Cheese burger in paradise heaven on earth ho hum another month, another new high for your money. The slow meltup marching on. The nasdaq looking at that hitting a new high. The oil and Energy Stocks all the Big Eight Oil names, exxons, chef rons are higher. On the other side of the trade, yeah some of the real estate stocks are lagging, but overrule a good day. What individual names are making investors money today . The casino stocks. Look at that. Las vegas sands are up big on some big numbers from chinas ma cow. Bikky . Good afternoon im becky quick. Here is what else is happening at this hour. A government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. That is far more than the amount mylan agreed to pay the settle overcharging allegations. Construction spending posting its biggest drop in a year in april. A sharp upward division pointing to underlying string. Illinois Credit Rating getting closer to junk. Its debt downgraded after lawmakers failed to app
Ftse 100, italy, spain, all up. Looking at crude. Wti sitting at 50. 91. Lets get to that microsoft story. It is the top corporate story. Shares of the tech giant popping on better than expected quarterly results. The big driver, the cloud. The shares of the microsoft product doubling in the most recent quarter. The stock hitting an alltime high in afterhours trading breaking through a level hit at the peak of the tech bubble back in 1999. Its going to close in on a half trillion dollars again. Its great day to have ballmer on. He took a lot of flack for not turning it into something it wasnt. In hindsight, now that we have the benefit of hindsight, he kept that thing moving along. Increasing revenue. Maybe the share price didnt go all the way back. Got pretty rich himself. How much does he have left . I expect him well have him for an hour. I expect him to be in a really good mood today. Because of the stock price. Very few of us get like 4 billion richer on wake up in the morning. I
Melissa major american websites under attack. We have the latest on the details. I noticed that. How but, david . David i sure did, particularly on twitter. Back to the markets, the dow closes lower for second trait day. Ibm and merck among todays biggest drags. Larry levine from the cme. Lori rothman on the floor of the new york stock exchange. Lori, big day for big deals. One potential megamerger everyone is talking about. Used to be merger monday. Call it friday deal day. Were talking about British American tobacco offering to buy 58 of Reynolds American it does not already own. 4billion dollar deal. Brands as newport, pall mall under same corporate umbrella. Worlds largest publiclytraded tobacco company. Shares of american reynolds soaring 14 . British american tobacco, acquirer, no surprise is down 4 . Stocks little changed but for the week benchmark indexes. Nasdaq outperformer of. 8 of 1 . Look at dow and particular names drove the dow and also laggards. Starting to the upside,
Highs today and both Companies Near equal and market cap. Are these tech stocks the ones you need to have in your port follow portfolio right now, guy . Steve has been all over this but given the valuation and run and the stability of earnings, facebook is the name for me. What do you say, dan . If youre picking a would you rather, id say facebook if you didnt have to pick. Both . Listen, i have a lot of fundamental issues with amazon. If you k llook out five years, facebook will be more valuable. I cant tell you what will happen from now and then. Amazon, karen and i were talking this company had a cumulative 500 billion in sales and 5 billion in net income in generally accepted accounting principles. Thats 1 . They have used investors money. Their willingness to invest to take market share and were going to get to that but to me thanks is a bit of a shell game and i dont like it. What facebook is doing is they are front of a secular. They built things other people cant do and the lea
3 01 and then with those temperatures reaching some of the low 90s. Reporter problem free road less especially approach in the bay bridge toll plaza no metering lights you to those who can turn off. The top star on this memorial day the Golden State Warriors the contest they like to the nba finals the tech on the thunder the game 7 as will want to be seen the western conference finals and theyre coming off and nail biting wind and oklahoma on saturday and could thompson showed up breaking the nba record with 11 threepointers and playoff in the score for the coins and the warriors tool 1 08101 victory. Within seven in oakland they wanted to reopen the stations early for the fans come from fremont and dublin and pleasanton. Mark happen today if the sharks play their first ever gain in the stanley cup finals and opens and pets are against the penguins the system is a big help in san jose and. Jackie sissel . Jackie sissel is going to be a business for today and. Mark . Mark we spoke with