adam shapiro has the latest. >> reporter: the risky hedge that went south at j.p. morgan chase is under the micro scope now of the federal government. the justice department says it's investigating. that news comes as the office of the fbi announced they too are opening an investigation into the deal. and ceo and chairman of j.p. morgan chase, jamie dimon had to answer questions. >> we ended up with a strategy that was flawed, complex, poorly vetted and poorly executed. this should never have happened. i can't justify it. >> reporter: dimon also says he's not against new government regulations. but adds, they should be smarter, stronger regulations based on facts and analysis. >> we do continue to believe in the importance of being able to hedge risks as an institution. however, we understand the needs for rules to make sure it doesn't morph into something different. it violates our own principles. >> reporter: outside the meeting, security was tight, a checkpoint at the entrance and officers posted on the roofs of buildings. [ chanting] ] >> reporter: a small, but

adam shapiro. i am surprised that's legal. >> that's a tough one, too. puts potential employees in a difficult position. >>> just about five minutes before the hour. earlier in the show we asked you to brew on this. scientists are asking to study junior seau's brain fearing football injuries may have con trub butted to his suicide. they are claiming the league doesn't do enough to protect them from concussions. >> should the nfl be liable? 80 percent of you say no. here are some of the responses at doctor doctor jo-jo says players are worried they can quit football. no way to garn the they won't be hu -- guarantee they won't be hurt. >> travis tweeted you tell the players take risks. i got concussions in iraq for a lot less money. >> if they want to sue the nfl they need to sue the ncaa and the high school they started at because blows to the head started young. >> a lot of parents are concerned about that with their children playing football and other contact sports. >> it is now five minutes before the hour. here we go again. a woman told that she was

in tampa, adam shapiro, foxx business." 3 a.../ floriia momm../ shot nd killed.../ her... this.../ the... scene ../ ...ttying to secure .../ brevard county, .../ áápoliceáá say... 33 year old....tanya thomas.../ shot... her... four children.../ ages.../ 2... to 17 .. ááneighbors áá say... p3-kids.../ came... to tteirrhome.../ saying... their mother .../ shot them.....// áátheáá mom... cclled the neeghbors.../ & pad... called the kids bacc.../ to ....he house.../ ááwhereáá she... atally shot them.../// 3 a trrp to walmart trip to the emergency room and an unbelievable story. shopping at this clarkston, washington walmart over the weeekend when he as biiten by a rattle snakk. he was rraccing down to chhck the pricc of someemulchhwhen he grabbed what he thought was a stick agaanst the ign. turns oot it was a veryyangry western diamondback,,a common venomous snake in the area. -3 3 3 "i weettto sling it off ann it sling it off twice and hen it hit the ground it curlee p." - 3& "i had a hero there ho knew 3 3& the hero as aa ffllow shopper who saw craig fling the snnke across t

fox business network's adam shapiro with the latest.t south at jpmorgan chase is under the microscope now of the federal government. the justice department says it's investigating the $2 billion trading loss. that news comes as the new york office of the fbi announced they, too, are opening an investigation into the deal. and ceo and chairman of jpmorgan chase jamie dimon had to answer questions from shareholders at their annual meeting in tampa florida. no cameras were allowed in, but audio was broadcast out. dimon spoke frankly about the infamous trading portfolio designed to hedge against risk jpmorgan chase was taking. >> we ended up with a strategy that was flawed, poorly executed and vetted. unfortunately these mistakes were self-inflicted. >> reporter: dimon says he's not against new government regulation but adds they should be smarter stronger regulations based on facts and analysis. >> we do continue to believe in the importance of being able to hedge risk as an institution. however, we also understand the need for rules and p

adam shapiro is here. >> they could use a facelift after the ipo. the time line eastbound is up and arms over. they are going to super impose your personal information that's now below the time line photo on the time line photo. as long as we are talking about facebook let's talk about the lawsuit. >> the fiasco. >> this guy filed suits, class action status. nasdaq is in there they botched the ipo. >> the survey what's going on there? >> there's a linked in survey. do you ever do a list? honey do this, honey do that. to do list is what you do at the office. americans score number 6 on a worldwide survey of who accomplishes their to do list tasks. brazilians do much better. >> what about youth unemployment? >> youth unemployment is not getting better. 75 million people between ages of 16 and 24 are unemployed. that number helped steady. it is roughly 12-13 percent of yu youth worldwide. doesn't look like it will come down any time soon. >>> it is 10 minutes after the hour. a top white house official leaking the top secret information about the rain w

. >>> thank you for joining us adam shapiro. it's 11 past the top of the hour.exas police in an all night stanned off with a man inside a crane of the campus. we have breaking news and the dramatic ending. >> a student missing class because she was trying to support her family. did the judge go too far? we will look at that. >>> gas national average 3.64 a gallon. >> now to a developing story overnight. a standoff coming to a dramaticened in texas. answer ainsley has the latest. >> a man was hold up in a cab of a crane for nearly 15 hours. then arounded 3:30 eastern time this morning nearly two hours ago the man reportedly climbed out dangled for a short time and fell 150 feet to the ground. it is believed he died from that fall. police arounded confirming anything at this time. both smu and dallas police have been trying to coax that guy down since early yesterday. he reportedly told them he was armed an threatened to shoot any one was near them. the crane used to construct a hall. he tried to evade the police after an early morning car jacking. he said he was

jon: adam shapiro in tampa. adam, thanks. jenna: gay marriage is a big talking point of the presidential campaign. will the president's recent public support hurt or help his re-election chances? we have new poll numbers in. we'll talk a little more about strategy ahead. jon: plus in afghanistan the taliban is stepping up attacks against u.s. troops as american forces prepare for a former, formal withdrawal. michael o'hanlon is here with the latest. he is just back from afghanistan today. has some late-breaking information. [ male announcer ] what's in your energy drink? ♪ wer surge, let it blow your mind. [ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. they fly just a liiiiittle bit higher... [ man ] he hits it! [ morgan ] ...go just a liiiiittle bit further... [ woman ] a perfect 10! [ morgan ] they can even be perfect. and when we come together... to cheer...as one... [ chuckles ] ...we know what happens. [ crowd cheering ] visa. proud sponsor of the ol

adam shapiro, age 34 from military dad category. may 21st is the deadline.ers on june 12. >> frank's not eligible for over 80? >> i would vote for him. >> come on! who's hotter than frank? >> i love clint eastwood but he's not as hot as frank. >>> actress and fitness guru suzanne somers? >> who's hotter than suzanne? nobody! >> sara and her mom go hunting in the big city. what are they hunting for? >> you'll have to wait to find out. but first, these messages. fo >>> for many, not the three of us, of course, getting older can be a real bummer! suzanne somers is try doing something about it for you because she loves you so much. >> she's just released her 23rd book. >> that's unbelievable! >> it's called "bombshell -- explosive medical secrets that will redefine aging." >> she's here as living proof. >> hello. >> wait. did you really just celebrate your 65th birthday? >> yeah. yeah. yeah. when i was a kid -- if you're 65 you either retired or died. >> we never think about what life's going to be like for us. did you ever even think what will i be like at 65?

adam shapiro with fox business network is live in new york with this morning's business beat.ood morning. we kind of knew this might be coming. the debacle with nasdaq's handle of the facebook ipo has ledy to alawsuit now. >> i man named philip goldberg in your neck of the woods actually filed suit against nasdaq here in manhattan federal court yesterday but seeking class sax status essentially saying that thousands of investors like himself lost thousands of dollars and it will add up to potentially millions of dollars because the nasdaq failed to execute, buy, sell and cancellation orders in a timely and proper manner. so that suit is now filed. we'll see if they can get class action stt alsoened if it will go forward. >> now, there is even more trouble for one of the underwriters. morgan stanley is under investigation now. >> yeah, the financial industries regulatory authority is looking for whether or not morgan stanley inappropriately tipped off select clients as to the fact that one of morgan stanley's analysts had cut the outlook for facebook saying that the potential f

months ago experts were predicting gas could hit $5 a gallon by the summer driving season fox news adam shapiroess network. this trend is in a good direction. >> it's in a good direction for now. andy lipau saying we could see $3.50 summer driving season three weeks away. average price about $3.79 a gallon now off the peek of 3.94 cents. shep, keep in mind that while gasoline prices are headed down it all has to do with refineries. we are seeing refineries being taken off line out west. prices could manage to go back up. >> what about oil prices. >> that's also good. saudi arabia saying the price of oil is too high. we should see oil continue to come down. >> shepard: home prices are up for the first time in eight months. data analysis form core logic reports a 4.6% gain in march thanks to healthier balance of supply and demand. discount sales of foreclosed have weighed down. former massachusetts governor mitt romney is expected to move closer to clinching the republic presidential nomination with primaries in three states. moments ago i mentioned the associated press has already called indiana

adam shapiro, age 34 from military dad category.? >> who's hotter than suzanne? nobody! >> sara and her mom go hunting in the big city. what are they hunting for? >> you'll have to wait to find out. but first, these messages. ever. ♪ oh oh oh oh you see it in the brush... ♪ oh oh oh oh ooh oh ...and then there's the pillow. ♪ i dare you to dare me so they dared me to try this pantene. [ female announcer ] pantene anti-breakage the keratin protection system makes hair stronger reducing breakage up to 97%. ♪ think only salon brands can do that? i took the dare... will you? [ female announcer ] anti-breakage from pantene. hair so healthy it shines. where we switched their steaks with walmart's choice premium steak. ♪ this is really good. like what i grew up with. only one out of five steaks is good enough to be called walmart choice premium beef. can i let you in on a secret? you're eating a walmart steak. no kidding. noooo! i promise. it's very tender. you could almost cut it with a fork. it is delicious! we need to start buying those