and jamie dimon is here. of discussions this morning on this very set with steve swartzman, with ray dalio, i could go on. virtually every one of them had a very sort of pessimistic tone about the global economy and where this is all going. so i thought we would start by trying to get a sense of where you are. >> first, welcome, everybody. that's what makes markets, people don't agree. they buy and sell and do different things. when markets are this bad, it's reasonable to say it might be telling you something, but also reasonable to say maybe it's not. someone says markets have forecasted 9 of the last 5 recesses. my own view is you had four, five things very different taking place. china scared people with this bungling of the currency and their stock market. and the lower growth that changed flows around the world. commodity prices are down substantially. far more than a year ago. that has caused sovereign wealth funds -- it's helped people. it's helped india, japan, korea, it's helped the average consumer

maria spoke with jamie dimon about sinking energy prices.is next. ♪ >> one of the things that the candidates know very well is that we are going to stick to the issues and it's about what the american people care about and they better have real answers and solutions to the issues that are important to voters. >> neil: what i think has made the debate more heated, the time is running out and the candidates have to register. >> maria: i think there's been a lot of distraction and noise, when we are talking to candidates we are going to talk through all that noise. i want specifics. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. [bassist] two late nights in blew an amp.but good nights. sure,music's why we do this,but it'

still to come here, including what jamie dimon is investing right now. and as commodities continue downward, banks are feeling the pain. up next, how the drop in crude is affecting regional banks. they've been a popular one. "closing bell" back in two. its intelligent drive is msystems...ng. paradigm-shifting. its technology-filled cabin...jaw-dropping. its performance...breathtaking. its self-parking...and self-braking...show-stopping. the all-new glc. mercedes-benz resets the bar for the luxury suv. starting at $38,950. perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right? >>no. your insurance rates go through the roof. your perfect record doesn't get you anything. >>anything. perfect! for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claim centers are available to assist you 24/7. for a free qu

jamie dimon paint was a quiet trading period.in the fourth quarter we are talking about after the august market downturn and the volatility bear. bone growth is up, mortgage loans are down. we will be watching the results as they continue trading down before the open. the fact that loan growth is also core long growth is that there's potentially a good sign because we are always looking for the bank earnings numbers with an economic downturn. back to you. dagen: i will just point out in the expensive industry from earlier in the week, his overall tone about the town is very optimistic. >> this thing ends the october quarter, it was a disappointment. this is the biggest bank. now sending a very nice earnings season. all units were down, but it looks like some of the units of jpmorgan are trading rather performing nicely right now. we are going to be watching commercial loan growth and what is going on with the trading because of it chunk of revenue does come from trading. core long growth coming up as jpmorgan chase is up 16% year

this as jamie dimon, one of the nation's top bankers, begs to differ. he says the economy's relatively decent. we've got it covered from coast to coast with two congressmen who will be in the chamber tonight; republican congressman lee zeldin of new york and john garamendi of california. >>> meanwhile, the candidates are getting in a few last shots before the president takes over the news cycle, but oddly donald trump and hillary clinton are taking aim at the same target, hoping to cut into that target's lead in iowa. our political panel on all the ted talk. plus, the latest on how police nailed "el chapo" the faster way than playing powerball to become a billionaire. yes, there is a faster way, and why you should fear the possibility of a bananaless world. no bananas for you. we're less than an hour to the closing bell. let's rip off the peel and start the "countdown." ♪ ♪ liz: folks, it's just two minutes after the hour, but more importantly, it's 32 minutes after we should have had a closing official price for oil. breaking news, houston, we have a b

what jamie dimon said, i'm going to talk about all the stuff that's bad.hen you look at the sum of evidence, it is so positive. it just shows you he has so much going for him, that he can afford to talk about the possible stress of oil and gas. to me, the context is not bad. >> the context, of course, is -- what are they doing? >> some clapping here. on oil and gas, importantly, he said something you said. they have reduced their cost by almost 50% in a lot of these producers. >> we are talking about $11, $12 for a lot of the guys. they still make money. >> above the fold on page one of "usa today" all about the pain being inflicted on the economy because of oil. not about gas prices anymore. >> no. again, everyone is in a bear market mode. jp market as we got to the open. it is important to remember that at a certain point, you'll have discounted some of these high-yield losses. they are not there yet. it is ridiculous to think that oil is going down. >> a year of relatively low oil prices. we have yet to see the real benefit, the real spend from consumer

somewhere p morgan ceo jamie dimon saying, yes, we are in a period of volatility, but the sky is not falling. here's what he said. >> you got to separate fluctuation of the market from the economy. it could be worse that we thought was possible. i'm hopeful this is all a big adjustment, and in a couple of weeks we'll take a deep breath and say thank god that's over. >> that being said, he did quip, if you're not nervous, you're crazy, and he said if we do, in fact, go into a recession, you could see more qe from the fed. he is resounding this chorus that we've heard from all bank ceos, whether at davos or earnings calls. caution on the global economy. confidence about the strength of the u.s. by comparison. oil is still sinking the market. today we heard harvey schwartz say the benefits of the decline in commodity prices are being discounted across the board. he was speaking also about goldman's specific exposure. he said $10 billion in outstanding loans to oil and gas companies. about $1.5 billion of that is noninvestment grade, and those numbers are very important as investors are

jamie dimon says the credit card corporate lending business is the best he's ever seen. he is not the kind of guy to oversee things and would give the nod to deterioration if he thought. -- if he saw it. buying the external -- the stories coming from the executives in the bank. alix: the other thing that confuses me is the role of high backs. i tracked the s&p by back index versus the s&p. 2003,n see at the end of and really started to outperform the buyback index. little is holding up a and it's also a reversal of what investors want companies to do. tear down your debt and don't give us a buyback. guest: the chart tells an important story and a specific story about what investors want from companies. what is interesting is people think they are spending all the money on buybacks and dividends. they are spending more than a long time on capex. investors have been asking for a long time -- bank of america does a survey about how they want companies to use cash. to a long time, they wanted prop up share prices and do buybacks. there's or april 2015, a distinct shift where

when jamie dimon was here and all the other american bank ceo's were absent.a great time to buy u.s. bank stocks. the same could be said for sovereign wealth funds in oil. iok is not well representedl -- well represented. sovereign wealth funds are not represented to what we look back on 2016 and say this was the bottom? i don't know. francine: if you're in the markets, they probably hope so. erik schatzker has great interviews coming up throughout the day. erik was talking about volatility. and the price of oil. let's get the market check because a lot of european stocks under pressure. if you look at the stoxx europe 600, i do not think there is one stock that is gaining in today's trading day. you can see the ftse down 3%. dax down 3%. the cac 40 the biggest loser over all. cars and exporters are down. this is after this morning. index wente topix into a bear market. if sell 20% from the highs of last august. coming up, plenty more from davos, looking at the challenges and key players who can help influence change. stay with us. ♪ francine: welcome back to

like jamie dimon, it is a long game.vestment taking because of rushers today, it is probably too early. they are committed to it. i think they will stick with it for the time being. talked to last time i a major u.s. tank, they said the fed is already imposing requirements higher than basel so we are repaired for fossil to go up. maybe you are right, but i am not sure this will actually change the big u.s. banks gave your. good pointyou make a here and i would love your insights on it. very strict in the last few years and likewise swiss. you want the swiss finish third go up and above where every other regulator is. where do you see the banks and the regulators behind outside the u.s. and outside of >> forland question mark large banks, capital time and is an issue but not the driver at the moment. the driver is the revenue stream you can generate in the capital market. those other two think they are rationalizing and people who will do well are the people who will rationalize on both sides of that equation. capital rel

comments jamie dimon's on jpmorgan's earnings was a sign of strength with energy.nly 2% of their loan portfolio, over half the credits are investment grade, they have plenty of capital to deal with it. betty: for now, right? what if we are in the same situation when you from now? thomas: i think the question is, could it get worse? absolutely. and it could become more expensive, so what is the penalty and cost of it getting a lot more expensive? we think that a lot of that is already priced in with many of the stocks, at least for the biggest banks. if you are a regional bank, that is -- in the oil patch, that is a different story because you would have much more concentration issues and the market growth aspect you need to talk about, plus, we don't have an aggressive fed raising rates which is helpful. of issuesa multitude for the regional banks, but for the biggest, they are diversified with plenty of capital. i think what it will do, we might be cutting earning estimates because of the, but we will not see big banks raising capital or having any accounts that a

jamie dimon, he welcomes you. it was in an art alaric. we have some -- an art gallery. paintinget a kershner for 15 million pounds. beautiful location. the captains of finance. i think they are more interested in doing deals. matt and i are art historians. we are more important that we are more focused on the sourcing -- we are more focused on the sourcing. >> i don't think i'm going to see any of my american colleagues. i think they are just going to stay there in the outs. you fly to miami, spent 24 hours in miami, then come out. can read more about luxury at bloomberg pursuits, your destination for the finest things including travel, watches, dining, and property. >> a quick reminder about how europe finished the day. blink and you would have missed it. forest two-day gain the stoxx 600. see you at 11. >> it is known in new york, 1:00 a.m. in hong kong. welcome to bloomberg market. in new york. from bloomberg world headquarters in new york, good afternoon. i am alix steel. here is what we're watching at this hour. like the situation after the human crisis. bank of ja

error: and jamie dimon was questioned, if not hammered about it -- eric: and jamie dimon was questionedred, about it on the conference call today. if oil stays low for 12 months or longer, jpmorgan is looking at $750 million of additional loan loss provisions beyond the $550 million it took in 2015. needs tuesdayil that low for that long for that to be a problem. one of the things jamie dimon cited is that cost's are coming dramatically fast pace. many of the companies that lots of people thought would have been left for dead by now are still in business. alix: part of that, to your point, is as hedges rolloff contracts with other companies, we could see more cost inflation down the road. onrlet: where do you stand the credit quality trend? is it set to deteriorate? chris: it's a good point. of jpmorgan's loan portfolio is consumer. rates are going to be low for some time after the right down the banks took during the financial crisis. we don't think the next recession is going to be consumer led. it rarely is. as it relates to oil and gas, keep in mind that the potential about $100e is

jamie dimon, i haven't asked jamie who he's going to vote for, if jamie had his druthers, he would vote bill clinton again, he's a democrat. there's a lot of clinton love among the wall street ceos here. james gorman, i bet he's on the fence. he's met with everybody because that's what happens when you are ceo. i believe jeb bush is seeing him. everybody else. these are all ceos that are very tight with the clintons. the question is does, she go against some of her rhetoric and do what they think she's going to do, and that's change parts of dodd-frank which is making the banking industry, essentially into a utility. very low growth, highly regulated. forget about the way they were -- liz: i don't know if a lot of the voting public has a bleeding heart for the banks at the moment. >> well, here's why -- i'm not saying have a bleeding heart. >> i get it. >> here's where it hurts the viewing public, when they can't get a loan, hard to refinance the loan. liz: charged in the checking account. >> when you don't have free checking account, you get charged higher fees on credit cards and lend

jamie dimon right here in studio 57 looking at how long the financial trouble could last. but first, here's today's "eye opener" at 8:00. >> they handed out more than 1300 cases of water, but many people are saying this is only a temporary solution. >> ted cruz is staking a late claim to new hampshire, a state he has largely ignored and where donald trump is riding high. >> this hospital is a place where they can justtart to pick up the normal routines of life. through sunday the biggest concern. it will snow from the tennessee river valley through the mid-atlantic and into southern new england. >> the reports say more than a dozen players, all ranked in the top 50, regularly lost under odd circumstances. >> this is where glenn fry first connected with don henley back in 1970 and that friendship would form the basis of one of the most successful american acts of the rock era. >> i will not be at the academy awards. >> for the second year in a row no person of color was nominated in any of the acting categories. >> he's choking the life out of the guy, he's drunk as a skunk

includes 40 heads of state like david cameron, high pro file business leaders like chairman and ceo jamie dimon. leading the delegation is joe biden and john kerry. the world economic forum is sometimes criticized for the secrecy around the event. also, parties that give attendees a chance to mingle and have fun and get to know each ore. >> oil prices have continued to fall and send the global markets into a slump. to a new year in recent memory? in all time? thomas friedman is here with his insight on what is happening. >> you wrote this week that when it comes to dinner parties you're not much fun these days. >> i can ruin your dinner party, breakfast, or take out for your in-laws. this is not your typical market episode, what if it is really being propelled because so many eras are ending a the same time. the end of 10% a year chinese growth. the era of high oil prices. between $80 and $100. since the mid '90s we have gotten used to that. the era of the american two-party system. the american union. these are real billl lars. . not collapsing. but there is cement falling off of the pillars a

years.j-p morgan chase c-e-o jamie dimon was paid 27- million dollars in 20-15. that's up from his 20-million dollar salary the two years prior.sharelholders for the bank are not happy with dimon's raise.they voted against it at their annual shareholders meeting. movie fans are paying more when they head to the theater. theater.that's according to the national association of theater owners.right now - the average movie ticket price is eight-dollars and 70-cents. that's 40-cents higher than this time a year ago. large-format screenings and block-buster hits like the new star wars and jurrasic park movies are reasons for the increase. rebecca has your weather to go next...but first here's a look announcer: 3 republican governors. but which governor won national praise for tough leadership handling nine hurricanes? which governor made his state which governor led the fight to stop obamacare expansion in his state? and which governor laid out a tough plan to destroy isis months before the paris attacks? jeb bush. right to rise usa is responsible for the content of th

jamie dimon got his first raise in two years from j-p morgan chase. dimon received seven million dollars more last year than in 2014 and 2013. he earned around 27-million last year. dimon's base pay is 1-point-5 million dollars... but his cash bonus is five million dollars and his stock bonus is 20-and a half million. many shareholders objected to dimon's pay package in a vote at last year's annual meeting.. but he got it anyway. next ... not rain .. or snow will stop football games... and neither will the freezing temps. it's a field of frozen dreams.. we take a look at where the cardinals and panthers will meet. as if you were a man-male...? this is one of the jobs where they have to pay you the same. but there are so many examples where that doesn't happen. i'm going to do everything i can to make sure every woman ...as the men who are doing that job. i'm hillary clinton here's a look at some of the 'all new' stories we are working for fox5 news at ten. after months of squatters taking over homes in a northwest neighborhood--- a police raid ends wi

melissa: jpmorgan ceo jamie dimon says lower prices are not bad for everyone. hire is what he told maria bartiromo earlier. >> it is good for consumers and businesses. so all those who consume energy are paying lower prices. we think, we have jpmorgan chase institute which uses real data that they are spending 80% of the gas decrease. it is good for american consumer. gas is at $2, adjust for inflation kind of same price it was at in 1960 i'm told. melissa: catch the rest of maria's interview with jamie dimon tomorrow on "mornings with maria," live from charleston, south carolina, starting 6:00 a.m. eastern time. david? david: there is new evidence that isis could be experting with chemical weapons. sources giving catherine herridge the very latest details. she joins us next. melissa: the war on terror is one of the biggest topics we'll ask the candidates about in fox business's big gop debate. coming up, karl rove will give his take on who will come out ahead. david: powerball setting new world record. estimated $1.5 billion. t could have been over, 28 people

jamie dimon has it right. he is making money.: the most important factor which he benefited from is the diversified model. there are people questioning whether the user versus banking model is dead. but he proved is that is not the case. every business saw its earnings go up quarter on quarter. that shows you the strength of the business here it manus: -- strength of the business. manus: the balance shrink -- the balance sheet shrunk. growing loans by 11%. but they have been doing and ubs which is pushing on profitable -- unprofitable deposits away. what is this conundrum in terms of deposits and pushing them away? chris: i am not saying it is all a matter of the ratio. in the case of jamie dimon, they are in really good shape. but, jpmorgan were in shock when this global systematic bank surcharge on the capital they had to hold which was doubled by the fed. giving them something 4.5% on top of the 7%. what they have been doing his slinking the business to make sure they slink that surcharge. making themselves less. by doing that

here's jamie dimon, and we'll talk about it on the other side. >> i wouldn't buy treasuries. if you asked me, you know, some credit is actually going to price -- we should start thinking about it. some of the -- not the energy stock. the other high yield is being priced. it is a bad recession. >> right. >> unless you think there's going to be a bad recession, even there you might get a semi decent return. >> this is sort of the idea that you were just talking about. sort of price dislocation. things get so far out of whack you can't help but take a look at the opportunity down the road. >> there's that trade. the other side of the coin, in terms of looking at flow of funds, an institution that has fixed income as their portfolio is out of bounds. equities are down. fixed income is up. then you are going to see deals announced and then hopefully regulators allow those in the pipe lien to get cleared out of the way. you know, lots of -- also, obvious negatives. >> last quick word, please. >> look at the s&p. we're right at 1820 right now, which is a key level. if we break that,

high profile business leaders like jamie dimon. and even movie stars like leonardo decap pro. davos including 250 settles although many are private and the world economic forum sometimes criticized for the secrecy around the event. and since 2016 began, it's been a year unlike any other. three weeks of turmoil led by oil prices that continue to fall have sent the global markets into a slump with worries that economies are slowing down as well. what's behind the worst new year in recent money, in all time. thomas friedman is "the new york times" foreign affairs columnist. he's here with insight. thomas, great to see. you. >> great to be to here. >> you said when you come to dinner parties, it's not much fun nowadays. >> the thought was just occurring to me last week. what if, this isn't just your typical market episode, but what if this is really being propelled box a whole bunch of eras come in at the same time the era of 10% of the year chinese growth. for last 30 years. the era of high oil prices between $80 and $100. since the mid-'90s, we've gotten used to that. the era of

couldoblem is not -- he stand on the floor, and jamie dimon could really rally the troops with here isare going. john will be very conservative, very careful. that is a problem when you are trying to motivate investment bankers, who unfortunately always want to be doing the next thing rather than stepping back. on, andis, that is dead he gets back to francine's original observation. how do you keep the talent, not the economists, not the strategists, but the trading talent, the execution talent? how does he retain that? >> again, we go back to the fact that he was a -- look, these guys are mercurial, but they understand markets. what i am telling you -- this is john speaking -- i am building you the platform he should have had from the beginning. once we have got to rebuilding that platform, i'm getting it to where it should be if we can hold in there and keep market share. the problem is in the fourth quarter it didn't happen. tom: do they go alone or do they merge? who is the most likely merge candidate for him? >> there is no merger. i don't want to upset those m&a bankers, but ther

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asked jamie dimon whether a year from now he would look back and realized they had underestimated that problem. >> we try to be very conservative always, so we're not trying to put up as little as possible. you know me, i would put up more if i can't, but accounting rules dictate what you can do. the real risk is produces flows, surprisingly the cost to get the oil out of the ground has also dropped dramatically. >> that optimism aside, investors have been selling financial shares. jpmorgan stocks down 11% this year die spite rising 2%, but r&b's gerard cassly said there's still growth around the corner. the banks could earn higher yields on their loans while keeping payouts on deposits low. bad news for consumers who want to earn more on the savings, but music to the ears of shareholders. no "nightly business report" i'm kayla tausche in new york. >>> best buy lowers its sales outlook. the nation's largest consumer electronics chain says it expects sales to fall about 1.5% in the current quarter. this follows weak demand for mobile phones during the holiday season. it sent shares 9% l

analysts asked ceo jamie dimon whether the bank had possibly underestimated the weakness to come in energy. diamond said no. that being said there have been worries from the bears in this sector that the spillover from the weakness in energy, the emerging markets, whether that means the fed will hold off on another rate hike. that has been dragging the whole sector down, jpmorgan down 11% this month alone even including today's ride. s&p financials testing a new 52-week low earlier today, we will have to see what the rest of the banks have in store for us. citi group, wells fargo on tap tomorrow. an cysts say perhaps jpmorgan will be a bellwether in a positive direction. back to you. >> we're actually going to have wells fargo's cfo on the show to break down those results tomorrow. there's been a back and forth between wells and jpmorgan in who is the tell, who is the barometer for the banking sector. it will be interesting tro hear what contrast if any wells draws tomorrow. >> jpmorgan tends to get a little bit of that trading investment banking market sluggishness because wells fargo doe

. >>> jpmorgan ceo jamie dimon getting a big raise.tails when we come back. >>> welcome back to "closing bell." jpmorgan paying its ceo jamie dimon $27 million for 2017. that is a 25% raise from his 2014 pay. approving members to the company's bylaws. jamie dimon getting a hefty raise for 2015 earning $27 million. >> no wonder he was in a good mood this morning. >>> the russian ruble getting slammed over the past month. more and more markets are focused with oil prices dropping. we'll talk about whether the economy there is on the brink. its sleek design... is mold-breaking. its intelligent drive systems... paradigm-shifting. its technology-filled cabin...jaw-dropping. its performance...breathtaking. its self-parking...and self-braking...show-stopping. the all-new glc. mercedes-benz resets the bar for the luxury suv. starting at $38,950. come happy birthday. i just had a heart attack... and now i have a choice. for her. for them. and him. a choice to take brilinta. a prescription for people who've been hospitalized for a heart attack.

jamie dimon understands that. doug understand that at walmart.hey will do this because it is survival. what happens if you do not change? >> do you mean this year will be the new position? >> there is like all changes in the economy. extremely well. we emerge from many challenges stronger. we have no competitors from 15 years ago who exist today. companies who are bigger and stronger, they are a shadow of where they were at that time. this is what every company has to do. you either disrupt or you will be disruptive and that is what leadership is about. cisco intends to partner in a way that no other company has ever done with all the major governments in the world and we are on our way to doing that. emily: with john chambers in davos. ♪ silicon valley has a diversity problem. a big one. many companies are attempting to correct it. following facebook's announcement of an internal program designed to manage unconscious bias. diversity figures are barely moving. doesn't silicon valley hire black coders? they found a of factors that could take deca

jamie dimon got his first raise in two years from j-p morgan chase. dimon's base pay is 1- point-5 million dollars... and his cash bonus is five million dollars and his stock bonus is 20-and a half million. coming up on wis--bringing a frozen character to life! a father and daughter in michigan just can't seem to let it go. blizzard in denver, and it's full of silly string! break singer mariah carey has a new he was rated a+ by the nra. not for his promises, but for defending the second amendment... he's a man of deep faith, who fought time and again for the right to life. he laid out a plan to desesoy isis months before paris. he'll strengthen our border and use conservative principles to put washington's broken fiscal house back in order. jeb bush. he's the conservative you can trust, to fight for our beliefs. right to rise usa is responsible put a ring on it. the today show is reporting carey is engaged to australian billionaire james packer . they were spotted getting cozy with each other on an italian holiday just seven months ago. carey is one o

i think jamie dimon owes us lunch. jamie, are where are you at? want a sammich. >>> it is almost half past 2:00 on wall street. let's take a look at the dow. if you're just joining us, welcome, happy friday. the markets are having their worst year ever, and today is not helping. the dow is down 455 points right now. it is one of the worst day that is we have seen in months. again, the worst start to a year in recorded history. over 100 years, no start to a year has been this bad. in other news, there are some stocks up, but the worst performing stocks of the dow, look at that. intel is down 8.7%. intel is down nearly 9% in one day. disney, supposed to get this giant "star wars" lift, everybody is going to see it, parks will be packed, disney stock is one of the worst in the dow down over 5%. in the s&p 500 it's another tough day for marathon oil. mro is your ticker there. that stock down 12%. it's lost 23% this week. consol energy, that's down 10.5% and qorvo down 9%. speaking of oil, the oil markets closing for the day and the week. let's get you

tom: jamie dimon does not want you to speak today.ngs getting in the way of the brilliance of andrew sentance. vonnie: i dollar 32 per order earnings and net income came in billion. $5.4 the legal expenses affected earnings to the tune of three cents per share in relations to the credit default swap conspiracy that went on and the resolution for the allegations that there was a conflict of interest at the wealth management unit. of25 million in terms provision for credit losses. -- billion dollars. in terms of investment baking, billion.at $7.07 we will bring you more on that. the shares are trading in the premarket, unchanged. at the press release and you and i have talked many times about the beauty of the jpmorgan clarity. what i mostly see besides the fact they are selling their darn, i get that, they are good gross relative to other banks. so much is not just about doing good but the comparison in the coming days versus the other banks. vonnie: the first to report and interested in this because the challenges this quarter includi

david: i want to ask you about what jamie dimon had to say about the general economy.e talked about the prospects for a recession and how that bank is weathering the downturn we are seeing. guest: he talked down any concerns on the conference call today. they put aside some extra money to cover losses on energy loans and he said it's not that bad. to the extent it gets worse, we think we can ride it out. tried to say caution wasn't needed or that they can weather the storm. david: thank you very much. still ahead, leonardo dicaprio possible new film may help to knock "star wars" from the top spot from the box office. all thanks to a little golden man named oscar. ♪ david: "the revenant" is leading the pack in hollywood nomination for its highest honors. other nominees include "the big short" and "spotlight." north american ticket sales rose 7%. is the managing editor of fandango. let's talk about the best picture category. a stock -- a stark the by here -- a stark divide here. now, revenue is going to have the most momentum in terms of the bump. --"the revenant" is goi

jamie dimon has been optimistic about the bank's business as well. >> the credit card commercial bank middle-market is as good as it's ever been. i would not call it a cycle, per se. if you have a recession, you will see a normal cyclical increase in those losses. we not forecasting a recession. betty: pretty good. for a closer look at the fourth quarter report, i want to bring .n paul miller he joins us now from arlington, virginia. i feel like every quarter, we ask this question. they beat on the bottom line because they are getting so good at cutting expenses. when are we going to see that kind of growth, that type line -- topline growth and not get so excited about them cutting costs. >> it all depends on the economy. we you will not get that -- you will not get that hard topline growth win that you need gdp to grow 5%. higherou start to get rates. until we get out of this growth depression, you will not see a lot of topline growth at these big banks. you will see a lot more cost-cutting, reserve releases. it will be difficult for these guys to beat that topline growth. betty: whi

steve sports men and jamie dimon were gelling out to everyone that would listen. because they are being forced to all the kind of capital that they are being forced to hold, they will not be able to afford the kind of liquidity. you sell what you can sell. you sell whatever you can see that there is look would it be. i will also say that the earning story is clearly one of the issues. we see oil prices above $26 a barrel. that has real effects. we very well may not be done with this. this market needs to find a bottom. this is a shakeout that they like to steve. perhaps we are seeing the words. they want to be buyers coming in. you will see strategy coming out and saying opportunity. >> what about china? that is the big worry. being devalued in the race to the bottom. we are all in this currency war. trying to do whatever they can to prop up these economies and it is not working. >> you are absolutely right. she basically said, look how much the mentality of the chinese is very small, in terms of putting their money into the stock market. it is not a broad-based f

jamie dimon is in studio 57 looking at how long the financial trouble could last.at 8:00. >>> they handed out over 1,300 cases of water, but many people are saying this is only a temporary solution. >>> ted cruz is in new hampshire a state he has largely ignored and where donald trump is riding high. >>> this is where they can just start to pick up the normal routines of life. >>> areas of rain and snow spreading in all the from seattle back down to central california. >>> the reports say that more than a dozen players in the top 50 regularly log onn-- >>> the basis for one of the worm's most successful american acts. >>> for the second year in a row, no person of color was nominated in any of the acting categories. >>> he's choking the life out of the guy, he's drunk as a skunk and now he's suing for $5 million? come on. >>> chipotle is giving out double the amount of food. i'm not sure it was a good idea to call the promotion free-coli. >>> i'm charlie rose with gayle king and norah o'donnell. hundreds of people set to protest governor schnieder's state of the st

: donald trump had interesting things to say when you interviewed him and so did jpmorgan's ceo jamie dimon when he was on with mary neil: said about shine and the issues they going through his comments, long term, years down the line but here and now was a little different for a lot of people including jamie dimon. he describes the difficult transition the chinese are trying to make. >> china had uninterrupted growth for 20 years, 10% like clockwork and as it goes through a transformation to a market-driven economy reducing corruption it is going to be more turbulent and china will not only be slow growth but more volatility, making people nervous. connell: but long term if you look at the way he phrases that he is bullish, talking about the long-term likely outcome for china, 20 or 30 years down the line china likely to have 30% global fortune 2,000s, big companies would be there and a lot of gross to go but near-term could be rocky. a lot of people think that. neil: connell mcshane. now, in charleston, south carolina, true to form i have been a frequent visitor here but he is right, a be

jamie dimon always seems to have something up his sleeve to keep this one from blowing out.ndout. will be a i don't see any big upside that i do see it as a standout. putgoing to sell next week and call. it's known as a strangle. they expire on january 22. i can do that for about two dollars. the downside, i raked even at 55.5. technically, that is a great place to get in. other side, 61 would be my break even. out to see any big low the upside but any sort of weakness at all, especially down error --5.5 percent area. ♪ . . live from bloomberg world headquarters here in midtown manhattan, you are watching "bloomberg markets." : mexican officials say they are constantly moving drug chapo" joaquin "el guzman from cell to cell. he is back in the maximum-security prison from which he escaped in july. the present has 24-hour video surveillance, which covers every inch of his cell. meantime, mexico has begun the process of extraditing him to the united states. an avalanche that struck a school group skiing in the outside has killed two french high school students and a ukrainian s

guest: if jamie dimon for here, he would say there's a fire revenue streams. -- diversify revenue streamsn figure out how the results are going to be in any given quarter. trading is a black box. we learn more about it when they report results. scarlet: in terms of legal overhangs, is there anything we need to watch out for in jp morgan? guest: they can surprise you and suddenly have a $1 billion legal charge. i don't know if there is anything specific on the horizon. it would be worrying if it went back up to $1 billion. alix: thank you so much. a very busy man for the next few days. coming up, what you need to know to gear up for tomorrow's trading desk. ♪ scarlet: don't miss this tomorrow. intel earnings reporting after the close. and intel cfo stacy smith will be joining us at 4:30 p.m. eastern time. in so sees its -- intel sees its 2016 sales rising in single digits. meeting, have the boe nothing really expected. sterling has fallen since the dollar. thbe ecb will be posting their account of the december meeting, which disappointed everybody. interestingbe some factoids there. joe: t