May 4, 2011

Marketplace Morning Report for Wednesday, May 4, 2011

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Marketplace Morning Report for Wednesday, May 4, 2011

Segments From this episode

Pain from increased gas prices is mostly mental

May 4, 2011
Drivers groan when gas prices rise. But what are the actual effects, in comparison to our perceptions?

Damper on corn planting season

May 4, 2011
Floods and wet weather have corn farmers worried across the U.S. grain belt. Supplies are tight and could get tighter.

Congress looks at Sony's data security

May 4, 2011
A hearing today examines what Congress can do to prevent the sort of hacking that has penetrated millions of Sony Playstation accounts.

Has a silver bubble gone bust?

May 4, 2011
U.S. silver futures plunged yesterday triggering losses across other commodity markets such as crude oil and gold.

Roundabouts cause rifts between cities and drivers

May 4, 2011
There are about 2,000 roundabouts in the U.S. now. Proponents say that they cut down on traffic time and are good for the environment. But residents in Chicago, where roundabouts have been popping up lately, aren't convinced.

Portugal reaches $100 billion bailout deal

May 4, 2011
Portugal has agreed to the terms of a bailout deal from the European Union and the International Monetary Fund. The deal promotes a "softer," less austere approach than previous deals with Ireland and Greece.

Abu Dhabi, Singapore commit to Glencore IPO

May 4, 2011
The world's largest commodities trader predicts it will raise more than $50 billion with the help of big government investors when it goes public later this month.

Report: Planned U.S. layoffs decline 4.8% in April

May 4, 2011
A report out today from job placement firm Challenger Gray and Christmas says employers will lay off 12 percent less staff in April than in March, and 4.8 percent less than the same perios a year ago.

Report: Private job growth slowed in April

May 4, 2011
According to the ADP Employer Services, private companies added fewer jobs than expected in April -- creating only 179,000 jobs.

Jobs: April shows modest growth

May 4, 2011
Richard DeKaser, economist with the Parthenon Group in Boston, explains two new jobs reports and why modest growth in jobs means a modest recovery.

S&P: Greece's fiscal problems differ from Calif.'s

May 4, 2011
A new report from Standard & Poor's compares the financial woes of California with Greece's debt problem. Gabriel Petek, senior director of credit market services for S&P, explains.

The team

Stephen Ryan Producer, BBC