tv CNN Newsroom CNN May 14, 2012 8:00am-10:00am PDT
a highly trained and specially skilled fbi agent. they fear that he's armed and suicidal. search teams are searching through rugged areas outside of burbank where dogs are following his scent. alina cho is following the story. do we know why his family called this is and are so concerned? >> ultimately we don't know. that's why this story is so bizarre and so confusing. remember, this is a man who is married. he has a 1-year-old child. a son. seemed to be happy at work. liked by his colleagues. never had any disciplinary problems. we are told that he's an avid hiker and runner. dogs had picked up his scent east of burbank. so far nothing has turned up and they have since fanned out and they are looking all over los angeles county right now. >> what did special agent steve
gomez say? >> he believed that ivens is distraught and that he's possibly suicidal. what is interesting about that though is that they would not comment on exactly why they believe that to be the case but obviously they have reason to believe that is indeed the case. they did search his home. they looked for his handgun. couldn't find it. at this point they are assuming he took his handgun with him. >> do they believe he's still in the los angeles area? >> not sure. we can tell you this is the third day of searching. he was last seen on thursday night by his wife as she was going to bed. when she woke up the next morning he was gone. he just vanished. she called into authorities at about 7:30 in the morning on that friday. the search is the biggest in the burbank area in 20 years. 100 fbi agents. 40 sheriff's deputies and dozens more law enforcement agencies so all hands on deck for this
situation. >> okay. we'll follow it. thanks so much. it may not come as news that if you lose $2 billion of your company's money you're probably going to lose your job. we're talking wall street. a bank that had been considered rock solid. the battle days of the meltdown are still fresh in our memories. a name you probably never heard of, ina drew, is the financial headline of the hour. she was the jpmorgan chase executive who oversaw the disastrous trade that her boss spent the entire weekend explaining. >> it was a stupid thing that we should never have done but we're going to earn a lot of money this quarter. it isn't like the company is jeopardized. we hurt ourselves and our credibility, yes. that we have to fully expect and pay the price for that. >> christine romans joining me from new york to tell me more about what she did and why it matters to all of us. >> she made about $15.5 million last year. high profile woman on wall
street after 30 years with the company. now she's out. forced to retire after that $2 billion trade that jamie dimon, ceo of jpmorgan says never should have happened in the first place. the company was making hedges about the direction of the economy. it started to turn sour and they found themselves with a position in credit default swaps. remember that phrase? they found themselves in a position that was going bad and they started to lose a whole lot of money and this is one of the reasons why people who have been calling for more oversight of wall street and risk. they say for these big banks there's a lot of risk and risk is back. elizabeth warren is one of them for a long time said banks are too big, too complicated. this is what she said today about jpmorgan and the situation. >> there's been a guerrilla war out there in which the largest financial institutions have been doing everything they can to make sure that financial
regulations don't get put in place and if they do get put in place, that they are loaded with loopholes and not very effective. >> and quite frankly people in washington have been saying that she's one of those people who has been on the other end of that war with the big wall street banks so you can clearly see a $2 billion trading loss has turned into a big fight between people who want more regulation on wall street and the banks themselves who say don't regulate us anymore. that will slow down the economy. >> before i let you go, what's going on at yahoo!? it's like a resolving door in the ceo's office. >> another big story this morning. we've been telling you about yahoo! and how scott thompson had been under investigation by the company for embellishing or exaggerating his education credentia credentials. he has left. sunday he left the company. been a big distraction. "the wall street journal" is reporting this morning that he
told the board before he left that he's beginning treatment for thyroid cancer. what started as a resume problem has now turned also into a medical problem so this story gets stranger by the minute. scott thompson at yahoo! now out. >> christine, thanks. more fallout from the chase debacle. a sell-off on wall street with bank shares leading the way down. >> of all times i've been live in iraq, what went through your mind? >> this is the geographic south pole. yoyou u cacameme t to o th. bebecacaususe e heherere a at, wewe'r're e ononlyly a abob. fifindndining g yoyou u ththe e isis a allll w we e do. wewelclcomome e toto h hot.
a quick note for all of you heading out the door, you can continue watching cnn from your mobile phone or heading to work, watch cnn live from your desk top. go to cnn.com/tv. 49 bodies scattered on the side of the road and we don't know if any of them are american tourists. it was a grizzly discovery in mexico just 80 miles from the texas border. it's going to be hard to identify the victims. their heads were cut off and their hands and feet were mutilated. a brutal crime. the main suspects of course drug
cartels. in just six years more than 47,000 deaths in mexico. all blamed on the drug violence. we get more now on who these victims might be. it's very much a guess, yes, because of the way the bodies have been found. >> authorities are looking at two very distinct possibilities at this point. one being that they might have been people involved with two of the most powerful cartels in mexico. the other possibility according to a prosecutor is the possibility that it may be central american migrants. let's listen to what he had to say. >> translator: in the last few days we haven't had reports of large numbers of missing people. that's why we believe it's a possibility the victims could be from a different state or migrants. we're not ruling out any possibility at this point. >> nothing is confirmed yet. they are trying to identify many of the bodies as we said before these bodies were decapitated
and missing extremities. >> if they are migrants, why would they slaughter them like this. >> they are very vulnerable. these are migrants traveling through mexico in an effort to get to the united states. they have been robbed and many of them have gone missing and also they are forced to work for the cartels either taking drugs into the united states or working in labs producing drugs themselves. >> this is 80 miles from texas. that's a pretty big corridor, right, for drug trafficking there on the border. >> this particular road has been very violent in recent months because of the turf car being played out. the president says at the bottom of this, bottom line question is this is all due to the insatiable appetite for drugs and this is what he said a few weeks ago when asked about the issue in mexico. >> translator: the key is to cut
off the flow coming from up north. because if criminals in mexico didn't get $15 billion a year from american consumers, we would have been able to finish them off a long time ago. >> also, kyra, american officials acknowledging that it is a shared problem and they are offering a shared solution. there's the initiative in which the united states is giving mexico resources to fight against this. >> you know, for a lot of americans, they hear mexico and they think this is where i vacation and take off for the summer. what do you tell our viewers that are nervous about going into mexico? >> that the tourists places they know like cancun are for the most part very safe. this kind of violence is concentrated in the north and states south of texas, south of new mexico, south of arizona. mexico city very safe. the other cities that people in the united states, canada and europe know very well for the most part are very safe.
>> got it. thanks so much. the mexican government is offering a $2 million reward for information leading to the arrest of leaders of those two main drug cartels operating in that part of mexico. is rehearse. maybe you should try every door direct mail. just select the zip codes where you want your message to be seen. print it yourself or find a local partner. and you find the customers that matter most. brilliant! clifton, show us overjoyed. no! too much! jennessa? ahh! a round of applause! [ applause ] [ male announcer ] go online to reach every home, every address, every time with every door direct mail.
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it's been more than a month since a cease-fire went into effect in syria but deadly clashes between rebels and government forces are continuing every day. thousands of syrians have fled into neighboring turkey to escape the brutal assault by forces of president bashar al assad. anderson cooper joining us from turkey near the syrian border. you had a chance to visit refugee camps. tell us what the conditions are like at this point. >> reporter: well, there are about 23,000 refugees here in turkey. 70,000 syrians have fled syria over the last 15 months since the protest begin some are in lebanon and some are in iraq. the camps are well run and they are safe. it's not home. just about every person that you talk to here will tell you they want to return to syria but they're not willing to do that
until the regime of bashar al assad has fallen and they are doing whatever they can to make that happen continuing to send people into syria to take part in the so-called free syrian army though as you know the organization there simply doesn't really exist and they really don't have the weapons at this point to take on the syrian regime though we have seen renewed fighting in a town north of homs which is an opposition controlled town. syrian forces attacking that down for several days. we've also seen violence spillover into lebanon and tripoli fighting with sunnis that live in tripoli and it's reflecting the same violence we see inside syria. a lot of frustration in these refugee camps that international community is not doing enough. there are 100 u.n. monitors inside syria but for people on the ground they say that's too little too late.
they need weapons training armorments to take on the syrian regime. >> every time you go in country and you cover humanitarian crisis like this, you spend time in these camps. you talk with the people. when you even mention the fact that a cease-fire has been called for and that there's been this plan of action to do something about this, yet it's been going on for months and months and months, what are they telling you with regard to what they believe in, don't believe in, what they want? what they expect even from the united states? >> reporter: there is certainly a lot of disgust with reaction by the international community in these refugee camps. that's understandable. there has not been the international support besides rhetoric and words that a lot of these refugees hoped for. they say 1,000 people have been killed since the u.s. cease-fire plan was adopted. there really hasn't been a
cease-fire. the fighting has continued all along. the violence continues. people are continuing to get killed and continue to fight and i think there's a lot of frustration and disgust and they kind of wonder how will anything actually change. at this point the opposition fighters, rebel groups who are fighting inside syria, the free syrian army, they are not strong enough to overthrow the regime. we see an increase in suicide attacks. we saw some in dam ascus the other day. the regime is not strong enough to destroy the opposition. the opposition isn't strong enough to overthrow the regime. it's not clear how this will end or if it will end any time soon. >> anderson cooper live from syria. you can watch "ac 360" tonight. anderson will be live from the syrian border at 8:00 p.m. eastern time right here on cnn. you ready? we wanna be our brother's keeper.
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year. the announcement was made less than 15 minutes ago after meeting with the school board of trustees this morning. now, this comes just as the backlash following hazing death of robert champion. since the death last year the band has been suspended. extending the band's suspension is necessary to be restructured and for the school to set new rules. 13 people have been charged for allegedly taking part in champion's death. just last week band director who had been on administrative leave stepped down under pressure. more on this story in just a second. here in atlanta, fighting a gruesome battle against flesh eating bacteria. that's what 24-year-old amy copeland is doing at a hospital in augusta, georgia, and signs she's making gains against what seems to be an impossible enemy. medical experts are actually calling amy's recovery astonishing, and even
mind-boggling. this hour doctors are fighting to save amy's hands and her right foot. here's what her dad said on "starting point." >> the doctors are doing the best they can to try to save as much of her extensions or her hands as they possibly can. it's day by day or even hour by hour. >> and just two weeks ago aimee had a busy full active life until she went zip lining near a river 50 miles west of atlanta in georgia. that homemade zip line snapped and sliced open her calf. days later they found flesh eating bacteria consuming her muscles and invading her body. you spoke with aimee's dad on friday. if you read the blog, he said it's a miracle what's happening because a lot of people thought she wouldn't make it. >> i spoke to him this morning as well. he told me this.
obviously aimee has a tube down her throat to regulate oxygen levels but the family has gotten good at reading lips at this point. they were able to read two questions very had. first is her thesis seeking a master's degree in psychology and is concerned about missing so much time toward her thesis. she was also concerned about her job. she asked about missing time for her job. her dad said that gives a good example of her work ethic but he assured her she'll be okay and people understand what she's going through. >> she's been communicating then a little bit. >> as best she can. >> amy's dad was saying that she's not sure what happened to her. her memory has been impacted by this. >> there's that. you also have to keep in mind she's on a lot of medications right now. the family is obviously keeping a close eye on her health at this point. they are very optimistic about
her recovery. here's what they had to say this morning. >> we really don't see the suffering side of it. we see the miraculous survival. when we told her how long she had been at the hospital, her eyes widened in horror. i have to work on my thesis and then her eyes grew large again. the nurse came in who is better at lip reading and looked at her and said i think she's saying job. i said aimee are you worried about losing your job? she nodded her head. >> obviously everything she's gone through after that surgery she went into cardiac arrest and it's been an uphill battle to maintain but her family is optimistic and she's improving day by day. >> we'll follow this every day. there are a lot of parents paying close attention to this
story. if you don't mind while i have you because you have been reporting on the famu story. we just reported what was decided and that the band is going to be suspended. there's a lot of critics coming forward say this should have happened a long time ago and it wasn't the first time the band had been held accountable for hazing. what's your take on this and could it go longer? do you think it will just be for a year? this is a huge program and a money maker for the school. >> the first and foremost thing i spoke to robert champion, robert champion's father. he said any step toward ending hazing is a good step. that's the only statement he gave. he understands what's happening there on the university campus. he appreciates the fact that these steps are being taken. the band will stay off the field for the 2012/2013 season and it's the school's money maker. a lot of people would want to see this band but you did hear the university president say that he hopes that people will understand the school is trying
to take steps to reorganize the management and also make sure that culture of hazing does not exist in the band. >> it's got to go. just cannot be tolerated on any level. >> yeah. all right. george, thanks so much. working both stories for us today. appreciate it. >> double duty. >> the prosecution has rested and now comes the defense case in the sensational federal trial of john edwards. as you know, the former democratic senator running mate and presidential hopeful is charged with lying, conspiracy and campaign finance violations. all of it stemming from an affair with a campaign staffer who had his child. the defense says that almost a million dollars edwards took from two wealthy patrons amounted to gifts and not campaign contributions and on friday the judge denied a defense request to throw that case out. the disturbing target is being sold online. notice the hoodie, the bag of skittles and bottle of iced tea in the right hand.
details in the trayvon martin shooting. according to an affiliate, an unidentified seller is trying to turn a profit from this case by selling these paper gun range targets. george zimmerman, the neighborhood watchman charged with shooting trayvon martin, will soon get all of the evidence prosecutors have compiled against him. zimmerman's defense attorney says he expects all of the prosecution's discovery sometime today.
right now, you can continue watching cnn from your mobile phone and watch cnn live from your desk top. just go to cnn.com/tv. he wasn't at liberty to talk about mormonism or partisan politics. at least not directly. over the weekend mitt romney was at liberty, liberty university, to try to convince the christian right that he's not so different from them. at least when it comes to fundamental principles. >> culture, what you believe, how you live, matters. as fundamental as these principles are, they may become topics of democratic debate from time to time. so it is today with the institution of marriage, marriage is a relationship between one man and one woman. >> i'm pleased now to welcome romney's host for saturday's address. the president and chancellor of
liberty university and son of the school's founder, jerry fallwell, jr. chancellor, overall, did romney win over evangelicals or is this a good start as tony perkins stays. >> i don't think that was his purpose in coming to liberty. we invited him to be our commencement speaker. it's about our graduates and accomplishments. many graduates said after his speech that they were worried it would be a campaign speech, they didn't want their graduation speech to be political. and they were very pleased that it was not political and it was about them and about their future and i think in that sense he made a lot of friends here saturday. >> chancellor, let me ask you, you quoted your father in your introduction saying that christians should vote for candidates based on their political views and not their faith or theology. were you actually telling your school and followers that romney's mormonism is a
nonissue? >> well, there were a few complaints from very small minority of students before the speech because he's mormon and we're an evangelical christian school and have 80,000 online students, 12,500 here in residents and the world's largest christian school but i have to explain to that group that we traditionally have had speakers from all faith and some no faith all-to give a well rounded selection of speakers from all walks of life. i was trying to communicate to everyone that liberty is a nonprofit institution prohibited from endorsing candidates and his appearance here was not an intuitional endorsement. i also wanted to add that we believe and my father always believed that when you elect a. you're not electing pastor, you're electing a commander in chief. you should choose -- a christian should choose a candidate whose position on political issues are aligned with their own and not a candidate whose theological
issues are most closely aligned with their own. i started to make a joke about how jimmy carter was a good southern baptist but some didn't find his political positions palatable. i refrained from doing that at commencement. it was for folks that are confusing theological values and political values and i want to distinguish the two. >> it's interesting that you mention that you don't endorse. you introduced romney as the next president of the united states. that wasn't an endorsement? >> it was a prediction. not an endorsement. >> interesting. >> i'm an attorney so i get accused splitting hairs like that. >> your an attorney so your word choice is very interesting. we could kind of say that a prediction is a bit of an endorsement. >> it was a prediction. that's all. it could turn out to be wrong.
that's my political forecasting. >> are you going to vote for mitt romney? >> i've said all along that i would support whoever becomes the republican nominee. i've not endorsed anyone up to this point. individually i will. that's still my position. i will support and vote for whoever is the republican nominee this year. >> we talked that romney's speech was heavy on faith and values and pretty much devoid of partisan rhetoric. let me play a little part of that speech from this weekend. >> central to america's rise is the vision of goodness and possibilities of every human life. the american culture promotes personal responsibility, the dignity of work, the value of education, the merit of service, devotion to a purpose greater than self and at the foundation
the family. >> here's my question taking that to heart. not once did he mention mormonism. didn't say the word mormon. do you think that he should just give a flat out speech on his mormon faith sort of like jfk back in 1960 when he addressed his catholicism. since he sort of did it in 2007 with his speech on mormonism, should he just go ahead and come out and talk about it and then move on? >> i think americans have gotten past that. i think in 1960 it was necessary for john kennedy because he was our first roman catholic candidate for the presidency or first one to win. americans have moved beyond that now and most americans understand that for a candidate it's important what they believe on the political issues, not their religious faith and that's what i was trying to communicate to our audience.
i believe that his warm reception at liberty university is a good indicator of how evangelicals nationwide will support him in the fall. i say that because liberty is largest christian university in the country and in the world and we have a good cross section of evangelicals from all denominations and all faiths. if anything, his appearance here and warm reception bodes well for his electability. >> one final question. maybe two if you don't mind. you did mention some of the students that were protesting this commencement speech. and i was reading through the facebook petitions and even one student cited your own theology course there at liberty that labels mormonism a cult. what's your response to that and the fact there were a number of students that came forward and said this shouldn't be happening and this is not what liberty preaches when it comes to mormon
religion? >> liberty has no official position on mormonism. our statement does not define mormonism as a cult. there are hundreds of professors here and i'm sure you could find someone like the professor who authored that course that you just mentioned. i'm sure there are some that believe it is a cult. that's not part of our doctrinal position and not our official position. we've had speakers from every -- like i said before, from every faith and we had ben stein as our speaker three years ago. he's jewish. we had glenn beck. when i graduated from liberty in 1984, the speaker was terrell bell, also a mormon. we try to expose our students to leaders from all walks of life. i did have to explain a little bit but complaints we received were in the hundreds and when you have 93,000 students, that's a very small percentage. most were extremely happy with the choice and were grateful that the nominee chose to speak
at liberty university. this was a big weekend for our little corner of virginia. the first lady spoke at virginia tech just up the road. the presumptive nominee for the republican party spoke at liberty. things like that don't happen in this part of virginia very often. most were very, very excited. >> chancellor jerry falwell. appreciate your interview. >> thank you, carol. >> liberty is the largest christian university in the world by the way and now claims to be the largest private four-year university in the nation. e agrees. with fancy feast gravy lovers, your cat can enjoy the delicious, satisfying taste of gourmet gravy every day. fancy feast. the best ingredient is love.
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controversial magazine covers are nothing new and if you saw "time" magazine's cover with the breastfeeding kid, you'll know what i'm talking about. "newsweek" may take the cake with this one. president obama, the first gay president. if the headline doesn't grab you, the rainbow halo probably will. okay, guys. the president announces that he supports gay marriage. "newsweek" prints this. did the magazine go too far with this one? keith? >> yes, they did. this is offensive to me. almost as offensive as the
notion that president clinton was the first black president. president obama is not the first gay president. it's a ridiculous notion. this is a trivial ploy to sell magazines and it also confirms and reinforces silly stereotype that you have to be gay to support civil rights protections for gays and lesbians. this is bad on all counts. >> i agree with keith. there's a fine line between being edgy and silly. this charges into absurd territory. i think "newsweek" is reducing the gay identity to camp. i guess i'm expecting chris christie to be our first female president because he's an emotional eater or something. it's ridiculous. >> he's not president yet. thank god. >> and there's still talk about vp. this could be another discussion. and then there's kentucky
senator rand paul. take a listen. >> the president recently weighed in on marriage and, you know, he said his views were evolving on marriage. call me cynical but i wasn't sure that his views on marriage could get any gayer. >> anyone offended here or is this just kind of obvious political feeder? keith? >> i don't know whether to be offended or just to feel sorry for him. it just seems like a stupid remark, the idea that, again, this whole stereotypical assumption you have to be gay to support gay rights. you would think somebody like rand paul a united states senator, would know better than that, but i think it's part of the whole pattern of the republican party to have complete disregard for the lgbt community, for not understanding the various constituencies that make up the united states, for understanding we're all together in this and we don't have to be divided by race or class or ni
other issues they use against us. >> amy? >> well, i think rand paul is way out there on his own on this one. i do not understand it whatsoever. was he referring to barack obama having a hairless chest, wearing well-fitted suits? it was completely ridiculous. i don't think the republican party endorses rand paul's views on this matter whatsoever. >> well, so far this is like not even a debate. amy and keith, the two of you should be on a ticket together. >> normally i don't agree on amy with anything. this is really weird. >> here is where i guess i would disagree is that i think the press is overlooking the fact that the republicans in 2010 in the midterms did get 30% of the gay vote, so this idea that the gay vote is monolithic, that it's focused on gay marriage in particular is really unfair and untrue. >> i actually agree with you, amy, i hate to agree again. >> oh, no, we're trying to make controversy here. >> i don't think the lgbt community only cares about the marriage issue, but i think the
fact that mitt romney has taken this position is not only against gay mare rang but also against civil unions, with i is more to the right than george bush and dick cheney, i think that puts him out of the mainstream and i think that's going to really hurt him in the election in the fall. >> i'm going to get one more question in because i just had a chance to interview jerry falwell, the clans chancellor at liberty. mitt romney give the commencement speech there. now president obama is going to give the address at barnard college in less than an hour. it's an all-woman college. here is my question, apparently the president invited him to speak -- invited himself to speak there. are college commencements the place to get political? keith? >> well, it's not surprising that the president of the united states, a politician, is going to be political when he gives a speech.
we don't know what he's going to say, but he's obviously trying to appeal to women, to students, trying to appeal to young people. that's not unusual. presidents always do that. this is not a big thing. mitt romney, even though his speech wasn't overtly political at liberty university, it was extremely political in the sense it was given this dog whistle message to the conservative evangelical voters out there who were waiting for some sign that mitt romney understands them, so always presidents and politicians are political when they give these types of speeches. >> amy, 20 seconds. >> i would say it's always an honor to have the president of the united states speak at your university. of course it's political, it's an election season. speaking at a women's college, i don't know how cutting edge or progressive that is. the ivy league has been coed for four decades. i think the only people who care about this are older liberals and they're voting for president obama anyway. >> that's "fair game." we'll leave it on a happy note. thanks, guys. ♪
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a nervous and camera shy mark zuckerberg. >> sorry, can i start that a different way? i'm like so not on today. >> reporter: sits down for a cnn interview. mark, can you just say your name and pronounce it so nobody messes it up and they have it on tape. >> sure. it's mark zuckerberg. >> how would you like to be identified, your title? >> founder and ceo. >> reporter: outside of silicon valley he was such an unknown quantity, our producer had to ask the most basic of questions. how did the company start? >> it didn't start as a company. i was a sophomore at harvard and we needed to -- i've never really been asked how the company was started before. >> how did facebook start? >> i'm embarrassed. you would think i would have been asked that like a ton of
times. >> reporter: speakingwise, he may have been rough around the edges, but even then it was clear zuckerberg had a laser-like focus of what he wanted facebook to become. >> we view the site as an information director. it helps you better understand what's going on around you, and once you're better informed about the people around you, you're in a better position to meet people. >> reporter: like bill gates and steve jobs before him, zuckerberg is one of those rare ceos whose pioneering accomplishments, fame, and persona, make him an especially compelling figure. >> in private i think mark is a pretty entertaining, engaging fellow who is funny, who has a lot of friends. >> david kirkpatrick is what you might call a facebook historian. author of "the facebook affect." >> he's much more relaxed in private than he is in public. i don't think even to this day he would like to be as much of a
public figure as he is. if it's up to him he was mostly be in front of a computer coding because that's what he loves to do. >> is facebook your dream job or a steppingstone to something else? >> definitely not a steppingstone. i don't necessarily think about what my dream job would be, but i guess this is pretty cool. i get to build what i want. that's awesome. >> reporter: it's interesting to get a glimpse of facebook's small office back then. notice the newspapers on the desk. it was only six years ago, but this was preiphone and ipad. the one thing that hasn't really changed, zuckerberg's attire. t-shirt and sandals. also unchanged and most important -- >> hi, i'm mark zuckerberg, founder of facebook. >> his core vision for the company. to use technology to connect people to their friends. >> i'm not building a company for the sake of building a company or because i think it's a good way to make a lot of money. i think the philosophy this company has is that you solve an important problem and then you have the ability to have a good
business, but the basis of all that is solving an important problem. >> reporter: dan simon, cnn, san francisco. >> and as we mentioned, the facebook initial public offering is set for friday. cnn's extensive coverage all week leading up to that highly anticipated event. thanks for watching, everyone. you can continue the conversation with me ob twitter at kyracnn or on facebook. cnn "newsroom" continues now with suzanne malveaux. live from cnn headquarters in atlanta where it's 12:00 noon, 9:00 a.m. on the west coast, i'm suzanne malveaux. i want to get you up to speed for this monday, may 14th. dozens of fbi agents are on a manhunt for one of their own. they're looking for steven ivan, an agent who went missing from his home in california last week. he's being described as suicidal and could be carrying a handgun.
police don't think he is a threat to anyone but himself, but they're urging the public not to approach him if they see him. days after revealing the nation's largest bank loss, $2 billion in risky investments, jpmorgan has its first casualty. the bank's chief investment officer is retiring after more than 30 years. now, over the weekend ceo jamie dimon gave his own mea culpa. >> it was a stupid thing that we should never have done, but we're still going to earn a lot of money this quarter. so it isn't like the company is jeopardized. we hurt ourselves and our credibility, yes, and that we have to fully expect and pay the price for that. >> it may not be enough. former government watch dog on the bank bailout says dimon should resign from the new york federal reserve board. elizabeth warren sauce the move would shore up public trust that's so rattled from the 2008 financial meltdown. >> there's been a guerilla war out there in which the largest financial institutions have been
doing everything they can to make sure that financial regulations don't get put in place, and if they do get put in place, that they are loaded with loopholes and not very effective. >> the florida a&m university marching band will remain suspended through the next school year. the decision was announced last hour by the university's president during a conference call with trustees. he said university officials are setting new rules following last year's hazing death of band member robert champion. i was heavily influenced by the need to be respectful of robert champion's family as well as other alleged victims. a young man lost his life. uganda says it has captured a top commander of the lords resistance army. that's the guerilla group headed by joseph kony. you might remember him from the video that went viral.
kony's rebels were notorious for slaughtering civilians and using child soldiers. authorities in mexico are trying to calm the public after discovering 49 decapitated and dismembered bodies scattered on the roadside just 80 miles from the texas border. now, the killings are believed to be the work of anotherer toous -- notorious drug cartel. and the dalai lama refuses to say what he thinks about tibetan monks setting themselves on fire. advocacy groups say more than 30 monks have done it in the last year alone to protest chinese rule. the dai dalai lama was asked ab it at a news conference today. >> tibetans have been setting fire to themselves, self immoll lating. should they stop this now or
should they continue? >> i think that is quite sensitive political issue. i think my answer should be zero. >> and we're going to hear from president obama in the next hour. same-sex marriage look in the spotlight. the president delivers the commencement address at barnard college. he will share the stage with a gay activist, the founder of freedom to marry. over the weekend some african-american religious leaders wrestled with the president's position supporting same-sex marriage, and presidential candidate mitt romney reiterated his opposition to that in a speech at liberty university. >> marriage is a relationship between one man and one woman. >> so about president obama's support among some black clergy. is he actually going to be losing some? his endorsement of same-sex
marriage cost him some votes in november. that is the question. athena jones has reaction from some black pastors. >> reporter: from baltimore -- >> i love the president, but i cannot support what he has done. >> reporter: -- to atlanta, to new york. >> it's only the couples involved, so it shouldn't be a community concern. >> reporter: black pastors and churchgoers tackled the topic of same-sex marriage sunday. days after president obama expressed his support for it. at shiloh baptist church in washington where the obamas celebrated easter last year, reverend wallace charles smith believes the president got it wrong. >> i would have preferred had he not, you know, weighed in on the issue. >> reporter: but he and his congregation have been praying for president obama every sunday for years and this day was no different. >> will this hurt the
african-american support for the president in the upcoming election? well, i would hope not. we've got some larger challenges that we've got to struggle with. [ applause ] >> reporter: daryl wise, a shiloh member who is gay, says the president took a courageous stand. >> as a black gay male and also as a baptist, i feel that, you know, things will change and opinions will change, and the only thing i have to do is lift it up to the lord. >> reporter: while african-americans have been a strong base of support for the president, polls show they are more lyme than whites to oppose same-sex marriage. that opposition has softened in recent years, but in baltimore pastor emmett burns is so upset, he publicly withdrew his support for president obama sunday and says the issue will cost him the lex. . >> people i know, people coming up to me are saying they don't support this, they don't like this, they're disappointed with
the president, and they plan to stay home. i don't plan to vote for romney for sure. right now i plan to stay home. >> burns, who is also a maryland legislator, is leading a petition drive to force a public vote on a new state law legalizing same-sex marriage. athena jones, cnn, washington. i want to bring in white house correspondent dan lothian. dan, we know that the president reached out directly to a small group of influential pastors as well as african-american pastors who didn't agree with him in a conference call. is this part of an ongoing dialogue with this group to convince them or is the message simply move forward, get on board? >> i think it's the ongoing dialogue that's taking place here, and that conference call you referred to happened just after the president conducted his interview with abc news last week, and it continues. that outreach continues. other white house officials have held conference calls with ministers, but in particular
african-american ministers as well, and what you've also seen is this effort to send around letters from prominent african-american leaders who support the president's position on this. they realize, as one democratic official told me, that not everyone is going to agree with the president on everything, but what they're trying to focus on is what the president has done to help the african-american community, his accomplishments, education reform, health care, job training. these are the things they say that the president has been pushing for or has been able to accomplish, and they believe that's more important for the african-american community especially in this tough economy. >> the fact they are making such an effort here, does it suggest that they are concerned, that they're worried, or do they feel confident they're still going to have that critical support from the black community? >> reporter: well, i don't think you're hearing anyone here say that they're confident that they're going to get the kinds of numbers na they saw in 2008 where african-americans
overwhelmingly showed up to the polls to support president obama. but what they're saying is that they realize that there are african-americans out there who disagree with the president but will still support him. and you heard that in athena's piece as well. they know that. they're trying to shore up that support but realizing that they won't necessarily get the big numbers they got in 2008. >> and, dan, looking forward here, very quickly, what do we think the main message of the president is going to address at the commencement speech next hour? >> speaking to young people, in particular addressing young women, we're told by white house aides he'll be talking about the role that they will play in shaping the future and some of the challenges that they will face, especially in this tough economy. we'll be waiting to find out if the president will talk at all about his decision to come out and support same-sex marriage. we have not been able to get any excerpts from his speech, but we'll be waiting to see if he talks about that. >> we'll be carrying it live. here is rundown of some of
the stories we're covering. greece is on the edge without a government and it's hurting american stocks now. also, he said he had a computer science degree. was not true. now the ceo of yahoo! is out. and president obama on this week's cover of "newsweek" magazine with the title "the first gay president." we're going to look at whether he is benefiting or hurting from his position on same-sex marriage. and don't forget, you can watch cnn live on your computer while you're at work, head to cnn.com/tv. c'mon dad!
greece is near the breaking point. a desperate effort is under way to form a new government to deal with the country's economic crisis. now, if the political parties fail to form a coalition, greece is going to have to hold new elections and the european economy, u.s. stocks could all be impacted. i want to bring in michael holms to talk a little bit about this. already today we are seeing u.s. stocks reacting to what's taking place in greece. and it doesn't look good. >> try being in the major stock markets in europe, they were down 2%, 2.5% today.
it's been like that for days. it's due to this uncertainty over greece. they had the election, no clear winner. the three leading parties have had a go of trying to get a coalition. you have a butting of heads between those who say we have to go down the path of austerity and those who say we're fed up with austerity, the people don't want it, we're not going to do it. they can't get a government together. there will be new elections. all indications are they'll end up like the last elections. the uncertainty is killing the economy there. >> what's the time table here because we've been looking at this story day after day after day. is there a point where it's either, you know, you're going to get this thing together or cut bait? >> they have to have the election -- the election will be next month. it will be a few weeks away. they have to do that. what happens then with the results of the election, the parties on the left and right, they're saying the 66% of people voted against austerity so we're against austerity. but we don't want to leave the
euro. they're mutually exclusive. you can't have one without the other. >> describe what austerity means because some people don't understand just the kind of things that you can't purchase, you cannot take advantage of in your own society. >> basically brutal cutbacks. greece for years and years lived high on the hog with unbelievable pension plans, retirement at 50 and all sorts of great social services. it came back to haunt them. so now all of those things are being cut, even the minimum wage is being cut, and it was only $1,000 a month. that is now being cut by 22%. those sorts of cuts. pensions aren't being paid. sop people are working for companies like you'd be working for the equivalent of cnn aren't getting paid. >> that's unbelievable. if it's such a failure and they can decide even we're going to leave the euro, go back to our original currency, what does that mean for us here? >> well, going back to the drachma, which was the original currency, it can be done if they leave the eurozone, but it depends how it would be done. but even if they did do it in an
orderly fashion, the currency would be devalued by 30% to 50%. imagine what that means for savings. and the cost of doing trade would become ridiculous. all of their exports would become very cheap. we buy feta cheese and olive oil and some computer hardware. that would become very cheap for us. they are a big importing country, everything from cars to oil to machinery is imported. that would become prohibitively expensive. country cooped afford that. even talk they could fall apart and the military could fall over. that's way down the line. we are impacted every time the dow goes down and the dow is down today and a lot of that is due to europe. a little bit due to jpmorgan but most of it due to europe. every time that happens, what are we down now? 86. that hurts us, all of us. and it will hurt us when it comes to import/export -- we did
$1.6 billion worth of trade with greece in 2010. so it's not an insignificant relationship. our stuff will become way too expensive for them to buy. >> that's a huge impact. >> it's a lot of money. >> it's a lot more than the olive oil and feta cheese you brought up. >> if it did go south, bargain for tourists. >> that would be the upside. >> cheap place to go. >> michael, good to see you. the yahoo! ceo who lied on his resume is now out the door. we're going to look at what is next after the company goes through three ceos in three years. [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport.
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yahoo! still pretty big name along internet companies, but right now it's having some problems in the board room. ceo scott thompson out of a job now. only four months after starting at the company. what got him in hot water with a lie on his resume. claimed to have a college degree he didn't really have and adding another twist, "the wall street journal" reports that before resigning thompson announced he's been diagnosed with thyroid cancer. i want to bring in alison kosik at the new york stock exchange. obviously, this is a problem for
him. how did this happen in the first place? >> that's what everybody is asking, suzanne. this is an established company, as you said. everyone is scratching their heads. then you add to the fact this this fake computer science degree, it was everywhere. it was on yahoo!'s bio and then on these s.e.c. regulatory filings and the problem with this is when you lie on an s.e.c. filing, guess what? it's illegal. ceos, they personally certify these filings, that they're accurate, and thompson signed off on it. what this could do is carry a penalty of 20 years in prison for a $5 million fine. at this point yahoo! said let's get thompson out. one top executive at yahoo! told cnn there was just a loss of confidence in thompson after this whole resume scandal broke. you know this, it's real hard to lead when you don't have the people behind you. yahoo! has had four ceos in five years. yahoo! is having a rough time of it, to say the least. >> absolutely. and how is thompson doing?
is he going to be getting a golden parachute? and do we know anything about his health? >> well, first of all, his health may have played a role in maybe his excuse in why to leave and sort of the mutual reason on why he left. now, whether or not he's going to get a golden parachute, that really depends on whether or not yahoo! had reason to fire him. what this is called, it's called cause. if yahoo! had cause to fire him, thompson won't get any seven rens. you think lying on your resume is cause enough but this may not be so cut and dried. you look back to carol bartz fired last fall, fired for failing to turn around yahoo! but she got a multimillion dollar payout. for scott trchz i thihompson i open to interpretation, whether he will get that golden parachute. >> alison, real quick, how are we doing with the markets today? >> markets are down but they've come back quite a bit. the dow is down 83 points.
earlier the dow was down as much as 160 points. a lot has to do with europe, a lot about the banks. jap morgan fallout. europe because of that uncertainty about when greece is going to form its own government. jap jpmorgan effect still being seen on the market. financials also down as well. wall street is expecting more fallout to come on this. there's a lot of worry if jpmorgan was pulling off these shenanigans, what does it mean for the less healthy banks out there as well. suzanne? >> major events impacting the market today. thank you so much, alison. they're calling him the first gay president on the cover of "newsweek." not everybody sees it as a compliment. we'll look at the sea change in american culture and how it has turned into a political weapon. ? delicious gourmet gravy. and she agrees. with fancy feast gravy lovers, your cat can enjoy the delicious, satisfying taste of gourmet gravy every day. fancy feast.
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enroll now. five days after president obama's decision to come out in support same-sex marriage, the issue still making waves. you have to check out this. "newsweek," this picture of the president with a rainbow halo and the caption "the first gay president." tracing the evolution of the president's views on same-sex marriage. an on the cover of "the new yorker" a picture with the white house with rainbow columns. i want to bring in our political handle.
democratic strategist he estuar rodriguez and chris metzler. it was a week ago when he made the announcement and people are very focused on this issue, same-sex marriage. first of all, estuardo, do you think it's important for the president now to turn the corner to focus more on the economy, to get off this issue, or do you think he's doing a good job of taking advantage of some benefit here? >> well, i have to say he's actually been doing both. he's been simultaneously last week talking about the importance of maintaining college tuition rates at the level they are as opposed to the republican call it -- the double rates for loans and at the same time asking congress to move forward on jobs and the economy, that plans that need to happen to revitalize. i think moving forward he's doing what he needs to get done. it's just the response we're waiting for from the republicans
on the hill to make sure the economy is doing what it needs to do. >> let's talk a little bit about this, chris. mitt romney and some of the republicans and their stand on this. it was over the weekend that romney reiterated his position against same-sex marriage at the commencement at liberty university. this from senator rand paul, too. scoffing at the president's support for same-sex marriage, and this was before iowa's faith and fro dom coalition. i want you to listen. >> the president recently weighed in on marriage, and, you know, he said that his views were evolving on marriage. call me cynical, but i'm not sure his views on marriage could get any gayer. >> so i don't know, chris, i don't know really what he means by that, but it doesn't seem like it's very flattering, and there's a lot of laughter there. is that the proper tone for republicans to take regarding gay issues or supporting gay rights? >> no, not at all. and i really -- first of all, i
think as it relates to mitt romney's speech at liberty over the weekend, the commencement speech, i thought it was an excellent speech because, in fact, what he did was he kind of set the tone relative to -- because it's very important here for him to get the evangelical base, and i think that's part of what he was doing relative to the speech at liberty. now, move to rand paul. i have no idea what he's talking about. i thought it was inappropriate. i thought the tone was just weird, and i think as we move forward, this is about making sure that we can talk about the economy at this point. look, there's a choice here. the president has made his position clear. mitt romney has made his position clear, and so now americans will decide. at this point i think it's time for us to move on and start talking about jobs and the economy. that to me is what's critical here. >> estuardo, go ahead. >> i just want to say while i
agree there, it was surprising to hear that kind of comment, i do think it was honest. it's exactly what we're going to see throughout this entire campaign from mitt romney's camp and also from the republicans. they're completely out of touch. that old good old boy network, that whole sense of superiority, it will resonate and voters will see that. the idea to propose as romney does a constitutional amendment to discriminate against any american, that's unheard of, but that's what romney is proposing. >> do you think that tone is acceptable. do you think there's a good old boy tone that's taking place there in the party? >> no. i don't think so at all, and i don't think that you're going to hear that from the romney camp because i don't think that you're going to hear that there's should be discrimination from the romney camp. what we've got here is two very different views, and americans are going to make their choice as to which views they think is the better view. i think that's what you're going to hear and that's how we're going to proceed. i don't think there's this good old boy hate and vitriol going
on from the republican standpoint. >> chris, do you think that romney should con tem those rema -- condemn those roshtion remarks? >> i think he should say it's not appropriate. first, i don't even know what rand paul was talking about. it was just kind of a bizarre rant. but, again, i think we just -- we need to move on to the real issues. >> let's turn a little bit. "saturday night live," they had a field day with this over the weekend. this is a little bit, the vice president upset that he didn't get credit for bringing up the issue. let's listen in. >> joe, you've been locked inside your room all day. what's wrong? >> what's wrong? are you serious? do you really not get it? >> does it have something to do with the whole gay marriage thing? ah, doy. it's not fair, okay? i was the first one who said it should be legal, but now you're
the one getting all the credit. >> that's not true. >> oh, yeah? oh, really? then why are you all dressed up? >> i'm going to a gala with lady gaga and elton john. >> oh! >> okay. estuardo, does it matter really like who gets the credit, who gets the blame for all of this? >> no. this is honestly about equality and fairness for every american. the president made it very clear in his remarks, you cannot imagine ten years from now or even less than that looking back and thinking that we were fighting about denying any american -- two americans who love each other in a monogamous relationship as adults who want to be together and saying that you can't. it resonates to the time which is not that long ago where blacks couldn't marry whites. women couldn't vote. you know, these are the issues we'll look back on and this is
something that i think it's unfortunate that we're fighting about today. >> chris, do you really think ten years from now this is not something people are going to be fighting over here? because it looks like that the country is pretty evenly split on this. >> yeah, i think we're still going to be having this discussion ten years from now, and i don't think the whole plaque versus whi black versus white comparison is appropriate here. but i do think the country is divided on this and people are trying to figure out where they are on this issue. i think the republicans have made ourselves clear as to where we are on this issue. the democrats have done the same, and it's going to be time for the american people to decide. but i don't think this is going to be the decisive issue in the election. i think a whole conversation -- this is one of the conversations. the other conversation still is about jobs and the economy. >> we're going to have to leave it there. chris, estuardo, good to see you both. >> thank you. >> take care. afghans prepare to take back control of their own security but just as nato gets ready to pass the torch, there's a
high-profile assassination and bombings. we'll go live to kabul. you can watch cnn live on your computer while you're at work. head to cnn.com/tv. four million people switched to that car insurance alone just last year. mmm, it's got a nice bouquet. our second car insurance, y. mmmmm, oh, i can see by your face they just lost another customer. you chose geico over the competitor. calm down, calm down. you're getting carried away.
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a bomb exploded inside a shop in northern afghanistan today killing nine civilians. that is on top of the violence that has left an afghan peace negotiator and eight nato troops dead just in the past three days. it all comes as afghanistan releases a new list of areas in the country that it's going to hand over to the afghan authorities. nick paton walsh is joining us live from kabul. nick, first of all, explain to us what is going on there. i mean, the fact that you have one of the negotiators, taliban negotiators, being assassinated and all of this back and forth at a time -- a critical time when they're trying to take over their own security. >> reporter: arsala rahmani who
was shot dead is a former taliban official himself who joined this thing called the high peace council sed up by hamid karzai to try to get negotiations going with the insurgency. those toalks have been in trouble. it is hoped people lycra ma -- like rahmani to keep the chatter going. his death shocked many. he was on his way to work. what's been slightly confusing is the taliban came out very fast and said it wasn't them. some say that's because they don't want to be seen as having killed somebody as popular as rahmani. we had a text message from a splinter group named after a hard core leader of the insurgency killed a few years back saying they had done it and they would continue to do it. either way the taliban has said such peace negotiations are their targets and his death
wation a chi was a chilling reminder that the center of kabul is not as safe as it should be. >> how is this going to shape talks at the nato summit in chicago? is there a sense of confidence from either side that these talks will make any difference at all? >> reporter: i'm sure officials in chicago in the back of their minds will be reminded of instances like this and violence across the country every day to remind them what the job is ahead of afghan and isaf forces. chicago i think is much more of a stage that's been set for nato members to talk about their contributions to the years ahead. there is background of expedited withdrawal of the french saying they want out early, the australians saying the thing. even washington saying they want to see their troops in a noncombat role by the middle of next year. i think chicago is tailored to try to construct this idea that things are on track, that violence is ebbing, and nato
still wants to see its troops in a role here until 2014 despite the fact their role and their numbers and the number of analysts here may significantly be reduced. >> nick, we just saw president obama in afghanistan very recently, and now you have these incidents. speak from your side, from your vantage point there. are the afghans, are they confident that they are going to be able to take over their own security, that there will be a situation, a day when you don't have these kinds of killings that are taking place? >> reporter: it's a double edged sword i think for many afghans here. there is a belief that the presence of foreign troops ignites much of the insurgency. when they start to lessen in numbers you might see less violence from insurgents who are unhappy seeing foreign troops in their neighborhood, but on the other side, there are real concerns about afghan security forces. some of them are good, some of them have fend off tanks effectively in kabul but out in the rural area where the taliban is strongest, they are often ram
shamcle and i have seen american soldiers disappointed at the professionalism of the afghans serving alongside them. you also have the green on blue attacks. significant number. that's really damaging the trust relationship between isaf and afghans that's so vital to the handover. i think there is much to be concerned about for afghans on the ground here. >> nick paton walsh, thank you for breaking it down for us. next hour we'll focus on the escalating crisis in syria. anderson cooper will join us live from the syrian/turkish border to talk about it. he's at a refugee camp getting firsthand accounts of what it's like to live through the unrelenting violence that began more than a year ago. anderson cooper 360 tonight 8:00 eastern on cnn. we're looking at live pictures from barnard college where president obama is set to give the commencement speech. first, the decapitated and
dismembered bodies of dozens of people are discovered along the side of a mexican highway. just the latest in a bloody drug war that's claimed more than 47,000 lives. what's going on? and should the u.s. be concerned? we'll go behind the mexican drug wars. full of calcium and vitamin d. and tastes simply delicious. for those of us with lactose intolerance... lactaid® milk. the original 100% lactose-free milk. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.
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80 miles from the u.s./mexican border. this is nothing new. more than 400 people have been killed there this year alone and 47,000 across mexico in the last six years. want to bring in raphael romo who joins us to talk a little bit about this. it's stunning. do we even know who is behind all the carnage? >> authorities are looking at two distinct pockets. one it was a retaliation between these two very criminal cartels that are fighting for that territory in that part of mexico. the second option is that it might have been migrants making their way through mexico from central america trying to get to the united states. that part of mexico where this happened has been called the bermuda triangle of mexico because of the disappearances and killings that have happened there. >> is this about territory? is it about drugs? explain this to us.
>> what authorities say up to this point is nobody -- no civilians were targeted, that these are people who might have been involved with any -- with some of these criminal organizations that we're talking about or that were possibly my grants who were going through that part of mexico. so there's no indication that civilians either domestically in mexico or foreigners are being targeted. >> this is not just in one particular state. this is across a whole bunch of border states. describe for us what the situation is like on the border. >> the violence is mainly concentrated on the border states. think states south of texas, south of new mexico, south of arizona. those are territories in dispute by the drug cartels because, as you can imagine, these are transit points, routes that the drug cartels want to control because there's a lot of money involved. and so that's the reason why you see the violence in places like this, because there's this turf war going on and has been going
on for the last six years or so. >> what is the government doing about it, the mexican government, the president? >> there was in mexico a surge similar to what happened in afghanistan where the mexican president sent 50,000 troops and federal police to hotspots throughout the country, and that seemed to work in the short term, but the problem was that violence seems to move to different locations where the surge was not in progress. what we have seen specifically in this part, and this is just to give you an idea, near southeastern texas, people are familiar with macallon. president calderon sent additional troops and federal police back in 2010. it was quiet for a while. but this year has been wild again. >> is there any fear this violence will cross over to the american side, that you will see some of the violence and assassinations occurring on both
sides of the border? >> not on the scale you see on the mexican side of the border. they know they can not mess with american law enforcement. the problem is in many instances mexican law enforcement agencies have been overwhelmed. they go to one spot, they target the criminals, and the criminals just move to another spot and that's the problem right now. >> unbelievable. all right. thank you so much. really appreciate it. used to be considered a sign of apocalypse. we're talking about the mayan calendar. people used to worry about abrupt ending in 2012 was an ominous sign for the future. fear not, we found the rest of it.
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the mayan calendar which predicts the end of time to occur on the 21st of december of this year. this year. this year. >> all right. for those of you who thought the world was going to end like the doomsday pic there 2012 because the mayan calendar, you're wrong. new discovery proves it was all a myth. chad, tell us about this. there are people, you know, raphael just told me thor booking their vacations for cancun, december 2012. >> it turns out that the mayan printer ran out of toner in 2012 600 years ago. the mayan calendar goes for
another 5,000 years. >> can you please tell me how this happened? >> they found a room, honestly, they found a room, picture is from national geographic, where they think there was just some describ scribe, maybe some boys, scribing the calendar on and on and on. they found this building full of debris and trash. that's how they think in just the jungles here they found it and they said the calendar keeps going. they took pictures and it's in perfect shape and it appears now we're going to be okay until at least seven,0 thousand somethin. >> what about those folks who have been preparing for the end of the world? >> they just have a lot of water stocked up in their basement. they have canned goods they can eat now. >> there's another discovery that was very cool in the egyptian desert. a world war ii plane, is that
right? >> 1942 this thing went missing, and the pilot is still missing. they never did find the pilot, but take a look at this plane and what happened to this plane or what didn't happen to the plane in the desert for 70 years now. this is raf, royal air force. this is a p-40 left 70 years ago, never came back. they do believe the pilot survived but eventually just died in the desert. this is sahara desert. this is the reason they put airplanes in the desert when they want to put them in storage. they don't need to put nem in hangars. they can leave them outside. even ammunition still with this plane. they found the parachute open. they think the pilot tried to make some type of cover with the pair shot. the engine got knocked off. polish guys are out there looking for oil wells, making new oil field discoveries, and they said what could that be? no idea this was 70 years ago it
went down and they took pictures, brought it back, and raf said, hey, that's one of ours. >> is that typical that you would have that plane, survey all those parts intact? >> it really is because there's nothing there to deteriorate it. many of the gauges and the dials on the inside were still good. the glass was still there. it could have been so many years -- you know how the shifting sands of the sahara, they could have covered that up and then eventually uncovered it to be found. >> could that fly again if you put a new engine in it? >> i don't think so. it would take more work than it would probably -- >> chad. >> you are a pilot, could you fly it? >> i could have flown it when it was good 70 years ago. i could have at least got off the ground with it. i don't know if i could have put it on the deck like he did. he actually survived that rocky crash, rocky landing. >> really cool pictures. thanks, chad. >> you're welcome. >> all things, you're a pilot,
you know about the calendar. got to have that toner handy. the world waits for facebook to offer its stock to the public this week but it's not going to be easy for the average investor to get in. we'll take a look at why. at bank of america, we're lending and investing in communities across the country. from helping to revitalize a neighborhood in brooklyn... financing industries that are creating jobs in boston... providing funding for the expansion of a local business serving a diverse seattle community... and lending to ensure a north texas hospital
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together for your future. ♪ you've been hearing the hype for weeks. facebook expected to make its shares publicly available this friday. it's not going to be easy for the average investor to buy in. >> reporter: suits, meet the hoodie. mark zuckerberg gets rock star treatment on his company's road show but should he get your money when his company goes public? facebook will price that ipo between $28 and $35 a share. >> wait about a month after the
shock has been released. the mutual funds and the institutional investors will be the major ones buying up the stock. when the stock actually opens, i do believe it's going to come in probably between $90, maybe even $100 a share when it gets released. let the hype go down, let the euphoria go down. >> reporter: because a lot of rich people get in before you ever will. investment banks underriding the ipo get the first crack at shares. they sell them to their best clients. hedge funds, big money managers, and insiders. they get that ipo price. then retail investors, the little guys, they get their shot. dead last. e trade is an underwriter of the ipo and e trade will have some shares available. td ameritrade and charles sch b schwab. if you're going to try to buy the ipo, limit order. >> what is your budget? that's going to be very valuable, especially limit order to make sure since you limit the price in which you're willing to pay on a particular stock. >> reporter: the most famous investor will not buy the