05/24/11
Marketplace Morning Report for Tuesday, May 24, 2011
Episode Description:
Marketplace Morning Report for Tuesday, May 24, 2011
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World Bank unveils $6 billion for Egypt, Tunisia
The World Bank announced today that it will provide billions of dollars in aid for Egypt and Tunisia over the next two years. A chunk of the money will go to stabilizing budgets in the two countries.
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Defense Secretary Gates to outline Pentagon budget
Secretary Robert Gates is set to dictate Pentagon budget cuts before he ends his tenure at the Department of Defense. Michael O'Hanlon of the Brookings Institution explains.
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Is this the end of $3 a gallon?
Juli Niemann, analyst with Smith Moore and Company, takes a look at today's gas prices and price trends, and predicts the future of what we will pay at the pump.
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Ford may try to capitalize on Toyota's weakness
A panel created to review Toyota's operations released a report criticizing the company's lack of global oversight after millions of safety recalls. And Ford Motor said it will try to sell more cars in the Japanese domestic market.
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Biden will lead latest round of budget discussions
Vice President Joe Biden will lead continued bipartisan negotiations to raise the debt ceiling today. While the deal is still at least a few weeks away, the talks aim to avert a default on U.S. debt.
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Sarkozy hosts Internet summit
The world's most powerful Internet titans, including heads from Google, Facebook, and Microsoft, are meeting in Paris for a two-day summit hosted by French President Nicolas Sarkozy.
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The Globalist Quiz: Global gas prices
Stephan Richter, editor-in-chief at TheGlobalist.com, discusses which country has the highest gas price worldwide, and where the U.S. ranks out of 170 markets.
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Volcanic ash grounds flights in Europe
More than 250 flights have been cancelled after ash from an Icelandic volcano drifted over the northern U.K. While air traffic controllers are less likely to blanket-cancel flights this time, many airlines, including British Airways and Air France, are already taking a hit.
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Volkswagen returns to the U.S. to build cars
VW opens a $1 billion plant in Chattanooga, as it seeks to triple U.S. sales and outsell GM and Toyota globally.
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Delinquent government contractors
A Senate subcommittee hearing tomorrow finds government contractors who owe back taxes were still able to win contracts for government stimulus projects.
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Farmland defies the real estate doldrums
The price of farmland keeps rising along with global food demand. Is this a sign of a new type of real estate bubble?
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