General assembly our Michelle Carew sa cabrera is on the scene to recap what we just heard michelle hey there, carl a fiery speech where he called out specifically north korea, iran, and venezuela and called for the great revival of nations. Used the word sovereign and sovereignty over and over again, reiterated america first, as he did on the campaign trail, and also during his inauguration speech one of the big headlines will most likely be on the headlines in all the newspapers tomorrow is when he said if its forced to defend itself, United States for its allies, we will have no choice but to totally destroy north korea. Rocketman is on a Suicide Mission for himself and for his regime he referred to north korea repeatedly as the scourge of our planet today, the depraved regime, a band of criminals. When it came to iran, he called it masking a corrupt dictatorship behind democratic facade and he said the iran deal was one of the worst onesided transactions, an embarrassment to the United States, and you havent heard the last of it he repeated his oft used phrased radical islamic terrorism. Lets play for you the sound bite where he talked about what he would do with north korea no one has shown more contempt for other nations and for the well being of their own people than the depraved regime in north korea the United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy north korea. He also spoke very derisively about venezuela, saying the problem with venezuela is not that socialism has been poorly implemented, but that it has been faithfully implemented, and then ended on what will likely be described maybe as the trump doctrine, great revival of nations, focusing on countries following their individual desires and goals and pushing away from the multilateralism that we have seen over the last several decades. Guys, back to you. Michelle, lester holt of nightly news has an interview with rouhani one quote is, if the u. S. Leaves the iran deal, no one will trust america again in International Negotiations so how likely is it that we carry some of the rhetoric we heard from the president to an actual pullout of that deal that remains to be seen theres been internal divisions about that weve seen them already, the u. S. Administration renew that agreement, even though the president has been harsh about it, the state department thus far has gone along with it there have been other sanctions not related to the nuclear program, but the missiles program, sponsorship of terrorism. So as weve often seen, carl, the harsh rhetoric from the president doesnt necessarily mean a change in policy. And thats certainly the way the markets are interpreting michelle, for all the intense words the president used today during his address and some may consider it a ramping of the rhetoric, the markets were relatively unchanged, really Holding Steady little change here on the day. So its almost the same old, same old in terms of the markets being so inured to the back and forth between the president and various states yeah, youll recall the day that the president used fire and fury the first time to discuss north korea, the market fell that day, right . Today, not so much i think the market is used to hearing this i guarantee you the people sitting there, 193 representatives, are not used to hearing that and certainly not used to hearing it on the floor of the United Nations michelle, thanks so much for that our Michelle Carusocabrera is outside the u. N. We did get big news in the Telecom Space today, courtesy of david faber. David . Earlier we reported a long time back and forth is once again on, that being the on again off again talks between tmobile and sprint to bring the companies together and what would be enormous cost synergies. As we reported earlier, the two companies are engaged in significant talks that have been going on for some time and have been actively joined on all sides, including, by the way, of course, softbank, which controls sprint and Deutsche Telecom which controls tmobile trying to come to an agreement under which an allstar merger would be affectuated they are very actively speaking at this time, according to people on all sides of the potential transaction. Previously in the last talks they expressed a willingness to sell sprint outright to tmobile not this time, it is a stock to stock merger which softbank would become a significant minority holder and the desire to have some say in the combination, at least, is also part of the negotiations they are at the point now of trying to figure out an exchange ratio, something that might be helped by the fact we have now made public these talks. They can see how the stocks actually react as they get to hammering out a term sheet for that potential exchange ratio. Again, it could be quite a few weeks until they get to the finish line if they, in fact, do and then you also have the larger question, guys, of antitrust, whether, in fact, the department of justice would give its blessing to a deal thats been oft discussed but never actually happened. Well, we have a new s. E. C. And does the fact the talks are on again suggest the players feel this is a more favorable environment . I think there is a sense this is perhaps a more favorable environment. That said, staff at the doj doesnt change as much and whether or not there really would be an allowance for numbers four and three getting together in a market that is vitally important to almost every single American Consumer with the prospect, perhaps, of higher rates look at verizon and at t shares today, they are not down on the news, they are up. Why . Because theres a thought the price competition, perhaps, would slow would abate correct and that would be just because sprint and tmobile are seen as the ones leading no longer have to do that maybe we actually get some inflation as a result, right possible, true, but that, of course, goes to the point that opponents of the deal would say, look, thats not good for American Consumers so theres certainly a lot to be weighed when it comes to the antitrust review, if they get that far can we envision them working together, would that not happen . That would not happen they would run the company, combined company if it were to happen, probably move over to take a senior role at softbank. Whose influence continues to grow grow and grow mobility, wireless. We should point out, and i did earlier, this pursuit of charter that softbank has been on has slowed considerably as a result of the significant engagement thats taking place right now with tmobile, so you do see shares a bit lower on that that also takes the heat off altese, which was vigorously trying to put together financing for a potential bid should softbank make a move, so charter also no longer as sought after given softbanks efforts seem to have come up short only can juggle so many balls at once. Thank you, david faber. When we come back, why buzz feed said theres blood in the water in Silicon Valley. Plus, former wells fargo ceo Dick Kovacevich will join us when squawk alley comes back the governor has declared a Winter Weather emergency. Extreme risk of burst pipes and water damage. Soon, Insurance Companies wont pay for damages. That is, not if they can help prevent damages from happening in the first place. At cognizant, were turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. Get ready, because were helping leading companies see it and see it throughwith digital. Hey youve gotta see this. Cno. N. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. Big tech is under fire, as you may know, as many call for stronger regulations and antitrust warnings joining us, ben smith, editor and chief at buzzfeed, who recently published an article, theres blood in the water in Silicon Valley, which i think widely thought to have changed the conversation as to how politics are buffeting big tech. Why now, why write this piece now . I think these Tech Companies have really for a decade been seen as these dynamic, positive forces in American Life and theres just this combination of things happening critically a perception they face at google in particular were involved in skrcrewing up e 2016 election. That got a lot of people mad, and the broadening extent of all of their market power, in particular amazon, this sense they are a really outsized role in retail that everyone feels now, that is no longer over there on the internet. I question your premise a little bit you say that tech hasnt had to contend with its government moment yet, but we had microsoft antitrust, which you do mention. Google has been under scrutiny for the past decade for various things, including competition in europe apple had antitrust scrutiny over Digital Rights management on the ipod and itunes and it continues to have scrutiny over various things weve kind of been here for a while, have we not i think the microsoft analogy is right they faced a frontal assault and ultimately that assault they won victory in the end but paved the way in part for googles rise. I guess whats happening now is they are shifting from the kind of not nickel and dime, important regulatory stuff, drm, these are not unimportant issues, but the sense of their place in American Life is changing this is something the oil industry went through. There was a time when wild caters were seen as these romantic cowboy figures, same with wall street now they are seen as established interests whose home state senators fight for loopholes for them, and theres a constant trench warfare, but they are not glamorized when you say blood in the water, do you think theres going to be regulations that will change the way they grow in any way . Is this a grassroots consumer revolt i guess i would think about capitol hill, pressure from both the Bernie Sanders left, which mistrusts Corporate Power and from the steve bannon right that really thinks these guys have progressive values and doesnt like that, to handcuff them in whatever way they can. Its hard to imagine real strong antitrust action i also think theres going to be a lot of pressure on them to prove they are patriotic american companies, which is a real challenge for big global companies. If you are proving in washington how american you are companies are in the business of running a Business Model, making money for shareholders of serving the public tell it to, like, the committee on capitol hill. Its a tough thing to say. I might argue it got easier under the Trump Presidency for them to do that. Back under the obama presidency, this was a president who much of Silicon Valley,which is on the left, seem to agree with arguing for, hey, the level of encryption youre putting on is bad, thats dangerous. Now theyve got trump, they can be against his immigration stance, but also against his encryption stance and say were both american, we just have different ideas. Trump is so unpopular and weak that theres a lot of room for them to navigate, but i think there are these big shifts in both parties that dont play to where they want to be what about the defense that the products themselves are so popular with consumers that its not theres no fuel there for politicians to lever i think thats a really good point. You think its true thats a great strength 90 favorable rated products that everybody uses, everybody loves. If you want a cautionary tale, look at uber a company where essentially a political media storm over them wound up really hitting their core metrics thats no longer a beloved popular company, although its a widely used one. That was alleged bad behavior this is being big, too big maybe. The stuff that did happen on facebook during the 2016 election is in a sort of broad sense probably had a lot more impact on america than the conduct of ubers executives maybe Travis Kalanick should have gone out and milked some cows like zuckerberg did that did seem to be a sign of what they are trying to go for here to that point, how would you characterize the chapter therein where they are lawyering up. Are they in the first three innings of that or is there more to do on the hill . I think its a sort of fire your legal team moment in advance of different kind of big league. Yeah, big league. Isnt existential for them its just going to be a different kind of conversation you dont go so far in your piece to say its going to impact operating income or stock prices thats your business, not mine user growth, would you go that far i think its actually the place youre going to first see it is globally, where if they are under a lot of pressure in washington, show how american they are in every other capital that has repercussions is there safety in numbers perhaps . In the microsoft era, they were the 800pound gorilla that everybody in Silicon Valley was worried about. Now its a world of gorillas youve got a half a dozen at least of them. Yeah, not a world of them, a handful of gorillas. What youre seeing right now is some of the gorillas would prefer not to be in that particular cage and apple would love to be excluded from this narrative but isnt on the same track as the rest. Tim cook this morning making comments how their privacy views are different, but doesnt like Silicon Valley to be painted with a big broad brush i think when you see a company like apple trying to distance itself from that, from the rest of them, that does tell you something. Reaction to your piece from Silicon Valley was what . We love to talk to you more about what were doing you know, the usual. Do a followup. Exactly ben, its a great piece, for those who havent read it, they definitely should. Thank you, guys ben smith of buzzfeed when we come back, a look at intels playbook john caught up with them at tech crunch disrupt yesterday got a lot out of ryan. Dow up 22. Were back after a break hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. Intel ceo, intel is going to be providing chips to power waymos level four and five autonomous vehicles. I caught up with him at tech crunch disrupt yesterday and asked about how this collaboration signals a new approach for intel, very different from the pc days when intel just developed the most powerful chip and said here it goes take a listen. These applications, whether its artificial intelligence, autonomous driving, you have to not you cant just provide them the complete solution and rides with a Generic Software like windows or android. Theres a lot of integration between the car, the driving experience, the safety, the functional safety. You have to have a much more open platform, and thats really both with mobile eye on autonomous driving, the Waymo Partnership is a great example, but were doing that in the data center around artificial intelligence, as well. I also asked him about intels complicated relationship with alphabet and google on the one hand collaborating with waymo on the other hand waymo is developing intelligence chips reducing its need for Data Center Resources that could be a danger to intel. Heres what he said about his relationship with google really provides a couple of opportunities. One, it provides, you know, remember, even with dwogoogle we partnering with them, well build that custom silicone for you, so were absolutely partnering with them to go deeper and this waymo announcement is a great example. Were bringing pgas, nirvana, were bringing more scalable zion capability into these other companies to help them compete, as well, so intel is taking its traditional role of saying, look, we need to go work deep with those who want customized, but additionally well bring other solutions that we bring our intellectual property to for those that either dont have the scale, dont have the technical depth, or want a faster time to market and you can look at that across a. I. , you can look at that across autonomous driving. That is always our answer to a market its a very tricky dance for intel. That was always about we have our process, this chip is going to be the best, its going to be the same for everybody what hes been trying to do is figure out how to be flexible and have the old intel advantages at the same time and seems like self driving and a. I. Is going to be the area thats the first big test from an investor standpoint, you have to wonder if hes talking about this to sort of say, hey, were in this, too, because its multiple, right, compared to some of the other quote, unquote, self driving car chip stocks is much, much lower and the performance has been underperforming. I specifically asked him about the analysts call where they say nvidia was the play in this area. That stock is up 3xover the past 12 months. He said thats the wrong bet and laid out his debate for why. Stocks been in this channel for the better part of the year but worked it way to the upper end of that, around 37, 3715 good stuff, john seema mody back at hq, hey, seema. European stocks on a day which data shows Rising Economic sentiment