President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Right after the merger of Travelers Group and Citicorp in 1998, Weill fired Dimon, abruptly ending a 15-year partnership that saw them build a financial services empire like no other at the time.
Dimon was doing "very well and he thought he was ready to run the company and he probably was," Weill admitted during a "Squawk Box" appearance. "But the only problem was, I wasn't ready to retire."
"So we began to not cooperate," Weill continued, "and that was not a good way to try and run a business."
Weill said he has not talked to Dimon recently, but joked that he's "open to receive a call, if he calls me."
Read more from Sandy Weill's "Squawk Box" interview:
No bank breakup needed with right regulations, says Sandy Weill
Sandy and Joan Weill make $100 million donation
CNBC.com op-ed: Philanthropy isn't just money
Weill also said the infamous "Greenbrier incident" involving Dimon and another executive did indeed happen. He described it as "a little fight on the dance floor," which happened at a company function at the West Virginia resort right after the Citigroup deal.
As for Dimon's ability as chairman and CEO at JPMorgan, Weill said, "Jamie is very smart, and I think he knows the business probably—the whole business—as well as anybody that's in the business."
"JPMorgan did better than any company through the recession," he continued, "and came out of it stronger."
Weill said Dimon made a mistake when he initially talked about the "London Whale" trading losses as being a "tempest in a tea pot"—comments Dimon has repeatedly apologized for. Those losses eventually added up to more than $6.2 billion, and had resulted in Dimon being summoned to testify before Congress.
"I think it's very fashionable to go after bankers," Weill added. "So Jamie's turn at bat is now."
The "Whale" fiasco had also led to a very public debate heading into JPMorgan's annual meeting last spring, over a proposal by activist investors to strip Dimon of his chairmanship. The shareholder vote had ended up going his way and he kept both titles.
Addressing the school of thought that companies would be better off separating the chairman and chief executive officer jobs, Weill countered that "it's a much better model to have the same person being … chairman and CEO than splitting those positions."
"If you look at the companies in Europe that have these split relationships, they not only haven't done better, they've done worse," he argued—adding that he liked being both chairman and CEO because he got to "set the agenda."