Jamie Dimon in Pennsylvania & Rich Kleiman in “Sports Week” 7/15/26

**SPEAKER_1** (0:00)
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**SPEAKER_2** (0:27)
Hey Fidelity, how can I remember to invest every month?

**SPEAKER_3** (0:32)
With the Fidelity app, you can choose a schedule and set up recurring investments in stocks and ETFs.

**SPEAKER_2** (0:39)
That sounds easier than I thought.

**SPEAKER_3** (0:41)
You got this.

**SPEAKER_2** (0:42)
Yeah, I do. Now, where did I put my keys?

**SPEAKER_3** (0:46)
You will find them where you left them.

**Dave McCormick** (0:50)
Investing involves risk, including risk of loss.

**SPEAKER_2** (0:52)
Fidelity Brokerage Services LLC member NYSE SIPC.

**Rich Kleiman** (0:58)
Bring in show music, please.

**Katie Kramer** (1:02)
Hi, I'm CNBC producer Katie Kramer, today on Squawk Pod. JPMorgan CEO Jamie Dimon on his bank's $24 million investment close to home, Pennsylvania's maritime and defense industries.

**Jamie Dimon** (1:16)
And if it's kind of what we call the American dream, getting kids skills or all workers skills that they have jobs that could pay 80, 90, $100,000 a year after, you know, a year or two of training. So this, you know, lifts up the America.

**Katie Kramer** (1:28)
And the politician he's working with.

**Jamie Dimon** (1:30)
David McCormick will be a great president, very capable. I love the fact that him and Senator Federman talk together. That is democracy.

**Katie Kramer** (1:38)
Pennsylvania Senator David McCormick on the convergence of consumer and military tech.

**Dave McCormick** (1:43)
When you think about the compute power that you guys need in the data centers, you think about energy security, you think about drone warfare or robots on the battlefield, all of that's underwritten and underpinned by AI.

**Katie Kramer** (1:55)
Plus the sports business boom of this summer's World Cup with Boardroom founder Rich Kleiman.

**Rich Kleiman** (2:00)
It's truly captured everybody.

**Katie Kramer** (2:03)
The entrepreneur also manages the career of Hoop star Kevin Durant, and he sees soccer's potentially bright future.

**Rich Kleiman** (2:09)
This is the chance at the grassroots level to develop young players and to show young players how big this sport is globally.

**Katie Kramer** (2:19)
It is Wednesday, July 15th, 2026 Squawk Pod begins right now.

**SPEAKER_2** (2:24)
Stand under by in 3, 2, 1 Cue Andrew.

**Andrew Ross Sorkin** (2:30)
Good morning. Welcome to Squawk Box right here on CNBC. We're live at the NASDAQ market site in Times Square. I'm Andrew Ross Sorkin along with Joe Kernen. Becky is on assignment in Omaha. Good morning, Becky. Two hours, the wrong direction in terms of where we are in the morning. So thank you. We're excited to get to that interview that you have with Warren Buffett. The Dow was essentially flat yesterday. That's because the gains by Goldman Sachs offset losses by IBM, which we talked about since that news broke on the broadcast. Goldman up about 9% yesterday, IBM down a whopping 25%.
And then take a look at the energy complex. We'll show you where WTI Crude sits right now, 80 bucks a barrel. You're looking at Brent at 85.41. And then take a look at Treasuries as well. The 10-year note sitting just at about 4.6, the two-year at 4.2. And we've got a huge line up today. JPMorgan CEO Jamie Dimon is going to be with us live with Republican Senator Dave McCormick. Oh, Senator McCormick, yes, of course. He will be joining us in just a little bit.

**Katie Kramer** (3:36)
Good morning, guys.
It's great to see both of you. Good morning. By the way, only one hour difference here. This is all the way on the western end of this time zone, so it's only 5 a.m. here. Not too painful. Pretty good. Gentlemen, we brought you the news.
First up today on the podcast, an interesting pairing. Philadelphia's shipbuilding and maritime manufacturing industries got a $24 million boost thanks to America's largest bank. JPMorgan Chase has made a commitment to lending and financing national security and defense right there. Now, we have two guests, one from the US. Army War College in Carlisle, Pennsylvania, Republican Senator David McCormick, and he's joined by JPMorgan's CEO Jamie Dimon, who sat perched above the Philadelphia Navy Yard. Andrew takes it from here.

**Andrew Ross Sorkin** (4:22)
I'm going to start with you, Jamie, because I know that you're about to announce, well, it's your announcement, so I'll let you do it.