Record highs take a look at the percentage gain in the nasdaq more than 1 lets start with the meeting of the minds in d. C as we await comments from President Trump. Eamon javers has the very latest reporter it is as you say a glittering collection of ceos at the white house today. Were waiting for the president in the east room we expect hes going to come in and participate in a roundtable discussion the ceos have been here all day. Take a list at took at the listf prominent names. I was brought into the indian treaty room in the eisenhower executive building the other day to listen to remarks from Jared Kushner and watching the ceos mingle with each other, interacting here in washington, including you saw eric schmidt of alba bet aphabet and google. Talking at the whouite house. Cross pollen nation of ideas thats what the white house is looking at ideas from private sector executives on how to improve government from every way from its i. T. To its services to its performance for the citizens Jared Kushner opened things up earlier today with remarks including rare remarks in washington, d. C. From, in braise of government bureaucrats. Heres what he said. Before i came to washington, many warned me the bureaucracy would resist any change we tried to implement so far, i have found exactly the opposite. Reporter a rare opportunity to actually see and hear jared kushn kushner, hes a powerful figure inside this white house, but rarely interviewed on television, rarely appears in public a lot of people hadnt heard his voice before todays appearance. So, this is an opportunity for him to showcase what hes been working on all year. Which is this gathering of Brilliant Minds in the private sector to try to solve some problems in government well wait and see what the president has to say, and whether they can come up with any of the solutions that theyre looking for. Back over to you. Eamon, there was talk that there might be some of these meetings might be contentious because a lot of members of Silicon Valley are on the opposite side of issues with President Trump. Do we think that happened at all or has this all been focused on making government work better . Reporter well, its all been behind closed doors so far, so we dont have any reporting whats been going on inside the sessions, themselves, but, look, eric schmidt is here he campaigned aggressively for Hillary Clinton last year. I asked sean spicer during the offcamera briefing today, you know, what the president s message was to eric schmidt, and he said, look, our message is, come help us, come help us with the problems we have in government and spicer saying, going out of his way to say that theyre not so focused on what these peoples political positions are, but more on what they can do in terms of solutions. Now, a lot of these ceos will come loaded for bear theyre going to bring their own agendas here the white house is expecting theres going to be some political points made here by some of these ceos got it, eabon, thank you. All right, guys and lady, is it a coincidence that tech had its best day of the year as all these ceos met with President Trump . Guy adami . Great to have you on board. We love to is you here get that out of the way, its very important i dont believe in coincidences. I do think its a bit of a coincidence. The two encouraging thing for me today, you saw the monster selloff in tech, but had a commensurate move somewhat in financials and energy. So now you have the Broader Market doing well, tech basically all the way back, and you have financials holding on to their gains to me, that was the most important part of today. So is it coincidence i dont know i think tech was a one, twoday event. A lot of these stocks are right back where they were the fact financials held in there is encouraging. The s p is at an alltime high once again. Safe to get back into these tech names you have a face. Well, the face i have, i look at the selloffs. I mean, when i look at what weve had all these selloffs, it sauce seems to be around the same sort of a deal, very short term, very short lived and suddenly everybody wants to buy them back again. So, to me, that looks like a algmarithmic trading when you look at the tech names, michelle, the last earnings cycle, they were financial for the most part, talking about chip, cloud, wherever you want to go, facebook, the numbers were strong. The fundamental numbers are there. Theyre growing into earnings. When you look at these eps, depending how you value the company, what is apple anymore just the hardware . I know the desk, we all disagree opinions on that however you look at those companies, they are growing and because theres growth there right now, that is the opportunity when they get sold off, its the opportunity to buy. Okay. Is that the lesson here, if you see that one more time, you see that again, and when its so scary to see that kind of move in a single day, thats the precise moment to get in i think you need to be careful. Is it time to go back i think petes point is really important about atrading. I dont know if you noticed this, apple was up almost 3 today but closed on the dead lows of the week last friday week on week, it really had a bad week when a lot of stock, large, mega caps, got hit hard, apple closed on the dead low. It made a lot up today heres the thing, if these things are still in down trends, dont kind of retake the prior highs any time soon, youre setting yourself for another similar sort of move no matter whos pushing the buttons, whether its algos or fundamental long short people. When you think about it, its a wait and see dont algos have a shorter term timeframe the reason i say algos yeah, is it going to be every single day the algor is pushing it down are they related to certain inputs as far as volatility is concerned . I just dont know. Nobody knows you know what i mean we havent had a good oldfashioned selloff in months and months and months. I think it was preelection. At this point, we dont know everything is unprecedented. Every time we hint at some sort of market period of volatility i just dont know. Were you picking anything in this area . No, i wasnt selling anything last week, so last week, you know, alphabet traded down sharply, thats painful for me im a longtime holder. But nothing changed. Absolutely nothing in the fundme fundmental story changed the valuation maybe was out of line but the reaction i think, you know, and the algos they pile on and you start to see things trading down, in the case of the very expensive stocks by tens of dollars at a time. Something else is going on beside fundamentals. And since i thought the fundamental story hadnt changed at all, im going to ride it out. That has been the right thing to do every time for the last i dont know how many years including the november selloff, techs got absolutely annihilated, and then earlier this year, again, so until the fundamental story changes what is the fundamental story with alphabet as you see it . What couwould make you get out improving, the Revenue Growth on a company that side, to be in the mid 20 s is extraordinary. So the multiple trades back out the cash, its even cheaper. To me, is not a crazy valuation at all and im a valuationfocused investor. I mean, alphabet, 19 eps growth, Revenue Growth is actually better than that which i think is really important. I think its fairly valued out of all the stocks we mentioned, you know, dan might disagree, probably right, but i think that valuation wise is the most interesting pu ining one. We have to mention this, did exactly what it should have. We mentioned the day the big selloff, traded down to 142. We had flagged potentially going back to 120s then on monday traded down to 142 again and bounced. Said theres your opportunity, folks. You have a great tradeable bottom now heres the stock back at 157. These are trading vehicles for the most part and i still think the room for the upside, nvida see skepticism on your face. Started off the block asking us if it was a coincidence. I was going to ask if the meeting today has any impact when you think about the ceos at the white house right now, we cant e dondont know what happ theyre there because they have a fiduciary responsibility as a shareholder. They have hundreds of billions of dollars of cash overseas they want rebapatriated. I think to me we could see a lot of people did not see that amazon whole foods thing coming. Nobody saw it but at the enend of the day u may see blockbuster deals by companies that may not make a heck of a lot of sense that first, especially for guise who ha have tenyear plans. Our next guest, john scully, ceo of apple from 1983 to 1993 joins us on set. Good to have you here. Hi, michelle. Did you visit the white house when you with apple . Many times. We saw tech surged today. We started off the block, any coincidence they would all be meeting with the president and we would see this rebound today . Do they go together or just coincidence . The way i look at it, michelle, i think that were living in exponential time most of us are conditioned by linear time. Days, weeks, months. No exponential times, Incredible Technologies adopted by the private sector, not yet by the Public Sector, were going to see the private sector companies, these tech companies, i think continue to show great momentum i dont think this is a fluke that we have a hot day today i think its going to go on for months, maybe years, because exponential time, were getting the reinvention of industry after industry and now the tech guys with all this capital are going to go in and they are going to go buy big positions in nontechnical companies and continue to enable them with the incredible power of hightech. Jared kushner was hoping they wou could hep them make government exponential. He talked about how their floppy disks still being used by parts of the government, some systems that are 50 years old. Yeah. Can government ever adapt first ill tell you how far they have to go. In the private sector, Cloud Computing is about 77 penetration. In the Public Sector, its 3 . 3 just think about that. Theyre still living, as you pointed out, with technology that is many decades old the way you get it to change is that the people who are writing the rfps, the requests for proposals, if they write them in the way that they can only be responded to by doing the old self, out of the 80 billion the government spends, two of thits for maintenance. If you write the rpf for maintenance youre going to get the same old thing. If they write the rfps, starting to look at whats possible, how do we reinvent health care, how do we reinvent a lot of other industries which if you wrote the rpfs correctly, youd see solutions for the government, much like youve seen Imaginative Solutions that are working in the private sector its that simple so, one of the things, though, that is i think most pressing, of course, efficiencys important, but Cyber Security seems to be the most pressing issue to me. Is there any hope of anything real coming out of a meeting like this . I dont think so. First of all, Cyber Security is really hard, and while we think we have solutions, every time we think we have a solution, someone has a breach somewhere else so, practically we have a long ways to go but policy wise, think about this, lets say youre talking to the Companies Making mobile phones and the government says i want access through the fbi back into those mobile phones because theres serious risks to the country for potential terrorists now, thats a real consideration for the safety of the country, bull but imagine if youre sitting over in china and you know that that mobile phone can have access through a back door by the fbi. Are you really going to want to have, you know, an American Company selling products that could have access by a Government Agency . So, these are very, very tough questions. Theres no easy answer to that i gave an easy answer on the rpfs theres no easy answer on the Cyber Security. John, what do you think, so we have Hardware Companies there, know ibm, cisco, theyre all big contractors of the government that sort of thing when you look across and look at a jeff bezos of amazon, he has companies that could be a contractor of the government, that sort of thing you know, in the campaign, there was some rhetoric about busting up this monopoly we know what amazons going to kind of really destroy a lot of jobs near term, maybe not in the longer term. Do you expect is there a difference with the hardware and consumercentric companies like, you know, is the administration going to take it easier on the hardware guys and maybe some after some Software Guys who dont do a heck of a lot for the government i dont have an insight as to what the government is going to do i have such admiration for what jeff bezos is doing. He goes into industry after industry and, yes, h e goes out and says im going to buy whole foods, by the way, im going to lay people off, but the same time, you can be sure hes going to grow that business, hes going to put in smarter supply chain, lower the prices, hell put in 360 degrees experience for the customers. Hell go to highfrequency shopping which means fast delivery, within an hour or two. And there will be more jobs. The net net, i think jeff bezos will actually create more jobs even though some of the existing jobs may go away. Great insights, john. Always great to have you john skulculley, former apple c karen mentioned Cyber Security its shocking to any the stocks have not done better than theyve done you think about the heyday potentially of Cyber Security, were in the midst of it now and they cant get out of their own way. A name like fire is an interesting name here. The risk reward setting up well. Palo alto is my favorite name in the space but the stock seems mired in the 130s. Anyone convinced about amazon, seems very convinced that whole foods is going to be a great investment. I mean, when youre trading at that price, i mean, use cash, i think it will be for sure. I totally get the strategy behind it. I think part of their complete dominance of the consumer. Stock is expensive but its consumer all right. Coming up, well have much more coverage of trumps meeting with the ceos today. The American Technology council event. Cnbc is in the meeting with the latest details dont move ready or not, here i come. Ek. anyone can dream. Making it a reality is the hard part. Northrop grumman command and control systems always let you see the complete picture. And were looking for a few dreamers to join us. upbeat dance music dance music abruptly stopping dance music starting then stopping welcome back to fast money. Goldman Ceo Lloyd Blankfein sitting down in an exclusive interview with mad moneys jim cramer moments ago jim joins us from the mad money studio. Jim, glad to have you on what was the most interesting part of the video . Lloyds been tweeting, michelle, thats kind of oddi oddity thats not been the style of lloyd. Take a listen. Commented on immigration, on lgbt issues, commented on o the environment more recently, spending on infrastructure and the reason why i do it, it has to fall, in my mind, in one of a couple of categories. Either its something that is kind of in our wheelhouse of expertise, like for so i commented it will be very, very bad to let the u. S. Government default. Thats in our wheelhouse before twitter, i did those things by press release. The other thing ill comment on is when things really affect the ability of our people to be who they are, and to do their job and be effective as professionals. I mean, to me, what hes saying, michelless, is basically like President Trump, hes not going to let someone else define the narrative of Goldman Sachss. He wants to define it, himself i snowknow the Great Recession a wakeup call you really got to define yourself or others are going to dedpfine yourself for you. I heard you guys had a scoop on janet yellen also related to him. I think people should take a listen to what he has to say, because its quite contrary to what most people say on our air. Lets put it that way. Okay. Thats the deep tease. You got the watch the interview on jims show. Of course, michelle thank you so much for having me on your show. Always great to have me, jim. Catch jim cramers full interview with Goldman SachsCeo Lloyd Blankfein tonight 6 00 p. M. On mad money. Talked so much about tech, but how about the banks today . Anybody trading today . Breaking out to the upside for a while. Last week we talked about all the option activity. In the xl, Goldman Sachs, citigroup, also been bank of america. Heavy, heavy paper so its telling us that people are expects sort of a break to the upside ever since the xlm broke out of the financial etf from 23 to 24, when we broke above 24, its been off to the races since. Moving up toward the high. In my mind, im looking at a bunch of banks that have done extremely well regardless of where were looking at rates in this point in time if rates ever work in favor of the banks, only imagine thats a feather if their cap theyre doing well without that now. I was just going to ask, yield curve is flat. We saw some hike in the tenyear yield. Not appreciable. Still, these stocks are managing to move even without supposedly the most important thing. Not really move they moved off of the low. Goldman sachs is still 11 from its 52week high i mean, obviously, it could break out. You have citibank breaking out i know bank of america is pretty well i think in general i dont think the banks act particularly well. I think when you think about some of the guidedowns weve already gotten about their tr e trading activity, okay, q2, think about this flat year, im not saying its going to be a disaster but it is harder to make money that environment. This rebound, w