ginni: thank you. caroline: the president and ceo of ibm, ginni rometty. that was caroline hyde. scarlet: let's check in with julie hyman. julie: even though health care is being debated hotly in washington, we are not seeing that much affect on how to best health care shares -- much affect on health care shares. down with the overall drop that we are seeing in markets today. --doesn't seem to be stood to be specific to the debate. a split trade today. biogenic is up after it won a challenge to a patent. the appeal board rejected an bassidity bid by kyle those shares are up, bucking the downtrend today. down.lly and amgen if you look at the other health care movers we are watching , toin this industry companies where analysts say there would be an effect from the latest revisions to the ahc a. these and stocks are down, but not down by that much. investors are waiting for a more complete, final version of the bill. see.r: lots of wait and , the judge says the sec has a plausible case of insider trading against leon cooperman. we will discuss that, next. th

ginni rometty: it does. if you look at the global technology services is this, many think it is running services for other people and has gone down, but it hasn't. we have built the backlog. part of that is the work they do around cloud. i think it is a fallacy with existing customers when they will build new things on the crowd, but they have reasons they keep other info -- it's a reality. what we had to do is build hybrid cloud environments as well as be the best public cloud. caroline: will the revenue you are garnering from the cloud drive revenue growth in the next couple years for ibm? ginni rometty: it will. 70% of all of ibm's revenue is $13.7 billion, and it is 35%. as you take a look at the crowd, the analytic revenue including ginni rometty: it is an important and good part of revenue. but i see growing is to models. very large state enterprises, or large enterprises, and really just building power. 12,000 startups today in china. 12,000 a day. you need to look at the two markets differently and s

ginni rometty: it does.f you look at the global technology services is this, many think it is running services for other people and has gone down, but it hasn't. we have built the backlog. part of that is the work they do cloud. i think it is a fallacy with existing customers when they will build new things on the crowd, but they have reasons -- it's aother info reality. what we had to do is build hybrid cloud environments as well as be the best public cloud. caroline: will the revenue you are garnering from the cloud drive revenue growth in the next couple years for ibm? ginni rometty: it will. 70% of all of ibm's revenue is $13.7 billion, and it is 35%. as you take a look at the crowd, the analytic revenue including watson, mobility and security, those are strategic imperatives. that is part of ibm. ibm. $33 billion, 41% of that is complemented by the work we do in our core franchises, which may not always be growing, but they are really important. together we are growing in the places we are investing, an

ginni rometty interview is coming up. >> kayla tausche is on capitol hill. and bob pisani on the floor. and better thrtha coombs at the. they're still trying to convince the freedom caucus? >> this was supposed to be the low hanging fruit and the promise of president trump's pro-growth policies coming to bear depends on what happens this thursday when house republicans are set to vote on the american health care act. president trump meeting with republicans at the white house this afternoon to discuss the bill further, having posted photos on instragram with health republicans this morning and the hash tag pa #pass the bill. they say it is just business as usual trying to get a deal done. >> if the house passes something, i'll bring it up and then we'll bring egin to work o in the senate and you'll have lots of stories about various people lobbying for different parts of it and we'll try to move it across the floor next week. >> he said earlier that he was confident that the house would pass it, but then he said if. it cannot pass if more than 21 of 237 repu

ginny? >> i'm ginny rometti of ibm.re going to knots announce 2,000 veterans we're certifying in cyber security to be employed and the second is public/private partnership. think of it as a six-year high school. but the graduates come out with an associate degree and with a curriculum that business will hire. and we will have 100 schools by the end of the year. and you'll meet one of our recent graduates in a second, janell richards will introduce herself, trained at the intersection of business and technolog technology. >> all right. let's get to eamon javers. remember, this is playback on tape. let's go live to the east room. we are awaiting the live news conference between president trump and angela merkel. eamon, what have you got? >> that's right, michelle. no word on whether we'll get a two-minute warning or whether the leaders will just walk in here. we'll see how that breaks down. you heard the president in those remarks with angela merkel giving a shout out to his former tv show "apprentice." he likes the word,

we have ibm's conference and rometty ibm's ceo ginni . plus, salesforce teaming up with ibm.t the same time, marc benioff says the window for acquisitions is closing. and eliminate jerks. pledges to dober as it improves its work environment. first to our lead. ibm is focusing big on the growth in the cloud, which makes 17 percent of company revenue. we caught up with ibm's ceo ginni rometty and ousted what it is about ibm's loud that sets it apart from the fears competition. it is the platform for new business. one is it is enterprise strong. enterprise strong, but you have got to prepare for the future and there are two more things about her clout that are very distinctive. one is it is data first architecture and it is called native at its core -- it is cognitive at its core. you have got to put innovation i and all the time, a pipeline. today we also announced production on the ibm cloud. that up stranded sections -- that ups transactions at 10,000 the second. that is what we need to do. and we are the first quantum computer available on the cloud. you have to do it on the

coming up, we head to las vegas, nevada for ibm's interconnected conference and speak with ibm ceo ginniometty on everything from the cloud to ibm's partnership with wanda. at the same time, marc benioff says the window for acquisitions is closing. and eliminate the brilliant ,, that is what uber board member arianna huffington promised to do. we were live from ibm's main cloud conference in las vegas. the company is focusing big on growth in the cloud, which makes up 17% of company revenue, or $13 billion worth of business. we caught up with the ibm ceo ginni rometty and asked what it is about ibm's cloud business that sets it apart from the fierce competition. the id. cloud is the platform for a new era of business. platform.is the it establishes three things. one, it is enterprise strong. you have to prepare them for the future. it is the data first architecture, and it is cognitive at its core. when i say about it being enterprise strong, one is its ness, which we will come back to. today we also announced on theain in production ibm cloud, up to transactions a 10,000 second. that is

ginni rometty thank you for joining us on "power lunch." please stay with us.more coming up on "closing bell." we'll throw it back to you. >> thank you very much. >>> we're going to take a short break here and a major market move here. the dow down over 200 points. facebook getting an upgrade today. we'll talk about that and these overall markets. stick around. ho! ( ♪ ) it's off to work we go! man: on t gulf coast, new exxonmobil projects e expected to createover 45. d each j created by the energy industry supports two others in the communi. altogether, the dustryupports ov 9 million jo nationwide. these are jobs that naral gas elping make en all e redung americs emissions. energy lives here. and her new mobi weddi ambusiness.tteons. at first, tting paid was tough... until she got quickbooks w she sends invoes, sees when they've been viewed and-ta-dah-pd twice fas for free i am bedict arnold, the famous traitor. and know a thing or two about tding. on arademarkedra platat thahas all th.. get off the computer traitor! (cannon soun . >>> hi, everybody. i'm sue h

. >> i have a local comedian from new jersey comics, ginny. you probably seen him at the stress factory. >> it is great to be here. she pronounced my name like correct so many times and then it when it came to be an on air she botched it and it's okay. it just happened so quick. i'm so used to it. in fact when you are saying it correctly so much that was a little uneasy. >> is so feel free to weigh in on anything you hear. >> dead animal. >> a little known fact wild deer from new jersey county are eaten by lions, tigers, jaguars and lepers. it's true. but first those dear happen to be killed by people like you and i driving our cars. that is how it works. under contract, workers of space farms, zoo in sussex collect the dead deer from county roads, the run stuff goes to landfill, the, the fresh meat to goes to their big cats. i spent the day yesterday following the process from roadside to the tiger stomach. they're picking up the first of what would be five dead deer he was called to pick up. >> i was standing in the entrails. that is even wo

i'm hoping jimmy carter is still alive to see the ginny worms. it's looking more dicey.although he is aware of it and i'm hoping bill gates is money doesn't run out before polio is eradicated. [laughter] >> what lessons can we learn from science and even from golf smallpox story. try to give you some encouragement about these zika outbreaks unless there's a second edition of your book in the works. >> not that i know of. i learned today that i have a sponsor when i introduce me. i didn't know that. [laughter] i get the prize all the time. i think we'll be talking about zika again. right now, what stopped zika, except in miami and it can always come back -- when i was a cop reported the police would say is the best top on the force , jack frost. why ? because people go indoors and stop killing each other. [laughter] deck frost is also the best stopper of mosquito borne diseases. it will be hot and wet again and the disease will be on the move again. we don't know how much herd immunity there is. probably more than a quarter of puerto rico got infected in the first way. on

founder of the family of change association and advocate for women and girls in new ginny, she lives and works in the country where two thirds of women and girls have been physically and sexually abused due to their gender. despite facing death threats for her work with survivors, veronica has devoted herself to helping others and to building relationships with local law-enforcement and men and boys to overturn the cultural norm that deprived womeand girls of their status and basic rights. veronica has been honored for her relentless dedication to protecting victims of violence and vulnerable women and children, and for the pursuit of supportive partners in men and boys to make her country a violent free society. [applause] [applause] [applause] >> our next honoree is rebecca of the democratic republic of congo. subjected to read oppression, arrest, and months in jail for her political activism in speaking her mind, she was, at age 22, one of the youngest prisoners of conscious in the world. she played a key role in ensuring the peaceful and nonviolent demonstrations, demanding the g

coming up, we head to las vegas, nevada for ibm's interconnected conference and speak with ibm ceo ginnicloud to ibm's partnership with wanda. at the same time, marc benioff says the window for acquisitions is closing. and

ginni: it is a good hard for cloud. about china -- it is a good part for cloud.na, you see these very large state-owned enterprises, or just large enterprises, really trying to build power and entrepreneurial segments. 12,000 startups a day in china. you really do need to look at those markets differently, and support them both. that is what this cloud will do. rishaad: cybersecurity is another critical concern for the chinese for the technology industry. chinese company baidu is facing challenges. >> baidu's head of cybersecurity knows he has a fight on his hands. hackers test defenses every minute of every day. in the most serious case, he says a gang get was put together to try to steal prized automated driving technology. >> it is important we know somebody tried to hire someone in the underground market to steal the things from us. >> cyberattacks could come from hacking, but from sophisticated international gangs. baidu has responded by boosting its cybersecurity team, and also backing what might be called ethical hackers like the blue lotus team. >> you ha

this is sent in by ginny in cape may where the bay meets the ocean. leading edge where the front pushed through. 3:00 p.m., 4:00 p.m., places like cape may and atlantic city got up into the 80s. look the temperature in atlantic city, 7881 degrees, four hours later the temperature dropped 30 degrees they were down to 51. now all of a sudden we have windchills in the 30s throughout the area. old man winters is showing his face one more time before we finally start to move on. tomorrow is nice, temperature wise, tuesday looks good, too. today is chilly. 44 in philadelphia. dewpoint, 37. pressure is rising. winds out of the east at 14 miles per hour. again, we're taking that chilly air mass over the water and forcing it inland. that's why it is so cool out there right now. the ocean temperature is only 42. windchills in the 30s. 37 degrees the wind in philadelphia. wilmington, 39. trenton, 37 and atlantic city 38. now, the back door front was here yesterday afternoon, it work all the day down to the southwest. you can clearly see the outline there. on the

ginni: it is a good part for cloud.ina, it is about china, you see these very large as you know state-owned enterprises, or just large enterprises, then it is really trying to build and power an entrepreneurial segment. 12,000 startups a day in china. 12,000 a day. so you really do need to focus on these markets differently and support them both. that is what this cloud will do. rishaad: cybersecurity is another critical concern for the technology industry. chinese tech giant baidu is facing mounting threats from hackers, and is taking steps to combat them. tom mackenzie got the details. tom: baidu's head of cybersecurity knows he has a fight on his hands. he says hackers test defenses every minute of every day. in the most serious case, he says a day was put together to -- day was -- gang was put together to try to steal baidu's prized automated driving technology. >> it is difficultto know who but we know somebody tried to hire someone in the underground market to steal the things from us. tom: cyberattacks could come

we have ibm's conference and rometty ibm's ceo ginni . plus, salesforce teaming up with ibm. marc benioff says the window for acquisitions

and tech and trumpanomics, ginny rametty will join us since her first meeting in the oval office justays ago. halftime report returns after this. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm m azy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameriade. i work with people everywhere on sea, on land, and in the ai inspecting towers way up high avoiding turbulence in the sky. personalizing treatments with dna and recommding who shld play. a dress that tnks, which crops to grow, tax prep to help keep payments low. you n find me on an rig, i answer questions small and big. hello, my name is watson. >>> there's your market picture. dow down 5153. disney closing down today. anthony diclementi joins us now. how much of thi

this was sent in by ginny down in cape may at the point.his was the back door cold front sliding there, this is where the bay meets the ocean, that came in with a rush of cold air. when the line pushes through, the cold air behind it that's the leading edge that work over the bay southwest into the state of delaware, now it is stalled out over the washington, d.c. metro area and stretches westward into pittsburgh. it will return in the form of a warm front as we head into the overnight hours tonight. tomorrow morning, we're back in the 60s and 70s. pressure is rising. winds out of the east at 17 miles per hour. the ocean temperature is only 43 degrees that's why it's so darn chilly out there right now. the ocean temperature is chilly. the 24 hour temperature change anywhere from 15 to 21 degrees colder yesterday. we were close to 60 degrees this time yesterday. now we're seeing 43. 30 in the poconos. trenton, 41. cape may, 43. millville, 45. a pair of 40s for wilmington and lancaster. you can see where the front has stalled east of pittsbur

ginny beth martin of tea party patriot. "washington journal" viewers will recognize many of those names and organist nations. very conservative organizations. the president trying to get on board with the bill speaker paul ryan tries to get conservatives on board as well and keep some of the more moderate members of the republican conference on board with the health care legislation. we want to hear about it. let's hear from you in your thoughts on the efforts to move through congress. democrats 202-748-8000. republicans 202-748-8001. independent 202-748-8002. robert, waldorf, maryland. europe next. go ahead you >> caller: good morning. there is no reason the united states government should be involved in anybody's health care. they are not in the business of health care. the government can't even run themselves. they are 20 trillion in debt. where do they think they have that knowledge to be able to give us their own health care? why don't they just repealed the health care bill out there and that american citizens go out

joe: that was bloombergs caroline hyde with ibm ceo ginni rometty., younger and lower paid employees are making a greater percentage in fx. what does this mean for the ultrasensitive currency market? from new york, this is bloomberg. ♪ scarlet: what'd you miss? arecuts on wall street leading currency traders to black swan events and is amplifying the markets most crucial moments. take a look inside the bloomberg here. this is cable, pound-dollar in the intraday trading. gpo going back to last july. we want to highlight this right here. october 7, the pound fell to as low as 118.41 in a couple minutes. joe: i remember i was out at dinner and i picked up my phone because i was bored or something like that and i couldn't believe the pound, how dramatic that move was. scarlet: you and everyone else. here to discuss it is our foreign-exchange reporter lynn nguyen.lananh getting rid of expensive talent and replacing it with cheaper john is leading to huge swings. the younger traders have less experience and they didn't have a lot of experience with the pou

. >> host: but as a parent you can look at what is my kid gaining or not ginny. one other question, one last question. this is going to send crazy. why didn't you say okay, so my body wants to be fatter. why wouldn't you just be fatter person? why do you care? >> guest: for me as a scientific question why and how. why isn't a diet working? i got my brain, i have to know the answer. i had this burning question now, that there's something amiss. why are some diets working for some and not others? so part of it was really wanting the answer and the other part is that being in my middle ages there's no going back. you either going to fix this but one never going to fit into just begin. i might as well throw it away. so that becomes it is a dumb one to go on like this are to want to try to get back to what it used to be? to our health issues. my blood sugar was getting high. i can have all of the effects of having extra weight but is going to start is that this place with this is good habit. for me it was a now or never moment. i got the tools to research a district i

we have andrew liveris, ginny rimty and marc benioff, and i can tell you, guys, the last time they didoundtable here at the white house, one of the big topics of conversation was the way in which the germans do vocational technical education. that was something that a number of the ceos on the u.s. side raised here at the white house. they said that's a model for american companies as they consider how to boost u.s. employment, u.s. jobs. that's something that this white house has taken to heart. they're going to be discussing it today and obviously a couple examples of successful apprenticeship programs will be here at the white house as well, carl. >> eamon, we look forward to hearing more about that this morning and this afternoon before the president goes to palm beach for the weekend. eamon javers, we'll be coming back to you. let's check on the bond pits as well. good morning once again, rick. >> good morning, carl. there was a feeling as i talked to traders on the floor that rates have come down a lot and we rallied a lot. we did rally and rates did come down, i guess a lot we c

coming up, a conversation with ginni rometty. >> this is bloomberg daybreak. i'm emma chandra with your business flash. bmw is forecasting sales and profit will rise slightly this year. they are dealing with an aging lineup and rising investment in self driving electric cars. the ceo says the company will launch 40 new and revised models this year and next. according to a person familiar with the matter the investment value could be worth more than $17 billion. it rents out desk and offices to people seeking temporary working space. that's your bloomberg business flash. this is bloomberg. blackrock believes u.s. commercial real estate recovery still has room to run. average yields at 3.5%. flipside, the warning bell. boston fed president keeping an eye on such assets. saying if you look at prices of commercial real estate they have been going up very rapidly. here with us now is christian .lbrich you will stand on the bullish side but tell us why. >> the interest in real estate is ongoing. theallocations of institutional investor

david: we heard from the president thinking that rand paul will come around and then saying thateet ginnywith a -- january and february were the strongest months for hiring. we'll get the adp numbers out today. how successful is the white house becoming on keeping the agenda on the economy and jobs as opposed to meeting with russian ambassadors? kevin: there are parts in his early months of that the administration where he has met with ceos and touted an economic message. he still needs a legislative accomplishment. health you're has to be the first one for him and his first term. david: thanks so much, kevin . jonathan: in the markets, features a little bit firmer ahead of the open. guest to bring in our with her updated s&p 500 call at 2450. the heartland capital cofounder and cio, i will get to him in just a moment. an upgraded target for the s&p 500. why? ourta: basically we think bear case is less likely and our bear case was an economic recession. that is looking less and less likely given the indicators we're looking at. the other reason for the upgrade is that i think we are movin

>> ginni. >> nice to see you. >> get your weather anytime you need it.people are talking about this article. a woman's touching love letter to her husband is getting a lot of attention. >> national correspondent kate snow is here this morning. >> reporter: this is a story about amy krauss rosenthal and jason rosenthal, who planned to grow old together. until she was diagnosed with cancer. but the book author has found words to make us appreciate what we have. their love story, so touching, so perfect, it's been shared all over the world. but it didn't just the way amy krauss rosenthal writes about her love for jason, her husband of 26 years, it's why she writes. her article headlined, you may want to marry my husband. i'm facing a deadline. a pressing one. i need to say this and say it right, while i have your attention and a pulse. amy takes readers through her heartbreaking terminal diagnosis in 2015. what follows is not just a love letter to her husband, but a tongue in cheek dating profile. here's the kind of man jason is. he showed up to our first p

don't miss ibm ceo gin ibm ceo ginni rometty.c interview you can't afford to mis. "squawk box" will be right back. the power of a low volatility investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> health care overhaul. the gop unveils new proposals to the reform bill. house ways and means chairman kevin brady will join us ahead of a key vote on the hill. >>> new this morning, pimco reveals its latest read on the km i. why the investment giant's key them this year is scaling it back. >>> plus, buckle up. the hottest cars of the year pull up to cnbc. we go behind the wheel. the final hour of "squawk box" begins right now. >>> live from the most powerful city in the world, new york, this is "squawk box." >>> good morning and welcome back to "squawk box" here on cnbc live from