partner with pgim. the global investment management businesses of prudential >>> ahead of friday's jobs report a big number from adp today showing 246,000 jobs created in j ed id in january. rick reader is the chief executive officer at blackrock. he is with us today once again. rick, happy new year. i don't think i've seen you since then. glad to have you back. >> you, too. thanks a lot. >> so adp was darn good. what does that do now to the fed? >> it's an indicator on the employment number on friday. we still have to get the employment number on friday. i think it's an indication that growth is improving. we're seeing a system that is reflating. it's well beyond just a new president. i think the fed has got to start moving. i don't think they're going to tell you much about that today. but i do think that the fed has alluded to going three times and, you know what, you can actual he see them go a bit more than that to four times potentially this coming year. but adp is just confirmation of the data co

partner with pgim. the global investment management businesses of prudential companies across the state are york sgrowing the economy,otion. with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utility. experience amazing. i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) >>> welcome back to the "halftime report." hockey fights cancer. private equity and financial execs hitting the ice at madison square garden to raise funds to fight neuroblast open wh

partner with pgim. the global invesenmanagement businesses of prudential >>> we also heard from warren buffett about apple. apple is berkshire's second largest position. $17 billion worth. bought more this year. hasn't bought since earnings. weiss, you've been a buyer after throwing shade all over apple. >> he owns a little more than me. just a little. >> just a little. >> yeah, look, i bought it. and i bought it because i just thought that the cycle for buying in at vance of the upgrade and this can be a huge upgra upgrade, is getting shorter. so people are taking a longer time or buying it further in advance of the upgrade cycle. that's why i bout it. >> best out performer month to date, by the way. >> my timing was good. >> up 13%. >> it keeps going. i always thought it was parkt market stock and part cycle stock. seeing the cycle. the only thing going forward now with it getting so competitive with the teleco company, wireless, you're never going to see the subsidies go away on the phones. i wouldn'

partner with pgim. the global investment management businesses of prudential >>> stocks are in rally mode, the dow and nasdaq hitting record highs. technology is in the lead, dow industrials and consumer staples, squawk on the street will be right back. to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. i'm vern, the orange money retirement rabbit, from voya. i'm the money you save for retirement. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. with the deduction findingo

partner with pgim the global investment management businesses of prudential. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utility. experience amazing. hthis bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade >>> we have a news alert. >> dan loeb dropped on this friday evening. he's a third point. it's clear that in his new position he's very interested in financials. he took new stakes in bank of america, j.p. morgan, goldman sachs. in terms of things that

partner with pgim the global investment management businesses of prudential. >>> amazon's planning to build a $1.5 billion worldwide air services hub at cincinnati northern kentucky international airport, cvg. the company's prime air hub will be its largest in the world. officials say the project will bring up to 2,700 jobs and 40 boeing 767s to the airport, 900 acres, guys. this is a major effort in an important part of the country. and now analysts are trying to read into whether or not it points to larger plans in terms of third-party logistics. >> important in a couple of ways. proctor and gamble is right there by cincinnati, an important customer for amazon right now, or supplier for amazon when it comes to moving further into the home, but also, kentucky is one of those spots where early on amazon was putting these distribution centers because so many roads do run through there. so, just logistically very important spot. >> centrally located. you can get a lot of space there. but also interesting for critics who say that the prime services are only used by people in big cities l

partner with pgim. the global investment management businesses of prudential did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. "halftime report." i'm seema modi. looking at shares mobileye spiking. a new pack on autonomous driving. seems similar to what waze does for crowd sourcing to power the data. the two companies are planning to introduce this in 2018. looking at shares of mobile eye up 7%. back to you. >> seema modi with the latest there, thank you so much. >>> back with mick mcguire. want to ask you about deckers. you filed last week with a 6% stake. you want to engage in discussions with the board. i'm curious as to what exactly do you want from deck

partner with pgim the global investment management businesses of prudential. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> welcome back to the "halftime report." jon najarian now with today's unusual options activity. >> judge, conocophillips, cop. see a lot of stocks in the energy space in particular. and some of the oil and gas exploration companies that are represented by xob. but this one, cop, judge, big buying in the 52-50 calls in april. so the stock basically has got another three bucks at least of upside to get to that point. but they bought these calls aggressively from 94 cents on up to about 1.25 and trading $1.44. people are really betting this thing might ramp. hockey stick, if you will, judge, over the next several

partner with pgim the global investmenmanagement businesses of prudential. >>> all right. welcome back to the "halftime report." the smh up 55 'over the past year and mkm partners think the stocks have more room to run. that firm initiated on the chip sector today. pete, this is right in your wheelhouse. micron assumed buy. >> yeah. >> $30 price target. >> yep. >> caveom buy. intel buy. bro broadcom buy. >> you're seeing sky works as well and -- >> all-time high yesterday. >> they're talking about margin expansion. if you believe in the apple store, then, yes, i think this is the right call. i think these chips for the most part, not all of them, for the most part they either trade at very low levels in terms of pes or their balance sheets are incredible or they have growth somewhere in that chain, whether it's expansion growth or growing others areas where it's earnings, revenue, whatever. there is enough growth here in the chip space. >> that's why i went to you first. courtney gibson with us as well. president of luke capital. >> good to see you. >> do you like this spa

partner with pgim. the global investment management businesses of prudential it's your tv, take it with you. with directv and at&t, stream live tv anywhere data-free. join directv today starting at $35 a month. no extra monthly fees. >>> by one measure the stock market is at its calmest, its quietest since 1962. is that an opportunity for you? find out at tradingnation.cnbc.com. more "squawk on the street" coming up. >>> dow's down about 64 points. let's get to the cme group. rick santelli with the santelli exchange. happy friday, rick. >> happy friday, sara. i'm glad jim bianco is here. last guest of the week. thank you for being here. we found a topic in the last few minutes and switched everything around because we connected with this. the notion that investors domestically and globally are missing something, that generic channels and newspapers that never cover business are more professional on that the sky has to fall at some point that these markets just aren't sustainable. i give global and domes

partner with pgim the global investment management businesses of prudential. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. it's league night!? 'saved money on motorcycle insurance with geico! goin' up the country. bowl without me. frank.' i'm going to get nachos. snack bar's closed. gah! ah, ah ah. ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> welcome back to the "halftime

partner with pgim. the global investment management businesses of prudential >>> welcome back to "the halftime report." i'm jackie deangelis. crude oil falling nearly 1%. scott nations u.s. production, 9 billion a day. is that the biggest problem for oil right now? >> i think the biggest problem for oil is 519 million barrels in stockpiled, the biggest stom stockpile, highest level since 1982. if there is any good news it's that we saw the smallest build this year. it's tough to see because we have so much crude oil. but it looks like opec is finally turning the tide with their production cuts. >> brian sutland, what will it take for oil to break out of this range? we've gotten very close to 55, but can't get out. >> right. we are stuck in this range, top side of 57 going back a couple of years is where we're at here. it will need a change in the demand curve. we've seen the supply side, meet and bump up against opec and russia. somehow they've all come to the same page. everybody is happy right now. ev

partner with pgim the global investment management businesses of prudential. >>> power lunch starts in 22 minutes. here's what's coming up at the top of the hour. big exclusive. you can't miss it. it's target ceo. he's going to weigh in on the retailer's profit miss. the big miss in guidance. the stock is getting hammered, off by 12%. you knew that if you were watching "halftime." does the ceo have confidence of the board. >>> charles schwab, cutting fees. what it means for the brokerage stocks beyond the big sell-off today. >>> and then, the countdown to president trump's big speech tonight before congress. a lot of promises. can he make the sale? now, sue herera has a news update. >> i do. thank you. here's what's happening, everybody, at this hour. hundreds of former employees of sterling jewelers the sarnt company behind jared and kay jewelry chains is claiming that its ceo and other company leaders presided over a culture that fostered sexual harassment and discrimination. that's according to a private class action arbitration case made public over the weekend. signet is the paren

partner with pgim the global investment management businesses of prudential. i'm vern, the orange money retirement rabbit, from voya. i'm the money you save for retirement. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. so what else is new? humm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird. >>> look at the dow now, it's up 75 points. every time we check it seems to move up a few more points. janet yellin was on capitol hill speaking about the economy. you can see how it went from being red on the open to green she spoke about how march won't be ruled out, it's a live meeting so to speak. people getting their heads around the idea that rate willing will be raised more than once this year. >> there's a mu

partner with pgim the global investment management businesses of prudential. >>> we have word that president trump is expected to meet with top u.s. executives on friday, and just moments ago one former ceo just officially joined the trump administration. our john harwood has the details. john, as the white house guest list continues to look like the cnbc guest list. >> exactly, sara. we know the president likes chief executive officers. he has just gotten one. rex tillerson confirmed as his secretary of state. 56-vote majority in the senate confirmed him. watch these four democrats in the future. they voted for him. mark warner. joe man chan. heidi heitkamp of north dakota and the independent angus king of maine. those by definition become potential votes for other cabinet nominees though that's not a predictable process. the president will continue to meet with ceos this week. tomorrow he'll have executives from harley-davidson come in from milwaukee. he'd been initially scheduled to go to milwaukee. there was speculation that he canceled that trip because of the prospect of mass protests

partner with pgim the global investment management businesses of prudential. and now we unleash it onwerful your taxes.pecies has created. hello my name is watson. yep. h&r block and ibm watson together. come see us and get your taxes won. >>> twitter will report its earnings tomorrow morning. julia? >> the big question is whether twitter can jump start its growth. a test whether the changes to the service are. the most important number is user growth. last year twitter added 4 million users. this year the could not sense us is that growth will had home run had drop to 2.million users. they are predicting accelerating growth and increasing engagement due in part to president trump's tweets. the revenue is projected to grow. we'll be looking for commentary on the impact. not just of trump's twitter practice but also various changes such as the increased focus on video content including nfl live stream. we'll to have 73 there's any commentary on growing competition from snap inc. >> thank you. and shares were up. they took it down behind us. >> 3%. yeah. the use

partner with pgim the global investment management businesses of prudential. >>> welcome back. 9th academy awards are this sunday and 16 movie stars and a long line of producers, directors and craftsmen are hoping to take home one of those golden statues. we look behind the small business that's behind that figure. >> it's called polish tech. for the past three and a half months the company has been working on the oscar statues. they are known for making those oscars but has been around for 47 years working with famed sculpt sculptors. the oscars account for 1% of their annual business. >> it's a big project for us. it's fun. exciting. gets us a lot of press and attention. it typically, our role in projects where we're working for sculptors we're behind the scenes. >> reporter: the oscars are made in 12 steps including being shipped to brooklyn to be plated in gold before being sent back for assembly. >> each one of these bronze castings has to be mirror polished. we start with contemporary technology, move into modern processes and ultimately a very sort of old world hand craft. there's n

partner with pgim the global investment management businesses of prudential. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. oh...ncome on...och method! what's going on here? you know how ge technology allows us to fix problems before they... they slow production, yeah. well, no more catchy business acronyms. wait, we don't need to smooch? i'm sure we can smooch a solution! we just need to "hover" over the candice, problem until... just let it go... hey, sorry i'm late for team building

partner with pgim the global investment management businesses of prudential. with e*trade you see things your way. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision into action. ♪ ♪ it's your trade. e*trade. ♪ ♪ >>> coming up on the three-minute mark here as the dow continues into record territory. let's face it the fed doesn't have the impact on the markets it used to have. nonetheless, we were all waiting for the minutes to come out at 2:00 eastern time today. volume was lower than normal up to that point. wasn't a lot of volatility. in fact, after the minutes came out, the first blush read was that maybe it was a little hawkish. maybe they were going to be talking about raising rates in march. you saw the slight dip there in the dow there at 2:00 eastern time. but then it has since moved higher. in fact, the dow is still the only one of the major averages in positive territory, so we'll have eight straight gains for the dow and it will be a record close. the

partner with pgim the global investment management businesses of prudential. >>> elon musk known for his futuristic ideas was at a summit in dubai discussing artificial intelligence. he said i think over time we'll see a closer merger of biological intelligence that digital intelligence. not sure exactly what he means but he explained what he meant was that computers can communicate at a trill bits per second while humans can type about ten words per second. >> using some devices, that anticipate what you want to do. i guess i come away with this, being glad that elon musk is out there worrying that this for all of us. he is dialing ahead. >> here is something we might encounter in the near term. talking about the most had near term is autonomous cars. it will happen much faster than people realize. he says it will be a real convenience but the jobs for people who need on drive. we'll need to figure out what they can do. it will be very disruptive and very quick. >> you do see the estimates of commercial truck driving fleet. how many people that does employ it is a pretty good job an

partner with pgim. the global investment management businesses of prudential >>> two interesting calls this morning, b of a adds facebook to its u.s. 1 list making itd top pick in internet media and btig upgrades twitter noting daily active users. reports earnings tomorrow morning before the bell. on the b of a calls they say we came into the year with three concerns on facebook, expenses, ad load and snap. they say the first two have been well telegraphed and snap's filing shows not as big of a threat as they might have thought. >> yeah, i really think the big decline that day was for facebook when it touched 130 was a realization that holy cow snap's coming out and snap's going to blow away because they didn't really understand the impact of instagram stories, which is an exact crib, i think, of snap. what i liked about this upgrade to focus 1 list was it gave you some numbers. i want to compare this to 1999 when you have something like seth saying stocks are overvalued. here's facebook selling at, i'

partner with pgim. the global investment management businesses of prudential this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> take a look at your dow jones industrial average. keep a close eye on the number on top, 20,097. the all-time is 20,100.91. the dow is up 44 points. >> nearly two to one advancers over decliners today. let's send it to seema mo

partner with pgim the global investment management businesses of prudential. >>> if you're just checking in, yes, the rally continues. in fact, we're near the highs for the session right now. the dow up 118, 119 points. and walmart is the biggest gainer for the dow today. tiffany's shares also higher on news that the luxury retailer made a deal with activist investor janet partners to appoint three new independent directors to its board. one addition is francesco trepani. he and jenna partners own 5.1% of tiffany's outstanding shares. tiffany up almost 3% today. >>> we have developing news on wells fargo where senior managers are being terminated today. dominic chu, what can you tell us? >> kelly, i can tell you that the four managers that have been fired worked at one point in the community banking operations of wells fargo. that's one of the main parts of the bank in can he when it came to the scandal over whether potentially overly aggressive sales practices led to a lot of unnecessary client accounts being opened. now they held roles ranging from regional presidents to chief risk off

partner with pgim. the global investment management businesses of prudential >>> welcome back. time now for cnbc news update with contessa brewer. >> white house chief strategist steve bannon and reince priebus are attending the conservative political action conference in maryland. bannon says every day is going to be a fight against the media and progressives. >> he's going to continue to press his agenda and as the economic agenda gets better they'll fight. if you think you're going to get your country back without a fight, you are sadly mistaken. every day it is a fight. >> little tykes is recalling half a million toddler swings because they can break and cause the child in them to fall. the swings were sold between november of 2009 and may of 2014. the company says it's received 140 reports of the swings breaking including 39 injuries to kids. >>> the american psychological association is releasing a report on the role technology and your stress level can play in your life. on a 10-point scale, their average stress level is 5.3. that's nearly a full point higher than those

partner with pgim. the global investment management businesses of prudential adios, honey, hasta la vista, baby. (sing-songy) fat guy in a little coat. that rug really tied the room together. any questions? bueller? bueller? that's the unlimited effect. stream your entertainment and more with unlimited data when you switch to at&t wireless and have directv. plus, get the amazing new iphone 7 on us. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>> keeping our eye on the white house this morning where we are expecting the arrival of some retail ceos. i think we're not far away from seeing art peck of gap make his way to the whi

partner with pgim. the global investment management businesses of prudential ♪ >>> good wednesday morning. welcome back to "squawk on the street." aisle carl quintanilla with sara eisen, david faber at the new york stock exchange. markets in a bit of a range here, down 16, got fed minutes coming up this afternoon. perhaps investors are waiting for that. the ten-year did dip below 2.4 for the first time since february 9. >> our roadmap starts with stocks taking a pause as carl mentioned from the week rally this morning. the s&p still on track for its best month since march. we'll discuss it. >> plus, what a possible trade data overall would look like and why that matters. the director general of the world trade organization is with us. >> and strategy review at unilever just days after rejecting that takeover bid from kraft heinz. we've got all the latest details. >>> big day for real estate and housing. we've gotten toll numbers. let's get to existing homes with diana olick. diana. >> existing home sa

partner with pgim. the global investment management businesses of prudential uh, yeah. what is?r, larry. the whole wheelie thing. what do you mean? i just got this baby to get around the plant floor. right, but now ge technology monitors every machine. yeah, it brings massive amounts of information right to you. so you don't need that. well, it makes me look young and uh..."with it." time to move on. oh i'll move on... right into the future. ...backwards. you're going backwards. the future's all around us! not just on your little tablet, my friend. this is where i trade andrs. manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. >>> good thursday morning. welcome back to "squawk on the street." i'm carl quintanilla with david faber and mike santoli as sara eisen is at the white house, we'll talk to her in a moment.

partner with pgim the global investment management businesses of prudential. ♪ >>> congratulations adele going five for five last night. welcome back to "squawk on the street." aisle carl quintanilla with sara eisen and david faber at the new york stock exchange. record highs again across the board including the russell as the s&p and nasdaq are going for the fifth day of gains. >> our roadmap for the hour begins with president trump meeting with canadian prime minister trudeau in just about an hour from now. economic interests and trade in focus. we'll take you live to the white house. >> wall street extends the record run, the dow, the nasdaq and s&p all hit fresh new highs. >> plus, trump branded products taking another hit and a big call on macy's. we've got all the details with a retail roundup. >>> busy morning in washington, d.c. the president meets with canadian prime minister justin trudeau at the white house in less than an hour from now. our kayla tausche is there and joins us with the latest. good morning again, kayla. >> reporter: good morning, carl. you can see the honor gu

partner with pgim the global investment management businesses of prudential. companies across the state are york sgrowing the economy,otion. with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov [ alarm weather.eping ] ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >>> there are some stocks on the move. we're going to take a look at a couple of them now. marathon petroleum reported quarterly profit of 43 cents a share. results were helped by strong performances in its refining and transportation units. downstream seemed to be a little better for all these companies. although, i think marathon is more of a downstream company. then anthem beat estimates b

partner with pgim the global investment management businesses of prudential. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. i'm in vests and as a vested investor in vests i invest with e*trade, where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. it's a performance machine. engineering... with this degree of intelligence... ...it's a supercomputer. with this grade of protection... ...it's a fortress. and with this standard of luxury... ...it's an oasis. the 2017 e-class. it's everything you need it to be... ...and more. lease the e300 for $549 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for

partner with pgim. the global investment management businesses of prudential that ride share? you actually rode here on the cloud. did not feel like a cloud... that driverless car? i have seen it all. intel's driving...the future! traffic lights, street lamps. business runs on the cloud... and the cloud runs on intel. ♪ i wonder what the other 2% runs on...(car horn) >>> the volatility index spiked over 11% on wednesday. a month after a move of that magnitude, the markets tend to >>> welcome back to "squawk box." ceos from some of the biggest manufacturing companies are speaking out on tax reform. >> that's right, melissa. these executives are calling on lawmakers to get tax reform done here in washington. they're supporting the controversial border adjustment tax. this tax, of course, lowers the cost of exports and raises the cost of imports, and that's why manufacturers are supporting it. these executives are signing on to a letter that went out to lawmakers this morning. the executives include the ceos of boeing, united technologies, caterpill caterpillar. 16 ceos in all.

partner with pgim. the global investment management businesses of prudential mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. bp engineers use underwater robots, so they can keep watch over operations below the sea, even from thousands of feet above. because safety is never being satisfied. and always working to be better. >>> this is tool. >> good morning, everybody. welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. shares of michael kors are getting hit hard in the premarket trading. that company did beat estimates, but the revenue number was shy of forecast in the luxury goods maker gave a weaker than expected full-year forecast. that stock is down by 7.25%. >>> icahn says that he would need to invest $100 million to $200 million to keep the casino goin

partner with pgim the global investment management businesses of prudential. with e*trade you see things your way. you have access to the right information at the right moment. and when you filter out the noise, it's easy to turn your vision into action. it's your trade. e*trade. gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. ♪ >>> good morning. welcome back to "squawk box" here on cnbc. we're live from the nasdaq market site in times square. among stories front and center at this hour, mortgage applications falling 2% last week. that's according to new figures from the mortgage bankers association. both new purchase applications and refinancing activity fell. the average 30-year mortgage rate edged slightly higher

partner with pgim the global investment management businesses of prudential. >>> welcome back. u.s. attorney general jeff sessions sent a memo yesterday rescinding an order by the obama administration that would have ended the use of private prisons. the move would have had little impact as most federal inmates are housed in state prisons. the original order also didn't apply to people being detained by immigration and customs authorities or the marshal service. shares of two private prison operators rose on that news. >> these shares got hurt badly when the obama administration first sent that executive order out. it looked like the end of the days. i guess this changes that scenario. >> many of us live in our own private -- >> private prison? >> gilded gauge? >> where do you land on private prisons? >> i like private sector things. >> what about the lobbying that private prisons do, which has issues then around how we -- >> everybody has a lobby. >> but that's the point. the point is you have lobbyists who actually want more people to go into prison to profit from that. >> i think

partner with pgim the global investment management businesses of prudential. and the wolf huffed like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. you should tell your doctor if you have a heart condition or high blood pressure before taking it. symbicort could mean a day with better breathing. watch out, piggies! (child giggles) symbicort. breathe better starting within 5 minutes. get symbicort free for up to one year

partner with pgim. the global investment management businesses of prudential did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. box." the agenda is full of economic governing reports as well as capitol hill appearances by janet yellen. tomorrow tell you what's on the calendar. january ppi, yellin goes before senate banking committee to deliver semiannual report on monetary policy. that happens 10:00 a.m. eastern time. you've got to watch for wednesday. yellin is going to give the same testimony to house of financial services committee. also january retail sales cpi, industrial production. come thursday, you've got to look for jobless claims, housing starts an

partner with pgim the global investment management businesses of prudential. >>> anything i can do for you recently? >> yeah, i need a "squawk box" coffee cup. the only reason i'm doing the interview is for a "squawk box" coffee cup. it's my favorite coffee cup, the one with your face and joe kernen's face. >> and carl's. >> yeah. it's perfect size and i broke it. >> how'd you break it? >> i was in a steam bath. i take steam baths because it's really good for my voice, and i forgot it was so steamy i knocked it on the ground. >> okay. new one coming your way. by the way that's like a collector's item. i may have to take one out of my own cabinet, but i promise i'll get you one. >> had i known i would have glued all the pieces together. >> that was huey lewis chatting here with us at pebble beach. >> he used it and broke it and misses it. that's really funny. glenn, thank you. >> great to be here. we got to get becky to play next year. >> no. never. >> i hear you got some lessons. >> i took some swings. i'm terrible. never. >> you got that one to the hole, right? it went like 80 feet pa

partner with pgim the global investment management businesses of prudential. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> trumponomics. will tax reform get done, and in what form? we're going to ask republican senator rob portman snp >>> glaxosmithkline's ceo joins us to talk quarterly results, the company's pipeline, and the politics of drug prices. >>> plus, let the games begin. the 2018 winter olympics are just a year away. we'll begin the countdown to pyeongchang as "squawk box" begins right now. >>> live from the most powerful city in the world, new york, this is "squawk box." >>> welcome back to "squawk box" right here on cnbc. we're live from the nasdaq market site in times square. i'm andrew ross sorkin along with maielissa lee. and wilfred frost is adding his sophistication. >>

partner with pgim businesses of prudential.agement i provide for my family. i will use my education to help my community. i will inspire our next generation of leaders. i am a college student, but i am only 1%. only 1% of college students are american indian. donate now, and help our numbers grow. ♪ >> announcer: welcome back to a special edition of "squawk box" live with warren buffett, the oracle of omaha making headlines on market rally. >> it's making a terrible mistake when you say out of a gain you think will be good over time because you think there will be a better time. >> and berkshire's biggest investments. >> we probably spent $20 billion. >> $20 billion. you're just counting the billions in your head as you're sitting here doing this. >> yeah. i quit when i got to 20. >> you ask, buffett responds. it's the only place to get your questions answered by icon of american investing. it's monday february 27th and the second hour of "squawk box" begins right now. ♪ ♪ >> good morning and welcome back to "squawk box" here on cnbc live from nasdaq ma

partner with pgim the global investment management businesses of prudential. >>> get a final check on the markets. they were mixed before the big interview. now they're up even more than last time we checked up almost 40 -- that would be another new high. >> the mnuchin effect. >> the mnuchin effect. >> the mnuchin rally. >> quick mnuchin rally. >> they keep mentioning tax reform and we keep going higher. >> the squawk quick-mnuchin-lee, sorken rally. positive sentiment again today. that would be ten straight. melissa, thanks for being here. >> pleasure to be here. >> we'll see where the day ends up. see you later today at 5:00. make sure you join us tomorrow. "squawk on the street" begins right now. >>> it will take a couple years to get growth, but we're committed in this administration and you can see this in the markets. you can see the stock market's up, you can see the dollar's up. there's a lot of confidence in the trump administration and in the desire to invest in the u.s. this is a very competitive place to do business. we got great companies. and you see that reflected in t

partner with pgim. the global investment management businesses of prudential > ♪ >>> good tuesday morning. welcome back to "squawk on the street." i'm carl quintanilla with sarah eisen and david faber at the new york stock exchange. the president's address to congress tonight, we're watching all the moves in between now and then. got a lot of macro drata to watch. >> road map for the hour begins with trump's talk. the president is set to address a joint session of congress tonight. the former chairman of the president's economic chairman of advisers will join us later to tell us what to expect. >>> target reporting results that missed on revenues, sales and same store growth. we'll bring you the latest from the retailer as they brace for a potential border tax. >>> finally, the trump rally continues. sort of. the dow had only three down days this month as it looks for its 13th consecutive record close. maybe we'll get et today. market experts will explain the surge and whether it can continue. >>> let

at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, it looks like we have the dow c just barely there and the s&p dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ >>> major indexes all hitting new today highs earlier today which means according to our next guest, it's time to think about the first commandment of stock trading. >> tell us about it. >> which is what? >> basically thou shalt not short a new high and buy new lows. >> there's never been a higher price to sell. why wouldn't you short it? >> at either end of the spectrum the investors are doing so at a high level of conviction, setting the price. they know they're buying at a new high. they're keeping going. you have to have a better edge than they do to even have a shot at outperforming when you short the new highs. >> you're talking ab

at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner withgim the global investment management businesses of prudential. e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade >>> welcome back. stocks to watch today. priceline posting earnings boost analyst expectations thanks to a surge in hotel reservations. fourth quarter revenue rising nearly 18%. >>> hertz announcing a wider than expected loss for the latest quarter. the company booking more than $254 million in charges amid continued weakness in its car rental box. that stock still up 2%. >>> and workday beating on the top and bottom lines. the company sub prescriptions grew nearly 40% for the quarter. the workday ceo appearing on "mad money" last night and telling jim cramer about how oracle's acquisition of n