j.p. morgan chase is making a big move in the block chain space the nation's largest bank in terms of assets is in talks to merge its market with its mark e. block chain unit quarrel with brooklyn based startup consensus j.p. morgan has already been involved in the blocking space using the technology to run interbank information networks or in its a payment network that involves about 300 banks with a merger with consensus would really affect that business with a quorum is also expected to issue a digital currency called j.p. morgan coins which could be used to make instantaneous payments using block change and now when i always look at these things when you see j.p. morgan getting involved in block chain and cryptocurrency and i know they've been in the space for actually quite a while. but when i see an institutional get involved i get excited because i think that's adding credibility folks on the block chain a critic really don't always feel that way right not necessarily because listen

j.p. morgan chase is making a big move in the block chain space the nation's largest bank in terms of assets is in talks to merge its market with its mark e. block chain unit quarrel with brooklyn based startup consensus j.p. morgan has already been involved in the blocking space using the technology to run interbank information networks or in its a payment network that involves about 300 banks with a merger with consensus would really affect that business with a quorum is also expected to issue a digital currency called j.p. morgan coins which could be used to make instantaneous payments using block change and now when i always look at these things when you see j.p. morgan getting involved in block chain and cryptocurrency and i know they've been in that space for actually quite a while. but when i see an institutional get involved i get excited because i think that's adding credibility folks on the block chain a critic really don't always feel that way right not necessarily because liste

j.p. morgan chase is making a big move in the block chain space the nation's largest bank in terms of assets is in talks to merge. its marquee block chain unit quarrel with brooklyn based startup consensus j.p. morgan has already been involved in the blocking space using the technology to run interbank information networks or in its a payment network that involves about 300 banks with a merger with consensus would really affect that business with a quorum is also expected to issue a digital currency called j.p. morgan coins which could be used to make instantaneous payments using block change and now when i always look at these things when you see j.p. morgan getting involved in block cryptocurrency you know i know they've been in the space for actually quite a while. but when i see an institutional get involved i get excited because i think that's adding credibility folks on the block chain a critic really don't always feel that way right not necessarily because listen blog big point was

j.p. morgan chase is making a big move in the block chain space the nation's largest bank in terms of assets is in talks to merge its market with its mark e. block chain unit quarrel with brooklyn based startup consensus j.p. morgan has already been involved in the blocking space using the technology to run interbank information networks or in its a payment network that involves about 300 banks with a merger with consensus would really affect that business with a quorum is also expected to issue a digital currency called j.p. morgan coins which could be used to make instantaneous payments using block chain. when i always look at these things when you see j.p. morgan getting involved in block cryptocurrency you know i know they've been in the space for actually quite a while. but when i see an institutional get involved i get excited because i think that's adding credibility folks on the block chain a critic really don't always feel that way right not necessarily because listen blog big poi

j.p. morgan chase is making a big move in the block chain space the nation's largest bank in terms of assets is in talks to merge its market with its mark e. block chain unit quarrel with brooklyn based startup consensus j.p. morgan has already been involved in the blocking space using the technology to run interbank information networks or in its a payment network that involves about 300 banks with a merger with consensus would really affect that business with a quorum is also expected to issue a digital currency called j.p. morgan coins which could be used to make instantaneous payments using block change and now when i always look at these things when you see j.p. morgan getting involved in block chain cryptocurrency you know i know they've been in the space for actually quite a while. but when i see an institutional get involved i get excited because i think that's adding credibility folks on the block chain a critic really don't always feel that way right not necessarily because liste

john bilton from j.p. morgan asset management stays with us. coming up in a brown 20 minutes from now, it is etf iq europe -- in around 20 minutes from now, it is "etf iq europe." that is coming up around 9:30 a.m. london time. this is bloomberg. ♪ erg. ♪ francine: economics, finance, politics, this is "bloomberg surveillance." i am francine lacqua in london. let's get straight to the bloomberg business flash in new york city. here is viviana hurtado. viviana: the top job at hsbc has an external candidate. talks with europe's biggest banks. the board remains undecided, though. it is still including candidates, including the interim chief. hsbc says it could take until august to name his new boss. $3 billion to settle federal investigations for wells fargo. the penalties may be the largest yet for scandals when the bank conceded employees may have faked millions of accounts. they may announce penalties as soon as today. tesla got the go-ahead to resume legalng in germany, over roadblocks standing in the way of plans to build an electric car

back at the training site is preparing these people is for aboriginal autonomy and in his proteges j.p. morgan is fighting for a region or title the emphasis is not only on physical training but also on and mental health after all the club l.m.t. is all about transforming feelings of big brains and frustration and replacing them with the aspiration. finally in their day of the. right arm right. after an inviting clash. with. j.p. reid's. pizza with dissolve retreat and a french we have a big fight made for the club members. it's another evening it might be a small want to take to the difficulty journeys that many of the key 3 trains are gone food pass the trio from his commitment to get money and survival and sobs as inspiration to keep on fighting. and that's it for now from africa you can catch all our stories on our website and facebook page well leave the city with these pictures of the swarms of locusts playing in the horn of africa next. what secrets lie behind small. discover new adventures in the 360 to. explore fascinating world heritage site of the. world heritage 360 get me

back at the training site is preparing his people is for a regional autonomy and his protege j.p. morgan is fighting for a region or title the emphasis is not only on physical training but also on foster tricia and me to head after on the club l.m.t. is all about transforming feelings of wins and frustration and replacing them with new i suppose we should. find that day of the. right our right. after an inviting clash. shamu to j.p. reid. pizza with the retreat and a fresh we have a big fights made for the club members. it's another active mind it might be us more than to the difficulty of journeys that many of the keathley trains our own food paths a tree a promise he's from richmond to get money and survival and salves as these potions to keep on fighting. and that's it for now from africa you can catch all our stories on our facebook page well leave it's a day with these pictures of swarms of locusts playing in the horn of africa see you next time. to the conflict zone just to sebastian. my guess newsweek hero. of the hans solo tourism media exploits closer to the motor club sh

morgan is fighting for a region or title the emphasis is not only. on physical training but also on your situation and me to him after all the club dilemma the team is on the boat transforming feelings over the reins and frustrations and replacing them with you i suppose we should. be fine in this day of the fight are right. after an inviting crotch. shot to make a j.p. weak. pizza with dissolve the treat and a fresh rebuild excitement for the club members bookkeeper mungo it's another she had meant it must be a small want to take to the difficulty journeys that many of the key 3 trains are on food vats the trio promise he's completes me to get me and survival and salves as inspiration to keep on fighting. and that's it for now from africa you can catch all our stories on our facebook page well leave the city with these pictures of the swarms of locusts playing in the horn of africa see an extra. is going to. change you know the banks. and so was the language of a bank. speaking the truth. matters. to crime fighters who are back africa's most success

morgan and goldman sachs. markets are well off the lows of the session but still in negative territory, leading declines for the broad s&p 500's real estate, energy, technology and health care is the best performer but it is not exactly performing well. there is a look at your 200 day moving average we have the s&p 500 falling below it. we will watch this but it could be we start to see algorithmic trading around this level. maybe that's the buying we are seeing today. >> there is fear out there because i'm looking at the fear green indicator. this is buying strength on global stocks and this is odlling us that in one peri of time the bears or the bulls are in control. we have not seen this level of strength and fear since the devaluation of the chinese 2016 -- currency sent shock waves around the world in 2016. the virus concerns are driving equity markets lower. us is max neeson. we were listening last night to president trump and his health officials briefed the press. divergentn this rhetoric. president tr

don't forget, united states is not j.p. morgan's only market. people take this stuff seriously in europe. david: shoul >> it should be to economic pressure, and to your point, j.p. morgan saying we'll not fund anyone without a woman on the board or someone of a particular race on the board that top of mob mentality. >> goldman sachs back said that. david: school administrator this seattle ending a program they call racist, but a lot of parents' to keep, our panel weighing in on that, coming next. if you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva. serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face,

morgan chase c.e.o. jamie diamond recently said socialism leads to an eroding society oh i see socialism is bad the distributing of wealth across many rather than having it all extracted to a tiny number a vast. vast what a road society. jamie diamond seems to have forgotten that in a grand act of socialism his bank was given a $25000000000.00 bailout in 2008 he's the welfare queen of all welfare of ways. other. than welfare queens for going around him like planets he also said that socialist governments traditionally have done a poor job allocating capital and end up backing politically popular endeavors and bridge to nowhere projects you know what's a goddamned bridge to. nowhere your bank the big banks they don't have communities they invest in weapons in an oil and fracking and possible destruction they gamble with our money and get bailed out if they gamble wrong while we all get they are massive societal parasites with our glee genitals. i don't know if there was a missed mixed metaphor or a mixed

morgan chase c.e.o. jamie diamond recently said socialism leads to an eroding society oh i see socialism is bad the distributing of wealth across many rather than having it all extracted to a tiny number of ass. that's what erodes society. jamie diamond seems to have forgotten that in a grand act of socialism his bank was given a $25000000000.00 bailout in 2008 he's the welfare queen of all around paraguay. thank you. mother well paraphrased orbit around like planets he also said that socialist governments traditionally have done a poor job allocating capital and end up backing politically popular endeavors and bridge to nowhere projects you know what's a goddamn bridge to nowhere your bank the big banks they don't have communities they invest in weapons in an oil and fracking and possible destruction they gamble with our money you get bailed out if they gamble wrong while we all get they are massive societal parasites with our glee genitals. i don't know if it was a missed mixed metaphor or a mixed orga

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. be nineeeee as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ but when i started seeing i knew aboutthings,emors. i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and i

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. be nineeeee at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. my age-related macular degenso today i made a plan with my doctor, which includes preservision... because he said a multi- vitamin alone may not be enough. and it's my vision, my morning walk, my sunday drive, my grandson's beautiful face. only preservision areds2 contains the exact nutrient formula recommended by the national eye institute to help reduce the risk of moderate to advanced amd progression. it's how i see my life. because it's m

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. be nineeeee apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com jack: jack and this week streetwise calm you right that you're waiting for bitcoin to go full tesla. when you talk much? >> it's that $10000 it's up from $4000 bitcoin a year. it's up from 4,010,000 and i had two questions about that why is it not yet hitting a new high of 20000 and why is it not worth zero? those are what explore in the column. new high because first of i look at is kind of a proxy for nonsense and it breaks very low and scarce. i thought it would be further along, also there'

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. be nine thank you andrew barry be nine thank you andrew barry so much roundtable will receive their investment ideas for the coming week, stay right there. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. hi with the world'se first invisible trailer. invisible trailer? and it's not the trailer right next to us? this guy? you don't believe me? hop in. good lookin' pickup, i will say that. oh wow. silverado offers an optional technology package with up to 15 different views - including one enhanced view that makes your trailer appear invisible. wow. - that's pretty sweet. - that's cool. oooohh! that's a

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. be nineeeee beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. but when i started seeing i knew aboutthings,emors. i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are aller

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at j.p. morgan, we are factoring a 25 basis point cut by the fed in july as an insurance cut. you are starting to see aggressive steps being taken by governments around the world. if you look at the budget issued in hong kong on wednesday, use saw the largest budget deficit in hong kong history. markets haven't really reacted strongly to that. we can get more into details of the structure and why we don't think it will necessarily be stimulative as it might be. andare seeing governments central banks start to talk about aggressive steps. the danger with that conversation is this is a temporary time to find issue. what is going to be fascinating to watch is if we walk into the second half with rate cuts, if it get fiscal stimulus, you set up an environment where you end up over stimulating the economy through the second half with potential impacts on the inflationary environment. downnda: china 10 year five basis points. we see a record issuance in china of 22 billion in february. are looking at a bubble, how does it feel? where does it go? >> we work very close to bubble forma

morgan a long time member of the club was adopted by cuban mongols after his parents were murdered by the group that he paid for. me to you all morning the club is like a family to us the experiences that i had as a child soldier. being a criminal of killing people of ripping people those experiences that i can't really bring into my life but thanks to the master today i belong to the club is like a father to me. in a region where thousands of young people have been off front mungo has become a respected world war there for young people many of whom are dealing with serious traumas inherited from my life marked by violence. but even boxing and training for more physical and emotional therapy fixing cars provides another means off survival and income for people mungle and his army of boxers. i really like that work. most of these kids and car mechanics i teach them to use to train them in books and after practices. back to work on the books and. back at the training site is preparing these people is for aboriginal autonomy and . p. morgan is fighting for a region or title the emphasis

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morgan and i think contradiction? they have appeared at a j.p. morgan and i think they breed the oxygen may have had a drink and they have not ceased to exist since you seem they have not ceased to exist since you seem to be royals.” they have not ceased to exist since you seem to be royals. i think there's going to be the first of many headlines that were going to see like this over the coming year. yeah, we are big scant detail about the conference and i think they spoke at a think they're going to introduce and give some keynote speech, but we do not know how much they will pay for doing it. or if they will pay for doing it. or if they were paid at all and i think i'll be the question for a lot of people. report suggesting that they could be the most bankable couple in the world right now in terms of private speaking fees and we do not have the detail yet but i suspect the next level the story. have the detail yet but i suspect the next levelthe story. do have the detail yet but i suspect the next level the story. do you think they'll still

invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. and my lack of impulse control,, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. ithat car is one of mine. and soon, it's going to be one of theirs. but they would have never even known it existed. if it weren't for the power of targeted tv advertising. it's smart. it grabs people's attention. it works. it's why comcast spotlight is changing its name to effectv. because being effective means getting results. >>> tonight the democratic candidates are converging on nevada. our senior washington correspondent is joining us from reno right now. the 2020 democrats will be tested in new ways in nevada. update our viewers. >> reporter: good evening. they will. this will be the first test of strength from a western state. certainly more african-american vote voters, hispanic voters. joe biden reveives his candidac. >> with your help we're

j.p. morgan curves nonessential travel globally and joints citigroup and goldman sachs and cutting earnings estimates for u.s. companies, and oil is set for its worst week since 2011 as opec's secretary-general says there's a renewed commitment for joint action. saudi arabia wants producers to agree on additional cuts of one million barrels per day. ♪ nejra: what a wipe out on wall street. we will get to that in a moment, but first, breaking headlines coming through. we are still in earnings season. basf sees significant first half coronavirus impacts on the global economy, and it sees 2020 point 2 ebit of four billion euros to 4.8 billion euros versus 4.5 billion euros in 2018. those are the two red headlines. they are saying they do not expect the virus effect to be fully offset over the years, so some important headlines coming through on the impact of coronavirus. elsewhere in the numbers, it is proposing a full year dividend per share meeting the highest estimate, but it sees a sign

morgan. j.p. morgan is not commenting. that is your latest bloomberg business flash good coming up, "balance of power." an analysis of the state of the union. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, a reporter from hong kong on the coronavirus. laura davidson from capitol hill on the impeachment trial, and maria tadeo from brussels on surprisingly strong european pmi numbers. sophie, give us a sense of what is going on over there. the wto -- the who saying not so fast. the world health organization downplaying expectations of a breakthrough vaccine of treatment for the coronavirus, the agency saying it plans systematic review of all therapeutics as china is expected to start critical drug on the mainland as soon as thursday. as cutting taxes and fees and lowering -- david:

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j.p. morgan's annual investor do is underway in new york. bloomberg sonali basak is following the event. what have we heard so far? sonali: everybody better listen closely. after 15 years of investor days, they may not have one next year. it is not set in stone yet. while the interest income was guided lower this year, it has risen for next year. they want to increase the return on equity at their investment bank. we have first reactions coming in from analysts, including it will, which believes be lower because of costs rising. they have to investigate revenues higher, especially in areas they want to grow. in branches across the u.s., india commercial banks internationally. remember, we have until 1 p.m. today to hear of these initiatives from everyone of the ceos at this bank. alix: bloomberg's generally bested, thank you very much for that best sonali bostic, thank you for that. analysts are rushing to downgrade their forecasts from china growth. more to expect. lazard asset management cohead of em debt will be here. let's get a check of

morgan morgan cfo said bank would consider turns if stock keeps rooifgz you sat down with j.p. morgan morgan ceo jamie dimon and discussed stock buybacks. >> you had a buyback in place are you going to apply your stock at any level, all-time high last year going to record territory. >> we we have been buying back we continue to do that. one point might say, that we should -- i would rather invest money i think highest investment to capital grow for more clients, we are doing that more commercial bank, more credit card clients i want to grow meantime excess cash buying back stock. >> "the wall street journal" says that j.p. morgan nearly 60 billion dollars in share buybacks past threeies worked out well for shareholder 75 billion dollars. >> scoring a touchdown selling counterfeit merchandise came up short 123 million dollars counterfeit goods, phony merchandise at flee markets retrial stores as well as very street vendors less likely starbucks yes, it is your name wrong will install machines by end of this year one in every starbucks wi 202020 automated machines reduce wait tim

the health group is leaving the dow 30 at this final couple of minutes after j.p. morgan said senator bernie sanders when then expected in the new hampshire primary is a positive surprise for health insurers. anthem, humana, they are all rallying. what a way always tell you guys, the insurers always find a way to do well and make money. senator elizabeth warren supports the elimination of private health insurance, j.p. morgan says there is a correlation between the health insurers and the viability of the candidates to win in 2020. so we have green on the screen. but a major name not enjoying the new highs, they are issuing a hard warning, vision fund head claimed the wework backer may have hit a bigger and more permanent staff and then one of the biggest ipo maltose of all time. i cannot wait to hear this one. >> interesting stuff. he is in there speaking now to a private meeting, we did have some sources who were at the meeting and the flavor of what he was talking about and fascinating, he covered most of the topics, we were, you name it, here's where it gets re

morgan, is very well thought of a j.p. morgan. that adds to his allure as the brookshire who to replace buffett with. buffett with. be nineeeee ♪ ♪ ♪ ♪ ♪ ♪ wherever we want to go, we just have to start. autosave your way there with chase. chase. make more of what's yours. there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. you've been hearing a lot about 5g. but there's 5g... and then there's verizon 5g. we're building the most powerful 5g experience for america. it's more than 10x faster than some other 5g networks. and it's rolling out in cities across the country so people can experience speeds that ultra wideband can deliver. 1.7 gigs here in houston. 1.8 gigs here in

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that means j.p. morgan chase could likely own a nuclear power plant. the japanese equivalent of amazon wants to form an industrial loan company in utah to get the benefits of being a bank without the regulation. recently, voted with other bank regulators to weaken the volcker rule about having protections in the 2013 rule allowing for more risky leverage investments. are we going in the right direction? it seems the financial system is getting more complex or exotic. things people don't understand. >> what we are focused on is maintaining much higher capital, much higher liquidity requirements. stress test that keep the banks on their toes and address the issues of the day. also resolution planning. those are the important measures that we put into place after the financial crisis. we are focused on sustaining those, making them more effective and keeping them strong. >> welcome back, mr. chairman. good to see you. i have several technical questions i would like to go over. some we have discussed to varying degrees in the past. one is the fed's real-ti

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jonathan: joining me around the table here in new york is bob michele of j.p. morgan, priya misra of td securities, and matthew hornbach of morgan stanley. great jobs report with a big caveat. a big asterisk. all of this data for the month of january predates the scare coming out of china. how much can we read into this? priya: i think the jobs report is actually not that important. it is always a backward looking indicator. plus, we had this pretty big coronavirus shock. we actually don't know how long it will last, what is impact on china. i would argue, looking at the impact on china and on the u.s. today, it is much higher than it was with sars. the report told us the labor market was chugging along as of january. that does not mean a lot. that is why the treasury market pretty much ignored it. jonathan: we pretty much did ignore it. treasury yields now as i look at them are down six basis points. 158 on a u.s. 10 year. it is as if the payrolls report never happened. matthew: this reminds me a lot of 2014. in 2014, u.s. economic data was outperforming almos

morgan we know and jamie dimon their business model is to keep $0.90 of every dollar they steal they pay $0.10 of every dollar.

bruce kasman joining us from j.p. morgan in the next hour. francine: i'm looking forward to that as well. let's get straight to bloomberg first word news in new york city with viviana hurtado. viviana: we begin with hope that the coronavirus outbreak is under control. they are fading. soaring by almost 45% to almost 50,000. reversing the declining growth trend of the previous days. the death or has passed 1300. the coronavirus blamed for what is expected to be the first drop in oil demand in more than a decade, and it comes from the international energy agency. the iea says the virus has battered china's economy. it also says at this stage it is hard to be precise about the impact. now to burgess regulators -- two british regulators. withbe i the fca has to do a count of the relationship between jeffrey epstein and jes staley. epstein died in prison last year. he deeply regrets -- jes staley says he deeply regrets his relationship with epstein. but retains the full confidence of the bank board. and considering a plan to increase its long-stan

the couple attended a private event sponsored by the investment bank j.p. morgan. it's not known if they were paid. in a speech, harry reportedly spoke about being in therapy for years to help cope with the loss of his mother, princess diana. for now, the couple calls canada for now, the home. and now, a stunning wreck caught on camera. a truck driver in turkey apparently ignored flashing warning lights and rolled on to the train tracks. then disaster struck. remarkably, the man survived the crash, but his truck was definitely destroyed. up next, he's sending hundreds of kids to college and asking them for just one thing in return. steve hartman will explain exactly what that is. wow! that's ensure max protein, with high protein and 1 gram sugar. it's a sit-up, banana! bend at the waist! i'm tryin'! keep it up. you'll get there. whoa-hoa-hoa! 30 grams of protein, and one gram of sugar. ensure max protein. 100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms

morgan we know and jamie dimon their business model is to keep $0.90 of every dollar they steal they pay $0.10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now he's a billionaire from committing serial fraud and they've been you know had to face the music many many times so i don't understand why they're singling out mexico it seems like crime pays well this is a local think tank and they're looking around and wondering why is the 1st year in a decade that the economy the g.d.p. has shrank and they're saying well perhaps if we could. down on all these headlines on these stories of cartels beheading people but yeah you're mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime if the in the violent crime on the streets you know what is there in the

jonathan: journey around the table here in new york is bob michele of j.p. morgan, priya misra of td securities, and matthew hornbach of morgan stanley. great jobs report with a big caveat. all of this data for the month of january predates the scare coming out of china. priya: i think the jobs report is actually not that important. it is always a backward looking indicator. plus, we had this pretty big coronavirus shock. we don't know how long it will last, what is impact on china pit i would argue, looking at the impact on china on the u.s. today, it is much higher than it was with sars. the report told us the labor market was chugging along as of january. that does not mean a lot. that is why the treasury market pretty much ignored it. jonathan: we pretty much did ignore it. treasury yields are down six basis points. 158 on a u.s. 10 year. it is as if the payrolls report never happened. matthew: this reminds me a lot of 2014. in 2014, u.s. economic data was outperforming almost the entire year. and what happened to treasury yields? they went down, down, d

morgan and chase earned a $36 last year. serious people have not dropped everything to bring down the cost of housing or raise wages when they found out one and forerunners pay more than half their income toward housing. one thing goes wrong in their life in their lives turned upside down people look at that and economiesent into different responses. we hear a lot about the divide in this country between red and blue, world and urban, coast and heartlandth, people that watch msnbc and people that watch box and people feel no matter how hard they work they can't maintain real economic security. of the real divide is between those whose problems are considered emergency and those who struggle wall street in large parts of washington decide they can ignore. the fed needs to get created for the people that make this country work and it's becomegt clear the president of majority leader are not about to. president trump brags aboutt her storied stock market he pumped up with this deficit busting million dollars tax break for milli

harry and meghan speaking last night at a miami event for j.p. morgan. the prince telling the audience he struggled with mental health, trying to overcome the trauma of losing his mother princess diana. >>> when we come back here tonight i'll take uh-uh down to the stage behind me. but to busi, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (man) we weave security into their business. (man) we weave security into their business. (second man) virtualize their operations. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. like 5g. like 5g. almost all of the fortune 500 partner with us. almost all of the fortune 500 partner with us. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... (woman) when it comes to digital transformation... verizon keeps business ready. verizon keeps business ready. verizon keeps business ready. aleve it. with a

crash j.p. morgan once the once the buyers of physicals over get to a certain threshold that the central banks lose the ability to manipulate or any more it's going to gap to $60.00 i mean that's kind of my my thought about sober and that's why i think it could outperform big coin in 2020 but. let's talk about the fed's expanding its balance sheet with the hundreds of billions of dollars in repo market intervention the curve is inverted if even briefly once again so they they they yield curve around the world is telegraphing global financial collapse because the short rates are higher than the long rates that sells us that banks don't trust each other and off to lend money to each other and they say they're injecting hundreds of billions of dollars and they don't call quantitative easing 4 . but they are injecting you know hundreds of billions on the repo market and it's not working right i mean the dead patient is even better than it was you know 6 months ago they have it. you know there's not