yes. it's the squawk box takeover >> i'm geoff cutmore these are your headlines the u.s. and china head for ra trade showdown as china's premiere says it is ready to retaliate but there may be a way to avoid an ugly fight >> we should not be threatening, we should be identifying the

areas and work on those. >> sodexo shares hit their lowest several since 2015 since poor second quarter performance. renault is said to be in talks to merge with nissan. and the white house says it has no plans to go after amazon right now. welcome to "street signs." let's talk you through the markets. what is fascinating last night is we saw flat dow, flat s&p and yet the nasdaq once again under huge pressure. that has been the story of the week the fact that we've seen leadership from technology stocks to the down side. it may surprise some of you

after such a tumultuous week that week to date these indices are not doing badly considering we had such oscillation. the dow week to date is up 1.3%. the nasdaq week to date is up 0.6% -- beg your pardon, the s&p. but the nasdaq is down so many individual stocks are getting top-down concerns about valuation but bottom-conceup con about business models. the european session itself has proved equally interesting we had big corporate news out of france i can see the cac 40 is trading 0.2% higher. the good news potentially surrounding renault outweighing thenegative news surrounding sodexo the ftse is 0.2% higher.

7,000 has been a battleground on this index the german market, 0.4% higher the jobless rate hitting record lows autos complete unsurprise given the story we're giving you more color on considering renault and nissan, which have a great long-term cross-share holding and both have carlos gohn in common as well perhaps the slight interest will come in the fact that the french government is a share holler government is a share holler ho this one autos gaining. retail up 0.5% travel and three sure downleisun a mixed performance for the new zealand blue chips and the australian blue chips.

asx 200 down we saw basic resources in europe up a divergence there the shanghai composite and the nikkei both in positive territory. >> a threat of trade wars has been driving sentiment china could target a range of u.s. businesses and services if a trade spat with the u.s. escalates. that's according to an editorial in the china daily the newspaper quoted the chinese premiere telling a u.s. congressional delegation that beijing was open to discussions but fully prepared with counter measures speaking with cnbc, robert lighthizer said he expects a 60-day window of public comments before u.s. tariffs on chinese goods take effect. he added it would take some time to bring the u.s./china relationship to a good place

>> i think it's possible where we could end up over many years and working our way to a good place. this is the beginning of that. >> speaking with eunice yoon earlier on "squawk box," terry branstead says beijing has not traded fairly and ultimately the trump administration wants an even playing field for u.s. workers. >> we had a situation for many years where china has not treated american companies fairly and the trade deficit has grown and grown. we had companies such as wechat, you can use that in america but you can't use facebook in china. china has a 25% tariff on automobiles. we have 2.5% there's been a lack of enforcing

the laws on intellectual property and they would even require companies to have a joint venture and transfer the technology to the chinese company. lighthizer put together i think about a 200-page report about things that need to be corrected. the chinese have promised to do many of these things, but they have not happened. we want to see this change we want to continue to build the trade relationship with china. china needs to change some of its unfair policies. what does that mean specifically what is the trump administration asking for in negotiations that appear to be ongoing >> of course the trade is really negotiated by mr. lighthizer, who is in charge of the uustr an peel people like mnuchin so they are the lead negotiators

for the united states. we want to make the chinese aware of how critically important this is to american workers. american workers -- chinese have seen a fltremendous increase in standards of living, but the chinese have seen none president trump has reduced regulations, taxes and is now dealing with the trade issue we just got a new free trade agreement with south korea we can just get a better and fairer share for american companies and american workers that's what we want. >> shares of renault hit a ten-year high after bloomberg stated the french automaker is in talks to merge with nissan. this would create a koocorporat trading as a single stock.

i'm delighted to say george galliers and his team have put out a note on this one george, not only am i indebted for you for putting out the note but "b" for also joining us. you have been talking about a closer alliance between these two for quite awhile why would this make sense? >> we think it would make sense for a number of reasons. firstly just purely from a valuation perspective. if you look at where renault is trading today and you look at the market value of nissan and take into consideration renault's stake, the implied stub value foreign nau renault trading at 1 times ebita we think that either through a merger or an unwinding, but we favor a merging you can essentially unlock some of that

discount >> i don't how understand anyone can cut jobs in france, but they do manage to do it macron is trying to change the labor laws there the french government own 15% of renault. would they allow for meaningful consolidation, and, "b," cost cutting? >> i think what would be attractive about the merger, it wouldn't require any cost cutting to be valuable for shareholders one thing that carlos ghogn is looking for is tremendous savings across nissan an renault around 3.2 billion euro s for th two companies working together, sharing platforms, sharing development costs, which, as you know, only continue to escalate. >> obviously from what you said there are clear financial

drivers for this deal. my question i guess is whether the chinese fit into this, if at all. given that the landscape of the auto industry in europe appears to be gradually being redrawn in the interests of chinese players. >> i think we would point to the gille stake in daimler came out of the blue to the investment community and the company. i think you're right that chinese investors and manufacturers are looking for investment opportunity and ways in which to gain more influence on the traditional auto businessmebusiness me and by having a larger structure, that gives them greater defensive qualities in this respect at least to the extent it makes it more expensive were a chinese

operator looking to take a stake in the country >> george, i will ask you random questions about the auto industry tesla. a horrible couple of days. is there a problem that goes to the top and needs addressing >> for tesla clearly the stock has suffered on two pieces of news in the last three days. one was nvidia suspending the self-driving program, and they're a large partner with tesla on autonomous driving, and secondly with regards to another fatal crash involving a tesla in california i think for investors, the most important point is going to be next week on either monday or tuesday when we expect the company to release its q1 deliveries for model 3 they'll also talk about the q1 production rate. they were trying to get to 2,500 units per week if they are still a long way

short of that production rate, then clearly investors will ask questions around are tesla actually able to build the car and do they have the persons in place to get that job done >> just a quick one on volkswagen offering customers they can drive in german cities even if diesel bans are put in place. that sounds expensive if they were to roll that out to all the metropolitan countries and districts banning diesel are they still backing the wrong horse with diesel? >> i think this is volkswagen essentially looking to manage the process as -- manage the process of diesel decline, and also to support their existing

customers. rumors of an extension first surfaced about two weeks ago we think volkswagen are wise to do this. they're basically supporting their existing consumers, enabling them to trade in their vehicles and buy new cars. i think volkswagen's direction is clear out of the mass market oems at the geneva auto show, they were the wins making the largest commitment to back electric vehicles and i think that the message from the top of the company cannot be more clear they see battery and electric vehicles as the future on a ten-year view rather than internal combustion engine or diesel >> thank you very much for joining us best wishes for easter for you and the team the point for me, show me the range for you and i who don't live in london show me the range. >> do you get range anxiety

thoughts >> i get range anxiety thoughts. the issue terrifies me >> it means hybrids will be around longer. >> have you seen the range of the hybrids? the real range and the -- >> you're talking about miles per gallon >> the hybrid engine, you use that before you use the petrol on a gte and the audi e, same company -- >> which tells us hybrids will be around longer because you have to have that petrol engine or diesel engine to top up the battery. >> true. andrea chichionni joins us do you have a view on the individual sectors if so, do you have any view about the autos? >> the auto industry has always

been in a tight situation. it has huge capital requirements and the return is pretty poor. we know that for automakers, economies of scale are the name of the game. they need scale to thrive. as we've seen with mr. marchionne, he's been trying to form partnerships and alliances for a long time. so far he has not been successful in doing so they need scale, particularly now where there's been this massive push towards electric vehicles or hybrids where, for example, fca is a laggard. investment will have to pick up more, and that requires even more than before alliances and scale. >> how do you make money in macro at the moment? >> it's difficult, isn't it. the year -- 2017 and the start of the year this year were very

clearly established trends which are great for macro. all of that seems to have lost momentum we always thought what happens towards 2017 and particularly the start of the year was never going to be sustainable. the lack of volatility in 2017 is what is abnormal. so the pick up in volatility we've seen in recent weeks and months is something that we have been expecting and it might provide opportunities. just that normally macro traders like trends, and there are no trends, but there are opportunities. >> is the pick up in libor and the flattening of the yield curve in the u.s. signaling a significant inflection point is coming for the macro trade or is it a head fake >> i think these are two different issues let's start with libor there's been plenty of

explanations put out there as to why libor has increased. change in u.s. tax regime. repatriation of capital. a large surge in treasury. that explains why libor has gone up that is also in terms of short-term funding costs most corporates in the united states fund themselvese in liboe repercussions in funding costs, but it won't be felt for some time >> we'll hold you until after the break. we have a couple tech stories to get your view on we can do that >> i know. >> we have taken control of "street signs. >> we have taken over. >> we have the power president trump picks a fight with a tech titan more on amazon's slide when we come back.

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shares in food service

facilities manager sodexo has had a sharp fall after the company cut its full-year sales and profit margin outlook after second quarter performance missed expectations. the new ceo says sodexo is acting quickly to fix things amazon shares shed over $30 billion in market value on wednesday after a report by axios claimed that president trump was keen to go after the online retailer and rein in its growing influence. it says mr. trump would use antitrust laws against amazon and change the tax treatment in a bid to curb its power. the white house responded to the report saying while there were no concrete policies in the pipeline that the president was keen to level the playing field. facebook has severed partnerships with several data brokers as it aims to haul itself out of a scandal which saw the personal information of 50 million users fall into the

hands of political consultants the social network also adjusted privacy settings in an attempt to make it simpler for people to manage their information we have the head of investment research at global data. cyrus g to see you andrea stayed with us. and arjun, our man who focuses on everything tech here at cnbc is with us also. arjun, i'll defer to you >> just this is a step further than what facebook has announced. it announced fairly minor changes to privacy, but that would also be forced by eu regulators that cut in ties to the data brokers is a step further as they struggle to gain the trust of users >> one thing i did notice, the shoe dropped for me when microsoft paid so much money for linkedin i was like i can't see where

they make money on this, then i realized it's all about data >> for five years or more we have seen all the big tech titans rise because all the tech themes are set to capitalize on them we recalibrated to take edd ea of those rising up, and anyone who makes money from internet advertising will get hit more. there's a whole host of areas that will be focused on. data protection, companies can lose data through negligence they'll get fined. antitrus antitrust, previously companies like amazon escaped antitrust. the platform or publisher status facebook has gotten away with a

lot because they say they're a contenting ing aggregation plat they are not therefore regulated as a media company >> is there any good news? >> on the regulatory side it's all bad news for 2018 but depending on the sector you are. companies like facebook, amazon, google will get hit more in regulation than microsoft and apple. >> the market or investors were clearly overweight technology. i think you've seen how people have exited swiftly to other safe havens that they're adjusting their thinking about the sector now what difference will that make as to how people place bets >> it will make a huge difference tech is a massive sector in the united states. it's larger in china those are two markets where we thought performance could continue to come despite

headwinds of a different form because of larger shares of technology shares. with what's going on with tech at the moment, that view needs to be reassessed you can't put all tech companies in one bucket. there's the googles of the world, the facebooks, semiconductors and other manufacturers of equipment those lat other categories will probably continue to do well you would have thought these sectors would have been commoditized a long time ago, and they probably were, but there's been consolidation and now few players are left with market power >> cyrus, last year we saw the f.a.n.g.s and the big tech essentially rally altogether is this the your we see disintermediation of the f.a.n.g.s and investors picking winners here as they look at the business models and reassess the business models, and who are those companies that you feel

will outperform the rest of the market >> artificial intelligence, augmented reality, big data, all these trends are sending the tech titans are. regulation will weigh down on anyone who focuses on internet advertising, and anybody who could get caught in antitrust issues, such as amazon with its significant market power in the e-commerce market. >> just 20 seconds traditional publishers are in good position? >> i think they are. they could bounce back if internet companies like facebook or google who use content but are not regulated because they claim to be content aggregators, if they're regulated, that's good news for publishers effectively facebook decides what content you see that's different to the content jeff sees. >> the irony of facebook putting out in newspapers to apologize for this what does that tell us about the thinking of mark zuckerberg and the rest of his

team >> that made me laugh, too i think the thinking is is that the facebook management team is scared, and scared of regulators >> cyrus, nice to see you. arjun, are you back again or is that it? >> i'm done. >> we finally got rid of you >> i'm on "worldwide exchange. >> happy easter. andrea, thank you for joining us coming up, will mr. trump's tough talk on trade lead to tit-for-tat retaliation against u.s. businesses in china we'll hear from the american ambassador to china who spoke to eunice earlier on. that's after this break. trouble. - 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.

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welcome back you're watching "street signs," i'm geoff cutmore. >> i'm steve sedgwick. these are your headlines the u.s. and china head for trade showdown as china's premiere says it is ready to retaliate but america's ambassador to china saying there

may be a way to avoid an ugly fight. >> we shouldn't be threatening we should be identifying the areas of unfairness, and working together to correct those in a way that will benefit both of our countries. benefit the chinese consumers as well as american workers sodexo shares hit their lowest level since 2015 after poor second quarter performance sees the french services group slash guidance. renault shares drive higher after it's said to be in talks with nissan to merge into a single stock amazon is among the hardest hit stocks after a report says president trump wants to go after the e-commerce giant on taxes, but the white house says it has no plans to do so right now. welcome back uk quarter on quarter gdp, fully

revised figure up 1.8% from the previous figure of 1.7%. so a mild adjustment to the upside quarter on quarter the services figure have gone down to 0.4% from 0.6 the indust production 0.4 from 0.5. construction much better figure there. negative 0.1% quarter on quarter from a negative 0.7. let's look at uk household spending up 0.3% quarter on quarter unchanged from the previous estimate net trade in the fourth quarter contributing negative 0.4% to quarterly growth anything else titillating you there? >> a couple things that i think are interesting in this. one is the indication that the consumer is still borrowing. so that's a positive, i guess, more the uk economy.

consumer credit up strongly at 1.67 billion against the january number that's well in excess of the expectation of 1.4 billion people are borrowing while that's unsecured credit borrowing a lot of it, while the mortgage lending numbers indicate a decline at 63,910 approvals, the expectation was for 66,000, the amount of money that's been borrowed is higher than expected at 3.71 billion. maybe less mortgages approved but at a higher value. one thing i want to single out is the m4 money supply number. one feature of this expansion that i think has been weak in europe has been the volume increase in money and the velocity of that money moving through the economy, which is why, i think, a lot of people

are look at credit impulse and arguing maybe the eurozone has had its peak in growth this cycle. if you look at the m4 money supply number for the uk for february, the supply growth was a negative 0.3% month on month the numberscouraging for those k at the credit driver and the creation of money in the economy and velocity through the economy as signs of healthy progression here so there's still the classic imbalance in the uk economy that the consumer is doing the heavy lifting, but it's not actually coming necessarily from all parts of the economy >> yeah. fabulous looking at all this data we don't usually dothis. uk net guild purchases in february, 11.6 billion by negative 9.25 figure previously. biggest net ncreases, november

2016 the point i'm making here tallies along with the current account balance. that is the fact that there was a concern that foreigners will not want to carry on financing and there are concerns about the current account deficit. looks like it's as robust as it has been for the past couple of years. much better figure than expected the current account deficit of 4.1. the lowest as a share of gdp since 2011 once again the public finances and overall profile of uk finances, no one is saying it's fantastic, still a negative figure but better than feared. so, let's look at u.s. futures after an exciting session so far in europe what do you do in this session? you have a long weekend on both sides of the atlantic. do we see a karma market a closes oing out of positions

the first blush of futures would indicate a karma start to trading. european markets we're up mildly. calm session ftse is consolidating, about 7,000. dax is at 12 thoishg,000 the cac is at 5143, despite the tumultuous of renault moving to the upside and sodexo moving lower. trade tariffs and the threat of has been one of the bigger stories recently china could target a range of u.s. businesses and services if a trade spat with the u.s. escalates according to an editorial in the china daily a chinese paper says beijing is open to discussions, but fully prepared with counter measures speaking with eunice earlier, u.s. ambassador to china terry

branstead sa bransted said that the u.s. will work with the chinese to create a level playing field. >> chinese can make all kinds of investments in the united states that we can't make here. cloud computing is an example. alibaba is doing that. you can get wechat in america, but you can't use facebook here in china it's not a level playing field it's not fair. we want to see that corrected. we supply safe reliable food that's been a huge issue here in china. we want to continue to do that it took us 14 years to get this market reopen for beef there's eggs and chickens we can't sell here now because of what happened three years ago that's been corrected. >> at the same time we've been seeing the chinese in the state press threatening to stop bringing in soy, buying a lot of things in agricultural products. so is that something that you're

worried about? that this will become a tit-for-tat response by the chinese and the united states? >> my feeling is we should not be threatening we should be identifying the areas of unfairness and working together to correct those in a way that will benefit both countries. benefit the chinese consumers as well as american workers my hope is that we can continue to work together and get through this challenging time. but it's certainly been ignored too long the trade deficit has grown. and i think this administration is committed to seeing that we make some changes. the u.s. ambassador to china there talking to yune nice the overall impact on tariffs on chinese corporates and banks will be contained, that's according to s&p and its trade report the ratings agency says the effect of trump's tariffs remain limited for now, but that china's response is key.

paul watson joins us, head of corporate research at s&p. that's a very measured report, i think. you're suggesting actually these two powers will be careful about how much damage they inflict >> well, we have to wait and see how this develops. we don't yet know what the list of products is that the u.s. is going to impose tariffs on under the section 301. so i think that's the 6th of april, by the 6th of april we should get clarity on that that is on the 50 billion, 60 billion tariff number flagged by the administration so far. and so the interesting thing there is, as you say what will be the response of the chinese authorities, that will be key. >> a lot of sabre rattling going on is it in china's interest to escalate with tariffs on agricultural produce given that the chinese can't feed themselves at this point

>> i think you need to -- we need to look at what the u.s. exports to china last years good exports to china were 1$129 billion. one interesting aspect about this, if the u.s. is going to impose tariffs of 50 billion, 60 billion of imports from china, if the chinese authorities had a calibrated approach on a one for one basis that could mean you get tariffs on up to 50% of u.s. exports into china, which would be pretty serious. i think -- coming back to your question, it's sort of aerospace, boeing and agriculture, those are two of the big product lines in the firing line. >> in terms of other countries getting dragged into this, not just being a china/u.s. battle the europeans look like they may have exemptions. are others going to get dragged into this, the japanese and the germans? they're both surplus nations with the u.s. as well.

>> i think our view is, reading the trade policy agenda of the u.s. administration, it's clear they're on a path. this is part of a journey to actually address, as you say, what the u.s. perceives to be unfair trade practices reflected in surpluses of other countries. so, yes, clearly the eu is also part of this overall discussion, negotiation, call it what you'd like which the u.s. administration will be having with lots of different countries. >> who loses here? geoff started out by saying it's a measured report, but if this does exacerbate and the japanese get dragged n and the je eged i get dragged in, this will be horrible, won't it >> it depends on the tone of the negotiation and how that plays out. there's lots of ways that the tone can remain constructive

so, for instance, already we've seen some noises that the chinese might potentially increase the purchases of semiconductors from the u.s. wilbur ross would like to see china increase lng purchases from the u.s. as a way to try and start making good on the reduction, 1$100 billion reduction in the trade surplus that the u.s. wants to see immediately. >> i was going to ask where the vulnerability is in the chinese corporate model. we were fixated on the shallow banking system and worrying that any external knock to the system could cause a domino-like effect ripple through the chinese financial economy. the government has been working hard to try and shift the risks. but we still look at companies like hna and we see the bond yields they're offering to get financing. it does raise the question who is exposed to trade financing in the chinese economy.

and would they be very negatively impacted by a war that starts very modestly? >> there's lots of elements in that question. i think the -- i think the first point is that for us, i think this comes out in the report, to see a more serious and damaging and long lasting impact, we would need to see, as you say, the sort of motion, rhetoric rising on both sides and that would unsettle financial markets even more than we've seen in recent weeks and that would impact on business and consumer confidence and to your point on china, that's the big concern really on that side. there are issues about japanese companies investing abroad and that's part of this whole negotiation as well. whether the u.s. will put down some barriers in terms of preventing chinese companies

getting such ready access to tech companies >> clearly you're on top of these companies. how far away are we from meaningful changes to ratings around the credit worthiness on the back of a storylike this >> on a story like this? this will take time to play out to see the economic impact and affect certain sectors the weaker players in those sectors would be affected. you can see in the u.s. on the back of the steel and aluminum tariffs there was positive reaction initially to the tariffs being imposed for u.s. domestic steel and aluminum producers. so it will have some effect. it's fairly marginal unless the negotiations really do become very protracted and the whole situation escalates significantliment. >> paul, nice to see you

let us move on north korea and south korea will hold their first summit in more than a decade this will happen on april 27th this after seoul and pyongyang agreed earlier this month on such a meeting they agreed to meet in a border village after the south korean president moon jae-in sent a delegation to the north to meet with kim jong-un. president trump says kim jong-un will do what is right for his people and humidity, adding he is looking forward to meeting him in coming weeks this comes after kim's visit to beijing earlier this week. his first trip outside of north korea since becoming its leader. >> things change situations change. you have to change your view if the circumstances change >> i wonder if mr. tillerson

will ever tell us what he thinks >> i don't think there's a book there? >> i don't think tillerson is like that. >> the interesting thing is did you see the trump administration is now requiring nondisclosure agreements to be signed by new members of the staff >> i have a list in front of me. guess how many people have left whether obama appointees, sacked, resigned -- guess how many >> 152, 472 -- >> no, 45. >> how do we know they've been made to sign nondisclosure agreements surely they shouldn't have disclosed that disclosed that takeda racing isn't the only thing on my mind. reported merger. more after the break

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welcome back softbank is eyeing a 25% stake in swiss re.

the deal would value the take at 9$9.6 billion with talks on a price between 100 and 105 francs per share. swiss re declined to comment on the report. cme group has agreed to buy nex group for 3.9 billion pounds the combined companies will produce 2$200 million in cost synergies by the end of 2021 takeda shares fell after the japanese drugmaker confirmed it was considering a bid for shire in the uk that could top $40 billion. let's get makiko utsuda to update us with more. >> yes takeda pharmaceutical admitted

it is considering a bid for shire but that the consideration for a bid was in the early stages and was one out of several options considered shire said it had not yet been approached by takeda the firm takes in about $15 billion in annual revenue and has strength and treatments for rare diseases. buying shire would strengthen takeda by enhancing operations in the u.s., shire's main market takeda has completed three large-scale acquisitions so far including the purchase of u.s. drugmaker ariad pharmaceuticals for $5 billion last year and a bid for shire would far exceed those past deals as shire's market capitalization was $39 billion as of tuesday's close. takeda shares plunged nearly 8% today as investors worry a deal of that size could put pressure on financing that's all from the nikkei back to you.

>> excellent thank you very much for that pruch puesident trump pushet his vet ranserans affairs secre. tracie potts has more on this. how is this going down with war veterans >> interestingly we heard from amvets telling the "wall street journal" that tlir nthey're not sure that anything in dr. jackson's background shows he could run the agency the president's personal physician who we last saw publicly a couple months ago when the president had his physical, he came out, did a briefing at the white house saying the president was in great health and gave details about that but there's a far cry from that and running this agency that's been embattled they're still working on things like wait times. they have new legislation they're trying to roll out and

more they're trying to do to get this agency in shape, and the question is is he up for the job. >> i found a list, it's enormous reince priebus was number 16 on that list. scaramucci was number 17 the list has 45 names on it. do they have enough staff in the administration i know it's a real issue because a lot of roles were never filled in the first place >> exactly some of the roles have been filled two, three, four times. the communications director, hope hicks today may be her last day. she was the fourth communications director in that position now looking for a fifth. yeah there has been turnover. to put it in context, usually after the first year you see turnover at the white house. but this has been unusual. not only within the west wing but also within the president's cabinet. just recently we saw rex

tillerson -- the interesting thing here, the same thing we saw with tillerson we saw with the va secretary, which was weeks of speculation, weeks of denials by the white house and then suddenly everything confirmed in a presidential tweet. >> it's been a remarkable week not only have we had this revolving door at the white house, we had the whole stormy daniels interview. is any of this doing any damage at all to the president's ratings? >> you know, you have to take a long look at that. the thing that the white house is trying to do today is refocus, trying to put some of the stormy daniels, all of the turnover behind them the president will be going to ohio to talk about infrastructure again, that's something that he really wanted to push. it's been stalled in congress. democrats don't think it's enough republicans and conservatives think it costs too much.

republican leaders think they have other things to do. the president is trying to breathe new life into something he thinks would be positive, a job creator, and maybe deflect from some of this turmoil that we've seen in recent weeks >> jeff bezos' spat with mr. trump, and the axios report. what is the feeling on the inside in washington is this about the dominant position in the market of amazon or is this about the owner of the "washington post"? >> i'm not really sure that's one i've been following as closely because there's been so much turmoil going on with the west wing and within the administration the big picture here is that there is constant conflict coming out of this white house, with the private sector, within the cab nell to some degree even with public issues, with stormy daniels, for example. this is a white house that's got

to right the ship to some degree and get things under control >> tracie potts, thank you very much tracie potts, nbc news >> u.s. fought chores -- >> yeah. where are they seen? quite calm compared to the turmoil of the recent sessions we have implied open up about 8.7 on the s&p dow up about 78. nasdaq up 39 we've done four hours together >> we have >> we've done 19 hours together this week. >> absolutely. >> happy easter. >> they've all been terrific you know what's awesome? gig-speed internet.

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is the big tech stock run done that's your trillion dollar question we'll get some answers straight ahead. slamming facebook. what apple's ceo tim cook said about the social media company that is getting a lot of buzz today. and calling foul the u.s. ambassador to china raising the red flag on trade. we'll bring you his comments from beijing on this thursday, march 29h as "worldwide exchange" begins right now ♪ lightning before