ashley webster is in for liz claman. the good the bad and the ugly. dominating the final working day with the 100th day. at any moment he is expected to do a little campaign fundraising for the progression of candidate. the early days of the presidency coming to a close without a major legislative victory. the house and senate are avoiding a major catastrophe by having that. it means -- remains ever elusive. the options to have offshore drilling. this is as tensions remain high. the secretary secretary of state visits the united nations. flexing muscles while having a major conflict. they can tell us what they can expect. they don't dampen the market. i am ashley webster. let's begin the countdown. breaking news for you. a very weak gdp. we are heading into the final hour. the month of gains we should say. they are up a little bit over one and half percent in april. as the fifth positive month in the past six. rising 2.3. really has been about the big tech names. check out alphabet up eight and a third%. here is where we are at the moment. they are do

we bring back ashley webster. and implications for businesses.ere are so many positives here for u.s. companies was actually surprised the markets didn't jump. we had been wanting this and i think it was a disappointment. he would've seen the markets tank. i think the small tech companies are going to get the biggest traction. those small mom-and-pop businesses they pay just 15%. it's a huge bonus for them. i know you're looking at it and as well down there. with a new intraday high for that. i read some analysis already. the small companies are really the beneficiaries. speemac they are made here. we have a round of earnings rate. anything that screams american industry is alive and well. the fact that these earnings have also been fueling the gain of the week. it shows that the trumpet rally is justified. they are now retracing these highs. it all has to do with it. the initiatives are now weaving together with what were seen on economic data. everyone% reduction in ec. it just really big. more money to expand and hire people. it's a win all th

ashley webster is watching big movers from the new york stock exchange. ashley. ashley: almost ending where we began, melissa. we have news from whole foods. word activist investor jana partners taking a big stake, second biggest stakeholder in the company. will shake it up. improve technology and operations to better compete with its rivals. shake up the board, maybe, maybe, see how much of a potential bidder would pay for whole foods. up nearly nine, 10% today. >>> take a look at tesla. we always seem to be talking about test last, the maker of the electric cars. at one point today the most valuable u.s. automaker in the country. surpassed ford last week. they went past gm today. they he been neck-and-neck. tesla up more than three% on an investor upgrade. piper jaffray raising it from neutral to overweight that giving a nice impetus forward. >>> at&t, they're buying straight path communications for very hefty one and a quarter billion dollars. why? because straight path communication has licenses for the spectrum, the airwaves. wireless carriers want to improv

joining me ashley webster along with mark stein, good to have you both here. ashley, you're nodding your head. people thought she would just go through the motions here and all of a sudden call father special election. what does this signify? >> it's a power grab, the main leader called to step down numerous, numerous times. he's hung in there, refused to do it. they have a slim majority, the conservatives, about 17 seats. one projection if it goes the way all likin the general election, th cou end up with majority of 140 seats which would make the negotiating process go a lot smoother and, you know, enable theresa may to negotiate with the eu in a fashion she won't get as much opposition as she might now. trish: mark, if that's the case, it's a united front. people are saying we're done with the eu, we want out, and there's really no room for debate at that point. >> no, and i think she just wants the seal on that. she's got a great advantage as ashley was saying. basically a regionally fractured opposition, the scottish nationalists in scotland and the pro-eu

ashley webster is in for liz claman. the good the bad and the ugly. dominating the final working day with the 100th day. at any moment he is expected to do a little campaign fundraising for the progression of candidate. the early days of the presidency coming to a close without a major legislative victory. the house and senate are avoiding a major catastrophe by having that.

let's go straight to ashley webster at the new york stock exchange. ashley, what caused the late-day selloff. ashley: it is interesting, david. i think that was pretty much expected going into the session today, the last one before the long weekend. there was a belief i think you could say there would be some sort of a selloff late in the afternoon. people, investors taking money off the table before they head off to enjoy three days of r&r. we saw the market, if you look at the dow intraday and s&p, we headed down on the news of the giant bomb but we didn't see the mother of all sell-offs. no doubt about that they want action from washington. there are concerns about tensions with north korea, syria, russia, all of that is baked in. news of the bombing certainly added to that sentiment. overall not surprised that the selling really picked up in the last half hour. money, where is that going? let's take a look at defense stocks because this is interesting. defense stocks got a boost as you might imagine with news of the military action. we did finish h

ashley webster in our newsroom has the numbers. ashley: here they go, beat on the top and bottom line, cheryl. on earnings per share coming in on adjusted 86 cents. the estimate was 79 cents. revenue coming 4.48 billion. the stilt was 4.43 billion. this stock is already up 15% year-to-date. up more than 3% after-hours. strong report from visa. volume growth up. 37% year-over-year. processed transactions also up 42% year-over-year. they just bought visa europe at the beginning of the year. they say that also will help drive growth. by the way the strong dollar helping visa. more people go overseas and going on trips to europe and using their visa card. cheryl: these are great numbers, ashley, thank you, because shows, david, the strength of the the consumer. that bodes well for the overall economy. david: we want to get viewser up-to-date what happened in paris. pierce a terrorist attack. a gunman opening fire on a police officers killing one injuring another. telling the associated press, the shooter was targeting police guarding th

ashley webster with details from the newsroom. go ahead, ashley.shley: david, headline numbers on earnings coming in at 40 cents per share. the estimate was for 37. earnings flat, where it was estimated, $2.64 billion. let's be honest, in the flicks is all about subscribers and they have come up short. domestic subscribers adding 1.42 million sub screeners here in the u.s. estimate was 1 1/2 million, a miss there. 3.5 million international subscribers were added, that also just falling short. by my calculation total total subscribers here in the u.s. around the world is 98.8 million. they were hoping to hit 100 million or close to it. they do not reach that. there you go, guys. revenue pretty much expected. david: expectations were very high. as a result we see after-hours a big after-hours dip of a about 3 1/2% on netflix. ashley: subscribers, david. david: ashley, thanks. cheryl: to respond to netflix earnings, kim serafin. "in touch weekly" subscribers. we were hoping to see the 100 million psychological mark for subscribers. they missed it, kim

ashley webster, foxbusiness. >>> trent baalke and 5:00 starts now. >>> an elementary school in southerner gunfire ripped through a classroom . we just learned in the past hour that an eight- year-old student has no died from their injuries. the latest as investigators attempt to find out what led up to today's deadly shooting. >>> one child and two adults are dead. another child is wounded following a shooting at an elementary school in san bernardino. it's set up a campuswide evacuation. police say the gunman opened fired inside a special needs classroom at north park elementary school at about 10:30 this morning. can wayne is in our newsroom now with new developments. >> the shooting was not random but a murder suicide of an estranged husband and wife. word of the gunfire spread quickly. terrified parents hurried to the school to try to find out of their children were all right. >> have you been in contact at all with her child quick >> no.>> emotional moments. about 500 students attend at school. you can see lines of young children walking hand-in-hand alongside police to get the saf

ashley webster live in the newsroom. what are the numbers and how is the market reacting, ashley? reporter: david, this is the last earnings report we will hear from of course yahoo! as they get sold to verizon. i will get into that in a minute. headline numbers, 14 cents was the estimate on earnings per share, coming in at 18 cents. that is a beat. revenue higher than expected at 1.33 billion, beats 1.23 billion. they continue to say in the report, david, that the deal for yahoo!, the $4.5 billion deal is expected to close june of 2017, june this year, which is exactly what it was supposed to be. so that is good news for investors who were worrying there might be a last-minute hitch. that apparently still on track. paid clicks were down 12% year-over-year. however, the price per click was up 10% ad sales up 2%. this somewhat historic, will be the last earnings report from the yahoo! we used to know. david: interesting. by the way a lot of h1b workers at yahoo!. after-hours you see the stock is trading up a little bit but basically flat. cheryl, over to you. cheryl: we want to sta

ashley webster with those in the newsroom. ashley. >> start with earnings per share, non-gaap number3 cents. the stilt was 70 cents. we have a beat on earnings revenue. 23.6 billion, right where it was expected. i want to look at the cloud platform, this is what they call intelligent cloud owth coming in at 2.18 billion. linkedin, this is the first full quarter linkedin part of microsoft. they bought it of course last year for 26 billion. the revenue from linkedin for this quarter, 975 million which is a little better than the 950 most analysts have been predicting. >> ashley, thank you for that. david: let's go to dave. dave, the fact they beat on the numbers, but the stock is down about 3%. why? >> i don't really understand that i don't understand why the market isn't reacting. microsoft is firing on all cylinders. they're investing in bizs make sense for the company. azure the cloud, is a big play. they're starting to nip on amazon's heels with aws. interestingly next month, may 7th, we have an event coming to new york, micr

ashley webster and peter morici, it's a worth while question, once they start getting so, so big andzon is eating every other retailers' lunch, you don'tstant a chance because if you're brick and mortars at hard to go against the big behemoth. are they annihilating retail sector as we continue? >> are they monopoly? no, they have a big share online. 50%, they had the foresight and the ability to move faster than anyone else and the competition has been slow in reacting. especially the retailers and jeff bezos and those making the decisions, they are out in front and making it count. i've got to admire them. trish: well, i mean i still feel bad for some of the -- you look at the retail sector as a whole. >> yep. trish: so much in the way of job lossesi can tell you in last month, roughly 30,000 jobs lost in the retail sector alone. this is the sector that keeps getting hit. a lot of americans are employed by retailers, going to keep losing their jobs, on the flip side, this is where it gets interesting. if you are looking at this as antitrust regulator and said we've got to break up a

for big meetings or little getaways, member always save more at holidayinn.com ♪ ashley: i'm ashley websterw york stock exchange with the fox business brief. taking a look at the market essentially flat. the dow is up about four points. s&p flat. nasdaq also essentially flat at this stage. >>> fox business's parent company 21st century fox has been given okay to take over sky. the only remaining hurdle for the $14.5 billions deal is the approval of british regulators to. shares of a cloud provider jumping 24% on the trading debut. that gives the tech unicorn prices per share at top of the range. okta they help companies organize hardware and authenticate employee i.d. that is the latest from the floor of the new york stock exchange. more with liz claman after this. that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. kevin, meet yourkeviner. kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how'

stuart: does it make sense to you, ashley webster? ashley: for what it's worth, yes.out. stuart: thank you very much, ashley, elizabeth. we will be back with more after this . . stuart: we're showing you facebook, facebook's took actually which is at an all-time high. this is facebook's first stab at something called augmented reality. we had a lot of fun on the program because ashley has been able to explain augmented reality in a way we can understand. we i will do it again now. ashley: i hope i'm right. augmented reality taking digital images, layering them in the real world. putting bunny ears on your head getting on snap chat. you can combine the two. mark zuckerberg says look, going forward this has all sorts of applications. you can post a menu on a restaurant, you come along, stu, comes along, puts his phone up, looking with friends about the menu choices your friend liked in that particular restaurant. he takes it a step further. replace your 500,000-dollar television with an app. as you sit there you can watch it in the virtual world incorporated in your own

ashley webster has a story of ashley: happened to me in london to nashville.ot to chicago, changed planes, went to the ticket desk, got my boarding pass and my wife, we sat down, the plane pulled away from the gate, our luggage was loaded, full plane, suddenly the plane goes back in. opens the door, someone calls out my name, my wife's name, they wanted us to leave. the family showed up at the last moment, one extra seat, when we left the family could get on. i refused i said no. liz: this was christmas eve. ashley: they said you have to leave now. i said no, it got heated and heated. and they said we're going to call the marshal and i said, great, he can arrest you for did you go selling the fee. money fee and hotel, christmas eve. my kids were waiting for it. the kicker our luggage went to nashville so we had no presents for the next day and the presents had gone. >> what airline? >> american airlines, i still, it bubbles to the surface again, this was in 2009. thanks for the story, ashley. ashley: oh, my goodness. stuart: a three hour show for that. let's m

stuart: that is ashley webster right over there. train himself because he was bumped on a flight on christmas eve in chicago. ashley: yeah. stuart: to make way for a family which arrived very, very late. ashley: right. family of three. myself and my wife were there. they had three seats. they needed three seats. they kicked us off. our baggage was on the plane. pulled away from the gate. by the way they flew my luggage to the destination. so we were left in hotel with no luggage. >> you have no recourse. and they always call the police to help out. i think that is the -- ceo oscar munoz said they will stop using police to enforce their customer service which is great to hear from him. probably a little too late. stuart: may i make a suggestion? why don't airlines behave like delta? which i believe doesn't give you a discount coupon for future delta flight. >> yeah. stuart: they give you a gift card, american express or bloomingdale's? bout it. they give you american express gift card like cash. they want to maximize profits by overse

mark stein, ashley webster, now, neil, sir, it is yours. neil: stuart, thank you very much. the net effect of all of that is not much movement in stocks. about a point right now. 20,664. as stuart pointed t,here's it is holding its own. if youwere to get a snapshot, broad futures markets when we first heard of the tomahawk missiles and of course the chinese leader found out himself from president trump, we were cascading south fast, the markets were in a bit of a freefall. futures down 150 but they quickly rebounded. a lot had to do with praise from foreign leaders including likes of angela merkel in germany and theresa may in britain who praised the move and said it was right an humanitarian thing to do. we have the meeting the president is talking with his chinese counterpart talking about thorny economic issues. he left open the possibility that could include the north korean issue. blake burman is there keeping track of breaking developments. reporter: neil, actually a couple things. he stuck to the script as it relates to china. of course the president is here at mar-a-

liz macdonald, ashley webster. ashley: thank you very much.tuart: scott shellady and of course, keith fitz-gerald. earnings season kicks off, here is my point, i'll start with you, keith. if we don't get overall a 10% rise in earnings, i think this market's got trouble. what say you? >> i think so. i don't necessarily think that the market's actually at 10%, i think it's 9 1/2 or 8. here is the thing, the bar is so low, it's laughable. that's what corporate financiers engineered six, seven ago. >> the expectations, it's kind of r rigged to start with to some degree? >> it's like betting on a horse race after you know the results and that's what investors don't realize, you've got to go with the companies that are logically going to do the right thing. stuart: okay, scott, what do you think? i'm satisfying -- i'm saying if we don't get 9, 10% jump in overall markets, what say you to that? >> i may be debby downer, we might get your number or better, but look what we've got as of late. no inflation, very low growth, missing expectations. those t

. ♪ ♪ ashley: imashley webster on the floor of the new york stock exchange with this fox business briefis reporting preorders for the galaxy s8 have surpassed the s 7. customers looking past the exploding battery issues that plagued samsung last year. it will be available next friday >>> the company topped fourth quarter expectations thanks to the growing online business but weaker-than-expected guidance dragging the stock down pier 1. earnings season for biggest banks for wells fargo, jpmorgan andchy group and on the news that berkshire hathaway is cutting its stake in the bank. we'll have more on "countdown to the closing bell" coming up next. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. ♪ liz: folks, i want to let you know we are now hitting t

we have with us today ashley webster, elizabeth macdonald. scott martin and todd horowitz.did a survey of fund managers, 83% of them say that stocks in america are overvalued. scott martin, what do you say to that? >> this is stuff i love to see, stuart. these surveys come out from time to time and ironically they've predicted about 10 of the last two market corrections, if you get my drift. this is a typical sentiment indicator, when the markets are said to be overvalued and can't be more upside, i like the numbers if you're in skoks here. stuart: todd horowitz, you're a long time bear. you believe a correction, and some are overvalued? >> i think it's probably realistic, they're starting to move some of the stocks out, looking for more defensive names and i think that's why i expect they're overvalued and obviously i agree with them, i think we're significantly overvalued here, without growth, without real good things, the 4% we were promised, no tax plan, a lot of things indicating the market is near at least a short-term correction. stuart: one thing that is keeping the

joining us, ashley webster, elizabeth mcdonald, mike murphy and steve cortez, i say earnings, the mostortant thing that's holding this market up because washington is doing nothing, investors are just looking at decent profits. anybody want to take me on, mike murphy to start with? >> i'm going to agree with you, stuart. i think you have earnings that really are going to prop this market up, and we wanted to see tax reform sooner. that's a fact. but we're already mid april right now, we're not seeing if mnuchin tells us it's going to be delayed, but i think the earnings that have come out so far are good enough to support the markets at these levels and i look really at the financials. goldman missed this morning, has to do with trading. all of their top employees are in washington working with president trump so they had a miss this quarter, but you look at citi, look at bank of america, j.p. morgan, enough, the financials are the leader, technology leaders, supports the market up here, 20,500. ashley: i do think that geopolitical does play a little role in the sentiment where you hav

ashley webster, elizabeth mcdonald, jeff sica, scott shellady, still in london in the cow jacket.on and alphabet. they're up at the opening bell. what's going to stop them? >> keep in mind with amazon, they had two quarters analysts thought of disappointing and now they've come through with a blockbuster number and beat profits, and quarterly profits grow by 43%. i don't think anything's going to stop them. the only thing i will say with amazon is amazon is trying to get more into the logistics and shipping business. they're really moving towards the amazon prime. their goal in the next ten years is to have deliveries within 24 hours nor 80% of the population. stuart: really, that's their goal? >> that's their goal. in order for them to do that, they need to spend money and keep in mind the last two quarters they were spending money and why they were disappointing. now they've benefitted from spending that money. stuart: okay. jeff-- i'm sorry, scott shellady in london, come on in, please, because i want to talk about amazon and google. i've seen analysts projecting $1,000 for bot

[laughter] ashley webster, elizabeth macdonald, brian men burg and scott martin.nt is doing what he said he would do. i say the growth agenda is back on track. scott martin, to you. will this mark the second leg of the trump rally? >> this is the precipice. this is the next step in the market wave as far as the rally comes. and as i was telling superman -- i mean, brenberg in the green room -- [laughter] this is going to unlock economic growth we haven't seen for the last eight years under the obama administration who promised all this help for the middle class, all these great business climates that we never saw. you saw small business sentiment fall, small business formation fall during the end of the obama administration. this is going to bring back the small business and bring back economic growth. >> yeah. to that point, dropping that rate for small businesses to 15% drives that rate lower than canada and mexico. it makes the u.s., basically, a safe haven for investment to pour into the small business sector. stuart: there's one thing we've not yet seen, bria

ashley webster, liz macdonald, shah gilani and keith fitz.rket, the open of tax cuts or strong profits? keith fitz? >> a little of both. the end traders are rushing to be a part of the problem. my concern, not to be debby downer, there will be profit taking in the next 24, 48 hours. stuart: thank you. [laughter] >> and 21, don't want to be debby downer. are you in seattle where it's raining? yes, i knew you were. [laughter] >> is it profits or the hope of a tax cut, shah gilani? >> i agree with keith. i'm not the debby downer, but both under the tax cuts talks the other day boosted the market and that began the push higher. earnings are coming out great and the combination is the one-two punch taking them higher. >> if profits were not up 11% so far from last year, this market would know the be at 21,000. >> absolutely not. because it's pretty expensive based on revenues and earnings. yes, we need profit growth and i would add a third element, which is the economy. the economy is showing signs of strength, not only consumer sentiment, but hom

ashley webster is with us, elizabeth macdonald is here and mike murphy from rosecliff capital. i'm sticking with tesla, i find it fascinating overtaking the ford motor company in value. i asked you 20 minutes what you think about this, tell us again. >> well, i think that they're pricing tesla like a technology company. if you think back a few years, there were announcements coming out, amazon is now worth more than macy's. amazon is worth more than this retailer and you think about it, of course they are. you see amazon today, you would think it's ten times what macy's is and rightfully so. that's the bet on tesla. i'm not telling people to go out and buy test la at $300 a share, buthat'what the market is telling u now. they're betting on elon musk and-- >> is there a shot that they're right, that tesla is the technology company of the future, are they right? >> they could be. what else can elon musk do the technology. amazon were a booker, now look what they are. liz: wall street says the day of reckoning is coming. it takes a lot of money to build the factories, and cars and

go to ashley webster at the stock exchanges. ashley, what are the traders telling you there? ashley: david if you continue to tread water day after day be, weak after weak, it becomes harder and harder to keep your head above the water line. that is really the case for these markets. they have been moving sideways for quite some time. inaction in washington. rising tensions with syria, russia, north korea. all of that put together. we've seen a flight to safety in u.s. treasurys and gold. they're waiting for something to happen. in the meantime we do have earnings getting underway tomorrow with some of the big banks reporting. that could be a catalyst. if you get this market moving upwards. but that depends what those earnings tell us, david. david: ashley webster, who was once dragged off an airplane. but that is whole another story. ashley: i was. david: melissa, go ahead. melissa: president trump expected to host a joint news conference with nato general second stoltenberg any day now. blake burman standing by at the white house with details on that one. blake? reporter: p

ashley webster on the floor of the new york stock exchange. ashley, you're watching another sector moving big after last night's strike. ashley: interesting, yes, the defensive stocks. david your point is well-taken, despite all the headlines including the u.s. air strike on syria the markets are pre much where they started six 1/2 hours ago. really a remarkable session when you think about it. but the defense stocks certainly moving higher on the us air strikes. raytheon makes tomahawk crews missiles. each one of those missiles costs $1.6 million. by my calculation, 59, $94.9 million worth of airstrikes on syria. but the defense sector as a whole moving higher. let's look at winners this week. caterpillar up 3.3%. a lot of it based on the hope there will be infrastructure spending that will be approved and moved through. caterpillar up for the day. also oil, you mentioned david, oil going up, certainly with the strikes in syria. but oil has been on the way up anyway. we're seeing chevron gaining 1 1/2% for the week. as for the losers, jpmorgan

ashley webster, shah gilani and liz peek.nk we've got to get a double-digit increase in profits across the board or this market is in real trouble. shah gilani, what do you say? >> i agree with you, stuart based on last year numbers are horrible. and everybody expects that to be gang busters, the market would have profit taking. stuart: in the absence of tax reform and health care reform, the market is propped up by good profits. >> and the expectation is that we're going to see double digit earnings growth in this quarter, but the reason that the treasury rates are coming down partly. i think that growth expectations are being rolled back. we don't have the big bump from tax reform and other things that come afford. i'm not surprised. stuart: profitability is a big deal. ashley: the markets need something, treading water so long, eventually it will go under because you need something to get you to the next step, level. stuart: another switch and change from president trump. janet yellen, we thought her days were numbered at