Jun 11, 2012

Marketplace Morning Report for Monday, June 11, 2012

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Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is:…

Segments From this episode

App developers vie for Apple customers

Jun 11, 2012
The Apple Worldwide Developers Conference kicks off in San Francisco today, analysts expect newly designed laptops, perhaps a new Apple TV, and an updated operating system for mobile devices.

Spain's bailout: Good idea or moral hazard?

Jun 11, 2012
Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?

What does the middle class look like?

Jun 11, 2012
As part of our ongoing middle class photo project, we followed up with a listener who told us being middle class means setting a goal and getting there. Tell us what you think it means to be middle class.

Bailout in Spain buys time and clips contagion

Jun 11, 2012
Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.

PODCAST: A $1.3 billion billboard and LinkedIn's most popular passwords

Jun 11, 2012
Global markets are up -- for now -- on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is:…

Rating agencies: No longer the final word

Jun 11, 2012
The ratings agency Moody's could lower credit ratings on the bonds of several U.S. banks this month. The downgrades could send ripples, but not shock waves, throughout the economy.

UnitedHealth to adopt reform provisions, set insurance standard

Jun 11, 2012
UnitedHealth will adopt some parts of the Affordable Care Act regardless of what happens in the U.S. Supreme Court in the coming weeks. The insurer will continue to cover children up to age 26 and offer free preventive health care…

Spain gets a short term fix in euro bailout

Jun 11, 2012
European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the…

In Turkey, a Syrian doctor aids his countrymen

Jun 11, 2012
A Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

Spain avoids government bailout with bank rescue

Jun 11, 2012
Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.

Exports in China double market expectations

Jun 11, 2012
Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.

What went wrong with California's budget

Jun 11, 2012
With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? Do other states have to fear the same thing?

Global markets are up — for now — on news this weekend that European leaders agreed to bail out Spain’s banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company’s newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.

The team

Stephen Ryan Producer, BBC

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