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.
actually, heaven forbid looking better and the way to approach that is to say we have enormous, crazy spending and obamacare, a dragon that must be slain and assaults on your liberties coming from this president, economically and socially, and, i want the job numbers to get better but i want governor mitt romney and, have the message they can use to win, nonetheless. in a move to win over female voters, the white house unveiled the julia campaign, show casing the fictional julia and how the president s policies helped women from the moment they are born, and call that for a moment, she s at three years old, for example, and, it says, because of the steps president obama has taken to improve programs like this, she joined thousands of students, across the country who will start kindergarten ready to learn and succeed. and under mitt romney saying he will cut head start programs, like this, by 20%, and the other side, people who are conservative and who don t agree with this, are sayin
it s something that we have studied and this summit is show casing effectively the stores and solutions to these very, very deep problems. i want to salute, obviously my family is a coowner of newsweek but tina brown has done something magical. she has. let me follow-up on what you just said. rowsy, you are leading the fight in human trafficking in a place where it is the drug cartels who are profiting from this. and this is a life and death struggle. yes, it that is been very, very hard struggle but you and, for example, mexico to do the blue heart campaign, that is why we are wearing this blue heart. that has helped to be more sensitive and there s been media who has been sensitive and my president, my first lady has
saturday at the conference in south carolina. his speech expected to focus heavily on the texas economy, half of the jobs created in this country, in the last two years they were in texas. republicans are going to point to that as a success story. democrats say not so fast. most of those jobs are low wage jobs. democratic source told me earlier today, governor pair vee all hat and no cattle. but after the speech in south carolina, anderson, he heads off to new hampshire and he taped an interview with a tv station. he s making all of the moves of a candidate tonight. he s also headed to iowa this weekend but not taking part of the ames straw poll, is sne. that s right. this was designed to steal the show from the ames straw poll this weekend which is where all of the other republicans are. it s become a gop beauty pageant. sarah palin stepped on rick perry s story. now he is stepping on hers. welcome to 2012, anderson. yeah, just beginning. jim, thank you very much. the
i am sorry it happened and went down that way. it was not my character. new york, strong winds taking three play bounce houses and the inside of them on a wild righted. witnesses say they rose several feet off of the ground . 13 people suffered minor injuries. talk about a dog. canines catching wave in an annual dog surfing competition. six of them waxing up the board and getting the paws wet. it raised money for charity. each pup show casing its style. and we showed you the fires burning in arizona. one is planning a path of destruction at the rate of the 54,000 acres a day.