" This is Money Markets & More for Thursday August 13 from the news from of the marketwatch.com radio network -- John worked. In this edition are you staying away from the movies this summer and has your credit card been canceled. Even though you pay your bills on time it's happening and consumers are finding out at the cash register consumer race and -- will join me in a moment but first this one the latest on the economy hoping to survive today's climate. Get everything you need to know in recession and recovery. Weekdays right here at marketwatch.com. On the -- Wall Street getting a chance to react to the latest earnings news from Wal-Mart we also hear from. Red Robin gourmet burger Nordstrom. Estee Lauder Elizabeth Arden. Briggs & Stratton blockbuster and AC Moore arts and crafts on the economic front investors also looking over the latest news on jobless claims and retail sales. On this date in business history stainless steel was invented bank in 1913."

" And Hollywood legend Alfred Hitchcock was born on this stage in 1899. I've saved this information of those and you can have everything to it. I would have reached the widest possible vote. He would die in 1908. Had he stayed away from the movies this summer does the economy have you rethinking plunking down ten dollars for a ticket. And another ten dollars or even fifteen dollars for food. Apparently it's happening a lot Tracy -- has."

" The story. This summer's big movies have been more busts than blockbuster. Made -- first billion dollar January. We had a great first quarter fast forward to the summer season though and Hollywood dot com box office analyst -- garabedian says it hasn't been so hot."

" Now we're dead even in terms of revenue were actually down verses last summer by 4% and attendance."

" And -- garabedian says it's partly the jokers -- kill the pac man a year ago the Dark Knight who."

" In the marketplace just. Breaking every record."

" It's made these comparisons very very tough they're garabedian says we are still using the multiply access a refuge from the recession by its going to be tougher than he expected to -- last year's box office record."

" they're predicting -- nine will be the first year we go over ten billion dollars."

" But you know we're gonna have to have great performances from films from now until the end of the year to make that come true."

" I'm Tracy Johnke from the newsroom at marketwatch.com. Some people are facing. Some bad news out there you have a job you have good credit -- trying to pay your credit card bills and other bills on time. Play go to the cash register and sorry eight. You don't have that credit card anymore it's been canceled. Consumer race and Cates is here to talk more about this so I guess this is a growing problem for many --"

" It is as you said it's it's not people who are delinquent or anything like that they've -- a lot of credit card issuers right now are taking a harder look at their customers. And in some cases there canceling the card now that the upshot here is that. That under the law they can just cancel your card and eventually. Get around to notifying you say you may have absolutely no idea that your credit card has been canceled. Until like you said you find out the hard way when it's declined when you're paying for something -- the store."

" Can you imagine you're going on an overseas trip somewhere. He's going to the hotel to check -- going to nice restaurant. You give your piece of plastic to of the guy in of."

" Are any situation and what if you're taking your family out a way of the year on -- and think your credit cards decline I wonder what this means if you pay."

" For an airline flight with a certain credit card and then Mac card is canceled between the time you make the order and he get on the plane -- that's a good question. The Senate's not valid anymore."

" But as you know a whole bunch of new regulations for credit card -- start to go into effect this month and will be implemented. Over the next few months but interestingly enough it is not illegal for credit cards to handle -- the credit card companies handle it this way if say they are allowed to cancel your credit. And then send you formal notification within X number of days and and and of course everyone reads those of formal notification that come in the."

" Nondescript envelope. Right man with thousands privacy notice -- every again yes and they have the super fine print and you just chalk it."

" Brian what a somebody's -- would become lost in the mail there's all kinds of of different ways for this information not to be communicated to you and once again the little guy gets."

" Gets impacted very ego gets impacted guest. That the banks for their part of course they say that during -- downturn that they've they've got to protect their bottom line to they need to keep in I had. On customers in some cases. Cards are closed because of the person has that you use and very much are they being completely inactive and other cases. They have a huge credit line and their only using a small portion of that banks are concerned that. That possibly there could be some some fraud somebody could steal your card really ring up big credit card bills and."

" Amazing isn't that that this is still going on in the age of email and telemarketing centers you would think that the credit card company would. Speed up the notification process -- people good paying people a tax payers out there who pay their bills. On time and have good credit histories. Are getting. Impacted impacted the -- Stick with it as an anchor it. Folks if you've gone through this process if you've had this happening you would have loved to hear from you or if he had some solutions for this problem. Give us you know give us a jingle sent us an email that. MarketWatch radio newsroom at Yahoo.com that's right MarketWatch radio newsroom at Yahoo.com we love to hear from you. But your name down there where you're writing from -- will read it to the class in a future show you can also follow us out there in the cyber world. On Twitter at MW radio and arm based look at MarketWatch honoring him network yes let's say that in unison market launch radio network yeah. Thanks and thank him."

" And this is bank to school season and just in time for that Sears and Disney are putting together. A multimedia. Campaign for shoppers. The campaign features Selena Gomez she's the star of Disney channel's Wizards of Waverly Place. The campaign includes a sweepstakes competition according to media week magazine. It's gonna run through August 23. If you like this podcast one not check out some of our other shows. We have Morning Stock Talk featuring the top Wall Street pundits out there. Recession and recovery looks into the latest trends out there for surviving today's climate. And there is of course the whole -- financial finals. Watchdog mark Colbert shatters conventional wisdom on Wall Street left and right each and every week. Look for those at marketwatch.com. Slash podcast or on iTunes. I'm John -- until next time CNN."