Marketplace Morning Report for Friday, July 12, 2013

China and America discuss investing in each other's countries. The U.S.-Canada line is the longest international border in the world, but the American security budget for it is a sliver of the billions it spends along the southern border. And in France on Bastille Day this Sunday, what's there to celebrate?

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From this Episode

Tech

India taps out last telegram

By Rahul Tandon

July 12, 2013

Employees feed telegram messages onto computers to be sent via telegraph at a telecommunications office in Bangalore on June 13, 2013. — Manjunath Kiran/AFP/Getty Images

On Sunday, India's last official telegram will be sent from state owned telecom company BSNL, cutting the cord of an old technology that was the fastest way to communicate before landlines, mobile phones and email.

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World

China and America play nice, discuss foreign direct investment deal

By Rob Schmitz

July 12, 2013

President Barack Obama and Chinese President Xi Jinping take a walk at the Annenberg Retreat at Sunnylands in Rancho Mirage, California, on June 8, 2013. — JEWEL SAMAD/AFP/Getty Images

Cybersecurity and Edward Snowden received most of the attention at high-level U.S.-China talks this week. Also high on the agenda? Foreign direct investment.

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Economy

PODCAST: UPS on the downs, border patrol up north

By Mark Garrison

July 12, 2013

UPS profits: Alarming news comes next day air. Lawmakers look to shore up America's northern border. And states' refusal to expand Medicaid complicates health care for many uninsured.

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Economy

UPS profits: Alarming news comes next day air

By Mark Garrison

July 12, 2013

UPS is out this morning with a warning that its profits will be lower than expected. What does that signal for the rest of the economy?

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World

Edward Snowden's asylum hopes a hopscotch of connections

By Noel King

July 12, 2013

Edward Snowden, a 29-year-old former technical assistant for the CIA, revealed details of top-secret surveillance conducted by the United States' National Security Agency regarding telecom data. — The Guardian via Getty Images

Edward Snowden is believed to be holed up at Sheremetyevo Airport in Moscow, but he may be trying to figure out a way to get to Latin America, where he has been offered asylum by three countries.

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Business

Sharknado 2? More like Snakes on a Plane

By Mark Garrison

July 12, 2013

Syfy's 'Sharknado' made a splash on Twitter Thursday night, even actress Mia Farrow joined in. But when looking at the numbers the day after, the social media attention wasn't reflected in TV viewership.

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Health Care

States' refusal to expand Medicaid complicates health care for many uninsured

By Nancy Marshall-Genzer

July 12, 2013

21 states have refused to expand Medicaid as provided under the health care reform law.

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World

On Bastille Day, what's to celebrate?

By Christopher Werth

July 12, 2013

Cakes line a display case at a bakery in Paris. — Christopher Werth

The French Revolution -- and much of the France we know today -- was born at a time of economic crisis and famine.

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Business

Rising interest rates impacts banks

By Kate Davidson

July 12, 2013

A customer prepares to leave a Wells Fargo Bank branch office on July 12, 2012 in Daly City, Calif. — Justin Sullivan/Getty Images

As Wells Fargo and JPMorgan Chase kick off bank earnings season, it's a chance to see the effect rising interest rates are having on our nation's banks.

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World