deirdre: there are diverse opinions. thanks as always. >> thank you, deirdre.mixed as we head toward the final hour of trading. tech companies are facing huge fines and criminal penalties under the eu imposing regulations. we'll see if we are going to impose similar actions at home. ♪ metastatic breast cancer is relentless, but i was relentless first. relentless about learning the first song we ever danced to. about teaching him to put others first. about helping her raise her first child. and when i was first diagnosed, my choice was everyday verzenio. it's the only one of its kind that can be taken every day. it gives us more time without cancer progressing. verzenio is the only cdk4 & 6 inhibitor approved with hormonal therapy that can be taken every day for postmenopausal women with hr+, her2- mbc. diarrhea is common, may be severe, or cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead

hi, i'm deirdre, are you sara? thank you so much for doing this.his is my single moms by choice group. we get together on a monthly basis. and it's a support group as well as information group. >> reporter: while medical breakthroughs may have made it easier to become a mother by choice, one of these is jane maddis. >> you can't parent alone. you really need a support system. could be friends, relatives, other single mothers by choice. >> reporter: jane founded a group by that same name in 1981, from this living room when her son eric was just 1. >> when we first started, we got a lot of push back, particularly from men's organizations in terms of how dangerous and terrible it would be for the children. and that turned out not to be true. >> reporter: when eric was a teenager, he were actually interviewed by abc news about their unique family. was there ever anytime or has there been anytime when you wish hundred a dad? >> no, not really. >> reporter: today eric is 38 years old. married and proud of his mother. >> i experienced a female role model

deirdre bosa has that story from miami. deirdre?> reporter: it's hard to overstate the importance of latin america to the global ride sharing picture. it's a region that's still relying on trains and buses, so traditional forms of transportation and that makes it less appealing for commuters to actually own a vehicle secondly, it is one of the fastest growing mobile markets in the world so for these reasons, it is one of the most exciting opportunities for ride sharing companies but it is also one of the most competitive uber has been there since 2013 and built up the market share and llatam represents the bigget growth in north america. $200 billion last year and that represented nearly a fifth of the company's total revenue in its f1, top five most important markets. uber said it's currently the dominant player in the region but it is battling tough local competitors such as brazil's 99 app. early, and were able to take some of the market share away from uber and last year acquired by ride sharing giant dede they are using that ca

deirdre has been following all the details. what do you have for us? deirdre: a few key headlines. direct-to-consumer business, kevin mayer, i'm going to quote him directly, saying disney is likely, that's his word, likely to bundle espn plus, disney plus and hulu, so still waiting for that pricing information. another kind of headline here that's coming out is that disney plus is really going to focus on family-friendly content. so "star wars," think marvel, think nat-geo. the other big headline i wanted to bring you from this investor meeting is that espn plus is going to latin america. so disney also underlining the fact they really want to grow overseas and in international markets. they also had one of the gentlemen who is responsible for the revenue at hotstar, which is in india, speaking earlier. so the main headline here, though, is that disney is likely to bundle espn plus, disney plus and hulu. we are still waiting for the pricing. david: i know. i know. deirdre: i will bring it to you. david: hopefully we get it before the end of the hour. thank you very much. >>> we nee

deirdre bolton's with us.l, middle class and workers. he says when the middle class does well, everyone does well. he was for the $15 minimum wage, and he also supported to ban non-compete clauses and have salary transparency. but he also says i'm not bernie sanders, so he talk it is about billionaires, and he says, listen, the 500 billionaires that we have live anything this country are not the problem. so he is also, he says rich guys can be just as patriotic as poor guys, and this is why a lot of people think he might be the most palatable candidate, because he is moderate. some of the ore details, i mean, tax code he says the cut, of course, that the trump administration passed in 2017, he says does favor those at the top. this is possibly where he's the most critical of the republican side. and then he is also for free, or has been in the past made statements for free higher education. but then also supporting community colleges. so he's not -- he's a little bit lesses pie in the sky on education and the

melissa: deirdre, john are back with us. john, here is the sentence. they expect their operating expenses to increase significantly in the foreseeable future and we may not achieve profitable. i mean what do you think -- that's the end of the sentence. not even like until this happens, like we just may not achieve profitability. does that inspire you as an investor? >> so i'm not super excited about uber and i'll tell you why really quickly and it really cops down to the competition. they're facing huge competition with lyft where they already lost substantial market share over the last two years. they have been losing lots of international market share. they're pushed out of china. they're being pushed out of india by local competitors n the u.s. it will get worse. tesla will become a competitor with their autonomous ride-sharing announcement they're making this month. google will be a goliath competitor with their self-driving division waymo which has driven 10 million miles is far ahead of any self-driving technology google has, sorry, uber has. tes

system-wide meltdown, this is bulls and bears, i am david asman, thank you for joining us, joining me deirdre bolton, caroll roth could robert wolf and john layfield, critics sounds off over an economic impact of a border closure, some even within his own party. >> it is not a good idea. >> it will really hurt our gdp . >> the idea you would close the bored or cut off aid to the countries where people are fleeing and comes to united states, is down right stupid. >> you are just going to hurt jobs in the united states. >> president has a very good economy, he should consider thetic tepght abou -- >> it will have a neg avenue impact on the economy. one of the biggest trade deals in world we did with the usmcarc, security is more importance, we'll have strong border or a closed border. david: let's bring in brandon judd. >> thank you. david: closing the border will cost american companies billions of dollars every month, is closing the border worth the economic cost. >> i think we have to look at this long-term, border security is not a sprint, this a marathon, if it is going to secure border lo

i'm carl quintanilla with deirdre bosa for the hour.ortt will join us and morgan brennan live in miami at the emerge conference. a lot more there this hour a quick check of boeing today. the company holding its annual meeting today. dennis mullenberg will take questions, as if the company needed more negative headlines this new report that the company, they say, did not notify southwest that a key safety feature to warn pilots about a malfunctioning sensor had been deactivated >>> leslie picker is on uber for us >> reporter: uber executives are in london today and will head back to meet with investors in new york tomorrow. uber is trying to derisk the investment to get more money in the door uber is trying to make investors think they're getting a discount uber is seeking a valuation of $86 billion on a fully diluted basis. well below the target banks had pitched the company six months ago. uber is seeking a more conciliatory governance structure and is emphasizing reformed culture and relationships with regulators. operating losses amo

deirdre bolton. 5:00 p.m.en the meeting begins and fox business, the second the headlines start to come through, we will get them to you. >>> the amazing race and no, we're not talking about the cbs reality show. closing bell ringing in 18 minutes. the dow down 40 points but the contest to replace embattled former chief les moonves, this is still going on, eight months after he was booted. up next, charlie gasparino with the inside track on what is taking so long and why this race with seemingly no end may keep a merger on permanent hiatus. we'll be right back. i'm working to keep the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we hel

stuart: deirdre, i have no idea what your ethnic background is. deirdre: a mixed bag of tricks.u call yourself, right? deirdre: yes, american. stuart: i don't know what your background is. you wouldn't say. no hyphens. deirdre: no. here we are. i'm a new yorker. ashley: that's a subcategory right there. stuart: any other questions for daniel garza who has run the mill of all kinds of questions. ashley: have you ever thought about running for president? deirdre: i just messaged, these guys -- >> you are too kind. i ran for city council when i was young. i was elected in washington. deirdre: that could be the beginning. stuart: where? >> a town in washington that sits on the reservation within the bounds of yakima valley. i enjoyed it very much. public service. stuart: get anything done? >> we got some stuff done. there was some resistance to our program. of course, serving for the president of the united states was the ultimate privilege. stuart: were the city council meetings held in english and spanish? >> in english, obviously. stuart: all english. >> the town was like 85% lat

deirdre: the u.s.n see him there, number four on the list at $400,000 which if you want the comparison, it's seven times the average u.s. per capita of about $54,000 per year. but you know, singapore first, hong kong second, switzerland third. ashley: singapore way out in front. deirdre: they don't want their officials to be able to be bribed. stuart: it works. the seattle seahawks quarterback, enormously paid guy, russell wilson, he showed appreciation for his teammates. i think he gave them something. ashley: a nice pat on the back. thanks, guys. no, he gave them 13 offensive linemen, he said i could have gone flashy, got you a car or something like that, watches, luggage. he gave them stock. $12,000 worth of amazon stock each. deirdre: that's nice. ashley: he says i want to help my teammates prepare for life after football. i believe stock in amazon will help these players achieve their dreams. very, very sensible. stuart: yeah. $12,000 is allowable under the gift tax rules. ashley: correct. very sm

we have the latest on that deirdre? >> hey, jon. we are expecting uber to officially kick off its ipo tomorrow by making its prospectus public. a source tells cnbc the company will seek to sell around $10 billion of stock and list on the new york stock exchange. this timing would put uber on track to debut in early may, just over a month after lyft's debut. perhaps you guys were just talking about this, some caution, perhaps uber is taking a note from lyft's ipo and its subsequent choppy trading. reports say uber may be looking for public valuation of 90 to 100 billion. john mentioned the expectations before, 120 billion was discussed, but keep in mind the 90 to 100 billion is much higher than its last private market valuation of $76 billion we have been getting partial financials from uber from many quarters so we have an idea of how the company is doing like lyft its approach is growth at all costs but that growth is slowing and losses are narrowing. according to self-reported financials uber saw $1.8 billion in losses in 2018 on

let's go back to deirdre. things barely over with netflix.o do united continental. >> as far as united, a beat on earnings, we're showing viewers own the screen, adjusted earnings $1.15 per share. wall street community looking for 95 cents, a clear beat. why you have the stock moving higher in the post-market session. a slight miss, analysts looking for 9.61 billion and united posting $9.59 billion. interesting enough we cover how all the airlines are affected by the boeing 737 max aircraft. the fact they all had to ground them until august for the most part. just to know, united has 14 planes that have been grounded. you compare that to american which is 24 planes and southwest at 34. but just to recap beats for profits and a miss for revenue, connell. connell: eninvestors seem to like the profit numbers up 3%. thanks. melissa. melissa: the unequivocal democratic front-runner what fox news's chris stirewalt calling bernie sanders as committee for a responsible budget says his proposed policies could cost $20,000 per taxpayer. joining me is j

deirdre, you dug deeper. not everything is golden for spotify. deirdre: not everything is golden.y are not making money even though that is double what apple has. so apple has about 50 million paying subscribers through apple music. as we can note, of course, more competition coming online for spotify so google and amazon are now actually offering free versions of their music. so it just seems as if spotify is going to have even tougher sledding ahead, not that it wasn't tough enough. but the founder says we can keep growing at 30% per year. there are many people in the investment community who say the stock may be worth owning because at some point it could be purchased. the company could be purchased. the stock is down two points. stuart: i have interesting news from jaguar land rover. they are testing some new software that will let their drivers earn crypto currency coins. ashley: oh, boy. stuart: how does that work? you have to share your car's information first, including how long you sit in traffic for and the condition of the roads you're driving on. the company says it's

deirdre: for now.ed out -- neil: they got [ inaudible ], right? deirdre: including the simpsons is a great example of that. the first of 30 episodes will be on disney plus. they just told me something kind of funny. they had a picture last night that got a lot of chuckles. the reaction has been $6.99 is really good. i think it's even lower than most of the investment community had anticipated and just seemed to feel like it's good bang for the buck. disney has also been very transparent. they are not going to break even on this for about five years. they are going to spend a billion dollars on developing content and we know that netflix is still the 800 pound gorilla in the room with 140 million subscribers worldwide. because netflix just got there first, there are a lot of people who maybe they complain about netflix, like this doesn't suggest good things for me or i don't feel like paying the most common is $13 to have the two log-ins for simultaneous streaming, it seems unlikely based on studies tha

deirdre: exactly. own a tesla in three years it will be like owning a horse. gene munster was on your show and said listen, if you were at this event, it is actually difficult if you are there because you get to do a lot of the test drives and he said it's difficult when you're there to not drink the kool-aid. he said if you're crunching the numbers and worrying about the company, tesla has said they will be cash flow positive from this point on. however, in ininvesting in all this autonomous driving, is your goal to be cash flow neutral, which is to say they are dumping a lot of cash. i should point out for people who are following samsung, one of the chips that goes into the tesla car is made by samsung. neil: would you get into a car if it pulled up in front of your compound, would you get into a vehicle where there was no driver? deirdre: i'm not quite ready for no driver. i'm ready for a very relaxed driver, perhaps doing other things. but is there just in case. i'm ready to be in between. i'm not

first deirdre bolton on the latest on the bank backlash. deirdre. reporter: that is right, david. very good to be with you. i'm here on capital hill. there are panel of ceos seven is of them from large banks, large financial institutions. we know the chairman of the house financial services committee, maxine waters, prior to the hearing, david, said she didn't want to vilify this group of people. she was downplaying potential for drama. this is a check-in after 10 years after the credit crisis. that being said there have been some feisty exchanges. one in particular from congresswoman velazquez. she is a dem from new york. she was trying to pin down the citigroup ceo about pay discrepancy. here is part of the exchange. >> citigroup has the dubious distinction of having the largest discrepancy between ceo compensation and median employee salary of any of the institutions present here today, a rashable, 486 to 1 ratio. does this ratio seem fair to you? >> [inaudible] >> i cannot hear you. >> congresswoman i don't think that is -- [inaudible]. reporter: you heard the ceo of citigroup

places like china, maybe not so much deirdre, thank you deirdre bosa following the listing for us thatthe exchange." that's it for me joining "power lunch" with tyler and melissa which begins right now. >> it sure does. new this day at 2:00, apple earnings rallying more than 40% from its low in january. we'll tell you three big things investors like you need to watch on this stock. plus, warren buffett making a $10 billion bet on the takeover battle in big oil. what's fueling it and should you follow buffet's moves here and taking on the valley in tech from miami, mr. 305. mr. worldwide pit bull joins us live and stocks under pressure this hour but the dow well off the triple digit lows as you see there. "power lunch" starts right now

deirdre bolton covering it all. joins from capitol hill with the latest. deirdre. reporter: indeed it was an interesting day, just wrapping up moments ago here, connell. chairwoman maxine waters leading the conversation, early on axing each of ceos, big bank or financial services company, if the business were more streamlined, safer and easier to manage than say financial crisis. here is part of that exchange. >> i'm concerned that several of these institutions are simply too big to manage their own operations, too big to serve our communities, and too big to care about the harm they have caused. reporter: so this morning's topics were pretty varied, connell. they reached from student loan debt to brexit preparedness to focus on consumer. this afternoon was clearly more consumer-focused, a lot of questions just how much money the banks are making by charging fees, to, overdraft protect fees and consumer fees. it got fiery with representative from texas, sylvia garcia and a few of the ceos. >> what percent of your revenues is fees? how tiny is tiny for you, may be m

i will go to deirdre first. go ahead.eporter: if you look at this rally, no other way to call it, the dow closing up in triple digits. here are movers, united technologies, jpmorgan chase, caterpillar. you notice a pattern. it is financials and a bet on the global economy at the very least. not being as bad as some investors appeared. manufacturing data out of china. strongest read in eight months time that gave market as boost at the open, they have not looked back since. overall markets financials, tears, industrials, these are the ones that carried the day even on the s&p 500. want to highlight one stock having a very opposite day. lyft, day two of trade. the stock is down more than 10% t started trading on friday. more and more people from the analyst community, this company has lot of sales but has not yet turned a profit. last year it lost $911 million. this does not exactly bode well for larger competitor uber which is slated to go public later this year. pinterest is another one a lot of people following tech are

these are -- let's bring on deirdre bosa >> aren't you in san francisco >> my very first "rapid fire". >> look at this. >> thank you for having me i ran from the new york stock exchange to be here. >> these are not hotel rooms or -- like 30 rock what's going on? >> this is a very good question. they don't want to call them hotel rooms but they're essentially like hotel rooms but they're apartments they have living rooms, kitchens. >> like a suite? >> a suite this is the biggest move airbnb has made into the hotel space. they've created these airbnb branded apartments that nobody lives there. >> she's working for this report on nightly business report so check your - >> for the local listings. >> it's so interesting watching the evolution of these business models when you started with airbnb, i have an extra room, going unused, if you need a room, come on over. now they're getting into the hotel business marriott is getting into their business. >> airbnb had to do this in new york city because the law is you can't rent out your apartment for less than 30 days unless a resident is stayi

deirdre bosa and leslie picker, are digging in what are the key things investors need to know >> you pages plus, but i would say the very first thing investors need to know is that this is the company that is fully in investment mode, chasing growth at all costs and may never make money. whether that be any businesses, ride share, food delivery, autonomous driving, freight, uber is going to be spending money to get market share. that said though, melissa and leslie, some of the markets are doing better than others north america, europe is a category leader but like india and south america, the competition is extremely fierce so it will have to keep spending heavily to fight off rivals. >> it feels almost like a melting ice cube in that they say for each line of business, the take rate or the percentage they actually take to the company is going to decrease in the near term. it seems like there's no path to profitability at all >> that's the key question investors are asking is can you turn on and off some sort of faucet or lever that would ultimately get them to that point of profita

deirdre bolton is live outside of the hearings with the latest. deirdre? reporter: hey, charles. you're exactly right. those seven ceos from the big banks and large financial institutions taking some questions, some exchanges, spicier than others but the topics really ranging from brexit prepareness to questions about to what extent are these banks punitive with credit card fees and debit fees and overdraft fees. also the issuance of student debt came up but one of the more fiery exchanges, let's call it that, democrat from new york, congresswoman velazquez pinning down the citigroup ceo on pay discrepancy. here is part of that exchange. >> citigroup has the dubious distinction of having the largest discrepancy between ceo compensation and median employee salary of any of the institutions present here today, a remarkable 486 to 1 ratio. does this ratio seem fair to you? >> [inaudible] >> i cannot hear you,. >> congresswoman that is not fair for me to judge. i would say i completely acknowledge i'm very fortunate. reporter: he goes through, said listen, i don't decide my own pay.

let's get to deirdre bolton and.he way in which is neither here or there. you have been over there a lot lately. what did you think of what you just heard? tom said it sounded like a capitulation to him. >> it really was. they started the cabinet meeting about 9:00 this morning and come out at 6:00. do the math. that's eight and a half hours. you knew something would come out of it. what came out of it was we throw up our hands. there is obviously no way through. this puts the ball back in the court of jeremy corbyn, leader of the opposition labour party. can you work with me, says mrs. may, to get something through. don't forget, they have to ask for another extension. the current deadline is april 12th, a week from friday. she says let's try and get something done before may 22nd because may 23rd, the europeans hold their parliament election. so the question becomes now what is corbyn going to demand in order to get this thing through. one of those scenarios would be whatever we agree to, let's put it back to the p

deirdre has them for us. deirdre? >> wilf, a miss on the top line but beating on the bottom.ng a hit, down as much as 4% in the afterhours. stock revenue up $18.2 billion versus $18.5 billion expected. keep in mind this is ibm's third straight quarter of shrinking sales year over year adjusted epps coming in two cents higher than the street was expecting $2.25. ibm has organized its revenue segments it has retired its strategic imperatives grouping which i mentioned. the closest thing to that would be cloud and cognitive software unit and we saw a big beat here, $5 billion versus the $4.1 billion forecast gross margins i want to point this out, falling short, 44.2%, versus 44.7% expected. epps guidance unchanged at least 13.90 versus 13.91 estimated on the call, investors want to know more about how it plans to integrate red hat this is one of the biggest technology acquisitions ever for $34 billion. ibm pairing its losses a little bit in the afterhours. guys >> deirdre, thanks very much for that down about 3%. mike, disappointment here get reacted to more pronounced ways. >>

deirdre bolton with more. reporter: all about guidance, you said it first quarter earnings.ut what is going. the stock i is down. company said current quarter would behalf of what wall street is looking for. 55 cents a share wall street looking for 99. and they talk about adding fewer subscribers in u.s. and overseas this well this quarter. looking at numbers 300 thousand new subscribers in u.s. and analyst were expecting 670 thousand over. overseas 4.7 million, analyst looking for 4.83. >> letter to shareholders, they have new streaming competition from apple and disney, they are not expecting a negative effect, we don't anticipate the new entrants will materially affect our growth because the transition from linear to demand entertainment is so massive, and differing nam nature of our conp offering, we believe we're only ones that can deliver. make take that bob iger and tim cook. apple past in last 52 weeks. disney the winner up 30%. a guide s&p 500, up 8.5% in that time. david: i think they are more concerned about disney than they are letting othank you deirdre. >> two

steve forbes, scott martin and austin -- a full crowd, but first deirdre bolton on capitol hill following the fear works. reporter: 7 ceos from major banks and financial services took big questions from financial service committee here on capitol hill, about safety and structural soundness of the institutions post credit crisis here is chairwoman maxine waters, asking that very question. >> i am concerned several of these enstutions are too big -- institutions are too big to manage their own operations to serve our communities and too big to care about the harm they have caused. reporter: various topics, afternoon heavy on the consumer angle. and to what extent that banks are profits from overdraft protection knees and consume -- fees and consumers are being punished. >> what percent of your revenues is fees? how tiny is tiny? >> less than 1%. >> no consumer business. >> chairwoman maxine water wraps the day, thanking the ceos, and called them captains of industry, said have you a lot of power, you have a lot of influence, and raised a call to arms, asking them to help the next generation

deirdre bosa, cnbc business news, san francisco.erview with the wall street journal he said he was very committed to being vetted for the role despite signs that a potential nomination would not be approved by the u.s. senate caryn stressed that new voices are needed at the feds >> jp morgan has appointed ai new cfo head of card services. jennifer will take over from marion lake who has been tipped as i successor to chief executive jaime diamond. lake will move into an operational role as head of the bank's consumer lending business sticking with the banks, morgan stanley beat profit in revenue estimates in the first quarter the bank generates a 2.4 billion dollars in quarterly profit thanks to better than expected results in 12 management and fixed income trading units moving on to another sticky topic here, protesters disrupted traffic in central london as the demanded action on climate change authorities had to physically remove one demonstrator who super glued himself to a train others glued their hands together outside of briti

>> deirdre, see you in a few minutes. talk about the markets.e're not fooling around on april fool's day with all major averages up big for the third day in a row but is the rally we've seen since christmass eve bottomed for real? or maybe a practical joke on this april the 1st? what other hoaxes might the markets be playing on us today? jason gates, ubs financial services. ranked new york's number one high net worth advisor by "forbes," in the best state and wealth advisors roundup. god to see you here on april fool's day. >> what better day to be here. melissa: don't talk to me about a hoax. this is not anything we should watch out for right? >> the markets no well, pun intend. market discounted friendly fed. it discounted forthcoming trade deal. the big question is, what happens in the second half of the year. it is show-me market, magnitude of the move up. susan: talk about movement of any. second quarter, here we are first day of the month, of the week, question, q2. isn't that why we're seeing the best rally we've seen in six weeks as well

deirdre, good to see you.und-raising, new first quarter numbers, steve kornacki joins us to break it down. you are watching velshi and ruehl on msnbc. with retirement planning and advice for what you need today and tomorrow. because when you're with fidelity, there's nothing to stop you from moving forward. because when you're with fidelity, you have 4.3 minutes this time,to yourself.rn. this calls for a taste of cheesecake. philadelphia cheesecake cups. rich, creamy cheesecake with real strawberries. find them with the refrigerated desserts. >>> welcome back to velshi & ruehl. and then there were 14. tim ryan announced he's throwing his hat officially in the ring and joining an already crowded field of 2020 democratic contenders. >> that's why i got into this race, because i would go to rural iowa where they're in a recession right now. farmers haven't made money in five years it looks and sounds a lot like the problems of the industrial midwest. it sounds a lot like the problems we're having in the deep sout

cnbc's deirdre bosa has all the details.re. >> hey, sara well, that one day shipping announcement taking most of the attention from yesterday's results. wall street analysts welcoming that move and saying it will drive future growth and keep amazon ahead of its competitors. investors seem to agree pushing amazon shares higher to more than a 25% gain so far this year markets essentially choosing to give amazon more leeway to fulfill some major ambitions as we heard on the call last night, one-day delivery is going to cost the company $800 million. it also comes as growth is slowing across the board north america sales grew 17% this quarter year over year. that's down from 46% a year ago. international took a major leg down growing just 9% year over year in q1 and aws amazon's profit engine it is somewhat moderating. but here's the thing other amazon has proved time and time again that its massive investments can deliver. aws and its echo devices were big moonshot bets once but they ultimately made amazon a leader in the cloud

deirdre? >> reporter: melissa, this is a story that could have major implications for the banks involved and the other tech ipos in the pipeline. here's what we know so far on the first day of trade, lyft shares fell as much as 12% on its second day there was a lot of chatter about short pressure on the shares from pre-ipo investors despite lock-up agreements that are meant to block them from betting against the company. the next day, april 2nd, lyft's lawyer sent to morgan stanley, bet against the stock. and copied the j.p. morgan and morgan stanley tech investment banking teams, also the lead lyft and uber underwriters respectively the letter which we did get a hold of asks morgan stanley to stop helping pre-ipo investors short the stock and hand over a list of all shareholders who are doing so, all pre-ipo shareholders threatened legal action morgan stanley, as we're reporting, adamantly denies wrongdoing and a spokesperson telling us any suggestion it engaged in an effort to apply short pr

thank you very much for helping us break it down, deirdre and david.e up 78 points as i hand it off to liz claman. liz: we have a lot of breaking news. i know you will be interested in this. we just got news about qualcomm. we will get that to you in a minute. >>> from paris, french president macron has now in just the last hour put a timeline on the famed notre dame cathedral opening its doors once gagain. macron telling crowds the 850-year-old monument will rise from the rubble within five years. the historic gothic church in tatters after a fire yesterday that incinerated much of the building. its roof, and in a scene that had many around the world gasping, melted the footings of that iconic spire which then collapsed. french ols

deirdre bosa joins us. >> amazon removing promotional spots.d down relocated on-site promotions for branded products. private labeled products like baby wipes and batteries this comes as amazon ramps up the number of its private labeled brands that has stoked concerns among sellers and brands that sell competing products on the amazon website. also comes as regulatory scrutiny of amazon and other tech giants ramped up. in an e-mail statement to c mbs amazon these are part of a broader experiments and the company constantly tests product placements. >> thanks. deirdre bosa bringing that to us. >>> coming up, he decides who gets to be in the dow and s&p. after 40 years nearly passing the baton to someone else. first, joins us on "the exchange" and we'll ask him how investing has changed the rentce wave of ipos and more with david blitzer, after this. so how are things with you guys? great. thank you. thank you, sir. lunch next week? terrific. say hi to the team. will do. call my office, i will. -sounds good. alrighty. servicenow. works for you. t

deirdre, thank you very much. appreciate it.oposal from democratic prodential hopeful, elizabeth warren, wants to slap a 7% tax on largest most profitable companies tweeting today, i'm proposing a real idea, tax the real profits companies report to investors. no loopholes, exemptions. make this the last year any company with massive profits pay zero federal taxes. as big banks kick off earnings season tomorrow in midst of hauling in record profits themselves. here to weigh in, pal schatz, the case for dividend growth author, david bahnsen. david, let me start with you, this new tax, she uses amazon as an example but it will hit 1200 companies. is there a problem though when a company like amazon paid zero federal taxes? >> no. listen, only reason they didn't pay taxes, cap-ex and r&d. those are not loopholes. they got rid of all the loopholes. they left two. wish they had gotten rid of. that's it. they're able to expense for capital expenditures. instant depreciation she doesn't like that, but way she is positioning it is very y

melissa: deirdre. we'll see you on "bulls & bears.">> i'm a young vibrant man. i don't know about joe. look at him. >> is he too old? >> i would never say anyone is too old. they're making me look very young, in terms of age and i think in terms of energy. i think you people know that better than anybody. >> if he looks young compared to me i should probably go home. connell: 2020 back and forth over age earlier today. at the same time we have new census numbers out showing youth voter turnout went up by incredible 79% in the midterms when you compare 2018 to 2014. we're joined by president, executive director, rock the vote, carolyn dewitt. you put those together. would be interest to see if 2020 is a big youth voter turnout. you have two or three very old men running for president. so how do you, how do you kind of work those two issues? >> well, i don't think it is necessarily about the age of a candidate. it really has to do, young people are, you know, really responsive to the fact that candidates are genuine, they're real when th

deirdre: so first and foremost, a lot of people want to know about price.st. disney has always intimated that it's going to be less than netflix which for the most popular membership is $13.99 per month. that gives you two log-ins, streaming simultaneously. we will see what disney will offer our viewers. you can see the price per month for amazon prime, netflix and hulu all side by side.

two more major names reporting earnings after the bell today josh lipton is covering intel for us deirdre bosa looking at amazon's results. and "fast money" trader guy adami here to talk about it, at headquarters. >> i'm fired up. did you feel the energy in this place? stock draft, bring your kids to work it is unbelievable >> it is funny -- >> and i've got my stock draft binder. >> well, no reading it put that aside for one more moment. >> i'll move that over. >> we want to talk to you about amazon and intel deirdre, kick things off for us here tell us what we're looking for after the bell for amazon. >> amazon obviously the behemoth reporting today. what investors really want to look at is the growth story. remember last quarter, it guided for this quarter a little bit below expectations, and the story here, though, is that growth of about 20% is good enough for most companies but not amazon, since amazon's valuation is higher than many of the big tech companies out there. so, amazon also said that this year they're going to be looking at spending more last year they sort of reaped the

here to discuss, deirdre bolton and russ. i want to start with you.to is always talking to. >> you sure. charles: catching china 5g, how realistic is it? fcc has a plan called, 5g fast. >> fast enough it will work out. >> i think it's tough. what this is basically equivalent saying hey we'll get to the moon in 10 years and it is going to be great. effectively china is way ahead in the competition. they have scale to pull it off. they have support from other countries to pull this off. so we're way, way far behind. it is great to present we'll do our best effort, it is good for our economy, yeah, there is a lot of work to do. charles: for that reason, deirdre, influential folks, karl rove, newt gingrich, telling or suggesting to the white house, forget the private sector. let this be a government driven program, you know, put all the resources you have, like the space race. the reason we won it because listen, kennedy said we can get there. we outspent, outhustled russia, outsmarted them. why can't we do that here? they don't seem to believe we can do

you know we do stay with us bring in deirdre bosa with some takes on how this sort of eliminates thencertainty and the worst case scenario would have been to divide those voting rights, right deirdre? >> reporter: that's right. i think the important thing throughout the divorce proceedings since we got the announcement is not just would jeff bezos be able to keep his vote in control but also, whether he would be distracted you haven't seen the share price, any major moves indicating shareholders thought he was lufziosing any kind of distraction but now can focus on the business with this settled and speaks to what investors speak to one of amazon's greatest strength which is stability at the top bezos got a team of executives that have been there for 20 plus years like andy and jeff i think this is all in all a good sign for investors. he can continue to focus on the company while retaining board control. >> the bezos empire, as defined by origin, washington, amazon, it remains in tact, firmly under his control. >> reporter: that's right. and he is the first biggest shareholder, afte

set, good morning, everyone i'm neil cavuto, thank you to david asman for filling in, and now to deirdre bolton on pricey promises from the prominent presidential candidates on the left on pushing what we speak. >> that is exactly right, neil, because elizabeth warren revealing how she plans to pay for universal programs such as health and child care and gave details this week so her premise is that corporate america can pay so her vision is to put a 7% tax on the largest most profitable companies who this is going to hit companies such as amazon about 1,200 others that she says are using loopholes and the tax code to pay zero or close to zero federal taxes. now senator warren has also suggested tax hikes on the wealthy. senator bernie sanders making headlines in a similar fashion rolling out his medicare for all plan, so economists say the expected cost would be between 25 and $35 trillion over 10 years and he says that higher payroll taxes and a 70% top income tax bracket and a 77% top death tax can all go towards paying for the program, so let's go further south in texas, beto o'rourk

deirdre bolton. thank you very, very much. >> thank you.sident is is saying right now he doesn't have anything one way or the other about julian assange. after bet, what, a decade, more like seven or eight years, whod whod -- holed up at ecuadorian embassy is looking at serious jail time and maybe here. after this. i'm working to keep the fire going for another 150 years. ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪ at adp we're designing a better way to work, so you can achieve what you're working for. ♪ i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awes

deirdre at new york stock exchange.s to talk about the house judiciary committee authorizing a vote to authorize subpoenas for the mueller report, democrats are calling for full report to be released unredacted as soon as possible. bring in former fbi agent. idea of getting this thing without redactions, doesn't seem realistic. what is the take should happen? >> what should happen is probably what is going to happen. we have an attorney general in bill barr, who is a straight-shooter and he recognizes very well we have a situation. there is grand jury material in that report and he knows, very well, that that cannot be released. it is forbidden. rule 6-e of the federal rules of criminal procedure forbid that. connell: we've been talking, from our perspective about the president kind of moving beyond this, you know, whether it is the stock market or the economy or other policies. now that the conclusions are out, how do you move beyond it, you need to release as much of the report as possible. otherwise people keep bring

deirdre bosa joins us with more. deirdre?xa mobile is key for amazon if it wants to compete with apple's siri and google's assistant and of course keep its early lead in voice-based computing. wireless ear buds would be the logical way for amazon to do so and move alexa beyond the home short of making a smartphone which amazon has of course already tried. so reports it is getting ready to launch alexa-powered ear buds should come as no surprise its success, though, is another matter two key questions here one, can amazon create a product that is as popular as the air pods google's first attempt at the pixel pods were a flop another question, will they have to pair with smartphones and therefore work through apple or google operating systems gardner analyst vana gortz says untethering it from phones may be possible but it could come at the expense of battery life and size but if amazon does find a way he says it would make them totally disruptive that's the best way to think of this and werner alluded to this as others, is lik

subscribers netflix said it has across the globe, future guidant had the stock down in after hours, deirdre bolton with the latest. reporter: right. netflix for first quarter, exceeding wall street expectations top and bottom line be but problem is going forward, they issue light guidance for current quarter, they said that earnings would be about half of what wall street was expecting, they will earn about 55 cents a share, and wall street looking for 99 cents a share, and also about net add subscribers, how many new people, it will be few nir u.s. anfewer in use and ove. there is a difference. and as for overseas, 4.7, wall street looking for 4.83 million in letter to shareholder at the tim--netflix addressed it has me and more competition on-line, and does not expect a negative effect from apple stream or disney. it compares linear viewing to streaming. in same way that broadcast cable was in the 80s, and 90s. we don't anticipate the new entrance will affect our growth, transition from le lengthier on demand is so massive. massive. >> take that bob iger and tim cook. just for record, you

disney bought a whole host and range of film and tv assets from 21st century box, deirdre bolton. reporter: this investor day, web cast for those of us not on west coast is happening right now, disney is likely to bundle espn plus, an hulu perhaps at a discounted price. disney plus is going to have family friendly content, as a separate unit. think tar wars and marvel and "national geographics," a lot of consumers' to know it will be more or less evensive than internet for example, in the past disney itself -- most popular maybe is about 13 dollar among. disney will have less con10 if you like. when the meeting picks up, i'll send you more headlines. elizabeth: tee deed teed thank . >> we have our eyes on other stories. former white house council under barack obama now indicted as part of anestgation. >> greg craig for work he did for ukraine different while working at a consultant with paul manafort,. he is changed with making a fall statement. statement. >> afghanista michael avenatti n charges, according to new grand jury indictment unsealed in los angeles, fed say that michael

cheryl: deirdre bolton diging into the report for us. >> reporter: netflix reported numbers that beat numbers on the earnings and sales front. the stock fell after reporting because of the light guidance. the company said that in its current quarter, earnings will be about half of previous estimates. netflix says it will earn 55-cents per share versus wall street's estimate for 99-cents per share. the company said it will add fewer subscribers in the current quarter, both overseas and in the us. going over the numbers, netflix says it will add 300,000 new subscribers in the u.s. analysts had expected 670,000. they said it will add 4.7 million new overseas subscribers. in its letter to shareholders, the company did address new streaming competition from apple and disney, saying it does not expect a negative effect on its subscriber growth. netflix compared the shift from linear viewing to streaming from that from broadcast to cable in the 1980s and '90s. we don't anticipate these new entrants will materially affect our growth from the transition from linear to on-demand entertainment i

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of diverse case but, i am not going to hide it >> let's get some details on slack actually s1 our deirdreosa >> yes, as we have been reporting, it will be a direct listing. no lyft building or under writer the company can take it because it is well capitalized spotify was a high profile and had done it in the past. it is a club base messaging company. zoom has gained the viral adoption among companies looking at some of the numbers here, 10 million worldwide daily active users in more than 150 countries, 88,000 of them are paid customers they saw $4.5 million in revenue last year. $139 million in net loss last year that's a small improvement but pretty much in line with the previous two years this is as company that is losing money, slack's last value at $1. billion we reported yesterday they have been trading at a range of 26 or $28 per share in recent weeks. that'll put the value at nearly $17 billion. guys, we'll continue to go through this and bringing more details as we have there are a lot of obviously numbers to go through here this is expected to be an exciting company and enterpr

>> deirdre bosa, great discussion, thank you very much. >>> here's what's ahead on the exchange >> coming up, cannabis consolidation heats up could big changes be coming to the tobacco world? >>> plus, a recycleable sneaker. and a fold fair, that's all ahead in rapid fire. we see homes staying cooler without the planet getting warmer. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> let's catch you up on a few stories that should be on your radar right now. rapid fire, we have bill griffith, kate rogers, frank colin, only one of u.s. will emerge alive >> are we going to get a word in edgewise here, my friend >> i want to survive >> you win mitch mcconnell announcing a bill that will pump the national minimum age from 18 to 21. it's a bill, not a law yet it would also apply to vapping products we should know, some states in america have a minimum age of 21 this would be a symbolic move. it's your beat here, what's the reaction what do you think. >> here's the thing, a lot of stats we can throw o