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This is this Imus in the morning.
On the -- Good morning everyone leaders from JPMorgan Chase will face the fire of the bank's shareholders today at its annual meeting just days after -- revealed.
A two billion dollar trading loss.
Fox Business is that it appears in Tampa Florida with more on that an -- what are we expecting from Dimon and the other JP officials that are expected to talk to shareholders today.
What I keep in mind that JPMorgan chase his own internal investigation of the two billion dollar hedge loss is still under way.
You can expect the same language mr.
-- his used this was an egregious mistake this was a self inflicted wound.
But the shareholders have several issues on their plate that they -- take votes on and discuss.
There is the non binding issue over compensation there is the issue over separating out the -- in the CE OMR -- hold both positions.
There's also the potential issue according to the Wall Street Journal this morning.
Of claw backs Ina drew she did not -- she retired but we've been JPMorgan Chase there is the ability to claw back compensation in the form of stock and cash.
From an employee who brings about financial -- reputation -- harm to the institution.
There are some shareholders who would tell you that what is occurred over the last couple of days with a two billion dollar loss has -- the reputation of JPMorgan Chase.
As well as some of the bottom lines look they've lost two billion dollars in potential for more plus.
Lost eighteen billion dollars on the value of the stock so those are some of the issues that will come up at 1030 when -- shareholder meeting begins Diane.
-- Adam thanks a lot.
Let's take a look at how the markets are doing this morning out here in the US futures are in the Green across the board Dow futures are up by 58 yes -- up by seven.
And the nasdaq's up by seventeen over in Europe strong growth numbers are out.
In Germany and those are helping stocks German GDP grew zero point 5% in the first quarter that's five times faster than expected.
It really doesn't -- recession after its GDP contracted zero point 8%.
Both France's and the Euro zone's growth were flat stocks in Europe though.
Are holding on to Green territory just barely.
London's up by about six Paris up by nineteen and Frankfurt's up by almost thirteen but now let's take a closer look at what's moving those markets IG market sales trader will head -- Over and London will Greece is facing growing pressure from the euros down to -- the deadlock over creating a new government.
Will pressure help but -- it -- or is -- not really care what it eurozone think at this point.
-- Good morning as well.
I think in -- is -- ahead and -- -- I think a lot of people within sweeping Greece now what we -- DT -- about how they're perceived in the rest of the years and they'll be doing everything they can.
To try and that's trying to -- get the outcome they want them whether that means that they end up leaving here is on -- remains to be seen but it seems like this is becoming more -- more of a possibility.
And -- issues again in since since the stage off this morning had a bit of a side track with that the various GDP data coming out but then potentially confirming what.
Even stronger what we wouldn't need to Germany -- -- holding up the rest of the year -- things.
And it will we also German Chancellor Angela Merkel and newly sworn in French president fronts while on meeting today for the first time what should we expect that that meeting.
Where he won't -- we -- we're expecting this meeting is an -- fifty how.
How much of the river toward the homeland produced in getting elected effectively -- -- away from.
Nations that's -- -- 'cause you put in place back towards perhaps.
Our days to get the country growing whether this is gonna come to place with -- Who obviously was very one and on the so crazy and then there had sent out a click on the -- -- of what they wanted to do with your site.
I think initially will be looking to see whether there's any four out because -- he is gonna come.
We that we to Saudi difference set of measures and soft pricing and I think the markets will be a little -- I -- -- if that's the case.
All right that's well ahead and -- IG markets over in London thank them.
And investor demand for Facebook's initial public offering is building this a story.
We've been reporting but it's now official the social network has raised the price range for its IPO.
To between 34 and 38 dollars a share up from 28 to 35 dollars a share.
Sources say the increase -- overwhelming demand by investors on the company's road show.
FaceBook is now valued at between 93 and 104 billion dollars making it silicon valley's largest ever IPO.
It's expected to price Thursday night and start trading Friday on the NASDAQ under the ticker symbol FB.
Former chief executive of news international is facing charges over Britain's tabloid phone hacking scandal British prosecutors say Rebecca Brooks and her husband had been charged with -- the course of justice.
In connection with alleged attempts to hide evidence from police.
Four other people also will be charged according to British prosecutors in a statement Brooks and her husband say the decision to file charges with unjust.
News international's a division of -- of News Corp.
The parent company of the Fox Business Network here's a look at commodities now oil and gold oil back to the downside as -- gold.
Imus in the morning continues right now.
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