david solomon, if i understand correctly, many of the nuclear weapons we've been talking about in the 1900 ninety's, we're actually soviet weapons and the ukrainians had access to them. but the russians, at least in the early days, had the codes for them. do you think that it ukraine was wise to give up that nuclear power and did it actually have much of a nuclear power to begin with? well, i think that's a very good point. grove. i, indeed, they were so good weapons. they were based in ukraine and ukraine had physical access to them. but i also understand that there were some limits to their ability actually to, to use them or 22225 m. i also understand that meant a lot of it was already somewhat degraded and not in, not in very good shape. so my personal view, i mean, i perfectly understand why you brain feels extremely g, particularly from the guarantees that were given of their territorial sovereignty in return for letting the weapons go back to, to, to russia. but honestly, i, i don't think it was, it was viable for a relatively small country in the middle of europe to be nuclear

sonali: not only is david -- is jamie dimon saying that but also david solomon with his risk list, onethem accelerating deglobalization, and he said that plus inflation impact, the risk of rising rates, could be meaningful for markets. with that said, the backlog for morgan stanley and others is robust, stable, and -- simply prolonging activity in equities and the m&a market, and you saw that little bit today from that elon musk news. guy: let's talk about the outlook for advisory. musk is represented by morgan stanley, goldman representing twitter. on the earnings calls, the talk of m&a has gone down dramatically. sonali: as equity volatility stabilizes a little bit and valuations are suppressed, that gives some opportunity for private equity to start showing up. the other thing here is that you see billionaire led deals in elon musk. elon musk, by the way, has counted morgan stanley as a banker before. they have hired them to do many jumbo loans for his mortgages here. so you see the banks catering to wealthy individuals and corporate clients, finding chances for big deals in between

i believe in david solomon and his stewardship of the company i think it is a growth vehicle and it willuite well. i don't know if it will be the top performer, on risk reward basis, it is very attractive. >> i can't wait for stock draft. don't miss it. 2:00 eastern time. tyler said on power lunch. >>> up next, unusual activity, we'll be right back. hybrid work is here. it's there. it's everywhere. but for someone to be able to work from here, there has to be someone here making sure everything is safe. secure. consistent. so log in from here. or here. assured that someone is here ready to fix anything. anytime. anywhere. even here. that's because nobody... and i mean nobody... makes hybrid work, work better. - hiring is step one when it comes to our growth. we can't open a new shop or a new location without the right people in place. i couldn't keep up until i found ziprecruiter. ziprecruiter helps us get out there quickly and get us qualified candidates quickly. they sent us applicants that matched what i was looking for. i've hired for every role, entry-level technicians, service advi

aye covered every major ceo, jamie if die month -- jamie if die month, larry fink, david solomon, i'vesourceful. he is fighting, he's fighting back. and what's interesting about him is, from what i understand -- and, you know, we have a call in to amc spokesman, he has not gotten back to us -- he's looking at it like this: i'm pretty good at distressed investing because, guess what? i bailed us out. he believes that even before the apes came, now, the apes obviously bought the stock and gave him currency to do, essentially, secondaries and a all that. but even before that he believes he saved the country from -- the company from going into bankruptcy. he prevented amc from going under -- liz: because, of course, in the lockdowns every theater was shuttered, and he went from revenue to zero. >> okay. so now he believes he's pretty good at this whole notion of saving companies. what's a company worth saving. he's going to use those skills and the skills of his management team which, obviously, have been through the wars right now, to find these distressed investing. so how do you play th

goldman sack's david solomon highlighted seeing an increased risk of stagnation and mixed signals one an increase in credit losses from historic lows, of course, and they did say they would be a net beneficiary as they benefit from rising rates jamie dimon, this was yesterday, but he mentioned there's almost no chance you won't have volatile markets jane frazer talked about how the macro outlook for the rest of the year can only be described as complex and uncertain you pull all of those comments together and you really do have a concerned ceo group about what lies ahead, and it's important because bank ceos do have so many touch points within the economy that you have to listen when they sound the alarm. >> i'm curious your thoughts about wells fargo. i don't know if you heard our conversation with the cfo just a few minutes ago. jim cramer suggests execution problems the fact that they're not taking advantage more of their scale and lending more and that the misses came on things like fees and higher expenses what is your take there? because this one, there was a lot of hope as thi

. >> i mean, the average person is not saying what david solomon is worth.y're saying solomon is taking care of it that's why i sat down with him he's waiting for volatility. getting it. >> i don't know. >> yeah. that's where it coming from. the environment of raising rates is an opportunity. more than it is a challenge. >> yes thank you. leslie picker watching the banks. do you think mathematically jpmorgan sets up the banks this quarter or not >> i think if you're solomon, if you're brian moynihan you realize what you shouldn't say you say it's uncertain times but we got your back we'll have rising rates. we like the consumer and we're not as exposed as other banks to international repercussions. >> right. >> jpm is up about 2%. by the way quick reminder. get in on the cnbc investing club with jim. sign up or point your phone at the qr code on the screen. >>> we'll check bonds and treasuries pretty wicked 24 hours of comments from bullard and the ft this morning br br brainard with the journal yet. the 10 year below 2.7 yesterday. we'll be right back. this

these banks work but the cloud that really hung over these results was the broader macro backdrop david solomon year would be complex and uncertain and jpm jpmorgan's jamie dimon said there's almost no chance you won't have volatile markets. >> you've heard about the office monster? that's bank ceos who's the biggest office monster among the bank ceos today. >> what's the office monster mean i missed that conversation. >> they want every northbound the always all the time. >> oh. i mean i think notably it would probably be -- all of them really god man sax, everybody's basically back in the office morgan stanley really wants people back in the office. jpmorgan announced it's building the new headquarters in midtown. they're all refurbishing their spaces, look cool, and win the talent war and get people back i don't know how many of those plans were prepandemic or post pandemic as a way to come inside the office >> monsters. remember they used to be called the goldman muppets. >> monsters inc. >> we'll talk more with mohammed el area. ian. elon musk is usually more flame thrower. >> there he is