have five or so upside. 5% could do it. [closing bell rings] liz: jason cats, ubs portfolio manager, bunch of "barron's" best. we're well off the lows. we're waiting ibm. a lot of you hold the stock. david and cheryl have the earnings on "after the bell." neil: markets ending well off their lows still solids any the red. the dow erasing half of yesterday's gains. hi, everybody, i'm david asman. cheryl: i'm cheryl casone i'm in for melissa francis this. is "after the bell." we have you vered on big market movers, here is what else we have for you at this hour. buy american, hire american. president trump signing a new executive order moments ago to create more job opportunity for americans. >> with this action we are

sending a powerful signal to the world. we're going to defend our workers, protect our jobs, finally put america first. cheryl: the president making these comments at snap-on tools in kenosha, wisconsin. we'll ask the ceo what the approximately's policies mean for his business. plus on this tax day, more signs that tax reform is going to be delayed. why treasury secretary steve mnuchin says that he is changing his stance from what he told fox business last month. and two tech titans out with their results at any moment. we'll bring you the numbers from yahoo! and ibm soon as they come out. david? david: expectations of a great earnings season driving markets a lot higher yesterday but today, a little bit of reality settling in. a pair of disappointing reports shaving most of the points off of the dow. particularly into the end of the trading season although it is way off its lows. let's go straight to lori rothman on the floor of the new york stock exchange. at one point, lori, i thought

the market would stay down under 200 points but it did recover from that low. reporter: i saw that a little after 2:00 eastern. i think a technical buy someone here on floor told me, why we came back down 113. we've sort of been at this level all day. we were up about this level on the dow yesterday. we're looking at treading water. so much for markets to digest. bad news with the geopolitics and tax plan being postponed. earnings were supposed to be the bright spot for investors. those two this morning goldman sachs and johnson & johnson huge dispointments. look at goldman sachs versus how they performed versus other stocks. all in the r. down almost 5% at the close. a lot worse than its peers. how is this? goldman sachs fell harder than this latest earnings announcement. the last time it fell or did this poorly rather was 2009. that is my point. that is saying something. a big bummer if you will for goldman sachs.

look at johnson & johnson how it wrapped up. johnson & johnson's poor results according to analysts will have implications for some other drug-makers. that weighed on entire sector david: bummer, i haven't heard that word a long time. thank you, lori. cheryl: hire american, buy american, president trump detailing a new policy for businesses in kenosha, wisconsin. jeff flock on the scene with the latest for us. jeff. reporter: what better place to do this, cheryl, than a successful american company. snap-on tools. you see the american flag behind me by the way. that is made out of snap-on wrenches what the company was foundedded by the wrench sales back in the '20s. great history of this company here in kenosha, wisconsin.

pictures of the president signing his executive order on buy american, hire american, specifically targeting the h1b visa program which the administration says is being abused now. also this concept of government agencies buying american products which the president says has been diluted over the years with all sorts of exceptions. here is what he told the crowd. >> the policy of our government is to aggressive promote and use american-made goods and to insure american labor is hired to do the job. it is america first, you better eve it. it is time. it is time, right? it is time. [applause] reporter: the problem is, cheryl, that the president doesn't have complete authority when it comes to the h1b visa program. it is now a lottery system.

he wants a married-based system. that is action to be taken by congress. he he is certainly encouraging companies. even called out the names of some companies he says are abusing the system currently by bringing low-paid workers. take a look at the numbers. 80% of the 85,000 immigrants that are brought into the country under the h1b visa program are being paid less than median in their field. unfair says president trump. just to leave you with the white house press corps here, reading the tea leaves on the warm welcome the president gave to his wisconsin natives reince prescribe bus and paul ryan. some question whether they're on the outs or not? didn't sound like that today. that is the wisdom of the white house press corps. i don't have any wisdom. cheryl: you have a lot of wisdom, jeff. that is probably a result of president trump meeting with silicon valley ceos. this proposal. jeff, thank you very much. david: joining me is gary

kaltbaum of kaltbaum capital management, a fox news contributor. dan henninger of "the wall street journal." mashable chief correspondent lance ulanoff. gary, first of all about these h1b visas. as we heard from jeff, 80% of them go to workers who are paid less than the median wage. the big question here are they hired because they're cheap or are they hired because the companies can't find talent elsewhere? >> combination of both, but leave no doubt, companies are trying to cut costs. i have seen companies that actually keep their workers on to train people that are coming in with visas and fire those workers. so it is pretty much been insane policy. it is good that it is looked at. it is good something will get done. david: yes. >> we need a much more level playing field. davi gary, i'm pushing you. we have breaking news. i want to squeeze it in here. yahoo! is reporting their first quarter results. ashley webster live in the newsroom. what are the numbers and how is

the market reacting, ashley? reporter: david, this is the last earnings report we will hear from of course yahoo! as they get sold to verizon. i will get into that in a minute. headline numbers, 14 cents was the estimate on earnings per share, coming in at 18 cents. that is a beat. revenue higher than expected at 1.33 billion, beats 1.23 billion. they continue to say in the report, david, that the deal for yahoo!, the $4.5 billion deal is expected to close june of 2017, june this year, which is exactly what it was supposed to be. so that is good news for investors who were worrying there might be a last-minute hitch. that apparently still on track. paid clicks were down 12% year-over-year. however, the price per click was up 10% ad sales up 2%. this somewhat historic, will be the last earnings report from the yahoo! we used to know. david: interesting. by the way a lot of h1b workers at yahoo!.

after-hours you see the stock is trading up a little bit but basically flat. cheryl, over to you. cheryl: we want to stay with yahoo!, bring in lance ulanoff, mashable editor-at-large. paid clicks down 12% year-over-year, lance. ad sales higher. what do you make of the dichotomy of the numbers? >> they're doing their jobs selling this stuff but the ads are worth less. that whole model of paying per clicks is kind of changing. you see how brands are integrating advertising into content which is really the milestone to go on. yahoo! is kind of built on the old model. that is kind of a shift there. at least they're selling a lot of it to make up the difference. cheryl: 224 billion online advertising market but yahoo! lost most of that. they're the up withs really almost invented the online ad sales model, if you will. they have 1 1/2% of the market overall. can the new company under

verizon bring back the glory days of yahoo! when it comes to ad sales do you think. >> i don't know. they will take yahoo! and take aol, their other property, slam them together into something called oath. they will have a lot more eyeballs to sell. yahoo!'s position on eyeballs trailed down as its position generally as a brand has trailed off. so can they bring back the glory days? probably not. it won't matter. it won't be a yahoo! per se. cheryl: do you think verizon will continue to put money into the content generation that yahoo! is paying for? talking about some high-ticket folks like katie couric and other correspondent? if you're on the website now, it is difficult to find a lot of that work. do you think verizon will cut the cord on that? >> yeah, i worry those are a couple of first things to go because it is difficult because of people like couric and david pogue, no matter what they will be fine but verizon may find a way to reposition them for the

broader brand but they will not invest tremendously on that kind of content. however, they may look at video because video is hot. cheryl: video is hot. lance, thank you for the insight. david: he will stay with us. cheryl: okay. david: we will talk again about buy american and hire american. lance, i want to go back to you and ask whether or not a lot of h1b workers, foreign workers hired with h1b visas, whether their jobs could be done by americans? because a lot of people in the, president saying that again today, the only reason they're hired, the only reason they get these visas because they're cheaper than american workers doing the same job? >> i've been working with the tech industry for decades. what i always heard they want skilled workers. they want people who understand technology. they want engineers, and over the years they found fewer and fewer of those people in america. that has been difficulty. and, i know it was interesting, betsy devos was there and trump talked about you know, she

really wants to help build these skilled workers with, technology workers, however trump immediately started talking about vocational schools which are not the same kind of training we need for coding and for engineering. so, this is actually going to put american companies, technology companies behind competitively others because it will slow down the hiring process. they will have to sit there and really look, scour the country for the people they need, when sometimes they're not -- david: they're not available, the point is, they're not available. but, dan, i'm wondering then if that is true, is this just social engineering on the part of the trump administration. >> yeah, i think to some extent it is. they're trying to force a result that as lance was just explaining isn't quite there yet. it is so interesting, betsy devos along, mostly this is a failure of the american educational system. these people who have been in these jobs it, was not their responsibility to see which way the market's going. that is something for the

companies have been asking for the schools to give people, train them with these schools -- skills for years. david: dan, as you know, this is a problem it takes years, if not decades to solve. >> well there has been some retraining of people working in other industries as lance was saying coding and so forth. this is specialized course. you do it for 18 months. you learn basics of coding. some of these jobs in the industry are virtually like factory jobs. we're not talking about high level coding to create new apps or new products but sustain a lot of systems already in place. if we got our act together, we should be able to produce people who can do jobs like that. but we need the education system to do it. cheryl: president trump also mentioned at today's event that tax reform will be on the way once health care is dealt with. his treasury secretary though told fox business it would be sealed and delivered to the president back in august. listen.

>> our objtive ito pass tax reform by the august recess and think that is a very aggressiv timetable but realistic, and something that the president and i are very committed to doing. >> so by august, voted done, agreed? >> and signed. cheryl: well, a lot changes in a month. mnuchin is now telling the financial times that that same deadline is highly aggressive and not realistic. i want to bring in our panel. what we're looking at, gary a few moments ago, kevin brady, chairman of the house ways and means committee said he will start hearings on tax reform next week. they will start the work, gary. this is after the bell this news is breaking. gary they said they will go ahead and get to work on tax reform. what do you think the market will make of that news tomorrow? >> look, we've seen a lot of confusion the last few weeks. one day they say it's a few months away. then we'll start it up. start it up yesterday. that is the best thing they can possibly do and here's why.

markets are expecting it. consumers are expecting it. businesses have been planning for it. the longer they put it off the worse things are going to be. when i heard not august, i'm real worried because there is something called 2018 coming up when politicians move all over the place based on whether they get elected or not. if they don't get something done, everything will be affected in a negative way. let's hope markets react well if they push this forward the next week or so. cheryl: what is interesting, dan, at the same time, kevin brady can of course begin hearings on that. there has been a been a lot the chatter, particularly at treasury what tax reform will look like. a lot of folks are excited what tax reform will look like. we haven't had meaningful reform in decades. at the same time the health care bill is a meaningful roadblock and to the schedule. dan, do you think we have issue with tax reform and delay? >> i think we do. health care reform looks dead in the water.

a lot of money involved in pulling off a vision of obamacare that was going to be wrapped into the baseline for tax reform. but i think chairman brady, house ways and means is on to something. they are going to move forward. look, they have a bill, the white house says they're going to start writing a bill. i suspect they are. but the house members have something that at the want to work on. they're going to push it forward. the question is, big question is, a, would they get support for their bill in the senate. and second thing is, the position of the democrats right now. we had the story today about them screaming for donald trump's tax returns. what that tells me is they're going into complete opposition on taxes as well. thinking if they force everything to come to a standstill, they will pick up the pieces in 2018. david: they will not get any democrats along on tax reform. british prime minister theresa may shocked the country calling for a early election. the move pushed the pound way

up, but led to stock losses by a lot of british companies that depend on cheap currency for all their exports. dan, the point here i think, if ingot it right, correct me if i'm wrong, they're trying to find a way to separate from the bureaucrats that interfere with business in europe but at the same time keep the trade routes open. is that what theresa may is trying to do? >> in large part. she is trying to earn a larger mandate. she is working off the cameron majority she had. she has a slim majority. there is a lot of division in london over "brexit." she is saying her cards on the table that you're either with me or against me. the odds she will increase her seats in the parliament. then able to move forward with a stronger hand and leverage that into her negotiations with the european union. david: some people say she may have historic victory here by getting a huge majority. dan, gary, thank you very much. gentlemen, good to see you both.

cheryl: we have breaking news, guys. ibm reporting first quarter results. the company down more than 3% after-hours following a miss on revenue. this technology giant reporting a decline in revenue for the 20th quarter in a row citing weak demand in technology services business. david, there there you go david too bad. looks like it is going down further over 4%. it is desperate concerning details who the terror group may be turning to for help. there are people in the world who are willing to help isis. extraordinary. we'll tell you the story. cheryl: americans are frustrated with inaction with congress. they're on vacation. results of a brand new poll, it doesn't look good for chairman paul ryan. david: people don't like congress right now. voting is underway in georgia's special election, one district that could have huge ramifications in d.c. and across the country, so much so, focus of several of the president's tweet this morning.

karl rove joining us with more on what at stake. >> liberal democrats from outside of georgia are spending millions and millions of dollars trying to take your republican congressional seat away from you. don't let them do it. so what else is new? how's your mother? umm..she's doing good. she needs more care though. she wants to stay in her house. i don't know even where to start with that. first, let's take a look at your financial plan and see what we can do. ok, so we've got... we'll listen. we'll talk. we'll plan. baird.

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david: georgia house election underway as president trump is pushing for a republican win. he is tweeting out democrat jon ossoff would be a disaster in congress. very weak on crime and illegal immigration, bad for jobs and wants higher taxes. say no. here is karl rove, former deputy chief of staff under george w. bush. he is also fox news contributor. karl, first of all, i just found out the guy doesn't even live in the district he is running for.

is that going to be a problem? >> it has been. he has been artful about it. he is using his girlfriend as an excuse. i grew up in the district. i am out of the district because i want to live with my girlfriend going to medical school. i want to be supportive of her career. if i get elected i promise to move back into the district. no, it has been hurtful to him. but look, this race is far from over tonight. we have 18 candidates. you have too get 50% of the vote in order to avoid a runoff. there will be a runoff between ossoff and one other republican candidate. there are 11 republican candidates, six democrats and one independent. and two of them will go into a june runoff. the question tonight, where is the democrat vote total? if he is in the lower 40s he is likely to lose runoff. if he is hig40s it will be competitive. david: if he is over 50 by the way he comes the nex congressman. there is that possibility.

with all the differences among the republican candidates will they coalesce behind one person to beat him in the run-up? >> well i've been making calls into the state today and, if you read the rhetoric, there is some pretty tough ads being run among republicans attacking other republicans but i got a generalized sense first of all enough time for everybody to come together and second of all, this is a district that is 60-40 republican district. the idea they're going to rewarded nancy pelosi and chuck schumer and hillary clinton and barack obama with somebody in a runoff is probably enough to overcome a lot of that. but we'll have to see. what really matters what happens, what happens tonight, where is the democrat in the vote total. then what happens in the days ahead. do the republicans coalesce and you know, this has been unpredictable couple years in politics. david: it sure has been. but about that, i'm going to bring it all together, with what is happening in georgia, what's happening to president trump,

and his leadership problems. we'll talk about that. but also paul ryan. his approval ratings have gone way down to 29 cents. this is according to "pew research poll." it's a question of leadership, karl. you don't see a lot of leadership behind the speaker. you don't see a lot of leadership behind the president. he couldn't get the health care bill through. is that a problem? i do note that over the past couple of weeks you've seen a lot of coalition around the president with regard to, with regard to foreign policy, his strike in syria, his use of the big bomb, his pressure on china to get action in north korea, that surprisingly one way which leadership does seem to be coming to the presidency. >> sure. david: what else does he have to do to get it all together? >> they have to get things done, right. paul ryan's approval rating is 29 ie pugh poll. esident trump's rating is 39. president trump as unfavorable

higher than speaker ryan. speaker ryan is not known by enough people to make a definitive opinion. they share the same problem. they're in charge. republicans have to get things done. they're seen being in charge of the government. when you're in charge of the government, you have to govern. the failure to repeal and replace obamacare. some other missteps, president trump's initial executive order on immigration, these things are causing people to say, can these guys get things done. having said, not put everything in the dark column. david: i knew there would be a white chart coming. >> absolutely. in the same pew poll, republican advantage on issues, 12 point better than democrats on terrorism, guns five, economy three, trade three, taxes one. republicans -- david: everybody likes what they're doing but don't necessarily like people doing it. >> right. here is the change in the parties standing since january. the unfavorables for democrats and republicans. republicans have gone up eight points on the unfavorable

ratings since january. democrats have gone up six. that is anticipation isly both parties are in trouble. david: karl, we have to run. i will put out something there, you can agree or disagree. if they get a tax plan in, people see paying less money for taxes. you worked for a guy who never raised taxes gw bush. he had other problems according to people but not in terms of taxes. if they get tax reform through i think his ratings will be through the reef. quickly, what do you think? >> i think republicans generally and ryan specifically and trump specifically will benefit as the economy benefit from a tax cut. that is the main thing people see it in the paychex and prosperity of their firms. david: karl rove, the man, appreciate you being here. >> thank you, david. david: cheryl? cheryl: he is the man. fighting for american businesses at manufacturer snap-on. the company's ceo talks with us, coming up. the manhunt for the "facebook killer" came to a shocking end. the company is responding next.

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cheryl: steve stevens, the cleveland man sought by police up loading a video of himself murdering a elderly man has been found dead. facebook ceo mark zuckerberg responded to the murder during the company's developer conference today. listen. >> we have a lot more to do here. we're he reminded of this week by the tragedy in cleveland. and our hearts go out to the family and friends of robert godwin, sr., and we have a lot of work and we will keep doing all we can to prevent tragedies like this from happening. cheryl: fox news's matt finn is standing by in cleveland with

the details behind the moment police located stevens a few hours ago. a dramatic ending, matt? reporter: it was a dramatic ending. stevens shot himself as an officer approached the car. police say they wish they could have ended this peacefully to question stevens to determine why he did this police say 11:00 this morning in erie, pennsylvania, someone called a tip that stevens was driving a white ford fusion. there was a short police pursuit. an officer approached steveps' car and he shot himself. a dramatic to this three-day long manhunt. right now we're standing in the neighborhood in cleveland where some of the stevens family still lives. his childhood home behind me where his mother is still living. we spoke to his mother, she found out her son died on the radio. went on to say last weekend before this easter shooting her son came to her, it would be the last time they would see each other. he said he had just broken up with a girlfriend t was weighing on him heavily of the his mother

also said he had an extreme gambling addiction. she thinks that what ultimately caused him to snap. take a listen to his mother. >> he said that's it. i just wanted to see you for one last time. i said, steve, whatever you're thinking, i love you. don't, don't go out here and do nothing stupid. please don't go out here do nothing stupid. the way he was saying it, like he was going to hurt somebody but i didn't know it was this serious. reporter: stevens' mother said she knew he would do something extreme but not commit murder. she is happy that she killed himself and officers did not shoot him. cheryl. cheryl: a tragic story. matt fin, thank you for the report. david: while the bulk of today's stocks were falling, shares of unitedhealth were on the rise. not hugely but ended up .8 of a percent. the health care company posted much better than expected first quarter results. why? well they attributed their success to the scaling back of

participation in obamacare exchanges. this was costing it a lot of money. united's revenue growing more than 9% last year. again more money putting into the obamacare, less money they had. once they got out, they're doing okay. cheryl: they're out of it now. welsh doubting the deadline treasury secretary steve mnuchin says the timetable for tax reform is unrealistic. what does that mean for your wallet? douglas holtz-eakin, former cbo director weighs in. he is coming up. david: ramping up nuclear threats. north korea sending a warning to the u.s. how president trump is responding to the rogue regime's latest threat. that's next. ♪ with this level of engineering...

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it's everything you need it to be...and more. lease the e300 for $549 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. cheryl: preparing for an all-out war. president trump unwilling to reveal his strategy against north korea as the rogue regime vows to continue testing missiles on a quote, weekly basis. >> have you ruled out a military strike? >> i don't want to telegraph what i'm doing or what i'm thinking. i'm not like other administrations where they say we're going to do this in four weeks. that doesn't work that way. we'll see what happens. i hope things work out well. i hope there is going to be peace. >> what happens if north korea launch as another missile? >> we'll find out. cheryl: ric grenl, former advisor to four u.s. ambassadors

to the u.n. ric, great to see you. >> cheryl, thanks for having me. cheryl: senior north korean official has said they are going to continue. they have no chance of stopping. the u.n. has tried, what, six different times to level sanctions at north korea. they ignore the united nations. where is this going with north korea? >> not only has the u.n. failed and u.n. has failed but six-party talks have failed. all the while we have watched north korea continue testing, successfully putting a rocket into orbit. there is a concern. i don't think just because most of washington, d.c. before president trump came in was ignoring all of this developing storm. somehow president trump should be blamed for confronting this. i think that it's prudent and diplomacy right now is what they're pushing. we see vice president pence over

in the region. it has been in superintendent cree. and japan today. cheryl: ric, is that right though? is that the right strategy though? this hasn't what worked in the past with north korea. >> what hasn't worked in the past is a couple of things. one, lots of talk by china and not really having a credible threat of military action from the united states. we now have a credible threat, not just a threat of military action but a credible threat as we've seen over the last couple of weeks. two, i think, don't forget donald trump is a different type of leader. he is not a typical politician. he is willing to put more on the table. give you an example, when he was meeting with president xi at mar-a-lago, he told the chinese president, you're going to get a better economic deal, a better trade deal from the united states if you help us out on north korea. now, that is something new. we usually make moral arguments to the russians and the chinese

saying well, the international community thinks you should do x, y or z. this is president trump saying i will put all the tools of the tool belt in foreign policy and domestic policy the united states has in order to accomplish a foreign policy goal. what did we see after that? the chinese moved 175,000 troops to the border. that is something the north koreans say, this is different. cheryl: something different working. before i warrant to bring in one other issue. i want to move from asia over to the middle east. you have the list lamic state, report he had -- islamic state, rick, according to iraq's vice president, what does this mean for the war on terror, is this dangerous, this alliance? >> it is dangerous. i think it was always inevitable. remember we had al qaeda originally saying they were annoyed with isis because isis

was trying to just wreak havoc too fast and not planning attacks. al qaeda likes to do these big-scale planned attacks. isis is not like that. you had al qaeda calling isis impatient. so i think now that the leaders, some of them are seeing some defeat, they're realizing that they can't compete for the same pool of people. they will merge together. i actually think it is good news on one hand, that they're feeling pressure enough where they have to join forces but combined another serious problem we are going to have to defeat both of them and all radical islam as quickly as possible. cheryl: ric grenell, thank you for your perspective. great to see you. david: making good on a campaign promise. the president unveiling a buy american, hire american proposal at snap-on headquarters just a few moments ago. the company's ceo joining us on what president trump told him and the future for jobs in the country.

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cheryl: we're getting breaking news in right now. three people have been killed during a shooting spree in downtown fresno, california, by a mad who made posts against white people and the u.s. government on his facebook page. police say the man has been taken into custody. we'll bring you the latest details as we learn more. david? david: despite treasury secretary mnuchin's comments that an august deadline is unrealistic for tax reform, house ways and means committee chair, the committee that writes tax code, just told neil cavuto moments ago we could see the blueprint for that kind of a tax reform sooner rather than later. take a listen. >> soon are no question is better. we have an aggressive timetable now. in fact ways and means committee will soon be announcing congressional hearings on our blueprt starting next week. so let's plug away. david: former congressional budget office director doug

holtz-eakin who has been involved with some of these scrums on taxes before joins us to weigh in. i'm encouraged that the committee that writes tax code is actually going to be meeting next week. does that mean, okay we may not make august but we'll have at least tax reform backdated to january 1, 2017? >> it is certainly a good sign. the process has to get going. i've been concerned what appears to be a lack of urgency on this front from the white house. the clock is ticking. you and i both know if tax reform bleeds into 2018, tied for the election, bad for chances getting it done. i for one have no reason to count on republicans controlling house, senate, white house after the midterms. going as fast as possible to hear the chairman's announcement. david: this excuse they have to do health care first, we heard it again from the president. dropped it for a while, singing the same tune, "the wall street journal" said yesterday, not so. they wrote a piece budgetary savings from a health bill don't

get plowed into the tax bill. the lack of a health bill wouldn't necessarily change the tax bill math. there is also no requirement that the health bill come first. is that right? >> mechanically there is no reason why they have to come, health has to come first. you can do them in any order. i think it comes down to politics and whether politically you want to cut a trillion dollars in taxes in the health care bill and leave that already has a fait accompli when you get to tax reform. if you think about it, there is no reason the ways and means committee can't hold hearings. there is no reason why they can't mark up a bill, vote it out of the committee, get it to the floor of the house and move on tax reformer apparently they will -- david: apparently they will hold hearings. doug, are the swamp creatures out here, lobbyists you may have reform but we'll keep our little benefit? is that what is happening now? >> oh, i think it is more dangerous than that. you heard voices arguing against

the house bill on one grounds or another and what those voices are essentially doing is say, we don't want tax reform. we don't want a reform where multinationals can't cheat. we're okay with the economy growing at 2%. that is the kind of talk scares me. that is what 30 years look like. we don't do tax reforms because of those voices. david: again whose voices are these? are these voices whispering in the hallways of congress or more he more he demonstrative or what. >> there are ads running against the house blueprint. you're allowed not to like the house blueprint. the key here is make sure the process goes forward. don't try to stop things. get the process going, have a open public debate what is fair and isn't amount of taxes and get it over the finish line. you need something more than some business saying this isn't good for my bottom line. you need someone, president would be ideal, this economy can do better. it needs to do better. this is what i came to washington to accomplish.

david: we in fact were promised a revolutionary tax reform that would simplify for everybody, make tax rates come down across the board. we hope we get it. doug holtz-eakin. we have to leave eight the that, my friend, thank you very much. appreciate it. >> thank you. cheryl: buy american, hire american. snap-on ceo nick pinchuk on what president trump policies mean for his business. and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. you may sometimes suffer fr a dry mouth. that's why there's biotene. and biotene also comes in a handy spray.

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>> we're about to take bold new steps to follow through on my pledge, to buy american, and hire american. [applause] i can't think of a better place to make this announcement than right here at snap-on.

just took a tour of the company. good place by the way. cheryl: that was president trump this afternoon in kenosha, wisconsin, at a tool manufacturers, snap-on. here is the snap-on ceo, nick pinch u.k. thank you for being with us. >> my pleasure. pleasure to be here today. cheryl: what is your take on what the president had to say today. >> we were happy with what the president had to say. we like buy american and hire american and we think we're one of the most quintessential american manufacturers. it is more than just a phrase. it is essential to american manufacturing to our country's way forward. we think that is a very, very big positive. cheryl: as an american ceo, what is it that you want to see from the trump administration? what policies do you want to see enacted? >> well, you know, i think there are a lot of ts people talk about in terms of infrastructure, in terms of taxes. all those are important, but,

from a snap-on point of view we think that the seminal issue of our time is the upscaling of our middle class workforce. one of the reason manufacturing jobs have been reduced, 30% have been lost the last several decades. people lost respect for dignity of work. it is eclipse. people view manufacturing jobs as a consolation prize. what we would like to see from the president is attention to that. cheryl: certainly a big part of your workforce, certainly doing manufacturing. but at the same time i'm curious what you think donald trump can do for the industry overall. a lot of that manufacturing capability has been automated. we still have many are overseas. how optimist i can are you that there can be meaningful change in the next year to two years which would certainly help the u.s. economy? >> well look, again i want to emphasize this. that manufacturing, one has a pr

problem. number two, people are looking at a manufacturing jobs as consolation prize. secondly, skilled workers, which is the essential to winning the global competition to jobs are in scarce supply. the american financial association of manufacturers says 350,000 jobs are vacant today in manufacturing because we can't find skilled workers. cheryl: do you have that problem, nick? do you have that problem? >> we can train our own. with have some difficulty, but our customers, small manufacturers, and repair shops around the country, whether you're talking about repairing jet engines or repairing cars, can't find workers. part of the thing that the president can do is draw attention to this. by saying that these jobs are not consolation prize. these jobs are a national calling which have always been the american strength. president trump did that today. he talked about the fact that we honor grit. we honor making things.

that is the very kind of tone we want to see from our president. one of the things that you hear from this is, is that, he has spoken in these terms, talking about the essential nature of manufacturing and national association of manufacturerring surveys manufacturers. 96% are optimistic about the future. several months ago that was only 56%. what that means they're more willing to go out there and invest in america. cheryl: so much of that -- >> finding skilled work years so much, you're right nick, because of donald trump's policies. market rising as well. nick, thank you for being with us. we appreciate it. >> sure. david: coming up, a true american hero. the inspirational story of why a marine carried the american flag while he was running the boston marathon. ♪

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cheryl: a real inspirvague, retired marine sergeant jose

sanchez drawing clears from the crowd, as he was holding a flag in boston marathon. david: he lost his left leg fighting in afghanistan 6 years ago, god bless him, we love, that. that is it for us, "risk & reward" starts right now. >> we believe in two simple rules, buy american and hire american. >> let's buy american and hire american. >> buy american and hire american. buy american and hire american. buy american and hire american. we believe in it. liz: buy american, hire american, president trump fighting to make good on a campaign promise today signing a new executive order, he is trying to keep american jobs here. i am elizabeth mcdonald in for deirdre bolton.