Rivalry breaking out on twitter between wendys and mcdonalds, and its getting ugly, folks, details what it means for the stocks coming up, but lets begin with the action in washington. Ylan and john harwood in d. C. With the story. You have executive orders on trade. Reporter thats right. We expect the president to sign executive orders if just about half hour here, and both of them are geared at with what the administration believes to be trade abuses. First one reviews the relationship with every country in which we have a trade deficit. China is a a big one, but that excludes countries, and second executive order strengthens the ability to collect fines already imposed on countries that dump products in our markets. Wilbur ross will be at the signing ceremony. He was on earlier today saying measures are needed because america is already in a trade war. Today meeting with manufacturerings, President Trump said the u. S. Got a bad deal. The field has not been a level field, jobs have been leaving our country going to china and mexico and lottings of other places. Reporter the manufacturers is divided over the best way to approach trade deals, but theyve been encouraged to roll back regulations, cut taxes, and build infrastructure. 93 of companies surveyed by the National Manufacturers association say they are feeling good about the outlooks so far, and, guys, thats a record high. Yes. Which the president remined us off. Thank you. Now to the roadblocks in the agenda. Lets get more from john. Kelly, we know the trump agenda faced trouble all across the board. Travel ban held off, Health Care Bill failed, Approval Rating down 40 and dogged by an fbi and Senate Investigation into contact with russia. That subject dominated the White House Briefing today incoming discussion of the president s tweet that flynn asks for mimety. Spicer said he should testify fully, but youve also goat out there the issue of tax reform which the president said is the next priority, but as our colleague pointed out in this country to zone spicer, its point schedule. I think that we are working on engaging key stake holders, and when we feel its appropriate, well put out the appropriate outline and processes that we envision, but at this time, that discussion is ongoing. Reporter that was a lot of words to say theyre not ready. The house of representatives, though, is ready with a plan, and the question thats now emerging is is the white house going to come up with Something Different than what the house laid out, that they coordinated with the president on during last falls campaign, and how quickly could that agenda move . The secretary treasury has said as members of congress have, that by the august recess, theyll get that done. Theres virtually no chance thats going to happen, guys. All right, john harwood there in washington. Thank you very much. Well have coverage of the president signing executive orders on trade coming up in roughly 30 minutes. See if he has comments to say about that at that time. Lets get to the closing bell, the first one. Here we are, end of the quarter, not a bad one for stocks. The dow up roughly 4. 5 . Nasdaq up 10 for this quarter. Do you think that can continue into the Second Quarter . I do. Yes, this market has performed, had a great First Quarter, but no head winds to it at this point. I think getting it to the Second Quarter, Economic Data boosts the markets. Before we know it, we rom right back in earnings season. Interestingly enough, the ipo calendar is robust to bring companies to market, companies have been on the sidelines waiting for the right time. The more they see, the more it will come. Theres Investment Sentiment too. Theres a nice tick in that, and that money thats been waiting to come into the market will see clear signals there. As always, d. C. Has been dictating our marketings chrks way we move, up or down. Interesting to see the push and pull in d. C. Talking about health care, hags reform. Everything gearings back to washington, but financials, industrials in there, emerging markets. Do you think this is where investors should stay . A good entry point. The u. S. Market has been robust for the past several years, and emerging markets and International Markets are paced year today. The markets are effective, and at this point, i think the u. S. Market is really driven by the noise out of this administration, so things dont happen the way we think they will or a timely basis, there could be a heart break here. John, this is a quarter when fed raise the rates, the yields down in the treasuries, and dollar stalled out, not anticipat anticipated. Whats going on there . What happens in the Second Quarter . Likely, they have a downside buy in the month of april. Over the last ten aprils back to 20072007 they fell by an average of 14 points. Theres little to drive or change fed policy in the near term. Next year, they suggested the most important number is the hourly average earnings hour. The fete is with an increase, but they have a bias to the upside and little reason for the fed to hurry up and sore to change what the margts billing in we think Consumers Want to watch oil. The prices may start to see inflation back away this morning, so keep an eye on oil, but not going far in the near term. Oil, and theres also that Weak Consumer Spending number this morning dropping the First Quarter of gdp figures a lot, and economists, said, all right, Second Quarter. What do you think . Looking at the Economic Data, theres mixed signals from washington. The fed said they will be data dependent. It gives investors and the fed the ability to step back a little bit and try to forecast a better quarter moving forward or trar transparent, but gives time to really pause and use that data to their advantage, whether they flip the switch on Interest Rates sooner or later. What would you do with energy . I mean, it, you know, thats a sector con founded a lot of investors, do we go lower . Do we go higher here . Either way depending on cuts from opec and u. S. Kochts to produce here, one of the worst performing sectors, what do you do with it . I still like the sector. I think this administration has got a fossil fuel friendly approach, and so i dont ever see oil hitting levels they did a couple years ago. Thats never going to happen. Theyll probably stabilize here and theres upsite. Theres a lot of break companies in there paying fabulous dividends, and we like to have good cash flow. I would be still looking at the sector, familiarly in the transports area. Theres great opportunities there. Be selective. But theres opportunities. All right, thanks, everybody, for joining us this afternoon. Thank you. Thank you, have a nice weekend. Enjoy the weekend. Yes. Opening day is this weekend, as a matter of fact. And april fools day. I hate thatthat. Me too. 50 minutes until the close, dow down 50 points. We started coming back this week, but lower now. S p was positive and now down a point or two. The russell is up. Financial stocks ending, what began as a strong quarter, but ending with a wimp, the winners and losers, and whats robbing the mojo from this once red hot sector. Thats next. Wars flairing up on twit r, fight over fresh burgers and which stock feels the heat. Thats next here on cnbc. Will your business be ready when growth presents itself . American express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. Find out how American Express cards and services can help prepare you for growth at open. Com. Well bring the signing to you when the tape rolls, its a tape playback for us. Meanwhile, apple has been the best dow performer this quarter back again, and exxon mobil. 10 , the First Quarter, nasdaq up 20 , india up 11 . Strong spots putting up reports weve not seen in some time. There it is. Frost is here to tell us whats behind the dropoff. Yesterday, kelly, bill, as we discovered late last year and early this quarter when yields rise, so do bank stocks, and in march, the opposite holds through. Yields were not falling. In marches, yields fell, and the curve itself flatten. This chart shows the very strong correlation between the ten year yield and banks index, both falling this month. Also some other factors as well. The failure for republican Health Care Bill played a part based on implications, overstated with the banks because deregulation can be achieved through simply appointments and change of tone opposed to needing legislation. Theres also been less of a pickup in m a than some hoped for. That coming alongside less positive lone growth in two months reduced hopes, and Earnings Report april 13th. On that note, key things to watch, earnings, fed rate makes, and what it does. Theres appointments and the much anticipated provocation of the independent review into the sales practice scandal. Name 4 for march, but up around 1 for the quarter as a hole. Dealing with shareholder lawsuits too. It was a widely divergence between them and the rest of the banks, but thats narrowed. De definitely has. Theres a correlation between yields and bank stocks implying its Money Centers reacting. Look at selloff, its the investment banks that underperformed to the likes of goldman sachs, down 6, 7 , and the others are less. That talks to the lack of a pickup in m a. The other point highlighting another reason that sucked capital and money out of u. S. Stocks went elsewhere. Two big quarter raises in european banks, clearly that attracted attention. Look at the performance for the quarter. European banks up 5 . Wow. U. S. Banks. Name four. From different bases, though . Yeah, ran up significantly, and then theres profit taking, and others suggest with the raises around the corner allowing valuations. Even at that, clearly, the u. S. Banks underperformed regardsing expectations that many investors have had. As we expect the feds going to raise rates a couple times this year, but the prevailing thinking is thats good thing for the bank stocks, but its not been so far. Absolutely right. We have to point out in the quarter we have had that rate hike, sorry, in this month, weve seen banks pull off, we had a rate hike, but you can frame it saying we got a less hawkish fed than people expected in terms of the number of parts from the rest of the year. Ive to say over the last week or two, clearly, a selloff in yields stabilized because of the fed speak, again, highlights there are going to be three, four hikes this year, and thats then switching the focus of the yield curve back to the fed opposed to purely politics. Weve just been slipping. You mentioned the goldmans and morgans and deal making, but what about activity down here as well as equities business. Is that going to be somewhere to look in the Second Quarter . Cloud arrow. Snap. The ipo activity is positive, particularly with snap, and excitining factor throughout th year. In terms of ceo equity and busi, they are small per. So much smaller. Thats good the last two quarters, but dont forgets massive difference in comps we had at this time last year. April 13th, wells fargo, jpmorgan, and citi group, thats an important day to watch. Very good. Thanks very much. Thank you so much. My pleasure. Enjoy the weekend. Seemed like you were being sarcastic. No, why would i . I dont know. I thought it was good. Very, very well done. If only you had on the vest. That would have completed the look. At least you got it. Thank you. See you later, 40 minutes left in the trading session, we were down 60 at the lows of the session while the dow will be positive for the kwaurtd, were negative for the month now. Expecting rump to sign trade orders shortly. Bringing that to you when it happens coming up. Up next, two multinational chains air their beef on twitter when we dock back. Eyes. Sixty to seventy Million People are moving to cities every year. 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Pharma topping this quarter, and qualcom the biggest loser in the ind index. Down 11 in the quarter. Amazing. Meanti meantime, twitter beef, wendys throwing shade at mcdonalds after they announced yesterday by mid2018 all quarter pounder burgers will be cooked with fresh, never frozen beef. Shortly after that, wendys responded on twitter with . So youll still use frozen beef in most of your burgers in all of your restaurants . Asking for a friend. Shares of mcdonalds up 6 year to date. Wendys a fraction of 1 . They got the best of them on that, but i, you know, i think mcdonalds is behind the curve there. Vulnerable. Wendys for years and to some degree five guys proved you can serve fresh never frozen burgers. Smash burger, and had paneras ceo on, they explored the menu 15 years ago, so mcdonalds is getting on the wagon. Why only the quarter pounder . Yeah. You got to start somewhere. I guess. This is why i love twitter, by the way, because only because of this could we see the two Companies Directly i mean, like the old cokepepsi wars back in the day. Theres the fast food stocks since the election. Mcdonalds leading the way, and they are doing this competitive survey, if you will, mcdonalds was not losing people to healthier restaurants, but they were losing people to rival fast food restaurants that served burgers that just tasted better and realized we have to go after that. And they did the 5 sirloin beef berger. It was not a big hit. I have not forgiven them for getting rid of the beef snack wraps. Snack wraps were great. Only make the chicken ones now, but not the beef ones. I did not try the beef. Interestingly enough, by the way, look at the price point on this burger. Theyll let the franchisees determine the price. Obviously, after what its been, the lower the better. Everything you could possibly want to know about the burger wars right now. We have 36 minutes left in the trading session with the dowdown 33 points. President trump as we said expected to sign executive orders on trade any minute now. Well go to the white house coming up. Two Mainstream Investors tell us whether the trump agenda is slipping and how to change the strategies if thats the case. Stay with us. Cmon in, pop pop happy birthday i survived a heart attack. Im doing all i can to keep from having another one. And im taking brilinta. For people whove been hospitalized for a heart attack. I take brilinta with a baby aspirin. No more than one hundred milligrams as it affects how well it works. Brilinta helps keep my platelets from sticking together and forming a clot. Brilinta reduced the chance of another heart attack. Or dying from one. It worked better than plavix. Dont stop taking brilinta without talking to your doctor since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. Brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. Dont take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. Tell your doctor about bleeding, new or unexpected shortness of breath, any planned surgery, and all medicines you take. Talk to your doctor about brilinta. Im doing all i can. That includes brilinta. If you cant afford your medication, astra zeneca may be able to help. Welcome back with the dow down 29 points, nasdaq positive. Check out the s p 500 struggling around that flat line today, and look at its performance for the quarter. Youre seeing all sectors ranging from best to worst performing, technology up 12 on the s p, followed by Consumer Discretionary up 8 , and health care up that much, and the laggards includes financials up 2. 5 , and energy is down more than 7 . Bill . Already. We got roughly 30 minutes left in the trading session with the dow down 30 points as we close out q1. With me on the floor of the new york stock exchange. How was your First Quarter . Challenging. Yes. Yeah. So what do you expect to do in the Second Quarter . Well, actually, i think once we strike the earnings season, i think that if this theres a lot of High Expectations about the second and Third Quarter this year. The expectations are picking up. I think that if you have corporate earnings and they meet expectations, it could be a really good quarter, and im going to really be in a lot of trouble with my family, but were not going to see that. Ti i think the economys struggling not struggling but takes time. The expectations is 2. 6 right now. Thats not bad. No, thats not bad, and it is potentially there, but i think we still have to go through the earnings season. I still think that the expectations of earnings are really starting to skyrocket. Skyrocket enough that people are, you know, getting ahead of it now. Whats interesting is even the people who are in the market right now are very skiddish. Yes. Its like everyone is waiting for the proverbial 10 correction now, and people like you not in the market is s