Marketplace Morning Report for Friday, July 9, 2010

Episode Description 
Marketplace Morning Report for Friday, July 9, 2010

Rich more likely to walk from homes

Reporter Nancy Marshall Genzer talks with Stacey Vanek-Smith about why the wealthy are more likely to walk away from their homes than other people.
Posted In: Housing

EADS bids on building Air Force crafts

Europe correspondent Stephen Beard talks with Steve Chiotakis about EADS' proposal to build expensive aircraft for the U.S. Air Force, the latest move in a bitter dispute over a $35 billion military contract.
Posted In: Airlines

Google's 'confident' it'll stay in China

Google CEO Eric Schmidt now says he's "confident" China will all the company to keep operating in China. So if you're keeping score: First the company pulled its search engine out of China. Then it sought to keep its license to operate in the country. Scott Tong reports.
Posted In: Internet

Is more regulation the answer?

Former Labor Secretary Robert Reich talks with Steve Chiotakis about why deregulation has had some benefits and drawbacks, and whether we're headed for a new era of regulation.

SF delays vote on banning pet sales

San Franciscans argued late into the night about whether to ban the sale of all pets -- except fish -- in the city limits. After five hours of heated testimony, the city's Commission on Animal Control and Welfare decided to delay a vote on the issue. April Dembosky reports.

A look at a strange week on Wall Street

Chris Low, chief economist with FTN Financial, talks with Stacey Vanek-Smith about how we're transitioning from a recovery to an expansion, and how the economy is doing.

Will oil well partners help pay for spill?

BP has said it will pay for the oil disaster in the Gulf. And it's asking two partners to help. Anadarko Petroleum and Mitsui Oil Exploration own 35% the destroyed well. And BP contends they're liable for 35% of the costs. Krissy Clark reports the companies aren't necessarily reaching for their checkbooks.
Posted In: Oil

An ode to Ford's Mercury line

The clock is ticking on Ford's Mercury line. The automaker announced it would end production of Mercurys later this year. Contributor Hank Rosenfeld reflects on the car, which helped make him who he is.
Posted In: Auto

Why the yuan's value matters to U.S.

The Obama administration has stopped short of calling China a currency manipulator. The Treasury Department issued the report on China's currency yesterday. Reporter Nancy Marshall Genzer talks the details with Stacey Vanek-Smith.