immediately put out plans to help people who are hurt so if you're one of those folks out there, you're jp morgan chasel in and we'll get you help deferring payments. maria: so if you're not getting paid and you're a chase customer , you're going to help them? >> not charge fees and certain things, help you through that. maria: that's a big deal. >> it's a big deal, so this shutdown is not good but my bigger complaint is that america maybe because of bipartisan politics has been unable to do a lot of things that need to be done so you had some. you had some tax reform that some regulatory reform but infrastructure, we put a man on the moon in eight years, our schools are not graduating people we don't have enough programs, we don't have a trade deal, we don't have a immigration deal, and these things are holding back our country and hurting all americans and i really believe these are the reasons we have 2% growth, not a new normal our own bad policy across a broad spectrum of things, and then we need to fix it. maria: how do we fix it? how do you break this of all of this hate by the way? >> i don't k

maria: my thanks to jp morgan chase chairman and ceo, jamie dimon. reet right after this. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. patients that i see about dry mouth. they feel that they have to drink a lot of water. medications seem to be the number one cause for dry mouth. i like to recommend biotene. it replenishes the moisture in your mouth. biotene definitely works. [heartbeat] [kno♪king] ♪ memories. what we deliver by delivering. and now you know. jardiance is the first type 2 diabetes pill proven to both reduce the risk of cardiovascular death for adults who have type 2 diabetes and heart disease... ...and lower a1c, with diet and exer

jp morgan chase about to report its results.you all the numbers that you need to watch as the numbers cross the tape, and we're gaming out the scenarios for brexit and your money stk ouicarnd (client's voice) remember that degree you got in taxation? (danny) of course you don't because you didn't! your job isn't doing hard work... ...it's making them do hard work... ...and getting paid for it. (vo) snap and sort your expenses to save over $4,600 at tax time. quickbooks. backing you. >> earnings season is in full swing. look at the chart or if you are on the radio imagine a beautiful chart with a bunch of big name company logos on it. in about an hour we are going to hear from jp morgan chase. it's going to be followed by other names like wells fargo, united health, and delta airlines that's just today. you got goldman tomorrow, bank of america, amex, morgan stanley on thursday. netflix. by the way, there's a brexit vote let's bring in larry mcdonald, head of global macrostrategy, acg analytics, editor of the bear trap report, cn

. -- j.p.e ceo of jp morgan chase into dozens six and in 2007 added the title of chairman to his official titles. he is the chairman of the business roundtable. he is also on the executive committee of the business council and the partnership for new york city and in addition to the economic club, he is a member of the financial services forum, the financial services roundtable, and the council of foreign relations. chasehrough j.p. morgan and his own private family foundation is very engaged in a multitude of philanthropic activities but most of them are focusing on the underprivileged and helping them to transfer to the workforce development and job development. he agreed to join me in a conversation where he agreed that no topics were off-limits so that should be interesting. in addition to my prepared to questions, i will also be drawing on questions submitted by our members through our online club membership. i should point out that this anding is on the record there are many journalists in the room. if you would please welcome me you would please join me in welcoming jamie dimon, we

maria bartiromo spoke about that exact issue with jp morgan chase ceo, jamie die. maria: let me ask you about china. this is the subject of the day, certainly for this administration. has it impacted your business? >?the trade fight with china? >> not directly. the trade fight, there are legitimate complaints about trade with china which have been laid out by the administration. i think the chinese understand that. i think it's important we fix that. all the business people i know say it's got be fixed. i think we have generally the support of japan and europe of fixing it so we need to do that. lauren: you can hear more of the interview today on "mornings with maria" at 6:00 a.m. eastern time. cheryl: kim jong un is in china for a fourth time this year to meet with china's president, xi jinping. the visit comes ahead of a possible second summit with president trump. there was a lot of heavy security around the north korean leader. north korea recently said it would resume the nuclear buildup if the u.s. doesn't ease sanctions, something the united states says they

analysts looking for jp morgan chase which is a dow component, big one, and wells fargo to post sharply higher earnings per share from a year ago, so positive estimates. but wells fargo's revenue is expected to fall slightly. they've had a lot of problems at the bank over the last year. investors will be listening for any possible comments on their outlook. interest rates, economic growth, geopolitical concerns, both of those banks. we're also going to be hearing from united health, another dow components and delta airlines comes out this morning. we'll have more on earnings later on in the show. lauren: president trump digging in on his demand for a border wall. in an astress to the american farm bureau federation, the president pushed the immigration agenda and blaming politics for the shutdown. >> when it comes to keeping the american people safe, i will never, ever back down. i didn't need this fight. this is a real fight. we're dealing against people who think if they can stop me from building the wall, again, we've already done a lot of work, but they think that's a good thing for

two big banks taking down their growth estimates for the american economy due to the shutdown jp morgan chaseow seeing first quarter gdp growth coming at 1.75%. that is down from the previous estimate of 2% it is, though, the second time in two weeks that jp morgan has cut their growth outlook as the shutdown simply drags on in the meantime, barclay's also cutting their first quarter growth outlook by half a percent. they're a little more optimis c optimistic they see growth still at 2.5%. >>> let's turn to the rapidly unfolding situation in venezuela. the state department ordering all non-essential u.s. workers out of the country as political tensions continue to rise. this comes now as venezuela's generals, the military, throwing its support behind isolated leader nicolas moduro. the u.s. is now looking for ways to cut off the money to the moduro regime and back that nation's opt zbligs leader and self-declared interim president. oil prices are pushing higher this morning as tensions rise in that opec nation joining us now is catherine rooney vera chief investment strategist at bulltick cap

the ceos of chevron, cisco, anheuser-busch, dell, jp morgan chase, uber. that's just a sampling they're all going to be on the docket keep it here throughout the course of the morning on cnbc. >>> well, still ahead on worldwide exchange, trade turbulence conflicting reports over u.s. and china trade talks sending shock waves through the global markets more on that fall-out coming up next and the shutdown showdown. it continues we are now in day 33 of the partial u.s. government shutdown what the white house is saying about the impact on the economy whenorwi ehae tus wlddexcngrern whenorwi ehae tus wlddexcngrern after this his family. his steinway, which met a burst pipe. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to gustav: leave it to me. a temporary address, temporary ivory, and help him get tickets to the mozart festival. excuse me, grant likes beethoven! uh, the beethoven festival. pure. love your insurance. take your razor, yup. up and dow

jp morgan chase can't be in that. it is impossible. we spent hundreds of millions of dollars getting prepared for that. not everyone is. the people in the state people aren't. we don't understand today. we have to know what's going to happen so it's unfortunate, i'm hoping they have the agreement which all that is is an agreement that gives them two -- four years to negotiate a real deal. and that two to four year, i should say negotiate. it's not a negotiation. it's a surrender. it's one 100%. they can simply dictate it. britain has no choice. i'm not saying they're going to do that but it's a complicated situation. they played it badly. >> the european election -- >> we don't know until we negotiate. >> by the end of the year, we have this. how you prepare for that? >> most important thing is, if you're a client, we want to serve you. we do stress test before that. we look at the range of possibilities, even the worst once. jp morgan has to survive. think of a disaster in china we can handle. we can handle it, that's not my preferenc

jim cramer jp morgan chase posted anybody who sold the stock at $97 is a first class idiot. >> i used the term moron because i was being a little more gener gentile. i think some people said i didn't know the trading could bring them down that much. there's so many lines good in this quarter that stock which is now up, i felt it wouldn't be up this much only because they did talk about how they had it. they are worried they did talk about construction you need to pull in just in case things fell off the rails. i think they were ready for j to kill the economy jay wanted to do that but he would never use those terms. you want to buy justice of the peace -- jp morgan the numbers you got is far more po important. >> you said something this morning, we're talk about jpm but made me think about them it said hedge fund guy, they love to talk about their winners and ignore losers. it made me think about the quarter. i think about goldman sachs. if they can't understand the volatility and profit from the fourth quarter should we believe that goldman sachs will do it when they have their numbe

your top stories right now, earnings in focus, jp morgan chase out with disappointing numbers this morningnews, that impacted futures as the company did report weaker than expected earnings and revenue pretty much also a bit disappointing but some say in line as well. so the stock is down, that certainly is how the market is viewing it. futures came off of the highs this morning, dow industrials looking at a gain of just about 6 points, s&p 500 up just 3 points and nasdaq while higher it too off of the highs of the morning. markets posted losses yesterday on worries of an economic slowdown. the dow was down 86 points at the close, s&p was down 13. in europe this morning a mixed story. it was positive across the board. here too, the jp morgan numbers impacted the sentiment there. the fq100 is struggling to stay positive, up just 2 points, cac is negative by 2 and the dax index is down 26 points. asian markets finished higher overnight across the board. best performer was hong kong, up better than 2%. it is electric, president trump tweeting about volkswagen's investment in america's heartla

earnings per share are expected to jump 20% from a year ago, jp morgan chase, wells fargo will release numbers tomorrow, we'll get earnings from bank of america, goldman sachs wednesday. morgan stanley on thursday. overall, trading revenue for the big banks expected to be strong but fees from investment banking could fall from last year at this time. we shall see. >> gerri: embattled utility company replaced its ceo as it considers filing for bankruptcy over california's deadly. dagen:wildfires this year. tracee: they say the ceo has stepped down and according to reuters the company is in discussions with investment banks for a financing package to help it through possible bankruptcy proceedings, a sign that a chapter 11 bankruptcy filing could happen very soon in the wake of potential liabilities from the deadly california wildfires. p g & e could be responsible for tens of billions of dollars for its role in california's devastating camp fire last year. a bankruptcy filing would be a last respor resort for the compf it's unable to get government relief. pg & e is trading lower in the

coming up my exclusive interview with jp morgan chase chairman and ceo jamie dimon.n annual healthcare conference here in san francisco. this conference is the most well -attended event in the entire business world. close to 500 companies presenting, 9,000 people from biotech, bigrm

jp morgan chase estimates the total impact will be about $300 billion or 1.2% of the gross domestic product. broadway legend carol channing has died. in created the title role hello dolly and played the character more than 5000 times. she was in her mid 70's when she gave her fell where -- farewell performance. she was 97 years old. air, on tictoc and on twitter, powered by 2700 journalists and analysts in one hundred 20 countries, i'm mark crumpton and this is bloomberg. its 1 p.m. in new york, 2 a.m. in hong kong, i'm natalie quinn and welcome to "bloomberg markets." vonnie: your top stories on the bloomberg and from around the world, judgment day, the u.k. parliament is planning to vote arehe brexit plan and we live in westminster. tech stocks pushing majors higher today after china wrapped up stimulus measures. plus, the state of tech funds. we will speak with the cio of clear book global advisors this year. abigail doolittle is with us halfway into the trading day. are out.the bulls for the first time in three days the dow, the s&p, the nasdaq, all higher, and for the most higher, and

that includes san francisco based wells spark owe and jp morgan chase. of both companies are moving lower in the early going. the market off to a brety good start. the action news jax getting a big assist from netflix. dow right now up 67 points. the action news -- action nasdaq up seven points. >>> a set. quintuplets just celebrated a milestone. >> the quints turned one. meet the kempel quints. they are lynn un, noel, grayson, preston and gabriella. they were all born three months early. it actually took a medical team of about 60 at kaiser in walnut creek to deliver the babies. in fact, it was the hospital's first ever quintuplet delivery. >> they are at the age now where it is fun to see that they interact with each other more. >> i think we have an agreement between everybody that we're all just trying to get through the day and have some fun. >> so what is the kempel secret to raising quintuplets. routines they say. the babies are on feeding and sleep schedules and apparently the babies are all sleeping 12 hours, all at the same time so that is a go

pg&e said it will receive $5.5 million from jp morgan chase, bank of america, barclays in citigroup andwhat is being called debtor-in-possession financing. next week pg&e is expected to file for chapter 11 bankruptcy in the process will ocwhich joi lawmakers block pg&e for filing a from bankruptcy. they held a rally at the state capital. leavitt legal experts say thousands of wildfire victims would be at the end of the list of people who could get money from the utility if pg&e filed for bankruptcy. >>> pacific gas and electric once again, doesn't want to be held accountable, were paid for the damages that caused. >> terrorist method that pg&e could face $30 billion in liability if it is found responsible for several deadly wildfires in california over the last two years. utility is more tn the damages. >>> let that take a live look at the big board of the new york stock exchange with the dow industrial is up slightly. the nasdaq is down a little bit. so is the s&p 500. yesterday we had the biggest down day in three weeks. stocks are making a comeback, but not all are joining in on the

that's p proven true at jp morgan chase and the same is expected at goldman sachs.in britney domingas to unpack what we've heard and what we expect to hear. what do you make of the earnings we've seen thus far? what's the bottom line to you, the message that's been received? >> yeah, we're seeing the exact opposite we did last earnings season right now, where companies are not necessarily beating their earnings estimates. both citi and jp morgan came out lower than we expected them. yet they continued to trade higher. what we're really seeing is investors and analysts aren't necessarily looking at last quarter, which is said and done. we knew the last quarter wasn't going to be good. we're looking ahead to the year of 2019 and seeing what does optimism levels look l like and what are the companies forecasting which so far has been positive. that's why we're seeing these things trade higher despite the fact they're not getting the earnings we would be anticipating. lauren: higher interest rates are also pretty good for the banks, right. as a customer, you earn more w

coming up my exclusive interview with jp morgan chase chairman and ceo jamie dimon.pmorgan annual healthcare conference here in san francisco. this conference is the most well -attended event in the entire business world. close to 500 companies presenting, 9,000 people from biotech, big pharma, ins,

coming up my exclusive interview with jp morgan chase chairman and ceo jamie dimon. the jpmorgan annual healthcare conference here in san francisco. this conference is the most well -attended event in the entire business world. close to 500 companies presenting, 9,000 people from biotech, big pharma, insur

bruce, chief economist at jp morgan chase bruce, good morning. the fed statement to change if at all from this meeting to the previous meeting >> i think it will change very little i think the fed will recognize more uncertainty it will perhaps mention the particular uncertainties around the shutdown and how it affect the economy. it will continue to emphasize a positive outlook, and it will continue to emphasize flexibility. perhaps most importantly in the sense that they're patient now waiting through the uncertainties, and they will respond to it as they see the incoming news and what happens in financial markets >> yeah. then the press conference, i mean, really it's not going to be the statement it's going to be the -- i'm not taking anything away from the statement, but the 2:30 press conference is where the news is made also, the follow-up questions. if you could get one direct question in to jay powell, what would you ask him? >> well, i don't think he would answer it directly, but the question i would ask him is where does the fed see th

tomorrow, you have the numbers out of big bank jp morgan chase and that major vote in the uk vis-a-visumbers out of two other major and important companies gold map sacks and bank of america. now on thursday, you have netflix earnings out after the bell and opec's big monthly market report the price of oil has come back this year. in fact, the best start to a year ever for oil up 14% heading into today so actually we'll watch that opec number and on friday, you've got u.s. consumer sentiment, an important number because we'll see if really people feel there is an economic slow down. let's tie this all together and bring in patrick pal fri, vp of equity strategy. we are prone to big statements here in the media. every quarter we like to say it's the most important earnings season in years. now, they all can't be but given what happened with the market in december, given what happened with sentiment, given concerns about the fed and the economy, i do wonder if this earnings season, if not the most important, takes ona little more weight because of all the sudden worries about the economy

don't get paid which means they don't spend and that hurts retailers, landlords, auto sales, jp morgan chaseays the shutdown could reduce growth to zero if it goes on for the entire quarter and it could hurt airlines, delta's ceo. >> one of the other issues to us is that we're seeing a reduction in revenues in the month of january. not huge, but about $25 million due to the fact that government contractors and some government officials are not traveling the way they would anticipate because of the shutdown. >> in so many ways, shutting down the government cost more than keeping it open. the ceo of citi group said right now we see the biggest risk on the global economy as one of talking ourselves into a recession. well now the government's bringing back more workers. the ira is bringing back 36,000 furloughed workers to work without pay. that means americans will get their tax refunds. but, john, in so many ways this is a self-inflicted wound on an economy that is strong, yes, but with so many questions about slowing growth around the world, a terrible time to be taking a hit in the first qua

dimon also said jp morgan had no choice but to prepare for any possible outcome >> we're prepared for hard brexit we had no choice from right from the start. the jp morgan chase't be in a position where we get to march 19th and march 20th and we can't conduct business in europe it isn't possible. we've already spent hundreds of millions of dollars getting prepared for that. it's a really complicated situation, and the brits were dealt a bad hand, and they played it badly. >> all right speaking of brexit, let's take a look at some of the sterling crosses this morning in fx space. actually, this morning bucking the trend over the last couple of sessions, sterling is trading slightly on the back foot, but even so, we're still up a point and a half or so from where we were heading into the meaningful vote just a couple of days ago it feels like a long time ago now. the reaction, of course, since then was a big bounce in the currency that is the picture for sterling versus dollar. we're also seeing more strength in sterling versus euro this morning. weakness in the versus euro this morning to the tune of .1 percentage point if you put it into context over the last

jp morgan chase chairman and ceo -- sorry, breaking news and it is what? boris johnson, we all know boris johnson, the former mayor of london is now making comments at this very moment. and he is in essence saying -- he has not ruled out a no deal brexit. he says, quote, we should be actively preparing for no deal with ever more enthusiasm. he's been a brexitier, meaning hard get out, shut the doors we're done with the european union relationship. the fact that he is saying this is not a shock, but the fact he's in essence saying that the issue is not the leadership of the conservative party, but rather it is time to just go for what the people had originally voted for, back in june of 2016, that of course is certainly crucial. theresa may's spokesperson is also making comments. and this spokesperson is saying there will be contact with brussels in the coming days. brussels of course is the seat of the european union. she's got three days; right? and of course there is a no-confidence vote that's been pushed forth by the labour party, jeremy corbin. he say

anding out jp morgan chase goldman sachs for their second straight year. for rivals to catch up. in the coming weeks they are set to hagel -- handle a premier for, talking about the ipo uber. netflix has made it official, it is hiring spencer newman as its chief financial officer. the move follows the videogame fire newmaning to for reasons unrelated to the financial performance of the country -- the company. the current ceo said last year that he planned to step down. that is your business flash update. >> let's get a check on the markets, the dow index turning negative with 10 year yields lower, sor, yields much lower versus the dollar, with oil, it's been a wild ride off the earlier highs. definitely a rocky day, trending ther as we head towards close. from new york, this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having

jp morgan chase announced that its cardholders will move to the contactless cards.mastercard is considering a similar move. for me, hardly ever take my wallet with me. i use apple pay. >>> terry donald liquids barriers with new technology. we will show you what to google is doing to bring people together all around the world. >>> >>> klay thompson making a push to become an all-star this season hoping for a few more performances like the one we saw last night against the next. lucky scored a season-high three points in the worst one the 122-95 one. stefan curry logs the first double double of the season with 14 points and 14 assess. green tallied a double double with 11 boards and 10 assists. the warriors i friday this time against the chicago bulls. >>> stefan curry wants to bring a professional golf event into the bay area. he was working with a professional golf association toast at about at the lake merced golf club in daly city this september. plans fell through they cannot work out a deal with the title sponsor. curry told the chronicle he is committed to havi

pg&e will receive $5.5 billion from jp morgan chase, bank of america, barclays entity group in what isbtor in possession financing. xp trafficking is executive file for chapter 11 bank of the at the process will likely take about two years. >>> and to advocate aaron brockovich joined wildfire victims and demanding state lawmakers should block pg&e for filing for pregnancy. they held a rally yesterday at the state capital. legal experts say thousands of wildfire victims would be at the end of the list of people who could get money from pg&e if they file for bankruptcy. >> pacific gas and electric, once again, doesn't wanted to be held accountable, or paid for the damages they have caused. suck pg&e could face a $30 billion in liability if it is found responsible for several death the wildfires in california. pg&e said it is more than insurance would cover and that does not have the affect to pass the rest of the damages. struck some companies that rely on the online site glass door for reviews are being accused of manipulating ratings according to the wall street journal, in some cases,

grew an average of 15% in the third quarter from a year earlier at bank of america, citigroup, jp morgan chase't plan to end the rewards but they want to shift them in ways that encourage more card usage and scale back the upfront bonuses that you often get. and this, would you eat airline food at home? united airlines is filling a cook book with 40 recipes inspired by business and first class dining experience. they collaborated with the trotter project, a nonprofit that offers culinary arts education programs associated with many famous chefs around the world. the cost $29.99. you can buy it from united's online shop. we'll show you a chart of the company, up 21% last year, so not bad. so if you want to cook at home, would you cook airline food? ah, no, in short. you guys -- dagen: but you're cooking it. lauren: cheryl flies united a lot, dagen. apparently she flies first and business class a lot. dagen: i don't want my dogs to die so i don't fly united. >> they don't do that anymore. dagen: that's so reassuring. what about the airlines, though, not any prediction from you but we were talkin

if your one of those folks out there, jp morgan chase client, we're going to help you.rry sign? >> for a while. i'm not worried about it. i think you are just having -- look at it the other way around. credit spreads were abnormally low for a long time. this is more maybe a little bit of a normalization. you and i both know that the tip of the spear is ipos and high yield. so when people -- when sentiment changes dramatically those are the first two areas where people cut back and open up over time. >> in 12 months we've gone from the hope of synchronized pick up in global growth with everybody doing better to divergence with the u.s. outpacing europe and china and now we are worried about the wrong type of convergence. we're worried about the u.s. slowing to the rest of the world instead of the rest of the world picking up towards us. it is for the fed to realize it can't be on auto pilot. it those be more sensitive to what's happening not just in the u.s. economy, but also what's happening globally. >> not sure apple realizes the real issue is they're trying to sell a