Ahead of the open on the unexpected and welcome profit beat. Getting set for the latest on Consumer Prices and what it could mean for the fed decision next week. Its friday, april 26th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us on friday morning lets kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the First Quarter earnings season. Look at the beats. You see they are in the green. Nasdaq up 1 the dow looking like they would open 60 points higher. S p up. 75 . The big story is big tech led by alphabet and what you could call a triple crown Earnings Report First Quarter revenue and net income ahead of estimates. 17 billion in Free Cash Flow announcing the Quarterly Dividend and 70 billion Share Buyback program. The stock is popping af
Facing Antitrust Charges from the us government. Its about how google pays its partners to promote its Search Engine on their products. For instance, paying apple to have google as the default Search Engine on its new devices. Thats not a problem unless, as alleged by the Department Ofjustice, its anti competitive and exclusionary. Google disagrees. Well, earlier i spoke to Cristina Caffarra shes a Competition Expert and has been involved in antitrust cases in the us for many years. She outlined just how important this case is. It is a momentous event, really, because it is finally the time when google comes to meet the law and notjust the law in europe where it has been essentially, met the law before. Europe has tried to bring google under some sort of control, but has not succeeded. For the first time google faces american, us law, the Department Ofjustice and the state attorneys general. The allegation, as you alluded to, is that google monopolises search. Its market share in searc
I think it is early advancements we are seeing in al. Tesla is probably one of the best ai out there. Clearly, execution is going to be the key over the coming years, but i think investors more and more starting to appreciate that tesla and musk are Playing Chess while others are playing checkers. Tesla is already the worlds most viable auto maker 2 trillion. What do you make of this decision to when you look at dojo, it is playing as a destructive auto player, a shot across the other auto makers. You will see autumn abeles more and more look at disruptive technology, look at the software. The emerging of technology in automotive that is going to another industrial revolution. Batteries for self driving ai, additional auto companies. That was dan ives additional auto companies. That was dan ives weighing in with his thoughts on that story. Indias Prime Minister and the Saudi Arabia Crown Prince held a meeting in new delhi right after the 620 summit that in concluded over the weekend. S
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Think it is early admittance we are seeing nai. Tesla is probably one of the best ai out there. Clearly, execution is going to be the key over the coming years, but i think investors more and more starting to appreciate that tesla and musk are Playing Chess while others are playing checkers. ~ ,. , , checkers. When youre sitting execution checkers. When youre sitting execution is checkers. When youre sitting execution is going checkers. When youre sitting execution is going to checkers. When youre sitting execution is going to be checkers. When youre sitting execution is going to be key, | execution is going to be key, what are some of the challenges that youre looking at when comes to hand him with these kind of ambitious targets . I think it starts with full self driving. I think that is an elephant in the room. Tesla, really, as an ai play, showing fst, capability for that to scale. Audio loss thats going to be key. When you look at monetising it but scaling it in a way that consum