, dimon, we you... dear, our fellow countryman, a general from the ministry, you can say a classmate,much, yes, i’m normal, neighbors, we sat for a while in the evening, all the guys, on horseback, just drop by my place, i ’ll quickly change clothes, i asked you to be more careful with this matter, why are you uncomfortable in front of dima, why are you okay? kid, what are you like me, a dunce, hello, hello, where is everyone, they’re taking the certification, and what are you doing, and i’m already fit to continue serving, daughter, i’ve been wanting to ask you for a long time, you have a relationship with sokolov, don’t you? dad, are you sure this needs to be talked about here? where else do i see you? no i don't mind you adults, this has no effect on work. what then? sokolov, a good man. but i want to immediately place all the accents. if your relationship reaches some serious stage. which i also don’t object to in principle, well , it’s too early to talk about it at all, i won’t say it once again, okay, so, we have neither a bakery nor flower farms here, we don’t need a family con

stuart: jamie dimon calling out colleges for failing to prepare kids for jobs.oken? what is he saying? ashley: he is indeed, schools are failing students by providing inadequate instruction and secondly not focusing enough on getting their graduates good jobs. the banking ceo says when they hire recruits these days they have to train them and jamie dimon founded the new york jobs council, a nonprofit that helps schools and companies create curriculum and training programs to place workers into high-paying jobs especially from low income communities. ceos and companies have a responsibility to, quote, lift up society. of whole parts of society are left behind it is a huge mistake for the entire country. stuart: a woman says she was kicked off her united airlines flight for accidentally miss gendering one of the flight attendants. ashley: jenna long gloria, her 60-month-old son and mother were attempting to board a united flight to texas when she made an egregious mistake, she referred to a flight attendant as a male using the word server. listen to this. >> unite

little bit expensive, but is there something else going on that would make you -- is it the jamie dimon do you think is happening? >> it's an interesting question, karen, because obviously jpmorgan in 2023 was the home run bank stock. it was the flight to quality stock. you remember just over a year ago, we had the banking problems, obviously, in the spring of '23, everybody gravitated to jjpmorgan. and now, what investors are seeing, if you look at the gdp number from the atlanta fed, they are calling for a 3.1% real growth in the second quarter, if we are in the soft landing, and we think we are, it'srisk on there's no need to own the safety of a jpmorgan. valuation is on the high side, as you point out. not certain that the retirement of jamie dimon at some point in the future is a factor yet, but certainly, i think, it's because risk-on is playing, should play better over the next 12 months versus risk-off and jpmorgan is clearly risk-off. >> gerard, it's tim. in that vaugein, and we've had s conversation, it's a risk-on environment, or maybe it's not, but that's an interpretation f

it's a point he made in a private roundtable, talking to ceo like tim cook and jamie dimon. the ceo on thes of the top companies make many, many more millions a year than anybody else because of those financial loopholes, drawn by congress, and some history by have been bipartisan, that's the back drop for trump vowing policies to hell billionaires above others, but also that is kind of an exchange of goods and services, right? a the lot of those people, how they criticized trump. thee get something tangible for supporting him. that is where romney ended up sounding out of touch, but trump knows, if nothing else, pr better than a lot of politicians. i want to mention this tonight, in addition to the report on the actual facts and the data in inequality, that he tries to make the point-'s above these ceos. then, with a little dash of "the apprentice quest and a banana republic, he says if they do not back his campaign, he should be fired. we know that word. think about it. that kind of bluster is not the top ten of -- it actually looks like he works for them, not the other wa

this year, due to god's grace and the good rains that have been there, dimon's tombs are in a better condition, the efforts and experience of farmers, the support and assistance of experts from the ministry of agricultural jihad in all parts of the country. and also using the scientific force of the agricultural engineering system, fortunately, our production is good. out of 6 million hectares of wheat cultivation land in the country, 2 million hectares are irrigated and 4 million hectares are dry land. for rainfed cultivation , we provided a large number of tools to farmers with low education. according to statistics ministry of jaed agriculture till today, more than 300,000 tons of wheat have been purchased from farmers and harvesting is still going on. ali reza shaukati, sed and sima news agency. the managing director of the national housing fund, pointing out that the construction of the national housing movement projects has exceeded 2,600,000 projects, said that since the beginning of the national housing movement, the resources attracted in the fund have exceeded 400,000. a bi

i know jpmorgan chase, jamie dimon, ceos, what did jamie dimon and trump together house their relationshipo fine. they do find. i spoke to jamie before the meeting. i mean i had a long talk with tim cook of apple after the meeting. i know them well. >> sandra: name dropper. >> i know i worked him in government together a brilliant businessman. >> what a fascinating meeting. here so interesting. >> sandra: go ahead. >> let me poke one other thing. they were very concerned about overregulation. and things like the sec or the federal trade commission always bringing antitrust lawsuits. and mr. trump was very cleared with those agencies to be reined in and he would make a much different appointees and there is no fourth branch of government. the other thing he mentioned that should probably get more airtime, with respect to the border, catastrophe, and of course he wants to close the border and he is tough on that end crime and deportations but he also said, with respect to positive immigration scenario, in favor of well skilled h1b high-tech people coming into the new united states and gettin

has been god's mercy this year due to god's grace and the good rains that have been and the grave of dimon the efforts and experience of the farmers are better, the support and assistance of the experts of the ministry of agricultural jihad in all parts of the country, as well as the use of the scientific force of the agricultural engineering system. we gave according to the statistics of the ministry of roads.

i think there is a jamie dimon premium to jpmorgan.'m sure he is going to or they will backload it so that there will be some great news that comes out when jamie is no longer there. he is savvy enough, smart enough to be able to do that. tim, karen have been talking about citi group. citi group outperformed on a yearly basis the rest of the banks. jpmorgan, bank of america, year-to-date are pretty much the same. wells fargo was the most improved player. people are playing citi group as the biggest turnaround story, if you will, and they're probably comfortable stay winning that. >>> all right. let's turn now to the broader market. stocks wrapping up a big first half of the year. the dow with a model 3.8% gain, but the s&p and was nearly 15%. we know why. we'll tell you in a minute. the nasdaq, the real standout here, up more than 18% since january. nvidia, that's the why. its massive run boosted the tech-heavy index and helped the s&p. major markets closed near the lows of the session today, though, even after both the s&p and nasdaq

morgan, jamie dimon exceed eight years old leading back from the world any may retire after 2026 whenthe real candidates are in replacing the british-born and she was a well-regarded chief financial officer of the bank now she has to consumer business and she's very well-regarded internally. jack: next thieves swordsmen the very first guest on the show, he is 77. >> is the founder of brad stone which is an alternative asset manager in the world and most likely successful number two john graves about the real estate business well-regarded in the final one very gently rethink one of the founders and ceo of blackrock which is a leading asset manager, he built a phenomenal business even though he's probably best for all the controversy of the ft statements. there is somebody mark weidman when he's been there 20 years and he came from mckinsey. jack: a lot of market capitalization that we saw on the screen let's go to actual ideas back lucky this week launched boeing starliner into space, that is not why we like it. a backlog we worry about the defense budget but lockheed has 160 in two ye

she wants some answers from the fed about conversations with jpmorgan's ceo jamie dimon. ♪♪ citi's industry leading global payments solutions help their clients move money around the world seamlessly in over 180 countries... and help a partner like the world food programme as they provide more than food to people in need. together, citi and the world food programme empower families across the globe. ♪♪ ♪ ♪ ♪ ♪ empower families across the globe. ♪ ♪ ♪ ♪ are you interested in safeguarding your investments with gold? alamos gold is a growing canadian gold producer with a long track record of outperformance. alamos gold. invest with us. our growth sets us apart. >>> there is mounting evidence that not only should deferred prosecution be pursued, but the company should come clean with the american people, with its customers, with its employees, and with the american public. >> that was senator richard blumenthal ahead of today's hearing, where boeing ceo david calhoun scheduled to testify. joining us right now with more on the company's stock performance is kivon rearview mirr

two of the ceos in this room like jamie dimon and citibank and others including tim cook of apple were expected to be here it was likely to be a pro-business message. donald trump got to deliver that in person unlike joe biden who's at the g7 in italy so his chief of staff had to plead the embedment to case earlier. donald trump is been talk about a pro-business, lower texas kind of effort he would like to see done if he wins another term in the oval office. a number of lawmakers in the house i spoke with coming out of their meeting with trump outlined ideas he was floating including raising tariffs on adversaries and using potentially some of those offsets the lower income taxes on americans. marjorie taylor greene told me that trump suggested perhaps no income tax although others suggested she didn't think that was necessarily a serious outline of policy. the general theme seems to be lower taxes and try to boost the economy and perhaps less regulation. sonali: thank you so much. in italy, president biden is speaking to a very different audience. what can we expect from the rest of t

ceos, including jamie dimon.ember, the good news for markets would be frontloaded and the bad news would come later in the year, tobin marcus writes. he joins us now. i will ask about policy. when you say frontloaded versus backloaded, what policies are you pointing to? tobin: first of all, i have nothing but good things to say about wisconsin, so ask away. in terms of the good news that we think is frontloaded for markets, largely we are thinking about deregulation. the clearest site of things that trump is proposing to do is rolling back a wide swath of writing regulations, particularly in the traditional energy complex, so those other sectors we look at as the likeliest media winners in the near term aftermath of a trump win, but when you look at the broader things he proposed, including things people are less certain he will do, like his aggressive tariff agenda, like some of the fallout from paying for the tax cut extensions they would like to do, which could entail inflation reduction act, energy rollbacks

later in the day he will attend a business roundtable with key leaders including jamie dimon, and timg in washington, president biden will be speaking at the g7 and italy. terry haines joins us now for more. let's do the side-by-side, the preview. how different are those addresses going to be? terry: they are pretty different. one is primarily about domestic policy. one is about foreign policy. biden will be doing what he's doing with the g7 talking about russian assets and how to deploy them to help ukraine as you and lisa were talking about. what trump is doing in washington frankly is really making a pitch to business leaders and trying to show unity with the congressional republicans to show what i 2025 all republican washington might look like. i think that is a 30% likelihood at most. the split congress with a tiny bite advantage is my call today. even if trump is president markets should understand what brought on the animal spirits in 2016 was not trump being president. it was congress going all republican that allowed the 2017 tax cuts to happen. the congress frankly for what

it has a letter that puts jamie dimon's letter to shame. this thing is still 12 times earnings.uch higher. i think buffet could continue to buy it. but i was just so impressed. >> he's always liked insurance. >> geico is not as big as chubb. in terms of an endorsement by someone who knows insurance, warren buffet knows insurance probably better than anybody else in the world, and he bought chubb. and the stock is up, but it is still undervalued versus the other insurers. >> the insurance can be a dangerous place to play. >> absolutely. so you have to rely on an underwriter who knows how to underwrite. they had the $350 million for the baltimore bridge. exposure was almost nil because he knows how to lay off better than anyone. why the stock is where it is -- [ bell ringing ] >> let's take travelers, where is the price to earnings ratio higher than chubb? i don't get it. people should look at the interview. if you don't come away impressed, i don't know what to say. it was as good as it gets. >> at the big board, quadratic celebrating the 50th anniversary of its hedge and waystar

dimon djamie dimon tried to tel that in davos. >> i would not quote jamie dimon. >> i'm not saying thatscend. >> i would vote for you. >> thank you. america is not ready for me. somebody was talking to who made a brilliant said, i can't stand but i really like the people who love him. isn't that interesting? there's a big difference. right? i bet you understand that. >> no. >> i bet that you understand the people who really like trump and follow trump or really looking to trump -- notwithstanding the negative feelings about trump, those are people that worry about their kids- >> i struggle because there's a lot of genuinely being misinformed about what's happening. >> staedrt saying both sides feel the same. i can start with joe biden. >> we'll continue. craig here pays too much for verizon wireless. so he sublet half his real estate office... [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mo

now prime minister rishi sunak has nominated jpmorgan chase ceo jamie dimon for the uk honors accordingo the financial times who said the level of any honor, if any, is unclear. the british foreign office, which is responsible for honors for non-uk citizens declined to comment. >>> euro expectations have fallen and flat lined and consumer inflation coming in at 2.9% neckxt may. that is higher than 2.7% in the month of april. >>> the bank of canada cut the key policy rate 25 basis points to 4.75% on wednesday. it was expected and they said more easing is likely if inflation continues to ease. >>> here's one that goes against the grain a little bit. the serce services sector recovo a nine-month high of 53.8 after a contraction in april and ahead of expectations. rising new orders contributed to the higher number driven by export order strength. >>> here is one that shifted the markets thinking rate cuts could be possible. u.s. private job creation slowed in may with companies adding 152,000 jobs. down one fifth on the month and shy of expectations. according to payroll processor adp, near

. >> he bought the jamie dimon stock and talking about it now. larry: he's always been a policy guy and pro guy and tax cutter r and refresher and he's like hitting the refresh button and making sure the ce os understand he was he was there and ryan higgins effective and going for that and we've got to go. consider it and low taxes and deregulation. >> you know i love you and i have to be a bipartisan guy. that's why you love me. larry: that's why i love you. i have to think about, yeah, there may be other reasons why i las vegas you too . how about that . i wouldn't limit it to just a bunch of economic policy. you come cuddle up here with me on the set next time. i want you real close so we can cuddle and talk about life, liberty, and the pursuit of happiness, kevin o'leary, the best of the best. straying from our mission as a family-oriented show. how about abolishing the corporate income tax all together? this is interesting rumination we're going to have with senator eric schmidt as one of the smartest guys on the planet. i'm kudlow and larry

i am hurt, jamie dimon. i think you should find yourself a new pickleball partner.the assembled ceos he'd lower the corporate tax rate from 21% down to 20%, and when somebody asked why 20, he replied, "well, it's a round number." that unto itself had a number of ceos shaking their heads. "oh, i love a nice round number like 20. then again, have you seen 8? [whistles] that thing is all curves. 8, in my opinion, is a total 10." we got a great show for you tonight! my guests are dr. anthony fauci and the star of "masters of the air," callum turner. but when we come back, my pilgrimage to rome! stick around. ♪ ♪ >> announcer: "the late show with stephen colbert" sponsored by allstate. you're in good hands. ♪ ♪ >> louis: on the one! ♪ ♪ >> stephen: welcome back, everybody. give it up for louis cato and "the late show" band right there. and lucy's special sit in tonight's special sit in tonight, canaanite observers. louis who are we honored to have this evening? >> louis: the incredible trombone shorty. >> stephen: thank you. you may know this but summer kicks off this fr

morgan's jeannie -- jp morgan's jamie dimon and apple's tim cook. is said to say 20% is a nice round number. coming up, the trade war. how eu tariffs on chinese cvs will impact efforts to reach net zero on the road. that is next. this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. tom: welcome back. bloomberg has learned the german government is working to prevent or soften the eu's new tariffs on chinese ev's. officials in berlin are reportedly optimistic the bloc can find a solution in direct talks with china. officials say they see wiggle room with some eu allies but need both the bloc and beijing to move forward on a potential agreement. the new tariffs take effect july 4. the eu has waded into the green trad

jamie dimon is one very notable business. he certainly is not alone in that rd.nced not just, you are accustomed to backlash from folks on the left but now backlash from consumers on the righthat this represents a real seachange in this will be it's not just the hr department pushing me from i am going to want■5s controver. >> to the point that you m earlier, the fact that, especially in the companies we are talking about in the public markets, competing for talent you pressure coming from within your employee base, you pressure fundamentally different in terms of the being wealthy college-educated people who don't understand the new parties now. that is what they hav to contend with. i think the recognition to your point that you will never make anybody pp the best he will do e as neutral as possible. it is not easyn to lay and to i think, there is an emerging recommendation that more bad can happen then good. part of that is just, you know, general columns and public affairsa<. just in terms of corporate identity, i have to be really careful because you are cau

among those expected to attend is jamie dimon and citi group's jamie fraser jeff science will also speak to the ceos taking biden's place because he's in italy right now at the g7 meeting. we'll be getting a live report from washington later this hour about the relationship between the ceos and presidents biden and trump. meantime, in italy, president biden meeting with ukraine's president zelenskyy today. they are expected to sign a new security agreement pledging as. >>> meantime, shares of broadcom higher this morning, sharply so, earnings and revenues beating estimates, the company raising its full-year forecast citing a boost from the enterprise company vm-warer and they say customers have been ramping up spending and there's a ten for one stock split set to take place on july 15th. >>> we've got a lot more coming up on "squawk box" this morning. reaction to fed chair powell's news conference from the current fed chair and former treasury secretary janet yellen who will be joining us for an earnings conclusive interview at 7:30 right here on "squawk box. she's in new york, and "squa

. >> jamie dimon, james fraser, ryan moynahan and anderson international reportedly apples tim cook amongor so ceos willing to get their facetime with the former president, the business roundtable is hosting a group with three priorities 21% corporate tax rate keep a competitive international tax system and immediate expenses for r&d, research and development, head of the meeting as you noted in the intro trump is sitting down with congressional republicans to set potential policy he's calling the shots. i think congress knows and corporate america knows it which is so many executives will be meeting with him. >> adam johnson is still with us. >> it seems like trump is going all out to make himself the business president and the republicans are the business party in conflict with the democrats. >> is always been the business president and you're absolutely right the polar opposite of what joe biden is, remember mr. trump was elected and made good on the lower regulation approach to government and i as someone who invest in the market am thrilled with that someone who believes smaller gove

ashley: titans of banking industry and jp morgan chase dye jamie dimon and brian moynihan and james fraziered a business round table last week to listen to donald trump's policies and earl year trade immigration and moynihan criticized biden's policies bad for business and trump told top ceos as president he would be better than biden on taxes and the economy and the corporate tax rate should be a 20% tax rate of one point going as low as 15% and that went down well. stuart: i'm sure it did. thanks, ash. stuart: a popular rapper in detroit voicing support for donald trump. liberals the black community is diverse and will vote accordingly. >> we still enjoy president trump and we appreciate him come to our city and we're entrepreneurs and businessmen and we're not the same people that our parents was. we don't intend to vote behindly and we don't feel, no one should feel entitled to vote and they need to work for our vote and want more for officers and voting based on -- ourselves and voting based on personal experience. lauren: he's black voting for president trump and he's young. contrast

. >> in essence saying, again, we have the washer looking at tom hanks, jamie dimon, just some of the people gathered their former joint chiefs chairman mark milley there as well. >> we saw steven spielberg there earlier president also saying about speaking out very strongly as we were told that he was going to against isolationism, saying it was not the answer. 80 years ago it is not the answer today. as we continue to watch these pictures as the circular one is coming to a conclusion, it moves on to the next part of this, which will be pressed president biden, who will be walking through the cemetery himself. we will be watching that that is going to be that is going to be in jon meacham, who's very close with the vice president, with the width with joe biden and often an advisor on his speeches. let me bring in christiana amanpour as we're watching this christiane just reflecting on that entire ceremony of what we just saw well, it is so incredibly relevant. >> i mean, you imagine that they are celebrating, commemorating, and thanking the veterans from 80 years ago today as both th

jamie dimon, citigroup, bank of america, or ghibli three of the most powerful banking ceos in this country. that's money. what is the pitch to them right now? at this moment, i'm going to lower taxes even more. i'm not going to hike up your corporate tax rate like biden wants to do. he is also telling them that i will cut down regulations even more. he will fight against the green energy plans. a lot of companies have complained about that. this is money talks and money is what campaigns run on. i'm sorry, maybe that sounds cynical to all of you. it's true. his messaging is on point right now with the business community. >> a potent pitch. after three years of bidenomics. former president trump is going all in on winning young voters. now he's sitting down with internet sensation and pro wrestler luke and paul logan paul. fast relief of allergies with nasal congestion, so you can breathe better. claritin plus decongestant. live claritin clear®. i brought in ensure max protein with 30 grams of protein! those who tried me felt more energy in just two weeks. -ugh. -here, i'll take that. woo h

schwarzman who recently endorsed trump, but other members among many include jpmorgan chase ceo jamie dimonle group ceo harvey schwartz. stu. stuart: there'll be a lot of money in that room, and that's a fact. ashley, thank you. 9. >>> the trump campaign has begun the vetting process for potential running mates. doug burgum, marco rubio, senator tim scott, senator j.d. vance, they're all on the short list. republican donor andy say ban joins me now. you haven't yet given to trump in this year, 2024. why not? [laughter] >> i felt he was unhinged after the 2020 election. i'm actually two at the point of rethinking it because of the possibility that my friend, with who i think is by far the best vp candidate, tim scott, may be his choice. stuart: hold on a second. you would put money into trump's campaign if he chose tim scott as his running mate but not unless he does that? >> i am going to rethink. obviously, i think tim is by far the best, and i've supported him right along. but if tim is the running mate, i will most likely support the team of trump and tim scott. stuart: okay. you're in t

brace yourself, jamie dimon at jp morgan made a comment that took a lot of capital markets by surprise credit may have some similarities to the mortgage market in the gfc. obviously traumatizing everyone in the financial space. he's making it a point that even though this is a thriving market, some of the deals may be too complex and they may not be worth the ratings they have been getting by credit agencies. where are the warning signs in this market, especially as these deal structures get more complicated. >> first of all, when you construct a private equity, you shouldn't rely too much on private credit. i think it's important that the vast majority of it comes from operational initiatives and by scaling the country through operations and the growth in new geographies and new sectors, etc.. and you should not rely on just trying to create an economic equation that on paper works just because you have access. i think some fuel construction has been made with that and that's probably less healthy or long-term valuation. i do not think at this point in time we have a systemic problem.

that includes jpmorgan's jamie dimon, bank of america's brian moynihan.ublic company ceos? >>> and broadcom shares soaring in the news of a ten for one. what investors need to know as "squawk on the street" continues after this short break. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo norman, bad news... i never graduated andfrom med school.ess. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that.

jamie dimon has said similar stuff, so, i'm with you.nflicting forces without question. but what's sort of the -- like, debt to gdp is approaching 130%. that seems to be the line in the sand, no developed company seemingly can recover from that. what are your thoughts when this part of the equation, the supply side, becomes more important than the slowing growth side? >> well, that's where you have your possibility of double-different interest rates. that makes one feel uncomfortable or feels too crazy to be true, then look for steepeners. you know what's going on right now? we're getting more inverted as we rally, we're hovering, what, around 45 basis points, minus 45 in twos to tens. we had periods where it was in the low 30s, looking like it was going to go into the high 20s, but it backed away. i really do think that we have a two-speed interest rate scenario. we have one where it's going to be central banks, they're going to be pressuring the short end. but the rest of the mid to long end is going to be focused on supply and all the

jamie dimon, jane fraser, brian moynihan, and tim cook are said to be among those expected to attend.uzz on your bloomberg terminal. look at these markets, s&p 500 flipped into negative territory, .1% or so lower right now. nasdaq 100 holding onto those gains but not quite as robust as they were about half an hour ago, still higher buy about .3 percent. small-cap losses intensifying. coming up, the c-suite view on the latest inflation rate with nick pinchuk of snap-on and oscar debok of dhl supply chain, next. this is bloomberg. ♪ ed the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo caroline: we know that u.s. producer. katie: we know that u.s. producer prices declined for the first time since october. definit

he met with jamie dimon and jean fraser, brian monahan, and then he met with some of the other big business on nelson peltz you know, he is doing everything right now and the democrats are in disarray because they can't believe big they have this mess on the hands with progressives calling for the jewish people to stand up and be identified in new york city on a subway car, and in the end it sounds like donald trump was the one who was reasonable, who's got everything going behind him, and it seems like he is on a path to victory. to be right, walling. >> kevin: here we go. >> jesse: do you think the republican party is more unified or do you think the democratic party is more unified. >> kevin: i think they both are. donald trump has this remarkable ability to now bring back people that have criticized him up down left and center. sitting with mitch mcconnell, who in the days after january 6th laid that completely had donald trump's feet, to sit down with other members who voted for his impeachment and bring them together where they are slapping backs and singing him happy birthday is extr

. >> i take a quote from jamie dimon. if you call your critics lube loon -- lunatiks.ou on fox business. >> republican party is consistently standing in the way of providing the resources to support the men and women working hard not only at the border but out throughout the state of california and this country to address the issues related to the border. >> gillian: gavin newsom touting his response to the border crisis. will other democratic leaders follow suit? stick with us. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do. when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the

morgan jamie dimon, city morgan and brian moynihan bank of america, attended the business roundtable,ent will speak with ceos in d.c., you attended a truck fundraiser in london for republicans overseas with presidents son donald trump jr. you raise $2 million in donations overall, tell us about that what you're hearing from business people today about the potential for president trump to return to the white house. >> there is a sense of energy the fundraiser last night was fantastic completely exceeded expectation for another democrats had run on the other side of town and guessing the truck fundraiser out raise 4 - one there is real momentum and i'm upstairs from a coffee recession here in london with the uk and u.s. business in investors is really great energy and the numbers have been compelling and i expect 400 million since the verdict on may 30. maria: what's the most important policy the business people want from trump. >> i think they would like to go back to the peace and prosperity of the first of initiation. not just tax reform or maintaining the 2017 tax cuts but more impo

about this later with the business roundtable we know some things and that was very interesting, jamie dimonn the room and frazier and brian n moynihan. maria: to blockade abided nominees as an effort alongside mike lee, bill hagerty, roger marshall, tommy tuberville and eric schmidt trying to block the swiss conversations. we have a lot of it up, markets are mixed ahead of the open, the doll having a rough week while s&p and nasdaq see new highs all week, the week today the nasdaq is already up 3%, lpl financial chief technical strategist adam turk was coming up next. how employee keyboards led to firings at wells fargo. you won't hear believe it were watching "mornings with maria" live on fox business. we'll be right back. ♪ ♪ ♪ [kettle hisses] ♪ oh my god. [phone rings] at the tone, please record your message. [clock ticks] ♪ ♪ i'm not a doctor. i'm not even in a doctor's office. i'm standing on the streets talking to real people about their heart. how's your heart? my hear's pretty good. you sure? i think so. how do you know? you're driving a car, you have the check engine light. but the

we what electoral politics or even understand and respect folks on the right side of the pile jamie dimonble business leader who at the recent world economic forum made noise in that direction pretty certainly not alone in that regard. or custom to backlash and folks on the left.backlash from consue right. a real change this course correction is going to be stabl. those are not just the hr department i've other folks pushing me from the other direction. i'm going to justlear of political controversy. the point you made earlier face ta■ed market to compete for talent you have pressure coming from within at your employee base. give it pressure coming from without investors. yet the sensibilityentally of ws talked of these are wealthy college-educated people who do not understand the new party at is exist now. i think the recognition to your point are notni over clinch make anybody happy by what you say in the best you can do is be as neutral as possible. it's not easy to navigatee the decision to play and get out there on issues there is an emerging or recognition more bad can happen then g

and jamie dimon was comparing where we are with the junk bond crisis. >> i love that point, don.t's definitely worth reflecting on. julia, are we doing the dots here? i know your dots might be more dovish than some other members. explain. >> well, so i agree that the bar should not be excessively high to move forward with a sequence of adjustments. i think we're now nearing the territory where we're going to have to decide about if you start earlier, you can have the luxury of going slower, versus waiting for real signs of weakness in the labor market when you might have to play catch-up and cut more aggressively. so, i think i would like to see a few more prints on inflation and my baseline i would be writing down probably two cuts, but maybe three depending on the cp-i on wednesday. if we see a step down in housing inflation in the cpi and get a low .2 print on core inflation, then i think that's pretty good indication that that key element of inflation is moving into a lower range. and we can have that elusive confidence that inflation is moving in the right direction. in that

and here is jamie dimon talking two years later about trump and his policies. >> you have it right about have it right about integration. he grew the economy quite well. tax reform work. he wasn't long about these critical issues. and that is why they voted for him. >> and there is nelson powell who came out after the january 6 insurrection. >> i voted for him in this past election this past november. today i am sorry i did that. now he says he will be voting for trump a second time over fears of president biden quote mental condition. peltz even hosted last month. then there is david sachs a prominent elon musk ally. slamming trump right after the capital attack >> i think he has disqualified himself from being a candidate at a national level again. >> now, after trying to fail and turn up he has gone in on trip -- supporting trump. billionaire hedge fund manager also joining the chorus of critics condemning trump after january 6th, calling for trump to resign. now he is back on the trump train after initially backing rfk jr. and then nikki haley. the ex-president even won back in and m

jamie dimon mentioned that but we really see the a.i. play a little bit longer term when the ipos start. already seen the private equity. it should be within the next nine months to a year the ipos will start. we'll have an ipo boom. that will benefit those investment banks. charles: those of those eye pose are a.i. related names or biotech? that is where we see all the vc money. should be well-received. fun times for key underwriters, morgan stanley, goldman sachs at the top of the list here. >> right. charles: i note in your note avoid europe. it is cappuccino. i like express so. what is wrong with cappuccino. >> they have the clear advantage on cappuccino. i was in greece. it is booming because of u.s. tourists but they don't have a significant tech business. they're better regulating tech than producing. charles: what is the old say, america innovates, china copies and europe regulates, something like that. >> that is very cheap market. they're cutting first which is bullish. it is really bullish for the whole world not just europe.

and one of the things that we are hearing about his conversations with some of the top ceos, jamie dimoneally push being his proposals, talking about ideas. one of the things he floated apparently was maybe taking the corporate tax rate down, maybe it's 20%, maybe it's 15%, that was discussed. we know president biden wants to do the opposite. and then the other thing is that he really seemed to be promoting the business friendly agenda. did you hear those things coming from former president trump when you were in the room with him and can you share that with us? >> sure. not only when i was in the room but ever since he became president in 2016 we heard that. that's the reason i ran for congress, that we had somebody in the white house that cared about business and cared about putting people to work and getting them off of government welfare, it was so important in my life to get a hand up but we can't keep giving hand youths. right now what we have, we have over 90 programs, over a trill i trillion dollars a year, a social safety net program and done very little for poverty in america.

charles: so last week jamie dimon sounded the alarm on private credit pointing out that the loans haveomic downturn. this article says sounds like junk bonds circa 1990. you know, folks who were around then just understand how dire that particular warning is. this is the thing though, this is not the the first time we've seen that warning this is an article from institutional investor. i want to point out something this is january of 2020. high yield was oxy, private credit is fentanyl. investors are hooked and it won't end well. think about that, that is four years ago. investor are hooked. it hasn't ended unless you're on the private equity side, the private capital side. this is the last six years, 1.5, almost $1.6 trillion more has been held and has been distributed to these investors. so i want to break down the risk here because more and more investors are being offered these products. bring in jim bianco, bianco research president. jim, i know some viewers are unfamiliar but the private capital world is opening up more and more to individual investors and i just got to talk to y

some of the premier investment banks that go through this and wondering who's a successor to jamie dimong to handle things at goldman sachs? i this comes up a lot, you become the firm. >> so in reality though since 2016, damien has been the ceo of the firm, you know, i leave the investment side and i go due a lot of communication and i battle with people. but the reality is damien is much younger than i am, is going to be leading the firm in 25 years in the firm keeps going and the management stays intact and if i should die which i don't expect i will, but this is like an insurance policy that everything will continue the same and the family will still have control and it will all be good. >> neil: all right. really quickly, your take on the market and this presidential election year phenomenon is playing on exactly as you said one, but how long? i in 2025 does that kind of thing end? >> might it? yes. i'm hoping you'll invite me back as we get in to the end of the year to look into 2025. and i have a particular expectation that it will, i'm going to go back to what i said before, and i

cnn's ben we dimon spoke with a senior hamas leader earlier this week about why there seems to be an impasse i think that even taught is to make an end for the occupation. if that happened. i think this would be the right step. all right mr. >> hamdan? >> simple question. >> why hasn't hamas yet agreed officially to the us backed proposal for a ceasefire. >> who said it's a positive step? but we need to see the facts on the ground. we need to know what exactly that the president means by saying the ceasefire and withdrawal what is left? what do you need we need an israeli a clear position from israel to accept the ceasefire complete withdrawal from gaza, and let the palestinians to determine their future by themselves. >> are you optimistic at this point in time that you will reach some sort of agreement? >> well, i think if the united states administration acted in the positive way, seeing the situation not only in the eyes of israel, we can reach soon an agreement so you need the american administration to what changed the proposal that was put forth on the 31st of may, not to chan

why is jamie dimon selling stock and talking down his own company's prospects a the investor day? we have taken these conclusions for granted and perhaps the opposite kind of trade should be warranted? the small banks -- are they actually doing better than we anticipated? >> look, i think the new deposit regime where deposit are more dear, rates are higher, is a tougher environment for banks without scale. and so, you know, i do think it's been tougher environment. but look, i think, kelly, and i talk about this and go on a tangent for a second. the real issue and the next crisis in the banking industry will be a run on small banks when investors are not confident that deposits aren't sure. the two tier system where the big have implicit government guarantees and small banks do not is a problem that congress needs to take up and regulators need to take up now before the next crisis comes and everyone just wants to pull their money out of all the mid size and regional banks. i'm concerned about that. >> i think you're exactly right and we hope they will do something or a lot of peo

. >> let's go now to cnn's, then we dimon in beirut. ben, tell us more about what you're hearing regarding this rescue operation that happened inside the nuseirat refugee camp keep in mind this is a refugee camp amara, that was full of people because many of them had come from the area of rafah where are the israelis are currently conducting an offensive a town that's basically now a ghost town everybody has left and so many of the people who were killed yesterday in nuseirat were in fact, coming from that area. >> now just received the latest numbers from the gaza ministry of health who say that yesterday's death toll from that israeli operation was 274 with 698 wounded. that brings the death toll since 7 october. in october in gaza, according to the ministry of health, there too 37,084. now, yesterday, this scenes in the hospital, were absolute pandemonium lots of wounded women and children, the morgues were full, they ended up having to put the dead simply on the pavement outside. we did speak to one doctor and one of those hospitals

cnbc confirming that jpmorgan jamie dimon, citi's jamie fraser and brian moynihan will be among thosehe quarterly meeting of ceos in washington trump is also set to meet with congressional republicans today and a likely hot topic of that conversation will be his signature tax bill that's set to expire next year our emily wilkins joins us now with much more emily, good morning. >> good morning, frank house and senate republicans will be meeting with trump a little bit later today, and one thing they are going to discuss is this potential 20 tra age can a which lawmakers say has to include renewing key tax programs that are set to expire next year. now, members are keeping an open mind about what trump will be discussing during the meeting. how much of it is going to be campaign strategy and how much actually might be an actual agenda, but speaker mike johnson told reporters that it is important for republicans to have a plan in place if they do kroell both chambers of congress and the white house in 2025. >> when he comes in, we have to have a very aggressive first 100 days agenda. the

look at banks, i got to go back to april 12th, okay, whenr1 reports, that stock went down 6.5% jamie dimon was cautious about the consumer, a lot of things going on that stock gapped down 6.5%. filled in that gap quickly and now it's higher, but i wonder what's going to happen when we get to two weeks from now whatever it is, and we hear from the big banks -- i don't know. it doesn't feel particularly great right here, right now. >> well, you know, some of the banks are more expensive and some are cheaper and i guess i would go for the cheaper ones. but i think that, you know, we heard this caution around the consumer story for a really long time the consumer is, like, right on the precipice of breaking every week, and there's a new story about why the consumer's weakening. meanwhile, delinquencies are just starting to tick up from all-time low levels, right i mean, when you look at the chart, the consumer looks like they're getting a tiny bit less healthy, but from incredibly healthy levels, so, i look at data around the consumer moderating, and i think, okay, this is just coming off thos