Notework reported massive growth. The Company Earned 77 cents a share. Revenue climbed 52 from a year ago thanks to newer mobile and ad products and its push into live video and shares took off spiking initially in after hours trading. We have more on whats working at facebook. Reporter bottom line for facebook its mobile ads are working and drawing more advertising dollars. Video ads are part of that mobile ad growth and facebook doesnt break out instagram. Ads in the photo sharing service are contributing to growth. Its working to for him to be the company shareholders. They are creating a new class of nonvoting shares designed to help zach maintain control of the company and to sell shares to donate to charity. So facebook good, the rest of tech not so much in terms of earnings. So why is tech trouble. Lets ask the port fo low manager. Why have the earnings reports been so variable and spotty . I think its go factors. One is innovation and i think as youve seen facebook is the hot spot for innovation and weve seen good Earnings Release and after hours market movement. Apple on the other hand currently not the big innovation right now. They brought out the smaller iphone, but were all waiting and have been waiting for a long time for the next big apple product and it hasnt come. Isnt that a long term very bad sign for those parts of technology . I mean thats how they made their mark was with all this innovation and if thats drying up that doesnt seem like a good sign longer term. Thats the evolution of these companies from the growth to mar of a value play so yes a growth or ented tech Company Needs to maintain that growth or it will then revert to more of a value type operation which is on priced earnings and dividend yield and things like that. So facebook at or near an all time high in terms of price, apple the worst performer in the dow so far this year. Which one would you buy here . I think you should probably own both and in terms of you always buy if you understand the fundamental story you buy on full back so today i would probably look to apple as the potential purchase. I noticed under your recommendations for new technology you listed ge and i know theyve been trying to position themselves as a technology company. It sounds like you think theyre succeeding. Well, at the hensy tech fund ge has a lot of things going for it as it evolves and its trying to evolve into more of a Pure Technology type play. Its in all the right fields, energy, health care, et cetera, so everybody thinks of ge, the refridge rater in the kitchen it really has become a hightech company. Am i better off going with older larger Mature Technology companies or maybe trying to find a fund like yours or some other one that can do the work to turn up the little really fast growing ones . Well, i think a combination of both is good. That is the strategy we follow at the hensy technology fund. We do own some of the older more established tech names and we have a nice portfolio of the small Aggressive Growth names. So you never really can predict the future no matter what everybody says so you want to have this diversified approach to see what happens. Were always just a headline away from some new Technology Event and you want to be in a position when it happens. You owe me a beer for giving you that layup question. Thanks very much. Facebooks results stand in contrast to apples which we told you about last night. The stock was the worst performer on the blue dow index falling more than 6 today and a large part of the decline came from a slide of sales in china. But as we report from beijing the softness in that country may look worse than it actually is. Reporter the numbers werent great, but that doesnt mean that apples position in the china market as seriously deteriorated. Part of the problem is that the whole Smartphone Market is maturing and slow down. We used to see explosive growth, but its estimated the market will pick up by. 7 . In terms of market share apple hasnt deteriorated. In 2015 it ranked third here. Tim cook made the point that apples numbers look worse than they are because revenue grew by 81 a year ago. The iphone 6 plus had just hit the market the year before so by comparison the year looks worse but the Company Still sold a lot of phones. The real test will be with the iphone 7. Traditionally when apple releases a product here you see a big boost this sales. However i spoke with an analyst who has been harg that the iphone 7 could have only Minor Technology upgrades and if thats the case it could disappoint fans here and lead to worse sales and on social media thats been the buzz. People are asking if apple has lost the engineering heart at a time when chinese rivals have been picking up steam. On wall street stocks were mixed. Apple weighed on the nasdaq, but the feds statement on its outlook for Interest Rates helped lift the dow and s p 500. Nasdaq down by 25, s p 500 gained three. Two components out with earnings. Bowing report the first earnings miss in five years on higher cost. The Worlds Largest plane marker saw a 9 in the market and backed its full year profit and revenue forecast. United technology has reaffirmed its outlook but lower revenue. Both stocks finished the session higher. Kom cast reported better than expect results. The largest u. S. Cable provider saw its first biggest First Quarterly jump in paid tv customers in nine years. It also saw growth in its high Speed Internet and entertainment units and that sent shares up fracti fractionally kom cast is in talks now to buy dream works animation. Behind the studio st is in behind shrek and how to train your dragon. It would give universal not just more movies, but more scale and Consumer Products and characters to turn into tv shows to bring in its parks and put on its apples. I think it would make sense. Dream works has been very good at making short form content. Kom cast is trying to role auou new services so dreamworks could be a content engine for that. Neither company will comment and my sources tell me a deal is far from done, but a reported price tag of 3 billion sent dwa shares flying higher. Now the question is whether any other buyers emerge for dreamworks animation. If the deal happens it could be a win for fans of shrek, kung fu panda and peabody and sherman. You would see a lot more content from dreamworks and i think less in the way of movies but a lot more short form con at the present time. So you would see more tv series based on the dreamworks movie characters. This kind of deal would help kom cast become a disney 2. 5 of Building Family friendly brands that work across its platforms. I love that movie. To the economy now where the number of contracts to buy homes sit the highest level since last may. The National Association of real tors reported a rise in home sales. That report is considered a barometer of future home sales. The central bank decided it was best to stand pat on Interest Rates. We have more on the decision that pric th sur almost no one. Reporter some changing las proflofrpting a discussion whether the Interest Rate could be hiked later this summer. Among the changes in the statement it eliminated concerns over the global risks that have been prominent. It said growth appears to have slowed and that jobs have improved further. It eliminated concern of recent inflammation readings of picking up. Bond experts said after the statement the fed is likely to hike just once this year. I think over the next six months and the balance of the year that were going to see one hike and probably not two. So if youre asking relative to two i would take the understood. Reporter the survey pegged august for the next hike so it seems to be in line with a post meeting debate that argues between june and september. I dont think the feds going to be in any hurry to raise rates because they dont wa to role it back. Once they go forward they will want to keep Going Forward so i dont see them raising into june. Theres too much contradictory information coming out, nothing thats actually pushing them to have to react. Reporter but economists say the more positive tone that in march is consistent with officials tightening again as soon as the june meeting but only if the data and markets are supportive. There are two more meetings before the meeting in june but the real question is the growth turn around. Tomorrow they are expected to announce 0. 7 growth for the First Quarter and that compares to 0. 97 . Its expected to be another weak First Quarter after a string of weak First Quarters and investors face the tough question of counting on a Second Quarter rebound. Still ahead a part of the worlds oil industry very few have seen before. Im on a tug boat in the persian golulf. Coming up a behind the scenes look at irans oil industry. Exxon mobile is raising quarter dividends. The Worlds Biggest Oil understand gas company has increased the dividends to sharehol for 34 executive years and it comes one day after they lost their aaa rating in part because of the again rouse payout to shareholders. Oil prices rose again today, but now that sanctions against iran has been lifted theres concern that crude coming back online could pressure prices again. Were on the island with a rare look of the workings of irans oil industry. Reporter this place is irans cash machine. Its the island of carg delaware ha dedicated to shipping oil. We were given rare access to the island as the count prepares for increased exports now that sanctions have been lifted. They can store up to 28 Million Barrels of crude at any pun time, but they serve as a political billboard. Oil and politics go hand in hand. Look behind me. Persian gulf written in english on this tank. Why . The manager tells me every time a tanker pulls in he wants them to know theyre in the persian gulf. The name of this body of water is disputed by saudi arabia. This is what the tankers are here for. Slick, black crude. The head of exports from the National IranianCompany Opened the spout for us. And then took us out to sea on a tug boat. This is where all the International Oil tankers pull up so they can fill up with iranian crude. The iranians are hoping now with the lifting of the Nuclear Sanctions they will fill up more of those tankers than they are for years. Before the toughest sanctions were imposed iran was exporting more than 2 Million Barrels a day. The sanctions pushed them as low as 700,000. The workers insist the sanctions were never a problem instead calling them an opportunity because it forced the iranians to learn how to make their own Replacement Parts. For example this ptur bien mete they say was installed in 1984. Once American Companies were prohibited from doing business with iran they could not get the Replacement Parts so the engineers manufactured them themselves. On the walls in this room photos of the Severe Damage suffered in carg from bombs during the war in the 1980s. Outside a tribute to the first victim of that war. Side by side with the former and current leaders of that country. The first and second muslim clerics to rule over iran since the Islamic Revolution in 1979, yet another reminder that politics and oil are deeply intertwined. For nightly Business Report, iran. Boston scientifics heart business beats strong and thats where we begin the market focus. The maker of medical devices tops for revenue and earnings. The sales rose 11 thanks because of heart demands. Shares finished the day up 11 to 21. 89 . Good year reported lower than expected revenue from weak sales in the u. S. In the absence of Business Operations in venezuela. Profits beat analysts by a penny but that wasnt good enough for investors. Sales fell more than 7 . Health nominationer anthem issued better than expected quarterly earnings. The results were helped by enrollment across the medicaid and medicare segments and the Affordable Care act. The ceo says the Company Remains cautious based on stainability concerns. Shares fell more than 1 . And low Commodity Prices drag done oil expectations. Revenue fell below targets. Shares were down to 61. 27. Yahooo will give four seats on the board of directors. They will among the four newly elected members. The first round of bids for the core business ended last week with Verizon Communications emerging as the projected frontrunner. Shares of yahoo down a fraction today. Contractor General Dynamics topped estimates. The company said results were helped by Strong Demand for its defense products. Shares up to 143. 41. Oreo maker issued better than expected earns and revenue while reaffirming its guidance for 2016. They are cautious though as overseas markets continue to impact results. Shares up to 43. 88. On capitol hill the coe of drug maker val yant says the company was too aggressive. There was testimony and the ceo offered this. I as its leader was also too aggressive. In increasing the prices of am so of ur drugs in our large port fo low of products. In hindsight i regret pursuing transactions where it was based on an increase in price. The committee is investigating the drug price increas t high price of medicines is one of the hot topics on the campaign trail, but today attention turned to ted cruz with an attempt to change the course of race named his running mate, businesswoman and former president ial hopeful Carly Fiorina. Why did he make this announcement. Ted cruz lost five primaries by very large margins last night. He lost badly in new york before that. Donald trump is on a path to getting to 1,237 delegates that he needs to be nominated. Ted cruz has to do something to shake up the deck. Indiana votes next week and hes making that his last stand and by naming his Vice President running mate hes hoping to magfy his support from women and hope that he can pull a victory out in indiana and perhaps deny donald trump those delegates that h convention. Can it help them change the dynamic of the race . Its doubtful. Its like the Cruz Kasich Alliance we talked about earlier in the week. Donald trump has a lot of momentum. Very hard to see how this can make people reassess ted cruz. Remember, Vice President ial candidates dont do all that much in a general election. Its hard to see in a primary election how somebody like Carly Fiorina can make a difference. Donald trump one with quite a margin. I expected he reacted in his usual way. Today he decided to act president ial and gave a Foreign Policy speech, read it from a teleprompter. He was tempered in his approach. It wasnt all that innovative in terms of substance, but donald trump is trying to take on the trappings of the presumptive nominee and accelerate the momentum hes been accumulating. What about Bernie Sanders versus Hillary Clinton . Bernie sanders announced today that hes laying off hundreds of staffers, hes going to focus all his fire power on california. Thats the last state that votes on june the 7th. His chances of overtaking Hillary Clinton have become almost nonexistent. It appears that hes looking for leverage to try to influence the party platform. Its not really about winning the nomination anymore for Bernie Sanders. Thank you very much. John harwood in washington. Coming up, what some in the medical community are doing to reduce the risk of becoming addicted to prescription pain medications in the final part of our series the business of pain. The business of pain a growing number of americans are becoming addicted to the pills that are supposed to help alleviate their discomfort. Last night we told you one mans story and tonight what some in the medical community are doing to try to solve the problem. I dont want to keep taking this pain medication that could make me addicted to it. If i get off of it, ill go through with drauls. So its a fear for you. Uhhuh. Robin, who asked us not to use her last name has been taking oxycontin every day for about seven years now because of her back pain. Though shes not a lone, she is part of a growing number of patients seeing physicians who want to change how they treat pain patients. I want to do genetic testing. That will help us better identify what medications you do or dont respond to. A simple test can reveal genetic markers that can reveal a predisposition to misuse and abuse of medications. We can identify how they will respond more specifically than actually doing the normal trial and error methodology. We want to help relieve a patients pain. Thats been our goal to help relieve it, but now were on task with being able to help take patients from their inner demons which makes thep suspectable to drug abuse. Some arent convinced. From those who help run drug treatment centers. I know