mr. jamie dimon.n a regulatory filing he bought half a million shares of his own company's stock at the time it amounted to around a $27 million bet. jp morgan hit a high of $117 and change on january 29th we are currently at $110 a share right now. doubling his invested capital on that one trade we are two years away from that call on this latest downdraft, the question is, will a big company's ceo step up and make the same kind of valuation call on the their stock that diamond did? it could be a psychological for those worried about valuations or whether it's too late to get in on the bull market run. will we look back and see if we end up calling our next bout om by another name of another big ceo. back to you. >> i'll ask you, grasso, you are in earnings period it's not like you can come out and buy your stock during the diamond bottom it wound a blackout period. a lot of people think buybacks are going to be a significant part of the story this year. >> ultimately, the tax cuts. you have to see h

jamie dimon. he talks about he and his bank have a moral obligation and deeply vested interest in helping solve pressing societal issues he says, here's your chance, mrn. it's going to be, let's see you walk the walk then what should their appropriate response be? >> it's a difficult challenge for ceos to take political and social positions when you have a multiconstituency situation customers, employees, owners, communities, all are split on these issues any time a ceo takes this point of view, they tend to alienate with certain community the problem with that is that they are important to the political process. they have to stand up and they have to bring the issue to the table and they have to force politicians to deal with the issues this is where the business community can play a nonpartisan constructive role in bringing people together from both sides. you see it start to happen on this particular issue. you don't have to as a ceo take a specific position but you can say, it's important that we resolve these issues for our communities, for our employees, for our customers. >> they can say that but if you have a significant amount of customers p