JPMorgan CEO Dimon on Fed, Energy Policy, Ukraine War
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- čas přidán 27. 06. 2024
- JPMorgan Chase Chairman and CEO Jamie Dimon discusses Federal Reserve policy, the need for investments in energy sourcing and distribution, and the impact of the war in Ukraine on global economic growth. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."
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Not sure who Francine is but this was like a Kindergartner interviewing a Financial Genius. Her questions were random, disjointed and juvenile.
I was going to say exactly that
financial genius? what? financial grifter more likely
@@mr.cromwell9472 US government bailout saved jpm
@@draymond5067 that's a awful lie
Francine Laqua is Bloomberg's Europe anchor for the US viewers. She is on in the early morning hours for the European open & segues to the 6 am US anchors. Her job is to solicit responses not to show how smart she is.
She needs to let him talk and realize he doesn't have a crystal ball 🤣
Journalists need to understand they are not the superstar, and people are tuning in for the guest.
Journalists try to paint a different picture by interrupting when they dont like what they're hearing or whichever entity and paying her to do so. They love to interrupt and go into a different question and how the question is asked makes the viewer side one direction.
She was terrible. Didn’t listen at all and seemed to want to push her point of view while doubting his. You can challenge Dimon in a lot of ways, but when you start admiring how he is handling a difficult reporter then the interview has gone off the rails.
@@DeanAllman I think she was rushing through and trying to get more questions in due to the time constraint. May have sounded rude but we need to understand why she interrupted with new questions each time.
@@1ewi5 kind of a sad commentary on journalism then if time constraints dictated the inquiry. Still I think the constant interruptions were distracting and annoying, and simply undercut the presentation. Interviewing (and editing) skills can be taught. If Bloomberg wants to raise the bar on what they do they need to focus more on this. Otherwise their content is too easy to dismiss.
i like this guy that he dares to say "I don't know" instead of making baseless predictions like many others in the market.
Market is structure for people who have money to spend, Dimon is talking B's, inflation is controlled by big business not fed, nor government,, big businesses have been borrowing money at 0-% interested,, Dimon is talk total BS he knows it we the people know it too,, gig is up
@@victorsempiana7099 ok goldbug
@@victorsempiana7099 Actually, inflation is driven by the FED and managed by big business, not the other way around. The FED creates fiscal policy and big business benefits from it. People tend to have this backward. The government is either elected or appointed in the instance of the FED and they should not be immune to benefiting from their own policy. If anyone was in the private sector and they could benefit from fiscal policy, they would take advantage. Its human instinct.
he's a great, smart guy, always happy to listen to him
Wish he would run for president
I know it’s her job but Francine needs to stop interrupting Jamie Dimon just to get the sound bites she wants
This is how Bloomberg does interviews. I have been watching since 1987 & it's just how they require things to go to give the most viewers in the limited time available. It's not peculiar to Francine that she requires the esteemed guest to stay on point & concise, all the Bloomberg anchors interview this way.
A very charismatic positive CEO despite being facts-oriented.
All in his voice
Let me say this in 2022, this guy is planning to run for president in 2024.
@@Adilrajasoldierspeaks9702
Let me say in 2022, I’m going to Disney+ and chill with your mom in 2024.
@@Adilrajasoldierspeaks9702 doubt it. He has a major heart attack recently. Think he's happier in his current role
Too bad the interviewer is not on his level.
Probably one of his better interviews. Very strategic, intelligent, well-spoken, strong, and layered.
Rational take from Dimon. On the other hand, the interviewer is such a simplistic one dimensional thinker.
She should be embarrassed by her lack of knowledge. Jamie did a great job of communicating in spite of her poor interview skills.
I shouldn't like bankers but I just do like dimon, he's got a cool personality.
He tells it like it is.
Dimon is an impressively level headed and based authority that we need to be pushing to the front of the media. Dude isn’t fear monger if about a recession, but is instead viewing the situation with historical awareness and realism. Also the interviewer seemed a little too aggressive at times, let the man speak no need to switch topics ever 2.76 seconds
Jamie Dimon should run for office. He's much more concise and focused than a couple years ago.
I think hes always been super focused, but you mean after his health scare?
He doesn't have to run. He runs things behind the scenes, with his lobbyists.
I believe he’s be an awesome president
he has that bill clinton demeanor which makes him very likeable but i hope he's less perverted, miles better than whoever we have now (Biden/Harris)
@@teddonaville1151 he a workaholic but I think he's got good qualities that transcends this
WOW, a real potential President with the capacity to work directly in the interests of The American People!!! Run Jamie Run!!
This is a very pragmatic, cautious and sensible man. There are definitely something that politicians should learn from him.
If you could see his points on national security. You could also see why Russia has to make Ukraine not to join NATO and put missiles on their borders. If you could see his points on countries negotiating and solving their differences. You could also see US is playing the opposite role on this war. Almost like US wants this to happen. So it would seem to me he is only sensible on issues when he is not on the receiving end of them.
Why do we care about Ukraine. What is Ukraine? It’s Russias neighbor, brother, trading partner.
Ukraine is not our ally. Not part of NATO. It’s run by Nazi’s. Who gives a F about Ukraine. US taxpayers spend money on it to what gain?
He is the best in the business.
This Bloomberg interviewer was terrible. Let Dimon finish his thoughts.
The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly
Might?.. have you been grocery shopping lately? Things are already ugly. The best bet for anyone with a brain is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed.
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I hate reporters keep asking the same question when he already mentioned he doesn't know.
THIS man is worthy of the Office of the US Presidency. Of all the qualified candidates, we get Biden? Trump? Pls JD!
You also elected a failed lying grifter.
He’s a pompous, elitist who has NO idea how devastating the inflation number is.
The US economy is getting ripped apart at the seams.
Does this clueless jerk know what some of our fellow Americans are through on the baby formula front? NO!
Great interview, I hope Washington was listening!! Straight talk not doubletalk
They are listening to his lobbyists.
Interviewer : why are markets so relaxed.
Dimon : thats just markets, they can change just like that
I am not a big fan of Diamond but I do applaud his restraint for by slapping her for continuing to ask stupid and obnoxious questions.
"Whatever it is we will deal with it, I don't sit and fear it"
Now that's leadership
“ The Fed insulted and injured the working class
Again for the benefit of wall street…
Everyone knows 50 basis points will do very little to stop double digit inflation that shows no sign of slowing …
Other than helping the Japanese yen not lose more value the Fed raise was a slap in the face to America .
Paul Volcker would be shaking his head in utter contempt for the lack of intestinal fortitude at the Fed
100-200 basis points now is what america needed .
The chairman stood there and said we had 5 million excess jobs… This was the time to show the country the Fed cared about America not just walk street.
It failed and thus will lead us into a time we wished we were in 2008
@Block Lord agree but we have been doing this since 9-11
Dem or Rep We just keep printing dollars not balancing budgets, not taking the pain to make us better, sharper ….. now we are in a heap of trouble
You are right. But you should also hear what the man can't say
National security is No. 1. Well said.
Great stuff! I completely agree on the matter of dealing with national security!
Honestly it’s disrespectful to the person of stature of Jamie dimon when the interviewer just reads a few buzz words of the season such as “inflation”, “Ukraine war”, “China”, “recession” and peppers random crystal ball questions without substance
This interviewer was desperately trying to get Jamie Dimon to say something that could be used as a click-bait headline
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Very inspiring! I love this.
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BOLLOCKS.
~4 mins: very honest assessment of investment needs. The private side isn't investing in a rational, altruistic way and federal governments aren't picking up the slack.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
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I like how he continues speaking even though she keeps trying to interrupt him. He’s like nope 🤚
Francine interrupts too much and stops the flow of conversation, apparently she doesn’t understand the complexity of the systems, she keeps asking for certainties in the future and fixed positions, they do not exist. Dimon has a great complex mind, really good experience listening him.
Francine’s got her list of questions to be answered no matter what.
It's so refreshing to hear an actual financial leader stating actually sound financial policy - in other words, we don't know the future, so plan for the most possible eventualities and move on. The interviewer was hilarious, on the other hand, spending the interview looking for some garbage predictions like CZcams is full of.
I hate it when people keep interrupting. Thankfully Dimon was above that.
Everything he is saying is on point. Many other financial minds have said the same. The White House is not listening to people like Mr. Diamond.
It is the second Bloomberg interview I watch in which the reporter interrupts the guest all the time. Is that their new model now?
He’s a very open-minded and practical person which is why he’s in business sector not in government.
We should be afraid of our own incompetence not China or anything else
And we are severely incompetent in this country, make no mistake.
Jamie is in Xi’s pocket
I agree, energy security should be top priority for many reasons.
Obviously. But the general person was led by a narrative that is now biting us in the ass.
@@joelzinho4600 what narrative?
@@jamesbyrne9312 We are being driven to adopt THE GREEN AGENDA, but, IT ISN'T WORKING WELL..
Don't be fooled: interest rates going higher helps the banks
Love that he's not afraid of anything, when/if that comes up then we'll find the best solution
This is Jamie Dimon, best in the business! People forget that things ebb and flow, Dimon knows though.
In 2008, JPMorgan Chase received a $25 billion bailout from the Federal Reserve. That same year, a wholly owned JPMorgan Chase subsidiary merged with Bear Sterns, and JPMorgan also acquired Washington Mutual..... Want to be afraid of if Federal Reserve will bail you out again with more billions of dol
Gotta love this Man. 🙏
Jamie Dimon - "I'm not gonna get into that".
Proceeds to get into that 😂
Lol he did that a few time in this interview
1:00 - He started to say if he had a crystal ball he'd be a rich man; then he realized he's a very rich man
They chose the wrong interviewer for this segment. Why not have Erik Schatzker conduct the interview? He's much more professional, knowledgeable and polished. Unfortunately, the interviewer they used was out of control.
Glad to own JPMorgan
Great insight
This sounds like a man that is going to run for POTUS. He’s got my vote!
And would it even matter what party he belongs to? Personally I wouldnt care.
@@Cameron.Robert he once said he is barely a democrat. He could likely run for both. Also, I'm sure both parties would like to have him.
Jamie Dimon is such a wise CEO and probably the best backer of our lifetime. It is nice to see such a morally sound person Lead such a massive company
This guy is saying I am rich and I don't care. Let them eat ummm... cookies...lol.
Interviewer's questions were not good.
Very great interviewer, she listen and asks hard and pointed questions
Her questions are asinine and she interrupts every other minute.
Interesting talk nothing on limitations of growth, carrying capacity, etc just financial , very informative from the money perspective. Shows how people think.
I,wish the interviewer,would stop interrupting.
We can lower costs for families by cracking down on monopole power -corporations are hiking prices (even as profits surge) because they don't have to compete for customers. Meatpacking industry, soybean industry, energy industry, etc. Core inflation is 6.5 and stabilizing
“The consumer is in great shape” was that a JOKE????????He is in a great shape......JPMorgan Chase & Co. JPM, -1.50% CEO Jamie Dimon's total compensation rose to $84.4 million for 2021, up from $31.7 million in 2020, according to the bank's annual proxy statement filed Monday. The figure includes $52.6 million in option awards for 2021, up from no option awards in 2020. "The special award granted to Mr. Dimon reflects the board's desire for him to continue to lead the firm for a further significant number of years," the company said. "The board also took into account other factors, including the firm's strong performance under Mr. Dimon's stewardship since 2005, his exemplary leadership, and his significant contributions to the firm's success during his tenure." Dimon's total annual compensation in 2021 rose to $34.5 million from $31.5 million in 2020 and 2019. The increase was due to a $3 million boost he received in performance share units (PSUs) to $28 million in 2021 from $25 million. His salary remained at $1.5 million. Shares of JP Morgan Chase are down 14.6% so far in 2022, compared to a drop of 4.6% by the S&P 500 and a loss of 4.2% by the Dow Jones Industrial Average.
JPM is still run well. No matter how the stock goes in the short term. There is a reason people fled to JPM in 2008.
in the 2008 Crisis Dimon had JPM best prepared of all banks, they sailed through the storm in Pacman style, and so true to the tactical advice he generously dishes out 14 years on from that battle - a credible solid level headed guy , a couple of Dimons are urgently lacking in western politics, instead of Trumps, Orbans, Kazcinskys, Bolsoneros, Marcos, ...the list is long
In 2008, JPMorgan Chase received a $25 billion bailout from the Federal Reserve. That same year, a wholly owned JPMorgan Chase subsidiary merged with Bear Sterns, and JPMorgan also acquired Washington Mutual. Has nothing to do with him, it's our tax money and federal reserve money bailed him out and his bank
Yes a $25 billion Federal bailout is "nothing." Just the facts please, and save the adoration for Mammon.
Could really do with some of that un-level headedness of Trump right now, but I guess the mass formation psychosis of the media takes a while to filter through peoples systems.
This guy is a godsend
Where’s Katie? They cannot have a Jamie Dimon interview without Katie porter? Lol 😂
When are you going to raise my interest rate on my Savings ?
He is really good at answering questions. I hope to learn from him.
“What do you think will?”
I don’t predict
“What is going to happen”
I don’t know
“What do you think the future will look like”
Mini… I mean… when you say mini recession.
Francine and Bloomberg come off as human s lime m old. Dimon rocks ...... yet again.
In 2008, JPMorgan Chase received a $25 billion bailout from the Federal Reserve. That same year, a wholly owned JPMorgan Chase subsidiary merged with Bear Sterns, and JPMorgan also acquired Washington Mutual.
Whats the context? You know JPM had to take TARP and the government asked for JPM to take over bear?
What an amazing leader and what perpestive. Superb.
Awesome!
She wants definite answers. He's too smart for that
4:27 If the US manages to accelerate green energy production and gets a stable supply and reserve for this winter, and in combination adds to the supply increase they will most definitely be able to support better their allies in Europe.
Dimon suffered from a serious heart attack a few years ago, which actually makes his opinions more credible to me
Intelligent man we need a president like this.
Jamie Dimon is a great great leader!!
outstanding interview only somewhat minimized by the interrupting interviewer. so annoying !
Imo BR and Vanguard are up to their eyeballs in worthless Chinese bonds, not to mention Russian bonds.
Jamie Dimon is a great leader.
In the 1980-1990, most people (including people in Hong Kong) believed Chinese politics will change in the next 20-30 years. What if it takes 200 years?
Chinese politics changes all the time, unlike the US.
It's actually the American political system that is inflexible. When was the last amendment? When was the structure changed at State-Fed level?
China has gone through multiple complete revamps of their system in the past 50 years alone.
I respect Jamie Dimon. Prepare for all three scenarios instead of guessing.
You got my vote, 💯 percent right!Except , He is a CEO and not be impacted significantly by any recession .🤔Donald fire this guy 🔥🔥
Ty!
National security is the most important thing….meanwhile we have a purposely porous border and a military more concerned with wokeness. JC, I don’t see the light at the end of the tunnel anymore.
Yes thanks you so much kick off and play appreciate and look forward boom bbcode jm...
If I ever get the chance to be a CEO. I would love to be a great leader like Jamie Dimon.
She sat there and blurted out disjointed questions. JD had it covered in a clear, transparent and factual way, however
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This guy is so smart!
Jamie Dimon is arguably the best banker the world has ever seen (maybe with the exception of JP Morgan himself). This woman’s constant interruptions is beyond insulting to a man of Jamie’s stature.
The “best in the world” got bailed out in 2008. Are you serious ?
@@Dedicated_.1 he was forced to be bailed out because other banks that failed didn’t want to look bad. Educate yourself.
@@hdttyson Are you kidding me?
In 2013, JP Morgan settled a $13billion lawsuit to the Federal authorities for misleading investors in the years leading up to the financial crisis.
For context that was the largest fine in history at the time.
Please refocus yourself on reality.
@@Dedicated_.1 they are fined, not bailed out. misleading investor isn't going bankrupt
@@Dedicated_.1 well said
Very sensible
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I'm happy to hear he thinks we've a 30% chance of landing it softly. So you're saying we've got a chance!
F’n A, right?
The issue with inflation should not be rectified through interest rate increases. It's a supply issue which expands as a national security(economic + trade + foreign policies) issue.
Consumer demand is at the same pre covid levels. Ofcourse the Fed can't stand by and watch, however the Fed cannot fix this alone.
That's what I hear Dimon saying. Until supply and trade policy is resolved: commodities will rise, inflation will still rise and we are set for stagflation and recession.
I need to be on the profitable side of all this chaos.
As much as I dont like JPMorgan, I do like the Dimon. Good thoughts.
“The consumer is in great shape” 🤣 negative real income growth and raising rates and super high CPI. Consumer is on life support, just wait until average credit util spikes at higher rates
This man should run for president asap
If you could see his points on national security. You could also see why Russia has to make Ukraine not to join NATO and put missiles on their borders. If you could see his points on countries negotiating and solving their differences. You could also see US is playing the opposite role on this war. Almost like US wants this to happen. And the question is why. Food for thoughts
Jamie needs to run for President! I’m Republican but would vote for him if he were the Democrat candidate in 2024. Jamie vs. Joe. No contest there.
reporter asking the same question...over & over...👎🏽, or goes with the woke question🙈, Dimon is 💎
What does it matter if we have 2 percent growth or 1 percent growth? Growth equals inflation. How about raising the wages of the American workers? How about stopping spending 750 billion dollars on the military and instead spending it on helping citizens? How about healthcare for all?
Impressive
Wow. What a level-headed guy. He stands as a voice of reason and reassurance when everything seems to be going to crap.