Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Wednesday, August 15, 2012

The stock price of Standard Chartered Bank is up sharply this morning, after the British bank settled with New York State regulators for $340 million after allegations that it hid thousands of financial transactions with Iran. Wal-Mart reports its quarterly earnings this morning. The world's largest retailer has seen its stock rise sharply over the last three months -- good news for Wal-Mart, but not necessarily great news for the economy. And different parts of the country have experienced the housing collapse in different ways. But some places have a housing market that seems totally disconnected from the rest of the nation. Just ask the real estate agents in North Idaho.

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Economy
A digital wallet service. Wal-Mart is teaming up with other big retailers to offer a mobile payments network.
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World
Visitors walk by the former Palace of Apollo at the ancient archeological site of Delphi on August 2, 2012 in Delphi, Greece.
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About the Show

Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.