that s all for us tonight. tomorrow night, i grill newt gingrich. anderson cooper starts now. what an extraordinary day it was. the first day of the conclave to elect the next pope. there is breaking news at this hour. the totally devout involving one of the cardinals right behind me. cardinal roger mahoney of los angeles. we are learning that the church has settled four lawsuits against the arch diocese he ran and one naming him as a defendant. four men allegedly naming him as boys collecting $10 million in total. that priest pleaded guilty in molesting boys. he did time. he s no longer a priest. he s not a long.
thank god i m not on facebook any way. anderson cooper, 360 from rome starts right now. thanks very much. good morning, everybody on what has been an extraordinary day in roam. we ll have complete coverage. there is breaking news at this hour involving a cardinal down the street behind me. cardinal mahoney of los angeles. the church settled four lawsuits against a diocese he ran. four men abused boys collecting nearly $10 million total. they were abused by a priest during the 70s. six years ago, he pled guilty to molesting boys. he did time. he s not alone. nor is cardinal maloney accused of protecting criminals.
and one naming him as a defendant. four men allegedly naming him as boys collecting $10 million in total. that priest pleaded guilty in molesting boys. he did time. he s no longer a priest. he s not a long. there are many around the world and several are here in rome trying to spend another day to elect a pope. they are secluded right now. sworn to secrecy. the only means of communication, the colors from the smoke from the ballots they burn. a black or a white answer. so, today, the first ballots burned and the answer went up in smoke, black smoke, no decision. chances are though, the field has been narrowed. chances are a handful of men went to bed last night thinking it could be me or it might actually be me. a mind-blowing day to end the
as another tool for the officers to effectively respond if that worst case scenario does happen. what s the likelihood that an innocent party will be injured or killed if they to the gun. i am opposed to guns in schools at all. the police chief says there is no intelligence suggesting a threat. this is all about being prepared. interesting topic. that brings us to our facebook question of the day, are schools and police overreacting to potential for campus violence? let us know at wnnfans.com. expect a lot of reaction. we look forward to your feedback. and a new biography about the life of joe paterno reveals that paterno and jerry sandusky despised each other. the book paterno says there was tension between the two before sandusky was accused of molesting boys. joe pa felt that sandusky paid more attention to his charity and children than the football team. penn state fans were eager to get a copy of the new book.
it is $5.8 billion and counting. that s how much the nation s biggest bank said it lost so far from a complex trading scheme that was supposed to hedge against risk. the updated figures came in as the ceo jamie dimon personally briefed analysts on second quarter earnings which still managed to beat expectations. team coverage this morning, alison kosik live at the new york stock exchange to explain how this could impact all of our wallets. let s start with felicia taylor. you re at jpmorgan chase headquarters in new york. we have a healthy bank, o do we have a healthy bank i guess judging by overall earnings? reporter: actually, we do. the point is let s look at the numbers and what we know now as a result of that risky trade. as you mentioned, a $5.8 billion loss. nevertheless, the company was able to absorb the losses and make $5 billion in the second quarter. so when you talk about the health of the bank, no question about it, they had earnings that outpaced expectation.