j. p. morgan he said j. p. morgan doesn't know me so he had a simple solution which was the government isn't doing something i want i will change the government. >> this is one of the astonishing parts of this astonishing book. basically 1-man overthrows the government of honduras. that is exactly what happened. >> knox knew that mary was going to do something not good so he got a group of secret service agents to follow and make sure he didn't go to honduras or take mercenary soldiers down so he went to the carrousel bar which i encourage you to get a drink at on royal street in new orleans and he hired be christmas who was the most famous mercenary in the americas at the time. they got this guy who had been for president of honduras and been thrown out after a civil war and was living in a dive by the mississippi river and put together a mercenary army and a warship -- the secretary of state was following him through the city and they could get out so he went every night to storyville and go to the same house

j. p. morgan heading to capitol hill. jamie dimond will testify at a senate hearing today regarding the botched trades that lost the bank $2 billion. his prepared remark appear to include a couple of defenses as well as an apology for the trading loss. he is expected to tell lawmakers the bank is sorry it let people down. >>> republican nominee for president mitt romney will be in the district this morning. he will be at the newseum. he will be speaking to about 100ceos from as. >> the country about the economy just before noontime. usually the business round table meeting are not open to the press but the media will be allowed into this morning's meeting. >>> and president obama holding three fundraisers in baltimore yesterday. he spoke about job creation at one stop at the hyatt regency. today, he will be at a campaign event at the w hotel in the district. he is also hosting shimon perez at former ceremonies at the white house this afternoon and later tonight. >>> in a new interview, casey anthony admits to past mistake

j. p. morgan chase. we want to thank our host sponsor, pacific gas and electric. dignity howff, kaiser permanente . thank you to all of our sponsors. i am supposed to wait six seconds so everyone can read this list. have we screamed through that? it is quite a long period -- quite long. united airlines, union bank, and our media sponsors, the san francisco examiner and hers media services -- hearst media sponsors. thank you very much. i could not do it without you, so today we celebrate the successes this chamber has accomplished and the promise of greater successes ahead with our team this morning of prosperity, business, labour, and government united, because that is the key to making the city viable and sustainable, and with our new mayor across more business- friendly, economic-friendly, we are all working together to a common goal with sharon priorities, and that is truly a formula for prosperity and improving the well-being of all san franciscans. the 2012 city beat poll survey of san francisco voters found that some franciscans are very optimistic about the

j. p. morgan ceo getting grilled in washington over the company's big trading loss.int protesters interrupting about the $billion trade gone bad. but jim demint repuget soundingen at the hearing that congress loses twice that amount every day. another car recall from honda. the automaker pulling back about 50,000 civics for this year's model for drive shaft problems that could cause the car to lose power. the airlines hit hitting more trouble can must merz. they are i saying that customer satisfaction is down from last year. the fees for checked bags continuing to tick off a lot of folk flying. >>> that is business. i'm he neil cavuto. -- i'm neil cavuto. [ dog ] i am a pro baller. 11 years playing the outfield, and i got no plans to retire. [ female announcer ] aging may slow a dog down, but iams helps keep dogs playing year after year with our age-specific nutrition. and now, even for dogs 11 and older with new iams senior plus. it helps boost the immune response to that of an adult dog and helps fight signs of aging. [ dog ] i'll never be a bench-warmer. [ female

j. p. morgan is heading to capitol hill. jamie diamond will testify regarding the botched trades. he is expected to tell lawmakers the bank is sorry it let people down. >>> a three-day manhunt has ended in alabama for this man accused of killing three people at a weekend party. the suspect surrendered to police last night. he was taken into custody by u.s. marshals at the federal courthouse in montgomery. >>> a west virginia woman is on a walk to remember. she is walking the entire appalachian trail and it is all to help other people. when she is done, she will have walked more than 2,000 miles through 14 states. fox 5 photo journalist lance ng had a chance to catch up her. >> always enjoyed camping being backpacking. i sold my truck. i left my job. i gave up my apartment and i had a little apartment so i just put a few things in storable and gave with a everything else and i just left -- gave away everything else and i just left. i'm annie weisscarver and i'm hiking the appalachian trail. i wanted to do something big when i turned 50. i always loved to hike the trail. i thought w

j. p. morgan chase was back on the hot seat yesterday. jamie dimond testified on tuesday before a house committee. member grilled him about the chase's multibillion dollar trading losses. dimond says the bank made honest mistakes but informed investigators promptly. >> we disclosed what we knew when we knew it. >> wouldn't you be serving them better for you spent more time fixing out these mathematical formulas, won't you do a better job if you evaluate the ininvestment? >> it is estimate chase lost more than $2 billion on the risky trading. dimond says he won't know how much until the bank reports its quart arely earning next month. -- its quarterly earnings next movement. >>> mitt rome know says abc news got to wrong and florida senator marco rubio is being considered for vice president. abc and the "washington post" reported yesterday that rubio was not in the running for the number two spot but immediately romney shot down the report. >> the story was entirely false. marco rubio is being thoroughly vetted as part of our process. >>> o

j. p. morgan chase, citigroup all got a two- notch downgrade. of america got a one- notch downgrade. >> some of the largest european banks were also downgraded. if i have teen batchs in all are seeing their ratings slashed. one financial analyst says the downgrades are not as bad as some people may think. >> some of these were not as deep as had been feared. we find that certain bank stock price were now moving higher in after-hours trading as a result. >> jonas ferris from macfunds.com agrees. >> you condition complain as a borrower right now. all of this panic and fear is driving rates down inform you borrow money, it is best time ever to borrow. >> reporter: the downgrades come as the credit rating company suggest the prospects are shrinking. earlier this month, moody's downgraded spain by three notches and that came after downgrading 16 spanish lenders back in may t cut the rating on seven german and three austrian lenders. in new york, mary ann rafferty, fox news. >> up next, we are headed to the movies. stay with us for that.  sit

i'll >> downgraded some of the country biggest bank including bank of america and j p morgan chase. citigroup and goldman sachs. downgrade could increase the cost of borrowing for the bank which may make it more difficult and more expensive for consumers to get loans. they are concerned about the bank long-term prospects for profitability and growth. >>> top state democrat reached compromise budget deal with governor brown today. tvl we have the story. >> governor brown wanted deeper can tout program that help the poor. democratic leaders wanted to lessen the blow. in theen the budget compromise includes what the governor originally wanted. limiting welfare to two yearsen steady of 4. to new resip yenlt. county can extend it in some cases. democrat were able to save some subsidized chilled care slot with only 10,000 being cut. healthy family insurance program will be eliminated. and nearly 1 million kids will get coverage through medi-cal instead. >> these are sober decisions. about we do the very best we can to balance and minimize impact and harm. >>reporter: miss hall business to

j. p. morgan chase is facing more questions on capitol hill about his firm's recent trading loss. jamie diamond said the bank did its best to let investors know about the risk individual several weeks before the loss occurred. he claimed that banks trusted the methods using models that provided the best information at the time >>> breaking news out of egypt, hosni mubarak has moved out of prison into the hospital. he suffered a stroke, and his condition is reportedly rapidly temperature tearuating. moments ago, the state news is is reporting he's clinically dead. this comes months after mubarak was ousted by an uprising demanding catastrophe >>> leaders of the world's largest economies are wrapping up a meeting in mexico focused on how to keep the financial crisis from spreading. we have more from the white house >> reporter: the leaders of the world's largest economies child for their official photo; but the seriousness of europe's financial problems dominated the meeting >> we will be working under your lip with the performance and with all countries to make sure we're contribut

. >>> and the head of j p morgan chase makes a $2 billion apology.ust be nice, cheering on team usa from the shallow end. back in '08, we didn't have these u-verse wireless receivers that let you move the tv around wherever. no siree, bob. who's bob? and if you didn't have a tv outlet, well then you couldn't watch diddly-squat. you talk a lot. you have no idea how good you have it. that's not working. [ grunts ] [ male announcer ] get a wireless receiver in time for the olympic games. get u-verse tv for $25 a month with free hd for six months. rethink possible. expwhrrkts she has been missing for almost three months and even though a man has been charged with her murder, there is no sign of sierra lamar. the search for sierra lamar is ramping up, including an increase in the reward for help find her. robert handa is live with the developments >> reporter: there is in development in the search for sierra lamar. the sheriff department told us about its next search plan. the family put up this banner. about 70 searchers fanned out over santa clara count

j. p. morgan chase will apologize to congress. jamie dimond is expects to plain how the company lost $2 billion in the course of two week. >>> still ahead on fox 5 morning news, a heads up on metro. find out which station is officially get a new name today. >> pretty incredible video from overseas. we'll tell you what happened when a tornado tore through venice, italy. we'll have to ask tucker about that one.  . >>> a rare tornado rips through venice, italy t destroyed the roofs on more than a dozen buildings there. as it turned into i waterspout over the lagoons, it tore through several of the islands that surround venice. the twister smashed several boats, ripped up trees but luckily did not damage the historic center of venice. >> we got to talk about that one. that is not something that i expected to hear in venice, italy. but clear skies here in the washington, d.c. area. no worries. so, tucker barnes, what about this tornado in italy? >> they do happen occasionally. they are somewhat rare. i just looked

j. p. morgan's father ratings cut theory of here is how it could affect you. that does make it more of the for banks to borrow money to meet short-term cash needs. the extra costs could be passed on. some of the downgraded banks already thick hit last year from the other two major rating agency >>stanley: what are you on this crew when it says, no private vehicles? >>stanley: this driver ignored 10 at separate times on market street in san francisco. so did this moped operator. >>stanley: he did not see the signs? the city of san francisco wants to make most of market street in transit and a bike lane. parts of market street have been away for years. tonight at 8:00 p.m., we will see how they're working in talk to the people who ignore the sides. >> bad sign it. >>stanley: there were tens signs back there. how are they bad? >>catherine: makes her fourth of july plans include watching kron4. july 4th live, you'll have the best seats in the house. was a huge fireworks from all the bay area. we are the only station bringing your local fireworks. it all starts at

j. p. morgan's trading losses. mr. geithner is interviewed by andrea mitchell of abc news. this is about 40 minutes. [inaudible] >> you know kim geithner. the want remind everyone to turn off your devices. we are delighted to have secretary geithner here and could not be more timely moment. the headlines today spread across europe and the wall street journal. financial times of the-we wanted to give you the opportunity to talk about the crisis in the euro zone and rates rising dramatically today in italy which signals there is some fear in the markets about contagions spreading darryl -- from greece to spain. italy is the big concern. they are going to the g 20 meeting. many players will be there. is an unavoidable fact. your perspective on the european crisis and the possibility of contagion and halt well capitalized our system is. even the best bankers don't know about risks in their bank. and the u.s. -- are we really? >> the global economy and the world, you are seeing growth slow in most major -- many challenges here. europe is in the next stage of another escalation m

j. p. morgan just showed us, losing $3 billion on one reckless trading scheme. we are back with trade deficits. and we face the struggle of what comes next. americans are only learning about mitt romney. he is not a mystery. he is what, but inevitably, -- he is what, inevitably is wanted by the 1%. he would give millionaire's an average 25% tax cut on top of the bush tax cuts. he calls for eliminating taxes on corporate profits abroad, turning the entire world into an offshore tax evasion. he wants to reopen the casino economy that blew up the economy. he would repeal health care reform and medicare and medicaid, throwing 34 million people out of health care protection. he protects subsidies to big oil. wants more money for the military and less for our schools. this guy is building a summer home with elevators for his cars and he says obama is out of touch. he paid a tax rate of about 15% of income of $20 million, a lower rate than his chauffeur. that is the tax return he chose to show us. imagine the ones he keeps secret. no wonder he says that talking about i