for now, back to "squawk alley." >> lots of big pieces of news. thank you very much, kayla tausche. good morning. it's 8:00 a.m. at amazon headquarters in seattle. 11:00 a.m. on wall street. "squawk alley" is live. ♪ ♪ good friday morning. welcome to "squawk alley." we look at the markets today. you heard the political news from kayla a moment ago. all-time high for the nasdaq. fifth in a row. amazon, microsoft, alphabet

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 we're seeing right now? >> overarching narrative is that the economy is headed into where these companies are both technology-wise, consumer habits-wise in a great position and they're 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 intel's results. data center group didn't perform the way analysts hoped. intel sort of hinted at that a quarter ago. the street didn't fully embrace it. the cloud business and data center was strong but that traditional business of companies individually buying one off servers not what it once because. we' see it have an impact across the board. >> they have grown their market cap in the last eight years equivalent of gdp of south korea and they are defying a lot of big numbers. amazon comped up 20% four years straight. as they get bigger, their growth has not decelerate. >> it was microsoft left out of the pact but facebook is coming next week. that's a big one too.

>> goldman has a report out today this debate on whether or not the market is being led at least the nasdaq being led by a handful of giants and overshadowing anything else any other company does. they say relative to history, the concentration, the density is not what it was in 2000. >> no. the market itself is very expensive across all sectors. if you look at technology relative to the rest of the market, talking to big institutional investor saying when i look at google at 20 times forward earnings and a cereal company at 20 times forward earnings with far lower growth potential, that's an easy call for me. more money into google. >> one has activist investors and some say the cereal company is more attractive right now. >> everything is expensive. >> there was a study out this week that argued if you look at valuation we're somewhere in the

1997 range where you still had a couple years to go before things truly went -- >> you have another two to three years of extraordinary returns and we throw in the towel and use new economic model and pro-activity paradigm shift. >> you don't think we're there? >> i have no idea. i always like to talk my book. i've been in cash for a year now. >> and a bullish call a couple years ago. >> way too early. absolutely. if you look at valuation, it's more widespread. more concentrated in 1990s and it did go higher but median stock on a lot of different measures when you sicyclically adjust, it's different. >> what's different is large tech is probably more healthy than i've ever seen. you talk about -- you can't even count all of the horses. there is five, maybe six. look at facebook. intel is looking good.

microsoft. google. amazon. apple which people have been trying to leave for dead but it's just doing too well overall. >> apple trading at 17 times earnings. nothing in the 1990s was trading at that. >> they're all competing with each other. amazon wants in on services now which is google's business. amazon is there. maybe the market goes down overall. but each of them has a strong core business and they're aggressively expanding because they know they need to. if you work in tech, you have to be happy about that. >> i wonder if heavy competition could bring some pain, for example, could you see a price war in cloud as everyone aggressively tries to get in. >> i am ready for the announcement that we're cutting prices by two-thirds in cloud and wipe out profit. you have to be used to that with amazon. >> they have the monopoly on

e-commerce but walmart.com starting to see results competing aggressively. any sense that could be a threat at some point? >> walmart buying jet.com was a mid life crisis hair plug. it was a company panicking trying to look younger. biggest write-down in retail history. these four companies only competition is regulators. they are pulling away. they wrap themselves in a blanket. no one can catch them or slow them down except someone in brussels or washington. >> we look at a chart like this, this made the rounds earlier today looking at retail stocks over ten years and how amazon just left them all in the dust. someone said it's a shame the other retailers didn't start their own cloud business, which is true, right? the disruption of retail is real, but it's not like kohl's went into web services. >> amazon is the anomaly for being able to do something that

is so far afield from its core business and make it successful, and if they didn't have the long-term view they take where they are willing to lose their shirts for five to seven years, they never would have been able to do it. >> that's like saying it's a shame newspapers didn't start on social network. if they have the tools. >> jwhen you have cheap capital you can play in traffic and be a threat to any industry. amazon is going to spend 5.5 billion on original content. 2.5 billion at hbo. only outspent by netflix which will now lose $2 billion in cash because they have to outspend amazon. amazon has the -- allies at the end of the war, amazon has 38 gallons of gasoline. they'll win every war with sheer brute force. >> when you speak, it's like you're reading something that's --

>> bold declarations. >> carl can't tweet that stuff fast enough. the dispute between qualcomm and apple heating up. chip maker cutting its profit forecast saying it doesn't expect patent license revenue. i spoke with qualcomm's ceo earlier on this issue. take a listen. or not. we don't have the sound right now. this is remarkable because qualcomm already knew this was an issue. they expected some revenue from apple through the contract manufacturers on this. take a listen now to what steve had to say. >> i think we're probably not going to engage in a battle of press, but i think we have a very strong case and as we start to respond people will hear a different narrative. >> i don't know if this is the narrative that he had in mind.

apple meanwhile has a statement as well saying we've been trying to reach a licensing agreement with qualcomm for more than five years but they have refused to negotiate fair terms. this comes down to the fact that qualcomm gets a percentage of every smartphone, selling price of every smartphone that goes out and they argue, hey, this is no good without the technology that we built in for broadband. if you think about it. they have camera technology and all kinds of technology through the founphones. snap couldn't exist. the e-commerce surge wouldn't be happening if not for core fundamental technologies. apple says we're not having it. doesn't make sense. we built the technology. we shouldn't have to pay you so much. at the same time, this has been the arrangement for a long time. not just in this area of technology. apple wants to tear it down. clear why they would want to but these are really big impacts when a company the size of apple can basically make a half billion dollar in revenue disappear. >> i love when a ceo states he's not going to wage in a battle in the press on cnbc.

there's two sides to this transaction. i think it's unreasonable that apple charges me 700 bucks for a smartphone. apple knew about this agreement. this goes back to how powerful they are. they decided to say that we are so powerful that we can basically wave the middle finger at existing contracts and you come out on the wrong end of this. i don't understand their argume argument. >> what happened in this business a lot of people thought wouldn't happen including me, i thought that it would get commoditized. i will pay for the next one and apple is going to suppliers saying you know that profit you have? we want a big chunk of it or we'll find a way to replace you. they're playing chicken right now. >> i wonder if this escalation, jon, has implications for any of the other chip makers? are they winners at all because of this? >> i've been waiting for something similar to play out perhaps in cloud. you have intel right now that is

traditionally just been this data center. they destroyed rivals. when you got these big cloud players that are increasingly controlling so much of the market, at what point do they have pricing power? on facebook either you agree to my terms or i'll go with amd cluster instead of buying intel chips for my cloud. intel says we'll able to innovate fast enough through acquisitions and other things that we're doing that our performance will be so much better they won't be able to do that. we'll see in three to five years if you end up with the same kind of qualcomm apple dynamic perhaps playing out in the cloud data center. >> and henry tapped into the key point here. most profitable company in history because they achieved something no company achieved in history, premium priced product and low cost leader. this is margins of ferrari with production volumes of toyota. so much power in terms of pricing power but commands the

premium price. i don't think we've seen that in the history of business. >> do you think regulators tolerate it? >> in this administration. people think it's great to own a ferrari dealership and work for facebook and own real estate in san francisco and everyone is out of work sitting on their couch with a big tv and a phone greater than power of apollo 13, i think they'll break these companies up. >> your product is so great that people ought to have it. if your product is that great, you get to do that. >> you have a tiny percentage of the overall market. that's the remarkable thing. they sucked profit out of the entire market into their small market share. >> that's apple. google has 90% market share. amazon is soaking up 50% of online growth and 25% of retail growth and they can go into any industry and crush the incumbent. i think there's a counter to all of these points. >> a lot of people believe that

the next step will be convincing consumers you don't need any other retailer. >> 100%. >> time will tell if he can go that far. guys, that was great. good to see you both. when we come back, an exclusive with gopro's nick woodman. ceo of one of the hottest ipo's day is going to join us at post nine and later on, academy award winning director ron howard will talk to us about his new series on the life of einstein. that's next. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.

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and thank you so much. the billboard music awards. sunday, may 21st. 8, 7 central. only on abc. gopro shares are taking a dive this morning down 5% off the company's first quarter earnings report last night. josh lipton has more from san francisco. good morning, josh. >> good morning. we're joined by gopro ceo nick woodman on the call. nick, thank you for joining us. >> thank you, josh. happy to be here. >> i want to hop right into camera shipments here, nick. you shipped around 740,000 cameras in the quarter. that's down about 50% from just two years ago. isn't that a clear sign of market saturation here, nick? >> no. the market is far from saturated. when we look at data that shows

us whether a customer of a hero 5 camera which is connected to see if they have other gopro cameras as well, we see that very large percentage of customers are new to gopro. not owned a gopro before which would indicate we're bringing new customers into our community and what we see in terms of unit volumes is a year ago in q1, we had heavily discounted go pros in the market to clear the channel and in 2016 we had too much inventory in the channel. in the first quarter we sold through that inventory at retailers so you had significant higher sell through of lower priced product that we discontinue and shifted toward our premium line of products and that's contributing toward our

goal of returning to profitability. net-net, this is all a positive. >> you tick off this good news but the stock it down today. it's down 40% in the past six months. i can only see one buy rating left on the name. what's the fundamental part of this story that the street is just missing on gopro? >> well, you know, truth be told, we are executing a turnaround. we have had several rough quarters previously. we executed extremely well on the first quarter. two restructurings. >> i'm sorry. i got to interrupt you here. let me -- some news breaking. let me toss back to sarah here. >> sorry for interrupting. we want to get to president trump right now in the roosevelt room of the white house signing a new executive order on energy and offshore drilling. let's listen. >> he will go down as a truly

great vice president. many thanks to secretaries wilbur ross and ryan zinke. very proud of the job they're doing. we're also pleased to welcome many members of congress and energy industry leaders in the white house. i want to get them immediately back over there because i know they're voting on lots of different things. we can't spend too much time talking about drilling in the arctic, right? we are opening it up. this is great day for american workers and families and today we're unleashing american energy and clearing the way for thousands and thousands of high paying american energy jobs. our country is blessed with incredible natural resources including abundant offshore oil and natural gas reserves. but the federal government has kept 94% of these offshore areas closed for exploration and production and when they say closed, they mean closed. this deprives our country of

potentially thousands and thousands of jobs and billions of dollars in wealth. i pledged to take action and today i am keeping that promise. this executive order starts the process of opening offshore areas to job creating energy exploration. it reverses the previous administration's arctic leasing ban so hear that. it reverses the previous administration's arctic leasing ban and directs secretary zinke to allow responsible development of offshore areas that will bring revenue to our treasury and jobs to our workers. [ applause ] in addition, secretary zinke

will reconsider burdensome regulations that slow job creation. finally, this order will enable better scientific study of our offshore resources and research that has blocked everything from happening for far too long. you notice it doesn't get blocked for other nations. it only gets blocked for our nation. renewed offshore energy production will reduce the cost of energy, create countless new jobs and make america more secure and far more energy independent. this action is another historic step toward future development and future with -- with a real future -- i have to say that's a real future, with greater prosperity and security for all americans, which is what we want. i'm very proud of the people standing behind me. i'm far less proud of the people standing in front of me. the media.

this is a very important day. i want to congratulate wilbur and ryan and all of the people that worked so hard to get this put together so quickly. it's going to lead to a lot of great wealth for our country and a lot of great jobs for our country. god bless america. thank you very much. [ applause [ applause ] big question. who is going to get this pen? i don't know. [ applause ]

>> what's made this job harder than you thought? >> moving awfully well. getting a lot of things done. i don't think there's ever been anything like this. it's a false standard, 100 days, i don't think anybody has done what we've been able to do in 100 days. we're very happy. >> one day before his 100th day in office, that's the president signing that eo on offshore energy. brings his executive orders signed to, i believe, 30, which is above obama's 19 in his 100 days and bush's 11. eamon javers, offshore energy or congress voting to extend funding, or a health care vote that will not come tomorrow, there's a lot to watch today.

>> absolutely. you heard nbc's peter alexander there at the end asking the president what is it about the presidency that was harder than you expected? the president not really answering that. that was a reference to an interview he gave yesterday to reuters in which he said that the job of president of the united states was harder than he expected. working harder than he did in his previous job and that surprised him. that comment got a lot of attention around washington as people try to pars exactly what the president meant by that. and what it might mean for the rest of his presidency. this is a white house focused on the offshore drilling issue. they say that the revenue to the federal government from leasing in outer continental shelf has fallen 80% from $18 billion in 2008 to $2.8 billion in 2016. they would like to change that around. we're going to have to watch and see whether oil and gas companies feel like these leases are worth really aggressively pursuing given where the price of oil is right now.

the administration feels this review is a first step in that direction, carl. >> it's also not the first time that we're seeing an executive order from president trump aggressively trying to rollback president obama's regulations on the environment. this has been a continuous theme as well. >> sure. you heard republicans during the tail end of obama's term complaining about how many executive orders president obama was signing and using power of the pen as obama famously said. in this case, the president is doing the same thing. in many of the cases he's rolling back what president obama did. a lot of things that obama administration thought they could lock in are maybe not so locked in as they might have hoped. >> thank you for that. let's get back to josh lipton with nick woodman and our apologize for the interpretatiointerpretatiorupti josh. >> thank you for sticking with us. i want to dive into that product pipeline. you're going to have to release a camera later this year that

wows consumers. you've had layoffs at that company. is that a problem? does that impact product development at gopro? >> no. our operating expense reductions do not impact our product road map at all. that's something that we've stressed repeatedly, and i want to be really clear about today is that we have a very strong product road map both in hardware and software and of course this is critical in the about is th business that we're in to create innovative products and solutions that excite consumers. it's what we get excited about most every day coming into work. we feel extremely good about our product road map moving forward. consumers and investors should expect continued innovation and terrific solutions from gopro moving forward. >> i know that's a focus for gopro getting leaner and meaner. is that the end of layoffs at gopro or more to come in 2017?

>> we're confident that layoffs and the reductions that we've made to date are what we need to do to give it our best shot at achieving profitability this year. we feel good about that. we don't expect to have another round of layoffs. >> we talked about the camera. i want to switch to the grown. that's a lower margin product. you're competing there with some big rivals like dji. walk investors through why they should be excited about a lower margin product where you're not even the category leader there. >> well, karma is exceeding expectations external and internal. you know, it contributed to our first quarter revenue beat, but it also did contribute to the lower than expected margin but net-net it's a positive because we're selling more of this

terrific drone product than we were expecting. it is contributing positively to our business and our financials. it is our entry product into the drone category, and it is not as high margin as our other products, but it's only our first product in this category, and we expect to build more profitable drone-related product in the future and the success that karma is having in the market is paving the way for future successful gopro entries into this category. in march, it was the number two bestselling drone in the $1,000 and up price band and that represented roughly 19% market share in that price ban for drones. that's a terrific start for reintroduction of karma. we're feeling good about it. >> turning to the balance sheet, your net cash position in the quarter hit $75 million.

how much breathing room does gopro really have here? >> we feel really good about our balance sheet. that's why we did the debt offering just a few weeks ago bringing in $92 million in net proceeds into our kacoffers to give us more runway and we believe that is all the cash that we're going to need combined with our current cash and our other line of credit. we're financially in a terrific position to continue executing a ten-star plan and we don't see the need for another fund-raising moving forward. >> all right, nick. listen. thank you so much for your time today. sarah, i'll send it back to you guys. >> josh lipton, thank you for bringing us the interview. our thanks to nick woodman as well. still to come on "squawk alley," the cloud just got more crowded. we have a first on cnbc

interview talking about the future of the space and ipo up 26% on the big board and ron howard on how his new series about the life and genius of albert einstein is doing. he'll talk to carl when "squawk alley" returns. whoa, this thing is crazy.

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good morning once again, everybody. i'm sue herrera. here's your cnbc news update this hour. lawmakers have ratified a membership treaty with nato taking an historic turn toward the west despite protests from russia. the country is strategically positioned to give control of the sea. protesters blocked roads and scuffled with police in brazil protesting changes to labor laws and the pension system. brazil's economy is in a deep recession. north korean state tv airing

footage of kim jong-un watching an exercise. the north celebrated the anniversary by deploying long range artillery on its east coast. a johns hopkins universistu that found those who did the most exercise and had the highest vitamin d levels were the least likely to have a heart attack or stroke. that's the news update this hour. back downtown to "squawk alley." carl, have a great weekend. >> same to you, sue. thank you so much. our sue herrera. markets are closing in the uk and across europe. for that we get to seema at hq. >> european stocks wrapping up their best week of the year on this final trading day of april. a busy week ending with preliminary reports showi ining eurozone inflation.

if you strip out food and energy, the court rate hitting the highest level since 2013. check out euro up 2% so far this month. same goes for the british pound where the prime minister made calling for a snap election being one of the big catalyst there. you can see higher against the dollar by 3% so far this month. earnings so keep in mind in the financial sector, ubs moving higher on better than expected quarterly results. helped by strong performance in investment banking and wealth management business. different story for barclays. you can see the stock is down more than 5%. now, here's something that the banks can smile about. european m&a activity $283 billion to date. that's up 38% from a year ago and broader european markets

will outperform s&p 500 this week with france leading the way ahead of the second round of the presidential election and you can see european stocks index up 1.6%. that's also been the case since president trump took office as he approaches his 100th day. european stocks up outperforming the s&p 500. >> thank you, seema. cloud era open for trading. stock up 24%. it was a 2016 disrupter member and fourth company from the list to go public. congratulations. >> thank you. good to be here. >> interesting on a day like today when we see results out of amazon and microsoft in the cloud that have investors very excited, they are listed among the risk factors for you as being big cloud names that also provide some of the data management services that you do.

how is that not a drag on the hopes for where cloud era goes from here? >> it's actually a tremendous opportunity. both microsoft and amazon are tremendous partners. why they are excited to partner with us is we're bringing the world's largest enterprises to their platforms and hoping large enterprises securely operate in the cloud. so we're partnering very closely with them. it's a great journey for us. >> explain if you will the intel connection. they brought in when valuation was higher than it is today. i bet they're glad to see the stock pop up 24% at this point. a lot of people wondering what likelihood is that intel buys more or completely buys you out. what are restrictions and possibilities that come with intel's investment? >> intel is an amazing partner of ours. both a financial investor but a strategic partner. what we're doing with intel is we're designing software and

hardware together to improve performance of big data analytics for the future. intel and us have a long journey ahead. they are very supportive of this ipo. investors with us. they are different than a financial investor. this is a strategic relationship. they have great multiyear road map with us on joint development that we're doing. >> a lot of headlines going into today was that pricing of this ipo was half of the level that you were valued at in private financing. why did you decide now to pull the trigger and go public? >> so just clarity. all of our financial investors are all very happy with their returns. our relationship with intel is a strategic relationship. we structured it differently so we can do joint development going forward. we're very excited about our valuation. we're excited about the activity to the street against our

performance and we have a long great exciting road ahead of us. >> revenue up 57 in the last fiscal year. loss narrowed. how much can investors expect the trend to continue? >> what's exciting is even before the proceeds from our ipo, we're a fully funded company. we're fully funded through profitability. with the proceeds from the ipo that gives us even greater flexibility to look long-term at this market and make sure we remain the market leader by making right investments and having right partnerships and looking long-term. >> other acquisitions? >> some of our biggest investments are developing our new capabilities in the cloud and fastest growing part of the business is adoption of our technology in the cloud. that's why we're excited with our partnerships with amazon and microsoft and google.

>> for everything that's happening here, we collect millions upon millions of events every day to provide surveillance to make sure that we're protecting investors. think smart cars, smart homes, smart watches, everything is becoming connected. that creates a vast amount of data. 90% of the data in 2020 doesn't exist today. our platform is designed to capture data. you can make what's impossible today possible tomorrow. >> we just had a discussion a moment ago about future price war in cloud that would make

current pricing look like child's play. it doesn't sound like that would surprise you. >> oh no. again, we are bringing some of the largest enterprises to the cloud with some of the most sensitive applications with sensitive data. that allows our customers to take advantage. >> when we come back, we'll talk to ron howard on his latest project "genius" but first rick santelli, what are you watching? >> you know, i'm watching --

today on the "halftime report" amazon and alphabet are stocks you must own. can good times keep rolling on? we brought in a technician watching charts and big surprise for anyone looking at big cap tech. that is under way at noon eastern time. carl, back over to you. >> thank you very much.

dow is down 37. let's get to rick santelli who has already had a busy morning. >> thank you very much, carl. busy in terms of data and the data point that sticks out most in my mind is gdp. it really did disappoint and pattern is disappointing. we always know that there's this averaging process to gdp so many, of course, are hoping if you want a strong economy and you have investments that will improve which is everyone who invests we look for second or third or fourth quarters to make up deficiency that we witness. there's a bigger story here. okay. so we had our .7 number. i look up. yield on 10s where it was before the data. i see dow is down a bit. maybe it was a little less negative or slightly positive at some point before the number. when you look at everything,

nothing has really changed. it's very important to understand why legislation that's having a rough time trying to bring democrats to share ideas and be part of the legislative process with republicans, why none of this seems to dent the markets. because of the assumption. the assumption that at least i believe in is that you ever watch science fiction movies with time machines? love those. you go back in time and you change something and you create a new line of present value. a new steadying so to speak. you change history. that's kind of what i think the markets are looking at. hillary was supposed to win under all accounts, and i don't want to sound like a broken cd. in the end, the line we didn't follow in my opinion, that line is the difference between where

the market would have been and where the market is. i think trump's administration affects the market but the bulk of it may be yet in front of us and whether that's a good thing or a bad thing depends largely on the success of some of the things he's trying to put over the goal line. finally, that brings us to deficits and taxes. i was on today and i thought that the conversation we were having about revenue neutral makes no sense. revenue neutral. if i put a group of people that are taxpayers here and i shuffle up what each pays but the amount coming out of that group is the same, makes no sense where the growth is going to come from. the growth comes from the fact that a good part of that tax group will keep more of their money. the affect is a bigger deficit. that dynamic and dynamically scored future will create a lot of growth. now, it's tough to put that one across the finish line because the last administration didn't do well with deficit spending ending in growth. there's one entity we never talk about. we're so on deficits right now,

which is good. i don't like deficits but the federal reserve's quantitative easing program robbed us all of that negative feedback loop governments should get when they get knee deep in deficits. we were robbed of that. the signal never came. that's why we have to talk about future balance sheet issues with this federal reserve. back to you. >> we know where you stand. rick santelli, thank you. and speaking of the federal reserve, a quick programming note. don't miss the interview with the former chairman of the federal reserve, ben bernanke. that's on monday at 8:00 a.m. "squawk alley" will be back in just a moment with the dow down 42. package for 4 rooms.

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for the latest installment of our binge series, we sat down can ron howard who's been called a creative genius. how, he's out with a new series. the first season focuses b on history's most famous one, albert einstein. here's what he said about what makes someone a genius and how einstein and the beatles have it. >> i was editing, finishing up the editing of the beatles documentary. as i was just prepping, the

actual directing of the first episode of genius, about al ber einstein and i thought, oh, my gosh, we just did the second interviews with ringo and paul. they went deeper than before. and we were beginning to shape sort of the final story line of the movie and focus on the themes and i said, wait a minute. these young guys trusted their principles. they, they, they trusted their perception of what was right and what was wrong. whether that was artistic in their personal or political live, right. and the reason they're great is because it turned out they were right more than they were wrong and they're willing to take chances, but they didn't understand why you wouldn't take a chance because their instincts were calling to them to go deeper. to explore the unknown of that

medium. so whether you can say they were individually geniuses or not, collectively, i sort of felt like that defines genius because what i'm sieeing with a young albert einstein was a kind of compulsion to follow his insimgt. if his sense of logic was not assuaged when asked a question, the science, physics for example, pretty well accepted as -- >> a law. >> as a law and yet, he said, no, i'm sorry. i don't see it. and he was willing to go into that dark fuzzy gray place and exploelosi ploer that territory and believe in himself. i think there's something about that word, genius, that probably demands a kind of courage to trust your instincts over conventional accepted wisdom and you've got to be right.

probably a lot f us want to trust. our ego is saying believe in yourself. maybe you get the giant g attached to name. >> a nice bite because you can apply a lot of what he's saying to steve jobs and jeff besos and elon musk, a new series about mars, but this able the toy look past what everyone else is telling you and stick with your core convictions. >> you guys talk about why ion stein has become the genius, like he's it. draw genius, the it's the hair, everything. >> it's one thing to make a nicer one of these. another thing to change the way we think about time and light. >> is this based on the walter isakson book? about ieinstein. >> in perhaps future seasons tackle over geniuses. i'm sure they're thinking now b object who to profile.

>> looking forward to more bi e binge. >> when we come back, mark zuckerberg getting his hands dirty during one stop on his 50-state tour. details on that in a moment. prz n r sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was really scary. a dvt in my leg. i had to learn all i could to help protect myself. my doctor and i choose xarelto® xarelto®... to help keep me protected. xarelto® is a latest-generation blood thinner... ...that's proven to treat and reduce the risk of dvt and pe blood clots from happening again. in clinical studies, almost 98% of patients on xarelto® did not experience another dvt or pe. here's how xarelto works. xarelto® works differently. warfarin interferes with at least six blood-clotting factors. xarelto® is selective... ...targeting just one critical factor, interacting with less of your body's natural blood-clotting function. don't stop taking xarelto® without talking to your doctor

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. mark zuckerberg making what he says is his first visit to detroit, spending time working on an assembly line at a ford f-150 plant. he said he ooempb signed an inspection sticker on o a truck. that's part of his plan o meet people in every state by the end of the year. he's also coming up with these exercises in personal discipline. meanwhile, we're going to watch for facebook next week. it's going to be interesting, wu coming off of last night, got amazon at 934 and google at 937. >> facebooks numbers are going to be in focus given google's results. those pictures, i think it's no coincidence he is signing the sticker on an f-150 here, not a hybrid.

here's a guy who doesn't want to be seen as an out of touch california elite. especially after this political cycle. he's managing his image like a political campaign here. >> is he running if for president? >> i think he's running for facebook. remember, facebook got in trouble with the gop voter during the cycle with all these allegation of favoring hillary because you know, silicon valley was so much in her pocket supposedly. this image says otherwise. >> so in touch. >> meanwhile, as sarah said earlier, stocks still on track for the best week of year. april has really turned on the jets in the latter half of the month, which has been the trend. you get past tax day and markets tend to outperform. all time high on the nasdaq every day this week. trying to figure out last that time happened. >> also had moves 2% high r and the story here is earn earnings because you didn't see the move in the bond market for for instance. oil prices didn't join the party. currencies were quiet. all the action was in stocks, which tells you it was this better earnings story.

i know jim's been talking about this for a while. this whole idea that the tax plan was released finally and markets didn't do a lot with it. >> these earnings had to be great for some of these names to be higher like amazon and they were. let's get to melissa ab the half. top trade today, we trust the trard lineup. am xanson announced hitting all time highs today. are these stocks a must own for investors? joe, have they proven themselves with these reports? and their price action today? >> i think they've proven themselves consistently over multiple quarters. i think the question is, do you have to own them.