businessis nightly report with sue herera. >> t alphabet, sales and profits sore at google's parent company as it remains the dominant player in o the 10-year treasury note iscl osing in on 3%. investors are paying close attention. open house, they're filled with buyers ready to stretch those budgets to make a deal, and get in before rates and prices g. even higher those stories and more tonight on nightly business report for monday april 23rd. good evening, everyone, welcome, i'm sue herera, my partner bill griffith i off tonight. it's a busy week for earnings, we begin with a qowoutrter for google's parent company,

alphabet. the firm easily surpassed both earnings and revenue expectations. alphabet sawci better p on advertisements and made money from invesent and start-ups. alphabet earned $9.63 a share. revenue rose 25% toha more $31 billion. the stock was volatile in initial after hours trading. josh lipton has more. >> googleey is a line for investors that refers the company's bread and butter, the companies it owns and operatean like search d youtube. revenue came in at a better than expected $22 billion. that growth is key, especially as t company continues to face competition in many of these areas. on the flip side, operating margins for core google did come down to 27%, due to higher expenses, a year ago, 31%.

for nightly business report, i'm josh liplipton san francisco. >> one of alphabet's biggest generators is youtube. jul julia borstyn has details. >> reporter: ogle's utube is drawing privacy concerns. ads from 300 major companies, including amazon, netflix and nordstrom ran on youtube channels with offensive extremist content. when we find that ads mistakenly ran against content that doesn't comply with our policies, we remove those ads, we know that even when videos meet our advertiser friendly guidelines. not allideos will be appropriate for all brands. we're committed to working wh our advertisers and getting this right. it's not the first time youtube has struggled with this issue. > to the extent that youtube can utilize a.i. toer if et out

content is something in a utube is working on. you have billions of hours being uploaded to youtube, from all over the world. >> that's not all. earlier this month, over 20 privacy andoc ay groups filed complaints with the ftc. youtube illegally collects data about under aged viewers. to tnvestigate whethery violate the protection net. anyoan watch youtube videos without an account or logging in. the company has a separate kids app that doesn't collect data for ad targeting. u.s. legislators are looking at broad privacy regulations that would cover google and facebook. and europe is launching more stringent privacy regulations next month. >> the higher leveluestion i whether or not europe is going to keep after google and

facebook a intensively as it has, we know that google paid a massive fe last ar, 2.6 billion euros. >> google and youtube aren't as exposed to privacyks r as facebook is. the wall street journal just ported that google has more total user data than facebook. julia borstyn. >> more about alphabet's earn mgs, and what itns for the stock longer term.da el, welcome, nice to have you here. >> great to see you, sue. you. >> said you were looking for solid growth i seems from this report that you got it. >> i think the rort looks solid, sue, i think the company is executing nicel on their core search business, and seeing continued momentum on the youtube platform as well as the google cloud platform, wn we think about the medium to long term for this company, there's several growth engines

underneath that we think can help sustain attractive growth rates for some years tocome. >> such as? >> we can speak specifically to some of the growth rates, you look at the performance this quarter of approximately 20% growth. have you other assets like wamo for example and their autonomous drives braham. you put all these things together along with the investments the company is he making,'s a significant amount of potential for where they can go overtime. the cesultstainly are always going to have taste. but we think this quarter demonstrates they're continuing to execute and certainly have a long term focus to what they're we should point out google's first quarter ended march 31st, and that was a case before the cambridge alytica story broke. we're not going to see any impact reflected in this particular report. do they not have to -- doesn't

alphabet have to address longer term how they are going to use data collection and explain it a little bit more plainly to their investors? >> i think they do. alphabet mbent upon and the other platforms to engage with their users and explai tohem how their business model works and provide a level of transparency to the users so they understand how the data is being used. stepping back, though, if we thinkesbout buss globally, be it in technology or all the other industries, everyone is trying to gather data and try to figure out a user experience that is compelling and also enables them to make ney. and s we think, and obviously there are regulations that are coming into force in europe, and we would expect to see more things globally that all of these companies, and alphabet cluded are going to need to begin to agist and helpun peopl rstand what it is they're doing and what it is they're

giving away, if y like, in terms of their data. i suspect there are going tbe plenty of users who are comfortable with that there are going to be others that are less comfortable with that. >> daniel, thanks for joining us. technology stocks were overall a drag on the bro market, which saw the dow fall for the fourth straight day. thdow jones was off 14 points. the nasdaq was down 17 and the fraction.as up just a it wasn't just a tech sector the investors were watching, but also the yield on the 10-year treasury. what might that mean for stocks? >> will rising bond rates zoom the stockrk ets. it's causing a little bit of agita. they increase the cost to borrow money for consumers and businesses. for consumers it translates into

higher borwing costsor things like credit cards and mortgages. overall, it means less money to pend and it can mean less profit for corporations. will a 3%ld bond y really doom the stock market? is it that bad? it will lift the rate of return. both insist w earnings growing 20% this year, the expected return may be sufficiently high so there will not be any o shift out equitiesre the corporations a going to make enough money to more than compensate for higher rates. bear in mind t market has already been adjusting to the prospect of higher interest i9s. utilities and real estate stocks compete with treasuries. treasury yields have risen, utilities and rates have dropped. with real estate stocks down about 9%. utilities are down about 5%. and the banks which generally do better, have outperfo the s&p 500 by about 2 1/2 percentage points this year, and would have gone even better had loan growth not been fairly an

ic. dow component walmart is close to making a bigqu ition. the world's largest retailer wants to spend billions of dollars to buy a major eom commerceny in india. that could pit walmart against ameaon. courtneyn has the details. >> india is the second most populated country in the world, with a m retailket valued at nearly $700 billion. along with china, india is one oflm t's key growth markets. it hardly does any business ehere today, that could changingrgoon. the est retailer is cse to spending billions to buy a majority steak in flip cart. the 11-year-old h marketpla more than 100 million users and 100,000 sellers shipping more than 8 million packages month. customers of walmart hasn't been able to reach, because of strict regulations limiting retailers ility to run big stores in

india. the indian government requires big boxe retailers get 30% of goods they sell from local indian sources. it's an effort to protect the mom-and-pop merchants that me up the majority of the retail industry in the country. as a result, walmt's only business in india is through a wholly owned subsidiaries with 20 stores with best price mod n modern. ey sell only to small and medium businesses, not directly to consumers. e commerce marketplaces are not subject to the sameat regns in india.p since fliart operates as a marketplace, walmart's ownership woul allow it to sell to indian consumers. it's u.s. marketplace is a combination of its own goodsir d d party sellers, in india, amazon is only a third party rketplace. and a big one.

amazon prime launched two yea ago, and jeff besos said more prime members joined the than any other countr amazon already has a big business in the country, and could face regulatory hurdles. for nightly business report, courtney reagan. >> it's time to take a look at some of today's upgrades and downgrades, which includes a number of dowco onents. we start with merck, goldman/sachss raised itsg rat to buy from neutral, and named it to its conviction list o stocks. the analysts site the potential of strong sales for lung cancer treatment, the target is $73. caterpill caterpilr's rating was upgraded to buy for neutral at city. they site improvements in the chinese construction sector. th price target is 1$180.

exxon mobil saw its rating raised to market perform from underperform over at raymond james. exxon's dividend yield is the highest in decades. the firms s a decent chance that exxon will start buying back stock, the stock rose a t fracti 79.57. verizon's rating was raised. betterlyst there sites a revenue outlook. the stock was up 1 1/2% to 48.66. still ahead,alcoa's stock had its worst day in nine years.

the treasury department is giving american customers more time t comply with sanctions. the extension was bad news for alcoa. which saw its shares drop more than 13%. its worst perrmance since 2009. aluminum prices also fell on the temporary reprieve. jack deangelis has more. >> in the interest of national security, president trump has changed the rules for certain aspects of international trade. trumped imp a 10% tariff on aluminum, the goal, to level t playing field and make it easier to compete with international ones that receive subsidies, his target was china. next sanctions on russian aluminum. the company called resolve, because of its association to russian billionaire, ail egg

daraposka. who is alleged to be involvedn a range of illegal activities. aluminum prices have been o fluctuat all this news. treasury granted more time fors compan to wind down their business. >> i think it's the beginning of the end. i think the u.s.reasury realized they made a mrs. take, they were not intending to t impa market as they did. >> why do investors care so much about russian aluminum. the medal itself is important. things as big as automobiles down to the c of whipped cream in your fridge. the top three aluminum producing tions, china, russia and canada in that order. according to the aluminum association, the u.s. currently imports more than 1 1/2 k pounds of primary aluminum from russia. that amounts to about 12% of all demand in the united states.

to put that in perspective, that's enough aluminum to make more than 10,000 boeing 747s. russiannu alu comes through several major u.s. ports, new orleans, houston andmo bal are the top three. slowing business there may have an impact on local economies. companies that use the product will need to adjust expenses. the administration wants to take a tough stance on international trade, it is cle a balance must be struck. so as not to have policies that bafire at home. that's one reason analysts think that treasury announced itta wod longer to evaluate the situation with resolve. for nightly businessm report, jackie deangelis many. >> sanctions on north a korea also squeezing that country. that is why its leader ashears to be ifting his focus. eunice is in seoul tonight.

>> reporter: the mood here in seoul is hopeful, with a big summit between the two koreas coming up on friday. over the weekend we heard some encouraging comments out of north korea, when kim jong-un set an apology speech, and would close its nuclear site. north korea watchers leer say that an important point out of kihs policy spe was that the priority in pyongyang would shift from nuclear der an thes to economic development. to do that, he needs release from economic sanctions that were imposed by the united statesed nations to compel north korea to stop pursuing a nuclear program. those sanions have started to bite. even china, north korea's long time economic partner has becom tougher. falling 87% from last year in the first quarter. north korea experts see this as an opportunity for southorea

d the united states to make some progress on declearizing the korean peninsula. te house has indicated that it won't loosenor makes progress on dismantling its nuclear program first. eoul where here in people have seen it all before, they're waiting and watching. for night business report, i'm eunice eun in seoul. >>e sales los steam at hasbro, that's where we begin tonight's market focus. hasbro said ohe bankruptcy toys "r" us, one of its largest retail customers impacted its quarterly results. weaker sales across many of the toyakers brands -- itry affirmed its profit and is operating margin outlook for the year. a rise in tissue sales helped kimberly clark blow past estimates. e maker of kleenex raisedre

nue forecast for the full year. esl investments, the hedge fund run by eddie lb pert is interested in buying some of the struggling retailer'sbu nesses, esl sent a letter to sears, urging the company to consider selling several divisions, including its kenmore brand to boost liquidity. alaskakeir out a profit that topped wall street expectations while posng revenues that were in line with estimates. alaska says it pns to improve performance by introducing new passenger fees later this year shares sored 5% to 69.11. a tech hedge fund manager who made a big bet says his investment is paying off. the ceo of social capital said the company compare with its rivals is likely to profit the

most. he says the company's retention rates speak for themselves. >> when you think about how sticky something is, the most important thing to look at is is conceptalled churn, how fast are people leaving the service. specifically, you can look at companies leaving the service or e amount of dollars you're losing. in any of these metrs, it's phenomenal. it's probably the top in termst of ability to obtain customers and grow revenue. >> as a result, share dropped nearly 11% to $22.91. . it's no secret that the labor market is tight, the latest rept suggests a healthy job market in favor of job seekers. if you're looking employment kate rogers tells us you may want to start with the cia. zachary wyatt spent 25 years at ne agency, and helps it recruit new talent. the cia is now hiring for 100

specific career tracks. everything from cyber threat analysts to accountants to foreign language instructors and scientists. >> the cia's most proactive recruitment efforts are in its director of operations. >> they are charged with recruiting foreign sources around the howorld, have access to information our government can't get anyway about. >> salaries typically range from 55,000 to 88,000 a year for entry level new recruits get a lot of training. >> training provides us with the tools people need to do the job. it's not an effort for our organization to determine where the best fit is. we're only training those people we have determined have thesk ls to do it. >> most careers within the agency require a four-year degree. >> the agency is looking for talent across a wide array of

demographic and academic backgrounds, they also recruit across the country on college campuses. >> s the fact that odents are global thinkers and they speak some of the critical languages i very attractive to the employers who work in the intel community. working as an analyst for the cia is among the top career. just to keepntur c safe and keep everyone here and abroad safe. that's really what attracted me to that field. >> the application process is very competitive, rigorous and requires patience. >> there are thousan of applications for these positions p.m. student who is put themselves understand that they need to have all their ducks in apu row their best case forward. >> the cia seeks out candidates

who are mission oriented and want to serve. >> when you combine what we're looking for, that is interest in public service. not needing public recognition r your successes, not being able to share your successes with the peopleou most love and expect. that's a sacrifice and a lifestyle. t people have to realize t coming in. bidding wars are the rule and not the exception in this housing market. here's a look ato what watch for tomorrow. earnings for several dow kboen ends are on tap about we'll hear

from 3 m, cat ar pilla and coca-cola. the manufacturing sector will be focus, data will be released showing how strong conditions are in two areas of the cotry. sales of previously owned homes rose monday than expected last month. existing home sales increased 1.1%. buyers remained deterred by the limited number of e operties on rket. as interest rates rise, buyers are trying to get into a home, before the rates go even higher. the number of listings is no match for demand and homes are selling not in days but in ur diana olick reports on the hotter than hothousing market. >> families toured a fivedr m house listed three days

before at $600,000. already had two offers on it. >> the market is chasing the house houses. >> they kept the sunday open on just in case. >> competition is so fierce, that more buyers are jumping at deals and backing out. hurting the seller. >> it'sbl incre difficult to re-create the sense of that you have a chance to create the first time you go on the market. we advertised it we would not look at offers until monday. just to put that strategy in place. >> t urgency spiked even more this week as mortgage rates stuck in place for a month, suddenly moved higher. >> the glory days of being in the 3%s are well over, people are definitelyed more conce now of rates going higher toward 5% and beyond. i >> whierest rates are still historically low, home prices are rising vey, quic and bidding wars are the rule.

not the exception. that leave buyers with less wiggle room in their budget fore any changes toonthly payment. >> the family mrelocated f florida is getting sticker shock. >> being in the budget has been difficult. everything has been pretty pricy, whether it's the house itself or the taxes. >> the combination of higher rates and prices has more buyers stretching their limits with lower downpayments. an option that's only now opening up. >> you could put a low down payment on lower priced homes, once yrt getting into that 500, 600,000 price range, you could do 5 to 10%. >> the only cold water for this hoarket would be more homes for sale, but higher rates also mean fewer sellers will want to listnd lose the record low rate they already have.

before we go, here's a look at the day w onl street. dow, 14 pointshe to 24,448. the nasdaq was down 17 and the s&p 500 was up just a fraction. that will do it for nightly business report i'm sue herera, thanks for joining us, have a great evening, we'll see you tomorrow.

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