tv Early Start CNN May 14, 2012 5:00am-7:00am EDT
ashleigh banfield. i said lighting really changes a place. it looks yellow. >> it was painted. >> i had no idea it was painted. it's all new. that's our beautiful new studio. what a pleasure to work with you. >> i'm so excited to have you here. you are wired, dude, you are wired. >> that's okay because there's lots of news this morning. >> up first this morning, heads about to roll. at jp morgan chase. according to bloomberg, the firm's entire london staff could be dismissed. the banking giant also expected to accept the resignation of this woman, ina drew. pulling down a salary of over $15 million a year. drew and two other company executives being held accountable for a stunning $2 billion loss. ceo jamie dimon doing damage control on sunday talk shows is. >> it was a stupid thing that, you know, we should never have done but we're still going to earn a lot of money this
quarter. it isn't like this company is jeopardized. we hurt ourselves and credibility, yes, that we have to fully expect and pay the price for that. >> christine romans is here with us this morning. how much worse is this going to get? i know we were hearing about billion dollar loss, they're going to weather it. the big question is why should we care. >> the real damage here is for jp morgue's cj pjp morgan's ceo's reputation. jamie dimon has been front and center. he has been the industry's, i guess, poster child for making sure that they don't have new regulations. so for all the millions of dollars that the banks spent, including jp morgan to lobby against just this sort of kind of behavior running wild on wall street he has a lot of egg on his face, quite frankly. the company is a huge company. $2 billion trading loss is extraordinarily stupid and
embarrassing. >> right. >> really embarrassing. i think you could see more heads roll, actually at jp morgan chase. >> this company came through the financial crisis very well. jamie dimon was thought to be a real leader. some even talked about him even becoming treasury secretary. >> i can remember a few years ago people were saying it's too bad for the financial crisis. jamie dimon, the only other thing that would have capped his stellar run in banking was treasury secretary. he is someone who was trusted to talk to the president and other people about this. jamie dimon is someone who, people who work for him, he's a real task master, believes in profits and results and so you can imagine that he's furious that this has happeneds there. especially since it makes him look like, as the guy who has been saying, you know -- >> don't overregulate me and has be
been very vocal for the volcker rule. >> what happens to him. >> probably not much but there are executives leaving. >> people have been asking me, why do i care that they lost 3 billion? my issue -- or 2.3 billion. this happened in 2008 with aig and it nearly took down the global financial system. i want to know this is going on. i want to know it's not going on. >> we're talking about indexes on credit default swap. it's insurance on insurance. that the company -- was it a hedge or was it a raw bet that went wrong? >> right. >> when you talk to people in the hedge fund world they're all kind of like giggling a little bit to themselves. they know jamie dimon and that position are probably getting hammered right now. there are people trying to make money off of jamie dimon's unfortunate position and bad bet in the markets. dow futures are down 100 points right now, folks.
it's not because of the banks but greece. some developments in greece. we can talk about that later. these stocks got hammered last week. we'll be closely watching this. if you're a share holder in jp morgan and you might have it in your portfolio, could be a mutual fund, then you're getting hurt a little bit. >> i know we are out of time. maybe we'll get to this woman ina later. >> a superstar, right? there's breaking news involving the ex-yahoo! ceo who has resigned over his resume. "the wall street journal" is reporting that before resigning this weekend, ceo scott thompson toll the company's board of directors he had thyroid cancer. the report says the cancer diagnosis was in part responsible for thompson's decision to step down only after four months on the job. his his may claimed a computer
science degree he claimed he had. ross levinsohn will now become the interim ceo. >> mark zuckerberg turns 28 years old. can you believe that? facebook is expected to start selling stock and begin trading on the nasdaq this friday. theism po could value the company at $100 billion. making it worth more than disney, ford and kraft foods. >> poor guy. this is his last birthday before being a super gajillionaire. the biggest wildfire burning, the sunflower fire was spotted on saturday in arizona. by sunday, 2,700 acres had burned. >> the terrain is extremely rugged out here, lots of steep cany canyons, rocky. and the other variable is the dry, hot conditions.
>> officials say extreme heat and dry vegetation have caused a higher than normal fire risk in some parts of the state. >> and a big day in the john edwards corruption trial. it is now the defense's attorney to present its case. lawyers for the former senator arked for a mistrial on friday claiming prosecutors failed to prove their case. the judge denied that motion. it's not clear which witnesses will be called today. edwards is not expected to testify. this is interesting. the cover of "newsweek" is raising a few eyebrows. take a look. it has a picture of president obama with a multicolored halo over his head, perhaps the rainbow sim billion for gay pride describing him as, quote, the first gay president. last week the president made history by publicly backing same-sex marriage. this afternoon, president will be in new york attending a lesbian, gay, bisexual, transgender event. hosted by singer ricky martin. guests paying up to $35,000 apiece to attend. "newsweek" has a history of
walkers with their covers. he's a father, husband, former police officer and most recently an fbi agent specializing in corporate terrorism. now he's also missing. find out why everyone is so worried, after the break. he specialized in counterterrorism. a party? [ music plays, record skips ] hi, i'm new ensure clear. clear, huh? my nutritional standards are high. i'm not juice or fancy water, i'm different. i've got nine grams of protein. twist my lid. that's three times more than me!
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♪ [ camera clicks ] ♪ it's hard to resist the craveable nature of a nature valley sweet & salty nut bar. welcome back. ten minutes past the hour here. a major manhundred had the is under way in southern california. 100 fbi agents and dozens more law enforcement officers are on the hunt, not for a fugitive but a fellow 5agent missing since last week. >> this has sparked the largest manhunt in burbank, california, in two decades. it's incredible what's happening, zoraida. good morning, everybody. what is so troubling about this story that is special agent
steven i've -- ivans is said to be possibly suicidal. police say he left his burbank home on foot and then simply disappeared. and it is believed that he took his handgun with him. >> there is no history of violence associated with special agent ivans or any known threat to the community as the investigation has uncovered no evidence of foul play. special agent ivans is known to have been drought and investigators may believe he may possibly be suicidal. >> dogs had tracked ivans' sent near the mountains east of burbank. since then authorities have
widened their search and are looking throughout los angeles county, a big area, as you might imagine. the big question remains, why would this fbi agent seemingly well liked by colleagues, a father and husband simply vanish into thin air? why would he leave, zoraida and more importantly, where is he now? those are questions he simply can't answer. >> how long has he been an agent. >> with the fbi for about three years, he worked in national security on counterterrorism cases, specifically. he's said to be a valuable member of the team, never had any disciplinary problems and before that, he was an l.a. police officer for eight years. so, again, a long history in law enforcement. and why he disappeared, still a big mystery. >> i can't imagine what his family is going through right now. have we heard from them? >> law enforcement is working very closely with his wife, as i mentioned, husband and father, father of a 1-year-old child, a son. married, in fact it was his wife who reported him missing on
friday morning at about 7:30 a.m. she did tell authorities that the last time she saw him is when she turned into bed on thursday night. >> oh, my goodness. >> friday morning he was gone. >> his family also at work, right, worried about him. >> yes. >> thank you for the details. >> we wish that family well. >> ali, back to you. all right. it is some number of minutes after the hour. let's get you up to date. haven't done this for a while, christine. let's call it 13, 14 minutes after the hour. time for the news. all right. shaking things up over at jp morgan chase, that's the big story this morning, according to published reports, the london staff of jp morgan chase's office could be dismissed and ina drew is expected to resign after the firm's stunning, embarrassing $2 billion trading loss. ceo jamie dimon revealing they
could lose another billion dollars before it all shakes out. and the largest wildfire consuming some 2,700 acres in arizona's tonto national forest. firefighters are attacking the flames from the ground and the air with tankers and helicopters, trying to get the upper hand. in greece, in a desperate effort to form a new government to deal with the country's economic crisis, following last week's elections greece's president called on major political party leaders together for a meeting to produce a coalition. if they fail, greece will have to hold elections next month. dow futures are down 100 points because of that unease about greece. a campus in mourning. three students killed in new zealand in a tragic car accident this weekend. five other students were injured, one critically. they're part of a group of bu students studying abroad. they were on a sight-seeing trip to one of new zealand's national
parks. jkony is the leader of the lord's esiftance army, the subject of that viral video, kony 2012. he's accused of recruiting children as soldiers and sex slaves. the u.s. army is placing women in combat, opening 14,000 combat-related jobs to women starting today. six new military occupations now open to women, including intelligence sergeant and health care sergeant. still, 30% of army jobs will remain restricted to men. if you're leaving house, watch us anytime on your desktop or mobile phone. go to cnn.com/tv. zoraida, it is 16 minutes after the hour. please tell ali. >> zoraida reminded me i have a watch. i said there wasn't any clocks
anywhere. >> he has a blackberry, two computers, doesn't know he has a watch. there's one on top of the camera. >> i didn't sleep so much last night. >> i know. we'll cut you some slack today. can young children be diagnosed as psychopaths? a researcher in florida has been studying children who are considered at risk of becoming psychopathic auduladults. they exhibit behavior such as lack of remorse and empathy. critics say labeling children psychopaths could doom them for life. it is a fascinating read. they talk about one little boy who threw another boy into the deep end of the pool and then just watched him drown. and when the police asked him why did you do that? the little boy said i wanted to see what it looked like for somebody to drown. bizarre. >> that is weird. "the new york times" is also reporting that the shuttle "enterprise" is a step closer to
its final destination on board the "uss intrepid" in new york city. going to be excited about that. the shuttle was separated yesterday from the 747 jumbo jet that brought it here from washington. remember a couple weeks ago we saw it fly in. it will stay in an airport hangar for a few more weeks before moving to the intrepid. it will be brought over on a barge. a public exhibit is expected to open in july. have you had a chance to get on the intrepid yet? >> i have not. >> let's go together. >> i want to take my kids as well. >> we'll do the whole family, ice cream and all that. the milwaukee journal sentinel has a story on axford's wild weekend. he lost his streak of 49 consecutive saves friday night. he ditched a postgame interview. he always grants those interviews because his wife went into premature labor. he left this note for the media. quote, i put my wife into contractions with my performance tonight so i had to run to the hospital. the streak is over is now you
can talk about it, the luck i've had in the past didn't show up tonight. all i can do is begin another streak and keep my head up. got to go! love -- >> wow. >> she did not deliver the baby. it was preterm labor, she's fine, everything is okay. >> second son is expected in june. >> yes. >> for an expanded look at our top stories, head to cnn.com/earlystart. it's no surprise that yahoo!'s ceo is amid a resume padding schedule. we'll tell you what he told the board of directors on his way out the door. we'll tell you right after the break. [ female announcer ] with swiffer dusters, a great clean doesn't have to take longer. i'm done.
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friday. the nasdaq closed almost flat and the s&p 500 also closing in the red. >> i don't know how it will close but i can tell you, it probably won't open well. u.s. stock futures down sharply is morning. a lot of uncertainty in the markets. this is actually mostly about greece, negotiations continue. there's still no government in greece. christine is here following that. and mostly, this issue about yahoo!. there's new developments evernight with the ceo of yahoo! leaving. >> some resolution there. we've been telling you about the resume scandal at yahoo!. he was brought in with a $26 million potential pay package earlier this year. he was brought in because this is a company that's been in turmoil, quite frankly. they lost their ceo late last year. they have activist board members -- shareholders rather who want seats on the board. this guy was going to come in and fix it. then, some of the activist board-seeking shareholders said this guy's resume doesn't look right. there was a scandal about
whether he had a computer science degree. >> which is a good degree to have. >> he does have a bachelor's degree but it turns out they didn't have a computer science degree at the university at that time. the board was investigating how this happened, what these inaccuracies were on his resume. he's stepped down. there's a twist here. he's out but there's a twist. according to "the wall street journal" and other -- "new york times," i think, as well, he has told his board he has thigh rod cancer. he's fighting for his reputation and fighting for all of -- fighting to get the focus back on fixing the board and now he's telling friends and board that he has thyroid cancer. a very complicated and tortured few weeks for this gentleman. >> this isn't sort of a breitbart moment. the yahoo! board has been a bit of a disaster for a long time. they rejected great offers to take over the company. this was a disgruntled investor who said, i need to shake this up and somehow found this.
>> he had a degree but lied about the type of degree. >> the funny thing is, in reporting the story, this happens more than you think. the number one white lie or, you know, outright lie on a resume is exaggerating your credentials and degree. >> which you'd think in this day and aage -- >> the second one is lying about what you worked or what your job was. >> the computer science degree part of it was to get credit in the street that he worked in. >> the facebook founder is turning 28. we now live in a day and age when you don't need the computer science degree, per se. you need to inconvenient the or start something. it's almost like what generation of tech ceo are you? in doing this, we found that a lot of -- when companies find out that you've lied on your resume, they will not hire you, period. only 3% of people say they've lied on their resume but companies say it's much more than that. what i would say, don't lie on a resume.
>> back to the thyroid cancer, is this a recent diagnosis? >> we don't know. according to "the wall street journal" he's just now beginning treatment. so that's -- >> that's terrible. >> it's unfortunate. we wish him the best, no question. it's been a rough couple of weeks. all of this has taken the focus off of what the company has to do. >> right. >> that's what shareholders don't like. >> yes. >> this shareholder -- >> likes it. >> this is what they like, they wanted a new ceo and seats on the board. now it looks like they'll get it. >> they got it. >> christine, thank you. a trip to the store turned into a three-day life or death ordeal for a west virginia woman. this is a remarkable story. we'll tell you how she survived in her car for three days after a crash and here's the part you need to know. the tool she used to free herself. we'll tell you about that after the break.
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good morning. welcome back to "early start," i'm ali velshi. here is what's happening at half past the hour. one of highest ranking will on wall street, jp morgan chase chief investment officer ina drew is expected to resign as early as today in the wake of the company's stunning $2 billion loss. a loss by the way, that could result in the dismissal of the entire london staff of jp morgan chase's chief investment office. ceo jamie dimon says no investor money was lost. risky investments could lead to another billion dollars in losses. arizona fire crews battling four wildfires across the state, the biggest has already burned 2,700 acres in the tonto national forest near payson, arizona.
john edwards is not expected to testify when the defense begins presenting its case this morning. and the former north carolina senator's corruption trial. his lawyers argued for a mistrial on friday, claiming prosecutors have failed to prove their case. the judge denied the motion and it's not clear which witnesses the defense plans to call. mexican officials try to pressure -- reassure the public this morning that civilians are not being targeted. this comes after the gruesome discovery of at least 49 decapitated and dismembered bodies littered along a highway. a message left on a wall nearby indicates it could be the work of the zetas drug cartel. the corpses were found in a town north of the border. he's in atlanta for us. i have to tell you, the details of this are absolutely horrific. >> zoraida, it's just incredible. 49 bodies, all deposited in the
same part of -- along the side of the road in northwestern mexico. apparently it was not only about the executions, zoraida, but about a very intentional way of sending a message to a rival drug cartel in mexico. this happened as you said about 80 miles southwest of mccowan, tex tell on the mexican side of the border. this could be a result of the turf war being fought between two very powerful mexican drug cartels, los zetas and another cartel. these victims may have been -- >> that area, are the people in that area worried that perhaps some of the folks that live
there will be targeted or have they been? do we know anything about that? >> so far, zoraida, there's no indication that civilians have been targeted. officials saying this is specifically a fight between these two very powerful criminal groups. either that or migrants from central america that have to go through that area. this is a lucrative transit point for drugs not only from mexico but south america and that's the reason why you see that kind of violent fight between these criminal organizations. >> and i'm curious as to how this is affecting tourism, right? there are a lot of emwho travel to mexico that are very concerned about some of the violence that happens. you hear about the bodies that are hanging from the via ducts. is there any plan from the government there as it affects tourism? >> look, people who would normally cross border in the southwestern united states and that southeast part of texas are
definitely afraid and aavoiding crossing into mexico. however, i was taking a look at some numbers from the tourism office in mexico and also up here in the united states. the number of tourists into mexico from not only the united states and canada but also from europe increased last year because places like cancun, are still for the most part very safe. it appears that tourists and foreign visitors are making a difference into that very violent part of northern mexico. the border states. and the typical tourist areas that i mentioned before, zoraida. >> this isn't the first time they found these mass graves, is it? >> no, no. last week on wednesday there were an additional 18 bodies in god guadalajara. five months before that, an additional 26 bodies, the year
before, another 35 bodies in vera cruz. you're seeing massive massacres in mexico. again, the main point here, what the cartels are trying to dow is se -- to do is send messages to particular cartels, they will face consequences if they dare to enter that. >> how were these bodies found? >> in this particular case, all of the bodies, according to prosecutors, were dismembered, decapitated, their limbs were missing and it appears, zoraida, what they were trying to do is make it very difficult for police, for authorities, to identify the bodies. messages were found right next to the bodies and one of the messages claimed that it was los zetas organization that was responsible for this. >> thank you very much for that. >> thank you. >> i wish i could give you more uplifting but a georgia woman is in danger of losing her fingers to flesh-eating bacteria.
24-year-old aimee copeland became infected earlier this month. she was zip lining over the tallapoosa river near atlanta when the line snapped and she suffered a gash. that cut came in contact with a potentially deadly bacteria. copeland has already lost a leg and part of her abdomen. family says they are optimistic, however, awaiting the day when she can speak and breathe again. >> oh, wow. a west virginia woman who went to the store last week and never returned home has been founded alive. it turns out veronica mcfoy crashed her car, rolled it down a 30-foot embankment. take a look at that. she was trapped inside the car for three days. her husband, willford picks up the story from there. >> she found a pipe wrench i had in there, knocked the back window out of the back door, crawled out of the back door and crawled up the bank to the main
road. it's hard to realize, somebody laying there that long. thinking about whether you're going to die or anything like that. >> that's a dog in the background. it was tough to listen to. it was a pipe wrench, i believe. >> okay. veronica had surgery on friday. she suffered a broken back, ribs, a broken arm and broken collar bone. she managed to survive on rain water and soda she found in the car. >> mitt romney's son booed off the stage this weekend by ron paul supporters at a republican party delegate convention in arizona. josh romney was seeking to solidify support for his father's nomination. listen to the paul supporters when he tried to tell them how to choose a slate of preferred romney delegates. >> make sure that it says paid for romney and that it's green. i appreciate your support. thank you very much. >> josh romney's speech was interrupted several times by boos and he finally had to cut his presentation short.
ron paul's son, kentucky senator rand paul taking heat from his own party about a comment he made about the president supporting same-sex marriage. listen to what he said friday in iowa. >> the president, you know, recently weighed in on marriage. and you know, he said that his views were evolving on marriage. call me cynical but i wasn't sure that his views on marriage could get any gayer. >> that comment drawing quick criticism from tony perkins. as well as republican nationalment chairman reince priebus. >> an ohio teen scores a prom date with an nfl player. 18-year-old joyce asked cleveland's quarterback joe haden to her high school school dance via twitter and he said yes. she says it was a last-ditch effort to get a date after her
first one backed out. hayden said he was the one who was nervous. >> i said, hey, joe, would you consider going to senior prom with me, because my date backed out and didn't go. >> i'm nervous, taking pictures. i thought we were legit. i was getting ready, saying does this look cool? i feel like i'm really legit, this is my prom, too. >> that's a sweet ride. >> no kidding! way to go, dude. >> he brought it. he never attended his own prom he said because he graduated high school early. >> oh, my gosh. is that a great story. >> moral of the story, ladies, never be scared to ask. you never know who's going to roll up and what they're going to roll up in. >> unbelievable. 39 minutes past the hour. hundreds of americans in line for vaccinations against a disease that's not been a widespread threat since your grandmother was a child. they are lining up for this vaccination. why?
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of a nature valley sweet & salty nut bar. good morning to you, washington, d.c. boy, that is a beautiful shot. >> that is stunning. >> i never get tired of looking at that, right? 42 minutes past the hour, right now 64 degrees. later it's going to be nice, 70 degrees. hopefully nice and sunny. the skies look blue. >> that does look beautiful. christine, now that we don't have that shot to look at, we'll get something else beautiful to look at. christine romans. >> flattery will get you everywhere, velshi. the entire london staff of jp morgan chase's chief investment office could be dismissed. one of the highest ranking women on wall street about to lose her job, the firm's cio, ina drew is expected to lose her position
today. the stock price took a 10% nose dive on friday. risky investments could lead to another billion dollars in losses there. this story is not over yet. quite a buzz over the cover of "newsweek." take a look. features president obama with the multicolored hail low over his head, the rainbow symbol for gay president, describing him as the first gay president. he publicly backed same-sex marriage last week. this afternoon, he'll be attending an event hosted by ricky martin. extreme heat and conditions are fanning the flames in arizona. the biggest one has burned through 2,700 acres of the tonto national forest in arizona. the defense begins presenting its ka is this morning in the corruption trial of former presidential candidate john edwards. it's not clear which witnesses they plan to call but the former north carolina senator is not expected to be one of them. edwards' attorney tried to have the charges thrown out last
week, claiming prosecutors failed to prove their case. the judge wasn't buying it. a semipro football player drops dead on the field at a weekend game in ohio. 32-year-old david coleman jr. played for the jay county panthers of indiana. he died after taking a blindside hit during a play against the northwest ohio knights. no flag was thrown on the play. an autopsy is planned today. washington state now battling a whooping cough outbreak with several counties giving out free whooping cough booster shots. it could make symptoms milder, make you less likely to infect someone else. there have been no deaths lunked to whooping cough this year but "the new york times" reports more than 1,200 cases through early may. the shuttle "enterprise," a step closer to its final destination aboard the "uss intrepid" in new york city. the shuttle was separated yesterday from the 747 jumbo jet that brought it here from
washington. remember those amazing pictures? it will stay at an airport ha hangar a few more weeks before it will be displayed. dow futures are down 100 points, the reason is greece. because a relatively small economy doesn't mean it won't affect your investments. it will today. the euro and europe bear watching. zoraida? it is 45 minutes past the hour. if you're traveling near the northeast, rain could be a factor. i feel like we say that every day. alexandra steele is in with today's weather. >> good morning to you. it's a rain parade up and down the eastern seaboard. add a little extra time, we will certainly see travel difficulties. we'll talk more about travel forecasts coming up. here's the beginning and the parade of the rain, charlotte to greens breau greensboro, up through the v
virginias and the northeast. we watch this rain over and over, maybe 1 to 2 inches an hour for some areas. especially from the catskills down to the smoky mountains, because of that orographic lifting. in terms of how much, this is what we've seen in the last 48 hours. mid-atlantic, the yellows and the reds, getting up to 3 to 5 inches of rain for some of you. today and tomorrow, the balance of the heaviest rain on the eastern seaboard, then we watch it move out. big picture, there's the rain and the east coast. severe storms, west texas could see 1 to 2 inches of rain an hour. difficulty there. phoenix, the story is the heat. 106 yesterday. should be 94 this time of year. so 100 degree temperatures for the next few days. well above average. west is hot and west is dry. that rally will be the story. so we're kind of looking at a very warm west, a wet east and that will be the story for the next few days. by wednesday, thursday, the pattern will change just a little bit. back to you. >> thank you very much.
47 minutes past the hour. plenty in hollywood have been trying to picture it. ashton kutcher as apple icon steve jobs. >> doesn't look like it with that hair. >> when you put them side by side, they looked eerily similar. >> really? >> when he was all made up. >> see what he looks like in costume after the break. >> if you're leaving the house right now, watch us anytime at your deskstop or mobile phone. go to cnn.com/tv. 47 minutes after the hour, we're coming right back. [ thunk ] sweet! [ male announcer ] the solid thunk of the door on the jetta. thanks, mister! [ meow ] [ male announcer ] another example of volkswagen quality. that's the power of german engineering. right now lease the 2012 jetta for $159 a month. the key is to have a good strategy.
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hey, good morning to you. it is 50 minutes past the hour. there's the statue of liberty saluting you this morning, saying good morning. it's going to be a nice day here. >> i had forgotten. i don't love waking up so early. you get to see the sunrise and these beautiful pictures. >> right now on the screen, it said 104. i thought it's going to be 104 in new york? that was phoenix. that was phoenix. >> in july we'll have 104. again, another great weekend in many parts of the country and people still went to the movies. "the avengers" proving their super powers at the box office, topping $1 billion on sunday. >> crazy. >> it was number one with moviegoers for the second straight weekend. disney says there will be a sequel. if you make that much money, there should be a three-quel and four-quel, too.
>> that wild be great. we have a first look at ashton kutcher as steve jobs. kutcher is playing jobs. can we leave them up side by side. >> i can see that happening. >> totally. >> it wasn't obvious to me because of ashton's hair. now that i see that. i like it. and the turtleneck does it, too. >> ashton looks good there. tmz posted these photos taken on the movie set in los angeles. the bioepic is set to come out at the end of this year, it's tentatively titled "jobs: get inspired." >> one of the most bizarre world record attempts conceived. an ohio man attempts to do the most fist bumps. he walked around the university of akron with his fist pumping in the air. the video has yet to be submitted to the "guinness book of world records" for review. the craziest part of the whole
story, he apparently super glued his hand shut to keep it in the fist position. >> is that true or did we make that up? >> our producer tells us that's true. that's one of the stranger ones i've ever seen. can you set a record on anything you feel like doing? >> sure. is there anything you want to do. >> i'll think about it for the next hour or so. on "snl" joey biden stewing over the president's same-sex marriage announcement and the burning question about "time" magazine's breast-feeding cover. did you see it? >> i did see it. >> take a look. >> "time" magazine, this is the image you went with for mother's day? what's with the camouflage pants? there's not enough camouflage in the world to hide from the blow back this kid will experience. i understand you have to do what it takes to sell magazines and it's a good cover. if you wanted a great cover you would have photo shopped out the chair. i mean, really.
>> 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 this have something to do with the whole gay marriage thing? >> ah, doy! it's not fair. i was the first one who said it should be legal, 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, that was the funniest part. >> more and more is coming out about what happened, whether biden meant to do it, whether the president was mad at him for doing it, whether he apologized. it does seem he went in and there seem to be a lot of reports that he said, sorry for forcing your hand. >> you have to wonder. it has so many layers. >> it could be entirely
political or entirely sincere or somewhere in the middle. coming up, the far-reaching fallout from jp morgan chase's $2 billion blunder, starts right at the top. you're watching "early start." ? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole grain oats that can help lower cholesterol? honey nut cheerios. ifif y youou'r're e lolookokinio lowegeget t totogegethther, yoyou u cacameme t to o ththe. 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. is to create it. [ female announcer ] now create a new future for your skin. only aveeno positively radiant has total soy, for a whole new level of radiance. it's clinically proven to visibly reduce blotchiness, brown spots, and other past damage, while broad spectrum spf 30 helps prevent future damage.
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did you notice anything different this morning? we have a brand new look. happy you're with us, welcome to "early start," i'm zoraida sambolin. >> i'm ali velshi in for ashleigh banfield. it's 6:00 a.m. in the east. let's get started. >> up first this morning, pain at jp morgan chase. according to bloomberg, the banking giant will accept the resignation of ina drew as early as today. she's one of the highest ranking women on wall street. pulling down a salary of over $15 million a year. the entire staff of the company's london chief investment office could also be dismissed. more fallout from the investment firm's staggering $2 billion loss stemming from the risky trades. the so-called proprietary trades are what took down aig during the financial crisis. jamie dimon doing damage control on sunday's talk shows.
>> this is a stupid thing we should never have done but we're still going to earn a lot of money this quarter. it isn't like the company is jeopardized. we hurt ourselves and credibility, yes, that we have to fully expect and pay the price for that. >> and christine romans is with us this morning. and burning question at least for me is why should i care? >> you should care because, look, three years after the financial crisis the very kinds of things, credit default swaps and risky hedge -- is it hedge, insurance or is it a raw bet? all of a sudden, $2 billion in losses, this is what brought aig down. this is a much smaller scale, a subject but shows you things haven't changed and the rules and regulations to try to rein this stuff in are not in place. goldman sachs and morgan chase are trading for the benefit of their firms. bank it takes your money, takes your deposits or a bank has been investment bank and they help companies go public or help companies buy other companies.
morgan is trading its own money to make money for itself, something in the wake of the financial crisis many people wanted reined in. >> who is this woman who has resigned, aina drew, by all accounts many don't know who she is and never heard her name and got to be one of the most high-ranking women on wall street. >> $15 million, there aren't that many women who get all the way to the top. jamie dimon believes in results so this is clearly a woman until now has gotten results. would you agree? >> sure. >> you don't see women get this high. banking is banking. it's a dog eat dog profit-driven business. >> a bit of a guy world. >> in "the daily news" they call her the fall gal. >> if she ran this office and division it was her job to make sure this didn't happen. jamie dimon said there could be another $1 billion maybe and in the hedge fund world people are
salivating how they can squeeze dimon for some more profit on their end. there's a lot going on in the trading world that's fascinating. elizabeth warren, somebody who had the president's ear about banking reforms and reforms of just these kind of practices, she's someone who has said jamie dimon should not be on the board of the new york fed, a regulatory body. >> on top of the company who did this sits on a body that regulates banks. you can get why people who don't follow the story as closely are saying i don't understand a piece of this, i don't understand proprietary trading, credit default swaps. >> when we were chatting this morning you mentioned gambling analogy and it hit home. >> these banks have said let us do these things, this proprietary trading because we're hedging, providing an insurance for ourselves for tough times. neither morgan chase which
basically sold that so-called insurance nor the people trading against morgan chase who were buying the so-called insurance had anything to do with the underlying assets so if you owe me money and i take out an insurance policy because i think you may not pay me that's one thing. if you owe christine money and i take insurance out on that, that's a bet. >> he's taking out insurance you're going to pay me but nothing happens to him if you don't pay me. >> that's where it becomes a bet. >> that's a ding, ding, ding, moment, okay, i get it. >> people tweeting, who cares? let them fall. a, they won't fall but b it's in your 401(k). if it gets as serious as aig, aig crippled the entire world. >> when people say i don't care about the banks, break them up or make them smaller. banking has become complicated but we don't weigh want to root for bankers to fail because that's the oxygen of the
american economy. we'll have elizabeth warren in the 8:00 hour and she's the one who made the controversial call to have him step off the fed board. morgan chase not only in a major company crisis. yahoo!'s chief executive scott thompson is out after four months on the job. before leaving he told the board of directors he was beginning treatment for thyroid cancer. scott thompson resigned in a scandal over his resume claiming a computer science degree he never earned. ross levinson will replace him as the interim ceo. big day for mark zuckerberg. you know this, maybe you don't know this, he turns 28 years old this morning and also today this is what kicks off a huge week for the young tech tycoon. facebook is expected to start selling stock and trading on the nasdaq this friday. the ipo could value the company
at $100 billion, making it worth more than disney, ford and craft foods. >> if i were a buddy of his i wouldn't give him a big gift because he'll have a big gift on friday. you're looking at fires in arizona. four separate fires are burning across the state. the sunflower fire was spotted saturday. by sunday, some 2,700 acres had burned. >> terrain is extremely rugged out here, lots of steep canyons, rocky, and other variable is the dry, hot conditions. >> fire officials say extreme heat and dry vegetation created a high fire risk in some parts of the state. >> the defense begins its case in the corruption trial of john edwards. lawyers argued for a mistrial
friday claiming prosecutors failed to make their case. the judge denied that motion. edwards is not expected to testify. the cover of "newsweek" is shocking more than a few readers this morning, it features barack obama with a multicolored halo over his head describing him as "the first gay president." last week he made history publicly backing same-sex marriage. this afternoon he'll be in new york attending a lesbian, gay, bisexual, transgender event hosted by ricky martin, guests paying up to $35,000 apiece. he is a father, a husband, a former police officer and most recently an fbi agent specializing in counterterrorism. he's also now missing. find out why everyone is so worried about him. right after the break. hey dad.
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a major manhunt is under way in southern california, 100 fbi agents and dozens more law enforcement officers are on the hunt not for a fugitive, for a fellow agent who has been missing since last week. alina cho is here with more on the bizarre story. >> it sparked the largest manhunt in burbank, california, in two decades and spanning a wide area of l.a. county. good morning, everybody, what is so troubling about this story, special agent steven ibens is said to be despondent and possibly suicidal. authorities won't say why that is the case but it is the reason why those searching for him are so concerned. ivan's 35 years old, was last seen thursday night, according to authorities. the very next morning on friday police say he left his burbank
home on foot and then simply disappeared and it is believed that he took his handgun with him. >> there is no history of violence associated with special agent ivans or any known threat to the community, as the investigation has covered no evidence of foul play. special agent ivans is known to have been distraught and investigators believe he may possibly be suicidal. >> he is said to be an avid hiker and runner. fbi officials say dogs have tracked ivans' scent near the verdugo mountains east of burbank and they're looking throughout los angeles county. very big mystery. why would this fbi agent seemingly well liked by colleagues, a father and husband, vanish into thin air, why would he leave, the big question and more importantly especially for his family where is he now? >> what do we know about how long he's been at the fbi and
what he's done? >> he's been there three years, focuses on national security, counterterrorism cases. he's said to be a valuable member of the team, never had any disciplinary problems and before that he was an l.a. police officer for eight years so long history in law enforcement. >> solid career, family you said, he's got family? >> that's right, and this is what makes it all so confusing, seemingly a solid career, a family man, father of a 1-year-old son, married, as i mentioned. it was his wife who reported him missing on friday morning, at about 7:30 in the morning, and she has told authorities that the last time she saw her husband, was when she went to bed thursday night. she woke up the next morning and he was gone. >> what a story, it is very strange and the manhunt continues. thanks. >> it is 12 minutes past the hour. one of the highest ranking women on wall street is expected to step down as early as today at morgan chase.
according to several reports she will resign over the firm's staggering $2 billion loss and according to bloomberg the london staff of the company's chief investment office could be dismissed. ceo jamie dimon confirming the banking giant could lose another $1 billion from risky trades before everything shakes out. how could this happen, two years after financial reforms? at 7:00 eastern on "starting point" we'll ask former fdic chairwoman sheila air. and elizabeth warren will join us in the 8:00 a.m. hour, we'll ask her why she's calling for the ceo of morgan chase to resign. at least four wildfires burning across arizona, each fueled by gusty winds and tinder dry terrain. the largest blaze, the sunflower fire in the tanto national forest has grown to some 2,700 acres despite a large ground and
air offensive. authorities in mexico are assuring civilians are not being targeted after the gruesome discovery of 49 decapitated and dismembered bodies, littered along the mexican highway. the killings believed to be the work of a drug cartel, the bodies discovered 80 miles from the u.s. border. students in boston university holding a candlelight vigil to remember three classmates killed in a tragic car accident in new zealand, part of a group studying abroad. the students on a sight-seeing trip to one of new zealand's national parks when that crash occurred. the u.s. army is now placing women in combat, opening 14,000 combat-related jobs to women, that is starting today. six new military occupations are now open to women, including intelligence, sergeant, and health care sergeant. still 30% of army jobs will
remain restricted to men. if you're leaving the house right now you can watch us any time on your desktop or mobile phone. just go to cnn.com/tv. >> if you're going further than just to work, if you're traveling in and around the northeast this week, rain could be a factor. alexandra steele now today's weather. good morning, alexandra. >> good morning to you, ali. you said it right. you're going to walk out the door in the northeast in the mid-atlantic and the south ensconced in clouds and rain and fog, so really a slug of a go, really just a rain train, parade of moisture, the rain moving over itself from charlotte to greensboro to knoxville and from the catskills in new york state to the smoky mountains enhanced rainfall. if you live in those areas you'll see a lot because of the aurographic lifting of the mountains. one to two inches could see three to four. new york is dry right now but around the metros a slow go not
only today but tomorrow as well so the last two days where we've seen the rain in the gulf coast, south through atlanta we saw so much rain this weekend in the southea southeast. as we head from today into tomorrow here's the rain along the 95 corridor and inland a little bit where the moisture is building up, and where the mountains are. the 95 corridor is wet, to the west of it certainly a heavier amount of rain. boston to new york to philadelphia. big picture today, there is the rain in the northeast, mid-atlantic and southeast. we didn't talk about the heat but phoenix, 103 yesterday, 94 is the average for phoenix, 100 degrees for the next four days and getting down into the upper 90s so the heat really on big time here, some showers moving into the west, temperature department, los angeles at 73, really it's that phoenix area seeing the intense heat, southwest arizona, but biggest travel troubles today, there it is, new york metros, philadelphia also, atlanta, georgia, kind of clouds, low clouds this morning, we're going
to see that throughout the afternoon. san francisco, low clouds there, but in and around new york if you're traveling to or through, bank on some long delays today. we'll talk more about the forecast and "early start" has nor in a bit. >> 103, 104 in phoenix. all that goes through my mind is elch. >> one degree with the records is huge. 94 where they should be to 103 is a record or whatever it is, one degree differential in the southwest is really a big deal now. >> zoraida can have it. i'll stay up here in the gloomy, wet northeast. thanks. >> sunshiny and hot, love it. thank you. no surprise yahoo!'s ceo has quit amid the resume padding scandal of his. the shocker however is what that ceo scott thompson told the board of directors on his way out the door. we'll tell you about it, after the break. for an expanded look of our
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i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. it is 21 minutes past the hour, we are minding your business this morning. u.s. markets closing lower for two weeks. the dow lost 30 points, the nasdaq almost flat and the s&p 500 closing in the red. >> u.s. stock futures are sharply lower this morning, lots of uncertainty in the markets globally, the focus on greece. negotiations are continuing. they don't have a government yet. christine romans is here, not going to talk about greek. >> i will say one thing about greek, my one thing to know, only a $300 billion economy so small but the fact that greece could be a big concern euro, the eurozone and for us, shows you the world is a big and small
place at the same time. >> when were they this influential? >> the olympics. >> yeah, the original olympics. the ceo finally out the door, most of us guessed this was going to happen. >> a couple weeks coming. he said he had a computing science and accounting degree from stonehill college, it's been in company documents at paypal where he was before and now at yahoo!. company documents have to be sworn to be absolutely truthful by the ceo. >> right. >> he only has a degree in accounting, sounds like a small thing but there was an investor in this company who has been trying to wrangle some seats on the board, brought this up. >> because he's generally frustrated about the company. >> let me show you why the investors are generally frustrated. yahoo! stock over the past five years shows you that the stock is down some 44% over the past five years. it's down 11% over the past year. they're saying, come on, we want to have a better say, and they dug up this stuff about his past. now here's where it starts to get unfortunate and pretty
interesting as well. "the wall street journal" is reporting he has informed the board, scott thompson informed the yahoo! board he is beginning treatment for thyroid cancer so his credibility and his resume under fire for the past couple of weeks, investors wanted him out after a tumultuous year at yahoo! in general and now he's got according to "the wall street journal" a medical issue to deal as well. >> it's a head scratcher why he would lie on his resume. originally i thought he didn't have a degree but he does. >> we talked to human resources management type folks. there is he a lot of different surveys on this as well. more people lie about their experience and their degree than you would expect. education is the number one reason why people lie on their resume and the second reason is what kind of experience they have or what their job was at a particular company and one of the reasons why people lie so frequently about what their degree is, is because they're trying to make it match what they're trying to get. i don't know what scott thompson was doing.
the company called it an inadvertent biographical error. >> you said something interesting, scott thompson is 54 years old. most people who are internet savvy, you would think the ceo of yahoo! is, would know you can find out the real information on anybody for no money. >> why would you have to embellish a degree, when steve jobs dropped out. >> accounting degree is not a silly degree. >> he's got a track record and he ran paypal. the take-home advice to me is everyone screen your resume especially if you're trying to get a new job. for $10 on the internet everyone can find out anything about your academic history. >> and when you're young and savvy and got a good product that the degree doesn't necessarily matter as much. >> best of luck to him and his family as he begins treatment for tie 'roid cancer. >> thank you.
>> you're welcome. ahead on "early start," "newsweek" magazine creating a stir with this week's cover calling barack obama the first gay president. stay with us. e announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. [ man ] when i went to get my first new car, my dad said to get a subaru because they last. ♪ he drives a legacy, but i'm nothing like him. i got the new impreza. maybe i should have picked a different color... [ male announcer ] the all-new subaru impreza. experience love that lasts. ♪ who have used androgel 1%, there's big news.
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good morning. welcome back to "early start." i'm ali velshi. here's what's happening at half past the hour. chief investment offer ina drew expected to resign in the wake of morgan's staggering $2 billion loss and according to bloomberg, the firm may dismiss its entire staff at the chief investment office in london. ceo jamie dimon says no investor money was lost. morgan chase's stock however which does involve investor money took a 10% dive on friday. risky investments could lead to another $1 billion in losses at the company. john edwards is not expected to testify when the defense begins presenting its case this morning in the former north
carolina senator's corruption trial. his lawyers argued for a mistrial friday claiming prosecutors failed to prove their case. the judge denied the motion. it's not clear which witnesses the defense plans to call. an arizona fire crew is fighting to contain four separate wildfires across the state. >> thank you very much. the cover of the latest edition of "newsweek" magazine has everyone talking this morning. have you seen it? we'll show it to you here, features president barack obama with a multicolored rainbow over his head and the words "the first gay president." it comes a week after president obama made history by publicly supporting same-sex marriage. dan lothian is live at the white house with more details for us this morning. dan, this isn't the first time "newsweek" comes out with a controversial cover. >> reporter: not at all but this one is quite provocative and we can expect that everyone will be talking about it today. it's written by andrew sullivan.
it's an issue expected to come out may 21st but we now have that cover. it talks about what was behind the president's decision and what it really means and it comes after a weekend where you saw across churches in the country, african-american churches, ministers really struggling with the president's decision to come out and publicly endorse same-sex marriage. these ministers, some of them pulling back their support from the president, others saying that while they disagree with mr. obama, they will still support him, so there's still that division there among african-american ministers. expect this conversation to continue. the president heads to new york today, where he'll visit barnard college. he'll be delivering the commencement address there, also receiving that school's highest award, which is the medal of distinction, along with the president, a prominent gay rights advocate will also be receiving that award, and then the president appears on "the view" and will be attending two
fund-raisers, one of them will be hosted by ricky martin, of course, who came out openly gay entertainer came out a couple of years ago. >> i figured that ricky martin fund-raiser should be a lot of fun. >> it should be. i think what you will hear is this conversation continuing from the president. it's in that, you know, environment where these are people who have supported the president now for quite some time. they've been putting a lot of pressure on the president to speak up, and speak out on this issue. he's finally done that so we can expect that conversation to continue, and perhaps the president talking a little bit more about what went into his decision. >> it's interesting also in the "newsweek" article the contributor that you were talking about, andrew sullivan, says that this is not an aberration. it was inevitable, a culmination of three years of work for the. the to come out in support. >> that's right, and he talks about going way back to when the president was first thinking about running at a fund-raiser or a meeting that the president held, that he had a chance to go in and get a chance to really
meet the president, and during that meeting, someone asked the president about what he would do for her son, who happens to be gay, and if he wanted to marry someone and at that time the president was very strong in his conviction that this was something that could probably be taken care of by civil unions, and he did not feel that you needed same-sex marriage to fulfill what he thought was a quality for gay couples but we have seen the president over the last couple of years was going through this evolution finally last week coming out with his decision, and now everyone's talking about it. >> which i think is actually a good thing, all of the dialogue. dan lothian live in washington, d.c., thank you very much. >> okay. the fallout over morgan chase's $2 billion blunder cost the chief investment officer of the company her job. are other big banks making the same risky bets? if they are, that's where it affects you, that's where it
could affect the economy. you don't care about morgan chase you should. we'll tale you more about it after the break. the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪ that's my world. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need.
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good morning, new york. if you're not awake, wake up, but if you're not awake, you weren't around to hear me say that anyway so it's a useless thing to say. 66 degrees right now. going to go up to a balmy 69 with some showers. gloomy, overcast day particularly for one person, one of the highest ranking women on wall street is expected to resign from her post at morgan. ina drew is the bank's chief
investment officer, she ran the risk management division or oversaw it at least, responsible for the bet that cost the nation's largest bank $2 billion, probably more. her resignation coming days after the bank acknowledged its risky trades that they say were intended to protect the bank from financial risks, and had turned sour. that has a lot of people asking five years after the financial crisis brought this company and some of the world to its knees, how could morgan get it so wrong? are other banks making the same risky bet and could it crater the economy again in peter ba barresi is former economic director for the u.s. international trade commission and has some strong, strong words about this, peter, in terms that our viewer, still sleepy time for some of them at 6:30 in the morning, can comprehend because we don't deal in credit default swaps and don't deal in some of the complicated things, what is your take on what happened and what should happen to fix it in. >> let's look at what happened.
essentially morgan was hedging against risks on the other side of those trades were hedge fund managers gambling. how could ina drew be hedging and the hedge fund managers gambling at the same time? the answer is they were both because it's not possible for the banks to put in place risk managers that can fully understand the market with it evolving soapidly to avoid these kinds of calamities from happening. the bottom line is this can't be regulated and the banks that take deposits and make loans with your money need to be separated out from these investment houses that engage in this kind of activity. >> that's the distinction, it is not illegal to simply gamble, not illegal to bet on the direction that something will go in, whether it's an economy or a market or a certain type of loan, but it's dangerous if they take other people's money and it starts to become intermingled,
in other words, something probably bad isn't going to happen to morgan chase but it could and that could end up affecting a lot more people. >> worse than that, ina was making $15 million a year and now works in the same place as a banker who makes loans and takes deposits and things like that. wells fargo, very straight-laced. then they start to feel why aren't i making that kind of money and the bankers lose interest in making loans, and really take our deposits and use them for these kinds of purposes. wells fargo is doing that right now. it takes in a lot of deposits from main street and doesn't know what to do with them so it's basically buying a lot of securities. there's plenty of loans to be made to small and medium sized businesses but the big wall street banks don't have much knowledge of main street business, aren't interested in making those loans and they really shouldn't have those deposits. >> there is a distinction to be made here then that these banks are taking their own what they call their own money, the ceo of morgan chase, jamie dimon
said this wasn't customer money, wasn't investor money. is that a fair distinction? >> i don't know that it is. we've seen in the past where traders for example, bearings bank in britain was brought down, pushed into bankruptcy by a trader who basically bet the house. i don't believe that you can put in place investment officers that can keep that from happening. if you could, then why did ina drew let this happen? i'm not saying she's a bad person or she didn't have good intentions but the fact of the matter is no one has that kind of understanding of a gambling situation or the person on the other side wouldn't be making the bet against you. >> but peter, ina drew is reported to have been the kind of person who instituted these practices to protect themselves, to hedge. christine romans this morning was making a distinction between hedging and betting and the hedging is because you've got some interest in the underlying thing that you're making a trade on, and the betting is that
you're just betting on the direction of something you don't have anything to do with. >> when you hedge, you are making a bet. look who was on the other side of the trade, hedge fund managers who essentially do bet. my bottom line is they have dressed this up to look like something that it is not. jamie dimon is running a casino in this aspect of the bank. that's fine, because actually you can serve some useful purposes in the economy that we can't get into with the time that we have by doing that but those useful purposes should not be served by the people that take your deposits and those deposits are then guaranteed by the fdic, the federal government. when i go to the bank and put my money in, i don't want to see say slot machine in the lobby. >> peter morici, thank you very much, a professor of international business at the university of maryland and a former economic director at the u.s. international trade commission. zoraida? >> thank you very much. 42 minutes past the hour. let's get you up to date. here's christine romans. >> good morning again.
i'm going to start to the 2012 fire season in arizona, at least four wildfires burning across the state fueled by high winds and extremely dry conditions. the biggest one has scorched nearly 3,000 acres, despite an air attack and hundreds of firefighters on the ground there. trouble at the top for yahoo! the internet company removing its ceo scott thompson in the resume scandal. thompson claimed to have a computer science degree when he didn't, being replaced by ross levinson. before thompson left he told the board he had thyroid cancer. washington state giving out free vaccinations to battle its whooping cough outbreak. doctors say a shot doesn't guarantee you won't get sick but could make symptoms milder, make you less likely to infect someone else. so far there have been no deaths linked to whooping cough but "the new york times" reports more than 1,200 cases through early may. an ohio teen scores a prom date with an nfl player!
18-year-old joyce grendall asked cleveland brown joe hayden to the dance via twitter. she said it was a last ditch effort to get a date after he backed out. hayden said he was the one who was nervous. >> hey, joe, would you consider going to my senior prom with me because my date backed out and didn't go. this is bigger than i ever imagined. >> i am nervous, taking pictures with me and her family and everything, i feel like we were legit, does this look cool and everything, right? i feel like this is my prom, too. >> hayden says he never attended his own prom because he graduated high school early. today's best advice for you comes from actress and producer virginia madsen, a nice follow-up for you to mother's day. >> best piece of advice? certainly would have to come from my mother, and she told me
to always listen to the voice inside, and as i grew up, i found that to be very true, because she said, you always know what's really right and what's really wrong, so listen to yourself and you'll know what to do. >> i don't know, i love this little segment, giving you a little something to take to work with you, a little advice from someone we talked to. we talk to interesting people here at cnn. >> i love that. this is one of my favorite segments so thank you. we appreciate it. brooke boaldwin is in for soledad o'brien. >> hello, it's not good to be here bright and money. the money is a huge, huge story. good morning to all of you. ahead on "starting point" you've been talking about this $2.3 billion mistake by morgue son this morning we'll talk to elizabeth warren who you know she headed up the t.a.r.p. program, currently running for senate in the state of massachusetts, she's stepping forward and calling on morgan's
ceo jamie dimon to resign from his post on the board of the new york federal reserve bank. certainly news-making interview there. awful story, this 24-year-old grad student from georgia fighting off this flesh-eating bacteria, she's lost her leg at the hip, her family fears this morning she might lose her fingers as well. so we're going to talk to her parents to see there's anything possibly to be learned from this. and i know it's early, but we're talking math, the question we're asking you, are you smarter than an eighth grader? riddle me this. bag of coins containing only pennies, nickels and dimes, zoraida is like why are you asking me at 6:45 in the morning. with at least five of each, how many different combined values if five coins were selected at random? this kid has the answer in zero seconds flat. we'll put him and a certain member of our panel to the test
so that should be some good tv. >> oh, no. >> coming up in ten minutes. look forward to it. we make meeting times, lunch times and conference times. but what we'd rather be making are tee times. tee times are the official start of what we love to do. the time for shots we'd rather forget, and the ones we'll talk about forever. in michigan long days, relaxing weather and more than 800 pristine courses make for the perfect tee time. because being able to play all day is pure michigan.
it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells fargo priority buyer preapproval. it lets people know that you are a serious buyer because you've been credit-approved. we got everything in order so that we can move on the next place we found. which was clear on the other side of town. [ male announcer ] wells fargo. with you when you're ready to move.
welcome back. georgia woman is now in danger of losing her fingers to a flesh-eating bacteria. 24-year-old amy copeland became infected earlier this morning after a zip lining accident over the tallapoosa river near atlanta. she suffered a gash that became infected with the bacteria. she's lost a leg and part of her abdomen. her family says they're
optimistic awaiting what they call amy day. george howell joins us live from atlanta. when we're listening to all of the details here and hear that the family is optimistic, we can only think that they thought at some point she was going to die. >> well, indeed they had reason to believe that especially after that surgery, where she went into cardiac arrest and had to be resuscitated but this morning, i spoke with andy copeland, amy's father and he told me this, the family has been able to start reading lips, they've gotten good at this over the last few weeks and they were able to understand two questions, just last night, first, amy was asking about her thesis, she's pursuing a master's degree in psychology, so she was concerned about her course work there, and she also asked about her job, concerned that the time she's lost could count against her. her father says it's an example of her work ethic and obviously reassured that she will be okay. people understand given what she's gone through. zoraida, this happened two weeks ago when she was out with
friends on a zipline that snapped and a gash resulted on her left leg, this flesh-eating bacteria got into it, and obviously the wound was closed up, but days later she was back in the hospital, fighting for her life with this disease. >> okay, george, this is scary because a lot of people zipline and fall and get gashes and what do we know about the flesh eating bacteria. >> where did the bacteria get into her leg? was it in the natural environment? was it somewhere else? that is something doctors will want to look into but right now andy copeland says his focus is specifically on his daughter's health right now. he's not asking those questions. he just wants to make sure that he's there with his daughter, there with her as she progresses and he is optimistic she will progress. >> that's great news. is she breathing on her own yet? are we waiting for that to happen? >> not at this point. we know that she had 100% oxygen put into her lungs after this.
she's improed of to 33% now that is just shy, 12% shy of 21% oxygen, which is the oxygen level around us. that will be as you mentioned earlier, amy day, her father hopes to see the tube come out so she can start talking again and they can hear her voice. >> george howell, thank you so much. we'll celebrate amy day. coming up at 8:00 a.m. on "starting point," amy copeland's parents will be live with more insight into their daughter's case. people have been trying to picture this because it's somebody whose face we know so well, steve jobs. ashton kutcher acting as the apple icon steve jobs in a movie. see what he looks like in costume. you think he looks like steve jobs? not here. we'll show you some pictures afterwards and you might think so. >> if you're leaving the house, take us with us. we'll be on your desktop or mobile phone, go to wacnn.com/t.
i'm going to smack myself. i had one opportunity to see "the avengeravengers" and every else did. "the avengers" continuing to prove their powers at the box office. you got to see these numbers, they are quite remarkable, topping $1 billion on sunday. the superhero blockbuster was number one with moviegoers for the second straight weekend. disney unsurprisingly says there will be a sequel. >> this is a meteoric rise they had. we had other million-dollar movies but they got there really fast. a first look at ashton
kutcher as steve jobs. he's playing jobs in an biopic and looks just like him. tmz posted the photos taken on a movie set in los angeles. it is tentatively titled "jobs, get inspired." >> many people will see that who have bought the book it will be a big movie. on "snl" the burning question about "time" magazine's famous breast feeding cover, take a look. >> really, "time" magazine? this is the image you went with for mother's day? what's with the camouflage pants. you realize there's not enough camouflage in the world to hide from the blowback this kid is going to experience. in time, don't get me wrong, i understand you have to do what it takes to sell magazines but if you wanted a great cover, you would have photo shopped out the chair. i mean really.
>> joe, locked inside your room all day, what's wrong? >> what's wrong? are you serious? do you really not get it? >> does this have something to itwith the whole gay marriage thing? >> doy! it's not fair. i was the first one who said it should be legal and 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! >> and that is it for "early start" "the news from a to z." that was convenient. >> yes. "starting point" starts right now. >> it is "a to z with a little b." i'm brooke baldwin in for soledad o'brien who deserves a vacation this week.
things are about to get ugly at upmorgan chase after the firm's shocking $2 billion loss, top executives could be stepping down as early as today, and one prominent politician is now publicly calling on the firm's ceo to step down from his position with new york's federal reserve. plus yahoo!'s ceo is out, but it may not have been a resume scandal that actually sko forced scott thompson to step down. we'll tell you about the bombshell he dropped on the board of directors before he resigned. the cover of "newsweek" has a lot of you readers doing a, what? a double-take this morning. the picture of president obama with a rainbow colored halo over his heads and the words "the first gay president." here we go, monday, may 14th, "starting point" begins right now. -- captions by vitac -- www.vitac.com