. >> and rupert tweeted and it caused a big kerr if yo if you . i know why.ause we have all the things that they want. >> rose: you know what's interesting, the idea that somehow young people don't like news. >> it's wrong. >> rose: it's wrong. >> 100% wrong. >> rose: it's totally wrong. >> our success on youtube is o news content. it's so successful we're launching a news channel with google, 18 languages, 18 countries, 24 hours a day, because it has been so successful. ?owrks they are turning off traditional news, and that's i think the fault of trcialght're traditional news media -- >> what's the fault? >> if you're gen-y and grew up during the last invasion of iraq, especially in afghanistan, and what's come out since-- there were no weapons of mass deruction. anyone with ha a brain knew saddam hussein and the ba'ath party was a secular regime that were anti-al qaeda. but it became seen as almost anti-american to question theinivation, and you say i thought that was american to question government and powerful people. and i think it was the failure of the

s rupert murdoch tweeting, the bank would be up a creek without dimon, calling him one of the smartestughest guys around who didn't bend during the financial crisis. former ge chair and ceo jack welsh tweeting, dimon's results through the financial crisis earned him the right to hold both titles, calling him a great leader, while the oracle of omaha says, he's 100% behind dimon. >> i think he should maintain both the chairman and the ceo -- >> i think it's fine if he does, sure. >> so you're on board, not just as an outside observer, but also as a shareholder at jpmorgan? >> right, right. >> but it was also under dimon's watch that we saw last year that $6 billion lost in the london whale trade, and that's prompted proxy adviser glass lewis to recommend jpmorgan shareholders vote for splitting the chair and ceo roles in the interest of corporate governance. on "squawk box" this morning, bar barry diller called it the wrong move. >> jamie dimon is as good as an executive, if you searched high, low, for however much time you wanted to you and you landed on jamie dimon, you would have do

and i want to put up a tweet from rupert murdoch. do we have it, guys? maybe. right now. it's a tweet supporting jamie dimon. >> and one from jack welch. >> he said he supported jamie. >> jpmorgan would be up a creek without jamie dimon. one of the smartest, toughest guys around. didn't bend when times got hard. should also note, was it -- who was it? peter from breaking views. >> yeah. and he said, and i think it was a good point, if you worry that he has too much concentrated power, maybe an endorsement from rupert -- >> here it is. jamie dimon has too much power. >> they have had all these big problems lately. >> where does everybody come down on splitting the chairman role, specifically jamie dimon. i'm not against this idea philosophically but i'm not sure i would start with jpmorgan and jamie dimon. >> this is one of those things it sounds great. we split it up. we have accountability. you're creating another high-priced operation of the company. somebody who has a staff. and if the thing is running reasonably well, what do you need it for? if it's not, fi

s rupert murdoch tweeting this, j.p. morgan would be uppa i creek without jamie dimmon.artest, toughest guys around. didn't bend when times got hard. >> it's not all diller said. he said iss was a destructive force. he said that smith the role is a bit of a charade and if they voted that way they would be dopes. >> he is not, number one, short for word which is is one of his attributes. he says it like he sees it. he has a lot of support among of the his peer groups and that, of course, because j.p. morgan has made a lot of money. >> we'll see shareholders in a week and a half. >> guidance below the estimates yesterday. we'll have a live and exclusive interview with the ceo, jeffrey boyd in just a few minutes. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> welcome back to "squawk on the street" and the last santelli exchange of t

we had the tweet from rupert murdoch.ot of money on that. is he right? >> i don't think he's right. i'm not sure what he means by that. when he acquired myspace, mark was investing in the product. think never got to real names and real identity. they spent a lot of money on music licenses that others had. and when myspace and facebook were similar in size, mark never believed they were in the same business or community as myspace. maybe he has sour grapes. i don't know. >> well, at one point he thought it was worth $15 billion. we can remember that, too. yeah. exactly. >> yeah. >> well, that was a wild. he should have done it. good thing you didn't. >> exactly. >> some people say facebook face public too late. i'm curious, you bring us up to date on the possibility of an ipo for your company. >> well, you know, we don't talk about those things obviously. we look and most people out here look at ipos as a form of financing and so the company is well financed now and but if we choose to raise financing in the public markets

the picture made the cover of rupert murdoch's "new york post" and sarah palin tweeted, mr.nt, when it rains it pours but most americans hold their own umbrellas. she think this is is a scandal, too. well, miss half governor, i hate to rain on your parade but lots of politicians don't hold their own umbrellas, including a certain half governor from alaska. president reagan had someone else hold his umbrella and so did president bush. look. it's john travolta, apparently president bush went to hollywood for help because when he tried to hold the umbrella all on his own, it didn't work out so well. 40 years ago watergate was a real crisis but today the right wing takes anything this president does and make it is into a scandal. joining me now are joe madison and lauren ashburn. thank you both for your time. >> hi, thank you, reverend sharpton. >> joe, doesn't this show how desperate the right wing is to try to do anything to make the president look bad? >> it is. they ought to open up a few history books and read what watergate was really about. >> right. >> it also shows what

you even tweeted responding to rupert murdoch. it makes perfect case for flat tax. nothing could be fair and abuse free. >> absolutely. they can go after anyone. you can literally do it in a few strokes on the keyboard or a single page. you can do the same thing on the business side. simplicity is the best enemy of the abuse of power. lori: does anyone achieve this status? >> the nice thing about the flat tax is with the low rate, you do not have these deductions anymore. you do not have to worry about what is a mortgage, what is a home office, and less you have a small business. the terms of the charities, the contributions are tax free. that is where the irs gets power. under the flat tax, that goes away. many worry that this will be the end of charities. people have more and they give more. that is the way to go. ashley: one of the sidebars that is developing is a handful of politicians and commenters that are coming forward and suggesting that gosh, i was just contacted by the irs, i wonder if it was a coincidence. >> i think more and more are coming out. i thin

i want to put up a tweet here from -- rupert murdoch this week. responding to the irs story.ove that rupert murdoch is on the story poll way to handle the irs story is for a special prosecutor. one politicized government investigating another arm, bad week. used the term special prosecutor. i want to talk about it because -- after watergate we had this explosion of independent counsel special prosecutor, lawrence wolf, during the clinton years, it just -- went crazy with it. that seemed to be the standard call by the generation. every time there was any hint of any scandal near the opposition party calls for a special prosecutor, i think we saw with ken starr, lewinsky, clinton stories, people saw the excesses of that. have we reached a point rupert murdoch is calling for it, i'm not hearing this echoed a lot in the political system now. are we past the special prosecutor? >> of course. you are going see the opposition call for a special prosecutor. that's their way of trying to focus attention on this so-called scandal. but -- i don't think you are going to see the obama adm

rupert murdoch says it is losing its cool factor. he was tweeting today.up the myspace fumble, news corporation bought myspace and that didn't work out very well. >> right. liz: two totally different stories. nonetheless you have to people talking about this. it is about facebook. it is not about a fumbled ipo. >> it is what is facebook. they got past the ipo problems. it is about what facebook continues to do to grow and grow revenue. when you look at emerging markets growth according to e-market would be india. i wouldn't call facebook the american motors gremlin of social networking world. liz: of course. >> that is now a hot car. it was a dud for 30 years. but it is hot now. liz: thanks, shape shachlt. russell small cap stock index, really outperforming the s&p over the past month. we don't usually look that short term. look at this, when you start to see the yellow line jumping above the blue line, the russell hitting another new high today. that catches our attention. we brought in a money manager who specifically looks what comes in small packages.

the day comes from the "huffington post" which tweeted out a roundup of this month's best celebrity real estate, including vineyards shown here at rupertate in bellaire and horizontal shower rooms at the mansion hugh hefner bought for his new bride, crystal harris. [ jackie ] it's just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaucoma, or can not empty your bladder, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive, operate machinery or do unsafe tasks until you know how toviaz affects you. the most common side effects are dry mouth and constipation. talk to your