p. morgan still achieved record profit. and if you look at city, one of the reasons why the numbers came lower than expected as that americans actually pay that credit card debt in time. so there is less interest for the banks, but it's good for the us population. yann's quarter in new york. thanks for all your reporting this week. now to some of the other global business stories making news, martin should probably must return $64600000.00 in profits. he and his former company reaped from raising the price of the life saving drug. darren a u. s. judgment on friday. the imprisoned x c. o does a form, a bro in the media has also been barred from participating in the pharmaceutical industry for the rest of his life. the jury spelled and the u. s. senate is introducing new legislation that would force defense contractors to stop buying rare earth from china by 2026. the bill would also require the pentagon to create a permanent stock pile of the strategic minerals, which are used in vehicles, weapons at electronics. facebook's

p. morgan's role and manipulating silver prices. the department of justice allowed diamond to pay a small fine for the bank's role in a 12 year manipulation scheme. silver is an important industry. the mexico diamond should be tried in mexico. so just like the u. s. a sang the sons of, of al chapo should be tried in america, and that's why we put a bounty on them and we want them arrested and extradited to the united states. forgetting the fact that of course, angelo would need to approve the extradition. but nevertheless, here it just this past summer, just a few months ago, the united states department of justice allowed j. p. morgan to get away with yet another silver manipulation scheme. and they paid the largest fine in history regarding precious metals, manipulation. that was a $1000000000.00 is passed, taking pesos directly out of the pockets of millions of mexicans. so you have the 4 sons of al chapa. they've got a price on their head. thanks. the u. s. department of justice presumably because they think that america is the

p. morgan and now sta. oh, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants. solo tells all the businesses, the taxes that come in with conventions and trade shows. they're gone. you're looking at office occupancy rate in america at 4, he percent, that means 60 percent aren't coming in. what happens to all those businesses? and now, with the fear that spread with the new i see were heard that came out of the moronic via part. the look what they did during christmas holidays, all over the won't they all the western world. oh and china. a chinese doing great . did you see their numbers coming in? oh yeah, consumer spending is down that you're a housing is down. numbers are going down to all locked up, no travel. so this is very serious. we think one of the big trends that we're looking at in 2022, they're saying stagflation. we call a drag flayson. economy is going to drag down, and inflation is going to keep going up. and when you're looking at, you're looking, by the way, john william

p. morgan chase, hsbc, and st. and there, while the middle men are cargo soil by j. b. s, beef and mar, freak beef. there are, of course, other retailers that we could mentioned wal mart cosco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes. if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining on and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this, what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do, or that every day citizens in general can do in response to this? can individual consumer excellent. anything about that? of course i'm black rock, for

p. morgan chase, hsbc in santa there. while the middle men are cargo soy a g b s beef and more freaked beef. there are, of course, other retailers that we could mentioned wal mart costco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes. if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this, what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do, or that every day citizens in general can do in response to this? can individual consumer excellent anything abo

p. j.p. morgan numbers out 10 minutes ago.ng salvo of what we are going to see per you mentioned morgan stanley, and goldman sachs i believe into next week. all i can thing about as we go to

p. morgan and now sta. oh, we're not going to have our big health conference in san francisco. we're going to do it by zoom or a oh, don't worry about all the restaurants, although tells all the businesses, the taxes that come in with conventions and trade shows. they're gone.

p. morgan, my former employer, and bear stearns, and all the other banks, at least they were created for a reason to separate government from money. the banks of the private institution have the ability to create money. that may sound bad, but it's better than the government creating money. okay, so it's a, it's a bit lesser of 2 evils. so the government wants to push out the private sector banking. so they have control of all money. like when i grew up in the soviet union, there was one big, big moscow, basically. so those 2 reasons, the governments want to create a cbc. and if the government to eliminate paper cash, bitcoin will go through the roof. those are the biggest catalyst for big coin to go up and price, the elimination of paper money, and something like the breakup of the european common currency. all the italy is all the greeks. they're gonna rush into bickley. we've got about 10 seconds. gary cancer is still on hold about determining whether a theory is a security or not. how do you weigh in on this? i always believe that there is a security i that a populist on that back in

p. morgan chase bank reported earnings exceeding estimates, but warned that there could be a key profit targets in the next few years, and they sent the entire sector down. now, as we've mentioned throughout the week, investors are concerned about the future of monetary policy in the u. s. as we see inflation search to nearly for decade, hiv friday was a rough day finished things out in canada. the toronto stock exchange is up by more than one percent. again, high commodities, propped up the market as a whole, but a little volatility cause things to drop on thursday. something keep an eye on here . economists are warning that candidates, heavy push towards green energy could make inflation even worse in the nation. and moving into next week, we're going to continue to keep an eye on the state of supply chains. those rising crisis talk so much about and any indication we may be getting from the federal reserve on the future of its easy monetary policy and time. now for a quick greg, but when we come back, bitcoin advocate, jack dorothy is waiting further into the crypto current detector.

p. morgan and deutsche bank projected for rate hikes as well. so where exactly do we stand on the future of bad policy? well, joining us now just is form or fed insider and ceo of quill intelligence, daniel dean martino booth, and our good friend boom bust co host chris the i. thank you both for joining us. danielle, i want to start with you on this. obviously, what's the takeaway now that it appears the threshold for maximum appointment has been reached? do you actually see that it we could see for rate hikes as predicted by these big banks? i certainly see the public wanting for this to happen there looking at the tea leaves as a tear to day. and today's market action was very indicative of how wall street feels about this prospect of 3 or 4 interest rate hikes. the higher the yield went on, the 10 year treasury the benchmark for the world if you will. the lower stocks fell as we started to see flight to risk after the map came out with its, its basic play to the federal reserve saying don't high interest rates too quickly . you're going to sl

p. morgan includes the survey showing only 5 percent of its clients going to $100000.00 this point while the majority believe it's going to $60000.00 mark is more relevant here. does any of this chatter for wall street really mean anything for those true believers and hollers? now i really don't think so. i think it's a lot of noise and we're trying to do is as best as we can to educate people about how not only is between the best performing asset of the last decade. but it's truly this unique savings technology that couple of decentralization and removing us from being sort of at the whim of the central authority and whatever they want to do with these, you know, the manipulation of interest rates. and also this idea of true digital scarcity. while they print money, you know, into oblivion. this is just 21000000 bit points that will ever exist. and it's owning a pre piece of digital real estate that hopefully will allow you to be able to save and accumulate wealth into the future. so us long term holders, we're not concerned about this short term volatility. we always tell people remem

yields are high, and earnings season begins with tape p morgan and wells fargo. a long week and into next week, we have morgan stanley, it bank of america, and all the rest. enjoy a long weekend on bloomberg tv. we will have an equity market, and we will see you soon. very soon. is going to boc -- ok. we will be all right. >> this is bloomberg. >> for the second time, we are streaming. immigration and it was temporarily prevented from supporting the unvaccinated. it is in the public interest to do so. we were back hours later, and there may be hearing on sunday. the u.s. supreme court may have rejected bidens mandate for taxes, but businesses are threatened, and they might be forced in from one anyway. they're protecting workers and keeping factories open. it requires vaccination. two short-range blesses -- plastic missiles were launched after the regime warned it would take stronger certain action. more factions earlier this month, and korea conducted two separate launches. in the u.k., primus reports johnson there were some parking at downing street. a string of

p. morgan chase, hsbc, and sandtown there. while the middle men are cargo soil a, j b, s beef and more freaked beef. there are, of course other retailers that we could mentioned wal mart costco. they're also contributing to the problem according to your research. could you explain exactly how these companies are driving deforestation? yes, if we, if we look at the key drivers of deforestation, ah, we look at the land grabbing. if we look at the logging both legal and illegal, the mining and we look at the agribusiness expansion and we're talking about brazil in particular. ah, we go back to the source, what's, what's driving this? what's causing this one? it's government policy that allows this to it's the corporations not are driving this destruction the, the cargo, the 80 m's. bungie is a mar frogs of the world. ah, but they are not alone. they are backed by money. is there anything that i can do or that you can do or that every day citizens in general can do in response to this? can individual can select more anything about

p. j.p. morgan numbers out 10 minutes ago.om: and a good opening salvo of what we are going to see per you mentioned morgan stanley, and goldman sachs i believe into next week. all i can thing about as we go to this new our was ben bernanke saying the integrity and crisis of the financial system is a be all and end all. jerome powell and many others delivered in spades in this natural disaster, a banking system that was resilient and prospered. the big question is, now what? tom: the outlook -- jonathan: the outlook from these companies reflected in the reserve relief. things are better, helped out by the policy story of the last couple of years. but things are getting more expensive. that is why we said repeatedly this morning it is about the numbers as an employer. expenses up 11%. they attribute that at to higher compensation. you are going to see that line repeatedly through earnings season. tom: our true experts at bloomberg on banking analysis, they say it is a war of talent. we are going to see that not only now, but in

morgan had 5 p. m. had it, well, let him do want to ask him a question minister elaborate if i can ask your greetings to hear more, ask her. your question, you know you are a listener from moscow on the radio listener. modern survey love. rob asks you a question, be 6. i can easily do that, but i will call them on a series notice i looked at the sanctions adopted last year. some of them were adopted by the congress and some by the finance department. most of them were due to alex in a valley. angie crane the o. p. c. w carried out an expertise and established, you know, they were 3 independent laboratories from sweden, from germany, from france. i'm with nature future school and they, they said that there were some traces of one blood, a poison, a substance. and it seems to me absolutely obvious that no valley was poisoned and was yelling at bush and russia requested some information from germany, but russia didn't bring criminal proceedings, and germany refused any assistance for you. so what did you,

stocks like apple, microsoft, and a few others, pretty much control the fate of the entire s&p 500 and maybe more morganing out the risk this way, quote, index concentration itself is a risk for the market. the seven large mega cap stocks that have come to account for nearly a third of the index's market capitalization have performed far better than the index, a phenomenon that creates extreme risk concentration they go on to say that overcrowding in the stocks is already a quote systemic risk and they note that the big seven, as they call them, caused an outperformance of the index by 33% over the other 493 names. in other words, those seven basically beating the other 493 by 33% they're not saying it will happen but it is something you should take note of as that crowding at the top and that market weight continues to get bigger. >>> regardless of any systemic risk to the market structure the fact is that apple and the other big six for the most part keep rewarding investors who stick with them. one of those is one of our next guests in our go big or go home series, comes out with the new year with a

upwards of 5330 on the s&p 500 for the year ahead. morgan stanley down to 4400.hese forecasts all over the place. kailey: it really is a continuation of what we saw, but there seems to be a consensus around the economy, a consensus around earnings growth going forward, and yet there is a big difference between the bulls and the bears. mike wilson of morgan stanley at the low end is really concerned about multiples. that is not actually a concern a lot of people share. jonathan: to bond market is not much of a concern either. if you are tuned in on tv and radio, futures up 29 on the s&p, advancing around 0.6%. your bond market open was delayed given the closure in china -- in japan, rather, and the u.k.. the united states as well. yields up by a couple of basis points, and that has been the issue for me over the last 12 months. where are tenure yields -- where are tenure yields -- where are 10-year gilts? still in and around 1.50%. kailey: it has confounded a lot of people. what economic data is going to matter to the bond market and to the federal reserve, becaus