do you ever have too much jamie dimon? melissa: all right.wo very favorable calls yesterday on jpmorgan chase and bank chairman and ceo jamie dimon. both bank of america, merrill lynch and oppenheimer say jpmorgan should outperform its pierce in the next few years. piers. generous of them since they're one of them. there are tighter calls for regulation on the industry and much discussion abouu the idea of breaking up the big banks. here to talk about all of that and forecast what jpmorgan's own data indicate where the next rebound will be is jamie dimon, chairman and ceo of jpmorgan. along with chase executives, you remember them, ryan mcinerney and chase summers. thanks for being here. >> good to be here. melissa: are you having a good time on bus tour. >> we love the bus tour. we thank them for what they do. it makes us all proud of our people and our country. travel around get out of washington and new york it is an amazing country. >> speaking of washington there is lot of nonsense going on with the sequestration. seems like we're a mill

and jamie dimon is the chair. he sit at the head of the table, i would think, or whatever the chair sits. he is running that meeting. >> you know, jamie dimon is in charge of the board setting his compensation. >> when you argue with goldman sachs about the issue, they bow to pressure from your organization and put in a lead director and you seem satisfied with that at the time. so why isn't that satisfied by j.p. morgan? >> we were satisfied as an interim measure and we need the large financial institutions that wrecked our economy to do better. >> are you going to continue with j.p. morgan or -- >> there are other share holders who have taken up that mantle this year. >> do you have any empirical evidence that a bank is safer with a different ceo and chairman. >> separate chairman/ceo is standard practice. it is only in the united states where that is not the norm. >> i would say there are bank fail urts all over the world that we've seen, where they had separate chairman and ceos. okay. >> also, sony's bank fai

last month, dimon's compensation was cut in half. we reached jp morgan chase, but a spokesman declined comment. banks for a while have been criticized for not lending, but that's changing. commercial loans to business were up 16% in 2012. banks are benefitting from a lot of cash on hand. deposits have surged to $9 trillion, up 29% since 2008. in our cover story, it has been ten years since fire killed a hundred people and injured hundreds more at a rhode island night club, the tragedy made worse, many believe, because the building did not have automatic fire sprinklers. yet even after ten years of trying, the push for more sprinklers has been largely unsuccessful. it resumes next week in congress. when fire erupted at the station, a nightclub in west warwick, rhode island, rob feeney thought there were sprinklers. "i was talking with my fiance when the fire broke out and i said, 'don't worry, sprinklers will put this out.' i just assumed they were there. but they weren't. you think you're going to be safe." feeney's fiance, donna mit

you can pick up the phone and have the direct dial to jamie dimon, i'm sure.d that conversation? >> they weren't interesting in entertaining the proposal so we have to go the shareholder route at the annual board meeting. >> jumping in here mandy drury from the mother ship. if i were the shareholder in swr pm, what would a potential split like that mean for me? would it actually benefit me? >> we believe so. we believe that stronger corporate governance is best for the long-term share value, and it could -- it could possibly prevent a kind of loss like what we saw with the london whale. $6 billion is a lot. even at the beginning of it, when it first came to light, the -- jamie in this case characterize it had as a $2 billion loss and originally called it a teachest in a teapot. obviously there are -- there are different objectives that management and investors have. the board represents investors. those interests are not always aligned with management which is why, again, it should not be the same person overseeing the board that oversees the chief executive.

jamie dimon is speaking at this time.third of 1%, and investing day and they will get the headline for that. the bank is edging lower where the banking index is higher. they are looking to cut over $1 billion and they have announced that they are going to cut up to 4000 jobs this year, mostly through attrition's in the retail banking. they are doing some refinancing in 2013, that is what we are looking out for jpmorgan. cutting jobs, and that will keep you abreast of what jamie dimon himself is saying today. tracy: coming up on thursday, melissa francis will have an exclusive interview with the chairman and ceo straight from austin texas. ashley: the big midwest getting hit with another big heavy snow. and we will tell you why inflation could hit coming up next. tracy: here is look at the winners and losers on the nasdaq today as we head out to break. we will be right back at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you

>> princess, jpmorgan, jamie dimon, up or down?son. >> just said yes, keep them both. >> wagging his tail. richard branson disagree with melissa mayer's telecommuting. jane, i wonder what you think working from home? >> well, you know, i have actually been trying to work from home this morning and i haven't gotten a lot done. that's what i basically do at the office, too. so i would say while this is fantastic, it would take a little practice for me to become productive at it. i don't know. there's too many distractions. >> depends on the company, depends on the role, cindy. i've got no problem with it as a concept. i see where you lose some of the carbonation when working at home. >> look, tyler, i'm not trying to say i'm more productive than jane or the quality of my work is superior because i'm in the office, i think once in a while it's not a bad idea. i'm jealous of her today. >> mark zuckerberg's facebook gives employees $4,000, baby cash when they have a child. it's not to pay for daycare or anything like it, just $4,000. mo

the insiders from jamie dimon to sharon aderson. the story of risk and reward you don't want to miss. first, our top story, pull back or push higher, it is the question every investor is trying to answer today with the dow after it reached 14,000 for first time since 2007. we're trading the action today with steve weiss, stephanie link and simon baker. what is it, pullback or push higher? >> what i'm doing is you take a look at your portfolio, say how much beta exposure do i actually have? i think you want to reduce the exposure to beta now. remain long in the marketplace, but own some of the large megacap type holdings. that gives you the ability to reduce some of your risk, rather, and for my final trade, a megacap name that will beat strongly to the upside. >> where do we go from here? >> the market always has to correct at some point. i'm not sure we can go through quite a correction. i think we have 2%, 3% down as we said before. we never know what the reason is going to be, which is what the surprise is. so we got it through e

you can bet if jamie dimon is thinking about that.he more than 300 billion, the irs refund could be delayed because of sequestration. of the budget cuts forced the agency to furlough workers off. what does this mean for your tax refund? ceo and president joining me now in a fox business exclusive from seattle. let's bought teeseven stock first to people about what you do that would maybe help them avoid not getting a refund check. >> good afternoon. thanks for having me on. a leading provider of do-it-yourself tax software, tax preparation solutions for consumers and paid professionals. this year all eyes are on some of the changing rules that came out of the fiscal cliff deliberations at the end of last year and led into early 13. now we have, yet again, the prospect of delayed refunds and things like that. as it relates to sequestration. and so doing what it does every season, which is really emphasized education and content and support and great technology and a great user experience to help our filers and prospective knew filers,

and while blankfein took home nearly double, jamie dimon too many home half of what he took home lasts a result of a botched credits dierivative. a record year for the bank up 16%, the stock up nearly 30% there, but that still hasn't shopped shareholders from raising fists about the chairman role getting split for dimon. just today a bunch of pensions coming out and saying they'd like to see that role split, that's going to go in the company's proxy. >> you used the word penance, i think that's a important word here. this business about splitting up the chairman and ceo and knocking his total compensation down because of the incident in london, how much penance -- how much are they going to stay after him? how much trouble is he in at jpmorgan? >> i don't think much, larry. as long as the bank continues to post record profits, which it has. in the second quarter when that trade first started losing money in the third quarter, each one a record of the last one. the board cut the pay as a symbol to the market that was what they were symbolically going to do. you can't penalize an execut

i think key here is that it puts him in line with the likes of a jamie dimon. do you think that he's worth every penny as jamie dimon is? >> well, you can't ask me that. i'd say no -- >> separate your feelings. >> i think -- it doesn't really move the needle for me in the story at all. at all. unless he were just a wildly different compensation scream than this, doesn't matter to the story to me. >> let's continue to discuss stocks here. stocks hitting fresh five-year highs. is it time to take profits? joining me now is john stolsis. you made the point there are eight trading sessions, seven until sequestration and we could hit some speed bumps at this point. what kind of speed bumps are we talking about? >> i think what we're looking at is probably a lot of it will be rhetoric out of washington, d.c. both sides of the aisle have significant con stitch when sips that need to be paid homage to, but ultimately what we think is, we're going to get a deal. either a cliff hanger like with the fiscal cliff or we actually go through the date and then within 24 hours w

on "money," the man, himself, jamie dimon has an exclusive interview. that's later.ack to you. >> brave man, jamie dimon sitting with you, melissa. work forward that. thank you. as we do every 15 minutes, checking the markets. nicole another the nysc. you're watching the retailers. >> ashley, yes. look at a couple retailers, starting with jcpenney, up off the earlier lows of the day; however, you can still see that a disastrous quarter causes an atrocious stock move for shareholders today, who i'm sure are not pleased that are 14% drop for jcpenney, which already has been struggling over the last 52 weeks, down nearly 50%. they orvel have been working -- obviously worked hard on changing their plans and presenting the store to the promotions they have taken away and reinstated with ron johnson. that's something they continue to watch. gap on the move. the company reports after the bell today. gap, old navy, banana republic, up 2%. unlike jcpenney, it's actually a winner over the last 52 weeks, up 40%. analysts looking for them to post revenuings of 4 #.6 billion. bac

the mythology of jamie dimon should be ripped apart.eople should know the truth about jpmorgan. >> tonight we learn the banking industry recorded its highest earnings since before the financial crisis. wall street bonuses are also up, yet the middle class still feeling the pinch in this country in a big, big way. what is the solution? >> well, look, the solution is that since 1975, median family income has been flat. wages have been flat because we have permitted the tax burden to shift to the middle class and the poor, and we have exempted the wealthy. we have broken down union rules that permitted unions to organize. we have also had technology and globalization, two things we can't repeal and shouldn't repeal. but we need social policies that begin to help the middle class, which means changes in tax policy, rules relating to organization. >> governor spitzer, good to have you with us on "the ed show" tonight. come back. >> i. >> thank you so much. >>> up next, the south wants the federal government to stop meddling in their election

jamie dimon getting roughed up.ohn lew leading the charge for an independent chairman. he joins us to explain why later on the "closing bell." >> and mandy. >> yes. >> have you ever wanted to dress like cliff claven or neuman? the post office is giving its stamp of approval to a new fashion line to help fix its bottom line. that's coming up. can't wait. you're watching cnbc, first in business worldwide. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. which is...pretty much what we've always stood for. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for m

. >> jamie dimon said that's the plan, we'll raise the diffidents so he shuttinged the buyback mightsmaller than a year ago. fred, break it down for us. what do you like in terms of the bank stocks, and what do you want to avoid here? >> the ones from the beginning of the story, never will they get back to the pre-peaks. the reason why we won't get to the pre-peaks is the big issuance during the crisis. what do we have the best outlook for and that's restructuring. going forward that's citigroup. our number one pick in that space. looking away, this interest rates environment is tough on earnings. at anton say, looking for capital higher rates. we'll bev it there. thanks for having you on the prom. bank stocks long a lowered for this market. see if they take the lead once again in this bull market. a lot more headed your way on this special dow 14,000. bahl and he's up next exclusively with me. >>> and is this the start of a long bull market? john bolinger weighs in to check out the charts and tell us what he sees. back in a moment. tdd# 1-800-345-2550 you should've seen me today. td

>> jamie dimon is obviously under fire after last year's mistake on the whale trade. i think j.p.is a cheap stock. it is run quite a bit. i would take some gains off the table here. >> i will take the other side. i think j.p. morgan goes north of 50. i own it and i think financial is a place you want to be. >> and jamie dimon is a guy i would hitch my wagon to any day of the week. he has dawn good job. these things will happen anywhere and he navigated through it well. >> navigating trades on four stocks that lit up my twitter feed. dick's, exxonmobil, cit i and sodastream. >> you look at underfl armor, nike, and you look at the stock and it can go mobile. >> going domestically with shale gas in canada, you will see lng skpor tags and they will be a leading player. >> what is up with sodastream? >> it rallies into the number but it looks like a great growth story for 2013. i like the stock. >> what's the scoop on citi? >> same story there. citi has a massive unlocked amount of value if they decide to break up and financials have been leading and will be leading. stay long but have

yeah, dimon just finishing moments ago to cap off the end of jpmorgan's annual investor day.of the questions that inevitably he fielded this afternoon was about the possibility of splitting the chairman of role and ceo, a call that came from some pensions that are shareholders in jpmorgan. he cited various reasons why that was not the answer for the company saying the board has full flexibility and six out of his 11 bom board members can fire him at any time and cited a study that said companies that do have the role split will do worse and a ceo at the end. day nodes to be able to set broad strategy goals for a conditions and can you only do that as chairman and ceo as well. now, he also made some comments about fiscal policy on the back of ben bernanke's testimony today and said rates will go higher but hopes that it happens sooner rather than later because the later that it happens likelier it is that rates will be rising going into a recession and that, he says, is the worst thing that can happen, though jpmorgan he says remains hedged there. i want to finish talking abou

while karen is cheating on jamie dimon. first, let's get to our top four trades. pete? >> ups. i was focusing on them for multiple reasons. that tnt deal for tnt express over in europe, obviously $7 billion is now back to ups. they are going to have to use that in different ways. the dividend, the other share buy-bayi buy-backs. it's pulled back slightly since that time. but this remains a very, very interesting stock. and today, the options got even more interesting. seller of april calls, buyer of the july upside calls. this is that roll from one out to the other, looking for a little bit of time but more upside to happen. >> and grasso, you were watching levels on the s&p 500, the biggest decline so far this year. >> right. you look at the weekly level. you have to look at the weekly low from last week. 1496. closed right below that. we haven't seen that low breach. most of the guys looking at the high fliers, i'm look google, amazon, apple. once you see the overall market start to tick in, those are the most susceptible. i'm long all three. looking forward to the rest of th

morgan's jaime dimon says that the banks will have too much capital in about two- and-a-half years. is it time for investors to bulk up on those banks? > > i do. i think so. they have gotten beaten up, and j.p. morgan is one of my favorites. i think people are starting to sell it because mortgage activity has gone flat. capital market activity hasn't been as good as expected, but long- term, it is a very, very good fundamental buy. > we are getting to the end of the month. what are you looking for from the jobs number? > > i am thinking the jobs number is going to be right at consensus, and that is going to be good, because that means we are making baby steps toward the recovery, although the unemployment rate will remain unchanged. > thank you larry. > > thank you. it's baaack. the volatility dragon has awakened from its slumber just a week ago. what woke it and how long will it breathe fire is the subject of our cover story. the dow plunged 154 points monday during the last hour of trading, while the volatility index at the chicago board options exchange shot to 19 for the first t

eastern time, jamie dimon, the man himself, sits down with an exclusive interview. it's a busy day. >> when you say "no holds barred," that applies to him more than any other ceo in the country. >> absolutely right. dagen: thank you very much, melissa francis, from austin. connell: before we get back to the sequesteration talk, nicole for stocks now. jcpenney, a big disappointment. >> there was a crowd around the post this morningment look at where the stock is now, down nearly 18% for jcpenney. it remains to the downside, had a sharp drop in sales, sharpest drop seen since announcing the transformation plan 13 months ago. sales numbers are disappointing, had to do all kinds of things such as mark downs in the holidays, trying to get rid of the inventory. jcpenney continues to struggle and fight and get customers in there, and ron johnson came in to turn it around, and, yet, it's not working that well. it's down 50% thing around and get it is not working that well. we have seen it down 60% over the last year or so. connell: just a minute ago or so you heard from spe

take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you remember at credit suisse he was caught doing laddering in the i.p.o. market committing fraud and the jury said well you're crimes are too complicated so we're going to let you get a walk so the lesson is if you're going to be a criminal make sure your crimes are too complicated for the average drug addled moron jury in america to understand if you just omit don't it you know get free and say it's too complicated the crimes are complicated you can understand it have another have another side of it and now finally along this you know why it's important to prosecute these guys how apples fall hit bondholders to imagine y

take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me to frank quattrone defense if you remember at credit suisse he was caught doing laddering in the i.p.o. market committing fraud and the jury said way of crimes are too complicated so we're going to let you get a walk so the lesson is if you're going to be a criminal make sure your crimes are cut too complicated for the average drug addled moron jury in america to understand if you just omit don't it you know you'll get free and say it's too complicated the crime to look at it you can understand it have another have another sedative and now finally along this you know why it's important to prosecute these guys how apples fall hit bondholders to imagine your

did send me this image and this is jamie dimon what he really looks like her she is a filter instagram filter that shows the true nature of the subject oh absolutely in a war setting the corpses stink and they rot and you can smell them but here in the financial war banks like ages b.c. lloyds barclays royal bank of scotland they're they're run by zombies they're dead they're rotting but you don't smell it because the the rotting banking system doesn't doesn't emit an odor. such so people are not aware that they're walking amongst the dead the british pound is a zombie currency and the british bankers are all necrophiliac loving the zombie bankers and banks stirrers and this is what we do we report on it we're on the front lines exactly but i think there is an awful stench we all did smell it in two thousand and seven and two thousand and eight people were panicked people. scared people that was this because of the stench of the banking system but people are used to it now and they just think oh well you know my horsemeat burger and they move on but you know four hundred episodes in to

take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you remember at credit suisse he was caught doing laddering in the i.p.o. market committing fraud and the jury said way of crimes are too complicated so we're going to let you get a walk so the lesson is if you're going to be a criminal make sure your crimes are too complicated for the average drug addled moron jury in america to understand if you just omit don't it you know get free and say it's too complicated the crimes that they're going to look at if you can understand it have another another sedative and now finally along this you know why it's important to prosecute these guys how apples fall hit bondholders to imag

take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you remember at credit suisse he was caught doing laddering in the i.p.o. market committing fraud and the jury said well you're crimes are too complicated so we're going to let you get a walk so the lesson is if you're going to be a criminal make sure your crimes are too complicated for the average drug addled moron jury in america to understand if you just omit don't it you know get free and say it's too complicated the crime to look at it you can understand it i have another have another sedative and now finally along this you know why it's important to prosecute these guys how apples fall hit bondholders to imagine your

take down the whole mafia in new york for the same reason that you never get the top guy the jamie dimon lloyd blankfein saying commit the fraud so you've got to infiltrate the organization why don't you send one of these you know banks to loving d.o.j. guys to pose as a bank so they already look like one go in there and pretend to be a banker and get them all committing the crimes well they're all invested in fraud but this reminds me of the frank quattrone defense if you remember at credit suisse he was caught doing laddering in the i.p.o. market committing fraud and the jury said well you're crimes are too complicated so we're going to let you get a walk so the lesson is if you're going to be a criminal make sure your crimes are too complicated for the average drug addled moron jury in america to understand if you just omit don't it you know get free and say it's too complicated the crimes are complicated you can understand it i have another have another sedative and i'll finally along this you know why it's important to prosecute these guys how apples fall hit bondholders to imagine

did send me this image and this is jamie dimon what he really looks like her she is a filter instagram filter that shows the true nature of the subject oh absolutely in a war setting the corpses stink and they rot and you can smell them but here in the financial war banks like ages b.c. lloyds barclays royal bank of scotland they're they're run by zombies they're dead they're rotting but you don't smell it because the the rotting banking system doesn't doesn't emit in order as such so people are not aware that they're walking amongst the dead the british pound is a zombie currency and the british bankers are all necrophiliac loving the zombie bankers and banks and this is what we do we report on it we're on the front lines exactly but i think there is an awful stench we all did smell it in two thousand and seven and two thousand and eight people were panicked people. scared people that was this because of the stench of the banking system but people are used to it now and they just think oh well you know my horsemeat burger and they move on but you know four hundred episodes in to the k

did send me this image and this is jamie dimon what he really looks like her she is a filter instagram filter that shows the true nature of the subject oh absolutely in a war setting the corpses stink and they rot and you can smell them but here in the financial war banks like ages b.c. lloyds barkley's royal bank of scotland they're they're run by zombies they're dead they're rotting but you don't smell it because the the rotting banking system doesn't doesn't emit an odor. such so people are not aware that they're walking amongst the dead the british pound is a zombie currency and the british bankers are all necrophiliac loving the zombie bankers and banks stirrers and this is what we do we report on it we're on the front lines exactly but i think there is an awful stench we all did smell it in two thousand and seven and two thousand and eight people were panicked people. scared people that was this because of the stench of the banking system but people are used to it now and they just think oh well you know my horsemeat burger and they move on but you know four hundred episodes in t

liz: jamie dimon said, quote, housing is totally back, and gold mapp sachs feels the same thing thatt's strong. you can't outsource housing, has to be done here in the u.s.. >> caller: yeah. liz: clearly, do you feel the same way? >> caller: it's true. housing, people say, well, construction workers are 4% of the labor force, but it's beyond that. you just named it, whether it's in paint, brick, or carpet, people -- those are not construction workers, but they are activity in those fields that feeds off construction so i think construction coming back is a very important force in the economy. liz: how is your railroad looking? i look at that also sending a signal about a strengthen the economy. how are the cargo loads? the shipping loads? >> last week, carried 195,000 -- they call it units, but it's 195,000-plus, and that was up a fair percentage over the year before. there, again, the gains, the gains keep coming. we're not back to the peak buyout by a long shot, but they keep comes pretty consistently since the late summer of 2009. we had a rather consistent, but not robust recover

dimon collins is keeping an eye on the bill and joins us with more. >> some gun rights supporters believe the changes make the bill better, but they still consider it bad legislations. >> the fine an assault weapon. >> then a discussion lasted nearly five hours. just before midnight, and after making several changes, they voted 7-4 in order to send it. >> there are a lot of things i do not like. i do not want to make criminals out of law abiding citizens. >> i think we came up with an excellent product. can it be improved? yes. >> one change to the bill may have prevented the university of maryland resident from shooting a two roommates. he was committed to a private psychiatric facility and was able to purchase guns. the bill proposes a new one involuntarily committed to a public or private medical health facility is prohibited from buying a gun. it reduces the fee from $100 to $50 and the renewal. the renewal time frame went from five years to 10. the required eight hours has been reduced to four. maryland state police have the authority to regulate gun shops including auditing sales re

i will have exclusive interview with dimon you don't want to miss.day long i will give you coverage. he has a bird's-eye view into everything going on in the economy. whether it is retail banking. how people are spending money. what they're doing with credit cards, mortgages. lori: and the banking industry itself, a lot of layoffs they're talking about, right? melissa: that's right. news broke a short time ago about lawmakers wanting to tax trades. we'll get his reaction. it is the eve of the sequester and who better to talk to someone the king of the financial world. all day tomorrow. lori: on "the pulse." you have got him. melissa: don't miss a minute of it. lori: we still have trading to go. it is an exciting day if you're a bull. automatic spending cuts, looming large. what's the next move to cut our massive federal deficit? congressman bill johnson and bill delaney will debate the issue next with tracy byrnes and ashley webster. don't miss it. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second

but captain jamie dimon got that moby sucker. how about china? how about china?ther reason we got crushed was china. aren't we petrify thad china is stalled. break down the handbook here, and china stalled, that means commodities stalled, which means the strength is khmer call. i told you we want to listen to michael sutherland, the biggest pure play in mining equipment. china coming on strong, a demand for commodities around the globe. another issue neutered by today's evidence. but isn't the consumer -- i got the whole litany, isn't the consumer tapped out by higher gasoline prices? by the end of the payroll tax holiday, by increased taxes for the rich. by the bad weather lately. i don't know, but newly created gatsby index was on fire. dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that out t

melissa: or jamie dimon. >> jamie doesn't want the job.nk someone like larry fink wants that job. he is good understands nexus between washington and wall street. understands the economy and understands the money game which is is a treasury cretary needs to do, not quite a private equity firm. melissa: yeah. >> so i think that is problem with this administration. look at some of their appointments they have been pretty lame. hagel, jack lew. mary jo white is smart but is the right person, a prosecutor to run a regulatory agency? probably not. >> great story, great scoop. charlie gasparino breaking the story. thanks so much. >>> coming up on "money", who needs the math? eric cantor make as warm fuzzy sign to win over the gop will this win over voters? former reagan economic advisor art lfer joins us. "piles o money" coming up. ♪ this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get hea

specifically about some of the names that you absolutely love right now, and when i was in davos, dimonlat out said, housing is, quote, totally back. i said, "totally," and he said, yes. they are beyond the house, and now i'm decorating the house. >> look back, liz, over the four years, there's defer the maintenance done in the housing market. no one put money in the carpal tunnel -- carpet or paint because the house was losing money. now look at mohawk, and looking at if the home builders do well, so is mohawk because it's carpet, flooring, as well as the existing homes. liz: masco in cab ben try, and mountain mountain -- mohawk. more to run? >> look as what happens happening, there's a sales ratio, it's a dollar-20 for a dollar in revenue. there's plenty room left on mohawk. liz: the three month chart aside from blitzes is beautiful. another one up 41%. is there a dividend on this one? >> you know, i can't remember right now, but i know the price of sales is .5, paying 50 cents in revenue. liz: you might get it, and pier 1, for example has dividends to move higher? >> mohawk earns, an

when you have jamie dimon tell you, you have so much cash on the balance sheet that he doesn't know what with it, that is an excellent environment, given where fed policy is as well, to own corporate bonds financial institutions. >> steph? >> one of the names that we're looking to get back into is sun trust. if the yield economy gets better, the guys make more money. last year they got snubbed on a stress test. this year i think they are not. >> what about a lot of the regional beyond that? we don't talk about it that often. >> i know. but the conversation always seems to center around the banks, the the citi's, the morgans. >> if you look at xlf, for instance, it's trading right below its recent high, if that breaks out above that, if that's working, you don't need to look elsewhere. it's working right now so you can look at the goldmans and they are working. >> you'll get more leverage and joe has been on regions. >> the largely capital banks are not. they have spun off those units so when you see stock markets acting as cooperatively as they have been, when you see in-flows charging i