[closing bell rings] liz: they sure are. we're expecting good second-quarter earnings season. we're in the throes of it. dow snaps five-day win streak but more earnings right now. keep it here for "after the bell." david: trade tensions weighing in on stocks much the dow back in the red. down is down 133 points. we had a run-up to this day. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have more on big market movers. here is what else we're covering in this very busy hour. training for the jobs of tomorrow. the president just announcing a new initiative, an executive order focused on preparing today's children for rapidly changing workforce. he was joined by members of his cabinet, the heads of some of the biggest companies in america all pledging to help the cause.

lockheed ceo marilyn houston was among them. she joins us from the white house in fox business exclusive. we'll play you his response from capitol hill where he says the president was weak. we heard about a possible second meeting with vladmir putin this time in the u.s. we'll bring you those details. tech giant mike off the out with big results. analysts expect a 10% jump in quarterly profits. we'll bring you numbers as soon as they come out. david: stuart varney is very interesting in that one. back to the markets, the dow is snapping a five-day winning streak. dragged down by shares of travelers, boeing, american express. phil flynn watching action in oil and gold from the cme. nicole petallides on floor of new york stock exchange. nicole about at session lows now. >> we absolutely were. we're down 146 points. we're not too far off the

levels. we started to come back. look we're back in the red. you mentioned some laggards. some names pulled it out like ibm and disney. market breadth was down snapping that recent winning streak. we kept a keen eye on president donald trump and comment he made in an interview where he said hoped the federal reserve would stop raising interest rates. that is unusual for a president to actually comment on what the fed's actions would be. keeping monetary policy somewhat easy continues to spur this economic growth. where they continue to raise rates, even if they do it rapidly, that could quell some of the growth we've seen in our economy, tame inflation. very interesting. that certainly moved the markets to a certain extent. brought us up off the lows and we moved back down. here are the laggards. you mentioned american express. that was a tough one. down 2.7%. travelers out request with its quarterly report. that bustedded trend in earnings

we've seen. microsoft in a moment. look at comcast, disney, fox. comcast dropping pursuit of 21st century fox assets. disney wins out on that one. 21st century is the parent of the fox business network. they will continue, comcast, 21st century fox will continue to battle it out on sky news. microsoft will be right here on "after the bell." it will be coming out shortly. you can see numbers are coming out. we're passing it on. so far so good on numbers. back to you. melissa: looks like a beat there. thank you, nicole. phil, gold closing lowest level in four years, oil climbs for the third day. what is behind the move? >> tell you on gold, only time it shines after president trump's comments basically on interest rates. it popped gold higher. but really the gold market in a lot of trouble mainly because of that strong dollar. nobody wants to own gold right now. unless they stop raising

interest rates. oil was amazing today. it looked like it would collapse as well. we got comment from saudi arabia, wait a second, guys, don't worry, we're not flooding the market with oil. in fact our exports will actually fall last week. that turned momentum interestingly enough, that comment from saudi arabia, came one day after an emergency phone call between the all opec players. all of a sudden not as much oil. back to you. melissa: breaking news. microsoft reporting fourth quarter results. susan li has the numbers. break it down. >> here we go, so we have beat when it comes to earnings. this is the ninth straight quarter. we're looking $1.13 in the quarter. beats estimates of 1.0. estimates over $30 billion. increase of 1%. 17%. five straight quarters, microsoft topped forecasts.

windows eom, revenue they generate from sell be copies of windows operating system, higher than what they did in the last quarter as well. going through cloud. of course cloud is now a big part of the revenue generator and money generator for microsoft. looks like what i see personal cloud computing is 6.9 billion, increasing in the quarter. looking for comments on surface products, surface pro, surface go, the hardware devices microsoft is leaning on, selling a lot of. outlook for those numbers. analysts and investors are looking for. all in all, pretty good quarter. down 1 1/2% after-hours. back to you. melissa: thanks so much. stay with us. bring in the panel for reaction. john petrides, dominic tavella, and daniel rubino, windows

executive editor. what is it that microsoft is doing right now, this hybrid cloud. they gave the example of this elevator company that used to just update their software with microsoft. instead they got into, in addition to that, into cloud support with, in addition to that software that allowed them to maintain elevators all over the place, 41,000 through the cloud. their i.t. spending they said fell dramatically, the amount they're spending with microsoft doubled and capability got much bigger. is that a story they're duplicating in other places, daniel? >> yeah. this will be sort of the big story that is tough to report on. a lot of companies are making these deals with microsoft. you have walmart recently and d.j. i who makes the drones. this ability to leverage cloud computing will be the next big story. you think about this as microsoft creating a global computer. that is what azure is.

now companies can tap into that. next big step for that will be quantum computing though. that is a big story. david: let mow throw in, we got news of how much the revenue increased from their server products and cloud services. it is up 26% in the quarter. constant currency it is up 24% but that is still pretty good. melissa: amazing. john, what is your take on that, john petrides? >> microsoft is victim of their own success. they have beaten every quarter the past couple years. they raised guidance. you don't see that here. their cloud product they're going toe-to-toe against amazon web services and amazon web services growing 40% level it year he over year. microsoft is coming less than that. that is the drag on the stock. because of microsoft you know performance, coupled with netflix i think market will open down tomorrow because this such a dominant name in the s&p 500. melissa: dominic, what do you

think? >> the stock had amazing run. was up 22% year-to-date, year-over-year, quarter over quarter, the stock has been phenomenal. the fact it takes a little bit of a breather is not unusual. this is the quarter microsoft typically report this is other data, how many layoffs they have, reorganizations. that might influence a little bit of the stock. a little bit of a pullback is not the worth thing in the world. melissa: daniel, you said next thing they will be doing is quantum computing, is that it? >> quantum computing is next few years will be next stage. we will not have quantum computers in our hopes. they will host the systems overseas. companies are able to tap into the power. remote computing systems people will use. big news for me at least was the pc story. we saw a lot of good data with windows 10 and oems. first time since 2012 i believe we've seen pc growth. that is mostly due to a business cycle with companies finally upgrading to windows 10 and

buying ultrapremium laptops. that should continue next two years as windows 7 period end for support. david: another surprising increase. big increase in gaming revenue. that went under the radar. for the fourth quarter gaming revenue increased 39%, melissa. this is a big rise. may not be that much compared to the overall amount that they made but big increase in gaming. melissa: john, what is your reaction to that? >> i think they made this transition where you could download directly to the xbox. that to me seem as no-brainer. why do you need disks and why do you need to go to a store? you download through microsoft live app. i would expect that trend to continue. melissa: dominic. the problem with that, as a mother, you just download and download, there is nothing stopping you, because you don't have to go to the store except your mom stops by for a while says, oh, my gosh. >> this is the stream for

microsoft, revenue stream. microsoft is one of six companies responsible for 6% gain in the last quarter. fact microsoft and amazons take a little bit of a breather. this is not unusual, should be considered buying on dips. melissa: go ahead real quick. >> okay. so xbox gaming along with cloud streaming look for that over next couple years. when you combine those two. it will be a big moneymaker for microsoft. melissa: i was going to say, sounds expensive. david: that is big. we have breaking news another meeting, yes another meeting between president trump and vladmir putin is in the works. white house press secretary sarah sanders just tweeting out this. in helsinki the president agreed to ongoing working level dialogue between security counsel staffs. president trump asked john bolton to invite president putin in d.c. in the fall. those discussions are underway. more on this coming up. melissa: speaking out against

critics on capitol hill, secretary of state mike pompeo sitting down first interview with president trump and summit with vladmir putin. how he is responding to say those who say the president is weak. david: you saw it here first. bill browder was on our show furious over the notion that president was considering turning him and other officials to russians for questioning in exchange to access for the 12 russian hackers. well, we have a response from the white house to our interview. we'll bring that to you. >> lawmakers from both sides of aisle urging president trump to reconsider threat to have auto importers with a hefty tariff. commerce department listening to industry insiders. we're live from washington with the latest. >> we need to insure a level playing field with america's trading partners. imposing costly tariffs on this vital industry does threaten our nation's economic growth it puts

manufacturing jobs at risk. r cat a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪ brbut how will his dentured to thicope with... a steak. luckily for brad, this isn't a worry because he's discovered super poligrip. it holds his denture tight

and helps give him 65% more chewing power. leaving brad to dig in and enjoy the tastiest of t-bones. super poligrip, helping you enjoy the foods you love. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

>> lockheed martin ceo, marilyn hewson, how the f-35 doing, good job? david: no pressure. president trump introducing our next guest, signing an order that will train apprenticeships for students to prepare them for the jobs of the future. here is the aforementioned marillyn hewson signed a pledge to train and retrain workers. how did the president did? the f-35, if i'm not mistaken this, is 13 billion-dollar contract for you guys, to build

141 of these magnificent jets. how is that going? >> the program is going great. it is a very important program and it has a lot of american jobs. in fact 194,000 american jobs support the f-35 program today. david: unbelievable. this is extraordinary moment in american history. for the first time in my lifetime, i'm not a young guy, first time in my lifetime we have more jobs than we have job applicants. it what that means we import a lot of workers or we retrain workers we have, some who are still sitting on the sidelines, bring them back into the workforce, get them good jobs meant for the future. that is what this program is all about, right? >> that is exactly right. for the aerospace and defense industry skills gap is we're very concerned. we want to hire american workers to make sure we have the workers for today and the future. if you look at digital economy,

retraining for workers, as well as folks coming out of high school and out of college, college bound, elements of the workforce need to be focused on workforce development. we're excited about the opportunity to support what the administration rolled out. david: training is not cheap. particularly at a place like lockheed where you have really skilled workers. have you prepared for that? have you put money aside for it? are you paying for it because of the reduction in corporate tax rates? how do you pay for it? >> yes, absolutely. one of the areas enabled us to increase our focus on workforce development is the tax reform and savings that came from that. in fact we committed $100 million to just focus on our own employees, current employees today, retraining, upskilling to make sure they're prepared for changes in the work place and in addition to that we rolled out $50 million we're supporting stem scholarships. we talked about today on apprenticeships and vocational

opportunities for training folks that is another $5 million we committed. david: finish your sentence. >> i was simply going to say we're very excited about the opportunity to participate in this initiative. we think it is the right strategy. it's a national imperative to focus on workforce development. david: you mentioned the fact that tax cuts were very good to you. that is giving you extra cash to retrain workers, et cetera. but you have to balance that with what is happening on the trade front. i would imagine the steel and aluminum tariffs concern you a bit, if they haven't already cut into your expenses? >> well, for us, actually we have a lot of long-term contracts we haven't seen impact on our company relative to that. we'll watch the supply chain, some small and medium-sized businesses that support our products. we'll watch impact for them. we frankly haven't seen it. we haven't heard it from them yet. david: you have been there for 30 some years. have you ever seen a business environment as good as this one? >> i tell you i have not. i'm very encouraged by it.

it is exciting for us as a business. what is really exciting growing the american economy. that is good for all the workers. it is very important for our economic prosperity and economic growth as a nation and for our company. david: it is interesting you say that because from the previous administration, not to cast any stones but they were saying hey, you know, you got to get used to this slow growth. that is the future growth that we're on in america. we can't expect growth for more than 2% a year in the foreseeable future. i think we've blown through that, don't you? >> i do and you know we're a nation of optimists. we're a nation that wants to be leadership and in all facets. focus on workforce development and making sure american workers have a chance to grow and progress and be a part of that future why this is such an important moment today. david: best of luck on the f-35s, everything else you're doing over at lockheed. i know it's a busy company. marillyn hewson thanks for

talking to us. >> thank you very much. david: melissa. melissa: all-day hearing by commerce department on the president's proposed tariffs. edward lawrence live with the details. edward. reporter: melissa, i can tell you right now the china chamber of commerce vice chairman is talking to the commerce department against imposing possibly up to 25% tariff on importing automobiles and automobile parts. i can tell you hear the commerce department has received 2300 comment related to this, the vast majority against imposing these tariffs. now the auto industry says they were in protesting here actually with auto workers who came out. they are having what is called a drive-in in this area. they were driving around the commerce department in cars made in the united states and driving around the capital, saying don't impose tariffs. car companies say if you impose 25% tariffs, price of a car made in the united states would go up

by $2,000. the price of a car imported to the united states would go up $6,000. in fact insurance companies say your rates will also go up because the price of parts will be more expensive. it will be more expense sufficient to fix cars. insurance companies will steal cars to get at more expensive parts. that means according to them, 2.7% increase in your rates on insurance company if tariffs go into place. the most harsh comments came from trading partners european union and canada. the canadians say if these tariffs go into effect it would have devastating effect on our auto sector because of retaliations. >> in countermeasures were be imposed by our allies in regards to the auto sector the number of u.s. jobs lost would rise from 195,000, to 624,000, high-paying manufacturing jobs. these jobs could be lost to the u.s. forever. reporter: now this hearing comes

as next week the president will meet the european commission president on possibly talk about a trade deal, the president saying that we would like to get a trade deal on this otherwise they could face tremendous retributions. back to you, melissa. melissa: edward, thank you. our next guest participated in today's hearing at the commerce department on behalf of an organization representing some of the biggest names in the auto industry, bmw, fiat, chrysler, ford, general motors to name a few. jennifer thomas vice president of federal affairs for the auto alliance. she joins me now. what did you tell everyone that was listening today? give us a little sample of it. >> hi, melissa. i was first at pat in the hearing and we expressed our great concerns about the proposed action here. we do not believe that cars are a threat to national security just to put it bluntly. and we believe that if the administration were to move forward and impose deep tariffs

on imported autos and auto parts the price of a vehicle will go up dramatically. that will have cascading effect on our industry and economy. melissa: jennifer, when these same manufacturers are upset when they go to sell their cars other places around the world they face tariffs in the past they complained about, conditions in china, in the past they have been distressed about. wouldn't they like to see relief on that front? >> we are, yes, there are non-tariff barriers around the world that need to be addressed. we encourage the administration to look at those. that is the right approach to moving forward here, not imposing tariffs blanketwide on imported cars. melissa: but, jennifer, being in the car business and you know how negotiations go, i mean just going over to this other country saying hey, you have to lower your tariffs hasn't worked. i don't know if no past administration asked how have we gotten to this point?

without leverage how would you expect to get a better deal over there in. >> we're very pleased to see the european commission president coming into washington next week for discussions with the administration. it is our understanding that he will be coming with some serious offers. you know, we would support engaging in those negotiations with the eu to reduce tariffs across the board. that is the right approach here. not tariffs. not increasing tariffs. melissa: yeah. how will you feel if the president in the end gets lower tariffs all over the place? will everybody come forward, we were all worried for nothing, it is great now? >> we certainly would support expanding market access opportunities for auto exports abroad. if you know, the administration engages in efforts to pursue opportune to reduce tariffs then we would very much support that effort and stand ready to work with them on that. melissa: jennifer, we'll see what happens. it is a big gamble. we'll see. david: lower tariffs for

everybody. our explosive interview yesterday with bill browder whom russian president putin wants to intear fate along with u.s. officials they view as hostile to russian interests making its way all to the white house. here is bit of sound from our interview. >> this is the litmus test. people are saying, what does trump think about putin? what does trump think about russia? this is his big test. he should come out decisively against this. to say he thinks it is an interesting idea to have his press secretary saying they're considering it, that is just shocking. david: well, fox news reporter peter doocy took a transcript of our interview to the white house last night to ask if president trump would resist the russian request to interrogate browder and others and today the press secretary sarah huckabee sanders confirmed that president trump has rejected the russian proposal. >> wow. david: good stuff. melissa: way to get it done. here is another look from microsoft, after releasing fourth quarter results. the software company beating on

top and bottom line. reveal a 10% increase in quarterly profit as more businesses sign up for the cloud services. we're digging further into the report. we'll continue bringing details. david: nice that it is up after hours. tourism on hawaii's big island taking a about hit since the eruption of the kilauea volcano. how they are luring people back with the promise of looking at that lava. melissa: zuckerberg under fire, speaking of fire, the facebook ceo backtracking on recent comments he made following social media backlash. we'll tell you what he is saying after the break. ♪ and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day.

so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day. that's the same things i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments for 90 days. a hotel can make or break a trip. and at expedia, we don't think you should be

rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

facebook ceo mark zuckerberg making comments about holocaust deniers. hillary vaughn. >> now he is trying to clean up some of those comments where he made he defended his company's

decision to let holocaust deniers use their platform. >> instead of people who deny that the holocaust happened. i find that deeply offensive but, at the end of the day i don't believe that our platform should take that down because i think that there are things that different people get wrong, either, i don't think they're intentionally getting it wrong. >> but now zuckerberg is trying to set the record straight saying quote, i personally find holocaust denials deeply offensive and i absolutely didn't intend to defend the intent of people who deny that. zuckerberg says they're not only going to take down content like that it will cause real harm to someone or targeted harrassment. instead they're moving posts down in your news feed. you don't see it as much. they are not deleting them. zuckerberg says they're not promoting these idea but he doesn't think it is right to take down every post that gets

information wrong. >> i just don't think it is the right thing to say, we are going to take someone off the platform if they get things wrong, even multiple times. >> these repeat offenders can still spread their ideas though, even if they're offensive if not true. zuckerberg says it is hard to figure out if someone is intentionally lying or changing the truth, admitting sometimes he get even gets things wrong when he speaks publicly. so facebook won't take action against users who make the same mistake. melissa. melissa: that is really something. i mean aren't they anti-semitic? seems like, sheryl sandberg stands with him. david: i wonder why he had to weigh in there? i don't know. melissa: we get things wrong? i don't know seems like it goes a little bit further than that one. hillary vaughn thank you. david: not backing down, secretary of state mike pompeo sounding off to critics who say president trump's stance on

russia is weak. plus a commitment to the american worker. president trump pushing forward a plan to train workers with hands-on experience. praxis ceo isaiah moorehouse pushing same idea. want to hear what his idea is. it's a great one, coming up. >> america's heart and soul is found in our people, more than anything else it is in our people. it is their love, their pride, their patriotism, make this magnificent land our beloved home. ♪

when heartburn hits... fight back fast with tums smoothies. it neutralizes stomach acid at the source. tum tum tum tum tums... smoothies... ...and introducing new tums sugar-free.

metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection.

before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my mbc with verzenio. be relentless. ask your doctor about everyday verzenio. be relentless. i'm a four-year-old ring bearer and now for the rings... with a bad habit of swallowing stuff. and if you don't have the right coverage, you could be paying for that pricey love band yourself.

so get an allstate agent, and be better protected from mayhem. like me. ♪ david: secretary of state mike pompeo speaking out in his first interview since returning from helsinki with the president, sitting down with our own shannon bream. >> what do you make of assessment that our president appeared weak standing next to putin in helsinki and allegations that he must have something on our president to be acting that way? >> i think those allegations are absurd. this administration is relentless in its effort to deter russia from its bad behavior. we inherit ad situation where russia is running all over the united states. these days have been more heat than light. david: we have columnist doug schoen, former clinton pollster. ab, outside of the beltway, i again i know it is crazy inside

the beltway on this russian business, outside the beltway do you think voters care as much as people inside the beltway do? >> i think we're seeing in polls out today from "axios" and cbs, that republican voters are sticking with president trump and believe that his performance in helsinki was just fine. it is the case that people who have devoted their careers to national security and foreign policy issues and russia in particular concluded universally this was damaging to the u.s. but i think that the problem with this summit review is that it is not over with. that we don't know what happened in the two hours of a secret meeting where president trump, president putin, i'm sorry has gone home and is telegraphing through propaganda on russian state media that they came to agreements and they had discussions about things and

they have things going on. david: right. >> we'll see what happens down the line. as this develops -- david: i have to get doug in here, ab, forgive me. the fact we heard from mike pompeo saying look, the histrionics, people calling the president traitor suggesting that this is the beginning of crystal and everything, compare the histrionics of trump haters with the comments, pretty reasoned comment of mike pompeo there who do you think american voters are going to believe? >> this was not a traitorous act. i think it was the wrong both tone and substance. i think the real question as ab suggested is, where do we go from here, particularly, do we reaffirm nato and article v? do we reaffirm the importance of sanctions to deter bad behavior? and where are we heading. david: by the way, we are heading to another summit. >> that is what i was going to say. are we going to talk about

specific arms control new s.t.a.r.t. and imf agreement. we don't know what was discussed, what is coming, i would ask john bolton focus on specifics, move past the rhetoric, be constructive in advancing our traditional goals. david: ab, we know mike pompeo is not naive about the russians. we know john bolton is not naive. he is fox news contributor to know very well what he thinks about russia. he is not at all naive. maybe the president was doing salesman approach to putin but as you mentioned before, the trump supporters are sticking with him m fact it was "the today show" which had these man on the street interviews, i want to play a little bit of that, get your reaction. go ahead, play the tape. >> totally in support of him. >> why? why are you so supportive? >> because he's, an entrepreneur. he's a businessman, working class person's president. he is trying to make this country great again. >> what they have been doing in

years past, being enemies with him and just not talking to hum or anything hasn't worked. so why not try something new? david: a. about, i will try to push you again on this, what effect do you think it will happen, if any on the elections in november. >> i agree trump's base absolutely sticks with him. they don't like republicans. they like trump. he is not on the ballot. i have no idea what the net effect will be in turning out democrats and independents because of this, because of a failure to denuclearization north korea. i have no idea what the effect of this -- will trump base stick with him? yes. will they turn out for republicans to defend their house majority? david: it's a little early to say on the denuclearization. that is process that we're in the middle of -- >> back to strategic patience on north korea. david: we have another poll from the same poll referenced before, "cbs poll" about the economy. you worked for the guy who said it is the economy, stupid.

>> i did. david: when you rate the economy, you get this extraordinary number here of the people who rate it very good or fairly good, not surprising among republicans it is 82% but among democrats, 60% of all democrats think it's a pretty good economy. >> look, i wear two hats here. i have written three books on russia. two of which john bolton was kind enough to endorse but i also here as political strategist. i was advising -- david: not a tool of john bolton. okay, all right, put that out there. >> not at all. but let me be very, very clear. i still remain a democrat but i am someone who was nonpartisan in my assessment and analysis. david: i think that is fair to say. >> i would say, david, if i were advising them, talk about the economy. pivot away from the summit, the second summit. what was discussed. talk about the economy, the tax cuts and where we're heading now for future so ordinary people think of that, rather than

endless loop about what did or didn't happen on monday. david: listening mr. president, free advice from a democrat. >> i worked with donald trump in corporate capacity. we always had a very good relationship. david: ab, doug, fascinating interview. appreciate it. melissa. melissa: microsoft beating the street. breaking head hines from the tech giant. what you need to know before the opening bell tomorrow. ♪ r satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. ♪ hawaii is in the middle of the pacific ocean. we're the most isolated population on the planet.

♪ hawaii is the first state in the u.s. to have 100% renewable energy goal. we're a very small electric utility. but, if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution using smart sensors on their network that lets us collect near real time data on our power grid. (colton) this technology is helping us integrate rooftop solar, which is a very important element of getting us to our renewable energy goals. ♪ (shelee) if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ i'm begging you... take gas-x.ed beneath the duvet your tossing and turning isn't restlessness, it's gas!

gas-x relieves pressure, bloating and discomfort... fast! so we can all sleep easier tonight. i have to tell you something incredible. capital one has partnered with hotels.com to give venture cardholders 10 miles on every dollar they spend

at thousands of hotels. all you have to do is pay with this at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr! i have the chills. because you're so excited? because ice... is cold. and because of all those miles. obviously. what's in your wallet? david: well some good news, microsoft shares trading slightly higher of a hours following a fourth quarter earnings beat. susan li digging into the numbers. it was down and now it is up a little bit. >> it went down, but we pared that down to .7% gain in the after-hours. it is all about the cloud right now. they are still the leading enterprise solution provider when it comes to the cloud, their playing ship azure cloud

product. revenue surging 89% in the fourth quarter. i know what analysts looked at. the stock was down early on but when you look at numbers that is revenue more than amazon web services. in the quarter, intelligent cloud was up, 9.6 billion. that is what the stock is reacting on. oem revenue is fancy way of revenue selling licensing windows, solid quarter, up 7%. when it comes to pc total revenue, a breakdown of their hardware sales with the surface. you and dave are selling, trying to promote a lot of these surface tablets, 399 surface go, up 17% in the quarter. let's change gears. tell you about a stock really plummeting in after-hours. we're talking about shoe-maker skechers. we're down over 20%. this is because they missed same-store sales domestically. their outlook came in light as well. this is a stock getting hammered in the after-hours session.

guys, back to you. david: focus on microsoft and good news, the fact that stuart varney will now retire. he has it made. melissa: we don't want him to retire. david: we don't want him to retire. melissa: pledge to the american worker. president trump touting the job experience at the white house this afternoon. our next guest offer as way for young americans to ditch the degree and debt that comes with it. a message on the importance of experience next. ♪ with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites...

to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com the full value oft wyour new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered.

leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that combines america's largest, most reliable 4g lte with the most wi-fi hotspots. and it can be included with your internet. which could save you hundreds of dollars a year. plus, get $150 dollars when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. so, howell...going? we had a vacation early in our marriage that kinda put us in a hole. go someplace exotic? yeah, bermuda. a hospital in bermuda. a hospital in bermuda. what? what happened? i got a little over-confident on a moped. even with insurance, we had to dip into our 401(k) so it set us back a little bit. sometimes you don't have a choice. but it doesn't mean you can't get back on track.

great. yeah, great. i'd like to go back to bermuda. i hear it's nice. yeah, i'd like to see it. no judgment. just guidance. td ameritrade. >> to continue this economic miracle, and that is what it is, it's a miracle what's happened in last year-and-a-half, we must invest in job training and vocational education. i mean the fact is that companies are pouring back into our country, companies are frankly left 10 and 20 years

ago. they're coming back and we need people to work for those companies. we need talented people. we need people with training. melissa: president trump signing an executive order that provide new opportunities for students and workers through hands on experience. my next guest pushes same philosophy through his company. isaac moore house, practice sis founder, a organization that helps young people transition into the workforce. i seen you on the air. i thought what your company did is amazing. turns out this is very similar what the president is talking about today. your company basically matched someone's interests with a company that's looking to possibly train someone and get them a paid apprenticeship to match up to get paid for that job, did i explain it correctly in. >> yeah, absolutely. we take young people eager to launch their career now. they don't want to wait around in classrooms. they don't want to go into debt. we put them through a six-month

boot camp to get basic skills and training mind-set they need. the mine set you need to succeed in the marketplace very different than the mindset in school. we place them with start-ups. they're working there in apprenticeship for six months learning on the job. most of them get hired afterwards. absolutely amazing approach and doesn't come with all the debt. melissa: yeah. what do you think of the president's approach, what he did today with companies like lockheed? do you think that this is, is this just the product of a boom or something? is this a normal, i mean, do you think this part of this cycle where we have some people have gotten back to work? so there are more openings? do you think this is a need that will be around for a while? >> this will be around for a while. this is something a long time coming because whatever policies or councils or politicians are doing there is something going on much bigger than that and has been going on, and that is companies are hungry for good,

talented people. the degree is not working as mechanism for preparing people or for companies to find who is worth hiring because everybody has a degree now, they're all kind of the same. getting out, building some skills and actual experience to showcase those skills is just vastly superior. a lot of companies are finding that, looking for alternatives. they're coming to us. looking at other ways to do this. melissa: this is a big investment. in terms of, you know, taking a chance on this person and then the person going and spending all the time, how often does it happen somebody gets to the job, you though what, this isn't what i thought it was going to be? >> yeah. there is always that chance but if you compare it to, and again with our program practice, we have pretty high graduation rate. we work really hard to make sure people that are ready and help them and help support them in those struggles but if you compare it to what are most young people doing to launch their career. they will sit in classes and wonder the whole time if it is

worth it and come out after four or five years with debt and still don't know if it is worth it and still have the experience in the first job. i would argue, even if you go work someplace, come say i don't have a lot of skills, let me start with low pay, so i can learn, three, four, six months in, not a graduate fit, you do that three or four times you will have better starting point of your career, spend same amount of time, a lot more money not getting work experience it will take you time to find a fit but that is okay. >> flip side, the point of going to college to grow up and also develop critical and analytical reasoning skills. that is where you learn to think for yourself, ask the right questions, questions things going on around you, there is more to value than just training for a job. do you think there is still a place for that? >> well, i mean all those things are hugely important. now it's, you're a roman dick if you go to college campus you think, that this is place for everyone going up become

wonderful critical thinkers. not usually the case. i think that part of the package, you can have that for free. you don't need to pay for that. move to a college town, sit in on classes participate for free. that is not what people are buying. they're buying a cree endings did because hoping -- credential and hoping it gets them a job of the it is not just working. you have to grow up to be a mature adult and think critically, you don't need to pay 60 grand to do that. the job part is why people are going. looking for better ways to build the career, while you continue to build yourself many other ways. melissa: you convinced us. we got to go. isaac, thank you. appreciate your time. >> thank you. david: i love the smile grow on his mouth, don't you learn all these critical skills in college? not necessarily. melissa: i'm just trying to mach the other -- that's my job. that's my job. david: meanwhile, hawaii's relentless kilauea volcano cutting into the big island tourism industry. how local fishes are working to keep people safe, but also to

boost the local economy at same time with the volcano. ♪

melissa: the kilauea volcano has been spewing hot rock and ash since may, destroying homes and crushing hawaii tourism industry, officials on big island trying to limit the impact on local economy by searching safe spots for tourists to view the lava. i knew it would happen. david: it terrifying but still beautiful, restaurants and shops in area lost 50 to 90% of their business. current leonl lee hsienly, helit tour passengers can see the lava but not without risk. one woman broke her leg as a result of the lava rock. and two dozen others suffered

minor burns and scrapes, have you ever seen a active volcano? melissa: i have, that one by helicopter just a little bit note like that, but it was amazing. david: evening edit starts now. >> everyone is united by the same goal, to hire train, and recruit american workers. never been a better time to hire and grow in america, we created 3.7 million jobs since the election. in june we grew the workforce by more than 600,000 workers, every day we're lifting our forgotten americans off of the sidelines, out of the margins could and back into the workforce there nothing like a great, great jobs market to take care of that