" This is Money Markets & More effort Tuesday April 7 2009. From the newsroom at the MarketWatch radio network and Adrian Mitchell coming up. What season is it. -- No its earnings season that I care."
" And I on board are also coming up do you live in a city. But commute to the suburbs for your job. Apparently it's happening more and more writing and -- more jobs are heading out of downtown and into the verbs and we'll talk about that and what it could mean for you in a moment but first this reminder."
" Think you know what's going on the Wall Street. Think again listen to the Hulbert financial files on iTunes and it marketwatch.com."
" On the day -- its corporate earnings time again the first quarter reporting season is expected to be bad but with -- expectations for corporate results already so low investors could draw some encouragement from new rules on help banks can value of their assets. And from what one market strategist calls the improved economic backdrop. Kicking things off Alcoa aluminum and Bed Bath & Beyond issued their quarterly reports. Also we'll find out whether troubled here one is managing to attract customers to the stores it has left and is ruby Tuesday weathering the slump in the restaurant businesses more people eat at home more at cheaper fast food places. We'll also get a sneak peek at what automakers have to offer it's the preview day at the New York auto show and we'll get a look at the consumer credit picture for February. On the stage in business history in 1827. John walker and English chemists sold the first friction match. In 1927. The first distance public TV broadcast took place from Washington DC to New York City. Featuring -- commerce secretary Herbert Hoover. In 1933 pro hit bishop and was repealed for beer with no more than three point 2% alcohol. In 1964. IBM announced its mainframe computer system the system 360 which would influence computer design for years. And and in 1999 and."
" It's. Medium -- Romo the World Trade Organization."
" And ruled in -- US senate dispute with Europe."
" Over bananas. That's John Wordock who loves his finance which explains how he -- some years. After four weeks of gains analysts say it's not necessarily attempting to have a day like this investors have been taking some profits and one market strategist tells MarketWatch were starting to turn the corner and turns of psychology. And that the market isn't far from where it should be right now. Concern about the banks helped bring stocks lower Monday after an influential analyst -- loan losses could be greater than those seen in the Great Depression. And tech stocks are taking a hit in part. Because of the collapse of negotiations on a merger between IBM -- NASDAQ component Sun Microsystems. The Dow closed down 42 points the NASDAQ down fifteen ES and Martha Stewart is out country living in at Kmart. The country living line named after the magazine of the same name will include everything from linens to furniture. It'll replace Martha Stewart everyday which Kmart has carried since 1997. The new line will be sold at both Kmart and Sears stores. If you buy music online this could mean a lot TU Apple's new pricing system for iTunes is reportedly starting today it's a tiered system. Some older songs that get cheaper 69 cents a song others he'll stay at the current 99 cents but some of the most popular ones. Are going to cost you 30% more a dollar 29. Leaving home can be tough for companies -- but as John -- and -- tell us companies are doing it."
" Sometimes tough times call for tough decisions and some companies big and small are deciding to leave cities and there are moving out to the suburbs and joining us to talk more about this is. And Kate's so and what is this going to mean for people who go to work every day schlep in schlep out. And trying to make a live in these days."
" As you said companies try to save money whenever they can and typically either ran for office space is going to be cheaper in most suburbs and it is right in downtown area. They're -- amenities like parking will be a little bit easier on the workers -- the a budget issues like that. So study by the Brookings Institution has found that. In all but three of 98 major cities around the US that that's called jobs for all jobs are going from a downtown area. Out in the suburbs it's happening more -- more. And I guess this is going to continue until we finally have some sort recovery. And analysts actually say it's it's not necessarily just a recession this is just a new trend but it's a trend that's worrisome to them because if you work in a city chances are you might take public transportation because parking is so expensive because. Traffic in gridlock and things like that now they're saying. If you -- workers -- the suburbs that they're gonna chances are public transportation business good up there so they're going to drive to work. And that's going to put more cars on the road an increased traffic and -- to air pollution things."
" So if you are running an operation that goes 24 hours today. Folks we'll probably have to get in their car and go find food."
" Right say it is -- overall you're just getting more and more people on the road. Plus city take jobs out of the city that means people who live in the city may not have that have an adequate way to get out to the suburbs to work those jobs so. It's sort of vexing problem. That's sounds like it's going to continue as long as we have this economic downturn. And who knows that jobs may never come back has some large cities have found out recently began and they we it would -- experts tell USA today that. Some steps need to be done either the government needs -- the private sector. And figure out a way to get. People who live in the city out the new jobs -- just figure out new ways tended to tax incentives and other stuff like that to keep companies in downtown areas."
" If you are interested folks in this kind of subject we are launching a new podcast called recession and recovery. All about the economy and what you can do to survive. In the economy so look for that at marketwatch.com. Back slash podcasts or coming soon to iTunes. And case thank you as always thank you."
" Thanks done it and and at least one spicy sausage. For many of us here and rockets are one of life's most perfect combinations that counts relating how dry hot marinade. Actually just throughout sausages and the -- but now Sara Lee and Miller -- making even easier. There introducing appear brought that is -- soaked in beer they're called hill Shire farms Miller high life beer brought to. Makers say they'll keep you all the flavor of -- the year brought. In less time. That's it for Money Markets & More if you've got a story idea or want to contact us for almost any reason at all please do. Right a set MarketWatch radio news -- and at Yahoo.com that's market watch radio and use room. At Yahoo.com. -- Adrian Mitchell thanks for listening till next time."