. >>> j.p. morgan ceo on chasing oil price, china and a few jobs initiative. >>> which begin with a look at today's eye opener. >> with us being the lord's plan, if there were a higher plan, i don't think we would be if such a same situation. >> water crisis hits a boiling point. >> governor rick snyder, protesters are calling for his arrest. >> donald is still around? >> donald trump and ted cruz battling for 1st place. hillary clinton an bernie sanders for the democrats. >> they say they always knew it was right. >> the miner prisoners enjoy time with their families. three are getting medical treatments in germany. >> it's one of the coldest morning, we've had. >> if you live in the upper northwest or northeast, you might consider that long underwear. >> glen frey, theco writer for the eagles has died. >> along the way, we really rocked and had a great time. >> donald trump is still rocking in london. the british parliament weather to bar trump. >> this man is crazy. >> match-mixing allegations of sh

should warn j.p. morgan should do a job lending, hoping allocate capital, obviously being safe and sound, which we are. we were a rock of gibralter. >> clearly, this storm had a huge impact. clearly, you have paid billions of dollars in bonds. what do you do with that? >> i probably made mistake doing that in hindsight. in business, you will do some things right, some things wrong. you pay a terrible price. we have if california. we have great people. we paid probably another 20 $billion at this point. so if hindsight. we would not have done those things. >> could that have happened again? >> no, i don't think my boy would approve an acquisition like that. hillary clinton or bernie sanders? >> i don't know. i think at one point, need to get into detail what that is. we are a strong company. we were a source of stability in the storm. to me, list talk about the right way. to have good regulation, not accessible all over the place, good oneles. by the way, i think the regulars should take credit. it's a lot st

so that's j.p. morgan has been doing the kind of stuff for 200 years. in addition to banking, we try to help every community we are in. this is global, too, by the way. >> come back. >> you feel as good as you look? youhood a bit of a health scare? >> i feel good. >> you look great. >> it's a pleasure. >> thank you very much. >> don't go yet, jamie. we have to read the tease. a mosquito borne virus that may cause birth defects is included in a baby in the u.s. we have important information for pregnant women. >> it's been more than four years since they cut ties with legend still has something to say about it. >> monday night football. >> go check it out. >> don't listen to me, go check out what their ratings went to. >> okay. why the singer makes no apology against his controversial comments or sounds. that's ahead on "cbs this morning." it takes a lot of work... to run this business. but i really love it. i'm on the move all day long... and sometimes, i just don't eat the way i should. so i drink boost to get the nutrition that i'm missing. boost comp

j.p. morgan chase, jamie diamond, looking at how long the financial troubles could last. at 8:00. >>> they handed out more than 1,300 cases of water, but 'people are saying this is only a temporary solution. >> ted cruz is staking a late donald trump is riding high. >>> this hospital hopefully says they can start to pick up the normal routines of life. >> the time frame, friday through sunday. a biggest concern, it would know through the mid-atlantic into southern new england. >> reports say more than a dozen players all ranked in the top 50 regularly lost under odd circumstances. >> this is where glen frey first checked with don henley in 1970. that friendship would form the basis of one of the most successful american acts of the rock era. >> i will not be at the academy awards. >> reporter: for the second year in a row, no person of color was nominated. >> he is choking the life out of the guy. now he is suing for $5 million. come on. >> executives of chipotle announced restaurants giving away

chase has come out -- trade higher as j.p. morgan chase has come out with better-than-expected results. we've seen signals from the fed official that the bank could rates. hike interest let's talk you through the european markets. on this side of the atlantic, it was a very different picture with the cac 40 losing as much as 1.8%. higher oil prices failed to bring much relief to european stocks. the auto sector weighed on the and fiatas renault chrysler dragged down there peers. greece has agreed that the imf will take part in its third bailout program. financethe eurozone's minister. the eurogroup agreed to send greece and 86 billion euro lifeline last august -- greece an 86 billion euro lifeline last august, but athens did not want the imf on board. the imf is offering a tougher bargain than other creditors. he confirmed to me that the greek government accepts that the imf needs to be part of the process. admit it absently clear it was part of the agreement we had this summer. absolutely clear it was part of the agreement we had th

joe, what is j.p. morgan exactly saying here?famous analyst was back inr his cause august. he made some good calls after the market selloff, the s&p. said, do not call off the dogs now that we will see more selling pressure. more losses. , the marketed faltered in september and he was the head of that. the buyback thing, there is a blackout time leading up to and companies basically discouraged inside trading or any manipulation with share buybacks and what that has done has taken away a -- the bull market in the seven-year bull market, share buybacks have been really the big driver of share increases when nothing else has been going right. when you remove that, you leave it open to a big decline. going into earnings season now but the last two quarters, earnings contraction march and -- market wide, we seeing headwinds out of china. there is no buyback to fall back on now. betty: doesn't that happen every quarter? joe: it does but the other factors are negative and it does not pick up the slack. betty: it could have affected sto

finally, a report from j.p. morgan, starts off with a bang. we heard from intel. while the actual quarter was good, the forecast was about as bearish as i can recall. they saw weakness pretty much across the board and the stock fell an astounding 9% in one session. this company has a conservative management. still, not that long ago intel computers. that bottom is now history. that's bad news for seagate, western digital, and micron. it says negative things about the big cloud businesses that the enterprise is weak and makes us cautionary about ibm, which reports next monday. i even call into the question the prospects of intel's recent acquisition given the weakness in the results for that line item. jeez, it was a bad call. the other major banks that reported, citigroup and wells fargo, they were good, but not as good as j.p. morgan. and in a market like this, that's enough to take down the whole group. those stocks were crushed, including jpm, which yesterday blew the doors off the quarter. so we had the earnings box unchecked. china, oil, fed, earnings. that i

witness how j.p. morgan gave up its s ins after one of the most beautiful quarters i've seen in the lasting few years. delta will be very important. here's a stock that sells at seven times earnings. its principal cost is jet fuel which you know has plummeted dramatically. but so has the stock of delta. if they don't raise nunbers, not only is delta's stock a a ner, so is southwest which reports on thursday. i expect the stock to drop a quick 10%. brutal rules for brutal times. i say that as someone who likes the stock of delta. after the closostuesday, we had two entirely problematic companies' iterations. the first, ibm, is problematic because it's missed quarter after quarter after quarter of earnings e eimates. i think it could repeat that, businesses can't seem to overcome the weaknesses of its low-growing legacy businesses. a 4% cususon doesn't protect from a real bad quarter. the other problematic name, the best performing stock of 2015, netflix, is in difficult bond. the last quarter was not particul

j.p. morgan profit rose 10%, as expenses from litigation and employee compensation shrank. erik schatzker is listening to the conference college began a few minutes ago. anything stick out so far? >> everyone is waiting to see a jamie dimon will characterize his expectations for 2016. we are hearing from area like and she said a few things that stand out. gas. begin with j.p. morgan took $550 million in 2015 because of the deteriorating environment for oil and gas companies. marion lake says the company expects to take more of those for 2016 but they will not be significant unless prices remain at current levels for a while. she did not specify how many weeks, months, or quarters. if we do notwords, have 30 dark crude, it will not cost j.p. morgan a lot of money in the credit quality of its loans and energy companies. they also talked a bit of a client activity in the markets. there was lower client activity and lower inventory. no more color or detail yet on the outlook for capital markets. how

j.p. morgan will pay $48 billion to settle accusations that it mishandled foreclosures. j.p. as one of several banks accused of robo signing or fraudulently endorsing closures. the bank also failed to live up to an earlier settlement. twitter building a new feature that allows messages that exceed the traditional limit. with thefamiliar situation says the company could be looking at a 10,000 character limit, equal to a 20 minute feed. this could launch at the end of the first quarter. japan's nikkei review says apple will cut production by 30% in the first quarter. it gotdid not say where the information. production of the iphone 6 and success is expected to return to normal levels. shares of the most viable company fell today on this report. that is your bloomberg business flash. alix: the dollar will rally and and euro.e yuan what's up with that? we've seen a huge acceleration in the yuan. >> my argument is that it will help increase their role. there are two elements in the dollars rally, cyclical and structural. there's a huge shift in the north american energy balance. we

j.p. morgan reported fourth-quarter profit up 10%.n asked about oil and gas, the ceo explained the decrease in cost for energy companies. >> the cost of getting oil out of the ground has dropped more than expected. it take the producing, cash flow, discount at 8% or 9%, so these are our forecasts. our energy book is not that large. we are here with bloomberg markets executive editor, so our bookon is saying is not that bad, costs are coming down. how does lending look to you? >> you will have to compare and contrast with what he says and does. milliongan added $136 in loan loss reserves, the first time they have increased the money set aside to cover bad loans in several years. of reason is because concerns in the oil and gas sector. about theconcerns amount of commercial lending that banks have undertaken, loss rates have been low for the last couple of years thanks to the easy money. it was easy for banks to continue extending credit. the concern now is that that comes to an end, and some of these losses start to rise. at the end of

j.p. morgan steepled down today.ody believes anything other than the fact that rich people are getting killed. >> exxon and chevron, let's get to bob on the floor. >> we got commodities and other kind of materials and oil leading the way. that's what you want. that's what moves the marks these days. let's look at the global markets. shanghai dropped 2 nevada%. back to august, we had good import export numbers. doesn't matter nikkei was up. the yen was down a little bit here. japan has a terrible start to the year. first up session in a while. germany gapped up. is off the highs. still on the upside there is a rally. durango, americans in you were 82. look at that. up 5% t. big oil names they're all up 3 or 4%. here in the u.s., same situation. we got a rally led by energy stocks. materials stocks, financial and tech stocks, for a change, consumer staples are lagging. a lot of back and forth chatter with the traders yesterday about the commodity stocks. a lot of shocks, big names down for the day how much could they d

joining us from j.p. morgan asset management.he opening looks fairly abysmal, futures pointing down. down 1.5%. not a great start. jonathan: futures lower this morning. the saudi-iran tension builds, the data from the manufacturing side of things in china not pretty at all. the market opens 15 seconds away. ♪ we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number, and the lowest prices of the season. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store... find the lowest prices of the season, going on now. save $600 on the #1 rated i8 bed. know better sleep with sleep number. move." to "on the guy: it has been a busy start to the year. data disappointed many over the escalating tensions in the gulf. oil prices are rising as saudi arabia suffers ties with iran. this is after the execution of a prominent shiite cleric. a $3

j.p. morgan chases you can still make it withdraw just use a smart phone.ng its entire fleet of atms this year one of the parks is a function that allows customers to withdraw money by tapping their files to the atm. >> pam: the technology used as the same one that allows apple pay and other payment applications to work. the bank says it does not replace the debit card, but allows the customer is to take up money if they do not have their car with them dripping >> brittany: wow >> pam: a 99 year old woman got quite a scare in florida when an exotic animal will hurt and the middle of the night. that is right. >> grant: that's right pam an animal you might not have heard of before they were dealing with was a kinkajou pricked she says she opened her eyes and i was there on her chest. and get this spirit they both looked at each other then screened and both of them ran. --screamed >> grant: it looks like a new monkey. but is actually in the raccoon family. officials say it was being kept at a pet and somehow in must have escaped. the owners plan to pick up tod

hsbc downgraded by j.p. morgan chase. it cut the rating to underweight from neutral, saying waning growth means the lender will be one of the worst performers among european banks this year. hsbc nonperforming loans in the region, which account for 39% of lending books, may jump to $5.4 billion by year end from 2.2 billion in june. surge 15.3ts could billion, according to j.p. morgan's analyst. shares tumbled 3% and london trade overnight. had a rough six months, down 15% over the past 12 months. hsbc is scheduled to release its full-year earnings next month. that chit chat that it could be moving its headquarters away from london, perhaps here to asia. look at let's have a the events in the last 24 hours. the united nations security council will take action against north korea after it said it conducted a new nuclear test. kim jong-un said it wasn't h-bomb, although some countries doubt it has the technology. what do we know? >> we have just learned in the last couple of minutes that south korea has partially banned .ntr

j.p. morgan chase is upgrading all of their atms this year to let you withdraw money using your smart phone. the new smart cash machines will let you cash checks, pages critical bills, and even pay the mortgage. >>> women have been doing it for years but men are catching up on it comes to investing in their looks. sales at male grooming products and process it -- cosmetic procedures are soaring as younger men try to put their best face forward. >> reporter: he is just 29 years old, but, he says he started noticing signs of aging two years ago, so he decided to do something about it. >> i was trying to get the lines. there is botox which works phenomenally so i thought i would start right now. why not? >> reporter: this new york cosmetic surgeon says he is not seeing more men in their 20s and 30s who want to enhance their looks. >> there's less of a stigma with it. it's not as bad or horrible to go in and get something done and make yourself look a little bit better. >> reporter: male cosmetic pro

it played up favorably at j.p. morganed expenses by $400 million in the fourth quarter. in citigroup's case, not a great story. it looks good on a year-over-year basis, but quarter over quarter, expenses rose by some or hundred million dollars. almost by the same number jpmorgan was able to bring it down and citigroup's expenses rose. there is a lot more to be told in the story. for example, the interest of income, how much the makeup men did, and the impact of the fed rate hike or the anticipation? i will look through that and wells fargo reporting that it is a one penny beat, $1.03 versus the estimate of one point $02. i am looking at it for the first time, so i can't say what the revenue story is. let me do that and i will get back to you in a couple of minutes once i'd a deeper. stephanie: for more, i went to bring in steve ratner and our own finance editor christine. expenses.start with citigroup expenses are up. anyone used the two would say it is all they are focused on, especially because they were announced. chri

j.p. @morgan chase is a rolling @out the new high-tech way to @get @cash. @they won't require a debit or @credit card. @customers will use a smartphone @they will also triple of the @withdrawal limits to $3,000. @they are coming later this @year. @he shows up and invited. @apparently he even has his own @paparazzi popping up all over @kingsville. @they have found their way into @the family's hearts. @if they have seen up close they @are kind of a protective of @this @natural born predator. @he comes and goes like he owns @the place. @it's a bit of a showoff. @a fox that is hanging out in @the @he apparently poses for @pictures. @showing a army when i was @taking @pictures. @go get your zoom lens and come @back out. @i was able to click -- creep a @little closer. @it seems like everyone in the @sub division is getting shots @of @sharing online. @another family got him waking @up @under the deck. @it was a sleepy stretch and @yawn. @we deftly have excepted him as @part of our family. @speaking of which there are of @they're looking into what @picket @fences.

you are looking at j.p. morgan in particular and jpmorgan tends to be the knight in shining armor.this time going to be different? scott: i don't see a downside here. jamie dimon always seems to have something up his sleeve to keep this one from blowing out. standout. will be a i don't see any big upside that i do see it as a standout. putgoing to sell next week and call. it's known as a strangle. they expire on january 22. i can do that for about two dollars. the downside, i raked even at 55.5. technically, that is a great place to get in. other side, 61 would be my break even. out to see any big low the upside but any sort of weakness at all, especially down error --5.5 percent area. ♪ . . live from bloomberg world headquarters here in midtown manhattan, you are watching "bloomberg markets." : mexican officials say they are constantly moving drug chapo" joaquin "el guzman from cell to cell. he is back in the maximum-security prison from which he escaped in july. the present has 24-hour video surveillance, which covers every inch of his cell. meantime, mexico has begun the process

j.p. morgan's results that people are not appreciating?if jamie dimon for here, he would say there's a fire revenue streams. -- diversify revenue streams. you can figure out how the results are going to be in any given quarter. trading is a black box. we learn more about it when they report results. scarlet: in terms of legal overhangs, is there anything we need to watch out for in jp morgan? guest: they can surprise you and suddenly have a $1 billion legal charge. i don't know if there is anything specific on the horizon. it would be worrying if it went back up to $1 billion. alix: thank you so much. a very busy man for the next few days. coming up, what you need to know to gear up for tomorrow's trading desk. ♪ scarlet: don't miss this tomorrow. intel earnings reporting after the close. and intel cfo stacy smith will be joining us at 4:30 p.m. eastern time. in so sees its -- intel sees its 2016 sales rising in single digits. meeting, have the boe nothing really expected. sterling has fallen since the dollar. thbe ecb will be posting thei

tisha: j.p. morgan chase is going to install new cash machines that can be operated with the help of your cell phone. customers can operate the machines through an app. future versions will let customers use the machines to access accounts. oprah winfrey is an investor in weight watchers and a member of its board and diet service. she posted on twitter she has wearing -- using weight watchers. its market value rose by $150 million. steve: a new list but it's on top of the list for food trucks. raleigh is ranked number one. they asked more than worry 300 people who has the best food trucks in the country? raleigh's first followed by portland, nashville, san diego. tisha: always try something new. a north carolina woman distraught after an accident. steve: the tragic mistake that nearly took her life. reporter: (vo) if you have type 2 diabetes, you may know what it's like to deal with high... and low blood sugar. along with diet and exercise, helps lower blood sugar. januvia works when your blood sugar is

there was a reception at j.p. morgan chase. jamie dimon, he welcomes you. it was in an art alaric. we have some -- an art gallery. paintinget a kershner for 15 million pounds. beautiful location. the captains of finance. i think they are more interested in doing deals. matt and i are art historians. we are more important that we are more focused on the sourcing -- we are more focused on the sourcing. >> i don't think i'm going to see any of my american colleagues. i think they are just going to stay there in the outs. you fly to miami, spent 24 hours in miami, then come out. can read more about luxury at bloomberg pursuits, your destination for the finest things including travel, watches, dining, and property. >> a quick reminder about how europe finished the day. blink and you would have missed it. forest two-day gain the stoxx 600. see you at 11. >> it is known in new york, 1:00 a.m. in hong kong. welcome to bloomberg market. in new york. from bloomberg world headquarters in new york, good afternoon. i am alix steel. here is what we're watching at this hour. like the situation af

and how best to get it rolling than with a fantastic no-fly zone quarter from large bank j.p. morgan, delivering a remarkable number. good trading results, no losses or charges of any import, and dramatically reduced risk profile via smaller balance sheet. what's not to like? i cheered when i saw the release. so did the market. it looks like no one heard the sirens blaring from best buy, which reported a miserable holiday quarter. this won't be the case tomorrow as we've already got a disappointing forecast from intel and a shortfall from analog devices because of weak mobile phone chip orders, ouch. finally, if what can only be described as a genuine miracle, the st. louis fed hawk gave a thoughtful presentation where he questioned whether inflation might be much less worrisome than he thought, going into the december rate hike meeting, because oil had broken down so convincingly. his talk make you realize the fed isn't just staying there saying all that matters is employment, and since that's strong, we should keep tightening. it made you realize the fed is acutely conscious of ano

scaffolding broke several hundred feet in the air, they wered just off the side of the citified story j.p. morgan chase building in downtown houston, firefighters secure the scaffolding and lifted them to safety there was no injuries. >> ringling bros. and barnum & bailey circus circus and its popular elephant act, a year half earlier than planned, the office will retire to florida, at the conservation center of the circus says that growing public concern about their treatment led to the decision. >> north coast, this is is a steamboat lake erie buffalo, that is a car that was parked cold rain turned to snow and ice no word on how long it will take it for it to be melted and running again. we had a beautiful day overall got rid of that lake effect, it looks great from the inside buzz on the outside, it is quite cold . alberta clipper snowfall on the way with snowfall approaching just a blast statue midday tomorrow a general one -- 3 inchesge and then turns into lake effect event tomorrow and wednesday morning . still though , the snowfall totals could be between four and 8 inches or more than a p

maria sat down with j.p. morganving into the year. >> let me move on to investing and where you see the best opportunities around the world. where is j.p. morgan allocating capital and where? you look at europe, asia and we know the china story, are there areas where you think there are investment opportunities. >> we can see deeper and deeper segment, in the united states in middle market lending and segments that we go deeper, we do it geographically, by region, by country. so we look at countries and say how many clients in the country are multinationals, local multinationals going into the country and out of the country and how can we capture those flows, so we capture them and we're doing that around the world. investment banking, we're doing that by saying why are we not stronger in this industry and that country and do we have the right bankers and right place, et cetera. and we normal go higher or train people. >> is there an area where you see that's particularly attractive? >> our view in china, 20, 30 yea