josh, he was tongue-in-cheek, sounding like the analyst dimon rather than the ceo dimon. his point is well taken. you're a shareholder. what do you make of his comments? >> it's probably true in 2006, 2007 jamie walked around to the trading floors and asked the prices for some securities were, mortgaged back, and the trader would quote him the price. oh, yeah, sell some. one by one traders would try to do a trade and they would see those prices were not real. it's not in the headlines anymore. we had now all of a sudden pretty much if you have money in a bank, don't worry how much it is. you'll be fine. the system can't afford there to be a failure. what are the new risks? a story in "the journal" today about broker pockets. all of those old ticker symbols we talked about in march and april, same companies in the story now. what are they doing? buying huge amounts of cd deposits. this is almost like an artificial funding. there's nothing wrong with this type of activity until it's at the level, up 86% year over year. $1.2 trillion. this is regional banks buying deposits.

dimon said he is cautious about the outlook for the u.s.conomy. >> if you have higher for longer and good growth and inflation is kind of contained, that's good. you have more fighting per capital. the world needs it for remilitarization and i.r.a. and huge deaf -- deficit spending. that was a global phenomenon. it is a sugar high. that is the little bit that will do go away. you hope for a soft landing. you have the oil, gas, the winter, disruption of trade flows. good leadership on india and china and europe and u.s. can make sure the negatives don't happen. i put myself in the questionable category. >> daniel morris is joining us from bnp. i came back from a week away this morning catching up on all i missed. my take is reading through the comments and speaking to investors, it feels like the biggest piece of news came from the fed. a hawkish fed led investors to re-price the outlook for rates. higher for longer is the name of the game. what do you make of the shift of market narrative? is that the right way to think about it? has the na

jamie dimon is saying that. spending higher than in the history of mankind other than maybe world war ii and he's blaming green energy spending sg and saying he's blaming biden's inflation reduction act and the chips act and what part is disinflationary? >> none of it. none of it is. you know, if you give all this spending out there and give all the money freebies transfer payments and people will stop working and go and shove their friends a beer and buy more and work a lot more and demand and less supply, you'll get those prices rising and higher interest rates and look at what's happened, elizabeth, to the price level since biden took office. it's up 17, 18%, something like that. i mean, that's a huge increase in the price level. that means all as sit values de-ticketed and getting you back to where it was and taxes are higher and capital gains tax and depreciation and equipment you should companies are tax and will all is happening and it's creek and it's very dangerous and we need a total change in governme

fox market alert, jpmorgan chief jamie dimon says investors need to prepare for 7% rates.ndia while he was in india that he predicts the fed could punch its benchmark rate to 7% if stagflation, that's stag stagnant growth and high inflation, kicks in. and look at how trishly yields are responding -- treasury yields are responding. the 2-year at a 5.14% even here, and the 10-year up 1.7 basis points. so we're looking at really high rates this morning. keep in mind this morning the 0-year had dropped to 4.8, so now 4.55%, yes, it's moving north ward. as far as stocks are concerned, monday's gains are are erased. we have got the vix popping 13.5%. that may be the high of the session. i'm thinking it's very close to it. the flation part of dimon's stagflation warning, okay, that is weighing on consumer confidence. september's gauge fell more than expected for the second month in a row due to stubbornly high food and fuel prices. but 7% interest rates? the markets really don't seem to to think so. fed funds futures show traders are barely betting on one more quarter-point hike

>> quite cautious category jamie dimon. the most important banker on planet earth you , i would say. we know our affinity for him obviously, the market hasn't until today or at least the last couple weeks, and we've thought for awhile, at a certain point, interest rates are going to matter well, turns out they matter seemingly north of 4.3% in the ten-year and rates continue to grind higher and it's for all the wrong reasons. and i think there's this sort of recalibration going on in the market, that frankly, it's quite healthy, but it's going to be painful. >> we were chatting about the call from andy back in august, mid-august, around the time -- that was the time of the fitch downgrade, also when the boj started tweaking its policy. and we're facing, now, a government shutdown, slightly different, but sort of the same kind of thing, emphasizes government, you know, dysfunction. >> government dysfunction. and also, it was the amount of treasuries to be issued was going to be enormous and they would have to go further out

jamie dimon talking about 7% fed funds rate could support higher rates.sewhere, the transports, the russell 2000 is well below the moving average. stoxx, nowhere to escape, except for energy, which we are not showing. let's have fun. extreme chart. not as extreme as it could be. this is the financial crisis. this is the rally out. this could be a double top, which is what happened in '08. one thing that makes a compelling is the second peak is lower than the first. on the first, the buyers took it higher. the second, they almost got there but they don't feel good about it. there is the peak of the financial crisis. we are kind of extreme. q4 storm, could be setting up maybe. guy: i agree, that second peak, fascinating. thanks. that wraps things up. you good to go? alix: i don't know. we really don't know what to do. i mean everyone who works in the studio, how to make it home. the storm is going to keep going until tomorrow. this is crazy. guy: good news is, she bought a pair of boots. she can walk. multitask. this is bloomberg. ♪ from the heart of where

i want to bring up what jamie dimon said. he said to say the consumer is strong today meaning you'll have a booming environment for years is a huge mistake. >> i agree. i think that those fiscal issues, whether it be energy or the debt and deficit, those are going to be the drivers that reignite inflation. you know what's going to happen, todd, the way this comes out before the next election, is if we get a brutal winter. if we get a brutal winter, whether here or in europe, those energy prices will go through the roof and that is going to send everything in a cascading domino. cheryl: you know what? the farmer's almanac is predicting a brutal east coast winter and believe it or not, janice dean will disagree with me but farmer's almanac is usually right on when it comes to long-term forecasting and they're saying the east coast is going to be hit by snow, freezing cold, so to your point about energy prices, get ready. that's going to be -- again, he didn't fill up the spr. he's canceling gas leases, he's doing everything ant

jamie dimon weighed in.e are two smart guys but they are looking at the distribution of what we will do an jamie dimon maybe they don't agree but it's looking at one outcome that could be out there. people here are looking at the margins. the first and second derivatives in bonds and affects. it's like calculus. lisa: i'm looking at the idea that the risk is increasingly to the upside and everyone it talks says the risk is the economy is that much more strength behind it. we are back to pre-pandemic times when it comes the savings rate for the vast majority of people in the u.s. is that accurate? is the risk going to be on the downside with respect economic data on the upside with respect to strength? tom: we will talk to david page in a moment. lisa: the senate is nearing a bipartisan bill on a short-term spending deal. it could avoid the government shutdown. they could extending -- extend funding for 4-6 weeks. it could put a lot of pressure on house speaker kevin mccarthy because if he has to bring this t

you were talking about jamie dimon.cted value or not, it is -- people have widened out their scales for exactly how high this should go. that at some point gets overdone assets are surging in long-term in the trading volumes have surged in the long-term treasury etf. it seems like we're at a point where maybe it is time for a breather we'll see. >> pick your pain point today and megacap tech amazon is the biggest loser in the complex, down 4% around the ftc headlines. >> amazon yesterday was up 1 or 2% the upside, the biggest contributor to the upside on the s&p 500. it was sitting up there on a perch. aim z amazon and alphabet outp outperformed, they had time to back off that's what i do think makes sense in terms of the reaction, even though we're two days removed from "the wall street journal" story about the hedge fund that has made a lot of money betting that lina khan is going to fail in all these efforts. the ftc wasn't going to succeed in all these cases it showed you the market was a little vulnerable to the id

. >>> jpmorgan chase ceo jamie dimon is urging caution and warning that despite the positive sentimenthe still high has major concerns of the american consumer. >> if you are spending like a drunken sailor, that is a big butt. >>> and european equities make a muted start despite strong gains on wall street and uk wage growth tops inflation in the three months to july. >>> warm welcome to "street signs." we will kickoff the show with smurfit kappa. the company is announcing the tieup with westrock. the company has a combined revenue of $34 billion in the 12 months to the end of june which says it will make it the world's largest packaging company. it will continue to be led by tony smurfit. westrock shareholders will receive one company share for the current shares and $5 in cash. let's look at westrock shares pre-market and where things stand this morning. we are looking at a nice bounce in westrock. quite a different story for smurfit. karen has stuck around from "squawk box." karen, what more can you tell us about the rationale for the deal? >> smurfit going from a medium box to a la

jpmorgan chase's ceo jamie dimon says the u.s. economy is doing well, but it is foolish to believe this will last for years. speaking at the financial conf conference, dimon saying rising wages are supporting conditions for now, but there is risk ahead. >> i just think people are making a mistake to look at real-time numbers and not look at the future. the future has quantitative tightening. we are spending money like drunken sailors. the war in ukraine still going on. the state of the consumer is strong today meaning you will have a booming environment for years is a huge mistake. >> let's get retoox thaction to with delano sapuro. >> thank you, frank. >> angree or disagree with jami dimon? >> you know, i would say somewhat. i think if you look at my call and saying you have short-term pullback and over the spring and summer we have been rising over that time period. if you look at it, july or late july is where we saw the peak, then that has to do with what jamie was speaking about. september is the worst month for the year for

jamie dimon mentioning 7%. he used to talk about 6%.ts seem to leave these yields higher. bloomberg dollar index currency moving up 4.42%. money out of the system, monetary conditions tightening. what were the effect on the economy and the longer-term be? when we put together the s&p 500 chart, it is clear we now have a breakdown. we watched this patiently. it was not clearly a break up or down. right now it is breaking down. could still pull back into the range. but we are below the 200 day moving average. there is the rsi. not the best set up. kind of a bearish feeling. september is the seasonally worst month for the s&p 500. october not great either, especially for mainstream market moves. some setups are may be of concern. tom: abigail doolittle with the breakdown. in you. let's get to one individual story. cosco set to reported earnings after the bell. comp sales have struggled after seeing a strong covid-related gain. senior analyst joins us now. has a buy ready on the stock. the last time i checked, the stock was above the price

jamie dimon's warning as well. we will dive into all of those topix coming up, david solomon warning that it will be hard for inflation to cool without an economic slowdown. we will bring you the words from the chief of goldman sachs, next. this is bloomberg. ♪ >> it is going to be hard to get inflation back to the target. that probably means if inflation is sticky, we will see additional interest rate increases, and ultimately that probably does lead to more of a slowdown in the economy. whether that's a recession, or just a slowdown, it's hard to say. but it would be unprecedented to go through this type of tightening cycle and not see us get to slower economic growth than what we're seeing right now. lizzy: goldman sachs ceo david solomon speaking at the american energy security summit panel in oklahoma city. let's get more with paul dobson, executive editor for asian markets. let's kick off with market pricing. as david solomon said, a slowdown may be on the cards. talk to us about what that looks like in terms

chris, jamie dimon has been warning about, you know, worry under the surface for a long time now andt again. >> that was last year, it was the hurricane that had everybody all riled up last year. this is why i'm not buying the federal reserve. everybody is talking about higher for longer. i'm sorry. i agree with rebecca 110%. you've got all sorts of issues that are screaming recession coming down the road and listen, i don't really care about the gdp numbers. anybody can be their own do it yourself economist right now. you speak to clients out there, like what in god's creation is going on with the expenses, oil, food, you name it. that's what's most important. we're going to get juiced when it comes to the gdp because all of the government spending is coming down the pike starting next year and the year after. the reality at home is what matters right now. we've got a political season that's coming into next year and i think the fed's going to feel the pressure of lower rates next year. maria: well, we'll see. i mean, the market rallied so much this year on this whole notion that th

dimon it's great, remember me standing? fuck you!try of internal affairs look, with one click of a button, the ses, fire protection and drug control are called. and i will also be happy to tell the owners of the club that you ratted them out? listen, what don't you want? i want you to tell me who took my camera. you don't know him well, i'm calling. wait, in short. the earring drove him, what else do you know about him? as he was sitting, well, so, maybe they are showing off and sometimes he comes to us, the security doesn’t touch him. i don’t know why you’ll still stay now. what are you doing? this is a voice recorder. no, of course i can the official report does not reflect that it was you who turned in the thief named serga and that it was you who turned in the club’s security, but can i reflect it. damn it, what are you going to reflect or not? in general , no. i wouldn’t want any of this, what you want is for you and me to become friends. this is my business card, here you go. why are you upset? you are a legitimately obedient c

>> it's my fault. >> you're jamie dimon-like. carl, they went to the same college. >> it might be a tufts thing. >> well, at the same time pretty constructive comments out of wells talking about the consumer and moynihan, consumer still has two to three times more cash than before covid especially at the low end. >> carl, i know you keep an eye on b of a's credit card research. expect soft retail sales for august, keep calm and carry on, not a hurricane story. that has to be about hurricane hilary, as well reminiscent of comments from dimon sometime back, a return to trend-like spending. guys, i also wanted to quickly end on sort of the broader market. today is an investor day for brookfield corporation. one of the largest alternative asset managers in the world, $850 billion in assets. we cover the public markets, but the private markets as we pointed out many times are ascendant and bruce flat certainly made that clear in a conversation we had. take a listen. >> i think you need to just step back and think about two big trends

final point, i think for whatever you think about jamie dimon talking about a 7% feds fund rate, it's there's no end in sight, yields can only go higher from here, because it shows you that the psychology is starting to overextrapolate the move we'll see if that puts a cap on yields can the economy handle where yields are >> obviously, dimon says things that make us talk, whether it's the hurricane comment that we spent a bunch of time talking about, wondering how bad this might get as the fed was on its, you know, a path of raising rates to this degree and now he's throwing another one out there for us to think about, though. >> for sure. and i also think you have to take it as it was delivered, which is risk management you know, he runs the bank that's going to be there when all the banks are gone if something awful happens. that's his whole brand be ready for stuff you never thought could happen, great. that's an interesting premise, it's not a prediction. again, i think when the talk gets in that direction, or even a lot of technical targets saying the ten-year goes to 5.2, that c

stuart: is often called america's top banker jamie dimon says it will be a huge mistake to think thathe economy is going to boom there so many risks after. >> i think is exactly right the idea that always stay in a boom and we can never have economic setbacks and never been true economies move in cycles and we will have other slowdowns right now are in a muted. and we have been for a while it's muted economic growth. >> is very assisting and dramatic and clear fashion data. >> that's what you have me on. >> for the entire hour? you have a lot to say. what more for you? the house is back in session today speaker mccarthy has to juggle between avoiding the government shutdown and launching an impeachment inquiry into the president. some on the hard right what the impeachment inquiry in exchange for passing the spending bill, where do you stand on this. >> there's a lot of people that like to fund raise and use the word in your intro, get ready for annoying headlining stories and i have to say that's what i think it is it's annoying it's not a market story market was up eight out of the

we have jamie dimon saying the world not be prepared for a fed funds rate of 7%. now he says the worst case is 7% with stagflation. what do you make of these comments? charlie: look, i think the world is certainly not prepared for 70 -- 7% rates. we would have a deflationary asset unwind and it would burst a lot of asset doubles. it simply would not be sustainable. we have already had an incredible rate hike insight although the lag effect of that is still to be fully felt for economies as much as economies are showing signs of slowing we have a number of things which probably point to further slowing in the u.s. government shutdown is a cherry on top right now. but 7% is an awfully long stretch from where we are and would bring a lot of pain to consumers and corporates that need to refinance existing debt obligations. rishaad: so, i mean, at the moment at least, is the path of least resistance, given the mood music out there, not least the shutdown in the offing for the u.s. government, is the path of least resistance for bonds to the downside. charlie: look, it

i want to ask you about the comments from jamie dimon.nsumer. listen to this quote he said to say the consumer is strong today meaning you're going to have a booming environment for years is a huge mistake. he also says that he was worried about central banks raining in the liquidity programs, quantitative tightening as well as other issues around the globe, what were your reactions to his comments? >> he knows everything because i have a huge credit card business and they see the spending to know how people are paying back. one of the things showing up in the latest round of data, that is a personal income has come down and yet consumer spending continues to climb you cannot have that equation going on for much longer, there has to be a give-and-take. what were probably going to see is consumers we know are being more deliberate. if the labor market weekends and companies may have to do that, look at the wage packages that companies are dealing with. the packages to avoid a strike are enormous. if they can't pass along the higher prices,

jamie dimon talking about fed fund rates at 7%. the economy finally really breaking down and by the way quickly, bond yields certainly don't point to an economic confidence. maybe just the fact that the market needed to, rally needed to take a break. listen, another problem, everyone is certainly beginning to be tapped out. that is exempt for the richest 20% of americans who have been carrying the load. peter sank on how long that can continue. president biden trying to show he is with the union even as he pushes a ev agenda that will kill automaker jobs. how ill-suited unions are for the modern economy. you don't want to miss my takeaway why unions should not be in bed with elite democrats. all that and so much more on "making money." ♪ charles: it is bears hunting season in the stock mark rhett, right? hedge funds to retail investors not only are folks piling on, they're really betting big the market will take a swoon down. there are a number of reasons for that, right. take first and foremost the rally has not been that impressi

one guy who is not confused is jamie dimon.sterday about bonds and oil. i would not be a buyer of treasurys at 4.2% or nor would i be a buyer the credit spreads at these spread levels. let's start with the bonds. are you buyer? are you in the camp saying hey this is once in a lifetime, once in a generation opportunity to buy these bonds? >> i think so. i think it is definitely looks good. let's look at cpi number tomorrow. say the cpi number comes out lower than expected. the whole notion of higher for longer to fight inflation somewhat falls apart that might force longer term yields lower. say for a second the number comes out hotter than expected, all of sudden pushes the fed to being more aggressive on the short term that also could invert the yield curve a little further with the notion they will overcorrect on the short end which they have done every time before and forced yields lower too. plus the confusion in the market, if all of sudden getting higher inflation again, we're getting fed back in play, the safe money may

even jamie dimon isn't too hot on the group right now. the details next. >>> plus, semis surge. qualcomm landing a sweet deal with apple for the next few years. a chip check and the latest curveball being thrown at apple in china. you're watching "fast money," live from the nasdaq market site in times square. wee ckig aerhi'rba rhtft ts. with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable trainin

jp morgan ceo jamie dimon speaking at the detroit economic club at 1 p.m. and i and curious how much they indicate that strength has further room to go. do they push back against that at a time where it seems like you are getting raises and can push forward? jon: i am interested in the fact that it is in detroit. lisa: president darren, -- president jamie dimon, do you think he is going to do this? how much will he wait in on this? we have earnings from fedex which has gotten abu sofar this year from yellow and ups as some negotiations there with the unions. i am curious on what they say about the labor. jon: joining us now is then laser --ben laisler. you are the master of what can go right. what could go right? ben: do you want me to give you the whole list? jon: is it that long? ben: wrote this a lot better than it was and core inflation continues to fall and i am comfortable that that will continue. that is taking the biggest risk off the table. the fed will have to keep hiking . that is gone and the earning cycle is turning up and it doesn't have very

that could equal 6% which reminds me of jamie dimon. yields higher for longer. nike up 8%. they are getting through this inventory issue. what's happening with nike's earnings and consumer strength? overweight rating on nike, 124 to 119, great to see you. are they getting to grips? is the worst of it behind? >> the worst is behind. this quarter last year stock was in a similar range. the new news at that point was that they had a load of inventory that came onto the market may to september. they talked about selling five quarters worth within four quarters. spring, summer, fall, winter. the clock started ticking. they were trying to get rid of it. there's another word for stuffing. now we are on the other side. it's part of the cycle of purging. alix: a year ago, it was inventory. now the consumer could get pinched. student loan repayments, etc. topline problem? adrienne: correct. transfer the risk from company execution on the back of supply chain -- with vietnam production, working through controllable factors -- they got a handle on the things they can control. cost comi

the yellow-blue will play with brest dimon at home in the twentieth round of the national championship. with a great start and good luck two last year's gagarin cup finalists moscow cska and kazan ak bars officially opened the new sixteenth khl championship in the league 23 teams will perform since the vhl returned from tolyattinskaya lada regular season will end on february 26. during the smooth season. each squad will play 68 matches in this way in total. we expect a minimum of 1.624. the dynamo fight starts in the khl on saturday, september 2 , the whites will start the draw with a long tour along the route nizhnekamsk-moscow, nizhny novgorod kazan chelyabinsk so capital fight against the petrochemist. vityaz perch red star torpedo ak bars and tractors, total 29 bison sent their son the first trip. the team is 100% ready, everyone has been waiting for the start of the season for a very long time. ah, we’ve had a hard training camp well prepared through training games and we’re very happy to start the season already and of course i want to start at home in the rivers, but we’ll be ba

jamie dimon's prediction for interest rates just ahead. >>> and federal trade commission and 17 states are suing amazon saying it stifles competition. but can they force a change here. we'll hear from a legal expert. >>> in a setback for new york's mayor, a judge has ordered the city to remove migrants from a shelter on staten island that was once a private school. the judge said the mayor violated local laws on zoning regulations. the decision comes after a lawsuit was filed by a local resident whose property is adjacent to this former school. >> and the order bans the use of the site to house migrants. the city started moving them there in august amid a record number of asylum seekers. and the surge is also affecting other countries. thousands desperate migrants stop at the border of venezuela on their journey to the u.s. >> but as david culver shows us, they must survive dire situations if any want to have a better life. >> reporter: as you touchdown in southern mexico, be ready to share the road with migrants. we spot group after group marching north. many of those who just illegal

to go on the rate hikes dimon said the worst case would be 7% with stagflation the rates going from it was 3% to 5%. >>> eddy cue is set to testify against alpha bet today. he said the browser does not favor dpgoogle's search as muchs the doj claims. >>> and ford is pausing construction on the $3.5 billion b battery factory in michigan. >>> shares of thor industries under pressure after the company missed on sales expectations on the most recent quarter and issued a downbeat forecast shares of thor down 2.5% >>> s.e.c. collecting thousands of messages from the investment company on whatsapp. the firms include apollo global and kkr and tpg and blackstone. >>> and breaking moments ago, tesla in china is part of the by the block into the electric vehicles industry is receiving unfair subsidy as there was evidence to suggest a probe which could overwhelm the ev car industry. >>> centering around stocks appearing to subside goldman sachs finds leverage at fastest pace since 2020. and clients are cutting leverage since the october lows last year and joining me now to discuss is amy wu sil

cheryl: not at all, let's talk about, the comments from jpmorgan ceo jamie dimon he is calling for recessionrence here in new york yesterday. makes comments here is what got attention to say consumer is strong meaning a booming environment for years is a huge mistake what do you make about that. >> let's put this in context jamie dimon said a storm coming back on june 1, 2022, we did make a new roll back in october rallied ever since. he has always been cautious in commentary, you know we all know, you know, the inversion yield curve, ten to 2, ten to one i don't know anyone didn't call for recessionings just this year c i don't -- look at this as large or market moving, i think he is always cautious in narrative but when he -- cautious makes headlines. >> he said he talked about, quantitative tightening ukraine war said governments around the world spending like drunken sailors i think we can reality to what he said. >> we've been saying to that for aeons, i understand the current administration doesn't thick you will get caught up to but some point chickens come home to roost, the nonbusin

dimon spoke a short while ago. the conversation quickly moved to the topic of regulation which dimon calls usually disappointing. he says that a rules risk moving more business instead of the regulating sector and widens the gap. he jokingly polls hypothetical question about what regulators think is higher capital requirement meaning for bank investors. >> honestly, do they want banks to be investable again? love, i think we are going to navigate. >> obviously some laughter there. since details were reviewed the six largest banks have traded lower part due to concerns of profitability, moving business outside the traditional banking sector. we've seen it already with private credit, bridges and the like. it is a real thing. >> for sure. the market has definitely taken at the heart. on the other hand for regulars just answer the initial point, it is not really in their mandate to make the stocks investable. they want the system to hold together okay and ultimately you want them to be viable and make sure shareholder

>> jamie dimon continues to highlight this as a rugisk.saying, when the fed stops raising interest rates there's going to be tightening going on because of the shrinking of the balance sheet and that will be the test of whether that will be a headwind for stocks and the economy it's still a massive balance sheet people are saying. the whole question of stock and flow it's headed lower and that's an important signal, but we're still at high levels. >> yes do you know where we are >> we're in the trillions. i don't know exactly. >> we started at 9. >> in the 8s. >> watching paint dry. that's all you need to know. >> i always say it's a headwind for stock and where mike santoli argues with me. >> we lost 4300 for the first time since june. >>> other news that involves president biden making his way to michigan will join autoworkers on the picket line phil lebeau has been live on the picket lines for over a week now and has the latest phil >> i think we're going to be on the picket lines for some time to come. let me bring you up to speed wher

dani: one complaint we heard from jamie dimon post-svb is more regulation. you and your private capital appears will be dancing in the street. more lending will happen outside of banks and in capital markets. have banking regulations help to you? antoine: the framework is changing, especially after 2008. all these private capital firms were small, tiny firms. blackstone probably in 2009 there market cap was $5 billion, now it is more than $100 billion paid the world is changing especially in the financial area. there is more space for people like us. we discussed liquidity. there is more need for companies. for private capital players, there is a massive opportunity. regulators are trying to regulate more and more rate is it good, is it bad, it is happening. but the opportunity for private capital providers is gigantic. not only because of regulation but because the framework is changing. dani: on the liquidity point, we have gone 500 hikes from the fed, from the ecb we have gone from subzero to zero in we have gotten here. we have had svb that is a big, but

>> jeremy dimon, thank so much. let's talk more about that this and bring in national security analyst david sanger. david great to see you. >> good to see you, fred. >> how important was the trip to china and his most recent comments this morning? >> i think it was an important trip. it's a big effort to try to hem in china in the pacific where china has made great inroads in areas we were paying insufficient attention to from the solomon islands to new guinea, the philippines and vietnam. and what was interesting about this trip, to my mind, fred, was that we have gone from early presidential trips to vietnam. bill clinton did the first. i was on that. george bush did one. and they were still trying to sort out the relationship after the vietnam war. you didn't hear any mention of the vietnam war in the course of this. you only heard discussion of coming together as a strategic partner even though, fred, the president knows as he read it in "the new york times" that the russians recently signed a secret deal to pr

the market pricing more cuts, jamie dimon saying we will get more hikes, jay powell somewhere in the middle, where you stand? valerie: powell, when he did talk about this mentioned the fact that the economy is holding up better-than-expected. the fed is really going to need to see a growth slowdown in order to trust that inflation is falling to their target before they discuss cuts. before they even change from this hiking bias. they will maintain this bias up until the very end. the thing that will change their mind is a slowdown in growth. kriti: that's what's scary about it. a cut in theory prices in the idea that we will see massive deceleration in the data that happens way faster than expect it. it's kind of a doomsday narrative similar to what is surrounding the language around quantitative tightening. this is where the bank of england has the high ground. the idea that potentially you could see active sales on the bond market. in theory, that sounds scary to me and i am not even in the markets. should investors be scared by that decision? lizzy: cutie has already been going on

if i say, that means i know what i’m saying, the first match between minsk dimon was in yaroslavl inucumbers vyatka or what? well, yes, they are the best. and why barcelona? why such a nickname? well, they called me after leaving barcelona and i lit everything up. okay, georginovich, if you know everything, tell me, tomorrow the team will completely leave here the qualifications for the five matches. eh, besides, he broke something there, either a leg or a finger. where did you run off to, huh? hockey players leave the field themselves with any injury. even the hardest one. they will never allow them to be carried away in any way, but they will not reach the side. i want to ask you at least one thing. did you marry barcelona nothing 100 years ago? what started? and you? married, but somehow defective, but i don’t have children, but i never have vadim 11 was also sick. do we know when we corresponded? i didn't even think you were like this. this is how they play with soul. do you want tea, no thanks, you can go to the toilet only quietly. yes, i remember like a mouse. on the right, we

weighing, jamie dimon, the ceo of j.p.onference is week on monday he spoke at the barclays financial conference and he said americans are making a huge mistake to believe the certain booming economy narrative, he says it is a narrative. >> i do believe it is a narrative and we were just talking about consumers and consumer sentiment. americans are feeling this that two thirds cannot put food on the table their living paycheck to paycheck, it is causing pain other defaulting on their debt and overall consumer spending is trending downward on what they're spending maybe on experiences like taylor swift concert and day-to-day items they're not spending money on that. i think it's very, very problematic and bidenomics is a fail policy. >> jamie dimon talked about the impact of the ukraine war, monetary tightening by the federal reserve, increasing reliance on government spending let's not forget we get the cpi number this morning it is a week before the fed next meets and were expecting the fed to pause but does that change th

we failed and jamie dimon is correct, we failed.tter than liverpool? jonathan: man city? tom: i'm learning. jonathan: bob michele joins us next. tom: he has been an everton fan since whenever? jonathan: where did that come from? tom: i don't know. jonathan: i will get in touch and try to work that out. equities are lower here by .31%. this is bloomberg. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would b

and jamie dimon said he's not sure the world is ready for 7% interest rates, a hint of what he thinksld be to come and moody's warning a u.s. government shutdown would be bad for the country's credit with borrowing rates already at 16-year highs. now back to joe biden before we continue, though he's making more comments out in michigan at the united autoworker's strike. [ applause ] >> taking the bull horn back for a brief moment now let's go over to dean mackie and our reporter steve liesman is here, as well steve, just set this up for us consumer confidence dropped this morning. not a great sign >> i think you set it up pe perfectly. you started off with the two big issues affecting the economy you have the uaw strike, the government shutdown, and then the higher oil prices, those are all three challenges that are coming for the economy they're coming for the federal reserve. without the higher oil prices, the fed at this juncture might have offered some relief it's a bit in a box where these high oil prices create a huge challenge for the fed, where they can't really afford at this

jamie dimon warning interest rates could go up, maybe way up, to cool inflation.f that happens, it will be painful. this is what he said in an interview, "i'm not sure if the world is prepared for 7%, i ask people in business are you prepared for something like 7%, worst case is 7% with stagflation." since early last year the fed has rapidly raised interest rates from near zero to just over 5%. last yweek fed officials releasd pro projections of maybe one more rate like this year. think about this, buying a home or car right now, much harder. according to mark zandi, when you mix hire borre higher borro high prices, the typical american husbanousehold would no use 42 weeks of income just to buy a new car up from 33 weeks a yearing a go. national association of realtors calculates typical american family cannot afford for buy a median priced home. joining us now, one of the 12 fed officials with a vote this year, president of the minneapolis fed, neel kashkari. good morning. >> good morning. >> i was struck seeing jamie dimon because he chooses words carefully. is

why should we believe jamie dimon today. maria: ryan, good to see you.f corruption, that's how house speaker kevin mccarthy described what's going on in joe biden's office. he made it official yesterday, directing congress to a formal inquiry into impeaching president biden a. wisconsin congressman tom tiffany is here to tell us what that inquiry gets the republicans. stay with us. ♪ radio's on, you make me want to roll my windows down an cruise. ♪ back road, stop sign ♪ my name is josh sanabria and i am the owner at isla veterinary boutique hospital. i was 5...6 years of age and i knew i was going to be a vet. once alexandra called me to let me know that bank of america had approved my loan... it was important to me. we not only just provide the financing piece, we do everything that we can to surround them with the right people. all you need is a perfect, amazing team that will guide you through the right steps to be successful. and that's what bank of america was for me. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little p

. >> don't forget what jamie dimon said at conference earlier this week, that don't believe the hypef this booming economy, there are so many risks we're facing right now layering on a potential strike we will see what happens by midnight tonight i thank you mike bake other you jane mcentee joining us please come back soon mark you are sticking with us inflation data retail sales on deck august ppi retail sales house committee chairman laying out the case against president biden today impeachment inquiry gets underway california congressman darrell issa will soin me ppi 20 minutes' time all-hands-on-deck to bring numbers find the impaction on markets don't miss it you are watching "mornings with maria" live on fox business, we'll be right back. . >> tech: cracked windshield on your new car? bring it to safelite. my customer was enjoying her new car, when her windshield cracked. [gasp] >> customer: my car! >> tech vo: she didn't take it to the dealer. she scheduled with safelite. we have the latest technology for the newest vehicles. and we do more replacements and recalibrations than

between financial plays on wall street whether they want to believe in the story of jp morgan and jamie dimonere they like what they are seeing at morgan stanley, how does the action and other financial players in the ultimate stock performs their play into this story about measuring the success of goldman? >> ever since silicon valley bank failed, our theme has been goliath is winning, the largest bank scaled from the multi product, multi-distribution, multi-geographic platforms and the likes of goldman and morgan stanley and jp morgan have that in spades. that's one of the unintended consequences of regulation that came out of the global financial crisis. goldman sachs has the raw materials to play in the short-term and the long-term. that's a real competitive advantage. matt: do you think the bank is undervalued? price earnings price-to-book and solomon took over and the pe is a little higher but it's still just at 14. price-to-book is a little lower than when he took over. maybe i'm splitting hairs. >> goldman sachs is grown in value by 50% over the last five years and they still trade cl

point i want you guys to give me your take on a story we have been talking about david malpass jamie dimonices this week said americans are making a huge mistake to believe certain booming economy narratives how would you assess the economy. >> i think there are other shoes to drop you have a lag effect from the interest rate hike so this is quite a few sectors within the economy that borrowed money before the rate hikes they will run out of that money until not a boom, it, and i think another thing that he said very important is the capital -- thank you know, the federal government, and specifically the federal reserve is this giant regulator what banks are doing not working to encourage production. so the key tick away from this morning, i think every morning what did government do today to either increase or decrease output within u.s. economy? and for month after month the changes that are being made reduce thank you productive capacity that is including, in the bank regulatory sector that he has been talking about, it is commercial, banks are critical, to making the small business loa

karpin of forty -nine people, how did you perceive the program with which the team will live between dimonrom kirov and the tunrodts media team. yes, there are a lot of events, a lot of questions. well, this is unusual for our team . here is the format that here it is assembled in fifty rum practically and then i wonder about some internal parts, to be honest, curious to see what will come of it, because when you worked at lokomotiv , they said about the railway workers that my composition. although valery karpin explained that there would be a separation, not everyone understood. why do we need these after all we play against two different opponents. and it turns out two teams for some reason. and now we have two teams led by the same coach, the same coaching staff. well, well, this is how we decided to deduce such a formula into such a formula such a format, in comparison, what of this and honestly saying, well, once again the solution is new. yes, we will find new formats, at least the situation allows. hmm, i don’t know the last five halves. rostov doesn’t have a single goal scored, an

i read through the issue in jamie dimon. he is blaming politics on it the energy prices and food prices what you may see coming from that his comment is if they will have lower volumes and higher rates, meaning lower volumes of energy and higher food. there will be stress in the system he he said warren buffett says you see who is swimming naked when the tide goes out. politics is his biggest worry. >> we will see what deal the president can do if he gets the auto workers >>> president biden is going to join the uaw picket line i think his possible rival in the 2024 election was ready to do it, too both of these guys >> this is what pushed him donald trump was saying he will go there if you lose michigan, you will have a tough time winning the election the first time in over 100 years -- first time ever -- we had a sitting president going to stand on the picket line his chief rival was threatening to do. we had debbie dingell on last week she said he could lose she told me off camera she said he could lose michigan because t

as jamie dimon has said. for higher quality banks if you're going to own them. we do like some of the european banks. some stalwart banks here in the united states but i think the environment is tricky for them. the u.s. banks might be more in a holding pattern but we are definitely a prepared mind for any opportunity. tom: that is a brandywine phrase. it we are in a prepared mind. jonathan: do you have more confidence being long energy or short consumer discretionary? avery: long energy because we are not priced for it. the energy stocks are cheap. the emp is and their suppliers are very inexpensive. within consumer discretionary, we do have some modest exposure because you have companies pricing at a dire scenario but you still have -- it is very expensive continue to see pullback in spending. i think you have to be very valuation sensitive in this market with yields short-term over 5%. jonathan: given we have identified quite a few sectors you do like, when you start a conversation with you don't like a lo

jp morgan ceo jamie dimon taking aim at higher capital requirements that u.s.ing he would love to know what they really want to accomplish. says the plan would be a huge negative for banks over time, also question whether regulators have learned lessons from this year's regional bank failures. >> it was not the federal reserve in general. it was each one independently. it was each central bank. if i was them, i would have more humility over stuff like this. rishaad: we have the release of jobs data for the unity kingdom on. average weekly earnings grew 8.2% in july. same level as the previous months expansion. also expected to grow 7.8% and that would match less months increase, coming against the backdrop of high inflation. we do get these jobs figures as well later today. they will be out at 7:00 a.m. local time. jeremy hunt to says the government's on fighting inflation with price pressures remaining high. i spoke to him at the g 20 summit. >> i think it is unlikely because since the spring budget when the last numbers were published, we have seen inflation

monday a bloomberg tv interview with jamie dimon. tuesday sam bankman-fried's fraud trial begins.dnesday adp private payrolls. another round of job numbers thursday. friday the september jobs report could be delayed by a government shutdown. look at the estimates. from what we could get you are expected to see less headline jobs, fewer headline jobs added. the unemployment rate actually down a little bit. the jobs report may not be the only economic release affected by the shutdown. all these releases are vulnerable. all of them are very important especially thinking about cpi. you think about retail sales, etc.. again, we will see where we end up. and, what we are talking about this time next week. from new york, that does it for us. same time same place next week. this was bloomberg real yield and this is bloomberg. and this is bloomberg. ike changing tax rates or filing returns. avalarahhh ahhh i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your

so my friend doesn't have dimon, she does bite of them, because i'm does sometimes i don't even come just the recent reports by united nations children's fund. unicef showed that's nearly all gills. living in rural communities in ghana means 20 percent of the schooling because of this buick poverty. they know what's the missing? it's been maybe oh awesome. i'll also have my fits up from school. and my uncle usually sits in the classroom. evelyn, and i'm not the. if i come at, all of them are they have is what do give me maybe some advice. so some of the agencies, me maybe drunk or credits and so i have to take a look. oh, active is how formed goals club to talk about pubes and show them reusable pads. they give these paths to the goals for free without and this was a good to leave us if they can do what do you? this means that we applied for 3 years, then that means that the mental it a button to send it to appear to be what will be reduced. if park of disposable of furniture pads goes, i can use to yours. for many families. that's the whole, these the minimum wage. most of the price

. >> they got have 70 to call besides jamie dimon.nd guy that i talked to said would banks not always treated their customers will have a percentage point when the treasury is at five years that some of the syntax companies will do well but i don't know they built some of the apps to share money and then the banks come along with zelle in is just as good, i don't know. >> you do wonder what is going to happen and i think your paypal, venmo will eat away of the banking business. they will eat away but you're going to want a banking relationship somewhere.ni relationship somewhere.ni jack: a pair ongf investment ids from you too, if you love monday night football you should hug a nonsports fan. one bank for both. chase. make more of what's yours. [clicking] when occasional heartburn won't let you sleep. [clicking] get fast relief with new tums+ heartburn + sleep support. love food back and fall asleep faster. ♪tum, tum tum tum, tums♪ ♪ shelves. shelves smart enough to see, sense, react, restock. so caramel swirl is always there for the