Annotated_CNBCThe Exchange - Apr 18.en.txt

 LYFT YES LETS DO FINAL TRADES DARDEN RESTAURANTS I THINK THAT ONE IS A GOOD ONE RIGHT NOW THEYRE GOING TO CONTINUE TO RAISE AND BEAT IN IN THE RESTAURANT SECTOR PER MY ANALYST WERE GOING WITH IT KATE MOORE ALWAYS GOOD TO HAVE YOU HERE.
 CONSUMERS WHEN IM WATCHING THE MOST NEXT WEEK I THINK WERE GOING TO GET A LOT OF DIFFERENT READS WITH UNEMPLOYMENT AT MULTIDECADE LOWS THIS IS THE BIG THING THAT COULD CHANGE SENTIMENT ALUMINA TWITTER MOTOROLA SOLUTIONS MSI GOOD STUFF THANKS EVERYBODY.
 GOOD HOLIDAY AS WELL THE EXCHANGE STARTS NOW.
 D.C. AND YOUR MONEY POLITICIANS IN AMERICA WILL DEBATE THE MEANING OF THE MUELLER REPORT WE ASK COULD IT LEAD TO EVEN MORE GRIDLOCK AND STANDSTILL IN D.C. PING AND CONFERENCING ZOOM AND PINTEREST HITTING THE MARKET TO A LOT OF INVESTOR FANFARE.
 COULD THEY SUFFER THE SAME NATURE AS LYFT SHAREHOLDERS A FOLD FAIR A RECYCLEABLE SHOE AND A NEW LEGAL SMOKING AGE.
 THATS WHATS AHEAD ON RAPID FIRE ITS A BIG LEAGUE SHOW LETS START WITH DON CHIAO THE DOW IS UP ALMOST 100 POINT THE.
 AND STABLE RIGHT NOW FOR THE MOST PART.
 IF YOU TAKE A LOOK AT THE MARKETS OVERALL MIXED ONLY BECAUSE THE NASDAQ IS LAGGING.
 THE SP 500 UP BY ABOUT 3 POINTS AND THE DOW INDUSTRIALS JUST ABOUT 100 POINTS TO THE UPSIDE THATS PRETTY DECENT OVERALL WELL SEE IF THAT STICKS ONE PARTICULAR INDUSTRY GROUP TO FOCUS ON THE I SHARES TRACKS THE DOW TRANSPORTS RIGHT NOW AT THE HIGHEST LEVELS WEVE SEEN GOING ALL THE WAY BACK TO DECEMBER THIRD.
 SO TRANSPORT IS A BIG PART OF THAT STORY UNION PACIFIC EARNINGS BETTER THAN EXPECTED.
 THATS DRIVING THE TRADE THERE IF YOURE LOOKING FOR ONE OF THE STOCKS OF THE DAY THATS NOT ZOOM THATS NOT PINTEREST CHECK OUT BLACKSTONE LOOK AT THIS 8 12 GAINS A PRIVATELY TRADED PARTNERSHIP THATS GOING TO BE A PUBLICLY TRADED CORPORATION.
 A LOT MORE INVESTORS COULD COME IN THE MIX AND THEY RAISED A LOT OF MONEY FOR THEIR FUNDS LAST YEAR BACK OVER TO YOU MUCH.
 SIDEWALK BOX TALKING THAT UP THIS MORNING SO AND THE MARKETS THAT DOM JUST WALKED YOU THROUGH HAVE TWO NEW MEMBERS TO WELCOME INTO THE FOLD TODAY YOUVE HEARD THE NAMES PINTEREST AND ZOOM ARE BOTH PUBLIC BOTH RISING.
 JUST ADDING TO THE LIST OF NAMES INCLUDING SOME VERY UNDER THE RADAR ONES THAT HAVE DONE VERY WELL WHEN THEY HIT THE TAPE BOB PA SANI IS AT THE NEW YORK STOCK EXCHANGE WITH MORE WHAT A DAY BOTH OF THEM NOT ONLY THE FLOOD GATES HAVE REALLY OPENED NOT OWN BE DO THEY RAISE THE TERMS GOING INTO IT THEY POPPED AT THE OPEN AS WELL LETS TAKE A LOOK HERE PINTEREST PRICE TALK WAS 15 TO 17.
 THEY PRICED IT AT 19 IT OPENED AT 23.75 AND TAKE A LOOK AT IT ON INTRADAY TRADING HERE THEYRE GOING TO TRADE THE WHOLE FLOW TODAY ITS HOLDING UP VERY WELL UP 24.35 ZOOM THOUGH 28 TO 32 JUST FOUR OR FIVE DAYS AGO WE WERE TALKING ABOUT 28 TO 32 FOR ZOOM.
 PRICED AT 36 THATS NOT A TYPO IT OPENED AT 65 THIS IS VERY RARE TO SEE SOMETHING THAT OPENS TWICE AS HIGH AS ANYBODY THOUGHT IT WOULD A WEEK AGO YOU SEE IT TRADING RIGHT HERE AT 63.
 JUST OFF THAT NUMBER ITS PROFITABLE A LOT OF PEOPLE LIKE THAT ITS GOT 100 GROWTH AND THOSE ARE THE TWO MAGIC WORDS WE GOT RECENT IPOS THAT JOINS A PARADE THEYVE DONE REALLY WELL LEVI STRAUSS ALL DOING GREAT LYFT IS IT ONE OF THE FEW COMPANIES STILL TO THE DOWN SIDE NO COMPANIES NEXT WEEK BRIAN BUT THE WEEK AFTER WELL GET ANOTHER SLEW MAYBE I HEART MEDIA MAYBE NEXT FRIDAY WELL GET UBER GIVING US SOME TERMS WELL SEE NOT SURE ABOUT THAT YET.
 BOB PA SANI THANK YOU VERY MUCH NOW TO WASHINGTON BECAUSE THE OTHER BIG THING TO HIT THE TAPE TODAY WAS THE MUELLER REPORT ITS PERHAPS MORE HEAVILY REDACTED THAN MANY HAD THOUGHT OR HOPED BUT AT 400 OR SO PAGES LONG OUR TEAM IS STILL POURING THROUGH IT MANY EAMON JAVERS STILL TRYING TO DIGEST THAT THE HEADLINE IS OUT THERE THE PRESIDENTS BEEN SAYING THAT THROUGHOUT THE DAY NO COLLUSION NO OBSTRUCTION THATS GOOD NEWS FOR THIS WHITE HOUSE.
 INSIDE THE DOCUMENT WERE FINDING SOME OF THE AREAS OF CONCERN FOR ROBERT MUELLER PARTICULARLY AROUND THE AREA OF POTENTIAL OBSTRUCTION OF THE JUSTICE AND THE PRESIDENTS PUBLIC STATEMENTS HIS TWEETS EVEN ABOUT SOME OF THE PEOPLE INVOLVED IN THIS WHOLE SITUATION THOSE WERE RED FLAGS FOR ROBERT MUELLER IN CERTAIN CIRCUMSTANCES.
 PARTICULARLY ON THIS IDEA OF  ALL RIGHT SO WHEN WE GET EAMON BACK UP SOMEONE PULLED THE PLUG LITERALLY ON EAMON.
 LETS TALK ABOUT WHAT THIS MEANS FOR THE MARKETS AND POLICY GOINGFORWARD.
 LETS BRING IN LIBBY CANTRELL HEAD OF PIMCO.
 THE DEMOCRATS ARE GOING DO COMPLAIN ITS TOO HEAVILY REDACTED WE NEED TO INVESTIGATE FURTHER.
 WHAT DO YOU SEE GOINGFORWARD?
 THIS IS HITTING THROUGH A PARTISAN LENS.
 THE REPUBLICANS ARE SORT 6 CLAIMING VINDICATION HERE THAT THERES NO COLLUSION DEMOCRATS MAY WALKTHROUGH THE DOOR THAT THE MUELLER REPORT OPENED IN TERMS OF INVESTIGATING FURTHER WHETHER THERE IS OBSTRUCTION OF JUSTICE.
 I THINK YOULL HEAR LOUDER CALLS FOR IMPEACHMENT HEARINGS FROM THE LEFT SPEAKER PELOSI WILL DO EVERYTHING SHE CAN TO NOT HEED THOSE CALLS.
 WASHINGTON IS WEATHER POLARIZED ALREADY PARTISAN THERE WAS NOT LEEWAY ANYWAY.
 THE BIG THINGS THAT PRESIDENT INTERRUPT WANTS TO MOVE LEGISLATIVELY IS NAFTA 2.0 THAT MIGHT BE HARDER TO MOVE NOW WITH A MORE FRACTURED RELATIONSHIP DO YOU BELIEVE THAT RON TO LIBBYS POINT THAT IN SOME WAYS WILL AFFECT WHAT SHOULD BE BIPARTISAN OR NONPARTISAN.
 PURELY ECONOMIC NEGOTIATIONS YEAH I DONT THINK THERES ANY ESCAPING MAYBE THE OVERHANG THAT LIBBY ALLUDED TO. WITHIN THE OBSTRUCTION OF JUSTICE COMPONENT OF THIS REPORT BOB MUELLER EFFECTIVELY PUNTED TO CON AND SUGGESTED IN THE ABSENCE OF HIS BEING ABLE TO DO ANYTHING WHICH SAYS YOU CANNOT INDICT A SITTING PRESIDENT HE REALLY SUGGESTED THAT CONGRESS TO A CERTAIN EXTENT TAKE THIS UP TO THE EXTENT THEYRE DISTRACTED OR OBSESSED BY THIS IT WILL SLOW DOWN THE LEGISLATIVE PROCESS AND CREATE EVEN MORE FRACTURES BETWEEN THE DEMOCRATS AND THE HOUSE AND THE WHITE HOUSE ITSELF YOU KNOW JOHN WHEN BARRS LETTER CAME OUT PEOPLE SAID OKAY THIS IS OVER IT APPEARS THAT RON IS SUGGESTING MAYBE WE ARE JUST GETTING STARTED ON A SECOND PHASE OF THIS.
 WELL I THINK THATS BECAUSE BARRS LETTER WAS SUCH A BRIEF SUMMARY OF THIS AND THE REPORT TODAY GIVES US A LOT MORE DETAIL AS EAMON WAS SAYING BEFORE SOMEBODY PULLED THE PLUG THAT A LOT OF DETAIL ABOUT THE POTENTIAL OBSTRUCTION THAT THE PRESIDENT HAD ENGAGED IN ORDERS TO DON McGANN THEN THE WHITE HOUSE COUNSEL TO DIRECT ROD ROSENSTEIN TO FIRE ROBERT MUELLER THE SPECIAL COUNSEL McGANN REFUSING OFFERING HIS RESIGNATION AND ULTIMATELY STAYING ON A WHILE LONGER AND TELLING AIDS THAT TRUMP HAD ASKED HIM TO DO CRAZY STUFF.
 I THINK ALL OF THAT AND TO LIBBYS POINT EARLIER I THINK IT WAS THE RIGHT ONE I BELIEVE THAT THE WAY THE ADMINISTRATION THROUGH BILL BARR IN THE LETTER AND TODAYS PRESS CONFERENCE IN WHICH HE SEEMED TO BE SPINNING FOR THE PRESIDENT TO BLUNT THE IMPACT OF THE REPORT I THINK THATS GOING TO MAKE IT MORE DIFFICULT FOR SPEAKER PELOSI TO RESIST THOSE IN HER CAUCUS WHO INSIST ON AN IMPEACHMENT PROCEEDING TO WEIGH THIS IN A WAY THAT THEY THINK IS SEARCHING AND FAIR.
 YEAH AND EAMON JAVERS IS ALIVE AND WELL HE IS BACK WITH US SOMEONE PULLED THE PLUG BUT NOT ON HIM LITERALLY.
 NO CENSORSHIP HERE.
 HES NOT REDACTED YOUVE BEEN THERE DAY IN AND DAY OUT FOR US YOUVE SEEN THE BACK AND FORTH INSIDE THE SPEAKERS CHAMBER AND TALKING ABOUT THIS WITH SARAH SANDERS ONE WONDERS HOW MUCH MORE OF ANY DIALOGUE THAT WE HAVE IS SIMPLY GOING TO BE ABOUT THE REPORT FROM NOW ON THE ADMINISTRATION CAN TALK ABOUT DEFENSE SPENDING OR INFRASTRUCTURE OR IMMIGRATION WHATEVER IT IS AND EVERY QUESTION IS GOING TO GO BACK TO THIS REPORT WITH THE EXCEPTION OF MAYBE YOURS WELL YOU KNOW THATS RIGHT I MEAN FIRST OF ALL THIS IS A WHITE HOUSE THAT DOESNT BRIEF THE PRESS ANY MORE THEYRE NOT GOING TO FACE THIS TELEADVISED SPECTACLE OF THE WHITE HOUSE TRYING TO GET OUT THE LINE OF THE DAY.
 YOURE GOING TO SEE THE PRESIDENT LEAVING HERE SHORTLY THIS AFTERNOON IN A COUPLE HOURS AND REPORTERS WILL ASK HIM QUESTIONS.
 I EXPECT HE WILL TALK HES BEEN TWEETING VIGOROUSLY TODAY HE HAS A LOT TO SAY ABOUT THIS.
 I EXPECT WERE GOING TO GET LENGTHY COMMENTS FROM THE PRESIDENT HERE I DONT GET THE SENSE THEYRE GOING TO REBUT MUCH OF THIS AT ALL.
 THEYRE GOING TO LET THIS SIT AND RETREAT TO THE HEADLINE OF NO OBSTRUCTION NO COLLUSION AND ON THE SMALLER THINGS LET ALL THAT GO.
 THERES SOME STUFF IN HERE ABOUT SARAH SANDERS AND HOW SHE RESPONDED TO THE COMEY FIRING BY SUGGESTING FBI AGENTS INSIDE THE BUREAU HAD LOST CONFIDENCE IN COMEY AND THEY HAD HEARD FROM COUNTLESS MEMBERS OF THE FBI WHO SAID THEY DIDNT LIKE COMEY IN HER INTERVIEW WITH THE SPECIAL COUNSELS TEAM SHE ADMITTED THAT DIDNT HAVE ANY BASIS IN FACT AND IT WAS A SLIP OF THE TONGUE OR SHE JUST KIND OF SAID IT AT THE TIME AND DIDNT REALLY BASE IT ON ANY FACTUAL BASIS.
 YOU KNOW THOSE SMALLER THINGS DOESNT SEEM LIKE THE WHITE HOUSE IS GOING TO ADDRESS AT ALL THEY MAY JUST LET THEM ALL GO THEYRE CONTENT WITH THE WIN HERE AND THEY FEEL LIKE THEYVE HAD A BIG POSITIVE POLITICAL DAY.
 IM NOT SURE HOW MUCH OF A WIN THERE IS I GOT THROUGH THE FIRST 50 PAGES OF THE REPORT THERES SOME MATERIALALITY WHEN IT COMES TO WHETHER OR NOT THE CAMPAIGN EXPECTED TO BENEFIT FROM RUSSIAS ACTIONS AND INTERFERING.
 NOT RISING TO THE LEVEL OF CRIMINALITY.
 BUT FROM A MARKET PERSPECTIVE THIS MAY IN MANY WAYS TURN NEUTRAL IN SO FAR AS WERE SEEING A RESYNCHRONIZATION OF CHINESE AND AMERICAN ECONOMIC GROWTH EUROPES THE OUTLIER AT THE MOMENT WERE SEEING THE FED BACK OFF AND CENTRAL BANKS START TO STIMULATE IF TODAYS RETAIL SALES NUMBER WERE ANY INDICATION OF WHERE WERE GOING FROM HERE THE MARKET MAY RETURN THE ATTENTION TO FUNDAMENTALS AND MAYBE IGNORE DAMAGE YOU FOR BRING IF RIGHT BACK DOWN THE CNBC LANE.
 ITS AMAZING THE RETAIL SALES NUMBER BETTER THAN EXPECTED.
 JOBLESS CLAIMS UNDER 200000 GDP REVISIONS ARE GOING UP AT GOLDMAN SACHS AND OTHERS ITS AMAZING THAT THIS IS GETTING ALL THE HEADLINES AND IF YOU JUST FOCUSED ON THIS YOU WOULD THINK THIS IS THE ONLY THING HAPPENING OUTSIDE OF THIS AMERICA ROLLS ON AND THE ECONOMY ROLLS ON AND THE PRESIDENT WILL HAVE A STRONG ECONOMY MOST LIKELY BEHIND HIM IN THAT REELECTION BID.
 MOST LIKELY AND OUR VIEW OF PIMCO IS THAT WELL SEE 2 2 12 GROWTH HERE IN THE UNITED STATES YOU HAVE THE EFFECT OF FADING FISCAL STIMULUS AND YOU HAVE A BIG IMPULSE FROM THE TAX BILL THAT WAS PASSED IN LATE 2017 AND A BIG SPENDING BILL THAT WAS PASSED IN 2018 ANOTHER AREA OF THIS MUELLER REPORT THAT COULD INFORM RELATIONS WITH CORNING THAT COULD BE RELEVANT IS THIS IDEA OF THE FISCAL CLIFF OF THE MARKETS ARE NOT FOCUSED ON THIS RIGHT NOW THATS BECAUSE IF COULDNT DOESNT STEP IN AND KEEP SPENDING LEVELS AT THE RATE THEY ARE NOW COME JANUARY 1st OF 2020 WE COULD SEE A HALF A PERCENT HEAD WIND OF ECONOMIC GROWTH BECAUSE OF THIS BIG DRIVEDOWN IN SPENDING.
 I THINK WE ALL UNDERSTAND THAT CONGRESS IS EXPEDIENT.
 THEYRE NOT GOING TO WANT TO DO THAT GOING INTO  THEY MAY WANT TO DO THAT.
 JOHN HARWOOD.
 I WANTED TO MAKE ONE POINT WHICH IS THAT IN TERMS OF THE EFFECT ON THE LEGISLATIVE AGENDA THERE REALLY ISNT MUCH OF A LEGISLATIVE AGENDA IN THEORY THE ADMINISTRATION WANTS AN INFRASTRUCTURE PLAN BUT REPUBLICAN LEADERS IN CONGRESS DONT AND THE KIND OF PLAN THE ADMINISTRATION WANTS IS NOT WHAT DEMOCRATS WANT SO OTHER THAN THE USMCA WHICH IS SIGNIFICANT THERE ISNT MUCH THAT CONGRESS MIGHT DO IN THE ABSENCE OF THIS MUELLER REPORT I THINK THATS IMPORTANT AND ALSO  LET ME ASK YOU LIBBYS POINT IF I CAN WERE RUNNING OUT OF TIME DO YOU BELIEVE ITS NOT ONLY BECAUSE THE REPORT BUT MAYBE THE REPORT LAYERS ON THAT THE U.S. CONGRESS DEMOCRATS AND REPUBLICANS BOTH WILL PLAY ECONOMIC CHICKEN WITH THE FISCAL CLIFF AND THE U.S. ECONOMY I DOUBT IT.
 I DONT THINK DEMOCRATS APPROACH THESE ISSUES DIFFERENTLY FROM REPUBLICANS AND WHILE THEYLL FIGHT FOR THEIR POLICY PRIORITIES I DONT THINK THAT A NANCY PELOSI LED HOUSE WOULD ENGAGE IN THE DEGREE OF BRINKS MANSHIP WEVE SEEN IN THE PAST LETS HOPE.
 535 MEN AND WOMEN FIGHTING WHILE OTHERS MAY SUFFER.
 EAMON JAVERS GOOD TO SEE YOU ARE WELL WERE JUST GETTING STARTED ON THE EXCHANGE HERES WHAT ELSE IS COMING UP.
 AHEAD THE CEO OF BB  T JOINS US WELL TALK EARNINGS THE PROGRESS ON ITS BIG MERGER AND THE OUTLOOK FOR THE ECONOMY.
 IPO BONANZA INVESTORS PIN THEIR HOPES ON PINTEREST AND ZOOM ZOOMS HIGHER.
 SHOULD YOU GET IN?
 AND COULD 21 SOON BE THE NEW 18 WHEN IT COMES TO TOBACCO?
 WELL EXPLAIN.
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 Better Life.i HNCHS SO MUCH TALK ABOUT THE POSSIBILITY OF AN ECONOMIC SLOWDOWN ITS IMPORTANT TO LOOK YOJD THE GOVERNMENT DATA LETS DO MORE OF THAT BY DIVING INTO BB  TS LATEST QUARTER KELLY ITS GREAT TO HAVE YOU ON THE PROGRAM SO MUCH DISCUSSION ABOUT A POSSIBILITY OF A SLOWDOWN HOW IS BB  T SEEING LOAN DEMAND GLAD TO BE BACK LOAN DEMAND IS ACTUALLY VERY GOOD ACTUALLY PRODUCTION IS VERY HIGH. OUR PIPELINE WHERE WE MEASURE ALL THE APPLICATIONS AND PROCESS ARE AT AN ALL TIME HIGH. AND SO WERE SEEING A BROAD BASE LEVEL OF CONFIDENCE A BROAD BASED LEVEL OF WILLINGNESS TO BORROW MONEY TO INVEST AND PLANTING CAPITAL AND EQUIPMENT OVERALL ITS VERY GOOD ON THE STREET DOESNT MATCH UP WITH THE NATIONAL RHETORIC YOU HEAR IN YOUR EXPERIENCE YOUR LONG HISTORY OF RUNNING A BANK TO PEOPLE BORROW MONEY DO BUSINESSES BORROW MONEY WHEN THEY SENSE A SLOWDOWN IS IMMINENT THEY DO BRIAN. ITS INTERESTING THEY DO YEAH THEY DO I TRAVEL AROUND AND TALK TO LOTS OF BUSINESS PEOPLE ONE ON ONE AND SO WHEN I TALK TO THEM THEY TALK ABOUT THEIR BUSINESS.
 THEYRE CHATTING ABOUT THE NATIONAL ISSUES.
 WHEN YOU GET RIGHT DOWN TO WHAT THEYRE GOING TO DO THEY FOCUS ON THEIR BUSINESS.
 SO IF THEIR ACTUAL MARKET IS SLOWING DOWN THEY WILL REDUCE THEIR INVESTMENT BUT IF ITS JUST A LOT OF A GENERAL CONVERSATION THEYLL TALK ABOUT IT.
 MIGHT CAUSE THEM EASINESS.
 THEYLL FOCUS ON RUNNING THEIR BUSINESS FORRAL THE NUMBERS THE QUARTER AND THE YEAR SO FAR DO YOU BELIEVE WE WILL BE IN A RECESSION IN 12 TO 18 MONTHS YOU KNOW I ACTUALLY DO NOT ILL BE HONEST 6 OR 8 9 MONTHS AGO I WAS A LITTLE MORE CONCERNED ABOUT THE POSSIBILITY OF THAT.
 THERE WAS SO MUCH RHETORIC ABOUT TEN YEARS AFTER A WHILE EVERYBODY BEGINS TO HAVE THAT EFFECT BUT AS IVE GOTTEN AROUND AND TALKED TO BUSINESS PEOPLE AS I SEE THE STRENGTH JUST WHAT YOUVE BEEN REPORTING IN THE LAST HOUR OR SO.
 STRONG RETAIL SALES LOW UNEMPLOYMENT LOW JOBLESS CLAIMS NO MAJOR GEO POLITICAL RISK THAT SEEMS TO BE EMINENTLY PROBLEMATIC I DONT SEE AND CERTAINLY IN THOSE 12 TO 18 MONTHS I DO NOT SEE AN IMMINENT SLOWDOWN I THINK THAT YOU COULD HAVE SOME EXISTENTIAL FACTORS THAT COULD CAUSE THAT I DONT THINK ITS PREDICTABLE AT THIS HAD TIME ONE THING THAT STOOD OUT TO ME IT WAS A LITTLE SHOCKING I GUESS YOUR NET INTEREST MARGIN ROSE ONLY TWO BIPS LITERALLY. A TINY PERCENT WELL TAKE WHAT WE CAN GET. IT ROSE EVEN AS INTEREST RATE S LOWERED.
 HOW DID THAT HAPPEN?
 REAR A REALLY BIG COMMUNITY BANK WE OPERATE OUR REGIONAL BANK STRUCTURE WERE IN A LOT OF RURAL AREAS METRO URBAN AREAS AS WELL. WE HAVE A LOT OF STABLE DEPOSITS THEYRE MORE FOCUSED ON RELATIONSHIPS A LOT OF SMALL BUSINESS CLIENTS AND SO IT OUR NIM PRESSURE IS MORE A FUNCTION OF WHATS HAPPENING IN OUR LOCAL MARKETS THAN IT IS IN THE NATIONAL MARKETS. WHEN YOU HEAR A LOT OF NATIONAL DISCUSSION ABOUT CHANGES IN NIM IT DOESNT INHERENTLY AFFECT US. IF WE DO SOME EXTERNAL LARGE FUNDING THAT WILL MOVE OUR NIM AROUND A LITTLE BIT BUT IN THIS PARTICULAR QUARTER WHAT WE REALLY SAW WAS THAT OUR FUNDING WAS INCREASING BUT OUR RATE OF RETURN ON ASSETS WAS INCREASING AT A FASTER RATE YOU KNOW ONE QUICK LAST QUESTION YOURE PAYING AN ADVERTISING AGENCY A LOT OF MONEY TO COME UP WITH A NEW BRAND BETWEEN SUN TRUST AND BB  T WHEN YOU MERGE. CAN YOU GIVE US A HINT AS TO WHAT THATS SHAPING UP TO BE SUN TRUST AND BB  T COULD MORE TOGETHER LIKE A KIDS DRINK IF YOURE NOT CAREFUL THE REASON WE DECIDED TO PICK A NEW NAME VERSUS USING EITHER ONE OF THE OTHERS OUR MERGER IS ABOUT IMPROVING PROFITABILITY WHICH IT DOES ENORMOUSLY ITS ABOUT LINING FORWARD MAJOR INVESTMENTS AND INNOVATION TECHNOLOGY ITS ABOUT GETTING EXCITING ABOUT MEETING THE NEEDS OF THE CLIENTS IN TERMS OF TECHNOLOGY AND TRUST KIND OF THAT RELATIONSHIP BETWEEN TECHNOLOGY AND BRANCHS AND SO WE WANT TO NAME THE POINTS FORWARD THAT EXCITES OUR CLIENTS OUR ASSOCIATES AND THE MARKET IN GENERAL TO SAY THIS IS AN INSTITUTION THAT IS MOVING FORWARD IS ENERGIZED AND TRYING TO TAKE CARE OF THE COMMUNITY AT LARGE AND CLIENTS IN PARTICULAR WE THINK WE CAN FIND SUCH A NAME GOOD LUCK WE DO WISH YOU LUCK APPRECIATE THAT HAVE A GOOD EASTER THANK YOU.
 ON DECK THE TRADE WAR COMES HOME HOW CHINA AND WISCONSIN ARE NOW IN A FIGHT AND ITS OVER WHAT SOME SAYS FOXCONNS BROKEN PROMISES FIRST TO THE MOON ZOOM BOTH STOCKS TRADING DO WE NEED TO LEARN FROM LYFT THAT ONE DAY DOES NOT AN INVESTMENT MAKE?
 Who says our bank isnt tech enough?
 Everyone look at your phones.
 The design thinking the digital engineering security blockchain and we will be first to market!
 Yes.
 When we do we launch?
 Unfortunately in 2 or 3 hours.
 Why the delay?
 i Cognizant is helpingi i banks use digital technologiesi i at scale toi i advance speed to market.i PINTEREST AND ZOOM MAY BE GETTING ALL THE HEAD LINING LOVE TODAY.
 THEYRE NOT THE ONLY NAMES YOU NEED TO WORRY ABOUT ABOUT SECOND QUARTER PROFIT GUIDANCE BELOW FORECAST THAT STOCK IS DOWN HONEY WELL IS UP THEY POSTED STRONG RESULTS AND RAISED THEIR FULL YEAR FORECAST THE COMPANY SAYING ITS ALL STRONG DEMAND FOR ITS AEROSPACE PRODUCTS AND TRAVELERS TAKING A JOURNEY HIGHER TODAY LEADING THE DOW.
 DIVIDEND AND NET STOCK IS HIGHER LETS GET TO CORN TESSA BREWER DEMOCRATS VYING FOR THE PARTY IN THE 2020 PRESIDENTIAL NOMINATION INCLUDING KIRSTEN GILLIBRAND SHE HAD SOME HARSH WORDS ABOUT BARRS NEWS CONFERENCE THIS MORNING.
 THE ATTORNEY GENERAL OF THE UNITED STATES IS SUPPOSED TO REPRESENT THE PEOPLE OF THE UNITED STATES HES NOT SUPPOSED TO REPRESENT PRESIDENT TRUMP BY HAVING THIS PRESS CONFERENCE TODAY MISLEADING THE AMERICAN PEOPLE WAS NOT APPROPRIATE INVESTIGATORS THINK AN ELECTRICAL SHORT CIRCUIT MOST LIKELY CAUSED NOTRE DAMES CATHEDRAL FIRE THE INVESTIGATORS DONT HAVE THE GREEN LIGHT TO WORK IN THE CATHEDRAL BECAUSE OF SAFETY CONCERNS RESCUE SERVICES USE TWO CRANES TO PULL OUT A BUS KILLED 29 AND INJURED 28 PEOPLE.
 THE BUS WAS LYING ON ITS SIDE WITH PART OF ITS ROOF TORN OFF THANK YOU VERY MUCH A PAIR OF TECHNOLOGY UNICORNS MILLION DOLLARS IN THE PUBLIC MARKET ARE SURGING AFTER THEIR PUBLIC DEBUTS TODAY.
 PINTEREST BRYCING ABOVE THE HIGH END OF THE RANGE OF 19 A SHARE. OPENED UP 25.
 THAT SOUNDS GOOD UNTIL YOU HEAR THIS ZOOM VIDEO COMMUNICATIONS PRICED AT 36 A SHARE.
 ONLY OPENED UP 80 LETS TALK ABOUT BOTH START WITH BEN SILVERMAN CALLING SIDEWALK ALLY THE COMPANY IS MORE ABOUT UTILITY FOR PEOPLE TO GET THINGS DONE AND LESS OF A PLACE TO TALK FOR FRIENDS OR TO FOLLOW CELEBRITIES WE ARE NOT A SOCIAL MEDIA COMPANY.
 FOR MORE LETS BRING IN DIRECTING MANAGER OF LOOP VENTURES AMAZING RESPONSE TO PINTEREST.
 ARE YOU SURPRISED?
 A 25 POP?
 EITHER THE BANKERS SCREWED UP IN PRICING IT OR PEOPLE REALLY LIKE PINTEREST.
 ITS A DISCOVERY PLATFORM ITS NOT A SOCIAL NETWORK.
 WE THINK IT WILL BE COMPED LIKE A SOCIAL NETWORK THE GOOD THING ABOUT PINTEREST IS ITS A GREAT BUSINESS.
 PEOPLE TELL PINTEREST HOW THEY SEE THE WORLD IN PICTURES.
 FACEBOOK AND TWITTER ARE TRADING 6 TO 8 TIMES NEXT YEARS RE REVENUE.
 IT FEELS LIKE THE MARKET IS PRICING IN A LOT OF THAT  FIRST OF ALL I THINK THE TERM SOCIAL MEDIA IS OUTDATED AND DONE DO YOU THINK THERE WAS A STRATEGIC REASON WHY THE CEO OF PINTEREST KEPT SAYING WERE NOT SOCIAL MEDIA YOU WANT THAT STAIN?
 YEAH I THINK SOCIAL MEDIAS A BAD WORD RIGHT NOW TWO WORDS TWO BAD WORDS COMBINED INTO ONE.
 I THINK YOU LOOK AT FACEBOOK AND TWITTER AND WHATS HAPPENED WITH THEM PUBLIC SENTIMENT AROUND  ESPECIALLY PRIVACY ON FACEBOOK BUT THE CONVERSATION POLITICALLY.
 THE DISCOURSE IS DIFFICULT ON BOTH PLOOT FORMS PINTEREST TALKS A LOT ABOUT EMPOWERING THEIR USERS ITS A DIFFERENT MESSAGE THAN WHAT WERE SEEING FACEBOOK AND TWITTER DOING WITH THEIR USERS WHERE YOU HAVE FOMO AND DEPRESSION BESIDES YOU YOU KNOW WHATS AMAZING IF A STOCK FALLS 25 EVERYONE SCREAMS WALL STREET REALLY SCREWED THAT UP IF A STOCK RISES 25 NOBODYS SAYING ANYTHING ITS STILL OBVIOUSLY 25 MISPRICED YOU SEE WHERE IM GOING WITH THIS YEAH ITS TOUGH TO PRICE AN IPO PERFECTLY IF IT CLOSED FLAT TODAY PEOPLE WOULD COMPLAIN ABOUT THAT TOO IN TERMS OF PINTEREST THIS COMPANY SOLD PRIMARY SHARES ONLY WHICH MEANS THAT ALL OF THE MONEY RAISED FROM THE IPO WENT BACK INTO THE COFFERS OF THE COMPANY THERE WERE NO SELLING SHAREHOLDERS THAT WERE RAISING MONEY TO FUND THEIR OWN POCKETS.
 WHAT THAT MEANS ESSENTIALLY IF YOU SEE A 25 POP THAT IS A LOSS OF CAPITAL THAT IS MONEY LEFT ON THE TABLE THAT PINTEREST COULD HAVE OTHERWISE USE TO REINVEST IN THEIR BUSINESS THAT SAID IS IMPORTANT TO KEEP INVESTORS HAPPY.
 YOU WANT INVESTORS THAT ARE GOING TO STICK AROUND FOR THE LONG RUN THROUGH THAT SIX MONTH LOCKUP PERIOD WHICH EXPIRES IN ABOUT 180 DAYS YOU WANT PEOPLE THAT CAN STICK AROUND AND THE BEST WAY TO MAKE THEM HAPPY IS MONEY BRIAN.
 IT CERTAINLY IS LETS MOVE ON TO ZOOM VIDEO IF YOU THOUGHT PINTEREST IS DOING WELL ZOOM NEW TICKER ZM SOARING UP MORE THAN 75.
 ZOOM GETTING A LOT OF LOVE BUT IT ALSO FACES A LOT OF COMPETITION P.M. ZOOCHMS PERFORMANCE SAYS A T ABOUT OTHER TECH NAMES THAT HAVENT BEEN ABLE TO GAIN ON THIS VIDEO CONFERENCING.
 ZOOM COMES OUT OF NOWHERE AND TAKES THIS FIELD AND IS THE LEADER AND KNOWN TO BE EASIER TO USE AND PART OF THE REASON FOR THAT IS BECAUSE IT STARTED IN THE CLOUD.
 SOME OF THE OTHER COMPETITORS AND BIG NAMES IN THIS SPACE STARTED ON ANTEQUATEZ CONFERENCE CALL HOW CAN IT CONTINUE TO COMPETE AGAINST THESE CAPITALIZED BIG TECH NAME COMPETITORS.
 THEYVE BUILT A COMPANY THAT WAS MORE SIMPLE AND EASIER TO USE.
 YOU CAN UNDERSTAND HOW IT MAY BE CONTINUING TO USE THIS STRENGTH?
 DEIRDRE BOSA GREAT DISCUSSION THANK YOU VERY MUCH.
 HERES WHATS AHEAD ON THE EXCHANGE COMING UP CANNABIS CONSOLIDATION HEATS UP COULD BIG CHANGES BE COMING TO THE TOBACCO WORLD? THIS IS THE TOBACCO INDUSTRY TRYING TO GET AHEAD OF RESTRICTIONS THAT MAY COME OUT WHY NOW?
 PLUS A RECYCLEABLE SNEAKER. HERES THE THING A LOT OF STATS WE CAN THROW OUT HERE HERES ANOTHER ONE 90 OF CURRENT SMOKERS TRIED A CIGARETTE BY THE TIME THEY WERE THERE ARE 16 MILLION AMERICANS WITH A SMOKING DISEASE IN AMERICA RIGHT NOW.
 AND A FOLD FAIR THATS ALL AHEAD IN RAPID FIRE. ITS YOUR BEAT HERE WHATS THE REACTION WHAT DO YOU THINK. BUT YOU COULD PUT IT HERE IN THIS POCKET A LITTLE EASIER.
 We see homes staying cooler without the planet getting warmer. At Emerson when issues become inspiration creating a better world isnt just a result its a responsibility. Emerson. Consider It Solved. IM LOOKING AT THE ACREAGE BUSINESS THEY HAVE BILL WELD A GUY RUNNING FOR PRESIDENT. I FEEL LIKE CANOPY MAY BE BUYING THAT INFLUENCE LETS GET DOWN TO BUSINESS WEEDS A COMMODITY EVERYBODYS GOING TO BE ABLE TO GROW IT. HE MIGHT HAVE ADIDAS JUST RELEASED A NEW RUNNING SHOE MADE FROM 100 RECYCLEABLE MATERIAL ONCE YOUR SHOES HAVE FALLEN APART YOU CAN RETURN THEM TO AIDID AS WHERE THEY RECYCLE FOR THE COMPONENT TO MAKE A NEW PAIR OF KICKS ZION WILLIAMSON SHOULD BE THEIR SPOKESPERSON I WAS THINKING. THEY SIGNED KANYE TO A SNEAKER DEAL HES NOT REALLY RUNNING ANYWHERE BUT THOSE SNEAKERS ARE SO COOL THEY DONT NEED TO RUN ANYWHERE. I THINK ITS A BIGGER PROBLEM RIGHT NOW.
 LETS CATCH YOU UP ON A FEW STORIES THAT SHOULD BE ON YOUR RADAR RIGHT NOW. RAPID FIRE WE HAVE BILL GRIFFITH KATE ROGERS FRANK COLIN ONLY ONE OF U.S. WILL EMERGE ALIVE ARE WE GOING TO GET A WORD IN EDGEWISE HERE MY FRIEND I WANT TO SURVIVE YOU WIN MITCH McCONNELL ANNOUNCING A BILL THAT WILL PUMP THE NATIONAL MINIMUM AGE FROM 18 TO 21. WHAT DO YOU THINK GIMMICK OR REAL  IT SOUNDS LIKE ADIDAS WANTS TO GIVE THIS RIGHT THEYRE GIVING IT TO 200 RUNNERS TO TEST THEM OUT THEY WANT TO MAKE SURE  THEY REALLY GET THIS RIGHT. YOU RAN THE MARATHON? FINALLY WERE MOVING ON. SOME REVIEWERS WHO GOT THIS PHONE EARLY REPORTED IT BROKE TODD HALE FOUND THE SCREEN WAS FLICKERING AFTER JUST TWO DAYS SAMSUNG A REAL PROBLEM? OR THEY JUST HAVENT FIGURED IT OUTIEST. NOVELTY IS A BIG SALES ITEM FOR TECHNOLOGY THIS WAS NOVEL TO HAVE THE FOLDING PHONE. BUT I THINK THEYRE GETTING AHEAD OF THEMSELVES NOW THEYRE RUSHING PRODUCTS TO MARKET BEFORE THEYRE READY AND THEY COST TOO MUCH NOW BY THE WAY 1980 FOR A FOLDABLE PHONE IS BECOMING TOO COMPLICATED AND TOO EXPENSIVE. I DONT KNOW ABOUT THAT I TALKED TO TODD ABOUT THIS A LITTLE DEEPER HE SAYS THE RESOLUTION ON THE SCREEN ISNT AS GOOD AND THE COLORS ARENT AS IF YOUR WHOLE SELLING POINT IS THAT THE SCENE IS BETTER SOME OF THE VIEWERS ACCIDENTALLY THEY TOOK IT OFF THINKING  HE DID NOT DO THAT. SOME PEOPLE DID BUT ITS NOT A REMOVABLE SCREEN THEY PEELED THE SCREEN OFF HE TWEETED UP CLOSE PHOTOS THAT HE DID NOT DO THAT AND HIS SCREEN STILL WAS FLICKERING.
 ITS A BILL NOT A LAW YET IT WOULD ALSO APPLY TO VAPPING PRODUCTS WE SHOULD KNOW SOME STATES IN AMERICA HAVE A MINIMUM AGE OF THIS WOULD BE A SYMBOLIC MOVE. HOW LONG DO THEY LAST I THINK CONSUMERS CARE MORE AND MORE BEFORE THIS MORE COMPANIES ARE PAYING ATTENTION TO ECOFRIENDLY MARKETING THINGS IN THIS WAY YOU. REMEMBER HOW MUCH HYPE SAMSUNGS FOLDABLE PHONE GENERATED ITS GOT A 2000 PRICE TAG. CALL ME OLD FASHION BUT I DONT NEED MY PHONE TO FOLD IN HALF I NEED IT TO HAVE A NICE CAMERA GOOD RECEPTION AND KIND OF LOOK COOL I DONT CARE THAT MUCH I WOULDNT BUY THIS IM NOT WHO THEYRE MARKETING TO WOMEN AND MEN WE KEEP OUR PHONE HERE OR IN OUR JEANS POCKET HAVING A PHONE THAT CAN FLEX A LITTLE BIT WHEN YOURE A GUY HELPS OUT FRANKLY DOES IT NOT BUT THE PHONE ISNT FLEXIBLE.
 THERE WAS A 75 INCREASE IN THE USE OF VAPPING BY TEENS. YOU ARE THE YOUNGEST ONE ON THIS PANEL DO YOU BELIEVE RAISING THE AGE  IM NOT ASKING YOU TO REVEAL ANY PERSONAL DETAILS ABOUT HIGH SCHOOL DO YOU BELIEVE THAT RAISING THE AGE OF SOMETHING DOES PREVENT PEOPLE FROM DOING IT I WAS AN ANGEL IN HIGH SCHOOL I AM STILL TODAY I THINK IF KIDS WANT TO GET THEIR HANDS ON SOMETHING WE CAN PREVENT IT BY PUTTING LAWS LIKE THIS IN PLACE LIKE I SAID WHEN S THAT  SELLING JUUL PODS AT THE HIGH SCHOOL CANNABIS CONSOLE DAGS STRIKING A 4.3 BILLION DEAL TO BUY ACREAGE HOLDING. THAT DEAL WILL TAKE EFFECT AFRICAN IN A BUS HAS BEEN LEGALIZED IN THE U.S. WHILE LEGAL CANNABIS SALES HAVE BEEN CLIMBING THIS YEAR SO FAR THE BLACK MARKETS HAVE BEEN RISING WHATS THE FUTURE BILL OF THIS INDUSTRY YOU KNOW WHAT I FIND INTERESTING THIS IS A FUTURES CONTRACT FOR CANOPY. STOP THE APPRECIATIONS.
 SURPRISE SURPRISE THE TOBACCO COMPANIES ARE SUPPORTING SAID LEGISLATION TO RAISE THE MINIMUM AGE FOR SMOKING TO 21. LOCKING IN A PRICE BUT AT THE SAME TIME I WONDER WHY ACREAGE WOULD DO THIS DEAL IF THEYRE LOCKING THEMSELVES INTO ITS A 43 PREMIUM OVER THE COMPANYS VALUATION RIGHT NOW WHATS TO SAY THEY COULDNT SEE AN EVEN HIGHER VALUATION AFTER WE DO INEVITABLY SEE  YOURE SAYING THIS COULD BE A SIGN OF LACK OF OPTIMISM CANOPY IS MAKING A SMART PLAY ACREAGE IS A MULTISTATE OPERATOR THIS IS CONTINGENT ON FEDERAL LEGALIZATION BUT REALLY SMART MOVE FOR CANOPY AND CONSTELLATION WHICH I KNOW YOU HAVE YOUR EYE ON YEAH. HERES THE THING DONT COME AT THIS AS A BUSINESS JOURNALIST YOURE A 65 INCH DUDE I DONT KNOW IF YOU RUN. KATE ROGERS YES OR NO 2000 PHONE NO NOT FOR ME.
 JUUL IS IN SUPPORT OF 21 YEARS OLD TO BUY TOBACCO ABOUT THE McCONNELL RELEASE DID HAVE SOME DISTURBING ITEMS INCLUDING MIDDLE SCHOOLERS ARE STARTING TO VAP. THEY HAVE SOME WARRANTS WHERE THEY CAN SIMILAR OPTION THEY CAN DECIDE TO BUY MORE STAKE IN CANOPY A LOT OF PEOPLE ARE TALKING ABOUT THE CANNABIS PLAY. AND JOHN BOEHNER  SO IVE BEEN TOLD UP NEXT LETS TALK ABOUT RECYCLEABLE SHOWS. SHE TOLD ME HE TOLD ME. I HEARD IT FROM YOU. KNOW WHAT THEY CARE ABOUT MORE NOT ROLLING THEIR ANKLE OR HAVING THEIR KNEES HURT WHEN THEY JOG RECYCLING IS BECOMING A BIG BUSINESS RIGHT NOW AND AS WE ALL KNOW JASON MOMOA JUST SHAVED HIS BEARD FOR THE OBVIOUS REASON THAT HES PROMOTING ALUMINUM AS A RECYCLING THING. LISTEN WE RUN IT HURTS THE SHOES GOT TO WORK FIRST AND FOREMOST ZION WILLIAMSON WAS A PERFECT EXAMPLE IF THE SHOE CANT HOLD UP ITS A PROBLEM IT THIS IS REALLY DIFFERENTIATION. ADIDAS HAS BEEN TRYING TO INCREASE ITS MARKET SHARE. BUT YOU NEED TO GET IT RIGHT WE TALKED ABOUT APPLES WIRELESS CHARGING MAT THAT THEY PULLED FROM THE MARKET BECAUSE THEY SAID IT WASNT READY WHERES THE BUTTON I PRESS A BUTTON AND YOU AND YOU FALL INTO THE ALLIGATOR PITS AND I SURVIVE YOU SURVIVE ALL I CAN SAY IS IM EXHAUSTED NOW.
 I TOTALLY AGREE WITH THE MARKET IT SEEMS LIKE CANDY AND YOU DONT REALIZE THERES NICOTINE IN IT ITS NOT GOOD FOR YOU THERES MONTH NICOTINE IN IT THAN IN REGULAR CIGARETTES SO ITS TIME TO GO TO 21 ANYWAY THEY SHOULD HAVE DONE THAT YEARS AGO THE DRINKING AGE IS 21 A LOT OF STATES AND TOWNS HAVE ALREADY RAISED IT TWO THINGS CAN BE RIGHT AT THE SAME TIME. ITS ALSO GOOD FOR PUBLIC. COME ON TRENDING STORIES WITH BILL GRIFFITH ONE MORNING.
 OKAY I WILL.
 FOXCONN FAILS TO DELIVER ON JOBS IN SCSIHAWIONN WT THE GOVERNOR PLANS TO DO ABOUT THAT NEXT looked at chart patterns. Ive even built my own historic trading model.
 And youre still not sure if you want to make the trade?
 Exactly.
 Sounds like a case of analysis paralysis.
 Is there a cure?
 TD Ameritrades trade desk.
 They can help gut check your strategies and answer all your toughest questions.
 Sounds perfect.
 See your stress level was here and I got you down to here Ive done my job. FOR MORE ON THIS BIG STORY LETS BRING IN ONE OF THE REPORTERS NOLLING THAT STORY FROM THE BEGINNING RICK THANK YOU VERY MUCH FOR JOINING US CNBC WAS THERE WE WERE IN KENOSHA AS WELL A LOT OF PROMISE WHAT APPEARS TO BE FALLING THROUGH THE CRACKS HERE? WELL YOU KNOW WERE ALL SORT OF WAITING TO SEE WHETHER FOXCONN WILL COME THROUGH ON WHAT IT HAS SAID IT WILL DO AND I THINK ITS FAIR TO SAY THAT THE PROGRESS TOWARD THOSE GOALS HAS BEEN SLOW. HOW SLOW AS IN SLOW WERE GETTING THERE EVENTUALLY OR SLOW AS IN THE CAR IS NOT MOVING DOWN THE HIGHWAY THE CAR IS MOVING IT MIGHT BE MOVING AT 25 MILES AN HOUR OR SOMETHING. THEYVE MADE MULTIPLE CHANGES TO THEIR PLANS FOR THIS PLANT INITIALLY THEY SAID IT WAS GOING TO BE A GENERATION 10.5 FLAT SCREEN PLANT WHICH IS THE LARGEST MOST EXPENSIVE TYPE OF PLANT IN THIS INDUSTRY FINALLY MIDDLE OF LAST YEAR THEY ACKNOWLEDGED NO WERE NOT GOING TO BUILD A GENERATION 10 PLANT ITS GOING TO BE A GENERATION SIX PLANT SMALLER LESS COSTLY A MONTH OR TWO AGO IT LOOKED LIKE THEY WERE THINKING ABOUT BACKING AWAY FROM BUILDING A FACTORY AT ALL IN WISCONSIN THEN THE PRESIDENT DONALD TRUMP GETS ON THE PHONE TO CHAIRMAN OF FOXCONN ALL OF A SUDDEN WITHIN HOURS THEY COME OUT WITH A STATEMENT SAYING YES WE WILL BUILD THIS SMALLER TYPE OF FACTORY. FOXCONN CONTINUES TO MAINTAIN IT WILL CREATE 13000 JOBS A LOT OF PEOPLE IN WISCONSIN JUST DONT. THEYRE NOT BUYING THAT. DO YOU BELIEVE. DO YOUR NEIGHBORS BELIEVE THAT THIS PLANT WILL EVER GET BUILT I PERSONALLY YEAH I THINK THERES A GOOD CHANCE THAT SOMETHING IS GOING TO BE BUILT THERE I MEAN THEY ALREADY ARE THEY HAVE CONSTRUCTION UNDERWAY SO THEYVE PREPARED A VERY LARGE LIKE I DONT KNOW IT MIGHT BE 60 ACRE SITE THAT HAS GRAVEL COMPRESSED DOWN TIGHT TO BE THE BED FOR THE FOUNDATION OF THE PLANT. THEY LET CONTRACTS ABOUT 2 3 WEEKS AGO FOR 34 MILLION WORTH OF THE ACTUAL BUILDING CONSTRUCTION AND THATS THAT PART IS UNDERWAY AS FAR AS I CAN TELL AND THEY SAY THAT THIS SUMMER THEY WILL START BUILDING ACTUAL PHYSICAL VERTICAL CONSTRUCTION ITSELF WHEN THEY DO THAT YOU LET US KNOW YOU TAKE PICTURES WELL GET YOU BACK ON CNBC THANK YOU VERY MUCH. YOU BET THANK YOU BRIAN COMING UP THE SEARS DRAMA YOU THOUGHT IT WAS OVER ITS NOT. THE COMPANY IS SUING FORMER CEO EDDIE LAMB PERT AND OTHERS. CLUDING STEVEN MNUCHIN SEARS VERSUS STEVEN NEXT.
 i Call for a Strategy Gut Checki i with TD Ameritrade.i FOXCONN BACK IN FOCUS TODAY WITH ITS WISCONSIN JOBS PLEDGE BEING CALLED INTO QUESTION HE WANTS TO RENEGOTIATE THE DEAL SAYING THE COMPANY WILL NOT BE CREATING THE 13000 JOBS THAT IT PLEDGED.