Good friday morning. Welcome to squawk alley. Im Carl Quintanilla dow is at 44 the Trump Administration gearing up for a major push on tax reform as you probably know. Chief economic adviser gary cohn giving a wide ranging interview to the Financial Times saying the president will start being on the road making major reasons to justify the reform. U. S. Managing editor for the Financial Times is here. Good to have you with us great to be here. A lot to unpack in this interview. Im curious to know what you consider to be the lead at this moment two keys. One key is obviously grabbing a lot of attention in the american political world is the fact that gary cohn has made it very clear that he disapproves of what the president said about the bill. Hes wrestled with his conscience about staying in his person or not. But as a jewish person he doesnt want to be pushed out neonazis chanting jews shouldnt replay us. But were interested as a Financial Times this new push on tax the fact that the
Arrangement underway for the white house, who directed the National Security team to maintain a high state of diligence. It will be coverage of the inauguration at 10 00 a. M. Eastern. Caroline coming up, the chipmaker in the crosshairs. We break down the case against qualcomm as the fight over licensing heads to the court. . D will snap open up the secrecy under the spotlight, and affairs to go public. In the tangled web, Succession Plan with several companies in total disarray. Colonel charges from j wiley. And first to the lead, a bloomberg skip, u. S. Regulators filing against qualcomm for using unfair practices. Digging into the details, the federal trade Commission Said they force apple to exclusively use it facetime in return for lowering the rate charged. The World Biggest maker of semiconductors was under investigation by the fcc. A major fine was possible. Swift on the news. Shares tumbling 5. 6 at one point, down 4 , 4 billion wiped off the capitalization. Now we have cory j
Sickness and health. Love and heartbreak. And covered california is there for it all. Not just to help keep you well. But to make sure the cost of being unwell doesnt ruin this whole life thing. Because its more than just health care. Its life care. Couple dots on live doppler 7, we will be tracking it starting 4 30 tomorrow morning until 7 00 a. M. You can download the app to help you track this first of three storms. Several days. Thats right, five days. Thanks, sandhya. That is our report, we appreciate your time. I am ama daetz, Jimmy Kimmel Live has vin diesel. Live has vin diesel. Well see you tom so tangles dont stand a chance. Because strong is beautiful. That cough doesnt sound so good. Well i think you sound great. Move over. Easy booger man. Take mucinex dm. Itll take care of your cough. Fine ill text you in 4 hours when your cough returns. One pill lasts 12 hours, so. Looks like im good all night ah david, please, listen. Still not coughing. Not fair you guys waffles are my
Supreme court and try to fight this and win this battle there. The other is they can pull back the executive order and make changes in it to try to make it conform with what the courts have ruled so far. The fact that we have four judges so far, two republicans, the initial Washington State judge appointed by republican president and then on this three judge panel, two appointed by democratic president , one by president jrj w. Bush indicates that the road ahead for this executive order may be difficult. So weve got to see what the legal team at the white house decides, also have to wait and see how the president decides to respond because the way that he is talked about the judiciary has raised concerns on capitol hill in both parties and will see whether or not he goes off on this judge ruling or with withholds comment and lets his legal team speak for him. As far as the Supreme Court goes, sean spicer, the press secretary has said in the past is something they would consider. There
Tech wreck. Down more than 3 . Underperforming the rest of the market. Its negative. And since check this out. The five Biggest Companies of the nasdaq 100 have lost a whopping 100 billion in market cap since trump was voted into office. Now, these have been the hottest stocks all year. So is the trump tech wreck a buying opportunity at this point . Guy adami, what do you say . Hi. Hi i think there are three reasons why you have seen the soft in tech. The first reason is a stronger dollar. The second reason, equally so, has been this huge rotation into financials, into material stocks, out of tech thats been working for quite some time. I think the third reason, maybe a little more nebulous but almost as important, as Interest Rates have gone up, the need to own stocks with dividend yields have gone down, and a lot of these tech stocks have great yields. I think this selloff i think the selling will continue in a lot of these names. But there are certain names out there, if they get to