sara eisen in washington.another cnbc first treasury secretary sat down with our own becky quick this morning as you may know. stressed need for tax reform by august. take a listen. >> our economic agenda, the number one issue is growth and the first most important thing that will impact growth is a tax plan. so we are committed to pass tax reform. it will be very significant. it's going to be focus on middle income tax cuts, simplification and making the business tax competitive with the rest of the world. which has been a big problem and a lot of reason why companies are leaving and cash is sitting offshore. so that's really our focus. we want to get this done by the august recess. we've been working closely with the leadership and the house and the senate, and we're working on a combined plan. >> joining us this morning, pam olson is u.s. deputy tax leader at pst, michael chief u.s. economist at j.p. morgan. good morning to you both. >> good morning. >> pam, let's start with that timing. this suggestion tha

i'm sara eisen. >> i'm wilfred frost.he question is can we make it home again? we shall see. it's throwback thursday. >> "worldwide exchange" all day then. >> fine by my. not sure by the viewers. this throwback thursday, throwing it back with love songs ahead of valentine's day. i don't know this one. >> this is like oldie, classic oldies. >> lots more love songs to come. >> let's check in on world markets. this morning u.s. futures after a minor selloff on wall street yesterday, a mixed picture for stocks. dow futures up 2.5 points. s&p is flat. same with nasdaq futures. the action was in the bond market yesterday, ten-week yield slipped to multi week lows. there's been some buying in remember treasuries. seeing the caution in the bond market. it's brought the ten-year yield down below 2.40. we're at 2.59 on the ten-year. >> only a minor selloff. the story really was the resilience of the equity market in the face of -- >> big bond buying. >> did hurt some sectors. the banks down 1%, given their strong correlations to wh

i'm sara eisen. >> i'm wilfred frost.ood morning to you from me. it's throwback thursday. we're throwing it back with a super bowl theme between some of the best half time show performances in history. >> have you ever seen a half time show? >> i have. >> on tv. >> do you watch the super bowl in the uk? >> people do but you have to stay up late to watch it. >> it's the highlighted of the game for non-football fans. first the half time show, then the ads. >> which also trend widely. >> i have seen some of them, but not all of them. >> you will tell me which ones? >> coming up. i don't remember a lot of them. beyonce was a highlighted. gaga this year. >> congratulations to beyonce. >> yes. >> pregnant with twins. >> we'll lead with that instead of the markets. >> nice to mention it. we will move on to the markets because i don't have much else to say other than warm congratulations. let's check in on the markets. they are lower. 72 points on the dow. the s&p down by 8 points. nasdaq down by 23 points. we did see fractional

welcome to "worldwide exchange" on cnbc, i'm sara eisen. >> i'm wilfred frost.d morning to you from me as well. a pinch and a punch, first day of the month. do you remember that one? >> no. >> first day of the month. >> is that a british thing? a pinch and a punch? >> for the first day of the month. let's check in on markets. we did see gains across the board for these three indices for the month of january. albeit we ended down about 0.6% for the dow. the nasdaq and the s&p basically flat for the day. as i said, gains for january. there they are. the nasdaq the best performer, up 4.3%. the dow up 0.5. back to the futures today, we are expecting a positive open. gains around the rest of the world as well. 38 points higher for the dow. s&p 500 higher by 5, nasdaq higher 2.5. yesterday we saw a broad risk-off day. the ten-year trefasury note slipped down to 2.44. the yield on the ten-year, 2.4 %. >> one factor that could be helping the dow, it's our top corporate story, apple. shares of the tech giant are rising on the back of the strong earnings report. profits a

i'm sara eisen. >> i'm wilfred frost. >> let's check in on global markets.cks sold off yesterday, just barely. the dow closed down less than 20 points. things are looking up. dow futures up 26 1/2. we lost a few points in the last half hour. s&p 500 futures up 2. nasdaq futures up 2. as for the early action in europe it does appear to be positive after a few down sessions. the german dax is up 0 pn.3%. the outperformer in the region, ftse mib in italy just turned positive after being in the red. as for the overnight action in asia, they followed wall street lower. the nikkei closing down 0.3%. it's going the other way this morning. hong kong and shanghai also closing lower. got that $3 trillion below $3 trillion fx reserves number in china. not a lot of hand wringing about that number. it is a round number. it's a trend worth watching. it's an indication of how much china has been stepping in to defend their currency or stop it from falling lately. it's actually less than what we've seen in the past few quarters. >> over the last year, it's elevated but some

i'm sara eisen in washington today. >> i'm wilfred frost back at cnbc headquarters. morning to you all from me as well. particularly to you, sara. >> and to you. we'll be back together in no time. >> let's check in on the global market action. split results yesterday. a slight gain for the dow, very slight losses for the s&p and the nasdaq. it was a reversal of some of the more recent trends. we saw the bond proxies underperform. utilities the best sector. they outperformed having underperformed recently. energy which had fallen a couple sessions in the row -- sorry, had risen. energy was the worst performing sector, down 1.6%. this morning we are expected to bounce back. the dow called higher by 25 points, s&p by a couple points, nasdaq by 1.5 points. bond markets slipped in terms of yield yesterday. we saw the treasury minutes which did seem to suggest a hike was coming fairly soon. investors took that as meaning may as opposed to march. at 2.40. >> as for the overnight action in asia, south korea's central bank kept rates unchanged. that was expected. hang seng an

i'm sara eisen along with mike santoli.re playing music from some of the winners at last night's grammy awards. mike stayed up all night. >> i stayed up for more than half of it. >> while beyonce gets the front page in most papers, you give it to bruno mars. >> for the night's performance. yes, i thought he had a much more energizing feeling. >> some political hints in the music. >> definitely there. >>> let's check on the global markets this morning. we are seeing strength around the world for stocks. u.s. equity futures are included. we're coming up after the record highs on friday. here we go again. dow futures up 44 points. nasdaq futures are up nearly six points. more earnings, lots of data. janet yellen, two days of testimony this week. following wall street's rally on friday. the german dax is up a little more than 0.5%. france is on fire up 0.75%. ftse up 0.1%. and italy up 0.6%. italian yields, by the way, have been ticking higher. political uncertainty in that party as well. they don't have an election but they ha

i'm sara eisen. >> happy friday. good morning to you from me as well. i'm wilfred frost.t's new music friday. we're kicking off with some brand-new katy perry. would you guess that's katie merry? katy perry. got to see her once. >> you did? >> dow is up almost 50 points this morning. s&p up 3. nasdaq up 11 after a solid rally on wall street yesterday. as for the ten-year treasury note yield back to selling off with higher yields. we've seen that over the past session. springing back from what was a multi week low we saw earlier in the week. back above 2.41 on the ten-year. the catalyst was president trump telling the airline executives that the phenomenal tax plan is coming within the next couple of weeks. that's all the bulls needed to hear. >> trump with that tax announcement added fuel to the fire. we had seen yield change direction in yesterday morning's trade and with it equities rebounded. it refueled the trump trade. yields had already started to move that direction. either way, we are ending the week with yields low. closed last friday at 2.49. off the lows of 2.3

i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well.appy pancake day. >> happy pancake day. fat tuesday. i didn't know it was pancake day. >> fat tuesday, that is an unflattering name. >> getting rid of all the food --. and you eat pancakes. >> we eat pancakes. they actually made a pancake at the end of "street signs." >> i like them with chocolate chips. >> you guys just eat food? all food? >> our slender floor manager said every tuesday is fat tuesday for me. >> either way, we just eat. i want pancakes. >> we have to check in on the global markets. we did notch a 12th record close for the dow. wilfred is not impressed unless we get a 500 point rally, but either way this is the longest string of gains -- >> i am impressed. i am impressed. >> you said, eh, less than a percent. >> 0.04% we gained yesterday. >> doesn't take much. >> i need to offset -- >> it is incredible. >> it is. the dow is up almost 5% for the month. the nasdaq and s&p up 4%. that clearly is highlighting that this rally picked up again after december and january plate

sara eisen, cnbc business news. >>> want to show you what's going on with sterling/dollar.le not long ago. that was on the back of better than expected uk data. we saw uk industrial output rising more than expected in december. the trade deficit was narrower than forecast. that allayed fears of a slowdown as the brexit process keeps on going. sterling/dollar falling back below the crucial 1.25 handle and unchanged on the day. good news for the uk economy. let's have a look at european equity markets. the ftse 100 is in positive territory. the xetra dax is pushing up to the tune of 47.7 points. we had m&a stories to tell you about. reckitt benckiser buying mead for almost $17 billion. the cac 0 also being supported by some earnings news. kering not doing too badly. the ftse mib is weighed down by some bank earnings. >>> want to show you what u.s. futures are up to. we had a record day for the three major indices in yesterday's trading session. that was on the back of trump's promise for a major tax overhaul. the s&p 500, the dow jones, and the nasdaq all seen extending those

i'm sara eisen. >> i'm wilfred frost. good morning to you from me. it's new music friday.ur weekend with selena gomez's brand-new single called -- >> "it ain't me." >> there you go. that was good timing. let's check in on the global market action. this week has been framed with record highs almost every day. but yesterday that just paused with markets that were essentially flat, a couple of them declining. and it leads us for the week as a whole up 1.7% for the dow, up 1.3% for the s&p and nasdaq. worth remembering that we have seen financials really drag the performance higher. perhaps that flatters the record highs a bit. >> the dow continues to outperform. it closed higher which marks a sixth session in a row closing at record highs. >> to focus on a record high when it only gains 0.1% is misleading, i think. banks up 3.5% for the week as a whole making a big impact on the overall performance. that's so heavily linked to what yields are doing. it's easy to argue that banks are the real ones that benefit from those rising yields. clearly the resilience is out there with

for "nightly business report" i'm sara eisen. >> anthem's bid to buy rival cigna has been blocked. the takeover would reduce competition and harm consumers. following the decision shares of both companies were higher. >> reporter: a federal judge ruled against anthem's $54 billion merger with cigna saying in her decision that the deal would leave large national employers with less choice. judge amy jackson rejected anthem's argument that the combined firm could reduce cost and pass on $2 billion in savings because she says cigna's testimony in court contradicted anthem's claim. the hostility was so pronounced the judge called it, quote, the elephant in the courtroom. >> cigna and anthem and their conflict and she rightly so challenges the ability for the two companies to realize those efficiencies. >> reporter: anthem says it will move quickly to appeal the ruling. that if not overturned the consequences of the decision will hurt american consumers. and i trust attorneys give anthem low odds of winning the appeal. analyst says the move will help anthem in its next legal battle with

sara eisen. >> hi, welcome, everyone. and thank you to our distinguished panel and i'm very pleased and honored to be here to kick off this exciting day. and to introduce the council's clarion call which is great way to frame the day and the conversation and is going to be their mission that will be sent directly to president-elect donald trump. here to discuss what's going to go inside, sam, if you would, as the chairman, please kick it off as far as the key priorities that you would like to mention in this clarion call. >> well, i started off by saying that the president-elect probably won't like his report card, so there's a lot of fs and ds. not too many as on there. i think the important thing that we're trying to highlight in the clarion call, there is a way forward, that there -- when you look at where the economy has been and this is really about accelerating gdp growth and that gets down into two components. that is how many workers are participating and what's the productivity that we're deriving out of that? a

i'm sara eisen in for kelly let's take a look at how we're finishing up the day.dow, nasdaq and s&p are all unchanged. s&p did manage to close in positive territory. real estate, staples and utilities. the russell index of small cap stocks closed down the most at about 1/3 of a percent. earnings will be fast and furious this hour so buckle up. deed dre bosa, dominic chu will bring us results from chipotle. kayla taushi and meg tirrell will bring us the results from amgen. we have cnbc markets commentator mike santoli out in san diego. tiaa managing investments director stephanie link and founder and chairman, lewis navalier. as we wait for the amazon results, mike santoli, what stood out for you? financials and industrials outperformed. >> yeah, you know, the market, sarah, in a bit of suspended animation. we've seen a bit of a stallout and the drivers people assumed would work through 2017. bond yields refused to go higher. they're stuck where they are. therefore, you do have the more stable sectors. really big growth stocks, too, not just the very defensive stoc

i'm sara eisen in for kelly evans at the new york stock exchange. >> i'm bill griffeth. stocks are rallying. they're led by financials on the president's executive order of dodd-frank. senator corker of the banking committee and the foreign relations committee will talk to us. the roll back there and these new iran sanctions that were announced as well today and iran has already responded. so there's a little something going on there. let's get right to our full team coverage of the key drivers of today's market action. andrew ross sorkin is at the white house covering the president's ceo meeting. will fred frost is at post 9, and steve, jobs report liesman is at cnbc global headquarters with those jobs numbers. andrew, start us off here, bud. >> reporter: we are here on the north lawn where the ceos, the nation's top ceos came here to visit with the president. today it was an historic meeting to talk about taxes, trade, regulation, infrastructure and women in the workplace, which became an issue that ivanka trump has been supporting. it is a meeting we met with and talk

i'm sara eisen in for kelly evans. bill will join us in a moment. how we're a finishing up the day on wall street. in the green barely for the s&p. that actually breaks the losing streak. this is the first up day in the last five sessions. the dow closing higher by a little more than .1%. 25 points. apple adding 47 points of the rally to the dow. nasdaq, the outperformer thanks in large part to apple. up .5%. facebook closed up 2% ahead of the big results this hour. russell 2000 underperformed closing flat. busy hour for earnings. coming up, quarterly results from facebook. two insurance giants set to report. results from metlife and allstate. talking about the markets. joining us for more. michael santolli from the td ameritrade conference. we'll be joined on the set from dan hughes from divine capital along with john ford as we brace for tech earnings. mike santolli, what stood out to you? a big quarter for apple. moved the entire market. >> certainly moved the dow. i argued over the years that apple is not so much a bellwether for the overall mar

sara eisen, jon fortt and myself at post 9.his morning, zillow group ceo spencer rascoff, talking about earnings and a whole lot more on a day where we're seeing oil go positive. we'll see if equities follow suit. >>> first up, the president singling out another american business on twitter. this time, it's retailer nordstrom. our courtney reagan has the latest on that. happened minutes ago back at hq.

. >>> coming up on the show, our must reads, and don't miss sara eisen at the top consumer conferencewill be sitting down with the ceos of mondelez, tyson and conagra. first, a look at how european equities are trading at this hour. a mixed set of trade. german dax up just about 0.4%. upbeat pmi data. we'll get to that after the break. 90% of the world's largest supercomputers run on intel? that means you can take a universe of data - in your case literally - and turn it into medical discoveries, diagnostic breakthroughs... ...proof that black holes collapse into one singularity. i don't know what that is. but yes. innovation runs on supercomputers... ...and supercomputers run on intel. you are super smart. and super busy. ♪ ooh! ufo! false alarm, eyelash! >>> welcome back. time for our top stories. my pick is from the "financial times." it says unilever was a deal too far from kraft heinz. it's a good additional perspective from a uk paper, one of the main reasons why this deal potentially broke down. the editorial board writes pragmatically companies must recognize as berkshire and

jon fortt, sara eisen, myself at post 9. recode's kara swisher and aston instit

no tape this morning, but jon fortt, sara eisen and myself here at post 9. ecord highs across the board. dow up 75, awfully close to session highs. we're about an hour away from the president's first face-to-face meeting with japan prime minister shinzo abe at the white house, as the administration deals with the fallout from last night's appeals court decision over that immigration order. a new phone call between the president and the president of china. our eamon javers covering all of this outside the white house today. hey, eamon. >> reporter: good morning, carl. they are ready to go here at the white house.

jon fortt, sara eisen, myself at post 9.ecode's kara swisher and aston institute's walter isaacson joining us. good morning, everyone. silicon valley stepping up opposition to the president's immigration executive action. microsoft, uber, twitter, facebook, apple and others submitting a joint brief asking the court to roll back parts of the order. they say the government should make a "fundamental commitment" to welcome immigrants while still boosting background checks to protect the country. from the brief -- "the order inflicts significant harm on american business, innovation and growth and threatens ability to attract business and investment to the united states." this as alibaba ceo jack ma warns in no uncertain terms that "if trade stops, war starts." kara, we're spending a good part of the morning dissecting who joined this letter and who did not. your thoughts. >> well, i think it's just another in the ongoing sort of tech getting to these issues. for example, airbnb had an ad last night in the super bowl. they're al

no tape this morning, but jon fortt, sara eisen and myself here at post 9. market, as sara just said, record highs across the board. dow up 75, awfully close to session highs. we're about an hour away from the president's first face-to-face meeting with japan prime minister shinzo abe at the white house, as the administration deals with the fallout from last night's appeals court decision over that immigration order. a new phone call between the president and the president of china. our eamon javers covering all of this outside the white house today. hey, eamon. >> reporter: good morning, carl. they are ready to go here at the white house. as you can see behind me, the honor guard, all five branches of the u.s. military in position here to welcome the japanese prime minister, who we're expecting to drive down this driveway here at the white house in just a few moments. the prime minister was at the u.s. chamber of commerce earlier this morning talking about the bilateral relationship and also the importance of trade and emphasizing the fact that he doesn't th

sara eisen joins us at post nine with more on that. >> good morning, guys.epsico beating estimates on top and bottom line. guidance coming in a little light. want to welcome hugh johnston, cfo and vice chairman of pepsico, welcome back, hugh. nice to see you. >> nice to see you, sara. good morning. >> good morning. i know you've got to be feeling good, especially about that organic revenue number. can you talk a little bit about some of the moves you're making not just cost cuts but the investments you're making to outgrow the categories both of slower soda consumption and slower sales of packaged foods. >> absolutely. yeah, we do feel good about the quarter. we delivered 3.7% revenue growth and 15% eps growth. so certainly feel like we delivered a good solid quarter. as you mentioned more broadly, i think the year was a good year for pepsico and sets us up well for 2017. you know, in a lot of ways it starts with productivity initiatives that we've put in place. we've been relentless in driving productivity over the last four or five years. whether it's out

i'm carl quintanilla with sara eisen at post nine of the new york stock exchange. first-ever television exclusives this morning. the incoming ceo of coca-cola james quincey is with us. david faber is going to join us shortly from viacom headquarters in midtown manhattan with new permanent ceo of viacom robert bakish. meanwhile dow adding to its gains this morning up 40 points. s&p right around 2,300. oil's up a percent. yields trying to climb back a bit. the big story of the morning though of course will be that meeting between the president and airline executives along with some headlines we're getting regarding taxes. our eamon javers is there with the latest. hey, eamon. >> reporter: good morning, carl. let me explain the announcement you saw regarding taxes. right now wire reporters are in the meeting right now with the airline executives. and they have sent out a note saying the president has talked about making a tax announcement at some point in the coming weeks. we know the top airline ceos are in the meeting as well as some executives from airport authorit

i'm carl quintanilla with david faber, sara eisen, mike san tolltoll e -- santoli.ramer has the day off. more retail downgrades, the president goes to boeing for the new dreamliner unveiling, futures are red, so is europe on a very weak retail sales number. ten-year's back to 2.41. roadmap begins with offer decline but negotiations continue between two food industry giants. unilever rebuffing merger proposal from kraft heinz in what would be one of the biggest deals ever. >> plus stocks pull back. was the record run for the dow and u.s. markets overly bullish? >> and four weeks since taking the oath of office, president trump tries to focus on jobs and manufacturing. he'll visit a boeing plant in south carolina later this morning. >> first up though, kraft heinz looking to create a consumer powerhouse confirming it has made a takeover proposal to unilever. the initial proposal's been rejected unilever saying it undervalues the company. but kraft says it looks forward to reaching an agreement with unilever, adds of course there's no guarantee one will be reached. we

sara eisen, jon fortt and myself at post 9.oining us this morning, zillow group ceo spencer rascoff, talking about earnings and a whole lot more on a day where we're seeing oil go positive. we'll see if equities follow suit. >>> first up, the president singling out another american business on twitter. this time, it's retailer nordstrom. our courtney reagan has the latest on that. happened minutes ago back at hq. >> that's right, carl. president trump tweeting from his handle @realdonaldtrump" -- "my daughter, ivanka, has been treated so unfairly by nordstrom. she is a great person, always pushing me to do the right thing. terrible!" this is in response to nordstrom saying that they have pulled their merchandise, as every year, at 10% of the goods they sell and make decisions based on what is selling and what is not. some read that as the impact of the boycott on donald trump and trump merchandise at a variety of retailers. that news came in the middle of last week. so, in some ways, it's a bit surprising it's taken the preside

jon fortt, sara eisen and myself at post 9. dow's up 101.ecord highs for the dow, the s&p and the nasdaq, as yields and retailers are climbing. we've got this meeting between the president and key airline executives in washington, d.c. for that we'll go to phil lebeau. hi, phil. >> reporter: hi, guys. i want to bring in gary kelly, ceo of southwest airlines. thank you for joining us after coming out of a meeting with the president. give us a summary of what you talked about. this meeting went on longer than you expected. >> it went on -- it was a very good meeting. we talked to the president and his staff. it was a very engaging dialogue. it was very much focused on tax reform, regulatory reform, but primarily infrastructure investment, both for air traffic control and the airports. so, it was very dprks very exci excited about the prospects to improve support for aviation going forward. >> reporter: let's talk about that because we heard some of his comments at the beginning of the meeting. he basically said you have old equipment, airports

jon fortt, sara eisen and me at post 9 on a very busy friday as the market stumbles a bit for the firste in about a week, taking a pause in their historic rally as the president goes to south carolina for that meeting with boeing. investors seemingly undeterred this week through headlines and fake news and cabinet changes. the question is, will that confidence continue as the president's policies move closer to implementation? we're joined by richard clarendon at pimco and mike ryans, global strategist at ubs. good to see both of you. what a week we've had. it's not just been potus. it's been yellen, philly fed, cpi. what can we say this after week we've had? >> we've had strong data for several weeks. we had yellen on the hill for humphrey/hawkins stem. she leaves her options open, didn't show her hand for the march meeting, but strong data. >> one question, mike, is do you sense there is any rise in complacency, underestimation of the risks, you know, as we look out to see how exuberant this market really is? >> i'm not sure that there's a sense of exuberance, but i do think what you'

jon fortt, sara eisen and me at post 9.some record highs, eight straight gains now for the dow, which, of course, hit a record intraday high earlier this morning. that's a 13% jump for the industrials since the election. joining us this morning, paul christopher, head of global market strategy at wells fargo investment institute. paul, it's good to have you today. >> thank you. >> as the debate goes on about how much of this is fundamentals versus political expectations. you think it's the economy at work here, don't you? >> yeah, we do. we have a lot of clients, though, investors who think that, well, gee, if this is really all just about policy, then this rally is riding on thin air. we don't think that's necessarily the case. the economy started to improve long before the elections, just started getting noticed on november 9th. >> we got the s&p now above the average year-end strategist target of 2,364, or just about there, but strategists aren't raising their targets higher. why not? >> what you're not seeing is we're a

with me at post 9, our own sara eisen. jon fortt is at the mobile world congress in barcelona.ot more from jon in just a moment. it is a busy morning here in the markets, especially in washington. the president wrapping up a meeting with the national governors association this hour, holding a roundtable with health insurance ceos. our eamon javers is at the white house with all the latest. hey, eamon. >> reporter: yeah, good morning, carl. that meeting with the health insurance ceos is going to right now behind closed doors here at the white house. we expect to see some tape of that and we'll bring you any comments that the president does make. but this morning we saw the president in a separate meeting, meeting with the nation's governors, talking a little bit about where health care is going and the efforts of the republican party to repeal and replace obamacare. the president striking a little bit of a glum note here this morning, a slightly more downbeat attitude than we've seen from him in previous days. the president seeming to acknowledge at one point some of the difficu

i am sara eisen in for kelly evans at the new york stock exchange. >> welcome back.riffith. apple is the big story of the day. >> again. >> shares up 7% on the back of those blowout earnings last night. tell you what ceo tim cook told cnbc coming up in a little while. if it were not for apple, what would the dow be doing today? >> senator rob portman met with tim took in washington. they talked tax

sara eisen has been over that all day. >> david has some news on this. >> yeah. yeah. we're going to stay on this. sara and i are going to talk about this. joining us at 9:00. this has been the big story of the day. this is a real potential deal, not one where the company is preparing. the offer was made in the last few weeks from kraft/heinz to buy unilever. it was then outlined by unilever when they confirmed the deal, $150 share purchase price made up of both stock and cash amounting to $143 billion but it was rejected by unilever. and what we can tell you at this point after a day here of sort of reporting is the high likelihood that under u.k. takeover law, by the way, they have 28 days at kraft/heinz to actually come to an agreement or make a formal proposal, but what is likely to happen here is not that kraft/heinz is going to go what we would call hostile. in other words, if, in fact, they are not able to get the board of unilever to agree to a deal in the next 28 days, expectations are they will simply step out as opposed to take it to shareholders as is, you'r

i'm sara eisen in today for kelly evans here at the new york stock exchange. >> and that would make megriffeth. we have a lot to cover. earnings coming all over the place. amazon will be focusing on that, but we will also be talking about donald trump's day in washington. he met with various business leaders, this time executives from harley-davidson to talk about manufacturing, but we have details on why harley may actually have a unique perspective

. >> eamon javers and sara eisen, thank you. >>> we have chris zacharelli, jonathan corpino and rick santelli from the cme in chicago. jonathan, just beginning with you. what accounts for this rally today? >> you know, not one major headline that's out there. and the other side to it, there have been no negative headlines that are out on the market at this point. in the middle of the earnings did pretty good for the results that we've seen this week. there's nothing that's derailed this rally. i don't see a large conviction into this. i don't think we feel that a lot of money is flowing into this rally here. volume hasn't been supporting it. investors are still waiting to see how things are going to pan out. we have ms. yellen speaking twice next week. we have a longer economical lender. there's more that investors are going to sit back and wait to see what happens. clearly any headline that comes out of washington, we're definitely focusing on that, too. >> chris, we've seen a good focus for materials and industrial sectors. what do you think that's based on? there's hope there's in

. >> sara eisen. >> this is light for mondelez. fourth quarter earnings per share, 47 cents.ooking for around 48 cents. it was the sales number that missed the mark though, 6.77 billion versus an expectation around 6.8 to $6.9 billion. in terms of what drove it, well, i just had a chance to talk to irene roseenfeld, the ceo. the quarter was tougher than expected. why? a lot of the reasons are short had ever term issues, her words, including the india demon tieization. a shift in consumer behavior took a lot off of the sales that this company does in india. exposed to emerging markets. heavy promotional spending in the market. so that also drove lower sales. a lot of the top line impact was that india demonitization which should be short lived. the u.s., i asked her if she was seeing a spike and we're not seeing it play through in consumer behavior at this point. in terms of what else was driving the third quarter profit, blaming competitors on slashing costs. one person discounts or gives you a promo two for one, one company does that and all the other snack companies have to

i'm carl quintanilla with sara eisen, david faber at post nine of the new york stock exchange.. we're about a minute behind schedule trying to get ism numbers. rick santelli's got that. rick. >> yes, let's start with the older data first. december on construction spending was down 0.2. mirror image of the up 0.2 we were expecting. we had minus 0.2 in september last year, you have to go to april to find a worse number. of course january is the read on ism. and it's a good one. we were looking for 55, we ended up with 56. 56, the best level since november of 2014. going a ways back. let's look through the internals, shall we? prices paid jumped up to 69 to 65.5. new orders 64.4 to 60.3, subtle change but to the upside. and 60.1 on the employment index following a slightly revised 50.8. and in light of today's adp that somewhat makes sense. sara, back to you. >>> rick, thank you. stocks this morning are higher holding gains here. dow's up 84. just a few hours left until the fed's first policy announcement since president trump took office. let's bring in steve liesman, cnbc senior

i'm carl quintanilla with sara eisen, david faber at the new york stock exchange.wn about 22 points. a lot going on as we weigh foreign policy news, economic news, of course earnings news led by facebook. >> but our roadmap today begins with the ceo president donald trump expected to meet with industry leaders tomorrow including jamie dimon and harley davidson executives today. we'll have the latest for you from washington. >>> as we said facebook reporting revenue up 51% from a year ago thanks in large part to mobile. we're going to dive deep into their earnings. >> and then we'll talk to panera bread founder and ceo on how the president's policies will affect his restaurant business. but first, let's get straight to eamon javers who is at the white house with what will be a busy 24 hours for corporate america in washington, eamon. >> yeah, you're right, sara. i think the theme of the day is learning to deal with a president trump negotiating with him one-on-one both foreign leaders and ceos of businesses are adjusting to this new administration, the personal styl

i'm carl quintanilla with sara eisen, david faber at the new york stock exchange. going on on this friday. dow 20k once again. obviously earnings, this meeting of ceos at the white house, a lot to watch as dow's up about half a percent. >> our roadmap for the hour begins with trump ceo summit. the president meeting with the likes of jamie dimon and elon musk today. we'll bring you the very latest from washington as we have it. >> it is jobs day. goldman sachs chief economist will join us to talk about the jobs number and the trump economy. >> and then we'll break it all down with pulitzer prize winning columnist jim stewart on president trump's management style in the white house. kind of a controversial new call on that today. >> rick santelli's got ism services. hey, rick. >> a litany of news, carl. all right, let's start at the top. our january ism non-manufacturing service sector, 56.5, that fits in nicely with the last spat of numbers. definitely on the high side of history. dig deeper on the employment, 54.7 popped from 52.7. if you look at new orders, 58.6 w

i'm carl quintanilla with sara eisen, david faber at the new york stock exchange. some early lows. a lot happening today. of course buffett on cnbc making a lot of comments. still awaiting comments from the president this morning meeting with the nation's governors. >> and that is where we begin our roadmap for the hour with berkshire hathaway's warren buffett sitting down exclusively with cnbc. what the oracle of omaha has to say about stocks, the president, apple and more. >> as we said, big day in washington. the president meeting with governors and health insurer ceos, got all the latest. >> and with the world congress underway in barcelona, the gigantic tech show revealing some top products this year. kwa >> let's get to diana olick. >> pending home sales down 2.8% down month to month in the lowest level in a year. the street was surprised. pending home sales are a measure of contracts signed in january. so they represent closings in february and march. this is a weak start to the year. and the realtors are saying it's all about affordability and lack of suppl

aisle carl quintanilla with sara eisen, david faber at the new york stock exchange. range here, down 16, got fed minutes coming up this afternoon. perhaps investors are waiting for that. the ten-year did dip below 2.4 for the first time since february 9. >> our roadmap starts with stocks taking a pause as carl mentioned from the week rally this morning. the s&p still on track for its best month since march. we'll discuss it. >> plus, what a possible trade data overall would look like and why that matters. the director general of the world trade organization is with us. >> and strategy review at unilever just days after rejecting that takeover bid from kraft heinz. we've got all the latest details. >>> big day for real estate and housing. we've gotten toll numbers. let's get to existing homes with diana olick. diana. >> existing home sales in january up 3.3% to a seasonally adjusted annualized rate of 5.69 million units. that's a surprise to the upside. the street was looking for a drop. that's month over month. and december was revised up slightly. we're seeing the s

aisle carl quintanilla with sara eisen and david faber at the new york stock exchange.in across the board including the russell as the s&p and nasdaq are going for the fifth day of gains. >> our roadmap for the hour begins with president trump meeting with canadian prime minister trudeau in just about an hour from now. economic interests and trade in focus. we'll take you live to the white house. >> wall street extends the record run, the dow, the nasdaq and s&p all hit fresh new highs. >> plus, trump branded products taking another hit and a big call on macy's. we've got all the details with a retail roundup. >>> busy morning in washington, d.c. the president meets with canadian prime minister justin trudeau at the white house in less than an hour from now. our kayla tausche is there and joins us with the latest. good morning again, kayla. >> reporter: good morning, carl. you can see the honor guard assembling behind me at the white house as we await the arrival of prime minister trudeau. his first visit to the white house since march of 2016 when he met with president

jon fortt, sara ooist eisen and me at post 9. joining us, recode's executive editor kara swisher.a, always good to talk to you. the dow is up and up across the board and the president meeting with canadian prime minister justin trudeau. it's not just that meeting. the president and trudeau will discuss launching a joint task force aimed at helping women in the workforce, talking about executives from general electric, accenture, gm, and a lot more. we know what an issue that has been over the past couple of years, kara, especially for the tech community out west. what do you think this brings? >> well, we'll see. i mean, he's obviously interested in creating jobs and he's got to meet with various executives, and we'll see where these meetings go. i think the real issue is where do the jobs get created and how? so, i think good terms with the business community is an important part of the job, i suppose. >> i'm wondering, kara -- and we want to keep talking about this meeting, of course -- but this story that came to light over the weekend about the nasa engineer born in the u.s. b

sara eisen has a look at what is on the agenda. >> good morning. front and center is the economic relationship when the u.s. and japan. abe is likely to bring goodies, investment in high speed rail. like japan's shinkanzan high speed rail, to build on what is a strong economic bond. here's the key to that. trade investment and jobs. japan is our fourth biggest trading partner and runs the second biggest trade deficit, about $68 billion, number two behind china, something that president trump complained about. prime minister abe will make it clear that economic bond is running deeper. japan has invested more than $400 billion in the u.s. in businesses, assets and projects. only the uk has invested more in america. it's also number two when it comes to u.s. jobs. japanese firms employing 839,000 workers in the united states. more importantly for president trump, japan is the top source among foreign countries for manufacturing jobs in this country. some of the biggest employers in in the u.s., aeon, gunze electronics, toyota. abe set to stress a lot

s sara eisen has got the results. >> big beat, $1.20 earnings per share. it was around $1.16 expected. $19.5 billion. that was pretty much what analysts were looking for. everyone goes straight to the organic revenue growth for this one because it's so internationally exposed. it gets hit with foreign exchange off the strong dollar which did chip away. a few percentage points off the revenue growth. 3.7%. i would also note volume growth is always important. we look at both frito lay which is the big snack business, profit driver, 3% organic volume growth. 1% for global beverages which stood out to me because coca-cola reported last week and did not see growth in its beverage volumes. pepsi has a smaller beverage portfolio. it leans on the snacks but it is managing to squeeze out some nice profits from its beverage portfolio. in terms of guidance which is also going to be looked at here for 2017, pretty much in line. pepsi continues to see 3% organic revenue growth. they're boothsing their dividend here and this pretty much jibes, guys, with what has been a

i'm carl quintanilla with david faber, sara eisen, mike san tolltoll e -- santoli. downgrades, the president goes to boeing for the new dreamliner unveiling, futures are red, so is europe on a very weak retail sales number. ten-year's back to 2.41. roadmap begit

sara eisen joins us live. >> that strong dollar certainly hurts coke's business around the world.e are the headlines. earnings per share was a match. 37 cents was the expectation. revenue beat for the fourth quarter, $9.4 billion versus 9.1 billion expected. the real bright spot in this report is actually organic revenue growth. coke putting out 6% for that number for the final quarter of the year. expectations were just a little over 3%. i did just talk to the coo, james quincy, the incoming ceo. he doesn't want to overplay that number because he did cite two extra selling days during the quarter. that actually helped those revenue numbers look better. still, he said they had a very good experience in terms of growth on north america. that was certainly the bright spot while emerging markets continue to suffer from macroeconomic problems. the joint venture on that premium brand he cited as doing pretty well. sprite had a good quarter. the bottled water and juices and teas continue to grow. that's going to be the trick for coke, getting more of its portfolio into that category ver