think. you know, the gdp comes out for the third quarter, 2.9%. i don t think it was a 2.9% quarter. they ve got way better figures than i do. you think it was lower than that? yeah. what signs are you looking at? i look at everything. we have 70 different businesses. railroads to fruit of the loom underwear. i love numbers so i get it on a realtime basis. what do you see? the federal reserve are getting a thousand times as many figures and they ve got all kinds of people working on it. if i had to bet, if they were revising the third quarter, it would get revised downward. the economy is not growing at 2.9%. markets move on your words. you re seeing a softer economy. i m buying stocks. what is it? you ve said before, periodically financial markets will be divorced from reality. it sounds to me like financial markets don t have to go with business. right. but are they divorced from reality right now?
they have been planning, that and doing the tabletop exercises, and looking at every possible scenario, and communicating it on the realtime basis to make sure it goes off without a hitch. and the pope, as you know, he likes to interact with the public out there, and real people, and how do you protect him when he goes into the crowd, jim? well, more made out of that than should be, because the secret service is ready for, that and ready for any visit of any protectee they have. and with the pope, this is significant with his visit to the united states. and they plan for, that and they are prepared for, that and they will have the buffer zones in certain areas to have civilians and guests there that the pope can reach out to touch, and that sort of thing, and they will be prepared for him to do that and what is more significant if he were to go outside of that general, you know, forecasted area that he might want to shake hands with and go outside of that, and that is when the head
constraints of the airline industry? you know, i think it is to some extent. even with the black boxes that we have now they started out with just a certain bit of finite data, altitude, heading, airspeed, and that sort of information initially when they first put black boxes on the airplanes. i think that what is practical is basic heading information, some location data information. the idea that all 10,000 points are there s actually 82 tracking points, but as many as 10,000 data points could be transmitted on a realtime basis is impractical at this point, i think. but there s a lot of information that with very little effort can be done to track the aircrafts so we can t just lose an airplane like we have right now. that would be good. david soucie, thank you very much. kate? thanks, chris. coming up next on new day, a teen s unbelievable tale of survival has so many people wondering how he made it across the pacific ocean traveling
all planes as they are flying? certainly they push for that. i mean, i think most people would welcome that. pilots certainly would at this point. the world is watching and it brings a point, too, that we aren t actually tracking on a realtime basis these airplanes, nor do we have the ability to prevent someone from turning that tracking off, very confusing in this case. tom, it would seem at this juncture, you know, talking about over three weeks now, entering our fourth week of looking for any kind of, you know, evidence or semblance of this flight, passengers, crew, et cetera. it would seem that all of this evidence to help point in the direction of what caused this is just not reachable. is that your view? do you feel like if we ll ever really get to the bottom of what happened here? that s true, fredricka. what you have is information and you don t always have good information or true information. it s not evidence. evidence is you have a fact. you have a piece of the airpla
to testify soon. and that day has come. we ll tell you which airline will let you use a cell phone during your flight. dramatic new developments today in the battle between washington and wall street. an fbi source tells cnn the government is looking into the $2 billion trading loss by one of the nation s largest banks, jpmorgan chase. today bank ceo jamie dimon assured shareholders that jpmorgan chase is strong and can with stand the loss. he was speaking today in tampa and played down the sudden departure of the chief investment officer or cio ina drew. while we have taken loss of the cio, no clients were affected, no customers suffered as a result of our mistakes. the bottom line is that however unfortunate this incident is we want to do what we always do admit our mistakes, learn from them and fix them. i m confident when we are done here we ll with b a stronger confident. the shareholders voted to let him keep his job. they also voted to let him keep his $23 mi