MID-DAY UPDATE: Why should you stress about Europe’s banks?

*The Mid-Day Update is a five-day-a-week podcast from the Marketplace Morning Report co-hosted by Bill Radke and Steve Chiotakis that wraps up the morning news in a fun little package. Listen here every day or download it to your iPod by subscribing to the Morning Report Podcast:

Did you notice Europe is releasing these bank stress tests after THEIR markets close for the weekend…but they’ll land in Wall Street’s lap?

Ford earned $2.6 billion in the last three months. “That’s right — with no bailout.” WSJ: That means higher prices.

You didn’t really believe a serious climate change bill would happen, did you?
– The pay czar calls out financial companies for unjustified bonuses. A little late? Or not a total waste.