on the back of caterpillar and mcdonald's. burgers again, revenue beating estimates and much higher than estimated, coming in at 1.7%. international sales higher than estimated. caterpillar, mcdonald's all boosting the dow. at 9:00 a.m. we get the latest read on home prices and 10:00 a.m., confidence from the richmond fed. at 1:00, u.s. treasuries selling $106 billion in two-year notes. what will that take down be? jonathan: someone take alix steel for lunch at 1:00 p.m. david: to mcdonald's. take her to mcdonald's. let's get back to washington. we are starting to get a peek at what president trump may have in mind for taxes. with us is kevin cirilli. what is the president talking when it comes to rates? : he will advocate for a 15% corporate tax rate, in line with what he settled a campaign, but all of this is being worked out as we speak. he will be releasing tomorrow new details about his tax policy program but it will not be that specific, at least that is what i am gathering. treasury secretary steve mnuchin will head to c

. >> strong earnings from caterpillar, especially, mcdonald's, and dupont powering higher today.he nasdaq above 6,000 now for the first time ever, as you see the dow is above 21,000 again, and we've got someone who says it's time to fade the growth driven fang stocks that are in the nasdaq composite. he'll explain why in a little bit here. >> home builders are under pressure today after president trump slapped as much as a 20% tariff on canadian lumber. more on that plus the president meeting with farmers at this hour to sign an executive order in just a few moments, of course, we'll bring that to you live as soon as it is released. >> and transportation problems, shares of ryder system hit hard today, down 12%, the ceo of the company joining us to explain why this business is under pressure. they were almost $100 stock two years ago. now they trade at $69. >> the trump administration is considered friendly for truckers, deregulation, infrastructure. >> just the economy's hot. >> talking about all of this. after the bell, big earnings for at at&t, numbers and analysis for you aft

got from not one, not two, but three dow jones industrial average components today, caterpillar, dupont and mcdonald's good were these quarters? when caterpillar's numbers first flashed, i thought, no way they can earn a 1.28, they were just worth 62 cents. caterpillar -- goldman-sachs went from the biggest bear on this stock to the biggest bull. but even gold man didn't think that -- caterpillar has what's known as enormous leverage, and in this case i don't mean debt with the ability to muscle somebody else, cat has operating leverage on a scale that can generate large profits. it's backlog was up big, allowing management to raise its full year-out look from $2.95 up to $3.75. and given how low -- i believe there will be many more upside surprises ahead, i think caterpillar stock has got a lot more room to run. as for dupont, the turn around mastered by ceo ed green continues. here's another head shaker. the company earned $1.64 per share, much better than the 69 cents the market anticipated. in all the years i have followed it, we're kind of used to seeing dupont merely meeting the numbers, maybe e

and consumer confidence. we get earnings from five stocks, 3m, caterpillar', coke, and mcdonald's. the dow rising 216 points to 20,763. the nasdaq up 73 to 5,983. back to you. >> landon dowdy with cnbc. thanks. >> reporter: i'm matt delucia live in center city. the final phase of closures for the nfl draft happens in just about 30 minutes. we'll break it down for you after the break. >>> and garbage disguise. aburgler chooses a -- a burglar chooses a unique look to break into a store. >>> breaking overnight, a water main break. a local street is flooded. we'll tell you how it's impacting traffic. >>> in minutes, the last nfl draft road changes will begin. we'll detail the impacts on your commute. >>> and tracking rain. we'll tell you who could see wet weather this morning and a chance for thunderstorms later in the day. >>> raincoat, umbrella, you will need them both. good morning, welcome to "nbc10 news today." i'm tracy davidson. >> i'm vai sikahema. let's get right to bill henley

to look for data today on housing and consumer confidence and earnings from five dow stocks, 3-m, cat caterpill caterpillar, dumont, and mcdonald's. the dow rising, the nasdaq up 73, to 5983. apple has a normal routine when it launches a new phone. the company reveals it in september and shipped it later that month. but a well connected analyst says you may have to wait longer to get the iphone 8. he says production may not start until november or december because of significant hardware upgrades. one version is expected to have a high-end oled screen and a smart camera. and traveling the world but don't speak the language? google is here to help. they will translate into your native language. it will work with google search and google maps. googp has recently added handy features including location sharing and probable shortcuts. back to you. >> i love that. thank you very mump, landon. >> will you love this? another bay area record taking place. bay area has higher numbers of people migrating elsewhere than any other region in the nation. that's the conclusion of a study that found that bay area redfin users were the most likel

we have been hearing decent earnings results coming out of the industries, like it caterpillar and mcdonald's one to call is china. it has been through a tough patch, let's see how that we sees, and whether further weakness or buying coming in from the national team. from a currency's point of view, the aussie data will be closely watched from aussie traders. especially what it means, and the implications for the -- them as they address interest rates. a fairly light economic calendar, but that data will be key at 11:30. betty: if we do see it get back whicht target of the rba, we have not seen for some time. i know you are looking through the fortunes of the world stockmarket, particularly the u.s. and china. we have seen the most since 2008. can we breathe a sigh of relief for the bulls there? if you dig into the bloomberg and take a look at the chart, it shows the divergent -- divergence. it is quite stark. we have the depth of the crisis, an economy completely falling out of bed. if we think of where we are, the u.s. economy is doing ok, u.s. stocks doing incredibly well. people are banki

and laura, good morning to you both. wall street will try to extend its winning ways today. stocks rallied again yesterday on strong earnings from caterpillar, dupont, and mcdonald's. the nasdaq closing above 6,000 for the first time ever. investors will be watching washington as the white house unveils president trump's tax plan. also look for more earnings this morning for boeing, procter & gamble and twitter. the dow rising 232 points to 20,996. the nasdaq up 21. >> chipotle is investigating unauthorized activity on customers' credit cards between march and april. it does say it has enhanced security and will notify affected customers. the news is taking some shine off chipotle's positive earnings report from last night. get ready for nonstop live video on twitter. they plan to air content 24/7, building on the more than 800 hours it aired in the first three months of the year. during that period, twitter aired the oscars pree and post shows and inauguration day events. they did lose the nfl contract to amazon, but it could add ufc fights. back to you. >> that's interesting. football, the ufc now. landon, thank you very much. >> 4:50 right now. coming up, the h

a jump in shares of caterpillar and mcdonald's fueled most of the gains. "hardball." >>> welcome back to "hardball." all this week we're looking at president trump's first 100 days in office. today the focus is his attacks on the media. he recently told the associated press, i used to get great press. i get the worse press now. i get such dishonest reporting with the media. it happened during the primaries and i said, you know, when i won, the one good thing is now i'll get good press, and it got worse. the president seems to take issue with reporters when they report facts. in the past few days, he's tweeted, don't let the fake media tell you i have changed my position on the wall. he went after whate called two fake news polls that showed him with low approval ratings. en he tried to preempt attacks on his first 100 days saying, no matter how much i accomplished during the ridiculous standard of the first 100 days, media will kill. attacking the press was a major thing during his campaign, and it's continued into his presidency. let's watch. >> even our

and april consumer confidence at 10:00 a.m. five dow components report before the bell, 3m, caterpillar, coke and miklaszewsmic mcdonald's, we'll also hear from eli lilly and chipotle. james quincy will be on "squawk alley" for an interview at 11:00 a.m. >>> wells fargo will hold its annual shareholder meeting today. the board of directors will face re-election. some major pension funds are planning to vote against most of the 15 board members saying they failed in duties to oversee the company. today's meetings follow the fake account scandal at the bank. a lot of focus on this. institutional share holders voted to vote against 12 board members. mr. buffett is expected to vote in favor of them, but others like calpers are voting against. all eyes on this. at least some will lose and be voted against by shareholders. that will be big news. >> absolutely. >> a big wake-up call for the board because so far criticism and punishment has focused on executives, not the board. >> we'll be watching that story closely. >>> in earnings news, shares of express scripts sharply lower despite a report that the prescription drug manager is lo

on wall street, caterpillar and mcdonald's are the big winners. ached yesterday. caterpillar up 6 1/2%. those two, mcdonald's and caterpillar up. and nasdaq and s&p 500, and also headed to uncharted territory. the cac quarante in paris up. in asia overnight gains here, in hong kong, the hang-sang is up. netflix, the street being company enters a deal that has stock up as well. the president set to start making changes by cutting the corporate tax rate to 15%. adam shapiro is with details right now at the white house. adam, good morning to you. >> and a good morning to you, maria, the president promised this on the campaign trail. he wanted, as he said last week, a massive tax break, not only for individual americans, but businesses small and large and 15% is what he talked about on the campaign trail. wall street journal says the president ordered the staff to make it a 15% proposal. later today you'll see power players on capital hill, steve mnuchi mnuchin, gary cohn, they'll meet with orrin hatch and kevin brady, house ways and means committee ch

and trump's proposed tax plan. another nice day. huge day for the dow. caterpillar, mcdonald'snd goldman sachs helped power to 30 point climb for the dow all reported earnings that beat wall street's expects. >>> facebook ceo sheryl sandberg is launching her next movement and this is about resilience. her husband, as you know, died suddenly in 2015 while the two were on vacation in mexico. in a new book out this week she bri writes about coping with grief. she tells jake tapper how that experience has inspired her to help others. >> i was reminded of something. you can't remind he had i lost dave. i know that. you can't remind somebody that they have cancer. their father just went to jail. that they face sexual assault. we can't remind people of these things. but we can talk about them. and that means we're not there for each other when we most can be and the reason i wrote this book is we started option b.org is to get people to talk openly when they want to. not everyone wants to all the time so we can support each other. no one gets through these things alone. >> she launche

there's a discount. >> the rest of the world is doing better than us and go over the calls, two palm, 3m, mcdonald's or caterpillarneed to get corporate taxes down and need to get something going. double digit out of asia and high single digits out of europe. united states we've plateaued and if is reasonable to think maybe we're not the engine right now. >> before we go, 15% is the corporate tax rate. real or alice in wonderland? >> through the looking glass, my friend. hmm. >> touche, touche. jim, see you in a few minutes. >> yep. >>> coca-cola's incoming ceo james quincey will join the at 11:00 app. enterprise printers by hp. which is great, unless you're a corporate spy. unsecured printing makes your network vulnerable. enterprise printers by hp help prevent costly security breaches that can compromise your network and reputation. so i'm stuck spying the old fashioned way. hey. i'm not spying. secure printing by hp. i.t. orchestration by cdw. ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in

and the nasdaq hit a milestone. the rally was fueled by strong earnings at caterpillar, mcdonald's and other companies. the dow jones industrial average gained 232 points to close at 20,996. the nasdaq rose 41 points, to close above 6,000 for the first time ever. and the s&p 500 added 14. congress is back in session, and raising new questions about contacts between trump advisers and the russians. leaders of the house oversight committee said today that former trump national security advisor michael flynn broke the law by taking money from russian organizations in 2015. as a retired general, he was barred from doing so. republican chairman jason chaffetz and ranking democrat elijah cummings spoke, after reviewing classified material. >> there is no evidence, as the chairman said, anywhere in these documents, that said he reported the funds for this trip. there is also no evidence that he sought permission to obtain these funds from a foreign source. >> he was supposed to seek permission and receive permission from both the secretary of state and the secretary of army prior to traveling to russia, to no

and a big day for the nasdaq. what can you tell us? >> we saw companies like caterpillar, mcdonald's, 3m, dupont with solid earnings reports. it gained a good 8%. stocks of mcdonald's and dupont all reached all-time highs. blue chips are within reach of a new record. less than 1% missing. it you -- and you mentioned the nasdaq composite. really in record mode on wall street. reporter: and as all your business for now. i will hand you back to brent and a call to action from the u.n. brent: the u.n. says donor countries have pledged around one billion euros in aid to help yemen on the brink of famine. >> 500,000 are suffering from malnutrition. the situation looks likely to get worse. the united nations hopes to ease the crisis. at a donor conference in geneva, the u.n. called on the international community to drum up $2 billion in aid. just over half that amount to be released so far. the u.n. secretary-general warns that humanitarian aid alone would not end the suffering. >> there is no humanitarian solution for the crisis in yemen. it is political. for all the diplomatic efforts to

and 80% short. back to you. >> thank you. just coming up on the halftime report. >> we have a big cap blitz. straight ahead. 3m, caterpillar, coke, dupont and mcdonald's reporting. plus, two big banks hear it from the shareholders. citigroup and wells fargo face the analyst and we are in those meeting. the halftime report is back in two minutes. but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. it's a performance machine. of engineering... with this degree of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... it's an oasis. the 2017 e-class. it's everything you need it to be...and more. lease the e300 for $549 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. hey you've gotta see this. cno.n. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thin

the big movers and winners, caterpillar, mcdonald's goldman sachs having the most positive impact. nasdaq up 6 points now. surpassing 6,000 yesterday for the first time ever. helped by names like netflix, facebook and amazon, those f.a.n.g. names, also small cap names participating. the s&p 500 off right now. looking at shares in asia, the bank of japan holding their two-day policy meeting. the announcement expected tomorrow. right now stocks, as you can see, closing in the green. the nikkei up 1%. hang seng higher as well. chinese markets seeing a bit of gains by around 0.2%. in europe, politics and the outcome of the french presidential election sending shares higher on monday and tuesday. on wednesday, stocks under a bit of pressure, fractionally. the french cac slightly higher, just by 0.5%. though we should point out the italian stock market a sizable move to the down side by 0.6%. the ecb policy meeting tomorrow. a lot of talk about whether the political risks subside, whether the central bank will start to look at tapering. we know the economic recovery in wru europe has been

caterpillar. mcdonald's, 3m and dupont all came in better than expected. >>> former acting attorney general sallyback, scheduled to appear in front of the senate judiciary committee on the russian involvement in the 2016 election next month. former director of national intelligence, james clapper, also expected to testify. >>> in arkansas two death row inmates executed, becoming the first state to carry out two death sentences in one day since 2000. the two men attempted to challenge the sentence but both appeals were dismissed by the arkansas and u.s. supreme court. >>> and today, we have a new window into how americans currently feel about the economy. according to the latest nbc news "wall street journal" poll, 36% of americans say economic issues like job, taxes and trade are most important to them. 56% say they're satisfied with the state of the u.s. economy. as the 100-day mark approaches, just 46% of americans disapprove of the president's handling of the economy. nbc's rehema ellis joins me with more on this. you spoke to some community college students about jobs and the economy under th

point some of the big boosts for all major averages, caterpillar, mcdonald's for the dow and s&p 500.g strength in china. mcdonald's beat estimates by 10%. it looks like the big mac has gotten a makeover and that is helping shares. biogen helping the s&p 500 and the nasdaq. they had any earnings beat on the top and bottom line. what investors really liked, a rare muscle disease drug came in well above estimates. this is one of those biotech giants looking for more opportunities for growth. investors are cheering that beat. perhaps that will give biogen . investors are liking it very much today. scarlet: thank you, abigail doolittle. after a rocky meeting in florida, all 15 board members in wells fargo barely survived a vote to stay in. joining us now is our banks reporter laura keller attended the meeting. give us a sense of how raucous it was. this was not your typical shareholder meeting. laura: at some points, it was quite contentious. it was almost three hours long. the first interruption we had was a gentleman by the name of bruce who leads an organization that works with mortgag

. >> strong earnings from caterpillar, especially, mcdonald's, and dupont powering higher today.e first time ever, as you see the dow is above

caterpillar crushed earnings estimates and raised its forecast for the year. mcdonald's also reported better than expected results, making these two names the top performers on the blue chip index. dominic chu has more. >> reporter: make it two days in a row. big gains for the dow repeated themselves on tuesday, thanks in large part to a slate of positive earnings reports. the bulk of the upside move in large cap blue chip index came from just two stocks. first it was the biggest construction equipment maker of them all, think bulldozer, backhoes and dump trucks. caterpillar stocks reported better than expected sales and profits and boosted its full year profit forecast as well, thanks in part to improving markets in areas like energy and transportation. so who is in the mood for a big mac and some fries? mickey d's, mcdonald's, whatever you want to call it, topped profit and sales expectations. and it recorded better sales at established restaurants thanks to things like lower costs, all day breakfasts and big macs in different sizes. and shares of the company formerly

and the nasdaq sore above 6,000 for the first time ever. shares of caterpillar reported stronger revenue and profits for the first quarter. new items on the menu at mcdonald'sles. the chain gaining 5.6%, surprising investors with better than expected results. that is it from cnbc first in business worldwide. what's the best way to get two servings of veggies? v8 or a fancy juice store? ready, go! hi, juice universe? one large rutabaga, with eggplant... done! that's not fair. glad i had a v8. the original way to fuel your day. >> welcome back to white house who hosts the briefing on the north korean nuclear threat. white house press secretary sean spicer said it is being run by the white house and just hosting, prompting some to point out there are secure facilities in the capital that would better fit a group of that size. but that briefing comes the day after north korea marked the anniversary of the founding of the drill. that was slightly more tame. the official missiles were expecting them. envoys from the u.s. south korea and japan met to discuss the threat. there has been increasingly tough talk from the administration making it appear that tensions a

but now you want to add caterpillar, infrastructure place to the growth story and mcdonald's, a big dowponent, global company 4% growth globally. those are real growth stories. those can support higher stock prices. stuart: steve cortez, these profits, i'm hesitant to use the word surging. what word would you describe? >> no, listen, i think they are surging, and i will give some credit here, by the way. i think the profit of acceleration was already happening before the election, so i will concede that profits, we were already emerging out of a profit recession into a profit expansion. however, i think that that expansion is accelerating now, largel becaofhat president trump has done, particularly when it comes to confidence, stuart. i think this is so crucial both ceo confidence, regular consumer confidence, on the consumer side. we've got home depot at all-time highs. we've got restaurants at all-time highs. the consumer is emboldened and spending, profits are expanding, you're exactly right. that is the formula for a higher stock market and prosperity, generally. stuart: lizzie, don

and dow . we had companies well-known coming in with an earnings beat, in other words coming in with earnings that were above with what wall street was looking for. it includes caterpillar, mcdonald'sand testimony of companies reporting better than expected results and that's what kind of launched this rally. the back to back rally because we had big gains yesterday is the strongest of 2017 so far for both the dow, s&p and also for the nasdaq. the financial stocks like the beg banks are also leading the way, bank of america was upgraded on wall street today. so all in all for the bulls, it's a good day and a good day for your pocketbook and your 401(k). >> and that they are hearing this that there won't be a government shutdown. sue, thank you for joining me. cnbc's sue herera. that does it for me. i'll be an choring tomorrow fro washington. steve kornacki picks it up right now. >> thanks. and good afternoon, everybody. i'm steve kornacki. we are live on day 96 of the first 100 days. and topping our agenda, no money for the wall. >> the wall is very, very important. >> in your first term? >> wl, it's certainly -- yeah, yeah. sure. >> are president trump insists it still will be bui

so the companies you look at, and whether it be mcdonald's, whether it be, i think 3m is wrong that it's down. i think the quarter was very good. when you look at caterpillar us. it's not us. and people keep looking at the u.s. and thinking wait a second, how good can things be? i suggest you stop thinking about u.s. it's not the driver. it just isn't. it's europe. it's asia. it's latin america stabilized. these are the places at the delta. >> and verizon does keep going down every day. >> by the way, the t-mobile conference call. >> you had ledger on yesterday as well, always you know, he's, sometimes speaks his mind. >> he's really talking about verizon and this is something i think you got to go to lowell mcadam on. since verizon went -- >> unlimit. . >> did their unlimited, their network has slowed down dramatically. >> verizon would say that's not true. >> right. >> their capacity has been fine and they had a network architecturally ready to handle it. >> okay, because well that's, when john does his conference calls a lot of it is to get new customers really energize his people. >> yes. >> he's a gorilla, and now he's a griuerrilla. whom anyone. >> s

and telecom. the defensive spirit in terms of individual names, let's bring you caterpillar, raising the demanding aorecast change in energy increases. mcdonald'sbest day since 2016. end, scripts expects to lose its biggest insurer, anthem. of course, the trade news of the day which is the white house slapping a tariff on canadian lumber. waysee warehouse, a u.s. -- eyehaeuser down. te homeshomes -- pul down as well. rising lumber crisis may mean we price increases. joe: we have had this extraordinary risk on rally. the two-year yields up. 10-year up. what i think is interesting is this is still at the low end of the range. we have clearly bounced off the bottom. it is interesting to see these two days of markets absolutely going to the moon, and yet 10 year yield diminished. meanwhile, 10-year gilts in france picking up a bit today. still very deep. a lot of those spreads closing in the wake of round one of elections this weekend. scarlet: of course we have round to in two weeks. up anywhere between 10 to 20%. and testing was toantagonistic tone negotiate nafta. the line going up indicates u.s. dollar strength versus the canadian currency. in

earnings from mcdonald's, caterpillar, dupont giving extra weight, given that they are hard-core american industry. these earnings in particular justifying the post election trump rally andent weeks and today incled. that's for sure, according to my oth sources here on the floor. so the dow and the s&p 50-day moving average yesterday, of course building on that first back-to-back 1% gains since after election, two trading days after election. and basically, this is important because moving averages gives traders and investors a general sense of the direction, the trends of the benchmark averages. well, now as you can see from these charts, we're seeing a distinctly different path for the market. so the bulls are really setting in. back to you. liz: thank you, lori. and, again, dupont up 3.5% right now. all of these companies, it's really fascinating to see the dow charging ahead like this, and we are just ten points off session highs for the dow jones industrials. the number to hit, 260 and right now we're at 21,014 points with a 250-point gain. closing bell, we are ringing in 48 minutes. she was one of the most powerful business leaders in silicon valley. but then more

mcdonald's, boeing, what? >> i think that 3m and caterpillar. 3m because of the traditional core holding.lar, because that stock has been stalled for a long time. if they call a bottom in mining and minerals and oil, then i think that you could be able to say you know what, a better second half. those are the two. 3m is opening at a high, but i do think that one has the best story to tell. >> yeah. mcdonald's just traded another high, right? all time high. >> easterbrook has delivered. people don't understand that it's not just breakfast all day. it's about technology and the franchisees buying into the model has really mattered. they added additional shifts. they clean the places more. put more money behind it. that's what's driving this thing. people don't understand, this is a guy who is re-ignited the troops, who really determine whether the numbers are good. it's not just about what we see in terms of what they serve. it's about the franchises and they love this guy. they love him. >> it goes back to when they got rid of the trans fats but took them a year to get the french fries rig

and better announcement about trump's proposed tax plan. huge day for the dow. average up triple digits driven by for you of those 30 dow stocks. caterpillar, mcdonald's all help power the dow to 30 points high per they had earnings that were solid. uber is arriving now but look to the skies. the tech plans on bringing flying taxis to dallas and dubai by 20. they are part nearing with aviation companies. the technology is brand new. largely unproven. uber says flight is the future of the business. the company also said the cars will help in areas with busy traffic. how many times have you just wanted to lift up over fifth avenue and cross town. it's not coming next week. >>> one quick correction really important. a few minutes ago we told you about that tariff. national association of home builders estimates that new tariff on canadian lumber would cost $500 billion in lost wages. you heard me say it sounds like a lot. we had a typo. it's $500 million in lost wages. i want to apologize. >> an lawful lot of money as well as this tax reform plan. a fascinating day. >> "new day" starts right now. >> we . >>> it's pretty easy to find a left leaning judge

caterpillar put up a huge beat on strength in china. biogen put up a big beat in the top and bottom lines and apparently there muscle disease drug kicked in, beating estimates by three times and finally mcdonald's, a big beat on a big mac makeover. the interesting here. you see lots of strength for some of these earnings in the u.s. mark: a big mac makeover. there is a tongue twister. let's see the earnings, lifting u.s. stocks, european stocks near 20 month high. running is now, jonathan rowe, legal and general investment management. a total of more than a trillion dollars in asset management. the risk rally post macron-le pen victory. how long is it going to run? >> i think it will run until the realization of the parliamentary elections comes around. the second round, which market seems to be largely discounting now, they think he has it against le pen but of course, not just because of their extreme policies but because he is so centrally staged. he's that everybody to the left knocked out of the competition and he will also take a decent chunk of the votes to the right. a couple of got weeks. things can happen in a couple of weeks. you can have a scandal, something on those lines, and le p

and europe now. >> caterpillar is the best performing dow component. getting back about half what we lost on thursday. mcdonald'sr dow component in the green. wells takes it to outperform. arguing their refranchising is at a reflection point and they'll have mobile ordering and pay at any rival. >> they looked at the technology of burger king and wendy's and jack in the box i didn't realize that they were so far ahead, the mobile ordering, key yoss -- kiosks they put in the stores. within the fast food group they're set to take share. >> i wanted to get to m&a related news developments that occurred either late last night or prior to the long weekend. money gram, in fact, did a story on them last week, they have received that higher offer that many had anticipated might be coming from ant financial. they did it prior to the board of moneygram deeming that other offer from euronet as higher as is typical in these kind of things. what might not have been expected is that it was 18 bucks. so they go from what had been $13.25 to $18 a share. far in excess of course of that $15.20 offer from euronet and perhaps makin

caterpillar also winner. verizon coming under pressure after their quarterly reports, and you can see down arrows there. two names you know so well and that is facebook and mcdonald'se're seeing a record here close possibly for facebook and then for mcdonald's also a winner. 133.28 there. and also, intercontinental hotels. that is the parent of holiday ion, further news on their cyber attack.g] start fbn 5:00 a.m. it'll get better. i'm at the edward jones office, like sue suggested. thanks for doing this, dad. so i thought it might be time to talk about a financial strategy. you mean pay him back? knowing your future is about more than just you. so let's start talking about your long-term goals. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com . stuart: emirates like that plane there, emirates airlines is the largest international carrier in the world. and guess what? it is cutt

mcdonald's. caterpillar. chevron no technology stocks of the dow biggest winners but there you are. we're going to show you some video -- president trump with a big chart yesterday. demonstrating red tape anderyone how hard it is to get infrastructure projects approved permitting process is just enormous he says. our next guest wants to build the wall. james flanagan at jk flanagan construction owner that have construction company and he joins us again this morning. have before we discuss bidding on the wall i know you've done that. talk to me about permitting process because president trump made a big deal out of this yesterday. this one holds people up. how about you? >> yeah, i mean in all construction yienl even on local level, i mean, it is a process. i mean, there's good reasons for it. i mean especially with engineering things need to be built correctly so governorring no, sir need to make sure that happens but as far as infrastructure projects, i mean, i know -- that it can take years to make happen and we need to fast track things to get things repaired busy our country is literally falling apart. >> okay how about the wall you're bidding on. you're a contractor you bid on it. hav

and i think that does matter. but when you have the fantastic worldwide organization like mcdonald's it turns out you don't have to worry about the competition. 3m, no one paid attention to it. caterpillarn its turn. so i think we look at the capital equipment companies that are benefiting from return in asia and a fabulous one in europe. but they have had a pretty decent -- it's difficult to go up against unilever which is kicking butt everywhere. wow, a great job. >> how do you arb the costco move this morning? >> i don't know -- >> a huge dividend coming. >> not really. i mean, you know, they're going to report a number. you're going to be in there. yes, can you -- like try to hedge it for 7 bucks? it's not worked before. they have done these before. instead of i think you just own it and you enjoy it. >> love it. you are a costco fan. we know you're a costco shopper. >> well, look, we go, we take the suv. you know? who does anything in bulk. i mean, even amazon doesn't do the job that costco does. i think the cost deflation in food is over. they wouldn't have declared the $7 give dindz. the stock can go to $200. >> great. see you at the top of the hour. >>> tomorrow on "squawk box"

rally up 231 points, better than expected earnings news out of the likes of caterpillar, mcdonalds didn't hurt matters, but that and the tax cut talk is all the markets needed to see that maybe this will happen. the broad blue print, of course, will be outlined tomorrow. the nasdaq breaking 6,000 for the first time ever, so a good time for technology. ironically, that industry loaded with ceos not keen on donald trump is one of the biggest beneficiaries of donald trump. meanwhile, corporate tax reform getting all the attention right now, the fallout from all of this on this big meeting today, multiple meetings today about a tax cut on the corporate side that could be sliced to 15% from 35% right now. so a lot going on. we've got david hupp joining us. noel, a lot at stake as they go through the details of this not the least of which is whether you have to pay for it. the message from the president is no. he thinks deficits be damned, you're eventually going to get revenue down the road, so deal with that. what do you think? >> i think it is absolutely, as you know and your viewers know, it's crucial that we get tax