john harwood, i go to you first. if you could set the stage of the key issues which we know to be ukraine and the diplomatic negotiations that are attempting to take place there, and of course, the situation in greece, front and center to most of our viewers as well and how they relate to the markets. >> we still haven't gotten the two-minute warning, but the delegations and aides to the various leaders, including the u.s. ambassador to germany john emerson have taken their seats we expect it to begin shortly. you mentioned the two issues, one is whether to arm ukraine. respond to military incursions by russia. president obama has been reluctant to do that, and angela merkel, whose neighborhood this is in, is extremely reluctant. we just now got the two-minute warning, by the way. and you also have the issue of the new greek government and its request was an adjustment, but the argument against austerity is one that the greek government was advancing. the president of the united states has been advancing with somewha

john harwood is in washington tonight and you have a lot on the agenda, john. should we start with keystone first? >> reporter: sure. the house is now passed the senate bill on keystone with 29 democratic votes. that's not enough to override the veto that president obama has promised. so we're looking for that bill to go to the president fairly quickly. for the president to veto it and then we're going to find out whether or not there are negotiations between democrats and republicans on some sort of compromise in which the president might allow keystone to go forward in return from some concession for republicans, but republican aids on capitol hill telling no negotiations have begun yet. >> the president sent i guess a resolution up to capitol hill today seeking the ability to wage war on isis. will he get it? >> repor yes, he'll eventually get it. it will take weeks, perhaps months to work through this. you have democrats who think that this provides too much room for an additional military conflict. remember president obama proposed to end the iraq war and

john harwood is in washington with more on the latest developments. what's new, john? >> reporter: what's new, tyler, is that senator mitch mcconnell the republican leader came meeting with members of the caucus today and gave in. said okay i'll allow a clean vote on a straight-up funding bill for the department of homeland security. not insist on blocking president obama on immigration as part of that vote and asked democrats to cooperate with him. interestingly, harry reed who's been asking for just such a clean vote said he won't agree to go along with this approach at this moment until he gets some assurances from house speaker boehner that the house is going to pass a clean bill. doesn't want to get involved in a back and forth. so the stalemate is getting closer to being resolved but not yet. >> i was going to say, how do you think this would end up? handicap this for us. >> reporter: i think what's likely to happen is that the senate will pass the claim bill. the house will send back some sort of temporary funding measure, the senate will say, okay and they'll k

john harwood spoke earlier today with republican senator orrin hatch. >> some of the executives will have to work and get paid later. but it is essentially self-funded. so anybody who wants to make a big fuss about that really doesn't understand the budget, doesn't understand the self-funding mechanism of d.h.s. or the department of homeland security. gwen: but optics matter, and it may not matter if hatch is right. john. >> the effect is much more like likely to be political than on american security. republicans are not going to be able to blame this on democrats. they officially made this the strategy when they were funding the government last fall or after the last election. they funded the entire rest of the government through september 30 except for the department of homeland security. gwen: there would not be a government shutdown. >> not entire government. but did it eck police eck police eck police italy for this purpose. it is difficult for them to do the normal things you when a party is in control of congress and pugh research took a poll and said is either party too extr

. >> john harwood in washington covering this story tonight. that's amusing language, john, but if there's no funding tomorrow night, what happens, what happens at the airp i be limited fallout that will be visible to the public tyler, because most homeland security employees at functions are considered essential functions of government. what it means is those people will do their jobs but they won't get paid. that's not sustainable over a long period of time which is why we expect this will get resolved over the weekend. but i've got to tell you. i'm sure our viewers are getting tired of this. it's getting tiresome to those how we get up to a brink of crisis without getting a solution. >> do you think there will be a solution? you said over the weekend, certainly, but they tend to take it to the brink and pull back a little bit. it comes at a time where there's a lot of tension around the world in terms of terrorism and security fears. >> reporter: it is really hard to believe, sue, that the congress could be so tied up in knots over this immig

john harwood spoke with michael froe man and joins us now from washington. john? >> reporter: trade deals a h to get through congress. this one will be no exception. the majority of republicans don't like president obama. democrats don't like trade deals because they think they may be bad for labor and the environment but mike fro man said it will be good for wall street and workers alike. >> this is core to middle class economics in terms of creating jobs supporting jobs here improving wages and so i think there's an interest on both sides coming out of the election of november to find areas they can work together on in order to help strengthen the u.s. recovery. and i've heard from a lot of investors, a lot of companies that are looking to determine where they should put their next fact. with these trade graemts the u.s. will be at the center of a web of agreements giving unfettered access to two-thirds of the u.s. economy and that makes the u.s. an attractive place for investment. >> but if this goes through, it won't be because of big public demand for it tyle

john harwood joins us with more. what does the president want financial advisers to be required to do john? >> well in some sue, he wants them to meet the standard of fiduciary duty to their clients, not just putting them in investments that are considered suitable. that's a legal term for investment advice. but rather meet the highest fiduciary obligations to the clients. we don't know all the details, because this was a proposed deal that the department of lane said to the budget office we'll find out in a couple of months exactly what all of the details are, and then there's going to be a comment period. we're a ways until this gets fully implemented. >> john is this a new initiative or have we seen this before? >> 2010 bill the administration tried to do something similar. there was a lot of blowback from wall street. they've dropped the idea. now they've refined it with some distinctions in the previous effort in a conference call yesterday, administration officials said we're not going to ban commissions, we're

john harwood has been covering the story from washington. as you correctly predicted last night, this one is going to go down to the wire and it's going to be tense. >> reporter: it is sue. and this is a stunning repudiation for house speaker john boehner from his own members, more than 50 of which voted against the short-term funding proposal that he had come up with as an answer to what the senate has done. there's going to be more back and forth. the house is figuring out what its plan b is going to be but this is going to be very difficult and it's a bad sign for getting further things done in the congress like corporate tax reform. one of the things fueling republican willingness to let this happen is that the belief that homeland security isn't really going to stop because so many are emergency employees. here's senator orrin hatch, the chairman of the senate finance committee when i talked to him about the consequences of not funding the department. >> dhs will completely run. there's not going to be a loss of personnel or a loss of t

you can see our john harwood there on the left side of the screen, and we will see. to minu20 minutes late. in the meantime, the dow is down ahead of what is going to be a very busy week. on an earnings standpoint, we're going to get all sorts of packaged food companies. coke, pepsi, kraft, kellogg. and a little bit of tech in there with cisco later in the week. >> yeah, cisco the networking company as opposed to the food company. we are looking for inline guidance from them, despite the currency headwinds. that's what everything is going to hinge on for them. >> for now, we'll toss it over to the judge. >>> welcome to the halftime show, everyone. as carl was just mentioning, we are waiting for that joint news conference. we're going to take you live to the white house, the east room there as soon as it does begin. there's a live picture of that room. we will take you there as soon as those heads of state appear there. want to show you the markets as well. stocks are down today. we are coming off the strongest week for stocks in some four years. the dow last week up

believe we have john harwood in washington. s not the first time this week we have gotten harsh words out of speaker boehner. how effective will they be this time around? >> well, we kind of know how this thing is going to end and mitch mcconnell's action and separating the immigration legislation from dhs funding is a sign that in the end, republicans know they're going to have to fund this agency. the question is, how do we get there? the senate is goings to pass that funding legislation either today or tomorrow, depending on whether conservatives allow a faster vote, and then john boehner will make a decision and you heard tough rhetoric from him but no commitment as to a course of action and i think what he's trying to do is to use that rhetoric to hold off for now the conservative base by going after the president, not just on dhs funding, but also on the comments of susan rice, the national security adviser, about benjamin netanyahu's speech next week and some of the tough talk, i think, is a way of keeping conservatives f

. >> john harwood in washington. thank you, reporting from capitol hill or nearby. >> three companies returning more cash to shareholders is where we begin tonight's market focus. coca-cola and kol gate all up. coke up to 38 cents a share and tiro up to 22 cents a share. a special dividend of $2 a share and colgate buying up stock. coke up almost 1%. colgate shares down about a half percent. price line's result today. beat on the top and bottom lines. growth by hotel and car reservations. travel booking site said it would buy back additional 3 billion shares. it did warn investors about the impact of a stronger dollar. still, priceline popped about 8.5% to look 1218 at $5 a share. more than 2 million subscribers in the quarter. the chief explained how he wants to continue to invest in new subscribers. >> i was accused in the second half of last year. of thinking more about customers than shareholders. which, by the way, you can judge from the. we gave huge guidance. it's revolution. one by one taking all the things t

and hold that thought because on a related note we have our john harwood joining us now with some discussions, good to see you. what's happening? >> well kelly, i was talking to orrin hatch who fairchairs the finance committee. he said he thought the tax reform process would take longer than two years and specifically he said the president's proposal, which is to on corporate taxes mandate repatriate overseas profits is simply not going anywhere. here is orrin hatch. >> i think it's pretty well dead. look, that's not the way. that's a one-time shot. that's not the way to try to solve our problems. he wants to tax the monies again that have already been taxed in the foreign countries in order to bring them back. well the corporate world is not stupid. they're not going to do that and neither are we. >> now if you want to look for some bright side that they will get done on this day when we're waiting to see if homeland security gets funded, he is close to a deal with ron widen, the ranking democrat on finance, on trade promotion authority which would allow if it passes it would smooth the path

correspondent for real clear politics manu raju, senior congressional correspondent for politico and john harwood, chief washington correspondent for cnbc. >> award-winning reporting and analysis. covering history as it happens. live from our nation's capitol this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by -- >> we're committed to strong. we're committed to sure. we're committed to smart and light, secure and bold. in a world of enduring needs, the men and women of boeing are proud to build and deliver critical capabilities that those who serve to protect our nation and its allies and that's an enduring commitment. >> it doesn't matter what kind of weather. it doesn't matter what time of day or night. when mother nature's done her worst, the only thing that matters to us is keeping the lights on for you. we're the men and women of the international brotherhood of electrical workers keeping the power on in communities like yours all across the country because when bad weather strikes, we'll be there for you. the ibew, the power of professionals. >>

the can ron. >> it's one that has people following closely percenting the terminology and our john harwoodn. thank you so much. john at the white house. >>> you've heard the saying time flies, but that's never been more true than when you watch a seinfeld rerun on tv. it's literally speeding up the show to squeeze in more ads. is this a controversy about, well, nothing? we'll talk about that when we come back. antic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset s

. >> john harwood writes that avoiding homeland security shutdown is rock bottom. is this right? hurt republicans in 2016? >> if it goes into a shutdown of course it will. we're not actually going to stop keeping terrorists out of the country. it hardly matters. it is just the symbolism of the shutdown here or cheschestrated by ted cruz. the eventual nominee will be tarred by it. >> how is this going to play with the candidates on the campaign trail right now? will we hear from them about this issue? >> i'm confident they will try to avoid weighing in as not to antagonize the base. after this happens, if there is a shutdown, they are of course going to be smoked out. >> are we going to hear scott walker or rubio talk about this? >> i don't think they're going to get into a debate they don't have to but we have seen ted cruz want to be the face of shutdowns this year and last year. i don't get it. it's like he hasn't learned lessons from the past. the 2013 shutdown did not go well with voters. last year he ended up apologizing for taking us to the brink. it doesn't play well. >> i

john harwood sat down with the u.s. trade representative michael froman. john? >> if there's one thing congress and president obama might be able to agree on it's the trans pacific partnership. the administration is negotiating with a dozen countries. fresh evidence of that came today from congressman paul ryan who urged fellow republicans to give the president trade promotion authority. >> i'm not saying to enhance our leverage we have to enhance the administration's power. actually it's far from it. what i am saying is what tpa does is it enhances congress' power. tpa empowers congress. >> when i sat down yesterday with trade representative mike froman president obama's old harvard law class mate, it was clear there's a long way to go. one negotiation with other countries and one with congress. >> i hope that those two are able to proceed in parallel and we are able to get both done in a timely fashion. >> we like to complete the negotiations and get it through congress this year. >> considering big disagreements remaining with japan, among other countries, ov

john harwood has breaking news for us right now. what's the store?y?e just gotten word that president obama has transmitted his veto to the senate of the bill that would force the approval the keystone pipeline. josh earnest emphasized at his briefing this was not a veto on the merits of the keystone pipeline itself but rather forcing the process, but i have to say that just underscores the political nature of this fight and how obama is handling this fight because the administration cites this ongoing review that's at the state department over the potential environmental and economic impact of the pipeline but there has been no indication at any point in this very long process that the state department thinks it would have a substantial negative impact. so the president appears to be waiting for some sort of a bargaining or negotiation with republicans, and we don't know exactly when and if that's going to happen guys. >> leave it to washington where we just want a yes or a no or a thumbs up thumbs down to make it that difficult. when all is said and

john harwood joins us with the details. john i'd like to know exactly how everyone feels in the administration about it because we hear so many conflicting things. i don't whether we raise rates in june or september or what. but what does it say? >> essentially this is a piece of argumentation for the president's middle class economics, as he calls it program and what it does is this report dissects the phases of the american economy since world war ii. it talks about when we had income growing, productivity growing and people up and down the income scale sharing in that. that was an initial period that ended in 1973. then we have a period fuelled by the surge of women into the work force which added a tremendous surge of output to the economy and then there's a period in which women kept growing in the economy but productive slowed and that put a drag on incomes and finally the most recent period productive resumed it's growth but we didn't have growth in the labor force. in fact we had people leaving the labor force, inclu

our john harwood has a special report from washington you won't to want miss. we'll speak with a business owner who's life and livelihood was almost ruined because of what the irs did, that's next coming up when "closing bell" continues. you've got to make every second count. banking designed for the way you live your life. so you can welcome your family home... for the first time. chase. so you can. what makes it an suv is what you can get into it. what makes it an nx is what you can get out of it. introducing the first-ever lexus nx turbo and hybrid. once you go beyond utility there's no going back. kid: hey dad, who was that man? dad: he's our broker. he helps looks after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not? dad: it doesn't work that way. kid: why not? vo: are you asking enough questions about the way your wealth is managed? wealth management at charles schwab ok, if you're up there, i could use some help. smart sarah

let's brickng in john harwood.president said he doesn't have -- this is the beginning of a negotiation. there are those like speaker boehner who believes it doesn't actually go far enough. is it a done deal? >> no it's not a done deal. in fact, it's going to take a while, weeks or maybe months to finish this. a lot of negotiation. there will be some hairy moments along the way, but i think eventually the president will get the authority that he's seeking today for a simple reason. republicans control the congress. they've been urging him to take the fight against the islamic state, and it's not tenable for them to block it at least a critical mass of republicans. and on the democratic side there will be many democratic opponents to this people who think it hasn't tied the president's hands enough but ultimately there are going to be enough democrats who are not willing to undercut their own party's commander in chief that this is eventually going to pass both houses. >> you know what? let's bring back cnbc contribu

meantime john harwood sitting down with the chairman of the senate finance committee tackling among othericular interest to the likes of apple and other large tech companies. good morning. >> good morning, carl. you know, with all the disfunkion around things like funding the department of homeland security which looks like it's about to be resolved with a three-week kick the can continuing resolution to fund that department, i said that with orrin hatch to talk about one of the few things that has thought possible to get done this year and that is, corporate tax reform, but he was not very encouraging when i asked him about the idea the administration has laid out which is to require companies to repatriate their overseas money at a lower tax rate and use that to fund infrastructure programs. here's what orrin hatch had to say about that. >> i think it's pretty well dead. look, that's not the way -- that's a one time shot. he wants to tax the moneys again that have already been taxed in the foreign countries in order to bring them back. well, they're not stupid they're not going to do th

john harwood says this is the biggest repudiation house speaker john boehner has suffered yet and then "roll call" says g.o.p. leader says additional votes now possible late they are evening and over the weekend as the shutdown continues to loom. we also heard from a retired member of congress john dingell who says congratulations, house g.o.p. this is one hell of a way to run a government. again, taking your phone call, want to know what you think about the funding for homeland security failing tonight to move forward and again the sticking point, the president's immigration executive actions. those were attached to a lot of the legislation that both the house and senate were working on. they could not agree on whether they should go ahead and fund the department with those provisions or without them. eric is on the line in medford oregon. erica, go ahead and share your thoughts, you're on the air. caller: my thoughts are basically that they've been elected to doha a job and they need to do that job. host: sort of echoing what our caller said there lydia in denton texas son the line.

. >> our john harwood -- >> there's an introduction here somewhere. >> hi john something outside of thehe two sides might agree on. do tell us. >> that issue is trade specifically. the transpacific partnership president obama wants with a dozen nations as part of his pivot to asia. it won't be easy. republicans don't like president obama and democrats don't like trade deals. but the president's trade negotiator is mike froman told me this deal will benefit wall street and workers a lot this is course in middle class economics in terms of creating jobs, improving wages. think there's an interest on both sides to find areas that that can work together on to help strengthen the u.s. recover pi. i've heard from a lot of investors looking to determine where they should put their next factory. the u.s. will be at the center of a web of agreements. and that makes the u.s. an incredibly attractive place for investment. >> to make it happen, froman and obama sl l have to pull off two negotiations. one with members of congress who want economically anxious voter to reelect them next year. >> than

i'm john harwood in washington.ime that the obama white house will seek a new authorization for military force for the fight against the islamic state in syria as well as iraq. reuters is now reporting that authorization will come by wednesday. i have not confirmed that independently with congressional aides, but this is not surprising and most importantly, guys, it does not mean a decision has been made to put boots on the ground. there is still a determination by the administration not to do that. >> big news. john, thank you very much. i'm sure we'll get more as the day goes on. meantime, netflix starting to offer his service in cuba, but it isn't going to be easy. >> brian netflix is launching in cuba today starting at $8 a month. it aims to offer a range of content as internet access improves and credit and debit cards become more widely available. c. everett hastings saying he's hoping to bring a cuban content. but the current market for netflix in cuba is tiny. just 0.05% of cuban households were broadband su

john harwood, thank you very much. that, folks, is the first hour of power lunch.standing here with us. i guess he is now -- >> i don't know -- >> they've moved him somewhere. >> i can't even actually see him. he might be in a different studio altogether. >> we will find him for you, or he will find you for us. brian. >> i don't know if you will see me, but you'll definitely hear me. >> that's true. >> thank you very much. all right, guys. 2:00 p.m. he said on wall street. here's your market setup right now. the dow is up 93 points. oil still below $50 a barrel but up a quarter to $49.62. then you've got comex gold at $11.95 down $2.30 an ounce. by now, mefshg you know what janet yellin said in d.c. as always the market literally hanging on every word. some words and phrases have been much more important than others to your money. consider these ones that are nice handy format here which have been lustfully poured over by investors for years. patient, accommodative, considerable time, appropriate. that was a bernanke favorite. of course, we cannot forget the most f