in a call for greg haze of united technologies come and they spoke for less than 15 minutes.mp said, look, you have to say this plan. haze pled his case. trump did not care really. haze, you aregreg thinking i will save $65 million a year on this plant, a tiny portion of $60 billion in revenue, and the federal government partly in the person of mr. trump as their fingers on our defense contracts, which are many billions of dollars, so although trump never brought up the defense contracts, he did not have to, so mr. hays turns to indiana and gives them a nice little deal and says, i'm going to keep the plant open, but that comes with caveats. one of the things they promised 16 millionpend dollars in upgrades, including automation, and mr. hays said then and told us again that automation is likely to lead to fewer jobs. he is still a fervent believer in globalization. regrets about the initial decision to close the plant, and i don't think he has .ny regrets about this they hope to move ford from here. up next, berlin's epic struggle to build a new airport. oliver: the central

procter & gamble, united technologies and billing. nasdaq listing 16,000 for the first time ever. a mixed bag now features up to him. s&p futures down one. trade for the rally pushes stocks higher in asia-pacific and japan closing up 210 points for 1.1%. shanghai composite key benefits of 1%. nicole: earnings from twitter in subscriber growth. we'll tell you. lauren: uber announces plans for cars in three years time. is it a pie-in-the-sky idea or is it real? nicole: despite russell westbrook over the oklahoma vendor eliminated from the playoff in the nascar at the an era as dale earnhardt junior announces he will retire racing this year. lauren: 5:01 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: president trump unveiled his tax reform plan today is the border wall heats up on capitol hill as congress tries to work out a deal to fund the government. connell mcshane latest on the budget negotiations. first, adam shapiro has the details on trump's biggest announcement. reporter: good morning. this is the day million of americans

today, three big blue chips, boeing, united technologies, and procter & gamble reported their quarterly profits, but with mixed results. dominic chu has more. >> reporter: after two straight days of big gains for the dow jones industrial average, stocks calmed down a bit as three big dow component companies reported earnings that were generally mixed. one upside performers, industrial conglomerate united technologies which makes everything from otis elevators and what the and whitney jet engines. it rose thanks in part to european orders and signs of momentum in the global economy. shares of boeing were among the biggest drags on the dow today. the aerospace and defense giant reported better than expected earnings although sales fell short of expectations, due in part to fewer deliveries of aircraft. on a more positive note, it did boost projections. the stock is up by 17% from last year so perhaps a pullback is not a surprise. procter & gamble, responsible for big brands like tide laundry detergent and pampers diapers also reported mixed results with sales that narrowly missed expectat

united technologies not so much. >> right, wasn't that long ago honeywell was we wanted to buy unitedhnologies. >> yes, dave cote said that united technologies was poorly run, and that therefore there was opportunity. kind of put it in there, kind of not that well managed. if you're greg hayes and you watch that interview, i think that you might disagree. >> i expect you would. >> existential. >> all right. >> dow is down 10. we're watching the ten-year closely at 234. let's get to bob pisani. >> that ten-year is the primary mover of the stock market right now. let's look at what's going on. the european autos after the debacle yesterday with u.s. auto stocks, all trading down a little bit. we did get some u.s. numbers out of the companies, daimler had mercedes sales in the u.s. up 2%, volkswagen had u.s. sales up 2.7%, not bad numbers but all down in sympathy for what happened yesterday. we have this risk-off width to the market. gold at 1,57 on gold, the highest level since the election in the beginning of november. ten-year was 2.31, it's up earlier since stocks opened. the lowest

ge and united technologies both reaffirmed their full year outlook. that's a huge relief to the markets, because traders have been concerned because stocks have expensive by historic standards. analysts have been modelling notable increases in earnings for the rest of the year based on not trump tax cuts but on an improving global economy. first quarter profits are expected to jump 12%, the best gain in six years. they have similarly high hopes for the rest of the year. by the way, this is not just the united states. earnings have also improved in europe. the stock 600, the european equivalent of the s&p 500, saw earnings grow about 13% in the fourth quarter. that follows a year of declining earnings. now first quarter earnings are expected to rise 5.5% in europe. that would be the strongest in five years for that quarter. we'll see if this is enough to keep the stock market near record highs. that's the key. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> still ahead, as americans continue to borrow money, how much d

finally, united technologies on the plus side. the earnings beating estimates. the otis elevator division performing relatively well. the cells over all up 3.4%. if you look at the dow, the relative strength index is getting heavy here. it is a percentage of members of the index and the s&p and nasdaq above the relative strength index of 70 which indicates the overbought condition. inmates we could see a little bit of a pullback. it is the purple line here, and you see it rising sharply within the s&p and nasdaq. something to continue to watch here. elsewhere in earnings, we have news from the fast food world or the fast casual world in the potle,f chi bouncing back. they say that the payment system suffered a data breach or that can be capping some of the gains. restaurant brands international, known as the owner of burger king and tim hortons sees sales falling a 10th of a percent in the first quarter, trailing analyst estimates. they were looking for a gain there. a quick check on oil prices as well. we have the weekly inventory numbers. crude oil dropping by

other than the united technologies which did tell me directly that the u.s.gang busters it's overseas orders that are doing incredibly well. there had been a bit of a pause in our country after repeal and replace was repealed and replaced by nothing. i think that other -- again, the united technologies whether it be air conditioners and heaters or the orders that were off the charts that's the first company i heard, you know what, the united states very strong. i think there was a pause and that's why i felt that the president needs a win because the pause is freezing american investment. at the same time, that your health care bill is just -- you can't look at it. >> yeah. >> can't look at it. >> we're going to cover tax up and down today. watch the markets, see if they can make more history after the nasdaq hit 6,000 yesterday. a lot earnings to watch. we have beats on boeing, utx, proctor, pepsi and some more. >> right. boeing and proctor is the old kind of mcdonald's beat. those aren't wows. those are like -- you know? >> they're okay. >> not manufacturin

united technologies is a lead on the dow 30 heat map here.d by the way if you been watching this man right here then you are days ahead on not one but two headline stories. leaving office. teaming up and swinging for the fences. he has him first. he's coming up with the inside info. right now. look closely. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. the microsoft cloud turns information into insight. ♪ liz: national economic council director gary cohn, yes, he was the guy who got up started speaking first about tax plans and tax reform. he has been leading the way for the white house on that tax plan but there is a chance he could be making his way over to the federal reserve for a -- already? he got into this one, charlie. >> let's be real clear here, there is certain business network in new jersey that regularl

united technologies out with earnings of 1.48 a share.t's 9 cents better than the street had been anticipating. the company also raising its -- it is backing its prior full-year forecast saying $6.30 a share to.60. the street was at $6.55. we'll keep an eye on this dow component which is right now up by 90 cents. >>> at the top of the hour, the guest host will be scott mcnealy. he will weigh in on politics, tech start-ups and education. senator pat toomey, we'll get his take on healthcare reform and president trump's tax plan. and later, peter roskam will join us. stay tuned, you're watching "squawk box" on cnbc. you're her . >>> welcome back to "squawk box." time for the executive edge. consumer reports cutting its rating for some tesla models. phil lebeau has the details. >> this is significant because consumer reports has been praising tesla models in the past, but this morning consumer reports is saying tesla has been slow to issue an over the year software update for automatic emergency braking. this software update would enable that

and then carrier's parent company, united technologies, one of the largest military defense contractorslike the prior caller, you talked about the civil war, i worry about that more also been a nuclear war with new gurria -- north korea, china, russia. i worry about what he is doing. he talks about draining the swamp. which is great. swamp, if you the want to get rid of the leeches and snakes and the crocodiles, but he is getting rid of the wetlands, and the environmental regulations that keep the ecosystem going. where there are swamps, good swamps. i am not happy with him. the only good thing i can say about the president right now is the fact that you got me active. active in moving and talking to my senators, my congressman, and marching. i will give him credit for that. host: you had not done that previously? caller: no. host: frank is a republican in myrtle beach, south carolina. what do you make of the first 100 days? caller: i think he has done a good job. considering the country is so divided. it seems like every time you turn around, all the time, they bring up something. just

no edge here, can united technologies deliver a quarter that's as good as honey well did this morning? what a quarter that was. this company has seen real strength in orders, so i get it's going to have real strength in numbers, and don't forget, this is the year that aerospace technology gets out of the teething phase. pepsico also comes wednesday, and we have come to expect that this company will deliver superb results. this should be one more excellent quarter. good sha but there's always someone itching to tell this thing, maybe we wait to see them buy. then there's twitter, so many people on twitter are dying to buy twitter or dying inside because they own it already. i'm just waits to see what a tough quarter will two. i say it's too risky until we see those numbers, then we make a decision. i think i'll go to bed around 11:30 and get the job done around 12:00. a name well known -- many of the airlines are doing fabulous here, even united. but overseas, you have the video? did you not have the video? we mentioned the stock of united and we didn't run the video? i should stop rig

with target, we have to get rid of etsy, we have a drug company, a retailer, what we need is united technologiesse that had a monster quarter and we put in mcdonald's. that will be the best of what we have seen so far. remember, we go back to what worked, rather than hazard a guess on what may work. paul in ohio, paul? >> caller: how are you doing, jim? i just wanted to know if i'm diversified. >> sure. >> caller: okay, i have cat and i have de for deere, and i have prospect capital. and o reality. >> right. >> caller: and also i have cim, i'm not sure what the name of the company is. >> you have a very high yielding portfolio, it wouldn't do badly if interest rates suddenly went up. but the real estate investment trust, it's high quality, pl prospect capital, i'm not sure what they invest in. call this mid level investment, mezzanine, and this is actually a play on, they tend to be a play on yield. i'm going to get rid of one of these, i'm going to get rid of prospect, because i don't know what they're in, because it's similar and they trade together. let's put in united health. united health h

united technologies up a fraction. how about this?ve, have not seen an upside on the move on twitter for a long, long time. and more trump people are opening twitter accounts and that's why they're up to $16. trump has an impact after all. how about that? chipotle, whoa, are we in turn around mode after the e. coli problem, better sales, better profits. the stock is up four bucks. we call them the fabulous five for want of a better name. all-time high for facebook. that thing it up. amazon well move -- well above 900. and what a big start to the day. ashley webster, liz macdonald, shah gilani and keith fitz. what's driving the market, the open of tax cuts or strong profits? keith fitz? >> a little of both. the end traders are rushing to be a part of the problem. my concern, not to be debby downer, there will be profit taking in the next 24, 48 hours. stuart: thank you. [laughter] >> and 21, don't want to be debby downer. are you in seattle where it's raining? yes, i knew you were. [laughter] >> is it profits or the hope of a tax cut,

united technologies and honeywell talked last year about what would have been and $100 million deal of big industrial giants. that probably would've cost 10,000 or 20,000 jobs over the course of time. deals like that where one of the headlines is x amount of jobs or meaning of synergies, jobs getting cut, those are the deals being hold off on because they really worried that this administration and the president an in particular will scare them off with a tweet. julie: we will be watching this every monday, every day as you will. jeff mccracken, thank you so much. jeff is the executive editor of our global deals team here at bloomberg. let's get a check of the headlines for the bloomberg first word news this afternoon. mark richt and has more. -- mark crumpton has more. mark: rex tillerson's mission to moscow just became more compensated. he will be friend a different message after missile attack against syria. he is likely to get criticism from russia's foreign minister and the kremlin says there is no plan for president vladimir putin to meet with secretary tillerson. the u.s. is mak

procter & gamble, united technologies and billing. nasdaq listing 16,000 for the first time ever.

microsoft and ups, united technologies hitting new highs. geking doctoring and verizon slumping for a second day after disappointing earnings reports. this was the scene yesterday in paris during this very hour. remember, we broke into the show? isis claiming responsibility for the shooting that claimed the life of one police officer. voters in france heading to the polls in 48 hours, already seeing a rise in the polls this past week. could this tragic event purr the bump that one candidate has been waiting for? "countdown" coming right back. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at alpsfunds.com/amlp your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it?

united technologies up 1%. boeing up 1% as well. tell us about japanese equities.ou are positive on that and we have been hearing from several people. why japan suddenly now? >> several reasons why we find equities attractive. first and foremost, valuations. on a pe basis, they are trading at 14 times. this is relative to the u.s. which is roughly 18 times earnings. from a japanese earnings perspective, fundamentals look good. when we look at the potential for inflation and the potential for growth in japan, it is participating as well with the global economy. finally, a lot more shareholder from the activity going on with companies, things like the buybacks, raising dividends. these are shareholder friendly things that we are used to here in the u.s., has not really been a part of the japanese stock market. we are seeing more and more of corporate japan taking shareholder from the policies, and we look the tailwind that provides. people,ike a number of you also find europe attractive, just on evaluation basis but also fundamentals? >> valuations are similar to jap

united technologies finishing down, but the rest of them general dynamics raytheon, northrop grumman, with slight gains. we talked about safe havens, how about gold? money continued to pour into gold, up 10 bucks at $1288. russ koesterich, head after big fund at blackrock, his team is buying gold, treasurys because of gold, political risks. that is from a portfolio manager at blackrock. a risk-off is in the air. late-day selloff into a three-day weekend. markets are closed tomorrow, blackrock is focus of what they have done in the past. interesting the timing. maybe now they're coming out with it after they bought the gold hoping others will join. maybe they're sitting on what they have. ashley: may be. david: for whatever reason if you're holding gold it's a good deal. ash, thank you. joaning me jonathan hoenig, capitalist pig hedge fund and kevin kelly recon partners. kevin i think it was knee-jerk reaction the moment they heard about the big bomb. is that the reason why the market stayed down or more they didn't want to hold going into a holiday weekend? >> think one of the biggest

united technologies a little stronger in contrast with the other earnings, beating estimates.division performing well, and they are working on the pratt and whitney engines. so there is a theme of food earnings as well. otle kelly come -- chip beating estimates, showing a bounce back from their food safety issue that began in 2015. but the company did reveal its payment system suffered a data breach, so that may be tapping the gains. restaurant brands, the owner of burger king and tim horton, they are falling 0.1%, worse than estimates. they saw declines at burger king and tim hortons. pepsi as well on the move, a little down. frito-lay, which has been offsetting some of the --gnation with soda scales sales, it is falling 1.5%. that appears to be the decline in those shares. scarlet: twitter is up almost 10% after adding new users. let's talk to all of her. oliver: -- oliver. oliver: social and governance metrics, the three central factors in measuring sustainability. every ethical impact. they have been adopted by the financial community, especially by this guy. he is in los

united kingdom. this is bloomberg. ♪ alisa: you are watching bloomberg technology.tart with the check of your first word news. a senior u.s. military official says russia provides weapons to the taliban for potential use against u.s. backed forces. russia has denied it but jim maddox says they will confront moscow. afterrip istu a defense secretary resigns. france, and alliance of convenience plant to keep far right candidate marine le pen from the presidency. support also poured in from the eu, which is troubled by marine view.'s the far right candidate says she is temporarily stepping down as leader of the national front party. formove seems to be a way her to embrace a wider range of voters before the runoff. weeks of protest and unrest in venezuela has claimed another victim. a woman died on sunday after being hit in the head with a frozen water bottle. global news, 24 hours a day, powered by more than 2600 journalists in more than 120 countries. i am a alisa parenti. this is bloomberg, just after 5:30 monday in new york. already tuesday morning, 7:30 in sydney.

technology talks about privacy. that neutrality and expanding broadband and the united states. he is interviewed by a technology reporter for the hill. >> when you guys negotiate with republicans and the public outcry, there is this a look outcry will this be a point of leverage that can be used. >> i think this is all part of thishe reclassification of boat, i think this has become the past. i think the public is went you have to say something about this. what we want as democrats on this committee is strong consumer protection. more and more the handheld device and your laptop, your whole life is on these devices right now. family information, people want a sense of the internet service providers. this dataot is in strictly for themselves. >> watch the communicators on monday night on c-span two. >> american history tv was recently in ford theater for the hosted byl symposium the abraham lincoln institute. talks about the 16th presidents relationship with immigrant groups. this is just under one hour. great pleasure for me to introduce jason silverman, i first met him and brin

united technologies is my favorite. >> look at what shanghai has done the past few weeks.&p at the bottom of your screen. at the big board sec acting chairman doing the honors. at the nasdaq avidas medicine. [ bell ringing ] a lot if pharma and biotech we have not gotten to yet. >> it's interesting that ionis, it really is causing people to sit up and take notice. i look at buy jiogen, the ms dr was nothing that big but people wanted to see something from biogen. terrible disease they have something for weakness of the spine, kind of amazing. lilly wasn't as bad as everybody is saying. i think lilly's fine. >> what's interesting, i was looking at gilead as we pass nasdaq 6,000 we saw the scaring looking bolt. gilead has had a brutal run. once a $140 billion market cap. down to $87 billion. they have a great balance sheet. >> acquisition. until they do something, they've got to do something. you know what? i can give you a list of a half dozen companies they have to buy. >> right. will they? they did try on medivation, hanging around and cellgene, but pfizer bought it. inte

ge and united technologies affirmed their guides. this is a big relief for the markets.we had big expectations, the earnings would improve this year. look at the estimates for the full year. the worry is without some confirmation on the companies that earnings were indeed going to be higher as people were expecting the market would just be overvalued and people would say forget about it, let's get out. that's not happening. so we started out in q1 with expectations up 10%. it's been going up. the other numbers, q2, 3, 4, are holding up very well. this is one of the main reasons the stock market has been so strong recently. and remember, these all modeled without trump tax cuts in them. none of the analysts are including if anything in the 2017 models. now more tech after the bell. it will be tech stocks now we'll be hearing from. you'd know about google, microsoft, intel. watch samsung. they're a very good bellwether, the chip manufacturing arm. they had good overall numbers and the profits were the best since 2013. in trades over in korea, but up 2.5% another high for s

did work in the united nations doing technology transfer to developing countries.wo university computer networking operations. i had an internet policy project mostly in the tomorrower soviet union, and i've been a director of i can for the last seven years. presumably, as a retired person but, in fact, as nearly a full-time person working with icann to help the doeneighbor main -- domain name system and the identifier system flourish. >> host: when you bring, as you said, technology and the internet to another country, how do you do that? >> guest: depends when you do it. i've put in first computers in some african countries, and it's a matter of education, it's a matter of working with vendors, making sure you have the right prerequisites like electricity, making sure that there's a process that has to happen and people are dedicated to it and then making it happen. with the internet it's been a little different. there you need people who are in the country who are champions of the country. and we did that primarily in the internet society when i was a trustee th

the responsibility of implementing the ministerial level bilateral science and technology cooperation agreements that the united states has with six countries the ones listed here, brazil, china, india, japan, the republic of korea and russia and supporting the state department in the implementation of the 40 other bilateral science and technology agreements, which we have with other countries. so what did obama do in the domain of science and technology and also particularly environment? he famously said in his first inaugural address, january 20, 2009. notice the size of the crowd, please. he said -- he said we will restore science to its rightful place in my administration. what did that mean? what did he do? it entailed, first of all, he appointed the first ever u.s. chief technology officer, the first chief informational officer, and the first data scientist in the history of the united states. he restored the assistant to the president title to the ostp director and that title provides direct access to the president. the people with that title are the direct reports. if you don't have that title you're no

transition lines, you need a way to have it reach other centers of the united states that desperately are looking for energy. >> all technologiesenewable or not have their environmental consequences. >> it is transitioning from an industry -- it is going to take more than a generation. the issue is this problem will affect us within a generation. >> if you grow technology too fast, it generates carbon. >> in energy, there is no perfect solution. when there is no perfect solution, you look for the good. and the good is going to be a diverse energy supply that encompasses many of these things. >> what should our new president do? >> i think they need to give us help in states where they are now doing that are getting less dependent on fossil fuels. we need their support and their ideas how to help us through the transition. >> if there was a carbon test, electricity generated from natural gas or other fossil fuels. it wouldn't be as cheap. maybe more people would buy wind. >> i would tell the new president don't rely solely on renewables. don't rely solely on conventionals. get a program in place where you will actually be to ope

look at united technology goes, affirmed their full-year guidance. that's important.obody is bringing numbers down. here is another one, industrials, northrop grumman, they raised their full-year guidance. that stock is trading up fractionally over here. i will show some other industrials. ingersol rand came out with numbers yesterday, today they raised lie end of their guidance. that stock is up nicely as well here. let me show you an unrelated group here. twitter here, look, up 9% here. low bar for twitter here. they allayed concerns. they reported sales weren't as bad as some peopler with afraid of. sale revenue is still down 8% compared to last year but better than expected and they had 9 million new active monthly users. best in two years. good news in twitter. haven't seen it a lot. finally, keep an eye on the s&p 500, look, 2395. we get over that, that's a new historic closing high. guys, the thing that matters this week, lower geopolitical risk, lower earnings risk important the full year, and also tax cuts now in play? three of the four big risk factors a lit

the other popular names are straight out of the dow 30, but not to be left out united technologies wasrse, of carrier which had been a target of trump's for off-shoring plans. if you break it down by sectors, white house staffers were heavily in consumer tech and financials which matches the broader market break down. if you want to invest like a top government official, the simplest way to do it is an s&p 500 index funneled. white house officials who made over $160,000 are required to file these disclosures within 30 days of starting. these are stocks they owned at beginning of their government jobs. steve bannon reported zero stocks whatsoever, and omarosa appeared 25 grand in exchange for appearing on "say yes to the dress." >> i love that show. i don't know if a wedding dress is a good investment, but in any case it is interesting -- i guess not that interesting if steve bannon doesn't own stocks because his father kind of famously had a bad experience with at&t. >> right. so that's the thing. these disclosures are interesting because you look at someone like bannon, you get pages

this not about procter & gamble being too high, but the eaten and the parker hanifans and the united technologynd honeywells getting ahead of themselves and that would be very bad. far more important, once again, paul ryan, the lead story in the "usa today" basically putting the big kibosh on anything that's important to tax reform. you have said over and over again, once we get up this high we simply could not have a situation where we could stay there without something happening. i polled a lot of people yesterday before ryan spoke. >> let's actually listen to what you had to say -- >> he's dynamite. >> this is paul ryan yesterday commenting on those challenges jim just mentioned about getting tax reform done. >> we will need more time to do tax reform. the house has a plan, but the senate doesn't quite have one yet. they're working on one. the white house hasn't nailed it down. so even the three entities don't -- aren't on the same page yet on tax reform. >> yeah. it's going to be complicated. with all respect to treasury secretary steve mnuchin who indicated it would be simpler than health

we all know that boeing and honey well and united te d technologies are doing great. how about rockwell collins? another maker of aero spaes components has had a run also. how about ingersol-rand? does anyone even care about these great american companies that stayed here, defied the foreign competition odds, and stayed afternoon? no, you know what it is, it's amazon, apple, general electric, but what about those players that defy, does anybody care about adhesives? the sleepy company only known as being the last business to ship jobs to mexico. it's been a rocket, stock has gone from 1.77 to 1.82. even though we have the lowest feed stock in the world, huntsman chemical, commodity per vaer, it's up 37% for 2017. i know not much that's special about caustic soda and chlorine. olin has seen its stock go all. you probably missed westlake's run. how about that sleepry philly company, fmc, the one with the emphasis on the chemicals that protect crops? it's powered from 2.30 to -- how about that sleepy spinoff, that no one really cared about. called chemours, that's a comp

. >> united realized that its policies, its technology and training were all inadequate and they have taken steps to correct that. >> reporter: united ceo oscar munoz once again apologized. >> it happened because policies were placed ahead of our shared values and procedures got in the way of what we know is right. >> reporter: united promises more employee training and more creative solutions. like, flying passengers to nearby airports and then driving them to their destinations. >> this will help united recover. but, it is going to take the airline a long time, perhaps even several years, to live down the infamy of what happened on flight 3411. >> reporter: the airline also plan to arm staff with an app allowing them to instantly compensate passengers when trouble hits. brook silvebraga for cbs newings, new york. >> they also introduced a no questions asked policy for lost luggage. they will pay $1,500 for permanently lost bags without asking for documentation on the value of the ballonnings. >>> coming up next, it is draft day, how nfl fans in the bay area will take in the action t

take a look at some of the leaders on the dow jones industrial average, boeing, verizon, ibm, united technologieserizon and ibm technology. which has really outpaced the s&p 500 in the 2017 names such as facebook and amazon. up 20%, netflix reports after the bell today. watch subscriber growth up 18% this year and alphabet, google up 7%. also walmart to buy. watch for that as well. start at 5:00 a.m. on fox business. all the breaking news you need. . stuart: never mind all those dodd-frank regulations. the banks are still making a great deal of money. look at those stocks go. can fine joins us, and he's banker and ceo. thanks for joining us. >> thanks, stuart. glad to be here. stuart: it was you who took the hit. the big banks could afford it. is that it? >> that's the bottom line. we were disproportionally impacted. stuart: are you doing okay despite dodd-frank or not as well as the big guys? >> well, it's all relative. we're doing better than we were during the great receion, but we're just now geing to precession levels. we really haven't surpassed prerecession levels, so 15 years. we're getti

and all the staff units risk finance and technology, instead all the staff reported joint leaders to sandy and john. when they did that, i said to them you guys are crazy. this will destroy the company. the second you do this people are going to be building trenches and stockpiling ammunition. by the time you figure it out, a lot of good people will have left the company. not realizing i would be the first casualty, by the way. and they kept saying it works for me. and i said it doesn't matter. it matters if it works for the clients and the employees. it works for me. so when you hear ceo's say it works for me, you should question their intelligence a bit. because that's not the way you should look at business. what works for the client ultimately. >> when you were fired and looking for something to do i think you were bit. because that's not offered the of home depot. >> i was offered home depot and a couple big international investment banks. hank greenberg ran aig said come over here. and i said to go from sandy to hank? you would have to have your head checked. a bunch of private

technology. i am not optimistic. the opportunities for any president of the united states to build great value through technology arehere, but the industry need help right now. a got itself a little bit of joint over the last few years. there are great opportunities, but also challenges. focused ony is too getting rid of jobs. we are in this weird situation where technically the economy is at full employment, but tens of millions feel they have been left behind. i think they really have. i would like to see silicon valley have a new challenge, which would be to create industries that employ people in good jobs. i think if you have that kind of valleyenge, silicon would over time rise to eight and a lot of great things would come out of it.silicon valley itself created a lot of good jobs. there's no reason we can't do this broadly. caroline: it is fascinating that the administration has targeted immigration as the key threat, whereas automation has been what many feel has eroded jobs. should we not be looking for a paradigm shift in the way we all work? are you not that viewpoint, or do you feel that we need to have

united's reputation. here's abc's chief business technology and economics correspondent rebecca jarvis. >> reporter: it's ad the world buzzing for days. a united airlines passenger caught in a travel nightmare. >> come on, come on. >> reporter: dr. david dao visibly shaken as he's forcibly yanked out of his seat and then dragged down the aisle and off a united jet by law enforcement. after refusing to give up his seat. >> my god, look at what you did to him! >> reporter: the episode unleashing a pr crisis of epic proportions for united airlines. >> united airlines is in hot water tonight -- >> kicked off several passengers -- >> united better fasten its seat belt -- >> reporter: everyone asking, how could this have happened? >> it was a system failure. we have not provided our frontline supervisors and managers and individuals with the proper tools, policies, procedures, that allow them to use their common sense. >> reporter: united ceo oscar munoz sat down with me for an exclusive interview. what did you think when you saw that video of a man being dragged off of one of your planes? >> probably the word

not only physical barriers in places but also increased use of technology, more boots on the ground and more boats in the rio grande. the united states has amazing capabilities like aerial drones, and seismic technology to detect crossers. let's use and do everything to secure the nation. the commander in chief is right,ing when he indicates border security is a matter of national security. and that's just the way it is. i yield back. the speaker pro tempore: for what purpose does the gentleman from florida seek recognition? without objection, the gentleman s recognized for one minute. >> i recently visited next 24, they do fantastic work to give those impacted by addiction a second chance. after all the opioid crisis is not only a national epidemic, it's happening here in our local communities. mr. bilirakis: addiction knows no bounds and does not discriminate based on race, age, income, or zip code. it seems like so many people have a story about how they have been affected. thanks to the 21st century cures act, florida will soon receive $27 million in new grant funding to help fight the opioid crisis. the $27 million will g

done better or maybe someone could have had it like -- you look at honeywell's performance, united technology'sce, multiples of what ge has been able to accomplish. >> that's right. ge started that period when jeff took over with an extraordinary valuation. it was trading over 40 times earnings. for an industrial/financial stock we now know that was ridiculous. >> all right. okay. jack de gan, thank you. >> thanks for having me. >>> when we come back, the cereal entrepreneur behind bare naked granola will join us. he has a new company that makes organic clothing. >>> and austan goolsbee will be our guest host at 7:00 a.m. eastern time. >>> later former threshry secretary john taylor has been mentioned as a possible candidate for fed chair. you're watching "squawk box" right here on cnbc. brian, i just need to know if the customer app will be live monday. can we at least analyze customer traffic? can we push the offer online? brian, i just had a quick question. brian? brian... legacy technology can handcuff any company. but "yes" is here. you're saying the new app will go live monday?! yeah. wit

xi has an interest to have chinese companies acquire strong technology in the united states.ine: absolutely fascinating. so many of the companies you report on touch on this. it's as to why they can't pay some of of their u.s. employees right now. selina wang, thank you. up next, the return of mcafee. cybersecurity giant reemerges as a standalone company more than six years after being scooped up by intel. we will hear from the newly named ceo. that's next. if you like bloomberg news, check us out on the radio here you can listen on the bloomberg and onpp, bloomberg.com, the u.s. -- on sirius in the u.s. this is bloomberg. ♪ [ engine revs ] [ screams ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] [ [ screams ] ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] are watching "bloomberg technology." french president francois hollande has condemned what he calls a war crime after the chemical attack in syria. france pushed for an international military campaign

i know the cia has the technology unit and the pentagon has an innovation center there.i think the challenge is really to try to get them to contribute to this battle against foreign information warfare threat. i think the social media companies in the titans out there were educated to some of the things i am writing about in iowa i think it would change their view on how to deal with these problems. dealing do think it's an opportunity for this and menstruation to invite members of companies there. to bring in the best and brightest. there are so many companies that understand that importance of cyber security and the information warfare has been an increasing threat with the u.s. do you think it's a opportunity for this administration. i think that's the first step that should be taken. a lot of times commissions like that can be oriented by the people you pick it will be done in a way that will create some real policy proposal. let's get some of the silicon valley people. and let's get them all working together. it is going to get a lot worse as we saw in the last ele

united nations. a i helped technology for -- i had an internet policy project mostly in the former soviet union. and the director of icann for the last seven years. presumably as a retired person. but in fact as nearly a full time person working with icann to help the domain name system and identifying system flourish. >> when you bring as he said, technology and the internet to another country how do you do that? >> it depends when you do it. i put in first computers in some african countries. it is working with vendors, making sure you have the right prerequisites like electricity. making sure that there is a process that they have to happen and people are dedicated to it. and then making it happen. with the internet is a little different. there are people in the country who are champions of the country. and we did that primarily when i was a trustee by training people and in developing countries how to do this, how to bring the computers online. hugs he developed their networks and how to give governance. we call the network administration at the time. work from the ground. we accelerated hel

. >> united realized that its policies, its technology, its training, were all inadequate. and they are taking steps to correct that. >> reporter: the new policies were outlined in this report released today analyzing what went wrong on the united flight 3411. >> no! >> reporter: other changes? united says it will only use law enforcement for safety and security issues and will now match delta's offer of up to $10,000 for voluntarily giving up your seat. but united says it will reduce overbooking and won't require customers already on the plane to give up their seats. now, the airline also committed to a series of customer service improvements and creative solutions will try to fly you to a nearby airline and drive you to the next airport and then drive from you there. they also announced a new lost baggage policy. if you lose a bag $1,500 no questions asked. if you think it's more than that you can submit receipts for more. and i understand you had some trouble at the airport yesterday some delays. >> got a little delayed from weather. that's what they said it was. but got

i know that the cia has its technology unit in silicon valley, the pentagon has innovation center thereo. i think that the challenges is really to try to get them to contribute to this battle against foreign information warfare threats. i think if the leaders of silicon valley and the social media companies and the titans out there were educated to some of the things that i'm writing about, i think it would change their view on how to deal with the problems. >> host: do you think that this is an opportunity for this administration to invite members of companies that are leading the way in silicon valley? i think it's a real opportunity for the trump administration to bring in the best and brightest, the googles of the world, ubers and would you think that's an opportunity for this administration? >> guest: absolutely. in fact, i think that's the first step that should be taken. they should form a blue-ribbon commission of experts. sometimes can be oriented by the people you pick. it has to be done in a way that will create some real policy proposals. i think that would be the first step

high-quality and sustainable jobs and industries that take advantage of the technological edge that has long characterized the united states. we renounce nasa to boost of science and advanced technology. in 2010 when we were doing this, we were trying to put the science back in rocket science. nasa has been spending the bulk of its budget on big rockets and space shuttles, using 1980's or 1970's technology. those big rockets were so expensive that the budgets were being drained out of space science, space telescopes, robotics missions, aeronautics. we rebalance that after quite a long struggle with the congress. another big focus and an early priority for the president was private sector innovation talent to improve the responsiveness of government itself. that was reflected in the quantity and quality of the talent the president brought into government from the science and technology space. growing much of it from the private sector, the civil society sector. the first ever presidential science fellows which the president brought in in large numbers -- presidential innovation fellows, who were very talented people