for those that had voked for the rules repair, including the fcc chair ajit pai, consider it a win for internet providers, comcast, verizon and at&t, these rules would have put those companies to disadvantage to google and facebook that can collect more information about users. >> at&t and verizon have so much

. >>> we will speak to fcc chairman ajit pai shortly. one man might change the future of media, as we know it senior judge richard leon for the district of columbia will decide whether to approve at&t's billion dollar acquisition of time warner. and rico's co-founder and editor kara is with us. thanks for being here. >> on set. >> on set. here i am. >> landscape for m & a when it comes to mia a technology is shifting either way, what's the impac this at&t/time warner decision going to be on what we see over the next three to five years >> it will probably go at&t's decision everybody thinks that. it depends on the rules that the swrunlg puts in place around it, if at all. once it rules in their favor, which most people feel would be a shock if it didn't more smchlt & a. everybody needs to bulk up this bulking up of all the companies not just the telecodes but all the companies is inevitable as they try to compete in all areas from distribution, content, entertainment and everything. >> how much a rebuke would it be to the feds to lose th

also fcc chair ajit pai live from the mobile world congress and later, jon favreau will join us fromvanity fair" summit in l.a. talking about the future of media, streaming, content, disney and more. dow up 51. - [spokesman] if you've tried college but never finished, (group cheering) snhu lets you transfer up to 90 credits toward you bachelor's degree. - [woman] it doesn't matter how old you are, you can do it, you can finish. - [spokesman] finish your degree at snhu.edu i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. >>> jeff bezos making headlines about space. morgan brennan is there live >> jeff bezos took the stage to receive an award earlier this morning. here's the big news from his time on stage. he announced his other company, blue origin is partnering with some of the biggest companie and most well-established companies in the space industry to bid on the nasa contract to quite literally land humans back on the surface of the moon blue origin will partner wi

thanks for joining us today. >> better day is coming. >>> the exit interview for fc chairman ajit paithat's after the break want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. >>> we create broad frame works to insure consumers the marketplace. we shouldn't micromanage how they operate their business in the absence of a market failure. this means that we let this dynamic industry, arguably the most dynamic free market ever known develop. if there are targeted cases where action might be necessary and the sec has authority to act, then we take action otherwise, we don't sit in judgment from washington, d.c. my own view is that the internet should be run by technologies and engin

we'll talk to commissioner ajit pai about the new rules.em. >>> hedge fund underperformed broader markets in recent years but hugely popular with big investors. why? jim stewart will be here to weigh? consumer advocate ralph nader thinks walmart's move to raise wages is not enough. he'll join us later on. >>> rick santelli. news on consumer sentiment after the chicago pmi number. good morning once again, rick. >> good morning, carl. i was wrong by the way, we're not under 2%. hat in hand with the feeling in the treasuries last couple of weeks. it really seems as though the buyers have limited impact. here we go. february final read on michigan 95.4. comparison to its mid month read at 93.6. how does 95.4 fit? comps to january where you had 98.1 which was the highest going all the way back to 2004. just a quick tombstone on chicago, that was the weakest number since july of 2009. since that number there have only been three under 50. this is not very good. now let's go to one of the most economically vibrant spots in the country, washington,

don't miss ajit pai on the latest efforts amid the virus ayitustbak st wh issues facing our world, what do you see? we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. so it doesn't make a whole lot of financial sense for them to stay in this great big house. but, well, this is home. it's where they raised their three boys. could they downsize? sure. will they? not as long as thanksgiving is a holiday. planning for the future is about more than just money. let equitable be your guide. >>> on a day when we have record jobless claims and multiple people who are working are trying to work from home, joining us to talk about cyber security risks for business, is ceo and shark tank investor robert good morning great to have you back. >> good morning jon, morgan, carl, thanks for having me. >> i want to s

joining us now in a first on cnbc interview, fcc commissioner ajit pai, now you've been against titlessification for internet but tom wheeler has said, fcc can make some tweaks to make it work the way it should. how do you feel about this proposal, you know, some cable stocks were up yesterday on the news? >> well, i think what people have been reacting to is, a spin about what the plan is. we haven't seen it, however, and the devil is going to be in the details. we do know it is going to involve as you suggested title 2 regulation of the internet and i'm opposed to president obama's plan for internet regulation because it is going to make for slower broadband for americans, increase their internet bills and will reduce competition in infovation in the broadband marketplace. >> it does appear though that there is a burden on internet service providers in the the basics of what we've seen in the last couple days, but there's some watching the cable industry saying, you know, it could have been worse. where is the burden and how strict in your opinion is it actually when it comes down t

joining us in a first-time cnbc interview we welcome back fcc chairman ajit pai.gine, you've just been waiting, biding your time until you could reverse the net neutrality rules imposed two years ago, yes? >> well, not so much biding my time but trying to figure out what the right way forward is for americans online, and to me, at least, if we want to prioritize instruct investment, we want more competition in the broadband marketplace, if we want to give more consumers better, faster, cheaper internet, getting rid of the heavy-handed economic regulations inspired in the great depression is the way to do it. >> as consumer we don't want some of the internet service providers, at&t, our parent company comcast to block web traffic or slow it down or charge higher rates. so how do you answer some of those consumer concerns that felt protected by net neutrality rules? >> i couldn't agree with them more. the best evidence that a light touch regulatory framework that started in the clinton administration works is that we didn't see companies blocking access to lawful co

thanks. >> all right, ajit pai, the fcc chairman.arl. >> when we come back, we'll get cramer's mad dash, count down to the opening bell and take another look at the premarket on this wednesday morning. more "squawk on the street" from the nyse is straight ahead. here. we neeyour password so we . here. my password? we neeyour password so we . yes, sir, we need your passwd. the ssword that i e? ye sir, your psword. there's been another breach! sir! right. okay. i-h-a... ...t-e-m-y-j-o-b-1. wanna get away? now you can with southwe fares as ls 59 dollars one-way. yes to low fares with nothing to hide. that transfancy. sfx: clap, clap, ding ♪ ♪ ♪ whether u're afterupreme performance. ...advanced intelligence... ...or breathtaking style... ...the's a c-class jusfor you. decision decisionsdecisions. lease the c300 sedan for $389 a moh at your local mercedes-benz dealer. mercedes-benz. the bt or nothg. ♪ >>> we got about seven minutes before the opening bell. talked a little regulation or lack thereof with the fcc chair. where do you want to

ajit pai blew the whistle on this thing. additional efforts to impede first amendment freedoms.i think more mischief is coming. but we will see. we're going to head back to the stock rally today. the correction seems to be gone. the broad base s & p 500, guess what, it's now flat year to date. so we're going to talk about your money. next up, stay with us. lots more to do. [ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪ our passion to make it real. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement ques

we did talk to commissioner ajit pai in the last hour who voted against the measure where he warned ushat consumers could face. let's take a listen to this. >> the fcc explicitly opens the door to billions in new fees and taxes on broadband by subjecting broadband for the first time to the telephone style taxes under the universal service fund. moreover, the fcc completely brushes away the concerns from smaller competitors who are now going to be subject to all kinds of other taxes, state property taxes, general receipt taxes and the like. but most importantly i think is the critical questicompetition. there's nothing in this plan that spurs greater questiontition. >> he said most people have not read the plan, i have. does he have a point? >> he has a point on the last point he has a fantastic point. the issue, a lot of the swirl around net neutrality does leave out the issue that broadband competition in most areas is almost negligible. it's a monopoly and that doesn't serve the consumer at all. to me that's the major issue despite all these arguments of regulation of the internet. h

. >>> and we'll check in with former fcc chair ajit pai on the regulatory scrutiny around musk and twitterreet" continues in a moment. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? >>> welcome back to "squawk on the street." the world bank reducing its forecast for global growth by nearly a full percent in '22 citing the ukraine/russia conflict spikes in food and energy prices having an outsized impact on developing prices. joining us to talk about spreads and where we're going, good to see you. thank you for the time this morning. >> pleasure being here thank you for having me. >> we have been watching spreads, particularly investment grade, last week you write in aggregate households and non-financial corporates are well positioned to withstand slower growth and rising rates is it as simple as that? >> it's a little bit more nuanced than that. look, the take away from the first quarter was, number one, credit spreads have, you know, modestly widened in the

joining us right now, ajit pai, former fcc chairman.american enterprise institute. good morning to you. you think this is game changing. >> i think it's a significant step by the twitter management to give elon musk more information to stave off, two, i think material risks the board was worried about. number one, the risk of a renegotiation of the price and the risk of litigation over the merger agreement >> when you look at this merger agreement. one of the things that everybody's been so fascinated by is that elon musk effectively waived diligence and early on, we should also say that he said one of the reasons he was buying twitter was because he thought it had a bot problem. if you were going to litigate thei this case, do you think twitter has the better side of it or elon musk? >> for starters, you've put your finger on one thing, they call it due diligence for a reason. a lot of people spending money to buy a company want to know every nook and cranny of the business now that there is a merger agreement, what are the grounds for

mobile also follow ajit pai joining us from the white house right now. nice to have you, chairman >> great to be here. >> why are you doing this? >> we want america to lead the world in 5g as we led the world in 44g it requires government to set the stage to get the tools out there to use in the marketplace. >> what will you learn in the meeting today, when verizon and t-mobile and at&t are in the room what is the interchange going to be about and potentially what will you find out that will enable you to do what you just said you set out to do? >> first we want to outline across government strategy, not just the fcc, but the entire administration will be on the page in asserting u.s. leadership in 5g we hope to learn the necessary building blocks for 5g we want america to be the home for investment and wireless connectivity we need to know what policies are needed in order to promote u.s. leadership. i'm hopeful it will be a productive exchange. >> i spent some time talking about it, reporting on it. it is going to be significant change you obviously kn

. >> joining us is fcc commissioner ajit pai. good to see you. that is the input, that if you take away the company's ability to profit from the internet they won't be able to reinvest to innovate further. what do eosay? >> that's one of the concerns i've heard across the country. consumers everywhere want greater competition. but that competition can't happen with f we don't have a regulatory framework that incentivizes innovation. and high speed networks, it takes lot of capital invested to connect miles per hours to digital opportunities. so that is a concern. >> and yet the president yesterday coming out and saying he believes the internet should be regulated under title 2 making it a utility like phone service or running water. chairman, wheeler of the fcc called it an important and welcome addition to the conversation. be what but what influence does that view ultimately have? >> terrific question. the fcc is not an executive branch agency like department of justice or defense. we're an an independent agency and we make our decisions based

we'll talk with commissioner ajit pai who cast up with of the dissenting votes. the premarket, again, for the dow, s&p and nasdaq, best week since december 20th. you can fly across welcome town in minutes16, or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ ♪ lost shipments, international regulations, security breaches, lost revenue lost respect. well crafted solutions for today's problems in commerce. pitney bowes, the craftsmen of commerce. >>> yahoo!'s forming an independent committee of its board of directors to review and pursue the potential sale of its core business. in many ways formalizing something that the company's already said it would do after it released earnings a few weeks back. we had marissa mayer, the company's ceo, as a guest here on cnbc. sources tell me the company felt like that message was n

want to talk about 5g it was all the talk in barcelona at mobile world congress where fcc chairman ajit pai speaking you are looking at this issue. it's seen as a race between the u.s. and china to get out with this first how important is it from a trade and economic perspective for the u.s. to move forward quickly with 5g? >> it's incredibly important when you think of the new cutting edge innovations from autonomous cars to the internet of things, virtual reality, this 5g is necessary to enable it it's estimated to be 275 billion in investments to get g across the finish line. the country that gets there first in terms of the regulatory framework, that's where the investment will go and that's where consumers will see the benefits of 5g first it's important that we win this race last week the fcc took a vote to help the united states maintain its leadership in wireless >> light of that, do you think it makes sense that the trump administration stemmed in and blocked broadcom's bid for qualcomm >> there was a cfius process that the transaction went through. i wasn't part of that. more broa

how does ajit pai reclaim part of the mayor active? >> excellent question.hank you for asking that. it's important for people to understand january 2015, the internet was open and free. why was that? there were existing laws on the books like section v of the federal trade act, section ii of the clayton act, contract law and things like that. it's important for ajit, my friend and former colleague, and the chair of the federal trade commission, maureen olhausen, acting chair. i hope she becomes the full-time chair, to encourage consumers and everybody that the laws on the books will not tolerate internet service providers from being anti-competitive and harming consumers or entrepreneurs. and what areas specifically? >> here is how it work -- i'm sorry, what areas specifically would they say this? >> we should mention our parent company, cnbc is comcast. that's one company that people tend not to trust in this situation. what areas do the fcc and other regulators need to promise that they're going to protect consumers for this to work? >> excellent question.

. >> ajit pai has unveiled his plans to repeal net neutrality his proposal gives more flexibility on how they charge for services and may be ability to prioritize traffic. but it requires transparency about the practices, and it restores the federal trade commission's overside to monitor internet provirsd for aders for competitive behavior the fcc would require internet service providers to be transparent about practices so consumers can buy the service plan best for them this would benefit the internet and telecom companies including verizon, comcast, charter and at&t. verizon saying we're encouraged by chairman pai's announcement today that the fcc will restore the successful light touch regulatory framework for internet services. but technology companies like netflix, youtube, twitter and facebook could suffer. the proposal is expected to be approved at the fcc's meeting on december 14th. back over to you >> julia boorstin there. >>> uber admitted it paid hackers $100,000 to cover up a data breach last year. names, e-mail addresses and phone numbers from 57 million users and drive

ajit pai will join us live from barcelona. >>> and wall street's great comeback stocks roaring back toe. friday up 350, yesterday up nearly 400 putting the dow and s&p 500 within a stone's throw of getting back all their february losses. it's still february 27th, in fact, 2018 "squawk box" begins now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >> good morning, everybody welcome to "squawk box" on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back finally. back on set. >> back here i don't even know what time it is where are we 8:00 p.m. your time. >> they had to change the medals total, add another gold for your coverage >> woe neede needed an extra. >> fourth is okay. we have florida. we are not like for

ajit pai made some comments about how if you're going to have investment and bring internet to ruralmunities, you need a light touch on regulation is it wrong? >> 100% wrong. he's 1000% wrong this is a complete disaster. >> oh, come on >> whether you're left, right or a centrist i will explain it. when you get on the internet if you don't have net neutrality, they're going to throttle certain services not there. so verizon, now has yahoo! they might make google slower or could even charge you to access google a company like netflix or youtube, if they were a nascent company, they would be killed by verizon or comcast they would not be allowed to grow >> there are ways of addressing that without title 2 it baffles me that silicon valley has insisted on conflating title 2 with net neutrality with open internet. the real issue is that we need a structure that encourages competition in broadroadband, multiple choices why go straight to competition to do that >> rural broadband is something that we can actually figure out a way to solve by charging everybody on the network a dollar a year

federal communications commission chairman ajit pai said he'll leave the post on january 20th the same day president-elect joe biden is set to be sworn into office >>> the fcc also says the ban on using mobile phones in flight will continue since 2013 the commission has been considering allowing calls above 10,000 feet but they face strong opposition from pilots and also flight attendants >>> rhode island is warning its residents that hospitals are now at capacity due to the rise in covid-19 patients. this on the same day that state begins two weeks of tighter coronavirus restrictions >>> and in france, the government has dropped a controversial bill that would have limited the right to film police officers in action. over the weekend, tens of thousands of people across france marched against the proposed law >>> you are up to date that is the news update this hour jon, back to you >> all right sue, thank you >>> and our exclusive with ibm's cloud chief and president jim whitehurst is next don't go anywhere. hi, my name is sam davis and i'm going to tell you about exciting plans availa

this is in regard to the new rule by ajit pai, about isps getting loser regulation when it comes to controlling. he says he wants to clear something up. everyone agrees we must keep the internet open for innovation and free expression. there's been a long consensus that any rules must preserve strong incentives to invest in next generation networks. it's his ethos. this is what he will do. this is how he will push back against people who are saying you're deregulating. you are letting the isps get away with murder and control the internet. it will be a wild west. that's the debate right now when it comes to the internet and john oliver weighed in on this. everybody is passionate about it it looks like mr. pai is going the route of res rless regulati don't worry it won't be a free-for-all, but it will create innovation. >> we're approaching the top of the hour. kelly evans has a look at what's coming up on "squawk box." >> coming up, we will pick up on where you guys left off with the markets and how they're reacting to the selloff. we're also going to be talking about walmart earnings which com

retire after 2018. >> the net neutrality vote has gone through it has been overturned chairman ajit pai's overturn the obama era net neutrality rules has been approved two dissenting. >> going after obamacare in a backdoor sneaky way. we actually have a saying with the health care stats, we think winter is coming >> jim chanos there. quoting -- the name of the show escapes me right now "game of thrones." thank you. i couldn't think of it there lost it there for a minute. >> i learned my lesson. >> say hi to david stern mofor e >> i got it confused with netflix. i will thank you, bill. we're going to talk more about the disney/fox deal. disney plans to buy most of 21st century fox's assets, fox's regionional sports networ will be added alongside espn and there's worry they could get shortchanged in the deal bob iger says he sees it as an opportunity for regional sports channels and espn to come together. >> on the sports side, i think you have to look at the regional sports networks as a complement to espn, not an overlap in the sense like a television network has tv affiliates where a net

after an all clear, the controversial decision from commissioner ajit pai. >> the chair votes aye the item is adopted. >> reporter: with that vote, internet service providers like at&t, verizon, charter, and nbc parent company comcast, can slow down access to content from companies line netflix, hulu, and youtube, if those companies do not pay for faster service. internet providers could also route you to content they own. for consumers, that could mean higher prices or no access to the shows and websites you want. also, the internet service providers could charge you more based on how much you use overall. is that about to happen? >> that fear is unfounded. prior to 2015, before these regulations were imposed, we had a free and open internet consumers benefit, entrepreneurs benefit. everybody in the internet economy is better off with a market-based approach. >> reporter: all four major internet providers responded today, saying their internet practices will stay the same >> hey, guys, it's dannie, and today -- >> reporter: but this youtube cooking star is worried about the future of

went on the record calling for a halt of today's vote, but the vote will indeed happen shortly, and ajit paiexpected to have the repeal of net neutrality approved by the commission it's worth noting clyburn ends her statement by saying she's optimistic today's vote will be an aberration and this plan will be either vacated by a court, reversed by congress, or overturned by a future commission certainly a controversial issue and we'll be watching this as it develops >> thank you, julia. >>> sticking with this issue, the fcc is in the process of voting on a whole host of items, including these rules. joining us to talk about this issue and online protests gaining momentum on sites like reddit is reddit cofounder and ceo steve huffman. steve, great to have you this morning. >> good morning, thanks for having me. >> what is it about this issue that particularly struck a nerve on reddit? granted, you and alexis o'hanie stoked that a bit with your own statements on the subject, but this is one that's generated more traffic on reddit, if i'm not mistaken, than anything else >> yeah, it's one of our

ayd later ajit pai will join us. st tuned you're watching "squawk box" on cnbc ♪ ♪ dear tech...nship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪ [ ding ] show me just add magic. hey toothless. [ ding ] [ gurgling ] [ ding ] show me cartoons on netflix. [ ding ] [ cooing ] [ door closes ] [ cooing ] ♪ [ ding ] show me fish on youtube. say it and see it with the x1voice remote. from netflix, prime video,youtube and even movie tickets. just say get "dragon tickets". >>> welcome back to "squawk box" this morning take a quick look at the futures. we are in the red this morning dow looks it would open off about 83 points. nasdaq off about 16 points s&p 500 off about five points. we got some bad news from home depot and a couple others

. >> reporter: ajit pai saying this is a collaborative process.s encouraged by some of the comments from the allies the white house is taking steps on this spectrum option, the biggest of all time to push 5g domestically back over to you >> eamon, thank you very much for that for more on 5g let's bring in jon fortt. jon, is the u.s. behind the curve on this, and how quickly could they catch up with moves like this? >> wilf, i wouldn't say the u.s. is behind the curve. in the conversations i had with various leaders and regulators around the world, actually the u.s. and china are leading in 5g deployment right now verizon a couple weeks ago announced they were rolling out 5g service in minneapolis and chicago to beat south korea to the punch. south korea is a dense country they're often ahead. they have samsung which is very much in the game when it comes to 5g equipment and also phones. so whereas china is expected to lead on the industrial side, big manufacturing economy there, the u.s. is expected to lead when it comes to consumer applications a

. >> good to be here >>> we'll talk twitter with the former fcc chair ajit pai.nd. we're back in a minute ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire when you need help it's great to be in sync with customer service. a team of reps who can anticipate the next step genesys technology is changing the way customer service teams anticipate what customers need. because happy customers are music to our ears. genesys, we're behind every customer smile. >>> here is your cnbc news update at this hour. one person was kill and five others were injured. he was tied with electrical extension cord this follows a n

for those who advocated for the rule's repeal, including fcc chair ajit pai, this levels the playingrvice providers and apps and websites. it was considered a win for internet service providers such as comcast, verizon and at&t. these rules would have put companies at a disadvantage to websites and apps like google and facebook that can collect more information on users. analyst craig moffett says this law's repeal is part of the fcc's push to put internet service providers under the jurisdiction of the ftc. as for what is next, we could see more deregulation of the telecom's base. republicans said the fcc is expected to try to overturn the classification of broadband as a utility which brought with it stricter regulatory oversight. guys. >> all right, julia boorstin. this could be a big win for large providers like at&t and verizon that are betting big on monetizing data. amy young says further deregulation could open the door to more mna in the sector. amy joins us now. great to have you with us. is it about better telling ads? >> i would say it is a first time in probably over a d

and ajit pai will join us in am. >>> good morning it is 11:00 p.m.ear summit in singapore. it is 11:00 a.m. on wall street and "squawk alley" is live ♪ look if you had one shot or one opportunity to seize everything you ever wanted one moment to capture ♪ ♪ his palms are sweaty knees weak arms are heavy there's vomit on his sweater already mom's spaghetti ♪ ♪ he's nervous >> good morning. welcome to "squawk alley." i'm carl quintanilla with morgan brennan and jon fortt. we'll get straight to the top story, that is the summit with president trump and kim jong-un. discussions between th

ajit pai, the chairman of federal communications commission which twitter did not place a label on allfy violence the first tweet says this, i quote each time, the zionist regime is a deadly cancerist growth and should be uprooted and destroyed. the only response to removal of the zionist regime is firm armed resistance third, the struggle to free palestine is jihad in the way of god, i quote that in part for the sake of time and number four, we will support and assist any nation, any group anywhere -- >> that's the senator with some cross-examination of jack dorsey of twitter looking at some of the policy which even jack dorsey has been late or poorly communicated. we'll see how this q&a or framework develops at some point, the question is going to be why not try another platform and maybe the market will return to the idea that these are private companies and each individual interaction has been guided in some way by a human hand >> with so much content on each of these sites, there is so much material for these lawmakers to work with so much examples where these policies were not ap

the chairman ajit pai has basically announced he's ending any consideration of allowing cell phone callsssentially saying "i stand with airline pilots, flight attendants and america's flying public against if the fcc's ill-conceived 2013 plan to allow people to make cell phone calls on planes. i do not believe moving forward with this plan is in the public interest." so they are tabling it permanently. and guys, i think a lot of people who fly a lot who were not looking forward to the possibility of somebody yammering away on a cell phone are all going to applaud this move by the fcc to take off any discussion about removing the ban on cell phone calls in flights. >> but what if you were one of the ones who wanted to yammer? she asked. >> you? never, michelle. >> really. what a shock. >> yeah. thanks, phil. >> let's get to leslie picker for market flash. whole foods on the move. >> hey, guys. jana partners has taken a 9% stake in whole foods. this is according to reporting in the "wall street journal" today. this makes them the second largest shareholder in whole foods. now, jana wants t

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and that fcc chairman ajit pai will be on "closing bell" to talk about this and more. >>> at any momentw the blueprint of president trump's tax reform plan. we'll bring it to you live when it begins. meantime let's bring in cnbc's editor at large john hared harwood. the most difficult to sell to the democrats and the fiscal conservatives within the republican party. >> reporter: well, for democrats the hardest thing to swallow is going to be a big cut in the corporate tax rate down to 15%. they'll attack that. the biggest difficulty for conservatives and republicans is the probability that this debt is going to create a big hole in the deficit. now the administration has said that it it will produce economic growth sufficient to pay for the cost, but there's a lot of skepticism that will be the case. the trump tax plan in the campaign last september when he revised it were that plan would add anywhere between $2.5 trillion to $7 trillion to the deficit and debt over ten years. that is going to be a tough sell for the administration. the house plan, of course, has got a 20% corporate rat

for those that had voked for the rules repair, including the fcc chair ajit pai, consider it a win fort, these rules would have put those companies to disadvantage to google and facebook that can collect more information about users. >> at&t and verizon have so much user data on how you use your mobile phone and what browsers you look at, what internet sites you are interested in. they're sitting on so much data. this opens the wave for them to monetize it. >> next, we could see more telecom deregulation, which can give telecom providers more opportunity to make money. over to you. >> thank you. american express, meantime, upping the credit card reward wars, those details right after this. and a team of experienced traders ready to help you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade >> welcome back to credit card wars are raging. american express is now reportedly making a move to try to get customers away from that j.p. morgan sapphire card. analysts are expecting an increase for people that sign up for a new platinum card, incre

to 20 months in prison after pleading guilty for threatening to kill the family of fcc chairman ajit paiover the regulator's successful efforts to repeal net neutrality rules prosecutors say the man sent the e-mail threats in the hopes it would force pai to reverse his position >>> and the louvre museum in paris paying tribute today to the architect of its giant glass pyramid. i.m. pei who died on thursday at the age of 102 you can see there dozens of employees gathered under the pyramid, which serves as the museum's beautiful and monumental entrance. you are up to date that's the news update this hour wilf, morgan, i'll send it back downtown to you. >> thanks very much for nap we have got 28 minutes of trade left let's just check in on the markets. we said we had a little bit of a pullback 100 points or more lower on the dow. but we're down to more like 90 points on the dow. down 0.3% or so. a little bit more than that for the nasdaq, the tech-heavy nasdaq down 0.9. but improved through the course of the week since monday's pullback we've got a news alert on wynn contessa brewer has it

mentioned ajit pai new incoming fcc chair, net neutrality likely going to be out the door very qui quicklythat's beneficial to the likes of comcast, charters and others, at&t also with their zero base thing. they won't get heat on that. they're a big taxpayer, comcast, that will go down, right? capital investment written off year one, big capital investor. that will be beneficial. the only thing they do is export, they don't really import. but stocks had a hell of a run. >> okay, look, people have been saying, jim, have i missed something? have i missed something? is it too late? now you can say i'm tooting my own horn here because i work for comcast, but this is the kind of thing when it comes down i have to tell you there are absolutely no flies on this. this is much better than expected. but it has moved up a lot. and when things have moved up a lot, they tend to come in. but that's when you pounce, as j.p. morgan came in you had to pounce. goldman sachs. i'm saying comcast the numbers are very good. if it comes down, it's a place to go. not unlike western digital. numbers were unbeliev

ajit pai yesterday didn't say much either. >> no, he didn't, but he tweeted he had a good conversationt nice? >> he is. >> he's wicked on twitter. he's very good. we'll get stop trading with jim in just a moment. i can't wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise >>> it's time for cramer and stop trading. >> oh, boy, they're coming after nvidia big time. bmo this morning did take it to a sell. saying amd is catching up. perfect storm. there's an intel ad, i had a feeling brian krzanich was going to reveal something like this saying the cloud runs on intel. everyone wants to hate nvidia. the stock that was up the most last year. let them come out and do it. let the shorts come out and do it. a lot of people saying, jim, you got to go into broadcom, well, i've been liking broadcom forever. but nvidia, listen, guys are shooting at it because it has a great handle on

reportedly leaning against approving their proposed telecom merger that's just hours after the fcc chair ajit pai backing of the deal. jonathan chaplin from new street research joins us now to discuss. jonathan, yo-yo session in terms of this news flow and the stock price move what's your take on the fact that the fcc is so clearly backed the deal and now the reports suggest the doj is not backing it >> this morning when the news came from the fcc that they were in favor of the deal, generally we hear from the doj first and the fcc follows. we assume that the fcc and the doj were on the same page because they almost always are it never happens that the two agencies split on a deal like this so the news this afternoon is really perplexing. we don't know whether it means the doj's going to ask for concessions over and above what the parties have negotiated with the fcc or whether they're really going to try and oppose this deal. but if they try and oppose it with the expert agency having given the deal their blessing it's going to be a tough fight in the courts. >> so you've never seen the doj and

explain to me why these state challenges to what ajit pai has done. >> a lot of that is true, but congress to actually use that authority and it's not completely clear, at least what the states are saying, it's not completely clear that when congress run the telecon act they wanted to completely push the states out they set up a system where both the states and federal government regulate, no one knows exactly what the boundary is we're going to find out, i'm guessing. >> so you think that states will step in and do what net neutrality did, which was to ban fast lanes for traffic, ban throttling, slowing down traffic, ban the ability of internet service providers to set different tolls on the information highway. >> well, i think the states will do probably is go right at that core protections say this is a former consumer protection >> the metaphor we always use is a really big truck on the highway pays a bigger toll because it causes more wear and tear. >> right. >> netflix sends >>> why shouldn't they pay more for access for occupying more of the space? >> we're talking about a differen

already on this set many, many times but certainly worth going at again as we see the new fcc chair ajit paiet more and more focused on eliminating title 2, which is net neutrality, right? the fact that your isps, your internet service providers are regulated as though it was a telecommunications service. this was an area of great consternation for some under the previous administration, under chairman wheeler when it was regulated that way. and it is very much apparent that mr. pai is going in a different direction. and it will be a positive, no doubt, for the likes of our parent company comcast and charter and verizon, at&t and so many that provide internet service and broadband service really is what we're talking about to the nation. here's what mr. pai had to say when we interviewed him a couple weeks back specific to eliminating net neutrality. >> i can't give you a specific timeframe, but what i can tell you is we're studying the issue very carefully, we're speaking to members of congress who might have an interest in this as well. and at the end of the day i think we want to deliver

a lot of people thought this deal would be approved by the trump administration but ajit pai came outst it president trump tweeted he wanted the deal to happen, but now it look s like tribune media is walking away. sin cleclair broadcasting down over the past year. >>> 21st century fox earnings out last night joining us to talk fox earnings is matthew harrington. good to see you, matthew >> thank you >> i think about 21st century fox numbers, divide them in two. the stuff disney will get and the stuff disney won't get let's talk first about what disney will get. how do they do >> two buckets they have to be encouraged with the international cable momentum, particularly in india. and i think including hot star, their streaming business, and the studios you pointed out had a nice quarter with the success of "deadpool."." "deadpool 2. on the fox side, fox news continues to show good numbers better monetization on the advertising side broadcast was ham strung by the world cup costs. so it looks like it's a win for both sides of the equation >> what do you think ultimately happens with sky

and fcc chairman of ajit pai cancelling his appearance after receiving death threats. cording to recode. the fcc didn't comment on the nature of the threat pai has been hounded by critics, particularly on-line, over his vote to repeal net neutrality rules. remember, during that entire thing, there was a bomb threat called in to. >> it's not expected to put ut rules in. >> it's something worth watching and talking about. >> if you don't believe in climate change, you get death threats. it's like the left -- i'm telling you. legendary hedge fund manager david tepper is still bullish. during an interview yesterday the apple founder said explain to me where this market is rich. it's not rich with the tax thing that just changed earnings projections. with earnings forecasts going up and interest rates where they are, how is this market expensive? i don't see the overvaluation. world growth is higher there's no inflation the market coming into this year doesn't look rich. in fact, it looks almost as cheap as coming in to last year. which was a 30% year basically 24, 25 that's

can't use every moment of every day to try and get something -- but also, the new fcc chairman, ajit pailive at 9:00 eastern. no matter howthe markets chge... at t. rowe price... our scscline proa remns. but you can feelay be confident. in invent experience around the world. ca us or yr advir... invest with confidence. what's critical thinking like? a basketball costs $14 at'seam spir wth?thinking like? (cheers) at'swhat's iworth tonking like? talk to o ur mom? what the value of a walk in woods? the value of capital , not juju wealth, but thingshat matter. morgan staey >>> thanks for joining us today, everybody. make sure you join us again tomorrow. right now it is time for "squawk on the street." don't forget we have the treasury secretary joining us tomorrow morning. ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber back at the new york stock exchange. little softness in the premarket as the dow shoots for its longest consecutive win streak since july. s&p now a full 10% higher than it was on election day. some political

the fcc chairman ajit pai will unveil his plans to roll back net neutrality plans today >>> veteran cbsscaster charlie rose has been suspended after allegations of sexual harassment eight women have come forward to say mr. rose groped them, walked around naked in front of them and made sexual advances towards them the "washington post" reports that the women were employees or -- either with employees or wanted to work for charlie rose. cbs suspended rose pbs and bloomberg suspended distribution of his interview show in a statement rose apologized for inappropriate behavior but said he doesn't believe all the allegations are accurate >>> when we come back, lowe's just out with earnings we'll dig through the report with brian neagle next "squawk box" will be right back. so you're looking for male customers, ages 25-54, who live within five miles of your business? like these two... and that guy. or maybe you want to reach women, ages 18 to 34, who are interested in fitness... namaste. whichever audience you're looking for, we'll find them we're the finders. we work here at comcast spotligh

devil's advocate here, why shouldn't they be paying more if they are taking up that much space on the internet >> i want to focus attention, however, that what ajithas done, not only gotten rid of 2015, he's gotten rid of the 2005 rules, originally no blocking rules, but when a cable company should be allowed to block certain sites. i think that goes way too far and why they are going to have trouble in court with these things >> so unless you said in your original paper, i think, what, almost 15 years now, unless they can show a reason, a good reason for that blocking or throttling, maybe someone is trying to do something that's causing a problem for others, we see that happen on occasion what should be the mechanism for carriers being able to make the argument that they should be able to block certain applications >> i think they can block things that are clearly illegal, you know, distributing child pornography or national security risks, those sort of things. otherwise, i actually trust the market to make the decision about what applications should succeed or fail, not the carriers i think when they've had too much control, too much control i

pay. i mean, they will be working for either ajit or -- but i'll be as interested as ever there's not a dropookshire blood that's leaving my body >> you said that this is something that you feel great. >>ist terrific. >> your health is in perfect health are you tired? do you not want to be doing as much >> i'm down -- i'm at the office on saturday -- any saturday i'm in town, unless there's something very unusual going on. i love it. i love brock shire i look forward every morning to being there, and it's a great -- you couldn't have a better job than i've got. i just have made it one notch better >> there's a jp morgan report from september of last year and the analyst there points out that succession has always been a big question the next link of who is going to be there has always been a huge question she also points out she wouldn't be surprised to see you running things for the next ten years or so you have an actuarial brain. what do you think when you start thinking about how long you'll be running brookshire? >> ten years would be a long time, but every time i see one of my doctors,