American Morning
Markets in Asia, Europe down after Dow plunges more than 500 points Thursday
This morning, markets across Asia and Europe are continuing the downward slide started by the Dow yesterday, which plunged more than 500 points Thursday.
Though many say that fear is propelling the market slump, others are worried the correction is an indication that the U.S. may be headed for a doube-dip recession. With jobs numbers scheduled to be released at 8:30am ET, how will the markets affect your money?
Matt McCall, Founder and President of Penn Financial Group, LLC discusses world markets and your money on American Morning today.
What you can do protect your personal finances if the U.S. defaults on its debt?
Politicians in Washington seemed no closer to reaching a deal on raising the debt ceiling and trimming the budget deficit yesterday, sparking a recent sell-off in the market and causing stocks to drop as worries continue to increase that a solution will not be reached by August 2nd.
For average Americans worried about their investments and their 401k, this situation is bringing back frightening reminders of 2008.
Today on American Morning, Leigh Gallagher, assistant managing editor for Fortune Magazine, joins Ali Velshi to break down what you can do protect your personal finances if the U.S. defaults on its debt.
Doc makes more cash selling clothes on eBay
CNN Senior Correspondent
HIAWATHA, Iowa (CNN) - As Dr. Jennifer Lickteig examines patients at the Linn Community Care Health Center in Cedar Rapids, Iowa, she's also earning money from a second career that has nothing to do with medicine.
[cnn-photo-caption image= http://i.l.cnn.net/cnn/2009/LIVING/worklife/10/07/mainstreet.ebay.doctor/art.ebay.doc.cnn.jpg caption="Dr. Jennifer Lickteig started her online clothing business while taking time off from medicine to raise her family. "]
Lickteig runs a clothing store on eBay, where she's a "Gold PowerSeller," ranking among the top 1½ percent of merchants on the online marketplace.
The 35-year-old family practitioner says she earned $120,000 last year on eBay, more than she did practicing medicine.
"It's just kind of this thrill," she said. "It think it's the thrill of having built up this business and just done it myself. I don't have to get an MBA. I don't have to have a storefront."
As health care reform threatens to shake up the business of medicine, recruiting firms promote alternatives for doctors at pharmaceutical, biotechnology, insurance and investment banking firms. But eBay?
Lickteig was juggling medicine with mothering her two boys when she became pregnant with twin girls. Once Natalie and Melanie arrived, Lickteig had to take time out from her practice.
Between feeding and changing her genetically identical daughters, Lickteig was online, discovering that she had the genes of a businesswoman - a trait that had been hiding behind her medical degree.
Bad credit = No small biz loan
Want to create jobs? One North Carolina restaurant owner says send some stimulus money his way and he'd create 50 jobs within three months. He just needs a loan.
But it's a new, tougher world out there. Entrepreneurs who want to expand their businesses are running into walls trying to get credit.
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