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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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jamie dimon is a long-time democrat. david: i may differ from certainly the lighthizer mode with regard to trade policy. >> i would tell you that the core element of being treasury secretary is dealing with china, trade policy, sanctions, on all kinds of enemies around the world. so you need somebody who is on the same page with regard to china and i'm not sure jamie dimon would be particularly -- david: not as far as blackstone. chase is -- you. >> really need somebody who is very similar in the thinking and an aggressive approach to china as president trump is. david: they're giving me a wrap but you're going to the trump event this weekend, right? >> yes i am. david: do you think he will make 32 million which is what he wants? >> let's hope so. the lord only knows the country needs a different direction, there -- david: you weren't always, you're not a never-trumper but you were not always just trump guy? >> i've always been pretty positive on the president particularlies as it relates to his economic policies. i thin
jamie dimon is a long-time democrat. david: i may differ from certainly the lighthizer mode with regard to trade policy. >> i would tell you that the core element of being treasury secretary is dealing with china, trade policy, sanctions, on all kinds of enemies around the world. so you need somebody who is on the same page with regard to china and i'm not sure jamie dimon would be particularly -- david: not as far as blackstone. chase is -- you. >> really need somebody who is very...
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Apr 12, 2024
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stuart: the problem with jpmorgan is the ceo jamie dimon, on the call he warned about head wents like persistent inflation, possible wars and the federal reserve, he says they could all hurt the strong economy. not the bank operations itself but the way the bank ceo, powerful guy, sees the future. what do you say? >> maybe the markets believe what jamie dimon is saying about the overall environment but we all swim in the same water so i don't see why those forecasts would hit jpmorgan more than others. you might argue that jamie dimon is incorrectly going to prepare jpmorgan for a serious downturn but he said things things like this in the past. 18 months ago he was talking about an economic hurricane hitting the economy which never came to fruition but jpmorgan did very well. he didn't really prepare the bank for this terrible time so inflation headwinds continue, high interest rates, the economy looks like a risk, let's impact all stocks in general but white impact jpmorgan more than anyone else i would know. we are down 5% on jpmorgan. stuart: do you think jpmorganed thing jamie di
stuart: the problem with jpmorgan is the ceo jamie dimon, on the call he warned about head wents like persistent inflation, possible wars and the federal reserve, he says they could all hurt the strong economy. not the bank operations itself but the way the bank ceo, powerful guy, sees the future. what do you say? >> maybe the markets believe what jamie dimon is saying about the overall environment but we all swim in the same water so i don't see why those forecasts would hit jpmorgan...
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Apr 9, 2024
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we hear from jpmorgan chase's ceo jamie dimon. he is looking to say inflation is deeper than expected. dimon said the growing need to increase spending in sectors and large amounts of deficit sending. jamie dimon said the bank has plans for rates as high as 8% and as low as 2%. we hear from the minneapolis fed president neel kashkari said they have to get back to 2% target warning the credibility is now at stake. >> we built up a lot of credibility going into the shock. we are seeing the high inflation, but we believe the fed is serious about getting it back down. that helped us get back down, but we have to go all the way. if we stop short, you will say they will stop short next time. >> and analysts are looking to cut bets. futures contracts for december now point to 60 basis points of cuts this year. that is down from 150 basis points slated at the start of the year. traders are split over when easing will split with the fmoc standing at 50% for the june meeting. the consumer inflation is s stabiliz stabilizing. concerns over d
we hear from jpmorgan chase's ceo jamie dimon. he is looking to say inflation is deeper than expected. dimon said the growing need to increase spending in sectors and large amounts of deficit sending. jamie dimon said the bank has plans for rates as high as 8% and as low as 2%. we hear from the minneapolis fed president neel kashkari said they have to get back to 2% target warning the credibility is now at stake. >> we built up a lot of credibility going into the shock. we are seeing the...
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and chance that a d democrat like jamie dimon, one of few moderate democrats in the world. >> i don't know what president trump is thinking, he is thinking in a lot of different directs. david: but you worked there. >> secretary mnuchin was very effective secretary. and you have to look at finance, you look at a number of figures, john pal john paulson, but outside of the box robert lighthizer and jamie dimon, s-- he is a long time democrat. david: he may liver from lighthizer mode. >> a core element of being treasury secretary is dealing with china. trade policies, sanctions, on all kinds of enemies in the world, you need someone who is on the same page with regard to china, i'm not sure that jamie dimon would be particularly. david: not as far as blackstone. >> but you need someone who is very similar in the thinking and aggressive approach to china as drusm p president trump is. david: you are going to trump event this weekend. >> yes. david: they hope -- he will make 32 million. >> let's hope so, lord only knows kahnls -- the country needs a different direction. david: you were --
and chance that a d democrat like jamie dimon, one of few moderate democrats in the world. >> i don't know what president trump is thinking, he is thinking in a lot of different directs. david: but you worked there. >> secretary mnuchin was very effective secretary. and you have to look at finance, you look at a number of figures, john pal john paulson, but outside of the box robert lighthizer and jamie dimon, s-- he is a long time democrat. david: he may liver from lighthizer mode....
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Apr 24, 2024
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and she directly reports to jamie dimon, and i think companies taking and doing things like that are going to start super hyping up the actual -- >> i don't think it is here yet. >> i don't think a.i. is part of this at all yet. that's my opinion. >> you know the only place, college students have more time, because they don't have to write any papers. >> absolutely true. >> i ask you, great interview with anthropic yesterday, what can i use it for and you racked your brain and said on draft kings i might be able to -- >> that's the most important question it is not just -- tell me about this whiz bang technology. tell me what it is used for, how it is going to work its way into the economy and how we live. >> i can tell you how to use it. jpmorgan is using it to some degree, but i don't think it is taking jobs away just yet. but we talked about actually in finance, anybody or in marketing or anybody who is making a deck, you know, a power point presentation. >> for a merger an acquisition. >> for any kind of time you make a presentation to anybody, you know if you're a marketing comp
and she directly reports to jamie dimon, and i think companies taking and doing things like that are going to start super hyping up the actual -- >> i don't think it is here yet. >> i don't think a.i. is part of this at all yet. that's my opinion. >> you know the only place, college students have more time, because they don't have to write any papers. >> absolutely true. >> i ask you, great interview with anthropic yesterday, what can i use it for and you racked...
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Apr 12, 2024
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we will hear more there today from jamie dimon. as you look at the banks, we had this pivot to breadth. where is the leadership story? ken: it is a great question and we are speaking about investors in terms of when we look at the financial sector, six of the largest banks are in there. also return of capital comes up with the midyear june bank stress test. we think the banks well-capitalized. they are also building up their capital because we don't know what is going to happen with the end game which is getting pushback from congress that it is too onerous and has negative impact to the u.s. economy. i think what we have here, overweight on the financial sector anti-large banks are part of that story. we are going to see very health return of capital and probably we are going to get to comes of that at the end of june. lisa: sometimes people look at bank earnings and say it kicks off running season because it gives a tone of the economic outlook looks like. i am not clear on if there is a clear read of the economy going forward in
we will hear more there today from jamie dimon. as you look at the banks, we had this pivot to breadth. where is the leadership story? ken: it is a great question and we are speaking about investors in terms of when we look at the financial sector, six of the largest banks are in there. also return of capital comes up with the midyear june bank stress test. we think the banks well-capitalized. they are also building up their capital because we don't know what is going to happen with the end...
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Apr 8, 2024
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>> it's the house of jamie dimon, led by jamie dimon in the front seat, trying to give off is larger-than-life message that he does every year. you can speculate on his tax trade or whatever else you want to do. he has talked about this before and others have talked about similar things. annmarie: there is a lot of questions swirling in washington after he made those comments in davos. he had lunch with vp kamala harris. someone in the white house quipped to me that the days of davos are long forgotten. one thing that stands out, the staggering inability of the government causes deep damage to our growth. we have heard a lot about this on our program. jonathan: and yet, here we are talking about an economy that remains resilient. best economy relative to europe and what's taking place there? lisa: michael put out a piece talking about how the deficit will grow for the republicans or the democrats. it won't matter because people can still chug along. this is the bottom line. how long before it matters? people can scream about it all they want and care, it doesn't mean anybody else will care. jo
>> it's the house of jamie dimon, led by jamie dimon in the front seat, trying to give off is larger-than-life message that he does every year. you can speculate on his tax trade or whatever else you want to do. he has talked about this before and others have talked about similar things. annmarie: there is a lot of questions swirling in washington after he made those comments in davos. he had lunch with vp kamala harris. someone in the white house quipped to me that the days of davos are...
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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 17, 2024
04/24
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don't miss the best of their interview with jamie dimon. that conversation later in the show. this is bloomberg. ♪ >> >> welcome back to bloomberg daybreak: europe. the u.s. as it will impose new sanctions on iran. they are pushing into a wider conflict and an unprecedented attack there. patrick has been following all this progress. the key question is what significance the sanctions really are. is this merely symbolic for the u.s.? >> that is right. it was specifically intended because there was the nation -- the nature of this attack that you mentioned. the use planning similar moves. as you say, iran has a long track record of dealing with sanctions. it is a heavily sanctioned place. it has a persistence economy is done finding ways around them. i think the symbolism is much more important in this case. it is more of a diplomatic signal to israel. it is saying we are acting immediately in the days after that attack. therefore you don't need to go so hard in your planned military response to that attack. take this as a message of support and feel reassured that we are here
don't miss the best of their interview with jamie dimon. that conversation later in the show. this is bloomberg. ♪ >> >> welcome back to bloomberg daybreak: europe. the u.s. as it will impose new sanctions on iran. they are pushing into a wider conflict and an unprecedented attack there. patrick has been following all this progress. the key question is what significance the sanctions really are. is this merely symbolic for the u.s.? >> that is right. it was specifically...
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Apr 24, 2024
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we did, of course, hear from jamie dimon talking about a booming economy. airbnb clearly one of the big quinners if you're looking a -- winners. my sue hoe likes the stock. stuart: thank you, taylor. we're down a mere 17 is points. dow winners, there are some. let's have a look at them, headed by boeing, visa, intel, microsoft, nike all on the cup side, all dow stocks and winnersers. s&p 500, tesla, hasbro, web -- boston scientific, what is that? [laughter] >> i don't know, stu. stuart: i don't know that one. tesla, though, that's up 11%, and and that's a winner, right? nasdaq composite, the winner there is tesla, up to $1 is 61. costar, texas instruments, on semi. did i get all of that right? >> you did. on semi and analog are good chipmakers. stick with those. stuart: the 10-year moving up, 4.63%. the price of gold moving down again, off $6 at $2335. bitcoin hovering around $66,000, and it has been for a week. oil, low $880 a barrel -- 80 a barrel area, $82 a barrel now. nat gas always a below $2 and still is below $2, 1.74, to be precise. a gallon of reg
we did, of course, hear from jamie dimon talking about a booming economy. airbnb clearly one of the big quinners if you're looking a -- winners. my sue hoe likes the stock. stuart: thank you, taylor. we're down a mere 17 is points. dow winners, there are some. let's have a look at them, headed by boeing, visa, intel, microsoft, nike all on the cup side, all dow stocks and winnersers. s&p 500, tesla, hasbro, web -- boston scientific, what is that? [laughter] >> i don't know, stu....
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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 morning, everyone. looming this weekend, terror and war. the alarm bells are ringing. according to "the wall street journal," an iranian attack on israel is expected in the next two days. an american general is over there now backing up
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 9, 2024
04/24
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el it buand jamie dimon warninge of the government spending that does nobecaust stop the sp, will not stop the stimulus that's already in system,illion by the way, that 1.9 trillion. >> we did not need as wt a couy this speed to become green overnight. ask germany how that's destroyed their economy. and it's a killer. almost are conspiring againstav the average american and thissel why when these pollsters whenlsa these economists come and sandya how you don't know how great you have it, it's because people do not have a great i you know, it's interesting, we got last late last week jobs numbers and the mob the mediaekd that the ty were beside themselves. these numbers are phenomenal. well, one thing is we get the numbers and then they usually get revised downwardy usua significantly. that's part one. axios had a great analysis 's this of this jobs report, the vast majority of which there are part time jobs and jobs going not to americans but. >> how does that helpho american workers? t job re that doesn't sound like a great job report to me. >> no, you're absolutely right. the time w
el it buand jamie dimon warninge of the government spending that does nobecaust stop the sp, will not stop the stimulus that's already in system,illion by the way, that 1.9 trillion. >> we did not need as wt a couy this speed to become green overnight. ask germany how that's destroyed their economy. and it's a killer. almost are conspiring againstav the average american and thissel why when these pollsters whenlsa these economists come and sandya how you don't know how great you have it,...
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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 18, 2024
04/24
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maybe a little poly anna but that's jamie dimon. stuart: thanks, ash. you've got to look at this. squatters in new york city can now get free lawyers. can you believe that? well, that's new york and that's america. the full story coming up. biden authorized hundreds of thousands of work permits for venezuelan migrants. one restaurant owner in chicago says that's offensive and it's unfair. that business owner joins us next. stuart: nice gain for the dow and up 303 points and solid nasdaq up 9 o 0* and s&p up 306789 we got green today and lou basenese along for the ride for the hour and he's got stock picks. dock u -- doc u sign? is that oj simpson's lawyer? >> no, we use that multiple time as day and that's true of my businesses. in a tough tape and a market where we're see ago lot of red, want to focus on companies that are consistently putting up e arnings growth and docu sign has come up with that. stuart: couldn't they be a ffected by ai? >> they could but it's a great opportunity and they're integrating ai into technology and making the verification of signatures that much mor
maybe a little poly anna but that's jamie dimon. stuart: thanks, ash. you've got to look at this. squatters in new york city can now get free lawyers. can you believe that? well, that's new york and that's america. the full story coming up. biden authorized hundreds of thousands of work permits for venezuelan migrants. one restaurant owner in chicago says that's offensive and it's unfair. that business owner joins us next. stuart: nice gain for the dow and up 303 points and solid nasdaq up 9 o...
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aany chance that a democrat like jamie dimon woulrated be the treasury secretary? i don't know where trump is thinking. he's thinking in a lot of different directions for a lot of different posts. david: you worked there. >> secretary my my mnuchin was, evidenceing testify. he's looking at -- effective. robert li light hi iser was aei possibility.ng the core element of treasury secretary is dealing with chinad trade policy, sanctions on all kinds of enemies around the world. so you need somebody who is onos the same page with record to china and a i'm not sure that jamie dimon would be particularly --cu david: nolat as far as blackstone, though. >> you need somebody who is very similar in the thinking toward an aggressive approach th china as president trump is. david: they're giving me a wrap. you're going to the trump even this weekend, right in. >>>> yes.davi yes, i am. david:trum you think he'll mak> 32 million which is what he wants. let's hope so. we need a new. david: you were not always aal just trumpwa guy. >> i've always been prettyri positive on the pres
aany chance that a democrat like jamie dimon woulrated be the treasury secretary? i don't know where trump is thinking. he's thinking in a lot of different directions for a lot of different posts. david: you worked there. >> secretary my my mnuchin was, evidenceing testify. he's looking at -- effective. robert li light hi iser was aei possibility.ng the core element of treasury secretary is dealing with chinad trade policy, sanctions on all kinds of enemies around the world. so you need...
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jp morgan ceo jamie dimon slamming the move calling it "not only wrong but enormously naive". u.s. oil production down by 800,000-barrel as day and most recent rea reading from the 2024 from u.s. energy information administration. joining us now from house transportation infrastructure congressman eric burleson. good to see you, kongman. are we going to be actually having an outright ban on lng exports? >> with this in place, we've been jeopardizing hundreds of thousands of jobs in the united states and billions of doll lalashes in potential revenues d tens of billions in revenue coming in to the united states. david: but we're also threatening jobs and consumes. we have -- we're looking forward to eight years time with information to 80% increase in consumption and all the things we're plugging into and add onto that, all the electric car mandates they have, mandates to get rid of gas heating in our homes and god knows what else. our electric grids just won't be able to handle all this electricity. >> piling on and attempt to force everyone towards this electrified green new deal
jp morgan ceo jamie dimon slamming the move calling it "not only wrong but enormously naive". u.s. oil production down by 800,000-barrel as day and most recent rea reading from the 2024 from u.s. energy information administration. joining us now from house transportation infrastructure congressman eric burleson. good to see you, kongman. are we going to be actually having an outright ban on lng exports? >> with this in place, we've been jeopardizing hundreds of thousands of jobs...
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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 8, 2024
04/24
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jamie dimon, obviously, a huge one. warren buffett, jeff bezos wrote a very straight forward letter that you could tell was written by him with their voices. larry fink's letter was up there with the parents at the top of the letter. that's why these letters are so interesting. the tone in the markets is consistent for the last year. that is the important about the soft landing not necessarily being ascert certain as the mar expectation. >> tom has been the bull. tom, what do you think? >> um, i think jamie is doing his shareholders justice because they want to hear from him about all of the concerns out there. i think he does a great job of detailing all of the things that can go wrong. at the end up of the day, when it comes to markets, i think markets tend to price concerns quickly. i think that's really the concern for the last two years. that hard landing. now inflation pressure are easing at a time when consumers don't have a lot of leverage and $6 trillion of cash on the sidelines. inflation, we don't know how qu
jamie dimon, obviously, a huge one. warren buffett, jeff bezos wrote a very straight forward letter that you could tell was written by him with their voices. larry fink's letter was up there with the parents at the top of the letter. that's why these letters are so interesting. the tone in the markets is consistent for the last year. that is the important about the soft landing not necessarily being ascert certain as the mar expectation. >> tom has been the bull. tom, what do you think?...
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Apr 11, 2024
04/24
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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 12, 2024
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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 24, 2024
04/24
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jpmorgan ceo jamie dimon feeling confident. >> if you had to describe the u.s. economy, how resilient is it? >> it's unbelievable but, if you look at, basically it is booming. it has been booming for a while. since covid, kind of before there was slow growth. if you look at the economy it was very low growth for 20 years. if i was a government i would be looking at that saying why. i think there are a lot of bad reasons for it, like regulations and bureaucracy and stupidity and foreign policies and anti-growth taxation and a whole bunch of different other types of stuff but if you look at the economy since then, it has been booming. edward: but voters disagree. brand new polls showing that voters in swing states souring on the country's economic outlook. fox news's peter doocy is at the white house. peter the election could boil down to a few states, right? >> reporter: yes, edward, campaignwise, if you look at the seven states, battleground states most likely to determine the outcome of the election, the biden team, campaign and their allies, trump team, that c
jpmorgan ceo jamie dimon feeling confident. >> if you had to describe the u.s. economy, how resilient is it? >> it's unbelievable but, if you look at, basically it is booming. it has been booming for a while. since covid, kind of before there was slow growth. if you look at the economy it was very low growth for 20 years. if i was a government i would be looking at that saying why. i think there are a lot of bad reasons for it, like regulations and bureaucracy and stupidity and...
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Apr 9, 2024
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this year, oj is up 46 enter-mac i'm making up 23% a copy of 22% and zopp 19%, you know, jamie dimon also in that letter warns of a spike in inflation. we all renew inflation was higher for longer and we kind of -- we knew there was going to happen as a consequence of so-called free money. free money isn't free. you can try to byelections with it but it backfired minute -- miserably and jamie elman warning because of the government spending that does not stamp -- stop, the stimulus is already in the system by the way 1.9 trillion we did not need another country, this speed to become green overnight ask germany how that destroy the economy and is a killer of all those things are conspiring against the average american and this is why when these pollsters and win these economists come and say how come you don't know how great you have it is because people do not have a great. >> sean: you know, it's interesting. we got -- job lumber last week and the mob, media, they were beside themselves. these numbers are phenomenal. well one thing is we get the numbers and then they usually get rev
this year, oj is up 46 enter-mac i'm making up 23% a copy of 22% and zopp 19%, you know, jamie dimon also in that letter warns of a spike in inflation. we all renew inflation was higher for longer and we kind of -- we knew there was going to happen as a consequence of so-called free money. free money isn't free. you can try to byelections with it but it backfired minute -- miserably and jamie elman warning because of the government spending that does not stamp -- stop, the stimulus is already...
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Apr 12, 2024
04/24
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jamie dimon making comments, there appear to be a large number of persistent inflationary pressures which may likely continue in the future. we'll watch jpmorgan shares down 3.25%. turning to shares of wells fargo, out this morning, which are now down by 1.5%, that's off again premarket lows, down 3% half an hour ago, just around 20,000 shares of volume, 15 minutes ago, just when wells fargo reported. again, here, a beat for profits and revenues. this is america's third biggest bank by market value. net interest income concerns also percolating through some of these results as well. so, wells fargo and jpmorgan both kind of parsing through the numbers for the late breaking earnings news. and we'll cap things off with our third financial of the morning. not a big bank, but the world's biggest asset manager, is shares of blackrock higher by 2% right now. just over 7,000 shares of volume. this is the parent company of products like those ishares exchange traded funds and life path target date funds and others. they reported properties and revenues that both topped estimates. blackrock was he
jamie dimon making comments, there appear to be a large number of persistent inflationary pressures which may likely continue in the future. we'll watch jpmorgan shares down 3.25%. turning to shares of wells fargo, out this morning, which are now down by 1.5%, that's off again premarket lows, down 3% half an hour ago, just around 20,000 shares of volume, 15 minutes ago, just when wells fargo reported. again, here, a beat for profits and revenues. this is america's third biggest bank by market...
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Apr 12, 2024
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charles: i thought it was intriguing, jamie dimon's comments. he talked about cracks in subprime, and at the same time he said america's in great shape. this is one of my great frustrations. i wonder if economy -- any economists have any if poor relatives because if they tell me how great things are, and even when they acknowledge parts of the economy that aren't doing great, they point to these the aggregate numbers, and you just have to worry, i mean, how worried are you about the economy itself at this stage? >> well, if you ask me about the level of growth, i'm not that worried. i think that the level of growth is going to stay strong and it's going to keep the heat on inflation because the top end is doing well. the top end being upper income. they've got earning -- they've got stocks going up, home prices recovering, they've got interest from bonds now because we're not at zero anymore. charles: right. >> but the bottom half has more of the debt than the top half, doesn't own assets and is seeing inflation. they better hope that their boss
charles: i thought it was intriguing, jamie dimon's comments. he talked about cracks in subprime, and at the same time he said america's in great shape. this is one of my great frustrations. i wonder if economy -- any economists have any if poor relatives because if they tell me how great things are, and even when they acknowledge parts of the economy that aren't doing great, they point to these the aggregate numbers, and you just have to worry, i mean, how worried are you about the economy...
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Apr 17, 2024
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yahaira: you can see more of that interview with emily chang and jamie dimon, tonight on bloomberg. or stream it on bloomberg originals. jonathan: thank you. i've seen the trailer for the new series, very cool, looking forward to that of it later. coming up next on the program, higher for longer. >> we will need greater confidence that inflation is moving. the recent data has not given us confidence, indicating it's likely to take longer than expected to achieve the confidence. jonathan: that conversation, up next. do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. great job astro-persons. over. boring is the jumping off point for all the un-boring things we do. boring makes vacations happen, early retirements pos
yahaira: you can see more of that interview with emily chang and jamie dimon, tonight on bloomberg. or stream it on bloomberg originals. jonathan: thank you. i've seen the trailer for the new series, very cool, looking forward to that of it later. coming up next on the program, higher for longer. >> we will need greater confidence that inflation is moving. the recent data has not given us confidence, indicating it's likely to take longer than expected to achieve the confidence. jonathan:...
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Apr 12, 2024
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jamie dimon has also been saying sticky inflation, but fink early was talking about fiscal stimulus, just permeating the economy, no recession. i remember when he was on with us last year, talking about, i don't see a recession because we have had so much fiscal spending, and by the way, that's going to make inflation sticky. it's an interesting time to talk to him on a week where cpi surprised to the upside, and has made investors rethink the entire rate view. a number of wall street firms, today, mike, are saying it's not going to be until december that we get a rate cut. >> it could be. >> and that would be one cut for the year. >> exactly. and so, that -- i was sort of dangling that out there, starting a few weeks ago, about this whole, we're in the opposite version of 2015 where the fed wanted to get off zero, they wanted to punctuate a whole fed cycle, and they couldn't. the economic numbers were weak. inflation was low. they didn't have the basis to do the multiple cuts that year that they anticipated a year earlier, and finally, in december, without the economy telling them t
jamie dimon has also been saying sticky inflation, but fink early was talking about fiscal stimulus, just permeating the economy, no recession. i remember when he was on with us last year, talking about, i don't see a recession because we have had so much fiscal spending, and by the way, that's going to make inflation sticky. it's an interesting time to talk to him on a week where cpi surprised to the upside, and has made investors rethink the entire rate view. a number of wall street firms,...
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it does look like disney, disney received support for investors like george lucas, jamie dimon and family members, they can change until the last second. they are riding on that and the stock held by average individuals. disney dropped the ball of content to extending iger's contract with no further succession plan. i was an analyst a decade ago. we expect iger in 2014 which is not happened. realistically, to of 12 board seats warrant the power to overhaul the company. they are primarily involved in leadership changes and major acquisitions, it's not day today. the biggest impact put disney on defense force things into cost-cutting plans and how stock reacted after a terrible run last year, it's up 35% year to date, it increased 40% since announcing support so disney is likely going to win but the scrutiny stays. stuart: show me tesla. talk hit its lowest point in four years after deliveries fell more than expected. ray wong joins me in technology stocks. total blame but this decline on red sea attacks and production issues, but ev demand in america slowed. will this decline continue with
it does look like disney, disney received support for investors like george lucas, jamie dimon and family members, they can change until the last second. they are riding on that and the stock held by average individuals. disney dropped the ball of content to extending iger's contract with no further succession plan. i was an analyst a decade ago. we expect iger in 2014 which is not happened. realistically, to of 12 board seats warrant the power to overhaul the company. they are primarily...
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Apr 15, 2024
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dimon call on inflation which is tougher this year and the cuts that everybody expected is pushed further out. if that happens, that is not good for ceo confidence. you will have an issue with the mergers and the debt and equity issuance that would help goldman sachs. >> you mentioned that david solomon is facing a few issues. the pushback to the pay package and the brain drain with top people leaving the company at goldman. how big of an issue is that for investors compared to another thing like the fact that the rate cut picture has changed? in your notes, you pointed out six or seven cuts, but goldman sachs' stock took off. >> reporter: when it was all things go in november and up to the right, goldman sachs climbed 50%. i think people underappunder apd how linked they were to the numbers. i think the brain drain is bad for david solomon. the performance of the company is what matters. if that holds, they will be okay. i think the problem is if you see the results over the next year and call ita make or break year is hyperbole, but it is some with a true. if you see some decline in the
dimon call on inflation which is tougher this year and the cuts that everybody expected is pushed further out. if that happens, that is not good for ceo confidence. you will have an issue with the mergers and the debt and equity issuance that would help goldman sachs. >> you mentioned that david solomon is facing a few issues. the pushback to the pay package and the brain drain with top people leaving the company at goldman. how big of an issue is that for investors compared to another...
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Apr 8, 2024
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we've been watching this conversation that jamie dimon has been having around oil and gas projects. he calls it the idea that you can stop these projects as enormously naive. lng is a boon for the u.s. and his shareholder letter, saying that the delays in the u.s. of liquefied natural gas objects are done for political reasons to pacify those who believe oil and gas should be stopped, which he calls wrong and naive. on a number of different topics that he broached in his annual shareholding letter. paul: he addressed j.p. morgan's decision to exit climate action 100 plus. he said we've got our own people, we will make our own decisions. so those reactions really dovetailed, but no surprise that he thought one of the biggest issues facing the world was ai. he thinks it will be disruptive. haidi: really quite interesting. talking about potentially this idea of these themes coming into fruition in both threats and opportunities that we see for the world as well. talking about transformational impact of ai, potentially in terms of how important it is for their own business, society at l
we've been watching this conversation that jamie dimon has been having around oil and gas projects. he calls it the idea that you can stop these projects as enormously naive. lng is a boon for the u.s. and his shareholder letter, saying that the delays in the u.s. of liquefied natural gas objects are done for political reasons to pacify those who believe oil and gas should be stopped, which he calls wrong and naive. on a number of different topics that he broached in his annual shareholding...
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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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Apr 18, 2024
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even jamie dimon thinks interest rates go to 8%. gives me a lot of caution investing too far out when inflation isn't like and getting hotter. neil: jimmy carter was a friend of mine. this is not the jimmy carter days, not yet anyway. i do wonder, we had expectations rates should stay low and mortgage rate news that we are back over 7% on 30 year fixed mortgage. existing home sales like new-home sales, we are seeing a little bit of data going on but i'm also seeing the united airlines folks and others talking about busy travel demand for the end of the year, hotels still booked, theaters still pack to. it's not armageddon out there. >> never want to bet against american, the most entrepreneurial, capitalist created economy in the history of america but interest rates, talking about cutting rates, interest rates are going from 3. 8% % to 4.6% on the 5 year note. issues most sensitive fed interest rates. neil: the market rates beyond the fed's control, markets are anticipating continued price pressure. that isn't good for stocks and i
even jamie dimon thinks interest rates go to 8%. gives me a lot of caution investing too far out when inflation isn't like and getting hotter. neil: jimmy carter was a friend of mine. this is not the jimmy carter days, not yet anyway. i do wonder, we had expectations rates should stay low and mortgage rate news that we are back over 7% on 30 year fixed mortgage. existing home sales like new-home sales, we are seeing a little bit of data going on but i'm also seeing the united airlines folks and...
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Apr 15, 2024
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tom: we had that morning from jamie dimon from j.p. morgan morning about your clinical risks. -- about your clinical risks. really interesting transition across the -- jenny and the team will be across all of that for us. there is blood more coming up as we look at european futures pointing higher 0.4 percent. s&p mini's also pointing up 0.4%, after a challenging week last week. the context is that so far this month, european and u.s. stocks are off 1.5%. but a brighter picture for the equities space despite geopolitical risks. we will keep across that story for you. to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) tom: good morning, this is "bloomberg d
tom: we had that morning from jamie dimon from j.p. morgan morning about your clinical risks. -- about your clinical risks. really interesting transition across the -- jenny and the team will be across all of that for us. there is blood more coming up as we look at european futures pointing higher 0.4 percent. s&p mini's also pointing up 0.4%, after a challenging week last week. the context is that so far this month, european and u.s. stocks are off 1.5%. but a brighter picture for the...
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Apr 30, 2024
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dimon, this is part of it. cautioning lawmakers about the effects. >> the deficit is 50% of gdp, that's driving the growth and that will have other consequences down the road, called inflation, not what people expect to. >> $7 trillion into spending of the student loan plan which adds to that laser focused on enforcing the transition to electric and other spending nonmoving polls, a new cnn polls shows 60% of registered voters as a failure, 39% say it has been a success. yesterday government spending seen here at the white house as part of a solution and why americans should feel better about their financial situation. >> the american rescue plan was important in turning the economy around dealing with supply chains so we understand prices are too high. this is why you hear us talk about lowering prescription drugs. it is important. >> the president has been pushing that message hard for the past month but is not resonating in the polls. neil: all right. thank you for that and your hard work. i want to take ano
dimon, this is part of it. cautioning lawmakers about the effects. >> the deficit is 50% of gdp, that's driving the growth and that will have other consequences down the road, called inflation, not what people expect to. >> $7 trillion into spending of the student loan plan which adds to that laser focused on enforcing the transition to electric and other spending nonmoving polls, a new cnn polls shows 60% of registered voters as a failure, 39% say it has been a success. yesterday...
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Apr 26, 2024
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jamie dimon warned of the risk of stagflation. how close do you think the economy is to a very large downturn? >> let's hope not. i will tell you with a debt laden government and debt laden consumer and there's a lot out there, we go into recession now, it could really be not a very good one. keeping fingers crossed. what i'm watching is the job market. if we start to lose jobs. a lot of job gains have been part-time, we start to lose jobs, that is when i would suggest the are a word will come into play but you see the gdp numbers already starting to head the wrong way and i think there's a very close love-hate relationship in the economy and hopefully we don't tip over. >> microsoft reported better-than-expected strong earnings, what do you think about mega companies and the earnings they are showing us right now? >> if you look at microsoft and google, it is a two tear type of solution. ai is very prominent for example in large companies which i was talking to a fortune 25 company and they are all in, they've got a big organizat
jamie dimon warned of the risk of stagflation. how close do you think the economy is to a very large downturn? >> let's hope not. i will tell you with a debt laden government and debt laden consumer and there's a lot out there, we go into recession now, it could really be not a very good one. keeping fingers crossed. what i'm watching is the job market. if we start to lose jobs. a lot of job gains have been part-time, we start to lose jobs, that is when i would suggest the are a word will...
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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 12, 2024
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dimon, larry fink, et cetera. inflation is not getting down to their level anytime soon. the entire bet, will the market continue to have the surprising resilience and will the economy have the surprising resilience to such a long and swift rate hiking cycle and wait it out? >> dimon says as participate of their earnings release, we remain alert to unsettling global landscape including terrible wars and violence. one such factor in jpm's business and the broader economy. rate cuts are not off the table. they've been pushed out, even the fed speakers are still talking about wanting to cut rates. you can't dismiss dimon's comments. we have the geopolitical concerns and the move in commodities is unsettling in and of itself in some respects. >> right. and to steve's point -- and this started last week. last week we got a lot of better economic data but the market wasn't up. i think that's a really interesting point because we're moving from this narrative we came into the year going to have a deflationary boom or dis
dimon, larry fink, et cetera. inflation is not getting down to their level anytime soon. the entire bet, will the market continue to have the surprising resilience and will the economy have the surprising resilience to such a long and swift rate hiking cycle and wait it out? >> dimon says as participate of their earnings release, we remain alert to unsettling global landscape including terrible wars and violence. one such factor in jpm's business and the broader economy. rate cuts are not...
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Apr 12, 2024
04/24
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dimon warning warning that persistent inflationary pressures continue to weigh on the economy. and cricking to the inflation worries rising oil prices that touched a six month high on r ising tensions in the middle east and finally a warning for ewe middle income stacks filers and tax day approaches more than half of outrebounded ditterman targets 63% earned 2 million or less. 4 million? it's 200,000. larry: sure, willie sutton, the famous economist with the money. why go after the middle class? that's yours truly money is. gerri will willis, the best ofe best. thanks ever so much. with us now is kevin hassett, former chair of council of economic advisers. distinguished fellow at hoover institutions and author of most important book of the century called drift stopping socialism. import price up 0.4 in march after 0.3 in february and 0.7 in january. you know all about inflation over the past three months and c pi about 4.5% and annual array. what's going on here, kevin hassett? >> right, well it's going e xactly the way you and i have been saying it would go for the last two ye
dimon warning warning that persistent inflationary pressures continue to weigh on the economy. and cricking to the inflation worries rising oil prices that touched a six month high on r ising tensions in the middle east and finally a warning for ewe middle income stacks filers and tax day approaches more than half of outrebounded ditterman targets 63% earned 2 million or less. 4 million? it's 200,000. larry: sure, willie sutton, the famous economist with the money. why go after the middle...
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Apr 16, 2024
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haidi: we do have an exclusive interview with jpmorgan chase ceo, jamie dimon with emily chang. you can see it here on bloomberg television 6:00 p.m. wednesday, new york time. still ahead, new stanford research tracks a massive surge in funding for generative ai topping $25 billion last year. we get more from that report later in the hour. janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪ >> i fully expect we will take additional sanctions action against iran in the coming days. we do not preview our sanction tools but in discussions i have had, all options to disrupt terrorist financing of iran continue to be on the table. haidi: treasury secretary yellen on the response to the attack on israel. the white house has fresh sanctions will target israeli's missile and drone program -- iran's missile and drone program. let's bring in kirsten fontenrose, president, red six international. great to have you with us. we were chatting in the commercial break. you are saying the likelihood
haidi: we do have an exclusive interview with jpmorgan chase ceo, jamie dimon with emily chang. you can see it here on bloomberg television 6:00 p.m. wednesday, new york time. still ahead, new stanford research tracks a massive surge in funding for generative ai topping $25 billion last year. we get more from that report later in the hour. janet yellen warning of stronger u.s. sanctions on iran within days. we get more on the developments in the middle east, next. this is bloomberg. ♪...
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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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judy, you sounded a bit like something jamie dimon said in his note to stockholders and jamie said it's important to note the economy is being fueled by large amounts of government deficit stephoning and past symmelus. there's also growing need for increased spending as we continue transiting to a greener economy, restructuring global supply change and battling high healthcare costs and this may lead to stickier and comfortable inflation with higher rates than markets expect. where sin fellation going tomorrow? we get cpi numbers. i don't expect you to forecast what they will be. but where are you thinking inflation is going in general? >> so long as this fiscal stimulus is going we can expect to see general level price levels and commodities going up, energy going up, gold, copper, fuel, and the problem is it's become clear that no matter how high the revenues go, that come into the government under this administration they expand all that and more. there's no interest rate high enough for the federal reserve who request fight that kind of inflationary pressure. so long the fiscal stim
judy, you sounded a bit like something jamie dimon said in his note to stockholders and jamie said it's important to note the economy is being fueled by large amounts of government deficit stephoning and past symmelus. there's also growing need for increased spending as we continue transiting to a greener economy, restructuring global supply change and battling high healthcare costs and this may lead to stickier and comfortable inflation with higher rates than markets expect. where sin...
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Apr 17, 2024
04/24
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we are going to have an exclusive interview with jamie dimon in the second season premiere of the circuit with emily chang. you can see it here on bloomberg television at 6:00 p.m. wednesday new york time, 6:00 a.m. thursday if you're watching from hong kong. some breaking news relating to the trading we are seeing today over the session. we have had the asian benchmark, the msci asia-pacific index erasing its year-to-date gain. we are pretty muted so far in the session but certainly enough in a pullback over the last few days to bring us back down to where we were really to start the year. it is really that repricing we are seeing in terms of the outlook for the fed. it has been a really big readjustment around citations, given earlier this year we had seven cuts priced in. now around that two to three po int. those higher treasury yields. but the be gim ceo actually sees bonds making a comeback the next few years. he told us more about the factors behind the migration for mighty mac it funds to money assets. >> certainly i am at a higher level of interest rates relative to money market
we are going to have an exclusive interview with jamie dimon in the second season premiere of the circuit with emily chang. you can see it here on bloomberg television at 6:00 p.m. wednesday new york time, 6:00 a.m. thursday if you're watching from hong kong. some breaking news relating to the trading we are seeing today over the session. we have had the asian benchmark, the msci asia-pacific index erasing its year-to-date gain. we are pretty muted so far in the session but certainly enough in...
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Apr 9, 2024
04/24
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. >> quickly can i get a final thought on jamie dimon? he is making a lot of headlines with his new letter out looking forward saying this economy is being fueled by large amounts of, guess what? government deficit spending in past stimulus recent events however may very well be creating risks that could eclipse anything since world war ii broke. we should not take them lightly. >> we are spending the money to defend ourselves in the world come that's not the circumstance we are in. listen, i'm glad he said stimulus because a lot of people feel like it's in the past. it is still pumped in peer you know on friday all those local jobs? that was really federal money. federal money in a timely manner to create jobs into the election. it's all part of the scam and it has to stop because again we paid for it when inflation goes through the roof everybody pays for it. it's another scheme to get president biden reelected. ultimately it does nothing net positive for this country. >> sandra: we will cut that sound bite because we have our econ pane
. >> quickly can i get a final thought on jamie dimon? he is making a lot of headlines with his new letter out looking forward saying this economy is being fueled by large amounts of, guess what? government deficit spending in past stimulus recent events however may very well be creating risks that could eclipse anything since world war ii broke. we should not take them lightly. >> we are spending the money to defend ourselves in the world come that's not the circumstance we are in....
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Apr 12, 2024
04/24
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jpmorgan's ceo, jamie dimon warning of the triple threat, and larry fink saying the central bank may miss its inflation target. the kbe on track for its worst month. all of this as q1 earnings season gets started and investors embrace for an attack between israel and iran. tim, what do you say? >> it really is the geopolitical climate that is part of where we closed the week. and we've said this. those boxes you check when you're filling out the survey, what keeps you up most at night, it's not necessarily 21 times forward on the s&p. it's geopolitics. i'll leave aside the analysis politically and socially of iran potentially invading israel. what that means, look at the dollar move. the dollar has rallied in the last two days. the price in oil and -- and oil prices, iran and israel means oil higher for longer. we talk about interest rates higher for longer. it was as bad of a day as markets have seen since january. you brought up the vix. the fact it's up more year to date than semiconductors, and i'm sure carter has a view of semis. you look at a day like today and you look at wher
jpmorgan's ceo, jamie dimon warning of the triple threat, and larry fink saying the central bank may miss its inflation target. the kbe on track for its worst month. all of this as q1 earnings season gets started and investors embrace for an attack between israel and iran. tim, what do you say? >> it really is the geopolitical climate that is part of where we closed the week. and we've said this. those boxes you check when you're filling out the survey, what keeps you up most at night,...
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Apr 12, 2024
04/24
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and brin, when jamie dimon warns of all of these things that are out there as potential major risks, like he's been doing, suggesting that, you know, in the past couple weeks, that the economy or the market's outlook about the economy is too optimistic and there are a lot of variables out there that can upset the story >> right. i mean i think he's pragmatic and lays it out for everybody. with jpmorgan, mike hit it spot on. with earnings you have to look at individual companies. if you think about it, five names probably have an $11 trillion market cap collectively, if you look at apple, amazon, microsoft, meta, so i think that amazon, meta, microsoft, and nvidia, i think they're going to have great numbers. i think they're going to be solid. the calls will be very upbeat. we're not going to get to those numbers for a couple weeks, and, so i just think until we get to the big names that we're all excited about, you're going to have individual names. if you do not beat and raise this market will not suffer, and it will be dicey for these companies that just kind of have, you know, eh
and brin, when jamie dimon warns of all of these things that are out there as potential major risks, like he's been doing, suggesting that, you know, in the past couple weeks, that the economy or the market's outlook about the economy is too optimistic and there are a lot of variables out there that can upset the story >> right. i mean i think he's pragmatic and lays it out for everybody. with jpmorgan, mike hit it spot on. with earnings you have to look at individual companies. if you...
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Apr 19, 2024
04/24
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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 12, 2024
04/24
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. >> bill: jamie dimon says think the printing press, computing and internet along others. i don't know if you think that's overblown or not. i saw a video this week. let me finish. i saw a video of a robot playing badminton against a good human being. there is no way out of 100 matches that human is going to beat the robot that i watched. >> i don't doubt it. badminton is a game, not a profession except for a very few people. >> bill: they trained a robot to do it. it is already here. give you the last thought. >> there is difference between a.i. for some single narrow task like hitting a badminton birdie and getting it to work in the real world. we haven't gotten driverless cars to work even though $1 hundred billion have gone in. it is hard to do a lot of a.i.n. real world. for a lot of things we need reliability we're still working on that. >> bill: we'll talk again. gary markus. thanks for coming on. >> dana: the greatest of all time has already come out of retirement once and could he do it a second time? >> if somebody goes down would you pick up the phone? >> i'm no
. >> bill: jamie dimon says think the printing press, computing and internet along others. i don't know if you think that's overblown or not. i saw a video this week. let me finish. i saw a video of a robot playing badminton against a good human being. there is no way out of 100 matches that human is going to beat the robot that i watched. >> i don't doubt it. badminton is a game, not a profession except for a very few people. >> bill: they trained a robot to do it. it is...
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Apr 25, 2024
04/24
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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...
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Apr 9, 2024
04/24
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FOXNEWSW
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that now has jamie dimon telling j.p. morgan investors he thinks 8% interest rates could be on the horizon along with higher inflation. he is not sold on the soft landing for the economy and this is why. he says it is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus. this may lead to stickier inflation and higher rates than markets expect. but this loan forgiveness is a key contrast president biden plans to keep making as the next election gets closer and closer. >> tens of millions of people's debt was literally about to get canceled but then some of my republican friends and elected officials and special interest sued us and the supreme court blocked us. but that didn't. [boos] >> well, that didn't stop us. no, i mean it sincerely. we continue to find alternatives to pass student debt repayments that are not challengeable. >> peter: it's a mixed bag for president biden in a new gallup poll that finds independents believe that donald trump is a stronger,
that now has jamie dimon telling j.p. morgan investors he thinks 8% interest rates could be on the horizon along with higher inflation. he is not sold on the soft landing for the economy and this is why. he says it is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus. this may lead to stickier inflation and higher rates than markets expect. but this loan forgiveness is a key contrast president biden plans to keep making as the...
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Apr 24, 2024
04/24
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. >> jpmorgan chase ceo jamie dimon worried the economy is heading back to the stagflation time of the 1970s. let's bring jerry baker, what is your reaction to that? at the same time he is saying the consumer is still strong in the economy is still good but that warning, what is your take away from that? >> the worry is we can have persistent inflation we have talked about that before despite the biden administration's attempts to claim it going away. it is not their fault. we have persistent inflation in the economy perry we also have reasonable growth. we have reasonably low unemployment so we don't have stagflation but the risk in the future because inflation is still so high the fed is keeping interest rates higher than people thought they would for longer. now we are told the fed won't cut interest rates at all this year as we discussed before they may even have to raise rates even higher. when that happens, the economy will have to slow down. then you will see unemployment rise. you will see growth slow down with inflation remaining at a high-level. so it's a 1970s, sandra, we ha
. >> jpmorgan chase ceo jamie dimon worried the economy is heading back to the stagflation time of the 1970s. let's bring jerry baker, what is your reaction to that? at the same time he is saying the consumer is still strong in the economy is still good but that warning, what is your take away from that? >> the worry is we can have persistent inflation we have talked about that before despite the biden administration's attempts to claim it going away. it is not their fault. we have...