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FBN’s Robert Gray with news that the SEC is conducting an informal investigation into JPMorgan over the bank’s surprise losses.
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Grain.
And thank -- -- box business has confirmed the Securities and Exchange Commission is conducting an informal investigation.
-- -- JPMorgan -- is disclosure of two billion dollars in trading losses shares hitting fresh session lows at this moment.
Senator Bob worker remember the banking committee is now asking for a hearing on the event surrounding those losses.
JPMorgan says it lost the money over the last six weeks due to bad derivatives trades at its risk management unit.
The news again weighing heavily on the shares.
Oil futures meanwhile posting the biggest two week loss since September the -- -- consumer confidence -- in four years.
-- -- to slow today's sell off crude settling just above 96 bucks a share a barrel rather on the nymex now trading below that and after hours.
And a New York Times has reportedly selling its remaining stake in the Fenway sports group Dow Jones reports times and it is -- -- 63 million bucks from the sale.
Now we had down in a -- had a lady she's at the New York.
