Dimon Says Rates Could Hit 7% & Carl Icahn Didn't See Hindenberg Coming

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Jamie Dimon warns rates could hit 7% as Fed hawks say more hikes are needed (2) Biden and McCarthy say a default is off the table, but fail to agree a deal (3) JPMorgan expects investment banking and market revenue to drop by 15%. (4) Carl Icahn speaks to Bloomberg after a Hindenburg Research report leaves him $15 Billion poorer. See omnystudio.com/listener for privacy information.