that friday. the search is the biggest in the burbank area in 20 years. 100 fbi agents. 40 sheriff s deputies and dozens more law enforcement agencies so all hands on deck for this situation. okay. we ll follow it. thanks so much. it may not come as news that if you lose $2 billion of your company s money you re probably going to lose your job. we re talking wall street. a bank that had been considered rock solid. the battle days of the meltdown are still fresh in our memories. a name you probably never heard of, ina drew, is the financial headline of the hour. she was the jpmorgan chase executive who oversaw the disastrous trade that her boss spent the entire weekend explaining. it was a stupid thing that we should never have done but we re going to earn a lot of money this quarter. it isn t like the company is jeopardized. we hurt ourselves and our credibility, yes. that we have to fully expect and pay the price for that. christine romans joining me from new york to
for a silicon valley giant. scot thompson had come under fire for patting his resume. he told yahoo! board last week that he has been diagnosed with thyroid cancer. his interim replacement is this man who has been head of global media for yahoo!. he will be working with a new number of new board members today some of the stockholders were very unhappy with the direction that yahoo! was going in and i don t think it is so much scott thompson or the fact that he exaggerated his a resume but i think it is an opportunity to shake up the board yahoo! is planning on a massive reorganization. the company has identified 50 services it wants to shut down or sell governor brown will release his revised budget today in sacramento and based on a higher deficit than anticipated we are now facing a $16 billion hole, not $9 billion we thought he blames the higher deficit on a lower tax revenues and legal blocks to some planned cuts. he says further cuts to public education and pub
gomez say? he believed that ivens is distraught and that he s possibly suicidal. what is interesting about that though is that they would not comment on exactly why they believe that to be the case but obviously they have reason to believe that is indeed the case. they did search his home. they looked for his handgun. couldn t find it. at this point they are assuming he took his handgun with him. do they believe he s still in the los angeles area? not sure. we can tell you this is the third day of searching. he was last seen on thursday night by his wife as she was going to bed. when she woke up the next morning he was gone. he just vanished. she called into authorities at about 7:30 in the morning on that friday. the search is the biggest in the burbank area in 20 years. 100 fbi agents. 40 sheriff s deputies and dozens more law enforcement agencies so all hands on deck for this situation. okay. we ll follow it. thanks so much. it may not come as news that if you lo