In our Weekly Wrap, Kai Ryssdal talks with Fortune's Leigh Gallagher Portfolio.com's Felix Salmon about this week's jobs numbers, the "official" recession, the whip-sawing markets, and the automakers' continued pleas to Congress.
For months, companies have been suffering from the high price of oil — airlines, carmakers, truckers, you name it. How are they doing now that crude is down 70%? Alisa Roth reports.
A year into a recession and job losses are getting steeper. That's not good. Recovery hinges on people working and starting to buy again. Senior Business Correspondent Bob Moon looks at where we can go from here.
Today's jobless report was worse than many analysts expected. The economy lost 533,000 jobs last month, the most since 1974. And the 6.7% unemployment rate was the highest since 1993. Jeremy Hobson reports.
Professional sports haven't been immune to problems from the recession. But business-of-sports commentator Diana Nyad tells Kai Ryssdal the sports having the most trouble are the ones with the biggest toys.
Treasury Secretary Paulson is said to be considering a plan to use Fannie Mae and Freddie Mac to push down mortgage rates for new home purchases to as low as 4.5%. Marketplace's Steve Henn reports.
A more humble collection of auto industry CEOs came calling on Congress today. But the jury's still out on whether their latest proposal will get them the money they need. Nancy Marshall Genzer reports.
Women probably aren't going to give up personal primping entirely. But they are taking a breather. And that has salons scrambling to adjust to beauty's new bottom line. Renita Jablonski reports.
As Ford, General Motors and Chrysler go hat in hand to Congress asking for help, their CEOs now say they'll take just a dollar a year in salary if that'll make things better. But the bucks don't really stop there. Jeremy Hobson reports.
