The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
WHEN: TODAY, MONDAY, OCTOBER 21ST
WHERE: CNBC'S "SQUAWK BOX"
Following is breaking news from CNBC's Kate Kelly. Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000209766.
All references must be sourced to CNBC.
KATE KELLY: I MANAGED TO CATCH A MINUTE OR TWO WITH JAMIE DIMON ON HIS WAY IN TO 270 PARK, THEIR HEADQUARTERS HERE. HE ANSWERED A COUPLE OF DIFFERENT QUESTIONS ABOUT THE SUPPOSED $13 BILLION SETTLEMENT TALKS. LET'S LISTEN TO WHAT HE SAID.
KELLY: ANY CHANCE OF A QUICK COMMENT ON THE DISCUSSIONS?
JAMIE DIMON: YEAH, IT'S BEEN IN THE PRESS MORE THAN I EVERY IMAGINED, BUT WE ARE TRYING TO GET IT RESOLVED.
KELLY: OK AND THE WALL STREET JOURNAL –
DIMON: BUT MY REAL COMMENT THIS MORNING – YOU HAVE BEEN STANDING HERE ALL MORNING AND PEOPLE ARE COMING IN ALL BRIGHT EYED AND BUSHY TAILED –
KELLY: AND THEY ARE NOT HAPPY TO SEE US
DIMON: 260,000 PEOPLE AROUND THE WORLD DOING A GREAT JOB FOR OUR CLIENTS. WE ARE GAINING MARKET SHARE, WE ARE DOING GREAT STUFF, WE ARE TRYING TO GET OUR PROBLEMS BEHIND US.
DIMON: I AM SO DAMN PROUD OF THIS COMPANY. THAT IS WHAT I WAKE UP THINKING EVERY DAY.
KELLY: I HEAR YOU.
DIMON: THESE OTHER THINGS I KNOW WE HAVE TO FIX.
KELLY: I HEAR YOU. AND DO YOU FEEL THAT THIS IS A SHAKE DOWN ON THE WALL STREET JOURNAL'S PART?
DIMON: I'M NOT GOING TO GO THERE. I WANT TO GET OUR PROBLEMS RESOLVED. I WANT TO GET OUR PROBLEMS RESOLVED AND THAT IS WHAT WE ARE WORKING HARD TO DO SO WE CAN GO FOCUS ON OUR MAIN MISSION WHICH IS SERVING OUR CLIENTS.
KELLY: HOW WORRIED ARE YOU ABOUT THE POSSIBLE RAMIFICATIONS OF CRIMINAL CHARGES?
DIMON: WE ARE GOING TO TRY AND RESOLVE EVERY THING WE CAN AND THEN WE ARE GOING TO MOVE ON AND SERVE OUR CLIENTS.
KELLY: SO AS YOU CAN HEAR HE IS NOT GOING TO GET INTO THE POLITICS OF THIS, BECKY AND JOE. HE DOESN'T WANT TO TALK ABOUT THE WALL STREET JOURNAL SHAKE DOWN STORY LINE. HE ALSO WOULD NOT ADDRESS WHETHER OR NOT THESE CRIMINAL RAMIFICATIONS THAT MAY BE LINGERING EVEN AFTER THIS EXPECTED $13 BILLION LAWSUIT IS FINISHED. HE IS JUST TRYING TO MOVE FORWARD AND HIGHLIGHT THE COMPANY'S BUSINESS SUCCESSES.
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