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This is the KGOU AM NewsBrief for Friday, Jan. 12, 2024

How long will the Bernanke Bounce last? We'll look at how Tuesday's interest rate cut by the Federal Reserve Board might affect inflation and home prices. And we'll gauge the response from overseas stock markets.

The United Auto Workers pick General Motors as lead labor negotiator as Detroit car companies approach a new four-year contract. GM rivals Ford and Chrysler agreed with the union to extend the current contract until a new deal can be worked out.

The Senate's new plan to battle the housing crisis includes tax breaks for homebuilders and tax credits to those buying foreclosed homes. It includes little helping for people who are facing foreclosure, however.

Walt Disney Co. shareholders hold their annual meeting in Minneapolis. NPR's Madeleine Brand talks with Tess Vigeland of Marketplace about the future of the company.

NPR's Madeleine Brand talks to Tess Vigeland of Marketplace about Google's long-awaited initial public offering, the number of shares the search engine company plans to sell, and for how much.

Despite predictions of a slowdown in the real estate market, U.S. housing prices continue to skyrocket. John Dimsdale of Marketplace says part of the reason may be that Americans are buying second homes in record numbers.

The Senate is moving quickly on a bill that would make it harder for some people to declare bankruptcy, but many Democrats worry the legislation may hurt low-income and middle-class Americans. Matthew Algeo of Marketplace reports.

A U.S. Appeals Court hears arguments today on the illegal recording of television programs. The FCC wants to prevent illegal copying, but it's facing plenty of opposition. Matthew Algeo of Marketplace reports.

The Oklahoma Department of Corrections plans to purchase the Lawton Correctional Facility and take over operations by July 25.

Worried about your tomatoes and spinach? The Bush administration is asking Congress to give the Food and Drug Administration an additional $275 million in next year's budget to improve the safety of the nation's food supply. With the added money the FDA would open offices in China, India and Central America to provide more inspections of food and medical products.

Using search and app data, combined with third-party credit card records, Google can link online ad viewing to purchases at physical stores. User privacy may be at risk, an advocacy group says.