Marketplace Morning Report for Tuesday, June 29, 2010

Segments From This Episode

• How BP’s woes might hurt the market

  by Marketplace Staff

  The center of Tropical Storm Alex is not expected to pass near the site of BP's leaking oil well in the Gulf of Mexico. But it could delay oil collection efforts, and that could be bad news for the company's financial health.

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• ‘Debt will cause another crisis’

  by Marketplace Staff

  Henry Blodget, editor-in-chief of The Business Insider, talks with Bill Radke about why he believes that even with the new proposed financial reform measures we are at risk for another global crisis.

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• Unions cry foul over benefit cuts

  by Mitchell Hartman

  A fight's brewing in Baltimore over efforts to cut pensions for cops and firefighters. It mirrors similar struggles across the U.S. As local governments try to balance their budgets, retiree benefits are a juicy target. Mitchell Hartman reports that doesn't sit well with public-employee unions.

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• More Greek strikes may hurt tourism

  Greek unions are staging their fifth general strike of the year. The 24-hour stoppage has hit the country's largest port, raising fears about Greece's most important industry. Stephen Beard reports.

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• Drug gangs moved money via Wachovia

  by Marketplace Staff

  Mike Smith, Latin America correspondent for Bloomberg Markets magazine, talks with Steve Chiotakis about an article he wrote that reveals which U.S. banks helped move money to drug cartels in Mexico.

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• Google takes steps to stay in China

  by Scott Tong

  Google will stop automatically rerouting users of its China search site to its Hong Kong site. Google's license to do business in China expires tomorrow and Beijing was threatening not to renew it. What does the move mean?

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• China, Taiwan sign historic trade pact

  by Chris Hogg

  China and Taiwan signed a trade deal that Taiwanese officials call the most important development in their relationship in more than 60 years. The deal gives access to each other's markets, but it's also a big political step for China.

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• Why single-family home prices rose

  by Marketplace Staff

  Juli Niemann at Smith, Moore & Company talks with Bill Radke about why single-family home prices came up unexpectedly in the latest report from Standard & Poor's and Case-Shiller.

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