so jamie, what's your story? [laughter] >> jamie: there's a pots um loose in alaska.. that was a beautiful thing larry just said but this is a real story. in homer alaska, which is a couple hours where i live, by plane, there is a possum or both. >> jamie: that's if they're irish. >> jamie: oh, is that right you go to the oh possum? so this possum named -- this is so weird but early this morning when i was reading this story there was this possum or oh possum gruby was on the lamb. which could mean he was banging other animals but you think it meant he was missing. but right before the show i get an update they found him, what was -- some people wanted to kill it because it could be an invasive species and soment waked it to live. you know what they did? >> greg: what. >> it is unwanted and it has been rehomed which is why it reminds me a lot of me at that same age that it was rehomed and the good news is it's still a live and they got it and put it in the alaska strew, which is where you want to go when you want to take a break from seeing cool animals. >> greg: is i

jamie does desantis have a chance in 2024. >> jamie: i think he has a chance.to like really be behind him i think he's been losing me recently. but, man, the lengths this man will go to not have to take his kids to disney world. [laughter] >> jamie: i heard he's filing a lawsuit against chuck e. cheese and build-a-bear. yeah, think i he's got a chance. i think it's fun to watch. have you been to disney, i've been to disney recently. i saw a lot of kids on leashes. >> yes. >> jamie: have you seen that the kids on a leash. i don't think it's fair to the kid, i felt bad. i think if you are a kid put on a leisure, you should be able to [bleep] on the ground. that's just -- >> pete: fair price. the parents clean up right behind you with a bag. >> jamie: yeah. >> pete: absolutely. tom is the disney strategy a right one? because desantis is leaning into it hard. >> tom: i think it is. i look at what's going on. i know there's a lot of headlines this week, beg loss for desantis, no, disney continues to hurt their brand. they're not a good player on the national stage a

tom: always fascinating with jamie dimon.et's bring back claudia panseri from ubs global wealth management. he talked earlier about the opportunities in bonds. as the window closing on being able to lock in these yields? claudia: not yet. there are some space to see central banks essentially is in the euro zone and u.k. to keep on hiking interest rates. but we are very close. we are close in bond yield in the short term which should remain at a high level according to us. we are not expecting any rate cuts in europe. i think for clients which have been facing negative rates for a long period of time the opportunity is really impressive. when you look at the return's in the coming five years, this is an excellent opportunity to lock in the good performance. francine: when you look at where you want to be invested, we also asked jamie dimon what he would do with $1 million of his own money. he said i would not defy sovereign bonds but you see certain opportunities imparts a fixed income? claudia: yeah, for clients who want to r

jamie -- jamie dimon, francine lacqua and the disney debacle. the bank of england, this is the difference between the united kingdom and america. lisa: hiking into weakness and acknowledging it. basically saying things will get worse and we need them to get worse to bring down inflation which is still double digits even after 11 consecutive rate hikes. tom: we have the perfect cast, jeffrey who will join us on the cultural approach to whipping inflation in the united kingdom or whipping it here. let us go to what we saw yesterday in america. mike mckee nailed it with his new index that chairman powell is looking at, things are pretty good. lisa: things are coming down as expected. the question is where do we go and how messy do we get in the process to head down. i will say today that we will get factory price inputs. and this to me will be interesting because one thing that paul donovan pointed out is that factory prices are rising at a slower pace than the prices that consumers are paying meaning higher profits for companies. tom: this is cpi

that was jamie dimon's concern. he spoke earlier to jim milstein, who is the guggenheim executive working with the fdic, who believes that the sec should step in forcing disclosure so we know when people are saying things on twitter, or otherwise, that we know what they are owning and to what extent they are going short. alix: that was different than 2009. the twittersphere wasn't as big. western alliance stock is up today saying they have seen deposit inflows. pac west is getting hammered because of outflows. i wonder if we are seeing differentiation because of outflows? guy: the evidence speaks for itself. this goes back to what do you do with deposit insurance?that is the other challenge we are having to deal with. it is too expensive. it is too unwieldy to do this on a long-term basis, but there are short-term solutions that could manage us through this process. i wonder if that is ultimately where we go?the market is may be reflecting , maybe not accurately, what investors sence in these institutions. what we c

we sat down with jamie dimon in paris. jp morgans, bank of americas, growing their paris footprint en masse, does that concern you and other french banking peers when it comes to a markets competition perspective? frederic: we have competition, whether it is in paris or doing global business. we have a global footprint, international footprint. we saw in the last 15 years the large u.s. banks benefiting from a better overall economy. we know that. in europe it is something much slower. we will see going forward. at some point things will happen. i think the crisis also shows that actually we should not consider that large banks are an issue. small banks can represent to a certain extent a kind of systemic risk. need to apply the same regulation to these small and midsize banks. we can compete. we have a good business model that we are refining, reshaping. we will be a leader in the mobility sector, we are moving to digital banking. i'm confident we can face this competition, but you are right, it exists, and we have to fac

jamie demetriou is with us.later, this is their new album, memento mori, depeche mode from the mercedes benz stage. the memento mori tour starts thursday in sacramento if you want to see depeche mode live. tomorrow night we will be joined bimonthlyy shannon and giancarlo esposito with music from nickel creek, too so join us for that if you will. our first guest tonight a double emmy winning actress who has a podcast and a new romantic teen comedy called prom pact premiering march 30th on disney channel and the following day on disney plus. please say hello to julie ♪ [cheers and applause] ♪ >> jimmy: well that's an entrance julia. >> julie: they said the audience was down because it was raining. >> jimmy: is that right? >> julie: yeah i can't hike the skirt up it doesn't work. >> jimmy: the truth is the audience is very up. it was persian new year last night. >> julie: and, as we all know, traditional perfect sean new york treat is cocaine. >> jimmy: is garlic. >> julie: oh. . >> jimmy: yes. no, not cocaine. gar

jamie dimon warns on risk of qt. it will info volatility. yields dropped ever so slightly this morning. rude's down. oil collapsed yesterday on the concern that opec might not move to cut this weekend. we dropped 4.4% the past two days. the rbc note says they may opt for a mean -- lean cut. with to, what you have got is a real response. and the aussie with a high pr response on the back of the chinese data tanking for the second month. and consistent concerns around chinese demand and that one-like it stool -- one-like it -- >> we will talk china pmi's with james mayger in beijing. stephen engle is here to talk about his exclusive jamie dimon interview. and it wouldn't be the start of a 6:00 a.m. show if we didn't have him filling us in of the debt ceiling vote today. manus: something everybody can vote for according to mccarthy. but china's manufacturing contracted for a second straight month in may, providing more evidence of a lackluster post-covid recovery in the second largest economy. let's bring in our greater economy china editor. i

the tale of the tube morgans i wonder if this is on jamie my -- jamie dimon who is a little hidden onhen he will retire. now it will be like will -- when will you retire? guy: you're right they heat is definitely being turned up. it is monday. i think the pressure is on. another five years there has always been a line but at some point that has to come to an end. jamie dimon we will deal with him next week. mr. goldman -- gorman is our topic right now. he will step down in the next 12 months as ceo at morgan stanley. he will continue at the bank as executive chair. weaving after years about succession planning. this is what he has been saying. >> i gave an indication i thought given my age that a five-year period felt very reasonable and they were very supportive of that. >> this organization i have been there many decades and it takes a long time to rise to the top. >> in the next decade will one of those be the ceo? >> there is a distinct possibility but i cannot guarantee that. i am giving the board choices. >> we have three executives that could replace me. they are all talented e

jp morgan ceo jamie dimon tells bloomberg he is hopeful it will pass. let's take a looking at futures. a lot of focus is what is happening in china. china's economic is reverberating across the board. it is hurting domestics markets and putting questions over some of the developed markets as well. contracts for the s&p 500 and euro stoxx 50 you can see dropping. futures down .8% but markets just stabilizing as they are opening. the worry i guess, what underscores all the concern about the recovery in the world's second largest economy could hurt commodities, could hurt luxury goods. we are seeing the spread across the board. equity indices just opening, the ibex in spain down .8%. the ftse energy-rich so this is a different composition when you look at the index. the ftse is down .4%. if you look at the other things we are watching, oil for example, you can see this is gas oil. you can look at brent crude at 73. 35. oil holding onto its biggest decline for forward -- for four weeks on supper demand from economies including china and sufficiently supplie

the boss of jamie p moran, the smaller banks. the boss of jamie p morgan. he — the smaller banks.e boss of jamie p morgan, he said this _ the smaller banks. the boss of jamie p morgan, he said this phase - the smaller banks. the boss of jamie p morgan, he said this phase of - the smaller banks. the boss of jamie p morgan, he said this phase of the i p morgan, he said this phase of the banking crisis is over. do you think that's a view that is widely held or not? i was trying to get at is whether or not he is right? you i was trying to get at is whether or not he is right?— not he is right? you 'ust have to look at the t not he is right? you 'ust have to look at the share _ not he is right? you just have to look at the share price - not he is right? you just have to look at the share price of - not he is right? you just have to look at the share price of his - not he is right? you just have to i look at the share price of his banks who are kind of, pack west saying they are exploring to gtech options. whether it's investors are short sellers, whether it's from your customers, somet

headline on jp chase right now getting comments from jamie dimon as well as cfo of jpmorgan chase againthis morning first republic the deal chris i want your reaction to this they did not seek out this deal they say the fdic invited us say this is a accretive to eps do expect pullback in lending some stress in the real estate market. and they say there are many attempts to reach open bank solution i would say did not happen as we know because now, jpmorgan chase has completely taken over now owns first republic. >> i think makes statements we didn't try to take this, dick bove said seeking institutions because profitable to do so fdic had to step in jpmorgan obviously, powerful player if fdic, government regulators jpmorgan involved will bring some order to overall banking sector. as far as lending that is no news we've been talking about this saying, already out there already there is going to be pullback, in lending cheryl: they say this is very different from 2008 crisis because remember, 2008 jpmorgan took over washington mutual, is still at the largest bank failure in u.s. history,

our grady trimble caught up with jamie dimon of jpmorgan chase. he of course fresh off a couple of weeks ago scooping up first republic, a smaller bank that was in trouble. here is what he said to grady about the debt ceiling, but there's more: reporter: did default come up and what was your message to the leader? >> what would it do to the banking system? >> actual default be a disaster and this has been said consistently over and over. reporter: so are you optimistic about a deal? >> let them worry about that. liz: so he had just left the meeting with the treasury secretary janet yellen and chuck schumer, senate leadership, and you know he was talking about the banking system. >> without a doubt. liz: how much more broken do you think it could get in another quarter point hike would come? >> oh, certainly could add even move stress to a regional banking system that's already under a lot of stress, but, remember, liz, since 1960, congress has acted 78 times now to raise the debt limit, extend its maturity or change -- liz: so it's going to happen

eastern time including jamie dimon.stions you have got at the moment you would like to hear asked, answered? lisa: just basically the loss sharing agreement. what they demanded, why they waited and what with a waiting for and what the fdic did that was the clincher to get the deal over the line. we know the fdic has been trying to get this auction across and haven't had bidders. jonathan: jp morgan up 2.9%. the broader market virtually unchanged on the s&p 500 this morning so far. jonathan ferro with lisa abramowitz. t kate will be back with us t kate will be back with us to202 pounds on golo.on and i'vt so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first starte

jamie yeah, i said, jamie, jamie, jamie, jamie. mood, dude. she said, i'm not in the mood, dude. i'm not in the mood for yo to go shut up. not in the mood. it said, i'm dry in the pool hello? oh no. yes hudson show. yes vacation will be back with donny. no. is george gaviria, and this is my business. mashonda. we bring heirloom corn products from mexico to every kitchen. i chose my spark cash plus card from capital one because i earn unlimited 2% cash back on everything i buy with no preset spending limit, my purchasing power adapts to meet my business needs and i reinvest my 2% cash back to help grow our business with new products like our tabletop masa mill. my spark card helps me fulfill my mission of bringing masa to the masses. what's in your wallet? could i get the ten piece chicken mcnuggets? no, wait. no big mac. mm sir, i'm still here. uh, one favorite, like a big mac or ten piece chicken mcnuggets and get another for just a buck right now at mcdonald's. and i find it funny when people think they can to find me, because i'm more than just one me. there's the one that lov

david: jamie dimon. [laughter] well regarded. [applause] but, why do you think it is the case that he is calling around and doing this and not the secretary of treasury, the chairman of the federal reserve, the head of the fdic? why is it a nongovernment person doing this? i would've thought a government person would do this. jane: david, why do you think janet was not calling around? do you believe everything you read in the newspapers? david: because when people in washington do something good they usually have their press know about it. [laughter] maybe she was calling around. jamie seems to be getting all the credit, if credit is the right word. or is it not fair to give him the credit? jane: jamie played a role. i think we all played a role. there was a very active discussion over that weekend. david: would citi consider buying first republic or you are not interested? jane: no. [laughter] david: another bank called credit suisse. credit suisse seemed to dissolve very, very quickly. were you surprised at how quickly that ban

shery: jp morgan's jamie dimon says it is time for regulators to put an end to turmoil. in the banking industry. he predicts more regulations on the horizon. >> we need to finish the bank crisis. he -- we have had policies on the verizon deal. the fdic, the federal reserve, whatever they need to do to make it better, they should do. shery: u.s. futures coming online. muted at the open, after we finished regular trading session. the s&p 500 under pressure. we had, pacwest slumping, deposits fell. the nasdaq 100 stayed above water. we had good performance by alphabet after it released new ai tools. it was about eco-data, jobless claims reaching the highest level since october, 2021. industrial production, producer prices rose less than expected. you had a picture where you are thinking inflation is trending lower, growth weakening a bit, does this mean the fed might be able to pause soon? we had treasuries rising, the 10 year following -- falling below the 33 level. it was about what the fed may do. oil prices with the economic indicators being bearish, fell. in the asian

jamie: yes.y folks would tell me that's not the problem, the shortselling band good if you analyze stocks and short sales, it's not a big deal. i think they may partially be wrong because as you know some people are unscrupulous and use other means to go short. but if you look at the detail, the sec has the enforcement capability to look at what people are doing by name in options, derivatives, short sales, and if someone is doing anything wrong, people are in collusion or people are going short and making a tweet about a bank, they should go after them vigorously and should be punished to the full extent the law allows. we have no evidence of it, but my experience of life has been, don't assume too much. francine: do you think rings will change because of this? jamie: it will get worse with banks. just more regulations, with more rules, more requirements. i hope they do it thoughtfully because we love the community banks and regional banks, we are the biggest banks to those folks, but if you ove

shery: jamie dimon speaking exclusively to francine lacqua.rd headlines. vonnie: thank you. pakistan's supreme court has ruled the arrest of the former prime minister was a legal and has ordered his release from custody. the turn in the ongoing political saga comes after he was arrested in an investigation, sparking violent protests. the court ordered he stay at a secure location before he appears at the islamabad high court for another case. turkey's main opposition alliances accusing russians of meddling in the upcoming presidential election. presidential candidates sent a tweet that russians were behind what he called conspiracies and deepfake content. another opposition counted it has withdrawn from the race after -- after the office into the of a sex tape. there's been no real progress made on aussie on's plan. speaking at the summit in indonesia, he urge the regional block to unite to resolve the crisis. myanmar has lingering problems as violence continues in the country. the block has a policy of noninterference in its members affairs a

jamie diamond wants leaders in washington to engage with beijing.s despite growing calls to decouple from china. carlos jimenez is on the china next. ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. lauren: the dow is down 278 points. the s&p is down 33 in the nasdaq down 74 as we await the vote on the debt ceiling deal. it's the final day of may. take a look at this headline in the new yorker. it reads, quote, the rise of latino white supremacy at a time erasing racial violence, potential perpetrators and potential victims. a lot to unpack. carlos jimenez, republican from florida joining us now. thank you. you are latino. what is your response to that article. >> if you believe in family values, hard work, the american dream, you hate socialism, makes you a white supremacist because that is not what the democrats believe in. if you don't believe exactly lik

,jamie in jamie, i want to bring you in with anotherjamie, jamie in east london.ed in what the gist of what jamie is saying, jamie in east london, we will get a response from the other jamie in a second, but what do you think of this, jamie in east london? i think one of the main issues, i have _ i think one of the main issues, i have worked on several schemes and developments in london, within the london _ developments in london, within the london context, and a lot of urban context. _ london context, and a lot of urban context, unfortunately, climate change — context, unfortunately, climate change is — context, unfortunately, climate change is something we need to consider— change is something we need to consider and notjust put all the responsibility for dealing with the problem — responsibility for dealing with the problem on the water companies. what i problem on the water companies. what i mean _ problem on the water companies. what i mean is _ problem on the water companies. what i mean is more extreme weather grants. _ i mean is more extreme weather grants

jamie dimon talks all things china as they look to boost their foot in the second largest economy. >>> nvidia to become the seventh stock to join that exclusive market cap club. >>> later, the case for higher rates. the latest fed head making a case for higher rates. it's wednesday, may 31st, 2023 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. i'm frank holland. >>> let's get a check on the u.s. stock futures on this final trading day in may right now we're seeing futures down across the board. the s&p, the dow, and the nasdaq down about a third of a percent, but it is early. however, it's been quite the month for nasdaq it's up more than 6.4% this month alone. right here you're seeing that upside swing for nvidia taking the market even higher this month. and now the nasdaq's on pace for a third straight winning month of the row, the index now just 1% away from a fresh all-time high we're also looking at the bond market there we're seeing some declines we start off with the benchmark tenure at 3.66 remember just yesterday

it is amazing we actually found g more repetitive thanlly found jamie's jokes.ust how much of politics seems to be having a well placed public meltdown. l [laughter]ng and you know that make me think a second i might be ae me think shoe-in but then i realize ited seems like you have to --s have them only be about preapprove narratives for your side, for example, this bill also had a 12-week abortion ban in it. and i have --n not heard as much about that as i have about the transpart. so i don't understand it is>> fascinating to me to think about i don'itt understand how people decide what things to amplify and when.d >> youho know what -- ten years ago she would have been institutionalized unhit like somehow -- the issue has scrambled people. tyrus angry, smash make the lady stop. you know whas t i'm going to bes you know whas t i'm going to bes i'm phobic all right i'm not qualified to speak on this anymore.ie i'm phobic ass tyrus don't ask me. i would say one other thing, we need a rhythm teacher when do we want it, now -- >> jamie do you think she won any con

now. >> jamie, did you think she won any converts?is it possible to defend her a little bit that she was in the wrong role. was there a lady out from with the protesters giving a thoughtful speech? [laughter] >> it is possible. that's a really nice way of looking at things, jamie. >> you are very nice. >> i look at her speech writers, i never heard these guys copy and paste. that was amazing. that was competitive. that was repetitive, wow. [applause] what's going on there? what do you think is going on with society? >> i saw that. i was playing this video in uber and the uber driver was looking at me, please make it stop. they really much so understand it is crazy. this bill had nothing to do with trans adults. it had to d with protecting children. when you see them starting to go for kids is like what kind of weirdo are you? >> wait until they're adults and ruin their lives. that's what i say. >> up next, the ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to help keep ou

that's clear we heard jamie dimon say, hey, this phase in the bank crisis is over the initial reaction, no, this phase is over. you have issues with commercial real estate. the building in san francisco is selling for a fraction of what it was worth a year ago, is not the only one that will crash in terms of value so, look, what jim said -- the only thing i agree with what jim said, the fed has three levers and they're ruining the economy or weakening the economy exactly, jim, that's what they want to do that's why you don't want to be long stocks right now because they will get their way. now what i tell you there's one fed meeting where i feel good about buying into it, it's this one. if the fed goes 25 bips the market expects it. if the fed happens to pause, the market will take off at which point it will rally for a few days and then i would sell it anything the fed does off script in terms of a tightening cycle means that things are worse than my friend jim, the bull, thinks. if you don't want to own it, earnings will come down, prices will come down >> liesman, i know you have to

jamie dimon says j.p.remain committed to doing business in communist party rule the nation. ceo of the biggest u.s. bank also says he does not foresee a decoupling between u.s. and china. >> over time there will be less trade. it would take years for these things take place but it would not be a decoupling. the world will go on. lisa: the remarks come as china u.s. relations are at their worst in decades. photos obtained show elon musk at a restaurant in beijing. the ceo of tesla met with china ministers for industry and information technology. he is expected to port tesla shanghai factory later today. south korea says north korean leader may be suffering from a sleep disorder. national intelligence says north korean authorities are intensely collecting overseas medical information for top rank and officials with insomnia including details on medications used to treat it. north korea has confirmed an effort to launch military spy satellite into orbit failed. the official news agency reported a rocket crash

>> i would agree with jamie dimon. we have had challenges with smaller banks but when you think of resiliency of larger institutions it's spectacular. when we think about that going forward, do i expect risk in smaller institutions, i do but the strength and scale to big institutions is great for the u.s. and great for the economy. maria: earlier we had investment partner and she was talking about the crisis leading to recession. here is what she said. >> there are definitely more shoes to drop. banks taking deposit which is are short liabilities and they invest long into securities or loans and when those deposits blow back out then the banks have to somehow find the cash to pay out the depositors, there's certainly more levels of consolidation, more shrinkage of the deposit base. maria: that's pretty much what happened to silicon valley bank. you are saying the larger global banks are fine, stable, but you still have some issues smaller? >> i think you can expect that over time. there are going to be consequences and

morgan, jamie dimon. joining us from the global summit.evision. it has been a few years since you have this in person summit. the last time you and i talked was the last time you have one invasion. a lot has changed. why are you willing to go high-profile as a major ceo of the company from america when others want to stay low profile and keep their heads low? how do you assess the u.s. china relationship and the impact he does having on business? ? to be back again after all this time and it is important for us to visit our clients around the world. when times are a little bit more complicated, i think it is important for the viewership to understand thoroughly 3000 investors here from around the world. there are hundreds of companies of chinese and non-chinese companies learning about the world, hopefully the business can be for good. i have enormous respect for the chinese people. there are some very complex issues that have to be dealt with. close at what point does jamie dimon have to become the diplomat? joe biden hasn't spoken to xi

i was going to say whatr jamie said. you know, it looks so bright.hat is we supposed to liken that with sunglasses on . i don't t get the logistics need to be worked out. >> what do you do if you have t a room on the top? doo be the windows only go up? and if you're miserable, you can make it from being up for five days. you have a psychotic break . a ps plus you can see the moon.break. if you're in daylight, you look up and see the moon do like jupiter or something that you can't see moone that be mort exciting, right? yes.ha no, dave, you're right. 'v they've done everythingith th conceivably possible with their oil money, with other like juset the . whpry not? don't go away. we'll be right back .o 85 ,i'm jonathan lawson here to tell you about life insurance through the colonial pen program. >> if you're age looking to buy life insuranceudt on a fixed budget, remember the three p's? >> what are the three p's? the three ps of life insurance on a fixed budget are price, price and price a price you can afford a price that can't increase and a price t

morgan ceo jamie dimon says a political career has crossed his mind. he spoke to stephen during his first trip to shanghai since the pandemic. >> i love my country. i love what i do. a great job for helping americans around the world. this is my job. tom: ross perot lee also entered the election at one point. he has been kind enough to join us. thank you for being with us. i will start with how the economy so i ties together with some of the washington uncertainty. you have been watching the deadlines. how have you been reacting to all of that? >> you have to be patient. i have great confidence in the nation's heaters coming together to get the debt ceiling done. the next big challenge will be the budget. it has a huge impact on the underlying economy. matt: matt miller in new york. i thought, when i read about the jamie dimon story this morning, i thought of your dad first because when he ran, i was just of voting age. it touched me deeply to have this will be exciting thing happening in american politics, someone entering from neither of the two part

alix: elon musk and jamie dimon talking that china. jamie dimon was in shanghai and he spoke to us in an inclusive interview where he discussed complex relationships between china and the west. >> over time, there will be less trade. it will take years for this to take ways, but it will not be a decoupling. the world will go on. tom: slowing chinese economy rippling through european markets. germany is the latest european country to report a significant slowdown. our question of the day, does bad china data help the ecb? let's bring in kathleen hays in new york. you spent a lot of time on the ground in asia. the expectations toward the end of last year that china was going to lead to an inflationary shot. -- shock. >> whether or not it provides coverage to the ecb, it's not a problem. china has been in its own universe. when it comes to growth, i think is the issue. if china is slowing down, and past business cycles we have been able to look to china to step up. they have so much demand, the export so much. the situation has changed. i

we did speak with jamie dimon exclusively yesterday.hat he had to say about the risks of doing business. >> when we visit a country and do business in other countries, we are therefore the citizens of the country. we are there through the good and the bad times. we are not predicting war or civil war. it has become a more complex situation. some for good reason, some for not good reason. there will always be risk. >> jamie dimon did tell me that over time there will be less trade between china and the u.s.. it will take years for this to take place but it will not be decoupling end of world will go on. decoupling was a term that elon musk has used in his now three-day visit to china. we have pictures of him meeting with government officials. he met with the foreign minister , i'm talking about elon musk, again the world's richest man. he met with foreign minister qin gang and he voiced the opposition to decoupling from china saying the interest of the two countries are intertwined. he also met with the i.t. regulator of china, the ceo o

which is jp morgan, papa jamie, or uncle jamie, is this where we want to use jamie?s this the bank we -- >> is this the bazooka >> right if you're trying to sort of finesse the king in a game of bridge, you don't play the ace until you've seen the king if jamie is the ace in this case, i'm not sure we wanted to play the ace here. maybe that's okay. if that's a -- that's one. and the other one, though, is that the fed is going to consider this longer-term risk or effect of tighter lending standards. that's something that the fed needs to weigh i can give you a heads-up on our survey tomorrow, everybody thinks the fed is going to hike but a lot of people think the fed shouldn't hike. >> the market reaction is telling. what does it tell you? >> well, the market is still behaving as if the stress in regional banks is beyond that phase where we have to worry about day-to-day liquidity issues and a stampede of deposits it seems to be somewhat segregated from the rest of the market today you have consumer cyclicals and industrials that are generally up on the day, even with

neil: yeah. >> yeah, maybe jamie dimon would like that. i mean the big banks have gotten deposits at the cost of the small banks. neil: wow. i thought, jamie dimon was dismissive with grady trimble because he asked legitimate question with you, he would be running away. you're terrific, jeremy. thank you very much. i appreciate it. neil: thank you, neil. neil: jeremy siegel on all of that. edward lawrence right now what the president is doing, half a world away in hiroshima, japan, for the big g7 summit. he is obviously aware what is going on back home. he is aware of what is going on with china, he close to china right now. what's the latest, edward. >> reporter: good morning from hiroshima, japan. the latest we're expecting a new round of sanction package to be released against russia for the invasion of ukraine. i can tell you i've been told it will close loopholes, that the russians have been using to get around the current sanctions. president joe biden has already met face-to-face with the japanese prime minister kashida here in japa

ja jamie, good morning. >> good morning, frank >> i'm doing well. you heard a bunch of ideas with portfolio protection i want to ask you. do you believe we're on the precipice of recession as an l - as a lot of people believe what are you doing to protect your portfolios? >> frank, we are at the beginning of the most anticipated recession in modern history. everyone expects recession that means most people already have portfolios prepared for it. you heard guests talk about lots of cash and short-term treasuries of the we see that in our investor portfolios. people are scared. scared of two things one is less about the recession, but more about the fallout from the potential debt ceiling problem where the u.s. government -- doesn't pay its bills on time. we understand having gone through that in 2011 and what happens to markets what i believe is a lot of people should invest more aggressively right now because markets, i think, are adequately priced for a short and shallow recession. what markets are missing is in this particular cycle the that cons

dani: jamie dimon was talking about this yesterday, too.idea of the bigger banks having the advantage in this environment. can we have those smaller baking institutions, can they survive when you are not just worried about technology but also having the capital to deploy and to back up some of the deposit? tim: jamie was great yesterday. i think what you see is a bifurcation of the industry. a small community banks playing an incredibly important role in their communities. you see a larger consolidation on the other hand in terms of scale. the big banks have the balance sheet to deploy in terms of putting technology to work. that is the kind of spending one must do in order to compete not only with other banks but technology platform companies. it is a skill business and you need a balance sheet you can put to work. dani: quickly, because we are almost out of time. if we know this risk in terms of the deposit, liability mismatch, we know that risk about the banking crisis, what is the biggest risk you think we are under appreciating at this

jamie baker. >>> from airlines to autos, shall we let's talk tesla the stock slightly higher today.ou might not have guessed it, but over the weekend, we learned warren buffett and charlie munger are fans of elon musk. >> yes, i think over elon musk overestimates himself, but he has a -- he is very talented he's overestimating somebody who doesn't need to overestimate to be very talented he would not have achieved what he has in life if he hadn't tried for unreasonably extreme objectivities. >> my guest says tesla is getting a 98 out of 100. let's bring in james geller, the ceo of rapid ratings jim, may i >> either one. >> tesla you think is balance sheet and financially speaking and pretty sound shape >> tesla is doing really well. at a 90 on the financial health rating scale, it is the farthest away from a financial problem, default. when you really break it down, you're talking about a company that has a significant amount of cash relative to any liabilities. you have a significant amount of cash rel tative to missteps. strong operating profits and net profits. any way you slice

. >>> jpmorgan chase agrees to the rescue deal for first republic taking overall of the assets ceo jamie dimon says this puts a halt to the banking crisis for the time being >> so many and this pretty much resolves them all. this part of the chrrisis is ov. >>> here in geneva, 69 million new jobs will be created by 2087 the managing director tells cnbc the economic outlook remains clouded. >> there is a split down the middle in those predicting recession, 45% the 45% predicting no recession. we are in the midst of the deeply uncertain moment. >>> good morning welcome to "street signs." we have so much to get through on the show today. i want to kickoff by bringing you important data at least as far as the ecb is concerned. that is the bank lending survey. policymakers the last couple weeks have been consistent that there are a couple of things they are watching. both of the data points come out that the ceb survey and the second is the inflation data coming out in an hour's time in terms of the bank lending data, non-financial lending corporate growth dropped to 5.2% year on year versus

yoyou may pay y as little e a0 per prescrcription. >>> jamie foxx is breaking his silence >>> jamie foxxaking his silenceyers but is not revealing what led to his three weeks after he was hospitalized posting, appreciate all the love, feeling blessed. foxx's family is asking for prayers but has not revealed what led to his hospitalization calling it a medical complication >>> turning now to an nbc news broadcast exclusive with the wife of twitch, the beloved dancer and actor, who died by suicide last year. she's now using his legacy to help others. here's anne thompson ♪ >> reporter: deejay steven boss lit up tv screens on "the ellen show" as twitch. electric with positive energy and dance moves. his suicide in december shocking the nation and his family. >> there is no one that saw this coming, no one, and that also breaks my heart too. >> reporter: in her first broadcast tv interview since her husband's death, allison holker voss telling "today's" hoda kotb about the day everything changed >> you know, people say a lot of, like, what were the signs and, you know, he was so much love an

jp morgan ceo jamie dimon said it can pose risk to lenders. hq0 ceo.t up for a crash and this is going to be a slow crash in '23 going into 2024. your thoughts? >> thanks for having me, cheryl. a lot of the narrative is less than positive and any time that you have record amount of financing going into commercial real estate and rates go up like the way they have, there are going to be some challenges. it's good to see the fed and some other agencies expanding on the statement they put out in 2009 regarding commercial real estate loan workouts, anything that we can do to help out and incentivize liquidity in the market wherever possible i think is really critical but what i think is maybe missing and what's really important for the industry to be focusing on is that this isn't just your typical, cycle, right, the user behavior change in terms of how people are working it's not going back and so i think the -- the good news is that great product is performing really well. our partners put out research that they saw 20% increase in high-valleyses in 2022

jamie, which camp? >> do not hike. >> really? >> do not terrorize the banking system anymore we're on the precipes of maybe getting into the meat of many of the regional banks, so the fed has the ability to kind of fix the problem it has created if you think about it, the overnight reverse repo facility takes in $2.2 trillion that's actually more than the gdp of south korea and that could be fixed very easily by the fed reducing the rate it pays on the reverse repos from 10 basis points to 25, restore deposits that are actually running out of the banking system and restore some stability. at the same time, they could also cut -- stop cutting rates they need to or we're going to be in trouble with regional banks. >> let me ask you, did the fed cause the banks problems or the bankers? >> i think the fed is directly responsible. >> it wasn't the fed that caused those bankers to load up on long-term treasuries, and it wasn't the fed that was engineering that or keeping deposit rates low. >> if you go back to 2019, when joe m jerome p

good to see you. >> good to see you >> react to what jamie dimon is saying at investor day i know it's company fed rates going higher, the message is be prepared for interest rates going higher. >> we were thinking there was a chance of that happening before march happened i think fed officials also said there was upside to their 5.1% mid-point forecast before then but we've now added the second wave breaking economic growth and inflation through credit tightening we do feel fairly confident that may was the next rate hike and the next move would be a rate cut. i think as a risk manager, bank ceos, other ceos need to deal with multiple scenarios and multiple possibilities to stress test their portfolios. thinking about economic fundamentals, we think the direction of travel is for lower yields the recent move higher, the 30 basis points we've gotten over the last couple weeks in the two-year and ten-year, it's a gift it's a gift to add duration again and be able to benefit from locking in the higher rates and capital appreciation rather than sitting around on too much cash which has se

i was on a conference call with jamie diamond, the ceo of jp morgan. as well as with analysts after the. suffice to say it is very, he's very happy with how this panned out. he's been able to sweep in once again and i don't know if you are going to be able to save the banking system but certainly did a lot to restore confidence in it as a result of this deal which is been a good deal for jpmorgan going forward this was a bank that did a lot of mortgages and commercial loans, as i said, a lot of those deposits had left. i think that he sees this deal as being very complimentary to the business that jpmorgan has right now, it's going to benefit going forward, and i think what stood out to me from what he said this morning on that call, and forgive me i've been up since 3:20 in the morning since this deal was announced was this part of the crisis is over and i think his choice of words there is so interesting. we have been kind of living with this uncertainty about a few regional banks for about six weeks now. there has been speculation at i think he's ri