good morning it's 8:00 a.m. at facebook headquarters in menlo park it's 11:00 a.m. on wall street "squawk alley" is next ♪ >> good thursday morning welcome to "squawk alley." i'm carl quintanilla, morgan brennan and jon fortt. u.s. tech editor at the economist and jason ca lckalika.

after q1 results blow away estimates after facing the worst crisis in the company's history, expecting to add users last quarter. on the call mark zuckerberg promised on improving the user experience. >> only investments we're making to secure or platforms, we're going to invest even more in building experiences that bring people together on facebook in the first place. next three years, we'll keep building facebook to be a service that people not only love to use but one that's good for people and good for society. >> so let's open the conversation here, guys. alexandra, obviously, the numbers, the metrics this quarter are well above what anyone participated. question is, is it too early to see the effects of what they've been through the last few months >> the recent quarter takes in only about a couple of weeks after the scandal hit. so, it broke in mid march. i think that's important with that said, i think it's

unlikely that the scandal, if it's contained and if we know the extent of it about cambridge analytic sbachlt outsi analytica and outside firms, they're likely to contain it the question is, will we see the other shoe drop? will there be another cambridge analytica type issue that they don't know about it? >> they've dodged this bullet, haven't they let's be honest about his. washington has moved on. it seems two or three other scandals since this, whether you're looking at the va secretary or anything else facebook is in the driver's seat when it comes to the crafting of regulation they've got gdpr in hand despite all these complaints i don't see a lot of people in my feed dropping off. >> yeah, you're exactly correct. i think the masterful performance that zuckerberg put on, i think, makes the issue a nonissue going forward

i don't think regulation will do anything but cement their position 2.2 billion people they grew 13%, quarter over quarter. they're printing money if you look at the competitive landscape, that's really what i look to look at, who will challenge this company in the market, putting aside regulation i don't see a competitor in the market that's going to compete with them. there were four viable competitors, instagram, what's app, snapchat and twitter. they bought two of those and then they gave evan speegle the sell or die ultimatum. he took die. his can company is getting massively copied, massive headwinds against him. zuckerberg wins again. big companies win again. if you look at what kudlow said today -- amazing hit, by the way. it's very important for people to watch that again. this is a very pro-growth and pro-trade administration despite what trump might tweet and the bluster and the negotiating tactics, i think it will be less regulation and people will be able to go faster

and operate on a global basis. the only downside, really, from facebook, is hiring. people may not want to work ate company that they consider like a cigarette company or oil company. you're just a bad actor. it might hit m & a i don't think they would have been allowed to buy what's app or instagram, would have gone through a tougher filter that company is going to soar. it's just obvious. >> alexandra, on the call, management declined to discuss how much time users are actually spending on the site in the fourth quarter that number had declined 5%. how much do we read into the fact that they're not disclosing that data this time around >> i think that they have a real issue with core facebook if the engagement figures continue to decline and the time spent per user continues to decline, they may, in the long run, have an issue with advertising. i agree with jason that in the near term ad revenues are just

soaring. we're not seeing a near-term impact from usage decline for core facebook. and instagram continues to grow. analysts are putting estimates for sales, for ads on instagram at $15 billion this year so long as instagram grows, they're going to be able to offset any engagement issues with facebook. >> alexandra, you made the point earlier about whether there's another shoe to drop the idea that there will be another episode -- another cambridge isn't really in dispute, even among the company. once they work through some of these audits thinking that a follow on to this or another example will not be as damaging >> what they said is they're going to -- sorry. go ahead. >> no, you go ahead. >> what they said is that they're going to look into third-party apps. they haven't suggested the extent of data sharing i think that if they are ultimately disclosed, either

politically damaging data sharing or the extent of another huge issue, there could be a problem. so far, they office gated it because mark zuckerberg knew so little about its business in the congressional hearings. >> another important backdrop to this is that while facebook is facing increasing costs because of security and monitoring of content, google is seeing higher traffic acquisition costs at the same time. if you were to look at another company in the space that has broad reach across users, the other powerhouse has higher costs. investors just sort of have to deal. >> few places to go if you want that kind of ad management, so to speak moving on to the broader tech sector, it's been a tough week for fang, lost roughly $85 billion in value in a single session on tuesday nasdaq is recovering some of that today with the help of facebook and qualcomm.

alphabet has been the biggest drag on fang alphabet, on the other hand, is up today jason, if you were to sort of characterize the overall health of fang, where are we? >> they are super human. they are unstoppable and the moats are deepening and widening for these businesses just go down and look at their core product, whether it's search or video, social networking, e-commerce, cloud computing, the leads are getting wider and the competitive set against them is really diminimus. there's nothing to stop these companies. i don't see anybody being able to slow down google. facebook, we talked about already. we'll see what happens if any other shoes drop netflix is the only person in the -- the only corporation in the fang that actually has a viable competitor. and that's disney. when disney flix comes out, i do think that people are going

to -- some people will make a decision between both of those services overall i think most people will pick growth. the growth of netflix and that flywheel is incredibly hard to stop if they just pour that money right into building their library, they'll have a huge library of content, which then makes the service, you know, easier for the service to get more subscribers that's that positive flywheel that feels unstoppable at the moment if you look at pricing power, netflix has consistently raised their prices and so has amazon prime. that's the great way to tell the health of these businesses, if they can keep adding $2 or $3 to the services and the price while adding more value and people don't churn, that's an incredible business. >> jason, i think you're right a lot of consumers are potentially going to choose to do both those streaming services amazon -- excuse me, netflix and disney but the idea that amazon is in

this game, too and just the fact that there's so many different businesses, alexandra, that amazon is in, what are the key things to watch when we get those results after the bell aws, but what else >> i think that amazon is really trying to position itself increasingly as a subscription business e-commerce is a low margin, high volume business. jeff bezos in his recent letter pointed out that they now have 100 million prime subscribers. i think having a sense of the scale of that has been very helpful and exciting to investors. and i think you can think about aws increasingly as a software business with recurring revenue. to the extent we're able to rethink or redefine amazon away from being just an e-commerce platform to a company that's trying to sell everything and going to other businesses but also try to find recurring revenue, whether it's online video, e-books, music or other areas. >> you bring up the idea of what's going to stop fang.

one possibility is fang. eventually, this could turn into a game of musical chairs for them they are all trying to compete, to some extent, in content perhaps in the cloud eventually, one of these could really start to chip away at the other. though it does seem like we're several quarters away from that. >> yeah. if you were going to make that bet, you would have to make the bet on amazon as being the last company standing but, you know, most markets can have two or three competitors. if we look at fang specifically, three of those companies have very robust cloud computing offerings and netflix. this is how it's gotten. netflix, part of faang, will move from amazon's cloud to google's cloud m & a will play a big part in the coming years obviously facebook ran the table on acquisitions, getting what's app and instagram. google used to be great at

acquisitions, getting android and youtube. lot of great assets. we'll find out what happens in the coming years amazon is burdened with that whole foods acquisition. you don't see the walmarts of the world and the other small companies that are not part of the faang making these moves, building businesses and doing m & a. this is a whole new company that the world has never seen. >> alexandra, it sounds like you want to add something there. >> i think we might have lost alexandra. >> yeah. >> cover business week is about alp alphabet the headline is youtube's plan to clean up the mess that made it rich. if you were going to single out a potential casualty within faang, would it be alphabet or no >> i don't think so. there are too many smart people,

too much money and too many moon shots. if any of those moon shots hit you could be adding another youtube, another android, another chrome so many business lines that are over a billion users that i don't think it's going to happen the youtube case is extremely ininstrui instructive. we were sitting on air when the tragic shooting occurred there and were all speculating in our minds, what was this about, and it turns out it was about censorship and, obviously, a deranged individual. i think that issue of how do you manage paying, you know, tens of thousands, hundreds of thousands of people in your ecosystem and keeping the rules fair is something that these companies have no idea just like zuckerberg has no idea, you know, or had no idea of how to really manage the ad network, i don't think youtube has a very good idea of how to manage their customer base of creators they keep changing the rules and you see the anger from whether it's the right wing upset that they're being deplatformed with

alex jones or, you know, just the recraters themselves saying why was this video that i put up about a sensitive topic dem demonetized, i can't make money off of it, but cnn's video was just fine? they need to learn how to apply rules sensibly and fairly. >> not alone in that club. jason and alexandra, thank you for talking tech and starting off the hour another one to keep an eye on, jon, you've been come covering this for a while, microsoft and cloud. those earnings after the bell as well. ceo of qualcomm sitting down with our david faber the exclusive comments you can't get anywhere else. the nfl draft starts tonight. nfl super agent drew rosenhaus joins us with his predictions. we might find out why gronkowski is coming back for athnoer season stay tuned stay tuned more "squawkeal time.

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because of those ongoing disputes with apple and waway. joining us now with more david? >> one thing after another for this company, as you well know, jon. the latest is still dealing with the anti-trust authorities in china, trying to get them nxp approved and ongoing litigation. we can get to talking about the underlying business as well. i talked to mr. mollenkopf about the deal he did indicate that at least his belief, eventually, it will be approved by regulators in china. i asked him why. >> a couple of things. one, there are real talks going on between washington and beijing. i think mr. kudlow confirmed that that's consistent with my view as well. also, if you look, we've had eight of nine jurisdictions rule, the remaining one is china. and if you look, i think it

would be a very unusual situation for the rest of the world to approve something and then china not do it that being the case it's not a great environment for big deals to get done at this time but in 90 days, it can be very, very different i would remind people the importance of the technology that we work on not only to, of course, qualcomm and qualcomm shareholders but to the chinese market as well. >> 90 days fewer than that at this point. the clock did begin ticking. will, in fact, things at the higher levels above the anti-trust authorities in china change enough so they say yes to the deal mr. mollenkopf believes that will be the case and they indicated they would initiate a 20 to 30% buy back if they're unable to close within those 90 days apple, waway not paying them huge device makers use or license the chips that are

saying hey, we paid too much and want to renegotiate. that will hit the courts at some point in the not too distant future i asked mr. mollenkopf whether or not, in fact, the deposition of tim cook, apple's ceo, in the not-too-distant future might motivate settlement talks. >> i think in all cases people don't like to have legal risks hanging over their head. as you get closer to the legal milestones, perspective of both companies, including qualcomm, is such that the environment gets better to get a settlement. whether that occurs in this case, we don't know. we have active dialogue with appl apple. >> he didn't tell me too much about that active dialogue with apple. you've been following this closely as well, jon stock is up a little bit it had been down earlier no shortage of challenges facing mr. mollenkopf. >> qualcomm, as you pointed out,

believes they have major leverage qualcomm in this situation is the new england patriots of this kind of intellectual property litigation they've done it around the world. they do it all the time. they tend to win not every time but they tend to win. they believe now that it's game time, they're going to be able to twist a few arms. we'll see how it works out. >> we will i brought up the fact that they're considered a national champion if you want to call it that. >> also likethe new england patriots. >> i'm just saying. >> not this year. >> they do not win them all. >> a lot of football fever happening on this first day of nfl draft. >> that's right. >> david, thank you. great interviewing as always david faber. it's been a busy morning on cnbc we'll round up what we heard from ceos with major companies out with earnings from southwest

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welcome back to "squawk alley. we've been speaking to ceos all morning. first up, chipotle shares surging this morning, up more than 20% after beating on earn i earnings, first quarter under new ceo brian nickle, he spoke about how he sees more growth and opportunities ahead for the company. take a listen. >> chipotle has tons of opportunity for growth as it relates to getting more people into the restaurant, driving transactions, driving the top line, building more restaurants, expanding our margins. the thing i'm excited about, he sees the same opportunity i see. you have a brand that people love you have a food proposition that people say is cravable and then we're uniquely positioned with how we approach the integrity of

those ingredients and prepare it fresh every day. >> now, i think it's very interesting to see this stock having one of its best daily performances since the ipo and it really just speaks to what a new ceo with a new eye on things like marketing could do for a company that's been hit so hard the last couple of years. >> that is true, these aren't his results. he can't kind of fully own them yet. they are getting a -- my question is, what happens when there is that next shoe to drop and chipotle, there seems to be no shortage of shoes dropping on chipotle that's when we will see his marketing chops really tested. >> it's true so far today, stock is up 24, almost 25%. >> amazing you have exclusive comments from southwest gary kelly he admitted there has been some softness in booking since flight 1380 and that accident here is what he said about

improving engines. >> as of this morning we've inspected over 80% of our fleet, including inspections that we had already undertaken, dating back to late 2016. so, we're on a very accelerated cycle, compared to what had previously been done in the industry, which is to look at engines and these fan blades, roughly every 18 months or every 3,000 cycles so, yeah, i feel very comfortable what we're doing. >> still sees the current quarter unit of revenue under 33 hard to say if it's coming from the fallout of the accident or united is installing more capacity you talked at length today, morgan, about it what a change. >> speaking of other ceos we've had on our air, other companies that have been leading that weakness in transports, it is

some of the railroad names like union pacific as well. so, some very interesting comments in that interview last hour. >> all right let's get to seema mody, back at headquarters, who has the european close seema? >> jon fortt, european stocks rebounding from yesterday's decline thanks to mario draggi, that has pushed the euro to lows not seen since january 121 against the dollar mark chandler says in frankfurt. ecb policymakers needed to have a better handle on what caused moderation in economic growth before deciding the next steps for its bond-buying program. in terms of stocks in today's focus, let's take a look at the auto sector among today's gainers. volkswagen higher after posting a rise in quarterly sales after overshadowing missed due to accounting change.

vw's ceo says revamping of the automaker is on track and fiat chrysler says its quarterly products jumped as shipments rose by 35%. norwegian air sayi ining saefrl parties are interested in the company. and lufthansa, that stock down more than 5% royal dutch shell also in focus. it's falling despite anearning beat as cash flow missed expectations that stock down about 1% and we finish with german chancellor angela merkel, who will visit president trump at the white house. with macron we saw somewhat of a bromance with president trump. we're not expecting the same warm body language when merkel

comes to the white house tomorrow this will be a much more serious low-profile working summit where trade and iran will dominate talks. we'll have to see. back to you. >> thank you, seema. when we come back, facebook saying it saw no user slowdown as a result of its data scandal. stock leading a rebound in tech today. is the social giant still considering branching out from its ad-reliant business model? we'll talk about it. first before the break taking a look at the dow, it is up about 187, 188 points "squawk alley" will be right back

good morning once again, everybody. i'm sue herera here is your cnbc update at this hour epa chief scott pruitt testifying on capitol hill where he faces questions about spending and ethics scandals that have triggered bipartisan calls for his ouster in his opening statement he said he had nothing to hide. >> facts are facts and fiction is fiction a lie doesn't become truth just because it appears in the front page of the newspaper. much of what has been targeted toward me and my team has been half truths or, at best, stories

that have been so twisted they do not resemble reality. >> a train crashed into a school van at an unmanned railroad crossing in northern india, killing 12 children. the driver of the van was also killed the children were on their way to school when that crash happened here at home, arizona teachers and education advocates marched in front of the arizona capital wednesday. the demonstration was meant to highlight low teacher pay and low school funding another rally at the capital is scheduled for today. you're up-to-date. that's the news update this hour back downtown to squawk alley. morgan, back to you. >> these teacher rallies seem to be catching on. >> they are, across the country. >> thank you. >> you got it. facebook shares shoring on better than expected results what is next for the social media giant? julia boorstin had is in los angeles with a look. julia? >> reporter: facebook has seemed to shrugged off the data scandal

both with users and advertisers. >> in the immediate days of the concern, we heard from a handful of advertisers who then already has come back. we haven't seen a meaningful trend or anything else since then they want to make sure they and their customers' data is protected and we're able to answer those questions in a compelling way. >> with the stock up 9% today, we've seen half a dozen analyst price target increases we've only seen two lower. we expect more headlines and lawsuits from privacy advocates but the likelihood of worst case fears declined meaningfully. jp morgan saying we viewed 1q earnings as a providing a sigh of relief. a number of analysts focused on facebook comments about upcoming european privacy regulations

will cause european useers to be flat or decline next year. the company may not be out of the woods just yet and just this morning, facebook cto admitted in a hearing with uk law marks that they did not read all the terms and conditions of the app that improperly shared user data with cambridge analytica. as facebookworks to put this issue behind it, they're committed to sticking with its ad model sheryl sandberg said they would consider other ways of making money other than ad advertising including pore tension subscriptions. back to you. >> judging by the stock they may not be out of the woods but they're hosting a party and roasting s'mores this morning. citi's senior analyst mark may and ken senna. ken, how do you look at faceb k

facebook's risk now? most in the analyst community were saying it should have been all along, on the way to the 200s if not there yet, back to those levels from early february but is there a sense that there are only so many more scandals facebook could stomach before the stock really did or would take a big and lasting hit >> i think there's still some uncertainty. they mentioned that the amus and aus, particularly in europe. you might see some effect next quarter. to sheryl's comments there are still comment questions that users and triezers have. what it can offer to users, overall, they're in a relatively good position. for the industry, data portability will likely go down. and fewer companies will be able to manage the risk with all the data sharing that's going on the company did a very good job staying on message and explaining how they're making these investments. i don't think it was a big

surprise to investors. but i do think that when you're looking at the absolute numbers in terms of the spending that they are talking about, it takes a lot of focus and a lot of commitment as they are going through this process right now, investors to some degree are looking at that and saying we'll see if they can spend that much money. >> mark, they're not alone in taking on increased costs. google has higher tack these days as well they say that will tail off eventually investors aren't looking to participate in this digital economy have some place to go where costs don't seem to be increasing somewhat, right >> yeah. i think amazon, google, facebook, they're investing heavily in their businesses because they're optimistic about the opportunities that are out there. probably the one difference would be facebook, which the investments are viewed a bit more defensively obviously with google, they're investing in things like ai, new

hardware and other businesses that down the road could drive revenue growth attached to these investments. whereas with facebook, a lot of these investments are to shore up the core business we're certainly below their guidance in terms of expense growth and expect to see some positive surprises throughout the year as we progress. >> ken, you think about changes to the news feed and the way they're trying to engage their users on the platform again, you think about increased spending and you think about this idea of doing more self policing on their sights to me that sounds like a situation where demand, advertisers, is going to outpace supply that sounds positive from what facebook, long term, will be able to get from advertisers.

>> in the end as far as what advertisers are willing to go along with in terms of those pricing increases has to be consistent with the performance thatfacebook is able to delive to them. the data targeting, policing and everything else is all important in that. mark talked a lot about during the senate and congressional testimony around ai and the ability to start to layer that in over time you can see their efforts and ability to deliver that to advertisers will support higher advertising. >> if there is a risk, it's government and the fallout is likely to be, if anything, related to recruitment of employees and potentially to m & a. i wonder if either of those things makes sense to you. >> certainly increased scrutiny by regulators, you never want to see that if m & a is a core part

of your strategy facebook has a lot of opportunities with the assets they have already. core facebook asset, instagram, what's app, messenger and others it probably does but their share of the overall ad market is still diminimis certainly it's not moving in the right direction. >> stock moving in a positive direction this morning at face book mark, ken, thanks. >> thank you very much. >> when we come back, he has been named the most powerful sports agent in the world. drew rosenhaus represents gronk, among other. dow up 164 best day for stocks since about april 17th back in a minute

i'm scott wapner top of the hour, apple under the knife. what top analyst tony saganaki did just before the earnings report plus, is facebook's blowout enough to restart the faang trade? call of the day is ready for takeoff. at least according to the analyst behind the move. do our traders agree see you in about 15, carl.

>> thanks, scott let's get to rick santelli, meantime. >> good morning, carl. i would like to welcome peter bookfar. thanks for joining me this morning. >> thanks for having me. >> mario dragi's big day boom rates dipped under 60 the shots didn't do too much their curve, unlike ours, is not nearly as flat what did you hear from mario dragi? >> a guy who still is extraordinarily dovish, who sort of tried to explain and acknowledge the recent softer data but still remains confident in his ability to generate higher inflation we're now closing in on four years of negative interest rate s and he still doesn't seem to have much of a plan other than trying to get the cpi number closer to 2% then he runs the risk of running into the next downturn with

negative interest rates still and a massive size balance sheet with qae not even over for him to say they didn't even discuss what they're going to do with qe and they're going to wait until jun seemed bizarre to me. >> i couldn't agree with you more the big catch phrase not that long ago was synchronized global growth is it safe to say, at least in some hiccup form, we have a synchronized global slowdown i would offer the following and you could agree or disagree. i think the u.s. pulled the world into that globalized synchronized growth and our hiccup has been being owed and exaggerated outside our economy. would you agree with that? if not, what do you think is going on >> that's a good point even europe's slowdown -- they had a great 2017, growing closer to 2.5 if they're backing off to about 2, for europe that's still pretty good growth the u.s. is not able to

accelerate past its 2, 2.5% growth rate in light of tax reform and all the hopes we would somehow get to 3 asia, on the other hand, continues to chug along. global growth is still there i just didn't think we're seeing the acceleration a lot of people had hoped for. >> you know, when i look up and look at the ten-year notes, they're still hovering close to 3% i'm always amazed at how they stop at important levels 303 so far intraday yields that was the highest close since 2013 what is your outlook in the near term, next quarter or so, for ten-year note yields >> i still expect the trend to be higher. i think that in analyzing the inflation situation, where i continue to see inflation pressures building, it seems to be counter intuitively being reflected in the shorter end because the more hotter inflation that we get, it means that the fed will continue on their path on the short end. the long end is still being tugged between worries about the

lack of acceleration of growth, tariffs, moderation in europe and the drag from still very low interest rate overseas i still think the trend across the curve is higher interest rates and i expect the ten-year to get through 3% convincingly at some point by the end of this year where it goes in the next quarter, i don't know exactly. >> excellent excellent. i can't wait to see gdp tomorrow and communicate with you, see what your thoughts are we're expecting roughly 2% thank you, peter bookcvar. jon fortt back to you. >> thank you

nfl agent drew rosenhaus when we continue play "do it like this".

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nfl draft kicks off tonight, the crown crown on the clock with the first overall pick. both the new york giants and the jets in the top three. joining us is drew rosenhouse. >> what's going to be the head line tonight >> well, it's always the first pick of the draft. and of course, this year, i'm expecting more trades and more movement more uncertainty than any draft i can ever remember. this is my 30th nfl draft. here in dallas, i'll be in the green room with two of my

clients tonight. rashon evans from alabama and connor williams from texas there's just so much excitement. there will be like 400,000 fans inside and outside the stadium. this will be the biggest most exciting draft in nfl history. >> drew, what's your perspective on the business of football right now? is it back to the game, or is this still kind of this political controversial overhang on everything? >> i think it's back to the game i don't feel there's ever been any more excitement from fans and people who love the nfl. the draft is on fox, espn and nfl network. over the next three days, it's unbelievable who could -- whoever imagined an nfl draft on prime time on three different networks it's insane, how popular the nfl is in this draft process it's really exciting and i'm happy to be a part of

it, obviously. >> drew, i want to get your thoughts on lamar jackson. in recent weeks he said he's going into the draft without an agent. he's a tom-five quarterback. do you think that's a smart move do you think we're going to see more players do that >> well, i think a lot of lamar jackson as a player and person and expect him to be a first round draft pick tonight do i think it's smart to go without an agent i'm an agent, 99.4% of all players have an agent. even eric winston the president of the players association has an agent, me so, at the end of the day, i think it's a very good idea for a player to have an agent. whatever money you think you're saving by not having an agent, believe me, an agent will make a difference in contract negotiations, off-the-field work and having someone with great experience to help you will the

very challenging proflgs the nfl is very tough. and it makes sense to have a 30-year veteran like myself whose been through all the wars. >> i like the says pitch obviously, a lot of transactions, hard to do alone hey, drew in terms of progress, people are giving the league credit for changes to clock rule and time management. but the kneeling thing continues to be, at least a perceived issue, when does that ever get shook, if at all >> well, i think it's being addressed internally by each team, with their players and team leaders and it sounds like that's going to be an individual process, as posed to a leaguewide process. i think every team is going to deal with it i personally for one don't expect it to be an issue this year i think that the teams and the players and the league have

reached an understanding that there are alternative ways to deal with it i'm confident it's not going to be a factor this year, but we'll find out >> drew, what do you tell players about using technology, using social media in this era i mean, there's so many ways to get in trouble we've seen people go through most of them seems like -- do you feel like that's your role as an agent do you pull in outside help? >> yeah. >> to get players smart on that? >> well, i tell all my clients social media, every time you make a post on any of the forums, just assume you're doing a huge press conference. because it's being monitored around the clock and this is something that just imagine you're saying publicly, in front of all of the cameras and everything else. and you've got to be conscientious about what you say at all times and an nfl player, for example, or professional athlete of any

major sport is a public figure and whatever they post on social media is going to be scrutinized. and they need to make good decisions. because if they post something controversial, it can certainly come back to affect their career both on and off the field. and, yes, we have people working within our company that specialize in helping our clients with their social media, with their posts and working on them on managing it very professionally we take it very seriously. it can have a profound impact on players and their careers. >> finally, drew, in a word, does colin ever get picked >> i think so, yes in a word, yes. he deserves to be on a team. i think he's going to get signed and i predict he'll be playing for a team this season >> got some predictions from drew for the season. and your predictions go a long

way. have fun tonight obviously, we're all watching it speaking of drafts, don't forget to tune in later to cnbc's "stock draft" later today at 2:00 p.m. eastern time. i segway when we come back, the president idbotim cook, what larry kudlow sa aut the meeting after the break. dow's up 143

apple ceo tim cook meeting with president trump and the white house economic adviser larry kudlow we had him on earlier. take a list ton what he said about that meeting >> tim cook was most helpful i really enjoyed the meeting i spent a good amount of time with him then we came back and we visited potus. he has a lot of experience in china, obviously he was very helpful in make something suggestions. and i might also add he loves the tax cut and tax reform he says it's great for business. and apple's going to be building plants, campuses, adding jobs, lots of business investments >> that very much like larry to mention some support for the tax cut from tim cook, which we have heard from tim cook in other

forums before as well. >> i wonder how much time is dedicated to theconversation around what is it going to take to get apple to come here to manufacture iphones? >> yeah, i don't think it's going to happen. it seems like a long way between here and there dow is positive for the month, trying to avoid the first down april since 2005 let's get to the judge ♪ welcome to "the halftime report." i'm scott wapner, we begin with an alert on apple today. and the move by top-ranked analysis tony saakamote cutting his number jon and pete najarian and joe terranova. let's get to