Why Jamie Dimon Says Private Credit Is Dangerous But Still Invests in It

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 14 July 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 14. Private credit may be Wall Street’s hottest trend, but JPMorgan Chase CEO Jamie Dimon has said that it’s a recipe for a financial crisis. So why is the bank investing $50 billion in private credit anyway? Alexander Saeedy, who covers banks and finance for the Journal, explains. Plus, businesses are looking for new ways—some legal, some not—to avoid President Trump’s tariffs. WSJ reporter Corinne Ramey joins to discuss how they’re doing it and why, for the first time, the Justice Department is cracking down on tariff cheaters. And President Trump puts pressure on Russia by threatening 100% tariffs and a deal with NATO to provide weapons to Ukraine. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:22.8	Hawks Pro Skater 3 and 4 and show the world that the shred's not dead. Get Tony Hawk's Pro
0:27.6	Skater 3 and 4 available now. President Trump raises pressure on Russia with a 100% tariff threat and a weapons deal for Ukraine.
0:40.0	Plus, battling tariff cheaters turns into a new front in Trump's trade war.
0:44.3	The Justice Department has said that it plans to prioritize tariff and customs cases.
0:50.8	And this is brand new. We haven't seen this before in terms of this being a white-collar
0:55.5	priority for the Justice Department. And why Jamie Diamond is warning that Wall Street's hottest
1:00.6	trend is a recipe for a financial crisis. It's Monday, July 14th. I'm Alex O'Sullough for the Wall Street
1:07.0	Journal. This is the PM edition of What's News, the top headlines and business
1:11.5	stories that move the world today.
1:16.2	President Trump has threatened to increase economic pressure on Moscow if there's no peace
1:20.8	deal with Ukraine in 50 days, underscoring his growing anger with Russian President Vladimir Putin.
1:27.1	Speaking from the White House during a meeting with NATO Secretary General Mark Ruta,
1:31.2	Trump said,
1:32.2	We are very unhappy I am with Russia,
1:36.6	but we'll discuss that maybe a different day,
1:39.8	but we're very, very unhappy with them,
	...

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