it is 5:00 a.m. on the east coast. here are the big things you need to know. netflix shares are rocketing higher after the company reported a blowout quarter and sees more big gains ahead. tesla temporarily hitting the break on model 3 production as the company works to address bottlenecks. china's mick groweconomic g coming in ahead of some of the most expectations. china and trade are a big topic today at mar-a-lago. the president will host shinzo a abe. and another top nike

executive is out as they try to clean up their corporate culture on this tuesday, april 17th. "worldwide exchange" begins right now. ♪ good morning welcome from wherever in the world that you may be watching i'm brian sullivan glad to have you with us here's how your money and the global markets are setting up their tuesday. stock futures indicating that the dow will rise again at the open up 150 now as an implied open. but there are a couple of economic reports out there which do tend to move markets, housing starts and permits at 8:30, and industrial production at 9:15. they do have the power to turn things around. more on the markets in a minute. we have to get to the top corporate story, and that is the best performing stock in the s&p 500 this year, likely to extend its lead today netflix shares up in extended

trading. the company adding 7.4 million new skubscribers last quarter, and 2 million in america alone netflix sees another jump in this quarter projecting more sub abs than analysts expect joining us now is porter bibb. how surprised or not are you by netflix'scontinued and incredible run of gaining subscribers around the world >> reed hastings continues to surprise everybody he blew the wheels off of the analyst predictions the first and second quarters. no sustainable business model, nothing but momentum, but reed and his team have proven that investing $10 million in marketing and new content actually does pay off. it's very, very promising next quarter coming up. he will even do better even though netflix has already gone

up 60% since the beginning of this year. and it is on a very fast track right now for today's increase >> i know amazon would hate this, they're also a media company, but is netflix the amazon of media? >> amazon -- everybody uses that comparison, but amazon has a different model. amazon -- people invested for years in amazon when it didn't show a profit. jeff bezos actually had a strategy he kept adding incremental profitmaking businesses, now look where amazon is the problem that hastings has with netflix, there's no sustainability he will have to continue -- he himself said in the earnings call that he will have to spend part of the $8 billion for new content and $2 billion for marketing just to keep the momentum going he has that momentum and that

will last for three, four more quarters what i mean by the amazon reference, it seems like netflix is amazon 15 years ago they don't need free cash flow the market rewards the equity. i wonder if the model itself has nothing to do with television. the model is the stock >> there's another comparison that makes netflix look like amazon did 10, 15 years ago. that's the fact there's no real competition. amazon and hulu are about it right now. but netflix is going to see that all change very quickly if at&t and time warner get through the justice department hurdles that are facing them now. there is a very, very strong likelihood that two, three years from now you will see netflix as

an acquisition target. >> it's getting so big, i wonder who can digest a deal that size. disney rolling out the new espn plus app is that patriot -- compatriot for netflix. with this, wouldn't people be driven towards netflix as they cut the cord >> it does, but the cord is already cut. what is ironic is netflix has just done a deal with comcast to put a netflix bundle on to cable, but that is a declining market it's irreversible. over the top and streaming is where everybody wants to be. they'll be there and they'll start challenging netflix. netflix to continue its momentum has to do one of two things. either add advertising which is poison for subscribers or raise

prices, which is worse >> i hear you. we have to go. at some point we'll get to a point where there's so many apps they'll look like channels on apple tv, if you know what i mean >> pleasure. tesla, the company saying it has to halt production temporarily on its model 3 as it tries to catch up with production issues. kate rogers has more on that >> good morning. despite a long waiting list and several missed production targets tesla is pausing production of its model 3 cars the company says the move is planned. tesla saying the shutdown will improve automation and systematically address bottle necks. the carmaker said the shutdown will not impact production targets. the company had a lofty goal of producing 2500 model 3s a week in q1, they only reached 2,000 a

week >> tesla shares down about 3% on extended trading. elon musk's boring company just secured 1$113 million in ne venture capital funding. they sold $10 million worth of flame throwers earlier this year kind of as a joke. that is not their main business. the 6-year-old startup is working to dig tunnel force high speed mass transit and cargo movement it's working to win approval to build the hyperloop connecting d.c. and baltimore as well as one connecting chicago to o'hare airport. your money likely to rise again today as we showed you at the top. the dow indicating a jump of 150 points at the open right now there's also something interesting and important to watch in bonds not the ten-year, but the two-year note. trading again at 2.39%

by the way, that's the highest yield in nearly ten years for the two-year why do you care? you care because the gap between the two-year and ten-year narrows, it's called the curve flattening, that's important because it means generally two things in a rising rate environment we're in, and two, the economy could slow down ahead as borrowing costs rise. watch the british pound, just got a wee bit more expensive. the pound at the highest level to the dollar since the brexit vote joining us now is michael bell from jpmorgan asset management i thought brexit was supposed to destroy the pound. it collapsed after the vote, but now back to a pre-brexit level why? >> i think two things. firstly, it looks like we'll get a transsinitional deal in the u which means very little will change when we get to march

2019 and it will be extended a couple years beyond that. that pushed the concerns around brexit into the long grass and secondly you see this tight labor market data this morning showed the uk unemployment rate has fallen to the lowest level since the mid 1970s. you are getting a pick up in wage growth. that's supporting the pound. >> what you said is very important point from a calendar perspective, which is the official brexit date is the end of march of next year. but this idea of this extension, technically brexit goes to the end of december 2020 at least from a trade perspective. >> that's correct. as long as an agreement can be made which we expect around october time on the agreement which would sort of finalize what has been announced around the likelihood of a transitional

deal, for all intents and purposes that march 2019 date becomes irrelevant, and the date really becomes december of 2020 that we need to worry about. that's quite a long way into the future that's giving currency investors the ability to look through some of those concerns and focus more on the fundamental data which looks strong at the moment you have weakness in retail sales. but i think what's interesting we had that strong labor market data out today tomorrow we will see interesting data our view is the inflation numbers, by the end of the year uk inflation should fall quickly, perhaps down do target by the end of this year. if that's the case, with the data showing wages are picking up in real terms uk consumers will feel wealthier, that should boost uk confidence and improve retail sales >> i like it

your latest note is something fascinating. we know emerging market populations are growing. you point this out in the next 30 years, 30 million people will be added to the so-called developed nations. 2 billion to emerging markets. how do we invest around that and make money on that incredible population growth? >> i think you want to be investing in themes that allow you to play growth and consumption in emerging markets. where you get a shift that the middle classes in the emerging markets, incomes rise, that's what we're most interested in. there are different ways of playing that, both through the retail story, through the tech story, i think certainly if you look at china and india, those are the two most attractive industries in a long-term view we think over the next decade,

china growth will slow but still average around 5% a year on average over the next decade india can grow at more like 7% annualized over the next year. >> how much is that the story? india, a lot of people don't realize this, in about 30 years india will have more people than chin china. >> i think india is the one major economy that can grow around 7% over the next decade it's hard to find anywhere else of that size that can deliver growth like that it's helped by favorable demographics and the urbanization rate is coming at a low level. as people move into the cities, incomes should rise and that should be supportive of the indian economy >> michael, appreciate it. we're just getting started on "wex. up next, another big surprise out of china

what their economy just did that has some of the most optimistic out there shaking their heads. and attention shoppers, clean up on aisle nine the supreme court about to hear a case that could be a game changer for retail details when we come back.

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you know what's not awesome? gig-speed internet. 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. you just cannot hold back the spending power of 1.3 billion people chinese economic growth topping expectations all this despite continued tough

rhetoric from the white house on trade. eunice yoon joins us live from beijing with more on china's big quarter. >> thank you very much, brian. cosmetics, clothing, furniture, chinese consumers were buying pretty much everything in the first quarter, and that helped to lift economic growth to 6.8%. the retail sales number was the standout they remain solid, even the momentum continued in march. other indicators such as investment, industrial output, those tapered. the strong report card in the first quarter has been stirring up debate here barclays believes a strong first quarter gives the authority wiggle room to clean up debt and the environment. jpmorgan, oxford economics say they expect a slower half in the seconds half of the year capital economics is a bit skeptical about what they describe as the numbers and

believes the economy is cooling down much more quickly than the government is letting on they all agree the big risk to the economy here is a trade war. in fact, the chinese statistics official actually addressed that issue saying that global uncertainty is the biggest risk to growth but also said china would be confident that it would be able to muddle through this that the trade frictions would not affect china's stable economic growth. there are signs that the trade disruption are looming a couple hours ago in an anti-dumping ruling xhchina concluded that itseu.s. sorgum s damaging to the chinese industry there will be restrictions , an

that may be bad news for sorgum as meal and for many chinese consumers who end up consume in sorgum, when they drink the national liquor here >> i think we said sorgum more in the last two weeks than 20 years prior. the u.s. working up a new trade complain against beijing the "wall street journal" reporting that the top trade representative is looking at ways to retaliate against china for restricting technology companies if that complaint proceeds it would be the third major trade action against china this year. streaming sports on television, saying we will roku. the latest battleground for your eyeball. and michael cohen's secret client has been revealed it has everybody in the media tain lkg. these birds once affected by oil

are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home . good morning 5:21 in the east thank you very much for joining us stock futures indicating a higher open, up about 146 points on an implied basis. commodities, oil little changed to maybe slightly higher gold down a couple bucks per ounce. not a terrible tuesday for commodities. some big individual stock stories include roku, that share

is jump after announcing it will offer espn plus. users can now get the sports streaming app for 4.99 a month or 50 bucks a year celanese also up big this morning. earnings were solid. they boosted their guidance. and lululemon has a new chief financial off social security appointing patrick guigo as the new cfo and the story you will hear more about today, another big executive departure at nike. the vp of diversity is out his exit the latest executive departure at nike. that company is working to overhaul its executive ranks. president trump set to meet this afternoon at mar-a-lago with japanese prime minister shinzo abe tracie potts has the latest. >> the president lost in court trying to look at the

information that the fbi seized from his attorney's office, so now shifting focus to this big international issue that could have an impact on american jobs. president trump in florida today meeting with japan's prime minister, considering doing a 180 on the transpacific trade deal, touting tax reform >> congratulations enjoy your money >> ignoring questions about allegations in a new book by fired fbi director james comey >> he's morley unfit to be president. >> reporter: in court the president and his attorney lost a bid to get evidence first seized from cohen's office the judge sided with the government >> the privilege review team will set stuff aside that the investigative team cannot have >> they're looking for evidence related to the $130,000 cohen paid stormy daniels to keep

quiet about an alleged affair with the president >> revealed in that hearing, a client cohen tried to keep anonymous. fox news host, sean hannity. >> it was minimal. >> you should have said that. >> reporter: hannity defended the president and criticized the russia investigation back to james comey. his interview, his book tour which is generating so much buzz here, president trump says he is disgruntled and that he and others at the fbi committed lots of crimes. >> tracie potts on what is another wild day inside the beltway. appreciate it. let's check on some of the other stories outside the world of business and money. fiphillip has those. the head of the u.s. border patrol says national guard

members who have been appointed to the border may arm themselves for self-defense use of military force at the border is a sensitive issue after the 1997 killing of an american citizen by a u.s. marine. outraged protesters descended on a philadelphia starbucks where two black men were arrested accused of trespassing. the starbucks ceo was on site to try to ease tensions the store manager who called police is no longer at that store. and senator john mccain is recovering this morning after undergoing surgery for an intestinal infection he has been going through physical therapy at his arizona home as he recovers from the side effects of brain cancer treatment. brian, back to you all right. still to come, it looks like the amazon ceo is throwing shade at the president. we'll tell you what he said

coming up after the break. and this is a little disturbing facebook finally revealing how it collects data on you even if you have never posted to facebook you have t hear this ♪

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welcome back could be another nice day for u.s. stock investors why do we say that wall street pointing to a higher open trade fears taking a back seat to what have been blow out

earnings. the supreme court about to make a major decision that could be a game changer for retail. and facebook facing a class action lawsuit over facial recognition on this april 17 th, the day apollo 13 safely landed in 1970. the second half of "wex" touches down right now ♪ welcome back thank you for being with us on cnbc i'm brian sullivan here's how your money looks now. solid earnings news trumping everything else in the headlines. the dow indicated up by 150 points the nasdaq and s&p on the rise the bond market, we normally talk about the ten-year yield. i want you to focus on something shorter term that is the two-year note, 2.39%. you're thinking why do i care

about that you care because it's the highest level for the two-year in nearly a decade short-term borrowing costs continuing to rise that could slow down the economy of corporations forced to pull back on lending. your cryptocurrency check. bitcoin up about 1%. ripple up 3% you have certainly seen stranger things than what will be your top money story today. that is netflix. shares of netflix up again today. the company adding 7.4 million new subscribers globally last quarter and sees another 6 million added this quarter revenue surging and so are the number of original shows it produces netflix adding 18 new programs last quarter i think streaming taking the crown. sticking with media and technology, some early morning calls for you. pivotal research upgrading disney from a sell to a hold and downgrading time warner from a

hold to a buy. both of those moves part of the same call. pivotal says it sees weak fundamentals for the video se secent ish cent centric media owners the supreme court will take up a big case today that may have an impact on the future of online shopping. courtney reagan has more >> at 10:00 a.m. the u.s. supreme court will hear oral arguments in the case of the collection over sales tax for online shopping. the outcome of the south dakota versus wayfair case should change the standard throughout the u.s. dictating when sales tax for online purchases is collected. the current standard is from a 1992 supreme court ruling, it says the company has to have a physical presence in the state, like a store or distribution center to trigger the

distribution of sales tax. today's standard is based on a decision years before e-commerce represented about 10% of all purchases as it does today so two years ago south dakota sought to rectify lost tax revenue and level the playing field in its own state by passing a law requiring retailers to collect sales tax if they have more than $100,000 in sales or more than 200 transactions in the state. south dakota sued online only retailers, wayfair, overstock and newegg over the issue. the three argue that they don't have to collect the sales tax because of the physical presence test in a statement wayfair says it collects sales tax in 80% of what it sells already and firmly believes a legislative solution that creates certainty and addresses the concerns of all constituencies is the best way to move forward. we will continue to advocate for

a legislative solution and level playing field where all retailers collect and remit sales tax on the same basis. a decision is not expected until late june. many companies do already collect sales tax, but many don't because they harken back to this hold 1992 supreme court ruling >> incredible. stick around here. joining us is jan rogers jan, it's early. this is amazing actually that the supreme court might change nline retailing because of a law or a rule from 1992 related to mail order products in south dakota. >> that was in north dakota, actually this one is south dakota >> the dakotas are representing. >> that was quill versus north dakota they basically said we'll just follow the law as it has always been written they took it to court and said yes, we believe, unless you have

a physical presence in the state you don't have to collect sales tax. that was 1992, as you said had they gotten it right that time we wouldn't be here today and we would probably have slower growth of online sales because every state where amazon started collecting sales tax, their growth rate dropped in that year by about 10 percentage points >> amazon does collect they have chosen on the items it owns to collect sales tax. >> they didn't choose to they're stuck with it. they're in every state now they didn't get there until 2017 >> but -- >> they could have gotten there in 1999. >> a lot of consumers when they go on amazon.com assume they're buying from amazon that's not always true half the time they're buying from a third party seller, those are the folks who are not likely charging you sales tax >> but it is on the amazon platform it's just you selling to me, and he's jeff bezos.

>> sometimes consumers are paying tax online. it just depends who is selling you the product and where physically that product is and where physically you are >> remember, when they decided this case the first time they said there was too much of a burden to collect the sales tax. >> because there's 12,000 different districts. >> now it's all automated. do you think amazon couldn't collect it for those 50% if they wanted to? of course, they have the systems do it. in 1992 nobody had the systems to do it there's no reason not to make this decision now that says if you're selling online, step up to the plate all of these municipalities are going broke. >> are millithere are millions businesses in this country i got to imagine a lot of people are rooting for this, not rooting against amazon per se, but argued to you, to you, to me, to cnbc that it's an unfair tax playing field. that's how they feel >> exactly >> in most states you owe the

tax any way. you just don't pay it. you're supposed to pay it, but nobody does. >> it's a use tax. >> someone should be collecting it, making it equal for everybody. the states would have more revenue. >> i'm asking will this help mom and pop at all >> no. >> that little retailer struggling -- >> i don't think so. >> why not >> i do think it would have slowed it down from 1999 to now had it been the other way. now we're there. everybody is buying online >> this case could be too late >> too late to make a difference >> the government accountability office says there's $13 billion lost just last year in sales tax that could have been collected that wasn't. that's a lot of money. but i don't know it's going to help mom and pop you still have the other fundamental forces of retail at play >> it will help the states and municipalities >> that's true >> that's a big deal if you're losing $13 billion a year and

growing. >> to help keep some of that locally shopped revenue, tax revenue in your localities >> to support infrastructure and all the things you need to be a mom and pop, brick-and-mortar retailer locally >> exactly >> totally off topic walmart, a whole new website today? >> yeah. before they told us they would launch a redesign sometime this year >> have you seen it? >> i've seen two screen shots. it will not be rolled out until may it will not be the same for everyone in all places at the same time. as these things are. it is much more simplified on the home page and much more personalized >> amazon has the best website in the world >> when are we going to get off the amazon web train they're amazing. >> they are. >> no matter what walmart does

online or omni channel, i'll make you put a dollar in a jar every time you say that -- >> i'm a big fan of terry lundgren >> is it too late because there's 70 million prime members already, and why would i shop at walmart.com no matter how good they are when i'm just locked into that amazon ecosystem >> no. >> it's brainless at this point. >> it's not too late walmart is growing twice as fast online as amazon right now >> a much smaller base >> but four times as big as amazon is in total they have enough capacity to do anything they want to do they don't have to answer to shareholders it's not like somebody will come after them if they're spending too much money online or buying something like jet.com for $3 billion. they need to play in this arena. they have the ability to

>> we need to remember that not everyone in the world has an amazon prime membership, and there are many people who shop at walmart that may not have a prime membership but may be interested in transitioning online or may be interested in doing that omni channel. they want to order online but pick up in the store because it's just as fast for them to swing by the store -- >> we have to go here's the weird thing about the midwest. >> we don't have to go >> the sort of wealthier suburbs are the amazon prime customer, i'm sure that's true but having, again, all the midwest stuff, when i go to northern wisconsin every summer, amazon is better there than where i live full time because i can get everything i need here i can't get everything i want in the woods of the cheese state. >> i think walmart would also like to sell you those things. >> walmart is the only store left in that town. >> there's that. they would argue you don't have to pay a membership and they'll get it to you in two days as

long as you spend $35. >> amazon is the biggest threat to amazon, and walmart is the biggest threat so amazon if you're an amazon prime member would you still look at buying elsewhere? >> i'm an amazon prime member, i buy from walmart >> you're a retail analyst >> no, in real life. >> compare prices. they're not always cheapest on amazon.com >> and jan kniffen, thank you very much. your top trending stories today include the amazon guy, the world's richest man, jeff bezos and a first in the world of rap music kate rogers is back with us. >> the feud between the president and jeff bezos is continuing after the announcement of pulitzer prize winners. bezos threw some shade the president's way congratulating the "washington post" and the "new york times. bezos eluded to two stories that

irked the president tweeting great reporting requires patience and grit and a willingness to follow a story wherever it leads, whether alabama or moscow. and kendrick lamar made history yesterday with his win in the music category for a pulitzer price he became the first ever rapper to win the category and the first winning musician to have a number one album go platinum. task rabbit, the service that lets users reserve a handyman has taken its app and website offline. if you head to the site, will you see a security update. yesterday the company e-mailed customers advising them to change passwords while it investigated the incident. and the national zoo is celebrating the birth of a baby gorilla. the first one born at the zoo in nine years the zoo released video of the baby being hugged and kissed by his mother back over to you from. >> cute stuff.

kate rogers, thank you very much now to the world of sports thousands of hard-core runners, and i mean hard core because the weather in boston yesterday was terrible they didn't care they ran the boston marathon any way. for the first time in 33 years an american woman took home the top prize. des linden finished first. on the men's side, a japanese man took the top spot. if those times don't seem amazing enough look at the weather. 40 and raining with the windchill below zero folks, most of us couldn't drive that far in that time in that weather. coming up, how facebook gets your data even when you never posted on facebook the company finally answering a question that no doubt many of you have probably had. it may disturb you a bit more. s. with godaddy

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you come in on a tuesday, you think it will be slow and boring all the analyst calls are rolling out hitting the tape early. if you're a twitter shareholder, listen up. you're getting a premarket pop you got an upgrade at morgan stanley. the firm saying that improved user growth making twitter stock more attractive, upping its price target to $29 a share. the stock is at $29. it's a 3% move for twitter stock. a number of wall street

firms initiating coverage on dropb dropbox. goalman calls it neutral, with a call of 27 jmp securities saying the market outperformed key bank arguing that investors should be overweight dropbox majority of calls are positive. coca-cola getting an upgrade from goldman sachs in retail, dollar general upgraded to overweight from neutral at jpmorgan. newell brands upgraded to outperform, analysts saying the company could take more than expected from divest chores. morgan stanley upgrading merck, they have a positive drug cancer

trial yesterday. a lot of stock calls only 5:46. let's talk more about the f.a.n.g. stocks. f facebook facing a class action lawsuit saying they illegally used facial recognition tools on photos without permission. facebook is out with a new blog that explains how it could collect your data, even if you have never ever posted on facebook cnbc's arjun kharpal joins us with details you tried this out and you were spooked. >> very spooked, actually. let me run you through what facebook said in that blog post. one question last week from lawmakers was can i be tracked even if i'm not logged into facebook or never had a facebook account? the short answer is yes. if you ever liked something on a page that has the facebook like

button, if you ever logged in to a page using your facebook log in or if you have been on a page that uses facebook advertising tools, the likelihood is you have had information sent back to the social network. facebook provides tools to companies such as retailers and other websites advertising tooltool tool that help them target consumers. you look at a dining table set on another site, you go on facebook, and there you have a dining set and advertising for dining sets. this is about the idea that facebook is following you around the web. i had a look at some advertisers i had access to. apparently i was interested in pizza, other foods and gaming. that's something i did not realize how many retailers and companies have actually had data from me and are using it to advertise. that's something i'm looking

into now and revoking some access about that, but it's a question about how facebook tries to regain the trust of users by being more transparent saying this is how we gather data on you, this is how we share it, these are other actors gathering data this is part of a big process from facebook to regain trust from users in the wake of the cambridge analytica scandal. >> this is a question a lot of people have had, they say i'm not on facebook recently, i'm googling this, searching that, then i'm getting ads we all understand that's how google works if i g-mail you, arjun, you want to go to the arsenal game next weekend, and we get tickets and ads own the browser. so this extends off the browser to facebook. >> yeah. for me, i think for many people, i think it just shows the dominance and how you cannot escape some of these giant internet companies that have these vast amounts of data and a far reach across the web

this could be a real wake up call for a lot of users who may start looking at some of their privacy controls and data their sharing. for investors, they'll look at facebook and say what kind of impact is this going to have on the way users engage with the plat tomorrofor platform will they be more knowledgeable about what they're sharing and how across the platforms, and will that ultimately affect the user numbers the focus is on some of the upcoming hearings in europe with gdpr, the further testimonies that mark zuckerberg has to give some lawmakers have demanded he come over here to talk to lawmakers, and of course earnings next week as women. well.

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congress on this tax day no tacks for everybody, right? >> it may be april 17th, but at the risk of sounds like a geico camel, do you know what day it is it's tax day if you have not paid your taxes yet, look out. today is the day we'll be coming to you to talk about all the change, is that are coming to taxes for next year. if you filled out long forms this year, frustrated by it, potentially next year you may have an easier process we'll have some information on what to expect next year we have representative kevin brady, so active in pushing that tax bill he'll join us along with kevin mccarthy and house speaker paul ryan steve mnuchin, the treasury secretary. mick mulvaney, representative steny hoyer. we have senator david perdue

many more names. all of them coming to you from the capitol. you may have been here before and wondered how they keep the floors so shiny as you walk through. i know the secret. i saw it this morning. you know what it is? >> what? >> a zamboni >> the congressional zamboni >> yeah. it's pretty amazing. first time ever i have seen it >> that should be the morning rbi. i can't wait to see the show and the shiny floors. joining us is darrell cronk from wells fargo i will ask you this, how is the stock market continuing to rise every single day the last couple of weeks is it all earnings >> i think it is anticipation of earnings what i have watched lately, the real barometer for earnings is a

couple things. one is what companies will give us for forward guidance and how much trade tariff talks depthed expectations for q2 and revenue growth revenue growth continues to inch higher for this quarter. that's a good sign that's the most pure sign of demand in the economy, even more so than the benefit of taxes >> why you are optimistic on trade and tariffs, and not hurting the economy? >> optimistic, i don't know. but you have to look at it in an even-handed way. at this point it's all rhetoric. 150 billion has been proposed. even if that were to be implemented tomorrow, brian, recall that 200 billion worth of stimulus comes in fiscal year '18 from tax reform, and another 100 billion from the budget that we just passed in january. that's 300 billion even if you got the 150 billion of tariffs, you would still have a drag -- a net benefit to the

economy. >> a bit short, but we have to leave it there we'll post your rbi to social media. "squawk box" is next 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.

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good morning dow futures pointing to triple digit gains as we get ready for a busy day of earnings we'll bring you reports from two dow components in the next hour. netflix shares soar. the company adding more u.s. subscribers than expected. we'll dig through the report and happy tax day. we're live on capitol hill talking to lawmakers and white house officials about the economy, trade, the legislative agenda and the latest beltway buzz stories it's tuesday, april 17, 2018,

"squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen we are coming to you live from capitol hill in washington on tax day. we have a big lineup of guests directly responsible for allocating your tax dollars. >> like who? >> including house speaker paul ryan, kevin mccarthy, senator david perdue, treasury secretary steven mnuchin >> stop. stop more >> are more. mick mulvaney,