Why Jamie Dimon Says Private Credit Is Dangerous But Still Invests in It

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• 00:03

  President Trump raises pressure on Russia with a 100% tariff threat and a weapons deal for Ukraine.

• 00:10

  Plus, battling tariff cheaters turns into a new front in Trump's trade war.

• 00:14

  The Justice Department has said that it plans to prioritize tariff and customs cases.

• 00:20

  And this is brand new.

• 00:22

  We haven't seen this before in terms of this being a white collar priority for the Justice Department.

• 00:27

  and why Jamie Dimon is warning that Wall Street's hottest trend is a recipe for a financial crisis.

• 00:33

  It's Monday, July 14th.

• 00:35

  I'm Alex Osilev for The Wall Street Journal.

• 00:37

  This is the PM edition of What's News,

• 00:40

  the top headlines and business stories that move the world today.

• 00:46

  President Trump has threatened to increase economic pressure on Moscow

• 00:49

  if there's no peace deal with Ukraine in 50 days,

• 00:53

  underscoring his growing anger with Russian President Vladimir Putin.

• 00:57

  Speaking from the White House during a meeting with NATO Secretary General Mark Rutte,

• 01:01

  Trump said, We are very unhappy, I am, with Russia.

• 01:06

  But we'll discuss that maybe a different day.

• 01:10

  But we're very, very unhappy with them.

• 01:11

  And we're going to be doing very severe tariffs if we don't have a deal in 50 days.

• 01:19

  Tariffs at about 100%.

• 01:20

  Call them secondary tariffs.

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