big-name ceos like jeff bezos, jamie diamond may be warning the recession is near. take at the white house does not agree. lauren: apparently not. let's listen to this exchange. >> the president. there's not going to be a recession, growing number of businesses, jeff pazo's yesterday, jamie diamond, goldman sachs's ceo, why are they wrong? >> he wants the american people to know because of the resilience of the economy, because of our economic plan we are in a better place to deal with these global challenges. the president was very clear he doesn't anticipate there being a recession. >> wall street as i mentioned to you are convinced there will be one so you have to remember these individuals, the richest on the planet probably have the best access to information so jeff pazo's worth $100 billion, third richest person on the planet agree with goldman ceo david solomon on cautious times ahead. predicting a recession, upcoming and jamie diamond says 6 to 9 months and the best trader ever on wall street, he says there's going to be a hard landing in 2,023. bloomberg s

jamie diamond, with irony that banks outperformed too, and we're going to hear from more of them, but he who likes to evoke weather termology and meteorologist went to, hey, when crisis like things we've seen in the uk, other things follow and pointed out there are blowups coming maybe that is a weather term federal reserve was out there en masse. i would point to the comments from esther -- you drop that into just technical dynamics of where the market is, and yet, yesterday was a ferocious day, and the fact that we didn't go through those lows today but did close on the lows. and most importantly, as long as yields in the dollar go higher we haven't found anything of a bottom even though that cpi number this week was some sense we're getting to that place on inflation. >> in the conference calls, julie, seemed like many bank his good results, finished the day higher on a down city. citi said they're watching collateral closely and watching the fallout from uk pension. there's unknowns, a tip, a nod to what might come still. >> right, and i think it's because we're at this interestin

economy will dip into an economic recession in the next 6 to 9 months. ceo, jamie diamond, predicting the recession won't be like the 2008 crisis, but worn, that inflation big interest rate hikes and other factors have paved the way for a future of uncertainty. tesla continues to electrify german drivers. official figures showing the u. s. electric car makers, tesla y out sold both volkswagen and audi last month. as was model 3 also dominated the mid range segment with nearly 50 percent 15 percent more sales. american electric as u. v maker vivian is recalling almost all of its vehicles, some $13000.00 to fix a faster that may impact impact the driver steering power. the move comes after a few customers report the issue without injuries. revene is trying to establish itself as a reliable competitor to tesla. u. k. unemployment has fallen to 3.5 percent at the lowest level in nearly 5 decades. as brits continue to leave the workforce at a record rate, the latest figures worse and concerns about labor shortages, which are making it harder for companies to find workers. the bank of engla

also, chief executive, jamie diamond, predicts the recession won't be like the 2008 crisis. but once inflation and big interest rate hikes of paid the way for an uncertain future. and you k unemployment is full into 3 and a half percent. as brits continue to leave the workforce at a wrinkled rate is the lowest level in nearly 5 decades. labor shortages, making it harder for companies to find work. it's the panoramic has altered life markets much of the world, but it's been hard to find skilled workers in germany for a long time. now it's even harder, especially for solar cell makers. the surgeon energy prices has households re thinking where they get their power from. master roofers, sebastian, tom chick and his team have been on site since 8 in the morning. they want to get done today because the next job is already waiting. the demand for photovoltaic systems is huge, but a lack of work has means that many jobs can't even get started. that leads to frustration, yard oscillator, i turn yes. people are tense and in a bad mood because their order is processed several weeks in

economy will dip into an economic recession in the next 6 to 9 months. ceo, jamie diamond, predicting the recession won't be like the 2008 crisis, but worn, that inflation big interest rate hikes and other factors have paved the way for a future of uncertainty. american electric, as u. v maker vivian is recalling almost all of its vehicles, some $13000.00 to fix a faster that may impact impact the driver steering power. the move comes after a few customers report the issue without injuries. revene is trying to establish yourself as a reliable competitor to tesla. the bank of england says it will widen its bond purchasing to include inflation linked debts until the end of this week. buying up to 5000000000 pounds worth of the assets daily beginning tuesday. the measure comes with the u. k. struggles to call markets rocked by u. k. budget plans. announce last month. hillary ingram. as an economist at lancaster university. she joys me for more hillary. welcome back. the show, the bank of england taking these new steps on both monday and to day after so much more turmoil. how serious is t

well, to jamie diamond's point, perhaps that's coming, right?takes some time to play through the system. and another is raising the red flag on inflation, says this on, recession, said this over the weekend. listen. >> that is the cost of a federal reserve being late, not only does it have to overcome inflation, but it has to restore its credibility. so yes, i fear that we risk a very high probability of damaging recession that was totally avoidable. >> and those are key words, and he's formerly of a democratic administration. he and larry summers have been saying some time. the fed is tasked with bringing down inflation that is affordable. they ignored it was happening in the first place, grover. >> let's remember biden inherited. we had, with two years of strong economic growth because of the tax cuts that the republicans enacted that trump signed, in 2019, 2019, 2 years into the tax cut, we saw growth of 6.8% in people's real wages moving forward. that is a larger increase in wages, for the median income, dead center, family of four. that's m

. >> sandra: jamie diamond sat down earlier this week, and by the way, ceo of j.p. morgan who advised the obama administration on the economy. he's saying this administration, specifically on energy, is getting it all wrong and in doing so he calls out the climate change guys and gals saying you think high gas prices are the solution for green energy? it's just not the case. listen to this. >> i think we are getting energy completely wrong. it was pretty predictable that putin would cut off some gas and oil and oil prices would go up. and the climate folks here, it has made it worse. poor nations, india, china, indonesia, vietnam, turning back on coal plants as are rich nations called germany, netherlands, france. we have it completely backwards. >> sandra: to james' point about democrats that are on these tickets, they have to distance themselves from these policies that are directly affecting americans' pocketbooks, fascinating from jamie diamond. >> he's very respected on wall street and used to advise the former president. what the democrats seem to do, construc

when i spoke to jamie diamond, that was very much on his mind.ng bigger? >> i think the issue is america and the russian world and that has me more concerned than a slight recession. >> reporter: they know how to deal with a mild and slight recession but the question of course, that they do have to face, is those rising interest rates and bedded inflation. slow downs in the economies, which potentially lead to recession. and here, two of the top wall street bankers were in agreement. >> they both told you, richard, that they believe a recession is likely? >> reporter: yes, listen to david solomon and jamie diamond, both of them saying that they think the recession is now the most likely outcome, however bad it might be. >> so i too am in the camp that we likely have a recession in the u.s. going to have i think most likely a recession. >> jamie, i agree. >> you agree where do you think we are in the process? >> six months away. >> all right. we lost richard quest. you can tell quite a day of discussions he had with some of the biggest most promin

-- they were stunningly strong i say surprising because if you spend any time listening to ceo jamie diamond he's painted a pretty negative picture of both u.s. and global economy although i think he's actually -- i won't say misquoted. i didn't think he put the right words on it. he did a great job of setting the barlow with the stock plunging from $173 at the peak a year ago to $109 at the close yesterday. jp morgan delivered a terrific set of numbers this was a clean beat with a 10% revenue growth year over year and revenues at $3.12 per share. that was 22 cents higher than expected while the corporate investment banking business struggled, jp morgan is cleaning up in consumer and community banking up 14% commercial banking is up 21% those are astounding numbers i've been telling you the banks make a fortune when the federal reserve raises interest rates because they can take your deposits they pay next to nothing for and invest in short term treasuries to get a much higher risk free return so it was no wonder that jp morgan's net interest income shot up 51% which you exclude the business

even the reasonable democrat like jamie diamond got in on the act. in october 2020 he took comfort in the fact that biden was from delaware. he said biden knows a lot of people. he is a uniunifier. what is jamie saying now? >> these are very, very serious things that will likely push thes and the world -- europe is already in a recession and will put the u.s. in a recession. >> laura: aren't diamonds supposed to be clear. in 2020 when biden spoke he gave us the platitudes of the left. wall street stick backed him. -- still backed him. they thought it was a good idea to put the economy in the hands of a goofball. >> i want to be clear in making from my getting to know the lea leaders. they are reasonable people. i think the longer term picture is still bright. i know the people. i know the culture and i think it's good. >> laura: they were either sucking up to china or sucking up to biden. how long before key members admit they were wrong? they deserve part of the blame. they gave biden cover. the world economy is being flushed down the tilth. -- toile

if i was out there, i'd be very cautious jamie diamond ceo at jpmorgan chase is warning a recession is likely in 6 to 9 months. on wall street. the s and p is down nearly 25% from january and diamond says another 20% drop is possible. it could be another easy 20. and uh, you know, i think like the next 20% will be much more painful in the first inflation has forced the federal reserve to raise interest rates , boosting the cost of borrowing in hopes of slowing down the economy. one sign the strategy could be working order shipped from warehouses to retailers are down 33% since last year, and job growth could soon be stalling. bank of america now expects the workforce could lose about 175,000 jobs per month beginning in january. meanwhile gas prices are steadily rising now averaging 3 92 a gallon nationwide 20 cents from a month ago, and they're on track to top $4 after opec plus a group of oil producing nations, led by russia and saudi arabia, said it's cutting production by two million barrels per day to boost prices. those higher prices are set to benefit vladimir putin's war machine

jamie diamond said to me, he is worried about what he sees coming for the world's largest economy. well, he says the world's largest economy is holding up now, but it's facing very strong head winds. so again, you've got the same problems rising rates, the fed tightening, searching inflation, and the war in ukraine. it's affecting economies around the world. and we've known that for some time, according to the fed minutes interest rates are going to be raised to certain points to a more hurtful, more restrictive point, but will be maintained at that level for some time. so again, we're going to have to be in this for the long whole the tricky part there, the i'm f says is not going to aggressive. so there's a strong labor market at the moment. we heard that last friday. and if the fact goes too far and raise is too high and to quickly and to aggressively then that could destroy everything. but at the moment it looks like it can do that, it can start raising, continue to raise, right? so it's a balancing act like it is. i said it's, it's a difficult decision right at this moment. bu

the other day jeep morgan ceo jamie diamond said at an investor meeting that increasing oil and gas production is critical to the us in order to maintain financial and stability and independence and the preservation and unity of western countries and stressed that it is impossible to transfer control to a company of a green energy activist, because some investors do not attach importance. yes. with such a project, brunstein analysts believe that from now until 1930, investments in neftegaz should grow by an average of at least 20 percent. and if you aim for satisfaction growth in demand for carbohydrates by 1% per year, then the capexor cap costs in the thirtieth year should be 30% higher than now and 40% higher after the 25th year. the biden administration's fossil fuel policies and public statements are also not conducive to creating a favorable investment environment. the white house may require additional supplies from manufacturers. today right now on his political priorities aimed at eliminating the need. for only five years, they have such a short time frame for industries whose investm

he is chiming in with wall street executives like jamie diamond saying different choices need to be made. >> we have a significant recession in the u.s. or elsewhere in the world we will work through that but as we work through and we think about where we are, different kinds of decisions will have to be made to get different results when you look 5-10 years forward. >> so that's not the kind of talk the white house wants to hear just about two weeks out from an election but so far there's no sign they're taking any sort of new approach, especially on the energy front which is a key driver of this inflation challenge. and something the president wrangling with. that announcement coming as a big surprise when it did to the white house causing something of a melt down in the west wing, john. >> all right, jackie heinrich at the white house. the debriefing was pushed back a bit. we will let you run back in. sandra. >> all right, john thank you. the economy is front and center in this big race in ohio we are watching, j.d. vance trying to pull off victory there, our power rankings have the s

jamie diamond is predicting one, so we need to take that seriously and i'm sure the saudis take it seriouslyw what they're doing in terms of balancing the market, predicting demand, and my guess is this is the basis on which that decision was made. now if the relationship were in better shape, they might forego some of their own benefit just to maintain our relationship. they would have done that perhaps right after 9/11 when they offered to make additional oil available to us, but now it's not in such good shape, and now they're looking after their own interests and i think we should not be surprised at that. >> is there a consequence that could be imposed on saudi arabia that they would feel that wouldn't then come back around and bite the u.s.? i imagine that pausing those sales could lead to another cut in oil production or something that would be just as detrimental for the u.s. economy. >> exactly. they have means of retaliating against whatever sanctions we would try to impose on them. i think first as i said a minute ago, we need to increase our own oil production and make our contri

speaking of that interview that cnbc europe has done with jamie diamond, and we will take a break and we will talk ford and gm as well, and they are among the worst performers in the s&p 500 today. we will debate it. we're back in two minutes. think he's posting about all that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. (vo) hi. we're visible. a different kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visibl

here's jamie diamond, the ceo of jpmorgan chase. >> europe is already in a recession. likely to put u.s. in some kind of recession six to nine months from now. >> here's david solomon, the ceo of goldman sachs. >> there's a good chance we can have a recession. i think you can expect there's more volatility on the ho roy zoon. >> one of the wealthiest men in the world, jeff bezos, responded, it is time to baton down the hatchets. even the recession fears are the worries of those just trying to put food on their kitchen tables, who were already struggling, given how inflation has been gobbling up bank accounts nationwide ahead of thanksgiving. the average cost of groceries is up 13% since last september. eggs up more than 30%. cereal, 16%. milk and cheese, 15%. with gas prices hovering at just about $4 per gallon on average, and they could soon rise again. look, there are lots of reasons for inflation. but the one that republicans point to dates back to 2021, when president biden signed a bill to spend another nearly $2 trillion -- trillion with a tri- -- to continue to

unnecessary roughness to the economy to the degree they lose control of the kind of issue that jamie diamond was referrin to >> i'm happy to explain, scott i've done quite a bit of work and done it on this network a lot about how wrong the fed has been josh is absolutely right about that the trouble i have right now is i see what josh is saying about the high frequency data. i'm not sure any of that would work in terms of the making of monetary policy when you're trying to make policy for the full economy i completely agree with you the idea the fed would be wrong is a 100% guarantee the question of how they're wrong. and i also think you've got to take priors into account which again is probably not the best way to make policy, but it is true the fed was badly burned in its transitory call, had that wrong and right now they're probably erring on the side of doing too much, and that's probably what mester talk about the idea of the risk management of saying let's do too much here i think josh is right, you can look at the high frequency data, you can contradict what the fed is saying, but wh

and, also, i just think the people analyzing what took place like larry summers and jamie diamond twonot associated with the republican party. they're saying it began with too much spending and started with that rescue bill. even though bernie sanders says talk about it. most people say don't talk about it. because it's really caused a lot of the pain we are experiencing right now. coming up straight ahead, we will ask senator come cotton did b. that just campaigning with herschel walker and dr. oz 5-footed tie it looks like with john fetterman and big debate this week they will be joining us live. >> steve: coming up 6:12 here in the east. >> brian: is he speaking again. dr. fauci reflective, says he is now wiping his hands clean of covid school closures. >> they always come back and say fauci was responsible for closing schoolings. i had nothing to do. let's get down to the facts. >> brian: exactly. outrageous fauci flip flop as he now admits school shutdowns caused terrible consequences. >> steve: plus ye west buying a major social media platform we will reveal which one after a br

from jamie diamond, who jeff bezos, to brace ourselves and our session is coming.believe it is? aryan right now? >> when you have a three and a half percent unemployment rate and over 300,000 jobs a month for the last three or four months or longer, that is not what most people think of as a recession. but >> our credit card bills are going up, household that is going up and life costs a lot, not to mention the price of our houses are going down. >> well, interest rates are going up and that is partly due to addressing inflation. there've been very low for a very long time. and they are now rising to more moderate levels. so yes, probably prices will not continue to go up, at the huge pace that they had been. but i think that inflation will come down. people will feel better about the economy. as that occurs. >> so no recession? >> i can't rule out the risk of one. but as i've said, i believe that there is a path towards the bringing inflation down. in the context of a strong labor market. >> you are talking, about traveling the country talking about the economic a

. >>> jamie diamond's new timeline for u.s. recession. >>> kim jong-un emerges and breaks his silence over a recent missile test. >>> the hero school bus driver who saved the 2 year old child. >>> live from cnbc, the fact that , the truth, the news with shepard smith. >>> vladimir putin reminding the world that he has no qualms about intentionally bombing and murdering innocent civilians in ukraine just to make a point. in a savage and brutal act of revenge, the russian tyrant unleashing a widespread and deadly barrage of missiles on civilian targets and infrastructure sites in cities across the entire country of ukraine. this is a well-known pedestrian bridge in ukraine's capital, keep, a popular tourist attraction for me right in the heart of the city. surveillance video shows a massive blast rocked the bridg . it is damaged, but still standing. a different camel camera angle shows a man narrowly explained escaping the explosion, and running away as shattered glass and chunks of bridge came raining down. this is a smoking cra

category >> there is a moment in the jp morgan conference call and i like to read the calls where jamie diamonds these newer fintech companies will get acquired they are doing a great job of running sofi and not worked here but it's a terrific buy and i'm not backing away at $4 makes a lot of sense here, wells fargo is by far my favorite bank in this new leadership group much more "mad money" ahead. >>> cnbc's bob wrote a new book about all he's learned on the street over the years and i'm discussing the latest work with the man himself and it is a great book >>> then, when meeting investors this weekend, there was one saying that summed it all up i'll reveal what it is and why i think staying the course in the market could still be yourbest strategy and all your calls, rapid fire in tonight's edition of the lightening round. so stay with cramer. ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. the new iphone 14 pro is amazing. so you'll never sit this one out. the camer

the piece that you talked about, even jamie diamond often outspoken on many issues saying he apologizedame story, at the end of the day, it's because they get access to the market in china if they be quiet about chinese risks. i think it's important that we at strive don't do that. >> brian: it's amazing. these people are already multibillionaires are so worried about making more billions that they'll actually hurt american national security. but that does not bother you and you're taking action. vivek, thanks so much. appreciate it. >> thank you. >> brian: one of his partners mike pompeo will be on a little bit later. coming up, midterms now less than one away. crime is one of the top issues impacting americans, maybe even you. two people are shot on the doorstep of a new york gubernatorial candidate lee zeldin's house. sean hannity joins us live to discuss. and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays an

biden any case it's not just all bloom beto -- here's jamie diamond, ceo of jpmorgan chase. >> europe is already in recession. they're likely to put the u.s. in some conversation six or nine months from now. >> here's david salman, the ceo of goldman sachs. >> with a chance we could have a recession. i think you have to expect that there's more volatility on the horizon. >> to which one of the wealthiest man in the world, amazon founder jeff bezos responded it is time to batten down the hutches. actors. even more important than the recession fears of those sitting at the boardroom tables are the worries of those just trying to put food on their kitchen tables, who were already struggling given how inflation has been gobbling up bank accounts nationwide ahead of thanksgiving. the average cost of groceries is up 13% since last september. eggs, up more than 30%. serial, 16%. milk and cheese, 15% with gas prices hovering at just about $4 per gallon on average. and they could soon rise again. look, there are a lot of reasons for inflation, but the one that republicans 0. 2 dates back to 20

now, earlier today, ron klain, the chief of staff, t tweeted, i trust that media coverage of jamie diamond's view of the u.s. economy todayt" will be extensive. then he quotes thiths consumeres continue to spend with solid b balance sheets. job openings are plentifulal shs and businesses remain healthy. but tom leftn off of what dimon said right afterward was the following from jamieid was e hewever, therer, are significant headwinds immediately in frontdt of a stubbornly high inflation, leading to higher global interest rates. interestes.he saihe said simila. now, clearly, this is miss leading americans abouttr the true state of this economy. whuetate y do they think that'sg to work when it's just a simple fact check top ? >> well, because they kind of have to i mean, they're tryingss to putpi the best spinhave on the economy that they have. they can't acknowledge. and biden din did this earlier . week in an interview, you know, acknowledged a little bit of reality, but also said he doesn't believe that we're in a recession. if w i go into one , ition is might be just a little bit. i mean,

people worry about not just a soft landing and a severe recession and i don't know if you're in the jamie diamond say i'm not worried about the banks, but i'm worried about everybody else should we be >> i don't think so. it doesn't mean there may not be more defaults in the future as the fed takes rates up and the economy slows, but if you think about private credit, it's generally if you think about our non-traded gdp it's one-times leverage that are 12 to 15 times leverage they're generally stand alone entities and not part of oa system that's a systemic risk. they make a loan to a company, they hold that loan. we think that's a very good model and today as the banking system has locked up a bit and as the capital markets have locked up, the idea that we have a robust private credit system in the united states i think is very helpful to the economy. we view it as a positive for the system >> and then finally, real quick, on assets you do hold and own that you were thinking about selling, do you say to yourself i have to hang on longer do you think you sell in the next year? how does it look >>

jamie diamond saying we could look at a recession in the next six to nine months.foot on the gas pedal. what does that mean? >> you know, obviously this isn't a report anyone likes to see and, at the same time, i want to say we should never overreact to one report. what do we see here? we saw really fast inflation in services. if you look at services less energy was up .8 for the month. shelter up .7. so what's going on we're just seeing, basically, services across the board. prices are going up. why are prices going up? real wages have fallen because of inflation and yet the labor market is super tight. how do you hire people when you're paying them less in real terms than you were paying them a year ago or two years ago? what's happening is we're getting wage pressure and that's happening in sectors where large share of costs are workers. that is going to pass through to inflation. there's some of these industries like education where we knew this was going to happen because the seasonal adjustment just can't really correct for the kind of pay raises that teacher

but listen to what jeep director morgan chase jamie diamond said.previously made forecasts and the authorities are rolling. even more, we have never pursued a similar monetary policy. this leads to unpredictable consequences. take a look at the markets bonds around the world in the self market - it's a war on him. now we are talking about very serious things that are likely to plunge the whole world and especially europe into recession. i believe america will go into recession within the next six to nine months if the us is really enter into recession, how long it will last and how severe the consequences will be. now no one can tell you for sure. well, actually, a recession is expected, called a fall in gdp, which is already in the third quarter in america, in fact, somehow i was late with my forecasts. isn't it exactly right. there is also the concept of a crisis, which, translated from ancient greek, appoints a turn, first of all. and if this is not a turn, if this is such a decline in the economy that does not turn anywhere, and this is the main

jamie diamond commenting on the release providing some additional macro comments.tes there are significant head winds immediately in front of us. high inflation leading to higher global increases not too surprising that they would add an additional 808 million to its net reserve build and there was also something notable in this release, $959 million net investment securities charge. that led to 24 crept decrease in earnings per share during the quarter. so some interesting dynamics not every bank is alike obviously but the macro clearly playing a factor in third quarter results, guys. >> just go 30,000 feet for us if we were to combine morgan stanley, jpmorgan, citi, wells, what do you think the sign, if there's a signal here about what's going on, at least what's gone on previously, but really more importantly, what it portends >> yeah. i think what's interesting is what's going on with regard to loan activity and deposits we are seeing deposits tick down this has been an area that's been really sticky for the banks in recent quarters as such, they've been able t

jp morgan chase's chief executive, jamie dimon, says the us is headed towards a recession in the next six to nine months. jimmy diamondch at the top ofjpmorgan, he has a keen eye on the american economy, he noted consumers are in a better financial position than they were be the financial crisis in 2008 and the economy remains relatively healthy, he will use the us is headed for a recession next year. the comments come as many economists worry about a possible recession has the federal reserve rapidly creases the cost of borrowing, the chair of the central bank to rome powell has said reading in inflation as a priority but the federal reserve by suggested it will take some time for these interest—rate hikes to hit the economy and actually start to bring down inflation. and all of this comes as burning season kicks off in the us. the biggest financial institutions are set to report this week, many believe their forecasts will likely reflect growing pessimism about the american economy. let's get some of the day's other news. ben bernanke, who led the american central bank during the 2008 financial crisis, is one of thr

there is a guy named diamond -- dimon going both ways on bitcoin. excuse me jamieraud and we need to learn what to do about it. helping banks on this is a fraud versus this is what we need to do. kristin: let me explain what the cftc is already doing. we are working to the fullest extent of our authority to insure against fraud, market manipulation, any use to retail customers who are heavily engaged in this market. that a close first of their kind -- first of their kind bitcoin and cryptocurrency asset management fund and the first of their kind, and decentralized economy. tom: bitcoin, 60,000 down to 20,000 as well. the little guy, this is generational, they believe in bitcoin. are they believing in a derivative instrument and product of the cftc, or are they believing in maybe a financial asset under sec 34, 36? is it an s.e.c. province? or is it a derivative thing? kristin: the question is about the security, the definition of a security. [laughter] tom: and issue 1b. kristin: what we are asking is what qualifies as a security. there are two bipartisan bills in

diamonds are supposed to shine brightly. we really clear . well, in 2020, joe biden was incapable of campaigning. i'm sure jamie saw that. but when biden did speak, he mouthed the platitudes of the left, including all the anti oil and gas nonsense that we've gotten used to. and yet wall street still backed him. they thought it was a good idea to put a twenty three trillion dollar economy in the hands of a doddering goofball. they showered biden, the democrats, with huge campaign contributions. >> i want to be clear in making that from my getting to know the leaders and i don't know, but i know that those around that they are reasonable people. i think the longer term picture in china is still bright because i know the people and i know the culture. >> and i think it's good they were either up to china or up to biden or how long will it be before key members of the plutocracy admit they were wrong because they deserve part of the blame here because they gave biden cover. the entire world economy is now being flushed down the toilet. our 401. ks, our home values, savings, all down, down, down. it's going to be years before

again banker jamie dimon american patriot, the oil crisis should be treated as a matter of war and his own fight to protect america with free speech and free market capitalism. good for mr. diamond. >> good thursday morning thank you for joining us i am maria bartiromo it is thursday octobes right now, 6:00 a.m. on the east coast. inflation data on debt, the consumer price index is out 8:3e expecting the cpi to rise to tens of 8% month over month and 8.1% year-over-year. markets this morning are higher anticipating this number the dow industrials of 133, the s&p up 16 and a half and the nasdaq higher by 2110. jobless claims coming out 8:30 a.m. economic data and the cpi will likely be a market mover. also a factor third-quarter earnings season kicking off with blackrock, delta and walgreens all out before the opening bell. the dow entered dow industrials finished lower as the fed minutes confirmed an aggressive stance on grades by fighting inflation, markets expecting another 75 basis point hike on november 1 and second. one also did on they're down dusters about 28, the s&p 500 lower by 11 at 4:00 o'clock on wall street. s&p 500 closing at the lowest level since november 2020.