Thursday, August 09, 2007
In this show. . .
Credit crunch puts squeeze on Europe
A major French bank, BNP Paribas, announced it was suspending three of its asset-backed securities funds, due to the squeeze the subprime mortgage debacle has put on the U.S. credit market. Stephen Beard in London explains the impact on markets across the pond.
Bush not pumped about gas tax
At a news conference, President Bush made it clear what he thinks of a higher gas tax to fix the nation's infrastructure. He also fielded a larger-than-usual array of questions about the state of the U.S. economy.
Betting against subprime lenders
Some people have been "shorting" the companies that created and financed the subprime mortgage debacle. Steve Tripoli has been asking whether there's still time for a profitable bet against the architects of subprime.
Johnson & Johnson is a little cross
Johnson & Johnson is suing the American Red Cross over its commercial use of the symbol they've shared for more than 100 years. Jeremy Hobson reports
Campbell is no longer sweet on Godiva
Campbell, the soup company, is putting its Godiva Chocolates brand up for sale. The company's decided the Belgian-style chocolatier is a little too indulgent for its new emphasis on healthy foods. Ashley Milne-Tyte reports.
Screening plan hits turbulent reaction
The Department of Homeland Security issued a revised Secure Flight passenger screening program today. And privacy rights advoctates were quick to respond. Bob Moon reports.
Did you use that gift card or rebate?
Retailers are using gift cards and rebates to prompt us to buy. And, as commentator Ian Ayres points out, they're profiting from the fact that many of us won't use those cards and rebates.
Welcome to 'Westonzuela'
Florida, the Cuban capital of the United States, is making room for a new Latino group -- Venezuelans fleeing the rule of President Hugo Chavez. Dan Grech reports on what the influx means for the state's economy.
Kai Ryssdal's final note . . .
A tiny piece of American fashion is heading to the Middle East, in a manner of speaking. Barneys is set to be bought by a private equity firm owned by the government of Dubai. A Japanese competitor dropped out of the bidding war today. Istithmar, that's the Dubai group, has offered offered more than $942 million to take the retail chain off the hands of Jones Apparel.
Jones bought Barneys for around $400 million back in 2004.
Marketplace datebook for Friday, August 10, 2007
- In Washington, the Treasury Department releases the federal budget for July.
- Space Shuttle Endeavour is scheduled to dock with the International Space Station.
- And it's probably not a holiday for which you get to take off work: National Duran Duran Appreciation Day. Can't get enough 80s.
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Music From This Show
Marketplace Confessional
"I disagree with Diana Nyad, who told Bob Moon today that Americans are not interested in Wimbledon because there are so few Americans playing. I love watching tennis, no matter who is playing. I have watched tennis for years, but the networks toy with us, creating drama rather than showing the match. Oftentimes, televised matches end precisely when the allotted time expires, even if they have to cut and splice. When they don't, as happened in a Nadal match last weekend, we were left hanging at the end of two sets, as NBC switched to women's golf. I don't have cable TV, so I couldn't switch to MSNBC as was suggested. It's enough to make me turn off the TV and read about the matches online."
Your Host
Kai Ryssdal took the reins as host of Marketplace in August 2005 after hosting the Marketplace Morning Report for more than four years. Before joining Marketplace, Kai was … Full bio
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