he's coming down next with the details on jamie dimon.a full-on cyber war with china look and feel like? totally different from a real war, right? well, the united states files criminal charges against alleged hackers working for the chinese government. we have the ceo who caught some chinese hackers red handed. he's next. ♪ ♪ when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva

jamie dimon talking friday about profits on ao jpmorgan bond desk. what is the why?hy is it so quiet? >> we put out a note last night. regulation, lot of desks have to get smaller. people have the same opinion about where bond yields are going to go. they wait until that occurs. >> en colette had a great shirt out about banking employment in new york city. >> this is what robert kaplan was talking about yesterday. the liquidity crisis that may come about. >> what happens is we wind up everyonento ranges and leans one way, dealers cannot take down the product because they cannot expand the amount of bonds they own. you get these selloffs. it is similar to what you have the last may and june, when corporate bonds and treasury bonds, no one could buy them. you had forced sellers. people pull their money out of mutual funds and no one can buy the bonds. this shows the new wall street out there. it goes to the idea of everybody adapting seven years out of the financial crisis. >> we are still adapting and trying to figure it out. there are still these little moves, like t

jamie dimon is right when he says it's difficult to service a defaulted mortgage. it's easy to service a current mortgage because all that is is collecting and remitting, but when somebody defaults, it gets to be a lot more complicated and there is a growing industry that isn't built up around him that some of have more expertise in this area than the lenders themselves who tend to focus more on the lending side than on the servicing side. and basel iii has taken a lot of the capital requirements that may be led to some of the lenders actually wanting to get out of this space. so servicers are not regulated by fhfa. they are regulated by cfpb, but not on a capital basis. so there's a shortcoming there. we can control their relationships with fannie and freddie, right? that's the space in which we operate. and we have looked very carefully, in some cases much, much longer and more carefully than a lot of people would like for us to look, at evaluating when these requests for transfers are made to see, are these people responsible to whom, are the companies responsib

jamie dimon, cooperman, and we will talk about the aspects of the market and gottlieb and kuhn.ncome, stocks, all the questions on where you money will work best. we will try to give you the answers in vegas. >>> coming up, he was one of the few to download twitter when it was hitting its peek and now he says you should buy it again. next. sfx: sounds of marching band and crowd cheering sfx: sounds of marching band and crowd cheering so, i'm walking down the street, sfx: sounds of marching band and crowd cheering just you know walking, sfx: sounds of marching band and crowd cheering and i found myself in the middle of this parade honoring america's troops. which is actually quite fitting because geico has been serving the military for over 75 years. aawh no, look, i know this is about the troops and not about me. right, but i don't look like that. who can i write a letter to about this? geico. fifteen minutes could save you fifteen percent or more on car insurance. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years t

jamie diamond says he wa-- jami dimon says he wants to stay five more years. >>> and go pro, they'reith extreme athletes. josh lipton filed this report. >> it's one of the most anticipated tech ipos this year. go pro finally filing its s-1 and giving investors their first look into the financials of this company. in terms of revenue, looking through the filing, in 2011, revenue of 234 million in 2012, revenue jumped to 526 million. in 2013, nearly doubling to $985 million. founder nick woodman who "forbes" lists as a billionaire, says revenue doubled every year since the camera's debut in 2004. go pro is the action camera market. it dominates about 54% of global market share, according to idc. that's a market that's growing by leaps and bounds. it jumped 70% last year. but woodman wants to take this company in a new direction. he doesn't just want to be a cameramaker. he believes go pro can be a media company, leveraging short-term content and use it as a media brand. go pro has deals with microsoft, for example, there's a go pro channel on the xbox 360. there's another one coming to

it was all sort of massive, we now see jamie dimon in certain publications.there's a legacy there. >> why don't we -- >> i will wrap up. [laughter] anyway, the point is these things have a long tail, and there's a lot of blood and connections and protege mentorship relationships and everything else that manifest in policies that come not from wall street to washington, not from washington to wall street, but that are together. it's one box. it isn't a revolving door or two doors. it is one box of power which is shared by different groups of people that have incredible philosophical, political and financial ties. >> okay. anat, why don't you take it from there. [applause] >> i come at it as an academic. i teach finance at stanford business school, and i awoke, like everybody else, in fall 2008 and actually before that wondering what's going on and why is it that this industry managed to harm so much. and the more i look, the more of a falling in the rabbit hole experience it was. so two great pieces of literature are alice in wonderland and the emperor's new c

including jamie dimon who says he is staying put for the next 5 years at chase. the banks legal fines top $20 billion. medtronic's earnings are taking a hit due to a long running patent fight. shares tripped 2% yesterday. the medical device maker said it will pay a one time $750 million settlement to edward lifesciences, followed by annual royalty payments of 40 to 60 million dollars through 2022. the two companies which have been engaged in a nearly 6 year long dispute over a heart valve patent. president obama is striking up conversations with corporations about investing in america. tuesday, 11 executives from companies that have opened new plants and are creating jobs in the u.s. met with the president at the white house. we want to make sure we are doing everything we can to be responsive to that process and we are doing a better job coordinating both between agencies and also between the various levels of government. the next select usa conference happens march 2015. china strikes back a day after the u.s. department of justice levelled criminal charges aga

jamie dimon says there is no way google wants to be a regulated bank like mine.gle already has laws while facebook is seeking regular all --l by let's use users store and exchange money on its site. according to eric holder, there is no such thing as too big to jail. in a videonts came yesterday pushing back against the theory that certain financial institutions, even if conduct,ge in criminal are immune from prosecution given their size and influence on the economy. banks have been able to avoid prosecution by paying large fines. that approach seems likely to change with the comments. sam has more. years sinceen six the financial crisis and a lot of people wonder why no bank has been brought up on any criminal charges. this is a tricky thing. if the government were to label --ajor financials to soon financial institution as a criminal enterprise, it would hurt the economy. what is a federal prosecutor to do? so far, this doomsday scenario avoided avoid -- through agreements. the u.s. department of justice accused the bank hsbc of spending failures related to mon

steinhafel lose his job as a victim of potentially largely of a cyber crime and jamie dimon get to keep his when that company has paid billions, tens of billions in settlements, fines and other judgments? >> you know, tyler. so i don't work with either of these two firm, but i can tell you that it must have to do with the internal equity that they both have built up and in the internal ways that they have dealt with this, not only the the external ways they've dealt with it, but i will say that i think dimon actually fessed up, came forward, started some solutions with far more e lack riddy than steinhafel did and that's the real issue is how quickly in this transparent age can you step up to it? >> right. so, david, where do ceos get training for this? who is a role model ceo who has done it right? >> there aren't that many people that have done it completely right, susie, because the situation is changing even as we're sitting here. news moves at the speed of an electron, as you guys know and it takes on more and more power as it goes over social media, so i think everybody is wanting

blankfein is lloyd still around and jamie dimon is still around. >> ron johnson disappeared. -- you looks and deal with investors in retail, and there has been a change at the top of the retail industry. >> there is no doubt about that. the consumer industry itself is rapidly changing, not only with the online world but new retailers arrive every day to take market share. that is one of the recent trends that a lot of people have talked about, conserving the millenial customer. when all that changes, if the ceo is not on top of his game he is expendable and they have been after a lot of consumer businesses. -- isigners and ceos ceo?el cohen a >> a lot of designers have become ceos, merchant princes is one of the words that was used, historically. the creative aspect is very important for these businesses. that needs to be the top job. you are the expert, and not me, but ralph lauren and tommy hilfiger, there have an great designers who have also been great businessmen. hadrally -- they have strong business partners. in the case of ralph lauren. the yen and the yang between the chief merc

i don't think jamie dimon has a clue what the risk is playing with right now. >> i agree and i had a conversation almost two years ago with him. it was about the trading snafu and some people would say a scandal. and he didn't have any idea just how bad it was. and the that we screwed up here. but it's not illegal. i don't think that we did anything illegal. ambassador problem is that you're running a bank. you, being the best i can manage it. and so we had to do this statement. so here is the downside of these things. we face more capital requirements. and i think that is having a drag on the economy. >> i would like to get laurie in here. she's too young to remember. but there was a general malaise in this country at the end of the carter administration. people just didn't see any chance for real growth. >> we have had the sluggish economy and this includes the lack level crisis job situation. and so i think we are over using that. >> there are protests in all of these cities. i don't want these occupy wall street said, they are out of work. they have nothing to do. >> they're bein

jamie dimon is right when he says it is difficult to service a defaulted mortgage. to -- all it is is collecting and remitting. when somebody defaults a gets to be a lot more complicated and there is a growing industry that some of whomround have more expertise in this area than the lenders themselves who tend to focus more on the lending side than on the servicing side. and basel three has taken a lot of the capital requirements that may be led to some of the lenders wanting to get out of this space. servicers are not regulated by fhfa. fpby are regulated by c but not on the capital basis so there is a shortcoming there. we can control their relationships with fannie and freddie, right? that is the space in which we operate. we have looked very carefully, in some cases much longer and more carefully than a lot of people would like for us to look at evaluating when these are madefor transfers to see if -- are these people responsible, to whom are the companies responsible, to whom the transferring servicing rights are being transferred. what is their expertise, what

melissa: speaking of high incomes jpmorgan ceo jamie dimon is getting a raise? i don't know what happened to the prompter there. but shareholders were -- >> okay. melissa: more hesitant last year about giving him the $20 million pay package. basically what we were trying to say there is that they have their vote every year of shareholders how much they endorse the pay package. this year he received 77% approval, down from 92% last year. >> their annual masturbation session. melissa: yikes. yikes!. >> that is what it is. melissa: yikes! charlie. >> you should call it -- >> is that airbnb segment? >> nothing. these guys get up there. jamie is not worth it. a few activists like new york city pension fund raise as little bit of a stink and they approve it. >> nobody is backing up the truck and asking him to jump in and haul him off and fire him. this is not even close. >> no major shareholder will do that. >> no. melissa: is there any sort of a loss of confidence? >> in him? melissa: yeah? >> i think in business press, we, you and i see, i like jamie personally a lo

we go back to behavioral finance thing after having dinner with jamie dimon i'm all about.i'm my own worst enemy. natural inclination, you get the lift, you say, okay, sold, get out. i'm ignoring it and trying to understand at the end of the year they will come forth with a new iphone 6, supposedly a product that will show the innovation. >> they have the worldwide developers conference coming up. the iphone 6 maybe coming out a little earlier than people thought. a couple good catalysts. >> i think the catalyst is for them to be included in the dow jones industrial average. i don't think that's priced in. >> you're paying a below market multiple for an above market quality company. at the end of the day, we can't place bets on what innovation will do two, three, four years down the road. the perception is what the stock will trade on. if they have new products ahead of them and ready to be in a total returnesque situation which is what i think apple is with the buy basidax. >> do they have what it takes for financial engineering, the buyback and -- >> i was going to say, i

what is his name, mike cavanagh, former cfo, allegedly heir apparent to jamie dimon went to the carlyle group. why did he go to the carlyle group? talk to anybody. he didn't have to put up with the nonsense of bank regulation. melissa: that is fabulous landing. incredible wealth and probably much less work. >> he is a good guy. melissa: that's great. >> a lot of these guys want to go to the tech side, want to go to silicon valley because that's where the real lonnie is. melissa: righ >> if you're a business school grad right out of school this is where the opportunity is at. melissa: why isn't jpmorgan stealing them back? will they open a wallet of their own? what do you think? >> if you do banking on your phone and mobile is the future. and in addition to that, banks always want to cross sale. they are getting people to go in and data mine who the customers are. >> i don't think it's a trend. melissa: no, i don't think it's a trend. it reveals something that jpmorgan is planning. are they looking at getting into a google wallet type thing? are they getting ready to launch a different p

saidbruary jamie dimon they haven't been able to lend as much because of the capital they have at the fed. many would argue they shouldn't have been making money off loans before the crisis, so maybe that is normalizing, but what can you do in washington to spur that activity and get the economy growing again without endangering the system? >> the first thing you have to do is get people confident, dead management and the people confident you do have a system that is well-capitalized. they realize these institutions are extremely large, that there are issues about how strong they actually are, how much capital they actually have. they see what's going on in so they are more cautious. the management is more cautious as well because they have this book they have to work through. they have to get through the crisis they were part of, and once they get through money will come back. if they have good, strong capital, they can make money. you compete best from a position of strength strength. the regional banks have twice as much capital. they are in a stronger position. they are making loa

jamie dimon recently said that the losses he was seeing were cyclical but some speculate that the lossesing in bond overall that may be permanent. jpmorgan overall talked about client activity being slower, challenging environment. and don't forget, what the banks also face in addition to global news such as china manufacturing falling off a bit and ukraine crisis and department of justice and eric holder talking about fact they're looking closer at those banks. no company is to big to jail, right? that was another way on the -- weigh on the group over all. while jpmorgan came off the low of the day it was still down about 2 1/2%. cheryl: charlie gasparino in the last hour saying citigroup needs to watch out. that is the name he threw out there. nicole, thank you very much. david: thank you very much. we're about 20 seconds away from the s&p futures closing. let's go back to brian battle in the pits of the cme a lot of action. any way to tell what will happen tomorrow, brian? >> feels like continue ages of the trend last week. we had spike with the momentum and we're up a couple here tod

jamie dimon did a great job of that yesterday.ay for me is what is going on right now in the market with the 10 year is about behavioral finance. not about the economy inflation deflation, about money managers expecting it to go one way and it did not. right now, in terms of weightings and allocations we are positioned the wrong way. it's a behavioral move and won't rectify itself any time quickly. >> give me a trade quickly. >> long apple. >> i like the preferreds. e etf, preferred to own all of them. >> we'll let you know we'll be back at the new york stock exchange tomorrow and lasl laslo berini will be on the show. perfect timing to hear from that gentleman one of the best traders around. that does it for us. >> "power lunch" and the second half of the trading day starts right now. >> great stuff from out at salt from rubinfuli to birinyi. >> don't go short but don't go too frickin long either. i said it, frickin. so says the hedge fund manager his comments fueling the sell-off y,

applied more broadly across the system and we have much better tools to manage messy failures, to -- jamie dimon called it bankruptcy for large sum banks. you want to design the system not so there's no failure, you want the system to withstand the consequences of failure and we're closer to that than in a long time as a country. now, we have a lot of things to worry about in the united states, but i wouldn't put the stability of the financial system very high on the list of concerns. >> charlie: are you reasonably confident that what happened will or will not happen again? >> at some point in the future, hopefully the distant future, we are absolutely vulnerable, if not in this country, other countries to the risk of major panic again. it's inherent in the financial system. you can't eliminate it. you can't ban it or prevent it. it's, like, you can do a lot of things to reduce your vulnerability to it, and there are reforms we put in place in dodd-frank, however messy and perfect, they are a powerful set of reforms against the basic risk. but problems we have in the financial system not capture

few weeks ago from glass lewis urging shareholders to oppose a $20 million pay package for ceo jamie dimon last year, they said because of the huge settlement the bank inked and some other shortsights on the risk management side they did not believe that such a 74% pay raise was actually justified. but shareholders voted today, this morning, 78% approving that pay package, and while that isn't as much as they approved the directors by, it's a vote of confidence that dimon does urn what he did get for 2013. the board at this point will not have to go back and decide whether they should recalibrate that pay package for last year. some interesting comments from the lead outside director, lee raymond. he said that he believed that mega $13 billion settlement was necessary for all stakeholders in jpmorgan, employees and investors, to put some of the issues behind them in one fellswoop. dimon interestingly saying the same thing. and one interesting note from dimon, when he was talking about the growth prospect, especially for the investment bank and the bank overall, he talked specifically about

jamie dimon is betting big. we will have an exclusive interview with him. >>> the talented neil patrick harris joins us. >> with the mustache? >> he can pull it off. >>> let's start with the developments in the search for malaysia air flight 370. all of the data logs are expected to be released soon, but in the absence of answers and two months after the plane disappeared, theories are coming out again. here is kerry sanders. >> reporter: 74 days since malaysia air flight 370 disappeared and not a single piece of debris found. a scenario tailor-made for speculation and conspiracy theories. the latest, a blog post by a former malaysian prime minister claiming government agencies like the cia could have taken over the plane remotely by radio or satellite links. there's already a movie suggesting a romantic affair between two members of the cabin crew may be responsible for the plane's disappearance. and books suggesting practically everything else. >> there were numerous theories from it's been shot down by an ame

jamie dimon has to spend so much money on lawyers.anagh -- >> left for carlyle. >> that company just made $1 billion on its apple trade. so, he's going to a place where it is really profitable. >> i saw david rubenstein in central park this weekend. >> with the headphones on? a lot of bankers are ditching their 90 hour work weeks to go to startups in silicon valley. >> and have fun. >> yeah. we have a lot more coming up. in the next segment, eastern ukraine separatists are seeking referendum. how kiev and moscow are responding. richard falkenrath ways in. ♪ >> this is "bloomberg surveillance." adam johnson is off today. let's get some company news. a setback for snapchat. they have settled ftc claims that they deceived users. now, they have agreed to add more privacy features. big payday for qualcomm chairman. him $45 million worth of restricted stock. last december, he said he would step aside as ceo. and hacking attacks are boosting sales at symantec. they issued a revenue forecast that thbeat estimates. %.uipment or will rise -- 10

. >> someone gave it been that order, between jamie dimon -- >> it could be laziness. they could have been instructed to actually do that but decided they would rather go to mcdonald's that day for lunch. .> i have to -- red flag you can do 8 to 10 of these a day. cie indicia ofa actual fraud. >> that is a business practice. >> that is a felony perjury. you cannot do that, and there should have been hundreds of people, they should've rolled them over like low-level drug deals to find out who is the senior person he said don't worry about centers of property law, just process this like it is a factory, just crank it out. theyey have had 5 years thought they could get to a senior executive, believe me, they would be doing the rolling. they have been trying for five years and they haven't done it because i believe the criminal conduct just wasn't there at the high-level. dougan at credit suisse lose his job? >> if he doesn't, who is going to take his place? what do we know about credit suisse -- who is next in line to o this? second, some of the criticism is coming from t

jamie dimon can afford to hire 500 new compliance people. first chicago cannot.subject to the same regulations. >> that is true. all the regulation that was meant for the larger banks has a more harmful effect to the smaller banks. >> then these guys at big banks who love to say how hard it is and they cannot make any money, are they saying, don't cry for me, argentina? >> it has always been a great time to be in this industry. from when i got out of school in 1978 until now, it has been good. do i think it is less fun? absolutely. >> we will go to d.c. the wait times generally, indicated.g. -- i.g. for folks who may have had , it was notitions necessarily a situation where they were calling for emergency services. the i.g. indicated he did not see a link between the weight and them dying trade that does not excuse the fact -- wait and them dying. that does not excuse the fact that the wait time is too long in most facilities. we need to find out exactly what happened. we need to find out how we can realistically cut some of these wait times. there has been a lar

this was jamie dimon's guy. apparent and next in line for that thrown at one of the most successful banks out there. you butally said thank no thank you. it is not particularly fun getting thrown in front of senate hearings and getting vilified in the press, trudging through legal issues. that is not what i want to spend my time on. >> you have a terrific perspective. what is different this time? in summary 2014 we have got to make business plans. even february of 2015, what is different now versus previously announced? -- previous slowdons. -- previous slowdowns. is thatnk the feeling it is structural. people come see us like going to a doctor for your career. people tell us what is really on their mind. they are feeling fatigue and frustration that things are not going to get better. this is not an opinion, numbers support this. look at the ferrari engine, big trading. >> fixed income -- >> this goes to the heart of the matter, ilana, you mentioned for not buying people the second or third home. people down on

if chase manhattan bank is obliged to play a bonus to jamie dimon, picking the president's ceo, i don'they do. there's a contract and the contract should be enforced but if they're going to the federal government had in hand saying we need taxpayer dollars with which to pay this bonus and other expenses i am profoundly against it because the constitution doesn't authorize taxpayer dollars to go there. stuart: supposing they were paid out of trading profits which those bankers had indeed made? judge napolitano: then the contract should be enforced and tim weiner was correct to remain silent though he is probably disingenuous to refer to them as overpaid because now that he is in the private sector he dearly loves to be among them. stuart: a lot of 6-figure speeches. so you are not offended and outraged by bonuses if those bonuses were paid out of profitable enterprises within the bank but it's paid out of taxpayer money bailout money, you are outraged. judge napolitano: i suspect you agree with the embassy attack on the bailout money and call its -- how many times have we been through is

although he has pivoted to equities, leblanc fine, jamie dimon have got to be looking at this with a. eye.ary strategicde a strong that post-crisis, and morgan stanley is turning out good numbers in its private manager business. contrary to the rest of this treat, the latest report was very strong. >> our erik schatzker had a number of interviews with mr. gorman. --hought he was the exact executive of the year, the way he has turned morgan stanley around. what about any given firm, with china right now -- morgan stanley billboards would greet you. does american backing still project to china? >> look, china has a huge opportunity for the world and for global financial services. the key for non--chinese financial services is access to those markets, tom. morgan stanley had first joint venture and is now a new platform and everybody else is trying to get into that market. >> steve roach on wall street and china. >> coming up, this is leaders gather for an annual conference and ryan chilcote is there for us and will be ringing is a conversation with a billionaire. you do not want to mis

. >> dep for news reports jpmorgan's ceo jamie dimon is expected to join the city as mayor and possiblyf five years. back to the city and make mortgage money. available for home loans, expected to excess bankruptcy later this year. and pleaded guilty to charges of wealthy americans avoiding paying taxes to offshore accounts and pay $2.6 million in penalties. u.s. attorney general eric holder says the bank destroyed records and went to elaborate lengths to shield itself even after it was notified of investigation in 2010. officials say the fine is the largest imposed in any criminal tax case. stay with their, the real halftime report is next. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jo. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. i

jamie dimon believes the downturn is cyclical. >>> the u.s.am sungs to pay $119 million in damages in the company's latest dispute. far less than the 2.2 billion. unless it was awarded in a previous trial, the jury, which len finished . >>> and a judge in delaware denied dan lobe's bid to drop the poise up bill. the hedge fund manager is building his stake to try to get his own slate of nominees on the board. the company is limiting investors from owning more than 10%. the judge said he acted reasonably because of the fear to take them by other hedge funds last year. so that stock is down a third after that performance. >>> the hedge fund manager just bought the most expensive house in america. the new york post says barry rossenstein is paying $147 million for an 18-acre beachfront property seen here in the picture in the east hamptons on new york long island. you can count jerry sign felt seinfeld to be his neighbor. >>> and 140 million pounds in london is nearly $300 million to make it the most valued property. so we want to know, are we in

ceo jamie dimon says he wants to see the city recover.iously they're putting their money behind that. detroit is a big customer for jpmorgan. they've been in that city for 80 years, millions of customers there. detroit, when you think about big pictures, this is a city that's more than $18 billion in debt. they are working to get concessions from investors, city workers and retirees trying to remerge from bankruptcy. this is expected to be helpful to detroit in the financial situation it is in right now. carol? >> poppy harlow reporting for us this morning. >>> an annual tradition filled with great pageantry returns to new york with the parade of ships arriving for fleet week. it always looks so beautiful. hundreds of sailors, marines and coast guardsmen will receive a cannon salute as they pass by fort hamilton. cnn's miguel marquez drew the lucky straw. are you on board the ship? you are. awesome. >> reporter: there is no better way to come into new york than on one of these ships. we're on the coast guard cutter campbell. you can see t

in investment banking and international activities and so far, the best run bank is jpmorgan and jamie dimonnk about bold man sacks? >> goldman is a well run financial institution. but the business model has got issues. they get in trouble because of concentrated risks. now they are more concentrated. i just don't -- 10% roes don't cut it. >> if you had a dollar to invest, besides wells fargo, you go to the regionals first? >> well, i invested a lot of money in jpmorgan. 2.8% dividend. i think these problems are going away. so that's still an investment. >> and the growth will come out of the regionals. >> we have seen a lot of the fines placed on the banks in the aftermath of the financial crisis. you talked about what would or wouldn't keep the private sector from coming back in. what is the effect of these fines? >> i think it's been very negative. it's all political. and it's very unfortunate that politics are causing things to happen. i mean, the attorney general makes a mistake maybe. the reaction was very negative. now he started to jail people. this is just not the way america should

with the banks ripping off the market people they did not call for the heads of jamie dimon or anyoneshinseki will do a good job if people just let him do what he has to do. host: effort in congress for the republican version of health care, and is in "the wall street journal" this morning. or said republicans would vote on health care alternative and a 4 months later , the public and leaders are working with lawmakers to reach a consensus on what it would republican leaders are working with ach akers to re consensus on what it would include. s continue to mislead the american people when they say that republicans have no alternative to obamacare. group'snot true,' the chairman said in a letter to house republicans ahead of the meeting." california -- sorry, push the wrong button, lost him. illinois, veteran. caller: good morning. how is everybody? i was calling because i am a veteran, a vietnam veteran, and i'm in the health care system. i have worked for the v.a. since i was 14 years old. although these problems they are talking about exist -- all of these problems they're talking a

jamie dimon, too. >> well, it's in the same way brands are looking to reach young people, as we've builtpeople, politicians who want to reach young people have come to us and we've come to them and be able to sort of provide creative ways for them to tell their story, and our generation to engage with them. >> congratulations on the round of funding. jake, chris, thank you. carl, back to you. >> thanks. >>> what if silicon valley ran the fda? one start upis exploring that idea. when we come back, find out how and why. plus the bells are about to sound across europe. we'll get the details in about three minutes. e financial noise financial noise financial noise financial noise in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosi

global case where john horizontal out customers have their money stolen from jamie dimon and then they work through it over a couple of years so this is giving the bankers more power they've proven themselves to be lawbreaking larcenous stick a lot of more killing themselves down to shame around the world bankers committing suicide because their show so shamed of their industry so the government is doing is giving them more power to be even more psychotic in their behavior i wouldn't dissipate the banker suicide rate would skyrocket so there is a silver lining to this now let's talk about. and we talked about the cyprus balance who actually had their deposits confiscated in cyprus and explain exactly what happens in a bail and mark. well you know basically it was people with deposits over a hundred thousands and. people think oh well that was just for the rich people i was actually justified in that basis because i said all of this is just initially they said it was just the you know russian money and then was the realisation well i guess i. was only a tiny minority of the poles that w

tomorrow we'll have an exclusive interview with jamie dimon, the ceo of jp morgan chase.as a big announcement to share about that city. >>> plus, why would oscar winner charlize theron have to beg for her latest movie role? we're going to ask her about that and more when she joins us. >>> but we're going to begin this half-hour with a remarkable story of survival. we told you about it when she was first rescued. this is a 44-year-old mother who was trapped in her wrecked car for nearly a week. now, she's opening up for the first time about what happened and how she survived. here's nbc's miguel almaguer. >> i never, ever thought this was the end. >> reporter: this is what survival looks like for kristin hopkins. time with her parents and a future with her four children. >> they're my life. i am who i am because of my kids. >> reporter: last month, hopkins' car skidded off a colorado highway, going airborne for 120 feet, rolling another 200 feet, landing on its roof, pinned against the trees. >> i was upside down and i have no idea where i was. all i could see outside were