alison kosik is in the thick of things on coney island. alison, take it away. >> it's getting started. can you hear how loud it is? the introductions are starting for the women. you see on the stage there, that's where they'll be scarving down their hot dogs there. the women are being introduced. three hours to go before the competition started. and you talked about joey chestnut at the beginning. it's about him and sonia thomas. she is the other contender on the women's side. she downed 41 hot dogs last year. he downed 68. they'll try and hold that or at least hold it and maybe even beat it. joey chestnut says he's ready for the rumble. >> i feel pretty good. i'm loose. empty. i haven't eaten solid food in about three days, and i feel really good. hopefully it's not too hot. i'll be sweating like a madman. as long as i can find my rhythm early on. >> reporter: ok. so we've got the hot dogs here. i'm going to go ahead and show you, brooke, how they go ahead and down so many hot dogs in 10 minutes. christine is going to hold my mic. i have

alison kosik, i have interviewed her before and i remember one of the funniest things she ever told me is when she goes on a date, she likes to go to the buffet. can you hear me? >> reporter: nice. talking about the women. the women's championship is going on right now. they're shoving as many of these as they can into their mouth. thing they're three minutes right now into the contest. the goal of this thing, of course, is to see who can eat the most hot dogs in ten minutes. the woman to win is sonya "the black widow" thomas. as you said she downed 41 hot dogs at one point. that's her record. she's trying to beat it today. of course, in about a half hour the men are going to take the stage and the favored to win there is joey chestnut. he downed 68 hot dogs. he's trying to beat his record as well. says he's prepared for this because he hasn't eat about solid food for three days. there is a technique for this. they go ahead and split the hot dog in half. they also have to eat the buns -- split the buns in half and dip them in water. do you want to come and join us? >> you're making me

alison kosik live. thanks so much. i want to continue on this narrative as well because governor mitt romney is on vacation, but with this lousy jobs report, it's reason enough to get right back into the game. have yourself a press conference even if it is brief. we did see the governor react to this and react fast. he is laying out a 59-point plan. i'm curious if he's echoing that louder than the job numbers. >> reporter: 90 minutes is how fast he got out in front of the numbers. the reason i think that is such a good question is because certainly what mitt romney has been doing and continued to do today was really, really hit the president on the fact that these job numbers are still bad because that is his best, best point. anybody agrees, against the president for not having another term in office. mitt romney has gotten criticism not just from democrats but there's been some friendly fire from the editorial pages in this country, the wall street journal and the weekly standard saying that mitt romney needs to not

alison kosik is at the new york stock exchange. this was in "usa today." angry customers lashing out at direct tv. what's going on? >> but it's not only direct tv in this equation. if you go and ask viacom what's going on, and viacom says, you know what? direct tv dropped its programming at 11:50 eastern time last night, and viacom said the last it heard from the carrier before that was more than 12 hours earlier at 11:00 a.m. so, sure, directv dropped the station 10 minutes early, but what they are claiming is that viacom threatened legal action at 11:24. so, yes, this was almost inevitable if they couldn't work it out, and they didn't. this has been pretty lepublicizlepublicizwell publicized if they didn't reach a deal. directv say that viacom wasn't up for them carrying the channels until they worked it out. >> this is going to affect a lot of people. do you think that people will dump directv because of this? >> it could be. you know, it's quite a possibility. we'll have to wait and see what pans out. but remember this. unlike time warner or verizon, d

alison kosik is joining us from the new york stock exchange and apple missed the earnings target, but some solid earnings report are push iing the dow higher today. begin with apple. >> okay. so with apple, fredricka, it is all about the expectations, and usually apple just blows it out of the water, and i'm talking about the earnings, but this time around the company's earnings came in worse than expect expected. one of the problems for apple, it only, and i is a i this lightly only sold 26 million iphones and sound likes a lot, but it is a big drop from the previous quarter and what analysts think is happening here is that the consumers are waiting for the next model of the iphone to come out before they buy the new one so what happened according to the analysts is that they held off buying the old iphone and that hurt the company. apple shares are hurting, too, down 4%. fredricka. >> all right. we are also hearing about problems in europe affecting companies right here in the u.s., and what evidence are we soog that it is an earnings? >> yeah, ford is definitely one of the companie

. >>> i'm alison kosik from new york. better than expected profits, citigroup, coldman sacks, bank of america and morgan stanley will report earnings. we'll hear from heavy hitters on the dow and tech giants microsoft, google, ibm and intel. also on wall street's radar, federal reserve chairman ben bernanke will testify on capitol hill and on the economic calendar will get some insight into the stru struggling housing market and retail sales. >>> here is what we are watching this week. more continuing coverage of tom cruise and katie holmes, how they're splitting their time with their daughter, sri. of course you remember the original karate kid, ralph macchio, right? he'll be joining us this week, as well. >>> a mystery illness that killed dozens of children is no longer a mystery. two doctors teamed up to crack the case in cambodia and save untold lives. that's next. >> you don't have to be in front of a television to watch cnn. you can do what i do, go to cnn.com/tv. >> announcer: you never know when, but thieves can s

alison kosik, talk to me. are we seeing good news possibly for them? >> reporter: everybody chomping at the bit by the way for this report. it's kind of hard to think of $10 billion in profit as bad news, but believe it or not some analysts, brooke, are a bit more cautious this time around. one analyst says weakness in china and europe could cause apple to miss estimates. say it ain't so. many are expecting iphone sales to be lower but still clock in with an impressive $29 million in sales. that's because some are speculating people are holding off. they're waiting for the next new model to come out. some people think it may come this fall. that's the 4g. we have an indication of apple sales from earning out from verizon and at&t because both of those carriers already said that their iphone sales fell. but it really is ipad sales that everybody's got their eye on. $16 million that's the number we are looking for here in the latest three months. 16 million ipads sold. we will see if that comes true, brooke. >> that's incredible. we also note in addition

alison kosik, talk to me. are we seeing good news possibly for them? >> reporter: everybody chomping at the bit by the way for this report. it's kind of hard to think of $10 billion in profit as bad news, but believe it or not some analysts, brooke, are a bit more cautious this time around. one analyst says weakness in china and europe could cause apple to miss estimates. say it ain't so. many are expecting iphone sales to be lower but still clock in with an impressive $29 million in sales. that's because some are speculating people are holding off. they're waiting for the next new model to come out. some people think it may come thisfall. that's the 4g. we have an indication of apple sales from earning out from verizon and at&t because both of those carriers already said that their iphone sales fell. but it really is ipad sales that everybody's got their eye on. $16 million that's the number we are looking for here in the latest three months. 16 million ipads sold. we will see if that comes true, brooke. >> that's incredible. we also note in addition

. >> let's bring in alison kosik, the nerdiest among us, sitting in for christine romans. christine is typically the top nerd on the desk. there's been a battle brewing between ipad here and ipad in china who is going to use the name. >> you always think, you step back and think what's in a name. for apple especially everything is in a name. what's ironic is you think about when the ipad first came out, we all made fun of the ipad, there were all of those spoofs. where did they come up with the name ipad. the world's most valuable company has been locked head to head in the lawsuit with a company in china called pro view, they make these monitor force computers. and at issue here was, who owns the name, ipad. this company pro view or apple and apple said what happened when it bought the ipad trademark from pro view to use in several companies. but chinese authorities said the rights in china weren't transferred. so after two years of back-and-forth, it was settled for $60 million. it isn't about the money. that's not a big deal for apple. for apple, it was about sales, it

alison kosik at the new york stock exchange. we mentioned the spanish banks and boost they gave to the markets. beside the $37 billion infusion spain gets the next three years or two to get the government's financial house in order. that's important. oh you too! ooh, hey america's favorite cereal is... honey nut cheerios ok then off to iceland! ♪ ♪ ♪ ♪ >>> the famous air show is going on in england right now, already grabbing a new $7 billion contract for some of their planes. really this is just an excuse to show you extraordinarily cool video. this is the massive airbus a-380 luxury plane and it's doing tricks. not the kind of tricks they do with you on board. that is awful cool, isn't it? look at that thing banking. as part of their sales presentation and it's just not that often you get to see a 600 ton plane doing a 360 like that on purpose. i wish we could hear the sound down below, what they'd be saying. man, that is awesome. >>> she is a fashion icon from a designer dynasty. donatella versace. she opens up about

alison kosik is at the new york stock exchange. let me get this straight. the credit card companies are being punished and so are we. >> you got it. that's in a nutshell. isn't that lovely? i know. i'm with you on this. keep in mind, though, if this is approved it would be the biggest antitrust settlement ever. a judge still has to give his or her okay on this. what it does is settles the big dispute that's been going on with 7 million u.s. retailers and credit card companies. what happened was these retailers claimed that visa and mastercard fix these swipe fees and that's a processing fee they charge retailers on each trance action. what they say happened is they didn't allow those retailers to pass that cost on to us. on to consumers. the retailers claimed that was illegal collusion. visa and mastercard are settling the charges out of court. yes, the retailers won but guess what the consumers, we are going to lose a bit of money each time we use our credit cards. we are seeing how this all rolls downhill. retailers are going to be passing these swipe fee

alison kosik has today's help desk. >> we're helping you plan for retirement. it's never too early to start. with me is liz miller. listen to this question. >> my question is regarding 401(k). i have one going now. i'm not sure what my target percentage should be that i'm contributing that. i'm 30 years old now. in order to retire comfortably, what should i be trying to put away. >> isn't that the money question? >> it is. first of all, at 30 years old if you can afford to, you want to put the maximum in. it's great deferred income. it's proven to be a great long term investment for retirement. the second part is does your company make a match. i always tell young people goal one is to put enough aside to get the entire match your company might be giving to a 401(k) or call that an associated profit plan. you really want to save enough to hit that. at 30 years old if you can do it, max out that 401(k). >> should it be the only investment for people? a lot of people think i'm contributing, that's enough. >> you want to get the free money from the company, but th

alison kosik, tell us about this recommendation system and what you found out. >> to amazon's credit, kyra, this is not all that different from what other websites do right now. you are there to shop, after all. you know, think of all the times you are looking for a dress online and then you see the store's ad pop up on another site you were on later in the day and you thought, gosh, how did they know that? all about how they track your shopping online. now, you probably noticed if you're on the amazon site and you're browsing there, a bunch of items pop up that are called recommended for you. you think, oh, wow, i like that. but amazon's recommendation formula is pretty simple because it bases its suggestions on what you bought in the past, which items you have in your shopping cart, the items you rated and what other customers have viewed. so, let's say you're a new parent and you may see suggestions for bottles, diapers and other things for a newborn and sports fans, you know, they may get recommendations for collector's dvds and things like that. it does have an appropriately tech

next on reporter roulette, alison kosik at the new york stock exchange. i can't stand it when the 4th of july doesn't fall on a friday or a monday. oil prices on the way up again? >> they were the today they are down again. as far as gas prices go, believe it or not, you could see the slightest bump up in prices. more drivers hit the road. an analyst at gas buddy says you can see prices increase over the next couple of days. the general trend for the rest of the summer for gas prices is likely a decline or just for them to hold steady. right now the national average is sitting at $3.33. that's according to aaa. we know oil and gas prices are tied to each other. it takes a couple of weeks for gas prices to follow along. after we have been watching oil prices fall for most of june, it spiked at the end of last week. now they are coming down ain as traders take some profits off the table. as the trend continues, we could see gasoline prices follow suit. >> i've been watching those gas prices going down all week. somewhere in my 400 e-mails that came in, ther

next on reporter roulette, alison kosik at the new york stock exchange. i can't stand it when the 4th of july doesn't fall on a friday or a monday. oil prices on the way up again? >> they were the today they are down again. as far as gas prices go, believe it or not, you could see the slightest bump up in prices. more drivers hit the road. an analyst at gas buddy says you can see prices increase over the next couple of days. the general trend for the rest of the summer for gas prices is likely a decline or just for them to hold steady. right now the national average is sitting at $3.33. that's according to aaa. we know oil and gas prices are tied to each other. it takes a couple of weeks for gas prices to follow along. after we have been watching oil prices fall for most of june, it spiked at the end of last week. now they are coming down again as traders take some profits off the table. as the trend continues, we could see gasoline prices follow suit. >> i've been watching those gas prices going down all week. somewhere in my 400 e-mails that came in, th

alison kosik. at&t isn't forcing anyone into these new plans. >> the company will keep the old plans available for pple who want them. that's one of the things that's different from what verizon is doing. don't expect those old plans to stick around forever. they are clearly the future of the wireless industry. verizon's shared plan has been around for less than a month now. look at this. it didn't take long for at&t to follow in its footsteps because what's happening now is we're not talking to each other more. we don't use our voice plan more, which is kind of sad. we're texting and e-mailing more. the wireless companies have to build up their networks. it's very expensive. they are passing that cost onto us with the shared bucket plans. >> the question is, how many phones and other devices can you connect? how much can you connect to your data bucket? >> with at&t just like verizon does, they limit you to ten devices per plan. each device that you add comes with an extra monthly charge. another

alison kosik. at&t isn't forcing anyone into these new plans. >> the company will keep the old plans available for people who want them. that's one of the things that's different from what verizon is doing. don't expect those old plans to stick around forever. they are clearly the future of the wireless industry. verizon's shared plan has been around for less than a month now. look at this. it didn't take long for at&t to follow in its footsteps because what's happening now is we're not talking to each other more. we don't use our voice plan more, which is kind of sad. we're texting and e-mailing more. the wireless companies have to build up their networks. it's very expensive. they are passing that cost onto us with the shared bucket plans. >> the question is, how many phones and other devices can you connect? how much can you connect to your data bucket? >> with at&t just like verizon does, they limit you to ten devices per plan. each device that you add comes with an extra monthly charge. anothe

alison kosik. >>> and good morning to you. i'm carol costello, stories we're watching now in the newsroom, another day of summer swelter for millions of you. this morning heat advisories and warnings are up in at least 16 states from missouri to south carolina. temperatures are expected to soar into the triple digits. in colorado springs, colorado, exhausted fire crews have finally gained the upper hand. the waldo canyon fire now 55% contained but only after a terrible toll. two people killed, 350 homes lost, dozens and dozens more homes damaged. >>> enrique pena nieto is the projected winner of the presidential election. it would return the center left eri party to power after losing the presidential vote in 2000. the second place finisher in yesterday's election has not conceded. an individual vote count xwins on wednesday. >>> once we get past the july fourth holiday the candidates for president here in the united states will be on the move again. mr. obama's campaign will break out the bus. it will take the president and h

let's go to alison kosik at the new york stock exchange. and my goodness. i mean, how big of a fine are we talking about and what issues, specifically, do these planes have? >> and it certainty doesn't make you feel all warm and fuzzy inside when you hear this, that's for sure. delta airlines will be paying almost $1 million in fines, brooke. the airline is accused of flying two planets without making the required repairs. it included repairs for a chipped nose cone of a boeing 737. what the faa inspector says happened during an inspection back in february of 2010. he said he saw these chips in the nose cone. that's where the weather radar and the navigation equipment is. and these chips were pretty deep. but when the airline's maintenance center was called about it, they said the damage was acceptable and no more maintenance was needed. and then they flew the plane. that second plane, by the way, that was involved in this, involved a broken floodlight in a cockpit. delta does say that the safety and the security of our customers and crew is delta's highest

alison kosik is live for us. all right, what is wall street looking for? >> reporter: so the expectation, brooke, is that facebook will report revenue in the april through june quarter of about $1 billion. yeah, it sounds like a lot, but it's really not considering that facebook has 900 million users. i know you're on facebook, as an individual e

cnn's alison kosik is joining us from new york right now. all right. alison, a massive loss, more than $5 billion. that's what we know. we were originally told it was about $2 billion. >> right. >> but the company stock goes up. go ahead and explain what's going on. >> reporter: and you know, just so owe now, that trading loss is expected to go even higher. anyway, wall street is still pretty darn happy about it. jpmorgan shares rallied today up almost 6%. because, wolf, the way investors see it, they feel the worst is behind jpmorgan. they knew these big losses were coming. and guess what? they didn't think they were that bad after all. even with the controversy, jpmorgan has still made $5 billion for the april through june quarter, the second quarter. and it's made $9.9 billion so far this year. plus, jamie dimon, the ceo of jpmorgan chase said they actually may make money on these risky trades that they made that they're unwinding. outside of this trading disaster, business is good atd jpmorgan, investment, retail and loan business. >> explain this

want to bring in alison kosik of the new york stock exchange. did you hear that? chad had a corn farm. >> i'm amazed. so you know he probably can relate to this. talking about corn prices here. you know over the past month, suzanne, prices for corn have gone up more than 40% because of those extreme drought conditions that he was talking. even wheat and soybean prices are also going up as the drought drags on and on. when you think of corn as a commodity, it's just like stocks. it's like oil or gold. what it does, it trades on the open market in the form of a futures contract. so one analyst says it could take up to 6 to 12 months before we see a spike in prices at the grocery store. what food companies try to do, though, they try to hedge those costs and not really pass it on to consumers in one full swoop. look at consumer spending especially now, it's weak and many people may not respond well to price hikes. i talked with one ceo, ken powell, ceo of general mills how to control the potential impact on consumers. >> we know the market is gyrating a bit on corn r

alison kosik is joining us from the new york stock exchange to talk about how this is impacting all of us. >> reporter: okay. let's talk about the shares. the shares are jumping a whopping 6% right now. the 5.8 million dollar trading loss is almost triple what the bank originally predicted and guess what? ceo jamie dimon says the losses could get much bigger but the way that wall street sees it is investors have heard from dimon himself, not the speculation that's been coming out over the past several months and analysts say the way the market sees it the main reason you're seeing shares of jp morgan jump is there is this feeling the worst is behind them. >> so is this going to impact a lot of 401(k) accounts? >> as you look closely at the portfolio jp morgan most likely is probably in a lot of your every day investments. the total value of jp morgan shares that mutual funds hold is more than $50 million. one expert we talked to tells us it's kind of tough to quantify what the impact would be but the trading loss isn't likely to have a big impact on your savingsment even with jp morgan

alison kosik is joining us from the new york stock exchange to talk about how this is impacting all of us. >> reporter: okay. let's talk about the shares. the shares are jumping a whopping 6% right now. the 5.8 million dollar trading loss is almost triple what the bank originally predicted and guess what? ceo jamie dimon says the losses could get much bigger but the way that wall street sees it is investors have heard from dimon himself, not the speculation that's been coming out over the past several months and analysts say the way the market sees it the main reason you're seeing shares of jp morgan jump is there is this feeling the worst is behind them. >> so is this going to impact a lot of 401(k) accounts? >> as you look closely at the portfolio jp morgan most likely is probably in a lot of your every day investments. the total value of jp morgan shares that mutual funds hold is more than $50 million. one expert we talked to tells us it's kind of tough to quantify what the impact would be but the trading loss isn't likely to ha a big impact on your savingsment even with jp morgan s

alison kosik joins us from the new york stock exchange. we are talking about the manufacturers and what is troubling about the news we are getting today? >> okay. the news we got today is yet one more piece of evidence, suzanne, that the economic recovery here in the u.s. is slowing in certain spots, and this is coming after may's dismal jobs report and now we are seeing the momentum slow down in manufacturing as well. what we learned is that the manufacturing sector here in the u.s. contracted sharply last month. this is why it is a big deal. it marks the end of almost three years of growth for factories, and this is not an encouraging sign for the u.s. economy and especially because the manufacturing had been a bright spot in the recovery and what is happening outside of our own borders, we are seeing now directly impacting the u.s., and look at what is happening in the eurozone, and the debt crisis and the stalling growth in china. they are having a ripple effect to factories here. and today's reading is adding to the worries that the u

i want to bring in alison kosik at the new york stock exchange. he said essentially europe's debt crisis was the biggest threat. he also talked about a fiscal cliff in the hearing. specifically what was he referring to? >> okay. the good old fiscal cliff. yeah, get ready, suzanne, to hear that phrase a lot over the next six months. what that is is essentially a handful of different policies schedule to automatically expire early next year that would literally take billions of dollars out of the economy when the economy barely has a pulse unless congress does something. now, some of what would happen here is, number one, the bush tax cuts would expire. president obama says he wants to extend these cuts for americans who make less than $250,000 a year, but let them expire for families with net incomes above that level. what would also happen is the payroll tax cut. that would go away. that would mean less money in your paycheck. the alternative minimum tax would expand to upper middle income earners. some people would be paying more in taxes. also a

alison kosik is at the new york stock exchange. so controversial topic, controversial remarks. any backlash? >> oh, yeah. the tweets as you can imagine are flying in. most of them against chick-fil-a, but there are a couple of supporters out there. and of course a fair amount of people in a group saying we are just hungry, we want some chick-fil-a. but it's pretty well known that chick-fil-a's leadership supports right wing christian organizations, and it's not the first time that people have called for a pboycott of the restaurant chain. on its website there is a website that created that says boycott chick-fil-a that's been posting since last september. so it's really nothing new. now a chick-fil-a spokesperson does tell us that the chick-fil-a culture is to treat everybody with dignity, honor, and respect regardless of sexual orientation, and that going forward, their intent is to lead the policy debate over same-sex marriage and to the government and to the political arena. so you're seeing a little bit kind of softening, trying to dial back what the president of chick-fil-

alison kosik explains how it happened and how much money we're talking about. >> reporter: too bad our legislators don't realize time is money. the drawnout, dragout fight on how to lift the debt ceiling cost the government a whopping 1.3 billion, according to the general accounting office. money during the eight months before hitting it the debt limit. here's the irony in this. since last summer, the cost of borrowing money has fallen, the interest rates on a ten-year u.s. bond, but this isn't just about money. the gao also reported concern that it distracted treasury department. the treasury window up being forced to come up with extraordinary measures to keep the government operating. the gao says that diverted resources. >> we know the debt ceiling is coming up for debate again. how do we expect this to play out? >> here we go again. we're about $550 bhil onaway from hitting the debt ceiling again. we could hit it as early as mid november. delays action, yeah, it costs money. suzanne? >> a rough day for stocks. so take a look at the numbers. what is behind the sell-off? the dow dow

our alison kosik is watching, so to speak. somebody needs to blink here. we need that daily show, don't we? >> it's kind of a game of chicken, isn't it? viacom stations on directv went dark minutes before reaching a deadline deal. directv had said it was willing to continue carrying the channels while they duked it out. viacom said they are not up for that. a big part of the situation is over what is known as bundling m directv wants to let subscribers to pick and choose what channels they want instead of taking all of viacom's channels in a big mandatory bundle. you have to think, all of those hundreds of channels that you have on your dial that you don't watch, that you barely know exist. cable programmers are used to bundling, used to giving you sort of everything at once and they don't want this al a carte situation. >> what is happening on the stocks? we're four days now and counting with the losing streak. >> yes. it could be yet one more tacked on to that. stocks are a bit lower. dow down 31 points. investors are looking ahead in about three hours w

i want to bring in alison kosik at the new york stock exchange. he said essentially europe's debt crisis was the biggest threat. he also talked about a fiscal cliff in the hearing. specifically what was he referring to? >> okay. the good old fiscal cliff. yeah, get ready, suzanne, to hear that phrase a lot over the next six months. what that is is essentially a handful of different policies schedule to automatically expire early next year that would literally take billions of dollars out of the economy when the economy barely has a pulse unless congress does something. now, some of what would happen here is, number one, the bush tax cuts would expire. president obama says he wan to extend these cuts for americans who make less than $250,000 a year, but let them expire for families with net incomes above that level. what would also happen is the payroll tax cut. that would go away. that would mean less money in your paycheck. the alternative minimum tax would expand to upper middle income earners. some people would be paying more in taxes. also a b

w i want to bring in alison kosik from the new york stock exchange and tell us about that, because you have a week with jobs report and housing prices and consumer confidence and all of the information we will go getting as well as a look of the central banks. what do we think we will learn? >> and the central banks figure that it is really the main focus of wall street, because what it is about for wall street, suzanne, is the anticipation or the antici-pointment, if the central banks will jump in to help the economy. and the federal reserve wraps up a meeting by the end of the week, and it will be waiting to know if the fed is going to do something, and the calls are getting louder for the fed to step in and do something and something quick after the dismal jobs report and showing that the economic activity has slowed down in second quarter. and they say if they have to do something, they have to do it this week or next to september, because if it waits too late to the election, it could be viewed as a political view, and the fed is to be a nonpartisan party, and the central bank in

alison kosik is at the new york stock exchange. so controversial topic, controversial remarks. any backlash? >> oh, yeah. the tweets as you can imagine are flying in. most of them against chick-fil-a, but there are a couple of supporters out there. and of course a fair amount of people in a group saying we are just hungry, we want some chick-fil-a. but it's pretty well known that chick-fil-a's leadership supports right wing christian organizations, and it's not the first time that people have called for a pboycott of the restaurant chain. on its website there is a website that created that says boycott chick-fil-a that's been posting since last september. so it's really nothing new. now a chick-fil-a spokesperson does tell us that the chick-fil-a culture is to treat everybody with dignity, honor, and respect regardless of sexual orientation, and that going forward, their intent is to lead the policy debate over same-sex marriage and to the government and to the political arena. so you're seeing a little bit kind of softening, trying to al back what the president of chick-fil-a

alison kosik is joining me now from the site of the contest in brooklyn. and these aren't turkey dogs, right? >> no, no. i don't think there's -- yeah. there's nothing really healthy about what's going to be happening here in literally two hours, 25 minutes. they are literally counting it down here on this countdown clock to find out who can eat the most hot dogs in 10 minutes. so, yeah, i'm not thinking that's very healthy. what's going to happen in two hours and 20 minutes, women and men -- well, the women will take the stage first behind me. and you have people already gathering here to my left. they can't wait to see this start. think about it, carol. what is a spectacle, watching people shove the hot dogs in their mouths. and it really begs the question, how do they do it? joey chestnut, who is defending his title, scarfed down 63 hot dogs last year. i found out what the trick is. we've got the hot dog. i'm going to show you the hot dog here. and they are not putting mustard and ketchup and relish on it. what they are doing, they pick it apart. they t

alison kosik is at the new york stock exchange and has been listening to a jpmorgan conference call this morning. alison, what have you heard? >> if you're totalling up the losses so far this year from those trading losses from the risky trades, what it adds up to is $5.8 billion.