This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this Justice Department, to hold accountable people who would manipulate, companies that would manipulate our Financial Markets for their own customers benefit, or for the benefit of the companies. We have, i think, brought a substantial number of those kinds of cases over the past be few years past few year, we have matters that are under investigation. Reporter holder, nor dimon would comment on the settlement talks. The wall street journal reports the government and jpmorgan were still billions apart before this meeting, with federal and state agencies pressing jpmorgan, the bank is trying to clear as many of these potential suits as possible and agreeing to terms with the federal government, making sure it doesnt open itself to other lawsuits. Adam . Lori rich, please stay with us, we want to take it over to Elizabeth Macdonald there in the newsroom. Reporter good to be with you. Remember a few weeks ago talks had fallen through between Jpmorgan Chase co. The fhfa over the mortgagebacked securities from bear stearns, wamu and jpmorgan. And what happened there was a number was leaked by the government to the press that six billion was floated, the talks then broke down. The talks then restarted over a global settlement anywhere, with the Bank Insiders are telling us anywhere from six to eight probes here over mortgagebacked securities. Now the 11 billion figure thats being talked about here would represent half of the projected profits for Jpmorgan Chase this fiscal year. So what were also hearing, too, is that it wouldnt settle the other probes that jpmorgan faces on unrelated, separate probes away from mortgagebacked Security Issues such as libor, other issues that the bank is facing. But ill tell you something, what is a ticking point here and this is key the bank is saying they want to settle a global settlement with all the state attorneys general as well as justice, and they also do not want to have an admission of guilt here because they face class action suits with about 166 billion many mortgagebacked securities at stake in these separate class action suits. If they are hit with having to admit quilt here, that could open the door wider to them having to settle when bigger amounts of these class action suits. So were going to be tracking this developing story. The other thing, too, Bank Insiders are saying the government is putting the wedge to them by trying to hit them with criminal charges in order to get them to settle the civil, civil, civil allegations. And so the bank is also saying, listen, we provided the government cover by buying bear stearns and picking up withdraw knew during the financial collapse. Adam and, emac, you bring up a big question. Does anyone in washington address what appears to be we spent billions of dollars as taxpayers in this country propping up banks like Jpmorgan Chase, although they would say they didnt need it. At the end of day, does anyone in congress or the department of justice talk about the fact that you could weaken jpmorgans Capital Position through the exposure to lawsuits down the road . Reporter you know, adam, thats a discussion theyve been having for a while in washington when you look at some of the capital standards during the financial crisis, the banking regulators wanting the banks to both lend more and increase their capital cushion. So this is the same issue here. You have two different interests within the federal government pulling on different ends of the bank, so there really isnt that discussion of concern about the health of the bank, you just go out and raise more capital, youre profitable, thats something the Justice Department looking at would simply say we are trying to simply settle civilcriminal charges here, nothing beyond that. Let me jump in here because the stock is under pressure. What the bank needs to do is clearly disclose to wall street the dollar amount in their reserves. At one time it was thought to be 18 billion, but if they have even more probes beyond the mortgagebacked securities probes that they have to settle, you know, the sec is probing it, you know, libor problems, you know, hiring practices in china. What the bank needs to do is say, yes, we have reserves for all of these legal and regulatory matters and that in order to appease wall street. The bank stock is lagging in the kbw index, jpmorgans stock is up around 21 , so its hanging in nicely. Lori okay, rich, one more quick question. What is the logical step here . Obviously, the government and jpmorgan far on the settlement figure, whats the next step if the negotiation to get a global settlement if thats the goal . Reporter good question, because youd have to bring all the different stakeholders in. This is part of the mortgagebacked Securities Fraud Working Group that the Justice Departments working with and other state and federal agencies. And as liz pointed out, youve got to want to clear both the state and federal issues out of this not only within the justice d. , but the other entities within the government, fhfa, also looking sec, cftc also looking. So if they can clear this in one scoop, that would phenomenal for Jpmorgan Chase. I think jamie dimon coming down here himself to talk with eric holder is a big step. We dont know how much ground they might have covered there or if they did reach any differences, but its a step. Its a big step. Adam rich edson and Elizabeth Macdonald, thank you very much. Coming up, exclusive details from Charlie Gasparino on all of this. Charlie is on the road right now, but were going to keep with this story. King news today, the u. S. Treasury says it will begin a third round of sales for its General Motors commons stock, one step closer to its march 2014 deadline. As of september, u. S. Taxpayers still own 7. 3 of the company. Shares of gm are taking some losses on that news. Also blackberry is out at brick and mortar tmobile stores. Tmobile will continue to sell blackberry Devices Online but will not stock them, this as blackberry officially puts itself up for sale. Verizon and at t will continue to carry blackberries in their stores. Lori House Speaker john boehner urging republicans to be flexible in order to avoid a Government Shutdown, but can he keep his caucus together among the demands to defund obamacare . If he cant, my next guest says, quote, all hell could break loose. Brad blakeman is a former Senior Adviser to president bush, and were so pleased hes made time to join us on the program. Brad, thank you again. Thank you. Lori the development of the moment here, yet another delay in obamacare. Politico reporting that this time theyre postponing online enrollment in some of the Small Business exchanges scheduled to open october 1st. The white house is denying this because really the delay looks like its just to enroll online. Having said all that, though, this has to be a benefit for the republicans in their case and how they feel about obamacare even if they cant defund it, at least to delay it. Where do we stand right now . Absolutely. And i think youre going to see the next rampup of the defunding of obamacare, and we Start Talking about the concession that were asking the president to do in a debt ceiling and the continuing resolution, and that is letting the individuals off the hook, mr. President , like you did the businesses. I think its unfair for individuals to have that kind of obligation when businesses get a pass for a year, and in addition when the president admits that obamacare is not ready for prime time. Now having said that, we have the immediate crisis of the continuing resolution on the budget that now looks like its only going to be kicked down the road to october 17th, it may be married up with the debt increase legislation that needs to be passed. So we have a bump in the road, and theres a huge pothole coming. Lori so its interesting, right, because republicans who were critical of senator cruz and his faux filibuster, if you will, in terms of defunding obamacare as part of the continuing resolution are now going on with the debt ceiling debate. Why not threaten default . And so now theyre almost jumping on the bandwagon. Is that going to be effective . To a point, because the drama keeps building. But as weve seen, so far our government has been the boy who cried wolf. Weve always gone to that precipice of crisis, and then everybodys come to their senses, and there has not been a default. I think if there is a default, i think itll catch the markets flat because theyre expecting a resolution at the midnight hour like theyve excepted and received time and time again. But if the government shuts down, if we default fault, i think then d default, i think the markets are going to go crazy because of the uncertainty in divided government as to how long itll be. Lori so bernanke may have been on to something when he told us one of the reasons he didnt go ahead and taper was because of this concern over this once again spending battle. Do you agree with we bernankes move in that respect . I do. And i think these are all selfcreated crises by the people we put in government who are supposed to prevent bad things from happening, not make things happen that cause the markets to go crazy. So, look, the ball is in the courts of republicans and democrats. We live in a system of divided government. There must be compromise. For republicans, our battle comes next year in 2014. Feelgood candidates have good policy and get the numbers where then we can effectuate the kind of policy were espousing. Lori so let me just get your last word on whether or not we will see a Government Shutdown. No. We will not see a Government Shutdown, i think well see what weve seen 30 times, itll go right to the midnight hour. Right now a continuing resolution thatll kick the can down the road to october 17th, and then i think both the continuing resolution and the debt ceiling will be tackled together. Lori brad blakeman, many thanks. Adam moving on five years since Bernie Madoffs ponzi scheme unraveled, today there was an arrest from inside madoffser circle. Lori the marijuana commercial that would be a first. Adam but first, looking for a 6. 5 return on your money in the next four months . Why your best bet just may be the forever stamp. The United StatesPostal Service looking to raise prices again. Measure. Had been. [ male announcer ] imagine this cute blob is metamucil. And this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood gar levels. Metamucil. 3 amazing benefits in 1 super fiber. Lori and as we do every 15 minutes, lets check the markets. Nicole petallides is on the floor of the New York Stock Exchange. Hi, nicole. Youre watching facebook top 50 a share. Reporter such a big deal, right . When you saw facebook last year for the ipo, that 38 ipo and it went up to 45, then it went down to 18, and everybody said what happened to facebook . They were all left wondering if this thing would ever recover, in the meantime, its up 90 this year. Hit a new high today of 50. 66 a share. The majority of analysts, 80 of the brokers now have a buy waiting and all those worries about mobile ad revenue, that makes up 41 of their core numbers. There was a little bit of caution out of bernstein today, but they keep a price target that is pretty good. Back to you. Lori thanks, nicole. Adam such a deal. Speaking of deals, the u. S. Postal service is calling for a threecent hike in first class stamp, but it may not be enough. The postmaster general will go before congress to try and help solve its fiscal problems. Peter barnes is live from washington, d. C. With more for us. Peter, Postal Service doesnt have a good track record, do they . Reporter no, not in the last few years, adam. In fact, looking at its seventh year in a row of red ink, of losses, and thats why postmaster general Patrick Donahoe was up on capitol hill this morning pushing hard for a reform of his agency once again because of its deteriorating finances. The Postal Service yesterday proposed another increase in the price of a first class stamp to 49 cents after it increased the cost by a penny just this past january to 46 cents. It says that the new increase would take effect this coming january and would raise 2 billion a year in new revenues. So far this fiscal year the Postal Service has lost 3. 9 billion. It lost 15. 9 billion in 2012. The biggest problem for the service is hefty payments to its Retiree Health care plan. In fact, the Postal Service will again miss an annual payment to that plan, 5. 6 billion due on monday. Donahoe said Congress Must pass needed reforms. If given flexibility and authority to adapt in a changing world, it can meet all of these goals without becoming a burden to the american taxpayer. The choice is simple; greater flexibility and authority now or massive taxpayer exposure and Service Degradation later. Reporter donahoe has previously proposed ending saturday delivery and closing many rural post offices to help save money, but under pressure from congress and customers, he backed down. But committees in the senate and the house are considering legislation that would limit saturday mail delivery as well as reform the way the Postal Service funds its retiree benefits, and the Obama Administration has proposed these kinds of reforms as well. Adam . Adam peter barnes, thank you very much. Were going to switch gears, want to bring you uptodate with the investigation into the ponzi scheme of bernie madoff, and this morning there was an arrest. Madoffs longtime accountant was arrested outside his Lawyers Office in midtown manhattan and will appear later in court. Lawyers tell fox business network, and this is a quote 77yearold accountant is an innocent victim of bernie madoff. He looks forward to clearing his good name at trial. Koenigsburg prepared taxes for the Madoff Family Foundation and was also a member of madoffs inner circle for more than 25 years, also an investor in his london office, so its going to be interesting to see what happens. We have a trial start anything october, several of the employees of the firm as well as the deadline for prosecutors to bring charges comes on the fifth anniversary. Theyve got to get them in. Lori what a saga. Well, weve told you about the hedge fund and firms buying up homes just to flip them for profit. Why now thats coming to a screeching halt. Anthony sanders on the end of the home gold rush. Adam and later, the classic joke that wasnt too funny for one bartender. The real story of a bear walking into the bar. You dont know how this one ends. Nascar is about excitement. But tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. They always have. They always will. Thats why you take charge of your future. Your retirement. Ameriprise advisors can help you like theyve helped millions of others. Listening, planning, working one on one. To help you retire your way. With confidence. Thats what Ameriprise Financial does. Thats what they can do with you. Ameriprise financial. More within reach. 23 minutes past the hour, hi, everybody, im jamie colby. We have some new pictures to show you of the mall in kenya. There are floors blown out, some of them presumably by the authorities when they set up explosives on their way in. The death toll stands at 67, expected to go higher. Meanwhile, divers have found human remains near the wreck of the Costa Concordia cruise ship. There were two passengers onboard that ship that were never found. The search resumed after the ship was brought upright last week. 32 people died when the ship capsized in january of last year. And newark mayor and new jersey sena