Marketplace: Tuesday, July 6, 2004

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A look at today's markets (closing numbers)
DOW 63.49 (.62%) ; NASDAQ 43.23 (2.15%) ; S&P 500 9.17 (.81%)

Newscast Some influential leaders of the business community are circling the wagons on this July 6th. Many in corporate America were already fretting about how business-friendly the White House might be after the November elections; today, that level of anxiety rose when Democrat John Kerry announced his pick for vice president. Dick Gephardt did not get picked by John Kerry--contrary to the splashy front page of the New York Post this morning. Oops. If you missed it, copies of this morning's Post are already for sale on eBay. Also contrary to published reports, Dewey did not defeat Truman. For the first time a Roman Catholic archdiocese in the U.S. is filing for bankruptcy as a result of the sexual abuse scandal involving priests. A barometer of the services sector shows growth slowed more than expected last month. Today the Institute for Supply Management said its Non-Manufacturing Index slipped from 65.2 in May to 59.9 in June. What does that mean to you? Listen to all newscast items

Features Arab Bank Under Fire Over Possible Militant Ties An $875 million lawsuit alleging ties between a bank and mideast terrorists has been filed in New York. Families of U.S. victims killed or injured in Palestinian attacks are suing a U.S. branch of the Jordan-based Arab Bank. They claim it laundered money destined for terror groups and the families of suicide bombers. Reporter: Marty Goldensohn Related Story: Lawsuit Accuses Arab Bank of Helping Pay Militants Stars - Hum Support Marketplace: Purchase this music from Public Radio MusicSource Oil Creeps Up -- Yet Again Oil prices are moving higher - up almost $4 since last Tuesday. This was the first day of oil trading in the U.S. after a long holiday weekend, when there were fresh attacks on Iraq's oil lines. And traders are also fixated on the high drama facing one of the world's largest oil companies. The Russian producer known as Yukos. Reporter: Stephen Beard Related Story: Stocks Stumble on Profit, Oil Worries Chipmunk - Mr. Scruff Support Marketplace: Purchase this music from Public Radio MusicSource Big Brother, and A Coke Can? Coca-Cola is trying to brush aside fears that a summer promotional campaign may jeopardize national security. The world's largest soft drink company has rigged about a hundred of its soda cans with global positioning chips and placed them at stores across the U.S. A button on the cans activates a call to a company prize center. Two military bases in Ohio and Kentucky have warned personnel not to bring the cans into high security areas. Cell phones and GPS devices are often forbidden in restricted military areas. The Atlanta-based soft drink company says this is a tempest in a Coke can--since there's no way the devices could give away positions of military sites. That having been said, many American workers might be surprised that their whereabouts are being given away every day. Reporter: Jeff Tyler Related Story: Cell-phone Coke can viewed as threat by armed forces Weightless - Thievery Corporation Support Marketplace: Purchase this music from Public Radio MusicSource Shrimp Wars? First it was furniture, now shrimp. Today the Bush Administration accused exporters in China and Vietnam of dumping frozen and canned warm water shrimp and prawn in the U.S. The White House is proposing tariffs. Reporter: Hillary Wicai Related Story: U.S. Imposes Duties on Shrimp From China and Vietnam Schizophrenia - Sonic Youth Support Marketplace: Purchase this music from Public Radio MusicSource China's Diploma Deflation ... For many in China, a ticket out of the fishing villages and the small farm towns is a college diploma. At least that's what generations have been led to believe. Now graduates from the nation's top universities are discovering that things have changed. Reporter: Jocelyn Ford Related Story: China has a surplus of poor-quality MBA's Der Osten Ist Rot - Holger Czukay Support Marketplace: Purchase this music from Public Radio MusicSource

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