Oct 2, 2008

Marketplace Morning Report for Thursday, October 2, 2008

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Marketplace Morning Report for Thursday, October 2, 2008

Segments From this episode

Senate passes revised rescue package

Oct 2, 2008
The Senate's new economic rescue package is now worth over $800 billion. Washington Bureau Chief John Dimsdale told Renita Jablonski some Republicans naysayers see improvements in the new bill.

Wachovia's wide effect on Charlotte

Oct 2, 2008
Marketplace's financial road trip continues this morning in Charlotte, N.C., where New York City Bureau Chief Amy Scott explores the wide effects Citigroup's purchase of Wachovia's banking business has on the city.

Recession will inspire a new frugality

Oct 2, 2008
As lenders become increasingly conservative, borrowers will grow more cautious. Scott Jagow talks to economic editor Chris Farrell about how the recession will promote a new, long-lasting wave of frugality.

The biggest little crisis in the world

Oct 2, 2008
While the financial crisis continues to get top billing in the media, folks in Reno, Nevada don't seem as alarmed. At least, not those who talked to Marketplace Money host Tess Vigeland. She talks to Renita Jablonski.
Sign over a street in Reno, NV
iStockPhoto.com

Europe still needs a crisis plan

Oct 2, 2008
European financial leaders are having trouble organizing a plan of action to combat the financial crisis. Stephen Beard reports the European Commission will meet for an emergency summit this Saturday.

Examining the Senate's new bailout bill

Oct 2, 2008
Does the Senate's new version of the bailout package do enough to prevent future problems? Scott Jagow talks to Democratic Congressman Bill Pascrell about the changes he'd like to see made to the bill.

Short-sellers sitting out another round

Oct 2, 2008
The Securities and Exchange Commission extended a ban on stock short-selling put in place last month. Stacey Vanek-Smith looks into why the SEC enacted the ban in the first place and the dangers of short-selling.
A trader looks over computer monitors showing financial data on the floor of the New York Stock Exchange.
Chris Hondros/Getty Images

Financial sector not leading layoffs yet

Oct 2, 2008
Layoffs were at a staggering 95,000 employees in September, with the financial industry the fourth-largest job cutter. Dan Grech reports Wall Street's bad numbers will start to show in a few weeks.

The team

Stephen Ryan Producer, BBC

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