The Mid-Day Update is a five-day-a-week podcast from the Marketplace Morning Report co-hosted by Bill Radke and Steve Chiotakis that wraps up the morning news in a fun little package. Listen here every day at 10 a.m. PT or download it to your iPod by subscribing to the Morning Report Podcast:
-
National Association of Realtors: Pending home sales plunged 30 percent from April to May to a new record low. That’s despite mortgage rates which today ALSO hit a new record low — about 4.5 percent for a 30-year fixed.
-
New unemployment benefit claims rose last week by 13,000. Analysts were expecting a small drop. Speaking of which, Congress did not extend unemployment benefits. Maybe after the July 4 vacation. Maybe not. A big employment report comes out tomorrow.
-
Toyota is considering another recall, a quarter million vehicles. Engines in some Toyota and Lexus models sometimes stall while driving. Toyota says there’ve been no accidents or injuries from this.
-
The once-rich BP is said to be trying borrow $5 billion to fill its Gulf of Mexico escrow account. BP stock shot up yesterday after analysts suggested that Exxon-Mobil should make a bid for it.
-
Microsoft rolled out its new Kin cell phone a few months ago with a big ad campaign. Sales disappointed. There will be no next of Kin.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
