j.p. morgan chase is here we've done hundreds of millions of with them and rb c, cc r.c.reciate their financial commitments and hud, congresswoman pelosi and thank you hud has made a thirty point plus million dollars to this development and have a long history and partnerships are them this is the fifth choices neighborhood in the country. >> thank you lamar i know that lamar has a representative here maybe this is a larger development and will be intrigued it will not be straight up by into the neighboring community and not isolated lastly i want to a big shout out to our staff letdz by i can't freeman this is the first project in the history of hud where choices neighborhood and rad are in the same development now to the layperson out there what's he talking about i know? that's an incredible feat that brought in all kinds of unusual financing to get down and it takes a village to build a village with all those folks we've created some very interesting principles about which we operate that will be embedded into the development going forward i want to giving them to you

j.p. morgan chase to help to finance this welcome mr. co-author new. >> good morning on behalf of chase i want to congratulate the residents of alice griffith on the combrougz here today developing affordable housing is also challenging but the scope and scale of the alice griffith development deserves special recognize this is an important project that will be a major contributor to they visitation of bayview hunters point i'd like to congratulate the residents the projects scombin with the residents brown they devote their 7, 8, 9 and energy and wounded be a success without their effort second i'd like to acknowledge the time and effort of the staff in project like this can take a a long time and the staff in san francisco have dedicated themselves to making this in a time of distinguishing resources for affordable housing and they've been innovative in pioneering the new programs it is not easy to be a pioneer with new federal or public sources and they've been admirable in their pursuant i'd like to recognize the participation of the

j.p. morgan chase says profit rose 12%. in revenue from trading stocks and bonds increased for the first time since 2010. wells fargo said low interest rates pushed margins below 3% for the first time since at least 1994. unsuccessful lending for spacex.

j.p. morgan chase and bank of america. on tuesday retail sales for march are due. always important because the consumer makes up 70% of the u.s. economy. wednesday marks two years since the boston marathon bombing. wednesday is also the deadline for taxpayers to submit their returns. we'll talk about that in a moment. thursday, we'll get new home construction figures for march. and friday, we'll see about inflation when the consumer price index is released. speaking of the irs, they have processed about 100 million returns so far this year but that's about two-thirds of the total tax returns the agency expects to receive. if you're one of the millions of americans not part of that group, you'll get to file, fear not, we have tips for you. joining us now is sharon epperson to talk about your money, your future and your tax return. have you filed yet? >> no, i have not yet filed but i will by april 15th. >> what are mistakes you want to avoid for those last minute filers. >> the mistake you you make waiting until the last hour, common mistakes the way you enter the i

j.p. morgan chase says profit rose 12%. first-quarter revenue increased since 2010.go said low interest rates pushed margins below 3% for the first time since at least 1994. another successful launch and unsuccessful landing for sp

j.p. morgan chase, the next state department hack. we need to ensure that there will be no more attacks. if you weeks ago, the house intelligence committee held a hearing on the cyber threat to america's private sector. we heard from witnesses that businesses were cyber attacked millions of times per day. not thousands not millions, but billions. the threat to our economy our jobs, and our privacy from not acting is massive, and it is certain. we see it happening all around us. we must act now. that is why i am proud to some art this bill, the protecting cyber networks act provides for voluntary information sharing of cyber threats between and among private and public sectors. it does what no executive order can do. it incentivizes cyber threat information sharing by providing limited liability protection. now companies can pool their resources and say to one another, i found this malicious code or this virus in my system. you need to protect yourself against it as well. the government can better warn and now companies of an , impending cyberattack just as it can for an approaching hurri

j.p. morgan chase, wells far goe, bank of america and goldman sachs report their numbers. the biggest drag on corporate earnings growth is expected to come from the energy sector. perhaps no surprise given the sharp drop in oil prices we've seen over the course of the last year. the question for many investors is whether or not large companies like exxonmobil chevron, conoco phillips and others are worth looking at given their recent stock slide. some experts though are looking beyond the energy stocks for the best opportunities. >> the place that you focus is where we're getting the best relative performance in the stock market and interestingly, the place we're getting the best relative performance are also the sectors of the market which are likely to post solid positive earnings. consumer discretionary. that's certainly at the top of the list. health care information technology. i not only think you're going to have pretty good earnings in those three sectors for the first quarter, but i think for all of 2015 and for that matter 2016. >> reporter: the stock market hasn

j.p. morgan chase, and anthem health. but criminals have also turned their attention to much smaller targets, even individual computer users. they're now using software to seize valuable personal data and hold it "hostage" until a ransom is paid. as the newshour's william brangham reports, tens of thousands of americans have fallen prey to these ransomware attacks. >> reporter: inna simone is retired a mother and grandmother from russia who now lives outside of boston. last november, her home computer started acting strangely. >> my computer was working terribly. it was not working, i mean, it was so slow. >> reporter: a few days later while searching through her computer files, inna saw dozens of these messages, they were all the same. they read: "your files are encrypted. to get the key to decrypt them, you have to pay $500." her exact deadline - december her exact deadline - december 2 at 12:48 p.m., was just a few days away. all her files were locked, tax returns, financial papers, letters, even the precious photos of

j.p. morgan chase ceo jamie dimon said last october possible till it he was an event that was not supposedo happen. fluctuation of treasury yields and almost .4% was unprecedented. bill ackman's maleate pharmaceuticals have agreed to and their long-standing legal battle -- [indiscernible] over insider trading. just after an unsuccessful bill last year. they have since been purchased by activists. sir richard branson, one of the wealthiest entrepreneurs in the world is also a high school dropout. like mark zuckerberg, bill gates, steve jobs, they'll quit college before graduating. i talked to branson last night. we had a long talk. it comes with the challenges of educating entrepreneurs as well as the future of virgin galactic. >> it is possible that school is not necessary. i left school at 15. i learned the art of entrepreneurs himism by getting out there and doing it. i educated myself in the real world. and i have seen my life as one long education that i never had. that is for entrepreneurs. other professions, schooling can be quite useful and universities can be quite useful. but for

j.p. morgan chase. two years ago she was the low vote getter. tossed off the board, in part because investors thought she was not qualified. stephanie: what is her background? bill: she was a lawyer. she now runs the museum of natural history in new york. the youngest college president in history. she is been on the j.p. morgan board for close to 20 years. she was on the new york fed board. investors decided she and david conte were no longer qualified for the board of j.p. morgan chase. explain that to me. bruce: i think there is a different issue. the other thing investors are looking for is a refreshment of board skills and experience. what you find overtime after a certain amount of time -- bill: they never "refresh" old white men. stephanie: the importance of diversity. we want a more diverse board but why is it not actually happening? i go to conferences about it, i moderate panels about it by do not see the numbers. bruce: when you take a look at some of the activist campaigns tartan -- star board is a perfect example. bill: only 9% of th

j.p. morgan chase posted first-quarter results that to beat analysts' estimates.ing revenue from fixed income trading, net income rose to $1.45. analysts were looking for $1.41. senator marco rubio says it is time for his generation to lead his country. during a rally in miami, the florida republican announced he is in fact running for president. he is the son of cuban immigrants. hillary clinton is in iowa this morning and will be making her first official campaigns. also crossing the bloomberg terminal this hour four security guards facing long prison terms wants new trials. they were since it's in the fatal shootings of 14 unarmed iraqis years ago. one guard was given a life sentence, the rest four-year terms. and amazon and harpercollins are turning the page. the company's struck a multiyear deal covering print and e-books. amazon angered some publishers and authors by insisting on discounts. and what is the big risk in the credit market? according to activist investor bill ackman, it is student loans. there is $1 trillion of student loan debt outstanding and

j.p. morgan chase ceo jamie dimon says last october's volatility of the u.s.reasury market was not supposed to happen except for every 3 billion years. he says the fluctuation of treasury yields by almost .4% was unprecedented and would've had serious consequences in a stressed environment. bill ackman's pershing square allegan, and valiant pharmaceuticals have agreed to end their long-standing battle over a failed agreement. valiant accused allergan of making false statements. allergan has since been purchased by activists. sir richard branson, one of the wealthiest entrepreneurs in the world, also a high school dropout. he is not alone. other successful entrepreneurs include larry ellison, bill gates, steve jobs. i caught up with branson last night in arizona. we had a long talk and talked about the challenges of educating entrepreneurs as well as the future of virgin galactic. richard: it is possible school is not necessary. i left school at 15 and i learned the art of entrepreneurialism by getting out there and doing it. i also educated myself in the real

j.p. morgan chase reports a 12% increase in first-quarter profit, beating estimates.ng revenue rose in the first quarter for the first time in five years. here is jamie dimon on the current environment of banking. jamie dimon: banking system is much stronger to start with. were just trying to think through the effects of some of these things. we're looking at it as a warning shot across the bow. what happens in a stress environment? people pay attention to what is going on in the markets. there might be some changes down the road. emily: he says the bank's valuation is hurt by uncertainty about future legal talks. $.10 lost $11 billion in market value after the chairman cut his stake. it left him with a 9.5 percent stake. shares surged, boosted by the rally in chinese stocks. tencent operates a number of platforms across china. a software startup is the latest ember of the one billion dollars valuation club, doubling its valuation from just a few weeks ago. the company raise $95 million led by venture partners along with new investors like goldman sachs. dr. is a plat

j.p. morgan chase reports a 12% increase in first-quarter profits, beating estimates.ding revenue rose in the first quarter for the first time in five years. he is jamie dimon. jamie dimon: the making system is much stronger to start with. every bank is much stronger. we look at it -- what i worry about more is what happens in a stress environment. people pay attention to what's going on in the markets. there has to be changes down the road. emily: in his annual letter, he says the bank valuation is hurt by uncertainty about future legal costs. tencent's ma sold his shares. shares of surged 62% over the last year, boosted by the rally in chinese stocks. they operate a number of internet platforms in china, including the we chat messaging service. dr. is the latest member of the $1 billion valuation club doc ker raised $95 million in a round led by insight venture partners. it's a platform for building, shipping and running apps. the notebook -- alan turing has just sold for over $1 million. he wrote from 1942-1944 while leading the team that cracked the nazi's enigma c

j.p. morgan chase and other banks have come to talk to us recently in the last few months asking a series of questions that in my mind boiled down to one question. at one point do they take their investors dollars and put it into batteries? as a side note, it is fascinating they are asking scientists that question. it is the same reason steve is bringing up here. they do not know who to trust. when it is companies that have vested interest and the success -- in the success of the company, there is a conflict as to how that question should be answered. it is already here. is it coming? yes. in the last eight years, the market has gone from a billion dollars total available market to a $15 billion total available market. i would love to show you a graph the codes we put a graph together. i personally was shocked when we ask ourselves why our -- why aren't plug-in vehicles being adopted? when we looked at the data, the question was wrong. if you plot the amount of previous is the -- of pr iuses in, electric versus hybrids, from 2010 to 2015, there was twice the adoption rate of the prius and

j.p. morgan chase, and the next state department hack and actually pass a bill that will help ensure that there will be no next cyberattack. a few weeks back the house intelligence committee held an open hearing on the cyberthreat to america's private sector. we heard from witnesses that their businesses were cyberattacked billions of times a day. not thousands, not millions, but billions. the threat to our economy, our jobs, and our privacy from not acting is massive and it is certain. we see it happening all around us. so we must act now. that's why i'm proud to support this bill the protecting cybernetworks act provides for voluntary information sharing of cyberthreats between and among private and public sectors. it does what no executive order can do. it incentivizes cyberthreat information sharing by providing limited liability protection. now companies can pool their resources and say to one another, i found this malicious code or this virus in my system. you need to protect yourself against it as well. and now the government can better warn companies of an impending cyberattack ju

j.p. morgan chase said that the next financial crisis could be exacerbated by the shortage of the security. south korea central bank held its key interest rate at an all-time low of 1.75%. they are likely to cut rates three times as information rose -- as inflation rose. you can find more on that story at bloomberg.com. caroline: you can join in the conversation with us on twitter. let us know -- do you like avocados? mark: coming up, yesterday's fed minutes showed officials divided union over a rate hike, but there was a debate about -- we will take a close look at the timeline for a rate rise, right after the break. ♪ mark: welcome back. that minutes show division in the ranks over a rate rise. let's break it down. there is a count that wants to go in june and another that wants to go later. there is a third that wants to go in 2016. which camp willare u.n. and which will prevail? -- are you in and which will prevail? >> let's look at what is going on -- we have a very strong labor market up until the last payroll report. we had a pretty weak growth picture and we got very low inflation.

j.p. morgan chase said the fluctuations in yields on october 15 last year was an event that is supposed ton only once every 3 billion years or so. he added that the next financial crisis could be exacerbated by a shortage of securities. in the united states, a jury has convicted dzhokhar tsarnaev for his role in carrying out the 2013 boston marathon bombing. three people were killed and 260 wounded in the attack. the penalty phase of the trial when jurors decide whether to sentence him to death or life in prison, could begin next week. world bank president jin young kim is battling comments that china's launch of a new development bank is the end of u.s. global dominance. he told bloomberg there is a need for the aiib. >> if china wants to embrace multilateralism, there are 50 countries part of this new bank. that is a good thing for the world. there is no question that the need for infrastructure financing in asia, the needs are huge. there's no way that the world bank, the asian development bank, or any of the other institutions, could meet that need now. anna: it is a deal that would sh

j.p. morgan chase head jamie dimon cautioning shareholders about u.s. treasury's.est years volatility was a warning shot to investors and the next on angel crisis could be made worse by a shortage of securities. pointing to a look big gyration -- struggling mobile games maker zynga turning to its founder, resuming the role of ceo. zynga once led the market for games played on social media. samsung is putting its hopes in a pair of galaxy s six smart phones. they will debut tomorrow at . analysts say shipments could reach 55 million this year. in south carolina, the white police opposite cards with murder in the shooting of an unarmed black man has been fired. the video shows michael's leg or firing eight shots at walter scott. he is being held without bond and the mayor of north charleston is ordering all the city's police officers to wear body cameras. coming up roger crandall on how the insurer is dealing with people leaving longer -- the $1 million car trend. why automakers are producing these super high-end vehicles. thank goodness they are. cadillac relying on

j.p. morgan chase is losing a manager -- he was a credit trader at hedge fund citadel.ng to popularize on trading over computers. espn is suing verizon in new york. verizon fires's custom tv excludes espn which is typically part of the service. it has triggered a dispute between verizon and sports providers over how much they have to repackage pay-tv networks. the company did not say how much they invested. focusing back on the markets, apple is expected to report earnings momentarily. shares up 20% year to date. joining me is the ceo and founder of estimate -- estimize. guest: the delta here which is comprised of hedge fund analyst and independent analysts and regular investors is much higher than the wall street consensus. the expectations here have been going up a lot throughout the quarter. alix: also joining us is someone who covers apple. beneath the numbers, what is the meet you want to get at from apple today? guest: the three things people will focus on -- the iphone numbers will be the biggest starting point for everyone. a second would be gross margins and ho

j.p. morgan chase and black rocks they part of the problem.g about derivatives, what almost helped to bring down the entire financial system. carol: weapons of mass destruction. bob: financial weapons of mass destruction, what warren buffett called them. they'll most crash the system in 2008. after 2008 creditors wanted to put them on a clearing house, so they would be more transparent. you knew who was buying selling, having collateral. now the banks say no. they think they're in houses have more systemic risk in the actual transactions do. you guys are looking at me like you wanted to lodge a complaint. olivia: that is a difference -- right, after the crisis, it moves to clearinghouses. now you worry about is there too much on their balance sheets and do they have to up their reserves. bob: yes, maybe the clearing houses to put money aside. olivia: jpmorgan thinks so. bob: jpmorgan think so, the banks excel. in my mind, we almost always want more transparency. i am getting the double bell. olivia: it is an important story. bob: if we crash t

j.p. morgan chase and wells fargo.ike broadly in america. bank of america on wednesday and then some of the other ones on thursday. it's going to be earnings and the data, retail sales out tomorrow as well. back to you guys. >> sara eisen, thank you very much. >> so there's a commercial that shows -- talks about retirement accounts and people are walking around, they all have the numbers over their head. how would your career have been different if when you walked to your first job in a newsroom or somewhere else you could see the numbers over their said? oh they're paying them this amount. what a huge difference that would make. >> i think it would level the playing field right away. and i think there's problems with transparency as well just as there are problems with lawsuits. it's not all cut and dry but we have to get to a point where we don't a pay disparity between men and women. >> it as a great start. >> it's a good start. thank you so much senator fisher, thank you, rebecca traister. >> rebecca, nothing inevi

j.p. morgan chase paid in a public settlement with hf -- fhfa in very similar ways.in what ways did the actions of wells fargo differ from j.p. morgan. we'll never know because while the j.p. morgan settlement is public the much smaller wells fargo settlement is held confidential. the american people deserve better. these enforcement agencies don't work for the companies they investigate. they work for us. agencies should not be able to cut bad deals and then hide the embarrassing details. the public deserves transparency the truth in settlements act requires that transparency. it requires agencies making public statements about their settlements to include explanations of how those settlements are categorized for tax purposes and what specific conduct will generate that apply toward the sticker price. the bill also requires agencies to post text and basic information about their settlements on-line. and while the legislation does not prohibit agencies from deeming settlements confidential it requires agency to disclose additional information about how frequently the