dimon: you too. lisa: can i take a picture real quick? dimon: of course you can. lisa needed to have some small wins along the way. being in business isn't about making a million dollars in the first year. it's about enjoying and celebrating the little wins, and then letting them mount up over time. cory: oh, wow. that was amazing. lemonis: he loved it. cory: yeah. lisa: like, i'm not built for this type of work. lemonis: yes, you are. lisa: it's not me. lisa: i don't think i can take the company where it needs to be. i think he can. lemonis: you can. i'm positive. i wouldn't be standing here. i know there's more inside of you, and i'm gonna keep digging because i know what you're capable of. lisa: it takes time. lemonis: it does take time, and that's trust. as we build trust with each other, that will help. lisa: that's hard for me to do. lemonis: i know, but i think you trust me more today than you did when you first met me. lisa: yes, i do. lemonis: and hopefully a month from now, you'll trust me more then than you do now. ♪♪ i've been uncomfortable since the d

well and i don't think it's going to be so good for them though jamie dimon for the world but for the bottom 99 percent i think it's going to be better if it's not the reserve currency because remember you have to run a massive trade deficit to have the u.s. dollar as the world's reserve currency sure they get to you know be men with guns and thug thuggery and you know beat people up that they don't like like in iran or venice well or whatever and they get to shut them off from the grid but at the huge cost to your own domestic population. now we look at another big question story and of course i mean this is kind of funny because everybody hates iran mosque of course on wall street everybody hates him in the mainstream media that he keeps succeeding he keeps delivering results for his shareholders whether it's in tesla or space x. he keeps like like everybody you know kind of in the mean stream media the orthodoxy they wanted him his space x. to fail but it was brilliant went to the space station and delivered all this stuff well you know as we covered you know he bought $1500000000.

morgan chase ceo jamie dimon walmart ceo doug mcmillan and lows chief and u.s. chamber of congress tom donahue and sonja signal the president and ceo of the gap all in attendance. our blake burman is outside. liz: did they go in the black door, we want to know exactly what they talked about. >> we would love to ask them questions, it's my experience when you get the biggest players you put them on the screen, they like to go and where the cameras are not. but in any event we saw them on camera briefly at the very beginning of this meeting with president biden if it's still ongoing it would mean it would go on for an hour were just trying to figure out if it's happening or not any event some of the biggest players when you talk about the president the treasury secretary janet yellen and you mentioned jamie mentioned jamie dimon and doug mcmillan. we heard from president biden that he wanted to talk about the economy, the rescue package, after the infrastructure which the president has signaled will be one of his next major items along with the topics of the day o

is he going to raise either of those issues with jamie dimon when he has the opportunity? >> the president does not have a litmus test that he gives people before he meets with them in the oval office. otherwise he would not have met with ten republicans last week. so they don't agree with him on everything. i'm sure the business leaders would convey that to you. he doesn't agree with them on everything. this is a discussion about the american rescue plan, a plan that will help spark economic growth, help put people back to work, help get our economy on a path to recovery and hopefully that's something they can all agree on. >> i know that you guys have put together a task force to look at domestic extremism following what happened in january. there's been a lot of reporting about the breakdowns that happened in the government ahead of that coordination between dhs, fbi and the capitol police. i am wondering especially if there is chatter indicating there might be further demonstrations surrounding the election, what, if anything, the administration is doing -- >> surround

of america has some of the best exposure of what i want and it is want fully valued, whereas jamie dimon has had a very steady hand and they've continued to perform and outperform the rest of the m mega-cap banks and the team was looking at which one is the least high versus the rest of them, and i think they stuck with bank of america for that reason. >> rather than the best of the best okay that's your -- >> it's the best of the best because -- best of theest means in this case means fully valued. at 134 a share -- >> doesn't mean fully valued what do you mean they have a billion dollars' worth of -- of -- of bank of america. you know, that says something, right? they think it's the best of the best i don't want see that on my list of trimming anything i see some of the other banks. >> i think you and i are talking slightly different as far as which one has more upside from this point, and you know, again, we don't have the rear-view mirror to know exactly what they were selling when they were selling and so forth >> they have more than a billion shares, by the way. >> at least what i

an interview not to miss, jamie dimon speaking exclusively to us at the j.p. ♪ ♪ emily: i am emily chang in san francisco and this is "bloomberg technology." tech shares lead a rout in u.s. stocks as investors move away from pandemic winners. gamestop surging more than 100% on retail investor action, volatility and volume the words of the day. we have the latest. plus, arc investments cathie woods says

and all these bankers to decide how much he's telling them what he's going to give you so that jamie dimon can make sure he stays the billionaire right and that you do you get you know the ordinary chump getting some money that doesn't inflate away because he doesn't want to pay taxes right because remember dominic frisby says inflation is a tax so he doesn't want to pay those taxes he's not going to pay them so what's he going to do he's going to buy big queen he's going to buy assets he's going to buy commodities likes them dr miller he's going to go very very short the dollar likes that dr miller he's going to you know buy. his back so he says or picasso's jamie diamond is the dr kevorkian of economics if he shows up in your office you know you've got trouble big trouble and there is the administration talking to euthanasia doctor named jamie diamond about how best to euthanize america and jamie says the best way to euthanize america is to print money well certainly the u.s. dollars euthanize the u.s. dollar and it could be better for everybody after it's gone so hopefully you know for

morgan chase chairman and ceo jamie dimon will sit with us for an exclusive conversation with bloomberg at the j.p. morgan 2021 level high yield leverage conference at 5:30 a.m. tuesday if you are watching us early from city. coming up johnson & johnson vaccine is the third coronavirus shot approved in the u.s.. dr. anthony fauci says now is not the time to get picky about which vaccine you choose. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for o

today, obviously the administration is meeting with business leaders, jamie dimon among them, the usualuspects like the walmart ceo, lowe's ceo, but there is also another $800 million worth of ppe money out there for businesses. is this going to be satisfying to the democrats, the left leaning democrats? wendy: it is a combination of a challenge of vaccinations and public health and getting covid under control, which is separate from the impact of the actual dollars. i think that this is a problem. you want synergy. but you cannot make them work together. so this is the issue. by summer, when people are feeling more secure, kids should be back in school. this is essential to the economy, but we have uncertainty. that's the big issue. republicans can make the argument, do not spend trillions of dollars when we do not know. we could recover with the vaccinations, we do not need to spend the extra money. but democrats say we need both at the same time. that's where the leadership is crucial. we are not quite seeing it where it needs to be yet, so i think the window for joe biden is much sh

that meeting will include, for example, the head of jpmorgan chase, jamie dimon.d of walmart, doug macmillan, along with the leaders at gap and lowe's. that meeting at the white house, neil, next hour. we'll see if sew pensionly this group ends up discussing one key issue of the moment big minimum wage and what democrats want to move forward with that. we heard from the non-partisan congressional budget office on this matter, neil, it could potentially make the pitch for democrats going forward a little bit harder. here is what the. cbo found, when they look to 2025, projection of a 15-dollars minimum wage, 17 million workers have wage increased along with 10 million workers have their wagers increased who currently make more than 15 bucks an hour. cbo said it would lift nine million americans out of poverty. the cbo says 1.4 million jobs would be lost. it would also add $54 billion to the nation's deficit. the white house is taking issue with the job loss projection. an official telling me in a statement, telling me, we think the cbo's estimates on employment aff

jamie dimon on bloomberg television and radio talking about the consumer outlook for office space andutlook for banking. thank you for joining us. have a great weekend. this is bloomberg. ♪ jon: from new york city for our audience worldwide, good morning, good morning. we begin with the big issue -- what a week in the bond market. >> we are selling off because of optimism for growth -- >> not the same thing as inflation -- >> it's a distinction illustrated by the rise in real yield. >> the market expecting a much stronger recovery. real yield will increase as the -- >> real yields will increase as the demand in the market picks up. >> the precipitous move in rates is definitely concerning. the belly -- >> the belly of the curve is ridiculously steep. >> it's not just the

jamie dimon will be at that meeting. it will be one to pay attention to. the three-your auction.ctions. after the bell it just carries on. lyft and twitter. alix: that will be a lot of fun. tomorrow we get andrew bailey delivering -- we have jay powell speaking to the economic club of new york. earnings from gm, uber and coca-cola. we will be talking to the ceo of coca-cola james quincy. what is -- what his demand forecast is, the vaccine rollout, and what that will mean for people buying stuff. guy: it will be interesting to see how people back to work. people back to bars potentially. alix: slow down. bars? what? what is that? guy: let's talk about those bars that could be on prison windows. alix: well done. did you plan that? guy: the story of the day is the u.k. threatening 10 years in prison if you basically lie about your entry into the u.k. and comfy one of the red countries. basically the hotlist countries the u.k. is so worried about for new variants. that shows how worried the government is. alix: it feels like it is so extreme, what it actually happened? when i got gro

i think jamie dimon -- he pooh-poohed bitcoin and said maybe i made a mistake in being perhaps so irreverentbut here in lies the point. frenemies. why would you run the risk of letting everyone else run away with something. better to bring it into the family, let's make a few dollars off it rather than go i missed that trade. annmarie: we have seen the explosiveness from bitcoin when it came on the scene. right now, is holding steady around $45,000. do you want to get in now to the next level of $50,000? if you are a company, these are questions you have to answer. manus: at $50,000, it's worth $1 trillion. the question is, where is the store of how your? should we take -- store of value? we are trying to understand where we are with risk this morning. up .8%. annmarie: we are pretty much flat. the big question is does the reflation trade continue to hold legs? given the cpi data yesterday, it was muted, sour. that does it for manus and i. we are back tomorrow. bloomberg daybreak: europe, but the european open is up next with matt and anna. stay right here. this is bloomberg. ♪ anna: good mo

the insider buying and the jamie dimon bottom, and this is a transparency that going forward will impact the market and you will have more active managers who are going to take this structure for managing their money and i think that's so incredibly valuable for investors to see what they're doing real time in a corrective nature. >> the most difficult decision right now for investors, pharma jim, is do i take advantage of some of the dips in the high-flying tech stocks that we just talked about or do i go to the so-called re-open stocks that have run a lot and in jim's mind, jim cramer's mind like caterpillar have become expensive. do you goto the cruise lines which are up 48% to 50% this month? do you do the casinos like mgm, sands and wynn which are up 35%, 34% respectively and the airlines which are up at least 30%? what do i do >> i know you like direct answers, scott, and i don't think right now is the time that you load the boat on the re-opening trade why do i say that? i'm in it. i'm in alaska airlines i'm in disney and gm at some point and probably soon, people will take some m

house in the last half hour or so in that meeting along who i mentioned, the head of jpmorgan, jamie dimonthe head of walmart, doug mcmillon, along with ceo's of lowe's and gap. the president saying off the top they would talk about four major issues, the economy, the rescue package, infrastructure and the minimum wage potential increase. the president saying in his words that the american people are hurting and are in some cases in real trouble. he continued his push for a massive relief package. >> i think we're in a position to think big and move big and move in the direction that can be not only get the economy back on its feet but we have to get people well before we get people on their feet. reporter: still awaiting a readout from the white house what was actually discussed in that meeting. as for the stimulus package, connell, the white house saying today the president not only supports the 1400-dollar checks which we knew, but supports what the democrats coalesced, keeping threshold income the same as prior payments, 75,000 for individuals and $150,000 for a couple. connell: i want

street bets seems very much against silver because they want people to continue to hold gamestop with dimonthat is a better place for them. commodity markets are an unproven game for them. i also think -- the silver market is prone to conspiracy theorists. i wonder if there is not some level at which conspiracy theorists are using this. but with all of that said, there were more than 10,000 uploads on the original post saying -- let's push silver higher. there is some by you in. anna: initial -- there is some initial buy in. anna: there was a knock on effect. the short squeeze. it had broader market read across. do we see any of that with the silver push higher this morning? eddie: not yet. there are two things i would like to highlight. the silver market is oversupplied. this is an oversupplied market and it has been for years. the second thing with the silver market is that it is larger than some of the other commodities. i don't know -- i think it will be difficult to get the same domino effect that we did with a single stock. matt: eddie, thankery much. eddie van der walt, from our mark

getting at when he $5 billion help, the president and his team met with ceos including jp morgan's jamie dimon and doug mcmillon. >> we've already lost over 450,000 people. we will lose a whole lot more if you don't act decisively and quickly. a lot of children are going to bed hungry, a lot of families are food insecure. they are in trouble, and that's my job. the senate has their job. paul: joining us is our congressional government reporter, emily wilkins. are we seeing some risk emerging now with the democrats? emily: there has been a lot of discussion on exactly how much the direct checks to americans should be. there are a couple of differences within the party, but it seems like the biden administration has hit on what they'll be suing in congress, that's the $1400 check going to individuals and married couples but making sure they will not be sending them to families making more than $200,000. that's a little bit of an adjustment from the previous proposal that we saw from biden. shery: we continue to see new elements of the bill from all these congressional committees. what are the hi

i was talking to some people at jpmorgan, and one of the motivating reasons jamie dimon was telling people divorce rates were going to go through the roof if people couldn't get back to the office. for that very reason, president biden should put all that $1.9 trillion into getting vaccines into everybody's arms so we can go back to work, we can spend money, and we can keep the divorce rate at a reasonable level. that's -- [inaudible conversations] [laughter] neil: [inaudible] >> as you know, the gamestop trading frenzy is not over yet with robinhood and reddit and the insane amount of trading that went into those stocks as we were reporting. there's going to be some regulation, there may with more congressional hearings. and one of the fallouts from this whole thing, and i think it's odd but it's likely to happen, is short selling may be curtailed, when you profit by doing a stock-trading maneuver when shares decline. that is the on the docket to, essentially, get more regulation. and now the short sellers are fighting back, and one of the most prominent short sellers in the world, his na

. >> wasn't jamie dimon one of the biggest vocal critics? i think out there with warren buffett of bitcoin calling it a hoax or a fraud? so does it suggest that they've changed their tune completely? >> so he's called it a fraud that will blow up and warren buffett as you well, rat poison squared. so this is in the 2017 time frame. and you got to remember, three years in the context of crypto is, you know, a decade in the regular world, and you know, he's personally said he regretted saying that. so we'll get that on the record. but specifically, look, i'll give you an example. jpmorgan has a mobile only bank in the u.k why are they doing that? they're experimenting. they know they cannot afford to be closed minded about innovation they can't be close minded about these new technologies and if clients like it, they're going to say it's not up to us to decide whether or not this is good or bad for jpmorgan if our clients want us to be in this, then we will have to join them on this journey, and that's essentially what pinto has told me >> gre

millions of dollars if world health organization accountability act number one not giving you another dimon, taiwan outing to be a member to take good action or citizens they did the opposite we've got to hold them venl very disappointed biden administration don't appear to want to hol anybody accountable they want in every country club every parade, so they're -- world health organization no accountability. >> not only that but trying to sell us this bill of goods that tells us that coronavirus did not happen as a result of accident in a wuhan lab, juror tom cotton worked on this your colleague in the senate and said it is, obviously, that it likely did come from the wuhan lab, what once they knew the severity of this actually allowed it to escape their borders, by closing off travel, leaving travel out of wuhan to the rest of the world open. so senator, what -- will the biden administration do about this. >> nothing. i mean the biden administration had same opportunities to hold communist china whvbl joe biden was part of obama administration never held them accountable want to make frien

with some of the biggest business leaders in america to talk about stimulus spending jpmorgan's jamie dimonm covid. joe. >> someone did tweet about bitcoin. and i have confirmed it, andrew. >> what's that >> i see it right here someone did tweet about bitcoin. i have confirmed it. the blue check mark is there person has 8.4 million followers, lindsay lohan tweeted bitcoin to the moon. exactly two hours ago to her 8.4 million followers. so, you were right -- >> not the same reaction when elon musk tweets that. >> you're right. someone did tweet. what's funny, i'm looking at melissa lee follows lindsay lohan. >> for some reason, every time bitcoin goes up, we try to explain why it goes up >> no, we don't, no, we don't. >> 10,000 -- elon musk -- >> every last little tweet of some person. >> okay. up 3%. you micro analyze the 3% move. you'll get a long way with that. >>> new jersey hitting a covid vaccine milestone. 1 million doses administered the goal is to get 4.7 million vaccinated by the summer for more, let's welcome in new jersey governor phil murphy from new jersey we'll try to save som

for example, later today he and his treasury secretary will be meeting with business leaders, jamie dimon few. tomorrow he heads to the pentagon and i'm told there will be a focus on black history month and thursday he visits the national institutes of health. the key focus will be on the fight against covid. craig, privately when you speak to officials at the white house and the president's allies on capitol hill, there's some real concern that this impeachment trial could slow the momentum for trying to get the covid relief package passed. it's already facing some headwinds. democrats signaling they will have to go it alone without republicans through mat new ver known as reconciliation. there's even disagreement within the democratic ranks, the direct $1400 payments that president biden is proposing, there's a push to make them more targeted and some of the progressive branch of the party not on board with that. it is a package that still has some hurdles to get through before it is passed. each day that this impeachment trial goes by doesn't necessarily help. knew i have been speaking