we ll see what happens and we expect a decision sometime between 10:00 and 10:30 a.m. jpmorgan infamous trading loss may reach $9 billion far exceeding earlier estimates. the new york times reports the red unk has been mounting as the bank has been unwinding its position. j.p. morgan s exit from the losing trade is faster than expected. but first brian has the morning s other top headlines. newscorp s board reportedly approving a split of the $60 million media conglomerate, it will be two company, one publishing, the other entertainment. official announcement is expected today and do not miss this. newscorp chairman rupert murdoch will join our own david faber right here on cnbc at noon eastern time. nasdaq will file a plan next week with the sec to detail how exchange, the exchange intends to compensate market makers who lost money during the trading of facebook s boy. they may point out there were internal issues that contributed to their own losses. some good jobs
up from just 9% before bailouts and austerity brought protesters to the streets. and as no other network can, we brought together cnn s best from around the world. veteran business correspondent john defterios from abu dhabi, he ll break down what you need to know. jim bittermann is live from paris at the headquarters of now defeated french president nicolas sarkozy. he just conceded to socialist francois hollande. matthew chance is in athens at the center of an election that also took place today, greek voters deciding whether they are willing to accept tough cuts to deal with the country s enormous debt. a greek default could crush america s own slow recovery. al goodman is in madrid, a country closely watching these election results with all of you. the unemployment situation is tough here in the u.s., in spain it s much worse. youth unemployment now above 50%. diana magnay is in berlin, up until now, germany has been the backbone of europe s economy and the main architect
in the last two years, 13 governments in the european union have either collapsed or been voted out of power. today, french president nicolas sarkozy is caught in a runoff with francois hollande that cast him his job. under sarkozy, france s unemployment climbing to 10%, while economic growth ground to a halt. also today, greece, a national election taking place in a society crushed by debt. greek unemployment now at 21%. up from just 9% before bailouts and austerity brought protesters to the streets. and as no other network can, we brought together cnn s best from around the world. veteran business correspondent john defterios from abu dhabi, he ll break down what you need to know. jim bittermann is live from paris at the headquarters of now defeated french president nicolas sarkozy. he just conceded to socialist francois hollande. matthew chance is in athens at the center of an election that also took place today, greek voters deciding whether they are willing to accept tou