j.p. morgan chase i want to bring up la tin from j.p. morgan chase. >> (clapping.) >> so i'm the western executive at j.p. morgan chase i want to think i have the best job and days like this reminded me of that i want to thank mayor ed lee and chip and the warriors for partnering we're excited to invest isn't chase center pilot program and binge that to san francisco as a global firm we're hearing from people washington high school about the fact they can't find the workers with a program is decade like this san francisco go upping u as you may know is a illustration of the challenge and faces the work we're at the center of innovation and change but at center of critical and associate challenges and all responsible for the challenges and as extension advance in the steroids involved we have to make sure that those in the middle are not pushed out and over the next 3 years our firm is investing $22 million on innovations to have more economic growth to insure we're lifting up individuals this is important that's why question made the inve

j.p. morgan chase i want to bring up la tin from j.p. morgan chase. >> (clapping.) >> so i'm the western executive at j.p. morgan chase i want to think i have the best job and days like this reminded me of that i want to thank mayor ed lee and chip and the warriors for partnering we're excited to invest isn't chase center pilot program and binge that to san francisco as a global firm we're hearing from people washington high school about the fact they can't find the workers with a program is decade like this san francisco go upping u as you may know is a illustration of the challenge and faces the work we're at the center of innovation and change but at center of critical and associate challenges and all responsible for the challenges and as extension advance in the steroids involved we have to make sure that those in the middle are not pushed out and over the next 3 years our firm is investing $22 million on innovations to have more economic growth to insure we're lifting up individuals this is important that's why question made the inve

j.p. morgan chase i want to bring up la tin from j.p. morgan chase. >> (clapping.) >> so i'm the western executive at j.p. morgan chase i want to think i have the best job and days like this reminded me of that i want to thank mayor ed lee and chip and the warriors for partnering we're excited to invest isn't chase center pilot program and binge that to san francisco as a global firm we're hearing from people washington high school about the fact they can't find the workers with a program is decade like this san francisco go upping u as you may know is a illustration of the challenge and faces the work we're at the center of innovation and change but at center of critical and associate challenges and all responsible for the challenges and as extension advance in the steroids involved we have to make sure that those in the middle are not pushed out and over the next 3 years our firm is investing $22 million on innovations to have more economic growth to insure we're lifting up individuals this is important that's why question made the inve

j.p. morgan chase i want to bring up la tin from j.p. morgan chase. >> (clapping.) >> so i'm the western executive at j.p. morgan chase i want to think i have the best job and days like this reminded me of that i want to thank mayor ed lee and chip and the warriors for partnering we're excited to invest isn't chase center pilot program and binge that to san francisco as a global firm we're hearing from people washington high school about the fact they can't find the workers with a program is decade like this san francisco go upping u as you may know is a illustration of the challenge and faces the work we're at the center of innovation and change but at center of critical and associate challenges and all responsible for the challenges and as extension advance in the steroids involved we have to make sure that those in the middle are not pushed out and over the next 3 years our firm is investing $22 million on innovations to have more economic growth to insure we're lifting up individuals this is important that's why question made the inve

j.p. morgan, for about 16 years, so what is the greatest pleasure of running a bank? jamie: this is my contribution to making it a better world, running a good j.p. morgan chase. ple that if i don't do a good job for j.p. morgan chase, i heard the opportunities for people. we can't be philanthropic. if i do a good job, we can do all those things. i'm not an artist. i'm not a tennis player. i'm not a musician. i'm not a politician. this is my contribution. jamie, i sure your am shareholders would be happy for you to stay forever, but you have any plans how long you will stay in this position? jamie: as long as i have the energy to do it. jamie, i sure r it takes a lot of energy. david: your health is good? jamie: my health is good. thank you. so as long as the board is happy with me. i always say five years. i will be 65. i do think there is a time when the right person is ready that i should leave. maybe the board were asked me to be chairman for a year or two or something like that. i will have an afterlife. like you, i am never going to stop working. it takes a lot of energy. i will go on a board teach, do , something to help the government somewhere. i will

j.p. morgan chase beating expectations. banks with big trading expected to do well after trump's victory in november. the prospect of higher interest rates and lighter regulation all helped as well. banks are still doing ok. >> the order may make it more difficult for them to hire foreigners. that was regarded as a risk for the tech industry. is that an impression where you are? >> definitely. the visas are issued by a lottery. this is what trump hates about this idea. they were supposed to be issued to highly skilled and highly paid foreign workers but the lottery does not take this criteria into account. they are used by tech companies in silicon valley to higher foreign workers, young graduates . companies must prove people hoping to hire hard doing unique expertise. the issue of these visas did come up at trump's tech summit in november stressing its importance and bringing and retaining talent. >> thank you for the analysis. that is all from the business desk. back to you. >> the u.s. vice president has reentered -- re

j.p. morgan chase -- the next one. i do not want them to have that, we should have it.could buy us one day. we have to be careful when we talk about american business, what we want from american business and how important it is for the success of america. thesest us, a lot of companies are in the same boat, ge, caterpillar, we need to compete with large and tough competitors globally. david: you have been running a bank for about 16 years. what is the greatest pleasure of doing this, running a bank? jamie: this is my contribution to making a better world. a lot of people do a good job at j.p. morgan chase, the opportunities for people and for the -- we cannot be philanthropic, if i do a good job, we do those things. i am not an artist or tennis player or musician, i am not a politician, this is my contribution. david: i assume your shareholders would be wanting you to stay forever but have any plans? jamie: i love what i am doing and have the energy and my health is good. as long as the board is happy with me, i will be 65 and five years, if the right person is ready, i

j.p. morgan chase, i heard the opportunities. we can't be philanthropic. a good job, we can do all those things. i'm not an artist, tennis player, musician, politician. this is my contribution. david: i'm sure your shareholders would be happy for you to stay forever, but you have any plans how long you will stay in this position? jamie: as long as i have the energy to do it. david: your health is good? jamie: my health is good. thank you. as long as the board is happy with me. i do think there is a time when the right person is ready that i should leave. maybe i will be chairman for a year or two or something like that. i will have an afterlife. i will go on a board, teach, do something to help the government somewhere. i will be fully engaged in business and stuff like that and also try to make it a better country. my wife does inner city schools in the south bronx, trying to get those kids jobs, jobs, and she is doing a great job of that, so i will probably help her with that and things like that. ♪ live-stream your favorite sport at the airport. binge d

j.p. morgan chase. i don't want them to have it. i think we should have it. they can buy us one day. to be very careful when we talk about american business and what we want for american business and how important it is for the success of america, and not just us. i've put a lot of these companies in the same boat, ge, caterpillar. we have to compete with some tough competitors globally. david: you have been running a bank for about 16 years, so what is the greatest pleasure of running a bank? jamie: this is my contribution to making it a better world. i tell people that if i don't do a good job for j.p. morgan , i hurt the opportunities. we can't be philanthropic. if i do a good job, we can do all those things. i'm not an artist, tennis player, musician, politician. this is my contribution. david: i'm sure your shareholders would be happy for you to stay forever, but you have any plans how long you will stay in this position? do.e: i love what i as long as i have the energy to do it. david: your health is good? jamie: my health is good. thank you. as long as the board is happy with

j.p. morgan chase and the warriors and morton son and clark i mean, i'll ask the mayor to talk about how specials is and following the mayor chip in the golden state warriors and j.p. morgan chase and one thing that is really special we have two trainees that be talking about that so with that, i'm going to turn it over to mayor now. >> (clapping.) >> thank you, todd and thank you to our port for having that facility right here on pier 9 of one of the biggest questions in san francisco those days when is the warriors around open and you know going around any part of city that's one of the major questions people are excited about this and even those companies that were boyd with warriors and making sure that they got their name out there particularly with mayor vic and chief clark the warriors arena we want to build it right they will saying how can we honor the city people are proud to associate themselves with the center you have to know all 41 of you know in your

j.p. morgan chase and i don't want them to have it. i think we should have it. and they could buy us one day. so we've got to be very careful when we talk about american business, what we want for american business. and how important it is for the success of america. and not just us. i several earn twice as much as we do now. put a lot of these companies in the same boat. we've got to compete and we've got to compete with tough competitors. >> globally. >> you've now been running a back, cco banks one and j.p. morgan for 16 years. what's the greatest pleasure of doing this? >> my contribution to making a better world. if i don't do a good job i hurt the opportunities for people, and the business we can't be fill an thropic. we can't help people grow. if we do a good job we do this. i'm not an artist, a tennis player, a musician. this is my contribution. >> i assume your share holders would be happy for you to stay forever. do you have any plans? >> i love what i do and i still have the energy to do it. it does take energy. >> your health is good. >> my health is

j.p. morgan chase i hurt the opportunities. i hurt the people that we do business with. philanthropic. if i do a good job, we can do all those things. i am not an artist, i am not a tennis player, i am not a musician, i am not a politician. this is my contribution. david: i'm sure your shareholders would be happy for you to stay forever, but you do you have any plans how long you will stay in this position? jamie: i love what i do. as long as i have the energy to do it. it does take a lot of energy. david: your health is good? jamie: my health is good. thank you. as long as the board is happy with me. i always say five years. i i do think there is a time am 65. when the right person is ready that i should leave. maybe the board will have me as chairman for a year or two or something like that. i will have an afterlife. like you, i will never stop working. i will go on a board, teach, do something to help the government somewhere. i will be fully engaged in business and stuff like that, but i will also try to make it a better country. my wife is involved with philanthropi

j.p. morgan chase. standoff over north korea.t pence inside onea hoping to put pressure the chinese to take action. in emerging markets, -- in markets, now that medical -- st. jude medical is required, -- let's get to the latest on the federal reserve. president trump is planning to nominate randy quarles.

j.p. morgan chase merger. i find this very out of character. i am a little surprised. i also know tim main, the guy andhe was recruiting reportedly the person he was looking to defend. >> figuring out who the whistleblower was. >> he is a little bit of a controversial person so maybe that added to the feeling inside that maybe he was not the right guy to be bringing on now. better.ey knows he should have known better. i have written about whistleblowers at barclays. peters a very, he was never particularly well either. marks it have an issue with whistleblowing generally, but jes staley should not be reaching down into the organization to try to unmask a whistleblower. that is just not kosher. >> as markets improve more broadly, is this something that is going to be damaging to morale potentially? to curve the recovery in any way? >> i think it does hurt the was a lowing function at barclays. it is supposed to be anonymous. you are supposed to be able to report these things and not be unmasked. if the ceo is trying to unmask you that is not good. however, whistleblowin

j.p. morgan chase. standoff over north korea. vice president pence inside onea hoping to put pressure the chinese to take action. in emerging markets, -- in markets, now that medical -- st. jude medical is required, -- let's get to the latest on the federal reserve. president trump is planning to nominate randy quarles. he was a senior treasury official in the bush administration and erik schatzker asked him back in 2015 what he thought about policy. >> i am all for transparency and i think the fed has that right. what is wrong is it continued -- it continues to believe it should not follow the rule. if you are going to be transparent, you have to be moral rule-based and what you are doing. us now is erik schatzker who conducted the interview and also michael mckee , economics reporter on the fed. york bureau chief who knows a lot about randall's background. like he is happy to do .he job and is qualified eric: you get as much as you need into how he thinks and his appointment to the fed would be with the history of the financial

j.p. morgan chase and the warriors and morton son and clark i mean, i'll ask the mayor to talk about how special this is and following the mayor chip in the golden state warriors and j.p. morgan chase and one thing that is really special we have two trainees that be talking about that so with that, i'm going to turn it over to mayor now. >> (clapping.) >> thank you, todd and thank you to our port for having that facility right here on pier 9 of one of the biggest questions in san francisco those days when is the warriors around open and you know going around any part of city that's one of the major questions people are excited about this and even those companies that were boyd with warriors and making sure that they got their name out there particularly with mayor vic and chief clark the warriors arena we want to build it right they will saying h

j.p. morgan chase, wells fargo and citigroup, a lot of eyes will be on the gas tax as things progress thisson. back over to you guys. >> thanks a lot, dom chu in the newsroom. on the conference calm, they tend to give guidance about the economy. a lot have been out talking about loan growth, loan demand, improving animal spirits. >> pete has been on this, everybody here has been on the bank trade. >> i haven't been. >> that's not true. >> go ahead. >> he's been off. >> i have been off. i went to -- >> the thing with the banks, even if the economy is slowing. i do think there is room for the banks hired. karen mentioned this last night. on the fact there will be reform, regulation rolled back. that's extraordinarily bullish. i'll say this to me, it's not multiple for the banks, it's about price per tangible book. at the height, they were trading anywhere from two-and-a-half to three times, now they're closer to 1.4. >> the regulation -- hasn't been able to get anything done yet. what gives you the confidence? >> that they will be able roll back regulation? >> i can speak with no confidence

j.p. morgan chase releasing it's a jamie dimon annual letter to shareholders.commodities. the most viable cut diamond ring ever auctioned. alisa: i am alisa parenti and you are watching "bloomberg technology." the u.s. condemned the attack and stands ready to assist russia after a bombing at a st. petersburg station today killed at least 11 people. officials say a homemade device detonated inside a train. a judiciary committee partyline vote sent will -- judge neil gorsuch's vote for confirmation. democrats have 41 votes to block the nomination. mitch mcconnell may change senate rules to a simple majority threshold of 51 votes for the confirmation. the white house has agreed to document each tweet posted by president trump according to the a.p. which says the request from the national archives and records administration include deleted and corrected posts. the president met with egypt's president today. the goal is to rebuild relations strained during the obama years. former national security advisor susan rice requested identities of u.s. citizens and reports

j.p. morgan now? >> it is something to think about. i don't see it as a big concern. finances of global business. do businessant to with j.p. morgan chasebe able to do business whether they are based in london and dublin, or somewhere else on the continent, asia, new york. the world of finance is global. companies come to wall street it is such an incredibly successful business. they will find wall street and jamie dimon wherever he is coming so brexit or no brexit, yes, something to think about. i'm sure they have a lot of people worried about what they are doing or not doing there, whether they should be in london or not, but it will not slow their business down. >> i'm going to play devil's advocate. you wish people like jamie dimon would come out and be more outspoken about fixing what is wrong on wall street. guys goingn are you to get off their backs? they have already been trying to fix it, right? they have paid billions of dollars in fines, admitted wrongdoing, trying to root it out, so what more do you want guys like jamie dimon to say? >> you and i have talked about this before, having wall street paid billionsders of dollars

j.p. morgan chase. they all report around thursday. point, thepivot dollar has been in consolidation.t shows the dollar-yen has been trading around the 40 day midpoint, and if that continues they stay at a handle 112, a strong signal for the yen. ramy: in addition to earnings what else are we looking at? su: we have a few reports in light of the mixed signals on the jobs data. we are looking at the jobless rate, that is of interest. also sales. we have had consumer prices like change. retail sales will be the biggest spotlight. more news from economists, there was a lot of increase in march. it will wrap up the first quarter, and there will be consumer sentiment pieces that will be noteworthy. there is a major auto show. the new york auto show is always a lot of excitement, big cars, diversity, but it comes on the heels of a disappointing sales report for the industry. if we going to the bloomberg #7105, it is also the issue of banks writing off more auto loans, and the real focus, is this the next subprime? it isis debate, but likely questions on the conference call to the bank earni

j.p. morgan chase, switching up some trading positions to strengthen their depth. that brought positive reception. ibm, big question going into the tuesy sessn on whether the the ceonual salary -- that for five straight years has had quarter after quarter of declining revenue -- is going to get that salary package approved. interesting question. let us go into the bloomberg for the risk on, risk off index because it is clearly spiking higher in the wake of the french election. turning to commodities now, we saw both oil and gold. there is pressure at the french vote cut through the demand. fund managers have been piling into gold. what is the story there? su: we go back to where the statistics reflect before the election, you will see that hedge funds managers are piling into gold, looking at it as a life raft against the declining dollar. those positions are longer-term positions. they really reflect that gold has been doing well given all the geopolitical turmoil in recent weeks. concerned about whether trump was going to effectuate some of the policies he was ta

j.p. morgan chase will be investing $25 million to support initiated that help the bay area to continue on a pathway to more inclusive economic growth yes. >> (clapping.) >> as part of this commitment we announced last week chase center assist is community initiative that will tackle head on the bay area economic and social challenges by creating pathways to opportunity in a series of powerful local partnerships chase center will focus on 3 pillars last year small business growth and housing development and education and workforce readiness we believe those are a powerful compliment to the important work the warriors are doing an incredible team and one of the most vibrant regions in the country i want to thank the team orientals joe and peter uber and wanting rick wells and mayor ed lee and the board of supervisors coach steve occurring and all the warriors players for all the pirnl and thank you for all you do i love basketball as sports growing up any entire life and love the quote teamwork makes the dream work, yes. >> (clapping.) >> that's what's going on in the city we'll bring incre

j.p. morgan chase share our vision of a transformtional project from our first meeting with chase their commitmentea is a possible list of reasons to be involved you'll hear more about that shortly but thank you to shawn duh for being here today. >> (clapping.) >> also with us representatives from two other companies that have been announced the united airlines i thank you to our brothers and sisters in organized labor that stood by us and chase will bring thousands of job and agreements we've entered into once once again, we'll do this right. >> (clapping.) >> this has been an unbelievable undertaking for the warriors our staff is with us names like david kelly and marty and steve and peter and chip and others they don't show up but i can tell you the kevin duran's for this project thank you. >> (clapping.) >> to jesse and clark and those folks that helped us navigate this crazy city by the bay and t.j. johnson and not everybody started is going to be able to is a finish by from the city in two sections. >> (clapping.) >> we lost jim in 2014 but the spirit remains with us we'll feel her steady ha