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JPMorgan Ordered to Explain Why It's Withholding Emails

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    FBN’s Diane Macedo with reports that Samsung posted record second-quarter profits, and news that a judge has ordered JPMorgan to explain why it is w...

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Good morning everyone I'm Diana -- -- a federal judge has ordered JPMorgan Chase to explain why it's not releasing internal emails.

As part of an investigation into whether it manipulated electricity markets in California and the midwest.

The federal agency -- energy regulatory commission.

Had subpoenaed 25 -- as part of the inquiry JPMorgan says -- -- are protected by attorney client privilege.

-- -- says the which it claims JPMorgan Chase received at least 73 million dollars an improper payments the bank says it has complied with the law.

Samsung says it earned a record five point nine billion dollars in the second quarter driven by strong demand for its galaxy Smart -- Samsung says the phone is flying off the shelves and that helped offset weaker profit growth in its chips and other consumer electronics businesses.

The company is due to release its full second quarter results toward the end of the month.

Imus in the morning continues right now on Fox Business.