ken langone is here as well.her antitrust policy, as it exists today, makes sense in terms of how to address some of the -- the size and scale of some of these big companies? one of the things we've clearly seen is the price for consumers has actually come down or at least stayed steady. we keep hearing from competitors this effectively is a tax on everybody. >> boy, first of all, good morning. this is a double-edged sword there's no easy answer in this one. it's hard to say for the big tech companies don't have monopoli monopoliestic power. the standard oils of the world, they bought all of the oil supply and the consumer was gouged what we're seeing with most of the companies today digital tech, for the most part with the consumer, that's free. google, i pay nothing for it facebook i pay nothing, it's free amazon brings a product to me for less money than anything i've seen before it's hard to look at where the consumer is harmed there's a lot of roadblocks out there that we have to be really careful of i think

( laughter ) >> stahl: ken langone made his fortune as a co-founder of home depot.ine donated $100 million toward the free tuition initiative, and he helped raise the additional $350 million needed to make it a reality. >> langone: well, that's my job here. >> stahl: to go out and ask other people for money? >> langone: oh, i go out, and i look at somebody nice like you, and i grab you by your ankles, and i shake you. >> stahl: the money comes out! ( laughs ) >> langone: and, when you promise me there's no more nickels, i turn you right side up. but seriously? i have two jobs here. i'm a cheerleader, and i'm a fundraiser. >> stahl: tell us how this came about. >> langone: bob grossman, when he became dean, i sat him down. i said, "all right, boss, what are we going to do?" and he said to me, "one of the things i would love to have happen is for, one day, for us to be tuition-free." >> stahl: he said that right in the beginning? >> langone: 11 years ago. >> stahl: when he first came? okay. >> langone: 11 years ago. i said, "you know what, bob? let's do it." >> profes

later this morning, don't miss ken langone, the home depot cofounder will join "squawk box." will be right back ah, you could say that. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. hey. you must be steven's phone. now you can know who's on your network and control who shouldn't be, only with xfinity xfi. simple. easy. awesome. >> time for the executive recap. headlines you need juul sales have been stopped in china days after products went on sale there. no word what caused the change but amid changes here in the u.s. facebook handles privacy and content concerns the group will govern appeals and have the power to overturn the social media giant's own decisions. a panel has asked boeing ceo to testify. the house is investigating the now grounded 737 max following two deadly crashes we are hours away from the federal reserve's interest rate decision predicting 100% chance of a quarter-point rate cut but our next guest says to

ken langone. david rockefeller. andrew carnegie.alists have been proved our lives enormously. >> i sit on the campus of one of the great universities in the world. stanford. why did it become world class the last 30 years? because of silicon valley and all the money silicon valley generated and the hundreds of millions of dollars given to this university on an almost yearly basis. david: people could if they were just as greedy as liz warren and bernie sanders say they are, they wouldn't be sharing that money with anybody. but there is something more important going on. when you have success, you feel you do owe something back to the society that you were able to benefit from, no? >> yeah. well, yes. i would point out one other thing. why should we deny the billionaire who started particularly started something from scratch. the opportunity to do what they were born to do and do exceedingly well in the world. it would be like telling le bron james sorry, you are too dominant, you can't play basketball anymore it's ridiculous. david:

>>> all right, want to thank ken langone for being with us this morning. always a pleasure. come back soon. >> i sure will. >> lots more to talk about next time and a lot happening today. make sure you're watching to hear what happens with the fed decision see you tomorrow with delivering alpha. now it is time for "squawk on the street." ♪ >>> good morning welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. the dow is up 9 in the past ten days fed decision at 2:00 repo squeeze quiets down new york fed operation for a second day today europe is green. uk inflation disappoints oil down as the saudis give more intel on the attacks and the president orders treasury to increase sanctions on iran road map begins with watching the fed. investors expect the second rate cut in a decade. stocks mostly lower ahead of the open. >> fedex is falling this morning. shares down in the premarket over trade worries policy uncertainty, of course, as well continuing to weigh on the delivery giant >> and right idea, wrong approach,