gary, thanks to you. appreciate your patience with the president as well. southwest ceo fwar kellyo see you next time. >> i look forward to it. thank you all for having us. >>> we've got some economic data on the tape a few moments ago. rick >> i'll tell you what. there's some big data here and not necessarily in a great way, but we did see leading economic leading indicators up 0.6. that's a powerful number the highest we had was october, up 1.2, but we've had plenty of 0.6s, solid number. >>> let's move to the biggy. new home sales, that i were down over 9%. the actual number $625,000 seasonally adjusted annualized units. that's 60 grand below expectations here's the fly in the ointment last year $733,000 when it was released was the best number since july of '07. that gets downgraded in a very large way. that now stands at 689 thought stand alone, 624 in october. but that revision is a biggy interest rates at 266 are coming off as eck question it iss drop, but to find out more about that big revision, we go to our expert let's head east to diana ol' nick d 'd >> that's a pretty

eastern, tune in for the first interview with gary kelly, ceo of southwest airlines but guys, even onay we see record highs for the broader markets, transports are down more than 1%, and it is because of all of the selling off in the airline stocks right now >> in about six or seven minutes, europe is set to close. >> good to see you european stocks are not participating in this rally. you can see behind me, under pressure, here is why. euro hitting a fresh three year high, surpassing 124 in regular trade. that makes european exports less attractive when the currency rises. this outperformance comes after comments in davos by the u.s. treasury secretary saying a weaker dollar is good for the u.s. as relates to trade >>> ubs is raising the three month forecast for the euro to 125 from 118, saying in a world of u.s. dollar weakness and strong global growth, investors are looking for alternatives and seem to favor european currencies in general. >>> look at stocks utilities among the biggest decliners. plunging after lowering the earnings target for 2017 the company business in spain imp

also, "squawk on the street. 9:00 a.m., gary kelly get his take on the industry, "sawquk on the street after this. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. (tom villa) we took our world class network, and we developed devices to track environmental conditions. this device allows people to understand what's happening with the location, but also if it's too hot, if it's too cold, if it's been dropped... it's completely unique. (dennis woloshuck) if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. who knew a tiny sensor could help keep the food chain safe? ♪ [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] ♪ good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> the s&p 500 just did something it has never ever d

among the companies out with quarterly numbers, southwest airlines revenue beating forecast ceo gary kellyeform will provide meaningful savings for the company in 2018. he'll joining the gang on "squawk on the street" this morning. chronicle will sell cyber security software to fortune 500 companies. they have a huge contingent here in davos this year selling some of those services to business. treasury secretary steve mnuchin making lots of news on comments on the dollar here in davos. he said the administration is not concerned about the level of the dollar in the short term at a press conference set yesterday you might remember, he said a weaker dollar is good for the united states. the dollar then weakened after that then wilber ross -- then steve mnuchin went on to clarify his comments. >> it will fluctuate in the short term there's obviously benefits and issues with a lower dollar. again, in terms of the benefits, it is beneficial for our trade imbalances there are also issues for people who hold dollars i want to be clear in acknowledging both in the long term i believe in the stren

because it is nothing but daily humiliation for every done of them, starting with kelly and mcmaster and gary cohn and all of his cabinet. >> well, "vanity fair" reported yesterday the president was definitely not pleased with general kelly. in recent days, trump has fumed to friends that kelly acts like he is running the government while trump tweets and watches television. i've got another nut job here who thinks he is running things, trump told one friend, according to a republican briefed on the call. a second source confirmed that trump has vented about kelly, mentioning one call in which trump said this guy thinks he is running the show, sally. so most people agree that the president needs strong people like kelly to manage him. but is this what the -- is that what the president really wants? he doesn't want that. >> but the fact is that it's not possible. no one can manage him. and it would it seems to me after a year that it has been quite clear. the only person who seems to have been able to have any influence and fly under the radar is general mattis. and for some reason, he has not

trump administration despite being called enablers or much worse by many in the press, john kelly, jim mattis, garyrst instincts and move the country in a better direction. that's it for this week's show. thanks to my panel and to all of you for watching. i'm paul gigótx happy new year. we hope to so you right here next week -- to see you right here next week. ♪ ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,

trump administration despite being called enablers or much worse by many in the press, john kelly, jim mattis, garymove the country in a better direction. that's it for this week's show. thanks to my panel and to all of you for watching. i'm paul gigótx happy new year. we hope to so you right here next week -- to see you right here next week. ♪ maria: welcome to a very special edition of wall street week. i'm maria bartiromo. usually we are the program that analyzes the week that was. today, we are analyzing the year that was by looking back at our biggest news-making interviews, most memorable moments of 2017, including this moment of myself with president trump. >> this weekend is the 31st anniversary of when president reagan last instituted tax reform. >> right. on sunday. maria: that's a big deal. on sunday. exactly. do you think we

kelly on down. general mcmaster, gary cohn. wash is a place, if you don't have thick skin, you shouldn't look for a job. >> yesterday the white house defended the president's relationship with wilber ross saying the president has 100% confidence in the secretary. the question is, is that an endorsement or the kiss of death? take a look. >> do we not have the sound ready? >> yes. >> first of all, sean spicer is a fine person. >> i thought dr. tom price, who is amaze go on health care and his knowledge. i thought did he a fantastic job. >> of course not long after, that flynn, spicer, price. when they say that president trump has 100% confidence in wilber ross, should he start packing his bags? >> no. we've reported on a lot of them that haven't taken place. i think it is part of who trump is and part of the white house. i think it is exhausting. and they have the added problem that they have not staffed up the federal government in some of these appointments the same way another administration would have. so they're running with

kelly. is this perhaps an attempt to make peace? >> gary my various other generals. ...made with carbsteady... ...to help minimize blood sugar spikes... ...you can really feel it. now with 30% less carbs and sugars. glucerna. new sides of tension in the west wing. sources telling cnn the president growing increasingly frustrated with and by his chief of staff john kelly. earlier this week president trump walked into kelly's office interrupting a briefing the chief of staff was giving to reporters about immigration policy. the president decided he was going to talk on the record and he made headlines, about immigration and the russia investigation. one source described the move as a, quote, warning shot to kelly in order to show who's boss. this is your reporting. part of a team of reporters here. is this real or is this just kelly's turn because the president always needs someone to be mad at? feels real. >> i think they're one and the same often. but you mentioned the fact that it was a very deliberate, we are told, move for the president

kelly, rex tillerson, h.r. mcmaster, director of the economic national count gary cohn, senior adviser to the president and jaredhner. secretary of energy rick perry, kirstjen nielsen, and he's also bringing -- oh, yeah, secretary of labor, secretary of transportation, the u.s. trade representative, the director of the national institutes of health, the commissioner of the fda, the assistant to the president for homeland security and counterterrorism, and the director of strategic initiatives at the white house. plus the president. and that's just the ones we know about. when we saw this list, i wondered, a, is there going to be a designated survivor? but i also wondered if hope hicks is going to be going or ivanka trump or stephen miller. we asked the white house about that tonight, and they told us this. quote, we did not list all staff traveling, but simply said staff there are several staffers traveling who are not on that list. so it's not just it. there is even more than that. who are going. davos hosts this event every year there is lots of protesters usually. when you have that many world leaders in one

we all remember chief of staff general kelly's face in that unbelievable -- the sort of spontaneous eruption at a press conference, and the elevator hall when gary is jewish, and steve enema mnuchin, who is jewish, stood beside the president when he was talking in an angry and exciting way about charlottesville. the people who everyone was talking about prevailed on the president like his daughter ivanka and son-in-law jared to calm him down and moderate him don't have any power. this an ebg he dote reveals that. he wanted him to come out with a full-throated response rejecting all hate groups and white supremacists and everyone else in a formal and forceful way. instead, he got on the phone with steve bannon. steve bannon very much urged him at the time to sort of hang in with the people who were good on the wrong side of this. >> which accepts the ckop conflatation. he was acting presidential. it's an office of moral leadership. this is not a tough call. this background rumination, well, some of them i assume are nice people, that was his announcement reference to the mexican-american. but that reaching for equivalence, reaching for rationaliz

kelly has created. my own report. president trump consulted the inter interior secretary. president had economic advisers garyn, wilbur rothstein in the room when he was planning the syria strike. he asked their opinion. he likes getting opinions. he asks anyone. and doesn't see things in lanes that john kelly does. i think that is an ominous tension and will continue to be unresolved. i don't think there's anything eminent in terms of kelly leaving the white house. >> sam. >> it's sam stein. a bit of an observation, but also a question because you're sourcing here is much better than mine. i get the sense from talking to people who have talked to trump that it truly is a simple formula. if you are the last person in the room with him, you have a greater likelihood of your position prevailing. that's sort of what got him to agree to sign any piece of legislation in that infamous meeting with lawmakers. also why and correct me if i'm wrong senators purdue and mccann basically demanded they be in the room during the infamous s hole debacle. if that is the case, i'm wondering, how do you end up forging immigrati

gary kaltbaum, thank thank you,. see you real soon. now this. >>> white house chief of staff john kelly president's tweets. roll tape. >> i was not put in this job to change the way the president of the united states does business. i was put in the job to make sure the staff process better informs him on a range of issues. he often times asks me, i'm thinking of reinforcing whatever message on that given period of time, with a tweet, what do you think? absolutely. sometimes he doesn't ask me that. he doesn't have to ask me that. stuart: okay, doesn't have to ask me that, okay. lawrence, do you think the president should rein himself in on tweets and wild statements? >> i go back and forth on it. i understand the entertainment aspect of donald trump. that is how he speaks to the people. sometimes the president steps on his his own message. that is problematic. i would prefer he talk about unemployment for black americans being at 45-year low, lowest it has been tracked instead of liberals talking about raisist comments he said before they perceive as racist. when you have the narrative b

kelly, is to discredit the president himself. the description of the president in this book for the people very close to him including gary kohn, steve mnuchin, reince priebus, with all of them referring to the president as not very smart, not able to continue -- execute rir rational conversation, not somebody who was willing to read even short briefing memos this is a deeply, deeply troubling picture of a president. now of course we don't know the veracity of all the information, but, this is altogether unhelpful to the white house >> kelly and i have been talking about this, i read more excerpts on my way down here that are excerpted in new york magazine this is not just about steve bannon by any means, this is about -- >> oh no >> the whole campaign and the presidency and it really points to how unprepared or at least it portrays it that way, unprepared the trump administration was because they realistically, according to michael wolff's book didn't expect to win the election. >> that's right. they didn't expect to win the election that they were as a unit, as a team, completely unprepared. there is a description of a conversation

kelly has done a good job of putting that down. >> this is a pretty scathing portrait of the president not just from bannon and reports gary cohn,nce priebus, h.r. mcmaster described the president with words like i had dot, dumb and dope. >> i don't think any of those people think he is any of those. people were calling george w. bush all of those sorts of adjectives and says you cannot presidency. you know he's not dumb. i know he's not dumb, in fact, if anything he has probably the best emotional intelligence in terms of sizing and reading people and he got steve bannon right and he basically declared that yesterday for everybody. he probably felt that way privately about him and he was trying to keep the peace, he liked to keep the coalition of the republican party together but when you have a lone wolf operating rogue he had no choice but to do what he did yesterday. >> anthony scaramucci, thanks very much. we'll be right back. ng all your posts about the new weight watchers freestyle program. stephanie b. here, says "freestyle is freedom to choose and flexibility to live." i agree with you, stephanie! how much easier is it

are gary cohn and you are surrounded by children and you've run goldman sachs or if you are hr mcmaster and you have been studying this and living this your entire life or if you are general kelly and you have sacrificed a son, and you are served your entire life. this country, or if you are general mattis and you know that we could be in a nuclear war with north korea or at least a conventional war on the korean peninsula, that could kill half a million people in less than a week t. horrible choice you have to make is do i stay here and work with this wild who behaves like an ar gant fool, behaves like a baby, again, if you believe everything that's said in this book. my assertions, of course, but do you stay as a service to this country. despite the fact that it is the worst job you've ever had and it is the worst job you will ever have and i do put steve mnuchin in another category, i think he loves going to ft. knox with his bride and looking at the vernal equinox whatever they look at while she is wearing her cruella deville outfit. >> babying the money. but. it's different for cohn and mcmaster and dina powell and others. >> that's a terrible e terrible truth. what if you