plus, the welch way. we get you back to our guest host jack welch. on the economy, markets, and of course president trump. stay tuned you're watching "squawk box." ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >> welcome back. to "squawk box." disney was downgraded to neutral now from outperform. this after macquarie, as well as continuing subscriber declines at espn. and cnbc has learned that amazon is breaking in to the pharmaceutical space, or attempting to. company hired a general manager to lead a new team and formulate a strategy and is in deep talks with industry experts. amazon recently started selling medical supplies and equipment in the u.s. in april reports said the company expanded its prime now delivery service in japan to include the sales of drugs to patients. wit

martha welch. >> the brain is developing at a very rapid rate, especially at the end of pregnancy, in last trimester. when the baby is born early, the baby doesn't have the same environment that promotes that growth, and in fact, the baby has the opposite: isolation. the child is bombarded with sounds and light. it's antithetical to what the brain needs and the child needs for development. so, what we're doing is trying to make up for that, to the greatest extent possible. >> brangham: for the past few months, we've been following the ilie family and several others as they've gone through this study. elia cardenas found it hard to feel like a mother in this clinical setting. >> how are you supposed to bond with the baby that's behind a glass? you can only put your hand in there and touch them, but you can't hug them, you can't hold them. >> brangham: but in the study, cardenas learned how to touch and connect with her sons. >> brangham: miguelina tavarez was taught that a simple cloth, one that smelled like her, another that smelled like her still-hospitalized daughter, can calm both

lloyd lee welch will go on trial. he's been indicted on three additional accounts for a 1966 assault in woodbridge. police say welch was visiting the girl's mother at the time of the attack. the now 27-year-old victim could be called to testify. >>> 4:50 now. thieves claiming to be with a charity are swiping laptops from stores. montgomery county police just released surveillance photos after four laptops were stolen at the apple store. one man distracting an employee while asking to make a purchase. while a second man grabbed a lap torp and ran. police are looking into the opportunity that the same men pulled similar scams in connecticut and new york. >> if you're worried about the health effects of putting a cell phone tower you don't have to worry anymore. according to the school district milestone communications with drew proposal the proposal for a cell phone. it came after the school complained to the company that it lacked transparency in the process. >>> you know that being a working mom is extremely tough. oh

martha welch. she says that while much of this seems like the standard care offered to premature babies and their parents, here the focus is 100% on strengthening the emotional connection between mother and child. >> it's not cerebral, it's visceral, it's gut feelings. and, they're beginning to set this pattern of calming each other. >> brangham: it seems so basic. >> very basic. >> brangham: for the last few months, we've been following several mothers, and their premature babies, through this process. neonatal intensive care units give these children a better shot at survival now than at any other time in history. in the early '90s, a child born as early as 23 or 24 weeks was unlikely to survive. now, they routinely do. but despite that, leaving the womb so early still puts these kids at high risk for emotional, behavioral and developmental challenges. this intervention is meant to help minimize those impacts. >> you make momma feel more comfortable now. >> brangham: nurse mary mckiernan says ste

matt welch is here with me in studio, an editor-at-large at "reason" magazine. john kelly's pushback on criticism is often the same. it's no big deal. h.r. mcmaster has even suggested that why wouldn't we want more channels with srussia. but is this line of communication described in "the washington post" that jerrod cukushner communicating through the russian embassy in washington is that typical? is it atypical? really weird? what is it? >> it's completely aat this pointcal. it's really weird and, in fact, you noticed there are two line of defenders. you have the ex-generals who were appointed or active generals that were appointed by donald trump who cameut a spouted the party line that there is nothing wrong with having back channels. that is correct. there is nothing wrong with having back channels. usually the state department handles back channels at a -- above the ambassador level and secretary of state level. this is not that. this is a citizen attempting to establish covert communications using russian secure systems inside a russian facility in order

emily: joining us now, david welch.g,d fields do especially when it comes to self-driving cars? what do they think hackett can do better? david: the stock prices have been down. earnings have been down. they have been pulling down the forecast while general motors is raising a forecast. you are not seeing big company stocks down as much. ford felt a lot of pressure. when you look at the self driving car side of the business, they did not have a clear direction or mission. those were questions ford wanted answered. g.m. has units they have acquired. they are testing in san francisco. they have a piece of lyft and our experiment in with putting those in the fleet. they have clear things they want to do with this. they have their own business maven. ford does not have any of that clearly laid out. i think they want to see some direction. emily: are we expecting job cuts at ford? >> they announced they would cut 10% of the salaried staff globally. i don't know that they will be cutting more. costs have gone up in the past t

it's raquel welch.wore a brunette wig to do raquel's action scenes. >> by the late 1960s, ann calvello has been burning up the roller derby track for two decades. jim fitzpatrick is a young boy watching tv when he first sets eyes on the demon of the derby. >> it was 1968. >>those of us who loved him... >> bobby knedy was assassinated, and it was a saturday morning, and they had the funeral procession, which was airing on all the channels. >> the only alternative for a sports-crazy kid... ...an independent tv station airing a raucous battle. >> they were skating at this wild, blinding speed, hitting each other, banging each other. people are falling. >> he's hooked and unable to avert his eyes from the veteran vixen with the bod of a 25-year-old. his strange inheritance contains the proof. >> these are her shorts while she was on the midwest pioneers, and she was already at this point, 41 years of age. >> they're very, very, very small. >> "if you got it, flaunt it," the saying goes, and ann does. >> i w

. >> the jack welch approach to being number one or number two, and if not, why are you there? >> the best people come to a firm like that. we are able to make things happen from that position of strength. >> you are not thinking about expanding it to any other businesses? >> no, we're not. >> within those lines that you are currently in? >> strengthen, strengthen, strengthen. >> the quantitative strategies have been remarkably successful for hedge funds. two that come to mind are sigma.sance and t- will they be a bigger part of your business? >> they are a big part of our business and has been for a long time. their ability to synthesize that amount of data and information to create pretty did -- predictive forecasts is beneficial to our organization. finally assets have dollarsed at 1 trillion after the fallout from bill gross's exit. many roman has been in the job for six months. he says it is important to look forward, and not backward as it grows. in an interview with john micklethwait, roman made the case for why they still have an advantage. >> fixed income indices turn

erik: jack welch, the approach to being number one or number two, then why are you there. mr.riffin: counterparties come to a firm that looks like that. we are able to make things happen from that position of strength. erik: so you are not thinking about or interested into expanding into other businesses? mr. griffin: distinctive different from our current lines? no, we are not. strengthen, strengthen, strengthen. erik: the quantitative strategies have been remarkably successful for other hedge funds, more than a couple. the two that come to mind are renaissance into sigma. will that become a bigger part of your business? mr. griffin: it has been a big part of our business for a long time. both those firms are extraordinarily good at what they do, and the ability to synthesize fast amounts of data to create predictive forecasts of securities crisis is important to our entire business. ♪ erik: that was ken griffin, ceo of citadel. attempt coke, assets have stabilized at $1.5 trillion after the outflows that followed bill gross's exit. the new ceo says it is important look forwa

welch clouds in the region. to the west we have breaks and we'll see them push into the western suburbs this afternoon. a big difference in temperatures. down to the southwest we have a warm front and warmer air breaking out. 74 in washington. richmond, virginia, 81. what a difference about 100 miles makes, up in philadelphia, 61. it's going to be a struggle for the warm air to push up into our neck of the woods. if we get 70 it will be around the dinner hour before we translate the warm air in the region. there's not much wind. 6-mile an hour breeze that's coming off the ocean adding extra drizzle down the shore. today's high, a hopeful 70 late today. whether or not we hit it will be below the average high of 78 degrees. overnight low of 58 is right on average. guys we do have warmer air coming back into play over the next couple of days, i'll have details on that in the exclusive accuweather seven-day forecast. >> we'll check back in later, thank you. >> reporter: well, the rainy weather did not stop hundreds

." >>> and according to jack welch, giving the president high grades for policy.ow grades for communicating's what the president needs to do to get his house in order and agenda back on track, next. >>> good day, everybody and welcome to the second hour of "power lunch." i'm tyler mathisen. here is what is on the menu. no lunch, continuing to watch a major sell-off for stocks. dow down about 290 points. nasdaq off about 2% on pace now to be the biggest sell-off since last september. the markets fearing the newest revelations about president trump, that they might derail or at least delay his tax cutting agenda and more. even some republicans calling for a big investigation now. is his management style just not right for the oval office? and gold and oil both moving higher today as the dollar moves lower. is that where you should put your money now? we'll talk to goldman's top commodities person. "power lunch," hour number two, part deus, begins now. >>> as you know, a sell-off on wall street. get a closer look at what is moving. a lot of it on the dow at least dri

police believe lloyd welch sexually assaulted a child in 1996. if convicted he could face live in prison. a man accused of car jacking a woman in fairfax county. john russell alluded them for more than two hours. russell car jacked a woman at the bp station at telegraph road and east drive. former episcopal bishop convicted in raised tonight deadly dui crash in 2014 was denied parole keavment heather cook pled guilty to vehicular manslaughter leaving the scene of an accident driving under the in r incident entexing while driving. she is serving a seven year sentence. >> the driver of the train derailment will not face charges. eighteen people were killed, more than 200 others were injured. there is noúevidy at the time of the crash. d.c. is the place to be. destination d.c. says a record number of people visited the nation's capital h this knows, maybe we've already had 20 million people so far this year. they stopped by and they spent about $7.3 billion on retail, dining and entertainment. >> after a batch of botched tests, the results of the re

energy and commerce, shei was vice chairman -- took the lead with a privacy working group, and peter welch and i cochaired that in a bipartisan manner. you may remember last year, we had a data security bill that made it out of committee, but we never got it to the floor. people are ready to see something come forward from us onthe issues of privacy and data security. certainly now we are beginning to have not only states but cities look at privacy regulation, and they are doing it because the federal government, because congress has not taken an action, and now that the privacy issue will not is atwo regulators, which good thing -- we are going to has one, and the ftc historically been the regulator of privacy in both the physical and virtual spaces. we think it is important to have one set of rules for the entire ecosystem and one regulator for the entire ecosystem so the in charge,now who is so consumers have that protection. i think our consumers deserve to toolbox of full tools that they can use to protect what i call their virtual you, their presence online. this is a way that we can

the fog tas in san francisco for the commute as welch it is a going to be patchy in nature but watch out for that if you are crossing over any of the bridge into the city. forecast cools tomorrow. i think it will be noticeable. but it's definitely not going to be cool outside. it's still going to be a warm day. 84 expected in downtown san jose. for the east bay we still have a few 90s, antioch and concord. 88 in pleasanton and 74 in oakland. peninsula, 81 in palo alto. and a chilly half moon bay at 60. san francisco remains in the 60s from the embarcadero down to the mission. north bark 83 in novato, 76 in mill valley. down a couple of degrees for tomorrow. then we will see another reinforcing shot of colder air this week. that's what's going to give us a major dooldown as we head into the extended forecast. no big rainfall with this but as the cold front moves across we will likely continue to see areas of drizzle at times. again that drop in temperatures, down some 25 degrees by thursday. with this system coming our way i thought it would be a great time to take a close look at the

the one thing i was talking with jack welch this morning when jack welch -- we both admit, i mean, remember our companies have had to guide down numbers because of the dollar. so when you see a weak dollar, you should not just say, oh, no. because it was the strong dollar that was the problem. so when you think about apple, apple there's a couple notes out today saying things are good. i know we'll get to faber report in a moment. maybe they don't have to guide down. coca-cola. they have hedged against the euro, but i'm saying the big international companies, they have been waiting for the dollar to roll over. so when you hear the dollar rolling over, don't panic. now, the one thing that's been broken is that we used to say with a weak dollar oil should go up. oil is holding in. but that's a supply issue. you know, i'm trying to find a place to put oil. if you have a place to put it, there's no place. natural gas -- >> our house is off limits. david's is too. >> you can't fill your basement with oil? >> i prefer not to. >> beware that a weak dollar it's kind of what these guys wanted. now,

. >> reporter: marine biologists and owner of sanctuary cruises doris welch has studied whales more than 20 years. >> things are really increasing as far as whale activity goes here out of moss landing. in the last month we have had a significant increase in the number of whale sightings and consistency. >> reporter: here is an example. right now you can see three humpback whales blowing and diving back into the water. we are only less than a mile from shore. in fact, right outside of the harbor mouth in moss landing. >> this year we've had a lot of strong winds and waves and upwelling of nutrients and so we have more food. >> reporter: that's why she said we're seeing so many humpbacks this time of year. this last month has also been an unusual month to witness another spectacular show of nature, more killer whales attacking and killing mother gray whales and their calves. it's what's happening here. captain mike stack took this video of a gray losing her fight against a pod of orcas and blood coming to the surface. monterey bay is perfect hunting ground as gray whales make their way up

got too many business ventures. >> you've upgraded from me to jack welch tomorrow.was thinking about something earlier. how many of these brands are out there? >> it's a $1 trillion plus market of food and beverages. >> you can always launch something to take market share away from the established. >> go to the stores today. we know that protein is king. we know that sugar is public enemy number one and everything in the store today is fundamentally wrong. everything is high sugar, everybody is high carbs and low protein. what people are looking for doesn't actually exist as much in stores as it should. that's why it's getting changed up. pepsi, for example, 2025 they want 2/3 of the beverage portfolio to have less than 100 calories per 12 ounce serving of added sugar. >> what's a big consumer products company develop their own brands. what is it about having an entrepreneur doing it and you investing into it as opposed to a big company knowing what they need in their own portfolio? >> three things. one, entrepreneurs generally are a source of original ideas, better

and matt welch also here, reason * magazine. welcome, everyone. how do you think james comey did? is he doing the sort of executive version of a law enforcement version of hillary clinton's constant denial about the election rehashing his decision to make public and send that letter. >> i think he would be happy to never talk in public again. but he's dragged up there by lawmakers. the parts i was watching, he just kept saying i'm not going to answer that. i don't think he feels comfortable in that role. sure he doesn't want to be blamed for it. i don't think a single person can look out and say james comey did we solid last year. everybody has something to come plain about. kennedy: hillary clinton as you points out, warned the world what donald trump would do if he won the popular vote yet lost the electoral map. what do you think hillary clinton is doing now? >> that's what we were warned about. with hillary and all the democrats saying when he loses the election because they were very overconfident, he's going to fly in the face of democracy and complaint was rigged. then she

will go a lot of training and support to strengthen our partnership with the saudi armed forces as welch further strengthens our relationship. the package of defense equipment and services supports the long-term security of saudi arabia in the entire gulf region, in particular in the face of maligned iranian influence and iranian threats, which exist on saudi arabia's borders on all sides. additionally it bolsters the kingdom's ability to provide for its own security and contributing to counterterrorism operations across the region. the important part of this is this huge arm sales package reduces the burden on the united states to provide this same equipment to our own military forces and will strengthen saudi security forces for the future so that saudi arabia is more capable of carrying a greater share of the burden of their own security, which as i indicated is important to the u.s. national security as well. so it lowers the demands on our own military, but it also lowers the cost to the american people of providing security in this region, so extremely important to the future of th

vonnie: our thanks to david welch.s are up 1.5% i want to let you know we are awaiting comments from israeli prime minister benjamin netanyahu and u.s. president donald trump. you can see the podium set up for remarks. we will carry those live on bloomberg tv. also, follow at tv . this is bloomberg. ♪ , 1it's 1:00 in washington a.m. in the morning in hong kong. from bloomberg paz world headquarters in new york, i'm david westin. welcome to "bloomberg markets, the trump economy." here of the top stories we are watching. after the extravagant multimillion dollar -- multimillion dollar deal with saudi arabia, president trump moves on to symbolism in jerusalem with political minefields. we are waiting for the press conference featuring president trump and benjamin netanyahu. commerce secretary ross says that he can't imagine a business as this one for the united states. the trump administration presents its budget tomorrow. it is expected to have cuts of close to $7 trillion, but it may not matter, as republican say th

tomorrow john stossel, matt welch and tom shillue. >> two eccentrics from new york's disco days. >> ifaird's list, your social life was assured. >> two oddball art collections. >> all right. >> mel brooks, david bowie, art carney, muhammad ali. >> but the weirdest thing about this story... >> and it's really solid. nothing's going to fall off. >> ...is how the square from the burbs ends up with both. >> i can only imagine this driving around the streets of new york. >> will this two-for-one strange inheritance -- >> i've got $150, can get a $175? once, twice. first piece sold. >> ...ultimately add up? [ door creaks ] [ wind howls ] [ thunder rumbles ]

let's bring in my stain-resistant party panel with matt welch, jimmy failla, and w.w. superstar dolf ziggler. what has to happen to calm the murky watter what waters in ame. he's supposed to give a speech in saudi arabia about islam. it's hard to see it as a super low-key affair. ken there are no one needs an exposition from you on islam. >> in theory this should be the moment when he goes away and things calm down. mueller is taking over the investigation. we are going to slow these things down. but he's not comfortable in foreign policy settings generally speaking. healthcare he doesn't know. and says funny things. foreign policy he's actively uncomfortable and he feels like people are trying to trip up every one of his words. he just had the russia thing in the white house. so there will be pressure on him. kennedy: remember mark sanford and he said the president suffers from a pattern casualness. if he repiece that pattern on this trip overseas what will we see. >> he won't get arrested from the scrutiny. this will be the most watched foreign trip ever. the potenti

peter welch off of this committee, can you give me any indications why the reimbursement policy makes sense rule environment and what do you see on the horizon, pro-numplaps and cons. >> the low-volume come medicare defendant. sweetie reimbursement policies. the people who actually -- support that in concept. the way it was implemented was not the way to implement. here is the way to think about it. both of you have 1000 person hospital and the thousand admit hospital, no volume and that means we are struggling with fixed costs. the way it was implemented, medicare admission, if most of your admissions are medicare but only some of mine, i get help, you don't and we both might be in the same boat, we are thinking reset the metrics so it ties to total admission. we have ideas where the cutoff should occur. the other thing i would say on medicare defendant, they are aimed at the same objective, helping the hospital that is struggling with fixed costs. we are concerned about duplication, hospitals are pulling bulk and that is not an exact use of federal dollars and the hospital issue the

welch: mr. speaker, president trump was elected by rural america. this bill betrays rural america three ways. health care, 24 million-plus are going to lose their health care. many of them in rural america. second, it takes health care dollars and turns it into a tax cut. $7 million for the wealthiest families in this -- 400 families in this country. third, the tenant of rural america is we are in it together and that means if you're born with a pre-existing conditions, you have a pre-existing condition, we are going to be there for you. this bill turns its back on rural america, the people who stand up for one another and believe we are in it together. you're not on your own. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from georgia. mr. collins: mr. speaker, i appreciate it but it is amazing the concern for rural health care now. obamacare, rural america it's down to one provider. that's not a choice. i yield 45 seconds to the gentleman from pennsylvania. the speaker pro tempore: the gentleman is recognize

and matt welch. >> announcer: the following paid presentation is proudly sponsored by samsung, deliveringn and technology and quality connected home electronics, appliances, televisions, computers, and tablets. samsung -- bring it home. how would you like to come home to a house that is fresh and clean? it just feels brighter and fresher. how would you feel about your home if it always seemed housekeeping just left? happy? relaxed? how about if your carpet and floors were vacuumed automatically or even on-demand? the future is here. >> as a mom and as a woman who's in charge of keeping her house clean and tidy, you definitely need one of these. i mean, you can turn it on, you can leave the house, and you can return home, and your house is cl

and matt welch.>> a babe who photographed babies... >> she would get them to do the craziest things. >> ...becomes a celebrity herself. >> people knew her by name. she was a pin-up. >> there were definitely stories of skiing with the kennedys, definitely a lavish lifestyle for sure. >> what was her secret? >> isn't she adorable? >> what a winner shot. >> is it still gold today? >> is this collection potentially worth six figures, seven figures? [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪ >> i'm jamie colby, and today i'm in littleton, colorado. it's a suburb of denver that,

let's bring in my stain-resistant party panel with matt welch, jimmy failla, and w.w. superstar dolf ziggler. what has to happen to calm the murky watter what waters in ame. he's supposed to give a speech in saudi arabia about islam. it's hard to see it as a super low-key affair. ken there are no one needs an exposition from you on islam. >> in theory this should be the moment when he goes away and things calm down. mueller is taking over the investigation. we are going to slow these things down. but he's not comfortable in foreign policy settings generally speaking. healthcare he doesn't know. and says funny things. foreign policy he's actively uncomfortable and he feels like people are trying to trip up every one of his words. he just had the russia thing in the white house. so there will be pressure on him. kennedy: remember mark sanford and he said the president suffers from a pattern casualness. if he repiece that pattern on this trip overseas what will we see. >> he won't get arrested from the scrutiny. this will be the most watched foreign trip ever. the potenti

let's bring in cnbc contributor suzy welch and linkedin editor in chief. welcome to both of you. few surprises on this list, dan. uber being so high on it, people who have been there are not immediately heading out the door. >> engagement on jobs. people, companies post jobs, looking at those jobs and are they applying once they see the job? staying at the company once they get hired? are they researching the company, reading what the company is putting out? seeing softening since we closed the list. numbers are still year over year looking at apply iing at uber. >> i have to admit i was surprised to see comcast, nbc universal at netflix a place where people want to work. what's the overall message there? >> part of what's driving. probably what it's got going over netflix there are fewer jobs at netflix. >> yes on uber, are they giving them equity in the company? is that an appealing factor for young millenials? >> that is an appealing factor. carolyn fairchild looked into it. the reason people were looking at it people are changing jobs more frequently than ever. millenials wil

so much i had taken for granted until i joined what my friend jack welch called the zipper club. band of brothers and sisters with the big scar on their chest. i had taken that for granted like i did breathing for granted and moving through life for granted. yes, living for granted. it's trite to say now, disease of any sort brings you back to earth. maybe because it reminds you of the relatively short time we have on earth. an earth that moves on even when we stop. but sometimes stops to check in even when we hurt. that is where a lot of you came in. folks in this room came in. i will never ever forget all of the cards and letters, the packages -- great packages -- and the kind words from so many of you. yeah, even liberals. people i never met, but whose decency and simple decency i will never forget. i remember hearing from a man about my age who said that he too had just gone through open heart surgery. he wrote, cavuto, i'm looking forward to your first day back. responding to those viewers that will no doubt say they were surprised you even had a heart. laugh at them, he sai

lloyd lee welch will go on trial in september for the killing of two. now we've learned he's been charged with two additional assaults in woodbridge. if the judge allows it, the now 27-year-old victim could be called to testify in the murder. >>> thieves claiming to be with a charity are swiping laptops in stores. it happened here in bethesda on march 28th. montgomery county police just released these surveillance photos after four laptops were stolen at the apple store. one man distracts an employee while asking to make a purchase for a charity. while laptop. looking into the possibility of these same men did similar things. >>> a teacher was accused of sexually abusing a former student. it happened at another school 20 years ago. according to "the washington post," the administrator who hired michael henderson knew in some part about the allegation but hired him anyway. the school quickly removed the veteran music teacher after receiving a call about the alleged abuse. then center a letter home to parents apologizing for their, quote, grave lack of ju

neil: that is jack welch, telling me, peter. get caught up, revenues are there down the road. i don't know if they pay for themselves but economic activity will change the perspective. giving coming from slow growth rates. you get more bang than you traditionally would for the buck, going 2%, to 3% growth, is a 50% leap in economic activity? >> you hit on it. one of the things you got to believe. we talked with great excitement about the trillion dollar infrastructure we'll spend in the next 10 years. might be interesting to contrast that with china. last year, china spent a trillion dollars. year before that, a trillion dollars. year before that a trillion dollars. so they are making a bet, every year, in fact for next 15 years, they will spend a trillion dollars on infrastructure. why? they believe if you spend it the economy will grow. you can't spend it and put 14 anchors on it to prevent the boat from sailing. that is one of the problems we're having right now. neil: only thing that i worry, inget angry emails from people,

emily: we caught up with bloomberg's david welch for more. >> what really hurt was the stock prices wentuch. their earnings have been down, they have been pulling in their forecasts, while general motors has been raising. peaking, butet is you aren't seeing the big company stocks down quite as much, and the board felt a lot of pressure. when you look at the self driving car side, that didn't have a clear direction. in the case of gm and others, you have business units they have acquired, they are testing cars in san francisco, they have a piece of lyft and are experimenting with putting those in the fleet. they have some clear things they want to do, they have their own business maven. for ford it is not as clearly laid out, and they wanted some direction. emily: are we expecting job cuts at ford? >> they already announced they would cut 10% of the salaried staff globally. i don't know that they will be cutting more cost -- they have gone up in the past years, so you could see more. the executive team can look at costs. you could expect there will be more executive changes and more cutba

it stars me, salma hayek, raquel welch, and eugenio derbez. i brought a clip.drunk with power and above the law so here we go. this is my character cindy letting the aforementioned latin lover, maximo, down easy. >> you're not attracted to me? >> no. >> really? >> not at all. no, i'm attracted to like really good-looking guys. guys with like great faces and great bodies who are muscular and handsome and younger, much younger than you. and tall. a lot taller. but that's just me. [ laughter ] [ cheers and applause ] >> kristen: "how to be a latin lover" is in theaters now. guillermo, how do you be a latin lover? what's your secret? >> guillermo: drink a lot of tequila. [ laughter >> kristen: all right, you heard it here first. tune into this show tomorrow night. i won't be here i'll be wearing sweatpants at this hour but david spade will be sitting behind the desk all night long. then jimmy will be back next week. [ cheers and applause ] right? speaking of jimmy. i would like to encourage everyone watching to make a donation to children's hospital los angeles. [

prince william county police says say welch was visiting the girl's mother at the time of the attack. if the judge allows it, the now 27-year-old victim could be called to testify in the sister's case. >>> in a cell phone tower near a high school in prince georges county won't be going up. according to the school system, milestone communications withdrew its proposal for a cell tower at eleanor roosevelt high school in breen get after school ceo kevin maxwell complained to the company that it lacked transparency. we've all waited far metro train longer than we thought but it looks like some were longer than others. in march, the blue line ran on time only 45%. on the yellow line 53%. the green line had the most online trips. metra says it does want to improve to get the numbers to at least 75%. >> tonight a lot of you will be locked into what is the biggest day in d.c. sports in a long time. >> can't wait, the caps, wizards and nats playing tonight. excitement at the ice presidential electiplex, how's it going? >> reporter: good morning, we found fans who came in from as far as way as

and the great jack welch will join us.ive us his insights on everything from what's going on in dc and the impact on the markets. big show ahead at 6:00 a.m. we'll see wilfred of course later on. >> you will, indeed. looking forward to that. "squawk box" starts in about seven minutes time. futures down just over 100 points. 110 points the decline for the dow at the moment. with us is michael purves. thanks for being here. today is the first time we've seen equity markets react to the political developments. is that a concern for you? >> i'll be intrigued to see the pace of how the new cycle unfolds. we'll have an overlapping news cycle coming out of washington, d.c. there's so many different issues. i'm not sure it's a recipe for the vix to shoot up to 25 or 30 soon. if you go back to the 1963/'64 time period, you had all sorts of the political events, including the assassination of a president. volatility didn't move that much during that period. for much of 1963/'64, volatility levels were almost half of what they were r

if jack welch were sitting in this chair he would say good employees are people that are valuable to him, he would wait a while before he would make a decision to let people go. i don't see it as a long period of time but maybe it is. >> if somebody comes and gives you that type of urgency, he could be compromised by russia and there is no curtailment of his activities. palestinian was right by the president he's side and the president in very, very sen sensitive meetings. you're making an assumption i can't make which is the president knew and asked for some kind of due process. all we know is mcgann knew. why do you have any confidence this went up to the president and they made a call? >> i honestly don't know if it did or didn't. what i do know is the president's personality about leadership and loyalty, how he thinks about his people and what he cares about. and what i love about the president he really cares about people first more than he cares about that sort of nonsense that goes on in the political arena. also, i think -- >> loyal to a fault here? this isn't, we don't like

the independent counsel law, which kenneth starr filed a report, lawrence welch fired a report on iran contra. it is possible that he could file a report based on his investigation. >> u.s. attorneys have been much criticized for doing that. the job is to indict or not to indict. and what i'm concerned about, is that mueller has so much credibility, he may actually tell some of these congressional committees, please, limit your investigation, don't mess around with our investigation. >> don't people have the right to know if the president of the united states tried to stop an investigation? >> i think they do. and that is why even though it has the potential to really hurt a president in their own party, republicans, who run these key committees on capitol hill, particularly in the senate, were trying to get james comey and still are trying to get james comey to testify in public, and the pub thing i think we should underscore, which we mentioned a little bit, is how close james comey is to robert mum mueller, and the folks likes lindsay graham and the subcommittee chair were not able