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Sep 4, 2012

Marketplace Morning Report for Tuesday, September 4, 2012

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Secretary of State Hillary Clinton heads to Beijing today for two days of talks as part of a 12-day swing through Asia. Her visit comes amid a slowdown in the Chinese economy and an uptick in economic tensions between China and the U.S. The European Debt Crisis is spreading from the public sector to the private sector. Companies in some of the weakest European economies are now facing much higher borrowing costs. And Wednesday, Nokia launches a new smart phone which will use Microsoft's
operating system. It's the last best chance for Nokia to take on Apple - which is expected to launch the next version of the iPhone this month. For a glimpse into the future we talk to Brian Chen, who writes for the New York Times Bits Blog.

Segments From this episode

Nokia Lumia smartphone is game on for Windows

Sep 4, 2012
Microsoft's newest mobile operating system debuts this week on a new smartphone from Nokia, heating up the competition with Apple's iPhone and Google's Android operating system.

European debt crisis spreads to the private sector

Sep 4, 2012
Companies in some of the weaker eurozone economies are facing much higher borrowing costs, as much as 50 percent higher than for companies in Germany.

Clinton heads to Beijing for economy talks

by
Sep 4, 2012
Secretary of State Hillary Clinton's visit comes amid a slowdown in the Chinese economy and an uptick in economic tensions between China and the U.S.

Hedge funds face autumn uncertainty

Sep 4, 2012
Big fund investors are more cautious than usual over uncertainty over the upcoming fall presidential election and the European financial crisis.

Paul Ryan's deficit plan could learn from UK

Sep 4, 2012
GOP vice-presidential candidate Paul Ryan wants to slash the deficit through major spending cuts. A similar plan is already being carried out in the UK.

In the future, you may wear your smartphone

Sep 4, 2012
As Microsoft and Nokia release their latest competitor in the fierce smartphone market, a glimpse into the future reveals big opportunities for new forms and functions.

At DNC, lobbyists do more schmoozing than check writing

Sep 4, 2012
Lobbyists are working behind the scenes to make their mark at the Democratic National Convention in Charlotte, North Carolina, this week.

Four wounded in South African gold mine protest

Sep 4, 2012
Security guards at a gold mine east of Johannesburg shoot rubber bullets at thousands of protestors who were fired in June after going on strike for higher wages.

Tooth Fairy hit by inflation, kids rejoice

Sep 4, 2012
Tots are scoring an average of $3 for a loose tooth, up 15 percent from the last year, according to a new study from Visa

Auto sales kick in to a higher gear

Sep 4, 2012
Pent-up demand for new cars, better financing options for buyers, better fuel efficiency, and a rising price of used cars continue to boost car sales.

Auto sale increase also boosts auto jobs

Sep 4, 2012
The steady increase in auto sales is also fueling a boom in auto employment—everything from dealerships, to auto suppliers and assembly plants

Amazon teams with Epix to expand on-demand video library

Sep 4, 2012
Shares of Netflix fell Tuesday on news that Amazon has inked a deal with a rival provider of on-demand movies and TV shows.

PODCAST: Auto sales, austerity and the economy

Sep 4, 2012
Automakers are enjoying a good earning season. Analysts look to the UK for insight into Paul Ryan's proposed deficit cuts, and Hillary Clinton heads to Beijing to talk economy.

Secretary of State Hillary Clinton heads to Beijing today for two days of talks as part of a 12-day swing through Asia. Her visit comes amid a slowdown in the Chinese economy and an uptick in economic tensions between China and the U.S. The European Debt Crisis is spreading from the public sector to the private sector. Companies in some of the weakest European economies are now facing much higher borrowing costs. And Wednesday, Nokia launches a new smart phone which will use Microsoft’s
operating system. It’s the last best chance for Nokia to take on Apple – which is expected to launch the next version of the iPhone this month. For a glimpse into the future we talk to Brian Chen, who writes for the New York Times Bits Blog.

The team

Stephen Ryan Producer, BBC