many of the jobs that were leaving from mexico, they're bringing back, at least 800 jobs. they actually never got to leave. i don't know what they did with the plant in mexico, we'll have to ask them, because it was largely built. general motors investing $1 billion in u.s. plants, adding or keeping 7,000 jobs. long heed martin. 1800 new jobs. u.s. plants, they're doing a great job, and we started negotiating with them a bit on the f-35. thank you very much. he's tough. >> it worked out well, and marilyn, i have to say this, you've gotten a lot of credit. you did the right thing. we appreciate it. price over $700 million, right?

do you think hillary would have asked for 700 million? i assume you wanted her to win, but you know what? you're going to do great and walmart announced plans to create 10,000 jobs, and all of those jobs will be in the united states. sprint softbank is putting in 50 billion because of our election. in the united states owes of next four years to create 50,000 jobs. they've been terrific, by the way. we have many others, many of you are in the room and you know exactly what i'm talking about. today we have 24 ceos from the largest manufacturing companies in the country, even in the world. they represent people just in this room nearly $1 trillion of sales, and 2 million employees,

large jersey of which are in the united states. they share our commitment to bring manufacturing back and to create jobs in this country, which have been the biggest part of my campaign. i would say the border a big part, military strength a big part and jobs a big part. i don't want to say which is most important. i guess we always have to say defense is the most important, but many of you take care of our defense and make great products. nobody makes the products that we do for the military, nobody. in fact a couple countries who were not allowed to buy from us, i gave them -- hello, jeff -- i gave them authorization. you can only buy from us. i want them to buy from us. they were getting planes from other countries -- and they're allies, but they'll be buying from us now on of the i just want to thank all my people.

my staff has been amazing. you all know gary and really happy. he just paid taxes, and he'll be criticized. he gave up the money. did you give that up, gary? i think so. it was one of those things. that's right. i want to thank wilbur has been so fantastic. i've known wilbur for so long. a great guy, a very fair negotiator, and his's going to be doing things, the deals we have on other countries are unbelievably bad. we don't have any good deals. i'm trying to find a country where we have a surplus of trade. everything is a deficit. with members to 70 billion in

straight deficits. it's unsustainable, and we're not going to let it happen. we're going to have a good relationship with mexico i hope, and if we don't, we don't. we can't let that happen. 70 billion in trade deficits. with china, we have to do something. i spoke to the president -- i spoke to many people. we're going to work on that very, very hard. we're going to do things that are the reports things to do. i actually said to my people find a country where we actually do well. so far we haven't found that country. it's just losses with everybody, and we're going to turn that around. i want to thank jared kushner who's been so involved in this, and all of my staff.

we have a team of all-stars. right now, action you know, rex is in mexico. that will be a tough trip. with evident to be treated fairly. but he's over there with general kelly, and unbelievable at the border, all of a sudden for the first time we're getting gang members out, drug lords out, really bad dudes out of this country, and as a rate that nobody's ever seen before. they're the bad ones. it's a military operation, because what has been allowed to come into our country, when you see gang violence that you've read about, many of that is people who are here illegally. they're rough and tough, but not tough like our people. i thought what we could do is start with ken on my left, go

around the room, introduce yourself to the press. lots of media. how are you? that's one that treats me very nicely, one of the few. hi. and we'll just start around, go around the room and then we'll talk privately without the press, and we're going to figure out how to bring back more jobs to the united states. ken, go ahead. >> thank you mr. president. >> thank you mr. president, mark fields, ceo of -- >> thank you, mr. president, denise morrison from campbell soup company. >> good soup. >> thank you. >> thank you, mr. president. greg case united technologies, parent companies of carrier. >> did you bring more jobs back? you know, i said you were given so much credit for that, and i heard two days you're selling

far more carrier -- bell, people are buyic carrier because of what you did, bringing the jobs back to indiana. i said that. i thiol that was going to happen. >> lee styelinger with al tech inc. >> al less gorski with johns ann and johnson. >> david farr. >> and doug executive director the caterpillar, with plenty of d-10s. >> i even like the d-12. >> we're doing a d-11. >> because the d-12 i'm waiting for, you know, that will be bigger than anything ever in history. there's nothing like what you do. the caterpillars are the best. when we raise the dollar and let other people manipulate their currencies, it's the one thing that stops you, doug? >> bring it on. >> we have to give you a level playing field.

what a great company. >> come on to see us. we'll put you in one. >> i mike do that, soon. go ahead. -- >> mario longi, with u.s. steel mr. president, thank you for the opportunity. >> you'll be doing pipelines, now? you know that, because we approved, as you know the keystone and dakota, but they have to buy steel, but steel made in this country. >> 100%, mr. president. purpose when you come drive trucks, come up to minnesota and our mines. >> i'll do it. >> thank you, mr. president. [ inaudible ] >> marillyn hewson, lockheed martin i want to thank you for the opportunity to talk to you today about generating jobs.

we're very excited about the fact this is one of the first actions you want to take on. >> thank you, and thank you for -- what we did lot 10, 90 blane. 9 on planes out of 3,000, but it was not doing so well, and now it's doing great. >> that's right, welcome you to ft. worth to see them on the production line. >> hi, jeff. >> looking forward to working with you. >> jeff actually watched me make a hole in one. can you believe this? should you tell that story? >> we were trying to talk president trump into doing "the apprenti apprentice." he goes up to a par po on his and realize, of course each the richest golfer in the world, and then gets a hole in one. so i have to say, you know i've seen the magic before.

so -- [ laughter ] >> it's crazy. i actually said i was the best golfer of all the rich people, to be exact. and then i got a -- thank you. >> thank you, mr. president bill brown of harris corporation. thank you for coming to our head quarter location in melbourne, florida, twice. >> absolutely. thank you. great. wendell weeks. >> thank you. thank you, mr. president, john new corp corporation. >> a >>. >> great. bob kraft is a big fan of yours, you know that. >> keith linebach, representing the services industry and manufacturing form. bringing thor services jobs back. >> yes, we will.

>> dow chemical, thank you for the opportunity in bringing the and i'm here to make chemistry sexy again. >> and thank you for your help. you've been great. thank you very much. >> good morning mr. president. thank you, always. >> 3m. >> good morning. >> michael dell with dell technologie technologies. >> good morning, mr. president. bebe from general dynamics. >> great companies. so jared, maybe i'll let you take over for a little while, and then we're going to then go through the room very, very carefully and find out how we brings more jobs back. thank you to the press and the media we really appreciate it. we'll see you later. thank you very much.

well, that is the president meeting manufacturing ceos f. half session and hallsh razzing gary cone he paid the taxes on the goldman shares, no country where we have a trade surplus, talked about his priorities of the border military strength and jobs and pointed out the u.s. has lost a third of manufacturing jobs, 70,000 factories since china joined the wto. jon fortt and sara is at the clubhouse. and david mcintosh. what a fascinating view we saw, henry. this time especially so, his ability to alternately bully, charm, cajole, shame these

companies into doing jobs here in this country. >> this is trump at his best. during the campaign he was more authoritative on the economy and jobs, obviously incredibly comfortable in the presence of these folks, works in the great story of himself hitting a hole in one with jeff immelt, and clearly everybody is we're trying to build jobs back with you. >> careerly he wants to be a cheerleader, but what's interesting is the ceos don't go into work of day saying how can i employ more people. he wants them to ask that question. there's a bit of tension as being the globalists productivi productivity-driving leaders and what he would like to see. so you can't think that's the interesting part that will come in. >> if you're around investor you don't necessarily want the ceo of the company thinking how do i employ more people in the u.s.?

you would like them to figure out a convergence of ways to increase productivity. what's the best way i can employ the most people. hopefully it helps the country, but i wonder where this leads? i wonder also, all this talk about trade deficits versus surplus surpluses, being the size that the united states is, and the level of development where we are, is it reasonable to score of game that way? unless we have a surplus with every country in the world we're not doing well with them? >> by the way, we do have surpluses with australia, panama, chile, brazil, argentina, guatemala. it's not like there's none. congressman, your thoughts? >> i think the most important thing coming out will be the policies that will let the ceos be productive and keep jobs. tell be the tax cut bill and the must-do this year in congress,

and the various reductions of regulations. that will let us be able to once again manufacture things in the united states. you're right. the surplus or deficit isn't the right number. it's are we competitive? have we taxed ourselves too much? so that that's what's driving job overseas. i'm glad to see the president will be fogging cussing policy initiatives on that. >> eamon you have some sound you want to listen to? >> absolutely. one observation is how effusive some of the ceos are in their thanks, you sigh marillyn hewson be very effusive for convening this group after her company has been in what must be intense negotiations behind the scenes over the price of the f-35 jet to the pentagon. she's clearly trying to defuse some of there tension.

a then here's exactly what he said. >> there's nothing like what you do. when we raise the dollar and let other people manipulate their currencies, it's the one thing that stops you, right? we have to give you a level playing field. we have to let other countries give you a level plays field. >> so the president say we have to -- and we have the president sort of suggesting there that raising the dollar, a strong dollar might be bad for u.s. companies that are exporting. even if they think differently privately, they don't necessarily say that. so interesting to hear the president making that point today, carl. >> how quickly we've gotten used to the idea of the president explicitly commenting on.

>> that's what stood out to me this whole meeting or premeeting introductions. that is president trump frames the manufacturing conversation as one in which america is losing and our foreign trading competition is winning. even just mentioning the stats any beginning. he framed it around nafta, 70,000 factories closed. i notice you've been hitting the theme of the bad deals, but that was the pervasive theme. i wonder if these ceo owes who do business around the world will jibe with that world view. to keep up with some of the advancements in technology. yes, trade enters the conversation especially in industries like steel and chemicals where they have to compete with local companies

around the world, but prompt is framing it like he did on the campaign trail, around america losing more competitors winning, even though some of the closest cabinet secretaries, including treasury secretary steven mnuchin in an interview with "wall street journal," said in the best interested of america to have a strong dollar, it reflektsds a stronger economy. even though they're trying to water it down a bit becky asked him about china and he did not go. . you're still hearing this refrain in president trump. he's osteoing a good rapport here with the ceo and all the invitations he got, if if he starts to tulane on that. the c oeismt of cal irpillar

didn ceo of caterpillar didn't say that. i'm wondering a weaker dollar might be good for u.s. companies trying to sell goods overseas, but where does that leave the u.s. consumer on this? we're not exactly sure where the trump administration stands on the border. if they end up embracing some form of that, doesn't that put the u.s. consumer in a tough position? very much so. they have to be careful as they do the trade promotion endeavors not to punish u.s. citizens, u.s. consumers. the border adjustment tax isn't paid by somebody else at the border. it's paid by americans who go shopping every day with 20% price increasing for them. similarly a strong dollars means the things you buy across the country would cost more if the declare is artificially

strengthened. the best thing to do is let the market play itself out, be productive, remove the self-inflicted burdens of a high tack code and high regulatory costs, adding about 18,000 per job. >> henry, i'm curious. it's hard to look at that room and not notice the lack of -- no facebook, no amazon -- -- >> he did mention amazon and solvebang. netflix and google. is that on purpose? is it because of the geographic distribution of those companies? >> i think part of it is political. silicon vall silicon valley they were hammered for obviously an embarrassment to the president, and also president trump is taking shots over the campaign at some of the best companies in america. apple, amazon.

and some of the biggest exporters. >> this is the whole thing you listen to the policy. there's actually nothing here that would bring the good manufacturing jobs back, the ones that pay well, all of these ceos sell all over the world, they have to build at low cost and sell everywhere. boeing is built all over the world. >> are they humoring him? >> no, i think they want to be here and participate. if we can get good incentives, that is great, but nothing -- unless he wants to radically change the global economy and take us back 100 years, ultimately you don't want to do that. >> sarah, if you're apple, it seems you have more incentive for being i phones in india, because they view that as a growth market. india, like president trump is trying to say, hey, if you want to expand sales here, don't

bring in used stuff, one of facilities, build stuff here. >> isn't that going to influence how manufacturers will work in the future. >> my question actually is for congressman mcintosh. we clearly saw he's comfortable in this kind of room, making jokes with jeff immelt. he has to work with congress to try to make some of this reality, tax legislation and other incentives to get america jobs back here. will he have this kind of rapport with congress, which he's got, quite nicely and sort of a love-fest. >> it's a bit more rocky, particularly in the senate. i think he can set the timetable with congress, finish your work on obamacare and replace it, and then get to these tax cuts.

they're super incredibly important po generating growth in the economy. that's how he'll affect congress. >> congressman, appreciate your time, inside, and an important thing to watch. sarah, ayman, henry, we appreciate it. the dow has gone into the red. the nasdaq is not far as having one of the worst days of the year. when we come back, former treasury secretary under george w. bush and of course steven mnuchin's comments to becky quick earlier. a lot more continues after the break.

we're committed in this administration and can see this

in the market, you can see the market is up, the dollar is 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 have great companies, and you see that reflected in the markets. welcome back to "squawk alley." he was essentially tying the white house and economic policy to the markets. jointing us to discuss this and a whole lot more, former deputy u.s. treasury secretary bob kimmet. mr. ambassador, thank you for joining us. is that dang are you what the treasury secretary just said? >> he wasn't speaking to the markets. he's someone with obvious considerable market experience. he was just stating the fact with how the markets have react

to do both the policies and the early steps. >> what do you do during times of market turmoil? you have to own that, too. >> well, again, i think the secretary of the treasury is the person to answer that. my basic feeling is the comment was about how the markets are seeing the action-oriented agenda being laid out by the administration and the push for less regulation, lower taxes, greater support of and direct contact with business. that's got to be good for markets across the board. i'll let him talk about the particular details, though in my view he was pretty careful about what he said. he said they could get tax reform by august. is that ambitious? >> i think it's very ambitious. by the way, i lime ambition and like people who are results

oriented. by the way, welcome to washington. it's known much more for rhetoric than results. why rather people go in pushing themselves. i think it will be ambitious. i was general counsel to the treasury under jim bakker. we worked a lot behind the scenes in 1985. i wish the administration well. that would be ambitious, and i will tell you one thing the secretary will need is sub-cabinet officials in hi department to help deliver not only on tax reform, but regulatory reform. some reports about yourself regarding a deputy post at state. can you give us any clarity on your thinking there, and what do you make of some characterization that tillerson's tenure so far at

state has been relatively neutered? >> from my perspective for personal reasons i'm not in a position to go into government. i'm trying to identify particularly good sub-cabinet talent. i think not just at stake, but at treasury, and in every other important department we are missing deputies, missing undersecretaries, assistant secretaries. we need to get those filled as quickly as possible, because right now each of the secretaries who has been confirmed is working with a small group of unconfirmed political advisers, a very large group of highly professional career people, but you need to fill out the system. in the u.s. we have decided that we're going to have three, four, even five layers of political appointees. we need to get them in quickly. >> what they've said so far

seems to center on cutting taxes for corporations and for the middle class, possibly others, cutting regulation, and then we've got this possibility, especially coming from the house of a border adjustment tax. my question is, where does this leave the tax burden into the future? do we send up shifting the tax burden more to individuals, more to even the middle class if particular growth does not show up in the way this administration projects and hopes? >> my own personal view is when you go into a major effort like tax reform, all ideas should be fair game, they should be on the table evaluated, by the way using the same construct you just laid out, effect on the individuals, effect on corporations, effect on the economy as a whole. i think that secretary mnuchin made it clear they're focused on

growth, they want to focus on the american middle class, they want to focus on american businesses, particularly helping to repatriate. significant money overseas. i think 1,000 flowers are blooming, multiple ideas are on the table, but i think we have to have the rigorous analysis that you laid out about what are the effects on individuals, corporations and ultimately what growth will be produced. some of the ideas are coming from america's top manufacturers, they're in a meeting with prompt right behind me right now. we just got the introduction, ambassador kimmitt, listen to the exchange. >> mario longi with u.s. steel, thank you for the opportunity. >> and you're going to be doing pipelines now, you know that? because we approved, as you know the keystone pipe lip and dakota, but they have to buy

meaning steel, so i will say u.s. steel, but steel made in this country. >> 100%. by the way when you come drive trucks, come up to minnesota and our mines. >> good. i'll do it, i'll be out there. >> just wanted to get your reaction to that exchange and others, really going personal on the businesses of the various ceos in that room, on heavy-duty manufacturing industries. is this all going to work? >> i think putting the emphasis on manufacturing is good. i think the rules still apply, fair and free exchange and free flow of capital. on the last one, if i could say, sara, there are 6 1/2 million americans who work in this country for companies head quartered overseas. interestingly 40% of those are

manufacturing jobs versus 13% of the overall economy. overseas investors really believe in u.s. manufacturers and workers. i would hope the administration would issue the traditional policy statement which says we're open to investment that does not arm or economy, because three times as many foreign companies employ u.s. manufacturing workers as a percent, as do u.s. companies. >> he did mention fiat at one point and said they have some big announcements coming, and a laundry list of companies who have already announced new jobs, both american -- ambassador, how do they deal, the ceos with attention there is on trade? they do business all over the globe. had he was bashing occurrencery manipulation practices by other economies and trade deficits

that we have. >> well, again, i think a recommitment to the three pillars of a successful global economy benefit u.s. companies, u.s. workers and the u.s. economy, that is free and fair trade, flexible exchange rates said in open competitive marketplaces and commitment to the free flow of capital across borders. that's the way we attract investment at home. that's the way that we help our companies succeed overseas in way that is also strengthen them at home, and i it think across the board keeping those three guideposts in mind is always a good way to come out with the right policy result. >> we'll see what kind of policy ideas come out of that meeting. thank you for being with us, boy kimmitt, a former deputy treasury secretary. >> thank you, mr. am bass do. the dow is up 22. contess that? >> here's your cnbc news

upsedate. kelly anne conway speaking at the conference this morning. >> donald trump is not fully understood for how compassionate and what a great boss he is to women. he's been promotic in the trump campaign, the trump cabinet, certainly in the trump white house. it's just a natural affinity for him. >> french students are protesting police violence by blocking 16 parisian schools. prevented students from entering. they condemned police brutality. a new stud,sis more than five serves of veg tables and fruit can dragsically reduce the risks of stroke and cancer, ten portions could prevent almost 8

million premature. i didn't know we ate ten portions of anything. back to "squawk alley" now. the markets are closing. back to seema mody with the details. >> a muted session in europe as the economic data continues to roll through. be first had the pmi numbers, surprising to the up side. today gdp data also upbeat with germany stealing the spotlight growing by 1.7% versus a year ago, but a muted session, negative territory for the major indexes the big talker still french politics, yesterday showing his support for manuel le chron, hoping he will beat marine le pen in the first

round. in terms of earnings, barclays in focus, the latest european bank to report earnings missing shares lower by 2.6%, and in focus the miners boasting an annual increase. which also reported upbeat results thanks to this resurgence we have seen in mott yesterday prices. it's important to know cop up up 30%, and iron ore also up a similar amount in 2017. >> seema mody, thank you very much. live pictures on your screen as the dow is hanging on to a 20-point gain, s&p down by about three points. back in a minute. here's been a . we need your password so we can lock down the system. my password? yes, sir, we need your password. the password that i use? yes, sir, your password. there's been another breach! sir!

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welcome back. let's send it over to dominic chu for a quick market flash. >> jon, as we watched the dow transportation stocks, down near session lows, and second straight day will you ryder systems, and union pacific as well. despite this week's declines, transports are still about 2% for the month, though moving again lower as dow hits positive territory. back over to you. >> we're watching that, tom.

thank you very much. watching some construction stocks, caterpillar down three, u.s. steel down six. >> united rentals, this is all the domestic infrastructure sickly kay play. obviously infrastructure not a big talk. clearly there was a lot of air under these stocks because of that jolt. also backing up is not really that compatibility. with, you know, these kind of aggressive cyclical plays. >> i guess all the president's talk about a level playing field for caterpillar and pipeline for u.s. steel not panning out the way -- >> the dollar is coming down, which according to the president's logic would help caterpillar. these stocks have been running for a while. >> it does bring to though, do other sectors likes financials take a cautionary lesson in this

if in fact tax cuts are not what hope. >> bakley ignored this backup in bond yield, which was a big help to them before. we're at brand-new highs, so one by one you might see the market soften up. >> we'll keep an eye on that. we'll get to the santelli exchange. rick? >> let's stick with that notion. the president, of course, when he brought up caterpillar brought up foreign exchange, the dollar in particular talked about how a stronger currency has some disadvantages, especially if you're a multinational. the problem is that -- let's go to the board. you know, this president, no president, nobody has a dollar dial. let's go weak, let's go strong. a level plays field implies a bit of manipulation. some would call it policy. it depends. there's two sides of every coin

we always talk about certain entities manipulating currencies, but others are affected by policy. i don't know, i see a lot of gray there. i have to be frank. when you're talking level playing field, or when the fed talks about the dollar and it's actions, these are important, because there's so much great here. in the end it's not going to be easy. even thousand the dollar figures, should there be a tax, i know the treasure remember secretary maybe dialed it back a bit, and i think that's okay. he's not sitting down and writing a piece of legislation. he's a piece of a group working on t we make it sound so easy, but it isn't. there's another issue i feel strongly about. thing mortgages the best way to

understand whether it's a good or bad idea is thing about your own life. listen, you go to the bank and the flighting rate mortgage is, say 2%. the fixed-rate mortgage is 4%. many will say, listen, floating is cheaper. well, right now a two-year note yields more than a 30-year bond yield, and some of these will correspond to the long-end yield. when you're making the coupon payments, just like when you're makes mortgage payments. if you choose fixed you're paying more, floating you're paying less, but it is a trade. should rates go up, maybe it would have been better to lock it in. that's the way to think about long-term debt. timely, finally, on taxes, listen, everybody railroads "caddy shack" iconic movie -- be the ball. be janet yellen, and be

donald trump. if i try to donald trump i can't think of the forgotten man, the middle class, the factory workers, the iron stack worker. listen. do you really think this president will put taxes about corporations in front of the taxes for the forgotten man? i don't think so. this is a big talking point, as well as it should be. if you want to be the man, most likely it will come in a package. just my opinion. carl, back to you. >> the problem is we don't know, that's for sure, rick. rick santelli. we are awaiting the ceos to exit the white house this morning. we hope to get some comments from them, reflections of how the meeting went. we'll take a short break. the dow is up 17. when you have $7.95 online u.s. equity trades, you realize the smartest investing idea isn't just what you invest in, but who you invest with. ♪ isn't just what you invest in, but who you invest with.

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looking forward to the half. we are awaiting the ceos exiting the white house. ceos of dow kem occasion merck, dell, lockheed, among those inside. perhaps they'll give some

comments, and join us on cnbc later on. stay with us. we'll be right back. rallied significantly and s since president trump took office. dao vu th do you view that as a report card? >> absolutely splchlt dw if t. >> if the market were to pull back, do you expect a pullback at some point when you see things move so far so quickly? >> i have always been focusing on not day trading and where they are day to day. whether the market goes up or down, i have given up figuring out why that is. we are in an environment where there are very attractive investment opportunities in the

u.s. i think that's reflective of the administration's goal and what the market thinks of it.

live shot of the west wing where the president meeting with chief exec tiutives for chief manufacturing companies. the media was in at the top of the meeting. we caught this light moment with jeff immelt. >> we were trying to talk president trump into doing the

apprentice. that was my assignment. president trump goes up to a par 3 on his course, looks at the three of us and says, you realize, i'm the richest golfer in the world. then, gets a hole in 1. i have to say, you know, i have seen the magic before. >> anyone, here was another exchange with the ceo of lockheed martin, marilyn huson. >> she is tough but it worked out well i think for everybody. i have to say this, marilyn, you have gotten a lot of credit, because what you did was the right thing. so we appreciate it. she cut her price over $700 million, by over $700 million. do you think hillary would have asked for 700 million. i assume you wanted her to win but, you know what, you are going to do great and you are going to make more blades. >> joking about savings on some

of the defense products. mike, i think we are going to talk to haman and sarah. his level of comfort is unparalleled, maybe going back to reagan. >> you get the impression jeff immelt was prepared about that. there is no doubt it is his world. also, i guess, part of the thrust of his overall message does incorporate what sthe theyn this country. it is not as if it is a diversion from priorities. >> there is a moment with gary cone where the president said had he paid $200 million in taxes. that would be a lot of tax to pay. it was, instead, he had given up $200 million. >> gary cone sold about $200 million worth of goldman's shares. because he was entering government, it says you can defer caps on that. it is a way of selling a lot of

corporate employer stock without having to pay taxes. >> the discussion is largely around how packed the legislative calendar is. obamacare, os st obamacare ostensibly first and then tax cuts. >> when you talk about infrastructure, in one of the breakout sessions, i heard a senior administration official saying, we don't want to do 1,000 things in 1,000 different places. we would rather do ten things well than scatter this money and effort across the board. we want to find innovative ways to finance it. they are still thinking about infrastructure and how to do that. the legislative agenda is so packed here in washington, d.c. when you start with health care, you see some of these members of congress back at home. that could come up the works. that will take a lot of the oxygen here in washington, d.c.

where do you get tax reform, trade, some of these other pieces throughout the course of just 2017? there is a lot on this president's agenda here. bringing all these cats, herding all these cats and getting everybody on the same page. the business community is not a monolith. all the companies have different opinions and are affected differently by all of them. they will be making those voices known to the president and staff behind the scene here. they are going to have a lot of ceos here talking about book and doing some lobbying. the question is whether they can come out with any single takeaway that all of these different ceos support. they are not always going to support everything this president does. >> that makes these interviews we hope to get in a few moments all the more important to find out how deep some of these fissures are or how much they remain regarding specific things like border adjustment? >> border adjustment, trade, currency manipulation. all will be eager to hear some of those specific policy ideas.

remember, this is the second time that these manufacturing ceos are in the white house meeting with president trump. now, the actual hard work is getting done. that's why they had the working breakout sessions in the beginning. when the clips that you played in the beginning illusate that as ceos try to navigate this new playbook where they are appearing more frequently, president trump is going to hold their feet to the fire. it wasn't just huston being tough, negotiating that deal but he called out greg hayes, with carrier, are you bringing in more carrier jobs back to the united states? d >> this is company by company, ceo by ceo, negotiations with the president in a way we are not used to. if they are going to be appearing regularly, they are going to have to fulfill their end of the bargain and figure

out how to do this while at the same time trying to get their agenda and their specific policy points across to president trump and some of his senior negotiators. >> it is absolutely true. otherwise, the president went off and listed a bunch of these corporate actions to hire people. it included things like walmart's vow to add 10,000 employees, a company that has 2.3 million employees. sometimes it could be a corporate gesture. maybe it doesn't have to be a change in strategy from the parent company. you might get credit for it. >> it is the new press release using the pulpit in a special way. that's what they want to communicate. bringing 800 jobs from mexico that were supposed to go to mexico and the carrier plant might not make a lot of sense but there are more thingses that can be done to make the companies more competitive and give them a level playing field so they can hire in the u.s. >> if you dook what ycan do wha

going to do any way and get credit from the white house for it. >> how would you character right the reflation trait? >> i think it is still there. we have been going up method cli f . let's get to headquarters and the half. welcome to the halftime report. i'm scott wapner. manufacturing ceos meeting with the president. we'll take you there live in just a moment. stocks, in the meantime, setting another record today. the dow's longest winning streak in some three decades. why then is one big name money manager brailling out of this market? >> with us now, jim lafen that you will, steve wise, the