Awful color on CMYK jpeg images

I have recently encountered a problem when i import or open CMYK jpeg images and it oversaturates the color and looks horrible. I cannot figure out what is going on and it's driving me nuts. Attached are screen captures of the CMYK image, a RGB image that looks like it should and the color management window. I've tried a few different settings but nothing works. HELP! it does this in Draw and PhotoPaint