Aug 10, 2011

Marketplace Morning Report for Wednesday, August 10, 2011

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Marketplace Morning Report for Wednesday, August 10, 2011

Segments From this episode

Plan would turn foreclosures into rentals

Aug 10, 2011
The Federal Housing Administration today will ask the public for ideas to help clear out the nation's stock of foreclosed homes. One idea gaining steam is to get foreclosed properties off the market by renting them out.

Productivity continues to drop

Aug 10, 2011
And with the economy slowing down, it could lead to another round of downsizing

Lower oil prices mean cheaper gas

Aug 10, 2011
One silver lining of this week's bad financial news could stick around through the end of the year

Zeal for tech IPOs has cooled

Aug 10, 2011
Back in June, everything was looking up for Silicon Valley investors. Now, the shaky markets are making it difficult to invest confidently in new ideas.

Fed announcement implies economic slow growth until 2013

Aug 10, 2011
Interest rates for banks that borrow from the Fed will remain near zero percent for the next two years. But keeping rates that low for that long is unprecedented and making such a bold statement carries risk.

Dr. Phil says Americans need to 'get real' about the economy

Aug 10, 2011
Economists say one of their big concerns in consumer confidence. But how do you build confidence? The TV psychologist says he thinks Americans need to focus on the important things in life.

Gold prices spike

Aug 10, 2011
Uncertainty in the economy is forcing the price of gold up. The Federal Reserve's pledge to keep interest rates near zero and investor distrust of hard currencies are also to blame.

Russians demand a better debt rating

Aug 10, 2011
With more than $500 billion in currency reserves and a budget surplus, Russia is upset with its BBB rating, which puts the country just behind Ireland, Cyprus and the Bahamas

Explainer: What did the Federal Reserve promise?

Aug 10, 2011
The central bank says it will 'keep interest rates at nearly zero until 2013.' But some wonder if we can take that promise 'to the bank.'

Long term ramifications of market volatility

Aug 10, 2011
Richard Dekaser, economist with the Parthenon Group, says people are concerned about the rising probability of a recession, and perhaps more importantly, that the government's economic policy 'looks a bit rudderless'

Market shock: Why the roller coaster ride?

Aug 10, 2011
Josh Brown, a financial adviser at Fusion Analytics, says despite months of poor economic reports, Wall Street hasn't declared another recession, and 'they never will until we're about halfway through' it.

The team

Stephen Ryan Producer, BBC