Join us on twitter at aj real money. Americas biggest bank makes history by signing off on americas biggest legal settlement ever bin a single entity. Jp morgan paid to pay a whooping 13 billion to resolve claims over the sale of toxic securities that helped implode the Financial System back in 2008. 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states who sued the bank. But heres what may be the most interesting part. 4 billion will go to consumer relief. Of that 4 billion, half will go towards actually reducing the principle on jp morganheld loans where the value of the mortgage is higher than the value of the house. Some that have money will be put towards restructuring some mortgages to reduce the homeowners monthly payments. And out of the remaining 2 billion some will go towards subsidizing new mortgages for low to middle income borrowers. Some may go to cleaning up properties in distressed areas or tearing down abandoned f
Abortion if it passes. Talks over Irans Nuclear program resume. Some lawmakers are pushing for tougher sanctions against iran. 23 people were killed in suicide attacks outside of the Iranian Embassy in beirut. Alqaeda said it was behind the blast. Those are your headlines. Real money with ali velshi is next. And updates at the top of the next hour. Jp morgan chase paying a hefty price for its part in the financial collapse. Well tell you how the 13 billion deal could help some home others. Also middle class workers getting squeezed by rising prices. And beyond twitter, the search for the next hot tech ipo. Im ali velshi, and this is real money. This is real money. You are the most important part of the show. Join us on twitter at aj real money. Americas biggest bank makes history by signing off on americas biggest legal settlement ever bin a single entity. Jp morgan paid to pay a whooping 13 billion to resolve claims over the sale of toxic securities that helped implode the Financial S
Hello and welcome to bbc news. First, on the eve of americas Independence Day, Health Officials and local leaders are urging people to limit their celebrations, as Coronavirus Infections continue to surge. Texas has seen a record daily increase of almost 8,000 new cases. Its already led to the governor ordering that face coverings must be worn in public in most of the state. Lets speak to professor peter hotez, whos co director of texas childrens Hospitals Center for vaccine development. Thank you for coming on the programme. Thank you for having me. Is this a big weekend for the us and a big test . We are ina very the us and a big test . We are in a very difficult and dire Public Health crisis, and that has to do with the following. We are seeing this very steep acceleration in the number of covid 19 cases, particularly in the southern half of the United States. Across the country, backin states. Across the country, back in april and march, the peak was around 30,000, 35,000 cases, we
Field and avoid liability to shift production to thighland and vietnam. Thailand and vietnam. Oh, thighland. Thats homer simpson. The capital of course is wingler. Nothing but chicken wings and chicken thighs. Isnt that from tuscaloosa from your college days . It is. You have your dreamland and then your gillette and then your thighland. I got to tell you, by the time you its not a pub crawl, its a chicken crawl. Touch them all. By the time youre done through that, youre crawling to class. I told you, as you know, i went to the university of alabama and university of florida law school, proud to be an alum of both of them, Great Southern state schools. Theres actually a guy on twitter yesterday with a dartmouth degree that was trying to explain to everybody that elites did not understand that thailand was actually pronounced thighland. Its a moment, a cult, the cult of trump, its that reminds me alex we need this in the rotation. Where mike pence sees donald trump puts the water on the
And you may recall the senator from such events as this one, that would be the white house rose garden event on september 26th, that dr. Anthony fauci described as a super spreader event for Amy Coney Barrett where senator lee was seen hugging people. And here is lee maskless three days later with judge barrett. He is one of at least 12 people who were at that super spreader event diagnosed with covid. And while he wasnt hospitalized he has had and maybe still has a pretty serious case by his own admission. I had fatigue, i had some fevers, and sometimes i felt like it might feel to be 98 years old and in a boxing match. Mike lee is not fully out of the woods. His doctor today released a letter that acknowledged that while lee is improving, he is basically still experiencing symptoms selfreported, and yet there he was the hearing room today, speaking without a mask, so committed to ramming through a justice, to giving trump and conservatives a 63 majority on the court for a generation