Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Wednesday, August 1, 2012

A federal housing regulator is rejecting a White House plan to help borrowers who are underwater on their mortgages. There are about 11 million people in that category. The power is coming back on this morning in India after yesterday's huge blackout, blamed in part on rising demand for electricity in one of the world's fastest growing economies. But in China, a blackout like this would be unthinkable. And there's more sun and heat in the forecast for St. Louis -- not great for a region that's in the midst of the worst drought in decades. The drought is now shrinking the shipping lanes in the Mississippi River.

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Economy
Sailboat 'Intrepid' of U.S. Zac Sunderland crosses the Miraflores locks in the Panama Canal on May 19, 2009.
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Business
Saab vehicles sits on the lot in the dealership on February 20, 2009 in Miami, Fla.
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Economy
Occupy protesters carry a banner as they march to a foreclosed home that they are going to re-occupy on December 6, 2011 in Oakland, Calif.
Justin Sullivan/Getty Images

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About the Show

A lot happened while you slept. Marketplace Morning Report® host David Brancaccio explores the latest on markets, money, jobs and innovation, providing the context you need to make smart decisions.