kopecky family band. nice job, you guys. hey, i want to thank my guests -- kate hudson, bob costas, kopecky family band. jimmy fallon happening right now. jimmy! [ cheers and applause ] ♪ tonight's guests are -- and featuring the legendary roots crew. and here he is -- jimmy fallon! [ cheers and applause ] ♪ [ cheers and applause ] >> jimmy: thank you very much! oh! that's what i'm talking about, right there! great new york city crowd. looking good tonight! yeah! welcome to "late night with jimmy fallon," everybody. you guys feeling good, huh? [ cheers ] welcome. here's what -- here's what people are talking about. president obama gave a big speech yesterday on the economy. a really big speech. it was actually longer than his last state of the union address. though it should be noted that he opened with, like, 20 mutes of anthony weiner jokes. [ laughter ] too easy. they write themselves. but everyone's still talking about anthony weiner. they're -- all of his new sexting scandal. in fact, last night, weiner was at a for

dawn kopecki, welcome back to the "newshour." first of all, explain to us exactly what these two men did that was-- that the prosecutors say was illegal. >> what they did is in trading derivatives, there are very complicated financial instrument and the pricing of them isn't very clear. they can use a range of prices, and in the past j.p. morgan had typically used the midrange of prices that were available on the market. as their losses started mounting, they started using more favorable pricing. it sounds like a very minor detail, but by the end of march, we're talking about a difference of about $700 million just by using a slightly more favorable price at the end of the day when they would mark their books. it amounted to hiding about $700 million in losses that the u.s. attorney's office accused the men of hiding today. that's at the crux of it. when they used the more favorable pricing, they also reported that to the bank. those numbers then went into the bank's bottom line numbers that were reported to shareholders. so you

tonight, jay welcomes -- kate hudson, bob costas, the music of the kopecky family band and "photo booth!" and now, jay leno! [ cheers and applause ] ♪ [ cheers and applause ] >> jay: thank you very much! welcome. welcome to "the tonight show." very kind. thank you, thank you. hey. you might remember this. monday night, i mentioned that a man right here in the valley, about 30 miles from here, went bankrupt collecting beanie babies. [ light laughter ] this guy spent $100,000, his life savings, collecting beanie babies, because one day he thought his collection would become so valuable that it would pay for his children's college education. [ light laughter ] well, he was interviewed on the news the other night. now he says he realizes his mistake. he should have invested in cabbage patch kids. that's where -- [ laughter ] that's wre the money -- of course! this is why -- [ applause ] that's why you need an investment guy. [ light laughter ] well, it was on this date in 1909 that the u.s. government bought its first plane from the wright brothers at a cost of $31,000. and you can still

kopecky family band. nice job, you guys. hey, i want to thank my guests -- kate hudson, bob costas, kopecky family band. jimmy fallon happening right now. jimmy! [ cheers and applause ] ♪ tonight's guests are -- and featuring the legendary roots crew. and here he is -- jimmy fallon! [ cheers and applause ] ♪ [ cheers and applause ] >> jimmy: thank you very much! oh! that's what i'm talking about, right there! great new york city crowd. looking good tonight! yeah! welcome to "late night with jimmy fallon," everybody. you guys feeling good, huh? [ cheers ] welcome. here's what -- here's what people are talking about. president obama gave a big speech yesterday on the economy. a really big speech. it was actually longer than his last state of the union address. though it should be noted that he opened with, like, 20 minutes of anthony weiner jokes. [ laughter ] too easy. they write themselves. but everyone's still talking about anthony weiner. they're -- all of his new sexting scandal. in fact, last night, weiner was at a f

kopecky family band. nice job, you guys. hey, i want to thank my guests -- kate hudson, bob costas, kopecky family band. jimmy fallon happening right now. jimmy! [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center, the national broadcasting company presents -- tonight's guests are -- and featuring the legendary roots crew. and here he is -- jimmy fallon! [ cheers and applause ] ♪ [ cheers and applause ] >> jimmy: thank you very much. welcome! thanks very much! fantastic, welcome, thank you very much. looking good. you guys feeling good tonight? [ cheers and applause ] that's what it's all about. welcome to "late night with jimmy fallon," you guys. i'm so psyched you're here, and thank you for watching at home. here's what everybody's talking about. it's still anthony weiner. [ laughter ] just -- anthony weiner -- it's just not getting any better for this guy. now his campaign's communications director is in trouble for calling a former intern a slutbag. [ laughter ] >> steve: come on! >> jimmy: slutb

tonight, jay welcomes -- kate hudson, bob costas, the music of the kopecky family band and "photo booth!" and now, jay leno! [ cheers and applause ] ♪ [ cheers and applause ] >> jay: thank you very much! welcome. welcome to "the tonight show." very kind. thank you, thank you. hey. you might remember this. monday night, i mentioned that a man right here in the valley,

"the tonight show with jay leno," featuring rickey minor kate hudson, bob costas, the music of the kopecky family band and "pho booth!" and now, jay leno! [ cheers and applause ] ♪ [ cheers and applause ] >> jay: thank you very much! welcome. welcome to "the tonight show." very kind. thank you, thank you. hey. you might remember this. monday night, i mentioned that a man right here in the valley,

dawn kopecky covers banking for the bloomberg news. good morning. >> good morning. >> first of all, why the fees? >> they're not making as much money as they used to. they have to hold more reserves so federal regulators are requiring them to hold more money. interest rates are so low, they've been so low for so long that their profit margins on lending are at historic lows right now and so they have to find new avenues for revenue. >> but the four biggest banks just reported massive profit jumps. >> they did. they did. part of that is because of mortgage lending because rates were so low for so long their mortgage fee revenue has jumped because of refinancings, but that's going down right now. they're also not making as much. those profit numbers you saw, a lot of that wasn't real money. it was accounting adjustments. so the real cash coming in. the reliable money is fee rev new from customers like you and i. >> what's the fee that hits the consume ter hardest? >> the hardest hit is the overdraft fee, $35 on an account. if you go to w