mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime if they end the violent crime on the streets you know what is there in the world except for a few system and financialization so if we've also covered that like with boeing or union pacific all these normal like manufacturing sort of jobs that are supposed to

morgan we know and jamie diamond their business model is to keep $0.90 of every dollar they steal they pay 10 cents of every dollar they steal as a fine they play hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now he's a billionaire from committing serial fraud and they've been you know had to face the music many many times so i don't understand why they're singling out mexico it seems like crime pays well this is a local think tank and they're looking around and wondering why is the 1st year in a decade that the economy the g.d.p. has shrank and they're saying well perhaps if we cut down on all these. headlines on these stories of cartels beheading people but yeah you're mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime at the end the violent crime on the streets you know what is there in the

jamie diamond seems to have forgotten that in a grand act of socialism his bank was given a $25000000000.00 bailout in 2008 he's the welfare queen of all around paraguay. thank you. mother well paraphrased orbit around like planets he also said that socialist governments traditionally have done a poor job allocating capital and end up backing politically popular endeavors and bridge to nowhere projects you know what's a goddamn bridge to nowhere your bank the big banks they don't have communities they invest in weapons in an oil and fracking and possible destruction they gamble with our money you get bailed out if they gamble wrong while we all get they are massive societal parasites with our glee genitals. i don't know if it was a missed mixed metaphor or a mixed organism. in fact without we the taxpayers footing the bill the big banks wouldn't actually make any money bloomberg news has explained that the top 5 banks j.p. morgan bank of america citi group wells fargo and goldman are actually profitable since the share of the total subsidy from taxpayers that they receive $64000000000.00 a

$0.10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now he's a billionaire from committing serial fraud and they've been you know had to face the music many many times so i don't understand why they're singling out mexico it seems like crime pays well this is a local think tank and they're looking around and wondering why is the 1st year in a decade that the economy the g.d.p. has shrank and they're saying well perhaps if we could. down on all these headlines on these stories of cartels beheading people but yeah you're mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime if the in the violent crime on the streets you know what is there in the world except for a few system and financialization so it and we've also covered that like with boeing or union pa

were are today wow that sounds almost like a bernie sanders ad where he was pointing out that jamie diamond is the biggest corporate socialist of all time absolutely if this is an example of making mal investment not letting the market be the market but just bailing out bad guys making bad decisions being told the economy collapses or until you have the stomach collapse like with this new global virus out of china that's the reason that's that's the product of global economic collapse brought on by fear currency madness well speaking of the virus that we could use that as an excuse for being in this new studio and this 1st half because i'm going to stay for 2 segments just to show you the different backdrops we have for us this is the 1st set and it's the new york city skyline with the bull and bear in front of it we have some nice little colors paying king belfast green and magenta there's actually official names for them my sister picked out but nevertheless anyway these are new backdrops for the 1st half stay tuned for the 2nd half of what have a different segment but you mentioned the c

today they say wow that sounds almost like a bernie sanders ad where he was pointing out that jamie diamond is the biggest corporate socialist of all time absolutely and this is an example of making malinvestment not letting the market be the market but just bailing out bad guys making bad decisions being told the economy collapses or until you have the stomach collapse like what this new global virus out of china that's the reason that's that's the product of global economic collapse brought on by fear that currency madness.

were are today wow that sounds almost like a bernie sanders ad where he was pointing out that jamie diamond is the biggest corporate socialist of all time absolutely and this is an example of making malinvestment not letting the market be the market but just bailing out bad guys making bad decisions being told the economy collapses or until you have the stomach collapse like what this new global virus out of china that's the reason that's that's the product of global economic collapse brought on by fear out currency madness well speaking of the virus that we can use that as an excuse for being in this new studio and this 1st half because i'm going to stay for 2 segments just to show you the different backdrops we have for us this is the 1st set and it's the new york city skyline with the bull and bear in front of it we have some nice little colors paying belfast green and magenta there's actually official names for it that my sister picked out but nevertheless anyway these are new backdrops for the 1st half stay tuned for the sec. in half a would have a different segment but you mentioned t

he is proposing because well money has to go out from somewhere it doesn't magically appear so jamie diamond says it can print all the money you need to bail out any bank you want doesn't dissolve false they can do it but we know the consequences of doing that so. there must be a balance and if you just turn on the printer we know what happens and you know we've no other country surprised that you have 2 forms of socialism we have banking socialism where they just print money and give it to the bankers then there's a political populace all still doesn't worry you print money and give it to people . as a cursory review a look at the. yes you would say well the people are the ones that are the economy and they're the ones that buy stuff every single day like gas and cars and holes and they have to buy furniture that seems like the real economy if you just give the socialism version like lloyd blankfein loves this idea banks just giving him billions of dollars for sitting on his and doing nothing all day he would tend to buy ski chalet or apartment buildings that society basically dead money ju

about the money supply the federal reserve the cartel that is the banking system the rico act for jamie diamond for nipping any gold price that's you know in a lot of cultures in the past it's a hanging offense you know why are we still timid i don't think that the activists are tim and i think that there's a basic financial literacy amongst people in political parties across the spectrum and that you know the things that you just discuss a max most people aren't aware of and those that are usually label conspiracy theorists or don't upset the apple cart and then as the further you go up and you're dealing with the donor class a lot of the donor cost comes from those folks so you're told again don't upset the applecart because we're relying on these people to bundle money to help elect political candidates if you're an american you're live and out there in the plains to the great plains or the the south or the north. and eric holder the attorney general says that there's a separate rule of law for bankers ok doesn't that kind of the law stick in the craw of your throw that of american don't hav

company in the united states and 7 percent of our exports it's got to survive certainly more than jamie diamond's j.p. morgan so breaking boeing post 1st annual loss and more than 2 decades a 737 max crisis continues now sometimes max you are a broker at bad news like that like the 1st loss in 20 years normally people would say oh got to dump that turkey nope it was up as you see here 1.74 percent in the premarket on that news and then it went up even further right so let's put this into historical perspective so let's say after. world war to the 1950 s. it's america it's booming you have 2 soda companies and they're competing they're the dominant players in the soda business and they're competing and if one of the soda companies announces oh my gosh we found something in our soda that's poisonous then the stock of that soda company would go down but let's flash forward to 2020 and this new 21st century form of capitalism based on bailouts and easy money and if you have money if so to company b. and mount something horrible about their soda like that poison in the soda then it's a guaranteed bail

mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime if they end the violent crime on the streets you know what is there in the world except for a few system and financialization so if we've also covered that like with boeing or union pacific all these normal like manufacturing sort of jobs that are supposed to build things all they do is extract and then destroy and they don't invest in the economy here this guy is saying well if we just get rid of the violent crime then people are going to mess here but nobody in this nobody invest it's all speculation and by initialisation hollowing out of assets i remember during the 2008 liquidity crisis when credit froze the only actual money available for banks to keep the lights on came from mexican drug cartels it was part of the mexican drug cartels and italian mafia yes they did say there we covered that with the un

necessarily a good sign number one number 2 and there's this is where so disingenuous remember that jamie diamond who's the head of j.p. morgan actually criticized the coin for a long time saying that it was worthless and it was garbage and now all of a sudden you want to issue your own j.p. morgan coin so there's a hypocrisy there over 10000 today by the way just in case anybody. until i make my own and then that'll get worth something. loosely. and embattled office sharing startup we work announced a plan today to become free cash flow positive by 2022 the company which recently named real estate better and sundeep month ronnie as c.e.o. has struggled after a 2 $1100.00 i feel failed to get off the ground exposing weaknesses in their business now we work also plans to have their 1st ever $1000000000.00 revenue quarter in 2020 and hopes to have free cash flow over $1000000000.00 by 2024 the company also announced that the news of 3 members of their board of directors having stepped down we work is hoping to reach $1000.00 locations worldwide by 2021 an increase from their current $739.00 locatio

you imagine how attending a lavish party at the $23 million home along with chairman ivanka and jamie diamond might get to the public that they were not immune from external pressures? >> i would certainly hope not. >> what did you talk about at the party? >> i didn't talk to any of the people you named it. >> can you tell me who you did talk to? >> i escorted my son and his brand-new wife and introduced them to general mattis. >> i would just suggest this attendance of this kind of event with these kind of people is inconsistent with what i would otherwise commend you on forgiving a very good job of reaffirming to the public and the public's mind to see this is counter to what you have been doing. the biggest atomic drivers, what has been making our economy grow, with factors? >> factors that have been making it grow, the hard-working american people. what you have seen is tremendous growth in some sectors and less in others. of course the big technology companies were not around so you've seen lots of growth in some areas than others less so. >> 38 million women join the work force and with

diamond -- jamie dimon acknowledging this issue and it showing up in the report shows that they are transitioningyou very much. coming up, you have stopped dropping on the coronavirus fears, but the movement in fixed income has been more dramatic. tune into bloomberg radio, heard across the u.s. this is bloomberg. ♪ ♪ alix: time not for trader past take. -- time for trader's take. i enjoyed the extra two hours of sleep. somebody ran this by me the other day. we have seen the move of the lower end, the white line, annotated on the bloomberg. the move on the 10-year note from the beginning of the year, where the markets got a group of the buyers, was going on. the fixed income guys are way ahead of the equity guys. it is roughly a 30% move in basis points for the 10-year. when you look at the drop in the equity market, you see roughly 10%, so looking at the two asset classes and how the virus will thect him, i'm sticking to fixed income guys. the equity guys have catching up to do. thise news continues in way, even a few you take 50% of a move, you are looking somewhere around 800? is what they wer