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Marketplace Morning Report for Tuesday, June 4, 2013
Jun 4, 2013

Marketplace Morning Report for Tuesday, June 4, 2013

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The Obama administration slaps Iran with fresh trade sanctions in its ongoing effort to halt Tehran's nuclear program. The new penalties are likely to hit Iran's currency and its car market. A fight over oil tax cuts in Alaska heats up. And New York City's 57th street is becoming an 'it-place' for hedge fund titans and other global executives to buy castles in the sky.

Segments From this episode

Many would-be first-time homebuyers fear taking the plunge

Jun 3, 2013
Would-be homebuyers are nervous because of the housing crash and the instability of the job market.

New sanctions on Iran target currency, car industry

Jun 4, 2013
There will be new penalties for financial institutions that deal in Iranian currency, which should cause the rial to devalue further. But new sanctions on the country's car industry could be felt more acutely.

Oil tax cuts spur fight in Alaska

Jun 4, 2013
Alaskans are worried that a cut to oil taxes could ruin the state budget. BP credits the tax break for spurring new investments in the North Slope oil field.

In New York, all teachers will be graded

Jun 4, 2013
New York is going to start evaluating teachers in all subject fields, and test results will be part of their performance evaluations. This week, the teachers start getting trained in the new grading system.

New York's new billionaire street

Jun 4, 2013
Three luxury high-rise apartment towers are luring the ultra-wealthy to an area of Midtown Manhattan better known for offices and stores.

PODCAST: The good, the bad...and the good

Jun 4, 2013
Bad news is good news for the markets. Would-be first-time homebuyers delay their purchase. And New York introduces new rating systems for teachers.

Bad news is good news for the markets

Jun 4, 2013
Stock markets were up this morning, though data from a variety of sources indicate a only tepid economy. Juli Niemann, analyst with Smith Moore & Company, says it's precisely this bad news that is making the market rally.

How to pronounce Germany's longest word

Jun 4, 2013
Rindfleischetikettierungsueberwachungsaufgabenuebertragungsgesetz. The longest German word is no more. Now that its gone, we teach you how to say it.

The Obama administration slaps Iran with fresh trade sanctions in its ongoing effort to halt Tehran’s nuclear program. The new penalties are likely to hit Iran’s currency and its car market. A fight over oil tax cuts in Alaska heats up. And New York City’s 57th street is becoming an ‘it-place’ for hedge fund titans and other global executives to buy castles in the sky.

The team

Stephen Ryan Producer, BBC