how about big tech names?are down except microsoft which is way way up. a dollar 41 higher. 1.6%. how about that. we have at least nine new companies giving bonuses or raising wages thanks to the tax bill. up next, a ceo who is doing just that. i've got a smarty question for you. who thanks these bonuses are just pathetic crumbs? focal ♪ ♪ ♪ ♪ ♪ whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every c

you have a flurry of reports discussing the possibility of antitrust where big tech is concerned. ve the eu slapping a fine for a relationship with apple. there's a shifting tide and sentiment from the democrats toward the tech community, and of course activists and investors in apple are claiming iphones and other devices are addictive and it needs to be addressed. what do you make of what seems to be a very fast change in how the public is viewing tech now >> i think part of it just goes with the territory because the most valuable companies in the world, take the top ten most valuable companies in the world, majority of those are big tech so of course the spotlight is going to be on them. i think the real challenge is for companies like facebook who are now realizing that they had far more impact on people's lives because of the fact that there was fake news out there and various investigations that are going on but we'll have to see. i don't think it will be as highly regulated as was suggested. mark is one of the brilliant mine's in silicon valley, but my sense is that we have

we are already seeing more gains from the big tech companies closing at record highs last friday. the big five are going to open mostly higher again this monday morning. pay very close attention to amazon. the super cold weather for the last two weeks has surely helped them. who wants to go outside in subzero temperatures? it was minus 13 at my farm yesterday. that has helped founder jeff bezos to increase his fortune. he's now worth $103 billion. a half hour from now, no sell off. the dow closed friday just shy of 25,300. we'll stay right around this level when the opening bell rings. monday, january the 8th, "varney & company" is about to begin. ♪ ♪ more fire at trump tower in new york city. ashley: well, fire and furry, and it had nothing to do with a book. apparently it's a electrical fire on the cooling tower. as you can see from this video. it was first reported about a secret service agent who looked up and saw smoke coming out of the top. no smoke inside the building. no one inside. there's a luxury apartment and businesses in there. no smoke inside. no one evacuated. two m

how about the big tech. the money back from overseas and they get all the extra money from the tax cuts, will it go into share buybacks and dividend increases? that would be very good for the stock price. >> i think some of it will and more of it, there will be more buybacks and more dividend increases and if we hadn't had the tax-cut. one of the problems we've had in american enterprises at the return on capital have not been high enough. i don't think the market is overvalued. the s&p ratio is still below 25. it is still lower than it was a year ago. we've just come off a big boom. my feeling is this is needed to price capital. it's an appropriate return for shareholders so i think overall it is a good thing. my feeling is that wages are going to be determined in the marketplace and is a lot of upward pressure. did you know, in 2017 less skilled workers got a bigger race and highly skilled workers, that never happened when barack obama was present and he was so busy banging on the heads of american busines

what would you say to those that worry that more government involvement in corporate issues with big technies like apple could potentially stifle innovation down the road. there is some concern that is happening. >> well, you know, i'm somebody who believe in a life touch. i'm not in favor of the heavy hand of government we have too much of that in too many areas of our economy today, but i think it's important that there be transparency. i think from a consumer standpoint, we have a lot of consumers out there who buy apple products they sometimes will upgrade those products in this case, if they are throttling these processing speeds and slowing down processing speeds, and there was any effort as a result of that to try and force people into buying the next iphone, the next upgrade, they need to know that. they also need to know what's happening to their battery life and whether or not they need to replace a battery. those are fundamental issues consumers have a right to know when they purchase a product we're not suggesting heavy hand of government regulation here but simply the need fo

you have an acronym like baad that you are working with and you take a look at the shares of these big tech companies, are investors taking this seriously enough? >> investors have so far considered the anti-tech rhetoric just to be political grand standing i don't think investors think that the actions taken by regulators are going to strongly affect the tech firms. you can look at last year's performance of alphabet, google's parent company, the european union levied $2.7 billion fine, the market barely blinked. i think that there will be more political pressure on the tech giant especially leading up to the 2020 election. i think whoever runs in 2020 is going to do so on an anti-tech platform and beat up the giants. i think google, facebook and amazon are most at risk. and so it is something that wall street is waking up to more. rbc put out a note a couple weeks ago looking at the top ten internet surprises for 10 20 18 a 2018 and said regulatory action was number one, although it was unlikely that it was higher than the market suggested, the probability of it. >> does that get harder d

hashtag is big tech doing enough. from tech firms set to testify before the senate committee on commerce, science and transportation. this comes months after the companies' lawyers were grilled by lawmakers by ads purchased during the u.s. presidential election in 2016. companies have been struggling with how their technology could be used to divide people. last week, facebook's ceo mark zuckerberg vowed to focus on curtailing abuse, hate speech and diversions from foreign entities. in september, twitter suspended almost 300,000 accounts for promoting terrorism. lawmakers though will not be questioning the company's ceos this morning. these people will be testifying: >> they will attend the hearing at 10 a.m. eastern time. live in menlo park, anne makevoc, kpix 5. >>> time now 6:56. the clock ticks closer to friday's government shutdown. emotions are running high in washington. house republicans did propose a short-term government funding bill last night. but house conservatives insist they have the votes to reject th

back to the kick back in big tech. there isa to the kick back in big tech.f the machines, you know, is fighting against the system. i want tech to make tea and look after my kids. what go you george? we have had lots of viewers responses as to what we would like technology to do for us. if they could handle bath time to bedtime that would be, you know... do it successfully? that would be great. stephen says still waiting for his flying car, personaljet pack. michael says, "simple, iwant it to get rid of my cold." ronnie, this is, a lot of you saying you wa nt this is, a lot of you saying you want nothing more. ronnie says, "we are getting dangerously close to being able to do nothing for ourselves anymore." " being able to do nothing for ourselves anymore." an old—fashioned car that you just drive. but they will be driverless. we're not going to drive them. the i°y we're not going to drive them. the joy of driving still. you still want to be able to drive. george, we had another story about glaxosmithkline. talking about the new boss, really changing senior

planners founder sean go on received ten million dollars from investors to develop the software the big tech names are also willing to pay for the latest know how. this is not how the sauce and come on say. we offer and we know how we can help you see this big corporations like the top head start to have their venture capital for their corporate car and start investing in the market for artificial intelligence is expected to grow to one hundred thirty billion dollars worldwide by twenty twenty five and that opens up huge opportunities for a new generation of entrepreneurs in taiwan. that's all your business outburst of public anger in pakistan. that anger erupting in the city of after a wave of child killings protesters took to the streets there on wednesday outraged over what they called police in action in the wake of the latest rape and murder of a young girl in the city several miners have been sexually assaulted and then killed there over the past year with police making no apparent headway in finding the perpetrators. the body of little sign up ansari borne by a sea of mourners in her

coming up, big tech, big gains. facebook, google, amazon all saw double-digit gains this year.n revenue. it could be headwinds on the horizon. plus a tumultuous 12 months for uber. we delve into the ride hailing app's biggest roadblocks for 2017. this is bloomberg. ♪ ♪ cory: as we close out 2017, tech companies are holding on to some historic gains. the nasdaq 100 up 30% on the year. it was driven by fast-growing sales, record profits, and hopes of continued growth. but a big tech reckoning could come in 2018 in the form of government oversight in a fractured relationship with users. we spoke with an analyst. i love the way that you have covered these companies because you're looking at a lot of these very big companies but with a skeptical eye, on some of the top issues we have seen them show. when you look at them, who is at the top in the coming year? james: it has been an interesting year because all of these companies have posted tremendous financial successes, and definitely grown much bigger than what many thought at the beginning of the year in their own right. at the s

the big tech companies, they are used to being the disruptors of the status quo, they have become so ave become so big now that they have become the status quo and they are having to spend money on removing offensive content and there area removing offensive content and there are a lot of things that are challenging them, but they are growing rapidly. i suppose the backlash is on so many sides. it is about what we use the social networks for and whether people are using them for the wrong reasons, spreading extremist content, but things like tax and that's where it really hits them? it does. the fact that most of the big entrepreneurs of big tech say things like, "i don't let my children use facebook." they are going through an interesting phrase of development, but there is more to come from them. a quick look at this we work. it has become central london's biggest occupier. this is people just wanting to hire a desk and these companies like we work are buying up office buildings and renting out desks. you can't tell how much spare capacity there is in the office market in london bec

first of all, the big tech names. look at them though. these are premarket quote. is is the price now. apple, amazon, every single one of them that. amazon for heaven sakes up 15 backs premarket. the big banks this morning, some of them reporting profit, all of them up with the sole exception of jpmorgan. the rest they gain especially citigroup up to .5% premarket. profits more than doubled at united health driven by a one-time tax gain at the tax code overhaul. that could echo up two bucks. boeing, caterpillar company united technologies. the biggest dow winter since the dow crossed 20 5-k january 4th look at them go sent ben. though we missed up 13%. we better be joined by a professional. steve cortez market watcher. looks like we are in for more records today. my point is this is all about strong corporate profits in the future. show me where i'm going wrong. >> you're not going wrong, you're going right. main street is an important here. small business surveys at an all-time high according to the nfib. regular consumers, quinnipiac polling come a record 66% of c

there has been good bipartisan legislation but not the first big tech ceo to weigh in somehow. >> this been a big issue in tech and speaker ryan said all leaders were negotiating in good faith to have a deal on daca in terms of government funding that's pektsexpected to be done. now let's get to contest a. >> here's what's happening north and south korea said they would do a hockey team also march under one flag. president moon calls tit histori mean. >>> and abbas criticized president trump. he said consider to jerusalem as capital was sinful, his word addressed a conference in cairo. >>> georgia governor state of emergency for third of the state's counties, hundreds of schools are even closed or delayed because of the storm. >>> walmart is helping customers get rid of left over opioids by giving them packets that turn the pain kill nears a useless gel. provide those free with opioid filled at 4,700 pharmacies in the united states. that is our cnbc news update for the hour send it back to zblu thank you when we come back shares of general electric adding to yesterday's losses 20 cents

thousands of people losing their lives crossing the mediterranean trying to get to their shores big tech very much under the spotlight here this year as well we hear from the c.e.o.'s of microsoft and google big big tech really under scrutiny at the moment both for advances in artificial intelligence but also unpaid taxes and fake news and another very interesting visitor to davos this year is the new zimbabwean president. just a few weeks in office now he'll be here touting what he says is an economy in turnaround mode with massive potential he'll be looking for investor investors zimbabweans at home will be watching very closely to see which world leaders and big business figures here make the time to sit down with him or i join i thank you very much for that. joining us live from davis thank you. now the u.s. justice department has confirmed to al jazeera that attorney general jeff sessions was questioned last week of alleged collusion between donald trump's presidential campaign and russia it is believed to be the first time a member of president obama's cabinet has been questioned.

big tech names, check them all the time.osoft, look at them go, they were all up, now they are all down except that netflix and microsoft, still up $.47. better revenue, one of the dow component, united technologies gave a higher profit forecast, shares at a record high earlier. don't forget oil, a fresh, 3-year high after the 10th straight decline in how much oil we have in our supply system, $65 a barrel a little earlier today. check those markets again, we are at the low of the day, up 42 points, 120 points, s&p down, nasdaq down. anyone who gets a drivers license will be automatically registered to vote. that would include illegals. the military carried out an air strike in syria kills 150 isis fighters, joining the government shutdown. their pay was delayed. we have a former military guy, he has a lot to say about that. nicole: i'm nicole pedallides with your foxbusiness brief taking a look at snap chat because there is something new on the way, stock to the upside by $.14 but starting today you will be able to take vid

now in china, but that big tech innovation has never really been done in silicon valley to the same extent it's been done in these other locations. remains an jersey epicenter, the boston, new york, new jersey corridor, still a hotbed of innovation. good place to be, the weather is beautiful except for the six months of the year e discussed earlier, january, february, july, august, september, but, no, it's a very it's got this tremendous culture of innovation. s you know, sometimes the culture matters and in bell labs the culture is still a huge scientists to come and innovate. appeal is the the culture we've created here and it's part and parcel of being at this site in new jersey, this site of great innovation. bell 're president of labs, you're also the chief nokia, gy officer for but you have to justify your in nses to mba's back helsinki. if you start describing this, to want to going money-ize it? about, how dothink we survive when many other ndustrial labs like ours suffered. xerox, hp labs was a big deal. large and is now smaller. we've survived at roughly the same size. i think th

s of microsoft and google with big tech very much under scrutiny not just because of the consequences of artificial intelligence as it advances but also unpaid taxes and fake news and other sticky subjects like that and then of course is a very important attendance here of the new zimbabwean president. lots of people looking out for him here as he touts the potential of an economy that he says is in turnaround mode he's looking for investors and he's very much on a drive to drum up and whose ears i'm. very much for that is joining us live. as john just mentioned. is. looking to use the farm as a platform to show the international community how he'll be different from his predecessor. reports on how much the country's most pressing issues. are used to work in a big he says it closed. almost twenty years ago. to survive the capital makes and sells furniture in a neighborhood compound he wants the international community to in zimbabwe's economic isolation neither robert mugabe is no longer president tries we want investors so our business can grow and they can only improve when they com

how about the big tech names? we have to check them.rt earnings or otherwise on wednesday or thursday afternoon. in advance of that they're not down much. they're down a fraction. biggest loser microsoft down 1%. biggest loser is microsoft in percentage terms. >>> going to get to the state. union message. the president speaks tonight. i think he is should sell the tax bill. why do i say that? there is a new poll that shows that 58% of the people believe large corporations and rich will benefit most from the tax cuts. come in, congressman kevin brady, the man who wrote the tax bill the welcome back. >> thanks, stuart. stuart: i hope you had a rest. you were working 24/7 for at that long time. you're not getting good pr out of this. i think you have to sell it better. will you do it? >> no, i agree. tonight is great opportunity for the president. he gets to do something that rarely do presidents have the opportunity, say i delivered. a year ago he said i want a stronger, safer and more proud america. he has delivered on that especially on

action i mean it is going to be a record year isn't it despite did missing out on some of these big tech companies . well actually have been from the frankfurt perspective i can tell you that investors here actually very satisfied how two thousand and eighteen most likely is going to be where expecting a record year here at the stock market with since two thousand and seven the highest amount of companies really launching thirteen to eighteen are expected to have their i.p.o. here and frank for this year health in near the company this is going to be the ip all off the year a company worth more than forty billion euros and the company was deciding back then between frankfurt and wall street and of the and decided for frankfurt because of the very good infrastructure that we're having here and also similar companies listed here and the blue chip index stocks the i.p.o. of the year for germany at least andrea what's it say about the changing economic and political landscape when companies choose to raise funds in hong kong over new york. well with the recent big blow to ali baba we saw tha

planners founder sean go on received ten million dollars from investors to develop the software the big tech names are also willing to pay for the latest know how. this is the power of the sauce and come on say hey we can go soft and we know how to go wrong we can help you rise you see this big of corporations like the top ten they all start to have their venture capital form like there are you suggesting the market for artificial intelligence is expected to grow to one hundred thirty billion dollars worldwide by twenty twenty five and that opens up huge opportunities for a new generation of entrepreneurs in taiwan. oh i thought sadly that's all for this edition of your business if you want more catch us on social media just upshall new business you can catch me on twitter after into this i'll be back tomorrow same time same place the. country going to the international talk show for journalists discuss the topic of the week u.s. president told trump is moving close to one year in office so watch how secret she is and has a new best selling book about goings on in the white house damage from

:big tech has been on a high, how long can this keep up, it still keeps going up with some volatilitye but what do you think the general trend will be? >> we made microsoft the topic, last year was a real catch up in terms of the race in the clouds in terms of microsoft and amazon. we think this year there is a lot more advanced computing workloads will move to the cloud. microsoft is well -- is on the software side and enterprise, both of the structure side to partner with their customers and drive much larger deals at much better margins which will lead to much better cash flow so we think that is just getting started. it is a generational shift that microsoft is at the heart and soul of, so we really like it, that is the short answer. emily: are you worried about your children's smartphone screen time? some apple shareholders are. if you like bloomberg news, check us out on the radio, this is bloomberg. ♪ ♪ parenti inm alyssa washington. here is a check of your first word news. the u.n. human rights office as -- says president trump's reported use of an expletive to describe africa

planners founder sean go on received ten million dollars from investors to develop the software the big tech names are also willing to pay for the latest know how. this is the power of the sauce and come on say hey we can go software and we know how to go from we can help you to see this big corporations like the top ten they all start to have their venture capital for their corporate car and they start investing in the market for artificial intelligence is expected to grow to one hundred thirty billion dollars worldwide by twenty twenty five and that opens up huge opportunities for a new generation of entrepreneurs in taiwan. a luxemburg court has overturned the sentence against the lux leaks whistleblower the twenty fourteen scandal laid bare huge tax deals between luxembourg and hundreds of international companies i'm a defendant a former employee of the global accounting firm you say was finding given a suspended sentence but now an appeals court will hold a new trial. anton delta a smile to see arrived at coole today and for good reason the luck six informant was previously charged with

globally and so i think it's seen as a very good step what about the corporate culture then at these big tech companies what has to change there to ensure that women are not only attracted but retained yeah well. first of all i think that it's important that all companies have a sense of purpose and that's a very strong thing for us at s.a.p.t. you know having a purpose a purpose that is meaningful ours is to help the world run better and improve people's lives and so for us that means that we can make a difference and the certainly when we're attracting talent and millennial talent perhaps more than and then any other type that sense of purpose is of a significant value and it's something that we live very every single day that we can to work the slogan sounds great but how is it put into practice how is a business software maker making the world a better place well first of all i think our software underpins the vast majority of the world's transactions seventy six percent of the world's transactions actually run through a safety system so if we help the businesses do business better then w

if you're talking about big defense stocks, big tech, big medicine. all the things we talk about.e a line of code, bring out a new product, you can add a billion dollars to shareholder value. stuart: keith, treasury secretary steve mnuchin was on this program in the last hour. here is what he said about his outlook for economic growth. roll tape. >> i think our real focus is on 3% or higher sustained gdp. we're very confident we'll get that. i think we could definitely have a quarter where we get to 4%, but we're really focused on long-term growth. i'm not concerned about inflation. as a matter of fact, in the short term we'd like to see some wage inflation. stuart: well, keith, do you think the market will be disappointed if we don't get near 4% growth at some point in year? >> i don't think the market will be disappointed but i think secretary mnuchin will be disappointed. he should no better than to make a comment. let the markets do what they do. concentrate an instruments of growth. let the markets handle that. stuart: get back to you in a second, keith. i want to get back to

that big tech innovation has never been done in silicon valley as other locations and i think that new jersey in the boston, new york, new jersey corridor is still a hotbed of deep tech innovation. it's a good place to be. when it's beautiful the six months, except january, februar february,-- sometime the culture is a huge magnet for scientists to come and the culture we've created here and part and parcel of being in new jersey, i think, a site of great innovation. >> marcus weldon, you've got a degree from harvard and you're in nokia. you've got to describe this in helsinki, if you describe it, aren't they going to want to monetize it. >> guest: it's another great question, the other way to look at this, i like to think about, how do we survive when many of the other industrial apps like yours suffered. and things like the park, hp labs, big deal. ibm, very large-- and we survived roughly at the same time. and i think the argument i make is because every year we deliver tremendous value to the company that that owns us, so we deliver value and it's creating billions in revenue in i

sc of record highs led by gains in big tech compa shares.w gained 104 points, the s&p 500 rose jumped 23. it's thees since 2013. >>> the new tax laws are workin southwest and american airlines. both american and southwest say employees, handing out bonuses. southwest will exercise an ti boeing but is delaying buying from others. >>> a small restaurant holding company hooters is offering bitcoin. they for o th used t its restaurants. for future meals or traded with other customers. be valid at an restaurant it owns. alibaba, a subsidiary wanted to buy moneygram for the deal was scuttled when they failed to address concerns. wa spokesperson. dj he'll document his experience and progress on his newogram. anne-marie? >> maybe we'll get weight watchers-inspired music out of him. >>> st football play. why cincinnati bengals quarterback andy daltongoost fo charity, thanks to fans for another team. but he neverle if your cousin's wife's sister's husband isn't a lawyer, call legalzoom and we'll connect you with aat legalzoom. where life meets legal.

big tech names, let's check them., let's go to the top. facebook, 185. amazon, $1219 a share. microsoft, above $88 a share. alphabet, $1,111 a share. and apple at $174. all, most of them hitting all- well, let's get this clear. alphabet and microsoft and amazon close to hitting all-time highs today. how about that? [laughter] more "varney" after this. ♪ stuart: which stories that we brought you today affect most people? well, the easy answer is the stock market and the continuing records. the other story is, yeah, the weather. what you're looking at right now is current wind chill. that's not temperature. that is how it feels. let me put it like that. in new york, new york city just outside these walls right here, we're at minus 4. now, look at that down in new orleans, you're at 45, dallas 53, albuquerque, new mexico 50, even phoenix is a mere 62 degrees. head up north, minneapolis, you poor devils down minus 16. have a lovely weekend, north america. neil, it's yours. neil: all right. stuart, thank you very, very muc

a wonderful -- >> tucker: i bet he's a great guy but how many big tech companies were started by therants that are talking about, since you brought it up? how many? >> s we have so many success stories in this community. some of them have gotten national attention. >> tucker: with respect, i'm not attacking immigrants, i like immigrants, i'm sure they're great people, but people who live here, born here, citizens, have a right to know the effect of this. how many is the optimal number, if bringing in people illegally and giving them citizenship makes them more prosperous, what's the ideal number of people we should give citizenship to? >> our country and community was built by immigration and we have so many stories in this community -- >> tucker: i'm looking for facts and i think it's fair to ask for facts. a researcher, a social scientist, got a hold of of the conviction numbers, which the state of arizona has hidden from the population, lying to the population about the effects of immigration. he found that illegal immigrann the state of arizona were more than twice as likely to c

moments, we'll head out live to a panel hosted by andrew ross sorkin speaking -- looking at some big techssues with a panel, including dara khosrowshahi >> rachel is our global guru, author of "who you can trust" and "what's mine is yours. it was the first book to define the term sharing economy and collaborative consumption, which "time's" named one of the ten ideas that will change the world. dara khosrowshahi -- >> he's working on it. >> he took what is clearly one of the toughest jobs in tech as the new ceo of uber. he knows a little something about the issue of trust or has dived into that pool in recent months, guiding what is the most valuable startup and private company through some serious public trust issues. shy tell you that he's an iranian immigrant, left the country at 9 years old on the eve of the iranian revolution in 1978, grew up in new york and went off to work for barry diller and has had a remarkable and storied career ruth porat is here former morgan stanley. politico a few years ago named her as the most powerful woman on wall street today she's known as the cfo of

. >> reporter: for more details on today's hearing, follow the hashtag, is big tech doing enough? jackie ward, kpix 5. >>> republicans in congress are scrambling to avert a government shutdown but now house republicans say that a long-term deal is not possible so they are focusing on a one month fix. cbs reporter weijia jang on the efforts to beat friday's midnight deadline. weijia. >> reporter: kenny, house speaker paul ryan put more pressure on democrats today to pass that spending bill. but in exchange did not budge in the ongoing fight over immigration which democrats say must be resolved either before or at the same time. more than 100 so-called "dreamers" froms across the country filled the halls in the senate. republican leaders are trying to find a bill that will win enough support to keep the government open. the latest proposal would be a short-term deal to fund the government until february 16th. as a sweetener for democrats, it would reauthorize the children's health insurance program, or chip, for another section years. for conservatives it would delay three affordabl

that is more on the east coast and israel but that big tech innovation so i think new jersey remains at that emphasis on -- at the center and it is a good place to be and then it is a huge magnet. >> you have a phd from harvard and chemistry but you have to justify your expenses want they want to monetize this? >> the other way to look at this is how to re- survive and we survived at the same time. but the argument that i make every year we deliver tremendous value with 1 million more times capacity but the internet connection we have increase that capacity by a factor of 1 million if you're using the lte network or through the optical network. but the company understand that is the mainstream of what we do. so in that context it is easy to justify so less than 1% of the revenue of the company have a lot of bang for the buck. they had a large team and it is the same number of people now they understand those networks i haven't found much of the difficulty explaining but that has been strongly supported. >> task that no kia product you just don't see it. so all of that that is the inv

open an account today. >>> building on the strong run-up in big tech stocks in 2017 bets are being laidhes the drill cron dollar valuation mark first it's apple, not amazon, that seems most likely to reach the record valuation first, just based on the arithmetic and research by m k & partners joining us is the senior internet analyst rob, so apple just by the numbers at 15% gain in apple gets you to $1 trillion. what are the other factors to consider though? >> well, it's a product cycle company, and the expectation is pretty high on the iphone 8 and x. stoung 50% last yearbled a the iphone 7 was a weaker product cycle so it really depends on the strength product cycle, and -- and, you know, it can get this on a strong follow through on iphone x demand by that's a binary event on that particular product. >> we're talking about the f.a.n.g.-type stocks and some of the chinese internet names who else has a shot? >> the six leading contender, obviously alphabet is next closest followed by amazon, facebook and ten-cent and alibaba, and i think a case can be made for each of these companies

question, could it be a takeover target for one of the other big tech companies?give us prediction. >>> the google ceo says he has no regrets about firing james damore, the employee who wrote the diversity memo. the mr. damore will respond. you're watching the second hour of "varney & company." ♪ stuart: i'm calling it dead flat to ever so slightly lower. off four points, three points, 26,211 on the dow. >>> solar stocks are up. president trump will put 30% tariffs on imports of solar panels. grain arrows for the solar stocks. -- green arrows. >>> tariffs put on washing machines. whirlpool therefore, on the upside. not sure what the tariff is on washing machine, those coming from south korea i believe. whirlpool is up 2% at 171. now this for you, google's chief executive says he has got no regrets for firing the employee who wrote that memo criticizing google's diversity policies. joining us is the author of that memo, james damore. what is your reaction to the google guy saying he would fire you all over again? >> well, as we both know, you can't really trust the

big companies are raising money, but if you look at tech companies, there haven't been too many big iposram, $2 billion this afternoon. scarlet: i've never heard of telegram, by the way. leigh: it's a good messaging app. the question is for a lot of these ico's, what is the value of these tokens right now. while there isn't really a fundamental thing happening inside of the business, that the tokens are being used for, they are raising a ton of money on the backend. with banks, before we move on from them, trading revenues kind of mediocre. not mediocre. it was terrible. a couple of different things, and we see this -- these are the contributors on our platform. people are not trading as much. long-term hedge funds are closing shop at the fastest rate that they have in decades. a lot of money has gone to quant. that money has made value not a strategy anymore. momentum and growth has crushed value over the last nine years. scarlet: and it's all done passively. leigh: and it's all done passively. all these things are contributing as well as the financial technology. especially on the fixe

in a wreath journal op ed published today, greg ipp called into question whe today's tech giants are becoming too big and should be broken up. he said a handful of heavyweights respect -- what would more regulation or a scaling down among tech giants mean for consumers. joining us now is the author of the article, greg ipp. it's great to see you. >> great to talk to you. thanks for having me. >> in reading the article, you like ten situation that we find ourselves in today with these tech giants very similar to historical precedent, which was standard oil and at&t, which both dominated their respective that's right. there is important similarities and differences. the similarity of course is that they are both gigantic. both sort of technological leaders. they both are gateways to critical parts of the economy. oil and telephones in the old days or whether it is thor is net today. that gateway position gives them extreme leverage and monopoly profits. the differences. google and facebook give their stuff away for free. argue thatter gouging customers. even the stuff they do sell like advertg rates ha

. >>> still ahead, a big week for tech earnings. we have big companies on the horizon.ll see if that sparks a we'll see if that sparks a tush-around from this two-day i think that she's a very nice girl... we'll see if that sparks a tush-around from this two-day you never got the brakes looked at? sellofday's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services > can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. today, innovation in the finger lakes is helping build the new new york. once home to the world's image center, new york state is now a leader in optics, photonics and imaging. fueled by strong university partnerships, providing the world's best talent. and supported with workforce development to create even more opportunities. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. >>> here's a look at sectors of the s&p 500. we have a couple

markets as opposed to banks for financing needs as well so back on the tech sector ten cent and ali baba's subsidies these two big names in the asian tech sector are the biggest players in this game at the moment and if you notice these are what we call new economy companies that china wants to attract biotech firms and r. and d. funds are also at the top of that list then there are let's pull you in at this stage is that also the case when it comes to i.p.o.'s in germany this year. well actually i.p.o.'s are expected to be on their almost record level also here in germany for two thousand and eighteen but the companies who are planning on going public are very diverse we're talking here potentially about the biggest i.p.o. since nine thousand nine hundred six coming from siemens a very very old school old economy company they're planning on listing their magical solutions business at least for twenty five percent of that then also going to bank is planning on listing parts of their asset management also rather old economy and then we have a couple of midsize companies who are currently owned by private equity wh

qb -- >> there is an attack on big tech in some ways. congress the government. >> massive growth. they still -- >> how do they have massive growth. >> 61% growth. >> 2.8 billion people in the world. many don't have internet access. >> still able to make money off of it. wall street talks about monthly active users and the growth there. they are still making a ton of money. let's not make too much about how many active users. we know there is only so many people on the planet, only so many with a computer testimony cross section of those two with facebook, there are only going to be so many of those the growth is instagram and all the other properties they have i would not be afraid this quarter. it's not a terrible quarter. it just missed what everybody was expecting. that's an opportunity for me. >> i think you are right i think it has to do with how do they monetize the users they have that's when you think, they don't make a dollar on what's app. they paid $22 billion for it they are going to have the figure out how to monetize those users on that platform same thing they did w

wall street scored another set of record highs led by gains in big tech companies and health shares. gained 104 points, the s&p 500 rose 22 and the nasdaq jumped 23. it's the best opening day since 2013. >>> the new tax laws are working out well for employees at southwest and american airlines. both american and southwest say they'll share the windfall with employees, handing out individual thousand dollar bonuses. southwest will exercise an option to buy more planes from boeing but is delaying buying from others. >>> a small restaurant holding company that holds hooters is offering bitcoin. they'll off it in exchange for eating at its restaurants. the crypto-currency can be used for future meals or traded with other customers. it will be valid at any restaurant it owns. alibaba, a subsidiary wanted to buy moneygram for $1.2 billion. the deal was scuttled when they failed to address concerns. >> weight watchers has a new spokesperson. dj khaled. he'll document his experience and progress on freestyle program. anne-marie? >> maybe we'll get weight watchers-inspired music out of him. >

how about the big tech names? they are leading the way.mazon, microsoft, google, alphabet, apple, all on the upside, very nice gains there. take a look at target. technology insider gene munster, he predicts amazon will buy target sometime this year. gene munster is on this program tomorrow. by the way the dow did just hit 24,900. got it. >>> ibm. the stock is up it got an upgrade. the stock is the top boost for the dow, we're about 100 points away from dow 25,000. how about that? >>> amazon, it shipped five billion items through its prime program last year, five billion last year. a lot of those items purchased in the holiday season. come on in, christian mcgoon. you run a fund that invests only in own line retailers. i want from you, how big the online sector this christmas holiday season. give me some numbers, please. >> stuart, well, first number, first year online retail sales over $100 billion. that was a big increase, up 18% year-over-year. that compares to total holiday sales growing at a about 4%, online retail sales, about 400% b

check the big-name tech stocks, only one is down is facebook and that is plunging down $7.nificant gains. i want to look at old tech stocks. ibm, intel, cisco, our next guest says that is where you should put your money, old tech, not new tech. the ceo of high power advisers, you like ibm, intel, cisco, old tech, why. >> evaluation issue relative to new tech. the value, interest rates go higher, inflation, discounting value, high valuation will tech -- stuart: new big techs like microsoft, apple, google. >> microsoft balance sheet is phenomenal. i am looking at your nvidia, netflix, amazons, great companies, you can get a more defensive play as you rotate value. stuart: more safe. i am taking a flyer if i look at amazon and the rest of them. i have a bunch of economists in the wall street journal, the growth of the economy, the market rally is because of trump. would you take issue with that? >> i would not. all presidents get too much credit when markets are good and too much blame when they are bad. anyone denying, very heavily around tax reform and trumpian policy incomp

okay, we'll take it. >>> how about the big tech names. they are down a little bit.g on to $2 gain. alphabet, loss, apple, minor decline. we have visa and darden, that is the parent of olive garden. boeing makes good on tax cut promises. visa raising the 401(k) match for employees. darden says it will invest $20 million in their workforce. red robin going other way. they are cutting out busboys because of rising minimum wage in many locations. market doesn't like that. red robin is down 1% as we speak. >>> big deal, consumer electronics show is underway in las vegas. gene munster, luke managing partners is there. gene, i want to talk about the battle for smart speakers, google's home versus amazon's alexa. in your judgment which is better? >> google home is remarkably better than alexa. stuart, before i get into that, i want to give credit to mark, will, steve, from the luke research ventures team they powered through 800 queries on the smart speakers to get us the results. so drum roll please. google home properly announced the correct results 81% of the time. that

check out those big tech names. most of them are on the upside. netflix, and amazon are up. back to the big presidential speech today. here's what he had to say about trade. >> we support free trade, but it needs to be fair and it needs to be reciprocal because in the end, unfair trade undermines us all. the united states will no longer turn a blind eye to unfair economic practices. john is with us, he is the ceo. in all this talk about trade in tariffs and a trade war, i have seen no market negative reaction at all. have you? >> i have not. you saw the campaign rhetoric, the adjusted tax that was dropped in this potential trade war, not apples to apples comparison. it was campaign rhetoric. now i think it's rhetoric to negotiate a better deal. when he keeps saying america first not america alone, i think that's a great point. i thought today was one of his best speech. a home run? grand slam. i thought was excellent. he stayed on., he touted the accomplishments of his ministration and he also said he might be willing to go back into tpp. to me there was nothing wrong with t

let's check the big tech names because amazon hit another all-time high. that the nasdaq, speaking of technology, that is also a all-time high. face back, 188 right now. amazon almost $1260 per share. microsoft at 87.90. alphabet, $1111 a share. they're all up. how about netflix, i believe an all-time high. netflix has gone to $216 per share. delta please. showing more profits. more people flu -- flew during the holidays. all-time high for delta. >>> kb home expects solid demand for housing this year. i believe kb home is also on the upside. >>> price of oil this morning, we'll check all the markets, the price of oil is, $63 per barrel. i can't see it on the screen. 63 bucks a barrel. i'm sorry, $64 a barrel and going up too. we're up a buck. 1.6% higher. 64.58 on oil. i'm sure gas prices are going up too. >>> get back to my editorial top of the hour, listen to what senator elizabeth warren told fox news's bret baier about the tax plan last night. roll at that tape. >> if democrats take control of congress would you repeal the tax law? >> what we have to d

you think of your big tech companies, they've effectively had the same problem the pboc have had forhe last five or six years. they've been cash rich and the only liquid assets they been able to buy have been u.s. treasuries. a lot of the assets are already denominated in dollars. it's probably positive for the dollar but i wouldn't give more credence than that. anna: look into that now, but that's the impact you see ahead on the dollar. terms of how many of the dollars there are, i've got a chart here underlining how the cash file a writ apple has grown and the overseas cash pile is a substantial part of the cash holdings apple had. --t's interesting is the way president trump is pleased with what apple has decided to do. the pantry asian means there are no longer able to do further tax obligations -- repatriation .eans there no longer able to peter: no question that all. that was one of the big issues and that's why many these companies have been deferring their tax liabilities and building up huge cache files. anna: they did not know how much they would be taxed so they had to bui

economy is doing so well in so many big tech companies a home to silicon valley. well two things out first of all ben china is going to be lifting a barrier. major owners selling their shares of state owned companies so we'll probably see a slew of that happening over the years second of all home comes new appeal and its latest appeal is that it's allowing dual class shares which the chinese set for seeking daniel over to you can you tell me why frankfurt is missing out on so much of the action i mean it is going to be a record year isn't it despite it missing out on some of these big tech companies well actually eventually frank for prospective i can tell you that investors who are actually very satisfied house who thousand and eighteen most likely is going to be aware expecting a record year here at the stock market. since two thousand and seven the highest amount of companies really launching thirteen to eighteen are expected to have their i.p.o. here and frank for this year help in your. company this is going to be the i.p.o. off of the year a company worth mo

. >> tucker: how many big tech companies were started by people from central and south america?merica? >> so, right now i'm sitting in phoenix, arizona, very close to a company called for tis who was started by a gentleman from panama. it's one of our top engineering companies in this community and think actually are one of our largest employers of at risk veterans. a wonderful success story. >> tucker: i bet he is a great guy and the company is great how many big tech companies were started by the immigrants that you are talking about since you brought it up? how many? >> if you look we have so many success stories in this community and some of them have gotten national attention. >> tucker: okay. so i just want to be -- with respect, i'm not attacking immigrants. i like immigrants. i'm sure a lot of these people are great people. but people who live here, who are born here who are citizens have the right to know the effects of this. so how many is the optimum number? if bringing in people illegally and makes you more prosperous what's the ideal number we should give citizenshi

emily: we have seen shares of the big tech companies like tencent continue to rise.you see the valuations of chinese companies going public and private? kai-fu: china's market for internet companies is larger than the rest of the world, so current valuations u.s. to china are roughly one to one, the u.s. slightly higher. i think china should be 50% higher than u.s. when it is all said and done, so both valuations will grow. i think chinese will grow more in the next five years because leveraging all this online access, payment capabilities, and the speed of acceleration, i think probably a reasonable equilibrium is maybe 1.5 china, 1.0 u.s., company to company. emily: really? wow. kai-fu: on the other hand i see a bubble as well, so i don't say everything will continue to go through the roof. the venture capitalists who do not discriminate will surely put too much money and companies that are not ai companies and getting double, triple valuation, and that has to become rationalized overtime. emily: kai-fu lee, ceo of sinovation ventures, thank you for joining us on t

. >> amazon and facebook will be roaming the show rooms from the big tech giants. in the hot seat, still scheduled to give that key note, you know, what do you think we will hear? >> going to be interesting. everything he has to say, there will be a footnote, a very big footnote talking this is happening, not really a scandal but the expose coming out about the chips, but will be drowned out by this shadow. emily: we heard from apple saying this affects every single apple device. >> they just came out. everything is affected and going to be affected. and what i think is going to be a cat and mouse game and hackers to intrude using this situation, come out wm new security updates. emily: david, as a consumer, there isn't much you can do, andishing software updates and buy new hardware. david: i don't know it would lack this problem and i don't know if mark agrees with that. the reality is that we are in an age of tremendous cyber assault and risks and anybody who doesn't keep their machines, software and browsers updated is taking a big risk but no guarantee. we hav

.>>> more than 40 big tech companies are suing over the net neutrality dismantling. the groups are criticizing federal communications commission for preserving a free and opening -- open internet. it will take months before can be resolved. >>> seven cisco's acting mayor is hoping to become the next elected mayor. she filed papers yesterday to get on the special election ballot. she has been asking mayors since he died last month. she is also a city supervisor and president of the board of supervisors. well before the june election, they will choose an interim mayor and it could be legend green or someone else. >> i want the board of my colleagues to do what they think is the best. i've had these conversations with members of the board. many are torn on what they want to do. and it is really going to be at my colleagues to make that decision. >> breed joint this growing field of candidates. you see them on your screen. the special election is june 6. >>> the fire and fury. the exclusive book on the white house is sold out everywhere. but andrea econo got her hands on