j.p. morgan chase and citigroup but many of them have turned it down they don't want to pass client account data on to facebook facebook has denied its asking banks who clients account data it says it simply works with banks to offer uses a connection to check their account balance or chat with the back. editor in chief at motherboard deutschland mucks joins us now. and what should we actually believe this time i do remember that last battle it wasn't all that long ago true true we keep talking about facebook on this show right well i think we have to remember that knows such thing going on as a facebook representative and a banking representative meeting in a dr raj and exchanging secret of hard drives. no dodgy video it's not really about what the a wall street journal headline kind of suggests that facebook is giving access to their users and then asking for the banking data of the banks and it was especially only what u.s. banks they don't know all of our banking history by now what this is about though is facebook trying to become more and more of a platform where you do all your daily

j.p. morgan chase and citi group but many of them have turned their request down unhappy about the idea of passing clients bank account data on to facebook. facebook has denied it's been asking banks for their clients' account data. it insists it simply works together with banks as a way of offering users a connection to check their account balance or to chat with their bank. a respected german newspaper reported this week that the black sea port of a desert is a hub of corruption many of the containers customs declarations are falsified zippers become shoelaces because shoelaces pay only a fraction in customs tariffs the charges are laid bare in documents made available to german daily sued doctored sites on papers are routinely forged many people are involved freight companies customs officers police and even the in. teligent service as the you that even though the port was supposed to become a flagship anticorruption project after the might and revolution twenty six year old civil rights activist. played a key role in the protests in the capital kiev after which she was put in charge of

j.p. morgan chase, a large, stable blue chip. >> yes. a lge stablelue chip. last quarter of the bank grew the revenue fro 9% from investment banking and from their trading services and asset management as wells just core loan growth. so about 80% of their business is in the u.s. we think they've got a great chanceo keep expanding international as other international banks have to pull back, and management just announced they'll raise the dividend 40% in the third quarter of this year and we believe they' keep doing that. i think bloomberg's projecting they'll grow the dividend 20%he year forext three years so if you buy it today you have a 2.7% dividend. if you hold it for three years you will probably be getting 5% on your investment. >> all right. we'll keep track of it. bob phillips with spectrum management group and to read more on sdot, go to our website at nbr.com. >>> how teams are their brands to bring in more fans. >>> finally tonight. a number of sports teams are expanding into entertainment business and they're adding their brands to almosthi every

j.p. morgan chase c.e.o. jamie dimon compares cryptic heresy to the dutch seventeenth century. don't these men have a point i mean a bubble forms when there is public ignorance and when most people have a vague idea what it is and how it works. i think that i think you have to point the most people don't really understand what bitcoin is it is peer to peer electronic money that means i have a phone here i can use that phone to transfer money to a nearby phone or to a phone on the other side of the planet the transfer is instant it is practically free nobody gets to decide whether i can make that transaction or not including financial authorities and that in itself will mean a financial revolution this is an extinction level event for banks banks will no longer be a necessary middle. more than anything why i believe this is the future of finance i'm a name that he makes. obviously very popular but it also enables crime to remember the interests want to cry or run somewhere this may this can potentially make governments restrict frequent trait substantially and that drastic slump

j.p. morgan chase bank cross asset fundamental strategy. actually have to keep playing hardball in terms of where its economy is at? now? john: they have a fair bit of space. the degree to which they are going to mitigate monetary policy is the driving force behind exchange rate. if they use fiscal policy to mitigate monetary policy, it will matter a lot. currentlyimportant is stability to the best currency currencyy -- is stability to them? neville: i think they have a -- john: i think they have a presence of mild-mannered stability. i think they have more tolerance for weakness than some people suggest. matt: seven or seven of the half? john: i don't think that is a problematic level for the economy. nejra: some say it is not the level but perhaps the speed of the depreciation. yuanarkets sell off the even more quickly than they have so far? john: i think because the policymakers seem to be averse to volatility, they are unlikely to allow that sort of market pressure to allow volatility to climb. can see market pressure i think there will

j.p. morgan chase bank of america citigroup wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by air. to relax the rule financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the banks is overly broad and would make determining which trades are speculative on behalf of the customers were difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and it's singapore based affiliate in addition to the company profit a russian based firm the move comes as the u.s. re

j.p. morgan chase and citigroup but many of them have turned it down they don't want to pass client account data onto facebook facebook has denied its asking bands for clients account data it says it simply works with banks to offer uses a connection to check their account balance or chat with the back. editor in chief at motherboard deutschland mucks joins us now. and what should we actually believe this time i do remember that last battle it wasn't all that long ago food through we talking about facebook on this show right well i think we have to remember that knows such thing going on as a facebook representative and a banking representative meeting in a dr raj and exchanging secret of hard drives. video is not really about what the a wall street journal headline kind of suggests that facebook is giving access to their users and then asking for the banking date of the banks and it was especially only but u.s. banks they don't know all of our banking history by now what this is about though is facebook trying to become more and more of a platform where you do all your daily dealings on ba

j.p. morgan chase back in the years it's become a meritocracy you know there was talk about you know it's a last fall but it's there's a lot of us all know but it's become the lab's making good this is no longer inherited wealth these are hardworking british citizens who have become successful through their own hard work and reve should be happy that so many people have had upward mobility through this system in the financial sector and i totally get that you know people that have spent their entire careers should be compensated at the. highest get the most money less than the bride but it just does seem like such a big gap and that gap you know i can certainly see why average folks or you know concerned about it and that's why i want to have to we have to tie it to that conversation needs to be tied to k.p. i keep a four month indexes so we get a brick brick sit so let's foreign minister met this week with mr hunt and said look it's only a fifty fifty chance of getting the bricks that deal based on the checkers plan. the minister the charge of trying to work this out as the checkers plan

j.p. morgan chase bank of america citi group wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by effort to relax the rule of financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the bank. says overly broad and would make determining which trades are speculative on behalf of the customer is more difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and its singapore based affiliate in addition to the company profit a russian based firm the move co

j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from a sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty ten through three hundred billion dollars of loans from the international monetary fund and the european union but alongside the punishing austerity policies greece has had to abide by there was also a human cost john psaropoulos takes a look at how changes in society affected the country's youth. prime minister alexis t. pers may have been trying to custom self in the role of a hero when he chose to send a message to the greeks that their economic odyssey is over this is the island home his hero odysseus finally returned home to after twenty years of war and adventure only the same this seems better today a new day has dawned for our country historic day the bailouts of austerity recession and a social desert are finally over our country began to the right to shape its own future and fortunes like any normal european

j.p. morgan chase who would have thought about it what do you make of this and many other big global banks get into the act one hundred free transfer new customers so are they going to only one hundred exactly exactly so they're going to use a lot that's a lot so they're offering this as an incentive to attract new customers so they can attract new customers to like start investing and putting their money into part followers and attracting new clients so they have a lot of competitors especially from new players into the market which are using technology players such as well bill advisors who actually don't really charge fees or say like robin hood free trade one hundred percent free trade commission free so they're they're competing with a lot of these like newer silicon valley. finance then tech place where actually life super low cost trading and that's especially going to come head to head with the crypto currency market where trading fees are essentially almost nonexistent unbelievable you're always so interesting it's great to have you here thank you kristie i have counterpart it and

j.p. morgan chase bank of america citi group wells fargo and six other banks all met with federal reserve officials to complain about the proposal which is currently out for public comment the specific concern relates to an accounting definition of what speculative trading and compass is by effort to relax the rule of financial regulators have proposed using a standard accounting term called available for sale securities that financial term of art according to the bad. overly broad and would make determining which trades are speculative on behalf of the customers were difficult to determine the public comment period on the proposal ends on september twenty. third of measures announced by the u.s. department of treasury are again targeting chinese and russian companies which the department says have assisted illegal shipments on behalf of north korea treasury's actions are aimed at one individual and three specific companies including chinese logistics syndicate daylon sun moon star and its singapore based affiliate in addition to the company profit a russian based firm the move comes as t

j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from a sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty ten through three hundred billion dollars of loans from the international monetary fund and the european union but alongside the punishing austerity policies greece has had to abide by there was also a human cost john psaropoulos takes a look at how changes in society affected the country's youth. prime minister alexis t. pers may have been trying to custom self in the role of a hero when he chose to send a message to the greeks that their economic odyssey is over this is the island home his hero odysseus finally returned home to after twenty years of war and adventure and live the same this seems better today a new day has dawned for our country historic day the bailouts of austerity recession and a social desert are finally over our country we gave the right to shape its own future and fortunes like any normal europe

j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty ten through three hundred billion dollars of loans from the international monetary fund and the european union but alongside the punishing austerity policies greece has had to abide by there was also a human cost john psaropoulos takes a look at how changes in society affected the country's youth. prime minister alexis tsipras may have been trying to custom self in the role of a hero when he chose to send a message to the greeks that their economic odyssey is over this is the island home his hero odysseus finally returned home to after twenty years of war and adventure and live the same this see america today a new day has dawned for our country historic day the bailouts of austerity recession and a social desert are finally over our country began to the right to shape its own future and fortunes like any normal european

j.p. morgan chase is , yieldsbearish treasury above 5%.teven as the bench -- -- benchmark yield struggles to push above 3%. this.dimon said i think rates should be 4% today and you better be prepared to deal with 5% or higher, a higher probability than most people think. joining us with more, out with a new column today saying jamie dimon's call is a long shot. we'll get to your argue -- argument in a second, is it optimistic or pessimistic, the u.s. economy, or pessimistic in terms of we will see a lot of inflation? classic depends on whether you think inflation is a bad thing. the fed can try to get inflation up, it is definitely an optimistic outlook on the u.s. economy and 5% is high. we then seen the level since 2007. gdp number came for above 4%, considered a great combo. so it is a bold call and i am what the probability is. the probability is 0% or 1%, people think, how likely will this happen? banker. a how much is the color it -- how much is that coloring his reading of it? colleaguesy opinion last week wrote about how jamie dimo

j.p. morgan chase chairman and ceo jamie dimon speaks, and investors listen. what he predicted for u.s.y yields last weekend made them park their years. ears.ir ♪ >> jamie dimon is getting bearish, warning investors to prepare for yields of about 5%, even as they struggle to push above 3%. speaking in colorado, jamie dimon said this. "i think rates should be 4% today, and you better be prepared to deal of 5% or higher." >> definitely an optimistic outlook on the u.s. economy. 5% is very high. we haven't seen that level since 2007. it's a really bold call, and i'm sort of wondering what the probability is. he says there's a higher probability than people think, but if the probability is zero or 1%, how likely is this going to happen? ♪ >> food for thought, fodder for discussion. on bloombergts television what they thought of jamie dimon's bold call on rates. ♪ >> although it's possible, i think it's highly unlikely. we would need to see several factors. to be fair, we would need to see several factors to get to even 4%. we'd need to see mature breakout, higher wage inflation in the u.s..

j.p. morgan chase. up 8/10aq at a record, of 1% today. ♪ this isn't just any moving day.day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. david: it is noon in washington, 5:00 in london, and midnight in hong kong. i am david westin. welcome to bloomberg markets balance of power, focusing on the intersection of economics and policy. fed chair powell says they will continue with the gradual path of raising rates, despite president trump's reference. the dollar dips. what started as focus on the russian interference into the election has focused on the trump organization. the battle for congress. we talk with the democratic challenger to a key house seat about what voters care abo

j.p. morgan chase, which has 5.2 million square feet rented in manhattan.ungalow plans to be in 12 major u.s. cities by the end of the year. it has secured $64 million in total funding, $14 in a series a a seriesllion in a. you have a lot of expense with real estate. you have another real estate company. what makes you so excited about this opportunity? >> residential real estate is the largest asset class in the united states, and it has basically been unaffected by technology. all other areas of the economy have been reinvented over the last 20 years, and it's time for real estate to adjust to the modern world. ow takes existing inventory built in the 1940's to 1960's where families and lifestyles were very different and converts it into the demand we see from millennials in urban environments. emily: it is so hard to get an apartment. it is such a headache. how does it work? >> we streamline the process. we make it much easier with our online listings. we have walk-throughs on our website where people can come, even if they are not doing it in then weto

j.p. morgan chase international chair jacob frankel next.omberg. ♪ ♪ had: welcome back, let us back to the beautiful scenes at jackson hole for the fed's annual that together. our global economics and policy editor kathleen hays there with another very special guest. kathleen: thank you very much, ramy. this is the 34th year that our guest has attended. jacob a frenkel chairman of j.p. morgan international, former governor of the bank of israel, chairman of the board of trustees of the group of 30. thank you for joining us. >> my pleasure, thank you for having me. kathleen: the kansas city fed picks something in every year. marketar is about structure, there was always an unofficial topic created by politics, markets, economic forces. this year, there are a couple. . one, donald trump, u.s. president has spoken about being upset with sai fed rate hikes. do you think this is a serious issue? jacob: i'm am sure the fed is not going to depart from this serious issue, it will not depart from its responsible strategies, but it is a serious issue.

j.p. morgan chase and something like 16%, it might be more, of the profits arthe profits arefrom fees and . it is exactly that and they have the ideal image of what the actor should be like. utopianism has not only become a basis of capitalism but it's become a basis for the capitalist profits. the biggest firm in america is getting most of the profits from pretending that the human nature is different than it is punishing you for not being able to live up to it. you wouldn't want to be in the soviet union because come and it's like because they always have to stand in long lines. there's only one kind of store that sells one kind of good and you hit this. the essay benefit forms and at the same 1,000 skus. >> please fill out way more forms than they did. somebody actually managed to figure out the average american spends six months of their life waiting for the lights to change. that's the disturbing thought. nobody figured out the statistics for how long we take filling out forms. so like the internet has become fact that we've gone paperless means we all want to be travel agents and i

j.p. morgan chase, sounding an alarm about where the 10 year treasury yield is headed. a lot higher. which means borrowing costs go up for anything.a $3 billion countdown closer on how to build your portfolio around a prediction like that. that's next. pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis . . other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical cond

j.p. morgan chase and wells fargo, asking for users' transactions and account balances. facebook explained that users would have to opt into using the messenger app to access their bank accounts. those users could use the messenger app to pay bills and communicate with their banks. >>> the dmv can be a very frustrating place. with wait times in some cases topping two hours. we all know it, we've all been there, we've all done that. tonight, state lawmakers and the dmv, trying to figure out some solutions to these long lines. >>> also, they were coworkers and friends who worked next to each other for more than a decade but this was not any normal friendship. coming up next, the man who worked with the suspected golden state killer opened up about what he was like. >>> plus, both sides wrapping up their arguments inside of a courtroom in san francisco. we will take you to the trial where a school worker claims that a weedkiller roundup gave him cancer. >>> tracking a little bit of smoke in the area. more smoke in the forecast with a spare the air day tomorrow. with mexican

j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story. sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty ten through three hundred billion dollars of loans from the international monetary fund and the european union but alongside the punishing austerity policies greece has had to abide by there was also a human cost john psaropoulos takes a look at how changes in society affected the country's youth. prime minister alexis tsipras may have been trying to custom self in the role of a hero when he chose to send a message to the greeks that their economic odyssey is over this is the island home his hero odysseus finally returned home to after twenty years of war and adventure only the same this seems better today a new day has dawned for our country historic day the bailouts of austerity recession and a social desert are finally over our country began to the right to shape its own future and fortunes like any normal european country with

j.p. morgan chase joins us. can we say that ian has turned a corner? -- e.m. has turned a corner? to say that, you have to be picking and choosing your battles in the em space at the moment. as you said, it has been quite a volatile time for emerging markets the past month. there are some tentative positive signs starting to come through. the u.s. and china are talking about trade again, which is a positive issue. we expect more china stimulus to be coming through as well. i think those are the important things investors will need to be watching from an emerging market perspective, particularly as we tried in navigate between now and the end of the year. yvonne: what is key for you to determine whether asian currencies have seen the worst of it? you mentioned about king dollar inht now, there is a wrapup chinese stimulus to keep asian currencies supported. jonathan: that's right. i think the key now is a number of factors. we need to see the china stimulus coming through. that will put a floor under china nominal growth and in turn have a positive spillover affect for the rest of

j.p. morgan chase offering free online trading launching a new service called you invest, the bank is offeringe first year, customers can access the service by using the banking app or website. qantas challenged aircraft makers to come up with planes that can fly halfway around the world in 20 hours. boeing and airbus have come back with designs that could make the trip possible. qantas wants to fly nonstop from sydney to london by the year 2022 and ideally passengers should have sleep modules, childcare, a bar and a place to exercise. i'm pam cook from the newsroom with a look at your "dollars & sense". >>> another bay area freeway shooting, this time in the south bay. coming up at 8:00, where it happened in the new information about this case. >>> those closest to john mccain are gathering for a memorial service in arizona. more on the week of remembrance. >>> things are pretty slow in many areas especially the east bay. we will break it down for you and tell you where it is slow as you drive over to concord.>>> low clouds where there were not too many yesterday, high temperatures are not ch

j.p. morgan chase event celebrating working moer's and her return to the open. >> i was always there and watching still trying to compete and win grand slams andost of all, do it while i have a daughter. >> with herrusted travel buddy by her side and o grand slam title shy of tieing the all-time record of 24, serena williams is focused on the future. add ready to hold tourt. s is the beginning for a new career for me. i'm not going to be gone after the open. i'm going to bet in the n grand slam and the next and the next and theext and the next. this is just going to keep going.ng >> she's go keep going. >> she is going to keep going. if you notice that sweatshirt she had on it said royal, she designed it, you might see it oe friend meghan markle end sent her one but with a person not her flair forefashion and she said olympia likes to run around naked and she has to negotiate as long as she wears pajamas to bed but serena williams is just like us. s >> whe gave the speech after she came in second in wimbledon i remember how it touched so many moms when she stood there and said i'm just like you.

j.p. morgan chase said to our 60 million accounts you can trade 100 trades for free, absolutely free. >> sandrahink they see millennials are getting to the point they can start to buy. right now the economy is going extraordinarily well and reflected in the market. in many ways it's cheaper now this market than it was a year ago. >> eric: that's amazing. >> sandra: charles payne. one-hour special when the market closes today. watch this, neil cavuto with complete coverage of what is about to become the longest bull run in american history. that is today right after the closing bell at 4:00 p.m. eastern when it officially becomes the longest ever when the bell rings at 4:00. >> eric: amazon are making alexa more kid friendly. why the digital assistant will be able to avoid some, well, sensitive questions. >> sandra: espn it is not planning to air the national anthem before nfl games. now the president, as you can imagine, is sounding off on that. the 24/7 crew is here on all that next. >> president trump: espn just came out. thanks to new tena intimates overnight with proskin technology for two