Marketplace Morning Report

with David Brancaccio

Marketplace Morning Report for Tuesday, August 7, 2012

The British firm Standard Chartered bank isn't a bank you'll find on every corner in the United States, even though it processes almost $200 billion worth of global transactions every day. But it could soon have its banking license revoked in the nation's financial center, because of allegations that the bank has been hiding tens of thousands of secret transactions with Iran. This week, companies like Macy's, Kohl's, Nordstrom and JCPenney will reporter earnings, but those earnings will only tell part of the story. In Australia, there's a new tax on greenhouse gas missions, and it was expected to help the poor and the elderly. They get a refund to pay for basic goods like food and electricity.

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From this Episode

A longtime newspaper vendor in Manhattan's Cooper Square stands by his newsstand on April 3, 2012 in New York City.
Spencer Platt/Getty Images
Heat rises from stacks at the Chevron refinery on January 25, 2011 in Richmond, Calif.
Justin Sullivan/Getty Images
Gold medalist Britain's Alistair Brownlee celebrates with the Union flag before crossing the finish line of the men's triathlon event at the London 2012 Olympic Games on August 7, 2012 in London.
Customers fuel their cars at a Chevron gas station on July 27, 2012 in Greenbrae, Calif.
Justin Sullivan/Getty Images

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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.