are. it was from the london office, which was supposed to be balancing risk. but the portfolio got too complex. and they lost control. reporter: the chief executive dismissed it as a tempest in a tea pot. he now admits the blunder has shaken it to its core. we don t take it lightly, diamond dimontold analysts. reporter: even with the giant loss, jp morgan chase made a profit last year. an lifts point out that jp morgan s loss may be another bank s gain. someone has made a huge profit. there is another side to this trade. we just don t know who that is. reporter: reporter: we also don t know if the damage is over yet. dimorn admitted the bad trade could lead to future losses, as much as $1.7 billion. in new york, i m alison harmelin, wjz eyewitness news. jp morgan chase news was better than expected and lifted its stock. that had an impact on the market. dow was up. s&p up. and nasdaq up 43. secret service is looking into a report of a washington, d.c. poli
of an accident in howard county. another problem along pulaski highway. no problems to report on the j.f.x. that is running smoothly into town. 11 minutes on the outer loop side. the outer loop west side. a live look outside in our cameras. 295 picking up in volume. we re seeing some intermittent brake lights. this is 50 at sandy point. looking at a nice start at the bay bridge. that is the latest on traffic pulse 11. a major announcement of anne arundel county concerning the police chief. after receiving a no- confidence vote from the police union, the police chief said he is stepping down. jennifer franciotti is live in the studio with more details. good morning. the no-confidence vote came after teare was accused of not doing anything about county executive john leopold s alleged misuse of police details for personal and political use. until a full-time replacement is found, major pamela davis will lead the department. she is a lothian resident. she has been on the
anne arundel county concerning the police chief. he received a no-confidence vote from the police union. he said he is stepping down. jennifer franciotti has more details. the no-confidence vote came after he was accused of doing nothing about john leopold. pamela davis will lead the department. she has been on the police force since 1993. she will be the department s first female police chief. she holds a master s degree from johns hopkins. i think that is a good step. but i do think in the long time, because of what the department is going through and because the will be more investigations, they probably need to do a national search. the announcement of the retirement of james teare was made on wednesday by the state s prosecutor s office. jennifer franciotti reporting live. the fraternal order of police submits a report outlining major problems that they say need to be fixed. among them corruption and high crime as part of a massive overhaul of the department. t
first warning weather. it s still 62. that s 3 degrees warmer than this time yesterday. 81 at lunch. a high in the upper 80s today. getting hotter, but not getting humid just get. good morning. we have two pretty big ones. the biggest one is going to effect you on 295 leaving the city at 648. that s at water view. we have a fatal accident. it happened just before 4:00 a.m. this morning. it s expected to be there for a while. take southbound 95 or southbound washington boulevard to get around that. we also still have fire equipment on the scene of a two alarm building fire west baltimore street. all lanes remain blocked there. take west lexington instead. speeds still lacking good on the looking good on the beltway. 83 looking good. traffic is extremely light in that particular shot. there s a look at the west side of the beltway, slightly heavier but no delays. wjz 13 is always on. for traffic information log onto wjz.com. here is what people will be talking about tod
boulevard as your alternate to southbound 295. baltimore street is shutdown in the city between stockton and carrollton because of fire department activity. west lexington is a better bet. another problem, a closure in harford county. 136 is shut down at the broad creek bridge. 11 minutes on the outer loop side. five minutes to travel south and 95 from the 895 split down to the fort mchenry. here s a quick live look at traffic. we switch over to some building volume on the west side. those delays will be falling into place very soon. that is the latest on traffic pulse 11. a domestic violence suspect is in critical condition this morning. investigators say police had no choice but to get physical when the man resisted arrest. jennifer franciotti is live in towson with more on that. the girlfriend is telling a different story. she said police went too far. investigators said they did was necessary to take the suspect into custody. the mother of this children says police