but he said about iraq and jamie morgan was completely and totally untrue. i've never had a discussion with them. now, i'm not suggesting that it was a phone call between j people than in black. that's what happened with j. p. morgan and the consulting of other banks did. in fact, prop the whole iraqi economy to the tune of about 2 and a half 1000000000. not 20000000000 other than 6 miles off. so he left office blair from a signed by a j. p. morgan for $5000000.00 every year. i was just trying to enlighten the public. there was corruption involved and not just bad decision making. i'd like to find out how this gentleman managed to access the court. there must be a back door in because they don't go out for tea a time. and there was a court directly underneath the court room, the play was in and it was left on not. so i went through that run up 2 floors by the fosgate and then to the, to the door that called itself. by this time my heart was pounding like, you know, really going mad. and i actually lost my courage. for the moment i went and sat down in a low

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

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

morgan chase? yes. from by jamie diamond. course, jamie diamond, a big coin. and now we know why, because we're big point a can't sense or a transaction big for political means for sure lens true. but over there at this bank chase, he can censor general plan by cutting them off from his credit card, which is a form of censorship. which is violation of the 1st amendment, right? freedom of speech. so it's at the constitutional, it's breaking the law. jamie diamond again, remember he's paid hundreds of millions a few billions of dollars because he's been a receipt of the law breaker for years now. and that's is, that's his party trick. when he shows up somewhere and the hamptons are new york, they say, hey jamie, hi and nice to see again. jimmy here can spell backwards. what can you do? i can commit fraud and i have to pay a small fine. they're just pay my slip a $1000000000.00 from committing fraud. i'm jamie diamond reporting trick. right. well, unfortunately, when you undermine the country like that, the country is going to go into the garbage. jamie diamond p

finally convinced jamie diamond here big point price could 10 x and the next 5 years says jamie diamond ceo of j. p. morgan chase, of course you, when i have covered him for years here, even before bitcoin, about the shenanigans going on at. if you can call it that shenanigans will say it politely. you know, add j. p. morgan but he was dissing bitcoin in 201-320-1420. 15. 20. 16. 20. 17. 2018. 20. 19. 20. 20. and now in 2021. as you predicted, he capitulated and he's saying, a big clients going to 10 x in the next 5 years. yep. yeah, yeah. jamie diamond was critical, a big claim. and starting when it was a $200.00 a coin. it's now around $45000.00 coin. it's adding as he points out 10 x from here. so he's looking for up to a point or 52500008 coin. and i've been telling you for years i had this recurring dream about jamie diamond. he would be coming toward me and a deserted match and in the hamptons, and for years he just got closer and closer. and then finally, this week he was in view. he was there on the floor weeping and sobbing, and begging forgiveness. and like a good big corner i forgive jamie and n

finally convinced jamie diamond here big point price could 10 x and the next 5 years says jamie diamond ceo of j. p. morgan chase, of course you and i have covered him for years here, even before bitcoin, about the shenanigans going on at if you can call it that shenanigans will say it politely. you know, add j. p. morgan but he was dissing bitcoin in 201-320-1420. 15. 20. 16. 20. 17. 2018. 20. 19. 20. 20. and now in 2021. as you predicted, he capitulated and he's saying, a big one is going to tax and the next 5 years. yep. yeah, yeah. jamie diamond was critical, a big claim. and starting when it was a $200.00 a coin. it's now around $45000.00 coin. it's adding as he points out 10 x from here. so he's looking for up 245-250-0008 coin. and i've been telling you for years i had this recurring dream.

finally convinced jamie diamond here bit point price could 10 x and the next 5 years says jamie diamond ceo of j. p. morgan chase. of course, you and i have covered him for years here even before bit quiet about the shenanigans going on at if you can call it that shenanigans will say it politely. you know, add j. p. morgan but he was dissing bitcoin in 201-320-1420. 15. 20. 16. 20. 17. 2018. 20. 19. 20. 20. and now in 2021. as you predicted, he capitulated and he's saying a bit points going to tax in the next 5 years. yep. yeah, yeah. jamie diamond was critical, a big claim and starting when it was a $200.00 a coin. it's now around $45000.00 coin. it's adding as he points out 10 x from here. so he's looking for up 245-250-0008 coin. and i've been telling you for years i had this recurring dream about jamie diamond. he would be coming toward me and a deserted match and in the hamptons, and for years he just got closer and closer. and then finally, this week he was in view. he was there on the floor weeping and sobbing, and begging forgiveness. and like a good big corner i forgive jamie and now he's one of u

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

can drug cartels now bought up by wells fargo report and jamie diamond over there, a j. p. morgan, hundreds of millions, billions of dollars. the fines for essentially committing financial fraud. and it's been replete in the financial sector and people say, well there's no, there's nobody getting injured. there's no, as a victim was crime when warren buffet and charlie mongo commit fraud. but this is the, this is what happens is that it sends a green light to all cooperation to mimic what happens in the last 3 banks by simply ignoring the rule of law and making the constitution pay to play. so it's straight, i'm a big, it's freedom of speech is a service you know, you have to pay for freedom of speech is what they're saying over there. and facebook at mark soccer berg. so you know, the jokes on america though, because the status of the united states around the world. now, i can't imagine that ever being lower where you have the taliban openly mocking the u. s. and cowboy church, you left at $85000000000.00 with the hardware here. well, you know, that's 165000 rate of return based

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

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 apprenticeship

jp morgan is the poster child for all financials, right, everyone loves jamie daimler when you look at goldman, goldman has actually performed when you get a chance to buy goldman that is under water, so to speak, on an rsi level i think you want to jump at that but yes, you have to look at the yield curve. eventually, yields will go up. eventually the curve will steepen. hopefully the curve will steepen because i am pretty deep into value stocks and value stocks do need that? >> banks are value. >> steve, we will take a break here stick with us because we have breaking news on general phil lebeau. >> general motors has put together a plan to fix the recalls on chevy volts to fix the battery fire problems. chevy will be repairing these modules starting in october. they don't say how long it will take but they are working through this process of not only fixing the defective modules now that they have determined exactly what the problem is, in these chevy bolts that have these batteries that were manufactured by lg chem. they are going to be fixing them and putting in diagnostic softwar

what's not great is that, well, okay what do i buy i watch jp morgan down 2 i say that needs higher rates. 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 co