How he see businesses moving forward. What are you expecting on impact on growth and do you think theres going to be a different standard on jpmorgan than other banks . Youre not. A come of things there. When we get done after that, i dont know, i do think theres a little bit of decoupling between chinas Economic System and ours, china will continue to grow, i think they want jpmorgan to be there to set transparency and rules and if chinese, if they want to eliminate corruption, they need very good Financial Markets and therefore they can come in and set the standards, it should mean something when jpmorgan said we did Due Diligence, doesnt mean that we are always right but should mean something. Maria big deal for jamie dimon and jpmorgan, they just received their license, a bank 100 in china, spending 11 billion on Technology Every year, how is he going to protect that technology s he going to go to china and they will change things as how they will do things differently. Dagen part
People say the be good for america. Maria more from exclusive interview with jamie dimon this morning. Market this morning. S p and nasdaq had close to another record high yesterday. The dow down a fraction that the s p and nasdaq continue in record territory. Features right now the kick off of the program indicating the markets will open higher once again. Momentum continues in the market will not quit. Dow industrial 40 pints a day, 25291. S p and nasdaq also higher in unchartered territory this morning. Checking European Industries right now. Higher across the board. At the third of a percent from the cac in paris of one half of a percent in the dax in germany at the quarter of a percent. Asia overnight the rally continues mostly higher. Japan was the biggest winner of the one half of 1 in the hang seng in the shanghai also in positive territory. Fixing the flock on the promising to pat the chip issue that led to billions of vulnerable to hackers when to hackers in a row let the upd
It. That was the volatility, massive ramp in the vicks, everybody worried. Back to thursday in the afternoon there was a guy i was watching, he was on between like 12 00 and 1 00, and he read a letter from 2010, oh, no, its a recent letter. I heard you this morning howard is great bonds there was a moment where someone asked about a Semiconductor Stock and he said thats not what i do. I went back and googled howard marks year 2010. Up comes his may letter. Look, i respect that man and i would never do anything against what he is the king of, but the problem is that when you make that kind of broad statement theres a lot of people who do freak out because hes obviously a really smart guy we freaked out when the guy from ball post says its time to go we freak out when Stan Druckenmiller says it. This is why you sold netflix at 30 this is why people sold facebook at 350 this is why they got out of apple. If you listen to yourself, you may not sell these stocks, but if you listen to people
Statement he made midday today which well talk about. Meantime, how about stocks. The s p could see its third 1 gain this year just in that territory right now. Just under well tell you whats behind the move higher and see whether we can hold the gains were drifting down a little bit in the final hour here. And this should be very interesting. After the bell, james damore, the engineer fired from google because of his internal memo on diversity. Hell be talking to kelly oneonone to give his side of the story. Looking forward to that an hour from now. He hasnt been shy about it so far. Right. Let begin at the white house where President Trump is about to address chinas trade practices. Onlion javers eamon javers is standing by. Reporter should see that live on camera in a couple of moments. The president will sign a document which directs the u. S. Trade representative to determine whether or not to investigate any china laws or policies that may be unreasonable or discriminatory relate
Is this tough talk working . We see kim jongun is backing down . China said they would step up. China would suffer most because of sanctions. China is north koreas major trade partner. With the minerals, and seafood and coal, all of these things were sanctioning china will take the hit this is chinas problem. China is the reason that north korea has been able to continue its Missile Program thus far. So all of these things are good. All of these things are working. But it is only temporary. Doesnt solve the problem but helps to deescalate the tensions. Maria great point you make. Join, for a while i was thinking should we give up on china. They havent done much. Thoughts on President Trumps language and response to the north korean threat . Thanks, maria. When it comes to kim jongun you hesitate to say anything is really working because nothing has worked in the past, at least not for long. We may be patting ourselves on the back today but tomorrow, next week, next month there will be