deidre bosa has more. >> despite a better-than-expected report, ibm's revenueebound didn't last long. the company is still struggling to shift its businessoward a higher margin next generation technologies like its watson intelligence and cloud computing, a unit that ibm calls strategic imperative. its legacy business, hardware and software, con wnued togh on its turn-around and the company's stock price. a few months ago ibm agreed to buy red hat to boost its cloud business. ld boost sales when the deal closes, but investors will be looking to the company to deliver on organic growth this year as well. for "nightly business report," i'm deidre bosa, san francisco. >>> let's turn now to david for mo than ibm's earnings beat, the senior investment analyst with essential investment advisers. nice to see you again, david. >> thank you for having me. >> you were looking for a growth in cloud that was very important to you.ey id report some growth of was it enough? >> well, i think it's a good step in the right direction. you know, we continue to believe that they're goingve to to transiti

gene munster is in minneapolis, deidre bosa is in san francisco. we'll check in with them later but we start with the markets. the s&p 500 having its best january since 1987 stocks snapped back from the december lows. we've got a market friendly fed, a trade deal potentially in the works. so is this next stop new highs do you trust this bounce, guy? >> i haven't trusted it for the last 170 or so s&p points. however -- no, i don't trust it. i know president trump just talked about his great relationship with president xi and how things will get done i get it let me say this quickly. all we've done in the month of january is basically recoup what we lost in december. we're basically even from november good, bad, doesn't matter, that's where we are. 2717 i mentioned because i was on your show, "power lunch," a while back when the market was going the other way and i said the 2710 level is critical and it proved to be correct. what was support on the way down should be resistance on the way up again, i've been wrong for quite some time. but you have to

. >> deidre bosa, thank you. >>> ceo david solomon on the earnings call, characterizing the quarter.'s been quite a disconnect between the weak market sentiment and the optimism we continue to see in corporate board rooms. fourth quarter, particularly december, was charactered by a decline in investor sentiment with respect to the global growth outlook in addition for now the absolute level of activity in the real economy remains fairly robust and this is reflected in broad ceo sentiment and our investment banking transaction backlog. >> joining us now with what to do with the banks, david allison of the hennessey fund and from kdw, a steel bolt company. david, did david solomon put those concerns to rest >> i'm not sure about that he's talking about the quarter and the business we'll see how that develops. i think that's a totally separate issue i don't know enough about what's going on with that to really make a judgment that it's over, but the presumption is that the current business conditions are good and they had a good quarter. i guess there's good volatility and bad volatilit

gene munster is in minneapolis, deidre bosa is in san francisco.ith the markets. the s&p 500 having its best january sinc

de deidre bosas spoke with the owner. >> adam neumann and ashton kutcher spoke with us.ny awards entrepreneurs with millions in funding i asked newman if he was disappointed he didn't get the full initial amount but kutcher jumped in to say any disappointment would be crazy. >> for some reason there was some expectation there would be a $20 billion, $16 billion it's a $6 billion raise. second largest venture capital investment of all time i'm an investor of uber. it's the second largest of all time it's softbank coming into this company. now they have $10 billion investment in this company the notion that anybody is projected that they don't have confidence is crazy. i have confidence in the company. >> he certainly has confidence because he also said he wouldn't hesitate to be an investor in we work at its new much higher blended valuation of $38 billion. on that deal neumann told me that massa san called him up directly and he gave insight into their relationship. >> something beautiful about our if i have something i need to change or talk about or he has something. w