history. >> j.p. morgan immediately put out plans to help people hurt if with folks out there j.p. this morning probably on jamie dimon optimism where we have futures indicating a big start to trade trading dow industrials up almost 200 points three quarters of a percent nasdaq a gain 47 points three quarters 1 pfrz higher european nkts seeing follow-through today, after yesterday's close also higher on wall street ft 100 up 71 points better than 1% cac quarante in paris up 76 points one and two-thirds percent dax in germany up 1 1/4% mixed in asia take a look we did have a preannouncement on earnings samsung, shanghai composite down a quarter of a percent nikkei average in japan up almost 1% cost of health care we are live at the j.p. morgan healthcare conference in san francisco, "the wall street journal" with fwhoou op-ed called drug price control threat, it is questioning whether or not new congress can come to you a bipartisan agreement over rising drug prices and say basically this is the one thing that seems that everybody agrees on. putting a cap on drug prices joining me i

investment bank j.p. morgan chase has said that crypto currencies would only have value in a dystopian economy and a recent note to its clients the firm said it was skeptical of the value of cryptocurrency is apart from in a dystopia where investors have lost confidence in all major reserve assets like the dollar euro yen gold and in the payment systems according to a report from business insider on monday from sneezing this is an eyeball hemorrhage. from sneezing i went on the stays unfit but could ben from smoke anyway talking about j.p. morgan and they're saying oh big going only has value in a dystopian nightmare and that's why it has value today because it's telegraphing a dystopian nightmare the value of big calling today reflects the level of dystopian ism that we are currently experiencing it's a price of dystopian this limb that we are experiencing because j.p. morgan and other banks are rogue. banks that are committing massive fraud and they've got the central banks on the behalf of us taxpayers to pri

j.p. morgan chase ceo jamie diamond. the senate debate on the shutdown and the case talking about how medicare calculates payments to hospitals. j.p. morgan chase ceo sat down for an interview with discussing the company's performance estate of us economy and the effects of the government shutdown. this is half an hour. [applause] it is a special pleasure for me to welcome our guest speaker today who is probably one of the most important figures in the world of banking and financial markets as the chairman and ceo j.p. morgan chase, jamie diamond one of the most powerful companies of global financial services firm with access of two.$5 trillion. as a native of new york city, he graduated summa cum laude from tufts and was a scholar at harvard business school where he attended to get his mba. he began his career at american express and later became president and ceo of travelers. he moved on to help build citigroup where he was named president to become chairman and ceo of banc one. ceo of banc on

through j.p. morgan chase and his own private family foundation, he is engaged in a multitude of philanthropic activities, most of them focusing on the underprivileged and needy, workforce development , and job development. he has agreed to join me in a conversation, where he says that no topics are off-limits, so that should be interesting. and in addition to questions i prepared, i will also be drawing on questions that have been submitted by our members through our online club website. so i should point out, this meeting is on the record. there are many journalists in the room. if you would please join me in welcoming jamie dimon, we will begin our conversation. [applause] conversation. [applause] thank you for doing this. you have already had quite a week. you announced your earnings yesterday. it's 67%. trading volume decline and you announced 12% for last year. he didn't meet expectations for the first time in 15 years. comments. [laughter] >> thank you very much. i am thrilled to be here. i will a

benefit the likes of j.p. morgan and that whole basically the class of the rulers of this system against everybody else as you mentioned this year they shown all of latin america all of africa all of asia all of europe all of america the populations there make america great breaks it they're all about this dystopian obviously to j.p. morgan it's not dystopia they like it because they're getting free goods right j.p. morgan as you point out they can't tell what effect they're the first beneficiaries of the fraud perpetrated by the central banks and jamie diamond's net worth you know crossed over a billion dollars by nickel and dime ing people to death and engaging in fraud now it's much higher than the but just one quick note about bitcoin in a peer to peer cache definition after a lot of review and talking to a lot of cypherpunks and taking a really close look at the white paper i think we can now say definitively to really get soto's she's vision it's peer to peer gold and that's the history of cypherpunks and that'

chasehrough j.p. morgan and his own private family foundation is very engaged in a multitude of philanthropic activities but most of them are focusing on the underprivileged and helping them to transfer to the workforce development and job development. he agreed to join me in a conversation where he agreed that no topics were off-limits so that should be interesting. in addition to my prepared to questions, i will also be drawing on questions submitted by our members through our online club membership. i should point out that this anding is on the record there are many journalists in the room. if you would please welcome me you would please join me in welcoming jamie dimon, we will begin our conversation. [applause] thank you for joining us. and doing this. we can tell that you have already had quite a week. you announced your earnings yesterday. and you announced the profit drive as 67% despite of cost increases and trade volume declines and you announced -- exceededess, you expectations. i would wonder if

amazon, j.p. morgan, we've got great people, we will take a long-term view. figure how to get data and analytics and we don't know how to do that yet, it's complex. anyone wants to help. when not trying to do this -- it's a nonprofit thing. we want better outcomes for people. we think we can save a lot of lives. diabetes, that we have. we actually -- 75 locks a year. people find out they have high blood pressure, they can drop that from work walking diabetes could drop dead from. we have to do a better job. it's going to take time. they didn't fix the fundamental problems. we just got to go back and say, how do we do a great job for the american citizens? fix problems, it's not against anybody. >> we could go on and on but we've run out of time. thank you so much for coming. [applause] >> thank you.

coming up the chairman of j.p. morgan chase is safe talking about the risks facing the global economy. the outlook for the global economy is turning darker as well. and. china tensions all. i ask dr jacobs chairman of j.p. morgan chase international. stability is pushing people. and the backlash against the system is already being felt across the planet. will destroy the global financial system. cause it to crash again can this boom and bust cycle finally be broken or is catastrophe just around the corner. frankel it's really great to have in our show today my pleasure all right so lots to talk about after last year's dallas summit you have actually cited it the growing global doubt level as a concern but this year we have the china u.s. standoff the e.u. thing is our big problem typical obligatorily do you think we're looking at a recession to come willing to recognize that the world is a very global entity countries in the world are interconnected and therefore it is in a way against the nature of the integrated world t

j.p. morgan a consolidated bank that has commercial banking as well as the trading mechanisms so they have a little bit more like we saw with citigroup that is in core lending and deposits. deposit growth is slowing which is to be expected. loan growth is accelerating a little bit we're seeing those come through sfwlch >> your take, if you could buy one bank, which one? >> if you look at the money center banks with, he would look at citigroup the bar is so much lower given that trades at a discount as tangible value that the guidance we had yesterday that 11% return on tangible common equity is going to go to 12, all they have to produce the excess return aun you'll see the premium, the t tangible value turn positive again. >> what you are seeing >> you know, we flashed it it was $1.98 i think we still need to see what the details are in terms of whether that's actually -- that would be -- analysts are not usually off -- companies don't let analysts be off by 24 cents. >> trading revenues were mi

i was on the operating committee of j.p. morgan chase. in the many ways, j.p. rgan chase was a very strong contributor to evolving the -- to solving the financial crisis. the bank came out of the financial crisis in a stronger position than other major financial institution. to me, the reason for that is because morgan is a universal bank. it had a consumer bank and an investment bank. and we saw between 2008 and 2009, the value of that diversification. the investment bank lost $24 billion in 2008. the bank made money every quarter because the consumer bank had a good year. then our credit card business in 2009 lost $30 billion and morgan made money every quarter because the investment bank had a record year that year. and that balance of having a consumer and a diversification if you're running a large financial institution, you have irresponsibly -- have a responsibility to keep, if not build. what came out of the financial crisis is u.s. regulators wanted to create universal banks so they put merrill lynch with bank of america. when you look at barclays, we h

morgan does the chart master like j.p. morgan> 2019 is a new year. >> obviously you have to speculate with a beaten down bank or go best in class the main morgan is going to -- >> i think financials have bounced a lot already and i'd be inclined to fade the group. >> all right, finally, good-bye carter. >> good-bye, i'm leave. >>> coming up, amazon and netflix, could this be a sign a grander surge is ahead plus star board taking shares of the retailer sgiurng what this could mean for the retail space. much more "fast money" after this ♪ acan echo throughout ane entire community.nge that's why we proudly support, invest and volunteer in communities like yours. because the changes we make today... can you hear me? ...shape the possibilities of tomorrow. u.s. bank the power of possible. >>> welcome back to "fast money," stocks adding to friday's epic rally leading the pack are the former market king kings. other tech giants like apple, google and facebook sat out the rally. are they about to restart their reign and will the rest of

plus coming to us from london is iain steely, international cio of fixed income at j.p. morgansset management. you, i want to start with because in london you are sort of bringing us the global european perspective here. in that soundbite we just had, a lot of concerns from davos about slowing growth. are those fears overdone? iain: i think there is definitely a concern because growth momentum across the world has come down, whether you look at europe, japan downgrading their forecast, we have seen the slowing growth out of china. people are concerned about it and it's a big difference from where we were say a year ago. but i would agree with a lot of the comments we heard from davos, it is a slowdown. we are not going into contraction. we are not stalling, but just at a lower level of growth. taylor: jose, you have been nodding your head. where do you see the biggest pockets of slowing growth? jose: in the u.s. and the government shutdown does not help. some of the advisors in the trump administration said the first quarter could be zero. we have had weak first quarters the wh

. >> j.p. morgan chase ceo jamie dimon sat down recently for an interview at the economic club of new york, where he talked about his company's financial suppor performance, the state of the u.s. economy, and the effects of the government shutdown. [applause] >> it is truly a special pleasure for me to welcome our guest speaker today, who's probably one of the most important figures in the world of banking and financial markets, and also a club member. jamie dimon, chairman and ceo of j.p. morgan chase, one of the world's most powerful companies, a global financial services firm with assets of $2.5 trillion. jamie's a native of new york city. laudeduated summa cum from tufts, and obtained his mba at harvard business school. he began his career at american express, and later became president and ceo of travelers. he moved on to help build citigroup, where he was named president, and later moved on to become chairman and ceo of bank one. following the merger with j.p. morgan, he became president and chi

and we're back with dr jacob frankel had a j.p. morgan chase international dr frankel so that the class of people there are hit the most by this economic crisis that turn into social unrest is the middle class in the west and they're saying hey you know we want economic equality because when while while they're being hit by a crisis their lives are getting drastically richer and richer and that's an undeniable fact so do you think what they want this equality will be beneficial from the coble economy let's say we just start this massive anti-trust tax to reach all over the west do you think it's a good thing for the global economy i think that you're bringing a very deep issue which has been in debate for ages among economists the trade off between efficiency and equity how can you ensure. that when you are out helping the society to be more equitable through transfers from the rich to the poor cetera that you also maintain efficiency in the economy so that you don't have you don't cut the trees that gives you the fruits what do i have in

investment bank j.p. morgan chase has said that crypto currencies would only have value in a dystopian economy and a recent note to its clients the firm said it was skeptical of the value of cryptocurrency is apart from in a dystopia where investors have lost confidence in all major reserve assets like the dollar euro yen gold and in the payment systems according to a report from business insider on monday from sneezing this is an eyeball hemorrhage. from sneezing i went on the stays unfit but could ben from smoke anyway talking about j.p. morgan and they're saying oh big going only has value in a dystopian nightmare and that's why it has value today because it's telegraphing a dystopian nightmare the value of big calling today reflects the level of dystopian ism that we are currently experiencing it's a price of dystopian this limb that we are experiencing because j.p. morgan and other banks are rogue banks that are committing massive fraud and they've got the central banks on the behalf of us taxpayers to prin

i take you to the line from j.p. morgan. j.p. ays equities and credit are still -- still have not priced in a fed pivot point. have you priced in the pivot? >> i think the bond markets clearly priced in the fact the fed are not going to hike rates again this year. to me, that was a risk. this week orpause in march. i think the chance of them putting rates up at some point is higher than the markets pricing. i would not be surprised if we see one or two rate rises come through this year. the big upside surprise for risk assets would be if you see something from the fed on the balance sheet where they to actually slow the pace of the reduction in the balance sheet. that would be a significant positive for equity markets. on the other hand, the market is too dovish in terms of pricing out any fed rate hikes this year. the rally we have seen since the end of december, that has been largely on the back of this more dovish fed. does that make you comfortable with the fact you have been reducing risk since the summer and comfortable with

j.p. morgan reported. we found a way to come back. i think this is real interesting session. >> i think it's a great session. it tags on to other so far we survived a kitey punch from apple. coming up today, on the heels of the largest bank in the united states, you know, pretty big miss at jpmorgan. they have had 15-quarters in a row where they beat. missed pretty big time here. resilience of market, i think is says a lot of bad news is in the rear view mirror. charles: david bahnsen, unlike yesterday, citi you would thought 9:30 would be down 2%. wouldn't be unusual for what we heard. ended up being the strongest stock in the market, the only sector up yesterday were the financials. so it feels interesting here maybe companies can talk their way out of some of this stuff?

buy so over the take delivery of silver similar trash j.p. morgan but the problem is that people don't take delivery they take cash but you can do crash j.p. morgan crash wall street by taking delivery of your private key well i think you should do the exit because you're the star right and that's that's it for this first episode of our special year end up as of the kaiser report may max kaiser as they say are wishing you a happy krypto new year generates us on twitter it's kaiser report. it's a nice time by i'll. tell you we'll both be. going up well what i mean. you know the local superman for movie can see as you know if you buy. it because you're in the form of the media. i'm with you more in there baby one was in the mud almost nothing to do with many balls up in this but my room in theme of it was a defense. nobody could see coming that false confessions would be that prevalent in the spot the waste the form which if you look at any interrogation out there what you'll see is fred promise threat promise threat lie a lie a lie the process of int

buy so over the take delivery of silver since a crash j.p. morgan but the problem is that people don't take delivery they take cash but you can do crash j.p. morgan crash wall street by taking delivery of your private key well i think you should do the exit because you're the star right and that's that's it for this first episode of our special year end up as of the kaiser report may max kaiser as they say are wishing you a happy krypto new year generates us on twitter it's kaiser. it's a nice time. you know world's big partisan movie lot and conspiracy it's tied to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the path and shouting past each other it's time for critical thinking it's tied the fight for the middle for the truth the time is now for watching closely watching the hawks. made. by you will be in the law to show not just us do you know that was what gave she doesn't it with the people most of us are not all what i mean. i mean it was n

buy so over the take delivery of silver similar trash j.p. morgan but the problem is that people don't take delivery they take cash but you can do crash j.p. morgan crash wall street by taking delivery of your private key well i think you should do the exit because you're the star right and that's that's it for this first episode of our special year end up as of the kaiser report may max kaiser as they say are wishing you a happy crypto new year generates on twitter it's kaiser report. she doesn't. make. it the. superman film we can see has nothing to do by the fact. that you're in the home of the media. i'm with you more. with the baby one with a number on those notes and the money also going to go my way. i will start to feel . i've been saying the numbers mean something they matter the us has over one trillion dollars in debt more than ten point zero or aren't happy each day. eighty five percent of global wealth if you want to be old bridge eight point six percent market saw thirty percent rise last year some with one hundred to five hundred thre

buy so over to take delivery of silver similar trash j.p. morgan but the problem is that people don't take delivery they take cash but you can do crash j.p. morgan crash wall street by taking delivery of your private key well i think you should do the exit because you're the star right and that's that's it for this first episode of our special year end up as of the kaiser report may my skies are as they say are wishing you a happy crypto new year generates us on twitter it's kaiser report. until next time i yell. hello my name's peter and i've been living in bushnell for about seven years and this is a film about just some of the crazy things i've got in the time. i need to spend there still are doing it because. i still does not get the cynical. you know world a big part of new things a lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time

maria bartiromo goes on the road hosting the show from the annual j.p. morgane conference in san francisco. rio will interview j.p. morgan chief executive officer and chairman jamie diamond. you do not want to miss that. catch maria every sunday morning fox news channel for sunny morning features in this week's special guest is democratic california encouragement. catch the show at 10:00 a.m. eastern fox news and start smart every day here at foxbusiness at 6:00 a.m. eastern. that will do it for us. thank you for watching. see you next time. ♪ ♪ >> hello and welcome to wall street journal at large. happy new year and may i be the first wish you a successful and prosperous 2020. yes, you heard that right. 2018 ended in a dark cloud of gloom over the financial markets and of the money mavens and professional pundits are to be believed you may want to pull the covers over your head and sleep through 2019. is it all that grim? certainly plenty of reasons to have the bills

alison: i think the issue with j.p. morganarter was fine, just nothing to get excited about one way or the other. the capital markets was a big miss going into the corner. jamie colluded to the fact that they have already made up half of that in january. this tends to be the seasonally stronger quarter. creditsame time, worsening from what we view as unsustainably low levels, it was sort of an amazing quarter last quarter. i hate nothing to get overly excited about in terms of the future. they are already executing very well. one other thing i would point out is caused. that is are we saw a lot of but of a difference with j.p. morgan and the group. both companies coming in weaker on the trading line. what is interesting is that citigroup is bringing down it, and giving hope to cost broadly overall. we didn't get that at jpmorgan and some of that could be that they are investing for the future. they have talked about market share in their business. they also have a much bigger equities business and strength in that business, so

j.p. morganex down 33 points, wells fargo numbers hitting the tape right now the earnings are above expectations at 1.2 a smear estimates called for profit 1.18 revenue miflting stilths 20.898 billion dollars, versus estimate 21.73 billions wells fargo shares are from being aly lower this morning, the numbers literally just hitting the tape right now european indices mixed as i just mentioned, asia overnight was higher across the board, nikkei average up 1% best hong kong up better than 2%, shutdown day 25 border funding battle at standstill this morning, the plaifth blame squarely object democrats. >> government remains shutdown for one reason one reason only the democrats will not fund border security. >> new concerns this morning over security another caravan apparently making its way from honduras this morning the very latest, a feast fit for champions president tre welcomed clemson tigers to white house yesterday with huge fast food spread that he personally paid for. we tell you about it ty

i thought you'd say that - let's do it. ♪ ♪ see how investing with a j.p. morgan help you. visit your local chase branch. at at&t, we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. >>> new toechlts in evening. we are hearing from a teenager who is part of a group accused of mocking a native american who served in vietnam. this is the video taken at washington, d.c.'s lincoln memorial on friday. one teen stood silently while the veteran pounded a drum and chanted him. other teens appeared to be jeering him. one teen approached the group and stood silently trying to diffuse them. he said at no time did i hear any chant other than the school spirit on the cha. i did not h

jamie dimon, the j.p. morganas no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. golden gat bridge drive time less than 30 min from 37 to the toll plaza. richmond bridge drive less than 20 min from the toll to 101 (james) time to talk winners and losers with our financial expert rob black loser: shutdown could reduce economic growth to zero (if it continues) . . . jamie dimon, the j.p. morgan chase ceo who has been bullish on the u.s. economy, said that the government shutdown could wipe out growth from the world's biggest economy. "someone estimated that if it goes on for the whole quarter, it can reduce growth to zero," dimon told reporters. "we just have to deal with that. it's more of a political issue than anything else." winner: netflix is raising prices and the stock is soaring . . . the rate hikes constitute a jump of between 13 percent and 18 percent. the new prices take effect immediately for new customers. existing subscribe

one lady took my cab and told my driver, you know, j.p. morgangave us instructions they will only pay company cards if they use uber. not even lyft. why? because j.p. morgan will be part of the uber ipo. what is the domino effect of this? cabs will sit in the yards. companies that are paying for the cabs and insurance will crumble and fold up. it will open more avenues for the ubers and the lyft. >> chair heinicke: thank you very much. >> you will have ruined the industry and there is no turning back. hi. i'm here to talk about the randall street. thank you for taking that up. first of all, i'm asking the bored to put the randall bike rack on hold. i want to make you aware of the problems with the selection process. the approval that happened on september 6, also ignores the citizens advisory council suggestion that all of the go bike racks be approved by this board and not a single engineer. concerned neighbors who know the traffic patterns and the safety issues of this location better than any city hall traffic engineer nearly unanimously oppos