mr. morgan, eight months of closure to reopen on july 4th.e were in a pretty good economic hole to begin with. ellis island is yet to reopen prior to the closure. we're hopeful for october 28th, which is the statute's birthday, if you will, anniversary so at this point we're down, we would be lucky to break even had this not happened but now we will be 50 to 60% down every day, maybe more in revenue and at this point we have not laid off any employees, but, you know, as weeks go by we'll make adjustments like we did during sandy. >> unlike people that get furloughed that work for the government and so on, you have no hope of getting any of that money back, it's a straight write off, right? >> there is no recovery of the revenue and wages, it's a total loss. >> final question, what is your personal view about the saw fta of liberty being closed for business? >> as an american and someone that worked around the statute for almost 30 years, it's outrageous, in fact, the statute cruises and other concession are hills who do the food and souvenirs

mr. morgan, eight months of closure to reopen on july 4th. we were in a pretty good economic hole to begin with. ellis island is yet to reopen prior to the closure. we're hopeful for october 28th, which is the statute's birthday, if you will, anniversary so at this point we're down, we would be lucky to break even had this not happened but now we will be 50 to 60% down every day, maybe more in revenue and at this point we have not laid off any employees, but, you know, as weeks go by we'll make adjustments like we did during sandy. >> unlike people that get furloughed that work for the government and so on, you have no hope of getting any of that money back, it's a straight write off, right? >> there is no recovery of the revenue and wages, it's a total loss. >> final question, what is your personal view about the saw few tatute of liberty being closed for business? >> as an american and someone that worked around the statute for almost 30 years, it's outrageous, in fact, the statute cruises and other concession are hills who do the food and

mrs. morgan sat down on her desk and put her head hands. you are supposed to be working on spelling words like mother, everybody stopped and watched her. she sat for a second and started to cry. i listened to her cry and thought we are not going to have to do any work today. another girl started crying too. miss morgan walked over and asked if she needed to go to the better man she nodded her head yes. mrs. morgan touch amy's shoulder and asked to go to the better with endeavour and told my friend mack, didn't even know his that well. i was jealous because i wished i could be freed too. she was able to compose herself and i know this is a horrible accident, there will be a funeral tomorrow and i hope we can all go, you need your parents if you wish to go. bible also be calling each of your parents tonight. she said was too much for everyone to stay behind and be shown the movie, somebody raised their hand and said what movie? mrs. morgan said she didn't know, she thought maybe a superman movie. i

mrs. morgan said she did know. maybe a superman movie. i didn't say anything but i was thinking superman or the funeral, i picked superman. next day at school it seemed everybody else picked the funeral, dumb kids. they got on a bus dressed up in a nice shirt and tie, church address and churches and church smells watching the window as they got on the school bus, only a couple didn't go, me and a special needs groups, the kid who proves his pants, he wanted to go because he always proves his pants and a teacher may of the excuse he couldn't go. after they left he sat down in the classroom and the superman 4 in the vcr the part of me was saying this is great, two days in a row we haven't done any work. you go to a funeral -- after watching a half-hour of superman 4 i realize something important. superman iv was horrible. you could see the wires holding christopher reeve in the air and a microphone in one shot and all the sudden special needs girl started crying and i said they're going to turn of the movie. she quit crying but superman iv

mr. morgan, coming on the heels of eight months of closure after sandy, only to reopen the statue of libertyly fourth, we were in a pretty good economic hold to begin with. ellis island has yet to reopen prior to this closure. we are hopeful for october 28th, which is the statue's birthday, if you will, anniversary. so, at this point, we are down to -- we would be lucky to break even had this not happened. but now it would seem impossible. we will be 50% to 60% down each day and maybe more in revenue and at this point we have not laid off any employees but, you know, as weeks go by, we will have to certainly make adjustments as we did during sandy. >> unlike people who get furloughed who work for the government, you have no hope of getting any of that money back. it's a straight write-off, right? >> is there no recovery of our revenue and no recovery of the employees' lost wages. it's a total loss. >> people are being hurt here. >> i have nothing to say. >> day three. >> i am speechless. unbelievable. >> 49 minutes after the hour. >>> coming up, if you had to go to bed early and did not find

morgan president obama has talented mr diamond for his financial expertise j.p. morgan is one of the best managed banks there is jamie dimon the head of it is one of the smartest bankers we have this is the best or one of the best managed you could have a bank that is in a strong isn't as profitable making those same bets and we might have had to strip . well the meeting with president obama and mr diamond comes as the bank finds itself in hot water the justice department is now investigating j.p. morgan for allegedly misrepresenting toxic home loans it sold according to the wall street journal the bank is offering the government three billion dollars to settle regulators are reportedly looking for a levon billion dollars it would be the largest fine in u.s. banking history this is the first legal snafu for j.p. morgan on their dime and he had to go to the hill to defend the london whale the billions of dollars of trading losses the banks suffered after a very risky head that did not pay off but lawmakers seem to be forgiving. your obviously now and rightfully so

mrs. morgan her desk and put her head hands. you are supposed to be working on spelling words like mother, everybody stopped and watched her. she sat for a second and started to cry. i listened to her cry and thought we are not going to have to do any work today. another girl started crying too. miss morgan walked over and asked if she needed to go to the better man she nodded her head yes. mrs. morgan touch amy's shoulder and asked to go to the better with endeavour and told my friend mack, didn't even know his that well. i was jealous because i wished i could be freed too. she was able to compose herself and i know this is a horrible accident, there will be a funeral tomorrow and i hope we can all go, you need your parents if you wish to go. bible also be calling each of your parents tonight. she said was too much for everyone to stay behind and be shown the movie, somebody raised their hand and said what movie? mrs. morgan said she didn't know, she thought maybe a superman movie. i was thinkin

mr bobbitt anguish. thanks for including me now now when j.p. morgan they took over bear and subsequently won new their after we knew what their motives were and who was in profit. no of course not of course not you know it did actually get quite a bit of financial help from the government in taking over these these companies can you detail this for us sure to look at the big picture let's look at the smaller picture first because some of these losses and we have a graph here of this and these are the most traded most recent losses in terms of fines and fees we see the independent foreclosure review just approaching two billion dollars we have the london whale fines just completed last week by the sea f.t.c. at one point two billion dollars the london whale trading loss itself of six point two billion dollars and then we have this most recent thirteen billion dollars settlement which doors all of them but then according to j.p. morgan's most recent ten q. filing were actually announcement on. earnings announcement they have set aside an additional fift

morgan's recent losses and compare them with their two thousand a bailout we don't find much from mr diamond to be crying about no we do not and it's billed as the facebook of wall street i talked to the founder of some zero to see who likes his latest social media for a in the investment world and finally is the u.s. finally on the verge of energy independence america to use as a surprising answer in light of a recent report and let's get this show. has some prime contagion more into a full fledged financial panic j.p. morgan snapped up bear stearns in march two thousand and eight then washington mutual later about september these were characterized by some as sweetheart deals at the time but jamie diamond it now has buyer's remorse that's partially because of the thirteen billion dollars settlement with the justice department over toxic mortgages issued from two thousand and five to two thousand and seven now the former former goldman sachs c.e.o. and treasury secretary hank paulson was recently interviewed by andrew ross sorkin about the bear stearns acquisition and whether the go

morgan throughout the weekend so one would think mr dimon and co should have known full well whose assets those were in other words customers anyway it's time for today's big deal. thing. thing. doesn't love movie memorabilia on must the brains and bronze be on there we go some lights the brains runs like we're in a real theater for brains and brawn behind tesla and space x. he sure does in fact he likes moving memorabilia so much that he shelled out one million dollars for the lotus face submarine car from the one nine hundred seventy s. era james bond film the spy who loved me which you just saw any plants which i'm a prop into a working submarine car now as you just saw again in the clip the original james von not sean connery fact it was roger moore and he drives a car off appear to have a the attacking helicopters the wheels retract fins emerge and with a touch of another button a rocket launch is blasting those choppers that were chasing him right out of the sky but now must was apparently disappointed to learn that the prop didn't actually do this now he won most told n.b.c. news.

morgan live sorts now. >>> sanjay, not so fast mr. bond, it was a news exclusive s. i watched with interest. a lot believe kathleen sebelius should resign or be fired. to me, a fascinating exchange when you asked her about the supposed a team she said was working on obama care and promptly you asked why weren't they there to start with? tell me about that. >> yeah, it was extraordinary. what happens now? it's been three weeks and obviously there is not just kinks or glitches with the system so i wanted to say what is your plan? she said now we'll bring in the a team to try and fix this and i said the a team should have been here way prior to october 1st. so that was a pretty interesting exchange, and again, she really does talk about the fact that there has been a lot of failures, but keeps going back to the idea that it's going to work eventually. we don't know when. we don't know how many people signed up, but we'll get there. that's what she kept getting to. >> i have my own a team here, the buffet team, howard, warren buffet. a fascinating hour with them. before you go, sanjay, let's tal

morgan. come on in. (dog barking in distance) mrs.ow axl and i have had our ups and downs, but he has made a lot of great changes, and i am feeling really positive about our relationship right now. me, too. super positive. well, come on in. let's eat. i don't know what kind you like, so i got regular and extra-crispy. wow. it's hard to decide. sure. it can be hard to make a choice and then stick with it. i get that. what? i said, "i get that." (chick cheeping) is that a chicken? oh, sorry. (laughs) that's brick's chick. it's running around the house somewhere. we can't find it. he's right here. i found him this morning. brick, get that thing off the table. come on. look, he imprinted on me. he follows me everywhere. come on. (chuckles) (brick) see? (axl) okay. well, i had a worst-case scenario in my head, and this seems to be kind of exceeding that, so we're gonna go. no. this is all about us getting to know morgan. so, morgan, how's school goin'? fantastic. i just aced my a.p. mandarin test. i told axl to drop spanish, so now he's ta

morgan live sorts now. >>> sanjay, not so fast mr. bond, it was a news exclusive s. i watched with interest.en sebelius should resign or be fired. to me, a fascinating exchange when you asked her about the supposed a team she said was working on obama care and promptly you asked why weren't they there to start with? tell me about that. >> yeah, it was extraordinary. what happens now? it's been three weeks and obviously there is not just kinks or glitches with the system so i wanted to say what is your plan? she said now we'll bring in the a team to try and fix this and i said the a team should have been here way prior to october 1st. so that was a pretty interesting exchange, and again, she really does tk

morgan stanley, this is before mr.w they have never been held accountable for their role in the selling, securitizing of mortgage-backed securities and they were a big player. i mean at beginning of it. >> one of the things that is problematic with i think, when you know something, maybe jon stewart should talk to his brother. jon stewart's brother workers for new york stock exchange. adam: goldman sachs gets beat up for their role but morgan stanley hasn't been beaten up and they played a role. >> larry leibowitz, jon stewart's last name is leibowitz. larry leibowitz is good friend of mine works at new york stock exchange. he would tell jon this, biggest players in securitizing mortgages was not morgan. citigroup, which every democrat in the world fines, earns $8 million for three seconds work. adam: reuben never returned his investment. >> jack lew spend 30 seconds there and gets an eight million dollar payment. maybe jon should do a segment on that. when you talk about, what makes sort of jpmorgan speckel, such a sp

morgan's recent losses and compare them with their two thousand a bailout we don't find much from mr diamond to be crying about no we do not and it billed as the facebook of wall street i talked to the founder of some zero to see who likes his latest social media for a in the investment world and finally is the u.s. finally on the verge of energy independence america two so has a surprising answer in light of a recent report from let's get this show.

mr. cheney's doctor on that report. you can see more of him tonight on "piers morgan live." we'll be right back. ld it stead.ur seatbelts everybody. [ mixer whirring ] good thing we've got bounty. bounty select-a-size. it's the smaller powerful sheet, that acts like a big sheet. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. [ humming ] [ dad ] use less with the small but powerful picker upper. bounty select-a-size. and try bounty napkins. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ -- captions by vitac -- www.vitac.com into the future. >>> tomorrow night cnn will air the television premiere of the fascinating documentary "black fish" that tells the story of a sea world trainer killed by tilikum. it raises questions whether killer whales should be kept in capacity. they spoke to sea world trainers about their o

mr. speaker, earlier today i received an email from a woman who runs a small business in my district. i read it to you now. morgan, as you know, i'm a small business with 36 employees, have been paying 75% of my employees' health care for over 20 years. mr. griffith: get a call from health care provider agent that although my renewal date is march 1, the companies are offering to renew on december 1 his year with a 9.8% increase. this is to beat what is eamented as a 30% to 60% increase after all the effects of obamacare. needs to say this has reignited my frustration with the so-called affordable care act. please stick to your principles, continue the fight. let me know what, if anything, i can do. yes, ma'am, i will. and i yield back. the speaker pro tempore: the gentleman yields. for what purpose does the entleman from california rise? without objection. >> thank you, mr. speaker. well, in the last few days, this house has actually come together on two different measures here that would seek to ease a lot of the pain from the government slowdown. mr. lamalfa: the sad thing is we can agree on everything the rep

morgan stanley which reported earnings doing very well. the stack has been climbing all year as you look at this chart here at 29.69. what is attractive here? >> mr. gorman changed the complexity of the company, lowering the volatile parts of the business, increasing exposure to money management, asset management, high margin and stable so the profitability of the company is increasing, and it's got about a 27-dollar tangible book and estimates next year are for 2.65 so i could see the stock going up to 34 or so. >>> let's take your last choice, which is not one i'm familiar with tcp capital ticker tcpc. what do they do and why do you like them? >> business development corporation and an reit. they don't pay earnings but pass along to shareholders. big banks are not lending much to companies anymore because of regulation and capital constrengths. this is one of the highest quality ones. they have a wide variety of industries they lend to a high quality medium sized and sit on the top of the balance speed with senior debt, variable rate and almost a 9% yield. i met with management this week. this is quality 8.5, 9% yielder and selling close to boo

mr. swan. 10-2, report back to base, now. any idea how the police ended up on the wrong side of town? ms. morganderground gambling ring. i just wanted to make sure the police discovered and stopped it. so you left the suv they were looking for near the building. of course i didn't. mr. reese took care of that. i was merely doing my civic duty. [chuckles] are you okay? i don't know. you're leaving your life behind. that's a scary thing. have you ever had to start over because someone was trying to kill you? you could say that. come here. jeremy wants me dead. he'll find me. vanessa, you're smart. you're strong. if i were jeremy, i'd know better than to come after you. i don't know if i'll ever feel safe. all right. maybe this will help. it's loaded. thank you. for everything. you're welcome. your, um, bus leaves soon. yeah. don't want to miss it. i appreciate you letting me eavesdrop. no problem. my lunch hour is over, though. better get back before cameron turns the troops...on me. something wrong, detective? most people think that sweaty palms or an increased heart rate are the only involuntary

mr. netanyahu says is all a ruse. coming up from a quote wolf in sheep's clothing the prime minister talked to piers morgan right hered said even though he doesn't trust president rouhani, he would still take his phone call. the telephone up and called you, would you take that call? >> yeah, we're not averse to calling. i'll tell you what i'll tell him. you want the sanctions lifted, stop your nuclear program. why do you need underground bunkers? why do you need icbms? the sole purpose of icbms is to carry nuclear pay loads not to israel, to europe and the united states. they already have missiles that reach israel. why do you need to enrich uranium. 17 countries, canada, mexico, sweden, spain is, switzerland, indonesia, they all have civilian nuclear energy programs. they don't have enrichment because enrichment, uranium enrichment is how you make nuclear weapons. if you want to convince us to drop the sanctions, drop your nuclear weapons program. no enrichment, no heavy water the other route to nuclear weapons. >> you'll hear more from benjamin netanyahu tonight at 9:00 eastern. >> on piers. now, the prime minister

morgan 5 minutes. as for fnc, we had far and away the most coverage and the highest ratings. now for reaction, joining us from north carolina mr goldberg. i have a theory about why all this is happening. before i do, i want to get your reaction to what we just presented. >> right. i think the hard nosed people, they accurately conveyed the disgust of the american people. so i'm with you on that, no problem. last week, reporters at the white house grilled jay carney about when the president knew about this. so hard news, again, i'm with you, no problem. but i do think that the so-called mainstream media, they went easy on president obama and chuck hagel at the defense department. if george bush were president when this screwup happened and donald rumsfeld were secretary of defense, they would have been hammered. bush would have been portrayed as a homeless dunce and rumsfeld as a bloodless technokrat. now, the blame hasn't been put on the president, even though you correctly said he could have signed an executive order. nor on hagel, god knows where he was during this whole thing, it's being blamed, where blame is assessed, it'

morgan freeman doing there. now you're going to talk to each other. this it is. mr. > brian: there is always something going wrong when morgan freeman is the president. >> yeah. that's one of the things people always ask me. like, what's funny, when you think about it, frank didn't have a question there. he asked himself five different things. robin williams, if you don't have a joke, you just switch voices. what he did is went from one voice to the next voice and didn't answer what the guy was asking. well dom a news program. those are talking points. ] sometimes we ask a question to someone who doesn't want to answer, they just say stuff that doesn't relatefy to what you're talking about. i was one of those guys, man! that never happened with me, did it? mr. cheney? what? here is how i would end a stalemateification. they're like, he's never going to get there! i'm the former president, man! what i would do is create a law. no stalemates. [ laughter ] that's good one, man. that would work right there. or you put them all in a room with miley cyrus and saying, i'm sa

mr. speaker, i think we're a day in front of halloween and here we are handing out treats to the likes of j.p. morgan chase, citi, and bank of america. it's fitting on this day that we should be doing the people's business and yet here we are, handing out treats and goodies to huge banks so that they can be allowed large financial institutions that never were held accountable, these institutions be allowed to use cheap, federally supported guaranteed backed deposits to invest in derivatives, very similar to what got our economy in this mess in the first place. wasn't it the great recession, wasn't et scary enough? weren't we in enough trouble? didn't we learn anything from the london fiasco? this bill, this bill called the swaps pushout bill, it undermines key sections of the wall street reform bell, the so-called dodd-frank bill, under section 716. now, this bill which is supposed to protect investors and cop sumers, in fact, right now, before the -- it seems like the ink is barely dry on it and they're trying to weaken it already. congress passed and the president signed this law to ensure that inv

mr. angeloni is giving a briefing right now at the ecb. while that is going on, we're joined in studio by chris. thanks very much for joining us. i see there's a morgan stanley survey. they reckon results of the survey suggest between five and ten of the banks be tested by the ecb and further tests could be raised up 40 billion euros. would that seem right to you? >> i would think the stress tests are quite intriguing and based on the different scenarios of unemployment levels and ratio rates and the bank's levels themselves in terms of the debt theorizing down. so i would say it's much higher than that overall. the balance sheet a couple of years ago in the stress tests. the european supervisor sets came out and said that it was about six or seven banks that were really im compared. i thought it was more like 30. >> what the ecb can't have is a stress test that is too weak. can they go over way and have one that is too stringent? >> the whole idea is to instill confidence in the eurozone. they're not going to create a test that makes the euro system look bad. they node to create one that's credible. >> what would credit knowledge look like? >> well,

morgan city, louisiana, and new orleans. and east to destin and indian pass, fle. -- florida. mr. speaker, this is a meage storm. we have to take it seriously system of this bill before us provides for continuing propings -- >> mr. speaker, may we have order, please. the speaker pro tempore: the gentleman is correct. the house is not in order. the house will be in order. please remove your conversations from the house floor. the house will be in order. the gentleman from texas is recognized. mr. carter: this bill provides for continuing appropriations to ensure fema can fully render assistance to the impacted states and fully support our citizens and our brave first respoppeders. mr. speaker, all of us are aware that the government is shut down despite numerous attempts to move forward. we have repeatedly offered versions of a continuing resolution to sustain this government's operations but to no avail. furthermore, we are -- we have offered to negotiate, to convene a conference and work out the differences in a professional and orderly manner but such offers have been removed out of hand system of mr. speaker,

mr. buffett and what david alluded to as well, is the underlying fundamentals and economy continue to improve, right, but the longer that the stalemate progresses, you're going to shave off morgan% of gdp per week as long as this goes on. the longer this goes on, the longer -- i think it's ironic that the group that wants government out of business -- get out of business's hair is now the group that is disrupting business. >> let's be clear about that, rick, for the record. more than 2 million federal workers, now going to get their paychecks delayed, 800,000 of them may never get paid for the time that they're furloughed. this conversation slightly worries me. all the comments seem on the same side of the fence. what is the contrarian view? >> the contrarian view is that the president is correct and this goes on for longer than people think and that we do sta start etching away at gdp to the point where the underlying trends begin to collapse. if that were to happen, then we have a very different outcome here, one that's more conservative than we're positioned and much more conservative than the consensus. >> for the moment, let's bring it there. >> rich bernstein and david ka