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May 11, 2012

Marketplace Morning Report for Friday, May 11, 2012

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.

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Segments From This Episode

JPMorgan takes a $2 billion fall
by Mitchell Hartman
Huge trading losses by America's biggest bank strengthen advocates of the Volcker Rule and tougher bank regulation.
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.
Millennials less likely to be brand loyal
by Jeremy Hobson
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.
JPMorgan’s loss: A sign that Wall Street’s mindset hasn’t changed
by Marketplace Contributor
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.
Explaining the risk behind JPMorgan’s loss
by Paddy Hirsch
Spencer Platt/Getty Images
Senior producer and host of the online explainer series The Whiteboard, Paddy Hirsch discusses the risks involved in JPMorgan's $2 billion loss.
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.
How JPMorgan’s blunder may impact regulation efforts
by Mitchell Hartman
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?
NBC gives ’30 Rock’ one last season
by Mitchell Hartman
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.
In ballet, dreams are expensive
by Stacey Vanek Smith
First Position
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.
PODCAST: Fallout from JPMorgan’s huge loss
by Daryl Paranada
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.
Teens sue federal government over climate change
by Eve Troeh
A group of teenagers is taking the U.S. government to court for not responding to climate change. Can individuals really use the government?
Report: Google’s search results protected under First Amendment
by Jeremy Hobson and Stacey Vanek Smith
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.
How big of a deal is JPMorgan’s loss?
by Jeremy Hobson
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.