Now Playing: 05-07-12 Marketplace Morning Report

All eyes are on Europe this morning after voters in France's presidential run-off election delivered a victory to Socialist candidate Francois Hollande over incumbent Nicolas Sarkozy. The win is the latest signal in Europe that voters are turning against harsh austerity measures aimed at curbing the European debt crisis, and the politicians who supported them. Also on the program, Hollywood might be coming to the aid of California's State Parks Foundation to prevent up to a quarter of the state's parks from closing - and cutting off access to filming. And a new budget battle commences in the U.S. Congress this week as law makers consider two bills that will make dramatic cuts in social safety net programs to prevent further cuts in defense spending