resources and marathon oil, all up between 1%-3%. the energy spdr, also about a 1% higher. if it closes above the 1.5, it will be the best day since march 28th. keep an eye on that sector. for now, let's send it back downtown for the start of ""squawk alley."" good morning. it is 8:00 a.m. at amazon headquarters in seattle, 11:00 a.m. on wall street and "squawk alley" is live. good wednesday morning.

i'm carl qintanilla with sara eisen and john ford. joining us this morning, henry blodget and cnc contributor, mike jackson. good morning to both of you. our top story is going to be the markets and rally mode. the dow is up 175. got a pretty upbeat adp number. some of today's top dow gainers are bob pisani is watching a lot of different things moving on the floor. >> complicated parts. 2378. off of the highs. two things moving things. higher yield and higher oil. take a look at the k.b. this is the bank index. buying finally started coming off of the lows of yesterday. we weakened a little bit. they can't decide where they want to go. that's a big influence. energy, the xle, oil stocks, they moved as oil rallied towards 52 dolz.

they came down. copper is up, nickel is up, zinc is up. some of the copper stocks are moving there. freeport may reopen that copper mine in indonesia they have had problems with. a big ipo in the energy space. hess missstream, they own pipelines in the bokken. 25.50. they priced at $23. nice move. big ipo markets opening up. stock markets doing better. this is a yield play. 6% dividend yield in a dividend yield that's growing year by greer. you have everybody piling in to this one. good morning overall. guys, back to you. >> speaking of yields, ten-year, still around 2354 as we got oil inventories to deal with. ism had some negative internals but on adp, as san tolly said a moment ago, in his view, it was a warning not to get too negative on the economy after a past few weeks. >> we will see what the economic

data shows. there is a link between corporate confidence and more hiring. we'll see how much investment there is in the new cycle. we will start to get q-1 earnings. that's going to be the key to, see whether the fundamentals can perform beyond jobs and these confidence leadings, capital investments from companies. >> meanwhile, touchdown, amazon hitting all-time highs this morning. now, worth twice as much as walmart as the company signs that $50 million to stream the nfl's thursday night football games for the upcoming season. shares are up seven days in a row. henry, i know it is a stock you know pretty well. i wondered what you make of the valuation. look, it is certainly a leap of faith that they will continue to develop and invest in these great businesses going forward. i have owned the stock for a very long time. not unhappy to see it. as we set these new highs, that is a big future. they are making a big bet. i think it is smart.

crime is becoming increasingly important video streaming service unlike twitter. they have a very easy path to television sets. so they are effectively saying now think about amazon. when you are sitting on your couch watching television. i think that's a good bet and they continue to pack more value into prime. pretty soon, something everybody has to skub describe to. >> just last year, they were going $10 million from twitter. now, they are getting $50 million from amazon. >> other companies are streaming online. it is not like they have a complete exclusive on it. it is great to be the nfl. >> what's also amazing, i think, is the amount amazon and some others, pretty elite groups, willing to spend on content. $50 million for something like this that doesn't have a clear path to unique modernization. there are only so many companies that can spend that. this is a dire warning to twitter. they proved out the concept and

have been priced out of the market. >> i wonder how many prime viewers or subscribers they have to add to make it worth it. they are offering it as another service to price with some of their other offerings. >> how many jerseys or mugs do they have to sell? >> they can make an app specifically for this perhaps. they can do other kinds of prime tie-ins. they know, because they are so good with this data, exactly how many people watching prime video tends to translate it to them buying products. bigger share of wallet from this customers. based on the data, they can mark this. you could put it in advertising or you can buy cool football games for your prime subscribers to watch. >> what strikes you as interesting about it. the impact on twitter, amazon or the league. >> i think it is a great deal for both parties. if you think about it, i think you said it earlier, $50 million

in incremental revenue for the nfl, it is a drop in the bucket for them but it is a huge number. when you look at the number of nfl fans that live outside the u.s., from the amazon perspective, if a half million consumers subscribing for amazon prime kind of makes this a break-even deal. i think it is a great deal for both parties and brilliant strategy for amazon to expand their presence using the nfl platform. >> you answered my question on the economics of making it work for amazon. i also wonder, henry, we saw that rating softness for the nfl. there was all this concern that younger viewers were going to social media and other waves in terms of consumption. this seems like a good hedge against that. you wonder where that will take them next in terms of deals? >> nfl just seems to sit around and collect checks because they have the programming everybody wants to watch on every platform just as john said. >> at the same time, i think there is this consolidation happening, this premium tier of

online properties that are able to spend this time of money. i think investors sort of shuttered when amazon said they were going to spend $350 million on content over 12 months. this gives a sense of where that is going. that prices a lot of different companies out of this market for this premium contact. you wonder what that means for them. >> in twitter's case, there is a lot of great content they can get and a lot of producers and publishers that don't have nfl rights that are feeding into twitter. we are not seeing a huge growth in video consumption and modernization. very recent change and very encouraging. >> you can't expect to see ft. knox from cnbc on twitter late fer today. >> how do you monetize it? >> twitter monetizes it. >> social media outraged over a new pepsi commercial featuring

kendall jenner handing a pepsi to a police officer. take a look. twitter users quick to call out the company for an apparent lack of sensitivity they said. pepsi issued a statement saying, this is a global ad that reflects people were different walks of life coming together in a spirit of harmony. we think it is an important message to convey. i heard this is much-ado about nothing. i have also heard the argument that how could a company this sophisticated in marketing do something like this? >> my perspective on it, it is really kind of sad. it shows how far pepsi has fallen as it relates to its relevance in pop culture. if apple or nike, back to black

history month that nike did around equality, if they had executed a similar ad, i think they would have taken into consideration that probably wouldn't want to cast a white supermodel in an iconic black lives matter scene. i think it is a matter of execution on behalf of pepsi as well as their rel vancy in pop culture shows the black backlash. >> that's certainly a harsh take, mike. i agree. i have heard the criticism around this ad, tasteless, tone deaf. you name it. pepsi still has other ads. they are doritos and mountain do. they resonate. i would wonder how difficult it is for brands to grapple with some of these social issues, with some of these protests and i wonder if it was sort of the right idea but totally wrongly executed and that it didn't give us a message or the right idea

behind it. it is difficult right now. >> i agree with you. i any it was t i think it was the right idea and the wrong brand. if you look at procter & gamble with some of their brands like dove injecting themselves in this whole movement around womens issues. i thir thenk there is a time tot but the brands need to stay in a place where they are authentic and relevant. this is a one op ed from pepsi. you haven't seen that messaging from them previously or not in the more recent future. i think it is execution as well as they need to be relevant and authentic and stay in their space sbrchlt space. >> this is the snl skit come to life. there is a protest and a diverse group of millennials and pepsi. >> and a jenner.

>> everybody knows why that is funny and brands shouldn't do that. you are taking something that some people hold very dear and you are commercializing it. i understand some people are saying this is much ado about nothing. so many signals, young people, diverse group. you know this isn't just a garden variety protest. >> they voluntarily charged into a mine field. there may have been a way to do it in a way that worked everywhere and got everyone excited and got the message to bring everybody together. there are some things even today that do that. the potential is there and it is extremely difficult and it sound like in the reaction, they didn't do it. >> the stock is up higher. >> what are you going to say about that? >> mike, henry, thanks, guys. a busy morning in our nation's capital. president trump conducting some high profiles with heads of state and welcoming the king of jordan later this hour eamon

javers. a couple of phone calls and at 10:30, the president was scheduled to have a phone call at angela merkel of germany and later in the morning, king abdullah of jordan will be greeted here at the white house by the president and they will do a two and two in the rose garden and the white house aids are very excited about today's weather, cooperating for that event. later on, we are expecting a phone call between the president of the united states and shinzo abe of japan. that's at about 5:30 eastern. this white house is taking a bit of a victory lap here so far in terms of deregulation. it has passed out this one sheet page on actions it has taken on the congressional review act that allows them a limited window to be very expedited in the way they roll back obama administration regulations. they are saying they have done this 11 times.

previously, it had only been done once. they say enter deregulation efforts have saved the economy $10 billion over a 20-year period of time. the white house' estimate on what they have done so far. >> eamon, we are going to come back over to you later today. >> the president addressing that town hall of ceos in washington. one executive will join us on what she did hear and didn't hear. mossberg on his twitter es change with elon musk, we hope to get some clarity behind that. we are watching the mark kits as the dow surges. oil has virtually erased and the equity as well. dow is up 142. you always pay

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keeping an eye on this market rally, you have all stocks led by caterpillar. industrials leading the charge with all 11 sectors in the s&p higher. this is a broad-based rally. president trump holding a town style town hall style meeting yesterday with some of the top ceos in the country vowing to roll back regulations across business as well as the financial sector. this as jamie dimon of jpmorgan chase echoed that sentiment saying, quote, our problems are significant and they are not the singular purview of either political party.

we need coherent, consistent, comprehensive and coordinated policies that help fix these issues. for more on the new environment for business, we are joined by one of the ceos in that town hall style meeting, heidi messer as well as bill george. good to see you both. >> heidi, we got to see a lot of it on tv, that town hall style meeting. what kind of sentiment did you come out of it? were you as optimistic as some of the other building leaders? >> there was modest optimism that came out of it. there is a commitment to reforms that are good for the country across both sides of the table. i think where the concern is is whether or not people will be able to bury the political hatch ched and make sochet and make s promizes? >> are you saying you pair down your optimism after the health care bill failed? >> i think it would be nice to

see more xroe hcompromises and rhetoric. we are focused on immigration reform, education reform, tax and regulatory reform and infrastructure, the real investments that need to be made to see growth on the country's behalf. >> often, if seems like there is the illusion this is the first administration to discover engagement with the business community. it was engagement with silicon valley and google and the like. the trump administration is doing much the same with ceos. have you noticed anything uniquely different about the way the trump administration is doing the way it is doing? >> the president's personal approach has been very powerful. the fact that he has all the ceos coming to him and making promises to him. i think it has been very effective. however, he has made a lot of promises. the stock market has responded, even today. i think the big issue, george, is, are we going to get anything

done. he better learn the lessons from the failed health care. you have to have a bipartisan approach. these are not going to work trying to ram it through with no hearings one way, particularly tax policies, he is going to find out is more complicated than health care. he can get things done for deregulating. he needs to turn to the experts. he has gary cohen inside who knows dodd/frank inside and out. you need to have sound regulation. getting a tax bill through and infrastructure, republicans put themselves into a corner. they don't want to go for 60 votes in the senate. they haven't really got the democrats there. therefore, they can't increase the deficit. that's part of an issue of theirs. would i like to see something rex tillerson advocated, a

carbon tax. the border adjustment tax is a very foolish idea. >> any say that is off, no bat, border adjustment tax, and carbon tax. >> i was saying vat with a "v." >> i think they need something to raise money to pay for some of the corporate tax reductions that are desperately needed. repatriation is key but reinvest it. >> heidi, we don't talk a lot about gorsuch on our air. the mood in the senate appears so contentious this week, how much of that is an obstacle to getting to a bipartisan path on some of these more market-centered policies? >> i think that would be an unfortunate op stockle. what everyone needs to keep in mind is our common interest is the growth of the country and the competitiveness. if political rivalries get in the way of that and positive outcomes, that's absolutely something that should be avoided. >> are you watching that, bill?

>> let me pick up on this. the key is we have to educate the workforce. 85% of the job loss is technology. we need to educate our workforce. the best hope i have seen the trump administration, ivon ka was talking about this. we can't just bring jobs back to the coal mines. there are 5.7 million jobs going unfilled. we have to have educated workers to compete with the germans, the chinese, the japanese and the koreans. neither the obama nor the trump administration has taken that on as a bipartisan thing. it is growth. >> speaking of the technology executives of collective "i," going from a quota based to a merit based is essential. bridging the skills gap is critical. in the short-term, we have to

reform immigration. >> thi thank you. >> when we come back, how at&t's acquisition of time warner, starting to bear some growth. the best day since the middle or beginning of march in the dow. back in a minute. when i was first elected mayor, they would talk about kansas city, kansas like... i can't wait to get out of here. through the years we lost over 30,000 people. we turned that obstacle into an opportunity. the speedway was the catalyst... and because of the speedway we now have a shopping area and a wonderful soccer stadium. and now we're starting to grow in population. it's extremely important to have financial partners such as citi® who believe in that same vision. this area is now a destination.

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at&t making an aggressive move and how they might use their acquisition of time warner. julia boorstin is in los angeles with a look. >> at&t announcing it will give access to hbo for free to its wireless subscribers with unlimited plus plan. assign a sign of how they could work together. if you don't subscribe to hbo, you will get free access. if you are paying, you will no

longer be charged. this will last for as long as you have the service. it is not a short-term offer. unlimited plus customers already get a $25 monthly video credit towards directv or u-verse giving the access to the lowest cost directv package for as little as $10 a month. at&t's unlimited plus is one of the priceyer mobile plan. $90 a month for one plan. today's news seems to add value and lure people into paying for their portfolio of services, stepping up their mobile competition with verizon, t-mobile and sprint as they turn to content to distinguish their services and break out from price wars putting pressure on margins. it shows ou at&t is trying to step up the appeal of its skinny ott television bundle as it faces more competition than

ever. youtube and hulu are next to launch rival services. they announced the option to add showtime for $10 a month. at&t's acquisition of time warner is still waiting approval from the department of justice but is expected to close later this year. >> julia boorstin, we are counting down to the close in the uk and across europe. stocks are mostly higher with gains in oil and mining stocks. they are offsetting some of the losses in autos and health care. in the meantime, on the economic front data it rose to a three-month high. they say they are still committed to making an offer to apply our dutch paint and coasting rival. they are urging their company to engage in discussions. they rejected the $26 billion offer. all 11 french presidential

candidates squared off in a debate with the frontrunners taking center state, centrist emanuel mackron criticizing marine le pen. she struck back by denouncing the support of free trade adding he doesn't represent the change that france needs. sound familiar to some of the arguments here? the first round of the election voting there takes place april 23rd. we see a big you're didn't see reaction. >> people saying she lost her cool a bit. >> the polls didn't move much. >> when we come back, mossberg talking about his twitter with elon musk. tech is on the move. amazon. all-time highs. intel and facebook rallying. we are back after a break.

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good morning. i'm sue herera. your cnbc update. jeff merkley concluding his overnight protest against supreme court nominee, neil gorsuch. he began speaking at 7:00 p.m. lamb basting his republican colleagues over their refusal to hold a vote over judge garland last year. a vehicle carrying census workers in eastern pakistan.

15 more were wounded. they launched the national census last month. the first in 19 years. south korea urging north korea to refrain from provocation saying it will only make the country face further trouble. it is in response to pyongyang's latest ballistic missile test. a woman at cleveland cavaliers game holding up a sign urging the team to win for her 84th birthday. there is warren buffett at the game. 84, that's the age of interns at berkshire hathaway. that's the news update this hour. carl, back to you? >> sue herera, markets are rallying. dow is up 110. off of the highs for the morning. we are joined by cowan and trading david seeburg. a lot of pots are boiling. macro data and mna. what explains the run-up and the more recent pull back? >> we saw the adp number come

out. the futures were up small, three ish roughly. that made them pop. i still think, carl, we are in a trading range. we talk about this all the time on "fast money." we are in this range where investors are really concerned. they are concerned about we are not going to get a lot more up side. we are sort of in this period where the down side risk is sort of muted as well. we are sort of in this pattern where we are waiting for trump initiatives to come through and some timeline in that passion. we are waiting to see some obviously more positive data come through on the economic front. in general, i feel like we are almost in this hold pattern. >> is concern the right word when we are looking at a lot of high-profile all-time highs. >> if is concern. people are afraid of missing up side. they are frayed afraid of being. underexposure to certain parts of energy and underexposure to parts of the world that are going to benefit from this

positive headline that quo coco come out or positive d.c. news. people are underexposed. the fear of missing further up side stands in the face of some investors. >> thinking about deals because they had a $7.5 billion deal to take out panera and take it private. whether you expect more in the restaurant or retail industry, and whether this new trump administration and some of the regulators are going to be friendly toward deal-making. >> i think words can happen. we have spoken on this, sarah. the biotech space. you have a company like gillian that has to bolt on some sort of franchise to keep going. they have franchises that are decaying. they need to go out and find some growth. the small and midcap names are

right. you are going to see it outperform. mna is going to kick into high gear. i look at this sector and say, that's where the biggest up-side surprises within mna. >> good to see you, david, david seaburg watching the market rally with us today. tesla rallying passing ford's marketing cap. mossberg kicking off a twitter with elon musk. mossberg saying, this is the billionth example why stock reflection don't show reality. >> tesla is absurdly overvalued. a stock price represents risk adjusted future cash flows. >> joining us now, walt

mossburg. elon musk seems to have gotten better at defending his lofty stock price. what do you make of this and what it says about where tesla is and needing to make customers and employees and investors believe. >> every company has a narrative. i think tesla has a strong narrative. i meant what i said. i admire tesla. i admire elon. i know elon. just so spokes don't think this came out of the -- that there is no relationship. there is a bit of a relationship there. it is a friendly one. it has nothing to do with my tweet had nothing to do with tesla, per se. i just don't happen to think market cap is a particularly meaningful way to value whoes goi what's going on in a company, because investors have 1 million

different reasons for buying a stock and 1 million different kind of investors. it ballooned into a huge, big deal on twitter as these things do. tesla has a narrative. >> you watched the products and the technology pretty closely. let me ask it this way. i remember back after apple came out with the ipod. i was looking at the stock and they said they would have to take over the computing industry to justify the trajectory this stock is on. it turns out they kind of did that. amazon is trading above $900 a share. that's because it is eating retail at-large. how big does tesla have to win with the prod duck, wi ducprodu factory to justify what's going on with the stock in. >> i'm not a stock expert. >> you are a tech expert. >> i know a lot about tech, not so much about stock. i don't own any tesla stock. i don't own any stock in any of its competitors. it is a great question.

the answer is, this is not just a question of who is going to sell the most cars. they are not a normal car company. they are a tech company and beyond that i think they are really an energy company because of the battery and solar piece of it. i am not talking now about the space examine. some people confuse that too. just tesla. it is more than cars. so we are now in a fundamental race to reset the transportation industry in the world and particularly in the united states. tesla is a first mover. they have done a good job, very good job, i think, so far. they are still not making money but they have done a very good job. >> so they have to win it sound like. >> they have to win as a tech platform in order to go where some people are hoping to. i hate to leave it there. i want to get to your column. your latest column is a review of a new play base which you say

solves tv audio problems but comes as a cost as most products from sonos do. people are concerned they might be come modifying themselves by allowi allowing ingrags with amazon alexa. utterly gorgeous sound, immersive room-size sound in a big room from just one speaker. you can group more than one. it is that ability to control a whole house full of sonos in various way through the app. i disagree about the commoditizing thing with alexa. there is no alexa controlled thing i know of, speaker, that is in sonos class. >> i am sorry to cut it short. we have breaking news to get to,

walt mossberg. the shake up in washington. let's get to john harwood with the news. >> the trim administration has reversed the most controversial personnel move it made to change the composition of the national security council. steve bannon, the former breitbart executive who displayed a lot of republican foreign policy traditionalists by being put on the national security council by president trump is now off of it. in conjunction with that, we have tom boss cerert, the homel security adviser, being downgraded. he was a counterweight to michael flynn. henry mcmaster is now unquestionably in charge, the national security adviser. in addition, the permanent participation status of the director of national intelligence, dan coats and the

chairman of the joint chief of staff, joseph doneford has been reaffirmed before they had been on an invitation only basis. this is a recognition by the trump white house that they are going to need to move back to a more traditional approach here. this will please the traditionalists in washington, the establishment types who have served previous presidents in both parties. guys? >> yesterday, john, you made the point that the balance we have traditionally seen between the executive and things like the cabinet, tillerson/kushner, were not traditional. this is now an extension of that? >> well, this is more in keeping with the way things have been done in the past. david axlerod who had the comparable role to steve bannon did not have a permanent seat at the table of the national security council. he may have attended meetings but was not a participant, but was an observer. steve bannon had a higher level

of authority and that unsettled a lot of people given the nationalist views that he has been espousing. how is this going to be taken? whether real or not. it seems to be between the prebusiness camp and the bannon camp. we had katy walsh out there and steve bannon out of the national security council. how is that perceived rivalry shaking out. it is difficult to pars how the rivalries go day to day. yes, you started out with reince priebus as the establishment republican. i think it is more about changing the way things are. this white house is seeing that it is not functioning very effectively. the president is 35% in the

qui quinnipiac poll yesterday. certainly, now that we are facing heightened foreign policy challenges from what happened in syria with the use of chemical weapons to the north koreans firing the missile on the eve of the meeting with president xi in florida. all of that suggests that a more settled, stable, normal approach to foreign policy is called for. >> john harwood in washington, that's big news. appreciate you bringing it to us. thanks, john. dow is up 139. we continue to watch the markets as we go to break. along with bonds, rick san tessly, whsantele, what are you watching today? >> in the pits, people and computers get along pretty well. before that, there were rulers. we are going to talk about some of the old school technical analysis after the break.

an exclusive interview with one of the best stock pickers in the business. we are going to see if he thinks the rally can continue. mr. cooperman is going to give us his list of topics which include big names in tech, transportation, energy and industrials and apple and amazon hitting new highs today. we are going to debate whether it is too late to get in. carl, we'll see you in less than 15. meanwhile, a rally underway. scott said the nasdaq hitting an all-time high. let's get over to bertha coombs. >> a lot of action when it comes

to the larnl cappge caps. the big round number for the nasdaq, 100, 5500 eyeing that as well. that's the real outperformer with a handful, quite a number of big names hitting all-time highs about two dozen of them here at the nasdaq. amazon and apple. as you mentioned, amazon marching toward $1,000, am getting back near its all-time high in terms of market valuation. those are the usual suspects that lead and panera bread is one of the big winners with the takeout price coming from j.b. holdings, giving a little cake and physicfizz all-time highs t. let's get to the cme group, rick santelli and the santelli exchange. rick? >> thanks, carl. when we look at markets these days, there is so much out of rhythmic commuter driven trade.

i am not questioning how good and granular it can be. there are times where i like to get out the old protractor. i will bring it in the future. one of the old brain exchanges that opened in the midwest, gave them out as gifts, the old plastic triangle. it had little hole ns it. there were 45-degree angles, various angles, we call them 1 x 1, 1 x 2. it was slope and geometry. you have heard me talk about one of the big issues with just watching price is that one of the rules and the reason these angles work is that time and price square according to one school of technical analysis. to that end, let's really look at the charts. the more tools you have in your tool box, if you have ten things you look at from a technical perspective, you get six or seven all moving in the same direction or looking at the same time or price schedule, you give

them higher priorities and take that and add in fundamentals, watching lanes and rates and the fed and mario draghi. you pull this together and get better. here is a one year of ten-year notes. in july of last year, we made the second of a double bottom around 136. i'm going to show you a trick. i call it hi-lo, perpendicular mid-point. when you get a significant bottom, you look at the last top and connect them. you find the mid-point and draw a perpendicular line. the more important it is, the better it works. look at how it works. you have a time aspect and a price aspect. is it flawless? nothing in technical analysis is flawless. giving you time and areas of price. you have other things, moving averages, bollinger band. you get better and better. computers are fun.

there is a lot to rule if you have a good ruler. >> john fortt, back to you. >> thank you, rick santelli. one hidden cost in particular for palm beach residents to accommodate the president and the right back.

you've heard the president call mar-a-lago the winter white house, but the cost on local residents may be too high. we're joined by elon, who's at

palm beach airport for more on this story. good morning. >> it will be a high stakes meeting between president trump and president xi here tomorrow, but many local businesses say it's just a giant headache and that's because when the president comes to town, this airport arnold me shuts down. it's right in the middle of a ten naugtical mile no fly zone. jonathan the tells me expects to lose $55,000 during this four-day visit. >> when it closes your business entirely, it kind of has loses that luster. but you know, i'm torn between welcoming his visits and looking at my business closing down during those periods of time. >> this is president trump's seventh visit down to mar-a-lago and the frequent trips have forced one business to close up shop. the flight training school has had to move an hour away to ft.

lauderdale and lot of wealthy business owners keep their planes out here on tarmac. we talked to one, phil, he owns one of the most expensive planes out here and he said he is dreading the day president trump spends two weeks at mar-a-lago. i reached out to secret because everyone's looking for a solution and what they told me, is the security of the is their utmost priority. there's no compromise yet. >> one business that it's probably good for is mar-a-lago itself. >> that's right. we did talk to the head of local tourism word board. they said hotel bookings are up. increased foot traffic in stores and restaurants. here at the airport, they're really frustrated by the fact they cannot fly out when the p president's in town. >> a headache you called it. thank you. from palm beach. ahead of the big visit from president xi tomorrow. just moments away from the arrival of jordan's king at the

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arrival of king abdullah at the white house. the second of several high profile diplomatic meetings for the president this week. he's going to kick off a two-day meeting with the president of china at mar-a-lago tomorrow. discussion here might center around whether or not there is arab consensus for mideast peace, whether or not there is a deal in for palestinian state hood. dift to know how much attention the president can give to this when he has xi tomorrow and this weekend. north korea obviously flaring up this week, the un abau. ambassa speaking as we speak. >> arab spring, years ago, we've seen al sisi visiting the white house, get iting a warm recepti. we've howard commentary out of this administration about syria and how removing assad there not a priority.

it will be interesting to see jordan was one of those countries seen in the cross hairs of arab spring, but jordan, also a traditional ally of the united states, so what will the count be. >> jordan was part of the u.s. coalition to fight isis. it has not been involved. the interest appeared to be b on the same waive length when it comes to the fight, so what if any new ground can they break. also, i think the mideast peace process would be interesting. a tall order, but something president trump himself has stated he wants to get into, said jared kushner could be involved. he knows the region quite well and jordan paints itself as a mideast mediator. we ach the posturing of president trump as he greets all of these world leaders.

it has been one after the other. >> has largely looked past some of the friction this week. has been reflected in share prices. instead today, it's more about panera's deal, tech doing well, amazon about 920 and the like. >> not just tech in general doing well, but companies like box doing well in particular. interesting to note, the first lady there also to greet king abdullah of jordan and his wife. we haven't seen melania trump at that entrance greeting world leaders all the time, so that is of note. >> going in. posing for their photo op and continuing to watch. there's going to be a news conference. >> just after 1:00 eastern time. we'll keep our eye on that, on the market