to creep up. $71.50, supplies being drawn down that's one of your bigger movers today. >>> first jamie dimonitting down for an exclusive interview with cnbc overnight in india he was talking everything from trade tension with china to the big rout in emerging markets leslie picker is breaking down all the dimon headlines. >> don't call it a trade war don't do it. that's the big headline from the jpmorgan chief here's what he said overnight. >> it's not a trade war. it's a trade skirmish. the american government, our president, is right to raise issues about china we would like to see a nafta deal done. the strategy about fixing it is different. it's unclear where we will get to if you look at tariffs on 200 billion, just make believe this all got passed to american consumers, they have to pay another $20 billion, it's a $20 trillion economy so the economic effect is not dramatic there is an effect on the psyche, the mind, it could become a trade war right now it's trade tit-for-tat. hopefully we'll get to >> dimon also talked about global growth and said for the most part central banks are h

the other question is could jamie dimon actually beat donald trump? i think that's a fascinating one and unknowable because of dimon's point which is probably right that he couldn't get the democratic nomination. the question is what has donald trump's candidacy in 2016 done to the potential field of candidates in 2020 i think it's just sort of ripped open a lid on the type of people who can run for president of the united states. it used to be senators, governors and maybe some generals and that was it now i think you're going to see a whole crop of business leaders, reality tv people, celebrities and others who look at this and say, you know what, i can do what donald trump has done and in their own heads they'll be thinking i can do it better so i think 2020 will be a wild election season where we see a lot of untraditional candidates enter this race on the democratic side and possibly the republican side. >> maggie haberman of "the new york times" says it just seems like the why not me caucus is growing larger to your point david, we have had a sch

plays after all on "mad money" my exclusive with jamie dimon. i've got the chance to sit down with the ceo in my hometown as the bank expands to philly you're not going to miss this. >>> then, is there still meat on the bone when it comes to investment in animal health? i'm eyeing the latest play in the space to take the tape now, i got to tell you something, there's a very special appearance by adam schefter, espn's most high-profile news breaker with a terrific new book so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brai

i know we had to be thrilled when jamie dimon. do we have the sound bite of jamie dimon carrying on? let's go to that full screen, if we may. and this is jamie dimon, the chairman of jpmorgan chase. here we go. he was saying he could beat trump. oh, man, it proves i wouldn't make a good politician, i get frustrated because i want all sides to come together to help solve big problems. jamie dimon is lying because he wasn't trying to solve a problem and wasn't trying to bring people together. his ego got way ahead of his mouth and the rest of him -- >> certainly not the first time. what's happened is because donald trump got elected, who is also a successful businessman, every one of these guys think if he can do it, i can do it. the uniqueness is he can tap into ordinary working people. jamie dimon couldn't tap into an ordinary working person. lou: he said he's smarter than trump. jamie dimon is a bright fella. he isn't that bright. i would say they're close in iq, and jamie, as i recall, was a baker scholar at harvard business sch

eastern more with jamie dimon.gan brennan, mike santoli at post 9 to talk about a net bullish argument on the economy, no real potholes 3% growth can continue with some caveats on trade and how some tactics are not the way he would go about it. >> little hesitation on the trade issue with china is pursued. consistent honestly with how the market treated things. i think how jamie dimon characterized things before, these are good big picture issues to raise. $20 billion which would be the u.s. cost on 200 billion of imports is not that big a deal in terms of the size of the economy, but risks of it getting exacerbated. i think it makes the kind of sense a lot of ceos are trying to make of this. to me it was consistent. a little softness in middle market commercial lending. not sure what to make of that. >> he did mention with tax reform that corporations maybe need to borrow less. that could be a reason they see softness in lending on the business level that got my attention. and share buy backs and he sees putting $

i don't think he is saying that jamie dimon is a bad guy.t the same time, this is a man who can be very spiteful. what can a regulator do, though? the president cannot call the federal reserve of new york city and say i want jp morgan's fortress balance sheet to be revealed as not one. >> he can call. he can do anything he wants. i'm not sure the call is going to be well received or that anybody is going to do anything. it wouldn't seem to be much on a practical level but conceivably can be done. that said, you spent a lot of time talking about tony west and the litigation that was undertaken by the department of justice. when it came to the likes of jp morgan -- there are certainly levers that can be pulled. i'm not saying that any of them will be. i'm just thinking of that as one example. >> you are so right. tony west is one tough guy. if you did say the wrong things and you didn't -- and you asked for more documentation about why the penalties should be 14 billion versus 17 billion, it wasn't like that. the traditional due process, the b

morgan ceo jamie dimon cheryl casone. to comments that dimon made to employees yesterday at the time boosted he could beat president in 2020 election saying he is tough as trump and smarter back tracked those comments, built within the last hour president trump tweeted this, the problem with banker jamie dimon running for president he doesn't have the aptitude or as smart as, and is a poor public speaker nervous mess otherwise he is wonderful made a lot of bankers others look much smarter than they are with my great economic policy, okay, well, it is primary day in new york, governor andrew cuomo's campaign answering questions about a controversial flyer set on you the about his opponent cynthia nixon a pain worker it considered expert for jewish community hit 7,000 mailboxes in the neighborhoods, nixon has two jewish children called mailers sleazy dplabd an apology cuomo denies knowing about mailer "new york post" reporting cuomo's advisers drafted it approved it. tesla losing top executive, justin, the vice president of

ma overnight reiterated his call that trade frictions will last 20 years >>> jamie dimon has down played fears over global trade tensions calling them skirmishes. but speaking to cnbc dimon added he does not see a resolution to the spats coming any time soon >> it's not a trade war. i call it a trade skirmish the american government, our president, is right to raise issues about china we would like to see a nafta deal done. the strategy about fixing it is different. it's unclear where we will get to if you look at tariffs on 200 billion, just make believe this all got passed to american consumers, they have to pay another $20 billion, it's a 2$2 trillion economy so the economic effect is not dramatic there is an effect on the psyche, the mind, it could become a trade war right now it's trade tit-for-tat. hopefully we'll get to resolution i don't expect a trade war i also don't expect progress before elections you have to wait until after november to see progress >> what would can't quantify a e war? >> more countries getting involved, people stop investing money because they're not sure

lauren: i think it's statements like that that we like and jamie dimon, right?ot going to go there. i'm curious at the present takes the bait. lauren: 7:00 a.m. is when he usually tweets. we have video from a google, the google bosses were hysterical after the election of 2016. >> take this as a grain of salt. you decide if it's a smoking gun. the video shows google executives pursuing their colleagues after donald trump won the presidency. >> certainly find this election deplete upsetting and i know many of you due to. >> it did feel like a ton of bricks dropped on my chest. i think we all need right now is a hug. >> and i moved to canada >> anything positive you see in this election? >> boy, that's a tough one. >> in other parts of the video they going to say that the election is the result of people in voting and they accept the results, but google issued a statement saying nothing was said at that meeting or any other meeting to suggest any political bias ever influences the way we build or operate our products. our products are built for everyone, but check

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. >>> and comcast winning a $40 billion battle and jpmorgan's jamie dimon speaking exclusively to our own jim cramer about his big push into retail, trade wars and where the u.s. economy goes from here we'll break it all down. "power lunch" starts right now >>> and welcome to "power lunch. i'm contessa brewer. stocks down across the board, sitting near session lows. the dow posting its biggest drop since early august the s&p 500 and the nasdaq both lower for a second straight day. oil rallying brent breaking above 80 bucks. hitting its highest level since 2014 news on an $18 billion merger. shares down 30% since last wednesday. but check out amarin, reducing heart attacks and strokes. the ceo joins us later in the show, tyler. >> thank you very much, contessa i'm tyler mathisen welcome. we begin this hour with breaking news apparently deputy attorney general rod rosenstein will meet with president trump on thursday, apparently forestalling a resignation or a firing for now this is a perfect day to have eamon javers in the news room, and here he is eamon, what is the latest? >> tyler,

cnbc's jim cramer sitting down for an exclusive interview with jamie dimon earlier today. n getting candid from everything about his stock to a run for office but it's something that he said about buybacks that had karen hot and bothered so we're going to play not so fast. we're going to play a clip of the interview and whenever karen feels so inclined she'll say not so fast and she'll elaborate on dimon's point. are you ready, karen >> of course i'm ready to watch jamie dimon. >> roll the tape. >> growing our business is far better for the economy right now we don't have a lot of choices, but over time i would prefer not to buy back stock i also don't buy this argument that it's bad. buying back stock is simply giving it back to you, the investor, who redeploys it to a better use >> not so fast not so fast. not so fast. let me talk to you a second here on buybacks. first of all, it's not just giving the money back to the investor, to someone who sells it, it's more that you're buying back your own stock. if you think, as you said, we don't have so many choices right now, w

jamie dimon was at a philanthropic event yesterday. i can beat him because i am smarter than he is. morganimmediately j.p. said he made a mistake. this is why you love jamie dimon as a journalist. he will say anything on his mind. that's why his communications director says don't say things like that. david: the following quote from jamie dimon. alix: it's like, president trump, just ignore it. jamie dimon will not run for president in the next two years. he can't do that. let it go. go work on trade and figure out what we are going to do with china before we have a bear market. fight, donaldin a trump in a fight with rosie o'donnell. he went back-and-forth. i said, just leave it alone. let it go. alix: he wasn't running a country. it was a different kind of publicity he was getting. it does set the stage for the midterms and the election in 2020, just how violent it could become in terms of rhetoric and how it will be something. i asked republican strategist that question. he said it will get worse in terms of the rhetoric, really nas

jamie dimon and his allies like gary cohn are tied to wall street and hillary clinton's ties to wallurt her in her election. charles: i thought john kerry who went wind surfing, i thought about mitt romney. but president trump tapped into something whether it was eating mcdonald's on a private jet. but he made people think, hey, i connect with this guy. he understands what's going none this country. the american taxpayer feels like it has been so out by bipartisan globalists. he understands, we made bad trade deals. we sent our jobs overseas. we stuck it to the middle class on taxes, now we are spending on taxes in nation building. i keep on telling people, i have been involved in politic for 20 years now and this guy showed some of the best instincts and was able to understand where the american people were in 2016. he beat hillary clinton, and the most of important thing is one thing on the campaign to trail to say you are going to do something, but it's different to go into office and have the guts to have significant head winds. that's the other thing i would say. i don't think t

i can't wait until monday when we interview jamie dimon, the ceo of jpmorgan. right here on "mad money." i'm jim cramer i'm jim cramer i will see you tomorrow! >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ with what they believe are better, safer cleaning products. hello, sharks. my name's kevin tibbs. and i'm tim barklage. we're the founders of better life, and we're requesting $400,000 in exchange for 7% equity stake in our company. [ chuckles ]

liz: jamie dimon said -- just today. >> jamie dimon said he would be a better president than trump, he'sr, he's richer. liz: he earned his money. his daddy didn't give it to him. >> then he came out, his p.r. guy, very capable guy, said jamie, this is the president of the united states. he has a lot of power over banks, he runs the treasury department which has got some back door regulation. liz: you think it was off the record? >> no. i don't know. you are never off the record. liz: they were at an event announcing a very big important -- >> inside the building. presumably he knew there were reporters there. here's what i would say about jamie. he attacked obama as well, class warfare stuff. he speaks his mind a lot. he clearly doesn't like trump's rhetoric, his attacks on people like lebron james and the way he's leading the country, and he doesn't like the trade stuff. i can tell you that he hasn't spoken with trump for a long time, mainly over trade. they used to have more of a direct relationship. that has kind of ended. maybe it will rekindle after this, that they make up. here's t

i don't think jamie dimon can win. trump comes across, says some really outrageous, buffoonish stuff sometimes, but he is a pretty amazing retail politician. he gets out before the crowds. he out-hustled hillary clinton. liz: could you just see jamie walking through the crowds. he's not afraid to talk, to high-five. he's got that scrappy queens personality, too. what are you talking about? >> i don't think he's as good on the retail politicking than trump. trump is very good at that. he's got other negative stuff, because we talk about him constantly. including sort of a personal toxicity at times from dubious business stuff. liz: this is all moot because he says he's not doing it. >> listen, jamie dimon would be a good president, if you think about it. very conservative on fiscal issues, very moderate on -- liz: knows how to run a gigantic financial operation which is the united states of america. >> why did that translate into being president? liz: charlie, thank you very much. we are coming right back. the dow is st

if that's what jamie dimon says, i don't have a view.call him out on it on the other hand i hope he and the other bank ceos are looking after shareholders with a company like citigroup, lower than it was precrisis, we hope citigroup is looking out than interest with other people's money >> i have to run last point and i want to bring it back current. what in the world is going on with goldman's stock what's the deal? >> we were on your show. we said we would like to hear from david solomon, the new ceo. we've yet to hear from david solomon. we'd like to hear what are the key financial metrics he's looking to what are the key business areas he'd like to allocate resources, and what is up with the new management team which was named yesterday. and so we want to see how that plays out. we need to hear from david solomon. i would love to be back on your show once we hear from him until he comes out it will be longer time frame for goldman sachs. >> it doesn't bode well for the trading numbers when the companies report, right? goldman's stock

caroline: i want to go back to jamie dimon. tell us a little bit about whether that factors into and investors viewpoint when you suddenly know donald trump is unpredictable. do they really want to see the ceo be more unpredictable as well? already knewestors jamie dimon was an unpredictable person in the sense he is outspoken. i'm not sure if that is what changed their investment outlook but he gives them another data point to work off of. scarlet: jamie dimon is the leader of jpmorgan, but lately, he is losing his rains a little. he is delegating more to his lieutenants as well which is a great interest to investors and certainly rivals. tell us about what he is doing there. michelle: succession is a huge topic of interest. in january, he officially delegated more responsibility to his copresident so that was just a sign that this individual who had kept a firm grip on the time -- for a time might be setting up. to lead he says no but to notes. joe: he took it back in about two seconds. talking about how outspoken he is, he c

a lot of people ask jamie dimon. he says no. >> it would be nice to see the financial crisis in a debate. you take him at his word. >> i take him at his word. a lot of people around him want him to do it. >>> "early start" continues. the latest on the united states supreme court and the latest on the carolinas. >>> i feared he may inadvertently kill me. words of a woman accusing brett kavanaugh of sexual misconduct decades ago. now even some republicans want the committee vote delayed. >>> record flooding in the carolinas in the wake of florence. death toll is climbing. we are live in north carolina. >>> and would you quit your job halfway through the workday? why one nfl player says he ditched football for good at halftime on sunday. >>> rough start in buffalo

the impact of the trade war or trade skirmish as jamie dimon would call it.ight now a look at premarket winners and losers in the dow. caterpillar leading the way. stick around, "squawk box" will be right back. >>> welcome back an investigation into mark cuban's dallas mavericks uncovered a two decade long culture of misogyny and harassment the investigation found no evidence that cuban participated in wrongdoing or even knew about it he spoke to cnbc yesterday >> first an apology to the women involved a couple women were assaulted. not just to them but to their families because this is not something that just is an incident and then it's over it stays with people it stays with families and i'm just sorry i didn't see it i'm sorry i didn't recognize it. i hope that out of this, you know, we'll be better. >> adam silver calling the findings of the investigation disturbing and heartbreaking >> if you ever had an embarrassing typo in a work e-mail or even worse, if you get a tattoo -- >> i've seen them. you think would notice but employees of cathay park airline

jamie dimon the other day in india made a comment about the emerging markets listen and respond to jamie concerned. you have -- put turkey and argentina aside where you have serious issues, the rest of the emerging markets are doing quite well america has gotten stronger. the dollar has gotten stronger that's good for the world. the world is growing so the emerging markets, it's more like teething pain. and they're not all the same i don't think they should evenes anymore. >> i think jamie dimon surprised a lot of people with that. do you agree with him? >> emerging markets is a large definition not every emerging market is built equal. there is one common feature. the fed hiking because of the strength of the economy here, that's impacting the ones who are indebted in u.s. dollars having said that, i see a lot of them taking measures, working on their budgetary issues, or currencies, and the dollar potentially whaeakens over time some of these countries will have a better chance to thrive or recover we have a 3% ten-year yield. are you surprised at the strength of the u.s. markets given

jamie dimon's name came up.critical of the president, saying he was smarter than the president. the president responding to him. what do you think of this little kerfuffle? >> when it comes to these two, because they're new yorkers, something we don't know about. did they have a beef 20 years ago. when you stepped in front of me during the buff day line? someone is carrying a grudge. neil: they told me there was a backup prime rib. >> there wasn't. there wasn't. the gravy was okay though. neil: they have never been this out in the open about it. i'm wondering jamie dimon has got to like what this president has done as far as lower tax rates all the rest. so what happened there? >> i'm not sure. this is not unlike with the koch brothers pushing back, spending a lot of money against the tariff stuff. listen i get that but no, no two people other than the koch brothers made more money off of president trump's policies from lower taxes to deregulation of their industries, those sort of industries, are you kidding me

because of her having another crisis that means that no no no no jamie dimon is saying that there's another crisis coming yes and it's putting a gun to the white house head and saying you have to buy our stock to preserve my bonus because i'm jamie dimon and i'm itching and you're just clubs you're the serfs you're the scum you say america are stuck. ok saying that right now these preloading is crime he's preloading his crime and let this is them i'm going to read you get away with it i'm going to read you the actual words written by j.p. morgan right here these are the words of j.p. morgan the next crisis is also likely to result in social tensions similar to those witness fifty years ago in one thousand nine hundred sixty eight in one thousand nine hundred sixty eight t.v. and investigative journalism provided a generation of baby boomers access to unfulfilled information on social developments such as vietnam and other proxy wars civil rights movements income inequality excedrin similar to one thousand nine hundred sixty eight the internet today social media leaks documents keiser report

. >> no indication from jamie dimon. if we get a slowdown, companies may buy a little less of their stock back >> the big risk is tariffs and the impact on margins. you're finally seeing some wage inflation which is helping the consumers and there's one thing that if you look at q2 guidance, they are talking consumer strength i don't think the earnings picture is that clear that expectations have risen but i don't think they're extreme. >> what's the house view on the ten-year and just the premium and how small it's gotten, and what do you think really would impact stock prices if it's not, you know, if we're not going to worry about the curve, then what would we worry about >> my next question we've gone 22 minutes and talked about all of these potential risks and inflation. the word the fed hasn't even been mentioned yet how much of a wild card is that and it plays into josh's question >> it's a gradual negative it is eating into margins slowly when you look at earnings margins won't get impacted until fed hikes if you

jamie dimon is a banker. he did say the bad taste of ten years ago is with him.did not shywants to make edua again. i thought it was significant >> his response to and answers being that i said a lot of stupid things in my life i think that points to his strengths if he did one go out on a stump he has a genuineness to him that i think some people really connect to, even when it comes to calling himself out >> of course, they lost so much money at jp morgan i said something wrong, whatever he said he has done stupid things you don't hear anybody in business saying they did stupid things, interestingly enough, his bank is the biggest bank and the most successful bank what are other guys doing? really stupid things or dumb things this man is winning. it is a winning thing. >> comcast is no long erwer wing jim. it is down it is down of a third of a percent this morning after a significant decline yesterday after of course winning the bidding for sky with a very significant bid, one thatvalue the company at some 15 times since 2019 estimated ibita disney is up again

says he ceo jamie dimon is done with politics and blames much easement for his claim -- machisimo foris claim he is smarter than donald trump. he says the current administration is handling the economy well. last week he boasted he could beat the president in an election. >> i should not have said it. more out of frustration and my mo. much you simao -- machisi it proves i would not be a good politician. nejra: thank you. let's take a look at live pictures. it is 1:22 p.m. in the philippines. rescue efforts are underway where a building collapsed due to a landslide, the result of the typhoon. tens of thousands of people have evacuated. 50 people have died. those are live pictures of the rescue effort. turning to emerging markets is the end of the route insight? it could be nearing a bottom according to franklin templeton investments. the firm believes countries will suffer like the philippines. a market looking less favorable is india, goldman sachs downgraded the nation's stocks. the risk reward looks less favorable. for more, let's get to our guest, the chief fx strategist at societ

. >> neil: that was jamie dimon 22 years ago. who is that guy interviewing him?oes the time go? do you ever wonder about that? no comments on my hair or that suit and tie combination. i'm vulnerable today, people i don't need need it. anyway all of this comes as we go back and time and remember over the course of history and financial history here people popped up on this show and dead the darn test things maybe a political career or not. former white house economic advisor gary cohn saying that jamie dimon would indeed make a phenomenal president. this as reports that michael bloomberg is seriously considering a run for the white house as a democrat in 2020. so, did president trump actually open the gates for guys with a lot of money to consider running themselves? let's ask a guy who has a lot of money who could run for president but i think is he quite satisfied with life in retirement the former hynes ceo bill johnson. bill, good to have you. >> good afternoon, bill. how are you? >> neil: i'm fine. what do you make of the back and forth jamie dimon said no he

perhaps some of the less contentious comments coming out of jamie dimon over the last couple of hourspportunities for those who have been left behind. as long as they address two out of the following four topics, jobs and skills, small business growth, neighborhood revitalization and financial health. ultimately, jamie dimon said all corporations must step up to help change the status quo they live in to help create a better future for all. >> it's all about the implementation, though, right? >> yes. but conceptually, all good. >>> coming up, mike allen as a look at this morning's one big thing. then coming up on "morning joe," bracing for the impact because we are just hours away from hurricane florence hitting the carolinas as officials are begging residents, get out of the path of the life threatening storm surge and flooding. bill karins is going to have the very latest for you. >>> plus, democrats are gaining strength with less than two months before the midterms. what if anything republicans can do to keep control of congress. "morning joe" just moments away. (burke) that's what

two big interviews with jpmorgan ceo jamie dimon. with jamie dimon, monday on cnbc >>> it's been a couple of months since sports betting was legalized outside of nevada. up next, we'll tell you how much is being bet and where the money is going >>> plus, cleveland browns fans celebrating their team's first win since christmas 2016 we will tell you which company is right in the middle of the party, next on "wepor lunch. ♪ celebrate good times, come on ♪ >>> the cleveland browns won a game yes. they only beat the jets but it still counts baker mayfield came in when the browns starter got injured and led the browns back from a 14-0 deficit to win 21-17 the browns had not won the previous 19 games. in fact, their last win was christmas eve 2016 and that means it is time to celebrate. crack open the beer fridges. bud light putting locked beer fridges in several bars the cleveland only to be opened when the browns won bingo. you got it. >> all right >>> plane betters around the country may be celebrating the browns four-point win. why? bec

and then there is this, jpmorgan chase ceo jamie dimon apologizing again for comments he made about president week he is smarter than trump and could beat anymore an election, but he quickly apologized, and now he is giving the president credit. >> when president trump was elected, confidence skyrocketed. consumer, small business, corporate, and because pro-business, pro-competitive taxes, pro-some regulatory reform and that has helped the economy. >> dimon also said he was speaking out of frustration, and he's got no plans to run for president, dagen. and those are your headlines. dagen: erin, people criticize the president for being blunt and speaking his mind and using saucy language. well, look who is blunt and uses saucy language too, jamie dimon. >> that's true, but he couldn't beat trump, i tell you that much. there's no one like trump. he connected with a certain demographic of the american population felt they had no voice, and that's how trump won this election. dagen: do you think that another -- because, again, it does seem very interesting that somebody from the business communit

recently the comments about beating trump. >> what's interesting about the jaimie dimon interview, jamie dimoneople has been going on for a few years about about rising rates and what it might do to the economy. that's where i will look next week given the recent pop in longer term yields, whether or not that continues and the trend continues because. >> worried about the unwind of qe. >> he has gone on about that some time, early on that like a lot ever us. >> well i don't think he was saying disaster. but he thinks it's a challenge because the system hasn't gone through exactly that in a while. >> he says people could be surprised how quickly rates rise once momentum gets behind. also if we think about a week ago barkley had the financials conference we heard some guidance about loan growth was soft just a sense of how things are going in the economy the other thing the wells fargo significantly cut in head count. jp morgan of the big banks is the only one increasing the branch count interesting time to talk to him and the fed meeting. >> all right any mystery into the fed meeting? >> no but

love lucy" moment >> reporter: it is >> kate rogers, thanks >>> don't forget monday cramer's got jamie dimonrgan. dimon's made some provocative comments in the last couple of weeks. but leave it to jim to get the truth out of him when he talks to him about banking, the economy, trade and a lot more coming up on monday. dow session high was 103 so we're just shy of that as we head into a busy, obviously, week next week with the fed and a whole lot more >> i think monday some of the telecom tech and media companies being one to watch >> short-term micron pain from intel. amd is up 2.5% for once. let's get to the judge and "the half." >>> i'm scott wapner does the best week for stocks in two months means it is time to get even more bullish on the markets? it's noon and this is "the halftime report. >>> what a week. now where will the bulls run, and what sector will lead them will it be the banks having their best week since may? or is tech about to step it up mario gabelli is live and exclusively. plus, big calls on at&t, under armour, and micron "the halftime report" starts right now. >>> and

dimon also apparently said he earned his money. this is a good point, jamie a gift from daddy. shortly after the comments came out dimon walked them back releasing a statement i should not have said it. i'm not running for president. i wouldn't make a good politician. i get frustrated because i want all sides to come together and help solve big problems. >> so jamie dimon, again he goes after everybody, right? this is not just about donald trump. >> he says what he thinks. >> he says what he thinks. >> yes. coming up hurricane florence closes in. forecasters warn about life threatening storm. >>> the president finds himself on the losing end of a number new polls from his response to hurricane maria in puerto rico to the russia investigation. he's a big womp womp. we'll be right back. >> look at those numbers. so i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash b

. >> how he feels about the president jamie dimon, i know you seen this, for everyone, j.p. morgan ceo, here's what he said, i think i could beat trump. i can't beat the liberal side of the democratic party. i'm as tough as he s. i'm smarter than he s. i would be fine. he could punch me all he wants. it wouldn't work with me. i'd fight right back some he later took a walk back from some of his comments saying, i shouldn't have said it. i'm not running for president. proves i make a good politician. i get frustrated because i want all sides to come toke to help solve big problems. -- to come together to help solve big problems. why do you think he couldn't beat liberal democrats? >> i don't know. maybe he thinks they'd be tougher and smarter tan dutch. i have no idea. i think that jamie diupon believes that he is tougher and part iser than druf, that he's made more money than donald trump. and that there are a lot of people on wall street who feel the same way. all of these major business guys look at donald trump and say are you kidding me, he's president of the united state

nancy tengler. >> thanks so much. >>> jamie dimon says he's handed over some of his management responsibilitiesns for the future of dimon and the banking giant. >> that's not all he said today. >> not at all. >> which we'll hear. later details on a another high-profile exit from cbs experience a blend of refined craftsmanship... ...and raw power. engineered to take the crown. the lexus ls 500 and ls 500h. experience amazing at your lexus dealer. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. >>> jpmorgan chase ceo jamie dimon making news today saying he could beat president trump in an election and then was quick to sort of walking it back. >> let's just go over that first because it was very extraordinary these headlines. >> i've listened to the whole thing. we're in the allowed to play the sound. reading it out doesn't capture the whole sentiment. >> we were speaking at a you invest right around 10:00 a.m. he said i think i could beat trump. c

. >> jamie dimon picks a fight with president trump and immediately regretted it. he said he thought he could beat the president in an election. just hours later, the bank issued a statement saying he shouldn't have said that and he would not make a good politician. the white house did not offer a comment. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm taylor riggs. this is bloomberg. ♪ much. thank you so the white house has proposed another round of talks with aging to death with beijing -- with beijing. we see dollar weakness in yesterday's session. beijing welcomes imitation. jpmorganachs and weighed in potential dangers to corporate america if a full-blown trade war wreps -- he trade war errupts. progress. is ideally, the -- any talks is progress. ideally, they do not impose tariffs on each other. sides talko seriously and have an armistice in between. there is no significant sign yet that the mandarin chief, donald trump, on the u.s. side, actually wants such an armisti

jason: you know who does not speak in proverbs is jamie dimon.ary cohn basically said that jamie dimon would be a phenomenal president. i am not surprised. he wants a business leader, he just did not want trump as the business leader. that one.y do not this goes to his whole point. of trumpianttle bit hyperbole in there. some questions last night were around the book because gary cohn is seen as one of the geeks -- were the key sources -- one of the key sources. i thought it important we include his statement about the book, bob woodward's book. david: i love the master class and how you handle these things. he was asked about it and he said it does not accurately portray my role in the interest rate and now he says i have said everything i have to say. alix: the learned something down in washington -- jason: he learned something down in washington. david: a third thing, wall street pay. if you were worried about the bankers, they are back up to where they were 10 years ago. jason: almost exactly 10 years. the pay is the highest in a decade. the

>> i'm a big fan of jamie dimon and a friend down through the years. he has been very kind to me, including my transition to this position. i will leave that to jamie. regarding trade, what i would say is this. tariff barriers, zero subsidies, lower the barriers, let's play by the rules. this is particularly aimed at china which is the worst offender stealing technology and so forth and so on. the president is determined. he inherited a broken trading system, okay? that is important. the world trade organization needs to be reformed. china need a complete overhaul. other countries, including our allies, we can all do better f we lower trade barriers, and give the united states a chance to export, we will do great because we're the most competitive economy in the world right now. we are killing it on the economy. melissa: larry i know how you feel about free trade. i don't want -- >> this is the precursor to free trade. you are going to have, president trump inherited a broken system and as i have said a million times, blaming trump is not right. he is t

this is what jamie dimon said about now versus then. >> it's very healthy.a victory lap because that would not happen today. there will be a recession one day, but it will be something else. david: joining us now is mike mayo from wells fargo. banks are among his expertise. should they take a victory lap? mike: absolutely. thank you, regulators. the capital, you have the strongest balance sheets in a generation. control, the oversight is much more powerful. back then, it was pretty weak. banks are focused on costs. we think they will have the best efficiency in history. compensation, far from perfect, but top executives are incentivized on returns instead of just reckless growth. it's not just growth, it's responsible and wrist -- sustainable growth. it's much more mature when it comes to helping to support the overall economy. david: how long can they remember when they have competitors? -- berkshire have to raise, hathaway's, they have more flexibility. competing against nonbank players. we go to annual meetings, we asked a lot of questions. proxy, bankl o

it's a war of words between jamie dimon, the head of jpmorgan chase and the president.r president, i could beat trump because i'm as tough as he is, i'm smarter than he is and he said he made his money the old-fashioned way, he didn't get it from daddy. as you might imagine, trump responded. the problem with banker jamie dimon running for president is he doesn't have the appear tud or smarts and is a poor public speaker and a nervous mess. otherwise he's wonderful. the president has retweeted some of his past tweets. he rarely does this, retweeting himself. they were tweets praising the economic policy. obviously, the hurricane on everyone's mind. this is a live look from north carolina. it's been getting weaker but it's stalling. there's worry it's going to deliver a lot more rain. president trump says the federal government is ready. >> it's one of the biggest ever to hit our country. maybe it's looking like something could happen but looks like that won't be taking place, unfortunately, now veering away from land. now just four minutes mr. trump tweeted, 3,000 people

as jamie dimon told us monday.me it sounded like a decision to put our largest trading partners on notice that they're going to be supplanted the impact, nothing? i'm flummoxed. it seems the issues that have plagued us for most of the year, trade and rate hikes, aren't what matter. for the moment, the only thing that this market cares about are earnings, sales, growth, and employment so does the strength of our economy trump everything and yes, that horrible pun was intended i would have used the rim shot button but it doesn't matter. this kind of market was inconvooefable six months ago. but i'm trying to figure out what it means. have we had it wrong all along we were too worried about tariffs and trade, or is it possible that today was an aberration maybe not investors took the president's press conference seriously. on the other hand, maybe the economy is just so darn strong that even the canadian trade meltdown isn't enough to faze us into a 'tissy. it's an open question, but we actually might end up liking th