Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Friday, May 18, 2012

Happy Facebook IPO Day! The company priced its IPO yesterday at $38 a share, for a market valuation of $104 billion. But just exactly how is Facebook going to live up to that market cap? On the table at the House of Representatives are big budget cuts for the military; one of the casualties of defense budget cutting is the $45 million Technology Innovation Program. The U.S. Commerce Department has announced steep tariffs on solar panels from China. And this year, the cost of going to prom is a bit higher than usual.

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A worker cleans solar panels at a solar photovoltaic power station in Xining of Qinghai Province, China.
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German Chancellor Angela Merkel and French President Francois Hollande depart after speaking to the media following talks at the Chancellery hours after Hollande's inauguration in Paris on May 15, 2012 in Berlin, Germany.
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Students protest hikes in tuition outside Le Victorin Hotel where the Quebec Prime Minister Jean Charest was giving a speech May 4, 2012 at the annual Liberal Convention in Victoriaville, Quebec, Canada.
ROGERIO BARBOSA/AFP/GettyImages

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About the Show

Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.