verizon was in line as was boeing while united technologies, procter & gamble and at&t came in above analysts' expects. yahoo surpassed expectations but offered weak guidance. netflix powered past earnings expectations while microsoft and amazon.com beat analysts' expectations. some of the smartest people in the world gather here at the world economic forum annual meeting, and two of them are with me right now, harvard professors ken rogoth. gentlemen, great to have you on the program. ken, when we spoke a year ago, we were talking about recession. we were talking about getting out of it, and we weren't certainly through it yet. how are things today? >> a year ago, there is no question the mood was relief. we didn't have the great depression. i think now the mood is shifted much more to exuberance. my gosh, i'm making money. i'm making a lot of money there is a bit of lip service about inequality, but that definitely feels to me the theme. >> one has the sense that if you're a ceo in a big international corporation, things are looking a whole lot better. and that's generating euphori