j.p. morgan chase says that charged some accounts debit cards twice j.p. morgan chase apparently double charge them debit cards so his actual cash was not credit and they blamed a computer glitch well that's the new repos scam remember lehman brothers recalled one of the little pet banks they had on their side from a dick fuld neddy the override borrowing from the forestry works on his overnight commercial paper repo market so jamie diamond the banker of the individual that people hate he figured out you know what just debit a glance of credit cards over and i will take that as a repro will roll over some commercial credit on the on the floor. and then i'll come back tomorrow morning and say it was a glitch but we have these your money over to be rolled over. but this is a constant crime that j.p. morgan is committing is customer funds are seized over and over is very similar to the m.f. global story now we're going to look at another headline where accidentally customer funds get comingled in j.p. morgan's regulators expected to penalize j.p. morgan over l

j.p. morgan chase citibank and b. of a are the top three finance ears of industrial projects which cause c o two emissions and if it is true that you know the new york times and lots of other. commercial media types of venues are not so willing to talk about it in such a direct fashion i'm discovering that ordinary folks down in the bus stop in the diner talking on the sidewalks we just simply believe yes the sixth weather is coming from c o two emissions is coming from the financing of coal fire power plants and and methane and carbon monoxide and so forth this comes from the big banks now you point out the economics of carbon emissions and how these corporations amid all this carbon of course their finances are financed primarily by those three banks as you mentioned so it would be seemingly fairly simple to do an analysis and say well you know the banks are taking on this risk that the globe blows up here's the carbon risk here's their balance sheet here's what it's worth per se air how come we never see an analysi

j.p. morgan chase. welcome, susan. >> i got to put on my glasses. good morning. california is a state with many opportunities for growth. the people, facilities needed to serve to businesses as well. we are creating many jobs, including construction to build a brand shows, vendors to provide services, and employees to help our customers with financial needs. we are honored to sponsor today's event, and it is my pleasure to introduce him. jim is the managing director and chief economist for j.p. morgan chase and works closely with our investment banking and government relations groups. in addition to publishing independent research on the economy and financial markets, his views are widely cited in the media. he is a frequent commentator on economic policy issues. he received his undergraduate degree from the university of illinois and holds a ph.d. in economics from northwestern university. today he will provide a national overview and update us on what to expect as we go forward in 2012. goo[applause] >> good morning, san francisco. i love visiting san francisco

j.p. morgan said to transform treasury to prop trading this is again brings us back to the last eagle j.p. morgan chase and company chief executive officer jamie diamond has transformed the bank's chief investment office in the past five years increasing the size and risk of its speculative bets according to five former executives with direct knowledge of the changes achilles machree hired in two thousand and six as the chief investment officer as top executive in london led an expansion into corporate and mortgage debt investments with a mandate to generate profits for the new york based bank three of the former employees said diamond fifty six closely supervised the shift from the c i o's previous focus on protecting j.p. morgan from risks inherent in its banking business such as interest rates and currency movements. oh or do we begin first of all they said they're increasing the size and the risk yes they triple that they tripled it we're living in an era of the too big to fail banks acting like purana eating our everyone's lunch so here's a guy in a mecca. for a least a killie's backus. achilles m

j.p. morgan chase which is mf global's largest creditor, regarding the mf global fund and its possession. you stated that you and j.p. morgan "are engaged in substance of discussion regarding the resolution of claims." is it your expectation that some of these funds will be returned from j.p. morgan chased to mf global customers? when ken mf global customers expect a resolution of claims against j.p. morgan? >> i believe that we have a solid basis for seeking a recovery of some of the funds that were transferred to j.p. morgan. as to how the decision ultimately will be made, if we do not reach a consensual conclusion, it will probably have to be resolved by a bankruptcy judge. how long that will take, it is difficult to predict. it is difficult to predict. we would not be exchanging information and engaging in confidential discussions about legal arguments unless we thought we had a good prospect of recovering something from them. >> can i ask mr. freeh one quick question? mr. freeh, you are the trustee of mf global holdings. is it your responsibility to protect the assets of what is left

j.p. morgan chase showed slows. let's look at the numbers for you. the dow closed 181 points up. nasdaq, 39 points up. we mentioned china. we mentioned the spanish banks borrowed heavily in march. that was not great news. but this j.p. morgan chase news is good news. they hold for assets in the country. it could be a wash today. after the closing bell, google spoke about a stock split. it's still unclear when it will take place. it will come with no voting rights. google closed at $651. >>> 5:21. pat burrell will retire from baseball as a member of the phillies. the phillies selected burrell with the 1991 pick of the draft. he spent nine seasons with the team, leaving in 2008 after helping the phillies win the world series. he won another championship with the giants in 2010. burrell will sign a one-day contract with the phillies next month. he's going to throw out the first pitch before their game with the boston red sox. >>> life on mars, what scientists have reexamined that makes them say they were 99% sure life exists on the planet. >> why we should expect the west nile virus

j.p. morgan chase and other retail high tech and domestic accounts which should give another signal to a possible turnaround for the u.s. economy. many say it might be a better indicator than the economic indicators we have had. a lot of corporations have to give an outlook for a forward-looking insight into their corporations. that might give investors and market players a better idea. as we have been covering the geopolitical risks involved and we'll see the market reaction to any possible north korean missile launch. we'll follow that throughout the trading day today. for now, the nikkei and topix are trading higher. back to you. >> thanks for the update from the tokyo stock exchange. >>> the u.s. government is suing apple and five major u.s. and european publishes over al lell price fixing of electronic books. they say it violates u.s. anti-trust law. in the lawsuit filed with a new york district court it demanded apple and the publishers cancel the deal. three of the five publishers are ready for a settlement but apple declined to comment. the department said the price fixing took place in 2

j.p. morgan that's right is j.p. morgan who look at those giant pile that feeds you morgan chase man yeah those are nasty losing disgusting piles of the residence k.p. morgan chase has a derivative exposure of seventy point one five one trillion dollars seventy trillion is roughly the size of the entire world economy the one trillion dollar towers you see in this info graphics are double taxed at nine hundred thirty feet i want to call the empire state building is behind us well it's a lot of the river the biggest service position in the world so it's a bank by the way has another huge position which is bigger than the entire g.d.p. of germany so as soon as the reserve bank goes bust they'll take that country with it as well you've got more derivatives of j.p. morgan than the g.d.p. of america by many times over for five dollars of g.d.p. of the entire country so as j.p. morgan goes belly up goes bust and jamie dimon is a very. immoral illegally bent type of corporate now mel malcontents. family tree goes belly up but hey he's going to join dimes on the street to do to make a john d. rockefeller impression but let's look

j.p. morgan chase, and micromenders, among others. the first of them to join us was salesforce.com. they are the enterprise, computing company that is leading the ship to social enterprise. one of the largest and best employers in the city. it is my honor to welcome one of our best friends from salesforce.com. [applause] >> thank you. we are delighted to be here and be a part of this exciting and groundbreaking announcement. i have to say, it is an honor to serve -- share the stage with mayor lee and our corporate partners. thank you for inviting us to be here. salesforce.com is dedicated to recruiting and hiring the best possible talent across the city of san francisco. we are proud to be a founding corporate partner of your day area hosting four intern's. now over three years later i am excited to say, we have posted 47 intern's across seven classes. some are here today. [applause] just as salesforce.com transformed the enterprise software market with cloud computing, you are transforming the talent and what it looks like. i am sure i speak for all the partners when i say that the

j.p. morgan trader accused of breaking c.d.s. index market with a massive proposition and j.p. morgan chase trader of derivatives linked to the financial health of corporations has amassed positions so large that he's driving the price loose in the ten trillion dollar market traders outside the firm said he's doubling the london whale and his name is bruno in the london desk of j.p. morgan as you point out the very exact same day that life masters are saying that o.j.p. morgan doesn't take positions out of the clients of the product esther's that out of control there's a huge profit freighter in london out of control trading out of clients and committing massive fraud at right next to blight masters and of course london and life in london are where most of the frauds take place where there's a i.g. lehman brothers of the local provocation or a up off occasion silver market manipulation all goes through blith all goes through london and we say to time and time and time again well in particular the silver market manipulation is alleged to happen specifically through london this is what andrew

j.p. morgan chase chief economist bruce kasman says that's certainly an improvement, but he doubts the sector will quickly return to pre-recession levels. >> i think what's preventing that, to a large degree, in effect, is the significant components of u.s. demand in goods-producing industries such as housing are just so far from where they were in the previous peak that the manufacturing sector demand is going to be limited in terms of the recovery. >> reporter: what is helping u.s. manufacturing is growth in agriculture, technology, and mining. on top of that, many of the new manufacturing jobs require higher skilled workers. selleck says michelin could have built the new plant anywhere in the world, but liked what it's seen in south carolina. >> this will be the ninth plant that we've opened in south carolina, so we have a lot of experience in attracting and training the workforce here. >> reporter: selleck thinks demand for big earthmoving equipment could continue for at least the next decade, keeping demand for michelin tires on a roll. and that could mean job security for the 500 new wo

j.p. morgan chase and wells fargo. and monday, we sit down with noted economist simon johnson for the latest on europe's debt crisis and its impact on the u.s. >> susie: have you ever had a great business or investment idea inspired by a trip to the store? author and educate orer lieu heckler has. he's been asking this question is this right? >> a few years ago i was speaking at a hardware conference in minnesota and we were invited for a tour of a wonderful hardware store in duluth. every aisle sparkled, every bin was stocked, all the signs were clear and big and easy to see. a man ahead of me in the garden tools area seemed to be looking for something he lost. excuse me, i asked, what are you looking for? maybe i can help. he smiled, i'm looking for one thing. i'm looking for one thing they do here that really strikes me as innovative and then i ask myself, "could we adopt it in our business?" he told me that whenever he visited any business, especially one that had nothing to do with his line or work. he promised hi

j.p. morgan chase and wells fargo report better than expected earnings thanks to stronger mortgage businesses. it's "nightly business report" for friday, april 13. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie is off tonight.. a volatile week for u.s. investors ended with u.s. stocks down today. worries about the global economy have come back into focus this week as china's economic growth has slowed and spanish borrowing costs have soared. that helped wall street cap the week in the red. the dow fell 137 points, the nasdaq lost 44 and the s&p 500 was off 23. we have two reports tonight on the shape of the world's two biggest economies, starting with number two: china. its economy expanded at a rate of just over 8% in the first quarter. here's the worry: that's significantly down from the nine percent growth at the end of last year. and what's critical here is that china has been the engine of global growth. darren gersh begins our reporting b

j.p. morgan chase have released their results and they are on i decline so. over in europe this is also coupled with worries about of course domestic problems solver in debts increasing costs and therefore the end of the actually closed friday session on a very very pessimistic note so with the dax neckline in two and a half percent on banks basically in russia it's all looking a bit different for out there's all week and the final picture for friday's session is a mixed one with my sakes even posting some gains which is a rare sight on this friday at least on the my sex we are seeing that financial stocks like burbank and d.t.b. are declining whereas gazprom at the same time is up one point three percent that's on the back of recent initiatives proposed by the government to sweeten arctic exploration and they are easing the tax burden so this will hopefully bring in five hundred billion dollars according to. but might see much call from u.b.s. says although this is a generous offer it's still not good enough. listen think of these huge dearest but if you thi

j.p. morgan chase and wells fargo both down on the back of their financial results over in europe this is all coupled with the worries of course about the growing costs of borrowing and growing yields and therefore we are also seeing a massive drop notably in frankfurt of more than two percent was driven down by banks in russia the session and the week and the mix too would be our two years down hard percent in my six just point one percent cyclical was moving the my sex was stronger than the r.t.s. because of the weaker ruble now among the stocks notably financials were falding gazprom was on the other hand so one of the strongest gainers although in the end and lost a lot of it's the one point three percent at the close that's as incentives have been introduced by the government to stimulate companies to develop the arctic shelf knoxy much more from u.b.s. says all those the although these initiatives are attractive they're not good enough. this and think this is huge here if you think it's worth. about. zero. but it's not enough. certainly. there were any clear. legal framework because

j.p. morgan chase and wells fargo also down after reporting financial results for the first quarter we're in the middle of the earnings report season of course over in europe are those fears about china's economy are also coupled with with their own worries. stic worries about borrowing costs and sovereign debts and therefore the footsies down more than one percent the dax even worse than that two and a half percent almost with commerce playing leading the losses over here in russia the week has been well pretty weird i have to say because the correlation was not really direct between russian markets and the other markets so what we're seeing is a mixed picture with a nice. look at what was moving the my six while financial stocks were a drag gazprom was a strong gain up one point three percent but that's on the back of a recent initiatives proposed by the government to ease the tax burden for companies working in the arctic shelf now actually much more from u.b.s. says although these initiatives look at tractor if they're not good at. this and think yes that is huge here it's pretty good

j.p. morgan chase over in europe this session on friday also ended on a very pessimistic notice specially in frankfurt which was down more than two percent led by banks and this is of course coupled with worries about the state of the economy about sovereign debt about foreign costs notably in spain and in its in the. in russia pretty different story pretty much all week long the nice legs out of correlation with the global markets up by a notch this is take a look at what was moving really nice now well financial stocks were depressed as everywheres burbank for example was down no more than one percent let's take a look at those figures. he was down a notch but gas prom was up one point three percent at the close of the session that's on the back of fresh initiatives from the government to stimulates production in the arctic shelf and notably to provide an ease in terms of the tax burden now maksim must go from u.b.s. says that although these initiatives look generous they will not be in a. listen think he has to leave huge dearest but you can still you can see this. production tax and z

j.p. morgan chase and wells fargo in the middle of the earnings season after their reports they are down. in europe these concerns are coupled with the worries about the debt situation obviously and therefore we are seeing for the underdogs down the dax almost two percent lower dragged by commas bank which is very hard as a lot of in russia it's looking more positive for russia has been though somewhat of an odd fellow this this week actually not very much in correlation with the other markets with the nice legs but just a bit now it's a driven forward by energy shares while financials are a drag really gazprom is the central stock today it's on the spot lives up one point six percent. initiatives from the government to support companies working on the arctic shelf the government wants to ease the tax burden but not see much call from u.b.s. . says these initiatives are attractive but not good at. this and thinking here is that these huge heroes are utility future and say what's this. production cracks and there is little property. we really didn't think it but it's still not enough if yo