Check out the stock market in the early going. Right now, the dow futures are up by about 19 points above fair value. S p futures are up by 1. 5 and the nasdaq is up by 3. 5. If you were watching oil prices, youll see right now theyre down by half a percent. 104. 85 for the wti. The tenyear note at this point is yielding 2. 556 . Take a look at what the dollar is doing this morning. Youll see right now the dollar is up against the euro. Euro is at 1. 366. The dollar is down both against the pound and the yen. The yen is 101. 44. Gold prices look like they are up barely, 1,327. 80 an ounce. Among our market newsmakers, we have jim grant, jim paulson and andrew ill send it over to you. Thank you, becky. Our top corporate story this morning, jpmorgan chairman and Ceo Jamie Dimon announced late yesterday has been diagnosed with what hes calling curable throat cancer. Kayla tousche joins us now with more on the story. A lot of people on wall street and washington are talking about this situation. All up and down the quarter. It was a surprise to shareholders after they got this memo yesterday after the market close where jamie dimon disclosed the diagnosis which came earlier this week. The most important part weve been mentioning is that the cancer is curable and and it is localized in one area. Dimon said hell begin treatment shortly, roughly eight weeks of chemo and radiation here at new yorks memorial Sloan Kettering hospital. In the meantime, he will continue to run jpmorgan. In the memo, he says the treatment will, quote, curtail his travel and during this period i have been advised that i will continue to be actively involved in our business and we will continue to run the company as normal. Our board has been fully briefed and is totally supportive. His prognosis is for a full recovery. That prognosis is good, but it brings the issue of a successor. Given the fact that at this point we dont know how the treatment will affect him over the next couple of months. Here youre looking at a graphic that i know joe will enjoy talking about as he has criticized our coverage of some of the thanks for sharing that. Youve got the successors all ready to go. Lets talk about them, go ahead. Gordon smith is the chief of the consumer unit. He joined just a few years ago and he will be the principal candidate at least in the near term. There are others, including the head of the Investment Bank in mary erdes, as well for several years at this point, too. That is something that the board, andrew, will be thinking about. He is a galvanizing figure, but a unifying one. Certainly theres a lot of support for him to make a full recovery and a lot of people. And we send our well wishes, as well been stay with us. We want to continue this conversation. I want to bring in our cnbc contributor. Weve seen a number of people with companies who have had Health Scares over the years who have gone through this and been fine on the other end. Warren buffett looking becky is probably but at his own problems, Prostate Cancer just two years ago. This is curable. Because its curable, how does that change or not change the way you think a board is supposed to think about this . Well, i think thats a very important question. Even though we have worked over the succession issues, it is not exploitive to take a look and make sure that this board does have a deep entry. They do. For all kinds of reasons. Jamie is 58. He tells us he wants to stay on for another five years. With this prognosis, i think theres a very good likelihood that he will. But you still have to take the hat off and salute the board for disclosing this early. Yeah, Warren Buffett was a good example, andrew. You mentioned bouchet, would is another good example. Plenty of others, mike walsh at teneco, joe might remember that one. We never heard from steve jobs. Apple is a terrible example. We were given misinformation that many reporters believed and swallowed. We were following apple jets around to see where he was. And found out he had a transplant in tennessee or something, right . We didnt find that out until late afterwards. He didnt officially step down until just before he sadly passed away. We had William Black chockfull of flat on his bed for two years. You find less dramatic examples. We talk about Pinnacle Foods on that near deal that went through last month with tyson. As the ceo there had been the ceo of kraft, he disappeared for weeks. Nobody knew where he was. So theyre a company that had a large stake in them, philip morris, altria, ceo stepped in in a custodial way. But the information wasnt out there. Steven ross, time warnerer, we see a lot of bad examples that have come in where people havent shared the information. And i think this board, being so quick, jamie surrendering health privacy, ceos have to surrender their privacy rights in this kind of matter, Succession Plans, theyve offered some names. Theyre excellent names out there and i think thats quite encouraging. But strength is continually very strong. We had this discussion, i know you feel we have it a lot. I remember the did you just i remember the three people. Werent they the same ones you did three months ago . They were. Three months ago. When mike stepped down, there were different names. We see with these names, we learn more about them, that they have a tremendous strength, that, you know, matt zames, he stepped in as the cio to take over at a time of distress. People have been Battle Tested in a lot of different ways. And i think that that is pretty exciting. Do you believe that and battle test sg a good word, too, because even though he will continue to run the company daytoday, this will give an opportunity to some of these deputies to actually take on more responsibility should they need the to and prove their worth in some way. But there has been a view that this is a firm that can only be run by jamie dimon to some degree. When we had the debate about chairman and ceo, there is an argument to be made that there is a jamie dimon premium in terms of how investors think about this firm. Is the firm so battle test and had so bench ready that it is just a toll booth and can operate irrespective of who is running it . There are firms and, of course, in recent crazy headlines weve talked about all these grotesque founders who have been overplaying their hands in so many ways. We see the boards felt they were kind of wrapped around the charisma of a creative founder. Thats not the case in this situation. There are a group of ceos that dont exit unless its a feet first exit. Theyre call monarchs. Jamie, we have lots of examples, has just done the opposite. And the people who have left, they are net producers of talent for other companies. There arent a lot of banks that do that any more. You take a look at where mike cav noo gnaw has gone, the increase in salary to go to carlisle as president and jess elliott at blue mountain. This board is not to be rifled with. You have the former ceo of kpmg on this. You have this a guy who lives, the head of the audit committee, he lives that job full time. Hes belting around the country all the time. Hes not flamboyant, hes not grandios. A lot of people dont know his name. Jim crown i think thats done a very good job in the risk policy committee. There is significant depth on the board. Even though we always think of these big institutions as institutions, i think of them to some degree as sxeem to the degree that clients are loyal to people and not institutions, you know, a lot of emails i got last night were from clients, people who are jamie dimon people. There are some people who are jamie lead people, some people who are but people. And the question i would just ask to you is how many of those people do you think are institutionalized . Jamie dimon has proven himself many times over. Hes a come back superstar in his personal career and brought a 48 return to stock price in this company and despite the crazy pounding of some of those approximatelies he had, they still turned to record profits. So thats a hard act to follow. However, the loyalty is now to the constitutionalzation of who jamie is. You can find companies where it is the individual. Here, jamie does a good job of bringing forth these other names. They get a lot of prominence. Theyre well Battle Tested and experienced again elsewhere. The head of Consumer Banking there was a very big start at American Express for a quarter of a century. Steve jobs, people worried if there was a good team back there. Kayla, thank you and john, thank you. Im sure were going to continue talking about the topic throughout the broadcast. When we come back, will the july 4th weekend be a washout . We get a forecast after this. I didnt even know this storm was coming until yesterday, but look out. Its going up the east coast, i think. Theres also something smoldering at hookup and dataing app tinder and not in a good way. Crazy, crazy story. More squawk box right after this. What if my abdominal pain and cramps come back . What if the plane gets delayed . What if i cant hide my symptoms . What if . But what if the most important question is the one youre not asking . What if the underlying cause of your symptoms is damaging inflammation . For help getting the answers you need, talk to your doctor and visit crohnsandcolitisinfo. Com to get your complimentary q a book, with information from experts on your condition. Welcome back to squawk box. If you dont know by now, the u. S. Has been knocked out of the world cup after losing to belgium 21 in extra play. U. S. Goalie tim howard was amazing. He set a world cup record with 16 saves. Now the u. S. Team will need to qualify again on the road to russia if youre watching in 2018. And such a heartbreaking game. They were so great. He was great. The ball seemed to be im not going with heartbreaking because it looked like they were not going to you have to be oh, i watched the whole thing. It was so close. It was a heartbreak because they came back. In the last memberships, the u. S. Had a chance to put it away. To the far side, it looked like we needed to practice a lot more for the next four years. Yeah, but tim howard was so amazing. I did see a graphic where it showed the shots on goal. Did you see how crisp the passes were on belgium . With us, we got the ball and said we have the ball. To me, it locks like the way its reflective of american personality. And im a fair weather fan. I dont know anything about the sport or anything, but we watched and it looks like maybe different look, even the announcers, the american announcers were admitting that they were getting completely dominated in terms of play time. But the parts that i saw but its the way the americans play, right . Theyll take a shot at it. Theyre like, no, entrepreneurs are crazy and theyll shoot for anything, they go and they written. Theyre not as more shots than any goalie in u. S. In world cup history. And they had all these chances. It looked like it could have been 1630. It isnt quite as much of a thriller. We all got caught up. That very first goal out of ghana that we scored right out of the box got us rolling. But then the portugal game when we were up, 21, that was the highlight for me. We came back in the last minute of regulation play. Germany. It was there are conservative websites that point out that its a really the people who are watching are all liberals. And that its only youre not. But theyre saying the argument for that is because its the only place that america can ex either its dominance and crush everyone. Right. Thats for sure. Because we essential did not do that. I thought you said you were into it. I saw it, but it wasnt a poll. It was a it said 30 of the country is watching. Thats a poll, isnt it . 30 of the country watching anything, that was amazing. Only 30 of the country wag following it. I cant believe youve changed your mind. I havent changed my mind. I havent changed my mind and we should be proud. I am proud. They went a long way. But they need they definitely need to practice a little bit compared to belgium looked like they were going to win the world world cup yesterday. You know eight of the guys on the belgium team play in the english premier league. It was basically we were playing manchester united. I know. I know. They did an amazing job. Just watching it, i just didnt feel real confident through the whole game like we were really going to just kick their butts. But it had a lot of drama, kept me at the edge of my seat the whole time. For a game that was 0 will have 0 for the first 90 minutes, amazing. But the times that even we did have a chance to score, it didnt look like i mean, they were setting up play after play. I told andy, it looked like on the first period it looked like we were playing with broken noses. And we were hurt. It looks like it was a halfcourt field in the first half and then a halfcourt field in the second half and not on thats what i mean. Tim howard was amazing. Because the ball was there the entire time. We would get it and we would be so happy to get it. It reminded me of lundqvist, only worse for the rangers. It was exciting, though. Could the fourth of july weekend be a washout along the east coast . Were going to get the forecast from the weather channels alex wallace. Its going to be a wait and see situation as we get to the fourth. Clearly, the potential is there for some of you on the east coast to deal with an impact. All thanks to our first named storm of the season. Tropical storm arthur, here is the latest advisory. Sustained winds at 60 miles per hour. Right now, 90 miles east of cape canaveral. The bigger impacts here in florida will be felt well offshore. Here is the radar showing you what some of the rain is. Mostly to the south and east of the system down towards the bahamas. Seeing some of the downpours and the gustier wind. As you look at the winds on the east coast, ranging about 5 to 10 miles per hour. Youll head offshore, 43mileperhour winds being measured by a buoy. Severe impacts will be felt offshore. We have Tropical Storm watches up from the melbourne area, up towards daytona beep. There will be spots we have to keen an eye on. That extends farther north now. Myrtle beach up towards wilmington. Now a hurricane watch includes the outer banks of north carolina. That will be an area that we watch the potential for hurricane conditions here within the next 36 to 48 hours. Arthur, here we are. Where is it going to be heed . Off to the north and curving to the north and the east. Notice here those winds are increasing. We could be talking about a category one hurricane potentially impacting us here in the eastern parts of carolinas and noticing as we head towards the weekend, generally remaining offshore. Were still impacted, at least potentially could be impacted here along the southeast coast of massachusetts abdomen we get into the early part of the weekend. Well be watching this very, very closely. A jog to the west could mean bigger impacts for parts of the east coast. Well send it back to you guys. Thank you for that. Im hoping the weekend is going to be okay. In the meantime, we have a crazy story. Did you guys see this . This is like pure wonderful business tabloidness. Dating start up tinder do you know about tinder . I know what tinder is. Ive never used it. Its a crazy hookup app, right . Its a hookup app. You say is there anybody around here who wants to hook up . Youre asking me you get pictures and pick the ones that this is a hot or not hot. And they choose you and you choose them, then weve talked about that other one that was like this. Magic can happen. What was the other one . Work with me. Oh, the one we thought it was a fake one at first . Yeah. Where you had to put your name in if you were interested. And it worked through facebook, right . Right. It was the same concept where you both had to say youre interested and you dont know whether the person is interested. Until they tell you afterwards. Tinder, though, is like thats something to start a fire. Start a fire. Not familiar with it. My kids are 14 and 12 and im 58 and totally, you know, married. So no, i dont know about it. Let me tell but the other side of tinder. Tell us what you know about it. This is do you know her . I dont know her. Would you like to . We should have her on the program. We should because i believe, if thats who i think it is, tinder is now the target of a Sexual Harassment lawsuit. A former executive whitney wolf, i believe thats the picture i just saw, i could be wrong, suing the Company Owner saying tinders ceo dejected her to a barrage of horrendously sexist, racist and inappropriate emails and Text Messages. Check out the new york post. Paper saying now the tintder ceo sean rad has allegedly described boss barry diller using some colorful language, words not exactly appropriate for tv. Were not going to explain what that means, but you can go check it out probably in the new york post. But if you look at the Text Messages, i felt horrible for her. This guy, who they were dating, apparently. And then she must have broken up with him or something and he then she then saved all the Text Messages and this guy treated her horrifically. How you could actually hang out or work in an office place with somebody saying the things that he seemed to be saying to her quite difficult. This is always breakups are never good. The challenge with breakups and breakups inside the office are even more complicated. What were you cant give us any did he say details . Do you want redetail . I think i cant, actually. Really . A little too much . Theres a lot of colorful language, a lot of descriptive language. Like red, purple, green and things we probably shouldnt talk about. But, you know, our audience does have google and now a lot of people have multiple screens in their home while theyre watching so they can go check it out. Okay. Microsoft, meanwhile, is teaming up with qualcomm and other tech companies. They want to establish standard ways for household devices, light bulbs and thermostat toes talk with each other. Remember wink . It was just yesterday, wasnt it . Just yesterday. This is important because many Smart Home Products being launched are incompatible with each other and analysts compare the current environment in silicone valley to the rivalry between beta mac and vhs. That video format was three decades, already. I guess it was. If theres anyone that still has a beta mac, those were big clunky looking things, werent they . I like the vhs. I dont know if we have a vcr to play any of those any more. Yeah. Those big a special vhs rewinder. If you didnt want to cue the vhs machine to rewind it because it could break it. Us