What a day they are having with the latest from the president s visit in havana. We have a billionaire hospitality mogul to discuss whether he is eyeing that country as a place to expand. I hope he saw the News Conference with raul castro a short time ago. Speaking of News Conferences, breaking news out of washington. Donald trump is holding one of his own. Lets have a listen. Certainly should be careful with third party stuff. If trump gets it well start a third party. A third party means the democrats will win, almost certainly. You cant be that spiteful. You cant be that spiteful. Youll destroy the country. Third party would destroy the country. Im going to be ive already shown it to a lot of people and a lot of people like a little bit worried about which judges. I want a very were going to have a conservative, very good group of judges. Im going to submit a list of justices potential justices of the United StatesSupreme Court that i will appoint from the list. I wont go beyond that list. And im going to let people know. Some people say maybe ill appoint a liberal judge. Im not appointing a liberal judge ill have a list of ten. Heritage foundation and others are working on it already. With some thoughts of mine, ive already named a couple of them that i think would be probably between 7 and 10 judges that will meet the highest standards. From that list well pick Supreme Court judges and i make that pledge. I want people to understand, that is the single biggest problem it would be terrible losing the election because the country is going in the wrong direction. But if the new president is a democrat and picks very liberal people, this country is in big, big trouble. Tom, go ahead. B [ inaudible ] you have to see what happens. I think ill get the votes first of all. Well see what happens, maybe i wont. Its a professional team, ill give you names later but top of the line team. I think we will win without that and everybody says if he gets the votes, he gets the votes, i think well do well and have a big night in arizona. And well see and its a lot of votes, just like i said were going to win florida. A lot of people said, how do you beat the face of the Republican Party . Dont forget, i watch your show and you did a show on rubio. You did a show four or five months ago and hes the future of the Republican Party, hes the face. Trump went against the face and 20 points 67 counties, i won 66, which is unprecedented never happened before. I think well do well in arizona. I hope to do well in wisconsin. And i hope to do well in a lot of other places but i think we should be able to put it away. [ inaudible ] let me just tell you, i rent a stadium or whatever, we had 21,000 people near phoenix, we had 6,000 people in tucson over the weekend. And both in the same day, both with short notice, 21,000 people. These are professionalage taters, they put up signs using the f bomb and all sorts of words that are horrible. These are not good people. The people that are supporters are unbelievably good people. The incident that took place in tucson with the gentleman who i understand was in the air force, i hear he had a fine record in the air force a certain finger on a hand, he was talked to horribly and also looking at somebody ku klux klan and happened to be africanamerican, the person who was a supporter. And it was a shame what happened but you know what, he saw a member of the ku klux klan and you people dont write that. Its interesting, its interesting because at the beginning of the news cycle, early in the morning, they showed the ku klux klan guy walking up didnt see that anymore, i just saw the man hitting and i said, isnt that a shame, they took it out of the cycle, which you did it its terrible. This is an africanamerican man who is a supporter who has a great family and he has had enough. Ill be honest with you, in this country this country have had where were losing our jobs, theyve had enough where were losing all of our trade. You look at these trade deals that they have. They have enough where the military cant beat isis and increases in obama care where you have 35, 45 and 55 increases in obama care and deductible is so high people in this country are fed up. Okay, mark, go ahead. [ inaudible ] the biggest threats. You know, honestly, mark, i dont see threats. I see people that are trying to go against you but i guess you have that in life no matter what you do, whether in politics or not. I think they are very misguided. I think the people that go against me should embrace me and id embrace them easily. They should embrace me because i brought millions youve reported on it. Never been they have said in your circles there has never been an event like that like what were doing through in the history of politics. Ive had people that you know very well, in the history of politics. We have millions and millions of people all over the world they are talking about it and to be honest with you, mark, they should embrace it. But any dont. That wok a threat. If they dont embrace it, thats always a threat. Go ahead, sara all right, were going to exit the News Conference i apologize for the satellite glitches there. Two conferences with an abrupt end in the last 20 minutes. Earlier we saw the tail end of president obama speaking with raul castro in cuba. Well have more on that story in a moment as well. We begin with apples product announcement. John fortt has the latest. John . Reporter bill, we got Price Reductions on a number of existing products and we also got a couple of new products but not the kind were used to not at the high end. Start with the iphone. The iphone se will cost 400, that is a new entry level price for a newer iphone. This looks like the iphone 5s, a 4inch phone, a number of people still liked that size and this will help them in some markets like china and india where people are getting their first phones and need a foothold into the ios ecosystem. Whats different about this phone, the internals are more like the 6s, an a9 chip and 12 mega pixle camera, able to shoot 4k video, all of that for 399 is an interesting entry point. Theres a new ipad pro, higher end ipad with the 9. 7 inch screen that were used to as being the standard size for ipads. This is going to be 600. Thats 100 more than were used to for that size of ipad. But also, lowering the price for ipad air two down to 399. Price adjustments across the board here. A few interesting details also on the apple watch. Tim cook saying a third of apple watch wearers change out their bands recently so they introduced new bands, including a woven nylon band in multiple colors and more colors of sport band and leather bands. Theres also a black loop, lowering the entry price of the apple watch to 299, basically everything gets 50 bucks cheaper. Also worth noting, lisa jackson, now in charge of apples policy was on stage. A lot of Large Tech Companies have seen criticism own a lack of diversity on stage. Lack of women. Lisa jackson was on stage at this apple event talking about apples moves towards sustainability and Sustainable Energy and also toward projects like a new robot called liam that takes apart iphones and rescues the components of the iphone for reuse in other means. Overall, question investors will have is about margins, affect on margins. I would say because apple has been making that iphone 5 for so long, they are probably able to do it at relatively low cost. Also flash memory for storage has gotten a lot cheaper, wouldnt be surprised if apple is able to make the phones at an attractive margin despite the fact theres a 399 entry price instead of 649 for the iphone 6s. Have you played with these. It seems they are repackaging existing products. Its been going on for a few years. Its incremental evolutionary movement rather than anything revolutionary . Ive been excited to join you ive been putting off going on the demo area to get my hands on those products. As soon as im done talking to you, i will be in there checking it out for myself, especially interested in seeing the speed of the iphone se, how close it is to the 6s. Thanks, john. Im a little confused what this liam is all about. There to take apart an iphone, cant a human do that . Is he a recycling rob ot. I thought lisa jackson was at the epa. Lets take a quick check on markets, dow is up 33 points after five straight weeks of gains from those february 11th lows, nasdaq 13 points. Is this a story Valeant Pharmaceuticals making key changes at the top and some that arent being made that they want. Well have the latest developments and discuss whether they are the new tyco. Remember that debacle. Well go live to havana where president obama is making higs tri and leading u. S. Executives are making business deals. Youre watching cnbc first in business worldwide. You pay your Car Insurance premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Welcome back, we have a news alert. Seema . Some thoughts on donald trump, he says he foresees a Global Growth scare through the end of the summer based on a donald trump nomination. Gundlach says the risk reward in the market is so bad right now because you had this easy rally perhaps referencing the recent rebound in the stock market over the past three to four weeks. Lastly in regard to central bank policy, he says Federal Reserve officials rhetoric flip flopped like crazy in the last several months. Thats not just here in the u. S. But across the world specifically in europe. Those are the thoughts from gundlach, back to you. Hes been no fan of the fed and their policy so not surprising he would be criticizing, thank you, seema. Valeant ceo mike pearson is out. Hi, meg. The stock of valeant is up finally turning around whats been a terrible run in the last couple of weeks with the news of the shakeup at the top. Big ackman and pearson on the way out. They are asking will they start to sell assets, we look at the most recognizable brands, im hearing from folks, there is a lot of interest in some of the assets, the question is are the things that valeant wants to sell what people want to buy, you see soft lens and renew, under bausch and lomb. Xifaxon, people questioning when well get news on these. Who will succeed mike pearson, ackman looking for a World Class Health executive. These this names they are batting around, folks are saying if he would come in, that would lend experience to the board. He used to be on the board and since left it is completely other question. Brent saunders is another name a lot of people talk about. He is a protoje of hassan, a potential successor to ian reed over there. Would he want to turn around valeant . Maybe not. The third one, jeremy levin has since left teva and running an interesting young Biotech Company focused on neurology. Its a different situation there. Another one is germano, a recent pfizer executive. He is somebody who just left pfizer looking for a new role. Could be an interesting one folks tell me. Finally, this one is a long shot, david pyott of allergan. You can imagine feeling vindicated after they sold. I got off the phone with david and he is not interested in taking over the ceo role but is working on a book about his experiences with the valeant battle and said they keep adding chapters and chapters onto it. Wow, hes working on a book. That tlb interesting. How about howard shuler, they asked him, the chief Financial Officer to step down from the board to resign. He refused to do that. He could be something of a Disruptive Force there, couldnt he . Absolutely. Already today the story seems to be howard shuller and this battle. He was the interim ceo and now they are saying there was Improper Conduct involved and through his lawyers hes saying there was no Improper Conduct, hes not stepping down from the board. This will be interesting to continue to watch. Meg, thank you. So many elements follow here, meg tirrell and jim cramer floating an idea earlier. Valeant is going up because they feel theres a grownup in charge again. I would like someone from the outside, a bill george, a great cnbc contributor who could be a monitor by the government, you dont necessarily need to have a guy come from the outside and take it over. Former med electronics ceo bill george will give us his reaction. Well talk about valeant with him. You wont want to miss it. Mike santoli joins us with more to how it compares to the tyco scandal. There are striking similarities. There really are. This would be a relatively bullish outcome for valeant. They are floating the enron disasters but tyco to me has a lot of the same elements. It was a wall street sensation and got huge by rolling up lots of businesses using lots of debt. You had a bold ceo, kind of a cult figure after a while who was eventually accused of aggressive accounting. Then of course, you have this other element of short sellers coming in saying there was far less than meets the eye and corporate scandals come in. A lot of investigations and cfo got implicated. But they bought real businesses and spent too much, bought real businesses, they essentially were not found to have been in accounting fraud at the core. The management took money out in the form of loans. The ceo did serve prison time on this but it wasnt because the business itself was worthless. Eventually ed bream came in and found value. They spun off a lot of businesses and now the remainder of tyco is merging in with johnson control. This stock went from 120 to 9 from 2001 to 2002. People thought it could have been a zero. Valeant could be a zero. But i think its helpful to think about how these things could be in parallel. Makes the ceo selection if the anl gi holds all the more important. Lets bring in herb green dszberg, cnbc aamigo, if they cn find someone in the ceo spot and who should that person be . I dont know who it could or should be. I thought that report by mike was really great. I will say a big difference between the two companies, tyco had big entities to sell, this is a bunch of different drugs and its very interesting, i was going back in my archives and one of my short seller friends told me back in august of 2014, valeant is another tyco. People were talking about it going back that far that there were similarities and you know, phase two of tyco was when they started splitting the thing off. With the drugs you have to wonder, i know people are out there wanting to buy, value in the assets, but now this whole pharmaceutical buy to hike the price of the drug strategy, its kind of broken, valeant has told you that. Somebody buys these drugs, whats going to happen with the pricing, theres a lot that has to go into that. To herbs point, what is it going to be worth to somebody else. The fact that valeant paid a price and put the premise that it could radically increase prices so therefore if you have to go back to lower prices, maybe not as not value as assigned to it and the debt that needs to be serviced. Are they looking for a turnaround artist or demolition expert, somebody to break it up to find nuggets of value somewhere in here, do you think . When they are talking about im sorry. Go ahead, herb. Its not so much nug gets, theres general value. There are real businesses there. Its much more about some ceo who comes in there with fresh books and who can say if we were doing things wrong, lets get it out there. Its not about trying to defend the past Business Model on the past accounting. Herb . Youre getting that takes so much to unwind. Bill george will not take this job. Hes too smart for that. Hes got other things to do with his life. I will tell you something, i think theres a bigger story here. I think the bigger story with the breaking of valeant, people forget, this was built on a bull market and everybody was overlooking things and the company was saying they could buy the words they used to me infinite number of companies they could buy. Whether in the drug industry or outside of the drug industry, thats a bull market fen npheno, if we have a broken i would argue not what it was. All right. Great stuff, mike good job and herb good to see you, buddy. Good seeing you, bill. Weve got 35 minutes left in the trading session here. We had huge rallies thursday and friday and were back to the way we started last week as well with a gain of 26 points on dow. Were at years highs right now. We had that weaker existing home sales report and fed speak and people are still trying to make sense of watching the dollar here which is a couple of Different Things the market is trying to make sense of. Coming up, charm offensive, Mark Zuckerberg trying to make inroads in the worlds most populist country. President obama on that historic visit to cuba as Business Leaders ink deals. Michelle Caruso Cabrera will bring us up to date. Stay tuned. Welcome back, shares of starwood up today. This follows chinas bid topping marriotts offer for starwood last week. Those marriott shares which rallied now down about 1 . Meantime, separately starwood has inked this agreement to run a couple of big hotels in cuba. First u. S. Hotel company to do so since the 1959 revolution. Our chief international correspondent, michele carusocabrera is live. Just finishing up that very remarkable News Conference that you saw live here on cnbc. Reporter bill, it was a momentous political event. First, jus