" This is Money Markets & More for this Wednesday may thirteenth 2009. From the news or not -- MarketWatch radio network I'm Adrian Mitchell. Coming up brace yourself for up paper towel war -- John -- also coming up in a moment we are gonna talk about how target is trying to sell groceries. Right they wanted by the minute ago there -- food consumer race and -- she'll join us to talk about everything from bread -- pineapples. In a moment but first this important news getting ahead of now. This that the new marketwatch.com. On the."

" we're getting the latest on retail sales import and export prices business inventories and petroleum inventories. And to report on activity -- mortgage lenders from the Mortgage Bankers Association. Companies reporting earnings include Macy's Whole Foods Market doctor pepper snapple Liz Claiborne -- ARAMARK and the vitamin -- On this date in business history an 1880 in Menlo park New Jersey Thomas Edison performed the first test of his electric railway. In 1913 Igor Sikorsky became the first man to pilot a four engine airplane. In 1939 the first commercial FM radio station in the United States was launched. In Bloomfield Connecticut. In 1958. That trademark velcro was registers. Money Markets & More at marketwatch.com."

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" GM was the big move for on Tuesday it plummeted to a dollar fifteen its lowest level since 1933. After we learned that top GM executives have sold all their stock. And the National Association of Realtors said the median home price for single family homes fell nearly 14% the first quarter of this year the biggest drop in thirty years. The Dow staged a late day comeback former Fed Chairman Alan Greenspan said he sees the seeds of bottoming in housing. The Dow up fifty the NASDAQ down fifteen the S&P down a fraction. Hey it's a recession. You don't have to go to that AC DC concert after all. After the -- ticket master reported first quarter earnings fell 78%. Not only is it not selling as many tickets the company's ticketing arrangement with merger partner life nation came to an end. And shares Intel rose in after hours trading after it CEO said the chip maker's business in the second quarter was a little better than expected. One out of three millionaire's plans to park some money and more conservative vehicles like CDs fixed income and bonds in the next year. The survey by Fidelity Investments says most millionaires also plan to sell poorly performing investments and take the tax write offs. Because more than 75%. Are bracing for higher taxes. And fidelity scale Graham tells our John Wordock another 80% say they'll invest in the US the most bullish reading in years. -- more on this story at marketwatch.com. On our recession and recovery podcast. When you think target. What comes to mind cheap chic an alternative to Wal-Mart. Now the retailer wants to be thought of as a supermarket. Let's check in with John word -- and Kate says they check out the new target."

" Retailers are you feeling all sorts of nutty things these days hoping to get your money. And target wants to be your grocery store now that's right if you saw The Wall Street Journal the other day you saw a target wants to sell. Pineapple. Let's bring in our consumer a sand -- to talk more about this so and are you going to target to buy some pineapple."

" Not yet but I might I might at some point target is either going to remodel or open new stores and have expanded grocery sections sort of along the lines of what Wal-Mart is -- doing. Targets tying an out right now because they have like all other retailers are trying to. Get customers in the store and -- the minute they can become a one stop shopping destination and then -- that's better for them and they're gonna try this and about 100 stores or something right and and and they're gonna see how it goes right -- target's been trying to make itself stand out. Not be like Wal-Mart they want to be. Thought of as more chic and and trendy. But actually now they're kind of going wal mart's way by offering groceries are also emphasizing. Lower prices and and seeing how can you -- how consumers like it but apparently they do because in the test stores -- grocery sales have more than doubled so. At least and -- testing basis it's been working pretty well for them."

" And you know people called harsh eight hours yes it's known for being cheap chic but I mean that's over folks say it we're living in cardboard boxes these days. Or at least it feels like it so target really has to reinvent itself here doesn't."

" That they do have to reinvent themselves because people are. Are broke they -- ago to they know when it that would be able to combine thinks of making go to target and get cheap clothes for the hands and a cheap. This and that anything and pick up. Baked potatoes and as you said pineapple and a quarter melt them at -- they've got the customers and there are already ago. You know Kmart can do this with their super K stores. You know how they have groceries I don't see why target couldn't do this. Right and and that's what analysts say to all of these retailers are sort of reposition themselves Wal-Mart -- is actually. Sort of modeling itself after target because Wal-Mart for for years and ears their their apparel sales even before the recession there apparel sales weren't very good because people just felt like. The clothes are very from peace now. They Wal-Mart redesigned Hal and they got new close out their hopes of improving clothing sales along on what target's been doing for a long time. And at places like JC Penney and holes also. Coming up with affordable fashion lines but from big names like Vera -- so there all sort of mimicking -- some -- so I guess target is. Trying to get itself more involved in the retail climate and sort of changing. What it hopes will be for the better. Right I mean right others that there is is the super targets but not all targets are super target -- sell the groceries but right now. A regular target. Isn't going to have much more than a cursory selections and that's what target is up against here because the super targets take up a lot more space physically in the regular targets."

" I think they need -- pump more popcorn smell throughout the stored there you go make an idea how anyone can target it -- smells like popcorn that was made. Maybe four hours ago he hadn't noticed the end next time admits. Use the nose okay well next semi go to target what's that smell well men under the behind my ears stuck up. Okay. In the car and I -- indicates he only had time yet and again thank sand bank."

" Give thanks John --"

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" Too bad bounty doesn't have a hunt keep beef cake mascot because the brawny guy may be -- fight mood. Procter & Gamble which makes Downey is suing Georgia Pacific which makes brawny. It says Ronnie copied the pattern that stand did did bounty extra soft towels for its new tell. Ronnie debuted its tells last month bounty extra soft came out last year Georgia Pacific says -- answer the claims in courts. And that's it for Money Markets & More -- month to hear from you. Follow us on Twitter -- radio look for MarketWatch radio network on FaceBook or. The old fashioned way just email us at MarketWatch radio news -- at Yahoo.com. And don't forget to check out our new website marketwatch.com. -- Adrian Mitchell thanks realistic. Till next time."