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U.S. Morning Call: It's all about Dimon's billion $$ apology

Wednesday, June 13, 2012 - 02:32

June 13 - JPMorgan's Jamie Dimon will testify before a Senate panel today on the bank's recent $2 billion dollar loss.

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Expect JPMorgan us Jamie -- -- to say sorry shareholders but not lawmakers when he appears on the hill in a few hours and normally outspoken chief executives testifying before a senate panel on the bank's recent two billion dollar loss. It prepared remarks he -- the incident not -- managed traders embarking on a misguided hedging strategy. -- and also defends its financial titans fortress balance sheet saying he expects the second quarter to be a profitable -- meantime expect senators repressed dot whether Wall Street is still a threat to the economy. At that hearing is expected to be on whether bags regulators can spot Reyes. Before they grow out of control diamond will also be pressed on whether the Volcker Rule would have prevented the banks failed hedging strategy. These sales out in just now -- are likely show the recovery is stuck in Iraq. The headline figures have for a slight fallout after a surprise month of weaker auto sales. I have arts says the road is being held back by -- toxic combination. Of sluggish wage growth and a lackluster jobs market. What stock to watch will be out the number two PC makers saying it will pay a dividend for the first time ever. Up 32 cents a share annually. The markets cheered the news sending Dell's shares up over 3% in after hours company holds an analyst conference call later today at keep an eye on the likes of Comcast and Time Warner Cable the Justice Department has begun an antitrust probe into whether cable companies. Properly to hurt online competitors. This is according to the Wall Street Journal it comes this increase in Yahoo! announced a deal to share contact us. At US Airways stock couldn't take flight later writers exclusively reported. The company is hoping to file paperwork with antitrust regulators as early as July for a proposed merger -- AMR the bankrupt parent of American Airlines but take a look US markets for the open stock futures right now pointing to a -- start of the trading day this after a comeback rally yesterday. Some potential. Headaches on the horizon concerns over Italy and Spain's debt -- being one. Also an influential Chinese Government advisors saying the country's growth could fall below 7%. In QQ. Feature of follow us on Twitter at Reuters -- also check out our TV analyst Reuters dot com slash Reuters TV. I'm Rhonda schaffler this is writers.

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U.S. Morning Call: It's all about Dimon's billion $$ apology

Wednesday, June 13, 2012 - 02:32