Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
WHEN: Today, Monday, October 3rd
WHERE: CNBC's "Power Lunch"
Following are excerpts from the unofficial transcript of a CNBC interview with JPMorgan Chase Chairman and CEO Jamie Dimon on CNBC's "Power Lunch" (M-F, 1PM-3PM ET) today, Monday, October 3rd. Following are links to the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000556153 and http://video.cnbc.com/gallery/?video=3000556152.
All references must be sourced to CNBC.
DIMON ON DEUTSCHE BANK
THERE IS NO REASON THAT DEUTSCHE BANK SHOULDNT GET OVER ITS PROBLEMS. THEY HAVE PLENTY OF CAPITAL AND LIQUIDITY.WE WANT ALL THESE BANKS TO GET THROUGH BECAUSE IT IS BETTER FOR EVERYBODY THAT WE MOVE ON AND HELP DO OUR JOB ITS ABOUT FUNDING SOCIETY.
DIMON ON STUMPF
JOHN STUMPF IS A QUALITY HUMAN BEING AND A FRIEND OF MINE AND I WANT WELLS TO HOPEFULLY GET TO THIS BOTTOM TOO . OBVIOUSLY WHEN THESE PROBLEMS HAPPEN EVERY BANK IS GOING TO BE QUESTIONED ABOUT THEIR PRACTICE AND STUFF LIKE THAT AND EVERY BANK IS GOING TO COOPERATE WHICH THEY SHOULD AND IN DUE COURSE PEOPLE WILL BE DISCLOSING POLICIES AND PROCEDURES. I THINK COOLER HEADS SHOULD PREVAIL SOMETIMES.
DIMON ON BLANKET STATEMENTS
WHEN PEOPLE BLANKET A WHOLE CLASS OF PEOPLE BY MAKING STATEMENTS I THINK IT IS UNFAIR TO EVERYBODY. I CAN DO THE SAME THING ABOUT MEDIA OR POLITICIANS OR LAWYERS. THEY ARE NEVER ACCURATE. THIS BUSINESS IS FULL OF HIGH QUALITY, QUALIFIED TALENTED ETHICAL PEOPLE SMART AND ETHICAL AS YOU FIND IN INSTITUTIONS ALMOST ANYWHERE. SO I WISH PEOPLE WOULD STOP DOING THAT - PEOPLE BROKE THE LAW AND THEY SHOULD BE PUNISHED. LETS TAKE A DEEP BREATH. YOU ALL IN THE PRESS DONT HAVE TO FUEL IT ALL OVER THE TIME BY ADDING TO IT AND OVERSIMPLIFYING IT.
DIMON ON THE INQUIRY
I DONT KNOW ABOUT CONGRESS BUT WE HAVE OBVIOUSLY BEEN ASKED BY MULTIPLE AGENCIES. THIS ALWAYS HAPPENS. THIS IS STANDARD. SOMEONE DOES SOMETHING WRONG IN THE INDUSTRY EVERYONE GETS REQUESTS FROM EVERYBODY ELSE. OF COURSE, WE'LL MEET ALL THOSE REQUESTS.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 386 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms including: CNBC.com; CNBC PRO, the premium, integrated desktop/mobile service that provides live access to CNBC programming, exclusive video content and global market data and analysis; a suite of CNBC mobile products including the CNBC Apps for iOS, Android and Windows devices; and additional products such as the CNBC App for the Apple Watch and Apple TV.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc.
For more information about NBCUniversal, please visit http://www.NBCUniversal.com.