this morning the olympic committee responds. newsroom begins right now. good morning. happy friday 13th. i m carol costello. we begin this hour with a very bad day for the nation s biggest banks. jpmorgan chase and its ceo jamie dimon are opening their books and telling us just how much money the firm lost in a bunch of risky trades. the blunder stunned the financial world and fueled more debate on whether banking regulations are tough enough. alison kosik is at the new york stock exchange and has been listening to a jpmorgan conference call this morning. alison, what have you heard? if you re totalling up the losses so far this year from those trading losses from the risky trades, what it adds up to is $5.8 billion. that s almost triple what was originally thought. but jamie dimon said they could get bigger by another $1.7 billion. keep in mind just because the trades were discovered and announced to everybody, you know, they can t just suddenly be stopped. so what has
through, big time. painkiller prescription. oxcontrin makers planning to test their drug on children as young as 6 years old. the cash behind the candidate as big corporations give millions to obama and romney. cnn digs into who s raking in the most green. will the election be decided by wall street and not main street? and home of the beret. the u.s. olympic team in french hats and blue blazers. do these guys look ready for the olympics or a croquet match in the hamptons? good morning to you. i m carol costello. thank you so much for joining us. we begin this morning with a terrifying airline flight into miami. this morning, we are learning just how bad it was. flight 1780 was en route from aruba when it slammed into turbulence on its initial descent about 30 minutes before landing. pilots landed without major incident but a dozen people were injured, five of them taken to the hospital. i never felt something like that in the past. basically, we didn t know anythin
governor paul la page. and records smashed from the midwest to the east coast. and now a new record. this past year has been the warmest ever for america. so turn up the ac, grab a cold drunk. cnn newsroom begins right now. good morning to you. thank you so much for joining us. i m carol costello. right now, president obama is just about to head to the heartland. he is visiting the battle ground state of iowa and reaching out to middle class voters. that s who would most benefit from his plan to extend the bush era tax cuts. here s what s going to change. basically if we don t do anything, everybody s taxes go up at the end of this year. now, understand what i m proposing is 98% of america, 98% of american families, won t see their taxes go up according to my plaque. plan. the only folks who would see their taxes go up would be the top 2%, folks like me who don t need those tax breaks, are doing just fine without them. republicans will seize the spotlight first in
jerry sandusky s child rape accusations. one from the university s president says dealing with the sex abuse within the school was, quote, humane. it s a cnn exclusive. plus return to power. the political party that ruled mexico for 70 years is back. you re looking at mexico s projected new president, pena nieto. on his agenda reduce the violence from drug cartels that seem to rule the country, but can he do it? a rematch is on or is it? this photo finish was too close to call so these two runners are duking it out tonight fighting for that olympic dream but now reports suggest one of them might not run. newsroom begins right now. and good morning to you. i m carol costello. thank you so much for joining us on this hot monday. we do begin this hour with the brutal heat smothering millions of americans. for many of you, it is downright dangerous. a massive weekend storm toppled power lines from indiana to maryland. this morning nearly 2 million people still have no way
treatments. a doctor got to choose the winner. good medicine or playing god? newsroom starts right now. good morning to you. happy friday. i m carol costello. we begin this hour with two stories sharing a common theme. the inescapable and unrelenting force of nature. well the left, the wildfire gnawing at the edges of colorado springs. today, growing deadlier and bigger. on the right, a record-setting heat wave that will have millions of americans sweltering today. intense heat will blanket most of the country. look at all those 90s and 100s. that s drawing dire health warnings especially for the very young and the very old. our affiliates in kansas city, missouri, say the intense heat wave may be to blame for two deaths there. so be very careful today. nowhere is the heat more a factor, though, than in colorado. the heat coupled with raging wildfires have made it an inferno. this morning, the state is awakening to a bittersweet designation of federal disaster area. tod