Mid-day Update

PODCAST: SCOTUS makes a decision

Mary Dooe Jun 28, 2012
HTML EMBED:
COPY
Reporters run with the U.S. Supreme Court's health care decision on June 28, 2012 in Washington, D.C. Mark Wilson/Getty Images
Mid-day Update

PODCAST: SCOTUS makes a decision

Mary Dooe Jun 28, 2012
Reporters run with the U.S. Supreme Court's health care decision on June 28, 2012 in Washington, D.C. Mark Wilson/Getty Images
HTML EMBED:
COPY

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.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.