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Apr 8, 2024
04/24
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we have a jamie dimon view. of course he looks at markets, he sees 70%-80% chance of a soft landing. is that your view as well when you take a look at the performance of risk assets? >> i would say that yes, and we are in the camp where there really won't be any form of a landing at all. we have kicked the can so far down the road that we are really looking at a fairly healthy, robust recovery. what that means is that we are not expecting anywhere near the rate cuts that maybe in the forecast earlier in the year. we do think that the fed will need to cat and we are mindful that we're any restrictive monetary policy environment and that the consumer has a bit of a disconnect with all of this cost of economic data. because of that, i remember that jamie dimon was also forecasting storm clouds and hurricanes on the horizon, and thankfully those never came to pass. it is definitely interesting hedging one fest at this point to suggest that inflation will be more prolonged but the european data which seems to be lead
we have a jamie dimon view. of course he looks at markets, he sees 70%-80% chance of a soft landing. is that your view as well when you take a look at the performance of risk assets? >> i would say that yes, and we are in the camp where there really won't be any form of a landing at all. we have kicked the can so far down the road that we are really looking at a fairly healthy, robust recovery. what that means is that we are not expecting anywhere near the rate cuts that maybe in the...
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Apr 9, 2024
04/24
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it is interesting because jamie dimon suggested inflation may not be over. we have had indications of that, and that we could see rates go back up towards a percent. never a dull day. katie: never a doll day, a lot happening a 8:30 a.m. tomorrow. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh abigail: this is "bloomberg markets." i'm abigail doolittle. looking up in zabul room. tom vilsack, secret
it is interesting because jamie dimon suggested inflation may not be over. we have had indications of that, and that we could see rates go back up towards a percent. never a dull day. katie: never a doll day, a lot happening a 8:30 a.m. tomorrow. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a...
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Apr 17, 2024
04/24
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we spoke with jamie dimon about the need for strong american leadership. here is some of that conversation. jamie: we need good american leadership. we need to explain to people why this is so important for the world. america first. no american president will say america second. but we need to explain why ukraine is important to us and why america relies on global security and why our allies rely on that. if they cannot rely on america they will have to rely on someone else. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous, i'm excited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-pa
we spoke with jamie dimon about the need for strong american leadership. here is some of that conversation. jamie: we need good american leadership. we need to explain to people why this is so important for the world. america first. no american president will say america second. but we need to explain why ukraine is important to us and why america relies on global security and why our allies rely on that. if they cannot rely on america they will have to rely on someone else. ♪ - super excited...
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Apr 11, 2024
04/24
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i talked about jamie dimon as far back as 2020. he was putting money aside to read strain -- retrain every skilled staff in these technologies. the labor department says in this piece of what i'm talking about, it is probably 250,000 jobs annually. some of these are much higherend jobs, but we need to reskill people. a big piece of the reason i'm involved in this is to make party to that whole movement. we just talked about electronic occasion. i'm talking about chargers. what about modernizing the infrastructure and all of the jobs available for that? a big piece of this will be about reskilling, retraining. but the jobs are there without a doubt. sonali: how much investment is this ultimately going to take from the government? we see it in an era right now where every dollar is under question. we are running a massive deficit. and we still need to see the u.s. government be getting involved when it comes to the ev space for real progress to be made. how big of a challenge is that? eileen: honestly, this particular company i'm inv
i talked about jamie dimon as far back as 2020. he was putting money aside to read strain -- retrain every skilled staff in these technologies. the labor department says in this piece of what i'm talking about, it is probably 250,000 jobs annually. some of these are much higherend jobs, but we need to reskill people. a big piece of the reason i'm involved in this is to make party to that whole movement. we just talked about electronic occasion. i'm talking about chargers. what about modernizing...
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Apr 12, 2024
04/24
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on one hand you have jamie dimon and his deputy saying, ok, consumers are holding up, wages have been increasing at a healthy enough clip but lower income consumers are feeling pain. when you look at revenue from citigroup's cards, can it keep growing? are consumers tapping out on credit? stephen: well, most indicators would say yes except of the affluent spending level. most consumers continue to spend healthfully as compared to low income consumers who have had difficulty in the high inflation environment. the worry with credit cards -- banks have a lot of flexibility. they can go out and market aggressively. it is a very high interest rate for those customers. it is a great boost and income. the downside is the credit cost. right now we have 12-year highs in 30-day and beyond delinquencies for credit card customers. very much a double-edged sword when it comes to the credit card space. the consumer really has held up this economy, as most economists would say, and a big way and they will need to continue to spend like they are. for banks, the one major driver in terms of credit qua
on one hand you have jamie dimon and his deputy saying, ok, consumers are holding up, wages have been increasing at a healthy enough clip but lower income consumers are feeling pain. when you look at revenue from citigroup's cards, can it keep growing? are consumers tapping out on credit? stephen: well, most indicators would say yes except of the affluent spending level. most consumers continue to spend healthfully as compared to low income consumers who have had difficulty in the high...
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Apr 8, 2024
04/24
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as jamie dimon said today, ai is going to cause ripples through everything. that is one thing paramount sees value in. he is an individual raised this industry and has a vision for how to take it forward in an age where traditional views -- traditional ways of doing tv are in decline. sonali: we like to keep it in the family. coming up next we are going to talk about blackstone continuing to buy up the real estate business. you're going to discuss the $10 billion investment into a luxury apartment. this is bloomberg. ♪ ♪ ♪ relax into a caribbean state of mind. visit sandals.com or call 1-800 sandals. >> commercial real estate which i'm sure we will talk about. the sentiments has gotten negative and the fundamentals feel like they are bottoming. as investors once -- sometimes, where the risks is you miss it by being overly cautious. now is a good time before rates come down to move. sonali: that was some of john gray's comments on bloomberg a few weeks ago which brings us to our wall street beach. blackstone struck a 10 billion-dollar deal for another ap
as jamie dimon said today, ai is going to cause ripples through everything. that is one thing paramount sees value in. he is an individual raised this industry and has a vision for how to take it forward in an age where traditional views -- traditional ways of doing tv are in decline. sonali: we like to keep it in the family. coming up next we are going to talk about blackstone continuing to buy up the real estate business. you're going to discuss the $10 billion investment into a luxury...
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Apr 23, 2024
04/24
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this hour, we have headlines from jamie dimon jpmorgan chase at the economic club of new york. he says he is in the cautious camp when it comes to a possible soft landing. he said even if the u.s. were to dip into a recession, the consumer is in good shape. on the banking front, he threw support behind mergers of smaller banks. we will continue to monitor his comments this hour. coming up, lockheed martin reiterates its outlook with an order backlog topping $150 billion. it's our stock of the hour and that's up next. this is bloomberg. ♪ every second counts. 120 seconds to add the finishing touches. 900 seconds to arrange the displays. if you're short on time for marketing constant contact's powerful tools can help. you can automate email and sms messages so customers get the right message at the right time. because all it takes is 30 seconds to make someone's day. get started today at constantcontact.com. helping the small stand tall. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insur
this hour, we have headlines from jamie dimon jpmorgan chase at the economic club of new york. he says he is in the cautious camp when it comes to a possible soft landing. he said even if the u.s. were to dip into a recession, the consumer is in good shape. on the banking front, he threw support behind mergers of smaller banks. we will continue to monitor his comments this hour. coming up, lockheed martin reiterates its outlook with an order backlog topping $150 billion. it's our stock of the...
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Apr 17, 2024
04/24
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avalarahhh ahhh katie: jamie dimon speaks in the world listens. this circuit is back for season two and in its premier episode she sits down with jp morgan's ceo and why he is all in on a i. >> for any business when you think about risk think about things that go terribly wrong, can you survive them? technology, government regulations, literally the weather if you're a restaurant. you should think all of that through. katie: bill gates said banking is necessary banks are not. how can fintech replace banks? >> i remember him saying banks or dinosaurs and i spoke to him. he was dead wrong but he was not wrong when he said technology changes everything. if you think you have a big position today you will have one tomorrow. with banking someone's got to hold the money, raise the money, research the money. those resources will still be around. i have always thought it's very possible that some tech will take a piece of that. we have fintech and big tech and they will invent payment systems kind of what apple did. i'm not against that. apple is going in
avalarahhh ahhh katie: jamie dimon speaks in the world listens. this circuit is back for season two and in its premier episode she sits down with jp morgan's ceo and why he is all in on a i. >> for any business when you think about risk think about things that go terribly wrong, can you survive them? technology, government regulations, literally the weather if you're a restaurant. you should think all of that through. katie: bill gates said banking is necessary banks are not. how can...
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Apr 19, 2024
04/24
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let's not forget jamie dimon has floated the idea of 8% rates. that could pressure stocks even more. and then finally, it is earnings week. one thing that could maybe save stocks, but i'm skeptical about it -- at the end of the day, it's going to come down to the fed and liquidity -- look at the earnings week we have been in, and look at next week. 16 point $7 trillion of market cap to report. -- $16.7 trillion of market cap to report. katie: big statement that the fed matters more than earnings. coming up, ev's might be down, but not out. that is what congresswoman haley stevens of michigan says. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth
let's not forget jamie dimon has floated the idea of 8% rates. that could pressure stocks even more. and then finally, it is earnings week. one thing that could maybe save stocks, but i'm skeptical about it -- at the end of the day, it's going to come down to the fed and liquidity -- look at the earnings week we have been in, and look at next week. 16 point $7 trillion of market cap to report. -- $16.7 trillion of market cap to report. katie: big statement that the fed matters more than...
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Apr 12, 2024
04/24
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jamie dimon says -- he was asked about the macro economic outlook and says he does not want to get productions for a recession or not but in his opinion things are likely to be worse than we expect. on monday, he was saying the expectation for a 70% to 80% soft landing, the odds for that were a lot lower. still, they maintain that the consumer is in good shape and spending and jeremy barnum, chief financial officer of jp morgan, says corporations are flush with cash. at the lower end of the consumer scale, there does appear to be more pressure. sonali: thank you for leading our coverage, covering a slew of bank earnings. complicate a story. breaking news. tech information platform the information has reported that stubhub is aiming to go public violate this summer -- go public by late this summer. that would set up another sizable ipo after read it when public earlier this month -- after reddit went public earlier this month. stubhub would be a new test. it also has high yields for evaluation in line with the $16.5 billion valuation. it raised money according to the paper. it would call office
jamie dimon says -- he was asked about the macro economic outlook and says he does not want to get productions for a recession or not but in his opinion things are likely to be worse than we expect. on monday, he was saying the expectation for a 70% to 80% soft landing, the odds for that were a lot lower. still, they maintain that the consumer is in good shape and spending and jeremy barnum, chief financial officer of jp morgan, says corporations are flush with cash. at the lower end of the...