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in the united states and around the world. i m wolf blitzer. you re in the situation room. the race for president of the united states is getting more brutal by the day. we begin this hour with mitt romney responding to a firestorm of controversy, surrounding his taxes and his time at bain capital. and he s accusing the obama campaign of stooping to a new low. our national political correspondent jim acosta had a chance on friday to interview romney. it was an excellent interview. thank you. and there were some real nuggets that we got out of it. that s right, wolf. the main issue we wanted to get to wasis role at bain capital and when he left that private investment firm. we asked mitt romney why his name still appears on government documents as the ceo of bain capital after 1999, the year he has said he left the company. that i left any role at bain capital in february of 99. and that s known and said by the people at the firm. it s said by the document ....
it is $5.8 billion and counting. that s how much the nation s biggest bank said it lost so far from a complex trading scheme that was supposed to hedge against risk. the updated figures came in as the ceo jamie dimon personally briefed analysts on second quarter earnings which still managed to beat expectations. team coverage this morning, alison kosik live at the new york stock exchange to explain how this could impact all of our wallets. let s start with felicia taylor. you re at jpmorgan chase headquarters in new york. we have a healthy bank, o do we have a healthy bank i guess judging by overall earnings? reporter: actually, we do. the point is let s look at the numbers and what we know now as a result of that risky trade. as you mentioned, a $5.8 billion loss. nevertheless, the company was able to absorb the losses and make $5 billion in the second quarter. so when you talk about the health of the bank, no question about it, they had earnings that outpaced expect ....