morgan chase as an issue of higher minority workers we have invited jamie dimon several times onto this program he has an attendant perhaps because he was under investigation by the department of justice i don't want to have to say anything you don't want to hardball interview he wanted a softball interview that would talk about his record on hiring minority workers but you know in terms of you mentioned ben bernanke you the former fed chairman alan greenspan did say he was willing to tolerate fraud in the markets in order to have efficient markets and liquid markets and he said this in a calm in a debate with brooksley born who was against the commodity futures modernization act which did see an explosion of fraud and the markets and she warned about that but alan greenspan larry summers and bill clinton won that argument they said that fraud was necessary here we're what we're seeing is mainstream media elites are saying well we're willing to also overlook fraud if you will hire some minority workers whoever the victim of that fraud is on the other side we don't know j.p. morgan settl

in this world that jamie dimon controls like it's his it's his financial system and if you want to be in and participate and complain about his stuff then you should do that but you can exit and just say right jamie dimon you know you know what you could do but here's reuters despite j.p. morgan's record spoofing fine deterrence questions remain they don't think jamie dimon and chief morgan are going to stop that a fine is going to stop them from committing crimes and they go to better markets an industry watchdog recently published its own analysis on j.p. morgan's wrongdoing which covers a 20 year period until 2019 quote j.p. morgan chase has a 20 year long rap sheet that includes at least 80 major legal actions that have resulted in over $39000000000.00 in fines and settlements any other business in america with that recidivist record would have almost certainly been shut down by prosecutors long ago it said however the large banks are effectively shielded against executive prosecution and jail time and that's an injustice and that injustice is felt ripples through the economy and

and jamie dimon can't think for himself he just says what the government's going to say and ok it's for terrorists for bad guys it's for and it's evil to use it within that context it's how she stood out amongst all her peers and her competitors to move fairly into big queen mining and loads of research president worried about how rising prices would increase rising prices and that would boil down to asset allocation so there's a proud $100.00 trillion dollars floating in the investment meant market around the world and you've got the money managers who are guardians of that $100.00 trillion dollars have to usually go by guidance suggested by asset allocation so they've got stocks bonds property commodities and they've been allocating to some small degree on a microscopic scale really bitcoin but as the market value because now it's happened trillion that a trillion and then several trillion little socially show up as a class comparable to precious metals and then the $100000000.00 by the fiduciary responsibility by the legal statute they must allocate to take advantage of the

and jamie dimon's restraining order not with standing. the tangible book value was at $19.50 citi trades at a premium of tangible book. i think bank of america has to trade lower and citi is too cheap. wells fargo's problems run deep. they are running silent and running deep >> comingup, plunging in the after hours session. why tiktok is to blame and rick heitzmann will join us. ♪ ♪ ♪ ♪ "hmm's and ahh's" heard in-call. ♪ >>> welcome back fastly plunging 27% after hours. citing political uncertain tit around its biggest customer which happens to be tiktok fastly had been one of the big winners up 500% before this. tiktok made up about 12% of revenues year-to-date. that was a big hit >> big hit really shocking down 28% on a 5% guidedown on revenues. it tells you the number that's most important up 500% it's up 1,000% from its march lows and trading at 43 times sales expected to go about 50% and then decelerate to 35% growth this is not the company's fault. you get customers you are going to have some of this uncertainty. this is investors'

jamie dimon was saying a u.s. stimulus is needed here.course, we are still seeing a lot of pain in consumer businesses as, globally, citigroup posting their biggest declines in latin america. on top of the pain the consumer is seeing, we are also baroody about net interest income for those businesses who will also see a concern tomorrow. you see how much it has come down. jamie dimon really pressing against analysts who are asking for changes to the businesses in the future. they are saying jamie dimon and the cfo of jp morgan, they are saying they will not make temporary changes to what could be a temporary headwind. vonnie: thank you. amanda, continue. amanda: go ahead. vonnie: i am distracted by some apple headlines. ok, we will say goodbye to sonali. apple took a bit of a tumble, down 2.25%. chinese platforms that were streaming the event canceled the livestream. no reason given so far. three have canceled the event. we will see how that story progresses. &799.hone 12 starts at also watching another big tech player today, amazon. prim

he's jamie dimon from queens >> yes, he is actually >> another queens. >> another queens boy. out there, for better for worse >> anyone from the bronx >> we'll take a break. dow is down 100. don't go away. .uh... boss: doug? sorry about that. umm...what...its...um... boss: you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> laggards this morning are the cruise lines after a week or two of cancellations, royal caribbean offering half a billion in fresh common. rsti sceepow the 50-day for the fit mein stember 24th. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations.

jonathan: jamie dimon's jp morgan delivering the beat, and it looks like city group is repeating thection. figurepoint out, the eps third quarter, $1.40. a little bit of an upside surprise here. i believe we have sonali basak with us. what are we seeing. sonali: we are seeing a beat on revenue, on fixed income. we are seeing loan-loss provisioning higher than what jp morgan put in, but lower than what analysts expected. perhaps wall street has just gotten it wrong compared with the banks are expecting in terms of loan losses. they are higher than jp morgan, so we are going to want to understand why the divergence, but overall, pretty clean numbers here. tom: as we see the numbers come out, we are getting this now in real-time. every bank brings them out , i amently, and jp morgan going to be blunt, i just now got the research done from citigroup. we will see what that looks like. bank, orr. corbat's have they moved onto new management? sonali: mr. corbat will be around to the end of the year, but we will see james fraser takeover next year. than 46% down more on the year. there's alr

a quote that stands out for everyone at the start of summer, jamie dimon said, "this is not a normalon. the recessionary party will see down the road." i am sure he's alluding to the fact that because of fiscal action, we didn't have the income shock. where are we now in terms of disposable income and the amount of cash in the hands of consumers, even as this fiscal package fades into the background? jim: there was a huge increase in income, even as employment plunged, with the plunge in the economy. even now, income is coming off a little bit, and is going to be down again and this morning's report for august, almost certainly, as unemployment reports were down on the month. but there is still a boost from various fiscal support. within consumer spending, good spending is stronger than before the crises, but the overall economy is nowhere back to where it was. certainly, the stimulus part is fading. that is why these talks are going on in congress of do we get another round or not. absent another round, it looks like fiscal stimulus is waning to the point where it turns into a drag

in reality, jamie dimon, michael corbett, they were a little bit cautious. read too much into our declining loan loss provisions. we still think the economy has a ways to go. i think that combined with a mediocre inflation reading, combined to give bond traders a reason to think that the fed is not going to be hiking anytime soon and inflation may not be at 2% anytime soon. caroline: those treasuries that are in some way inflation protected. are going to get any sort of appetite for it? an: a how to train earlier this year. i think a lot of the appetite has waned for tips, for a lot of these inflation hedges. was they big reveal would do average inflation targeting. there is a lot of skepticism, proof you can get it over to percent. breakevens kind of get towards 2%, 1.8% level, even toward i think traders will say too much is priced in. amaine: how can we have reflation trade without inflation? i think the argument would be that ultimately fiscal stimulus is by its nature inflationary and that has to be the next leg of the trade. we are seeing a lot of fisc

jamie dimon sounded positive on the culvert jp morgan. yet today we have news that the vaccine is probably going to looks like, stimulus it is a way off in the united states, people are questioning the blue wave. how confident are you that the upside is going to prevail? mike: first of all, we are positive on the recovery itself. we think we will power through once we get past near headwinds from the election, the second wave of the virus, and uncertainty around the timing and size of fiscal stimulus. as far as the market goes, we are not as positive right now because we are in this range until we get through these things, and as of yesterday, we are at the top end of that range again, so i wouldn't be surprised if this is another resistance level where we rollover. earnings are going to be fine, but the stock market is at the upper end of that band again. alix: that affects the trade you are on right now, right? mike: absolutely. we have been very consistent in our message that once a new bull market begins, you want to roll down the cap

usually jamie dimon is a good progress knost kator on that tim what was your takeaway well, he certainly made a very clear plea for more support for the economy in terms of fiscal stimulus jamie dimon i think has always had a very kind of rational and sober look at the economy and the world. and i think that that sent part of a message people know that banks ultimately are the ultimate barometer trade for the economy. we talked on this show all the time, at least over the last two or three months, maybe six months, where the disconnect between the banking sector and the rest of the market either said there was something wrong in the assessment of the economy or frankly how healthy main street was and banks should be trading better maybe on some level oday's temperature test by jimmy diamond and to the extent either implicitly by citi bank was not all that bullish on the economy. banks have played that story for the last six months? all right. we want to take a check on shares of bed, bath, and beyond. they are spiking in after-hours session. eric chemi has the details. >> the shares up 6

vonnie: jamie dimon just came out a few moments ago and said he is hopeful a biden residency would help to fix u.s. problems. would a biden presidency be better for wall street? jason: it might be better for wall street but i'm not sure about the economy as a whole. the reason i say that is the unemployment rate is still elevated. still at 3.5% in february. just shy of 8% now. think raising taxes -- and this is a wide-ranging tax increase that the biden --inistration is proposing potential but it administration. it would be on income, corporate profits, dividends, capital gains, estates. my own opinion is that would be a policy ever at this point in the recovery. what do you make of what the markets have been doing? to pandemicg back when you saw certain sectors trying to price in democratic policies, for instance, big pharma. it feels as if markets are treading water. is that an assumption that there will be clarity if there is a democratic when, or an assumption that there is little certainty? jason: if you look at the internals of the market, there are certain industry groups like gr

these bankers to be on the street begging and being activist and being like that woke generation jamie dimon will be on the street with a hat get i'm begging for money because the government cut him off yeah the velocity of money is so slow because all of the wealth is hoarded just than 50 americans own as much wealth as 165 american 165000000 americans. if they're not circulating that money they're going to start circulating it if the central banks start pushing more money and causing inflation they're going to be like we better spend it before all these normal people though that's exactly right the income gap will be cured by this digital currency hit the brake enough and so exciting but we've got to go take a break and come back don't go. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being. direct. what is true what is. in the world corrupted you need to descend. to join us on the debt. or a mate in the shallowness. welcome back to the kaiser report imax tatter time now to turn to ch

these bankers to be on the street begging and being activist and being like the woke generation jamie dimon will be on the street with a hat i'm begging for money because the government cut him off yeah the velocity of money is so slow because all of the wealth has hoarded just than 50 americans own as much wealth as 165 american 165000000 americans. if they're not circulating that money they're going to start circulating it if the central banks start pushing more money and causing inflation they're going to be like we better spend it before all these normal people though that's exactly right the income gap will be cured by this digital currency hit the brake enough it's so exciting but we've got to go take a break and come back don't go. seems wrong. just don't. let me. get to see how this day comes after. and in detroit because the trail. when something find themselves worlds apart we choose to look for common ground. he said. it is not. the most companies he knows. his company. goes from getting notices to c.b.c. . news he. will tell you a list. welcome back to the kaiser report imax key

provably accurate because look at the money velocity number it goes straight down to 0 because jamie dimon and his friends on wall street keep the money and they buy you know huge chalets in the hamptons so america and some dysfunctional after country are almost exactly the same in this regard now here's the problem with understanding by the central planners in america. the system is corrupt and they need to go directly to the people with these checks and what this money is that this will mean the end of asset price inflation and the beginning of consumer price inflation in a big way that'll be out of control which means that the u.s. dollar now like the last 20 minutes on the titanic so might just described is about to go belly up so speaking up belly up who we're going to look at some seventy's style sort of place and looking like it's coming but i just want to quickly wrap up on the fed story is like when the congress agrees to issue a stimulus check they have to go to the market and borrow they have to issue a u.s. treasury bond here the fed what they're going to do with this is just a

getting elevated to higher and higher positions and they get rewarded and celebrated as heroes jamie dimon hated big queen at $10.00 and we talked about it he did the 100 he hated it at a 1000 and well he loves it at 13000 to show you how this has worked i'm going to show you a 24 teen headline from our j.p. morgan chase c.e.o. denounces bitcoin as terrible predicts its downfall in the article he says is a terrible store of value it could be replicated over and over it doesn't have the standing of a government that wasn't $750.00 big queen was in the news so he was saying it's a terrible store of value. the $12000.00 leader like he's now his bank is pushing and we'll get into that headline right well he's not alone in being 100 percent wrong about declaring there is no area roubini paul krugman peter schiff and a whole list stiglitz another no bo winning in correct call on bitcoin and there's still a huge and long list because for the reasons that we said it was going to take over the global economy those reasons now been accepted more and more by the global popular.

these bankers to be on the street begging and being activist and being like the woke generation jamie dimon will be on the street with a hat get i'm begging for money because the government cut him off yeah the velocity of money is so slow because all of the wealth is hoarded just than $50.00 americans own as much wealth as $165.00 american 160 $5000000.00 americans so if they're not circulating that money they're going to start circulating it if the central banks start pushing more money and causing inflation they're going to be like we better spend it before all these normal people though that's exactly right the. income gap will be cured by this digital currency hit the brake enough it's so exciting but we've got to go take a break and come back don't go. really . need much needed help with them he said. just. how long. is an awfully long time i don't know but i'm also the most companies you know so i've been a good who says you know please not emotional when i meet. those companies he most people almost yeah no screaming nobody goes from didn't you know it's risky to say he is pro you p

these bankers to be on the street begging and being activist and being like the woke generation jamie dimon will be on the street with a hat get i'm begging for money because the government cut him off yeah the velocity of money is so slow because all of the wealth is hoarded just than 50 americans own as much wealth as 165 american 165000000 americans. if they're not circulating that money they're going to start circulating it if the central banks start pushing more money and causing inflation they're going to be like we're going to spend it before all these normal people though that's exactly right the income gap will be cured by this digital currency i hate to break it up it's so exciting but we got to go take a break and come back don't go away. was a pandemic no certainly no borders just flying to nationalities. doesn't work. we don't. need to be. judged as coming every crisis like this. we can do better we should be. everyone is contributing to each of our own way but we also know that this crisis will not go on forever the challenge is creating the response has been so many good peop

you also have jamie dimon saying there are big benefits to having people back in the office.s month, he conceded the path back to normal is going to be a very long path. back to you. tom: might be a slow grind. a quick check of your latest business flash headlines. south korea's two top carmakers are taking a combined hit of almost $3 billion due to costs related to last year's settlement of a u.s. class action suit over engine defects. hyundai is setting a 51 $.8 , the --to with kia the lawsuit alleged a defect that could cause powertrains to catch fire. midmarket carmaker renault is aiming to shake up the luxuries seen by turning at alpine mark into a rival for ferrari. the 65-year-old sports car brand was revived after two decades of being dormant and has sold barely a thousand of its model this year. the ceo things alpine has a big future and has already rebranded the renault formula one team as alpine from next year. this is what it looks like market wise. jakarta came on at the top of the hour. one of the few markets moving to the upside. otherwise, we are following on

every year that goes by, people find a little more comfort the jamie dimons who weren't involved aretting a little more into it myself. my brother john has been into it multiple years i think we are all adapting to it slowly, but we are adapting some of us have probably gotten there too slowly i am in that camp. this is a category that's been on fire. i know it's volatile but a category that has gone parabolic versus the markets >> i think the next thing is to go to the broader currency market i just think you have to be careful. the legitimacy is there, no question about it. people just have to do their work >>> coming up, shares of ups what can be expected when they report earnings tomorrow one day we'll look back and remember the moment that things, for one strange time in our lives, got very quiet. we worried over loved ones, over money, over our planet, and over takeout. let's remember this time when so many struggled to feel secure, and build a future where everyone can. because when the world seems like it's standing still... that's the perfect time for us to change it. it's t

if you remember back to jamie dimon last week, saying i am either $10 billion over provided for a tough the economy, or $20 billion under provided. these guys had $89 million. the market had them penned in for $89 million. the visioning is a lot lower. the dividend story remains intact as he leaves for a new era, and he could not be drawn on that tawdry issue of m&a. the chairman is not looking for a bride. i just wonder who they would like to dance with. mean, i will see if i am in contention for that. 's terms of the stock performance, that is in line with the swiss index, pretty flat over the course of 12 months, although the analysts are bullish about the return potential. what does all this mean for the ceo's legacy, mr. sergio ermotti's legacy? you spoke with him many times? manus: i think when it comes to shareholder return, sergio ermotti said he could have done something -- i said if he could have done something differently, what would it be? he said i would have tipped things in favor of cash versus share buybacks. his intention was to return money to shareholders. if you look

jamie dimon on the left-hand side of your screen, he does not expect to return to normal anytime soonld on a second, when does he think we will get back to normal. susan: what is normal. that has to be defined because if you think about it remote work is here to stay but the middle of next year is what jamie dimon is saying 2021 summertime, june that's what he said in a recent podcast and also at the asset management conference on friday, as many as 40% of staffers could work from home even after the pin demo, even 60% is a new full capacity, last month j.p. morgan called training stuff back to the headquarters and then a kobe case set workers back home, j.p. morgan amy for 15 - 25% capaci capacity, jamie dimon is that the local regulation and the lack of a vaccine impersonal circumstance will likely make. in impossible into the middle of next year at the earliest. stuart: that's what i thought was normal return to. either way it was a year ago, he is not talking about that. susan: i think the world is changed we need to accept that. stuart: but that would not be returned to normal, t

if jamie dimon is asked, five more years is often the answer, for the last 10 years.i would say. right now let's go to the presidential election. kevin cirilli joins us, our chief washington correspondent. i don't want to get into polls and all of that. i know you are exhausted from the day today. who is the silent majority now? you don't remember spiro agnew. i do. there is a silent vote out there somewhere. identify that silent vote right now, kevin cirilli. kevin: go to center puts a when you and on the outskirts of central pennsylvania -- two pennsylvania and on the outskirts of central pennsylvania. those individuals who are looking at the economy and looking at what they feel are some ill each members of the cities, will they show up for the polls for president trump? i am really struck by just how the republican machine in operation is not trying to make a coalition, but trying to amplify -- not trying to do a traditional coalition, but trying to amplify conservatives to show up to the polls. tom: what is the democratic machine doing to get there silent vote ou

jamie dimon yesterday morning about the pain ahead. the people that need the most help our small businesses and the unemployed. more stimulus will increase a chance of a better outcome. if there's a double-dip, there will be consumer pain-and-suffering. what is your take on the stimulus talks and how long can they lag until we start to see this pain? think roller coaster sums it up very nicely, really. as john said, it seems difficult to imagine them now finally coming to a deal before the election, and then it just becomes a question of timing and market narrative. there is no doubt that the real economy needs extra stimulus. -- it'sthat paycheck key to cushioning the downturn. if it now means that we need to --t until new administration if it's a democratic one in you get the must -- much bigger stimulus, the interesting question for the market will be will they look forward to this much bigger stimulus in the future, but that does mean that may be q4 and q1 growth numbers are much weaker and we start to see much lower spending as th

jamie dimon indicated some caution earlier this year. results we are seeing now with lower write downs does this indicate that the economy is in better shape and the banks are poised to do well in the coming quarters? marty: actually, it doesn't reflect any of that. was fighting this as we were going into it, this new accounting that creates this dynamic. if you look at credit cost, true costs,crusts, ash credit absolutely flat to last -- credit costs to last year, absolutely flat. it has been so bad as we went through the downturn in the shut down in the shutdown and second quarter that the accounting forced all of this build of provision, so the earnings were getting hit just on expectations and guesses of what was going to happen. it wasn't real losses. the thirdt we have is quarter economic activity gets better while the accounting forces provisions to fall dramatically, which is why you have such dispersion out there with people trying to estimate what the provision is going to be. they haven't really locked in yet to this accountin

jamie dimon said a decent stimulus package would be helpful and a double dip would cause considerableng. democrats and the white house still locked in a stalemate over stimulus. both senate republicans and nancy pelosi have rejected a $1.8 trillion. jamie diamond opted not to have low mass. >>> the international monetary fund lowered its global forecast for 2021. the group says 5.2% increase in global growth next year. the imf estimates the economy will shrink by 4.4% in 2020. a less severe forecast than it said before. it will cause a rare increase in extreme poverty. we'll be right back. from vmwae helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running. you are creating the future-- on the fly. and we are helping you do it. vmware. realize what's possible. to give you the protein you need with less of the sugar you don't. [grunting noise] i'll take that. woohoo! 30 grams of protein and 1 gra

we hear from a host of financial ceos, brian moynihan of bank of america, jamie dimon of jp morgan.hat i am looking for is how much of the moment, slowing if we don't get another -- the momentum is slowing if we don't get another fiscal support plan from washington. jonathan: sterling weaker, now unchanged at $1.29. on the s&p 500, positive three points, up around 0.1%. in the bond market, yields come in a single basis point on the 10 year at 0.72%. here are the headlines from prime minister boris johnson. a canada style deal won't work for our eu partners. it is clear the eu is not willing to offer the same deal as canada. it is time for businesses to get ready. he goes on to say, "we will prosper as an independent nation." the british prime minister in the last couple of minutes. tom: you see it in sterling, moving around as well. this distinction between australia and canada is a huge deal, no pun intended, and it really speaks to, as he says in his headline, a new independence. another headline, if there is fundamental change, we are willing to listen. when does that change come

jamie dimon is going to be speaking at a fund management industry event.ery interesting to see how he characterizes the recovery ahead of earnings next week. they have been cautious when it comes to how much money to have set aside to cover loan losses, and yet the recovery has continued to surprise to the upside. jonathan: earnings season sneaking up on us all. your price action shaping up as follows. equity futures fading off of session highs just a little bit. fiscal talks, we have been turning the volume up and down on the same song for the last three months, and i am not sure what progress we have made. in the bond market, yields come in two points to 0.76%. in euro-dollar, we reclaim a $1.18 handle. bond levels, record lows, italy, spain. the covid cases in spain and france, the restrictions getting a little bit tricky on the continent. tom: we just saw that come across to bloomberg, on the government of spain acting against the government of madrid. these are the socialist leaderships of the nation going after the conservative leadership of madrid,

jamie dimon talking about that. a lot of eyes on earnings.ropelling the entire market forward again and again. of course there is a logical reason for that amid covid. you talked about potentially more restrictive lockdowns in europe and here at home. those are the stocks people are going to, those are the companies benefiting whether peloton at all-time high. we were making fun for the company being overpriced. that is benefiting from exactly the type of covid related restrictions. we're not out of the woods yet, technology powered the market forward, just as it has been throughout the entire pandemic. neil: when you're looking at technology, jonathan, you know, whether it is the nasdaq 100 or almost any etf sort of pegs its success mutual funds, apple, facebooks, googles, et cetera, do you remember that as a longer term thing or get ahead of itself? how many times have we stopped ourself to say that yet inexorably marchs on? what do you tell investors? >> neil it is amazing to see how markets do change over time. technology you could say is

. >>> jpmorgan chase ceo jamie dimon the latest to say the u.s. congress needs to pass another stimulus bill to save the economy. democrats have already passed a bill in the house but republicans have said it's too expensive. president trump who has been all over the spectrum on stimulus has tweeted go big or stay home. siding with the idea of a bigger stimulus. a split in the republican party with the senate saying it's too expensive and the president wanting it. then again a week ago, exactly a week ago, the president said all negotiations should stop until after the election. >> yeah, just one week and three weeks to go. rt will, scott. >>> happening today food lovers salivating over the indoor reopening of a popular san francisco restaurant. the sf gate headline says it all. reservations booked solid at the house of prime rib. if you've been there you know how popular it is. this is video of the annual event the niners hold there. that's a lot of beef. enjoy as long as you were lucky enough to book early. >> i feel like i'm watching a flintsto

. >>> jpmorgan chase ceo jamie dimon, the most recent financial leader to say the u.s. needs to pass another stimulus bill to save the economy. democrats passed a bill in the house but republicans have said it's too expensive. president trump, who has been all over the spectrum on this, has tweeted go big or stay home. kris and laura, one week ago yesterday he said he would not stimulus until after the election. today it's go big or stay home. >> tough times. thank you, scott. >>> making it in the bay is getting a little more affordable if you live in san francisco. rents there continue to drop during the pandemic. realtor.com finds san francisco last month saw the deepest rate drop anywhere in the nation when it comes to studio, one bedroom and two bedroom homes. rents are down between 21%. the top three cities that saw the steepest drops all here in the bay area. san francisco, santa clara and san mateo. >>> well, speaking of real estate trending this morning, it certainly is good to be king. >> in this case we mean king james of lebron fame, he's gone viral for his d

more focused on the strength in commercial, corporate and investment banking, not to mention ceo jamie dimon's management it was a very fine quarter if you have to wait for the inflection in the yield curve, you might miss what happened here how about the other solid money center bank of america. on tuesday these guys reportedly a good quarter small earnings beat with a modest revenue miss. wasn't a great quarter unlike jpmorgan, bank of america took a pretty sizeable provision for credit losses. i think that's why the stock got hit. means they're showing less forbearance. if you're a shareholder, you might like they took their medicine and that sets them up for better earnings going forward they're not pushing off problematic loans until the middle of next year. the excellent ceo, brian moynihan, told a pretty compelling story about a strong start to october spending by consumers remains solid. up 10% year over year. the positives still elevated loan demand stabilizing. might have seen that trough in september. this is a much better result than it seemed which explains why bank of america sto

. >> we heard something a little different from jp morgan and jamie dimon, saying look, revenue and tradingght not get your bonuses you are accustomed to. you do not want look back for regulator so banks are trying to buy back no dividends and all of that. i wonder how many follow suit. the bank may actually be higher which in some ways might be what is being reacted to hear. down to 20%.unging this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aeros

so i think what jamie dimon is saying is this. you need an image.nto that huge lobby and look up, feel yes, i really made it. he is thinking 50 years into the future. he thinks we'll have a vaccine and the office is still going to exist. i say, amen. stuart: you were earlier referring to difficulties from working at home. i take it referring to your own situation where you're looking after two young children at home, that correct? >> yeah. i mean you learn to adapt and make working from homework. so yeah, you're productive but i think it is a different type of productive when you're in the office, absolutely. the good news is, you save yourself commuting time, right? stuart: yeah, you do. probably some money eating lunch at very expensive new york restaurants too. lauren, we take your point of the we sympathize. it is easy for me. i don't have young kids at home any longer but you do. you're a champion. that is what you are, lauren. lauren: we can give you my kids for a day or a morning before the show to see how it goes and videotape it. stuart: ok