Marketplace Morning Report for Wednesday, May 2, 2012

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President Obama said last night during his speech in Kabul, Afghanistan that the goal is for Afghan forces to lead combat operations by next year. Here in this country we'll get some indication this morning of how the housing market is doing. Another way to gauge the health of the housing market, of course, is to check one of those websites like Zillow or Trulia. Executives from the online TV site Hulu are in New York today -- along with their counterparts from Yahoo, Youtube and AOL -- selling their content to advertisers. Elsewhere in New York, the painting known as The Scream goes on auction at Sotheby's.
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How Occupy could affect this election year... and beyond

Protesters were out in force in several cities yesterday, demanding an end to income inequality. Many of the rallies were allied with the Occupy movement and therefore, there weren't a lot of politicians involved. Even those political leaders who agree with Occupy demonstrators have kept an arms length so far.
Posted In: Wealth and Poverty
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Facebook IPO date draws nearer

The social media company Facebook is expected to sell its stock publically sometime this month and would likely be valued by the stock market something like $100 billion. It could start officially selling stock on May 18th.
Posted In: Facebook, IPO, Mark Zuckerberg
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Dow flying high despite other poor economic indicators

The Dow closed near its highest level in about four years yesterday, but how can that be when there are so many other economic indicators recently that don’t look so great?
Posted In: stock market, Dow, NASDAQ
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Herbalife suffers after David Einhorn asks questions

You may not take a diet or nutritional supplement made by the company Herbalife, but you might want to watch its stock today, which is rebounding at the moment. But Tuesday, shareholders lost $1.6 billion, all because one activist investor asked a few questions.
Posted In: Herbalife, investors, David Einhorn
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A new era for the L.A. Dodgers

The Los Angeles Dodgers baseball team is officially under new ownership now, ending Frank McCourt's reign. But he's not completely off the payroll yet.
Posted In: Sports, Dodgers, MLB, baseball
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PODCAST: Closer to a Facebook IPO, cloudier on an employment recover

President Obama said last night during his speech in Kabul, Afghanistan that the goal is for Afghan forces to lead combat operations by next year. Here in this country we'll get some indication this morning of how the housing market is doing. Another way to gauge the health of the housing market, of course, is to check one of those websites like Zillow or Trulia. Executives from the online TV site Hulu are in New York today -- along with their counterparts from Yahoo, Youtube and AOL -- selling their content to advertisers. Elsewhere in New York, the painting known as The Scream goes on auction at Sotheby's.
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The brain chemical that could make you a better worker

So we all know that some people are more motivated to work hard than others -- whether in school or at the office. But now, a new clue as to why that could be the case.
Posted In: Jobs, psychology, dopamine
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Students on hunger strike to protest fee hikes

Students begin a hunger strike today to protest fee hikes at California State Universities. The fee hikes are not just in California.
Posted In: Cal State University, college, college tuition
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Why Hulu may not always be free

Services like Hulu want revenue, but it's moving toward relying on viewers -- in addition to advertisers -- to pay. The new model may mean that consumers may not be able to cut their cable cord quite yet.
Posted In: Entertainment, hulu, tv
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Real estate agents bristle at online listings

Zillow, Trulia and other sites contain inaccuracies that skew the market, real estate agents say. Some are pulling their online listings.
Posted In: Housing, real estate
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The pop culture bump of 'The Scream'

The Edward Munch painting goes on sale today, and is expected to fetch upwards of $80 million. The century-old painting has found continued relevance in pop culture.
Posted In: art, The Scream, painting
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President Obama speaks on Afghanistan drawdown

America's role in the war in Afghanistan is winding down, according to President Obama, who gave a speech in Kabul, Afghanistan last night.
Posted In: Barack Obama, government spending, afghanistan
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Should European banks keep more cash in reserves?

European finance ministers are meeting today about how much money banks should have around in case of emergency. Banks argue the more that's set aside the less they have to lend and invest.
Posted In: Europe debt crisis, banking

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