May 10, 2010

Marketplace Morning Report for Monday, May 10, 2010

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Marketplace Morning Report for Monday, May 10, 2010

Segments From this episode

Global investors cheer E.U. bailout

May 10, 2010
The Dow has responded to the E.U.-approved $1 trillion Europe bailout by surging over 400 points.
E.U. commissioner for Economic and Monetary Affairs Olli Rehn, left, and Spanish Finance Minister Elena Salgado, right give a joint press conference at the end of the ECOFIN council's debt session at the E.U. headquarters in Brussels -- May 10, 2010.
Georges Gobet/AFP/Getty Images

U.S. could impose China steel pipe tariff

May 10, 2010
The Obama administration could impose big tariffs on Chinese steel pipe in the next few days, a sign the U.S. is ready to take China to the mat. The government says a lot of those pipes, were sold for less than fair value. Alisa Roth reports.

BP oil leak could hurt seafood demand

May 10, 2010
Alongside the gargantuan clean-up costs of the BP oil leak are the costs to the local seafood industry, which supplies more than 20% of the nation's seafood. The spill has a huge potential impact on demand. Sabri Ben-Achour reports.

ECB to buy sovereign debt in E.U. bailout

May 10, 2010
Beyond the near $1 trillion number, the E.U.-approved bailout of Europe will include the European Central Bank buying up sovereign debt. Christopher Werth reports.

Bank reform to prevent some betting

A new amendment to the Senate's financial regulation bill would ban investment banks from betting against that products that they sell to their customers. Stacey Vanek-Smith talks to Marketplace's John Dimsdale.

Fed, Bank of England help Europe bailout

May 10, 2010
After the E.U. approved Europe's near-$1 trillion bailout, the Federal Reserve and Bank of England also pledged their support.

CalPERS unsure it can keep up with benefits

May 10, 2010
During the financial crisis, CalPERS, California's state retirement system,lost hundreds of millions on complex securities and shaky real estate deals. Now it's not clear how long it can pay out its strong benefits. Jennifer Collins reports.

Kagan nominated to Supreme Court

May 10, 2010
U.S. Solicitor General Elena Kagan is President Obama's nominee for Supreme Court. John Dimsdale reports.

Workforce is getting older, less educated

May 10, 2010
The Brookings Institution released a study saying country's getting older and less educated. Report authors suggest recruiting skilled, educated immigrants to help the workforce. Nancy Marshall Genzer reports.

The team

Stephen Ryan Producer, BBC