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This morning on "world news this morning on "world news now" -- bank blunder. executives from jpmorgan chase meet company shareholders today in what could be a very tense meeting. >> after the giant $2 billion trading mistake and a continuing drop in stock values, fortunes are at stake. it's tuesday, may 15th. >> announcer: from abc news, this is "world news now." >> good tuesday morning, everybody. i'm rob nelson. look who came back for a second day. we didn't scare you off. that's encouraging. >> back for more. back for more torture. and in case you don't remember, i'm diana perez, but if ...

fewer americans filed first-time jobless claims last week. the labor department says that it got 395,000 initial claims. that's a drop of 7,000. it is the first time the number dipped below 400,000 since early april. united nations says that the drought ravaging the horn of africa has not peaked. that means a long-term threat of famine. the u.n. says 12 million people, if you can believe that, are at risk. desperately needs more than a billion dollars to feed them. musician and activist bono talked to anderson cooper who is reporting from somalia this week. >> people watch the values...

The international markets? >> i think the core point that you always need to remember when you talk about markets is the ease. when you look at the events taking place, in egypt, tunisia, now what's happening in libya, they all create the absolute uncertainty that investors shy away from. of course there are the contrarians that like to bet against every event that takes place. for instance, in japan we've seen a dramatic reduction in stock values. the nikkei has fallen very sharply. but, randi, even that has now started to come back. it takes nerves of seteel in ths particular market. volatil...

>> a new york city restaurant plans to have prices fluctuate according to demand, like stock values, the exchange bar and grill open this week will have a ticker tape flashing menu prices in red lettering as they rise and fall. >> well, it is now 49 minutes past the hour. we'll check on the weather this morning. pretty rough and brutal in some parts of the country. rob marciano is in atlanta and it is raining and raining. >> up and down the east coast, everybody is getting a piece of weather system. last night was the carolinas that saw the damaging thunderstorms. now shifted -- at least the e...

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