j. p. morgan and an even bigger drop when it comes to profit at the city group down by about 26 percent a. j. p. morgan, by the way, the stock was a drop of a good 6 percent by far the biggest loser in the jones industrial leverage. and that tells you that something is wrong with the numbers. so for one said, j. p. morgan is saying that there is some wage pressures, so that's good for employees, but it's also me entire cost for the banks and also the whole trading business is cooling off a little bit. but then again, it's really also complaining on a pretty high level for the entire year of 2021. j. p. morgan still achieved record profit. and if you look at a city, one of the reasons why the numbers came lower than expected is that americans actually pay that credit card debt in time. so there's less interest for the banks, but it's good for the us population. yann's quarter in new york. thanks for all your reporting this week. now to some of the other global business stories making news, martin s

j. p. morgan chase, hsbc, and st. on there. while the middle men are cargo soil by j. b. s, beef and mar, freak beef. there are, of course, other retailers that we could mentioned wal mart cosco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes. if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this, what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do, or that every day citizens in general can do in response to this? can individual consumer excellent. anything about that? of course i'm black rock, for exa

j. p. morgan chase, hsbc, and st. and there, while the middle men are cargo soil by j. b. s, beef and mar, freak beef. there are, of course, other retailers that we could mentioned wal mart cosco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes. if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining on and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this, what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do, or that every day citizens in general can do in response to this? can individual consumer excellent. anything about that? of course i'm black rock, for

j. p. morgan's role and manipulating silver prices. the department of justice allowed diamond to pay a small fine for the bank's role in a 12 year manipulation scheme. silver is an important industry. the mexico diamond should be tried in mexico. so just like the u. s. a sang the sons of, of al chapo should be tried in america, and that's why we put a bounty on them and we want them arrested and extradited to the united states. forgetting the fact that of course, angelo would need to approve the extradition. but nevertheless, here it just this past summer, just a few months ago, the united states department of justice allowed j. p. morgan to get away with yet another silver manipulation scheme. and they paid the largest fine in history regarding precious metals, manipulation. that was a $1000000000.00 is passed, taking pesos directly out of the pockets of millions of mexicans. so you have the 4 sons of al chapa. they've got a price on their head. thanks. the u. s. department of justice presumably because they think that america is the

j. p. morgan and now sta. oh, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants. solo tells all the businesses, the taxes that come in with conventions and trade shows. they're gone. you're looking at office occupancy rate in america at 4, he percent, that means 60 percent aren't coming in. what happens to all those businesses? and now, with the fear that spread with the new see, were heard that came out of the moronic via part. the look what they did during christmas holidays all the way what they all of the western world. oh and china, a chinese doing great. did you see their numbers coming it? oh yeah, consumer spending is down that you housing is down. numbers are going down to all locked up, no travel. so this is very serious. we think one of the big trends that we're looking at in 2022, they're saying stagflation. we call a drag flexion. economy's gonna drag down and inflation is going to keep going

j. p. morgan had cancelled their big convention the conference they were going to hold in san francisco. and actually, not only was it, some of the see were in a restrictions, but most people were afraid to actually go that the attendees were afraid to go to san francisco. maximize, don't we, we refused to go to san francisco. and so let's talk about that because we've used the quote from busta all the time paraphrasing prep, frederick boss, yet saying that when plunder becomes a way of life for men at the top, you know, they cree of more legal system and a moral system to justify it and it seems like san francisco is the epitome of that . not only do you have nancy pelosi, representing the region in the congress. and she's like, arguing for insider trading by congress, members of congress. but you have the, the state of california has said like, we won't prosecute anybody who steals under a $1000.00. so it we, you've seen just get won't go broke for real, happening in a wild way in california. an

j. morgan, city bank. and all of these banks are actually offering this particular asset class, whether that's a speculative other that's considered as a store of a while. you really stems the case for the crypt occurrences to flourish from here onwards. brian, should we, there is another argument which is basically why don't we focus this time more on stable coins as a bridge between the somehow stable assets like the dollar and the gold and the curb to currencies. and when we build that trust, it was paved the way for crypto currency to further thrive in the future, and people to build trust, trust with it. so the problem with stable coins is not all stable coins are stable . there is different kinds of stable kinds. the big one, we all know about his tether and there are no persistent questions about the actual backing for tether. the way in which tether operates and its relationship with some of the larger players. this is well documented. there are other crypto stable coins out there that are backed b

j. p. morgan and now sta. oh, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants, although tells all the businesses, the taxes that come in with conventions and trade shows. they're gone.

j. p. morgan chase bank reported earnings exceeding estimates, but warned that there could be a key profit targets in the next few years, and they sent the entire sector down. now, as we've mentioned throughout the week, investors are concerned about the future of monetary policy in the u. s. as we see inflation search to nearly for decade, hiv friday was a rough day finished things out in canada. the toronto stock exchange is up by more than one percent. again, high commodities, propped up the market as a whole, but a little volatility cause things to drop on thursday. something keep an eye on here . economists are warning that candidates, heavy push towards green energy could make inflation even worse in the nation. and moving into next week, we're going to continue to keep an eye on the state of supply chains. those rising crisis talk so much about and any indication we may be getting from the federal reserve on the future of its easy monetary policy and time. now for a quick greg, but when we

and i know how much of a, j, p. morgan, my former employer, and bear stearns, and all the other banks, at least they were created for a reason to separate government from money. the banks of the private institution have the ability to create money. that may sound bad, but it's better than the government creating money. okay, so it's a, it's a bit lesser of 2 evils. so the government wants to push out the private sector banking. so they have control of all money. like when i grew up in the soviet union, there was one bank bank of moscow, basically. so those 2 reasons, the governments want to create a cbc. and if the governments eliminate paper cash, bitcoin will go through the roof. those are the biggest catalyst for big coin to go up and price, the elimination of paper money, and something like the breakup of the european common currency. all the italy is all the greeks. they're gonna rush into bickley. we've got about 10 seconds. gary cancer is still on hold about determining whether a theory is a security or not. how do

j. p. morgan includes the survey showing only 5 percent of its clients going to $100000.00 this point while the majority believe it's going to $60000.00 mark is more relevant here. does any of this chatter for wall street really mean anything for those true believers and hollers? now i really don't think so. i think it's a lot of noise and we're trying to do is as best as we can to educate people about how not only is between the best performing asset of the last decade. but it's truly this unique savings technology that couple of decentralization and removing us from being sort of at the whim of the central authority and whatever they want to do with these, you know, the manipulation of interest rates. and also this idea of true digital scarcity. while they print money, you know, into oblivion. this is just 21000000 bit points that will ever exist. and it's owning a pre piece of digital real estate that hopefully will allow you to be able to save and accumulate wealth into the future. so us long

j. p. morgan and deutsche bank projected for rate hikes as well. so where exactly do we stand on the future of bad policy? well, joining us now just is form or fed insider and ceo of quill intelligence, daniel dean martino booth, and our good friend, boom bus, co host christy. i. thank you both for joining us. danielle, i want to start with you on this. obviously, what's the takeaway now that it appears the threshold for maximum appointment has been reached? do you actually see that we could see for rate hikes as predicted by these big banks? i certainly see the public wanting for this to happen there looking at the tea leaves as a tear to day. and today's market action was very indicative of how wall street feels about this prospect of 3 or 4 interest rate hikes. the higher the yield went on, the 10 year treasury the benchmark for the world if you will. the lower stocks fell as we started to see flight to risk after the math came out with its, its basic play to the federal reserve saying don't high interest rates too quickly . you're going to slam

j. p. morgan chase, hsbc, and sandtown there. while the middle men are cargo soil a, j b, s beef and more freaked beef. there are, of course other retailers that we could mentioned wal mart costco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes, if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this? what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do or that every day citizens in general can do in response to this? can individual can select more anything about

morgan stanley,back of america, j for morgan, citi, all of them senator significant gains because interesty, lauren? lauren: so they were upgraded to overweight at morgan stanley. they lake their -- they like their commitment to capital restraint, and they see cash coming to investors. but the oil picture is also good. you had brent touching 80 just moments ago. opec did meet today and, yes, they approved a 400,000 barrel a day increase for next month, they do not seem worried that omicron dents demand. and that transitions me to the next two companies, some travel names that are higher as well. you can see the cruise lines like carnival and also american airlines on here. so people, there's still a desire to go places. but i'm going to throw this out, the booster: so the fda made the booster shot available to the 12 and up crowd, and i think what that does is just increase protection for more travelers. i see that as a positive in addition to -- stuart: let me just interrupt for a second. lauren: go ahead. stuart: we've been doing this for two years. we've looked at the cruise lines. ever

for compensation allen hit $17.7 billion last year, that was up 33% from a year earlier and jp morgan ceo j dimon. listen to this. >> here was the amazing thing. we talk about the supply chain of omicron, we are having supply chain with omicron. it's slowing down the growth and slowing down the recovery. you still have a very powerful underneath. huge pressure in wages and people. maria: for the first time in his life, ted, he said he's seeing huge pressure on wages and people, how does that play out? >> well, i think that's correct, maria, but i think looking backwards. in other words, we think most of those numbers that they're teeing off of, they hit their peak in the fourth quarter of '21. we think that '22 will have a slowing. doesn't mean that you won't have inflation but maybe half of what people are thinking in their minds and the other side that growth won't be quite as much either. if you already look at the atlanta fed and some of the numbers that are coming out, they are already lowering the numbers for the fourth quarter. i can't see us going along the same path and they're cor

>> reporter: morgan, the white house confirming that judge j. michelle childs is on the list. she is a federal judge in south carolina who supported by a close biden ally. president biden has nominated judge childs for the appeals court. she had a senate confirmation hearing scheduled this week. now the white house will postpone the hearing while childs is considered for the supreme court. the president's short list is believed to include judge ketanji brown jackson. a former law clerk for justice stephen breyer and california supreme court justice leondra kruger. a white house spokesman told me those are not the only three candidates the president is considering. president biden will announce his decision by the end of february. >> historic nomination. josh lederman, thank you. >>> a new york city police officer was laid to rest on friday one week after he was shot and killed while responding to a call. his wife demanding change at his funeral as the u.s. sees alarming rise in gun violence directed at police officers. here is nbc's rehema ellis. ♪♪ >> reporter: a sea of blue

jp morgan raised jamie dimon's pay by 10% for 2021 after the firm's most profitable year on record. joining us now is paul js. look, it's not like jamie dimon -- jamie dimon is struggling for money. what does this pay rise mean for him? why give him this vampire? >> good morning. i think it is to do with the pay pressure throughout wall street. there is a lot more money going in. the basic salary. as well as this year, you know, a huge increase in bonuses across the board's, really. for a lot of investment bankers. i guess this comes on the back of some relative restraint in 2020 when people were not sure exactly how the pandemic was going to play out, how it was going to affect the economy, whether the kinds of revenues the bank was making were going to be sustainable. it was relatively contained in 2020. we have seen a boost everywhere. special bonuses for jamie dimon. special bonuses for jamie dimon. we have not seen so much of an increase going out to shareholders which is one of the interesting things that has gone on this earnings season. manus: we have obviously seen the bump up in junior banker pay