with us now in a cnbc exclusive, co-founder and ceo jensen huang.sen, good morning great to talk to you again it has been too long >> jon, it is great to talk to you. this is a big day. excited to be on here with you >> it is, very big lay this out, the case for the deal mellanox specializes in technology that moves massive amounts of data around within computers and more important between computers. five years from now, what kind of advantage do you think this is going to give nvidia? >> as you know, the data center has become the most important computer in the world and the work loads that's transforming the data center, artificial intelligence, machine learning, data analytics, these applications have so much data, require so much compute, they toe don't fit on one server or computer you have to break the problem down into a bunch of computers so the thing that's exciting is that the computer no longer starts and ends at the server. the computer in the future would extend into the network. the network is going to become intelligent, the network i

releasing his latest budget proposal we'll get details on that straight ahead later we'll talk to jensen huang'seal to buy mellanox nasdaq hasn't had six days down since november of '16. don't go away. when you look at the critical issues facing our world, what do you see? we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> the white house set to release what it calls a budget for a better america, the top lines numbers are out and it's a familiar story we have the details. >> the president will be seeking some big increases in p defense spending and coupling that with big decreases across the rest of the federal government the white house is planning to ask for $750 billion in defense spending for next fiscal year, allot of that increase is going to be coming in an off budget very controversial account

mellanox shares up by 8.7% nvidia shares trading higher as well and nvidia ceo jensen huang will be oned to buy from neutral at nomura >>> and the president set to unveil his annual budget today we're not expecting it to balance. ylan mui joins us with more. >> reporter: there are three big themes that are going to drive this budget. we're expecting to see rosy and of course money for the border wall now, first on the forecast, a source tells me the economic growth will hit 3.2% last year and then taper off next year of course this is way higher than the outside consensus right now. the cbo projecting that growth will be below 3% this year and that it won't hit 2% for the rest of the decade now, on those federal spending cuts, the white house will seek $2.7 trillion in cuts over the next decade. but even with those steep reductions, the budget is not expected to balance until the year 2034. the why is will be many -- asking nancy pelosi and chuck schumer put out this statement congress refused to fund his wall and he was forced to admit defeat the political reality here is that this bu