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Kennedy spokesperson says there were no drugs in her system, but sources familiar with the case tell nbc news that blood and urine tests were sent to a police lab and it could take days for the result tosz come back to show my type of proof of drugs in her system. now to our big three money headlines, record profits despite one whale of a loss. could it be turning around? and 60-day test drive. author and retail analyst is here with the latest details. nice to see you. dp to see you too. let s talk about jpmorgan s bottom line, which came out just fine in the end. right. they reported record earnings for their second quarter despite the billions of dollars of trading losses, as you had mentioned, the whale of a loss. it was done by this rogue derivatives trader out of london known as the london whale. and despite all of those trading loss losses, the company was reporting better than expected earnings. they said despite they might have some blanking fees in terms of making mone ....
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 front companies and middle men in nations around the globe. so essentially the citizens of people who are doing things like this are setting up fake companies, trying to buy materials from the u.s. and then slip them into iran and obviously with iran s nuclear programs right now, you can see the concerns with that. one other thing that came out in this, some of the details against these men ....
long. welcome everybody. welcome to early start. i m ashleigh banfield. good morning. i m alina cho bringing the news from a to c. so weird. we have the alphabet all mixed up. anger, sadness and overwhelming shame at penn state. a scathing report conducted by a former director of the fbi, leaving the school and its legendary coaches shattered. saying joe paterno and top university officials not only hid but empowered a child predator in jerry sandusky. the outrage is spreading so quickly there are calls to tear down a statue of paterno that stands youds of beaver stadium. will more criminal charges be coming? susan candiotti is live in philadelphia this morning. susan, good morning to you. reporter: good morning. yes, you re right. former fbi director lewis freeh laid the blame at the feet of four top penn state officials leaving jerry sandusky free rein to abuse children over the course of almost 15 years. our most saddening and sobering finding is the total ....
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 heard? if you re totalling up the losses so far this year from those trading losses from the risky trades, what it adds up to is $5.8 billion. that s almost triple what was originally thought. but jamie dimon said they could get bigger by another $1.7 billion. keep in mind just because the trades were discovered and announced to everybody, you know, they can t just suddenly be stopped. so wh ....
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 ....