JPMorgan CEO Jamie Dimon on Banking Turmoil, First Republic, Debt Ceiling- Full Interview
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- Опубликовано: 6 май 2024
- JPMorgan Chase Chairman and CEO Jamie Dimon discusses the recent regional bank crisis and possible regulatory changes for the industry, the purchase of First Republic, and the risks of a potential US default. Speaking with Bloomberg's Francine Lacqua, Dimon also discusses US-China relations, sovereign debt, and the commercial real estate market on "Bloomberg Surveillance."
#bloomberg #banks #economy #inflation #markets #stockmarket
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The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
@@ivorydaniella wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@ivorydaniella I just looked up Annette Margareta Crnilovic online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
Just dollar cost average into existing positions. It is really all you can do with the turmoil and the recession. A financial advisor is a waste of money.
Good ole pedo Jamie Dimon?
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stocck portfolio, what’s the best way to take advantage of this bear market?
I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.
@@Adukwulukman859 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@@ZITABELCOMEDY-xf1ws The investment-advisor guiding me is Laura Marie Ray, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@Adukwulukman859 This recommendation literally came at the right time, I’m down by $6k in stocks this week alone.. its crazy! I just looked up Laura Marie Ray online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals
Increasing interest rates are going to continue to increase bank failures because it puts their commercial paper and treasuries underwater. They need to freeze interest rates to prevent a deep recession in the economy. At the same time the White house needs to help industry to increase gas and oil output to reduce fuel prices. The war on oil only serves to increase energy prices which trickles out to the rest of the economy as inflation. Lowering interest rates, tightening the money supply, reducing government spending and increasing the cheap supply of fuel will result in reduced inflation and a booming economy. Presto, no inflation and no recession. Of course there are a lot of other agendas out there that will never let all of that happen, so hello recession and sticky inflation.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
@@Erikkurilla01 The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
@@jessicasquire I enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $1.2million.
@@patrickbrussels4454 Interesting! I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
@@Lemariecooper Sure, the investment-advisor that guides me is *KATRINA VANRENSUM* she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
You have to get a financiial-advisr/br0ker to aid you diversify your portfoliios to include commodities, inflation-indexed bonds and st0cks of companies with solid cash flows, as opposed to growth st0cks where valuations were based on future potential earnings
@@LeonardoScott True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisr and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own.
@@annaj.osorio wow ,that’s stirring! Do you mind connecting me to your advisr please. I desperately need one to diversify my portfoliio.
@@EmiliaAbelard Having a coach is key to portfoliio diversification, My advis0r is "Elisa Angele Esparza" You can easily look her up, she has years of financial market experience.
@@annaj.osorio I curiously looked up Elisa Angele Esparza online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market
J P MORGAN Fined $920 million in connection with schemes to defraud Precious Metals and US Treasuries Markets.
They have been fined multiple times for this type of conduct.
Screwing investors means nothing too him. He is smooth though.
"If your Bank is failing, just call J.P. Morgan"
Jamie Dimon said, "Some people are unscrupulous" 😂
lLOOOOOOOOOOOOOOL dedddd
JB ...............from the Boss of crime inc. !!!!!
The Best
The irony is unbearable
Said the schister who cant define a credit default swap.
Politicians in their pocket
If you want to pursue everyone who tweets about a company when they shorted that company's stock, you should reveal the exact net position your bank has in a company, when it took that position (or these positions) and at what price, whenever your bank or one of its analysts publishes a report on that company.
Jami Dimon the..... Capo di tutti capi
Jp Morgan is the fed. Just different hands of the same body. JP Morgan is head. Fed left hand other 6 Banks are the right.
Bank bonuses should be paid in equity, with a long lockup period. No more golden parachutes.
True. This will increase performance, increase risk management too given that employees will have much more to lose if their actions lead to bank failure and much more to gain if their performances increase share price. I wish for what you said to happen but even the top execs on the boards benefit from the golden parachutes too so that will never happen.
Bankers shouldn't get bonuses, they don't ADD value to society they just LEACH it out.
Hard to watch after you ask a banker if the government should put a hold on shorting banks. Incredible
So Jamie Dimon seemed nervous and evasive and told us "No reason to panic." Well that is reassuring.
He’s starting to sound like Donald trump, full of shit
He also said “we didn’t cause this” around the 8 minute mark. $100 he did cause this like they did in 2008. JP Morgan has control of the repo market and can easily change what he considers good vs bad collateral and cause banks to fail in a couple days. Don’t be fooled.
Dimon's not nervous and worried about the economy, he's nervous and worried about the ties to Epstein the depositions revealed.
Yu scared go to church
@@creebuddha 😂
Fine man! The best of the best! Jumped from topic to topic, and nailed the key points every time.
That is an art and talent!
Agreed.
He protected Epstein
Good luck glorifying criminals.
Well done sheeple, keep it up!
Living in a landscape of lies
The damage it does is detrimental
A society of distrust is unsustainable
A paradox within a broken paradigm
Jamie Dimon is a cozen!
This is Mr. Credit Default Swap of 2008. To this day no one can define it.
Not sure why, but this piece reminds me of a concept I learned in high school English called "narrator reliability."
I did not learn of narrator reliability until just now, thank you! Another tool to use when I need to deconstruct logical fallacies for an NPC!
As a society, we have lost the ability to accurately gauge financial value.
Valuation volatility is in the minds of many. When this fear is stoked with new technology you get significant liquidity outflows.
If people trusted market valuation this wouldn't happen.
You can trust yourself for free and believe in your own choices, rather than letting public opinion and outside factors influence your choices
That first joke completely didn’t land 😂 he meant “I’d rather not choose one since both are horrible” type of joke 😅
Great to hear his side!
Epstein's bestie?! 🤭
But Epstein told me you were his bestie. 😢
It amazes how Dimon's ties to Epstein'Maxwell were made public and yet there's still all these bootlickers in here praising the man.
@@swaggitypigfig8413 c'mon. 🤭
Wasn't jpmorgan convicted of manipulating the gold market? So what is J demon talking about?
He's the smartest guy in the room until he 'doesn't know what too big to fail' means
silver
Not having anything to do with God. Appealing to the matrix. He wants to take private land through a special eminent domain for climate change. What a guy!
“Are you to big to fail?” Needed a real answer!
I heard they are short gold more then the assets they own on their balance sheet, would been a good answer to ask.
They said picture your perfect future and then I had a flashback of when I was at home with you guys
**I would like to suggest inviting a bureaucracy specialist (pub/priv) for an interview on how reducing bureaucracy could contribute to reducing inflation at a national and global level.
Short sellers? They are the ones that help the thing not come apart😂
Exactly I'm like wtf he Talkin bout go after short sellers 🤦🏾♀️
I'm a short seller, about 5ft tall.
After hearing this, it feels like you need to throw up and then take a shower.
Candid. J.Dimon seems very candid in discussion about a wide range of topics that affect and effect the world today.
$JPM(and $BRK/B) are only "big" banks that weathered the $SIVB,$SBNY,$FRC,$WAL,$KEY,$PACW,$CMA contagion.
Big banks: $BAC,$WFC,$MS,$BLK,$C,$BX even $GS stumbled.
$JPM needs to hold earnings gap at $134.89, Fri,Apr14th,2023.
20day-MA>50day-MA>200day-MA, set-up for run higher.
Violent Silver Cross beginning of May 2023.
Buy once 50day-MA slope turns positive.
Life Goes On
Jamie is one to talk about going short with all the naked shorts JPM has engaged in over the years. The farmers always stroke the chickens before the cull. It calms them down to accept the cut.
Thanks for providing count them zero solutions to our problems
The banks made this problem, and unfortunately you're absolutely correct that it is OUR problem. This is why we the working class needs to uprise and secure the systems of power away from the rich.
The banks who have low interest Treasury notes are trapped by the Federal Reserve’s higher interest rates. Their cash flow is in danger as depositors are removing their money from such banks. If too many banks collapse from such losses, we could see a crash of our banking system, and depositors could lose their money. Our National Debt Limit needs to be raised, or we will be in foreclosure for unpaid debts.
Just like Sports Heroes who use the proper analogy as they participate in interviews sound a lot like Diamon.
I wonder what the Rockefellers were looking for as a head of their Family bank?
Lots of I don't know, and he felt a little edgy compared to his last interviews... I mean, does it show regional banks are in more trouble?
Look up the word Cozen, someone else made a reference to Mr.Dimon.
I will hold JPM stock so long as Jamie Dimon remains their chief executive
He is just the face, the real money makers are hidden
@@jamesstpatrick8493hidden and not American as well
@@jamesstpatrick8493 the real ones are Rockefeller, Rothschild and WEF
He is great. A smart man
HAPPY TO BE HERE! lolz
FINANCIAL TIMES. BLOOMBERG NEW YORK USA.
This is the chap that said the problems were over only a few weeks ago.
These guys talk BS out their wazoo
Considering the fact that Mr. Dimon of JP Morgan got to cherry pick assets of First Republic it is difficult to have any confidence in the Biden administration that had complained about "big banks getting bigger".
Those same administrators gave their blessing to JPM getting larger.
Screwing regional banking customers with JP's horrible customer service as well
Biden's adminstration makes Trumps chaotic cabinet look normal. These bozos running the show barely have a clue.
Jamie said dont PANIC!
Then it's time to panic.
Get your money out of the banks
Did he say he’s a patriot he’s gonna salute his government.
God bless Jamie
Jamie: We need to move past this banking crisis but not do anything
Translation: Let banks fail, JPM is there to acquire them at dirt cheap prices and become even bigger than the US economy.
It’s all going to digital currency dude we’re all going to be slaves to these fuckers. Do you people not get it?
You might want to go back and re-listen to what he actually said or didnt say - the whole interview. Bloomberg wants to put his statements on a bumper sticker. He repeatedly says things like, "there's more to it". For example, BBerg shows "Dimon says: short sellers should be prosecuted", what he actually says, is traders should be investigated and prosecuted within the law if they do anything illegal. He also elaborates on the size of JPM and why "big" needs to be understood in context of the US economy AND the demands the clients of JPM require for servicing - he then lists clients and sample transactions which need to be supported. If you just going to run off the first time you hear something you dont like without listening completely, please refrain from commenting
are you to big to fail? "I dont even know what that word means anymore" strange way to phrase "that words not in my vocabulary"
“Happy to be here” lol
As long as Jamie Dimon has plenty of Diamonds in the Vault, everyone should be able to get Married and live happily ever after!
One of the banks that own the private federal reserve bank
On the too big to fail question I don’t get which word is hard for him to understand though…easiest question but the only one he can’t respond to
Answer is yes
No worries, they will increase the debt ceiling. There's no need to panic; this is normal for the US.
kicking the can down the road. Greater debt was accrued due to the unnecessarily extended covid shut down, then the old bozo cuts our domestic oil prod by half to immediately spike inflation coming out of covid not to mention the biggest blunder of an open border. Forty years ago about our corporations turned their back on America to hand our mfg base to China now eat it everyone. They remain billionaires and we scratch by.
One of the reasons I stopped going to school dad was there was a bomb threat on campus
How bout regulator’s when JPM short precious metals
This dude is a criminal. Listen to what he's saying. The truth is in the details and he's as corrupt as they get.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met ROCHELLE DUNGCA-SCHREIBER...
Search her name on the web you will see all you need to know about her..
Yo that Einstein question was genius……….
Money empires often engineer turmoils and crashes! The price to pay for greed!
A story is always just a story, and when it is the most correct and realistic, Reality is much different, REALITY IS REALITY....
There's Wall Street and then there's Main Street
@@taroman7100 Known, Thanks...
every time I listen to someone in the bank industry they seem scared. They have like a month say that we are close to the end of this
They're crapping their pants.
0:02 Dimon has a robotic error malfunction
First question came at him quick and fast, left him slightly bamboozled.
Nah he was being snooty because she didn't address that they were even talking on the show. She just blind sided him with a question without introducing anything.
@@breezentheosescapades8769 He felt disrespected, you mean?
Whatever he says its opposite happens
I was thinking a defamation lawsuit
Debt=60T
New loan=80T
Total loan or debt=140T interest=9%=12.6T
Tenure loan=300%(For 20 Years)
Split New loan:
1)To buy premium=40T
2)To invest=40T
1)Premium(To pay debt and new loan)=40T
Insurans Formula:
Pay=17/200=1=40T
Payout=200/200=11.76=470.4T
Balance Payout=470.4T-140T*300%=470.4T-420T=50.4T
2)Invest=40T dividen=6%=2.4T
Pay premium with dividen=2.4T
Premium=dividen=2.4T
Insurans Formula:
Pay=17/200=1=2.4T
Payout=200/200=11.76=28T
1 Year to 21 Years Payout=2.4T*11.76=28T
2 Year to 22 Years Payout=2.4T*11.76=28T
3 Year to 23 Years Payout=2.4T*11.76=28T
4 Year to 24 Years Payout=2.4T*11.76=28T
5 Year to 25 Years Payout=2.4T*11.76=28T
6 Year to 26 Years Payout=2.4T*11.76=28T
7 Year to 27 Years Payout=2.4T*11.76=28T
8 Year to 28 Years Payout=2.4T*11.76=28T
9 Year to 29 Years Payout=2.4T*11.76=28T
10 Year to 30 Years Payout=2.4T*11.76=28T
11 Year to 31 Years Payout=2.4T*11.76=28T
12 Year to 32 Years Payout=2.4T*11.76=28T
13 Year to 33 Years Payout=2.4T*11.76=28T
14 Year to 34 Years Payout=2.4T*11.76=28T
15 Year to 35 Years Payout=2.4T*11.76=28T
16 Year to 36 Years Payout=2.4T*11.76=28T
17 Year to 37 Years Payout=2.4T*11.76=28T
18 Year to 38 Years Payout=2.4T*11.76=28T
19 Year to 39 Years Payout=2.4T*11.76=28T
20 Year to 40 Years Payout=2.4T*11.76=28T
Total Payout=28*20T=560T
If you want to make current payout just divided by tenure loans=300%
Current payout=payout/tenure loans=11.76/300%=3.92=current payout.
1 trade=3.92(current payout)
If you do 10 trades in 10 month or less.
Capital=100M
The calculations:
3.92^10*100M=85,676,290M=85.676290T
Thank you.
"we'll serve our clients no matter what happens" Jamie Well.. you gonna serve your clients after they go broke?
11:00 That all I need to know.
HAPPY TO BE HERE 😐
These are the MOST Criminal People Storing up the Wealth for us SAINTS ...Thank YOU JAMIE & FRIENDS ...
The most criminal, yes. There is supposed to be a transfer of wealth for many. The manipulation of precious metals and trafficking drugs and participating financially in human trafficking doesn't cut it.
“Who controls the money, controls the world”!! Henry Kissinger
Doesn't control the day he dies or meeting his maker.
Yeah, Dimon had his people look at Frank app too, lol. Give me a break. Nationalize these big banks NOW!!!
vote to replace the entire congress, speaker, senate, and president if we hit the debt ceiling.
What happened to the “economic hurricane” he predicted a year ago because of QT and the Ukraine War?
Both still exist and aren’t getting better, plus, now add the community bank crisis and the debt ceiling impasse. Also, generative AI added to the commercial RE recession, with less bank branches and zombie banks and companies with loans not marked to market.
It's a lotta mumbo jumbo. Just spit it out Jamie the clocks ticking.
jimmy acting like he's not part of the problem haha
My dad called me fat today..... he disregards the facts that he places knives in obscene places .... he diregards the fact he abandoned me he disregards a lot and then wonders why i never get him anything for fathers day
this is rude , you have such a beautiful face.
If regional banks have really strong earnings, why can't they give out higher interest rates on bank deposits?
That is why they have high earnings. If you want high interest rates then buy bank stocks, they pay high dividend yield.
@@georgekazanchyan4976 unless they crash
@@Arch.JosephChua They already crashed, its buying opportunity. But you keep thinking like that maybe you are right, then you should also take your money out of the bank and keep in your house but you risk some BLM to rob you and take everything you got.
money is too expensive to print--hah
"Panic become something that's not good"...really! Wonder what cause depositors withdraw their hard earned money from the bank ?
Long product use finance in cradh four vat insurance free of week?
"I wouldn't buy sovereign debt anywhere" what?
if investors don't buy sovereign debt , JP Morgans has to lend money to the government and makes money. clearly a advice in the very own favor of JP Morgan. But hey , this is business. correct me if I'm wrong...
He's amazing
F*cking serious? Are you aware of anything?
These people asking questions must slow down. Be ready to listen and then analyze then ask next question
Banks require more compliance
such a hard hirting interview.
“We don’t need a solution”. Yea, because fractional reserve banking is working out really well. Greed is a poison.
...and then he suddenly had two chaps with the same surname and Harvard background in the office. Come on. I was joking about the "Baumschule"-Tree-Campus.
pardon the interuptions over and over
A hand full of people that appear competent in a very complicated world is this man no one is perfect but he has handled most of everything thrown at him. Jamie take care of yourself and keep your head up your doing a great job.
I always felt the same way. With him at the helm of chase he’s got a lot done. This will be another milestone of his legacy.
Even if it takes trafficking cocaine. Google it.
Product price save interest.
The maturity on a 2,3,5,7,,, year bond is forgiven. The Treasury has no money to pay daddy Fed so the IOU is ripped in half and disposed of( as a way of thinking). But, the money is spent by Treasury into the world wide economy (the Eurodollar) with the Treasury’s expectation that the money will return through taxes! However, inflation takes the stage. US inflation everywhere and anywhere is a monetary phenomenon so QE/QT becomes the weapon not bond yields. Lockdowns are a powerful demand and supply side tool governments use to temper and liquify banking sector in the process true businesses fail through moronic regulation shocks. Corporate and Retail investors just can’t get a seat at those Treasury auctions( paying 5.25%) if they did, even Jamie would be crying for help because all his deposits have evaporated.
Jamie Dimon 4 Prez
Shorting silver ? Lol we never talk about that tho
Jamie says if you short a bank and make a tweet about the bank you should be investigated by the SEC. Do I have that right? That's just silly, Jamie. We can't enforce all laws, Jamie. Law enforcement is unable to enforce all laws. Be real, Jamie.
Should we tweet when he shorts precious metals. Oh yeah that would be every day
Now y'all see what I'm talking about
14:00 gang
People are driving me insane
Buddy sounds like OZzie osbourne lmao
Im so glad Jamie thinks the banking crises is over.😂
Either this guy is a liar or deceiver or he has no clue; the result is the same
and you believe him, right? ask if they ever figured out a credit default swap or why did they create the mortgage crisis because it was a win/win for them.
NYPD resolved a serious organized crime narcotics issue in Rome yesterday with a bunch of 15yearolds thanks to his comments. That, Mr Bloomberg, is disconcerting
This is why I'm focusing on my trading portfolio. I get in and get out with software.
another one who benefitted from the blood and sweet of hard working people.
Long crash price supply vat under rate in product jump cost spill cradh in customer.