jamie: geopolitics could create stress.il and gas prices, trade alliances, surprise is higher rates. maybe inflation bounces up. next year may be in the cards. if you had higher rates and stagflation you will see stress, leveraging companies and credited, things like that. paul: jamie dimon speaking to bloomberg's francine. head of income strategies amy kirkpatrick is with us. the fed has but it needs to start easing but i want to pick up on what jamie was saying. history about what he has observed and he has some gray hair. this is something i raised this week, he is old enough to remember the days of double digit inflation. this is not high, zero low rates are not normal. is it heavy talk? amy: markets like -- equity markets like to be optimistic but i do not have as much -- i have the data of the last century and whenever you look at the range of inflation and you look at the recent episode, we are tracking ahead of schedule in terms of the way inflation came down so i agree with jamie that the market is overoptimistic b

theme support our stock. >> when jamie dimon says i'm cautiously pessimistic that's jamie being jamie and in your mind there's not that much to be pessimistic about when it comes to his business? >> i think jamie dimon is worried about the geopolitical risks and debt levels of government and things that happen to go wrong with the tail risk overall but what you're seeing in jamie dimon's numbers overall were fine, were good and he's worried about the kind of three sigma event. >> so the nvidia of banking you always have a way with words and you're talking about jpmorgan? >> the one number that stood out from jpmorgan's investor day today. >> gpu sales >> no. $17 billion of tech spend. $17 billion. that's a record. no bank has ever spent $17 billion on tech in one year. that's equal to the total expenses for the eighth largest bank that's what jpmorgan spends on tech alone. spending it on ai and digital banking and modernizing the back office trying to be the preeminent digital bank 2.0 the next version of banking where you create new product services, relationships and engagements tha

if you put on cnn, there is jamie raskin again. put on msnbc and there is jamie raskin again. fox news? what is jamie raskin doing on fox news? but the truth of the matter is that our congressmen here in the eighth congressional district in which this hotel is located is a national figure now. and we are very very proud that he is with us. i don't know if you are aware that he helped found the acclaimed marshall brennan constitutional library project at american university law school. it is now in 20 different law schools. a colleague of his that is here today, that was looking over my remarks, said, that is the most important thing you will say about him. this project has sent many thousands of law students nationwide into public high schools to teach high school students at a a semester long about the constitution as the bill of rights. that's a pretty big deal. right? [applause] and if that was not enough, it he created the democracy summer project. for all of the people that don't know what that is, i will give you one sentence of it. but if you do have high school student

jamie: am available today.my eric adams is that it begins just when he thought that he turned around making a lot of sense within the offered this explanation this idea what to do with the 81000 millilamberts enemies and let's watch. >> how do we have a large body of people, that are in our city and their country, that i excellent swimmers, the same time, we need like hundred lifeguards the only obstacle is, going to give them the right to work to become a lifeguard, genius. brian: this oh racist i'm surprised he did not keep going like we need people to climb fences and professional clear. jamie: i was a lifeguard but i got partners trying to save his girl given her. [laughter] , just like this and she was driving to try to talk to a friend. [laughter] brian: that was a problem totally different story and your here legally so he really did not help the segment and next, scientists work something so relieved. jamie: yes they are working on something to detect sarcasm yes which i get hundred could really use it

jamie diamond says the u.s. has to stay engaged with china.ton and beijing are not enemies. >> geopolitical situation is tense,. terrorism in israel. this is affecting our relationship with china. put taiwan aside, it's the right thing for america to engage with china, every nation want to what is in their own interest, unfair trade, what you need to do, but china is not a natural enemy. we could work together. we have common interests. >> what does it mean for a bank? >> cautious. china used to be good, not anymore. we bank, 1500 full-time nationals are not leaving. we are cognizant of the risk. we look at china and hong kong as one >>. what does trump mean for the u.s. economy? >> >> >> i don't know. >> too>> soon figure out the policies? who was elected may not affect the next year. it is likely our a big tanker. the most important thing is the geopolitical situation. leadership is divided and that means economic alliances which will trade, it means nato, russia should end when because if they do it can tear apart the western world. >> what

and jamie we know you are so lonely jamie you are grateful and you get a prank call. you make of this whole new development you been watching the trial. >> i tell telemarketers don't hang up. as we've been following the trial since they started the monolog and a lot of stuff. and you know what i take issue with i take issue with what anderson cooper that it rinses credibly on this topic which that's not what credibility means if your dishonest on 1 topic your credibility means we can't trust you a ton of other things. trying to get them leeway as this felt bad. it should be over we should save our money and it's something i would just never... i will never have to pay real hush money every single time as every time there right after it's like nobody should find out about this. is the secret is it's quite a savings. as i wonder if this crank caller realizes that he just made the most impactful crank call in history no think there's ever been a crank all that had a consequence other than upsetting a senior citizen as want to meet this individual's 22 now legal age there

if you put on cnn, there is jamie raskin again. put on msnbc and there is jamie raskin again. fox news? what is jamie raskin doing on fox news? but the truth of the matter is that our congressmen here in the eighth congressional district in which this hotel is located is a national figure now. and we are very very proud that he is with us. i don't know if you are aware that he helped found the acclaimed marshall brennan constitutional library project at american university law school. it is now in 20 different law schools. a colleague of his that is here today, that was looking over my remarks, said, that is the most important thing you will say about him. this project has sent many thousands of law students nationwide into public high schools to teach high school students at a a semester long about the constitution as the bill of rights. that's a pretty big deal. right? [applause] and if that was not enough, it he created the democracy summer project. for all of the people that don't know what that is, i will give you one sentence of it. but if you do have high school student

jamie: they will be down. francine: why are they not pricing it end? jamie: a lot of happy talk.k come from? jamie: banks reducing rates. political things down disseminate. the future is not predictable like that. i am a student of history. when i go back to the market of 72 and the collapse of 74. the collapse of 82. the 1987 market crash, all of them were not predicted the year before. i look at the factors that drive the thing. francine: what do you see as the main stress now? if it is geopolitics is not priced in. is a distress, or multiple factors coming in at the same time? jamie: in terms of oil and gas prices, trade alliances, this prize would be higher rates because inflation did not go down. inflation may be in the cars and have nothing to do with what you see today. if you had higher rates god for bid stagflation you will see stress and real estate and private credit and things like that. katie: that was jp morgan ceo jamie dimon with francine lacqua. coming up we have seema shah. that doesn't from bloomberg markets. i am katie greifeld in this is bloomberg. ♪ from the

he sees jamie's kids more than jamie does. >> greg: jamie i suppose it's good you don't have a brain worm because i get more sympathy from your family. >> it's so weird you said that about my whole life. when i walked into the green room my wallet in my calendar were arguing over who was out there. this disney thing makes me -- you know queers for palestine we all know almost four hamas. my problem is you are blocking the exit to disneyland and hoping that i will come over and listen to your calls. disneyland is very expensive. why don't you help me out and blocked the entrance. i feel like protests are always trying to inconvenience us. if you said you had an extra- fast pass i will listen to all the [ bleep ] you have to say. >> greg: it's a weird place to throw down and protest. you've got families and a father that probably wants to kill himself, you have some screaming brats in the back. i wife, what is she thinking this is going to be a good idea going to disney world? >> that lady's voice ruined an erection i was going to have tomorrow. >> i love that you plan ahead. 3:15 may

[ applause ] jamie at a nonwhite this question, would want to read it to you anyway.our ex-wife dom to, to your wife -- to get house, kids never thing you own it leaving a lonely and depressed, because of that how much time did you spend on dating apps like bumble? you must have used dating apps? >> that was a question quick summary of my life? i did absolutely do dating apps and that makes you feel bad as a guy when you hear those were the parameters. i am not 6 feet tall, that's also something you can change about yourself. immutable? i don't know! i get that all the time, i've actually gotten, you look taller on television. which is crazy! maybe your tv is sitting up on something. you know? [ laughter ] but the thing is, isn't bumble that was her whole thing? now they're not gonna do it? that was acme going, we can add a little bit of raw meat. >> sean: >> greg: that is why they were called bumble, a clean be the right queen bee. they were in charged, and the little worker bees came. they don't realize how much easier it is, when we were younger and dating, we did

i don't think it's a buy right here jamie's saying they're not buying it. the last thing they say, the stock took that leg lower, because of the recession comments he's dictated so many different things in the financial space over the last, call it almost two decades or so, but this is a bank that has $4 trillion in assets when you think about succession, it probably goes in the hands of -- i could see two ceobank. so, that's something that i think we're going to spend a lot of time talking about. >> $4 trillion in assets and flush with capital this is a situation that you appreciate where this bank is coming from. jamie dimon has a long history of playing things on the per perhaps xo tantly so given the fact that we still get a read on inflation, we don't know where interest rates are going, wait someone at the helm of largest and the reason why it trades worth its premium valuation because it is perceived to be the best bank. they continue to invest in technology so, for me to get behind someone that is saying, listen, we want long-term investment that is

and he's so tall he sees jamie's kids more than jamie does. s jamie'new york best selling ar and comedian, former nba champion derek. >> jamie, i suppose. >> i suppose it's good you don't have a brain worm because that might hava brai gee sympathy from your family. >> oh, yeah. it's so weird. it's so youyou just said that . >> about just my whole life. we when i walked into the green room, my wallet and my calendara arguing over who was emptierrg.- >> this disney thing makes me, you know, the big, your palestine. there are big you know, we all know like homos for hamaowos also. very good. my problem is, wereth your blocking the exit to disneyland and hoping that i will comsneylandping thae and lr disneyland is very expensive. >> why don't you help me out?lp >> why don't you block the entrance? >> i'd liki e to save some mone. i just really protest. are always trying to inconvenience us. right? i feel like if a you said to mes hey, i got an extra fast pass, d yoan the gossip.ying to inconv >> yeah, it's a weird place] to throw down a protest. i

insteafferent d of, like jamie , the picture.ou have to deal with the real thin picturl wig. >> i'm not sure how to how follow up after that. what's the business here with bumble? >> did they make a mistake? i mean, these ruledel heres of e because the stock price is tanking 80% from when they went public. user engagementanking,t declinip because people are getting married and then hopefullyletine they're deleting their profile, which would be the right thing to d righto. but it took seven years to figure this outt, you. >> you know, why not let amy gender make the first move, at least to give jamie and joe a shot? no w, the dating app? >> yeah. no, m. w, i love the just i'm trying to help them out. and you have, joe, you are a , is this works out really well for you. is it weird, joe, that no mattert weiroe how you resist ry or biology, it always somehow returnrealits? e is yeah. yeah. greg, i just want to speak to some of the comments that have made speakom previous. >> a number of women hit on me all the time. they come up and

morgan boss jamie dinan lights a fire on succession talk. closer than ever. nvidia will discuss a new partnership. our exclusive conversation with the ceo. european stocks and u.s. stocks are near record highs. modest gains yesterday. nvidia will be a catalyst with earnings on wednesday. in the u.k., inflation data crossing early. futures pointing lower, european stocks pointing to losses around 3%. the spot index reaching the highest level since january of 2023. s&p futures are flat. let's flip the board and look cross asset. we've been hearing from the central bank reiterating higher for longer. messner saying it is no longer profitable, it is appropriate to go for around two. 433 on the benchmark 10 year and that is the bloomberg index. modest gains and vision affects. modest gainsetf speculation clod highs. will bitcoin break out of the range? copper is at 10,800. the commodity that rallied 28% year to date. keeping across commodities. let's cross over to asia. avril hong in singapore. tough day for hong kong stocks with the tech leaning. avril: it is loo

it's probably in jamie's amazin . basement. >> and the problem is, i'm going to need a small model d l. t oh, yeah? because all the japanese guys are six nine to make godzilla movies. they're on strings. you got to be small. yove gottai be.ha >> i would be up for that. jamie, what do you make of the. book and what would you like to auction? >> oh, sugar. great questionstion.. i actually had a black book. you might be surprised to know, but it was pretty big. slhe girlsty big all i've slept with out at.never no, i, of course, never hahad a little black book.lu >> the old man was married. i had little blue . it was, you know what, i was dead on. greg, i'm being. i thought about this a lot. i woul thit d. e tyso i would want mike tyson's the gloves he used when. he won his first heavyweight title. and i also think my ex-wife woulavd be psyched to geyweighte them. >> i know he didn't mean punch with. >> no, no. i mean, if she could get that one off of everything. >> thank you, tyrus. well, hey, because i'm on, they'll bla

jamie dimon, thank you for joining us.p morgan chief executive officer and with that, i will send it back to you in new york. jonathan: a fantastic 15 minutes with the brilliant francine lacqua breaking down the markets and everything else. what you heard there is it was not an economist giving you a base case. it was a chief executive talk about a very wide range of outcomes that he needs to manage wherever they fall. lisa: his range of outcomes still has skewed to the idea of yields going higher and inflation remain sticky. not a base case and is not calling for yields to go to 6%. how do businesses hedge against the possibility at a time where they have to be prepared for risks that are maybe a little bit more tricky now. jonathan: also a lot in there about foreign policy and international risks. annmarie: interesting what he had to say about the u.s. and china working together. that's the opposite of what we've seen or potentially will see whether his trump or biden here. this morning, the wall street journal talked ab

no, it was jamie stone. chris? let's go _ mary black. no, it was jamie stone. chris?amie stone. chris? let's go to tipsy. very - chris? let's go to tipsy. very chris mason word _ chris? let's go to tipsy. very chris mason word for— chris? let's go to tipsy. very chris mason word for drunk! _ chris? let's go to tipsy. very chris mason word for drunk! 12 - chris? let's go to tipsy. very chris mason word for drunk! 12 times. l mason word for drunk! 12 times. including ed bowles, injune 2014. he talks about the then education secretary —— ed balls. it will still be fun, but a very sober episode. it's adam in the studio. and chris. and james. you have gone to high and no “acket, and james. you have gone to high and no jacket. chris _ and james. you have gone to high and no jacket, chris has _ and james. you have gone to high and no jacket, chris has gone _ and james. you have gone to high and no jacket, chris has gone jacket - and james. you have gone to high and no jacket, chris has gone jacket no - no jacket, chris has gone jacket no tie, i have gone for neither. that th

we are about to hear from jamie more asher jp morgan's jamie dimon and fed officials saying the central banks should be keeping borrowing costs higher for longer. one was that cleveland fed president, take a listen. >> incoming economic information indicates it is going to take longer to gain the confidence. so holding our restrictive stands for longer is prudent to at this point as we gain clarity about the path of inflation. >> i think the surprise would be higher rate because inflation did not go down. inflation has been stubborn and could bounce up next year. i think inflation may be in the cards. it may have nothing to do with what we see today. >> let's bring in our first guest, burns mckinney fromnfj investment group. the market exuberance in reaction to the u.s. cpi data, still questionable in terms of inflationary pressures in the core core. is it surprising that we are seeing a reassessment of their reality check now? burns: it is not terribly surprising. we have been in this mode for the last couple of years where the equity markets are continuously trading raised on what the

congressman jamie raskin, you said in that clip "that is beneath even you, ms. green. how shocked were you by this behavior? >> look at the thing about discussion in a parliamentary body, which is by definition filled with a lot of emotion and passion, is you can talk about substance, you could talk about process, you can invoke science, you can invoke culture, you can invoke literature. the one thing that you cannot do is to engage in ad hominem, personal attacks. you cannot insult someone's looks in the united states house of representatives. so, the democrats moved, the vice ranking member of the committee moved to have her words taken down. and mother chair of the committee did not have the moral authority or the leadership within his own ranks to be able to do it because they are all afraid of marjorie taylor greene. she basically is constantly threatening that she's going to turn her millions of twitter followers on anybody who gets in her way. they refuse to take her words down and to keep her from speaking for the rest of the hearing. i told the chairman if you

here's cat. >> i check out lee. >> and finally, here's jamie. anyway, there's certainai generation that has no idea what a guy wearing a barrel means, but everybody our age the greatof depression, the great to pickaninny does. >> shoul, itd they? >> mayor pete's passport? they should bathily should they should take ly shoul his his federal key card, too. yeah. it should be nowhere near power. a powed hisy cardiac thr, rathee if he's going into some older lady's home and, you know, possiblys me possi buggering her.e we didn't read the full police report, but i think there could be possiblwedn't reaee buggerin, buggering involved, you know, cat, if they ever asked you to do a sketch of like, let's say i committed a crime and they said, we need a sketch >> if , couldeustis you even tell them what i look like? >> i don't understand how i don' se anwhatt understand how n do a police sketch like they i couldn't tel al people you looka like. >> but i do know what you look like. i know what you are saying. i have photos of. you know what i'm saying? if

jamie dimon is 68 years old. other banks have not had smooth succession dramas.oing forward. morgan stanley did have a very smooth succession planning. james gorman, the former ceo now, put two guys, said these are my two guys. don't fight but let me judge you on performance t was an did i sapper steen and ted pick, and ted pick became the choice. andy sapper steen remains at the bank. that is how seamless it was. jamie dimon is aiming for the same thing among three people that are definitely, you know, ceo worthy types. marianne lake, jen pep -- sack and joy robach. they are not household names. timing, two years is what we hear. we will give it two years when he is 70 and then he will bow out. one of those three, if i was going to like roll the dice here, i would say marianne lake. then there is the question what does jamie dimon do? he is not exactly unhealthy 70-year-old. he is not unhealthy 68-year-old. i'm sure he will not be unhealthy 70-year-old. he has a lot of energy. two things if you talk to his friend, academia or politics. don't be surprised at eith

now, he says a lot of things, and people sort of say jamie, that's just jamie being jamie, and then they sort of brush it off. there might come a time where we actually need to pay attention a little more closely to what he's saying. is now one of those times? >> when it comes to the risk of rates moving higher, i think that that risk would be likely to cause stress in the market before it was able to materialize. i think that market financial conditions tightening would precipitate a backup in rates, a deterioration in valuations, and a fed that would be much more cautious about having to act on things. that's still a pretty unnerving circumstance for investors, right? and though i do feel confident that this rallyhas a bit more room to run and that valuations are not a good market timing tool, it is an environment where we have been taking some of our gains in equity, especially in the top names and activating them in fixed income. >> you have? >> yes. >> moving -- still taking equity like risk in fixed income because of where we think the economy is. so looking at high yield in the sh

morgan jamie dimon said yesterday full engagement with china in an interview with sky news is that is doing the right thing to fully engage there not an enemy but competing they wanted different world than we want they wanted different world than we want but unfortunately they are using the world on our world of surveillance of the market citizens of business at military installations. >> in the poisoning of americans affected all 75000 deaths a year from a deliberate chinese plan to weaken the united states. this is a free country we have a first amendment jamie dimon can advocate a policy that hasn't worked for three decades, engagement sounds good to the ear in appeals to the better instincts of the american public but he completely failed. i think jv diamond is smarter than that. maria: is about the messages coming from the top i spoke with jamie dimon back in january of this year and it was about working to do with the law allows and maybe there gets united states but totally lawful to operate in china here is the chairman and ceo with me earlier this year. >> is your position o

finally hears jamie.ration which is no idea what a guy wearing a barrel means everybody our agent knows the great depression, it kennedy they take his passport? >> they absolutely should they should take it that and his federal key cardiac they he should be nowhere your power fees going in some older ladies home possibly bug ring here we didn't read the full police report but it should be possible >> if i committed a crime in the eustis sketch could leave and tell them what i look like i don't understand how they do a police sketch i couldn't tell you what you look like. >> i do know what you look like. i have photos of you right. >> beh couldn't describe how i look how does police sketch as work is what i'm saying right? isn't it weird. >> yeah, i also don't know how you get that job. bay when he does look like somebody you tortures cats. lead you think it's him? >> i want to congratulate mayor pete this is a win for him most communities and unites dates he's not wanted. there is a community in the uk wh

jamie dimon's weather forecast, what does it look like? >> is very pessimistic. using that word when asked about his outlook. this is a global outlook, not just about the u.s. economy. he cites inflation, quantitative tightening, and the geopolitical tensions he thinks are not going to subside within the next few years pretty has also cited consumers and small businesses are seeing they are running out of excess cash that was built up during the pandemic. this is across the major wall street banks, specifically the big consumer banks. this was a very pessimistic outlook. it just means for them, when asked about buybacks, they kept reiterating this is not the time that we are going to buy back our stock, even though it is hitting record highs. sonali: at the same time, you have the general pessimism, some caution baked in, but you also have them talking about areas of investment where they want to double down in this environment while saying 17% returns on equity the more normal way to look at things moving forward. where are those investment opportunities? >> ai

. >>> and jamie dimon keeping optimism in check. we will tell you his biggest market fears. >>> and the department of justice getsset for the full-court press on livenation and ticketmaster. >>> and later, wage inflation meets sticker shock in florida it's thursday, may 23rd, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. thank you so much for being here with us. let's get you ready for the trading day ahead. we kickoff the hour with the check of the stock futures stude futures are higher the dow has been moving between positive and flat. you can see it is down fractionally right now you see the nasdaq up big following the nvidia report. the s&p firmly in green territory. this is following the release of the fed's minutes and raising concerns of the persistent inflation and signaling a longer timeline for cuts than expected. the expectation for the july meeting stands at 18%. according to the cme, it was 25% earlier this week. david solomon expects zero rate cuts

. >>> with another gag order hearing on deck, congressman jamie raskin, a potential nightmare brewing in the supreme court. >> the january exception is an imitation to our founders worst nightmare. >> as protests over israel and gaza disrupt colleges nationwide, what is getting lost in the way it is all being covered? all in start right now. good evening, i'm chris hayes, one of the nation's most punishing and restrictive abortion bans went into effect in the third largest state in the union pick in the state of florida, it is now a felony to, quote, performer actively participate in abortion after six weeks gestation. that is just two weeks after a missed period before many, many women even know that they are pregnant. the band does at least statutorily provide exceptions for rape and incest and human trafficking. could, what we have learned from those exceptions, providers in florida say is that they don't work, that there will be very serious. for the doctor telling nbc news court is going to cause delays and care that are going to cost women significant health hazards or risks so

the quote is, the timetable is not five years anymore, said jamie dimon.sked him about his expectations for a successor on this program back in january. watch this. you have led jp morgan masterfully, you really did, congratulations to you. you've got three, four more years on the contract. of course you think about succession. do you have in your head who you know who you would like to have as your successor, do you know? >> no. i think first of all, it's a board decision. but i think the board has in its mind five people that they would -- or six that they know are the ones that can do it, are very quality and we think about it like every day. maria: well, they've been talking about the two women, one running the consumer space, john. i don't know how soon this is happening. jamie didn't say. he usually don't go there and he went there yesterday. what do you think? >> whoever takes the place at jp morgan has some very big shoes. maria: big shoes. >> yeah. a lot will be expected of them. i want to add one thing. jp -- excuse me, jamie dimon made an intere

i want to focus on those comments from jamie dimon.has not been this bearish on the market until those comments were made. ing your reaction. >> well, i think jamie has done a very good job for the last couple years of pointing out various tail risks meaning extreme things could happen that they always want to prepare for. one doesn't have to look any if further than how jpmorgan is deploying capital to see that they don't believe it's the most likely scenario, that we're going to have a hard a landing. their being -- they're being very opportune u.s.ic. their own allocate models are still invested 60% in equity, so i think preparing for certain things at any point that could go wrong is always prudent x. yet the sort of baseline expectations right now has still been reasonably solid is. cheryl: but the question still remains if we're going to get a rate cut this year. and you've now got some saying that they predict a rate hike which is the complete opposite of where we started 2024. and then you add to that the worries with that big

congressman jamie raskin just proposed. we are back in 90 seconds. in 90. >>> as the jury deliberates, the former president is stuck inside a waiting room at the courthouse, where a tv was set up today. jason miller, one of donald trump's senior campaign advisers wouldn't say what the former president was watching specifically when i asked him earlier today, but donald trump's truth social posts highlighting coverage on fox news and news max. do give us a clue. joining us from outside the courthouse is nbc news correspondent vaughn hillyard. so vaughn, talk to me about how donald trump has been holding up during these deliberations? >> reporter: right, and two of his close surrogates, north dakota governor doug burgum, as well as alina habba, one of his legal advisers, they appeared on newsmax within about an hour of each other here. so we can make some assumptions about what channels he was likely watching here today, but he has also been posting a flurry of social media posts and for donald trump, this is a waiting game. he is forced to be here at

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jamie diamond said the bank won't buy back a lot of stock at current prices.aidi: a high anticipated earnings report. we hear exclusively from the c.e.o. jenseng on. annabelle: a lot of speculation after the iranian king's death. >> sydney futures down about a on the 01%. the nikkei futures seeing a bit of weakness. pretty cautious setup from wall street. we are waiting for nvidia numbers, the crux of the frenzy, and can it sustain another leg further? we are seeing futures to mild losses in hong kong. a bit of a dip in australia. perhaps a little bit of a gain in japan once we get start. remember, we're trading pretty close to near all-time highs for a lot of these major markets. >> that's right. it was pretty much the same story in the u.s. session. we had u.s. stocks sitting around the multi-year highs. treasury is inching lower in the session. more fed speakers on the take. we're going to hear from the atlanta fed presidents in a few moments from now. that has been driving the market narrative of late. but that shift again as you say, haidi, it does come b

jamie dimon always gives us something to talk about.what do you think about that, cautiously pessimistic the stock, there's nothing to be pessimistic about. >> jamie manages things well, and he will say things are okay and not great, but when you look at the earnings for jpmorgan, they perform and perform better than what people expect. you have to say what he says with a grain of salt, and he's saying it's not all champagne and roses, and if you can do how they do, i want to own the stock. >> what if you believe every word he says and you think maybe a soft landing is a forgone conclusion, and inflation could be much higher for much longer than people think, you know, and transition away from qe and qt will have a more dramatic impact than up to this point. goldman is up 38 these are percentage gains bank of america, 31. wells, 41. citigroup, 41. is he telling us to lighten up our positions in these kinds of stocks >> well, if you were a trader, i think you could. no question about it i think you have an environment where certain thing

>> jamie diamond and going at these -- jamie dimon and warren buffett on these hundreds of billions of cash and can't find a place to invest it and that can be a real confusing message for people at home. warren buffett has been negative on the markets for the last five decades and fully invested and worth over $100 billion personally investing at that time and anybody watching at home and shouldn't listen to headlines and time the market as well. people should be investing in the markets and he shows you that it's too high. stuart: that's your point. always be invested in the market. >> yes. stuart: trying to time it, just do it. >> the side piece is the mistake people make is they hear something like a jamie dimon and i'm not going to sell. if they do sell, it may correct 5%. 10% before it moves to more new highs and going today and you see a lot of individual investors and no time or try it. stuart: earnings report and the department store and one of the performances of the consumer. >> the consumer and the earnings number and the consumer is out there and spending money and the con

last year i heard that jamie dimon was warning other bank ceos not to talk to michael about -- michael others on the board. barons of the wall street journal, mark gruenberg, staying on as an important decider of which capital rules go into action. who are the most important people we should be watching? rodgin: the effort is being led by the federal reserve. they are going to want to get the other two government agencies, the prudential bank regulators, involved. the fbi see and the occ -- fbi see and occ -- fdic and occ. jamie dimon bus efforts have been echoed by inserted efforts from the regulatory agencies in the halls of congress, the media, and with the administration. david: and all of those comments are having an effect. we heard from the vice chair now that we should expect a substantive revisions to the proposals. what do you expect to come out? rodgin: so, i agree that there will be substantial revisions and that those will be in the component parts and therefore in the overall outcome. the agencies have a real dilemma, here. number one, they can't simply adopt a final rule

norah. >> norah: jamie yuccas, thank you very much.he shocking death of a 37-year-old soap opera star in los angeles, a message tonight from his former fiance to his killer. that's next. ♪ ♪ norah. >> norah: jamie yuccas, thank you very much. after the shocking death of a 37-year-old soap opera star in los angeles, a message tonight from his former fiance to his killer. that's next. ♪ ♪ prescribed biologic by dermatologists and allergists, that helps heal your child's skin from within. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes, including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your child's eczema specialist about dupixent. i'm a bird stuck in larry bird's attic. and i'm goin' cuckoo. what the heck. what you got larry? may the best bird win. brick. you may be a legend on the court but you're an amateur up here. heads up lar. so get allstat

jamie dimon has dismissed the suggestions that the u.s. china are on the collision course with trade and describing the relationship as a tense rivalry. we spoke to the jpmorgan chase boss in shanghai and asked if the growth opportunities were overweight >> the american and chinese relationship and trade relationships are far more important to me than the balance of the economy next year we'll get through the economy. that, to me, all of the nations -- we will have cycles they are usually not predictable. i don't spend time worrying about that we serve our clients in good times and bad. i have been coming here for 30 years now and it is a constant investment growing and serving your clients >> are china and the united states on a collision course over trade >> no, i think it is a tense rivalry. trade is always a thing between nations. that's not new if you look at the history i'm thrilled we talked about the rivalry. he talked about the cities there is no reason america and china have to come to a collision course the way you avoid that is

that's jamie dimon, dennis, that said that. >> don't argue with jamie dimon.ry right for a long period of time. what bothers me is the fact we've had an inverted yield curve for almost two years, that's always indicative or presenting an economic downturn, recession of some consequence. we've had a number of indicators that in the past have always been preludes to recession and i have to be careful about that fact. i think we're going to be in a recession in the not too disdistantfuture. the fact the yield curve has been inverted as long as it has been has been a constant and important predicter of economic downturns, i think it will be lesser, not better. don't argue with jamie dimon. i think he's right. cheryl: that's why i think those words were so -- i mean, everyone on the street really took notice of that specific comment from him. >> yes. cheryl: luke, i want to go back to you on the middle class. we've been talking about inflation this morning. you're saying they're getting left behind, stock prices hit all time highs but that is not helping the middle

jamie: it's not funny! fear and be awful and apologize and hit a dry spell in the marriage and then find the heat between them again. people were feeling probably that combination of, i relate to it and i aspire to it... jamie: more. paul: come here. helen hunt: ...that made it very much its own. paul reiser: early, like season one i think, the network said you guys should have a kid. and we went no, no, no, no, no. we don't, that's too soon. season two is time for a kid. it went, it was like the network was, like annoying in-laws. oh, and are you guys gonna try? like, we'll let you know. you know, on raymond, you never saw the kids. ray: hi mom. doris: hi. i saw your car pull up before. you didn't call! ray: no. patricia heaton: we really wanted to focus on the marriage and their relationship with the parents. ray: hi, i'm ray and i live here in long island with my wife debra. patricia heaton: and in the very first season, ray says in the opening credits... ray: it's not really about the kids. patricia hea

jamie dimon told us the chances of things going on right are higher than people think -- going wrong are higher than people think. haidi: yes, being brought down to earth a little bit. not surprising after we had record high after record highs across an array of asset classes. an exuberant reaction to those cpi numbers. and annabelle: things are very elevated anyway because we saw the dow jones hitting the 40,000 mark. but let's turn to the open of japan, south korea, australia also. we are tracking the potential job warning, in response to what we are seeing in the yen, jgb yields as well, continuing to move higher and closer to the 1% mark. suzuki saying they are committed to achieving the fiscal consolidation goal. what else we are watching, it comes down to expectations around where the boj goes next. we have been hearing from you next to the my chief economist at the bank, saying that doj could raise rates as soon as june, maybe even space for rate hikes four 2024. today in the session, we are watching the japanese yen and also keeping an eye on equities, a little under pressure

new hard landing warnings from jpmorgan ceo jamie dimon. goldman salomon see as goose egg when it comes to rate cuts, none. tapped out consumer, i'm curious, what is the leest price you remember paying for a big mac? tweet me @cvpayne, it is all a memory for most people these days. all that and so much more on "making money." ♪. ♪ to be loved, to be loved, oh what a feeling to be loved ♪ charles: to be loved, folks. i mean such a wonderful thing when love is in the air but when it comes to the stock market, you can be a couple problems. there are two that really stick out when the market is loved too much. a, there are limited number of buyers. if one is bought, everyone loves, what happens next? b, love is conditional, which means it must be reciprocated over and over again. retail investors, by the way, they're really starting to love this market a lot. remember how they got bearish about a month ago? bullishness exploded to 47%, well above the 37 1/2% historic average. so retail investors, they're feeling like hey, you got to love it, ri

jamie raskin is in a singular position. is michael and danya leave us, he has his own place in history here. shakespearean . he is in the middle of it. >> i think what i loved about ab your conversation that we can drink and is he is complicated. i think trump's legal team erred in flattening him. the jury could see his peaks and valleys. they could experience his story in part because of the work of his lawyer danya perry and preparing him not to flatten the trump experience. i think it aided his credibility to say i love parts of my time with trump. everyone told the same story. michael cohen told it 17 -- he was the last witness but in terms of telling the same story about catch and kill and you heard from -- he comes in at the end. there was such a gap between the way a lot of people in the media, not us, but people covered michael cohen and the way he was introduced to the jury with all of his peaks and valleys. i think they did not look away from the valleys. they did not look away from the crimes. they didn't look aw

jamie raskin is in a singular position. as michael and danya leave us, he has his own place in history. i described it earlier, shakespearean. >> i think what i loved about your conversation with him that we can sort of drink in is that he is complicated and i think trump's legal team, the legal strategy -- the jury was able to see his peaks and valleys and experience his story. it is in part because of the work of his lawyer. i think it aided his credibility to say i loved parts of my time at trump world. because everyone told the same story. michael cohen told that i think 17th. the last witness in terms of telling the same story about the meeting and catch and kill. he comes in at the end and i think there was such a gap between the way that people in the media, the way the media in general covered michael cohen and the way he was introduced to the jury with all of his peaks and valleys. i think they didn't look away from the valleys. they didn't look away from the things he did wrong and danya perry and the prosecutors