Jun 6, 2011

Marketplace Morning Report for Monday, June 6, 2011

Segments From this episode

Horse virus threatens cutting season

by Stacey Vanek Smith

Jun 6, 2011

Horse cutting awards about $40 million in prizes each year, but a virus threatens to shut down this season's events.

A man trains his horse along the San Gabriel River on July 10, 2004 near the Los Angeles, Calif.

David McNew/Getty Images

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Douglas Holtz-Eakin on spending cuts and the debt ceiling

by Marketplace Staff

Jun 6, 2011

The president of the American Action Forum discusses why spending cuts and tax reform are necessary to resolve the coming budget crisis.

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McDonald's apologizes for the quality of its coffee

by Marketplace Staff

Jun 6, 2011

The Australian branch of the fast food giant has conceded that its coffee is not up to scratch, and has announced plans for better blends and barista training to improve the standard of its brew.

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High oil prices, global crises drive down airline profits

by Stephen Beard

Jun 6, 2011

The International Air Transport Association has cut its airline industry forecast for 2011, citing unrest in North Africa, the tsunami in Japan, and rising oil prices.

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Coal mining fuels unrest in China's Inner Mongolia

by Rob Schmitz

Jun 6, 2011

Last week, the Chinese government revamped standards and practices for coal mining in Inner Mongolia, in an attempt to calm local anger over possible environmental damage.

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Teen job seekers face cruel summer

by Tracey Samuelson

Jun 6, 2011

However slowly, the economy is creating jobs. But not for teenagers, and that's frustrating for many now that school's out for summer.

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ESPN a big selling point in bid for Olympic TV rights

by Jennifer Collins

Jun 6, 2011

TV executives are gathering in Switzerland today to bid for the rights to broadcast the next two Olympic games -- Russia in 2014 and Brazil in 2016.

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BBC World Service

IMF approves $3 billion loan for Egypt

by Jon Leyne

Jun 6, 2011

The International Monetary Fund has agreed to help Egypt pay down its deficit in the wake of the pro-democracy movement -- but the new government will also use the money to boost social spending.

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U.S. banks at risk in European defaults

by Amy Scott

Jun 6, 2011

A study released by the Bank for International Settlements says U.S. banks are the very exposed to the economic woes of Greece, Portugal and Ireland.

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Wall Street's preferred deficit cuts: short-term gain with long-term pain

by Marketplace Staff

Jun 6, 2011

Julia Coronado, chief economist at the investment bank BNP Paribas, discusses what kinds of spending cuts would benefit the markets.

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Iran: 'There is no need to increase OPEC production'

by Marketplace Staff

Jun 6, 2011

The Organization of Petroleum Exporting Countries is slated to begin output policy talks on Wednesday. Jim Ritterbusch, of Ritterbusch and Associates, explains.