Jamie Dimon: Tariffs Aren't the Way to Go

09 Juin, 2018, 17:28 | Auteur: Yves Courtet
  • Bitcoin Surprise Surprise! Jamie Dimon and Warren Buffet Still Don’t like Bitcoin Rick D

Buffett, who is chairman of Berkshire Hathaway Inc (BRKa.N), and Dimon wrote in a Wall Street Journal column on Thursday that the pressure to meet short-term estimates has contributed to a fall in the number of USA public companies.

"Public companies should be managed for long-term prosperity, not to meet the latest forecast". As a result, corporations "frequently hold back on technology spending, hiring, and research and development" that would improve businesses' future growth, Buffett and Dimon say. Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance.

Dimon, is chairman of the Business Roundtable, an association of almost 200 CEOs that is also backing the push to eliminate so-called short-termism.

In an interview earlier today on CNBC, Warren Buffett and Jamie Dimon told viewers to "beware" of bitcoin.

Former garbo to make shock Wallabies debut
Veteran flyhalf Johnny Sexton was relegated to the bench to allow Joey Carbery to start a test match for just the third time. Paenga-Amosa worked as a trash collector for eight months after finishing school in Sydney before studying theology.

Afghan Taliban raise hopes with surprise Eid ceasefire
President Ashraf Ghani on Thursday declared an apparently unilateral week-long ceasefire with the Taliban. Government forces will not stop fighting other militants , like the Islamic State (IS) group.

DOJ Won't Defend Obamacare in Lawsuit Brought by 20 States
Donald Verrilli Jr, Barack Obama's top supreme court lawyer who defended the law, called the decision "a sad moment". But it said the rest of the law, including Medicaid expansion, can remain in place.

FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit during a panel discussion at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018.

On Thursday morning, the Business Roundtable which includes CEOs of US companies with more than 16 million employees and more than $7 trillion in annual revenues, weighed in supporting the proposal.

"We think the president has raised some very critical issues about trade, especially with China, around state owned enterprises, fair competition, market access, the ability to own 100% of a company, and these things should be negotiated out and the Business Roundtable supports those issues", Dimon said. "Such short-termism is unhealthy for America's public companies and financial markets - which are critical to economic growth and financial prosperity", Business Roundtable said in a statement.

Buffett and Dimon said they were not opposed to the practice of quarterly and annual reporting that ensures transparency. "When companies get where they're sort of living by so-called making the numbers, they do a lot of things that really are counter to the long-term interests of the business".

Conseillé:

  • President Trump Expresses Support For Bipartisan Marijuana Fix

    Marijuana has been fully legalized in eight states, with 24 states allowing some form of use. And his office echoed that today when HuffPost reached out for comment.
    Spain's new PM Pedro Sanchez unveils pro-EU government dominated by women

    Spain's new PM Pedro Sanchez unveils pro-EU government dominated by women

    To maintain "stability", Sanchez has also promised to implement the 2018 budget crafted by the previous conservative government. José Luis Zapatero, the last socialist prime minister, had appointed an equal number of male and female ministers.
    Elon Musk annonce le futur SUV compact pour 2019 — Tesla Model Y

    Elon Musk annonce le futur SUV compact pour 2019 — Tesla Model Y

    Tout juste sait-on que le Model Y sera présenté en 2019 et qu'il aura des portes Falcon qui se déplient comme des ailes . Un unique teaser officiel de la Model Y existait jusque-là, donnant de vagues indications sur ses formes vues de face.
  • Garcia monte en puissance mais peine à conclure — Roland-Garros

    Garcia monte en puissance mais peine à conclure — Roland-Garros

    Les hommes n'ont pas dépassé la première semaine, ce qui ne s'était pas produit depuis 2007. C'est le rendez-vous des amoureux de la terre battue.

    Virat Kohli's Wax Statue Damaged at Madame Tussauds

    Indian captain Virat Kohli is known for his leadership skills as he leads his team from the front. It is the twenty-fourth location for the Tussauds, which was set up by sculptor Marie Tussaud.
    Five golfers in Forbes highest paid athletes list

    Five golfers in Forbes highest paid athletes list

    On the other hand, for the first time since 2010, women's athletes have not found their place in the list of 100 people. Last year, Kohli's earning through salary and winnings was $3 million while brand endorsements earned him $19 million.
  • Une demi-finale 100% Américaine - Roland Garros

    Une demi-finale 100% Américaine - Roland Garros

    Pas attendues à ce niveau du tournoi, les deux finalistes du dernier US Open s'affronteront donc pour une place en finale, samedi. Elle n'a concédé qu'une seule fois son engagement dans cette partie, alors qu'elle servait pour le gain du match à 6-4 5-2.
    Faites le plein avant le 10 — Blocage des raffineries

    Faites le plein avant le 10 — Blocage des raffineries

    Le déclencheur a été l'autorisation donnée à Total d'importer de l'huile de palme, afin d'exploiter sa bioraffinerie de la Mède (Bouches-du-Rhône).
    Les NTIC : avantages et inconvénients

    Les NTIC : avantages et inconvénients

    En effet, avoir mille et une tâches à accomplir à la fois, ça peut avoir des effets négatifs. En effet, les travailleurs effectuent les tâches beaucoup plus rapidement tout en conservant leur qualité de vie.
  • LeBron James says Warriors remind him of Heat vs. Spurs Finals

    LeBron James says Warriors remind him of Heat vs. Spurs Finals

    When he's not busy preparing current players for life after their playing careers, he enjoys watching them hone their craft. The Golden State Warriors became the NBA's first back-to-back champions since 2013 by defeating the Cleveland Cavaliers .
    Woman injured by bison in Yellowstone National Park after getting too close

    Woman injured by bison in Yellowstone National Park after getting too close

    Park officials instructed visitors to give animals space, even near trails, boardwalks, parking lots and other developed areas. The latest attack at Yellowstone comes days after two people were attacked by elks in separate incidents.
    New Zealand women score world record 490/4 in ODI against Ireland

    New Zealand women score world record 490/4 in ODI against Ireland

    Jess Watkin scored a fine 62 and 17-year-old Amelia Kerr provided the finishing touches, smashing her way to 81 off just 45 balls. New Zealand women have smashed the world record for the highest one-day global score by posting a mammoth 490-4 against Ireland.


Populaire

L'abandon de Tsurenko envoie Muguruza en quart de finale — Roland-Garros
Muguruza n'avait pourtant jamais battu Sharapova en trois confrontations , mais leurs affrontements remontaient à 2013 et 2014. Sans concéder la moindre balle de break, Muguruza a facilement empoché la première manche (6-2).

" "La " voiture volante " du fondateur de Google offerte en précommande
Prendrez-vous bientôt le volant d'une voiture volante? Elles sont aussi disponibles depuis mercredi en précommande aux États-Unis. Son autonomie varie de 12 à 20 minutes en fonction du poids de l'occupant, les facteurs environnementaux et la vitesse atteinte.

L'Islam politique n'a pas de place ici — Le Chancelier Autrichien
Selon une loi votée en 2015 par le Parlement autrichien, les imams ne peuvent être salariés par un gouvernement étranger. L'Autriche, un pays de 8,8 millions d'habitants, compte environ 600 000 musulmans, la plupart originaires de Turquie.

Noble and Adrian send messages to West Ham teammate Manuel Lanzini
The seriousness of the injury also means Lanzini is likely to miss the opening games of the 2018-19 Premier League season. They will have a very challenging if not impossible task to get Lanzini fit in time to play at the start of the season.

French Open final preview & prediction: Simona Halep v Sloane Stephens
Stephens has made the second week in Paris in five of her seven appearances and Keys is slowly coming to terms with the surface. Two women who have won the title at Roland Garros, Maria Sharapova and Garbine Muguruza , play each other in the quarterfinals.

Andy Murray not yet ready to make his comeback
Andy Murray in action at the 2017 Wimbledon Championships at The All England Lawn Tennis Club in Wimbledon on 7 July 2017. He is the only person who knows how he feels. "He's been back on the court in the last couple of days".

Trump to leave G7 summit early amid feud with Trudeau, Macron
Staffers working on the G-7 summit have reportedly started to joke that the meeting should be called the G6 plus one . Trump will skip out on G-7 meetings about climate change, clean energy and ocean protection.

Un enfant meurt écrasé dans un ascenseur de centre commercial — Val-d'Oise
Au moment de sortir de la cabine, l'ascenseur aurait chuté sur une courte distance, coinçant l'enfant et le tuant sur le coup, rapporte Le Parisien .

What to do if you suspect someone is suicidal
From 1999 to 2015, suicide rates increased among all genders, all racial and ethnic groups and all urbanization levels. Roughly 80 percent of Oregonians who die by suicide are male, and rates are highest among men age 75 and older .

Votre voiture doit être dans un état impeccable
En ce qui concerne la sécurité, le choix des pneus parfaitement adaptés est extrêmement. Mais tout d’abord, vous devez savoir où trouver les pièces compatibles avec votre voiture.