and george zimmerman has less than 48 hours to report to jail. this is bad news for his trial. that s all outfront tonight. i m erin burnett. outfront tonight, stocks tank. the dow plunged 274 points today. it s the biggest drop since november. it was a really bad day and the reason was a terrible jobs report. usually using adjectives like this are sometimes a bit much for the markets but it s the way it was today. american employers added a meager 69,000 jobs which is about half the number needed just to cokeep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high
i m erin burnett. outfront tonight, stocks tank. the dow plunged 274 points today. it s the biggest drop since november. it was a really bad day and the reason was a terrible jobs report. usually using adjectives like this are sometimes a bit much for the markets but it s the way it was today. american employers added a meager 69,000 jobs which is about half the number needed just to keep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high since the great depression. that was when fdr won and at that time unemployment was 13.7%. what s happening? we went to find out.
outfront 1, breaking news. america s biggest bank hosting an emergency call as its stock falls. why? jpmorgan is facing significant losses and says it took more risks than it should have. the losses to this point, the company says, to the tune of $3 billion. here s some of the things the ceo jamie diamond just said moments ago on the call. he said the trades were, quote, flawed, complex, poorly reviewed, poorly executed and poorly monitored. these were egregious mistakes and self-inflicted. just because we were stupid doesn t mean anyone else was. there were many errors, sloppiness and bad judgment. now, this adds to what the company released in a filing today, which is amazing. quote, this portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed. the portfolio in question, a portfolio of synthetic credit securities. i ll get to that in a moment. but this is bigger than jpmorgan. the wall street journal wrot
the chinese activist at the center of the firestorm interrupted a hearing, cried out for help. chen guangcheng the blind chinese dissident who sought refuge in the american embassy in beijing called into the emergency hearing about his case and pleaded through a translator you can see the call happening, asking specifically to speak with secretary of state hillary clinton. translator: i really fear for my other family member s life and we have installed radio cameras and even with electric fence. now, all of this comes after a whirl wind day of developments that forced the u.s. to explain why chen said he wanted to leave. he said he needs to leave for his safety. and that put ambassador gary locke on the defensive. this was his decision and he indicated of what he wanted. he had the option of staying in the embassy for years if necessary. congressman chris smith spoke to chen today. he was overseeing that committee hearing on human rights. he is outfront tonight.
well, good evening. i m erin burnett. we have breaking news tonight. extraordinary scene on capitol hill today. the chinese activist at the center of the firestorm interrupted a hearing, cried out for help. chen guangcheng the blind chinese dissident who sought refuge in the american embassy in beijing called into the emergency hearing about his case and pleaded through a translator you can see the call happening, asking specifically to speak with secretary of state hillary clinton. translator: i really fear for my other family member s life and we have installed radio cameras and even with electric fence. now, all of this comes after a whirl wind day of developments that forced the u.s. to explain why chen said he wanted to leave. he said he needs to leave for his safety. and that put ambassador gary locke on the defensive. this was his decision and he indicated of what he wanted. he had the option of staying in the embassy for years if necessary. congressman chris