117
117
Jul 16, 2019
07/19
by
CNBC
tv
eye 117
favorite 0
quote 0
the weakest is jpmorgan. they have a very good yield. i like a lot of jpmorgan it is worst in show. versus citi. wells fargo, they have a ceo, it would be helpful i find companies that are run by ceos, they're better than companies that don't have ceos just my predilection i want names if peter thiel names names, i want to know who who does he know works for the chinese communist party, because if you say something is treason, i want -- i would like to have thiel hearings and i want to -- a house on american activities committee. if that's the way we're going, you know, bring it on. that's not the finest hour of this country >> all right we'll see you in just a couple ofminutes. five minutes or so until "squawk on the street. and don't miss jim's exclusive interview with the ceo of domino's pizza, coming up tonight on "mad money" at 6:00 eastern. ritch allison, the stock down after a miss on revenues is where people first gathered to form the stock exchangeee, which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with techn
the weakest is jpmorgan. they have a very good yield. i like a lot of jpmorgan it is worst in show. versus citi. wells fargo, they have a ceo, it would be helpful i find companies that are run by ceos, they're better than companies that don't have ceos just my predilection i want names if peter thiel names names, i want to know who who does he know works for the chinese communist party, because if you say something is treason, i want -- i would like to have thiel hearings and i want to -- a...
73
73
Jul 16, 2019
07/19
by
CNBC
tv
eye 73
favorite 0
quote 0
i'm long jpmorgan, citi, results from the financial everyone on the desk has done a fantastic job about talking about the potential opportunities. pete and john had unusual activity in the last two weeks or so in the financials. listen, if you could finally get -- kevin disagrees, but if you could get the financials to participate in a market that looks like it's not providing you much alpha opportunity you have the potential source that you never really factored in coming into 2019 am i fully confident in their ability that they're going to participate in the rally no i'm suspicious i own them i'm encouraged by what i saw today, especially from jpmorgan and goldman sachs and from jamie dimon talking about how the consumer is on fire. >> i'm so happy i have been underweight financials for two years. people buy financials because of a reaction they have to own the sector the reflex reaction. the truth is the balance sheets of these entities have been deteriorating for years. the return on assets is punk, miserable. these things trailed the s&p and will continue to it's simple. the financ
i'm long jpmorgan, citi, results from the financial everyone on the desk has done a fantastic job about talking about the potential opportunities. pete and john had unusual activity in the last two weeks or so in the financials. listen, if you could finally get -- kevin disagrees, but if you could get the financials to participate in a market that looks like it's not providing you much alpha opportunity you have the potential source that you never really factored in coming into 2019 am i fully...
57
57
Jul 8, 2019
07/19
by
CNBC
tv
eye 57
favorite 0
quote 0
because jpmorgan says we want to play the game and we think earnings momentum is going to pick up and you should buy stocks city comes out today and says buy any dip. so you have citi and jpmorgan saying buy stocks and morgan stanley says do not. >> most investors aren't listening to them and continue to diversify the%s and buying both bonds and stocks and many of them have some percentage of their portfolio in cash. the important thing to mention here is that no one is buying the 2% ten year because they're excited about it it represents optionality and ballast for a volatile market and a bigger powder for being in a bigger asset class it is not exciting, it doesn't make headlines but it's how the majority of people are investing. the one thing i would say about those three calls, at least the jpmorgan guy is saying 12 months out. the morgan stanley call is a 90 day call imagine the madness required to think you know better than 100 million other professional investors about what price assets are going to trade 90 days from now. >> in fairness, they have been more negative on stocks
because jpmorgan says we want to play the game and we think earnings momentum is going to pick up and you should buy stocks city comes out today and says buy any dip. so you have citi and jpmorgan saying buy stocks and morgan stanley says do not. >> most investors aren't listening to them and continue to diversify the%s and buying both bonds and stocks and many of them have some percentage of their portfolio in cash. the important thing to mention here is that no one is buying the 2% ten...
30
30
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 30
favorite 0
quote 0
jpmorgan, two or three cuts. that more conservative assumption in your estimate might give investors a little bit more comfort. the other thing i would note is in terms of technology. that is something we are hearing from wells fargo in terms of talking about their costs. they will not sacrifice tech spending. goldman sachs called coming down -- goldman sachs comp coming down and that is helping their bottom line. jpmorgan saying that will not sacrifice check spending. vonnie: some of this banks of been changing their profiles. takeaways from the changing profiles? alison: in terms of goldman sachs, the story is how much are a moreifting to being mass-market, having these mass-market businesses. they are closing the united capital acquisition, that will expanded mass brokerage, they are also expanding on the consumer side of things. the apple car is something we will be hearing more about. that is the bigger transition going on. vonnie: thank you. alison williams of bloomberg intelligence. more later this week. m
jpmorgan, two or three cuts. that more conservative assumption in your estimate might give investors a little bit more comfort. the other thing i would note is in terms of technology. that is something we are hearing from wells fargo in terms of talking about their costs. they will not sacrifice tech spending. goldman sachs called coming down -- goldman sachs comp coming down and that is helping their bottom line. jpmorgan saying that will not sacrifice check spending. vonnie: some of this...
83
83
Jul 16, 2019
07/19
by
CNBC
tv
eye 83
favorite 0
quote 0
jpmorgan chase, goldman sachs, wells fargo. guys, obvious lly the reason th stock is down they lowered their nim forecast by $500 million. >> sometimes you look at a quarter and you say, please, please, give me a highlight. look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. i don't think when i look line by line, look, you got some good numbers here you have the consumer community banking this line about the -- just the consumer itself, these guys are coining money they're not coining money as i would like it because of net interest margin. i'm fine with it david, do you think i should be more excited than fine with it >> no, not more excited than fine the conference call has begun. as you might have expected, new cfo, by the way, focus on -- taking over from marion lake, running the consumer business now. >> yes >> first quarter, our guidance was $58 billion. talking here about net interest income and net interest margin agai
jpmorgan chase, goldman sachs, wells fargo. guys, obvious lly the reason th stock is down they lowered their nim forecast by $500 million. >> sometimes you look at a quarter and you say, please, please, give me a highlight. look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. i don't think when i look line by line, look, you got some good numbers here you have the consumer community...
55
55
Jul 15, 2019
07/19
by
BLOOMBERG
tv
eye 55
favorite 0
quote 0
for jpmorgan, that was in asia. how much of that speaks to sentiment? that seems to be the big debate. was this a mispriced or misallocated deal? good question. it is something that they talked about on the citigroup call today. they said some of the weakness in their banking pipeline came from consumer sentiment from the ceos related to trade, tariffs. shery: michelle davis, thank you so much for that. also thank you to kenneth leon. coming up, china releases economic data that is sending mixed signals. we will discuss how the numbers may affect the performance of u.s. companies exposed to the country. this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn in new york. amanda: i'm amanda lang in toronto. china's economy has not grown this slowly since at least 1992. gdp rose 6.2% in april tear june period, a number that most would be happy to see but a three-decade low for beijing. data underscores how much pressure chinese policymakers are under as they try to renegotiate the trade deal with the u.s. for more on how that slow done ma
for jpmorgan, that was in asia. how much of that speaks to sentiment? that seems to be the big debate. was this a mispriced or misallocated deal? good question. it is something that they talked about on the citigroup call today. they said some of the weakness in their banking pipeline came from consumer sentiment from the ceos related to trade, tariffs. shery: michelle davis, thank you so much for that. also thank you to kenneth leon. coming up, china releases economic data that is sending...
80
80
Jul 12, 2019
07/19
by
CNBC
tv
eye 80
favorite 0
quote 0
jpmorgan, they bought 3,000 calls there. they went to the july 26 expiring calls as well but they went to the 1116 there. trading 114. they paid about a dollar for these calls. so 3,000 here, 3,000 there, both of these two financials, morgan stanley on the 18th, jpmorgan on the 16th, so clearly earnings are in the target of where they are looking. a i like what we're seeing here. i heard a bit of the guys were having sounds like they are getting more bullish -- >> on goldman. >> yeah, you're right. and goldman has had a great performance. morgan stanley's been the lagga laggard. so maybe morgan stanley can finally start to make a move >> do you share the view on the desk that it is goldman over morgan stanley despite the activity that you see? >> no, actually i prefer morgan stanley to start playing catchup now. i think goldman has had a great run. i think that they have done a fantastic job. that stock was having a hard time to get other than 200, fell back a couple different times and a nice move to the up side but morgan
jpmorgan, they bought 3,000 calls there. they went to the july 26 expiring calls as well but they went to the 1116 there. trading 114. they paid about a dollar for these calls. so 3,000 here, 3,000 there, both of these two financials, morgan stanley on the 18th, jpmorgan on the 16th, so clearly earnings are in the target of where they are looking. a i like what we're seeing here. i heard a bit of the guys were having sounds like they are getting more bullish -- >> on goldman. >>...
64
64
Jul 15, 2019
07/19
by
CNBC
tv
eye 64
favorite 0
quote 0
i say trade it, mel. >> i want to go to jpmorgan now. >> think about jpmorgan up 16% year-to-date but what was the catalyst for financials, regulation cuts and cuts in taxes right? >> mm-hmm. >> that to me -- that story's over. >> how about a steepening yield curve at this point? >> is that going to happen >> i don't know. >> i'm not sure it's going to happen either. if you're going to buy a financial, you have a diversi diversified financial with jpmorgan i would still be a fader. >> i'm a fader as well for many of the same reasons, right let's look at what happened with citigroup. they had some okay ernarnings b trading was down that's going to hurt jpmorgan. they're not maybe as globally diversified potentially. it's just to me already run up why am i getting involved in this i'm a fader. >> hate it you must really hate it because you said it straight out >> yeah, i know. this is best in class, but it's priced accordingly there's almost two times book, the truth is it's not going to deliver any results. >> all right, we got a bonus round here. >> i love it. >> it's like the jonas b
i say trade it, mel. >> i want to go to jpmorgan now. >> think about jpmorgan up 16% year-to-date but what was the catalyst for financials, regulation cuts and cuts in taxes right? >> mm-hmm. >> that to me -- that story's over. >> how about a steepening yield curve at this point? >> is that going to happen >> i don't know. >> i'm not sure it's going to happen either. if you're going to buy a financial, you have a diversi diversified financial with...
77
77
Jul 11, 2019
07/19
by
MSNBCW
tv
eye 77
favorite 0
quote 0
of you remember how a single mother could possibly survive financially on the entry level wage that jpmorgan chase pays single mothers and others in katie porter's california district. jamie diamond had no answer at all, but congresswoman porter just got a very interesting letter from jpmorgan chase that she will share with us later in this hour. also later in the hour, we will see savannah guthrie's very sad interview with a new accuser of jeffrey epstein who says that he began sexually abusing her when she was 14 years old and that he forcibly raped her at 15 years old. >> did jeffrey epstein rape you? >> he raped me. forcefully raped me and knew exactly what he was doing. i don't think cared. what hurts even more so is if i was not afraid to come forward sooner, maybe he wouldn't have done it to other girls. i feel guilty to this day. >> we will listen to more of that deeply disturbing interview later in the hour. first, the most important thing to remember when reviewing today's news is something that is not part of today's news. something that wasn't mentioned in the labor secretary's p
of you remember how a single mother could possibly survive financially on the entry level wage that jpmorgan chase pays single mothers and others in katie porter's california district. jamie diamond had no answer at all, but congresswoman porter just got a very interesting letter from jpmorgan chase that she will share with us later in this hour. also later in the hour, we will see savannah guthrie's very sad interview with a new accuser of jeffrey epstein who says that he began sexually...
145
145
Jul 16, 2019
07/19
by
FBC
tv
eye 145
favorite 0
quote 0
take a look, at hope this morning, 16-point loss on dow futures, the earning season fully underway, jpmorgan, chase and goldman sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting? >> i think we will see fairly recent reports, you will probably see companies beat expectations, stilet not forget that the consensus view of equity analyst is in the second quarter we will see roughly 3% drop, we are seeing the first back to back decline by corporate earnings since early 2016, nevertheless, i don't think the current slow do you know will match the severity of global slowdown we had in 2015, 2016, so the market should be able to continue to move higher. dagen: a lot of good news the afternoon when you have markets hitting one record after another, record close yesterday, a lot has to go out -- >> you know what's helping out low -- interest rates, we have indications that business sales begin to pick up some speed and if i think that's the case, i think we will do well on the earnings front, we will see ne
take a look, at hope this morning, 16-point loss on dow futures, the earning season fully underway, jpmorgan, chase and goldman sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting? >> i think we will see fairly recent reports, you will probably see companies beat expectations, stilet not forget that the consensus view of equity analyst is in the second quarter we will see roughly 3% drop, we are...
63
63
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 63
favorite 0
quote 1
you will notice jpmorgan and goldman sachs was up. wells fargo was down. everyone seems to be singing the rate cut blues. let's hear from mike mayo, a top banking analyst on one of the key issues. >> we think that other banks will give warnings and caution about net interest income that's traditional lending revenues when they report over the next week and a half. we don't think jpmorgan is an exception. let's start with goldman sachs. the surprise there, goldman is the smallest in terms of its consumer business. it has the best equity trading revenue. that was really a surprise here. goldman's trading unit is the washt spot in that revenue 2.4 8 billion. the second-highest quarter in four years. for goldman in general, eps was $5.81 per share. that beats the estimate of $4.93. the ceo says he remains confident or optimistic on the global outlook but he actually talked about the resiliency of the global market. call,o was also on the talking about the investment banking revenue beat estimates. they believe there's a strong pipeline and they are ramping up
you will notice jpmorgan and goldman sachs was up. wells fargo was down. everyone seems to be singing the rate cut blues. let's hear from mike mayo, a top banking analyst on one of the key issues. >> we think that other banks will give warnings and caution about net interest income that's traditional lending revenues when they report over the next week and a half. we don't think jpmorgan is an exception. let's start with goldman sachs. the surprise there, goldman is the smallest in terms...
68
68
Jul 15, 2019
07/19
by
CNBC
tv
eye 68
favorite 0
quote 0
rest up for tomorrow when we're going to get goldman, jpmorgan and wells. let's get to sully and the half. >>> thank you all very much. welcome to the halftime report your top trade this hour, the next test nfor the market with stocks sitting at record highs, what can keep us going higher it is 12 noon and this is the halftime report. >> a new all time high for the major indices. our investment committee debates the next stop for stocks >>> the man who says the fed could be making a mistake. scott minerd joins the halftime desk >>> the bullish call on the machinery manufacturer why one says the environment is better than people think the "halftime report" begins right now. >>> even had time to put my name in there happy monday your investment committee today is joe, josh brown, stephen weiss. we have another very special guest with us on this monday let's begin with the markets and maybe the bold call by global cio scott minerd he says the s&p 500 could rally another 15% this year. it could take the index just below 3500 that was take the dow to 31,000. >>
rest up for tomorrow when we're going to get goldman, jpmorgan and wells. let's get to sully and the half. >>> thank you all very much. welcome to the halftime report your top trade this hour, the next test nfor the market with stocks sitting at record highs, what can keep us going higher it is 12 noon and this is the halftime report. >> a new all time high for the major indices. our investment committee debates the next stop for stocks >>> the man who says the fed could...
149
149
Jul 23, 2019
07/19
by
MSNBCW
tv
eye 149
favorite 0
quote 0
epstein apparently did steer clients to staley and jpmorgan. dozens of them. >> being a connector isn't that odd. you get paid to be the middle guy. >> sure. >> but when he was in prison? >> so staley, another important piece touching on glen dubin as well. staley meets glen dubin who runs hibridge capital management through epstein and makes this connection and then buys the whole thing a number of years later. it really helps increase the success of that business. it grows the aum by a wide margin and makes staley and dubin both sort of business heroes. staley is so grateful for this help that he actually visits epstein during 2008 or 2009 at this time as you said when he is incarcerated and he's working out of an office in palm beach. >> amazing. bill, in your piece you describe an interaction between epstein and a portfolio manager at high bridge. i want to read it because the description is so out of the ordinary. this is according to someone who heard the story. kusnan went to epstein's townhouse and was ushered into a little room by a bu
epstein apparently did steer clients to staley and jpmorgan. dozens of them. >> being a connector isn't that odd. you get paid to be the middle guy. >> sure. >> but when he was in prison? >> so staley, another important piece touching on glen dubin as well. staley meets glen dubin who runs hibridge capital management through epstein and makes this connection and then buys the whole thing a number of years later. it really helps increase the success of that business. it...
35
35
Jul 18, 2019
07/19
by
BLOOMBERG
tv
eye 35
favorite 0
quote 0
taylor: jpmorgan was a big one we were following with nii. morning,an -- this morgan stanley did say that if there were three fed cuts, and last quarter we were looking at a height for the year -- at a hike for the year. comment to my terminal. we know bonds and equity volatility have been falling and that would impact trading and aii going forward. a lot of optimism but cautious given the highlighted uncertainty. low-volume and the that now becoming more of an important player in the market. vonnie: taylor riggs, thank you. our stock of the hour. it is time for your latest bloomberg business flash. some of the biggest stories in the news. jpmorgan says there is only one direction for the 10 year treasury. he spoke with us on bloomberg television. >> all the way down to zero. i think that is where we are headed over the next couple of years. we have had the recovery. now the central banks, one after the other, are falling into line and cutting rates. we saw overnight with the bank of korea. we see it with the bank of indonesia. you'll see it
taylor: jpmorgan was a big one we were following with nii. morning,an -- this morgan stanley did say that if there were three fed cuts, and last quarter we were looking at a height for the year -- at a hike for the year. comment to my terminal. we know bonds and equity volatility have been falling and that would impact trading and aii going forward. a lot of optimism but cautious given the highlighted uncertainty. low-volume and the that now becoming more of an important player in the market....
48
48
Jul 16, 2019
07/19
by
CNBC
tv
eye 48
favorite 0
quote 0
banks are set to report earnings this week, today we will see numbers from goldman, jpmorgan chase and wells fargo. bank of america will present their latest figures on wednesday. big week for the banks calling from new york is jason benowitz from roosevelt investment group thanks for dialing in. what was your takeaway from the citi results here and i'm referring to the fact that they posted a relatively healthy consumer banking business at the expense perhaps of their corporate banking business >> thanks. so from the citi results we felt like the most important takeaway is the bank is on track to deliver its 2019 target of 12% return on common tangible equity it was able to keep guidance intact citi is a bank where by improving efficiency and capital return it can pull levers internally to allow it to weather a challenging environment. the market sensitive businesses declined, relative to what the bank said a month ago, that was consistent then in the card business, we felt like this was strong both spending grew 8% and revenue actually grew 7% so that suggests good branded card resul
banks are set to report earnings this week, today we will see numbers from goldman, jpmorgan chase and wells fargo. bank of america will present their latest figures on wednesday. big week for the banks calling from new york is jason benowitz from roosevelt investment group thanks for dialing in. what was your takeaway from the citi results here and i'm referring to the fact that they posted a relatively healthy consumer banking business at the expense perhaps of their corporate banking...
54
54
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 54
favorite 0
quote 0
our jpmorgan australia executive director. you can get a roundup of the stories that you need to know to get your day going in today's edition of daybreak. bloomberg subscribers, go to your terminals. also available on mobile. you can customize your settings so you only get the news on the industries and assets you care about. this is bloomberg. ♪ shery: this is daybreak asia. let's get a quick check now with the latest business flash headlines. deutsche bank's radical revamp includes an exit from servicing hedge fund clients in the plan could seal most $170 billion of funds transferred to be in be parable. deutsche clients have been pulling about $1 billion per day from funds. the move goes ahead, it could transform bnp and one of europe's prime brokers. united airlines is raising its four-year profit forecast as strong domestic travel demands help cost pressures. the carrier says earnings will climb to at least $10.50 per share, up from $10 in the previous prediction. united is improving its outlook less than a week after
our jpmorgan australia executive director. you can get a roundup of the stories that you need to know to get your day going in today's edition of daybreak. bloomberg subscribers, go to your terminals. also available on mobile. you can customize your settings so you only get the news on the industries and assets you care about. this is bloomberg. ♪ shery: this is daybreak asia. let's get a quick check now with the latest business flash headlines. deutsche bank's radical revamp includes an exit...
48
48
Jul 17, 2019
07/19
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
also they talked about how the stock was trading down yesterday , in light of jpmorgan and citigroup and wells fargo, sort of foreshadowing that lowered expectations today. the other thing that is going to differentiate around here is cost. lower are going to have revenue, is there a way to offset that? one of the offsets is going to be continued dollar credit, so maybe that is an offset but not a headwind. we will continue to see that underscore profits, and citigroup is expecting some cost-cutting benefits come through in the second half, jpmorgan and goldman saying they will continue to invest. wells fargo guidance, the high end of cost range, that was a negative due to operational risks and compliance, less , and bank of america saying today that they were going to basically target costs to come in below last year. they have been targeting about flat. they are saying they are not going to cut tax spending, but they are going to look for other ways. shery: and capital markets ending on a high note, despite the volatility we saw in the last quarter. a mixed bag. what do we see for
also they talked about how the stock was trading down yesterday , in light of jpmorgan and citigroup and wells fargo, sort of foreshadowing that lowered expectations today. the other thing that is going to differentiate around here is cost. lower are going to have revenue, is there a way to offset that? one of the offsets is going to be continued dollar credit, so maybe that is an offset but not a headwind. we will continue to see that underscore profits, and citigroup is expecting some...
70
70
Jul 1, 2019
07/19
by
BLOOMBERG
tv
eye 70
favorite 0
quote 0
john normand of jpmorgan. we are thrilled to have miranda carr with us from high tongue international. we had an eventful weekend on the pacific ring. do you need to rewrite your view forward for jpmorgan? >> i don't think so. i hope i don't. it willis that outperform over a rolling six-month horizon. much't think there is called to increase exposure to cyclicals. out ofought something the g20 would stimulate the global economy this summer, then yes, i would be telling my clients to get as many cyclical assets as they can get. to revive for the fed growth through cuts, i think you want to moderate exposure to cyclicals. on: central bankers lecture low interest rates as a single solution. how do you feel about that? if we are for chairman powell to cannot be the proper medicine to get us to the end of the year? medicine,ot the best but it is the only medicine in the cabinet. if we want to talk about the types of policies that would promote better or more stable growth, it would be some rollbackon of terror and
john normand of jpmorgan. we are thrilled to have miranda carr with us from high tongue international. we had an eventful weekend on the pacific ring. do you need to rewrite your view forward for jpmorgan? >> i don't think so. i hope i don't. it willis that outperform over a rolling six-month horizon. much't think there is called to increase exposure to cyclicals. out ofought something the g20 would stimulate the global economy this summer, then yes, i would be telling my clients to get...
46
46
Jul 19, 2019
07/19
by
BLOOMBERG
tv
eye 46
favorite 0
quote 0
still with us is patrik schowitz out of jpmorgan asset management. on your suggestion, a breakdown of the sbx sector. why are we looking at this? said, the i just earnings season is going to be quite pivotal to the outlook for stocks and it is less about what is happening in q2. the consensus is slightly negative. companies always beat their own forecasts so you are probably looking at slightly positive forecast but this is not the thing that matters. what markets are pricing is a bigger acceleration in growth, q4 and into next year. really about the outlook we are getting companies and what they are saying about q2. we are already seeing a more mixed picture on company statements. it has not been uniformly negative, but we've had a lot of worried companies. the point about the breakdown charges people have to remember the stock market is not the economy. the stock market is overexposed to the parts of the economy that are in trouble at the moment. the tech war and worries about the supply chain, international trade, manufacturing. the things that ar
still with us is patrik schowitz out of jpmorgan asset management. on your suggestion, a breakdown of the sbx sector. why are we looking at this? said, the i just earnings season is going to be quite pivotal to the outlook for stocks and it is less about what is happening in q2. the consensus is slightly negative. companies always beat their own forecasts so you are probably looking at slightly positive forecast but this is not the thing that matters. what markets are pricing is a bigger...
120
120
Jul 16, 2019
07/19
by
CNBC
tv
eye 120
favorite 0
quote 0
. >> and jamie dimon on the earnings call for jpmorgan didn't seem particularly threatened by the sense of libra. do you feel like that the company might live to regret announcing this because of the extra pressure it has focused on from regular late tors >> this is certainly a time when facebook is under so much scrutiny.late tors >> this is certainly a time when facebook is under so much scrutiny we heard concerns about data and privacy, how they will be regulated in terms of data and privacy. and that falls in to other conversations and regulatory scrutiny of the need for more privacy regulations. and also the sense that facebook is just so big, several senators referenced that facebook is too big and this would give them even more power. so the timing is tough and then also the question of whether facebook came out with this idea too early. they haven't even reached out to the regulator, swiss regulator, who would be overseeing the issue. was it smart to get out early or are should they have waited a bit. >> julia, thank you. megan, even so with facebook under fire, stock unfraction
. >> and jamie dimon on the earnings call for jpmorgan didn't seem particularly threatened by the sense of libra. do you feel like that the company might live to regret announcing this because of the extra pressure it has focused on from regular late tors >> this is certainly a time when facebook is under so much scrutiny.late tors >> this is certainly a time when facebook is under so much scrutiny we heard concerns about data and privacy, how they will be regulated in terms...
62
62
Jul 3, 2019
07/19
by
CNBC
tv
eye 62
favorite 0
quote 0
. >> you partner with jpmorgan on a set of benchmarks. do you think it makes it significantly easier having names like jpmorgan behind you when you call a corporate partner and say we would like to talk about this, this, this, do you think they take the call more willingly and feel more obliged to talk to you because of your strength in the market >> i think it's easier because they recognize the quality of the insights we provide. we have had a very, very good collaboration. that has served to a fine investment universe that we use in a scalable manner in debt, in esg fashion. it also helps to be a big house in the sense that we are a major investor in system of these corporates and sovereign debt issuers. so we're able to ask those questions because we do make the creditor nation or corporate understand that our end client, our investors want to hear some of those answers they are very interested in understanding what they're doing to improve the quality of the public financial management, but also the transparent of an oil company. how
. >> you partner with jpmorgan on a set of benchmarks. do you think it makes it significantly easier having names like jpmorgan behind you when you call a corporate partner and say we would like to talk about this, this, this, do you think they take the call more willingly and feel more obliged to talk to you because of your strength in the market >> i think it's easier because they recognize the quality of the insights we provide. we have had a very, very good collaboration. that...
84
84
Jul 8, 2019
07/19
by
CNBC
tv
eye 84
favorite 0
quote 0
here at post nine now to discuss this is jpmorgan's chair of global research joys chang also the head of u.s. equity strategy of bank of america merrill lynch. good morning to you both. >> good morning. >> if the fed cut, would the dow be up 5,000 to 10,000 points more >> i think the market is still anticipating the cut i don't know if it's going to go that high. we think the fed will move twice in july and september because the concerns on business sentiment are still lingering. looking at the second quarter data and even the third quarter we have lingering concerns on capex and business sentiment. >> why specifically do you think the fed is going to cut? later this month, how much would it cut >> we see 25 basis points in july and in september. and i think we see two factors at work. we have seen good jobs data, consumer confidence holding in, capex and business sentiment not keeping pace with that also more uncertainty around other parts of the globe it's not just the fed. in total, we think 19 central banks will be easing the second half of the year. >> that definitely puts it in
here at post nine now to discuss this is jpmorgan's chair of global research joys chang also the head of u.s. equity strategy of bank of america merrill lynch. good morning to you both. >> good morning. >> if the fed cut, would the dow be up 5,000 to 10,000 points more >> i think the market is still anticipating the cut i don't know if it's going to go that high. we think the fed will move twice in july and september because the concerns on business sentiment are still...
67
67
Jul 13, 2019
07/19
by
CNBC
tv
eye 67
favorite 0
quote 0
meeting the c.e.o. of jpmorgan. lemonis: so you want to meet jamie dimon at jpmorgan? cory: yeah. mm-hmm. lemonis: okay. most kids that are 13 would be like, "i want to go to the world series or win a trophy at my soccer tournament." cory's list is "i want to meet the chairman of the world's largest bank." he's got a better plan than i do. i'll see you at the commercial kitchen. i'll see you at the commercial kitchen. cory: perfect. nick: welcome. nick prastos. lemonis: nick, how are you? i'm marcus. nick: nice to meet you. lemonis: nice to meet you. is this an event space? nick: it's an event space, and then next door we have our commercial kitchen where mr. cory does his cooking. cory: hello. lemonis: is this where the magic happens? cory: yes, and i actually have a gift for you. it's a shirt. lemonis: okay. cory: oh! now, that looks nice. lemonis: so you know that i'm people, process, product guy, right? cory: mm-hmm. lemonis: so the people, we're square. cory: yeah. yep. lemonis: we got good people. i need to understand the process and how the product works. cory: okay. lisa:
meeting the c.e.o. of jpmorgan. lemonis: so you want to meet jamie dimon at jpmorgan? cory: yeah. mm-hmm. lemonis: okay. most kids that are 13 would be like, "i want to go to the world series or win a trophy at my soccer tournament." cory's list is "i want to meet the chairman of the world's largest bank." he's got a better plan than i do. i'll see you at the commercial kitchen. i'll see you at the commercial kitchen. cory: perfect. nick: welcome. nick prastos. lemonis:...
139
139
Jul 16, 2019
07/19
by
CNBC
tv
eye 139
favorite 0
quote 0
with futures searching for direction and a number o earnings on tap this week, we'll hear from today jpmorgan and goldman, netflix, microsoft, united health later on in the week can this rally continue given all of those earnings? let's get more insight from art hogan from national ecurities. art, is earnings season this time around going to help propel this next leg of the rally or be a cause for concern for traders and investors? >> such a great question it's always difficult to come in on earnings season at all-time highs. that reaction to negative news or a miss will be much more exaggerated than we typically see if we look back over the last three quarters. so my guess is we'll probably see punishment for the companies that missed be a bit more extreme than we've seen in the past i think as we work our way through this week, which is largely the large cap financials, we'll start to feel better about the entirety of the s&p 500. we'll get about 120 companies reporting next week. we'll get a much better view on sectors other than the large cap financials >> expectations have been tem perio
with futures searching for direction and a number o earnings on tap this week, we'll hear from today jpmorgan and goldman, netflix, microsoft, united health later on in the week can this rally continue given all of those earnings? let's get more insight from art hogan from national ecurities. art, is earnings season this time around going to help propel this next leg of the rally or be a cause for concern for traders and investors? >> such a great question it's always difficult to come in...
62
62
Jul 17, 2019
07/19
by
CNBC
tv
eye 62
favorite 0
quote 0
goldman sachs, jpmorgan, wells fargo looking head we also get bank of america one of the ones you want to watch out for. as we were talking about, the focus is back on trade more commentary out of the u.s. president suggesting that they could look to impose more tariffs on china that's weighed on asian equities overnight. in europe the picture is in the red. ftse 100 trading down by a quarter percentage point yesterday the ftse was the out-performer. yesterday the theme in the uk was about that move in the pound. the pound briefly dipped below 1.24, inverse correlation to the ftse 100 that helped give the ftse 100 momentum yesterday today the inverse is happening ftse 100 is trading weaker in a half hour's time we get inflation data watch out for that after strong wage data. xetra dax below the flat line. cac 40 also weaker ftse mib just above. we are also getting into the heart of earnings season here in europe today is a heavy day, but in terms of the break down, oil and gas is trading right at the bottom down 1.2%. we are continuing to see drops on the spot price. tell l telecoms, w
goldman sachs, jpmorgan, wells fargo looking head we also get bank of america one of the ones you want to watch out for. as we were talking about, the focus is back on trade more commentary out of the u.s. president suggesting that they could look to impose more tariffs on china that's weighed on asian equities overnight. in europe the picture is in the red. ftse 100 trading down by a quarter percentage point yesterday the ftse was the out-performer. yesterday the theme in the uk was about that...
79
79
tv
eye 79
favorite 0
quote 0
jpmorgan held that meeting. apparently treasury has reached out to various firms, goldman sachs, jpmorgan, morgan stanley, to talk about how this thing might look. so we are in the pre-ipo stage. that doesn't mean it's going to happen. the one thing i think that people are getting a little overoptimistic and the stock is up a little today on some of our reporting which by the way, got picked up by some trades, the real problem is are they going to reform something this crazy. remember, 90% of the 30-year mortgage market is controlled by fannie and freddie. they buy the mortgages off the balance sheets of the banks. without fannie and freddie, functioning in a sort of real way, you're not going to have 30-year mortgages. liz: the margins are too thin for the banks. >> but people like 30-year mortgages like they like their deposit insurance and everything else. do they want to roll the dice on this thing. any reform will be a roll of the dice. are they going to do that in an election year. i'm telling you, that's
jpmorgan held that meeting. apparently treasury has reached out to various firms, goldman sachs, jpmorgan, morgan stanley, to talk about how this thing might look. so we are in the pre-ipo stage. that doesn't mean it's going to happen. the one thing i think that people are getting a little overoptimistic and the stock is up a little today on some of our reporting which by the way, got picked up by some trades, the real problem is are they going to reform something this crazy. remember, 90% of...
66
66
Jul 8, 2019
07/19
by
CNBC
tv
eye 66
favorite 0
quote 0
banks like jpmorgan that score higher in our momentum work. if european banks do get that turnaround, i think jpmorgan breaks through 119 resistance which would be a big breakout if the turnaround doesn't play out, i see less downside risk as well much better risk/reward to stay in the u.s. in that group. >> all right relative winners should stay that way if conditions in general improve, i suppose thank you very much. >>> more trading nation, head to our website or follow us on twitter @tradingnation back over to you >> thanks. >> ahead on "power lunch," tackling america's savings crisis the father of the 401(k) lays out his new plan plus, elizabeth warren's wealth tax sparking a major battle. >> and the 148th open championship tees off next week. nbc golf analyst david feherty joins us and he's bringing claret claret jug with him. stay with us and now, the latest from tradingnation.cnbc.com and a word from our sponsor. >> there's a classic investment thesis called the dow theory it says that transportation stocks can either confirm or deny a
banks like jpmorgan that score higher in our momentum work. if european banks do get that turnaround, i think jpmorgan breaks through 119 resistance which would be a big breakout if the turnaround doesn't play out, i see less downside risk as well much better risk/reward to stay in the u.s. in that group. >> all right relative winners should stay that way if conditions in general improve, i suppose thank you very much. >>> more trading nation, head to our website or follow us on...
68
68
Jul 17, 2019
07/19
by
CNBC
tv
eye 68
favorite 0
quote 0
you will see lots of these things >> it's not in jpmorgan's interest to do it because they clip me 20 basis points. >> that's the same argument that mastercard is involved in this, too. >> let them compete. >> they all will be. >> will they be regulated? i think it's no coincidence that libra is based in switzerland. will they be regulated like a bank >> my dad is swiss, my step dad, he told me today that they have not even talked to facebook yesterday. >> they will become a bank >> you're back to one a digital gold, one is a digital currency. you can use it it's like paypal >> that's what it is >> the other one has inherent value in the -- >> no. >> i'm not mad that r.i.m., you don't do a lot for us. but looking at who came from canada we love you. shatner. >> yep >> both ryans, remember both cories both ryans come from -- >> ryan? >> you know the two. >> i don't need to spell it out. >> ryan gosling, ryan reynolds >> ryan reynolds >> yeah. both of them >> mike meyers neil young >> yep >> wait. >> michael j. fox. >> joni mitchell >> it is a -- keanu reeves >> yes >> keanu reeves. don
you will see lots of these things >> it's not in jpmorgan's interest to do it because they clip me 20 basis points. >> that's the same argument that mastercard is involved in this, too. >> let them compete. >> they all will be. >> will they be regulated? i think it's no coincidence that libra is based in switzerland. will they be regulated like a bank >> my dad is swiss, my step dad, he told me today that they have not even talked to facebook yesterday....
92
92
Jul 15, 2019
07/19
by
CNBC
tv
eye 92
favorite 0
quote 0
>>> citi group, goldman sachs, jpmorgan, wells fargo and more it's a big banks earning bona a bonanza. the rally does roll on, the major averages look to open at new all time highs the dow coming off its third record close of th
>>> citi group, goldman sachs, jpmorgan, wells fargo and more it's a big banks earning bona a bonanza. the rally does roll on, the major averages look to open at new all time highs the dow coming off its third record close of th
61
61
Jul 8, 2019
07/19
by
LINKTV
tv
eye 61
favorite 0
quote 0
song in to compete with wall street giants like goldman sachs and jpmorgan. perhaps for not much longer. robert sector has more. a radical overhaul for germany's top bank. deutsche bank unveiled the seven point four billion euro restructuring plan on sunday then we'll see it considerably downsize its fall the tile investment banking division. you dialaled this is about reinforcing our strengths and cutting back significantly in areas where we notice competitive as befefore such as stock trading. the bank will cut some eighteen thousand jobs over the next threree years around a fifth of its current work force. it will also s shut down its equities trading business shrink its bondss in rates trading operations. and creates a capital release units in order to sell around seventy four billion euros worth of unwanted assets. the strategy signals a shift away from the bank's global ambitions after it's been two years trying to compete with the wall street trading giants like goldman sachs. and jpmorgan chase it's notot a thing butut i think investment banking by to
song in to compete with wall street giants like goldman sachs and jpmorgan. perhaps for not much longer. robert sector has more. a radical overhaul for germany's top bank. deutsche bank unveiled the seven point four billion euro restructuring plan on sunday then we'll see it considerably downsize its fall the tile investment banking division. you dialaled this is about reinforcing our strengths and cutting back significantly in areas where we notice competitive as befefore such as stock...
49
49
Jul 24, 2019
07/19
by
CNBC
tv
eye 49
favorite 0
quote 0
stay with us >>> with lisa coleman from jpmorgan asset management. lisa y is this earnings season so critical for the fixed income markets? >> it's particularly important for corporate bond investors companies have borrowed a lot of debt in recent years so really, we want to listen to understand what they're doing with their free cash flow. are they going to be using that free cash flow to the benefit of shareholders for share repurchases or are they going to address the amount of debt on the balance sheet and use it to repay debt >> corporate revenue does detract gdp growth what road map does that create >> we think 2020 growth is going to slow. slower gdp, slower revenue, means less cash flow available to repay debt. >> so we know there's a lot of risk out there where's the best value >> i think it's in areas like financials specifically banks they built up capital. their balance sheets have been stress tested. feel very safe there contrast that to food and bev where you've seen a lot of debt on the balance sheet to fund acquisitions >> thank you s
stay with us >>> with lisa coleman from jpmorgan asset management. lisa y is this earnings season so critical for the fixed income markets? >> it's particularly important for corporate bond investors companies have borrowed a lot of debt in recent years so really, we want to listen to understand what they're doing with their free cash flow. are they going to be using that free cash flow to the benefit of shareholders for share repurchases or are they going to address the amount...
46
46
Jul 16, 2019
07/19
by
BLOOMBERG
tv
eye 46
favorite 0
quote 0
warnscoming up, jpmorgan its lending will fall in the second half. taylor riggs is watching the highlights and that is coming up next. if you're jumping in your car, tune in to bloomberg radio on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ lisa: here's what i'm watching. jpmorgan shares following the banks mixed earnings during an analyst call happening right now and taylor riggs is listening in. taylor: it is all about mortgage loans and the nii. let me start with the nii. both the ceo and cfo coming on the call and saying they're forecasting three cuts this year given the reduced drop in the nii. that is down from a height we saw in the first quarter. nothing to get concerned about is what they're trying to get across. another area of focus within the analyst call down to mortgage loans. loans were down, you are seeing a decline in home lending. ray katz people are already benefiting from. jpmorgan was saying going up again and quality of the loan and structural challenges to remain within the mortgage business.
warnscoming up, jpmorgan its lending will fall in the second half. taylor riggs is watching the highlights and that is coming up next. if you're jumping in your car, tune in to bloomberg radio on sirius xm channel 119 and on the bloomberg business app. this is bloomberg. ♪ lisa: here's what i'm watching. jpmorgan shares following the banks mixed earnings during an analyst call happening right now and taylor riggs is listening in. taylor: it is all about mortgage loans and the nii. let me...
61
61
Jul 11, 2019
07/19
by
CNNW
tv
eye 61
favorite 0
quote 0
jpmorgan chase hopes so. j. ppmorgan launching a robo advisor. they will offer digital investment program. you invest. they're targeting the demographic because they're in the process of targeting wealth. they could use more bank services online. some of the efforts have not panned out. this lasted only about a year after fin debuted. >> i wonder what the robot would think about stopping on the highway grabbing as much cash. >> not an investment strategy. >> thank you to our international viewers for joining us. have a great rest of your day. for our u.s. viewers, "early start" continues right now. >>> they're absolutely going to happen. there's approximately a million people in this country with removal orders. >> raids to sweep up undocumented immigrants are three days away, and there could be collateral damage. >>> plus, here comes barry. hurricane watches issued in the gulf. the first tropical system to hit the u.s. this year expected to make landfall as a hurricane. >> we did what we did because we wanted to see epstein go to jail. >> an exp
jpmorgan chase hopes so. j. ppmorgan launching a robo advisor. they will offer digital investment program. you invest. they're targeting the demographic because they're in the process of targeting wealth. they could use more bank services online. some of the efforts have not panned out. this lasted only about a year after fin debuted. >> i wonder what the robot would think about stopping on the highway grabbing as much cash. >> not an investment strategy. >> thank you to our...
39
39
Jul 9, 2019
07/19
by
BLOOMBERG
tv
eye 39
favorite 0
quote 0
saidoke to jcb -- jpmorgan uants, their funds will outperform. jpmorgan offering strategies. four years old, in the white, only slightly outperforming the this year but that that is over time this will win out and beat out yield chasing and duration risk in the long haul. nejra: dani burger, thank you. eric lonergan from m&g investments is still with us. are you worried you will get a beating out by quants in a bond market? eric: i'm not too worried, to be honest. if anything, the row of quantitative strategies is increasing market inefficiency rather than reducing inefficiency. they tend to move in a uniform fashion and in a sense, the edge is faster. buthan the other quant fund they do the same thing. if anything, you're seeing more flash crashes, more belief reinvesting is how i would invest it and for someone like me, that creates opportunities, just like we have seen in the move in btp's, generically in government bonds, dislocation in the equity market. investor, i will encourage other people to participate on a belief free basis. as a regulator, i would be quite concer
saidoke to jcb -- jpmorgan uants, their funds will outperform. jpmorgan offering strategies. four years old, in the white, only slightly outperforming the this year but that that is over time this will win out and beat out yield chasing and duration risk in the long haul. nejra: dani burger, thank you. eric lonergan from m&g investments is still with us. are you worried you will get a beating out by quants in a bond market? eric: i'm not too worried, to be honest. if anything, the row of...
77
77
Jul 11, 2019
07/19
by
CNBC
tv
eye 77
favorite 0
quote 0
chairman, it seems a little absurd to me that we're forcing an institution like jpmorgan to hold not just enough capital to cover its own losses, but also the losses of the other 35 largest institutions three times over this is coming at a tremendous opportunity cost in my opinion the capital tied up under ccar is capital that could be applied to help first-time home buyers purchase a home or budding entrepreneurs start a small business vice chairman quarles said at a conference in boston earlier this week that capital stress tests need to be more predictable and easier for firms to pass. i guess my question would be, do you agree that ccar framework should be revised. is it an item that's up for debate >> i think that we're going to have to continue -- well, the tests will have to evolve over time or inevitably, like anything else, they'll become out of touch with reality. so we're committed to making appropriate changes. i would say, though, that the bank's obligation is to have a minimum level of capital post-stress. that's the test they have to pass and we don't want them to be a
chairman, it seems a little absurd to me that we're forcing an institution like jpmorgan to hold not just enough capital to cover its own losses, but also the losses of the other 35 largest institutions three times over this is coming at a tremendous opportunity cost in my opinion the capital tied up under ccar is capital that could be applied to help first-time home buyers purchase a home or budding entrepreneurs start a small business vice chairman quarles said at a conference in boston...
66
66
Jul 22, 2019
07/19
by
BLOOMBERG
tv
eye 66
favorite 0
quote 0
mike bell with is of jpmorgan asset management and janet mui. europe.our take on are they in recession or headed to a recession? janet: i do not think europe is having a recession right now but in terms of the sector, the industrial sector is particularly weak. pmi's and contraction and factory orders in order are the weakest since the financial crisis. it is sector specific. in terms of the consumer sector, is doing ok. unemployment is still falling. so far there is not a been is spillover of the weak industrial sector. i would say the euro zone economy is growing modestly and is still up about 1% growth. we are not in a recession but it depends [indiscernible] i want to go to this chart. it is highly unusual. i will not going to the mathematics, but ever greater tenure negative interest rates in germany, the nicest bounce back we have all enjoyed. mike bell, just giving it away with a slight concave feel. , newature of they give up negative interest rates, ever greater negative interest rates is extraordinary, isn't it? mike: it is. it highlig
mike bell with is of jpmorgan asset management and janet mui. europe.our take on are they in recession or headed to a recession? janet: i do not think europe is having a recession right now but in terms of the sector, the industrial sector is particularly weak. pmi's and contraction and factory orders in order are the weakest since the financial crisis. it is sector specific. in terms of the consumer sector, is doing ok. unemployment is still falling. so far there is not a been is spillover of...
75
75
Jul 5, 2019
07/19
by
LINKTV
tv
eye 75
favorite 0
quote 0
the big banks, jpmorgan chase and others, arare pouring money ininto new invements in fossisil fuels, inclcluding the most dangerous, like canadian tar sands. and this is all presented with great euphoria, excitement. we're now reachingg energy indndependence. we can control the world, determine the use of fossil fuels in the world. barely a word on what the meaning of this is, which is quite obviousus. it''s not that thehe reporter, commentators don't knowow about t it, that the ceo of the banks don't know about it. of course they do. but t these are kind of institutional pressureres that just are extremely hard to extricate themselves from. you can put yourself in the -- try to put yourself in the position of, say, the ceo of jpmorgan chase, the biggest bank, which is s spending large sums in investment in fossil fuels. he certainly knows everything that you all know about global warming. it's no secret. but what are the choices? basically, he has two choices. one choice is to do exactly what he's doing. the other choice is to resign and be replaced by somebody else who will do exac
the big banks, jpmorgan chase and others, arare pouring money ininto new invements in fossisil fuels, inclcluding the most dangerous, like canadian tar sands. and this is all presented with great euphoria, excitement. we're now reachingg energy indndependence. we can control the world, determine the use of fossil fuels in the world. barely a word on what the meaning of this is, which is quite obviousus. it''s not that thehe reporter, commentators don't knowow about t it, that the ceo of the...
44
44
Jul 8, 2019
07/19
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
it is rosy for deutsche bank but still below barclays, jpmorgan. they are entering a lot of businesses that are very competitive across wall street. the red bars, the yellow circle is what deutsche bank is targeting. it is a radical overhaul. is it for sure that it will meet those targets? sonali: that is the thing. that little yellow dot is out in the horizon in 2022. we don't know what will happen between now and then. a lot could happen to the economy. they want to keep their fixed income business, private wealth, they want to keep asset management. all of those areas are very competitive businesses. what they want to hone in on also is global transaction banking. turnaround all of this while also balancing cuts is something that is a question mark. vonnie: does this fix everything? like citi did. sonali: it takes a long time. this is something that people saw similar to ubs, when they were exiting certain businesses. a lot of people think this is what deutsche bank could look like, the ubs turnaround story. but you don't know what the economy w
it is rosy for deutsche bank but still below barclays, jpmorgan. they are entering a lot of businesses that are very competitive across wall street. the red bars, the yellow circle is what deutsche bank is targeting. it is a radical overhaul. is it for sure that it will meet those targets? sonali: that is the thing. that little yellow dot is out in the horizon in 2022. we don't know what will happen between now and then. a lot could happen to the economy. they want to keep their fixed income...
56
56
Jul 9, 2019
07/19
by
BLOOMBERG
tv
eye 56
favorite 0
quote 0
regulators because of the downgrade from jpmorgan. emma chandra is your the story. emma: the fine is from the u.k. regulators, $124 million for a breach that exposed 100 million guest records, 7 million in the u.k.. the cyberattack happened in 2014 and impacted starwood hotels, which marriott did not acquire until 2016, but the u.k. regulator blaming marriott for lack of due diligence. david: part of the reason they bought it for the data. what are the downgrades in the sector? emma: i have a chart that shows how marriott and hilton have performed on the year. they have been on a huge care, outperforming the s&p 500. they both have taken a tumble over the last couple of days after jpmorgan, beaver we had the news on marriott downgrading the stock, saying there's not much further for the stocks to run and saying he is concerned about revenue per room and also about industry trends which may tell us something concerning about the consumer economy. david: thanks a much for that report on the hotel sector. 1.4%, goingdown down faster than i can get it out. we will keep
regulators because of the downgrade from jpmorgan. emma chandra is your the story. emma: the fine is from the u.k. regulators, $124 million for a breach that exposed 100 million guest records, 7 million in the u.k.. the cyberattack happened in 2014 and impacted starwood hotels, which marriott did not acquire until 2016, but the u.k. regulator blaming marriott for lack of due diligence. david: part of the reason they bought it for the data. what are the downgrades in the sector? emma: i have a...
74
74
Jul 15, 2019
07/19
by
CNBC
tv
eye 74
favorite 0
quote 0
also a little better than expected that could help jpmorgan and goldman sachs. either way what's clearly the case this quarter is the show me quarter. the banks need to deliver before share prices will respond positively, hence citi outperforming the others today. >> let's get a check on what to expect from united's earnings. phil lebeau has the details. >> a big focus will be on passenger revenue. the earnings come out after the bell tomorrow and on wednesday morning we'll hear from united's ceo oscar munoz. the focus will be on the revenue growth strategy. it has been very successful over the last year, and yes, there will be questions as well about the 737 max, expect for those to come up. wu lo but look, if you go back all the way over to the last year, united has outperformed all of the legacy airline stocks, and it's easily outperformed the index. the numbers come in after the bell tomorrow. guys, back to you. >> phil lebeau, thank you. >>> big tech companies will be in the hot seat in washington tomorrow >> morgan, we get a doubleheader actually tomorrow.
also a little better than expected that could help jpmorgan and goldman sachs. either way what's clearly the case this quarter is the show me quarter. the banks need to deliver before share prices will respond positively, hence citi outperforming the others today. >> let's get a check on what to expect from united's earnings. phil lebeau has the details. >> a big focus will be on passenger revenue. the earnings come out after the bell tomorrow and on wednesday morning we'll hear...
120
120
Jul 8, 2019
07/19
by
CNBC
tv
eye 120
favorite 0
quote 0
bank made $2.3 billion in equity trading globally that compares to $7 billion for goldman sachs and jpmorgan or 2 or 3 billion for some of the european players so the market gains to come would be more significant to the european players than the u.s. guys nonetheless, this should be good for all concerns the question for deutsche will be does their market share also slip in businesses they're still operating in too share price over the last month shows investors welcome the change of direction in general the move back today shows there's still plenty of questions over execution risks >> yeah, with a stock down, what, 5% right now, it does beg the question, is this actually going to work? >> down 5% right now up 13% in the last month, albeit from an incredibly low base. as to whether it will work or not, there's a positive you can say, which is that within trading, their strength had always been in the macro area of things, not in equities. they're keeping that part. and of course that part is also what supports their corporate bank all of that can continue on the flip side, other parts of t
bank made $2.3 billion in equity trading globally that compares to $7 billion for goldman sachs and jpmorgan or 2 or 3 billion for some of the european players so the market gains to come would be more significant to the european players than the u.s. guys nonetheless, this should be good for all concerns the question for deutsche will be does their market share also slip in businesses they're still operating in too share price over the last month shows investors welcome the change of direction...
52
52
Jul 12, 2019
07/19
by
BLOOMBERG
tv
eye 52
favorite 0
quote 0
francine: where do you want to grow jpmorgan? viswas: for us, organically some where maybetle gaps we can do better asset class by asset class. we placed a lot of emphasis on organic tweeps. as i said earlier, the market itself is in decline. had you grow your share of that wallet. the big theme is digitization. that is the future. pace.ring that we are very bullish and optimistic. how are you preparing clients in the next couple months when it comes to brexit? have been at the center for our planning. really all are brexit planning has been around continuity and that has been around clients and employees. we have been planning for adverse scenarios and more .enign we have stalled on giant employee moves. until we know what brexit looks like, maybe we wanted to take a call to see what brexit looks like before we do that. francine: are you prepared for a no deal brexit? viswas: absolutely. in terms of client continuity, we have to be prepared. francine: how many jobs have moved and how many jobs potentially move. when you look at
francine: where do you want to grow jpmorgan? viswas: for us, organically some where maybetle gaps we can do better asset class by asset class. we placed a lot of emphasis on organic tweeps. as i said earlier, the market itself is in decline. had you grow your share of that wallet. the big theme is digitization. that is the future. pace.ring that we are very bullish and optimistic. how are you preparing clients in the next couple months when it comes to brexit? have been at the center for our...
74
74
Jul 16, 2019
07/19
by
FBC
tv
eye 74
favorite 0
quote 0
earning season is shifting into high gear today we're going to hear from three dow component jpmorgan and johnson & johnson now company numbers are coming out facing a federal investigation over sate of its baby powder and they're defending themselves in a 17 billion dollar opioid case down in oklahoma let's bring in francis stacey capital director of strategy and a lot to go through with you and good morning for instance the legal troubles for j&j this is not just indictment of johnson john& johnson this is a potential diet of the entire pharmaceutical industry this case is definitely in oklahoma high priority and asked it be today. what do you expect? >> well i'm not sure exactly how decision is going to come down you know some states are treating this differently than others. but it is really interesting era because it is sort of this question of -- are corporations ever responsible for personal choices, and you know with the opioid thing, the criticism is the market hadding right, it is pushing on doctors giving doctors bonuses and then they push it on the patients. and i do think
earning season is shifting into high gear today we're going to hear from three dow component jpmorgan and johnson & johnson now company numbers are coming out facing a federal investigation over sate of its baby powder and they're defending themselves in a 17 billion dollar opioid case down in oklahoma let's bring in francis stacey capital director of strategy and a lot to go through with you and good morning for instance the legal troubles for j&j this is not just indictment of johnson...
26
26
Jul 16, 2019
07/19
by
FBC
tv
eye 26
favorite 0
quote 0
jpmorgan, goldman higher, wells fargo down. let us get right now back to capitol hill, we are hopping on "the claman countdown" jet here. congressman gavelling in a hearing of the house judiciary antitrust subcommittee. top executives from google, amazon, apple and facebook are about to testify. it's one of at least -- it's been a crazy, crazy week already. four hearings scheduled on the hill this week involving big tech. are we at a tipping point for the stocks? a house judiciary aide telling hillary vaughn today's hearing was decidedly not part of an effort to start a critical investigation into any of these tech companies. but the aide did blame a lack of bipartisan consensus, not a lack of desire, to do it. hillary has been following all the developments, reporting the story from on the ground in capitol hill. what is your sense that the mood there, as this is about to begin, do big tech companies think that it's the start of a critical investigation or more hammering on their businesses? reporter: certainly they have to ma
jpmorgan, goldman higher, wells fargo down. let us get right now back to capitol hill, we are hopping on "the claman countdown" jet here. congressman gavelling in a hearing of the house judiciary antitrust subcommittee. top executives from google, amazon, apple and facebook are about to testify. it's one of at least -- it's been a crazy, crazy week already. four hearings scheduled on the hill this week involving big tech. are we at a tipping point for the stocks? a house judiciary...
32
32
tv
eye 32
favorite 0
quote 0
jpmorgan says maybe december, whispers next year? >> i think we're being nickeled and dimed on the timeline. i think that is the case. they would like it to be september. they would like it to be december as a secondary goal but i think they have a much broader problem here with regard to their organizational structure as it relates to quality assurance. charles: for the first time, anthony, i heard some very smart people saying that maybe boeing will have to scrap the 737. has it gotten to that point in time? is it that dire yet? >> i don't think so. i think it's a sound design. they have some software issues. charles: apparently saying the engine is too large for the plane? >> well they did shoehorn that engine in, if you want to use that kind of phrase. it has changed center of balance of the aircraft. that was overcome with other design changes as well, including the development of the mcas system as emergency last response automated effort at takeoff. so i think in the end, the design is good. we will have very, very fine aircra
jpmorgan says maybe december, whispers next year? >> i think we're being nickeled and dimed on the timeline. i think that is the case. they would like it to be september. they would like it to be december as a secondary goal but i think they have a much broader problem here with regard to their organizational structure as it relates to quality assurance. charles: for the first time, anthony, i heard some very smart people saying that maybe boeing will have to scrap the 737. has it gotten...
28
28
Jul 24, 2019
07/19
by
BLOOMBERG
tv
eye 28
favorite 0
quote 0
david kelly from jpmorgan asset management is with us. has anything for you changed in the last 24 hours in terms of positioning around a new british prime minister, the robert mueller testimony, or trade news with china this week? really, i do not think the mueller testimony will change things, those will continue to believe he -- on trade with china, we will have conversations about talks but fundamentally the tension will continue, at least through the , from theion administration's perspective, if they come up with a deal, the problem is they own it and if the economy does not do well, or if the trade deficit from china does not go down come easy for the opposition to say you have got fooled by xi jinping. that will just summer i think. with boris johnson, we will have to see how it plays out, but will he get the u.k. parliament to accept the deal theresa may could not because i do not fundamentally believe the europeans will give boris johnson more than they gave theresa may, maybe a more negative perception of boris johnson given he
david kelly from jpmorgan asset management is with us. has anything for you changed in the last 24 hours in terms of positioning around a new british prime minister, the robert mueller testimony, or trade news with china this week? really, i do not think the mueller testimony will change things, those will continue to believe he -- on trade with china, we will have conversations about talks but fundamentally the tension will continue, at least through the , from theion administration's...
22
22
Jul 28, 2019
07/19
by
BLOOMBERG
tv
eye 22
favorite 0
quote 0
jonathan: joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. marilyn, you know how this works. you pick your bias, look at your data, and confirm the price. there is something in this for everyone. marilyn: that's right. the data was as expected, shows an economy that is still very healthy, decelerating to trend. it is above the fed's own expectations of long-term growth. you saw very healthy personal consumption. so i think it is pretty good data and, looking at the fed next week, it will be hard to see how the fed will cut by 50 next week. jonathan: we have to work at it means anything to the fed. bob: if i want to nitpick, i could say the revisions brought gdp in 2018 sub 3%, 2.5 at the end of the fourth quarter. there is some slowdown there from what was expected. but marilyn is right, a solid number. the fed could not care less. that is not their issue. they are concerned about inflation expectations. george: if you look for the inflation expectations, they look like they have bottomed and picking up. we take away from it that it was
jonathan: joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. marilyn, you know how this works. you pick your bias, look at your data, and confirm the price. there is something in this for everyone. marilyn: that's right. the data was as expected, shows an economy that is still very healthy, decelerating to trend. it is above the fed's own expectations of long-term growth. you saw very healthy personal consumption. so i think it is pretty good...
88
88
Jul 1, 2019
07/19
by
CNBC
tv
eye 88
favorite 0
quote 0
think about barclays, the other winner, they're a winner jpmorgan chase, they're sponsoring for hundreds of millions of dollars the new warriors stadium in san francisco. all of a sudden, you're not getting kevin durant to be part of that stadium when it opens in the fall back to you guys >> our friend andre iguodala moved teams last night, to memphis from the golden state warriors after they signed a guard, deangelo russell from the nets to a big contract and that kind of blocked their -- ate up a lot of their cap space, we're told we don't know if he'll stay in memphis or not. >> exactly there is some talk that maybe he'll do a buyout and show up in los angeles with lebron james. you can have l.a. and new york, the two power teams in the league, that's good for business probably better than having some of these midtier markets leading the standings. >> thank you very much a huge heat wave, check please on that note, huge heat wave over in europe fascinating story in the wall street journal today saying that the germans just don't like air conditioning they don't have public buildings a
think about barclays, the other winner, they're a winner jpmorgan chase, they're sponsoring for hundreds of millions of dollars the new warriors stadium in san francisco. all of a sudden, you're not getting kevin durant to be part of that stadium when it opens in the fall back to you guys >> our friend andre iguodala moved teams last night, to memphis from the golden state warriors after they signed a guard, deangelo russell from the nets to a big contract and that kind of blocked their...