Jan 13, 2017

What makes Jamie Dimon optimistic about the economy

JPMorgan CEO Jamie Dimon told analysts on a conference call today that it's his "personal belief" the economy is improving. Why, according to the Fly on the Wall?

  • Higher retail spending
  • Record auto sales
  • Rising home prices
  • New household formation
  • Increased business and consumer confidence
  • "Plus if you take a walk around the world, Japan is doing a little better, Europe is doing better"

Yeah, but: Dimon is as smart as anybody on the economy but he may be underestimating global risks. The Chinese economy continues to slow, the Japanese government continues to rack up debt with no end in sight, and the European Union is facing one existential crisis after another.

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Assault weapons ban dies in Virginia Senate despite Democratic control

Gun-rights ralliers at a protest outside the Virginia Capitol Building in January. Photo ROBERTO SCHMIDT/AFP via Getty Images.

An assault weapons ban died in the Virginia Senate Judiciary Committee on Monday despite a Democratic majority in the assembly, the Washington Post reports.

Why it matters: Democrats flipped the Virginia House and Senate last year after campaigning hard on gun control. The assault weapons bill would have banned future transfers and sales of all assault weapons in the state.

What we know: Deadly Storm Dennis whips at England, Wales and Ireland

Photo: OLI SCARFF/AFP via Getty Images.

At least two deaths are being attributed to Storm Dennis on Monday as it continues to strike at parts of England, Wales and Ireland, per AccuWeather.

The big picture: Dennis is the second-strongest nontropical storm ever recorded in the North Atlantic Ocean. Its hurricane-force winds and heavy rains have caused widespread flooding across the United Kingdom. The army has been deployed in the U.K. to help with flood relief.

Go deeperArrow27 mins ago - Science

Coronavirus cases rise as 14 American evacuees infected

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

14 Americans evacuated from the Diamond Princess cruise ship tested positive for the novel coronavirus before being flown in a "specialist containment" on a plane repatriating U.S. citizens back home, the U.S. government said early Monday.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others. Most cases and all but five of the deaths have occurred in mainland China.

Go deeperArrowUpdated 3 hours ago - Health