home depot co-founder to talk politics and later, we'll talk to chairman and ceo jamie dimon. in the meantime, let's get a check of markets. overnight, it's taken a turn for the worse. the dow jones future is opening lower by 51 points. s&p by 5, nasdaq giving up 14. weighing on the dow, of course, is disney. overnight in asia, the nikkei is managing to turn a little higher at the moment. the shanghai composite a little in the green. european equities, this one interesting to watch. a couple cross-currents to watch. german dax down 1%. france's cac, down almost 1%.

and then later jamie dimon.ate, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. like in rochester, with world-class botox. and in buffalo, where medicine meets the future. let us help grow your company's tomorrow - today - at business.ny.gov i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move... ahhh. and it♪ no, you're notments ♪ yogonna watch it! ♪tch it! ♪ ♪ we can't let you download on the goooooo! ♪ ♪ you'll just have to miss it! ♪ yea

>> i'm in jamie dimon's camp. i spent a lot of years inside the beltway.e cooperation on capitol hill. the election will be contenti s contentious, i agree with michael on that. but i think the economy improves in the back half of this year. and i do think we're going to get a more pro-business no matter who gets in the white house. >> interesting. why do you come to that conclusion? >> because one of my themes for the past three years has been we're going to elect a smarter and better politicians and we're going to get better policies out of that. and i think you're starting to see that with the cooperation that's going on underneath the surface inside the beltway. >> interesting. michael, i mean, would you give jeff some of that? >> well, i've actually been describing this environment as a bit of growth purgatory. so we can't seem to get to historical growth rates of 3%, and i think permanent liquidity provided by the fed and other central banks prevents us from getting to recession. as a result i think we're kind of stuck in this very low and slow growt

jamie dimon is going to be joining us as well. we're going to be talking to ken rangone.s there any chance that kasich was your guy. he is like, stop it, stop it, i'm a trump guy. first, though, guys, kicking things off this morning, we're going to are richard fisher for the first hour talking about fed policy. steven parker is going to join us. and donald remote of via. that's the ride sharing service you can use here in manhattan. >> i've heard of it. and people have told me to use it because i'm an avid uber user. and it seems so much cheaper and better so i'm going to use it. >> i'm going to try it. >> the way i understand it, i haven't used it myself, my producer jen has. you're often sharing a ride with people. it's like guaranteed. it's gotten popular very quickly. and the other big guys are doing the pool riding aspect. i don't know outside of manhattan, how much density do you need and how comfortable are people in sharing a ride with strangers. >> indeed, i'm not sure i'm ready for that. thanks for that. "squawk box" coming up in ten minutes' time. >>> first, re

very frightening. >>> jamie dimon tomorrow. this big interview coming up 8:40 a.m. a must-see interview tomorrow morning on "squawk box." >>> still ahead, big retail names this week. we'll tell you who the traders are betting will be the biggest winner and the biggest loser up next. fast money traders know a thing or two about working out. they're about to put their fitness knowledge to the test right after this break. (politely) wait, wait, wait! you can't put it in like... ...that, you have to rinse it first that's baked- on alfredo. baked-on? it's never gonna work. dish issues? cascade platinum... powers... through... your toughest stuck-on food. so let your dishwasher be the dishwasher. see? told you it would work. cascade. >>> welcome back to "fast money." planet fitness getting pumped up 5%. announced a $20 million share buyback. the gym operator same-store sales increased with 48 new stores opening in the quarter. pointing to the national advertising strategy and gym expansion for the earnings beat. the stock has gained just about 5% year-to-date. up 5% in th

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anthony: next week we have helping fund manager jamie dimon. you won't want to miss.ncr): scorching heat today folks, stay cool out there! walter! ♪ stop suffering with hot ac - cool it yourself with a/c pro. just connect the hose, squeeze the trigger and check the gauge. with 2 times the cooling boosters, enjoy the comfort of the #1 selling coldest air. nothing cools like a/c pro. john: hi, i'm back, and i'm not dead. i say that because i wrote me in my syndicated couple, i got a long cancer diagnosis. a few week ago a surgeon chopped the lung cancer out and they caught it early. i don't even have to have chemo. that's the good news. but the bad news is while the healthcare is excellent, the customer service stings. this man thought he had the answer. he didn't. now some people say obamacare didn't go far enough.

anthony: next week we have helping fund manager jamie dimon. you won't want to miss.ally bank, no branches equals great rates. it's a fact. kind of like social media equals anti-social. hey guys, i want you to meet my fiancÉe, denise. hey. good to meet you dennis. but it's actually a triumph of predictive analytics. because of optum. through population health data, they provide insights so doctors and hospitals can identify high-risk patients. like me... asthma... potential hospital visit. so now thanks to optum, this asthma thing's under control. gravity not so much. this is healthier, powered by optum. from health plans to providers to employers. we connect all parts of health care. healthier is here. at ally bank, no branches equals great rates. it's a fact. kind of like bill splitting equals nitpicking. but i only had a salad. it was a buffalo chicken salad. salad. good night from new york. [♪] >> announcer: this show has never been solely about investment. we talked about anything that affected people and their money. from will, nevada, the new "wall street week.

anthony: next week we have helping fund manager jamie dimon.'t want to miss. ♪ ♪ it was always just a hobby. something you did for fun. until the day it became something much more. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. . >> good evening, everybody, i'm lou daub dobbs. donald trump meeting with lawmakers. by all account, he clearly one them over. he has a message and mandate for millions of voters and members of congress hearing that message loud and clear. trump would receive praise from fellow republican, including speaker paul ryan. >> he has gotten more votes than any republican primary from nominee in the history of our country and this isn't

anthony: next week we have helping fund manager jamie dimon.ou won't want to miss. >> john: hi, i'm back, and i'm not dead. i say that because i wrote me in my syndicated couple, i got a long cancer diagnosis. a few week ago a surgeon chopped the lung cancer out and they caught it early. i don't even have to have chemo. that's the good news. but the bad news is while the healthcare is excellent, the customer service stings. this man thought he had the answer. he didn't. now some people say obamacare didn't go far enough.

i thought people were overly reacting to the move. >> that was jamie dimon on "squawk box" this morning. wall street refers to it as the dimon bottom. if he thinks jpmorgan is cheap, are the other financials also undervalued? brian kelly, what do you think? >> no, i don't. if i look at the environment, i've gone over this before, you have low -- terrible operating environment. look at how many m & a deals have gotten crushed in the last several weeks. you don't have much of a spread when it comes to net interest margins. for me, and then you have the outside risk of what could happen to the european banks, what could happen to japanese banks. it's just not a place i want to be in. i don't think they're cheap at all. >> i think you're talking about the first quarter, an environment that was extreme. and i would argue it's already -- you've already seen a real return in investment banking. are we going to be back in a place of easy money? i can't argue liquidity is getting better out there. to say the banks are totally tethered to a first quarter is brutal. i think it's in the price. with

anthony: next week we have helping fund manager jamie dimon. you won't want to miss.t ally bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. at ally bank, no branches equals great rates. it's a fact. kind of like bill splitting equals nitpicking. but i only had a salad. it was a buffalo chicken salad. salad. good night from new york. [♪] >> announcer: this show has never been solely about investment. we talked about anything that affected people and their money. from will, nevada, the new "wall street week." gary: welcome to "wall street week." i'm gary kaminsky.

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anthony: next week we have helping fund manager jamie dimon. you won't want to miss. bank, no branches equals great rates. it's a fact. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. technology moves faster than ever. the all-new audi a4, with apple carplay integration. >> announcer: the following program is a paid advertisement for the food lovers fat loss system, brought to you by provida life sciences-- practical solutions for better living. >> i'm annette, i'm from studio city, california. i'm a mother of three, i weight 155-1/2 pounds. this is the heaviest i've ever been. i'm a size 10. ...and this is me now! i lost 25 pounds and went from that size 10 to this size 2 in just 12 weeks. how did i do it? i became a food lover. >> i'm a food lover and i lost 36 pounds. >> i'm a food lover and i've lost 50 pounds. >> i'm a food lover and i lost 60 pounds. >> i'm a food lover and i lost 82 pounds in eight months.

anthony: when jamie dimon was on the show and said the election isn't going to have any impact, whetherillary is elected or donald trump. remember that, gary? gary: yes. anthony: what do you think about that? >> from an investor standpoint, it's going to make them more nervous or more optimistic. gary: rick, you talked about having to prepare now for what happened in november. let's talk about how you position portfolios in terms of what you want to do for asset allocation which is preserving wealth and growing wealth. >> gary, great question, that's all that matters. all this noise, what goes on globally, we can't control any of that, an investor can't control it. the way i looked at investing landscape, how much do you in growth and income? where do i get yield against changes that could come? so today, we're more defensive. we're more invested in a variety of different investmentis and would say we're looking at a 40-50% allocation to yield and maybe on the balance, on growth, because to keith's point earlier, the s&p at 17 times doesn't create a lot of optimism. anthony: what sector

at least that's what jpmorgan's ceo jamie dimon thinks, and he sounded off today on regulations. >> i get a huge amount of complaints about regulations. there's no question it's part of what is slowing down the economy. i do think, i'm hoping the next president looks at it and says what's the good regulations, what are the ones that are just hampering and it's a normal thing to look at them, clean them up and do the right thing to protect the people, protect the consumer but also protect the economy. >> when you ask the question which is doing better, wall street or main street, the knee-jerk reaction is usually wall street. but as mike santulli tells us, this time around the conventional wisdom may not be right. >> main street has been outpacing wall street for the past year and a half. the stock market has gone exactly nowhere since thanksgiving, 2014. the quarterly corporate profits are down double digits. over that same period, more than 4 million new jobs have been created and average hourly pay is up almost 4%, including a solid gain for april, reported on friday. real personal

meantime jamie dimon will be on tomorrow morning. always fun. >> 35 minutes left in the trading session. the market continues to gradually move higher. the dow up 208 points right now. the s&p up 1.16% and the nasdaq up 53 points right now. >> and we've already talked about amazon going after the retail space. now, watch out. youtube. amazon is launching a new video service. >> up next, your money, your vote. john harwood will tell us what donald trump, hillary clinton and bernie sanders have riding on the nebraska and west virginia primaries which are under way today. stay tuned. >>> welcome back. voters hitting the polls in nebraska and west virginia primaries today. our john harwood has a look at what we should be looking for. hi, john. >> hi, kel. the thrill is mostly gone from the primary campaigns but there are contests today including a contest in nebraska where donald trump is running even though he doesn't have any active candidates left. most of the attention is on the democratic contest in west virginia where polling shows

stay tuned to cnbc with "squawk box" with jamie dimon.irst tune in to catch wilfred and sara on "worldwide exchange." thank you for watching. >>> good morning. it's the magic gone? disney shares plunge as earnings miss wall street's mark. >>> no deal, new this morning, staples and office depot call off their merger after a federal judge blocks the tie. >>> and ultimate valuation. the ufc is going to sell itself for as much as $4 billion. "worldwide exchange" begins right now. ♪ made you glad you came the sun goes down the stars come out all that counts is here now and now ♪ >>> good morning, welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> and i'm wilfred frost. you

iger, schultz, jamie dimon, but you are in the right area right now, and it is making sense and why i the starbucks right now. i like the name, and i think it is in the halftime portfolio and it is not performing well, but i believe it will. >> and it is amazing to think that it is back under $5, and so it is $10 off of the all-time high, and a little bit on the earnings miss on the last quarter, but that said, the comps, and the china comps used to be 22% on the year, and they have come down to rival the u.s., and the same-store sales for starbucks in the u.s. are incredibly strong. >> and bernstein calling that stock, and along with chipotle, yum, and outperforming and others, and the restaurant stocks are widely talked about. joe? >> i know, but i don't want to consumer staple this company, because where the rates and am trying to beat, and what i am getting on the treasuries, and this is a company all about the growth. it is expanding the growth, and by the way, excellent capital allocation strategy. >> and we will look for the rest of the interview later, kelly. and kelly evans j

jamie dimon calls you up and says, "we on the economy -- i'm kidding, we know he is not. to an anti-gloom person? bruce: he is in fact more optimistic than i think we are. ok forly, the economy is now. what we saw at the beginning of the year was misleading terms of where the trends are. the economy is still moving. the problems we have is with the underlying markets, profitability. there is medium-term concerned for that. for now, i do not think we should be worried about 2016. tom: what is so cool here is with rate rises, no one is talking about the economy. out thatt is pointed the difference between the slowness this year and last year is the q1 slowness was balanced with two other slow quarters. what would make you think that the fed is able to move twice this year? even retail sales, some of that was healthier spending? bruce: one of the differences between this year and last year, we believe that inflation is rising. we also think the dollar has stopped rising. a global environment that is feeling less scary. if you get those three things together, this is the fed

that man there, jamie dimon, will be on "squawk box" at 8:40 eastern time.that interview right here on cnbc. >> speaking of, the annual robin hood benefit that raises money to fight poverty. usher and zac brown performed. in the crowd, lloyd blankfein, john sykes, larry robness, there you see, bill ackman, paul tutor jones. it raised $16 million for charity. that has to be the most profitable fund-raiser in new york city every summer. >> by the way, how great is zac brown live? >> i haven't seen them there, were you? i've seen them in concert. >> who was the guy with the hair. >> jones. >> brans. >> my uva classmate. >> what happened to you, mathisen? >> wow. >> yeah. he's been extraordinary generous. >> excellent. >> hope to see you, paul, at the reu. reunion. our 40th, my friend. our 40th. >>> all right. 1,500 works of rare art going to the dwavl this week. including two master peels. a "power lunch" exclusive. standing next to one of those monets. nice to have you with us, brooke. we appreciate you being with us. >> thank you so much. thanks for having me

. >>> now this, jamie dimon, he's basically the top banker in america as jpmorgan's chief.ld do if he were in charge of the country. wait for it, this is what he said. one, overhaul immigration. two, expand the earned income tax credit. we will explain that one for you. and raise the minimum wage in some places. now there's food for thought. melissa francis, james freeman are both here. okay. first of all, what's this about -- well, it sounds very progressive to me from the leading banker. what's this about raising the earned income tax credit? >> yeah. it's not exactly pro-growth, is it? a lot of fraud in that program. you know, he does better when he's talking about the burden of regulation, and i think he's been one of the few bankers who's been willing to speak up in this era. here he's kind of verging into what looks like a more kind of politically correct list of agenda items. but i think we -- he really ought to be talking about growth. stuart: he sounds like -- yeah, absolutely. he sounds like he's on hillary's team. that's what he sounds like. >> well, he is tradit

we've got a big guest, jamie dimon. stuart: billionaire hedge fund guy. >> doesn't do tv rarely, a lot of interest tonight. stuart: wonder what they'll do when they change the-- >> most of the hedge fund guys, when i met with donald trump he told me he would refer me to his accountant. good times. stuart: and how about this, lower sales at john deere, the tractor guys. i bought a tractor off him. nicole: you need a lot more tractors to help them out. stock is down 3%. j.p. morgan says cold rolled steel is up over 50% this year. that's hurting not only deere, but all the other names, caterpillar and the like. and the big picture here, farm recession, weak construction, and may lower the outlook, stock is down 3%. stuart: nicole, thank you very much indeed. deere down 3%. let's check the big board. that's going up 76 points this friday morning, any unease over the egyptair situations? any unease, june and july, pretty much out of the marketplace as of now. and it may raise its ugly head later. has of now we're up, 17-5 to