Tuesday, May 4, 2004 The Marketplace Morning Report with Kai Ryssdal and Tess Vigeland is a series of seven 9-minute business news modules airing weekdays. This timely report delivers a global business newscast and a hard-hitting feature report. Visit the archive to browse previous stories. Note: Each of the broadcasts contains some of the newscast items below and one of the features. Since only a few radio markets get all seven broadcasts, we've made them available below.

Broadcasts Listen: 2:50 | 3:50 | 4:50 | 5:50 | 6:50 | 7:50 | 8:50 (times are a.m., Pacific Standard Time)

Newscast Stories From New York: "Time to clean up those files." That email subject line from four years ago became the downfall of superstar investment banker Frank Quattrone. Yesterday a federal jury found Quattrone guilty of obstruction of justice. From Los Angeles: Just eight days each year, Wall Street, Washington DC - and business news programs like this one - hold their collective breaths to find out what the Federal Open Market Committee has to say. The F.O.M.C meets today. And, the pressure is on. From Washington: First President Bush introduced a plan to reform immigration. Today Congressional Democrats will outline their proposal to put illegal immigrants on a path to citizenship and legal work. From Boston: Summer jobs were scarce for teens last year. 2004 could be even worse. A new study says teens have their worst job prospects in nearly 60 years. It predicts close to two-thirds of them won't find work. From Los Angeles: When the fall television schedule kicks off this year, something might be missing: car ads. Automakers say they're ready to play a game of chicken with the networks over rising ad rates From Tokyo: Fears of a slowdown of the Chinese economy have China's neighbors biting their nails. From London: A new commission on the problems on Africa meets in London for the first time today. The commission contains representatives from some of the continent's poorest countries as well as the singer Bob Geldoff. From Washington: Oil is $10 more a barrel than it was three years ago. The International Energy Agency says that means World GDP growth could have been at least half a percentage point higher in the last couple of years. A study by the agency also predicts unemployment rates will increase in developed countries if oil prices stay at current levels. Features China Loves Mutual Funds! Chinese stock markets have only been around 14 years. That's long enough for investors to learn what goes up also comes down, and managing your own portfolio isn't a sure way to retire rich. Mutual funds have been around for about five years in China. And this year, they've seen a boom. Jocelyn Ford reports on who's into them, and who's not.

The Cost of a Wedding If you're one of those people who believes that one white cake, two rings and a sprinkling of relatives is enough to make a wedding… then you're more than a little behind the times. The average American wedding now costs around $22,000... that's about five times as much as one cost 20 years ago. Two professors at the University of Illinois think they know what's happened. From the Marketplace Work and Family Desk, Sarah Gardner reports.