tv America This Morning ABC May 14, 2012 4:00am-4:30am EDT
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this morning, heads roll. >> three come executives out at jp morgan chase after its embarrassing $2 billion loss. has wall street finally learned its lesson? and will he testify? john edwards defense begins today. will he take the stand? survivor stories. the only person to walk away from a small plane crash. and heads up. one new jersey town cracks down on texting and walking. good monday morning, everyone. i'm rob nelson. >> and i'm diana perez, paula faris is on assignment. we begin with the fallout from the mass i have loss suffered by jp morgan chase. >> at least three high-ranking
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executives are being shown the door. tahman bradley has more on that from washington. >> reporter: the jp morgan chase ceo says the losses do not pose a threat to the bank. many americans are concerned wall street did not learn its lesson from the financial crisis a few years ago, which has many investors very concerned. misery might be felt across wall street today amid rory about the nation's biggest bank, jp morgan chase. they're trying to rebound from losing $2 billion in six weeks due to risky trades. they'll accept the resignation of three high-ranking executives, including one of the highest-ranking women on wall street. their credibility has been hurt. >> we know we were sloppy. we know we were stupid. >> reporter: dimon stays bank might lose more money this
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quarter. >> we took far too much risk. the strategy we had was barely vetted or monitored. it should never have happened. >> reporter: this is a painful reminder of the 2008 financial collapse. many americans were just starting to regain ground in their 401(k)s. dimon and other executives tried to losing regulations on trading, fighting the volcker rule. >> the price will be they'll lose their bat until washington to weaken the rule. >> reporter: with tough regulations in place, many think the banks will find ways to conduct business as usual. >> the banks have always figured out how to sir coupk circumnavi
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rules. >> tahman bradley live in washington for us this morning. overseas, the u.s. is on the take against terrorists in yemen. dozens of militants have been killed if drone strikes and an assault on a town controlled by al qaeda. this comes less than a week after we learned of the bomb plot against airplanes headed to the u.s. president obama travels to new york today with his support of gay marriage in the headlines. this week's "newsweek" declares the spt the first ga president. michael bloomberg jumped into the debate. he defended the right of gays and lesbians just days after north carolina passed an amendment banning the practice. jury flores the john edwards
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trial will begin to hear from his defense lawyers later today. they'll try to say he didn't use campaign funds to hide an fair from voters. who will be on the witness list? with more, here's abc's reena nin ninan. >> reporter: he'll need to convince jury rors he did not intentionally violate finance laws. >> i think it's been proven already that edwards is a cheat, he's a liar. despicable actions altogether. is what he did a criminal act? it's not leer. >> reporter: what will the strategy be? discredit the testimony of andrew young. he already testified he and his wife pocketed much of the $1 million payout for their own personal use. and continue to assist that he did not knowingly violent
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campaign laws. who will testify? oldest daughter cate edwards. perhaps a long shot but still a possibility, rielle hunter. but perhaps the strongest testimony could come from former members of the federal election commission. >> here are people who used to be on the federal election commission deciding cases of federal election law. if they're not sure a law was violated, why would some juror be able to convict. >> reporter: will john edwards take is stand in his own defense? nobody is saying. we'll have to wait and see. in washington, reena ninan, abc news. the director of the secret service can expect a grilling from senators about the prostitution scandal. he's been called to appear before a commit tooe next wednesday. he's likely to be questioned
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about the steps taken since to ensure a similar scandal won't happen again. several wildfires erupt in arizona over the weekend. one burned at least three homes in a ming community yesterday. some residents were forced to evacuate. there was some stormy weather over the weekend in new mexico. all captured on camera. a woman video taping hailstone as they rained down this her backyard. she was so captivated by the hail, it took her a little while to notice there was a tornado sneaking up on her. it looked menacing as it was heading her way. fortunately, it dissipated. >> very lucky lady. time for a look at the weather. scattered showers from boston to d.c. pouring rain inland from northern georgia to the
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catskills. hail and gusty winds from el paso to albuquerque. thunderstorms in northern california. excessive heat warnings in the desert southwest. >> a record 88 in portland. 86 in boise. 82 in minneapolis. 77 in chicago. 79 in kansas city. it's 70s from new york all the way to atlanta. and coming up next on "america this morning" -- you get all the brain freeze without all the calories. the new drink at 7-eleven. and the phew records for "the avengers" at the box office. drink all you want and not feel it? scientists say they may have a pill for that. for your attention. so we invented a warning.. you can feel.
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welcome back, everybody. well, overseas markets are mixed this morning because of continuing worries about greece's future. tokyo's nikkei average was up 21 points today. hong kong's hang seng fell 181. in london, the ftse opened higher. on wall street, the dow lost 218 points last week. the slide continue there is. the nasdaq was off 23. and yahoo! is looking for its fifth ceo in as many years. scott thompson was the ceo for just four months. he was forced out because of inaccuracies in his resume. it's also been reported he has thyroid cancer. his resume said he has a degree
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in computer science. federal benefits ran out. the national employment law project says it's a matter of cuts. only about half of all unemployed workers hold unemployment insurance. get ready for the slurpee light. it will have less than a third of the calories of a regular slurpee. 7-eleven says it's nailed the low-cal taste. >> i grew up on those. i love to hear that. a little coca-cola slurpee. that's what i'm talking about. well "the avengers" is continuing to set records. the action film has passed a billion bucks worldwide, taking in $103 million this weekend in the u.s.
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"dark shadows" was disappointing. and "think like a man" the steve harvey film, in third. nothing is stopping the avengers. when we come back, a new twist in the case of missing 6-year-old little girl isabel celis. one of her parents lost custody of her brothers. and one new jersey town may have a solution for texting mishaps. ♪ a refrigerator has never been hacked. an online virus has never attacked a corkboard. ♪ give your customers the added feeling of security a printed statement or receipt provides... ...with mail. it's good for your business. ♪ and even better for your customers. ♪ for safe and secure ways to stay connected, visit usps.com/mail
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in the intreped museum. drengs rain on i-80. wet at times on i-95 from maine to miami. i-85 from at lan to to charlotte and i-10 from jacksonville to tallahassee. slick on i-10, 20, and 35 in texas. if you're plig today, airport delays in atlanta, charlotte, and washington, d.c., are possible. the parents of a missing tucson girl are missing. her parents appeared side by side when she disappeared. now her two older brothers are in the mother's custody and the father is barred from seeing them. police would only say a new development prompted them to call in child services. increasing concerns about a missing fbi agent, stephen ivans. he was last seen thursday night.
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authorities are searching rugged mountain areas. they believe he was distraught and possibly suicidal. an amazing story of heroism. a small plane was going from oklahoma to iowa and she was the only survivor. he was pulled from the record by a former marine who was also a passenger. he suffered burns over 90% of his body. he died saturday at a hospital in wichita. a boston university student seriously injured over the weekend in a car accident in new zealand is recovering. police with investigating the
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cause of the crash. the government is launching a year-long study to determine whether red wine is slow the progression of alzheimer's. experts say a component in red wine, called resveratrol may be able to stop it. experts say it might take 1,000 bottles of wine a day to do that. scientists have reportedly started testing a pill that would keep you from getting drunk. if it works, it would help alcoholics and binge drinkers. it could save a lot of people from embarrassing nights. >> let's get that pill to the market by new year's eve. >> memorial day is around the corner. >> we gotta speed that up. time for sports news.
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a couple of big games in the nba playoffs. here's espn news. good morning, i'm don bell with your "sportscenter" update. game seven in the western conference playoffs. blake griffin and the clips taking on zach randolph tapped grizzlies. third quarter, grizzlies up by one. they're up 50-47. feeling pretty good about themselves. fourth quarter, kenyon martin. clippers, a 57-56 lead. later on, ere iic bledsoe, maki it happen. mo williams, former cleveland cav from the wing. o.j. mayo, the steal. misses the layup. and the clippers win, 82-72. they advance. they'll taken to spurs in the conference semis. pacers visiting the heat.
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lebron james accepting his third mvp award in four years. this is game one of the eastern conference semifinals. lebron with the alley-oop. bosh going to the hole with soul. he left the game with an injury. due to have an mri today on his lower ab. paul george on the fast break. d. wade, one of the best at blocking shots. lebron and the heat win, 95-86. want to remind you about monday night baseball. one of the best rivalries in the business. the chicago cubs visiting the st. louis cardinals. 7:00 p.m. eastern tonight on espn. >> we both love this story. >> a great story. a janitor who cleaned classrooms at columbia university for years is now a graduate. >> he put on his cap and gown
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yesterday and picked up his degree with honors. he came to the country in 1992 as a refugee from yugoslavia. he took classes in the morning and followed it with an eight-hour cleaning shift overnight. he wants his ph.d. next. >> i don't ever want to hear anyone complain about school. >> he can be dr. gotts soon enough. is lady gaga about to become mrs. gaga? we all do it. texting and walk. there's one town in new jersey now where you better think twice before you do. for months, i had this deep pain all over my body. it just wouldn't go away. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves.
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i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can plan my days and accomplish more. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. with less pain, i'm feeling better now that i've found lyrica. ask your doctor if lyrica is right for your fibromyalgia pain.
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ooh gas. take an antacid. oh thanks. good luck. good luck to you. doesn't he know antacids won't help gas? oh, he knows. [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. time to check "the pulse" this morning, the stories you'll be talking about today. including a gag from gaga. harry richardson tweeted gaga showing off her new engagement ring. tmz says it's not true. they're just having fun. and facebook founder mark zuckerberg is now a year older. he'll soon have 100 billion reasons to celebrate. today is his 28th birthday, just
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four days before his wildly popular social networking site goes public. it is expected to be one of the biggest stock offerings in history. if you think ten cents a text is expensive, try texting in fort lee, new jersey, while you're walking. police will start ticketed people for texting and walking. the fine? 85 bucks. a recent study showed texters were 60% more likely to drift while they're texting. we have all seen videos like this. >> love it! >> she fell into the fountain there. the guy in the hotel lobby slamming, boom, into the wall. oh, heads-up, dude. we all do it. let's be honest. for some of you, your lekle news is up next. for everyone else, an amazing story of survival. twinkle twinkle hope appears.
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updating the top stories now. jp morgan chase is likely to accept the resignations of three high-ranking executives starting as early as today. they stem there the bank's recent $2 billion loss. defense attorneys for john edwards get their turn today. they hope to convince jurors that edwards did not use campaign funds to hide an fair from voters. and "the avengers" pulling in another $100 million over the weekend. it's surpassed $1 billion in ticket sales in three weeks. hail an gusty winds from albuquerque to el paso. downpours around western pennsylvania and west virginia. finally from us this morning, an incredible survival story. a wers virginia woman is reco r recovering after a terrifying crash. >> the mother of two was trapped for three days. she mustered up the strength to
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save herself. >> reporter: it happened here, when veronica's van veered off the road, flipping over and over, landing in a ditch. >> i wondered how i was going to get out. i mean, i was really, really hurting. my back hurt so bad i couldn't figure out what to do. to open any she found herself doors in the mangled wreck. fearing for her life. >> to not know whether you're going to make it or not. it's hard. i didn't know how much strength i would have. >> reporter: days turned into night as she lay stuck in the vehicle, unable to get out. the ditch was so overgrown with vegetation, anybody passing by could not see the van. as the hours ticked away, the mother of two went into survival mode. with no food and running out of liquids, she used an empty water bottle to catch rainwater. >> when it would rain, i would try to get up enough to get the
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bottle over there to get the rainwater. and then i would catch a few drops at a time. i got so thirsty. that became a big focus for me. >> reporter: finally, on the third day, she was able to muster her strength and break free through the back window. >> finally, after about ten times, it finally broke. and i felt such a big -- relief come over me. i never thought of myself as being a very strong person. but apparently, i'm a lot stronger than i thought i was. >> a lot stronger. wow. >> that survival adrenaline kicks in. coming up later on "good morning america," modern family's big secret. one of the stars of the most popular shows on tv is revealing an inspiring tori about a very personal issue. that's coming up on "gma." that's what's making news in america this morning. >> have a great monday
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