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2018-10-15 07:53:47 JPM JPMorgan $106.88 / -1.18 (-1.09%) , F Ford $8.65 / -0.16 (-1.82%) … 07:53 10/15/18 10/15 07:53 10/15/18 07:53	Pressure mounts on U.S. firms as JPMorgan, Ford bow out of Saudi event Top executives from BlackRock (BLK) and Blackstone (BX) will no longer attend a Saudi investor conference, joining JPMorgan's (JPM) CEO and Ford's (F) chairman in pulling out of the event following the disappearance of a Saudi journalist. The cancellations could put pressure on other U.S. companies still slated to appear at the summit. JPMORGAN, OTHERS WITHDRAW FROM SAUDI CONFERENCE: JPMorgan CEO Jamie Dimon backed out of plans to attend the Future Investment Initiative conference in Riyadh, which draws business leaders from around the world, following accusations that the Saudi government ordered the killing of journalist Jamal Khashoggi. A spokesman for the bank declined to comment on why Dimon pulled out of the event and whether another executive would go in his place. Dimon had been scheduled to speak at the event on a panel with the managing director of Saudi Arabia's Public Investment Fund, Christine Lagarde, the president of the International Monetary Fund, and other financial services CEOs. Following Dimon's withdrawal, Ford Chairman Bill Ford canceled plans to appear at the Saudi conference. BlackRock CEO Larry Fink and Blackstone CEO Stephen Schwarzman will also no longer appear at the conference, CNBC's Andrew Ross Sorkin reported on Monday. Additionally, major news organizations, including CNN (T), The Financial Times, CNBC (CMCSA), The New York Times (NYT) and Bloomberg have pulled out of the conference, Reuters reported, adding that Fox Business Network (FOXA) is "reviewing that decision." Reuters also said that Viacom (VIAB) CEO Bob Bakish and Uber (UBER) CEO Dara Khosrowshahi are also no longer attending the summit. BACKGROUND: Khashoggi, a U.S. resident and Washington Post reporter critical of Saudi Arabia's government, crown prince Mohammad bin Salman, and the country's king, Salman of Saudi Arabia, was last seen going inside the main entrance of the Saudi Arabian consulate in Istanbul on October 2. According to numerous anonymous police sources, the Turkish police believe that Khashoggi was tortured and killed inside the Saudi consulate in Istanbul. Saudi Arabia has denied that. WHAT'S NOTABLE: The cancellations could put pressure on other U.S. firms planning to attend the summit, including Goldman Sachs (GS), Bank of America (BAC), Mastercard (MA), Citi (C) and Credit Suisse (CS). JPM JPMorgan $106.88 / -1.18 (-1.09%) F Ford $8.65 / -0.16 (-1.82%) BLK BlackRock $427.58 / +9.59 (+2.29%) BX Blackstone $34.87 / +0.28 (+0.81%) T AT&T $32.23 / +0.48 (+1.51%) CMCSA Comcast $34.61 / +0.93 (+2.76%) CMCSK Comcast $0.00 / + (+0.00%) NYT New York Times $24.98 / +0.145 (+0.58%) FOX Fox Corp. $44.94 / +0.15 (+0.33%) FOXA Fox Corp. $45.36 / +0.23 (+0.51%) VIA Via Renewables $34.46 / -0.25 (-0.72%) VIAB VIAB / + UBER Uber $0.00 / + (+0.00%) GS Goldman Sachs $213.91 / +0.93 (+0.44%) BAC Bank of America $28.42 / +0.07 (+0.25%) MA MasterCard $203.96 / +9.59 (+4.93%) C Citi $69.82 / +1.44 (+2.11%) CS Acquired by UBS $13.52 / +0.1 (+0.75%)	15 Oct 15 Oct 16 Oct 17 Oct 19 Oct 21 Oct 22 Oct 24 Oct 24 Oct 25 Oct 26 Oct 30 Oct 06 Nov 12 Nov 13 Nov 14 Nov 13 Dec 14 Jan 26 Feb

2018-10-15 07:53:47

JPM

JPMorgan

$106.88 / -1.18 (-1.09%)

, F

Ford

$8.65 / -0.16 (-1.82%)

… 07:53

10/15/18

10/15

07:53

10/15/18

07:53

Pressure mounts on U.S. firms as JPMorgan, Ford bow out of Saudi event

Top executives from BlackRock (BLK) and Blackstone (BX) will no longer attend a Saudi investor conference, joining JPMorgan's (JPM) CEO and Ford's (F) chairman in pulling out of the event following the disappearance of a Saudi journalist. The cancellations could put pressure on other U.S. companies still slated to appear at the summit. JPMORGAN, OTHERS WITHDRAW FROM SAUDI CONFERENCE: JPMorgan CEO Jamie Dimon backed out of plans to attend the Future Investment Initiative conference in Riyadh, which draws business leaders from around the world, following accusations that the Saudi government ordered the killing of journalist Jamal Khashoggi. A spokesman for the bank declined to comment on why Dimon pulled out of the event and whether another executive would go in his place. Dimon had been scheduled to speak at the event on a panel with the managing director of Saudi Arabia's Public Investment Fund, Christine Lagarde, the president of the International Monetary Fund, and other financial services CEOs. Following Dimon's withdrawal, Ford Chairman Bill Ford canceled plans to appear at the Saudi conference. BlackRock CEO Larry Fink and Blackstone CEO Stephen Schwarzman will also no longer appear at the conference, CNBC's Andrew Ross Sorkin reported on Monday. Additionally, major news organizations, including CNN (T), The Financial Times, CNBC (CMCSA), The New York Times (NYT) and Bloomberg have pulled out of the conference, Reuters reported, adding that Fox Business Network (FOXA) is "reviewing that decision." Reuters also said that Viacom (VIAB) CEO Bob Bakish and Uber (UBER) CEO Dara Khosrowshahi are also no longer attending the summit. BACKGROUND: Khashoggi, a U.S. resident and Washington Post reporter critical of Saudi Arabia's government, crown prince Mohammad bin Salman, and the country's king, Salman of Saudi Arabia, was last seen going inside the main entrance of the Saudi Arabian consulate in Istanbul on October 2. According to numerous anonymous police sources, the Turkish police believe that Khashoggi was tortured and killed inside the Saudi consulate in Istanbul. Saudi Arabia has denied that. WHAT'S NOTABLE: The cancellations could put pressure on other U.S. firms planning to attend the summit, including Goldman Sachs (GS), Bank of America (BAC), Mastercard (MA), Citi (C) and Credit Suisse (CS).

JPM

JPMorgan