Jul 25, 2012

Marketplace Morning Report for Wednesday, July 25, 2012

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A report from the Congressional Budget office says President Obama's health care law could save the federal government $84 billion over the next decade. That savings is mostly because of the Supreme Court ruling last month -- and a part…

Segments From this episode

Tempered optimism ahead of Caterpillar earnings

Jul 25, 2012
Caterpillar reports earnings today, and few expect the company to show much strength. The heavy equipment maker has been doing well, but that looks to change.

The drought to affect prices at the supermarket

Jul 25, 2012
Expect the prices for meat and dairy goods to rise as the Midwest drought continues.
Storm clouds roll over a drought-stricken cornfield on July 19, 2012 near Spencer, Ind. The corn and soybean belt in the middle of the nation is experiencing one of the worst droughts in more than five decades. Expect the prices for meat and dairy goods to rise as the Midwest drought continues.
Scott Olson/Getty Images

Runner Nick Symmonds on the business of being an Olympian

Jul 25, 2012
Long-distance runner Nick Symmonds talks about why he thinks the Olympics sponsorship model is flawed.

The long and short of maternity leave

Jul 25, 2012
Yahoo's new CEO Marissa Meyer plans to return to work within weeks of having a baby. Her decision has other women talking.

Health care law could reduce government costs

Jul 25, 2012
A report from the Congressional Budget office says President Obama's health care law could save the federal government $84 billion over the next decade. That savings is mostly because of the Supreme Court ruling last month, and a part of…

LIBOR rigging could be made a crime in Europe

Jul 25, 2012
In the ongoing LIBOR interest rate rigging scandal, European lawmakers have proposed making interest rate rigging a crime.

Secretary Geithner facing questions of LIBOR

Jul 25, 2012
Secretary Geithner is expected to tell the committee that the U.S. economy is starting to regain its footing, but still faces threats from uncertainty about government spending and taxes, and instability in Europe.

Rain or shine: Betting on the Olympics

Jul 25, 2012
The Olympics get underway later this week but the games have already started. People are betting on all things Olympic from the usual bets, like who will win certain events to less usual bets.
A Labrokes betting board displays the odds on which party will get the most seats in the general election on April 6, 2010 at London's Southbank, England. Now, bookies are taking bets on virtually everything under the sun as the London Olympics get underway.
Peter Macdiarmid/Getty Images

Despite tepid earnings, revenues mostly down

Jul 25, 2012
Ford Motor saw profits fall by more than half in the second quarter and Apple profits came in lower than expected mostly due to slowing iPhone sales. What do today's earnings reports tell us about the state of the U.S.…

Former Citigroup CEO: Break up the banks

Jul 25, 2012
Former Citigroup CEO and anti-Glass-Steagall lobbyist Sanford Weill declared today that the major banks are too big and should be broken up.

Geithner: Knew of LIBOR issue, initiated reform process in 2007

Jul 25, 2012
Today as Treasury Secretary Timothy Geithner was officially presenting a report from the Financial Stability Oversight Council on the state of the economy, he was grilled about British banks' manipulation of the LIBOR interest rate.

PODCAST: A pool for Olympic betting or Greek prisoners?

Jul 25, 2012
A report from the Congressional Budget office says President Obama's health care law could save the federal government $84 billion over the next decade. That savings is mostly because of the Supreme Court ruling last month -- and a part…
Visitors to the rooftop pool at the Thermae Bath Spa soak up the sun on July 25, 2012 in Bath, England.
Matt Cardy/Stringer

The money behind drug testing for Olympians

This year's games marks the first time a private company -- GlaxoSmithKline -- is aiding in the fight against athletic doping in the Olympics.
Director General of the World Anti-Doping Agency (WADA) David Howman watches on as President of WADA John Fahey speaks during a World Anti Doping Agency Briefing ahead of the 2012 London Olympic Games at the Main Press Centre on July 25, 2012 in London, England.
Jeff J Mitchell/Getty Images

L.A. city council votes to ban marijuana shops

Jul 25, 2012
Thanks to SB 420, Los Angeles has all other cities beat when it comes to pot dispensaries. But the city council has decided things are out of hand, and voted last night to ban all storefront medical marijuana shops.

A report from the Congressional Budget office says President Obama’s health care law could save the federal government $84 billion over the next decade. That savings is mostly because of the Supreme Court ruling last month — and a part of the law it ruled out. Caterpillar, the world’s largest maker of construction and mining equipment, releases its quarterly earnings today. And reports issued by the U.S. Department of Agriculture don’t usually create ripples beyond a small pond of farmers and investors, but today, though the USDA releases a much-anticipated briefing: the monthly food price forecast.

The team

Stephen Ryan Producer, BBC

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