Marketplace Morning Report for Tuesday, June 28, 2011

Episode Description 
Marketplace Morning Report for Tuesday, June 28, 2011

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?

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.
Posted In: Retail

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.
Posted In: Housing

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.

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?
Posted In: Banks

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.

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.

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.

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.
Posted In: Health

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.'

Music from this show

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Baghdad Sun
Apollo Brown
The Ballad Of Speck And Pebble
Delicate Steve
Legal Man
Belle And Sebastian

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