previously just reported to dimon.espite not being number one and clearly signals if anything happens to dimon in the short term he would take over. we all knew that part but signal as slight change in time frames we've talk and younger potential leadership candidates now really need dime ton stay a full five years to have a chance at being his successor. if it was more like three years, then it would probably be pinto who is 58, but would succeed dimon. so nothing massively new here, morgan perhaps a change around the edges in terms of potential time lines of who would take over when and certainly in the short term, pinto, the definite front-runner if anything were to happen to dimon anytime soon. >> yeah. great reporting, as usual, wil i wonder, a bank with such a strong bench of talent, what that change of timing could mean to that bench. >> yeah. i think, again, everyone else is a bit younger, and probably not desperate to become a ceo in the short term so i think they've still got quite a decent plan here in terms

jamie dimon, and tim cook, and all the rest. if you do business of china you are betraying america.d them out. tell us what you think. stay with us. much more ahead. with directv stream i can get live tv and on demand anywhere. look, serena williams... matrix... serena... matrix... serena... matrix... ♪ ♪ ♪ get your tv together with the best of live and on demand. introducing directv stream. ♪ ♪ 'tis the season to break tradition in a cadillac. don't just put on a light show—be the light show. make your nights anything but silent. and ride in a sleigh that really slays. because in a cadillac, tradition is yours to define. so visit a cadillac showroom, and start celebrating today. ♪ ♪ steve: bring in this week's closer lisa days back and has a new pullout. and how hateful and divisive the democrats have become. here are some of the details. 71 percent of college democrats say they would not going to date with someone who voted for the other party. as opposed to 31 percent of college republicans echo 37 percent of young democrats said they were not even be friends with someone compare

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jamie dimon, and tim cook, and all the rest. if you do business of china you are betraying america.ut. tell us what you think. stay with us. much more ahead. superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance. ow! i'm ok! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ only in theaters december 17th. (vo) for fourteen years, subaru and our retailers have been sharing the love with those who need it most.liberty. liberty. ♪ now subaru is the largest automotive donor to make-a-wish and meals on wheels. and the largest corporate donor to the aspca and national park foundation. get a new subaru during the share the love event and subaru will donate two hundred and fifty dollars to charity. steve: bring in this week's closer lisa days back and has a new pullout. and how hateful and divisive the democrats have become. here are some of the details. 71 percent of college democrats say they would not going to date with someone who voted for the other party. as opposed to 31 percent of college republica

but jamie dimon and david solomon have been front and center in wanting to lead this return to office. goldman sachs brought all employees back to the office in june. jp morgan followed shortly thereafter in july. compare these firms to the stalwarts of tech like apple, google and facebook, they have not had a return to office. they are thinking about 2022 february lunch, and even those dates are set back because they are wrestling with the threat that the pandemic will delay every plan they set. emily: even lyft is pushing back a return to work to 2023. thank you for that update. as we mentioned, apple is one of the tech companies making a u-turn on its return to office plan. mark gurman joins us with more. apple yet another company saying we can't give you a date just yet. what is apple telling its employees just yet and what are they doing in stores? reporter: this is the fifth delay for apple return to work plants. originally it would be june. that turned into september. that turned into october. that turned into january. that turned into early february. now it is a date not yet d

. >> jeremy dimon at cnn. >> thank you for the briefing. so far the committee on immunization practices this meeting to discuss the j&j vaccine. i am wondering if dr. walensky could say why that meeting was called and whether you believe the benefits of getting j&j no longer outweigh the risks. suddenly, given the rapid spread of omicron and the data on production against omicron from the booster shot versus two does recommend that dr. fauci just presented, isn't it time to change the definition of fully vaccinated to three doses? if not, what more date are you waiting to make that decision? thank you. >> dr. walensky? dr. walensky: thank you for that question, jeremy. that team meets intermittently to review the safety data of other vaccines. i look forward to their discussions tomorrow and review those data and to any recommendations come thereafter. in terms of the definition of fully vaccinated, as you know, the definition now is two doses of an mrna vaccine or a single dose of the j&j vaccine. certainly, as dr. fauci terminated -- demo

if jamie dimon, in jamie dimon and james gorman is doing massive 180s on this, you know the rest of them are going to be hibernating and if cases keep going on. neil: i think you're right. think you're right. but you know, got to somehow get through this right? >> yes. but you know, we've been dealing with this for how long? two years? i'm not, i'm not a denier. my brother actually treats people with severe covid. runs an icu at brooklyn hospital. it is bad stuff. he has gotten it. i won't deny but he tells you you have to live with it. i have know one thing, you cut me off, i know you always do. neil: we have better guest. >> why doesn't joe biden and democrats take that $2 trillion of waste trying to push through, use it to get therapeutics to people? monoclonal antibodies pain in the rear end to get, essentially rationed out, new pfizer pills, why are we dedicating resources to treatments? it is so stupid. it is the best stimulus package you could ever have. instead of free college for everybody, how about treatments for covid? it is just, it is so mind-boggling how there is no comb n

tom: if james dimon says something about china, how is it received in hong kong, by the elite, by the elite and the family is? by the great families and the government? what is the hong kong response to all of that? enda: i do not know if there has been a specific hong kong sponsor, but when individuals of a corporation or an association -- there is typically a blowback from china itself, either -- via a group commentary. we sought recent comments. less of a hong kong story and the feeling is that it is very much in line with what is happening. that is what sets the tone for everybody. jonathan: in out of hong kong. thank you very much. this came from press secretary jen psaki the other day. a diplomatic boycott of the winter olympics in beijing. the biden administration will not send any official representation to the winter olympics and paralympics games on the given the ongoing genocide and crimes against humanity, and other human rights abuses. what we have to think about a lot more, the second piece of that quote from jen psaki. ongoing genocide and crimes against humanity. is th

i would be surprised to see the likes of jamie dimon. it's a double whammy for the markets. joe manson -- joe manchin accelerating not only here in the u.k., across europe and now in the united states. equity markets are off their lows which i think is interesting because we are seeing a more positive response to that mentor news. we have a bit in the bond market. euro-dollar actually catching a little bit of bid as well and s&p futures really mirroring what we are seeing. >> equities are down a lot harder. in terms of what else is coming up we are going to get conference board leaving index. a lot of the data is going to come later this week when we get pcs and gdp. any economic indicator could in theory make a difference. we will be keeping an eye on the white house. what will they do about the threat of the omicron variant? dr. anthony fauci says he doesn't see the u.s. heading into any kind of lockdown scenario. he'll be interesting to see how the white house handles this. modernity showing a 37 fold increase in protection against omicron. we are going to get some earnin

this is something that james dimon will want to put in his briefcase to read over the next few days.morgan is optimistic about the view forward. they look for a full global recovery and a return to normal conditions. u.s. dollar and rates to higher ground. jonathan: they are optimistic on this market. a couple weeks ago he wrote the following. omicron could be a catalyst. we have a little bit of a flavor of that from a couple months ago. tom: i have never seen such a rich time in this pandemic that we have. it is fun to do. it is fun to speak to guy johnson. i look at the live feed and there is too much to talk about. forget about english football. what are you focused on right now? >> we are trying to figure out how they are going to take on policy. we have the prime minister and a difficult position. the video leak yesterday put him under considerable pressure. speculating that he might bring forward some of the restrictions . i cannot possibly suggest such a thing, but it is being talked about over here. there are rumors. he talked about the idea that we will see a cabinet meeting

we catch somebody illegally with a gun and it's pled down to a miss dimoner, and they're out.. i believe the sure evident way to hold people accountable is to punish them. that's not happening in many communities across america today. >>> the u.s. is warning russia, and it's urging moscow to pull back troops from the ukrainian border. antony blinken said the invasion could impact others. blinken expressed concerns that it resembled moscow strategy and seized peninsula. his comments come as he's to meet with the russian leader today. >>> democrats and voting rights activist stacey abrams is once again running for governor of georgia. >> opportunity and success in georgia shouldn't be daefrmed by your zip code, back code. but if our georgia is going to move to its next and greatest chapter, we're going to need leadership. >> abrams will likely go toe to toe again with republican brian kemp who she accused of engaging in voter suppression in 2018. former president trump weighed in. trump wrote this, the maga base will just not vote for governor keep p after what he did with respe

hopefully daymond john will turn around -- hopefully jamie dimon would turn around and provide a solutionte that. you mentioned the china crackdown. do you think the regulatory crackdown in the united states could slow that down in some of your predictions won't come true? >> in my head, it is a great thing that u.s. is trying to regulate. longer-term, it is something for retail investors. i think all projects should be compliant and abide by it. regulations to me is a blessing of this industry. it is here to stay. emily: always good to have you. thank you for joining us. in other news, spyware from an israel group as been used to hack mobile phones of at least nine u.s. state department employees. they targeted officials based in uganda, focusing on issues regarding the east african country. the comes were notified by apple, which did not name the creator of the spy were used in the attack. coming up, 2021 has been a banner year for indian startups with record numbers of ipos. we will look at 2022 and what holds for the tech sector next. this is bloomberg. ♪ emily: 2021 has been a breako

unfortunately, from jamie dimon all the way down to whoever else , china remains their central focus.can singapore be opportunistic? william: this is a phenomenal opportunity for singapore and asia. where the center of trade, customers, and finance in the rest of asia. much more militaristic and returned to be a major power supported the kind of trade in the global supply chain. jonathan: want to turn to the federal reserve quickly. what are the spill losers -- what are the spillovers of that? does it have the same spillover we used to talk about? william: it still has that spillover because we are global supply chain. one thing that is underestimated is the biden appointments. whether the vice chair for supervision -- that expanded mandate -- that is something the was economy might not be able to recover from. jonathan: looking had to next week, it is the big one. tom: the fed meeting is different. we will have omicron by the time we get to the fed meeting. some of the economic data will come in. i understand finance people are all bent out of shape about inflation dynamics versus re

tom: that thought you just heard was james dimon falling off his chair.s is incredibly important, how the regulation has not stepped in. lisa: gensler has been vocal about the need to do so and be more aggressive going forward. there has been a feeling to not want to stifle innovation at a time when the technological advancements of the united states have driven a lot of the growth. professor, there is a theory that when you pull the tide back at a certain point, there is a lot of malfeasance, there a lot of very frothy spots that would get knocked out. if the fed cannot allow that to happen because that would torpedo in economy that has few tools left to accurately prop up. you agree the federal reserve will be more involved and activist just by virtue of potential consequences if they are not? ken: you're going beyond crypto. lisa: i am. ken: i do not know if it makes them more activists or last. i think in the immediate future, the difficulty for the fed is they might need to raise interest rates cyclically quite a bit. frankly i think the 300 basis po

when living through what larry dimon has called a democratic recession, and a stable democracies havelid backwards and others become authoritarian in all but name. even the united states is facing one of the gravest challenges to its political framework of laws, rules and norms in its history. the authors help you ners the balancing act of liberal democracy is rare. as james madison explained it in advocating for the american constitution, first you must create a government that can control the governed and then one that can control itself. that latter challenge, a strong state that is still bound by constraints, rules and norms, turns out to be very hard and it takes continued effort to maintain the balance. a wave of populous nationalism has unsettled the balance and it will take a great deal of effort to restore it. adrian woolridge's the aristocracy of talent, how meritocracy made the modern world, defends classic liberalism from another series of attacks. he points out for most of human history, people were selected for jobs and honors and riches because of their membership in a

jamie dimon argues that his bankers at j.p. morgan that zoom has met its match. cases surge in the u.s.. moderna has decided not to attend next month's event in san francisco. that raised questions about whether jp morgan could plan to hold the ad there are -- hold the annual gathering in person. one of the most widely used vaccines in the world does not provide enough production to neutralize the omicron variant according to researchers in hong kong. it may have sweeping consequences for millions of people who are relying on the shot to protect them against covid. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. alix: thank you -- guy: thank you very much. let's talk about the rapid spread we are seeing with the omicron variant. dr. lucy mcbride joining us now. what kind of tractor you see us being on with omicron? it is already looking like it will become the dominant variant in the u.k. and within london within days. what does it look li

morgan's jamie dimon has done a good job as has brian moynihan at bank of america two large banks have managed th pandemic very well. >> and j.p. morgan up 24% year-to-date we'll leave it there, thank you both for joining me today. great to have you both on. >> thanks. >> you're very well. welcome. >>> on deck, breaking down the buying opportunities in health care and the beaten down i.p.o. space. and if you haven't already follow our podcast if you missed "worldwide exchange" check us out on apple, spotify or other podcast apps. we will be right back. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> welcome back news of that possible biogen buyout helping lift what's been a lackluster few months for the bio tech sector while they may end with a slight gain, not the same for other large names in bio tech look at blue bird, saripta, ion down about 40% despite weakness, my next guest says it's a buy. we tend to fixate on the vaccine man

and he said it's about fiscal worth best in breed also in the banks many would say would be jamie dimonve to check off the box with financials. it sounds easy, everyone talks about it, but if you look at valuations, looking at earnings, profitability, and especially with those two names if you look at dividend growth, very powerful quality is subjective a word we throw around all the time. we look at profitability, valuations, earnings growth, dividend growth, it's a common theme but best of breed makes sense, especially an environment we get off zero interest rate trade you can't buy anything, speculate on anything, valuations will matter tomorrow more than ever before. >> yeah, and i was reading the notes, kevin, not like i pluck these names out of thin air, by the way, even if viewers think i do, i'm not. i saw you were a buyer of cisco, not a name i've heard a lot about, it's been left out in the trash heap of tech but you like it now why? >> we like things when they get beat up, buying when there's blood in the streets, when they came out with earnings they bashed the company, thin

emily: so, the crypto skeptics, many people that are admired in the financial world -- jamie dimon, warrenthey just wrong? vitalik: a lot of them have definitely been just wrong already, right? they expected, even back in 2013 to 2015, at least some of them, to see blockchains and cryptocurrencies fail and go to zero in price and not get any more interest completely. and even today, they have already been far more successful than any of them expected. so, i can see how people in traditional finance, or at least some of them, can be inclined to kind of not see the value of blockchain-based finance immediately, but there are a lot of people even in traditional banks that see the value that blockchains provide and have been trying to come up with things and work with them. emily: one of them is jack dorsey. jack dorsey recently announced square is creating a new business focused on decentralized financial services, based on bitcoin, using bitcoin. what have you learned about jack dorsey's plan? does it seem like he's building something that sounds a lot like ethereum? vitalik: i am skeptical

. >> we asked jamie dimon why invest now at a time when violent crime is rising and businesses are ofteneds to be part of a community. we have to lift up parts of society we do not lift up. j.p. morgan -- a quality effort recall path forward and we are devoted to lifting a people >> jerry kill's company was helped by the initiative which helped him grow. >> if you exist in a box and you do not know there is a world outside the box, how do you get out? >> chase says it plans to help six new branches like this one across the country. kristen: leanne: holiday meals are on their way to the less fortunate in san francisco. the glide foundation began delivering 5500 bags of food to 19 separate partners. due to covid, this is the second straight year glide has had to deliver the food instead of handing out bags, as it had done for decades and tenderloin. larry: they do a great job helping. coming up, stunning new claims about the jfk assassination. >> he was not killed by oswald. we know that. it may be too late for justice in this case. kristen: who really killed jfk? an in-depth investigation

jeremy dimon, cnn, traveling with the president, in wilmington, delaware. >>> european countries areections as the omicron variant continues its spread across the continent. >>> also ahead, naming and shaming and public humiliation in china, for those breaking pandemic rules. the latest live from beijing also in a moment. ♪ "how bizarre" by omc ♪ no annual fee on any discover card. ♪ ♪ (burke) this is why you want farmers claim forgiveness... [echoing] claim forgiveness-ness, your home premium won't go up just because of this. (woman) wow, that's something. (burke) you get a whole lot of something with farmers policy perks. [echoing] get a quote today. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ at university of phoenix, we have scholarships for everyone hard at work, no matter where you work. get up to a $3,000 scholarship, starting with your first course. explore your opportunities at phoenix.edu when you have xfinity xfi, you have peace of mind built in at no extra cost. advanced security helps keep your family protected online. pause wifi whenever for ultimate control with th

all the things you think about what kiki, dimon had come a lot of the places people come to visit are island. and what is at stake is the possibility of petroleum getting into our drinking supply. we won't be able to get it out. juan: i wanted to ask you, could you talk about what some of the contaminants of this fuel that is apparently already leaked to some of the water for the residents of the base itself, what are some of these contaminants and what are the impacts? >> there are two types of fuel that were identified. they are jet fuel, like a type of diesel in a type of gasoline. they have made his way to the army's water system -- sorry, the navy's water system that serves both the navy and army housing, for the most part, as well as several elementary schools. there's been multiple tests done but these substances have caused different reactions in people from nausea and vomiting to heacs to skiirritatis d hospilizaons peopl and becauslet me bringr. kamana beamer into the conversation, professor at university of hawaii and previously the commissioner on the hawaii state water re

dimon at j.p. morgan chase.nts, family members or friends of those working there they better be vaccinated. they're tightening things up. charlie gasparino on that. i mentioned a couple of you were asking what is going on with tech stocks today, neil. the dow didn't do much. what about to the nasdaq? showing nasdaq falling about 2.5%. that would be close to 400 points. now technology issues that dominate the nasdaq, they're very sensitive, perhaps overly sensitive to a hike in interest rates. they were disproportionately affected here. sometimes that doesn't pan out when you think of an amazon or microsoft or an intuit or some of these other big tech names. they seem to be resistant to a lot of things including the global pandemic. the fear of higher interest rates and people will seek out alternatives because of the higher rates. keep in mind, we've had people seeking out the technology stocks. if rates are going up, there's alternatives to the technology stocks. some see that as an excuse to take profits and r

there's been so much kowtowing by the corporate world, people like jamie dimon and ray dalio who arenew last name. he chose that when he became a u.s. citizen. let me play a sound bite and get your reaction. >> it's just unbelievable how these companies, how these corporate groups, how these, you know, businesses, these organizations and these companies care about money so much, you know? they should be caring about values, morals and principles, but all they care about is how can i make more money from communist party. it's a shame. david: jillian, very quickly, wç don't have much time, but he really spoke to the heart of americans there. >> yeah. he's absolutely right, and i think that shown a lot of courage coming out as an athlete and saying this. i would think more would follow his example. these corporations are taking a gamble, as we've seen in hong kong. if they can crack down on businesses there, it's not safe for western investments either. dave teafd agreeted. when we come back, school closures aren't just for covid anymore. we're going to bring you the latest on a growing

if you look at the investments that the company -- the hedge funds like blacklock, jamie dimon, jpmorganwhen they see made in china, that dollar is going right into their military-industrial complex that our soldier, sailors, marines may have to fight have to fight. >> bret: when were talking about china, and taiwan what china does with taiwan comes out. seems like they're getting more aggressive. here's the security of state talking about support for taiwan. >> we're committed to taiwan to making sure it has the means to defend itself. i hope china's leaders think very carefully about this and about not precipitating a crisis that would have i think a terrible consequence for lots of people and one that's in interest starting china. >> bret: do you know what the biden administration would do if they invaded taiwan? >> we've gotten mixed messages from biden himself and the white house. what we need is some real clarity. it if the chinese take taiwan, they will essentially control the economy of japan, south korea, partially australi, they will control about 50% of the world's gdp and 40%

citigroup, the well, the jefferies, on one hand and then it's the other ones that are saying jamie dimonemon at goldman are saying listen this is something we have to deal with. we want people back in the office as best they can, try to get vaccinated but we'll have to work through this , this is something we have to work at to figure out the office environment going forward and that's what you're seeing here. it's an important story from that standpoint, because it says something about how office life will be in the future, and how different companies are dealing with it. tech firms a lot of them allowing people to work-from-home forever. there's no set date of when to come back, and you know, some wall street firms are divided on this. citigroup, you can work-from-home. ubs, you can work-from-home. jpmorgan, jamie wants you back in the office, goldman sachs kind of wants you back in the office and so does morgan stanley and it's sort of manifesting itself in this holiday party disclosures and policies that are going forward, liz, back to you. liz: okay, charlie, thank you very much. we

cryptocurrency itself will continue to see more and more of an adoption and something that it was the jamie dimon of the world. >> sorry to interrupt. we have some breaking news we want to get to the verdict in the ghislaine maxwell trial. >> and ghislaine maxwell, jeffrey epstein's friend has been found guilty on five of the six federal charges against her in a court of law. there were six counts against her. counts one, conspiracy to entice individuals under the age of 17 to travel engage in a sexual activity and guilty on three, four, five and six and not counts the big count is five, conspiracy to commit sex traveling of individuals under the age of 18. >> that charge alone could be up to 40 years in prison. five to ten for the other charges. so ghislaine maxwell, formerly with jeffrey epstein, has been found guilty in five of the six federal charges against her in a manhattan court, melissa if uphold, unless she appeals, she's looking at likely decades in prison. ghislaine maxwell is 59 years old. guilty in five of the six federal charges against her. >> thanks brian sullivan for that quickl

i think jamie dimon is in that category.morgan stanley and so is david solemon. at some point, you know -- liz: living your life but separate from companies who have a responsibility. charlie: but i mean, you have to have some degree of caution for people that have pre- existing conditions but the rest of us are at the point now, we just want to live our lives and we get triple vaccinated and, you know, the n anny state stuff is grading and by the way, is this new variant anymore dangerous than delta? liz: its been mild, but the response is mild, but it's breakthrough. charlie: by the way, if you, did they cancel christmas parties in the past because people might get a bad flu? liz: i think there was a lockdown. charlie: i know, but -- liz: the flu i'm sorry. charlie: but we're not in 2020 right now. we're now, virus, with vaccines, and treatments, and -- liz: interesting that the three wall street firms are making it. charlie: they are citigroup is like basically an addendum of the democratic party to begin with. it's absol

remember jamie dimon was head of jpmorgan along with james gorman , the head of morgan stanley, theyice tough guys . they're backing off that, jpmorgan on top of that canceled, or will be holding its big biotech conference in san francisco virtually. they were planning to do it one on one. you want to finally meet with the guys at moderna that have invented the vaccine. liz: by the way the cdc has just recommended in the last few minutes, the moderna over j & j for the vaccine. charlie: how about pfizer, that's what i care about? i've got that. liz: i do too but carlyle as well gets thrown into this pot. they are canceling a few things charlie: private equity, a smaller firm. you know when you get a big bank with thousands of employees and by the way the morgan stanley thing is pretty significant because a lot of their brokers are here in new york. they have a huge office. liz: gotta figure this is going to ding the economy. cancellations? charlie: really this is a new york city story too. particularly new york city's economy is in really desperate shape. we had harsh lockdowns in 20

remember last month of jp morgan ceo jamie dimon bowing down to the ccp, walking back his comments thatgest bank would outlive the ccp which is 100 years old this year. we will keep a spot light on this story. the head of instagram grilled on capitol hill yesterday as he tried to defend himself and his company. >> my responsibility to do all i can to help keep young people safe on a platform, but anybody who uses the platform. >> we are telling you children have inflicted self-harm and we are asking you have some empathy and take some responsibility. maria: he was slammed over internal research which shows how harmful instagram is to teenagers' mental health. he deflected blame to rival platforms, tiktok and youtube. he would not rule out creating a version of the app specifically for children. lawmakers are working on legislation to better protect kids online which instagram says it supports. cryptocurrency industry leaders testifying before congress yesterday, the house financial services committee called a hearing to better understand the growing industry that is block chain and cryp

well last month jpmorgan chief executive jamie dimon said he regretted saying his wall street bank beow, because you don't want to upset them, right? ridiculous. stuart: especially when they've got a lot of your money it makes a big deal. ashley: exactly. stuart: we'll get back to you in a second thanks a lot. humanoid robots have always been a thing in sci-fi movies. watch this. >> robots might naturally evolve. >> i was hoping to see you again, detective. think of me as your friend. stuart: scientists just unveiled a real robot with a human face and we'll show it to you too. we've been showing you these smash-and-grab robberies happening all over the country. we'll congresswoman alexandria ocasio-cortez doesn't think they're a real problem, hard met dillon will respond to that after this. >> ♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to supp

we definitely had comments from jamie dimon and other bank ceos talking about this.ing above its $50,000 mark. $51,000 a coin. we have seen bitcoin gain substantially since its low in november. it was at $68,000 on november 10. it dropped substantially. so far this year my -- bit digital mining company had a difficult year. 7% higher roughly today. after an 8% drop. results have been disappointing. bloomberg galaxy index, the crypto index year-to-date is up 240%. today, just up 3.3%. the sec continuing its harsh look at the crypto world. we had the agency rejecting a pair of spot etf filings. valkyrie and crypto coin -- crypt coin. that was a bit of a land grab, the first to get that past the sec will be happy for sure. >> everybody thought when it comes to crypt though -- lee travers, ceo of finance australia joins us now from perth. taking a look at the year that was when it comes to the crypto landscape, even by volatile standards it was quite a year. we had with -- index doubling, giving back all its gains by july. down 25% from november. what does the year ahead

james dimon doesn't work for the spontaneous idea generation and for those people who want to hustle.tle. diametrically opposed views about this, haven't we? well, we do. there is irony — about this, haven't we? well, we do. there is irony in _ about this, haven't we? well, we do. there is irony in that _ about this, haven't we? well, we do. there is irony in that the _ about this, haven't we? well, we do. there is irony in that the banks, - there is irony in that the banks, let's take the banks, many of them had record results precisely when their staff were working from home, right? we do have to take some of those pronouncements with a grain of salt. we have seen the more enlightened bosses many from large companies have actually backed off from making pronouncements. they have moved "you are all going back to the office early january" and backed off from making those statements. they are now saying, we are keeping it under review, we are going to work with you and we believe, at a cm i, we know that is the approach that needs to be taken. we do need to be agile and we need to work

if you saw intel apologizing to the chinese about suppliers in a province, sort of echos what jamie dimon what time is pat on today pat's on as much as iger i think you have to keep it off your bow, your proxy, that's also an issue. i just think any company that is trying to wrestle with that issue, like some of the french companies have, it just crushes your business, just crushes it you've got to be careful david, you know that stuff [ laughter ] >> years ago when i did -- many years ago when i did my first -- >> remember when you were usin burners? >> yeah, and my computer was never the same never ever >> you had cameos on "the wire." did you use more burners than inthat is marlo? omar >> omar, i love omar marlo is scary, but not in "bosch." >> marlo in "bosch" is my hero it's like, he's really res resurrected himself. >> he sure has so much nicer than harry >>> speaking of content, we talk about streaming, stay-at-home, but "spider-man :no way home" the number one theatrical release of 2021, on its way. >> we had adam aron on monday. going going back to disney, why do you have to have

goldman solomon and jpmorgan jamie dimon are titan advocates for in-person work, when it requires thatcing on wall street. i finally want to end on cryptocurrencies. david is sub50,000, and what i found really interesting in terms of trendlines this is the first time suns june that bitcoin not traded with the s&p 500. there is usually a tight correlation over the past six months or so. bitcoin is down 5% this month but the s&p 500 is up 10%. i don't know what that tells us there is more adoption, more mainstream buying of cryptocurrencies. it is not going away. david: i probably get more questions about cryptocurrencies than any other question about the economy or anything else. everybody wants to know about cryptos. >> every day. david: susan, appreciate it. meanwhile look how many americans are spending the last week of 2021, waiting hours in long lines for covid tests. covid testing company prophase is beefing up its staff in order to handle the influx of covid testing in new york city and elsewhere. the ceo joins me now. ted, good to see you. thanks for being here. how is prophase

even -- despite the fact that jamie dimon at jpmorgan, james gorman at morgan stanley, david solomons are saying we want you back in the office, you would think the city would be -- commercial office space would be filled right now. it's not. from what i understand, it's up to at this point right now, it's still up to 80% vacant, okay? now, if you look outside, looks pretty crowded, but apparently in the offices it's not. neil: reinstating some of these pretty tough rents, right? it depends where. >> well, it depends where. and on the commercial, the commercial problem is a little different than the residential. neil: understood. i was talking commercial. you're saying finish. >> by the way, here's the problem that eric adams has, without people fully back to the office, the service sector in new york suffers dramatically. tax revenues go down, and he knows, so he is redoubling efforts to try to get people back. he's running into the various variants of covid -- neil: i think crime. he gets that under control -- in a's the last thing i'm going to say. the second thing is he's running

neil: so when i hear jamie dimon , of jpmorgan chase talk about his company will last longer than chinag up to the chinese. that has not stopped, right? >> no, it hasn't stopped, and it won't stop on wall street and in the business community for a little while, but it is stopping in other areas, and that's a good thing because we now have a better appreciation of the legality of china, and although there's still an amount of lying to ourselves, the amount of lying, i think, has decreased substantially especially over the last month or two. neil: that's progress, put that on a billboard. we're not lying to ourselves as much. gordon chang, great seeing you my friend, thank you very very much. >> thanks, neil. neil: in the meantime here, one hurdle down, the government shutdown that we thought could happen tomorrow night isn't going to happen tomorrow night. they are going to deal with it in february that's one issue but in the bigger scheme of things, there's a huge one that's coming up around the 15th of this month i mean, huge. or should i say huge? >> ♪ it's a thirteen-hour flight, tha

the disappearance of the ccp on the basis that this is merely a strict parent and we remember jamie dimon's life in the fast lane. larry exhorting the american people to triple their china risk exposure at this time. look, i tell you, i think that the american people are increasingly caring about where their money is going and how it's being used. they do not have investment dollars underwriting aiding and abetting genocide and slave labor and concentration camps and not to mention this massive new buildup of land base and sea based icbm's targeting their families and even the hypersonic nuclear capability system is being supported in our markets, so this kind of thing is going to make people distracted with anger, i can tell you that. the more they find out about this, the more our step to incorporate america are going to appear. maria: that's exactly right. we reported on the sweetheart deal that apple deal. apple negotiated with china and ceo tim cook signed 275 billion-dollar deal with beijing back in 2016 promising to help develop their economy, develop their economy in return for appl

to china basically criticizing people who criticize china left willing not just important but jamie dimonhe did not just because right i think economically better this idea going to china capture a market 1.4 billion people get rich chinese will never let you do that it is actually not good business. maria: a, of course, not, ken what i always say all wall street guys who have been given a honeypot on their own operation, in china, what are they going to tell grandkids their kids when they grow up, under the chinese empire are they going to have same opportunities, that these wall street titans have gotten in america? growing up in a free country, are once the chinese empire is ruling empire of the world? >> -- by the way great, goose bumps so refreshing to hear a young man taking on what he is taking on by the way, i declare right now -- >> me, too. >> but he has a message really important media like listening the are ony in china control thought our media control thought, he -- atrocities going on there, my gosh what a brave young man i will say any corporate company that spors his snea

we didn't get to jamie dimon >> that's a major statement, tupg in cheek.hat we hope for the eventual decline of tyranny and communism >> we are so low you can't say i hope my bank lasts longer than the communist party. >> this is bigger than business. this is the relationship >> oh my god, there is dollars involved i better apologize >> this is going to be a situation where just from the olympics alone, if the united states were to pull out, what would that mean for the relationship between the two countries, which has already deteriorated too much. >> let's not get worse if something happens there >> but, joe, we're dealing with the question do you pull out? what does that do to relations or do you hold your tongue because china wants to you do? so the audience many viewers would say raise your hands and protest this this is ridiculous and crazy, right? the flipside, what itself the ramification maybe you do it on principles. then you have to decide you will deal with this >> the backlash of that. >> andrew, we all understand what's involved. >> what he s

week, ray dalio made the comments on our program, mitt romney went after him for the comments jamie dimont china from a week ago. there are lots of people who seem to be unwilling to make the sort of outspoken case you're making yet you're saying there are other ceos somehow doing it behind the scenes. what's going on here >> well, you know, andrew, we closed off last week on this topic by you saying we wish we had more time. you probably meant it politely but the producers tortured you getting right back into it with the more time. i do think adam silver of the nba has cleaverly threaded the needle here, where the fortification of the american values is the american brand we should never surrender america's brand in the interest of commerce. we had 180 companies pull out of south africa, you might sa market it isn't the size of the market. south africa then and now really has a tremendous control over rare minerals. then it was 75% of the diamond and gold production. we still had u.s. companies, especially general motors came out with the sullivan principles the guideline on how to opera

the reluctance to fully embrace crypto by some of the larger financial institutions, and also jamie dimonthe traditional finance service companies pick what do you make of that? -- companies. what do you think of that? >> he says you do what you want it i think it is worthless. but his bank is one that is stopped -- stocking up on crypto. whatever their personal preferences are, they know they have to make money for themselves on behalf of the client. and crypto is a class that you can make a lot of money. romaine: we are a long way from what was once a niche product. as you sort of try to figure out what crypto is doing on any particular date and what it could do, is this more of just looking at technicals for are there fundamental factors that you can look at that might give you insight to where it will go next? >> there are people in crypto that pay a lot of attention to cyclical but there are times you will have people say there was an interesting discussion about technology upgrade that is happening and then you get into a conversation of migrating from a proof of work to provoke sta

paul: is the expectation that jamie dimon will put out a memo saying, ok, you have to come back to theso. basically, we have a push of the first two weeks of the new year being kind of an example of just stay at home for 14 days, get the isolation over with so we do not bring everybody back into the office full throttle and have a potentially huge outbreak in these offices. but all of the banks have said, we are not changing plans. do not get excited about working from home full-time. do not purchase a house across the country. you have to come back. romaine: madison mills with the update on the potential return to office. but holding off a little bit longer, at least for the big banks. another big story has been the moves in the cryptocurrency space, particularly with either and bitcoin and other coins. kayla gardner is joining us, who covers a lot of the crypto fear for us here. this was a good year. despite the downturn we had over the last few weeks, bitcoin is still above where it was at the start of the year. kayla: it finished with a 625% gain, bitcoin, over all, but december is