Premarket. Microsoft and intel are moving lower. Weve got a first look at the economy under president trump. It was a weak First Quarter, the question of course is has growth picked up since then. Starbucks out with results, the stock is slipping. A live and exclusive interview with Ceo Kevin Johnson and now chairman Howard Schultz. On the tech earnings front, amazon as you may know by now surpassing forecasts, getting a lift from the Cloud Business. Alphabet also above consensus as mobile search helped to drive ad sales higher. Microsoft and intel beat on the bottom line, but miss on the top line. Jim, theres a lot to get to last night. Last night was incredible to listen to not to the amazon call because amazon said, our cash flow is fabulous. All true. But the alphabet call was about how were not a Search Engine company thats driven by advertising although our advertising is up 50 . They said over and over again as we talked about earlier this week were cloud, were cloud, were cloud
Hitting record highs on their quarterly results. Amazon says sales in Web Services Division up 43 year on year. Microsoft says that they grew in the same period and alphabet beat consensus. Despite backlash from advertisers on controversial content on youtube in recent weeks. Guys, this is like a feast of information that we got in the past 18 hours. Overarching narratives or lessons were seeing right now . Overarching narrative is that the economy is headed into where these companies are both technologywise, consumer habitswise in a great position and theyre now reaping the benefits of many, many, many years of investing. I think another message is that this cloud movement, giants like amazon to some extend, microsoft, google wants to be in that pact eating traditional Enterprise Data center now in the way that smartphones ate into the pc business. You see that in intels results. Data center group didnt perform the way analysts hoped. Intel sort of hinted at that a quarter ago. The st
This year, and coming up, whether now is the time to get back into it. Tomorrow marks President Trumps hundredth day in office, and tom cole says how Close Congress could be to getting a deal done on both taxes and health care. Amazon, alphabet, race to 1,000 a share. We are tracking the action. First to you on amazon. Hey, sara, will. If you are looking at price targets, the streak thinks amazon gets there first. Just shy 1500, thats 25 above alphabets. After the Quarterly Results yesterday, it is getting closer to the milestone. Amazon launched double digit revenue growth, and now heavy investments, and push in the indian market, drone delivery, to the recent nfl deal. Shares surged more than 50 over the last year, and about 25 since january alone. By the way, guys, once shares get 990, jeff besos is the worlds richest man of the its worth noting what spoils the party, and not everyone is on board with the thousanddollar plus average target. After earnings, Pacific Press downgraded a
They are not surprised this latest test took place today. It broke up over the Korean Peninsula and never made it to the sea of japan. Well have reaction from kt mcfarland in just moments. But first as i say, its the 99th day of the trump presidency, and by all standard President Trump has done a remarkable success. He has put russia, iran, north korea on in the, some would include china. The dow jones has soared 14 since President Trump was elected president. The stock market add some 3 trillion. And by any measure he has led the nation well. Even a Government Shutdown averted today despite unprecedented obstruction by the dems. The president acknowledged he has done a lot, even though hes not quite comfortable with the artificial, arbitrary 100day benchmark. We are moving awfully well. We are getting a lot of things done. I dont think there has ever been anything like this. Its a false standard, 100 days. We are very happy. Lou today the 99th day and my first guest says no one wants
They are not surprised this latest test took place today. It broke up over the Korean Peninsula and never made it to the sea of japan. Well have reaction from kt mcfarland in just moments. But first as i say, its the 99th day of the trump presidency, and by all standard President Trump has done a remarkable success. He has put russia, iran, north korea on in the, some would include china. The dow jones has soared 14 since President Trump was elected president. The stock market add some 3 trillion. And by any measure he has led the nation well. Even a Government Shutdown averted today despite unprecedented obstruction by the dems. The president acknowledged he has done a lot, even though hes not quite comfortable with the artificial, arbitrary 100day benchmark. We are moving awfully well. We are getting a lot of things done. I dont think there has ever been anything like this. Its a false standard, 100 days. We are very happy. Lou today the 99th day and my first guest says no one wants