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now almost up 30 cents in just a month. what's behind the price at the pump and what you'll be paying come labor day. the big one. startling new report out saying oregon could get rattled by a major earthquake just like the one that struck japan. a 9.0, not if, but when is the northwest ready? and robin hood, robbing from the rich and giving to the poor. the mythical character now front and center in the political fight over your taxes. the president has a brand-new punch line aimed at mitt romney. >> it's like robin hood in reverse. it's romney hood. >> sherwood forest hasn't se...

long. welcome everybody. welcome to early start. i'm ashleigh banfield. >> good morning. i'm alina cho bringing the news from a to c. >> so weird. we have the alphabet all mixed up. >> anger, sadness and overwhelming shame at penn state. a scathing report conducted by a former director of the fbi, leaving the school and its legendary coaches shattered. saying joe paterno and top university officials not only hid but empowered a child predator in jerry sandusky. the outrage is spreading so quickly there are calls to tear down a statue of paterno that stands youds of beaver stadium. wi...

this morning the olympic committee responds. "newsroom" begins right now. good morning. happy friday 13th. i'm carol costello. we begin this hour with a very bad day for the nation's biggest banks. jpmorgan chase and its ceo jamie dimon are opening their books and telling us just how much money the firm lost in a bunch of risky trades. the blunder stunned the financial world and fueled more debate on whether banking regulations are tough enough. alison kosik is at the new york stock exchange and has been listening to a jpmorgan conference call this morning. alison, what have you he...

good morning to you. welcome to "early start." aim zoraida sambolin. >> i'm ashleigh banfield. it's 5:00 a.m. in the east and 10:00 a.m. in london. live pictures to bring you from london. this is a climax of a weekend of events marking the queen's diamond jubilee all getting underway in london. we're getting ready for a service called the thanksgiving service at st. paul's cathedral. the motorcade is filled with the junior members of the royal family. they're the first to depart their various palaces. they're going to arrive shortly at st. paul's. at the same time, the senior members...

i'm erin burnett, "outfront" tonight, iran. we begin with a new report on iran's nuclear program an 11-page release from the international atomic energy agency. the conclusions reveal the doubts and suspicions about what the iranian government the telling the world about its nuclear efforts. iran says its nuclear program is for peaceful purposes including cancer treatment. we read the report and it does not say that iran is making a bomb, but it does say that iran is rapidly expanding its nuclear activity and we consulted experts today including scientists and forler wens inspect ins...