on "after the bell." thank you so much. appears vice president joe biden is just a bit late for his speech. [closing bell rings] meantime you witness another all-time record for s&p and nasdaq. connell: we have new numbers just moments away that could send stocks even higher from here. we'll see. google's parent company alphabet expected to release earnings. those are coming any minute. we'll tell you about that report as soon as we get numbers, with the dow settling in nine or 10 points higher at the close. give or take, 1% shy of record territory. the nasdaq closes once again at a new all-time high. looks like the subpoena 500 will by three points. good to be with you on a monday. happy monday. melissa: it is monday. google our big story, tells you so much what is going on in the economy. i'm melissa francis this is "after the bell." we have more on big market

movers, here is what else we're focused on this hour. right now at the white house president trump is holding a celebration ceremony for the baylor women's basketball team, this year's national champions ahead of a very key meeting tomorrow. what to expect when the president sits down with nancy pelosi and chuck schumer this time tomorrow. in pittsburgh, joe biden officially kicking off his presidential campaign. the former vice president is about to make his case for the middle class at his first live rally. we'll talk about his word on the economy. new fears of being watched at 30,000 feet? have you heard about this? cameras built into planes. how much major airlines are responding to the growing complaints from passengers about those planes. you want to hear about that whether you're being spied on in the sky. connell: on the markets today, the s&p 500, nasdaq closing at

all-time highs, third time this year, that we've seen that. alphabet ending up with a new record close of its own, first time in nine months, we've seen that. now it comes ahead of earnings report due out any second now. adam lashinsky joins us from fortune and jonas mack fair remembers. both are fox news network contributors. first on alphabet, google's parent company. all-time high for the stock. this is the big run after everybody thought they were dead next year, right. >> what the market is telling with you alphabet, otherwise known as google, it expects it to do extremely well. when you consider facebook did extremely well if its earnings reports last week. given all the swirl around facebook and many problems it still did well. you shouldn't expect any less from google. connell: revenue is a little light, i will tell you right off the bat as breaking headline. we'll get to jackie deangelis on

breaking numbers at the moment. crossing headline from dow jones, 36.34 billion revenue melissa: just crossing we don't have that confirmed yet. that is just crossing. connell: that may or may not be an ex items figure. the revenue looks a little light. the stock is already down 2%. >> i'm curious how much amazon picked up. i think we just had the golden era in internet advertising. long term regulatory crackdowns, operating as monopolies. more in the shorter term. i think company built, turned the internet into a shopping site. especially on the phone, when you look down there are all ads. melissa: i'm so sorry to interrupt you. we want to go to jackie dean fell list with a little more on this. reporter: melissa, a miss for

alphabet, parent of google. actually eps, $9.50. revenues coming in 36.34 billion. you can see that alphabet fell short, not just on the eps but also on the revenue side. really interesting to note the last eight quarters alphabet beat eps estimates six times and revenue estimates seven times. wall street was expecting a lot today. the stock closed at a record. it is trading down in the after-hours. main metrics to watch here, what the company says about youtube what it says about digital advertising, traffic acquisition costs and also its cloud computing business. remember amazon had a blowout beat. so that is going to be one of the metrics we compare it to on the services side, apple will report tomorrow. how alphabet measures up to the companies in the same space, really, really important on wall street, guys. connell: want to go or melissa -- melissa: she mentioned the traffic acquisition costs we're

wanting to see. 6.68 billion. as operating margin at 18%. go ahead, connell. connell: adam, the traffic or tac, traffic acquisition costs were supposed to be up 15 1/2% to 7.26 billion as melissa says the number is below that at 6.6 billion. stock almost 3% lower. what do you make of number that people look at how they're driving their traffic as a very important metric. >> i want to make sure that i heard you correctly. spending more than the street expected or less than the street expected. connell: less than the street expected. they expected them to spend 7.26 billion is my understanding. >> so the numbers crunchers will have to number one crunch that, number two, ask the company why are you spending less than we expected to, and does that drive the lower revenue figure you ended up with? wall street expected more from

google alphabet. but we'll have to see. all the conversation, all the analysis how much more. how much this matters. connell: it is tough, jonas, so big, obviously alpha bet. it is tough when you want to say, jackie brought up youtube, it's a big part of their business. they don't break it out. it is tough for us to know. >> it's a black box. we know what they spend on some things but we don't know -- the problem with this company, everything outside of what they disclose in advertise something kind of secretive or loy margin or negative margin business. or negative margin. they are really rolling this advertising model, they're beating that horse. with regulatory crackdown or just competition as i was saying before, people shop on amazon now, that is ad place to run the ads as opposed to search. they turned search into shopping. why no-go on amazon to do shopping there. i think they will lose stuff. when you talk about acquisition

costs? they actually pay companies for traffic. >> and others. >> maybe they're not getting as much traffic. part of another problem there is a whole marketing bubble goes on where all these unicorns are spending money driving traffic from other ones. if you look at low margins, recent ipos, margins and acquisition costs so high. they spend it on each other. melissa: paid clicks on google properties up 39%. meanwhile cost per click on google properties down 19%. connell. >> that should be, that should be -- connell: one second. i want to take one second because jonas brought it up, to explain or kind of read the definition of traffic acquisition costs are. the fees that the company is paying. alphabet is paying to partner sites, right? so the ads can be displayed. google ads can be displayed or directing traffic to the site. not just apple, but paid to all of the partners.

the idea that spending as adam brought up, spending less than wall street thought on this. continue your thought on what melissa said, adam. >> the two metrics melissa cited should be good news for them, should suggest they're being more efficient. i want to say jackie brought up a very good point we're now first time comparing google to amazon. amazon has this giant web services business, google doesn't and they want one. it is too soon to say if they're doing well enough to justify the investment but we now know this is very big business they missed out on. investors want to know are you making progress or not? they just have a new head of that business. there is probably no evidence yet that they're catching up but investors want to know if they have a shot. connell: amazon is trying to catch up or so to speak or play, adam, they were talking about the advertising business where google owns it.

the two companies for real are really rivals. >> amazon is the more dangerous rival. it was me set up to be not evil. that company came from private company. >> a good point. >> alexa is beating areas. a lot of areas google is losing because they're not as aggressive as amazon. this whole 20-dollar cost per click thing, related to a strong economy, people paying for each other's ads. it should fall rapidly in slightly weak economy. i don't think investors are aware how high the number is and the advertising market that could be a in a -- melissa: adjusted eps of $11.90. that is adjusted 11.90. we had 9.50 before go ahead. connell: the stock if anything is selling off more here, adam. traffic acquisition costs and revenue being light. so it is clear people want more from the company.

>> i think jonas makes a very good point that the reason why we're spending all this time talking about alphabet at the top of the hour it has become a proxy for not just the u.s. economy but for the global economy. connell: what does this tell us then? >> well, i mean, i've been, i've been around long enough to be wrong with instant analysis but if the revenue figure is light it suggests that the revenue figure is light around the world. that is what we're going to want to know about. melissa: you're so right about instant analysis. [laughter]. that is true. connell: we've all been around long enough. jonas, one last thought. we'll wrap it up. how long have you been around to be wrong? >> through '99. that is all you need to remember how much advertising rates fell 80, 90% in the last big recession. we'll see rates are coming down. the amount of profit you can make in advertise something already starting to to possibly even negative in some areas. in addition all the competition from amazon and their competitors. that will start to weigh on

investors future values of the company. connell: you're always great. thank you. >> thank you. connell: stock down 4%. melissa: all right, feeling the heat. boeing's ceo facing shareholders today for the first time since the series of 737 max jet crashes. jeff flock is at the meeting in chicago with the latest. jeff. reporter: well, melissa, i tell you, shareholders, only one company since dennis muilenburg took over in 2015, on the dow has done better that is microsoft. despite problems around the crashes. today more wins for him with the shareholders. look at pictures inside of the shareholder meeting. number one there was a proposal to separate chairman and ceo jobs. that would put him out of one of them that was defeated a proposal to disclose lobbying in washington. he didn't like that. that was defeated. a proposal to exclude share buyback impact from ceo incentive pay. he didn't like that. that got excluded. muilenburg wins all around and

today, focusing on getting the 737 maxes back in the air. here is what he said. >> we're focused on taking care of that, getting the max up and flying safely. getting it back up and flying is obviously a key step in rebuilding confidence. we rebuild public confident as the fleet gets back up and operating. reporter: however a good segment of the public may not be so thrilled with that. specifically take a look at pictures from outside of this meeting. you know, these, melissa can be fairly sleepy affairs, especially a company successful as boeing. today protesters showing up. friends and family of victims of the two 737 crashes. chicago which is boeing's corporate home, lawyers filing lawsuits against boeing but maker of sensors implicated in the two crashes as well as the fa a-listen to what their lawyer

said about what dennis muilenburg said. >> can you imagine the gall of saying that over all these reports and obviously evidence of a defect in this aircraft. reporter: both sides of the story. melissa, interesting shareholders meeting in chicago by boeing. melissa: jeff flock, thank you. connell: shared office space company we work filing for its initial public offering today. it comes after the initial ipos from lyft, pinterest and zoom. the company did not reveal financial information in the filing but we heard from we work. melissa: hitting the campaign trail, former vice president speaking in pennsylvania laying out his vision for the middle class but are these ideas enough to take on president trump? we'll ask dan henninger from the "wall street journal." the president is getting ready

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connell: one more look at breaking news here. alphabet shares, parent company of google falling after-hours, down 5%. let's go back to jackie deangelis with more insight on earnings. reporter: connell the reason they missed on eps side, actual coming in at $9.50 it would have been 11.90 had it not been by a fine imposed by eu, 11 1/2 billion euros, $1.7 billion. that is what took down the eps, what investors focused on. it is not all bad news inside the report. traffic acquisition costs 6.68 billion was less than the 7.2 expected. paid clicks on google they were up 39%. costs per click on google was down 19%. those are positive as well. operating margin coming in at 18%. on the ad revenue side, more

than $30 billion. remember we were talking about digital ad revenues from facebook last week as well. when you put the two companies together, that is lion's share of the whole space, guys. back over to you. connell: light on overall revenue. jackie, thanks, melissa. melissa: biden's first 2020 rally. the former vice president is about to speak before supporters in pittsburgh at any moment. hillary vaughn on the ground. hillary. reporter: jill biden teeing up her husband, former vice president joe biden, native to pennsylvania. he was born four hours from here in scranton. his big pitch to u.n. workers we need a president that will respect unions and bring back the middle class. when we asked him why pennsylvania, why are you here, pennsylvania is big battleground state t filmed to jump in 2016. voters i talked to today, biden is the guy that will bring pennsylvania back to democrat control in 2020. that is why they're supporting

him. biden also got the first endorsement of any other democrat in the race running for president. the international association of firefighters union endorsed him this morning. their president is also here at this event here today. the event is happening at teamsters temple. there is also a lot of team terse. at one point four million people are part of that union. it's a big voting block for biden. labor is a huge issue here in pennsylvania. biden says his goal is to send the message he is going to bring labor and bring the middle class back but it did not lose notice of the president who did take note of biden's endorsement from the firefighters union. he tweeted that, the unions will never endorse him. they are focused on paying, charging crazy dues and leadership is, are democrats. but he says the members themselves actually support him but biden responded to the president's tweet saying we need a president that respects union workers. melissa? melissa: hillary, thank you.

connell: go to dan henninger from "the wall street journal." he is deputy editor on the editorial page and fox news contributor as we wait for mr. biden to make i guess the official kickoff of his campaign. hillary gets to the.about union workers and president on twitter brought this you willerrer, the president claims members are for him and leadership could be for biden. interesting to see how the it shapes up during the campaign. >> be interesting to see what joe biden says in this speech. hillary was right, pennsylvania, blue-collar workers there, one of the reasons trump became president of the united states. recall in biden's announcement video last week he said, quote, donald trump is the greatest threat to america in my lifetime. but a lot of the people he is appealing to in pennsylvania voted for donald trump, presumably because they thought the obama-biden administration was a threat to america. so i didn't quite understand why he felt insulting trump's voters was the way to get them to vote

for him. connell: that is, you're right about that because if he is trying to take back pennsylvania, certainly trying to take back wisconsin and michigan, prevent, his campaign manager said over the weekend, say minnesota from flipping. the president's campaign thinks they can flip that. if it is not insulting the president, what is the best argument? on paper it might be trade but there is a lot of loyalty to the president on trade, at least i sense it, even if people are being hurt by tariffs, many are still loyal to the president. i wonder how biden and others will make that argument? >> that is one of the reasons trump did what he has done on trade though he personally believes the trade deficit is damaging to the united states. he pulled us out of nafta, ttp, presumably something the union workers would like, that kind of protectionism. what is going on here the battle for the american economy. whose vision what is going on to the american economy right now is truer to the reality and experience of those voters.

connell: right. >> donald trump said he restored the economy, restored states like pennsylvania, wisconsin. joe biden is trying to argue that the middle class is full of economic anxiety. i'm not sure he really has the better of that argument but that i think is the pitch he is going to make today. connell: again to go back to your first point, he will try to make it personal, maybe that is because he doesn't think that he has that economic argument to make. there is reason, brought this up a million times, got to be a reason the president's approval rating is not higher, should be higher than 43% on average. that must be the personal stuff, extra curricular activity because the economy is strong. >> that is exactly right. his task is to make people be upset about trump and his personality. a lot of the idea that a lot of electorate doesn't like the trump personality. he will try to drive that idea as are other democratic candidates. it is difficult for them to argue on the merits of this

economy right now. we have the below full employment, that "wall street journal" has a wonderful story today how a lot of women are being pulled into blue-collar jobs like long distance truck driving. connell: saw that, a good story. >> extraordinary, there are not simply not enough men around to fill the jobs right now. donald trump made it clear as he did in the rally in wisconsin the, last week he will pound these ideas into people over and over and over again. you know will show up there in pennsylvania after joe biden and make that argument to them as well. connell: been there many times. you're right. he will be back. dan, good to see you. dan henninger, we'll see biden in a few minutes. melissa: chuck and nancy's great adventure smart three. the speaker of the house and the senate democratic leader heading to the white house tomorrow to talk infrastructure. one issue both sides hope to see bipartisan progress on. good luck with that. blake burman live at the white house with latest on that. blake. reporter: i guess you could say

here we go again, because for the first time in a few months nancy pelosi and chuck schumer will be here at the white house to talk infrastructure with the president. we'll hear this is fairly large group of democrats, i'm hearing along the lines half a dozen different senators, half a dozen different members of the house, all democrats sitting down with president trump and his team to talk infrastructure. ahead of that meeting today pelosi and schumer, the top two dems on the hill sent the following in a letter to president trump saying they want an infrastructure package to be expansive, writing quote, to truly be a became changer for the american people, we should go beyond transportation into broadband, water, energy, schools, housing and other initiatives. now president trump has said that infrastructure is a priority of his but the white house also has yet to lay out any sort of detail as to what their plan might entail. >> it will be a good sit-down. it will be a good discussion. there are a lot of thoughts out

there and we want to hear what they have to say about it and we'll react to that but no, we're not coming in with a blueprint, no. reporter: couple things to watch for here, connell, melissa, in december 2018, the throes of the government shutdown when those two were sitting down with president in the oval office the cameras were brought out for everyone to see. we'll see if that happens tomorrow. the last time this group met, the president walked out of the meeting, called it a waste of time. melissa: hopefully will be a little better. breaking news, former president joe biden holding a campaign rally in pittsburgh, pennsylvania. let's listen in. >> reflects on the anti-semitic attack that took place this weekend in poway synagogue in california. one dead, three injured, but folks we saw hate in charlottesville. we saw it again in pittsburgh at the tree of life synagogue,

attack, deadliest in american history on the jewish community and we're reminded again that we are in a battle. we are in a battle for america's soul. i really believe that. we have to restore it. [cheers and applause] so, folks want to thanks rich fitzgerald, the county executive for being here and mayor of, the mayor city of duquesne is here as well. you're here somewhere, mayor, i got to see you. [applause] international firefighters general president and my friend for a long, long time, one of the guys in unions they say along with the teachers brung me to the dance when i started. thank you. [cheers and applause] thank you for your endorsement. and kevin schmidt, president of teamsters local here, thanks for

the use of the house. appreciate it. [cheers and applause] president of firefighters, dave, where are you. president of the firefighters. dave, right by you. dave, thank you very much. also, a real, a union that helped me in a very, very beginning of my career i had great respect for the united steelworkers. bobby, thank you. [applause] and the building trades, frank is here too. so look -- >> [inaudible] >> you got it, pal. look, i, pennsylvania federation of teachers. pennsylvania state education association. american federation of government employees, afte, united brotherhood of carpenters, service employees union, sciu, united food and

commercial workers. by the way, i make no apologies. i am a union man. period. [cheers and applause] let me tell you, let me tell you -- >> we want joe! we want joe! >> thank you. >> we want joe! >> thank you. let me tell you why -- thank you. let me tell you why i chose pittsburgh to begin this effort. i believe that pittsburgh and my native town of scranton and my hometown of wilmington, claymont, they represent cities and towns make up hard-working middle-class americans who are the backbone of this nation. that is not hyperbole, the backbone of this nation. i also, i also came here because quite frankly, folks, if i'm going to be able to beat donald trump in 2020 it is going

to happen here. [cheers and applause] -- pennsylvania. with your help. with your help. going to be able to do that. >> we want joe! >> thank you. well, with your help, with your help, i think we're going to be able to do that. i think we'll be able to do it in pennsylvania, western pennsylvania, northeast pennsylvania, places where a little lately we had a little bit after struggle. but the truth of the matter is, i think we're coming back. so please, please go to joe biden.com and sign up and join our campaign. we need your help. we need your help. [cheers and applause] there are three basic reasons why i'm running for president of the united states. the first is restore the soul of the nation. and the second is to rebuild the backbone of this nation. and the third is to unnye this

nation -- unify this nation. we always work together when we act of one america. i want to speak about the second of these three, rebuilding the back.of america. if we have time, all my time in public life since i've gotten involved i've been referred to as middle class, joe. it is not always meant as a compliment. it is usually meant that i'm not sophisticated. that i'm middle class joe. i'm awfully sophisticated why, how and who built this country. let me say this simply and clearly, i mean this, the country wasn't built by wall street bankers, ceos and hedge fund managers. it was build by you. it was built by the great american middle class. [cheers and applause] and america, american middle class was built by unions, by you. look, folks, you know, that is the story of america. when ordinary people from neighborhoods like yours and

mine we grew up go out and do extraordinary things that is how it happened. when i look out at this crowd, i see folks from my neighborhood in claymont and wilmington, scranton, i'm not being solicitous, i mean it. i see people with physical courage and brains. people that busted their backs their whole lives to care for their families. i see people like millions of people across this nation who get up every single day, go out and work like the devil, to raise their families, pay their taxes volunteer in their communities to make this country work. i see people understand that being middle class is not a number. it is a value set. it is being able to send your kid to a park where you know they are safe, being able to own your own home, not just have to rent it. being able to send your kid to a good school, if they do well they can go beyond high school, trade school or college or beyond. it is about taking care of your

geriatric mom when your dad passes, hope your children never have to take care of you because you earned a solid and decent retirement. [applause] that is middle class. that is not asking a lot. >> we want joe! we want joe! >> everybody knows it. middle class suretying. 53% of americans don't think they will have the same status they had. that is the first time it happened in a long, long time. stock market is roaring but you don't feel it. there are two trillion dollar tax cut last year. did you feel it? did you get anything from it? of course not. of course not. all of it went to folks at top, corporations that pay no taxes, number of corporations pay no taxes now has doubled since that

took effect. look, nice -- guys, this is not good. what happened for a lot of different reasons. for me one of them stands out basic bargain used to exist, democrats and republicans used a agree to broken, you contribute to welfare of enterprise you worked for you got to share in the benefits and profits. if the enterprise hits hard times everybody took a hit up and down the line, from the secretary to the ceo. but that bargain has been broken. now the only people benefiting when a company does well is ceos and shareholders. the people at the top. normal people get hurt when a company gets hit by hard times are workers. it's a one-way street these days. just look around. gm. i worked like the devil to see to it that gm stayed alive in the white house. union workers, the uaw took incredible cuts in their future

and their pensions to get gm working, to keep it alive. taxpayers bailed them out. they paid it back and paid it back with interest but what happened? well ceos and executives are ones that did quite well. the second, the second they hit hard times, what did they do? they closed plants. they announced they will lay off or transfer 14,000 workers. they also got that last year, over $192 million in tax breaks. they could have given everyone they laid off severance pay if they had to. could have given everyone. they did nothing. they bought back their stock, raised their benefits, raised their salaries. announced they would build the new truck in mexico. folks, folks, no, look, i just did a rally for the united good workers in boston.

31,000 workers went on strike to protect their wages, health care benefits, retirement benefits. was stop and shop in trouble? no. parent company made $2 billion the year before. $2 billion. what did they do? they were going to decide notwithstanding, they were going to buy back their stock and try to cut wages or freeze wages for their people. it is not right. connell: i think we have learned a little bit today, joe biden, former vice president of the united states live in pittsburgh, we went to the speech, we were talking to dan henninger, wonder what type of economic argument would biden make. melissa: very clear. connell: there he said, the stock market is roaring but do you feel it? then in the next breath before we got out of the speech which we're doing right now, the tax cut that the trump administration put in place, do you feel it? he answered his own question. of course not. his argument only those at top are feeling it will be the biden argument. melissa: very much corporations are the enemy. like you said the tax cut you

din feel it. it went to corporations. this is not good. it is a one-way street. echoing the obama administration, you didn't build that, in terms of companies and rich people. he started out by talking about the synagogue shooting. he immediately mentioned just like charlottesville, this is a battle for the soul of the country as well. so making that argument at the beginning too immediately connecting that to charlottesville, making implication the tenor in this country is responsible for that, it starts at the top with the president in his opinion. connell: that is joe biden, officially on the campaign trail now. that is his first campaign appearance in pittsburgh from now until then. melissa: yes. connell: major court appearances this afternoon. attorneys for lori loughlin and 15 other parents formally entering not guilty pleas. then michael avenatti facing a judge but this time facing a judge as a defendant. melissa: crushing the come things "avengers: endgame"

shattering nearly ever single box office record ever. we have all the details. where the marvel universe goes from here coming up. connell: frightening new discovery, causing concern for airline passengers, why your privacy could be at risk. what airlines will do to fix it. this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go.

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dozen other parents pleading not guilty. rick leventhal with the latest. reporter: connell, 19 not guilty please entered in boston federal court. no defendants were there, just attorneys which is basically formality since lori loughlin and her husband and others waived right to appear in court. this group of parents facing a pair of serious federal criminal charges. conspiracy to commit mail and wire fraud and money laundering conspiracy. the second charge added by prosecutors after some of the negotiated plea deals but these did not. the government says loughlin and her fashion designer husband paid half a million dollars to fake their daughter's way into usc the celebrity couple is fighting back questioning the evidence before they file any substantive motions in the case. the judge ordered prosecutors to turn over their materials by the end of may. meanwhile actress felicity huffman has taken a different route, moving up her court date to may 13th. expected to plead guilty paid 15

grand to improve her daughter's s.a.t. scores. she could serve this year, potentially out of jail before the case is resolved for many of the others. hough man huffman is ashamed of the shame she caused and her daughter didn't know anything of the action. one of laughlin's daughters participated in pictures are even though she was not on the crew team. connell: thank you, rick. melissa: these facts are really stunning. the idea that hough man moved up her may 15th, four to 10 months. did you think she will do jail time even though she pled guilty and been so compliant sounds like? >> she has done all the right things, interestingly overtime and decade this will be a case

study. felicity huffman aided, and lori loughlin fought. we'll see if huffman does jail. this crime cries out for jail at some level but of the hubris of all of it i have to to come felicity huffman. melissa: you think loughlin's daughter could face jail because she pretended to be on the crew team. do you her daughter will go to jail? >> part of your job as a federal prosecutor to raise the risk of the defendants. you want them to go to prison. depend how strong the case is against the daughter. melissa: putting pressure on probably? >> that is what it is all about. they're trying to beat them over the head to get them to plea. >> let me ask you about michael avenatti before we run out of time. he is facing up to 333 years in prison, on charges that he stole

millions from clients, he cheated on taxes, lied to investigators in federal court. this is what they're saying. what is your take? >> i read the indictment. it is pretty compelling. it is pretty overwhelming and lot of money. it's a long way from being convicted but if he is convicted under the federal guidelines he could spend time in jail, five or seven years under the guidelines. he would give new meaning to the term jailhouse lawyer. melissa: no doubt. good one. fred, thank you. >> thanks for having me. melissa: good analysis. connell: all right. the final trade negotiations the trump administration saying we're close to reaching a deal with china. plus, are you being watched? melissa: what? connell: 35,000 feet up in the sky? melissa: yeah, probably. connell: the latest privacy controversy has airlines scrambling for a fix. that is next. melissa: that's horrible.

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melissa: united airlines for controversial cameras in the seat-back cameras in entertainment system common for air manufacturers. the airline says they were never activated but have been covered up. united is not only airline dealing with the backlash. delta is covering up these cameras as well. did we even know they were

there? connell: they're watching you. they're watching you. melissa: of course they are. how creepy. connell: creepy. inching closer to a trade deal, maybe. president trump sending the top negotiators to beijing tomorrow. the two sides are still working. they're still supposedly, sticking point or two to work on. let's get to edward lawrence live in d.c. with the latest. edward? reporter: connell, today, u.s. trade representative robert light highers left for china. the meeting is scheduled for tuesday or wednesday to see if the two sides can get close to an agreement. then the chinese dell delegation comes to washington on may 8th. he adds the main sticking point we're close on is tariffs. >> the enforcement mechanism is close to done. i would say that is one of the areas we made a lot of progress that need as little bit of fine-tuning but i would say we

have fundamental understanding in that area. reporter: sources say, trade sources say one lal to roll off tariffs as china reaches certain benchmarks. white house economic advisor larry kudlow says they're 95% done with a deal. connell: all right. edward. melissa: we paul avasaano. he is back from beijing where the latest negotiations will take place. your note is fascinating, what you saw on the ground flies in the face what everyone else is saying. there is adjustments of the trade war, people are making best of it. talk to us about that. >> that surprised me quite well. quite frankly i was surprised, was there 10 days in the region, met with 13 investment funds had china and southeast asia. talking with them they control several hundred companies throughout the region or invested with self hundred companies. asking them the view of impact and managing tariffs from the

u.s., without hesitation almost all of them were not heavily concerned because they had developed work arounds. when i asked what the work arounds were, most of the manufacturing is moved or is moving to southeast asia to avoid the tariffs. either joint venturing with local entities within southeast asia, philippines, thailand, malaysia, quite frankly greenfielding new plants in the region to avoid the tariffs. melissa: that is lower cost of labor there? >> lower cost of labor, not as efficient what they have in china but lower labor costs. >> also. investors said they welcomed the macroeconomic disruption. that it creates opportunity. isn't that always the case with these things? >> like everywhere else in the world, valuations are generally high from m&a perspective. anything that pulls back down the economy and valuations creates buying opportunities. melissa: larry kudlow says look if china opens up there is huge

opportunity for us to sell into china. speaks to the points you're making, people are nervous out of the gate, don't move my cheese, i know how i'm investing. this could create some real opportunity. do you see any of that, is anyone talking about that? that it could be a new market? >> no, absolutely f we could actually this settled which i do believe will happen. i don't know how long it will take to actually happen. i do think it will create tremendous opportunity for u.s. businesses to enter into the chinese market or expand further when they're already. there but i also think another key point is what will happen to the u.s. equity markets. i think you'll see a huge pop in the u.s. public equity markets as well when this thing ultimately gets settled. melissa: interesting. paul, thank you so much. appreciate your time. good stuff. >> thank you. connell: let's get back to the breaking story this hour, earnings we brought you from alphabet. the stock getting worse as the hour goes on of the it is down 7%, the parent company of google. the big thing here is really the revenue.

it missed estimates on revenue which is rare. we look eight quarters back. last seven out of eight quarters beat estimates. this time it missed. slowest pace of growth in three years. the stock is taking a hit, down 7%. melissa: throwing punches on and off the screen. "avengers: endgame" breaking box office records and causing some chaos. ♪ it's been a long time since andrew dusted off his dancing shoes. luckily denture breath will be the least of his worries. because he uses polident 4 in 1 cleaning system to kill 99.99% of odor causing bacteria. polident. clean. fresh. and confident.

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(vo) go national. go like a pro. see what i did there? >> breaking records today. marvels adventures and game making history on opening weekend. with the latest details. >> mind to melissa. this film was more than a decade. two dozen films in the making. the question now, what kind of lags will the adventures have after unprecedented one in nearly a quarter billion dollars worldwide in just five days.

after all, the social security age with nfl reading back in a moviegoer in hong kong for sharing secrets to folks in line at the theater. no spoilers here but the end entered end game does have the story for fresh storyline. in the disney plus streaming service. in game directors were speaking today at the conference in l.a. they said disney and netflix will be the leaders and streaming the content production. the director also said "there's no metric for what the avengers have done at the box office". there is such a massive opening they must be looking to bank avatar, $2.78 billion. take a look at disney under disney's and seven 100% and changes we invested in

dividends. >> thank you for that robert. >> that was an interesting hour. we will talk a little bit about this tomorrow. >> he said $2 trillion. did you feel it? no he didn't he said. >> that does it for us. "bulls & bears" up now. >> see you tomorrow. >> breaking news, a rare revenue missed on part of google's. company. nearly 7%, actually over 7% right now. this is after it closed at a record high for the first time in nine months. it's really upset that i had a miss. we are going to get more details on google coming up in the shower. >> i make no apologies. i am a union man. [cheering] >> i am with you and i will fly like the dev