JPMorgan Chase Chief Executive Officer Jamie Dimon spoke at the Reagan National Defense Forum, calling out slow bureaucracy in Europe in a warning that a "weak" continent poses a major economic risk to the US.

Simi Valley

JPMorgan CEO Jamie Dimon addressed Europe's current challenges, citing problems such as increased bureaucracy, reduced military spending, and a decline in GDP relative to the United States. He noted that while Europe has achieved significant peace and unity, progress has stalled due to slow decision-making and incomplete economic integration.

Dimon warned that further fragmentation of Europe could benefit global adversaries and negatively impact the United States, given the importance of the transatlantic alliance. He called for the U.S. to use its influence to encourage Europe to strengthen both its military and economic positions.

JPMorgan CEO Dimon says Europe has a 'real problem'

There's a lot of talk of partners and allies, Jamie, and you reference that, you know, this is why Europe got itself into its problems, but also then you're highlighting the strengths they have in their education system. Some of the strengths, yes. Some. Germany, Switzerland, two you called out. What do you think they will have made of the strategic announcement that we just had? The idea that I think civilization erasure was something that was named in the national security strategy published this week. Do you think Europe, from your perspective, wants to work with America right now? I think Europe has a real problem. You know, it's very hard to look at the world and, you know, to have, we have moving tectonic plates. You've seen, you've heard us spoken about. It's AI. The enemy's in the satellite up above and in your computer systems right now, you know. And the world changed. The other tectonic plate is the rise of China, huge global deficits, social network programs that probably can't be maintained over a long period of time. So Europe has a problem. I think they accomplished an unbelievable thing with, when the Euro got together, the EC, and they said, you know, let's live in peace and not war, you know. They had World War I and World War II, but they had the Franco-Prussian Wars and Napoleonic Wars, the Hundred Years War, the War of the Roses, you know. And so living in peace is a good thing, but it got bogged down. They never finished the common market. It takes 27 nations, you know, to make a decision. They let their military drop dramatically. It's very bureaucratic. That's why part of the reason that, you know, they lost Britain to the EU, which I think makes it bad for both of them, by the way. And so you got to be honest about it. So, and those tectonic plates may move over 20 years. But if we ever write a book about how the West was lost, it will be because of the following. It will be because of, we didn't get our act together here, and we go through all the policies here, that we didn't have the strongest military in the world, and that we allowed Europe to fall apart. And so I have a slightly different point of view about Europe. They have some wonderful things, but they've gone from 90% of the GDP of America to 65. That's not because America did anything bad to them. It's their own bureaucracy, their own cost, their own, they do some wonderful things on their safety nets. But they've driven business out, they've driven investment out, they've driven innovation out. It's kind of coming back. I think the leadership, Merz, Macron, Maloney, Starmer, I think they know. I just think politics is really, really hard. Therefore, the fragmentation of Europe, if we, if they fragment, that's exactly what some of our adversaries want. They want to go back to a world like that. And then you kind of a world that was like it was before World War I, everybody out for themselves. Everyone's got different national security interests, whether it's food or energy or water. And, you know, China is a huge country who wants to do bilateral negotiations with every country. If they fragment, you know, then you can say that, you know, that America first will not be around anymore. It will hurt us more than anybody else because they are a major ally in every single way, including common values, which are really important. So, therefore, I think we should be using our American capability, strength, coercion, democracy, trade, investment to urge them to do what's in their own self-interest, which is military and economic, and the economic may be equally, is equally important.

Thailand and Cambodia are blaming one another for starting a deadly exchange of fire that killed at least five people and threatens to unravel a U.S.-backed ceasefire between the neighbouring southeast Asian countries.

Surin

Thailand-Cambodia ceasefire could be unravelling

Paramount Skydance made a hostile takeover bid for Warner Bros. Discovery for $108 billion US just days after Netflix announced it made a $72-billion US deal with the legacy studio. It’s a move that even has U.S. President Donald Trump weighing in.

Hollywood

Paramount launches hostile takeover bid for Warner Bros.

President Trump announced Monday he will allow Nvidia to sell its advanced H200 computer chips to "approved customers" in China, but Mr. Trump said the deal does not include Nvidia's more advanced Blackwell system or its soon-to-be-released Rubin system.

Washington

Trump says he's letting Nvidia sell some AI chips to China

Ukraine's European allies put on a show of support for President Volodymyr Zelensky Monday as they expressed scepticism about parts of the U.S. proposal to end the war with Russia. The discussions came after President Donald Trump accused Zelensky of not reading his administration's proposal on a deal to end Russia's invasion following almost four years of war.

Downing Street

European allies back Zelensky after Trump criticism

A powerful 7.5-magnitude earthquake shook northeastern Japan late on Monday (December 8), prompting orders for about 90,000 residents to evacuate and tsunami warnings that hours later were downgraded to advisories.

Aomori

7.5-magnitude earthquake strikes Japan's northeast

Ukrainian President Volodymyr Zelenskiy said on Monday (December 8) that unity between Europe, Ukraine and the U.S. was important when negotiating an end to Russia's war in Ukraine. He made the remark during a visit to London.

London

Ukraine Invasion

Kyiv stresses European unity as allies 'skeptical' of U.S. peace plan

Ukrainian leader Volodymyr Zelenskyy and European allies prepared to hold talks in London on Monday (December 8), after President Donald Trump accused him of not reading the U.S. proposal to end the war with Russia.

Zelenskyy to meet European allies after Trump criticism

Thailand has launched airstrikes on Cambodian military sites as renewed border violence threatens a U.S.-backed peace deal.

Bangkok

Renewed border violence threatens Thai-Cambodia peace

South African authorities have withdrawn a 90-day visa exemption for Palestinians, saying the recent arrival of a charter flight with 153 people onboard was part of a campaign of “forced migration.”

Johannesburg

Middle East Conflict

South Africa withdraws 90-days visa exemption for Palestinians

Chinese and Japanese ties came under further strain after a Chinese fighter aircraft trained fire-control radar on Japanese military jets for the first time.

Okinawa

Chinese fighter jet locks radar on Japan planes

A military coup declared in Benin on Sunday has failed, the country’s interior minister said, just hours after soldiers took over state television to announce the dissolution of government.

Porto-Novo

Benin coup attempt thwarted by soldiers loyal to Republic

Hong Kong's citizens were voting on Sunday in an election where the focus is on turnout, with residents grieving and traumatized after the city's worst fire in nearly 80 years and the authorities scrambling to avoid a broader public backlash.

Hong Kong Island

Hong Kong holds tightly guarded election amid anger over deadly fire

A U.S. envoy says territorial claims remain a sticking point in a proposed peace deal between Russia and Ukraine. The U.S.-led meetings have ended; meanwhile, Russia launched a massive strike on central Ukraine early Sunday.

Kyiv

U.S.-led peace talks wrap as Russia launches strike on Ukraine

Russia targeted Ukraine's energy infrastructure overnight, meaning another winter of power outages for Ukrainians as Vladimir Putin tries to crush their resolve. Holly Williams reports.

Moscow

Russia targets Ukraine's energy infrastructure

Defense Secretary Pete Hegseth doubled down on U.S. military strikes on alleged drug boats, saying President Trump can take decisive military action as he sees fit. Willie James Inman reports on the latest.

Pete Hegseth on boat strikes: "We will find you and we will sink you"

To crackdown on so-called “narcoterrorists”, the US has slowly but steadily been building up its military presence in the Caribbean. 15,000 troops are now stationed in the area, many in Puerto Rico.

Ponce

U.S boosts military presence in Puerto Rico amid Venezuela tensions

Residents in the Indonesian region of Aceh Tamiang have been struggling to get aid while mourning the loss of their loved ones, as the death toll from floods and landslides that hit Sumatra island this month rose to more than 900 people.

Jakarta

Indonesian families mourn loved ones as flood deaths pass 900

Ukrainian President Volodymyr Zelenskiy said on Saturday that he had had a long and "substantive" phone call with U.S. President Donald Trump's special envoy Steve Witkoff and Trump's son-in-law Jared Kushner.

Zelenskyy says he had 'substantive' phone call with U.S's Witkoff

Netflix is set to buy Warner Bros. in a deal valued at $72 billion, but the announcement has sparked concern among industry workers.

Netflix acquisition of Warner Bros. sparks industry concern

The man suspected of placing pipe bombs around Washington, D.C., on Jan. 5, 2021, had his first court appearance on Friday after he was arrested Thursday following a five-year manhunt. A judge ordered the suspect to remain in jail pending future hearings.

Judge orders D.C pipe bomb suspect to remain in jail

A 22-year-old woman who says she was born and raised in the United States tells "CBS Saturday Morning" about being chased down the street by U.S. Customs and Border Protection agents as the Trump administration's New Orleans immigration crackdown ramps up.

New Orleans

ICE crackdown in New Orleans ramps up

One of the world's most influential architects Frank Gehry has died at the age of 96. Known for his whimsical, unpredictable style, he rose to fame with his titanium design for the Guggenheim Museum in Bilbao.

Bilbao

Influential architect Frank Gehry dies, 96

At least eleven people are dead after a mass shooting at a shebeen (an unlicensed bar), in Saulsville, a township just west of South Africa's administrative capital Pretoria.

Saulsville

Several killed in mass shooting west of South Africa's capital

The United States is warning its NATO allies that Europe must take on more of its own defence, and fast. According to an exclusive Reuters report, the Pentagon has set an ambitious 2027 deadline for European nations to assume most of the alliance’s conventional military capabilities.

U.S. threatens NATO withdrawal if Europe doesn't take lead by 2027

The U.S. Supreme Court has agreed to decide the legality of President Donald Trump's directive to restrict birthright citizenship in the United States, a contentious part of his efforts to curb immigration and a step that would alter how a 19th century constitutional provision has long been understood.

U.S. Supreme Court takes up birthright citizenship case

The Centers for Disease Control and Prevention's vaccine advisory panel voted to change the recommendation for when children should get their first dose of the hepatitis B vaccine. Meg Oliver has more.

Shift in decades-long guidance on hepatitis B vaccine

Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia.

Delhi

Russia-India sign trade agreements despite pressure from the West

It's a deal described as the beginning of a new path to peace. Leaders from Rwanda and the Democratic Republic of Congo have signed an agreement aiming to end the long-running conflict in eastern DRC. U.S. President Donald Trump hosted the leaders in Washington, DC.

DR Congo-Rwanda peace deal: Leaders sign accord alongside U.S.

The Pentagon announced another strike against an alleged drug-carrying boat in the eastern Pacific Ocean. This comes as lawmakers react to a classified briefing on the controversial Sept. 2 strikes targeting a vessel near Venezuela.

Pentagon announces new boat strike

New evidence was presented in court in connection with the case against Luigi Mangione, the man accused of shooting UnitedHealthcare CEO Brian Thompson. CBS News' Katrina Kaufman reports.

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