Now Playing: 07-31-12 Marketplace Mid-day Update

Some earnings news: BP reported a sharp fall in profits while Pfizer's quarterly earnings are higher than expected. The government said household income jumped a half percent, but consumer spending fell by a tenth of a percent. American Enterprise Institute President Arthur Brooks talks inequality. India is dealing with a major blackout. And an Olympic round-up: NBC spoiled Missy Franklin's gold medal win before her race aired in primetime last night, some Olympic athletes are headed for Wall Street, and we talk with Clyde Drexler from 1992's Dream Team on how basketball has changed.