industry. >> the capital markets of america are part of the great american economic business engine. we have the best in the world. we had some problems. we should recognize we're the best, don't throw the baby out with the bath water. >> get some perspective from ali. >> you can take no more risk than x and y, no more this risk in a name or market, including liquidity risk so you're controlled. in the rest of the company, we have those in place, we didn't have it here, and that's what caused the problem. >> help me out, my friend. translate that to english. number two, did he make the case this cannot happen again? >> he didn't, in answer to number two. number one, we talked about this several weeks ago when this became news. i said the reason it worries me, it sounds like aig, a healthy company that had risk practices

in place across the company, except this one office in london. same in jp morgan, one office confusingly called chief investment office. its job is to look at everything else the company does and hedge. in case world turned on its head, we would try and protect ourselves by making unusual investments over here. on one side they look like risky, unorthodox investments. on the other side, meant to protect the company if something goes south. because they're a form of insuring or hedging the company, they didn't have to follow the same rules that the bulk of jp morgan chase had to follow, which is why they lost more than $2 billion when things didn't go their way. the point he was making to the senate is that most of the company operates under rules that are safe, governed, have risk management in place. the risk management office didn't operate under that, those rules, and that's what went wrong. >> so you've got a multi billion loss, this is a committee of

congress that oversees the industry. listen to a few of the questions. >> to detail what really happened here, talking in general terms now, would you feel better in a closed hearing? >> it is comforting to know even with $2 billion loss in the trade last year, your company still i think had a $19 billion profit. >> hardly hostile. some say maybe even too cozy. >> ridiculous, john. it's why americans get frustrated sometimes. i have to tell you two things. one is the whole hearing didn't make a lot of sense because there's no allegation whatsoever of wrongdoing. the fact is, the rules, the very rules that the senate didn't allow to happen to keep these guys in check weren't broken. so jamie dimon, who gets along with everybody, doesn't like regulation, sits in front of a body that didn't want to regulate them any more and

throws softballs at them. this ended up much ado about nothing. last time was a big hearing with an investment banker, it was lloyd fineman from goldman, sac sachs. that's not what this was today. moving to presidential politics. president obama and his challenger mitt romney will be in the battle ground state of ohio giving speeches about the u.s. economy. our chief political analyst is here with a preview. start with "the washington post" abc poll. favorable or unfavorable opinion of the plans for the economy. president obama, 43 favorable, 50, unfavorable. roughly a dead heat. how is this for the president. it is only june. a lot of democrats are getting nervous. he wants to make the case to the american people things are getting better but i need four more years.

>> right. what the president has to do is defend his economic record. he also has to remind people of the context in which he took office. but here is the key. he can't seem to be whiny about it, say woe is me, so bad when i came here, we made it that much better. the problem the democrats are having now, and the arguments going on behind the scenes, is should the president layout a really big and bold economic vision to the american people about where he would take the country in the next four years, or should he just sort of stay on this here is my general vision versus mitt romney's general vision, here is why i would be better for the middle class. lots of democrats are saying layout your plan now. some are saying wait until the convention and layout a big, bold plan at the convention, particularly if the economy is not doing well. >> if you look at polling, governor romney where he trails the president in the horse race, he tends to be equal or doing

better when voters are asked who do they trust to handle the economy. saw it in pennsylvania yesterday, that's the case in ohio. he gave a speech in washington today, probably similar to what we will hear tomorrow talk to go a business group, saying most of you aren't the bad guys, you create the jobs, this president thinks you're the bad guys. is that the message or does he need to be broader too. >> he thinks the private sector, the president thinks the private sector is doing just fine, i know you're not, i'm on your side, please write me a check when you leave the room and there's plenty of opportunity for that. what mitt romney is trying to do is say look, the president is not being specific. i want to get more specific with you. i tell you i want to reform taxes, repeal president obama's health care reform, build the keystone pipeline. he wants to tell voters unemployment would be lower. >> what do smart people say

about when the psychology kicks in, the next jobs report, three disappointing jobs in a row, a fourth for the incumbent president. >> talking with smart people on both sides of the aisle, polsters. democrats say it happens in the fall, later. so the president has some time to get his economic message together and hopefully get more good economic news. republicans i talk to, republican polsters say people's views are getting cemented now, the last jobs report with anemic growth was starting to set the trend for how people feel about the economy. they're not optimistic. >> both talking more about the economy. 147 days. >> who's counting. >> lori, thanks so much. moving on to disturbing and emotional testimony in the child rape case against a former penn state assistant football coach, jerry sandusky. the man prosecutors call victim

five. he testified he molested him in a sauna when he was 12 years old. we were sitting in the sauna, and i had my towel on, then jerry parted his towel. t tara, you have been tracking the case sinsz the first part of the trial. victim five got quite emotional, started to cry. take us in the courtroom. >> reporter: you know, as soon as he started to cry, his mother who was a couple rows over from me started to cry as well. he was another alleged victim that really captivated jurors. he was the fourth to take the stand, testify against jerry sandusky. something a little different about him from other testimony, he didn't look at jerry sandusky at all during that testimony. he turned and actually spoke mostly to jurors and in his case, he said he had known jerry sandusky for several years, and there was some grooming that he

alleges, but the incident that started in the sauna and led to a shower where he was cornered by jerry sandusky, he was able to squirm away as the attack was happening, and he says he put his clothes on, jerry sandusky didn't say a word. he took him home and never called him again, never invited him to a single other football game or any kind of other event. most of the other alleged victims who have taken the stand and testified against jerry sandusky have said they kept going back, kept hanging out with jerry sandusky because that was so much fun, those football games, those events, made them feel so good that they buried the abuse in the back of their minds and dealt with it, and this is what they're testifying to now. he was a little different. >> at one point the prosecutor asked the victim did you tell anyone in your family what he had done to you? he responded i did not, i want to forget. i was embarrassed. is that a pattern you're seeing as the alleged victims are beginning to testify? >> reporter: absolutely, john, that's the pattern.

there are a lot of patterns that are emerging. all of the alleged victims that testified so far met jerry sandusky through the second mile, during a camp or second mile activity. in all cases, jerry sandusky then called the home, asked to speak to the mother, father, guardian, said i would like to hang out with your son. in all those cases, it started with a hand on knee in a car ride, this is what's been testified to in court. in some cases, that led to shared showers, which led to abuse, allegedly. in other cases it went to sleepovers at sandusky's home that led to abuse allegedly. they all seem to take the same path, and all of the kids say he bought them gifts, took them to games before the attacks allegedly happened, that's why they kept going back. >> emotional, important trial for us. appreciate it. thank you. check back in tomorrow. when we return, john edwards got just what he wanted to do. why the government decided

against retrying him and dismissed all remaining charges. later, today's ominous rumbling between the united states and russia over fighting in syria. [ male announcer ] now you can swipe... scroll... tap... pinch... and zoom... in your car. introducing the all-new cadillac xts with cue. ♪ don't worry. we haven't forgotten. you still like things to push. [ engine revs ] the all-new cadillac xts has arrived, and it's bringing the future forward.

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charges a result of his attempt to hide an affair with a campaign worker have been formally dismissed. jeff toobin is with us. was this a clear cut case, the jury deadlocked on five charges. you see them there. conspiracy, illegal campaign contributions. >> they may have thought about it, but i think the real question here is not whether it should have been retried, but whether it should have been brought in the first place. this was a weak, weak case, and i think today's decision was really easy, especially since the jurors who were interviewed after the trial said on the remaining counts, they were split, very heavily, towards acquittal. >> i think we know about whether it would happen. can the case be brought up? >> double jeopardy, that's all she wrote. this case is over. john edwards, whatever else he

is, is not going to be a convicted felon on these charges. >> one of the goals was to get him disbarred. he wants to start a public interest law group. if you heard him after one charge was thrown out, said he still thinks the lord has plans for him. can he be disbarred? >> technically it is possible. the way it works in north carolina and most states, absence of criminal conviction, disbarment is very rare. i think he is in the clear on that. >> campaign finance charges are always incredibly difficult, complicated to begin with. what have we learned with this. what's the lesson, setting john edwards aside, any prosecutor in the future, in a high profile case like this, new dos and don'ts, new red lines? >> i think what we learned in the edwards case and more importantly in citizens united case from the supreme court in 2010 is that the rules that exist are falling apart, and the idea that you could criminally prosecute someone for violating

campaign finance laws is becoming more and more remote. campaign finance is becoming deregulated, not reregulated, and i think criminal cases will be even more rare in the future. >> no consensus from congress to do anything about those laws at the moment, probably the new status quo. >> that's right. indeed. >> appreciate your insight. what the obama campaign hopes you will take away from the big address tomorrow. here is a hint, might want you to forget something said before. lance armstrong's angry denial of new allegations involving doping. pd makes it ha, so i wasn't playing much of a role in my own life, but with advair, i'm breathing better so now i can take the lead on a science adventure. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator,

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welcome back. welcome home. >> good evening, everyone. some news to bring you. a spring of car bombs exploded across iraq in a wave of coordinated attacks that led to at least 60 people dead, most victims shiite pilgrims traveling to baghdad from all over the country. included are 20 people killed by a car bomb south of the city, the deadliest day in iraq since january. and back in the u.s., colorado is now in a state of

emergency after you look at the pictures, the monstrous fire is forcing many out of their homes. unyielding flames burned nearly 50,000 acres. officials say they're gaining and that families may be able to return home later this week. tough fire to fight. and lance armstrong's website confirms the u.s. anti-doping agency has formally charged him with using illegal substances. in a scathing denial, he accuses a group of dredging up old, baseless allegations and doing it out of spite. armstrong could be stripped of his seven tour de france titles, definitely not the end of that one. get ready for historic internet land grab. potentially some website confusion. tech nients are in bidding wars for addresses with sufficient imcompetentses that could be introduced in a new domain.lol, not just dot com.

there were almost 2,000 proposals. they are fighting for 20 of the same domains. you can come up with pretty much everything to dot. >> dot baseball and dot beer? >> i think if that's not claimed already, i'll go through the list. >> check that for me. i'll take those two, dot baseball and dot beer, happy camper. >> we'll work on it. up next, the fight against syria starts a cold war with the united states and russia. helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon.

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this hour shadows a cold wary merging as they wonder who is responsible for the syria. why columbia university sent an acceptance letter to a woman with close ties to bashar al-assad. and the truth about what president obama is hoping you forget.

disturbing echoes of the cold war, the russian foreign minister accused the united states of escalating arms supplies to syria. >> they are providing arms and weapons to the syrian opposition that can be used in fighting against the damascus government. >> here in washington, secretary of state hillary clinton quickly responded saying that's not true, and coupled that denial with a warning to the russians. >> russia says it wants peace and stability restored. it says it has no particular love lost for assad, and it also claims to have vital interest in the region and relationships that it wants to continue to keep. they put all of that at risk if they do not move more

constructively right now. >> wow. joining me to talk about this, fareed zakaria. first and foremost, what does this mean when it comes to syria. then i'd also like to discuss the larger issue about the icy relations between washington and moscow. when it comes to syria, russians are sending arms, he didn't deny that. full scale civil war, any end in sight? >> no end in sight. the russian case, you start by referencing the cold war. in many ways what russia sees in syria is the last gasp of its cold war status in the region. syria is the last great russian ally in the middle east, the only entree they have into the greater middle east, and to their naval ambitions to be a great war power. the russians are all in with regard to syria, and what you're

seeing with lavrov is a spirited, feisty response from a very skilled soviet, russian diplomat, just presenting the best face on what russia has decided to do. >> that means the council will never get anything done, they can block anything there. what is the future for the relationship between the united states and russia, especially since president putin didn't come for the summit where he was invited, now you see pretty clear, not only not agreeing with the united states, but being public in disagreeing with the united states. what's at play here? >> i think this is going to be an area where there's flat out disagreement, a difference in a sense in the conception of interest. sometimes you can negotiate when both sides see a common interest, some win-win to get to. difficult to see how you get to that place right now, unless the russians are convinced that

assad's days are numbered anyway. if the russians believe there will be a post assad future, they will want to get out ahead and shape that future. i think the only chance we have is to convince them this regime can't survive, putting enough economic sanctions on them, getting an international coalition together. >> it is tempting when you say the u.s., russian relationship, putin had a great relationship with george w. bush, maybe has an ax to grind with president obama and is waiting out the election. you remember president obama was overheard telling the former president wait until after the election, maybe they'll have more flexibility on missile defense. mitt romney was tough on this. remember this. >> this is without question our number one geopolitical foe. they fight every cause for the world's worst actors. the idea he has more flexibility in mind for russia is very troubling indeed. >> is it inevitable there will be disagreements between the current president and russians, governor romney on the campaign

trail sounds like he would be as tough or tougher with the russians. is this relationship going in the wrong direction? >> the relationship is not headed in the right direction, but i don't think there's much the united states can do about that. i think governor romney was just bantering there. there's not much that the obama administration has done that frankly is objectionable with regard to the russians. russia is now a second rate power, more a great power vacuum than a great power. so to build them up as a great geopolitical adversary of ours, their economy is in shambles, russian military in shambles. they wouldn't be on my top five as a geopolitical adversary. >> calling it like he sees it. far eed is a car i can't, thanks so much. a university under fire for admitting the daughter of a syrian official with close ties to the syrian president, bashar al-assad.

here is cnn's mary snow. >> reporter: human rights advocates are furious she's accepted to a prestigious program. her ties to bashar al-assad. she's the daughter of syria's ambassador to the united nations. leaked e-mail shows she appeared to have a close relationship withal as add, referring to him as handsome and cute. she provided advice to him on his public image abroad, as syria waged a brutal crackdown on its people and denied it. she's syrian, graduated from columbia school of international and public affairs. she's demanding columbia rescind that admission. >> i was surprised and disturbed by this decision. it is not a personal thing, it is accepting what's happening, accepting the genocide and saying we are going to welcome people who are part of this into

our school. >> reporter: barbara walters landed an excuse interview with bashar al-assad in december. she helped facilitate that interview. walters admits in months following, she tried to her her. in a statement she said i did offer to mention her to contacts at another media organization and in academia, though she didn't get a job or into school. columbia tells cnn its applicants are evaluated solely on materials submitted, adding we understand and share concerns about the brutal regime in syria. she says she was accepted to columbia because of her qualifications. as for her relationship, she says she was an unpaid media intern. saying i am nothing but a victim for some personal agendas. as any ambitious graduate student in america, all i was trying to do in this very brief

time was to build up my knowledge and explore ways to successful academic options. what's going on in syria and to my people saddens me and breaks my heart. >> what she represents is an outlet for the regime to extend their reach outside of syria, perpetuate false messages, false realities that are occurring within the country. she's actively taking part in this activity through her media advice. >> reporter: at columbia, some students feel she shouldn't be denied admission. >> i understand a lot of people must be upset about her prior involvement, but i don't think that's a reason to deprive somebody of having a really great education. >> if the evidence isn't conclusive or damning enough, i think it could be potentially discriminatory to not offer her the opportunity to learn here. >> reporter: john, others feel

strongly columbia should take a stand and rescind that admission. they have an online petition with more than 900 signatures. >> you mention family ties. she's just 22 years old. how did it come she's acting as intermediary between barbara walters and the president of syria? >> reporter: in e-mails, she down played the role, said she volunteered for it, because of family connections, she got it. extraordinary such a young woman would have so much influence with one of america's most famous journalists and the president of syria, and as for the barbara walters interview, she says one of the reasons she was so involved, she calls barbara walters a family friend, says the fact she spoke english also was a factor in why she was so involved. but it is pretty extraordinary. >> extraordinary and a bit embarrassing for barbara walters. the truth about president obama's campaign he hopes you'll forget or forgive. [ woman ] for the london olympic games, our town had a "brilliant" idea.

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traveling through ohio tomorrow, 22nd visit to the state, the sixth this election year. the reason is to give a major economic speech.

we are told to expect a candid assessment of ideas to create jobs. the major goal of the speech is to try to get voters to forgive or forget this statement the president made after taking office. >> a year from now, i think people are going to see that we're starting to make some progress, but there's still going to be some pain out there. if i don't have this done in three years, then there's going to be a one term proposition. >> that was february, 2009, when he said that. the president of course did not fully understand how deep the ditch was, nor could he have predicted the european and other economic head winds that drag the economy now. but he did say it. >> if i don't have this done in three years, then there's going to be a one term proposition. >> and he's a politician. he knows it is more than fair to hold the president or any politician accountable for their statements and their promises. another favorite romney and republican pokes these days,

that the president's broken promise to cut the deficit in half in four years. president obama takes issue with that. >> it is like somebody goes to a restaurant, orders a big steak dinner, martini, all that stuff, and then just as you're sitting down, they leave. and accuse you of running up the tab. >> the president's point, the republicans left him a big deficit. the national debt rose by $4.9 trillion in eight years of george w. bush presidency. gone up slightly more than that, $5 trillion so far in president obama's first term. the president tries to offer explanations, governor romney sees only excuses. >> he will speak eloquently, but the words are cheap, and the record of an individual is the basis upon which you determine whether they should continue to hold onto their job. >> now, my take is we benefit

more from debate and discussion about what to do next year, not who is to blame for what happened last year or yeert h year before or the year before. both candidates in ohio, it would be a good day and place to be more forward looking. don't bet on it. here to talk truth, cnn contributor ryan and nancy. and maria car donna. ryan, before we get partisans involved, the president's challenged, he did say that, he can say the recession was worse, i didn't know what was going to happen in europe, republicans in congress won't hand me a tissue when i sneeze. all of that is true. he is the incumbent president of the how does he get around that. check me out in three or four years, otherwise it is a one term proposition. >> when they go to the polls, they have retrospective judgments on the economy over the last year, most often what happens when incumbent is up for

re-election. one big mistake they made that that comment gets at, they didn't prepare the american people how bad the recession would be. it was known in 2009 that post financial crisis recessions are deep, long, and last at least five years before things start to get better. i don't think the white house got that messaging right. the other thing, i did reporting in the last few weeks, what obama's second term agenda will be if he wins. there's a lot of pressure from political consultants to come up with something new and exciting, something to talk about tomorrow. the policy guys say we laid everything out in the last few years. we have stuff that's stuck in congress, but you know, i think as you said to me, first three words in news are new. when we cover something, we want there to be something new, and policy guys say we already put everything out, put it out in

state of the union. i don't think we're going to hear a whole lot new. >> is recycling, even if they find a nice way to package it, going to satisfy more and more, some of them publicly like mr. cargill, some privately, have a case of the jitters. disagree with the president's strategy, don't see bold, they see problems. >> i think what the president needs to focus on, i agree with ryan in that the voters will go in and assess what this president has done, but what they will also do, what the president needs to continue to do is make sure that's not all they do, that they also compare with what the other guy is saying and what the other guy has done in whatever issues he has in the past, head of baines or massachusetts governor. it becomes a choice. when you have it as a choice, i think president obama has a lot to talk about, even though a lot of what his plan is stuck in congress, he can talk about what that plan would do if the republicans would just work with

him. independent economists said that plan in congress would create over a million jobs. no independent economist said mitt romney's plan would create jobs, they say it would blow a $5 trillion hole in the economy. these are things that president obama needs to talk about. >> she's talking about tax can you tell us when she talks about the hole in the economy. answer as you wish. let me ask the question this way. sometimes it is a choice. sometimes a referendum on the incumbent, how they make the choice, the voters decide, we don't. to the point it is a choice, president obama's case is four more years of george w. bush, that's when the mess started, policies are no different. has governor romney done a good enough job telling the american people here is where i am the same, here is where i'm different? >> i think he will get that, have that opportunity. he is more than prepared to do it. i think this election is about jobs and the economy and the overspending in government, that that's a good outcome for the republicans. that's where romney has consistently shown his strength. i think polling numbers back it up. if an incumbent president, best

line is can we get this to a choice that he is in serious trouble. incumbents are supposed to be going in with major face cards. he is struggling because he is going with some of the worst job numbers we have seen in modern history. when people say 8, 8%, that range, it is understated by about 3% because of the fact that people have given up, stopped looking. historically, if you're at 10% or higher, that impacts presidential elections and i think it will. >> best thing about the dualing speeches, not talking about romney's dog, they're going to have starting tomorrow, getting into a phase to compare records, compare their vision for the country, and that's a much better debate to have. >> i hope they spend more time on those issues, forward looking rather than backwards looking. hang on, everybody. continue that situation. erin burnett coming up top of the hour. watching toss, chase ceo dimon

testifying, had to apologize, the company lost billions on a bad bet. question is, that's it, i'm sorry, see you later? what happens now. >> that's the big question, john. everyone said we had dodd-frank, how could this happen again. amazing numbers as you break this down. 48.5%. that's how much bigger jpmorgan is today than before the crisis. that's stunning. assets are 15% of the size of the entire u.s. economy. we have gone from too big to fail to too big to bail. only thing worse than not being able to bail out a bank that's going to fail having to do it, is not able to do it and bring down the american economy. >> too big to count at this point. erin, look forward to it. see you in a few minutes. still ahead, jetblue, fliers like you. see what other airlines top the list for customer satisfaction. and move over obama girl. a new youtube star with a crush

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spent a lot of time in recent weeks asking a question, is bill clinton somehow trying to undermine president obama? he insists no. as the president tries to make his case on the economy in recent days, if you listen, it seems like bill clinton is his bff. >> we have taken a surplus left behind by president clinton and turned it into deficits as far as the eye can see. bill clinton described it well the other day. he said they want to do the same thing, just on steroids. remember, when the last democratic president was in office, we had a surplus. >> why is he doing that? let's continue the conversation. they're buddies, right? i assume he doesn't mind being associated with bill clinton because you had 22 million jobs over those eight years? >> absolutely. it was also the biggest economic expansion we've had in 50 years. on top of that the policies that president obama is pushing are very similar to the policies that president clinton pushed and that got us to that big

robust economic growth. and so, again, we go back to it's a choice. president obama needs to continue to talk about president clinton and he wants to do things that are very similar. that will actually put the middle class first. it is the difference between an economy by, of and for the top 1% and the wealthiest and the biggest corporations or an economy that is all about the middle class and workers and protecting a robust growth for that middle class. >> are they the same? >> not at all. and just -- i have to respectfully disagree. you basically had then president clinton who reformed welfare and who said the end of big government, the era of big government is over. the policies that are being advocated now are unbelievable levels of spending and bush -- bush deserves some blame for that as well. he spiked it up. but obama has kept it up. incredible increases in regulations and even more proposed. you've also seen tax policy that

has the economy and has basically people with capital feeling very uncertain and refusing to invest. so i think it's a big problem and i think he's hugging bill clinton so tightly because independent voters like bill clinton and they're not really turning to him. >> does that get you to say nice things about bill -- >> clinton is popular but the evolution of the clinton/obama relationship is just fascinating. if you read obama's book from 2006, he talks about the '90s in a dismissive way. he talks about gingrich and clinton, those battles to him, he uses the phrase psycho drama of baby boomers playing out and he's campaigning against hillary clinton. the subtext of that campaign in the primaries was that the bush years and clinton years weren't that different. do you remember that? we kind of forget that. now i think he's in office in a much more partisan environment. you looks back at what clinton had to keel with. i don't think he thinks those battles were psycho dramas, they were ideological dramas and he's

having the same ones now. >> spending growth under president obama, the smallest spending growth since president eisenhower. so that's a big myth that republicans like to put up. >> there's a huge debate over how much the recession plays into that. >> only if you don't really measure spending. >> that was a report that was put out there by cbs marketwatch, though. you know, again, that is about the choice. and about the reality of the situation. because that is something that you need to talk about. the hole that was handed to president obama. he didn't start from a level playing field. >> but to keep advocating the same thing. the definition of insanity is to do the same thing and expect a different reaction. >> the same thing that president clinton -- >> absolutely. >> the big change in obama's message is the big theme of 2008 was changing washington, getting past partisanship. now his message is -- >> he tried. >> you're involved in an ideological fight and one side has to win.

>> he tried to work with republicans. he tried to work with republicans, got slapped down every single time. >> there's equal blame to go around on the not making washington work part of it. we'll continue the conversation another day or you can continue it right now, but i've got to get to kate bolduan who has the latest news you need to know right now. >> they are not going to stop, i can tell you that. good evening, everyone. a decline in retail sales usually is considered bad news, but the government's latest report shows retail sales fell 0.2 of a percent in may because gas prices went down. compared to april, consumers spent a billion dollars less at the pump last month. take the silver lining where you can get it. airline ceos, take note. passengers really do not like paying extra, especially to check their luggage. low cost carriers jetblue and southwest airlines have the highest marks in a new customer satisfaction survey by jd power and associates. and guess what, they do not charge you for checking a bag or two. u.s. airways landed at the bottom of the list. and the jury has quit for

the day without reaching a verdict in the trial of former pitcher roger clemens. he faces one count of obstruction of congress, three counts of making a false statement and two counts of perjury for repeated -- his repeated denials for using performance-enhancing drugs. clemens has pleaded not guilty. and the queen continues to celebrate her diamond jubilee. they just can't get enough. today she was joined by her grandson, the duke of cambridge, and his wife, catherine. they were all at a park that will be preserved. william and kate participated in sports events with some kids. she helped build a tent. we'll probably see much more of them as the olympics are right around the corner. >> i like the javelin toss. this is an unending party. >> it's how i like to celebrate, but no one comes to my parties. >> stay put, kate. tonight's moment you probably missed shows how much the times, well, they are a changing.

♪ because i've got a crush on obama ♪ ♪ barack obama ♪ baby, you're the best >> one of the highlights of the presidential campaign were these viral videos posted by a man known as the obama girl. according to politico, she says she's not sure who she's going to vote for this year. here comes the sequel. obama boy. ♪ i got a crush on obama barack obama ♪ you're the finest candidate ♪ >> obama boy is a look written based producer and actor named justin brown. i guess you had to expect that. thank god for the internet, right? >> i've got to love it. there was one thing last week that we saw, someone mashing up the president speaking doing the carly ray jepson song. i love this stuff. >> okay, good. you can become our new internet obama whoever romney whatever

monitor. it's all yours. >> add the title to the list. thank you. >> have a good night. we'll see you right back here tomorrow night, same time, same place. "erin burnett outfront" starts right now. outfront next, jamie dimon, head of jpmorgan chase is grilled on capitol hill. claims he didn't know about the trade gone bad, but does his testimony add up? and harry reid placing a bull's-eye on republicans in a heated exchange on the senate floor. is the gop dragging its feet on the economy on purpose to help mitt romney? and there are a number of reasons why this song is going to get to you all summer. ♪ it's hard to look right at you, baby ♪ ♪ but here's my number, so call me maybe ♪ ♪ hey, i just met you >> wow. well, there's a surprising fact about the artist, carly ray jepson. outfront, next.