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later, a star-studded concert. ♪ >> reporter: the house of windsor has been riding high on a wave of pride and admiration among their countrymen and beyond despite austerity at home. even this video of prince charles and camilla has gone viral. >> this afternoon it'll be cold, wet, and windy across most of scotland. >> reporter: and in their own style, nice hand motions too, presenting the weather on the bbc. >> the potential for a few flurries over bell marle -- who the hll wrote this script? >> reporter: it's all sunshine, not a scandal in their forecast, and this big year for br...

gomez say? >> he believed that ivens is distraught and that he's possibly suicidal. what is interesting about that though is that they would not comment on exactly why they believe that to be the case but obviously they have reason to believe that is indeed the case. they did search his home. they looked for his handgun. couldn't find it. at this point they are assuming he took his handgun with him. >> do they believe he's still in the los angeles area? >> not sure. we can tell you this is the third day of searching. he was last seen on thursday night by his wife as she was going to ...

so this all actually happened late last week when the financial giant revealed it had made this risky credit bet in the european market. so now, we're hearing three executives are expected to resign and bloomberg is now reporting morgan's entire chief investment office of london could be cleaned out. the trades are raising some very, very serious questions this morning about whether the country's biggest bank learned anything from that financial crisis. let me remind you, that was merely four years ago and what happened to the laws that were supposed to stop all of this? that's one o...

for the nuts and bolts on this fias fiasco, it's the impact on the markets and your own investments. alison kosik joins us now. just what was this massive trading bet all about? before it went south? >> reporter: fredricka, what jpmorgan essentially did was made a big game am. they made risky bets and lost. the bets they made were to protect against possible losses on jpmorgan's other investments, but clearly they backfired and the bets produced losses of their own. how did this come out? it came out in a surprise conference call that ceo jamie diamond called for lamon called. shares...