Good morning welcome to squawk alley. Joining me this morning, sarah eisen and mike santoli and the the senates new Health Care Plan in a joint statement, rand paul, ted cruz, mike lee and lee johnson say it doesnt do enough to repeal obamacare. Republicans can only afford two no votes the aarp, American Hospital association and others have also come out against this bill health care stocks, though, surging following the drafts release. Theyre on pace for the best week of the year maybe some profit taking today but still, more than 3 for the group overall. Walter, whats your prediction how does the next week unfold when it comes to health care on capitol hill well, i think that senator mcconnell is a very savvy operator i think he wins either way if he can pull this off and have a vote and have it succeed, thats fine. If not, he gets to move on to what i think he would consider or i would consider the more important parts of the agenda right now which is tax reform and infrastructure and then let the health care thing marinade for another year. At the moment you got a bill that is, as you say, it isnt really a repeal of obamacare its a tweaking and twiddling of obamacare. What it does is it really, you know, loses you the four senators you talked about. But then it also enrages people in the senacenter and left beca its a huge tax cut for the top 1 of the country in order cut Health Benefits on medicaid and then other areas walter, it seems like so much of the talk on this bill is about how its not obamacare but very little talk about what it is and what this actually does for americans. Do you think that conversation shifts any time soon or is this where we sit we are here at the Aspen Institute. We have our Health Strategy group and forum. Its a bipartisan forum led by Tommy Thompson who was a republican governor of wisconsin and secretary of health and Human ServicesKathleen Sebelius from kansas and secretary of health and Human Services theyre meeting right behind me now. You got people in that room who know pretty much how you can get 70 of this country agreeing on what is a logical way to provide health care in this country. That takes a sort of centrist approach that were not anywhere near right now obama passed the Affordable Care act on a Party Line Vote republicans are trying to do whatever theyre doing with it theyre neither replacing it nor repealing it theyre meddling with it on a Party Line Vote. At some point i kind of hope that all of that fails and a group of people, democrats and republicans, are going to be willing to forsake the 20 of their party on the fringes and write a sensible bill that would try to move us away from the costliness that comes with fee for service. Try to make sure that there is more general coverage without a whole lot of mandates. And make sure preexisting conditions are covered but youre not going to get that way that theyre going now with a purely partisan and poisonous approach on both sides walter, longer term you almost wonder whether this bill passes or not. I mean it seems like, you know, republicans wanting to take credit for doing something about obamacare and maybe down the road when youre actually not just solving for taking credit for that, you might be able to incorporate some of the rest you know, thats a really good point, too. I would say maybe if this whole thing fails and a few reasonable people can get together and form a coalition, but even if this thing passes, its not going to solve anything it kicks down the road two years. Some of the cost problems. It doesnt really change the fundamentals of obama care. So if this passes maybe can you create an act. American airlines Ceo Doug Parker telling our phil lebeau, Qatar Airways plan to buy a 10 stake in the company is confusing, misguided and illconceived, especially if the plans involve favor to expand operations in the united states. We know youre on the United Airlines board of directors. So you know the industry pretty well and the geopolitics are complicated. Whats your take on this one well, big on the united board. Im not really prepared to talk about how it affects, you know, either unite order american. But the geopolitics are very complicated. As youve seen over past two weeks, the other gulf states, meaning the uae which has two big airlines, the emirates, as well as other gulf states and saudi arabia have aligned against qatar and made demands on qatar in a very complicated middle east dance there thinking that qatar codeied up too much to iran and also they rejenltal gentleman zeier yacht network. So all of this is taking place where trump is supporting some personally supporting some of the gulf states and saudi arabia in their fight against qatar. But the u. S. Foreign policy is annunciated by the state department is that we really are not going to get involved in that struggle. So its kind of hard to see why qatar would come in right now and try to get involved in a usair lines industry especially when there is a resistance of the u. S. Airline industry against the subsidized carriers coming in and, you know, get subsidies from the government and compete with airlines around the world. All right moving on to Silicon Valley now. Just days after travis stepped down as uber, uber employees are circulating a petition asking the board to allow him to stay on as the companys ceo. Thats according to recode some are starting to ask what is the future of this Company Actually look like john, do you think that there is any merit to having Travis Kalanick stay on if it does help the morale of these employees that are utterly leaderless . Its not surprising that theres a sizable faction in this company that loves travis kalanabbing. We have linkedin here talking about how much people want to work for this Company Despite the troubles that its been through, despite a lot of the Public Perception against it that said, doing that would be dangerous at this point because youre in infect puttieffect pub in the eye of the customers and drivers that have a way with the twha company has been run. One of the cofounders saying we have real problems, we need to move on this from this stage of leadership to reverse that would be very strange. I think there are questions though about does this really diminish ubers position will lyft and others, will they be able to capitalize on this as uber tries to deal with the internal strug snlz internal struggles i dont know walter, your snouts. I think its very heart to put travis back in position. Then again, ive seen this movie before as have you, john, which is what happened at apple when in 1985 i think it was steve jobs was moved aside you know, eventually i think travis is so interwoven with this company, i think his passion for it is what has allowed it to groechlt hes goi grow hes going to remain on the board. Hell be involved with strategy. He certainly has a plurality of the stock of the company so i think at some point he could come backst but its something you ought to wait a least six months to a year before you even consider walter, we keep playing this game if, uber were a public company, how would things play out . Its hard to see if this all went down and had this kind of vacant leadership that company wouldnt be considered in play in a potential take over target does that apply with uber being private . Yeah. I mean, obviously with uber being private and so much of the control with travis and garret camp and the other founders, i dont think its a takeover play its a plum opportunity for great ceo to come in if you had a really good ceo who could calm the waters this is a very disruptive company. I have a piece in the New York Times book review this sunday about how its changed everything in terms of urban transportation systems, how he can design cities, how people like myself get around so i think a really its a great job for a really good ceo. By the way, john, youre coming out here, right . Absolutely. It looks beautiful looking forward to that, walter. I know. I want to see you out here its going to be great. Youre a biographer. This makes me think this uber discussion never underestimate the power of imagery rehabilitation i remember when most people seem to hate bill gates around Silicon Valley, even more broadly the arrogance and the antitrust trial, you know, this billionaire who thought he could just steam roll everybody and now he is st. Bill you know, this is a wonderful thing about america, especially in the age of oprah, you know, youre allowed to get rehabilitated. Youre allowed to have second acts and i think, you know, you see it in every industry you can see it with congressman sanford from the congress. You can see people who made come backs. Also, we love, as narratives, as americans, the person who picks himself or herself up off the floor and does a comeback. And travis is not somebody to be underestimated i think the main problem with looking forward to will travis come back, will he step back in, will he be a strategic adviser, they got to tamp down that discussion in order to get a really strong ceo who will feel empowered working for a board in which travis and the other cofounders have so much voting stock. He just stepped down this week, already talking about a comeback well leave it there wall streeter, thank you nice to see you. It does look like youre in sound of music or something. And well see you when cnbc and john fort join Aspen Institute for the festival straight ahead, blackberry shares under real pressure this morning. Ceo john chen is next. And then details on amazons 2. 8 million playbook for the upcoming nfl season. Plus much more on the Senate Showdown over health care. What one medical startup has to say. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Amazon doubling down on the bet to stream thursday night nfl Football Games we have more from l. A. Julia . Jon, thats right amazon is starting to shop around the ads that will air during the ten thursday night nfl games. It will be Live Streaming the games to subscribers to the 99 prime service. Now amazon is reportedly looking to charge about 2. 8 million for ad packages. They would include 30 second spots in the games along with other ads on amazon throughout the fall season. Now amazon has the rights to sell 10, 30 second ads for the ten games. They fill in on the local ad slots on the nbc and cbs feeds which it will be rebroadcasting. Now it paid 50 million for those rights thats five times what twitter paid for the same rights last year now its unclear what amazons proposed 2. 8 million package of ads would include but an amazon spokesperson tells us, we can confirm that were offering a range of options at various price points, dpenlding on advertiser objectives. Now for some perspective on the ad rates, tv broadcasts of regular season nfl games were watched by an average of 16. 5 Million People last season. Thats an 8 drop from the year before nbc and cbs charge 550,000 for a 30 second spot last year twitter also bundled in other commercials with its nfl ads that it was selling. It reportedly charged north of 2 million for the packages. And twitter viewership numbers were tiny compared to tv 2. 7 Million Viewers on average watched for atleast three seconds. But amazon just like twitter last year is likely much more interested in what the nfl will do to build its reputation for live tv and what that could mean for its prime subscriber numbers than turning a profit on those particular rights. Guys yeah, julia, im wonld whadeg what a win for amazon would look like here. There are so many different angles they can play a, maybe drive some prime subscribers. But then theyre advertising goods on the game that amazon is potentially going to sell to people who are watching the ads and maybe they can give that data to advertisers. Any thoughts on what a unique amazon win looks like . Well, look, i think this really does come back to building prime as a destination for television viewership. As we know, if someone subxribz subdescribe to prime, snenld more money on products on amazon they can build prime as a great destination for live tv as well as the original. They obviously won some awards for shows like transparent. If they can really change the way we think about subscribing to amazon prime and really seeing value from a television perspective, i think that will have big value for amazon down the line now for now, it seems like theyre just filling in those slots. It will be interesting to see if maybe down the line they can make those ads more interactive which as you mentioned could have some real value for seeing, you know, how people shop and what they can do there yeah, jewel yashgs i guess like so many things with amazon, fwz a long term play, not necessarily about the financial return immediately well be watching. That thank you very much exactly and when we come back, well have blackberry ceo john chen. The stock was getting hit pretty hard down 11 it was down about 12 . Although up very big year to date ahead of this well take a look at that. Hey gary, what are you doing . Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but why dont you just go to thinkorswims chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders . I know. Your brain told my brain before you told my face. Mmm, blueberry . Tap into the knowledge of other traders on thinkorswim. Only at td ameritrade. They are the natural borns enemy of the way things are. Yes, ideas are scary, and messy and fragile. But under the proper care, they become something beautiful. Take a look at shares of blackberry, down 11 the stock sinking after they reported First Quarter earning ntz black with sales though lighter than expected. The stock is still up nearly 40 over past three months joining us now, john chen, ceo of blackberry. Good morning, john good morning, john. Now if you will, explain this enterprise issue for me. What happened in the quarter a lot of investors getting spooked by Enterprise Sales not being as strong as they expected vm wears and user competing group which you compete with, sales were up 20 year over year yours not so strong. Why . Thank you for giving me a chance to talk about it. A year ago we have a a revenue from Good Technology acquisition thats came off the Balance Sheets so if you take that off, i provide that explanation in our filings. You take that off the year over year growth of our Enterprise Business which is 12 . So its not as people think there is not growing at all. Not that its not growing at all, but blackberry and focus on security and that end Point Management some people would hope to see you a bit stronger what do you have to do to get those numbers up even higher into the double digits it will come. I still maintain that our fiscal year of growth rais rate is going to be 10 to 15 and in it is a lot of project were working on some of them obviously based on cybersecurity. There is positive news that investors like at the same time, cash is roughly close to half of your market cap right now is that pose any dangers as far as how careful you need to be in allocating that cash yeah. I mean, the allocation of cap stall very important we now have a buy back program put in place this is a buy back program and we will be doing acquisitions this is a part that you follow the company for a while. You know that were in about the time to break out and do some investment of growth thats part of our big brand here john, what areas do you think in terms of an Acquisition Strategy youre going to be most focused on a couple areas. I think the whole cybersecurity is especially to the whole newer area of Machine Learning related to cybersecurity, were a leader in that space. We really would like to add more capability and features there. That is one part of it and they can apply back to our Automotive Industry business as well as our Enterprise Business that we talk about and in the other area is about expanding the channel and the reach for our auto business and our other business we have a very commanding lead for auto software. We like to expand that and one way to expand that is we have to expand our footprint and in reaching, you know, much more globally. So those are the two areas that were most interested in at this point. John, explain the relationship with qualcomm at this stage they were not thrilled to have to pay you almost a billion dollars. But at the same time, youre hoping to capitalize on qual comes move into the car with the qnx technology what is the relationship like and how are you building it . The relationship is quite good we have a disagreement over the licensing and contracts. Both sides agreed to be friendly and whatever the outcome is going to be and then, you know, we happen to come out, you know, in my mind obviously the right way. But we also are working a lot on technology in addition to the security technology, we have always been working with, we just released a new product called hyper vicer it is for the car industry and they have adomented thpted put it in the auto dashboard so were Work Together we enjoy working with each other. And we respect each other as companies. John, how you are finding the