Feb 9, 2011

Marketplace Morning Report for Wednesday, February 9, 2011

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Marketplace Morning Report for Wednesday, February 9, 2011

Segments From this episode

Analyst Whitney skips Congressional hearing on muni bonds

Feb 9, 2011
Meredith Whitney famously predicted the collapse of several big banks in 2007. And after an ominous prediction about the municipal bond market, Whitney was called as the star witness at today's hearing on Capitol Hill. Roben Farzad of Bloomberg Business Week explains how Whitney made a name for herself, and the meaning behind her absence from today's hearing.

London, Toronto stock exchanges announce merger

Feb 9, 2011
Officials from the London Stock Exchange Group PLC and Toronto based TMX group Inc. announced the merger today. Bringing the two companies together will produce the second largest mining- and resource-exchange in the world. Christopher Werth explains.

Drought in China threatens global wheat supply

Feb 9, 2011
China is the world's largest producer and consumer of grain. But after severe winter droughts in the northern breadbasket region, the United Nations Food and Agriculture Organization warns of a global wheat shortage that will drive up the cost of foods like noodles and cereal. Rob Schmitz has more.

Pirates hijack U.S. bound oil tanker

Feb 9, 2011
A U.S.-bound oil tanker was hijacked by pirates off the coast of Somalia this morning. The incident occurred just hours after the Associated Press reported that Somali pirates have released a South Korean ship seized four months ago. David Gura reports how the costs of pirate attacks affect the global economy.

New housing plan could phase out Fannie and Freddie

Feb 9, 2011
Fannie Mae and Freddie Mac could be on the chopping block this week. According to the Wall Street Journal, one idea is to phase out the two companies and not replace them. David Gura explains.

Richard DeKaser: Bernanke defends the bond buying program

Feb 9, 2011
Federal Reserve Chairman Ben Bernanke will defend the Fed's $600 billion bond buying program today when he testifies before the House Budget Committee on Capitol Hill. Jeremy Hobson speaks with economist Richard DeKaser about the expected outcome of today's hearing.

Italians urged to boycott mobbed-up tomatoes

Feb 9, 2011
Alessandro di Pietro, host of the Italian daytime show "'Occhino alla Spesa" (which translates as "keeping an eye on the shopping") urged his viewers to boycott Sicily's famous Pachino tomatoes. di Peitro claims the mafia is controlling distribution of the popular food.

House Republicans want to strip EPA's greenhouse gas powers

Feb 10, 2011
Republicans on the House Energy and Commerce Committee are asking EPA head Lisa Jackson to testify today.

Commercial real estate rebounds

Feb 10, 2011
Compromises between landlords and tenants are helping the commercial real estate market improve.

Al Jazeera English to launch U.S. campaign

Feb 10, 2011
The cable news network based in Qatar has been broadcasting developments in Egypt around the clock. It says that millions of Americans are being deprived of the opportunity to watch the network.

Unrest scares tourists away from Jordan, Egypt

Feb 10, 2011
When protests hit one nation, like Egypt, some tourists avoid the whole region. Marketplace's Alisa Roth is in Jordan and she reports that tourism revenues in that country have slumped by a quarter in recent months.

The team

Stephen Ryan Producer, BBC