>> dimon: barely.s the most prosperous economy the world has ever seen and it's going to be a very prosperous economy for the next 100 ye >> stahl: dimon's even unfazed by the trade war and president trump's imposition of tariffs on china. >> dimon: i've been in chi and the chinese will say, he brought us to the table. >> stahl: you know, the tariffs, it's like a bomb that you detonate and the problem is it falls on you. the bomb falls on them, but the bomb falls on you. >> dimon: the risk of tariffs was that-- that it ends up being more a trade war as opposed to a quietly negotiated thing. it has to be resolved. this is not going to war, okay, this is trade and economics and resolution would be a good thing. and so i hope that takes place. >> stahl: china is the far eastern frontier of dimon's global financial empire that he oversees from his office at j.p. morgan chase's headquarters in new york city. this is vast. this is the heart of the bank's empire. little trading is done on the floor of the new

of the economy because been hollowed out because 2 of the likes thanks jamie diamond course jamie dimon is the head of the biggest bank in the world certainly the biggest bank of america as well and he is saying 1st of all that trump is going to win in 2020 because you don't have a booming economy and a president incumbent who loses 2nd of ah yes it's the consumer spending leslie stahl should have followed up of course when he said this is the greatest economy ever she should have asked him why then as the largest participant in the repo market the largest bank in america is the fed having to intervene to the tune of up to $200000000000.00 every single day in the repo market jamie diamond why is that happening if everything is so great well the measure of a booming economy according to lesley stahl 60 minutes jamie dimon is the ever increasing number of billionaires but there is a point where you have to understand that for every billionaire it's a disenfranchisement of a 1000000 people it's a it's not the same as having an economy generating prosperity with some kind of equanimity acro

that's what i like about jamie dimon. everybody else seems to be thinking >> well, absolutely. he's always someone that does that on all sorts of topics, as we heard in another part of the interview. i think more broadly, a theme that came out in those six or seven minutes is one that we've heard, whether it was with leon cooperman, with ray dahlia or many others on our air over the course of the last couple of weeks where some of the wealthy do feel vilified it's more than just a sense that politicians are saying taxes need to go up for the wealthy. that the criticism has gone further and jamie dimon there also outlining that he was willing to pay more tax. in fact, he expected it and has mentioned the increase for negative income tax and something that he would believe in but at the moment, there's just this depressingly wide gap between the two sides. even if there's a lot that they could agree on >> well, the gap is very clear, right? based on your part it's either, make wealthier people poor through increased taxati

you want to do any penance do you feel guilty don't you want to confess to the fact that you jamie dimon were on the board of the new york fed when you at the new york fed decided to bail out j.p. morgan to the tune of hundreds of billions and on the other banks fundamentally change the character of america by strong arming and pressuring eric holder. the attorney general introduced the holder doctrine which says that there's 2 tier system of justice in america and there's no rule of law if you're jamie dimon and the bankers on wall street this is trickle down to the general population is boston under 50 years ago there's looting at the top there's going to be looting all across the nation all across the society so when you look at the crime sprees when you look at the public def occasion when you look at the public lawlessness if you look at the riots on the street that's because at the top is the genda set by jamie diamond who's saying look at me i'm a crook and i'm a billionaire you can be a crook too and you make $20.00 so it's a crooked awful cesspool which is poster child is frick

and a rising living standard this is a 0 sum game played by interest rate apartheid games by jamie dimon and his cohorts on wall street or moving for example hundreds and hundreds of billions of dollars from pension accounts to their pockets using ultra cheap manipulated interest rates we now know that interest rates whether it's live or or the bank of england or the fed they are engaged in a racket tearing and that's why jamie dimon is being prosecuted for racketeering because he manipulates gold silver bonds stocks currencies is a racketeer that's what he does to be clear jamie dimon himself is not but 3 executives at j.p. morgan senior executives be. charged with racketeering within j.p. morgan leslie stahl then went on to ask him about the fallout from the financial crash and the lack of any sort of justice there he said there was no old testament just as a lot of people lost their reputation and money but too many people didn't so of course she didn't ask them as a follow up well don't you want to do any penance do you feel guilty don't you want to confess to the fact that you jamie

charles: curious. 10 people, like, jamie dimon walks in the room.hey're like i'm the man, get in the back of the line. >> when jamie dimon went to work for sandy weill at travelers. we thought it was crazy. we thought that was the path going down to make money. charles: he could make a lot more money doing it differently. heather to that point -- >> having a hard time feeling sorry for jamie dimon. >> i'm not feeling sorry for him. >> benchmark is the classmates. charles: let me share one other clip. when they were talking about the consumer, the economy is getting bigger, being driven by the consumer, this is where the wage argument comes more into focus. >> the consumer, which is 70% of the u.s. economy is quite strong. confidence is very high. their balance sheet is in great shape. you see that the strength of the american consumer driving american economy and global economy. business slowed down, my current view, no, it was just a slowdown, not a petering out. >> you sound pretty optimistic about the economy? >> i am. charles: lesley stahl says

do you agree with jamie dimon's sentiment. >> not quite. the way things are headed, it's not quite as robust as it has been in the past. we've had a subpar gdp the last 15 years, you want to look at it. but we have a hard time going out one year, much less 100. maria: so what does that tell you about where we are? are you worried about a recession? are you worried about the he slowdown deepening? >> we are in this respect. the numbers keep sliding a little bit every quarter, if you look at the underlying portions of what drives the economy. the consumer is what everybody falls back on but the consumer can fall off at any time and they are a big driver, don't get me wrong. but they're only one driver. if you look at cap ex from corporations and various things, that's not working right now. so we've got our eye on it. i'm pretty sure. i'm not certain i would call a quarter a a recession but it's slowing more than it was a year ago. >> you mentioned cap ex sliding. is that 100% about the china trade dispute and does that turn around or is ther

jamie dimon makes $31 million.million jamie dimon runs the largest bank in the united states by assets, second in employees, 200,000 employees. he has done a fantastic job. he is worth every penny of $31 million. i'd rather it be in his hands than the federal government's hands because i'm certain that jamie dimon plows it back into philanthropic causes and otherwise makes productive use of his capital. >> seth, lesley stahl probably makes 50 to 100 times what the average cbs worker makes do you think that tv anchors that not even write their own questions, should there be a pay cap on tv anchors like that would you think? >> i don't think there should be a pay cap but there should be steeply progressive taxes on people who make tens of millions. >> if i would have been jamie i would have asked her that question. >> what is jamie worth how much should jamie make a year >> the thing with jamie dimon, i don't know the board sets my pay. who -- you know, like he has absolutely nothing to do with selecting the people t

elizabeth warren slamming back at jamie dimon.ple. the trump administration is working to curb the vaping

jamie dimon. here. >> we're in london and i have to start with a question on the state of play here how much is your optimism on and commitment to the uk more widely weighing since brexit and the three years of political mayhem since. >> we love being here. this is a fabulous city a global melting pot, unbelievable talent and stuff like that. we're devoted to london. obviously the british people will decide what form brexit takes and, you know, the negotiations even after brexit i think would be very tough and complicated and we're devoted here over time brexit will cause a die m diminishing of the financial center, it will not be quite the powerhouse it was. >> switching focus to earnings and jpmorgan more broadly. your recent revenues rose 8% year over year most of your rivals were flat. in fact, that kind of continued a theme of the last few years of your out performance is it harder to make those market share gains moving forward? >> yeah. i've said the competition is falling back remember rev

jamie dimon spoke to lesley stahl of "60 minutes" in his own defense. >> so, elizabeth warren said in iowa the other day, "our democracy has been hijacked by the rich and powerful." and you jumped in and said this week about her, that she was vilifying successful people and having harsh words for wall street bankers. >> what i was commenting on was that anything that vilifies people, i just don't like. i think, , you know, most people are good, not all of them. i think you should vilify nazis, but you shouldn't vilify people who worked hard to accomplish things. and so, my comment is i think it is american society, we are just attacking each other all the time. >> she said that "the system is working great for the wealthy and well connected," and "jamie dimon"-- she brings you up-- "doesn't want that to change." >> i'm not going to comment on anyone in particular. >> but she is commenting on you have become a target, whether you want to respond to it or not, you are her target and you are alexandra ocassio cortez's target. >> i understand that a person is going to be a target in this

that is something you heard jamie dimon also address.lor: you know, another story that caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that said basically, put down a little bit of a deposit on margin and you get infinite leverage. there is a glitch in the system. what is it? sonali: basically, you have a certain set of robin hood users who are selling calls and that money is being counted in that user's capital. and so, this is such a timely story. 2020, away from money thousands of people were meeting about the future of fintech. once we are borrowing from a firm, you're becoming a bank and a personal hedge fund. you are sitting here and having to deal with issues as you scale and grow. robin hood, as we know, is trying to not only grow but has considered a banking charter. this never looks good in between, but they do say it is isolated. that said, the users that have been doing this say they have levered a $4000 investment into a million dollar investment. they are

elizabeth warren slamming back at jamie dimon. after the jpmorgan ceo says the democratic front runner is vilifying successful people. the trump administration is working to curb the vaping crisis that juul ignored evidence that teens could get hooked on the product. what the white house is doing to stop the opioid epidemic. all that and more on making money. ♪. charles: when these markets make all-time highs, we get the same call, consolidation. the what's spin a little bit more. investors start to stake out the next move. you add to the backdrop of china trade, we're coming out of earnings season. in fact a report on china trade that trump and xi, they will meet to sign phase one. it might be delayed until december. but the question now is, should we be chasing the winners or should you look at losers for opportunity? i want to bring in crescent founding partner, chief investment officer jack ablin, kaltbaum capital management president and fox news contributor gary kaltbaum. let's start with the idea here if you missed this ral

that is something you heard jamie dimon also address.aylor: another story that caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that put down a deposit on margin and you get infinite leverage. there is a glitch in the system. sonali: basically, you have a certain set of robin hood users who are selling calls and that money is being counted in that user's capital. this is such a timely story. we are a week away from money 2020 now. thousands of people were meeting about the future of fintech. once we are borrowing from a firm, you're becoming a bank and a personal hedge fund. you are sitting here and having to deal with issues as you scale and grow and robin hood is trying to not only grow but has considered a banking charter. these glitters -- glitches never looked good but they say it is isolated to certain users. the users that have been doing this say they have levered a $4000 investment into a million dollar investment. there are insane trades we are seeing that lots

from several top 2020 democratic contentors now jpmorgan chase ceo jamie dimon fighting back.ns in new york city. we have the incredible story of one vet awarded medal of honor by pre

yesterday i sat down exclusively with jp morgan's ceo jamie dimon and asked him about senator warren'sagainst big business and capitalism here was his response. >> you really have to ask her what she really means. she used some pretty harsh words, some would say vilifies successful people. i don't like vilifying anybody we should applaud successful people a lot of people come to this company for opportunity, choice and success. we want that for everybody that's a little different than paying your fair share and how the taxation system should work. that, i completely understand. america was founded on free enterprise freedom and free enterprise are interchangeable. you can't separate them from each other it doesn't mean they can't do more it doesn't mean they didn't make mistakes but i think we should applaud that and people have very specific things we should do different, then we should think about doing them different. >> senator warren tweeted in response last night saying, quote, it's really simply, jamie dimon and his buddies are successful, in part, because of the opportunities w

that is why jamie dimon at jpmorgan sticks out on that list.end grower at the bahnsen group. jamie dimon has been a wonderful evangelist for the cause of freedom and markets. charles: bob iger, last couple times disney reported, one of the things that moved the needle with the stock was him extending his contract. again, to your point, it is a company that is going on 100 years old. they have had a lot of leadership there. but, i guess the question is, is it built in a way that despite the factual street may lament his leaving, that it will be okay for long term investors to ride out the short-term wave? >> this is the responsibility of a board which i would add are well-paid board of directors to have succession planning in place. when you have something, when there is a scandal, when you have a premature death, obviously board of directors can get caught a little off guard. with something long-awaited, case of iger at disney, multiple times delayed retirement there is ample opportunity for them to have a proper succession plan in place. we ha

the reason the system works for jamie dimon and those like him is because they believe they can and they believe in the opportunity and take the initiative and get it done. if you have the scarcity mindset that you are a victim you will not get it done. the system that doesn't work, funny enough, is the government in terms of everyone to be in this is rich, no pun intended. the top 1% pay more than half a chilean dollars into the system and that's more than the bottom 90%. i'm pretty sure they are paying more than their fair share. >> that's one heavy-duty chip but there are already throwing-- look, if you had not put elizabeth warren name on the tweet it is remarkably like trump and its intolerance and dismissiveness of anyone who disagrees with carpet in this case, jamie dimon, i don't know if he's declared as being a democrat but certainly more likely to be - you know, he's on the same team here but elizabeth warren has done what politicians and anyone does who wants to vilify their opponents basically thrown down a marker that says anybody in a position of privilege who disagrees wit

deirdre: jamie dimon diswrown playing downplaying the effect of the u.s. war. >> i've been to china and they would say he brought us to the table. this has to be resolved. it's not going to war. this is trade and economics and resolution would be a good thing. so i hope that takes place. deirdre: president trump dismissed reports of the u.s. lifting tariffs on china as inaccurate. but here's what he said in total, in context about the trade talks. >> they're moving along. they moved slowly, much too slowly for me. but they want to make the deal much more than i do. but the trade talks with china are moving along i think very nicely. we make the deal that we want, it will be a great deal and if it's not a great deal i won't make it. but the trade deal is moving along and china wants to be there. deirdre: beijing is continuing to negotiate terms of phase one of the trade deal. lauren: chinese consumers don't appear too phased about all this talk and even data shows an economic downturn in china. the e-commerce giant alibaba setting a sales record on november

that is something you heard jamie dimon also address.tr: another story caught our attention here as we look at the tech landscape has been robin hood markets. there was a story coming out that said basically, put down a little bit of a deposit on margin and you get infinite leverage. there is a glitch in the system. sonali: basically, you have a certain set of robin hood users who are selling calls and that money is being counted in that user's capital. this is such a timely story. meetings of people were about the future of fintech. once we are borrowing from a firm, you're becoming a bank and a personal hedge fund. you are to deal with issues as you scale and grow. robin hood is not only trying to grow but has considered a .anking charter the users that have been doing this say they have levered a $4 million investment -- a four dollars investment into a million dollars investment. taylor: going back to derivative coveredo learn about calls. bloomberg'sore from tesla model three survey. we dive into how many users feel safer with the a

jamie dimon didn't get where he is by being stupid. smartest thing he had done, if he looked around that doesn't end well for anybody. the bottom line, he is looking at this a fair, objective observer of the economy. he is as good as it is looking at the economy for many reasons you cited earlier. if he is going to be honest to his customers and to his investors which he has to do -- >> by law. >> what else can he say? melissa: yeah. >> i think that is important. melissa: that is a great point, some people talking about the economy, they're talking politics for him. he will get in legal trouble if he says something that isn't a accurately reflected. >> yep. melissa: let me bring this to you. he was touching on the wage gap in america. here is what he said on that front. >> i think it's a huge problem. i think the wealthier have gained too much in many way. >> executive pay, last year you were paid $31 million. too high? >> the board sets mine. i have nothing to do with it. >> well you could return some of it? >> i could. is that going

jamie dimon at jpmorgan fought back on that. >> i think most people are good, not all of them.d vilify nazis. but you shouldn't vilify people who work hard to accomplish things. american society is attack each other all the time. the notion that i'm not a patriot is just dead wrong. trish: you can't and patriot if you worked hard and managed to make a lot of money. and pay a lot in taxes. >> right. trish: elizabeth warren -- i ask go on all day about all of this. but quickly before i let you go. elizabeth warren is not doing so bad herself. she has $12 million in estimated wealth. apparently crusading for the middle class comes with a big paycheck. >> you have another billionaire, mark cuban, who called her out on twitter for being a hypocrite. depending on her audience she'll talk about her struggles as a young girl or put on her harvard professor privilege hat. she is trying to play both sides and she is getting called out by her own party. trish: bloomberg getting in could help help liz beth warren. if elizabet liz -- -- i predictf elizabeth warren is the nominee of the demo

from several top 2020 democratic contentors now jpmorgan chase ceo jamie dimon fighting back. honoring our nation's veterans, primp, addressing veterans in new york city. we have the incredible story of one vet awarded medal of honor by president overseas. streets of hong kong, descending into sheer chaos. the violence getting worse at least one protestor shot, another set on fire. to iran could claiming they found a new oil field, with 50 billion barrels of oil as the economy there all but crumbles,. i am melissa francis in for elizabeth macdonald, the "evening edit" starts right now. melissa: tomorrow the supreme court will decide if deferred action for childhood arrivals, daca, will be upheld after trump administration started to phase out the program in 2017. hillary vaughn is in washington. reporter: the supreme court will review argument for and against daca phase out over 700 dreamers have benefited from, supreme court will hearing arguments whether trump administration is legally fade out the daca program that was started under obama administration. lower courts have e

jpmorgan jpmorgan chase jamie dimon latest to speak out? >> i think it's a huge problem, the wealthy gained too much in many ways, middle class incomes have been flat 15 years or so that is not particularly good in america. >>s that year you were paid $31 million. too high? >> the board sets mine. i have nothing to do with it. >> you could return some of it. >> i could. would will that resolve any problems. >> i don't know. >> anything that vilifies people i don't like. neil: "real clear politics" associate editor, a.b. stoddard. it is fashionable to bash the rich. some like jamie dimon are bashing back or trying to. where is this issue? >> it is interesting, when you listen to fund-raising woes on the democratic side, a lot of investors telling party stalwarts, look if elizabeth warren is the nominee, we'll sit on the sidelines. she is very scary, "medicare for all." that has resonance. "medicare for all," i think if she didn't get the nomination it will be because "medicare for all." she is telling 200 million americans she will take thei

we'll watch that our phil lebeau talking boeing meanwhile jamie dimon defending executive pay.cutive pay. last year you were paid $31 million. too high >> the board sets mine i have nothing to do with it. >> you could return some of it >> i could, it's not going to solve any of those problems. i'll leave it to the board to solve my comp. >> you've answered every one of my questions, but this one you're falling off. >> the board has to do it. >> let me ask it in a general way. should executive pay in this country be curbed? >> what does that mean >> cut back? should there be a way to say we'll not going to have such a spread between our workers a the guy at top >> when you say something like that you have to say how are you going to do, what makes sense. you use the tax system to do that would i not have cut the tax on rich i would raised the earned income tax. >> we talked last hour jim's point is the he had should have said i've made a lot will have money because i made people a lot of money you can't say that about a lot of other ceos who lost market cap and haven't made peop

all work together and i don't mind if a few barbs are thrown my way by anybody. >> that was jamie dimonn "60 minutes. uber ceo is backtracking after calling the murder of khashoggi a mistake. referred to it as a fatal crash by one of the company's self-driving cars. he called back an hour after the interview expressing his regret for what he said and later e-mailed a statement saying, i said something in the moment that i do not believe. >>> and ali baba said it set a new record for its single day shopping event sales so far have topped $30.5 billion. alibaba expects more than 100 million more to participate than last year. >>> the hotly accepted ipo we're live in abu dhabi coming up next. >>> boeing may deliver some 737 max jets to airlines as soon as next month and later on, what instagram is doing that may spark some millennial outrage a very busy hour still ahead when "worldwide exchange" tus tethis so good! high protein. low sugar. mmmm, birthday cake! pure protein. the best combination for every fitness routine. doprevagen is the number oneild mempharmacist-recommendeding? memory

morgan jamie dimon crushed it the way i see it, you have to look the a ceos like the boss f you're aake a lot more than he's making now. how about dennis mull enberg at boeing very different first when he was asked about how long how you would take the package giving the catastrophe, he also said it was up to the board. then after soul searching, he asked the board to waive the bonus. that was the right thing to do when you look at their strong performance this year, i'm talking about the stock, i think he's doing a good job all things considered especially when he gets the planes in the air safely and the time line disclosed today. don't get me wrong, income inequality is a real problem in this country there is a reason that elizabeth warren is the front-runner the problem is not ceo pay i think it is everybody else's pay. we should consider higher tax on the rich or higher minimum wablg wa wage i don't know the right answer. i think there are better approaches that up end our system of free end prize than i this i is better than every other country. stick with cramer. tom steyer: w

dimon jumped right in.u run a corporation. he's right. if you have to ask the government permission to operate and you are forced to change the way your company is governed and the government tells you who takes the profits and which workers to hire, you really have fundamentally changed american business. dimon went on. quote, she uses some pretty harsh words. i don't like vilifying anybody. i think we should applaud successful people. come on. isn't that the point? financial success gets no respect. the socialists of this worldpeddlea harsh message of jealousy and confiscation. you've got more than me, it's not fair. we will take it off you. the socialists make us all victims. it's good to see jamie dimon pushing back. successful people should not stand quietly by and let the socialists destroy our prosperity. >>> the third hour of "varney & company" is about to begin. stuart: you know, i think we need some reaction to that little rant of mine. who better to give it than anthony chan, the former jpmorgan

let's get to jamie dimon talking on "62 minutes." -- on "60 minutes."s what he had to say. >> anything that vilifies people, i just don't like. i thing most people are good, not all's. we shouldn't vilify people who work hard to accomplish things. >> she said the system is working great for the wealthy and well-connected, and jamie dimon doesn't want that to change. >> i'm not going to comment on anyone in particular. >> but she's commenting on you. you've become a target, whether you want to respond to it or not. your her target, and you are -cortez'sa ocasio target. >> i understand i will be a target in this day and age, but the idea that i am not a patriot, that is dead wrong. my view, let's all work together. i don't mind if a few bombs are thrown my way by anybody. >> your tough. >> i'm not that tough, but i know how to get through it. sonali: i thought it was a surprise that jamie said he wasn't that tough. it's a really timely discussion of jamie dimon, who did bring in the second-most pay he's ever brought in at the end of last year after a reco

also coming up, jp morgan jamie dimon warns there is still risk ead. you can see relationships. connections. patterns. you can see what others can't. ♪ rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >> welcome back to the show. the deal worth potential slally $7 billion all eyes are on the company's cheap executive and largest share holder who could roll his 16% stake in the deal to help finance the transaction. walgreens shares still ended the day up jamie dimon sounded a positive note but warns macroeconomic risks remain >> the consumer, 70% o

the cbs: dimon was on news program 60 minutes and downplayed the probability of a recession.eresting, the presenter of that show tried to push him more, saying, what about giving up some of your compensation? he wasn't biting. joe: no one thinks they are undeserving. also his idea, me giving it back, how will that help the overall situation. the minute you turn a billionaire, you become worried about income inequality. joe: there's is probably some barbell. there are people who are struggling who are worried about it, than people in the middle, then billionaires talk about it a lot, but not so concretely. they are very concerned about it. caroline: warren buffett, he has talked about giving away his money. joe: i get the impression that some of them would trade a slightly higher tax rate to avoid the elizabeth warren 6% wealth tax. caroline: now, the much-anticipated disney plus launched -- launches tomorrow in the united states. marvel, pixar, all eyes will be rack upuickly they can the subscribers. l.a. bureau chief chris. won over theey has investor base. they like disney

dimon was asked about his salary last year, which came out to $31 million.so pressed on whether he took any responsibility at all for jpmorgan's role in the financial crisis, which of course is one of the major reasons voters are so angry at wall street. and he changed his answer within seconds. >> do you take any responsibility for the financial crisis in 2008? >> no. >> but your bank sold those same kind of mortgages. >> we've - >> toxic mortgages >> i do take some. [ laughter ] >> seth: he dancing around that question like bill gates in '95. [ laughter ] people aren't just mad at billionaires out of jealousy or because candidates demonized them they're real world examples that are informing people's doubt that's the wealthy can solve everything just take mark zuckerberg. facebook recently announced that it won't fact check political ads. and when zuckerberg was grilled by alexandria ocasio-cortez about that decision recently, he had no answers >> you announced recently, that the official policy of facebook now allows politicians to pay to spread disinform

amy: senator warren fired back tuesday, tweeting -- "it's really simple: jamie dimon and his buddies are successful in part because of the opportunities, workforce, and public services that we all paid for. the fact they've reacted so strongly -- so angrily! -- to being asked to chip in more tells you all you need to know. the system is working great for the wealthy and well-connected, and jamie dimon doesn't want that to change. i'm going to fight to make sure it works for everyone." on capitol hill, u.s. ambassador the europopean union gordon sondland now says there was a quid pro quo that precondition the release of military aid to .kraine gordon sondland is a wealthy hotel magnet in real estate developer in oregon who received the ambassadorship after donating $1 million to trump's inauguration. last month he told impeachment investigators he never thought there was a precondition on the aid, but in a sworn statement released tuesday, gordon sondland reversed himself writing "i said that resumption of the u.s. aid would likely not provided thekraine public anticorruption statemen

global what the john karr is on scandal that jamie dimon was what forced a similar liquidity squeeze at the time he went ahead of all the other creditors in a way that's actually unprecedented in some i was an illegal and caused that crisis and the london whale of course j.p. morgan another egregious transgression of law to fill jamie dimon stock as he's become a billionaire in the last couple years just by nicholas bombing people to death you know the thing about capitalism and free markets is that there should be an element of risk right just on a planned economy it's supposed to be a free market economy where entrepreneurs take risks with j.p. morgan enough last year i think there was 4 or 5 months straight in a row where they made money on their bets every single day a cyclist in a coin and having it heads continuously every day for 4 months without a single tails so that doesn't imply that they're taking any risk here once again they're just manipulating the architecture of the system to milk to bilk to extract and what does that do to the liquidity of the system as a whole if y

and i agree with jamie dimon.body has a great idea, and they follow it through and they work hard and they building is, good for them. here's my view. you make it to the top, to the tip top, then the answer is pay a wealth tax, so that we can invest and create opportunities for everyone else. ed: she wants billionaires because she wants to tax them. jedediah: give all your money back. griff: take something out of your bank account that's a wealth tax. >> one word for that, griff, the word is confiscation. that's what that is wealth tax confiscation. it's not worked in europe and not going to work here. the billionaires that i know and speak with all the time, they are not afraid to pay more in taxes. they will happily pay more in taxes. but when you come up to the fact that then you want to keep taxing and keep taxing. it's a slippery slope. and then start counting their dollars. that's what bill gates said last week. by the way, when you talk about all these pie in the sky ideas like the green new deal. like medi

their criticism is exclusively behind closed doors, but jamie dimon said this out loud. >> she uses sometty harsh words, some would say vilifying. i don't like vilifying anybody. >> warren wears the criticism of banker like a badge of honor tweeti tweeting dimon and his buddies are successful in part because of the opportunity, work-force, and public services that we all paid for. earlier this year she released a wealth tax plan aimed a at the most fluent americans whose net worth is $50 million. that defunds several of her proposals including her universal child care and medicare for all plan, critics saying her plans could not be paid for just by taxing the super rich. >>> now, joe biden is going on the attack against his chief democratic rival senator warren as well calling her an elitist and out of touch, the former vice president responding to comments she made after her funds were dismissed as mathematical gymnastics. >> if anyone wants to defend keeping those high profits for insurance companies and those high profits for drug companies and not making corporations pay a fair share

morgan chase and jamie dimon is one of my homewrecker's because they also operate with a debt. they are not spending their own money. no. they are getting it somewhere so the biggest lender for these mortgage-backed securities including on the homes in my book was chase. chase is important because it's the biggest bank in america financing the mortgage-backed securities also pulling out of the fha program that makes loans to working-class families. so it made way more loans to tom barrett's company, one company than it did to every working-class family in america through the fha program. but they said we are making loans to other banks the government is too big of a hassle so we looked at the lending and we found that lending was not only down from the peak of the bubble that even from the best one - - the busted had gone down dramatically now they are investing in wealth management and boutique products and then in dc they play a game where they claim to not have a branch because of a have a branch than they have to follow the community reinvestment act to require them to lend

. >> we will have plenty of time after dimon cooperman lazry this week on our air.gton post" reports that a sources close to her campaign love it. love that people are coming on our cnbc and weeping over her -- >> she has a soft spot for dimon, who by the way hired more veterans than anyone in our country other than starbucks and elizabeth warren has never been that interested in the technical breakout of 130, but i am. >> it's always worth pointing out that at this point in 2004 or '3, iowa, this number -- >> oh god, you are doing that again. >> it was polling at 4% and howard dean. >> david, it's called a horse race. >> four years ago it was kristi's tee, john kasich, ben carson, carley fiorina >> i used to love tponies, it's the first term. >> how you will address income and equality in this country, it's an enormous issue whether or not elizabeth warren will be the nominee, it's -- >> i may have to have senator warren debate jamie dimon in my conference. >> that would be good. >> at my conference, a mythical conference >> at my alma mater, i'd like to have a who

jamie dimon interviewed on "60 minutes" last night.red at the far left for attacking his wealth. roll that part of the tape. >> anything that vilifies people i just don't like. i think that, you know, most people good -- not all of them, you should vilify nazis, but you shouldn't vilify people who have worked hard to accomplish things. i think it's american society, we're just attacking each other all the time. i understand that a person is going to be a target in this day and age of certain poll decisions and stuff -- politicians and stuff like that, but the notion that i'm not a patriot, that's just dead wrong. my view is let's all work together, and i don't mind if a few barbs are thrown my way. >> wealth is created because people work hard, and to disparage that in some way is, frankly, pretty un-american, not true to values we have built this country on. michael bloomberg, he was 40 something years old, he got fired from bear stearns. he could have just checked out, right? what does he do? he took the money he had gotten from bear

their criticism is usually behind closed doors, but jpmorgan chase ceo jamie dimon said this out loude really harsh words. some would say vilify. i don't like vilifying anybody. i think we should applaud successful people. >> warren wears the criticism of bankers like a badge of honor tweeting jamie dimon and his buddies are successful in part because of the opportunities, work-force, and public service that we all paid for. it's only fair that he and his billionaire friends chip in. i'm going to fight to make sure it works for evan. earlier this year she released a tax plan, a wealth tax. >>> college basketball season tipping off with a sensational opening night. the top four teams meeting at madison square garden. >> andy scholes has more in this morning's "bleacher report." hey, andy. >> good morning, guys. what an opener. this is the first time since 1992 the top four teams in college basketball face each other on the same day. we got it on the very first night. now, michigan state, top ranked team, to start the season. they were taking on second ranked kentucky. wildcats with two

when we reached out to jamie dimon he said these brave men and women have great leadership qualities demonstrate exceptional teamwork we're fortunate to have them as colleagues and salute them do you think it's a coincidence that jpmorgan is the best run bank in america with a stock that's up 30% for the year when you look at the raw numbers. home depot stands out. 35,000 veterans on the payroll 10% of their workforce from 2011 through 2025 they spend half a billion on veteran related causes home depot knows it can do well by doing good. disney last night create quarter. more on that later worth noting ceo bob iger started a major push to employ retired service members in 2012. communicated with him before the show he told me he's hired more than 10,000 veterans and providing career support seems to be working out well for disney that stock was the best gainer in the entire s&p today. a lot of that is because they are doing this disney plus and i think it's going to be terrific. southwest airlines this whole industry loves military pilots. southwest has over 8100 employees who served

callsann: jamie dimon income inequality in the u.s.s public deficit -- wasond was -- dimon interviewed on 60 minutes. he was upbeat on the economy and downplayed the possibility of a recession. bloomberg has learned that a wall street big and they're looking into goldman sachs' credit card practices, after a tech entrepreneur alleged that algorithms discriminated. goldman says it is possible for two family members to receive significantly different credit decisions. that is the bloomberg business flash. francine: thank you so much. let's stay with that story ouring us now, correspondent who covers anything financial for us. is this biased? a tweet was-- alleging that this algorithm was not right. >> there is the problem, he you have two major tech tighten saying the algorithm is a problem. one of them being apple's own co-founder. so steve wozniak is saying that he is getting 10 times the credit his wife is able to get. you have a problem there along with financial services -- along with the department of financial services in new york

all the time. >> she said the system is working great for the wealthy and well connected, and jamie dimonbrings you up, doesn't want that to change. >> i'm not going comment on anyone in particular. >> but she is commenting on you. you have become a target, whether you want to respond or it or not, you're her target and you're alexandria ocasio-cortez's target. >> i understand that a person is going to be a target in this day and age of certa piticians and stuff like that. >>> to texas, where a teacher is free on bond tonight after her arrest for assaulting a student. her violent outburst was captured on cell phone video. the state teachers association says they are horrified by the incident. here is meg oliver. >> reporter: the video is hard to watch. a substitute teacher repeatedly punching a female high school student, throwing her to the store and stomping on her head. consuela juarez is a student at the school. >> it mays me very angry. it makes me feel sad for that child. and then i feel like nobody can even get in to step in to help her because they were probably very scared. >> re