Will get 300 million from jpmorgan and the remaining will be split between the securities and Exchange Commission and the uks conduct authority. We do not know whether jpmorgan has admitted wrong doing. The firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. But we havent seen a formal admission of guilt to a regulator. That is expected, if it does happen, to come in the release from the securities and Exchange Commission, which we have not seen hit the wires yet. But this is a coordinated settlement with all of those four regulators, 920 million in fines. There are a lot of allegations outstanding at the department of justice and cfdc and reported criminal investigations ongoing as well. Certainly this is a major milestone for jpmorgan in set e settling these issues but theres a long way to go. Kayla tausche, thank you very much. Kayla mentions the number of agencies tha
Take your pick, mr. President. Thank you four a great two hours. Squawk on the street begins right now. Congratulations to the alabama crimson tide, winners of the bcs College Football championship for a second straight year. A third time in the last four years. What a run. It good morning, welcome to squawk on the street. Im melissa lee, live from the new york Stock Exchange. Lets see how were setting up on this tuesday morning. The futures look like were tulg back here. T take a look at the picture. Interesting Economic Data points out over there. Eurozone hitting a record high. But a measure of consumer and Business Sentiment actually rose for the second straight month in the month of december. A road map this morning starts in china, where young brand said samestore sales are set to disappoint. Is this a sign that a reacceleration of a timeless economy may not materialize after all. The ceo of sears is stepping down citing Family Health matters. Does the fund manager have enough Re
And now may be out of a job because of bullying allegations. How do you manage a situation when it gets out of hand at work . First, though, lets go to sue at the new york Stock Exchange. Big turnaround today, sue. Absolutely. A huge turnaround. The day didnt start off well for the bulls. We were down triple digits. We have as you can see from the chart had quite a turnaround, now down 6 points on the trading session after a loss of 117 earlier on. One reason could be the oil market. Take a look at brent crude, down 2. 5 . Just in the past week. Gasoline prices are down. The thought is that is going to help the consumer. Lets check the tenyear, what a lot of people are watching, were at 2. 6 . Ash cashin saying if we start to see that creep closer to 2. 7 we might see fresh selling come into the market. Stocks remain near record highs a new king in the mutual fund industry. Pimcos bond fund no longer number one. Dominic chu is back at hq with that. Hi. Hey, sue. Its been years in the m
Levels an hour from now is very much in question. Some now wondering what exactly the fed sees in the economy that had them keeping their foot firmly on the gas pedal as far as easing Monetary Policy. Is it housing . Is it unemployment . Is it just a sentiment that is just a slow pace in terms of Economic Growth . I think its job growth not Strong Enough yet. And the Inflation Expectations are not high enough yet. I think those two are very key for the economy right now. Ditto, it tditto. Throw in there the idea that rates have already moved up. That has put a bit of a crimp in the mortgage market. They dont want that to persist. Since this is the one area of the economy that has been doing so well. Well talk about all this in the hour to come. Also today, carl icahn says americas board rooms are broken. He knows how to fix them. A scathing oped in the wall street journal today. Hes with us live, exclusive, with a lot more to say on the issue. Who will his next target be . You dont wan
More fast coming up tonight. How is the day going to end . We go to power lunch for some clues right now. Halftime is over. The second half of the trading day starts now. And indeed it does. President obama unveiling his plan it stop gun violence. With sweeping changes to gun laws. What they would mean for the gun industry and for owners. And more trouble for boeing 787 dream liner. Is it becoming a nightmare . New problems and the stock getting slammed today. Japan airlines grounding all of its 787s after an Emergency Landing. Smoke detected on that plane. Will more carriers do the same . And lululemons stock down. The street not happy with its outlook but yoga retailer ceo said her guidance has been misunderstood and she will join us exclusively to explain. My partner, sue herera, is at the new york stock exchange. Hi, sue pz president obama unveil be his plan for tougher kbun gun control, including banning military style assault rifles and tougher back ground checks. Some have to ha