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i'm wolf blitzer. you're in "the situation room." first it's today's new round of attack in the presidential race campaign and the much winning battleground state of ohio this afternoon. president obama slammed the tax proposals, warninging they'll send thousands of u.s. jobs overs overs overseas. > the romney campaign is accusing them of another dishonest attack. why did the president level this new corporate tax attack on romney in ohio? >> reporter: well, wolf, the president is trying to draw sharp contrast between his campaign and romney's campaign, trying to suggest romney is ...

"outfront" tonight, losing money, rewarded big time. today, jpmorgan's stock was up like a july firework. surging 6%. in fact, it brought the whole market along. for a friday the 13th surprise. it was the best day for stocks this month. and it doesn't add up. so, jpmorgan shares popped in reaction to the bank announcing that losses from that high-profile trading blunder we've been talking so much about now top $5.8 billion. now, that $5.8 billion is about three times more than the company said it would lose on this trade just weeks ago. today, the ceo of jpmorgan, jamie dimon, took q...

of coming in to us right now and it's really fascinating when you look at how these networks that take nuclear material from the u.s. and then provide it overseas. two men have been indicted. a citizen of iran and a resident of china are being accused to try to obtain and illegally export these u.s. materials toer rang. and they're used to construct, operate and maintain gas center fudges. there was a statement that was released by lisa monaco. she's the assistant attorney general iranian networks continue to target u.s. and western companies for technology acquisition by using fraud...

white and blue ensemble made entirely in china. lawmakers are outraged for outsourcing the clothing. alina cho joins us with more on that. >> there's rare bipartisan backlash on capitol hill about this. good morning, everything in the uniform from the beret to the blazer and shoes made in china. they are made by american designer ralph lauren as soledad said and they are just for the opening and closing ceremonies, recently i got an opportunity to look at the olympic gear with david lauren, ralph lauren's son and executive vice president of the company. he said they are focused on ma...

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...