Jun 13, 2012

Marketplace Morning Report for Wednesday, June 13, 2012

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The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on…

Segments From this episode

DOJ investigates cable companies over online video practices

We've all been there: You get home from work, open up your computer to Netflix, press play and.....nothing. The screen reads buffering. Who do you blame? Your internet provider or Netflix?
Robert Sullivan/Getty Images

Saab in talks with Chinese-Japanese auto buyer

Jun 13, 2012
Bankrupt Swedish carmaker Saab may have found a buyer. There are reports National Electric Vehicles Sweden, a company backed by investors in Japan and Hong Kong, may close a deal.

TV drama 'Dallas' relaunches for a new generation

Jun 13, 2012
The popular '80s primetime soap gets remade with the all-important ad demographic of 18- to 35-year-olds in mind. The question is no longer "Who shot JR?" but "How long will JR be on screen?"

How a CEO prepares for Senate testimony

Jun 13, 2012
The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.

PODCAST: Ads to match your mood and what's a dad worth?

Jun 13, 2012
The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on…

The high price of cheap clothing

Jun 13, 2012
Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new…
Cheap fashion factory in Dongguan, China.
Elizabeth Cline

Jamie Dimon apologizes, explains loss before Congress

Jun 13, 2012
JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.

Verizon Wireless pricing bound to change online habits

Jun 13, 2012
Verizon Wireless announced it's scrapping unlimited data plans. The new pricing could force a change in our web surfing.

Jamie Dimon has an uphill battle in the Senate

Jun 13, 2012
The JPMorgan Chase CEO testifies before the Senate Banking Committee today, trying to convince Congress that more bank regulation isn't needed, even after his company's $2 billion trading loss.

JPMorgan CEO Dimon goes before Senate

Jun 13, 2012
Chairman and CEO of JPMorgan Jamie Dimon will be grilled on a huge trading loss by the bank's unit in London.

New wave of Internet domain names gets unveiled

Jun 13, 2012
The organization that assigns Internet addresses releases its list of newly approved web suffixes today, from .doctor to .bank. Many predict the proliferation of these suffixes will touch off a virtual land grab.

The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank’s unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy “fast fashion.” Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, “Overdressed.” Verizon Wireless announced it’s scrapping unlimited data plans which could force a change in our web surfing. And the popular ’80s primetime soap, “Dallas,” is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

The team

Stephen Ryan Producer, BBC

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