cme group - how the world advances. ♪ trish: all right, everyone the president is set to sign his proclamationn steve and aluminum tariffs in just about an hour from now. there has been a ton of push back on this, you heard some right on the show but my next guest says this will in fact level the playing field of the steel industry. here to explain the ceo of commercial metals miss barbara smith. barbara, good to see you. thanks for coming on. >> thank you. trish: so it will happen in just about an hour. what will it mean for your industry? how will it change? >> well you know, it is really going to level the playing field. we're all for free trade but at the end of the day it needs to be fair trade. this will stem the flow of

good to he soo you >> thank you >> meantime, the cme group announcing they'll acquire the uk financialompany for $5.4 billion it will be the first for the cme since '08. and terry duffy, cme group chairman joins us today. good to see you again. >> thank you for having me >> tell us what we need to know about this firm. >> we like the noise nex is an outstanding firm as you know it has the cash platforms on the interest rates and then the platform on ebs for the foreign exchange very complimentary to cme's futures products and then they have the compression services on the back end for efficiencies for clients. and then obviously they also help with the messaging on foreign exchange so you're talking about looking the foreign exchange market, cme roughly has $90 billion a day. ebs does $90 billion a day in a $5 trillion a day market wlchlt you're able to combine the two platforms of cash and futures on one platform, taking the best of nex and the best of cme, we're confident we can grow the business likewise, putting the single platforms on the broker tech with our treasury complex. so

and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. melissa: averting a shutdown. house speaker paul ryan returning to the capitol after meeting with president trump on proposed $1.3 trillion spending bill. as we await official details set to be released any minute. congress must pass the spending bill by friday in order not to face another government shut down. here is congressman jim jordan, member of the house freedom caucus and house judiciary committee. i can't believe we're up against this deadline again. >> happens all the time. >> what will happen here? >> no one wants a shutdown. more important than that is are we going to bankrupt the country? this is the second largest spending bill increase in american history, second in the last decade only to the obama stimulus package. t

also, cme and nex group amidst m&a talks. this is bloomberg. ♪ guy: ok.are a few minutes away from the start of cash trading for some of europe's markets. a delay could be a factor this morning. stocks stories we need to focus on. joe, this is one of the great stories of the last 24 hours that could read illusion eyes -- revolutionize trading. michael spencer confirming talks are kind of happening. he is not saying it's going to go anywhere. things are occurring. joe: i was a big surprise reported by bloomberg and late after the close yesterday. cme lookinging -- to take out any acts -- out nex. when anothered company split up that was created by michael spencer. and that is a high-profile company and a big news tori today. -- story today. matt: there is news on tesco that an unknown holder's selling shares. they have 9.8 billion shares, but as we know, every little helps, right? was what camehat in last night. we do not know who the seller is. they sold shares. it's a big sale. the price was about 2% discount yesterday. company, particularly big company

and to manage this risk, the world turns to cme group. future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. stuart: he has been on the job for 14 months. he has had his shares of failures and disappointments. he is going with his gut instinct. let trump, trump. you are seeing trump unleashed. he never liked the iranian nuke deal he was constrained by the state department's rex tillerson. tillerson is now gone. that nuke deal is likely to be thrown out and soon. he campaigned against china's unfair trade practice. he was constrained by top economic advisor, gary cohn. cohn is gone. the administration has taken a very strong negotiating position right up front. according to "the wall street journal," china is quietly looking for trade solutions. trump brought them to the table. then there is the spending bill. the president really did not like it. oh, he is not

and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> where are we now 15 minutes in, 24,281. this is a selloff. let's go to the floor of new york stock exchange, i think this is all about tariffs and trade, nicole, what's the mood down there? nicole: that's absolutely right. fourth day in the row of selling ultimately. dow is down 346 points. mood overall, traders are okay, they are used to volatility, they were used -- three big days and now four down days, volatility is back, but the big picture is what the tariffs mean, 10% on aluminum and 25% on steel u it's not just that but it's about kit pal or paying for more raw materials and could spark international trade war, what will the other countries do and european union to retaliate, and what kind of repercussions would we face and

cme group can help you navigate risks and capture opportunities.enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ it should be the biggest tech raising. >> thursday is a fulcrum day there's a lot of good. we have drop box, we have the day after the fed. that is terrific we have the ec past us. >> top of the range would be $650 million raised. >> it's going to blow out that dole going to ub. >> price thursday, trade friday friday up next it's stock trading we'll be back in a minute. for your brain. ake sg with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me bef

and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. but through goodt times and bad at t. rowe price we've helped our investors stay confident for over 80 years. call us or your advisor. t. rowe price. invest with confidence. >>> it is hump day time for "mad dash." dollar tree is a name that you would like to discuss today. not looking so good. >> they're fresh as daisy and you can eat off the floor. my late father used to say that and i would say pop, why would you eat off the floor. they reported good enough. people are looking at a buck 31 or $1.85 there is a lot of

cme group buying britain group for $5.4 billion, owns the biggest electronic platform for trading, us says they will expand their presence in europe and asia and the chicago board of trade and the mercantile exchange. cme shares up 9% so far this year. former national security advisor and us amb. susan rice has a new role with the board of directors. and a cutting-edge company whose leadership high-quality productions and deeply admire. and may not be so far behind, earlier this month the new york times reports the former president was in talks with netflix. possibly involving exclusive, appearing with david letterman. blue moon beer adding a little green, launching 3 marijuana infused beer, alcohol free, served chilled only available in colorado this fall. and a stout beer just to start. shares of blue moon parent company, part infused beer, those are your headlines. maria: susan rice in the board of netflix, here's a tweet from karen nelson, big mistake, i spy. she unmasked, did all that unmasking. dagen: she lied about the benghazi attacks on national television and lied to the ame

cme group can help you navigate risks and capture opportunities.le you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> welcome back to "squawk on the street." i'm diana olick with breaking news from the realtors existing home sales in february up 3% to a seasonally adjusted annualized rate of 5.54 million units, that's a beat the street was expecting less than 1% gain sales, though, still up only 1.1% compared to a year ago and this comes after two months of sales declines big divergence regionally. in the northeast sales dropped 12.3% month to month most is being blamed on bad weather but also some weakness in the high-end possibly due to new tax laws not so in the west sales there up 11.4% and the realtors say the high end there still very strong, especially in california national media and existing home price $274,700 up year over year, no let up in prices. why? supply is still at a critical low. 1.59 million homes for sale a slight bump up for the month which always happens as spri

and to manage this risk, the world turns to cme group.mers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> we come in peace here. everybody on wall street needs to understand that just relax. if you look at the negotiating posture of this country, all these countries that are running huge trade surpluses with us have no incentives to rock that boat >> navarro on yesterday. as aaron rogers said yesterday, relax. you go european commission publishing a list of u.s. goods that could be subject to tariff retaliation. >> look, this is -- you set this in motion. this is what's going to happen the president is following up on what he ran on, which was, look, we're not going to let these companies be pushed around anymore by china peter navarro -- i have known him for years. he was at har varvard when i wa there. one thing that is certain is peter has

cme group - how the world advances.aria: welcome back, investors concerns over possible trade war rocking wall street today and yesterday futures currently indicating a decline at the start of trading of 160 points. that's two-thirds of 1%. nasdaq and s&p 500 also down 1% and one half of a percent after sharp selloff yesterday, the dow was down better than 700 points yesterday, biggest one-day decline since early february. here to weigh in research sam stovall. good to see you. >> happy to be here. maria: you're talking about backdrop that's pretty positive. >> i believe it's retest of correction that had bottomed in february 8th u maybe we go and we touch the rising 200-day moving average which is around 25-85, so they are probably further downside to go but at the same time i remind reinvestors that we are down less than 8% from the january 26 high, so therefore the numbers look large but on a percentage basis, it's actually run of a mill kind of decline. maria: you're not a worried. gary b., you said the same thing?

and to manage this risk, the world turns to cme group.ock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> good morning, 8:00 a.m. at wamo headquarters in mountain view, california it's 11:00 a.m. on wall street "squawk alley" is live ♪ and i am telling you ♪ you're the best man i'll ever know ♪ ♪ there's no way i could ever, ever go ♪ ♪ no, no, no way on living without you ♪ >> good tuesday morning. welcome to "squawk alley." we're here at post nine of the new york stock exchange. ma mike santoli is here. the dow and s&p 500 trying to post the first back to back gains in a few weeks we're going to talk more about this later on this morning

and to manage this risk, the world turns to cme group.e help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. today, the new new york is sparking innovation. you see it in the southern tier with companies that are developing powerful batteries that make everything from cell phones to rail cars more efficient. which helps improve every aspect of advanced rail technology. all with support from a highly-educated workforce and vocational job training. across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, gglobal bonds, and high-dividend strategies. sure, these are investments. but they're not what people really invest in. what people really invest in, is what they hope to get out of life. but helping them get there takes a pure

and to manage this risk, the world turns to cme group.lp farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> hello, again i'm becky quick. here's what's on the menu today. the president's proposed new tariffs angering industries across the country and governments across the globe but is all of trump's tuck toff a big negotiation ploy as the nafta talks wrap up today? we'll talk about that. >> plus, suffering for years that's what one top steel ceo summoned to the white house last yeek had to say about why we need more tariffs. is it really the tariffs or automation hurting the industry and the jobs a-rod, j. lo, and diana olick. she sits down about teaching inner city kids to be successful real estate investors. "power lunch" begins right now >> becky, thank you very much. music, a little old school there. welcome to hour two of "power lun

cme group has reached an agreement to buy next group. the value is at 3.9 billion pounds. iring next which runs markets for trading currencies complements of their operations. cme offers derivatives on many of the same things. and that is your bloomberg business flash. back to you. matt: for more on the cme and next deal, m&a going on this week, we've -- will hatfield covers market structure and joins us on set. let's talk about what this deal does for cme. what does it give them access to, is it mostly treasuries trading? >> the treasuries trading market is the dominant market. it is a fantastic asset which will be available for them. also the currencies business is marketshe largest cash globally. they get a post trade business which has generous profit margins. matt: how does the price look for cme, how does a look for next investors? >> for cme it looks pretty high. next investors they will be pretty happy. michael spencer yesterday made 55 million pounds just from yesterday's share price move alone. cross-border aspect, does that make it more difficult? >> probably not

and to manage this risk, the world turns to cme group. farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> you're watching cnbc, squawk on the street. live from the financial capital of the world the opening bell in two minutes on this final day of q1 ahead of a long weekend opening day for major league baseball we're going to watch that closely today. we've covered -- i mean faang has strong news on all of them we covered apple and facebook. amazon is now down a full percent in the fpremarket in the presidential tweet you know what, those who want to sell it,maybe they have insigh into something that most of us don't have, which is what's the next move unless there's a get bezos squad, i don't think it can happen not that i know of. and facebook, i don't know what the colonel will say today in the war room and in the bunker, but there cou

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and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. . liz: can we call of a dow intra-day chart there. it is. thank you very much. you see the dip right below where we are right now. that was a loss of 100 points and now down 15. jittery markets at the moment. 81 time the dow has crossed the unchanged line. we need to talk about the fourth quarter gdp, gross do

and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> shares of tesla fell again today, down more than 7% moo moody's downgraded the credit rating, and phil lebeau has the details, phil? >> reporter: kelly, i think what's interesting when you look at what's happening with tesla are the questions that are surrounding what's happening with its cash flow and its credit ratings remember, yesterday moody's downgraded tesla's credit ratings in part because of concerns that you're going to see a near term cash flow, not crunch, but certainly not the levels that were previously expected due to the fact that model 3 production is widely expected by most analysts to fall short of the 2500 per week guidance that the company gave at the beginning of the first quarter. we'll find out what the

. >>> stocks to watch, cme group striking a deal to buy next group for 5$5.5 billion nex runs the biggest electronic trading platform for u.s. treasuries it's the biggest deal for cme since it bought the nymex in 2008 >>> shares of swiss re are on track for the best day in about five months after reports that softbank may buy 25% stake in the company worth more than $9 billion. swiss re said in february they were in minority talks to sell to softbank. >>> and deutsche bank's ceo, john cryan, says he is committed to serving the company this was in a memo posted to the lender's website this after reports that deutsche bank's chairman reached out to potential candidates to replace cryan as ceo >>> a shake up in the president's cabinet that we had been expecting for a while now but an unexpected pick to fill that open seat kayla tausche joins us with more on that. good morning >>> good morning we thought this might happen this week, but president trump tapped the white house physician, rear admiral ronnie jackson to run the department of veterans affairs ousting dr. david shulkin who had been

chicago-based cme group snapping up the london based next group used to be icap which owns the world'sctronic platform for u.s. treasuries how will this deal shake up the markets let us bring in cme chairman and ceo terry duffy i was thinking about that reese 's peanut butter cup commercial where it became a great marriage. talk about the marriage of these two exchanges. >> liz, first of all thank you for having me. liz: sure. >> i'm so thrilled to be on with the top news anchor in business today, liz claman. liz: female. i have to correct you. >> congratulations to all the success you've had there. liz: thank you. >> and when you look at cme, liz , you know the futures world you've been around it for a long time. we deliver value we bring central pulls of liquidity together and this is one of those assets that from my standpoint the next group with their broker tech division and e bs division roughly trades about 90 billion in foreign exchange a day that's about the same thing cme trades and its listed products 90 billion the overall market in fx is $5 trillion so we're a small part o

and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. trish: this is just unbelievable story. the british government expelling 23 russian diplomats from the uk in response to an attack by the spy and his daughter. it is a done by military nerve gas in an attempt believed be by the russian government. we have more on the bizarre story. more levels of bizarreness are coming out. >> there are. most disturbing the use of a nerve agent as they like to call it on uk soil. this agent is under the group of agents called novachuk which means newcomer this is five times more deadly than the agent use to kill kim jong-un's brother. it was russian made, two things, russia went after former double agent for the mi5 who was in the uk or they have no control over supply of some the nerve agents and som

and to manage this risk, the world turns to cme group.mers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. we are now up 347 points. some good stuff to talk about today. i do hope you join at 4:00 p.m. eastern in the meantime we hope this rally will continue. i think it's at the 2:00 in the 3:00 are pretty important hours to be watching television. seamless, gotta watch. with some breaking news is that you may be talking about. foxbusiness has just learned exclusively that yet another trump campaign advisor will be called before a grand jury possibly as early as friday charles gasparino is piecing together the story right now. he's going to get in front of the camera in just a moment on this. this final hour of trade. this after last week's

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> good afternoon the fallout from gary cohn leave ing the white house playing out at the hour on wall street you can see right there, who could take over and what now for the trump economic agenda. investors taking a bite out of apple. new fears about iphone x sales in china we'll speak with one analyst who just cut his protectiduction estimates and two big interviews from the energy summit in houston. the ceos of shell and gm's ceo, mary barra scott, back to you >> thank you very much jon has made his way to the telestrator with some unusual activity this time in a tech and transport. what have you got first? >> magically, it's going to appear here. i think ups. yesterday, we got an upgrade out of it. today, we see the 109 calls. april 13th expiration. coming around pretty quick obl b obviously, just the second week in april. they bought the 109 calls. but ipg t

cme group - how the world advances. ♪ lauren: welcome back. efforts to save of the toys "r" us. the toy company executive and other investors pledging a total of $200 million in a bid to save up to 400 bankrupt toys "r" us stores. all of this as toys "r" us begins the liquidation process. could start today or tomorrow. going out of business. the major discounts will start soon, parents out there. >>> youtube is tightening restrictions on firearms videos, banning videos showing how to assemble and use a firearm. the move comes after receiving criticism for lax policies regarding what people can post in the wake of the florida school shooting. >>> and millions digging their way out as the early spring nor'easter dumbs -- dumps a foot of snow in the northeast, 4,000 flights canceled yesterday alone. i don't want to say this, but prepare for another nor'easter, number five on sunday. we definitely have a nor'easter, perhaps number five on wall street today. we have the dow down 405 points for many, many reasons today. one of them is president trum

and to manage this risk, the world turns to cme group.uture prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. . trish: it's that time of year, right? st. patrick's day, also girl scout cookie season. you know everyone has their favorite cookie. you kind of like the thin mints. but part of what girl scouts is and the cookie thing, it's all about teaching life lessons, learning a little bit of a business along the way. well, one very special girl scout is here. very special girl scout because she happens to be my daughter! alexandra, and she's here to talk a little bit about what made this experience so great for her and how many cookies she sold. i'm proud of you, honey. i'm proud of you, you sold what, almost a thousand boecks of cookies. >> yeah. >> we had a lot of cookies in our kitchen last night. there you are, alexandra was up pretty late. almost had to pull

cme group can help you navigate risks and capture opportunities.e enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. trish: all right. we've go

cme group can help you navigate risks and capture opportunities.ou to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >> exclusive interview tonight on mad money 6:00 eastern time. congrats to jim and the gang getting that interview a stock you owned since the 50s i think you said. >> yeah. >> i'll definitely watch and by the way it's weird that more people don't know -- like, momentum stock traders are aware because the stock has gone up a lot but just the innovations that nvidia is unleashing into every aspect of technology more people should be talking about not the stock but like literally -- >> not looking for publicity he's not running on television all the time >> stock up 3% ahead of that the traders are answering your tweets as well first up johnny oh asks, we asked thesame question to ourselves every day. stephen l.weiss, why does he hate the stock he holds. apple sucks but i hold it. i don't believe in micron but i hold it. >> i did not tweet that on behalf of johnny. >> he has a c

and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> we're back doing some shopping for a new tractor. that is the world's fastest. it was built for a british car show called "top gear" and v-8 engine thanks to chevy -- what do you have? >> i have a kuboda nice tractor but on that one, i don't know if that pulls a stump out of the ground that is what i'm looking for. >> give me your final trade. >> xle, long >> b of a city rare sale. >> intel holding up nicely. >> okay. that does it for us. hope all of you have a good weekend. back to "power lunch" which begins right now >> and welcome to "power lunch." i'm michelle caruso-cabrera along with tyler mathisen and melissa lee. president trump expected to appear any moment in the white house briefing room to talk about the spending bill

and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. david: it was a big rally for the dow today. that is good. in was a big move down of about 54 points as the dow settled down, heading into the long holiday weekend. this move indicative of volatility we've seen this month, this quarter, for quite a while thousand. we'll see if that changes after the holidays. lauren: unusual settle. let's talk about russian retaliation. that russia will close the u.s. consulate in st. petersburg as well as expel 60 diplomats. seeming revenge for the u.s. response to the poisoning of an ex-russian spy and his daughter in great britain. joining me to react is arkansas congressman, member of the house military foreign relations caucus french hill. congressman hill. good to see you. >> thanks, lauren.

juliette: cme group. utures trading has approached michael spenders -- michael spencer's ndx group. they confirmed they are in the earth -- nex group. they are in the early stages of negotiating. a representative from cme declined to comment. buyers plan to win antitrust approval -- bayer's plan to win antitrust approval --. the justice department's antitrust division doesn't think that bayer's proposal to sell businesses go far enough. they want them to divest more assets to resolve its concern. 2.4 billionraised euros. to make --.ing ceo joe further towards kaiser's goal of dismantling the structure of europe's biggest engineering company. that is your bloomberg business flash. matt: thanks very much for that. russia heads to the polls on sunday to elect a new president. vladimir putin is running for his fourth term, which according to the constitution could be his last. with our in moscow with a guest -- we are in moscow with a guest. >> good morning and thank you. that's right, vladimir putin is anothe

cme group can help you navigate risks and capture opportunities.e enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> rough monday welcome back jon is at the telestrator for unusual activity and it's in a tech stock talking a lot about tech today and you've got one in green. >> indeed. seagate. one that's working its way up even as we speak up about 19 cents. what did they do came scrambling in to buy the first week in april calls. these are calls that are three weeks into the future. if you take a look at the stock, it's right around 60 they're buying upside calls. and putting on a spread. now they're doing this like i say the first week in april calls. with three weeks out, i'll probably be in them about ten days i like way it's acting cleveland verge as well as steve has been talking positive ly about seagate. so i'm in. like i say, probably hold for ten days >> hard to get a bump on that. >> even on today >> 300 come back over speaking of tech, qualcomm shares are down nearl

cme group - how the world advances. melissa: at&t fighting back against the department of justice hoping a u.s. district court will allow them to go through with a merger with time warner. connell mcshane outside after courthouse in washington, d.c. connell. reporter: this did very interesting case. it is getting a lost interest. the courtroom was packed when i was in there. a lot of media and lawyers how it will all play out there. is implication for consumers will we pay more for cable. also big-time implications for business. will other deals like this allowed to go through? deals like this, so-called vertical merger where two companies compliment each other, rather than compete directly with each other doesn't normally get its way so far into the courtroom but this one has. if you look at merging properties on the screen, we'll get into the government's case. at&t already purchased direct tv. that is one entity. it wants to buy time warner which has number of cable channels underneath its umbrella, hbo, cnn, tbs, ca

cme group can help you navigate risks and capture opportunities.enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ jo shake up at 1600 pennsylvania avenue. hope hicks will leave the post as white house communications director in the next few weeks but who will replace her? joining me to discuss all this, ari fleischer, former white house press second under president george w. bush and a fox news contributor. were you surprised by this, and do you think she is exhausted and wants to go or is there more to this story? what do you think? >> every job in the white house is burnout job. i think in the trump white house you burnout a whole lot faster. no, not is surprise to me. ultimately will happen to every single person there except two of them, and those two are donald trump and mike pence. they can't leave. melissa: although there were two things recently. the rob portman incident, when they were trying to track how is it possible that nobody knew about this? john kelly said, you kn

cme group can help you navigate risks and capture opportunities.enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> you are watching cnbc, "squawk on the street," we are live from the capitol hill of the world. still digesting a job report of 13,000 net jobs were created in february it does appear of the early going, the market is going to be higher not that big response in the market yet >> a couple of bases point >> wage, everyone thought that wage were going to build what's interesting is how many companies have given some of the money, the rebate to workers remember it was just for buy backs. >> the evidence is a lot of it is going to end up and most of the majority will end up in buy backs and evidence there are wage increases for sure bonuses and wage increases >> yesterday the president said 4.2 million people have gotten bonuses as a result of the tax law already. >> that's a lot. >> you cannot be cynical about that maybe that helps spend money in retail and maybe we hav

and to manage this risk, the world turns to cme group.e help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> what the mayor of oakland did the other day was a disgrace where ted close to 1000 people ready to be gotten, ready to be taken off the streets. many of them, they say, 85% of them were criminals, and had criminal records and the mayor of oakland went out, she went out and warned them all. david: the war of words continues. president trump with very harsh comments for the mayor of oakland as that city and the state do battle with federal government over its immigration policy as the president is set to visit california next week. here is fred barnes, executive editor of "the weekly standard," fox news contributor. fred, she was trumped, that oakland mayor. pun intended. she, i think that when you have this president on an issue t

that attractive to the cme group which is the owner of the chicago exchange. that is your business flash update. get back to breaking news on walmart as the stock is taking a hit after a whistleblower claim that they were misleading e-commerce results and fired an executive for combined the company was breaking the law. let's begin tells matthew boyle covers big-box retail for bloomberg. 's is a fascinating story because much has been made of walmart's success in this area. of is that it is a big area of numbers are not accurate. what we know here? were rolling out an expanding their online grocery business and there was a lot of activity on the last couple of years. this whistleblower is saying there is a big disconnect between what they are saying publicly and what they were actually doing internally behind the scenes. waste issues his superiors and said he was ignored, and when you raise that to the global ethics department and the head of e-commerce, he was terminated in early 2017. scarlet: and under the ceo of walmart they have invested billions of dolla

cme group can help you navigate risks and capture opportunities.able you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >> this will be actually the largest pay increase for our incredible people in over a decade. it increases total defense spending by more than $60 billion from last year and funds the addition of critically-needed ships, planes, helicopters, tanks and submarines. melissa: funding america's heroes. president trump signing a spending bill giving a major pay increase to the men and women in uniform. in addition the military will get much-needed equipment, stealth jet fighters and an upgrade in the nuclear arsenal. we have the director of defense studies at the center for national interests. harry, was it worth the price of all the rest of the spending to get the military spending? >> i think the president believes so and i believe ultimately he is correct. the united states is employing men and women in uniform, the pay is considering low considering what we ask them to do.

cme group can help you navigate risks and capture opportunities.enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> we're back, pete najarian seeing something unusual in one big financial name what is it >> it's going to be bank of america. it's actually next friday's expiring 31 strike calls, 30 cents, over 7,000 of these were bought today, well over the open interest the interesting thing here, too, four to one calls puts trading at about 200,000 options as of about 30 or 40 minutes ago very active call-based buying so far in bank of america stock's about flat, maybe down a little bit i also have xlf. take a look at the september 29 calls in the xlf 10,000 of those calls were bought as well financials are hot right now those folks that bought those calls also sold puts very bullish

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. trish: trump administration says there will be no more conditions imposed on north korea outside the promise not to resume nuclear testing before a first-ever meeting between the leaders of the two nations. >> this potential meeting has been agreed to. there are no additional conditions being stipulated but, again, they can not engage in missile testing. they can not engage in nuclear testing and can't publicly object to the u.s.-south kore

cme group - how the world advances.ing more insight into how the police responded to the deadly parkland shooting last month cheryl casone with info. cheryl: that is right, maria. new details here a time line released by broward county sheriff show 11 minutes to enter stoneman douglas high school after gunman fired first shot first call came in one minute 8 seconds after shooting starring information revealing deputy peterson revived dispatchers shots fired possibly built never went inside building timely bayned more than 150 calls to 911 security video footage police radio communications hearing more calls. >> what is what is she saying what is happening? >> -- somebody just entered the room. >> okay. >> who is it that entered the room? >> the police? >> o i love you i love you not -- >>. >> it is police? >> no -- >> -- it's okay. >> police? >> the put your hands up. . >> i love you, i love you. play dead. >> well, surveillance video from outside the school may be released soon, okay, home depot, announcing its going d

cme group - how the world advances.onald trump says from bush i to present our country has lost 55,000 factories, 6 million factory manufacturing jobs, accumulated trade deficits of $12 trillion. last year we had a trade deficit of $800 billion, leadership must win again, make america great again. the president weing in response to push backs on his tariff situation, and on the losing end of trade deals, how important is the trade surplus? dagen: not the definition of prosperity, and essentially been in recession the last 30 years. we ran a trade deficit in the 80s before nafta was put in place wanted to buy other things. and manufacturing jobs number, and places like john deere at risk. mary: the state department is announcing new sanctions against north korea, willingness to hold talks in the united states, lauren seminary on that angle. >> retaliation against north korea, kim died last year after two women allegedly wiped an illegal nerve agent on his face. the weapon of mass distraction by the united nations. north

cme group reaching an agreement to purchase their next group, valued at $5.4 billion, it would createransatlantic trading venue spanning futures, treasuries, and foreign exchange. joining us now, dinesh. i thought this wasn't meant to happen, cross-border transatlantic deals. i thought this was impossible. it happened. dinesh: it has. thanks for having me. thought that this would be the big cross-border stock to trade over. but you know, this shows the ambition of cme on one hand and the interests of a business like nex. paying a high premium. 49.2% over the closing price. could someone else come in? >> there's a good chance of someone else coming in. this is a business interested in trading, pretty much. 80% on trading volume. you could think about a business in the market and think -- would that make sense. you would think that lse would be less interested in trying to merge, with their lack of luck. many of people have had that lack of luck. cme is offering that ability and you could argue that it is a bigger plan, taking on someone who has a track record in that space where it's n

and to manage this risk, the world turns to cme group.rs lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade i thyou never got the brakes looked at?l... oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that,

and to manage this risk, the world turns to cme group.prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it's wednesday, march 28th. your top stories right now. a wild day for stocks yesterday. the dow swung more than 700 points from the high to the low. the selling accelerated in the final hour of trading and the damage was steep. the dow jones industrial average down 1.5%, 345 points lower at the close. the declines were driven by a tech wreck. the largest names in technology all sharply lower in yesterday's trade. take a look at facebook, down almost 5%. amazon down almost 4%. apple and netflix also sharply lower, alphabet down almost 5%. the nasdaq was the worst performer, down nearly 3% when all was said and done. the dow industrials down 345 points y

and to manage this risk, the world turns to cme group.rmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >> big changes coming for the army's basic training program how big? >> well if you thought basic training was tough now hang on it turns out military says that the new recruits these days lacking in physical fitness and glin and they want to change that. they want to add two weeks to the ten week basic training program. they say that days of pushups situp and two mile run and that's what you have to do long gone. they say that is not a test of fitness so they have more on drills more on inspections and a lot more on physical fitness and they want to introduce a six event test to pass to show that you are combat ready. so -- if you're going sign up any soon be prepared. >> be prepared. okay. let's get to the big corporate story of the day wh

and to manage this risk, the world turns to cme group.help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. we've been preparing for this day. over the years, paul and i have met regularly with our ameriprise advisor. we plan for everything from retirement to college savings. giving us the ability to add on for an important member of our family. welcome home mom. with the right financial advisor, life can be brilliant. i thwell wait. what did you meetthink about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. thi

cme group - how the world advances. back, now this, saudi goes on highly-awaited ipo till next year. stephen short. stephen, good to see you. this deal was center piece of ambitious economic overhaul of saudi arabia. what's your take that this deal keeps getting delayed. now it's going to be getting delayed according to reports till next year. >> saudi arabia, maria, is playing extreme dangerous game of chicken at this point, at this point they may never see, when i say game of chicken, the longer way wait, now maybe pushing back a year from now, one more year for the u.s. crude oil export markets to mature, one more year for crude oil to hit the market, you're giving one more year for electric vehicles to further erode demand elasticity, the longer they wait, odds that valuation continue to fall and ipo continue to fall. maria: a couple of years ago congress changed the law allowing the victims, people who died and their families to sue the saudi government over 9/11. going public at the new york stock exchange is prob