ceo of viacom robert bakish.le 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 authorities around the country. i talked to one of the executives from the airport's council on his way into the meeting this morning. he said one of the items on his agenda for the meeting will be what they call a passenger facility fee. that will be a

investors seem to like the news sending viacom up 4% to 43.89. duncan brands returned to profitability in its latest quarter benefiting from higher franchise fees and royal income. the company also reported better than expected revenue and hiked its dividend by more than 7% to $0.23 a share but duncan ceo says there's more work to be done. >> we've looked at our menu and we feel it's too complex. we're doing a fairly extensive test. certain things will happen. we'll change them back again so it's a test but we want to streamline our menu, the results of that should be employees have an easier job which is obviously speed up transactions. >> dunkin' rose 4%. young brand topped estimates at its kfc and taco bell fast food chain. the company did note that it's pizza hut brand didn't perform as well and said improvement needed to be made. >> we're going to transform our assets, our technology, we've got to get better at operation anesthetize communications. there's a lot of things to do. i think what we're doing now is working with the franchisee. ob

anthony, viacom. why should that be on our radar today?well, viacom is kind of rekindling a bit of enthusiasm from the investment community. you have a new ceo and bob backish, the ceo, has a clear plan. there's hope, enthusiasm that if bob can put the right lieutenants in place that he can rejuvenate the viacom creative engine, so to speak, right? a couple of analysts upgraded the stock last month when they saw mtv ratings starting to turn. i think mtv ratings may have taken another step back in january. nickelodeon has remained very strong. the key for me is to take a look at the option of these networks, mtv, comedy central, vh1. they lost talent and viewership. can a new ceo forge a new path to improve those networks when you think about what people are watching on tv and the leverage that viacom will have with its distributors? i want to see domestic advertising return to growth. >> right. >> i want to be sure that it returns to growth and everything we've heard from bob is good. we want to see a few quarters of that improved trajecto

fox on monday afternoon and disney tuesday time warner lionsgate and viacom on wednesday.ot topics in focus, advertising revenue, the health of the tv bundle and what trump's presidency will mean for regulation and deal making. fox fresh on the heels of the super bowl will likely give an update on the big boost from the big game's ads and could face questions about turnover at the flag ship news network. lions gate about to boast for the benefits of "la la land" with a record seven golden globe win and 14 oscar nominations. time warner will focus on what and when the acquisition of at&t will close and what the telecom giant is getting in that dial. viacom is likely to focus on the turnaround plans under ceo bob backish on the heels of weak performance from studio paramount last year. the biggest focus will be on the biggest media giant disney, reporting after the bell tuesday. with lingering questions about the future of espn and disney's media networks division. it stusds yo coming off a record year with four of the top five films of 2016, and a number of big film franchi

viacom announcing rebranding efforts for its cable network.backish joined our own. >> is to have a continued evidence of improvement so it's not about a story one day or three months from now or the end of the fiscal year. we're going to continually put points on the board. six months ago the strategy was to essentially go on track to selling or at least half the studio. today we unveiled a strategy whereby paramount is an integral part of viacom. >> his other plans include a new focus on six flagship brands, each of those will create one to two cobranded movies per year and general entertainment channel known as the paramount network. mike, this jet essentials in the ways of mtv and its other properties. >> i think the street likes it to focus in but ultimately it seems like the company -- it's a bet on the future of free basic cable networks. it really does hinge on all that. they're not going heavy streaming over-the-top. they're not basically saying, we're going to let you buy comedy central all in for an app. >> if they strengthen the bra

go ahead. >> i'm closing my eyes. >> disney or viacom? >> i'll play the game with you. >> pete flagged this option activity last week. mike just did. i don't know if it is the same or different. there have been very effective in terms, its ability to foerng future. so for this game, the sake of the game. i think disney can gap up to this 120 level and then maybe fade. >> you know what? we all know the story line. the fundamentals of the company. when mike was laying it out, where are trades now as opposed to the past? it seems cheap. i think what they're doing at the park, shanghai will be huge. bob iger will be there. if he is extended, that will be huge. they started buying recently and they were buying in the june 15 ask 120s. they were buying in the short term action. i think the stock can break through the high. it is trading right around 111 and change. i think we see 115. >> we can see shanghai surprise. do you think that the stock should be trading, you know, at the same multiple it was two years ago? or even a year ago when thing

. >>> breaking news out of viacom.was well-telegraphed but now chairman and ceo practiced gray is forced to step down. he will remain with the country in the transition period, as viacom which had massive upheaval over the past year, starts its search for a new chief. shares are moving wer by half a percent. the problem was there were movie business issues. they didn't do great box office but they have a huge number of oscar nominations. so i guess owe couldn't win. >>> okay, now, this person milo yiannopoulos, who has been associated with far right-wing politics and the alt-right movement may have attract a lot of viewers but as "breitbart news" has found out, it does not necessarily attract advertising dollars. charlie gasparino is here on the business changes, rather immediate and breaking at "breitbart news" that helped spur the recent resignation of its controversial columnist. >> "breitbart" was once known as the news out let for the alt-right. steve bannon who was head of "breitbart" at the time, now senior advi

cheryl: news on viacom with paramount pictures.eporting paramount pictures, chairman around ceo brad grey stepping down with announcement coming as early next week. this is part of the viacom story. grey is at the helms. on disappointing box office bombs and teenage mutant ninja turtles, "out of shatter dose." "ben hur. they will put ininterim management team. david: okay. chylneed somebody at dinner able to pass the salt? why say it when you can text it? ? because, actually there's 5. aaaahh!! ooohh!! uh! holy mackerel. wow. nice. strength and style. which one's your favorite? come home with me! it's truck month! find your tag for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. >> modern convenience is tearing apart families. they text each other while they're in the same house. >> in the third of households people use their smart phones during mealtime according to report i can tell you how many fights i've had within my fam

thanks. >>> one of the stocks helping to power the s&p to now highs is viacom. yes.rging 25% already this year. david faber sat down exclusively with the new ceo. the street likes what they are hearing. >> yes, they liked earnings this morning. affiliate feed growth earnings up, providing momentum to the shares, and the new ceo at the company held the job for a number months, and it was a very difficult for viacom for years of mismanagement. he comes in and today present his new plan, his strategic plan for helping turn around the company, focused on creating six flag ship brands, most of whom already known, there ri that, nick, bet, nick jr., mtv, and comedy central. they will rename the spike channel and reprogram it to a certain extent to combine them with some of the more dominant cable network properties. all this takes time. i asked the ceo views on how quickly the turn-around in his mind can actually occur. >> my objective for vaccine is to have a continued evidence of improvement, so it's not about a story one day or three months from now or end of the fiscal

fox on monday afternoon, disney, tuesday, time warner wednesday, and viacom thursday.he health of the tv bundle and what trump's presidency will mean for regular sxlags deal making. fresh on the heels of the super bowl will likely give an update on the boost it gets. could it face questions about turnover at its flagship news network. lionsgate sense with likely to boast with the hit la la land. 14 oscar nominations. time warner's call is likely to focus whether and when the acquisition of at&t will close is that what the telecom giant is getting. via come will likely focus. the biggest focus will be on the biggest media giants disney. reporting after the bell tuesday with lingering questions about the future of espn and disney's media networks division. the studio is coming off a record year with four of the top five films of 2016 and a number of big film franchises ahead. last quarter ceo bob iger said he was confident that espn would department and succeed over the long term. near material the deals with some issues. we'll see what kind of report iger has tuesday af

in viacom, leadership has been in a flux state, you could argue yes.aybe twitter because you have half a ceo. >> real quick will you on the markets, we have a couple earnings to watch for. today, a little sleeper but it feels like europe will be the story again. >> overnight europe and asia. i mentioned gold perking up. i don't know that there's anything brewing because the corporate bond market is very settled and strong. i don't know if you're seeing signs of stress. things have been so calm for so long with tuesday equity index. >> thank you very much. dpits for "closing bell." "fast money" starts now. >>> live overtimes square, tonight on "fast," stocks are near record highs at one of the top strategists, julian emanuel said there could be a correction in the cards. plus, stocks still worth a buy. some of them are up more than 100% in the past year. and later, grasso has his eye on one stock that he says could deliver big profits for your portfolio. can he convince them to buy? he'll be taking to the mound for his very first fast pitch.

. >> i have to go viacom which is make a massive come back in hollywood. sacking mr.gray over the last couple of days things are changing. five or six core brands. >> i talked about gold. there's another metal out there, silver, slv. that's a thinker. >> cisco, they just had some good results. stock had a big run. 32 bucks. >> what tim doesn't know when the music plays stop talk. netflix, bam. >> that does it for us here on "fast money". thanks so much for watching. don't move. "options action" starts right after this break. >>> times square, the guys here are getting set up. here's what's coming up on today's show. >> that's when traders are saying about one hot trump trade. we'll tell you what is it and how to profit. >>> plus -- >> you want to see something really scary. >> look at shares of retailers and one name could feel the pain next week. we'll give the set up. >>> and, talk about a shocker. tesla shares are going in reverse. and there's one reason why they could go a lot lower. we'll explain. the actions starts

and viacome is likely to community on the turnaround plan from paramount last year. the biggest focus will be on disney, reporting after the bell on tuesday with lingering questions about the future of espn and disney media networks division, four of the top five films of 2016 and number of bill film franchises ahead. last quarter ceo bob iger was confident espn would adapt and succeed over the long term and near term the company deals with issues. we'll see what kind of update iger gives tuesday afternoon. >> thank you very much. with all eyes on disney, how to you play the stock beyond earnings? call to action. >> we're going to talk about the use of a calendar spread. one of the reasons you'll use spreads generally speaking, number one to reduce cost or risk. in this instance we're looking to profit from time decay and obviously always helpful, improving the probability of success. taking a look at this, we can see disney has had a very strong run up over 20% off its recent lows. the trade we're going to look here is going to be leaning in the same bullish directi

meanwhile, viacom yesterday announced that big plan to turn around the company.ively with ceo bob bakish and asked him about the new strategy. >> when i came in, it was apparent the company had some issues. we had some near-term performance things we had to address. and we've talked about them -- i've talked to on a variety of settings whether that's mtv u.s. ratings, paramount studio, u.s. distribution where some relationships are a little frayed, but fundamentally we have a lot to work with. six months ago the strategy was to essentially go on track to selling or at least half of the studio. today we unveiled a strategy whereby paramount is an integral part of viacom. >> yep, and they're going to stick with it and try and actually turn paramount around in a significant way. joining us here post nine pulitzer prize winning "new york times" columnist jim stewart also the author of "disney war." we actually heard from disney this week, jim. >> yeah. >> let me start there because you know the company's history well. iger may stay even longer. the whole idea of find

have broadcast network, you don't have some of the big cable networks from turner or discovery or viacommething that will change? ms. wojcicki: it's a new service, and it will change, but we are happy with what we have right now and i think we offer a great that of content available for a low price of $35 per six accounts. reporter: what is a differentiator between this and some of the other live services sling.lu, or directv or ms. wojcicki: we hope this is just a great experience. when the user uses it, everything works seamlessly across devices, that we have an unlimited cloud dvr storage, you can quickly and easily save everything, that you have no commitments when you sign-up, and that you have great search. we asare all things that a technology company have spent years developing, and now we are excited to bring this to tv. where does the normal youtube creator live within these services? is it part of it or is this part of the regular cable network? ms. wojcicki: we will have some youtube content as part of the service. we will also have trending on youtube available. we are excit

we have a news alert on viacom. >> that's right.ures ceo and chairman brad gray is expected to announce his departure within the next week. this according to a report by reuters saying that his departure from the studio would come after being at the studio for 12 years. and the studio has definitely underperformed over the past several years. this should not be a huge surprise, if it is indeed announced next week as reported. because continue coming viacom has been making a number of changes. and at one point it was considered up for sale so now we'll see if we get that departure. >> thank you. kathy ireland has come a long way since her super model days. you may want to pay attention. >>> welcome back. from super model to super mogul. kathy ireland has had lent her nail to over 17,000 products with $2.6 billion in annual sales. joining us once again, welcome. >> thank you. great to be here. >> i can't wait to hear what you have in store. >> are we doing the diamonds or the underwear first? >> all of it. men's from head to toe. swim

i'm thinking about viacom. no one predicted it would end up the way it did. i think we are going to find that there will be all kinds of, my goodness, we didn't know or some small thing here or there, but you will find that from this point forward, you're going to see two companies that could not operate as well as they are operating in their modes if they were together. charlie: do you think people know what xerox is? ursala: um -- absolutely. i don't believe people know what it could be. i think now -- charlie: what do you think they think it is? ursala: i think they think it is a copying and printing machine. nobody makes copiers anymore. but generally what xerox or simply what it is, is it takes many different forms of communications. the way we still handle it, you handle this way, i do, is on paper but that is not the predominant way anymore but it is the way that is still the most easy to describe and to understand and manage. xerox's job is to take all these different swarms of communications that come into a customer and to organize that and help the

if you look at some of the big earnings reports, you have viacom on the rise and whole foods on the rise, but coke and twitter utley low. -- oddly low. coca-cola coming out with numbers that disappointed. the company's earnings may declined as much as 4% in the coming year as it does a big overhaul. , interesting that the stock is on the rise because the company is forecasting same-store sales for this year that are not offering much hope of a recovery, but they are decreasing the number of stores. of course, twitter coming out with revenue that is rising at a lower rate and also forecasting not much growth in the current year, for profit. we will dig more into twitter, in a few moments. that is really taking center stage in terms of supporting the gains we are seeing. crude oil prices are on the rise, up 1.2%. goldman sachs says opec will succeed in eliminating the supply surplus and that will outweigh some of the supply gains we have seen in the u.s.. we have been watching bonds, which are reversing after four days of buying in the bond market that drove yields lower. we are seeing a l

. >> viacom big move. it's the real deal. more to go in this name.hanges. >> talk the other day about gm. let it shake out a little bit. it has. it's right where it was two days ago. i'd be a buyer. >> intel a couple more bad days like this you get it at 34 bucks that's a good spot. >> now prior to today have you ever uttered the name charles oakly and did you know who charles was? yes or no. be honest with the folks at home. >> yes. >> so deeply disturbing. >> any way. >> innnvidia is not deeply disturbing and it's going to go higher there. mark my words, folks. >> see you back tomorrow 5:00. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you. so call me at 1-

things that drove the dow, other movers worth noting viacom up 4 1/2%. working on a turnaround plan there. owner of mtv and come my central. last but not least, it is not a record day for twitter. they came out with fourth straight quarter of lower revenue growth. not even president trump could get this one up and running hot. it is down about 12%. melissa: nicole, thank you. david: we saw that one coming. stocks getting biggest boost by president trump's most affirmative comment when could see comprehensive tax reform. >> we're way ahead of schedule i believe and we're going to be announcing something i would say over the next two or three weeks that will be phenomenal in terms of taxes. david: blake burman at the white house. blake, you drove the story even further to your question with sean spicer, not only when it might happen, but what might be in a tax reform package. go ahead. reporter: david started with the sound bite earlier from the president today which he talked about tax reform coming but it was really about the business side he was talking

. >> now, the skinny package does not include any channels from viacom, or time warner.ans no cnn or hbo. while they may add more channels, they do have the content they need to appeal to a broader audience. >> so many questions. >> why would i need hulu to get access to the series available on nbc? especially when they're offering free dvr through the cloud? >> well, this is definitely a rival to a product that hulu has announced but hasn't launched yet. they announced they'll be doing a live streaming service. it will be a bundle of channels. that will be launching in the next month or so. this will be a direct rival to that. what is different here is that they're bundling in this youtube red content. so there is a subscription of youtube originals. and you can pay to get on a monthly basis. that will be included. the hulu audience, it might be a slightly different audience focused on the television product. where youtube will be going into the people who are baked this big youtube fans. i think they'll be going head to head. and it will be going head to head now. >> s

. >> bob bakish, ceo of viacom. carl, back to you for the start of "squawk alley." >> good stuff, david. thank you so much, david faber. it's 8:00 a.m. at twitter headquarters in san francisco, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ >>> good thursday morning. welcome to "squawk alley." jon fortt, sara eisen and myself at post 9. dow's up 101. record 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 infr

i'm thinking of viacom. no one predicted it would end up the way it did. >> we're going to find that there will be all kinds of oh we didn't know or some small thing here or there. but it will not, you will find that from this point forward you're going to see two companies that could not operate as well as they are operating in their modes if they were together. >> rose: do you think people know what xerox is? >> absolutely. i don't think people know what it could be. >> rose: what do you think it is. >> i think they think it's a copying and printing. and basically we don't, nobody makes copies anymore. but generally or simply what it is is it takes many forms of communication. what we handle it is this way on paper but that's not the predominant way anymore but it's the way that is still the most easy to describe for a customer and help them manage that in a secure and safe way. it doesn't create, it doesn't really do a lot of manipulation management in the eyes of the customer but it takes a lot of pain t

we've actually had i think a pretty interesting call on viacom if you haven't looked at that over theast few months. a lot of movement there. disney is facing a core headwind. people are exciting about movies. movies are incredible. they are hitting 20 out of 30. i'm not sure you could do better than disney's done over the last couple of years. and the slate over the next year looks incredible. but they can't outrun the fact that their cable network business is facing increasing headwinds. listen to what bob iger said last night. he made the best pick ever for netflix. he said as people downgrade to smaller bundles, skinny bundles, it frees up dollars to go buy netflix. >> i did listen to what he said. he said there's way too much pessimism around espn. he basically said the fears over the whole thing are way overblown. the stock is up 16% in three months. it seems as though investors agree with iger, that maybe too much negative has been made and that it's not going to be as bad as people like you think. a lot of your colleagues on the street have upgraded the stock recently. people

its also been a busy day for corporate earnings — with results out from coca cola and viacom — that'sck to hit record revenues for the current financial year. a new tv deal has meant income from television was up about 40% in the last few months of 2016. match day income has done well too — income from that part of the business is up 27%. and not great news for twitter — it's doubled losses in the last few months of 2016 compared to a year earlier. users were up about 4%. the company denied that user growth was helped by the us president's tweets. travel group thomas cook are being cautious about 2017 despite increasing their income at the end of last year. it's struggling with a changing holiday market. a weak sterling means holiday prices will be up as much as 9% this summer. let's get more analysis of those stories with richard hunter, head of research, wilson king investment management. thomas cook, we're in a period of lower sterling and travel companies are vulnerable. is there anything they can do about it? in terms of the share price they have done quite well. shares have been

morning, even if just fractional, we are certainly off hies of the morning names on move abate for viacomve expectations fourth convert of focus on 6 key brands including mtv "comedy central" as part of turnaround, viacom stock up nearly 7% premarket a big winner, new reports suggest the next generation iphone may cost more than 1,000 dollars, the top of the line model expected to feature a 5.8 inch led screen stainless steel sides glass back apple stock as you see up a fraction premarket, big story twitter, that stock down 10% on a revenue miss, job creation, just one of the things trump administration jam-packed agenda today, host of the "varney & company," stuarts stuart here with preview of his interview with mr. o to mr. triple digit trump kellyanne conway. >> i've got two subjects i want to go at with kellyanne conway, number one, how is the trump administration going to handle what amounts to the hysterical opposition, events you name it everything politicized intensely hostile to donald trump. i want to know how they are going to deal with this, numb two, i dot know whether existe

viacom up nearly 5%. parents of dunkin' donuts and baskin robbins. a lot of winners today.mazon, snap chat giving them a billion dollars. what's that. liz: a big move by senatechat in advance of the ipo. it's says it's going to spend a billion on amazon's cloud services for the next five years to use amazon over microsoft. it's in addition to the contract with google. ere's horse race between amson, microsoft and google. stuart: and amazon, jeff bezos vigorously against donald tru trump. and "the washington post." maria: jeff bezos owns washington post personally not amazon. it's the family. stuart: right there. gopro is near an all-time low. nicole, you want to tell me what's going on. nicole: gopro is a name that disappointed since the ipo. this week it's down almost 17%, they came out, and they missed it. there is a guy using a gopro. more people need to use them. they're not seeing the demand and goldman sachs noted for the holiday season, they had delays for their drone and also for their new camera. it's been a total miss since the ipo. down 75%. since the ipo in 2014

they're saying it's for the best that sherry redstone decided not to recombine cbs and viacom.e's on the hunt for more acquisitions. >> we'd like to look for more opportunities. more opportunities to build our existing businesses. our balance sheet is in great shape. right now so going forward we would like to get more scale. >> moonves also pointed to a number of new sources for growth, china where cbs is selling its shows, digital as well as channel inclusion in nu skinny bundles. moonves weighed in on the oscars where he witnessed the announcement of the wrong best picture. >> it's as big a screwup as i've ever seen. you know, as i said, all they have to do is give this guy an envelope and it says best picture and they didn't do that. so i'd be pretty annoyed. >> moonves says people will talk about these awards for a century. that didn't help ratings which were at a nine year low. guys. >> go ahead. >> yeah. >> as usual, we're sort of disagreeing here. i'm the big company guy. i grew up in los angeles. oscar a big deal. for you you're looking at the numbers. a nine year low

we mentioned fox and disney, but we'll also get viacom this week, time warner, twitter later in the weekys. >> does time warner, are they able to even talk about justice, david? they're just a thing of past -- >> yeah, i mean, time warner will talk about the regulatory review in order of extent and terms of timing and where things stand, the acquisition pending by at&t. not much more you can discuss on those fronts. >> right. >> the most of the people who i have spoken with who are experts in this area expect that based on the vertical integration that that deal represents it should go through the doj review. by the way, the fcc really has no role here given the lack of any broadcast of licenses, there's certainly not many. but you do have this continued fear that the president's opposition to his coverage at cnn will in some way influence the view of the deal. i think all of us hope in the media hope that is not the case. >> right. in the meantime, hasbro acts like it's just got a takeover bid. 13. i mean, hello. >> that is a big move. >> that is a huge move because the shorts are just

listen, paramount as a part of viacom could become a viable part of the company overall again if they to turn it around a bit. >> well, a long history of paramount was nothing but positive. >> and bob bakish, new ceo, is certainly putting in his team. >> well, i am shocked netflix, i just hesitate to think about anything they do wrong. i find that is the channel. on a treadmill yesterday, really fancy hotel, well, it's like tv, netflix. it was right there. right there on the bar of things you can watch. cnbc versus netflix. that was not easy. it was not easy. because while you were here, you weren't there. >> i was not there. >> but i watch you and then i switch to netflix, on the treadmill. couple hour workout. needed it. margaritas. actually margarita day. >> it is. got to get it done before the price of tequila goes up. >> oh, yeah, definitely. >> really quick, jim, toll is going to have its highest level since december of '15 looks like. >> good. so deserving. >> they raised their delivery forecast for the year. they beat on virtually every metric. >> oh, boy, the net sign contrac

viacom is a different story, up by 6%. upgraded wells fargo after estimates came in better.hest estimate also seeing growth in the prescription benefit manager unit of cvs. non-earnings related movers, we have tesla up by over 2%. suppliers will begin building be cheaper model 3 later this month. dojal up i almost 1% as the issued a subpoena questioning at anti-money laundering program. jpmorgan came out and said the subpoena is just a headline risk more than an actual threat. david: we will talk to airlines now. president trump is set to meet with the ceos of top airlines. with security and regulation related to the travel ban on the agenda for the meeting. kevin joins us from the white house. we are all focused on the immigration ban, i am sure that will be discussed. what else is on the agenda? kevin: the immigration ban will be discussed as well as job creation and subsidized financing. it is worth noting that ed bastian walked into the white house a couple of minutes ago. he has been on the opposite side of the policy fight with boeing in terms of aircraft financing. pr

coca-cola, kellogg, viacom, yum brands and twitter all report results before the opening bell. after the close, we'll hear from blizzard, expedia, news corp. and incoming coca-cola ceo james quincey will join "squawk on the street" at 10:30 eastern. >>> the snow is already starting to fall. a winter storm threatening to drop a foot of snow on the northeast. public schools are closed in new york city, boston and philadelphia as well as my hometown of west chester. 2700 flights have been canceled. near whiteout conditions are possible. snow expected to fall at a clip of 2 to 4 inches an hour. following the snow, high wins could bring gusts of 50 miles per hour, leading to power outages. temperatures expected to drop into the 20s across the region. we'll get what excites weather folks, called thunder snow. does it excite you? >> i'm a weather geek. thunder snow is like the be all end all of all the -- >> it's a real thing? >> it's a real thing. >> sounds sm s made up. >> no. you get thunder. the snow thumps down. they're talking about snowfall waits of 2 to 3 inches per hour. >> i

but viacom and national resources did beat the bottom line. cliffs natural resources up, fromis on-demand steelmakers. whole foods market also trading higher, despite the fact that they put up a messy quarter. investors are excited for the new plan. and regeneron, bloomberg told ournce analysts team earlier that what investors might like here is the fact that management said there is likely with thes conservative new skin drug. so lots of green on this snowy day. vonnie: snowing and hailing, it is everything. president trump is promising the nation's airlines new infrastructure and less regulation. he met with industry executives today at the white house. them they aretold regulated as much as anybody and he said in the next 2-3 weeks, he will announce something phenomenal in terms of tax. jeff sessions is the new u.s. attorney general. the former senator was sworn in after being confirmed by the senate last night. trump used the occasion to sign executive actions on transnational crime and crime and public safety. the president's choice for t