baker hughes deal is done, the first thing they do is they buy national oil well.o it. david in. >> caller: thanks for what you do for our home gamer. >> doing my best. >> caller: i got one for you, infn. >> i do not like anything optical. i've been spooked ever since what fin i sar said. i'm going to say absolutely no. >> don't buy, don't buy. >> and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade. >>> one of the most important lessons i have learned in my 12 years doing "mad money" is diversification. my radio show, real money, which came even before i was doing this show, i was fur

huddle around a machine that gave us baker hughes. we're back in that game.ry time we see baker hughes up we say, oh, boy, there goes the permian, scoop, stack, the two really important shales in oklahoma. you saw an article today about fracking, that's because the more fracking sand the better you're doing these huge lateral drillings in the permian producing so much oil. let's not forget we're swimming in oil. we will not at low 40s. they'll shut it down. but right now it's pretty good. too much oil. i still like some of the oil companies that can produce at these lower prices, but they're permian. >> what about broader plays, lng exporters, airlines, automakers? >> airlines have been going down. >> i know. >> that's called stupid. that's an algorithm. it's their chief cost. i've been telling people to buy the airlines because you see i'm not an algorithm. i am a dollar sign represented by a man, and i can live with that, but i'm not an algo. i do like pets. there is without a doubt some silliness going on in the market. lng, there's $47 billion worth of pl

later on today, we do get the weekly baker hughes oil rig count. that's what's on task for today. you're watching fbn:am, first look at morning markets and breaking news. ( ♪ ) i moved upstate because i was interested in building a career. i came to ibm to manage global clients and big data. but i found so much more. ( ♪ ) it's really a melting pot of activities and people. (applause, cheering) new york state is filled with bright minds like victoria's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. lauren: breaking news this morning, take the deal or live with obamacare. we will have reaction and analysis for you. good morning, i'm lauren simonetti. nicole: good morning, i'm nicole petallides. the president say ifs the bill fails, he's ready to move on. does that mean tax cuts will come sooner than expected? >> u.s. stock market futures are showing up arrows, more than 40 points. lauren: you're looking at asia, nikkei in japan gaining 1% and shanghai composite in china gains two-thirds of 1%. nicole: oil prices falling three qua

but even if ge is tied up with the baker hughes merger to do anything right now, i got other buyers here, plenty of other life science instrumentation companies need agilent. there's danaher, thermofisher. they all should want to take a crack at them. i tell members of action acti actionalertsplus.com. by the way, thermofish ser a serial acquirer too. here's the bottom line. age lent's been roaring lately. i think the stock either goes higher thanks to its strong fundamentals or spikes on a takeover bid from a ge or a danaher. if they do the deal, you know what? i'm doing pretty well. i'll go waive my investment banking fee. >>> in this new world of disappointing retail sales with little or no growth, what passes as the kind of retalter you actually want to know? how about a chain with 1% same-store sales growth? i kid you not. that's what five below just delivered, and its stock roared up $4 or more than 10% today. now, we could say that in the land of the blind, the one-eyed man is king. and with an eked out 1% same-store sales growth, that's truly the definition of a psych lops prevai

as a matter of fact, we had a rig count increase again this week from baker hughes and the bochen had an increase. >> oh, it did? now, if the president -- the previous president was going to block this dakota access. but with president trump, deregulation, that oil can come back and be marketable. >> it can be. now, it was being marketed before via rail. that was more expensive. economics are not as good. so now the economics will be better. therefore there will be more of it. >> we are surprisingly underpiped in this country. and we're undergas in texas? >> well, there's two or three things going on. first of all, we have a lot of production coming on in utica. there are about 20 new pipeline projects either being built or many of them are actually reversals. so not requiring new steel to be in the ground. but a lot of pipeline projects coming on. the majority of that gas gets to the gulf coast where it will either be exported in the form of lng, or it will go to mexico. one of the two. it gets to the gulf coast, and because of that, you have this giant sucking sound along the gulf c

ge is planning to combine its oil and gas business with the operations of baker hughes. companies are still expecting that deal to close by midyear. >>> the trump administration's trade adviser, peter navarro, is stepping up bilateral trade agreement talks, focusing on germany. but our next guest says bilateral trade agreements leave the u.s. vulnerable. joining us now is michael froman, former u.s. trade representative under president obama. thank you for being here this morning. >> great to be here. thank you. >> we've spoken a little about your concern about the bilateral agreements. this is something the trump administration has said they can move quickly on. what are your biggest concerns about that? >> well, i think as both germany and france have conveyed to the trump administration, they're not in a position to negotiation bilateral trade agreements because they're part of the european union. the uk is a different story. when the uk exits the eu, there could well be an opportunity for a bilateral agreement. i think the bigger issue is that other countries are mov

they will not be the baker hughes of the world, right?ete when there is so much money looking to buy services? osmar: investors and customers certainly reward innovation, technology, positioning, reputation, and equally as important safety. i do think some of these companies are smaller than the names you mentioned that i think they could be very successful. particularly if we were in a rising market, customers like multiple service providers and they all bring something different to the table. alix: they are mostly u.s. based? international and deepwater has not seen much recovery. osmar: almost all of this activity is north american and primarily u.s. onshore driven, but those other sectors will come back. stop does the ipo market the m&a market? osmar: there's certainly an impact because it is an area for people to monetize their position and raise capital. if public equity valuations remain high it will certainly impact m&a activity, but i think we will see both and the reason is because with oil prices being at a relatively stable pe

>> for the week we added 14 more oil rigs according to baker hughes, the ninth week in a row we're seeing the rig count rise, up 244 oil rigs from a year ago. oil prices are slightly lower, been bouncing around the flat line today. looks like we'll close under $49 a barrel for the week, up about half a percent. back to you. >> thank you very much, jackie deang list. we are standing by for the first joint news conference between donald trump and angela merkel. both have said a lot from afar. what will they say when they come face to face for the first time? we'll bring that to you live as soon as it happens. hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade. any moment now, president trump and cha

i think ge, got to get the baker hughes deal done, got to get the $2 billion in unincorporated costs. i think jeff can do it. jeff isn't having it. look, the industrials have all been like this and his hasn't. i think that this was a sign of good faith, maybe trian will not say you got to put a guy on the board because you're doing exactly what we want. >> so you'd argue net positive for now? >> yeah. my travel trust owns ge, why? because i too felt they could do the $2 number. i believe jeff immelt can do this. so obviously does peltz or else they would have dumped their stock and said we're not happy. we want to be on the board. >> good insight on that, opening bell in six minutes. don't go away. >>> you're watching cnbc's "squawk on the street" live from the financial capital of the world. the opening bell in about three minutes. you probably know all the statistics from yesterday, worst day for stocks this year. breaking that streak of no 1% declines on the s&p was really a reflation trade in general. people looking at a double top in the ten-year yield, lower high in the dollar,

look at what the plan is right now until we flush out more about what's going to happen to the baker hughes that the estimates are definitely too high. i think that's the case. but then again, jpmorgan has been a gigantic bear. i think there's a lot of people in the peltz camp that wish there had been more camp flow and, frankly, far more costs taken out. far more costs. that's not happened. >> yup. >> all right. stay safe. >> you, too. >> stella, we'll see what the final totals are. we got through it. anyway, we're here. >> thank you. >> see ya. join us tomorrow. squawk on the street is next. at bp's cooper river plant, employees take safety personally - down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. because safety is never being satisfied. and always working to be better. please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. ♪ cold enough to chill my bones ♪ ♪ feels like i

hugh taussig-lux to come forward. he pleaded guilty to 12 crimes against children. investigators say he hosted underage parties at his east bakereet apartment between the summer of 2014 and may of 2016 that's in media and gave his victims drugs and alcohol, sexually assaulting four girls. >> a major new wikileaks claims the cia is capable of spying on people through their smartphones tablets even internet connected television televisions. wikileaks put published thousands of documents on tuesday. they describe how the agency can potentially use microphones and cannelures in such devices to hack them and turn them on remotely. they describe measures to bypass antivirus software in computers and get access to messages before they're encrypted on secure apps like telegram and signal. another document reveals a program the cia was working on to hack into cars either to listen in or even crash them for assassinations. the cia refuses to confirm whether the information on wikileaks is legitimate wikileaks did not say where the thousands of documents came from. >> the state of hawaii is challenging president trump's new travel ban. th

hugh taussig-lux pleaded guilty to 12 crimes against children. they include sexually assaulting four girls and alcohol. investigators say he preyed on children at the unpartiesst baker street apartment over the past two years. >> wikileaks presented information that it says exposes the cia's hacking tools which would be one of the biggest breaches in the spy agency's history. the documents describe secret methods for bypassing or defeating encryption and antivirus programs on computers cell phones and even smart tv's. the white house and the officer of the director of national intelligence have declined to comment on the authenticity wikileaks files. the reportises privacy concerns obviously and the potential for international spice to tap into our same vulnerabilities in technology security. >> 5:38. time now for accuweather. another warm day ahead but better enjoy it while it lasts. >> yes, another couple of days of this and then it really gets cold for the weekend. storm tracker6 live double scan also shows us nydia and matt tat we1ave little bit of rain out there. as we take that overhead view there's that one little line that's now pushing right down to the so

live in media and around this baker street apartment are just learning about the crime this man committed against children. police say he found them in the area. 20-year-old hugh taussig-lux began hosting parties for local teen. he said he would find them on playgrounds and once he had them alone he would rape them. >> he would play truth or dare. he would play what he called the quiet game, spin the bottle, have them take off their clothe ks as he would take off his clothes, then after they were under the influence of alcohol they would then try to sexually assault these children. >> awful to hear. especially in, you know, everybody in a town where statistics say this is a low crime area. >> reporter: police say they hope by making the case public now after lux has been send to prison, others will be encouraged to come forward. they say that dozens of kids were at parties he hosted. police also want to send a warning to parents. >> you have to keep close ties on your children. we all know that billy can say, no, i'm going to bobby's house. and with their cell phones and all the social media that exists there, they could be elsewhere. >> reporter: now, investi