Apple Pledges to Create U.S. Jobs.
BERMAN: All right, Apple making some big promises and investments in the U.S. economy. The company says it plans to create 20,000 jobs and invest some $30 billion in the U.S. over the next five years.</s>HARLOW: Our chief business correspondent Christine Romans is here with more details. Look, the headlines are really great for Apple. This certainly gives it a halo effect. I just wonder, is it all -- is it all warranted?</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Well, they can afford it because they got a big tax cut.</s>HARLOW: Yes.</s>ROMANS: And that's, I think, the bottom line here is that they got such a gift from the tax cuts that they are able to package it up and present it like this as a big investment in the American economy. Let me first detail these numbers for you. They're going to bring foreign profits back home. WE think about $215 billion worth of money. Remember, Apple is making so much money with its overseas production model that they literally had more money than they know what to do with. They could just sit it -- it could just sit in bank accounts overseas. They're going to pay $38 billion to the Treasury on that overseas cash. They say it's going to create 20,000 U.S. jobs. They're going to invest an extra $30 billion in U.S. facilities over the next five years. We're talking about a data center, a new corporate campus and they're going to give $2,500 employee bonuses, but not for the really highly paid employees. Tim Cook said the tax cut is the real driver here. It's one of the reasons why they're able to, you know, ramp up their investment in the U.S. We have a deep sense of responsibility to give back to our country and the people who helped make our success possible, is what he said in a statement here. You know, they already said they were going to be ramping up advanced manufacturing in the United States, making investments in domestic manufacturers and the like. And some analysts have said they were already on track to spend almost all of this, but not quite.</s>HARLOW: OK.</s>BERMAN: Right.</s>ROMANS: I mean this is because of, you know, they're getting a gift from the tax cuts. The president taking credit for this. He says, I promise that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of tax cuts. A huge win for American worker and the USA. You know, and on the point of, he promised they'd be able to bring a ton of money back, they're bringing a ton of money back.</s>HARLOW: A ton of money back.</s>BERMAN: They're bringing money back. Part of it's semantics. I mean money in a bank account overseas isn't all that different than money in a bank account here.</s>ROMANS: Right.</s>BERMAN: It's how they use it. We will see. That remains to be seen.</s>ROMANS: Yes.</s>BERMAN: Christine Romans, great to have you here with us.</s>HARLOW: Thank you.</s>BERMAN: Thank you very, very much. All right, the breaking news that makes it a oh so very interesting. We are told the president is fuming after the interview that Chief of Staff John Kelly did, saying the president was uninformed about his border wall. He's hating what the president said. What are the ramifications this morning? Stick around.