but much of the world runs on ibm, ibm mainframes, ibmi, ibm power systems run much of the world's business. when you make a credit card transaction, that's more than likely, 90% chance or higher is running on an ibm system. and a lot of the infrastructure of the world runs on ibm. ♪ >> ibm is an 108-year-old company, which i think is an amazing feat in this industry, that not only have we survived 108 years, but we've thrived. ♪ >> thomas watson senior was our founder of ibm back in 1911. ibm stands for international usiness machines, and it's all about supporting business and making business more productive. back when ibm was founded, we were making meat scales, simple tabulating machines, clocks, so we've come a long way. ibm has expanded over time. we were a new york-based company. a lot of our business was customers along the east coast of the united states. one of thomas watson senior's early visions was, and why he called us international business machines, was that he wanted to be a global company. that's expanding within the u.s., but also around the globe. that was different for a

ibm's name does not come up first. customers are probably still looking more to amazon to help them do this but ibm has a shot here and a services company. they claim for every dollar spent on infrastructure, $2 to $5 spent on services they need to show the street they're taking advantage of that the first quarter of the year. i don't expect huge fireworks but see a fairly clean quarter >> so much placed a lot of pressure on ibm and ceo about the idea these growth initiatives need to show something. cloud, ai, everything else so is there a chance in this earnings report coming up that we actually do see that revenue trend really in a positive direction? >> well, probably not the revenue because revenue we expect is down 3% reported you've got currency head wind and they are in the downside of their mainframe cycle. so i don't expect to see a real upside in revenue. i would expect to see some margin improvement and that would be kind of my focus for this quarter i think as we get later in the year and they potentially m

on much of the world runs ibm. ibm mainframes. ibm power systems.y run much of the world's business. carden you make a credit transaction, it is more than likely a 90% chance or higher that it is running on an ibm system and a lot of the infrastructure of the world runs on ibm. so ibm is a 108-year-old company, an amazing feat in this industry that not only we have survived but we have thrive. -- thrived. ♪ was our founder of ibm back in 1911. ibm stands for international business machine. it is all about supporting business and making business more productive. back when ibm was founded, we , simpleing meat scales tabulating machines, clocks. we would come along way. ibm's expansion over time, a lot of our business was customers on the east coast of the united states. watson'sne of thomas toly visions, was he wanted be a global company. that is expanding within the u.s. but also around the globe. i think that was different for a lot of companies back then. system gentleman is three. the computer for the businessman who never thought he could afford

scarlet: we just got ibm, sorry. revenue, $18.2 billion, missing the mark that analysts were looking for of $18.4 billion. ibm reaffirmed full-year eps and cash flow views, so i suppose that is good news, but you are seeing the immediate reaction of a decline here, perhaps because of the miss on first quarter revenue. $2.25, slightly higher than the expected $2.22. caroline: a company still trying to make inroads into cloud computing, trying to fend off the winners, amazon at the moment, microsoft doing well. billion, cloud revenue up 10% over the last 12 months, down from a 12% gain. people are worried about the slowing growth. joe: the deceleration. sarah? sarah: when you think of netflix and ibm, they are both companies, you think of communications services, big companies, tech. but netflix, the story is really about subscriber growth, more specific to netflix and competitors like disney plus, hbo, et cetera. with ibm, this is really about cloud growth, and a lot of people are focusing on the redhat acquisition, h

deirdre bosa watching for ibm numbers.ting for results from railroad csx and phil lebeau monitoring united continental. we'll bring you the numbers as soon as they hit and instant analysis joining us to talk about the market, peter, global chief market strategist and head of strategy at cantor fitzgerald. jon fortt is here to break down the tech earnings. and mike santoli with us as always what happened is this looked like it was going to be -- we were on record high watch this morning. >> i would say the market was flatish all day and closed almost exactly flat. certainly a slight upside bias but because the market has been inching and oozing towards the old record highs i guess when all else fails and no other outside influence earnings season always have the offsetting currents and that's the case today you lost the leadership of some of the real growth stock favorites. software was soft today. the yield plays, right utilities as well as real estate were lower because treasury yields are picking up. is it a tired market

stay with ibm?we already said jim already said that he's staying here. he's here. >> i want to be sure >> he's going to run red hat and report to our ceo. so there will be an entity within ibm. >> one last thing on the revenues, any area that is weaker, asia, far east i did expect the revenues to be better >> yes, there is geographic element to this. i would say it this way. our clients are, you know, they make big commitmentes to our platform when do you that, it doesn't suit a 90-day period it just doesn't. >> true. >> so for us, and our teams, you know, obviously our clients are thoughtful, trying to make sure they're doing the right thing, getting the right deal we're also -- there is an ability for us we can close deals faster. we give something away it doesn't make sense, right so again, i'm the sales person i'm in the middle of the deals, i know my sales teams. yes, some deals -- the phenomena i describe happens in different places it happened in asia this quarter. so with all the deals are i

check out shares of ibm. the stock has been on a tear all year we'll tell you what's driving this move. >>> weed week continues on "fast money" and we'll talk tohe t ceo of a company bringing luxury to the cannabis space much more coming up next you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org >>> welcome back to "fast money "qwest we ha we have an earnings report on ibm. deidre boaz has details. >> ibm is struggle toing shift the business and putting the focus clearly on cloud investors are very eager to hear how it plans to incorporate the company especially as its organic cloud growth slowed this quarter. on the earnings call jim cavanaugh, the cfo telling investors how they're getting parts of the business ready. have a listen. >> we have a strong foundation for the addition o

ibm still needs that time. they need that time for red hat tore something that's part of the earnings story the growth story the revenue story. >> i go back, guys, throw up the five year again for me >> $200 down to $140 >> down like 26% or whatever it was. i recall wasn't it stan drukenmiller at our delivering alpha, and probably five years ago, he got on stage and talked about this company as buybacks here, buybacks there, buybacks everywhere, business not doing great and it's not going to be doing great and here we are some five years or so later and the stock is down 26%. at what point, pete, do you throw in the towel >> i think the fact that it's made this turn, i think, and you look at -- i mean, i know we're all looking at five year, that's great. red hat wasn't even a thought five years ago let's just think about what this stock has done year to date and you look at that and you say, you know what, the acquisition that was announced back in october, we had that huge drop in december and look at where th

you say ibm. it pretty much the generational stuff double matter >> i will tell you on generational issues, one misconception people have is people's ability to learn and transform is directly related to their age. that is -- we have found that to be absolutely not true the same percentage of people who can transform irrespective of age, absolutely. >> it's the older people -- >> those are stereotypes and it's absolutely not true in what we have found, and i, by the way, have found it very true on consumerism, pushing everything to be consumerism. i have found that true across the entire work force by segments so do i think many -- this idea of consumerism is especially for a consumerism? business to business can often b-complex. we've had to internalize this is why there are 20,000 design jeers i believe we may have the largest number in any corporate in one of the best programs in how do this. and it was to bring in that idea of design thinking, sort of outside inempathy, simplity versus an engi

they are kind of in the middle of a netflix or ibm.cerned about these ipos that have been coming with no prospect. in perspectives, huber says we may never be profitable -- uber says we may never be profitable. that is not a business we want to play in. david: coming up, johnson & johnson shares gaining in premarket after showing a beat in the first quarter. their chief financial officer want us next. -- joins usmberg next. this is bloomberg. ♪ ♪ david: time now to focus on the khamenei worth watching this morning. johnson & johnson shares -- on the company's worth watching this morning. johnson & johnson shares rising after the company beat earnings for the first quarter. olk,ing us is joseph v cfo for the company -- joseph wolk, cfo for the comedy. . -- for the company. this is based on prescription earnings, right? guest: i think that is fair. we are looking forward to 2020 to be at market performance are better come about prescription drugs did perform very well across all of our therapeutic areas. not just for the short-term data,

ibm, they think this is the last for ibm to- chance make a relative gain in the tech world.verything that they were selling before has not forced them to grow at the pace of the software or even services industry. having said that, the environment is good right now and people are spending a lot on technology, so we don't expect surprises coming out of their earnings. they have the experience, what is lacking? what's the speed? speed of change is the thing. nobody expected the world to change at this pace. ibm, hp, dell, they had a lot of portfolio that i would say the legacy work, people are not buying it is much. people are purchasing more cloud applications, infrastructure, ai kinds of things, that is where some of these companies have lagged and the legacy products are bringing down the growth rates of their newer offerings. vonnie: is [indiscernible] doing a good job? anurag: i would have loved to have seen this red hat acquisition done a few years ago, but i still feel that this is the one last chance left for them to show that they can still, you know, be involved in t

ibm. i think this will be a sleeper going into the earnings. lot of people have been downplaying this stock. they are concerned the earnings are going to be hit by a lot of currency fluctuations in trade but i think they are going to do better than people think. i don't think they were hit as hard as the market thinks. on top of that, president trump's announcement on 5g i think their outlook on 5g is going to be very optimistic in this earnings announcement for the future, because there's going to be a lot of money invested in 5g. ibm is well positioned because basically, half of all the infrastructure in the world is serviced by ibm. so ibm could get a boost off this as long as they don't get hit too hard by those currency fluctuations. the outlook is very good for ibm. liz: you don't often hear ibm used in the same sentence as 5g but that's why we love our traders. they give you the scoop. alan, anything you would buy ahead of an earnings report coming out this week? >> i'm like scott,

. >>> ibm, one of the best performing dow stocks this year.he company reported a revenue miss as results from the cloud business cooled off. big blue earned $2.25 a share, 3 cents above expectations, but m revenue fell f year ago to $18 billion and the stock was volatile in initial after-hos trading and deidre bossa has more oish's number. the latest reports show it's still druggeling to f shift its busine away from legacy engines that are slowing. for a third straight quarter sales fell and thatth furer disappointi investors after a brief window where it grew revenue and there was hope that ibm had finally turned a corner under the ceo, and the company's acquisition of r hat and it'lo big cud play and one of the largest tech acquisitions ever for a $34 billion. it's expected to close in the second half of the year and investors are eager to hear how ibm plans to integrate it into the larger business. for now, it's segment that includes cloud computing and it's struggling to grow. for nightly business report, i'm deidre bossa, san francisco. >

that's ibm for you. netflix, they lowered their forecast for subscriber growth, i think in the united states, but the stock is up this morning. susan: it plunged 9% after hours so you know a lot of volatility at play. netflix is probably a victim of their own success, when you have gotten as big as netflix, people want more. they are still looking at record subscriber growth for this year, for the first quarter, they beat expectations, most of that international. so there's a saturation in the u.s. domestic market. for the second quarter, they are still forecasting to add around five million subscribers. there is churn because of higher subscription fees, they raised the price to $13, you want to watch on multi screens. also, the coming summer months so people maybe not subscribing to netflix as much as well. still, the stock is up 30% on the year, bit of volatility after hours but can't stop -- stuart: that's a turn-around. it was down, now it's up $9. susan: there is also a lot of competition. disney i

and want to get ahead of ibm's earnings this is the place. "the halftime report" investment committee is ready to weigh in now, here's scott wapner >> welcome, good to have you with us on this tuesday, here to debate and trade the big stories of the day thus far, jim, stephanie, john and pete najarian we begin with the markets, stocks moving closer to those new records after earnings beats and at least one big market watcher says stocks could be about to take off. >> i think we have a risk of a melt-up, not a meltdown here despite where the markets are, and equities, we have not seen money being put to work. we have record amounts of money in cash. we still see outflows and retail inequities we still see outflows institutionally. >> all right, pete, the nonbelievers are going to become believers, according to larry fink >> i think he's right. i mean, generally, talking about this for a while now, scott. i mean, we've talked about the fact, especially as we've gotten into a lower volatility environment it's given people an opportunity now to n

so, our legacy in ibm rochester is hardware development and manufacturing. ibm's business has transformed and we are now a cloud company, an ai company, and a security company. while hardware is still important, our company has evolved into many other areas. and our site here has evolved and reinvented itself many times over the years. and now we have a hybrid cloud team, a watson health team, a finance center. we still do hardware development, which is important for us. we have a patent center. we're a diverse site. while were proud of manufacturing and developing history we're strategic for ibm , in the future and involved -- and have evolved as a location. >> rochester, minnesota is one of many cities we toured to explore the american story. to watch more of our visit to rochester and other cities, go to watch our other cities, go to c-span.org/citiestour. you're watching american history tv, all weekend, every weekend, on c-span3. to join the conversation, like us on facebook.com/cspanhistory. week, american artifacts visits historic places. the women'si

>> hold on you bought ibm >> i did i bought ibm. >> you told me you would rather lose money somewhere else. we talked about this last fall. >> that's still probably going to be true here's the bad news for you is that i sometimes make mistakes sometimes. >> every once in a while it happens. >> you did say they come in threes there was duke and then lyft and now maybe ibm. i don't know. >> but 4 1/2% dividend. >> we don't have to start about this my rating is gold. >> you weren't here. >> forget about that >> a gift that keeps on giving. >> my daughter, who is with me in d.c. was in minneapolis yesterday staying in a hotel with the enemy. >> great >> anyway, so ibm. the way i look at it, yesterday the yield was good but i think with the ten-year moving wire past the yield part of it. still a great return i think it would bebizarre if they yet again made a mistake in their guidance for one and number two, number two, ai is really making a big move. their legacy businesses are not so good but at this point it's so universally hated i'm looking for catch-up i would like to be in core posi

ibm's team teaches people how to prevent and recognize hacks. he says the emails come with attachments that can infect your computer with malware. >> unfortunately, people still click on emails and links that they are not familiar with or should not be doing. that is why these tricks still work and are out there. >> a simple click can give scammers access to your computer. next they are waiting for you to go out to your bank account. >> what you notice that is off about this? >> look down here, you see.com. if i zoom in, it looks like it is coming from this. >> if you are not sure, do not click. pertsay sile mistakes can up. taxpayers $1.5 billn. >> the saint regis debuted a ersoed afternoon experience that celebrates east meets west traditions. customers can choose from a selection of limited-edition tea , sweet and savory treats are influenced by japanese culture and include mentee and much of flavors. >> is a beautiful month to celebrate culture. >> it looks good. >> tasty. >> i need it. >>> we loved the weekend, it was one. now it will chang

ibm cloud. at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> i'm bob wright the president of nbc i would like to welcome you to the most significant programming effort nbc has ever undertaken outside of the network the consumer news and business channel. cnbc we're well aware that cnbc can only succeed by becoming an important part the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. >>> new data from the national fed rated of independent b

for ibm given what they reported we know you have a hold. what gets it to be a buy >> i think there's a developing bullish case potentially you're beginning to see services margins targeted nv it's about cloud can ibm become more relevant in chapter two of the cloud chapter one was setting up the public clouds. chapter two is helping large enterprises move their enterprise workloads into hybrid cloud and ibm may have more to say to say about that. i'm not convinced about that, but i would say there is at least a developing bull thesis even with the revenue short fall, it wasn't the find we saw over the last couple years from ibm. the business is stabilizing. >> steve, we'll see you tomorrow thanks >> i want my regular spot. >> keep it warm for you. thank you. >> thank you >> are you ready for this? the power lunch stock draft is just a little more than a week away in minutes we're going to pick the draft order. this year's showdown has it all. bethany and mr. wonderful are back bobby flay is in it's cooking and the returning champ nick lowry

ibm results. gerri willis has those for us. gerri. reporter: connell split decision. 22.25 a share for earnings -- 2.25 a share for earnings. they're missing on the top line. this is the story we've seen time and again. beat on the bottom line, a miss on the top line. but here's the good news, ibm is maintaining eps for the year. so no negative guidance for the year. it is positive, maintainingfied dance on cash flow. but stock down after hours. after being higher it is negative, down 1.65% as you can see right here. the stock had been up since the last earnings report january 17%. they're betting big, big on the cloud. this should be important with 5g coming but in this earnings report tonight they're maintaining earnings guidance for the year. this is what people are looking at when you look at these earnings reports. a beat on eps, a miss on revenue. back to you. connell: ibm, netflix, both selling off. gerri, thanks. melissa: we'll have more of senator bernie sanders comments from the very heated fox news town hall last night and

ibm is down. of course they were light on revenues over in europe they had outstanding numbers and was basically also calling a bottom saying things will be improving in the second half of the year industrials are strong boeing finally getting materials. that's a problem everyone is astonished that this story medicare for all seems to have traction. united health saying this is very broadly owned company and stock. it's up -- there's a five year we're talking about 100 3% gain in the last four years and looking a little bit vulnerable but that's the other reason besides ibm that dow is down dow is down but the s&p is to the upside. >> thank you very much rick santelli in chicago good morning. >> good morning. >> a week ago we had a low yield of around 246. we're hovering 259-260 it's been orderly and very steady and many technicians of course are pointing to the fact that it looks like a wave pattern going on look at a two-year chart these are areas that can hold. we have a lot of history here fro

that closes as expected and ibm has said that is on track.ge the narrative about growth when they condition investors now to look at cloud and way from strategic imperatives, does that red hat enterprise-based revenue really start to change the growth trajectory we will see. >> it's pretty incredible. i realize today's slide in the shares, you know, after these numbers it slipped a little bit in the rankings, but still one of the best performing stocks in the dow year to date after years of being one of the dogs of the dow. do you think that investors and analysts are seeing this as a wait and see given the red hat acquisition? >> i think that's fair to say and it's only a couple weeks worth of gains given up. it's been a strong year for a lot of companies we'll see how it performance in the back half, especially given the number of different changes we're seeing across the tech landscape. we've been talking about subscriptions on the consumer side we've got a number of shifts when it comes to equipment and enterprise we've talked about qualc

company ibm has been in rochester, minnesota since the 1950's. coming up, we'll take you inside the facility to learn about the innovations that happened here that have an impact on your lives everyday. >> back in 1956, rochester was a city of about 30,000 people. it had the mayo clinic. and business leaders in town put together a group to look at how can we attract new business to rochester. at the same time, ibm was looking for a midwest location for expansion. >> i think we picked the site because it's within 300 miles of the center of our market and our people think that it's the nicest town within that 300 mile radius for the location of the ibm plant. we found unusually fine recreational facilities here, unusually fine educational facilities, and i think

they were the ones who worked on ibm's like this. the ibm 1620 the women affectionately named cora. this group of women at jpl wrote the very first program that sent american spacecraft to the moon and planets. and they do it on cards like this. in my research, i was really curious as to why this is, why jpl was so different from other many of these other nasa centers. what i found was that at most nasa centers, they were formed for military basis, so the culture was very different than at jpl, which was formed by the suicide squad. because of its association with caltech, it only had a quirky academic feel. and it still does today. it still feels very different. despite working in such a progressive place, the women of course were still subject to gender norms of the day, and one of those that i found most surprising were the beauty contests. the lab held miss guided missile, later renamed the queen of outer space. women from all over the lab would compete in these contests. my favorite beauty contest story 1964, as part of the ranger series of missions. missionsa series of whose g

be avoiding this one. >> maybe this could be a value play >> it could be a value trap, too, melissa ibm to me, despite the fact that it's an interesting valuation, they've seemed to begun turning this titanic it's not the titanic, but it's certainly nothing to get excited about in terms of earnings growth or positioning, frankly at one point it was a bitcoin play and i don't know what's going on >> anymore >> no, they have a block chain division they make an awful lot of announcements and again, it's the growth to go back to the titanic and it trades like it has an anchor around it and it just doesn't trade well and i'm a fader. >> i'll play the game correctly and i'll say trade it although i'm not predisposed to ibm and it's sort of -- it's changed your stock >> it's in your head and it's been mulling around in my head and we used to have the power pitch and we power pitched the red hat and what did ibm go and do they bought red hat. remember that whole thing? maybe that was their hail mary and maybe they overpaid through the nose and maybe that gets them through the 21st century and j

breaking hearts over and over of people who try to believe in ibm coming back. so what did ibm say? it is blaming lackluster demand for the mainframe computers and the stronger dollar. so that's what ibm is saying, down about $5.81 right now at $139.32. at this time, exactly yesterday, top of the show, remember i said breaking news qualcomm? qualcomm's stock took off like a rocket ship yesterday and still trading higher into the stratosphere. yesterday it gained more than 20% within, what, 58 minutes? and now you see it, it is adding another 12 1/4%. the company tacking on 30 billion dollars to its market value after resolving its legal battle with apple. now the resolution means that qualcomm is cleared to reign over the 5g phone chip space. brokerages rushed in to upgrade the stock. while they didn't reveal the terms of the deal, analysts are estimating that apple withhold royalty payments and worked out to about 2 bucks per share. there are reports that huawei may be next to settle with qualcomm. the sky's the limit at the moment for qualcomm stock, standing at a nice move to thi

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ibm, writing at software, i made the transition from being an engineer to sales and marketing, becauseg with people and i could leverage what i learned about software, but now i could engage with people and bring it to life for them in their business. as part of that journey, i began to see the emergence of this huge new trend. the democratization of computing and the graphical user interface and how this was no longer going to be something inside a data center that only large corporations have. andd: you mentioned ibm microsoft, there is a fair amount of creative destruction involved in those companies, including around the time you were there. what did you take away from those experiences? kevin: the technology industry has this unique property in that it goes -- waves of innovation hit the market, and those waves -- the new thing disrupts the old thing. it builds on top of the old thing. viewrt of reinforces the that if you are not constantly doing,ning what you are consumer behavior, technology, changes in the world, a dynamic economy, a dynamic geopolitical situation can leave you

ibm watson. it's a revolution in sleep.side to keep you both comfortable. and snoring? how smart is that? smarter sleep. so you can come out swinging, maintain your inner focus, and wake up rested and ready for anything. sleep number is ranked #1 in customer satisfaction with mattresses by j. d. power. save $400 on select sleep number 360 smart beds. only for a limited time. >> welcome back we are watching interest rates more than 300 trillion dollars in the financial contracts tied to london interbank offered rate libor to end 202 alternative rates phased in not without major interestings challenges american financial exchange mill 10 institute senior fellow, thanks for joining us. >> pleasure to be here, maria. >> you are a legend in the business, you are a leading figure behind creation of futures market in 70s now joining this rays to replace libor tell me about that explain to us --. >> 2011 we saw that royal bank of scotland fired four people for manipulating libor, so i got the team together, and said, this is not go

, following ibm's grandma earnings as well.s well. revenue just not meeting expectations. the 10 year yield still about 2.59, up just another basis points. the vix is quiet, and the dollar index just below 97. guy: let's talk about what is happening in europe as we approach the end of trading. we are around half an hour away from the end of the regular session. what we have seen is something of a reaction to china. the stoxx 600 trading a little bit higher today, but the dax is outperforming, up by around six tense of 1%. the cac having a reasonably good day in paris, part of this down to the china story. cars are outperforming invoices like germany, but the mining sector is underperforming in places like london. this is what the currency market is doing. you saw a big downgrade to german gross today. the pound under a little bit of pressure, down by 1/10 of 1%. this is bloomberg ♪. -- this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you ca

and a big day for -- and our ibm's ceo, ginni rometty is joining us later we'll get to the opening belln 15 minutes. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> shares of lyft in the premarket rising but still trading below 72 after the stock plunged 12% on monday. it was a year ago that spotify entered the business market. the offering was not under written by banks and no price was set ahead of the debut here we are talking about the trajectory of the modern ipo >> yeah, there is a lot of ways to skin a cat. i have been on thi

> we know amazon, ibm, sales force.oogle to ramp this whole thing up. this idea that google is trying to make inroads there in a place that dominated by microsoft azure and aws and ibm and there may be fourth place, fifth place, salesforce.com. that's what i was looking for. there you might be seeing those seeds develop into something bigger down the line. >> that's the good kind of miss. the bad kind of miss is oh, hey, youtube's model is different now, we don't want to auto roll back the video. >> that may be a change that users would welcome, though it would potentially hit the stocks. >> you hear these terrible youtube videos >> acquisitions. >> yeah. >> is it amazon taking any share of car google? that's what i wonder we talk how that's the first place, it's true for me, looking for something, if they're funneling ad dollars that way. >> digital tidesing, we say there is google/youtube, videos. aws is amazon's big thing, maybe advertising is that next leg >> let's talk about netflix and their future at an industry

second best, this quarter, ibm talk about compressed. here's a stock that had fallen from 150s last september to $105 at its december lows that's a nightmare to climb and wiped out nine years' worth of gains now ibm is rebounding like crazy, coming back do $143 for a host of reasons, not the least of which is its giant dividend that's nicely competitive versus treasury share as their yields have dropped dramatically. i wish i could tell you ibm has been bolsteredby the closing o the red hat acquisition, but the keel won't close until the second half of the year. finally, best for last cisco led by chuck robins with its stocks up 24.6% for the first quarter. it's the perfect metaphor for what could go right in the second quarter its growth is accelerating, not easy for an older tech company second, cisco is much more of a service and software play which it deserves a high priced multiple third, drams is plummeting in price. fourth, cisco is a great way to play the buildout of 5g, it's got a fabulous balance sheet that allows it to acquire

weiss >> i can't believe it. >> weiss wrote in he bought ibm around the open. that tells you what kind of market we're in. >> uh-oh >> what stocks are running >> i own it and might sell it. >> i've taken that drug before >> at levels not seen since december of 2000 paypal, all-time high. you want to go more chips? all-time high. tech keeps ripping >> and will continue to rip along with the other sectors that pete is talking about i think he mentioned healthcare. industrials are on fire as well. look, right now, the trend is reflecting sentiment sentiment is very positive it will continue that way as long as nothing interrupts it. what could interrupt it is bad policy decisions from washington, d.c. look, we should get this china deal if we don't, that would be horrible but the next thing to focus on after that is what's going on with the european union and the u.s. if that situation, that simmering trade dispute gets resolv resolved, the march higher is very easy to see and i know i've been saying this for a while but i'm going to continue to say this it comes

ibm cloud. humans. technology. history tells us they're opposites. only thing that's history... is that belief. in a car... that responds when you speak. with technology so advanced, it's almost, ... human. behind every beautiful car is a beautiful idea. mercedes-benz. the best or nothing. jim: for parents of boys and girls 7 to 15, regardless of still level, drive, chip and putt registration is open. visit drivechipandputt.com to find a local qualm fewer near and you register. winners get to bring a parent, and they advance to the 2020 national finals at augusta national. go back to 3. peter: xander >> xander schauffele and this to stay it minus -10 did not make hardly anything yesterday but has made two really good putts today, can he make a third? ird? that ball breaks off down towards the creek, let's go back to two.>> francesco has left himself and his good a position as possible on a great angle. great angle. spin, or does he go left nd let it >> does he let it go left and rolled down or is he going to aim straight? it looks like he is aiming s

i first came to rochester, there was a ibm,nnel manager in and he asked me if i would come and speak to his church, just to let them know what it was like to be a black person in this community. me torhaps recruit the church. he didn't say that, but spoke to the church and i explained what it was like to bring your a community where there weren't very many people who look like you. people smiled, but after i explaining about bringing products into rochester, like hair products, the importance of that, finding things for family to do, they dispersed and the lady came said i don't know why you folks come in and taking the job away from the well-deserving white man that's trying to take care and educatey his kids and you folks are welfare and i don't understand why you dol like it's okay to that. shocked. and i thought i also went to school to get an education, bring my family here and them and ie of said i thought i needed an opportunity at a job. you folks are already -- you get 10% because that's the quota and why youunderstand take that away from other it.le, they deserve at any rat

. >>> tonight we get ibm as well as netflix he. >> microsoft is a juggernaut i want to hear whether jimgoing to say and i want to talk about the masters app this weekend that was the best app i've ever seen you could watch every hole, every hole of the masters. >> the masters is a -- >> a golf tournament you delete it on monday. that's the tradition like no others, deleting the masters app the day after. >> i love that david, they'll let you in the masters, right >> i don't think so. >>> comcast about 42 is this about hulu valuation >> good question the stock has been moving higher for quite some time, up 23% as you well know. did not get hit at all after the disney presentation. there was some expectation that the pivot away from the old ecosystem, what would that mean? but it just keeps going higher, perhaps on continued belief the sky deal will prove to be a very strong deal and that the underlying trends are not too bad. >> isn't it amazing the last two deals, they were like, listen, if you just wait a bit, the stock is up 7% within a couple months judging by that yardstick, this wa

the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ anna, do you yes! those plans? i just wanted to show you something i've been wor... ♪ james r. and associates. anna speaking... ♪ james r. and associates. anna. ♪ [phone ringing] baker architects. this is anna baker. at northwestern mutual, this is what our version of financial planning looks like. tomorrow is important, but you're ready to bet on yourself today. find an advisor at northwesternmutual.com. the biggest week in television is almost here. xfinity watchathon week. starting april 8th, enjoy free access to the best shows and movies from hbo, showtime, epix and more. what! whether it's more jaw droppers, standing o's upon standing o's or tv's b

for every tournament defining moment, ibm cloud. expect more from your cloud. ♪ ♪ frank: he new a as soon as he hit that 5-wood that it would come out hot, land hard and run. but he has the back stop behind the hole, and he has plenty of green with which to work. he can get some spin on this ball. that little bank, four feet high. nick: can he just play this normally, or does he go past and bring it back? does he have two options? frank: i think the second option, nick, is a saver. if he nips it cleanly and gets the first bound, he has that back stop. nick: a good old bump and run. frank: it gathers to the right, at least he has a straight uphill putt for the birdie. obviously the ball was laying on the downslope there, nick. that is why he went low. nick: the bump and run made sense. frank: a sand wedge rather than the lob wedge. over to 9. jim: poulter, followed by koepka on the same line. nick: i was playing with this purt in practice over the weekend. you can almost get it past the flag, and it will turn kind of backwards. of co

we also saw ibm weigh on the market.oins us with a quick recap of the trading action as well as after-hours. su: let's talk about health care, which really weighed on the market as a whole. many strategists will say it is another case of an overcrowded area being unwound. let's look at the way the market ended. a goodh love cannot be thing sometimes. take a look at the market. bonds did not move much. the big decline or, down 3%. nasdaq 100, not seeing a big move. but it was a record close. let's take a look at the big movers. we mentioned health care, six of the 11 s&p 500 sectors ended higher. qualcomm having a monster two day rally where it was up 40% over that time because of the deal with apple. ibm is a big weight on the market. a real disappointment. that offset somewhat morgan stanley's positive results. we go into the bloomberg, financials setting up for a bounce. 500.inancials to the s&p we are seeing this line bounce back up. let's really go after hours when we talk about bounce. because the bubble boy gene th

ibm cloud. is what i feel like when i wear regular shoes, cramped and uncomfortable. we can arrange a little upgrade. which is why i wear skechers... wide fit shoes. they have extra room throughout. they're like a luxury ride for my feet. try skechers wide fit shoes. zbliefrmt you are a frequent viewer, and we hope that you are, you hear us talking about the permian basin and oil all the time you probably know it's in texas. you know how much of texas trust us, it's a lot the permian takes up a huge chunk of the west-southwest region of the state. ilt the biggest in the continental united states. the permian also the seen of i'll call it a black gold rush, if you will. in a potential bidding war over anadarko, they have huge amounts of land there. with that anadarko deal, whoever ends up with them, investors want to know who might be next who are the biggest mid-size players, the most land in the permian basin? well, lucky for us, we have some net acreage information. here are some of the bigges

maria: tell us how ibm is using a.i.ere. >> sure. well, as you know, there's a huge amount of content that comes off of golf courses. there's over 20,000 shots that are created over the course of the tournament. and we trained our a.i. to watch that video, to look for fist t pumppumps and gesture recogniti, facial recognition of excitement. we taught a.i. what golf means, what a bo bogie is, what a great shot is and where golfers are positioned to be successful. we brought all that together to rank each shot as they occur and create highlight reals. reels. if you're in a meeting or have somewhere to go and can't watch the entire tournament, you can go to masters.com and catch up on your favorite golfer, all created by watson a.i. maria: very cool. >> sponsors -- steve forbes here. is this going to translate into getting better sponsorship or getting more people looking at the thing, since you can get the best shot? >> yeah, well, this is really all about delivering an amazing fan experience, patron experience. and fans a

ibm cloud. ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95.ade, at fidelity it's just $4.95 per online u.s. equity trade. >>> let's take a look at where we finish. they're down about 0.1% for the three big indices. the russell down more. off the session lows down 96 at the low for the dow. we closed down about 30 points or so. the big winners in the dow today as you can see, united health up 3% disney up a percent and a half pfizer, walgreens rounding off the positives. i would just say for tomorrow, looking forward to bank of america reporting. in fact, of the big six banks, four of the six are up over two days feels like today is a lot of negativity out there but actually, only wells fargo which was the loser on friday and goldman sachs the loser today are net down over the two sessions bank of america probably more likely to emulate the success of the numbers. because wells fargo has been cutting its net income so maybe bank of america can change the tone back to positive tomorrow >> maybe a few other catalysts beyond the banks to drive the

ibm watson. rather than worry about how to pay for long-term care.rtcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) lauren: president trump is getting ready for a trip japan at the end of may to try get a trade deal done and to discuss north korea's nuclear ambitions with the japanese prime minister. riley walters is a policy analyst for asia economy and technology at the heritage foundation. he joins us now. happy friday, riley. >> happy friday. lauren: before that, abe will visit president trump in washington next week. what can we expect

>> ibm, if they don't do this quarter, i don't think they ever do it. so i like the space longer term. >> you own ibm >> yes >> and blackrock, we think the are well inside lalts ulateinsu. >> all right does it for us >>> hi, everybody. here is what is ahead today. if the financials are proving anything this earnings season, it may be that stock picking pays off we'll dive into the active/passive debate with joel greenblatt plus leave big business alone. why one economist says these anti-american heros deserve way more respect than they get and let the battle begin, the high stakes trial between apple and qualcomm kicks off today we'll run through what you need to know. but we ginl with tbegin with ths doch doom. >>> and the red is not all that deep the dow off by just about 65 points s&p 500 off by about 7 nasdaq by about 35 as you take a look at one of the notable industry groups, it is chinese stocks specifically those with chinese internet exposure this is the csi china internet etf off by with about 3% one of the concerns is the trade situation with

ibm blames weakness on the cloud.ck move and that full for her coming up next >>> union i'd climbing higher despite mixed q1 results investors can thank cost cutting. worldwide exchange is back in worldwide exchange is back in just two minutes it's time to get a personal loan from sofi. and it's all with zero fees. get a personal loan, and pay no fees. ♪ get a personal loan, and pay no fees. dear tech... you've been making headlines. smart tech is everywhere. but is that enough? i need tech that understands my business. i need tech that works at scale. dear tech... dear tech... dear tech... we're exploring quantum to develop next generation energy. we're using blockchain to help make sure food stays fresh. we're using ai to help create more accessible health care. we're using iot to create new kinds of digital wallets. let's see some more headlines about that. let's expect more from technology. let's put smart to work. [horn honks] man this is what i feel like when i wear regular shoes, cramped and uncomfortable. we c

the ibm cloud.he cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ >>> let's get a check on some of the big stocks you need to watch today. amazon, they're going to cut prices on hundreds of items at whole foods. the average price drop around 20%. it will apply to all customers, not just amazon prime. stock moving about a half a percent. also, qualcomm, former ceo dropping his bid to take the company private. he was ousted from the board last year. his dad founded the company. he said the conditions are not ripe for any kind of a deal. and stock number three is mcdonnell's. making another big tech bet today. the golden arches buying a 10% state in plexur. they make software used in mcdonald's mobile app. this is the seco