one thing is saying -- >> or maybe eric schmidt is playing the game. of president trump, it's game over. he's happy to show up and tap dance and say, great, don't get in my way. >> eric schmidt watched the cabinet meeting and followed every cabinet secretary's lead and praising the trump administration. that's exactly what we saw. but i think eddy is right. we will see innovation that will occur from the private sector and rely on trump to either get out of the way or create a favorable environment through regulation. >> was the first time you ever heard jared's voice? >> yes. >> amazing. >> it was interesting. >> listen, he knows one guy likes the spotlight. >>> all right, coming up, much more on today's special election in georgia. can john ossoff flip a red district blue? before we go, today is world refugee day. there are currently 22.5 million refugees. more than half of them, listen to this, under the age of 18. do you know what that makes them? the world's children. if you want to help, head to the u.n. refugee agency's website at unhcr.org. ple

and watching the ceos mingle with each other, interacting here in washington, including you saw eric schmidt of alba bet aphabet and google. talking at the whouite house. cross pollen nation of ideas that's what the white house is looking at ideas from private sector executives on how to improve government from every way from its i.t. to its services to its performance for the citizens jared kushner opened things up earlier today with remarks including rare remarks in washington, d.c. from, in braise of government bureaucrats. here's what he said. >> before i came to washington, many warned me the bureaucracy would resist any change we tried to implement so far, i have found exactly the opposite. >> reporter: a rare opportunity to actually see and hear jared kushn kushner, he's a powerful figure inside this white house, but rarely interviewed on television, rarely appears in public a lot of people hadn't heard his voice before today's appearance. so, this is an opportunity for him to showcase what he's been working on all year. which is this gathering of brilliant minds in the private sector

who is your eric schmidt? nimay: my vote is definitely for sheryl sandberg. don't know if she will take the job. there isn't anybody more capable and embodies the culture and values that the company needs on a go forward basis. more generally speaking, they need someone with global experience, experience running a rapidly growing business as complex as uber is. and someone that embodies those values that they are looking to define on a go forward basis, inclusion, empathy. these are things that the board and investors are going to be looking for as they look to define the new ceo and fill up the rest of the operating bench. caroline: has sheryl sandberg been approached by the board or by investors? nimay: i don't know. caroline: can i quickly ask, therefore, how much you worry about the control travis continues to have from a voting share perspective, nimay? nimay: going back to his resignation and him deciding to do that, i think that the first step -- that's the first step in recognition that this is the right thing for the business. from a governance stand

who is your eric schmidt? nimay: my vote is definitely for sheryl sandberg.here isn't anybody -- i don't know if she will take the job, but there isn't anybody who is more capable and embodies the culture and values that the company needs on a go-forward basis. but, more generally speaking, they need someone with global experience, experience running a rapidly growing business as complex as uber is, and someone that, again, embodies those values they are looking to define on a go-forward business. -- basis. inclusion, empathy, these are things that the board and the investors are going to be looking for as they look to define a new ceo and fill out the rest of the operating bench. caroline: and can i quickly asked, therefore, how much you worry about the control travis continues to have from a voting share perspective? nimay: going back to his resignation and him deciding to do that, i think that is the first step in a recognition that this is the right thing for the business, and from a governance and control standpoint, i think there will be steps taken on

eric schmidt is now on stage. he's going to be fielding questions from shareholders. bring you those headlines as they come. scott, back to you. >> josh, thank you so much. not going to get much flack for what the stock's done. sy sirott? >> no, and they've delivered. if you look at youtube and they compete with microsoft azure and cloud. and the other one people don't talk about is the cloud. they have a real cfo in there, a real team. and i think this is going to be a company that's been around for a while. >> you like it as well? >> i like it. i've been long calls in here for a couple months. >> you would be hard-pressed to find anybody that's negative on any of these stocks. >> they dominate their group. they've got the growth segment with youtube where they get a lot more margin. you've got the cloud space, where they continue to grow. so it's tough to really find anything where you'd say, you know what, yeah, google, i don't think that's right. >> and they become more transpare transparent in their financials. now they're telling you what they're doing. are they

also some of the biggest names in technology that will be here, including tim cook of apple, eric schmidt of google/alphabet. and the challenge here for these two worlds that are colliding in this meeting today, they're going to be talking about government i.t., how to bring in ideas from the private sector, but you've got an administration that has been focusing on old economy jobs for lack of a better phrase. they're focusing on coal, oil, they're talking about manufacturing plants and keeping those plants here in the united states and then you've got the tech sector, which is really focusing on automation, driverless cars, ways of pull iing technology out of the economy in many ways. let me toss it here from the north lawn of the white house over to the southwest gate where kayla tausche has been on duty and she's monitoring arrivals over there kayla? >> reporter: well, eamon, it's just about less than an hour before this meeting is officially slated to begin and we are seeing the ceos trickle in you mentioned eric schmidt of alphabet, the executive chairman we asked him what he and al

biggest name in tech including tim cook, jeff bezos, eric schmidt all meeting at white house now. soon the president will join them for first of its kind tech summit. why they're there, what they're hoping to accomplish. new role for press secretary sean spicer. we have breaking details on this one. president trump's legal team is out in force with his lawyers stressing that the president is not being investigated. this, as the special counsel expands its ranks. what all of that means. among our guests this hour, alan dershowitz, mike baker, morgan wright, dan henninger. david: with those guys you know it all. the dow surging into the close. ending up 142 points. this is record high. go straight to nicole petallides on floor of new york stock exchange. this never ends, does it, nicole? >> david and melissa, some traders are saying make dow 22,000 hats? one has a dow 30,000 hat ready to go. there is certainly a lot of optimism. this is the first time we cross 21,500. new high for the dow and s&p 500 and tech stocks bounce back. break it down. driving stocks to all-time high. apple,

biggest name in tech including tim cook, jeff bezos, eric schmidt all meeting at white house now.l join them for first of its kind tech summit. why they're there, what they're

today's round table of the american technology council, on hand were google alphabet chairman, eric schmidteff bezos, they criticized some of the president's policies on issues such as climate change but sat down with mr. trump on a discussion on improving the government technology infrastructure. >> turns out federal agencies collectively operate 6,100 data centers, the vast majority can be consolidated and migrated to the cloud, something a lot of you know a lot about. >> tim cook has been cultivating an open dialogue with mr. trump and especially interested in pushing strong encryption for mobile devices to protect user privacy. >>> the american college student who was just freed by north korea has died in his home state of ohio. 22-year-old otto warmbier was in a coma when brought back to the u.s. last tuesday. north korea accused him of trooiing to steal a-- trying to steal a political banner at his hotel and sentenced him to 15 years hard labor, he was held for 17 months before his release. on news of his death president donald trump said "bad things happen in brutal north korea." but

several silicon valley ceos they are and several include the apple tim cook, oracle, alphabet eric schmidtzon as well. they will are expected to talk about how the better use of technology for the federal government. many of the tech industry executives have denounced the president's policy on immigration and climate change in the past few months. >>> it is 5:40 am. >>> traveling with no paper boarding passes or cell phones, one airline is testing facial recognition technology a decade after a similar system failed, and coming up we will show you what has changed. [ crickets chirping ] [ light music playing ] you've wished upon it all year, and now it's finally here. the mercedes-benz summer event is back, with incredible offers on the mercedes-benz you've always longed for. but hurry, these shooting stars fly by fast. lease the c300 for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless

eric schmidt already arrived, executive chairman of alphabet, the company we used to call google, the company. they will talk about different issues about technology and improving again systems in the u.s. government which are 10 to 20 years behind. among the topics, are electronic medical records t takes up for the sick months for the va to get medical records for someone coming into the system. h1b visa program, they want to remove fraud and streamline it. artificial intelligence, this is about machines learning how to do function as will as big data. neil, this is about the government having the secure ability to go into the cloud. one final thing. senior administration official tells fox business that quote, these are things that are going to require years to really make significant progress on. our systems in some cases are 10 to 20 years out of date. so we're not going to fix that in one day but we have to start now. now is around 1:00 p.m. when the tech ceos will meet for four hours. they will meet with the president later this afternoon. they have an executive dinner with the

google brought in eric schmidt. maybe this is an opportunity.estion whether it should have been done a long time ago, and travis kalanick would have kept his job had he bought adults in the room early on, bruce. >> you made a lot of points, all good. other companies done it, yin and yang, adult, babysitter or operator. but at the same time should they have done it sooner? they say the two best times to plant an oak tree, 20 years ago or right now. they're doing it right now. it makes a difference because now they can grow the company in the ways they have to grow it. they might not need what he brought to the company anymore? they need something different. trish: but is the pendulum swinging too far? let me ask you you that as well. you have the board member, private equity investor tossed out because he made some, pretty knock with us joke, but he should not have made it in the climate we're in, talking about women, but arianna huffington said not a big deal but he resigned over the whole thing. we've become very sensitive to all of this as we

eric schmidt said you can't cover it 100% and he is right.ou can certainly narrow the odds. >> you have just come from your annual shareholders meeting. >> yes. >> 21% of people voted against your 48 million pound payback. >> you say payback. it was pay for performance. based on five years of performance. there were two votes. one was the vote on the single number, which you are referring to. again, determined by performance. the second vote was on policy, which has changed and shifted. that was, i think, 90%, 92% in favor. >> 21%, do you see that as a protest or an improving trend? >> if you look at the history, it's an improving trend. the plan that you referred to that matured last year and the one before were both plans that were approved by 80% of the shareholders several years back. so this has all gone through shareholders. opinions have changed. well see. this is related politically as well. the conservative party, as the labor party moves to the left, the conservative party has taken the center ground and you could say center left. s

cats, tim co, eric schmidt. they are here and here's what they said about the need to tackle this project. >> many of our federal systems are decades old with our ten oldest being between 39 and 56 years old. the department of defense, for example, still uses eight-inch floppy disks on some of its legacy systems. >> and another example of the antiquated technology, some 532 forms on the va website, but you can't fill out the form with modern browsers. you have to print them, and it becomes a nightmare for veterans. so this is about streamlining this kinds of services. the va or the h1b visa program to remove fraud and streamline that process. but also about big tech because they want to move data. 6100 data centers can all be moved up to the cloud efficiently and safely, and they're going to start that process today. not moving it but laying the ground work. could save billions of dollars over the next ten years. liz: they're on floppy disks? i thought that went out. >> i'm going to go get an 8 track and live li

in fewer would play the eric schmidt role, it would happen.ut it, i don't want to touch it >> they have to get their narrative right. they're finding their legs i think the team did a great job getting this thing public. and i think evan -- >> i like him, too >> evan is a great product guy we'll give jeff lucas some time. they've announced a couple of ad things let people use credit cards to buy ad, they bought placed, an analytics company. but on the reverse side, i hear things coming out of there, a lot of executives leaving, a lot of turnover. they got the find their metrics they can operate the business with and that's true for everyone from uber to even facebook and facebook has a bench and a set of people that are just world class operators and i'll keep going back to that for the next year or two if you have me on again because that is how company's succeed or fail. >> i got to wrap first couple of year, insta dpram, it was about showing people how cool you are. it's great right now, zuckerberg has it so we want more followers he has pe

she then compared uber's situation to the early days of google when it first brought in eric schmidt as ceo to help cofounders brinn and page to manage the company. >>> construction on building prototypes for president trump's planned border wall expected to begin this summer and four to eight companies will be getting contracts to build the prototypes, but those contractors may not be from california, and that's because a bill has passed the state senate, and it would prevent california from contracting with businesses that bid on the border wall. so democratic lawmakers say the wall demeans and alienates illegal residents, that's why they are doing this. republicans say this bill could cost californians tens of thousands of jobs. >>> this morning the senate republican health care plan is heading for a complete overhaul. yesterday president trump huddled with more than 40 senate republicans at the white house. he was unable to sway at least nine who say they oppose the plan in its current form. republicans will now work on a new version and try again after the fourth of july recess.

you look at google with eric schmidt. is that the stage they have now gotten to where travis kala i can in, he is 40 years old himself, still growing up in the tech culture needs the assistance of somebody with more maturity? >> you draw a very strong parallel between what's happening in silicon valley and what was happening when i was a young swaggering trader on wall street in the 19 '90s. we were all making money. we all felt great. we were all cocky and wore fancy striped shirts and fancy ties. i'm not wearing one today because it is 95 degrees out. the point is we needed leadership and we got it. all sorts of things happened on wall street in the '90s, continue to happen. silicon valley needs to grow up but more importantly uber needs to take action. trish: interesting you think about that, wall street growing up in the '80s and the '90s. >> yeah. trish: facebook taking step of bringing in cheryl samburg and eric schmidt. maybe this is time for uber to make a similar move.this could . >> maybe put a woman in the top

alphabet's eric schmidt, encouraging words for those worried about artificial intelligence causing massent we talked with him about it here on "squawk." he said the future is quote you with a computer, not you replaced by a computer so if you're worried about the rise in the machines and ai and some of the fatalistic things i have said, take eric schmidt's advice and feel more optimistic. >>> we should tell you that shares of whole foods has been pelted, we'll monitor and get the news about what's happening. whole foods halted for news pending. >> could be some kale related issue or something, right? >> there was an article this morning talking about one of the fund -- the founder going after one of the funds - >> there's a whole activist situation that's going on. >> not about - >> we're out of time happy father's day to both of you and to my dad and my husband. bye, everybody see you back here on monday. ♪ >>> good friday morning. welcome to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange david faber is off we were looking at some recuperati

>> well, they brought eric schmidt in and eric did wonders for the company and now they have other very senior executives running google. companies have to bring in experienced management that you can have spoiled brats building the first level of technology. once you get your point you need professional management in there. that's why i said we need names like mark field, jeff immelt or from ge. we need people who run billion dollar businesses and who can have the customer focus, transform the company. >> jeff immelt just left as ceo because his stock underperformed during his whole tenure and was the worst performing member. on the valuation, the latest financials that uber put out in the first quarter, revenues grew 18% and losses are narrowing so clearly there's a management issue but why such a sharp markdown if the financials are getting better and it's unclear what the impact is on consumers who use it >> well, because almost every layer of management has been guted now right to the top the company may not even have a ceo tomorrow if everything goes the way it should go you've ha

eric schmidt, former microsoft ceo steve balmer joined forces with operative mark penn on the fund. >> i think you're seeing the marketplace explode. i always used to say this is a country that spends more money on marketing a hamburger than for our entire political race. today we spend more on politics than on hamburger. >> reporter: this field is wide open for someone to find the next facebook of politics. back over to you. >> more on politics than we do on hamburgers, the quote of the day so far. less delicious as well. ylan, thank you very much. >> reporter: it is "power lunch." >> good point. several countries cutting ties with qatar citing support for terrorism. it is a big story for the region and possibly for oil prices as well. we'll explain and tie them together next. it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art

eric schmidt, ye. years ago, blowing hundreds of billions of dollars over the years on wasted government computers that don't talk to each other. stuart: one has to go back to the obamacare website launch which was an absolute disaster run by the government. i hope that jared kushner will persuade the tech people to do a better job next time around. liz: take a business approach to government use of computers. tell you something, know this for a fact. federal government union workers love these little junkets, invite computer crowd. eat crow sanities and what they will buy and love fiefdoms over the budgets. the trump administration is trying to blow that up and make government smarter. stuart: maybe they will push for tech people to put that money back. hundreds of billions of dollars, bring that back to america, won't you? liz: yeah. stuart: uber ceo is under fire again. about a salacious email he sent companywide back in 1919. i will call it old style management not going down very well -- 2013. we'

look what eric schmidt did for google look what sharyl sandberg has done for mark zuckerberg i disagreee and mark zuckerberg are not at war with the world. they need a strong leader, john donohu now with service now. he did such a great job at ebay or somebody like tom segs at disney it has enormous potential. i think with the self-driving cars, ride sharing, this potential is unlimited we need an executive that can take it to the next level. by the way, it wasn't really the board that acted this is a -- travis had control. he had to agree with the investors. to his credit, he did so he still controls well over half of the voting shares, but i think he recognizes it's time for a change i have great empathy for him and what he's going through personally, but there's a lot of issues in his life jeff's right, you can't have a company without leadership it's time for a very strong entrepreneurial leader. >> we're going to be on the lookout for "the new york times" reporting some of -- >> there is such a person. >> phil mentioned a couple of candidates i haven't heard saggs name. >> i would

you have eric schmidt coming in to google to provide some mature management and leadership, and the challenge the same thing. let's turn that on its head and go to a very experienced ceo. jack welch is out with a statement saying that he wishes jeff hamels the very best, but flannery,shes that the incoming ceo, will bring strong operational focus to ge. so, how does that set of leadership challenges differ from what travis kalanick and uber are facing? different. very ge is known to be an extraordinarily well-run company. it is well-managed. there have never been issues of sexual scrimmage nation, the culture pushing the edge of the law. -- sexual discrimination. ge is the opposite. ge is a very mature, well-run organization, but it is a company where the ceo faced an extremely difficult problem. he comes in right after 9/11. he has to face the 2008 crisis, and it is a very mature company, so it has not been able to sustain the kind of growth and likengs that companies uber are able to do. as a consequence, we see the stock price has floundered. the company has done ok. it just hasn't done gr

no, we will give our server to a private company that happens to be backed by george soros and eric schmidthat is a head scratcher. >> let's review some facts. john podesta was the chairman throughout the entire hillary clinton campaign. he wasn't there for a temporary amount of time. he was chairman for the entire campaign. it was interesting to look at all of the business ties podesta had through all of this he didn't give up his podesta associates, continue to have these businesses on the side so it goes without saying that the reason why in the middle of a campaign when they were hacked that they didn't want to hand over all of his emails because the massive amount of business ties, he never gave that up while maintaining his control over the hillary clinton campaign. this was intermingled. don't forget she was former secretary of state, she had ties with the clinton foundation, international business ties were well known and already under scrutiny and john podesta is in the middle of that. dagen: dagan mcdowell. another development yesterday was lost on many, but not mary kissel over h

eric schmidt.en angry about some of the administration's moved like pulling out of the paris climate agreement. elan musk of tesla actually pulled out of advisory counc tim cook hasaid before on the record more important to engage. axian has an interesting angle about how they're trying to prevent the danger of becoming the devils of trumpism's nationalist wing. also wanted to exmention, the brexit talks officially started today in brussels. negotiators from the e.u. and e.u.k. are meeting. they've got a shot clock now march 29th, 2019. the last day for the u.k. in the year. as far as big business and the markets are concerned, one big issue to watch here is how much they prioritize the single market. the u.k. staying in approximate europe's market without tariffs or any kind of -- any kind of obstacle. that's a big one, whether they prioritize that over immigration. back to you. >> sarah eisen. thank you very much. >> thank you. >> all right. we have some breaking news now related to syria. russia

she also compared uber's situation to the early days of google when it first brought in eric schmidtsting because historically, if you ever ask her about gender issues, she said she's like gender agnostic, she doesn't care about that stuff, she doesn't look at it, she's not about empowering women, she just looks at it in a different way. >> she's also somebody who has been scrutinized pretty closely and been under that glare and understood when things might be in your control, and when you feel like you're getting not a fair shake >> i appreciate her not saying all the things she's supposed to say. oh, we cannot tolerate this behavior -- >> i should say the true cynics, the true cynics have suggested, and she's been sort of mentioned about, i don't know if she'd ever get it, but she might want the job to run uber. >> by the way, travis is still on the board there, and still controls a big stake >> for what it's worth >> i'm not surprised that she didn't weigh in and take a harsh view >> michelle? >> yeah. >> apple music rolling out a new play list to show how much it knows you. the p

schmidt and mike lupica. mike, i want to start with you. you've done these charity tournaments before. eric come, they pay money, they play golf there, and then the money goes to st. jude's. normally the charity might have to pay the golf course. my own husband has played in this tournament and was under the impression a lot of people have been, oh, it's donald trump's own golf course. of course he's not going to charge them. but in fact in the beginning they didn't. and then they changed their tune and charged quite a lot of money. what do you make of that? >> yeah, it's interesting that eric trump took this and turned it io an attack on the democrats because he's under attack for this. and listen, i've been involved in a charity golf tournament for years and years and years for special olympics. and for a lot of them, we've had to pay the club. and i probably have played in more tournaments where the club gets paid than doesn't get paid, so that's just part of the cost of doing business. >> normal. >> but if you read his statements in the "forbes" piece, you would infer that all of the mo