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Nov 21, 2008

Marketplace Report for Friday, November 21, 2008

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Marketplace Report for Friday, November 21, 2008

Segments From this episode

What has the bailout done so far?

Nov 21, 2008
Billions have been spent on the bailout already, and we've been keeping track. Steve Henn reports where the money went for our series "Tracking the Bailout."

Citigroup stocks take dramatic fall

Nov 21, 2008
Citigroup stocks were selling at a dizzying pace on reports that the troubled company might be considering a merger. How did things get so bad for Citigroup so quickly? Ashley Milne-Tyte reports.

Pelosi to Big 3: Bring us a plan

Nov 21, 2008
House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid promise to try to get help for automakers after Thanksgiving. But the automakers have to make a convincing argument for why they need it. Alisa Roth reports.

N.Y. Fed Chief said to be Treasury pick

Nov 21, 2008
Sources close to Obama's transition team are confirming reports that Obama will nominate Timothy Geithner, President of the N.Y. Federal Reserve Bank, to be Treasury Secretary. John Dimsdale reports.

Career moves for laid-off auto workers

Nov 21, 2008
GM has announced more layoffs. But while GM shrinks, the natural gas industry is doing some hiring. So could ex-GM workers go from assembling power trains to driving drill bits into the earth? Kate Archer Kent reports.

Corporate board members bowing out

Nov 21, 2008
The financial crisis is putting so much pressure on top company executives that many of them are leaving posts on the boards of other corporations because it's just too much. Renita Jablonski reports.

What happens in after-hours trading?

Nov 21, 2008
After the bell rings on Wall Street, trading still goes on, but at a trickle compared to the regular trading period. Why doesn't trading go full-speed, 24/7? Mitchell Hartman explains.

Tough week for the economy all around

Nov 21, 2008
No bailout for Detroit. Citigroup stocks took a dive. So did the markets, at least before the Treasury choice surfaced. Kai Ryssdal asks trader Andy Brooks and Felix Salmon of portfolio.com about an ugly week.

Music from the episode

Kensington Blues Jack Rose
Kool Thing Sonic Youth
on a Letter The Sea and Cake