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morgan jamie dimon shareholder questions and fed outlook for a soft landing. the banker warning the interest rates could skyrocket to 8% amid skyhigh debt in international conflict. march cpi out tomorrow morning, ppi on thursday. all hands on deck for reaction to the inflation numbers, join us and stay with us as we join you with the preview this morning. first-quarter earnings season, the major bank supporting earnings on friday. we have a preview. take a look european markets, the s&p 100 and london is up a fraction, cat crown in paris is down, the tax in germany is lower by 123. in asia overnight markets finish mostly higher take a look at the story in the asian industries, the one weak spot was a korean index down half 8%. the prime minister of japan will be in washington this week, a steak dinner wednesday night a joint session with congress with the prime minister of japan the average up overnight. d.o.j. refusing to turn over the audio of his interview with special counsel robert hur despite a contempt threat from congress, the open border can't crisis
morgan jamie dimon shareholder questions and fed outlook for a soft landing. the banker warning the interest rates could skyrocket to 8% amid skyhigh debt in international conflict. march cpi out tomorrow morning, ppi on thursday. all hands on deck for reaction to the inflation numbers, join us and stay with us as we join you with the preview this morning. first-quarter earnings season, the major bank supporting earnings on friday. we have a preview. take a look european markets, the s&p...
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all spending let's not forget what forgiving student debt is more surplus what jpmorgan ceo jamie dimon is warming about you all shareholders letter high deficit spending may send interest rates soaring talks about stimulus out there, in his letter to shareholders writing think it is important to note that the economy is being fueled by large amounts of government deficit spending past stimulus this may lead to stickier inflation higher rates than markets expect huge fiscal spending trillions needed each year for green economy, the remill tarization told me in january singing the a while i don't think joe biden is getting the memo. >> where does fed fit in jamie right now priced in three rate cuts fwoibl or three in 2025 do you agree with that i am. >> i am a skeptic i look at a lot of things forget economic model, two trillion dollars fiscal deficit, the infrastructure, the green economy, the remilitarization of the world restructuring of trade all inflationary, that looks more 1970s to me, so i think there is a chance here that people should be prepared for inflation comes down bounce
all spending let's not forget what forgiving student debt is more surplus what jpmorgan ceo jamie dimon is warming about you all shareholders letter high deficit spending may send interest rates soaring talks about stimulus out there, in his letter to shareholders writing think it is important to note that the economy is being fueled by large amounts of government deficit spending past stimulus this may lead to stickier inflation higher rates than markets expect huge fiscal spending trillions...
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Apr 26, 2024
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jamie dimon felt this way for a long time. he told me the exact same thing in january, that he's skeptical of the soft landing, that inflation will stay high because of the fiscal spending and he's right. look at the fiscal spending, talking about the inflation reduction act, fees call responsibility act, forgiveness of student loan act, chips act, green energy tax credits, adding up to $7 trillion. the fed is fighting the fiscal money coming at you. i want to ask about the independence of the fed. i feel like i'm reading the washington post this morning with this article in the journal. the wall street journal is writing that the former president trump's allies are drawing up plans to challenge the fed's independence, urging that the president should be consulted on rate decisions. this is what the wall street journal is writing this morning. meanwhile, it was president biden who had all these opinions about the fed and a seems to be publicly egging on jay powell to cut interest rates. here's joe biden just a couple weeks ago
jamie dimon felt this way for a long time. he told me the exact same thing in january, that he's skeptical of the soft landing, that inflation will stay high because of the fiscal spending and he's right. look at the fiscal spending, talking about the inflation reduction act, fees call responsibility act, forgiveness of student loan act, chips act, green energy tax credits, adding up to $7 trillion. the fed is fighting the fiscal money coming at you. i want to ask about the independence of the...
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Apr 12, 2024
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your thoughts. >> i was looking at the comments from jamie dimon. he talked about inflation and the uncertainty about the inflationary picture. he was clear about that he talked about deficit spending on a federal level and then he also talked about the issue with global conflicts around the world but certainly again, as kelly highlighted and we talked about in the last hour, it was that net interest income story and kelly's right. look, we had silicon valley bank fail last year. we're going to have mnt bank on monday, new york community bank. there's some concerns about some of these regional names. we've got $929 billion in commercial real estate loans, maria, that ar due this year. i know we talked about it a year ago and the world didn't end and we had good market year but i'm going to say it again. there are worries about these regional banks and there's one bank in particular that -- if they've got the value of a commercial property and that thing falters, and the value is less than what the loan is, that's a bad flip for the bank so that's my
your thoughts. >> i was looking at the comments from jamie dimon. he talked about inflation and the uncertainty about the inflationary picture. he was clear about that he talked about deficit spending on a federal level and then he also talked about the issue with global conflicts around the world but certainly again, as kelly highlighted and we talked about in the last hour, it was that net interest income story and kelly's right. look, we had silicon valley bank fail last year. we're...
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Apr 24, 2024
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you still have people like jp morgan ceo jamie dimon an outlier, putting doubt in it. he spoke yesterday at the new york economic club and he's calling the u.s. economic boom unbelievable, saying that even if we go into recession, the consumer's still in good shape but he's warning that on the inflation front we're headed back to the 1970s. that's what he told me back in january. he is still saying that, he spoke yesterday about u.s. policy at the economic club of new york yesterday. your thoughts? >> first, i shouldn't be shocked. he was dead wrong on the economy. he said we have to be concerned. i think anyone should be surprised with jay he my. jamie. we do have right now a lot of turmoil in the middle east, this happened in the '70s, oil prices spiked and take was a big problem for the economy. back then we were oil dependent on the middle east. today we're oil independent. so we still have prices basically beating out wages and that was a big deal. you had stagflation, slow growth, high inflation. today it's like the opposite. we have phenomenal growth, we're trac
you still have people like jp morgan ceo jamie dimon an outlier, putting doubt in it. he spoke yesterday at the new york economic club and he's calling the u.s. economic boom unbelievable, saying that even if we go into recession, the consumer's still in good shape but he's warning that on the inflation front we're headed back to the 1970s. that's what he told me back in january. he is still saying that, he spoke yesterday about u.s. policy at the economic club of new york yesterday. your...
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Apr 12, 2024
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jpmorgan ceo jamie dimon says it's quite clear the american economy is strong. on the conference call he says credit card chargeoffs are normalizing. he also says there are some cracks in subprime auto. this is all coming out of the call this morning. of course, we know at the ceo of jp morgan has been quite skeptical of a soft landing, and if he has talked about the stimulus money keeping inflation at a elevated levels. the stock this morning was up 3.5% despite beating earnings and revenue expectation, but coming in a little light on net interest income. we'll keep following the banks. a lot more next week, join us for the rest of the first quarter earnings reporting season. that'll do it for us. i will see you tonight on maria bart row -- bartiromo's "wall street. have a good one. stu, take it away we. stuart: all right, good
jpmorgan ceo jamie dimon says it's quite clear the american economy is strong. on the conference call he says credit card chargeoffs are normalizing. he also says there are some cracks in subprime auto. this is all coming out of the call this morning. of course, we know at the ceo of jp morgan has been quite skeptical of a soft landing, and if he has talked about the stimulus money keeping inflation at a elevated levels. the stock this morning was up 3.5% despite beating earnings and revenue...
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Apr 12, 2024
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morgan is in a better position if interest rates are higher longer, jamie dimon said it himself he said we think interest rates will be higher and longer inflation stickier their most prepared for this there is an unrealistic expectation on j.p. morgan and a double hit a double beat were thinking the 12 month number traveling the street and by the end of the trading day this is a short-term phenomenon. maria: i would probably agree with i think jamie dimon outline all of the things that he's worried about right now in his annual letter, there is that but the company's fundamentals have been strong in the stock is down at the low with the morning better than 4%. stay with us were on the story and we have more coming on. we'll be right back. ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. (vo) antarctica... you have to experience it to
morgan is in a better position if interest rates are higher longer, jamie dimon said it himself he said we think interest rates will be higher and longer inflation stickier their most prepared for this there is an unrealistic expectation on j.p. morgan and a double hit a double beat were thinking the 12 month number traveling the street and by the end of the trading day this is a short-term phenomenon. maria: i would probably agree with i think jamie dimon outline all of the things that he's...
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Apr 11, 2024
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maria: once again goes back to policy, you mentioned jamie dimon, chairman ceo of jpmorgan reiterated what he told me in january, that all of the spending from inflation reduction act to fiscal responsibility act to forgiveness student student debt reason inflation is elevated. >> where does fed fit in jamie pretty much priced in 3 rate cuts this year possibly two or three rate cuts in 2025 do you agree. >> i am a skeptic i look at a lot of things forget economic modeled for a second two trillion dollars fiscal deficit infrastructure, green economy, the remilitarization of the world have restructuring of trade all inflationary looks more 1970s to me, i think there is a chance here people should be prepared for that inflation comes down bounce around maybe bounced up a little bit implied curves will change. >> spot-on in january tomas do you think spending or all stimulus slows down anytime soon? we've been waiting for money to go away covid money and, yet, the president keeps ritzing that he wants to forgive more student debt, that is -- is stimulus. >> very stimulus i mean largest --
maria: once again goes back to policy, you mentioned jamie dimon, chairman ceo of jpmorgan reiterated what he told me in january, that all of the spending from inflation reduction act to fiscal responsibility act to forgiveness student student debt reason inflation is elevated. >> where does fed fit in jamie pretty much priced in 3 rate cuts this year possibly two or three rate cuts in 2025 do you agree. >> i am a skeptic i look at a lot of things forget economic modeled for a...
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you heard the story this morning and yesterday, jp morgan chairman and ceo jamie dimon warning high deficit spending could send interest rates soaring. ywrites it's important to note the economy is fueled by government spending and stimulus, may lead to st stickir inflation and higher rates. he said inflation will be bouncing around but the spending is what the issue is. watch this. where does the fed fit in, jamie? right now it's pretty much priced in we're going to get three rate cuts this year, possibly two or three rate cuts in 2025. do you agree with that? >> i'm a skeptic. i look at a lot of things and forget just economic models for a second. $2 trillion of fiscal deficit, the infrastructure and ira act, the green economy, the remilitaryization of the year, restructuring of trade are all inflationary. that looks a little more like 1970s to me so i think there's a chance people should be prepared for that inflation comes down but then bounced around 3, bounces up a bit and those implied curves will change. maria: brenda, we're waiting on the cpi, comes out tomorrow morning. obviously
you heard the story this morning and yesterday, jp morgan chairman and ceo jamie dimon warning high deficit spending could send interest rates soaring. ywrites it's important to note the economy is fueled by government spending and stimulus, may lead to st stickir inflation and higher rates. he said inflation will be bouncing around but the spending is what the issue is. watch this. where does the fed fit in, jamie? right now it's pretty much priced in we're going to get three rate cuts this...
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Apr 11, 2024
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i mean, jamie dimon has been raising the red flag on debt, on a national level, personal level. so what do you make of what he's been saying in terms of the potential of this economy really slowing down? you saw the annual letter yesterday. he talked about all of the stimulus. look, the inflation reduction act, fiscal responsibility act, forgiveness of student loan debt, all of the stimulus is thrown at the fed which is trying to deal with the tsunami of spending while also reining in rates. >> that's a positive for the equity market. when we look at what biden has signed and starting to really trickle into the economy this year with 6.2 trillion of cash, when we do that as a percentage of gdp, our economy is flush with cash. yes, there's going to be pockets of consumers that struggle. we do acknowledge that. but net worth is at a record all-time high. and the economy is growing. all the economic indicators are to us look like they bottom and they're growing. when we look at earnings estimates revisions which are the best correlation to the stock market, they're rising. and jami
i mean, jamie dimon has been raising the red flag on debt, on a national level, personal level. so what do you make of what he's been saying in terms of the potential of this economy really slowing down? you saw the annual letter yesterday. he talked about all of the stimulus. look, the inflation reduction act, fiscal responsibility act, forgiveness of student loan debt, all of the stimulus is thrown at the fed which is trying to deal with the tsunami of spending while also reining in rates....
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Apr 10, 2024
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dimon letter to shareholders released yesterday, jamie told me this thing in january, watch this. >> where does fed fit in right now pretty much pride of in three rkdz this year possibly two or three republics in 2025 do you agree with that i am a skeptic, i look at a o lot of things forget economic molly for a second, two trillion dollars fiscal deficit, the infrastructure, the green economy, the and that looks a little more like 1970s to me. i think there's a chance that the people should be prepared f that inflation comes down, maybe bounces around 3, maybe bounces up a little bit, and those implied curves will change. maria: lee zeldin, what is it going to take for this administration to recognize that all of this reckless spending approved by the democrats in congress has caused this inflation problem? >> they're not going to recognize it and, actually, a lot of people in congress don't think the debt is a problem. they'll continue to spend and increase the debt. when we talk about the prices of food and groceries, this is about survival. when you talk about being able to afford
dimon letter to shareholders released yesterday, jamie told me this thing in january, watch this. >> where does fed fit in right now pretty much pride of in three rkdz this year possibly two or three republics in 2025 do you agree with that i am a skeptic, i look at a o lot of things forget economic molly for a second, two trillion dollars fiscal deficit, the infrastructure, the green economy, the and that looks a little more like 1970s to me. i think there's a chance that the people...
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Apr 16, 2024
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dimon finally said federal debt in high interest cost is going to be the biggest drag on our economy, so you've got two people, that no finance that have said the opposite inflation isn't going away it is getting worse when you borrow and spend you displace a real economy with more government with workers that adopt even come here to work, that is not productive, we got to do a better job of making the case, this ought to be easier than the border. maria: i tell you this administration, you know, really must think everybody is stupid, all you have to do is look at what has taken place in the last three years, inflation reduction act did not reduce oxymoron did not reduce inflation the act was hardly fiscal year responsible student debt fiscal year irresponsible goes on and on and on senator. what will it stop. >> fancy names one intended purpose they pulled that off to replace more real economy with unproductive side of the ledger government spending, all "deep state" bureaucrats look pre-biden pre-covid easy way to vote in november. >> we will be watching we appreciate your time thi
dimon finally said federal debt in high interest cost is going to be the biggest drag on our economy, so you've got two people, that no finance that have said the opposite inflation isn't going away it is getting worse when you borrow and spend you displace a real economy with more government with workers that adopt even come here to work, that is not productive, we got to do a better job of making the case, this ought to be easier than the border. maria: i tell you this administration, you...
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dimon both have huge sums of money upwards of 40 million dollars to ensure the vote goes their way. major distractions from activity investors are exactly with a we don't need. i am urging you vote for deputies bode recommended slate of nominees. >> time to understand big board fees management with huge compensation, owe something to us. >> based on vote disney expected to win likely large part due to major turnaround stock has seen up 35% year-to-date one of the best in the dow in fact, worth 30% more than when he announced that activist, the road ahead riders significant improvement will need to make good on promised 5-billion-dollar cost-cutting push for profitability in streaming return to equality content brand known for the success as youion shareholders need to know a future beyond iger. maria: i think kelly one big issue for nelson peltz the way they kept pushing bob iger in new contracts. that is correct to 2026 i worked for company back in 2013 he was to be gone 2014 here he is. maria: what do you make of it. adam: i am long disney maria i support bob iger i am glad nelson
dimon both have huge sums of money upwards of 40 million dollars to ensure the vote goes their way. major distractions from activity investors are exactly with a we don't need. i am urging you vote for deputies bode recommended slate of nominees. >> time to understand big board fees management with huge compensation, owe something to us. >> based on vote disney expected to win likely large part due to major turnaround stock has seen up 35% year-to-date one of the best in the dow in...
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Apr 22, 2024
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you've got a lot of people raiseing their hands saying i'm not buying this like a jamie dimon, for example. who continues to worry about the macro story. >> i think he's right on, maria. i think the macro story is scary when you look at the debt, it those be ree refinanced in the t five years. they say they're more likely to see increases in rates than cuts this year. if we don't see interest rate cuts, there's a real problem coming, 250 billion by year end that has to be refinanced at higher rates with properties under valued. the president responds with snack food sizes, missing the entire consistent settlement of what's happen -- concept of what's happening right here. people don't need to worry about the late fees at their banks, as opposed to how we get this under control to make sure the commercial real estate market doesn't collapse and bring the economy with it. maria: that's right. the expectation in the market, scott, is that we're going to see rate cuts. if we don't see rate cuts, won't we see a pretty good selloff in stocks later on in the year? >> well, look, we've already pri
you've got a lot of people raiseing their hands saying i'm not buying this like a jamie dimon, for example. who continues to worry about the macro story. >> i think he's right on, maria. i think the macro story is scary when you look at the debt, it those be ree refinanced in the t five years. they say they're more likely to see increases in rates than cuts this year. if we don't see interest rate cuts, there's a real problem coming, 250 billion by year end that has to be refinanced at...
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Apr 19, 2024
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morgan jamie dimon are warning a.i. will be smarter than humans and transform society. this is something that i heard throughout tech investors years ago on our special documentary on artificial intelligence, joining me vice president and general counsel and george mason university professor of internet law, carl's a bow. thank you so much for being here. i know you have a new fox news op-ed and you said that we need to incorporate a.i. in our schools to compete with china, what is your outlook of a.i. and the u.s. in your reaction to what were hearing this morning. >> thank you for having me on, they're absolutely right about one thing a.i. is going to be transformative it's here to stay in making lives better today but as i point out on foxnews.com the fact that the u.s. has a huge skills gap going on you cai listings up 41% for job openings and we don't have the people to fill the jobs, that's for education comes necessary today almost 50% of the a.i. researchers around the world, from china while only 18 come from the united states of america. what we need to do in
morgan jamie dimon are warning a.i. will be smarter than humans and transform society. this is something that i heard throughout tech investors years ago on our special documentary on artificial intelligence, joining me vice president and general counsel and george mason university professor of internet law, carl's a bow. thank you so much for being here. i know you have a new fox news op-ed and you said that we need to incorporate a.i. in our schools to compete with china, what is your outlook...
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Apr 26, 2024
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maria: jamie dimon collated the 1970s. able to get to the earnings breaking, chevron right now earnings beating expectation there actually beating on earnings-per-share and revenue. earnings $2.93 a share. revenue of 48.7 billion. expectations were for 287 a share on revenue of 56.6 billion. 293 on revenue of 48.7 billion it could be a mess on revenue even though it's beating on earnings. stock is up flat a quarter of 8%, what is your take on the oil sector. >> we own chevron it is a disappointment that they missed on revenues and that really tells you what they see from the demand standpoint. i think a tell this company settles the hess arbitration with exxon it does not go anywhere for quite some time and has performed about half of what exxon has performed year-to-date. it's being held back. maria: would you buy oil companies knowing the oil may stay up in the 80s for some time. >> we are overweight but that's not saying much because industry weighting is pretty low in the s&p but we own fang, chevron, eog, we like thos
maria: jamie dimon collated the 1970s. able to get to the earnings breaking, chevron right now earnings beating expectation there actually beating on earnings-per-share and revenue. earnings $2.93 a share. revenue of 48.7 billion. expectations were for 287 a share on revenue of 56.6 billion. 293 on revenue of 48.7 billion it could be a mess on revenue even though it's beating on earnings. stock is up flat a quarter of 8%, what is your take on the oil sector. >> we own chevron it is a...
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Apr 29, 2024
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. >>> well, jamie dimon not only runs the nation's biggest bank, he's also a been crowned the country's to best dressed ceo. that is according to a new poll by custom inc. dimon, quote, sports professional attire. other names on the list, maria, number two, capital the one founder richard fairbank, number three, visa's ceo. foot locker chief mary dillon, the only woman making the list. they all look great. i'm sure you agree. [laughter] maria: yeah. nice accolade there for them. thank you, cheryl. >> you bet. maria: meanwhile, a new cnn/ssrs poll finds former president trump leading president biden by 6 points in a head to head match up, 49% to 43%. the same poll shows 55% of all americans now say they see trump's presidency as a success while 611% say biden's -- 61% say biden's presidency is a failure. biden's job approval rating mitting below 39%, that makes him the least popular president in the last 70 years behind richard a nixon and jimmy carter. joining me now is democrat strategist david carlucci, also former marine kate monroe. great to see you both. thank you so much for being
. >>> well, jamie dimon not only runs the nation's biggest bank, he's also a been crowned the country's to best dressed ceo. that is according to a new poll by custom inc. dimon, quote, sports professional attire. other names on the list, maria, number two, capital the one founder richard fairbank, number three, visa's ceo. foot locker chief mary dillon, the only woman making the list. they all look great. i'm sure you agree. [laughter] maria: yeah. nice accolade there for them. thank...
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Apr 25, 2024
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i spoke with jamie dimon back in january, and he said the bay area is in far worse shape than new york city right now. watch this. >> i think every city, like every country, should be thinking about what is it that makes it an attractive city. it's parks, it's art, it's definitely safety, you know in it's jobs, it's job creation, it's the ability to have affordable housing. any e city who doesn't do a good job, it will lose its population. hopefully, san francisco can look at these things and fix some of them, ask they're going to need help. this is what you need government and business collaborating. government's got to listen to business. maria: jamie, what about new york. is it the same issue in missouri? >> if governments and business in collaboration work together like we did in detroit across affordable housing, education, job creation, outreach to communities, you can build a great society. and so, you know, new york is doing that. maria: don, part of the issue this time around is this new border element of it. we've got an open border. people are worried about safety. we've got
i spoke with jamie dimon back in january, and he said the bay area is in far worse shape than new york city right now. watch this. >> i think every city, like every country, should be thinking about what is it that makes it an attractive city. it's parks, it's art, it's definitely safety, you know in it's jobs, it's job creation, it's the ability to have affordable housing. any e city who doesn't do a good job, it will lose its population. hopefully, san francisco can look at these things...