stronger-than-expected quarterly earnings and dell announced a dividend. on capitol hill, jpmorgan ceo, jamy dimon will apologize to congress for a poorly-conceived trading strategy that led to stunning multi-million-dollar losses. dutch ing funneled millions of dollars to u.s. banks through cuba and iran. in the wake of a data breach, credit card processor says more data may have been stolen than initially thought. yahoo and cnbc.com, the website of our sister network, owned by nbc universal, have inked a deal to create and share content on their respective sites. finally what do you think of this just in time for barbeque season, burger king is getting in on the salty sweet food pairing trend. with a bacon sundae. that s right, a bacon sundae. in case you are counting
update for our top story about the bacon sundae from burger king. it is a limited run, goes to september 3rd. act now. as much credit as burger king deserves for this achievement, jack in the box would like you to know they came first to this party. in february they had a 1,000 calorie bacon milk shake. no, they did not. they re saying burger king where was i? where was mika? all these places just disappeared from the face of the earth, the world would be a better place. it s just like it s like bacon milkshake. like the age of disco. the three of us are going to be doing september 3rd. what s that? the last day of this thing. hoarding. you asked about sport? yes, i did. i love sport. good news for the romney family, their horse, rafalca might qualify for the london games? stephen colbert has an analysis. really?
i m wolf blitzer. you re in the situation room. the largest bank of the united states is called to before congress to explain a $2 billion loss that one lawmaker compared to russian roulette. jpmorgan chase ceo jamie dimon appeared before congress saying he could not defend or justify the trades that ultimately imploeded. liz zi was there watching it all unfold. and it was very dramatic. it was very dramatic. i ve known jamie dimon and covered jamie dimon for a long time, wolf. usually when he comes to washington this is a town where he s received with open arms, even at the white house. this position was a little unusual for him. hi, jamie. how are you? i m good. he usually loves the cameras, but he got more of the rugby scrum. they re the job destroyers. this man is a crook. we ve let a lot of people down. and we are very sorry for it. he apologized for losing billions, took some blame, but embracing more regulation, maybe not. we think don t make sense an
arming the assad regime. we have confronted the russians about stopping their continued arms shipments to syr syria. we are concerned about the latest information we have that there are attack helicopters on the way from russia to syria, which will escalate the conflict quite dramatically. moscow insists any arms supplies sent to syria are not being used against anti-government protesters. the suspect in the auburn triple murder is in custody after a three day manhunt. desmonte leonard turned himself into authorities at the federal courthouse in montgomery, alabama. facing three counts of capital murder. he gunned down three people and wounded three others after a fight broke out in an off campus party. two of those killed were former auburn football players. gabrielle giffords former aide will serve out the remainder of her term in the house. barber defeating kelly by 6 points. he ll fill giffords seat until november. in virginia, george allen easily defeated three
the couple used to communicate while he was in jail. dude, relax. rhode island set to become the 15th state to decriminalize marijuana. no big fines, no jailtime, nothing on your record. and other states are noticing. we ll talk with a state representative from rhode island about the growing nationwide movement. plus this. oh, you remember the kid who played darth vader in the volkswagen ad. this week, he goes in to have open heart surgery. 7-year-old max paige. this hour, we ll hear from his parents as we all say may the force be with him. newsroom begins right now. and good morning to you. i m carol costello. thank you so much for joining me. we begin this morning with one of the most respected men on wall street and his bank s jaw-dropping blunder. in 60 minutes, jamie dimon appears on capitol hill to say jp morgan chase s multibillion dollar loss is an isolated event. but those risky investments are reviving the debate over toothless banking regulations and taxp