Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. #CNN#News
JPMorgan Chase JPM–0.11%Chief Executive Officer Jamie Dimon said that the recent market jitters for banks make a recession more likely.
The episode is “another weight on the scale” leaning toward economic contraction, he said in an interview with CNN broadcast Thursday. “It won’t necessarily force a recession, but it is recessionary.”
Benzinga
Jamie Dimon Warns Of 'Another Weight On The Scale' After Banking Crisis: 'Don't Want This Domino Effect'
JPMorgan Chase CEO Jamie Dimon on Thursday said that the recent banking crisis in the U.S. puts "another weight on the scale" towards...
Owen Thomas, Chairman and CEO of BXP, on the outlook for real estate for the rest of the year and says challenges to the industry are tied the economy.
Transcript extracts:
Office and many forms of real estate are
1:13
economically sensitive. So I think in the premium end of the
1:16
market, what's impacting our leasing activity today is much more the economic
1:22
conditions and work from home. And the evidence of that that I would
1:26
give you is in 2022 last year, our company leased nearly 6 million square
1:31
feet of space, which is basically 95 percent of our long term averages.
1:37
And if you think about it, last year, you know, interest rates started to go
1:41
up and the economy was much more solid and there were a lot fewer people in the
The four criminal investigations into the former president, explained
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"Donald Trump is now the first former US President to face criminal charges. He pleaded not guilty to 34 counts of falsifying business records in the first degree.
This case involves hush money that Trump’s lawyer paid to an alleged former sexual partner. But it’s actually just one of four criminal investigations into the former president. The other three investigations focus on his behavior after the 2020 presidential election. 2 > A Georgia team is examining Trump’s efforts to persuade Georgia Secretary of State Brad Raffensperger to “find” more Trump votes after the votes had been counted and Raffensperger had declared Joe Biden the winner. 3 > Federal special prosecutor Jack Smith is heading up the other two investigations. One group is looking at the Trump team’s attempts to persuade officials in a handful of states where Biden won not to certify his victory, and instead to claim Trump won the state despite the vote counts. 4 > The other federal investigation is focused on classified documents that Trump brought with him from the White House to his Florida estate after losing the 2020 election. According to reports from the Washington Post and the New York Times, when the FBI searched his estate in August 2022, they found documents related to nuclear weapons, as well as files containing information that could put US informants in the field in danger.
As president, Trump didn’t just say outrageous things, he acted in unprecedented ways. Now that he’s out of office, investigators in a variety of jurisdictions are trying to figure out if he broke the law, too.Make sure you never miss behind the scenes content in the Vox Video newsletter, sign up here: http://vox.com/video-newsletter
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