May 7, 2012

Marketplace Morning Report for Monday, May 7, 2012

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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…

Segments From this episode

PODCAST: Austerity goes to the polls in Europe

The French elect a socialist president, and the Greek parliament gets a shake-up. It's all in a weekend for voters in Europe who took to the polls in what turned out to be a referendum on harsh austerity measures aimed…
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.
BERTRAND LANGLOIS/AFP/GettyImages

With oil firms profiting, why are gas prices still high?

May 7, 2012
The Fortune 500 2012 list ranking U.S. companies by revenue has Exxon Mobil at No. 1 and other oil firms near the top. So why are gas prices continuing to go up?
The Fortune 500 2012 list ranking U.S. companies by revenue has Exxon Mobil at No. 1  and other oil firms near the top. So why are gas prices continuing to go up?
Mark Wilson/Getty Images

Big Girl Cosmetics owes its glow to Oprah

May 7, 2012
Seven years ago Kiley Russell sold the car she received as a lucky audience member at The Oprah Winfrey show. Today, that seed money has grown into a thriving cosmetics business.
Remember when Oprah Winfrey gave away cars to everyone in her audience? One of those cars turned a dream into reality for Kiley Russell, one member of the audience that day.
Photo by Robert Cianflone/Getty Images

France elects Socialist candidate Francois Hollande

May 7, 2012
In a narrow victory this weekend, French voters ousted incumbent presidential candidate Nicolas Sarkozy in what many see as a popular referendum against harsh austerity measures in Europe

Disney avenges at the box office with superhero blockbuster

May 7, 2012
"The Avengers" brought in $200 million at the box office this weekend, shattering records. But can the latest Disney smash hit erase its "John Carter" box office flop?

Hollywood chips in to save California state parks

May 7, 2012
This past weekend, Hollywood hosted a fundraiser for the California state parks. It’s not just left-leaning Hollywood altruism. Many directors and studios film for cheap in the parks.

Congress begins budget battle over automatic cuts to Pentagon spending

May 7, 2012
Here's a phrase you'll begin to hear a lot in Congress: sequestered cuts. Today, the House begins debate on how to deal with the debt crisis.

In Greece, voters cast ballots against austerity

May 7, 2012
Parliamentary elections this weekend in Greece proved that voters there are fed up with the political parties imposing harsh austerity measures to deal with the country's severe debt crisis
Greece's two main political parties suffered big losses in state elections on May 6, throwing into doubt the eurozone state's austerity plans after a strong showing by protest groups, including the neo-Nazis party Golden Dawn, which is set to enter parliament for the first time since 1974.
SAKIS MITROLIDIS/AFP/GettyImages

Should companies pay for advanced degrees?

May 7, 2012
More than a decade ago, United Technologies made a pledge to pay for any employee's advanced degree. It's now paid for thousands of them. What could other U.S. companies learn from the program?
More than a decade ago, United Technologies made a pledge to pay for any employee's advanced degree. It's now paid for thousands of them. What could other U.S. companies learn from the program?
Christopher Furlong/Getty Images

Greece, France vote against austerity in weekend elections

May 7, 2012
In an apparent rejection of austerity measures to solve Europe's debt crisis, voters in France elected Socialist party candidate Francois Hollande over the weekend while Greek voters punished the country's two incumbent parties
Supporters of Socialist Party candidate Francois Hollande celebrate at the Place de la Bastille in Paris on May 6, 2012 after the announcement of the first official results of the French presidential final round. Hollande won a runoff election with between 52 and 53 percent of the vote, ousting right-wing incumbent Nicolas Sarkozy.
FRANCK FIFE/AFP/GettyImages

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

The team

Stephen Ryan Producer, BBC

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