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Marketplace Morning Report for Thursday, May 10, 2012
May 10, 2012

Marketplace Morning Report for Thursday, May 10, 2012

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President Obama is counting on fundraising support from Hollywood tonight with Mitt Romney out-raising him on Wall Street. Obama made waves when he came out in support of gay marriage, but how do Americans feel about it? U.S. imports and exports have hit record levels. The construction of a new highway between Illinois and Indiana has some residents on edge. And following the crash of a new Russian aircraft in Indoensia, what's the state of its airline industry?

Segments From this episode

The future of workspace design

Kelly Bacon from TPG Architecture in New York discusses the latest trends in workspace design and what offices should do to create sophisticated work environments.
Kelly Bacon from TPG Architecture in New York discusses the latest trends in workspace design and what offices should do to create sophisticated work environments.
iStockPhoto

U.S. trade gap widens

May 10, 2012
The Commerce Department reported the U.S. bought a record amount goods from overseas in March. Meanwhile, U.S. companies sold a record amount of stuff overseas. All told, it adds up to a soaring trade gap.

PODCAST: Obama heads to Hollywood, Fed OKs Chinese bank moves

May 10, 2012
President Obama could raise as much as $15 million at a fundraiser in Hollywood. The fundraiser comes on the heels of his endorsement of gay marriage. We speak with Gallup's Frank Newport about how Americans feel about same-sex marriage. The Fed has approved three Chinese banks expanding into the U.S. And in other international news, we take a look at the ongoing woes in the eurozone, Russia's troubled aviation industry, and a territorial dispute between China and the Philippines.

China and the Philippines in territorial dispute

May 10, 2012
A disputed territory in the South China Sea is rich in oil and gas. China's tough stance reflects its growing military prowess.

Economic mobility tracked state by state

May 10, 2012
Moving up is more likely in some states; education levels may make a difference.

Credit card companies compete for mobile wallet business

May 10, 2012
Credit card companies already get a piece of the transaction when consumers use PayPal or Bango to make payments with mobile technology. But can they really compete in the new world of mobile payment?

Fed gives OK for 3 Chinese banks to expand in U.S.

May 10, 2012
How significant is this green light from the Federal Reserve and should U.S. banks worry?
ChinaFotoPress/Getty Images

New highway may leave Illinois homeowners in the dust

May 10, 2012
Lawmakers in Illinois are poised to take up a bill to hasten construction on a new expressway. But to get the land for the highway, lawmakers may use a controversial method known as quick-take power.

How do Americans feel about gay marriage?

May 10, 2012
According to recent Gallup data, Americans are split on legalized same-sex marriage. How might the issue play out among voters this election year?

How concerned should we be over Greece?

May 10, 2012
Greece still hasn't formed a new government. And there's a lot of talk about the nation leaving the eurozone. How likely is that?

What's next for Russia's aviation industry after plane crash?

May 10, 2012
One of Russia's passenger planes crashed into a volcano in Indonesia. Reporter Peter van Dyk discusses the implications of the crash.

President Obama returns to Hollywood

May 10, 2012
The president seeks more Hollywood cash now that GOP challenger Mitt Romney is cutting into his Wall Street donations.

President Obama is counting on fundraising support from Hollywood tonight with Mitt Romney out-raising him on Wall Street. Obama made waves when he came out in support of gay marriage, but how do Americans feel about it? U.S. imports and exports have hit record levels. The construction of a new highway between Illinois and Indiana has some residents on edge. And following the crash of a new Russian aircraft in Indoensia, what’s the state of its airline industry?