joining us is david welch and still with us is jury in timmer of fidelity.ns to build that factory in mexico that drew so much ire from president trump. both during the campaign and after he was elected. they are not building cars in china so trump is not giving the jobs here and they are going to import some from europe. meanwhile, they are investing a lot of money in a large suv plant. you see where the market in the u.s. is. big suvs, stuff that makes a lot of money. they will make the largest addition and lincoln navigator in kentucky and then you see passenger cars which americans don't want our imported from china. david: we have a map on the bloomberg where ford has manufacturing plants all around the world. you see quite a few in north america. ande or four over in mexico china and we have some over into europe as well. wheres an extension of they were headed already or could this be attributed to the new ceo? we got a new ceo in the last months. is this part of shaking things up or was this in the works? >> it is a bit of both. they have been moving

timmer replaced dillmer rousseff a year ago the brazilian market is down a bit today. >>> sprint is inalks with comcast and charter communications for a possible wireless deal. the "wall street journal" says under one option comcast and charter would invest in sprint's network in exchange for favorable terms to cell service using the carrier's network. the "journal" says another scenario is the possibility of comcast a comcast and charter joining forces to buy sprint either way, there's a lot of deal negotiations going on behind the scenes. it's a good piece. gives a lot of color as to what sprint would want, what comcast and charter would want from sprint the likelihood of an all-out sale i'm sure david faber will have more on this later >> i think the big headline is that it puts the t-mobile sprint deal on hold >> something everyone was expecting? >> less hoops to get over, so that was something that was possible before but now will not happen for whatever reason. >>> hedge fund paulson and company upping the stake in valeant to 6.3%. this a week after john paulson joined valeant's

joining us is jurien timmer. i look at big moves this week, and the s&p 500 is up 0.03%. think the nasdaq is down a little bit maybe 0.6% or so so clearly tech is underperforming. what kind of damage have we seen internally in this market this week during the selloffs in tech >> very good morning to you. i don't think of it as damage. i think of it as a good thing that a bit of air has been let out of the f.a.n.g. balloon if you will we saw something similar a year ago with the bond proxy trade, stocksing ac inacts like bonds,a getting parabolic, last summer the air started to rise, and you don't want the moves to get out of hand. in tech and the f.a.n.g. trade that has not happened yet if you look at the fundamentals, the pe on the tech sector is 19 today versus 70 back in 2000 i think this is all part of the normal rotation. there are three big groups, one is value/cyclicals which moved after the elections. there is these bond proxies that act like bonds there is tech and biotech. investors have been betting against growth and going into this space so i think now we're

timmer was charged in a corruption scheme involving the meat packer jbs.d rousseff just over a year ago. >>> in pop culture news, ail bex banews,ailec baldwin saying he will appear on "snl" as president trump, but not as regularly due to scheduling conflicts >>> it's not often you hear about white collar crime, people being prosecuted at the top. here's a case of that. a pharmacy executive has been sentenced to nine years in prison after being convicted of racketeering and fraud charges for its role in a deadly u.s. meningitis outbrack in 2012. barry cadden was the co-founder and president of the new england compounding center he produced drugs in unsanitary and unsafe ways to boost profits, and that led to 178 pains being harmed after receiving contaminated steroids. the nine years is less than the 35 years the prosecutor sought. >>> coming up more from our guest host jason trennert. as we head to break, here's a look at yesterday's s&p 500 winners and losers ♪ when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connect