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Jul 18, 2012

Marketplace Morning Report for Wednesday, July 18, 2012

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There's a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There's a new report out today that's got one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China.

Segments From this episode

The influence of the vice president

Jul 18, 2012
As Romney prepares to tap running mate, historians say vice presidents have a mostly unseen role in shaping policy.

Housing market shows signs of revival

Jul 18, 2012
New home construction figures could provide momentum to the sense that the housing market is finally turning the corner.

Chinese exports help boost economy over India

Jul 18, 2012
It wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China. But China retains the upper hand in that relationship, thanks in part to its exports.

Study: Visa law prevents companies from hiring best workers

Jul 18, 2012
There's a new report out today that provides one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped, and doesn't account for the economic geography of America.

Sheila Bair on the state of Dodd-Frank and financial reform

Jul 18, 2012
Two years ago this Saturday, President Obama signed the Dodd-Frank financial reform law. Many say the bailout pulled the economy back from the brink. But the ad-hoc nature of the bailout made clear we needed better ways of responding to -- and ideally preventing -- financial crises.

Chinese companies predict falling profits

Jul 18, 2012
Some of China's biggest companies are warning that profits for the first half of this year could be cut in half. It's the latest evidence of an economic slowdown in China and gives you a sense of how big that slowdown might be.

Bank of America reports $2.5 billion profit

Jul 18, 2012
Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?

Housing construction showing signs of recovery

Jul 18, 2012
Groundbreaking on new homes jumped up last month at the fastest pace in three years. Housing starts were up 6.9 percent from May and 24 percent from a year ago.

Australian woman wins key Thalidomide settlement

Jul 18, 2012
Today, a woman in Australia born without arms or legs reached a multi-million dollar settlement with the distributor of Thalidomide, as a previously undiagnosed victim of the drug's side effects. The case may prompt similar legal action for uncompensated victims around the world.

PODCAST: Cheap ticket glitch, Lin says goodbye to Knicks

Jul 18, 2012
There's a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There's a new report out today that's got one explanation for why companies aren't hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn't long ago that many thought India's growth rates could surpass those of its long-time rival, China.
Thanks to a computer glitch yesterday, some lucky travelers were able to buy United tickets from the U.S. to Hong Kong for $40.
Nick Laham/Getty Images

There’s a growing sense among economists that the housing market has finally hit bottom, as home prices and home sales have been stabilizing in many places. There’s a new report out today that’s got one explanation for why companies aren’t hiring the people they want to hire: A visa program to bring in the best and brightest from around the world is capped. And overseas, India has lost its ranking as the country with the most upbeat consumers, according to Nielsen. But it wasn’t long ago that many thought India’s growth rates could surpass those of its long-time rival, China.

The team

Stephen Ryan Producer, BBC