Audible

Marketplace: Monday, June 14, 2004

Listen (entire show) | how to listen | sign up for newsletter | order transcript

A look at today's markets (closing numbers)
DOW 71.79 (.69%) ; NASDAQ 9.90 (.49%) ; S&P 500 6.22 (.55%)

Newscast

  • For now, at least, there are signs America's love affair with the shopping mall remains solid. Strong consumer demand--plus record gasoline prices, we should add--pushed retail sales up 1.2 percent in May. The flip side is that much of what Americans buy is produced overseas.
  • XM satellite radio says it's signed up 2 million subscribers more quickly than expected. With news like that you might expect its stock price to jump -and it did by the tune of about 6 percent at one point in the day--closing a more down to earth gain of about 1 and a half percent. But XM was the exception.

    Listen to all newscast items

  • Features
    Where Will Those Chips Fall ...
    The country's third-biggest casino company is putting more chips on the table in its bid to grow into the world's biggest gambling empire. MGM-Mirage has raised its offer for Mandalay Resort Group, another big hotel-casino operator, to $7.9 billion. Mandalay executives will meet tomorrow to consider the deal. But even if they agree, another big hurdle will remain - getting the deal past regulators in several states, and in the nation's capital.
    Reporter: Bob Moon
    Related Story: MGM Mirage Raises Bid for Mandalay
    I See You Baby - Groove Armada
    Support Marketplace: Purchase this music from Public Radio MusicSource
    The Economics of Viagra
    A new report says insurance coverage for contraceptives like the birth control pill has taken off in the last decade. One of the reasons: that little blue pill called Viagra.
    Reporter: Helen Palmer
    Related Story: Birth control coverage owes much to Viagra
    You're So Hollywood - Flickerstick
    Support Marketplace: Purchase this music from Public Radio MusicSource
    Paying for those Friendly Skies ...
    The national average price of a gallon of regular unleaded fell under 2 bucks today. It's the first nationwide drop in gasoline prices for the year. This admittedly small dip is probably small consolation for those of you on the road today. What's more, prices for jet fuel remain -- sky high. The big airlines are doing a number of little things to pinch pennies.
    Reporter: Marty Goldensohn
    Related Story: Air fares to take off
    Turn the Bend - DJ Harry
    Support Marketplace: Purchase this music from Public Radio MusicSource
    ... as a New Airline Takes Off
    With high fuel prices, and discount carriers abounding, this might seem like an inauspicious time for the takeoff of a new airline. That's not the way they're thinking about it at Independence Air. The new low-fare carrier plans to make its inaugural flight - departing Dulles Airport on Wednesday. Airlines may lack new-economy cachet - but our commentator says this sort of heavy-industry start-up is exactly what the economy needs.
    Commentator: Adam Hanft
    Related Story: Celebrity instructions onboard Independence Air
    Friday, I'm in Love - The Cure
    Support Marketplace: Purchase this music from Public Radio MusicSource
    Risk and Restoration in Argentina
    A team from the International Monetary Fund is in Buenos Aires today to make sure Argentina follows a plan for restoring the country's economic health. Two years ago Argentina defaulted on $100 billion in debt. The IMF agreed to loan the government $13 billion additional dollars if it restructured its debt and enacted economic reforms. The government took the money but hasn't made many of the changes yet. Regional and federal governments don't agree on a cure. Many laid off workers have come up with their own form of debt restructuring. They've taken over bankrupt factories and kept them running. Everyone earns equal pay and participates in company decisions. Workers go to night school to learn accounting and sales. Thousands of families are kept afloat. But this do-it-yourself economic prescription has some side effects.
    Reporter: Daniel Grech
    Related Story: Argentine economy picks up speed
    Music Bridge: title - artist
    Support Marketplace: Purchase this music from Public Radio MusicSource
    Coming up on Marketplace...
    More than you ever wanted to know about bikini waxes.

    << - Back to 06/11 Newscast

     

    American Public Media