Will his spending help boost Economic Growth . Mark 30 minutes until the end of the friday session, the long weekend commences. Stocks are down today. Equity indices are higher, but overall, the stoxx 600 down for the day. The best week since december though. Sweden, iceland, greece, and sovereign bonds commodities, but its been a fascinating week dominated by the results of the french first round of the president ial elections. Next round is next sunday. Ubs, big news today of course, earnings from the swiss earnings,t boosting adding 25. 5 billion francs of new money. They posted an 80 rise of net income after betterthanexpected results. The chief executive, who we will hear from in just a second, stepping up costcutting helped though shrinking margins and wealth management. Today, more bank earnings. The nordic regions best performing lender, First Quarter profit jumping up by 12 . Income from trading growing after years of the nordic danskeies underdog, emerging as the best perform
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
Right now. Indeed it does, everybody. Welcome to power lunch. Im tyler mathisen. Glad you could join us on a beautiful spring afternoon in the new york area. The three major averages struggling for gains this hour. As you see right there the dow down 36. The nasdaq basically gnat. Still, the dow on course for its best weekly gain of 2017. And the s p and the nasdaq both on track to close out their best week since the beginning of the year. Lets check out major movers on earnings right now. Colgate under pressure. Mixed results there. You people have to brush your teeth more. Thats the only problem. Goodyear tire up about 3 . Royal caribbean hitting new alltime highs up about 9 today. The companys ceo will join us later in this program. A lot to drill down on over the next hour, two hours basically. But we have an hour with Mario Gabelli, our guest host for this first hour of power well get his take on the stocks he likes now. He has been following all the earnings, and hes going to sha
Bezos, hes now the second richest person in the world. Right behind bill gates. And bezos has around 79 billion. He made 3 billion just overnight. Lets not forget google. This is extraordinary. Thats revenue up every single quarter for seven straight years, thats a juggernaut. That stock also going straight up at the opening bell today. All right, thats money. Now, politics. It takes longer than 100 days to drain the swamp. Oh, yes, it does. No vote on obamacare today, or tomorrow. It may be next week. And the left, no growth plan for the democrats. The New York Times and democrat leaders call the president s growth agenda, a give away to the pitch. They dont like it. Your money looking good. Politics and that swamp is still there. But its friday and were glad youre with us. Varney company is about to begin. Aint no stopping us now were on the move all right, okay, ill go with that. It seems like theres no stopping, certainly no stopping the big, big tech names that have been on such a
Relationship. And the victim a 47yearold woman. When Police Stopped this vehicle last night they say the suspect was in the passenger seat. The driver exited the car and was detained, questioned and released by police. Police say the suspect is still in the drivers seat of a silver mercedes surrounded by the s. W. A. T. Team and the man hunt started after a woman was shot and killeded yesterday afternoon on the 19th00block in walnut creek. The police surrounded the suspect vehicle on howl road at 7 00 yesterday evening. The driver got out but the suspect did not. Nearby neighborhoods are told to shelter in place. Some people have been camped out at the starbucks all morning unable to go home and this girl is trapped her her garage. I am really worried about her. She contacted me by text this morning and said that shes still unable to leave the area. I was very concerned with her because she does take medication so the suspect has not been apprehended as yet so i am concern and worry fo