good morning. a do or die day for the healthcare bill. president trump delivers an ultimatum to congress, vote friday or obamacare stays. market alert. the dow and s&p with on pace for the worst week since the election. the reasons behind that drop. and a trip to the elite eight. xavier knocks off arizona in another march madness stunner. it's friday, march 24, 2017. "worldwide exchange" begins right now. ♪

good morning. a warm welcome to "worldwide exchange" this friday morning on cnbc. i'm wilfred frost. >> i'm contessa brewer in for sara eisen today. loving the music. i could see that being on my spin play list, if i did spin. >> i meant to be doing spin. i'm not sure this would be on my play list, as sarah knows, it's more andrew lloyd webber and elton john? >> who is this? human naj? >> no, nicki minaj. contessa, even i knew that. >> it's new music friday. a new song from nicki minaj. more important -- >> we're focused on healthcare this morning. white house budget director mick mulvaney says president trump is done negotiating. he wants a vote today. if he doesn't get it. mulvaney says trump is ready to move on to tax reform and border

and trade. it's a huge story for the markets this morning. everyone is paying attention to this. >> absolutely right. let's look at how markets are doing. u.s. equity futures are flat, the more interesting story is the story of the week. down around 1.3 or 1.4% depending on which index you look at. given we haven't had the healthcare bill pass, that decline probably something we should frame as resilience as opposed to bearishness, that there are not bigger declines, particularly given the relative recovery since tuesday. clearly today's vote will be absolutely key and could move things as contessa suggested, meaningfully in either direction from here. as we stand, we're flat in the premarket today. the dow slightly higher. the s&p and nasdaq slightly lower. not just politics but yields important. we have stabilized the selloff in yields. a slight recovery in yields

yesterday. we are back above 2.4%. 2.43. but just so you can gauge the move for the week as a whole, friday's close was 2.50. we're at 2.43%. when you consider that level of selloff we had in the banks earlier in the week, and only a relatively small decline in the yields for the week as a whole, highlights how much overreaction there was on tuesday. >> so we got some economic data out of asia overnight. japanese manufacturing activity expanded at a slightly slower pace this month. flash manufacturing pmi slowing to 52.6, slightly below consensus. the nikkei closed up almost a full percentage point. the shanghai up by more than half a percent. we are just getting eurozone pmi data for march as well. >> eurozone business growing at the fastest rate for six years. flash pmi at 56.7.

ending the week on a soft note, down for the week as a whole but less so than the u.s. markets. the ftse off a percent. the french market is flat. >> the broader markets now and a look at oil. continuing its slide. wti down more than 2% on the week. popping back up a bit. up 0.4%. brent is up as well, a quarter percentage point. looking at the dollar, the dollar is on pace for its third negative week there a row, down against the euro this morning. slightly up against the yen and up against the pound. looking at gold. gold breaking the five-day win streak. this morning it stands at 1,242.5. there has been some speculation that -- i saw it from one of the banks this morning about whether investors will be rushing towards gold with volatility in

other areas, especially given the uncertainty about what's happening on capitol hill. >> they have been doing that. gold is one of the beneficiaries of this pullback from the trump reflation trade. it's up 1.4% for the week as a whole. second positive week in a row. just looking more broadly at the markets, we already said 1.3% decline for the week so far. yields 2.5 on the ten-year last friday. 2.43. and the dollar, the broader index down 0.6% for the week. for all that worry that we had earlier in the week, the declines have not been that meaningful. clearly things could crystallize either way up or down depending on the political vote today. you have to say this has been another example of resilience in the face of pressures for the market. we have seen profit taking but not sufficient enough to worry about. >> also the run up in the financials and other areas, that there were a lot of people who were watching this and expecting

it to happen. in fact, expecting it in even a bigger way. >> the profit taking. exactly. let's get to what could move markets up or down from here. the healthcare bill. the president is done negotiating with the gop and he has now given the house an ultimatum to decide whether or not they'll pass the bill today. kayla tausche joins us from washington with the latest. good morning. >> reporter: good morning. house republicans delaying that vote last night when it became clear they didn't have the votes. and now we are getting word that after a meeting of the entire party to come together and a directive from the president to give it a go or move on, that vote is rescheduled for this afternoon. here's house majority leader kevin mccarthy. >> it's or anticipation to be done in the afternoon, but the gentleman may know how long it will take based upon as we move through during the day. i yield back.

>> little moment of levity on the hill last night. the back drop for the 2:00 p.m. to 5:00 p.m. time frame for the vote. there is time for some selling, arm twisting. the stock market is closed which is one benefit. it gives members time to get home to districts and constituents be that for better or worse. the white house making an 11th hour push. top advisers scrambling to the capitol and a 45-minute phone call between the president and paul ryan who shepherded this bill and will own it, the result of the back and forth between the house and congress is an amendment of the bill that transfers power and new funds related to essential health benefits back to the states. >> we're making a powerful case that this is president trump's bill that he wants repeal and

replace this is a campaign promise we are going to deliver on, and that he's going to continue to bring people to the table. i think that's exactly the right role for the white house. >> the president's approach if congress can't deliver on that promise that they made during the campaigns, he wants to deliver on a promise that he made, that is to reform the tax code. he has been anxious to move on to that for some time. he said as much at various rallies and to the freedom caucus this week. perhaps one reason we're not seeing the market softer on these hurdles to the bill or the rush to a vote today is the prospect that whether you get healthcare reform or not, tax reform may be waiting in the wings. wilfred? >> kayla, part of this might just be complete line out of the art of the deal where you say it's on the table right here, here it is, take it or leave it. that's what the freedom caucus was doing in the first place any way when they said we can't

support it the way it is, rewrite it. does either side want to say yes to this particular problematic bill? >> we'll see what happens when push comes to shove, when that vote happens today. there is a school of thought that says that the freedom caucus as hash sh opponents as they've been of this bill, when they go home to constituents do they want to be on the record having voted dow jonn the optio repeal obamacare. this is the option on the table. do they want a no vote on that metric next to their name when they go home to their constitue constituents. some people think they won't, and they'll vote yes. but they've been throwing around terms, final offer, last-ditch effort. this is our final deal. it feels more like a corporate boardroom than washington. >> on that note n terms of the final decision, take it or leave it, do we definitely get the vote today or could it be delayed again for a week or a

month or whatever? >> well, at this point the order is coming from the president. last night the delay came because the house knew they did not have the votes. at this point it seems like even if the house doesn't believe they have the votes, it's the president's order that they vote on this today and move on. if the president has a change of heart and messages something different to the hill, then maybe they'll change it but the expectation is that it will happen. the floor vote will begin today at 2:00 p.m., and it will wrap around 5:00. >> reading the "the financial times" they frame this by saying democrats are celebrating the republican level of disarray. is the strength of that phraseology fair in this debate or is it something more typical that we should have expected? >> i might call it shodden freud there's a lot of comparison to

the way the democrats hand theed it in 2010 and the republicans are handled it now. back in 2010, the democrats were accuse of back room dealing, bringing it to vote without knowing how much it will cost. and now today a lot of questions are being asked are you aware this is close to what happened in 2010. but it's different when it's the other side. i think demts a democrats are g chuckle out of that. >> getting a lot of plitt oliti deja vu. february durable goods are out at 8:30 a.m. eastern time. the headline number is expected to rise 1.5%. roughly in line with january. we'll watch for the chicago fed president, charles evans, st. louis fed president, james

bullard, and new york fed president, bill dudley. as for earnings, retail ers ret finish line reports before the bill. investors pulled 1.3 billion from financial sector funds in the worst week of net sales since july of 2015. investors poured 8.3 billion into u.s. base taxable bond funds. coming up, theranos founder elizabeth holmes plans to give out personal shares in the stake of her company, but there's a catch, a big one. stay tuned. you're watching "worldwide exchange" on cnbc. ities.

we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. experience exceptional offers on sales event is here. our most refined models ever. get up to $2,500 customer cash on select 2017 models for these terms. experience amazing at your lexus dealer. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence.

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. welcome back to "worldwide exchange." happy friday to you. let's get you up to speed on the market action. a bit of positivity to end off a negative week for markets. asia up a decent amount for some markets. japan is up the best part of 1%. little less for hong kong and shanghai. if we look at europe. we had some blow out pmi data, not blow out but better than expected. that picked markets up a bit. stilt just below flat. for the week as a whole, the european markets are down as a whole, but not as much as the

u.s. if we look at u.s. markets, they've been down about 1.3%, 1.4% for the week as a whole. but that positivity in asia has affected the mood here and taken us higher by 0.2%. as we discussed earlier, the fact we're down only a percent of the week as a whole, that's a mark of the resilience this market has as opposed to a clear bearish signal. a lot rests on the vote today. the healthcare vote and which way people expect that to go. let's talk about corporate news. credit suisse said the ceo received nearly $12 million in compensation last year, more than double than 2015 after he joined the bank mid year. its annual filing credit suisse says it reached a settlement over mortgage backed securities. the settlement will result in the bank reporting a wider full-year loss for 2016. shares decline the shad sharply

yesterday. it's up today. bouncing back 0.8%. over the last three months, down 3.3%. contessa? shares of toshiba are rising sharply in japan after a singapore-based fund disclosed it has bought an % stake in the struggling company. the fund is now toshiba's largest shareholder because it says its holding is an investment and it expects long-term gains. stock has dropped by half since mid-december after saying it faces a massive writedown over its u.s. nuclear business. theranos reportedly plans to give extra shares to investors who pledge not to sue the blood testing company or founder elizabeth holmes. the "wall street journal" says the deal includes investors who took part in the last funding round in 2015, which raised more

than 6$600 million. the additional shares would come from holmes' personal stake and result in her giving up majority control. the journal says theranos's board approved the deal last month. doesn't scream confidence that there's no wrong doing to be found in terms of this we'll see if it works. stocks we're watching today. gamestop shares are down sharply. revenues falling short of estimates. the retailer announced it will no longer provide quarterly guidance and plans to close at least 150 stores. micron earnings beating the street. the chipmakers results helped by stronger demand and higher prices for memory chips. kb home topped estimates on top and bottom lines saying they are benefitting from a forgaavoe housing environment. shares of oxford industries dropping this morning. the owner of tommy bahama posting earnings below wall

street estimates. i don't know that brand. >> clothing brands. one is for men, lifestyle, resort wear, the other one lifestyle resort wear. >> as well. >> yes. amazon winning 1$1.5 billio in a dispute with the irs over its transactions with a subsidiary. the u.s. tax court made the itself made arbitrary determinations and abused its discretion in several instances. and macy's naming jeffrey gennette as its new ceo. no move in the stock price. still to come, washington takes center stage this week from healthcare to supreme court nomination hearings to an update on the proposed travel ban. we'll tell you everything on the agenda here.

your path to retirement may not always be clear. but at t. rowe price, we can help guide your retirement savings. so wherever your retirement journey takes you, we can help you reach your goals. call us or your advisor t. rowe price. invest with confidence.

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 "worldwide exchange." to an update on the london attack. new investigation details emerging this morning. willem marx joins us with the latest. >> reporter: that's right. the metropolitan police in the last hour telling us they have two more arrests under their belt overnight. on wednesday night, the night of the attack they made eight arrests, six addresses were raided. they released one woman on bail,

but they have nine people in total in custody. the chief anti-terrorism operating officer says they are looking at motive and some associates of this man. they named him as adrian russell, he at age 52 was responsible for driving over this bridge in westminster knocking down a number of pedestrians. we learned that another person has succumb to their injuries. a 75-year-old man who has not yet been named. the m.e.t. saying they're reviewing security procedures aroin t around the palace of westminster. this attacker made tin side the estate on friday. that's where he fatally stabbed a police officer. >> willem, great to see westminster bridge open and being used by commuters again. wanting to dive into the detail in terms of the security review. there's a big question and sense of confusion over here stateside

about the fact that why the police officer was not armed. it is not the norm for any police officers to be armed across the yew night yew nighte kingdom, and more information about how others were able to get there and shoot the attacker. >> so this entranceway, the far side of westminster, known as carriage gates, is sometimes open to vehicle traffic to allow ministers who drive in in their cars from various government departments in this area around westminster when they need to vote. wednesday was a day they were coming into vote. the gates were open. there were flthree, four policen there not armed. it is a public facing role, you will often see them in photographs with tourists, these policemen. by chance there were a number of

armed police there as a personal security detail for the defense secretary here, sir michael fallon. they happened to be on hand and they're the ones responsible for shooting this attacker. some mps last night coming out saying if they had not been there, there was a chance the attacker would have made it inside parliamentary buildings, that's adding to concerns about the security procedures in place here in westminster. >> thank you very much for that update. appreciate it. willem marx live from london. a federal appeals court set may 8th as the date for oral arguments on president trump's revised travel ban. the move came in response to the justice department's request to expedite the case. the court will decide a maryland judge's decision to block the order banning people from six muslim countries. the senate top democrats will oppose neil gorsuch's on

f con fir missifirmation to the s court. chuck schumer says he feels gorsuch is not independent of the trump administration. in order to block the confirmation, shchumer would hae to invoke a philly befilphillfi. the vote on the keystone pipeline is expected today. the federal government ruled that president trump's new washington hotel does not violate its lease, this despite a clause forbidding elected government officials receiving financial benefit from the property. the government services administration says because donald trump resigned from his position with the trump organization and agreed to receive no direct earnings from the hotel he's not breaking conflict of interest rules. still to come, the top stories and a round up of the global market picture. plus would you pay for twitter? we'll tell you about the premium

service the social media firm is reportedly considering. stay tuned, you're watching "worldwide exchange." i moved upstate because i was interested in building a career. i came to ibm to manage global clients and big data. but i found so much more. ( ♪ ) it's really a melting pot of activities and people. (applause, cheering) new york state is filled with bright minds like victoria's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin.

good morning. futures pointing to a higher open, but the dow and s&p on pace for the worst week since the election. the president saying if are

a. vo a vote is not held today on the new healthcare bill, obamacare stays. >> and advertisers continue to pull ads from youtube. good morning. a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm contessa brewer in for sara eisen today. it's new music friday. kicking off the weekend with the latest from g easy called good life. >> we will now get to the global market action. we are ready to tell you about this. let's have a look at what the futures are doing this hour, they are called higher for the most part. the dow open by 33 points. the s&p in positive territory. the nasdaq slightly lower.

story of the week is more interesting than the story of the morning. down about 1.3% for the week. give than we haven't had that healthcare bill passed yet, we should probably frame those declines as resilience as opposed to bearishness. things could have been worse, particularly given the size of the declines we saw earlier, what we have seen in the second half of the week is a step back from the bearishness. the vote which is due to take place today, will be the key factor to watch. it could make markets end more meaningfully positive or pulling back significantly by the time we get to the end of the week. >> with the president saying vote on it today or we move on to something else, it may be that it doesn't matter what happens with healthcare. if the big obstacle was let's get to tax reform and deregulation, let's move to the other more fundamental parts of money, then maybe the president laying down the gauntlet will make all the difference. >> i think it certainly

crystalizes the effect to today. i think it would be hard for markets to feel like he's going to deliver on all of his legislative promises if he can't get this -- such a republican idea passed. if he's going to fail to unite his party on something that is so clearly a political issue against the democrats, then it worries people about what he'll be able to do going forward. and tax form is so linked to this healthcare bill. so much of the funding from the tax cuts comes from the bill itself. a lot rests on the vote today. let's look at what's happening around the world. asian trade finishing on a positive note for the week. the nikkei up a nice percent or so. hong kong, china up a bit less than that. european trade has improved in the last half hour or so. we got pmi data better than expected. still soft for the day as a whole. soft for the week as a whole, less so than in the u.s. the ftse 100 down 1% for the week.

germany and france looking better. france down a third of a percent for the week. crude continues its slide. wti down more than 2% on the week on pace now for the third negative week in four taking a look at crude this morning. bouncing back somewhat here, up three quarters of a percentage point. brent up a half point. nat gas down a half point. to the treasuries, treasury yields moving slightly higher today. the ten-year yield ep up 2.430. bouncing back from earlier. as for the currencies, the dollar index is on pace for its third negative week in a row. down against the euro this morning. up against the yen, just more than 0.1%. up against the pound as well. >> the euro pairing is something i'm watching. quite an interesting debate at the moment. as we've seen, the dollar has slipped this week, but not too significantly in total. 0.6% for the week as a whole against index. if you look at the pound's

rebound, it lost a bit of steam. but the euro has been more resilient. that 108 level seen as important in terms of resistance levels. it rallied quickly to it. went above 108 yesterday. briefly the day before. if it can stay above 108 for a close, we could see a euro break out more significantly. quite an extraordinary recovery in the euro in terms of the short-term. politics a fact their has not derailed it over the course of the last week. people less concerned about the french election. >> let's look at gold before we move on here. gold broke its big win streak, but there you can see this morning down by a third of a percentage point. 1,243. moving on to the top political news, president trump says he is done negotiating the house republican bill to repeal and replace the affordable care act. he is giving lawmakers an ultimatum pass the bill by today or obamacare stays. republican voters delayed the bill last night after if was

cle it was clear they didn't have enough support. an amendment to the bill that transfers powers and new funding related to essential health benefits back to the individual stakes. on the wall street agenda one economic report. february durability goods at 8:30 a.m. eastern time. the headline number is forecast to rise 1.5% roughly in line with january. we'll watch for the chicago fed president, charles evans, st. louis fed president, james bullard, and new york fed president, bill dudley. as for earnings, retailer finish line before the opening bell. new data from the lipper showing u.s. based stock funds posted $1 billion in outfunds. investors poured 8$8.3 billion into u.s. based taxable bond

funds, the largest inflows in eight months. south korea's finance minister says he can't rule out the possibility that the u.s. brands the country a currency a manipulato manipulator. he said south korea could face problems if the u.s. treasury changes the current policy. the interest rate, as you can see -- exchange rate, excuse me, not doing much today at 1,120. last year elliott management called for samsung to split itself in two and pay out a $26 billion special dividend. but any restructures may be put off as samsung is embroiled in the corruption scandal that led to the impeachment of south korea's president. samsung's leader, jay lee, has been charged with bribery and

embezzlement as part of the scandal. >> on the south korean thing, clearly a lot of negative headlines at the moment against the politician, the former president, and samsung. but most asian investors are encouraged by the change, is that are taking place in south korea over the last 12 months. historically everyone has criticized -- international investors have criticized corporate structures in south korea because they don't believe shareholders should take parts in the gains, it's more of an employee driven thing or family driven thing. shareholder returns, payout ratio s very, very low. one of the criticisms of samsung, they have piling e insh and never return it. in general that is changing things. some of these investigations and headlines seem negative, and it is part of an ongoing improving effort, something that asian investors are becoming mohappy

that they're changing their corporate structure. the doj settled the at&t and directv case on baseball talks. most residents in l.a. have been unable to watch the dodgers on television the last three seasons. the justice department is kur d currently reviewing at&t's deal to buy time warner. at&t stock not doing much this morning. the top sports story a big upset in the ncaa tournament last night in the west region. xavier faced the two seed, arizona, and took a two-point lead with less than a minute to go. arizona tried and missed a desperation shot with seconds left. xavier won 73-71. the musketeers who sara will

love because they're from cincinnati, advanced to the elite eight for the third time in school history. they will play top seed gonzaga last night. >> i enjoyed that. it was like i was there at the game. >> i do love reading sports. it's fun. energetic. and march madness. >> you showed myself and sara up on that. you delivered. particularly when it comes to the golf reads, we don't usually deliver on those. i would deliver on soccer reads. time to move on to the top trending stories. johnson & johnson and jpmorgan chase are the latest companies suspending digital advertising on youtube. verizon and at&t suspended ads yesterday following the likes of marks and spencer. brands are pulling business over concerns that ads may have appeared on channels that broadcast offensive videos. this is picking up a bit of pace for google and youtube. >> it may be that once other companies started pointing it out, it made the pr departments or companies say, what's going on with our ads on google and

youtube? should we be doing the same thing? the nfl is selling the rights to stream its thursday night games next season. big tech companies are taking notice. re/code says facebook, amazon, twitter and youtube all in a bidding war for the rights. all four companies spoke to the nfl last year about the same deal, which twitter won with a $10 million bid for the right to stream ten games. but this really raises a big switch, especially because the traditional companies are spending big bucks to air the games, and if they're allowing some of these social media companies to stream them, is it going to encourage more cord cutting? a lot of people now only keep their kablt scable subscription live sports. >> couldn't agree more. this is something i've been talking about for years, particularly in the uk when you see broadcasting companies paying huge amounts relative to the size of their balance sheets and the annual cash flows to buy

the rights of live sports, particularly in the uk the premiere league soccer. you look at the cash balances of an apple or google, they could blow these guys out of water so easily to buy the rights. i'm surprised it's taken them so long to start doing it, because that attractiveness that live sports coverage delivers, it deliversity and drives ad revenues. >> especially for sports that are seeing declining viewership, fan base, they want to keep that up with younger people. younger people are only using streaming services. >> all right. >> let's toss for it. >> okay. twitter is considering creating a subscription service for power users. it would give users a host of new data and analytic tools. right now twit ser reaching ote

out to see if some users are interested in the product. this is something else i've been talking about, telling users you mist pay and we'll scrap advertisers, all social media platforms, why don't they offer this? you could just have that option. >> who would pay for it? >> i would happily play not to have adverts. >> i don't notice them. >> if you roll it out, it's not like you force it on everyone. two factors would drive this decision, one is the fact they're not making it work on the current model. the other one is it's more of a news service. it's not such a social media thing where you chat with friends and look at content they're uploading, it's news stories where you could pay for more than saying i want to see my mate's photos which is something people are not willing to pay for.

instagram will start blurring out photos and videos that contain sensitive content. if the user posts something that instagram posts sensitive, it will blur out the photo with words like this photo contains sensitive content. >> coming up, the must reads. first a look at where european equities are trading at this hour. just below flat. they've improved a bit in the last hour. decent pmi data across the region. 1% declines for the ftse 100. we're back in a couple minutes. the bottom line is, for your goals,

this is a strategy i'd recommend. this actually makes sense. now on the next page you'll see a breakdown of costs. what? it's just...

we were going to ask about it but we weren't sure when. so thanks. yeah, that's great. being clear and upfront. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. welcome back to "worldwide exchange." time for our must read stories. my pick in the "washington post" penned by the iraqi prime minister. entitled my country needs more help from the united states. a naked plea for more investment. as we right size government we need to grow and diversify our economy encouraging entrepreneurship and foreign investment private siizing state-owned enterprises and rebucing our reliance on oil. earning a living peacefully is

the best alternative to taking others lives violently. this link to other struggling countries and security in these regions is linked. he's not only targets the government in the united states, but american companies. he writes we need u.s. investment to build housing, hospitals, roads, sanitation. we need telecom, we need foreign investors to get involved. he lays it out in a beautifully presented piece about why this will be grade feat for iraq and middle east as a whole. >> it's a plea, not a desperate plea but a tough plea for him to get delivery on considering the tone in washington. my must-read in the uk times, bankers scent a bonfire of the regulations. over here we're talking about the deregulatory financial environment stemming from president trump's agenda.

this throws another factor into the mix in terms of why banks could possibly be celebrating moving forward. actually puts a positive spin on banks from brexit as opposed to a negative spin. ed conway writing when theresa may triggers article 50 next week regulators will be at cross roads do they stay aligned with eu standards, or loosen them to turn the city into a singapore on thames? no prizes for guessing which version the bankers will be pushing. this is the long-term possibility that brexit would be positive for london as a financial center, because it could free regulators up to encourage investment there. everyone right now is talking about the opposite effect, that passporting rights will be lost and london will lose its clout as a financial center. but this suggesting things could go the other way. another issue he throws in is if you see scotland voting to succeed from the uk, then maybe

eden bo edinboro will do the same thing. >> if you have london, dc, new york doing t what happit, what h other countries around the world? >> approaching the top of the hour and almost time for "squawk box." becky quick has more. >> this morning we're all about what washington is doing. that's what wall street is focused on. this healthcare vote, if it happens from, where the votes come from, the negotiation behind it. it's been interesting watching this. if the healthcare vote is not passed, trump indicated he might move on to the rest of his agenda. that may be something that wall street cheers. there's two camps of thought, if they get this passed, that may be much stronger for his hand. the other is it doesn't matter, wall street is more focused on the other issues.

we have mo brooks, a republican from alabama, he's still voting no. that's the latest we heard on that. we will see what it will take for him to vote yes. we will also talk to bill johnson, he is a republican from ohio who is a yes vote. it's all about the republicans and whether they can get their own house in order. that's why we're talking to different republicans from different sides of their own party. we also have ron williams, the former ceo of aetna. he will talk about what this means for the insurance companies. everybody has their own skin in the game on this. every different industry from the insurance companies, from the hospitals, from the doctors, on what it will mean, when and if this bill gets passed. we'll talk to ron williams about what it could mean for health insurers. we've been joined by lots of different analysts to talk about how to figure out how to get your portfolio adjusted ahead of this. particularly when it comes to the healthcare stocks. we'll kick that off with an

anna gupta, but we also have a slew of people to get you up to speed on what latest of the healthcare bill is, what the details are. they've been shifting into the late evening hours. so what is in this bill and what does it mean for you and your portfolio? we'll talk about that all morning long. coming up, we'll discuss the trading day ahead. market watcher michael farr will join us next. stay tuned, you're watching "worldwide exchange" on cnbc. ♪ heigh ho heigh ho ♪ ♪ heigh ho heigh ho it's off to work we go here's to all of you early risers, what's up man? go-getters, and should-be sleepers. from all of us at delta, because the ones who truly change the world, are the ones who can't wait to get out in it.

welcome back to "worldwide exchange." futures at this hour are mixed. 29 points higher for the dow. s&p lower. the nasdaq lower. for the week as a whole, down about 1.3%. joining us is michael farr, a cnbc contributor. good morning to you. thanks for joining us this friday morning. how do we frame the declines this week? 1.3%. is that a bearish signal or is

it quite resilient? >> i think probably the latter, good morning. i think, yes, in given everything that the market has done and the challenges ahead a slight pull back of a point or 2% doesn't mean a whole lot. the question is is it the beginning of more of a greater decline to come and part of what we're seeing from washington is, i think, exactly that. the no vote yesterday or the failure to have a vote yesterday on capitol hill about this health reform act meant that they didn't have the votes. what it says to wall street is we've been dependent on several years on stimulus from the federal reserve. trillions of dollars have been inserted into the market. asset prices have inflated. housing and stock prices have inflated. now post election we saw stock prices continue to increase based on the promise of additional stimulus coming from fiscal stimulus and tax cuts and

repatriation and other things. there's a real question now if this stimulus will appear, and if the president and republicans can't get this healthcare act through, can they deliver on the rest of their agenda? if they can't f it will take so long, are these prices too high? do they need to adjust to sort of old washington normal and the normal sausage making going on there. >> the commander in chief saying if you don't vote on this, i'm moving on. if he's talking about moving on to tax reform and border taxes, isn't that the thing that the markets are most concerned about? i think yes. when i went to bed last night i was thinking this will get muddied down. it might not get done. what will the president do with

this? this president, of course, is not afraid of being bombastic and saying, okay, if you're not going to do it, i don't care about it. i'm going on to the next thing. he will tell us it's not important. that might work. i don't know. maybe he can get on to the rest of the agenda. what we're seeing is that the time frame that most investors had anticipated is going to take a lot longer than expected. i'm not sure that the markets have digested all of the trouble and headwinds that we're clearly facing. this is normal in washington. it's just wall street doesn't like it. >> michael, just quickly. 30 seconds left. is this a buying opportunity for the likes of finals which have declined sharply this week? >> i think it may be the beginning of a buying opportunity. the financials still historically are not overvalued. so, opportunities are out there. if this down trend continues, it

will wash out weaker hands. y you' yes, you will want to start cherry picking. >> that's it for "worldwide exchange" this week. "squawk box" is next. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats. you did that? we did that. really. we analyzed millions of articles and reports. we can identify threats 50% faster. you can do that? we can do that. then do that. can we do that? we can do that.

ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business.

good morning. the negotiator in chief taking a hard line on healthcare. vote for the bill or live with obamacare. an update on washington straight ahead. healthcare stocks fell yesterday after the vote was delayed. we'll tell you which stocks will benefit if the vote passes. futures are up. we'll tell you which ones to buy if they fail. i even write this, it could not be more true. musketeer madness, saxavier upss

arizona. the hair is up on the back of my neck. i can't believe it. ♪ live from new york where business never sleeps, this is "squawk box." >> good morning. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becker along with joe kernen and melissa lee. andrew is off today. watching the u.s. equity futures this hour. things are relatively calm ahead of what seems like chaotic maneuverings in washington. dow futured are indicated up by 25 points. the s&p down by 1. the nasdaq down by 3. the d the dow and s&p 500 are on pace for the worst week since the election. the nasdaq is