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Marketplace: Tuesday, June 8, 2004
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A look at today's markets (closing numbers)
DOW 41.44 (.40%) ;
NASDAQ 2.91 (.14%) ;
S&P 500 1.70 (.15%)
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Newscast
Who says there won't be a handover by the end of the month? Might want to touch base with Iraq's interim oil minister. He told reporters on this June 8th -- "we are totally in control"...at least when it comes to that most valuable of Iraq's natural resources.
For those who need one more reason to quit, next time you reach for a smoke - take a moment.....are you sure those cigarettes are legal? Not talking about the wacky stuff, here. Federal agents say the domestic black market for name-brand cigarettes may be helping fund terrorist organizations.
Today the SEC suspended trading in 26 companies. The problem--according to regulators--is that the firms failed to file mandatory financial reports. They're all small companies--but this does appear to be the first time the SEC's ever used its power to halt trading in certain securities because of delinquent reporting. Since the collapse of Enron, Worldcom, and others, the Feds have upped their profile as securities watchdogs. In his own separate way, New York's Attorney General has been taking on Wall Street, too. Today Elliott Spitzer was speaking at a Money magazine conference about his lawsuit against Dick Grasso. Grasso was head of the New York Stock Exchange til he left last fall in a scandal over the size of his pay package.
Listen to all newscast items
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| Features
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China's Car Wars
Yesterday General Motors announced a $3 billion investment in China. And today Ford announced that it will be tripling production in the country. With a huge population and burgeoning economy, China is poised to be the breeding ground for a new car war.
Q + A: David Brown with David Sedgewick
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 Float On - Modest Mouse
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Ice Cream and Noise Pollution?
In an effort to curb noisy annoyances in New York City, mayor Michael Bloomberg is trying to silence the ice cream man. Mr. Softee will no longer be able to play his pied piper-like jingle to attract children from blocks away. Marketplace checks in with Mr. Softee himself.
Reporter: Amy Scott
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Soft Serve - Soul Coughing
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For Sale: Rain, Snow, and Wind Insurance
Natural disasters have cost European insurance companies billions over the past few years as weather gets more extreme. Can climate change affect property insurance?
Reporter: Stephen Beard
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Getting Along With Cuba ...
U.S.-Cuba relations are complicated at best. The Bush administration is cutting back on money transfers and visits to Cuba by Cuban-American residents. But both Cuban Americans and the agro-business industry would like to see the restrictions lifted. Both groups argue that Cuba needs as much help as it can get and want the government to back down.
Reporter: Jeff Tyler
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Chan Chan - Buena Vista Social Club
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Starting Over -- The Final Act
Over the past year reporter Jo Giese has presented a series of profiles of people who starting over in new careers. Host David Brown looks back at the characters from Starting Over along with Jo Giese and author Mark Henricks.
Q + A: David Brown with Jo Giese and Mark Henricks
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Play to Win - Chris Bangs Project
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Coming up on Marketplace...
Balancing the see-saw between Saudi stability and the price of oil.
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