jamie dimon joking that his bank is likely to outlast the chinese communist party.e reiterate his commitment to the country. >> the communist party celebrated its 100th year. so is jpmorgan morgan. i'll make you a bet we'll last longer. i can't say that in china. tom: let's get to bloomberg's senior finance editor. what are the potential impacts of dimon's comments? has there been any reaction out of china so far? >> that is an interesting comment, especially in a year questioning whether the communist party is a permanent fixture. it is hard to gauge the potential impact. we have had jpmorgan morgan and others making a big push into china now. they are looking at, you know, they are looking at getting approvals for expanning in wealth management. jpmorgan morgan earlier this year got approval to gain 100% of its securities venture. there is a lot of business risk at stake for the bank. in terms of impact, we're not seeing any official comments or anything in social media or from local media. they have reported on some of his other comments from the same panel. it i

jamie dimon i'll make a bet we last longer.that remark in china which is known for freedom of speech. when you're in a hole and digging stop digging. someone must've reminded him that the bank is trying to increase the business in china and a week ago he was granted an exemption by the hong kong government to visit the financial hub without needing to quarantine. today he issued an apology saying he regretted the comments and she had never had done that the people. the first owner of the securities brokerage in china. >> is a cultural trait, he did the first one and someone must've told him. he did it again, i'm really, really sorry. the other stuff, this is classic jamie. that's why love him, he shouldn't be correcting himself but i need a little backdrop of what's going on. liz: you can't say anything anymore. >> the chinese lovett, literally in the morning they came out and everybody was like oh my god, what did he do. they came back and issued again because the chinese love to reflect a lot. as part of the thing. liz: espec

what was the risk for jamie dimon?elative swiftness of the apology from jamie dimon really shows how much is at stake for the bank. j.p. morgan has a $20 billion exposure in the country, and you remember earlier, they are actually trying to go deeper into china. from that perspective, it was certainly ill time to read jamie dimon does not want to jeopardize any future growth ambitions in asia, particularly in china which has lots of. he has made rash comments in the past, perhaps given the bank's recent record of profit and share price, hitting highs, it felt nonchalant. he followed up with the swift statement the next day. shery: he does have a history of making provocative remarks. reporter: he definitely does. he has said before president trump -- he would have made a better president and he could win because he was smarter than trump, he did walk that back. when it comes to china, dimon is not the only person, jp morgan is not the only company that has had to walk back comments and actions. the nba, verse archie --

jamie dimon regrets his comments about china's communist party. happy thanksgiving to all of our american friends. let's check in on a terminal chart showing where the markets are pricing in rate hikes. a slightly more hawkish set of commentary out of the fomc minutes. the flattening of the yield curve, stronger u.s. dollar. the markets are now pricing in four rate hikes within the next 24 months. bear in mind we have heard from former fred president william dudley and lacquer, both seeing it between 3% to 4%. that is the cycle within an fomc considering the pace of inflation. data out yesterday pointing to ever higher inflation. a presuming consumer in the u.s.. let's check in on the markets across the asian space. relative optimism, gains of .2%. the future in europe. gains of .5% after ending in the green. looking past the lockdowns and additional measures to curb covid-19 across the euro. the u.s. is closed for trading today. brent, keeping an eye on this. the tussle between biden and the administration and opec-plus. .2%. the u.s. dollar at t

a person asked jamie dimon a question about doing business in china. he responded >> i was just in hong kong i made a joke that the communist party celebrates its 100th year. so is jpmorgan and i'll make you a bet we last longer i can't say that in china. they probably are listening anyway >> well, today mr. dimon walked back those remarks in a statement released by jpmorgan, he wrote, quote, i regret and should not have made that comment i was trying to emphasize the strength and longevity of our company. hours later mr. dimon issued a second apology he said he regrets his recent comment because it's never right to joke about or denigrate any group of people, whether it's a country, its leadership, or any part of a society and culture. >>> the managing director and senior analyst worked in the obama administration and is a cnbc contributor good to see you again. doesn't this show how much power china has on the world stage right now? >> thanks for having me this evening, kelly i don't want to beat up jamie dimon who's in the white-hot lights tonight o

nick marsh is following the story in singapore what did jamie dimon say?d jpmorgan and the chinese communist party are both celebrating 100 years and he bets thatjpmorgan will outlast the ccp. not exactly awful, there i say, not exactly hilarious but when a company has $20 billion of exposure in a country whose entire financial market is worth $54 trillion it is probably best not to take any chances. jamie dimonjust got back not to take any chances. jamie dimon just got back from hong kong where he got a red carpet treatment. the first wall street boss to visit since the start of the pandemic, he was allowed to skip quarantine which is a whole other story in its own right. the point is he and jpmorgan have enjoyed pretty decent relationship with the chinese state especially when you look at the product context of us tension so in terms of whether this is that serious, probably not. there has not been a massive reaction, maybe some eye rolling, it was not a human rights criticism, for example, — he would have been facing a much thorny situation. but when yo

jamie dimon. why does he get a pass?ll some exceptions when you are big enough and important enough you're able to get into hong kong. it is an interesting question if jamie dimon had to make any kind of concessions to hong kong which is still primarily -- focused on reopening with china and was to make sure it does not do anything to create a problem for that relationship. going forward, hopefully we will see some more opening in hong kong, fingers crossed. yvonne: thank you so much for that. haslinda: the senior medical reporter. of course, don't miss that fourth annual bloomberg new economy forum happening live here throughout the week. we will share face-to-face discussions on topics ranging from everything, finance, trade, climate, cities -- andfrom dubai. manus, yeah, starting from the first week of december, you won't be able to do any quarantines, no testing. you can fly direct. that's good news. two years ago we met and we had some henry kissinger saying that china could be on the foothills of a cold war. and he

but first let's talk about this jamie dimon conversation we reported what jamie dimon said the quotealks back the comment says he regrets it your thoughts? >> jamie dimon should have said having we will last longer freedom free people free markets, that will always outlast the communist party, because people innately want freedom they are going to tilt that way. the chinese people all 1.4 billion of them, what are they going to want? they are going to want to make decisions for themselves, and they have learned that if you speak out against the ccp, they are going to disappear you going to shut you up, but look at what message it sends to our markets in the free world if somebody like jamie dimon is backing down to the ccp. we know what they are doing to american companies, that is why why many companies like fortnite like apple, are leaving china, because they don't want to deal with ccp. but there is lessons to be learned whether it is dealing with peng shuai, or whether dealing with jack ma. you look at how they will disappear you if you do not toe the communist party line. maria:

michelle, what jamie dimon is seeing -- saying is nothing new.ics say that this is causing a lot of damage to hong kong's position as a global and financial hub. >> we have seen a growing amount of tension between hong kong, china and the rest of the world when it comes to these quarantine and covert restrictions. it does make it difficult to get any kind of business done here, in addition to any sort of travel for leisure or businesses in hong kong. we see with jamie dimon being able to skirt quarantine, that it is possible that hong kong has a locked down on allowing people without going through quarantine because it wants to reopen the border with china. china is really committed to the covid zero strategy. hong kong is following along and will do everything it can to make sure none of the virus does managed to get through and folks like jamie dimon are really upset about that. but honestly, at this point, thankfully jp morgan needs china more than china needs banks like jp morgan. shery: what are we seeing in terms of giving up the covid zero

mpblsz welcome back to "fast money" jamie dimon doing damage control, walking back comments on china wall street bank would outlast china's communist party. dimon saying today, quote, i regret and should not have made that comment i was trying to emphasize the strength and longevity of our company. j.p. morgan and the communist party in china are celebrating their 100th anniversary. they were basically established on the same day. so, dan, what's your take on this >> listen, we seen this with a lot of corporate leaders having to walk a line with the chinese. you know, there is a huge opportunity for any american company that wants access to their billion-plus consumers i think the number is a billion two. listen, the reason people love jp dimon as a ceo, everyone once in a while sticks its foot in its mouth. we all do it he came back and did what he needed to do there will be back channeling with stuff there j.p. morgan's plans with china will probably be on track. >> i feel like for business people and ceos, there are three things you never want to talk act. right? politics, religion

jamie dimon saying he regrets saying his bank is likely to outlast china's communist party.n a statement, he was trying to emphasize strength and longevity of the company. the latest in their provocative remarks he was forced to walk back on. let's look at this with kathy chan. you have to wonder why they had to issue this apology. what are the stakes? what potential pitfalls stemming from this? >> thanks for having me. it is hard to quantify the damage. i believe it will be intangible and could be material. it will surely cause a hiccup internally in the short-term. we have not heard anything about how it will impact the picture so far. it is too early to tell. we will probably see an impact, it may not be that major. it is really critical to maintain good standing in the country. we believe it will be a bit of embarrassment internally when they see the clients, those party members. it will probably take explanation. >> i'm sure you have been talking to your sources, people asking jp morgan. it is interesting this apology came when china did not say anything in response. ho

jamie dimon said it was not a sincere reflection on his remarks. francine: when i note comments, it does not bode well for members of my household. tom: we will see what happens. there is that parent/toddler kind of dynamic that china sees for at least the communist party sees when it comes to the situations and relationships. francine: let's bring in our markets live team to talk about other things impacting markets. this quite a lot going on when it comes to dollar strength. what does it take for that to stop going higher? >> with the market pressing the fed to raise rates and everyone talking about faster taper, i think there is upside more than downside for the dollar because the dollar is undervalued on my model, and i do expect it to go up by another 3% or 4%. if you look at the carry trade in the markets, last year, carrie trade was a complete disaster. this year, it came back and came back with a vengeance. it was on track to advance at the fastest pace in five years or something like that. i think there is more upside for the dollar, and i

we now appear to have a rolling apology underway from jamie dimon.t comments, it is never right to joke or denigrate a country. the china comments take away from a constructive dialogue that currently exists. that is where we stand. clearly the off-the-cuff remarks last night having a meaningful impact on what jamie dimon and jp morgan are having to spend their day doing today pre-thanksgiving. let's talk about where we are at the european close. this is the picture we find ourselves with. a mixed picture. we are obsession lows. london -- we are off session lows. london leading. the dax under pressure. the car sector being dragged lower. that is weighing on the german market despite the fact we have a new coalition being announced, led by olaf scholz. the cac 40 absolutely flat. it has been an incredibly negative week for european equities. you can see that on the stoxx 600, down over 2%. we have just retaken 480. we were at 490. we faded off of that. we have losses following losses. a couple of big days yesterday, a fairly substantial down day as yi

jp morgan ceo jamie dimon raised some eyebrows with comments about china at a speech in boston.e joked about his bank being likely to outlast the chinese communist party. he also mentioned that for china, taiwan could be "their vietnam." global supply chain delays and higher liver costs won't significantly heard earnings. stronger mine is driving prices to their highest level in years, driven by new equipment. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> we have been working on this release from the u.s. side of things and with collaborations around the world. the president does have other tools in the tool belt as we need them over the coming weeks and months. tom: that is the u.s. deputy secretary of energy. of course, all of this coming off the release during the show yesterday of the spr. how global was it? i never really got a handle on that. lisa: india, south korea, china, the united kingdom came out. you said they didn't -- you said y

does this mean jamie dimon will retire in five years? sonali: it is interesting.imon says he's probably going to stick around for another five years, but not 10. daniel pinto has been the copresident, so io -- co-coo, and he is moving to new york. daniel pinto has been in london for more than 20 years. it has been interesting the last couple of years watching jp morgan take more and more share from the european banks. daniel pinto is also head of the corporate investment bank, a key area and which that has been happening. but as we also know, the footprint in europe is changing with a bigger hub in paris as well. daniel pinto also spends a lot of time in new york. he has been splitting his time for many years now. so leave it to jp morgan with the best statement. a spokesman said this makes the most sense personally and professionally for daniel. guy: how old is daniel pinto, and if they are putting this in place, is he going to stick around for another five years? sonali: daniel is 58 years old. he has been a key deputy. last year, he stepped up alongside gordon

guy: jamie dimon cracking that just yesterday.izing for his comments, saying that he regrets them. if i had $20 billion worth of assets in china and i was one of the most exposed banks on wall street to china, i might be apologizing as well. but nevertheless, he claims he was just trying to talk about the longevity of jp morgan. gina: i think there's a lot of frustration with china in general and the general investment universe of corporate america trying to tap into this gigantic market and generally experiencing a lot of friction. it is certainly top of mind among the investor base, but now we are starting to get a sense as to how top of mind it is in the corporate space as well. guy: he's generally pretty outspoken. he has a lot of things to say about what is happening around the world, never really pulls his punches come but nevertheless, one of the things we have learned recently is that going toe to toe with the communist party in china can have some fairly dramatic effects. how important is china going forward? i appreciate

jamie dimon says he regrets his joke that his bank is likely to outlast china's communist party. rength and longevity of the company. it is the latest in a string of provocative remarks he has been forced to walk back from. let's bring in our bloomberg opinion columnist here with me in london. we talked about this yesterday, the extent to which this was, from a business that wants to do a lot of work in china, a bit of a misstep. how much was this a misstep from jamie dimon, and how unsurprised are you that he's had to walk it back? reporter: dgp morgan ceo made the worst possible joke on china. we have all heard about president xi jinping's common prosperity drive, and a lot of it is because the chinese communist party feels that it's reign over china is not so secure. a lot of chinese feel like the society is going the wrong way. economic growth has slowed. the wealth gap has widened. the common prosperity drive is to broaden the middle class, to bring in the blue-collar workers , the elderly, so on and so forth, and he really made the worst joke possible. anna: so that is why i

jamie dimon ceo of j.p.irm would outlast the communist party in china. apparently he had to walk those back this morning it's humiliating but it speaks to how intertwined our economy is with china. are you concerned about that. >> i'm certainly concerned that we have not gotten any clear idea about where were gonna stand with china and the trade worse obviously there's a lot of misinformation. jamie dimon said a lot of things this year that he rolled back. charles: let's leave it there. have a great thanksgiving, folks at home have a great thanksgiving. now over the liz claman. liz: are you a pumpkin pie or apple pie. charles: i am a apple pie every day except thanksgiving. liz: happy thanksgiving. the bull is making a last-minute charge on the final trainee day of the holiday week. the nasdaq in positive territory after real chalk turned negative with the federal reserve minutes from the most recent meeting says the

it seems the more we talk about regulation, the more jamie dimon hates on it, the higher it goes.t is behind the rise? sam: i think some of it is news is good news. more attention on it. also a slow adoption through a number of users. every week a few more people enter the space. matt: you had the news of the futures etf a couple weeks ago. since it hit the new high, it has not moved too much. should we be bummed out? sam: it was up 10% on that news. that is not nothing. ethereum, it may be up on speculation that there may be an ethereum-based etf. further price movement is probably pending further news. matt: why do people in this community go in also for the meme coins, shiba inus, squid games? don't we have enough to deal with? all of these other things? sam: part of it is they will be these tight cycles where they will get a lot of coverage and people willing here about them -- will hear about them for the first time. i think some people are probably seeking novelty and variety. matt: we had a great store yesterday that wall street is really getting serious about headhunting p

jamie dimon boxes comments back saying it isn't right to denigrate the country or the leadership but the bank looks to expand its business. finally some are questioning why the world health organization named the latest covid variant from south africa l micron. the organization uses the greek alphabet and skips to letters to get to all micron the first with new spelled with in you it could be confused with the new. and it spelled asked i the same spelling of the president of china, president xi jinping to help organizations claim that is picked and transcript a letter and it avoids causing offense to any cultural groups. for some the move underscored how this deferential to china. take a look at this, ted cruz tweeted. if the w.h.o. is scared of the chinese communist party, how can they be trusted to call them out. next time they're trying to cover up a catastrophic global pandemic. stand out from all of this is boston celtics cantor, he is most recently calling on the international the big committee to move next year's olympic games away from beijing after chinese tennis player peng

business and jamie dimon is relatively low risk.ws 24 hours a day, on air and bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am reddick a group to. -- ritika gupta. this is bloomberg. ♪ >> people are talking about "bloomberg ♪ >> as societies open up and people think, this is starting to be behind us, they go out and do more things which is what they are supposed to be doing. but if you are unvaccinated, that's dangerous and pretty much everyone who is unvaccinated can expect to get sick. tom: from new york city, good morning. lisa abramowicz and jonathan ferro. equities up 0.06%. yields come in about a basis point, 1.974. in about an hour and 40 minutes you will have u.s. retail sales. news on the vaccine front, the covid bill. pfizer recent -- reaching a licensing agreement to allow generic drug manufacturers to produce inexpensive versions of its covid-19 pill. they follow a similar move by merck. tom: it is about profits and i guess they take no royalties on it off they go.

>> look at what message it sends to our markets in the free world if somebody like jamie dimon is backing down to the ccp. we know what they're doing to american companies. that's why many companies like fortnite, like apple are leaving china. maria: let's take a look at where markets ended. a holiday short week lower-than-expected gdp numbers, for initial jobless claims and still battling the big threat of rising inflation. joining me bonds in group founder and managing partner david bahnsen, the author of the book no free lunch, 250 economic truths. it's great to have you thank you for joining us as we can. >> thank you for having me. >> i view thanksgiving as a kickoff to year end and a look into 2022. how are you expecting this market toward year-end. we have s&p 500 up 25% and 2021. can it continue? >> it is interesting we view it the same way that thanksgiving starts a process of viewing year-end planning and your perspective going into the new year. going into the new year investors have to expect lower returns next year than we've had the last couple of years. a big reason for tha

jamie dimon says he regrets his recent remarks about china.rating its 100th year, so is jpmorgan, i'd make a bet that we last longer. well, this morning he apologized for, quote, disrespecting the country of china and its leadership. let's get to hudson institute senior fellow rebeccah heinrichs. well, it's easy to see who has more stamina if, enes kanter, the nba basketball star the, or jamie dimon. >> that's right, you know? enes kanter, everyone needs to model themselves after him. what a great example of a great man and of a great american who says there are some things that are just more important than money. and that's the opposite lesson we're learning from dimon who cracked a joke about his company outlasting the chinese communist party. that should be something that all americans hope for. we should all love to see china become more like taiwan, a free and open democratic society that is not, you know, abusing its people with genocide camps. fact that he cracked a joke is revealing he knows better, fact the he walked it back shows the

. >> look at what message it sends to our markets in the free world if somebody like jamie dimon is backing down to the cpp, we know what they're doing to american companies, that's why many companies like fortnite, appleke are leaving china. maria: let's take a look at where markets ended, holiday short week coming off a lower than expected gdp numbers. poor jobless claims and battling the big threat of rising inflation. joining me the boxing group founder andnd managing partner david bahnsen, he is also the author of the book, 2050 economic truths. thank you for joining us this weekend. >> thank you for having me. maria: i view thanksgiving as the kickoff to year end as well as a look into 2022. how are you expecting this market to do toward year end. we have the s&p 50000 up 25% 20, can itn continue? >> it is interesting, we view it the same way that thanksgiving starts the process of viewing year-end planning and your perspective going into the new year and in the new year investors have to expect lower returns next year than we've had these last couple of years. a big reason for that i

jamie dimon's comments made a lot of news, but if you are operating in china, you have to play by the. the substance feeling that one. jonathan: that is the first time i have heard andrew slimmon a little bit cautious on this market. tom: i will go with that. i did hear a little bit by the dip there. jonathan: we always obsessed with the shot closest to the boat. right now, that is omicron. even if we get past this, is it a green light to risk assets, given what we talked about in the middle of december. tom: jon ferro channeling winslow homer close to the boat. there is a lot of worries, but the economy is coming. what is the economic data we will see for q4? jonathan: and how responsive will we be? coming up, joshua sharfstein of the bloomberg school of public health. up 0.9% on the s&p. i have seen how they put that song together. tom: everyone younger should watch it. it is marius. -- it is a glorious. jonathan: from new york, this is bloomberg. ritika: the world health organization warns that omicron could fuel virus spread. it was first detected in south africa and appears to sp

jamie dimon dialed in to tell his wealth managers, i'm going to look at your flow and up your comp.you see beginning to hot up in china? how do you describe the bidding war some people are telling me is happening? >> most people looking at wealth action globally would conclude the trend in asia is likely to continue. more people becoming wealthy, more assets to invest. a number of banks are focusing on what they can do there. other banks will not be immune from that. the opportunity with such great wealth is very big -- with such a large population with such great wealth is very big. manus: i want to push forward. you are accruing for a dividend at the end of the year. the market is going to reward dividend players on a forward basis. how bullish are you that return of capital shareholders is top of the agenda and the scale of the dividend? click the top of our agenda is getting capital up. it has been below bank averages. we need it in double digits. to do that we need to get returns out as efficient as we possibly can. we have had a high capital spread on the third quarter which i

jp morgan ceo, jamie dimon says his back is likely to outlast china's communist party.g the he would not be able to joke about it if he were in china. he says jp morgan cannot enter and exit the country every time it has concern about its priorities. the next base tour for blue origin will include a former nfl star and the daughter of the first passenger in space. michael strahan and the daughter of alan shepard. global news -- global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn, this is bloomberg. >> let's look at the state of affairs when it comes to training in australia. this is what we are seeing as we saw pretty muted moves in the organization. not too much of a leap. this is just off by a tent of 1%. the kiwi is still hovering near that six-week low. expectations are up at least 25 basis point. the market also prices in more than one hike today. singapore and nikkei futures are looking good at the moment. s&p futures up by .1%. we have to talk all things fx. the 11 d

heather, jamie dimon making a joke and getting pushback.ke that should be acceptable but any time, even if it is a joke and you are kidding around, if it is about the chinese communist party that is not acceptable. we've seen many instances over the past year where if your company doing business with the chinese, your band from one tweet, one comment on social media but even a joke, it is a serious issue. if you want to do business and have access to billions of customers, a big market. even for jpmorgan chase, you saw jamie dimon made an apology this morning. he had to because he wants to keep doing business. ashley: that is the world we live in. a federal judge shutting down sports betting in florida, they just overturned the state's to billion-dollar with the seminole tribe saying it violated the indian gaming law, the tribe just launched spending 3 weeks ago. you are in florida. they will lose a ton of money on that deal, right? >> they sure are. even governor desantis acknowledged there were unsettling legal issues revolving this rulin

a little bit of m&a here and there and then the million dollar question probably what jamie dimon wasking about china making that joke that they would outlive the communist party in china. i'm happy to be joined by our chinese expert. tom: i'm a little uncomfortable with that term, but thank you. they have a $21 billion exposure to china. so far the team over in asia said they have not seen much in state media or official response. we know the communist party has thin skin. francine: india preparing to regulate cryptocurrencies. they are preparing to help a central bank develop an official cryptocurrency. joining us now bloomberg's expert when it comes to all things crypto. first of all, what are we seeing in india? it look like they could be supportive of crypto but trying to safeguard smaller investors. >> yeah. i think the big question now is there is a lot of speculation around this bill. you have to remember what came out in the past days a short the same on a draft of a proposed bill. the initial reaction within india itself to this news seems to have been one of basically panic

absolutely petrified, jp morgan jamie dimon was an example of that over the last couple of weeks. a man who leads a bank very outspoken on a whole range of issues. if there was one person you think could say something and wouldn't have to apologize afterwards, a lot of people would've picked him. tom: it is clearly in the zeitgeist and how do you respond. what will be the response of china and what will the response be when it comes to america? critically how they accept our exports into china? that is not to be underestimated. tom: four years -- jonathan: four years there has been this issue of upsetting the chinese communist party and then they make a decision anyway. playing by the same rules u.s. firms play by. what have we seen over the last year? the chinese communist party made the decision for them. particularly i would focus on hong kong as well. as you mentioned how the western banks adapt and adjust to hong kong. jonathan: a lot of people have echoed this sentiment. the belief the chinese coming his party would want to mold china in the westbrook. clearly that has not b

then you have ceos like jamie dimon saying, come back to the office.ing they will move to other firms so that they can get their shot at the top job. it is not just at the upper echelon. you also have this at every level, especially after the black lives matter protests, you have competitions for women and minority, ethnic hires at every single level. arguably, this is a great thing, but it is an expensive issue for banks. dani: how long will this issue last if it is expensive? i'm sure they are hoping this is not the trend. lizzy: exactly. it may not be a job hunters market for very long. lots of banks are leaning into automation so that they can trim staff. others are finding offices in cheaper locations like florida and texas. the manhattan market may cool in the future. there was a survey published this week that said almost a quarter of financial firms -- services firms are planning to cut workforces in the next half decade. that is the highest share of any industry. dani: thanks so much for staying on top of this. i have to advocate for us for ei

jamie dimon raised eyebrows on his comments about china, saying his bank is likely to outlast china'sommunist party. he said that a chinese intervention in taiwan could be their vietnam. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ pres. biden: the price of gasoline has fallen about 10% over the last few weeks. the price at the pump has not budged a penny. gas supply companies are paying less and making a lot more. they do not seem to be passing it on to the consumers at the pump. tom: the president managing the message as he heads to a family gathering. that is always a good thing. with a washington brief on a sleepy wednesday in washington. annmarie hordern joins us. i look at the opportunities in washington and you come up with it. you can do the saint regis or wander across the grass to the mandarin. a turkey meat sub, $10.45. that is what we recommend for you. i tried it, it is wonderful. annmarie: i am happy to give it a try. i usually have an u

jp morgan ceo jamie dimon is apologizing after a comment that probably fell flat in beijing.imon joked that his bank is likely to outlast china's communist party. he said today that he regrets it and should not have made the comment. he said he was trying to the size the longevity of jp morgan. amazon is spending $4 billion on logistical efforts to make crickets packages to customers on time. that could wipe out the company's profit during its most important three months of the year. amongst the added cost, hiring cargo ships and 100,000 more workers, boosting pay and offering bonuses. the annual outlook at deere indicates record profits are ahead for the world's largest farm equipment maker. strong demand is driving agricultural prices to their highest level in years, leading farmers buy new equipment. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ pres. biden: we still face challenges in our economy. disruptions related to the pandemic have c

jamie dimon told an audience about a story he told during a trip to hong kong. >> i made a joke the otherhat i was just in hong kong, the communist party is celebrating its 100th birthday. so is jpmorgan. i can't say that in china. >> in a statement, he said i regret and should not have made that comment. i was trying to emphasize the strength of our company. >>> "time" magazine released its top 100 photos of 2021. including a girl thrilled at winning a big u.s. spelling bee. a distraught woman in greece, and a palestinian girl whose home was demolished in may. thank you for your company. i'm rosemary church. for those of you here in theite, have your severals a safe and happy thanksgiving with your loved ones. cnn newsroom continues now. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. clerk: hello, how can i? sore throat pain? ♪honey lemon♪ try vicks vapocool drops. in honey lemon chill. for fast-acting sore throat relief. wooo vaporize sore throat pain with vicks vapocool drops. a

that is interesting on the back of jamie dimon and his trip to maybe 48 hours ago. something we can bring you two. once we have it ready. let's look at markets and a the meantime. the trading debut in india, given the frenzy we have seen when it comes to ipo's i that part of the world. we are still seeing some pressure when it comes to mainland equities. thanks saying is down 365 points. it has been dragged down by the likes of tech. talk about earnings we have got out of i do. billy billy, the extent of this wrigley torrey crackdown when it comes to tech players. on light add outlook looks uncertain. the market is still concerned. jd.com, alibaba coming up as well. the next test for the so-called rally we have seen in chinese tech. alibaba down 5%. jd.com down 3% to when it comes to those two year inflation expectations that we got out of new zealand, 10 year highs. close to a 3% print should the market is starting to price even more rate hikes when it comes to the rbnz. more than one priced in at markets right now before year end for the rbnz. the qe, the spike at

and corporations have felt the heat too earlier this week jpmorgan chairman and ceo jamie dimon had tok back comments. >>> enes kanter joins me now you've been vocal about chinese government's policies. what did you make of the joking that jpmorgan will outlast them? >> first of all, thank you for having me. someone had to do it you see, there are so many companies and organizations, celebrities are scared to say a word because they care too much about their business, their endorsement deals. i feel like someone had to go out there and pull out the indicator of regimes and what i heard obviously i was shocked. and the important thing is, you know, it is important to stay strong for the people out there. >> right and he has apologized a couple times for it do you wish that more leaders would call out china for their actions? >> i wish. you know, i almost say shame on all these leaders, muslim leaders, muslim athletes, not just those but the actors and rappers and singers. to them they care too much about money and endorsement. it is a shame to mebecause the are putting their morals and

so i sent a letter today to jamie dimon as you know the ceo of morgan chase. and about 60% of missouri. according to the last missouri election with conservativeot organizations that they will not be eligible to do business with the state of missouri. >> tucker: amen. really quick, last week in new york the leader of black lives matter organization threatened violence against the city of new york if he dared to enforce the law in new york. are they still a client of jpmorgan chase? where he platform to black lives matter? t >> i don't think they've the platform. they are only interested in doing business with one half of the country, they can change their name to woke bank or snowflake bank. we will see how it goes though. >> tucker: scott fitzpatrick i appreciate you coming on. >> thank you. >> tucker: we are out of time and we will be back 8:00 p.m. the show that is the sworn enemy of lying, pomposity, smugness and group think. have a great evening. a surprise for you the great sean hannity takes over now. ♪ ♪ >> sean: welcome to "hannity," day two of the de

. >> jamie dimon made a joke. why he is apologizing to china's communist party. >>> and sending a i blunt mental to russia. what he said would happen if they are behind the havana attacks. >>> a gift 20 kaitlyn collins from the coach of the crimson tide. wee he is going after unappreciative fans. . >> no one wants to win worse than they do. not me, not you i don't care what kind of fan you are. nobody want to win more than the players that play. nobody. . >> we will get reaction from cnn's chief alabama correspondent. we've been waiting all year to come together. happy hoholidays from lexus. get $1,500 lease cash toward a 2022 rx 350. this holiday season, give your family the gift that keeps on... going? our very own energizer bunny! energizer ultimate lithium. [snowball splat and windshield wiper] the #1 longest-lasting aa battery. hi susan! honey? yeah? i respect that. but that cough looks pretty bad... try this robitussin honey. the real honey you love... plus the powerful cough relief you need. mind if i root

refer customers to staley when he was head of the jpmorgan private bank and staley was one of jamie dimon'sclays. he ran, i believe the private bank, private wets management, and jeffrey epstein referred a lot of clients to him apparently , that's how he developed a working relationship it kind of, it suggests, just i'm trying to be fair here to everybody involved. leon black said he had a professional relationship with epstein because he knew a lot of people and good wealth manager. liz: apollo. charlie: who stepped down because of ties with jeffrey epstein. liz: he paid him more than 100 million for legal fees. charlie: right, not legal fees, investment advice fees. he's not a lawyer, but it was to handle his estate and various affairs, because epstein was, when it came down to it, wasn't a hedge fund manager. he was a high end wealth manager with a handful of clients and if you were a billionaire you could call him up immediately, oh, go buy me this painting, go do this and that's what these people used him for , jeff staley apparently, he did that as well but he had a little different r

jamie dimon said he thought chase bank would last longer than the chinese communist party, specificallyomberg quotes him as saying the communist party is celebrating its 100th year, so is jpmorgan, and i'll make you a bet we last longer. chinese officials have so far not responded. >>> high-tech stocks got hammered again on the stock market tuesday. a reminder the markets will be closed tomorrow for thanksgiving. the nasdaq pulled down by those tech stocks, tech is a good place for investors to put their money if they're looking for a better than average return, but the thought seems to be with president biden renominating jay powell as fed chair, interest rates will go up. that will make high return stocks like tech less attractive compared to say investing in bonds, so money comes out of tech as a result. also something called a discounted cash flow but i'm not going to bore you. the economy is getting better, the fed is thinking about raising rates, especially because the better economy does seem to cause inflation. the economy is getting better. we're going to get consumer spending

in the meantime, this is not being taken hilariously in china, jamie dimon raising eyebrows with tongue and cheek comments see if he gets bleeped he told a group about a joke he made on a recent visit to hong kong saying the bank hopes to be in ch china a long time. china communist party is celebrating 100 years and he jokes that so is jp morgan and he says, i bet we'll last longer we'll see what they think of mr. dimon's humor. >> funny here not there. you said yesterday, elon musk can get away with saying anything that other ceos would never be able to say >> i think jamie would get away with this. >> if you know him it is a joke lighten up let's get to energy prices and the global market reaction to release oil proo free serves and other countries. brian sullivan joins us. this is the first time we've seen a coordinated release the first time this is released in this manner or for this reason >> they have the libyan civil war where some countries got on board. it is the code nated not emergency. also designed to do something the spr has never talked about doing which is to lower pric

jamie dimon was speaking at a conference, he said he thought chase bank would last longer than the chinese communist party. specifically bloomberg quotes him as saying the communist party is celebrating its 100th year, so is jpmorgan. and i'll make you a bet we last longer. chinese officials have not yet so far responded. >> we just got first-time jobless claims showing an amazing decrease. it's great news. 199,000 first-time claims. that's the lowest since 1969. i will tell you, data point after data point show us the economy's not just getting better, it's getting a lot better. inflation is still a huge issue, but remember the solution to that is higher interest rates. and they are coming. why? because the economy is getting better and better. nasa says it will delay the launch of the james webb telescope because somebody nearly dropped it. nasa called it a sudden unplanned release of a clamp. doesn't seem to be any damage, after all, it was designed to survive a rocket launch but needs to be inspected. the webb telescope is ten times more powerful than the hubble telescope and promised