Jul 13, 2012

Marketplace Morning Report for Friday, July 13, 2012

HTML EMBED:
COPY

It's second-quarter earnings day for JP Morgan Chase. Profit number aside, many are focused on how big a trading loss the bank suffered from the so-called 'whale' in its London office. Europe's economic crisis is hammering the euro's value, but…

Segments From this episode

Weak euro lures American travelers

Jul 12, 2012
The euro crisis has weakened the currency -- and strengthened Europe's appeal to American tourists.

Why Hollywood recycles its superheroes

Jul 13, 2012
Geoff Boucher of the L.A. Times' Hero Complex blog explains why moviegoers see the same superheroes in the theater over and over again.

Apocalypse now -- the marketing strategy

Jul 13, 2012
From natural disasters to economic crises to a supposed Mayan prophecy of the end of the world in 2012, doomsday has galvanized some marketers.

A 'Whale watch' as JPMorgan reports earnings

Jul 13, 2012
The highlight of JPMorgan Chase’s second quarter earnings report will be an update on the trading loss by the so-called London Whale.

Artists seek new business beginning at folk art market

Jul 13, 2012
In Santa Fe, New Mexico this weekend, artists from all around the globe are gathering for the world's largest folk art market. For artisans, the market is a chance to make money, but also receive retail business training and mentorship.

China reports slower GDP growth at 7.6%

Jul 13, 2012
Economic growth numbers from China did not fail to live up to the hype. China's GDP growth slowed in the latest quarter to to 7.6 percent -- the slowest in three years.

Wells Fargo to cut ties with independent brokers

Jul 13, 2012
After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.…

Pew poll: 2% of Greeks have good opinion of their economy

Jul 13, 2012
In a poll of a thousand Greeks, 2 percent said the country has a good national economic situation.

Italian debt rating downgraded two levels

Jul 13, 2012
In Europe today, the focus has shifted from Spain to Italy, in the ongoing EU debt crisis. Moody's credit rating agency has downgraded Italian debt to just two levels above junk status.

JPMorgan discloses $4.4 billion in trading losses

Jul 13, 2012
JPMorgan Chase has just released its quarterly earnings report, and the big number to report is: $4.4 billion. That's the new estimate for the size of JPMorgan's loss from risky trading bets.

Airbus, Boeing take big orders at Farnborough Air Show

Jul 13, 2012
The biggest event of the year for airline makers like Airbus and Boeing is wrapping up outside of London. And at this year's Farnborough Air Show, the companies have announced orders worth more than $50 billion. Sounds like a good…

PODCAST: JPMorgan's whale, a hotel's crocodile tail

Jul 13, 2012
It's second-quarter earnings day for JPMorgan Chase. Profit number aside, many are focused on how big a trading loss the bank suffered from the so-called 'whale' in its London office. Europe's economic crisis is hammering the euro's value, but bad…
A crocodile in an antificial pond of a private hotel near La Fortuna, in the Costa Rican rainforest 110 km northwest of San Jose.
YURI CORTEZ/Getty Images

JPMorgan sorts out 'London Whale' consequences

Jul 13, 2012
JPMorgan Chase CEO Jamie Dimon spoke this morning about the company's solid quarterly earnings, but all the attention is on the massive $4.4 billion trading loss -- twice what they first thought -- and how the company will sort out…

Facebook as vigilante: Scanning for predators

Jul 13, 2012
A Reuters report investigating Facebook scanning policies has found out the social network may be going out of its way to partner with law enforcement in nabbing child predators. But what does this mean for user privacy?

Do Americans accumulate too much stuff?

Jul 13, 2012
There are some recent findings out that Americans have, well, just too much stuff -- and that a huge number of garages in America can't even fit cars because they are so filled with junk.

It’s second-quarter earnings day for JP Morgan Chase. Profit number aside, many are focused on how big a trading loss the bank suffered from the so-called ‘whale’ in its London office. Europe’s economic crisis is hammering the euro’s value, but bad news for Europe is great for American travelers. And this weekend, Santa Fe, New Mexico, hosts the world’s largest folk art market. Artisans from Afghanistan to Peru come to sell their crafts — but they can also get business training to take them to the next level.

The team

Stephen Ryan Producer, BBC

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!