Marketplace Morning Report for Monday October 27, 2014
October 27, 2014
Stock prices in Europe are generally down this morning, especially in Italy where the key index is down 2.1 percent. This after the European Central Bank Sunday released results of its so-called "stress tests": simulations of what would happen to banks in another crisis. 25 banks failed, but some have bulked up on their reserves since the tests, leaving 13 banks that appear weak, including an Italian Bank called Monte dei Paschi. More on that. Plus, Treasury Secretary Jack Lew will be in Africa this week. On the agenda will be policies like President Obama's Power Africa initiative, which seeks to bring an additional 30,000 megawatts of electricity to Africa. What do we hope will come of the trip? And ahead of the midterm elections next week, state and local candidates are using tools the presidential campaigns pioneered two years ago, and they're testing out technology designed to get out the vote in 2016.