later rick perry is our special guest.e will talk trade policy, energy sector d anso much more "squawk" returns right after this short break what's a gig of data? well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages. a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today. >>> all right, well cool back to "squawk box," everybody. we have been watching the futures this morning we heard from walgreens alliance, the newest member of the dow. we are watching what that meant for earnings first that stock was up 1.8% we seen the gains fall back. the futures picked up substantially before we were up 122 points. now are you looking at the dow up by 48 points, the nasdaq up by 18. we'll take a look at walgreens and see where that is trading right now. i believe it looks like it is tradin

he just spoke to rick perry. brian. >> yeah, we did. that's why i wanted to bomb back in on your show. thank you very much. here's the thing department of energy secretary rick perry coming out of a meeting, racing into another meeting, gave cnbc a couple minutes. i asked him about the iran sanctions, the news u.s. is going to push our allies to buy zero oil from iran he said he wouldn't comment directly on that that's coming from the state department he's the energy department however, what he did say is he believes the saudis may be able to produce more oil than perhaps the market thought coming out of the opec meeting there were headlines rick perry was unhappy with opec. he said i wasn't unhappy with opec basically, i think the saudis can maybe produce more or will produce more oil than the market expects. remember, guys, the opec meeting, they didn't come out and say x number of barrels. they said a percentage of their expected cut so perry was confident, basically, that the saudis, if there is a gap in the market, would be able to

want credit for it because his boss is a big coal guy. >> we did reach out to energy secretary rick perry'sotes r promoting wind it as energy pressure, but he is under pressure to do something to save traditional sources, especially coal. >> like that mayor ross. he said things are changing, we need to change with the times. what's the difference between the public debate and what's changing. >> it's about coal jobs and that's where president trump is driving it but there are only so many jobs and only so much going on. natural gas is much bigger. renewables are still a relatively small percentage but they're getting up there. >> thank you. i like that mayor ross. >>> james corden took paul mccartney out for carpool karaoke in ng up, how their pere turned up as a surprise for lucky fans. we'll be right back. >>> ahead, new evidence that drinking lots of coffee can help crews are investigating after a vacant building went up in flames in san jose. good morning. crews are investigating after a vacant building went up in flames in san jose. they say the two alarm fire broke out last night. fir

it wasn't enough energy secretary rick perry told us that he thought that the saudis could and mightump more oil. a chance that we get to that million not gross million but a net new million? >> i think there is. the saudi energy minister came out on friday and again on satu to emphasize that 1 million figure at the end of the day, regardless of what the iranians are saying, any else is saying, the production increases might be less than that. if the countries with the biggest capacities if they're coming out 1 million barrels a day you should count on that remember what mr. fowler saion saturday, stick within the limits of the current production demand what's more important is supplying the markets. this was a indicator to president trump we're here to support the market >> see you soon. thank you. >> thanks very much. >>> all right, let's get some of this morning's big money stories. contessa brewer here with those. >>> your individual stock stories right now including sonic, the fast-food drive-through chain better third-quarter earnings but same-store sales decline you can see he

the president's comment that he doesn't need to prepare for the summit, i asked energy secretary rick perrygency preparing. take a listen. >> the framework is in place? >> there has been planning going on for this for some time. >> framework is in place? >> the department of energy will play an integral role. they are the lead agency. if we're successful, as we hope the president is to allow for the denuclearization of the peninsula, the department of energy will play a significant role. >> so the framework is in place? >> the have been being worked on for weeks. >> all right. you see there he didn't directly answer whether a framework exists. two former officials say at this point a framework of all the technical information that the u.s. needs from north korea, like information about their nuclear reactors, should exist. it's unclear if perry was playing coy or there is no framework in place just yet. he told me in doing that interview he wasn't quite sure what the president was going to be presenting in that meeting. it is important to note he is a member of the national security council

it happened under energy secretary rick perry, who was governor then. >> we can deliver power to san, dallas, houston, you name it. >> where the people are. >> yep. >> reporter: including the city that uses almost entirely renewable power. it is 501ilm mro f turbines are, down to georgetown, texas where the power is going top we've been driving all afternoon through the permian basin in the center of texas, and all along the way we've been passing oil pump jacks from an older economy and wind turbines from a new economy. when we arrived in georgetown, people told us coal plants kept the lights on for we have all this history but also we're one of the leading cities when it comes to innovation in the country. >> reporter: t mayor daleosshenepclubudliedcan market was changing. >> were you always a republican? >> always a republican. >> you grew up in a republican family? >> i did. >> who's your favorite president? >> president reagan. >> reporter: unlike many republicans ross accepts climate science. he supports clean power so much he bought an electric motorcycle. but ross says he app

liz: stay on that for a second because nicole wallace said that trump is going to send rick perry to to build nukes? >> that's right. my rnc colleagues and i actually heard her say this live and we were like was that actually just said on the airwaves he's going to send someone to build more nukes when in fact he's signing the document to get rid of the nukes entirely? that kind of commentary drives people to the republicans. liz: great to see you thank you for coming in great insights there good to see you. okay we have this story for you trump's advisor peter navarro apologizing for saying canada's prime minister deserves a special place in hell. this as president trump breaks down what really happened behind closed doors at that g7 summit and what trudeau is really saying. we're bringing in former oversight committee chair jason chaffetz to react after this. >> there's a special place in hell for any foreign leader that engages in bad faith diplomacy with president donald trump and then tries to stab him in the back on the way out the door and that's what bad faith justin trudeau

rick perry is talking about trying to curtail the closing of certain coal and nuclear plants in this country. again, the president campaigned on the idea of supporting some coal jobs. we've seen decline in coal jobs for ery long time in america. it's just not really a big, growing economy of ours. does it concern you, as a free market guy, that the government's getting involved in how we determine our portfolio of energy? the government is using the same rationale, and that is that it's a national security concern, to make sure there's enough coal production. >> well, you agree, right, that grid security is a national security concern. >> yes. >> and the other thing you'll large subsidies for renewable energy generation, like wind and solar. the problem with wind and solar is that it gives you lots of energy when the wind is blowing or the sun is shining, and other times, it doesn't. the problem is we've moved increasingly towards these more variable ways to generate power, the kind of steady stuff that you need to make sure you have a grid might be threatened by that. because you've

rick perry as we saw in the tease, rick perry wanted to eliminate two, maybe three.rd one is the one he is in charge of now, right? energy. >> it's true. he is sorry he wanted to abolish his job. >> martha: chris, what do you think? >> first, i want to know is a hot dog a sandwich? >> martha: no. >> if they could get to the bottom of this if the hot dog is a sandwich, they would do a great service. hot dog is obviously a sandwich. do you remember when al gore was going to reinvent government. guy doesn't but maybe somebody remembers. >> martha: i remember. >> al gore was going to reinvent government. usually in the administration this is fluff and busy work. i'll quote our friend charles krauthammer when asked about the middle east peace not process he said the same thing. wake me when peace breaks out. so wake me when government is reinvented. >> martha: maybe so. but i have to say, you know, i live up here in new york. every time i come to washington, and i go around the blocks i still can't believe that the department of agriculture is an entire city block. there

education betsy divide us you've got secretary of state mike pompei oh and you've got energy secretary rick perry all of them have sat down with pastor ralph to learn about the good book many americans are horrified that evangelical ministers are influencing policy and even giving classes in the white house they think why are these religious kooks influencing the fate of the free world but there are americans who feel the opposite that's the problem with this country you people have allowed religion to become a part of political policy. your religion i don't care what it is has no business being in government it's his prerogative right as his own religion right is a freedom of religion that's what the country is old based upon right freedom so the president is states he has his rights as well believe in separation of church and state i believe religion should be kept separate from politics having other presidents done that in the past two i mean if they're religious then they're allowed to do that as long as it's not interfering with. actual governing trump did come forward and put a stop to the

energy secretary rick perry spoke at the event and highlighted america's gas boom. >> we will set a record this year for dry natural gas production with an average of 81.2 billion cubic feet per day. and we' break tha record next year. >> reporter: we're now producing so much gas that america is now exporter for the first time ever. the international energy agency believes that liquified natural gas from the u.s. willurge om 4% global market share now to more than 20% in just five years. >>e next five years about 45%, almost half of the global gas produesion growth c from the united states. >> reporter: that's good news for companies likeominion resources w echort american liquified gas around the world but it could also puts on collision course with russia which is building a new $12 billion pipeline to double natural gas capacity to europe. that might explain why they're cat theference and expected to meet with secretary perry. both the united states and asia as their big markets. >> they'll have to learn to play nicely in the same global gas sand box or risk sparking another fight on th

rick perry and i have crossed swords of the past. people were grumbling about it.governor perry wishes he could be here. he's back at the high school praying again. the have of the book festival called me and said the governor's office is demanding an apology. they will not allow the capital to be used in future book festivals. have a long plan. we have a ceremony. when you are accepted into the cemetery they list you in parenthesis is pending. all of these other celebrities that were around texas and then he comes to me. as much as i loo forward to it myself. my application was rejected. it went around. when i told people i was interviewing you. i've called the last couple weeks the larry palouse a. in writing for the new yorker in the looming tower has been on julio. as a young writer and have a trading in this. for me i have to research everything to death. if i had trouble writing it's usually because i don't know enough. then i forget everything. i have to start using note cards can i borrow your legal pad a minute. there is this little margin over here so i w

of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security and we've just said the basics of life and one of them of course you need energy you need heating our air conditioning or the lights on in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddies coal provision well this is a great example of how capitalism a should and should not be played right so in capitalism is what are the losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of. jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators are losers they knew people who are going to jobs are losers the people who are now in student debt are los

the president ordered energy secretary rick perry to "prepare immediate steps" to stop the often unprofitable pnts from shutting down. proposals include ordering power-grid operators to buy electricity from coal and nuclear plants even thoh natural gas and alternative energy sources are considered cleaner environmental options. bloomberg reporter jennifer dlouhy obtained an internal memo outlining these controversial proposals, and she joins us now from wasn,hing.c. first, what is the administration trying to do? >> well, i mean, they're essentially looking at an extraordinary intervention in the power markets to t to sav these coal and nuclear power plants that are struggling to make money in the ce of competition from cheap natural gas. and they've dusted off the law books and settlednessentially o two pretty obscure statutes to try to do this, to orderrid operators to buy power from these at-risk plants, these plants at risk of closure, and to set up a national electric production reserve to help in time ofergency. >> sreenivasan: so is the rationale then that this is a national security i

education betsy divide us you've got secretary of state mike pompei ill and you've got energy secretary rick perry all of them have sat down with pastor ralph to learn about the good book many americans are horrified that evangelical ministers are influencing policy and even giving classes in the white house they think why are these religious kooks influencing the fate of the free world but there are americans who feel the opposite that's the problem with this country you people have allowed religion to become a part of political policies your religion i don't care what it is has no business being in government it says broad get it right is own religion right is a freedom of religion that's what the country is old based upon right freedom so the president is c.c.s. his rights as well believe in separation of church and state i believe religion should be kept separate from politics having other presidents done that in the past two i mean if they're religious then they're allowed to do that as long as it's not interfering with actual governing trump did come forward and put a stop to the controversi

education betsy divide us you've got secretary of state mike pompei oh and you've got energy secretary rick perry all of them have sat down with pastor ralph to learn about the good book many americans are horrified that evangelical ministers are influencing policy and even giving classes in the white house they think why are these religious kooks influencing the fate of the free world but there are americans who feel the opposite that's the problem with this country you people have allowed religion to become a part of political policy. your religion i don't care what it is has no business being in government it says broad get it right is the religion right was a freedom of religion that's what the country is old based upon right freedoms the president is things he has his rights as well believe in separation of church and state i believe religion should be kept separate from politics haven't other presidents done that in the past too i mean if they are religious then they are allowed to do that as long as it's not interfering with actual governing trump did come forward and put a stop to the con

of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security so we've just said the basics of life and one of them of course you need energy you need heating or air conditioning or the lights. and in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism a should and should not be played right so in capitalism is what are the losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators or losers the new people who are going to jobs are losers the people who are now in student debt are los

of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster strong. when coal fired a nuclear power plants to keep them open calling it a matter of national economic security that we just had the basics of life and one of them of course you need energy you need heating or air conditioning or the lights on in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism is should and should not be played right so in capitalism this one is a losers now in this version of capitalism the winners are the legacy coal industry that are going to keep their jobs despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators or losers the new people who are going to get jobs are losers the people who are now in student debt are lo

right so last week donald trump issued a directive to his energy secretary former texas governor rick perry to explore all options to force consumers and taxpayers to bail out an economic nucular and coal fired power. clients this is an asinine proposal that could cost hundreds of billions of dollars and it's going completely against what we're seeing in the marketplace what we're seeing in the marketplace right now is huge deployment of renewables because increasingly they are the least cost option in power markets and so what you're seeing now is some politically connected companies like first energy like murray energy and some nucular companies like exxon are using their connections to the trumpet ministration to turn back what we're seeing in the marketplace and force massive government intervention you know i don't know it's crazy but i can imagine a critic saying well wait a minute barr you like when some subsidies might support renewable sorts of fuels like like ethanol except which are essentially subsidies to corn producers corn farmers so what's the deal the president decides he l

right so last week donald trump issued a directive to his energy secretary former texas governor rick perry to explore all options to force consumers and taxpayers to bail out an economic nucular and coal fired power. wants this is an asinine proposal that could cost hundreds of billions of dollars and it's going completely against what we're seeing in the marketplace what we're seeing in the marketplace right now is huge deployment of renewables because increasingly they are the least cost option in power markets and so what you're seeing now is some politically connected companies like first energy like murray energy and some nucular companies like exxon are using their connections in the trumpet ministration to turn back what we're seeing in the marketplace and force massive government intervention you know i don't know it's crazy but i can imagine a critic saying well wait a minute barr you like when some subsidies might support renewable sorts of fuels like like ethanol or which are essentially subsidies to corn producers corn farmers so what's the deal the president decides he likes c

this work would not be possible without theupport of secretary rick perry. his vision as government tort of the state of texas was critical in making this facility possible. the innovative team of rezeners across tech enables the eleric grid of the future. over the next 4 years a minimum of 8 million in energy grid resiliency to enable sustainable and diverse energy economy. we are confident this investment will help the nation obtain its goals in alternative energy utilization in a 21st century grid. i am proud to show our vision for the future and serving as a resource for this subcommittee. thank you for this invitation and go tech. >> i will leave that alone. so we are going to recess and we will reconvene immediately following the last.

of national and economic security so president donald trump last week directed energy secretary rick perry to take immediate steps to bolster struggling coal fired a nuclear power plants to keep them open calling it a matter of national economic security so we've just said the basics of life and one of them of course you need energy you need heating or air conditioning or the lights on in your house and now because it costs more to provide electricity through coal or nuclear power then wind or solar or gas well now he's going to force us to take his buddy's coal provision well this is a great example of how capitalism a should and should not be played right so in capitalism is what are the losers now in this version of capitalism the winners are the legacy coal industry they're going to keep their jobs. despite the fact that there is solar energy that would create millions of new jobs and transform america into a legacy away from fossil fuels but those are the losers so the innovators or losers the new people who are going to get jobs are losers the people who are now in student debt are l

rick perry. rick -- i thought y we going to the v.a. but we have great people at the v.a. so now we don't have to worrybout the v.a. i always thought -- i put him in the v.a. and you would have done great there too. you're doing a fantastic job at energy. we're the largest in the world at energy, rick. the largest in the world. we're now exporting energy for the first time. never did it. now we're exporting energy. we have become the largest energy producer in the world. who would have thought? we've opened it up and let our people and do their thing. ngecre of t a great job. peter rourke. the combination of you and wille unbeatable combination. thanks for your help. i'm hearing onlyood th secretarynielsen, what do i say about you? you a doing great. the border is coming along and the wall isng h $1.6 billion being spend on phase one of the wall. eek that goes by, people ing and realize more and more we have to have the wall. general john kellys someplace. general, good, general. great job, john. administrator scott pruitt, thank you. epa is doing really well. you know, so

supreme court, it will be a big show >> in addition to that topic and so much more, energy secretary rick perryl be joining us. right after that, we have the agricultural secretary sonny purdue, we had secretary mnuchin yesterday. we are going around the horn the ceo of snap-on tools will also join us and then debate the big fight over 21st century fox's assets, where comcast may stand or not in terms of coming back now with a bid relative to disney also we'll talk about -- have you been to the hard rock casino >> i have not. >> any of them >> no. but i did have the t-shirt when i was 16 if you didn't have the shirt you were the most uncool -- you had to have one of them. >> we have the ceo of the parent company of the hard rock hotels will be coming on talking about the hard rock being built in atlantic city. that will be a fun topic >> i heard that's a hot spot in vegas. i'm too old, alabaster to be out there. >> i think you'd like it. >> we'll check it out. >>> some big individual stock stories this thursday include msg. the company planning to explore spinning off its sports business from i

the same with rick perry. the same with mulvaney, destroying everything for consumer protection. the trump administration has an agenda, and it's to tear down protections. it is to destroy regulations, it's to tear down the federal government and the people he's assigned to do it are doing it. we're laughing and looking at the side show while they're continuing on their agenda. that hasn't changed. there is a bit of madness but a bit of brilliance in how you do that. >> while we're laughing, just to be clear, the lotion is one part of this ridiculously long list. >> i think we can do both. >> you can laugh and look. >> we can laugh and look. i haven't seen demands like this since mariah carey's greenroom. it is similar to the kind of water he wants, the lunch he wants, where he wants to eat, the thread count, the kind of mattress. i was thinking what is this reminding me of? oh, yes, the leaked reports of mariah carey's greenroom. >> you rarely see a politician who has -- remember, they've been there for 16 months. that is not four years worth. that is 16 months. %-p member so ov

. >> reporter: president trump boasts about energy milestones and praises rick perry at the recent meetinghurricane preparedness. >> taking credit for these energy milestones that have been expected or in some cas already happened and in the process misstating the facts on what exactly the milestones are. >> we're now exporting energy for the first time, never did it. we're exporting energy but we have become the largest energy plower in the world. who would have ghactually talking about the u.s. becoming the number one crude oil producer at some point this year. the international energy agency says that is expected to happen 2012, they predicted that in 2012 that we would become the number one crude oil producer by 2017. it's not anything new. >> exporting energy for the first time ever? >> that's wrong. >> we're not a net energy exporter. >> white house says the president said energy but wasab. >> we were a net exporter of natural gas last year for first time since 1957. but that too had been expected for many years. >> the u.s. is not expected to become a net energy exporter until 2022.

nvidia's ceo, ibm's ceo, and energy secretary rick perry. >>> plus, where's the money heading? report shows the one sector of the economy that is seeing the biggest inflows on record so far this year. should you follow or run the atndorahd th a me eaon "power lunch. find the remote yet? nah. honey look, your old portable cd player. my high school rethainer. oh don't... it's early 90s sitcom star dave coulier... cut...it...out! [laughing] what year is it? as long as stuff gets lost in the couch, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back to "power lunch. here's a look at some of the business headlines at this hour. starbucks raising prices between 10 and 20 cents on all sizes of coffee in the majority of its stores the company has raised by 1% to 2% in the past year. >>> dennis rodman says he will travel to singapore next week during the north korea summit. the former basketball player has visited north korea in the past, says he will be providing moral support for the president. >>> and ac

brian sullivan just spoke with energy secretary rick perry. >> reporter: yeah, melissa, thank you very i mean, i guess sometimes you get lucky. coming off the opec meeting down here in austria, by the way, for the first time, this gas conference is in america in more than 30 years, goes to show our growing dominance in lng but let's focus on the other hydrocarbon, oil to your point, some big headlines crossing earlier today that apparently the trump administration would like all of our allies to stop buying iranian oil. obviously, part of the sanctions to punish that country well, energy secretary rick perry was here indeed and and we got a few moments with him as he was going literally from one meeting to another and he said he won't comment on the iran news but he said he did believe if there was any kind of hole in the market, remember iran exports about $50 billion worth of crude oil a year, about 2.6 million barrels per day coming out of of iran to their trading partners and if that comes off the market and there's a gap, he was confident that the u.s. and maybe saudi arabia or ot

now something that builds up the drama and reports out of the energy secretary rick perry and alexanderlan to meet on tuesday, presumably to talk about oil prices, presumably to talk about the deal today where they're going to increase production, but not as much as earlier thought, that's lifting oil prices here another three bucks a barrel. 4.6%, but they've been jostling around the same area, hasn't affected gas prices, that could happen, little evidence of that. a couple weeks' drag here. >>> we're looking at tech stock, most are down today despite the dow's advance, they've had an incredible week what to make of that with deirdre bolton, connell mcshane. deirdre, what's going on her? >> i think the bigger tech names, larger cap, alphabet, google, facebook, amazon, netflix, worries about trade issues between the u.s. and china, and if you look at the tech sector at the big caps versus the chip stocks, you will see the chip stocks, intel and others and intel had specific company news yesterday but they've been taking it tough or the chin, whereas these bigger ones, facebook, amazon,

rick perry and alexander novak opec deals pushed oil prices to their best day since november of 2016rgy names swinging to the upside devin energy and hess. those names are all among the best performers in the s&p 500 finally, take a look at shares of marathon oil. on pace for its best day since march of last year guys >> jackie, thank you oil the commodity is rallying following opec's deal to raise outpet we are live in vienna. >> melissa lee, if you could make sense of it maybe we should get together and talk about it it was a weird day all around pt it started with a rugby scrum in stare well with 260 journalises jockeying for position and ended with an opec increase, not an increase at all but rather the cut of a cut in custom the market was disappointed. if you followed all that, you are better than i am opec had a cut of 1.2 million barrels per day. everybody was overcutting. overcompliance it was 1.8 to 1.2 billion barrels taken off the market with the opec nations and russia and others that participated in the deal what they announced today is effectively a reduction of the re

rick perry wanted to get rid of three agencies, one of which he now runs. i think democrats are going through this. >> there's a moral component to this and a legal component to this and polls show that the majority of americans think president trump has handled the family separation issue poorly, although they think he's handled it. democrats risk getting out in front of this issue. i.c.e. and border patrol are interdicting people at the border. how you treat those people is a little furtherer upstream. when the issue is as you said this is a cruel policy and not giving people due process when they make asylum claims, democrats are winning. when it's abolish ice and allowing the president, even if it's wrong or an exaggeration to say democrats are vilifying law enforcement -- >> but when you're running for president where they just nominated democratic socialists and you want to run for senate, this makes a lot more sense than an individual than it might for a democratic party. >> i think that's right. >> when you have the issue where first lady melania vi