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.

Go deeper

Updated 1 min ago - Science

Live updates: SpaceX attempts to launch NASA astronauts Saturday

SpaceX's Falcon 9 rocket on the launch pad. Photo: NASA/Joel Kowsky

At 3:22 p.m. ET today, SpaceX is expected to launch NASA astronauts Bob Behnken and Doug Hurley to the International Space Station for the first time.

Why it matters: The liftoff — should it go off without a hitch — will be the first time a private company has launched people to orbit. It will also bring crewed launches back to the U.S. for the first time in nine years, since the end of the space shuttle program.

Follow along below for live updates throughout the day...

Updated 1 hour ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.

Updated 1 hour ago - Politics & Policy

Gov. Tim Walz to mobilize Minnesota's full National Guard

Photo: Steel Brooks/Anadolu Agency via Getty Images

Minnesota Gov. Tim Walz announced on Saturday he is activating the full National Guard to respond to street violence in Minneapolis that broke out during protests of a police encounter that left a black man, George Floyd, dead.

Why it matters: This is the first time the state has activated the full National Guard since World War II. " The Minnesota National Guard told Axios in an email that up to 10,000 soldiers and airmen would be deployed after all activations and processing are complete.