As 10,000 to customers who voluntarily give up their seats on overbooked flights. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, big tech declares the first quarter. We will crunch the numbers. Alphabet survives its ad platform backlash and unleashes a banner first quarter. We will highlight the numbers across the board. Microsoft concerns bubble to the surface. Shares drop from record highs after the thirdquarter report. We explain why. Popping inon shares extended trading. I want to bring you up where we are currently performing, up about 4 in trading after record highs hit on thursday. 3. 6 , the ecommerce giant reported a 23 increase in sales and a profit of 724 million in its quarterly report. The Cloud Services arm reported 43 increase in sales. Founder and Ceo Jeff Bezos highlighted the
Tech ceos on their meeting with the president. And whole foods and amazon, how both companies see that deal making sense. Mondays tech rebound result in nasdaqs best day of the year, closing highs for the dow and s p were not far away from posting doubledigit yeartodate for all three, which we havent done since 2013. No. And a lot of people felt coming into the year the market was overvalued, having had a big run after trump got elected. Obviously, that was not the case there was more to it a lot of people would have felt if you had the Federal Reserve being as aggressive as it is, theres no way you could do it earnings worried about the strong dollar, we have a weaker dollar one thing i point out today will be oil its going to be very messy. This is my level i felt it could get to those are big cap stocks f it goes too much lower, people will say, wait a second weve been buying. Maybe demand is not as strong. Because its the summer, you would expect more demand be careful, oil. Tech s
Percent right now. Almost 30 points higher in the premarket. In europe stocks were mixed. You see the ft 100 other fraction as the dax index is down. Gains across the board to report on the heels of the record around wall street yesterday. Hong kong, hang seng index and three quarters of 1 . The Health Care Debate rages on. Lawmakers rejected a claim repeal of obamacare yesterday. Details of the smaller version of the bill begins to pick up steam. Tragedy in ohio to report. One person was killed, several others injured after an attraction at the state fair malfunction. Governor john k. Sake ordered alright shut down following the incident. It is a very, very tense situation when you go somewhere to celebrate and you are with friends and sometimes with family. The fare is about the best things in life and tonight but this accident, it becomes a terrible, terrible tragedy. Trade to three people remained in Critical Condition this morning. A dire warning of her travel to mexico. At least
Good Tuesday Morning jon fortt is back with us finally. Sarah eisen and joining us this morning, robert w. Baird, Collin Sebastian and ed lee good morning nasdaq is trying to bauns back from three days of loss this is morning. Were seeing pretty good action in the faang names that are leading the way. Prior to this morning, it was a mixed picture for the basket of tech stocks. A mixed picture for faang and for the month, netflix down 9 alphabet and amazon are under pressure weve been having this discussion the last few days as they were having some trouble getting out of the gate. It is difficult for people to point to anything substantial. There is nothing big changing here, right . This is usual. I think people come the realizations as to what the future might look like for some of the services and i think that sort of tweaks the market a little bit are the name an atm for when sent gets a little jittery . Well, i think thats likely the case especially given the Strong Performance fo
November. The road map begins with the trump effect. Gm, walmart and now hyundai announcing Big Investments in u. S. Jobs. But with four days until inauguration, could the president elect and gop be at odds over the fade of Corporate Tax reform . Plus, in a deal creating the Worlds Largest publicly traded tobacco business, British American tobacco buys what it doesnt more oalready own. Well be joined by reynolds executive later. The chinese president drawing a line on trade with donald trump. Well go live to the Economic Forum where squawk has been in davos. First up, the president elect telling the wall street journal a border adjustment measure in the house gop Corporate Tax plan is too complicated. The republicans pitched their plan plan. More companies reacting to the president elects push for more jobs in the u. S. Walmart adding more jobs this year. Gm planning 1 million 1 billio investment. Hyundai the same with 3 billion. It points to what the markets have been thinking this po