doug flynn, you can follow him on twitter . >> you can blame jp morgan chase, reporting profits falling 19% to just 5.3 billion in the first three months of 2014. suffering weaker you trading and mortgage lending. the stock fell 735% a different story for another big bank, wells fargo. it's profits jumped 14%. wells was hurt by the downtown turn in the mortgage market but benefited from cost cutting. we'll get more on banks this week. >>> a new book by naomi prince detailing the premiership between u.s. presidents and bank executives. it's called "all the president's bankers: the hidden alliance that drive american power." a former manager at goldman sachs. a senior fellow at demos, a left leaning think tank in new york. great to see. >> you its great to see you. it's been awhile. >> we've been following this for quite awhile, but we take a larger look. you're going back to 100 years ago. to the intricate relationship between banks and presidents of the united states. how is it different? how was it different 50 years ago than it is today? >> 100 years ago jp morgan, whose legacy reside

doug flynn, you can follow him on twitter. >> you can blame jp morgan chase, reporting profits falling 19% to just 5.3 billion in the first three months of 2014. suffering weaker you trading and mortgage lending. the stock fell 735% a different story for another big bank, wells fargo. it's profits jumped 14%. wells was hurt by the downtown turn in the mortgage market but benefited from cost cutting. we'll get more on banks this week. >>> a new book by naomi prince detailing the premiership between u.s. presidents and bank executives. it's called "all the president's bankers: the hidden alliance that drive american power." a former manager at goldman sachs. a senior fellow at demos, a left leaning think tank in new york. great to see. >> you its great to see you. it's been awhile. >> we've been following this for quite awhile, but we take a larger look. you're going back to 100 years ago. to the intricate relationship between banks and presidents of the united states. how is it different? how was it different 50 years ago than it is today? >> 100 years ago jp morgan, whose legacy reside

our very own charlie gasparino, "wall street journal" veronica dagher and financial consultant, doug flynn. this is all follo along the same theme where we have, the vanishing middle class, you're always hearing about that. 1% versus 99%. more worker up rise. there is the site over tellen wages. is all this helping the economy? >> well i will say this as someone who worked at ups when i was a kid. melissa: really? >> that was plant behind my house. melissa: like when you were nine or 10? >> i was like 17. melissa: yeah. >> we would have to unload huge trucks and back breaking work. the whole thing was to get that job and make your union book because these guys get paid very well. what is interesting about this, these are highly unionized jobs. where there's really strict rules when you work and when you don't work. and they paid pretty well for people that don't have college degrees. melissa: yeah. >> why they're walking off the job? there are other things you can do to protest unfair firing. melissa: is sort of the sentiment in this country right now and dialogue that we're having about m