35 Burst results for "J P Morgan Chase"

Why Biden's economic team would rather go too big on COVID-19 relief

Marketplace with Kai Ryssdal

05:29 min | 2 weeks ago

Why Biden's economic team would rather go too big on COVID-19 relief

"What is going to happen in this economy. Prison biden treasury secretary yelling and a couple of big name. Ceo's including j p morgan's jimmy diamond and sonia singapore from gap had confab in the oval office. Today the president's economic relief plan of course was the topic at hand. Barabra morty is the deputy director of the national economic council at the white house. Welcome to the program. Thanks for having me. Let's start with the news of the day shall we. The meeting in the oval office today between president biden. Insects are yelling and some big business. Ceo's the head of the chamber of commerce was there jamie diamond from j. p. morgan chase. What is the president trying to do getting big business lined up behind him and this relief plant. Well i think that he is looking for their support for the bill and for their knowledge that we need to go big in this moment. I think what the president is hearing from. His top economic advisers is that We are at a precarious moment. Just last week. The jobs report came out and showed that job. Growth is really stalling in america. Even though we're about ten million jobs short of where we were pre pandemic and so. I'm secretary yellen down to his other economic advisers. There is a uniform belief that we need to go. We need to fundamentally alter the trajectory of the recovery and we need to make sure that we're putting money behind putting a vaccine people's arms because the fastest way to get the economy. Moving again is to make sure that we be cooked. Totally agree with the vaccine being this economy right now. I cannot and will not argue with that. But i do want to ask you about this idea of going big as you know. There are some consternation by some that may be one point. Nine trillion dollars is too much that it is in fact more than the economy needs given where for example. The congressional budget office says. We're going to be this summer Where'd you get one point nine trillion dollars and is that too much. I know we don't believe it's too much. And so i wanna talk a little bit about the process by which the president and his team put this package together. I would describe it as a bottom up process so for example there are nearly seven million americans who are behind on their rent an at risk of addiction. We need to provide rental assistance. Those people in the package provides the match rental assistance needed to make sure we keep them in their homes from secretary yell and two other top economic advisors. You is your an asymmetric risks situation. And by that. I mean the risks of going to small with this package far outweigh the risks of going too big so we add that all up. I think the president is very comfortable with the size of the american rescue plan. And i think the american people agree with him. Because there's something like seventy percents support for the package. Let's talk about the the flip side of of going through small which is the concern. The president has one of the concerns about going to big is that there may be some inflation coming in this economy with so much money coming in so soon with the pent up demand. That is sure to happen. Once people can go out and spend and travel and and enjoy life again Are you not worried about that. Well a group monitoring all sorts of different risks to economy and secretary yellen and and others have made clear that they are carefully monitoring the risks of inflation issue. Is that if you do too. Little means that people are going to go hungry. It means that people are going to be booted out of their homes in the middle of pandemic and those are just not acceptable outcomes to the president and look. We are far below the feds inflation target and have been for a very very long time and not to get too wonky owner. I think that the chair powell and others have said the goal is actually to increase in play shen to get closer to that two percent target that they have were. We're a long ways off. I i wonder how Given the the makeup of of the president's economic team many of whom were around in two thousand eight and two thousand nine how scarred people are by the prospect of going to small with a relief. Bill well i can't speak for others and i was not personally there in two thousand and eight thousand nine but i do think that there is a an assessment of the latest and best economic evidence. You look at a where interest rates have been how they have been low extended period of time and you weigh You costs and the risks of adding to the deficit. And i think it very clearly comes out in favour of going big me pick up on something you just said because it struck me when the president said something similar a number of weeks ago that He is he is taking a page from the republicans. Playbook saying look we have to borrow. We have to do deficit spending. It doesn't matter how we pay for it. And i i. Maybe you don't know this. Maybe weren't in those conversations but how did he come around to. You know what we're going to borrow the money the heck with it again. He and his team have been Deep into the economic evidence. And i think over the last five or ten years yet. Economic evidence in support of more robust deficit financing particularly for a temporary emergency measures such as. This one is pretty airtight. The president has been clear that when it comes to permanent changes in policy in other words policy that involves spending each and every year for the foreseeable future that he does think that that should be offset with new tax increases on the wealthy and on big corporations so again i think that is a view that is backed up by the best economic evans

Secretary Yellen Oval Office J P Morgan Jimmy Diamond Sonia Singapore Barabra Morty President Biden Jamie Diamond Morgan Chase National Economic Council Biden Treasury Chamber Of Commerce Congressional Budget Office White House America Shen
Zuckerberg part of $100M ‘California Black Freedom Fund’

Pat Thurston

00:34 sec | 3 weeks ago

Zuckerberg part of $100M ‘California Black Freedom Fund’

"Organizations and corporations have launched the California Black Freedom Fund. It is a five year $100 Million initiative that the group says will provide resource is too black lead organizations in the state aiming to eradicate systemic racism. 25 thunders include philanthropic groups of Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan. Philanthropist Lorien Powell Jobs as well as JP Morgan Chase. The group says the fund aims to address what they call the history of under investment in black lead organizations. Report

California Black Freedom Fund Mark Zuckerberg Lorien Powell Jp Morgan Chase Facebook
Here Are the New York Companies Hitting Pause on Political Donations

Wayne Cabot

00:42 sec | Last month

Here Are the New York Companies Hitting Pause on Political Donations

"Companies have suspended political donations. Ah lobbying Group in Washington says We have never seen anything like this. New York companies that have now suspended contributions either to all members of Congress or just two Republican senators who voted against certifying the election. Include Verizon, American Express, MasterCard, BlackRock, Morgan Stanley, Citigroup, Visa and JP Morgan Chase. Now, the R and a golf governing body said. Body says it will boycott President Trump's golf course in Scotland to as the PGA is doing in Bedminster, New Jersey.

Jp Morgan Chase Washington Blackrock New York Congress American Express Verizon Morgan Stanley Mastercard Citigroup President Trump Visa Golf Scotland PGA Bedminster New Jersey
Companies target lawmakers who tried to block Electoral College

Lynda Lopez

00:20 sec | Last month

Companies target lawmakers who tried to block Electoral College

"Stanley and J. P. Morgan Chase are among a number of companies were you visiting or pausing political contributions in the aftermath of riots at the Capitol in the past week, Hallmark is taking the extra step of asking for his money back. From senators Josh Holly and Roger Marshall. Both Republicans objected to certifying Joe Biden's electoral vote win with money news it

Stanley And J. P. Morgan Chase Josh Holly Roger Marshall Hallmark Joe Biden
Health venture led by Amazon, Berkshire, JPMorgan is ending

Squawk Pod

05:02 min | Last month

Health venture led by Amazon, Berkshire, JPMorgan is ending

"The joint healthcare venture between three of america's most powerful companies amazon j. p. morgan chase and berkshire hathaway is disbanding after three years high profile. Ceo's jeff bezos cheney diamond and warren buffett had teamed up to tackle one of corporate. America's thorniest problems the high and rising cost of employee healthcare and the initial announcement of this partnership was dramatic shares of other healthcare companies tumbled on fears about how these leaders might find a way to make it all less expensive and more efficient in june twenty eighteen. Becky quick spoke to warren buffett and jamie diamond about their shared. Goals are water of ideas out there. A lot of things will be done better. We know the fraud. The administrative 'cause we overuse underuse of of of various drugs and specialized procedures. We know the end of life is often costs. Far more than should and is far more painful should be So there's so many and big data there's so many things to do but the goal is better satisfaction for employees and eventually we can learn a lot of things and maybe help inform america. How we can improve some of these things. Have you heard from aaron place. Yeah i i Addressed a group of about one hundred and thirty or so of the various. Cfo's from all our subs Just a couple of days ago and and they're very interested in the subject and the interesting thing is as we went around interviewing Large number of perspective. ceo's we didn't run into one. That didn't think that improvement was both possible At important nobody disagreed with the the mission. The importance of it or or Feasible only but it's also a very very tough nut to crack havens initial. Ceo was dr a tool galante new yorker staff writer and surgeon. You've heard him on this podcast several times. He's an expert. In how complicated and tangled the american healthcare system is. It's a maze of doctors. Shirts drugmakers guerande. Step down as ceo to become chairman this past spring as the covid nineteen pandemic grabbed the day to day. Attention of the medical community. As haven shudders most of the firms fifty seven employees are expected to be reassigned to amazon berkshire hathaway and j. p. morgan chase. Here's joe kernan. W toward toward healthcare is hard. It's hard to solve health care. I don't care who you are. I don't care if you're talking about. Yeah i don't care if you're warren buffett jeff. I just hope it's not that you know what we lost a couple of million dollars. We'd better shut this down on those three guys. Diamond was that all three of the companies. Were doing some of their own things That they had taken out of the story tapeworm. That's really tough to when you're talking about more than seventeen percent of gdp versus five percent back in one thousand nine hundred sixty san right james warren buffett and jeff bezos saying. Forget it. we can't fix this problem then. Yeah i mean we talked about how many pay three years this is going to be it. This is going to be. Our problems are over right hi talked. I talked about this on the phone yesterday. Try to understand what happened. And i think becky's right i don't think it was that they shut it down entirely because they were losing money or something. I think in many ways it was designed. I don't want to say it was designed to fail but it was it was it was designed number challenging way which was the big lesson of this was actually insurance is local. These health systems are local. And trying to do it on a national basis with with employees in all different types of locality. all kinds of different systems may very. Well be too hard. I think a lot of the lessons were learned. Have been implemented are being implemented at j.p morgan in areas like new york in columbus ohio. For example. i think you're seeing what amazon's doing remarkably actually in seattle. They're their program therefrom -ployees which also include warehouse workers not just not just executive employees. So i think there are some things that will come out of this but obviously not Not the big headlines that that had been expected three years ago when this began. Let's say amazon has rolled out a lot of different initiatives over the last year or two. I was looking at a store yesterday. That kind of laid out some of those things just the idea of amazon health. The they do it for their employees as you mentioned andrew and i think they have thoughts of of selling that other companies too so i i don't think we're going to see the end of any of these companies or any of these actors trying to get healthcare costs. I guess it's just a question of how you do that. And you're right. It is local. You you've got to do this on a local basis but healthcare costs are are not going down. You know they rise faster than inflation. It's a. it's a huge huge issue More than seventeen percent of gdp and we do have to continue to try and find a way to tackle this

Morgan Chase Warren Buffett Jeff Bezos Cheney Diamond Becky Quick Jamie Diamond America Galante New Yorker Amazon Berkshire Hathaway Berkshire Hathaway Joe Kernan Amazon Warren Buffett Jeff James Warren Buffett CEO Aaron Jeff Bezos P Morgan Diamond
Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

Mornings on Maine Street

00:23 sec | Last month

Haven will shut down, ending joint healthcare bid by Amazon, Berkshire, JP Morgan

"Started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care. And reduce costs for workers that their three companies, The Wall Street Journal, says havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more for

Jp Morgan Chase Jamie Diamond Berkshire Hathaway Jeff Bezos Warren Buffett Amazon The Wall Street Journal
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

Charlie Parker

00:23 sec | Last month

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

"Ventures started by Amazon. JP Morgan Chase in Berkshire Hathaway is dead. Executives Jeff Bezos, Jamie Diamond and Warren Buffett launched it three years ago, hoping to transform health care and reduce costs for workers that their three companies The Wall Street Journal says Havens goals were too ambitious. It also lost leadership because of the pandemic. You may be paying more

Jp Morgan Chase Jamie Diamond Berkshire Hathaway Jeff Bezos Warren Buffett Amazon The Wall Street Journal
Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

WBZ Afternoon News

00:24 sec | Last month

Haven, the Amazon-Berkshire-JPMorgan venture to disrupt health care, is disbanding after 3 years

"New England business. The healthcare venture created by three corporate giants to attack storing care costs will will be be shuttering shuttering only only a a couple couple years years after after launching launching A A statement statement from from Haven Haven says says it it will will end end operations operations at at the the end end of of February. February. The The venture venture was was formed formed a a 2018 2018 by by Amazon, Amazon, JP JP Morgan Morgan Chase Chase in Berkshire Hathaway. The independent company was created to focus on improving care delivered to employees of those businesses while doing a better job managing The

Haven Haven The Venture Venture New England Jp Jp Morgan Morgan Chase Chas Amazon Berkshire Hathaway
"j p morgan chase" Discussed on WLS-AM 890

WLS-AM 890

04:18 min | 2 months ago

"j p morgan chase" Discussed on WLS-AM 890

"Plenty of people plan a successful retirement. Well, that's true. I mean, when I was growing up, my dad did very well, Theresa, As you know, he amassed millions and millions of dollars and whoever would have thought that once you had that much money, things could go wrong. But they did go wrong, and he never worked with a planner. And at the end of his life, he the last five years of his life. He got sick and he got risk here. He lost everything he had. He left my mom behind who lived another nine years with barely enough to make it and she had to rely on us kids quite a bit. Nobody wants to be like that. And what happens is is that when people plan Well, like I was talking to this one gentleman just earlier this week, and this particular guy's got a million dollars and he needs to have $40,000 a year supplemental income to make his life keep on going the way it is today. He should think and well, I should just give that money to some Ara. That's going to put the money in the market and grow it and I'm going to take 4% out. That sounds like a good deal, right? Target 4% of a million dollars is 40,000. And as long as you can retain that million dollars, you can retain that 4% growth rate. But Theresa, what would happen is all the sudden we had a market crash next year. We wake up in the market Stone 50% know he'd be a big trouble for a million dollars left right? Well, if he's taking 40,000 out of a half a million. Now he's taking 8% out a year. He's taking too much out of his savings. And the plan is going to just get wiped out. The problem with the 4% rule is this. You don't know how it's gonna end up at the end of the day. I've seen all the calculations and if you've got your money in the market that key thing toe, how you're going to end up with is when during your lifetime, the market goes up and when it goes down If it's going down, especially in the early years, you could run out of money. 15 20 years down the line. If the market is doing well on your first 5 to 10 years, you could end up with more. But when it comes to retirement, what would you rather have? And if he situation and the money you need to live on, or would you rather have something that you're very confident could work out? I would vote on the side of confidence and also conservatism when it comes to that. Absolutely. And that's why we use certain products that can do things for us, like create guaranteed and come for likes an income for life. When I say guaranteed income, let's say you have an account at your brokerage. Maybe it's a J. P. Morgan Chase or when whoever it is, it doesn't really matter when that account runs out of money. How much money are you going to get next month? Toe liver? Nothing. You won't have anything. But if you have a product that has guaranteed income, and we help a lot of our clients with that evil in the account has nothing left. You're still getting paid. You create your own personal pension. To make sure that your money is going to last. And if you've got a pension coming in, then you can invest the rest of the money in the market and you can weather the storm because the market does go up and down and up and down, but over time it goes up. What you don't want to do is be withdrawing from your account at times that aren't advantageous to you. But how are you going to know what's advantageous. You need to have a plan put in place to have a plan. So I worked with this guy and with this guy with a million dollars, we figured out that he could Put 500,000 in the market and put 500,000 into a pension plan. He'll have the income. He needs his whole life long and then some. This way that other 500,000 can keep on growing in the market and at the end of 20 years at a Reasonable rate of return in the market of 7% debt 500 that he put grew to two million. So he's doubled the million he started with, and he still has income for life that and he doesn't need to touch his market money to do it. Doesn't that sound like a more comfortable way to be?.

Theresa J. P. Morgan Chase
Amazon opens online pharmacy that delivers prescriptions

Behind the Numbers: eMarketer Podcast

03:51 min | 3 months ago

Amazon opens online pharmacy that delivers prescriptions

"Amazon launching an online pharmacy customers will be able to buy prescription medications through a new store on its platform code amazon pharmacy. So now when you're at the doctor you can ask them to send prescriptions to amazon pharmacy. Just like any other retail pharmacy. Like you did before. It accepts quote unquote. Most insurance plans poll amazon launching. An online pharmacy was the points. What could possibly go wrong. There are two aspects of the recode article that used santos marcus that i thought were interesting. One is the fact that a lot of things that we didn't anticipate buying through amazon. Now we do so routinely. So i think that bodes well for prescription drugs being part of that but the other part that concerns me quite a bit is the just the number of knockoffs and how unregulated the amazon marketplace. Seems to be at times mock I would never bet against amazon in anything possible. Hitch in this. Is that the prescription. Drug markets skews toward older consumers. They they're the ones who who need this stuff more and that on average somewhat less comfortable with ecommerce younger people had the a lot of The pandemic learn to deal the e. Oh so that that's favor. But i'd be astonished if this flops blake yet had mark's got it exactly right. It's sort of the logical next step for amazon. Now that the pandemic has gotten older generations. Used to shopping for essentials online so sort of the next step beyond grocery in every other day household essentials and this is the age group that they're going to need if they want this to be successful so i think the time is right. Context on this story is comes about two years after amazon com susan company pill pack for seven hundred million dollars is also made other moves into the health space. Health insurance space amazon. Berkshire hathaway and j. p. morgan chase in twenty. Eighteen launched a joint health care venture code haven. We've yet to see where that's going to go. I'm was prime. Members will of course be able to save money paying for medications generic and off brands without using health insurance which is interesting. that's just chace took hit following the news. Drugstore companies like cvs and drug distributors like cardinal health. This will no doubt as well as vice out of walmart target costco's pharmacy businesses to joe this album praying and sharon tell up the wall street journal noting quote. Most americans still prescriptions at the traditional drugstore. Us prescription drug sales at pharmacies was over three hundred billion dollars in two thousand eighteen coins health research firm. A via nearly four billion prescriptions filled each year in the us in march. Mail order prescriptions. Mail order prescriptions. Were up twenty one percent from the previous giving them a six percent slice of the prescription drug market. Hi shannon lost two years. According to suntrust robinson humphrey. Wasn't there a time not long ago when there were a lot of rumors about amazon getting into not the prescription drug business but healthcare coverage insurance coverage. Am i imagining that. Or i might be the time with the two companies haven joint venture with halfway and j. p. morgan chase. So they got together to basically trying to put together some kind of umbrella coverage for all three companies. And somehow i pulled on everybody's sources provide coverage for all of their employees. I think that might be the thing. Maybe i i guess. I was on the impression that it was more comprehensive than just those companies and that they were basically going to try to roll out like you know obamacare. You know amazon care but yeah whether they were going to roll the roll that out to other companies as some kind of a model yet to be seen but i think with their own folks

Amazon Morgan Chase Santos Marcus Berkshire Hathaway Blake Chace Suntrust Robinson Humphrey Susan Costco Walmart The Wall Street Journal Sharon JOE United States
Weak 0.3% US October sales gain spreads some holiday unease

AP News Radio

00:52 sec | 3 months ago

Weak 0.3% US October sales gain spreads some holiday unease

"While it was hoped that Americans might get early jump start on holiday shopping October rang up a weak retail sales report U. S. stocks and treasury yields were tapping the brakes after the commerce department reported the retail sales grew a sluggish zero point three percent in October that was lower than what economists had expected gains occurred in just a few areas and reveal how the pandemic is altered spending trends online shopping jumped three point one percent in October in is increased by nearly a third in the past year sales rose at electronics and appliance stores home and garden retailers but sales at department stores fell by nearly five percent clothing and sporting goods shops fell by more than four percent J. P. Morgan chase which tracks activity on debit and credit cards his overall spending fell in early November as well analysts believe the surgeon coronavirus infections and the expiration of the federal boost unemployment checks has slowed spending I'm Jennifer king

Commerce Department Treasury J. P. Morgan Chase Jennifer King
PNC to buy US unit of Spain's BBVA bank for $11.6 billion

Joel Riley

00:20 sec | 3 months ago

PNC to buy US unit of Spain's BBVA bank for $11.6 billion

"PNC Bank is about to become the nation's largest regional bank after agreeing to buy the U. S operations of a lender based in Spain. The price tag here is $11.6 billion Regional lenders have been looking to bulk up is larger rivals like JP Morgan Chase and Bank of America, expand their digital offerings and move in two more states.

Pnc Bank U. Jp Morgan Chase Spain Bank Of America
Zoom and other ‘stay-at-home’ stocks are getting crushed on the positive vaccine news

Murph and Mac

00:42 sec | 3 months ago

Zoom and other ‘stay-at-home’ stocks are getting crushed on the positive vaccine news

"Wall Street has welcomed today's news that visors Corona virus vaccine shows a 90% efficacy rate in their late stage trial, a stunning result in a light at the end of the tunnel. So while most stocks are solidly into positive territory, stay at home stocks are suddenly taking a beating San Jose's zoom video communication down 14%. Online retail powerhouse Amazon is off 3%. Netflix is down 5.5% and tell help stocks also sharply lower, however, travel here and banks like B of A and J P. Morgan Chase are having a great morning. The Dow is up 1165 points. The NASDAQ is ahead. 75

San Jose Netflix Amazon
"j p morgan chase" Discussed on FinTech Insider

FinTech Insider

01:35 min | 4 months ago

"j p morgan chase" Discussed on FinTech Insider

"Ten percent of those people currently using to manage their accounts to some less Avi accounts holders have expressed consent around move to a banking while others express concerns around data formats of statements within the APP. Seemed kind of like a small critique but anyway, I'm very money have. Concerned there are no changes to other products and there will be plenty of assistance live shots. And stifles so I think this is quite interesting having managed a web APP before several whereabouts before I wonder if actually it's part of. You know. Listrik strategy to move to a modern easy to maintain easy to flex adopt will full operation level may be the web engineers and product support staff. I'm a being deployed onto other projects internally as a starting to partner with. With other providers in the bus as well. I also head intently that axing branches to or at least merging them so. Yeah it seems like the subtly moving redeploy capital I would say by I've see, summon. Thank you so much interesting given everything. We've been talking about earlier in the importance of branches or another story we didn't have time to cover is J. P. Morgan Chase taking own square and pay pal with a smartphone called Rita for Faucet opposes a much. So they're.

J. P. Morgan Chase Faucet partner
Hope Vs. Despair

The Indicator from Planet Money

07:48 min | 4 months ago

Hope Vs. Despair

"Everyone Stacey Incarnate Cardiff here. This is indicator from planet money and it has been a while since stacey naive put on our holsters stared across from each other for a good old fashioned gunslinger and shootout. Right we know Cardiff. That these things are very hard on you so try not to make them frequently you know as it or not. I am talking like I'm in a Sergio Leone flick. So because we should always be talking like we're in a Sergio Leone movie. We need the music fistful of dollars, the DOODOO. Of. The US economy is in this very uncertain place right now, there's the election coming up Congress and the White House have not agreed on a new bill to provide aid and stimulus, and the economic indicators are pointing all kinds of different directions. Yes. So based on those indicators is the case for hope stronger or weaker than the case for despair. To end the show station high debate, we take sides and to decide which side we're flipping a coin flip out at the O. K. Corral, Dang right? Heads I. Make the case for hope and Stacey you are despairing and if it's tails, you get to be hopeful. So I'm hoping for hope. It's tails, which means you get to be hopeful I. Spring the despair. Oh, I'm so excited I. I'm excited to be the voice of hope Cardiff. I feel like I feel like there's a part of you. That's excited to be the voice of despair. AM I. Wrong. Little bit a little bit. So yeah US economy after the break the good the bad and the I guess in our case the Smug League own nice. Prepare to rush Garcia prepared to do Rashed it's happening. Support for this podcast and the following message come from. Google, from updating their hours to adding takeout and delivery information. Small businesses around the country are using free google tools to adapt learn how at Google dot com slash grow. Okay folks. I will be arguing the case for pessimism for despair about the US economy stacey is arguing the case for hope. Stacey. You get to draw I. Okay. Cardiff here it is the case for hope the US economy is coming back. Economists are forecasting that the economy rebounded very strongly in the third quarter of this year after a very terrible second quarter the official numbers for the third quarter have not been released yet. They come out next week, but it is possible that the economy was up to eight percent bigger than it was in the second quarter that is just enormous definitely for sure it would be A. Really strong number but let's remember that the third quarter included the month of July when the economy was still running on the stimulus provided by the cares act that was the big government spending bill that provided an extra six hundred dollars a week in unemployment benefits to people who are out of work but those extra benefits expired at the end of July. So the stimulus by now is probably wearing off and also we still have almost seven million more unemployed people in the country. Then back in February before the pandemic started and I'm really worried about them now that they're not getting that extra help. Yes, you are totally Right that the high unemployment rate has been absolutely crushing, but the reason for hope is that Cardiff this very great that you referred to has actually been falling. So remember the worst economic damage from the pandemic was in the early months of March and April since then the unemployment rate has fallen from about fifteen percent where it peaked down to about eight percent as the economy has recovered, that is a huge recovery in a pretty short amount of time. That's true for sure and a hopeful sign but we have to recall that not all unemployment is the same most of the people who've already gotten their jobs back only. Lost those jobs fairly recently, but the number of long-term unemployed people is actually still going up each month. These are people who lost their jobs more than half a year ago and they have not been rehired and the longer they go without a job. The more likely it is that they're gonNA, lose their contacts and lose their skill sets and really struggled to find work again. Later you make some fair points Cardiff and I would respond that if the economy keeps growing though eventually those jobs will come back and there is a really good reason for hope that the economy will, in fact keep growing and that is consumer confidence. In September consumer confidence shot up by the most it has in seventeen years, which means that people in the US are planning to keep spending money because they are optimistic about the economy. For example, the sheriff people who are planning to buy a major appliance like a refrigerator, a stove or something like that is the highest it's been in seven months, and all that spending is going to keep the economy growing. There we go. Cardiff Garcia mic drop I. Think we should just call it right now I have one because consumers can be wrong I. Mean just because you're planning to buy the latest oxo coffeemaker with that sleek. Thermal Carafe does that mean you actually will if suddenly the economy goes bad but I would also point to a big split in precisely what people are spending money on. So specifically, yes people are spending more and more money on goods for the home like furniture and electron ix. But consumers are still not spending much money on services on things like eating at restaurants on traveling, and that's a problem because for example, restaurants and hotels are a huge source of employment for low income workers. So I'm just worried about people who rely on those jobs coming back especially since remember again, those extra benefits for the unemployed already expired. Almost three months ago card. If I think you should go ahead and splurge and buy yourself fancy coffee Raffin. Here's why. So you keep mentioning that the benefits for unemployed workers have expired and that is true but it is also true that not all of the money from those benefits with spent right away. A lot of that money was saved plus people who kept their jobs have also saved more money since the pandemic started because all the business lockdowns meant there were fewer opportunities to spend their money and you know people were maybe hunkering down a little bit too and what this means that a lot of households out. There still have money saved up money that they can start spending in the economy on things like fancy coffee carafe indeed though we also do know that a lot of the unemployed workers have already spent down a lot of their savings according to the J. P. Morgan, Chase Institute the unemployed spent about two thirds of their added savings in August that was the first month after the benefits expired, which means by now their finances could be getting really tightened. So they may have to cut back on some of their spending card. If you've now perfectly set up my final argument in the case for hope hated when I do that. That is policy. It is not too late for the president and Congress to make another deal before the election in order to stimulate the economy, those negotiations are still happening and also the Federal Reserve has been using monetary policy to help boost the economy. For example, low interest rates have given a big boost to the housing market, and historically the housing market has been a good sign of where the rest of the economy is headed and housing market is doing quite well. Yeah I definitely concede. The point about the Fed and the housing market. But the Federal Reserve itself has also said that what would be really useful for the economy is another bill like the cares act from the president and Congress, and all I'm saying to you is if the case for hope relies on politicians striking a deal agreeing on something that might be the most despairing

Cardiff United States Stacey Google Sergio Leone Congress Federal Reserve Doodoo President Trump Garcia O. K. Corral Smug League J. P. Morgan Official White House Chase Institute
Pandemic's total cost to America: $16 trillion

Jay Talking

00:27 sec | 4 months ago

Pandemic's total cost to America: $16 trillion

"19 pandemic will end up costing the U. S $16 trillion.4 times the cost of the great recession economic shutdowns or half the total. The rest is health losses. The curtain rises tomorrow on third quarter earnings is JP Morgan Chase and Citigroup report. Pandemic related loan losses will be front and center. Analysts think the four biggest banks set aside another $10 billion in the third quarter.

Jp Morgan Chase Citigroup
JPMorgan Chase Fined $920 Million By US Over Market Manipulation

10 10 WINS 24 Hour News

00:38 sec | 5 months ago

JPMorgan Chase Fined $920 Million By US Over Market Manipulation

"Biggest bank, has been fined for manipulating the market's correspondent Aaron Carter SKI With that story, he Morgan Chase agreed to pay $920 million to resolve investigations into market manipulation through spoofing its traders placed hundreds of thousands of buy and sell orders on the New York Mercantile Exchange, the commodity exchange in the Chicago Board of Trade that the bank never intended to execute Spoof orders sent false signals of supply and demand that regulators said deceive the marketplace and manipulated prices. J. P. Morgan Chase entered into separate agreements with federal prosecutors in Connecticut and the Securities and Exchange Commission to resolve a scheme that ran for eight years. Along

J. P. Morgan Chase New York Mercantile Exchange Securities And Exchange Commis Market Manipulation Aaron Carter Chicago Board Of Trade Connecticut
"j p morgan chase" Discussed on Adventures in Finance: A Real Vision Podcast

Adventures in Finance: A Real Vision Podcast

05:53 min | 5 months ago

"j p morgan chase" Discussed on Adventures in Finance: A Real Vision Podcast

"There's an inequality in terms of what you know who is who is there, and this has happened over a longer period of time over the last cycle from two thousand, nine to two, thousand and twenty, and then over this particular period during the covid. We're seeing that as well and there's no indication to me that there's GonNa be any change anytime soon that people going to suddenly rotate into value in a big way the let me tell you something that I found interesting today because the headline for today was about people rotating into value and into industrials. Now I discount that to a certain degree because we've seen this narrative of over again, part of that has to do with rebalancing. I think we talked about this on Friday that. If, you run up and on a certain sector, the growth sector. Then your portfolio is not naturally than therefore high growth until you have to rebound report, boil just to get back to the sector level of amounts that you really Wanna get. But that doesn't mean that suddenly value is going to. Go up but it does mean that there there might be to the degree that the economy does well some some big batch remember I was talking about Apple and facebook at forty times thirty, five, forty times earnings I'm looking at J. P. Morgan Chase right now they're trading at twelve and a half times earnings I'm looking at Goldman, they're trading at fifteen times earnings City Group. Seven. Times earnings. Okay. So this is what we're seeing in the financial sector..

J. P. Morgan Chase facebook Goldman City Group Apple
"j p morgan chase" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:11 min | 5 months ago

"j p morgan chase" Discussed on Bloomberg Radio New York

"J. P. Morgan Chase, Citigroup and Bank of America pushed financials into the red crude oil advanced today while the dollar was little changed your closing numbers s and P 500 Index up 17 of 34 01 up 5/10 of 1%. I doubt little changed up two points, giving up earlier gains. NASDAQ Up 133 points up by 1.2% Tender down to 30 seconds with a yield of 300.67% golden 1950 for the ounce and West Texas Intermediate crewed up 3% 38 39 a barrel after earnings FedEx shares they are now searching 9% after ours, Adobe after ours. Up now by 2.5% Recapping stocks higher as stumpy up 17 up 5/10 of 1%. I'm Charlie Pellet. That's a Bloomberg business Flash. All right, Charlie. Thank you so much for here with John Mackey, CEO and co founder of Whole Foods Market. He's got a new book out. It's called conscious Leadership, elevate elevating humanity through business. And he's with us on the phone from Austin, Texas. I want to ask you, John. I mean, here we are a few years in, you know, with Amazon Has it going? What? What has worked really well for you. It's going very well. Ah, A big merger between companies is a little bit like a marriage like that metaphor on DH. I mean, I've been married for 30 years and I What my wife and I love. You know, maybe 99% of everything about her and 1% on not to find out and I think a merger similar. I mean, Amazon has a different culture than whole foods. We overlap in some areas. And we love most things about Amazon, and they probably like most things about whole foods, but not everything. And what worked really well is Amazon thinks long term and they're enabling whole foods market to think long term. We've had three major price reductions were beginning 1/4. They're making investments in technology for whole foods that I think will be transformative. Although I'm sorry I can't talk about those and they've been respectful of our culture. They haven't tried to just turn us into Amazon. So If if I had the best way to answer that question is John, If you could do it all over again, would you make the same decision And the answer is yes. We make famous decision. It was the right decision for us. I have to tell you a listener is writing in and said, Could you just to ask John Mackey, could they please please please open a whole foods in the Hamptons? In the Hamptons. We've We've received a lot of requests for that. It's a very seasonal sort of market out there, and we'll get there. Eventually. There's the question answer. Well, what they want to ask you. I think our team was was curious about is you guys hopefully, I spent a couple I spent. I did kind of a deep dive into your company a few years ago and with Walter Robb I was co CEO at the time. I spent time with a forager. Just how you guys work with companies support companies to help them build out either production, you know, so that they can. You know, once you find an item that you want in your stores, you guys have such a value system, you know, and you really stick to selling just certain types of things. And to be fair. If you go on Amazon, you could buy just about Anything it feels like and that they'll sell just about anything to anyone. You know. How have those values clashed? If at all you know, And how do you kind of get your head around that I don't think those values have clashed. But I think you're right. Healthy Urges were vory reverse stakeholder oriented. We care deeply about our suppliers. We partner with them, and we are proud of the fact that we work with lots of small producers. And help them get distribution and a lot of them grow with us over time, and they start out with one store and then one region and in multiple regions and then across the whole country and And then maybe they sell their company or take it public. I mean, a great example recently was vital farms eggs. Whole foods was the first customer vital forms ever had, and we made it hold over time at a $10 million investment in their company as well, and they just did a NY PO in there. And their market capitalization $1.4 billion right now. So that's a great example of working with a small supplier and helping them expand across the country, and eventually they become very, very successful company in their own right. Proud. We pride ourselves on that. There's really dozens and dozens and dozens of more examples like that. And Amazon. It's a different business when all this is doing there, there. The retailer. They're the everything stores. You say I if I want something, I generally just go to my iPhone or an iPad or my computer. And I just call up Amazon. I order it. On dit comes shows up, usually within 24 hours. That's an amazing thing Amazon does. It's changed. Most people's lives certainly has changed my life and that's very different than when old food is doing. But whole foods is, you know, Amazon wants to be a bigger force in grocery. And Whole foods is key to helping them do that, So I think that's why they ultimately wanted requires. So, John, you know you're very thoughtful in your books, and this recent one is no example. I mean, I do wonder what's ahead for you. There's been a lot of speculation that you know you could go on and keep writing books and you Executed this great as you say, new marriage between these two companies. And I'm only going to give you about 90 seconds into this question, But what's next it? Do you foresee that that maybe hand over the rain soon? You know, I like to think I read recently. Warren Buffett. I read that Warren Buffett. Teasing. He's his 90% of Warren Buffett's wealth has been generated after the age of 65. I would like to think that 90% of my contribution in the world will be generated after I'm 65. That's my that's my goal. So I don't have any plans on leaving anytime soon from all foods, but Hey, you know I'm getting older. We all we all have to pass from the scene eventually, and I'm there many other things. I'm a very much ado, er. I have many projects in life. I want to work on. I want to travel. I want to hike and spend more time with my wife. I want to spend more time with friends. Right now. I'm having the time of my life in this whole foods adventure, So I'm gonna keep doing that. And until it's my inner heart, my voice says, Hey, John. It's time to move on. And that's not that will come someday. But it's not today. All right? Well, we appreciate the time. Congratulations on the book. You're always so thoughtful on DH. That really shows up in all of your work. Where the year In one of your stores or reading your books or listening to you talk. So we really appreciate the time. Yeah, glad their companies like you know, Whole foods out there in terms of standards. I think you know, we started off the show with a Kia and their CEO. Head.

Amazon John Mackey CEO Warren Buffett Charlie Pellet Bloomberg Austin Texas FedEx Adobe West Texas Intermediate Citigroup J. P. Morgan Chase NY Bank of America Walter Robb partner
JPMorgan requiring that traders return to the office by Sept. 21

KYW 24 Hour News

00:13 sec | 6 months ago

JPMorgan requiring that traders return to the office by Sept. 21

"The days of work from home are nearly over at J. P. Morgan Chase. Bank is ordering most sales and trading staff back to the office by September 21st the strongest move yet by a U. S Bank to re staff. It's workplaces

J. P. Morgan Chase U. S Bank
"j p morgan chase" Discussed on Women belong in the House

Women belong in the House

03:27 min | 6 months ago

"j p morgan chase" Discussed on Women belong in the House

"But. I <Speech_Female> think you know <Speech_Female> part of it is covered <Speech_Female> is changing. <Speech_Female> This is <Speech_Female> an important point for your listeners <Speech_Male> were such. An engaged <Speech_Female> group new <Speech_Female> covered is changing <Speech_Female> some of the moments <Speech_Female> and some <Speech_Female> of the opportunities <SpeakerChange> <Speech_Female> that we have to interact. <Speech_Female> <Speech_Female> So it's <Speech_Female> important for people not <Speech_Female> to lose that habit <Speech_Female> a civic <Speech_Female> engagement. <Speech_Female> And we're <Speech_Female> down for <Speech_Female> defeated and I believe <Speech_Female> we will elect a different <Speech_Female> president. <Speech_Female> We can't <Speech_Female> lose our activism <Speech_Female> <SpeakerChange> <hes> <Speech_Female> your. <Speech_Female> Job I grew <Speech_Female> up. <Speech_Female> He was my age <Speech_Music_Female> in an era <Speech_Music_Female> where healthcare health <Silence> insurance work differently. <Speech_Music_Female> Where <Speech_Female> healthcare was a <Silence> different fraction of the budget <Speech_Female> <Speech_Female> and so of course, he <Speech_Female> has different experiences <Speech_Female> and I had this <Speech_Female> conversation with my dad <Speech_Female> and he said <Speech_Male> I don't know Catherine <Speech_Female> fully <Speech_Female> I. Don't know Catherine <Speech_Female> <SpeakerChange> you <Speech_Female> know where your <Speech_Female> sister got sick <Speech_Male> and had appendicitis <Speech_Female> blue <Speech_Male> cross pave everything <Speech_Female> that seemed like <Speech_Female> a pretty good deal to me <Speech_Female> and I said <Speech_Female> Your Dad, that's how <Speech_Female> it used to work <Speech_Female> in the nineteen eighty <Speech_Female> s but <Silence> today. <Speech_Female> <Speech_Female> There would be a very different <Speech_Female> experience of dealing <Speech_Female> with that insurance <Speech_Female> claim, and so <Speech_Female> I think <Speech_Female> we have to really <Speech_Female> figure out how are <Speech_Female> we going to create and sustain <Speech_Male> <Speech_Female> institutions <Speech_Female> that push <Speech_Female> the Bein administration <Speech_Female> and <Speech_Female> they I <Speech_Female> think are very open to <Speech_Female> that. I think they want <Speech_Female> a not as <Speech_Female> such a big <Speech_Male> change <SpeakerChange> from <Speech_Female> the trump administration. <Speech_Female> You've been <Speech_Female> famous committee <Speech_Female> for pulling <Speech_Female> out the whiteboard <Speech_Female> getting the lesson going <Speech_Female> really <Speech_Female> hammering in <Speech_Female> on on the people <Speech_Female> who are coming before your committee <Speech_Male> and questioning on them. <Speech_Female> Who would <Speech_Male> your dream be <Speech_Female> to pull in front <Speech_Female> of your your committee <Speech_Female> desk <SpeakerChange> with your Whiteboard <Speech_Female> oh I <Speech_Female> would love to <Speech_Female> have a cracker betsy <Speech_Female> devos. <Speech_Female> On the oversight <Speech_Female> committee <Speech_Female> I think particularly <Speech_Female> just as a single mom <Speech_Female> of three school aged <Speech_Male> children <Speech_Female> my not <Speech_Female> just my political <Speech_Female> <Speech_Female> work but <Speech_Female> my whole life <Speech_Female> really wouldn't <Speech_Female> be possible <Speech_Female> <hes> <SpeakerChange> without <Speech_Female> public schools without <Speech_Female> knowing that my <Speech_Female> kids are safe <Speech_Female> or learning. <Speech_Female> <Speech_Female> depends. So heavily <Speech_Female> on that and I <Speech_Female> trust <Speech_Female> album. So proud <Speech_Female> of our public school <Speech_Female> system <hes> <Speech_Female> and so the chance <Speech_Female> to question her. <Speech_Female> would <Speech_Female> be really important <Speech_Female> for me. <Speech_Female> I. Think. There's also <Speech_Female> the need to really <Speech_Female> ask some important <Speech_Male> questions to continue <Speech_Female> to us big important <Speech_Female> questions <Speech_Female> about how <Speech_Male> to strengthen our capitalist <Speech_Male> economy and I think <Speech_Male> one of the things I'm <Speech_Female> a big believer <Speech_Female> in capitalism <Speech_Female> but I think <Speech_Male> you have to <Speech_Female> understand it <Speech_Female> requires guardrails. <Speech_Female> So there are <Speech_Female> promises <Speech_Female> baked into <Speech_Female> capitalism. For <Speech_Female> example, consumers <Speech_Female> have access <Speech_Female> to information. Yeah. <Speech_Female> We live in an economy <Speech_Female> where <Speech_Female> the information <Speech_Female> that we receive <Speech_Female> when we type in something <Speech_Female> into a search bar <Speech_Female> <SpeakerChange> is. <Speech_Female> Controlled <Speech_Female> Information <Speech_Female> Consumers have <Speech_Female> the ability to shop <Speech_Female> amongst competitors <Speech_Female> and yet <Speech_Female> we have some industries <Speech_Female> were. There's very little <Speech_Female> competition. <Speech_Female> Most people don't get <Speech_Female> to choose their health insurer <Speech_Female> their employer <Speech_Female> chooses <Speech_Female> right and so I think <Speech_Female> it's important to say <Speech_Female> things <Speech_Female> like super protection <Speech_Female> things <Speech_Female> like antitrust enforcement <Speech_Female> things <Speech_Female> like securities <Speech_Female> laws <Speech_Female> to protect investors <Speech_Female> in <Speech_Female> retirees. <Speech_Female> These are <Speech_Female> all important guardrails <Speech_Female> of capitalism <Speech_Female> and <Speech_Female> I really <Speech_Female> relish opportunities <Speech_Female> to push <Speech_Female> those who are seen <Speech_Female> as our <Speech_Female> economies leaders <Speech_Female> whether it's someone <Speech_Female> like J. P. Morgan Chase <Speech_Female> Bank CEO <Speech_Female> Jamie. <Speech_Female> Or someone like <Speech_Female> the Federal Reserve Steve <Speech_Female> Mnuchin we need <Speech_Female> our business community <Speech_Female> to be <Speech_Female> questioning how <Speech_Male> to build a more stable <Speech_Male> economy <Speech_Female> for all of

Catherine Federal Reserve president J. P. Morgan Chase CEO
"j p morgan chase" Discussed on KNST AM 790

KNST AM 790

02:53 min | 7 months ago

"j p morgan chase" Discussed on KNST AM 790

"You know it's the damage it's doing to the 22% population that it's clearly affecting. And but We get a vaccine. We are We sure that we've tested it thoroughly enough. And how does it How will that have the long term effect on the other 98%? And so you know, a secure worsen the disease and that it's funny because people are now talking about that. And so again, the great thing is is we're able to have these discussions rationally and so we can figure out the best way to To deal with this and hopefully, you know, with with so much the whole world is is working on every country is working on a vaccine. All the you know you've got Japan you got China Europe. You got the U. S. Russia. Everyone's kind of racing to this cure, and, ah It'll be. Ah, it'll be very interesting to see how it all turns out later this year. Well, the one thing that you know if you are sitting back listening to this and waiting, it's like I I think rates are going to go lower. I think rates are gonna go lower. Just be aware that there is some Some tightening. That's been going on for quite some time that we announced well over a month ago. Um actually several months ago that chase it was no longer doing loans for anybody with a credit score lower than 700 So J. P. Morgan Chase re boarded on that their loan loss provision surged fivefold, um to over $8.2 billion in the first quarter. So they're kind of setting aside money thinking that they may have tto. You have some loans that comeback and foreclosure and, ah And again they lend nationally in markets that are extremely over overheated prices. Unlike two son, I'm so don't think you know that this is all coming to Tucson. I don't have any inkling that it is. But Basically, they halted Anything for commercial or industrial, which you know, I don't blame him there because I think commercial real estate with all the businesses that folded in the restaurant's going out of business and mall stores and everything. I think there's going to be a glutton. Of commercial real estate for decade, probably depending upon you know, if there's other businesses that come in to take, you know, take its place is a swell evolve. I mean, it always does. But the brick and mortar part is what's been changing in our society. For at least you know the last 10 years a little bit more, actually. With with everybody. You don't need brick and mortar so that we'll see about But we'll talk a little bit more about this after the break about what this could mean and if it's getting tighter, why you should get in and get refined now because loan programs we're going away every every week. It seems like there's another kind of loan that they're not going to be doing any longer. We can talk about that after the break..

J. P. Morgan Chase China Europe Russia Tucson Japan
"j p morgan chase" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:36 min | 8 months ago

"j p morgan chase" Discussed on KNX 1070 NEWSRADIO

"The study found that mice given the two immunity boosting drugs lived 150% longer than mice who did not receive the treatment. Researchers say the treatment also seems to help prevent the recurrence of such cancers. 12 20 on KO next went out with the final hour of the trading day on Wall Street. Let's get a check on your money. Who's Frank Mo Tech. It's been another wild ride mostly higher, though today on some comments from Fed governor label Brainerd, who said the feds should use large scale asset purchases for a sustained period to help the economy rebound amid AH, a thick fog of uncertainty brought on by the Corona virus. Raynard also warned the U. S economic recovery likely will face headwinds for sometime this soil of speaking during a event hosted by the National Association for Business Economics, according to a market watch investors also going through the earnings reports that we're getting for the big banks, including J. P. Morgan Chase, the biggest seeing earnings fall sharply, even though they topped expectations and Wells Fargo sides shares move lower after reporting a deeper than expected loss, in fact, the worst quarterly loss since the financial crisis. Citigroup shares also coming under pressure today, even as its earnings topped analyst expectations right now, the Dow is higher by 405 points, the S and P 519 the NASDAQ bouncing around right now under pressure down eight points. We checked the money of 20 and 50 each hour. Frank Biotech from the age from his capital Money desk annex and 70 news right here. Well, well, look who's rejoined the Clippers in Orlando. I will tell you who in just about 90 seconds. Stay with this is 12 21 social.

Frank Mo Tech Frank Biotech Wells Fargo Clippers Citigroup Fed Raynard National Association for Busin J. P. Morgan Chase Brainerd analyst Orlando U. S
Wells Fargo plans $10 billion in cuts, posts first quarterly loss since 2008

KCBS Radio Midday News

00:33 sec | 8 months ago

Wells Fargo plans $10 billion in cuts, posts first quarterly loss since 2008

"Of big bank earnings reports were his dire is investors had feared, except maybe for Wells Fargo's JP Morgan Chase saw a smaller drop in profits last quarter, a little more than half and set aside 10.5 $1,000,000,000 to couple potential bad loans. Citigroup saw large drop in profits to and set aside billions. But Wells Fargo Posted its first quarterly loss since 2008. Because of those set asides and its slash dividends it shares are falling more than 5.5%. The bank CEO says cost cutting is coming. The bank will eventually cut $10 billion on Wall

Wells Fargo Jp Morgan Chase Citigroup CEO
Banks Under Fire for Alleged Unequal Lending Practices

Business Wars Daily

03:17 min | 8 months ago

Banks Under Fire for Alleged Unequal Lending Practices

"The practice of red lining were denying financial and other services to people based on race, was outlawed in nineteen, sixty eight, but last week several Chicago Chase Bank branches closed temporarily as protesters call for racial equity and lending from the nation's largest bank and expose published in early June by nonprofit newsroom city bureau and WBZ radio found that off the seven and a half billion dollars in Chicago home. Purchase loans approved since two thousand, twelve, less than two percent was loaned in black majority neighborhoods. The bank is also the subject of a Federal Class Action Lawsuit. That suit alleges that chase shutout. Business. Borrowers from the paycheck protection, program or PCP. Stacey Hawkins Armstrong's the founder of shop. poppin gourmet. Popcorn in Westchester. She told news station ABC seven Chicago the. She tried to file her PP loan application with chase. On the first day. They were accepted, but she got nothing but error messages desperate to keep her doors open and her four employees on payroll. She ultimately secured a smaller loan through a different bank. She believes that chase prioritized. It's favored customers and left small businesses like hers in. In the cold, She's not alone the US. House of Representatives is launching probes into how several banks including J. P.. Morgan Chase Bank of America and Citigroup made P P P loans according to the Orange County Register. Critics allege that big banks service business customers and Shutout underserved borrowers from the funding pool. redlining continues in subtle ways today, including in how P P P loans. Loans were distributed according to Everett. Sand CEO of small business lender lend Distri in a report in fortune as business wars daily reported earlier this month. The Small Business Administration gave no guidance to lenders to prioritize underserved communities about ninety percent of black owned businesses have no employees ease sands, says P, P P rules. Regarding sole proprietors came out last that let these entrepreneurs unclear about. About which loans were available to them? The SBA hasn't released the demographics of WHO received PPP loans, but a survey report by color of change and UNIDOs US is revealing more than half of black and Latin next small business owners who sought assistance requested less than twenty thousand dollars in funding only about one in ten received the funding. They ask for according to the report. One united the nation's largest blackout bank has been working to help black owned businesses get better access to loans in the second round of stimulus funding, federal government allowed thirty billion dollars to smaller and minority owned banks such as community development, financial institutions were CDFI's one united secured some of that funding with that on April. Twenty nine, the bank launched its own P. Program. The bank committed to lending to black owned businesses and self-employed people. It's I. P P Loan, went to an uber driver. Time will tell who was more effective in getting money to black owned businesses, but the stakes couldn't be higher. A recent report by the Brookings Institution Warns Covid. Nineteen could wipe out a decade of economic gains by black owned businesses as Congress debates whether create another stimulus round. The future of many black owned businesses hangs in the balance.

Stacey Hawkins Armstrong Chicago Chase Bank Small Business Administration Morgan Chase Bank Of America Chicago Brookings Institution J. P House Of Representatives Cdfi Orange County Westchester ABC Everett Congress CEO Founder Citigroup Distri
"j p morgan chase" Discussed on BiggerPockets Money Podcast

BiggerPockets Money Podcast

18:13 min | 11 months ago

"j p morgan chase" Discussed on BiggerPockets Money Podcast

"Yourself in a position where you're beginning to become delinquent or Fall behind on your bills, but that is a last resort and there are other problems. If you're looking into that. Yeah, so just to kind of give maybe some listeners perspective into kind of how I think about it as an investor, right I've got several properties right and some of them you know I'm only four or five years into the loan term of one of those one of those properties right this the my duplex I purchased back in two thousand fourteen, but because of appreciation I've probably got fifty percent equity, fifty percent, dead versus asset value of that property, and that's that's luck. Appreciation a little bit I did that a little bit of value to it, but my question for myself that I'm asking here is should I pull some cash out and get back up to seventy five percent lt or eighty percents LTV pull out fifty to one hundred thousand dollars and sit on that as an opportunity fund invested elsewhere. That's a decision I have to make normal times right because it's all about this concept. I'm getting a little mathematically. Too deep here, but there's a concept called return on equity, and as I, ID leverage I get less of a leverage, multiplier and appreciation long-term against properties and the way I. Look at it as hey I feel like a stable cash flow right now, but I could potentially boost my long term return on equity buyer cash out refinancing, and still have a fairly low financing costs allows me to cash flow, and those types of things that I'm thinking about as an investor personally now let me ask you this, Seth, what's the market look like from? A refinancing perspective just described I have to go shopping around a lot. Is it going to be difficult for me to go and find a mortgage broker our rates? What's happening with mortgage rates? And how do I make sure that I get the best financing I possibly can. That's my goal. So the bottom line right now is that it's very cheap for lenders to borrow money. And I don't want to get too deep into that, but. With that being said lenders right now, and there's a full spectrum I mean there's news about what happened with J. P. Morgan Chase and how much they tightened up their guidelines for money. Mortgages Minimum Credit Score of seven hundred minimum down payment of twenty percent..

Seth J. P. Morgan Chase
"j p morgan chase" Discussed on Software Engineering Daily

Software Engineering Daily

01:35 min | 1 year ago

"j p morgan chase" Discussed on Software Engineering Daily

"Aws cloud for most of our things and we use all the modern tools that are available to us to actually bring this technology or convert this into a product analytics is an embedded business intelligence tool it allows you to make dashboards and reports embedded in your applications create deploy and constantly improve your analytic applications that engage users and drive revenue. You focus on building the best applications for users while. Lachey gets you there faster and keep you competitive. Logic analytics is used by over eighteen hundred teams including VERIZON CISCO CISCO GO daddy and J. P. Morgan Chase check it out by going to L. O. G. I. Analytics Dot Com Slash Data Science. That's low coachee. Analytics Dot com slash data science logic can be used to maintain your brand while keeping a consistent familiar and branded user is our interface so that your users don't feel like they're out of place. It's an embedded analytics tool. You can extend your application with advanced. Api is you can create custom experiences for all your users and you can deliver a platform. That's tailored to meet specific customer needs and you do all that with Logi analytics Loggia analytics dot com slash data science to find out more and thank you to Loggia analytics..

Lachey J. P. Morgan Chase CISCO VERIZON L. O. G.
"j p morgan chase" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

01:58 min | 1 year ago

"j p morgan chase" Discussed on Heartland Newsfeed Radio Network

"That's eight five five four five zero three seven three three. We're talking about forged gold bars the meaning the stamps on those bars apparently was for forged but the goal that self was real happened to be accidentally detected in vaults of j. P. morgan chase and this is kind of new information to me. I i guess it makes sense that the system would have a system for tracking these things and sir. They don't like gold that is untracked. They don't like gold that hasn't hada unknown chain of custody where they can hop back and see who <hes> the previous owners were. They like anything to exist without their greasy little fingers all over amount. You know it's funny. How the amount of effort it goes into preventing money laundering in spite of the fact so much money laundering continues to go on in spite of all effort. That's putting stopping me. I just wanna try shipping a watch overseas. Most countries will prevent you from importing watches really yes simply because some watches they it can be expensive and everything else and so all watches are bad. Wow coins are banned. Things have there are small high dollar value or frequently band is this for individuals can accompany get a bunch of watches shifting because obviously somebody selling watches probably at retail in that question i this is politically knishes. This is like customs customs rules so i don't know i think you wouldn't be able to do it via d._h._l. Or u._p._s. or fedex or any of the carriers <hes> but certainly if you check out the website bill they different countries will list what is a permitted to what is not permitted and so most of your countries will list things. That are not one of the things ah you know. Most of your countries will list is things like watches and things like that well. Whether you wanna talk about <hes> so-called forgeries or whatever's on your mind you can take control of.

j. P. morgan chase
"j p morgan chase" Discussed on getWITit | Women in Technology

getWITit | Women in Technology

09:30 min | 1 year ago

"j p morgan chase" Discussed on getWITit | Women in Technology

"Hi there. Welcome Tracy Heavily Chattanooga's from J. P. Morgan Chase. Thank you for joining us on get with Podcast we're live actually at becomes woman at early get witted out thirty annual conference for women attack here in Columbus. This is our third year in Columbus. Ohio We just got off the stage R. J. P. Morgan Chase Cio. Miss Lori Beer. She had a lot of really great stuff to be Morgan. Chase is has been with us since the beginning in twenty ninety sixteen and they are extremely passionate about women in technology so so Chuck Tracy thank you so much for joining us. What what did you tell us? I don't know whoever wants to start off why. GB Morgan Jesus so passionate about women in technology never had so we're passionate about diversity period Women in technology is it. You look at the numbers and over the years there. We're have been a declining number of women coming out of school. What's offer engineering degrees? And we're trying to change that we're trying to show that women in do have a seat at the table. They are just as smart smarter in many many many cases than you know than the traditional old school guard yard of the guy and technology and the guys creating everything and I think it really. It really get driven home. I'm to me. When we hosted a conference at at our site for women in technology and we showed the movie code debugging the Gender Gap and there was is one moment in that movie that like it was that everyone has that spark moment that moment for me was when they were talking about airbags and how the first airbags airbags were killing people and they were killing people because the quality engineers were bunch of guys so they modeled the test dummies after themselves and women and children were dying in these? So it shows the impact of having diversity in the room room for whatever product you're making and at J. P. Morgan Chase. We are a technology company. People don't think that way people think of us as a bank or somewhere you've got your credit card or you're checking through but we're a technology company was sixty thousand technologists. We need to have women at the table. trixie I would. I would very much echo a lot of what chuck just said from a diversity perspective what women bring to the table just with. They're they're different ideas in their perspective and the value that they that they add from that side of the house In addition to that and you know dove tailing off of the Movie Bat we ship we screened Deep debugging the gender gap. It was I opening in the fact that the number of women that start out in technology and don't follow through as well that that any don't follow through that there was a technology. They're going through college. They're going through their classes and they're surrounded surrounded by men and still today and one of the women that was speaking to that was one of our former interns are tapping lists that was on the panel and she was saying how difficult it was to walk in the room every single day during their labs during class and you know basically made fun of or. You're not good enough into counseling. Only face that in addition to handling your coursework and keeping that focus to complete your journey so so as an employee of Jiechi marches. How how do you guys make women feel like I mean one thing is having more around right like recruiting and retaining? What are the practices? Do you think that chase of digging Morgan. It follows to try to set that right to ensure that women feel that way and supported. I think to just just having the conversation around it and being open with their conversation Shen and are thought we have much more of a focus on that over. The last few years Our diversity and inclusion our business resource grips that we have within the organization that allow that to you. Know to bring women's voice to the table and to put it up front and center another everything and this is just women in tech. This is how J. P. Morgan Chase as a company Thinks about their employees. In general we are one of the few companies out there that have onsite daycare premises and its backup daycare but for new mothers and mothers returning to work. You get a period of time where it's free so think about if you're a new mom who's had her first child and you've got at this great career going and you're like I'm going to be missing my child every single day you can bring your child to work at the daycare. Go I see them any time. Care for them feed them. It makes it a little bit easier to come back to work as a mother. So when you're talking about retention in technology rate that that's an important thing in the company focuses on someone. I think I may have heard that you guys also offer paternity leave and while some people people may not consider that directly linked to a benefit to women attack it just goes to show how mortgage eight values Women in that were saying. Yes as a company. Please go help your wife take care. Help guessing together. It's not the old way any more. We understand that an equal responsibility in neighbouring meant to be able to do that. You're showing that the company in general like it's okay day for the men to go and help also because if we look at change and general You know do. We want women to become more accessible. If they're handling all moms stuff right like you're gonNa make him comfortable and able to take back on their their career like right after you know whatever they're ready for but then you also have to say to you on the converse side that men are also able to go support their wives to. I think that's that's really unique and again it's creating that environment where everybody's voice is important and where you get to bring your whole self to work. Whatever that is fantastic? So what are you so you in general. Why don't you talk a little bit about what you do at J. P. Morgan Chase or well I am the are recruiting sightly for Columbus hub? Okay J. P. Morgan Chase has has eight strategic hubs or technology centers of excellence in the United States That an technology means that you have at least a thousand technologists in in one location. Pay Soul I in the CLEM sightly for our technology recruiting group and then in addition to overseeing recruiting at a higher level also responsible for diversity city pipeline and strategy and working with our tech leadership team tested. So I lead our North America up strategy for the recruiting and and what Tracy failed to tell you is that Columbus is one of our largest hubs in the world with over five thousand technologists just at J. P. Morgan Chase. Wow yeah that's a lot. It's a lot of responsibility and when you think about you know again the the impact that we can have in our local community By helping women in technology giving them those opportunities. It's really a great responsibility that she has input Lynch now. So if you like just in a journal day day in the life of recruiting You know you're out shaking. Bagan begin talking to people she can she bake. That's what you do you. What do you find the hardest thing to approach approach with women and technology like what what is the biggest challenge is it finding access to women? Is it when they had the conversation kind of driving it forward order. They already having a job somewhere else. Or what is what is what are common conditions that you see when you're trying to engage women too. I don't think it's necessarily a woman thing. I think it gets a technology across the board. Because we're all in the same mission to find good technologists and the numbers of decreasing so the numbers. That are coming out out of college that are coming out of school From a female perspective that population is obviously smaller. So you know targeting that population and having those conversations because most most of the women that we are talking to aren't looking for a new position okay at selling your organization and building those relationships and having the conversation. So what is the toughest technology role to recruit for. Is it new stuff old stuff like what what what kind of role is like the hardest to try to. I'm the people for. That's a great question and I wouldn't say there's a single answer to it but I as much. That's as I hate to say this. Just Software Engineers Java C.. Sharp software engineers. Are there still such a a demand. And and there's an increasing demand right J. P. Morgan Chase really understood..

J. P. Morgan Chase Morgan Jesus Chuck Tracy R. J. P. Morgan Chase Cio Columbus Lori Beer Chattanooga Ohio CLEM sightly Shen North America United States Lynch
"j p morgan chase" Discussed on News Radio 690 KTSM

News Radio 690 KTSM

03:44 min | 1 year ago

"j p morgan chase" Discussed on News Radio 690 KTSM

"By. This us the watchdog on Wall Street. I don't go on the Twitter. I don't I don't go on Twitter. I don't follow people on the Twitter. My Facebook page is attached to the Twitter. And I guess I have a ton of followers there. And I really whenever I post something on our Facebook fan page. It goes up on the Twitter for some reason. I have no idea what my Twitter password is was set up by somebody else. I really I don't even get on the thing for crying out loud. But neither here nor there. I guess there's a whole world out there. Where people like to say all sorts of nasty things throw barbs at one another. You know what? She's going to steer clear that so anyway, this story was brought to my attention last week actually got several emails on this. And again because it was J P Morgan Chase J P Morgan Chase. I guess has a hashtag thing of jig. They do hashtag Monday motivation, Monday motivation, and they put out a hashtag Monday motivation tweet that read as follows. You why is my balance so low? Your Bank account answers make coffee at home. Bank account. Eat the food. That's already in the fridge. Thank you. You don't need a cab. It's only three blocks you, I guess, we'll never know. Thank you. Seriously. Hashtag Monday, votive ation. Oh, my Lord merciful. Did the left wing loons come out of the woodwork and decide to go after J P Morgan Chase? How dare how dare they actually tell people to be responsible and to save money. And the put money away. How dare they again? I followed up on some of this and the people claiming that oh my God. Poverty is not anyone's individual thought. It's all structure. I mean, the Bs that's coming out. Visit I come down hard on J P Morgan Chase and all the big banks all the time. But suggesting that people might want to put more money away that might want to save a little bit more money is somehow bad again, you get the people out there talking about bailouts, first and foremost, which is a good point. But J P Morgan Chase didn't to bail out. They need a dime. J P Morgan Chase for the ones that wrote in and save Bear Stearns in the end, they prevented a complete collapse. They bought all Bear Stearns for two bucks chair. So no, no they were. Let's just put it this way. They didn't need a bailout back at that point in time. Our just because this because you don't like the messenger. Doesn't mean that their message is wrong. We often times here on this program. If countless examples people call.

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"j p morgan chase" Discussed on KUGN 590 AM

KUGN 590 AM

03:19 min | 1 year ago

"j p morgan chase" Discussed on KUGN 590 AM

"On Twitter. I don't follow people on the Twitter. My Facebook page is attached to the Twitter. And I I guess I have a ton of followers there. And I really whenever I post something on our Facebook fan page. It goes up on the Twitter for some reason. I have no idea what my Twitter password is was set up by somebody else. I really I don't think I'd get onto thing for crying out loud. But neither here nor there. I guess there's a whole world out there. Where people like to say all sorts of nasty things and throw barbs at one another. You know, what to avoid that? Steer clear that. So anyway, this story was brought to my attention last week actually got several emails on this and again because J P Morgan Chase J P Morgan Chase. I guess has a hashtag thing of jig. They do hashtag Monday motivation, Monday motivation, and they put out a hashtag Monday motivation tweet that read as follows you. Why is my balance so low? Your Bank account answers make coffee at home. Bank account. Eat the food. That's already in the fridge. Thank you can't you don't need a cab. It's only three blocks you, I guess, we'll never know. Bank account seriously. Hashtag Monday, votive -ation. Oh, my Lord merciful. The left wing loons come out of the woodwork and decide to go after J P Morgan Chase. How dare how dare they actually tell people to be responsible and to save money. And put money away. How dare they? And again, I followed up on some of this and the people claiming that oh my God. Poverty is not anyone's individual thought. It's all structure. I mean the s that's coming out. Visit I come down hard on J P Morgan Chase and all the big banks all time. But suggesting that people want to put more money away that might want to save a little bit more money is somehow ban. Again, you get the the people out there talking about bailouts, first and foremost, which is a good point. But J P Morgan Chase didn't avail out. Hey need a dime. J P Morgan Chase for the ones that wrote in and save Bear Stearns in the end, they prevented a complete collapse. They bought all Bear Stearns for two bucks. Chair. So no, no they were. Just put it this way. They didn't need vailab back at that point. On our just because this because you don't like the messenger. Doesn't mean that their message is wrong. We often times here on this program. If countless examples people.

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"j p morgan chase" Discussed on Recode Media with Peter Kafka

Recode Media with Peter Kafka

02:30 min | 2 years ago

"j p morgan chase" Discussed on Recode Media with Peter Kafka

"Will hear breaks at fifteen thirty five and fifty with four commercials in each stop set that will ruin the space and the different to the people yelling at you. Yeah. Right over. Ravenously? This week come out to the car dealership, and that kind of thing, and that's not what podcasting should be in my mind, and I'm an advertiser. Okay. Did you know this going in? This is going to be a different thing. It should sound different where you selling radio ads or beginning. Not until after we got into the space and realized how that connection takes place between the audience. I mean, I had I read an an interview somewhere where somebody said I can't remember who it was. They said ear buds change everything. Because it's almost as if you have a narrator in your head. And that's what podcasting is it's that direct voice to you. That's entertaining. Funny, insightful, whatever it is super intimate super intimate and mobile. Okay. We used to say, well, what about video in that things? Not in Italy mobile. Okay. Podcasting. Is you can listen to it on the subway. You can listen to it while you're mowing the yard. You can listen to it while you're walking the baby or the dog or whatever. It's fantastic Bill. Simmons in early podcast guys a great story about being somewhere like this and some guy walking up to going. I'm listening to right now here, you are real blowing my mind, man. There's nothing more flattering than being voice recognized so much better than having your face recognized from TV. Agreed. I think I might do well on the voice recognition front at least. I'm hoping for that. Anyway. But I do want to draw a line actually as I thought more about your question on the average on the advertising. It's interesting today, you read axios newsletter, for example and their ads sprinkled right into the newsletter. This is brought to you by. I if I were to if I were to be doing a segment in my podcast that was very hard on the banking industry and J P Morgan. Chase wanted me to read an ad for J P Morgan Chase. I mean, I'd be fine with that. I think that's okay. It's different. If then J P Morgan Chase wants you to pay to make the content friendly to them. And that's where the line gets crossed. Right. Let me say that that what you just said. I'm fine. Supporting J P Morgan Chase from our client perspective, that's due diligence. We do with every host. We want them to understand the quality of the high quality of the product the benefits of it. And then to put it in their own vernacular. I don't want it to be here. Read this time. It says host now explains personal experience with product, right? And and I'll do that if it makes sense. But if I, but if I don't need that product or use that and also you can't do it right company. Wants me to advertise.

J P Morgan Chase J P Morgan Italy Simmons TV.
"j p morgan chase" Discussed on KHVH 830AM

KHVH 830AM

02:25 min | 2 years ago

"j p morgan chase" Discussed on KHVH 830AM

"Thirty thirty you know, buying and holding stock long term has probably created more wealth than any other endeavor. Owning a business you'll get ten people on on the Forbes four hundred list every single one of them their wealth came from owning a business, and we can do the same thing on a on on a smaller scale by owning shares of a company. So if you're looking for a long-term wealth generation stock is powerful, but that takes a long time. You know, you got to be holding for years and nothing wrong with that. But if you are looking to really impact your life in a real significant financial way one thing that I've learned and one thing that I've seen is you've got to learn how to generate multiple multiple avenues of income. And you know, have a job that's fine. But then what if you could also develop a skill set that allowed you to generate additional income in your life that you could then start adding to that wealth bucket that long term portfolio, and that's where other asset classes, two minutes station and. Thirty thirty only focus on one thing and have misconceptions about certain ways of investing. Whereas a new student as much more open to all of that. And so one thing I always encourage my students is is I'm like learn to invest both short-term and long-term they go together. And you don't have to be one or the other. And that's a new idea for some people because they've always been taught you should invest long-term. But pointed out that it was interesting. What are the professionals doing? What are the J P Morgan chases doing the Goldman Sachs doing, and then what are they telling their clients to do, you know, if you really look at that what they tell their clients to do you're in it for the long haul. But then you look at where they're generating their most revenue, and it's from a lot short-term trading. Yeah. Absolutely. There was a report it's a little out out of date now. And I haven't seen a new one. But it went from like two thousand eleven to two thousand and sixteen had this five year period where it showed J P Morgan Chase only had nine losing days in five years. And that's one of the things I used to ask, you know, friends and individ students how. How many of our clients? As know. Starts to show. There is a very big difference between you know, what what is being told is the best for us. And and what is the best for them? Right there ends up being a pretty big a pretty big disconnect and one of the ways where we can help a few people get started on really gaining gaining that knowledge you're getting closer to having the ability of driving that consistency inside of the market's really tapping into some of those amazing tools. You were just talking about is we still got a few tickets here. So what are you? What do you say? We do another quick little giveaway..

Goldman Sachs J P Morgan Forbes J P Morgan Chase two minutes five years five year
"j p morgan chase" Discussed on .NET Rocks!

.NET Rocks!

03:39 min | 2 years ago

"j p morgan chase" Discussed on .NET Rocks!

"And I buy your product because I've got a very high bar in terms of product quality. But you don't actually know that today, and you have no way to prove that today. But I can selectively disclose information to you. That you can ensure with their parties, and effectively you can give them a level of credit. Give him the basis to establish credit. So I been delivering cocoa to this particular chocolate manufacturer every season for the last five seasons, and that could allow them to get things from a local Bank. And then as you as you move down the line in history before in history, you're going to be able to have other people do like, peer lending and other things like that that will emerge as part of this. So the interesting thing is that in my head. I'm thinking yet sounds like digital technology. I mean, this is these are the kinds of scenarios that we wanted when we started building databases and putting things taking them off off books in putting them online. But you have essentially the the benefit hears that you've got a distributed immutable database right that that anyone can look at. And I think that's the the real thing that enables all this, isn't it? It is. And so one of the things that it's evolved over time. So if you think about like version one point zero was we could do simple transactions in two point. Oh, we had these contracts. The next thing that people realize maybe we don't need everybody know everything. And so there's certain levels of confidentiality. And so I maybe want to track things all the way through. But if say. Company a sales the company B cells, the company c and so- company be maybe making some money off of that company company c know that they were buying from company. A it could throw off the economics. They could sort of cut out. Yeah. Hard middleman things like that. So there's a number of cases where you may not want to share everything. And so you've seen the the ledger sort of evolve to add competent geology as well. And so like with theory EMMY bit the enterprise theorem alliance has just put out a spec of that you've had the chains like core which but what J P Morgan Chase and Korda high build your fabric all have approaches to layer confidentiality on top of the chains as well. So does that throw a monkey wrench in the whole? You know, we want to be able to inspect the the entire transaction. Log scenario, it it doesn't it doesn't. So you can add participants that are property to see whatever data that you want. So if you say like a government needs to be an observer, you know, people think about transactions they tend to think about the buyer and the seller, but you can also share that with the government into like things like auditing, which take a lot of time and money today. It's more of an event you could share that with the government at the appropriate level. And they could do audits whenever they wanted to and in anatomy. Fashion. And so things like that could go away the other thing that's important is that you can also think about these testable processes can also govern access rights. And so if you think about at the end of the day, you know, whether it's your electronic health record oil loyalty points or a skinny boughten view game fortnight or things like that the end of the these are all really just digital assets. And so if you think about a spark contract representing a business process that process could represent a license or could represent a digital good that can have a rights assigned to third parties. And so I have my medical record in really this puts people more control of their data, which people have been talking about forever. And so I can have the contract that represents my identity, and I can selectively share information with a third party or a doctor can request access to my medical information on my insurer candidate can selectively share information for like a constraint purpose, then even from a consumer scenario. Like, hey, Carl got the new movie the predator that came out today on DVD. I think you really like it..

EMMY Carl J P Morgan Chase
"j p morgan chase" Discussed on .NET Rocks!

.NET Rocks!

03:39 min | 2 years ago

"j p morgan chase" Discussed on .NET Rocks!

"And I buy your product because I've got a very high bar in terms of product quality. But you don't actually know that today, and you have no way to prove that today. But I can selectively disclose information to you. That you can ensure with their parties, and effectively you can give them a level of credit. Give him the basis to establish credit. So I been delivering cocoa to this particular chocolate manufacturer every season for the last five seasons, and that could allow them to get things from a local Bank. And then as you as you move down the line in history before in history, you're going to be able to have other people do like, peer lending and other things like that that will emerge as part of this. So the interesting thing is that in my head. I'm thinking yet sounds like digital technology. I mean, this is these are the kinds of scenarios that we wanted when we started building databases and putting things taking them off off books in putting them online. But you have essentially the the benefit hears that you've got a distributed immutable database right that that anyone can look at. And I think that's the the real thing that enables all this, isn't it? It is. And so one of the things that it's evolved over time. So if you think about like version one point zero was we could do simple transactions in two point. Oh, we had these contracts. The next thing that people realize maybe we don't need everybody know everything. And so there's certain levels of confidentiality. And so I maybe want to track things all the way through. But if say. Company a sales the company B cells, the company c and so- company be maybe making some money off of that company company c know that they were buying from company. A it could throw off the economics. They could sort of cut out. Yeah. Hard middleman things like that. So there's a number of cases where you may not want to share everything. And so you've seen the the ledger sort of evolve to add competent geology as well. And so like with theory EMMY bit the enterprise theorem alliance has just put out a spec of that you've had the chains like core which but what J P Morgan Chase and Korda high build your fabric all have approaches to layer confidentiality on top of the chains as well. So does that throw a monkey wrench in the whole? You know, we want to be able to inspect the the entire transaction. Log scenario, it it doesn't it doesn't. So you can add participants that are property to see whatever data that you want. So if you say like a government needs to be an observer, you know, people think about transactions they tend to think about the buyer and the seller, but you can also share that with the government into like things like auditing, which take a lot of time and money today. It's more of an event you could share that with the government at the appropriate level. And they could do audits whenever they wanted to and in anatomy. Fashion. And so things like that could go away the other thing that's important is that you can also think about these testable processes can also govern access rights. And so if you think about at the end of the day, you know, whether it's your electronic health record oil loyalty points or a skinny boughten view game fortnight or things like that the end of the these are all really just digital assets. And so if you think about a spark contract representing a business process that process could represent a license or could represent a digital good that can have a rights assigned to third parties. And so I have my medical record in really this puts people more control of their data, which people have been talking about forever. And so I can have the contract that represents my identity, and I can selectively share information with a third party or a doctor can request access to my medical information on my insurer candidate can selectively share information for like a constraint purpose, then even from a consumer scenario. Like, hey, Carl got the new movie the predator that came out today on DVD. I think you really like it..

EMMY Carl J P Morgan Chase