Monday's Bloomberg Market Report

By: Deborah Kostroun Email
By: Deborah Kostroun Email

Here are the headlines from Monday's Bloomberg Market Report.

The markets were closed Monday for the Martin Luther King, Junior holiday, but a new report says Dr. King's dream of economic equality is not being realized as social wealth disparities persist. United for a Fair Economy says the recent recession has significantly affected people of color, with the average Caucasian family being significantly wealthier than the average African American or Latino family. The study also found that overall economic wellbeing for African Americans and Latinos are more heavily affected by the housing market.

The American Journal of Public Health says nearly 50 percent of Americans support a potential federal mandate to reduce the amount of nicotine in cigarettes. The proposal is expected to be opposed by the billion dollar tobacco industry.

The Commerce Department said it will investigate whether seven nations, including Thailand and Vietnam, subsidized over $4 billion in annual U.S. imports of shrimp; the most popular American seafood.

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