let's welcome the new chairman of the business roundtable, randall stevenson.e jest penned a fabulous "wall street journal" opinion piece called a business short list for growth. welcome to "the kudlow report." i loved reading your piece. i hereby nominate you for president of these united states, and one reason for that is your growth, but also you've never closed down any lanes on the george washington bridge, which is a second very important point. here's the delicate part. unfortunate a lot of great ideas, unfortunately president obama is focusing on inequality, focusing on the minimum wage on extending unemployment ben. your at logger heads with the president. what do you do? >> i wouldn't say i'm at loggerheads with the president, larry. as i make the rounds in washington, there are a lot of competing ideas about what we need to do to get the economy growing, but i will tell you it come down to one basket simple equation, and that is if corporate american is not investing, they're not hiring, not growing. it's not a coincident that private invest as a gdp

this is after the ceo randall stevenson reportedly met with the eu telecom chief in davos.ing at&t said it was making its intentions pretty clear following a request from the country's takeover panel. the statement from the london stock exchange rules the u.s. company out from buying vodafone for the next six months. shares of vodafone are up 30% but today they are down 2%. >>> there has been a deal in the u.k. google snapped up artificial intelligence company deep mind technologies making it the biggest european acquisition to date. according to tech site recode, a partner of cnbc, the deal is valued at $400 million. the british start-up was founded in london back in 2012, not that long ago. it uses general purpose learning algorithms for ecommerce and games. google is becoming increasingly focused on artificial intelligence and machine learning. what do you make of this deal? >> this deal makes google sense. so i can't imagine -- any other company, it is really hard to fathom you would spend $500 million or $400 million, but when you step back and think about google, i me

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davos is all about connectivity and the opening session ability connectivity john chambers, randal stevenson got up and said it was all about the internet of things. and internet of things is kind of connectivity devices, google glasses, this device, the sensors in your car, it could be the google nest product that they just brought. that's the internet of things. today they say there's going to be -- there are 10 billion of those internet of things out there and that number will grow to 50 billion by 2020. what was more interesting to me is today prime minister benjamin netanyahu referred to israel as an internet of things in terms of their overall connectivity. this internet of things concept is really getting some very, very broad appeal. >> and you think that google is at the forefront just because they're ultimately going to, for a lack of a better word, own the better part of your life. i mean, the way you drive, the way you live in your home because of the nest deal. >> there's a lot of winners here. there's the infrastructure guys, the ericksons, the nokias, the ciscos, the junipers

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of course, great speculation, given the comments that we have watched from at&t ceo randall stevensonmpany is interested in acquisitions in europe, he continues to meet with regulators there, trying to get a lay of the land, trying to understand whether the concerns about the nsa, wiretapping, for example, will hurt any for ray that at&t might make. but again, news not taken out too badly on vodafone. thoughts being, it doesn't mean it's not coming, it may not come immediately when they conclude the verizon wireless transaction. for his part, steffanson can feel pretty good, out there getting his shareholder base accustomed to the idea he may do something in europe, and it may be large. and the stock has held up fairly well since then. you know, we know he's a believer in europe. >> such a great move for him. >> oh my. >> you think so. >> others wonder, why would you want to get involved? whether it's vodafone or another property, why would you want to do that? >> 700 million people right now, down on their luck. i think that you could -- we talk about china being 1.3. we've got 700 m