what's leading jamie diamond right now? his harder his brain. i'm used to that by my heart. but my brain part is saying that the democrats are going to spend money. we should spend it wisely. it's not enough to say we're gonna spend all this money building highways. how many miles at what cost? in what time period. it's not enough to talk about being green, but we can't get permits to build solar wind or pipelines, which would be green because gas is going to replace coal. and we're just not completely rational about sophisticated, comprehensive policy, and i think the republicans probably have that a little bit better, little bit better. the republicans right now, um, speaking of the republican party, the front runner for 2024 is former president donald trump. he has been indicted and face criminal charges this week. do you expect that to have any kind of impact adverse impact on the economy? all this turmoil? not really, you know, if you look at america 325 million americans. 165 million go to work every day and their primary concerns their family, their community, their k

mean the stock is a good by. >> who's going on right in regulation jamie diamond is going to have his fingerprints all over that regulation, and i'm hard pressed to find something jamie diamond does that's going to be a detriment to j.p. morgan's stock. what i'm worried about now, the next shoe, is commercial real estate, that maturity wall that's the one that's going to get hit, and that's going to hit the larger banks, too, but i think we have time. >> let's put this in context of the broader markets. what we saw was a continuation of a larger run. major indices all positive for the week, and for all of april, s&p, and dow, and nasdaq all up. what do we make of this action does seem like the markets are okay with banking turmoil, with the possibility of other shoes to drop, because we have to leadership of big tech, which, guy, seems to be infallible right now. >> leadership of big tech, but ask yourself why was the microsoft quarter that outstanding? it was good. it was not great and again, so much of these moves in big tech -- again, just my opinion -- on okay earnings have been -

does jamie diamond? he doesn't do a lot of interviews, but he does. he sits down and talks because this matters a lot. he you know, saw this. almost collapse. remember right acquired bear stearns and washington mutual. you know, on that crazy weekend, and now he cares a lot about as do the lawmakers in washington. what happens to our financial system ? we all have a stake in it and whether you agree or disagree with what he says amazing that he actually answers the question . why, like makers to ceos that's so rare but not give you know, talking points just, um we asked him some questions. you'll see later that he didn't want to answer. but jamie diamond has a stark warning about the debt ceiling and the risk of even coming close to the brink. that's ahead this morning by the administration is proposing world changes for transgender student athletes why some schools could still be able to limit those students participation. tax blood. whwhen you brush could lead toto worse over time helps stop the clock on gum disease. now toothpaste is three times mo

>> some employees will definitely be a little more hacked by this than others jamie diamond is sayingd be accessible for immediate feedback and impromptu meetings, so five days a week back to the office. jamie diamond is not the first ceo there to really call employees back to work and five days post-covid-19 we've seen a lot of hybrid working situations he actually does join in as well with some of our other counter parts at goldman sachs as well as morgan stanley where senior bankers especially should be returning to the office five days a week. this could become a banking culture where you see a whole lot of them come back to the office, minimum three days a week is what they currently said, but that number seemingly going to change to five. >> got to justify those real estate costs elon musk has call his takeover of twitter, quote, quite painful. tell us more about what's going on there >> yeah, so what a story, right? this actually comes from a long-winded bbc gets invited from elon musk and saying, yeah, they're welcome to come through at any point in time bbc just arrives, has

finally what jamie diamond thinks about the collapse of silicon valley bank.hat could have been under prevented also about russia's war in ukraine. how worried he is about that, and that, he says, it is changing everything we think about in the world that's ahead . next hour. we'll talk more. hindsight is a fabulous gift, though we all there's a great quote, right? there's a lot to say there. tiger woods back at the masters with a painful end to the first round. we are live in augusta next shorter where you can take a stance the way he was starting to go. . maybe not from friends coming over. two moms coming over. so many ways to save life ready, happy 3 65 by whole foods marke being debt was just such a cllenge as a working single mom, i was working three jobs just to make ds meet. i knew i wasn't gonna be able to get out of debt by myself national debt relief and negotiate with creditors and reduce my debt by half. national debt relief can significantly reduce the amount you owe national debt relief. get me out of debt. i feel like i'm in control again. i fe

this is what jamie diamond ceo of jpmorgan chase told me about negotiating over the debt ceiling just few weeks ago. should the biden white house negotiate? i think one of the great lessons that last 20 years is that if you can't pass things with bipartisan support, you shouldn't pass it. i mean, yes, everyone should negotiate and do the right thing for the country and i don't want to get involved in the debate about the republicans who want to reduce the deficit. i kind of agree with that the democrats who would like now to get rid of the debt ceiling crisis. so do you think he's right here? here's here's what i'll say. and we've been very clear about this. we are happy to talk about the budget. we saw what the mega republicans and speaker mark arthuis believin. we saw their value they want to do 22% cuts on veterans, right? 22% cuts on meals on wheels. if you think about education, law enforcement , that's what they put forward. and you know what? we'll take a look at that and we will have a conversation on the budget. but when again i'm going to be repetitive here because we've bee

jpmorgan ceo jamie diamond think more banks are going to collapse ? also? does he think a recession is coming? we ask him. do you ever worry will live forever. no it's literally never crossed my mind. we live to like 100. that's 3 35 years of being retired. i don't want to outlive our money and i've been eating all these stupid chia seeds could totally live to be 100. i keep thinking such good care of myself since we started working with empower were able to get all our financial questions answered. so we don't have to worry. so you never never join 17 million people and take control of your financial future to empower what's next start today to empower .com for back pain. i've always been a take two and call in the morni guy. but my new doctor recommended salang pass without anoth pill, upsetting my stach. i get powerful, effective and safe relief salon pas. it's good medicine. meet norman. he's part jack russell and part tornado. meet the new bissell cross wave hydro steam. it's part vacuum mop steamer and tornado chaser. missile a new breed of clean this

you're there for a reason, because you were going to be interviewing jamie diamond.ean, and rachel's just know we've got another report coming out tomorrow. that's going to be significant. last one we're getting before that fed meeting. you know, i wonder how he's viewing all of this because obviously he is such a leading voice and what their analysis of this means. for sure. i mean, he's he is one of the most prominent voices not only on wall street just on the economy around the world, and he came out with his annual letter that is read by everyone on the street this week, and in that annual letter, which jamie diamond writes every word of himself, which is pretty rare for ceos he talks about caitlin pretty good economy, but in his words, some storm clouds ahead, so i want to know from him. what are those storm clouds? what do they look like? are we gonna get this debt ceiling thing resolved or are we going to default as a country? he's super worried about ukraine and thinks it's so pressing. so we're going to talk about all that. and then the first time we're goin

but to the point about small banks is what jamie diamond was saying in this interview with poppy is sayinghat he thinks they're important because it's a community bridge. people can go and let me say why. people can go in. they feel more comfortable going into a bank that they know that is run by people they know in a town that they know they can learn more about their finances. kumbaya someone learns more about their let's talk about you any diamond. what do you think he's gonna say? he's got to talk his book. he's getting billions of dollars coming in every week. i'm part of that. i've moved a bunch of money to jpmorgan because it's safer than a small bank. and he's got to say oh, i've got to support the small guys because they're important. he's talking his book he's doing. he's saying the right thing, because frankly, those banks are going to be around 24 months. that's my opinion. did you hear what i was whistling kumbaya was whistling andy griffith show mayberry. we'll continue this saga disagreeing over small banks. did you want to get in on this? just say hi, kevin. i would just sa

. >> guy: jamie diamond says the government needs to seize private land to make room for solar and wind morgan annual shareholder letter, diamond says we may need to invoke imminent domain for grid, solar and wind initiatives. riley moore joins me now, good to see you, sir, good morning. >> good morning, good to see you. >> guy: what is your initial reaction to this influential guy making this claim for seizure of private land for initiatives involving energy. what say you? >> look, we've seen this before. this is hallmark of the esg movement, unholy merger of left wing corporate economic power in the government. this collusion that we've seen in between woke corporations and left-wing activists within the government is there because they can't achieve objectives at the ballot box. no one will vote for something like this. if we go out and destroy farmland in this country to blanket it with wind turbine and solar panels, we are going to pay the price. electric bills will go up, we'll destroy this beautiful landscape we have in this country and the worst part, guess who will make wind tu

morgan ceo, jamie diamond, released his annual report to shareholders and this is how he reported it, diamond is optimistic about the economy despite recession fears. positives are huge. newt, abc must have glossed over the section of the report entitled evaluating and managing the economic geopolitical risks and it reads that the current economy is pretty good but storm clouds ahead. potential trouble brewing from unprecedented fiscal spending, quantitative tightening and geopolitical tensions. preparing for what may be a new and uncertain future. newt, they are desperate in the media to try to rebrand this economy as evolving and not slowing. >> you have to start with the idea that the elite media is simply the publicity arm of the biden administration. they are pure propaganda. they have no interest in the facts. remember, the "new york times" and the "washington post" got pulitzer prizes for reporting total falsehoods about what turned out to be the russian hoax. they didn't give back their pulitzer prizes. they were happy to keep them. they are the party line, they tell you what

in an atmosphere where you see a decline in lending >> jamie diamond talk to cnn, he says if there are more bank failures, they'll be resolved. i think we're getting to the end of this particular crisis. to your point about the lending data, biggest push of lending. >> i think a lot of people who are used to saying go look at the accounting of how you did that day, or above how you did minute to minute, would these people be saying -- would they be as pro more rate hikes when the numbers clearly show you got a pause. >> here or can you go may? >> i think you have to pause here i think these numbers were shocking to me you got to find out whether things get back to normal quickly or whether things get worse because you know there are a lot of examiners who could lose their job about what happened mary daily is going to be under scrutiny in san francisco. i feel like, wait a second, if i were the fed, i would say we're seeing data that indicates there's a big decline in lending. so we have to wait a bit versus putting a knee-jerk increase at the end of the crisis, it was first republic w

matthew and jamie diamond says this baking crisis is not over, i am paraphrasing obviously from his shareholder letter -- you think there are more shoe to drop in that whole story? weathers on the region themselves or the fallout. frankly, wherever else. >> our banking team was in d.c. last week meeting with regulators and client. we did a bunch of calls on the back of that. what i find interesting is that professional money managers is how wide the distribution of you is. sometimes there is a cluster towards consensus. i think it is very white on this. it is still in the early days the policy firewall is in place. secretary yellen suggested they could run that play a few times deposits have slowed down. i think they would say it continues. we do not have a systemwide guarantee just yet. kind of the forward earnings power of the space is in question. that is still a open question. >> what about the fed and what role it will play going forward. if the fed says -- first of all, if the fed does not do anything me. i noted like 60/40 on 25 basis point hike. what happens if they do not do anything?

see the effects of our banking crisis and it is making some investors skittish, investors like jamie diamond, who wrote in his annual letter that came up this morning that the crisis is not over and that there is more to come. we are worried about liquidity, meaning do we have enough robust markets to raise cash? we are worried about credit, meaning well banks still lend money to people who want to expand and we are worried about defaults. defaults on big office building towers, defaults on small businesses, defaults and all sorts of loans that are needed on money that you have to buy to keep your goods in the store. we are worried about all of those and worried because consumers in pain may not be able to do any buying. where did this palpable sense of fear start to come from? the bomb market, that's where, the bond market. we came in today moving higher, sign of better times to come, pretty calm. we are seeing anything on the horizon that would make anything see my credit would be hard to come b . things are normal. but then we got the latest job openings and labor turnover survey, also co

jamie diamond, he's a great banker. he's like the barry bonds and bankers. he said the banking crisis not over yet. so there's a little concern but nothing crazy. we're doing great. we had a great 1st quarter. you know, the nasdaq was up 14 plus percent. s p 500 up 7 plus percent. really nice. so it's doing okay. your portfolio should be recovering somewhat from last year of note to youtube stories that i think we should hit today. yeah. nuaber one, they're going to show the whole coach element, which means i don't have to dress up in a outfitting, go to the desert and smell like urine for good, though, rob, it sounds so good. >> when you're 21, do you do when you're when it's it smells going be like the groups and i would like to see them. i just don't necessarily want to see them with 100,000 by this friends. and i think that's where youtube does really, really well. you know, my family, we watch a lot of youtube videos during dinner. >> just music that has. so it's it's a pretty neat service that is replace television. our whoa, whoa, wait, whoa, whoa. ho

maybe it's jamie diamond that's got 'em down. tell me about evs, electric vehicles.ce action because they had some blowout china delivery numbers in march. 89,000 china-made evs, and that's more than four times, that's more than, wail, the entire next four local china competitors combined. [laughter] so, yeah, that's right. u.s. carmaker winning the chinese market. ford also said first quarter sales increased by 10% and also gm says cost cutsing will at the higher end of their targets. sawrt institute tell me about walmart's investor day. susan: first of all, it's being held in tampa, florida, which already i found pretty interesting, not in arkansas, right? [laughter] but, yeah, here's thing, they're talking a lot about digital and online sales. and you know that amazon, of course, still has market lead when it comes to online. then we have shopify, second largest es-commerce player, and itty, i think, is helping -- etsy is being upgraded to buy at piper sandler, worth $140. and that's because their margins have improved, business is back and people are back to spen

jpmorgan chase ceo jamie diamond spoke to cnn in his first interview since the recent banking crisis, and he says despite the collapses, he believes that making system is strong, but that the economy may not be in the clear. is the current banking crisis over this is not 2008. is the american banking system truly safe and secure? yes this banking crisis even though you think it's almost over, which i'm really glad to hear, though. increased chances of a recession here. yes. are you joining me right now to discuss his mark zandi, moody's analytics, chief economist. good to see you. so what's your reaction to what diamond said. well i agree. i think the banking crisis is over . we might see another failure to but that would likely be by a very small institution in the government is fully engaged here and has everyone's back. so i'm not worried about the banking crisis going forward. i agree with that. and of course there's gonna be fall out. banks are much more cautious in their lending as a result of all this particularly small and mid sized banks, and of course, they're very critical

it's from jamie diamond, ceo of jpmorgan chase, the nation's largest bank .n an exclusive interview with seeing his probably harlow, he said the recent collapse of two u. s banks have pushed the american economy a bit closer to the edge. i look at like it's not definitive. it's just like another weight on the scale and think of it. as you know, people say, it's like raising rates another 50 basis points or something like that. we are seeing people reduced lending a little bit. cut back a little bit. pull back a little bit. it won't necessary force recession , but it is recessionary. donald trump's next court date in the hush money investigation is not expected for many, many months, and any potential trial would be next year at the earliest. trump and his allies already pressing their case in the court of public opinion and aggressively questioning the integrity of the manhattan d, a. and the presiding judge, cnn's christian homes is in west palm beach and has our report president trump former president donald trump's legal strategy takes shape. he and his al

don't miss this seeing that exclusive interview with the jpmorgan chase chairman and ceo jamie diamond here, his take on the economy and why, he says the banking crisis. might not be over just yet. that cnn prime time tonight at nine eastern, thanks for your time and inside politics today, we'll see you tomorrow. abby phillip picks up our coverage right now. hello i'm abby phillip in washington and you are live in the cnn newsroom, unprecedented political retribution. that is what is on the agenda in the tennessee state house right now , protesters have been at the capitol in support of the so called tennessee three democratic state lawmakers who are on the cusp of being expelled from that chamber. and any minute now the gop dominated chamber will vote on whether to remove them from office because get this. they protested on the house floor calling for stricter gun laws after the nashville shooting that left six people dead. three of whom were children. now, if the vote passes, it would be the first time in that body's entire history more than 200 years that a violation of house rules

jpmorgan chase ceo jamie diamond on cnn primetime tonight at nine. all right. you're looking at live pictures of the floor. the tennessee state capitol, where the republican led house is about to vote on whether to expel another democrat. one state representative justin jones, has been expelled so far. of course , this comes after the democrats took to the floor to protest for gun reform after the nashville school shooting that left three children and three staff members dead. let's go back to ryan young in nashville. tennessee ryan, what are we seeing what is happening right now? i can tell you almost every five minutes or so you can hear the people who are in this hallway yelling very loudly as they either agree or disagree with what's being said on the floor. these protesters have been pretty loud all day long in terms of making their voices heard. look they believe we should be here talking about gun laws and changes to the system here in the state, so something like what happened about a week and a half ago never happens again. but instead we're talking ab

jamie diamond of jpmorgan came out this morning with something of a warning following the banking crisis spurred by silicon valley bank. what is he saying? essentially he's saying what is bad for one bank is bad for all that he came out with his investor note this morning to shareholders, and he talked about the banking crisis that happened with svb, he said in his letter that, he says as i write this letter, the current crisis is not over yet, and even when it is behind us, there will be repercussions. for years to come. and he went on to say that this is not the time to get politically motivated in terms of federal regulations because we kind of need to wait and see what happens because there is going to be a longer term ripple effect. however jpmorgan was one of the banks that helped bail out in some ways. first republic bank another bank that was on the rocks, so they're really trying to flex their muscles and say, let's wait and see what happens. but guys the banking system, the structure is good as it is right now, but let's wait before we make any major changes , essentially sayin

i'm here to interview jpmorgan ceo jamie diamond a little bit later today, looking forward to it because this is his first interviewer is really spoken out since the collapse of silicon valley bank and this whole banking crisis, so we'll get his candid thoughts on that is they're opening a big community branch right here in atlanta. so that's why i'm here. but i miss you guys. we missed you too. we miss you, too. but we got a lot to get to right now. we do we do. after months of pushing back, it looks like mike pence might finally testifying. the special counsel's investigation of former president donald trump, hence, his spokesman says he will not appeal a judge's order. to appear before the grand jury investigating the january 6th capital attack and trump's efforts to overturn that election. this means depends could potentially testify under oath about conversations. he had one on one with trump leading up to that day. so let's bring in senior legal affairs correspondent paula reid. this is certainly precedent setting. and it's never happened before. if he does this that's right, papi.

we're gonna sit down a little later this afternoon with jamie diamond, the ceo of jpmorgan talk all about the banking crisis. first time he's really sat down for an extensive conversation about what on earth is going on with the banks, our economy, the debt ceiling, little bit of politics. they're opening a community branch here in atlanta, so we'll have that for you on the program. brown morning, guys, just a few pressing topics. just a few bit all of that, and more. plus this. it looks like mike pence might finally testify in the special counsel's investigation of the former president. donald trump. princess spokesperson says that the former vice president will not appeal a judge's order to appear before the grand jury investigating the january 16th direction. and trump's efforts to overturn the election. so that means that pence could potentially testify about conversations he had with trump leading up to the insurrection, including that heated phone call on the morning of january, 6th. one pence refused to block joe biden's victory plus a cnn exclusive for your sources are telling cnn

jamie diamond speaks out.he recent bank collapses and what this means for the chance of recession. thanks so much for watching tonight. our coverage continues now. when you find your reason to go on. pull you passed the doubt, pain and past your limits matter what we go on bio freeze. moderate to severe eczema doesn't care if you have a date they off. or a double shift. make your move and get out in front of eczema with steroid free sabine co. not an injection. pinko is a once daily pill for those who didn't respond to pass treatments, and it's proven to help provide clearer skin and relieve its fast. dubenko continuously treat exuma whether you're flaring or not, can lower your ability to fight infections, including tb before and during treatment. your doctor should check for infections and do blood tests. tell your doctor if you've had hepatitis b, or c have flu like symptoms or are prone to infections do not take with medicines that prevent blood clots. serious, sometimes fatal infections, lymphoma, lungs,

don't miss this seeing that exclusive interview with the jpmorgan chase chairman and ceo jamie diamond his take on the economy and why, he says the banking crisis. might not be over just yet. that cnn prime time tonight at nine eastern, thanks for your time and inside politics today, we'll see you tomorrow. abby phillip picks up our coverage right now.

we had jamie diamond, ceo of jpmorgan chase interview with poppy harlow on cnn prime time last night, he says, ladies and gentlemen, get this done and get it done right because yes. you do? the only question is how close they get to it before they do it because you'll feel the pain before it happened. how much pain even if we don't default if we get to the brink i think it's a bad idea. and you know, with our government get that could be downgraded again. this economy is the pillar of the world economy. very smart voice on the economy there, who says overall things look pretty good overall, he thinks we can avoid a recession, but this is one of the things that could throw it off the track fresh reporting today on the republicans, still divided over their strategy still aren't sure when they will have a budget president biden says. i'll sit down with you, but you have to bring your plan on paper where we going here. so i checked in with the white house this week. i checked in with mccarthy's office. i think the white house they feel pretty good about where they are. they think that mcc

to get through the short period the industry has enough resiliency to get by jamie diamond reminded youified to the congressional committee about that, much smaller players and smaller issues and we will talk about commercial real estate and lower interest margins, we will talk about maybe a contracture because if banks don't have credit they will reduce the amount of lending they do. but those are separate issues from is my money safe if the bank i think these have stabilized. it is day seven, but hypervigilant is how everybody needs to be, especially as you get through the earnings period and we see how some of the smaller banks perform or not perform. >> i want to push back on one thing which is that -- has been really weak. maybe that's stability in that we're not seeing 60% share price drops like around hsbc, but they're unsure how to treat regional banks in an era where you can lose $40 million in a matter of hours. we get you like the big banks but does it change the models and viability for regionals? >> i think it is jamie dimon's letter today said the smaller bank, community b

jamie i■diamond, i)uu$e annual letter last week, a lot of commentary coming out of thal■ that may takeout ofe i don't know if you saw the Ñ■ceo of consumer and small business just announced she's leaving. that's today this is the day before we're going to announce the result p (% so, there's ways to kind offá piece out information that make it not as bad when it comes out. i think, you know, jp has not really gotten out of its way here schwab has not really rallied. to me, i think if you do have a relief rally given the lack of visibility we have about these companies and their own businesses and you think about what's going on with the economy and the volatility around rates and what we feel about investment banking in general and then are weçó■on the evet■ credit cycle ac, i don't find t that compelling. i think it gives you an opportunity to take money off the table. as a trader, i would be looking to reshort these things. i always short them. i had a good trade on. i stayed around tooqlong i did not want to press short of it i would look for an opportunity to put them out on any ra

however this morning jamie diamond, longtime ceo for jpmorgan chase, said that the current crisis isand there will be repercussions for years to come. as we take you live to the new york stock exchange. that news, sending stocks down now in the last hour, with the dow jones dropping about 200 points little more than a half of a percent, the s and p 500 down about a half of a percent. the nasdaq also down about a third. 47 points there to 1 12,042. virgin orbit filed for reorganization bankruptcy protection after failing to secure funding lifeline. the filing comes nearly a week after the ceo told employees that the company was suspending business operations for the foreseeable future. the california based aircraft engineering companies last mission in january suffered a mid flight failure an issue during the launch because the rocket to crash into the ocean there's a new incentive to book your next trip through google flights. google is now marking some of the international and domestic flights it lists with a price guarantee badge. now that badge indicates google is confident that t

bringçó■in andrew ross sorkin >> here's what's happening we have a slew of bank lpearnin, from jamie diamondrun on these banks in the wake of the failure of silicon valley bank, did folks take their money and put it ine1 bank of america or jp mo morgan pnc deposits were very stable. we'll hear a lot more from a number of other banks next week to get a lot more insight on that issue. >> also making some headlines this morning th payçó■took a nice hike last year along with the profits of the company. i guess it's no surprise that hist(■salary has gone up when y have record profits in 2022 for exxon andçó■other big oil comp companies. >> what's so fascinating is to juxtapose his salary versus the salary of the ceo of amazon. he actually got no new money what you have here is a question mark what are you paying for when you have these big ceos and big managers what are you paying for? are you paying for the fact that the economy and these external forces take place, meaning the price of oil goes up or are you paying for operations and operational excellence clearly in the case of amazon, that st

david: do you expect to get the diamond -- money back? jane: yes. david: jamie dimon, well-regarded. why do you think it is the case that he's calling around and doing this and not the secretary of treasury the head of the fdic why is it a nongovernment person doing this? i thought a government person would do this. jane: do you believe everything you read in the newspapers? david: when people in washington do something good they let the press know about it. jamie seems to be getting all the credit if credit is the right word or is that not fair to give him the credit? jane: i think we all played a road and it was a very active discussion over that weekend. david: did citi consider buying first republic? jane: no. david: credit suisse, it seemed to dissolve very quickly. review surprised at how quickly that bank went away after 100 years of being around? jane: we are talking about three or four set of the thousands here in the states. so let's put that in perspective. credit suisse, i don't think anyone was surprised it ended up where it did it was a question of

jamie dimond. he's speaking out for the first time since the sudden collapse of silicon valley bank sent regional bank stocks plummeting. diamond warns that the banking chaos combined with other economic risks are increasing the odds of recession . here's some of what he told cnn's poppy harlow. has this banking crisis even though you think it's almost over which i'm really glad to hear, though. increased chances of a recession here. yes. but i look at like it's not definitive. it's just like another weight on the scale and think of it. as you know, people say it's like raising rates another 50 basis points or something like that. we are seeing people reduce lending a little bit. cut back a little bit. pull back a little bit. it won't necessarily force recession, but it is recessionary. um storm clouds ahead, you say maybe some for the economy might mention the q t. higher inflation for longer the war. those are pretty strong things. if you look at history since world war two, we have not kind of faced it like that. it's still early in that that we're going for longer. we don't really know the outcome. a q t, i think would be w

diamond. sonali: how many times do people say, is a jp morgan to big without jamie dimon.which of course jamie dimon was his protege as well. are these two women ready to take over, how soon would they take over, what else do they need to take over. we had jennifer here who have had different parts of the bank under her wing. they talk about the different relationships with investors. also, those large investors that they deal with as a asset manager that is only becoming an important part of the bank. lisa: when we talk about personalities, how much is the message she was sending to washington dc -- how much does that take on a new precedent or prominence in the discussion on how to handle some of the bank failures we have seen of late. sonali: he talks about how jp morgan banks 350 over america's thousands of america's own conveying spirit we talk about . deposits at large banks are now $1 trillion. you think about this whole cell shifting banking system and what it means for america's banks. the ability to bring in deposits as well as a linden out to communities. there'

more comments from that jamie dimon shareholder letter "squawk box" coming back with that, after this >>> time now for today's aflac trivia question. what sauce brand features a diamondin their label? the answer when cnbc's "squawk box" continues a hospital bill for $1200 bucks? gaaaaaap! did you say gap? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac, huh? aflac! gaaaaaap! aflac! gaaaaaap! get help with expenses health insurance doesn't cover at aflac. official partner of march madness. what if you were a major transit system with billions of passengers taking millions of trips every year? you aren't about to let any cyberattacks slow you down. so you partner with ibm to build a security architecture to keep your data, network, and applications protected. now you can tackle threats so they don't bring you to a grinding halt. and everyone's going places, including you. let's create cybersecurity that keeps your business on track. ibm. let's create fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straigh