mike bailey, capital partners, welcome to the show. great to have you here. microsoft expected this evening for an 8% gain in earnings. will the stock at a benefit from that? a benefit for mac? we'll will be singing this time around for sometime subsidies have greater earnings but the site doesn't do what you're >> the stock is likely to trade 52. we see the sentiment of the tech stocks including microsoft. investors may take a wait-and-see approach, the guidance of the. we do think that the

mike bailey is director of research and joins us tonight to talk about this. anks for joining us. >> the so-called fang stocks, facebook, amazon, google and alphabet now and maybe a couple others, facebook and microsoft, they've seen the lion in the marketains for the last several months. is that a good thing or a bad thing? >> i suppose that depends on your perspective. you've owned some of them or all of them and that certainly has helped a you tak a broader perspective. i think you're always going to ve a bell curve and you'll have winners and losers. five or six companies have been winners for a number of years now. you know, i think we can talk about possibleort of rising risk, if you will. you'ree seeing m sort of market value get concentrated in a few names and that's the fear side and the flipside is look at the fundamentals. the earnings are growing like crazy and they're really sort of backing up investor excitemenla with d and cents. as long as that continues we know these names will contiroe to nicely. >> clearly, it's not lost on anybody that thes

mike bailey, capital partners, welcome to the show. great to have you here.ted this evening for an 8% gain in earnings. will the stock at a benefit from that? a benefit for mac? we'll will be singing this time around for sometime subsidies have greater earnings but the site doesn't do what you're >> the stock is likely to trade 52. we see the sentiment of the tech stocks including microsoft. investors may take a wait-and-see approach, the guidance of the. we do think that the fundamentals are pretty reasonable and not will drive the stock over time, whether it this year into next year. >> microsoft versus amazon in the cloud now doing debate deal with wal-mart. i'm starting to think that maybe what is happening with the big tech titans as they are all battling against each other. we got there and went to vote, but maybe not. it is the biggest threats for this sector? do you see the sector retreating? >> good question. i don't know if i would describe it that way. i think cloud computing for example, that's a big i'm a big sandbox for amazon, microsoft, even g

ambassador kate bailey hutchinson and mike pompeo, they have no choice but to sit there and listen to the chief of staff wore his discomfort more visibly than the other two. the president brought up his other big criticism where nato is concerned of defense spending. he proposed their spending double their goals. he added this from his phone, quote quote, "what good of nato in germany is paying russia billion ls of dollars for gas and ene y energy? why are there only 5 out of 29 countries that have met their commitment"? former cia director says he has a very fundamental concern. >> the president of the united states has to protect our country from our adversaries, i worry that this president for whatever reason is not operating with the awareness of how much an adversary russia is to the stability of the united states. >> and as they say that gets your attention. former secretary of state john kerry issued a strong statement that reads in part. >> i have never seen a president say anything as strange or counter productive as president trump's harangue against nato and germany. he mak

john kelly, the body language of the president's chief of stay, kay bailey hutchison, our ambassador, mike pompeo, the secretary of state, nobody's eyes are looking across the table at nato. instead they are looking in other directions right now. eli, back to you on the ground in brussels. is there anybody in the president's inner circle -- doesn't look like it -- that can say, cut it out, or stop? >> it sure doesn't look like it. and the white house did no briefings today. they didn't make anybody else available. you just saw the exchange by trump and the leaders he had polar sides with earlier. there were no more extensive briefings or read outs on those conversations. not much coming out of the white house if it's not coming from president trump. you saw john kelly's body language. didn't look very good. you saw secretary pompeo after the day of meetings was over tweeting about the importance of nato. but those things -- those sort of tweets from staffers, from aides, from cabinet members ring awfully hollow to people out here, to europeans and nato member states when they've seen trump

ambassador to nato kay bailey hutchison and secretary of state mike pompeo, they had no choice but to sit there and listen. the chief of staff wore his discomfort more visibly than the other two. the president also brought up his other big criticism where nato is concerned, defense spending. he proposed nato members just double their spending goals from 2% to 4% of their gdp. he added this from his phone, quote, what good is nato if germany is paying russia billions of dollars for gas and energy? why are there only 5 out of 29 countries that met their commitment? the u.s. is paying for europe's protection then loses billions on trade. must pay 2% of gdp immediately, not 2025. this comes before his summit with vladimir putin. leon panetta says he has a very fundamental concern. >> the president of the united states has to protect our country from our adversaries. i worry that this president for whatever reason is not operating with the awareness of how much an adversary russia is to the stability of the united states. >> and as they say, that gets your attention. former secretary of st

mike: president trump attends nato summit in brussels amid tensions over trade and defense spending. nato ambassador kay bailey hutchison appearing on "fox news sunday" arguing that the president is already reshaping the alliance. >> nato really is making progress and they are doing it really at president trump's insistence, and i think that it's very clear, and he's been very direct about the europeans needing to do more for their own security. mike: for more on what to expect, we go to gillian turner in washington. reporter: president trump heads to brussels in just a couple of days, a meeting intended to bolster the transatlantic alliance and underscore the common defense interest of the 29 member countries. president trump will spend time with the leaders of america's closest european allies like france, britain and germany as well as canada and turkey. going into the meetings, the administration focusing messaging to the american people on cost sharing. >> and we go away on monday. we appoint, go away, i'll see lots of people and tell nato, you got to start paying your bills. >> every ally is now increasi

lawmakers hear testimony from fda commissioner scott bailey and nih director francis collins at 9 am eastern. in the afternoon, secretary of state mike pompeo testifies on north korea. resident trumps trip to the nato summit and the president had his meeting with vladimir pugh in. we have live coverage at three eastern on cspan3. >>> oil prices have risen this summer as trade tensions between china and the u.s. increased. next energy leaders discuss the

lawmakers hear testimony from fda commissioner scott bailey and nih director francis collins at 9 am eastern. in the afternoon, secretary of state mike pompeo testifies on north korea. resident trumps trip to the nato summit and the president had his meeting with vladimir pugh in. we have live coverage at three eastern on cspan3. >>> oil prices have risen this summer as trade tensions between china and the u.s. increased. next energy leaders discuss the potential impact, including oversupply worries and a threat to close a port. the natural resources committee is chaired by lisa makowski. >>> good morning, everyone, the committee will come to order and we are here this morning are a couple of reasons. hopefully we will proceed with the business meeting to report for nominees for the department of energy and recognizing we don't have a yet 12 members present, i will go with agenda item 2, a hearing to examine the factors affecting global oil prices.

wpinpointed on his chif of staff john kelly and secretary of state mike pompeo, because their body language is fascinating. >> also, kay baileyso looks more than a bit uncomfortable. >> here is the president of the united states. >> i think it's very sad when germany makes a massive oil and gas deal with russia where you're supposed to be guarding against russia, and germany goes out to pay billions and billions of dollars a year to russia. we're protecting germany, we're protecting france, we're protecting all of these countries, then numerous of the countries go out and make a pipeline deal with russia where they're paying billions of dollars into the coffers of russia. we're supposed to protect you against russia, but they're paying billions of dollars to russia, and i think that's very inappropriate. and the former chancellor of germany is the head of the pipeline company that's supplying the gas. ultimately germany will have almost 70% of their country controlled by russia with natural gas. you tell me, is that appropriate? i mean, i've been complaining about this from the time i got here. it never should have been allow

lawmakers hear testimony from fda commissioner scott bailey and nih director francis collins at 9 am eastern. in the afternoon, secretary of state mike pompeo testifies on north korea. resident trumps trip to the nato summit and the president had his meeting with vladimir pugh in. we have live coverage at three eastern on cspan3. >>> oil prices have risen this summer as trade tensions between china and the u.s. increased. next energy leaders discuss the potential impact, including oversupply worries and a threat to close a port. the natural resources committee is chaired by lisa makowski. >>> good morning, everyone, the committee will come to order and we are here this morning are a couple of reasons. hopefully we will proceed with the business meeting to report for nominees for the department of energy and recognizing we don't have a yet 12 members present, i will go with agenda item 2, a hearing to examine the factors affecting global oil prices. this year has been marked by greater volatility, showing up in the price at the pump. >> there are notably higher than a year ago. the question is, why? it remains this way and what can we