to strengthen in america. the markets had a mixed response to yellen's press conference. the dow, the nasdaq, s & p 500 closing mixed for the week. a huge deal announced friday. amazon is acquiring whole foods. the deal values whole foods stock at $40 a share. the move pushes amazon fully into the grocery space. and the tragic news out of washington, a deranged gunman who hated donald trump and the gop opened fire on republican congressmen during a baseball practice in alexandria, virginia. the gunman wounding congressman steve scalise and wounding four others. we all wish him a full recovery. the hospital did say he has improved the last 24 hours. attorney general jeff sessions testifying over accusations of russian interference in the 2016 presidential election. he said allegations that he excluded with the russians a detestable and appalling lie. steve mnuchin is confident the white house will get tax cuts pushed through congress by the end of the year. he told me just that earlier in the week. >> i have no higher priority than having tax reform done this year. we need to get back to sustained economic growth of% or higher. and we need to have tax reform, regulatory relief and trade. and we are working every day, we are working with the house and the senate. we are committed to get this done. there is 100 people in treasury crunching numbers and focusing on this for us. we'll do everything possible to get it done this year. maria: what does wall street think about that? chris, good to see you. thank you for joining us. first, a monster deal announced friday, amazon acquiring whole foods. your thoughts on this deal. wait tells us about this space or the level of mergers and acquisitions in terms of the impact on markets. >> it tells you a few things. the biggest thing is we'll continue to see this kind of activity from a variety of different players that we like to call diagonal disruption. that's the ability to shorten the supply chain and take execution up a notch to acquire what people need today it's using technology in one particular area then going into something like a staple which is what you have seen on this example. and you are actually potentially going to see lower prices. maria: i guess lower prices is one positive from this deal. what's the impact on the broader market? >> when you get stock markets like this not just in the united states, but in other parts of the world where there are all-time highs. you have a high currency in terms of your stock price, and you have been able to build up a lot of cash because of low interest rates, particularly as you bring on to the equation and capital structure, you get lowe rates and high cash, you get a high currency and higher m & a activity. that bodes well for companies to get into spaces they couldn't before. or acquire a smaller disrupter to expand their base in years to come. maria: when i first say the, i thought they are going up against walmart in a huge way. let me move on to the broader market and the impact of tax reform and healthcare reform. here we are now close to the ends of june. we still have not had healthcare legislation nor tax reform. do you think lawmakers will be able to do this this year? >> most policy watchers that have been accurate in the past few cycles are suggesting a vote is coming soon on repeal and replace when it comes to healthcare reform. potentially as soon as the next couple months. certainly up ahead in september. that would put the base in place to do tax reform by the end of the year. with a lot of disruption going on in terms of what's going on in the political scene, it looks like it will be difficult to do all of that by the end of the year. the markets are look away from that for one specific reason. you have got the financial conditions and the profit cycle continues to gather momentum. we expect growth in the second square. low rates. good profit cycle helps aset classes. maria: chris, good to have your insight. thanks so much. chris hyzy joining us. >> announcer: harley davidson one of the most iconic american brands ever. next on "wall street week." so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever happened to me. every great why needs a great how. >> i just complete with official and workers from the great american company harley davidson. they told me without even complaining that they have become so mistreated for so long that they have gone the used to it it's so hard to do business with other countries because they tax our goods at such a high rate. they tax their motorcycles at 100%. they weren't even asking for a change. but i am. maria: that was the president addressing congress in february. why america needs some kinds of a tax at the border, perhaps a bored adjustedment tax. in recent months the push for that tax has hit a political roadblock. the president brought up and re-si --brought up a re sip rec. >> we had a great meeting in early february with the president of the administration. to focus on the nature of our business. we are doing business in 90 countries, largely exporting our u.s.-made product around the world. in high-growth markets like asia there are tariffs that make access to our products limited. it's a big issue affect our ability to grow in this important motorcycle market. maria: when you sell a minnesota cycle in india, they charge you a 100% tariff? >> a motorcycle shipped complete is 100% tariff. we take the higher volume products that are sold there and we assemble partially mind yeah. that's a strategy we see being relevant in asia going forward, given the high tax structure. maria: there is china as well. when you are selling motorcycles in china you are charged 90%. >> in indonesia it's four times what the product is on a landed basis. and indonesia is the third largest motorcycle basis in the region. we appreciate the interest from the administration. as they think about how to form later policy which you pointed out, there is a lot of political pressure a lot of different directions. but ideas like that are beneficial to companies like harley that are heavily invested and try to grow in markets around the world. maria: this is the way business operates for you. if china is charge our companies 90%, and india is charging 100%, we should have some kind of tax. lawmakers are having behind the scenes meetings. i understand they are work on tax reform as we speak. what do you think about a reciprocal tax? >> we don't have a like-for-like trade in motorcycles with china. so it's difficult to negotiate wholesale agreements that don't generate the interest either in the other country or other interests in the united states that have different dynamics it's unable why there is a lot of political energy around this topic. there will be gairns and losers. in general we think free and fair trade is good for not just harley davidson, but good for the united states and the world. recognizing it's complicated. but these things should be pursued with a lot of gusto because they are very valuable. maria: what about the tax blueprint you are talking about. the president would like to take the corporate tax rate down to 20%. how big a deal is that for you as a corporate leader. >> it's. >> big deal. our effective tax right is 35%. 340e679 our costs are here in the united states. and our foreign income comes back here. we don't have cash parkedover seas. so any relief helps harley david on and helps our investors. and a lot of these policies are intended to help u.s. investment which is good for jobs and good for the economy. so we are in favor of the direction. it might take different forms. but generally speaking whether it's corporate taxes or reciprocal taxes it should help u.s. companies. maria: what about healthcare. as a business leader, how much of an issue has the cost of healthcare been for you as they try to reform this obamacare system. >> we offer as most of the companies do comprehensive health. we are self-insured. we have been focusing on health because the costs continue to rice year after year. my own perspective is there needs to be more discussion about why the costs are so high. most of the discussion tends to focus on who is paying. so the cost issue is a big issue for our economy, period. maria: which is why you are focused on wellness. we want to zero in on harley davidson when we come back. >> announcer: on surplus of unsold bikes. the harley davidson ceo shares his plans for increasing sales among the next generation of riders next on "wall street week." my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet? usaa gives me the and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children. we're the williams family, and we're usaa members for life. [♪] maria: welcome back. we have harley davidson ceo matt levatich. shares of harley davidson under pressure year to date. what's your strategy in terms of attracting that next generation of riders? >> that's a great question. we have a headline goal which is a 10-year view of what we need to do. and that's to build the next generation of harley davidson riders. we have five objectives. one is to build five million new riders in the united states. we have to be in the business of building riders and ridership and inspiring the next generation about our sport. second objective is to learning the opportunity we have outside the united states and grow our business internationally to be 50% of the total by 02. we are going to -- by 2027. we'll do that in part by launc launching the high-impact product itself. so we have a lot of investment in motorcycle development to sharpen our focus to what moves people emotionally when we launch new product. and. the third, disciplined investments, making sure they deliver returns for shareholders. and the fifth one is to grow our business without growing our environmental impact. to make sure everything we do has an additional level of sort of environmental responsibility so as we go we do not grow that impact on the planet. that's stimulating a lot of creativity across our business with the economy being an important one. maria: in term of growing the rider population. that seems like a lofty goal. how do you do that? you are an iconic company. people trust the brand. they trust you. how do you communicate with a population that you haven't in the past? >> we actually are excited about it because we do this really special thing, and people recognize it. and we are in a position of great strength with our market share and brand recognition. only 2.8% of u.s. adult ride motorcycles. we are talking bin vesting in the next generation of riders to make sure it many at least 2.8 per, maybe 3%, 3.5%. in the past 5 year we have had great success with our outreach efforts growing at a faster rate than we do with our core traditional white male. that gives you confidence that we know how to tune this and dial it in and investing in the broader goal of building ridership. maria: once you have that rider, the rider may over the years want to upgrade. you can bring them in on a low-prize bike. you can go $7,000 up to what? >> high 30s. the ridership idea isn't just new riders. it's making sure existing riders or somebody that's lapsed to have a rye sense they don't ride any more get rekindled in the sport. when i'm riding to work there might be one or two people in a car on the highway looking at me saying i want to ride a motorcycle. if i'm not on my bike they are not having that thought. everyone that ride is passionate about that experience. so it's a broader idea than just new riders. it's riding. maria: you on your bike is moving advertising. >> and it's a way to get to work. maria: do you ride to work every day? >> as often as i can. i have a statement that i make to our employees and dealers to ride every day. it's tempting you main want to stop and get a coffee and get in your pickup truck. maybe it looks like it might rain that day. we have great gear for rain. get on your bike and ride. maria: how important is the gear. the leather jacket, you sell a lot of apparel. how important is that in terms of the overall bottom line. >> it sound out the experience and it's a good business line. but what we offer through the dealership is the complete package. the dealers are able to be exclusively harley. the customers are in an environment that's all harley. and the fellow riders in the dealership. it's a broad package. it's also in the giert self and the -- in the gear itself. i mentioned the rain gear. or helmets. the ability to communicate. we have bluetooth communication where you can communicate with a passenger or another bike. it's all part of lifting it