Dec 17, 2008

Marketplace Morning Report for Wednesday, December 17, 2008

Segments From this episode

Don't be frugal to follow recession chic

by Marketplace Staff

Dec 17, 2008

It's natural to want to penny-pinch when in a recession, but if you're not at risk of financial struggle, you may not need to cut back. Commentator Will Wilkinson says if you can, you should keep spending.

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OPEC plans production cuts

by John Dimsdale

Dec 17, 2008

OPEC is meeting in Algeria today, and OPEC and non-OPEC countries alike said they'd try to cut production to try to boost oil prices. But John Dimsdale reports Americans might not notice much difference.

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Fallout: The Financial Crisis

Central banks respond to Fed rate cut

by Stephen Beard

Dec 17, 2008

The Federal Reserve's target interest rate is looming somewhere between zero and a quarter of a percent, and world central banks are responding with their own cuts. Scott Jagow talks to Stephen Beard in London.

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Honda projecting more profit loses

by Alisa Roth

Dec 17, 2008

Like the Big Three, Honda is also having a hard time selling cars. The company issued profit warnings for the third time this year. Steve Chiotakis talks to Marketplace's Alisa Roth about how the automaker is saving cash.

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Fallout: The Financial Crisis

Rate cut gets chilly reception in U.K.

by Stephen Beard

Dec 17, 2008

In London, banks are reacting to the Fed cut with lower interbank lending rates, but they're still reluctant to lend. Stephen Beard reports markets will look to Barack Obama's fiscal packages for help out of the slump

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Constellation Energy could cut a deal

by Jeremy Hobson

Dec 17, 2008

Today a major nuclear energy deal could be cut involving Constellation Energy and France's EDF. Jeremy Hobson has the details.

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Is this all Santa's bringing?

by Ashley Milne-Tyte

Dec 17, 2008

Economic woes mean Christmas presents are a lower priority for some families. How should they break it to the kids that Santa may have to do some scrimping? Ashley Milne-Tyte talked to one family about how they're dealing.

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Fallout: The Financial Crisis

A plan to stimulate home buyers again

by Rico Gagliano

Dec 17, 2008

The National Association of Homebuilders wants to see Congress implement a program to help stimulate buyers and give them a reason to rejoin the market. Rico Gagliano reports the plan involves two parts: tax credits and low fixed rates.