CNBC's "Fast Money" JPMorgan CEO Jamie Dimon Weighs In… And Trump Sounds Off On Walmart 5/19/25
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May 19, 2025 Leslie Picker, a financial reporter, dives into Jamie Dimon’s concern over declining investment banking revenues amidst economic uncertainty. Julian Emanuel, a senior managing director at Evercore ISI, offers insights on market dynamics influenced by geopolitical risks. They discuss President Trump’s strong remarks on Walmart's price hikes due to tariffs and the broader implications for the retail sector. Together, they unravel the interconnectedness of stock market movements and economic challenges facing various industries.
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Dimon's Economic Caution
- Jamie Dimon warns investment banking revenues will drop amid economic uncertainty.
- He highlights very high geopolitical risks and persistent tariffs impacting markets.
Dimon's Stagflation Warning
- Dimon sees stagflation as likely, more so than markets expect.
- He advises caution on credit investments due to potential higher losses in recessions.
JPMorgan's Crypto Skepticism
- JPMorgan views blockchain and crypto cautiously, lacking enthusiasm.
- The firm plans only to custody Bitcoin, not allow client purchases currently.