05/03/10
Marketplace Morning Report for Monday, May 3, 2010
Episode Description:
Marketplace Morning Report for Monday, May 3, 2010
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Oil spill could darken economy
Experts are estimating the damages of the BP oil spill will cost upwards of the tens of billions. This could throw a cog in the U.S. economic recovery. Steve Chiotakis gets an in-depth analysis from David Kotok of Cumberland Advisors.
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Deeper into financial reform legislation
Fortune Magazine's Allan Sloan talks to Steve Chiotakis about some of his ideas for financial reform.
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Bailout averts Greece default for now
Between International Monetary Fund and help from other European countries, Greece's rescue package will come to around $146 billion in loans. But the country still has to make serious changes. Steve Chiotakis talks to Marketplace's Stephen Beard.
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Senators, Wall St. head to fundraiser
New York Senator Kirsten Gillibrand and others up for re-election will be heading to a New York fundraiser attended by a lot of Wall Street names. Jeremy Hobson reports.
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United, Continental officially merging
The merger of the two carriers will create the world's largest airline in a deal worth over $3 billion. Brett Neely reports.
2
Beijing enforces one home per family
In an effort to curb the runaway property market, families in Beijing are now only allowed to own one home. The rule targets wealthy Chinese home flippers and tweaks the homebuying process. Scott Tong reports.
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Financial reformers go anti-bank
The Senate visits financial reform this week, and some reformers are justifying calls for a radical restructuring of the nation's banking system by using anti-bank sentiment. John Dimsdale reports.
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