ruben ramirez, "n.b.r.," new york. >> susie: a new twist in the countrywide financial saga, a report issued today by the house of representatives says countrywide, once the nation's largest lender, bought influence in congress by issuing sweetheart loans to lawmakers and other government employees. the so-called "v.i.p. loan program" was known by insiders as "friends of angelo", named after the company's former c.e.o. angelo mozilo. but mozilo denied using the loans to curry favor. countrywide's risky mortgage products, and loose loan approval standards are blamed for a wave of foreclosures that triggered the housing crisis. >> tom: more central bank help from europe and china didn't do much for u.s. stocks, with the major indices finishing mixed. the s&p 500 hit its lowest level of the day less than an hour after the opening bell. the index spent the entire session in the red ahead of tomorrow's june employment report. volume was light. 681 million on the big board. 1.4 billion on the nasdaq. financials led the sector losers, falling 1.5%. the energy sector was down 1.4%. j.p. morga

ruben ramirez reports on what's at stake. >> reporter: the battle over whether to extend the bush-era tax cuts beyond 2012 could hit the pockets of tens of millions of investors. unless congress and the president agree to changes. if not, the dividend tax rate, which stands at 15%, will rise to nearly 40%. add in a new "healthcare law" related tax on dividends, and investors could see their dividend tax bill nearly triple. standard and poor's says that will impact 93% of s&p 500 companies. >> some sectors, however, are impacted even more, such as telecommunications and especially utilities, which are known as dividend payers. this changes who is going to hold it and what their risk/rewards are. >> reporter: a study of recent tax returns shows nearly 13 million americans have some sort of utility company holdings, mostly in mutual funds. the vast majority of those people were over 50 years old with incomes below $100,000. >> older americans don't shy away from direct holdings of corporate equities or taxable mutual funds. instead, what they do is really direct. due to their risk tolera

ruben ramirez reports. >> reporter: it's the latest and could be the most-watched high-stakes court fight between apple and samsung over patents. at issue is product design. apple sued samsung claiming samsung copied the look and feel of its iphone and ipad. for its part, samsung claims apple copied the iphone from sony. but late yesterday, the judge overseeing the case ruled samsung can not argue sony may have influenced apple's iphone design. combined both companies produce the top two smartphones in the world. >> this is really a test to see whether or not the technologies that apple has developed over the last number of years are in fact being protected by laws and courts but also being infringed upon by competitors like apple and samsung. >> reporter: jurors won't hear is what apple's late founder steve jobs had to say about device makers like samsung using google's android operating system.. jobs said quote, "i'm going to destroy android, because it's a stolen product. i'm willing to go thermonuclear war on this." apple wants $2.5 billion in damages, but more painful could be if sam

ruben ramirez, "n.b.r.," arlington, virginia. >> susie: tomorrow on "n.b.r." j.p. morgan will be in the spotlight as the bank reports its second quarter numbers. investors will get a first look at how much that controversial trading loss impacted results. and our "market monitor" guest tells investors "be defensive," but take selective risks. he's jason pride, director of investment research at glenmede. when it comes to teaching kids about money, it goes deeper than anything you can find in a text book. "earn it, learn it" author alisa weinstein explains in tonight's kids and cash. >> i'm going to let you in on a little secret. financial literacy is not about the money. it's not really financial literacy at all. its life literacy. cause just knowing how money works is not enough to guarantee we'll be responsible with it. it's great to teach our kids how to save, how to spend, how to budget. but these are just tools. they're facets of a really big picture. we can't effectively teach kids financial literacy if we leave out how money fits into our lives. and even tho

ruben ramirez, "n.b.r.," new york. >> susie: more claims today that pfizer used anti-competitive tactics to delay the release of %2wju:rjrjsrhitor-- its top-selling anti-cholesterol pill. walgreen, kroger and three other major retail chains sued pfizer, saying it forced them to buy the more costly lipitor, rather than a generic. generic lipitor entered the market last november, but these companies say it should have come to market about a year earlier. pfizer denies that and says while some patents on lipitor expired in 2010, others stretched through last year allowing it to delay the launch of generics. there's a little impact on pfizer's stock. it went down to $22 and chain ce but there are others had had sell off. >> yes, after that disappointing job status. let's roll with tonight's market focus. >> tom: another month of lackluster job growth soured the market, capping a week of disappointing economic data and stock performance. here's what the major stock indices did this week. the dow industrials fell 0.8%. the nasdaq dropped just 0.1%. the s&p 500 is 0.6% lower today compared to a