Jamie Dimon looks at geopolitical risk for hints about severity of U.S. recession
CBSN
The CEO of the largest bank in America, Jamie Dimon, is eyeing world events for signs of how severe a potential recession in the U.S. may be.
Many on Wall Street, including Dimon's own bank, JPMorgan Chase, predict the U.S. will tip into recession early next year.
"It's turbulent," Dimon said of current geopolitical risk. "It's like anything can go wrong," he told CBS News "Face the Nation" moderator Margaret Brennan in an exclusive interview.
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic "Earthrise" photo showing the planet as a shadowed blue marble from space in 1968, was killed Friday when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.