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>> happy friday. here with me at post nine. carl has the day off. >> we start with the markets. what a wild week it has been after suffering the worst day of the year on wednesday, major averages are recovering a fraction of their losses. in fact, they're having the best day today in about a month. let's bring in david kelly and mark kessler good morning to you, david. we're looking at all 11 s&p sectors higher right now. >> clearly there's been a lot of turmoil out of washington. i think the appointment of the

special prosecutor may actually help calm things down because rob miller will work away in the background. but meantime as long as the administration maintains some discipline and focuses on its agenda, it may find it easier to do that with a special prosecutor working in the background rather than this constant back and forth with the media and the senate and house committees. i think thing also quiet down in washington. >> so, mark, still after the swings we've seen and sentiment in the markets and politic this is week, how are you advising investors to deal and grapple with any political turbulence to come? >> sure. we've been basically focused on the fundamentals, sarah, and have been skeptical that the tax cuts would be to the scale that some of the investors have priced in on the equity market. recent pullback in equities and rally in bonds hasn't really

surprised us. we're still constructive on the u.s. economy. we think the fed will continue to raise rates. although gradually. and in terms of investing, we're really focused on housing and the consumer. and also we like tip ace lot. we it think inflation and valuation makes sense as the hedge for higher inflation going forward. >> david, i want to mention, we're at session highs across the board. dow is up around 117 points. i'm curious about canaries in the coal mine. are there stocks or sectors where we get a 5% move that has broader implications for the market? >> i tend to look at the milk numbers more than market numbers as my canaries. the market has been moving up but today ai lot that have has to do with the fact that cash is paying you nothing and bond market is. that's funneling money. i agree we don't get the full corporate tax cut that's being

propo proposed. i don't think we'll get as much fiscal stimulus as the president has proposed. i think that's a re good thing. it's a full employment economy. makes no sense to push massive stimulus into a full economy. events in washington suggest that president will have a tougher time getting his fuller agenda implemented but toned down version might be better for markets. >> mark, you look at the world primarily through credit and equity investors have been taking a lot of heart. you have junk bond yields down 5%. and it's basically not really kind of wobbled that much this week even. so, does the credit market have it right is my question. we've seen bond market strategists say it's the biggest risk to high yield. are the two markets leaning on each other right now? >> i think the equity market is clearly looking at this global synchronized earnings recovery and the fact that you have

economies like emerging markets growing now. equity market is looking at growth. that's why the stocks are doing fairly well. and, obviously, pricing in some tax reform. the credit markets are simply reflecting this huge demand for income all over the world and basically the fact that supply has been relatively low, relative to maturities in the credit market. it's simply supply and demand. we, by the way, throughout this year, have been upgrading qualities. so these tight spreads on high yield and lower yields, we have been trying to upgrade our quality and go more into the investment grade, the higher quality segments, bank loans and secured bonds and also we're still constructive on housing and the consumer as well as a few other areas. >> david, i'm going to push back on your idea that we don't need washington stimulus. you said this the last time as well. we have had the weakest economic recovery of the post world war ii era. we haven't managed to break out of % growth.

for a lot of americans this recovery still feels very frustratingly slow. they haven't seen their wages rise. why would you say we don't need to see stimulus? why would you say we don't need tax cut relief or anything like that? >> it is frustratingly slow. this is a supply side problem. total number of workers in america has grown .4% a year the past decade. that's where the effort has to be. we've got to try to bring more people into the workforce through perhaps more immigration, reform on social security. you've got to do something to increase investment spending. if you cannot supply more in the economy, you don't want to increase demand. all you're going to do is overheat the economy if you do that. it's very important to do the supply side things, to make business more productive, to increase people's participation of the rabe force but don't just pour sugar into the system because you're just going to overheat it. >> we'll see what happens,

whether we get the stimulus and whether it leads to some sort of overheating. we'll leave the conversation interest. thank you, david kelly and mark keisl. michael, as we talk about the big movers, three we're watching on the floor of the new york stock exchange. we'll start with the bad news first. here at imc post 6. foot locker. we're down 15%. footlocker comes in with weaker than expected sales, comparable store sales. they blame some of the stronger dollar effects and tax release timings. worst performer. and citadel, campbell's soup down 2% as well. earnings in sales missed estimates and they cut their outlook here, blaming some of it on slower sales of their condensed soups, vegetable soups, that sort of thing. on a positive note, john deere

over here, post five, those gains have been accelerating throughout the course of the morning so far. better than expected sales and profits and, of course, of course, this idea that deere is seeing some pretty modest growth out there. good story if you like the industrial stocks. >> thank you, dom. still to come, the fcc is taking its first major steps to unwind obama-era regulations dealing with net neutrality. we'll speak with robert mcdowell. out with the best companies to work for, linkedin. find out which tech giant made the cut. and apple's push into diabetes research. what tim cook is up to when "squawk alley" returns. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage.

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the federal communications system beginning to undo. rules demanding an open internet harm jobs and discourage investment. rob mcdowell, appointed by president george w. bush and again by president obama to talk about some of this potential rule change. rob, good to see you this morning. could you say in practical terms and maybe specific terms what these rule changes will enable telecom companies, internet service providers to do that

they might not otherwise have been able to do? >> thanks for having me today. it is a complex issue. there's a lot of hyperventilation and over simplified rhetoric out there. so i'm glad you're asking. no one is disputing the need for a free and open internet that maximizes consumer freedom and allows investors to take positive, constructive risks. the question is whether this 83-year-old law, communications act of 1934 signed by franklin delano roosevelt is the way to go. there are other laws on the book that gave us the system we have today. fcc changed course radically in february 2015 when it imposed title ii. there's growing -- that capex has been curtailed. we embark upon the next

generation of mobile wireless, 5g, fifth generation of mobile broad band, we're going to need hundreds of billions of dollars invested over the next decade and want to make sure that hangs over the head of internet providers and wireless, in particular, is gone and that this title ii thing has a thousand requirements. we don't know where the fcc could go. i'm an optimist. i think there could be a win/win/win scenario here. >> if it's a matter of encouragement investment by these companies and enable them to seek greater returns down the road, that implicitly means somebody is paying for something that they weren't otherwise going to, right? they see greater profit potential in order to invest now. where does that come from? >> ultimately from consumers. but it also helps to groet economic pie generally. if you think of the emerging internet of things and how there are all sorts of projections to the millions of jobs that could

be associated with that and the u.s. leads the world in the development of internet, that will help productivity. your previous segment talked about a lack of productivity and wireless connectivity is a huge part of that. you have an overall growing economy. consumers are paying much less per bit today for their broadband service. it's really a win/win/win possibility. >> do you think it's possible for fcc chairman to regain neutrality at this point? i don't know how this happened. the past couple of years, people have come to equate title ii with an open internet as if not being in favor of title ii means you don't want the internet to be open. people are flooding inboxes with kind of form e-mail about this. how does ajit pai reclaim part of the mayor active?

>> excellent question. thank you for asking that. it's important for people to understand january 2015, the internet was open and free. why was that? there were existing laws on the books like section v of the federal trade act, section ii of the clayton act, contract law and things like that. it's important for ajit, my friend and former colleague, and the chair of the federal trade commission, maureen olhausen, acting chair. i hope she becomes the full-time chair, to encourage consumers and everybody that the laws on the books will not tolerate internet service providers from being anti-competitive and harming consumers or entrepreneurs. and what areas specifically? >> here is how it work -- i'm sorry, what areas specifically would they say this? >> we should mention our parent company, cnbc is comcast. that's one company that people tend not to trust in this situation. what areas do the fcc and other

regulators need to promise that they're going to protect consumers for this to work? >> excellent question. anti-competitive conduct. so the term discrimination is used a lot. telecom law, term of art. if you're downloading a movie, you want that to be downloaded very quickly, right? you don't want the cat video, e-mail or spam interfering with your download of the movie. that's a form of discrimination. it's all about consumer empowerment. what do consumers want? the notion behind that neutrality, which is not a legal term -- it has no legal definition, is are internet service providers frustrating consumer demand, harming the marketplace? thus far they haven't. if they were, there are laws on the books that would either prevent that from happening or punish them if they did so. that's important for consumers to understand. >> all right. we don't want too many frustrated consumers out there, rob. thank you very much. >> thank you. >> rob mcdowell for running us through that. as we head to break here,

watching shares of sales force, topping estimates on the top and bottom lines, raising its full-year guidance thanks to strong demand in the cloud. the stock is up 1.5%. here is ceo on "mad money" last night. >> crushing oracle, microsoft. it's across the board we're getting these great wins in sales, surface, marketing. r me, there's some great golf here in the carolinas. whether you golf or not, geico could help score you some great savings on car insurance. maybe even hundreds of dollars. whoa! (chuckles) hole in one! and that's a par five, mind you. see how much you could save on car insurance. go to geico.com today.

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hottest companies to work for while alphabet, amazon. twitter and uber find their way in the top 25 despite many business and management problems at those companies. let's bring in cnbc contributor suzy welch and linkedin editor in chief. welcome to both of you. a few surprises on this list, dan. uber being so high on it, people

who have been there are not immediately heading out the door. >> engagement on jobs. people, companies post jobs, looking at those jobs and are they applying once they see the job? staying at the company once they get hired? are they researching the company, reading what the company is putting out? seeing softening since we closed the list. numbers are still year over year looking at apply iing at uber. >> i have to admit i was surprised to see comcast, nbc universal at netflix a place where people want to work. what's the overall message there? >> part of what's driving.

probably what it's got going over netflix there are fewer jobs at netflix. >> yes on uber, are they giving them equity in the company? is that an appealing factor for young millenials? >> that is an appealing factor. carolyn fairchild looked into it. the reason people were looking at it people are changing jobs more frequently than ever. millenials will work for more companies than any other generation and collecting experiences. they want to be able to say i launched uber in this mark, i did this and that. uber gives them a chance to do something very big. universal, same thing. big audience. lot of room to play. >> suzy, did uber surprise you? >> yes. >> you've seen the pr crisis

after crisis. >> we all shook our heads when we saw uber. but it fits into the story. people can get incredible experiences but also credentials. they've got this brand factor. people want to work at companies that are household names. you work at uber, twitter. who goes through a day without using amazon, google in some way? people are driven by these audacious challenges, credential and brand name no matter how much trouble they've been in, apparently. >> they get a job at these top companies, they tend to stay in this universe. you want to get in, get branded as someone who has done something at uber and suddenly the door opens for you at other tech companies. the conversation around uber and whether you want to work there is trending right now. is that always a positive way for the company, whether people are hashing out whether it's a good or bad idea? >> i think every company needs to know that they own that

conversation. if there's a massive talent flow out of the company, if you don't think you'll get to work for people who are achieving great things, it's going to stop. the top talent won't go there anymore. >> how hard it is to get a job at these companies. some of these companies like google, right now 957 jobs listed on linkedin that are open. i think there's a super big message. >> how thin can you slice it? it's great if a bunch of people want to work at your company. really, you want specific people and specific talent, high-level

engineers. you want, perhaps, diversity. >> we were -- thing that we looked at was which skills they were hiring for and are they getting people to fill those skills? you would expect to see many different skills across these industries. but no matter what industry they're looking for a variety of skills, whether you're in manufacturing, shipping, whatever it is, you're all looking for the engineers. >> superstar engineer. >> is wall street on this at all? >> jp morgan is another one. look where the hiring is. >> people want to work in the white house. >> when we come back, president

trump ready to unveil what could be the most lucrative arms deal in american history. ian bremer weighs in as "squawk alley" returns. i joined the army in july of '98. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family, and we will be with usaa for life.

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these are walls that bring us together. because quality public schools build a better california for all of us. good morning, everyone. i'm sue herera. anthony weiner, pleading guilty in a federal court in new york in a child sexting case. as part of the deal, the government asked him for him to serve 21 to 27 months in jail.

you're looking at live pictures of him outside the courtroom. he cried as he apologized to the girl that he exchanged explicit messages with, saying he has a sickness but that is not an excuse. motorist accused of steering his car into pedestrians at times square has been charged with murder and 20 counts of attempted murder. 26-year-old richard rojas was charged with five counts of aggravated vehicular homicide. north korean state tv reporting that very maniers of the missile rocket received a hero's welcome in pyongyang thursday. hundreds of thousands of north koreans waving flags to greet the team. and tom brady has signed a multi-year deal to endorse aston martin's db-11 car. in a statement brady said as a

long-time fan and driver, he is honored to join the aston martin team. that's one good-looking car. and quarterback. that's the news jp date this hour. back downtown to "squawk alley." >> won't get too many arguments there, sue. >> yes. >> you might know everybody who might buy an aston martin. it's not that big of a manufacturing run. >> that's true. it's a pretty car, though. >> sure is. thank you, sue. >> you got it. right back to hq with seema mody, who has the european close. hi, seema. >> hello, mike. stocks are on the rise today. the outlier is the ftse 100, helped today by the miners as commodities continue to rise, anglo american, glenn core among

the biggest winners. the pound is back up to eight-month highs, recoveryer recovering from what some are calling a mini crash on thursday. most european stocks after jeffries downgraded them from hold to buy partly due to uncertainty in brazil. a name to keep an eye on. greece, the country's parliament, approving new austerity measures and reforms late last night. the package is necessary to unlock billions of euros in aid and pave the way with the deal for greece's creditors. the stock market seeing a one-month gain of over 15% on this debt deal. energy giants have been lining up to invest and build

infrastructu infrastructure. taking place this weekend could change that if president rohani isn't re-elected. foreign investment in iran could become much more difficult. sarah, that's why this, of course, is an election we're watching very closely. back to you. >> seema, thank you. >> make his foreign debut, departing for sawed a arabia later today. president trump tweeting getting ready for my big foreign trip, will strongly protecting american interests. that's what i like to do! let's bring in ian bremmer and james jeffrey, former ambassador to iraq. it's interesting that they're going into this, preparing this big arms deal with saudi arabia. the deal-making diplomacy.

>> literally of all the american allies around the world, they're very happy with the trump administration for very different reasons, right? the case of the saudis, it's because not focused on human rights, focus more on defense, talking about radical islamic terror. in the case of israel, a long personal relationship that exists between trump and his family and mr. netanyahu. this trip is set up to go well except for the ability and propensity of trump to shoot himself in the foot, which he has done both internationally and has shown the capacity to do with all the distractions here in the united states. the headlines will be quite positive. >> ambassador jeffrey, are you as optimistic? >> yes, i am. there's an underlining theme with both of your stories in one word.

ira iran. >> happy to have donald trump, they think he will stand up to iran. they feel iran's aggressiveness in the region. it's not the nuclear deal, which most are pretty much okay with. it's iran's activities in yemen, iraq, lebanon, syria and other places that has unsettled the region and they want him to stand up to it. we'll have to see how the election turns out because that will have an effect on how iran reacts. >> ambassador, can president trump strike a new tone toward the muslim world and pretty much erase all the rhetoric and things that he has said before, or does there have to be some kind of continuity? what do you expect to see?

>> he actually followed that up with actions, stopping arms shipments to the saudis to use in yemen against an iranian surrogate. with trump they assume that what secretary mattis at defense, what secretary tillerson at state and what cia chief pompeo do in the region to work with them is what's going to be important, not necessarily one or another outbursts with trump. they're not interested in what we feel about islam. they're interested in what we do against islamic terror from the sunni side and against iranian expansionism. >> saudi arabia is in a completely different place than it's been in, in years. crude oil has halved, the country has tried to shift its economy away from oil.

how does that change the leverage, going into this relationship and these talks? >> well, it's not like the saudis are pleading poverty. it's the jordanians, for example, the lebanese, the egyptians. they are cutting back. but the deputy crown prince has actually just increased again the amount of money that's being given to a lot of the government officials, precisely because he's making a move to become more popular before he becomes king himself. i don't think it changes the relationship between the saudis and the americans. ambassador jeffrey is absolutely right that these countries are all happier that they'll have a government that will take a tougher line on iran but the anti-islam issue matters. they have a lot of real estate in the u.s., send their sons and

daughters to the united states for college. when some of them get shaken down by homeland security or tsa at the border, they feel less welcomed. god forbid if there's acts of terrorism against american assets while trump is in the region and he responds. that will make it harder, longer term, for these relationships to be sustainable. it's not about islam today but it's likely to become so over the course of a trump administration. >> gentlemen, adding another wrinkle, want to bring in morgan brennan. most lucrative arms deal that could happen in this foreign trip. >> that's right. it's expected to happen as soon as tomorrow morning. agreements worth up wards of $100 billion with a potential to grow to as much $350 billion over the next decade. just to put that in perspective, president obama approved $115 billion in potential sales over his eight years.

they'll be resuscitated in this deal, including with ships to lockheed martin. also expect saudi arabia to announce its intention to buy a missile defense system, shorthand, thaad, that's already being installed in south korea, made by lockheed with a lot of input from raytheon. president trump's son-in-law, jared kushner called the ceo to talk about cutting the cost to that system. to that, lockheed will only state government-to-government decisions and status of any potential discussions can be best addressed by the u.s. government. basically, no comment. other weapons deals expected, more patriot missiles, precision guided munitions, tanks. and according to an industry expert familiar with the discussions, bae systems, which makes those state side. all the companies that stand to gain from this have declined to

comment. but based on a draft ceo form aendwra that is circulating a number of ceos will be there including hewson, kennedy and muilenberg. >> eurasia group, former ambassador to iraq, ambassador jeffrey, what kind of -- what does this do for president trump to come in with this big arms deal? bringing ceos in tow. >> optics are good. other places in the golf, the most we've ever done. and some of these deals are deals that are rolled over by the obama administration.

the saudis do not have anything like the money to sustain something like that. so, therefore, a little bit of this is hype. from the standpoint of the relationship, it's good hype. obama sold them the weapons but he appeared somewhat conflicted over it. trump is embracing this with a big grin on his face and that's what people want to see in the region right now. >> clearly, finding willing buyers, but it raises questions about america first as a policy when it comes to key trading, and like a lot of companies in europe. >> what we heard -- we heard from rex tillerson yesterday

that none of these countries are paying attention to the problems that trump is having. every single foreign minister i've met or spoken with since trump's election, first thing they ask me is what the hell is going on with your president? they're worried he's not going to be able to follow through. some are worried he might not even be there in a couple of years. generally it's about the level of volatility, saying one thing, doi ining another. inconsistency, incoherence between trump's statements and what you see from the secretary of state or defense secretary. remember when trump came out and said the south koreans will have to pay for their missile defense system, thaad and national security adviser mcmaster literally 24 hours later said no, no, no, we're paying for it. that's going to happen in saudi arabia, with israel. and that level of inconsistency, the question of allies of can we count on what the president actually says, can they follow through, it's not just are the saudis capable of paying the

money. is this a policy we can believe in? pretty good headlines over the next 48, 72 hours. >> why these face-to-face meetings are important. ian bremmen, and james jeffrey, former ambassador to iraq. apple pushing into the diabetes arena to use tech to track blood sugar. unlimited cash by central banks bothers me. what's inside your wallet worth? we'll talk about that after the break. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that

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a new note from a key wall street bank makes the argument investors may be pushing tech stocks too high. and some big names in retail showing new signs of life. we're debating that sector as half time reports top of the hour noon oorn time. over to you. >> thanks, melissa. apple's push into tracking diabetes. telling christina farr that tim cook has been testing a vice connected to an apple watch that

tracks blood sugar levels after we brought you reports that apple is working on a holy grail device for diabetes. guys, interesting for sure. and certainly important to the community of people looking to manage their diabetes. but does not strike me as a mass market, everybody's got to go buy an apple watch now situation. >> no. is it expandible to other specific applications? in other words, is it going to be a platform for other health-related apps or functions? i don't know if that will be the big thing. >> what's the alternative? sticking yourself with a needle a few times a day? that's a pretty amazing feat if they can pull that off. i think that's what tim cook said about it before. >> what's interesting is that tim cook has said apple has tried to avoid getting into highly regulated areas. they like the freedom to sell what they want when they want. if they're getting into an area like this, and making medical devices it's a new -- >> whole different ball game. we will watch that. we also want to get to the cme

group, rick santelli with the santelli exchange and the dollar having its worst week in nine months. rick? >> absolutely. that's what this is all about, whether it was our conversation earlier with sean rushton or quoting economists like mandel with regard to past agreements to control fx volatility, think about it this way. for a variety of reasons, inflation in the traditional sense is low. wages and how much they've picked up over the last 10, 15 years, very low. yet the average person in this country, and the average person in europe, with euros in the wallet or average person in this country with dollars in the wallet, if their job gives them a 1%, 2%, 3% raise or takes 1%, 2%, 3% away, they notice. yet all the fluctuations we see in the value of any given piece of currency globally is really getting crazy, almost

commoditized yet no one notices. business would be better off, productivity would be better off, capital investment would be better off if businesses could count on what liabilities lie ahead, what their tax rate is, what their health care costs are. don't we leave out the biggest piece? what's the money worth? you know, if you're a japanese car maker shipping cars to the u.s., if you're a u.s. manufacturer, shipping products to europe, if you're inside this country, hoping to see everyday low walmart prices everywhere you shop, the foreign exchange volatility is not your friend. when i talk to many business leaders, when you see them on cnbc, they always say their earnings, in one way or another, are affected by the strong dollar, the weak dollar. in the end it's not necessarily the level of any currency. it's the stability. it's the long-term view of less

fluctuations is better. it's better for trade deals. it's better for global investment. it's better for everybody's purchasing power, to have things that are somewhat predictable. in the end, i don't know what really can be done. let's think about it. turn on your tv to any given news program. look at what you're seeing. do they talk about the things that are most important? money. money's important. it's important to every facet of life. i'll leave you with one final thought. it's also a tool. central bankers use it. and the predicament they're in now at some point. sit down and think about what happened in the early to mid 80s. try to come up with ways countries can moderate into interexchange volatility. sarah, back to you. >> love it, rick. robert mondel, my number one favorite economist. and i have a lot.

rick santelli, thank you. check out the stock that's up almost 16%, over 90% over the past year, autodesk. one of the ceos will join us next on "squawk alley."

a nice first quarter earnings beat for auto desk. holding on to those gain, up 6%, at it vents on the cloud. the company makes software used in manufacture iing to movie making. mainly construction as well. good morning. >> good morning, john. thanks for having me. >> so, how could 86,000 subscriber, results ahead of what the street was looking for. interestingly to me, you seem to be picking up a lot of subscribers in emerging harkt, which i recall a decade ago talking to carl bass, your former ceo saying these are people who aren't pay, but we hope one day, they will become paying customers. >> the subscription model is is essentially changing the game. the whole move to the cloud is changing how we deliver software to our customers. people who used to be user, but not customers, are now

customers. it's just easier to access the software and the model makes it easier to become a actual paying user. >> so, was it just the sticker shock keeping those folks away or eventually t payments going to be a burden? do you have to have a different sofrt model for those emerging markets customers that are representing some expansion for you now? >> you know, the up front change in prices really brings in the user, but you know what keeps them coming is the value we start to deliver. moving to the cloud isn't just about paying for the software. it's about entangling a new way of working with the software. so more and more these customers coming to work with us through the subscription model are going to be working with us through the cloud as well. that's really what's going to keep them coming. this is a revolution not only in the way people buy the software, it's a revolution in how they use it and the value they get

from it. >> and rurk obviously, it's working for you. investors like this whole shift, not just with your company, but with others that are executing the same kind of reorientation toward subscribers, does any customer come to you and say look, this is great for your business. you seem to be getting exhibition. how does a customer feel they're getting full value? are you taking it from another point along the chain where hey thai used to pay? >> we have 233,000 people that bought soft subscriptions from us in q1. people are buy iing the softwar in ever increasing numbers now because the model is more attractive. some customers are looking at the model saying hey, auto desk, doesn't this cost me me more over time and what they're really asking is all right, what's the incremental value you're going to bring to us that encourages us to stay with you. and you know what? that's where we're focused on

the cloud. delivering value into the subscription offering. new types of automation, new types of design tool, process management tools. as customers start to appreciate what we've blended with regards to the power of the clourkd, they're going to see the value there and their investment is is going to return. >> somebody's getting return today. the stock up better than 15%. andr andrew, thanks for joining us. >> we'll be back right after this. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list.

for those who won't rest until the world is healthier, neither will we. optum. how well gets done.

as we finish up the morning's trade, sales force holding on to some gain, but off the highs, up less than a percent. foot locker down some 15. deere as dom mentioned earlier in the show, up better than 7%. got to notice, some other cloud names appear to be getting a bump off of earnings better than sales force itself. workday up 3.5%. twilio and box up.

>> had to shake that preference for tech stocks. >> ooing ik yoif got a combination of better earnings reports and the fact that the special counsel was appoints to calm the turbulence that sent nup the keep hole of a selloff on wednesday. we've recovered a lot of ground. >> guys, have a great weekend. go to headquarter, melissa and the half. t trz. >> welcome to the halftime report. top trade this hour, the rally that just won't quit. with us on the desk today -- josh brown, josh brown need as watch. we'll be along shortly. >> an apple watch. >> the markets wilding on gains following a volatile week that saw stocks suffer their biggest drop of the year. industrials leading the pack because investors shift their focus to