May 11, 2012

Marketplace Morning Report for Friday, May 11, 2012

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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…

Segments From this episode

JPMorgan takes a $2 billion fall

May 11, 2012
Huge trading losses by America's biggest bank strengthen advocates of the Volcker Rule and tougher bank regulation.

London Whale: Meet the JPMorgan trader

May 11, 2012
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

May 11, 2012
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

May 11, 2012
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

May 11, 2012
Senior producer and host of the online explainer series The Whiteboard, Paddy Hirsch discusses the risks involved in JPMorgan's $2 billion loss.
A man walks by a Chase bank branch at the company's New York headquarters in New York City.
Spencer Platt/Getty Images

How JPMorgan's loss may affect European banks

May 11, 2012
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

May 11, 2012
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

May 11, 2012
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

May 11, 2012
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.
Alys Shee and Aaron Smyth from the film "First Position."
First Position

PODCAST: Fallout from JPMorgan's huge loss

May 11, 2012
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…

Teens sue federal government over climate change

May 11, 2012
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

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?

May 11, 2012
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.

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.

The team

Stephen Ryan Producer, BBC