j. p. morgan chase, jamie diamond, has warned investors to prepare for an economic hurricane to come. what did he mean by this? well, those are pretty thought were it's just a week ago, jamie diamond actually prepared him his back and investors that he sees some a storm cloud sir. but it's not clear if both clouds will all eventually result in a storm. so now just a week later he is talking about hurry can partly because of the war and the crane and what that means for an energy markets for commodity markets for food markets. you say that potentially the oil price could go all the way up to $15175.00 per barrel. that was, that's also make inflation matters worse than the other side. he also looks at the federal reserve, not just about the interest rate hikes, but actually the tightening so that the federal reserve is about to get rid of treasury's bonds and the amount of up to 95000000000 dollars a month. something we haven't ever really seen in that incent and, and that's why jamie diamond is saying there could be a hurricane coming even if right now the status quo. every thing looks

j. p . morgan, san char says it is a handful of household names in the financial institutions the are active. so i think that of 18 months, 2 years ago, crypt i was pretty nation was sort of the preserve of the relatively small number of people. but actually fast forward to today, most retail businesses, most hedge funds, asset managers, and banks do have active quicktime block chain projects. so i think probably increasingly mainstream. but of course, equally still at the foot holes of that to energy being adopted. there are companies like yours that have said that long term mainstream wells can be built by investing in crypto was that not misleading at best. and we see how many people have actually lost fortunes by investing in crypto. this is an incredibly unregulated market, and yet more and more investors came out during these really these real boom times and said you can make a fortune for long term mainstream investors. there are pictures of families on websites, for example. these weren't j

j. p. morgan talking about a hurricane coming up to the us economy. and so obviously more and more company leaders, some are warning that actually things could turn around to the worst when it comes to the economic outlook. and then with the labor market report. yes, it was still strong, it was the last big job number that we got before the next meeting in about 10 days, and that is pretty much on autopilot. so that despite some sign that the economy might be calling, the federal reserve is still going to increase interest rates probably by 50 basis points. and overall, there was a little fell off on wall street and for the week we are traded down by a good one percent young quarter bringing us super good feelings out of new york. thank you so much. europe's automotive industry has had a rough patch sticking with cars. budgeting is a nightmare. raw material. prices like sheets still have doubled in just a few months and energy prices only know one direction and getting your hands on. car parts has also become tricky due to the war in ukraine. in this

j. p. morgan chase, one of the largest banks in the country of levy strauss, maker of blue jeans. ah, goldman sachs, one of the big power houses on wall street. all of them are telling their employees we will pay for your transportation ah, and travel to a state where abortion is legal if you require a reproductive services. so this is a continuation, i think of a decades long history that has become more up front and more intense recently, of corporations standing up or getting involved in politics. you know, that disney was involved in a scrape with the governor of florida. but disney nevertheless is saying if it's employees need this service, then they are going to help us to send them somewhere where they can get it. thank you very much. and the latest from a sandra is rob rentals are 14 to us that thank you world. so i'm not joined by liz lance. she is the author of the book, the labor about which is about right and the autonomy of pregnant women. now this was unexpected decision, but also red and unprecedented. how did you feel when you heard of the news? so like you said, i

j. p. morgan chase, c o. jamie diamond, and goldman sachs president john waldron. are the companies of also cut jobs or paused hiring american employers in the technology sector? they cut around 9 times more jobs in may than in the 1st 4 months of the year. while retail giants, including wal mart and amazon have said they hired to aggressively earlier in the year. but president joe biden says, u. s. job numbers in may are historically row boston are one of the signs of a healthy economy. u. s. employers added a 390000 jobs, extending a streak of hiring. the figure has beaten forecasts for a 325000 rise in new roles. but mays increase was the slowest for a year. the unemployment rate held at 3.6 percent for the 3rd month in a row. and nearly every large industry added workers. one major exception was retail when shed nearly 61000 positions and pay has been rising faster than it has in years. the average hourly wage close to almost 32 dollars last month, up 5.2 percent compared to a year ago. however, pay growth slowed in may for 2nd month in a row. well, john is now

j. p. morgan announced plans to lay off a reassign, about a 1000 staff in their mortgage business. we seen other mortgage lenders doing the same. they're doing this in response to their customer demand. it's it's collapsing . we're also seen some other signs. if we look at the number of properties listed for sale, it's growing. and keep in mind that just 3 to 6 months ago, the market was so red hot, a large number of properties were sold without even being listed. these are significant changes. i. i welcome them because they can take some cross off the market. bring holds down to a point where the average american, or even the average of british worker could, could afford the right. now it's very tough. if you can just give me your outlook or sort of the best and worst case scenario for the u. s. in europe going forward. oh boy, i'm american. so naturally optimistic on with the history of, i'll just say the best case is a short, sharp recession of the harder and deeper and the shorter the best recessions eliminate excess capacity recessions. as we just discussed, a reduce demand an