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Welcome in this morning. Were live at the mobile World Congress in barcelona. The dow is almost exactly unchanged ahead of a big night for the president tonight. Laying out his plan for the budget, defense spending, reaching 3 growth, something that has not been done since before the recession. Good morning. When you say all of that there is a real legislative log jam building here. You get a sense from the president that he is really wrestling with some of the grim realities of governing in a town that is so deeply divided. Here is what he said about his spending initiatives. I think the money will come from a revved up economy. You look at the numbers were doing, were gdp of a little more than 1 . If i can get that up to 3 or maybe more, we have a whole different ball game. Its a whole different ball game, and thats what were looking to do. He also expressed frustration with the complexity of health care reform. Here is what he ....
We begin with jamie dimon, Jpmorgan Chase ceo sitting down with jim cramer in just a little while. His bank out with earnings that did handily Beat Estimates, results from rival wells fargo, also above expectations. Senator Elizabeth Warren leading a new charge to break up the banks with an updated version of the 1933 glasssteagall act. The Company Warns q2 and full year will likely fall short of expectations. And carl icahn kind of sweetens his offer for dell. Whats it going to mean for that vote next thursday . We will discuss. Big day for us here. As we said, jamie dimon will be here at the nyse. Cramer with an exclusive interview at 10 00 a. M. Eastern time. A lot of things to talk about in the program. Are you ready, skee daddy . Ive got the ceo on my left her ....
Interesting. Okay. You tied it in to dell and jpmorgan and everything else. Excellent. Larry, thank you. My pleasure. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. Stocks had a pretty nice day yesterday. The s p closed at fiveyear highs. We are looking to the down decide this morning. The dow looking to lose about 62 at the open. The picture in europe, a couple of downgrades for gdp forecasts from both the German Government and world bank. Italy is down by 1. 5 . Road map this morning starts off with the banks and earnings. Jpmorgan higher. Goldman sachs at 18month highs. Japan airlines grounding their entire dreamliner fleet. Dell shares falling this morning after david faber reports that a deal could be announced within two weeks, but at a price of 13. 50 or 1 ....