Marketplace Morning Report for Thursday, October 2, 2014
Oct 2, 2014

Marketplace Morning Report for Thursday, October 2, 2014

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First up, in the face of flagging recovery in the area that uses the Euro, the Europe Central Central Bank has already made it clear it plans to start a kind of Quantative Easing-lite: creating money to buy assets to stimulate the economy. More on that. And what can President Obama say to tout the U.S. economic picture? He has to try to explain why there’s something of a malaise among consumers (and voters) about the state of the economy. Plus, ever since Bill Gross, dubbed the King of Bonds, quit without notice from PIMCO less than a week ago, customers have withdrawn a colossal $23 billion out of PIMCO's famous Total Return Fund. That's by far a record for people taking their money and running from PIMCO. Bill Gross is now at Janus Capital. This may be a useful time for investors far and wide to reflect on their own investment strategies. 

Segments From this episode

PODCAST: Nosy apps

Oct 2, 2014
A preview of the Jobs Report for September, a new title for Brian Moynihan and apps get nosy.

How the president might tout the economy

Oct 2, 2014
While unemployment has fallen to 6.1 percent, many people still feel uneasy.

CEO tries to reset General Motors' brand

Oct 2, 2014
Mary Barra promises higher profits, but also better cars.

Why companies really want you to use an app for that

Oct 2, 2014
Apps let companies mine far more of your personal data than websites.

Bank of America gets back to normal... with a twist

Oct 2, 2014
CEO Brian Moynihan is getting another title: chairman of the board.

First up, in the face of flagging recovery in the area that uses the Euro, the Europe Central Central Bank has already made it clear it plans to start a kind of Quantative Easing-lite: creating money to buy assets to stimulate the economy. More on that. And what can President Obama say to tout the U.S. economic picture? He has to try to explain why there’s something of a malaise among consumers (and voters) about the state of the economy. Plus, ever since Bill Gross, dubbed the King of Bonds, quit without notice from PIMCO less than a week ago, customers have withdrawn a colossal $23 billion out of PIMCO’s famous Total Return Fund. That’s by far a record for people taking their money and running from PIMCO. Bill Gross is now at Janus Capital. This may be a useful time for investors far and wide to reflect on their own investment strategies. 

The team

Stephen Ryan Producer, BBC