Oct 17, 2008

Marketplace Report for Friday, October 17, 2008

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Marketplace Report for Friday, October 17, 2008

Segments From this episode

Housing construction slump continues

Oct 17, 2008
Construction of new homes was expected to drop in September, but not to the lowest number in seven years. With builders and buyers unable to get loans easily, the decline is expected to continue. Mitchell Hartman reports.

Checking the state of the auto industry

Oct 17, 2008
Reports say GM and Chrysler have stepped up merger talks, with GM running out of cash. Toyota, on the other hand, is promoting a new zero-financing initiative for 11 models. Ashley Milne-Tyte has more.

Don't get too used to lower gas prices

Oct 17, 2008
The recent drop in oil prices might have us smiling at the pump now, but those lower prices could head back up. OPEC is expected to cut production during an emergency meeting next week. Nancy Marshall Genzer has more.

A requiem for big investment banks

Oct 17, 2008
Investment banks like Bear Stearns and Lehman Brothers have been major casualties of the financial crisis. With investors skeptical about risk, is the investment banking model dead? London Bureau Chief Stephen Beard reports.

Week on Wall Street

Oct 17, 2008
Are we in a recession? A slowdown? A rebalancing? What happens next? Kai Ryssdal asks Mike Mandel, writer for BusinessWeek, and Johs Worsoe, senior executive vp, global markets, for Union Bank, for their thoughts.

Looking back to Bretton Woods

Oct 17, 2008
President Bush will meet with French President Nicolas Sarkozy at Camp David. It's not likely to lead to a worldwide summit because the president is in lame duck status. But Jeremy Hobson reports on something that might come up.

Redefining poverty in the U.S.

Oct 17, 2008
The U.S. definition of poverty is more than 40 years old, and critics think it's time for an overhaul. Mayors from all over the country met in L.A. to come up with a plan for resetting the poverty line. Rachel…

Music from the episode

Satellite Guster
Cities In Dust Siouxsie and the Banshees
Skeleton Jar Youth Group

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