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CNNW CNN Newsroom July 13, 2012



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 ....

U S , Drug Tunnel , Mexican Border , Making Money On Jpmorgan , Sex Life , Ally Bank , Jamie Dimon , Trading Scheme , 5 8 Billion , Team Coverage , Alison Kosik , New York Stock Exchange , Felicia Taylor , New York , 6 Billion , 5 Billion , Lemding Healthy , 1 21 , Equities Markets , Jpmorgan Stock , Conference Call , A Problem From Hell , Investment Office , Claw Backs , Severance Pay , Trading Operative ,

Detailed text transcripts for TV channel - MSNBC - 20120706:16:19:00

A larger megaphone in basic legal definition the supreme court handed down. in the case of murdoch and media moguls, i actually like more transparency. instead of parsing editorials in the wall street journal, let s just hear what he has to say. it s kind of refreshing to know what he thinks. i kind of do, too. you know, rupert must also feel as a strategic person, no one would say no matter how terrible you might think some of his policy positions are, no one would say he is un strategstrat. he must feel there s not a great cause to saying it one day and it ending up as an editorial the next day. i wouldn t overread the strategy. murdoch is in a very unusual place in his career right now, a lot of people think near the end of it. he s in huge trouble in the uk, splitting his company and is just out there saying stuff. what s so interesting, he s really like a chamber of commerce republican, where trump was channeling this nativist ....

Rupert Murdoch , Supreme Court , Media Moguls , Wall Street Journal , Un Strategstrat , Wouldnt Overread , This Is It , Chamber Of Commerce ,

Detailed text transcripts for TV channel - MSNBC - 20120702:10:17:00

Stuff. what about this theory that the opposition to health care, there s probably opposition to the hearth plan, no doubt about it, there s opposition. but a lot of the opposition is rooted into, i don t know how i feel about obama himself. not so much the health care plan. i mean that could be part of it. also, as we saw over the weekend people were parsing out the opposition to obamacare and there s some people who don t like theรง affordable care act because they don t think it went far enough so the actual opposition to like people who actually really hate this law because they think it s a bad idea is actually even smaller. but, again, from stimulus to the health care law to a whole bunch of other things that the president has tried to do since coming into office on january 20th, 2009 folks have used all sorts of arguments and policy disputes as proxy fights for the bigger things which is they ....

Health Care , President Obama , No Doubt , Hearth Plan , Health Care Plan , Reason Americans Don T , Affordable Care Act , Post Office , Health Care Law , Policy Disputes , Proxy Fights , January 20th 2009 ,

Detailed text transcripts for TV channel - FOXNEWS - 20120614:01:29:00

Integrity and her character. you know, this isn t going to be that big a deal for republican who is live in massachusetts because they were never going to vote for her anyway. but there are moderates and conservative democrats who are now for affirmative action who are saying, i don t want to vote for someone who gamed the system who, took advantage of economic opportunities and took advantage of the history and the struggles of native americans. sean: is it gaming the system? and is it the denial and the parsing of words and threading the needle? it seems that that you know, she didn t come clean right away. instead, she is going back and forth and ignoring the question or trying to dodge the question. and instead of coming forth and coming clean and saying, yes, dido this, i said this. she is saying this is central to who she is. she never talked about it before. now it s central to her life and who she is. sean: what does this say ....

Affirmative Action , Isn T , Big A , Sean Hannity , Native Americans ,

Detailed text transcripts for TV channel - FOXNEWS - 20120614:04:29:00

Integrity and her character. you know, this isn t going to be that big a deal for republican who is live in massachusetts because they were never going to vote for her anyway. but there are moderates and conservative democrats who are now for affirmative action who are saying, i don t want to vote for someone who gamed the system who, took advantage of economic opportunities and took advantage of the history and the struggles of native americans. sean: is it gaming the system? and is it the denial and the parsing of words and threading the needle? it seems that that you know, she didn t come clean right away. instead, she is going back and forth and ignoring the question or trying to dodge the question. and instead of coming forth and coming clean and saying, yes, dido this, i said this. she is saying this is central to who she is. she never talked about it before. now it s central to her life and who she is. sean: what does this say ....

Affirmative Action , Isn T , Big A , Sean Hannity , Native Americans ,