first of all what would you say to jamie dimon in response here?th him. i guess he's under stress. for him to say that this is -- is this america? i hope he understandably regrets that. there's a philosophical difference here. his major complaint that i have heard and read is that he's facing too many regulators. that's an inevitable consequence of his decision to be in a lot of businesses. look there's a current issue about the bill that just passed that undoes the requirement that a banks that's involved in complex derivative transactions take those outside of the bank. the banks got a bill through with the republicans' help to leave them in the bank. how did he expect to have one regulator. he's a bank engaging in complex security transactions which involve the commodity futures trading and the s.e.c. who is the one regulator he thinks can do it? >> you don't think there should be one regulator? >> for everybody? for -- >> no. listen, should there be a more centralized regulator overseeing these banks which are so important? >> no. not if they w

liz: exceptional.eu.deloitte.com. >>> jamie dimon is up next. what jamie thinks about our economy and why he believes in the federal reserve. stay tuned. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour it is tax season. when will you get your tax refund? will there be delay this year. that is one of the big stories coming up on "the willis report" in just a few minutes. why's that? look what daddy's got... ahhhhhhhhhh!!!!! growth you can count on from the bank where no branches equals great rates. and cialis for daily useor you. helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avo

jamie dimon says the bank is well positions for the long term.u be doing with na stock in the near term and long term and other financials? we'll talk that when "squawk on the street" returns. legalzoom has your back. over the last 10 years we've helped over one million business owners get started. visit us today for legal help you can count on to start and run your business. legalzoom. legal help is here. for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to come. well somewhere along the way emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. [cheering] everything okay? we're here because you're about to have a heart attack. pete's heart attack didn't come with a warning. today his doctor has him on a bayer aspirin regimen to help reduce the risk of another o

and jamie -- i think jamie dimon will probably never say okay i'm jamie dimon, i'm here to help. so i think the government blew it. neil: now, being sued by the government. what do you make of all this? >> the relationship between the bank and the -- i'll bail you out and beat you up. if you look at -- neil: that's a brilliant analogy. i've heard the banking crisis worded many things. but ike and tina turner. >> there's about $178 billion in penalties -- have been waived on these banks since the financial crisis. crisis revolving door of power. during the good times we penalize you. in the bad times -- neil: they suck you in. >> and those bad times they're in part caused by the very government. neil: jared, i want to raise this with you. tesla's stock was plummeting. -- tesla is a backwards ford in my mind. they indicator to the classes, not the masses. when ford was incorporated, they didn't really start making a big profit until the model t. they should get some leeway. but i wouldn't be buying tesla right now. i think there is a little bit -- >> yeah, obviously. five years unt

[laughter] it was two years ago that i sat at davos with jamie dimon.aid i'm hearing that a major u.s. bank will eventually have to be broken up, and i asked him that, and he said, well, it's not us. it's not us. >> he doesn't have to. listen, here's where it gets really interesting. you know, wall street loves hillary clinton, wall street loves whoever the republicans are going to put up because they really think either hillary or the republican will scale back on the harshness of the dodd-frank rules at least in interpretation. i don't see jamie dimon breaking up when it looks like the political winds are shifting away from the sort of the way the regulations were interpreted from the obama people to where they're going to be interpreted under a hillary regime or a, you know, mitt romney, jeb bush, you name it regime. that's where that, that's where goldman goldman sachs' announcement, i think, falls flat. the other thing is this, goldman sachss does have a business model problem. they've got to do something, they know it. it's kind of -- what the jpm

. ♪ >> compared to other wall street titans like jamie dimon, bob benmosche is less recognizable, butouldn't tell on the streets of old dubrovnik, where >> 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. >> you can, but i am really nobody. >> 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? >> 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. 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 what they knew, were they better or worse than

with people who are not thought of as men of the people from al-sisi in egypt to the kazaks, for jamie dimon whom everybody sorts sort of hates in banking in the u.s. these are people who are not loved by the people. >> look, one of the things i get over time, i decide my own views about things you know? and i'm really quite resistant by just being buffeted around by the latest twitter feed. it's a dangerous way to make up your mind about anything. sisi i think is the real hope for egypt -- >> but not fairly democratically elected. >> i would say he is fairly democratically elected. >> there are opposition parties that are illegal. >> there are areas in al jazeera where probably i would disagree. >> we would be very happy if our three guys are let out of jail. >> i hope they are by the way. i would say though, about my own view is that the muslim brotherhood were a disaster for egypt and i think it actually is important that egypt get some stability going forward. in relationship to kazakhstan, it is important that people be, people who are christians jeuz jews muslims, the leadership of kaz

jamie dimon. >> you made some provocative comments last week. you said the bank is under assault from regulators. >> i was referring to the fact that there are lots of different regulators. it's hard to deal with. we're going to deal with it. my job is to deal with it not to complain about it. >> jon: complaining about it is just my passion. ( laughter ) while some called for giant banks like morgan to be broken up jamie dimon would just like to let you know how hard something like that would be on us. >> a lot of my directors have mentioned to me that some of their companies were under some pressure to break up and thank god they didn't. the company itself was a port of safety in the storm. we will be a port in the next storm. and you want me to be a port. you want me to be here. >> jon: what's with the "few good men" ( bleep ). you want me on that wall street! you need me on that wall street! you can't handle the truth! well you can't afford it. it's really exprensive, the truth. of course, not all the financial institutions are defensive abou

you might imagine jamie dimon would like to distract the marketplace a little because both profits and revenue down for the fourth quarter. they've set aside a billion dollars to deal with the prospect of more fines in the fx area for activities that took place around currencies. that's his line on the banks. i wonder how many americans will agree with that right now. >>> let me move on because we have seen movement on the dodd-frank legislation. this was rushed through in 2010. republicans say it is not fit for purpose, there are parts of it that should be amended. we did see the house here move on legislation which would start to ease back some of the pressure on the banking sectors to comply with its terms, particularly when it comes to the so-called volcker rule which means banks are not allowed to trade on their own accounts. it looks like at least that is one for the banks in terms of better news flow. but let me send it back to you on that right now, banks dominating the stories this morning. >> also news overnight, geoff, this big bankruptcy filing that made headlines overnight

thanks for having me. >> our interview with jpmorgan chase chairman and ceo jamie dimon will join usa few minutes. "squawk alley" will be right back. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪ and start working on your next big idea. the popularity of options trading has skyrocketed. but we still hear from viewers every day who don't know how to profit from them. so we wrote an entire book to show you how we trade options. and if you're one of the first 250 people to call in right now and just cover the shipping and handling, we'll send you a copy for free. look at the rates of return we've made on some of our recent options trades, versus what we would have made if we'd just bought the stock. there's no comparison. to make the

jamie dimon said here's why that's not the case.ind the scenes what's interesting is there are bankers making the case goldman telling us to break up. goldman is doing that because they need to grow. they are out of proprietary trading because of the dodd-frank regulations, got to get rid of private equity line, they need another source of revenue to keep everything stabile. they can only do trading for clients, you can hedge yourself and trade from the standpoint. gets complicated. that's the only way you can trade and they can do investment banking which is cyclical. so they need a stable source. what do they need to do? goldman has talked about this, they need to buy a wealth management company, a brokerage company or an asset manager. so it's the interesting thing that goldman is being self-centered. you asked bove if they need to do that? liz: he said no. i asked him for our viewers' purposes. who's going to make the money for a portfolio? he said bank of america. >> he's very positive. i believe this. >> very negative on his o

. >>> interview with jpmorgan chairman and ceo jamie dimon live from davos. take on the state of banking and future for his company. >>> premarket, haven't had a three-day win in 2015. shooting for one today maybe. more "squawk on the street" from post 9 in a moment. your old 401k is rolled over into a td ameritrade ira. yes! so no set up fees! wooh! yeah! so i get help from rollover consultants? wooh! yes! no rollover hassle. great. woah oh, we're spiking things, robbie. for all the confidence you need. that's better! td ameritrade. you got this. i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. >>> the president heading to boise, idaho. his big focus on taking steps to help the middle class in the economy, including closing tax loopholes, benefiting the wealthiest americans to pay for certain programs. take a listen. >> let's simplify the system and let a small busin

. >> i suspect that's why we've seen in recent days jamie dimon and others going pretty aggressivelyess trying to getfíar them to roll back some of the regulations that have been put in place over the last decade or so. what do you make of the fact that it didn't take long again for wall street to raise its head once it was clear these republicans were going to control both houses to try to roll back the regulations that were in measures like dodd-frank? >> there's one word i would use which is shame. when jamie dimon is out there lobbying for these breaks instead of actually reflecting on the fact that his company, his bank jpmorgan has paid an estimated urf billion or so in fines for all their massive illegalities, i can't believe these ceos are even in place anymore given what their companies did, the fraud that they engaged in the fines they have paid. where are our regulators where there should be basic standards of moral upstanding requirements to be a leading banker in this country as there are in the banking system in other parts of the world. it's a shame. and it really in m

. >> i would call up lloyd blankfein and james gorman ad morgan stanley and jamie dimon, speaking of which. melissa: speaking of which. >> why don't you guys get with the program. melissa: fox business exclusive maria bartiromo sitting down with jamie dimon describing the to throat cancer has taken on him. >> it was tough thing. i had exceptional doctors. i did exactly what they told me to do. but on december 4th after all radiation chemo, i got clean bill of health no evidence of cancer in my body it is a very good sign. obviously i'm monitored the next three years so it is not definitive so as good as it can be. melissa: got quite a tan going as well. >> i will say this the cancer he had is much more invasive than people -- jamie came out sad i will beat this we didn't harp on the story but throat cancer, i know people had it very difficult thing to go through. melissa: yeah. >> i think he made the right choice disclosing it. i think it was a disclosable event. you're a ceo -- i remember when i covered bear stearns during the financial crisis. jimmy cayne almost died of financial c

jamie dimon tackled a lot of other issues with maria. can see more of the exclusive interview with jamie dimon tomorrow, 9 a.m. eastern on "opening bell." and you can go on foxbusiness.com and see the comments made today. jp mayor shares right now -- jpmorgan stairs down right now, the stock was up much of the session, then started to fall around the 2 p.m. hour and trying to make a slight comeback here for jpmorgan chase. they do release their earnings before the bell tomorrow. fox business will have that. >>> closing bell ringing in 37 minutes. centcom's twitter account hacking brings renewed attention on social media and whether our tweets and information are accessible to hackers. whose fault is it, though, if your twitter account gets hacked? is it your fault? is it twitter's? something all investors should seriously consider before buying into any social media stock. and what should keep us up at night? the great contagion, china's slowdown, sinking oil prices? we find out from former commerce secretary carlos gutierrez right here,

jamie dimon got his first cash bonus since 2011. up a little more than $7 million. lloyd blank fine -- lloyd blank fein with $20 million. speaking about ceos, mcdonald's out with their earnings. they will be slowing down the opening of some of their restaurants. challenging has been a year for mcdonald's. scarlet fu has more on the numbers. >> revenue disappointing investors. earnings per share missing the consensus of $1.13. mcdonald's had already indicated it was suffering from the rising dollar. and some china supply issues. revenue also missing the consensus. here is where it gets interesting. comparable sales for the fourth quarter dropped .9%. they were looking for a decline of 1.5%. the better performing regions where the u.s. and asia -- and europe in terms of the declines not as steep as some had inspected -- anticipated. in africa, sales dropped a .4% -- 8.4%. results will remain pressured in the first half. look at how the stock is trading, it is higher. i will continue to dig through this. a challenging year results declining from unforeseen events. >> r

jpmorgan ceo jamie dimon counting on some help from oil.ng prices are going to benefit consumers and we assume his bank -- and, we assume, his bank. why are the cleveland cavaliers world beaters yet? they are 19-20. we will hear from team owner dan gilbert. ♪ >> welcome back. we continue our countdown. the story is very interesting. gopal under pressure. -- gopro after -- under pressure. apple has gained the patent for a remote control camera. >> people are valuing go pro is a media company, not a camera company. it would be easy for an innovator to come in here and come up with something to leapfrog it. >> it is unclear if apple is going to try to build a go poke competitor from this. -- gopro competitor from this. they could easily acquire go pro if they liked it so much. >> right. there is credibility to that. gopro i'm assuming they're pretty dominant in this market that they have created. there have been others who have tried. but they have first mover advantage. it makes sense that apple might say, why bother getting into this market,

and jamie dimon would love it if jpmorgan was 10 or 15% smaller, despite what he says because he hasr returns. the money has just come pouring in and they don't have anything to do. and that is the fastest growing line item sold today. >> what percentage of this. >> risk-free. >> people always say that it's risk-free, but if they could make a good commercial loan, they would do it for six or 7% coupon, of course they would do it. liz: yesterday your compatriot, you know him well, he came on and we talked about which is the one name that you actually like right now and your is what he had day. >> the stock that i think is the one that they have to make their biggest bets on his bank of america, particularly since we have this moving average and there will be earnings are a little bit unsettling and has dropped so much in the last couple of days, the outlook is better than it has been for a decade. liz: that is what our viewers heard yesterday. >> look at citigroup, bank of america, i'm not sure that there's value there, the management teams in both cases have in articulated why we sho

morgan ceo jamie dimon of a possibility of bank breaking into separate companies. >> goldman sachs, oneompetitors, coming out with a report saying that, a break up ofs bank would create shareholder value if you broke up j.p. morgan to 4 different companies. >> we said, there might be some logic, i don't know all of the facts. and based on those some parts, using current p/es, maybe 25% higher, current p/es you never make a major business decision based on what we know temporary, you have to look forward 5 to 10 years, and say value in total, where you can build, and potential p/e is something worse, he does not know the synergies. charles: he is trying to talk around it watch maria tomorrow, this exclusive interview with jamie dimon in the morning on the opening bell right here on fox business network. >> my stock idea is coming up next, i will be corny. i think it will keep your portfolio flying. when we come back, we'll make you some money. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good ti

maria bartiromo's exclusive interview with jpmorgan chairman and ceo jamie dimon, 9:00 a.m. eastern on "opening bell." adam: don't miss "the willis report" next. >> hello, everyone, i'm gerri willis and this is the "willis report," and the show where consumers are our business. what's wrong with this picture? president obama, a no-show at the paris rally against terrorism. >> we're at war. this is an international war it is a global war. we don't have a strategy. gerri: we'll examine the vacuum of leadership from the white house on two key issues and what it means. >>> cyber-terrorists strike again. u.s. central command's twitter and youtube accounts hacked. were top secrets documents posted on line. >>> democrats lay out the next economic plan. another with it transfer program. >>> appeal from wall street to the federal reserve don't raise interest rates. will the fed listen. what does it mean for your money. >>> muscle cars are back. the detroit ought show -- auto show kicks off. about high gas mileage and horse power. >> those that know about sports cars are salivating ab

. >> jamie dimon sitting down for a rare interview with becky quick during squawk alley at the world economic forum. take a listen. >> one of the things that people worry about is interest rates and qe. it will be volatile and painful and give you a lot of things to talk about but it won't matter that much. >> negative interest rates in europe -- >> europe is a little different. in america all that qe reduced short rates and long rates and i think it did help mortgages and assets. in europe rates are low. the mechanism by which monetary policy might be transferred may be currency. and i think mario draghi has done a great job. i hope it works. it shouldn't mask structural reform. >> goldman sachs came out with a report suggesting jp morgan would be worth more broken up than together. you made the argument that that's not the case. when you first saw it did you call lloyd? >> i don't think lloyd was involved in the report. he's quite a good analyst. we have to hold more capital. that's a good question to raise and our margins are good. our returns are good and the other thing you shou

i want you to know i ran into jamie dimon, ceo of jpmorgan chase right now at one of their functions.appy to say looks great. he looks really good. we ran into dan loeb. dan loeb runs a big hedge fund third point capital. take as big interest in new york city politics. point-blank he wants to create a business group that would sort of blunt some of bill de blasio's radical policies. he is talking to people about it. stay tuned for that. he tells me he is definitely on this here is what is going on. you know, melissa, i'm calling this you know, i don't know, this is, this is a scandal. it is not watergate. melissa: we're calling it threat-gate here. >> this is what cnbc is doing. they find out we have a guest. they call up that guest. or send them an email. and one of their pr people, a guy named nick dunne does this he send as, a nasty email to the people, saying if you go on their show in davos, you can't go on our show. she is are ceos, sitting there, who are these thugs? now listen, as you know i play pretty rough when it comes to breaking stories. melissa: that is true. >> i want

. >> i'm going to see jamie dimon on thursday. i would wish he hosted a panel. think we need capital. >> get the scoop from him. liz: and we'll have it on davos dish. >> real capitalists. liz: davos dish tomorrow, back, same time, same channel. see you then, tracy, back to you. tracy: they need their own show. they're so funny. charlie, anthony and liz, thank you so much. closing bell rings in about 31 minute, stocks mostly higher well, off levels of the day. dow, s&p, nasdaq and transports are try for third winning session. the dow has been down for five of the last seven sessions. >>> first attacked global terrorism, and now for the second part of liz's interview with former british prime minister tony blair where, she questioned him about the state of the global economy. liz: mario draghi meets tomorrow. should he from your perspective institute a big stimulus package? >> yes, i think intervening on its own is not the trick in europe. what europe requires is profound structural reform. i think we've got to also make sure that the actions we're taking for exam

. >> jpmorgan's legal costs hurting earnings and jamie dimon says big banks are under assault. plus blackberry soaring on new reports of a takeover offer. details on who could be buying and whether it's too late to buy the stock. ors! vectorvest mobile is here and it's free! make faster, smarter, better trading decisions with vectorvest mobile. the most powerful app or managing your portfolio from the palm of your hand. only vectorvest mobile analyzes, ranks and graphs... ...over 16,000 stocks worldwide, everyday,... ...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started toothbrush... sweater... extra sweater... headphones, sleeping mask... oh, and this is the xfinity tv app. he can watch his dvr'd shows from where ever he wants. hey. have fun, make some friends. alright. did i mention his neck pillow? (sniffs pillow) watch your personal dvr library where ever you go. with the x1 entertainment operating system. >>> blackberry s

jamie dimon it really goes to what we heard the other day. continues to demonstrate strong momentum and expense discipline. >> we talk a lot about what is happening with wall street and heads being cut there. >> 242,000 employees. >> right and i think we are still seeing some downsizing in the fixed income trading business. but we are also seeing improved efficiencies as we go to think like mobile. >> do you agree with chris whalen and other reports in american banker that they are beginning to cut into bone? it seems like for people -- i have seen like for people in jpmorgan branches in the last order. -- four people in jpmorgan branches in the last quarter. why is that? >> they will have some people there. they will have some people to help you make certain decisions, but things like making it a positive i can do that on my phone now. >> and it's a question -- making a deposit, i can do that on my phone now. >> and is a question of how many are slaving into the night. >> and as trading those more electronic -- goes more electronic, you need

and then finally, jamie dimon, when he speak, people listen. he was on the defensive saying banks are under underedunder undered assault and he thinks that break up notion is poppycock. so people love jamie dimon. >> we should make it clear poppycock is allen's word here. >> that's me. >> thank you, allen. good to see you. it's waepbeen a rough ride. where the downward trend continue? final thoughts when we come back. you just got a big bump in miles. so this is a great opportunity for an upgrade. sound good? great. because you're not you you're a whole airline... and it's not a ticket you're upgrading it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪ ♪ ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retir

jamie dimon one of the best there is. charlie says by far the best there is. >> he is. david: charlie gasparino. thank you, larry shover. "the willis report" is next. liz: have a great night. gerri: mellow -- hello everybody, i'm gerri willis. this is the "willis report" the show where consumers are our business. when will you get your refund check? it is tax season again. will we see repeat of last year's delays. >> due to high demand you may experience longer than unusual wait times. gerri: so what is the deal? we'll get the straight answer. >>> he has been called an unaccountable czar by some and fierce defender of consumers by others. the head of consumer financial bureau richard cordray is here. is he a force for food or in the immortal words of ronald reagans something else. >> the nine most terrifying words in the english language are, i'm from the got and i'm here to help. gerri: another obamacare baste and switch. a top health care advisor for the president does a big flip-flop on one of the law's biggest. >>> breaking up can be hard to do especially running a

>> before jamie dimon became a saber of the financial world a few years ago, jpmorgan was at the middle of every crisis around the world. i know mr. dimon was out on medical leave. i don't see them getting optimistic guidance going forward. in this environment, and the sentiment in the stock, which had been good until a week and a half ago, i think you see the stocks come in another 3%, 4%, 5%. >> banks will give off earnings next week. but results from the tech sector could yield the wrath of the dollar master. we're looking at one widely-held name in particular. carter, what are you looking at? >> qualcomm. but tech as a sector, is the most exposed to a strong dollar. and our bet is that qualcomm is going to suffer here. first, a few currency charts. this explosion since june. a six-month rip, of course. putting context, we're now back to the highs of '05. put it in context, in fact, we are up against the long-term trend line from the peak in '85. now, the stock in the s&p 500, with the largest exposure, international sales, is qualcomm. a full 90% of the revenue is overseas. asia, eu

i'm harkening back to jamie dimon's comments. >> of course we do.it because we have to respond to it. we think of it in a million ways. we can't just think about our technology spent without thinking about what we have to do to adapt to the requirements of regulatory reporting. everything is informed by conforming to regulatory. but somebody said what percentage, but it's there but it's just background noise. it's like listening to music. you can listen to music and do something else at the same time. >> or it can be really horrible music that makes you want to throw up. or it could be the former. >> it could be one or the other. at the same time it's not all you do. >> goelly >> goldilocks. he said that it is under assault spp it under assault? >> look. first of all, no choice no problem. i don't have to sit here and illuminate whether it's good or bad. it is what it is. i know why it's gone as far as it did. people want to be safe. but there's a tradeoff always between safety and risk and to drive growth. at some point the cost of excessive regula

jamie dimon received a $7.4 million cash award. his first since 2011. total pay unchanged at $20 million. blankfein received one third of the bonus in his $24 million package. apple's ceo received compensation of $9.2 million last year more than double his pay for 2013. the hen's package was made possible by a soaring stock price. -- the enhanced package. those are your top headlines. that sounds nice. a couple million boost for not taking a holiday. >> i take all holidays and all sick days. millions of americans are preparing themselves to bid a fond goodbye to the country's favorite pastime, football. the super bowl scheduled for next sunday and it's over for a wild. advertisers and companies are rejoicing. kevin roberts has been watching this. you are a soccer and rugby guy but football is king here in the united states. it is only becoming more so. that was a question. >> that was a question? >> what part of -- it does seem like sports is what is having television. life events are the only thing people are willing to pay for. >> that is not true. li

dollar and interesting comments on jamie dimon and tim cook.ake a listen. >> jamie dimon is a legend in the industry and i have respect for him and clearly mr. cook also is a very good friend of mine. we're an investor a long time. these are two legends that i have developed with. >> talking whether to buy the euro or dollar, he said i'm a dollar man. bring in simon after what a week it's been. >> that promise yesterday that the european central bank would print and force feed into the economy over a thousand billion euros in the next 18 months, has continued to enliven the stock markets there. good gains. if i show you where we've traded this year, it's clear that european equities are having their moment in the sun, basking in the glory of the central bank. the chart where we've traded his year on european stocks soepd as opposed to the s&p 500 here in the united states. for this country we're flat as you can see, but look, european stocks on the ecb move now up 8% for the year overall and it's really noticeable today in particular the export

maria bartiromo's exclusive interview with jpmorgan chairman and ceo jamie dimon, 9:00 a.m.g bell." adam: don't miss "the willis report" next. >> hello, everyone, i'm gerri willis and this is the "willis report," and the show where consumers are our business. what's wrong with this picture? president obama, a no-show at the paris rally against terrorism. >> we're at war. this is an international war, it is a global war. we don't have a strategy. gerri: we'll examine the vacuum of leadership from the white house on two key issues and what it means. >>> cyber-terrorists strike again. u.s. central command's twitter and youtube accounts hacked. were top secrets documents posted on line. >>> democrats lay out the next economic plan. another with it transfer program. >>> appeal from wall street to

>> i had a little visit with jamie dimon. we can layer it in as we talk about bank profit. >> would you say he is doing great, good, not so hot, crapola? >> i think he is doing amazingly well given what he has been through. >> amazingly well given what he has been through. i want to take you through the top global business stories of the morning. no one thought retail sales would be this bad. sales were down 0.9% in the month of december, the most in almost a year. that is almost twice as large as the most pessimistic estimate. another big drop for copper today. the metal fell almost 6%. the main reason is slowing demand from china. the bloomberg commodity index is now at a 12 year low. oil's losing streak has now stretched to four days. you thought i was going to say it turned around. it has not. goldman sachs warned that oil needs to fall to $39 to rebound for the markets. this morning, goldman sachs head of commodity research was asked if the price could go even lower. >> absolutely. we calculated the number at the level a

. >> last year -- >> of this assault using jamie dimon's words, many will disagree with that. >> the gular -- jamie, memo regulators don't like it. don't lose your cool jamie. i'm a guy who loses his cool i know than this has become a cost of doing business legal and it's not supposed to be. supposed to be behind these guys. that's why i say wells shines through. john stumpf there's no legal. i mean it's actual -- it's a business. you know it's like a retail store, they didn't have the retail growth that i used too like when cross sell maybe but it's a business. >> yeah. >> it's not an appendage of a major legal firm. >> absolutely. >> you want long legal -- i want to bring several law firms publicly -- you know how much i pay? 23 times earnings for a legal firm. >> would you really? >> yes, i would. >> other big one, intel, fourth quarter results beat the street issuing cautious guidance on revenue and gross margins for the current quarter. what brian krzaich had to say on squawk about growing his company in a flat pc market. >> projection for 2015 is relatively flat pc base from uni

really, jamie dimon is really legend in banking industry. i have all respect for him. clearly mr.od friend of mine because we're investing in apple long time. two lejds legends. >> great question by jim. i wonder if you were to remake your board, your highness made up of u.s. ceos can you think of four or five you would name? >> well you know it would be a dream to have buffett on the board. a dream to have mr. gates on that board. all of my friends, by the way. >> your highness, a lot of times we've seen big declines in oil and the shutdown the production shutdown has been rather dramatic. we in this country are seeing companies cut their cap x budget but they still expect to see production go up. short term. couldn't that put more pressure on oil and this 45 47 area might turn out to be too high for now? >> well you know in the foreseeable future, from six months to a year year and a half i think volatility's going to be in the oil industrying we have not seen the bottom yet. depends how demand grows in those countries who witness slowdown. and really in the supply side because

jamie dimon said it in rebuttal to this.ve, is a business t wherehe whole is greater than the sum of its parts. i think a lot of the businesses within jpmorgan that the analysts point out in this note are the size they are and have the success they do because of the synergies they have working together within jpmorgan. >> the reasoning by the analysts is that the regulatory environment has changed. it has made it so it's much more difficult to operate as a big lender. you have much more of the regulatory eye and heat on you with a bank of that size. >> you do but if you spun off into an investment bank come you still have an incredibly regulatory mountain. you cannot get away from regulation just because you breakup. just because you are smaller -- each one will be regulated separately. i think that should not be the main story. which entity is where the shareholders gain the most? that's what i would look at. when you write something this big, you don't write it in a note. he wrote it in a note. what he needed to do was to

you can see the fatigue as you listen to jamie dimon.ou have class action lawsuits against jamie morgan. when does it end? she does not want to see it end. i think that is my biggest concern right now. it is hurting the economy. other banks letting people go. i am sorry. at what price to the economy you win a political office? when do you stop? she is not stopping. i hope voters wise enough and see it is a very selfish run she is about to make here. >> higher profit. lending looks less profitable. wells fargo. does not help the stock. take a look at tesla. you lawn musk said sales in china were "unexpectedly weak in the holiday quarter". they are now down 190. john boehner. michael hoyt, a former bartender hatched a plot to poison or shoot the speaker. they say he was hearing voices. he thought john boehner was the devil and responsible for the tram 15 outbreak. president obama -- some guy called this guy a on political attack dog. just 46% of american children live in a so-called traditional home with both mother and father in their fir

jamie dimon says it is on assault by regulators who want to break it apart. >> the reason you have a mold the national banks. including governments. six have intentionally dollars a day, you will not do that with a small bank. you will not put out a $20 million per xfone and you cannot do certain things globally in 20 countries if you are not in 20 countries. >> some of the wounds might be self-inflicted. jpmorgan posted its lowest fixed income trading revenues since the financial crisis. apple suing over the wireless technology used in mobile devices. the federal court claiming they are not essential to long-term standards and that the rates were excessive. meanwhile, ericsson suing back in texas trying to determine whether the terms were fair. and the crew of the international space station were safe after an early-morning scare over a hazardous leak. an alarm went off indicating a possible pneumonia leak. one called it a nice -- a nightmare scenario. nonetheless, astronauts are spending the day and a russian part of the space station as a precaution. tesla shares are pummeling tod

. >> i'm just going to tell you how jamie dimon is justifying some of this and going through and lookingsaid the corporate an investment banks have strong performance and fees. in 2014. he talked about particular strength in markets, with a capital "m." remain somewhat challenged commercial banking grew a period in loans 8% versus the prior year. and commerce banking giants generated revenue over the quarter of the year. also asset benefits $80 million. overall, up 9% this quarter. >> the $4.93 billion. the $4.93 billion profit compares with the year earlier profit of $5.8 billion. so it's down. was revenue below last year -- sometimes the wire estimates get mixed. >> that's right. it was expected to be lower too. market knew that. >> right, right. but still -- you know higher revenue, you call it you make more money than you did in the period, right? >> well profit is actually slightly lower too. >> yeah, profit. >> you know what i don't see, any comment is about the cybersecurity customer data issue. a lot of analysts and investors looking to see if they're going to talk about that. th

we had jamie dimon on who said it's going nowhere fast. buffett said he's not thinking of it as a future currency. yet you have been a big fan. but the price has dropped materially. >> the least interesting thing is what its current price is. whether it's $200 or $1,000. the interesting thing is about how it's a trustless system that preserves trust without any central note and the fact you can do any issuance off there. the platform is the most interesting thing. >> and so where are we now to the term you think bitcoin is the next big thing which inning are we in? >> i think we're in inning one. and i think the fact that the price is going up and down on speculation is literally not at all a predictor did sh. >> are you invested in bitcoin itself? >> i own bitcoin and i'm invested in two companies. zappo is a wallet. if you want to buy bitcoin and hold it there. and then blockstream creates bitcoin into a platform. >> if you were a viewer and thinking of buying bitcoins would you? as an investment? >> i -- >> like a currency. >> well curr

jamie dimon said this week got five or six regulators coming at him from all different directions.s like regulators are almost done with first horizon and lawsuits are almost all behind them. i know you can't tell me what day it will be over. where do you think you are in the process of settlement. i know it's not what you came into the job for. >> we're in the sixth, almost seventh year of trying to resolve getting out of the mortgage business. we made a lot of progress this year settlement with freddie mac, resolution of litigation. we have one or two major issues still out there. we're making progress but at a frustratingly slow speed. we build our knowledge base around the businesses and we think the facts are important to understand and as resolution or discussions move forward, we think we're well positioned to continue that dialogue. >> do you think there's an advantage now in a country that really has just a handful of banks that are national banks, to be regarded as a local bank? is that coming back into fashion? >>. >> we think it's clearly an advantage in our business. w

you can't go to jamie dimon and ask him to give you a tutorial so we have people that can speak to job we move quickly and are focused on things we think will allow the state to rise economically. it's the most unique economic development program in the country. >> as we mentioned at the top of the show, maria is enjoying well deserved time off but she'll be here next sunday here on fox news channel live at 10:00 eastern for "sunday morning futures." be sure to tune in. >>> sad news in the world of sports. sports fans and the broadcasting industry this morning mourning the loss of a longtime anchor. espn stuart scott has lost his battle with cancer. it happened this morning. the sportscaster anchor inspired many people with his brave fight against the disease all while continuing to stay on the air. scott well known for his catch phrases when calling highlights worked at espn for 22 years. he leaves behind a wife and two daughters. stuart scott was only 49 years old. >> very sad. a great man. he will be missed. >> he will. nebraska medical officials announcing that a u.s. healthcare wo