Bloomberg Surveillance Bloomberg Surveillance TV: May 15, 2025
5 snips
May 15, 2025 
Jamie Dimon, CEO and Chairman of JPMorgan Chase, shares his perspectives on trade wars and market volatility while analyzing the global economy's health. Jim Zelter, President at Apollo Global Management, offers insights into market trends and inflationary pressures amidst growing economic uncertainty. Together, they dissect the complexities of U.S.-China relations, the evolving landscape of banking and investment, and how these factors influence consumer confidence and overall economic sentiment.
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Dimon on Economic Uncertainty
- Jamie Dimon emphasizes that current economic uncertainty includes inflation and geopolitical tensions.
- He sees a roughly 50% recession chance but hopes it can be avoided.
Dimon on Fintech Competition
- Jamie Dimon highlights rising competition from fintech firms and non-bank entrants.
- He stresses continuous innovation and technology adoption to stay competitive in financial services.
Embrace Technology to Compete
- Dimon advises embracing and deploying technology, including AI, to serve customers better.
- Staying complacent risks failure as seen with companies like Nokia and BlackBerry.