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to testify soon. and that day has come. we ll tell you which airline will let you use a cell phone during your flight. dramatic new developments today in the battle between washington and wall street. an fbi source tells cnn the government is looking into the $2 billion trading loss by one of the nation s largest banks, jpmorgan chase. today bank ceo jamie dimon assured shareholders that jpmorgan chase is strong and can with stand the loss. he was speaking today in tampa and played down the sudden departure of the chief investment officer or cio ina drew. while we have taken loss of the cio, no clients were affected, no customers suffered as a result of our mistakes. the bottom line is that however unfortunate this incident is we want to do what we always do admit our mistakes, learn from them and fix them. i m confident when we are done here we ll with b a stronger confident. the shareholders voted to let him keep his job. they also voted to let him keep his ....
thank you for joining us. we ll start with the brutal meetimee beating of protesters in cairo fueling the fury in egypt. the violence means all bets are off for egypt s political future. we spoke yesterday, mohammed. this video and the fact that people are it s being caught on tape, it s really fueling what s going on there? well, since we spoke, don, the clashes have still been on going between the protesters and the police and the army. today the video we acquired the video of the woman that was beaten severely and stripped of a substantial amount of her clothes, i spoke to the man who filmed the video, and he was very devastated because when he was filming he saw how brutal the army was. they were beating elderly, children, and the girl herself was extremely beaten. just now i spoke to a friend of hers, and she told me that the girl does not want to speak to the media. she s worried that the situation might be escalated. her parents still don t even know what h ....
aircraft, that p-51. this is what ntsb officials had to say just a little while ago. take a look. for new information, first of all, there had been reports about a mayday from the pilot. thus far, our investigators have found no information of a mayday call from the pilot. next, the investigators have found that the accident aircraft was equipped with a video camera, facing outward. they have also found camera fragments at the wreckage site. and among the wreckage site, they have found multiple memory cards that could have come from the camera. reporter: so, don, that s what we know at this point. all of that information is going to be shipped off to the ntsb lab in washington. we should tell you that this would have been the very last day for these races. normally, there would be thousands of people out here. of course, a huge economic loss for reno, the fact that they had to cancel the weekend, the economic loss is going to be in the tens of millions of dollars. t ....
won t support deep cuts without increases in taxes. if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change america s unsustainable economic path. what do you think? do that you think that opportunity is lost? well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it s gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here s the question that is coming out. and that s. the house republicans are now pushin ....
to be severe. welcome to your money. i m ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nation s bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he won t support deep cuts without increases in taxes. if you re trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and is not going to be something that i would support. david gergen is cnn s senior political analyst. david, there was a time when republican house speaker john boehner and president obama both talked of doing something big to change america s unsustainable economic path. what do you think? do you think that opportunity s lost? well, a week is a long time in politics. it can be a lifetime. i think what s now clear is that the ....