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Nov 15, 2012

Marketplace Morning Report for Thursday, November 15, 2012

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As Xi Jinping takes the helm of the Communist Party in China, handling the slowing economy remains priority number one. President Obama will meet tomorrow with members of Congress to start negotiations in hopes of avoiding the fiscal cliff. But what do the American people think? The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.

Segments From this episode

In China, new leadership but familiar challenges

Nov 15, 2012
As Xi Jinping takes the helm of the Communist Party in the world's second largest economy, handling the slowing economy remains priority number one.

UPS CEO: Failure to resolve fiscal cliff will impact jobs

Nov 15, 2012
UPS CEO Scott Davis shares his views on the fiscal cliff, compromise, and how his company will adjust if Congress can't strike a deal.

The growing income gap, state by state

Nov 15, 2012
A new analysis highlights states with wide income inequality, and suggests ways to narrow the gap.

BP: 'There will be blood'

Nov 15, 2012
British oil giant BP could face a record fine for the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.

Americans want compromise on fiscal cliff

Nov 15, 2012
When it comes to the fiscal cliff, Americans do not give Republicans or Democrats a mandate on the issue.

Rising delinquencies threaten Federal Housing Administration

Nov 15, 2012
The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.

German economy begins to feel recession pressure

Nov 15, 2012
Europe has officially slipped back into recession. Growth in Germany -- widely considered to have a relatively healthy economy -- has slowed as well.

Activists launch debt forgiveness campaign

Nov 15, 2012
It's been more than a year since Occupy Wall Street made its debut in New York's Zucotti Park. Tonight a new initiative, 'Rolling Jubilee,' kicks off with an online celebrity telethon.

FDA investigating 5-hour Energy drink

Nov 15, 2012
Energy drinks are boosting sleepy beverage sales, even as the FDA investigates both Monster Energy and 5-hour Energy.

Could apartments become the next no-smoking zone?

Nov 15, 2012
If the folks behind the Great American Smokeout have their way, the latest frontier in the “no smoking” crusade could be apartment buildings.

PODCAST: BP pays, Europe's back in recession

Nov 15, 2012
BP will pay the largest criminal penalty in U.S. history for its role in the 2010 Gulf oil spill. Europe is back in recession. The wealth gap between the rich and poor continues to grow. A celebrity telethon from an Occupy Wall Street branch is expected to raise money to pay off the debts of ordinary people. And the latest on the fiscal cliff.

As Xi Jinping takes the helm of the Communist Party in China, handling the slowing economy remains priority number one. President Obama will meet tomorrow with members of Congress to start negotiations in hopes of avoiding the fiscal cliff. But what do the American people think? The Federal Housing Administration’s annual report is due out this week, and there’s concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.

The team

Stephen Ryan Producer, BBC