ninety's was perhaps less omnipresent but it was decentralized now most of our lives are facebook apple amazon netflix google just a handful of companies do you see the danger in this one implication any kind of monoplane sation introduces of course problems and this is not new we have seen it before in a number of industries how one or two sometimes three companies totally dominate an industry we have seen it in the motive industry we don't handful of players dominating the industry we saw it in the oil and gas industry one hundred years ago we have seen it in the telecom industry so this is not the first time that one two or three companies totally dominate an industry and what has happened is either of two things either technological development has you know made some of these. giants more or less obsolete because new technologies have introduced new players so that's one thing that tend to happen another thing that tend to happen is that we go after d.s. giants with the law book of law and basically break them up and this has happened before companies have been broken up monopolies are usually a bad idea

in fact, all of these, the "fang" stocks we call them, facebook, amazon, apple, facebook, amazon, netflix, alphabet google, microsoft all at record highs today. now i will bring you to apple. apple a different story today under a little bit of pressure today down .3% closing at 174 and change under the microscope about youth phone addiction. i don't know, how many of you at home have children really into their phones? half of the teenagers say they are addicted to their phones. jana partners a big shareholder and calsters asking apple to take a close look at mental health and the addiction of using a phone, this came front and center when selina gomez, the famous starks, she was experiencing depression and checked in for therapy to low self-esteem which she attributed to certain extent to social media. what is healthy and what is not? what is the phone really for? back to you. david: one thing is healthy, the tax overhaul, the president is about to talk about the regulatory overhaul which really concerns folks in rural america. that is the president's base. it will be very interesting to hear what he has

after prolonged period where facebook, apple, amazon, netflix and google, they were taking a nap, too. like today there has been a fire lit underneath them all day. we talk about profit taking. the stocks indicate profit taking over 2017. how do i know this in the morning's research we didn't get anything about facebook or amazon, nothing. those stocks rallied $5, $19 and $20 respectively. positive narrative about netflix. apparently people around the world like netflix, who knew app apple got defense about battery gate and suggesting sales are on plan allowing stock to advance three bucks. that is a big difference from the survey indicating apple's new phone sales have fallen behind. how many times have you heard these negative surveys i think they faked out people dozens of times. they are classic buy high, sell low generators. i can't remember one that was ever positive. and battery gate. most amazing thing is people thought apple would just hang customers out to dry. as i always say apple is the only consumer product company which means it wants customer satisfaction. that is what

the "fang" stocks, facebook, apple, amazon, google, microsoft, netflix, hitting all-time highs on fridaytion, can they continue? my personal opinion for what it is worth? yes. i think a lot of these companies are getting into new markets. the potential foot print of any of them are so big especially amazon. amazon is going to have 500,000 employees by the end of this year. that is second only to walmart. and they're just beginning. they bought whole foods. they got into the food space. they're getting into furniture and office services. a thing i heard from colleague at ces, there are smarter bathrooms. a lot of potential jokes in there, but mirrors tell you, hey, call a dermatologist. something looks -- a lot coming for our health. a lot coming for artificial intelligence. a lot coming from consumer point of view. if you can do augmented reality try out couch in the living room through your phone, why not? neil: shanna, i thought that was built in run up to a lot of these stocks enjoyed? >> i question, with, i agree with you on that. usually i play the opposite side but i wonder, no, i

netflix. he's not buying amazon and certainly he isn't buying apple or google or facebook. so what is he left to do? what he's left to do is sell. so he played it well. >> he did as he's played a lot of things well. where does it leave the country -- >> the ordinary person? >> the ordinary person, yes. >> everybody is going to work for the man. >> for the man? >> yeah, for sure. because you can't really build -- i don't believe any of these entrepreneurial things are no longer possible in big, let's call it, media. >> what do you make of the trump effect on the media and the business landscape right now. you've got 60 seconds, barry diller, i know you can do it. >> to do that one? what do i make of it? i make bad of it. it's terrible. the question to me is not trump. we'll pass trump. obviously we'll pass him. hopefully sooner than later but what comes after? have we degraded things that, in fact, we will get more of this or hopefully what we will get is essentially a rebalancing act where decency, dignity, every value that you can think of is emphasized in the future but i

last week, of course, a good weekend for apple on the possibility the iphone x is not doing quite as well as some might like. facebook, amazon, netflix, google doing very well. netflix up almost 5%, really having a big day after shares were upgraded to outperform. the analyst there really believing they could take over from a subscription standpoint. what really stands out, last november,e end of they looked a little bit wobbly with web the longest losing stretches and about 13 months, but we have a chart to show that 2018 really started off in a pretty bullish way for these banks stocks. take a look at this move higher for the merrill lynch index, up .bout 2.75% that was driven by amazon results, breaking sort of this stalemate that we saw at the end of december. seems some of that could have had to do with investors letting the big gains of 2017 ride and now that we are looking at a new year, the bulls are back. tech coming in hot in 2018. i'm sure you will have lots to talk about this year. our stocks reporter there. coming up, tesla reports fourth-quarter sales and production later this week. will it shed light on the model three's produ

apple, which is a member of the dow hit an all-time high. google, microsoft, netflix, amazon. left out of the mix is facebook. those shares down pretty sharply, basically overhauling the news feed which is good if you want to feel warm and fuzzy, get updates from family and friends. not so good if you're advertiser, publication or a brand. david, melissa. david: i want facebook to make me rich. not to make me warm and fuzz did i h sy. -- fuzzy. that is the problem with facebook today. >>> bring in today's panel. jack hough from "barron's." heather zumarriaga. it does not care what is happening in politics, does it? >> it does not. cyclicals, industrials, energy, david, across the board are really rallying. investors are fearing they're missing out. massive inflow into equity mutual fund, as well as etfs and is a trend continuing foreseeable future, next few months, because this tax plan is playing out in the markets. we'll hear about it in earnings and how that is impacting the bottom line. david: jack, are investors nervous or are they confident right now because sometimes you get this high you are nervous a

facebook, you have amazon, okay netflix a little bit lower today which is surprising because i'm sure a lot of people at home basically binge watching on netflix right now. you have google's parent alphabet, applemicrosoft up, up, up. keep in mind as well the nasdaq gained 30% last year. so, again, all of these gains on top of what we already saw in 2017. so whether or not these gains continue, of course, that's the biggest question out there for stock investors. bulls say the lower corporate taxes going to help companies. a lot of these companies included because they have a lot of cash overseas. they will be able to repatriot a lot of money for a one time low fee of 15.5%. and then in the future, these tech companies are not going to pay taxes on revenue they earn overseas. so more or less this finally brings u.s. corporations in line with most other industrialized nations just as far as treatment of overseas revenue goes. also, neil, as you note tomorrow morning we're going to get a new jobs report. economists that we spoke to that spoke to our colleagues as well at the wall street journal, they say payroll probably grew again last month. 180,000 with even fewer layoffs. so for the moment, s