deal blocked president trump halting broadcom's takeover of qualcomm. it would have been the biggest technology deal ever. more than 1,000 flights canceled up and down the east coast. another nor'easter plowing through the region can you name today's mystery chart. this stock went public 32 years ago today. 21 bucks a share today near 100 by the way, it split a lot along those ways do you think you know it the answer coming up it is tuesday, march 13, 2018. "worldwide exchange" begins

right now. ♪ good morning thanks for being with us i'm brian sullivan here are the top five things you need to know right now president trump blocking broad comecombroo take over qualcomm he is citing security concerns. the nasdaq at all-time highs. apple at a new record closing in on that $1 trillion market cap level. the president will meet with saudi crown prince during his visit to america next week that meeting scheduled for next tuesday. voters in pennsylvania's 18th congressional district will head to the polls today to vote in a special election. the latest polling has the democratic candidate leading in a district that president trump took by a landslide two years

ago. more than 1,000 flights up and down the east coast have been canceled. another winter storm is bearing down on us that's the third nor'easter to think the the region this month. we'll have much more on all of these stories coming up. first let's check the markets and your money stock futures looking slightly positive nothing to write home about, however more green on the screen nonetheless. if you didn't know this, small apparently is the new big. the two major small cap indexes up nearly 6% just this month now let's get to your top story. citing national security concerns, president trump blocking singapore-based broadcom's 1$117 billion takeove offer for qualcomm remember, though, just last year president trump praised broadcom's decision to redomicile its headquarters back in the united states >> we're thrilled to welcome broadcom limited and it's ceo to

the white house to announce that broadcom limited is moving its headquarters from singapore back to the united states so i want to thank you very much >> thank you >> really something great. appreciate it. broadcom limited is a 100 -- fortune 100 companies. one of the great, great companies. >> broadcom has yet to make that headquarters move official back to the states. by the way, as you might imagine, shares of qualcomm are lower on the news. joining us is ross massoudi. do you believe this is a employ to assimilate that domicile or do you think there's a national security concern that we may not be aware of. >> let's be clear, this deal is dead dead and gone. the largest tech deal ever as proposed by broadcom is no

longer viable. the president has taken unprecedented action and blocked a deal that's not even been agreed to. there were companies in the past that were subject to a hostile bid and asked committees to look into national security concerns, but never has the president ever in the history of deal making taken action to kill a deal before it's been agreed. this is not a ploy about redomici redomicileiation, this is basically dead >> why do you your sources believe so firmly the deal might be over. there is a school of thought that once broadcom comes back to the united states, assuming they do now, that once they are headquartered here, that those security concerns maybe not go away but they lessen enough that they can rebid for qualcomm.

>> the interesting part of that that we saw, in the letter we saw -- very rare insights into the thinking, we saw a letter published to both companies. in it they didn't take offense as much to the fact that broadcom was a singapore-based company, even though for all intents and purposes it moved to singapore to get away from the u.s. tax domicile, they took offense to the business model which was targeted as private eggi it equity in nature so fundamentally the concern of sifiious and the u.s. government is if the broadcom acquires qualcomm, they will cut r & d spending and then go after the next generation of technology, which they then concluded would

mean other companies would get a leg up on the u.s. >> you're referencing -- >> sifiious is the foreign committee in the u.s., a department under treasury. are we to assume that concern is that broadcom's financial backers, some of its sponsors may not necessarily be singaporean, that there is a concern some of this money is coming from parts of the world where we have less control or political influence? if they succeeded with a deal, they would basically seek to pay back the debt, doing a leverage takeover and seek to pay back the debt and cut short-term profits by cutting long investment in the technology all the blue investment banks have lined up finances, silver

lake, kkr and others are in there with the financing this is an all-american deal except the holding company is singapore based because they did a two inversion two years ago. so in a sense, it's a bit of karma boiting broadcom, which took a move to get tax benefits, now those actions have come back to bite them badly >> intel shares are higher is anyone suggesting that intel may make a bid for qualcomm or a bid for broadcom >> at this point, we're in such a realm of extraordinary developments that would make peoples heads blow off i don't think that will happen i think everyone will take a deep breath, qualcomm announced late last night following the president's orders that its shareholder meeting will be on

march 23rd within the ten-day sort of span of the president calling for. qualcomm will ram through its renomination of its directors. therefore its board will not be overthrown addres broadcom was seeking to do. everybody will have a breather yesterday before all these developments, broadcom came out and said they will speed up plans to move back, which they were aiming for may 6th to april 3rd. then we had this plot twist at the end of last night which ended the whole debate i think what happens next is everyone takes a deep breath and we see where we are in a month or so. >> it's like the bachelor semiconductor ver eor version let's look at the markets. stock futures mildly higher. the benchmark ten-year bond as we said yesterday may be the market story of the year

holding steady around 2.8, 2.9 level. let's get some color and context on your money news joining us now is lori mcdonell at acg analytics, editor to the bear traps report. larry, appreciate you joining us we have to ask you about this broadcom/qualcomm news i know you're not a semiconductor analyst, we're seeing this move and talking about tariffs. do you feel like this is an administration that came in as being seen as pro business which is now establishing itself to be a bit protectionist? >> president trump is playing to his base once again. if a company has moved overseas, as you eluded to a couple years ago, this is coming back to bite them at the end of the day, if mergers and acquisitions are not job creative, if they're job

destructive, big lbos, for example, for the next 20, 30 years, they tend to be job destructive and the white house is playing to their base protecting u.s. jobs, maybe going further than any white house has gone >> yeah. we've never seen a deal of this size be blocked by the white house before are you surprised that the stock market continues to literally just brush off all this news and continue to rise >> yeah. the markets -- this is one of the great bull markets of all time it's a ferocious beast the outperformance of technology versus transportation index and other kind of value related indexes is almost unprecedented. >> just keeps going. here's the thing, is there a reason behind it is it just core fundamental earnings in is it that global economies are reflating?

is it a powell put at the fed? why does this market continue to amaze? >> the market has been -- it has double barrel accommodation. it's got multiple years of fed policy that have suppressed rates and that have forced capital into places that it shouldn't be and now you have fiscal policy that is generating 3 billion, $4 billion of fiscal stimulus this year we're at a point where those two mechanisms have not upset the fed yet, but when the fed pulls back accommodation, we'll drop 20%, 30%, probably in the next 12 months to 6 months. >> how do we make money in this market >> well, right now short-term home builders have been crushed by the fed's move towards rate

hikes. the capitulation score we've been getting has been very solid. bonds -- here's the big thing, this is extremely important. there's been a 75 basis points move up in short-term interest rates, libor libor feeds into credit cards, home equity loans, mortgages, and all kinds of different financing vehicles across america. that is going to ooze into the u.s. economic data in the next one month to three months. that's going to put a bid on bonds as the data comes back to normal or at least comes back towards the mean >> i know it's early, i think so far you've coined it ooze, the word of the day. larry mcdonell, thank you very much >> thank you. on the stock side, pay attention to these stories china's hna group is in some to

sell all or some of its stake in hilton grand vacations the "wall street journal" reports hna would sell shares in the open market instead of finding a direct buyer that stake said to be worth more than 1 billion. u.s. steel raising its full-year earnings forecast. the company expects to benefit from president trump's tariffs on foreign steel and aluminum. last week u.s. steel said it would restart a factory in illinois and stitch pickfix's latest earnings and revenues beating forecasts. shares of the clothing recommendation site are lower this morning that stock is up more than 50% from its ipo back in november. everybody in florida no doubt is laughing at all of us in the northeast because yet another winter storm about to hit. if you are counting at home, this is the third nor'easter this month landon dowdy joining us with more on the impact >> hi, brian

the storm is expected to bring coastal flooding and strong winds and could reach bomb cyclone status nearly 44 million people are under winter weather advisory in long island, connecticut, massachusetts, vermont, new hampshire and maine with boston expected to take the brunt of the storm. flight aware reports 1600 flyings have already been canceled today with more than 18 00 delays almost all flights in and out of the boston area are canceled american airlines scrapping its entire boston schedule today and warning of the potential for other flight cancellations around the northeast american, delta, southwest and jetblue are waiving ticket change fees. if you are traveling by train, amtrak suspended its northeast corridor service between boston and new york until 11:00 a.m. today. not time to put the snow boots away just yet. >> it is a 200-year-old technology, they'll figure out

the train situation and the weather soon pour another cup of coffee up next, we have a high-stakes sitdown. president trump meeting with the saudi crown prince next week what to watch ahead of that important visit. guess what it's mystery chart time. we know you love mysteries look at this chart can you name this company? it went public 32 years ago. here's another hint. it waited 11 years from its founding date to ipo tweet me your guess. the answerat on lerin the show. you're watching "worldwide exchange." we're the number one dairy and apple producers in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov

. welcome back the white house announcing that president trump will meet with saudi crown prince mohammad bin salman when he's in america next week let's bring in hadley gamble, she is dialed in to the world family great to see you >> amazing to see you. >> mbs, as he is known, has been to the states before, but never the heir to the throne what does this trip mean for the kingdom and for the united states >> so this trip is not just about saudi aramco or this listing, this is a trip where he is planning to woo congressional leaders and meeting with big business in new york he'll be in washington meeting with the trump administration but also going to the west coast. he's going to silicon valley he'll be meeting everyone. so the question going forward

will what can he get out of this trip, one thing he wants to get is the agreement to process nuclear fuel, to bypass the 1, 2, 3 agreement and if the saudis wanted that technology they could go to pakistan and russia, but it's significant they want to come to america and do it the right way. >> is this likely to happen? >> this is the question, we saw some push back from the israelis where benjamin netanyahu is speaking out saying this is potentially dangerous and making the region more unstable i think it's a good barometer of that saudi/u.s. relationship if we see president trump saying basically i gave you guys jerusalem, yil lou'll let me ma the saudis nuclear >> is the country with the largest oil reserves seeking technology important >> this is part of vision 2030 this is 16 facilities for

nuclear energy processing their own nuclear fuel makes it more questionable to the american audience and congressional leaders. it will be interesting going forward as we continue to see more deals and big infrastructure projects as well in tune with the saudi economy, this is something about continuing a relationship. this is something about getting the americans in bed with saudi arabia for the long haul >> prince bin salman is 32 >> so they say >> it's likely he'll be the saudi leaders for decades to come what do we know about this man? >> depends on who you talk to. there's been a lot in the press about what we now learned coming out of that "new york times" article that potentially people at the ritz carlton really suffered there there was a lot of speculation he plays very well at home what we do know about saudi arabia is most people in saudi arabia are under the age of 30 they look at places like dubai, that shining city on a hill, and for decades billions of dollars in oil wealth, why are we living

the way we are when we could be living like they do at the uae i think mohammad bin salman speaks to them >> hadley gamble, perfect time to have you in the states. take care. still to come, showdown in the keystone state pennsylvania holding a special congressional election today there is a lot at stake. we have a live report from the region straight ahead. and a fish story that you have to see to believe one woman's fishing trip goes viral. probably the most incredible thing you will see all day today. you're watching "worldwide exchange." we're back after this. let's talk about this when we meet next week. how did edward jones come to manage a trillion dollars in assets under care? jay. sarah. so i have a few thoughts on that early retirement...

by focusing our mind on whatever's on yours.

. in political news pennsylvania is holding an important special election today. there is a lot at stake, especially for republicans john harwood joining us from the keystone state john brin, than, this is a race republicans are eyeing nervously. donald trump won this district easily in 2016 the republican congressman who recently resigned in a personal scandal had held the seat for eight consecutive elections, yet democratic candidate conor lamb, young, attractive, moderate is poised for a strong showing against republican rick saccone. donald trump came in here over the weekend to try to save rick saccone's candidacy, even as

saccone's lead had evaporated. donald trump jr. was here yesterday. if in this part of trump country there's a significant blue collar presence, union steel workers, the trump tariffs were in part cast with an eye in mind to districts like this this is a bad sign for republicans if they cannot hold this seat. you'll see a lot of nervousness from republicans, potentially retirements of veteran members from congress. we're standing right now in allegheny county, the suburban part of the district where conor lamb hopes to do best especially among college educated voters, women voters, young voters, we'll see. we'll get some results today and end all the speculation. >> we know it's going to be a long day for you and the entire team see you all day on cnbc. let's get a check on what's happening outside the world of

business nbc's frances rivera in new york with the latest. good morning authorities are investigating a series of package bombings in austin, texas that left two people dead and two others injured. two of the explosions happened within hours of each other on monday and come less than two weeks after the first fatal blast. police believe all three attacks are linked and could be hate crimes. theresa may says it is highly likely russia was behind the apparent assassination attempt of a former russian military intelligence officer convicted of spying for britain. he and his daughter are still fighting for their lives after found comatose on a public bench more than a week ago may says they were poisoned with a military grade nerve agent developed by the soviets in the 1970s. and house republicans say they completed their investigation into the 2016 election interference and that they found no evidence that the train clu

trump campaign colluded with russ russia brian, back over to you. >> frances, thank you very much. on deck, your top three global hot spots we'll break down where in the world you should be putting your money right now. later we'll reveal our mystery chart. have you figured it out yet? trailblazers and the octopus you can't predict the market, but through good times and bad at t. rowe price we've helped our investors stay confident for over 80 years. call us or your advisor. t. rowe price. invest with confidence.

a tech takedown.

tuesday president trump blocking what would have been the biggest technology deal ever. we'll bring you what might be the three hottest investment opportunities for you right now overseas. and the catch of the day wait until you see what one rom reeled in off the coast of australia. no fish tails here it's wednesday, march 13, 201. you're watching "worldwide exchange" on cnbc. all right. it's 5:30 in the morning in the east, you have to shake it off, get up, get going. great to see you here. here are the top five things you need to know president trump blocking broadcom's proposed 1$117 billin takeover offer for qualcomm. trump citing national security concerns if it went through it would have been the biggest technology deal ever the nasdaq back at all-time highs. apple shares at a new record apple closing in on the $1 trillion market cap level.

the president will meet with saudi crown prince during his visit to america next week that meeting scheduled for next tuesday. voters in pennsylvania's 18th congressional district will head to the polls today to vote in a special election. the latest polling has the democratic candidate leading in a district that president trump took by a landslide two years ago. more than 1,000 flights up and down the east coast have been canceled. another winter storm is bearing down on us hi that's the third nor'easter to hit the region in the month. futures are indicating a gain of 100 points for the dow the slow climb up is likely to continue in asia, the nikkei rose about a half percent the domestic market was down, but the hang seng was down, mild gains across the board for most of continental europe. and canada's prime minister justin trudeau weighing in on

president trump's new steel and aluminum tariffs he spoke about how they could impact nafta renegotiations and both the u.s. and canadian economies. >> we don't link together the tariffs and the negotiations for nafta, we're happy to move forward on the negotiations. just highlighting in the position on tariffs on canada would end up hurting the u.s. almost as much as it would hurt canada. one global market is benefiting from the trade turmoil and it's surprising. let's bring in tim seymour we convinced you to get up at 5:00 a.m the dax has had the best multi day run. >> if anything, let's watch the

dollar today on the cpi release in the u.s dollar may be consolidating having put in a bottom strong dollar needs weak euro, which is good for export stocks. the irony is the trade war has almost inspired a reality that germany's export economy is still extremely strong it's a domestic economy that's the heartbeat of europe. it's chugging along. >> how much can we be comforted as investors by merkel securing a fourth term. >> the cdu having this coalition. there's been a lot of question on whether merkel could legislate and govern six, nine months ago we were concerned this would be a big issue. >> let's move to a different continent. we were locking up brazil wran po brazilian politics not long ago. suddenly brazil is the hottest trade. >> some of this is the commodity, this is steel, p

petrobras and valle, which of the big ones divestiture, better balance sheets are part of that story. the emerging market currencies have made a major fiscal adjustment over the last two years, three years in the case of brazil it was a massive adjustment >> you think more money to be made in brazil >> i think so. the global recovery is alive and well we can still see this reflation trade. this is at the heart of what makes brazil >> would you still do the brazil etf or stock by stock? >> stock by stock is a better allocation of capital. the ewz is no longer all about petrobras and valle. >> the domestic chinese market is down. hang seng is up.

you're a fan of big cap china. when you say that, are we talking about the shanghai listed stocks or hong kong maan do you care? >> i do care the dynamics between what's going on and the listings, the one road policy has meant the exchange going back and forth between hong kong and the local shares it's meant you've seen resurgence in the local share market if you think about the alibaba and the bad ushg's, thereu,'s, of pressure to get these guys listed when you think about mega cap china tech at a time when tech is cruising along over here, i think you have an argument of better valuations, better growth so it's not just alibaba and badu, but companies like best or cee which are internet plays which are interesting to me.

>> tim seymour, somehow we convinced you to get up early. you will bookend cnbc programming today. >> it's great to be here in your first week >> thank you appreciate that. there's a pair of economic reports on the wall street agenda the monthly small business survey at 6:00 a.m. eastern, followed by the big one, the february cpi, consumer price index. time for our morning street talk, a run down of stock news and analyst calls. credit suisse out last night with a huge call on retailers and consumer products. it issued a buy on shares of a number of companies including nike, foot locker, and even ferrari. the analyst slapped an underperform rating on jcpenney with a price target 20% below

jcp's price target guggenheim partners says sell shares of print sprint, they li shares of at&t, it mobit mobiled verizon. and steakhouse chain dell frisco's is getting optimism from its ceo it was disclosed late last night he bought 15,000 more shares in de del frisco's restaurant group. another winter storm is about to slam us on the east coast. a third nor'easter just this month. landon dowdy, say it ain't so. if it is so, tell us about the impact >> it is so. the storm is expected to bring coastal flooding and winds and could reach bomb cyclone status. nearly 44 million people are under a winter storm advisory,

boston is expected to take the brunt of that storm. nearly 1600 flights have been canceled today, 1800 delays. almost all flights in and out of boston are canceled. american airlines scrapping its entire boston schedule today and warning of the potential for other flight cancellations around the northeast american, delta, southwest and jetblue are waiving ticket change fees. if you're traveling by train, amtrak temporarily suspended its northeast corridor service between boston and new york until at least 11:00 a.m. today. i swear, spring is coming in about a week hopefully >> you promise >> that's what the calendar says >> we're live on international t tv, if you're saying spring is coming, we're counting on you. >> mother nature is not helping out. still to come, viral video alert. one woman went on a casual fishing trip with her son and ended up reeling what might be the biggest fish you've ever

seen the crazy footage as well as the rest of the trending stories next. and from a big fish to the big dance. looking at the mega money in march madness. >> that's right. i know you're about to get your brackets in, and the first ncaa meartoghgas e nit. we'll talk about the billions of dollars there. "worldwide exchange" back in a second in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence.

good morning welcome back

5:41 in the east let's get you up to speed on market action. s&p futures indicating another decent dane fgain for the dow j s&p 500 and nasdaq apple inching closer to that $1 trillion market cap level. the treasuries, not a big move here holding steady at 2.88 on the ten-year. time for the top trending stories. landon dowdy is back with those including a giant fish story >> check out this bass check it out a woman visiting her son in australia reeled in more than she bargained for. sue caught a 130 pound fish. the fish was measured at 5'4", two inches taller than the woman who caught it. >> is that real? >> that's massive. >> did anybody know that bass grow that big?

i think of a bass in the lake, a ten-inch bass. 130-pound bass >> she said she helped chop it up to put it in the freezer. >> no, she didn't. >> yeah. >> that's breakfast in australia. a toss in the category of kids today the piece profiles college students already having trouble reading their own lecture notes citing bad handwriting in childhoods where they were encouraged to assignme assignments. when kids get to college and encounter professors who ban laptops in the classroom, they have to adjust on the fly with almost illegible notes >> it's not just them. >> you can't read your own handwriting? >> no. >> did you ever learn typing >> yeah. yeah the whole thing. by the way, no lie, the most

important class you can take is typing >> yeah. >> how many words can you type a minute in my own language, 100. venus and serena williams faced off last night it was the first match since 2008 venus entered as the highest ranked player and came out on top beating her sister in straight sets. just the third match for serena since they gave birth to her daughter in september. >> got to be tough >> landon dowdy, thank you very much let's stay with sports march madness kicking off later this week. not only a lot of big games but a lot of big money on the line let's bring back in eric chemi >> the tournament actually begins today there are games today. the first four, ucla and st. bonaventure, three schools are left out of the tournament because of fbi implications.

the selection committee wouldn't say that's why they were left out. if you look at some of the big numbers, the ncaa as an organization for the first time topped $1 billion in revenue, but three quarters of that, 7$71 million came just from this tournament another big number, $10 billion expected to be gambled on this tournament, 97% of that will be illegal gambling so we asked experts their thoughts about how to reform the ncaa with all the problems around some people, they said, you should allow people to get side endorsements but have a clearinghouse to allow these things to happen so there's no black market activity. another expert said let them get a work study rate for all the hours involved like a minimum wage rate, but not huge pro numbers someone else said what if you allow the nba to get involved as a mediator to bridge the gap

between the college basketball level and the professional basketball level >> all right usc did not make t it, louisvil. is there momentum behind that semi conspiracy theory that this fbi investigation may have kept some teams out >> a lot of momentum behind that a lot of people thought if you looked at the rankings based on strength of schedule, rpi, all the factors the selection committee usually puts in, usc had one of the best records of a team in ten years that didn't get in alou lot of people thought oklam state was better than oklahoma oklahoma got in. >> oklahoma was one of the best teams in december. oklahoma state had a losing record in conference arizona got a four seed. is that one of those things where they had to put them in but maybe knocked down a seed because of this? >> possibly. but once you're in, you're in.

>> who do you have what is your pick? are you going with the shockers? >> i'm a los angeles guy i always root for ucla >> go bruins today >> hasn't gotten me far. >> ever see a game at the pawley pavilion >> i never did >> i did as a kid. >> it will be a late night game tonight. >> what is sleep eric, thank you very much. we are approaching the top of the hour, that means the team is getting ready for "squawk box. joe kernen has a look at what's coming up. we just picked ucla today to not win the whole thing. xavier has a chance to win the whole thing. >> i was at the game friday against providence i still think that's true. the next night -- the next day villanova played providence, by xavier lost to providence. everybody lost to somebody i tuned in late. the minute i put my ifb in, i heard bare naked ladies. you're talking about the band?

>> yeah. canada's third best export >> i see you and chemi, i thought you didn't know you were still on you like xavier. cincinnati is ranked number two. i don't know who to pick to win it all >> i took x. >> you did take x? >> xavier. >> you're going with xavier. >> nine great guys deep michigan just beat michigan state. who is andrew picking? fordham? >> what about virginia virginia never seems to play to potential. >> talk to tyler mathisen. he's a cavalier. we're great friends despite the fact we should naturally hate each other given our college affiliations >> i took virginia tech for a game or two. >> this is why we're friends >> did you fill out a bracket yet? >> i have not. my daughter picked hers last night. we'll see what happens mostly based on uniform color. >> i'm conflicted already. i have to go with some of the --

at the beginning i try to pick upsets it never happens then i'm behind. you don't want to have -- you pick the favorites, your brackets might get busted when one loses. all the way to the final four you have nothing >> listen, "squawk box" always has a lot of terrific content, basketball aside, what are some of the highlights from the three-hour program coming up next what did you talk about today? did you talk about sifious about broadcom >> i tried to explain what sifious was, other than sounds like a bad skin condition. a lot of pirates died of sifious. >> making a comeback in certain parts of the world don't take it there. did you talk about -- i saw you talking with harwood i bet he was talking about the pennsylvania election, where the guy -- gerrymandering goes away in a couple months how long will the guy be there

this is the biggest thing ever in case trump loses for john >> you and i both know if this district, the 18th, allegheny county, ifit goes to the democrat, there is going to be a big headline that says this is it >> yeah. yeah okay i think -- when does that district go away doesn't it go away from gerrymandering, won't he only be seated for a year? do you know? >> i do not. john harwood does. >> oh, yeah. we'll talk nec and who ends up there. did you see there's a potential -- larry kudlow possibility as a leading candidate. >> here's our graphic. >> larry >> yeah. >> and greg ippon will talk about how gary cohn was the last adult in the room. the adults are always like the

democrats, then the children like wilbur ross and navarro and trump are over there like throwing stuff having food fights then the adults, the democrats are like, hey. i don't know >> only on some pages, joe >> no, in the style guide of the "new york times," adults in the room refers to just democrats. >> well, it's a big show we'll see you in a bit thank you very much. appreciate it. going to a break last chance to guess the mystery chart. 32 years ago today this little company went public at -- good job with the music $21 a share. we'll have good guesses and reveal the mystery chart coming up after the break

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listening, is the new reading. text "listen 4" to five hundred five hundred to start listening today. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. time to unveil the mystery chart. happy birthday to this company, 32 years ago you ipo'd at $21 a share. made thousands of employees and investors millionaires we had some good guesses we had boeing, disney.

you got the city right, boeing, seattle. but the mystery chart is microsoft. that's right happy 32nd birthday to microsoft. control alt delete was not the same without you. joining us is the senior equity analyst at fourth group since hosting the show, two days ago i'm asking all my favorites to get up early and come on. appreciate you doing that. >> thanks. >> we didn't randomly pick the chart because of the birthday, this is a stock and a company you love it's all about catpital spending explain. >> it really is. microsoft is not the pc company, they are a business and enterprise software company. it is office think of it that way what happens when hiring gets ramped up, everybody gets a

computer, has office and all the other microsoft apps on their pc, but they also have to buy the back office sort of stuff like microsoft sqel and other stuff that ordinary people have not heard about. i'm looking forward to hearing more people hired because microsoft will make more money >> you are not square e scared e run the stock has had recently >> to be honest, i like to buy things when they're on sale. i would probably actually pull back or wait until a pullback happens to buy in if you do not own microsoft. but, no, i'm not i'm looking three to five years ahead. and i know more people will be hired and they have gotten their business mojo back and, you know, i think they'll succeed and continue to succeed. >> so you're not buying but you're holding what you have >> holding >> intel is another one that falls under your thesis as the

later cycle type of beneficiary. we have our top story today, broadcom/qualcomm. intel has been rumored as a value investor, would you be worried if intel were to step in and make a bid for one or both companies? >> both would be a bit much for me i will hold in i was thinking about this yesterday. what i think is intel is a good designer of chips but a better operator what most of these companies need is a steady hand on the finance, but also on how to do production at the very highest level. and i think that's really what intel could bring to these companies is discipline with respect to their processes >> i love it we're leaving the 5:00 a.m. show with a couple of picks, microsoft and intel kim, appreciate it see you soon >> thank you a lot of big stories out

there including the biggest technology takeover deal of all time scuttled by the president and the treasury department. thanks for joining us on i'lddexcnge. m brian sullivan, see you tomorrow "squawk box" starts right now. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure.

still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party.

good morning deal blocked president trump halting broadcom's takeover of qualcomm. it would have been the biggest technology deal ever. the nasdaq is back at an all-time high as apple hits a new record closing in on a trillion dollar market cap. and more than 1,000 flights canceled up and down the east coast. as another nor'easter plows through. it's march 13, 2018, very special day. very special "squawk box" begins right now.

♪ live from new york where business never sleeps, this is "squawk box. good morning, everybody. welcome to "squawk box" here on cnbc we are live from the frz dnasdaq market site. our guest host for the hour is steve grasso from stuart frankel, also a cnbc market analyst. great to see you >> good to see you guys. >> let's look at the u.s. ekky f equity futures the dow futures are in the green, so is the nasdaq and s&p. the dow industrials are up about 85 points right now, yesterday sol some of the industrials were pulling things down, boeing was one of