of fun said mr. trump. welcome, senator hutchison. glad you could be with us. >> thank you very much. i heard it for the first time as well. very interesting. >> that's one way to put it. let's cut to the chase here. the primary in your state is tuesday. who is your horse in this race? >> i don't have a horse in the race. because i worked with you all, i haven't endorsed anyone. i've been watching closely. and i think we're down to probably a three-person race. and, you know, i think it is really up for grabs in texas. though i think cruz is ahead for sure. he's the hometown senator. but i think there is a lot going on. i think it is not decided yet. >> how do you feel as a member of let's just use the phrase out there, republican establishment. you're a senator for four terms. how do you feel about the fact that the establishment is under such attack, most especially by mr. trump. >> i think that's a great question because i am part of the dreadful establishment. and i think -- i understand the frus

. >>> and congratulations to the newest mrs. rupert murdoch. former model, jerry hall, posting this picture to twitter. the photo was taken by celebrity photographer david bailey, and features the couple and all ten of their children. >>> and that is the cnbc news update this hour. back to you, scott. >> sue herrera, thanks so much. >>> day one of the first bank of japan policy meeting since introducing negative interest rates. but with the japanese market down 2% since then, how could the latest decision impact the japan trade? let's bring in melissa otto, tiaa director and japan equity analyst. good to see you again. >> hi, great. thanks for having me on. >> what are your expectations here with this meeting? >> i mean, we're not really speculating here. but given what the ecb did last week, you know, i think there's a general sense that we may see a little something over the next couple of days. so i think you're seeing some positioning ahead of that. >> you've urged more qe. is that what we're going to get? >> we'll see how it goes. >> you'r

i think he was channelling his inner mr. potter. because mr. potter said something akin to george bailey in the move it is a wopder life because potter wanting to turn bedford falls into the potterville i guess jamie wants to turn america into the jamieville and the independent community bankers of america have a legislative agenda. we have an agenda called the plan for prosperity, which is a whole package of community bank regulatory relief items and whether the wall street too big the fail banks really want do is glom on to our agenda to try to push through items that they want. well, if jamie really is serious about wanting community banks or feeling sympathy for community banks to get regulatory relief, then what they should do is let our legislative package get through the congress and then they can promote their own legislative package and see if they can get that through congress for themselves. that is all we're saying. >> he said yesterday right here that i'm completely sth lly sym to the communicate banks that some of these regulation

i think he was channelling his inner mr. potter, you know? mr. potter said something akin to that to george bailey in the movie, "it's a wonderful life." potter wanted to turn bedford falls into potterville. jaime wants to turn america into jaimeville. >> this feels personal, right? >> the sense of the argument that jaime dimon is making, in the shareholder letter, his point in the case is when he looked up, you know, the bank that wrote this and whatnot, they were a client of j.p. morgan's. his point is, whave to stop the bank on bank violence or rift. it's not to say they have to be id logically and policy wise on the same page. smaller banks often need the big bank to be their bank. >> if you are trying to create a regulatory environment where they are equally treated, you can't do that. clearly, jaime dimon made it clear, he resents the tremendous regulatory mechanism that's been created over the megabanks in this country. >> there are plenty of banks. you don't want one person seen as speaking to you. that's fine. it's healthy to understand

john, i understand you know mr. tillerson and i wonder what you think he will bring to the role of secretary of state. >> i have known rex tillerson for 11 years. he is a man who fits squarely in the long standing american tradition of pragmatic realism and foreign policy. you are going to find a champion for american values and he is going to do a very good job. >> you agree with that mrs. senator? >> i certainly do. i served in 20 years in the senate and i knew rex well. he has a real knowledge. i think he blew president-elect trump away with his knowledge of all of the different governments and what was going on inside the governments. i think he is very well prepared for this job. >> john, what about this issue about his relationship with vladimir putin personally and just his ties because of the business he has done there with russia? >> he does know president putin well. he has interacted with him extensively. i have some remarkable people on my board, people like henry kissinger. rex tillerson stands every bi