j.p. morgan chase staring out at you from the frame so j.p. morgan chase of course this is in response to their latest revelations that they've basically signed an non-prosecution agreement and paid a fine of about two billion dollars for their role and looking the other way from the made up scandal that made a fraud right well enron which was a huge accounting scandal then enabled by arthur andersen who was their accounts about the time they were parking eighty to ninety billion dollars off their balance sheet until such time as the ponzi scheme that was enron blew up and the stock went to zero and jeff skilling and others went to jail and i believe just going to be let out of jail early because as part of the corruption that we're talking about the judicial system is corrupted by these bankers as well now flash forward to j.p. morgan what do they have off their balance sheet on these special purpose entity accounts not eighty billion but ninety trillion ninety trillion in derivatives they have more off the balance sheet in derivatives than th

j.p. morgan chase is worse than enron it's beginning to look as if j.p. morgan chase has had a hand in every major banking scandal of the last decade in fact it's the selling of wall street crime take a snapshot.

j.p. morgan chase agreed to pay $1.7 billion to avoid criminal prosecution in connection with bernie madoff'ss say that chase madoff's main bank failed to report evidence of his massive fraud. the money will go to madoff's investors who lost $18 billion. we will be right back. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! [ female announcer ] symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition ÷s or high blésood pressure before taking it. [ man ] with copd, i thought i'd miss our family tradition. now symbicort significant

j.p. morgan chase. homes across america. plus nine moves, that's all it took for bill gates to surrender to a young chest master. we'll show you how the billionaire blew it. >> and we begin in syria and the video you must see showing a girl buried alife in a rocket attack in aleppo. nick shifrin has more on the video and the story behind it. >> good evening john. we believe this was a government air strike on wednesday in aleppo. we're just seeing this video for the first time, been posted to oimtion website. you see a family, an entire community perhaps digging in the dirt for one victim, the smallest victim of this apparent air strike. they dig for a few minutes and then they see the first sign of their daughter's clothes. about 40 seconds after that they see her face. upper body are finally free. about 30 seconds after that, she's still stuck and nonresponsive. and then, that's when she opposite her eyes. but still, they take a few minutes, one leg is stuck and then finally: she's free. and if this incredible story of det

j.p. morgan chase's $17.9 billion which is largely symbolic for wells fargo and j.p. rgan chase bank would have been the most profitable bang but legal costs cut into the bottom line. >>> the f.d.a. wants doctors to cut back on prescribing drug combinations with large amounts of tylenol saying pills that contain more than 320 milligrams of acetaminophen show no additional pain relief benefits but carry a greater risk of liver damage. in 2011 the f.d.a. asked drugmakers to limit their combination drugs to 325 milligrams but higher doses still remain an the market. >> the rainbow flag is no longer flying above west hollywood city hall taken down last week after the west hollywood city council voted to only display the foil -- official flags of the united states, the state of california account city. they wanted to take the plan down to make the certify more inclusive saying west hole wood is a city for everyone, gay or street which is known for the large gay community, of course. >> and danville's "sully" sullenberger is in new york city to mark the fifth anniversary of

j.p. morgan chase agreed today to pay more than $2 and a-half billion dollars to settle criminal charges in bernie madoff fraud. bank ignored warning signs that federal authorities charged the bank ignored warning signs that madoff was running a huge ponzi scheme. we'll get full details right after the news summary. on wall street today, stocks finally had the first "up" day of the new year. the dow jones industrial average gained more than 105 points to close at almost 16,531. the nasdaq rose 39 points to close at 4,153. a bill to restore long-term unemployment benefits took its first step forward in the senate today. half a dozen republicans joined democrats to begin formal debate. republicans also called for spending cuts to pay for the bill. we'll have a full report on today's action later in the program. in iraq, the government claimed it struck a key blow at al qaeda militants holding two cities. the military said this video showed an air strike on an operations center just outside ramadi. it said 25 fighters died in the attack. the militants seized ramadi and fallujah last week when

j.p. morgan chase close to the deal in that bernie madoff case, allegedly turning a blind eye while workingwith madoff during the enormous ponzi scheme. >>> a record for boeing, the airplane maker saying it delivered 648 jet liners in 2014. this is the most ever in one year. most are the dreamliners. a large part of the internet is becoming a black market and technology that is readily available is helping users get to it and remain anonymous. john hendren takes a look at the hidden internet. ftc. >> reporter: there is a pleas place on the internet so deep, so dark, so utterly anonymous it has become a black market for crime. >> you have everything there, hits for hire, you can kill people, you can buy drugs you can buy people, there is everything that we in society say shouldn't exist in civilized society is there. if it's not there ask for it and somebody might provide it. >> reporter: for a price, you can offer up false i.d.ness, real u.s. citizen ship and murder for hire. >> you can pay a assassin, for $6,000 plus. >> just don't ask him to videotape it. this killer has standards. there

j.p. morgan chase has agreed to pay $1.7 billion to victims of madoff's ponzi scheme. up job was the primary bank in the three years of the fraud that spanned decades. in 2008 madoff admitted to the f.b.i. he defrauded investors of $18 billion one of the largest financial frauds in united states history. madoff is serving 150-year sentence. >> >> president obama is urging house republicans to take quick action to extend unemployment benefits to 1.3 million americans. the president says he doesn't know anyone who wants an implement check over a job but the fact is, a lot of people are out of work. the president made the remarks surrounded by unemployed americans this morning in washington, dc after the senate cheered a key hurdle. this morning they voted in favor of extending benefits for three months after benefits expired january 1. >>> california's neighbor to the north, oregon, is attracting a good number of new residents. moving company united released the migration study this week and found that oregon with the number one destination for people moving from one sta

j.p. morgan chase has reached a $2 billion settlement in the bernie madoff case. the bank ignored warning signs that madoff was running a ponzi scheme. a portion of the $2 billion will be set aside for madoff's victims. >>> meanwhile, a historic vote set to take place in the senate today. janet yell len en is expected t become the first woman to chair the federal reserve. if confirmed, he woushe would s ben bernanke. >>> at&t paying up to lure customers. at&t is offering t-mobile users up to $450 in credit to switch providers. analysts call it a preemptive strike. they say t-mobile is planning a similar announcement this week. >>> and launching a preemptive strike on airplane boarding chaos. a new study shows that airlines could cut board lg time by boarding passengers based on the number of carry ons, rather than where they're seated. large carriers like delta could save up to $10 million a year in time savings. >>> frozen appears to be the theme outside and inside movie theaters this weekend. disney's animation retook the box office top spot this week end. paran

j.p. morgan a los angeles councilman proposed wednesday that the nation's second largest city consider ending tens of millions of dollars of financial ties with troubled j.p. morgan chase and company a motion introduced by democrat gill said below seeks a review of city business with the nation's largest bank as well as the house of legal options to end those contracts this is what real economic sovereignty looks like in fact if this passes they should real list by the heritage foundation los angeles should top the list all of that economic freedom remember what eric holder said and did when jamie diamond was brought down to washington for committing acts of economic fraud and terrorism. that we are unable to prosecute jamie dimon of j.p. morgan here at the department of justice this is what eric holder the attorney general of the united states saying he is incapable of prosecuting terrorism in america so why don't you just resign because you're sucking up too much oxygen the entire all the u.s. attorney general so the bar he said when he find them two billion dollars and a different prosecution agreement for their role in the made off a ponzi scheme he said he had to

j.p. morgan chase c.e.o. jamie diamond recently called. terrible store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in bitcoin may prove even more challenging reporting from new york marina artsy. pancho analyst mark thinks the case has a political context linked to growing influence the us dollar is actually the major facilitator of illegal transactions of drugs and human trafficking all sorts of nasty business is most of the trade is done with the u.s. dollar not big coin bitcoin is a small player it is a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in illicit items but this was a political event not a legal or judicial event this arrest it was a political event meant to intimidate people in the bitcoin space and it was a perfectly foreseeable event as well. some other news in

j.p. morgan chase c.e.o. jamie diamond recently called because terra. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in big point may prove even more challenging reporting from new york marina r.t. . coming up our special report on the final frontier between the u.s. and mexico's drug money is right after the break. i've always had mixed feelings about speed traps it seems like it's a waste of the police officers time but on the other hand they sure do make people paranoid and drive more slowly one man from texas is completely sure of his opinion about speed traps and he set out to save his felt texans from being fined for speeding and much more importantly from potential traffic accidents caused by the hidden police and now he is the one who is in deep trouble according to fox news ron martin faces a misdemeanor charge for violating fiscal texas sign ordinance that says that you may only stand around holding

j.p. morgan chase jamie dimon he recently denounce big coin predicted that it's going to fail right now because it is still an experimental phase similar to what the internet was in the early ninety's what's your response to diamond's prediction. it's very difficult for people who have lived their entire life in a hierarchical system especially at the top of a hierarchical system and gain the benefits that come from that including the ability to exhibit rent seeking behaviors and to avoid prosecution for fraud that would put other people in jail a long time ago and then be able to sit down and have a buddy buddy conversation with the secretary of treasury without anyone blinking an eye when they sit down and discuss competitive technologies and chuckle about them i don't think jamie diamond really understands but colin but that's not surprising it's not his role to understand the competing technologies because really he's in such a comfortable position whereby he can just receive seventy billion dollars of free money from the fed in the form of corporate welfare and doesn't have to compete and

j.p. morgan chase c.e.o. jamie diamond recently called because when i. terrible store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of strom's arrest securing confidence in big oil may prove even more challenging reporting from new york marina r.t. . and let's not have some other news in brief this hour and southeastern america is in the path of a heavy winter freeze that has already gone to the midwest and grounded scores of flights the state of louisiana and the city of new orleans have declared a state of emergency while still in several other areas schools and businesses will be closed in what officials have described as the heaviest storm. and a mass protests to run against the swearing in ceremony of the country's newly elected president has been held in the protest was organized by supporters of the film head of state montreal is a lie or who was ousted in two thousand and nine demonstrators chanted slogans against a vast regularities during po

j.p. morgan chase. you bring up the point that awful these settlement whether it's about the london whale or madoff are shareholders paying. it's not bank executives. >> in a company like facebook or twitter or microsoft, you have venture capitalists who own 40, 50% of the company. in the big banks in the united states, less than one-half of 1% of the shares are owned by insiders. 991/2 %. stock in these companies are directly or indirectly owned by you and me. the net effect of that is that the person who is being fined is you or me. what did we do wrong? nothing. who is not being find kerry kelling jer wasn't fined the guy at countrywide, angelo maz illa isn't fined. why are they penalizing you and i for something we didn't do and not penalizing the people who did the things that were incorrect. >> who says money can't buy you friends? companies are making big bucks off selling them to you. >> story and more as "real money" continues. keep it right here. i'm phil tores. coming up this week on techknow

j.p. morgan chase c.e.o. jamie diamond recently called because when i tell. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in point may prove even more challenging reporting from new york marina portnoy r.t. . the state of the union address later today is a chance for the u.s. president to take stock and to set the agenda but it comes at a time when americans are increasingly negative about how they view their own country when asked in one word to describe the u.s. many citizens chose divided or troubled some think the situation is getting worse while just a small number think things are changing for the better. off reports previous promises made in barack obama's key political address have not always been promises kept. looking to put the toughest year of his presidency behind him baracoa obama will deliver his sixth state of the union address to congress and the american people here in washington on tuesday yet a

j.p. morgan chase. they still have some other probes going on.l have this constant threat of stories about what is the latest thing in this chinese hiring probe. >> it is unusual for the most part. i think these things happen. j.p. morgan has managed several of these over the last 12 months. they are still operating. their stock price is pretty steady. it does seem to be business as usual. i think it is a case of if that ever shifts. >> the stock is up nearly 30%. i want to leave it there. thank you very much. my thanks to jonathan mile. always a pleasure. the weather is extreme. let's give you some details about some new ways to get from a to b next. ♪ >> this is "taking stock errico i'm -- "taking stock." i am pimm fox. it is day two of the so-called polar vortex that has been gripping much of the united states. many cities and towns have been combating icy road conditions. they are finding beets might be actually a better option. beet juice has been used to save money and proves more environmentally friendly than road salt that has been used t

j.p. morgan chase. they still have some other probes going on.ill have this constant threat of stories about what is the latest thing in this chinese hiring probe. >> it is unusual for the most part. i think these things happen. j.p. morgan has managed several of these over the last 12 months. they are still operating. their stock price is pretty steady. it does seem to be business as usual. i think it is a case of if that ever shifts. >> the stock is up nearly 30%. i want to leave it there. thank you very much. my thanks to jonathan mile. always a pleasure. the weather is extreme. some detailsu about some new ways to get from a to b next. ♪ >> it is day two of the so- called polar vortex that has been gripping much of the united states. many cities and towns have been combating icy road conditions. might befinding beets actually a better option. beet juice has been used to save money and proves more environmentally friendly than road salt that has been used throughout the united states. more abouterstand the business of using beet juice the snow

j.p. morgan chase, wants nothing more than to get this out of the headlines and not even have a less -- nothave us talking about it. >> they have so many other things to worry about. the bank will have at a minimum seven or eight department of justice investigations, many which are criminal. it still has a whole host of issues and headaches hanging over the company, but investors keep shrugging it off as no big deal. as we saw over this last year, they are paying billions and billions of dollars to settle these missteps, and at what point do investors say, ok, enough is enough? they still seem to have confidence in jamie dimon. >> hans, i will ask the question there distressed debt opportunities anywhere around this? >> i would say no. tebow that was an answer. ok. so that is at least one take. as far as the wall street community, do you have an opinion, do you not have an opinion? >> i suppose my opinion -- i can certainly understand why jamie diamond would want to get these headlines behind him. what is interesting on the by settling i-- think you are raising the bar a little bit for peop

j.p. morgan chase credit- card and debit card holders will be getting a new card in the wake of a massiveh at target. as many as one o110 million target customes were impacted by the hacked, including 40 million who use credit and debit cards over the past 19 days. >> it was five years ago today when it danville pilot safely landed at a damaged plane full passengers when new york's hudson river. the miracle on the hudson is what that stephen is now known as. today, capt. chesley sits on inverter would join some passengers were on board that flight to commemorate the anniversary. incredibly, all 155 passengers and crew made off the plane back on january 15, 2009. >> coming and we will have the tech report with gabe slate. female announcer: he needs a firmer he needs a firmer tempur-pedic... she wants a softer tempur-pedic... they both get what they need with the new tempur-choice, at sleep train the first tempur-pedic with multi-zone comfort control, featuring customizable shoulder, back, and leg support on each side. plus, get four years interest free financing. try the revolutionary new

j.p. morgan chase it will pay $1.7 billion for the ponzi scheme. then expanded?ir new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> welcome back to "the ed s w show." the latest economist to troll these waters is -- in order to create jobs, workers should lobby to eliminate the corporate income tax. businesses will go wherever its cheaper. the professor points to the recent showdown between a machinist union and the boeing corporation. they threatened to move operations and build its new liner aircraft jet to where it is cheaper to produce. 22 states cam

j.p. morgan chase has agreed to pay.ott is opening the tallest hotel in new york city, with 68-step building. from the top, you can see to pennsylvania. >> with the nfl playoffs in full swing, kraft says their cheese is in short supply, blaming manufacturing issues but some say it is just a cheesy attempt at publicity. >> that is america's money this morning. >> >> t-mobile is launching a program to entice you to switch your wireless carrier, coming as the consumer electronics show and t mobile will pay off early firm nation fee when they leave their old carrier. new subscribers could get $350 of credit. analysts say other carriers will have to until south. >>> tesla is working to connect their car with at&t network, chevrolet is installing 4g technology in the 2015 models and they released this video, with audi saying their cars will feature displayed navigation and thousands of internet radio stations and you can listen to your facebook posts and tweets by voice map. tesla says it will use at&t to power engine diagnosi

j.p. morgan chase, the country's biggest bank is expected to have a profit of more than $5 billion on revenuemost $24 billion. it is the first earnings report since the bank's $13 billion settlement with the government over bad subprime loans. and listen to this: a record setting budget surplus for the united states thanks to fannie mae and freddie mac. the treasury says washington was $53 billion ahead in december, the mortgage finance companies gave uncle sam nearly $40 billion as part of their 2008 bailout agreement. and coming up on al jazeera america, customer data, those breaches growing by the day. we are learning that on top of target and neiman marcus, three other companies may have been hacked. we have got the details. >>> chipping at roots to help detroit get out of debt. plus we will take you live to the detroit auto show, kicking off today. >> next we consider sacrifice and whether saving some members of endangered species is worth assault. afghan president karzai is long accused the un >> welcome back to al jazeera america. i'm tony harris. here's a look at your top stories. the

j.p. morgan chase bank agreeing to pay $1.7 billion to victims of madoff's massive ponzi scheme the primarynded in 2008 when madoff admitted to the f.b.i. the investment business was relative a ponzi scheme. >> fans were watching the super bowl can get their hands on david beckham's underwear. >> you want an explanation? okay, h&m has the full t commerce ad for fans that have samsung smart tv's can buy the collection during a second-second spot during the we second quarter. >> how about weather? >> really? really in really? we going to let that go? >> help yourselves. we will talk football and how cold it was and how many layers of protected gear they wore. this is what it is looking like over in charlotte as we head to the 9 weekend. right now the temperature is 12 with two-degree wind chill and by the weekend, more normal winter weather is coming that way and it will be warmer-than-average with mid-to-upper 50's and a chance of rain. right now, it is much cooler in places like atlanta, further to the south than charlotte and feels like nine below in atlanta and 42 below in green bay. we w

j.p. morgan chase after a series of massive legal pay intermediates.markets with strong advances with the biggest rally of the year yesterday making up most of the ground that was last on monday. target will soon be answering questions from two democratic senators demanding answers of the massive data breach and facing mounting lawsuits one claiming they ignored warnings of security weakness by 2007. >> toyota's concept car is called the re-entry into the sports car business. it looks cool although it is not being produced. >>> the white house says president obama intends to nominate a woman to head the small business administration today. she is the founder of a latino owned community bank if los angeles. she as been in mexico and has a history of working with small businesses. she would become the second hispanic in obama's second term cabinet. the other is the labor secretary perez. >> job fair is held in oakland for 150 positions available for the revitalizing foothills square mall reoning in march. the job fair will be held at the baptist church o

j.p. morgan chase actually affects that it's intuitions bottom line the idea is to hold the government accountable for its often less than satisfactory settlements with banks this fall for example j.p. morgan received thirteen billion dollars settlement with the federal government or the avenue which was tax deductible or the five years after wall street crash the economy the big banks are bigger than ever and just as immunise seems of any real punishment no major bank executive has yet to go to jail for their role in the financial crisis at least not the united states if you know iceland yet not a month goes by without some major scandal revealing almost pathological levels of criminality in our financial system first it was the london whale scandal but it was a live war and after that it was the news that h.s.b.c. helped launder money for north american drug cartels but this wall street how does wall street continue to get away with such obvious criminal activity and what can we do to keep the big banks in check joining me now for more on this is larry doyle . former mortgage backed securities t

j.p. morgan chase started attacking the obama administration, on economic and regulatory policy, all of adden these investigations start popping up. >> you have to wonder. quid pro quo or tit-for-tat. >> they did some things wrong. >> what about where they -- five years to be on good behavior or more -- >> called a deferred prosecution. that means they can stay in business and have to agree not do bad stuff. here's the reality. this part is weird. if j.p. morgan did aid and abet bernie madoff, where is the person that did that aiding and abetting. why aren't they charging one named person. the reason why they're not? j.p. morgan maybe as an institution didn't do anything worse than what the securities and exchange commission did, which is -- couldn't find -- bernie madoff -- they had evidence he did wrong and they did nothing. >> we'll get into that later. you're right. one thing i'm asking, these funds that willingly -- i know j.p. -- they're not the only ones dos do you think that makes them think, let's go for a bill more. looking into companies -- >> here's the thing. i think jp morga

j.p. morgan chase over business dealings linked to the convicted pondi scheme mastermind bernie madoff. morgan says it doesn't believe any employee knowingly assisted in the notorious scheme. >>> the reigning olympic and world cup skiing champion lindsey vonn is pulling out of next month 'olympic games in sochi, announcing on her facebook recent knee troubles are too much to overcome in time. she underwent reconstructive surgery after hurting a right need nearly a year ago, and then aggravated the problem during a crash in november. >>> just ahead, will house republicans follow the senate's lead vote to extend unemployment benefits for more than 1 million americans? i'll ask the head of the republicans national committee. there he is, reince priebus. >>> and dennis rodman speaking exclusively to cnn, and unleashes a rant. >> no, no, no, no i'm just saying -- i don't give [ bleep ] what you think. i'm sending you -- look at them. look at them! welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one r

j.p. morgan chase got a 74% raise last year. the bank said today that chairman and c.e.o. jamie dimon made $20 million dollars. it cited, in part, his role in approving a $13 billion settlement for misleading investors before the 2008 meltdown. company profits fell 16% in 2013, while its stock rose 33%. >> wooduff: direct talks between the syrian government and the western-backed opposition were scrubbed today, but they're set for tomorrow instead. u.n. mediator lakhdar brahimi said late today that the new plan is for the two delegations to sit down with him in the same room on saturday. we'll get a full report on the day's events, right after the news summary. in egypt, a wave of bombings hit cairo, killing at least 6 people. it was the most serious attack in the capital city since the military ousted islamist president mohammed morsi. jane deith of independent television news narrates this report. >> reporter: dawn in cairo and on the left of the picture, a white pick-up truck stops next to the egyptian police headquarters. these pictures aired on local television appear

j.p. morgan chase, but still made more than $5 billion over the year.illion for legal expenses, including last months agreement for its role in the bernie madoff off a. they agreed to pay $13 billion for selling bad securities mortgages. c.e.o. said the bank is glad to put those legal issues behind it. >> google coming to your home, shares jumping in premarket trading as it is now buying net slabs. it develops them stats and smoke detectors. it is one of the big have acquisitions for google yet. the dow is higher, turning in its worst day of the year so far monday. in share, the markets ended the day mix, nikkei down. european stocks are lower following the negative lead of the markets in the u.s. >> the first grand slam of the year underway right now. down under john henry smith right now said oy. >> i say that all the time, of course. the australian open this year, does 32-year-old roger felderer have another major title in him? he has won a record 17 of them but his last two years ago. taking on switzerland's james duckworth picking up the action, fe

j.p. morgan chase close to a deal in the bernie madoff case, paying for a wouldly turning a blind eye for off as he ran his ponzi scheme. madoff's relationship with j.p. morgan respond two decades before his arrest. >> key mobile making a big purchase from verizon, paying almost two and a half billion dollars for some verdicts licenses, t. mobile saying the licenses cover 150 people in major u.s. cities, including narc, los angeles and washington, d.c. >> a new twist in the suit wars, men's warehouse attempting a hoss till take discovery of j.s.a. bank. the offer will be taken to the shareholders. this is the latest in a back and forth bid between those two companies. >> wall street looking to open higher today, do you futures up 28 points, starting the day at 16,469, the s&p at 1831 and nasdaq at 4,131. in asia, the markets there ended lower, nikkei falling blow the 16,000 mark. >> european markets are posting small gangs at this hour. >> janet yellen, the senate is expected to vote to confirm her as chairman of the federal reserve later this afternoon. fed watchers say her biggest challe