John ford has the morning off. We start with this big story about big business and the white house. Two of the president s Advisory Councils disbanding after multiple ceos dropping out citing the president s response to the violence in charlottesville. Among the ceos speaking out, jamie dimon, jeffrey immelt, mary barra, etna ceo mark bertoli bertolini. I think well talk to bob crandall in just a moment, guys, but were all trying to process the dramatic decision, how it went down, a lot of good cnbc reporting on that and what the significance of this move is going to be. In practice and also symbolically in the statement that it sends to the president and the white house. We clearly havent seen anything extend into the administration and markets are down half a percent or so but over the course of the last week as a whole, were up about three quarters of 1 for u. S. Indices. Reuters now has the headline quoting a white house official that gary cohn intends to remain in his position as
Good thursday morning. Welcome to squawk alley. Carl quintanilla with jon fortt and Kayla Tausche at post 9 of the new york stock exchange. Joining us, Business Insider ceo Henry Blodgett. And in minneapolis, bill george, former medtronics ceo, former exxonmobil board member, of course a cnbc contributor. Good morning, guys. Our first story is amazon today, announcing it will create more than 100,000 new fulltime, fullbenefit jobs across the u. S. Over the next year and a half. Our deidra bosa is at one market with more on that. Hey, deirdre. Good morning, guys. Amazon was already on track to become one of the largest employers in the country and this announcement confirms that trajectory. The company emphasized that the opportunities will be for people across the country and with all types of experience, education and skill levels. Ceo jeff bezos says these jobs are not just in our seattle headquarters or in Silicon Valley. Theyre in our Customer Service network, Fulfillment Centers a
Jon fortt and Brian Sullivan is also here for the hour. Good morning to all of you. Carl has the morning off. Joining us, Business Insider ceo Henry Blodgett and Stifel Nicolaus Market Strategist kevin karen. Were going to talk about the markets, talk about the fact that we are not only hitting and opening at dow 20,000 but also rising through that level. President donald trump commenting on the markets record move in an interview yesterday with abcs david muir. Take a listen. Im very proud of that, very proud of that. The Business Community, and the Labor Community you saw that with the labor numbers that came out. One said it was the single greatest meeting ive had with anybody. Its the highlight of my life. And the dow on top of it just hit 20,000, first time in history. Im very proud of that. Now we have to go up, up, up. We dont want it to stay there. You know, its not uncommon, guys, for a president or an elected official to talk about economic indicators, but whats so interestin
There. So much more to talk about, but i hope to check in with you over time. I hope so, too. David, appreciate your time. Bob bakish, ceo of viacom. Carl, back to you for the start of squawk alley. Good stuff, david. Thank you so much, david faber. Its 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. Dows up 101. Record highs for the dow, the s p and the nasdaq, as yields and retailers are climbing. Weve got this meeting between the president and key Airline Executives in washington, d. C. For that well 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 an
You have a strong Earnings Report and the stock sells off. What is the bigger message, perhaps, in this move today . I think facebook just gave you the green light to take a profit. If youve been long this stock for a while, and many people have, its become one of the consensus longs of Growth Investors and growth fund. Its a huge weight in all the passive averages and its very popularly traded at all the brokage firms, all the online Brokerage Firms released this data. Everyones been long facebook. If you have for a long time and your time horizon is short, they just gave you permission. Number one, 2017 will be a year of big investment for us. Thats code for, dont expect the same magnitude of earnings beats and Earnings Growth accelerations that weve shown you for the last couple of years. The other thing i thought was notable was that they talked about, look, at a certain point ad Revenue Growth rates to come down meaning theful ing th. Facebook and google have this duopoly over onl