medtronic's operational headquarters and all of its top executives are in the united states, but its official headquarters is here, in dublin, ireland, in that building behind me. that change of address was engineered two years ago when medtronic bought covidian, an irish-based medical device maker. this modest building in dublin may be medtronic's global headquarters, but the company employs around 4,000 people in ireland compared to more than 43,000 in the united states. >> they went out of their way to guarantee that they weren't going to move employees out of minnesota, that everything from a u.s. perspective would remain exactly as it was before. >> reporter: medtronic declined newshour weekend's request to be interviewed. in a written statement, the company said: >> we don't offer any sweetheart tax deals to any individual companies. >> reporter: ireland's minister of foreign affairs and trade, charlie flannigan, makes no apologies that 12 of the 20 biggest companies in ireland have roots in the united states. he says multinational companies have brought hundreds of thousands o

medtronic will help cardinal health continue to diversify away from that lousy drug short fall.years cardinal's been trying to broaden it's portfolio, and as of today it's one of a small share of pharmaceuticals that can -- these medtronic assets give the company much more exposure to the emergency rooms, nursing stations, critical care facilities. plus cardinal already has a huge distribution network to help sell the stuff. more important buying these things from medtronic, makes it a one-stop shop for all of hospital needs. and we know it's going to give the earnings a major boost, maybe we'll pay a higher price multiple for the stock. now i know these companies aren't perfect, far from it, cardinal is a troubled industry. but long-term, i think these two stories just got a heck of a lot more compelling than the market seems to realize. let's go to bailey in maryland. bailey? >> caller: hey, jim cramer, i'm from berlin, maryland. i would like to give a shoutout to my finance teacher mr. mark, and i would like to know about the nike stock. >> i hope he uses one of my books in h

and because of this position, we are not surprisingly choose to work with medtronic, and they are the and there is a great deal of synergy between the companies, it's not only that we are the leaders in spine robotics, we share a lot of things in the culture, in the mission, in looking at the fashlt thenlss, and this, the ability to have access to work together, with such a giant player in the spine, having access to all the big academic centers, hospitals around the world, both in the u.s. and out of the u.s. is something that is part of our growth strategy. and this was part of our strategy to accelerate our growth, now when we introduce the -- >> let's say this blows out the sales and people catch on like they did with intuitive surgi l surgical. are you able to make enough to meet demand? >> i think so, i don't think we have any limitation on the ability to manufacture units and i feel very comfortable with our ability to deliver the units to the market and we are training and hiring the team in order to support the cases and we're looking for the future, i think we have a huge ma

medtronic flat, largest deal we have this morning. >> another stock united airlines reported earningsctually that were better despite another statement we got from oscar munoz on the incident where dr. dao was dragged out of that plane. it got so much attention, the video that went viral. he called it a watershed moment for the company, and one that they are working to reform, despite what was better than expected results. he said clearly we have problems connecting with our consumer. we are expected to hear a little bit more about this and the numbers on that earnings call, which is this morning, which will follow for you. overall, the metrics that people are watching including boosting capacity were solid. >> we mentioned the president going to wisconsin today, this buy american, hire american executive order also based in wisconsin, is harley-davidson, which is going to be down i think about 4% here at the open. outlook on shipments 80,000 to 85,000 for the current quarter, consensus around 88,000. they've been reducing shipments of newer models to get dealers to shed their existin

drug distributors are down since card -- cardinal brought -- bought business from medtronic's.he bank of america merrill index of this financial stress -- index of financial stress, this is one that goes back to 2012. if you look at year to date you will see what is going on. we see a spike in that financial by increaseddence volatility across asset classes, and declines in stocks. let's take a look at the financials, we had all these earnings from various companies. goldman sachs trading revenue disappointing. bank of america has turned into the red even though that company on the face looked like it's numbers beat estimates. the increase in net income will moderate. down, financial predicting to see numbers flat to slightly down. schwab reported numbers that beat estimates by the -- but is down with others. i want to talk about commodities, remarkable moves in copper futures after they were allowed to reopen a mine. copper was trading at its lowest since january, and iron ore having a big move, not just today but it has been slumping, down 3.5% today. citigroup is bearish on

m medtronic and j & j global is in there.em, mazor still needs to raise awareness and convince doctors and hospitals that it's systems are worth buying. it's hard to say how they're doing this. but i have to admit that it concerns me that mazor has so few of its machines in teaching hospitals. the first thing they should do is get them into teaching hospitals because that's how you reach the largest number of physicians, especially the young ones who represent the future of the industry, what else? once a hospital buys one of mazor's machine's, they set for years, right now the install base for these things is very small, so at the moment the vast majority of mazor's profits come from revenue base. plus mazor is not yet profitable, even though the company sales keep rising, so is it's marketing spending, it's up 30% last year. that's money well spent. we still don't know when mazor will turn a profit. if by some miracle, republicans do manage to repeal obamacare, hard to see what that happening, that may make hospitals less w

medtronic. the headline is medical device maker pushes misuse of product protecting the corporation from its victims. it starts out saying illness can be frightening. we turn our health and our lives over to medical personnel and their many devices of healing. while the physician is highly trained in medicine, the device manufacturers are highly trained in selling their products to the physicians. patricia caplinger learned this the hard way. suffering from a degenerative disk condition, patricia caplinger and her doctor discussed options. med tronnic developed the infused bone graft device which stimulated bone growth. the f.d.a. had only approved its use for surgeries entering the body from the front and a medtronnic representative recommended an -- enter from behind. not knowing that medtronnic knew it could cause serious complications caplinger and her doctor chose to follow medtronic's advice. the company and its representative was present for the operation. the consequences of the company'

medtronic rising within 2% after hours.ouse set to be in talks to acquire medical supplies business in the deal could be announced later this month. constellation brands due to report its latest quarterly earnings this morning. shares suffered after president trump and post a attacks on mexico where most of the companies serious need. lauren: think corona. house members to leave washington for two weeks to batter placement or obamacare. mike pence is still optimistic. >> republicans are united in our commit it to keep the promise they made to the american people years ago to repeal and replace obamacare. lauren: will health care reform ever become a reality? burlesque shearson haglund. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ you are so dang, you probably think this song is about you. ♪ you're so vain, i bet you think this song is about you ♪ ♪(banjo) ♪ooooh ♪i hope the days come easy and the moments pass slow♪ ♪and each road leads you where you want to go♪ ♪and if you're faced with

. >>> reuters reports that cardinal health is in talks to buy medtronics supply business. deal worth about $6 billion could be announced sometime this month. >>> and japan's seven & i holdings, the parent of 7-eleven is buying more than 1,000 u.s. gas stations and stores. seven & i generates 80% of its profits from the stores. >>> mgm is buying epix in a $1 billion deal. >>> when we come back, the wall street agenda including another read on the jobs market and we'll take you to china for a look at the ekxpectations out o today's big trump-xi summit. you get used to food odors in your car. you think it... ...smells fine, but your passengers smell this bell dinging new febreze car with odorclear technology cleans away odors... ...for up to 30 days smells nice... breathe happy, with new febreze. tha...oh, burnt-on gravy?ie. ...gotta rinse that. nope. no way. nada. really? dish issues? throw it all in. new cascade platinum powers through... even burnt-on gravy. nice. cascade. >>> welcome back. on today's agenda, weekly jobless claims out at 8:30 a.m. eastern. and some fed spe

. >>> medtronic is recalling devices used to monitor fluid build up in the brain.untary recall is being done due to an issue that can occur after implantation. >>> general motors says china sales fell due to a shift in the government's tax policy. march sales overall rose 16% from last year. >>> pricesmart quarterly recall thes coming up short of the expectations. shares of the warehouse club falling on the news. wd-40's earnings missing the mark and the company cutting its full-year outlook. the stock down more than 4% on the news. >>> the united states launching dozens of cruise missiles at a syrian airfield. matt bradley joins us live from beirut with an update. good morning to you, matt. >> reporter: good morning. so, right now we've just heard there were probably something like six syrians who were killed in this u.s. air strike on the syrian regime base. this is a major escalation, but so many people in the region are seeing this as many in the u.s. are, that donald trump has essentially painted himself into a corner with his bellicose language about the syri

medtronic and covidien before that and some speculation this will continue to fuel speculation in theors have been waiting for m&a action. it's really happening in the med tech space. back to you. >> thanks. you forget sometimes the size and the common occurrence of some of the deals. meg tirrell, from headquarter q. we'll look at france's stock index, it's having a big up day. >>> later, former ecb president jean-claude trichet will join rick santelli on the historic french outcome. [weather reporter]: governor has declared a winter weather emergency... announcer: soon, insurance companies won't pay for damages, that is, not if they can help prevent damages from happening in the first place. at cognizant, we're turning the industry known for processing claims, into one focused on prevention with predictive analytics... helping them proactively protect the things that matter most. get ready. because we're helping leading companies lead with digital. >>> good morning, everybody. i'm sue herera. here's your news update at this hour. u.s. defense secretary james mattis arrived unannounce

. >>> reuters reports that cardinal health is in talks to buy medtronics supply business. deal worth about $6 billion could be announced sometime this month. >>> and japan's seven & i holdings, the parent of 7-eleven is buying more than 1,000 u.s. gas stations and stores from sunoco. seven & i generates 80% of its profits from convenience stores. >>> mgm is buying epix in a $1 billion deal. viacom owns half of epix, which is about 14 million subscribers, lion's gate has a 31% stake. the lead story in the "journal," ge still owns light bulbs? >> yeah. >> they tried to get out before. >> they tried, then doubled down on light bulbs in terms of building out the next generation one. >> that's when we got the fluorescent ones where -- >> the kind where if you drop one, it cracks -- >> in the hazmat suit. >> just to clean it up? brilliant. so they've done a lot at ge, right? still $29. i don't know what you need to do. still $29. tlaif do they've done a lot. better than $6, which is where it was. >> still not 60, where it was 18 yea years ago or whatever. >>> president trump and

jude and medtronics. also a takeover battle with two paint makers.bel. that's higher than the march 2nd proposal. akzo has rejected two offers. >>> gas prices up three cents over the past two weeks which puts the average price of unleaded regular gasoline at $2.46. it's about 28 cents higher than a year ago. >>> when we return, congressman patrick meehan on the issues that matter most to your country. a lot of things coming up and a possible government shutdown. >>> and adam grant on the book he co-authored with sheryl sandberg. >>> and dr. david dao's lawyer will speak to "squawk box" about his client's case against united. stay tuned, you are watching "squawk box" on cnbc. ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of t

smithfield has joined a public/private tissue engineering consortium that includes abbott labs, medtronic the initiative is funded by a grant from the u.s. dpt of defense. transplants are used for people diagnosed with organ failure who have no other treatment options. >> okay. we've got to go. but it's all over twitter today and it's somewhat hilarious. on southwest there's attendant says we're going to need four passengers. then says just kidding, another southwest attendant goes on the loudspeaker and says welcome to southwest, where we beat our competitors, not our customers. so this is going to continue, i imagine, not just on southwest but other airlines. results from cnbc's exclusive all-america survey, including parts of president trump's agenda getting the highest approval ratings. oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies lead with

companies we all use each and every day, such as apple, amazon, microsoft, and even minnesota's own medtronic. they all started with a dream, a lot of hope and necessary access to tools, resources and most importantly, working capital. not only does the limited access to working capital affect our state and local economies, it impacts opportunities for jobs for hardworking americans. small businesses are responsible for 70% of new jobs in this country. this legislation will help put americans to work. the supporting americas innovators act updates current law to increase the number of individuals who are able to invest in and support startups and small businesses across the country. this bill will help jump-start capital formation for local businesses and entrepreneurs, enabling main street america to not just survive but to once again thrive. i want to thank congressman mchenry for introducing this bill that received, again, near unanimous support in the committee, and i encourage all my colleagues on both sides of the aisle to support this important legislation and i yield back. the speaker