meet jpmorgan chase's worst nightmare. today and a democracy now!roadcast exclusive, we speak with a range -- elaine fleischmann, she forced the bank to pay one of the largest fines in american history. you might be surprised what she says about the bank, as well as the obama white house. she is featured in a new "rolling stone" he's -- peace. >> the significance of the story to me is that it talks a lot about the legacy of eric holder. we finally have someone from the inside who is telling us what a lot of people expected all along that the obama administration had enough evidence to proceed against these guilty banks and they just did not do enough of that evidence and those witnesses. we finally have someone like elaine fleischmann who can tell us all about that and what went on. >> all of that and more, coming up. this is democracy now! democracynow.org, the war and peace report. i'm amy goodman. cliff juan gonzalez -- with juan gonzalez. meet the woman jpmorgan chase one of the largest fines in american history to keep from talking. >> one year

why are you now suing jpmorgan chase?as a trustee they had full control of this portion of our endowment. we got several concerns when they started investing in their own funds. and the performance lagged significantly over other endowments of our size. gerri: jpmorgan says they did all the right thing. what kind of investments did they put the church's money into? >> it's kind of funny. as an ordained minister i'll be talking about hedge funds and private equity funds and structured notes. we're in a whole bunch of complicated and opaque investments. they were either jpmorgan products or placement agents for them. it's hard to understand and not appropriate for an endowment of our kind. gerri: this is -- who have a lot of money. but wouldn't it trouble some folks to put a church into some of these go-go investments that really benefit the bank. wouldn't normally someone say maybe we should do this. maybe take a more conservative bent. being that you're using it for good works like feeding the hungry or programs for your

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jpmorgan chase was the target of hacking last year., get this, ceo jamie dimon sits down with maria bartiromo for the only televised interview he's doing. that's tomorrow 9:00 a.m. don't miss that. we want to hear from you. both president obama and secretary of state john kerry were no shows to paris' unity rally. should the president have attended? rick says: definitely. the first thing i noticed was that he was not there to represent the usa. his absence tells the world that the us is no longer the leader of the western world. the french were the first to visit the white house after 9/11. nancy posted this: john kerry is saying that complaints regarding obama not going are quibbling. really? more like disgraceful to me. in add to following me on facebook, be sure to like fox business on facebook. here's the emails on the shrinking middle class. andrea writes, the middle class is being squeezed out. under the administration, there are only two classes. then the elite and then us all other americans. everyone is equal except for the le

the drop in december retail sales and weak earnings from jpmorgan chase.ord highs hit in december. >>> blackberry shares. got a boost on the rumor of a samsung buyout. both deny a takeover. that is sending the stock back down more than 15% before the bell. blackberry has lost almost all of the share in smartphones. >>> the president renewing his fight for paid sick days. white house released plans to push congress on the healthy families act. allow workers up to seven paid sick days a year. that could mean a huge change for 40% of workers who do not get paid sick time. the u.s. is the only advanced nation with no paid sick time policy. >>> "early start" continues right now. terror threat on capitol hill. police arresting a man they say planned to setoff a series of bombs in an isis-style attack. new information about the suspect and what his father is saying about his arrest this morning. >>> the french war on terror. searching for more suspects here. people who could be on the run believed to be involved in the attacks on paris. this country vowing to fig

coming up, jpmorgan chase international chairman jacob frankel.was the former governor of israel's central bank. tough to wear that hat back in the day. he's going to tell me what the eurozone must do now to make that deal work. plus, the russian oligarch, the world's largest aluminum company, he wants to be part of the solution and not the problem as it pertains to russia's tensions with the west. and you insure that your company won't be hit by cyber hacking? lloyd's of london says we'll do it for you. coming up, the ceo. lori, back to you. lori: looking forward to those fantastic guests this hour. meantime, tokings in -- stocks in flux after disappointing earnings from multi-national companies offset ecb stimulus optimism that sent stocks rallying in yesterday's session. so what headlines matter most for your portfolio? let's get right to the floor show, we've got traders at the new york stock exchange, the cme and the nymex. robert, things are accelerating into the close here. what's going on, do you think? >> hey, lori, how are you? lori: goo

disappointing earnings from wells fargo, jpmorgan chase. the business check for that matter. >> thanks for that business checks. a reminder of the top stories. belgian police say they have killed two men, they opened fire on them in one of a dozen raids. a third man was arrested during the operation. the information was revealed via emergency news conference. this take a listen. >> several people who we think are an operational cell research and people came back from serious. during the investigation, he found that this group was about to commit terrorist attacks in belgium. during search warrants, certain suspects immediately open fire on special forces of the police, they opened fire for several minutes before being neutralized. >> but simply say for the time being there is no direct connection to last week's attacks in paris. you're keeping us up-to-date with everything that is being said on social media. >> there are some amateur footage videos that have been put up online that have been picked up by some major elgin media. this is one

a drop in retail sales in december and weak corporate results from jpmorgan chase.at rattled the market. we will get a look at the banks earnings today. >>> the president renewing his push for paid sick days. plans to push congress on the healthy families act would allow workers to earn up to seven paid sick days per year. that could be a huge change for 40% of workers who don't get any paid sick time in the united states. >>> at last the weather you have been waiting for. a january thaw is due to end the arctic blasts. let's turn now to meteorologist pedram javaheri for an early look at your weather. >> good thursday morning, christine. the warming trend finally kicking in for the upper midwest and great lakes and northern plains on the action now. we are not talking about getting up too far above freezing. still cold. not shorts weather. 36. the first time above 32 for minneapolis since the 3rd of january. remember when denver was below zero? and st. louis on the warming side as well. washington, d.c. and new york the lone spots below average. a couple of notches

tougher day for the financials and jpmorgan chase.that the nation's largest bank by assets could be worth more broken apart than kept left. >> jeff cox wrote about this on cnbc and joins us now. >> thanks bill. breaking up is hard to do as the song goes and for jpmorgan maybe there's no other choice. no other institution faced more regulator pressure than jpm n. a much talked about note goldman sachs believes it's time to split up perhaps into four or maybe two pieces. goldman believes a split beneficial to shareholders, though it does note the difficulties involved taking apart such a massive institution. now, guys the biggest obstacle here for jpm is the fed. after pushing jpmorgan to continue growing through acquisitions in the crisis the fed now wants jpmorgan to hold more assets than any of its competitors and you can see what that's done to the share price. under performed the peers. unwinding is difficult. it's the height of irony that this same regulators that pushed jpmorgan together now want to break it apart. likely scenari

hour and trying to make a slight comeback here for jpmorgan chase.y do release their earnings before the bell tomorrow. fox business will have that. >>> closing bell ringing in 37 minutes. centcom's twitter account hacking brings renewed attention on social media and whether our tweets and information are accessible to hackers. whose fault is it, though, if your twitter account gets hacked? is it your fault? is it twitter's? something all investors should seriously consider before buying into any social media stock. and what should keep us up at night? the great contagion, china's slowdown, sinking oil prices? we find out from former commerce secretary carlos gutierrez right here, live and exclusive, on fox business coming up. ♪ ♪ hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalati

jpmorgan chase down 4% on its earnings miss. back to you. >> when the market is up.own, boy, is it down. >> makes a statement, doesn't it? >> thank you, jason brooks from kcbs news. >>> time for a look at what's coming up later on "cbs this morning." >> gayle king fresh from the golden globes over the weekend joins us live from new york with a preview. how are you? >> reporter: fresh from the golden globes. you're absolutely right about that, frank and michelle. so oscar nominations are out tomorrow. can't wait for that. hello. elizabeth palmer has a new video from al qaeda claiming credit for the attacks and bob orr is talking about the search for the other members of the terror cell. >> two climbers are ours from making history. >> and could you be -- i love this story, could you be 36 questions away from falling in love? a top sex therapist is in studio 57 with a new equation for intimacy. the news is back in the morning. we'll see you guys at 7:00 straight up. frank and michelle, wait, here's one of the questions. >> oh-oh. >> i was going to say, that's a tease.

bank of america, jpmorgan chase and allied financial offering the scores to some consumers later thisiti group will begin to offer access to the scores this month. >>> "healthcheck," another reason to put a smile on your face. a new study suggests that optimism may keep your heart in top shape. researchers at the university of illinois looked at more than 5,000 adults. they found people with an upbeat attitude had significantly better heart health. optimists also had better blood sugar and overall cholesterol levels. >>> a retired couple from new york has hundreds of millions to smile today. the diamonds the winners of the jackpot. harold and his wife of 55 years chose though take the cash value about $130 million after taxes. this is the biggest prize in new york lottery history. the diamonds are still deciding what to do with that i new-found wealth. however run thing is set in stone, a trip to hawaii. >> i think i have uncle harold i think. no, his last name is williams. close. >>> the "action news" team working on news stories tonight at 4:00. >> and checking in with alicia vitare

earnings season kicks off when alcoa releases fourth quarter results and big banks report including jpmorgan chasewells fargo, bank of america, and goldman sachs. only monday the auto show begins in dit. on wednesday retail sales numbers for december come out and in fact tors will be looking for a clue in to an interest rate change when the fed introduces the beige book and the consumer price index is released as america's economy improves economists are waiting for wages to go up. is it a good time to ask for a raise? that is something most people don't like to do, but sometimes you have to go up up to the boss and ask for more. personal financial correspondent sharon epperson is here with the ins and outs of asking for a raise in your money and your money. why is this such a tough talk to have? >> it is uncomfortable. a lot of folks don't want to seem pushy and don't ask. a recent survey by salary.com found more than half of employees actually didn't negotiate a salary in the last 12 months and 23% of them, 20% of them never ever asked for more money. the thing people should know is your employe

following in jpmorgan chase's footsteps. there is a mantra that the big banks are under assault. >> why are they paying legal fees? >> because they've had to settle mortgage fraud allegations, they've had to settle all kinds -- oh, my gosh. the number of different investigations are mind blowing. jpmorgan chase jamie dimon said they're under assault from regulators on all fronts. >>> the oscar nominations are about to be unveiled. we will have them for you live right after this quick break. over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes no corporate taxes no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you. go to startup.ny.gov. in a race, it's about getting to the finish line. in life, it's how you get there that matters most. like when i found out i had a blood clot in my leg. my do

jpmorgan chase shares fell the most in three months after the company reported a 7% drop in profits due partly to rising legal costs. jamie dimon says it is on assault by regulators who want to break it apart. >> the reason you have a mold the national banks. including governments. six have intentionally dollars a day, you will not do that with a small bank. you will not put out a $20 million per xfone and you cannot do certain things globally in 20 countries if you are not in 20 countries. >> some of the wounds might be self-inflicted. jpmorgan posted its lowest fixed income trading revenues since the financial crisis. apple suing over the wireless technology used in mobile devices. the federal court claiming they are not essential to long-term standards and that the rates were excessive. meanwhile, ericsson suing back in texas trying to determine whether the terms were fair. and the crew of the international space station were safe after an early-morning scare over a hazardous leak. an alarm went off indicating a possible pneumonia leak. one called it a nice -- a nightmare scenario. n

jpmorgan chase shares down after a miss in fourth-quarter targets.ls fargo making targets and making money at the same time. listen to my financial report three times a day. >>> business leaders gathering in new york at the wall street project economic summit. my next guest among the leaders at the summit calling for diversity in business trying to create economic success for minorities. joining us is reverend jesse jackson, president, founder of rainbow/push coalition and john rodgers, co-chair of the wall street project economic summit. good to have you here. >> good to see you, lou. lou: jesse, you and i go back a long ways we don't need to bore everybody with how long. >> very long. lou: you sustained it over that time, has the impact been what you wanted? >> it has not been one, lost focus with silicon valley 189 board members, 37 women, 3 blacks and 4 latino. when you have patterns of exclusion, you lock out market money, talent and location, we've challenged them to pull down the walls reveal the reports and open up access to capital and to in

take jpmorgan chase, america's biggest bank by far. ust announced soaring profits. $21.8 billion, that is a 22% jump from 2013. so you would think america's biggest bank would be celebrating its glory, but instead jpmorgan chaste jamie diamond represented at reporters that, quote, banks are under assault. why is jamie crying? because chase saw its profits take a hit, due in large part for a $1 billion charge to cover legal fees. the department of justice hit the bank with a whopping $13 billion in fines. jamie diamond told reporters that quote, five or six regulators at us on every issue complaining, how american is that? how fair is that he asks? that is pretty rich coming from a guy that runs a bank that pedals securities and caused the worst economic downturn since the great presession but you might be surprised by what jamie diamond says i'm not anymore though. wall street lobbyists are pushing hard to take down dodd-frank. the financial reform that was passed in 2010 to make sure that big banks never gamble with our prosperity agai

i want you to know i ran into jamie dimon, ceo of jpmorgan chase right now at one of their functions.appy to say looks great. he looks really good. we ran into dan loeb. dan loeb runs a big hedge fund third point capital. take as big interest in new york city politics. point-blank he wants to create a business group that would sort of blunt some of bill de blasio's radical policies. he is talking to people about it. stay tuned for that. he tells me he is definitely on this here is what is going on. you know, melissa, i'm calling this you know, i don't know, this is, this is a scandal. it is not watergate. melissa: we're calling it threat-gate here. >> this is what cnbc is doing. they find out we have a guest. they call up that guest. or send them an email. and one of their pr people, a guy named nick dunne does this he send as, a nasty email to the people, saying if you go on their show in davos, you can't go on our show. she is are ceos, sitting there, who are these thugs? now listen, as you know i play pretty rough when it comes to breaking stories. melissa: that is true. >> i want

jamie dimon pro jpmorgan chase will be here thursday. i hope, i just hope that they basically step up to the plate and kind of lead this in a different direction. this is very statist, european stuff. it is supposed to be for the world. they talk a lot about poor and hunger. they don't about what capitalism has done traditionally to address those in a very good way. melissa: charlie gasparino when you come back tomorrow i want a juicy piece of gossip that i can't get anywhere else. >> i will try to get it. melissa: something delicious we could possibly get in trouble for saying. this is what i want on this show tomorrow. >> i gave you, i gave you swiss miss. what else do you want? melissa: i am just saying. >> i gave you swiss miss. melissa: miss you. >> i gave you swiss miss. melissa: have a dripping for me. isis demanding $200 million to save the lives of two hose damages but will japan pay up? >>> they say one is the loneliest number but now pluto may have two neighbors. more money and a few extra planets coming up. ♪ melissa: concern

jpmorgan chase once known as washington's golden child is claiming the bank is under assault by regulators. looking at jpmorgan in the final minutes of trade down 4.5% it. missed on numbers, profits did not look good at all compared to a year ago, we have big names like citigroup, bank of america and goldman sachs left to report. will regulation because jamie dimon and company say regulation taking toll on earnings. dick bove, rafferty capital with us. next up on the docket, i was looking at your estimates and very surprised, dick, you are way lower than the street's estimates how the numbers will come in. what's going on? take it macrofirst. is the picture that bad for financials? >> it is in this quarter, interest rates are very low and that hurts net interest margins. none of the banks expected to see the 10-year yielding where it is at the present time. and the problem with trading, the precipitous drop in the price of oil has a big impact on currency trading and the profits from that area, and thirdly the volatility that's occurred in the fixed income market itself also took a toll on

budget of four or $500 million but to put that in perspective if you look at the amount of money jpmorgan chase set aside for litigation reserve in 2013 they put it aside to defend themselves the consumer financial protection bureau budget is 2% of that. so you get the sense that they are doing good work that they are kind of outgunned here. i think that you know hopefully if anything comes from the book i hope they give them a shot in the arm. another thing come i was on the phone the other day with the justice department. they have this operation chokepoint. the idea behind this is as hard to go after these payday lenders that do the worst stuff so what the justice department starting to do is go after the payment processors. if i am a payday collection agency and doing bad stuff i still have to rely on it payment processor to take your debit card information and take the money. the justice department started to say hey payment processors if you are dealing with unscrupulous payday lenders we are going to go after you. there's a pushback about that because there is a strong payday loan lobbyi

they joined jpmorgan chase, citigroup, bank of america reporting lackluster results. about an hour til the closing bell, morgan stanley moving down just by about one-half of 1% or 16 cents per share. well, despite some gloomy predictions by the imf about the global economy, the ceos of major companies say the united states has overtaken china as the most important growth market. it is the first time the u.s. has won this honor since pricewaterhousecoopers began conducting the survey just about five years ago. so where exactly is that growth coming from, and how can you profit from it? we're so glad you're along for the ride. let's start the "countdown." ♪ ♪ lori: it's been a rocking first day of trading after the long weekend. oil continues its slippery slide after the imf cuts its outlook on energy prices, that coupled with traders anticipating the big everything cb announcement this week -- ecb announcement this week has volatility spiking. so how do you play it? traders at the cme group, the nymex, also joining us to weigh in on china specifically, gordon chang, au

one of the big problems is that federal prosecutors are afraid of taking on big companies like jpmorgan chase and goldman sachs because they know they will be in a fight for 10 years. they know they go up against the best lawyers in the world. they have to devote enormous amount of resources to winning the case. they also worry that juries don't understand the material. we can go after 100 drug dealers are one bank when we are going to win this case is that we might lose this case. a lot of it comes down to not than they decided me and the

and disappointing numbers out of jpmorgan chase and you had all of the makings for selloff. dow not more than 180 points on the day, had been north of 350. >>> all right. the more broadly based s&p 500 following suit. [container door opening] ♪ what makes it an suv is what you can get into it. ♪ [container door closing] what makes it an nx is what you can get out of it. ♪ introducing the first-ever lexus nx turbo and hybrid. once you go beyond utility there's no going back. shrimp? who are you calling a shrimp? that, my friend, is a big shrimp. it's red lobster's big shrimp festival. i get to pick my perfect pair from six creations for just $15.99. so open wide for crispy jumbo tempura shrimp with soy ginger sauce, and make room for creamy shrimp scampi linguini. yeah, we're gonna need a bigger fork. unless i eat those spicy sriracha grilled shrimp right off the skewer. don't judge me. join me. but hurry, because the big shrimp festival ends soon. >>> a horrible horrible terrorist act took place in paris. you would think it would have heightened the urgency to pass a homelan

before you go, i want you to respond to something that the ceo of jpmorgan chase said today. as talking about the burden of regulations. listen to the jpmorgan ceo. >> will 2015 be any different given we got these proposals from the federal reserve which puts you on the high end of federal capital? >> not really. we'll do exactly the same fortunately. thing. there are things that might make it worse or better. the g50 capital there are other constraints. capital constraints. all banks operate under one constraint or another. it isn't quite clear they'll be -- i do think stress testing is absolutely critical and an important thing to do. gerri: that was jamie dimon talking about the burden of regulations particularly from dodd-frank. i think it's had a chilling effect in the lending industry. how do you balance those two things? the burden of regulation with getting what you want to consumers? >> so, first of all, i don't want to mix apples or oranges. nothing he was referring to there had anything to do with the consumer financial protection bureau. what we're doing is we're p

the marines, but never made it through boot camp and for the wall street credit he worked at jpmorgan chasenot what he said he was. >> here's rudy telling investors he'll make them rich. >> i talked to the guys on wall street, well connected on the street. >> with rudy in place, the group told investors they were starting hedge funds for the soon to be millionaires, but first, there was a fee. investors sent bh more than $23 million to buy dinar and 700,000 for hedge funds that did not exist. brad was literally rolling in the cash. >> he was making multiple trips to the bank to make sure that his cash deposits at the bank were all under $10,000. >> he says the irs caught wind of unusual financial transactions and checked in to brad. >> they found stacks of this iraqi currency everywhere in the office. they were keeping dinar in the stove, in all the cabinets. >> rudy pleaded guilty and was sentenced to 63 months in prison. after trial, brad and charles were convicted of wire fraud and more. sentenced to 87 months in lockup and the other to 33. back to you. >> wow, what a brazen scheme that

one of the factors in play an earnings report posted by jpmorgan chase that was far below what stock analysts expected. adding to dismal mood a hort that showed december retail sales physical almost 1% from a year ago. a slight gain had been predicted. >>> stlill following our breaking news, a car crashed into the mall in newark. four people are injured. the car actually drove into this mac macy's store. we'll have more details after the break. >> reporter: a well-known charter school could be moved into a much smaller facility. i'm live in hansan jose. how it could threaten the way the school operates and whether many students stay. >>> good evening. we are tracking a weak system moving closer to california. even a few showers offshore. we'll let you know if we get any rainfall from this tonight in just a few minutes. >>> an update on that car that went through the mall doors at this macy's. we've just learned four people are hurt after the car went barrelling right through the front doors there of that macy's department store. at this point we don't know the extent of those people'

tommy caldwell and kevin jpmorgan chase son did it using only their -- and kevin bjorgenson did it usingy their hand and feet. >> the world's hardest claim. the pair using just feet and hands to scale the massive 3,000-foot the wall known as el capitan in yosemite national park to become the first people in the world to free climb the formation's wall. they did have ropes and other safety devices in case there was a fall. they did fall from time to time. but they did achieve the impossible. tommy caldwell kevin bjorgenson doing the free climb. you're talking about a journey that goes back to december 27th. they did this supporters who were sending up supplies and food to keep them going. as you can imagine, going down will be a lot easier than going up. that moment five years in the making. >> well done. five years, how about that? >>> president obama tweeted his congratulations to the climbers. >> that's right. take a look at the image. the white house tweeted this out. it's the president next to a painting. thumbs up there. >> closest he'll get, right? >> right. president obama said th

it released numbers that fell way below analyst expectations that's jpmorgan chase. finally, as uneasy as people are about the american economy, the world bank says it's the bright spot and that the world cannot rely on america, it readjusted its world forecast for growth. that is also a very negative sign. lot of volatility in the market and that will continue. >> thank you so much. >>> turning to our top story, the world lead. al qaeda in the arabian peninsula stepping forward to say that they are behind the slaughter at the offices of the french satirical magazine "charlie hebdo" as even more pictures are emerging showing us a last glimpse of last week's terrorist attacks. new photos first posted by the uk's "daily mail" reportedly taken off security cameras, showing amedy coulibaly in the middle of the hostage situation inside that kosher supermarket, the one he targeted specifically so he could kill jews. also today, a 12-minute video surfaced. in it a commander of the al qaeda affiliate in yemen, aqap says the plot to target the satirical magazine was at least

bank of america, jpmorgan chase, citigroup reporting perhaps expected large declines in fixed income trading revenues over the course of this past quarter, compared to the same time last year. so big moves here. and if you look at the earnings calendar examining up, of course, we got the big ones, goldman sachs and morgan stanley still to report. goldman sachs on friday and then on tuesday after the holiday morgan stanley, guys. back over to you. >> thanks for that. pete najarian you bought jpmorgan calls. >> i did yesterday. yep. >> yesterday. >> what do you do here? across the board there's weakness. >> there is weakness but what was the strongest part of jpmorgan's was actually the investment banking revenue up 31%. goldman sachs tomorrow i expect a big number. i put calls in there as well. >> goldman sachs has a lot of trading. >> they do. >> trading has been the problems for the banks that have reported. >> equity trading was up 25% at jpmorgan as well. so it was really the fixed income that was their one down spot along with obviously what everybody focused on which is the lega

jpmorgan chase bank of america wells fargo, all closing early today in new york city area due to weather. we'll keep our eyes on it of course. lockdown at the white house spurring major concerns. details on the drone that touched down at 1600 pennsylvania avenue. plus the east coast now feeling effects of a crippling blizzard. we're on the ground with the latest next. more "money" coming up. ♪ push your enterprise and you can move the world. ♪ ♪ but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgen

coming up on my show at the top of the hour, a church in indiana suing jpmorgan chase, accusing it ofts millions. the head of the church is here. we'll investigate the charges. that is one of the big stories coming up on "the willis report" in just a few minutes. when heartburn comes creeping up on you... fight back with lief so smooth... cre.it's fast. you... tums smoothies starts dissolving the instant it touches your tongue ...and neutralizes stomach acid at the source. tum, tum tum tum...♪ smoothies! only from tums. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. and cialis for daily useor you. helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all

jpmorgan chase agreed to pay $100 million on a lawsuit and its role of the 40's changing market. ne of a dozen been sued by institutional investors over the price-fixing. jpmorgan agreed to pay $1 billion for the investigation by regulators in the u.s., u.k., and switzerland. >> verizon has approached aol about a potential venture. verizon is primarily interested in aol's advertising technology which could have a future online video product. >> russian opposition leader has taken to twitter to declare an end to house arrest. he tweeted he has remote the electronic bracelet used by authorities to track his movements and said he has no plans to travel except for going to work and spending time with his family. he violated the terms of his house arrest last week after attending a protest. >> ok, u.s. carmakers report strong sales making 2014 their best year since 2000 it's. ryan chilcote joins us. draw a line between this and oil prices. take a moment to think about and we will come back to you. can you hear me? a voice in my head was say you are not ready. >> lower gas prices mean a

one of the big problems is that federal prosecutors are afraid of taking on big companies like jpmorgan chase and goldman sachs because they know they will be in a fight for 10 years. they know they go up against the best lawyers in the world. they have to devote enormous amount of resources to winning the case. they also worry that juries don't understand the material. we can go after 100 drug dealers are one bank when we are going to win this case is that we might lose this case. a lot of it comes down to not than they decided me and the calculation when we take a find from these people and put these people in jail and did make kind of sense. what you end up with his people in jail and a lot of people who pay money over here. >> was anything is surprising your findings? >> no. what i was surprised by is how i did know a lot about how the criminal justice system worked or people on public assistance or for undocumented ÉmigrÉs. i've never covered that story before. it was kind of eye-opening to me to find out how aggressive than we let us that system is. if you are a single mom on welfare co

bank of america, allied financial, and jpmorgan chase will start giving their customers their fico scorecourage peep to work toward better credit. >>> and canada's paper said a woman was found stranded in the mountains. she said the hardest part was surviving the cold cold nights. >> closing arguments are expected today in the rain trial of two former vanderbilt football players. they're accused of taking part in an attack on a woman in a dorm at an elite university. julianna goldman is in washington with more. >> one of the shocking details this trial has revealed is several people are aware o what happened on the night of june 3rd, 2013, and did nothing to help the alleged victim or report it. >> reporter: prosecutors say former quarterbacks laughed and took photos as a group of men rape and defiled a female at a university dorm. two will also be charged and tried at later date. vane denburg and other players were seen carrying a woman out of his car into a dormitory elevator. that i took compromising photos of her and then dragged her into vandenberg's room. the alleged victim testifi

jpmorgan chase reporting fourth quarter earnings 1.19, a miss. gher than expected legal expenses weighing on results. wells fargo, in line with estimates, profits up on loan growth revenues come in above expectations. jpmorgan, the biggest miss sings '08, jamie dimon on the call saying banks under assault. asked to explain that and said you've got to be kidding me. >> there was a legal charge that i didn't count on. deposits -- this is going to sound strange -- banks are too successful. deposit growth at wells fargos huge. we can't make as much money on deposits at this price. sole at 3.04. nim is what everybody focuses on. step back and say the group's been strong it's going to correct because rates are just too low. they can't make as much money as we thought. >> terms of net interest margin particularly at wells fargo. >> interesting, the loan growth 64% of -- the commercial and consumer loan growth at jpmorgan was strong but we're not going to talk about that. we talked about how much they made on deposits. analysis people use for banks is dep

what year did chase manhattan buy jpmorgan? the answer 2000.4 billion. >>> welcome back to "squawk box." among the stories that we are watching this hour yemen's top al qaeda leader is claiming responsibility for last week's charlie hebdo massacre. in a video posted this morning rng the al qaeda group leader said they planned and financed that attack. >>> also criminal charges have been filed against the man who allegedly threatened to kill house speaker john boner. michael hoyte was charged with training to poison boehner's drinks. >>> elon musk called an industry conference, sales in china were unexpectedly weak in the fourth quarter. he said that tesla may not be profitable through 2020. >>> earlier this hour that weekly mortgage applications. the biggest gains in six years. diana ola joins us with more. >> this is a huge number becky. mortgage rates spiked on a holiday adjusted basis from the previous week. a sharp drop in interest rates combined with new costs from fha and fannie mae loans were behind this now. re-fis, up 66%. jumbo refina

, americans for the arts, black and beach corporation, engine research foundation google, hdr jpmorgan chase and company lindbergher, sampson llp, motorola solutions target corporations uber technologies, the walton family foundation. let's give all of our sponsors a round of applause. i'm also pleased we have over 50 new mayors registered for this winter meeting. let's give our rookie mayors a round of applause. to help introduce and welcome them to the organization, we're going to show all of their names behind me. and if we missed or left out a mayor, i want to apologize in advance. all right. all right. all our new mayors in the audience, please stand up. we need to see who you are. [ applause ] all right. we know that this group will be instrumental in defining our priorities and helping this organization go forward. i am now very pleased to bring to the podium one of those rookie mayors she reigns from the great city the district of columbia, mayor balder served as a city council member. the conference has been fully supportive of full voting rights for the district of columbia. mayors

. >> hey, larrer rick, goldman sacks just this week called for the breakup of jpmorgan chase, sayingis the old -- the parts are worth more than the sum at this point. interestingly, you think it would be the free market that will break up the big panks as valuations become clearer? >> it could be. that was a very interesting same they made. i agree with barney, if you bra he can them up who is going to break them up? ultimately, i don't want the government to make that decision. i want the private sector markets to make that decision. whether it ever gets made i don't know. i want to say a couple other things about this. number one inside the legislation which i think by the way was way too comp lex nobody understands to this day what's in dodd frank, you, you, you if there is any resolution of a potential bankruptcy it begins, quote unquote, temporarily with government funds. i don't want that i want it to go right into a bankruptcy court. the fdic knows to happened this will very well. point number two. the consumer protection bureau may or may not be a good idea. all the reports s

americans for the arts, black and beach corporation, engine research foundation, google, hdr, jpmorgan chase and company lindbergher, sampson llp motorola solutions, target corporations, uber technologies, the walton family foundation. let's give all of our sponsors a round of applause. i'm also pleased we have over 50 new mayors registered for this winter meeting. let's give our rookie mayors a round of applause. to help introduce and welcome them to the organization, we're going to show all of their names behind me. and if we missed or left out a mayor, i want to apologize in advance. all right. all right. all our new mayors in the audience, please stand up. all right. all right. all our new mayors in the audience, please stand up we need to see who you are. [applause] we know that this group will be instrumental in defining our priorities and helping this organization go forward. i am now very pleased to bring to the podium one of those rookie mayors, she reigns from the great city, the district of columbia, mayor balder served as a city council member. the conference has been fully suppo

. >> davos for a live interview with jpmorgan chase chairman and ceo, jamie dimon., markets await the big meeting tomorrow. does he think his successor draghi should go the kiwi route? all over the map and only 17 minutes in. more "squawk on the street" is back in a minute. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> oil's hanging on to a gain this morning. over to jackie deangelis at the nymex. >> a bounce today no the upside, a dollar on both side of the atlantic. the name of the game volatility. that's what trades are saying. they're not surprised about this. we did see steep sell-off across the board. downside risks remain. we have comments from the kuwaiti oil minister saying it's basing its budget on $40, $45 oil, that implies potentially wti price with three handle. the ohman minister sacrificing price rather than market share. how can you base a busine

the one that's leading the pack is the interview with jamie dimon, the ceo of jpmorgan chase.he biggest sin in america is how we aren't graduating enough inner city and minority kids out of high school. he points out that their dropout rate is about twice that for white students. that's getting a lot of attention on the website which makes me feel heartened about our audience. and third the twitter verse is going nuts over this patriot deflation gate thing. you have heard about how they're accused of deflating the balls in the championship game. and there's a corporate angle. krispy kreme doing a tweet saying, hey, ours are fully filled. and, of course the michelin man coming out and inflating footballs, showing people how to do it. great stuff there. that's it kelly. >> allen, thank you. i'm looking at dr. j here. tell us this football deflation thing. is this a long standing thing? >> this was the first that any of us had heard of it was this weekend, but apparently the same thing happened at a game in november, one of their linebackers or one of the people who intercepted a

this includes jpmorgan chase, bank of america, usaa state employees credit union alli financial. some of them are here today, i want to thank them for their participation. this means that a majority of american adults will have free access to their credit score, which is like an early warning system telling you that you've been hit by fraud so you can deal with it fast. and we're encouraging more companies to join this effort every day. third, we're going to be introducing new legislation. a consumer privacy bill of rights. working with many of you from the private sector and advocacy groups, we've identified some basic principles to both protect personal privacy and ensure that industry can keep innovating. for example, we believe that consumers have the right to decide what personal data companies collect from them. and how companies use that data, that information. the right to know that your personal information collected for one purpose can't then be misused by a company for a different purpose. the right to have your information stored securely by companies that are account