Apr 6, 2020 - Economy & Business

Jamie Dimon: U.S. can become "a stronger country" from coronavirus crisis

Jamie Dimon. Photo: Kena Betancur/AFP via Getty Images

JP Morgan Chase Chairman and CEO Jamie Dimon said Monday in his annual letter to shareholders that the U.S. has "the resources to emerge from [the coronavirus] crisis as a stronger country."

The big picture: He added that while the New York bank will participate in government programs to address economic challenges set off by the effects of the virus, it will not ask for any regulatory relief in return.

What he's saying: "America is still the most prosperous nation the world has ever seen," Dimon said."After the crisis subsides (and it will), our country should thoroughly review all aspects of our preparedness and response."

  • "And we should use the opportunity to closely review the economic response and determine whether any additional regulatory changes are warranted to improve our financial and economic system. There will be a time and place for that — but not now."

Go deeper: What's next in the economic battle against coronavirus

Go deeper

Updated 29 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 5,923,432— Total deaths: 364,836 — Total recoveries — 2,493,434Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 1,745,930 — Total deaths: 102,808 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  6. 1 sports thing: NCAA outlines plan to get athletes back to campus.

In photos: Protests intensify across the U.S. over George Floyd's death

Protesters outside the Capitol in Washington, DC, on May 29. Photo: Eric Baradat/AFP via Getty Images

Mass protests in Atlanta, New York City and Washington, D.C., sparked clashes with police on Friday, as demonstrators demanded justice for the death of George Floyd, a black man who died after at least one police officer knelt on his neck on Monday.

The big picture: The officer involved in the killing of Floyd was charged with third-degree murder on Friday, after protests continued in Minneapolis for three days.

Zuckerberg says Trump’s “shooting” tweet didn’t violate Facebook’s rules

Mark Zuckerberg at the 56th Munich Security Conference in Munich, Germany on February 15. Photo: Abdulhamid Hosbas/Anadolu Agency via Getty Images

Facebook did not remove President Trump's threat to send the National Guard to Minneapolis because the company's policy on inciting violence allows discussion on state use of force, CEO Mark Zuckerberg explained in a post on Friday.

The big picture: Zuckerberg's statement comes on the heels of leaked internal criticism from Facebook employees over how the company handled Trump's posts about the Minneapolis protests and his unsubstantiated claims on mail-in ballots — both of which Twitter has now taken action on.