Marketplace Morning Report for Tuesday, May 31, 2011

Episode Description 
Marketplace Morning Report for Tuesday, May 31, 2011

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.

Home prices relapse to pre-housing bubble levels

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.
Posted In: Housing

Home-price index hits new lows

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.
Posted In: Housing

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.
Posted In: Sports

Weak U.S. growth tied to Japan

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.
Posted In: Auto

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.
Posted In: Mergers and Acquisitions

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?
Posted In: Environment

The myth of Wall Street's 'Summer Rally'

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.
Posted In: Wall Street

Germany announces plan to ditch nuclear power by 2022

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.
Posted In: Environment

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.
Posted In: China

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.
Posted In: Auto

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?
Posted In: The Federal Reserve

Music from this show

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Caleidoscopic Gaze
If 6 Was 8
Fast As You Can (Album Version)
Fiona Apple

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