05/31/11
Marketplace Morning Report for Tuesday, May 31, 2011
Episode Description:
Marketplace Morning Report for Tuesday, May 31, 2011
0
Report: John Bryson to be named Commerce Secretary by Obama
President Barack Obama is expected to nominate the former chairman and CEO of Edison International John Bryson as the next commerce secretary. The president will make a formal announcement later today.
2
Home prices relapse to pre-housing bubble levels
May 31, 2011
News today from the Case-Shiller home-price index says home prices in the nation's largest cities plunged to new depths in March. The index says these are the worst housing numbers since the Great Recession.
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Home-price index hits new lows
May 31, 2011
According to the S&P/Case-Shiller index, home prices dropped in March to the lowest levels since 2003. Juli Niemann, analyst with Smith Moore and Company, explains.
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Coca-Cola, Adidas express concerns over FIFA bribery allegations
Leaders of soccer's governing body have been accused of accepting bribes before deciding which countries should host the Soccer World Cup. That has big sponsors asking some tough questions.
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Weak U.S. growth tied to Japan
May 31, 2011
Rod Smyth, chief investment strategist at Riverfront Investment Group, explains how the anemic economic growth in the U.S. is connected to the aftermath of the earthquake and tsunami in Japan.
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AT&T-T-Mobile merger faces potential opposition
If the merger is approved, AT&T and T-Mobile will form the largest carrier in the cell phone service market. While some customers may be pleased by the better coverage the two can provide, others -- like competitor Sprint -- are not as happy.
1
Without nuclear, where will Germany get its power?
Following the disaster at Japan's Fukushima nuclear plant, many countries reconsidered their stance on the safety of nuclear energy. Today, Germany announced plans plans to abandon nuclear energy altogether in the next 11 years. But without nuclear technology, will Germany be able to produce green energy?
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The myth of Wall Street's 'Summer Rally'
May 31, 2011
As everyone wraps up their Memorial Day celebrations, and brokers make their way back from the Hamptons to Wall Street, many analysts turn their eyes towards Wall Street's "Summer Rally." But Fortune magazine's Allan Sloan says it's less of a rally and more of a myth.
2
Germany announces plan to ditch nuclear power by 2022
May 31, 2011
German Chancellor Angela Merkel has endorsed an initiative to shut down its nuclear power plants by 2022. The move underscores growing concerns following the events at Japan's Fukishima nuclear power plant.
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China's stock market advances after 8 straight losing days
The Shanghai Composite is looking up today with a 1 percent gain, but investors are now concerned China's interest rates may be on the rise again.
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Supply chain disruptions affect car industries more than tech sector
Since the natural disasters in Japan, many global markets have been hit by shortages in the supply chain, particularly companies with factories in Japan. But some industries have been hit harder than others.
2
Fed to wind down its bond buying
The Federal Reserve's $600 billion program to buy Treasury bonds comes to an end this month. How will financial markets react?
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