for the nuts and bolts on this fias fiasco, it s the impact on the markets and your own investments. alison kosik joins us now. just what was this massive trading bet all about? before it went south? reporter: fredricka, what jpmorgan essentially did was made a big game am. they made risky bets and lost. the bets they made were to protect against possible losses on jpmorgan s other investments, but clearly they backfired and the bets produced losses of their own. how did this come out? it came out in a surprise conference call that ceo jamie diamond called for lamon called. shares are down almost 8% right now. shares of others are getting hit hard right now. wall veit is worried about other banks wondering, you know what, if jpmorgan can do this and it s considered the stronger of the banks or the strongest of the banks, what kind of bets are the other banks making especially, once again, that aren t as strong as jpmorgan? fredricka? so the ceo, jamie dimon, had quite the
good evening, everyone. i m erin burnett. outfront tonight, warning signs ignored. the fallout swept around the world today from america s biggest banks, multibillion dollar loss on risky trades. in washington, senator carl levin held a conference call with reporters about jpmorgan s shocking trading losses which 0 could be up to $3 billion and the credit rating agency fitch slapped jp morgue win a drowngrade citing reputational risk. stocks plunged taking other banks down. the boss, america s most well-known banker was taken by surprise. here s jamie dimon one month ago responding to confess about bad trades and his risk management unit. it s is a complete tempest in a teapot. sophisticated, complex things. at the end of the day that s our job. envist that portfolio widely and intelligently over a long period of time to earn income and to offset other exposures we have. well, here he is last night when it turned out that temp it was anything but. these were grievous
it was a hollywood mystery that captured the attention of the world. now after 30 years, startling new allegations in the death of actress natalie wood. the star of west side story and miracle on 34th street drowned in 1981 boating off the california coast with her husband, robert wagner and actor christopher walken. her death was initially ruled an accident. but investigators are now reopening the case. next hour we re going to talk to a man who was right there the night she died. he says that wagner is responsible for her death. and after two months of standing their ground and show of strength by the occupy movement, last night in new york, the question today what is next for the protesters? police arrested more than 200 people across the city yesterday as demonstrators made their presence known on wall street and zuccotti park. huge crowd then marched across the brooklyn bridge. wanting to check out as well the message that protesters beamed on the side of that verizon bu
leaders in milwaukee say nine babies have actually died in that city this year alone due to unsafe sleep conditions. the latest co-sleeping victim, a seven-week-old infant found dead next to the newborn s mother the to warn parents now, milwaukee health department launched this dramatic ad campaign showing a butcher knife next to a sleeping infant. pointing out dangers of co-sleeping. the ad will get a lot of attention. isn t that something though? makes a big point. you want to cuddle with your newborn. want your newborn next to you. obviously it can be dangerous. the risk of rolling over. then suffocating the child which is so scary. so a good warning out there for parents. no question. well, here is your wednesday weather. gusty wind. hail, chance of tornadoes from montgomery to atlanta and the carolinas. rain from new orleans to nashville. moving later to cincinnati and the northeast. up to a foot of snow in the cascades and northern rockies. rain from seattle to portla
parent that is go overboard on child rearing methods. it s called co-sleeping. mom and dad sharing bed with the kids. we have that coming up at the top of the hour. you exercise and eat right, but your blood sugar may still be high, and you need extra help. ask your doctor about onglyza, a once daily medicine used with diet and exercise to control high blood sugar in adults with type 2 diabetes. adding onglyza to your current oral medicine may help reduce after meal blood sugar spikes and may help reduce high morning blood sugar. [ male announcer ] onglyza should not be used to treat type 1 diabetes or diabetic ketoacidosis. tell your doctor if you have a history or risk of diabetic ketoacidosis. onglyza has not been studied with insulin. using onglyza with medicines such as sulfonylureas may cause low blood sugar. some symptoms of low blood sugar are shaking, sweating and rapid heartbeat. call your doctor if you have an allergic reaction like rash, hives or swelling of the face, mouth