jpmorgan ceo jamie dimon blasts work from home. >> a lot of you were on the. zoom and you were doing the following. okay, you know, look at your mail, sending texts to each other when the other person is okay, not paying attention, not reading your stuff. >> so is he right? and how are his employees responding? we're going to cover it all. but first, president zelenskyy warning that president trump meeting putin first would be dangerous. former nato allied supreme commander james stavridis weighing in. and don't forget to sign up for the newsletter@smerconish.com. when you're voting on the poll question, check out what steve breen just drew. >> have i got news for you is back for another season. roy wood jr., amber ruffin and michael ian black are finding the funny in the week's biggest story. >> i'm going to give you all four years of something to talk about. >> if we. >> alive have i got news for you tonight at nine on cnn. >> if you're looking for a medicare supplement insurance plan, that's smart. now. >> i'm 65. >> and really smart. later, i'm 70 ish. con

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why didn't jamie dimon say this before? why haven't people spoken out about things like this?le that will make the exception to the rule and enforcing behavior on the masses. so let's say you have this discussion. it would be really good for everybody to come back to work, for office morale and productivity, and then someone will say, what about madge? she is an agoraphobic with carpal tunnel syndrome? you're the manager, you know what, she is an exception, but offices are here for people to work in them, and then that person will say, you don't care about the disabled. you don't care about parents with babies. you don't care about women with cats. what about those people? so every issue -- this is another problem with the democratic party -- every issue ruled by common sense runs up against the exception argument, whether it is deporting illegals, what about the little children! or the homelessness, oh, that is a homeless family, you can't -- or incarceration, that person has a heart of gold -- everything is an exemption that ends up hurting the masses in the long run, harold

but i think jamie dimon has a point. does this does this reduce the nation's productivity, reduce our ability to compete on the global stage? if people are willing to take 15 to 20% pay cuts to be able to stay. >> home, but, you know, for a long how do. >> we. >> reverse, especially during the pandemic? the employment trends were on worker sides so they could do that, and they decided they liked staying home. and to them that became an entitlement. so they wanted to keep it that way. and they could because it was so hard to find good people, you know, that the labor force was such that they were the ones holding all the cards. that has now shifted. and now employers, they're the ones who are having to cut jobs pretty much across the board in every sector. and so they are deciding that they want people to collaborate. collaboration on zoom. it's not the same thing as sitting down with a group of people in a room and talking about ideas and building those ideas one off the other, and that is how you increase productivity.

does jamie dimon have a point here? ell, i was a great jared on employers get to set policies and 100% jamie deming camp and working from home. it produces low productivity and harms especially young people who do not yet have the networks in the training and need the mentoring and need to make the connections. so i think he has right to want to get his workforce back from the office. i think it will make jpmorgan more productive. it is his job to get the highest results for shareholders. i absolutely concur with the sentiment and i think he's doing the right thing for the bank. >> sandra: i appreciate the discussion both of you for joining us douglas and jared. will ask you what you think about it because jamie dimon was not holding back. you have to think for a lot of major banks, they are trying to run a serious business. when you can't go into office and see people face-to-face, it can be challenging. >> john: well, of course, we have been at work all through covid. we have not worked from home and i don't think i ev

and later, jpmorgan's jamie dimon. he sounds off on return to work pushback from his own employees. >> who may. >> have dropped a few f. >> bombs in there. >> it's thursday, february the 13th, 2025. >> you're watching. >> worldwide exchange. >> right here. >> on cnbc. >> good morning. thanks so much for. >> being here with us. >> i am. frank collins. get you ready. >> for. >> the trading day ahead. >> we begin with the markets. >> the s&p and. >> the dow closing. >> lower yesterday. the nasdaq. basically flat. >> after a hotter than. >> expected cpi. read investors this. >> morning also digesting. >> the. >> president's threat. >> to place reciprocal tariffs on every nation that puts. tariffs on u.s. goods. taking a look at futures. >> right now. >> a bit of a muted start to the day. so you see the s&p and the. >> dow both. >> of them down fractionally right now the nasdaq just a tick. >> above in. >> the positive right now up about 30 points. right now we want to take a look at the s&p 500 premarket laggards. >> we're

jamie dimon participated in a meeting with lots of employees. and perhaps unsurprisingly, this topic was mentioned. and very quickly, almost as soon as the question. was out of the questioner's mouth, diamond told them not to waste. time on it. and as you say, used some language that is not customary for morning television. >> yeah. basically said, you know, don't bother with an f word petition just to spell it out for anybody that might be confused. he also asked for efficiency. and that was interesting. what efficiency is he looking for? was there any clarity when it came to that. >> part of the. >> argument? around the. >> five day. >> a week policy. >> has come, or has kind of. centered on a bit of a somewhat of a contradiction, because diamond said that he felt that people were not necessarily paying attention during zoom calls. this was one of his complaints during the meeting on wednesday. but employees say that there is. >> already a culture. >> of international working together. and indeed, the petition that we mentioned. spells out tha

we have the must hear message from jamie dimon coming up. plus, major new clues into what went wrong over the potomac. this as investigators reveal what was going on inside the blackhawk helicopter, and the critical message that may have gone unheard just seconds before the crash. >> transmission was stepped on by a point eight second. mike key from the blackhawk. >> cookbooks, corporate fat cats swindling socialites, doped up cyclists. then yes, more crooked politicians. i have a feeling we won't be running out of those anytime soon. >> a new season of united states of scandal with jake tapper. march 9th on cnn. >> we're standing up for our right to be lazy. >> by sitting down. >> and. >> reclining back. >> because we work hard and want to relax harder. we, the lazy, are taking back lazy. >> on our lazy. >> boy furniture. >> lazy boy. >> long live the lazy. >> let's start with the eye chart. >> what makes you think i can read? >> you can talk. and you booked an eye exam online. >> okay. good points. top line. this is a quality comprehensive

art laffer larry kudlow, kevin warsh, stanley drukenmiller, jamie dimon, dan loav. kyle bask. a lot of people not living in left wing circles are not worried about this, would like to track down drugs as much as possible. whatever the cost. , and half a percentage point for a few months is a nothing berger. >> the fed staff came up with the same thing in 2018. larry: what did they say? >> tariffs are one off price adjustments. >> chris lawler said that too. one time small move in prices, maybe, and certain prices and not inflationary long term. i was looking at charts that showed the impact of these tariffs on mexico and canada would have been significant even without retaliation and would have mattered a lot to them. larry: to them. to them. of course it would. but their currencies have nose dived. >> absolutely. larry: that's high inflation. our currency, the dollar, gone up and no inflation. >> the hit to growth is the same. devastating to mexico, which is why they came very quickly. very bad for canada, but at most just a tiny half to a quarter percentage point off u.s. gr

yes, jamie dimon has a message for his employees who oppose returning to the office full-time after aroundmpany to allow them to keep their current hybrid schedule. so he says during a meet, quote, don't waste time on it. i don't care how many people signed that blank petition. starting in march, employees of the company are going to have to work in the office five days a week and as you mentioned they're building this new super tall office tower, 1,389 square feet, it's going to be something. i want a tour. the chicago teachers union is raising alarm bells about the nomination of linda mcmann's confirmation to education secretary, issues like federal funding cuts, dismantling of the department as a whole among the list of what the union is highlighting as the union is going through contract negotiation, also during her confirmation hearing mcmann, former chief of wwe said cutting down the doe would require congressional action. we'll keep you posted on her movement. and then there's this, several hollywood stars resigning from their appearances or roles at the kennedy senator after presid

when they respond better in a tariff atmosphere, today, unrelated,, with p morgan chase's ceo, jamie dimon, he was on the hill talking to the senate banking committee, and our fox business reporter, chase williams, caught up with him. he refusedded to talk tariffs, but chase got him on a question about doge's move to dismantle the banking watchdog cfpb. i want you to listen. >> reporter: just what's your message to consumers who might be concerned about the cfpb, for example -- [inaudible] >> consumers should be protected one way or the other. there is consumer protection at the sec, the occ, the federal reserve, and the question is how do you design a system that's good for everybody, that make pas sense? it isn't just the cfpb alone. >> door do you support a restructuring? >> yes. i think it's time, in my view, to take a step back and look at all the a rules the regulators put in place to create a better, safer, sounder, more consumer-friendly system that finances -- [inaudible] the united states of america. and i believe that can be done. liz: what do you think, bob? if there's nomadsiv

maria: meanwhile, fox business confirmed that jp morgan ceo jamie dimon and brian moynihan will be among the major bank ceos on capitol hill today, they're doing a round table discussion with the senate banging committee on how to pre voarprevent debanking. i spoke with tim scott this week on how banks and regulators are being weaponized. watch this. >> that's what i heard from the ceos. the ceos of the bank said this to me to my face, eye to eye, that the occ and regulators were going to create a reputational risk, whatever that means, against banks who did the things like banking illegal businesses, like banking crypto. melania trump, the first lady of our country, was debanked. how is that possible in the freest land in the world? fdic just recently released a trove of documents reinforcing the fact, yes, regulators have been weaponized. maria: yeah, and you know, a lot of people speculated that this was happening that some of the major banks were debanking conservatives for example and it was all politics. i was stunned when melania trump first told me she was debanked. here she is w

annmarie: jamie dimon is doge-if ying.e said, i don't care how many people sign that -- petition about working from home. once everyone back in the office five days a week, which i still cannot believe in 2025 that is actually a conversation in c-suite's. jonathan: i would step away from jp morgan and say, there appears to be a difference between the culture that leadership wants from the ceo and the culture that actually exists within their company. it feels like beyond jp morgan -- and we can talk about a number of examples of this, that they have lost control of the culture within the company. have talked about this around the table. feels like human resources took over over the last five years and what these ceos would like to be seeing is not what was happening. lisa: there is a sense that virtue signaling is not good enough. they need to understand something is working toward achieving a goal. he is saying they are not stepping away from the ultimate goal, what has been put in place is an effective then achieving tha

all right, folks, love is in the air except when it comes to working from home and jamie dimon.n that. and also a wait until you hear some of the other things. i've got an amazing power panels to get their reactions on remote work and a lot more, right after this. ♪ i'm a fool to do your dirty work, oh, yeah. ♪ i don't want to do your dirty work no more ♪ great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is g

lisa: anyway, okay, so let's listen to this from jamie dimon, ceo of jpmorgan chase.his. >> a lot of you were [bleep] zoom -- [laughter] and you were doing the following okay in looking at your mail, sending texts to each over [bleep] the other person is, okay? if. [laughter] not paying attention, not reading your stuff, you know? and if you don't think that slows down efficiency, creativity, creates rudeness, it does. don't give me the [bleep] work from home friday works. i call a lot of people on friday, they're not [bleep] to get ahold of. you have a choice. you don't have to work at jpmorgan. if you don't want to work at the company, that's fine with me. i'm not mad at you, don't be mad at me. it's a free country. but this country's -- company's going to set our own standards and to do it our own way, and i've had it with this stuff. mideast least he finally is tough now? if where was this the past four years? rachel: this all a started with to covid, as you know, people working from home, and if people like it. and i get it. [laughter] donald trump came into offi

ja-- jamie dimon,. kyle bask.i need to go on, a lot of people, who don't live in left wing exting circles are not worried about it would like too track down drugs as much as possible whatever the cost and half a percentage point for a few months is nothing burger. >> fed staff came up with the same thick. larry: they did. >> in si september of 18. >> what it they say. >> a one off price level adjustment. larry: chris waller said the same thing. >> one time small move up in prices, maybe. it won't be inflationnary long-term, it was in i just was looking at charts that shows impact of these tariffs on inflation for mexico and canada would have been significant. even without the retaliation, it would have mattered a lot to them. larry: to them, it would. >> to them. larry: their currency have nose dived. >> that is why -- >> the dollar has gone up. >> and yet. >> hit to growth is same. devastates to mexico, why they came very quickly, very bad for canada, but at most just a tiny you know half to a quarter of a percen

and will grill the heads of most of the country's biggest banks, the list includes jpmorgan ceo jamie dimon america's brian moynahan and our intrepid producer chase williams talked to moynahan and he says we bank every one. he's denying that. fed chair jerome powell was asked by tim scott about the banking and scott made clear this is a huge priority for this. >> specifically to debank certain industries. that the point i am making that we have to solve. it is legal in america to do business, we should do our part. >> reporter: the commitment scott got from powell in that hearing. >> it is fair to take a fresh look on debanking. we don't do these things that regulation leads things to happen and we need to work on that. >> reporter: this hearing with the big bank ceos is happening behind closed doors which may be we will get reaction from senators on their way out. maybe we will get reaction from ceos but this is a priority for republicans, they control the senate and the house so they have ceos on a lot. david: donald trump took the bull by the horns going after moynahan the bank of americ

cosby and japan the nikkei average in the korea and accept better than 1% fox business has learned jamie dimon and brian moynihan will be among the big bank ceos on capitol hill for roundtable on preventing the banking over politics. we are on it, joining the conversation strategic while partner mark tepper, pollster and president of lonski and partners leak carter and staff writer caroline downey. "mornings with maria" is live right now. ♪ ♪ ♪. maria: we kick it off with a hot topic of hour president trump putting focus on negotiating peace between russia and ukraine vowing to end the war as part of his campaign. brooke singh met with the latest. >> that's right president trump says russian president putin in ukrainian president zelenskyy want peace after holding separate phone calls with each of them. trump writing this we want to stop the millions of just taken place in the war with russia and ukraine we agreed to work together very closely including visiting each other's nations and follows a prisoner swap between moscow and washington that trump's that could mean better relationships betw

morgan chase ceo jamie dimon is here today.ond said about deep banking which is a hot topic. -- de-banking, which is a hot topic. michael: what is your message? michael: there are a lot of fees that could be fixed. the rules and requirements are so onerous and it does cause people to be de-banked, should not be. scarlet: this is bloomberg markets. i'm scarlet fu. president donald trump promised to announce reciprocal tariffs on the old -- let me ask a very basic question. what are reciprocal tariffs and how are they different from the tariffs president trump has already threatened and in some cases imposed. enda: in the view of president trump, this is all about leveling the playing field. we turn to them. he wants to get the tariffs matching from the u.s. and other countries. now, the thing about this is we don't yet know exactly what the announcement will be. we don't know what sectors or products or countries, how will be treated. this is a fairly technical matter on this when the announcement comes with the headline point i

musk says by the way he'll also meet with jp morgan chase ceo jamie dimon this week to convince bond that doge should instill confidence in u.s. debt. fascinating. stu. stuart: gets around, doesn't he. thanks issue ash. coming up, today secretary of state marco rubio heading to el salvador after going to panama and got them to end a canal deal with china. we'll report on that. trump says jen will accept deported -- venezuela will accept deported migrants and provide transportation back. what was trump's threat to make that happen? i'd love to know. that's next. ♪ (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ known for pursuing your passions. no one wants to be known

now this, america's top banker, jamie dimon, is addressing the pushback from workers who don't want ton to the office full time. he's quite passionate about this. what's he saying, lauren? lauren: enough is enough. there's a petition circulating in jpmorgan by some bankers and and staff who want to keep their hybrid arrangements. [laughter] dimon shut them down at a fiery company town hall. watch here. >> it simply doesn't work. and it doesn't work for creativity, decision make, and don't give me this [bleep] that work from home friday works. the young generation is being damaged by this. that may not be in your particular staff, but they are being left behind. we didn't build this great company by doing that, by doing the same semi-diseased [bleep]. everybody else does. lauren: he also said some workers doze off on zoom calls, and don't waste your time trying to carve out ap exemption that keeps you home for part of the week. he wants everybody five days of the week. it keeps you creative and helps younger people learn. ashley: it and keeps you if falling asleep, apparently. lauren, t

climbing up about this when i asked by our colleagues t fox business on capitol hill, including jamie dimon i first get your reaction to president trump announcing reciprocal tariffs today? >> no, not talking about that. >> not talking about it for now. a source familiar is telling us the president's memo today will mention brazil as an example. they tax our ethanol at 18% peered we tax their ethanol at 2.5%. that is a huge trade deficit. the white house is calling this trump's fair and reciprocal trade plan, but democrats worry the effort to make things more fair will hurt. >> that is not some liberal democratic economist. the head of ford motor says that the tariffs will blow a huge hole, a whole in the u.s. auto industry. what he is doing on tariffs is again sort of like everything else. it is sort of a meat ax approach, a slash and burn approach. >> going off president trump's comments from yesterday we should also expect this news conference to include some kind of celebration of d.o.g.e. spending cuts, so stay tuned for that but we do think the headline will be the tariffs from this l

and so regardless of who wins this upcoming election, jamie dimon is going to know, people in senior roles in either administration. the second thing that diamond does that i think is clever, is he has this construction where he describes as barely a democrat. now, democrats hear that and say, oh, well, there's this corporate ceo, not a republican. he's a democrat. i like that. and republicans hear that and they hear the barely so they hear the first two words. democrats hear the third word. and when republicans hear the barely, they think, hey, this guy, maybe he's a but he's against the excesses of the woke left he's not a squad so he's okay with us. though he might be nominally a democrat. he's someone who we can deal with. do you think that kind of triangulation, whether with diamond or with other executives playing the same game, do you think that sincere? do you think they're putting on a show or do you think it's a little of both. it's definitely a little bit of both. but what i argue in the power of money is that if you view how ceos deal with washington as some kind of a sou

well. >> if you. >> know jamie dimon, if you followed him at all. >> you might have anticipated. >> hisanimated town hall meeting yesterday. according to a. >> recording that. >> was reviewed. >> by reuters. when he was asked about that petition, he responded, don't. >> waste time on it. i don't. >> care how many people sign that. effing petition. except i don't think he said effing. >> instead, diamond. >> stressed that employees have a. choice whether to work at jp morgan or not. >> dimon said some staff didn't pay. attention during zoom meetings, which. >> reduced their efficiency and their creativity. he said. >> there is, in his. >> words, zero chance that he will leave in office requirements up to the managers because, he said the abuse that took. place is extraordinary. he asked departments for more efficiency, including 10% cuts in reports, meetings, documents and training sessions. we'd all appreciate that around here. >> the lifeblood of middle. >> management. and they want to cut those things. >> i'm still overdue for training sessions i was supposed to do. >> last year. cut

in a leaked phone call, jpmorgan ceo jamie dimon can be heard laying down the gantlet to all of his bankers. >> a lot of you were on the zoom and you were doing the following. okay, you know, look at your mail, sending texts to each other when the other person is not paying attention, not reading your stuff, you know. and if you don't think that slows down efficiency, creativity creates rudeness. and it does. okay. you don't do that. my meetings. you go to a meeting with me, you got my attention. you got my focus. i don't bring my phone. i'm not sending texts to people, okay? don't give me that work from home. friday works. i call a lot of people on friday did not a person to get a hold of. i was running over 100 people. i guarantee you if i wanted to, i could run it with 90 and be more efficient. i guarantee you i could do it just i could do it in my sleep. you know, i've been working seven days a week since covid, and i come in and i. where's everybody else? here and there. and the zooms and the zooms don't show up. and people say they didn't get stuff. so that's not how you run a great c

the reason jamie dimon and mark zuckerberg can take different approaches is because dimon has employees all over the country, where is facebook is more concentrated in liberal areas in california and more likely to have a more liberal staff. so that staff isn't so excited about seeing the c.e.o. of their company befriending donald trump. >> the barely a democrat strategy might be the right idea for zuckerberg, but it's very, very difficult to execute. >> yeah, it's harder for zuckerberg to do barely democrat than it is for dimon. zuckerberg's employees want him to be a full-in democrat. >> you also go into the hunter biden laptop story, which i have enjoyed ignoring as completely as i can since it popped up. but you document some pretty bad behavior among some of the progressive staff at several social media companies and trying to downplay that story. i think that might have created a little bit of a streisand effect, where it actually, once people caught on to what they were doing, they actually amplified the story against what they're going for, and it ties into something we've been

jamie dimon was on with andrew ross sorkin from davos and said, a little inflation is worth national security. something to that effect is what he said. that is a prism into how the administration thinks about this. and so the president isn't making this view, but he is implicitly making this this statement. hey guys, how much inflation is worth saving? 10,000 american lives, 50,000 american lives. and i think that's a consideration that investors not that samir was not sure but that investors have to consider. well, what does it mean to consider that though? i mean, i think. >> a lot of investors. >> start. >> from a position of that tariffs at. all at this. >> stage. >> especially if you want to just. >> impose them first and then. >> negotiate. >> are this kind. >> of chosen war? >> i mean. it's not. >> like there's an. immediate imminent thing that. >> investors say take care. >> of it with tariffs. >> and so. >> therefore you have to have the premise either the economy is going to be fine either way. or you have to deal with how either inflation or growth expectations. >> i thin

out jamie dimon and brian moynihan, the. ceos of jp morgan chase. >> and. >> bank of america.s the. >> cfpb that. >> is making sure that banks are closing. >> fake accounts. >> and keeping open. >> real accounts. >> so i don't really understand. how this is meshing. we do. know that there are a lot of. big tech companies. facebook. >> google. >> they want to. >> get into banking and payments. >> we know. >> that twitter or x has inked a deal to start turning itself into. >> a payments and. banking operation. >> and many. >> people are. >> wondering if that's the reason why, that they want to shut down this agency. >> that has done so much. >> senator warren, elizabeth warren created the cfpb. she's been a huge proponent of it. she's very vocal about it. i want to play her speaking to morning joe on tuesday, talking about the need for the for the agency. >> donald trump ran. >> for. >> office saying he would. >> lower prices. >> for american consumers. he was going to cut costs. he said he would do it on day one. he said right. >> after the. >> election that he was elected. on

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so in 2018, larry fink was the head of called the business roundtable, along with jpmorgan and jamie dimon and others. and they got 200 of the largest companies in the u.s. to evolve the purpose of the corporation away from the milton friedman model more to this european model to appease a lot of more of the progressive pension funds and and endowments that they had. but also because now they could start selling esg labeled funds and these esg labeled funds what they would do is they might take out a tobacco company because they would say that that didn't meet certain esg characteristics of environmentally friendly. they might take out an oil gas fund. they might do some scoring systems for companies that, did not meet a certain level of diversity equity inclusion. they would take these companies out of index indices and they would charge on average three times, four times more money to put money into a so-called esg fund, as opposed to a basic s&p 500 fund. so there you start following the money fallout from mckinsey was selling a lot of esg and services. you follow the large index funds

. >> telling muslims our jamie dimon bakari, thank you very much. stick around.uld talk about this for another hour. it's very important. but we have more breaking news tonight. the cia has offered buyouts to its entire workforce. big questions tonight about what that means about national security and america's role in the world. stay with us. >> the last. >> thing you think is. >> someone's going to pass away. everybody watched him become this force. >> none of. >> us is perfect. kobe lived. >> it in a way. >> that the world watched. >> the finale of kobe the making of a legend saturday at nine on cnn. >> buying a car. >> is kind of. >> a big deal. >> there's like. >> a million options. >> and you deserve something you love. at cargurus, we get it. as the number one most visited car. >> shopping site. we make. >> sure your big deal is the best deal. >> on your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that

let me read you back a response from jamie dimon, who put this pretty succinctly.the law to fight sex trafficking, money laundering, tax avoidance and basically regulators to, he said. he said the regulators put a lot of pressure on us and tell us what is high risk. if we don't bank someone and something goes wrong, it could be hundreds of millions of dollars in fines. so a lot of banks are kind of guessing, like, we should get rid of these people. we're not allowed to tell you why we debanked you. so they will point back and say that it is the regulators who are putting pressure on them and who have pretty vague laws, and that they are not. therefore, as part of those laws, allowed to tell people why they're debanked. >> well, becky, there's no doubt i spoke to the bank policy institute a few weeks ago, and one of the things that they said collectively was that the occ under biden administration put so much pressure on them that their reputational risk wasn't in the in the in the competitive market. it's really with the regulators. think about that. the weaponizat

>> even jamie dimon said to get over it, this conversation about tariffs.deeply concerned about inflation, but there are a lot of things that go into it. number one, you look at the federal reserve and all the a trillions of dollars that the federal reserve prints in money every year regardless of who is president. that has some impact on inflation. you look at the spending that the government has done, both republicans and democrats alike, and thank god for doge. they're look at waste, fraud and abuse, just got access to treasury payment accounts to showcase all of the fraud if going on, billions and billions of dollars. they're already saving billions of dollars a day. we have to look at spending, we have to look at tax cuts as well. but it's very important. there are multiple factors that go into inflation. we have to recognize that and try to fight our way forward and grow the economy in a way that a wages grow with the challenges we have ahead and that people can afford eggs and gas again. we can't do that right now until we fix the system. jon: we wer

morgan chase' is ceo jamie dimon he also denies the banking allegations.uld fix them. >> like what question are. >> the rules and requirements are so onerous it does because people who beat deep into my opinion should not be demand to pick which you claim the banking regulators? it just pretty much it. bryan: dominic what you make of that? >> look, we as a financial service industry includes the banks, brokerage firms, insurance companies. we are mandated by law to be the first line of defense against criminal activity. we are looking for aml and the money laundering rules we are looking at knowing our clients. we are looking at every kind of regulation and law that puts us in the front line to keep criminal activity from actually happening. so this is the big thing everyone's focusing on every day. that regulators were literally pounded us in the ground if we let something slip through. all of these banks, us included are trying very carefully to keep illegal activity from actually happening in the system. bryan: i want to bring up this op ed from former

. >> jamie dimon. >> doubling down on jp morgan's five day return to office mandate. >> during a town according to reuters. dimond pushed back on. some employee complaints as. one group even launched an online petition for dimond to soften the policy. dimond said, quote, don't waste time on it. i don't care how many people sign that. blank petition, there is no chance that i will leave it up to managers. the abuse that took place is extraordinary. >> we've been talking. about financial services in general, pushing. >> for return to office, but. dimond seems to be doing a little bit more too. >> it was very early in it, first of all, and i think there's a there are many reasons for that. why the big banks in particular feel like it's necessary. i mean, it's a compliance heavy workplace. half the year is spent figuring out who's supposed to get credit and compensation for what they did. and so it's not as easy to just sort of do that when everyone's at home. plus they're big organizations and it acts as a bit of a culling process, probably. >> and the onboarding. >> for new employees es

i do know that jamie dimon at davos, who's the you know the ceo of jpmorgan chase.ary. tariffs could be a little bit inflationary inflationary get over it i think a lot of ceos have just accepted trump won. it's a fait accompli. now they're trying to figure out in their c-suite offices. now what do we do. >> must be nice in their c-suite offices. christine romans, andrew weissmann, thank you for joining us today. the latest purge coming from donald trump and the unelected elon musk. and the unelected elon musk. we'll have that —hi! —hi! ♪♪ chocolate fundraiser. ♪♪ with the chase mobile app, things move a little more smoothly. ♪♪ deposit checks easily and send money quickly. [coins clinking] ♪♪ that's convenience from chase. make more of what's yours. nothing makes a gathering great like eggland's best eggs. they're just so delicious. with better nutrition, too. for us, it's eggs any style. as long as they're the best. eggland's best. a chewy order is on the way for radar — who knows that sounds means... kibble... squeaky toy... ...and birdseed. delivered fast — at p

aggressive cuts overnight and was talking about dissuading concerns of bond investors saying he and jamie dimondiscussing that this week. jonathan: president trump said to speak with leaders of canada and mexico today, tariffs going into effect tomorrow. jason furman of the harvard kennedy school saying it's hard to decide if this is worse economic policy or foreign, we'll see if trump caves to the market. thanks for making time for us. how different these actions are compared to what we saw in his first term. jason: i thought there were too many tariffs in his first term. this is just at a massive scale relative to those. these are against close allies. this is two weeks in to the administration. he promised us he is just getting started. lisa: it seems like on wall street the people think it is strong enough to withstand the growth hit from these tariffs, do you agree? jason: it doesn't look to me like wall street has priced in these tariffs going into effect on a sustained basis. i hope wall street is right about that. some things are crazy enough that you touch the hot stove and you pull yo

. >> chase workers calling on ceo jamie dimon to retain the bank's hybrid work model and reverse its to bring employees back to the office five days a week. that return to work mandate set to take effect early next month. the workers have launched a publicly visible petition that calls for better working conditions and argues to not only keep the hybrid model, but to expand it. >> good luck with that, slackers. well, it's look, we've known for a long time workers have the upper hand have had the upper hand for a while. if you swing back to a situation where there are fewer jobs to be had, then you may lose some of that leverage. although citibank has gone out of its way to kind of say that it is going to continue to do that, and it may be a way to hire away some. >> they didn't spend $1 billion to build a gorgeous new building on park avenue that they need. >> to fill. >> good luck with that. >> i'm willing to talk about the four day thing. yeah. for us, we can have that discussion. >> we can have that discussion. >> everybody we can have that discussion. >> for everybody. >> i'm not

jamie dimon a while ago talking about bringing the full force to china.s ago to the date, to today, that china opened its markets to the world. and there was really unbridled optimism. goldman was going to double their head coach. jpmorgan was going to bring the full force of the bank to china. there was talk of $9 billion in combined profits up for grabs. almost none of that has happened and kudos to my colleague, kathy chan, who crunched the numbers on this. if you look at the most recent data available, the combined earnings for the biggest four banks in china, u.s. banks, is $33 million. it's just a pittance. these are banks that make tens of billions of dollars a year. china has contributed almost nob nothing to their profit over the last four or five years, despite this opening which came with such fanfare. it really has been a disappointment for them. lizzy: so which banks didn't make the china bet and are feeling pretty smug now? >> well, they're all there in one degree or another. i think some, particularly bank of america, morgan stanley, were a