Neal Freiman

Meanwhile, Wells' average annual deposits, because it couldn't grow them, were just up 5% over that same timeframe. Remember, this was when the Fed issued unprecedented amount of stimulus. We'll be right back. were about the same as what JP Morgan earned from those same businesses in just the fourth quarter alone.

So it's got some catching up to do, but it does seem like in a prime position to be now one of the more profitable banks on Wall Street now that it has its ducks in order.

So it's got some catching up to do, but it does seem like in a prime position to be now one of the more profitable banks on Wall Street now that it has its ducks in order.

So it's got some catching up to do, but it does seem like in a prime position to be now one of the more profitable banks on Wall Street now that it has its ducks in order.

And the prognosis looks pretty good if you listen to Jamie Dimon, who's the JP Morgan CEO. He actually handpicked the Wells Fargo CEO, Charlie Scharf, out of college to be his protege. He worked with Diamond to build what is now the modern JP Morgan, the biggest bank in the world. Charlie Scharf then went to Visa, where he doubled that stock price in four years. Then he went to BNY Mellon.

And the prognosis looks pretty good if you listen to Jamie Dimon, who's the JP Morgan CEO. He actually handpicked the Wells Fargo CEO, Charlie Scharf, out of college to be his protege. He worked with Diamond to build what is now the modern JP Morgan, the biggest bank in the world. Charlie Scharf then went to Visa, where he doubled that stock price in four years. Then he went to BNY Mellon.

And the prognosis looks pretty good if you listen to Jamie Dimon, who's the JP Morgan CEO. He actually handpicked the Wells Fargo CEO, Charlie Scharf, out of college to be his protege. He worked with Diamond to build what is now the modern JP Morgan, the biggest bank in the world. Charlie Scharf then went to Visa, where he doubled that stock price in four years. Then he went to BNY Mellon.

And then he went to Wells Fargo for this cleanup job. So he has been in the background, perhaps, of Wall Street CEOs just because he's been mopping the floors for seven years. Now he's ready to hit the stage. He's 60. And Jamie Dimon said, I'm very bullish on Wells Fargo. This is not only good for Wells Fargo, but for the industry overall. But you have to think in the back of his mind.

And then he went to Wells Fargo for this cleanup job. So he has been in the background, perhaps, of Wall Street CEOs just because he's been mopping the floors for seven years. Now he's ready to hit the stage. He's 60. And Jamie Dimon said, I'm very bullish on Wells Fargo. This is not only good for Wells Fargo, but for the industry overall. But you have to think in the back of his mind.

And then he went to Wells Fargo for this cleanup job. So he has been in the background, perhaps, of Wall Street CEOs just because he's been mopping the floors for seven years. Now he's ready to hit the stage. He's 60. And Jamie Dimon said, I'm very bullish on Wells Fargo. This is not only good for Wells Fargo, but for the industry overall. But you have to think in the back of his mind.

He's saying, well, we have a serious competitor now to deal with.

He's saying, well, we have a serious competitor now to deal with.

He's saying, well, we have a serious competitor now to deal with.

Moving on, honk if you need rare earth minerals. Global automakers are leaning on their horns to get anyone to pay attention to an impending crisis. They're going to have to pause production at plants in the coming days and weeks because they're running out of the magnets made by rare earth minerals necessary to make cars.

Moving on, honk if you need rare earth minerals. Global automakers are leaning on their horns to get anyone to pay attention to an impending crisis. They're going to have to pause production at plants in the coming days and weeks because they're running out of the magnets made by rare earth minerals necessary to make cars.

Moving on, honk if you need rare earth minerals. Global automakers are leaning on their horns to get anyone to pay attention to an impending crisis. They're going to have to pause production at plants in the coming days and weeks because they're running out of the magnets made by rare earth minerals necessary to make cars.

This impending manufacturing catastrophe began back in April, when China halted exports of rare earth magnets, a key input for literally every piece of advanced electronics in the world, cars, planes, cell phones, robots, data centers, weapons. If it has a motor, generator, or sensor, it requires a magnet made by rare earth minerals.

This impending manufacturing catastrophe began back in April, when China halted exports of rare earth magnets, a key input for literally every piece of advanced electronics in the world, cars, planes, cell phones, robots, data centers, weapons. If it has a motor, generator, or sensor, it requires a magnet made by rare earth minerals.

This impending manufacturing catastrophe began back in April, when China halted exports of rare earth magnets, a key input for literally every piece of advanced electronics in the world, cars, planes, cell phones, robots, data centers, weapons. If it has a motor, generator, or sensor, it requires a magnet made by rare earth minerals.

The problem is that China has a stranglehold on these components, controlling more than 90% of the market, and the Chinese stopped shipping those internationally two months ago, reportedly in retaliation for Trump's tariffs. Now, companies' stockpiles are dwindling, and without new supply, they say they're going to have to shut down factories imminently.