Riyadh renew warnings over the world economy in Wall Street bankers

CNBC’s Steven Witt talks to Wall Street bankers in Riyadh about global markets, the U.S. Federal Reserve, and what the future holds for markets and the economy.

The banker’s comments came as the Dow Jones Industrial Average hit a new record high on Monday. The index closed at 26,616.74 after rising more than 40 points to start the day.

Henry joined us to discuss the current market conditions, where we are heading, and why structural change will be an important driver of future performance.” “The market is back to a normalized level and it’s not going anywhere but up. We are in a bull market,” he said. “I think that the U.S. economy is doing great, and I think it will continue to do so.”

JPMorgan Chase Chairman and Chief Executive Jamie Dimon said at an investment conference in Riyadh, Saudi Arabia, that he’s concerned about the world economy, but is hopeful that the U.S. financial system is resilient because it’s built to withstand shocks from abroad.