Marketplace Morning Report for Wednesday, June 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 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.