06/28/11
Marketplace Morning Report for Tuesday, June 28, 2011
Episode Description:
Marketplace Morning Report for Tuesday, June 28, 2011
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California's new budget deal relies on strong economy, $4 billion in extra income
Bob Ward, deputy director of the Rockefeller Institute, explains California's newly proposed budget deal that relies heavily on future tax revenues. But are lawmakers too optimistic about the future?
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U.S. retailers look for opportunities in India
U.S. Treasury Secretary Timothy Geithner is urging India to push ahead with reforms, particularly in the finance sector, to encourage economic ties between the two countries.
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Optimism in the housing market
Juli Niemann, analyst with Smith Moore and Company, takes a look at today's S&P/Case-Shiller index, and explains why she's "slightly" optimistic about the housing market.
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States take different paths to reach budget goals
Tracy Gordon, visiting fellow at the Brookings Institution, explains how many states are facing budget shortfalls as they reach the end of the current fiscal year.
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New Jersey asks JPMorgan for a $2.25 billion loan
Garden State officials are negotiating a temporary bank loan with JPMorgan to cover a revenue gap in the new fiscal year. But is it normal for a state to seek a loan like this?
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Israeli blockade upheld at Gaza border
Egypt recently opened the Rafah Gate along its Gaza border to limited access, but Israel is continuing to restrict imports and exports.
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Spain could be too big to bailout
With an unemployment rate of over 20 percent, and many citizens protesting new wage and budget cuts, many investors have labeled Spain as one of the weaker European economies to watch out for.
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Which city accounts for the greatest share of the global economy?
The Globalist's Stephan Richter administers his latest quiz, this time on the metro area that accounts for the greatest share of global GDP.
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Avastin could lose FDA approval
In an unprecedented public hearing at the FDA, the drug Avastin could lose its approval for treatment of breast cancer.
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Microsoft expected to unveil its own cloud service
Microsoft CEO Steve Ballmer is expected to introduce Office 365, the latest computing service entering the 'cloud.'
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