jp morgan in one month. interesting the profit outlook has not changed, despite the incredible rally in stocks. what gives? well give? hilary: credit quality. 30% rate credit cards. i'm seeing the money sloshing. people are able to get $40,000 of credit, and they are spending it. there's a sense of irresponsibility out there. that will be an issue. financials themselves, banks will have a problem. we've had $10 billion of ipo's instead of $100 billion. there have been cross-border transactions instead of m&a. brokerage firms will do well. jp morgan is careful. they will define. the more regional banks that don't have the excess pillow, the ability to withstand cracks to credit, they could come down. we've been starting to selloff some of our banks. we loved busy. we unloaded it. they got ahead of themselves. fulton financial, the small jp morgan. shery ahn: that was after march? hilary: just recently. the financials have started to rally way too much too fast. we have companies out there like evercore, lazar

kailey: what about jp morgan. today it was a tough year for almost every bank not named. this was primarily because they were able to buy first republic. is everybody else going to play catch-up with jp morgan? sridhar: it is not a wrong headline. jp morgan is up 25 percent this year, bank of america is up 2%. the big goals there is also what happened with bank of america is that they've missed out on excess profit because of how their portfolio got impacted. jp morgan was not handicapped by that. it was able to capitalize on the looming crisis in march. it got further diminished into this california banking crisis, but jp morgan was again able to benefit and able to skip out first republic. it comes out stronger than before. you have jp morgan that is on track to post 50 billion dollars in adjusted traffic for the year. just to give you a sense of what that, goldman sachs's entire revenue is expected to be 46 billion. kailey: that would be the biggest annual profit in the history of american banking. paul: do you

morgan.et's discuss this with hermann chan. what is the most concerning thing about this process where you don't see the republican and democrats getting along on much. >> the issue is that the fbi see -- fdic helped usher in the sales of first republic and there was a $13 billion loss for that sale. we have to remember that the fdi is trying toc to create a least cost scenario. . they thought the $13 billion loss was the best possible solution for that sale. there were potentially other bidders. we heard from sources that things like pnc and other regional were bidding which could have been potentially better suitors to lessen the systemic risk that jp morgan was able to create. jon: do we have to factor in the time? we were trying to determine what was going to happen. in this letter, there is talk about the spread on what ultimately the deal price ended up being. in real time, when there is worry in the air, do you have to factor that in as well? >> that's a concern that the fdic probably

sonali: i want to listen to what jp morgan had to say. strong wages and higher artistic patient should keep the soft lending narrative alive. what do you think about the 10 year at this point? what are the buying entry points? >> i think what we are trying to do is rationalize where we've come from in terms of the rate spectrum. low rates from 2022 are no longer. we look to next year and we see an evolving landscape, one where rates not only produce income but also produce potential safety and capital appreciation as we get into a landing which is something a little bit harder than a soft lending but not a deep recession. that's where bonds moving further out in the curve into short-term and in the mid part of the curve, make a little bit more sense. this range we are seeing across the curve is more palatable for investors especially those who potentially see volatility emanating from a weakness in the broader economy. that's the outlook for 2024 from a pimco point of view. sonali: how do you feel about duration? do you think it can still

when we look at it at jp morgan, where we have applied ai, we can see 30% efficiency gains.hat go to 50%? the story will be one that continues to be where the market is looking at the overall potential going forward, rather than these regulatory risks that are going to be difficult to address. lizzy: we were listening to your boss earlier in washington. we have seen this massive rush into crypto. does the systematic adoption of crypto products legitimize cryptocurrency that your boss just said he would close down if he could? joyce: i still think it's really early to say it's been a systematic adoption. it's been a very small part of the market. it has rallied quite a lot. everybody looks at the history of what had happened with crypto and there is still skepticism. you are far from having this institutionalized right now. but overall, everyone is looking at it and saying, in an atmosphere where the rally could continue into the first quarter of the year, where is this going to settle right now? i don't see a lot of the institutional demand. we are still far from saying this

air france, jp morgan today on air france klm. the reason is the capacity coming into the markets, they see operating that will become more difficult from a macro point of view. air france, klm down by 3.1 six which is interesting because that's the opposite message we are getting today which has had a tough time but is now basically signaling around the holidays that things could look better. kailey: a much stronger forecast than was anticipated. when you think about stocks more broadly though it seems like it is a tech driven story in the u.s.. the nasdaq 100 up at the moment and really leading the charge is alphabet after the launch of gemini. analysts seem really excited about it and investors seem excited. the stock is heading for its best day since back in july. other asset classes just take note. wti remained south of $70 a barrel. up by about 7/10 of 1% on the day. it is rebounding ever so slightly from the five-month low. in the bond market we got the 10 year yield up by roughly four basis points. of course that really wa

of course, we are talking about jamie dimon, jp morgan.p morgan? are they invincible? everybody has a little bit of a risk. >> this year has been a great year, led by jamie dimon. they will put out some strong numbers this year and it has been a flight to safety for many investors. earlier in the year, we remembered what happened with the signature failures and then in may. investors were quite shaken by those events and as a result, they went into safety with jp morgan. that has started a changeover. the last four to five weeks, they have taken presidents over risk off. but now you are seeing some of the other banks that people were more nervous about. bank of america with their unrealized bond losses does not seem to be as much of an issue today. lisa: you shared with us a lineup of names of banks that he would one to invest in or own. jp morgan is not on that list. >> what we suggest for 2024, we want to go risk on, and if there is an investor that is still concerned about the u.s. economy or concerns about the banking system, certainly

my colleague aaron heslehurst has been talking to jp morgan's chief economist and asked him whether consumeruld tip the balance towards growth next year. since the pandemic, us consumers have increased spending in real terms by 10%. the euro consumer has increased spending 0%. the uk consumer has contracted by about i.5%. some of that is that is that us has had more fiscal chances, some us has had better wealth gains but a lot of it is that european consumers have been much more cautious. the hope is that inflation is coming down now. wage gains have remained elevated and the hope is that consumers will now start to begin picking up. we saw that in the third—quarter gdp report for the euro area but european consumers are clearly the weak link in the global economy as we have gone through the past year. even more so than chinese consumers? even more so than chinese consumers. they were sluggish and chinese housing has been weak and choppy and i think it is fair to say that 2023 was a year in which pretty much every region in the world did reasonably well except for western europe. western eur

tom kennedy of jp morgan private bank, thank you.conds with the adp report. mike mckee is excited. he has joined us. the estimate is 130,000, going into equity features shaping up as follows -- futures shaping up, yields look like this on a 10-year, higher by a single basis point. the data drops, it is a downside surprise. michael: so does the adp number drop. 103,000, a significantly below the 130,000 as the expectation. 113,000 unrevised from last month. i will see if i can pull up the revised number. most of the decline it seems to be is in goods producing, which is kind of interesting. manufacturing loses 15,000 jobs. most analysts are penciling in a big increase in manufacturing jobs because of the uaw workers going back to work. that is kind of an interesting view from adp. service providing jobs, 117,000. looks like most of the job creation that there was was in medium-sized establishments. the other aspect of adp in recent years produced is the median change in annual pay. job stayers, 5.6%. a slowdown. job changers, 8.3%. th

when trying to transfer funds from the german subsidiary of the american jp morgan to the german commerzbankted the mentioned 720 million euros belonging to the russian national clearing house.

that is the jp morgan view. what is your response?my team's view is the arrival of gbtc as an up listed spot bitcoin etf is the beginning of an opportunity for the advised wealth market in the united states. that is $30 trillion of wealth that by and large has not had products they can go into to obtain spot bitcoin exposure. gbtc has been a very popular investment vehicle for investors of all shapes and sizes to get regulated bitcoin exposure. many of them are doing so today. the discount on gbtc as investor optimism around its uplifting has continued to take place. we certainly see there's a lot of pent-up demand in that advise community. we think gbtc as well as other products will experience a lot of the inflow upon conversion, upon up listing. >> are you preparing for the possibility the jp morgan hypothetical scenario plays out and you see substantial inflows after conversion? >> there are multiple bitcoin futures and we have been prepared for a world in which there are multiple spot bitcoin products on the market. investors sho

you know how to call jp morgan and citibank. you have no you had a call bain capital or carlisle. a bridge to build that relationship between the borrowers who don't have the access and the private credit lenders who do have the capital and are willing to lend in that space can be a beneficial relationship. vonnie: who is going to decide on what interest rates are charged in the fees charged and who pays what to whom? ranesh: that will be part of the relationship between the bank and the private credit lender. figuring out how to manage the underwriting process, the terms of the deal. as we mentioned in the article, how you manage when you are faced with a default situation with the bank may have a different incentive than the lender. all those are things that may need to be worked out differently. jon: really great perspective. thank you very much. ranesh ramanathan breaking down the private credit story in the public equity market. we have obviously seen investors continuing to keep tabs on the s&p 500. not getting too far at this point away from those previous all-time highs. w

but you know, what's particularly interesting is that jp morgan, the investment bank in the united states. so that if this bond has continued, apple would have started to lose up to $5000000000.00 in lost sales. now, ordinarily, that would be a massive sum for any company that's only one percent actually of want to. apple makes annually, but still a significant own goal if it didn't managed to resolve it off the roll. we're very much used to accompany a significant as apple being able to plan ahead for these kinds of things, deal with things proactively when these legal situations come up. but it clearly didn't get ahead of it this time. but how does it get that far, that, that apple watches were actually taken off fields? well, i mean, there's a bunch of ways that it could resolve this issue. we pay to disputes come up all the time. and apple is, is no stranger to this kind of thing. it could have for example, paid licensing fees upfront. it could have admitted guilt in this case and said, okay, my cmo will pay you whatever you've decided that we should pay you. it could have even now ge

and jp morgan, the investment banking in the us, estimated the if this continued, then they could have lost up to $5000000000.00. now that sounds a lot, it is a lot, but that's only one percent of apples annual revenue that it makes them selling it's devices. so i'm, yeah, it would have been this thing that's for sure. the, the worst bit that comes out of this though, is that it's a kind of a own goal that usually you expect apple to be able to get ahead of these kinds of things and stop them before they happen. so would have been an unnecessary loss either way. yeah, take us back a step. this isn't quite unusual. how did the dispute get to the point where the apple watch was being taken off of shelves? quote, massimo says that it's paid to to blood ok, submit to technology measures. the oxygen levels in your blog is included in these watches, now cost apple disputes that it says that it hasn't been infringed, any kind of patient rights from massimo. but the us itc, which is the international trade commission, disagreed. it says, okay, you, that's a oppose this found essentially. and,

but, you know, what's particularly interesting is that jp morgan, the investment bank in the united states. so it's not, if this bond has continued, apple would have started to lose up to $5000000000.00 in most sales. now, ordinarily, that would be a massive sum for any company that's only one percent actually of want to. apple makes annually, but still a significant own goal if it didn't manage to resolve it off the roll. we're very much used to a company a significant as apple being able to plan ahead for these kinds of things, deal with things proactively when these legal situations come up. but it clearly didn't get ahead of it this time. but how does it get that far, that, that apple watches were actually taken off felt? well, i mean, there's a bunch of ways that it could resolve this issue. we paid disputes come up all the time and apple is, is no stranger to this kind of thing. it could have, for example, paid licensing fees upfront. it could have admitted guilt in this case and said, okay, my cmo will pay whatever that you've decided that we should pay you. it could have even now g

no major fireworks. >> remind me, jp morgan, would we say they are in the crypto business at this point? i know we are at a moment where we will see many more bit coins and such. but we always know how he feels about it but i wasn't sure if it is a no go zone for the whole firm. >> i mean, he said in the past he supports block chain in particular but he has also called bit coin a pet rock or it has no value other than being a pet rock. so today's comment saying if he were the government, he would shut it down echoes previous less favorable sentiment that he has had with crypto. so no, not a major business for them whatsoever. >> yeah, he has been quick. i think warren asked the wrongperson about crypto. there is the answer. les lepicker, thank you. >>> the price of bit coin almost at 45 today. many are arguing the rally is different this time. we will discuss. >>> plus, tesla ceo elon musk scuffling in scandinavia. dock workers joining a sympathy strike with swedish mechanics against the ev maker. we have the story when we return. rms. bring your trades into focus on thinkorswim desktop

so there was a period where absolutely was not selling watches in the us, and jp morgan, the investment banking in the us, estimated that if this continued, then they could have lost up to $5000000000.00. now that sounds a lot, it is a lot, but that's only one percent of apples annual revenue that it makes some selling it's devices. so i'm, yeah, it would have been a sting. that's for sure. the, the worst bit comes out of this though, is that it's a kind of an own goal, but usually you expect to be able to get ahead of these kinds of things and stop them before they happen. so would have been an unnecessary loss either way. yeah, take us back a step. this isn't quite unusual. how did the dispute get to the point where the apple watch was being taken off of shelves? quote, massimo says that it's paid to to blood ok, submit to technology that measures the oxygen levels in your blood is included in these watches. now costs apple disputes that it says that it hasn't been infringed, any kind of patient rights from massimo. but the us itc, which is the international trade commission, disagree

and jp morgan, the investment banking in the us, estimated the if this continued, then they could have lost up to $5000000000.00. now that sounds a lot, it is a lot, but that's only one percent of apples annual revenue that it makes them selling it's devices. so i'm, yeah, it would have been this thing that's for sure. the, the worst bit that comes out of this though, is that it's a kind of a own goal that usually you expect apple to be able to get ahead of these kinds of things and stop them before they happen. so would have been an unnecessary loss either way. yeah, take us back a step. this isn't quite unusual. how did the dispute get to the point where the apple watch was being taken off of shelves? quote, massimo says that it's paid to to blood ok, submit to technology measures. the oxygen levels in your blood is included in these watches. now costs apple disputes that it says that it hasn't been infringed, any kind of patient rights from massimo. but the us itc, which is the international trade commission, disagreed. it says, okay, you, that's a oppose this found essentially. and

jp morgan points an uptick i game stock the original stock is th poster child for risk-taking and a lotwell which tends to be a bellwether of retail behavior. it's widely held about 12% average in most portfolios scott. >> thanks, kate rooney, mike you want to comment on these flows? >> on the one hand, it's to be expected when the markets been ramping for six weeks. you're near the highs of the year, you're starting to get more comfortable about the bac row, the eye theme is runnin through a lot of this. there's a point at mitch where it gets overdone i don't think you need to go through the stages of having broader participation. you need bulls to make a bul market it's understandable you're getting retail response bu it's not unequivocal, th ameritrade investment or index showed that their clients were net sellers of november, eve as the market went straight up it's one of those things tha you monitor, it's good until it's not so good as a contrary signal right now we're still in a zon where it's better to hav participation. and some of the single sto teams are working as opposed t r

jp morgan warning of a credit reckoning. >> typically when we think about a higher rate cycle and tohat impacts, it is the lower rated credit operators who are hit the hardest. today we have a credit market overall that is the lowest credit quality ever. i think the credit reckoning may take time to arrive but it will arrive with some dramatic reprises. vonnie: let's bring in criag bergstrom and brian rehling. issuance is ahead scratcher. let me ask you if what we are seeking -- seeing is based on any reality in the markets. brian: i don't think so. i think you will see issuance come up. it takes time for things to move through the pipeline. no doubt with the decline in rates we have seen, credit spreads have been mentioned quite tight. it will be more proactive in the new year. vonnie: explain the tightness of these at the moment. craig: credit markets have rallied quite strongly. it feels they are following other assets. it is following strong returns for equity, mirrors strong returns for on the run leverage loans. at the same time, it does not feel to us as investors like those o

that is the jp morgan view. what is your response.ifted spot listed bitcoin etf is actually the beginning of opportunity for the advised wealth market of the united states. that is about $30 trillion of wealth that by and large has not had products that they can go into to obtain spot bitcoin exposure. as you said, gbtc has been a very mpox -- very popular investment vehicle to get regulated bitcoin exposure and many of them are doing so today. we have seen the discount on gbtc narrow considerably this year as investor optimism has continued to take place. but i think for us, we certainly see that there is a lot of pent-up demand about advised community and we think gbtc as well as other products will experience a lot of that inflow upon conversion. >> are you preparing for the possibility that the jp morgan hypothetical scenario plays out, you do see substantial inflows after conversion? michael: there are multiple bitcoin future etf's on the market and we are prepared for a world in which there are multiple spot bitcoins on the mark

dimon, you have been ceo of jp morgan for almost two decades. can you explain why crypto is such an attractive financial tool for terrorists, drug traffickers, and rogue nations? >> i have always been deeply opposed to crypto. he pointed out a true root -- true use case for, is criminals, tax avoidance. that is a huge case because it is somewhat anonymous and you can move money instantaneously, and because it does not go through all of these systems built up over many years. they can bypass all of that. if i was the government i would close it down. sen. warren: that is what we are going to talk about. last week federal law enforcement asked congress to update the banking laws, saying "we cannot rely on statutory definitions that are decades-old to address the illicit finance risks that we face in 2023. and these law enforcement officials specifically called out use of crypto to finance terrorist attacks." the laws clearly need to be updated, but crypto lobbyists are working overtime to block any legislation. they claim crypto is special and sho

jp morgan and citigroup have been weighing to cut by that much. something to consider.s is bloomberg. ♪ i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the xfinity 10g network. romaine: a reinforcement of that soft landing narrative. live at bloomberg headquarters in new york, i am romaine bostick. katie: and i am katie greifeld. we are not at a record yet when it comes to the s&p 500 but getting closer and closer. the s&p 500 currently up 0.4%. slightly outperforming big tech. the nasdaq 100 up 0.3%. 10-year yield coming down yesterday. he

he's from jp morgan asset management, and -- you're usually in washington.ou as pessimistic about the economic outlook as lauren is? >> from a market standpoint, it's kind of hard to be bearish right now. the bulls are out. there was a bill in new jersey transit yesterday morning. >> i thought people were joking about it because of the market. >> or was a.i., i had no idea. >> apparently it was rule. >> the polls are out, it's thanks to the fed. the biggest surprises i had commented wednesday's meeting with the assumption that chairman powell was gonna push back on the notion of rate cuts. when he lied into the idea that the fed can cut rates next year, even if inflation doesn't have a 2.0 handle on it, it was powerful in this fed induced rally that lauren is highlighting. markets are getting excited about it, you have bonds rallying -- at the end of the year. november retail sales was pretty strong, inflation seems to be coming down faster than the fed would like. all these things that the markets are cheering on i think they're cheering on for good reason.

bank of america sold the most bonds by volume while jp morgan issued the most by number of deals. morgan stanley, wells fargo and goldman and citigroup are among the top. supplies expected to finish around $23 million. looking at the cost to borrow, u.s. hybrid spreads hit their lowest level since early 2022. this comes after a year that saw the spreads jumped to 1.63% in march, a level rarely seen over the last five years. investors were fearful over how rate hikes would hurt companies but those concerns have mostly dissipated. in high yields, the rally powered by the fed's rate decisions pulled our hours into the market to capitalize on a risk on mood. year-to-date volume is up around 176 billion dollars, up 73% year-over-year, but still trails what we saw in years prior. when it comes to high yields, matt brill lays out his outlook for next year. >> i think the high-yield double b market looks good. the triple b market, the fundamentals are sound. overall, i think you can go down. the triple c sector is still challenged. it has had good returns but there are some landmines ther

morgan and andrew carnegie, that forged the nation's industrialization in the early 1900s. >> i feel like a an age old company that was here is now gone, even though they're going to retain the name, it is no longer owned domestically. >> union leaders are blasting the takeover deal, claiming it violates their agreement with the company. critics are also raising national security concerns. >> i've always maintained that steel is security and national security, and the fact that now they're claiming that they're going to sell this to a foreign company, it's outrageous. u.s. steel's ceo, addressing those concerns, saying this is going to increase competition here in the united states with a great ally to the united states. >> we do not see that as a high level risk factor. we'd say low level of risk. the deal could also help counter the dominance of china, which now controls about 54% of global steel production. nippon says it's committed to honoring u.s. steel's existing union contracts, but critics not satisfied the fact that they didn't even talk to the union and mention this, or th

jonathan: 4200 for the downside from jp morgan, that's the call.parts of jp morgan. jonathan: this is the research team. the call stacks up whether you disagree with the number, the logic makes sense. jp morgan is saying the bet in the market is an imperfect soft landing. they are pushing back against what's price because they don't think it will be that great. lisa: dan morris said because of the tailwinds for equities when it comes to that, the idea that when it comes to the payrolls report, if you get an upside surprise it will be bad for equities in a downside surprise will be bad for equities because they are pricing in goldilocks at a number that is in line with expectations. tom: it's backed up by the 10 year inflation. i didn't think we would get so abruptly under 2%. we backed up to 2.04%. we are waiting to see if we get more dovish and. a huge turnaround for bonds. jonathan: the two-year at the moment is 2.61. pick about how much lower compared to october, 5.26 on the two-year. on the 10 year in october through 5% now back down to 4.26 ev

f and visitor they have from the soros group to goldman sachs, to jp morgan, to black truck who's c o has already launched a fun to entice international invest. as i talked to this diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post war moment may present an opportunity to complete the difficult land reform bikes down the road to patches of recall chill loved to legal entities including foreign ones. although the passing of such a loyal would only be possible after a referendum open in the path for international capital to flow into training and agriculture will likely boost productivity across the sector. and chris and it's competitiveness in the u market. like i said, i might just be authentic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling. you'll salt as well. thanks very much for your company. this our next step it

morgan, to black truck who's c o has already launched a fun to entice international invest. as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post war moments may present an opportunity to complete the difficult land reform bikes down the road to patches of recall chill loved to legal entities, including foreign ones. although the passing of such a loyal would only be possible after a referendum open in the path for international capital to flow into you training and agriculture will likely boost productivity across the sector. and chris and it's competitive in this, in the you market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling. you'll salt a. that's a wrap up 10, so it's a p. m must go time this friday. do you head over to a website for more on any of

extends jp morgan to black truck here, c o has already known to fun to entice international invest. as i talked to miss diehards to rebuild the country. also known as feasting on ukraine's call, cuz it will profit tag you choose surprised you shouldn't be. they've never exactly hidden that hunger. the postwar moments may present an opportunity to complete the difficult land reform bikes down the road to patches of recall chill land to legal entities, including foreign ones. although the passing of such a loyal would only be possible after referendum open in the path for international capital to flow into training and agriculture will likely boost productivity across the sector. and chris and it's competitive in this, in the you market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling your soul? well, that's your end of the news. i'll be back in the an update, and around 13 minutes the the image is like a new printer,

morgan, to black truck who's c o has already launched a fun to entice the international invest. as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post war moment may present an opportunity to complete the difficult land reform bikes down the road to patches of recall chill land to legal entities including foreign ones. although the passion of such a loyal would only be possible after referendum open in the path for international capital to flow into training and agriculture will likely boost productivity across the sector. and chris and it's competitive in this, in the you market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling. you'll sell a pleasure to have your company this hour. i'll be back with all the latest updates about the.

morgan, to black truck who's c o has already launched the fun to entice the international invest. as i talked to this diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit. terry, you choose surprised you shouldn't be. they've never exactly hidden that hunger. the postwar moments may present an opportunity to complete the difficult and reform bikes down the road to patches of recall chill land to legal entities, including foreign ones. over the past and of such a loyal would only be possible after referendum opening the path for international capital to flow into training and agriculture will likely boost productivity across the sector. and chris and it's competitiveness in the u market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling your soul. i saw skia taylor was upset for an hour from the news room, but the news team just off camera busy putting together all a 5 this ma

morgan. kasman, a real pleasure having you on the show. and bruce, let's start with this because your forecast expects growth in the global economy to slow over the next 12 months. and if we look, let's take germany as an example. one major economy, it's already seen a recession. so, bruce, do you think others will follow? i'm just wondering, which countries do you expect to do particularly well and which ones not so well? the way we're looking at the world right now is that there's a tension between the underlying resilience and health of the global economy, which should continue to propel things forward. the way we're looking at the world right now is that there's a tension between the underlying resilience and health of the global economy, which should continue to propel things forward. and i want to emphasise there, the united states and emerging markets all have really solid fundamentals. and if we can continue to move forward here, i think both regions are going to do particularly well.

morgan, to black truck who's c o has already launched the fun to entice the international invest. as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag you choose surprised you shouldn't be. they've never exactly hidden that hunger. the 1st one moment may present an opportunity to complete the difficult lender form by extending the right to purchase. i would cultural land to legal entities including forwarding wants. although the passion of such a lot would only be possible after referendum opening the path for international capital to flow into creating the agriculture will likely boost productivity across the sex or increasing is competitiveness in the e u market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling your soul. okay, before we go on to bring you to africa or a 2nd day of voting in the general election was required in the democratic republ

morgan, to black truck who is c o has already launched a fun to entice international invest. as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post more moments may present an opportunity to complete the difficult lender form by extending the right to purchase. i will cultural land to legal entities including forwarding once, although the peasant of such a law would only be possible after referendum opening the path for international capital to flow into credit, agriculture will likely boost productivity across the sex or increasing is competitiveness in the e. u. market, like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling your soul source. get taylor with the extended report. it's time for them to stop fooling around, loving or putting wasn't in the mood for nic

morgan, to black truck who's c o has already launched a fun to entice international invest. as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the postwar moments may present an opportunity to complete the difficult land reform bikes down the road to patches agriculture land to legal entities, including foreign ones. over the passing of such a loyal would only be possible after a referendum open in the path for international capital to flow into training, and agriculture will likely boost productivity across the sector. and chris and it's competitiveness in the you market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a spring of coincidences become a conspiracy on was line between selling some soil on selling. you'll sell. so the force don't know the african nation of num, it'd be a 100 watts being called the 1st concentration accounts in human histor

morgan. to black truck who's c o has already launched a fun to entice international invest, as i talked to this guy hobbs, to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the postwar moments may present an opportunity to complete the difficulty and reform bikes down the road to patches of recall shall lend to legal entities including foreign ones. although the passing of such a loyal would only be possible after referendum opening the path for international capital to flow into your training and agriculture will likely boost productivity across the sector. and chris and it's competitiveness in the u market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy.

morgan, to black truck who's c o has already known chiffon, to entice international invest, as i talked to miss diehards to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag you choose surprised you shouldn't be. they've never exactly hidden that hunger. the postwar moments may present an opportunity to complete the difficult and reform bikes down the road to patches of recall chill land to legal entities, including foreign ones. although the passing of such a loyal would only be possible after referendum opening the path for international capital to flow into training and agriculture will likely boost productivity across the sector. and chris and its competitiveness in the you market. like i said, i might just be a cynic reading into a string of coincidences but my question to you is this what.

morgan, about what to expext in 202a.slehurst asked him whether inflation in europe and the us finally would fall back to the 2% that central banks want. i think the answer to that is no but i think this central bank community doesn't need to get them back to 2% before they can consider easing. while get an incomplete unwind of inflation in 2024, you get a substantial enough one, one that brings underlying inflation below 3% and gives central banks of the confidence to begin to take their feet off the break. that looks like a reasonable scenario but it is by no means for sure that it is going to happen and that is in some basic sense the key question about 2024. when it comes to _ question about 2024. when it comes to consumer _ question about 2024. when it| comes to consumer spending, what differences do you see in different parts of the world? it continues to be pretty strong in the us but less so in europe. could that be the difference between growth and recession? h0 difference between growth and recession?— since the

morgan, to black truck who's c o has already launched a fun to entice the international invest. as i talked to this guy hobbs, to rebuild the country, also known as feasting on ukraine's call, cuz it will profit tag. you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post war moments may present an opportunity to complete the difficult land reform bikes down the road to patches of recall chill loved to legal entities including foreign ones. although the passion of such a loyal would only be possible after referendum open in the path for international capital to flow into training and agriculture will likely boost productivity across the set to increase. and it's competitiveness in the u market. like i said, i might just be a cynic reading into a string of coincidences. but my question to you is this. what point does a spring of coincidences become a conspiracy on was line between selling some soil on selling. you'll sell software taylor with the report. now it's a friday visit to the cross talk studios that had and moments counsel peter, and gue

that drives that visits to key f and visitor they have from the soros group to goldman sachs, to jp morgan. to black truck who's c o has already known chiffon, to entice international invest. as i talked to miss diehards to rebuild the country . also known as feasting on ukraine's call cuz it will profit tag you choose surprised you shouldn't be. they've never exactly hidden that hunger. the post war moments may present an opportunity to complete the difficult and reform bikes down the road to patches of recall chill loved to legal entities, including foreign ones. although the passing of such a loyal would only be possible after referendum open in the path for international capital to flow into your training and agriculture will likely boost productivity across the set to increase. and it's competitive in this, in the you market. like i said, i might just be authentic reading into a string of coincidences. but my question to you is this. what point does a string of coincidences become a conspiracy on was line between selling some soil on selling your soul or not a 2nd day of voting in the

and jp morgan, the investment banking in the us, estimated the if this continued, then they could have lost up to $5000000000.00. now that sounds a lot, it is a lot, but that's only one percent of apples annual revenue that it makes them selling it's devices. so i'm, yeah, it would have been this thing that's for sure. the, the worst bit that comes out of this though, is that it's a kind of an own goal that usually you expect apple to be able to get ahead of these kinds of things and stop them before they happen. so would have been an unnecessary loss either way. yeah, take us back a step. this isn't quite unusual. how did the dispute get to the point where the apple watch was being taken off of shelves? quote, massimo says that it's paid to to blood ok, submit to technology measures, the oxygen levels in your blood is included in these watches. now of course, apple disputes that it says that it hasn't been infringed. any kind of payton writes from massimo. but the us itc, which is the international trade commission, disagreed it says, okay, you, that's a oppose this pilot centrally. a

morgan.ruce kasman, a real pleasure having you on the show. and bruce, let's start with this because your forecast expects growth in the global economy to slow over the next 12 months. and if we look, let's take germany as an example. one major economy, it's already seen a recession. so, bruce, do you think others will follow? i'm just wondering, which countries do you expect to do particularly well and which ones not so well? the way we're looking at the world right now is that there's a tension between the underlying resilience and health of the global economy, which should continue to propel things forward. and i want to emphasise there, the united states and emerging markets all have really solid fundamentals. and if we can continue to move forward here, i think both regions are going to do particularly well. i think the tension here is that we still have persistent inflation. and while markets have become more optimistic that central bankers are going to be able to take their feet off th

jp morgan, citigroup, wells fargo, powerful institutions.o need the local, small bank to give customer service. a lot of mistakes were made with interest rate risk and management, and though shareholders and those companies paid the ultimate price. i think for a healthy, thriving economy you need more scale and size across the gamut. tom: the three of us, we have not been in a branch since the red sox were in first place. jonathan: speak for yourself. tom: we do everything digitally, zelle this, zelle that. how does tacoma, washington compete with the digital investment of the major banks? chris: the smaller bankschris: -- the bigger banks are going to move first and the smaller banks will adapt. second, they have built out capabilities to compete effectively. maybe not to the sophistication of international banks. tom: what is a capability that they have in the coma, washington where they don't want brian moynihan to come in from the bank of america? chris: turn and online speed for deposit capture. i have not been in a branch either in yea

s of goldman sachs, jp morgan chase and wells fargo. watch it live beginning at 9:30 p.m. eastern on c-span 3, our mobile app c-span now or online at c-span.org. >> a healthy democracy doesn't just look like this, it looks like this where americans can see democracy at work, when citizens are truly informed, our republic thrives. c-span, unfiltered, unbiased word for word from the nation's capital to wherever you are. because the opinion that matters the most is your own p. this is what democracy looks like, c-span, powered by cable. >> house speaker mike johnson and other leaders and four jewish students held a news conference about antisemitism on college campuses and the need for university lead force combat it. the students said there's been a rise of antisemitism since the hamas terror attacks in southern israel. this is about half an hour. >> good morning. thank you for being here today. this is a very important day on the house education work force committee. we're about to have an incredibly important hearing addressing the rise of antisemitism on our college campu

the commercial banks are in control . jp morgan city, barclays, hsbc deutscher bank. you're gonna credit bunk percent and they're, they're the ones that actually run the system and create, they create, they print their own money by making laws. so there's a dollar shortage and you need, cuz all the banking houses in the world combine are in the, are in the trillions choices of dollars. but the notion of the rivers which are off balance, she is one quadrillion dollars. and for people who don't know that you were a quadrillion, is a 1000 trillion of so much you haven't driven us, they're extremely highly leveraged, and you have to put up collateral to support your positions. well, what's the best collateral? 3 months, treasury bills, 6 months, treasury bill, they don't even want to your treasury notes or 500 treasury notes. they want this really short term treasury bills. well, if you're in georgia back or you raise just be say, and you want to get treasury bills as collateral. you need dollars to buy the bills . and so one of the reasons the dollar has been so strong a

the commercial banks are in control . jp morgan city, barclays, hsbc deutscher bank. you're gonna credit bunkers on time. they're, they're the ones who actually run the system and create, they create, they bring their own money by making laws. so there's a dollars shortage and you need cuz all the banking houses in the world combine are in the are in the trillion strains of dollars. but the notion of the rivers which are off balance. she is one quadrillion dollars. and then for people who don't know that you were a quadrillion, is a 1000 trillion a so much you haven't driven, is there extremely high leverage and you have to put up collateral to support your positions? well, what's the best collateral? 3 months, treasury bills, 6 months, treasury bill, they don't even want to your treasury notes or 500 treasury notes they want. there's really short term treasury bills. well, if you're in georgia back or you raise just be say, and you want to get treasury bills as collateral. you need dollars to buy the bills . and so one of the reasons the dollar has been so strong has

morgan bank. correcting downwards after 4 days of growth in a row, oil is becoming cheaper, the american ministry of energy reported the day before that reserves in the country increased last week, and production updated a record of 13.3 million barrels per day. in more oil market news, angola announced that it was leaving the trusteeship because its role in this cartel was not significant. the ruble is getting cheaper, the dollar is above 92, the euro is more expensive than 101 rubles for the first time since the end of october, alordroker analysts say that the weakening of the ruble in in the second half of december - this is a generally normal process, it is connected with the fact that the budget completes settlements with its counterparties and there are more rubles in the financial system. they want to prohibit foreign analysts from researching russian consumer markets. as the izvestia newspaper writes, the government supported a bill according to which only those companies whose authorized

the commercial banks are in control . jp morgan city, barclays, hsbc deutscher bank. you're gonna credit the bunk percent and they're, they're the ones that actually run the system and create, they create, they bring their own money by making laws. there's a dollar shortage and you need cuz all the banking houses in the world combine are in the are in the trillions choices of dollars. but the notion of the rivers, which are off balance, she is one quadrillion dollars and for people who don't know that you were a quadrillion, is a 1000 trillion. as so much you haven't driven us, they're extremely highly leveraged, and you have to put up collateral to support your positions. well, what's that? does collateral 3 months? treasury bills, 6 months, treasury bill, they don't even want to your treasury notes are $500.00 treasury notes. they want this really short term treasury bills. well, if you're in georgia back or you raise just be say, and you want to get treasury bills as collateral. you need dollars to buy the bills . and so one of the reasons the dollar has been so st