Fox Business Network

Fox Business Network 25 Feb 2020

JP Morgan Chase to cut back on lending to coal companies

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JPMorgan Chase & Co. is tackling climate change by choosing to phase out loans to coal companies by 2024.


One day after President Donald Trump asserted he had "total authority" to determine when states reopen their respective economies, the president appeared to backtrack on the issue. (April 14)
On today's What America's Thinking, a new Hill/HarrisX poll finds that 59% of voters worry about cutting back on social distancing measures too soon compared to 41% who worry more about the impact on the economy. The Hill's National Correspondent, Reid Wilson, and Physician and Health System Designer, Dr. Prabhjot Singh, join Hill TV to break down how social distancing works and why it's needed to flatten the curve. This survey was conducted online within the United States from April 06-07, 2020 among 1000 registered voters by HarrisX. The sampling margin of error of this poll is plus or minus 3.1 percentage points. The results reflect a nationally representative sample of registered voters. Results were weighted for age within gender, region, race/ethnicity, income, political party, and education where necessary to align them with their actual proportions in the population.
Actor Mark Wahlberg and former Philadelphia Eagles player Vince Papale chat with ESPN's Mike Reiss to look back on the movie "Invincible" based on Papale's life. (6:59) Wahlberg and Papale discuss the inspiration behind the movie, how they both still share a connection and how it relates to what is going on in the world today. (13:01) Wahlberg explains what happened when a body double couldn't make it to set and he had to take a huge hit. (14:56) Wahlberg also talks about how easy it was to put aside his Boston sports fandom for the sake of the movie. (22:28) Wahlberg asks Reiss what he thinks about the expectations for the New England Patriots this season and provides his opinion on Tom Brady and Rob Gronkowski going to the Tampa Bay Buccaneers.
#NFL
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Before he became prime minister, Boris Johnson had promised businesses in Northern Ireland they would face "no forms, no checks, no barriers."

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DAVID: JPMORGAN CHASE ANNOUNCING
DAVID: JPMORGAN CHASE ANNOUNCING IT WILL NO LONGER DO BUSINESS
IT WILL NO LONGER DO BUSINESS WITH COAL COMPANIES IN FUTURE.
WITH COAL COMPANIES IN FUTURE. AND RESTRICT FINANCING COMPANIES
AND RESTRICT FINANCING COMPANIES THAT DRILL IN THE A ARCTIC.
THAT DRILL IN THE A ARCTIC. >> MOVE COMES AFTER YEARS OF
>> MOVE COMES AFTER YEARS OF PRESSURE, INVOLVED SIMILAR ACTED
PRESSURE, INVOLVED SIMILAR ACTED BY OTHER BIG UNISTUTIONS,
BY OTHER BIG UNISTUTIONS, ACCORDING TO A REPORT, J.P.
ACCORDING TO A REPORT, J.P. MORGAN IS WORLD’S LARGEST FUNDER
MORGAN IS WORLD’S LARGEST FUNDER OF FOSSIL FUEL COMPANIES, IS
OF FOSSIL FUEL COMPANIES, IS THIS A SMART BE BUSINESS MOVE.
THIS A SMART BE BUSINESS MOVE. >> THIS IS UNFORTUNATE, A
>> THIS IS UNFORTUNATE, A BUSINESS MOVE BROUGHT ABOUT BY
BUSINESS MOVE BROUGHT ABOUT BY POLITICAL CONSIDERATIONS.
POLITICAL CONSIDERATIONS. THE GREENS LOOK FOR ANY
THE GREENS LOOK FOR ANY OPPORTUNITY TO HURT MANKIND,
OPPORTUNITY TO HURT MANKIND, PUTTING POLITICAL PRESSURE, IT
PUTTING POLITICAL PRESSURE, IT MAY NOT BE POPULAR BUT THEY ARE
MAY NOT BE POPULAR BUT THEY ARE PRODUCTIVE FOR MANKIND, THIS
PRODUCTIVE FOR MANKIND, THIS WILL MAKE IF MORE EXPENSIVE TO D
WILL MAKE IF MORE EXPENSIVE TO D OIL, AND AT WORST TIME FOR A LOT
OIL, AND AT WORST TIME FOR A LOT OF COMPANIES CONSIDERS LOW PLACE
OF COMPANIES CONSIDERS LOW PLACE OF OIL.
OF OIL. THIS IS NOT GOING TO HELP.
THIS IS NOT GOING TO HELP. >> OKAY, FIRST, I WILL BE A
>> OKAY, FIRST, I WILL BE A LITTLE BIT MORE SENSE CYNICAL AN
LITTLE BIT MORE SENSE CYNICAL AN IDEALISTIC, COAL IS NOT A
IDEALISTIC, COAL IS NOT A GROWING INDUSTRY.
GROWING INDUSTRY. ARCTIC DRILLS IS NOT THE ONLY
ARCTIC DRILLS IS NOT THE ONLY PLACE TO DRILL FOR OIL AND GAS.
PLACE TO DRILL FOR OIL AND GAS. THEY ARE NOT STOPPING DRILL --
THEY ARE NOT STOPPING DRILL -- FINANCING THE DRILLING FOR OIL
FINANCING THE DRILLING FOR OIL AND GAS, THEY ARE DOING TWO
AND GAS, THEY ARE DOING TWO THINGS, MAYBE JUST MAYBE, THEY
THINGS, MAYBE JUST MAYBE, THEY BELIEVE THIS, THAT THEY SHOULD
BELIEVE THIS, THAT THEY SHOULD NOT BE INVESTING IN SOMETHING
NOT BE INVESTING IN SOMETHING THAT FOULS THE ENVIRONMENT FOR
THAT FOULS THE ENVIRONMENT FOR BEAUTIFUL NATURE.
BEAUTIFUL NATURE. >> WE KNOW JAME DIAMOND LOVES
>> WE KNOW JAME DIAMOND LOVES MAKING MONEY.
MAKING MONEY. AND MAXIMIZING PROFIT, LOOK AT
AND MAXIMIZING PROFIT, LOOK AT ENERGY MARKET AND THE OIL PRICE,
ENERGY MARKET AND THE OIL PRICE, IT IS BREAKING THE 50 DOLLAR
IT IS BREAKING THE 50 DOLLAR MARK, IF ANYTHING THAT NOT ABOVE
MARK, IF ANYTHING THAT NOT ABOVE 65 PER BARREL IS NOT A GOOD
65 PER BARREL IS NOT A GOOD INVESTMENT, FROM INVESTOR PROVE,
INVESTMENT, FROM INVESTOR PROVE, JAMIE DIMON SAYS, LOOKING OUT IN
JAMIE DIMON SAYS, LOOKING OUT IN TERMS OF NEXT 10 TO 20 YEARS,
TERMS OF NEXT 10 TO 20 YEARS, ALLOCATING CAPITAL TO OTHER
ALLOCATING CAPITAL TO OTHER AREAS IS MOST PROFITABLE IN
AREAS IS MOST PROFITABLE IN TERMS OF LOOKING AT RETURN OF
TERMS OF LOOKING AT RETURN OF INVESTMENT.
INVESTMENT. >> I AM NOT ONE TO GIVE JAMIE
>> I AM NOT ONE TO GIVE JAMIE DIMON ADVICE ON HOW TO RUN A
DIMON ADVICE ON HOW TO RUN A BUSINESS, HE IS PRETTY GOOD,
BUSINESS, HE IS PRETTY GOOD, BUT, WHAT BOTHERS ME IS BENDING
BUT, WHAT BOTHERS ME IS BENDING A KNEE TO RAGE MOB, AS A
A KNEE TO RAGE MOB, AS A BUSINESS, IF YOU DO THAT, THAT
BUSINESS, IF YOU DO THAT, THAT IS A SENTENCE FOR DEATH, IT WILL
IS A SENTENCE FOR DEATH, IT WILL NEVER BE GOOD ENOUGH, WON’T YOU
NEVER BE GOOD ENOUGH, WON’T YOU SHOW THEM YOU ARE WILLING TO
SHOW THEM YOU ARE WILLING TO HEED THE CALL OF ONE GROUP, THEN
HEED THE CALL OF ONE GROUP, THEN ANOTHER GROUP WILL COME THEN
ANOTHER GROUP WILL COME THEN ANOTHER, AND SOON YOU WILL NOT
ANOTHER, AND SOON YOU WILL NOT BE ABLE TO DO BUSINESS WITH
BE ABLE TO DO BUSINESS WITH ANYONE.
ANYONE. IF IT IS A BE DECISION --
IF IT IS A BE DECISION -- BUSINESS DECISION THAT FINE.
BUSINESS DECISION THAT FINE. >> THEY SHOULD HAVE JUST STATED
>> THEY SHOULD HAVE JUST STATED THAT.
THAT. >> RESULT OF OUTSIDE PRESSURE.
>> RESULT OF OUTSIDE PRESSURE. DON’T FORGET, UNITED STATES IS
DON’T FORGET, UNITED STATES IS NOT J.P. MORGAN’S ONLY MARKET.
NOT J.P. MORGAN’S ONLY MARKET. PEOPLE TAKE THIS STUFF SERIOUSLY
PEOPLE TAKE THIS STUFF SERIOUSLY IN EUROPE.
IN EUROPE. DAVID: SHOULD
DAVID: SHOULD >> IT SHOULD BE TO ECONOMIC
>> IT SHOULD BE TO ECONOMIC PRESSURE, AND TO YOUR POINT,
PRESSURE, AND TO YOUR POINT, J.P. MORGAN SAYING WE’LL NOT
J.P. MORGAN SAYING WE’LL NOT FUND ANYONE WITHOUT A WOMAN ON
FUND ANYONE WITHOUT A WOMAN ON THE BOARD OR SOMEONE OF A
THE BOARD OR SOMEONE OF A PARTICULAR RACE ON THE BOARD
PARTICULAR RACE ON THE BOARD THAT TOP OF MOB MENTALITY.

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