is ibm's c completely out of the picture at that moment in time? >> no. the next item on your agenda is that we have negotiated with ibm's c in amendment extending their contract for two months and i will be talking about that next because we were negotiating until i walked in this building. but we have confirmed an additional 60 days with ibm's c and they are committed to a smooth transition because everybody has really worked hard to get the properties to where they are and it's in everyone's interest to make sure that the residents feel that there is hopefully no change. right. hopefully things are smooth and continue to be smooth at the properties. >> great. i mean i just want to say to tanya let you and to the authority staff i know how much work this took to dive to dive into and we are extraordinarily appreciative of the amount of effort and tenacity and determination to ensure that the residents of sunnyvale and potrero would be able to have a property management provider that would support services on site. and i'm so wonderful wonderfully please

their own roadmap, ibm am even further ayers are delayed from their own roadmap, ibm am even furtherntum computers are being used for applications 77fo7r7777 for security for networks. for security for for cryptography networks. for security for fo design graphy dstworks for security for fo design for ahy and medicine'for design for is already going e—:ee 77— — i7w7l77777 777 777——77it7wi7ll7 as; thank you �* talking thank you �*talking to us. the top story on bbc news, china and the us have engaged a trade 77 77 a trade orwith 77 77 a trade or with 103677 in a fresh trade or with 10% tariffs being applied goods tariffs being applied to goods going across the i going across the borders. i will be back with more at the going across the borders. i will of back with more at the going across the borders. i will of bat hour. more at the hello. the weather prospects for the rest but in the short term for tuesday, in association with this frontal system. some of the rain will be fairly heavy, but there's some as the rain band clears, scotland, but it will be fairly blustery in places, but i

ibm, t-mobile and parker-hanifin all with deals.pread tightening suggested that investors bids were strong. ibm was also part of this week's u.s. high grade issuance. weekly volume was around $40 billion topping estimates. and over in high yield, issuance was higher more than $8 billion worth sold. new deals with the likes of directv, jane street and cleveland cliffs. elevated rates have opened up major opportunities. >> today, given where we are in the interest rate, a cycle, it's an incredibly attractive time for credit. so elevated rates are a tailwind for credit investing. vonnie: joining us now is head of u.s. credit strategy and blackrock. i'm just curious. we've been watching the nymex over the last two weeks. did today change anything for you? just five or six basis points that really hasn't gone away in the 10 year. >> thank you so much for having me. i think from our perspective, we still have a really constructive outlook on corporate credit but as we've been emphasizing the past couple of weeks, you need to be really cle

actually they had hired ibm at the time to help them plan how to how to build a company and to build these safeguards and structures so they're not dependent on a single person. and so even then they had started moving towards that direction and so i think you're unlikely to see sort of the sort of major instability that you can see at some companies. the founder finally, that that being said then very much is the spiritual leader of huawei has been and will to see if any of it is executives can fill those shoes in that way though you mentioned the shareholding and the idea that huawei is a private company, which is a source of controversy or confusion or questioning from the u.s. government and from others. so let's let's talk about that for a little bit. i think, you know, one way to think about huawei as a private is to contrast it with, you know, its largest domestic competitor, which is zte. how do the two of those kind of look compared to each other? yeah and some of this is a counterintuitive. so zte. in one sense, it's public. it has publicly traded shares. and so in that sen

san francisco is a leader in technology and you provide technology leaders google, microsoft, ibm, adobe all blessed with leaders born in india. >> you are the most populous country in the world and among the fastest growing population in the bay area. >> from 2010 to 2020 the population of residents of indian descent grew in san francisco by 144%. we are so pleased to have the people of india increasingly woven into the fabric of san francisco. it is now my great honor to introduce a man who understands the vitality of the indian culture and its importance to the fabric of san francisco. >> a man dedicated to weaving an exciting new chapter for san francisco. >> please welcome daniel l. >> thank you all very much. it's really an honor to have you all in our offices today and in the people's office. so thank you all for being here today to celebrate india's republic day. it is a day that marks the momentous occasion in 1950 when india's constitu mission came into effect laying the foundation for a strong and vibrant democracy. i want to begin by extending my deepest thanks to counsel gen

those moves have transformed ibm into a company with much more consistent earnings. and wall street's always willing to pay up for consistency. most investors had left this one for dead. if it didn't die. and fourth, another banker, the one i just mentioned is being great in m&a. also ipos. it's goldman. goldman is the prometheus unbound. under the previous president goldman's most lucrative business m&a went fallow tied to a rock with an eagle eating away its liver every day. that's prometheus, by the way. that's a kind of greek mythology figure. now, the eagle is lina khan. she's the former ftc chair. now, though, traders are betting that mergers are back and goldman will have a huge spike in business. meanwhile, with less regulation under trump, we're also likely to get more ipos. that's also great for goldman, but the stock trades at a meager 14 times earnings. that's ridiculously low, given that this company is about to have its strongest moment in years. it's why we have been buying it aggressively for the trust, which you can follow by becoming a member of the

and by the way netflix and ibm also in focus. now what's the thing about each of those four stocks that we are talking about. they are among the 17 s&p 500 members that hit record highs at some point today. and we'll cap it off, as kelly mentioned with a look, it's possibly the biggest draw river of tech sentiment today. and that's the data around palantir up 21% $101 and change surging on the heels of a better than expected quarterly earnings report. robust future guidance. we're showing you what the stock has done since its september 2020 ipo, up 1,300%. back then it was worth $16 billion. today it's worth closer to $232 billion which by the way kelly puts it about 10 to $15 billion away from tech services giants like accenture ibm and cisco systems. so keep an eye on palantir megacap in and of its own right. right now that's it from thecube i will send things back over to you very much. >> dom, come on over here. grab some hot. >> cocoa and. >> warm up. >> palantir is where. >> palantir, i. >> should say, is where. >> we begin

. >> now it's ibm. >> ibm have had. >> a remarkably good. >> quarter, very. >> strong quarter.company. they've got 4140 about 42% software. and they've got the annual contracts. we've always wanted that to happen. it's what i was hoping would happen with cisco. it's really happened with ibm. >> netflix shares, to your point as well, up almost 12% for the year. that's quarter that netflix had is still causing other executives and media companies to shake their heads in despair. frankly. >> except for spotify, the people at spotify. >> are to spotify. >> they're thrilled. >> and except at fox. >> which. >> yeah. >> rupert murdoch never doubt him in terms of his strategy. the sale to disney years ago was well-timed, and news and sports has sustained this company. you can go look at look at the performance of that stock. >> it's extraordinary. >> is the one old media company stock that has defied the overall sector. that said and they reported a strong quarter. they are now at least moving into the streaming world, but not, you know, in a very modest way. on the call, lachlan murdo

ibm, the biggest losers. taken to gather, 296 points off of the dow industrials.and medicaid offices for potential fraud - fraud or waste. what -- fraud or waste. what did elon musk say about this? >> reporter: this is where the big-money fraud is happening at medicare and medicaid. hhs estimates in 2023, $100 billion in improper payments were made to these programs that year alone. democrats warning today he they don't think musk will stop at finding fraud, but steal your taxpayer dollars. >> elon musk pretending to care about efficiency when what he cares about is taking your taxpayer dollars, taking your medicare, taking her medicaid, taking your social security. another waste is house republicans colleagues showing up, they will not speak out about these abuses. >> reporter: republicans think spending taxpayer dollars elon musk is exposed is an abuse against working people and their hard-earned money. spending money on things like this, doge posting the social security administration has terminated its contract for the gender x initiative marker and removed al

so it was ibm, was this company, and people thought computers were kind of against them, 'cause theyore like, "okay, power to the people." and we got to be part of that, you know, because by age 18 i'd done a lot of software, and we saw the miracle of the chip, and that it would change everything. >> jimmy: you said that everyone's gonna have a a personal computer and people laughed at you and they go, "yeah, right." >> "we'll see." >> jimmy: yeah, exactly, yeah. and now, yeah, everyone's got one in their pocket now i guess, right? >> yeah, no, we used to say "on every desk and in every home," and now we've gone even far beyond that. >> jimmy: yeah. does it -- does it fuel you to work harder when people doubt you and say, "no, you can't do that"? >> i think so. you know, i think kind of proving to my mom that i could exceed her expectation. and then just the dream of, "okay, wouldn't it be cool?" i wanted to have a personal computer. and my friend paul allen and i figured out, "hey, we see this and other people don't. we don't know why, but let's -- let's go show them." >> jimmy: yea

headed by cisco systems, ibm's on the list again, up again. nvidia reaching $130 a share.? expedia, a 17% gain. take two interactive, a 14% gain. super micro computers, 6 percent. monolithic power systems, 5%. palo alto networks, 5%. there's some winners there. the nasdaq composite, take two at the top, palo alto networks, booking holdings, 5% gain. airbnb is up 3.7%. zscaler up 2.3%. some big winners. >>> still ahead, senator ted cruz on the influence china has on the panama canal and what president trump's going to do about it. dr. marc siegel on the possibility that trump's tariffs could make it harder for people to get their prescriptions. the "wall street journal"'s kim strassel on trump's strategy of speaking loudly with a big stick. pennsylvania congressman dan meuser on whether trump will be able to get everything he wants on taxes. the 10:00 hour of "varney & company" is next. ♪ if. ♪ -- for this body of mine,. ♪ ♪ her lips are like a volcano that's hot. ♪ i'm proud to say that a she's my buttercup. ♪ i'm in love, i'm all shook up ♪ ♪ ♪ ..

it was almost like an ibm, an oracle kind of fell to the wayside, and everything was about chatgpt and microsoft and google, and here we are. they're taking leadership in a.i. cloud. they use a.i. through nvidia within their services. they're increasing subscriptions, and they're also getting all of this government funding potentially as part of stargate, the $500 billion investment. charles: right. >> $100 billion being deployed right away. it's one of the key players in a.i. infrastructure, and i think it's valuation wise manager to look add. -- something to look at. charles: it's still relatively cheap. compared to some of the other high flyers. >> it sure is. charles: all right, this is a stock that's been absolutely on fire, vistra. even though this stock has made a humongous move, you see a lot more upside. >> what because this remind you of in that last chart on palantir. nobody thought vistra many 2023, and all of a sudden a.i.'s all the change, the chatgpt moment and then we have the willow-google moment, so we're boeing to need energy for supercomputing to come to fruition. c

kind of dot dot dot over time for understandable reasons was that you know private industries electric ibm would send to sites to be trained they're kind of best incoming employees sites we train them into how to be private sector diplomats to the world and in a way that nitze himself had done a little bit in the 1930s but then the hang up was that nobody wanted to send their best their best employees, you know, for a year or two to study. they wanted to send them out to the middle east or wherever immediately. so i just your question, it's kind of a mixed kind, a mixed bag about the state department, then, and that's his view on it. i mean now you have effectively a strategic planning cell within the national security council staff for the last years and they do similar work to the limitation of policy planning at the state department. but i think the broader kind of point i would make here that that it's still you have to kind of satisfy 300 or 400 different constituencies, get out a national security strategy. and for nitze, it was just came down to about ten people that you had to get

let's start with ibm.ll overtime after their investor day yesterday that ai will be a big part of its business now and in the future. and this was our mystery chart, friends. best stock in the dow the past three months. take a listen. >> absolutely. >> as our clients are facing. >> the need for all these. >> investments that they cut back on some discretionary labor spending, and we saw that in our business. >> but if i was. >> to look at our book of business, the signings we just did, as well as what our clients are asking is going to be people plus ai for the next many years. that means every one of. >> our. >> consultants is going to be helped by an ai assistant that is doing part. >> of their work. >> and making them more productive and making them faster, lowering risk for the client. and all in all, giving our client a better experience. >> and again, this is the one number one on the dow scott, the past three months. what do you do with the name. >> yeah, this is. >> a hold. >> in part because of th

but just like eastman kodak or ibm or any other darn thing, when your day is done, your day is done and you're just another gambling chip in the market. >> guy, how long were you on your. horse when people were. >> driving like that? i remember. that changeover. yeah, yeah. >> you know, there's a lot of concern back in the city streets back then with all the amount of horses in the streets. >> you can imagine. >> there was a lot of other stuff in the streets. >> yeah. >> people were worried. >> then the cars came. >> no, i hear the music. >> but it's. >> important to start reading. >> there's a whole there's. >> a whole. >> history about that. >> getting the engine running again. fti aviation looking to rebound after a few short reports, sent shares plummeting last month, one top analyst says they're generating some major cash where she says they could put it to use next. and there's more after hours action to bring you our own. john ford just sat down with the ceo of qualcomm to discuss its results, what he had to say about the next move for the chip maker. you're watching fast money l

. >> find out like all ibm and all these people getting water just because they give you a lot of money as long as you drive anything with your greed it will come to bite you in the. now not once have y'all invited the indigenous people here and asked them how do they feel that the sacred water that we stole from them is used to flush out toilets in the year 2025? i mean, you know, it's ridiculous and we say we are human beings. you know we want to live here. >> if your main objective is to sell the water and make a lot of money you will fail. >> thank you very much. thank you. do we have any other members of the public present who wish to provide comment? if so, please approach the podium seeing none. >> moderator do you have any callers with their hand raised ? >> this one there there are three callers with their hands raised. thank you. >> caller your line has been unmuted. >> you have three minutes. i think you. my name is jason foster. i'm calling him from the of richmond. >> i'd like to say thank you to mr. ritchie and general manager herrera for summarizing the planning prioritie

intel, amazon web services, microsoft, ibm, and openai are all involved in pushing this initiative.e unprecedented adoption of ai technologies across all 23 university campuses will have a profound impact on training, learning and teaching tools. >> governor newsom is scheduled to meet with president trump at the white house today. the reason for the visit after the two men met just days ago. >> and 13 oakland nonprofit groups trying to find more money after the city reduced their funding. we'll take a closer look at the impact it's having on people who are in need in oakland. mmmm... planet oat's so creamy and not watery like- exactly! and unsweetened has 0 grams of sugar. and it's an excellent source of calcium. wow! planet oat really has it all! ♪ dave's been very excited about saving big with the comcast business 5-year price lock guarantee. wow! planet oat really has it all! five years? -five years. and he's not alone. -high five. it's five years of reliable gig speed internet. five years of advanced securit. five years of a great rate that won't change. it's back. but only for

adobe, googles owner alphabet, nvidia, linkedin, intel, amazon web services, microsoft, ibm and openai are all involved. csu officials say the unprecedented adoption of ai technology across all 23 universities will have a profound impact on training, learning and teaching tools. >> all right, so major league soccer season doesn't officially start for a few more weeks, but you can get a taste of the san jose earthquakes today with us at ktvu. the earthquakes are playing in the coachella valley invitational preseason tournament today, along with 13 other mls teams, as well as bay fc and five other national women's soccer league teams. and you can watch all three san jose earthquakes games on ktvu plus and the fox local app. they play today against the portland timbers at 1230. they also play on friday and next wednesday. all of those games will air live on ktvu. plus, that's channel 6 or 36 depending on your cable provider. ac transit has launched a new and improved prediction engine to enhance real time bus arrival information. the bay area transit operator says the upgrade will boost p

burrows is an artificial intelligence partner at ibm.inishing up her psychology degree. eagles defensive tackle jordan davis was born to play for the birds. his mom made it so. shea allen loved the eagles since she was in college. she has a message for the number one mom in chiefs kingdom this morning. check it out. >> i cannot wait for all the bird game to come out here in new orleans to cheer on our eagles, 100%. they work hard all year and we are here to support them. hey, one other thing. ms. donna kelce, mama to mama, i love your son, but i hope you have your ear plugs on because honey baby, we bout to be go birds all day, go birds. e-a-g-l-e-s, eagles! >> sam: i got that wrong, too. it's mason, right? >> george: i know you want to keep going. i got to ask mason, how did you get in that? >> sam: can i see? >> rebecca: he's not sure. [ laughter ] >> sam: oh, there's a zipper in the back. [ laughter ] you're okay. you can breathe, right? you'll tell us if you can't. you're doing great. all right. clearly there will be a lot of proud f

you know, it is interesting how every different company, whether it's ibm or palantir or even an amazon, has pointed to deep tech and said, actually, this is good for us. this shows this shows that our strategy and what we've been doing is bearing fruit. right. arm said it yesterday on this show. so wake up moment. and i feel like there was a lot to get off their chest. these ceos and these companies, after the freak out that we saw in the in the market. >> right. yeah. there'll be a there's going to be some free riders who are building their llms on other people's hard work and money. and so it's going to be up to the latter group to establish, as. >> david said, what's. >> special about that? when we. >> come back, the. >> latest on the trump. administration's buyout offer to federal employees, as that deadline is now pushed to monday. also, an exclusive with the president's new energy secretary, chris wright. >> brian sullivan. >> is going to have that interview. a lot of. >> movers to get. >> to on this last. >> batch of earnings. >> for the week. take two. elf. >> affirm. >> pens.

in 1997, when ibm created an ai system called deep blue that beat the world chess champion, gary kasparov was this exact system. it was created by a team of chess experts, working with a team of computer programmers to take their chest expert knowledge and run it on a supercomputer with rules much faster than a human brain would. that's one category of ai. it's difficult for that to create any new knowledge because when it is is very good implementing rules that were given to it by humans. that is one category of artificial intelligence. another category is called machine learning. in machine learning, it's not really humans who are creating the program, so to speak. what you are doing is taking a data set. you are feeding it to a learning algorithm. that algorithm is spreading out the ai model which is the package that does the work. this activity is supervised by humans and humans are involved in calibrating and fine-tuning a lot of aspects of it. on the mentally, the system is programming itself based on one it learns from data. that machine learning approach to artificial intelligence

in 1997, when ibm created an ai system called deep blue that beat the world chess champion, gary kasparov was this exact system. it was created by a team of chess experts, working with a team of computer programmers to take their chest expert knowledge and run it on a supercomputer with rules much faster than a human brain would. that's one category of ai. it's difficult for that to create any new knowledge because when it is is very good implementing rules that were given to it by humans. that is one category of artificial intelligence. another category is called machine learning. in machine learning, it's not really humans who are creating the program, so to speak. what you are doing is taking a data set. you are feeding it to a learning algorithm. that algorithm is spreading out the ai model which is the package that does the work. this activity is supervised by humans and humans are involved in calibrating and fine-tuning a lot of aspects of it. on the mentally, the system is programming itself based on one it learns from data. that machine learning approach to artificial intelligence

and, you know, ibm had an analyst day this week. and they said that 98% of enterprises are working on ai, but only 26% of those companies have processes in place to actually do something. so think about that tailwind for a minute. and they also believe that the capex spend of something like 300 billion this year will go to 850 billion by 2028. so a lot of a lot of companies are behind this and behind this. a lot of us are and i think we're in early innings. >> yeah. and we're in that weird. i don't know what you call the first hundred days. it's the old administration. it's the new administration. whose jobs number is this? this is the biden administration's jobs number. but there are animal spirits with the trump administration. it's i don't know, we just got to go with it and not try and figure out exactly. well. >> there's all kinds. >> of weird things who's to blame or who's to credit. >> provisions that are. >> going. >> to be in this. yeah, it's going to be messy. >> it's going. >> to be a mess. >> i don't know. >> because thi