just a couple years ago and if you look at the major tech players amazon microsoft apple they're all skipping c.d.'s nowadays they prefer to launch their latest products on their own events now the biggest keynotes were held by delta airlines for instance played dime or bands the german automakers and the food industry is on board as well with impossible food was working on artificial bacon so that just gives you a little bit of an idea how this is changing into an innovation sphere rather than the consumer electronics show it used to be earlier times a changing thank you all over salad at c.s. morris in las vegas. if 1000 new jobs and a regional image boost tesla gigafactory near berlin is considered a big win for all concerned and the u.s. electric car maker might be starting a trend among the locals german car makers are poised to faustina brandenburg next to berlin other major car makers have also expressed interest in the region. the brandenburg economy minister believes the area could soon become a cluster for the electric vehicle sector attracting suppliers as well as skilled

that reason just a couple years ago and if you want to look at the major tech companies like amazon microsoft apple they're all opting out of c.s. for launching their latest products they rather prefer to launch their products on their own shoulders and if you look at the major key nodes that were held this year they were held by companies like delta airlines by german automaker dima benz as well as by a food company impossible foods which is working on artificial bacon so that all gives you an idea into which direction this event is moving it's still a very important one but it's rather a developing into an innovation fair. for us of cars airlines fake bacon you've had a look around at the exhibition halls what else stands out to you all i think 1st of all what stands out is the sheer size of this event with one $175000.00 visitors it came just last year alone well what i found particularly interesting is autonomous driving and the massive pressure of the car industry finds itself in the way the car industry response to that so you see electric engines you see autonomous driving i was able to witn

that reason just a couple years ago and if you want to look at the major tech companies like amazon microsoft apple they're all opting out of c.s. for launching their latest products they rather prefer to launch their products on their own shows and if you look at the major keynotes that were held this year they were held by companies like delta airlines by german automaker dima benz as well as by a food company impossible foods which is working on artificial bacon so that all gives you an idea into which direction this event is moving it's still a very important one but it's rather developing into an innovation fair. or ice of cars airlines fake bacon you've had a look around at the exhibition halls what else stands out to you all i think 1st of all what stands out is the sheer size of this event with one $175000.00 visitors it came just last year alone well what i found particularly interesting is autonomous driving and the massive pressure of the car industry finds itself in the way the car industry response to that so you see electric engines you see autonomous driving i was able to witness a b

that reason just a couple years ago and if you want to look at the major tech companies like amazon microsoft apple they're all opting out of c.s. for launching their latest products they rather you know prefer to launch your products on their own shows and if you look at the major key nodes that were held this year they were held by companies like delta airlines by german automaker dima benz as well as by a food company impossible foods which is working on artificial bacon so that all gives you an idea into which direction this event is moving it's still a very important one but it's rather a developing into an innovation fair. rights of cars airlines fake bacon you've had a look around at the exhibition halls what else stands out to you all i think 1st of all what stands out is the sheer size of this event with 100 $75000.00 visitors it came just last year alone well what i found particularly interesting is autonomous driving and the massive pressure of the car industry finds itself in the way the car industry response to that so you see electric engines you see autonomous driving i was able to w

that reason just a couple years ago and if you want to look at the major tech companies like amazon microsoft apple they're all opting out of c.s. for launching their latest products they rather prefer to launch their products on their own shows and if you look at the major key nodes that were held this year they were held by companies like delta airlines by german automaker dima benz as well as by a food company impossible foods which is working on artificial bacon so that all gives you an idea into which direction this event is moving it's still a very important one but it's rather a developing into an innovation fair. or it's a cars airlines fake bacon you've had a look around at the exhibition halls what else stands out to you all i think 1st of all what stands out is the sheer size of this event with one $175000.00 visitors it came just last year alone well what i found particularly interesting is autonomous driving and the massive pressure of the car industry finds itself in the way the car industry response to that so you see electric engines you see autonomous driving i was able to witness

amazon, microsoft, facebook, apple, and google, those companies accounted for 29% of returns.utn from blackstone puts an annual list of surprises every year. this year, one of those was that the fangs will likely lose their leadership luster. 2020,st early on in especially today, we continue to see large cap tech outperforming. taylor: as we get away from some of the bigger tech names, we go into the smaller companies. salesforce, a topic by rbc, closing at a record high. as aoes rbc see salesforce top opportunity? sarah: it seems like the stars are aligning. and i mean analyst recommendations. what they did was they pointed to their revenue forecast for salesforce throughout 2020, through 2024. it is not just rbc. had also seen suntrust as well, one of the compelling names within the software space. rbc, theyo back to did set a new price target. a 25% upside. $173 per share. in 2019, just last year, salesforce was the laggard. yes, the stock ended up, but when you compare that to the s&p 500 technology index or the software into see groups -- software industry groups, it is l

trillion dollars from stock traded at a rate of 1.45 dollars a share yesterday it joins amazon apple and microsoft in the trillion dollar club. a microsoft chief executive such as i della promises to remove all the carbon his company has admitted since its founding in 1975 for the environment it aims to achieve the goal by 2050 by becoming carbon negative in the next decade. well hunger and malnutrition as some of the greatest challenges facing the people of this planet the population continues to surge climate change is impacting agriculture crop failures low yields declining incomes for farmers and their families at the global forum for food and agriculture in berlin over 2000 experts from politics industry science and civil society trying to tackle those problems the united nations says 800000000 people don't have enough to eat that's roughly one in every $900.00 most prevalent in developing economies in asia and africa and the world bank says $65.00 countries including egypt saudi arabia south sudan north korea and singapore do not have enough arable land to produce the food they need which is

company's stock traded at a record high at the new york stock exchange on thursday adjoins amazon apple and microsoft in the so-called trillion dollar club china's birth rate dropped last year to its lowest since the communist country was founded in 1949 trying to relax its one child policy and 2016 but the change is not resulted in more pregnancies there are concerns that an aging society and shrinking workforce will pile pressure on a slowing economy. they berlin international green week gets underway today it's one of the world's biggest agricultural trade fairs and has been held here in the german capital for nearly a century this year's partner country is creation known for things like wine and citrus fruits and a special kind of cheese that's made only on a remote island take a look. around the hundreds of pack island sheep belong to the saloon a family but foaming isn't that the nice old sitting come. like many other families this meanies all say walk in towards them in the summer. that's because printing sheet is labor intensive often arduous work. you might. be commander of money doing this

growth is, the narrative today is how do we build a company that we could sell to google, apple, amazon, microsoftble to scale, i think it's a very different way of thinking and to scott's point like i said, as investor you are waiting for a pullback to get back into the names. charles: real quick before i let you go, how do you feel about earning season, scott? >> i like it so far, usually, charles, as we have seen in the last year, year and a half, if financials can lead us off well as they have this quarter so far, good things for the rest of the way. charles: as scott mentioned before the break, u.s. steel, first billion dollar company led by charles scwhab, thank you, next time i'm wearing my best, buddy. >> you better. charles: should rich people pay more, not rich people pay more for speeding but poor people not pay as much if they break the laws? and elon musk, tesla ceo's response is going to blow you away, we've got it for you next. charles: we all know that elon musk knows how to crack a window but can he track secret to twitter, former jack dorsey apparently thinks so, enlisted tesla c

earnings later in the week but also all of the big tech giants from the united states so apple amazon facebook microsoft they will all be reporting earnings this week as well so that's going to be driving market mood and there's also a course on friday the very long awaited day of the u.k. will be leaving the european union what this really means for investors it's not clear yet because it doesn't really change much as they go through this transition period but definitely going to be. a focus for investors so the emotional day there just a delay in reporting from foods thank you so much. u.s. electric car maker tesla has applied for german state aid to help fund battery self reduction and research as according to german media reports the e.u. recently made 3200000000 euros in subsidies available for electric battery production in germany and 6 other member states tesla recently announced plans to build a major battery factory at a site in green hided that's me. however neither tesla nor the german government top so far commented on the reports. boeing 777 x. completed its maiden flight this weekend pass

amazon. apple and microsoft are still valued at more than a trillion dollars while amazon has fallen below thatngly passed the president's signature trade deal with mexico and canada. the massive overhaul cleared the senate on an 89-10 vote. it's dubbed the usmca passed the house last month. the white house says the new trade agreement will lead to significant economic and job growth in the u.s..est' desk for his signature. >> gap has nicked plans to spin off it's brand. it determined the move would be too costly and complex. they pinpointed old navy's struggles. gap announced they plan to split into two publicly traded companies one for its low cost old navy brand and the other for gap, banana republic and lesser known brands. >>> and there's now a perfect u eat for you to snack on while flavor netflix and chill. twasz inspired by the phrase netflix and chill. the flavor features peanut butter ice cream with sweet and salty pretzel swirls and fudge brownie. no word when it hits the store shelves. >> sounds delicious. thank you. >>> still ahead, gold medal dreams. we'll meet a young skateboardi

you look at 2019, facebook, amazon, apple, microsoft and google, those companies accounted for 29% of returns. some are looking for any reason that we might see a shift. byron from blackstone puts out an annual list of surprises every year. this year, one of those was that the fangs will likely lose their leadership luster. likely because of the political scrutiny they will face ahead of the election. at least early on in 2020, especially today, we continue to see large cap tech outperforming. taylor: as we get away from some of the bigger tech names, we go into the smaller companies. salesforce, a topic by rbc, closing at a record high. why does rbc see salesforce as a top opportunity? sarah: it seems like the stars are aligning. and i mean analyst recommendations. today we get a recommendation, what they did was they pointed to their revenue forecast for salesforce throughout 2020, through 2024. they also see room for margin expansion. it is not just rbc. we had also seen suntrust as well, one of the compelling names within the software space. when you go back to rbc, they did set a

microsoft, cisco. no headlines on that stock. amazon apple, microsoft a part of that. google becoming a part of it today. there is speculation to will be in the 2 trillion-dollar club, right? what will be next. heavy betting, amazon leads the way. back to you guys. melissa: thank you. connell: new chapter in u.s. china trade. that freshly inked phase one deal, officially kicks in on february 14th. holiday, february 14th of some kind? melissa: i can't remember. connell: edward lawrence at the white house with more on all of this. edward? reporter: nothing says romance like a trade deal, right? trade deal goes into effect on valentine's day. the same day $120 billion in tariffs goes down to 7 1/2%. also the 25% tariffs on 250 billion chinese imports stays in place. all of this according to the administration is incentive. those tariffs, incentive for phase two. >> the president gave up very little. mostly just some promised future tariffs, in return for significant concessions from the chinese. we still have tariffs on hundreds of billions of dollars of chinese goods, ar

the busiest week of earnings of the season that includes some of the biggest tech names, apple, microsoft, amazon, all gearing up they're the largest holdings in the nasdaq 100 etf carter said there's trouble in the charts for some of the high flying names he is at the plasma to break it down what are you seeing? >> sometimes something so good that perhaps there is trouble. no trouble in the charts but that maybe is the trouble. they're priced for perfection. we'll look at the top five stocks as perfection four of the top five report next week let's move forward and look at some lines top five stocks, what are they they are 18% now of the s&p. more than the bottom 300 if you look at a chart of their weighting, and this is what this is, the peak -- the top five ever reached was in 1999 at about 20%. while we're not 20% now, we're 18.5, crowded is the word that comes to mind. so let's look at the qs. here is a channel of the qqq the etf that you can trade that is dominated by those top five names and it's been in a virtual perfect 45 degree angle. we're at the top of that channel. my thinking here

alphabet joining apple, amazon and microsoft in the $1 trillion universe. although amazon is below that level. alphabet stock has surged since the company said last month that the co-founder larry page and sergei penn were stepping down from day-to-day operations. >>> and comcast is unveiling details for the streaming service called peacock. the parent company of nbc universal. it will debut on july 15th. peacock free has ads but more than 7,000 hours of content including current and classic nbc shows. universal movies and also content such as snl vault and family movie night. peacock premium for $4.99 has limited ads and the second has no ads for $9.99 a month. both include sports and you'll be able to watch the "tonight" show and late night before they air on nbc. back to you. >> another option for folks. >> thanks, rahel. >>> 4:39. and breaking news for you this morning. as parts of highway 17 in campbell shut down. this is after a wrong-way crash. >> checking in with kris sanchez live on the scene out there. this looked horrific. >> reporter: this is a

google,, apple, amazon, microsoft.ction of those companies have grown top line, over 300%, and net income close to 300%. when you look at the overall growth in that income over the decade, those companies have accounted for 25% of the full growth. you talked to a lot of high net worth individuals. international exposure in a lot of cases. do people feel stressed out, even though this is an impressive bull market, that they are still underexposed or underinvested in these banks or u.s. stocks in general. is this a situation where even though it is a bull market, that -- david: there is prudence on one side and on the other side, agreed. last year, if you are in the value fund, if you look back to that, if you were in a u.s. value fund last year, you still did pretty darn good. maybe you made 20, 22, 23%. s&p 500, you likely made close to 30%. there is this pressure of prudence. create structural difficulties for fund managers who have to post quarterly results. are there opportunities for those who are like, 25% is grea

. >> but if they decide microsoft, amazon apple are too expensive. >> you had an interesting conversation on one of the seven shows you hosted. >> the sixth best. >> right. >> the inflows into blackrock correct. >> $75 billion last quarter. buying passive meaning more money goes to the big names and they keep getting bigger and is that because business is better or simply because they are big and get more money you know the answer. passive investigative is great when everything is going higher. my concern and i have said for a kwhiel when passive becomes active it ain't going to be active on the way down it's people getting out. i will tell you from doing this for 30 something years markets go down a lot faster than they go up. >> when you look at microsoft, though and start to talk about the number, i equate it to the apple is with the services income when you look at how many billions they are making and closing the gap between hardware and the service income look at microsoft, the personal computing as a segment of revenue is 45 billion. but looking at intelligent cloud, you're looking

. >>> coming up, a busy week of earnings coming up tech names on deck -- apple, microsoft, facebook and amazon among them we'll tell you which could surprise and which may disappoint. >>> plus, boeing test flying a brand-new plane for the first time today -- >> so we've heard. >> but problems with its current planes continue to weigh on the stock and the u.s. economy that story when "power lunch" returns. at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. don't get mad get e*trade and start trading through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over yo

apple, amazon and microsoft are the only other trillion dollar companies. >>> and start-up mojo vision is working on smart contact lenses. >> the eye wear has a digital overlay has shows everything from your calendar to urgent messages on the lenses. features would be activated by staring at an icon. the lenses have to be approved by the fda. >> those are your tech bites. >>> governor newsom has a plan to reduce car break-ins. >>> and we are in girl scout cookie season. conditions are protected. vo: a broken promise. trump repeatedly tried to undermine coverage for 134 million americans with pre-existing conditions. mike: "he just doesn't care if you have a pre-existing condition he wants to deny you access to coverage. if he is re-elected, he'll keep trying to do that and i think we can't let that happen." vo: as president, mike will lower costs, and protect americans with pre-existing conditions. mike: i'm mike bloomberg and i approve this message. is that for me? mhm aaaah! nooooo... nooooo... nooooo... quick, the quicker picker upper! bounty picks up messes quicker and is 2x more a

microsoft. we had perfection out of apple we had perfection out of amazon. and yet that should be what the market is worried about. >> the market wants a reason -- not to step on anybody but the market wants a reason it feels like to guy's point to sell off. >> exactly. >> everyone wants the market to sell off the bulls want a better entry point. the bears all-star want it to sell off long-term investors want a feel a reason to add to the buyside i'm sort of six/half dozen here. >> when i hear people say as tim -- i mean people -- people like tim say something like like the market was priced for perfection the other side of that to me is that the market is waiting for a reason maybe to sell >> and use any reason. >> and use any reason. here was a reason that a month ago, a month ago was on nobody's radar screen. >> yeah. >> coronavirus was not. >> no, it wasn't but the one thing that you should wonder about is how was the bond market already working on this two weeks before the coronavirus settled in if you look at credit spreads they haven't fallen out of b

it follows apple, microsoft. and amazon. the four big tech companies now account for 17% of the s&p 500 index. >>> a new voice is greeting passengers on the new york subway. >> see if you can recognize this person. >> this is hudson yards 34th street. hope you like weird architecture. this is a friendly reminder that seats are for people. >> that's actress and rapper aquafina. riders on the seven train in new york city will hear her voice making the announcement. she recently won a golden globe for the movie the farewell. >>> a new video of some bay area peaks with a new coating of snow. check out mount diablo. fresh powder from the latest storm. >> mount hamilton is also covered in white. this morning, the sun is shining on a couple of inches of snow around the observatory. and we spotted a caltrans crew taking a break for a snowball fight. >>> and south of livermore on mines road. snow, slush, and ice overnight. >>> let's get a check of the friday forecast with mary. >> we are, the sunshine across the bay area. here's a li

big tech guys come out this week. >> amazon, apple, microsoft, facebook. the calendar apple goes first. how are the iphones selling? how the services going? how about the air buds that sold. there will be a lot of questions will apple be successful going from hardware to hardware end services company? that is big question from them. microsoft, amazon is all about the cloud. how are they doing when they face off against each other? facebook, the most interesting of the "fang" stocks, best performing discounting apple. last year the teflon stock. crisis after crisis, pr problem after pr problem. it was still the best performing fang stock, excluding apple, last year. most recently the problem with that whatsapp feature, right, is part of the jeff bezos hacking story. so a lot of people just being reminded, okay, maybe when they communicate, not cite so sure. stuart: yeah. okay. just trying to think of something about microsoft there. >> with azure. stuart: that is the story with the cloud. >> they have been encroaching on amazon's territory and they have bee

tech company to do so, with microsoft, apple, and briefly amazon. it is behind the hugely successful search engine google, as well as android, and recently announced it was acquiring fitbit. it has come under enhanced scrutiny of late. the tech giant is under investigation for unfnfair labor pracactices from t the u.s. natl labor relations board, and dozens of states are looking into whether google violates fair competition rules. the european union has issued billions of dollars in fines, including a fine of more than $1 billion in march of last year. illegale's behavior was under e.u. antitrust rules. it prevented its rivals from having a chance to innovate and to compete in the market. reporter: politicians have also join in the fray, with democratic candidate elizabeth morning -- elizabeth wararren ad bernie sanders both pledging to break up the company if f electd in november. the french government has already moved to crackdown on google and other large corporations with a controversial tax of 3% on revenue generated in france. pressures, thes

you mentioned microsoft, amazon, google scaling back, apple came out with their announcement earliere guidance this year because they simply don't know how their business is going to be impacted in terms of sales of iphones. but their production and supply chain will be hit hard by this. it's quite interesting. you read the article in the new york times talks about the company is taking action. i read facebook is stopping the movement of staff to a degree. but a company like facebook isn't affected in the same way as say apple, for example. there are not and it's an interesting indicator of how a social media business operates in this era of global tech. they don't have to worry about it as much, they are not sending their employees there but they don't necessarily have the deep infrastructure in china away say, apple dollars and can help it. talking about dependence on china. we are talking about huawei. we have been all week. about whether the uk should allow it into its five g network and the infrastructure. talking about in the telegraph, sleepy business park on the edge of banbu

cloud computing powerhouse microsoft recently won the big cloud computing contract with the pentagon, surprising some who might have thought of amazon as the front-runner. apple and microsoft hitting new all-time highs this morning. investors might be wondering how much room there is to run. 3% upguide for microsoft for apple, it's 11% below its current price. back to you. >> yosh e jojosh, thank you. let's bring in two people from suntrust and loop ventures good morning >> good morning. >> when you're looking at your favorite stocks for calendar 20, it looks like fang without the netflix, am zorn first among them why do you still like some of these names that have performed relatively well, although admittedly amazon of those three is about 70% off its 52 week high >> for a couple reasons. one, we think the value broadly within internet digital media is accruing to the larger caps. we saw that last year from growth standpoint. we fithink we'll see that this year as well amazon, the reason we've identified it as our favorite large cap, but we like google, facebook, or alphabet and facebook as well, is because, one, amazon's numbers for 2020 and 2021 i think a

microsoft, we sat down with them last week, they're fine. main street, don't know anything, way too risky. apple, which is a stall wart, and amazonft, a lot of people will say these trade together they're separate companies i do not think amazon will shoot the lights out, they're doing same day delivery. this is a spend quarter, don't get down if they don't make the number the stock is acting as if they won't. there is google and microsoft pressure from azure. i'm willing to go with all three. give them some little -- go with america north, go with coned hey, go with first horizon, okay, please make those changes. that's way too risky can we go -- richard in new york richard. >> caller: booya sir jimmy chill. >> more chill today than he's been all week, my daughter from spain said she likes how i'm doing twitter. >> caller: it's all good listen, high honor to present my portfolio to the am i diversified show. >> absolutely. >> i'm playing along, and thanks to your years of good guidance, and clear understanding, these are withhat i'm left with going into my retirement the five are, facebook, netflix, apple, boeing and united heal

my question, how do i differentiate between faang, which is apple, microsoft, amazon, facebook, the 18%lub, and the hardtack. is it 5g that drives hard tech higher? wouter: that is part of it. there are technologies out there driving the new tech wave. ai and 5g are part of that. quantum computing. there is a new world we are entering that investors should be looking for. there is certainly a new wave of tech, that will be very interesting and particularly compelling to investors going forward. from: wouter sturkenboom northern trust investment management stays with us. let's get the first word news from annabelle droulers. -- gskle: gsk seeks seeks approval for new drugs and 2020. she told us the importance of drug price transparency. >> we support any kind of regulation that continues to support innovation, where value can be innovated. importantly, passing on the discounts that manufacturers bring. out-of-pocket challenge, which is a real one for many people. no one should have to ration their medicine. wholeheartedly support more transparency. airbelle: indonesia's lion wanted to pu

top five market caps, microsoft, apple, amazon and google account for more than 5% of the market by value you have a narrow advance, so to speak. that's why this report was so important, in part don't you think? >> it was and it is. what's also so troubling about it, it was such a good report and the stock is only up 3%. that's what concerns me about this more than anything else it beat on -- >> you're shocked saying 3% isn't a good number. >> it is a good number. >> it's not what we're maybe used to. >> used to. >> let's factor in what the stock did into this number i'll give you a great number you talked about buybacks. 20 billion they did this quarter again. do you know what the average price was? 284. let's think about that for a moment at 327, the stock today and their average price back was 284. i continue to look at this and say okay, 3% today but you have to look at it as more than just tod today. >> i know. carl lewis over the last year, literally ran away from everyone. >> over the last quarter and the last month go through time. we're talking about a 3% move on top of what's be

google, apple and amazon. microsoft c.e.o.n with bloomberg news editor-in-chief at the world economic forum on tuesday. he explained why the tech giant has has been carbon negative. and dropped the cloud competition with amazon and google. >> this came down to what is microsoft's responsibility? we are becoming a big consumer of energy because of what they wasdoing with the cloud and very clear to us given the signs that climate change requires immediate action and wanted to say let's make some good commitments and the commitment to be carbon negative, we have to make sure our operations are consuming renewable energy and we take all the carbon we have put out and ensure that either through new technology or natural means we can take it out. >> that is all the historical carbon. >> that will be by 2050 and go back to 19 5 when we were founded and take out the historical carbon as well. when it comes to these billion dollar fund, we need breakthroughs. no one company is going to do this so we are committed to putting our own ba

. $500.00 like they do now top 5 apple microsoft google amazon facebook now make up a record 18 percent share of the bench. arc cap thanks to monopolistic rents and i believe that no metric measuring the valuation of the stock market applies anymore when you have those 4 or 5 companies they've got 18 percent of the overall market capitalization that number will go to 80 percent and i predict in the next 5 years because we're heading toward a neil feudal period where those top 5 companies and some private equity firms and a few like blackrock own everything the entire stock market and bond market is being taken private with free money and the result will be medieval as a male feudalism it's clear as day well they do say something like over 40 percent of companies on the s. and p. $500.00 those not those top 5 they have they're zombies essentially if it weren't for the fed's free money they would disappear they would be gone they would be out of business but i think part of what this all this intervention is is again crowd control as perception they need to pretend like they're 500 compan

think of the blow out earnings we had from microsoft, apple amazon is a strong number tleep in the nasdaq 100, underperforming by 20% in the last six months. the bar going in was very, very low and not surprisingly it's aws that's the victor. if you look at 67% of their profit and even in a competitive landscape we think cloud is becoming, these guys are dominant. >> it's a matter of positioning, you have both said that. you have google and microsoft for aws i would imagine that margins will be compressed going forward. in after hours, it means that everyone was off sides it doesn't mean there is conviction here. i don't see it that way. most likely i would fade this. >> you think this is shortcut. >> no, no i think people were not expecting them to have this type of a blowout number. >> as well. >> after lagging and especially after bezos said this was an investment cycle i think for that, it caught a lot of investors off guard i think it might be overdone the next day or so. >> i think that's true but also the guidance was a bit more optimistic. i don't think they're normally in the bus

apple, microsoft and amazon have already hit the landmark.r one millionjobs in india over the next five years. it comes after the country's trade minister said the tech giant's announcement of a $1bn investmnent in the country did india no big favour. founderjeff bezos has been visitng india this week and faced protests from small business owners who feel his company is harming their prospects. the world's second biggest economy is now growing at its slowest rate in 30 years. china recorded growth of 6.1% last year. still within government targets — but the lending numbers were disappointing. a drive to cut bad debt, while pushing banks to prop up small risky firms, s squeezed healthier private companies. stephen mcdonell is in beijing. i suppose all in all, steve, given 2019 and the us—china trade issue, no great surprise? yes, i think we saw this coming, people predicted it, and yet there will be headlines that china has just posted its slowest, its gdp growth for three decades, now, people will think what is going on in china, this is one

amazon got there. microsoft is still there as is apple. what makes google different? >> google is different. there.never officially made it ther closed at the level. google joins apple and microsoft. ose were different generations of companies. ogle is the cond generation. for it to make it there there is lesser revenuesand lesser finances. the different parts within alphabet beyond google search but you are talking about d youtube her businesses that google ownsare potentially very valuable. that is what the investors see. they are not scared of antitrust. if you're looking at it from an investnt perspective and they broke up after bed they may be worth more. that is one stof the fun games wall street can play. what is youtube word? >> the lack of transparent these units make. what is your take on this? are investors complacent about the antitrust police y break alphabet and google . >> they are skeptical like something like that will have an -- happened. there is a company breaki up onis is complicated .this effort would have to go before a judge and an appeals court maybe the supreme court. it i

is all of the outstanding shares of stock multiplied by the stock price and so you have microsoft, apple, amazonnd facebook all part of the club. some of the participants in the san francisco pride organization don't want google and the subsidiary youtube and they want them to stay away from the parade next year. that will have to go to the full board in charge of the celebration. google has been a participant and sponsor for many years. thursday we were telling you about pier 1 import stores around the bay area shutting down and now bose will close all stores in malls, 119 in total. you probably know this song, right. it is called rhapsody in blue by george gershwin. i love it said laura. if you didn't know the title, i'm sure you knew it as the united airlines song. this is an example of a company finding just the right music to reflect its brand. the sunday morning on "press here", we'll talk to lauren pufpat about finding the right tracks. and we'll talk about how music can affect your workout. what works -- >> big time. >> what works and what accident. "crazy in love" is the most popular wo

up because people are putting the money into apple, but if and when people start selling apple, amazon, microsoft, whatever -- no matter what their fundamental earnings are going to go down, right? they're going to go down even though they have nothing to do with it. >> the price to earnings ratio and valuations are telling us that the expectations are very, very high for these stocks and any disappointment will push them lower and that's why having equal risk-weighted approach that we have, for example, in cfa makes a really big impact because then you allocate according to the companies you are talking about, the ones that are getting ignored. we're going to have a healthy allocation to those as well. >> i think this is an important, very important, market discussion and market structure. i appreciate both sides, the views and appreciate you coming in thank you very much. >>> all right. on deck, target, off target. sales missing the mark, we examine what went wrong for one of america's hottest stocks. >>> plus, a big night here on cnbc, the series premiere of our hot real estate show "listing i

they join apple and microsoft as the only american companies currently worth $1 trillion. amazonit that point and apple the most lucrative at $1.4 trillion. microsoft valued at 1.3. by the way alphabet's stock, $1,466 a share. >>> gap is abandoning its plans to split from old navy. the spin off was canceled the separation would not benefit its to the bothom line the way they hoped. the board of directors say the cost and complexity of splitting into two companies combined with softer business performance limited value and separation. and while many tech companies are making stride when is it is starting to employ more people of color, pintrest is falling behind. despite efforts to bring in more african-american and latino employees, figures show the social media company is struggling. as of 2018, 5.5% of its workers, 3.7 were african-american. those rates drop when it comes to management roles. in 2014, a former pintrest employee sparked the call to action for tech companies to release how many women and people of color they hire and we've talked about this before in the last cou

the busiest week of earnings of of the season, including some of the big tech names, apple, microsoft, facebook and amazon all set to report. the four stocks the largest holdings in the nasdaq 100 etf now on track for the best month since june but carter worth says there is trouble in the charts fom some of the high flying names he is at the plasma to break it down what are you seeing carter. >> sometimes something so good that perhaps there is trouble meaning no trouble in the charts but that maybe is the trouble. they are priced for perfection looking at the top five stocks as the basket and zero in on qqqs four of the top five report next week let's move forward and look at some lines top five stocks, what are they they are 18% now of the s&p, more than the bottom 300 if you look at a chart of the weighing -- and this is whats this is, the peak, the top fiv ever reach was 1999 at 20% we're not there now. we're at 18.5. crowded is the word that comes to mind. so let's look at the qs. here is a channel of the qqq the etf you can trade that's dominated by the top five names and has been in a virtual perfe

that is apple, microsoft, amazon, facebook and google. extraordinary dominance of high-tech. do you think they will slow down a bit? >> probably slow down a little bit, stuart. you can segue into the fact that is why tesla has done so well. it is also viewed as a high-tech stock. american ingenuity is alive and well. i can say this, having just got back from china. i was at the sy there, they consider their tech sector, like our palo alto. it is so different. the feeling is so different. these people that really want to aspire to have that be their reality really need to go to a place to see what it is like. then you never ever want to leave the states again. stuart: in 24 hours, there will be a big signing ceremony in the white house for phase one of the china trade deal. as you said, you spent some time in china. a lot of time there. what is your reading of phase one? >> it it's a genuine try by the chinese to get going on something because they have to. they're suffering worse than they know. over the last 18 months it is starting to b