Marketplace Morning Report for Thursday November 27, 2014
Organization of the Petroleum Exporting Countries is meeting Thursday, and with oil prices at a four-year low the group is at a crossroads. Scott Tong tells us about OPEC's tough choice: cut production and sacrifice market share to raise prices, or stay the course and let prices keep falling. Plus, from northern Michigan’s largest food pantry in Traverse City, we look at how they are handling the demand on their help this holiday season. Finally, they call it the shopping season for a reason. American consumers are expected to spend a third of their annual retail expenditures between now and the end of the year. We take a look at what day is best to buy.
Organization of the Petroleum Exporting Countries is meeting Thursday, and with oil prices at a four-year low the group is at a crossroads. Scott Tong tells us about OPEC’s tough choice: cut production and sacrifice market share to raise prices, or stay the course and let prices keep falling. Plus, from northern Michigan’s largest food pantry in Traverse City, we look at how they are handling the demand on their help this holiday season. Finally, they call it the shopping season for a reason. American consumers are expected to spend a third of their annual retail expenditures between now and the end of the year. We take a look at what day is best to buy.
