Marketplace Morning Report for Friday, May 4, 2012

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In the U.K., voters delivered big losses to the ruling Conservative party yesterday. This weekend, voters in both France and Greece will go to the polls and the expectation is that they'll be in a bit of an anti-austerity mood. Are 401(k)s really the right ticket to a happy retirement? The movie "The Avengers" opens in the U.S. today -- but it has already brought in more than $250 million around the world. And tomorrow is the 138th Kentucky Derby. Horse raising is a multi-billion dollar business, and a growing percentage of that money is being spent on cutting-edge veterinary care.

French election outcome might not deliver

If, as expected, socialist Francois Hollande is elected the next president of France this weekend, to what extent will budget realities crimp his ability to ease off the austerity that he believes is hurting the economy?
Posted In: Europe debt crisis, Francois Hollande, France

Omaha steakhouse owner on what Warren Buffett does for business

People are arriving in Omaha now for that "Woodstock of Capitalism," the annual meeting of Berkshire Hathaway, billionaire Warren Buffett's conglomerate. The official materials recommend two steakhouses for visiting shareholders.
Posted In: Warren Buffett, Berkshire Hathaway, steak, restaurants

Behind the numbers of Facebook's IPO filing

Facebook has set its valuation at $76 billion to $96 billion, and shares will be at $28 to $35 each. What does this tell us about the company and about CEO Mark Zuckerberg?
Posted In: Facebook, IPO, Mark Zuckerberg

115,000 jobs added in April, unemployment falls to 8.1%

The government released its closely-watched employment report for April. While the unemployment rate ticked down to 8.1 percent, only 115,000 new jobs were added to payrolls for the month, well below forecasts.
Posted In: Unemployment, Jobs, Labor Department

More on the April jobs report

The unemployment rate fell to 8.1 percent while the jobs added was a bit lower than previous months. But what can we find when we scratch the surface of the April unemployment report?
Posted In: Jobs, Unemployment

Krueger: Job market recovering, more work remains

Alan Krueger, chair of the President's Council of Economic Advisers, discusses the latest jobs report and whether the numbers for April are mediocre.
Posted In: Jobs, employment

PODCAST: Facebook IPO numbers out, Ikea in hot water

In the U.K., voters delivered big losses to the ruling Conservative party yesterday. This weekend, voters in both France and Greece will go to the polls and the expectation is that they'll be in a bit of an anti-austerity mood. Are 401(k)s really the right ticket to a happy retirement? The movie "The Avengers" opens in the U.S. today -- but it has already brought in more than $250 million around the world. And tomorrow is the 138th Kentucky Derby. Horse raising is a multi-billion dollar business, and a growing percentage of that money is being spent on cutting-edge veterinary care.

Hollywood movies open abroad, then come home

"The Avengers" is expected to be a big hit this weekend. It’s already garnered more than $250 million overseas. Why didn’t it debut at home?
Posted In: Entertainment, film

Racehorses get advanced, and pricey, medical care

Want to win this weekend's Kentucky Derby? Start with a fast horse, then add a pile of cash for medical expenses.
Posted In: horse racing, horse, Kentucky Derby

The best cities for cheapskates

Where are the best places in the U.S. for cheapskates to live?
Posted In: cities, cost of living

Conservative party suffers losses in U.K. elections

This weekend, voters in both France and Greece will go to the polls, and the expectation is that they'll be in a bit of an anti-austerity mood. One clue came yesterday in the U.K. where voters delivered big losses to the ruling Conservative party.
Posted In: U.K., elections, david cameron, austerity

Is the 401(k) still the best retirement plan?

Fidelity said this week that our 401(k) account balances were up 8 percent on average in the first quarter of this year. But the major stock market indexes were up even more than that. So are 401(k)s really the right ticket to a happy retirement?
Posted In: 401(k), retirement savings

Music from this show

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Sing
Four Tet
Bakerman (Soul Clap Remix)
Laid Back
Blips, Drips And Strips
Stereolab
Sutphin Boulevard
Blood Orange