Marketplace Morning Report for Wednesday, July 22, 2009

Episode Description 
Marketplace Morning Report for Wednesday, July 22, 2009

Finding balance in the bank earnings

Morgan Stanley says it lost a billion, while Wells Fargo made billions. Confused yet? Bill Radke goes deeper into bank earnings with banking analyst Karen Shaw Petrou at Federal Financial Analytics.
Posted In: Investing, Wall Street

Bernanke wants consumer protection

Fed Chairman Ben Bernanke continues his hearing with the Senate Banking Committee. Marketplace's Amy Scott reviews his testimony with Bill Radke, including his suggestion that the Fed's role should expand to include consumer protection.

Congress against rushing health care

President Obama will address health care tonight during prime time. Is he rushing the reform process or is it going too slow? Steve Chiotakis hears more from Bradley Herring, a health economist at Johns Hopkins University.
Posted In: Health

And now for some bank losses

Morgan Stanley reported a tough second quarter this morning with a loss of more than $1.2 billion. Weren't the banks just doing better? Steve Chiotakis talks to Doug Foreman from Highmark Capital.
Posted In: Wall Street

Opium doesn't need to be high priority

The White House wants to cork the opium trade in Afghanistan by paying farmers not to grow it. Is this realistic? Bill Radke talks to Jacob Townsend with the United Nations office on Drugs and Crime in Kabul.
Posted In: Agriculture, Crime

Food discounts aren't bringing profits

American restaurant chains are trying to lure customers with food discounts, but it doesn't seem to be working. Analysts say the move is hurting their bottom line. Bill Radke talks to professor Kit Yarrow at Golden Gate University.
Posted In: Food, Retail

No risk, no reward for Morgan Stanley

Analysts expect Morgan Stanley to report that it lost more than $500 million last quarter. The firm is paying for its decision to take a more conservative approach while others made more risky bets on the markets. Alisa Roth reports.
Posted In: Investing, Wall Street

Cadbury sweet on Fair Trade farmers

Cadbury ships around 300 million Dairy Milk bars annually. Now, the U.K.'s top-selling chocolate bar will also come with a guarantee that the company is getting its cocoa from farmers protected by Fair Trade. Stephen Beard reports.
Posted In: Food

No silver lining for small businesses

The National Small Business Association releases its mid-year survey today, and everything from revenue to number of employees on payroll has gotten worse since December. Mitchell Hartman looks at what's challenging small businesses now.
Posted In: Entrepreneurship

Credit card arbitrators feeling unsettled

Two firms that provide arbitration for credit card and cell phone companies are reportedly saying they'll stop taking cases after a lawsuit accused one firm of wrongdoing. Steve Chiotakis gets more details from Marketplace's Amy Scott.
Posted In: Retail

Huge IPO reflects China's market

A state-owned Chinese construction company is raising around $7 billion in the world's biggest public offering since last year. With China's market up 75 percent, some view this as a bounce-back from recession. Scott Tong reports.
Posted In: Investing, Wall Street

Indian CEOs don't mess with eclipse

India's culture is very sensitive to the effect the cosmos can have on business decisions. So as a solar eclipse blocked out the sun today in many parts of Asia, business leaders proceeded with caution. Raymond Thibodeaux reports.

Music from this show

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Chocolate (Revised Album Version)
Snow Patrol
Crimewave (Crystal Castles VS Health)
Crystal Castles