jonathan: like i you assume jamie dimon will not be there in seven years -- how you assume jamie dimonnot be there in seven years. tom: that is doing a iger. jonathan: i asked ed ludlow about bob iger being a successor. you know this better than anyone out there, when you start to raise interest rates at the federal reserve, banks try to pass it on to lenders before they try to pass it onto the deposit base, they are forced to do the latter, they want to do the former. how is that speed, relationship between rates at the fed pastor deposit base and the people borrowing, what is that look like now? gerard: you're putting your thumb right on one of the biggest points people are going to be focused on this quarter is the so-called deposit rate or deposit bater. it is been rather slow. it is going to accelerate this colder. regards see the -- the fed funds rates in the second quarter by 50 basis points. we expect to see many banks had deposit rates in excess of that so the so-called deposit is over 100% but that being said we still have to remember it is much lower than 2006 on the loans a

i think jamie dimon gets it. i think knows this is a -- this is the first full quarter where they brought in banks, brought in new customers, brought in new assets. it's a win-win for this bank, jp morgan. i like to buy the best, forget the rest. jp morgan is the best of class. you go under the hood, we see investment banking n numbers of, m&a a activity a little off. we see that in this environment. they are the bank of choice. it's not exciting compared to the a.i. story, not exciting compared to what's happening in big tech but it is -- to have some of your money in banks, it turns out a decent dividend. jp morgan did a stress test, a couple days later they raised their difficult depend. i can see with the -- difficult. they can raise the dividend even more. more stress tests with jp morgan, ends up with more dividends. maria: dennis, ken, great to see you both. thank you, gentlemen. we will see you soon. coming up, president trump leading the gop primary field one month before the first primary debate. i spok

to pay for when jamie dimon surprises.ut by the way, goldman, i don't think that -- could you do more to preannounce >> that's what mayo's point was. preannounce without telling me you're preannouncing in some of these news releases or comments last six weeks >> david solomon, talk about lowering expectations, i mean, why don't you just say, look, there's zions bank and we're coming in right under zions. >> you must feel better about going into the prints not as hot. >> i think what was more important was the smackdown of lina khan and so there are things going on in m&a that are extremely bullish. >> we talked about some of the early tells about ipos, for example, over at morgan stanley, and the notion that we might be entering a new cycle >> yes, morgan stanley's stock, my travel trust owns it, it's been a pathetic parody of the human mind of late, and i would like to see that it -- to reverse it >> yeah. 47 -- or 4,480 almost, jim >> where is -- where are the bears who come on every day on our networks and say, don't be

i called jamie dimon, and he said, i don't want the firm. i said go tell geithner. he said, if you force me to do it, i wouldn't pay you two dollars a share. that made it easy on me. as a result, we called our board in, and we are thinking we are going to go out of business. david: at one point, you are on a phone call with ben bernanke, the secretary of the treasury, the chairman of the fed and the head of the new york fed, and they say you should file for bankruptcy. you slam the phone down on them. was that easy to do? john: for me, it was easy to do. thank god i left out some four-letter words. i said, i will take the firm down first. and i hung up on them. i cannot tell you why i did it because in my gut, it was the wrong thing to do. david: now after you retire, you decided to write a book about your life story, "up close and all in." how hard is it to sit down and write about your life and go through the good and bad things? did it take you a long time to do this? do you ever say, why did i agree to do this? john: no, i enjoyed sitting down and working with t

jamie dimon was speaking in january and said i should never have used the word hurricane.e also realizes the error of his ways. one thing that did look strong was bank of america in terms of their trading numbers. when we think of bank of america, we are maybe not looking for the trading, market segment to be as strong as other banks. does that tell you perhaps a shift in the business mix or just trading overall going to be stronger this quarter wall street? octavio: all, i don't think trading was that much stronger at morgan stanley so that was not a strong point. i don't think that goldman sachs that will be the case either. those two large investment banks have a bigger exposure to that activity and they did not do well. if you look at trading volume and fixed income, has come down so that was reflected in the numbers. i think that is going to be reflected with the numbers for goldman sachs. bank of america is an outlier but jp morgan defined as well. there will be fluctuations from one bank to another in terms of trade and activity -- trading activity and what bets the

to the point that the fed was trying to get us to sell at jamie dimon -- to jamie dimon.nd he said that is what we should do. i called jamie, i said they are all over me. he said he will buy the farm. he said i do not want your firm. and i say will go tell iger. if you force me to do it i would pay two dollars a share so that made it easy on me i was not going to listen to him. as a result, we called our board in and we were thinking we are going to go out of business. david: you were on the phone call with ben barak the chairman of the fed, and they say you should offer bankruptcy. you slammed the phone down on them. was that easy to do? john: for me, it was easy to do. thank god i left out some four lettered word and i said i will take the firm down first. i can tell you why i did it because in my gut it was the wrong thing to do. david: so now after your retirement you decided to write a book. it is a good book and i read it. it is 'up close and all in' did you ever say why did i agreed to do this? john: no i enjoyed sitting down and working with the person to help dev

okay thanks dimon chik or what? well well well in what sense? well breathe i said.explaining to you that vodka is prohibited. nazar went out, sorry. well, don't chase me. that hello, this is running. but i'm not at all happy for you hear. there's just nothing left for me to do. hey don't be sad. all right, let's see you tonight. will we talk? what a chernysh i am , actually, a red-haired slav. i remembered you a goat, i also remembered you. guys, better to study what don't you believe? do i have documents? all listen, maybe he is in kind, no look well, where is your cop's strength? probably at home i forgot kazbek, what are the boys, what to do with him? damn, i think we need to wait for nazar. the prints are nothing interesting, but the second comrade is much more interesting to look at. and market racket we have a criminal chichinadze here. it's razura bandit, bandit. why are you here, i opened a cafe around the corner and i wanted to invite you to a cafe. it’s not just to go alone and somehow i don’t need it, it’s funny, the surname is not the one that the brothe

there's -- jamie dimon on friday. there's a line of thinking when the small and regional banks report there could be cracks in the armor. you've got jamie dimon and jp morgan ready to buy up someone else. they could snap th fingers and p a toe in the water and pick up a bank. are we ready for more failures here? >> i think we have to expect some instability in the banks. they still haven't gotten balance sheets straightened out. to the point about jp morgan, they're so big it would require waivers for them to acquire any more banks or they'll continue to become more dominant than they are right now. so i think that that is going to be something to really watch in this earnings season. the banks, the regional banks are like c students. if they come in with a c plus and they're doing a little better than what people expect there would be some relief but i'm not expecting anything other than very, very mixed results from the banks. cheryl: low bar, if you will. certainly. yeah. tim, thank you so much for being here. it's

jamie dimon, you can't -- you've to got to love jamie dimon, unbelievable.you look at their earnings, he beat by 24% over what the street was looking for. so he continues to perform strong, and i think, certainly, you know, it's a name that i own along with bank of america, and it's one of the greatest names in that banking sector. yeah, i think the market feels like the path of least resistance is higher, and until we get a catalyst that's going to change the tone, any pullback in the market, i think, is going to be met with buying interest from these people who have been sitting on the side thinking this wasn't going to continue. they're going to be ready, waiting the minute this starts to back off. stuart: okay. two days ago i bought back into this rally. not exactly bigtime, but i bought back in. my theory is that inflation is coming down, the interest rate cycle is coming to an end, is and when you see that kind of thing happening, put your money into stocks. that's what i did. am i betting on the right rally here? >> yeah, no, i think you are. now, lis

and i have dimonization.that is, it’s either to be outside for fresh air, or just to sit like this, i love people, i communicate a lot, but as for personal space, i need to walk or well, here’s my daughter. yes, we can walk there in the evening, 10-15 minutes to discuss questions, again some medical personal ones, and this allows you to recover. whatever we are managers, we have children. for me, the main thing is my daughter. yes, if we take it in such a way that our relatives and those around us are healthy, the daughter received a profession, yes, and became a personality, first of all, of a specialist doctor. yes, and the personality of a person is the basis, and then i always like to get a result, therefore, when i have a result, and the return from the team is the patient, and we see that there is efficiency. that's the basis of my mom's white rose, because the thorns are the head, because most of the time anyway. she spends at work, but also white because it is a pure flower, on which brings light with

colleagues will speak with jamie dimon and brian moynahan later today >>> good morning let's look atow markets are faring yesterday was the day where markets took stock of the weaker gdp data from china along the activity date disappointing to the down side. on the back of that, we saw a dip in asian quities that negativity transpired into today's session. as for wall street, the majors closed with a gain yesterday the indivisibces closing at a 15-month high. the stoxx 600 with a bit of green on the board the index is up .20% the attention has moved away from some of the data that has been coming out of china toward the earning report cards notably, results from switzerland the last couple days yesterday, luxury sector was pulled down by richemont today, we are focused on the pharma sector. in terms of the breakdown for individual boards, the dax is below the flat line at 16,000. 3 points weaker. ibex is down .25%. the general election is coming up this sunday a lot to watch out for the political front. the cac 40 up .20% a bit of recovery from the luxury names that were hit yesterda

their bank is healthy and the trajectory of the economy is coupled with dimon >> either way you slice it >> this was a record quarter in terms of revenue, investment banking expected to slow did not in the case of jpmorgan. trading is slowing, and we've heard from goldman sachs and morgan stanley citi's trading revenue slowed but not in the case of jpmorgan. what jamie dimon is doing, whether or not you agree with the interpretation where the economy is, where the consumer is sometimes he takes it in extreme directions, this is the placet be when you're looking at banks. >> the share price is barely up. >> a 52-week high. >> exactly >> it's only up about a third of a percent. >> i would argue these expectations have already been baked into the share price >> they rally, they come back in, they'll settle in the next week they'll get earnings and i think we'll start to see things go higher they beat 70% profit it's a massive beat, joe >> jpmorgan, we see the stock tick higher as we are talking. i don't want to leave out jason snipe. another thing when you look at wells fargo they raised

to jamie dimon's point, this is a slow down relative to the economic activity or the growth we had.ot a massive problem economically speaking concerning consumers or businesses. dani: why are the stocks not seeing more sustainable gains? wells fargo and jp morgan rolled over. if this reflects positivity why can they not see gains? cole: i do not think there is anything that is surprising expectations. i think the thing the street really likes is that there is no big problem that they were exposed to in this quarter that people do not expect. at the same time, what you need is a pickup in ending. that is what people need -- in lending. the housing market for example has not turned over like people predicted but when you look at the lending business it is still getting cut. having that activity pickup at a later date would be beneficial. that would come off of titers spread. that spread coming in could help business, but in the interim they are not taking a lot of risk in the loan because if the loans are not going down on prices they are sitting on nice equity for the mortgages alrea

well, competition by dimon. here they were arguing.17 at 23:55 on the russia channel, what they do is impossible to repeat, you can only reconsider amazing people the best. it was just a miracle 21:30 only on the channel russia used to watch videos stopped working, install, open russian channels and all movie series and cartoons. and how long ago did he give you? ask him, he's on his way. celebrated at night. nothing, eat, eat, beautiful, ate richly. i found it all. went and found. where under the door found. and who is it? looks like there's blood in here. here it was in the package. what branch? why do i have to go to work? listen here. you're being held on suspicion of murder , understandably. convinced of course, zhorik walked only. joined well kashin the gamer played together. who to play with him? and then i don't know, i went home. at first and i saw it ended. well, i don’t know, i’m telling you, i don’t need problems with the police. did you buy a goat from zhorik? for my mother , i bought a farm from her neighboring region. th

jamie dimon out there saying it is anyone's guess of whether it is a hard or soft landing.m others with janet yellen taking a more optimistic tone. but you see caution at least with jamie dimon america's largest bank with the system hard to handicap. guy: it is amazing. trying to figure out what is going on here coming down the pike toward us. thank you and great coverage coming up from her and the rest of the team throughout the rest of the week. she will join us as we work our way through the numbers. we talk about that picture as we had through the end of the day. europe today has been about china. the disappointing chinese data continues and this -- you have also seen the luxury sector under pressure because of the regional numbers. it is a double whammy for the luxury sector in particular. regional down by 10% but the whole pressure under the names. mhs and other names are down. week chinese data, how use unemployment. the retail data out of china not looking that clever either. an update from rich morris saying, china is not that bad in the u.s. is the one that is dow

jamie dimon, historic ceo.ment changes at morgan stanley, and the consistency of leadership in watching these people become a leader over those periods of time makes it easier to stomach, especially when times are rough like they are now. dani: thank you so much. that is bloomberg's sonali basak. later today sonali will have an exclusive interview with a man who oversees trading and investment banking at citigroup. that will be 4:30 p.m. in new york. stay with bloomberg for that one. plenty to ask him about. it is just running up to the european close, a little over 30 minutes to go until we get there. i want to get a check on markets because we are continuing to react to the week pmi data. in germany, manufacturing some 40 for the first time since the pandemic. the last time we got that reading was the financial crisis, to give you an idea of how grim that was. the euro immediately reacted -- kind of awkward timing because we had record short bets vs. the dollar. if you did that with a stronger euro, you were

make some noise, you will stop, then you will be happy to finish your dimon a year later. you will already have an adult daughter and son. yes, and you are young and beautiful, and my husband, what, maybe, who will need me with a child, let me give birth, then we will get married a car. and he doesn't have to work. it is necessary, of course, it is more important for us now that everything is in order with you. yes, thank you, but if you dissuade me, if you want, you won’t even start . i just took you away, so i'm responsible for you. let's go for a walk together. employees from novosibirsk well, there are some problems with the previous place of work, until they sent a personal file, but i guarantee you all the papers will be in order, i will pass it on to him. what do you think, will it hurt to cut a living person from you? a person can't . just very small. good, good, i understand. gone. probably then the next sister came. yes, my husband is very busy, don't worry. you can find out, well, if you're lucky the baby will turn in the right place, then we'll find out. so wha

. >> sandra: jamie dimon, a new interview.> one of the things the american public looks at, is the government effective, is it too much big brother and those are different questions than the ira act, and the fiscal spending, $5 trillion of excess spending over two years, some to counter covid but some is more in excess of that is causing inflation. >> bidenomics as you said, about industrial policy, a bigger role for the state. >> yeah, i would be careful about that. >> sandra: that was an interesting interview coming from jamie dimon, he puts his country up there behind his family, even above j.p. morgan, he's taking on bidenomics and says about choosing industries that will thrive and industries that should be buried. >> if you read between the lines what he's been saying, statewide and abroad, basically saying you are printing money and pouring it out of the sky and asking the fed to soak it up with higher rates. it's basically an impossible situation that will eventually collapse because you can't keep printing and keep ra

so jamie dimon as a citizen great, -- >> always great to have you both here.elcome back from european vacation. it looks fantastic on social media. coming up, for the first time in over 40 years actors, big ones, small ones, across the board, are officially on strike. what it means for your favorite shows, the future of hollywood, and a whole lot of jobs in this country, when the 11th hour continues. when nature and science get together... pretty sweet things can happen. like our senokot laxative gummies. to relieve occasional constipation, senokot starts with the natural senna plant that science transforms into a yummy gummy! sweet! senokot laxative gummies. i'm jonathan lawson here to tell you about life insurance sweet! through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. what are the three ps? the three ps of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54, what's my p

. >> reporter: jpmorgan chase ceo jamie dimon has said he'd be careful about bidenomics.ident's economic approach as industrial policy where the government supports certain industries for political reasons. dimon says he approves of government sport in certain areas relating to national security. he also says democrat spending billses have boosted inflation. massachusetts senator elizabeth warren tweeted, quote, well, boohoo. the whole point of bidenomics is to make our economy work for working people, not just wall street ceos. today the administration has sent out a couple of press releases highlighting what it figures is about $40 billion in student loan forgiveness and $163 billion in federal contracting money to small businesses. we've got some fox news polling on this, the most recent finding about 60% of americans disapprove of the way the president has been handling the economy. stuart? stuart: 60% is a big number. all right, rich, thank you very much, indeed. to get into the republican primary debates, there are certain requirements that you have to meet like hav

again when i get these financial reports again it is always about dimon's comments., of course banks coming out on friday. let's talk about another pick of yours. i thought it was coca-cola. that is a good one. it is coca-cola europacific partners. >> i threw this one out there because i wanted to get a little bit outside of the u.s. i don't know if you saw this or not, citi, their market strategist they downgraded the u.s. and upgraded the european stocks index out there, which i thought was pretty interesting. i don't tend to disagree with. in that sector, the big european big cap sector, i chose coca-cola euro partners. this company trades 15 times earnings where other beverage companies trade 22 times so it is cheap. they have strong travel in europe, and strong growth away from home in the european travel area. they made acquisition they will see cost savings and synergies from. they're not only european about southeast asia. cheryl: that is interesting play with someone that drinks a little diet coke every day. michael, great picks from you, certainly appreciat

contrary to rumors, he flew along with moscow dimon to nizhny novgorod for the match of the first roundhe group stage of the russian cup earlier. it is known that dynamo leads active negotiations. with rome's lazio in charge, it is claimed that the deal is close to completion, according to the well-known italian journalist gianluca dimartsu, the club offered 10 million euros for the player, plus another 4 million. as bonuses, it was previously reported that the players are also interested in family last season, the zachary played 37 matches, scored blues in all tournaments, scored five goals and ten assists. brazilian club vasco da gama is still waiting for cska's answer about colombian midfielder jorge carascal representatives of the colombians are now trying to get him released from the contract with cska , which is valid until june 26, the russian bow, at the moment no consent is given, on the departure of the midfielder. zenit also rejected the proposal of the brazilian club flamingo for claudinia by the petersburgers. enough of the proposed form of payment for the transfer and its

tim geithner at the fed was trying to get us to sell to jamie dimon.e kept saying that is what i want you to do. i called jamie and said tim geithner says he will by the firm. he says, i did not want your firm. i said go tell kim gardner that. he said if you play -- corseted will -- he said if you force me to do it i would not pay you two dollars a share. as a result, we called our board in, where are it were going to go out of business. david: you're on a phone call with ben bernanke. and tim geithner and they say you should file for bankruptcy. you slammed the phone down on them. was it easy to do? john: for me, it was easy to do. thank god i let out four letter words. i said i will take the firm dumpers. -- down first. david: after you retire, you decided to write a book. it is a very good book. up close and all in about your life story. how hard is it to go through your life of the good and bad? did it take you a long time? did you ever say why did i agree to do this? john: no, i enjoy sitting down with the pricing will be on the book. i have memor

so jamie dimon as a citizen great, -- >> always great to have you both here. media. coming up, for the first time in over 40 years actors, big ones, small ones, across the board, are officially on strike. what it means for your favorite shows, the future of hollywood, and a whole lot of jobs in this country, when the 11th hour continues. hou continues. in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention. >> woman: why did we choose safelite? if we were loading ourk to yoursuv when... crack!ist safelite came right to us, and we could see exactly when they'd arrive with a replacement we could trust. that's service the way we want it. >> singers: ♪ safelite repair, safelite replace. ♪ make a splash with the ultimate pool party essential. blendjet gives you ice

we were very close, to the point tim geithner are at the fed was trying to get us to sell to jamie dimonthe time. he kept saying, that is what i want you to do. i called jamie. i said, geithner or is all over me. you will by the firm. i said, i do not want your firm. he said, john, if you force me to do it, i would not pay you two dollars a share. that made it easy on me. i was not going to listen to him. as a result, we called our board in. we are thinking we are going to go out of business. david: at one point, you are on the phone with ben bernanke, the head of the fed. they say you should file for bankruptcy and you slam the phone down on them. was that easy to do? john: for me, it was easy to do. thank god i left out some four letter words. i said, i will take the firm down first and then i hung up on them. i cannot tell you why i did it. in my gut, it was the wrong thing to do. david: after your retirement, you decided to write a book. it is a very good book. it is about your life story. how hard is it to sit down and write about your life and go through the good and bad things s?

. >> and in some cases, dimon himself. >> yes >> went back to chicago for sure >> but it's back to whereay pierpont morgan had a bank and everybody had to listen to what they did all these banks. united states bank failed. this is them, this is the closest i've seen to them being the jpmorgan that you just said, well, wait a second, let's understand the corner >> do we want to, carl, talk a little bit about dimon's comments lot of macro consumer balance sheets still healthy, still spending, albeit a little bit more slowly labor market softened somewhat, but job growth remained strong salient risk in the immediate view he's already talked about these many times >> yeah. yeah >> consumer slowly using up their cash buffers and core inflation has been stubbornly high, many of the things we know, but certainly hits them. >> you forgot ukraine. >> yeah, ukraine >> war in ukraine. >> i didn't see any references to hurricanes this quarter >> no, no. there was no hurricane, no it was not as bad it's going to be out this morning. >> not as bad as what? >> it's a storm out here >> it was very storm

people, together on tv unknown russia russia in a new way a new channel in the package of ntv channels dimon’t repay you yet. you can fedya you can pass. now let's go, it's a long time your people aha played together. sucked in somewhere, pineapple. damn are you out of your mind? what? do you bumper stink is scrap metal? they ran to the cops inspected. yes, they themselves don’t know him, he left his grandmother and left his grandfather. okay let's go. guys, i warn you for the last time the number of your garbage truck. i wrote down, it's clear tomorrow the money is here. we still have money no vasilkov and you, how green is calling here, he says, pasta, two two. guys check out the apartment. who who repeat i did not hear. i believe that kirill shveikus should not be registered with the inspectorate for juvenile affairs. olga vyacheslavovna recently you spoke a little differently . grigorievna, i changed my mind and, in fact, i think that everyone can find a common language with this boy. what to learn from him, for example, a heightened sense of justice mercy to boast of these qualities. wh

which ukraine has been waiting for may be announced closer to the vilnius summit e colleagues kyiv dimonry much for the one-day news well, as always, for the detailed story, this is dmytro onopchenko, our special correspondent in the united states was in direct contact with the united states, they are closely monitoring the situation at the zaporizhzhia npp and emphasize that the situation is dangerous and that the plant cannot in any case become a combat zone. reported that the threat of a terrorist attack by the russians at the gas station is gradually decreasing. public and non-public efforts of ukraine contributed to this. on the other hand, relax for a while, according to the energoatom data, the russians want to transfer the fourth power unit of the station from kholodny to a hot stop. this could lead to an accident . energy experts say that the fifth power unit is still operating in hot mode . the system can also stop the operation of two power units in this mode

and you said, let me ask jamie dimon, is that what you said? thasunda: not exactly.t was a long interview process. and clearly, they were able to tell me all the wonderful things about this company, and over time i fell in love with the company and realized that this definitely was the next best move for me and my career. i think this is the most amazing job. i get to lead a company, a fortune 100 company that is anchored in a mission to make sure that everyone has access to retirement and can retire with dignity. so, yeah, this is a phenomenal opportunity that i get a privilege to lead. david: so, are you surprised there are only two women, you are one of them, running a fortune 500 company today who is an african american woman? is that surprising to you in this time? thasunda: it is surprising in one sense, but not surprising in the other. it is surprising in the sense that there are so many talented african american women that could absolutely lead a fortune 500. it is not surprising because we know that there has only ever been three full time, four total, to ru

x there iv and ze and someone wrote in the comment there where x there for you and u and - dimon andat eh dear friends we are going for a short break then we will continue we will find out what is happening in mariupol we will be in touch peter andryushchenko, adviser to the mayor of mariupol, stay, it will be interesting if you like a woman. she can do everything . probiz femina - this is your useful microflora, if she is the norm . you can immediately see the skin, hair, and everything else is just fire. what is here? 10% in pharmacies the traveler mr. and the savings want to wake up rested and full of strength, but from the old mattress the whole body constantly hurts and on the couch you can't turn around, you can't find a comfortable position, you need to improve your sleeping place meet the new product from the experts mattress tv mattress stopper kasper ortholight instant solution to the problem of an uncomfortable sofa or an old mattress at a good price for only 999 uah old sofas uneven mattresses springs sticking out all this in the past mattress stopper auto life your deep

said would you like to be the chief executive officer and you said let me ask jamie dimon?hasunda: not exactly. it is a long interview process. they were able to tell me all the wonderful things about this company and over time i fell in love the company and realize this was the next best move for me in my career. i think this is the most amazing job. i get to lead a company that is anchored in, a mission to make sure everyone has access to retirement and can retire with dignity. this is a phenomenal opportunity that i get a privilege to lead. david: only two woman are running a four to 500 company today that is epic and american. is that surprising to you? thasunda: it is surprising is one sense but not surprising in the other. surprising in the sense that there are so many talented african american woman that could lead a fortune 500. it is not surprising because we know there's only ever been three full time, four total to run a fortune five and it just says that we have a lot more work to do, not just corporate america, but other facets of our society. david: were you d

yes, of course, hi let's go sit down with me dimon brotherly with me. of course great.let's drink to the meeting. what is the original proposal? while in memory, i have something to help you, of course, than one good person needs to transfer part of the forest for payment to the account of the forest allotment. and i recognized you, i saw your photograph at baba zina's house. you've arrived quickly, have a seat. teeth found snow. i listen to you. i was about to go to sleep and look ill. lives alone. i wanted to drink water. i went for water. fell down on the way. head straight. that's the way things are. if you want, i can take you home. hello, please have a seat. here lyudmila zinashla baba. sorry, how are you? i visited her sometimes. okay , maybe, yes, maybe not. die alive son who do you wish? thank you for coming to the funeral. ok. with a place in the cemetery, i agreed. she is now where only tomorrow they will let her in. okay, let's go, lud, let's not interfere. let's go, let's go eat a long time ago. this is me. one raised. i don't remember at all. there is only

yes, i almost did not drink dimon treated me. time already talking to work. then the pope died before his death and sang to the enemy our proud varyag does not give up, in short, they closed the topic. so the business meeting is so important to me. try not to spoil anything. please don't say anything . come on out, we're late, she's sweet. hurry well, you, we straighten up. i said in a whisper so you can come on. good day everyone. nikolai alexandrovich very nice, so she is present we plan to open a large network of hypermarkets throughout the moscow region, and there will be space not only for a store, but also entertainment centers for children , swimming pools, and even water parks. so we want to start with pervomaisk, varvara and i really value family values, right? we understand everything and have nothing against it. but how will you solve the problems with the estate with the estate on the territory of your construction there is a historical monument, the estate. i have no idea. well, where are the three bricks. please, of

>> jamie dimon gave a blockbuster of a speech last week.ica is in pretty good shape, given all of the concerns we have as americans. now, he may or may not be running for president. wall street isn't that great. there's not a lot of deals now. in real xhamerica, the economy strong. >> the white house is trying to make bidennomics. >> that's a tough one. >> do you think the more they say it, maybe people will start to believe it? >> they could do a better job of communicating successes. joe is not out there stumping -- excuse me. president biden is not stumping about his successes. he's modest of what he's established. he's been as successful a president in the first two years of his determine as you can imagine. >> it is an interesting phenomenon. the pandemic and installation are two things that mess with people's psyche when they look at things. >> people are cranky. >> people are. i'm not. you're not. thank you for sharing your joy with me. great to see you in person. >>> this will cheer you up -- s catastrophic floods in the north. and

okay, we'll find a place to live really dimon just notice tatyana ivanovna that i'll leave with yourloser . here is one money. here. so that tomorrow you will not be. stagnation of blood in the veins, here, at least you need a massage therapist otherwise varicose veins. quit with alcohol, you absolutely can not drink. so andrey, i still selected a few of your works. they are ready to buy them without frames. at least the massage therapist will be paid whatever you decide. why do you need an opinion, freak? stop talking to your wife like that. you can't imagine what you've been through. this woman is a saint. i noticed when half a liter of semi-sweet taxi pours you in, it glows from the inside, whoever said pavlik should not mess with him. he does not understand that the finished egoist wishes him well, listen. and what your personal wonder? with my wife are you already sleeping? andrew shut up, this is too much. and why are you silent about the main thing? about love words what? they haven't been like this for a long time. and where do they go? say thank you for taking thank you what

don't be afraid, i'm careful dimon. everything 's fine. you see, dear, inaccessible to many. hurts the phone, do not slow down, i'll be free. don't worry about the order, buddy, chinese fake on the internet. come on, take off your backpack. should be programmed shotgun yeah or you hunchback in the head to load a superhero worthless i'll take control. and in terms of hardware, a new generation ship designed by the central marine design bureau almaz is in command of the ship captain of the second rank, loginov there, the father is his ship. just don't mix up the letters. went aboard the ship, the young nakhimovites, the fleet received a worthy successor to the traditions of the heroic defenders of cleaning journalists, now the museum is running aha i wanted to say well, not to say, but someone promised to break his nose. marriage heroism courage and selflessness shown in the performance of civic duty saving people who find themselves in conditions fraught with a risk to life i order to award certificates and present a valuable gift watch of the vice-arbitration of the first art

given them time and pressure we know that jamie dimon has been saying use this time to fix your balance sheets. can they sell loan assets? pack west has done that, it's taken some of the pressure off, the stock has improved but for them to sell loans they have to absorb losses and hits they're loathe to do that. they're in a bind. they can't raise equities. the long players are not buying banks because rates are still rising so they're in a fix. >> so basically people expect not necessarily expect this quarter or in a fleurry, the net couple years consolidation. >> it's been the last few years they were consolidating. there was 13,000 banks in the country now there's 4,200, the consensus seems to be cut that in half so there'll be 2,300 banks. >> and it might tell us who are the acquire raes and who are the ie choir -- acquirers. is it going to be a top five bank or second tier? >> the action i suspect is below the megabanks. their deposit bases prohibit them from buying other deposit institutions if you're under 250 billion assets like scp, first republic, you can skate with lower over

jamie dimon has made that clear, elon musk has been fed up with the work from home, the wall street journal away. >> i think remote work is going to stick in some capacities. you have to look at certain demographics. you look at new mothers like myself when you have these technologies like star link that are helping mothers have a support system in remote areas. people are not going to give that up they have a taste of it we see a baby-boom post covid by people who already have one child. that is something to consider when you look at the broader picture not just productivity in that regard. i believe this is going to continue i think collaboration happens in the office there is a lot of utility but at the same time people got a taste of something. cheryl: one little trick i'm not going out this person but she has a habit of leaving her laptop open so her available light is on but she's not exactly available. >> close it or put a finger over the camera. i'm not mentioned in the company or the thing of the person. thank you for joining us, we hope that the market continues on this street. as

that right now, james goreman around the management team can be mentioned in the same breath as jamie dimond about trading, investment banking, morgan stanley all day phenomenal management team >> jimmy the bull, citi must be you. >> i'm with brian on the financials here. and the money i take out of goldman might be recycled back into a financial but citi has come back from that ridiculous response to good earnings next week >> jenny >> crown castle. i added it a month ago it was down 5% where i bought it a month ago, now a 5.5% yield. >> good stuff. "the exchange" is now. ♪ ♪ >>> thank you, scott welcome to "the exchange" on this national hot dog day. i'm kelly evans. here's what's ahead. the soft landing, maybe even the no landing has become the consensus. but just as we are declaring the coast is clear on the economy, could we be caught off guard our guest warns the market is overvalued and recession risk is super elevated he's standing by to make his case >>> and shares of car vavana ha rocketed to the downside and upside up 30%

i asked jamie dimon on the earnings call last friday, what about these new capital regulations? if capital must go up 20 percent for the banks, who gets the business? the same week that the vice chairman of the fed gave a speech about the higher capital requirements, apollo hit an all-time high. dancing in the streets is what the ceo said. a lot of this business will go from the banks to the nonbanks. sonali: the question i have here, if capital rules are going to tack fee-based businesses, if they are going to attack trading, how does that lower the roe on business over time? goldman sachs is building a home business around that dynamic. mike: i wouldn't use the word "attack." i work at the federal reserve. their job is to prevent financial crises like we had in 2008, 2009. they are doing it across the board so it is not just treating or fees. it is also loans. if you require banks to have a lot more capital, their cost of goods sold goes up, makes some customers unprofitable. you say forget it. you hear from some private equity firms say that they are tricked over the business

there's still -- jamie dimon is talking when consumers run out of excess savings the consumer will retrench. they retrench an economy, a recession. aware of that. i think we all are but i don't think that's taking the economy down. >> also must not think it's going to happen. you can be aware of it two-thirds of the economy rolls, you got a problem. >> offsets that's the labor market remains tight. i think that wages are going to continue to rise faster than prices and baby boomers like myself, 75 million of us net worth $75 trillion a lot of my friends retiring i'm not. what do they do all day? spend money. there's a lot of that going on >> what do you make of what's taking place in tech that make you any bit nervous about -- you think those valuation are justified? multiple expansion seen there? >> started out the decade talking about that you have, 2020, roaring 2020s. didn't take long to look totally delusional had the pandemic we had the economy getting better i'm feeling good about that outlook for the rest of the decade i think technology is going to make a huge difference to product

and we don't know who they'll be but that they're going to happen and waiting if the wings, jamie dimon of jp morgan ready to buy things up and all intents and purposes the way these large four big banks are sitting and waiting for opportunity that's going to come their way. >> yeah, i think on balance the banks are in great shape and you might get twinge for the earnings and scott pointed out it's all about the guidance and the stock market is a forward looking indicator but on balance, the economy continues to bum along. weave had some reasonably benign inflation numbers but certainly is helping the broader market but i don't thissen think we're out of the woods yet and on the one hand there's a economy, that i think it's good that they refuse to roll over. you want to continue to spend money and a fed in the middle trying to control everything and the only tool they have in there in their tool box is raising interest rates so i for one think interest rates are going to work their way higher and for longer than anybody thinks but for the moment, the good news as far as stock markets a

guy: when jamie dimon talks about them dancing in the street, he has the idea that jonathan gray hascing shoes on. sonali: he made blacks -- name blackstone apollo by name when he mentioned that, and. and i ask him are you dancing in the streets? he was cautious of how he answered. he said we work in conjunction with the banks. he does not want to seem like his rivals are taking the share away from the bank and they work so closely with the bank, but that being said we are not being just with the big banks being competitors in underwriting, he also mentioned private credit firm has a backlog when they look at future deal activity. they have new deals just as other banks are. it means that they are also competing with regional banks more and more. when you get into the second phase, or partnering with the regional banks as they look for ways to bring more capital into the economy. listen, and does not come without scrutiny. there is the acknowledgment that there is a big relic -- regulated industry and you get past $1 trillion and the eyes are on you. could there be more regulation mo

that is despite the ceo jamie dimon pointing out that things are not necessarily looking that well economicallyell. you had wells fargo beating earnings expectations. they'reing 57%. if that's continuing be the case, it's a general sense that the economy is still on the up. but, of course, big banks want the problem with the regal lenders that were there this year. >> that's certainly something we've been talking about in washington as well. a little something for the gamers. microsoft signed an agreement with sony to ensure call of duty would stay on playstation. tell me why this deal is significant. >> yeah. this actually changes the whole spear of authentic this. could mean we're an inch closer to getting deal done. microsoft and that $69 million purchase of activision blizzard is closer than it had been. that's because the ftc was fighting the fact or they thought a deal like this would industry and that would mean games like call of duty that are being noted here, wouldn't be available to all consumers and they would keep it for themselves and others would not be able to get it. what happe