morgan's latest ten q what is a wells notice and why was j.p. morgan presented with a wells notice or why does it matter ok so a wells nose is kind of this special a little warning that the securities and exchange commission will issue financial institutions to say hey we just want to let you know we're going to sue you or we're going to deliver an a foresman action we're giving you a warning ahead of time so that he maybe you'll come back and settle it's kind of like they're calling their bluff why this matters legally is that when they issue this they have to actually the bank has to actually put that in the financial filing so their shareholders now so it's kind of like the f.c.c. is saying hey we're all guess what they did something wrong we haven't charged them yet but we're going to warn you ok so bear stearns are sorry j.p. morgan because a bear stearns sense got one of those in january we finally just learned. about this because j.p. morgan had to disclose it. and right now it doesn't mean that they've been sued by the c.c. but it means

dollars by mismanaging their proprietary risk assets or the fact that they fell to disclose as well as notice which is actually the more culpable crime then the certainly filled to disclose the wells no it's i think it's more that jamie diamond has been out there saying oh you know let's take this max in december jamie says in front of his investors that investor conference and tells them yes i realize we have fifty four billion dollars in residential mortgage backed securities that were being sued over but and this was an american banker story but i don't i don't think they're going to prove their claims ok so this is in december so in january then the f.c.c. comes knocking on their door saying no we do think you did something wrong and we're probably going to sue you so i think it's definitely worse that he's the nun lying the fact that this is a serious serious problem and let's take a look at what happened after that december meeting so fifty four billion right we learned that fifty four billion has now turned into one hundred twenty million dollars that's what they disclosed in their ten

and that's the wells notice why this is important because while all of this giant you know well two billion dollar loss out of their london derivatives desk well all that stuff is going on a while jamie diamond was over there on all the sunday talk shows saying oh we made a little mistake it was a little egregious mistake well terry bull who often comes on the show did a little research and looked at their ten q. and their latest statements s. you see tells j.p. morgan enforcement action coming over bears mortgage backed securities violations so j.p. morgan's latest thank you states quote in january two thousand and twelve the firm was advised by f.c.c. staff that they are considering recommending to the commission that civil or administrative actions be pursued arising out of two separate investigations they have been conducting so this opens up all the civil litigants against j.p. morgan to discovery they're allowed to now get a lot of this. nine out of ten hedge funds with any kind of performance are now short j.p. morgan stock all right so you're with thanks so much for being on the kai

with that low cloudiness, we are looking at the stratus deck bringing in higher clouds as well. notice the orange, really not until you get well into the east bay and maybe we will look for a cup he of 80s down throughout the hills of loss got toss but otherwise there's no 70s around the bay and temperatures just in the lower 60s in san francisco. here's another look at that low. you know, it's going to slide across the east and we will see the potential for higher fire danger in northeastern california, northwestern nevada. but locally it's just increasing that cool marine air, and we don't have any fire danger to worry about here locally. but by the middle of the week we will see those winds turnaround and bring us dryer weather. mid-90s for chico today and fresno with the 80s in yosemite. 74 in the northern sierra. look at palm springs with 107 and the low clouds and fog from north to south and a little bit of mist and drizzle this morning. but you will notice more of that tonight and in fact by your monday morning as well. we will look for the gray conditions. so overall today look

well. really notice the temperatures heading up. so here's a preview of your wean. santa rosa 76 on saturday going up to 80 then 82 on monday. take a look at livermore 78 and 82 and 86 degrees. so really going to run warmer than normal for this time of year by the time we head into monday. tomorrow morning like i said area of fog certainly a lot of cloud cover more time in the morning. and sweater or sweatshirt will do. cool to start things off. mid 40's to low 50's tomorrow afternoon a little bit warmer. upper 50's in places like half man bay with gusty northwest winds for the afternoon. 70 in santa rose napa 61 in san francisco out to concord livermore san jose all in the upper 60's and it ace sunny friday around the monterey bay 58 in monterey up to 70 degrees inland in gilroy. here's accu-weather 7 day forecast. it's a breezy afternoon tomorrow. a lot of sunshine. well see a warmer pattern. you will notice it trust me for the weekend and into monday. warm day on monday. 70's and 80's and then we slowly temperatures dropping off but really the pattern could not b

well. really notice the temperatures heading up. so here's a preview of your wean. santa rosa 76 on saturday going up to 80 then 82 on monday. take a look at livermore 78 and 82 and 86 degrees. so really going to run warmer than normal for this time of year by the time we head into monday. tomorrow morning like i said area of fog certainly a lot of cloud cover more time in the morning. and sweater or sweatshirt will do. cool to start things off. mid 40's to low 50's tomorrow afternoon a little bit warmer. upper 50's in places like half man bay with gusty northwest winds for the afternoon. 70 in santa rose napa 61 in san francisco out to concord livermore san jose all in the upper 60's and it ace sunny friday around the monterey bay 58 in monterey up to 70 degrees inland in gilroy. here's accu-weather 7 day forecast. it's a breezy afternoon tomorrow. a lot of sunshine. well see a warmer pattern. you will notice it trust me for the weekend and into monday. warm day on monday. 70's and 80's and then we slowly temperatures dropping off but really the pattern could not b

well, you can't really notice these differences for everyday speeds, but for really high speeds likeraveling about half the speed of light, these time differences can be noticed. let's take a look at the so-called twin paradox. well, bye. i don't know if i'll see you again. and while the traveling twin experiences weeks... the stay-at-home twin experiences years. you know, i think i'll just sit here and do nothing. that sounds like-- yeah, i'll do that. now, what? what? what is going on out there? ah, my goodness... hey. i don't believe this. look at you. - good to see you. - i must relax. i can't relax. i'm too old to relax. look at the size of this one, will you? could a situation like this be true? you bet it can. this is time dilation. we can see time dilation by comparing clocks from different frames of reference. say, from the earth and from a high-speed rocket ship. now, a clock can be anything that measures periodic intervals of time. to simplify, we're gonna let the ticks of our clock be periodic flashes of light. look at the light flashes emitted by the stationary rocket sh

well. you notice that there's not much in the way of iron artifacts out, and that's because we have to maintain them in the room in the back called the dry zone. it maintains an atmosphere, very table atmosphere for the artifacts. we keep the humidity level at no more than 20%. and i'll just run in there and bring out something pretty cool for you to see. isn't that looking into the eyes of history? these are elements from what's known as a closed bergonette helmet. it's the visor and what's known as the bafor or the children protection piece here. this is actually the top of the head. so, this has been switched around -- you know, flipped around. and what's neat is that they actual actually dissembled this on purpose. you could see where the two elements would hook together. it would hook there and it would hook into the piece right there. and they're adapting to their environment. they're finding this too cumbersome probably to fight the indians wearing all this gear. so, they're taking this off the skull piece, so they still have the head protection without this part of it. this was found in

. >>> well many will notice some big changes on their drive home this afternoon. cal trans is pose surrender pieced -- supposed to stay on to 3:00 in the evening. the metering lights are designed to improve highway safety. >> the most important benefit is the safety element and because car merge, it will make tag safer environment. >> cal trans is adding metering lights as well. >>> we have news to tell you about in oakland. right now firefighters are battling a structure fire. huge scene behind you. >> reporter: absolutely, we are at 27th and martin luther king. i am tell you when we got on the scene there were several firefighters venting this fire and they got off for safety reasons and the flames pushed through the roof of this home. it house is abandoned and we don't know who spotted the fire and we drop up and again this is 27th and martin luther king and you can watching an active fewer fight. they have now retreating and there is another crew taking a ladder off their truck and bringing it in. at this point we are not talking to them because they are busy

she went to check two years ago and noticed -- well, seven years ago she was on 5000 on the list. two years ago she realized she was no. 9000 on the list and wanted to know how that could possibly be. but there were circumstances where people were given preference, and that was of great concern to her. she has also tried to apply for other senior housing and there were 500 slots on the waiting list. she was at four hundred 99. they said that possibly within 10 years she would get a place. and there is also the lottery -- right. >> [speaking spanish] >> she has 30 years of living in your current location, and she did participate in a lottery for senior housing. she was number four hundred 99 -- 499 in that lottery, which did entitle her to be on that list. she rose on a fifth floor apartment -- >> [speaking spanish] cracks her situation is very complicated in regard to the housing requirements -- >> hur situation is very complicated regard to the housing requirements. david pryor her to leave the housing and and get back on a lower level, which -- they have required her to leave th

. >>> well, you might notice the roads in oakland are getting a little less bumpy as the continue its annual blitz to fix her than 3500 potholes. this is the third week of the concerted effort. this morning workers were on 13th street between market and brush streets. this week crews are rebuilding parts. road bed instead of just filling the holes. so the repairs last longer. >>> good afternoon to you. relatively cool day around the bay area. partly sunny to partly cloudy skies expected. temperatures right now, holding in the 60s. giving you a live look over the city. and you can see a combination of clouds out there. we have the low cloud deck. we have mid to high level clouds streaming overhead as well. we're looking at a pretty good burnoff by the second half of the day. you can see socked in pretty good. the marine layer about 4,000 feet deep. most of us will end up with partly cloudy skies this afternoon. even some drizzle reported in santa cruz. the winds are generally light but could pick up once we see the cloud cover start to retreat. 62 degrees right now, oakland. low 60s, s

have you noticed a difference? >> well, i've noticed people working really hard to make changes and putting in a lot of programs and doing a lot of different things to try to prevent suicides. and i know that the leaders really care. but we've got to do more. we've got to know that if we're asking our troops to go in harm's way over and over again and to be exposed to all kinds of trauma that people shouldn't have to see as human beings, we have got to expect them to need psychological care the same way that they need physical care. i felt like it needs to be incorporated in the treatment when they come back, that everybody is expected to have psychological care as well as their physical care. >> kim, i think it's important to note that you personally work with families that have lost loved ones and you have something coming up this weekend, don't you? >> this weekend we have about 100 survivors of military suicide at our event. and then in october, we get about 500 survivors of suicide, and a good grief camp for children,

notice my accent. we have a group here from brazil as well. even in brazil, we have been sending since the everywhere and the results are just awesome. we're so happy for your success. congratulations, you are all beautiful. that is what i love about the sense the users to call in.

well you never notice it because once it starts to pick up specialists quickly eliminate the problem acting like an ambulance so far we haven't noticed it but we're close to reeling gave us that's right. this is and then shouldn't bell ringing. for setting up melodies at the tower it's almost two and a half meters in diameter and what is a single it's the national anthem of russia. this . develops strikes the melody of russia's national anthem every six hours cables run from the drum below to the very top where the chime in the bell tower. well here are the bells yes we're in the belt. if you look up you'll see it still has a wooden sealer. forty eight bells hang here in imperial times but were lost during the soviet era today the chime sings the russian anthem with ten bells and a few metal beats up here at ten stories of the ground it's always very windy. we've got to go now because the main bells and us are ringing and we are risking mccarrick death and also it's very cold so we're getting out of here. being from the noises of the bells just a few minutes later i found myself near

well. >> i noticed that when you did the bush mask you did a carter quote with a clinton impersonation.urpose or were you high? >> truly when it comes to characters, voices and overall acting ability, i am the ashton kutcher of "red eye." call back! >> would you do "jeopardy"? i have a feeling you would kill. >> no, i don't want to do it. i would rather do "the price is right." i am making no sense. just ignore me. >> i will. >> i think you should do it. >> would you do "jeopardy"? >> no. it is an annoying show. >> alex bothers you? >> very much so. did i mention my family? >> that would have to be the category. what are family? >> famous bible people for 100. moses. >>> don't leave now, there is more stuff to talk about, i guess. not sure. >>> well, no one asked for. it but they will get it anyway. i read this before, and how about another "red eye" where are they now? surely you will remember this little guy. >> that was in 2009. russell is widely considered to be the first frog to ever achieve enlighten meant. he developed his signature relaxation style on a tibetan vacation in 2006

well. we notice that the polls seem to be closing between romney and obama among women.too early. i don't think they are going to fix it. i think they are going to stand by the legislation they are proposing and they're going to get hoisted on their own. i don't think the women in this country can support these policies unless they fall for what i'm now calling propaganda that they are related to jobs and improved economy and there's no correlation. >> the latest nbc news wall street journal poll shows president obama with a big advantage with women. 53% to 38%. does this have to hold for him to win? >> i think it will hold. there is some part of the female vote that is closing for romney, but it's the party of the vote republicans usually always have, married suburban women who tend to lean further to the right. the problem i have with republicans are employing is look, we have women too. >> and i have a black friend. >> i was just going to say it's like their ethnic strategy. they say look, here is a black guy. look at him. that doesn't really work. >> herman was so cu

well, what you immediately notice about these ideas is, first, that they all -- crucial constitutionaldeas, lincoln held before he became a lawyer in 1836. he could have had all of these ideas without stepping one foot inside a courtroom. when i read this review of mcclellan's report that said lincoln's faults as commander in chief stemmed from his being a lawyer, that really caught my attention. i doubted that. and i doubted that the law had such an influence on lincoln's conduct as commander in chief. but then i had a clue to where to look. if it's not from that, where do you look for the sources of lincoln's ideas as commander in chief? and i think you look to his youth, to his very early years, and that's what's new about what i'm going to say today. i used to do what i think most military historians have done, and that is attempt to explain lincoln as commander in chief by what he learned during the civil war. a kind of tough on the job training. and so, like most other historians, i tended to play down, to note only in passing and generally to make light of lincoln's limited mili

well. >> i notice that -- at the end of the day, though -- >> i don't think anyone, rallies, within the royalare heir. they are, you know, when they do things together it has huge impact, whether it's an overseas tour to africa or whether when you see them coming together for things like a royal wedding. and at the jubilee this year. so much impact together and therapy aware of that and they use that. >> reporter: the arrival of the duchess of cambridge into the family, served only to strengthen those bonds. in fact, harry gets on so well with kate, he's described her as his sister, rather than sister-in-law, and in the course of making this program, cnn discovered that harry has now moved into an apartment at kensington palace where william and kate have already set up home. the two brothers wanted to be together, we're told. something harry has talked about in the past. >> despite me having sort of maybe uneasier -- of trap, and that i must not forget his life is going to be harder and more demanding and i need to be there for him whenever he needs me. >> reporter: royal forces say harry wo

some showers around by 9:00, showers around at 11:00 as well and notice the temperatures stay fairlyropping into the upper 60s by late, late this evening. one batch of rain passes through and actually, we had good rain out of that. a .1 of an inch. some plates might be more than that, a nice steady rain moving out and look to the west, though. we so more and this is not much. granted it's thunderstorms in west virginia, a lot more into southwestern secs of virginia and this still has to come across and that is why we're keeping at least showers in the forecast later on this evening and some passing showers overnight tonight and what i want to show you now farther to the north and west, this is a system coming from minnesota and wisconsin there and this is indicative of colder air coming in. so, once this moves through, this funnel system eventually will drag some cooler air down and we're talking sunshine on thursday afternoon. friday, and temperatures are going to be in the upper 60s and lower 70s. the humidity we have had will vanish and at least for thursday and friday into saturd