and so when jamie morgan is saying, is that, yeah, it's central banks have their own digital currency. so c, b, d, c's. they will be able to follow the trail that's already been blaze by crypto currencies create a much less expensive prospect for banks to be able to send money overseas. and basically they're bypassing that swift banking system. and there was always one of the most interesting things i found about crypto currency in general, when i started to learn about it was the importance of those cross border payments were remittances are so expensive, take so long when it can be done so quickly and easily traceable through the block chain. now a separate report indicates that one of the biggest beneficiaries of cross border cbd c networks could be the association of southeast asian nations. why is that? yeah, because you essentially have about 10 different nations that are constantly having to change curves. and they all have their own currencies. so there's a couple of things that happen. you were mentioning this when you think about the process, right? that that money goes thro

morgan after jamie dimon's joke about j.p. morgan outlasting the chinese communist party. ear to have a rolling apology underway from jamie dimon. the latest 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

jp morgan in damage control. 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

at an event yesterday at boston college a person as jp morgan chairman and ceo jamie dimon a questionbout doing business in china. this is how he responded. >> i was just in hong kong i made a joke that the communist party celebrates its 100th year, so is jp morgan. i'll make a bet we last longer i can't say that in china. they probably are listening any way. >> well, today mr. dimon walked back those remarks in a statement released by jp morgan, 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 said he regrets his, quote, recent comment because it's never right to joke about or denigrate any group of people whether a country, leadership or any part of society and culture. >>> managing director and senior policy analyst at long view global, worked at the d.o.d. china policy under the obama administration and cnbc contributor. thanks and good to see you again. doesn't this show how much power china has on the world stage right now? >> thank you for having me on this evening i don't

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

back to that jpmorgan morgan story and the c.e.o. jamieimon joking that his bank is likely to outlast the chinese communist party. he 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 medi

reporter: the relative swiftness of the apology from jamie dimon really shows how much is at stake for the bank. j.p. morganon 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 -- verse archie -- versace has fallen afoul. shery: coming up next, the latest on the oil supply situation, the impact of a maj

jamie dimon says that jp morgan will outlast the chinese communist party. if you hours later, he apologizes. $20 billion of exposure to china. we will talk about that a little bit later. nordstrom and gap are dumped after missing estimates. deere is back into gear after its recent strike, projecting record income for 2022. jobless claims plunged to levels not seen since 1969 as the labor market continues to recover. we will be joined by nela richardson, the chief economist for the adp research institute. from london, i'm guy johnson. today my cohost in new york, gina martin adams. alix steel is off today. apparently she is in preparation for what i hear is an important day tomorrow. welcome to the show. i am watching the equity markets as we go to thanksgiving. consider stocks getting -- consumer stocks weakening. gina: glad to be here. you are spot on. markets obviously weak heading into the open this morning, getting continually weaker. most of his this consumer side which is incredibly -- most of it is consumer side, which is readily where. tesla driving

jamie dimon came around quickly to essentially put out an apology after this joke he made. 18 hours, of course, it took him. the joke was about jp morgan outlasting the communist party. we of the communist party in china has very thin skin. 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 w

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

morgan ceo, jamie diamond, was allowed to skip $21.00 day hotel quarantine because it involves a very huge bank and his trip carried totally manageable risk. here's a guy who takes risks and when they go bust gets bailed out by the taxpayer. and not only did they get bailed up to get rewarded. so for every dollar jamie diamond steals the taxpayer, gives them an additional 10. and it goes to hong kong on a junket, any breaks loss. and he makes a clown of himself. and he did a den upgrades. everyone in hong kong has been denigrated by jamie diamond. the world press applaud him and things aren't going great over there. i wonder why, but nevertheless, i would look around the world and you see the impact of all of this flagrant money printing compared to el salvador. here in el salvador, the sun always comes up. the volcanoes always erupt. the waves always come in and now their money is tied to unimpeachable mathematical certainty, brick coin, it fits in el salvador to hand in glove because i recognize the name of the building of nature, bitcoin as nature, and they're going to benefit stro

jp morgan ceo, jamie dimon says his back is likely to outlast china's communist party. 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 da

. >> jp morgan ceo jamie dimon regrets making the credit that -- outlast china's communist party. in a statement, he said his comments were only trying to emphasize the strength and longevity of his country. jp morgan has around $20 billion worth of exposure in china, and ambitions to expand even further. european governments new efforts while avoiding curfews and lockdown. germany may consider vaccine mandates for people who work with vulnerable groups. denmark is seeking to make masks mandatory on public transport. the european union delayed new travel guidelines as it waits for data on the efficacy of different vaccines. china's tech industry regulator ordered tencent to stop rolling out apps as it reviews the complaints and privacy laws. updates of existing apps are also on pause. current versions can still be downloaded. tencent is working to enhance user protection features and regularly cooperate with government agencies to ensure compliance. germany's new coalition government is promising to slash greenhouse gas emissions with a faster coal exit, more renewables, and a new

everybody says what is jamie dimon going to do when he leaves j.p. morganthey extended his contract and got through health issues. when i talk to people j.p. morgan like senior people that are friends with him they point to stuff like this, look what he said about trump he is so politically incorrect and says these things. here's was really horrible about this. major american businesses and j.p. morgan is a great business. has to kiss china's rear end. the communist chinese rear end who were imprisoning people, who are torturing people who are cracking down on ethnic minorities and religious minorities and just to do business with them they can't say the truth. >> is saudi arabia as bad as china, they killed a journalist. liz: let's chop somebody's hand off. >> i don't think anybody is at the extent of china china is really out there on the fringe of cramping down on free speech. i'm not looking to move to saudi arabia anytime soon. but china takes it to another level. i'm just saying if you own american businesses part of me is saying i understand what jam

china appears to have accepted an apology by jp morgan ceo jamie dimon.ut last china's communist party. he says he regretted making the mark and should not have make it -- the remark and should not have made it. they said it was the right attitude. jp morgan has almost $20 billion of exposure in china. they european central bank is considering whether to put limits on the riskiest parts of banks lending to indebted companies. bloomberg has learned the ecb supervisory board has discussed capping newly originated leveraged loans at a certain share of ended -- of individual banks' balance sheets. that is your bloomberg business flash. guy: great stuff. thank you very much, indeed. it is thanksgiving in the united states, but the impact of rising inflation on americans' turkey dinner may take the edge off a bit. we will talk about that was ed ludlow, who joins me now onset. jan hatzius published a note to little earlier on i goldman sachs talking about the need for a faster taper. he's talking about may be seeing a doubling of the current pace that is expecte

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

morgan ceo jamie dimon walking back comments he made about the communist party and the fallout. the details are next later, we're heading south of the border for "options action". how they have a master etf all that and much more when "fast money" returns "fast money" returns >>> ♪ ♪ cases of anxiety in young adults are rising as experts warn of the effects on well-being caused by the pandemic. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [crowd cheering] i'm not a coach, but i invested in invesco qqq. which gives me access to next-gen statistical analysis software. become an agent of innovation with invesco qqq. mpblsz welcome back to "fast money" jamie dimon doing damage control, walking back comments on china he quipped that his 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

jamie dimon ceo of j.p. morganld 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

jp morgan ceo jamie dimon says the bank is likely to outlast china's communist party.made the comment during a panel discussion where he reiterated his commitment to the country, saying china -- the business community should have taken issues related to china more seriously. >> i made a joke that the common's party has celebrated its 100th year, so has jp morgan. maybe we will last longer. i cannot say that in china. yvonne: he meant it as a joke, but some of these things might not be that funny. rishaad: that he is confident enough to crack a joke like that. yvonne: you really have to be careful when you tread that line. we saw it with blackstone. you just have to be careful. we are talking more about this briefing we are hearing out of china, the taiwan affairs office talking more about punishment of taiwan separatists will be based on law. they also commenting on how taiwan businessmen should know how they can donate funds, according to a spokesperson on the back of what we heard about how china was targeting some of the corporate set weight -- may supporting taiwan

jamie spears has denied any wrongdoing morgan norwood abc news, los angeles. covid-19 related supply chain issues quickly creating a nightmare scenario for many aspects of our bay area economy, including winemaking a worldwide shortage of glass bottles has given napa valley wineries challenges. they never could have imagined and honestly patience is wearing thin abc 7 news reporter cornell barnard has the story from wine country. it's really hard to find a glass right now one el faro spent all day trying to find something which used to be plentiful in the napa valley glass bottles. he needs them for his winery and his brothers olive oil company. luckily. he just scored 10 cases of small bottles at this supply store. you cleaned him out. yes, i did. so yeah, we got lucky and this is what they have and that's what i'm taking. oh my goodness bottles are darn issue this year. napa fermentation supplies manager ben james has never seen anything like it glass bottles becoming almost impossible to find due to covid-19 related supply chain issues shipments of traditio

jp morgan's ceo jamie dimon has added to the criticism of hong kong's quarantine rules.fter arriving in the city and skipping several requirements that would require him to stay three weeks and it is a good hotel. a survey of financial firms said they are contemplate moving staff or functions out of hong kong. >> this is a very huge bank with key business in hong kong. he needs to come to hong kong for business for a day or so. his activity was restricted camesa entire trip was restricted. therefore the risk was considered marginal. vonnie: 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. this is bloomberg. haslinda: thank you so much. we check on where markets it out of japan. up 0.3%. as you know, japan has been a lackluster performer this year. it has prompted a massive buyback for the likes of softbank. the hang seng up by 1%. gains for the cost be rational marginal -- are rather marginal, 0.1%. inflation concerns are front and center. as we talk about inflation and brent crude

morgan ceo jb diamond skip -- jamie dimon skip the quarantine, carrie lam says the bank does a lot ofand jamie dimon is relatively low risk. global news 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

morgan ceo jamie dimon is being criticized after he apologized twice for remarking wall street largeston boxes comments back saying it isn't right to denigrate the country or the leadership but some point out his comments were not the problem but the apology to the communist nation as 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

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

taking aim at china's communist party, jp morgan chase chairman and ceo jamie dimon makes an offhandthe ccp. what it could mean for his business now that he secured 100% control of a china venture. markets are pulling back, we have a triple digit selloff of the dow industrials t dow down 113, s&p 500 down 12, nasdaq lower by 45. we're standing by for key economic data this morning. we've got initial jobless claims, durable goods orders and third quarter gdp on the docket for 8:30 a.m. a this morning, we'll get you those numbers and see if they impact markets. this a after a mixed day yesterday, the dow and s&p 500 were higher. the nasdaq closed lower, big tech hurt by rising bond yields which now are at a one month high. the dow industrials up 194, but the nasdaq down about 80 points at 4:00 on wall street. let's check the eurozone, european markets are mixed and we see fractional moves across the board, ft 100 is up 9, cac is down 10 and dax index lower by 93. in asia overnight a mixed story. japan was the worst performer, nikkei average down 1 and two thirds percent on the session.

jamie dimon. last week j.p. morgansaying they owe them $250 million musk responding in only the way musk would to "the wall street journal," saying, quote, if jpm doesn't withdraw their lawsuit, i will give them a one-star review on yelp this is my final warning according to public records, j.p. morgan hasn't worked on any tesla offerings or transactions since 2016 guys, i don't know >> who gets away with these kind of statements. >> if you read the details on it -- >> if the company wasn't worth a trillion dollars on it. >> if you read it, it sounded like a slam dunk for j.p. morgan they had warrants to issue if the company was put up for sale. and musk tweeted they were going to take it public. so j.p. morgan at that point repriced it. when they redid it, they raised the strike price, that's what they're fighting over. by his own admission, tweet, this was the case, right >> normally banks would be hesitant to poke the bear, though the biggest car company in the united states -- >> because they want more business but

morgan. daniel pinto moving across the atlantic, going from london to new york. he spent 20 years here. more on jb dinan -- more on jamie's lieutenant, next. ♪ laura: it is time for the bloomberg business flash. chemical company dupont is expanding into electric cars and driver assistance systems. dupont has agreed to buy engineering materials maker rogers for about $2.3 billion. rogers develops advanced electronic materials used in electric vehicles. under armour rose in early trading after raising its full-year outlook and posting quarterly by revenues -- quarterly revenues that beat estimates. under armour expects revenue to rise around 25% for the full year. elon musk says tesla has not signed a contract with hertz yet on that record order for electric cars. last week, the rental car company said it would buy 100,000 model three sedans for $4.2 billion. that sent shares of tesla rocketing to a record high. musk tweeted there was no signed agreement. still, hertz says it is already receiving the cars. that is the bloomberg business flash. alix: thanks so much. we will get to more on tesla later on in the hour. in the

banking giantjp morgan has been scrambling to limit the damage to its chinese business after a joke by its boss jamiechinese communist party. jamie dimon made this drug at a conference of ceo's said 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 criticis

jamie dimon are really upset about that. but honestly, at this point, thankfully jp morgan needs china more than china needs banks like jp morganare we seeing in terms of giving up the covid zero strategy that has wreaked on the economy and just access for bankers, for business people going into china? >> it is almost impossible to get into hong kong or china, certainly not without going through a quarantine period. even on the ground we are seeing more restrictions. the are seeing entire apartment complex lockdown, testing happening, students being quarantined because their teachers has been was infected or a child was infected. so we are seeing quite a lot of serious curves that are happening. it does make it difficult for businesses to happen. it makes it hard for people like jamie dimon who want to get in and talk to people here to actually do that, that face-to-face communication is vital for business and just isn't happening. what at this point hong kong is saying it wants to reopen china and that's hong kong's priority. they need to make sure there are no cases of coronavirus in the city and that's what they are committe

morgan chase. have you read the story about how jamie dimon and elon musk don't get along. front page of the wall street journal. they do not get along. stuart: what's the problem. susan: for many years, they say it might be personality. stuart: tesla is on the s&p 500 list of winners. now show me nasdaq. we have tesla right at the top. nvidia when you talk about that come up again. a big gain. overall we've been open for six and a half minutes in the dow industrials are up almost a half a percentage point, 162 points. the ten year treasury briefly went back above 160 now it's 159.4 still up on the day, price of gold down $36 that is nearly 2% of 1818. bake when struggling, $58000 a share, gold is back to 1818. i think we got that already, can you give me oil, this is important. 472. oil is at $75 a barrel this morning, that is a big deal that was suggested in future the price of gasoline might not keep on going up, it could come down it is holding steady at $3.41 a gallon, by the way you will pay a dollar 30 more for the same gallon of gas in california where it's reached

elon musk and jamie diamond have been clashing behind the scenes. >> the wall street journal reports jason morganng tesla, because it is $162 million, a major bank attack and sues a major client it that's what you have now. from diamond and musk it exacerbated when tesla gives chase to tesla dealers it delicious so they are mad. why do you care? the way elon musk is responding, if they don't withdraw the lawsuits i give a one star review on yelp. this is my final warning. he doesn't care. and that is how he governs his company. stuart: always making headlines. he is good for the news business. 50 up for the dow, 40 down for the nasdaq. remember the california -- declaring itself a sanctuary city not from immigration but from federal covid restrictions. we have a mayor of that city on the show today. squad member rashida tlaib says she's fearful that senators manchin and cinema cut build back better, role tape. >> i'm fearful of that, those groups guide this agenda. >> manchin and kristen sinema. stuart: a civil war in the democrat party, looks like chaos right before christmas, you cannot believe

don't know if you saw this news, we were talking jamie dimon, now walking back a comment he made about china's communist party. he said he thought j.p. morgane made that comment i was trying to emphasize the longevity of our company talking about can you get ae way with saying anything getting away with it here we have a free speech issue in china he's over here in the united states making a comment, a joke at best. >> he said it tuongue-in-cheek you have to be careful when you offend your commerce or potential customers. >> it's another sign you can't, when it comes to china, it's at a different level. >> you can say whatever you want you can't do business there if you do. >> right >> by the way, elon musk makes all kind of comments and insults people he does not insult the chinese the chinese government, he is very careful to suck up to when he's over there because it's such a big part of his business. you can insult whoever you want, say whatever you want. that may be the end of your business there if you do. >> it points to how difficult it is to actually have a true free market and any kind of sense that china is moving directionally t