Marketplace Morning Report for Friday, May 11, 2012

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Episode Description 
JPMorgan Chase has made a $2 billion blunder, its CEO Jamie Dimon announced. The loss involves bad bets apparently involving the bank selling insurance contracts against losses on corporate debt. A new study finds that millennials are less likely to be brand loyal. A group of climate activists, including a few teens, is suing the federal government over inaction on climate change. And we look at what it takes -- and costs -- to be a professional ballet dancer.

PODCAST: Fallout from JPMorgan's huge loss

We look at the JPMorgan Chase debacle that caused a $2 billion loss and explore how it may affect European banks and financial regulation efforts. Plus, meet the trader the losses are being attributed to: the London Whale. A new study says millennials are less likely to be brand loyal. And we look at young activists who are suing the government over climate change and the costs of dancing ballet.

Explaining the risk behind JPMorgan's loss

Senior producer and host of the online explainer series The Whiteboard, Paddy Hirsch discusses the risks involved in JPMorgan's $2 billion loss.
Posted In: JPMorgan, risk

Teens sue federal government over climate change

A group of teenagers is taking the U.S. government to court for not responding to climate change. Can individuals really use the government?
Posted In: climate change, lawsuit, greenhouse gases

In ballet, dreams are expensive

The new documentary "First Position" opens across the U.S. this weekend. The film focuses on several young dancers competing and trying to make it in a difficult and expensive field.
Posted In: ballet, dancing

JPMorgan takes a $2 billion fall

Huge trading losses by America's biggest bank strengthen advocates of the Volcker Rule and tougher bank regulation.
Posted In: JPMorgan, Jamie Dimon, bets, Wall Street, Volcker Rule

Millennials less likely to be brand loyal

A new study finds that millennials -- people between the ages 18-34 -- believe it's important to the get lowest price when shopping, which means giving up on brands they're loyal to.
Posted In: branding, brand loyalty, shopping, marketing, Millennial Generation

How JPMorgan's loss may affect European banks

Europe correspondent Stephen Beard discusses what Europe thinks about JPMorgan's $2 billion blunder and how it might impact how European banks do business.
Posted In: JPMorgan, Europe

JPMorgan's loss: A sign that Wall Street's mindset hasn't changed

New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.
Posted In: JPMorgan, Wall Street, Banks

How JPMorgan's blunder may impact regulation efforts

JPMorgan CEO Jamie Dimon has been known as a crusader against tighter financial regulation. How will the bank's $2 billion loss affect regulatory efforts?
Posted In: JPMorgan, Jamie Dimon

How big of a deal is JPMorgan's loss?

Economist Chris Low discusses the impact of JPMorgan's $2 billion loss and whether we should be concerned that it could happen at other banks.
Posted In: JPMorgan, Volcker Rule, Jamie Dimon

London Whale: Meet the JPMorgan trader

JPMorgan's losses are being attributed to a London trader named Bruno Iskill, also known as the London Whale.
Posted In: JPMorgan, traders, Bruno Iskill

NBC gives '30 Rock' one last season

The comedy show starring Tina Fey and Alec Baldwin has never been a ratings smash. And with NBC now ranked fourth among the major TV networks, it needs to find a way to gain more viewers.
Posted In: NBC, 30 Rock

Report: Google's search results protected under First Amendment

UCLA law professor Eugene Volokh discusses his report, which was commissioned by Google, on the search giant's rights to pick and choose the search results it wants to display.
Posted In: Google, search engines

Music from this show

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Yachts (A Man Called Adam mix)
Coco Steel Lovebomb
Only One Me (2005)
Damu The Fudgemunk
Hearts On Fire (Holy Ghost! Remix)
Cut Copy