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
manassas because lake levels were 6 feet above normal. there is a chance of more heavy rain later today. obviously that would be problematic in these regions. joining us with more on that, tucker barnes with the latest forecast. good morning. yeah, right now we are doing fine just clouds, but later today, potential for more heavy rain as you guys just mentioned. let s get right to the radar. the light green you see that is the flood warn which can continues for prince william county until 10:00 a.m. this morning. nothing happening at the moment but overnight they picked up rain south and west of the city. here is what is happening a frontal system you can see it on radar south and east of washington and with that in the neighbourhood that will serve as a lifting mechanism, focal point for more showers and thunderstorms to bubble up. once again showers and storms back in the forecast. temperatures now, warm and humid, 67 regan national, 65 fredericksburg, 63 ocean city, wi
dana: chris wallace won his jeopardy round. congratulations to him. robin gibbs, beegee died at 62 yesterday. cause was complication from cancer. his paternal twin maurice gibb died of a twisted intestine in 2001. i love the beegees. bob did. bob: two of them. him and donna summers in one week. terrible. greg: i think, you are too young to be dana: everybody knows beegees. greg: they were my seventh and eighth grade prom when you learned how to slow down. the worst clothes. saturday night fever. kimberly: the worst guy to slow dance doto is stai stairwastairway to heaven wite wrong guy. i hope my legs give out. greg: banned word of the day is extraordinary. it used to be people used great. he is a great guy.
good or bad equity. they are a little in trouble and running out steam on the issues. nice shot out of chicago, his hometown. kimberly: a nice touch. eric? eric: i stood here, eight minutes the president spoke. he gave his speech. 28 minutes of q&a. six questions, three on afghanistan, one on the g-8 and one on chicago. the most important one for me, at least politically was the question on corey booker. he spent the most time on that one. talked about the difference between private equity and big government. said private equity isn t necessarily the right way to go. there is an important, a line he said. 4:38 eastern time he said the campaign is going to be about this. that is important because if president obama wants to make the campaign about bain capital or private equity is good or bad, he will have a tough time. there are people out there, including corey booker and steve ratner, his car czar and harold ford junior another democrat that says don t make it about tha
steven sanger who has a book coming out about decisions leading up to getting the u.s. troops out of afghanistan. and ending that mission. dana: that was the first bit of news. the second was reactionar after yesterday s news about continuing attacks from the obama camp against romney on bain capital. a private equity firm that romney worked for. newark mayor, corey booker a surrogate for president obama, supporter and somebody they think should speak on their behalf. yesterday on meet the press said how he felt under pressure. president obama had to answer that, and i d say from his perspective, he answered it as well as he could. but splitting hairs on what is good or bad equity. they are a little in trouble and running out steam on the issues. nice shot out of chicago, his hometown. kimberly: a nice touch. eric? eric: i stood here, eight minutes the president spoke. he gave his speech. 28 minutes of q&a. six questions, three on afghanistan, one on the g-8 and one o