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May 20, 2024
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theme support our stock. >> when jamie dimon says i'm cautiously pessimistic that's jamie being jamie and in your mind there's not that much to be pessimistic about when it comes to his business? >> i think jamie dimon is worried about the geopolitical risks and debt levels of government and things that happen to go wrong with the tail risk overall but what you're seeing in jamie dimon's numbers overall were fine, were good and he's worried about the kind of three sigma event. >> so the nvidia of banking you always have a way with words and you're talking about jpmorgan? >> the one number that stood out from jpmorgan's investor day today. >> gpu sales >> no. $17 billion of tech spend. $17 billion. that's a record. no bank has ever spent $17 billion on tech in one year. that's equal to the total expenses for the eighth largest bank that's what jpmorgan spends on tech alone. spending it on ai and digital banking and modernizing the back office trying to be the preeminent digital bank 2.0 the next version of banking where you create new product services, relationships and engagements tha
theme support our stock. >> when jamie dimon says i'm cautiously pessimistic that's jamie being jamie and in your mind there's not that much to be pessimistic about when it comes to his business? >> i think jamie dimon is worried about the geopolitical risks and debt levels of government and things that happen to go wrong with the tail risk overall but what you're seeing in jamie dimon's numbers overall were fine, were good and he's worried about the kind of three sigma event....
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May 20, 2024
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the drop coming off ceo jamie dimon said this at the company's investor day >> i think we're in a very good position to continue to invest in our future, and we're not going to buy back stock now. >> share buy-backs have been a big driver for stocks this year. look at the gains in alphabet and apple since the companies announced massive repurchase plans. but with stocks at all-time highs, the nasdaq posting a record close today the dow setting a new intraday before pulling back. have valuations gotten ahead of themselves if jamie dimon is not buying at these levels, the question is, should you why are you laughing already >> you read my mind. i'm thinking to myself, if he's not buying, why should you >> mouthing it but the reversal today is very interesting. >> yeah. >> noa lot of volume, this reversal >> more than two times you are spot-on with that. we talk about price to tangible book, price to book, and he obviously watches the show from time to time, because jpmorgan almost got 2.35 times tangible book, almost two times book value, which is historically expensive. it's not an indi
the drop coming off ceo jamie dimon said this at the company's investor day >> i think we're in a very good position to continue to invest in our future, and we're not going to buy back stock now. >> share buy-backs have been a big driver for stocks this year. look at the gains in alphabet and apple since the companies announced massive repurchase plans. but with stocks at all-time highs, the nasdaq posting a record close today the dow setting a new intraday before pulling back....
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May 16, 2024
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jamie dimon, thank you for joining us. the jp morgan chief executive officer and with that, i will send it back to you in new york. jonathan: a fantastic 15 minutes with the brilliant francine lacqua breaking down the markets and everything else. what you heard there is it was not an economist giving you a base case. it was a chief executive talk about a very wide range of outcomes that he needs to manage wherever they fall. lisa: his range of outcomes still has skewed to the idea of yields going higher and inflation remain sticky. not a base case and is not calling for yields to go to 6%. how do businesses hedge against the possibility at a time where they have to be prepared for risks that are maybe a little bit more tricky now. jonathan: also a lot in there about foreign policy and international risks. annmarie: interesting what he had to say about the u.s. and china working together. that's the opposite of what we've seen or potentially will see whether his trump or biden here. this morning, the wall street journal tal
jamie dimon, thank you for joining us. the jp morgan chief executive officer and with that, i will send it back to you in new york. jonathan: a fantastic 15 minutes with the brilliant francine lacqua breaking down the markets and everything else. what you heard there is it was not an economist giving you a base case. it was a chief executive talk about a very wide range of outcomes that he needs to manage wherever they fall. lisa: his range of outcomes still has skewed to the idea of yields...
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May 20, 2024
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jamie dimon is 68 years old. other banks have not had smooth succession dramas. it's always bad for the company going forward. morgan stanley did have a very smooth succession planning. james gorman, the former ceo now, put two guys, said these are my two guys. don't fight but let me judge you on performance t was an did i sapper steen and ted pick, and ted pick became the choice. andy sapper steen remains at the bank. that is how seamless it was. jamie dimon is aiming for the same thing among three people that are definitely, you know, ceo worthy types. marianne lake, jen pep -- sack and joy robach. they are not household names. timing, two years is what we hear. we will give it two years when he is 70 and then he will bow out. one of those three, if i was going to like roll the dice here, i would say marianne lake. then there is the question what does jamie dimon do? he is not exactly unhealthy 70-year-old. he is not unhealthy 68-year-old. i'm sure he will not be unhealthy 70-year-old. he has a lot of energy. two things if you talk to his friend, academia or po
jamie dimon is 68 years old. other banks have not had smooth succession dramas. it's always bad for the company going forward. morgan stanley did have a very smooth succession planning. james gorman, the former ceo now, put two guys, said these are my two guys. don't fight but let me judge you on performance t was an did i sapper steen and ted pick, and ted pick became the choice. andy sapper steen remains at the bank. that is how seamless it was. jamie dimon is aiming for the same thing among...
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May 20, 2024
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jamie dimon's weather forecast, what does it look like? >> is very pessimistic. he kept using that word when asked about his outlook. this is a global outlook, not just about the u.s. economy. he cites inflation, quantitative tightening, and the geopolitical tensions he thinks are not going to subside within the next few years pretty has also cited consumers and small businesses are seeing they are running out of excess cash that was built up during the pandemic. this is across the major wall street banks, specifically the big consumer banks. this was a very pessimistic outlook. it just means for them, when asked about buybacks, they kept reiterating this is not the time that we are going to buy back our stock, even though it is hitting record highs. sonali: at the same time, you have the general pessimism, some caution baked in, but you also have them talking about areas of investment where they want to double down in this environment while saying 17% returns on equity the more normal way to look at things moving forward. where are those investment opportunities
jamie dimon's weather forecast, what does it look like? >> is very pessimistic. he kept using that word when asked about his outlook. this is a global outlook, not just about the u.s. economy. he cites inflation, quantitative tightening, and the geopolitical tensions he thinks are not going to subside within the next few years pretty has also cited consumers and small businesses are seeing they are running out of excess cash that was built up during the pandemic. this is across the major...
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May 16, 2024
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morgan jamie dimon said yesterday full engagement with china in an interview with sky news is that i think the market government is doing the right thing to fully engage there not an enemy but competing they wanted different world than we want they wanted different world than we want but unfortunately they are using the world on our world of surveillance of the market citizens of business at military installations. >> in the poisoning of americans affected all 75000 deaths a year from a deliberate chinese plan to weaken the united states. this is a free country we have a first amendment jamie dimon can advocate a policy that hasn't worked for three decades, engagement sounds good to the ear in appeals to the better instincts of the american public but he completely failed. i think jv diamond is smarter than that. maria: is about the messages coming from the top i spoke with jamie dimon back in january of this year and it was about working to do with the law allows and maybe there gets united states but totally lawful to operate in china here is the chairman and ceo with me earlier th
morgan jamie dimon said yesterday full engagement with china in an interview with sky news is that i think the market government is doing the right thing to fully engage there not an enemy but competing they wanted different world than we want they wanted different world than we want but unfortunately they are using the world on our world of surveillance of the market citizens of business at military installations. >> in the poisoning of americans affected all 75000 deaths a year from a...
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May 16, 2024
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we are about to hear from jamie more asher jp morgan's jamie dimon and fed officials saying the central banks should be keeping borrowing costs higher for longer. one was that cleveland fed president, take a listen. >> incoming economic information indicates it is going to take longer to gain the confidence. so holding our restrictive stands for longer is prudent to at this point as we gain clarity about the path of inflation. >> i think the surprise would be higher rate because inflation did not go down. inflation has been stubborn and could bounce up next year. i think inflation may be in the cards. it may have nothing to do with what we see today. >> let's bring in our first guest, burns mckinney fromnfj investment group. the market exuberance in reaction to the u.s. cpi data, still questionable in terms of inflationary pressures in the core core. is it surprising that we are seeing a reassessment of their reality check now? burns: it is not terribly surprising. we have been in this mode for the last couple of years where the equity markets are continuously trading raised on what the
we are about to hear from jamie more asher jp morgan's jamie dimon and fed officials saying the central banks should be keeping borrowing costs higher for longer. one was that cleveland fed president, take a listen. >> incoming economic information indicates it is going to take longer to gain the confidence. so holding our restrictive stands for longer is prudent to at this point as we gain clarity about the path of inflation. >> i think the surprise would be higher rate because...
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May 23, 2024
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. >>> and jamie dimon keeping optimism in check. we will tell you his biggest market fears. >>> and the department of justice getsset for the full-court press on livenation and ticketmaster. >>> and later, wage inflation meets sticker shock in florida it's thursday, may 23rd, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. thank you so much for being here with us. let's get you ready for the trading day ahead. we kickoff the hour with the check of the stock futures stude futures are higher the dow has been moving between positive and flat. you can see it is down fractionally right now you see the nasdaq up big following the nvidia report. the s&p firmly in green territory. this is following the release of the fed's minutes and raising concerns of the persistent inflation and signaling a longer timeline for cuts than expected. the expectation for the july meeting stands at 18%. according to the cme, it was 25% earlier this week. david solomon expects zero rate cut
. >>> and jamie dimon keeping optimism in check. we will tell you his biggest market fears. >>> and the department of justice getsset for the full-court press on livenation and ticketmaster. >>> and later, wage inflation meets sticker shock in florida it's thursday, may 23rd, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. thank you so much for being here with us. let's get...
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May 17, 2024
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tom: jp morgan ceo jamie dimon that may be inflation is underpriced by the markets. let's cross a look cross asset as we see movement in terms of yields edging higher on the tenure yesterday. today, the 10 year is unchanged at 436. jamie dimon saying that headwinds that could keep prices elevated remain structural changes, particularly around things like renewable energies and the shifts to more military spending. you are -- euro-dollar at 10 eight. the ecb suggest that yes, you make get a cut in june, but don't bank on july as a cut is not warranted. concerns about it being flat. bread $83 53, up 3/10 of a percent. copper continues to grind higher. 10,429 on that industrial metal. currently flat in the session. the gains continue to come through. avril hong standing by in singapore for a breakdown, and it's a busy friday for you. what standing out for you? avril: let me count. so many things. first with the fed narrative, there may have china data. asia stocks are already negative territory as the expectations of cuts were underground. so were declined. we have the
tom: jp morgan ceo jamie dimon that may be inflation is underpriced by the markets. let's cross a look cross asset as we see movement in terms of yields edging higher on the tenure yesterday. today, the 10 year is unchanged at 436. jamie dimon saying that headwinds that could keep prices elevated remain structural changes, particularly around things like renewable energies and the shifts to more military spending. you are -- euro-dollar at 10 eight. the ecb suggest that yes, you make get a cut...
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May 17, 2024
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paul: jamie dimon speaking to bloomberg's francine. head of income strategies amy kirkpatrick is with us. the fed has but it needs to start easing but i want to pick up on what jamie was saying. history about what he has observed and he has some gray hair. this is something i raised this week, he is old enough to remember the days of double digit inflation. this is not high, zero low rates are not normal. is it heavy talk? amy: markets like -- equity markets like to be optimistic but i do not have as much -- i have the data of the last century and whenever you look at the range of inflation and you look at the recent episode, we are tracking ahead of schedule in terms of the way inflation came down so i agree with jamie that the market is overoptimistic but i do not agree that the surprise is inflation, it may be that inflation under shoots. and then we have to cut more than currently. paul: that could be the debate in markets. we have a chart that indicates what the market is expecting and were back to the idea or of two rate cuts, do
paul: jamie dimon speaking to bloomberg's francine. head of income strategies amy kirkpatrick is with us. the fed has but it needs to start easing but i want to pick up on what jamie was saying. history about what he has observed and he has some gray hair. this is something i raised this week, he is old enough to remember the days of double digit inflation. this is not high, zero low rates are not normal. is it heavy talk? amy: markets like -- equity markets like to be optimistic but i do not...
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May 20, 2024
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last year i heard that jamie dimon was warning other bank ceos not to talk to michael about -- michael barr, but others on the board. barons of the wall street journal, mark gruenberg, staying on as an important decider of which capital rules go into action. who are the most important people we should be watching? rodgin: the effort is being led by the federal reserve. they are going to want to get the other two government agencies, the prudential bank regulators, involved. the fbi see and the occ -- fbi see and occ -- fdic and occ. jamie dimon bus efforts have been echoed by inserted efforts from the regulatory agencies in the halls of congress, the media, and with the administration. david: and all of those comments are having an effect. we heard from the vice chair now that we should expect a substantive revisions to the proposals. what do you expect to come out? rodgin: so, i agree that there will be substantial revisions and that those will be in the component parts and therefore in the overall outcome. the agencies have a real dilemma, here. number one, they can't simply adopt a
last year i heard that jamie dimon was warning other bank ceos not to talk to michael about -- michael barr, but others on the board. barons of the wall street journal, mark gruenberg, staying on as an important decider of which capital rules go into action. who are the most important people we should be watching? rodgin: the effort is being led by the federal reserve. they are going to want to get the other two government agencies, the prudential bank regulators, involved. the fbi see and the...
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May 23, 2024
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jamie dimon has dismissed the suggestions that the u.s. and china are on the collision course with trade and describing the relationship as a tense rivalry. we spoke to the jpmorgan chase boss in shanghai and asked if the growth opportunities were overweight >> the american and chinese relationship and trade relationships are far more important to me than the balance of the economy next year we'll get through the economy. that, to me, all of the nations -- we will have cycles they are usually not predictable. i don't spend time worrying about that we serve our clients in good times and bad. i have been coming here for 30 years now and it is a constant investment growing and serving your clients >> are china and the united states on a collision course over trade >> no, i think it is a tense rivalry. trade is always a thing between nations. that's not new if you look at the history i'm thrilled we talked about the rivalry. he talked about the cities there is no reason america and china have to come to a collision course the way you avoid tha
jamie dimon has dismissed the suggestions that the u.s. and china are on the collision course with trade and describing the relationship as a tense rivalry. we spoke to the jpmorgan chase boss in shanghai and asked if the growth opportunities were overweight >> the american and chinese relationship and trade relationships are far more important to me than the balance of the economy next year we'll get through the economy. that, to me, all of the nations -- we will have cycles they are...
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May 17, 2024
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jamie dimon told us the chances of things going on right are higher than people think -- going wrong are higher than people think. haidi: yes, being brought down to earth a little bit. not surprising after we had record high after record highs across an array of asset classes. an exuberant reaction to those cpi numbers. and annabelle: things are very elevated anyway because we saw the dow jones hitting the 40,000 mark. but let's turn to the open of japan, south korea, australia also. we are tracking the potential job warning, in response to what we are seeing in the yen, jgb yields as well, continuing to move higher and closer to the 1% mark. suzuki saying they are committed to achieving the fiscal consolidation goal. what else we are watching, it comes down to expectations around where the boj goes next. we have been hearing from you next to the my chief economist at the bank, saying that doj could raise rates as soon as june, maybe even space for rate hikes four 2024. today in the session, we are watching the japanese yen and also keeping an eye on equities, a little under pressure
jamie dimon told us the chances of things going on right are higher than people think -- going wrong are higher than people think. haidi: yes, being brought down to earth a little bit. not surprising after we had record high after record highs across an array of asset classes. an exuberant reaction to those cpi numbers. and annabelle: things are very elevated anyway because we saw the dow jones hitting the 40,000 mark. but let's turn to the open of japan, south korea, australia also. we are...
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May 24, 2024
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that's jamie dimon, dennis, that said that. >> don't argue with jamie dimon. cheryl: i don't. >> he's been very right for a long period of time. what bothers me is the fact we've had an inverted yield curve for almost two years, that's always indicative or presenting an economic downturn, recession of some consequence. we've had a number of indicators that in the past have always been preludes to recession and i have to be careful about that fact. i think we're going to be in a recession in the not too disdistantfuture. the fact the yield curve has been inverted as long as it has been has been a constant and important predicter of economic downturns, i think it will be lesser, not better. don't argue with jamie dimon. i think he's right. cheryl: that's why i think those words were so -- i mean, everyone on the street really took notice of that specific comment from him. >> yes. cheryl: luke, i want to go back to you on the middle class. we've been talking about inflation this morning. you're saying they're getting left behind, stock prices hit all time highs b
that's jamie dimon, dennis, that said that. >> don't argue with jamie dimon. cheryl: i don't. >> he's been very right for a long period of time. what bothers me is the fact we've had an inverted yield curve for almost two years, that's always indicative or presenting an economic downturn, recession of some consequence. we've had a number of indicators that in the past have always been preludes to recession and i have to be careful about that fact. i think we're going to be in a...
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May 21, 2024
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the quote is, the timetable is not five years anymore, said jamie dimon. i asked him about his expectations for a successor on this program back in january. watch this. you have led jp morgan masterfully, you really did, congratulations to you. you've got three, four more years on the contract. of course you think about succession. do you have in your head who you know who you would like to have as your successor, do you know? >> no. i think first of all, it's a board decision. but i think the board has in its mind five people that they would -- or six that they know are the ones that can do it, are very quality and we think about it like every day. maria: well, they've been talking about the two women, one running the consumer space, john. i don't know how soon this is happening. jamie didn't say. he usually don't go there and he went there yesterday. what do you think? >> whoever takes the place at jp morgan has some very big shoes. maria: big shoes. >> yeah. a lot will be expected of them. i want to add one thing. jp -- excuse me, jamie dimon made an in
the quote is, the timetable is not five years anymore, said jamie dimon. i asked him about his expectations for a successor on this program back in january. watch this. you have led jp morgan masterfully, you really did, congratulations to you. you've got three, four more years on the contract. of course you think about succession. do you have in your head who you know who you would like to have as your successor, do you know? >> no. i think first of all, it's a board decision. but i...
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May 23, 2024
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new hard landing warnings from jpmorgan ceo jamie dimon. goldman salomon see as goose egg when it comes to rate cuts, none. tapped out consumer, i'm curious, what is the leest price you remember paying for a big mac? tweet me @cvpayne, it is all a memory for most people these days. all that and so much more on "making money." ♪. ♪ to be loved, to be loved, oh what a feeling to be loved ♪ charles: to be loved, folks. i mean such a wonderful thing when love is in the air but when it comes to the stock market, you can be a couple problems. there are two that really stick out when the market is loved too much. a, there are limited number of buyers. if one is bought, everyone loves, what happens next? b, love is conditional, which means it must be reciprocated over and over again. retail investors, by the way, they're really starting to love this market a lot. remember how they got bearish about a month ago? bullishness exploded to 47%, well above the 37 1/2% historic average. so retail investors, they're feeling like hey, you got to love
new hard landing warnings from jpmorgan ceo jamie dimon. goldman salomon see as goose egg when it comes to rate cuts, none. tapped out consumer, i'm curious, what is the leest price you remember paying for a big mac? tweet me @cvpayne, it is all a memory for most people these days. all that and so much more on "making money." ♪. ♪ to be loved, to be loved, oh what a feeling to be loved ♪ charles: to be loved, folks. i mean such a wonderful thing when love is in the air but when...
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May 21, 2024
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>> jamie diamond and going at these -- jamie dimon and warren buffett on these hundreds of billions of cash and can't find a place to invest it and that can be a real confusing message for people at home. warren buffett has been negative on the markets for the last five decades and fully invested and worth over $100 billion personally investing at that time and anybody watching at home and shouldn't listen to headlines and time the market as well. people should be investing in the markets and he shows you that it's too high. stuart: that's your point. always be invested in the market. >> yes. stuart: trying to time it, just do it. >> the side piece is the mistake people make is they hear something like a jamie dimon and i'm not going to sell. if they do sell, it may correct 5%. 10% before it moves to more new highs and going today and you see a lot of individual investors and no time or try it. stuart: earnings report and the department store and one of the performances of the consumer. >> the consumer and the earnings number and the consumer is out there and spending money and the con
>> jamie diamond and going at these -- jamie dimon and warren buffett on these hundreds of billions of cash and can't find a place to invest it and that can be a real confusing message for people at home. warren buffett has been negative on the markets for the last five decades and fully invested and worth over $100 billion personally investing at that time and anybody watching at home and shouldn't listen to headlines and time the market as well. people should be investing in the markets...
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May 30, 2024
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david: we asked him about that question and he said -- he was careful to say, listen to jamie dimon, it's always interesting, but he pointed out that jamie dimon is moving into private credit, but also that he has a point, so many are rushing in, it may cause some people come he's not one of them, to be reckless in underwriting. katie: you have to wonder if there are enough deployment opportunities out there. it's interesting, you think about the parish rallying cries around private credit, a lot of that has to do with the massive refinancing ball that we keep hearing about, but we haven't really seen it yet. david: we talked about that. six months ago he said it was coming and it was around the corner. i asked why it hasn't happened. he said in part because of growth. he also said because some of the borrowing costs have come down, there haven't been so many m&a deals or demand for the credit with so much crashing into private credit, there is more supply than demand at the moment. katie: an interesting juncture. who else is coming up? david: neil ferguson of the hoover institution,
david: we asked him about that question and he said -- he was careful to say, listen to jamie dimon, it's always interesting, but he pointed out that jamie dimon is moving into private credit, but also that he has a point, so many are rushing in, it may cause some people come he's not one of them, to be reckless in underwriting. katie: you have to wonder if there are enough deployment opportunities out there. it's interesting, you think about the parish rallying cries around private credit, a...
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May 23, 2024
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so if i'm the fed, i'm worried about jamie dimon's comments more on the growth side. but i'm surprised they haven't changed the dialogue it's not next month's cpi or the month after that i looked at five-year inflation forwards they're lower than they were from 2008 to 2018. there's no inflation fear in the market we have a shock because inflation broke through a range. we're not used to prices going up, but the fed has to calibrate rates to make sure that growth doesn't plummet. >> the expected annual inflation starting five years from today so kind of like the longer -- not long-term but -- >> you get the energy prices or short-term dynamics that says according to the market, inflation will be 2.6% that's a good outcome in terms of where we are. so if i'm the fed -- >> do you think that's acceptable to them >> i do. if you look at 15 years of data, they've had lower rates every time inflation was here. so i don't think it's enough for them to say they're fighting inflation, and they're not going to calibrate this was the right fed funds rate when inflation was going
so if i'm the fed, i'm worried about jamie dimon's comments more on the growth side. but i'm surprised they haven't changed the dialogue it's not next month's cpi or the month after that i looked at five-year inflation forwards they're lower than they were from 2008 to 2018. there's no inflation fear in the market we have a shock because inflation broke through a range. we're not used to prices going up, but the fed has to calibrate rates to make sure that growth doesn't plummet. >> the...
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May 25, 2024
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i want to focus on those comments from jamie dimon. he has not been this bearish on the market until those comments were made. ing your reaction. >> well, i think jamie has done a very good job for the last couple years of pointing out various tail risks meaning extreme things could happen that they always want to prepare for. one doesn't have to look any if further than how jpmorgan is deploying capital to see that they don't believe it's the most likely scenario, that we're going to have a hard a landing. their being -- they're being very opportune u.s.ic. their own allocate models are still invested 60% in equity, so i think preparing for certain things at any point that could go wrong is always prudent x. yet the sort of baseline expectations right now has still been reasonably solid is. cheryl: but the question still remains if we're going to get a rate cut this year. and you've now got some saying that they predict a rate hike which is the complete opposite of where we started 2024. and then you add to that the worries with that
i want to focus on those comments from jamie dimon. he has not been this bearish on the market until those comments were made. ing your reaction. >> well, i think jamie has done a very good job for the last couple years of pointing out various tail risks meaning extreme things could happen that they always want to prepare for. one doesn't have to look any if further than how jpmorgan is deploying capital to see that they don't believe it's the most likely scenario, that we're going to...
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May 15, 2024
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. >>> speaking to our sister channel, "sky news," jpmorgan chase's jamie dimon says the u.s. economy needs to be cogny zablt of borrowing its way to growth. i want to high light. that's just what i was speaking to steven about, that the u.s. government is spending far more than it has in the past, which is keeping inflation a little bit higher. so if we go back to literally what jamie dimon is also making note of then here, he's saying that the u.s. economy needs to be cognizant of borrowing its way into growth. here's what he had to say. >> america has spent a lot of money. during covid and after covid and our deficit is f% now, that's a lot, but obviously that drives growth. so any country can borrow money and drive growth but it's not always good growth. we have to focus on our deficit issue as little more. that did drive growth. >> is that a big warning? do you think there's a comeuppance to come in the next couple of years? >> i don't think it's a big comeuppance. i don't think it's the next couple of years, but that's why we have higher inflation and sticky inflation. i
. >>> speaking to our sister channel, "sky news," jpmorgan chase's jamie dimon says the u.s. economy needs to be cogny zablt of borrowing its way to growth. i want to high light. that's just what i was speaking to steven about, that the u.s. government is spending far more than it has in the past, which is keeping inflation a little bit higher. so if we go back to literally what jamie dimon is also making note of then here, he's saying that the u.s. economy needs to be...
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May 21, 2024
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runs counter to what my colleague said about jamie dimon's thoughts on buyback. part of lam research commitment to return roughly 75 to 100% of annual free cash flow, back to investors. something they promised in the past. the stock has been trading in this low range, $900 range after pulling back from near $1,000 levels in march and early april. you can see trading 960 right now. investors will be looking to see if the stock split and buyback can get shares closer or above that $1,000 mark. but the stock split won't do anything for market cap. we know that in terms of math. could invite more to participate. earnings will play a role to lam stock direction if nvidia's demand remains strong with major uptick in guidance. expect a lot of semicap makers to also rise. you need that equipment to make the chips. >> thank you. victoria, what's your call on lam? >> it's a buy. i went from 150 million share to 10 billion. who doesn't love that. they manufacture semiconductor manufacturing equipment. so their actually getting a huge lift. they're micron, intel, taiwan semi
runs counter to what my colleague said about jamie dimon's thoughts on buyback. part of lam research commitment to return roughly 75 to 100% of annual free cash flow, back to investors. something they promised in the past. the stock has been trading in this low range, $900 range after pulling back from near $1,000 levels in march and early april. you can see trading 960 right now. investors will be looking to see if the stock split and buyback can get shares closer or above that $1,000 mark....
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May 17, 2024
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jamie dimon was nodding to the fact that maybe trump was not that bad after all. a stunning reversal of what he said after january 6. i was at the conference in new york and they told the story about post- charlottesville he was on a board that trump convened. one of his daughters wrote a letter saying we need to cut ties with this guy. his family was on that and another daughter said, ditto. i don't dispute that the head of the world's biggest bank has to acknowledge that you will be head of that bank regardless who is president, but i think it is remarkable how there was this lack of equivocating that happened that has dissipated. i don't expect the biden administration to come out and embrace wall street wholeheartedly. as you pointed out, the market has all but done that. you have the dow hitting 40,000 today. you have inflation going down. all of this is going quite right for those in business, so there is a cynicism about the economy and the state of markets that i think is ignored. looking for if not to contrast, an alternative. >> how about the false narra
jamie dimon was nodding to the fact that maybe trump was not that bad after all. a stunning reversal of what he said after january 6. i was at the conference in new york and they told the story about post- charlottesville he was on a board that trump convened. one of his daughters wrote a letter saying we need to cut ties with this guy. his family was on that and another daughter said, ditto. i don't dispute that the head of the world's biggest bank has to acknowledge that you will be head of...
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May 29, 2024
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jamie dimon saying 6% not so farfetched. we'll discuss. if there's one bright spot it continues to be mega cap tech, nvidia's surge unbelievable. it continues today, almost $1,150 a share. then there's apple higher again as well. amazon is too. that's a big part of this market story. it does take us to our talk of the tape. the battle between rates and tech. one keeping the s&p on edge. the other keeping investors buying in, so which will decide the fate of this rally. let's ask new york life's chief market strategist lauren good win, and invesco's global market strategist brian levitt here with me at post 9. nice to see both of you. lauren, that's what this is about, right? rates backing up. i said the two-year is near 5%, and the stock market doesn't like it, the dow's down about 400. >> we're seeing a little bit of movement with respect to rates. i think this is just the calm before the storm. we're about to set up for a lot of economic data that will skew the investor perspective in one direction or the other. we're getting inflation d
jamie dimon saying 6% not so farfetched. we'll discuss. if there's one bright spot it continues to be mega cap tech, nvidia's surge unbelievable. it continues today, almost $1,150 a share. then there's apple higher again as well. amazon is too. that's a big part of this market story. it does take us to our talk of the tape. the battle between rates and tech. one keeping the s&p on edge. the other keeping investors buying in, so which will decide the fate of this rally. let's ask new york...
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May 1, 2024
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tt2 comment you are referring to him at the jamie dimon letter to investors and underneath that, you referenced, he was also saying that look, rates could also be much lower than we thought, so i think that diamond's point there was we are facing this fantastic uncertainty and more than we are recently when it comes to monetary policy. so could we be at 8%? sure, but it is very unlikely. if we get to a place where we are at 8% it is suggesting not only that we have failed to control inflation, but also that the labour market continues to be very tight, so it is notjust continues to be very tight, so it is not just a continues to be very tight, so it is notjust a bad story, but also that the labour market is strong enough to withstand that hike, but right now i don't think anyone expects that soon. �* now i don't think anyone expects that soon-— now i don't think anyone expects that soon. �* . ., . ., that soon. and we are in an election ear and that soon. and we are in an election year and that _ that soon. and we are in an election year and that is _ that soon. and we are in a
tt2 comment you are referring to him at the jamie dimon letter to investors and underneath that, you referenced, he was also saying that look, rates could also be much lower than we thought, so i think that diamond's point there was we are facing this fantastic uncertainty and more than we are recently when it comes to monetary policy. so could we be at 8%? sure, but it is very unlikely. if we get to a place where we are at 8% it is suggesting not only that we have failed to control inflation,...
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May 16, 2024
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katie: that was jp morgan ceo jamie dimon with francine lacqua. coming up we have seema shah. that doesn't from bloomberg markets. i am katie greifeld in this is bloomberg. ♪ from the heart of where technology and finance combined this is bloomberg technology with caroline hyde and ed ludlow.
katie: that was jp morgan ceo jamie dimon with francine lacqua. coming up we have seema shah. that doesn't from bloomberg markets. i am katie greifeld in this is bloomberg. ♪ from the heart of where technology and finance combined this is bloomberg technology with caroline hyde and ed ludlow.
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May 16, 2024
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morgan jamie dimon is going to be speaking to us. also speaking to economists on that print and fed expectations. j.p. morgan, much conviction they have in that view and interest as well. the head of global commodity strategy. no doubt a conversation with what's happening with copper with the short spree happening in the u.s. and whether or not that has momentum. jeff telling us yesterday that he sees 15,000 on copper. iron ore also up in session. the c.e.o. of easy jet is coming up on markets today. 7:45 london time. markets today coming up next. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, a
morgan jamie dimon is going to be speaking to us. also speaking to economists on that print and fed expectations. j.p. morgan, much conviction they have in that view and interest as well. the head of global commodity strategy. no doubt a conversation with what's happening with copper with the short spree happening in the u.s. and whether or not that has momentum. jeff telling us yesterday that he sees 15,000 on copper. iron ore also up in session. the c.e.o. of easy jet is coming up on markets...
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May 20, 2024
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highlighting jp morgan at the moment, shares are under pressure as we heard from jamie dimon, talking about it with sonali basak, some to claim -- declines after they discussed how expensive it would be to buy back stock, saying he wouldn't buy back a lot at these prices on the suggestion that there would be less demand for buybacks. meanwhile, sticking with the stock market more broadly and some news turning to breaking news from the new york times, ivan bo ski has died. he inspired the gordon gekko character, making a lot of money from insider trading, he went to prison for his crimes. he was 87. 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. and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight
highlighting jp morgan at the moment, shares are under pressure as we heard from jamie dimon, talking about it with sonali basak, some to claim -- declines after they discussed how expensive it would be to buy back stock, saying he wouldn't buy back a lot at these prices on the suggestion that there would be less demand for buybacks. meanwhile, sticking with the stock market more broadly and some news turning to breaking news from the new york times, ivan bo ski has died. he inspired the gordon...
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jamie dimon would talk about it. meanwhile, they would invest aggressively in the future. r&d spend, new innovation, whether they could scale this new innovation or not. that's the approach you could assess companies these days. tom: a couple of big name stand out from this report. i will zoom in on brodrick's unexpectedly. of course tesla, top of the list for you. interesting in terms of the ev space. on some levels, not surprising. cutting prices, challenging the china market. stock is down 30% year today. how sustainable is the leadership at tesla and their ability to continue to invest at this level on things like r&d? >> or observation is spot on. for the last few years it is just unparalleled. this year for the first time is the bandage is almost completely eroded, except for ai. what we are seeing in the report is byd and other car players in terms of the relative score they really have improved dramatically this year. meaning the top has been crowded out. the biggest implication is the smaller player, the lower on our ranking they become increasingly vulnerable. af
jamie dimon would talk about it. meanwhile, they would invest aggressively in the future. r&d spend, new innovation, whether they could scale this new innovation or not. that's the approach you could assess companies these days. tom: a couple of big name stand out from this report. i will zoom in on brodrick's unexpectedly. of course tesla, top of the list for you. interesting in terms of the ev space. on some levels, not surprising. cutting prices, challenging the china market. stock is...
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May 20, 2024
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jamie dimon always gives us something to talk about. what do you think about that, cautiously pessimistic the stock, there's nothing to be pessimistic about. >> jamie manages things well, and he will say things are okay and not great, but when you look at the earnings for jpmorgan, they perform and perform better than what people expect. you have to say what he says with a grain of salt, and he's saying it's not all champagne and roses, and if you can do how they do, i want to own the stock. >> what if you believe every word he says and you think maybe a soft landing is a forgone conclusion, and inflation could be much higher for much longer than people think, you know, and transition away from qe and qt will have a more dramatic impact than up to this point. goldman is up 38 these are percentage gains bank of america, 31. wells, 41. citigroup, 41. is he telling us to lighten up our positions in these kinds of stocks >> well, if you were a trader, i think you could. no question about it i think you have an environment where certain thin
jamie dimon always gives us something to talk about. what do you think about that, cautiously pessimistic the stock, there's nothing to be pessimistic about. >> jamie manages things well, and he will say things are okay and not great, but when you look at the earnings for jpmorgan, they perform and perform better than what people expect. you have to say what he says with a grain of salt, and he's saying it's not all champagne and roses, and if you can do how they do, i want to own the...
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morgan one of the big lag hits of the session knowing that we heard jamie dimon no buybacks but a drop in the stock. equities trading at their year high and nvidia numbers. can we see that momentum around tech, around a.i. extending? that's the big question facing officials. officials reiterating the case for the need for keeping rates higher. here you see j.p. morgan at 4.50%. 4.50%. we'll have more on "daybreak: people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. haidi: renewed focus on power systems in the middle east after the death of the president of iran. to paraphrase someone else he's spoken to, you want to know who you're up against. i guess that's interesting. do you think either of these potential leadership shifts also portend to changes in policy or positioning at all? >> no, listen, i think con
morgan one of the big lag hits of the session knowing that we heard jamie dimon no buybacks but a drop in the stock. equities trading at their year high and nvidia numbers. can we see that momentum around tech, around a.i. extending? that's the big question facing officials. officials reiterating the case for the need for keeping rates higher. here you see j.p. morgan at 4.50%. 4.50%. we'll have more on "daybreak: people couldn't see my potential. so i had to show them. i've run this place...
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May 29, 2024
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>>> >> jamie dimon is speaking at the strategic decisions conference and that conversation is ongoing. wanted to give you some headlines because he was asked to clarify his comments that he made last week at the firm's investor day, where he said his timeline to step down as ceo is not five years anymore. today he said, quote, it is totally up to the board, so you can ask me all you want, but the timetable is less than five years. he said that could be four, that could be three, three and a half, it could be two and a half. it's up to the board. but it does sound like it is less than five years. he did say, though, that there may be a term where he serves as chairman for a while, but that is totally up to the board. he talked about how the board has studied multiple successful and failed successions and he says there's no magic formula, but the quality and character and content of the people is probably the one thing that matters the most, and so he believes that it's important that people do the right thing when the time comes, and he doesn't have to hang on to the ceo and chairman r
>>> >> jamie dimon is speaking at the strategic decisions conference and that conversation is ongoing. wanted to give you some headlines because he was asked to clarify his comments that he made last week at the firm's investor day, where he said his timeline to step down as ceo is not five years anymore. today he said, quote, it is totally up to the board, so you can ask me all you want, but the timetable is less than five years. he said that could be four, that could be three,...
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neil: jamie dimon worries about the happy talk and others say be careful, one of the wyers talking about, civil wars a good possibility in this country. they are putting out i call the mornings or may be they like playing debbie downers to say this ain't real. do you think this is real? >> it looks real to me. if you are in a position of jamie dimon, lending your support for jobs, to think about what could possibly go wrong, what could possibly trip up the very positive environment we've been in for a why all because certainly if you look back over the decades there have been moments when things have happened from an unexpected angle causing quite a significant hiccup if not setback for the markets on a number of occasions. we know what they are. that is kind of for their job to do that. i also think to the degree that that is effective, a lot of people in the financial media who go on financial media networks managing money or prognosticating, that has helped to fuel the rally because clearly what has been going, if you were to go back to the end of april after we had a little bit of a
neil: jamie dimon worries about the happy talk and others say be careful, one of the wyers talking about, civil wars a good possibility in this country. they are putting out i call the mornings or may be they like playing debbie downers to say this ain't real. do you think this is real? >> it looks real to me. if you are in a position of jamie dimon, lending your support for jobs, to think about what could possibly go wrong, what could possibly trip up the very positive environment we've...
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sonali: that was jp morgan ceo jamie dimon speaking with our own francine lacqua. coming up next, we are going to speak to citigroup's harold butler to discuss his outlook for the banking sector especially when it comes to underrepresented communities. we'll talk about that in this higher interest rate of are meant. this is bloomberg. ♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. sonali: this is bloomberg markets. we are looking at copper prices because they have been rising for months and we are seeing the spike that is rocking metals markets worldwide. we are going to discuss what is going on with bloomberg markets commodities strategist. what does it look like under the hood? >> it looks like it is cash. we have
sonali: that was jp morgan ceo jamie dimon speaking with our own francine lacqua. coming up next, we are going to speak to citigroup's harold butler to discuss his outlook for the banking sector especially when it comes to underrepresented communities. we'll talk about that in this higher interest rate of are meant. this is bloomberg. ♪ ♪♪ sandals jamaica sale is now on! with rates from $199 per person per night. visit sandals.com or call 1-800-sandals (traffic noises) (♪♪) the road...
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May 20, 2024
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any time ray dalio and jamie dimon are concerned, i'm concerned. when you look through history, i've been concerned in the past too. i was concerned in 2008, i was concerned in 2016 with brexit, i was concerned when the global economy shut down in 2020. we've been having this conversation quite often. in those periods we have the ability to buy treasuries. that was the safe trade. now we're talking about treasury is the instrument that becomes the bubble. i think when you look at the investment thesis around it, you have to think about the emerging economy, back in the late '90s we had the start of technology and that bubble busker t. burst. we went to a financial engineering economy. that went away. travel and leisure went away in 2020. now we're in a digital economy. you have to separate the economy from what's going on with the deficits and everything. if i would have told you in 2020 that the deficit would balloon to 34 trillion and the cost of the debt went from 1% to 5, i don't think you would find too many people that would believe that the
any time ray dalio and jamie dimon are concerned, i'm concerned. when you look through history, i've been concerned in the past too. i was concerned in 2008, i was concerned in 2016 with brexit, i was concerned when the global economy shut down in 2020. we've been having this conversation quite often. in those periods we have the ability to buy treasuries. that was the safe trade. now we're talking about treasury is the instrument that becomes the bubble. i think when you look at the investment...
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May 29, 2024
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it could because for alarm and that is what jamie dimon is talking about. katie: i only have one minute left here but something you touched on when it comes to private credit, is there enough opportunity out there to deploy all of this money? >> historically when we think about investments across asset classes, which they discussed in the earnings call, thinking about this idea of 50% in public equities, 20% in alternatives, all of the growth you have seen in the alternative space has been from that 20% bucket. what it looks like, with fewer and fewer public companies out there, there definitely is a sense out there that the asset class will continue to grow. yes there will be more investors jumping into the space. jumping into what feels like a growing market, so the sentiment right now is that there is money to be made. katie: so, the sentiment is there. always great to speak with you. that doesn't work "bloomberg surveillance." this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power." live from washington,
it could because for alarm and that is what jamie dimon is talking about. katie: i only have one minute left here but something you touched on when it comes to private credit, is there enough opportunity out there to deploy all of this money? >> historically when we think about investments across asset classes, which they discussed in the earnings call, thinking about this idea of 50% in public equities, 20% in alternatives, all of the growth you have seen in the alternative space has...
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jamie dimon said what is it like if we have 5 or 6% rates? the last time that the fed signaled they would raise rates and they weren't signaling 5%, how many hikes? we were thinking 3% oral someth or something like that. i think we have reached a silly place here as far as just enthusiasm about what is, obviously, a huge, huge secular shift. guy mentioned this. there is cyclicality that comes into play. when things go lower, there is no price that makes it look like a great level to buy. not on valuation, anything like that. that's my little warning. but, whatever. >> if you put dpif -- put the pieces together here tonight. that is a potential slowdown in the a.i. spend in the out years and then couple that with where rates are now. if they are here or higher, that really puts a dent into the companies and sectors that need to refinance, commercial real estate or corporate debt holders. you were talking about walgreens and how they are leveraged up the wazoo. it's an issue now as we can see in the stock. >> 3.9 times. karen thinks it's higher
jamie dimon said what is it like if we have 5 or 6% rates? the last time that the fed signaled they would raise rates and they weren't signaling 5%, how many hikes? we were thinking 3% oral someth or something like that. i think we have reached a silly place here as far as just enthusiasm about what is, obviously, a huge, huge secular shift. guy mentioned this. there is cyclicality that comes into play. when things go lower, there is no price that makes it look like a great level to buy. not on...
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jamie dimon and ray dalio saying the government's got to do something about this. you've talked about this before. what's the worst case outcome if nothing is done? >> well, the worst case outcome, charles, is that that first chart gets a lot further in the red, in other words, people's paychecks are going to continue to grow in nominal terms, but they're going to buy significantly less and less as the dollar continues to be devalued in order to pay for all of this runaway government spending. i mean, this has been a problem for quite some time now. we talked about this well over a year ago, how not just the debt and deficit are ballooning, but even just the cost to service the debt, the interest is well over a trillion dollars a year now. so while these folks are certainly late to the party, people like jamie dimon, i suppose it's nice for them the finally come around to the truth. charles: yeah, it really is. i mean, you know, at some point -- they do have an audience out there, and someone's got to pay attention at some point. you know, the argument is that we'v
jamie dimon and ray dalio saying the government's got to do something about this. you've talked about this before. what's the worst case outcome if nothing is done? >> well, the worst case outcome, charles, is that that first chart gets a lot further in the red, in other words, people's paychecks are going to continue to grow in nominal terms, but they're going to buy significantly less and less as the dollar continues to be devalued in order to pay for all of this runaway government...
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he is celebrate in the stock market gains but jamie dimon still says he is worried about the future of inflation, listen. >> i'm more worried about it paired we've had very big fiscal deficits and i think the underlying inflation may not go the way people expect it to. whatever the world is pricing for a soft landing, i think the chance of something going wrong is after stomach higher than people think. >> sandra: are you worried, dan, as the stock market keeps going up and that puts more money and some people's wallets that they will keep spending on these prices will never come down? >> two quick answers. first, i think steve is exactly right. a rising stock prices good for all americans for any number of different reasons. pension plans, 401(k)s, et cetera to the comments jamie dimon just made there's a lot of us on wall street that have lamented the growing size of fiscal deficits and some of the larger problems that jamie has articulated for some time now and most of wall street chairs but to tie it altogether the average american is dealing with the grocery price in the poll you
he is celebrate in the stock market gains but jamie dimon still says he is worried about the future of inflation, listen. >> i'm more worried about it paired we've had very big fiscal deficits and i think the underlying inflation may not go the way people expect it to. whatever the world is pricing for a soft landing, i think the chance of something going wrong is after stomach higher than people think. >> sandra: are you worried, dan, as the stock market keeps going up and that...
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May 21, 2024
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jp morgan, the ceo jamie dimon, we are not going to buy back a lot of stock at these prices. that was the standout for me. this view on the price of his own stock. lisa: you are not alone, pretty much more people in the market care about that then succession. the dip in the stock rice was given where buyback was an valuations. jonathan: we will throw that one to max from hsbc. scores this morning, just about unchanged, going nowhere. the bond market, 10 year for tooth seven. coming up, we will catch up with max kantner of hsbc. stephen cook, from cfr, on the death of the iranian is it, and the former fed economist on the overload of speak. the nasdaq 100 hitting another record high as esters double down on nvidia tomorrow. max writes, "we think the rally has further legs with positioning that's not sending a warning signal and the risk of fed hikes has been taken off the table." i'm pleased to say that max points us with more. let's get bearish for you. tell me why marco is wrong. what you say back to that? max: valuations are not a great tool for tactical views, right? just
jp morgan, the ceo jamie dimon, we are not going to buy back a lot of stock at these prices. that was the standout for me. this view on the price of his own stock. lisa: you are not alone, pretty much more people in the market care about that then succession. the dip in the stock rice was given where buyback was an valuations. jonathan: we will throw that one to max from hsbc. scores this morning, just about unchanged, going nowhere. the bond market, 10 year for tooth seven. coming up, we will...
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>>> jamie dimon held court yesterday. the 68-year-old ceo indicated he is moving closer to retirement. here is what else he had to say about being asked about the back's succession plans. >> i have the energy that i've always had. that's important. i think when i can't put the jersey on and give it the full thing, i should leave basically. the board, it's up to them if i'll stay as chairman for a while. we'll see. we're on the way. we're moving people around. all the analysts in the room ask that question, is there good potential succession. you can evaluate the people you see as leaders yourself. i think most of you would say, yeah, there are actually really great potential ceos here and stuff like that. the timetable, it's not five years anymore. >> he says succession, jim, quote, is well on its way. >> people were concerned about the buyback, that he's not going to buy stock here. but as he was speaking the stock turned into a free fall. that's why the dow was down. this is a man no one wants to retire which is actuall
>>> jamie dimon held court yesterday. the 68-year-old ceo indicated he is moving closer to retirement. here is what else he had to say about being asked about the back's succession plans. >> i have the energy that i've always had. that's important. i think when i can't put the jersey on and give it the full thing, i should leave basically. the board, it's up to them if i'll stay as chairman for a while. we'll see. we're on the way. we're moving people around. all the analysts in...
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May 20, 2024
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obviously, jamie dimon is a much much loved ceo by investors, and i think that as long as he's there, people want own the stock. >> of course, jpmorgan, goldman, and they've been putting in high after high the last couple of weeks >> let's pay attention to wells fargo. we have morgan stanley but this is charlie sharp and charlie is getting -- he's picking up all of these different 55 and 65-year-old guys that didn't become ceo at he's banks and it's amazing, one of the things that you learn, you have to retire at a certain point because you're going to lose all of the people 53 to 57 they recognize that they don't have enough time to be a tenured ceo, so now i think that charlie sharp, he's worked at jpmorgan, but visa, all right, i'll take it he's why let building up a real investment powerhouse. watch charlie. i think he's got it. he's got momentum behind him that were not his fault. >> right >> all new board, all new team confident, share buyback remarkable man, by the way >> you're talking about a real evolution in the mortgage business now a thing of the past >> yeah, i think tha
obviously, jamie dimon is a much much loved ceo by investors, and i think that as long as he's there, people want own the stock. >> of course, jpmorgan, goldman, and they've been putting in high after high the last couple of weeks >> let's pay attention to wells fargo. we have morgan stanley but this is charlie sharp and charlie is getting -- he's picking up all of these different 55 and 65-year-old guys that didn't become ceo at he's banks and it's amazing, one of the things that...
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May 23, 2024
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jamie dimon says he can't rule out a hard landing for the united states. >>
jamie dimon says he can't rule out a hard landing for the united states. >>
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May 23, 2024
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jamie dimon says he can't rule out a hard landing for the united states. >>> and the doj reportedly set to file an antitrust lawsuit against ticketmaster parent livenation as early as today >>> let's begin with nvidia's blowout quarter. the company revenue more than tripled in q1, and its datacenter business grew by more than 400% over a year earlier sending shares above $1,000 for the first time here's jensen huang on the call last night >> the demand for gpus and all the datacenters is incredible. we're racing every single day, and the reason for that is because applications like chatgpt and gpt 4-o and now it's going to be multimodality and gemini and its ramp and anthropic, you know, all of the work that's being done at all the csps are consuming every gpu that's out there >> jim, a lot of the commentary today says any worries about an air pocket probably get assuaged today. >> yeah, look, there was a lot of teaching on the call last night. jensen came in right after colette kress, the amazing ceo usually he comes in later, but he wanted to explain to people about the industrial rev
jamie dimon says he can't rule out a hard landing for the united states. >>> and the doj reportedly set to file an antitrust lawsuit against ticketmaster parent livenation as early as today >>> let's begin with nvidia's blowout quarter. the company revenue more than tripled in q1, and its datacenter business grew by more than 400% over a year earlier sending shares above $1,000 for the first time here's jensen huang on the call last night >> the demand for gpus and all...
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May 15, 2024
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jamie dimon calls on the u.s. to get its fiscal house in order. >>> plus the intensifying a.i. race. google is rolling out its most powerful a.i. assistant yet. >>> and a bipartisan senate group out with a new report on how best to regulate the technology. >>> sara eisen is live from jerusalem, speaking one-on-one with israeli prime minister benjamin netanyahu. >>> let's get to the cpi print. as we pointed out, 3.6% core year on year, jim. more than half is gasoline and shelter. >> it's only going to get better. gasoline, obviously, oil's come down. iea with some reports saying it's not -- shouldn't even be at this level. food, we're starting to see some things in food that indicate that things are getting better. i mean, for instance, one of the things they said that was bad was cereal, but as we know, david, i told you that kellogg's says there's too much cereal. we're going to see buy one, get one. the things that people are being hurt by, except for shelter and insurance, are going down. did you see the refiners? collapsing. >> yeah. all right. copper keeps going up. >> in
jamie dimon calls on the u.s. to get its fiscal house in order. >>> plus the intensifying a.i. race. google is rolling out its most powerful a.i. assistant yet. >>> and a bipartisan senate group out with a new report on how best to regulate the technology. >>> sara eisen is live from jerusalem, speaking one-on-one with israeli prime minister benjamin netanyahu. >>> let's get to the cpi print. as we pointed out, 3.6% core year on year, jim. more than half is...
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jonathan: jamie dimon sounded like you speaking to francine lacqua. there are a lot of inflationary forces in front of us, he said. he gave a list of reasons that you have given us before. the green economy, remilitarization, infrastructure spending, trade disputes, large fiscal deficits, what is the federal reserve fighting? mohamed: jamie and i have been on the same wavelength for a while. thank you for saying that. this is a reactive fed, a data-dependent and. when jamie and others list the things going forward that are inflationary in nature, that is not something that the fed talks about. they talk about the latest set of data. we will continue to have a reactive fed because they lost self-confidence in 2021 when they tried to be strategic and got the call horribly wrong. what is the safest thing to do? become data-dependent. jonathan: no strategic outcome which is what you've talked about repeatedly and high percentage from data point data point. what does that mean for financial markets? lots of volatility trending higher? mohamed: yes, as long
jonathan: jamie dimon sounded like you speaking to francine lacqua. there are a lot of inflationary forces in front of us, he said. he gave a list of reasons that you have given us before. the green economy, remilitarization, infrastructure spending, trade disputes, large fiscal deficits, what is the federal reserve fighting? mohamed: jamie and i have been on the same wavelength for a while. thank you for saying that. this is a reactive fed, a data-dependent and. when jamie and others list the...