mr. dimon, how much money has jpmorgan chase returned to customers in the form of redress is in payments at the direction of cfpb? >> had another number. sen. menendez: let me help you. $360 million. mr. monahan same question? >> i don't know the number. sen. menendez: 819 million. ms. fraser? >> i don't know the number either. sen. menendez: $1 billion. mr. scharf? >> i don't know. sen. menendez: it is over $2 billion. from just the four of you it is over $4 billion. it is amazing you don't know the number. over $4 billion returned for hard-working consumers in the past dozen years. and yet this critical agency is under constant attack by my republican colleagues. a lawsuit is threatening its very existence. time and time again we have seen why the cfpb is necessary and why i intends to continue to fight for it. otherwise that would have been $4 billion out of the pockets of u.s. consumers. now, while some banks have either decreased or eliminated overdraft fees altogether, in large part due t

mr. dimon, can you speak to how the endgame proposal would impact her ability to lead critical funds to small business and what trickling -- trickle-down effects we might expect if this were implemented? >> thank you for the question. these questions should not wait for what was coming out. they should happen before. the work is complex. the work should have been done. the details should have been done. that means we will have to charge more. and a lot of unintended consequences. we have to charge more locally to make sure we get a return. like the operational risk capital, it would increase the cost of a checking account or making alone, so all of these things are a cumulative effect and it will affect our ability to finance your local community bank where the montana pension plan, so all of these things will trickle through and become more expensive, and there will be some unintended consequences. also how we deal with customers. i think some people may drop a few customers and it may lead to

mr. dimon? >> i agree with your intent and i think there should be a focus on payday lenders and check cashers and certain things like that. we would like to help you design it so it comes without any bad consequences. there are people that make the small loans that if you stopped that it would push people into payday lending. sen. reed: ms. fraser, please? >> thank you for the question. we applaud the intent of what you are trying to do. i think as large banks we are mindful of our responsibilities in protecting our customers from abuses. the federal reserve has a study to show that. i think similar to my colleagues we believe there are other ways to achieve the intent, but we would be supportive of following up with you. sen. reed: mr. o'hanley? >> we don't engage in consumer lending, but we support what you are trying to achieve there. sen. reed: thank you. mr. vince? >> we are also not in the consumer business, but we support the intent. sen. reed: thank you. mr. solomon? >> we have a small

mr. dimon said. >> i want to shift into the issue of oil and gas investment in this last year and a half with russia's invasion of ukraine, i have had the opportunity to travel extensively throughout europe for an event with leaders of other countries that border ukraine on the westside, also in the politics, as well as ukraine border countries. one thing i have heard that is really universal is they have let the winds of the day dictate their energy policy, and moved to quickly away from reliable baseload forms of energy like natural gas, coal, hydropower, and nuclear. i was struck, they took me out to their facility. by the way, when -- these floating ships, which are parked there, it is fittingly called the independence print as this lng really has been key coming off from the united states to get europe back on its feet to a certain extent. but i asked these folks who own the lng plants, what did you do before you were in lng? i had a background in chemistry and i'm always curious about pro

mr. dimon? >> we don't engage in that. i agree with your intent.nk there should be a focus on payday lenders and check cashers and things like that. we would look to help you design it so it doesn't have any bad consequences. there are people who make small loans and may stop them from doing that and push people to payday lending. >> senator, thank you for the question. we applaud the intent of what you're trying to do. i think as large banks we're mindful of our responsibilities in protecting customers from abuses. experience has shown that caps diminish access to credit, can do in the systems and the federal reserve has a study to show that. so i think similar to my colleagues, we believe there are other ways to achieve the intent. but we'd be supportive of following up with you on how. >> mr. handily? >> we don't engage in consumer lending but we do support what you're trying to achieve there. >> thank you. >> senator we're also not in the consumer business but we support the intent. >> thank you. >> mr. sullivan. >> we have a small business in

. >> mr. dimonou and saying you know our track record, which is blemished at the fdic, your bank isn't broken but we're going to tell you how to fix it. isn't that kind of like being given gun safety advice by alec baldwin? >> should i answer the question? major risk of those banks was hiding in plain sight which is interest rate exposure. that was known to most people who create a balance sheet and read their financial statements. maria: mark, this is also part of the administration's climate change agenda. look at all the new rules coming out of the securities and exchange commission, they have to come up with climate risk, this is all costing huge new expense. >> and esg scores and all that stuff. as relates to the fdic and the bank failures we saw earlier this year, i am happy that all a of the depositors were made whole. they went above their 250 you 250,000maximum and made deposits whole. i'm glad nobody stepped in to save the banks. maria: silicon valley glangs specifically silicon valley bla

i don't know if you saw senator warren in a hearing with jamie dimon yesterday but mr. dimon said in his opinion, crypto is a tool for criminals. kelly: my first thought is the american bank association, they went to them to craft this legislation, they're known as being very anti-crypto. what is your thought about the fact that you have these two folks working together with something that would impact the entire industry? >> many of the 19 senate offices were shocked to understand that this bill that they signed onto banned the technology all together. this video of senator roger marshal call it is a light touch approach and clearly he doesn't understand or he's misrepresenting how is something that's a ban a light touch and, and it was very shocking he shared publicly that was it was a bank lobby that wrote this bill. it's very important for the american people to understand that cryptocurrency as well as bitcoin is going to disrupt the $2 trillion transaction fee industry that the banks large reigns leading benefit from and it'll disrupt legacy systems and it's a fight as

. >> mr. dimon, you been ceo of jpmorgan for almost two decades.h an attractive financial tool for terrorists, drug traffickers and rogue nations? from aye always been deeply opposed to crypto, bitcoin, etc. you pointed out the true use case is criminals, drug traffickers, anti-money laundering, tax avoidance. charles: you almost got to laugh. there was never any crime until crypto came on the scene! it's so crazy e to see bankers and politicians usually at each other, agreeing on this one. claim? wow. you know, invest, some would say crime would go down if you start to use a public ledger. the bottom line though is the question we need to be asking is, why? why are they so afraid? maybe it's because the system that's being propped up by fiat currency is a house of cards? joining me new, anthony if pompliano. porchg i cracked up because she's like, you know, why do these terrorists love this stuff? they always like billions of dollars that you give to them as well. >> look, i think that you nailed it, right? bad people are going to do bad things re

i wonder were mr. dimon fits into the 4600 for 5000 view.anyone disagrees they send them to the contrarian bar. honestly to me this is a question. we can agree with the idea that goldilocks is a pretty narrow slot that you got to fit through, and a lot of people are pushing back against the scenario the people are looking at. however, what is that mean terms of stocks which have been divorced from the economic fundamentals? tom: i'm completely divorced from paying attention to outlooks. i get it, it is a marketing thing. so distracted by the smell of bacon. let's get you a mover. sheriff dropping after at&t taps rival for $14 billion deal. a significant win over nokia which accounts for --. lisa: which has hit me kind of interesting because we see more deals recently. more deals have been getting done. i understand that a sort of a generalization from one particular deal. it seems like companies are -- the prospect of another -- in the basin. maybe some ipo next year and investment bankers might be happy. lisa: they may be happier at least.

dimon. carol: jamie, you can say whatever you want. manus: you believed mr.oil market and $100 oil did not happen. and rita sent as well. so we know you are listening. katie: i did not know he was tracking those that closely. we are learning a lot about you. manus: we could use you to join our booking and research team. katie: he has some talking points to share. manus: that is the first moment we have made katie blush this week. there you go. keep the notes coming in. we will take calls at any time. let's get to under surveillance. nvidia is selling a less powerful version of its best graphics chip to china to comply with the u.s. restriction. the version sold in china has 10% less processing cores. the u.s. is cracking down on the export of powerful chips to china. the faa is monitoring inspections of 737 max airplanes after the airline found a bolt defect in the rudder control system during maintenance. boeing is asking all the operators to check newer, single aisle airplanes for the issue. airlines across the world are also ramping up inspections of spare

dimon bashing bitcoin. not stopping the rally in cryptos. >>> elon musk tweeting moments ago, taking aim at disney's bob iger, needs to learn how to spell mrow still ahead. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible, it's happening. >>> we did want to take a moment to focus on a tweet from -- do we call them tweets? from elon musk on the x platform. there it is. this goes back to last week where he called out advertisers in no uncertain terms who were boycotting x in part because of some of mr. musk's tweets. he misspells bob iger's last name but saying hey you're not going to advertise on x but facebook and instagram content enable child abuse and yet you continue to a

mr. diamond? rumor has it that maybe they are exchanging christmas cards this year. it is a big change. tom: i've teared up. jonathan: pushing back against higher capital requirements. jamie dimonng common ground on another matter. >> i've always been deeply opposed to crypto, bitcoin, etc. you pointed out the only true use case for it is criminals, tax avoidance, and the five of the government, i would close it down. >> of today's terrorists have a new way to get around the bank secrecy act, cryptocurrency. i'm not usually holding hands with the ceos of multibillion-dollar banks, but this is a matter of national security. jonathan: it is a matter of national security. to hear senator warren and jamie dimon almost holding hands killing bitcoin. tom: the curse of cash, everybody knows my opinion on this. jamie dimon wasn't talking to elizabeth warren, he was talking to the chairman of the securities and exchange commission and to his good friend over at blackrock, laurence fink who wanted to do etf's on crypto. i didn't hear that j.p. morgan is sliding into ets for your retirement account. lisa: this is just going to feel more rumors. is jamie trying to get in? if this is popula