PODCAST: SCOTUS makes a decision
Reporters run with the U.S. Supreme Court's health care decision on June 28, 2012 in Washington, D.C.
Hospital stocks are up on the health law decision, but bad banking news and a contentious eurozone summit are dragging down markets today. Major U.S. stock market indexes down more than a percent so far today.
Part of the problem is this number: $9 billion. According to unnamed sources in the New York Times, that could be the true cost of losses from bad derivatives bets at investment bank JPMorgan. That's four-and-a-half times the estimate CEO Jamie Dimon discussed last week with Congress.
And how about the number "2" -- that's how many pieces NewsCorp plans to split itself into: One company for the cash-cow film and TV businesses; another for the struggling newspapers. The board and Chairman Rupert Murdoch have approved the move.