i am carly fiorina with morgan brennan and jon fortt at the post 9 of the stock exchange facebook following another key executive departure, heightened scrutiny from the attorneys general. facebook, google, twitter are on the side of the radical left democrats. fear not, we will win anyway just like we did before, #maga they focused on the two day policy meeting with the fed. the dow looking to cap off the longest win streak since january. joining us, christopher aleman chris, good to see you thanks for joining us from across the pond. before we get into specific names, i wonder what you make of the chase that we have seen since january 4th, and the idea that people are feeling left behind in the market >> well, they're feeling left

. >> from launch pad 39a at the kenned space center, i'm morgan brennan. it is a key test launch for spacex but also for america. we've got that storynioming up ontly bu" > ere's a look at what to watch for next week. on tuesday, nachina's nat peoples congress gets under way. investors will be looking for any economic policy changes. >>> on tsdnesday, target rep earnings, which will provide a fresh look into the state of retail and the of the consumer. >>> and on friday, the government releasesth its mon employment t report, at's what to watch for next week. >>> wells fargo officials have reached a record settlement with areholders over the bank's fake account scandal. the deals requi spinsurers for current and former executives to pay $240 million to the bank. it resolves claims thates executreached their fiduciary duties by failing to stop the creation of the bogus accounts which were made without customer authorization. the officials denied any wrongdoing. >>> the ride-hailing company lyft has filed to go public. the firm is looking t much as $100 milli

morgan brennan takes a closer look at what's happening inside >> reporter: years, not months. that washe takeaway from larry culp this week after the general electric ceo said industrial cash flow would behi negative year. >> with respect to cash, you see we were at $4.5 billion last year. as we come into 2019, we're going to be in negative arritory. this will be year we'll have both operating and non-operating pressuresren our cash. >> reporter: the power business continues to be a key source of pain. is year it will bring higher restructuring costs, and culp barns that a outurn-around still take years. it send shares tumbling. analysts are mixed on what it all means, with some warning the road ahead may still get hile others believe the stock is a buy for the long term. >> we've gotow organic , smaller company, right, because we've been divesting assets. we've got margins improving, okay. there's ope cash flow from continuing and then you've got all these legacyissues. an then those legacy issues will ill some be there in 2020, but they'll come down. you know, this rig will

so is morgan brennan she's at the pentagon ahead of her interview with the u.s. secretary taking place the bottom of the hour more from morgan in a minutes. we begin with boeing as the uk joins a lit of other countries in grounding its 737 max jets. phil lebeau joins us from chicago. what's the latest? >> it is a morning we heard from more aeriairlines and countries. there's a report from german tv the transportation minister in germany says german air space is shut to 737 max-8s that's some of what we're seeing today. when you look at the cascading number of announcements today, let me bring you up to speed in terms of how many airlines said they'll ground the max 8 and what percentage of the global fleet it represents. you're looking at 27 airlines around the world that's out of 46, 47 airlines that have the max 8. 48% of the global fleet. that's how many of the planes are now grounded, uk, malaysia, singapore, australia all saying they'll no longer allow the max 8 to be flown in those countries, so it brings up the question what about the united states we hear

i am jon fortt joining me, contessa brewer, andrew ross sore kin carl is on assignment, so is morgan brennane kennedy space center we're going to hear from her in just a moment. >> all right let's begin with tech stocks major indexes off initial highs, nasdaq on pace for a tenlt straight week of gains first time in 20 years since christmas eve, up nearly 20%. faang stocks fueling the rally, all five off to a strong start for the year joining us where to find value, tom forte, and aaron kessler gentlemen, good to see you both. tom, we regained some ground we lost last fall heading into spring, what drives tech >> sure, you look at in particular for amazon and for apple, it's about maintaining strength in the u.s. consumer and then the cloud computing effort for amazon and then for apple it's really about finding new opportunities beyond the iphone but i do think that, you know, 2019 you're still looking at good up side, at least for amazon and apple on the cloud computing efforts for amazon, and apple's ability to find opportunities beyond the iphone. >> aaron, where are you looking for conti

the low about 4.5% right now this after comments from ceo larry culp morgan brennan is tracking that from the nyse. >> reporter: those comments from ceo larry culp continue. he is currently sitting down and having a conversation at the j.p. morgan aviation industrial conference with really, wall street's biggest bear, j.p. morgan's analyst steven tusa the comment that sent shares tumbling they had been in positive territory before that. total industrial cash flow negative in 2019 that the plan is to step up restructuring spending in power and elsewhere. also, adding he's going to be talking more about those restructuring plans when the company outlines more specifically its 2019 and beyond outlook next thursday. but some of the other comments that came out of this as well affects meaningfully less in terms of the head winds to cash flow in 2020 or 2021 also, saying that organic revenue up mid to single, excuse me, low to mid single digits and health care organic up low to mid single digits and then power down, flat down market and talk about capital, noteworthy because that's an area

i'm carl quintanilla with morgan brennan and jon fortt at post nine of the new york stock exchange andre lower again this morning, in the midst of their worse week in 2019 dow and s&p both lower for the sixth time in seven days, that despite the recent overall weakness, tech continuing to outperform the major averages, with names like roku leading the charge, higher again today already up more than 130%, since the start of the year. joining us now for a look at the tech names is eric hippo, managing partner at larry hippo and michael morris, tech analyst at guggenheim securities, just raised his price target on roku. guys, good morning >> good morning. >> eric, i want to ask you about the impact of this coming wave of ipos in 2019. we were just talking about this yesterday. a float the size of which we've never seen what do you expect the impact to be on "a," the start-ups potential coming behind it, because there's questions about whether or not there's enough investment out there to absorb all of that. and then just other stocks that have gone public over the last two to three years,

morgan brennan has the details morgan >> hey, scott. shares of general electric reversing course and plunging this afternoon after ceo and chairman larry culp said significant known headwinds would mean industrial free cash flow will be negative this year. >> with respect to cash we were at $4.5 billion last year. as we come into '19, we're going to be in negative territory. this will be a year we'll have operating and nonoperating pressures on our free cash >> culp saying there will be a step hundred tupin the restructg he does expect the effects on cash flow to meaningfully lessen in 2020 or 2021. the comments coming from jpmorgan's aviation and transportation industrials conference where culp did sit down with the jpmorgan analyst who's been the biggest bear on wall street on this company but perhaps the most instrumental since his contrarian have been largely correct, culp adding organic revenue will be up low to mid-single digits thanks to strong performance in renewables and ge capital is open to something creative with its invest

morgan brennan joins me to explain morgan. >> kelly, that's right g.e. ceo calling it a reset year g.e. expecting industrial free cash flow to be flat down to $2 billion this year to returning to positive trert in 2020 and accelerating in 2021 power continues to be the biggest pain point and ceo larry kulp telling me we will have a greater level of negative cash flow in the business it was negative 2.7 billion last year that's worse thisser year and from there getting significantly better in 2020 and we expect positive free cash flow in 2021. now, g.e. on the investor call today saying health care and renewable face pressure this year also adding that g.e. capital will stop losing money by 2021 but may need more cash next year to fund the insurance liabilities forecasting adjusted earnings of 50 to 60 cents per share but they expect the gps to grow in 2020 and 2021. kelly as you can see investors reacting to this pretty positively stock up 3% because i think the numbers while painful not as bad as feared. >> and what might be the growth areas he is talki

but it's time for rapid fire here with their takes are mike santoli, our baseball guy, morgan brennanwhat's your -- you got a sport? you are the amateur female golf sport for me today >> okay. >> and bill griffeth the first thing we want to talk about is online mattress retailer casper which may be looking to get in on the ipo fever that's gripping the start-up world sources familiar with the company's plans say casper whose investors include leonardo dicaprio and 50 cent >> i wouldn't be surprised if they look at the chart of wayfair from 20 to 150 in the last five years and say, okay, disruptive online provider going after the quasi furniture market maybe not a bad thing. it's a bad business if you are in bricks and mortar but if you are -- >> mattress firm this is the one they fold up the mattress and put it in a box >> yeah. >> so there's a nov elelty fact. >> i have two of them. it's a decent mattress it came in a box and it was very affordable they do have a lot of competition and so i do think this idea of, you know, looking to ipo may be first to market type of advantage like

morgan brennan joins us with all the details. n. >> reporter: oh, and there are a lot of details, carl the call just ended a bit ago. it was 90 minutes and covered quite a bit of material. i spoke directly with the ceo larry culp and asked him how he would sum up 2019 in one accepts tense. he said, quote, game on. free cash flow that's the biggest focus for the company, for investors who are trying to value the stock in the midst of this reset as ge looks to turn itself around. the company is expecting industrial-free cash flow to be zero to down 2 billion in 2019, but on that investor call, culp still striking pretty hopeful and upbeat tone for the longer term >> if we get the returns that we can and should on restructuring, let alone the underlying operating permits that we're making, we think we get cash flow back to positive territory. in '20 we improve upon that and in '21 in longer term we're in a position where we think this portfolio should yield on a cash flow basis numbers far in excess of what we did last year >> so pow

morgan brennan has more. >> reporter: ge's vision is 2020. this year investors can expect lower profi and weak cash flow as the company continues to cut costs and debt. cash is a key focus for the company and for investors trying to value stock in the midst of theturn-around. ge expects industrial free cash flow to be down as much as $2 billion in2019. but on a call wit investors, culp did sound hopeful about the long term. >> if we get the returns that we can a should on restructuring, let alone the underlying operating improvements that we're making, we think we get cash flow back to positive territory. in '20, we improve upon that in a and in longer term are in position where this portfolio should yield on a cash flow basis numbers far in excess of what we did last year. >> reporter: power ctinues to the biggest pain point, culp telling me we'll have a g oater leve negative cash flow in business this year. it was negative $2.7 billion last year. it will be worse this year ando here get significantly better in 2020. we expect positive free

. >>> morgan brennan has a story >>> shares of pge are plunging, this because ceo and chairman lar larry culp set cash flow will be in negative territory. also stepping up restructuring in power and elsewhere these headlines coming out of the jpmorgan conference right now, industrials, aviation, et cetera, conference where larry cuilp is sitting down and up low to mid single digits. also the effects of non-headwinds to cash flow to meaningfully lessen in 2020-2021, but that free cash flow negative is what's sending the shares lower we'll continue to monitor it and bring you any headlines. >>> thanks we'll have much, much more here's what's still coming up on "the exchange. >> announcer: coming up, why one analyst says netflix could be in danger >>> harley's new target -- children and congrats to kylie jenner at a aadn apth'sllhe i"rid fire." yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um,

carl quintanilla with morgan brennan and jon fortt. major averages are lower, the dow and s&p had the worst day in a month monday, getting mixed signals between upbeat economic data. we are joined by you both. good to see you. you have been constructive on the markets, rightly so for the past several months. what's it going to take to get us past 2800, 2815 >> well, i suspect that investors are taking a pause here not just because the fed is taking a pause but mostly because they are worried if we do get hit still with china, there might be a lot of selling, the old adage of selling on the news so i think we're just kind of waiting to see if there's going to be a peace dividend from a likely deal with the chinese, with the global improving, will that be a positive for earnings. we all know there will be an earnings recession in first and second quarters, those seasons are coming up, and i think investors are waiting to see whether the first quarter earnings season, guidance might be positive or negative. so i think everyone is taking a

i am jon fortt at the post 9 with morgan brennan and david faber.re's carl >> carl is off the averages are rallying, shrugging off concerns of slowing global growth. apple and boeing are leading the dow higher the s&p having the best start since 2012 joining us onset, bob pisani >> 8 to 1 advancing declining stocks at the open one of the strongest opens in a while. it hasn't dropped at all stock traders get obsessed with different themes for the past week it has been a two note beat. global growth concerns and treasury yields and they're related. the dividing line is among those that think 2020 recession fears are real and those that think they're overblown. that's what matters. why are we rallying today? stock traders have been obsessed with lower rates with the inversion of three month and ten year treasury especially important to them, so we are being helped by higher yields. the big note overnight that everybody is talking about was goldman, sachs which noted a good part of the inversion could be explained by international investors coming into

i'm morgan brennan in for sara eisen.ill rejoin me in a moment along with mike santoli, senior markets commentator. here's how we're finishing the day on wall street as stocks settle near session highs with the dow finishing the day up 200 points. 25,651, up .8% despite 150-point drag from boeing after that deadly plane crash s&p 500 posting its best day since january 30th you can see that right there 2783 up 1.5%. nasdaq composite, a similar stat there. up 2%. led higher by semi stocks. 7558 russell 2000 up 1.8%, as well. here are the stories on the radar for investors. morgan stanley warning the stock market correction may not be over upgrades of apple an facebook fueling the nasdaq rally and a key brexit vote could move the market tomorrow. in terms of what we are seeing here, joining us to talk about the market day, katherine rooney vera good afternoon to you. but first, mike santoli, let's start with you major averages breaking a five-day losing streak how would you categorize it? >> finishing on the highs. whatever

i am jon fortt with me, morgan brennan and david faber.l has the morning off and we start with lyft set to price later today as investors await the biggest tech ipo this year so far since alibaba's 2014 debut. lyft which remains locked in a battle with uber says revenue crossed. losses shy of 1 billion. joining us, david chow, from d.c. m ventures, the only silicon valley investor in careem david, a lot of action in the past few days on investments in ride hailing as we look ahead to the next phase, what's important in the space? >> what's important in the space is for uber and lyft to have a great ipo. and i think you have next generation companies, for example, companies like lime which is the number one scooter share in the world and delivery, certainly companies that deliver cannabis and grand, number one scooter share in latin america i think the on demand share economy in delivery is going to be a hot space. >> is it the amount of load the drivers are carrying, delivering things other than people, delivering food, et cetera, is it ex

i am jon fortt, with me morgan brennan and sara eisen carl is off. >> shares of apple are falling thisng down about a half percent, although well off lows ahead of the company's highly anticipated product unveil josh lipton joins us from cupertino for a look at what to expect hey, josh. >> reporter: so morgan, i covered a lot of apple events over the years, this is expected to be a lot different. for one, we may see serious hollywood superstars here. reportedly invitations went out to reese witherspoon, jennifer aniston, jason mamoa when he takes the stage, it is not expected to be on hardware, it is haeanticipated he will fo on new digital services. we expect a new video streaming service including original content and access to other streaming services like hbo. then apple takes a cut of the transactions a news product that includes content from newspapers and publishers, "the wall street journal" is involved on that front. reports new services would be under that broader umbrella, that services segment which apple is touting as a bright spot, even as the iphone franchise has come un

i am jon fortt morgan brennan and sara eisen live from the floor of the new york stock exchange. carl is on assignment. we begin this morning with amazon shares up 2% as evercore raises a price target on the stock, citing gross profit as a more important metric than revenue, taking it under $2,000 a share meantime, amazon's announcement of the new grocery venture sending names like kroger and walmart lower last week. this as "new york times" publishes a profile of amazon's chief executive, how jeff bezos went to hollywood and lost control. where does the stock go from here for more on all things amazon, we're joined by elevation co-founder, early facebook investor roger mcnamee, up with a new book, zucked >> good to be here. >> a lot of ways to come at amazon with the headlines. >> new angles we're not used to relative to amazon >> the upgrade, given how big a part bezos amazon, are you surprised the stock held up this well with questions? >> i'm actually not. i think jeff bezos is arguably the smartestpers person i met a capable tactician. the company is in good hands, even with

i am carly fiorina with morgan brennan, jon fortt at post 9 of the new york stock exchange.e have an awfully big show to get to the ceo of nvidia is with us in a few moments exclusively on the company's $7 billion acquisition. kara swisher, why mark zuckerberg is so interested in privacy all of a sudden, and bottom of the hour, secretary of energy rick perry sits down with brian sullivan we begin with another special guest. stocks are higher coming off the worst weeks of the year. we are joined in another cnbc exclusive by john rogers good morning good to see you. >> good morning. i wou >> i would love to get your temperature on sentiment s&p was denied 2800 again last week, yet a dip like today bought aggressively. what do you make of that >> i continue to think bathere' lot of negative sentiment, so much conservatism. people remember the financial crisis from ten years ago. we think when there's negative sentiment, it is a great time to buy. >> how do you process data coming in from around the world that suggests a global slowdown and potential risk the united states is ca

coming up, morgan brennan is live inside the pentagon with the secretary of the army who is going to how much of that money is spent. "squawk on the street" will be right back measure up? a cfa charterholder does. you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org at&t provides edge-to-edge intelligence, covering virtually every part of your finance business. and so if someone tries to breach your firewall in london & you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when this happens you'll know how to quickly

morgan brennan is live at the launch pad in florida. this could be a game changer, right? >> reporter: it could be this could mark a major milestone. this test scheduled for later tonight for spacex but also for america as a whole we're standing on the launch pad. just to give you a sense of what you see behind me. this is a falcon 9 rocket and the top is crude dragon. if all goes as planned this is the first time a commercially built rocket will be launched. the u.s. has not actually had the capability to send humans into orbit, into space from u.s. soil instead we've been paying the russians incredible sums of money to do that for us. to address this nasa awarded two contracts under its commercial crew program to spacex to develop this dragon capsule and 2.4 billion to boeing for its star liner kidnap result spacex and boeing will own and operate this spacecraft and what will happen nasa will lease them out for missions this is a new business model we haven't seen before. the reason we're here this is a key test humans will not be on board this when it launches but space

it seems like investors are realizing that the turnaround could take not months, years morgan brennan is joining us with more. >> hey tyler that's right, so shares are down another 7.5% right now the biggest focus is really cash flow and yesterday larry culp said that that would be negative for 2019 just for some context here, as rough as last year was, and it was rough for ge, industrial free cash flow adjusted was still about $4.5 billion power continues to be one of the biggest pain points. so this year will bring higher restructuring cost and culp warning that the turnaround will take years also questions around ge capital which culp says will need another $4 billion this year as it continues to work through liabilities including that legacy insurance business that investors are going to learn more about tomorrow morning. now, those comments throwing cold water on a rally ahead of yesterday. saw ge stock jump more than 45% from the december low. and ge has been buying time including that $20 on billion sale that it announced of its biopharma business last week that is cash that wi

on wall street and "squawk alley" is live ♪ ♪ >>> good morning i am carly fiorina with morgan brennan jon fortt. dow down 6 points. we start with boeing on watch today, down two-tenths of a percent following the president's call to ground all of the company's 737 max jets. let's go to contessa brewer. >> they call it an emergency related to safety and commerce and grounded the max 8s and 9s the acting administrator told cnbc they got new information just yesterday before the announcement was made, physical evidence from the crash site of the ethiopian flight 302, and refined satellite data, tracking data passed on by flight aware and partners at arion. there are some similarities between the ethiopian crash and a lion air crash five months ago. >> the full track of the ethiopian flight was close to lion air also, the evidence we discovered on the ground was even further evidence that the flight was very similar to lion air. >> boeing is standing behind the safety of the max aircraft, says out of abundance of caution is urging the faa to suspend operations of the max fleet, 371 airplan

i'm john quintanilla with morgan brennan and jon fortt at post nine of the new york stock exchange wein this morning with some regulatory headlines with tech google hit with a $1.7 million fine and facebook announces an ad overhaul of its targeting position joining us with big positions in big tech is noted tech investor, bill nygren, u.s. equities ceo for harris associates, more than $16 billion under management bill, welcome back good to see you again. >> thank you, carl >> what do you make when you wake up in the morning and you find that this fine has come down, even though partly expected has it truly become the cost of doing business for some of these global players >> well, i hope it isn't just the cost of doing business, but when you look at the scale of the fine relative to what we think alphabet is worth or its current market cap, it comes to something like a tenth of 1% so clearly they can handle this. but i think the important part about the positive case for alphabet is just the strong tailwind of more and more advertising moving online and alphabet's in a perfect positio

. >> i'm morgan brennan in for sara eisen january retail sales higher than estimates.ll get a read on the consumer when we speak with ceo first on cnbc. >>> plus, we are taking you inside south by southwest for a look at some of tech's coolest new gadgets. bit of fun coming up with that story. >>> let's check in on the markets. just under an hour left of trade. the dow is the laggard of the major indices because of boeing. it's paired the losses

i'm jon fortt with me at post nine, morgan brennan and david faber.f we start with the nasdaq on pace for its best start to a year since 2012 this as a flood of tech unicorns seek to go public this year. lyft set to make its debut just on friday. and despite giant losses, more than any other u.s. start-up in the last 12 months leading into its ipo. so as venture investors cash out, should public investors get in with us here at post nine, legendary tech investor, founder of graycof, alan patricof. great to have you. >> thanks for having me. >> so it's like $9 million on losses on more than $2 billion in revenue in the last year. on one hand, you have lyft coming you also have pinterest coming, which has narrowing losses kind of a different, i would argue, discipline to its approach how should the public market investor parse through this and make sense of it >> listen, let's look at it. let's face facts for the last ten years, we haven't had an ipo market. we've had a lot of companies saying private longer because there was a lot of money available in

i'm carl quintanilla with morgan brennan and jon fortt.he market's having a pretty good day dow's up 128 we'll start with apple shares higher again today, up 5% this week along despite some regulatory headwinds this morning as elizabeth warren calls for the breakup of the company's app store, spotify filing a complaint with the eu today, saying that apple is engaging in anti-competitive business practices with its so-called app store tax. da davidson's jon fortt is here to talk about what the stock's done over ten weeks. 40 bucks in essentially that time what do you think's going on >> i think the story for apple has been, what does life look like after the iphone. in a couple of weeks, we have the new event for apple where they're going to talk about their streaming video service. and the good news for investors is they're starting to see that there's more to apple than the iphone and i think what they're doing in content is a great example. i'm not overly concerned about elizabeth warren's calls to break up any of the big tech companies.

i am jon fortt here at the nasdaq market site, overlooking times square morgan brennan and melissa leeh me. carl has the morning off we are awaiting opening trade in lyft which could happen any minute >> as weawait that, it is a highly anticipated wave of unicorn ipos lifting off this morning, pun intended, with ride hailing service lyft above the initial range of $72 a share, valuing the company more than $20 billion full team coverage and analysis for you as we await that opening trade. seema mody tracking the action at the nasdaq. deirdre bosa, and we are going to begin with seema mody as we close in on opening trade. >> morgan, the market is open about an hour and a half awaiting lyft to open. we are getting an indication from jay heller, the chief ipo tell us, 88 >> i mean, right now the book, settling into a range of 85 to 90 it is still very early 2.9 million shares we will keep building, take our time this will not be a sprint. >> 85 to $90 that's the indicative range at this point only 6 million shares have priced talking about 35.2 million shares have to be priced this is cer

it's time for "rapid fire" and julia boorstin is in the house, dom chu as well, morgan brennan.reat to have everyone julie, this is straight serving it right up for you, because the big story of the day is that netflix ceo reed hastings says they will not allow content available from netflix on the apple service to be announced next week. he says we'd rather let customers watch content on our service. boom >> i think it's not a big surprise here. we'll learn more about what apple is planning on monday when they make their big announcement, but the reality is that netflix wants to sell directly to consumers. they don't want to give a 30% in the first year to apple and then 15% in subsequent years. makes a lot more sense to go directly, and if apple's creating a rival service, kind of makes sense to go their own ways. >> it's crazy only because of the deloitte study, right? 69% of households now pay for a streaming service versus 65% that pay for traditional linear television. >> wow. >> so there's a tipping point at play right now so when we talk about streaming, huge news, but i

continuing to be under pressure today following comments by ceo larry culp yesterday let's go to morgan brennan at the nyse now they may have negative earnings this year see what it's doing to the stock. >> we're at session lows right now for the day. down 8% with that ge stock cash continues to be the chief concern here and the disclosure that industrial free cash flow would be negative in 2019. it's what triggered the sell-off for all of this. before that, the stock was up 45% from its december lows so really throwing cold water on the rally. bottom line, power still going to take years to fix restructuring there will cost more also ge capital, formerly a cash contributor, will continue to require more money another $4 billion this year according to culp. that said, he does expect the pressure on cash flow to lessen in 2020 or 2021. in terms of reaction here from wall street, the bears have more ammo today and the bulls are cutting price targets but also cautiously doubling down on this being a multi-year turn around story to be bought for the longer term. you just mentioned jpmorgan. getting

morgan brennan just okspe with larry culp on the phone and she'll join us next.more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certified financial planner™ professional, is committed to working in my best interest. i call it my "comfortable future plan," and it's all possible with a cfp® professional. find your certified financial planner™ professional at letsmakeaplan.org. >>> welcome back. big tech in focus with calls from politicians to break-up companies like amazon, google and facebook and new this morning the "new york times" reporting that facebook's data deals with fellow big tech companies are now under criminal investigation. a grand jury investigation, in fact. joining us right now tech investor alan patricof. we've been talking so much with you over the past year about the issues involving some of the big tech companies and whether they should be broken up and what should happen. this new story this morning about a criminal invest

said the industrial free cash flow would be negative among weakness in its power business our morgan brennanhe streak is responding. >> stocks down 3.5% and we're down 13% just since the start of the week we don't actually have full 2019 outlook or guidance from ge yet. we're not getting that until next thursday so these comments from ceo larry culp yesterday about the fact that industrial free cash flow will be negative for this year was probably the most detail we've gotten in terms of the year. that was not taken well. obviously we're talking about a company that's in the middle of what is going to be a multi-year turnaround, but just the fact that we got that detail i think after the stock have risen something like 45% since its december lows definitely sent a shiver, if you will, and so it is -- it's putting a lot more focus again on power, on how long the turnaround there is going to take and also it's putting more focus on ge capital because you'll recall that had been an area that had been adding cash to the broader ge company and in the last two years has been sucking cash and that,

i am carly fiorina with morgan brennan, jon fortt at post 9 of the new york stock exchange.w to get to the ceo of nvidia is with us in a few moments exclusively on the company's $7 billion acquisition. kara swisher, why mark zuckerberg is so interested in privacy all of a sudden, and bottom of the hour, secretary of energy rick perry sits down with brian sullivan we begin with another special guest. stocks are higher coming off the worst weeks of the year. we are joined in another cnbc exclusive by john rogers good morning good to see you. >> good morning. i wou >> i would love to get your temperature on sentiment s&p was denied

cnbc's morgan brennan has more from the kennedy space center. reporter: early tomorrow morning, wilf. early. so this test launch, it could mark a major milestone for spacex and for america overall if all goes according to plan, this will be the first time a commercially built spacecraft designed to carry humans is launched into orbit and visiting the international space station. now, since the space shuttle program ended back in 2011, the u.s. has not actually had the capability to send humans from u.s. soil into space, into orbit. instead we have been paying launch sums of money to russia to do it for us. nasa awarded two contracts several years ago under the commercial crew program to address this one for $2.6 billion to spacex to develop its crew dragon which is the capsule atop the rocket behind me. the other one to boeing for the cst starliner for $4.2 billion the way it works, they will own and operate the spacecraft and nasa will eventual lease them out for its missions now, spacex, this test tonight not going to have any humans on board.

morgan brennan joins us now with the latest on ge morgan >> another rough day for this stock today.ded the day down about 8% biggest focus for this company has been, continues to be cash flow yesterday ceo larry culp said that would be negative for 2019. to put this in context, as rough as last year was for ge, industrial-free cash flow was $4.5 billion, was positive power continues to be a pinpoint you have culp warning a turn around is likely to take years still. also more questions about ge capital, which culp says will need another $4 billion this year as it continues to work through liabilities, including legacy insurance business that investors are going to learn more about tomorrow morning. so, those comments really throwing cold water on a rally that, ahead of yesterday, did see ge stock jump more than 45% from the december low. keep in mind, though, still up about 20% year to date ge has been buying time, including the $21 billion sale, that's cash that's going to go toward paying down debt. guys, really, this news sort of highlighting that perhaps the stock had gotten ahea

i am carly fiorina with morgan brennan and jon fortt.ion capital general partner paul who wiholl. nasdaq is coming off the first three day loss of the year on pace to snap what was a ten week win

i am jon fortt with me, morgan brennan and david faber. carl has the morning

i'm carl quintanilla with morgan brennan and jon fortt.28 we'll start with apple shares higher again today, up 5% this week along despite some regulatory headwinds this morning as elizabeth warren calls for the breakup of the company's app store, spotify filing a complaint with the eu today, saying that apple is engaging in anti-competitive business practices with its so-called app store tax. da davidson's jon fortt is here to talk about what the stock's done over ten weeks. 40 bucks in essentially that

morgan brennan spoke with the ceo earlier and joins us with the highlights of the day. >> that's rightso ceo and chairman culp is calling 2019 a reset year. catch is one of the keys here and ge's expecting industrial free cash flow flat to down $2 billion in 2019 before returning to positive territory in 2020 and then accelerating in 2021. power continues to be the biggest pain point for the company. and when i did speak to culp today he said we will have a greater level of negative cash flow in that business this year. that will be worse this year and from there will get significantly better in 2020 and we expect positive free cash flow in 2021 now, in terms of the other businesses, ge expects health care and renewables under pressure this year also, that free cash flow in aviation growth expected to be flat year on year as they ramp production of the leap engine. on ge capital. another area of trouble. that financial arm will require about $4 billion this year we knew that but the company also saying it may still need more cash next year to fund the insurance portfolio but that it wi

carl quintanilla with morgan brennan and jon fortt. the major averages

now let's send it over to morgan brennan with a look at what's coming up in the next hour on "squawk d morning, morgan. >> hey, sara, a tidal wave of funding continues to pour into the startup space. two ways we're going to tackle this today the first, that big wide-ranging interview with softbank masa son by david faber the second, it is international women's day, and we're going to talk about where all of those dollars have been flowing or perhaps more accurately not flowing. we're going to dig into the eye-popping data around the vc p we have an all-star panel who are looking to close that. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. >>> more new yorkers are considering a move to florida not just for sunshine but for taxes and are facing a roadblock. state tax collectors robert frank has a story on the arms race between state auditors and wealthy new yorkers headed for the exits. >> reporter: new york state audits 3,000 people a year

i am jon fortt morgan brennan and sara eisen live from the floor of the new york stock exchange. this morning with amazon shares up 2% as evercore raises a price target on the stock, citing gross profit as a more important metric than revenue, taking it under $2,000 a share meantime, amazon's announcement of the new grocery venture sending names like kroger and walmart lower last week. this as "new york times" publishes a profile of amazon's chief executive, how jeff bezos went t

morgan brennan, by the way, is there and will join usatisor ler th mning "squawk on the street" willwakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. >>> good morning, everyone i'm sue herera here's your cnbc news update at this hour. north korean leader kim jong-un was welcomed to the vietnamese presidential palace by vietnam's president. it is his first appearance since his failed summit with president trump. kim inspecting honor guards during a welcoming ceremony inside the palace grounds. >>> saudi arabia has revoked the citizenship of osama bin laden's son hamza bin laden, this after the u.s. offered a $is million reward for help in tracking him down the state department announcement says hamza bin laden has emerged as a leader of the al qaeda terrorist

morgan: there are some responsible journalists. abc, terry moran, he said these people who came forward and said these things like brennan and the listes as intelligence officials having accused the president of treason. he said i'm going to push back against those people and demand more evidence. i hope more people follow this honest reporter and don't just take whatever the democrats -- adam schiff and all these guys hide behind the cloak of having some kind of value and intelligence that the rest of us don't have. it turned out to be a lie. >> greg: disgraced celebrity lawyer michael avenatti is adamant he'll be exonerated. what makes him so sure? that's next. maria ramirez? hi. maria ramirez! mom! maria! maria ramirez... mcdonald's is committing 150 million dollars in tuition assistance, education, and career advising programs... prof: maria ramirez mom and dad: maria ramirez!!! to help more employees achieve their dreams. i swibecause they let metual, customize my insurance. mom and dad: maria ramirez!!! and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so

i am carly fiorina with morgan brennan at post 9 of the new york stock exchange. fortt has the morning off. obviously markets are extending losses today, trying to shave some from session lows all on pace for the worst week of the year. latest jobs numbers shows 20,000 jobs were added in february, worst for job creation since september of '17 larry kudlow joined us this morning. here's his take. >> we are the source of stimulus we're the hottest economy in the world, and we are despite this number, we are on a roll and i'm going to say the outlook for the american economy is still 3% growth plus. >> joining us, lindsey pee et is a and equity strategist and chief investment officer michael wilson good morning, good to see you. >> thanks for having me. >> kudlow calls it a fluky number, pay no attention to it is his words is that your stance? can we look at the three month average of 180 and change? >> i think it was a disappointing number on a nominal basis and relative to expectations we have to look at it in the context of last month which was an outsized above 3

i am carly fiorina with morgan brennan and jon fortt.lso joining us, business insider foundation capital general partner paul who wiholl. nasdaq is coming off the first three day loss of the year on pace to snap what was a ten week win streak. faang is still well off highs, despite a modest rally to start the year obviously, guys, this is an interesting dynamic. i mean, the bounces need to be digested at some point is that what this is about >> we shall see. the argument continues, is this a bear market rally or couple months of panic and now off to the races and bull market continues. my view is probably a bear market >> a bear market >> yes i think all things have come together, ten years valuations are extreme across everything, not so much in tech but across the market in general, you have the interest rate issue, the tax cut crack hit wearing off. i think a lot of things coming together, people revaluing. >> paul, what do you think is going on with smaller tech stocks, like stitch fix, took a big hit after the last earnings report,