since the dimon bottom. jamie dimon made around $17 million off that trade alone.it comes to market timing, he seems to do well. as for other banks, not too shabby. dominic chu, cnbc. >> tim is still with us. tim edwards director from the s&p, dow jones indices. why is greece back in the headlines? >> the first reason is the last time we kicked the can down the road and we reached the point where the can last hit. in particular it's back in the headlines because the imf, which is part of the group of people that are giving greece money has said we can't keep giving money if it's unsustainable. there's an internal debate between the imf and the european political leaders as to how strict, how loose they should be with greece and whether or not there should be an aspect of debt relief. this is a slow process. it always has been. but we're coming to a trunk point around the 20th of february, we will come to continual crunch points around those negotiations is greek sustainable what do they need to do, and most importantly if the imf withdraws, will the european sovere

why are blankfein and dimon so far ahead?t it how they have managed to build up such large stakes in answer lutd si absolute side. jamie dimon has also purchased half a million additional shares himself in recent years. there may be some criticism given the presence of former goldman sachs alumni in the cabinet, but most of the gains have become because of bank share price gains because of the yield curve move rather than specific policies. and it's encouraging to see ceos so tied to the fortunes of the companies they run. former wells fargo ceo, john stumpf received $27 million just sitting at home. >> any names you're surprised not to see on the list? >> not really. the banks have outperformed. it's that huge stark difference between jamie dimon and lloyd blankfein and the rest of the pack. tim cook, just 22 million of gains. a significant distance behind. >>> in political news, president trump will rally republicans at the influential cpac conference this morning. jay gray joins us from washington with details. >> good mor

jamie dimon did make a buy on the low side for the trade. he didn't formally call the market bottom but many took his purchase of a half million shares of his own stock to be a pretty bullish indicator. since then, his stock has gone up about 64% and even the broader s&p 500 has surged by about 25%. while the performance since february level has been amazing, it is not the only stock worth talking about. in fact around 20 members of the s&p 500 have at least doubled in value just in that time frame. among the top performers, up. and united rentals up 192%. and free port mcmorran, up 226%. the biggest gainer in the s&p 500 since the dimon bottom february 11, 2016. none other than computer chip maker invidia. i guess a market at record highs, can the surge stay intact? we'll see. >> are any of these names still worth owning? >> i've owned a couple of these names. it has run its course. invid invidia. there are three reasons you should still be there. i think there's tremendous upside. >> i own a couple of them right now. i own some free port m

jamie dimon just finished his address to this investor day.e said he does not believe in the pessimistic view of secular stagnation. the lack of growth he says it is down to us to human inaction. in order to improve growth this is what america needs. >> america needs corporate tax reform. we have been driving brains, capital, businesses, research overs overseas now. it is not hurting jp morgan. it is hurting the average american. we are big supporters of getting tax reform done. >> that was top of his list and he said it would improve the economy via improvement in wages as poopposed to jp morgan. he did say that tax reform could take up to 12 months and is positive on deregulation and infrastructure spending. as for risks out there his overarching theme was one of positivity. he said he wasn't concerned too much about geopolitics around the world. he wasn't concerned about markets compared to this time last year and wasn't concerned about credit. as for the risks, there were two on the list. number one was trade, in particular with china. tha

but dimon wasn't alone in buying shares at the bottom. we looked at the transaction filings and found a few other heavy hitters were also buying. namely, steve mnuchin and warren buffett. they are now worth $5 million more today. the biggest buyer wasser berkshire hathaway. it bought part of a larger accumulation of a company. the key things buffett did not panic when markets dropped. instead, continuing to buy more. just that one february purchase has earned more than $6 million. we found one big name buyer earned a higher return than dimon. steve will nguyen's purchase of his own company is up 67%. not bad for one trade a year later. and then there's elon musk who may have had the best trade of them all. he bought solar city a year ago. sold it for tesla stock in sxaug then saw tesla shares rise even more. in total that original purchase has made him $7 million. had nearly a 70% gain. for "nightly business report." >> and it's not just the inislanders seeing gains with. the major averages at new highs, there's growing belief fund manage

dimon wasn't alone at buying shares at the bottom.dug into insider transaction filings and found a few other heavy hitters, namely steve mnuchin and warren buffet. mnuchin loaded up on shares of cit group. it's worth $5 million more today. the biggest buyer in total dollars was buffet's berkshire hathaway. they brought $78 million of phillips 66. the key thing, buffet did not panic when markets dropped continuing to buy more. just that one february in trade has earned over $6 million. we found a couple more big-name buyers that actually earned a higher return than dimon. steve wynn's $15 million purchase of his own company is up 67%. not bad for one trade in one year. and then there's elon musk who may have had the best trade of all. he bought solar city last year, sold it for tesla stocks and then tesla shares rose even more. that original purchase has gained $7 million or nearly 70%. back to you, kelly. >> what were you even thinking? >> i'm thinking, eric is putting up a warren buffet trade that ned him $8 million. i mean, that's -

jamie dimon speaking at 8:30. >> i will be looking at the dow.sident trump is speaking today and already referenced the 12 straight record closes. will he get 13 on the eve of his joint statement to congress. >> that's it. see you tomorrow. is the stuff that matters? the stakes are so high, your finances, how do you solve this? you don't. you partner with a firm th advises vernments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> good morning. 12 in a row for the dow. that's the longest streak of record closes in 30 years. totally coincidental. trump, the president, goes prime time. the white house promising a bold agenda for president trump's first congressional address. and a billionaire ceo says artificial intelligence will surpass human intelligence within 30 years. that's right on time. he's investing in companies that will make it happen. details straight ahead. it's tuesday, february 28, 2017. "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, thi

we're trading financials as well, as jamie dimon gets ready to address jp morgan shareholders.that on the other side of this quick break. >>> shares of jp morgan. always good to hear jamie dimon, wilfred. >> it is, indeed, scott. as you say, he's due at 2:30 pm. earlier today i got a side show with him in terms of the benefits of tech investment that jp morgan is seeing. he was very keen to highlight some of the quirky points there, the fact that they've cut the race to issue a corporate loan in half in terms of their tech investment delivery and the level of take-up in which they've got smart phones. what they expect from deregulation, what do they expect from tax reform. they were touched upon but those are the kind of topics we're hoping to hear more from on jamie dimon coming up at 2:30. the clear commitment that she sees more capital return to shareholders because they've hit an inflection point in terms of capital levels. that's even without any deregulation needed. so payout ratio expected to rise regardless of what we hear from jamie dimon later. >> wilfred, good stuff.

we're going back to the good old days, this is a goldman sachs banker discussing things with jamie dimonthis will help american banks on the global stage. you mentioned the fiduciary role being rolled back. that's not a revelation, a confirmation. consensus had got that wouldn't be implemented, because it's not in place. some comments about richard cadre who heads up the cfpb, suggesting his time, his days there may be numbered. this comes before the treasury secretary has been confirmed. what does this say about the status gary cohn will hold in the white house coming through? i'd say this is a very clear marker that he's going to hold a lot of power that this is coming out before the treasury secretary is in his role. positive for the banks, it confirms how clear the trump administration will be in terms of rolling back deregulation. >> and so many bankers have said maybe some of this is okay to roll back, but not all of it regulation has helped us in a number of respects. the financials are now negative year to date after that nice run up following the election. >> exactly. this is co

jamie dimon is speaking.es, taking questions from analysts, talking the traditional bank reputation of jpmorgan and also talked about what is going on in washington, to some degree saying there needs to be more collaboration on tax reform. he says it's not about what is good for the bank or the company, it is about what is good for america. something the cfo said this morning in her comments, that some regulation works and some does not. he did say a lack of tax reform is hurting the average american and infrastructure spending would be positive. he had an exchange with the well-known bank analysts who just lost his job after that company closed its u.s. equities unit after he asked a question about jpmorgan's brand. he said you are a brand. he told the story about when he first became aware of him when he took over as ceo of bank one and said he wasn't allowed them call because he'd written the negative report about the company. a couple of the highlights the far. onrlet: love the antidote mike mayo from jam

there's jamie dimon walking in, chairman and ceo of j.p.organ. >> he's got to be thrilled about getting rid of regulation since they have more compliance people probably than they have loan officers. >> they have a lot of compliance people. and obviously a lot of capital. nobody's talking about capital coming down, but they are talking about at least freeing up some of that money, i guess, that goes towards some compliance. >> when you say things positive about bankers, think back three or four years ago the reason why everyone wanted this regulation is because people felt these banks were about to go under. they still feel that. a lot of democrats say banks are about to go under. a lot of republicans say raise a lot of capital. there are some democrats realize they raise a lot of capital, but i felt the capital was the most important thing. and the reason why i worry about the european banks even today, when you're a joker bank and we have joker regulations, you have what they have in italy. we have in europe. >> your point is this narrati

does jamie dimon speak for an extended period? what is the schedule like?g we hear from jamie dimon, he x an opening mark and turns it over. usually an hour, hour and a half. and then we hear from different business heads. investment banking, asset management, a few lending arms -- retail and commercial banking. we get an update from each of them and investors each time can ask questions from those individuals. later in the afternoon is where star-studded jamie dimon coming back and sitting down and that is where a lot of q&a happens where he talks a lot about how the bank is really a lot better than others, and he is a little unlike some of the aboutceos really asking how the economy is going and what the consumer is thinking. last year, too, he talked about consumers really winning on gas prices. scarlet: i'm guessing there will be a couple of references to the balance sheet. oliver: i guess you have to hone down what will make investors react. they have been sanguine about the stock. what is going to be the hottest topic that could potentially move this

this one featuring jamie dimon. business execs include robert iger from disney to ashley webster in for trish. >> i am indeed. here we go. what a crazy, busy day, like that every day, neil, it's how we love it. the new normal i think. thank you very much, neil. president trump saying he is not easing sanctions on russia, and, oh,y the way, he says nothing is off the table when it comes to iran. those comments after the president met with execs of harley-davidson at the white house. it has been a packed day of action, i'm ashley webster in this afternoon for trish regan. welcome everyone, to "the intelligence report". president trump's tough talk comes as he voices serious concerns about nafta. saying the current trade agreement is not fair and says it's time for change. president trump vowing since the start of his campaign, we

so in the coptic here, jesus calls judas the 13th dimon.ranslated in the original translation as the word "spirit." >> why do you try so hard? >> but in fact, this word means demon. >> this single word changes the whole interpretation. >> i have seen a great vision. you 13th demon. >> so the judas that i saw when i did my own reconstructive work, he's not a hero. judas is a fallen angel. he's a demon. >> and behold, from out of the cloud appeared an angel. fire spews forth from his face and his likeness is defiled with blood. >> in april deconick's translation, he's not only evil, he's the most evil. >> but in 2008, previously unseen pieces of the gospel of judas begin to emerge. >> there's always one last twist with the story of judas, and here we have another one. bruce ferrini, the dealer in ohio, kept back a few of the papyrus fragments of the gospel of judas. >> these pieces are seized along with ferrini's other assets when he goes bankrupt. for the first time, the gospel of judas is complete. and its real message is far more shocking

we'll continue to monitor this story. >> second straight friday jamie dimon is in d.c. john, thank you. >> all right. up next, here is a question for your amazon echo. how many airplanes does amazon own? whatever the answer is now, it is going to grow big league. that story and why u.p.s. and fedex may need to worry. that's ahead. and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. you should tell

but jamie dimon steps in for the dimon bottle and puts down nearly $30 million on his trade. steve steps in multiple times. comes in $30 million here, $50 million there. throwing money at his stock. >> they've been raking in the dough a long time. >> it probably is. just the play that. >> my argument would be, he's right. he sells $125 million and he puts $7 million. that's not something, we want him to buy it but that's not it. >> he just made a statement. there's no way it will be taken out now because he has obligations. it is illegal for him to buy the stock. at least in the near future, there it's no deal on the table. probably the most credibility out there. it was emblematic of the financial sector. we were talking about credit risk. the world falling apart. and he said my business is safe. my balance sheet is safe. i think it is apples and oranges. to say that jack dorsey is a great trader is not what we want to be saying. >> let's shift to our move of the day. the biggest biotech. this grocomes from appaloosa. is this the time to buy? >> we've been saying this for i

president trump meeting with jamie dimon and ceos on friday. maybe we'll get a timetable to move the market on friday. >> thank you, bob. >>> more evidence today the fed is not the big focal point for wall street. 25 point gain for the dow. stay tuned for the big earnings on facebook coming up in the second hour of "the closing bell." >>> welcome to the second hour of "the closing bell." i'm sara eisen in for kelly evans. bill will join us in a moment. how we're a finishing up the day on wall street. in the green barely for the s&p. that actually breaks the losing streak. this is the first up day in the last five sessions. the dow closing higher by a little more than .1%. 25 points. apple adding 47 points of the rally to the dow. nasdaq, the outperformer thanks in large part to apple. up .5%. facebook closed up 2% ahead of the big results this hour. russell 2000 underperformed closing flat. busy hour for earnings. coming up, quarterly results from facebook. two insurance giants set to report. results from metlife and allstate. talking about the

so when jamie dimon bought his own shares, a lot of people could have profited if they bought sharesrse if they bought the market overall. let's look at best performing sectors and worst performing sectors. you look overall no doubt financials led the way higher. no mistake about it. best performing sector in s&p 500 overall. take a look at the financial index over the past year of 39%. worst performing sector still positive is telecom sector, up 6 or 7% during that time horizon. financials leading the way there. financials, take a look, dow, 30 members there is financials. we'll put it this way. goldman sachs up 71%, jpmorgan chase up 64%. goldman doing a little better than jpmorgan since that dimon bottom and american express up 53% overall. guys, it's a huge story. when you make that kind of a bet, it's a big deal. now that jpmorgan shares are 87 and change, call it $34 per share, half a million shares, the guy made $17 million market to market on that trade, a pretty good return, 64%, guys. back to you. >> thanks for breaking it down for us. what an extraordinary turnaround for b

gary cohn and jamie dimon, not just jamie dimon, but he's taking the experts in, taking their opinionat's encouraging for bank share prices, who for the last five years think a lot of stuff has been unnecessary and a burden. >> on today's ajgendagenda, dec trade deficit numbers are out at 8:30 a.m. eastern. those will be followed by the monthly job openings and job later turnover survey or the jolts report. and consumer credit at 3:00. general motors reports before the bell along with adm and michael kors. after the bell yum china. >> let's talk about today's packed agenda, we are joined on set by james lu from clearnomics. why are stocks so resilient here in the face of sharper bond move, sharper dollar moves and a lot of concern about political risk? >> in the most election rally, a lot of it is trump and t. a lot of oil prices had risen, inflation was rising. you have earnings rebounding also. i think what you're seeing more eventually is the trump rally has stumbled a bit and that's because on a daily basis investors are having trouble grasping the two parts of the equation. on on

coming up, josh [honking] kimberly: we have all probably our dogs haven't.og dimon getting tired of waiting on her owners, horning. her owners were only gone a couple of minutes. that is a smart

morgan's jamie dimon, reports of elon musk, mary barra gm, pepsi's indra nooyi among others.ecode got hold of a draft which includes a quote, we are concerned that your recent executive order will affect many visa holders who work hard here in the u.s. and contribute to our country's success. the next 24 hours, 36 hours, jim, a remarkable i don't know if you call it a showdown between the white house and ceos, but it will not be as kumbaya as we've seen in the past. >> no. i think harley david is interesting. they had a really weak quarter. felt the reason why that weak quarter is because of imports. watch out japan. watch out japan. japan has not been targeted yet. if you want to sit down with harley, you say, listen, are the japanese dumping motorcycles here. remember, polaris got out of the motorcycle business. i don't think the motorcycle business is that bad. i think the dumping in the share harley is an unbelievable company. that might be friendly. these others, you're in that situation where i think the president's going to say, hey, i really hear you. that's really te

. >> jamie dimon just came past our camera and said they had a nice conversation but will take a passt talking with us. some of these ceos are trickling out. we're getting platitudes like we've seen from jamie dimon, saying active conversation, and those are the kinds of things people want to say without wanting to talk to us. so we'll keep an eye out for anybody else who emerges from the white house. >> productive meeting, the new no comment. >> it is. sorry to interrupt you mid sentence. how hudson bay could do this deal without taking on all the negatives that macy's is contending with right now. >> what would need to happen is it would have to be structured with a joint venture and a third party would need to think about the kind of depth they want to offer. sale by lease transaction. melissa, the bottom line on your question is there are these problems in the core business. there's not an easy way to get through slowing mall traffic -- >> oliver, let's pretend i'm a macy's shareholder. what i'm hearing here today is that macy's is way too big a gulp for hudson bay. does that mean

one of my pan lists suggested that maybe you should pull a jamie dimon, use the opportunity to buy back your stock when it got hammered so much as a sign of credibility in the market, support, belief, et cetera. i'm wondering if you did do that and, if not, if you thought about it or you will. >> these inflexion moments in time, like these are these points, these opportunities, like this is an opportunity for us to change the way that we run our business. the not just be growth driven but to truly build a company that is as a company that's as great as our brand. again, we have a good company. we have people working hard. bejust need to tighten the belt a little bit. give us the opportunity to do that and impress you. we're not looking at buying back stock -- >> i mean, you personally. >> there's -- >> you know the point i make, jamie dimon steps in and buy and all of a sudden the financials and jpmorgan stock, this new sort of lease on life as a result of what that means in the marketplace. >> of course. >> optically if nothing else. >> more importantly has been my commitment to, you k

jamie dimon talked about the fact that the u.s. is poised to grow big.a and europe are growing small. i think there's a change in how the ceos are looking at everything. >> j.j., thanks a lot. you people should check out the fun game you have with a tool about social sentiment, ranking super bowl ads. >> this sunday we'll do something through social streams, follow nicole and steve on twitter. we'll follow the super bowl ads. dorito has a big one. how will the ad affect their parent company in pepsi? it's a way to show how the ads are used and how the companies perform. >> carl, back over to you. >> j.j. knows football, we know that, mike. thank you, mike santoli. >>> we'll get the european close in about 4 1/2 minutes. seema mody's at post 9. >> we have a mixed session in europe, some gains across spain and the uk but a lot of attention being put on the pound. the pound decline accelerating after the bank of england left rates unchanged in its most recent policy meeting but raised its short-term growth forecast. it also said it's willing to tolerate run

maybe gorman is saying we don't need to repeal the whole law, dimon is saying repeal the whole law. washington is unifying in saying these regulations have been a big albatross for us. >> rick, how much is the dollar and bond market a leader for what's going on with stocks? we are seeing a continuation of the correlation dollar weaker, bonds and demands. that's the reverse of the trump rally. >> i think that the fact that equities haven't had bigger retracements with the huge moves that we've seen since early november but have movement in a way that does seem to dictate it's losing some steam has put treasuries back in their own hedge mode. i think the dollar index is more subservient like the euro and the yen. it doesn't square. inflation in the u.k. and eurozone and even the u.s. whether it's preferred fed measures, how many core cpis, been over 2%, that doesn't really square essentially. i think all roads lead to central banks agai whether it's mr. carney or mr. draghi. they've pinned markets so it's difficult for the short end interest rates to do what they need to do making tra

ceos there include elon musk and jamie dimon. >> meanwhile, joaquin el chapo guzman is set to be in courtcourt by video at first. that was overtushed after his lawyers contested. he faces the possibility of life in prison. >> this is always great. hastyuniversity's hasty pudding theatrical society to honor ryan reynolds as their man the year. it's so fun! the dressing up. it's great. we got to get right to it. that is a wrap for this friday. happy friday! "morning joe," right now. ♪ >> when i ran for president, i had to leave the show. that's when i knew for sure i was doing it. and they hired a big, big movie star, arnold schwarzenegger, to take my place. and we know how that turned out. the ratings went right down the tubes. it's been a total disaster and mark will never, ever bet against trump again and i want

you open to recording of everything that is jpmorgan, by the way, donald trump keeps quoting jamie dimon and you could ask jamie, i am taking down these measures are w the. frank act, and he would save it is hard. you look at wells fargo's, it is -- it is wells fargo walkover via, you look at bank of america, merrill lynch, and there are various places and you can see how many different subsidiaries are under these things, these mega-regional banks are not affected and multinational. host: another tweet, if the economy is so great, or interest rates so low? adding maybe because she many is -- maybe because cheap money is driving the fake market. guest: we had never seen were interest rates are so close to nothing. the fed has hesitatingly brought are they nearre normal. you pass by a branch of a bank, and they put up a sign, go get them, three-year cd at half a percent as if it is a favor, but the banks want, crave the normalized bond curve, where they can borrow cheaper on the short term and mend doubt higher on the long-term and pocket the difference. ain'te seen that approaching norma

so, while jamie dimon's stock has gained, these guys have gotten a heck of a lot better.carl and the "squawk alley" crew. >> thank you so much, dom. good morning. it is 10:00 a.m. at nrg stadium in houston, texas, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ >>> good monday morning! welcome to "squawk alley." jon fortt, sara eisen, myself at post 9. recode's kara swisher and aston instit

among the high profile c-e-os was mary barra of general motors, and jamie dimon of j-p morgan chase. but they were also there to sound off about president trump's travel ban on people from seven muslim-majority nations -- implemented last friday. meanwhile, the labor department says u-s companies made big gain in january... creating 227-thousand jobs. president trump begins his administration with unemployment close to a 10- year low, at four-point-eight percent. ahead at eight.. a four- month old baby's life in jeopardy.... because the president's travel ban... is keeping her from heart surgery in the united states. plus. the january jobs report is out....and jobs are up. why the credit is being given to president obama. ♪ strummed guitar you can't experience the canadian rockies through a screen. you have to be here, with us. there's only one way to travel through this natural wonder and get a glimpse of amazing. and that's with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaine

leavingeo jamie dimon the white house last week. this is something a lot of wall street is focused on. the response to the 2008 financial crisis. there is not as much focus on what it means at -- if these regulations were to be gone. sentiment is month the many pieces of data we will be focused on. trade deficit is another key number. you are likely to see the same. in terms of president trump, he will continue to dominate the clinical headlines. we know he plans to meet with japan's prime minister later in the week. and the continued votes on trump nominees will move the market for sure. also, earnings globally are being released around the world. what about the big names here in the u.s.? su: twitter, toyota, coca-cola. let's start with twitter because that technology stocks have really been fun. twitter has a lot to prove with slow growth. the stock has little changed since it reported third-quarter results. a weekxpected to have year. they are expected toome in at $.12 a share below is adjusted earnings just one year ago. space

possibilities like personal capital, like vanguard, like robo-advisors, do you think eventually the jamie dimonse world will run up against it because they are running fundamentally higher fees? bill: the whole world will have to adopt to the new realities of the fact we are in a digital age. cory: bill harris, always good to see you. glad you are still around, guy. it has raised $500 million more. the company plans to use the money to expand internationally. the new funding brings the total investment in the business to under $2 billion. coming up, the engineer shows us his latest electric vehicle. the company is called air like the sneaker but it is bigger and faster. this is bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a networ

jamie dimon close behind with $114 million. million. now, why such a lead for these two? clearly the big rise in bank share prices relative to the rest of the market plays a part, but that's not all. if we broaden out to the other big banks outside of the dow, blankfein and dimon are still way ahead. tim sloane, james gorman, brian moynahan coming in with around $7 million of gains. why is that? it comes down to the length of the blankfein and dimon's tenure, around a decade, at the top of their respective banks and their performance whilst they've been there and thus how much they've managed to build up such large stakes in absolute size within their banks. moynihan would be top in terms of relative performance, his share ownership up 36%. former wells fargo ceo john stumpf would have been third in this ranking. he's gained nearly 28 million since the election, just sitting there relaxing at home. becky, in terms of ask warren questions, perhaps you can ask him if he's offered his laguna beach house to his old friend john stum

ceos from ibm, general motors, jpmorgan, jpmorgan chase, jamie dimon is there. getting together to talk about all the policies and what is needed to get this economy going. it cover as wide gamut of industries. i think there will be heated debate regarding the temporary travel ban in place by donald trump. there are critics out there, including ford and elon musk at tesla. stuart: let's see what they have to say when they come out of that meeting. we'll have the tape at some point this hour. "washington times" charles hurt columnist. in my opinion we have news from president trump, job creation, about his relationship with business and about the economy. my question is that positive news being obscured and overshadowed by the violence from the left that the contempt from the left and non-stop, stop erything point of view that they embraced? ishat overshadowing the good stuff? >> certainly among the media but among normal people it is not at all. what we're already hearing from the left, with good numbers that came out this morning, somehow trump inherited this e

these investment days, of course, banks like to highlight the progress they made there, ceo jamie dimone the same investment there. 27 million mobile customers, double digit growth there. he let slip they just took their biggest ever fx trade. so pretty punchy by one trader. >> thank you for that. we mentioned cig in a a moment ago. shares of the jeweler halted a moment ago. stock is down 10% this morning following a washington post report that employee vs. alleged sexual harassment at jay and jared jewelry browns. i think kay is about a third of signet's sales. >> let's look at the brotter market, the last trading day of the month. markets still in the red mostly. that would be a 13th straight day in the row for the dow. they posted only three losing sessions each. joining us onset, our director of operations, do you look at tonight's speech by president trump asen inflection point for what has been a tremendous and stunning march higher through the month and since the election. >> i think it could be an important turn. i think if you're figuring probabilities, the odds are probably 3-

see other ceos presumably not riding motorcycles here at the white house tomorrow, including jamie dimonjp mori dan, and ibm and daniel eugen and a long list of ceos expected here at the white house tomorrow. we'll trying to figure out exactly what's going ob on the table for discussion, but you can imagine taxes, trade, and immigration will be on the list of discussion for the president tomorrow. we could see some more tension between the ceos and the president than we've seen in some meetings so far because now this administration has done things that some of the ceos disagree with. wait to see how it plays out tomorrow, tyler. >> thank you very much eamon on the north lawn. >> digging in more on that, the president assembling his dream team of corporate titans he'll call on from time to time for regular an candid advice. worth noting, some of the big names were not supporters of the president-elect's campaign. let's bring in head of public policy and mike allen, executive editor, good to have you here, mike, the meeting tomorrow, strategic and policy commission as it's call, what is h

billionaires that he's close to, whether it's people on his advisory council like steve schwarzman and gary dimonbe framed as if the banks themselves are writing the policy that is going forward and governing them. if you get another mistake down the line, it will be such fodder forev for the anti-wall street groups. the title is vastly exaggerating it. i don't think he's embarrassing goldman sachs or anyone at all, gary cohn, but wall street does seem to be close to the policy. >> he has a strong presence there, but not the first ex-goldman banker in the white house or exerting a strong voice with those in the highest office. >>> my pick is in the "wall street journal." titled is this trump's watergate? also a strong title. democrats want to cut his power off, his hold on much of the american public. to do that they need to make him look like a loser. on monday the president lost mike flynn. on wednesday, he lost andy puzder. both fell in large part because of an understaffed and dangerously de-fused white house management structure. the opposition, democrats, unions, never trumpers now know if

it's a list of big, big names in business including jamie dimon of jpmorgan.lon must sick, larry fink of black rock, doug mcmillen of walmart, jim mcnerny of boeing. also here today were the executives from harley-davidson. take a look at these pictures. the president and the vice president having fun with harley-davidson walking out on to the south lawn and taking a look at the motorcycles, the executives of course wearing the leather jackets as you do when you're an executive from harley-davidson and you're coming to the white house. then we've got a little bit other news this afternoon that i should update you guys on. nbc has confirmed that there is a plan in place two u.s. officials confirming that the u.s. could impose new sanctions on iran as early as tomorrow. these sanctions are in response to continued terrorist activity and missile tests. the sanctions they say will not violate the iran nuclear deal. we can tell you that there was a briefing here earlier in the week. officials here very upset with the iranian missile test and also with the iranian s

president trump says jamie dimon is going to help me change the banking regulations and bri s a way, going to pull back this regulation. >> some of the regulations make no sense. but dodd frank just went too far, and by the way, this was a promise that donald trump made during the campaign, he said i am going to roll back dodd-frank, there's no surprise here, it's another promise kept. but here's the reason why i think it's actually important for the little guy and to the little banks because the ones who actually prospered the most under dodd-frank, are actually huge banks, like wells fargo and citibank, what's happening across america, you can see this when you travel to the little towns, that the small community banks are being bought up, being swooped up by the bigger banks because these regulations are so expensive they can't afford it. >> they have the higher capital requirements, it's harder for those banks to lend money. they find that the bigger banks now are lending just as much as they were in 2016 as they were in 2007. the question is, why are the heads of the biggest ban

this one featuring jamie dimon. other business execs include robert iger from disney to ashley webster in for trish. >> i am indeed. here we go. what a crazy, busy day, like that every day, neil, it's how we love it. the new normal i think. thank you very much, neil. president trump saying he is not easing sanctions on russia, and, oh,y the way, he says nothing is off the table when it comes to iran. those comments after the president met with execs of harley-davidson at the white house. it has been a packed day of action, i'm ashley webster in this afternoon for trish regan. welcome everyone, to "the intelligence report". president trump's tough talk comes as he voices serious concerns about nafta. saying the current trade agreement is not fair and says it's time for change. president trump vowing since the start of his campaign, we know, he'll renegotiate all of our, quote, terrible trade deals. today, he says wilbur ross, will lead the negotiations and for the very latest and boy, he's been kept busy these days,

you have jaime dimon sitting in the room probably smiling. >> reporter: there are two actions the president is going to take, steph. one is an executive order that is going to effectively ask for the review of over regulations and issues of financial service over regulation. basically taking a hard look at dodd-frank, what can be changed and scaled back. he's going to ask the labor department of a rule on consumer prodex. what does that mean? there is a regulation that allows consumers to have a whole host of information before they invest in their 401(k)s, for example. is that rule necessary or does it create limited options and excessive costs? those are the two actio the president is taking, not earth shattering, steph, but the bottom line take away is he's starting the process of trying to scale back the obama era regulations. >> i want to bring in our panel this morning. dan, co-founder of foreign policy initiative and former d adviser to paul ryan. and a former senior adviser to the hillary clinton campaign. good morning. >> good morning. >> let's start with the jobs number. 227,000 i

. >> jon: joining us now for a media discussion, stephen dimon, political advisor for the washingtonimes, and judith miller, reporter, author, fox news contributor, and no relation to stephen miller. thank you both for being here. a lot of people agree with what stephen miller said that there are judges who have taken way too much power in their own hands. did he say it in current incorrectly? >> you are right but he did capture a long string of thoughts. and for that matter you have liberals that say that judges are too powerful. but it is not the veracity of what he is saying, it has been fascinating watching the amount of outcry from reporters and may be more importantly public over what he said. the issue is the outcry over it. not so much the actual veracity. >> jon: the administration has had its share of controversies. it is only known going into the fourth week, how do you assess what stephen miller is talking about there? >> i think that the unfortunate problem with what stephen miller said is that it plays into the general theme of donald trump as autocrats, king. and as so

so, while jamie dimon's stock has gained, these guys have gotten a heck of a lot better. now to carl and the "squawk alley" crew. >> thank you so much, dom. good morning. it is 10:00 a.m. at nrg stadium in houston, texas, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ >>> good monday morning! welcome to "squawk alley." jon fortt, sara eisen, myself at post 9. recode's kara swisher and aston institute's walter isaacson joining us. good morning, everyone. silicon valley stepping up opposition to the president's immigration executive action. microsoft, uber, twitter, facebook, apple and others submitting a joint brief asking the court to roll back parts of the order. they say the government should make a "fundamental commitment" to welcome immigrants while still boosting background checks to protect the country. from the brief -- "the order inflicts significant harm on american business, innovation and growth and threatens ability to attract business and investment to the united states." this as alibaba ceo jack ma warns in no uncertain terms that "if trade stops,

and while of course it's good to get jamie dimon's views, you need to hear from the small banks and artise before you can make a really good decision. you can't turn that decision over to the very banks being regulated. >> let's try to frame this meeting today. he's going to this boeing plant. having said what he has said about global trade, does it collide with this plane, which is one of the biggest things we innovate and make and sell as a country. >> yes. i mean absolutely. and, you know, boeing is one of the companies that he has blasted in his tweets. but he has a boeing representative on his forum. he is hearing this as far as i can tell from every business leader that we live in a global world. and we compete in a global world. we hire talent in the global world. and we sell in the global world. and this idea that we can somehow close the borders is not going to work for us. i saw yesterday a letter that ginny rometty of ibm put out to ibm employees kind of explaining her involvement with the forum and attitude towards trump. it was a beautiful letter. it was very moving. and

wikileaks might come out with a cachet of emails that jamie dimon was saying, let's crosssell and screwple. i doubt that jamie is an honest guy. we should point out wells fargo had no comment. the consumer financial protection board had no comment. liz: nobody has any comments about you and me and our snapchat video. it was very frightening. >> did you show it? >> liz: did we show it? the dow came within two points of lifting -- hitting that flat line. this would be the 11th -- we're trying to go positive and staying slightly negative. the s&p and nasdaq have indeed turned positive. let me tell you what a leader for dow jones industrials as we get adam shapiro in front of the camera. johnson & johnson, home depot, walmart, boeing is looking good, disney. the laggards are goldman sachs and american express. i believe chevron doesn't look so good at the moment. adam, what are you seeing here? now we're down 11, we got very close for that second about six minutes to go? reporter: we're talking to men and women on the floor, 3:30 a buy order came in, whether it was computer-generated order

in the room right now, blackstone's stephen schwarzman, jpmorgan's jamie dimon, elon musk, mary barra8 on a jobs friday. we have this meeting covered from all angles. andrew ross sorkin and eamon javers, john harwood. >> it has been a remarkable morning with some of the nation's largest ceos here with the president, sitting down just an hour ago. they will be in there for about another hour. on the docket in terms of the agenda -- regulation, taxes, infrastructure, women in the workplace. we should mention, ivanka trump is in that room along with the vice president and jared kushner and so many of the other parts of the administration. we want to show you a quick clip of what donald trump had to say about the jobs number this morning and what that says about the economy. >> 227,000 jobs. great spirit in the country right now. so we're very happy about that. i think that it's going to continue big league. we're bringing back jobs. we're bringing down your taxes. we're getting rid of your regulations, and i think it's going to be some very, very exciting times ahead. we're doing it and

saider in the month, trumpp jp morgan ceo jamie dimon was giviving him advice on whahat to wiwith dodd-frank. pres. trump: some of the bankers here. there's nobody better to tell me about dodd-f-frank t than jamie. we expect to be cutting a lot out of dodd-frank. frankly, as so many people that have nice businesses that cannot borrow money. they cannot get any money because the banknks won't let tm borrow because of the rules and regulations in dodd-frank. amy: one of president trump's fiercest critics has been massachusetts senator elizabeth warren who has spoken out , against trump's efforts to dismantle dodd-frank. financial crisis cost millions of people their jobs, their homes, andnd their savings. in response, congress passed the bipartisan dodd frank act, which aimed to prevent big banks from blowing up the economy a again. now, president trurump has calld dodd-frank a "disaster" and vowed to "dismantle" it. he started down that road two weeks ago when he issued an executive order on financial regulation. he has put steve mnuchin and gary cohn, who have spent a combineded 42 years at

this is s president trtrump speg at a dinner that i included jp morgan chase ceo jamieie dimon n frfriday. pres. trump: and to do what we have to do in terms of regulation -- we have some of the bankers here. or is nobody better to tom udall. frank then jamie. we expect to be e getting a lot out of dodd frank. they cannot get any money becaususe the banks won't let tm first lady melania trump is suing the owner of the media outlet the daily mail, over an article that falsely reported melania once worked for an escort service. the lawsuit, which seeks $150 million in damages, claims the article hurt melania's chances at making millions of dollars by selling a brand of beauty anand fashion products while she is "one of the most photographed women in the world." her lawyer is charles harder, who also represented hulk hogan in his $140 million lawsuit against gawker, which caused gawker to shut down. president george w. bush's white house ethics counselor richard painter told the "washington post" the lawsuit appears to suggest melania trump sought to profit from her role as first lady, sayin

thanks for raising jamie dimon. reading that book to be back. food, but he says nothing about what we eat. it is all about agriculture. that is fine. we cannot have food without agriculture in the modern world. but if somebody wrote a book about the american transport theem and only discussed deluded iron ranges and the extraction of iron ore, they would think this is a seriously deficient history of the american transport system. that is a part of what i am trying to do here. why i set aside agriculture because i do think there has been a tremendous l.a. -- connect food and farming. we talk about food systems and it is different ways of farming. since that is only a part of what gets food on the table, it part, even the largest that does not mean it is necessary. there are other issues going on. we have to also pay attention to of what getsctrum food into people's mouths. that is jared diamond. the colombian exchange. i would like to make three points about this. if you're talking about what people eat, then the columbian exchange is just one i

jamie dimon made the point that all of this talk about making the banks less complex in terms of regulatione done all that work. why dismantle that? the most important thing is to stop further facility on what banks can do. capitale dominating markets globally and will continue to do so. there are already in a good position. it is whether they up the ante on capital for lightning regulation. that is what they have been talking about, two prominent republicans. first great to take your take. that is chris wheeler from atlantic equities. now, back to the number of the day. the jobs number. the first under president trump. out a little later this morning. let's bring in stephen mackler -- stephen macro smith from j.p. morgan. great to have you with us. two diverse interests. technology, you are hot to jobs. are fed up with people talking about a trump trade. i am paraphrasing, but you said the ignition for renewed enthusiasm was already there, so the foundation today will be his first jobs report. what is important to you today and this week? i think the most important release is the pmi in eu