mr. dimon, who is always plain spoken and some say outspoken was making the comments to a moderator who asked him, jamie, why don't you throw your hat into the ring, meaning the run for the presidency here's what mr. dimon said quote. i think i could beat trump because i'm as tough as he is. i'm smarter than he is i cannot beat the liberal side of the democratic party, end quote. then he continued to say basically he could punch me all he wants and it wouldn't work. he went on to say, and by the way, this wealthy new yorker actually earned his money. it wasn't a gift from daddy. so we will see whether we get a response from the president to those comments i know that he follows mr. dimon closely because, of koefcourse,y were both new yorkers. jpmorgan is a global bank and it will be interesting to see if he gets a response. he didn't say he was going to throw his hat into the ring but he didn't say he wasn't. >> these make his bitcoin comments look like child's play. >> totally, yes. >> obvious

. >> are you suggesting that the banks deserve more blame than maybe mr. dimong in the memo to his employees? >> no, i actually think government and mainstream america deserves more blame. nobody said you have to have flat panel tv in every room. nobody said you have to speculate on investment income from homes nobody said you have to leverage to the hilt and take out a second mortgage on your house so you can get a new suv. at some point i don't think main street took enough of the blame. no doc loans or mortgages is absurd people lying like crazy. is that the fault of the bank somebody is lying? >> he also lays out, saying very bluntly, they didn't want t.a.r.t.a.r t.a.r.p. but did it for the benefit of the country dimon wrote many of the extreme actions we took were not done to make a profit. they were done to support our country and the financial system >> look, i think it played out very well for jpmorgan credit to jamie dimon. they wanted a fortress balance sheet. when the crisis came, that's when jpmorgan had to pay off from a strong balance sheet that al

think more and more people have moved over to the jamie dimon side of things, which is this isn't a war, it's a negotiation as you mentioned, mr. trump, president trump is constantly tweeting about what the stock market so if that continues, did you hear ken lang going today? he said where on earth would you want to put your money outside of the united states there's some folks who say got to go to the emerging markets, here's the reality this is still the best market there is >> i think saying what we're basically arguing is, is the market complacent about the risk of tariffs and trade, we actually don't think the market is overly complacent there is some risk there but if you look at the cboe skew index and what investors are willing to pay for protection and puts, it's at the highest levels it's ever been based on the data we have that says there is this optimism but there's also a little bit of hemmi hedging going on >> you could debate pete, pete says this is the ohm place to be, you're neutral u.s. stocks. >> we're neutral u.s. stocks. >> what does that say about your broader outlook? >> we think there's a bifurcation in

mr. west said but that's -- life, i'll write my book about all that. >> you're writing a book. >> i'm going to write one one day. >> i don't see jamie dimon slowing down all. >> no, i love what i do and just got back -- >> you're the longest serving. >> you know, lloyd and i are good friends and i will miss lloyd. he'll still be a friend and i'll still see him but the board and i announced, obviously it's up to the board but i'll stay for five more year, personally and speaking for the board, we believe there's several people in the management who would do my job today so i think they'll have a choice that's good and can change it at will that we have a lot of good people in the pipeline who can do the job. they're do it differently. but hopefully we'll leave behind a great company and he can take it where they need to take it next 5 to 20 years. >> a number of ceos, president trump is a ceo bloomberg, thinking once again hat in the ring, howard schultz going back and forth isn't it time for a ceo to run, i'm not sure what party affiliation you have, maybe non but one from the banking community or is it too soon. >> i thought a billionaire in new york

dimon says he is smarter than the president. now he did walk those comments back a little, but that didn't stop the president from responding. we'll tell you exactly what mrtrump is tweeting about next this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that. you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrad