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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 ....
out of the deep hole that was caused by the severe recession. end quote. christine romans has been crunching the numbers in new york. it s a hard report to spin, christine. it really is. you can t spin it. 69,000 jobs created in the biggest economy in the world. that is really disappointing, half what they thought. 8.2% is the unemployment rate. it went up a little bit, because, keira, more people were getting into the labor market. they ve been discouraged in months past, trying to get back in to try to find a job and unsuccessful. when you look at the trend, you can t spin the trend, either. you have three months of more than 200,000 jobs created right there. and then this is the slow down. one, two, three. that is the slow down there that shows you, quite frankly, that things are not as rosie as they should be at this stage of an economic recovery. and it looks an awful lot like it did last year. one last thing i want to show you, keira. this is how many private se ....