jon fortt is in barcelona. ing to be a busy night, jon. >> reporter: yes, it will, carl, but first of all, a question about snap is whether it's going to have the kind of global appeal that will have to really power its growth after the ipo. so, here in barcelona, it's a great place to figure that out. this three years ago is where college students told me that whatsapp was their number one must-have app on their phone. so, here i caught up with dominique del por. he is a board member at avendee, general manager of content for havas and i asked whether that has buzz with european millennials. here's what he said. >> absolutely. uk, france, germany, south europe. it's really trendy. the big brands are coming in the discover part, and so, it's perceived as the growing brand. >> reporter: the question is whether they've got the sort of business momentum that they need to really make money here as well. delport pointed out that they really just a few months ago started their big push here, but they've got to be care

i think this is great news. >> bob, it's jon fortt.sounds like you're making this out to be kind of the auto industry's version of no child left behind, no car left behind. the government setting standards that are so high as to be out of sync with reality. but is there the chance that these types of standards are what was going to push the auto industry to a point of competitiveness in the future when it comes to things like efficiency and fuel standards, and that without it, the auto industry will end up disadvantaged longer term? >> no, jon, i think this was unrealistic, and the auto industry is going to have to make improvements, continue to make improvements, whether it's in safety, reliability, increasing the warranty on the drive train, the engine part, and obviously, continue to work on fuel efficiency. this was an unrealistic target that was really going to force the consumer to buy small cars. it really was going to -- the new policy was going to force an average of the entire fleet, which was unrealistic to say -- [ inaudibl

jon fortt, aria eisen and me at post 9, watching the markets, the budget. has gone into the red to the tune of about 30 points, jon. >> yes, indeed. and a big interview to get to. oracle reporting third-quarter results after the close yesterday, and they were strong. the cloud having to do with a lot of that. investors watching the cloud quite a bit, looking for growth into the future. our own josh lipton is live from oracle headquarters with a very special guest. josh. >> thanks, jon. i'm here with oracle's ceo, mark hurd. mark, thank you for joining us. >> my pleasure, josh. >> stocks surging this morning, and are investors really focused on the cloud bookings number? surged more than 70% in the quarter. walk me through what drove that growth. >> you know, josh, it really is nothing in particular. there was no one deal, there was no one geography, there was no one part of our business. it was really broad-based across our erp pillar, our hcm pillar, our platform as a service, so very broad-based in terms of the number of solutions that were part of it, as

jon fortt is back from barcelona. welcome back, jon. >> thank you.d to be here. >> kelly evans with us also at post 09 a friday. snap on track for another day of gains following that hugely successful market debut yesterday, up about 17% a few moments ago. our parent, nbcuniversal, investing $500 million in snap during the ipo, as the markets look to cap off a sixth straight week of gains. we have not had back-to-back days of losses since the end of january. ggv capital's managing partner glen solomon, wells fargo chief portfolio strategist brian jacobson join us to talk about the markets. brian, and snap specifically, as this starts to clearly roll into some retail hands, what does that mean for tech and for overall sentiment? >> well, i certainly hope that a successful ipo is a harbinger of further successful ipos. you know, you saw a decline in ipo activity last year because of market volatility, so maybe we'll see a little bit more activity for 2017. for the tech sector as a whole, i think that it shows that people are still optimistic about the

jon fortt, it's all yours. >> all right.i. >>> we continue to wait on more news out of washington. and guys, it's an interesting setup. president trump has met with so many different groups, ceos of technology companies, he's been through manufacturing. now with these community banks, especially at a time when we're focused so much on the local impact of these changes coming to obamacare, it will be interesting to see what we get. but we'll see, especially what the president has to say around these issues that hit close to home. >> yeah. we know that the community banks don't want to be regulated like the big banks. they don't want to be regulated like the big, complex, bold bracket firms and that's been their right throughout the post financial crisis era of dodd/frank. so, it will be interesting to hear from them and the president. also steve mnuchin and gary kohn in the meeting as well. >> on a busy day for the president. of course, later on, he has a working lunch with regards to the budget. he'll later on meet with secr

i'm jon fortt at our post nine. our own kelly evans and sara eisen.xtra paycheck. good morning to both of you. >> female takeover. >> all right. turning to the big news of the morning, russian president vladimir putin saying he's denying his administration played any role in th

let's check in with jon fortt. >> good morning.ck what president trump is doing with the auto industry in detroit. we'll bring you that and then reed hoffman joining the microsoft board. why that's important for microsoft's transformation. finally, we'll track that news from the doj about yahoo and more on "squawk hour" coming right up. >>> welcome back to "squawk on the street." now it's time to go to rick santelli in chicago with "the santelli exchange." happy fed day, rick. >> yes! happy fed day, sara, and happy fed day, that's why we have our guest, mark olson. thanks for taking the time, mark. >> thank you, rick. always good to be with you. >> all right, i want to hit on all the fed topics, but real briefly, we had the national association of homebuilders sentiment index at 71, best of june of '05. it matches other feel-good indexes like consumer sentiment from the conference board in michigan. we've had data on inflation, retail sales. we're talking about 50 and 100-year bonds. do you want to weigh in on any of that quickly?

let's head to jon fortt with a look at what's coming up on "squawk alley." . adobe ceo going to join us from adobe's summit conference to talk about their new push, further push into the enterprise with the cloud. also tom mcclellan is going to talk to us about what's going on with apple, markets overall and timing. and finally byron wien frrks u from blackstone. also that coming up on "squawk alley." i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) >>> with the health care debate raging in congress and the president's tax reform agenda slowing, markets seem to be doubting the promise of a pro growth agenda. joining us this morning, samir seman is wells fargo's global strategist and we have ariel investments' vice chairman. good to have you both with us. charles, there's policy expectations, we're in the midst of this fed track, earnings, you've got geopolitics, you've g

jon fortt, sarah isen and myself at post nine. what a day. the u.s.y. that was past estimates called for 197. construction recording its biggest monthly gain in nearly ten years.

i'm carl quintanilla with jon fortt, sara eisen at post 9.bviously, a busy day, even though the markets aren't showing a whole lot of volatility. the president is going to sit down with some infrastructure ceos at 12:30 eastern time. attendees include tesla's elon musk, apollo co-founder josh harris, real estate moegle richard lefrak and david tepper making waves on "squawk box" this morning, discussing the new regulation atmosphere in washington. >> they're going to give you less regulations for obamacare. they're going to give you a tax cut. everything is this -- everything is neutral to positive that can come their way, versus an atmosphere for the last 16 years, let's call it, that's been regulation, regulation, regulation. >> joining us this morning, ben mandel, jpmorgan global strategist, michael kacannon. i don't know if you heard what tepper said, but he's talking about growth breaking out in every corner of the world, central banks who are going to need to get a lot more serious and make a turn. we'll see what the ecb does tomorrow,

i'm jon fortt with post nine, sara eisen and wilfred frost.orldwide alley we can call it this morning. >> like it. >> squawk exchange. >> lucky wilf another hour with me. meantime top story stocks tumbling here you might have caught early in the premarket action this morning after trump's health care fail. so what's next for the markets as it weighs its next step in washington? joining us now to discuss it, terry haines, evercore's isi political analyst. and joining us ceo of labenthal holdings. welcome back. >> thank you. >> let's start with the narrative in the markets that the first test of the trump agenda doesn't bode too well for the next pro growth policies like tax reform and infrastructure. is that right? how are you telling your clients to trade it? >> well, what we're telling clients is the story is still to be written. i think this is a stumble and not something that's irreversible politically. but congress and trump have about four to six weeks to execute this pivot to tax reform and actually make it go. they can still be on sched

i'm carl quintanilla with jon fortt and sara eisen at post 9. >>> the deal of the day, intel buying mobileyeand shares of mobileye soaring 30%. we'll talk to intel's brian krzanich later in the hour. >>> meantime, the trump white house firing u.s. attorney preet bharara after he refused to resign at the request of the white house. bharara was asked to step down along with 35 other attorneys appointed by president obama. we have team coverage this morning. eamon javers is in eesht, leslie picker. >> no comments across the board this morning from the white house and the department of justice about their reaction to preet bharara's tweets from over the weekend. he had that conversation with the department of justice at about 2:30 on saturday afternoon. after that phone call, preet bharara took to his personal twitter account to put out this message -- "i did not resign. moments ago i was fired. being the u.s. attorney in the southern district of new york will forever be the greatest honor of my professional life." then this mysterious tweet on sunday, preet bharara saying, "by the way, now i kn

i'm carl quintanilla with jon fortt, seema mody joins us this morning at post 9.begin the hour with some breaking news out of disney. the company saying the board of directors has extended bob iger's contract as chairman and ceo to july 2nd of 2019. orrin smith is the independent lead director. he says given bob iger's outstanding leadership, his record of success in a changing media landscape, and his clear strategic vision for disney's future, it is obvious that the companies and its shareholders will be best served by his continued leadership. i think returning to julia boorstin on some of this as we make sense on what iger's going to be around for a while, julia. >> that's right. there's been a lot of talk and speculation about who was going to replace bob iger when his contract expired at the end of june 2018. and so, the fact that this is being extended for a year is not a big surprise because there was no obvious successor for iger. there is also the fact that disney has done phenomenally well under his leadership. now, in the past couple of times i've sat

i'm carl quintanilla with sara eisen, jon fortt at the new york stock exchange.seema said a moment ago, we're watching the market dip into the red, but it's largely toeing close to the flat line all morning long. the german chancellor meeting with the president for the first time at the white house today. expect them to talk trade, immigration, defense. that's all going to be on the docket for the bilateral and potentially the joint news conference later this afternoon. our eamon javers watching all of that at the white house. hey, eamon. >> reporter: hey. good morning, carl. it's a german-themed st. patrick's day here at the west wing of the white house. as you mentioned, we are expecting angela merkel here in just a few minutes' time. about 11:20 is when we expect her arrival here at the west wing. you can see the doors ready for her. the media crews are out here ready to go. the honor guard has been up and running since very early this morning, so we're expecting a friendly visit here. obviously, germany one of the most important allies of the united states, b

jon fortt, sarah isen and myself at post nine. what a day. the u.s.conomy adding 235,000 jobs in february. that was past estimates called for 197. construction recording its biggest monthly gain in nearly ten years. we've had gains across the board, pretty much all morning long. we talked to national economic counsel director gary cohn first on msnbc and got his take on the numbers and the president's policies. >> there's clearly a good february's part of the numbers. i'm not going to deny that. but on the other hand, when you look at what we've been doing here at the white house and all the ceos we brought in, whether it be exxon or sprint or intel, they've promised an enormous amount of jobs and job creation in the united states. those hirings have not been done yet. those are future hirings. we're still living on the hire tgs from the normalized economic growth that's built into the system here. >> let's bring in michael forruely. guys, good morning to you both. michael, walk me through. what carl just said and the degree to which expectations of a

i'm jon fortt at our post nine. our own kelly evans and sara eisen.like a month with an extra paycheck. good morning to both of you. >> female takeover. >> all right. turning to the big news of the morning, russian president vladimir putin saying he's denying his administration played any role in the u.s. general election and added he's willing to speak with president trump with the appropriate introduction. cnbc europe's geoff cutmore joins us live with the details. hi, jeff. >> reporter: hi, kelly. this was ostensibly an event to talk about the arctic. and so we spent a little bit of time discussing the opportunities for cooperation between russia and other countries in the arctic community like the united states. but in reality i think there was only one question a lot of people wanted answered, so i put it. let's listen. there is a senate intelligence committee hearing as to whether russia has used disinformation to affect the outcome of the last presidential election. >> translator: i knew it was coming to this. i wouldn't really like to have all

if you're just joining us, welcome to "squawk alley," carl quintanilla with jon fortt, kelly evans at post 9. watching the markets, which have been in the red most of the day, actually closer to session highs right now, down 35. a lot's on the agenda -- trump's tax policies, china, oil and health care, all weighing on sentiment as we see another down day for stocks. weighing in on those cracks in the so-called teflon rally is byron wien. byron, good to have you back. welcome. >> it's good to be here. >> i guess let's just take your temperature at large regarding anything you think is most important right now. we're going to watch details out of the uk, so forgive me if i have to interrupt. >> sure. >> but is the locust of activity in your view, on capitol hill? >> well, my view is that the market was due for a correction. the market had gone up almost every day since the election, carl. and it was based on trump being able to implement his pro growth agenda. now, the components of that were a tax cut, dismantling regulation, and infrastructure spending. the affordable care act was not

jon fortt's here with us along with kelly evans on this friday morning at post 9. dow is slowly adding to its gains, up 58 points right now. as you might know, the house delaying that key vote to repeal and replace obamacare until later today, debating the issue on the floor at this hour. of course, we're watching lawmakers as we keep a camera shot on the house floor. we're going to be talking about that. we've got keystone going on. the president, of course, delivering his own ultimatum. the cover of the "new york post," guys, is "my way or the highway," as he announces -- >> couldn't resist using that. >> as he announces that to house leadership. our kayla tausche's in d.c. with the latest on all this. >> reporter: hey, carl. if a few hours ago, it was the calm before the storm, it now feels like the storm is approaching with members of the house scurrying back and forth, a flurry of activity as people are taking meetings and going back and forth from the floor as we build up to that vote this afternoon. of course, this comes in the wake of what you mentioned, th

. >>> now over to jon fortt with a look at what's coming up. >> samsung is releasing in moments the galaxylenger to apple. technology upending once again. and we'll dig in and look at what this means, and also internet privacy rules changing in a major way. what ripple effects is this likely to have? all that and more coming up on "squawk alley." at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade fixodent plus adhesives. there's a denture adhesive that holds strong until evening. just one application gives you superior hold even at the end of the day fixodent. strong more like natural teeth. please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. >>> the world agretech is in town. a look at what they are investing and why. >> the conference is just set to

jon fortt is back from barcelona. welcome back, jon. >> thank you.s with us also at post 09 a friday. snap on track for another day of gains following that hugely successful market debut

. >> let's send it across the floor to jon fortt. >> snap up more than 20% off its lows just 4% justlysts, one that says it's going much higher and another that says not so much. also, uber, more woes, and a questionable outing in korea. we will dig into that and what it means for the future of that start-up. and finally, amazon's retail plans taking a slower track. all that and more coming up on "squawk alley." yes? please repeat the objective. ♪ thrivent mutual funds. managed by humans, not robots. before investing, carefully read and consider fund objectives, risks, charges and expenses in the prospectus at thriventfunds.com. e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade or keeping a hotel's guests cuttinconnected.i to 35,000 fans... businesses count on communication, and communication counts on centurylink. your insurance on time. tap one little bumper, and up go your rates. what good is having insuranc

joining me at post 9, sara eisen, mike santoli, jon fortt once again live at the mobile world congress. we'll get to jon in a bit. the dow crossing 21k for the first time ever, the nasdaq and s&p trading in record territory on the heels of the president's speech last night in which he struck a new tone in that address to a joint session of congress, laying out his administration's vision for immigration, trade, infrastructure, and taxes. >> my economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone. it will be a big, big cut. at the same time, we will provide massive tax relief for the middle class. we must create a level playing field for american companies and our workers.

send it over to jon fortt for a look at "squawk alley." >> speaking of regulatory challenges, we'll havegovernor gavin newsom, former mayor of san francisco, california, an important spot whether uber or airbnb, newsom expected to run for even higher office not too long from now. also taking stock of the bull market in wake of snap's big debut. and performance since also taking stock of the status of obamacare with trouble ahead perhaps in the senate based on what the house has got going on thus far. all that and more coming up on "squawk alley." "squawk alley." "squawk alley." ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. >>> a $19,000-a-night-penthouse would pay a $42,000 dinner for two all on top o

jon fortt's here with us along with kelly evans on this friday morning at post 9.s, up 58 points right now. as you might know, the house delaying that key vote to repeal and replace obamacare until later today, debating the issue on the floor at this hour. of course, we're watching lawmakers as we keep a camera shot on the house floor. we're going to be talking about that. we've got keystone going on. the president, of course, delivering his own ultimatum. the cover of the "new york post," guys, is "my way or the highway," as he announces -- >> couldn't resist using that. >> as he announces that to house leadership.

. >> let's send it to jon fortt for what's coming up on "squawk alley." >> at what price is snapchatp, but also we'll see is the question is big tech too powerful? we'll argue two sides of it coming up on "squawk alley." >>> california fillon persist laurine powell jobs, the widow of steve jobs, arrived at the white house moments ago and eamon javers is live with that. >> reporter: hi, carl. what an intriguing meeting with lauren powell jobs, an act risk on immigration and more. i asked her what she would be talking about with the president, would she bring up both subjects? she said, i think i'll talk about both. so, we do know that's on the schedule at the white house, but she would apparently be on the opposite side of the president on so many of those issues, so we'll have to wait and see how this meeting goes, an intriguing one here at the white house today, carl. >> and a busy day for the president. other meetings as well with congressman cummings and the interior secretary, dinner with ted cruz and heidi cruz tonight. so we'll talk more about the president -- >> elon musk will

i'm carl quintanilla with sara eisen, jon fortt at the new york stock exchange.ng the market dip into the red, but it's largely toeing close to the flat line all morning long. the german chancellor meeting with the president for the first time at the white house today. expect them to talk trade, immigration, defense. that's all going to be on the

jon fortt has a look at what's coming up on "squawk alley." >>> good morning, michelle.t their content displayed next to controversial content. we will dig into that. also, republicans on the hill trying to whip up votes ahead of this health care vote tonight. what are the implications for your investments? all that and more coming up on "squawk alley." ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. one of the largest business process companies in the world. whether it's in health care, customer care, technology, transportation or government. we touch millions of lives every day. conduent. advancing the everyday. >>> welcome back to "squawk on the street." i'm dominic chu. the major averages are all hovering close to break even right now. real estate and financials the day's best-performing s&p 500 groups. regional banks are helping the financials move higher. you've got names like huntington banc shares, suntrust a