Aug 8, 2017

Jamie Dimon says he's not getting into politics

Kevin Wolf / AP

J.P. Morgan Chase CEO Jamie Dimon today told CNBC that he has no interest in trading in his Wall Street career for politics.

No, I'm not stepping into the arena.

Dimon also expanded on his recent comment about how it's "almost embarrassing being an American," saying that his chagrin stems from the country's inability to do things like build new major airport hubs or agree on tax reform: "I'm not criticizing Washington. I'm criticizing us collectively... We spend a lot of time slinging things at each other, making every decision like it's binary. We don't do enough analysis and planning, which I think is a good thing to so."

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Axios

Updated 9 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 8 a.m. ET: 6,294,222 — Total deaths: 376,077 — Total recoveries — 2,711,241 — Map.
U.S.: Total confirmed cases as of 8 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682 — Map.
Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
🎧 Podcast: The virus didn't go away.

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Dion Rabouin

14 mins ago - Economy & Business

More than 1 in 6 black workers lost jobs between February and April

Adapted from EPI analysis of Bureau of Labor Statistics data; Chart: Andrew Witherspoon/Axios

As is often the case, the staggering job losses in the coronavirus-driven recession have been worse for black workers.

By the numbers: According to a report from the Economic Policy Institute, titled "Racism and economic inequality have predisposed black workers to be most hurt by coronavirus pandemic," more than 1 in 6 black workers lost their jobs between February and April.

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Dion Rabouin

22 mins ago - Economy & Business

Coronavirus could lower GDP by $15.7 trillion

Reproduced from Congressional Budget Office; Chart: Axios Visuals

The CBO released projections on Monday for U.S. nominal GDP to be lower by $15.7 trillion over the next decade than its estimate in January as a result of the coronavirus pandemic.

What they're saying: It predicts that when adjusted for inflation GDP will be $7.9 trillion lower over the next decade and down by $790 billion in the second quarter of this year — a 37.7% quarterly contraction.

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