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FBN’s Melissa Francis weighs in on Jamie Dimon’s bus tour, and the issues JP Morgan Chase is facing.
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Melissa Francis is traveling with mr.
Dimon.
An Austin, Texas joining us now with more -- up.
Yeah he's back on on the -- at one of his famous last words he literally put on a -- cowboy boots and hot Donna -- gotten rally the troops.
From branch to branch down here it's hard to imagine Lloyd Blankfein and cowboy boots but I guess anything is possible.
He might have his work cut out for him this time though this is the third time I've actually been on -- -- -- -- -- in this time just a few days of course he ago he announced that it is cutting jobs 191000.
Over the next two years 151000 in mortgages.
-- 141000.
In branches like this one even as.
They commit to opening another hundred branches -- per year every year at the same time.
Meanwhile as you mentioned we are getting a look at their internal proprietary data.
This is the stuff that they use around the bank to make their decisions about what they're gonna do of course they have fifty million customers.
And a bird's eye view into what everyone is doing one of the things have really jumped out -- me from this data just give -- -- little preview.
Is that spending -- credit cards went up 13%.
In January year over year.
That's huge -- I -- 13% more this year vs last year especially when you compared to December.
A month when you'd expect -- really be out there and spending more they was up 6% -- So we're gonna talk a lot about what they -- wealthy consumers are doing high net worth what regular consumers are doing.
Talk about the mortgage numbers everything under the sun.
Coming up at 1 o'clock -- maybe target Pablo Sanchez he's the national manager.
A consumer banking to drill down on some that proprietary internal data that you'll only see here on fox business and nowhere else.
And it all leads up to the big event of course at 5 PM eastern time Jamie Dimon the man himself no holds barred sits down.
For an exclusive interviews we've got all that coming up a very busy day back to you --
