CNBC's Leslie Picker joins 'Money Movers' with the latest details on J.P. Morgan's new investment push around U.S. national security.

J.P. Morgan has unveiled a decade-long initiative aimed at investing in sectors considered vital to U.S. national security. The plan involves up to $10 billion in direct equity and venture investments, targeting areas such as supply chain and advanced manufacturing, defense and aerospace, energy independence, and strategic technologies. The initiative is described as an internal, commercially-driven effort rather than a government-led or philanthropic project.

In addition to the direct investments, J.P. Morgan is increasing its financing target in these sectors by 50 percent, bringing the total to $1.5 trillion over ten years. While the focus is on American interests, the company indicated it may also consider global opportunities that align with these priorities. Executives emphasized that the initiative builds on existing investment plans and reflects a broader trend of private sector engagement in strategic industries.

J.P. Morgan announces decade-long initiative in national security

Turn to a big investment from JPMorgan, focusing on companies it considers crucial to U.S. interests. Leslie Picker is with us now and has more on where that money could end up. Leslie. Hey, Mike. Yeah, I just got off a wide-ranging media call between Chairman and CEO Jamie Dimon alongside executives Mary Erdos and Doug Pentnow. The company planning a decade-long initiative around national security, including as much as $10 billion worth of direct equity and venture investments. They will focus on four key areas, including supply chain and advanced manufacturing, defense and aerospace, energy independence and strategic technologies. Now, as you can imagine, there were several questions about whether they discuss this initiative with the administration and whether they plan to co-invest with the administration and has now taken its own stakes in Intel and MP materials and has pledged others. Dimon said he hasn't spoken with anyone in the government about this yet, but said hypothetically investing alongside could happen. Co-invest implies, you know, side by side, equal everything. I don't think that's the case with the government. When we invest in a company, the government is doing something that's possible. It depends what the circumstances are. They are thinking very creatively how to solve some of these problems. However, JPMorgan executives said that the initiative is an internal one and not led by the government. Petno, the co-CEO of the Commercial and Investment Bank, said he expects investments to be demand driven and doesn't think they'll need to chase opportunities. I asked whether they'd bump up the target size for these investments, and Erdo said they'll review it as time passes. The firm is also bumping up its financing target in this category by 50 percent to one and a half trillion dollars over a 10 year time frame. Diamond said the initiative is, quote, 100 percent commercial and not philanthropy, guys. So Leslie, I'm just looking at the scale of things here. So JPMorgan is like an 800 billion dollar market cap company. So 10 billion dollar investment, you know, kind of along the side, very manageable. It's got four and a half trillion in assets, that's loans and everything else. And so a trillion and a half over this decade or whatever it's going to be, I guess there's an opportunity to essentially re-categorize loans and things you'd be doing otherwise as in the national interest to reach that number. I'm not sure if they got questions about how much of this is going to be incremental or not. Yeah, they definitely got those questions. And they said, you know, from kind of a regulatory and a risk standpoint, they're not putting it in a separate bucket per se. It's something, yes, they've already had that one trillion dollar target that they had planned to invest in these categories kind of before today's announcement. Today's announcement essentially bumps that up by 500 billion. But to your point, one and a half trillion dollars relative to a four and a half trillion dollar balance sheet, especially when kind of annualized over a 10 year time frame. You know, it's not as much as it may sound kind of at the headline. But to your point, it's something that, yes, it's a smart business decision. These are areas that are growing anyway. And I also asked them whether if they had demand per se for financing or from an investment standpoint in areas outside of the U.S., if they would consider them as well and kind of how they think about that. And they said that basically, yes, as long as it furthers American interests, they didn't isolate these decisions just to U.S. companies, that they do see it as global, though they will be focusing kind of on America and American interests. I think it's part of a trend. I mean, this is why we're doing an event to invest in America on Wednesday. It's part of this trend of companies being more patriotic and investing more in the in the economy, but also in strategic interests that help America, like defense and energy independence and artificial intelligence. Just just the latest in a series of moves like this. Leslie, thank you.

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