jim stewart of the new york times. >> keeping our eyes on shares of foot locker. nike most exposed to foot locker. >> when we come back much more on these markets squawk on the street will be right back don't go away. protect business, security hs from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies,

joining us jim stewart, no changes to the tax code.h reading you think they can do this and not with the deficit. >> the conventional wisdom is this cannot happen unless you throw the deficit out and don't care what happens but the more i looked into it it is doable. if you're willing to stand up and say we're going to lever the playing field here and you're going to get rid of some of the tax breaks that companies take advantage of now, maybe you can get to 15 or even start fairly significantly. the biggest beneficiaries is the real estate industry >> as i understand it they haven't got natural plan from the white house and certainly things have changed in terms of the old house ways and means blueprint that we have from kevin brady some time back tom brady. >> let's bring in in trump's ear. they still want to keep them so there's this. >> i want to point out that first of all when you say we have to get the rate to 15, the pass through rate doesn't have to be the same that can be analyzed we get the corporate rate to 15 there's a lot

. >> when we come back, maybe the new key to the kingdom new york times columnist jim stewart weighsn on disney splitting from netflix and what that means for the content wars. just over an hour from the trading session. let's take a look within the s&p 500. you see signet jewelers. leading up almost 7% airlines getting a bounce. they have been a weak group. earnings up 5% yesterday and kroger advancing after yesterday afternoon's losses ulta beauty following descent but worse than expected earnings down 10% and you see trip adviser, energy and broadcom also reported stla night slightly squawk on the street will be right back where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >> harvey right now a strong category 2 storm just off the coast of corpus christie any minute now we're awaiting an update to upgrade it to a category 3 as it continues to approach the texas gulf coast. i

jim stewart, thank you so much see you soon. >> sure. to a quick break here, take a look at shares of snap actually got an upgrade today. from neutral based on an increase in engagement with the snap chat parent stock is up a little more than 2% overl rkalmaet giving back early gains. "squawk on the street" will be right back i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that? even way out here? yes. even way out here. >>> one group of stocks soaring on the bitcoin rally are they with your money right now? go to trading nation to find out. more "squawk on the street" coming up. >>> welcome back to "squawk on the street." it's guest time. my guest today is with me. thank you for taking the time. toefrg do about risk is between your ears. you have it all down let's go through all the se

. >> i go with ppw, jim stewart. >> comes on riday.t's new promises and new promises besos never promised he just delivered. this guy promises and doesn't necessarily deliver but it doesn't matter because the people that own the car love it. it's a product >> there's also going to be a lot more and that he will deliver to your point that it's a tech company and deserving of a higher multiple than any car company because cars are just the beginning. >> exactly i'm a believer in the car. >> i'm going to let that one go. >> >> you're watching the demos. everybody excited. it's a great car it's a technological marvel. >> so it's almost double a year ago. >> remember the great call on netflix. enormous cash flow declines are positive. >> it's a sign of success. >> it's the smell of success like they burned down the factory to save it. >> musk did say a debt offering was possible but threw cold water on an equity raise this is what musk said last night about this. >> we're not at this point considering an equity raise. we are not, we're not

jim stewart did not win for harvey but won for "philadelphia sto story. right? yes. ng up -- can you do a jimmy stewart? >> no. >> they broke the mold with him. >> they did. >> so great. >> people on snap don't know who he is. >> bring me back bring me back. tax reform in focus. we'll talk about the road ahead for the republican congress and the trump administration judd gregg and ed rendell join us next. as we head to break, yesterday's s&p 500 winners and losers ♪ what powers the digital world. communication. that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter inv

stewart. >> yes. >> fl ulof surprises dow has gone into the red. so has the s&p we're down 16 points we'll get stock trading with jim in a minute.n just protected his family with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than $1 a day! his secret? selectquote. in just minutes a selectquote agent will comparison shop nearly a dozen highly rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $21 per month. give your family the security it needs, at a price you can afford. since 1985, selectquote has saved over a million families millions of dollars on life insurance. >> those are the three things that people think you can defeat amazon with. okay omni channel and value perception the value is probably on amazon but the perception might be a better value. >> how you get the stock up. >> unbelievable. >> disappointed in this market i thought that retail could be a leader but i guess not. >> definitely lost our early gains. >> yeah we really did