Marketplace for Friday, June 6, 2008
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Crude topped $139 a barrel at its high today after a Morgan Stanley analyst said he expects it to hit $150 by July 4. Meanwhile, the dollar fell on news the E.U. central bank might hike interest rates. All that got speculators going. John Dimsdale reports.
More than 49,000 jobs were lost in May, according to the latest government report. That pushed the unemployment rate up half a point to 5.5% -- the biggest increase since 1986. Ashley Milne-Tyte reports.
Barack Obama is making the Democratic National Committee live by his campaign's rules -- no money from lobbyists or political action committees. Jeremy Hobson reports on how this decision might affect what happens in November.
History tells us employment tends to lag in the economic cycle. Jobs return once demand for products and services goes up. But commentator and economist Mark Thoma says factors like technology are throwing a wrench into the jobs equation.
As the foreclosure rate continues to climb, social workers across the country are starting to notice a new phenomenon: People moving out of their homes and into RVs and cars. Jennifer Collins reports.
President Bush leaves Monday for what will probably be his last major trip to Europe. He's expected to get a polite reception at a big U.S.-European summit meeting, where a bitter trade dispute between the two sides might actually be settled. Stephen Beard reports.
Attention will be on the Belmont Stakes on Saturday as Big Brown tries to capture the Triple Crown. But thoroughbred racing's not what it used to be. Attendance is down and the money wagered has dropped $1 billion in five years. Kai Ryssdal reports.