down, do you think the wall street your street journal would call that robust? i would leave to the headline writers. i ve never heard that. the new side is far different that tennessee editorial site and a great new side. i m not so sure about that headline writer. i m down to three minutes. let s start with what was announced yesterday which was this 2.6 growth number that you can see here and 2.6 is a better number than we ve had many other quarters but the issue is we are decelerating rather quickly and that s the point the new york times was making. this is fuelled by the trump tax cuts of course. when you look ahead you can see the outlook in these private forecasts, not the administration s forecast which remain very robust. the expectation is for growth to
that trickle effect. bill: going to work again is not a bad thing. exactly. bill: s & p profits are booming. again, tax cuts. american companies, the tax cut used to be 35%, went down to 21%. lots of companies took their money from abroad and brought it back to the united states. they re taking the money and some are investing into the company. they are still not paying their workers high enough and wage growth number that you talked about last week. but it s a great time for a lot of these earnings. i know you love talking about apple. bill: we celebrated. there was pretend confetti. they re still just above $1 trillion with the market cap. the value of outstanding shares on publicly exchanged the
bill: we ll see the president come out here in a moment. he has a lot to brag about. he ran on the economy as a candidate. said he could do better as president and we re starting to see the results with the gdp number today. best number since 2014. sandra: the president tweeted out after the release of the growth number great gdp numbers just released. will be having a news conference soon. wall street, main street have been enjoying the changes in this economy, the gains in growth, a drop in the unemployment rate, the rollback of regulations by this president, the cutting of taxes. you are likely to hear a lot about that in a few moments from this president who is highly anticipating this to be a strong economic growth number.
it has a lot of inputs and outpou outputs, labor force, wages. it is interesting. it is not the most interesting thing. something that is interest, this is a quarterly rate that is annualized. 4.1%. under president obama in the second kwarquarter of 201, it i. 2011, it was 4.5%. 2009, it was 4.5%. this would be the fifth strongest quarterly growth in the obama administration. this isn t to diminish. right. it is important to say it does happen. by the way, the quarterly growth number, unless you have three or four in a row, it averages out over the course of a year. the federal reserve predicts by the end of the year, when you average out 2018, it ll be 2.8%. i just spoke to the economist who thinks it might be 3%. that s good. don t anybody tell you that it is not good. right. the problem is, hourly wage growth has stagnated and moved
online retailer amazon has seen another eight billion u.s. dollars added to his personal networks shares in his company have jumped by seven percent after announced first quarter profits more than doubled compared to last year analysts say a rise in online shopping and increased demand for the firm s cloud services drove up the numbers but it s not all plain sailing mall for mom on a wall street dance quarter investors on wall street are not so much for proceeding at this point seems to be convinced that amazon actually can repeat this growth number for the current quarter and then expect so once again that profit will more than double and the stock of amazon did reach a new all time high in the friday session overall we got a lot of very strong. earnings from big tech companies microsoft there intel for example but intel even if the numbers of are rock solid actually