>> carl: come here. come here. [ all speaking over one another ] >> carl: yeah.: for the interview. >> anthony: which is better, to be your own man, upholfaly tradition in a dangerous ever-shrinking, ever more difficult business trying to catch fish in the sea or carry a golf bag for a wealthy tourist? i couldn't tell you. i was in the service industry cooking people's food for most of my working life so it's not like i have anything against it, but i don't know. >> carl: it's a joyous day. let us find the spirit in man and travel to the unknown. at the end because we're here in the present that it just started. it is coming we out of the unknown, out of the nothingness, and we're going to go on into the information highway into the celestial. we are what you call astral travelers, so traveling dimension to dimension. if one man die, all men dead. and if one man live, all man live. tolerance. one dog, one foal, one cow, one puss, one moon, one sun. it had to be multipurpose in order sustain energy and life so you have black, blue, green, pink, yellow, river, seed

carl: no.ved from a perpetual license to a subscription business so we now have an annual subscription, which means over the course of 3-4 years, customers pay more but the upfront payment is lower. that is why the financials look worse in the short term. if you look at the balance sheet the moneyit, you see has moved. cory: it seems to me at least that, maybe because you're right across the street, you offered a lot of new products that really take advantage of things you could do in the cloud that you could not do before that open you to bigger markets. carl: when think about it, the thing to do when you get this opportunity is not to repeat your last act in the new way. don't take the old idea and do it in the new platform, think what can you do that is different than what has been done before? what customer problems can you solve? i think we've done a good job in the world of construction, we have taken things to the jobsite that weren't there, in manufacturing, we have allowed supply chain

good morning, steve. >> hey, carl.e hotter inflation numbers this morning and better retail sales are combining with yellen's comments essentially to give the market a -- price in a higher chance of that rate hike in march. if you take a look right now with the fed funds probabilities, what you see is we're up near 27%. and we've been as low as 7% or 8% when it comes to the probabilities for march. now it's up near 27. in fact, when i look down the road at december, i see them beginning the process of possibly pricing in the third rate hike. then you look at the data that we had. there's the probabilities right there. right now 17.7 but actually it's 22 down from 26 a little bit ago. but that's gone along with a higher two-year note as well as rick has been telling us all morning. take a look at the data we have. headline cpi 0.6, 0.3 both hotter than expected. that's negative upside there. and retail sales stronger than expected as well. 0.4 and 30.8. headline numbers 2.5 year over year on the headline, 2.3 on the qua

this is bloomberg. ♪ carl bass is joining us.bave been doing for a while, i've been seeing you for the last 14 years. it has been a while and this was in the works for a while. investors have been asking for some changes. it seems like they finally started to see your plan was working. i think they as well as the rest of the investment community. if you look at stock performance over the last year, stock is probably up 60%-70%. 44.26%. -- bad, that was ebay. you were right. carl: help me out a little bit. investmentsactivist as well as the rest of the community. they came along at the trough as worst in thet the company was vulnerable. i think we have proven out over the last 12-15 months he had a good, solid plan and things are going well. they figured they could move on. leaving,n planning on i have decided it wasn't a good time to leave and that stable leadership would be helpful. cory: you got the full one-year until, from february 8 the end of the day, 95%. a good number. carl: investors are happy. more importantly than the

>> carl, that's right.er alexander has confirmed that trump's secretary pick will be alexander acosta, the dean at the florida international university now. he was an assistant attorney general under george w. bush. we're expecting that announcement now at 12:30 here at the white house and a hastily arranged press conference from the president of the united states. he just announced that while he was meeting with members of congress earlier today. so we're expecting that news her shortly at the white house. that's the name we are given, alexander acosta, the dean at florida international university for labor secretary, carl. >> we'll be hearing more from you in about half an hour. that press conference originally thought to be at noon. now 12:30 eastern time. we'll see you then, eamon. >>> meanwhile, markets still, a lot to digest today. >> certain stories that just aren't working well, like the avis car this morning, taking down the transportation sector by 116 points, just one of the contributors. yesterd

that carl has gotten a lot of deals done in this space.ut when he was doing deals in bio pharma it was with his former hedge fund guy alex den whole started a new hedge fund now and activist investing in health care and left carl. so some questions about how carl will orchestrate the strategy here with him. >> interesting. you've had alex on the air before. meg, thanks. >> so why are activists apparently back? leslie pickard follows hedge funds for us and ken squire is the founder of a fund that has returned 40 p% in the last year. it's good to have you both with us. leslie, i turn to you first. this is no -- i mean, not a surprise but why do you think abo activists are back? >> we wanted to dig into the data to see how present they are. we asked for pem from ken's firm. it showed that 13 d filings which only indicate companies investors who have filed to show positions in companies with a 5% or greater stake are way up this year. 12% this year versus 6% last year and 6% the year to date. that indicates investors have been buying into mayb

carl? >> oh, yes, i do. but again, i think the larger thing is that donald trump is a creature of media. his whole career and professional life has been based on a media frenzy of his creation, he's a master man lip lator, and we're watching it. we have so many stories up in the air we can't keep track of them. and i think that's what donald trump wants, he wants to make the conduct of the press, as i say, the real issue that will divide the country, appeal to his base, keep republicans in line, i'm not at all sure it's going to work in the long run, because he has no interest in the truth whatsoever. and the best obtainable version of the truth is what the media is engaged in here, it's time for us, i guess to do more investigative reporting, we don't need to defend ourselves, we need to get down and investigate his agenda. >> john, you were the former fbi deputy director. would you have ever reached out to the west wing to discuss a politically sensitive investigation of the west wing, or would you have de

[laughter] it's hiaasing en. >> carl harrison couldn't be here, but i'm in his place. >> carl would be famous if he had a normal spelling. [laughter] anyway, first of all, thank you recall for coming. thanks to jamie for putting on this incredible writers fest. [applause] and what we thought we would do in the few minutes we have left -- [laughter] is, we're both going to just briefly talk about our newspaper careers. >> first, though, we have to thank the festival for fitting a million and a half people into this room. [laughter] >> it is really an incredible crowd. >> that's the national park service estimate. >> the national park service estimate. [applause] [laughter] >> i've never seen a crowd this big in here. >> oh, it's the biggest, most amazing crowd. >> huge crowd. >> huge crowd. [laughter] >> so we're going to briefly for those of you who don't know us, we're going to tell you about our newspaper careers, and then we're going to talk about florida a bit. well, more miami -- well, whatever. we'll talk about florida. i started the newspaper business in 1971. i worked for a new

we'll be on the driveway again, carl. preamble by the president of the united states right now, important what he didn't say as well as what he did say. andrew mentioned travis kalanick of uber pulling out in rather dramatic fashion from this event last night. the president did not talk about that, but he did emphasize to the group how elite this group is, how selective this group is, and said several times just how many people have been contacting him trying to get into this meeting. so, the president here intends to explain that if one person is dropping out, there are certainly plenty of others who could join the conversation. and then one style point i'm noticing just watching this tape as the president works the room, just how many of the ceos are wearing those bright red donald trump ties. you see stephen schwarzman sitting next to the president wearing that tie. i saw at least one other one in the room. and i can tell you, guys, in the trump era here in washington, those bright red ties, donald trump's signature, h

carl, see you at noon eastern. >>> thanks, scott.et to rick santelli and get "the santelli exchange" at the cme. rick? >> thanks, carl. i'd like to rem my guest, rob nichols. rob, thanks for taking the time today. >> rick, thanks for including me! i'm excited to be here. >> all right, listen, you know, many might not know that the federal reserve is owned by private investors, and those private investors are in the form of banks, and they get shares, they can never sell them. but there is a dividend that's been associated with them for over 100 years, 6% dividend. but that all changed. it's a weird story with transportation and all the changes kicked in january 1st of this year. tell us about it and tell us what you think about it. >> well, rick, i'll tell you. so, about a year ago, congress, to pay for roads and bridges -- and mind you, infrastructure's very important in the united states, we need to improve it, so we're not anti-infrastructure -- but they took, rick, $17 billion from 72 banks in the united states of america in the

and they, little did i know, forwarded my application to carl sagan's office, and carl sagan wrote a personal letter to me. >> oh, my god. >> hand signed. >> hinojosa: you get it in the mail? >> in the mail. i said, "carl sagan? is that the same guy who's on the tonight show and the..." i said, "oh, couldn't be." and i looked, i rubbed my eyes, and there it was. and he invited me to cornell to help me decide whether i would ultimately attend there. and i said, "is he joking, is he serious?" and so i, you know, called to make arrangements, and yes, he met me out front of his building, out of his lab, invited me up, chatted about the universe. he reached back, pulled out one of his books. i thought that was the coolest thing. he didn't have to look. he pulled back the book, it was the book he wrote, signed it to me. and this is cornell university in the winter, so, like, it began to snow that afternoon. and he drove me back to the bus station, because i took the bus up there from new york city. and saw that the snow was getting thicker, and he jotted down his home phone on a piece of p

eamon. >> reporter: hi, carl.xpecting now to see the video of president trump with the airline and airport ceos momentarily here. the pool has come back out from that meeting and our phil lebeau was just talking to some of the pool reporters who say that the president here is very critical of airport infrastructure, the faa. and this is a president remember who's done a lot of private aviation himself. he's owned an airplane. he's operated an airline. so he would be entitled to feel as if he knows a little something about this business. so we're going to wait and see what the president has to say here. but we're also told that he said he's going to make a significant tax announcement in coming weeks. not clear whether that tax announcement is specifically connected to airport and infrastructure funding or if it's something else that he's talking about here. so we'll wait and watch for that as well. and then of course we'll wait and watch for any comments from the airline ceos themselves and the airport executives.

hey, rick. >> hi, carl.in i like to kind of catch up with you, the viewers, on what's going on technically in the market, and i always like to preface that technical analysis is as much art, maybe even more art than science. but trying to handicap the repetitive and predictable nature of human behavior as it affects trading has been something that's followed the market since the markets were first created. now, let's look at some historical charts, shall we? one of the key levels that i've been looking at for quite some time is right around that 2.60, 2.61 level. and on the next chart that you see, it comes from a mid-september key high. as a matter of fact, a very key high. you can see it on the far left of the chart there. you also see on the far right of the chart, that's about where we've stopped. now, another level i've mentioned often, and it was my pick in october for settlement for the year of 2016. it didn't work, but at the time it was made, we were well below 2%, and i think that it's very hard so

so, you know, carl, i don't know.ugh continues to b a -- real estate is a well known -- has a number of people working for him trying to sort of create more efficiencies when it comes to real estate there. as for po ten shlg takeout at least reported by dow jones, journal, hudson bay, didn't seem likely based on the conversation i had with people familiar with what was going on. any number of challenges leverage taken on by combined companies being a concern. simply being able to get to the number to be able to make it necessary to make it happen. we'll see. >> jim, got record highs on all three indices again. >> yeah. >> dow's up 70. and by the way, if we hit 2324 and change on the s&p, that is 20 trillion in market cap for the first time. our thanks to peter and howard on that one. >> let's use the hasbro call from goldman as an analog to what's going on. now, hasbro reported an amazing quarter. the ceo came on "mad money" a week ago, this is a lot of disney tie-in and princess toys but a lot changing. try to say mo

you have seen these ads of carl's jr.staurants in which they have nearly naked women holding up bururgers in front of theieir breasts or lying on t te floor eating a burger r or feedg each other in naked positions. you u look at the data from ouor report andnd other reports showg that young women, often very young women, 16, 17, 18 year old girls, were harassed, grabbed,, asassaulted in various ways and told b by customers, wireded you dressed like e the girls in thee ads? clearly, this is a man who doeos not respecect women a at all, is fine with women being degraded, and he has said ugly women do not sell burgers. and he is also fine with young women being assaulted in his restaurants when they are trying to do their jobs. of women in our survey said they had been sexually harassed in various ways weird that is 1.5 times the rate of the rest of the industry, which already has five times the rate of sexual harassment of the entire rest of the economy. you are talking about the worst sexual violator of any company -- and

to carl's point about is it penetrating into the american public. i can remember in my own backyard in pennsylvania covering a trump event and i was on the phone with my editor and a woman, elderly woman later told me she was 74 said do you work for cnn. i said no. at the time i didn't. she said that's good because if you did, i would spit on you. i was like, what. that is penetrating into the american public because she believed that we were unfair and that we were deliberately trying to hurt her candidate. having said that, trump, i believe that trump believes he needs someone, a straw man. someone to blame because there's not a hillary clinton out there. >> an opponent. >> we make the most easiest foil for that. our problem tends to be is people believe we spend too much time focusing on what he says about us. they would like to see us spend more time on what he's doing. does that make sense? >> it does. i would argue some of his actions, what he is doing is attacking the media. >> that's true. >> it's more -- go ahead and i'll make my point. >>

hey, julia. >> reporter: hey, carl.ebook beat estimates on every single metric -- revenue, earnings and user growth. i speak with coo sheryl sandberg yesterday who said the out-performance was thanks to three factors -- one, growth in the community on facebook and instagram, businesses making the move to mobile on facebook and instagram, and ad dollars following, and a strong year for product announcements, including the big success of instagram stories and growth in video. sandberg along with ceo mark zuckerberg on the earnings call last night stressed the massive opportunity in video, saying they want facebook to be a destination for video content from both friends and professionals, which is why they're investing in content and sharing ad revenue with creators, saying they're committed to a great video experience across platforms. the stock is trading near a all-time highs. they did give up gains after last night, david a winner reiterated that revenue growth will decline meaningfully in 2018 while they ramp up expen

hey, seema. >> a lot of politics, carl.e economic story continues to improve, this time on the inflation front. the eurozone just posted its first month of rising inflation across all its member states. italy sees its biggest rise in inflation since 2013. so, say bye-bye to deflation, for now. also in focus, german sentiment in business is climbing. the german stock market hitting a new two-year high and back above 12,000. in stocks, unilever on the rise after rejecting a takeover offer from kraft heinz, the consumer giant now announcing that it's conducting a review of options aimed at boosting shareholder value. investors had been urging unilever to assess its costs and structure. shares up over 5%. in the uk, lloyds posting its best full-year profit in a decade, thanks to lower provisions. it also unveiled a special dividend payout. now eyes on whether the uk government will prioritize its efforts to offload its remaining stake in the bank as the company's financial outperformance continues. alcor saw strong operating de

good morning, andrew. >> good morning to you, carl.from all over the country descending on washington, d.c. this morning and the white house in particular to talk about some of the big issues, taxes, regulations, infrastructure, women in the workforce on the agenda. lots of meetings taking place even before this meeting this morning. wilbur ross seen with indra nooyi this morning along with ivanka trump and nancy pelosi at the four seasons hotel. we took video of number of ceos coming into the white house this morning. i chatted up a little bit with the ceo of walmart, doug mcmillan, about what was upcoming. of course one of the big issues not on the agenda but we imagine is going to come up during this meeting is that of immigration, the executive order, of course the one person missing from this meeting dropping out of the meeting travis kalanick. you guys have been talking about it all morning. and also some of the criticism that some of the ceos have taken from some of their customers and clients for participating in this. elon mus

hey, eamon. >> reporter: yeah, good morning, carl.t meeting with the health insurance ceos is going to right now behind closed doors here at the white house. we expect to see some tape of that and we'll bring you any comments that the president does make. but this morning we saw the president in a separate meeting, meeting with the nation's governors, talking a little bit about where health care is going and the efforts of the republican party to repeal and replace obamacare. the president striking a little bit of a glum note here this morning, a slightly more downbeat attitude than we've seen from him in previous days. the president seeming to acknowledge at one point some of the difficulty that his administration's having in sort of wrangling all the different proposals that are out there to repeal and replace obamacare. here's what he had to say. >> i have to tell you, it's an unbelievably complex subject. nobody knew that health care could be so complicated. and statutorily and for budget purposes, as you know, we have to do healt

that is the only question at hand here. >> carl, hold on. kristen welker is still with us. given the questions, do you believe there's going to be an investigation? >> reporter: there certainly could be. i think the questions today, for the white house are going to hone in on everything you are talking about. when did president trump know that his national security adviser had had these conversations. has he seen the transcriptions of those conversations with the russian ambassador and if the acting attorney general, in fact, raised alarm bells for the white house last month, why did it take until this point to actually have him tender his resignation? i think those are the questions. you have calls on capitol hill for an in-depth briefing from the white house about this tick tok of events. i anticipate the calls are going to grow. >> carl, i want to play for you a conversation our own matt lauer had on the "today" show. take a listen. >> last month, the justice department warned the white house that general flynn had misled them and that as a result, he was vulnerable to b

van dyke, first, a clip of carl rooider who created this show. the dick van dyke show 50 plus years ago now. carl was on this program just last year talking about the relationship the on-screen magic between dick van dyke and mary tyler moore. it starts by talking about a conversation he was having with one of the other stars of the show, rose marie. take a look. >> look magazine had a picture of mary on the cover, she said to me, why do you always have mary, you push mary, i said -- and this is what i said to her, i said, in the room i said, look, rosemary, the picture of mary on the cover was not my -- i didn't ask anybody to do anything. look magazine has a constituency and they -- they love to see mary's legs. i used worse words than that. and if you can't buy that and the show is about the family. and if you can't buy that, don't come back to this second year. but that's what the show's about. you were misinformed. and she bought it. and we -- the second year was heaven. to this day, we call each other on the phone, we're best friends. >> th

back with me now, jim sciutto, kirsten powers, carl bernstein and ryan lizza.espite his warm welcome for israel's prime minister, president trump is backing away from some of his pro-israel campaign positions on israeli settlements, on moving the embassy to jerusalem. and on the nuclear deal with iran. but he did back away from a two-state solution. what is going on? >> listen, don, i don't think we can underestimate the importance of that moment today in the east room of the white house. the president backing away from the two-state solution. there's so many news stories every day, seemingly in this new administration, but this has been a principle of administrations of both parties for decades as the aim for solving this intractable u.s./israeli problem. two people claiming the same lands in effect. borders recognized by the u.n. going back decades and you have the president saying, well, it could be one state, it could be two states, as long as everybody's happy, which is, let's be honest, a fairly flip description of that intractable situation. there's an e

carl. >> the timeline is very important. it bud, that is extremely disrespectful.s -- you know what it is, bud, you are used to political rhetoric to characterize some think of donald trump on his first operation. what about the troops that died then the president obama? i would caution you -- >> president obama was in the situation room when he called for military action. >> sandra: i want to bring in some comments by the military officials. bud, there are people that are much more qualified than you to comment on this. the head of u.s. special operations at reports of planning at this rate are "absolutely incorrect." he said discussions of the raid lasted a frequency of such operations around the world. in a story dated february 11th at "the new york times," william weschler, a former top counterterrorism officials said you cannot mitigate risk admissions like this but you can mitigate risk admissions like this but you can't mitigate risk down to zero. these are just some of the things that are being said in response to so many negative headlines about this raid.

carl mentioned this at the top of the show.t this morning out with a statement about reviewing its own options saying it's conducting a comprehensive review of options available to accelerate delivery of value for the benefit of our shareholders. the events of last week, they say, have highlighted the need to capture more quickly the value we see in unilever and they do expect that review to be completed by early april after which they're going to tell us more. what will that mean? well, it's unclear. there's certainly been no shortage of speculation that unilever itself wants to be an acquirer. that is one reason why and i reported on this possibility on friday shares of colgate were a strong performer. there's also continued belief, well, with colgate potentially at least seen as potential prey for a 3g fund. i know it gets complicated here because we talk about 3g so often. there's kraft heinz which of course has 3g money in it, there's 3g which just raceised new fund which i reported may, may go after a new vertical and not

it just seems like a space that is ripe for more carl icahns. >> i think the big question is, is carl indicator in biotech either because he's going to agitate himself or because he chose to buy in at a time when it's ripe for more activism because of the valuations. >> any other investors looking around in this space? are they mostly the focused funds right now? >> of course we know jana partners gotten into bristol-myers and done agitating there as well. it will be interesting to see if more folks will jump in. a lot of activists were in more specialty pharma companies and people have been scared away from that space so whether they'll get into smaller biotechs and try to sell them is another question. >> meg, thank you. >> i'm not going to give away my final trade, but i'll say, the reason -- bristol, their cancer immune yo therapy, not great results. and that stock down 20% or so. but it's not -- that's not what all bristol-myers is about. they took a down thinking that was it but they're not just a one-trick pony so i think bristol makes a lot of sense here in a lot of different

>> hello, carl. don't think there's too much going on here but it's curious, we had a great close to europe. germany closed at a new high. we were selling off as we were going into the european close. let's say buy europe, sell u.s. maybe a little sentiment going on. talking about that trade for a while. it's too big. 23, 65 on the s&p. so we're five points off. take look at the big industrial names who are a little weak. caterpillar, for example, started strong, and has been dr dropping a bit, now in negative territory. ibm, the tech names. all the stocks have been sp spectacular recently. then we saw ten-year yield weaken, the dollar weaken. some of the bank stocks like jpmorgan turned around a little bit as well. i'll tell you what everybody is talking about here, carl. next week the president will be speaking to a session of congress and the talk here is he's going to try to push through tax cut program and infrastructure spending program. the talk is without a border adjustment tax. of course th

bottom line, carl, the whole world is about 0.5% below a new 52-week high.e've got to get is about 15 more points in the s&p and we will see 300 new stocks in the s&p at new highs. back to you. >> all right, bob. sometimes it takes a while to pass those thresh holds. i don't know. every once in a while. >>> after this break, yahoo! ceo marissa mayer going at laughs at silicon valley. right back after this break on "squawk alley." where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy

hey, morgan. >> hey, carl. happy friday.s for the dow, s&p, nasdaq, albeit on relatively average volume at least here at the stock exchange. now, keep in mind it's been a very tight range this week. we've got volatility really just nonexistent. vix below 11 this morning. that said, reflation trade is what is back in focus. that's after those tax comments from president trump yesterday, which pushed the s&p down, nasdaq to record highs at the close. that's playing out again this morning. you can take a look. it's materials, energy, financials that are leading the charge. rate sensitive safe haven sectors, utilities, consumer staples, real estate, the reits, those are falling today. though traders do expect this to be somewhat short lived until we get some of more of these policy details. not a lot of data or earnings today, but we do have a flurry of political headlines in focus. trump's support of one-china policy, the blocked travel ban and of course the president's meeting with japanese prime minister abe today, as you guy

carl?anted to bring in another smallish piece of news from the gathering earlier, so much speculation about whether the infrastructure plan is going in the last 24 hours, whether that would be this year, next year. the business community very focused on that in the wake of the president's election, a proposal for a $1 trillion package on infrastructure spending, a senior administration official in this gathering was talking to the ceos about infrastructure, and he said we need to get away from the 1920s and 1930s model of paying for infrastructure. they wanted to spend time in financing it. he also talked about the canadian federal aviation system saying it's far superior, saying how did we allow that to happen? this official said we can't by looking at 1,000 different projects, i would rather do ten well. >> indeed. that's a big request as to whether or not that package will be about roads and bridges or how fitting on today day we have tess her and hyper loops. the the president is making

hey, eamon. >> reporter: yeah, hi, carl.resident was in a chatty move this morning when the wranglers tried to pull the press out of his meeting. he insisted he wanted the press to stay and film the rest of the session, so one of the moments we saw was this conversation from the president talking about the air traffic control system and just sort of mocking it for being inefficient. here's what he had to say. >> we're spending billions and billions of dollars. it's a system that's totally, you know, out of whack. it's way over budget, it's way behind schedule, and when it's complete, it's not going to be a good system. other than that, it's fantastic. [ laughter ] >> reporter: other than that, it's fantastic, the president said. he also said he thinks that the head of the faa should be a pilot, carl. so, that might give you some sense of where this administration is heading in the weeks and months to come. >> all right, thank you, eamon. i'll take it. eamon javers. >>> twitter, meanwhile, reporting an earnings miss. take a l

carl: wells fargo.e took our medicine upfront in the crisis and i think some european banks kicked the can down the road so we definitely favor u.s. financials over the rest of the world. vonnie: it will be cheaper in places like italy and france and germany. but still to entice you? carl: we look at security from two directions. one is your fundamental view of kick the tires and meet the management. second is where is the market trading that security? security trading at a cheap level and the news is bad and it may be too cheap. that type of investing works well in this market. vonnie: where else are you biting in terms of corporate debt? carl: i think emerging markets is very interesting. emerging markets would be the up terribly in 2015. we had bad news out of china. vonnie: a as a whole? carl: i think was beaten up very badly. are some countries we like and some we don't like. for example, we like brazil, argentina, and even mexico. vonnie: is that becoming a crowded trade, not so much mexico but br

i'm carl quintanilla with sarah eisen and david faber. testifying on capitol hill in front of the senate banking committee. we'll take you there live. s&p down 3.5% in six sessions. fed chair yellen about to deliver the semi-annual testimony in front of the senate banking committee. let's get more on that. >> janet yellen is flagging here. the fed will be evaluating whether or not to raise rates at its upcoming meeting. some hint that march could actually be on the table here. she also warned that waiting too long to raise rates would prove, quote, unwise. she also mentioned though that the pace of rate hikes is still likely to be gradual and monetary policy is accommodative. when it comes to the economic outlook, no big change. since her speech in january, she says gdp is growing at a moderate pace, inflation and rising to its goal of 2% and the job market is continuing to strengthen. particularly in wage growth, involuntary part-time employment and minority employment, some of her favorite measures to look at in the past. janet yellen n

good morning, eamon. >> good morning, carl.ected to be a business focused day here in washington, d.c. after we saw a legion of ceos at the white house on friday. today, the president is still in florida. he went down to mar-a-lago over the weekend, had a super bowl watch party last night. but he's already been tweeting out some of his complaints and criticisms of some of the criticism he feels he's been taken over the weekend. start with this first tweet this morning, he said, any negative polls are fake news, just like the cnn, abc, nbc polls in the election. sorry, people want border security and extreme vetting. so the president there defending his executive order on immigration. and then also this one in terms of some of the news coverage of who's really in charge inside the white house. the president saying, i call my own shots. largely based on an accumulation of data. and everyone knows it. some fake news media in order to marginalize lies, so president paying close attention to the media coverage this morning. he is do

. >> civil war there something atrocious about it for mark tiferes carl carl schmidt. it's paterno were conducted within a common political unit but because both warring sides at the same time absolutely affirm and absolutely deny this common unit. [inaudible conversations] [applause]

juan: that was carl higbee of the great america pac, a pro-trump pac. correlation between what happened then, and you said this was against japanese-americans him and from what is happening now with trump and the muslim ban? >> the very fact that he brought that up to justify whatever plans they have for muslims shows that he has not learned the lesson of the internment of japanese americans. because if he has really learned that lesson, if he studied that, he would know that the lesson is we must never do that again. ronald reagan apologized for it and pledged a $20,000 token redress for that. to,000, which totaled up $1.6 billion. is totallyigbee, ignorant of that part we must not do it again. the fact he brought it up shows his ignorance. juan: but there were some people who were targeted for internment who resisted it can you talk about one particular case and what it meant and how the courts reacted? >> well, they did challenge it after they were in prison. person, but a couple and also an attorney. they challenged it all the way to the supreme cou

>> well, i don't think so, carl. the s&p 500 from the close on november 8th, we're still up 9.5%. a pause is certainly in order. in fact, some people are a little nervous we haven't had a 1% decline. >> in 90 days. >> in close to 90 days, 88 to be exact. that's only the 17th time since 1957 that we have something like that. so the big question is what does that mean? does that mean a correction is coming? i did a little work looking at that and i found that on average 30 days later the market is up about 0.9%, 60 days later 1.1 and 90 days later basically up more than that, a little bit more than that 2.7%. so essentially what i find is 30, 60 and 90 days 69% of the time 30, 69% 60 and 75% 90 days the market is higher. so no need to panic over a little bit of a pause. >> do you buy this idea that the better economic data not just in the united states but around the world coupled with the fact that earnings have rebounded and outlooks have brightened is a big part of the story behind the rally, it's not just all about

carl carl and i have to talk about it but really if you want to be a humor writer next line place to go. >> i was born in fort lauderdale and i started a newspaper's in 1974 in a small paper and i came to miami herald and 76 on the city desk and worked on the sunday magazine where dave and i cross paths. i worked on the investigations team for a few years and then a 1985 started writing a column which i still write for them and having outlived all the editors and publishers who i have aggravated over the years, my career got started with this tiny paper in florida was called cocoa today. it later was the prototype for something called usa today which is still around and you can read it. but i know i've one of my first assignments was a tv show called batman. there is a guy named adam west who played batman. adam west was now doing tours. he would to shopping malls and entertain kids. i got to go and had an interview and we're in a tiny little dressing room watching him try to fit into leotards and i just thought this was right as woodward and bernstein were say the whole watergate th

our seema mody's at hq with some answers. >> hi, carl.t's right, the tax holiday could see billions of foreign earnings coming home, and the hope is for multinationals to use the repatriated cash to grow their businesses, but history has shown that during the last tax holiday, companies spent most of it on buybacks. s&p 500 companies have about $1 trillion in cash held overseas, and goldman sachs is expecting $200 billion of that to be repatriated this year. now, about 75% of that cash to be used towards buybacks and dividends. that would boost the total buybacks to $800 billion in 2017, up 24% from last year, which, of course, has been a big source of demand for stocks since 2010. which sectors could benefit? think technology and health care, which in total account for 51% of the total of cash held in foreign countries. over the past three years, apple, microsoft, cisco, oracle and intel have been allocating a lot of capital towards buybacks and dividends, but they've been funding their payouts with debt. apple's debtload has been growin

home of carl's jr.nd hardee's lost support from senators on both sides after being hampered about questions about his business. we already know what democrats are calling for regarding special commissions, select committees, pressure now on intel and judiciary, jim, is this the equivalent of shoving a wide receiver at the line? is it just an initial pushoff or is there something more to it? >> well, i think things are coming to a boil in terms of who trump wants versus who he can have. and the vetting process. it just seems like -- i mean, it was really interesting a lot of coverage this morning was there was fake news hurting puzder, but in the end you've got the situation where you have social media working so quickly on these people. you have a vetting process that was not necessarily done by traditional people within the republican party. so you're going to make mistakes. i don't think that the labor secretary is as important as what's happening with national security, but it does once again come ba

it's interested what carl is saying. nixon investigated by republicans. sort of unthinkable for that to happen today. our investigations -- and democrats just as bad. very partisan with investigations on the hill. you can see it right down the middle how it goes. in this case less impetus to do it. republicans been waiting so long to do so many things and they have a wish list of policies they're going to get to implement because in control of all three branchs of government. and donald trump is going to get them to repeal obamacare and do tax reform and all the stuff they want to do. do they want to hurt the person who made it possible for them to do this? i don't think so. i don't think it's right. questions patriotic americans want to know the answer to these things. >> what's the worst that could happen. independent investigation. democrats and republicans on board. not going to change the outcome of the election. still republican congress and senate. i don't think going anywhere unless there's something major to warrant impeachment. would it? >> i th

back to you, carl. >> fight for the ages of than one.ou so much. >>> today cnbc is unveiling the firster up start 25 list. it's a ranking of up and comers that are younger than 5 years old and have raised $50 million or less. the top spot went to a california based pizza company using robots in the kitchen and of veps in the delivery truck. take a look. ♪ >> i'm julia collins. i'm the cofounder and co-ceo of zume pizza based in silicon valley. we founded this company in august of 2515. we're using technology and when i say technology, i'm talking about things like our proprietary flexible pizza making robots, or our first in their kind baked on the way food delivery vehicles. we're creating a better, healthier product for our customers. so when we think about using automation in our business, it's really because we want to make sure that we provide better jobs and better food. we've already sold our 25,000th pizza, that's a great milestone for a little company that was just founded a little more than a year ago. we've already become the

take pkg :01 banner :16 gail :55 ryan1:16 carl pkg los bocalls o lmadas automatizadas esn nuevo medoepordo 30millones a nivel nacional. gail worth, se preparaba para mudarse cuando su telfono timbr. sot gail worth / recibio la llama he said this is tony moore can you ar me clearlynd i justhung up, i didn't say anotherword l dijo es tony moore puedes escuchme? yo solo coé, no dije ni una solpalabraás. en este tipo de llamadas los delincuentes se hacen pasar por vendedores profesionales y funciona de la siguiente manera:cuando su lfono suenalos nmeros en la pantallsern desconocidos y cuando conteste, lo primero que va a escuchar es: "ha, mi nome es joshel departamento de servic al cliente. me puede escucharclaramente?" fuente: pindrop si (en un cuadrado rojo que diga: grabando) cuando usted contesta si, esta respuesta ha sido grabada secretamente. ms tarde, los criminales vuelven a contactarlo para demandar el pagoe auna factura usan esa grabacin como prueba de que usted acept pagar por dichos bienes o servicios. ryan kalember / especialista de seguridad cibernética we have se these ro