you know we're going to let's i'm going to get 4 to one with jamie diamond jamie diamond we all saw him take the knee in front of a chase manhattan bank right but so he gets to decide who gets the wealth who gets the free money that they've given and they're charging interest on that free money that jay powell has just given him jamie diamond takes the name but won't lend to black americans in d.c. this is a headline from c.b.s. news and 2018 and they pointed out that j.p. morgan chase rarely lends to minorities and one major u.s. city washington d.c. the heart of power in america over 40 percent of the population is black american just 2 percent of j.p. morgan chase's loans in washington d.c. just 2 percent that's 23 of the 110-1000 loans made in 2800 went to blacks in washington d.c. just a few went to latinos there this is the same sort of situation is like those loans in our system of a post gold standard dollar whoever has the most debt gets to build the wealth with this counterfeit money and own all the assets right jamie diamond is part of the financial apartheid in america there

workplaces at workplaces of jamie diamond and the workplaces of these laws is that white workers and black workers are set against each other how do. you know that you're white and always be held to be racist and to be. had all kinds of new design things so you're going to have this constant tussle between the point where it was a work suppose a braces and rather than over the fact that both of. almost no pay work hours palling work conditions and all of the money is being siphoned off through the people at the top i mean it's no accident that these arses . give us their wealth you know what her i'm getting really and why not what. they did they argue about these statues and i've seen a lot of historical artifacts out of people that are a statue to an abolitionist abolitionist ok and they don't even know who it is open it's a statue of apparently about a white guy who listens how insane it is just to let me go back you know one of the things i find really terrifying in this is it 1st of all this whole locus of movement is detaches itself from the rule of law to talk itself. from merr

so as we say they're very much against this idea because and then gradually over 10 years jamie diamond finally you know it took him awhile to understand the learning curve you know it's not easy to understand because jamie diamond maybe a little longer than a lot of other people but he finally i think gets it now so now he is trying to make some money in this business but isn't that i mean so your efforts in wyoming seem to a forced the mainstream banks in new york to kind of figure out that hey we don't want to lose this business now you've got an $800.00 pound gorilla in the room and jamie dimon potentially stealing some business right so isn't the urgency doesn't this make the urgency of what you're doing in wyoming that much more urgent caitlin yes it does and i'll say something with your stuff here's a little secret everyone looks down at the new yorker especially look down on why when they read it you know what can what can way only work in that small rural agricultural state do challenge new york well guess what we love so much faster than new york we have legal clarity on digit

the state that just printed a counterfeit 6 trillion dollars to bail out warren buffett to palau jamie diamond well the irony of this is disgusting you said it for you are really really when i heard the story you. mediately was a good i mean. there's a movie oh boy you don't have to worry about counterfeit. problems and you're right actually you're the one that ended up feeling you know over something as small as. saying that with all these cases will we see doing so people were. killed in their home while they're sleeping all of these things i think. and i'm not saying that because it's savior of elise it's out of the our what i am saying is that you only control your communities it's much harder for police to come in and say well the way so they are as you don't something's up in the past but at this point i think the black community started to realize that and i think with the george you know he's the uprisings that have been beautiful to see because people are tired and i think it's a perfect storm it's the summertime people broke unemployed college kids out of school. if you don't have mu

week extra plus the $1200.00 stimulus check people are starting to say wow these are this is why jamie diamond's a billionaire this is why the way blank finds a billionaire i could be a billionaire to the fed clucky could make me a billionaire and he's chosen all this time not to make me a billionaire when all he has to do is throw me some money and i'm a billionaire why is that it was so easy this whole time bookies never been so excited well we're going to take a break and when we come back much more coming what. i see the biggest. case as you just try says it's us i like to shoot unicorn as he does exist and i think one of the 6 that education i'm sure that you can. changes access to the internet for educational purposes needs to be added to this century chukar writes. he said to add to. the need for good news. for those who want to. make it on the butter's read the book on useless all that business and just. instead of making. me emotional running t.v. and must do i feels totally stuck or the muscles from the course before me resisting but of course just. go chill the church. will settle int

week extra plus a $1200.00 stimulus check people are starting to see wow these are this is why jamie diamond's a billionaire this is why the way blank finds a billionaire i could be a billionaire to the fed clucky could make me a billionaire and he's chosen all this time not to make me a billionaire when all he has to do is throw me some money and i'm a billionaire why is that it was so easy this whole time plucky has never been so excited well we're going to take a break and when we come back much more coming to. join me every thursday on the alex i'm unsure and i'll be speaking to us with a world of politics sports business i'm show business i'll see if. you can still become a battleground in the u.s. government people are demanding the shutdown of a local plant for my yankees is right now my focus because it's a very dangerous oh no care power plant the owner is attempting to run the reactive beyond it's all the. this case just sort of puts a magnifying glass where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a tradi

week extra plus a $1200.00 stimulus check people are starting to say wow these are this is why jamie diamond's a billionaire this is why the way blank finds a billionaire i could be a billionaire to the fed clucky could make me a billionaire and he's chosen all this time not to make me a billionaire when all he has to do is throw me some money and i'm a billionaire why is that it was so easy this whole time bookies never been so excited well we're going to take a break and when we come back much more coming your way. to. join me everything on the alex simon short and obviously. in dick yes of the world of politics small business i'm show business i'll see that. for a good. one. but on the but i'm going to the book on useless all that business i'm just. learning t.m. to do i feel still really stuck or your muscles in the course of your knee. chill the. compassion that. we think he minds be soldier dicky's off the boot she's wearing. to church so the soul looks like to move the opposable opinion more than like it on the shore stuck in the summer watching the police force. welcome back to the kai

i love jp morgan i love jamie diamond it doesn't act well. disconnect between the broader market and the banks, the money center banks we'll get a lot more clarity on thursday when we see the stress test i don't believe jp morgan will cut their dividends. >> tim, you're looking at transport, the old dow theory. >> i think it's important. you think about the transport basically double topped back in 2018 a lot of this was trade war. that's when we saw truly the peak of the economy and where we saw economic growth that was becoming very well rounded and starting to thrust into high gear and then we lost it i want to see transports come back dan's right to bring up the banks. i think the transports are more important when talking about the breadth of the economy transports have still lagged we need to see transports catch up. >>> coming up, the surprising stock that has zoomed past zoom to claim the title of work from home winner. later the sobering new numbers on how much booze we are buying and drinking on lockdown ♪ ♪ ♪ ♪ can i find an invest

and i am encouraged when i have seen jamie diamond, one of the first big operations that did -- raised their pay, including the food service, and custodial staff to $15. keep in mind, lots of companies contract out -- we say, here is the average pay and they contract out food service to other companies and you ask, how much are they paid? i don't know. i contract with them. if you sign the contract with them, you can figure that out easily. it is really holding them -- i'm glad they are saying that, stake holder capitalism. it would change the country if they were responsible to the workers and the communities. it doesn't slow down -- the comments don't slow down the lobbying efforts to get more. so we will see. but i don't count on them to -- i think you make them do it. >> yeah, your point about contract workers makes me think about the gig economy and the myriad of companies that have come from here in the backyard to sort of promote this new mode of working as a contract workers, a gate worker. what are some of your biggest concerns or ideas around how we can better protect the wor

division and destruction so there is a huge role for business to demonstrate that the statement jamie diamond put out on behalf of the business round table last year is true. that statement said, companies must compare more about communities and employees and customers equally as they do about their profits. and people don't trust that's true i would encourage businesses to think about this period of pandemic of economic stress of racial injustice and division as an opportunity to demonstrate, not to declare, to demonstrate, that they actually are committed to their communities, to their employees and to their customers. >> carly, if businesses, if corporations, can actually demonstrate that and begin to enact change, at least from the private sector standpoint, is that enough to actually structurally shift the playing field from a socioeconomic standpoint within the country or does the federal government need to get involved in the that for that to become a meaningful, lasting change, and if so, how does the government get involved >> the short answer to your question is, business alone is n

>> i'm going to bring karen into the conversation this also is completely discordant with what jamie diamondas said about the dividend >> right, i mean, he talked about, you know, cutting the repurchases was a much bigger deal than the dividend, which i think he called it sort of a drop in the bucket i would be surprised from what they have said so far, unless this quarter is just so much more, i mean, unless the provisions are going to be so much bigger than they thought when they announced in april, i would be surprised if they cut their dividend, actually i mean, stranger things have obviously happened wells fargo, they really should be thinking about it it's 7 1/2% yield, they're just not getting the benefit. that yield is ridiculously high. >> yeah, dan, what would you make of this sort of action. is there another way to explain it >> there's no other way to explain it other than the fact it would be a cataclysmic event in bank stocks in 2020, if jp morgan were to cut their dividend, especially when you consider, we keep hearing again and again that the banks are not the sources of this

but i have not seen, jamie diamonds, giving them to credit it was the first pig operations that raise their pay including i believe their food-service custodial and security staff to $15. keep in mind, lots of companies contract outs. the say we pay, here's our average pay but then they contract out food-service, custodial and security to some other company. u.s., today payco question makes it i don't know i don't know what they're paid i contract with them. >> will you sign the contract, you could figure it out really easy. it really is holding then among glad there saying that, would change our country if they really believed in being environmentally responsible andre responsible to workers and responsible to the communities. it doesn't slow down, those comments do not slow down the lobbying efforts to get more. so we will see. i don't count on them to do it. i think you make them do it. >> good point about contracts workers make me think about the giga economy and the myriad of companies that have come from right here in our backyard to sort of promote this mode of working as a con

if you remember when jamie diamond wrote that letter talking about the worst case scenarios. we may not be here becaused on what he was saying but the fed maybe taking a sharper view themselves >> yes i was looking at that. you know what else was interesting for me, i thought of an interview i did last week that the fdic and others remove restrictions for how much money could be set aside for swaps thinking about how minority-owned companies doing all of these interviews. then i thought, maybe this could be a good thing. did you immediately worry about getting into trouble again and not setting enough aside what was your take on that knowing too well mixed views part of me wants to get that in as soon as possible. less and less money for a rainy day fund that's the balancing theme in my head i took it as a positive. stop the presses i thought maybe we overregulated the first time around and maybe we held stuff back a little bit. just saying it would be better i thought it would be good we need to inspire and fund and support small businesses and entrepreneurs across the board