Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Monday, May 7, 2012

All eyes are on Europe this morning after voters in France's presidential run-off election delivered a victory to Socialist candidate Francois Hollande over incumbent Nicolas Sarkozy. The win is the latest signal in Europe that voters are turning against harsh austerity measures aimed at curbing the European debt crisis, and the politicians who supported them. Also on the program, Hollywood might be coming to the aid of California's State Parks Foundation to prevent up to a quarter of the state's parks from closing - and cutting off access to filming. And a new budget battle commences in the U.S. Congress this week as law makers consider two bills that will make dramatic cuts in social safety net programs to prevent further cuts in defense spending

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Supporters of France's newly elected president Francois Hollande celebrate at the Bastille Square in Paris on May 6, 2012. Hollande was elected France's first Socialist president in nearly two decades on Sunday, dealing a humiliating defeat to incumbent Nicolas Sarkozy and shaking up European politics.

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About the Show

News happens while you sleep. Marketplace Morning Report gives you a head start on the day. Throughout the morning, host David Brancaccio shares the latest on markets, money, jobs and innovation, providing the context you need to make the smartest decisions. And from London, host Anu Anand presents Marketplace Morning Report from BBC World Service to bring you up to speed as the global economy shifts. It's the world perspective you need, from two trusted sources.