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CNBC's "Fast Money"

JPMorgan CEO Jamie Dimon Weighs In… And Trump Sounds Off On Walmart 5/19/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 19 May 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

JPMorgan CEO Jamie Dimon weighing in on tariffs, trade, succession plans, and more. Why he sees investment banking revenues declining, and the economic uncertainty weighing on his outlook. Plus President Trump sounding off on Walmart, as the retail giant announces tariff-fueled price hikes. Why he’s telling them to “eat it”... and the broader tariff implications for the retail space. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

0:06.7

Here's what's on tap tonight.

0:08.1

Jamie Diamond's big warning that JP Morgan's CEO suggesting dealmaking is still under pressure.

0:13.0

What he had to say about M&A, the markets, and his retirement plans.

0:16.9

And eat the tariffs.

0:17.7

The president set by President Trump's demands on Walmart and the impact it could have on the entire retail space.

0:23.4

Plus, United Health on the rebound after last week's route.

0:26.3

Netflix shrugs off a downgrade for one big Wall Street firm and all the details from NVIDIA's Computex keynote.

0:32.2

What its latest platform means for the next steps in AI.

0:35.4

I'm Melissa Lee. I'm here live live from Studio Bia the NASAC. On the desk tonight, Tim Seymour, Karen Feinerman, Guy Adami, and Danny Moses, founder of Moses Ventures.

0:43.3

We start off at the deal-making warning that sent shares of JPMorgan sharply lower in early trade.

0:47.3

CEO Jamie Diamond saying he expects investment banking revenues to decline in the second quarter as economic uncertainty persists.

0:58.8

His word sending the stock down more than 2% at the lows of the session for more on what the banking exec had to say about the deal environment and the broader markets.

1:01.9

Let's bring in Leslie Picker, who joins here on set. Leslie.

1:04.3

Hey, Mel, yeah, that second quarter guidance revealing that investment banking would be down by

1:08.7

mid-teens percent year-over-year, also sending shares

1:11.9

lower among J.P. Morgan's peers like Goldman Sachs and Morgan Stanley. J.P. Morgan also said

1:17.8

its markets division, comprising of sales and trading, expects growth in the mid-to-high single-digits

1:23.5

year-over-year. This comes after a blockbuster first quarter, though, but co-CEO

1:29.2

of Commercial Investment Bank, Troy Roba, noting that the volatility has moderated and therefore

1:34.3

potential returns have as well. Succession, also in focus, Diamond saying it's up to the

1:40.4

board as to whether he's CEO for more years and maybe two as three or two or three

...

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