good. i m not going to be able to get through this. later this half hour, what makes the new movie chapter of the old snow white story so different? the cast tells us it s all about the action. an upgrade for snow white. the head of jpmorgan chase could face a tough crowd at the annual meeting in tampa. jamie dimon has now accepted blame for the $2 billion trading mistake. the error has cost the bank almost $20 billion in market value. huge loss for stockholders. our coverage begins with abc s scott goldberg. good morning, scott. reporter: morning, rob and diana. this could be some day for jpmorgan chase and its ceo jamie dimon. today is the bank s annual meeting in tampa. some shareholders want dimon s power limited. they won t be satisfied with
coming up in just a for u few minutes on msnbc, president obama turns his attention back to the economy after a big day raising cash in l.a. and seattle. our power panelists will weigh in on that as well as chris hayes. the man hunt ends for adam mays. the girls he kidnapped were found safe. we ll bring developments on that. and the $2 billion blunder. the huge trading mistake that cost the biggest bank bigtime. the numbers unbelievable. very large. thank you so much. baby talk, surf s up, and a unicyclist. it involves tossing babies to a
pistol from his waistband and shot himself in the head and was later pronounced dead at a local hospital. other agents moved in to rescue kyliyah and alexandria who were lying on the ground nearby. the girls were hungry, thirsty, and dehydrated. the head of the biggest bank in the country is admitting to a trading mistake that cost jpmorgan chase $2 billion and counting. jamie dimond made the surprise announcement during a conference call yesterday. he said the loss was a case of, quote, bad judgment. we ve more work to do, but it s obvious at this point that there were many errors, sloppiness and bad judgment. we re going to management it. we re not going to do something stupid. we re willing to hold as long as necessary inventory and we re willing to bear volatility. the improving economy is actually not good news for some americans who have been out of work for a long time. they re going to lose their unemployment checks as of this week. as the economy actually gets
beats. the dow down 350 at the close might somehow feel like a minor victory. in one gut-wrenching hour, the dow dropped nearly 1,000 points why? there is more than one reason and we will break them down in just a second. but first, let s take a closer look at the plunge and the partial recovery are. for that we will wander over here a second and watch how the day played out on wall street. the dow began here. look, you see this as the trading plays out. right around 10,800. seems like a pretty flat day mostly. here we are at the 1:00 hour, the market has lost a little bit but a straight then. then as we get into the 2:00 hour, you see starting to drop there. some concern and then, bang, all the way down 997 points at the bottom then started to trickle back up and it closed the day here, down just shy of 350 points. a remarkable drop and then, boom, back. the debt crisis in greece and across europe was one huge factor. a trading mistake was another. and there are some who say the uncer