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Good tuesday morning. Welcome to squawk alley. Obviously busy morning as the president meets with top executives in washington this morning including the heads of gm, ibm, blackstone ceo Steve Schwartzman on the agenda trade, infrastructure, budget and education. Our Kayla Tausche is on the ground with all of the latest. Reporter good morning. Just a few moments ago we saw the president leaving the west wing going over to the Eisenhower Executive Office building to meet with those some 20 ceos of some of the largest Multinational Companies based here in the u. S. We are getting some headlines based on the comments that he has made on an introductory basis to this group saying the administration is going to have pleasant surprises on nafta and ....
Time, and this is going to create tremendous value for our customers and, really, our investors. This is a good deal for investors. Speaking of timing, martin, it has been a challenging one for your industry. Oil services hundreds of thousands of layoffs. Where does that leave the industry . Are the layoffs done, and is there a sense that youre on the brink of a recovery . You know, sarah, we all hope that the layoffs are done. As ive said over and over again, thats the most difficult thing about this industry. That all said, you know, when you have these two great franchises coming together as lorenzo talked to the synergies and the example that we gave on the investor call this morning, so much of it is going to come out of product redesign and bringing that engineering expertise to play. Being able to leverage a much bigger spend, you know, in excess of 20 billion annually into the marketplace in terms of our combined supply chains, these are the efficiencies that will come and get ....
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