TELETRADER News
1/15/2019, 2:29 PM (Source: TeleTrader)
more TeleTrader news

Dimon: Govt. shutdown could decrease growth to zero

JPMorgan Chase Chief Executive Officer Jamie Dimon (pictured) stated on Tuesday that the ongoing United States government shutdown could have significant negative impact on the economy and even reduce the economic growth to zero, media reported. The executive urged the country's leaders to keep a "collaborative tone" in order to maintain the "strong business and consumer sentiment."

"As we head into 2019, we urge our country’s leaders to strike a collaborative, constructive tone, which would reinforce already-strong consumer and business sentiment... Businesses, government and communities need to work together to solve problems and help strengthen the economy for the benefit of everyone," Dimon pointed out.

Meanwhile, JPMorgan posted its quarterly earnings earlier today, announcing a 4% annual revenue growth and a 67% increase in net income. The company's shares plunged 2.85% during the premarket trading.

Breaking the News / SS