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Marketplace: Thursday, June 10, 2004
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A look at today's markets (closing numbers)
DOW 41.66 (.40%) ;
NASDAQ 9.26 (.47%) ;
S&P 500 5.14 (.45%)
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Newscast
It's June 10th - the last day for the meeting of leaders of the world's 8 richest nations down on Georgia's Sea Island. Expectations were very low going into this weeks G8 summit... and those expectations have been amply met.
There is still value in world leaders getting some face time--especially in times like these---when there are cross currents. On the one hand, generally improving economic conditions, on the other, rising oil prices. On the one hand, debt relief for the world's poorest countries--on the other, the U.S. pushing for relieving Iraq's debt. All issues at the summit.
No time like the present it seems to ask the U.S. Supreme Court to step in to a controversy that could affect your phone bill. The State of California, officials from Michigan and a national association of regulators today asked the High Court to temporarily block a lower court decision. That ruling struck down phone competition rules. Last August, the FCC demanded that the four major regional carriers--Verizon, BellSouth, Quest and SBC-- lease parts of their networks at low prices to long distance competitors. An appeals court said the FCC exceeded its authority. The rule is set to expire next week.
Today Martha Stewart's attorneys asked a judge for a new trial. They argued that her conviction for lying about a well-timed stock sale was tainted by one of the witnesses. A Secret Service lab director who took the stand is now charged with perjury for some of what he said about his role in the Stewart investigation.
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| Features
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The Reagan Legacy Project
This is a shorter workweek for many Americans, especially bank and government employees. Friday is a national day of mourning for Ronald Reagan. Today thousands of people have been streaming through the U.S. Capital rotunda - where his body lies in state. How else to commemorate the legacy of Ronald Reagan? It's become an issue for politicians and fundraisers alike.
Reporter: John Dimsdale
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 Say Something - James
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Meet the Nielsens
You've heard of the Nielsens - they're the folks who tally up who's watching what on TV. Strong numbers can mean the difference in millions of advertising dollars. So Nielsen recently began phasing out its old system of asking viewers to report what they're watching and when. The new method's supposed to be more reliable. It's called the people meter. Apparently it isn't accurate enough for Univision.
Reporter: Nick Roman
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Five Fathoms - Everything But the Girl
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Potholes, Potholes, Potholes
Updating a story we reported earlier in the week. Remember our conversation about GM upping its investment in China -- and Ford tripling production there? Today further confirmation of 'car wars' in the world's fastest growing industrialized nation. Volkswagen, which has the clear lead among foreign automakers in China, announced plans today to open a new factory there next year. The new plant will pump out 150,000 new cars annually. So the cars are rolling in. Sure, but how're the roads? If you're thinking the U.S. is the gold standard, our commentator says - think again.
Commentator: Bill Hammack
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Potholes In My Lawn - De La Soul
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Summer Sports Business
Host David Brown chats with regular business of sports guest Diana Nyad about the Tour de France and cycling. Today the intersection of money and sports is on the table.
Q + A: Host David Brown with Diana Nyad
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Tricycle - REM
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Divorce School
An op-ed in today's New York Times brings to light a greater discrepancy between what women are paid and what men are. The Census Bureau says women now make 77 percent of what men do - that's up from 59 percent 40 years ago. The gap is closing - but perhaps not as dramatically as those year to year numbers suggest. The glass ceiling has been even slower to break in Japan. But as more women there do, in fact, gain financial strength, more are moving to declare another sort of independence - at an unprecedented rate.
Reporter: Jessica Smith
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Hallelujah I Love Her So - Ray Charles
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Coming up on Marketplace...
Is marriage a garden of Eden for clergy couples?
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