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Jul 27, 2012

Marketplace Morning Report for Friday, July 27, 2012

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The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn't come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference -- a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue's thickest September issue since the financial crisis.

Segments From this episode

California Gov. Jerry Brown advocates for high-speed rail

Jul 27, 2012
The governor of the cash-strapped state recently signed a $8 million transportation bill. Watchers say it'll be a way for him to leave a lasting legacy.

Sponsors-only zone at London Olympic zone irks some

Jul 27, 2012
Only sponsoring companies may advertise within 1 kilometer of London’s Olympic Park. Strict policing of the restriction is angering some local firms.

Kevin Smith: A new kind of digital media mogul

Jul 27, 2012
Filmmaker Kevin Smith discusses his new Hulu podcast, "Spoilers," and how he found success in his new career of podcasting online.

Violence shakes Anaheim -- and its image

Jul 27, 2012
Police shooting, protests highlight poverty in Disneyland's hometown.

Computer hackers gather at Las Vegas convention

Jul 27, 2012
Computer hackers took over Las Vegas this week as part of the Black Hat conference. Black Hat is a gathering of hackers where they talk about the latest in security and security breaches.
Participants work on laptops on the first day of the 28th Chaos Communication Congress (28C3) - Behind Enemy Lines computer hacker conference on December 27, 2011 in Berlin, Germany.
Adam Berry/Getty Images

Vogue weighs in, literally, with September issue

Jul 27, 2012
Vogue's September issue has 658 pages of advertisements. What makes this fashion staple the Super Bowl of magazine editions?

Facebook reports slowdown in revenue growth

Jul 27, 2012
A lot of the earnings reports we've seen so far this week have been disappointing, including Facebook.

Airlines report profits as airfares remain high

Jul 27, 2012
If you are one of the brave souls traveling this summer you've surely noticed that airfares are soaring. And most of the major airlines are reporting healthy profits.

Commerce Department releases GDP numbers

Jul 27, 2012
The Commerce Department just announced Gross Domestic Product ticked up 1.5 percent in the second quarter -- that down from a growth rate of 2 percent in the first part of the year.

GDP growth slows to 1.5%

Jul 27, 2012
The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
Cargo containers are stacked on a ship docked at the Port of Oakland in California. Economic output in the United States hasn't caught up yet to pre-pandemic levels.
Justin Sullivan/Getty Images

Why companies take political, social stands

Jul 27, 2012
There's a lot of buzz this morning about Amazon.com CEO Jeff Bezos's decision to give $2.5 million to support a referendum that would legalize same-sex marriage. Meanwhile, Southern politicians have declared next Wednesday "Chick-Fil-A Appreciation Day" after the fast-food chain's president emphatically declared his opposition to gay marriage.

PODCAST: London Olympics takes off, GDP growth slows

Jul 27, 2012
The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn't come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference -- a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue's thickest September issue since the financial crisis.
Olympic fans pose at the entrance of Olympic Park before the opening ceremony of London Olympic Games on July 27, 2012 in London, England.
Feng Li/Getty Images

GDP growth beats expectations, still slow

Jul 27, 2012
Four times a year, the U.S. Department of Commerce serves up the big number that tells us how much we are producing as a country. U.S. second quarter GDP grew more than economists had expected. That doesn't make it good.

The London Olympics begin today, and the eleven big corporate sponsors of the event will begin to bask in the global limelight. All that basking doesn’t come cheap: All together, the sponsors have shelled out more than a billion dollars. Computer Hackers took over Las Vegas this week, as part of the Black Hat conference — a gathering of hackers where they talk about the latest in security and security breaches. And after several years of sluggish advertising, the glossies have just posted ad sales for their all important September issues and the numbers are looking fat. With 658 pages of ads, it will be Vogue’s thickest September issue since the financial crisis.

The team

Stephen Ryan Producer, BBC