We listen and discuss the Meet The Press interview of Jamie Dimon of JP Morgan (JPM) , Facebook’s (FB) IPO and much more Virtual guests include Simon Johnson, Art Cashin and Lakshman Achuthan. Fed minutes are due, China’s bank reserve reduction and a listener question is answered in this episode.
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Marc Faber, publisher of the Gloom, Boom & Doom report, talks about U.S. stocks and economy. Faber, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also discusses his view on the euro and the euro zone.
Simon Johnson, a professor at the Massachusetts Institute of Technology and a former economist at the International Monetary Fund, talks about the outlook for JPMorgan Chase & Co. following the disclosure the company suffered a $2 billion trading loss. Johnson speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.”
Jamie Dimon on Meet The Press: In the interview, Dimon highlighted the $2 billion trade that went against JP Morgan. Was this a trade?
CNBC’s Bob Pisani and Art Cashin, of UBS, discuss JPMorgan’s surprise $2 billion trading loss and what that could mean for the banking sector.
Economic Cycle Research Institute’s Lakshman Achuthan on The News Hub discusses why he believes the U.S. economy is heading back into recession in the next several months.
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