jamie dimon, no way would he will treasury secretary.ique particular insight, but i just absolutely cannot see that happening. >> right. >> can you make bitcoin in the usa? can you contain bitcoin -- >> he has been bullish on miners, so, that's what -- so, he -- you know, the beauty -- the people that like trump is that he's a moving target, right? you can't box him up. he changes his mind on stuff. and when you think about it, isn't it game theory when you talk about taiwan? why would he say that i would be aggressive towards that invasion, because then it would incentivize china to invade now, knowing if he's coming down the pike -- maybe he's doing this -- it's sort of -- three dimensional chess, because a lot of different things. you're not going to say what you're going to do. i think that the fed is always late. historically, the fed usually cuts rates eight months after their last hike. by that, they should have been cutting in march, so you i think the fed is late, and i think they're always late on the back end, as well. so, i t

dimon, did you dream that a dim, are you cold, or what? pasha, do you know the way to the oil rig?you an idiot? simon, do you understand where i’m taking you, dima, pash, maybe i’m an idiot, guys, follow me, please, okay, volodya, tell this idiot, well, he’s sick, what are you saying, we have other options, get behind the wheel . who is this stranger? boss of the local mafia, so can you change it for us? not yet. let's, let's go out, come on, help , it's too much to carry, that's it, let's go, let's go, listen, i see you're a smart guy, what's your name, it doesn't matter, what difference does it make to you, i have money, i'll share it with you , i have a lot of money, no, it has nothing to do with it at all, i’ll tell you one secret, yeah, the keys to carl’s dad’s closet, you’re probably looking for an oil rig, right? well, something like that, yes, listen, i’m alone, no one knows the password except me, i’m the only one who knows, like that, don’t listen to him, he’s about to bring a blizzard, wait, let him say that you, no one but me knows the password, how to get to this tower

even jamie dimon says private credit is too crowded. what do you say about the business? >> i knew you were going to bring him up. >> uncomfortable for me to sit here. >> how do you think it feels for me? there's no golden age and there's no bubble. it's a good time for private credit, and it's up to the lenders, the investment managers to make these loans, to be selective, smart about picking resilient borrowers, to be smart about picking companies that have smart owners, and even jamie dimon says there are some really excellent players in private credit, and since jpmorgan agents lends us 4 or $5 billion, i think we fall in his excellent category. >> i hope so. >> lawrence, great to see you, thanks for coming by. >> nice to see you, melissa. >> thank you, lawrence golub. it sounds like good news overall. >> i think it is. the layers of the economy that are particularly strong for the lenders are the parts we probably knew were there. again, think about industrials, technology, and health care on some level and the consumer discretionary headwinds are not necessarily bor

and president trump reportedly talking to jpmorgan chase ceo jamie dimon for treasury secretary.an hour before the trump shooting, president biden reportedly held a disastrous zoom call that rattled democrats. we've got the details. and now this, california democrat adam schiff says president biden should drop out, they're worried about a red republican tsunami taking over the house and senate this fall as well as the white house. coming up on "the evening edit." we'll be right back. ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ♪ limu emu... ♪ and doug. (bell ringing) limu, someone needs to customize and save hundreds on car insurance with liberty mutual

he does not want to replace powell, he is talking about jamie dimon.hen you factor in some of his policies on tariffs you have to question whether he will live up to that. he wants tariffs, which means more tax cuts for the public, and then a higher inflationary environment which means you have a fed that cannot cut as much or needs to hike which means a stronger dollar. the rub in that is the fed. the fed is standing in his way. he can say all he wants, but if the fed is standing in his way for a weaker dollar will he hold to that promise? jonathan: what are trumponomics? he said it will be low taxes. adam posen it brought this up. if the former president goes through with these tariffs plans you're talking about an inflationary burst but one the fed might have to respond to and then we will be talking about rate hikes in 2025 and then we revisit that question on chairman powell. coming up, sarah wolfe of morgan stanley on the upside surprise on u.s. retail sales. from new york, this is bloomberg. ♪ (♪♪) (♪♪) what took you so long? i'm sorry, there wa

and i just want to remind all of us that it is jamie dimon, c.e.o. of j.p. morgan chase, who himself -- referred to himself as a self-described red-blooded, unwoke, capitalist, who is standing by diversity, equity and inclusion because it's good for business. and the reality of what we're seeing is not a violation of title vii. in fact, what the eeoc has done is continue to enforce title vii and it continues to be and remain the law of this land. and what we have to remember too is, not only is it good for the work force, is it good for business, is it good for the gross domestic product, is it good for a joint shared prosperous future. it is that we have compelling need to continue to identify barriers to equal opportunity for all people. and it is jamie dimon himself who pointed to, in recent interview, the example of how by having the way to identify, and he mentioned two black employees he did not feel good about losing, and why they were not promoted. and it was the ability to identify the barriers that made him say we can't keep losing good people. and

jamie dimon's always putting something out there that throws off, right?ight actually stay higher than the conventional wisdom. your thoughts on that. >> absolutely what mr. dimon is saying makes total sense. the problem of inflation has not been solved. we have to remember that the last figure of cpi showed a significant decrease in the energy component but services inflation is at 5% and obviously, everything that has to do with shelter also up 5%. it's very difficult to bring down inflation when the government spending remains so huge and we're in deficit spending which is printing money is close to $2 trillion per year. charles: we've used a lot of time earlier in the show want to bring you back real soon. love your economic analysis. we'll talk to you again real soon. by the way folks jamie dimon isn't the only person warning of head fakes on conventional wisdom. my next guest says her firm is not buying the trump trade. want to bring in green tech research investment analysis hillary kramer. does this mean you don't think president trump is going to

so, we didn't hear from dimon on the call.id hear from him in terms of the statement, some of the same concerns and conservatism surrounding geopolitics, the potential for inflation to come back again due to the deficit and due to things like the deficit and the spending, the fiscal spending we're seeing from the government. >> leslie, what do we have up next, call-wise? wells fargo and then citi? >> wells fargo. yep. that's correct. just checking my schedule here. we have wells fargo at 10:00 a.m. for the analyst call. citi at 11:00. and i know sara is sitting down with the wells fargo cfo in the 111:00, and i'll be sitting down with the citi cfo this afternoon in the 1:00 p.m. so, we should be getting a lot more color on the macro environment, on what's going on with net interest income and some key drivers there. we heard -- i was listening in on the media call for wells fargo, when they talked. they kind of alluded to the fact that they would discuss a lot of the drivers for nii on the analyst call. there were a lot of que

the ceo of jp morgan, jamie dimon, going on to say this.ny inflationary forces in front of us. wells fargo getting punished. we are down 6%. jp morgan doing ok, down 1.5%. lisa: that interest was the reason why. wells fargo, which is a lending bank. he came in at $11.9 billion. it was a big blow. jp morgan is bolstered by everything because they are the biggest and always seem to win. they have been bolstered significantly by the fact that wall street mines. we will see with citi. i'm curious with citi, given the restructuring. jonathan: that stock has done so well, hasn't it? just a programming note for you. 8:00 eastern time will not just get citi numbers, we will also get the call for jp morgan. expect more headlines coming from c-suite executives in the next 60 minutes or so. let's talk about the data. ppi data after a soft cpi print yesterday. bolstered bets on a september rate cap. chicago fed president austan goolsbee saying he is confident inflation is on up after 2%. lara rhame of fs investments writing this. we believe the fed wil

economic club today as jpmorgan are jamie dimon has a new inflation warning, u.s. bank asset management group chief investment officer here we are talking stocks investing in macrostory more live coverage from the republican national convention in milwaukee don't miss that you are watching "mornings with maria" live on fox business this morning from milwaukee. . ♪ limu emu... ♪ and doug. (bell ringing) limu, someone needs to customize and save hundreds on car insurance with liberty mutual. let's fly! (inaudible sounds) chief! doug. (inaudible sounds) ooooo ah. (elevator doors opening) (inaudible sounds) i thought you were right behind me. only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com maria: we'll bell, take a look at futures this morning we are looking at a strong rally to start this week off, following the assassination attempt against former president trum

25 years, up 1%, streaks we're up 10% room to run jpmorgan made new hires last six earnings jamie dimonrvative with guidance always a storm brewing with jamie dimon watch jpmorgan, guidance citi wells fargo blackrock to next week when some other big ones goldman morgan report going to be fun to watch cheryl: fun to be, as person going to be breaking numbers for viewers an friday mike this is, mark tepper here last week made point under trump presidency financials energy sector are going to be big winks. >> i don't know about energy energy got smoked last trump administration ironic would by the opposite, where spectacular under biden administration but pro drilling, lowering price of oil not always the best for energy stocks. financials really interesting i was having a long conversation a few weeks ago trying to figure out why financials are showing up so well on my screens looking so he good i don't know what fundamentally has changed for them they are screaming i have overweight in my portfolios financials what do you think behind that. >> higher for longer narrative suiting them wel

is jamie dimon going to be treasury secretary?o many disappointments. >> he's not going to be. >> that's good, thank god. >>> meantime, former president trump speaking to bloomberg floating the idea he liked jamie dimon the treasury secretary. it's unclear if jamie dimon likes him enough to become treasury secretary. he said he would allow fed chair jay powell to serve out his term which runs through may of 2026, but he says the feds should not cut the rates before the economy. he wants to bring the corporate tax rate to as low as 15% and he no longer plans to ban tiktok. he wants to bring down inflation with more gas drilling. he would look at jamie dimon serving as secretary irtear. in the meantime i think the most interesting component of the conversation that he had around jay powell was the idea that he thought that he could fire jay powell. it's unclear. it was, i 50e78 going to let him stay in this role as if he had a choice about letting him stay in this role. that role, at least as far as, you know, a whole bunch of schol

jpmorgan rising on banking fees 8-billion-dollar accounting from share exchange deal with visa jamie dimonerest rates may stay higher than market expects wells fargo profits declined as shelling out funds to hold on to deposit on competition for customer's money boosted by jump in bank revenue joining me to walk through all bank earnings and look to the future a lot more next week chief investment officer rnb, portfolio manager anton, great to see you walk us through some numbers this morning stock certainly on move wells fargo crushed this morning, down 5% what is your reaction to bank earnings? >> so, for the most part, you know pretty good, right i mean no deterioration, some media outlets talk about running stories about commercial real estate destroying the industry hundreds of failures clearly not seen any of that we are seeing cpi this morning, you know if you look at ppi, cpi all moves contrary to each other, you know the fed cuts, is going to be really important to margin as banks go on, clearly zero interest rate policy back for banking, the way fed moved the speed it moved obvio

jamie dimon and mark mason and others have all been saying pretty much in the last 72 hours there areoncerns of echelon of americans are struggling with late payments and delinquencies as higher interest rates for longer. a lot of those consumers who are also swing voters. there i therein lies the big problem. you and karen have been covering the markets mostly on "squawk box" and this show. the market is moving around like this and because of the, thankfully failed assassination attempt on donald trump, the market is doing y. we are all trying to say this is the reaction. quite frankly, having studied the horrendous political he ve events in the last quarter century, the political event and act of violence does not translate into a market move. when looking at these he eventsd with karen on the tail end of show, the moves are stock specific with burberry and ocado and swatch this morning. they are not specific to the united states. it is the other side of the pacific and the numbers coming out of china on many fronts, whether it be household spending or discretionary spending. there

military registration and enlistment office, no, to the military 12, come on, i’ll drop by for you, dimonwhy, listen, where is avgor, i ordered the workers to help them, did you send him where, no, in the morning he went somewhere on his own, cloudy, he’s some kind of person, i have a feeling that there are some people in the city - your business, where did you dig it up from, i told you, i should advise the guards in training, well, water it with both hands, remember, call the girl, alice, come on. i need to come here, honey, bitter, igoryukha, igoryukha, alive, thank god, boys, damn, i’m so glad to see you, car, your mother, my car, open your hands, what kind of creature did this, i’ll find you, by god, i’ll find you . hello, you’re leaving, it’s my business, i came to warn you, i listened to boldarev’s conversation, he’s furious, you and the guys are in danger, you need to do something, so i ’m doing it, legs, the guy has a girl, what? well , of course, you’ll introduce me, why, excuse me, hello, yes, well, i’m already packed, i’m leaving, what? when? that a special hospital, he was be

i do think jamie dimon is right about the long-term inflationary forces, would you concede that, as wellamie is, at least on this occasion, wrong, as he has been on one or two occasions in the past. essentially, when we look at the longer term, a country has the inflation rate that it wants. you choose the inflation you want, you set the policy, you get the rate you want. but there's a lot of deflation forces coming through. aging populations are generally disinflationary. that's one worse. technological advance, increasing productivity, another force for disinflation. localization of production opposed to deglobalization is a potentially deflationary force. united states, nearly every sector has deflation in the u.s. >> why did you see localization could be deflationary. >> that's when local companies continue to produce closer to the customer base. in doing so, you cut out an enormous amount of waste and other costs. think about it, the ultimate form of localization, you know, nobody buys a compact disc anymore. you download on one of these things. you stream. and the cost of entertain

mav limited slowdown, but they'll make it up on capital markets i will say, the rumoring about jamie dimon of the treasury, would be a negative he's such an extraordinary operator that anybody who fills his shoes may not be able to fill them. otherwise, a great stock >> let 's an asset, gold sellin above 2450, but some are looking ahead for 3k boris, do you buy it >> yes i think gold, the, weaker dollar if donald trump becomes president, helps in and sovereign debt issues, the fact that we -- it's an union line -- you have to be a bull on gold. 3,000 is very much in sight. >> thank you, boris. >>. >>> all right, dow now down more than 500 points. still to come, deal or no deal online shoppers claiming the discounts are fake, or nominal at best. we will dig into that, when we return tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ [inner monologue] i needed some help. good thing i knew someone...

i think hearing how jamie dimon talks about what goes on in the economy, he's been pretty gloomy, so,kdrop for expectations for the economy should be pretty soft. the big question that i have is, what are banks doing in terms of reserves for credit losses? because i think we all kind of continue to worry about what's happening in credit markets, in commercial real estate, and outside of that. that, to me, is the place where there is the most risk in the financial markets right now, that i don't think we talk about enough. >>> all right, there's a lot more "fast money" to come. here's what's coming up next. >>> we're plugging into tesla, as shares surge with deliveries on deck. why investors are charging into that stock ahead of those numbers, next. >>> plus, after a strong first half, can stocks continue their big run? our next guest says it might be time to hedge your bets. why now may be the cheapest time to do it. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. >>> welcome back to "fast money." tesla shares surging to kic

, be careful, dimon, that again, everything is fine, here it is - a pig, i can’t even look at it, beon his landing stage, it’s our own fault, we’ll get her out ourselves. yeah, and if we don’t get out of here, send the pride, don’t slow down, i’ll just free up my hands, i sent order. so catch the idiot, don’t worry, buddy, it’s a chinese fake, on the internet we got it in bulk, give it back, you fool, you’ll die, give it back, and i’ll put a second one in your head, let’s go, run with it, come on, let’s go, eorden, take it, come here, take it off , take off your backpack, take the peak with you, run it. it’s programmed there, now the gas will flow, no one canceled the analog solution, like you he found me, i’m a sailor, the stars, the underlying wind and geolocation, tim and syoma sent me the coordinates, so this is the key to your heart, a gun, a gun, yeah, but should you stand or load a harpoon into your head, what’s wrong with masha? muratov is taking care of her, it was impossible to say everything at once, he’s a shitty superhero, i ’ve got everything in the works, i’ll take con

jamie dimon said they are not buying their stock back.as far as the cyclicality that you mentioned with capital markets and the ipo calendar, if you can't bring a deal in this sort of market, when are you going to? like an ipo, that sort of thing. so, the idea that you're waiting for after the election is kind of interesting, but then -- i know we're going to talk about the google thing with this company, you know, buswiz, thata massive deal that's going to face a lot of regulatory scrutiny. so, we might see stuff get on the tape that wouldn't be approved until next year anyway. >> don't miss our first on cnbc interview with brian moynihan tomorrow at 10:30. here's what's coming up next. >>> the former ceo of walmart u.s. bill simon joins us to break down a major fashion faux pas at burberry, and a would be block buster department deal that just couldn't cross the finish line. >>> plus, alphabet could be about to seal its biggest deal ever. the report ed interest in a security software wiz kid. you're watching "fast money," live from the

jamie dimon says inflation and a interest rates may stay higher than the market expects. is the story of the morning along with bank of new york, bank of new york is up 2 and-a-half percent. wells fargo is down 5 and a quarter percent right now, profits down as the lender shelled out more money to hold onto deposits on intense competition for customer money. we'll hear if citigroup at 8:00 a.m. eastern this morning. how would you assess bank earnings so far. >> it's strange to have a double beat on both companies and have them trend to the down side. that means there's underlying guidance that's negative or some kind of number people weren't expecting. with jp we can see the 8 billion visa revenue may be a down side because we were expecting 45. we got 50. that's with an $8 billion accounting entry. as far as wells fargo go and jp morgan, all of their acquisitions, they really raised operational costs and obviously with higher cost of capital, that's more difficult to deal with. but i think what's really happening with these banks is their front end costs are higher, we h

meanwhile we've got jamie dimon encouraging us to be patient, warning the fed not to cut rates too soonat was the biggest fear coming into all of this right? not to be arthur burns 2.0 but golly you wonder if they could er too far on the other side. let's bring in former speaker john lonski. lidia covered a lot of things so let's start with the consumer because economists always come on and tell me how strong the consumer is and that's always an aggregate number that drives me nuts because we know that folks who own bonds, who own assets, are doing extraordinarily well and they are spending some of it, right? but everyone else, 75-80%, john, everyday they are saying they are suffering more and more. now you've got a ceo with stores in 43 states saying it's disproportion at. the lower income are getting battered. >> right totally the upper-income consumers that are thriving in this economy, these are the people that will tell you the economies doing just great, because of what's happening with their equity holdings and whatnot. i worry about what's taking place with lower and middle inco

dimon. he had no, i think, a number of times then.he expectation is if there were an ask this time, the answer would be the same. anybody who knows, at least, his wife or his three daughters could imagine what would happen in that family were he to say yes. that said, i'm curious on jd adv vance, because you have been following this. i was out a couple days, doing reading like a lot of people may have been about now the vice presidential nominee. aligned with elizabeth warren on some stuff on the banks, aligned with lina khan on some things with antitrust. what is going on here? >> there's a huge sea change, generationally, in the republican party and their approach to the economy, david. this is an era of economic populism and there's a group of economic intellectuals on the conservative side who have spent the past five years coming up with a set of conservative populist policies that deviate dramatically from sort of the chamber of commerce republicanism that you and i grew up with over the past 20, 30 years in the republican party

they comment, laugh, perform resuscitation, i hear how dimon screams, another one approaches, i see thathis one, if he has already stopped, i will not help him, i leave him again, i go to the next one, hoping that maybe i am with him i will do something, the same minus, well, how can you sit and watch midnight, as people die and nothing can be done, well, how can it be justified at all, more than 130 servicemen received. injuries, only at dawn some of them were transported to the hospital on trucks, 57 defenders of mariupol died. russia has not yet allowed any independent group of experts, including representatives of the un, into the territory of olenivka. the ukrainian prosecutor's office is conducting its own investigation into the mass murder of prisoners of war. we, in turn, also try to reproduce the entire picture of events, regardless of our lack of access physical to the place where it happened. we believe that a reactive thermobaric grenade launcher was used, but of course these are conclusions. are not yet final, we are also considering the version regarding the possible planti

guys, even though i don’t drink, i’ll still say a toast, come on, then, dimon, you’ve been with us for become a real person, i’ll go early tomorrow to... guys, i'm counting on you, bye, pash, light it up, come on, come on, well, nazar, this is somehow too much, but the guy was lucky, and what now, envy or something, come on, come on, pash, pash, wait, well, yourself you know, well, the guys are doing well there, i’m sitting with a mineral water, well , i couldn’t stand it, i lost it, i lost it, okay, kiryuk, it happens, pash, well listen, maybe we’ll come back, otherwise it really turned out somehow stupid, kiryuk, i i’m going home, now i have to get up an hour and a half earlier, new job, so maybe this weekend we’ll go somewhere outdoors, take our wives, get divorced, let's talk humanly, okay, call me. did you call evgeniy sanich? come in. here is lenid sergeevich, major mikhailov, andrey, head of the criminal police. hello. leonid's wife disappeared last night near her house in our area. do everything you have to do, rely on my guys, please wait for me outside the door for one minute

dimon pickney mourning the loss of his mother and brother. >> i come from a very hard-working family. and my mom's the definition of a hard worker. >> reporter: authorities say 44-year-old daniel heiden of new jersey was behind the wheel. residents restraining him at the scene until police arrived. whit, police say a preliminary investigation shows alcohol was involved in this crash. wabc reports this driver works as a substance abuse counsellor and had previously written a book about living with addiction. whit? >> whit: trevor ault, thank you. >>> now to the frightening shark attack in texas, one shark injuring four different people. the chilling image showing a woman who was attacked. her husband, also bitten, trying to save her. here's abc's morgan norwood. >> reporter: tonight, patrols on the water and in the air along south padre island, texas, after this terrifying scene. a shark seen thrashing in shallow water. authorities believe it's the same shark that bit two swimmers, including reyna cardenas' son-in-law. >> he jumped out of the waters, "shark, shark, shark." that's when

let’s do this, either you say who the father is, or you yourself are looking for relatives, dmitry, dimonhey confirmed, thank you, hello, hello, how are you, great, i quit from work, they let me go on vacation, so i had to leave, clearly, i asked for guardianship so that they could visit. we found out how he was after his escape and generally looked at how the situation in the family was and he doesn’t live on his own, dmitry sent him to a private boarding house, fontanel, which means i can visit him, thank you very much, i’ll go to him right away, bye, how to get there. you can go out tomorrow, just don’t forget to write a document about your education, write an application, i’ll definitely do everything, here we have a younger group, and there is an older group, so you’re with them and you will work, oh, sorry, hello, grisha, hello, i will work here every day from now on, i’m so glad to see you, grisha, keep up, hello, i’m a new nanny, i helped him lace his shoes, thank you very much, keep up , we are all waiting for you. here he is, my love, we have guests, they came to see you, hello,

we also had the likes of jamie dimon, the jp morgan ceo, did announcing the political violence -- denouncingal violence in the wake of the attack. paul: thank you. for more on the markets let's bring in bloomberg mliv strategist mark cranfield. avril hong outlining some of the stocks moving following the assassination attempt. we also have a stock called wise tech in china because the name sounds like "trump wins big" in mandarin. are we chasing shadows? mark: i think it is more of a powell trade. he will be setting out the platform. quite possibly as soon as september. it is almost becoming a consensus trade that the federal reserve will start easing then. there is an outside chance that it will be july but more realistically it will be september. and they may go big with some traders think a 50 point move is on the table. interest rates have been around the zero area for a long time. they have done one increase the previous year. they hiked a few weeks around the previous election. the scenario is different. and also a lot of the trump trades were focused around the fact that the republica

no flowerbed, that’s all the money, in short, come on, so this is it, our district, oh, well done, dimonare thousands of fats, how we will work. marya sergeevna, i will do everything as you said. well, okay, fedor, mikhailovich, mikhailovich, yes, do it, however, my people are small, it’s not necessary. and energy workers, revolutions. just two words, i'm coming. who is this? this, by the way, is an investigator from the investigative committee, what are you doing here? i, i'm investigating a very important matter here. what does it matter, women were killed. what’s serious, they didn’t just kill him, they also raped him, he’s a maniac, for sure, there’s no one else, are you talking about someone in particular? you say, i’m telling you, there ’s a maniac living in this house here, he was recently released, there are 12 or 15 corpses on it, oh well, they don’t let them out, how do i know, i need to ask you, why did you let them out? i ’m telling you seriously, my mother saw him, my mother told me, i saw him myself, she showed me, wait, wait, i’m telling you again, look, maniac, when you,

david: the smartest people like jamie dimon is very nervous. we got to go.piece in the post. thanks for explaining it. tesla sales falling for second straight quarter despite price cuts. nicholas wealth management affidavit nicholas is here. is it something wrong with tesla or something wrong with the economy leading to slower sales. >> sales are down in china, they are facing stiff competition, they saw ev sales increased by 20% in the quarter. china is a big market for tesla, 21 billion, 20 one% of total sales, china is a big market. what elon musk did was he sifted the conversation to the future opportunities for tesla, robotics, ai, energy storage. tesla is so much more, there are robotics, they are in ai company. you are not buying it because of ev sales, but what the future of tesla will look like. hard to stomach but that's how to look at it. david: something else with regard to evs, people are having problems with the range and during cold weather coming in chicago and elsewhere we saw a lot of ev owners say they would never go back. we had a mckinse

the last shoe to drop in my opinion would be the potential treasury secretary jamie dimon saying i have reversed course, i like bitcoin too. that has not happened, he's not going to be the treasury secretary as of right now but that would be another turning point. stuart: he hasn't said that yet. i want to talk about palantir. wedbush jan i've says the company that's driving ai, is that right? lauren: shares are up 4%, dan ivers season going to 50 a share in 2025 because this is in his words the messy of ai. businesses are properly investing in ai as they increase spending, putting it in the right ai places and palantir and data analytics is giving them opportunities for their money. b1 dan ives saying that gives you a 4% boost on the stock price. >> his price target is 35, his full case target is 50. stuart: he has clout. lauren: it is going to 50,000. nvidia is coming back today. it is up about 3%. one of the issues that hit the chipsmakers yesterday would be the white house, the biden administration and the threat of tighter restrictions on technology going to china. it is overblown,

you got two great names in johnny dimon and larry fink, some people on the bench, how about lloyd blank fein who navigated the great period in a turbulent time. neil: a lot to being decided, thank you for the godfather analogy, the first ever to use that on the show. good seeing you again. >> always an honor to be with you. one of the best heads of the stock exchange. a crucial time after 9/11. very tough to do. you might have heard the secret service director has resigned, calling it quits. a lot of people wonder what took her so long. anna for lena luna of florida is one of them, next. liberty mutual customized my car insurance and i saved hundreds. with all the money i saved i thought i'd buy stilts. being so tall definitely has its advantages. oh whoa. here you go, kiddo. thanks. hi honey ready to go? yup. there it is, there it is... ahhh...here we go. i guess it also has some disadvantages. yes it does. only pay for what you need. ♪liberty. liberty. liberty, liberty.♪ (♪) (♪) (♪) (♪) gum problems could be the start of a domino effect parodontax active gum repair breath freshener cl

i’ve been watching you for a long time, fan, glass, let’s say what about you business, my name is dimontter. what's your name? julia, can i come with a friend? of course, you can come. who is ready to overcome himself and become a hero, it’s time for great feats, this is a turn, we haven’t seen such emotions before, this is a cossack, i don’t know in sports, i don’t remember when something like this, you can cry, you come with... to compete not in order to compete, in order to win, i always have one attitude, either everything or nothing, watch on the belarus 24 tv channel, page, where, let's go, where, to simykin, slavik. this is impossible, why? this is immoral, translate, this is a decline in morals, a fall, also a flight, let's go, no, no, no, old man, stop, stop, this is an old man, old man, i don't play such games, let's go, no, no, no, i ended up here by chance, after your call i thought, since you remember my phone number, maybe i have a chance, goodbye, wait, let's go somewhere and sit, let's go home, vesta, let's go, listen, why did you come, and to destroy my life, it’s not e

direction and will probably try to install the people are -- trump reportedly wanted jd diamond -- jamie dimono be secretary treasury. he is a full on does she wants as many immigrants as possible, way to reduce wages and save money. i think this will be a real question for vance, how does he navigate sort of not getting kicked out of the republican party with his views but also influencing them? the reality is, if trump was elected and things went well, vance would probably lead to the party by 2028. he would be their front runner for the presidency and he would have total control over the executive branch and over the direction of the political party. for now, he may have to suck it up and compromise when republicans are doing things like installing people were anti-labor across the government , when they're putting judges all over the country that are shutting down laws that are beneficial to workers and families. it is a tough compromise for them make. i think -- i want to close with this, the line he told that you quoted about america's hitler is different. it was into my college classmat

i picked up the phone and i called a source close to jamie dimon and he says he's not leaving his job for years. what's interesting is his idea there pushing unity, unity. when we hear from j.d. vance tonight who, remember, is strictly against giving a single dime to ukraine the question is, they talk unity but it's not actually what's being represented. not here tonight. not in the policies or any of the rhetoric. >> great to have you there for us. we will be back with you in just a moment. we have a speaker we are looking out for just a second. donald trump has been saying repeatedly that he can get wall street journal reporter -- released from detention in russia. he said he can get that done only if he, trump, wins the election. he has been a prison in russia for nearly a year and a half on espionage charges. charge that he and the world the wall street journal on the u.s. government vehemently denied and there patently ridiculous. starting at the end of may trump started saying that he had a way to seek away to get even gerghkovich released. he said that even gerghkovich, quote,

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. in my opinion, 8 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 progressive insurance. protect the stuff you love with renters insurance. visit progressive.com. handle i. hosting can be extremely difficult for young homeowners turning into their parents. oh, are you done with this? i'll just take that. okay, he's still drinking. right. oh, look what the cat dr-- no, no. let's try again, if you wouldn't mind. it gets ugly. you can either take it off or i'll take

morgan a week from friday, jamie dimon holds nothing back we will see if there's cracks in debt and debt on the consumer level and we know commercial real estate struggling but once we start to hear about the consumer, then we might start to see it. >> he runs j.p. morgan chase in firsthand some of the most kinks, let me get your sense of the average consumer we get these reports that he or she is tapped out and were getting increasingly tapped out the divided economy that still has airplanes packed, resorts packed, that persist, how do you explain that. >> there is a differential out there that it's the haves and have-nots in many of the haves are happy because they still have the credit in the living on the credit in the expectation of whether there will be entitlements again or we will see free money come around ag again. there are still those living off of their ppp loans that they should not of gotten, i think that is so much of it and we become used to finding a way to go on vacation and go on a cruise, to buy the new iphone and eventually that's where the consumer comes in, i thin

he also says he'd consider tapping jpmorgan ceo jamie dimon for his treasury secretary. in the interview, trump also said he plans to reduce corporate tax rates to as low as 15. and he talked about tiktok saying he no longer wants to ban the popular app. >> president biden was campaigning in nevada. >> it's time for an important conversation in this country. our politics has gotten too heated. i've said the oval office on sunday night, as i made clear throughout my presidency, we all have a responsibility to lower the temperature, temperature and condemn violence in any form. >> thank you all. president biden was speaking at an event held by the naacp in las vegas. that's where he proposed a cap on rent increases at 5% for tenants whose landlords own more than 50 units. landlords who raise rent by more than that could lose access to tax write offs. president biden's also reportedly scheduled to announce support for major changes to the us supreme court. washington post first reported the changes, saying the president's finalizing plans to endorse them in the coming weeks

every year in our county, 200 people over 200 people living in encampments dimon because many those cases to exposure to the elements. untreated, chronic illness. so, yes, we need to get people indoors, connected to services. that has been my bush will making historic investment in this do just that were more than doubling the number of tiny homes that we've built in the city in terms of this heat wave, which has been quite devastating. we've been out with outreach teams providing water, giving people information about our cooling centers. our partners at vta are offering free transportation to the city's cooling centers. so we're doing what we can to try to stabilize and create places people can go during the day. but that's not really a sustainable long-term solution. >> yeah. and you mentioned, you know, all these great resources and of course, a financing that's going in to address this issue. and they all sound like good things. unfortunately, we, of course, do know of at least this one deaths involving the sun house person. so i mean, can you walk us through what you envision as a s

inflation and interest rates may stay higher than the market expects that is one thing crossing from jamie dimonn the commentary market evaluation credit spreads seem to reflect economic outlook. we continue to be vigilant about tail risk. there is a cautious tone basically in the report. let me go over to wells fargo and gave you the numbers. they came in at about 31 the street was looking for a dollar .29 and they came in 26.9 billion the street was looking for 22.9 billion and the looking for higher revenue expenses but a lot of we weakness of wells fargo. >> the stock is down almost 5% 4.3% i want to go through this with you is a largely inexpensive problem that you're reading because even j.p. morgan is down even though it was a beat. >> some of the issues that the banks are dealing with on first blush, the higher interest rate environment impacting them because there's worries about the consumer loan portfolio and both of the banks. 12 under wells fargo mortgage j.p. morgan everything whether credit cards or loans and there is concerns about business loans on the commercial side. that is r

straight to one of the most powerful bankers in the country, the billionaire ceo of jpmorgan chase, jamie dimond began yelling at her, you're trying to steal from my shareholders. and she writes, i gave it right back, your shareholders? my shareholders are the homeowners of california. you come and see them. talk to them about who got robbed. it stayed at that level for a while, she writes and we were like dogs in a fight. as temperatures cooled, i got into the details of my demands, two weeks later the banks gave in. the banks increased their offer from 2 billion to 4 billion for california alone. resulting in $20 billion, that's $20 billion transferred from those wealthy wall street banks who opened with an offer in the 3 billion and 4 billion range all for, quote, homeowner relief. the 2012 settlement provides 18 billion and 2 billion in other california assistance, a victory for harris, he writes who earlier walked away from multistate settlement talks. billions more than the other states were ready to settle for. one of the largest settlements in history. key help for many americans who lo

>> rumor on the street here in new york is dimon wants that job.nk it's a wonderful outcome because he's known as a pragmatic, good banker. i mean, this is really what you want on policy, to bring many talented individuals into the cabinet that both sides like -- stuart: yep. >> i mean, it's brilliant. if this is the new trump 2.0, i like what i see. stuart: it's winnable guy, isn't it? >> i mean, is he going to be a different kind of president in this second term, it looks like. stuart: please stay with me for the hour, if you will. >>> still ahead, elon musk says he's done with california. he's moving the headquarters of x and spacex to texas. missing directly blames gavin newsom's law which says schools do not need to notify parents if their child changes their gender identity. we're on it. >>> homeland security received intelligence on an iranian plot to aa saws nate trump. senator rick scott on that. the senator is next. ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manage

i know this sounds crazy to think about ceo's like bloomberg or schultz from starbucks or jamie dimonerate i think could possibly challenge trump at this point and i do think trump is beatable so i don't think the republicans should rest on their laurels. the ability to craft two candidates after knowing who the vice president selection is going to be and what the trump 2.0 platform is is obviously a huge advantage. they can basically pick the people who will run perfectly against them and that is an advantage. i think trumps going to win it. selecting j.d. vance, somebody whose half the age of trump and biden, and who is pro-capitalist -- liz: and worked in silicon valley. >> yeah, and he comes from silicon valley. that's actually going to resonate and i think part of what we're seeing in the markets is people have now started to bake in the last month or two that trump is going to win and when he does win that's going to be great for capital markets because we'll see lina khan be relieved of duty and then you'll see m&a which is a critical part of the ecosystem kickback in. liz: abs

you hear, like, jamie dimon talk about banks and all of the opportunities that they see. i think that there is that use case. i don't think that the reason is that, i think they were kind of of overdone, and i don't think -- let's wait, let's see what meta has to say, because we did see them both do a lot of spend and also improve their business a lot. right? >> because of it. >> because of it, yeah. that was really important. i'd like to see the continuation of that, and that would allow people to say, all right, well, we're with you on the spend. >> all right. >>> for more on today's market action and where we could be headed next, let's bring in liz anne saunders. >> nice to see you guys. >> where are we in this rotation? is this for real? >> um -- i think to some degree, it's for real. assuming the expectations around the shift in fed policy at the september meeting come to fruition. i think the extreme outperformance that we've seen by smaller cap stocks, by the russell 2,000, is not likely to persist at the same space. i see it more as, we're likely to get bouts of