Morning Edition

Weekdays from 5am to 9am
Steve Inskeep and Renee Montagne

Morning Edition provides news in context, airs thoughtful ideas and commentary, and reviews important new music, books, and events in the arts. All with voices and sounds that invite listeners to experience the stories.

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Business
7:48 am
Fri July 13, 2012

JPMorgan: Trading Loss Grows To $4.4 Billion

Originally published on Thu August 30, 2012 2:23 pm

Transcript

RENEE MONTAGNE, HOST:

The largest bank in the U.S., JPMorgan Chase, this morning released its second quarter results. It's net income was $5 billion, but it turns out that loses in a failed hedging strategy involving a secretive trader were much higher than what the bank originally said the loss would be. In fact, JPMorgan lost $4.4 billion last quarter on those risky trades.

As NPR's Yuki Noguchi reports, that's not the full extent of the firm's damage.

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Around the Nation
7:48 am
Fri July 13, 2012

Surfing Goats Amaze California Beachgoers

Originally published on Fri July 13, 2012 11:04 am

Transcript

RENEE MONTAGNE, HOST:

World
7:18 am
Fri July 13, 2012

Lebanese Tire Of Protesters Using Tires

Originally published on Fri July 13, 2012 11:04 am

Transcript

STEVE INSKEEP, HOST:

Good morning. I'm Steve Inskeep. People in Beirut are sick of political protests across the country. Protesters have been blocking highways with burning tires. So there was only one thing to do. Yesterday, they held a protest using tires against protests using tires. Instead of burning the tires in the street, they painted the tires many colors. The protesters held up signs reading: We are tired. And a police officer refused to ticket them, saying, their tires are pretty. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.

Books
6:57 am
Fri July 13, 2012

Original Fiction In All The 'Shades' Of Fandom

courtesy of Vintage/Anchor Books

Originally published on Tue July 17, 2012 10:17 am

This Friday the 13th, fans of horror films and hobbits, science fiction and fantasy are descending upon the San Diego Convention Center. They're gathering for the annual explosion of pop culture fandom that is Comic-Con. One of the biggest phenomena in pop culture at the moment will be making an appearance, and it's not a man of steel or a boy slinging webs.

It's a 40-something woman who writes... wait for it... steamy romance.

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Business
5:09 am
Fri July 13, 2012

JPMorgan To Reveal Earnings, Trading Losses

Originally published on Thu August 30, 2012 2:26 pm

Transcript

RENEE MONTAGNE, HOST:

And the biggest bank in the U.S., JPMorgan Chase, says it has lost $4.4 billion from its failed hedging strategy involving a secretive trader. That's more than twice the bank's earlier estimate. The company released its second-quarter earnings report this morning, and NPR's Jim Zarroli is with us now to talk about them. Jim, what is the company telling investors this morning about that money?

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