how is this restructuring different from what jamie dimon has orchestrated a jp morgan? >> is it so different? i don't think it is. it's kind of about time for these people to see more senior leadership decisions. the job is very interesting. bank of america was struggling to keep up with the top three when it comes to investment banking. you've seen them game a little bit of market share. they lost very significant people recently. jack mcdonnell moved over in the last couple of weeks. it was announced this week. this is a war for talent. you have people who have been at these banks that have been waiting to shine for the better part of a decade. lisa: how we talk about wages, entry-level wages for some associates come into these banks. it is middle-management that is getting squeezed. to we have a sense of how this bank is trying to reshape itself as big tech or compete with the technology companies for new talent across all ranks? that seems to be the tone we've heard. >> technological change really has to happen at the core banking level. the lending businesses, how

imagine if jamie dimon said, you know what, the s.e.c.'s got sketchy behavior and i've got to school him david, who regulates jpmorgan? >> the fed. >> and s.e.c >> yes i think the fed is -- >> jamie dimon -- >> the fed's in there every day, they got a lot of people who live at jpmorgan and every other bank. >> he doesn't know anything and good luck to him sketchy behavior david. >> jamie dimon has more credibility if he were to actually choose to publicly lament something, it would be taken perhaps more seriously because he's jamie dimon probably the singular guy in the financial services industry. secondly, probably would know enough not to do that, and why do you want to choke me? >> musk makes cars and he can poke fun these guys make finance, no fun. gensler taught this at m.i.t he's going to school them, welcome back cotter. >> your dreams were your ticket out, right >> doesn't take long for him to do that to me, to treat me in what i regard to be a contemptuous way. >> really? >> never, of course not. i never do that. >> how come you

morgan's ceo jamie dimon said his bank is preparing for the worst and it would be cataclysmic if thet ceiling were not raised. laura: thank you. to japan now, where the governing liberal democratic party has chosen a new leader, fumio kishida. he will become prime minister within days after a tight election. the previous prime minister resigned after less than a year in office. his handling of the pandemic was unpopular. >> he will soon be the 100th prime minister after winning the ruling party's election. fumio kishida, just like many other lawmakers in japan, comes from a family of politicians. the former prime minister is known as a moderate liberal and is expected to steer the ruling party slightly to the left. he is known to stand for stability. he h long been seen within the party as a consensus builder and future leader who had the backing of his elders. >> today i will with all my energy get straight to work. work with me. >> mr. kishida is well known for his advocacy for nuclear disarmament. he took then president barack obama to see hiroshima in 2017. he needs to gain the s

jamie dimon, i think, deserves a lot of credit for his courage. he says we americans have to get used to being number two. we'll be wealthier on a per capita basis. both bide season and trump have said china's not going to surpass america, quote, on my watch, unquote. but everybody's thinking about beyond that 5-10 years in advance when china either will be a major adversary that's stronger than we are or not. i think that's where the daily confusion that affects the market so much comes from, liz, basic ambiguity about chinese intentions that allow this debate to go on in america. liz: isn't it a better idea that we somehow figure out how to engage in business dealings with china but somehow keep the upper hand on that business dealing? i mean, surely we do a lot of things better than they do when it comes to create i.. i remember speaking to the ceo of electronic arts years ago, and he said, you know, i go to china for manufacturing, but i come to the u.s. and france for the creative ideas that come out of the gaming minds. >> right. liz: so the

well jamie dimon making a big call when it comes to the debt ceiling.say about ongoing dramas on capitol hill, and what wall street and democratic insider robert wolf thinks of all of the d.c. dysfunction. >> let's take a look at your markets right now you do have, you know, the dow and we were not at session lows but we're pushing it dow is down 309, s&p on 18, tech-heavy nasdaq is up 41, we will be right back. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. i'll shoot you an estimate as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com. that bui

stuart: move on to jamie dimon, top banker in america, most famous banker.ove next year. what exactly is the sharp move and why are they going to be forced into it? lauren: hiking interest rates and pulling back stimulus because inflation might prove not to be transitory. at the high prices don't ease, this is a quote from dimon, the fed can't always be proactive. i mean sometimes they're going to have to be reactive. meaning the fed could be forced to hike rates next year to counter inflation. powell and co published forecast for rates in a few hours. look at fedex numbers. the labor shortage hit earnings by $450 million. up front cost, paying workers more money. the cost of having problems throughout the system because you don't have workers to deal with it or supplies that you need. >> dimon saying, got to deal with inflation, probably next year. that means higher interest rates. fascinating. fed chair jerome powell will hold a press conference 2:30 eastern this afternoon. that follows the decision-making process. 2:30. watch out. bob doll with us, obviou

lee, you are probably one of those who have said it with all due respect to jamie dimon, whether they start to pull back in december, january, february, does that matter to you? >> as long as they are going to do it. if they change their mind and keep it going another year, that is a different story >> all due respect to jamie, it doesn't really matter. if it causes a reversal, then that would be pretty big news. does the tapering start in january or february or november, that doesn't really matter >> knowing our viewers, it will come in some language like we now find it appropriate to maintain and accommodate a policy longer than expected. that's the kind of mumble we'll get that might actually move the needle on what people think about the fed. >> making it up but you did a really good job there. that's pretty good you are absolutely right the language is nuanced. we are spending time trying to read the tea leaves. you make those statements and markets react. it is a bit of mumble, jump bell >> thanks. this is my 25th year now you heard about that goldman sachs note the house moving

jamie dimon's waking up this morning going, yeah. jonathan: it depends on where you pick on the curve. the belly of the curve is where this rate hike debate is playing out. lisa: this is the question. can the fed afford to remain as loose as they have promised? jonathan: you can take your pick to explain whatever story you want to explain this morning. we have work to do, equity futures coming in. we are negative almost .1%. yields are higher by three or four basis points. tk, very focused on the oil market this morning. we are at 74-82 -- 74 dollars $.82. lisa: we are going to hear from one of the many fed members speaking through the week, through the day. i want to hear what he has to say on the idea of supply chain disruption, higher oil prices, inflationary input, and how much is slow growth in a way concerned about. this is interesting in light of the near 1% yield on five years -- five year bonds. you can see the yield climbing to some of the highest levels we have seen going back to february of 2020. talking about the legisla

. >> that's what jamie dimon hinted at in an interview overnight. bingo, because i think that's where guy would fall >> i can't run anymore so clearly i am not going for the hills. there is no question that in terms of our world, steve, they have done everything since october of 2018, they have done everything extraordinarily well, telling the market what it wants to and needs to hear my concern all along has been there could potentially be a misstep. these are my swords. -- words this corner they are painting themselves into gets smaller and smaller and i see less of an exit strategy available. that remains my concern. that said, good for them >> do you know how a guy can pitch an almost perfect game, give up one hit, lose the game and nobody remembers the game, it wasn't a great game if the fed ends up getting out of this, reducing qe, getting to zero and gradually returning rates without a major outbreak in inflation, then you are right, it did everything right but if it ends up with an inflation problem, maybe it got more than one hit. maybe it

jamie dimon telling reuters he does believe that the crisis will be avoided but that jp morgan is preparinglt. he says it would be catastrophic if there was a failure to address that limit. coming up, we are talking about the energy crisis in europe. it is cause for great concern. anna mikulska, energy studies fellow from rice university, is with us next. alix: this is bloomberg markets. i'm alix steel. brent oil falling from that three-year high of $80 a barrel, unable to withstand that pressure of u.s. equities heading for their biggest decline since may. let's get some insight from anna mikulska, energy studies fellow from the rice university. are we seeing demand destruction or opec response? anna: we have seen a resurgence of economies around the world and there is a good chance many countries can still pick up a relatively high price. depending on which economy is able to take more oil, we will see it winning the oil wars. not sure about the demand destruction. at some point, since we are still not out of the pandemic, and that is what complicates all of the above. amanda: when it com

. >> reporter: jamie dimon, we also listen to this.treet, jpmorgan's ceo warning the us default would be catastrophic will make every time this comes up it gets fixed but we should never get this close. i think this whole thing is mistaken. one day we should have a bipartisan bill, get rid of the debt ceiling. it is all politics. it will react to the impact on jpmorgan's clients. heather: he's worried about the debt ceiling and i worried about christmas and supply chain issues. >> reporter: it will impact everything and you should be worried. stocks tumbling yesterday. first read on consumer confidence had a 7-month low, people feel the effects of higher prices to your point, the s&p 90, the tech heavy nasdaq 423, jerome powell worried about inflation being larger and longer lasting than first thought because the global supply chain bottleneck due to covid, it has been 18 months but everything from trucks to fires to clothes are delayed, consumers will see prices go higher. the big debate on wall street, if i hear the word transitory o

jpmorgan chase jamie dimon is telling reuters his company is preparing for a potential credit default if debt limit talks go down to the wire and he also says he would support a bipartisan bill to get rid of it entirely. well, raising the debt ceiling, not the only problem congress facing. government is also, government funding set to expire on thursday, and if lawmakers cannot strike a deal in three days, it could mean a government shutdown, plus, still no way forward on a massive $3.5 trillion spending bill with a bipartisan infrastructure bill, still awaiting a vote. seems like there are a lot of clocks ticking let's go to chad pergram who joins us now on capitol hill, he's always a busy guy, and he certainly is doing a lot of overtime these days, chad reporter: the clocks are ticking house speaker nancy pelosi is suggesting that democrats must pair back their big social spending bill, in a letter to democrats pelosi said, "the change in circumstance regarding the reconciliation bill has necessitated a change in our build back better legislation, but not in our values. " this also

so even while jpmorgan ceo jamie dimon warned yesterday that a u.s. default on

. >>> jpmorgan sees jamie dimon warning a u.s. default could be quote, potentially catastrophic. en lawmakers, so far hasn't got lawmakers to hike the debt ceiling. jamie will always chime in. the thing though democrats believe it or not will take more heat with than the gop if anything goes wrong with the debt ceiling. i will ask congressman french hill. i will ask congress about helping you out, the individual investor. get this, 100 federal judges allegedly broke the law hearing a case they had financial interest in. can we trust any institution with power offer our money? we will discuss we've lost in this system. we'll have the details and be right back. ♪. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyou

reporter: jpmorgan ceo jamie dimon says if inflation does not settle down, it might force the federal reserve to act. we will be watching that infamous dot plot. the last time we got the dot plot where which shows where members think interest rates and funds rate should be, they saw a rate increase in 2023. at least two of them. we'll see if inflation pushes up with of those rate increases into 2022. if that happens, neil, brings in the whole question about servicing the federal debt by becomes more expensive as interest rates go up. neil: got it, edward. chad pergram where a separate battle ensuing on capitol hill where democrats are trying to get united on a plan to keep government lights on, spend the debt limit, get all sorts of things done, republicans not so keen on any of it, right, chad? reporter: neil the house approved a bill last night to avert the government shut down and suspend debt ceiling for 15 months but that faces a filibuster in the senate. no one figured out the end game yet. democrats are explaining consequences if congress fails to act. >> interest rates go up.

jamie dimon warning that inflation could get so high next year that the federal reserve might have to jam on the brakes, pull out liquidity and then you'll see a huge reaction, a big stock market sell-off. dimon says he's not predicting that but it's possible that that could happen. the great ipo run continues with toast soaring over 16%. a block from here, a $42 million megamillions winning ticket was sold. no, it wasn't me unfortunately. >> neil: well, i guess i'll see you tomorrow at work. susan li. can you imagine if varney won this? he would be out like a puff of smoke. thank you very much. you know, another positive development today, we and the french have settled our differences. the president talking to his counterpart, france. everything is okay. well, a little bit here and there. more after this. some carriers will give you just one measly entertainment subscription. one is no fun. with verizon there's up to seven entertainment subscriptions with your unlimited plan. that's 7 times the... (laughing) ha-ha-ha! 7 times the... (weeping) noo! noo! 7 times the... (excitedly yell

price above $356,000 >>> ahead of today's fed meeting a warning from the head of jpmorgan chase ja jamie dimoning forced into policy moves if inflation doesn't ease >> obviously, inflation is so high that the fed has to do more traditionally and then you can see a huge reaction. i'm not predicting that, but possible they have to do that some time next year. remember, the fed can't always be proactive i mean, sometimes they're going to have to be reactive >> you are now up to date. julia, i'll send it back to you. >> thanks, rahel >>> out with news on a crypto wallet feature kate rooney is live with chief product officer. kate >> hey, julia, that's right, robinhood launching crypto currency thank you so much for being here >> thank you, kate, for having me >> of course, customers for robinhood have been asking about this product for a long time they talked about it on social mead i a what took so long on your end? why are you just launching it now? >> the customers have wanted it for a while and we have been taking the time, as you noticed. you're right to notice that. for us, three things that

did you hear what jamie dimon said?speaking to reuters and said we are preparing for potential default like we always do. the last time it cost us $100 million for the research and time spent and he said get rid of the debt ceiling, it makes no sense and is all political. stuart: the debt ceiling is front and center of the debate. let's get to the markets, looking at futures in the green. shah gilani, the dow may be up 90, s&p up 16, nasdaq up 71. that is hardly any bounce after yesterday's huge selloff. people are not buying that dip? >> in late afternoon but not enough to turn the tide. investors will wait to see how the markets open during the day but anybody's guess, the 10 year treasury yield is a benchmark investors are watching for and that is the trigger that everyone your program will be watching all day. stuart: why should i buy stocks now? inflation is with us, getting worse i believe, political chaos in washington, make the case why i should go out or any of our viewers should go out and buy stock today? >>

the slightest bit >> liesman, you are talking that they'll continue buying into 2022 you saw what jamie dimon said, i assume, on the possibility that the fed has to do a lot more to tamp down inflation if it gets much hotter and lasts longer than jay powell thinks it might. let's listen to that and i want you to react on the other side. >> if inflation is so high that the fed has to do more traditional economy and then you will see a huge reaction i'm not predicting that, but it's possible they have to do that some time next year >> i mean, you will get more of those kinds of sentiments later in the year and you watch inflation. how do you think about that? i'm persuaded by what jim told me back when we did our jackson hole conference which is the more the fed does now to ease back on qe, the less it's likely to have to do on rates down the road to fight inflation. i think the risk lear that quantitative easing is doing more harm than good. it's interesting john ryding points out there are 1.3 jobs available for every unemployed worker. the fed has done its job it's unclear to me how addition

. >> or if it has to get more involved like jamie dimon wonders himselfor if it stays sticky >> finishthought >> it's okay finish your thought. >> i was just -- i was just going to say that the issue of inflation remaining out of control or otherwise being something to address by bringing forward rate hikes and that to me is a bigger concern and we need to supply chains and the fun stuff about pricing. i think we talked about this yesterday and i'll repeat it and the idea that companies are finding resistance at raising prices and that's good news for the inflation story and may be bad news for earnings stories if you're concerned about the macro situation and that's good news longer tomorrow for inflation. yeah and time to hit on margins steve, thank you that's steve liesman we are continuing to talk about those two major stores and the fed meeting and the situation with evergrande and china. let's welcome the ceo of bnp paribas usa. nice to see you. welcome back >> scott, thank you so much for having me. >> the major stories and i'll ask you about what steve liesman was talking about

we have news out of jpmorgan according to reuters ceo jamie dimon says the bank has begun preparing for credit default as talks get down to the line he supports a bill that would get rid of the debt ceiling but he warns failure to pass legislation in time would be, quote, potentially catastrophic. >>> coming up, the code conference is underway, bringing some of the biggest names in media and tech together. the co-ceo of waymo joins us with carl to discuss the future of autonomous driving. stay with us you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire every day in business brings something new. ma so get the flexibility ofn. the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast bu

about the taper and i'm talking about the things that fed may have to do into next year that even a jamie dimon, for example, throws out as a possibility and what lee cooperman calls a hostile fed. >> it goes through this thing when bull markets end for a variety of reasons and a hostile fed in his words and that's what he's speaking about could have an impact about. what's interesting is energy is your favorite sector energy has moved a lot and energy would have a less dramatic move or an impact, if you will, on the overall market because it's such a small part of the market, right, tom? but you think there's still room to run for energy stocks >> yes, that's right >> i can just add one more thing before tom answers >> let me just interject one thing? >> if i said no would it make a difference because it sounds like you'll do it anyway. >> not at this point >> you're revved up. >> you and jim look for commodity stocks and you will look at oil continuing to move what happens to the increasing cost to oil as a feed stock to aluminum, to steel it's going to hurt margins so it doesn't just evapora

but i don't think -- what is jamie dimon saying that things look better than expected? no, i need someone things look better nan expected. i don't have it. >> what was microsoft. >> >> a dividend a dividend will you give me come on. what was the news there? how about the amazon interview we did had more than the amazon -- the -- that did you read that piece today, you know, wow, we got same day coming plus 300 price target i need something something that makes me say, you know what, this is the moment. >> i got something. >> what about buybacks what about buybacks aren't we getting buybacks >> tax the rich. let me get the dress the buy barkers to me is somethingo someone is saying tax the buybacks >> joe is always talking about the buybacks a as a stimulant to bull markets. >> aren't we're. >> aren't we in the phase of that right now, joe? >> well not if they put an exice tax on buybacks. >> thank you thank you. >> okay, but scott you were at a point i'd like to hear what dr. segal thinks about this. this has been a consumer economy. i think it's clear from the -- you k

we've heard similar warnings from business leaders including jpmorgan ceo jamie dimon and fed chair jeromember the clock is ticking here. yellen reiterated today the federal government is going to run out of cash and the emergency accounting moves by october 18th. >> it is not like lawmakers don't know this. they know that it would be catastrophic. it is so interesting. i understand senator mcconnell says he doesn't want to help the democrats. i get they are in mortal combat but it is another thing being obstructionist. are they really playing chicken with this? >> so far they are and it runs contrary to what janet yellen said. she said she thinks raising the debt ceiling should be a shared responsibility because both parties have racked up the national debt. they both have a role here to play. what is so important, remember, is the debt ceiling if you raise the debt ceiling it is not like you're authorizing new spending. this is just authorizing the government to pay the bills. >> this is paying your credit card bill. >> exactly. not raising the debt ceiling would be like stiffing the cre

morgan chase jamie dimon is preparing for default on debt and calling u.s. debt default potentially catastrophic as secretary janet yellen told lawmakers that the u.s. could hit debt limit as early as october 18th, peter. i know that you're not betting on a default but are there areas that you want to be hiding in this market? should we see continued volatility? >> oh, absolutely, maria. first off, i do think it's important for everybody to chime in and give their opinions. you know, we can't get about the deadline approaching, so it is important for people like mr. dimon to make the comments. i'm not trying to trivialize the issue. we have been through this many times, over ten times and it always does get resolved. that's one point. the second point is, yes, i think there are many companies that are not as sensitive to interest rate hikes mainly service companies where you don't have high cost of goods, you know, you talked to small companies around this country, most small companies are really suffering from inflationary price increases on their cost of g

. >> it ties back to what jamie dimon told one of our affiliates internationally about what would happenn inflation truly did surprise into the next year. take a listen. >> they're indicating, you know, sometime november, give or take a month or two, tell the world they're going to stop tapering i don't know if they're going to describe it, the way it will take a year or something like that you know, that will all be fine if we have decent growth i think decent growth is far more important, than we keep on growing. that's the annex dote for all ills. >> that's not the sound bite i was looking for. >> i like it, though. >> he did say it's possible the fed could be pushed into a sharp move next year if inflation gets too high not saying it's going to happen -- >> if dr. gottlieb is right, it won't happen i think people aren't going to work. >> why aren't people going to work >> they've had -- i'm saying, give it a little chance here call me. >> yes mr. poult, first i want to know why you allowed renegade trading where guys made a lot of money -- >> you don't think -- >> let me finish it's

in the words of jamie dimon and the ceo and chairman of j.p. morgan chase, who brought us to new york. soon after that we went to indiana and elkhart. he said something that was powerful. after visiting pinnacle assurance, he said, if each of us would do what pinnacle does and take 5% of our workforce and make them youth apprentices, we would change the country. that's the reason i left my business, that's the reason i spend 50 hours at careerwise, because i think we can change the country so that 10 years from now we won't talk about the same problems. >> thank you. i appreciate that. >> thank you for my invitation to speak. i completed my registered apprenticeship with pinnacle assurance in denver, colorado and became a full-time journey worker at a business development representative. before my apprenticeship, i did not know what path i would be in. i would pick something random. that's what a lot of people my age do. they don't feel like they have options. but because i feel like i do have options in my apprenticeship. because of my apprent

biggest thing, biggest critique when they backup every major firm backed up by the, i remember jamie dimonsh air with her multimers from peers or something along those lines if you got them in private from what i understand he would have a completely different assessment of joe biden now that's what i'm hearing. the biggest problem is a level of incompetence they didn't realize it was coming and they did not realize they were voting for aoc and bernie sanders when they were voting for biden. one of the problems i heard, biden has handed over economic policy to the far left. moderate joe basically elizabeth warren, aoc and bernie sanders aren't as important as janet yellen and economic policy did you everything that would come true. david: java socialist in charge of the senate budget committee is extraordinary. it is crazy, they cannot believe it. >> what does this mean in reality, it should mean that wall street money will flow to republicans the republicans will have a difficult time raising money to super pacs or whatever but you never know, these are guys. david: i'm laughing because r

maybe square versus affirm if you're jamie dimon.re why aren't we square david, why aren't they square? >> it's literally hip to be square. >> he feels like regulation has been one reason, i think >> right, he feels very hamstrung, not unlike charlie scharf today, although he only had a $250 million at wells. a lot of people, the stock fell $20 billion on a $250 million hit, which is why we don't see wells up today. >> b of a, most sweeping management overhaul in a decade. new cfo, new general counsel, new tech chief as moynihan is consolidating some power it seems. >> in that job a long time already. >> he has. >> remember, he came up from the ranks, a lawyer. but when you speak about what banks are doing the most to advance the social agenda, it's always brian the social agenda meaning empowering people, and i think that we don't expect any of the banks that are listed there to be forces of good, so to speak that's just not true, but the fact is, david, when they lend they charge, okay? >> right >> they have been -- they are the ma

there's still enough old school leadership that understands what i said about culture and guys like jamie dimon'm looking at the marketplace. i'm looking at the infection rate coming down and people want to get back into the world. neil: it doesn't bother me the pajama people, it's the clothing optional and that's one we can spend a long time arguing. all of this at a time when the president has been dealing with these various crises, right? not only the war in afghanistan that ended so horribly, and battling, you know, mother nature as well, walloped his poll numbers. now, what happens after this? ♪ ♪ ♪ monitor, check and lock down you money with security from chase. control feels good. chase. make more of what's yours. now with the samsung galaxy z fold 3 on verizon 5g ultra wideband, there's no more fear of missing out. or as i like to say... (crowd) no mo fo mo! download a movie in seconds, while acting in a movie. hyah! while also writing a movie. game on the go on the fastest 5g in the world. he's cheating! (crowd gasps) (whispers) i gotta go! (vo) 5g ultra wideband, available in many maj

it reminds me like brad pitt won't do a crappy commercial here but over in china jamie dimon will go over there jamie, we are here for you dude. >> basically there, we are the crappycommercial your message getting lost in translation. book him if you can get them on. >> coming up, tensions easing in the evergrande saga. check out shares of adobe falling. this could be a case of good news already priced into the stock and shares up more than 40% in the past six months we are back after this jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the botto

maria: yeah, and this is why i focused so much on this when i interviewed jamie dimon a few weeks agonancial institutions honey pots, licenses to go operate in beijing. walk in there with your eyes open given this massive crack-down from the ccp. we will watch the impact on u.s. investors as well. ali mccarthy kevin simpson, thank you very much for weighing in. nancy, you're sticking with us all morning long. happy about that. great word on wall street. have a good thursday. much more ahead this morning, coming up the department of homeland security confirms that haitian migrants are being released into the united states. they will not say how many. they will not tell us where they are going. texas senator ted cruz calling on the biden administration to take responsibility for the crisis in del rio, texas, he goes there regularly and watches it up close and personal. florida senator marco rubio is here. he is also watching the border crisis as well as china. he has a warning for americans investing in chinese companies. high-tech dressing rooms coming to department stores, can see ess

jamie dimon, genius. maria: i like that story. it's true. thank you, cheryl.e deadly attack on benghazi. remember back in 2012, islamic militants targeted two u.s. government facilities in benghazi, libya, they set fire to the main u.s. diplomatic compound and ambushed a nearby cia annex, the u.s. ambassador to libya and three other u.s. nationals were killed in the attack. joining me now is benghazi security team member, mark geist. thank you for being here. an incredible weekend to mark all of this. do you feel we are any safer today? >> no, i don't. i mean, especially with the debacle of our pull-out from afghanistan and the irony of it, maria, is that the people they that were in charge of the so-called assistance or rescuer, the program in benghazi, are the same ones that failed to bring us home without our own, without any other help is the same group that's in charge of the pull-out of afghanistan. maria: that's right. this is the same group that worked under president obama, that has been begging to get back into an iran deal. look, we know that 113 am