Jamie Dimon says US companies might send employees back to work by 'June, July, August'

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JPMorgan reported Q1 earnings yesterday, and CEO Jamie Dimon weighed in on the impact of the coronavirus crisis and when the economy may reopen. “Hopefully it will be sooner rather than later. But it won’t be May.”

in May, Dimon echoed many of the arguments made by the administration on the subject.

"We shouldn't think of it as a binary thing that after the CDC [gives approval] and we all get instructions from the government, after there's enough capacity in the hospitals, after there's proper amount of testing," only then will people return to work, he said. "Remember, a lot of people are going to work today in farms, factories, food production, retail, pharmacies, hospitals – it isn't like no one is going to work.

He added that by the time companies are given the green light to return employees to work sites, there will hopefully be enough capacity in hospitals so "you're not worried that you can't get every American who does get sick the best possible medical advice." "The turn-on will be regional and by company, all following standards and best health practices," Dimon said. "And in some ways, you need to get that done because the bad economy has very adverse consequences way beyond just the economy in terms of mental health, domestic abuse, substance abuse, etc."

 

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Why not? Mass produce Canada Dry Tonic water!

I bet he didn't miss a paycheck or bonus... Or his healthcare plan, or his 401k, or his pension... He's fine.

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