One of the things we've been following is certainly commentary from Jamie Dimond. Of course, he is the CEO of JP Morgan Chase. He has been at the APEX CEO Summit Peru twenty twenty four, and he actually sat down with our own Lisa Abramowitz, who is one of the co hosts of Bloomberg Surveillance, talking about a lot of things. Let's listen into some of that conversation.
You had a big c change that took place in that votue the other day, and some people were prepared and somewhere unprepared. But I think the most important thing is whoever had been elected, and this is my belief. They are entering and could be responsible for the most complicated geopolitical, military, and geoeconomic situation that the world has faced since World War Two, And of course I wish him all the best. I think people try to help
get through this. It could be a difficult thing with a lot of unknowns and uncertainties, and so policy is going to matter, and you know, of course who runs the government be determinedive there.
President elect Donald Trump sends a message.
To you that he respects you greatly, but you will not be part of the Trump administration as a Treasury secretary, if that were something that were interested interesting to you.
First of all, I wish the president well and thank you. It's a very nice note. But I just want to tell the president also I've never i haven't had a boss for twenty five years, and I'm not about ready to start.
Only I want to start by also talking about the response in markets in the US, which has very much been this is going to be a pro growth shock, with companies that are going to be investing much more, deploying cash aggressive in terms of US expansion. Have you seen any signs that that's truly the case.
Well, yeah, you know you've seen, you've already seen the markets have responded quite well. And you know, I think America needs a growth strategy. So I literally applaud that. I think collaboration between government and business is the way
to have growth. You know, they've always spoken about a regulatory environment, when I want to point out I'm not talking about just getting rid of regulations or but the regulatory environment most countries has become stifling and in a lot of countries, including Peru, it's why you're growing maybe two and a half percent, not four or five in America is why we've been going to two percent for
twenty years and maybe not three. So I do think it's a reasonable thing to have that kind of reform, and that reform has to go deeper than just regulations which can leash capital and investment and banking and stuff like that. It's got to be permitting and all the related things that come with that, where people, you know, you would just mention your mind that you know, someone bought that could do rare earths. In the United States,
it's ten years they haven't gone their permits yet. I mean, it's a shame and we're doing this to ourselves and it's a mistake. So I deployed any government that says I'm going to make government more efficient, and I think inefficient government is one of the reasons that people are frustrated. You know, that why you have some populism because they may blame you know, they may look at big companies, but they also know their government isn't spending their money wisely.
Well, there you have it. Jamie Diamond of JP Morgan Chase at the Apex CEO Summit in Lima, Peruz, speaking to Bloomberg Surveillance co host Lisa Abramowitz