- 4 months ago
مقابلة حصرية مع رئيس بنك جي بي مورغان جيمي ديمون
#قناة_العربية
#قناة_العربية
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00:00مشاهدين أهلا بكم في هذه المقابلة الخاصة بشكل حصري على قناة العربية
00:06مع الرئيس والرئيس التنفيذي لبنك JP Morgan Chase
00:12هذه أول مقابلة يقوم بها Jamie Diamond على أي وسيلة عربية
00:17Jamie, thank you for having us and welcome to Riyadh
00:22and also happy 90 years in doing banking in Saudi Arabia
00:29my first question to you the Gulf especially Saudi Arabia is deploying massive capital globally
00:37how strategically important is Saudi and the region for JP Morgan's future
00:43Fatima first happy to be here hello to everyone there
00:47I'm thrilled to be back again and we've been the Gulf has been growing well for a long time
00:53and you have real development of economies and obviously in Saudi Arabia which you could see
00:58anywhere you look you can see it but you have it in the UAE, Qatar so we're quite optimistic
01:06and our job is to serve the clients here and serve the country over an extended period of time
01:10and so I'm quite optimistic about the future
01:12FII is on its ninth year and you have a roundtable tomorrow quite an important one in the morning
01:20who are you looking forward to meet what sectors are you interested in and most excited about in Saudi
01:26yeah so I look I got here last night and I was really touched because we had our 90th anniversary
01:32half the ministry came to it and obviously employees and 300 people
01:36and just a reminder we've been here when I first came here there was one person working here
01:41one person one and now there's 140 which 40 percent of women you you've taken 350 companies
01:47public in the last couple of months we helped Saudi Arabia go public here so our history here and our
01:52capital deploys like 14 billion dollars so our history has been to grow with the country the
01:57country has gone through enormous transformation economically culturally things you wouldn't have
02:03expected but the education system which drives a lot of growth you know you have more and more I did run
02:08some technology companies last night I had this wonderful lunch at a person's private home and
02:13reminded me of the enormous hospitality of the Saudi people and so uh it'll be each industry obviously we're
02:19a lot of you know petrochemicals oil gas but you have chemical companies some fintech companies you have
02:25banks you have uh you know a lot of retailers here so we'll grow with them and I when I visit I always
02:30ask the people here what more can we do to help your clients and your country and and PIF obviously it's a huge
02:36uh successful fund who we call on almost every level though there's a point out we bank 350
02:43companies here we make a lot of saudi companies when they travel the world so an institution like PIF
02:48which is huge we bank them here we also bank them in europe brazil united states china PIF is a big
02:56engine and it has played a key role in the transformation we've seen um at the financial economic front
03:02uh investments uh uh is is the key question here and my question to you what's the missing puzzle
03:09to see more foreign direct investment coming to saudi arabia the numbers are good but they could be
03:15better so what's missing uh in your view i think it will be going up i mean there's a focus on it uh
03:21you're building data centers now and uh but i think one of the huge things that's going to help drive it
03:26is peace in the middle east i mean and i give saudi arabia a lot of the credit for that maybe
03:31the sole credit the breakthrough of that peace in the middle east will give people much more comfort
03:36to invest in it in saudi arabia but the gcc writ large and uh i think that's the door that opens up
03:42if that if you have the whole region can you know continue to grow aggressively and develop new
03:48industries like technology and uh i think that might be the key so you do expect it to go up uh going
03:54forward i think it'll go up either way but if you have real peace in the region uh which i'm
03:58hoping i know it's hard uh but i think that would make a big difference let's talk about the hot topic
04:03today and it's the u.s china deal there was a huge advancement in the talks between the chinese
04:09and the americans uh on the asian summits before the uh uh trump chi uh summit and meeting do you expect
04:18a deal and do you think that deal can actually uh materialize and not go back again yeah so that's
04:26a great question we've gotten used to a little volatility in this and you play the key role in
04:30in persuading trump to to to talk to the chinese i'm not sure that's true no i think we should talk
04:34to them i think there are things which are unilateral things that you know america needs to do for its
04:38own national security like rare earth fentanyl which i don't think we should trade off with them
04:43but like every nation has the right to look at you know what gives them national security and it's
04:47different for every country i think in other matters yeah we should make sure trade is fair
04:52it's not always but that's obviously a legitimate thing to to talk about china
04:57and i hope they do engage and come up with an understanding uh that's you know it's meaningful
05:01i think it'll just be a step i don't think i don't think it'll be a a the end of the deals and and uh
05:07i think it's and the chinese are quite methodical so i expect them to be quite methodical and we want
05:14to get everything done overnight they could take 20 years so it's a step further towards
05:18a deal at some point and not a step further and a step back i hope so you have so you know the chance
05:24of being two forward and one back is pretty high you know both because of you know american policy
05:29or chinese policy i think there is a complication here which is war you know the the little bit they
05:35do not a little bit what they do to help russia you know puts us in different sides in this one and
05:40and that should be very important to america and you know to the people negotiating this trade
05:44deal um i would like to pick your brain on tariffs if tariffs are eased how do you see that affecting
05:50u.s companies that rely on chinese supply uh chains could this trigger a real shift
05:56i think you know companies you know people are adjusting to tariffs you know originally started
06:02very high and i think people are surprised but they've mostly come down i think it's good that the
06:06president and his staff have responded to things they that changed and they they backed
06:11off and they modified so i think they're quite sensitive to what it does but companies were
06:16changing their supply chains anyway and tariffs will kind of accelerate that i do hope and they know that
06:21i hope that they finish and settle the trade deals whatever they are it's better for companies to
06:26invest and be thoughtful about it than they're constantly changing so um uh but you know i think most
06:31guys seem to have adjusted pretty much there are some who are going to have a tough time
06:35and the and the i think the government's aware of that like the farmers they understand that the
06:39farmers may need a little help uh support because some of these tariffs have hurt them more than maybe
06:43was expected who's the winner of this deal do you think china the u.s well i hope it's both i mean
06:49i don't think you go into a deal and always say you have to win you know sometimes it's a win-win like
06:54what do you need what do i need what's fair what's unfair acknowledge uh differences and uh let's move to the
07:02global economy we've had a a statement a few days ago and you said warning of cockroaches if
07:07we see one cockroach more cockroaches will follow and that applies to what's happening in the uh global
07:13economy you've warned for years about economic headwinds are we already in the storm are we not
07:19yet there are we still waiting for it where are we yeah i wish i hadn't said the cockroach thing you've
07:25got four more attention than dessert so here's what it was the and we'll go to the united states for now
07:30like and i'm going to put geopolitics aside that is the most important thing for the future of the
07:34world that we keep the world safe and free and and bar nothing and it dwarfs you know whether you
07:41have a recession i i consider the weather i don't worry about that whether we have a recession we're
07:46going to continue to invest exactly the same way in saudi arabia just like we'll continue to invest
07:50exactly the same with their clients you know around the world so what you had in the united states
07:54you had you've had very good growth for a while we've been in the soft landing markets seem to
07:59expect a soft landing you know which partially explains why asset prices are quite high and you
08:04have i i think you do have some tailwinds which is you know a very pro business president which is good
08:10a pro deregulation president i think regulations just in america and elsewhere have been really
08:15damaging the ability to grow and innovate and those things are free good policy deregulation is free
08:21they want to unleash the banks i think the banks could do more to help countries in general and then
08:25you do have some of these other headwinds like we don't really know the outcome of inflation yet
08:30uh the restructuring trade will be a little inflationary the world is remilitarizing uh so
08:35there are and the deficits are too high i don't know what that's going to do or when it's going
08:39to do it but one day you know the market will balk at buying more and more not just our side we're the
08:45worst but private credits are you worried about that i'm not really i never blamed private credit for
08:50for the cockroach what i was talking about is we've had probably there was fraud but put fraud
08:54aside there is issues in subprime auto in the united states there are some issues weakening of
09:00consumer labor demands a little bit less there have been some real credit losses in wholesale not huge
09:06but you know maybe a little worse you might have expected when you have such low unemployment so yeah
09:11my intent up that we should be looking for things out there that may surprise you it's not private
09:16credit you know the private credit people say it's the bank though they're right but you know
09:20i i expect that we have a recession and we will i don't know when that credit loss will be a little
09:26bit worse than people expecting a recession where do you see oil prices gold prices going further god
09:31that's almost impossibly financial i mean the the world expert you've had it wrong on the goals though
09:38well i'm not i've never been a gold investor but i said recently now's the time to buy gold you know gold
09:43gold is it's not replicatable so there's only so much i forgot how much is 10 trillion in the
09:47world or 11 trillion and it costs you have to pay four percent or more to carry it uh but i understand
09:53why people use the diversity i don't feel like i need to do that you see some central banks doing it
09:58you see some investors doing it uh you know it easily could go up it could easily go down i i have no
10:03idea oil is a little more complicated because there's there's short-term supply and demand there's long-term
10:10supply and demand i if you ask me when i look at the studies i'm going to talk about just the
10:14longer term oil will be in short supply the world is going to need more safe affordable secure energy
10:22supplies which includes oil gas renewables which you're going to be a leader in uh and that may
10:29over time push these prices up not down and you know some people think that's good i actually don't
10:34think it's so good because you know the alternative to clean gas is coal and that's
10:40all that happens and i do think that technology will help fix the co2 issue but we should be very
10:45careful about wasting a lot of money and stuff which isn't going to work let's go to ai the hot topic
10:51everywhere we go you've called ai as transformative as the steam engine what part of banking will
10:59disappear because of it junior jobs as an example yeah so it is it is transform we already
11:04we've been doing it by the way for 13 years so it's not like totally new gen ai is fairly new
11:09and we use of hundreds of use cases of risk fraud marketing i think the difference ai is huge it is
11:15going to transform a lot of different things it's much faster than the internet i mean it's going to
11:19be developed faster than the steam engine and then there's other things that some of the electricity
11:24some of those things took a long time to put the lines in to make electricity available to
11:28people in a country and in total it'll pay off you know but there will be winners and
11:34losers and all that i'm not really worried about that it will of course it'll affect jobs you know
11:39just like every technology affected jobs and every technology is used by bad people too so that's why
11:45governments have to be a little thoughtful that we get the best out of ai and not the worst it's
11:48already been used by criminals all over the place on cyber uh uh etc um yeah and so for jobs it'll
11:55create more productivity like you could have done an llm model to do your notes and ask questions
11:59it may eliminate some jobs but our my view is just retrain people and redeploy them and income
12:05assistance and we're going to be fine amy diamond the uh president the chairman of jp morgan chase and
12:12its ceo thank you so much for this interview uh on al arabia news exclusively thank you thank you
12:18مشاهدين اذا هذه كانت مقابلة خاصة لأول مرة على وسيلة اعلامية
12:24عربية مع جيمي دايموند رئيس بنك جي بي مورغان شيس اكبر بنك في
12:30والستريت اكبر بنك في الولايات المتحدة باصول تفوق الاربعة
12:35تريليون دولار واكثر من ثلاثمائة الف موظف حول العالم شكرا جزيلا الى اللقاء
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