Jul 13, 2012

Marketplace Morning Report for Friday, July 13, 2012

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.

Segments From this episode

European Debt Crisis

Weak euro lures American travelers

by Mark Garrison

Jul 12, 2012

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

LISTEN

EMBED

Why Hollywood recycles its superheroes

by Jeff Horwich

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.

LISTEN

EMBED

Apocalypse now -- the marketing strategy

by Karl Baker

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.

LISTEN

EMBED

A 'Whale watch' as JPMorgan reports earnings

by Marketplace Contributor

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.

LISTEN

EMBED

Artists seek new business beginning at folk art market

by Jeff Tyler

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.

LISTEN

EMBED

BBC World Service

China reports slower GDP growth at 7.6%

by Jeff Horwich

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.

LISTEN

EMBED

Wells Fargo to cut ties with independent brokers

by David Gura

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.

LISTEN

EMBED

The Punchline

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

by Jeremy Hobson

Jul 13, 2012

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

LISTEN

EMBED

European Debt Crisis

Italian debt rating downgraded two levels

by Stephen Beard

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.

LISTEN

EMBED

JPMorgan discloses $4.4 billion in trading losses

by Marketplace Contributor

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.

LISTEN

EMBED

Airbus, Boeing take big orders at Farnborough Air Show

by David Gura

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 thing for the industry -- and the economy.

LISTEN

EMBED

Mid-day Update

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

by Mary Dooe

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 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.

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

LISTEN

EMBED

JPMorgan sorts out 'London Whale' consequences

by Jeff Horwich

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 the implications.

LISTEN

EMBED

Facebook as vigilante: Scanning for predators

by Jeff Horwich

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?

LISTEN

EMBED

Do Americans accumulate too much stuff?

by Jeremy Hobson and Jeff Horwich

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.

LISTEN

EMBED

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.