amazon tv, lots of ways to watch round three of the cnbc stock draft and "closing bell" is ready to get underway. let's bring in kelly and wilf, i hope you have been watching, guys >> are you competing with us, the viewers now? taking the - >> we've had such a fantastic two hours as well. >> migrating the audience. >> yeah, away. >> it's a strategy, guys, watch us at the same time. >> multitask >> we want to know what happens, so i was going to say tweet us, but e-mail i don't know keep us posted >> guys, outstanding two hours i'm sure the third hour will be particularly good. kelly, work is cut out >> we do bringing our a-game. >> thank you for that outstanding "power lunch," and now "closing bell," averages positive for the month, what is driving it higher and what stocks to watch approaching the close. >> by the way, stock draft moved

individual names that in a minute facebook is biting back, jumping on earnings result, not rattled by the data scandal, on pace for the best day in two years. hear from amazon, incident analysis of the stock is coming up first, we go over to the tewilf >> separating the fangs into advertising companies and subscription companies facebook, a big mover today as well very sharp pullback, the first broadly -- oh, broadly when we saw markets fall off, and tech companies suffered more, and then the data privacy issue, clearly a big fall, 20%, up a nice 10% today, and has that heart all of fang? if you look at the subscription model company for them and

switch to netflix, you see while they had a pullback, it's coming for you, it was nowhere near as pronounced as facebook, just very small, and much more recent broaden out all four fang stocks, there is, though, a clear split, but google, the other advertising model, falling down 11, facebook down 9 since the recent highs, and two stuff model down 4% and 6%, and other point to note here as well is recent highs for the advertising companies of google and facebook are lot, lot further ago, back to that one, end of the january, start of february, recent highs opposed to reempbt cently that's not related to the facebook data privacy issue, but those advertising companies struggling much more over the last year, 18%, and 67%, kelly >> facebook a laggard in that

sense, but price action today up 10% after yesterday afternoon. julia has more, julia? >> reporter: kelly, facebook seems to have shrugged off the scandal with users, advertisers, and investors. the stock is trading up 10% today. that's on seven analysts' target price increases. deutsche bank expects more headlines and lawsuits for privacy advocates, but the likelihood of worst case fears declined meaning thinkfully. jp said it is a sigh of relief and quarter that can begin to get investors reengaged in facebook shares. we only had two lower price targets with concern about potential impact of new controls to seek privacy policies, limiting european user growth, writing, quote, this is not the all-clear for facebook shares by any means.

this morning, the cto mentioned in a hearing with u.k. lawmakers that the company did not read all of the terms and conditions of the app that improperly shared that user data can cambridge analytica so now we'll see moving forward if there's more ripple effects from the scandal, perhaps in second quarter results. guys, back over to you >> julia, thank you very much for that let's bring in jason for more on facebook, very good afternoon to you, jason thank you so much for joining us >> thank you >> just a clear example how earnings put to bed data privacy issue for facebook, or are we getting ahead of ourselves because the issue came so late in the quarter, it wouldn't have taken an effect really yet >> look, i think it was not just the earnings, but narratives the company put out there. could have taken a page from the pr book and fell on their sword and basically talked down expectations, and they were quite bullish on the call last night, i have to say, while

there was a script on the, you know, on cambridge analytica most of the call focused on ad products and growth seen in the business, and i think combined with the fact that users accelerated in the u.s. and the quarter and didn't spend as much as they talked about, that's what's driving the stock all together >> jason, stocks at 175 now, do you think it's worth $225 a share, looking for capital return there, or do you think they just keep growing like we've seen them grow in the past without getting penalized by wall street for all the issues >> so, look, you know, grew revenue in the quarter on an organic basis, up 43%, one point lower than last quarter. as growth slows, end up somewhere in the 30%, there's a long sales to the growth, and as far as their international bids versus domestic business, international is by far under

monetized, doing $30 per daily active user in a quarter and $5 internationally, and while those numbers, you know, never give party, there's a long run to go international. messaging business is just getting started on money as well as message app there's runway left fundamentally, and the price target is 22 times earnings. that's not extensive for a company that should be able to do 30% plus earnings growth the next few years >> jason, could regulation, whether in the u.s. or abroad change your price moving forward or priced that in? >> so we have a slowdown in international maus, particularly in the second quarter, and, again, last night, multiple times, you know, what impact they thought gdp would have, and it sounds like they have tested this for a while and see the impact as minimal, using the

word minimal, small, multiple times. this is a team where they wanted to send out a warning, they could have done it, and they chose not to do it because i think they are quite confident on the the outcome, and, you know, this gdpr issue is complicated. question is, are they, you know, them and google are particularly well-positioned, and regulations will end up harming the small guy, which is well written about in the press >> yeah. >> jason, thank you very much for joining us this afternoon. >> thank you now, facebook shakes off growth concerns over its data scandal, the smart phone market has new questions every its long term prospects >> earlier on "halftime report," the toni explained why he slashed his estimates for iphone sales, listen. >> caller: we noticed apple built inventory in iphones last quarter, suggesting they were surprised by demand, and, certainly, the data points out of a company like tsmc in asia

are suggesting that that weakness continues, so we have further lowered our iphone numbers. we're considerably below consensus estimates. >> sounds like the smart phone market is in quite a soft press. josh lipton has more, josh >> kelly, another day, another potential warning sign from an apple supplier, and this time, it is samsung. the company saying in an earnings report that profitability for its display business weakened, due in part to decreased flexible demand flexible panels are the screens used for apple's iphone10, and a tough data point here in china, in q1, apple was displaced from the no. 4 position by local brands, according to new data, and apple basically trading flat today, though, down 10% from the recent high. they focused on downbeat news in the company's suppliers, not just samsung, but semi

tim cook said in the past hard to draw broad conclusions based on a limited set of data points because the supply chain, he says, is that big and complex. there's another point that even if the 10 is softer than expected, the 8 line could be strong and give a lift to overall iphones, and apple, of course, reports next tuesday guys, back to you. >> josh, thank you very much looking forward to that. speaking of tech, gearing up for an afternoon of big earnings like microsoft, intel, and others, the biggest day of earnings of the season we have that and instant analysis coming up by the way, amazon up 4% in the session today. what about chipolte, though, how about it stock up 24% after earnings yesterday. this is not a small cap, you know, this is not a new company. >> reporter: hi, kelly that's right it's a big move, soaring up on better than expected earnings

yesterday, and also, though, a lot of investor optimism about the new chief executive officer hearing from brian today in the new roll he is prioritizing customers ne and old. the slogan here is food with integrity and that's why there's emphasis on fresh ingredients in the kitchen. >> job number one is to remind people why they love chipotle, right? stands for how people want to eat, and the food is craveble. >> other priorities are marketing, digital, investing in the people and had a lengthy meeting with the largest shareholder, bill ackman, of persing square >> we are aligned on tons of opportunity for growth as it relates to getting more people in the restaurant, driving transaction, building top line, building more restaurants,

expanding our margin, and i'm excited about he sees the same opportunity that i see >> reporter: ackman floated the idea of moving into breakfast making breakfast and said they will experiment with items on the menu, no commitments to move into breakfast soon, but customers would have access to food earlier in the day, guys, but he wouldn't say, you know, never say never about a potential breakfast burrito, but we don't know if or when that happens. back to you. >> great work in the middle of the kitchen, not being distracted we have to say earlier in the week and last week, earnings season was not delivering the share price performance, but they put that to bed today great share price. >> impressive that they have so big and facebook up 10%. all right.

just under 50 minutes before the close, and because of facebook's moves, tech is the clear outperforming today, and the nasdaq is up nearly 2%, but the dow and s&p both up more than 1% themselves "closing bell" is just getting started. next, the ceo of dunkin donuts responds to the position against his stock. >> same store sales as we saw this morning are growing >> nigel travis joins us live next plus, the state of the etf industry with blackrock's chief. this is the "closing bell" live from the new york stock exchange with kelly evans and wilfred frost. we're back in two minutes.

welcome back, shares of dunkin' brands fractionally lower today, better than expected earnings report this morning, but the stock dip earlier today when the short seller revealed on "squawk" he's been shorting dunkin' for a year here's his view. >> in the west and elsewhere where they are expanding, returns are as low as 2%, cash

on cash returns for the franchisees. this is not, again, a very economic deal for the expansion. this gets back to the heart of the problem, that the boxes by and large is more and more franchises grows by increasing units, but they are not same store sales as we saw this morning are not growing. >> joining us now, nigel travis, ceo and chairman of dunkin' brands thank you for joining us >> nice to see you >> listen, we just heard that comment from jim this morning. main argument gerps your stock is the franchise model, talk us through that we heard a little bit of >> well, clearly, i love a challenge, and that was a challenge before our earnings this morning, and i have a book coming out later this year, so i take him head on he's absolutely wrong.

we are delighted with our store returns. the premise is that we're making money on the back of the fran chee franchisees, and one said how wrong he happens to be, and in california, which he referenced, with catch on catch returns, most came from california, we have a fantastic business model that evolves, continuing franchisees, looking at economic data day in, day out, obsessed with it, and right on top of the numbers, and what he quoted was based on a report that was wrong and since corrected. >> although, he's been cautious about fast food space for months now, partly because of the franchise model, only so many ways to grow the pie to benefit the parent company and so the franchises win is there a deceleration overall

in visits to your locations or the amount of money made are you seeing deceleration in any part of the business there >> a number of interesting points there, firstly, the largest one, we've seen oil prices go up, we tend to do better the next thing is franchisees are excited about the new model, blueprint for growth, like the next generation store and are investing in it, you know, one of the issues we have right now, a number of them wanted to get on with it before we completed testing. i think they feel the economic climate is good. the only real worry i have now, economy at 33%, and earnings from usa today, a lot of small businesses are seeing opportunities with tax reform, and the only problem i say is a

lack of labor, and we talked to the administration we talked to senators, congressman, because in particular here in the northeast, we've got unemployment of 3% we need to cure the shortage problem, but in terms of theeded mo -- in terms of the model, we are excited, differentiating dunkin' from other chains because we see growth, and continue along with starbucks to grow hundreds of stores every year some independents closed down based on our investigation, but we take share from the independents, so we feel very good, very strong, and his assumption that things go badly at dunkin' >> it was down more than that when jim revealed that short earlier today. the recovery we've seen intraday, does that please you what's your message on that

particular share price move back >> well, okay, so, well, i followed it all day as i always do i'm as excited as i've ever been about the future of the company, been here nine years, bought in a new magnificent theme in the u.s., new blueprint for growth, focused on consumer research, and the franchisees bought into it as i just referenced, highly supported, we're going to, obviously, get on top of trends like digital where we are already a leader, and the our drive through stars, there's drive-throughs, big article in the competitor yesterday, bloomberg, how we're the fastest in drive-thru. it's all about creating an environment where our consumers see us as convenient they can pick up their coffee,

which, again, another growing category, and so we feel really good about the future. >> all right nigel, thank you for joining us, responding to jim and others there. again, explaining how you see the prospects for the business thank you. >> thank you >> nigel travis. less than 40 minutes until the close, a good day, particularly for tech stocks following facebook's earnings. s&p and dow are higher by more than 1%, and in the next hour, we turn attention to starbucks releasing their results. see how that stock tends to move after had reports coming up. many others are also reporting afte4:r 00 p.m keep it here on the "closing bell." alerts -- wouldn't you like one from the market

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when everything's connected, it's simple. easy. awesome. we have got 35 minutes to go before the close, and we are looking now at a few individual stocks to watch. i'm going with deutsche bank, which, of course, already closed in german trade, adr here, still down 1.6%. the banks reported numbers this morning, and also announced it's really significantly stepping back from its investment banking exposure the new ceo saying, quote, as it relates to investment banking, we have no sustainable competitive advantages here, getting rid of 300 people, and could be more to come. this is an extraordinary turn around

yes, moving that direction, but the savings only been in the job as the 18 days, such a huge closure of the investment bank >> and market cap. looking at cnbc's ticker there, but under $30 billion. >> yeah, $24 billion >> wow >> astonishing fall from grace bank of america 300, goldman 100. so far off the pace. why they decided to give up on investment banking looking at blue apron, worst performing ipos in recent memory, under $2, up 10% today why? kevin o'leary picked it in the stock draft. listen >> what's the pick >> ready in. >> yes >> blue apron. >> oh. >> below $2 stock. >> if you recall, plated was a shark tank deal, and i sold that to albertson's for $300 million.

>> you need a hail mary. >> that's your hail mary >> no. i honestly -- i don't know if you -- i would rather be in jcpenney >> the intraday chart, up 9% after mr. wonderful -- >> the wonderful factor. >> might have been his second pick was chevron first? >> the first pick. >> interesting as well, and blue apron has done so poorly this revived the hopes investors had like he said, that it goes the way of plated. >> mr. wonderful, did not buy stock, just bet on the forecast. congrats to all the stock drop named. let's go to the floor, mike has ceridian >> wilf, well-received debut, priced at $22 last night, opening $28, up 40% most of the day, but this is not a startup

or a brand new company it's been around a while, a human resource management cloud based software, things like this this company is a descendent of the control data core, went private in 2007, and now it's coming back to the public market and people like this relatively steady business services play, guys >> we'll see if sonos goes public shortly thereafter. >> there you go. >> thank you very much still to come, despite the market pop, the s&p 500 is still hovering flat for the year to date we'll speak with blackrock ishares chief about what investors can do to make money in this market back in minutes.

welcome back this is what's happening at this time bill cosby left court after being found guilty on three countings of aggravated indecent assault in his retrail and could face ten years and fine up to $25,000 on each count. he will remain free pending

sentencing and his team says they will appeal confirming pompeo to be secretary of state he was later sworn in by justice alito at the supreme court nearly two dozen people injured after an explosion in an oil refinery in wisconsin. a smaller tank exploded this morning at the husky energy oil refinery one worker described the blast like a sonic boom and evacuation order for the nearby neighborhoods has been instituted the number of children with autism has increased the cdc estimates 1 in 59 children have autism up from 1 in 68. they think the increase is largely explained by the better diagnosing of minority children. you are up to date that's the news update this hour kelly, back downtown to you.

>> all right, see you next hour, sue, thank you very much news on movie pass, always something with them. julia has the details. >> reporter: well, kelly, they made headlines for offering subscription from movie ticket a day for $10, but don't count on that continuing. the company says they do not know if they will bring back the one movie ticket a day policy for new subscribers. april 13th, they stopped offering that plan, and only offering a bundle of four tickets per month and access to iheart radio for early subscribers, they still get movie ticket a day, but the company says they do not know if that will continue now, just last week, moviepass's parent company reported that tast been losing an average of $20 million a month since september. the company raised nearly $30 million and warned it still needs to keep on raising money guys, back over to you

>> wow >> julia, who would go every day any way? >> you don't have to go every day. >> four times a month theoretically. >> here's the thing, the question, really, is are people really going more than four times a month? people loved the idea that they can go more, and, in fact, the producer in los angeles, steve, he's a subscriber, and i believe he went to three movies last weekend, so you never know >> my mother-in-law -- >> reporter: can they keep going to movies, but maybe willing to pay less and maybe get three or four tickets a month >> and buy popcorn and candy >> there's super users like i mentioned, costco, get the year for $89 and go unlimited there's power users of this. i don't think four times ahas th same appeal, but that was a difficult situation. >> of course

>> reporter: what is their business model and how much value are they generating for their advertisers and people trying to get data on moviegoers, and unlimited, you go to a lot more because it's effectively free >> amc is not happy with them in the way it's going, and ceo was under fire for suggesting with how to monetize. you want to talk popcorn >> i do. i'm hungry >> wilf is hungry. >> expensive, but i always fall for it and buy it. thank you very much for that 25 minutes before the close r and it's been a positive session, indeed, tuesday down, thursday up, and essentially flat part week as we stand now, up over a percent in all three indexes. let's check in on the etfs we have bob pisani here. what do you think, bob >> well, i think that business is still growing rather dramatically

martin, i noticed that the trading -- the inflows are not quite as great as they were last year we had record amounts of money going in, but trading volumes are at records still what's going on? >> yeah, no doubt, bob last year, a perfect year for risk assets, 270-plus billion come into etfs, and this year, worst equity market correction in a decade, but still grown 8%-10% what's notable is trading volumes are up in the new normal again, back from the old normal, higher volatility, lower returns, and they spiked in etfs. week of february, there was a trillion dollars of etf trading. >> why new report out that suggests that institutions are trading. it's not retail, but they use this in a much bigger way than a couple years ago is that a factor >> major factor. wealth managers and asset allocators build multiasset port

folios, and institutional traders trade etfs like futures nowadays, and that's picking up a lot. >> is there a sense you point to the days and reasons why investors may be selling now that the etf has a clearer reasoning around that opposed to individual stock trades that might have been a dominant force? >> all the markets work together, right, single stock markets, bond markets work with composites it's a data index instrument taking its place next to single securities they trade, hedge, risk manage, and uefts to do it >> how many dou y you have now? >> 370 in the united states. >> what's the bar for launching a new one? every day, some new company jumped on a trend and launched something and grabs attention. >> first thing, look for investment marijuana needs a role in a portfolio and

a reason to allocate to that asset class and there's growth in that. lead the market with innovation to index markets that have not been indexed before. >> such as >> that's the barment i think for a long time if you wanted to buy value in equities, choice was a large cap value manager. we have the value, and that's how i get that in a simple basket of 15 basis points. >> one hot topic missing from the etf university, bitcoin. are we going to see a bitcoin etf sometimethis year, in the next year, and are you interested in that >> two things, one, the bitcoin filings that went in, fcc raised a number of questions on valuation,cyber security, the arbitrage message to work. for me, it's this way. bitcoin do you want have the true attributes of money, it's not a unit or stored value, exchanged, or a well-accepted value. for ishares, we make products you can hold forever, true financial assets with real

valuation framework. even it does - >> it's more a security than a form of money so more appropriate for you -- >> it's a commodity more than a currency they have not taken off because they are liquid. they turn over $4 trillion a day. etfs would be a solution in search of a problem. >> so, in other words, because it's so susceptible, it doesn't need the product, so is that the case with bit oncoin >> there's no currency that took off in any meaningful way because the relative trading market is more attractive than wrapping it. >> okay, martin, thank you very much for joining us. >> thank you for having me >> we'll talk, of course, with bob on the floor as we approach the close, which is, by the way, 22 minutes away. as we said, all three up more than 1%. the tech sector leading the charge, nasdaq up nearly 2%. volatile day, of course, for

caterpillar, a week, frankly, and one trader makes his case coming up why he's chasing the stock next plus, a big list of results after the bell today with amazon leading the pack with many others, and we'll talk about how they react on earnings day, we're back in two.

good afternoon, welcome back to the "closing bell" and just under 20 minutes left of trade, higher by a percent. domino's higher after a beat on top and bottom lines domestic and international sales grew, and that stock is up some 8% >> such a monster, domino's is, incredible, another 8% jim cramer has more on the company when he speaks with the outgoing and incoming ceos at 6:00 p.m. eastern time let's get to the closing bell exchange today with the dow up 245 points, joined by steve grasso here at post nine, and rick santelli at the cme in chicago. steve, watching caterpillar closely, that's you, and hy? >> look at the correlation between cat and s&p, it's just a

sector within the s&p. it's nothing to pay attention to correlation is close if you know where cat's going, you know where the s&p is going. >> because of the trade issues on the floor >> no. it's been for quite some time, so i would suggest you chart it and the investors watching now, chart it, see how closely they are together >> for one year? >> a couple years. look at the ups and downs, they are plugged in because of the world economy. throw in there now facebook and technology, you get the whole picture, the whole macro picture why the mark's doing what it's doing, and we have a u.s. envoy going to china we know rhetoric versus reality. softer on reality. that's why the market is what it is now >> earnings for most of the first third of earnings season, a lot of efts beat, but share prices are not performing. today with the likes of facebook, we clearly got some stocks performs whenthey beat

earnings is that turning a corner for the rest of earnings season do you think? >> yes i do i think the top line growth is what investors were looking for. we are starting to see that. that's a positive. we are seeing some other things, though, that we're watching closely. there are some price cost issues out there, seen in the staples area, and the industrial area a little bit, and also in distributors where we are starting to see some inflation, you know, cost in commodities, materials, in transportation, and those costs have put a little bit of pressure on the margin, and so if there's any negative ties, it's a little bit there where you can't increase price fast enough to account for the cost pressures >> rick, i want to talk about the dollar, but i also want to talk about jobless claims. 2 -- is this going under 200,000? it's a five decade low i mean, i didn't know it could go this low. >> yeah. i remember 1969 really well. i don't remember jobless claims

being there, but that's when they were there. no, i think it is a big deal don't want to make light of it i'm just not sure how to factor that in and how much -- to be frank, if they moved up 50,000, you have a better idea how to trade that than to deterioration, all things considered, but i think the big story today is thecombination of draghi and the dollar, and by the way, kelly, the dollar is within a half percent of up changed on the year. the move could get legs. that is important. mario draghi really did things today that were a bit surprising it was hardly a monetary policy meeting. what i would dub it as, discussing the magnified moderation we had global growth, and now there's a hiccup this moderation will get magnified because of the central bankers. you saw the long end boom rates drop down after that, the

euroweak with the reaction to the dollar index, but all things considered, it's not 3% and the ten year that's important if you want to be wonky it's 303, which basically is in the highs for the last two days, and the close yesterday. why? because if this market fails to jump above that very key level that then takes you back to 2011, it's going to revert back, and if it trades under the highs, considering what's out there, the sponginess of global economy and equities, that could be a big trade to pay attention to if i was a trader personally, make a case for buying ten years here and stopping yourself out on a 3.05 settlement >> steve, facebook's up 10% today. are you buying that now? or is that jump already kind of -- >> yesterday morning on the show, finished at the same time, i said facebook and amd specifically, tech as a whole, we're due for that bounce. i got off, and i bought amd

yesterday. they were -- i did sell it talk about fast money. i sold it this morning >> 13% >> for me on amd, i thought, i don't know if this is a real trend in the making or we're just looking at maybe those caterpillar worries are easing after people parsed through that one comment on pete and high water mark, maybe you have to give it a week or so just to see if it's another trading range. >> going back to the whole thing, fascinating about jobless claims, that's a great leading indicator for the market and economy, and it keeps getting better >> jobs number have been getting better for quite some time so you have to pick your spots in this economy it is a global growth in tact. u.s. growth in tact, which everybody thinks it is, and to rick's point on rates, next week, 34% of the people surveyed think the feds are going to raise. i think you're clear for the near firm, at least for a team

rate environment quickly, your top sector pick going through the rest of earnings season? >> i think energy is one of the sectors that's still being ignored. global supply really is down and energy prizes have risen stocks trailed commodity prices, and i think energy is an area that investors can look at that the rest of the market has ignored, and so that's an area, a name that's failed, peer group, a mid-cap name that will show signs of improvement in '18 and stand a good chance of appreciating graee ining greatee market opinion. >> okay. great stuff. thank you very much. >> thank you >> steve, thank you. congrats on your amd 13% >> look at intel after the bell. >> are you buying it >> i don't know. >> interested in data center growth, but i think it's already loaded be careful >> okay. >> 11 minutes to go, thank you,

everybody, dow's up 232 points right now. we see better than 1% rally in the s&p 500, 1.7% gain in the nasdaq right knnow. this company moves more than 6% on results. can you depreguess which it is? revealing the mystery stock when we come back d seamless experiene across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online.

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xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. welcome back, art walked by and said there's 300 million to sell on the bell today, and two stocks came off their highs, dow with a gain of 220 points, and monster gains for the nasdaq today. o'reilly is surging, for example, beating earnings yesterday, now stock's up by 13.5% now. amazon, intel, microsoft and more headed our way, could be big swings after hours bringing us to the today's mystery stock. shares of expedia moved an average of 6.5%, up or down, over the past eight quarters after earnings released.

amazon usually moves 4.8%, and intell moves 4.3% on average after its report >> we're going to hear from starbucks, a 3.5% mover, recently, and microsoft after the bell, also about 3.5% based on the last couple quarters. those numbers and analysis as soon as they are released. up next, the closing countdown. >> the wait is over and votes are in, where amazon should build hq2, the winning city in the dash for amazon series that's coming up duncan just protected his family

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the original place to invest online. welcome back to the "closing bell" this thursday afternoon with four minutes left of trade. we are essentially flat week to date yesterday, a down day, today, the up day we opened higher, steady improvements throughout the day, and we lost a little speed, but still standing up a percent of the s&p and the dow. dow's the laggard, up a percent or so, and nasdaq leads the pack up 1.65% as we approach the close. let's look at the sector performance because the nasdaq's lead of the three indexes also, as you expect, means that the tech sector within the s&p is

the leader for 4.2%, and consumer discretionary, health care doing well, and energy doing well although oil prices are not doing much today telco in the red, a big slide down 3%. in terms of correction territory more broadly for the sectors, staples and telecoms are the only two sectors in correction territory, if we close where we are at the moment. i'm going to end on fang, bob, as you join me extraordinary move, facebook up a nice 10%, and amazon earnings tomorrow after the bell as well, coming up ahead of tomorrow's -- fang's in the focus today. >> two things, number one, we had 23% earnings growth for the first quarter. we started out at 18, now 23 the numbers keep going up, and not only that, going up for the second and third quarters, so it's nota one-hit wonder december piets thspite that, we flat since jpmorgan started

earnings, up fractionally with the close today, but great numbers, earnings going up, and market's not overall impressed that's a problem the one other theme i have seen, again, today, in the last 24 hours, a lot of earnings calls about high commodity costs, high steel, high aluminum and oil costs. what happened to american, talking about lowering numbers there, talking about what was going on with the fuel costs, stocks down today. we heard talk about wage inflation as well. a lot of the companies who are commodity consumers are having problems, and in a few cases, there's margin pressure. they can't pass prices along that's been a major theme. >> energy well today despite oil prices today, in fact, flat, had a good run >> chevron tomorrow. >> chevron and exxon tomorrow. >> the message confusing from drag draghi, the data is no longer strong enough so not tightening

policy so the dollar up nicely against all currenciecurrencies particularly the euroowe >> that was about as much as -- in my mind, as dumbest as you get from drag hi things are going along fine, but bottom line, the data is not as strong as it was before, and we're going to -- it looks to me they are going to keep buying bonds. heaven knows is it 2019 that's a clear trend >> in terms of corrections broadly, 2%, staples and telecom. different sectors under pressure >> both of them, number one, consumer staples, you see the pressure that we've seen on the decline of the brand namesing and you see commodity inflation with them, specific story, and with telecom, you also see the interest rate story, so there have been people who benefitted from the interest rate hikes, banks to a certain extent, and telecom, consumer staples, and utilities hurt by the interest

rate move. >> as we close, bob, herbal life stock, what a roller coaster ride one man knows more about it than anybody else and he's ringing the bell tonight at the nasdaq that is scott, host of "halftime" report, fascinating read, that fascinating battle, so congratulations to scott ringing the bell at the nasdaq we end nice day of trade, up a full 1% for the dow, 240 points. kelly has the rest of closing bell welcome, everybody, i'm kelly evans, congrats, scott, very cool. finishing the session on wall street, dow up 240 on the bell strong day across the board for stocks, and 1% gain for the blue chips, 1% gain for the broad

market 27 points higher for the s&p, 26.57, and nasdaq composite, strongest of one and two-thirds percent today, 7118. a lot of strong performers including amazon posting its results, but led by facebook with a 10% gain after earnings yesterday. russell 2,000 small caps hanging in there with a half percent gain a busy hour of earnings today. josh lipton will bring us microsoft results, and eric is covering starbucks, and courtney will bring us mattel earnings -- i mean, stephanie. you had to be here for this. st starbucks, amazon, i can't wait. i can't wait so much fun. what's the main one for you? >> amazon -- intel -- micrmicro, all important. >> i have to properly introduce everybody. this is michael alongside stephanie link, managing

director, and courteney gibson here, president of lewd capital. visa was the winner after its results talking about a strong economy as well, and disney declined, 1.3% drop. visa up nearly 5%. chipotle up 24% after earnings yesterday, and mike, amazon numbers are crossing >> we got relief among a lot of fronts, yield stocks going up, facebook better than hoped, and the market responded well to earnings people were afraid we would be numb to great earnings that was not the case today. >> courtney? >> absolutely agree. i mean, right now, it is a stock picker's market, and it's earnings season saying we care what's going on with these companies. no longer the macro -- for the time being - >> yeah. >> very much an earnings driven market right now and see with the rally right here, what it's doing for us >> amazon moving benter than 6%

as numbers are crossing the wire that is building, stephanie, on the session today. facebook moves 10%, granted was crushed this year, a company like amazon, too, doing quite well >> and they are beating numbers even on high expectations. that's the thing these are the secular winners everyone threw out in the last month. operating income, 1.09 billion, better than expected, better than guidance. revenues better than expected, 48% growth tremendous numbers stocks are not going away. that's why you have to buy on the pullbacks. >> i mean, if you didn't pick up facebook, you're kicking yourself, and i said, we've talked about it, there's no beating it you didn't buy it, maybe you still have an opportunity. >> mike, the stocks on a one-year basis - >> facebook, believe it or not, people viewed facebook as a two-way opportunity because last week, i heard people say, boy, if it's back to 175, there's your chance to lighten up and sell i don't it's an out of the woods

moment, but reassuring market's responding to what by any measure is good. tried to put it aside, but you see what happened to the market when it does without it can happen, but it fumbles. >> what's interesting, though, it seems like, to me, anyway, that this earnings season we have extreme reaction. ones that deliver and beat expectations are flying, and it's absolutely the opposite for the ones that even just maybe just meet the expectations >> commentary with cat pill ler. >> this could be the peak for amazon >> nobody says that. >> here's the details on amazon. >> we're rubbing our eyes to ensure the numbers are real. looks like a huge beat in terms of earnings per share, $3.27 per share, $1.26 expected.

that would be a huge beat. shares up 7.5% on the revenue side, a beat as well, 510.4 billion, up 43% year on year, 49.8 billion was expected, and this is at the higher end of amazon's guidance. not above it we'll search through the report to see where it came from, but i'm noting jeff bezos in the letter points out awf at the start says there was an unusual advantage of a seven-year head start before facing like-minded competition. remember, this is the profit engine of amazon its growth slowing, but we'll come back to you with the numbers and more back to you. >> thank you, up 7.5%, and they emphasize operating cash flow, up to 18.2 billion, and increasing 17.5% before that everyone's looking at the bottom line now >> that top line growth. >> top line too. >> both. >> both? >> amazon hits on every single

cylinder, saw what you wanted to see, and knocked the cover off the ball in this market. >> past quarters with the big upside, amazon just couldn't spend the cash fast enough in other words, it came in too fast, instinct cloud attack, but it's not clear that's the case right now in the run rate they said, you know, in three months, investment cycle i don't know i wonder if people figure out what the bottom line run rate is right about free cash flow that's the thing, you know, year by year basis, hang your hat on it >> 100 million prime numbers, right? that was the backstop for the quarter anyway that deripped the quarter in a way because you have that as your runway, and aws, ads, recuring revenue a lot of ways to win here. people are just really, they are just starting to really appreciate it. >> at&t with a weak quarter, not

anticompetitive with time warner, and there's amazon, and you go, man, is it too good? too good >> by the way, if it becomes a bottom line earnings style, the stocks are expensive >> huh >> this was a 350 quarter. >> yes >> 14 a share, run rate, it's at 100 times earnings >> you >> it does that. >> i know, but when yahoo! started reporting earnings in 1999 and 2000, like, wow, expensive stock. we can't talk about only revenues anymore >> we'll circle back to amazon, but numbers for the chip giant >> intel looking very strong right now. off the top revenues, coming in at 16.07 billion, a beat by one billion. eps in at 87 cents versus

analysts' estimates of 72 cents a share, and looking closely at that data center group number obviously, referring to the service chips, that number a beat at 5.2 billion versus 4.84 billion. that's a metric as more and more industries shift to the cloud. it's a growing shift to the company as well. the referring group, the pc and mobile chip business there, of course, a pc business declining, but the company is doing well there. 8.2 billion versus projections of 7.9 billion another important focus of the company is the number solution business, 1.04 billion, a draw with analysts' projects of 1.05 billion, and the company building out a new manufacturing plant for memory one head wind in the category could be a drop in memory prices

hearing about that on the call an ai a focus, announcing they hired a chip architect from tesla. expect to hear more on that. stock is up by the way >> that's a huge part of the story. intel up 5.5%. all the chip names in the last few days doing great, going back to texas instruments, amd yesterday, 14%, and now intel up more than 5% >> i have to say, only one thing i cared about, data center growth that's what the growth engine is for the story and they came in at 5.2 billion versus 4.7 billion expectations high numbers creeping in there remember last quarter, they grew 20% in data. we knew they were not going to grow another 20%, but we want the double digit in the seentee, and they did it. >> what about microsoft. josh >> kelly, microsoft reporting etf of 95 cents, versus 85 cent expectations

revenue 26.82 billion, versus a forecast of 25.77, and just looking through the segments, kelly, revenue and productivity and business processes, $9 billion, but office 365 commercial revenue up 42%, and cloud 7.9 billion, and within that, they point out ad revenue growth of 93%, more personal disputing, 9.9 billion, and windows oem up 4%, kelly, and, timely, commercial cloud revenue clocks in at $6 billion and gross margin there of 57%. kelly, back to you >> thank you, josh microsoft dipping 1% right now what does that say to you? >> well, we don't cover the name, but what it's saying here is they are having an issue, clearly, at this point you know, as i said, we don't cover the name stephanie's wheel house. you love it, talked about it before

>> i do. >> is this opportunity to dip? down what, a personalicent so f? >> oh, 1%. they have a conference call and come back up i'm not unhappy with 93% as growth i'm just not it's in line with expectations it's in line had high expectations it might beat i think it's possible. >> high expectation built ten minutes ago. >> and everyone everywhere else. you can't meet, you have to beat >> intel at 5.5%, and my icmicr will take it in stride >> we have more numbers, not just that big beat on the etf side and revenue, but looking at the different units, physical store revenue, that's brick and mortar, 4.27 billion in revenue, and that's above the 4.14 that analysts were expecting. a beat also on subscription services remember, this includes prime

memberships, jeff disclosing timely there's more than 100 million members. that came in at 3.1 billion, a big beat as they expected 2.8 billion in revenue, and awf, a key number here. revenue was expected at 5.6 it 2 billion, coming in at 5.44 billion. that is growth of 49%. so amazon continues to deliver on cloud computing, even though the rivals may be growing unites bigger, amazon is the leader here, and mentioning second quarter, 2018 guidance, net sales expected to be between 51 billion and 54 billion, that's growth of 34% to 42% operating income 1.1 billion and 1.9 billion expected that is a big range there, and higher range that we usually see sometimes at $0. back over to you >> yeah. exactly. for amazon in the past thank you. shares are still up 6.5%, and starbucks' earnings are out. eric has those numbers >> that's right.

this is a slight beat on revenue, 6.03 billion, looked for 5.93 slicing revenues etf in line at 53 cents, same store sales comparable at 2%, looking for 1.9. you know, globally 1.8 and in the u.s. 2%, and in china, they grew 4%. the stock gave up all the gains on the day and have been all gains for the month, just today and now they are gown. analysts looked for a bigger beat given the environment today. back to you, kelly >> down 2% now eric, thank you. kevin johnson is on "squawk on the street" tomorrow to discuss these results. don't miss it. love it. not as good as amazon, which is what we see about everybody. >> hanging their heads in seattle. >> hardly. >> yeah. yeah i mean, on target across the board is not going to cut it right now. >> i think their guidance did a full year at 3% to 5%, and you did 2% that's new, but they have to spend a lot to try to get that

just to even some low end of the guidance range, and so it calls into question, if guidance have to reset lower it's a great company, so is 2% becoming 1%? >> exactly >> yeah. >> it feels like that is a concern around the name, is, where is, how much momentum is there. >> they mentioned 4% growth in china. that's key kevin johnson talked about where they place their efforts, and they place efforts in growth and advancement in china and placing efforts around experiences, right, so i think they are putting that money into that marketing, and it's a company that you hold. i don't know anyone that -- i know so many folks they can't leave and go to work without stopping at starbucks. one of the almost essential items. this is a company that's good, well-run, and great leadership >> stock down 2% as they try to die jest all of this let's go back to amazon because it's fun right now

look, now it's up 6.5% at the highs, up 8%. this builds on a 4% gain in the session today, mike, still just getting a sense of when it -- questions about profitability, to your point is, every time we see a quarter like this, they have a human beat bottom line, what projection can you make from that? >> i don't think you are able to make one really, it's entirely a decision that they have to make, right? it's not about, well, does it have the meat for bottom line earnings it's where they see opportunity. i just take a step back and say just beginning with alphabet's numbers, the whole thing is a reminder i don't think ever in history you see companies of this size grow at these rates. 40% a year >> great point >> a market cap company, revenue base just massive. it's not to gush over them, but observe this is why the market is gravitating to them >> it's not gushing, but

recognize how unusual it is to see this performance last time we had megacap companies like this -- you have to go back -- ignore the financial crisis, but 2000 >> that was -- it really wasn't revenue with the scale they are producing. >> technology is 25% of the s&p 500 now. this is the reason there's storyinies people are willing to pay multiples for, but easier to see where the path is going to go for the companies, especially if they execute versus,i have a lot of value tech as well, but i feel like they are struggling just to keep up. >> oracle, winner take most type economy. >> not like there's not value in them because there is value in the value teches, but these are winners you want to be a part of >> even thinking about every time you turn around, jeff is thinking of something new, a new way to improve the company, and even with the growth we are seeing, part is innovation that the company continues to focus

on right, and even whether it's great, one out of every five ideas are growth, they do not come off the ball like that, but as large and innovative and forward thinking as they are, that's a company you want to be a part of. >> mentioning 25% now waiting, and, yes, there's been a tech wreck in the last three months, but what happens now it feels like everybody's overweight these things and feels like crowded trees >> it's not ripped through entrenchment or people turning their back on these ideas. >> yeah. >> certainly, a lot of people wanted to buy lower. visa made a new high, really a tech company >> up 5%, a huge one too >> remains explicit focus of the market >> stick up more than -- it's for anybody who's not in the names now, do they go -- well, time to leverage and - >> i don't know if it's that quite but talking about facebook last night, the more the companies look like a juggernaut

that candidate help profits coming in the door, they are more of a target >> yeah. >> the tweet of a regulator or something. you can't quantify that. not to be an alarmist. >> a core point. >> amazon has so many ways they are winning now. look at the numbers, the three sections, the awf, up 49%. beat we got subscriptions, i mean, 3.1 billion people thought 2.8 they crushed that number physical stores, whole foods, everyone wondered why do that to begin with, they beat like crazy. >> you can buy baby food on amazon, organic, that's how my child eats right now >> that's a high bar >> just saying >> we'll come back to amazon in a second, and expedia earnings are out. >> looking at a loss of 36 cents excludeing trivago, and revenue 3.32 billion, that, too, and look at growth bookings for

expedia, including home away, increasing by 15% year over year to 27.2 billion. now, this came in higher than street consensus, and perhaps one of the big reason the stock is up 7% here in extended trade. room night 15% growth, still double digit growth. and home away specifically delivered 3.9 billion, representing an increase 46% year over year, the opposition that expedia made for $4 million to better compete with air bnb this vertical is a source of opportunity, not just for expedia, but booking holdings formally known as priceline and others expedia is the vast under performer looking at the online travel space year to date, only stock that's down compared to booking and trip, up by 10% or more, and i

would point out since mark became ceo in august of 2017, shares are down 25%, so really a stock to keep in mind as we look for what happens in online travel as more people book or go beyond hotels to book homes. back to you. >> wow, book homes crazy to think about ny shares up 10% >> they lowered guidance three quarters in a row, have to prove themselves, it's a show-me story. two things i look for, they came in at 124, and that was a beat, and room night up 15%, better than the whisper numbers they delivered let's hope they don't continue to invest as heavy as they has been and that's behind them so they start to see results and get back to a normalized e vagsuation >> contacts how the past year has gone shares up 8% after the results

more from amazon's release >> hey, kelly. just in case you didn't think amazon was doing enough, remember, too, it's expanding offering for prime members, national football league, nfl, amazon renewing the streaming partnership for thursday night football, and the nfl says it's going to be streamed globally in the 2018-19 season, to which is over 100 million amazon prime members. this was the release from the nfl. listening for more once it kicks off at contents, and, of course, amazon is developing a lot of its own original content to boost prime offerings, kelly >> thank you very much it's interesting because lately when you read people talking about streaming partners, the attraction of the prime members is a strong one. it's not like we heard that much about the success of thursday night nfl amazon games, but people look, that's an attractive place to be >> yes from that perspective and i

think that everything's just being funneled through the prime pipe to make it sticky, irresistible, and make it seem like they give you more than you actually think you pay for that's the psychological >> doing the music, it came with it >> right >> what's interesting, even with amazon's dominance, the fact they partnered with best buy around the fire, have you heard about that >> yeah. >> it's, again, incredible they are not thinking i'm a giant, i can lay back and relax. they say, how can i get even better how can i dominate even further, and even with, you know, they see the value in bricks and mortar, a whole foods or saying, we want to say we want to sell fire tv. >> they have been the amazon key partnership with gm and volvo delivering into your truck >> yes >> a nanny version of alexa. >> streaming video, very important. twitter talked about it earlier

this week, and after business now, it's definitely the area where people are focused on and why the companies command the multiples because they're in the places people want to be, not like at&t at this point. >> talk about mattel for a moment, earnings are out >> it's been a busy week for mattel we have the earnings it is a miss quarter here, so we have a miss on earnings, a loss of 60 cents, looking for a loss of 39, but we did have a beat on revenues 708 million, that was above the 694 million analysts looked for. toys "r" us is an issue for the toy makers in this quarter, and learned from hasbro it was potentially a bigger issue than what many realized going in. look at the breakdown of the brands we like to see here, barbie's worldwide growth sales up 24%, hot wheels up 15%, and

thomas and friends down 15%, and american girl down 21% first day of work, the new ceo >> it's his first day? >> today, yeah >> oh, my gosh i didn't know this was day one >> day one >> wow >> up 4.5% against a difficult year >> pointing out if it's a consolation -- first quarter for mattel is by far the smallest. >> true. >> 1 pennsylvan5% of highest sa. >> maybe it's so bad it's so good hasbro comes in and have a merger or sorts. >> who knows >> they just to to make them profitable >> that's true >> still have brand equity >> absolutely. >> show intel here that one now is moving even higher after reporting results the chip giant seen as a barometer where the chip space is up 2%ment 8.5% gain now for

intel, beating bottom line 15 scent cents there >> this comes from value tech and now it's trying to make the transition saw that with kiss sew when they started to see better growth in the growth areas they were focused on there was a rerating, that's what's happening here, data center really is going to be sustained at a double digit lev, and if you listen to google, they increased cap x two times year over year >> right >> bodes very well for intel for the stainability >> true. gave better guidance than the street looked for as well, pushing us higher. parting thought before you go, then, i mean, setup for tomorrow looks good what do you think broadly about the setup for investors in the tech space >> i mean, i think the expectations got to be more realist realistic. that's the high. you are seeing good results issue and evaluations came down a bit, and this is still a place

to be. there's other pockets of the market, but technology is one. >> i think it's a place you have to be, and simply cause of the market and where we live now, completely overweight is up to you, and with names you pick, and put in that portfolio, you are critical that's what the earnings season tells us >> a crazy, very interesting afternoon here with the results. guys, thank you. working through them all another check on amazon, rocketing to all-time highs after a blowout quarter. it's up 6%, trading at 1610, and the triple qs, eft trammed it up more than 100% after hours as well wow. a lot more ahead next on the "closing bell. much more on earnings of the day coming up. we're zeroing in on amazon, intel, microsoft, and more plus, the city america believes is the best pick for amazon's isw headquarters

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trading, 1611 a share after block buster earnings at the 6% gain, a 93 dollar gain for the stock right now. joining us to talk about this, ed lee from recode, and tom forte from da davidson and co. push back on this, oh, no, not as good as it looks? >> $16 like you said, that would be better. >> that's another story. >> no, seems like more of the usual -- awf numbers, again, strong, in a sense that it provides pretty much all operating profit, and it allows them to do other things, and the subscription revenues are the fastest growing. amazon prime, saw the 100 million number weeks ago when they announced it. that all seems to line up. i don't know what they want to do with things like fire tv, the best buy sort of deal they got, like, it's still the narrative -- >> what sense about it >> a real hardware play, a software play, not clear where they want to go with those thursday night football, that was a nice thing for them to

retain i want to get a better sense of media going forward as well. that's a potential big revenue driver international business is still a money loser. that's fine begin the way it expands, but faster growing business, more narrative and color is what we want. >> trip, what are you looking for? >> obviously, a very exciting day for amazon, long term shareholder, we are pleased. i say, wow important to remember that amazon is in the early innings to use a baseball analogy, multiple verticals we feel that are trillion dollar verticals. >> multiple trillion dollar verticals? >> absolutely. you look at food globally, aws, what it could be, industries or areas where, you know, there's over a trillion dollars spent annually and they will be kthsing aws across the board for competitors and combined health care, pharmaceuticals, media, we just see multiple opportunities for them to

continue to grow, and that's why you see the business this large put up numbers like this, which is staggering because they are in the early innings of the opportunities. >> all right, tom, can they get to the later innings and pursue the trillion dollar opportunities or feel more heat? >> so basically, the big wallet for amson today is cloud computing efforts, and there's accelerating growth in the most profitable business is remarkable to the extent that funds their first party retail effort likely break even or better, enables them to have more m&a activity like they did with whole foods, and expand into categories someone mentioned pharmaceuticals. i think what you'll see in the future of amazon is a lot of business services, a lot of expansion outside of retail to fuel the growth, and now they fund it with the cloud computing efforts. >> i wonder if the narrative for lack of a cohesive one is

everything >> it is everything. >> that's fine now >> we are the everything company, right >> overreach, doesn't lead to other muddle, but hard to handicap how it happens. >> that's the right frame work for it they are more of the portfolio company opposed to a retail enterpri enterprise >> like berkshire. >> like berkshire, but the difference is they are building businesses as well as buying them i do think awf can't be stressed enough how important that is. for profit and the way the cloud computing works, as clients come on, it's not just buying server space. that's a way to think about it in the early part of it, but buying software. >> what happens when people with the criticism as you know that's out there, the haters on amazon% politically peaking, will say, this company is just destroying retail in america by subsidizin losses on retail store with

profits from cloud computing is this going to reenforce those arguments? >> one thing i think it's a fair point, and one thing i point out is, you know, they are already operating with such thin margins to begin with, trying to provide the value on the retail front, and in that vain, they are also -- prices are not necessarily the cheapest anymore. >> i know. not at all >> in a way, in some cases, you pay more than going to the store. they are not undercutting competition that much. >> last check, $1800 on amazon, do you change it off the quarter in. >> well, so, again, the fact their fastest growing business is the most profitable and the fact we talk about profitability for amazon, that would suggest shares are worth more than where they trade today, so, yes. >> all right guys, thank you. ed, trip, and tom forte talking amzn wall street strong because

of facebook's results yesterday, and s&p up 1%, dow up 238, about 1%, and the qqqs for nasdaq 1% as well after hours. we just talked about amazon's earnings, but we have more ahead including winner of the "closing arck" dash for amazon hq2, and stbus is trading nearly 3% after its results. hear from a top analyst on the name right after this.

welcome back, tracking major hours after hours, the qqq follows the nasdaq, up 1.33% after amazon's strong result sending stock up 6%. the s&p up a little, could have a big impact tomorrow. starbucks lower after matching wall street's earnings estimates moments ago. let's bring in our starbucks' analy analyst, nick, a lot of focus on u.s. comps, don't you think? what's on investors minds heading into the call? >> the low expectations, made up on the lower than expected tax rate, about three times the model in the quarter, and with that tax rate, they would have missed maintained guidance, so all of the attention is going to be on, you know, number one, how are they going to accelerate the comp going to the second half, particularly going over a tougher comparison in, you know, next quarter, and how are they

going to make up the operating margins in the second half to get within that guidance range >> can china, which put up a good number help to quell concerns about the core u.s. business or no >> china is going to be a meaningful contributor going forward, but that's not something that's going to contribute necessarily in the near term over and above expectations the comp there was more or less in line as well. it's still about, you know, there's a comp and contribution and fy20 and 21 in china in the near term, that's not a driver >> yeah. all right. we'll see how starbucks can do shares up 3% with the call still to come, nick, thank you for the two cents. what do you point to here? >> how plausible is whatever they lay out there their path to accelerating comps for the rest of the year, and i don't know if starbucks needs to be more confident in the warm weather months to pull in traffic. it seems like -- >> what could they do? i mean, can they go higher on

price? you know, do they keep trying some of the initiatives like the pumpkin spice latte. >> promotional type stuff, i don't know or a margin story as well opposed to comps. >> starbucks, down 3%. how about chinese stock do as well >> great number from this company, $16.30. this is blowing past expectations you can see that the stock is trading up 11% now on the back of the numbers, solid volume, strong start to 2018, and q2 revenue guidance is strong as well big moves in the after hours session. back to you. >> 4% pop. that's in tact >> it is, although, the bat part of bat fang has been a lot of --

>> i can't believe we talk bat fang, but that's the market it is, 4% pop >> chipotle, blowout earnings report we'll talk to fast money traders about whether there's still time to buy when we come right back

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shares of chipotle up, and are they making a turn around or too late to ask? joining us, fast money traders, guy and tim, guy, what do you think on chipotle here >> tim said stock's up 25, i thought $25, but 25% that is a staggering move. you look at the quarter and say operating margins were up 300 basis points, comps better than expect e expected, and now the stock at levels we saw years ago. valuation is still stretched you can't find anything let alone chipotle up 25%, but feels as though they turned the boat

around >> look at the chart here, this is, obviously, a really big level, and i'm not sure you have to jump in and buy today, but the comps were easy. think about the year over year comps, people are fired up, talking about refranchising, sharehold shareholder friendly, there was a lot in there for shareholders issue and i think, you know, no, i don't think it's too late. i think it might be too early because i'm not sure we've seen this turn around yet, but i think, obviously, this is very encouraging. >> here's good news for mike, by the way, they'll bring out the breakfast burrito, look, ear to ear right there. >> two blocks away from where i live >> i will be the first person in line for that. guy, starbucks relative to chipotle, down 3% after hours, and, granted n eed they were not smashed, but which would you rather own right now >> wow >> would you rather before fast

money. >> good for mother >> would you rather? i would rather starbucks, not to cast dispersions, but the move is too much too fast forever me. >> tim >> no one invited me to play -- you did, thank you okay, starbucks. on valuation, howard schulz, despite the setback in public forum, they handled it well. this is a company focused on diversity as much as anybody, and they have more channels to push more than any other casual and fastfood chain over serving people, and i'm long the stock, full disclosure. >> one mind on that. guys, thank you very much for joining us guy, tim - >> there you go. >> 75% of the analysts tell you not to buy it. >> wow >> washed out. >> oh, my gosh much more coming up on "fast money" 5:00 p.m. eastern time and more would you rather.

another earnings report. >> kelly, moving in the after hours session to the downside. 28 cents versus .30 estimate, slight miss, 6.41 billion in revenues, better than expected ugliness from the first quarter eps estimates, people were looking for .31. interesting to note this comes a week after taiwan semi missed numbers and said it was worried about the outlook for the rest of the year, and samsung saw weak demand for the panels used in the iphone. that is certainly impacting it here as well back to you. >> ouch. down 18%, flex thank you. votes are in revealing the winner in the dash for amazon series after this

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welcome back. huge story are these earnings today after hours. take a look at amazon which is up 6.5%. that's a new all-time high. it's around 1616 the share right now. intel is up 7.5% or so and microsoft is now in positive territory waiting of course for more detail on the calls for all of these. over the past month we've been watching cities make their case as to why they should be the top four. now the polls are closed and the winner is, pittsburgh,

pittsburgh with 52% of the votes, dallas was the runner up with 42%. singer, songer and pittsburgh native joe had a few words to say about the win. >> hi, everybody. here's another incredible view of our city. take a look. the dash for the amazon at cnbc is over and we won. i want to thank everyone who voted for us, all the family and friends, all the good people of pittsburgh and all our fans from all over. like i said when this whole thing started, why would you want to go anywhere else thanks, bye. it was so low key, so chill. >> his national sales job was pretty good. >> can they really beat out the -- >> it was a long shot for this competition. in the real one it's not just popular vote, it's going to be an uphill climb. >> congratulations to

pittsburgh. more headlines out of amazon. a few more things, more color from the latest quarter earnings. cfo says that a lot of the things that drove this pass quarter will continue to drive the next one. that's why you're seeing that operating income expected between 1.1 and $1.9 billion. aws continues to see strong growth in margins. it's due to strong customer demand and usage on video content, he says they will continue to spend on successful franchises as well as new series. in terms of the whole foods integrati integration, stay tuned because there's more to come. they're looking for more benefit to roll out to prime members. kelly? >> all right. thank you. shares are still hanging on to 6.5%. >> if they give an update on prime membership before it gets to 200 million. >> i think they can be giving it

the clarity. we can do a check on even more earnings movers. next, there have been a bunch for you. coming up on "fast money," a former paypal ceo. bill harris will be on to get into that. help you with that.t jj can jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

welcome back. news out of washington on nafta. >> reporter: it might seem like we've been in this perpetual state of nafta talk. they'll continue. the top officials from z-moe and canada telling us on their way in out of the office that they're going to remain in d.c. for as long as talks continue. the mexican economy minister saying he's available, he's free

for however long they need, they'll be working through the weekend. canada foreign minister saying she would be canceling her trip to visit the nato summit and instead sending someone in her place. the devil's in the details. no word on exactly when that deal could be reached, though. back to you. >> that's like staging a sit-in. we're here, we're staying here until we get this figured out. thank you very much on nafta talks. it's been another whirlwind day on earnings. look ahead to the calls right after this.

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what's in your wallet? let's check on the names making big moves after-hours. amazon for starters, hit 1640 as an all-time high after blowing away wall street's profits and revenue estimates. shares up 6.5% right now. intel rallying big after it easily topped wall street's earnings estimates on data center chip demand. intel's up nearly 8%. shares of u.s. steel plunging. weaker than expected. >> i'm watching the market reaction to these great earnings

from these tech beg weathllweth. if it reverses -- >> if it shrugs at this -- the response pattern changes to earnings over the course of the season so maybe now we're in the positive phase. >> it's quite an afternoon. thanks, mike. that does it for "closing bell." "fast money" begins right now. "fast money" starts with another earnings bonanza. four major companies reporting moments ago their conference calls getting ready to kick off. full team coverage. plus, "fast money" jegene muense manning the red phone. and that is exactly where we start tonight. check out that