now, more of that exclusive interview with jamie dimon. detroit about the role of detroit -- titans in cabinet of president-elect trump. >> i think a lot of these people are going to try to the country. they are not going to try to help their former colleagues. they have deep knowledge of the hopefully will do a great job. david: for more on that exclusive interview, megan murphy is with us now. congratulations again on this interview. >> thanks. david: they are relieved that they think they will get a president who will do things for them. >> i asked jamie dimon to give obama a great letter on how he would rate the president on his relationship with business and you are right. this has been a huge tension across several industries. what they felt with the obama administration, not so much that they did not understand business or antibusiness, but that the default was regulation and rain in the excess and that they did not listen enough to businesspeople. of course, jamie dimon, with stuff like dodd-frank, that was a big factor, but that g

jamie dimon.eak to him exclusively and get his thoughts on the donald trump white house and why --ular stag nation is a myth secular stagnation is a myth. prime minister tsipras will be meeting with angela merkel. is the relationship doomed or is a resolution possible? key to the money the greeks need. guy: let us talk a little bit about what is going on in the markets. we are showing you the lufthansa news in just a moment. this is where we are right now. european market is not doing very much. equities aturopean the end of this week. story is partow and parcel of what we are seeing. let us see what is going on. anna: that was the case when we looked at the gilt market yesterday. some big moves. --ls had a best yields have yields had a bit of a selloff at the beginning. gilt is at the forefront of that. we open at 1.472. the u.k. 10 year dealt -- debt. a fairly flat picture. not going anywhere very fast in a mixed a bag with energy moving up, up by 0.4%. consumer discretionary down by 0.2%. a lot

morgan chase chairman and ceo jamie dimon. from new york, this is bloomberg. ♪ jon: earlier this month, j.p. morgan chairman jamie dimon was named chairman of the business roundtable, a prominent pro-business lobbying organization in washington. this issue of bloomberg businessweek features an exclusive interview with dimon himself. he talked about how he expects immigration policy to change with the trump administration. that wase rhetoric terrible during the election -- if you are black, jewish, lgbt, african-american or women, we will support you and that cut of diversity just the way we did before. has gonehe rhetoric away. even the rhetoric about immigration, president trump says if you break the law, we will deport you. come1 million undocumented only 800,000 have broken the law. business bracket has already supported immigration for that reason. it is a pro-jobs, pro growth argument. most people when they get worried about immigration, it's not that they don't like morerants -- they are afraid that the american way of l

jamie dimon gives us his take on donald trump's cabinet picks and the u.s. of economy. >> in america, you keep hearing that productivity is low. a new normal. it just is not true. anna: as vladimir putin talks business with abe, the end is in sight for russia's market downfall. >> it is bottoming out a bit. ♪ anna: a very warm welcome to bloomberg daybreak: europe. our flagship morning show from london. let us talk about the dollar. we talked about it a lot this week, certainly yesterday in the aftermath of the federal reserve interest rate hike. we are once again talking about the dollar. go long or go home is the title of this fantastic chart i have for you here. circle, november, marks the victory of donald trump. what we have on the white line is net dollar long. their highest level since january. are we done with the dollar rally? perhaps not. a 10 year high against the yen. let us put up the risk radar to show you where we are compared to other currencies and asset classes. the euro is a focus. some big moves in the euro this week. 104.37. the euro hit

host: just ahead, jamie dimon sounds off on populism worldwide. jamie: they want to take a wrecking ball to these companies. host: and what he expects to see on immigration policy. jamie: we're not going to kick 11 people out. also talked vocally in recent weeks about education, immigration, and infrastructure in the parts they are going to play, and how much are you going to spearhead those initiatives? jamie: one of the greatest disgrace is in ts country's 50% of the kids don't graduate from high school. even the kids graduate are not job-ready. that is a crime. that is a disgrace. that is america at its absolute worst. we are allowing it to happen in these kids do not have opportunities that we had one point did in life. we have to fix it. we talk about the government making things free. it is not about making things free. it is about if you are properly trained for jobs. in germany, a good percentage of kids at a local business schools. they get a certificate for a job. in new york city, there is a , aviation high school. kids are trained in ho

what's your take on deregulation that's likely under donald trump president-elect and what jamie dimonst said? >> i think jamie and the group of ceos that work in the industry, we all -- we all look back at what went right and went wrong in the late 2006, '07, '08. so adding capital, adding liquidity, those are all good things. the ceos who run these companies, large, medium size or big all believe in that. so what we're seeing saying is let's go back to where we have these problems and people outside our industry that are doing things that the industry has to clean up. let's go back to doing it. we made those changes a long time ago. and so there's a lot of debate about what the right course forward is, but the clear thing is let's be careful about it because we're self-interested as an industry. we have an obligation through the fdic to pay the cost of cleanup and so we want reasonable regulation and we think it's appropriate. >> so we're not expecting a wholesale change in the regulation, yet your stock is up 29% since the election, a meteoric rise in such a short space of time. is

to me, we should solve that problem and i hope the new administration can do that. .om: jamie dimon and mr. dimon swallowed the trump kool-aid. ellen zentner: we pressed him the kool-aid.ank bankers are surprisingly optimistic. ,n this stage of the game whether they see putting forward on issues like trading corporate tax reform and the agenda we see him pushing forward, what i have been surprised is the resistance prior to november and the willingness to look at appointment after appointment of senior bank figures and give them the benefit of the doubt to see what they are going to put forward. tom: what was the surprise of the interview? what did he say with an your th?s? -- lenght megan murphy: the door he left open. he has been adamant about staying put and a big believer in the bank and what he has been doing. he do not close the door to doing a different role in the rm future. when you listen to him, he has friend's narrative about being a page -- he has framed his narrative about being a patriot. he has now ruled himself out of a bigger role. -- guy: if we were to see regulation

jamie dimon opens up. the ceo speaks exclusively to bloomberg and discusses dealing with disruption. and after another lackluster year on the tech ipo red carpet, a star-studded lineup. but first to our lead. a fair punishment or political power play? alibaba is named on a u.s. blacklist for featuring confi counterfeit goods on its site. back forassing step the company. shares slid in thursday trading, with analysts suggesting the move was politically motivated, given heavy-handed rhetoric on china from the incoming u.s. president. alibaba's ceo, daniel zhang, wrote, we will not focus on whether it was fair. we will focus on how we improve. we also need to recognize that protectionism is ever present around the world and influences that are not free-market oriented coming to play. joining us now is our guest host andthe hour, bob o'donnell, bloomberg reporter selina wang. how embarrassing is this? in october, they took drastic steps to reduce counterfeit goods. selina: this is a big surprise. they've been

mark: that is a megan murphy and jamie dimon last week. the footage between jamie dimon. tonight at 9:00 p.m. eastern on bloomberg television. julie: coming up, deutsche bank trying to distance itself from president-elect donald trump ahead of his inauguration. he will tell you why. this is bloomberg. ♪ ♪ live from london and new york. i am mark barton. julie: i am julie hyman. this is "bloomberg markets." is,sche bank in the cross this time with a high-profile client, at least currently. president-elect donald trump. at whatoined for a look germany's biggest bank is going to do to rework their nearly 300 million dollars in loans to mr. trump ahead of his inoculation next month. they have had a long-standing business relationship. a contentious one. what is the current status of it and what are the loans for? >> there for donald's various projects, golf courses, the hotel in washington, which is obviously in the news a lot, so these are bona fide big term projects -- big trunk projects. he has been a client of deutsche bank are many years

jamie dimon's name was floated around earlier as a possible candidate to be treasury secretary. is comes a week after dimon has been named to part of the group. this is the president's strategic and policy forum. a group that's going to advise president-elect donald trump on business and economic matters. he sits on that group here with blackstone's steve schwartzman and laura sfink. jamie dimon increasing his scope as far as the business advisory side. back over to you. >> interesting. giving his opinion. certainly in the months and who knows, maybe years ahead on what's best for business under a trump administration. dom, thank you so much. dom with the latest. let's get back to this conversation, and this in and of itself is interesting news. i'm not sure how you can make the argument that, oh, it's nothing but a tweet, it's nothing but a comment during an interview. the market itself has moved higher, sharp i will higher since the election, based on what it thinks could happen without anything having happened yet. >> i agree with you on that. >> the health care stock moved lo

joe: that was bloomberg businessweek's megan murphy with jamie dimon last week.ch the full interview on bloomberg businessweek debrief. a conversation with jamie dimon tonight at 9:00 p.m. eastern only on bloomberg tv. scarlet: a longtime supporter on trump's twitting silo and on rex tillerson as nominee for secretary of state. this is bloomberg. ♪ ♪ joe: longtime doldrums supporter and colony capital founder leaving the donald trump inaugural committee. he spoke with bloomberg and was weets whether trump's t were too reactionary, rather thoughtful introspection. >> i can assure you one thing. this president elect does nothing based on instantaneous temperament. before he tweets or reacts, he has a group of april who have the expertise around him to advise him on the history of that statement. they can say whether he should tweet it or not. he is probably one of the most open to various points of view if you look at his choices in the cabinet. he encourages debate. i think you have a safe and competent set of hands. we are learning a different communication style

jamie dimon was a big barack obama supporter. he was featured in a somewhat negative ad by donald trump in the days leading up to the election. but a lot of goldman folks have joined the trump team. maybe just looked around and sees this may be a new dawn for american business. >> that's right. what's interesting is jamie die nonjim --jamie dimon was a obamn obama supporter. look at the treasury nominee. he worked for george soros. he has been a supporter of democratic politicians an has embraced the trump agenda. thus far it looks very promising. >> people need to understand why it's important that business leaders buy into this in light of the fact that they used money to buy back their tone stock the last number of years. >> not only do they have to buy into it, they are going to. we have had a business environment that has been nothing but demonizing profits, demonizing business, demonizing fat cat bankers and wall street and so on and so forth. and there is so much. you said it in an earlier segment talk about animal spirit.

jamie dimon speaks exclusively, dealing with disruption.er another lackluster year on the tech ipo road carpet, a star-studded lineup eyes 2017 as the year to go public. first to our lead. a fair punishment, or political power-play? alibaba is named on the u.s. steplist, an leaders and for the company 4 years after it was taken off of the list. some analysts suggesting that the move was politically motivated, given heavy-handed rhetoric on china from the incoming u.s. president. the alibaba ceo wrote to employees "we will not dwell on whether it was fair or just. we need to focus on is how we improve and do even more. we also need to recognize protectionism is ever present around the world, and influences that are not free market orientated come into play." joining us to discuss those influences is our guest host for the inner, bob o'donnell, a new york technology supporter. hit us with it. they took some drastic steps to reduce counterfeit goods and tackle this very thing. >> alibaba has been surprised. they say they have done everything p

let's return to my exclusive interview with jamie dimon. murphy asked him first about having been a potential pick for treasury secretary. jamie: i have always been quite public about i do not think i am enthused to be treasury secretary. i love what i do, i'm not ready to do something else, and i think i had a lot of value to america to do what i'm doing. megan: there we go. that is the answer. as recently as september, when i look back to when you were talking about what you thought the next administration would be before the outcome of the election, you said you thought it would be very difficult for a wall street guy to get confirmed and to get in, and now we look at the landscape we have. we have several wall street figures, some of whom you know very well, including gary cohn from goldman sachs, rex tillerson from exxon mobil and steven mnuchin. what do you think they will bring to the administration that is different? what is new that they will bring? is this a good thing? jamie: obviously i was dead wrong that "you will not see a wa

morgan chase chairman and ceo jamie dimon.terview will be aired on bloomberg tv and featured in thursday's bloomberg businessweek good business issue. still ahead, just days after johnson & johnson walks away, shares of act telly on climbing on reports -- actually in -- actelion to be bought by another company. in a news conference from president obama around 7:15 p.m. london. this is before the president leaves through the annual family vacation in hawaii for the holidays. this is bloomberg. ♪ vonnie: this is "bloomberg markets," on vonnie quinn. nejra: from london, i'm nejra cehic. sanofi is in advanced talks to buy actelion. a deal could be announced as early as next week. joining us is manual the gory. obviously we're hearing this news after j&j walked away from actelion. is how a number of drugmakers have died actelion for years -- have eyed actelion for years. this is an appealing target. does it look like this potential deal has the material to perhaps be successful, finally? >> the biggest question mark. over the years

he will not be a member of president-elect trump's cabinet -- jamie: i don't think i am suited to be secretary of the treasury. megan: dimon gave his take on where president trump can affect real change. jamie: fixing corporate taxes, immigration, trade, all done properly, we will have faster growth in america, and we can fix those problems. megan: that it's all coming up in this special "bloomberg businessweek debrief, a conversation with jamie dimon." >> let's talk a little bit about some recent news first. i am sure the audience is interested as i am. there was a lot of speculation about you potentially going into the administration as treasury secretary. was that a job you were interested in? did you turn that job down? jamie: i have always been public about the fact i'm not suited to be secretary of the treasury. i love what i do. i'm not ready to do something else. i can add value to america doing what i am doing. megan: there we go. that is the answer. in september, when you were talking about what you thought the next administration would be, and this was before the outcome of the election, you said you thought it

jamie dimon says the president-elect is right to look to wall street for key administration picks.clusive interview in a moment. this is bloomberg. ♪ >> this is daybreak asia. i'm yvonne in hong kong. >> jpmorgan chief executive jamie dimon says donald trump is doing the right thing by appointing business executives to key roles in his administration and told bloomberg the president needs to assemble the best team but he ruled out an immediate role for himself in government. >> i've always been quite public about i don't think i am suited to be secretary of treasury. i love what i do. i'm not ready to do something else. i think it adds a lot of value to america just doing what i'm doing. >> there we go. that's the answer. when i look now as recently as september when i look back at when you were talking about what you thought the next administration would be and this is before the outcome of the election you said you thought it would be very difficult for wall street guys to get confirmed. and to get in. nowwe look at the landscape we have. we have several wall street figures. me o

anna: jamie dimon there speaking to megan murphy.the conversation goes in 2017, also interesting where the -- the oil story is topical at the end of 2016 with the opec members and their friends coming up with their deal. commodities are back from the brink and that's what this chart illustrates. raw materials cap their first annual rise since 2010 after gains in energy and metals such copper.and there as toertainty how sustainable it is in 2017, not least of which, one of the uncertainties around the opec question. yusuf: the other factor is of course donald trump and infrastructure spending, that it will create the vortex for demand across the commodities. if there was a crown for the best-performing commodity, it would be a gold crown, theoretically. perhaps it would be a zinc crown. take a look at what's , therming withzinc best-performing metal in 2016, the third-largest gain on record. as not over yet. we had supply shortages and a cut back on mining activity. still seesley further legroom in this rally next year, about 6% above

a perfect example is jamie dimon, jurors juror jpmorgan ch. he is a democrat, he supported clinton. >> yes, i think that another great example of the type of leader we'll see, we had have an administration over last 8 years that i don't think anyone could say had an open door policy particularly for people from the other side, this is something that was very much needed in washington, there has been so much gridlock, and so much partisan politics it is nice to see somebody sit down with people they may or may not agree with on a lot of issues, find common ground, and work together. adam: there were a lot of people a trump tower today. dc mayor, iowa governor, and laura ingram. so what do you think the next big moment will be, will we find out nominee for secretary of state? >> i think that is probably coming soon, this is a big appointment, something he does not want to rush into, he wants to really do his due diligence in talking with each of potential candidates, but i think he will make the right decision at right time, in particular focusi

one of the reasons why jamie dimon is hot for it is territorial.es overseas, jpm will be one of the biggest beneficiaries. david: that is interesting. jonathan: thank you very much. i want to take you back to that boeing story. after donald trump tweeted in the past hour that the costs were out of control and they will cancel the order of air force one, reporters tracked down donald trump in the lobby of trump tower. this is what he had to say about boeing. >> it's out of control. it's going to beit's going to b4 billion. i think it's ridiculous. i think boeing is doing a little bit of a number. we want boeing to make a lot of money, but not that much money. about 9/10e are down of 1% on boeing. boeing is doing a little bit of a number. we want them to make a lot of money, just not that much. does that cancel the order? david: it's a negotiation. , say this with great respect this man is amazing on television. there's a reason why he was so successful on the apprentice all these years. alix: this is real money to boeing. most of that money comes fr

david: coming up at the top of of our exclusive interview with jamie dimon.s on self driving cars, plus, a test lasts that was group you at a thrilling six miles an hour. a sound system and even a horn. this is bloomberg. ♪ david: good afternoon. welcome to bloomberg markets. ♪ david: from bloomberg's world headquarters in new york, we are covering stories from los angeles to berlin to moscow. showingf economic data a pickup and business activity. president-elect's donald trump fiscal clans. the country's largest radio operator is trying something new to clean up its balance sheet. could a subscription model keep the company from going bank of -- bankrupt? jamie dimon talks about detroit's survival. we will bring you that coming up next. first, julie hyman is here with the latest. looking at the latest margins first. julie: this is the first back-to-back decline for the dow since the election. strength,en that much we have seen 20,000 get close to but not quite there. people are already away for the holidays. a little bit of a holiday low. that is doing exper

i set wn with jamie dimon to talk about the motor city's economic recovery.r the strategies used here could be replicated elsewhere. and even though he will not be a member of president-elect trump cabinet -- gave a statement on the president up can make real change. >> done properly will have fast growth in america. >> that is all coming up in a

but jamie dimon privately said he despised donald trump, okay? didn't like his policies, trade policies, attacks on immigrants, so these people think in their heart of hearts that he is erratic. neil: these meetings have a pr value. >> yeah, and part of it is to teach the person to tell the business community, well, he's not insane. neil: really quickly, goldman, lot of goldman folks populating this cabinet. >> another possible one as we've been reporting on foxbusiness.com is gary cohn, the coo. neil: wasn't he teased for the omb. >> he wants out of goldman, he's been itching to get out of goldman for a long time, and now i think he sees his landing pad being a high-level cabinet appointment. he was in trump tower earlier in the week. i couldn't put o and b together with gary cohn because he's not the numbers crunching type. energy makes sense, he's going to get o and b or stay at goldman and get nothing. neil: he's a reasonably young guy. who what do they get out of this? it's not about money, anyway. >> it's the prestige. neil: it's the presti

a conversation with jamie dimon. recent newsbout first. i am sure the audience is as interested as i am. job were you interested in? did you turn it down? dimon: i love what i do. i said i was always not hope i did secretary of treasury. when i look as recently as september, when i look back at what you saw in the next administration, after the outcome of the election. you said you thought it would be very difficult for wall street guys to get confirmed. landscapek at the that we have. we have several wall street figures. some of them you know very well. including gary cohn from goldman sachs. from exxon mobil. what do you think they will bring to the administration? is this a good thing? dimon: i was dead wrong when i said you will not see a wall street person in washington and retention. the republicans are in charge and they have not been antibusiness the way you have seen the democrats largely be antibusiness for years. i think that if you're going to be a president you should have the best people sitting around the table. i think it is

now also jpmorgan shares up 60% during that time and, of course, jpmorgan ceo jamie dimon the incomingusiness roundtable. more coming up after the break. keep it right here on cnbc. today, i am helping people work better... and also feel better. i am helping hospitals personalize treatments using billions of data points. and working with medtronic to predict the highs and lows of diabetes, hours in advance. and i am working with orreco to use biomarker data to boost the performance of athletes. hello, my name is watson. working together, we can outthink anything. hello, my name is watson. ♪ ♪ hello, my name is watson. get up to $2500 customer cash on select 2016 and 2017 models for these terms. see your lexus dealer. >>> we're back. shares of costco after posting a gain, a miss on the top and bottom lines and credit suisse reiterating its rating, raising to $175. we've made it our call of the day. who likes costco? we don't talk about it enough. >> love it. >> own it? >> i don't own it here. i missed it this morning, judge. they came scrambling in to buy the $160s that expire, you know

a conversation with jamie dimon. the stock about recent news. the audience is as interested as i am. speculationlot of about you going into the administration as treasury secretary. wouldn't you turn that job down >> i love what i do. i'm not ready to do something else. i give a lot of value to america . when i look back at what you are talking about what the next administration would be, you said you thought it would be very difficult to get confirmed? now we have several wall street figures, some of whom you know very well. when you are looking at the cast of people, what do you think they are going to bring? >> obviously i was dead wrong. tepublicans are in charge. the democrats have largely been antibusiness for years. i think it is a mistake for the american public to casa libby told if you work for a bank, you work for this, that automatically makes you back. these are very qualified people. these are people who will hopefully do a great job. atyou think when you look that sort of shift, that this has been a reset moment for the industry m

this, that it's almost as ridiculous as saying, you know, if -- that donald shouldn't talk to a jamie dimon about bank regulation because they're ceos of a bank. i do own companies in every area, but as far as i'm concerned i don't have any specific duties. what i'm going to be doing is basically talking to donald as i've talked before and i do think it's important, extremely important, for this country that there's absurd regulatory environment is toned somewhat. i'm not against regulations at all. i sort of believe that you need a rule of law. but it's become literally absurd in many areas. and it's sort of like companies that i've been involved in all my life, you know. over the last is 30, 40 years and pretty successfully cleaning up companies. there are good companies, good ceos as there are good regulators. there are some that are completely absurd and companies just as in the government. and, you know, frankly you almost get enraged by some of the stuff. >> what exactly will you be doing? how do you anticipate this role playing out for you? and what specific regulations will you targ

megan: just ahead, dimon sounds off on populism world wide. jamie: they want a wrecking ball brought to these governments. they want change. megan: and what he expects to see on american immigration policy. jamie: we are not going to kick 11 million people out. ♪ megan: you also talked quite vocally in recent weeks and years about education, immigration, and infrastructure, and the parts that those will play and how much you will spearhead those initiatives? jamie: one of the greatest disgraces in this country is the fact that in a lot of these schools that 50% of these kids don't graduate in high school. even those that graduate are not necessarily job ready. i look at that and say that is a crime. that is a disgrace. that is america at its absolute worst. we are allowing it to happen. and these kids don't have opportunity, and they don't have the opportunity we all had at one point in life, and we have to fix it. when you hear the government say make this free. it's not whether it's free, but whether it ends up that you are properly trained for a

he will not be a member of president-elect trump's cabinet -- jamie: i don't think i am suited to be secretary of the treasury. megan: dimonke on where president trump can affect -- effect real change. jamie: fixing corporate taxes, immigration, trade, all done properly, we will have faster growth in america, and we can fix those problems.

jp morgan, jamie dimon very bullish. don't think the narrative changes about pro of had growth until the end have the year and into inauguration. i don't know what happens after that. i'm going to stay with the cyclical bias between now and then. >> he makes the point clearly that will people have gotten too negative, and that was wrong. now people are getting too positive, and that, too, is wrong. it's somewhere -- >> we just have to figure out where the middle is. or you guys have to figure out where the middle is. >> you made the point at the top of the show. the economy is better. the economy is better, and trump hasn't even put in trumponomics yet. >> it's marginally better. >> i can list a whole bunch of things that were better than expected. gdp, consumer confidence, cycle high. all of the manufacturing data much better than expected. companies are now talking about a little bit more confidence. i actually think that is the margin better than just a little bit better. >> can we look at an xle today? the xle essent

morgan chase's jamie dimon. in the issue available next thursday. oliver: we will talk to one investor who has bad news if you are counting on double digit growth next year. we will look at stocks less than an hour from the clothes. a little bit of green on the screen, but less so what we saw a earlier. the dow doing well. .he s&p up 40 basis points the nasdaq up, as we see straight in markets, despite coming off the highs -- strengthening markets, despite coming off the highs. this is bloomberg. ♪ oliver: this is bloomberg markets. i am oliver renick. scarlet: and i am scarlet fu. oliver: time for the bloomberg business flash. chemical giant dupont will release -- pay around $50 million for releasing pollution into the river. the company used mercury to manufacture rayon from 1920 92 1950. some of the toxic chemicals seeped out and spread downstream. scarlet: j.p. morgan chase is looking to sell structured notes online ad is looking at a website that will help brokers offer the securities according to people wi

rishaad: jamie dimon speaking to bloomberg businessweek. business issue out next thursday, it will be a good read. sophie: china challenges. how the u.s. is affecting the country. ♪ ♪ storieslet's get to top in asia, china treasuries have dropped the lowest in six years as beijing moves its currency reserves to combat out the yuan. how big is this sellout? : enough to see china lose its top stop as the u.s.'s number one creditor to japan. we have a chart that illustrates what has been happening. in the month of october, china's holding of u.s. treasuries fell by 1.3 billion u.s. dollars, 1.2 trillion u.s. dollars, going below japan. that was to the lewis -- lowest level since july 2010. it was back in 2008 that china overtook japan as the number one creditor to the u.s., and at some point in the highest point, china held $1.3 trillion worth of u.s. treasuries, but they have been selling those down with the fx reserves as they try to support the yuan, near eight-year lows now. we have seen the fx reserves fall $12 trillion as earlier from $4

ceo jamie dimon keeps his e-mail replace short, sometimes one word and investor carl icahn warren buffett relies on his assistant for his messages. >> everything can be exposed publicly eventually and we need to take that attitude towards it. >> reporter: and beyond security patterson says he's already seen age sglakt has is real empowered the people reporting to me to be more direct. i was able to delegate responsibility. >> reporter: and if you have any doubt at all, don't send the e-mail. come back to it later and then decide better yet have a face-to-face for "on the money," andrea day. >> emake seems like a private correspondence, can you expect privacy when you send one rand there steps you can take to protect yourself and your mess snajs claire garret "zombieland" a director at the electronic privacy information center. claire, thanks for joining us and good to see you. >> hi, absolutely. thanks so much for having me. >> when you're going in to type that e-mail, should you assume that anything you write could be expokesed? to understand that their e-mail privacy is threatened from

stephen schwarzman will chair the panel including jamie dimon and lawrence bank -- fink. jason?e with you. it seems like a big job that the president-elect has asked you to do. how did it come about? >> he called me. i have no donald trump for a long time. he was looking for advice on different appointments into different approaches, and he asked me if i would like to help him form a group to give advice, because they were about to do a lot of different things and it is important to get a sense of, for them, whether they are going in the right direction or the wrong direction. and he said if we could meet frequently and get enough people so we can sit around the table, not in an auditorium, i want the best and brightest in the country. i do not care if they are republicans or democrats. i do not care about anything other than how wise, smart, engaged and a successful they are at running their businesses, wherever they are. and people who have the range of things that go on all over the world, and you pick them. and you tell me do you think we should engage. and i will tell you i

david: that was megan with jamie dimon.rview will appear in "bloomberg newsweek" good business issue. vonnie: before he was tapped to state, rexy of tillerson had his own organization. he would never walk into a foreign negotiation unprepared. joint is just join us for more the story is david marino, bloomberg news oil editor. sense -- you do not want your top negotiator on the intelligence unit, as great as it may be, right? m. that is: exactly right. they are taking big risks in all parts of the world. when they go in, they need to know what is going on on the ground. so, they are taking economic discussions,tic and also, reports from people on the ground, their people on the ground, and news reports from bloomberg and other people, perhaps, and bringing all that together when they go into help make themselves make the decision. david g.: what do we know about this group -- how big it is, who comprises its ranks, and how it is used in the company? david m.: the group takes intelligence from different parts of the company,

>> one thing you should focus on is jamie dimon here.was mentioned as at least a possible candidate under a trump administration for treasury secretary. that was surprising to a lot of folks given jamie dimon is said to be a democrat, though he said he's barely a democrat in the interviews in the past. now, he's not going to be involved in that official capacity at the cabinet level, but will be involved in terms of giving advice and for ceos, a couple of reasons to do this. one is you want to have input on the policy that is advising the president, shaping the nation's economy, and, two, of course, it can be good for your company to get in and learn who is close to donald trump, learn who is involved in this new white house, and have that access and those relationships, all of that very important for corporate leaders going forward. >> thank you very much. >>> all of this happening less than 24 hours after president-elect's trump big event where he announced more than 1,000 jobs at the carrier factory in indiana will not move to where m

the end of the day, jamie dimon, lloyd blankfein, you want to take your troops from jp morgan and goldman to paris, to the boulevard, have a lovely holiday. i'll give you a clue, guys — you'll be back. i'm joined by our economics editor, kamal ahmed. we saw brexit back in the summer. looking ahead to 2017, where do we stand in terms of uk negotiations? everything looks so uncertain. the phoney war will come to an end, britain voted to leave the european union injaw and the practicalities of that will begin next year. —— in june. the british government wants to spark article 50 which starts the process of exit. by the end of march. that is a two year process so that should be completed, we think, by 2019. there are tensions on both sides. in britain, there are tensions between those who want what is cold a hard brexit, fully out of the single market and the customs union, able to sign trade deals around the world itself, with no reference to the european union. and those that want a softer brexit, still having preferential access to the single market, possibly still in the single market, p

the future asinto jamie dimon talks about his legacy and j.p. morgan chase.: when you look at the world as it is shaping up right now and this administration, what are the things that concern you and the possible black swan events that could be truly disruptive? we made at a list of all the big one since world war ii, korea, vietnam, afghanistan, iran, iraq, china, india, pakistan, vietnam, i am missing a bunch. the globalrailed economy. the at phnom had a huge effect, but only 1, 1973 crisis, roiled the economy. geopolitics is always noisy, but with little effect. there are more wars in the middle east, uncertainty around the nuclear risk, iran, russia, north korea. north korea has a bomb and will soon be able to deliver it to california. assessment.my that is the assessment of people in the government, two years or so. that is a serious issue for the world. i worry about that and peace in ,he middle east, but in reality bad policy, doing things to make it worse, government shutdowns, not fixing the school system. you want populism and want to get worse, don

jamie dimon, i think of him as the nation's top banker. he runs jpmorgan.he american public to constantly be told if you work for an oil company or bank that automatically makes you a bad. he's the nation's top banker. it seems to me he's implying a change of mood by the government's attitude towards business. >> look at makeup ofrump cabinet. they have background in business, they know how to grow the economy and jobs better than the career diplomats we had in the past. stuart: do you get hate mail? >> no. sometimes you get a scolding. stuart: what you are saying is the direct opposite of what democrats are saying. you could be partially criticized for being bullish on a trump economy. >> the only concern is with faster growth and reduced regulation you will be looking at morris can down the road. this recovery has been around for some time. it's more than 7 years old. it's getting long in the tooth and it becomes more difficult to get growth. i think they will do good enough to provide real consumer spending growth 23.5% to 3%. 4% may be hard to realize.

he will not be a member of president-elect trump's cabinet -- jamie: i don't think i am suited to be secretary of the treasury. megan: dimonn where president trump can affect real change. jamie: fixing corporate taxes, immigration, trade, all done properly, we will have faster growth in america, and we can fix those problems. megan: that it's all coming up

as jamie dimon pointed out, q4 looks like another bumper.onathan: things look good for q4 building a q3. we could get more in the pipeline. cost-cutting doing even more. it will be a struggle for lenders in the year to come, shirley. -- surely. >> we have italy and the story during the routes about that applying for esl loan. we have a new credit restructuring plan on the 13th. we know deutsche, rbs. are by no means out of the woods. a lot of this stuff has been right side now. technology investments will begin to pay off. only citigroup is the one trading below the price targets. what will do from here rolling into next year given everybody has now rallied above its average price target. jonathan: they have to play catch-up. great to have you with us on the program. i was looking back at j.p. morgan, the february lows when everybody thought the road was going to end. the stock up since then almost 60%. david: is a good investor. jonathan:. alix-- not bad. alix: still with us is david rosenberg. this is the chart that i struggle with. hopefu

this weekend, you can hear the co2 jamie dimon in conversation with bloomberg's business week. her scheduled to see the lineup. that is it from us. down to several market opens. to watch.s the one we did see a bounce back yesterday but futures could continue on the declines. the rest of the region looking not much better. we have more next. this is bloomberg. ♪ david: did you feel that there was a glass ceiling? >> terrible people that said to me, i do not think a black person could ever be ceo. david: september 11, tragedy occurred not far from here. >> i cared a great deal about them and their families. do you ever leave home without her american express card? when i am at home it is always with me. >> will you fix your time, please? david:

the chairman of the president strategic and policy forum that includes business leaders such as jamie dimon larry think, and mary barra, this according to the press release out a few moments ago. they will be called upon to meet with the president frequently to share their specific experience and knowledge on jobs. first meeting will be held at the white house during the first week of february. blackstone ceo stephen schwarzman will be the head of that forum. nejra: it is crunch time for italian voters. prime minister matteo renzi with the referendum vote on sunday. he is trying to change the government to streamline things. as italians go to vote on constitutional reforms, they are deciding whether the senate needs to be curbed back in terms of the power it has and take back local authority stronghold. what the people in the markets are nervous about is that matteo renzi has staked his own political future on the outcome of a referendum. he wants a guest to the referendum. he has said repeatedly that he will step down if there is a no vote. italy has had 63 governments. we may see more pol

he will not be a member of president-elect trump's cabinet -- jamie: i don't think i am suited to be secretary of the treasury. megan: dimontrump can affect real change. jamie: fixing corporate taxes, immigration, trade, all done properly, we wilve

exciting news with jamie dimon stepping into the business roundtab roundtable. ivan seidenberg did a good job leading them, stevenson, but jamie is in a class by himself. up to now the trade association, most of them, don't look like the right place to go. he's going for individual companies, individual people. there's no shared fate. they're not there to support a business leader being targeted. when it's by name, respond to the company's specific point of view. don't come back with slogane sloganeering either. quoting anne rand or david ricardo, the god of free trade. >> you look at jamie dimon in this new role, prominent to begin with. apparently there were discussions behind the scene on whether she be treasury secretary. but he will have to go out and represent not only jpmorgan but the business community on different issues, some of which may be at odds with president trump, president-elect trump, did he put himself in the cross hairs and jpmorgan? >> it's pretty exciting. jamie dimon could be the bernard baruk, if not thinking that the -- the jpmorgan morg

the white house will include ofhtness of the -- titans the corporate world, which will include jamie dimon, and my iger. boss, bob this is surprising and impressive. with you make of the corporate giants signing up to help the next president? john: we have been having the discussion in our world of politics and media since trump was elected of normalizing donald trump. candidate inormal a lot of ways, violated a lot of norms and ways of doing things. thats inevitable if he won there would be capitulation on the part of a of people who fought him before. this group, any republicans, some democrats, this is a sign that normalization is not complete. it is abnormal in a lot of ways and should be treated as such. a lot of people in the political world are saying, this is it, he is president-elect. he will be treated like a normal president. mark: it was not long ago when he talked about certain people that might serve in his candidate and they would tell people quietly i'm not serving in a cabinet. surprised. the recruitment of this group, even just an advisory meeting, and i won't say stunnin

bringing highlights from an interview with one of our biggest names in finance, the jpmorgan ceo jamie dimon with washington's bureau chief. outlook for the industry will be discussed, along with the president-elect donald trump. coming up, high-profile hacking and cyber security threats come to the forefront of the public's mind this year. the biggest threats from verizon, one of the fastest-growing cyber security startups in the u.k., next. ♪ caroline: the office will focus on spectacles, the camera equipped sunglasses. the move is unusual because snapchat itself is banned in china. snap's new office has 20 employees so far but the company is said to be recruiting from the likes of baidu and tencent to build its team. leaks a personal user data showed on social media will be one of the major service security threats. it's not just individuals that have to deal with rising threats online, it's also huge issues for corporations and government around the globe. our next guest faces this every day. trace,if the ceo of dark a rapidly growing cyber security firm headquartered in the united kingd