Markets spike on Egypt's sharp turn

Egyptian opposition protesters and officers of the Egyptian Republican Guard celebrate at the gates of the Republican Guard headquarters in a suburb of Nasr City.

Egypt's military chief announced Wednesday that President Mohammed Morsi had been deposed, after days of mass demonstrations against him. On Thursday, Supreme Constitutional Court Chief Justice Mansour Adly was sworn in as Egypt's interim president.

So where does the Egyptian economy stand? Reporter Kimberly Adams joins Marketplace Morning Report host David Brancaccio from Cairo with the latest.

The AP contributed to this report.

About the author

Kimberly is a DC-based reporter for Marketplace. She previously worked as a freelance journalist based in Cairo, Egypt, covering the political, social, and economic upheaval in the country following the Arab Spring. Her work has been recognized with awards from the National Association of Black Journalists, the Religion Communicators Council, and the Association for Women in Communication.

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