. >> let's see, tom miller. is your head up there? we'll come back to mary ellen. >>> tom miller, a.i. we've gotten good and clever coming up with new names to call chronic conditions, got a code, we can find a technology and bill to throw at it. you have a list of the ones that have had greater treated prefb lens. when you do your time series, what have we had any reduction in, in term of treated prevalence? what's gone off the list. great savings in smallpox. is it an added key to the keyboard? >> that's a good question. we've probroken these into i gu we have 260 that we've looked at, and i'd say most of them are fairly constant. i mean, obviously big ones like heart disease and cancer are getting improvements in. the one that has been the biggest d

. >> let's see, tom miller. is your head up there? we'll come back to mary ellen. >>> tom miller, a.i. we've gotten good and clever coming up with new names to call chronic conditions, got a code, we can find a technology and bill to throw at it. you have a list of the ones that you've had greater treated prevalence. when you do your time series, what have we had any reduction in, in term of treated prevalence? what's gone off the the list? great savings in smallpox. is it an added key to the keyboard? >> that's a good question. we've broken these into i guess we have 260 that we've looked at, and i'd say most of them are fairly constant. i mean, obviously big ones like heart disease and cancer are getting improvements in. the one that has been the biggest decline which actually adds to, you know, actually adds to a lot of the cost is trauma. the prevalence of trauma cases has gone done fairly substantially. that's a big reduction. but most of these have seen, you know, fairly substantial increases over time. a lot as i mentioned have

. >> let's see, tom miller. is your head up there? we'll come back to mary ellen. >>> tom miller, a.i. we've gotten good and clever coming up with new names to call chronic conditions, got a code, we can find a technology and bill to throw at it. you have a list of the ones that have had greater treated prefb lens. when you do your time series, what have we had any reduction in, in term of treated prevalence? what's gone off the list. great savings in smallpox. is it an added key to the keyboard? >> that's a good question. we've probroken these into i gu we have 260 that we've looked at, and i'd say most of them are fairly constant. i mean, obviously big ones like heart disease and cancer are getting improvements in. the one that has been the biggest decline which actually adds to, you know, actually adds to a lot of the cost is trauma. the prevalence of trauma cases has gone done fairly substantially. that's a big redux. but most of these have seen, you know, fairly substantial increases over time. a lot as i mentioned have been owe

erika miller. >> tom: morgan stanley c.e.o. james gorman says the firm followed all the rules when it brought facebook to the public. a morgan stanley spokesperson confirmed gorman told employees today speculation of "nefarious activity" is untrue.fnjj-xó a lot of cash. >> i think what we are going to find is that the disclosures were not false or misleading. and then you start getting into shades of gray. >> reporter: gray, because securities regulations allow companies going public to give institutional investors more information than is provided to retail investors, says columbia law professor john coffee. >> there is a lot of reason to believe selective disclosure occurred and that should embarrass facebook and morgan stanley. but embarrassment is not the same as legal liability. >> reporter: because big investors were reportedly warned about revenue problems at facebook, they won't be able to sue claiming they weren't warned. law professor david lipton says institutional investors may also be wary of suing the underwriters

erika miller, new york. >> tom: still ahead, success or failure with facebook shares dropping below their offering price as the day races on. >> tom: what a difference a weekend can make for investors. wall street surged high are today, better than 1% across the boards, stocks coming off their worst week of the year so far this year. last week investors today were reassured by comments from world leaders, they want greece to remain in the euro zone. we'll have more about the g-8 meetings in a moment. for today's closing data with the dow rising s 35 points, the nasdaq added 68 despite heavy selling of facebook shares. the s&p 500 added 20. jim awad is managing director at zephyr management. is the spring swoon over for stocks? >> no, i don't think so. i think that the basic problems that drove the market down remain, which are the worries in europe, the possibility of an accident there, and a freezeup in the financial markets. the worry about how bad the slowdown will be in china, the worry about the fiscal cliff that we are going to face at the end of the year. and then of course the iss

. >> reporter: erika miller, n.b.r., new york. >> tom: online video sites like that was two cents better than analyst expectations, and the upcoming feature, madagascar 3, to boost results through the rest of the year. that film is due out next month. >> tom: greece is no longer in default. at least according to credit rating agency standard and poor's. s&p upgraded greece's debt rating and improved it's long- term outlook to stable. the better credit rating doesn't mean greece's debt situation is healthy. it's new rating is triple "c," which is considered highly speculative, highly risky. >> tom: it was the less than encouraging news about hiring in europe and here in the u.s. that provided for a mixed stock market. while hiring seems to be slowing here, the unemployment rate in europe is at a 15-year high. after falling to its low of the day in the first hour of trading, the s&p 500 worked its way off that bottom to end with a just a quarter percent loss. trading volume rose on the big board, 779 million shares, while it was a little lighter on the nasdaq: 1.8 billion. leading the lose

erika miller, "n.b.r.," new york. >> tom: still ahead, we continue our look at veterans and jobs, with one program in the mid-west training service members for civilian jobs, before they leave the military. "nightly business report" is brought to you by: captioning sponsored by wpbt in formal summit in brussels. leaders of france anitaly voiced support for using european wide bonds to help the the news raised hopes for a concrete plan to keep the eurozone from falling into a severe recession. but, as suzanne pratt reports, investors have good reason to be skeptical. >> reporter: if you want to know what's happening with europe's financial crisis, look no further than u.s. markets. treasuries rallied again today, as the flight to quality trade is still popular. major u.s. stock averages initially tumbled, as talk about greece's potential exit from the eurozone heated up. and, stocks recovered when headlines from today's summit soothed investors. still, veteran trader art cashin calls greece the burning ember than could ignite a global inferno. >> greece is about the 39th largest economy

erica miller, nbr, new york. >> tom: as investors await that facebook stock sale in the weeks ahead our free market monitor guest says stocks are still attractive. erikry steuben -- ristuben. what about these disappointing job numbers, does that cause you pause to own stocks for the next few months? >> well, certainly it shows the economy of the united states has been growing at a robust rate. we didn't expect it to be. we think it's going to grow between 2.5 and 3%. with those numbers you're probably towards the low end of this rage, the six months, last six months taken in total average job growth just shy of 200,000, we think that is exactly what you would expect for about 2.5% growth. >> tom: but pull out here a little bit because we're seeing more economic sectors point to a slower economy, retail sales, manufacturing this week, the jobs number. in the meantime corporate earnings have been better than expected in the first quarter. so how do we balance these two together in the minds of investors? >> well, yeah, i think it's really about expectations. earnings are going to continue

erika miller, "n.b.r.," new york. >> tom: still ahead, we'll take you to one of the nation's top business schools, where finding a summer job can be tougher than understanding accounting. "nightly business report" is brought to you by: captioning sponsored by wpbt >> susie: coming up, we'll have more analysis on our top story-- that huge trading loss at j.p. morgan. noted banking analyst dick bove calls what j.p. morgan did wrong and a big mistake, but he's still recommending the stock. tom, we'll talk with him in just a moment. >> tom: susie, the securities and exchange commission is reviewing the j.p. morgan surprise. already, the loss is fueling the debate over banking regulation and more specifically the volcker rule. >> tom: that's the rule named for former federal reserve chairman paul volcker and it would stop a federally insured bank from making speculative trades for its own profit. darren gersh has more from washington. >> reporter: j.p. morgan chase c.e.o. jamie dimon has been one of washington's toughest critics. he's taken on the volcker rule, arguing its author doesn't under

erika miller, "n.b.r.," new york. >> tom: the fallout from j.p. morgan's big trading loss continues, as the loss may be worse than first thought. two senators have sent a letter to the nation's top financial regulators, and the bank's c.e.o. has been called to testify. sylvia hall has the latest from washingt. >> reporter: j.p. morgan's trading loss could total $3 billion. $1 billion more than announced last week. the losses are mounting as corporate credit weakens and competitors take advantage of j.p. morgan's position in the trade. the impact of the bank's bad bet continues spreading in washington. c.e.o. jamie dimon has accepted an invitation to testify to the senate banking committee. the white house is pushing regulators to beef up the "volcker rule," a controversial piece of the 2010 dodd-frank financial reform. it's aimed at preventing banks from making risky bets for their own profits. but the banking industry maintains the rule could limit the trades they can make for their clients. today, the trade group american bankers association sai

erika miller, "n.b.r.," new york. >> tom: still ahead, our "made in america" series, we head to san francisco to meet a few women runng a custom hat company that's almost 100 years old. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: it wasn't so much europe today that hung over stocks, but the american economy. a set of disappointing readings on the job market, accompanied with a regional index of factories weighed on wall street. manufacturing slowed in the midwest for the third month in a row. the chicago area institute of supply management index showed was down to 52.7. any reading over 50 shows growth but this is the slowest growth since the fall of 2009. the dow fell more than 26 points. the nasdaq was down ten. the s&p 500 was off three. tomorrow, we will get an update on the u.s. job market. but ahead of the government's employment data, we saw three disappointing reports today suggesting hiring is still sluggish. sylvia hall breaks them down for us, from washington. >> reporter: the first piece of today's bad news comes from the private sector. pa

[applause] your attorney general and one of my campaign coaches, tom miller. your state treasurer mike fitzgerald. [applause] i also want to think some people who have been keeping us fired up since the very beginning. [applause] we're talking about when we had the dinner, we're all going into rigid we're all going in together. the shell and i were dancing. she was dancing. i was trying to dance. it is good to be back among the friends. it is good being here with all of you. [applause] for five years ago it was you who kept us going. a lot of pundits in washington had written us off. it was on your front porches, it was in your backyard. our movement for change began. i love you back. [cheers and applause] you know, it was here where we came together to reclaim built the greatest and a class runner. and we believe in america that says success should not be determined by the circumstances of your birth. if you are willing to me your responsibilities, you should be able to own a home, start a business. you should be able to give your children a better chance tha

erika miller, "nightly business report," westchester, pennsylvania. >> tom: there's no business that celebrates violence quite like professional football. it's a multibillion-dollar-a- year industry built on brute force. but is it an example of putting profits over people? here's rick horrow. >> in business, it's commonly said that people are your most valuable asset. the unfortunate and untimely death of retired football star junior seau has reignited concerns that the n.f.l. needs to do more to protect its people, the players. while it's premature to blame concussions and brain trauma for seau's suicide, that shouldn't detract from the more pressing issue: the obligation a business has to its employees beyond just compensation. whether its stock options, vacation time and 401(k)s in fortune 500 companies, or unlimited medical care and a seasonal work schedule in professional sports, benefits tend to be a differentiator when prospective employees choose a new job. even in today's weak job market, people with the right skills are in high demand. just consider the talent war in silico