Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Friday, May 18, 2012

Happy Facebook IPO Day! The company priced its IPO yesterday at $38 a share, for a market valuation of $104 billion. But just exactly how is Facebook going to live up to that market cap? On the table at the House of Representatives are big budget cuts for the military; one of the casualties of defense budget cutting is the $45 million Technology Innovation Program. The U.S. Commerce Department has announced steep tariffs on solar panels from China. And this year, the cost of going to prom is a bit higher than usual.

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A worker cleans solar panels at a solar photovoltaic power station in Xining of Qinghai Province, China.
China Photos/Getty Images
German Chancellor Angela Merkel and French President Francois Hollande depart after speaking to the media following talks at the Chancellery hours after Hollande's inauguration in Paris on May 15, 2012 in Berlin, Germany.
Sean Gallup/Getty Images
Students protest hikes in tuition outside Le Victorin Hotel where the Quebec Prime Minister Jean Charest was giving a speech May 4, 2012 at the annual Liberal Convention in Victoriaville, Quebec, Canada.

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About the Show

A lot happened while you slept. Marketplace Morning Report® host David Brancaccio explores the latest on markets, money, jobs and innovation, providing the context you need to make smart decisions. We've also launched a new series about how machines, robots and algorithms are increasingly entering the workforce. We're looking at what humans can do about it with a new journey to find robot-proof jobs. Read more here.