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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...

The wiretaps are as detailed as issa claims, talking about letting guns walk and so on then obviously somebody within doj did know. why can't we just have those people's names and be done with it? >> i think there is a couple of reasons. the first is the folks in doj, if there are people down there that knew about it, obviously holder has testified he didn't, and i believe him. number two this is a tempest in a tea pot about again a program that's already been pointed out that began under the bush administration, brad, and it was -- >> it was not begun under the bush administration. >> it did,...

summer. ♪ it's hard to look like right at you baby ♪ but hear's my number. >> wow. well there's a surprising fact about the artist. "out front" next. the ceo gave us all quite a mental image today when he testified in front of the senate banking committee in washington about one of the largest bank in the united states has been open about hits multibillion trade losses. >> we generally are open kimono with the regulators and tell them what they want to know. >> open kimono, sure. but maybe he was open kimono about the things he knew about. but not about things he didn't. like how...

>> wow. well, there's a surprising fact about the artist, carly ray jepson. outfront, next. i'm erin burnett. welcome to "outfront." outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. >> we generally are open kimono with the regulators and tell them what they want to know. >> open kimono. sure, that sure sexes up that testimony in washington bu...

me maybe ♪ ♪ hey, i just met you >> wow. well, there's a surprising fact about the artist, carly ray jepson. outfront, next. i'm erin burnett. welcome to "outfront." outfront tonight, jamie dime on opens his kimono. the ceo of jpmorgan chase gave us all quite a mental image when he testified in front of the senate banking committee in washington about whether the largest bank in the united states has been open about its multi billion dollar trade losses. >> we generally are open kimono with the regulators and tell them what they want to know. >> open kimono. sure, that sure sex...