the street." financials by a wide margin, sync ronny financial that does it for this hour of "squawk on the street. back downtown for new york stock exchange and start of "squawk alley." >> thank you twitter headquarters in san francisco, 11:00 a.m. on wall street and "squawk alley" is live .

>> i'm carl quintanilla. first up, the new push for tax reform details public for gop framework. among the highlights reducing seven brackets down to three, doubling standard deduction, cutting corporate tax rate we have team coverage from nation's capital y lan, we'll start with you. >> here it is, corporate rate down 20%, businesses 25% rate. the plan also allows for at least five years of full and immediate expensing. one of the tradeoffs, the ability to deduct interest will be partially limited there's no more detail what that means. the plan has two businesses, r&d tax credit and low income housing credit reduction for domestic

production important for manufacturers and get the axe. under this framework u.s. would move to territorial tax system two rates for money that's brought back the plan doesn't specify what those rates will be. the one for illiquid assets for cash on the individual side streamline would be 12, 25 and 35%. lawmakers do have a green light to add a fourth rate at the top. the alternative minimum tax, estate tax, all do away under the plan the only personal deductions it promises to keep are mortgage interest and charitable donations. we're already starting to see some response to the framework from business groups u.s. chamber of commerce says it is pleased to see consensus and failure is not an option guys, there is a lot more detail in the plan we've seen so far. it really is just the start of negotiations back to you. >> good point ylan we'll get larry kudlow's

reaction in a mom. let's get amman jabbers. >> i just came out of a meeting with officials i can tell you intensity is pretty high. president is traveling later this afternoon to go to indiana where he's going to roll out these details. in the meeting i was in both senior administration officials at points were pulled out of the meeting to go talk to the president. a lot going on behind the scenes at the white house they gave us their thinking laying this out. i want to highlight a couple of pieces particularly on this issue whether it's going to be a tax cut for the rich or not. here is what one senior administration official told us, a small group of us, just a minute ago when you see a distribution table and upper income earners not getting a tax cut and potentially getting a tax increase, no one should be surprised. their point is some people in the high end will pay more under this plan. there's also the possibility talking three new tax brackets there's the possibility leaving open for a fourth tax bracket

senior administration officials say might be somewhere around 37 or 38% but below the current 39.6% individual rate. they say that would affect what they are saying is a very tiny percent of the population. what people would call the 1%. we can expect more detail about the 1% tax bracket also on the president's red lines, senior administration officials saying, i think the president has made it very clear this 20% as a corporate rate is a red line for him i think the president made it clear there has to be middle income tax cut those are really the president's two big red lines here also on this issue of the corporate rate at 20%. there had been some reporting the president was really disappointed with that, wanted to get it down to 15%. the way the two senior administration officials put it to me just now is the president is perfectly fine landing there. another official saying his job is to push us as hard as he can and deliver to the american

people the best tax plan he can. it does sound behind the scenes the president is pushing very hard to get to that 15% number ultimately though, carl, they were unable to make the numbers work to get there. they are sticking on 20% for the corporate rate and hoping to make it stick through the negotiation. it is open ended when it goes to capitol hill, carl. >> the red line point you made is interesting eamon are you hearing anything about the red lines from republican party, from congress about how big this might blow a hole in the deficit, for instance, or state and local tax deduction, which is not laid out in the nine-page principles. >> couple of interesting points. one is that's going to be the crux of the debate, how many debt increase are they willing to tolerate on capitol hill. when you ask them they say it will increase growth up to 3% or higher and will take care of itself in the long run oppose capitol hill they might

view it differently. that's an important question going into this debate ultimately. >> a really good call, e-mailan. we appreciate it very much eamon javers at the white house. we're joined by senior contributor larry kudlow and economics reporter steve liesman back at hq first of all, your reaction, looks pretty familiar to you, doesn't it >> it does, if i do say so somebody on the big conference call yesterday asked the trump person how does the plan today differ from the campaign plan. >> which you helped write. >> with my buddy steve moore and mnuchin. the answer was, not much so you know, we kind of laid it out, could have put it up in january. maybe it was all had to be what it had to be i want to say a couple of things i don't think -- i haven't spoken with the president but i don't think he's happy with this plan

one is the 15% corporate tax rate no reason with appropriate scoring to allow for growth, dynamic scoring, to go to 15, okay, no reason. trump has campaigned for that. he's the only guy left in washington, d.c., who wants 15% expect when i go to d.c. and steve moore comes in from virginia and that's it i think that's wrong i really do. that boosts the passthrough rate it could have been -- it's got to be higher you could have 15% c corp. but 20% passthrough rate that is an issue i'm not sure where the president stands regarding the curbing of net interest expense for corporation. that was a big hot spot. we went through this last summer and fall the deduction for state and local is, let's see, how shall i say, a back breaker. i was going to use another term.

ending the deduction for state and local, which by the way affects upper income people. but nonetheless in certain key starts, new york being one of them, eight or nine republican congressmen left, this will jeopardize them. that is a very big issue. >> when you say back breaker, do you mean deal breaker or what does that mean >> it means the policy is quite good, in my opinion. the politics, on the other hand, are very bad. >> steve liesman, when i look at this plan and it's being cast as being particularly middle class friendly, i'm skeptical. certainly there are certain things in there that are friendly to the middle class we talked about doubling of the standard deduction and some of the adjustments on the tax brackets, but estate tax, home buyer interest deductibility, it's friendly for upper middle class more than middle class how does it look to you. >> early days yet to figure all this out we don't have the brackets it looks to me like i need to

look at larry kudlow's face. i need to look at him. if larry kudlow is a little bit more upset, then maybe it's a little worse for the wealthy i'm not sure where larry stands on the notion which is in the plan it should not provide a tax cut for the wealthy. i don't know if that applies, by the way, to the notion of the deduction. >> it's not the wealthy. it's not the wealthy, steve. >> okay. >> my entire focus, and this goes back to late 2015, was growth growth, growth, growth okay in particular, as the president then candidate instructed us, it had to be a strong middle class tax cut, which it is the doubling of the standard deduction is very important. here is the key -- >> the campaign stuff, larry, had a lot of goodies for the

wealthy. it was scored highly in terms of provisions we provide to the wealthy. >> we always had -- there was always the issue of state and local deduction. that will hurt the welly, by the way. and other deductions they may have income limits and brackets on that we don't know. the two things here, steve, again. doubling the standard deduction is huge. that means basically -- >> child tax credit. >> 85% plus will not pay any deduction, none of that. the second point is that lower the business tax rate, okay, whether it's a large company or small company, benefits working folks, wage earners and the middle class the most. that was the key to the whole argument. >> that's a suspect argument. >> i have made for 15 months. >> larry, that's a suspect argument. >> there's a lot of data you may not buy it but there's

all kinds of stuff out there. >> there's a single research paper that suggests workers pay 70% of the corporate tax before that the joint tax committee and a lot of other folks argued it was mostly paid by shareholders in addition to hiring there's a question whether or not -- >> doesn't mean it's right there's no dynamics -- >> there's been some movement to suggest that, indeed, workers do bear some share of it. but ultimately the bulk of it is probably born by shareholders. >> i do not believe that for a moment i think the range right now, if you look at the latest paper, she was kevin haas's side kick, now chairman of cea. ten years ago they first did their paper and said biggest beneficiaries go to the middle class. that was very controversial in the economic profession. i get that i get that however, the last 10 years peer

reviewed paper have shown the range is probably benefiting the middle income by 45% to 75%. the cbo actually now has that in their own documentation. so we can argue, but i'm just going to say this was my intent. this was steve moore's intent, mr. mnuchin's intent and also the president's intent >> i have one issue, which is the politics, larry. if you look at, for example, the corporate profit margin today. companies are doing quite well shareholders are doing quite well the argument -- i get the argument for simplified corporate tax, the agent for a competitive tax. if you look at the corporate profit margin, these are practically historic times. >> yes. >> how do you come forward and say, you know what, what we really need in this country is lower tax rate for companies given that companies are doing so well. >> so you've got three issues running here we considered this they are not reinvesting those

profits into long-term investments. the prior administration -- going to be very blunt the prior administration was waging war on business they did not want to invest 10, 12-year project. this was a huge thing. you go to any business roundtable, any business council meeting, you go to the small businesses, fnib, they are saying the biggest barrier >> larry, this administration with war on business, shouldn't they want all the time, look at the profit levels, come on >> when it comes to making a long-term investment, the profit margins don't necessarily jibe -- >> neither do the tax rates, larry. >> the -- >> that's incidental can i make one more point, larry. >> incentives matter, steve. i'm going to argue this. >> i agree i've learned that from you. >> incentive oriented.

saying repatriation. the repatriation is huge. >> -- without quoting "wall street journal" dada, op-ed, from chair and ceo of metlife. i want to bring this up. what he said if everyone views as sacred will be impossible broader factories -- broader goal of lower tax rates -- enlightened self- -- what this is about, the battle coming. every self-interest, every lobby group against the idea of tax reform. >> i love the idea of enlightened self-interest going way back to when i first met adam smith i think he had it right then. >> wasn't there a show, kudlow

and smith? >> this is wonderful but these guys, look, i give up -- give up the loophole you ask me, goi for 20% flat tax rate for all individuals, no preferences. i would abolish the corporate tax, no preferences. unfortunately i can't wave a magic wand butness same ceos are very much in favor of the trump business tax plan and maybe more to the point, the smaller companies, 500 and less, lack of new business startups. you've got to have a lower rate. that's the incentive they will put money to work if they see the law you've got to have expensing 100% expensing, that's huge, for five years finally the repatriation we're going to move to territorial system, which is very beneficial to the american economy. this was the heart of the trump plan that we wrote it was always the heart of it. we added on a doubling of the

standard deduction, which is a direct hit in favor of middle class people what i don't like, and i think the president doesn't like this either, this is a flaw, this fourth rate stuff. >> murky right now. >> you don't get -- i don't get it. >> larry, the operative phrase should be don't make the perfect the enemy of the good. if you can get 20, i would kick that and run that's a pretty good rate, 20. >> cutting the individual rate. >> know when to hold them, know when to fold them. look, 25 is a more realistic political figure i think. >> talking about the higher mysterious fourth rate. >> you're talking about the corporate. i'm going back to the individual mr. trump's argument -- hold on a sec. his argument day one was simplicity f you're going from seven brackets to three. but new you're going from seven

brackets to four and you're going to have complications with some of these deductions, all of a sudden it's not simple it's very complex. >> very quick, yes or no question if you live in new jersey, new york or california and you're paying the upper rate, which will now be lowered, do you get a tax cut or not >> you lose a deduction. >> right. >> you'll get your tax cut. >> overall, are you paying higher because you lose the deduction? >> i don't know the numbers on that for upper income people, they may wind up paying more in revenues even though there's a slightly lower rate. >> the question is whether or not your federal income tax is equal to the deduction you would get in that top tax rate if you made a million -- we've got to break, i'm not going to do the math on tv. equalizing tax rate. plus the other things you get in

there. >> i don't care about the top tax rate i can just tell you this i don't care this is a media obsession. i don't care i want businesses to come alive. >> got it. >> that was the whole point. i think if you give this to trump at 15% don't count him out. if he's not happy with this, he just might tell you. he's not bashful. >> we'll find out around 3:00. >> and the scoring will show that 15% will pay for itself quickly, steve liesman >> we'll talk about that another time. >> noted noted. larry, steve, thank you guys good to see you both when we come back the president takes aim at facebook as the social network pledges millions to support federal education programs twitter doubles down on character count. details on that. then later risks to the rally as the dow eyes five straight down sessions, although right now up 15 back in a minute

tech continues to feel pressure over size, lack of oversight and ad policies among other issues this morning president tweets, facebook was always anti-trump, networks anti-trump. hence, fake news "new york times" apologized and "washington post" were anti-trump collusion. ft reports days away from handing lawmakers 3,000 russian bought ads leegd up to the election joining us to talk about that

zillows ceo. >> thanks for having me. >> how do you see facebook's playbook taking shape in the comes months. >> people that run comes, public or private, especially private, they do have a responsibility beyond shareholders to create long-term value. that expands actually to the citizenry and government so for example in our case, we work really hard to give data to president, it treasury, to give them information about real estate usually that's good for business in the case of facebook, they should want to be working with the government, because they don't want their platform to be hijacked to pervert our electoral process any more than the government wants them to i suspect they will be working with the government, seems like they are, as they should be, that's their responsibility. >> spencer, tomorrow the president tweets zillow was always anti-trump. i wouldn't count out that possibility. >> please don't put that idea in

anyone's head. >> does that affect your business how has silicon valley's response changed since november or january >> look, every company from nordstrom to facebook has sort of war gamed what happens if we end up in a politician's cross-hairs. there's really no upside to it certainly in our case we're apolitical, we just want people to have access to information about real estate and then they do make smart decisions about real estate. whether those people are the 100 million who use our website or the government who we provide real estate data to, we're nonpartisan. we just put the information out there. >> what if i don't want you to put my information about there about whether i buy a home or real estate choices. there is a privacy aspect to it and it's a pretty fine line, isn't it >> it is a fine line certainly in our case we think

the public is served by having this information available the country, society and u.s. thinks that. that's why most of this data is available in county records. it's been typically difficult to access we've made it more readily accessible having access to real estate information helps provide for more fair and complete marketplace like having access to stock information on cnbc provides more accurate marketplace. we think the good outweighs the bad. >> spencer, we talk about silicon valley being in reputational crisis. i wonder if you're seeing it from the ceos seat are you getting e-mails, any kind of social media feedback that suggests a tide changed in general or are we seeing people question aspects of social media and how it works rather than tech at large? >> the important thing to remember, companies have diverse workforce politically. that represents a huge diversity of political views

people that run companies, tech or otherwise, have to be sensitive to their whole employee base and also their users. these people that use all these services come from alternate walks of life and have all different political views. it's a very difficult time to be running a public company obviously. the line between politics and business have become blurred look how much time we spend on cnbc talking about political issues it wasn't always that way. times have changed. >> spencer, there's been a lot of talk this week about the housing market in this country whether or not it's unhealthy, a mismatch between buyers and sellers. you have a new report on housing market and millennials. >> there's definitely a mismatch between inventory and buyers there are 13 protestors fewe homes for sale today than a year ago. that means it's a sellers market home values are appreciating quickly, up 7% year over year. millennials surprisingly represent biggest cohort of buyers

millennials spent $500 billion buying real estate last 12 months that's the biggest of any generation millennials are forced to get creative because there's not that much inventory at their price points what does that mean? it means a third are borrowing their down appointment from friends or family. it means 0% of millennials buyers are looking at rent always dual tracking, buy and rent at the same time. it means a third are going over their budget when looking for a home that's another form of getting creative the lack of supply means millennials, in particular, have to try all sorts of things to try to stand out for limited inventory. >> that's a really good few data points on we'll monitor as we keep track of the housing market suspense,er thank you so much. see you next time. >> thank you. >> spencer rascoff with zillow. >> why tech giants might try to get back on washington, d.c.,'s good side with a new educational

partnership. are they risking their own employees. companies twitter may test 140 character limits of tweets if you're on twitter you see the ti to that they are allowing a small group of users to demo now. "squawk alley" back after this .

welcome back markets closing in uk and across europe stocks riseing to ten-week highs led by financials. the stock 600 bank index rallying on comments, fueling expectations of a rate hike. the story there is higher yields across the globe especially in the u.s. that boosts the banks the euro is falling again. it's now at a more than one-month low against the dollar the dollar getting a boost on

yellen's remarks siemens agreeing to merge their rail operations. that joint venture seeks to fend off competition from a chinese rival looking to make inroads in europe both stocks gained on the news finnish utility fortum it, uniper and eon as hostile. we'll watch that in europe right now, weaker euro, which is helpful. >> we'll see if it does. let's get to sue herera. >> good morning, everyone. here is what's happening this hour quebec's premier calling 220 pars tariff imposed by u.s. on bombardier planes.

claims they used subsidies boeing's stock has been moving higher on the news u.s. national guardsmen and military personnel assisting with relief efforts in puerto rico members of puerto rico national guard assisting police with security at gas stations on the island because of severe gas shortages. heavy winds fuel the fire in california the canyon fire, as it's called, has already scorched 2,000 acres an forced evacuation of 1500 residents. it's only about 5% contained a new poll from the university of michigan reveals about a third of older adults take some sort of sleep aid at bedtime despite health warnings 8% over 65 take prescription sleep medications as well. experts say some of those drugs, however, can increase the risk of falls, confusion, and digestion issues that's the news update this hour back downtown to "squawk alley." carl, i think just having three

children and in your case two children, you sleep very well at night. there's no sleep aid needed at all. >> for the at all, sue still to come, why big tech may be trying to curry favor with the white house as companies like facebook, google and others face growing political pressure we'll go live to the white house in a minute.

it's not just tax reform rolled out at the white house, the country's largest

technology, amazon, google, microsoft, sales force and others pledgeing a total of $300 million for computer science education. it's all part of a partnership with the trump administration. it comes at a tricky time for big tech joining us now, the office of american innovation, assistant to the president, good morning, reed. >> good morning. thank you for having me. >> you have heavyweights signed on to this $300 million pledge how does this private partnership work with the government explain it >> this is the latest step in the administration's workforce initiative to make sure our american citizens are being trained with the skills they need to compete for today's jobs and nor the jobs of tomorrow and we started on monday with presidential memorandum directing did the department of education and secretary to dedicate at least $200 million per year towards high-quality

s.t.e.m. and computer science education. that led to tuesday's event with ivanka trump and the companies you just mentioned where the private sector has stepped up and pledged at least $300 million to be spent over a five-year period to also help amplify the efforts, to make sure students are receiving critical skills necessary to compete in today's economy. >> so when will we actually start to see some results of this i know you and the administration have talked a lot about the skills gap in this economy. how do you measure that? >> so there are $6 million unfilled jobs today. that's the largest amount in u.s. history it is one of the fundamental problems that our corporations face, that is finding the citizens that have the skills that match today's needs you're going to see results of this almost immediately. there will be guidelines issued

from the department of education to the school districts alerting them of this priority, of this focus. when they -- when the school districts commit for grant funding, they will have that firmly in mind i want to note this is a critical way of making sure our most underserved, the rural community of minority students are also a part of this new economy and technology they are receiving necessary skills they are not left behind in this new technology so i think it's a great initiative with the president and i support the private sector and applaud them for stepping up as well. >> if i'm a student interested in technology but doesn't have the resources, the classes around me to learn that i want to learn, how is this going to help me in the next year or two? >> the money will now be there the money will be there to train teachers so they have the skills necessary to give you that

education. the money will be there to institute programs, advanced placement tests, after school programs, so that you have a complete both s.t.e.m. and computer science education every school district in america will now have the opportunity to put in place high-quality s.t.e.m. and computer science education and that's further helped and amplified by this private sector commitment as well. >> it's an interesting time to partner with silicon valley. as you know, some of these companies have been very critical of the president's policies on immigration, on climate, on his response to charlottesville, and the president has fired shots on twitter today against facebook before at amazon and jeff bezos. does that make the effort harder for you? >> it certainly shows you the importance of what we're doing look, the technology companies are under no obligation to agree with every policy of the administration, and we're under no obligation to follow their

advice, but we do listen to each other and they do have a voice i'll give some examples. h1b immigration visas were extremely important. we sat with them, listened to them the result was the president issuing an executive order to strengthen h-1b immigration process which both helps american technology companies and also helps the american worker there will be instances we don't agree. this shows critical nature of the initiative and shows we can get things done together when we're in agreement >> so you're saying they are still working with you despite some of the disagreements and public protests we've seen from ceos and some members of the technology community. >> there's no question that we work together on a a variety of different topics we're not always going to agree. we'll continue to listen to them they will continue to have a voice in this administration we're going to do very important things together and this the latest of that.

>> finally, reed, tax reform is the other topic du jour. i know you're talking about workplace initiatives. this is all about jobs and poosting tpoos boosting the prospects for american workers what are your assumptions based on what they know so far on what the administration is proposing on tax reform and how it will relate to our labor market. >> you're entirely correct these two things are intrinsically linked the tax cut, tax reform plan of the president is all about helping american business and helping american middle class. that's what he's going to outline in great detail today in his address on this topic. we're going to make sure at the same time the american workers are trained for these jobs that will be created through policies like the tax cut policies of the administration. >> reed, before we let you go. bob corker, who, of course, is not running for re-election was asked about tax reform this morning. he said it's going to make health care look like a piece of

cake says it will take real intestinal fortitude you take any issue with that >> nothing worth doing is easy of course this is going to be difficult. however, the administration is working in close partnership with congressional leadership really dating back to right after transition i am confident because of that partnership that we're going to get there and we're going to get there this year. so no, it's not easy but we are going to get there. >> reed, thank you for joining us from the white house lawn, from the office of american innovation talking about workforce initiatives, which, i think, john have gotten lost in the shuffle this week. >> a lost has gotten lost in the shuffle. >> nfl, tax reform. >> dow bounce back hoping to snap four-gain losing streak which stocks should go on your shopping list in case of big

market pullback. back at headquarters with a look at noteworthy names for your attention. dom. >> we'll follow technology theme. talking about big tech stocks that have done so well since last market pullback remember february 11, 2016 many s&p stocks have been technology oriented and a few behind me here top performers autodesk 158%, applied materials 200% gains there. micron, 279% chip stocks, amd, n nvidia, 577, 585% returns since that bottom on february 11 technology argually the most important sector out there in terms of the overall market. certainly names to watch if there's a pullback if there's a pullback could be biggest losers on the downside may be worth picking up. one thing to watch is high-quality stocks. these are stocks with better

profit margin trends also what's happening with return on equity also better fundamentals overall. low leverage, that sort of thing. apple and microsoft are two of the technology stocks that often come up as two of the most heavily weighted stocks in these quality factor driven ets like qeal some of those names are ones to look out for in case they fall back as well they tend to outperform at times when the entire market is down back to you guys. >> thank you, dom. new updates from ncaa's massive rivalry crackdown. back at hq with that. >> that's right. louisville rick pitino is out. the athletic director is also out. the school is going to have a press conference coming up at 1:00 eastern time. that's the latest after adidas already said they put this employee who got arrested, he's been suspended heads are starting to roll one

by one after fbi's announcement that the bribery scandal caused ten arrests. back to you. >> huge news when we come back one day away from the premier of "will & grace" reboot. how different do things look 11 years later. a sneak peek from binge episode when "squawk alley" comes right back zed horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. can we at least analyze can we push the offer online? legacy technology can handcuff any company. but "yes" is here. the new app will go live monday? yeah. with hewlett-packard enterprise, we're transforming the way we work.

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>> all right "will & grace" as you know returns to nbc after being off the air 11 years the reboot tomorrow night. we sat down with the creators. we talked about playing with network rules in the era of digital freedom from sensors take a listen. >> you and i need to have a very serious talk. >> so i shouldn't do this. honk. >> would it be easier now to push the edge, push the envelope

in ways -- you wrestled with this all through your seasons, how much can we push here? have the lines moved to where you could write what you couldn't write before? >> yes, they have. you can deal with things and subject matter that maybe would have been a little more tabu in some ways -- in some ways things have actually gotten a little more oddly restricted in terms of politically correct language or this kind of thing but really i think one of the things about sitcoms is finding ways of saying it without saying it, letting the audience figure out what it is two plus two equals, that's our job. >> that's jack and karen's bread and butter. >> are you karen >> yes, honey. >> well, peter, paul, and mary, you are fabulous. >> i love we have to play by the rules, the same rules we had to play by. that's the language we honed and

worked on and made our craft through the first eight seasons of the show. i wouldn't want to be able to be able to use explicit language or to take it to a place that the show not be the show should be an american piece of entertainment that is available to whoever is able to turn on the television and get the nbc network. >> you make it sound like broadcast is like democratic somehow. >> it's american. >> interesting counter narrative, right in an era which shows seemingly bask in the freedom of having as much violence as they want or sex as they want on streaming. >> i think about comedy on tv, i think about master of none, which has an amazing latest season i don't remember any explicit language, i don't remember anything particularly shocking where it had to be on netflix

for example or on cable. as they are saying, what's old is new again, but they're still funny. >> maybe they're setting the show up to be more provocative you know the politics of the day and the issued discussed, i guess like they were what, ten years ago on the lgbt issues >> they'll be living obviously in present day and straight ahead, how the creators of "like to know it" are monetizing social media.

instagram hitting 800 million users this week, the ever growing platform for providing ripe modernization opportunities for inflew wednesday ensers and retailers. like to know it has teamed up with influencers and retailers to target instagram's social media. given the fact that there's this crackdown on influencers, perhaps making a buck without telling the audiences about it does that set the stage for what you're trying to do? >> first of all, thank you guys for having me back, this has

been a really big week for us, we have hit a lot of major milestones, just this week, actually, there was a report saying that rewards style are send -- when you look at amazon shop up, revolve, sephora, they also revealed that rewards style logged four out of five clicks to nordstrom.com we knew we were impacting retailers. >> who in this chain is getting paid >> absolutely. no rewards style was really created to solve my problem as an influencer, i was driving sales through my brand and my blog and offline, so i wanted to be compensated for the sales i

was driving, so we created a global market place for influencers and brands the way that that works is it's a quad win scenario, so the customer now, they no longer have to pay for the content they're getting, they're getting great and credible contempt that's really serving their needs, influencers are willing to pay for the sales they're influencing to these brands. so we are the marketplace that brings all of that together. >> and it's obvious that it's a relationship between the influencer and the brand, which is important these days, i take it, quickly? >> you know, it is absolutely, but what's -- what i think you really have to understand and what i think the cnbc audience really needs to know there is four key trends that have gotten us into this new age. >> unfortunately -- unfortunately, amber, we don't

have time to get through all four of those key trends this week, got to cut you off, we're out of time, amber, thksan. >> we're going to take a break, squawk alley is back right after this t-mobile's unlimited now includes netflix on us. that's right, netflix on us. get four unlimited lines for just forty bucks each. taxes and fees included. and now, netflix included. so go ahead, binge on us. another reason why t-mobile is america's best unlimited network. parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a

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market lost some of its gains from the open, but hanging on above the flat line, we'll see what the president says when he speaks on tax reform later on today. let's get back to the judge at headquarters on the half >> and welcome to the halftime report, our halftime trades, target taxes and what it means for your money also with us from new york today is rebecca patterson we begin with stocks moving right along with tax rates and perhaps not surprisingly, it is the banks that are rallying today. >> it's nice