Alltime high extending its gain into the fourth week as investors cheered corporate earnings. According to Lpl Financial today is historically the best day o the year f stocks and it stts the best sixmonth stretch for the ma det. Toda not disappoint. The dow jones industrtrl average was up to 27,090. Theed nasdaq a 82 and the s p 500 rose 16. And as you know, earnings can often drive rallie but this move higher appeave to be d by whats not being said on all ofhose earnings conference calls. Bob pisani explains. Were coming up on the halfway part of the earnings seas one word investors are not hearing is recession. Plenty of issues out there but the u. S. Consumer which is the engine of Global Growth istill holding up. Weve been scanneding the conference calls. 32 companies have mentioned the wordsion and that along with hopes of a trade deal is the major reaso the s p is hiing record highs today. The consumerer holding up. Bank and credit card ceos in partular have painted healthy pict
Workers are not celebrating. To infinity and beyond. Richard bransons Virgin Galactic could be the first Space Tourism business to go public. We will analyze demand. But first, top stories. Alphabet earnings. The report was impacted by heavy investment in googles Cloud Computing business. Google has been Building Data centers and hiring sales people for its cloud unit that runs services over the internet. Joining me, our correspondent from bloomberg intelligence. Cloud is all the rage, potential for future growth. What did you make of it . Like you said, they are spending. They are showing results. What we are seeing for the next year, they will take the center focus and you will get success here and they have the capacity to compete. Microsoft. And you will see this being a bigger deal for google but at a cost. Taylor what is your take on keeping up in the Cloud Business . It will take continued investment as we just said, but there is a huge potential for payoff. Taylor i want to tal
Welcome on the watching the harks robot and them to have it though. It is so easy to retcon the history of these days like anyone can do it anyone can say well i mean what i originally did something a long time ago i meant it to be this not what it actually was or you know we see politicians we see it everything from what hip hop artists to president s yet its a little odd to say that might go back and say oh well you know why when i was there and this is what was going through my mind i mean its its about as ludicrous as saying that when i went to the carousel and i asked them from burnett didnt happen that didnt happen you can tell the thetan happened and anybody whos head of facebook. Since the mid 2000 or any time knows that this is a ludicrous story we didnt even have news feeds at the beginning it wasnt made to be putting things together you know putting community isnt talking about none of this was even part of their plan but i think its interesting when you mention this politic
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Coverage on cspan. Org or listen live with the cspan radio app. And we are joined by the founder and the executive chair of space trust is here to talk to us about the role of commercial companies in public and private space flight. Good morning. Good morning. First of all, tell us what space trust is, and describe what it does. It is a nonprofit from the u. K. , and i engage governments and World Leaders for them to understand that in the era of the new space or the privatization of space which is open to all sectors, and it should also be open to politicians, and government so that think can go up to see the earth that the astronauts have been seeing for 60 years to make the earth a better place, and to where wars are ke result. And what effect do you think that bringing more people up in space is going to have an effect on the ground . That is step two. Step one, we have an International Space station up there, which is creating the atmosphere of the peace on earth, because there ar