Get ready for more fed speak at home. Our road map begins with the president. No pullback despite the near daily drama in washington. New this morning, Electronics Ban targ it eieting flighting from muslim majority count countries. The president takes a visit to capitol hill, selling the Gop Health Care bill ahead of the vote on thursday. Stocks continue to show resiliency. The nasdaq taking aim at another interday high after four Straight Days of gain. The dow and s p up. S p is up 11 since the election. But the nasdaq put together three gains of less than a point. Yes. Which hasnt happened three times in a row since the 90 s. Closes at 5900 or 5901. I mean, it obviously tells you, maybe not that much going on, but also a coiling effect potentially. Youre seeing the volatility indexes and Everything Else looking like, you know, sort of the movement has been this offsetting action. At some point, no broad selling pressure. Really, something is working to keep it supported. It is amazing, that stocks are holding recent highs. Especially on a day we were monitoring the hearing on capitol hill. The head of the nsa and the fbi confirmed that there is no evidence pointing to the president s wiretap claims and confirmed there is an investigation into Russian Election hacking and trump ties. Two things you might think would undermine the credibility or at least Political Capital of this president to get things done. But the market took it all in stride, as it continues to do. Maybe it is because republicans were sticking to the talking points on the white house. Who knows what it is. Clearly, i think this Health Care Vote is going to be a key test of the trump agenda. What he can continue to get done with his party in the senate and the house. Taking stock of the president s appearance in louisville, in which he seems to talk about Health Care Like the vegetables you have to eat before you get to the good stuff. Things hed rather be spending his time on, like tax reform. We know what the market wants. Yes. A new manager survey is out today. Only 10 expect tax reform before the summer recess. Are expectations aligned with the calendar . I think the markets expectations are aligned with what perhaps is likeliest to happen. Just this probability waited thing. Probably because the market can grab hold of other things. Earnings rebound based on projections. Emerging markets up 1 plus yesterday as the dollar backs off. There is this general story of enough else is going to way that we dont have to fully pin everything on what might come out of washington. You are seeing signs of the trump rally that worked so well after the election starting to fade. We talked about small caps underperforming. The yields havent climbed. Theyve gone the other way. The dollar is a key point for the trade. Sitting at a six week low against other major currencies. The banks are down for the month of march. I mean, these were all the initial, gut reaction movers on the back of the trump rally. Thats fading. Instead, mike, youre getting this rotation into more defensive names, real estate, consumer staples. Actually big cap growth, all weather growth. The s p tech index is up 2 month to date since the overall s p topped march 1st. Itll be a lot about health care today. The president is making his way to capitol hill in the next few moments, looking to shore up support for the house Gop Health Care bill. Kayla is going to watch this for us all morning long in washington. Good morning. Morning, carl. Call it the art of the health care deal. The president heading to capitol hill for a meeting with the House Republican conference set to take place in a few minutes. This is after his trip to kentucky you were talking about last night to stump for the bill, put forth by House Republicans, led by House Speaker paul ryan. Last night, House Republicans did put forth some changes on the initial draft of the American Health care act. Here are some of the more substantive changes. You had an amendment with technical changes for the bill to comply with senate rules. Then to win over some members of the republican conference, here are the changes. Itll pave the way for senate to add benefits for older americans. Also older and disables, that is a move to bring Senate Republicans into the fold. Before they get to the senate, they have to win over the House Freedom caucus. Though they havent had a united front, there have been several vocally opposed members of the group to this bill. To win some of the members over, changes will be made to accelerate the repeal of the tax increases. Those will happen this year on some of the Obamacare Tax repeals instead of happening in 2018. Basically, trying to say that obamacare will end sooner than previously expected. Also expected to curb further Medicaid Expansion beyond what i mentioned in order to win over the more conservative members. The house vote is set for thursday. The calendar doesnt leave much wiggle room or room for error. The president last night even said that this will be a continued and potentially protracted negotiation. Listen. Thursday is our chance to end obamacare and the obamacare catastrophe. And begin delivering the reforms our people deserve. So thursday, of course, the date that is circled on the calendar for this to go to a full house floor vote, that being said, the president said that he has been working with Senate Majority leader mitch mcconnell. Also with House Speaker paul ryan. He said, like with everything, sarah, this will be a negotiation. Itll be a back and forth. Not everybody is going to get what they want, but we have to do health care before we can move on to the other stuff they want to do. Are they going to get the votes . What are you hearing . Well, sarah, they need 216. The fact that the Freedom Caucus has not, as a block, decided it will vote against this, some are taking that as a more positive sign. Basically allowing individual members of the group to take a more moderate stance on this. We will see. It does appear that especially with the president siding with this bill, despite some of the opposition in the house and the senate, that republicans will at some point, hopefully for the administration, get on board with this. We will see. Kayla, thank you, for setting up the Health Care Story for us today. Meantime, larger Electronic Devices will be banned on certain inbound u. S. Flights. That directive coming from the department of Homeland Security this morning. Phil lebeau is on the phone with more on how all of this is going to work. Phil . Sarah, let me run down exactly how this travel restriction will work. Youre talking about flight s directly to the United States from ten airports, predominantly in the middle east. A couple others in africa. What were talking about are flights on airlines like emirates, qatar, which are Prominent Airlines for those particularly business travelers who are going to the middle east. The department of Homeland Security has determined what it says through continual threat evaluation, that the best approach in terms of limiting the threat to these flights, is to say, you have to now check your laptops, ereaders, tablets, ipads. You can no longer carry those on planes. Theyll have to be checked on those flights from those airports into the United States. This is called a temporary restriction, though there is no indication of when they will lift this and allow people to once again bring on electronics. We should also point out that for the flights that are impacted here, which are about 50 a day, there are no u. S. Carriers that are impacted by the restrictions because the u. S. Carriers do not fly directly from these airports in the middle east to the United States. So for those people who are flying from those countries into the u. S. , theyre going to have to change their approach in terms of how theyre going to pass the 11, 12 hours it takes to go from a place like dubai into new york city. Phil, you mentioned some of the carriers. Who is most exposed . Is it the Gulf Airlines like emirates . Correct. Youre the ones who have the most flights, emirates, qatar. There are a total of Nine Airlines overall that have direct flights from these airports in the middle east. But the ones that are most popular, most prominent here in the United States are emirates, eddie hod, qatar. Well talk more about the Electronics Ban potential impact here. Lets bring in the former u. S. Ambassador to iraq and turkey. And former Deputy National security adviser. Also with us is james, aei fellow and cnbc contributor. Welcome, gentleman. Brem bremmer, who has been critical of the administration, says a laptop ban continues fine tra diction of u. S. Responding to terrorism by disrupting commerce. Whats your take . My take is having experienced a lot of terror coming out of the middle east and in the middle east, that you have to give the administration cut them a little bit of slack on Something Like this. They would not have done this for no reason. They would have not done this for the, quote, muslim ban or anything. And there are real problems with electronics. I think we need to stand back a little bit and remember, not taking actions like this before 9 11, well, produced 9 11. So maybe the question we should be asking, jimmy, is does the administration need to be a little more forthcoming on the threat or the description as to why theyre doing this and why specifically it affects the gulf carriers only coming from certain countries . This is exactly the reason why it is important that people have confidence in our intelligence services. It hurts the Public Confidence if you have people in the administration, like the president , constantly saying theyre doing a bad job or theres fake news or theyre not investigating this or investigating that. People need to have confidence. When a decision is made that is disruptive like this, that it is more a good reason. If theyre got toinot going to forthcoming with some sense of the actual intelligence, saying listen, you have to trust us, there has to be the relationship between the public and the president. Indeed, we trust these decisions and dont question them. Ambassador, would it be your guess or judgment that this decision by this administration is a result of Fresh Information or just a new administration interpreting the same intelligence and potential threats that the Prior Administration might have been looking at . I suspect the latter. I agree with my colleague. This administration has done everything under the sun to erode confidence in what it says and to erode trust in our own intelligence services. That notwithstanding, there are real bad guys out there, and there are real necessities to act against them. Probably this is a reassessment of something that was apparent during the Obama Administration, but for one or another reason, they decided not to take this action. My feeling is when youre talking about people on airplanes, you want to be very careful. And it is an ill wind that doesnt blow some good here. I guess if youre selling the sysco systems, those are good because now itll be a huge hassle but also physical books. Someone will benefit. Jimmy, you talk about credibility of various agencies. Homeland security has been fairly immune from president ial criticism. Is he carving out parts of the executive or administrative branch, that some areas arent affected by that . Well see. I dont think anyone believes theyre immune from a very sharp president ial tweet. Of course, the head of Homeland Security is a general. The president likes generals. Maybe it gives him a heat shield when doing some of these things. Ambassador, why arent European Airlines connected by this . Cant you connect in various european cities from these places of origin . Im trying to give them the benefit of the doubt but trying to understand what exactly the motive is here. That is one of the unexplained questions. I had that, as well. It gets to the point made a minute ago, that the Administration Needs to be more forthcoming on this. Sometimes, they err on the side of not giving potential information to terrorists but sometimes it disturbs tens of thousands of travelers. I think the controls in european airports, particularly if youre flying to the United States, are extremely thorough. That may be the reason why they have made a distinction between the two. Again, we need to know more about this. Final question, jimmy. On the front pages today, you have fbi director comey, whether it is confirmation of the Russian Investigation or that there is no evidence on wiretapping. As it relates to the president s ambitious agenda with the republicans, does that change at all as a result of this sort of cloud thats hanging over the administration . Look, i mean, the president is already about 37 Approval Rating. You know, you want to use that Political Capital. Having the fbi, you know, investigating your campaign drains you that Political Capital. I think the good news is if you look at past times, whether its the clinton impeachment or irancontra, the mark itets and economy does fine. If the Approval Rating is dropping for the president , it doesnt mean the economy will collapse. This time, investors have been focused on the tax reform and Regulatory Reform and boosting the economy. I mean, i think there are risks there, at least headline risk. Well see what the market does. Thank you so much for joining us this morning. Ambassador James Jeffrey and james. When we come back, Market Action a day after the late day trading glitch hit hundreds of atfs. Also, the future for retail as kohls looks to rebound from a tough holiday quarter. Well have an exclusive with the ceo. Take another look at the premarket, looking for continued gains on this important week. Back in a moment. The greatest population shift in Human History is happening before our eyes. Sixty to seventy Million People are moving to cities every year. At pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. Partner with pgim the Global Investment management businesses of prudential. The power of a low volatility investing approach. The power of smart beta. Power your clients portfolio with powershares. Before investing, consider the Funds Investment objectives, risks, charges and expenses. Call 8009830903 for the prospectus containing this information. Read it carefully. Distributed by invesco distributors inc. We take you to capitol hill this morning. The president arriving to address the house gop party conference, as he looks to drum up support for the Gop Health Care bill. This is estimated to be his fourth visit to the hill in just about 60 days in office. Hes been extraordinarily active on the legislative process. We all know why. Later on tonight, hes going to attend a fundraising dinner for the nrcc. Havent seen any tweets from the House Freedom caucus, although mark meadows, who has been an important name in the last 24 hours, was just asked what he thought about the changes. He said, what changes . So it does appear like the whip has more work to do. Were waiting for commentary. Clearly, this is going to be a key test for the president in congress, for his agenda when it comes to health care. It is a short time window that they have from these changes to the actual vote on thursday. As kayla mentioned, i dont know if they can get a new cbo score that looks at the number i think cbo is expected to revise their score in light of some of the tweaks before the thursday vote. Thats my understanding. Right. And the complication, of course, is youre trying to appeal to two opposing wings. To change it in different ways for different people with different concerns, its not just about swinging it in one direction. When we return, apple announcing new products this morning with shares at a record high. And in the middle of a bull market run. Best performing dow stock of 2017 so far. What is ahead for this stock. Is it too late . Taking another look at u. S. Futures at this hour. Dow futures are up 48 points following in europes footsteps. S p futures up seven. More squawk on the street straight ahead. You cant predict the market. But through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Apple is on a record run posting alltime highs, including a fresh intraday high yesterday, as the company teas