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Feb 1, 2011

Marketplace Morning Report for Tuesday, February 1, 2011

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Segments From This Episode

BP pays dividends despite annual loss
BP announced a $5 billion loss last year — no surprise after the company dealt with the Gulf oil spill. But the numbers could have been much worse. As Stephen Beard explains, BP is actually paying a dividend to its shareholders for the first time since the spill.
Unrest in Egypt causes spike in wheat prices
by Scott Tong
As the protests continue in Egypt, the rest of the world prepares for major increases in the price of wheat. Egypt is one of the world's leading importers of wheat, and neighboring countries are putting in big grain orders to feed their people. Scott Tong reports.
Egypt’s food subsidy program is a ‘strategic national security’
by Steve Chiotakis
Protests continue in Cairo over high unemployment and high food prices. Steve Chiotakis speaks with Abdolreza Abbassian, senior economist at the UN's Food and Agriculture Organization, about Egypt's high price of food, and the nation's food subsidy program.
International focus turns to the Suez Canal
by Jeremy Hobson
Just 100 miles east of Cairo, the Suez Canal allows shipping routes a direct path between the Red Sea and the Mediterranean Sea. With protests continuing in Egypt, international markets continue to monitor the canal. Amy Myers Jaffe explains.
Jordan’s king fires cabinet, calls for political reform
by Dale Gavlak
It seems as though Egypt's unrest is spreading quickly. News this morning that the Palestinian government has announced plans for local council elections as soon as possible. And in Jordan King Abdullah fired his government and called for political reform.
Juli Niemann: When will we see price spikes at the gas pump
by Jeremy Hobson
Jeremy Hobson speaks with Juli Niemann at Smith Moore and Company in St. Louis about when and how the increase in oil prices will hit the gas pumps.
Factory activities rose in January
by Steve Chiotakis
We got word today from the Institute for Supply Management, factory activity rose last month. Economists had predicted the numbers would be flat so the positive reading kinda caught some analysts off-guard.
Canada considers dropping its penny
by Sean Cole
The Canadian Senate Finance Committee unveiled a report that recommended Canada get rid of its penny.
Creative businesses not snowed under
by Marketplace Staff
Many retail businesses — particularly restaurants — hope to avoid empty stores by offering snow day deals through social media and e-mail.
Striking down insurance mandate would gut health care reform
by Nancy Marshall-Genzer
It's becoming apparent that the mandate to buy health insurance will wind up going before the Supreme Court. That mandate is the lynchpin around which all the rest of the health care law resides.
Grease collectors spar over used cooking oil
by Marketplace Staff
Lawsuits and accusations of theft fly in battle over who has rights to used cooking oil from many Atlanta restaurants. The grease is increasingly re-sold to make alternative fuel.