jamie: as long as i have the energy to do it. jamie, i sure r it takes a lot of energy.ur 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 be fully engaged in business and stuff like that and also try to make it a better country. my wife is deeply involved in philanthropic -- she does inner city schools in the south bronx, trying to get those kids jobs, jobs, jobs, jobs, and she is doing a great job of that, so i will probably help her with that and things like that. ♪ [ engine revs ] [ screams ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] [ [ screams ] ] [ shouting ] brace yourself! th

jamie: brexit is what we expected. vote for the unknown that we thought would reduce the gdp of the u.k. it is going to. it is pretty much going to with foreign direct investment, people opening factories, construction. it is not a disaster. we think .5% to 1%. that will reduce the gdp a little bit. not a disaster. .3%. that is one thing that we know. the second, now we have this uncertainty, and it isn't going to go away because you will be reading for the next year or two years about all the complexity. and we don't know the outcome. so i usually look at best case, worst case. the best case it looks a lot like today. i give it only 10%. and they will not get away with that because the eurozone is angry and they are saying you were not have free access to our markets without free movement of people. that is exactly why people in britain voted against it, for brexit. i was not for it. there was logic for it. their logic was why tether yourself to europe when brussels are passing europe's that affect british citizens, a

[laughter] jamie: i did not know.hought remember the banking , industry was consolidating, so i knew if i did a good job, i would be part of that. but i did not know i would be an acquirer. building up a bigger bank. it is not up to me. it is also up to a board of directors. you make a company as good as you can and that creates all the opportunities you have. david: would you say that the u.s. economy is in reasonable shape? jamie: america has the best hand ever dealt of any country on this planet, ever. ♪ david: what would you advise to get the economy growing at a better clip? jamie: so there are serious issues the country has, and they are not republican or democrat. they are not left or right. they are the issues we talk about, know about. immigration is something we have spent time on. inner-city school education is a disgrace. we should be ringing an alarm bell. over 50% of the kids in the inner-city schools did not graduate. and they do not qualify to have a job. those who create jobs should work together to m

jamie: i knew more what i didn't want to do. didn't want to be a lawyer and i didn't want to be a doctor. david: you chose to go work for sandy -- jamie: it was a hell of a run. he fired me. david: you had a lot of jobs, offered the ceo of home depot. jamie: i am not a hired gun. david: do you think the country is better off for having dodd-frank? jamie: the system has completely recovered. part of that is dodd-frank. david: you would never consider running for office, would you? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? jamie, let's talk about your background a moment. you started out, your father was a stockbroker, and you started out with some bac

jamie: after i got fired.s shows you how stupid corporate america gets -- the company had been set up. we had a cochairman and co-ceo. i was going to be the president and run the global corporate investment bank. because of turmoil among management, deals are very tough. we were co-heads of asset management, consumer -- and technology reported to me. they only reported to sandy and john. i said, you guys are crazy. this will destroy the company. the second you do this, people will build trenches and stockpile ammunition. by the time you two guys figure it out, a lot of people would leave the company. they were saying, it works for me. i said, it doesn't matter if it works for you. it matters if it works for the clients and employees. when you hear a ceo say, it works for me, you should question their intelligence a little bit. that's not how you should look at business. it is what works for the client ultimately. david: when you were fired and were looking for something to do, you are offered ceo of home depot

jamie: banks in europe are way behind america.k about our peaceful neighbors, china does not have food, water, energy, north korea, philippines, japan, india, russia, indonesia, a tough part of the world. that changes people's mindset when it comes to countries. europe is behind us. they have not fixed their capital or profitability. it is much more important to the financial system in europe than it is here. 70% from 80% of the financial system, here, 20%, 30%. if i was running the european government, if you were a dictator, i would layoff at this point and let them do their jobs . pounding them eight years later in my opinion is causing europe to grow slower than it otherwise would. things are unwinding constantly, loans and issues and credit. i do not want to see them hurt anymore, i want to see them get strong and if they have to add capital liquidity, do it then. in china, before big banks, several of them earn twice as much as we do. i tellmerican politicians, that is my competition too. some of them earn $40 billion a year

i'm jamie. >> jamie, hi. how are you? >> nice to meet you. i heard you're the bird lady. >> i am that. would you like to meet my kids? >> i would like to meet your kids. >> come on. >> oh, thank you. look at all these guys. oh, hello there. who's that? >> he says, "i'm bogie bird." and he says, "i'm the senior bird here." >> bogie is a 34 year-old double yellow-head amazon parrot. while he's older than yvonne's two cockatiels, he's still a youngin' among the parrot breed, who can easily live for 60 years. when yvonne first adopts bogie from a bird sanctuary, in 2013, she worries about making a commitment to a pet that could very well outlive her. >> at my age, i thought, "how am i gonna make this work out? these guys can live to be 60 years old. i'm not rich." >> so, will bogie become a strange inheritance? yvonne is worried that her cherished parrot will get discarded, like columbo. and what about columbo? >> it must be costing you a fortune. >> columbo's not cheap, and we never, ever, ever, in a million years, thought we'd be here. >> and?

i'm jamie apody.hillies? they are suddenly winning. what's up with them? >> it might be temporary. i wouldn't get carried away. they are ahead of the meting right now. mets right now. >> they were competitive with the mets. >> if the rotation holds up, they'll be decent. >> the fanatic is on his birthday. his mom is worried there. phillies getting the birthday gift. two run shot gave them the lead. altair, out of the park. back to back. pitching change, then herrera and his bat flip, right center left. back to back to back home runs. last time was 2008. >> they won the world series.5-. they won four in a row, back to 500. altair likes what they are doing late in the game. >> there's been a lot of close games. we always feel we can pull ahead at the end. keep it close. >> it sounds right. >> i like aaron altair. i think he will be a good player. >> he's on fire right now. ryan howard made his debut with the braves. he went 2 for 2 reached base all four times. is it strange to see him in that uniform? >

on that. 0k, jamie dimon saying he will keepjobs in based on that. 0k, jamie dimon saying he will keep dimon saying he will keepjobs in the uk for now at least. the financial times is looking at this age—old problem that never seems to change. women still missing out on a senior jobs in the financial industry. this is the financial times' own research and survey into the situation. give us and survey into the situation. give us your take on this. you run a financial services company in the uk. yours is a small, nimble online player. but when it comes to the big established institutions, it would seem established institutions, it would seem that women in financial services do not seem to get to the top. i was interested to see when reading is that it shows that over half of all employees, at all levels, are women. so more than 50%. which is quite interesting. and there are huge regional variations. the survey does explain that it is deficient in some areas because companies have to judge deficient in some areas because companies have tojudge who is senior and who is not. but in asia it

he's not done yet. >> thank you, jamie. still to come, a sky high record from the series spake walker. the commander is about to reach an impressive milestone. we look at her fascinating career when "action news" comes back. ♪ nobody does underwater stunts, sylvia. except me, of course. this is my stop. adios! ♪ if you're a stuntman, you cheat death. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. número uno! >> president trump will make after long distance call tomorrow -- very long distance. he will call the international space station to congratulations the current commander on her run. >> she's the first woman to command the station, marking 500 days in space more than any other astronaut. >> they call it the peggy factor, mission control's code word for the way peggy whitson gets the job done. the comanter making history with her record for being there more than ever. 666 days in space. she says what matters is the mission. >> i'm not here because o

jamie: the system has completely recovered. part of that is dodd-frank.r consider running for office, would you? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright.

jamie: i knew more what i didn't want to do.r and i didn't want to be a doctor. david: you chose to go work for sandy -- jamie: it was a hell of a run. he fired me. david: you had a lot of jobs, offered the ceo of home depot. jamie: i am not a hired gun. david: do you think the country is better off for having dodd-frank? jamie: the system has completely recovered. part of that is dodd-frank. david: you would never consider running for office, would you? [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪

jamie baker the analyst buying call and he joins us now. jamie, welcome. looking at your report here, you use the term harmonize, american airlines because of labor pressure raising pay to match delta and united. you think that's going to jack up cost for available seat mile. is that the main thing behind this downgrade today? >> there are two parts of it. one, it's simply a modeling exercise. it removes close to 50 cents from our earnings and that puts downward pressure on our price target. but it's more worrisome from the perspective of the uncertainty that it injects into the marketplace. you know, we believe that airline stocks are worthy of higher multiples. to get higher multiples, you have to attract longer term investors. to get longer term investor, you have to show as much earnings durability as you can. fuel cost savings never got much of a multiple because of the effemorality of that input. you were good for four, sometimes five years. unfortunately the american move has emboldened unions probably across the entire space. it's led them to belie

hey, i'm jamie. >> hello, jamie. >> how are you?hello, i'm steven. >> tell me about this car. >> well it's a '37 chevrolet, so it's 77 years old. so, i've had it quite a bit of it's life. >> part of the family. >> yes, it is. >> oh, my. i've just gotten the keys. >> we can do that. >> let's go. >> all right. >> you have this thing insured? >> yes, i do. >> oh, good thing, because there's a tree right there. >> all right. hold on. whoo-hoo! now we're talking! [ tires screech ] this would work for me in new york. auctioneer yvette vanderbrink is here, too. so, yvette, you know, you see these shiny red cars, and, i mean, you can tell there must be some value here. but some of them look like junk. but they're not? >> no. they're not junk. you know, it's a different trend in the car-collecting hobby now. >> that trend is called patina. it refers to the factory-original paint that shows the ravages of time. some car collectors resh that vintage, barn-find look and spray a clear coat of varnish on top to preserve it. that could be good new

at the time still searching for clues. >> jamie's pretty strong.ut eventually there's a time when jamie is -- it's going to hit her and hit her hard. >> reporter: thursday, september 8th. jessica is at a party with friends. >> six to seven people there. sitting around, drinking beer, watching tv, goofing off. >> reporter: she reportedly leaves with kyler, a long-time friend of her boyfriend. kyler, a man with an alleged history of violence towards women. he'd just gotten out of prison on a drug charge. >> she offered to give him a ride? >> they came together what we were told. >> when did you first get that sinking feeling when something was wrong? >> when she didn't show up at her doctor's appointment in the afternoon. >> reporter: hours later police find jessica's black chevy equinox, interior destroyed by fire in an isolated wooded area just off the road. there is no sign of jessica inside. >> that was my worst fear that she was burnt in the car. >> reporter: early the next morning, kyler yust arrested, accused of setting jessica's car on fire,

sunny and mild, with a high of 77. >> is jamie pregnant? i didn't know. that. >> okay. >>> good weather for draft though, perfect weather. >> thanks, cecily. >>> telling people to go fly a kite in bucks count and in one minded. people gathered at faun hill cast until doyletown in celebration of the national tight movement experts were on hand to offer tips on design ing, building and kites of all shape and sizes including one ominous entry, split is, a shark. >> sharknado. >> yes. >> yes. >> we have two of those. >>> abc world news sunday next up on channel six. don't miss "action news" at 10 on phl17 tonight and then we are back here at six abc at 11:00. >>> for cecily tynan, melissa magee, jamie apody, jeff skversky, walter perez and the entire "action news" team, i'm sarah bloomquist. have a great evening. we will see you right back here at 11:00 o'clock. (announcer vo) when you have type 2 diabetes there's a moment of truth. and now with victoza® a better moment of proof. victoza® lowers my a1c and blood sugar better than the leading br

. >> hi, jamie.o meet you. i'm jim. >> inside his house, jim fitzpatrick has arranged his strange inheritance into a shrine, to the woman who left it to him, annie calvello, the hottest star from his favorite sport's glory days. >> a lot of fans went for different reasons. some of them, it's obvious. they went to see girls. some went to see the fights. >> calvello keeps driving. and she's past four and hit in there, knocked down... >> it's back in the 1960s when the gutsy roller goddess makes a big impression on 8-year-old jim fitzpatrick. but let's not get ahead of ourselves. 1929 -- that's when we'll begin ann calvello's story, here in san francisco, where she grows up the oldest of six children. tony calvello is ann's younger brother. >> ann was a tough one. [ laughs ] i can remember getting in a ght in front of the house, and she came up and broke up the fight, then i was the one getting hit. >> as a teenager, ann takes to the latest craze -- roller skating. >> she might have been termed a "tombo

i'm jamie. >> hi, jamie. nice to meet you. >> i meet barry in front of this little house.ep, this is it -- his strange inheritance. it's just 600 square feet, and it's now surrounded by a huge shopping mall -- a mall that the unlikely heir in this story helped build. >> who leaves this to somebody? >> well, edith left it to me. >> edith? >> yep. >> love to learn more. >> okay. come on. >> barry explains that when this house was built over a hundred years ago, ballard, washington, was the shingle-mill capital of the world, with 20 mills producing 3 million shingles a day. >> there was fishing on elliot bay there, and the shingle-mill industry, all along shilshole avenue here. >> cass o'callaghan from the ballard historical society tells me more. did the neighborhood really change over the years? >> in about the late '30s, early '40s, the commercial district moved north and businesses moved out. nobody wanted to be here anymore. >> with the exception, that is, of edith macefield and her retired single mother, alice wilson. edith's early life is a bit mysterious. we know she

in a live blog in the jamie dimon letter was in the public policy clearly reflected jamie dimon's effortsn washington very entire focused on the united states. is the bank gets roughly a quarter of its revenue from outside the u.s. does that mean jpmorgan and the to. banks have less ability glean what's happening overseas than they do in the united states? mr. goldberg: no, just given that the vast majority of their revenues are in the u.s., if you read it, he talks about mexico and china in terms of what's going on about those countries, he also talks about how global financial reform needs to be more harmonized and not giving any have one country or one region unfair advantages. he also talks to expand both in the u.s. as well as overseas, adding corporate breaking offices in additional countries. brexit,we talk about it's and adjusting point as article 50 gets triggered. jamie dimon says while there may not be changes in the next couple of years, there are going to be changes that we for see happening moving people out. is that a risk, something that has to happen, or does it have a ma

. >> i'm jamie colby, and today, i'm in denver, colorado. i'm meeting a retired couple who relocated here to be close to family. it was that move, or rather the downsizing that preceded it, that brought this inheritance surprise to light. >> my name's don camp. i don't know a thing about art, and i doubt you'll disagree when you hear about the two paintings that sat in my basement for years. >> don, phyllis, i'm jamie. >> jamie, glad to meet you. >> you have a beautiful home. don and phyllis's story starts a few years back in 2011, when don retires from his job as an electrical engineer in upstate new york. oh, they have all sorts of plans. they want to downsize. they want to travel the world, see their daughter in taiwan and work with christian charities in africa. and they want to be closer to their grandchildren in denver. so don and phyllis sell their house. how long had you been in that house? >> about 20 years. we had accumulated a lot of stuff. >> with the move date looming, phyllis assigns don the unpleasant task of going through the

jamie in a fedora and katie in a black jacket and glasses. pair have never publicly confirmed their relationship, but rumors of a romance started in 2013. a source tells "e.t." that the relationship is serious, and that foxx recently surprised the actress for flowers during a press tour for the camelot mini series. why did they keep things so private? jamie told nancy he's always preferred to keep his love life out of the public eye. >> i like to keep quiet with anyone that i'm dating, with anyone that i've really, really dated. >> how do you manage to do that. i feel like this, with someone that you're dating, the worst thing is to let that touch you. >>> after camelot debuted on reelz and it got off to a strong start with 1.5 million viewers. >> we saw what happened when exes get together on the red carpet. lawrence zima joined chris evans at the premiere of their movie "gifted." >> what would it like to see her here tonight? >> it would be great. >> no awkwardness here. check out the former couple posing for a cast photo, chatting, smiling

jamie dimon has two big statements.an exceptional country and it is clear something is wrong. he runs down the way the u.s. a stronger than before, but has a longer list of what he calls self-inflicted problems he calls up setting. dollars onillions of wars and rising debts of students. is celebrating its 10th anniversary this week by the coming the largest fixed income mutual fund. say they have $79.1 billion, surpassing other bond funds. investors added $3 billion in march, a monthly record according to bloomberg estimates. china has launched the world's largest container ship, which can carry 20,000 boxes. it left on its maiden voyage. will be in the new transport corridor which links southeast asia and europe. accommodate an ultra large container ship. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. yvonne: thank you, we are counting down to major market opens in asia-pacific today. let's get to our reporter from sydney this morning. i know

jamie, any last words?e thinking. >> owes trying to remember but i was just reading about the starbucks thing in the ceo put out a statement of trying to remember what he said. it was something like to his employees. he said like, i just think we should all care about each other and look at, but first so everybody six dollar cup of coffee. then care. >> so in the wood stain is a come out. we should just all care more about each other. don't you just want to say, you know we should care less about things. ? the hell with them!>> stay out of my bubble. >> stay out of my bubble. that's why i am in a bubble! >> all right we have to move on. next a story so hot that construction workers whistle added on the way to work. and al gore has a new movie. spoiler alert, it is awful! a fiery show done on capitol hill ahead of the senate both confirmed giorgio research to the supreme court. two democrats that they will support him but others are threatening to filibuster including democratic leader chuck schumer. a vote

you brought that up, jamie. the prosecution has gone straight up through the administrations the four of us have been a part of. busho back to reagan and 41 and even the clinton administration -- i do not think there were many dpa's that came up, and even at the start of the bush 43 administration, we had health care and some other dpa 's, but they brought forward these to for prosecution agreements. let's just start out. a good thing or a bad thing with these prosecution agreements in a way they become a standard in solving a case? and there are some, especially on the hill, who believe that a dpa means that you have let the company off the hook. s, i think, asdpa' the attorney general said, if the corporation meets all of the elements for liability, then they should be considered for execution. think you should automatically decide not to prosecute a corporation. there are all kinds of extraneous elements. written is, and i have about this, the fact of the matter is, as paul said, the court case from 1909 said

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go to getfios.com >> jamie apody is in for jeff.e phillies are doing something dangerous -- they are giving us hope. >> it's april. i'm going to have fun with it. not only is

morgan ceo jamie dimon has more on his mind that messaging apps.ll release his annual letter to shareholders this week. it has been a good 12 months for jpm, outperforming its peers and the s&p as a whole. note legally that you are a former jp morgan chase investment banker and lost an arbitration case over your dismissal and are now involved in litigation with j.p. morgan him of it nevertheless we have you on to talk about this. >> that's me. >> that is a mouthful. there is never a dull moment with you, bill. happyoff, is jamie dimon these days with trump in the white house and all this talk about deregulation? >> i don't think you could imagine -- you know i have been talking about a new golden age on wall street for several years now. i don't think you can get much better than this. first of all, let's look at the bank, the largest bank by assets in the country. it has number one market share in loans and close to number one in investment banking. it is unbelievably profitable, making $25 billion net income a year. its stock which for years had

. >> jamie, said they were reflective views. i think they were. [inaudible] as the attorney general said, the corporation meets all the elements of entity liability than they should be considered for prosecution. i don't think you should automatically decide not to prosecute a corporation for all kinds of extraneous elements. the fact of the matter is, and i've written about this, new york central case, supreme court case, that the corporations can be held responsible criminally whether we like it or not. that's the law. if congress was to change the law, it's had plenty of opportunities to do so and it hasn't. i think the department of justice made it pretty clear that general sessions agrees with this department of justice that they should look at entities and if they meet standards and elements of the crime, they should be considered for prosecution let me just push back on you a little bit, larry. your general counsel of the company based on the legal standard that you've been to a few times, you have an employee in brazil has been involved in

jamie, any last words?e you are thinking. >> owes trying to remember but i was just reading about the starbucks thing in the ceo put out a statement of trying to remember what he said. it was something like to his employees. he said like, i just think we should all care about each other and look at, but first so everybody six dollar cup of coffee. then care. >> so in the wood stain is a come out. we should just all care more about each other. don't you just want to say, you know we should care less about things. ? the hell with them!>> stay out of my bubble. >> stay out of my bubble. that's why i am in a bubble! >> all right we have to move on. next a story so hot that construction workers whi what do you get when you combine an h&r block tax pro, with the deduction finding superpower of ibm watson? ah! you get more money. that's what you could get. h&r block with watson. get your taxes won. [vo] quickbooks introduces he teaches lessons to stanley... and that's kind of it right now. but rodney knew just wha

. >> jamie, said they were reflective views. i think they were. [inaudible] as the attorney general said, the corporation meets all the elements of entity liability than they should be considered for prosecution. i don't think you should automatically decide not to prosecute a corporation for all kinds of extraneous elements. the fact of the matter is, and i've written about this, new york central case, supreme court case, that the corporations can be held responsible criminally whether we like it or not. that's the law. if congress was to change the law, it's had plenty of opportunities to do so and it hasn't. i think the department of justice made it pretty clear that general sessions agrees with this department of justice that they should look at entities and if they meet standards and elements of the crime, they should be considered for prosecution let me just push back on you a little bit, larry. your general counsel of the company based on the legal standard that you've been to a few times, you have an employee in brazil has been involved in

to meet you. >> same here. >> jamie is a portfolio manager for me.n that she came out is really to dig into the books. and anything that she wants, just give it to her. >> okay. >> great, thank you. >> no problem. this is the open payables. >> so when you receive the invoices, it goes on this list? >> no. >> so does this break out how much you're paying in payroll? >> [scoffs] >> no? does it interface into your system? no? do you have an aging of your payables? no? >> i checked in with jamie, and she told me she wanted to speak to me privately. right then, i knew that there was a problem. >> i really need to talk to you about what i'm seeing in the company's financials. >> okay. >> their payables are about $3.8 million. >> that's several million more that i thought it was. the numbers that jamie's giving me now are dramatically different than the numbers that i was given when i made the deal. they told me the total amount they own to meat suppliers is 2 million. it's actually 3.8 million. >> their bank loan is $4 million and completely tapped. >> jam

>> a blogser snapped this pic of jamie and katie dining together. jamie in a fedora. katie in a black jacket and glasses. rumors of a romance started in 2013. a source tells "e.t." that the rich is serious and that fox surprised her with flowers after the "camelot" mini-series. why do they keep things so private? he's always liked to keep his love life out of the public eye. >> i like to keep quiet anybody that i'm really, really dating. >> you've managed toe do that. why? >> somebody you're dating the worst thing you can do is let that touch you. >> very smart. katie's series debuts with a strong start, 1.5 million viewers. last night we got the answer to what happened when ekss have to get back together on the red carpet. >> what would it be like seeing her tonight? >> it would be great. >> how would seeing chris be? >> it would be fun. >> check out the couple posing for pictures and cracking up. his arm around her waist. the friend by exes. she can't stop singing his praises. >> what was it like working with him? >> he's an absolutely giflg performer and a wonderfu

gerri: here to react, jamie weinstein, the jamie weinstein show podcast and host. guardian contributor and chris at this setzer new heights communication president. i want your reaction to that comment. what do you make of it? >> it is hard to know what to make of it, one thing only thing president trump has been decisive about his golf weekends in mar-a-lago. he has flipped flop on basically every major foreign policy decision, every sort of economic decision that one could make, talking about china, who during the campaign he said was, quote raping our economy. they are currency manipulator. now that doesn't seem to bother him so much. nato was obsolete. now they're not obsolete. i don't know if you call that decisive. i would say it is flip-flopping. gerri: jamie, flip-flopper in chief. what do you say? >> well, i think sebastian gorka is at least part right. i'm not sure there is no disviiv sieveness anymore in the white house. all reports say there are infighting. certainly on foreign policy in last week or two you've seen decisive white house what they will d

david: we will be talking about jamie dimon, coming up.f donalds the eve trump's meeting with xi jinping. china to doants more to rein in the nuclear program in north korea and donald has raised the possibility of using them as a leverage to do that. we take a look at the complexity in the situation. a man on the frontlines of diplomacy, james stavridis. great to have him with us here on bloomberg television. it is great to speak with you general. you have gone to meetings like this before, meeting a counterpart for the first time, so how does the president approach this meeting that will take place later this week? doingope he is fundamental research and learned about chinese character and history. we talked a moment ago about the leader's bookshelf, one of the great books on it is the art of by annd and -- a book agent chinese strategists. he needs to look at the long-term view of china and if he does that i think he will have a better chance of being successful in these conversations. preparation is key, not only tactical issues, but al

jpmorgan ceo jamie dimon weighs in on the debate of automation versus skilled workers.nd they realize president trump's program may help them. plus indian outsourcing company says india is still a bet for u.s. tech giants. we explain why. add cash crunch to the list of growing pains. we look at the chinese tech conglomerates long list of problems. first to our lead, the concerns continue over the sanctions on visa's guidelines. jpmorgan ceo jamie dimon weighed in on the debate of keeping highly skilled workers in the united states. in his annual letter to shareholders is that it is alarming that foreigners who obtained advanced degrees cannot stay stateside. he says "we are sending talent overseas by not allowing these young people to build their dreams here." these remarks come days after president trump made it harder. say the visa allows outsourcing companies to bring in lower paid foreign workers. but these changes might just might just help u.s. tech giants. we have an extensive researcher into the program. cory, first you. we should remind ourselves why there is s

jamie diamond out with his letter today.got his hands on it. >> yes indeed, we've already outlined the points on deregulation and the overall turn certainly something that was upbeat. let's start through some of the more down beat comments certainly on dissatisfaction. he says, it's understandable why so many angry at the leaders of america's institutions including businesses, schools, and governments, they are right to expect us to do a better job collectively. one of the areas of desatisfaction is antisentiment which he says is growing in parts of the world today. ahead of president trump's meeting with president xi this week, let's see what he said on china. jamie diamond says the united states has some serious trade issues with china which have grown over the years. however there's no compelling reason that china and america have to clash i'm hopeful they can be resolved in a way that is fair and constructive. or nafta, similar tone, he says while there are some clear identifiable problems, identifiable problems with naf

called out, the minneapolis fed president said jamie dimon is wrong.e will look at both sides of the argument. ♪ joe: let's look at where the major averages stand as we head towards the close. abigail doolittle is standing by. ongail: we have small gains the major averages heading into the close. the s&p 500 and dow a little higher. this does not tell the complete story. intraday volatility with stocks around even earlier in the morning, then 0.4%. the dow and nasdaq minutes ago, half an hour ago, briefly dipped lower, but the russell 2000, the small cash deposit, showed big volatility. it was mainly higher, the closing lower on the fomc minutes. it is now up higher, hanging onto its gains. intraday volatility does seem to be one of the themes for investors. this is a chart for investors to show that volatility we saw earlier. and then around the time secretary of state tillerson talked, we saw this down, now it is up 0.1%. not surprising with the nasdaq, the tech is one of the weaker sectors, amazon and facebook trading lower. the biggest, energy. we

apprenticeships so important, let's see if jamie dimon can get to work on that.ing up, bill gross joins michael mckee live from newport beach, california. why he believes stocks and other assets are priced at unrealistic levels. you can catch all of our interviews on bloomberg with the function tv . you can also find breaking news and charts. this is bloomberg. ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call rfree information kityour with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home... and here's the best part... you still own yohome. call now! tak

this letter from jamie dimon is in three parts.gan's business and regulatory reforms are in the first two sections. the last third of the 45 page letter is public policy in the u.s.. he says labor force participation is too low. some of his comments from the letter last year were really prescient and tended to bear out in the global economy. last year he warned about geopolitical risks. he says u.s. interest rates are more likely to rise than go negative. you can follow that on tliv. this is bloomberg. ♪ ♪ our globalme for battle of the charge. we are back to where regular program very -- our regular programming. we will kick things off your in new york with dani burger. >> i will treat this like it is always a tournament. i am looking at em. part of the mystery is why asset managers have a current high futures,luation to em which will be in this white line. let's look at what em has done. in blue we have the msci emerging markets benchmark. we had a low in 2016. it has slowly crept up. 11% gain so far this quarter. we have some tu

face-off, in france in the u.s., tougher these are rules, and jamie dimon's letter to shareholders. >the bank is preparing for a hard brexit. >> we will find a way to improve and increase our commercial relations. >> jack lew speaks his mind and another exclusive. >> i think it would be a big mistake to do an expensive tax cut. >> where in the world you should put your money. soggyopean growth looks of the next 18 months. >> when the fed has taken the football the accelerator or slammed on the brakes, somebody has gone through the windshield. >> it is all next on "bloomberg best." ♪ hello and welcome. this is "bloomberg best." your weekly review of business news, analysis, and interviews from bloomberg television. let's look at the top headlines. political turmoil and south africa continue to undermine confidence and that nation's economy. zuma may face a confidence motion. the rand is lower. >> some top officials are speaking out against the cabinet reshuffle, saying he did not consult them, and speaking out against the firing of the former finance minister. critical as to whether th

both of them are very close to jared and ivanka. >> jamie, thank you very much.u as well. speaking of the president, at any moment now we'll be seeing air force one touching down in palm beach, the airport there. live pictures ahead of this crucial meeting with the president of china xi jinping. we'll take you there live. also ahead, we're learning that secretary of state rex tillerson will be speaking in florida as well there in west palm. the topic unclear at the moment. we'll take that live as well. lots going on. stay with us. does your makeup remover every kiss-proof,ff? cry-proof, stay-proof look? neutrogena® makeup remover does. it erases 99% of your most stubborn makeup with one towelette. need any more proof than that? neutrogena. i'm vern, the orange money retirement rabbit, from voya. i'm the money you save for retirement. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. >>> here we go. secretary of state r

jamie did that great interview with nikki haley. she is one example. h.r.ional security adviser, is a confidante. secretary of defense jim mattis. different world views from what he surrounded himself during the campaign, when he needed to be elected. one thing, there's been a lot of talk about the president, listening to the last person that talked to him. i talked to a senior official who is with him a lot, who said it is not the person that talks to him last, it is about the best argument he thinks is made to him. he will listen to that an maybe changed based on that. >> are we seeing the education of president donald trump in real-time? >> i think we are. i always say think because with donald trump it is hard to -- you know, i got out of the hard and fast prediction business with donald trump sometime in the 2016 election. so it is hard to say for sure, but, you know, i think jamie's point is really important, which is donald trump's background, first president ever with neither military nor political experience, was a huge asset on the campaign trail

also former clinton administration official jamie metzvill. we will go inside north korea to will ripley. will, the u.s. might deem the test a failure. north korea might not see it that way. >> reporter: that's right. for one thing, the u.s. and south korean officials are saying that this missile reached an altitude of 44 miles before exploding over north korean test. u.s. officials thought it flew for 15 minutes. it goes to show the confusion that results after these launches because this is a secretive regime that doesn't announce these things ahead of time. we no that as of right now, north korea has not acknowledged this happened. if they did consider it a failure, they may never acknowledge it. keep in mind the rocket scientists in this country learn just as much from failure if not more from successful tests. they will use the knowledge they gained in the early morning hours here and try again. >> what do you think the motivation for kim jong-un might be, jamie? >> i'm sorry. yes, i didn't hear that. f for kim jong-un, this is a critical

is jamie lee about to do .: ambiance it's what hundreds of bart riders do every day but things are about to change .i'll explain in the next edition of people behaving badly (áájustineáá) bart has had a problem with fare evaders for a long time.(áájr stoneáá) one kron 4 viewer claims the bay area has the worst problem in the country and it's costing us cash. but bart officials say soon it will no longer be business as usual for fare evaders. please permit me to show you a few things.first is this man in the hoodie, he was about to leave the balboa bart station just like the man in the grey sweater just did through the emergency gate nats ambiance he wanders back and forth between me and the station agent then he go's for it he heads straight out the emergency exit and out of the west side of the stationnats ambiance now here are two more, one goes out through the correct gate and the other goes back the other way then he works up his nerve and kinda sorts confronts me don't put me on no tv bruh and out he goes