the leader of alphabet's secretive x lab.e picked up the nickname astro in childhood, with no idea he would someday be working on making so-called moonshots a reality. raised by parents he calls hyper intellectual hippies, one of his grandfathers won a nobel prize in economics. the other, some say should have one won in physics for his work on the hydrogen bomb. perhaps it is only fitting that astro teller is working on ideas that could change the world, or more likely fail miserably. but he says that is all part of the magic. joining me today on bloomberg studio 1.0, astro teller, head of alphabet's x lab. and captain of moonshots, which is your official title. astro: i function as the ceo, but i go by captain of moonshots. emily: you rolled in on wheels. this is your standard mode of transportation. how much time do you shave off. astro: i have worked that out. about eight minutes a day. emily: wow. [laughter] you are making the most of those eight minutes. we are a couple miles south of google's headquarters. this is where

the leader of alphabet's secretive x lab.e picked up the nickname astro in childhood with no idea he would someday be working on so-called moon shots a reality. raised by parents he calls hyper intellectual hippies, one of his grandfathers won a nobel prize in economics and some say should have one won in physics for his work on the hydrogen bomb. it is only fitting that astro teller is working on ideas that could change the world or more likely fail miserably. he says that is all part of the magic. joining me today on bloomberg studio 1.0 zero, astro teller, head of alphabet's x lab. captain of moon shots. your official title. >> i function as the ceo, but i go by captain of moon shots. youy: how much time do shave off. you are making the most of those minutes. south.a couple miles this is where the magic happens or sometimes doesn't. you have far more failure than success. what is the mission of x? >> it was created to be the part of alphabet that would make, hopefully, some new googles for alphabet. things like the self-dr

alphabet. that -- we have seen the likes of the .ndustrial names that we have seen the likes of the industrial names that are completely different come into terrible earnings. talk about crosscutting, pulling back, talking about cap and others. market punishes and then they come back up. not because of the immediate economic environment, but perhaps an environment that the market sees. but that is different from the tech bellwethers. caroline: what other sectors are we going to have to keep a close eye on, in terms of reflecting the consumer? it had reflected business investment and that has accept, but what about the consumer part of the business? gina: i think that you watch apple in the tech space for how that is going but i think the biggest risk is the consumer names. that is because the consensus is that the consumer is the stalwart. the result is that consensus has high old into these stocks in anticipation that they would satisfy expectations. any wiggle on consumer names is likely to b

alphabet, grubhub and beyond meat all lower on earnings, though alphabet is well off its lows it's down 1.25% and mirati therapeutics getting a big boost on drug trial results. the stock is now up nearly 30 content in after-hours trade >> it's a big week in the world of media and streaming, and here on "closing bell," we're launching a new series called beyond the bundle where we'll dive into the shifting landscape of the entertainment universe. julia boorstin has more. hi, julia. >> well, courtney, the streaming wars are certainly heating up this week with at&t giving details on its big streaming play, hbo max, at an investor presentation late tomorrow investors and consumers are hoping to learn the price of its service, which is expected to include the assets of hbo now, which cost $15 a month, plus additional library content and programming. then on friday, appletv plus launches for $5 a month or free to anyone who buys an apple device also on friday, netflix's "the irishman" is opening in limited release in theaters before it will start streaming on netflix on november 27th netflix,

i could see you going through the entire alphabet. came up with the correct response. you got to the letter "u," and you came up with "uranium." no, that's not part of the nato phonetic alphabet, and so it's going to cost you everything you had. you're going to finish in second place. emma, over to you now. $24,400. very nicely done going into final, and you came up with wilhelm rontgen's discovery of x-rays. yes. that's it. and that will add $1,201 only, taking you up to $25,601 and now a 3-day total of $97,002. way to go. good game, ladies. thank you so much. hope you enjoyed it. let's do it again tomorrow. extreme red flag warning. the urgent effort here in simi valley to protect the reagan presidential library.lames erup leading up to the reagan library. the urgent efforts on the ground and in the air to keep the flames back. thousands of homes in danger. families told to get out. seniors evacuated. horses on the side of the road. hurricane-force santa ana winds not seen in years. the first time ever, what's called an extreme red

years ago, alphabet 01’ have been heard.abet or google could do no wrong, they we re or google could do no wrong, they were the dialling of all street in terms of the stocks he wanted to have in your portfolio. but now there is so much more attention on there is so much more attention on the likes of google and facebook and their influence, whether they should be regulated or not, whether their wings should be lit in terms of the marketing spend, how much they dominate that as well, the advertising industry. there are a lot of regulatory issues on at the moment that they are under the spotlight on. that is something that could dent the share price going forward if these investigations do go forward to prove to be of the mattock. a lesson from the queen's english from the queen herself. angela kelly, her majesty's dresser, who has released a book talking about her relationship with the queen and how it works and what you do when you are her majesty's addresses. —— dresser. wearing her shoes, they are the same size. that's won

it literally is an alphabet soup. there's a pph, hmo and one i had never heard hdhp. what do people have to learn? >> the first thing you have to know is know when open emrollment starts, nr 1st for the federal marketplace. for many companies the beginning well.ember as know what they stand for. hmo is a health maintenance ti organi. know that's something that you'll pay less probably out of pocket but you have to stay in that networko that's more constricting. the ppo, which many employers offer and many people get in their employer will have a higher deductible, higherm premut more flexibility. you may not have to declare a primary care physician. a high dededtible health plan is increasing in possibility. if you can afford to pay that high ductible and if you want a heaah savings account attached to it. >> now that we know what all of those things stand for, what's the first step in open enrollment in approaching it? >> the first step in approaching it isunderstanding what health insurance needs are andhat heal insurance is. unfortunately, many people don't know th

perhaps fitbit hasn't had that. >> this is one to watch especially getting alphabet. virgin galactic holdings, spc ticker symbol the first ever commercial spaceflight company. it's one to watch as we now usher in this new era of quote, unquote, new space with the first really publicly traded name from this crop of billionaire-backed space companies. >> it's expensive. >> of course, in addition to alphabet, t-mobile before we really start seeing the onslaught of earnings midweek. so with all that, let's get to the judge back at hq. >> carl, thanks. i'm scott wapner, front and center this hour, a another record high for stocks is this the breakout investors have been waiting for? it's 12:00 noon and this is the halftime report. >> announcer: historic highs for the s&p 500. why this market may be going even higher, and what investors do from here. >>> alphabet after the bell, apple earnings and federate decision also on deck. the trader take their positions. >>> a downgrade for lululemon. is the stock getting stretched it's our call of the day. >>> and it's one of the mo

amazone: how afraid are because of what alphabet is doing, and how much time does alphabet have to makeve up or scale back? paul: alphabet is the number three player in the cloud business, that is the bad news. the big players are amazon and microsoft, well-established companies. the good news for alphabet and others is the cloud is a strong secular growth story for the next 10 years. there is expectations that there is room here for several players to generate strong returns in the cloud business. francine: what is your take on technology? russ: generally, we like technology. you can generate topline growth and the margins remain. this is an interesting question going back to the questions of policy, potentially the reason apple has done so well this year's if you think about what 2021happen in 2020 and when there is regulatory risk, apple seems more immune than facebook or google and that could account for the difference. total of these 940ploy juggernauts is thousand. can we say those jobs shifted from the beleaguered parts of the economy to that? russ: what is happening is you have

connell: we await for alphabet. that is the earnings report. scott martin, kingsview a asset management. no alphabet i see yet, scott. talk to us about the s&p and nasdaq almost there. what is driving things there? >> things feel good, connell. you guys talked about it in the lead-in. it is funny, we're at multiple record closes as far as as many we had. this one feel as little different. we've been through so much. i say that collectively in our relationship, in the s&p last three months. impeachment. china trade talks falling apart. reigniting. concerns about recession. we had concerns about earnings which have fallen by the wayside for now. to me the market has a little buoyancy to it right now. we're getting follow through from some big tech companies, that i think we'll see in google shortly, that are reasons to buy the s&p and nasdaq as we go into the fall quarter. connell: i was half listening to you. melissa: not there yet. >> more than usual. connell: pretty good actually. i thought you were talking about our relationship. i realized i

. ♪ ♪ >> one analyst calls it a buried treasure inside google parent alphabet.t helps you avoid traffic and speed traps. ceo noam bardin says it's also reducing traffic congestion by connecting commuters for carpools. can they really help save the world? noam bardin, thanks so much for joining us. >> thank you for having me. >> at barron's, you seem to have ways more than google maps which is much more widely adopted, i think's 67% of the market, you've got about 12%, but the pros seem to use you. why is that? >> we only do driving. that's the only experience. if you are a professional driver, commuter, etc., we give you a lot of value you wouldn't necessarily get from wider apps. the map apps have to do lots of different things, public transit, search, it, and we specialize in one thing. >> do you make fun of the google maps people? >> no. we work very well together. [laughter] >> so 130 million active users. how do you monetize that? >> via ads, we have location-based ads, and we specialize in being able to drive foot traffic into your store. our users are on

we own alphabet which has youtube, one of the fastest streaming viewership growth rates.ur portfolio is full of companies that are likely to be disrupted. >> let me can ask you about streaming, because that's the subject of our cover story in barron's this week. we wrote positive hi about comcast, which you like. we wrote cautiously about netflix, which you also like. and what we wrote is basically the company is burning cash, and they've done very well with subscribers, they'll continue to do well because it's a good deal for consumers, but with all these new services coming out, it's getting more competitive. what are we not seeing and getting wrong? >> when we look at netflix, we see a similarity to the cable industry 30 year ago where they were losing a lot of money, had a lot of debt on the balance sheet, negative book value. subscribers kept trading at a price of something like $1,000 or higher. when at&t bought time warner, we think the implied valuation of hbo was at least $1,000 a subscriber. if you look at netflix, it has a market cap of somewhere around 150 bil

0 percent interest rate has taken over to become the only letter in the alphabet of financial finance everything is now written in the key 0 percent interest rate or the letter of 0 percent interest rate and so nothing has any value anymore so if you say that you're going to give a negative interest rate to greece you could say that you could equally say that every olive in greece we're going to claim according to goldman sachs or whoever is worth the same as a. brick of gold you could make that statement and you could blend against it there's no one to stop you from making that obviously fraudulent statement there's no one stopping anyone from bankers making the obvious lead fraudulent statement that. you can have a negative rate increase because there is no variety in any of the characters that make up global finance any more everything is that 00 is is predominating every single conversation that comes out of the mouth of every financial writer in the press and on television is 0 every security is now based on 0 and the entire mix of this phantasmagoria of global finance is is all

and let's say they alphabet starts to transmogrify before your very eyes and instead of having a bunch of different letters and bowels let's say the letter a starts multiplying and pretty soon most of the letters are the same letter the letter a and then every single letter in the south that is the letter then everything written in that alphabet would be completely unintelligible now imagine the economics you have interest rates that are different for short term medium term long term you have very securities that are structured in a way that make reference to those interest rates and you have investors who are looking for a risk reward based on the risk list rate of return which is a short term treasury market and the whole thing is built on having all different kinds of varieties of maturities and all different kinds of securities and the ability to try to sort your way through that to create the language of finance well now we have a situation where one letter in that our financial alphabet 0 percent interest rate has taken over to become the only letter in the alphabet of financial

when you, when you learn the alphabet.ledged to you right before we were talking that the essay of that name, of that title is finish part of that essay starts with a letter of the alphabet, and it didn't occur to me that's what you were doing until the very end. but talk about that process, how you started doing that and how that came about. >> yeah. i wanted it to be subtle. people didn't get it. [laughter] yeah. i wanted to be subtle like that, but that came about -- that was the, like, the most intentional thing i've ever written. like, my whole entire writing life, that was the most intentional thing. i remember leaving out of a poetry workshop, and i just, like, sat down on the ground and, like, waited for my next class, and i was, like, thinking of a game me and my dad used to play when he'd drive me from dallas to houston, you'd point out things that start with an a, things that start with a b, i was thinking of that passing time. how can i, like, tell a story through this. and at first i didn't want any of the pie

kendra is the author of "when you learn the alphabet". she was born and raised in dallas texas and currently an msa candidate at the university of alabama. her work, which has been described as raw and witty, has been published in december magazine, the rumpus and revenue magazine where i read she says she wants her heart to tell the truth. can you talk a little bit about the book before you read and then read? >> how y'all doing today? it's basically an essay collection that discusses race and gender but also like family ties within intersections. and things like that. i'm going to read from this book but as previously mentioned, and from dallas and if you know anybody from texas, they love to tell you how much they are from texas. so it's like new yorkers, chicago and then like texas. so before i even get done you'll probably hear him from dallas like 37 more times. because i'm from dallas you probably heard about à [laughter] you probably heard about this botham jean case with amber guyger and i just wouldn't be from dallas invited tal

the stoxx 600 currently down about.4% kicking off last night with alphabet's earnings. we have bp and orange. investors pausing for a breath after the move supported in large part by the trade optimism as well as earnings coming through in the u.s. as we await the fed decision and whether we get a hawkish cut from over in the u.s. let's look at the different sectors. red across the board no sector trading in the green at the top of the board, more defensive sectors. food and bev flat lined. health care, travel and lease your round out basic resources around 0.9%. oil and gas round out the worst performers no sector trading over 1% higher or lower brexit uncertainty as we await the next step as boris johnson vows to yet again get support for his call to the december election >> looking at the individual stocks, let's see what the losers and movers are this morning. one stock i would pay attention to, royal mail comes as jp morgan cut their recommendation. despite a record close for the s&p 500 yesterday. >> boris johnson is set to make another attempt to hold an election

nejra: for alphabet as well, consumer devices is the other way alphabet is looking for new sources ofevenue growth. >> it is a way of securing more revenue growth but ensuring that people state with the services. if you think about the pixel phone, some of the price points are not as high as the iphone. pixel has a way of delivering more user data, which improves their advertisements, gives them a better sense of your browsing habits, interests. google is looking to acquire fitbit, the maker fitness trackers. that is a place where google does not have an offering. they have all these things, but they don't have a watch. there is a sense that maybe that is where may be a lot more of the interaction comes going forward. apple has seen real growth from the apple watch. google strengthening its hand right there would seem like a good place. nejra: i think to some people that tell me that software is an area where they want to reduce exposure because the valuations are so high right now relative to other parts of the tech universe. is software one area that you like, particularly with all

the alphabet has been updated. and a new position in i.s.i.s. catch up on today's headlines. ♪ let's start with tik tok. it's the short video app for people who were bored before the end of the sentence. but now, congress is worried although the videos might be short, the consequences could last for a long time. >> the app taking teenagers by storm, tik tok, now facing a storm of a different kind, accused of posing a possible security risk with more than 500 million active accounts around the world, now all eyes are on the people behind the app. two top senators targeting the chinese tech company that owns tik tok. in a letter to the director of national intelligence, asking for an investigation into tik tok and other chinese-based companies warning they may pose a national security risk. >> this is a threat to american security. when china has data on 110 million americans, who knows what they do with it. >> trevor: that's right. chuck schumer wants to launch an investigation into tik tok. but i feel like he's just doing this so he can have som

alphabet's cfo refused to address what referred to as rumors.t at the are two -- to scoth the stories. fitbit shares had fallen. fitbit would've given google a shot in the arm. wearable devices of the categories all but ignored. in any an event there is no confirmation of the story about any deal regarding fitbit. rishaad: beyond meat. big profit boost i suppose for sales forecast. shares on the way down. su: yeah, absolutely. there is concern that shares could fall off a cliff on tuesday. you saw them drop rather dramatically in the after-hours session, even though is you can see beyond meat sales rose 250%. it outpaced all analyst estimates. sales forecast exceeded the expectations but the concern is that the early supporters of the ipo would in fact be allowed to sell as early as the tuesday session. we're seeing investors brace for a bit of a sell off. notably there is a bit of a deja vu because back in july you might remember beyond meats shares of dropped again after they reported impressive earnings but announced they were going to have a

earnings responses have not really bled over to others i'm seeing facebook bid slightly higher on alphabet's miss today. if that pattern stays intact, it's probably decent for the market. >> we are out of time. thanks for watching that does for it "closing bell. >>> live from the nasdaq market site overlooking new york city's times square, this is "fast money. i'm melissa lee. the s&p 500 closing at a fresh all-time high, boofsted by the promise of china trade progress and strong earnings. shares are down by more than 1%. we've got full team coverage gene munster is in minneapolis to give us his take on the quarter but we kick things off with josh lipton live in san francisco with details on the results. >> i just spoke to aaron kessler from raymond james to get his quick take on the street google properties revenue, thaep that's the properties the company owns and operates, 19% to $28.7 billion that was above what kessler was looking for. operating expenses were higherx. ruth porat said there were some unusual items and pointed out $545 million expense related to a legal settlement in franc

. >>> coming up, alphabet prepares to release third quarter results.en we return. ♪ when you look at the world, what do you see? ♪ where others see chaos, we see patterns. ♪ connections. relationships. ♪ when you use location technology, you can see where things happen, before they happen. ♪ with esri location technology, you can see what others can't. ♪ doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. cancer treatment centers of america. want your skin to glow? like "woah". try new b3 powered serum sticks and new overnight gel masks with b3. cleanse with 5 in 1 daily facials. get glowing, with olay ♪ >>> welcome back, everybody. south africa is into the final of the rugby world cup after edging out wales the southern hem

alphabet is reportedly eyeing fit bit.de an offer to acquire the fitness tracking company. shares of fit bit soared on that news yesterday. lauren: take a look at this. shares of beyond meat are plunging right now in the premarket. the company reported its first profit since it went public five months ago. stock down 9% now. beyond meat earned six cents a share. revenue came in nearly $92 million. that topped expectations. but the stock is under pressure following the expiration of the share lockup period. that allows the company's executives and private investors to l sell shares they bought before the ipo at $25 back in may. cheryl: we'll have more on that later on. keep an eye on shares of boeing today. the ceo going to be in the hot seat on capitol hill. he faces twos days of hearings following two deadly crashes of the 737 max. he is expected to say that his company made mistakes and, quote, got some things wrong. we should add that today marks the one year anniversary of the crash in indonesia, the second crash happe

google's parent company alphabet said its quarterly profits fell 23 percent to $7000000000.00 mistake market expectations alphabets as profits were hampered by rising research and development costs the company is trying to maintain growth while investing in a variety of new gadgets and services revenue growth from advertising is also down . its leaders says the city is ad risk of falling into recession as it enters its 5th month of pro-democracy protests tourists numbers have plummeted to carry land said and that retail businesses hurt as they have been forced to shutter their doors during protests and rallies. after 5 months of pro-democracy protests some people in hong kong are tired of the demonstrations and blocked roads the city state's divided community is on edge many were looking to carry lamb speech and choose day to see whether she would yield to the protesters demands she issued a warning that things you don't often see need all that there is a large likelihood that for the year 2019 we will see a full year recession that means we will reach 0 to one percent growth so this

it's monday, october 28th. >>> a new alphabet song. a new desk to show the world here. >> so shiny, so we scuff it all up. >> shiny, new, it's got the bling-bling on it. it's so bright right now. >> it's so bright. >> it is so bright, it's got those beautiful monitors down there. i can't wait to wreck this thing. >> thanks for having me back to help you. >> oh, you don't get a slow clap anymore, you're here. >> i'm just here. >> she's just now here. filling in for janai norman, it's great to have you and welcome back. >>> we begin with the wildfires devastating many parts of california. >> dozens of fires are burning. from one end of the state to the other. three-fourths of the state's counties are under red flag watches. the power companies plan more outages to help prevent new fires. >> governor gavin newsom met with some of the nearly 200,000 residents who have been evacuated. he said the state is mobilizing resources for them. >> the kincaid fire north of san francisco is the biggest with containment dropping yesterday. it's burned

the alphabet has been updated. and a new position in i.s.i.s. has just opened up. ( laughter ) so let's catch up on today's headlines. ♪ let's start with tik tok. it's the short video app for people who were bored before the end of the sentence. but now, congress is worried although the videos might be short, the consequences could last for a long time. >> the app taking teenagers by storm, tik tok, now facing a storm of a different kind, accused of posing a possible security risk with more than 500 million active accounts around the world, now all eyes are on the people behind the app. two top senators targeting the chinese tech company that owns

they're entering growth in a reasonable price territory but apple and alphabet to me, alphabet definitely say value stock. i don't care what anybody says i know it's in the growth indices. >> some people spell faang with two as i'm not out in left field. but my larger point, i understand why the acronym exists, but i don't th we not t does this have any relation to the faang trade at all >> no. >> i think it's far more individual >> and netflix has been the standout for a long time when we talk names this is the name that's been failing long before the rest have failed. this is one of those names that's pulled back for a while especially if you go with what jon was talking about, it's well off its highs. >> alphabet and facebook, this is a content model and to extend to apple, apple is a product model. >> let's do this before we move on to the banks because mayo just pulled up to the table and i don't want to leave him hanging out too long >> uh-oh >> it will be okay ibm, jennie owns ibm, pete owns ibm. jim got out of of ibm, look at him. >> happiest guy at the table >> did you even hear

today is alphabet day. we will see about google.f metrics that we'll be looking at there. let's see how they start us off, you know, apple later in the week. we'll have it at the top. liz: okay. you know what we will have at the top? a record for the s&p, and we could, we are really close to a record for the nasdaq. the number to watch, 8330. we are at 8326. very close. >>> all right. "the claman countdown" will be right back. ♪ imagine a world where nothing gets in the way of doing great work. where an american icon uses the latest hr tools to stay true to the family recipe. where a music studio spends less time on hr and payroll, and more time crafting that perfect sound. where the nation's biggest party store can staff up quickly as soon as it's time for fun. this is the world of adp. hr, talent, time, benefits and payroll. designed for people. whether you're or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically conn

david: what is taking the nasdaq down, alphabet? abigail: mainly alphabet is one of the big losers, but you also have apple down. a lot of the big names, microsoft, amazon. it seems as though some today are throwing the baby out with the bathwater, however you say that. there is not a lot of discerning among the big tech names. a little bit of a pause there. putting an all-time highs, but the nasdaq 100 not today. david: thanks so much to abigail doolittle. always good to get a market check from her. we turn to mark crumpton for "first word" is. mark: president trump and china's xi jinping will reportedly sign an interim trade deal next month. the two leaders will be in china -- chile, to excuse me -- to attend the asia-pacific economic cooperation conference. lieutenant colonel alexander fridman testifies today before the three house committees leading an impeachment inquiry into president trump. vindman was on the july telephone call with the president of ukraine. in a prepared statement, he said he was concerned by the call and w

todd, google alphabet is unusual among the faang stocks because it's at a high what does that tell you right i use that add to my portfolio i hold the stock we've just been bumping up against this $1300 region and the rest of the fangs have not i believe pit your attention to google we have been seeing google out perform the nasdaq stock they are climbing a $56 move overnight. i like the stock higher. i'm taking it long in the earnings >> mark, the company does not really seem to massage the quarterly earnings report. there's been some pretty big reactions. positive and negative to numbers in past quarters what are you expecting today and how do you do the overall venals >> i expect good results we like the company. it's been one of the best performers over the last three to six months. i don't see it losing any of this momentum. it's the fastest growing company in the world the number one player in digital advertising and companies continue to move away from traditional advertising towards digital. the cloud business is growing at 33% year over year google maps has over a billion year

alphabet earnings. the report was impacted by heavy investment in google's cloud computing business. google has been building data centers and hiring sales people that runsoud unit services over the internet. , our correspondent from bloomberg intelligence. cloud is all the rage, potential for future growth. what did you make of it? >> like you said, they are spending. they are showing results. what we are seeing for the next centerhey will take the focus and you will get success here and they have the capacity to compete. you will see this being a bigger deal for google but at a cost. what is your take on keeping up in the cloud business ? continued take investment as we just said, but there is a huge potential for payoff. taylor: i want to talk about the statement -- it looks like topline revenue in the bottom this avenues -- is revenue problem or an expense problem? >> it's not her revenue problem. a revenue problem. we see search becoming more and more valuable on mobile. this is offsetting the 18%.

apple, alphabet, facebook a few of the big names reporting throughout the week.. we are looking for the fed later in the week expected to announce a rate cut. that comes our way on wednesday, if it comes our way. focus, though, remains on what jay powell and company say about the future of rate cutting in the country and investors of course also have their eyes on the friday jobs report. that's the kind of week we have. amid fears of an economic slowdown, but so far, in many ways, we just aren't seeing it. everyday millionaires author chris hogan joins us, national review contributing editor dorian murdoch as well and from the independent womens forum, the president and ceo of independent womens voice, i should say, heather higgins. welcome, all three. so you know, we talked a little bit last hour, but we will talk more about the market just from the big picture point of view, especially if you are president trump and under fire from all kinds of different things, all kinds of different angles. you can go out and say look at that market, all-time high, everyone's

heck, you could even argue this is a win for ibm and alphabet, but it needs it after the number tonight because it means amazon can't mon on liz the government's cloud-related spending for defense to the announcement there was a sense that amazon had a major advantage because they have the big cia contract and then aws would have been the cloud infrastructure for the next ten years but the smaller players have more of a chance to win business the bottom line, microsoft won this $10 billion jedi contract because they put if the work to make their cloud platform nearly as good as amazon's and i'm sure some would say it is better. while the stock had a big run, i think microsoft is attractive. as for amazon, losing business is no skin off their back and they are spend so heavily and i'm okay with that, it might give you need to buy the stock in the week down the road because of the wall street inherit short sightedness. to jerry in connecticut. >> caller: booyah, jimbo. >> what is up. >> caller: first i want to thank you for what you do for the little guy it does not go unnoticed. >> love

that is something that is into'nary mark going alphabet results -- goings into alphabet's results andr and the pmi number at the latter part of the week. facebook ands of libra, how do you see the timing of this? is it wiser to set the idea aside and focus on regaining trust? >> clearly. if you want to be involved in the cryptocurrency market, you might have done better to work with a partner who has had strong regulatory relationships worldwide like j.p. morgan. they made an announcement in coinary this year, the gpm which is seeing adoption from a wide range of banks and financial institutions. paul: in terms of the tech sector, how much do you feel the companies that have complex supply chains? david: announcer: we only started hearing the noise about the trade war in the last 12 or 15 months. you cannot realign global supply chains in that short a time. there is an impact relative to cost. i would argue that is how things have played out. bruntrands have felt the of that including chinese consumers pushing back. there is a cost hit and revenue hit. shery: we see corporate cash flo

works for you. >>> welcome back alphabet reports after the bell.as head of that jim owns it and shannon and weiss owns it. shannon you're first. >> we talked about the microsoft win on jeddi and with twitter miss last week i think it interesting to see ad revenue but i think this is a goodrepor >> weiss. >> i feel the same way i hope they picked up share from twitter and other place but i hope the spend isn't outsides so the stock trades up than down despite revenue growth. >> and we showed you fitbit that google is taking a look at fitbit and that stock is -- it is up 24%. want to make sure you knew why we show you that. >> i think it is about the buyback. we've discussed that on the show the last three months, the increase of the buyback finally adhering to the capital allocation strategies, i think it is working so investors clamor for it. >> if they buy fitbit would mean more health care which is a positive air of growth. >> let's hit at&t. mixed results. they come out with a three-year plan and a lot of which elliott was clomorring for it gets

what about alphabet? 1700 >> doesn't seem out of reach not one i've owned >> 500 bucks >> not one that i've owned for a long time. >> there's a paradigm shift. they're finally doing what many have called for them to do which is the apple model of going back and aggressively buying back their stock. it's something that over the last couple of years, alphabet has been deficient in that strategy relative to an apple, but now they're getting aggressive with it and if that works, they'll gain momentum both technically and fundamentally. >> it has. >> really has. 20% year to date actually on the screen now to my point. >> what about amazon price target you know bufferin add litt bumped a little bit. 30 bucks at bmo. just to finish the fang trade. >> i still like it i trimmed it but i still thind on fire and so i'm holding it as a long-term secular story. but it's a small position for me relative to where it has been. >> doc, amazon >> i've not been there enough so i kick myself for that all the time scott, but