jamie dimon is expected to take part in a conference call with analysts starting soon. he just finished eight weeks of treatment for throat cancer. he made his first public appearance on friday. the government is now rethinking the way it is trying to stop the spread of ebola. health officials cannot figure out how a nurse and dallas came down with the disease while she was treating.an ebola patient she had been wearing protective clothing. >> it does not change the fact that it's possible to take care of ebola safely. substantially how we approach it. >> authorities are now monitoring more than 100 people in dallas for possible exposure to the virus. a picture of north korean leader kim jong un in --, walking with a cane. there had been speculation about his health. a south korean newspaper said he had been hospitalized after surgery on both ankles. that's in part your answer. it was a successful debut at the new york stock exchange for fiat/chrysler. shares rose almost two percent and the company moved to chairs from malan to new york. sergio marchionne explained. >>

dimon's was just jamie combative attitude, inc.has paid much more than and thergan chase, leadership there has been hardly combative. >> bank of america bought merrill lynch. not --r stearns alone is >> that was one of the worst acquisitions ever made. they paid $4 million for something that has cost them 50 plus. easily. >> whenever there's a bubble, there is fraud. we had a massive level, ms of bursting of the bubble. and you consider the depth of and breadth of the losses -- >> you have to think about the next round of losses and negotiations. we know that some of the litigation at j.p. morgan had to do with the foreign exchange investigation. that is as much as they have acknowledged. going to seell volatility, but you have to think about the depth and the breadth of the crisis. he think about become our cup -- about bank of america, and the role in that crisis brady think about . you think about jpmorgan and their role in that crisis. andmoney that they make, proving the harms, and we cangation expect experts that do this. the

how important is jamie dimon being there?e leader, so him not being healthy -- anyone trying to confront a serious illness, one gets concerned, but to have him back feeling better is huge for that place, not only for his leadership ability for the morrell point of you. the details know better than i do, how many lawyers develop a $1 billion expense? [laughter] >> i do not know. >> do you know in house and outhouse how many they retain? >> i do not know. >> does bill? >> it's on like a how many people does it take to put in a lightbulb kind of joke, but they have a lot of lawyers. >> expense also counts for what you set aside, so it is not just paying legal fees. >> they are setting aside $1 billion. important topic because for all of the pain that jpmorgan and other banks have suffered settling with the justice department and other regulators over alleged infractions and sales of mortgage-backed securities, alleged of course, but probable given everything that we have seen and learned -- >> they have settled -- >> we have yet

. ♪ >> compared to other wall street titans like jamie dimon, bob benmosche is less recognizable, butouldn't tell on the streets of old dubrovnik, where people came up to the ceo to take photos. >> compared to other wall street titans like jamie dimon, bob benmosche is less recognizable, but you couldn't tell on the streets of old dubrovnik, where people came up to the ceo to take photos. >> get a picture of me, too? >> he recalled the first time he took on the job with aig. when you first got your hands on the books, what was going on in the company? what did you see? >> well, i did not look in the books. i had a good idea of what was represented by what was in the books. because i spend a lot of time with jim milstein. and jim was the restructuring executive who was handling this for the u.s. treasury. and i spend a lot of time with sarah dahlgren, who was also handling it for the new york fed. they told me about the financials. i questioned them about the financials. and my assumption was that they did their due diligence. >> when they briefed you on what was going on at aig and wh

and jamie dimon has even said out loud to his own shareholders what we call the accounting control fraudcipe. his phrase is, it's easy to produce low quality revenue. bad underwriting means income today and losses tomorrow. now, of course, it doesn't mean real income today. it means fictional income through accounting fraud. so he gets it. if you have terrible, terrible underwriting, you will be mathematically guaranteed to report record profits that will make the executives wealthy through modern executive compensation. and if there's a problem, well, the government will bail you out and give you massive subsidies if you're too big of fail. and, of course, jp morgan is the quintessential example of too big to fail, too big to jail. >> do you remember when obama was elected president he called the bankers to the white house and he said, i'm all that's standing between you and the pitchforks, meaning between you and a wronged and indignant public. >> i thought that was an obscene statement, slanderous about the american people. the american people don't want pitchforks. they want justice.

i'm sure he would rather have with jamie dimon has which was a raise.ie dimon got a raise to $20 million. i'm sure brian would like a raise. montag has been paid more than brian moynihan. now that he is ceo and chairman, he does not necessarily have jamie dimon knocking on his door. >> i think the chances of tom oftag being ceo and chairman bank of america are quite remote. that is my personal opinion. whether bryant deserves this or doesn't deserve this. he wanted it and they gave it to him. he probably wants the rays to $20 million. -- raise to $20 million. the u.s. government saved the bank. the u.s. government saved the banking sector. is brian dealing with the legal issues they have encountered since then? yes. has he done a good job? i don't know. voice $17 billion of your shareholders money. is that considered to be doing a good job? me, you are held up at gunpoint and you forked over the money. >> are banks taking it too far? several are changing trading policies for employees. they will not be able to trade individual stocks. are we taking it t

jamie dimon ee mr. out, healthy. >> i had a little problem with the base deference that every senator paid him when he went nto the london whales hearing. >> and writing in the review with that agree wud which lavin noted was a shift. it was a rev rent deference that was there. >> they didn't hold his feet to the fire. >> reading matt lavin's piece. i'll put it out on twitter in a minute but goes to the immediacy of a c.e.o. and you compare mr. dimon's recover the atul ifference in the the moscow fter airplane crash. you have to be aware. i've made mistakes on this as an investor. >> yes. we've got to be aware of how in control a c.e.o. is and how much influence they have over a company, because it can really be a huge game changer. you've seen some companies manage some of the greatest c.e.o.'s leaving. apple is a great camp example of that. >> i'm haunted, scarlet of the scene in "home alone" where they are racing through the airport a c.e.o. of a major company had a mass i have coronary there one tim

this is jamie dimon who is usually plugged in. melissa: right. >> i think there has to be some correction here. when you get off the heroin that the drug dealer, janet yellen and ben bernanke have been pushing on the market. melissa: is there more to come do you think? dan what do you think. >> depends what you're talking about. i think interest rates will go lower. i think fed lost control of interest rate market. as far as equity market is concerned -- you. >> think the treasury will trade up? >> the treasury bond will trade up. yields will go low and junk side will get out of control. because they're on that side of the trade too. with the equities markets we have hedge funds with major managers are selling into the four-year rally. the fed is coming in to try to hold it up. that is why we're getting 2, 300 point swings. that is not normal. melissa: that was my point when i started, what we've been see, wild moves, a lot of people got caught -- >> unchartered territory and market doesn't know how to react to that. >> anytime yo

david: do you agree with jamie dimon by the way? >> i agree it is definitely too tight. are reasons for this, because first of all, you have fannie and freddie at certain levels but then lenders are afraid that they're going to have to buy back loans. so they impose something called overlays. which means they actually self-inflict tighter underwriting standard because they're fearful that they might have to buy back a loan. mel watt at the mba conference said over next couple weeks there would be some clarity as to what's going to constitute that obligation to buy back a loan on the reps and warranties. this could really help things out. it could loosen it up. what you really need, you need the first-time home buyer. we're talking about reducing down payment from 5% to 3% on fannie mae and freddie mac loans. again we still have dodd-frank to deal with. that says if a borrower puts 20% down the lender has to put skin in the game. they put up all the roadblocks for people to obtain mortgages especially at the entry level. liz: talk about mortgage rates right now. everybody

ceo jamie dimon back at work after his cancer diagnosis. tell us what is going on, your outlook for this company. >> okay, so the wrap on this company and the industry is that the government has regulated them so much and constrained them so much as a result of the financial crisis there is basically no growth and just utilities. yet if you look at j.p. morgan, obviously among the best managed in the industry, a fortress balance sheet, loans are starting to grow as the economy improves. legal expenses are declining and again you're going to have a situation where margins are going up and they're buying back stock and dividends at the rate of $3 billion a quarter real value. >> jim, it is great to see you as always. jim awod. >>> and still ahead, lazy, entitled and living in their parents' basement, that is how some define them. but the new study of them and their money well, it paints a very dif >>> we have word tonight that there was another security breach, this time at retailer k-mart. the company says the breach started in early septemb

andahan joins jamie dimon lloyd blankfein in both the ceo and chairman roles.he fund suffered an estimated 23.5 billion in withdrawals last month. redemption occurred the day of departure. and they extended the sunday night ticket. no terms of the deal were. the klein.rket did airline shares were among the biggest losers what u.s. funds continued their rally. for more, the chief market managing $280 billion. he joins us from calgary, canada. i guess it was a good day to be outside of wall street. stocks, why do you think sold off and why do people by government bonds? >> we heard the news just fine. been movingas around. there is a lot of information that needs to come in. there is a federal reserve continuing at base this month. it is grinding forward. we think we are going to sell three percentage plus or minus. ishink what we are seeing that the federal reserve is likely to be a little bit longer than next acted in terms of when they are going to raise rates. they're going to continue their version of quantitative easing. uncertainty and the lack of correcti

ceo marissa meyer defending her m&a repurchasing strategies and jamie dimon says it shouldn't be so hard to get a mortgage right now. we'll talk more about that. stocks hoping to main ttain the upward momentum. nasdaq up 2.4. first triple-digit move in almost two years. the dow now back to positive territory. boeing is going to have a big part of that today. >> boeing, once again, the premarket from 129 to 131 has since come back. this is a conference call story because you got to hear about what military -- because they didn't have good execution last time. return of capital, we got to hear that. the tone is better, confirming what alcoa said, which is they have the biggest share of each plane. let's take a hard look, but i like the tone of the big industrials. i think that literally has been the theme now for the last four days. >> boeing is going to go positive for october this morning, which was down 3% at one point. you mentioned they're raising their forecast, basically coming into line with where analysts were. >> a week ago we would have ignored it. why? because american air was

investors will want to hear about the recent data breach and ceo jamie dimon's help. intel gets the ball rolling for the tech markets after the market close. on wednesday, we hear from bank of america .blackrock as well as ee bail and netflix. morgan stanley closes out the week with financials on friday. >> so could solid earnings brings a welcome reprieve from market volatility or are the big swings here to stay? the u.s. volatility index spiking again yesterday, climbing up by 16% and hitting the highest level since june 2012. back above 20. that's a big concern for traders, wilfred. >> indeed.eventually going back. for the country's exports, 80% to the u.s. u.s. growth is a good thing. so the fact that u.s. rates are going to go higher as an indicator of stronger u.s. growth is fundamentally a good thing. but having said that, the volatility that comes along with that, particularly for emerging markets is going the be a challenge. it's going to be a significant challenge. >>> still with us is stewart richardson. stewart, let's talk about the volatility index, gaini

very good news for jamie dimon.e is in the black, thanks to rising revenue, but expenses continue to be a colquitt -- a culprit. it is about $1.36 per share. as for citigroup, shares are higher today after the bank posted a profit that the analysts estimates. net income rose 6.6% in the third quarter to 3.4 billion dollars or $1.07 per share. by a rise ined bond trading. also, plans to exit consumer banking in 11 markets. we also heard from wells fargo, shares a little lower. even though the bank reported third-quarter earnings that met --lysts asked him it's estimates, they were in line. fell, andge banking lending margins narrowed. i will have another update in about 20 minutes. >> thank you so much. now, let's get you right to the top stories that we are following at this hour. the world health organization says west africa could see up to 10 thousand new ebola cases per week with in two months, and they also confirmed the death rate has risen to 70%. the who assistant director during gains the figures a news con

willtuesday, jamie dimon speak out on his battle with throat cancer.pmorgan chase scheduled to address the personal topic at the urban land institute fall meeting in new york. the newly victorious national league champion san francisco giants will face-off against the royals in kansas city in game one of the world series. on wednesday, u.s. consumer shows in september should little change according to a bloomberg survey of economists, suggesting federal reserve policymakers might keep interest rates low for longer. also wednesday, the inaugural twitter flight -- the first ever mobile developers conference hosted by the social media giant as well as earnings from the likes of boeing, at&t, and glaxosmithkline. andon.com, general motors microsoft report thursday. home sales data -- -- new home sales data -- friday. we can expect more ups and downs ford, proctor of and gamble, and united continental holdings out the week of earnings releases. that is a look at the week ahead. but yang yang joining us -- >> yang yang joining us from washington. as we had t

. >> hopefully the president and his people do have a plan because jamie dimon, the ceo says he needs close to the government. we need the government's help, so the government, think the government knows more than we do. we have to be vigilant. this is a big deal, been going on for a long time. there will be a lot of battles. unfortunately some will be lost. this isn't just us. >> he says he's been working with the state department very closely. this doesn't just affect individuals. this affects endowments, foundations, major corporations. >> jamie dimon runs the biggest bank in the country, one of the biggest banks in the world. every major business does business with jpmorgan. millions of individuals. i have my accounts there. we should point out that the data breach that occurred recently at jpmorgan, basically your personal data, the real sensitive personal data was not hacked in. your name, address, i'm not saying that's good. but the stuff that people can use to steal money from you, that was not hacked. >> at first people were thinking social security numbers, none of that. but

. >> finally, i know jamie dimon. how is he doing? >> he is getting stronger every day. trying to balance wanting to be jamie dimon, but also listening to his doctors saying, okay, step by step. so he is trying to find that happy balance and doing a good job of it. i'm proud of him how he is doing it. as he gets better and stronger and so on, there is a lot of smiles on the 48th floor and all around jpmorgan chase. >> we started talking almost 28 years ago. you're still at it. are you ever going to give this up? >> i know. you were bank lighter and i was at chemical bank. those two old brands. i love what i do and where i do it and the people i work with. the alibaba team, the m&a team is great. >> you'll keep at it. >> yes. >>> pepsi earnings beat estimates. the company raising its outlook for the year. shares close to all-time highs. we'll talk to a top analyst who sees them going higher. christine lagarde first on cnbc. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at

i will see if it works to catch jamie dimon having a drink with french diplomat. melissa: it is about action capture. some as they try to pivot to regular cams a will they continue to make money? >> making money i think that is big difference between this era and some earlier once. this company makes products that make profits. it might be around for a while. melissa: okay a little treat for you on halloween. the national average for a gallon of cast hovering around $3 today. supposed to drop under $3 by sunday. prices are down for the 13th straight day. you're giving fed this one. that is not what it is all about. it is about fracking. it is about supply. >> i know. where is, and i'm channel -- melissa: i want to give you a piece of candy. >> rick santelli is good friend of mine, wish he was here, where is the inflation? where is the devastation of zero interest rates? melissa: deflation is much scarier. >> where, no. with are is the bad stuff that was supposed to come from massive qe, low interest rates? these are legitimate questions. i'm not going to take a si

regional banks out there and many report next week, jp morgan, the bulls needs hear two things,up beat jamie dimon talking about a timetable to be back at his desk regularly after a battle with throat cancer. it's not about friends in this show, always about money, but if the banks can profit from the volatility. that used to be jp morgan's stock and trade, could the volatility be a source of an upside surprise? next we have csx, the rails represent u.s. commerce again i'm trying to distinguish between foreign and domestic. whether we're really doing, automobiles, coal, housing, agriculture, there will be questions about oil and gas because of the panic in the group. it's not really csxs stock and trade but i'm going to list it. you should do. then there's intel. it was clobbered when microchip, a smallest chip maker preannounced a horrible quarter last night citing chinese weakness when we expected chinese strength. intel is about personal computers, something only tangentially related to business. if tech is to regain its footing, intel will continue to report good quarters as it has in the last

when jamie dimon comes out with earnings, different story from where we were last year, where they hadal charges and the losses. what would you expect from jpm? >> for jpm, we peck a decent quarter, in line with the street. the key for banks is outlook because third quarter is seasonally challenging. but as we look at jpmorgan, we expect much better operating leverage out of the consumer bank, and really in our view, jpmorgan has the highest quality of earnings in the group with less reserve release and less reliance on private equity gains. >> chris, would you agree? >> i any in general we're in a stable part of the cycle. i've aulways said 8 out of 10 bank stocks are a boring place to be. predictable act tu air il nature to it. we've had stable net interest income. most of the fee categories have been growing slightly with the exception of mortgage banking which got hit by the taper talk last year. but that's anniversary. and you know, expenses, other than litigation drifting down slightly. that gives us very, very modest earnings growth but still positive. in the absence of bad news

we wish jamie dimon nothing but the best.cial world is a better place with him running jpmorgan. we had got news that the treatments were going well throughout the summer and it wasn't a major concern for most investors, the specific health issues around jamie. >> brennan, what about the cost of increased security against cyberattack cyberattacks, which obviously came into great focus, given that unusual and significant attack against jpmorgan this summer? >> jamie talked about that a little bit on the call. he talked about the costs for cybersecurity doubling over the next four or so years. and these are just a few hundred million dollars. so we're not talking about anything dramatic. jpmorgan keeping contacts is spending an additional $1 billion on legal costs and compliance. in the context of that, not really a huge driver. >> the outperformance, wells fargo for the years, shares is up 11% so far this year. now that rates are remaining very low, do you expect that -- do you expect more gains to be made in wells fargo, more

. >>> rare appearance by jamie dimon. >> it was actually his first appearance following his cancer treatmentthe summer. it is not every day you get him and four bank ceos in the same room talking about global growth, talking about regulation and, of course, the emerging threat from silicon valley. that is what they were doing at the institute for international finance conference. we want to start with global growth. they concern that a global recovery without europe was not a recovery at all. deutsche bank ceo voicing concern that european banks have slimmed down to the point that there is not a lot of credit available. one thing they did agree on is that the u.s. is the best house on the block, the economy is recovering, the consumer will begin to spend even in the face of rising rates which morgan stanley ceo said should not be a concern. here is what he said. >> this dog will hunt. and it's time that we got out of the scar tissue of the crisis and started dealing with the facts. and so i think that's my view on the u.s. economy. rates are going up in 2015. 2015 has 12 months in it. at the

. >> because jamie dimon obviously is doing an outstanding job and this thing is not far off its 52-week >> if rates go higher, they're all going up. and if you want the beta, it's bank of america. if you want something more conservative, you go to jpmorgan or wells fargo. end of story. >>> well, nike may have benched lebron 12s, but today's worst trade is benching yourself. new york giants' tight end larry donald benched himself on his own fantasy team last week in favor of 49er tight end vernon davis. well, donald then went out and had the best game of his career. 7 catches, 54 yards, 3 -- yes, 3 -- touchdowns, all helping the giants unfortunately beat my redskins. i'm not even going to mention what score -- >> pretty high. >> i got that out of my mind as quickly as possible. >> and they play seattle this week, judge. >> that's all right. come on, we can hang. cousins is coming back, my man. >> okay. >> he is. josh brown. final trade. >> i'm a giants fan. my file trade is twitter. this thing holds up almost better than any other name in the space. something's happening there. people wa

melissa: jpmorgan ceo jamie dimon making his first public remarks since being diagnosed with cancer. coming out swinging, warning nonbanks like private equity and hedge fund could being be a weak link in our financial system. >> what you don't want to do is push so much risk in the nonbank financial system that is next thing blows up because nobody is paying attention to it. and that has happened before. look at history, it wasn't always banks or investment banks. melissa: charlie what is your take on this one? >> love jamie. glad he is healthy. looks pretty good. talking his book, right? one of the problems that jamie got involved in the obama men station going after dodd-frank, saying it is too onerous. he is flipping that argument. not going after the obama administration anymore. saying if we have to deal with this garbage why doesn't steve schwarzman at blackstone have to deal with this? private equity firms right now are doing almost the same stuff as regular wall street banks. we should point out blackstone -- melissa: i don't know it has same domino effect when you look at pr

customers they didn't legally have a requirement to disclose this to the public but i'm told that jamie dimon felt it was the right thing to do to disclose it even though they did not meet the legal threshold in the united states. it began in june through mid august. the bank identified and closed known access paths into the servers and no evidence that attackers are still in the system jp morgan says. affected 76 million households and 7 million small businesses impacted by this. those are big and scary numbers. so to help us understand a little bit about the significance of this is the former white house director of cyber security legislation. he is a former air force pilot and intelligence officer and now he is out in silicon valley as a technology entrepreneur. thanks for being here. these are big and scary numbers. should the broad financial industry here be concerned? >> i think they should definitely recognize there are material and reputational risks. i think we see that with the jp morgan response. they brought in a terrific suite that seems engaged acting aggressively to address thi

this jamie dimon talked about it last week. charles: shadow banking takes money out of banks, this is reciprocal crony capitalism thing with the big banks and the federal government to get the bailout and the fed money, i would love to see that ended by the public. that's why bitcoin captured so much attention. >> innovation explodes when it's allowed to. what's kept the banking monopoly so frustrating for people is government intervention, so paypal which fought regulatory battles early in its life or bitcoin or all the other -- to dani's nonbank alternatives. i think about the technologies like carbon copies or 300 baud modems or black and white tv's, the technology changes and improves, whatever technology security fierce there are. >> snapchat. >> i will never get rid of my 8 track tapes. my stock recommendation is next. i talked about it before. it's a great play in the 3-d printing sector. it is the wave of the future. to jonathan's point, it cannot be stopped and the stock is cheaper and now can make you some money. . ch