Marketplace for Friday, May 16, 2008
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Segments From this episode
Visiting Saudi Arabia, President Bush asked the Saudis to open the taps on their oil production a little wider. The Saudis said sure, they'll boost production, but they'll decide how much. Jeremy Hobson reports.
Demand for gas may be dropping, but worldwide demand for diesel is increasing. And prices have risen nearly three times as fast as for regular gas. So refiners are going all out to boost production. Sam Eaton reports.
Fannie Mae, one of the big government-backed mortgage financers, is trying to jump-start the flagging real estate market. It's lowering downpayment requirements for neighborhoods where home prices were falling. John Dimsdale reports.
For the first time, cancer doctors and researchers have put the abstracts of their cancer studies online in advance of their major annual meeting later this month. And you can bet Wall Street has been poring over the reports. Janet Babin has the story.
President Bush travels from Saudi Arabia to Egypt on Saturday for meetings with Arab leaders. The economic fortunes of those two countries are very different. But commentator and journalist Mona Eltahawy says they've got one unfortunate thing in common.
Twenty years is the magic number when it comes to nostalgia, and that time's arrived for Generation X, whose members are now becoming parents with purchasing power. Caitlan Carroll reports on how the entertainment industry is getting in position.