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Speaker 1: One of the things we've been following is certainly commentary

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Speaker 1: from Jamie Dimond. Of course, he is the CEO of

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Speaker 1: JP Morgan Chase. He has been at the APEX CEO

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Speaker 1: Summit Peru twenty twenty four, and he actually sat down

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Speaker 1: with our own Lisa Abramowitz, who is one of the

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Speaker 1: co hosts of Bloomberg Surveillance, talking about a lot of things.

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Speaker 1: Let's listen into some of that conversation.

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Speaker 2: You had a big c change that took place in

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Speaker 2: that votue the other day, and some people were prepared

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Speaker 2: and somewhere unprepared. But I think the most important thing

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Speaker 2: is whoever had been elected, and this is my belief.

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Speaker 2: They are entering and could be responsible for the most

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Speaker 2: complicated geopolitical, military, and geoeconomic situation that the world has

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Speaker 2: faced since World War Two, And of course I wish

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Speaker 2: him all the best. I think people try to help

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Speaker 2: get through this. It could be a difficult thing with

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Speaker 2: a lot of unknowns and uncertainties, and so policy is

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Speaker 2: going to matter, and you know, of course who runs

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Speaker 2: the government be determinedive there.

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Speaker 3: President elect Donald Trump sends a message.

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Speaker 4: To you that he respects you greatly, but you will

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Speaker 4: not be part of the Trump administration as a Treasury secretary,

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Speaker 4: if that were something that were interested interesting to you.

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Speaker 2: First of all, I wish the president well and thank you.

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Speaker 2: It's a very nice note. But I just want to

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Speaker 2: tell the president also I've never i haven't had a

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Speaker 2: boss for twenty five years, and I'm not about ready

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Speaker 2: to start.

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Speaker 3: Only I want to start by also talking about the

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Speaker 3: response in markets in the US, which has very much

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Speaker 3: been this is going to be a pro growth shock,

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Speaker 3: with companies that are going to be investing much more,

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Speaker 3: deploying cash aggressive in terms of US expansion. Have you

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Speaker 3: seen any signs that that's truly the case.

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Speaker 2: Well, yeah, you know you've seen, you've already seen the

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Speaker 2: markets have responded quite well. And you know, I think

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Speaker 2: America needs a growth strategy. So I literally applaud that.

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Speaker 2: I think collaboration between government and business is the way

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Speaker 2: to have growth. You know, they've always spoken about a

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Speaker 2: regulatory environment, when I want to point out I'm not

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Speaker 2: talking about just getting rid of regulations or but the

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Speaker 2: regulatory environment most countries has become stifling and in a

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Speaker 2: lot of countries, including Peru, it's why you're growing maybe

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Speaker 2: two and a half percent, not four or five in

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Speaker 2: America is why we've been going to two percent for

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Speaker 2: twenty years and maybe not three. So I do think

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Speaker 2: it's a reasonable thing to have that kind of reform,

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Speaker 2: and that reform has to go deeper than just regulations

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Speaker 2: which can leash capital and investment and banking and stuff

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Speaker 2: like that. It's got to be permitting and all the

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Speaker 2: related things that come with that, where people, you know,

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Speaker 2: you would just mention your mind that you know, someone

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Speaker 2: bought that could do rare earths. In the United States,

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Speaker 2: it's ten years they haven't gone their permits yet. I mean,

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Speaker 2: it's a shame and we're doing this to ourselves and

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Speaker 2: it's a mistake. So I deployed any government that says

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Speaker 2: I'm going to make government more efficient, and I think

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Speaker 2: inefficient government is one of the reasons that people are frustrated.

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Speaker 2: You know, that why you have some populism because they

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Speaker 2: may blame you know, they may look at big companies,

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Speaker 2: but they also know their government isn't spending their money wisely.

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Speaker 1: Well, there you have it. Jamie Diamond of JP Morgan

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Speaker 1: Chase at the Apex CEO Summit in Lima, Peruz, speaking

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Speaker 1: to Bloomberg Surveillance co host Lisa Abramowitz