they spoke, tesla and microsoft all skyrocketing. they all report better than expecting -- expected earning results. facebook saw a decrease in ad results. in april, they are seeing some signs of stabilization. facebook blowing past expectations for users and ad revenue. a drug also showing some positive results that may have been getting investors some optimism. to facebook, tesla and microsoft in a moment. let's bring in taylor riggs to wrap up the day that was. information showing that gdp pal -- gdp fell 5%. maybeas thinking that things were not as bad as we think and that there was a sign that things could stabilize if not improve. you could say that was going on in the markets all day long. we got that data of a 4.8 percent drop in gdp. markets were already shrugging it off. looking ahead to that news that we got from gilead. tech is doing the best stuff. 3.6% today. those small-cap stocks are also some of the biggest out performers as we talk about how to reopen the economy. gilead sciences was the driver behind all of this. t

>> brad smith microsoft president, what is the promise of your new book? >> it is the digital technology a to in one weapon to create benefits and all kinds of challenges as well. >>host: you have a book that is essentially a world tour. why quincy washington? >> we chose it because at the data center capital of the world the other columbia river data center are built there because it's close to hydroelectric power. so what is becoming the infrastructure of the 21st century? these mammoth buildings, more than 20 filled with electrical generators, hundreds of thousands of batteries that are server computers and everything we do almost every day is accessing or storing data in the cloud for a data center. >> you have 100 of these and 20 countries? >> more than 20 countries more than 100 data centers. microsoft is one of the largest google amazon facebook and apple we all build more and more of these data centers it's where we store their data so they become the largest consumer of electricity in the world. >>host: if i send an e-mail from outlook to the offi

after the market closed, we had from microsoft and facebook. microsoft reporting revenue in the.t $33he time that ended billion. earnings per share coming in at 1.40. about the talk slowdown in transactional licensing in the final week, even as it's more personal computer division benefited from increasing demand from people working at home. the other big news is that decision by the federal reserve, no decision but the outunication we got did lay a pretty stark assessment of the u.s. economy and of course how much the fed will do to continue to try to underpin some sort of economic activity. we want to bring in seth carpenter. we want to get his thoughts on what we heard on jay powell and what we heard out of the fed over all. when you listened to powell today, you came away with the sense that the fed was committed to using as much any mission -- ammunition as it has to make sure that the markets continue to focus and that the economy remained on some sort of sound footing. what was your main takeaway? i agree with you. i think today was j powell's breast -- best press conferen

obviously microsoft is a giant in this space. twitch, which is owned by amazon, facebook has unveiled more gaming plans and apple as well how fierce is competitive landscape given the fact that there is so much more opportunity for more people to come and use these platforms and be engaged in amore meaningful way. >> we're seeing the big tech players come in and see this gaming opportunity we think in order to achieve success you need great content, a large gaming community, and more and more we're leveraging our cloud assets at microsoft to deliver our products to people on the devices that they already have we have a long history, it's why the 90 million people on xbox live is an important metric. a community of people that are already coming to microsoft looking for their gaming entertainment, looking for their great games, those great mine craft experience, whether it's education as kids are learning from home or playing with friends, playing halo online, we have great content from our first party and our third parties on our

so it sets up nicely for microsoft. i think with this number kind of shows in the near term, it is seeing plenty of positives to keep the negatives in check. melissa: yeah. jonathan, i think that is the most surprising part. we all realize we're more equipped than we ever been before obviously from a technology view to work from home. there will be people that will never go back to the office as a result of this, and work very production activitily, that is for sure microsoft's benefit key to the infrastructure. for them toe same it didn't even have a huge impact on the quarter just ended, that in of itself is pretty surprising. what is your thoughts? >> you see the stock react high as 180 in after-market. microsoft benefiting coming into this number the stock was up 30% year to it today. as jack is alluding the company is benefiting it is diversified unlike facebook we'll here in little while. microsoft has personal computing, the search, cloud business which jack mentioned is growing like gang busters. melissa, has co

microsoft is deeply involved in diplomacy you don't think a cisco is having a stake. this is the differentiation so what about other big international companies you have coca-cola and mcdonald's but none of them opened the counterterrorism department facebook has a larger counterterrorism than the state department and it doesn't seem all that strange that they would so this is one of the reasons i thought it was worth paying attention to. >> so google amazon facebook and microsoft. >> and not just how expanding into governmental domain and real life and this is something and the sister companies to look at those operations at those partnerships of government there is a lot of endeavors with the products and services and to change the way to think about public infrastructure. and then to do high-speed rail in chicago. >> so now if we have private sector companies and with that public infrastructure to make it available for all this is one of the reasons why i talk in the book about tesla's work in puerto rico this is when they needed them to step in when the federal go

, msft. >> microsoft even though i gave you the choice of none of the above? >> technology is a none of the above. i did that on the s.a.t. and it never worked for me. >> apparently not. beyond meat sizzled and we'll find out if any of the traders are taking a bite out of this name and later, why this stock can see a whole new world of opportunity when the coronavirus re subsides. stay with us fast is back in two. i know that every single time that i suit up, there is a chance that that's the last time. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses. learn more at protectedincome.org . >>> welcome back to "fast money. beyond meat sizzling to bring its weekly gain to 41% and that is its best week ever. a few factors driving the gains, supply chain disruptions weighing on traditional meat manufacturers and beyond meat c

microsoft is very deeply involved in diplomacy. you don't think of cisco as having a stake in the national treaties. so, this is sort of the differentiation between the two. and also often people have asked me about other international companies. we have coca-cola but operates globally and mcdonald's. but neither one of them are opening up the counterterrorism department. there is a larger and it doesn't seem all that strange that the word, so this is one of the reasons that i thought it's worth paying attention to. >> google, amazon, facebook, microsoft, and you anticipated my question, tesla. >> one of the things i looked at in the book is not just how the tech companies are expanding into the inter governmental campaigns but how they are expanding into real life, physical infrastructure services. and this is something that tesla and elon musk and many of the sister companies are doing in some ways more than anyone else. they are pursuing partnerships to provide electricity. he is now moving into space. there is a lot of end afte

microsoft is very easily involved with diplomacy. you don't think of cisco is having a real stake in it. this is sort of the differentiation between these two and people are asking what about big international companies like coca-cola that operates globally and mcdonald's but neither one of them are opening up a counterterrorism department. facebook has the largest counterterrorism department and the state department doesn't seem all that strange. i think this is one of the reasons that i thought it's worth paying attention to. see a list of companies are google amazon facebook apple and microsoft and you anticipated my question, tesla. >> absolutely. one of the things i looked at in the book is not just how tech companies are expanding their domain but how they are expanding into what i call in real life and physical infrastructure services. this is something that tesla and elon musk and many sister companies that tesla are doing in some ways more than anyone else which is city operations and partnerships with governments to provide

microsoft is also soaring here after hours. looks like a big beat.t's get to the earnings with josh lipton. josh >> microsoft reporting q3 earnings of $1.40, versus expectations of $1.26 and revenue of $35 billion versus expectations of $33.7 billion. so beats there on the bottom and the top. turning to the segments here, revenue and productivity and business processes, $11.7 billion in the quarter, ab an increase of 15%. office 365 commercial revenue growth 25%, linkedin revenue increased 21%. cloud division was $12.3 billion, an increase of 27%. its cloud service azure saw revenue growth of 59%. of course there microsoft going head to head with amazon's aws and revenue and more personal computing, $11 billion, an increase of 3% windows oem revenue, what device makers are paying microsoft to license windows, that was relatively unchanged year over year back to you. >> josh lipton, thanks so much for that microsoft up 1.4%. let's get to facebook's numbers. revenues a smigt beat, $17.7 billion, the forecast $17.4 billion, the eps coming in at $171 bil

microsoft, you know, has a good share of that.et to spend about a sixth of my time, now, over at microsoft. david: so recently, you said the biggest mistake you made professionally was that microsoft should have had the android technology. why was that the biggest mistake? bill: when you are in a field -- you know, we were in the field of doing operating systems for personal computers. we knew the mobile phone would be very popular. and so we were doing what was called windows mobile. we missed being the dominant mobile operating system by a very tiny amount. we were distracted. we did not assign the best people to do the work. so it is the biggest mistake i made in terms of something that was clearly within our skill set. we were clearly the company that should have achieved that. david: your two main areas of focus are k-12 education in the united states and health care in the least wealthy parts of the world. recently, you've decided to make another effort, not necessarily through your foundation, but through breakthrough energ

obviously, microsoft has the cloud business, azure, they also have microsoft teams.this working from home. you also cover microsoft and zoom, the sort of darling of the corona era. what do you think we are going to see reflected in their results? another --rosoft is i will start with microsoft. microsoft is a business that has a very stable role in customers. it has hundreds of millions of users of its office products, shooting towards one billion. he's kindhe company -- of that rock when it comes to being a ceo. he's shown a lot of solidarity and steadfastness to make sure the company stays the course, protects its workforce, cares for the customers and community. i have been really encouraged with the whole tech community. teams for microsoft has been a growth. 44 million daily users now. that is about four times where microsoft teams was that from the start of this pandemic. they have seen an explosive growth in that area. there is some encouragement there. it would not surprise anybody if the numbers fall short, of course with suspended guidance. microsoft, i exp

we'll hear from microsoft. tony is betting on big things with microsoft's report. what are you looking for what's your trade? >> i'm looking at microsoft which is a different comparison to apple, because microsoft actually generates 50% of their revenue from their azure cloud business as opposed to a consumer business like apple as we continue shifting after covid-19, microsoft is one of the stocks that are going to benefit from that. if we look at the chart, we can see it in the particular chart the chart is less than 10% away from its all-time highs. not only has it outperformed the market, it continues to outperform the technology sector this is the type of strong relative strength i'm looking for going into an earnings announcement if we look at the earnings itself, the stock historically doesn' move a whole lot on earnings, averaging about a 2% move. even though it's implying a 6% move going into the next earnings next week, but given the stock has run 32% over the last month, despite the fact that there are strong estimate revisions going into this earnings c

steve, you have been active in microsoft before what are you doing with microsoft given what we have seen in the market over the past few days >> i'm enjoying it now i added it during the decline. not added today. we recently switched over from another vendor to microsoft one drive. it fits with new microsoft products it's more efficient. it's less costly microsoft continues to hit on all cylinders and own the enterprise network this is really good time to upgrade your portfolio you may get another chance to do it here is how i see it playing out. i was thinking that we would have much longer recovery. over the weekend i came to the realization, i had this before in part that when we're done with all this, that shorts can take the economy a little longer to get back up to speed. particularly the service areas where you will keep social distancing hopefully we'll have zero interest rates or near zero now the other element is whether it's going to be stimulus five or six, the hand off to fiscal stimulus is going to be powerful as we look to get the economy back on track. we don't get r

>> guest: so microsoft, and microsoft was not ultimately broken up. that was an initial adjustment and a judge ruled it back. but the microsoft case did put the brakes on microsoft's ability to roll up adjacent markets in the competing states, in the online software space. what that did was it allowed companies like google and facebook to jump in and innovate and to basically create market or take market share in places where microsoft would have had a clear advantage in. i think there are really valuable lessons to learn from the microsoft case and it's really time to apply some of those to google and facebook as well. >> host: in february there was a profile of you in the "new york times." the headline, she wants to break up big everything. is that a fair assessment? >> guest: no. in general, the solution to every problem is not a breakup. i think that was a great headline for clicks but it wasn't quite accurate from our policy perspective. again, in a lot of markets you do want to break up institutions. you want to create competition in that way. s

josh >> so, melissa, i checked in with microsoft, at evercore. i just want kirk's quick take on the quarter. >> it's a commercial cloud, revenue up 39% and the cloud business in his words marching forward. he does have questions about guidance here, given the uncertain i.t. spending environment and he did have commercial bookings growths did decelerate he wants to know how much of that is covid-related. he's expecting to hear a wider and expected guidance range on the call just quickly through the segments and business processes 11.7 billion that was better than 12.3 billion and better than analysts would be looking for. azure saw the growth goes head to head and revenue and more personal computing also beating forecast in 11 billion and the call kicks off at 5:30 eastern melissa, back to you >> when you mention commercial bei bookings, josh, does that include call >> it did decelerate, obviously, bookings now is revenue downstream and hoping to get more color on that from the ceo when the call kicks off in 15 minutes. >> pete najarian, i go to y

post you're already on microsoft outlook. is opting out stillpossible while being a member of society ? >> i don't think so. not just talking about these six major companies in the book like microsoft and apple and all those , they own hundreds of other companies who we may be aware of. we know for instance amazon owns whole foods. may we may not as aware that microsoft owns linked in order nokia and in modern society would be difficult to sidestep the big tech companies because they are integrated into so many other products and services that we might not even be aware of but what we can do is look at the different practices of the different netscape. look at the different practices and see who is selling the calibration maybe not perfectly but a little better and i use microsoft as an example because they've been quite aggressive in trying to establish some sort of protections for users. when they had to comply with the gtr they said before going to make protections available for our users in the eu, we should make them ava

if you work at the washington post you're already on microsoft outlook . is opting out till possible while being a member of society? >> i don't think so, i really don't. as you said you're not talking about the six major companies i've listed in the book like microsoft and apple and google. they own hundreds and hundreds of other companies who we may be aware. we know for instance amazon owns all foods. we may be not be as aware that microsoft owns linkedin or no kia instance so there's i think in modern society it would be difficult to find steps to big tech companies completely because they're integrated into some other products they might not even be aware of but i think we can do is look at the different practices of the different netscape's. i'll stop shouting. we can look at the different practices and see who is getting the calibration, maybe not perfectly but a little bit better and i use microsoft as an example because they've been quite progressive in trying to establish some sort of protections for users. when they had to comply with the gdp ar

you've got microsoft, amazon, alphabet all playing in that space. what exactly about some of these bigger cloud type players and technology has got you excited or maybe not as excited and what earnings report next week is top on your play list this coming week >> what's top is apple and amaz amazon microsoft is one of my favorite stocks i love subscription models i love what they are doing in terms of their business. how they roll out more product we switched over to their one driver from another product. we love it it's fully integrated. that will be very interesting one that i would say out of the headlines more so than other what's driving both, amazon or what will be a big part of it because they made acquisitions there is 5g. that will power the cloud. looking at some of the smaller companies. it will be a little week in if that stock gets hit, i'll come with with both hands to buy it that's where you get the opportunities. >> joe, amidst the busiest week of earnings season, all of those names are all headliners there's no undercard here if mor

operating system microsoft wins all three ways there. as far as facebook, one thing about that company is it's extremely sticky they added 11% growth year over year to 1.7 billion daily active users. that's amazing one thing we know is people talk about quitting it all the time they talk about security but rarely do they ever lever it >> what about the idea of the stocks being tired it's nothing, no news flash here that these stocks have been considered defensive is there any thought it's time to take profits in what's been a pretty good run for a lot of these stocks >> as it relates to the technology companies all referenced here between john's comments and steve's comments, i would agree one can be defensive by the nature of their balance sheet, cash, not extensive debts, the growth rate that demonstrate these companies can have less than than cyclical and coming out of this maybe the stocks will stay here and take some of those gains that they had and led the market here. in my mind these are strong companies with the balance sheets t

>>. >> i'm looking for microsoft which is a different comparison to apple and it generates 50% of the revenue from the azure cloud business as opposed to a consumer business like apple i think as we continue to shift working from home after covid-19, i think microsoft is one of the stocks that are going to benefit from that, and if we look at the chart, the outlook actually -- we can see it in the particular chart the chart is less than 10% from its all-time highs and not only has it outperformed the market it continues to outperform the technology sector. this is the type of strong relative strength that i'm looking for going into an earnings announcement. if i look at the earnings itself, the stock historically doesn't move a whole lot on earnings, only averaging a 2% move over the last four quarters even though it's implying a 6% move into the earnings next week and given the fact that the stock has run over 32% over the last month, despite the fact that there are strongest mat revisions going into this earnings cycle, i think there will be limited upside here for this particular s

earnings call on the way for microsoft. the cfo saying the forecast for fourth quarter operating expenses are between 11.8 billion and $11.9 billion. revenue for the fourth quarter between 11.7 and $11.3 billion. we have seen quarterly sales and profit rising. we have seen their internet-based software and cloud services doing better because more people are working from home. we have seen the shift from its ceo for years trying to focus on cloud software. microsoft saying they will aggressively expand cloud infrastructure next year, that they will make significant investments on those goals. we willtill ahead, focus on commodities. a metals chairman speaks on the ongoing tensions between china and the rest of the world. coming up next, no change from the fed. powell warns the heartbreaking harms from the virus. we are joined by a harvard university professor. this is blumberg. -- bloomberg. ♪ >> forceful measures we as a country are taking to control the spread of the virus have brought much of the economy to an abrupt halt

coming up you might‘ve seen video from 2015 the microsoft shows microsoft founder bill gates talkingble impact ofa global pandemic could have on the planet. we will hear his thoughts now about this covid—19 outbreak. reminder you can always keep up—to—date with up at the latest on the pandemic in your country and around the world on her website. my first, charities and the uk a warning that almost a quarter of the youth clubs that have been closed and locked down may not reopen after the restrictions are lifted. it leaves thousands of youngsters with nowhere to socialize. anna adams has been talking to ten managers and youth workers to see how they're doing. normally you'd have 30 to 50 young people here after school on holidays. he's showing me around the dumps youth clubs in south london. it's been closed since the lockdown. in what ways are you having to change the way you work? trying to meet the young people where they are. using instagram. we're basically trying to recreate the youth club and experiences that we can in a virtual environment. hi, missing you. hi, dante. nicola i

microsoft was not ultimately drunk about. the judge ruled the back.icrosoft with the brakes on the ability to roll up adjacent markets with the computing space and online software space. what that did was allowed companies like google and facebook to jump in and innovate and basically create markets or take out market share in places where microsoft would've had a clear advantage. i think there are really valuable lessons to learn. it is time to apply some of those to google and facebook as well. host: in february there was a profile of you in the "new york times" the headline was she wants to break up big everything, is that a fair assessment? sarah: no. in general the solution to every problem is not a breakup. i think it was a great headline for clicks but was not quite accurate from a policy perspective. in a lot of markets you do want to concentrate them and breakup institutions. you want to create competition in that way. some markets shouldn't be modified at all. there is a debate about health insurance. market that belongs in oriented structur

pron partnership with microsoft. good afternoon, everybody. daily briefing with paul and josh, and backed by popular demand, dr. matt carter, our state epidemiologists. he has brought christine soto with him. christine is in expert on track and trace, and that will be the focus of our discussion here this afternoon. you look at our daily summary , i think of most interest to me, i usually don't spend as much time on positive cases because that is simply a function of how much testing we are doing. 2000 test performed, and only 315 positive cases. 315 is the lowest we have had in weeks, and that's about a 16% or so test rate, so we will see if that indicates anything. only 315, i don't mean it. tomorrow, folks are going to bye who were both afflicted covid, tested positive, you may , he one is rudy marconi will be here to talk about his , and his personal experience. also jane, she is a state representative, chamber of commerce, afflicted back in mid-march, quite a while ago. just to give a little personal perspective what we talk about when we

they say the cloud, amazon, microsoft is the challenger and in operating systems microsoft, and smart phones apple is in the lead. if you're counting devices google is in the lead if you're counting operating systems, they would argue look how much competition there is but we're looking at the wrong numbers. >> there's so much wrong with that argument and in fact you're amending me an early conversation i had with google when i started thinking about this book, and with one of their strategy falls and put forward my idea you guys are natural monopolists. we have a companies competition issue here and she looked surprised and said we feel like were competing against the big guys all the time but that's the issue. it's the lot of the goliath at this point. you have a handful of players really basically three or four companies. the have taken over everything and are actually moving into an entirely new heels so look in the last few months the landgrab that's happening on the part of apple, amazon, google and areas like healthcare, in areas like finance. we've seenamazon overnight into th

microsoft stock is up after hours another 2%. we are also seeing facebook shares surge better than expected numbers out of both companies and microsoft's case, surprising 15% spurt in revenue. that's a sign that to american behemoths are doing just fine, thank you. a little more after this. sure. okay... okay! safe drivers save 40%!!! guys! guys! check it out. safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! he's here. he's right here. - hi! - hi. hey! - that's totally him. - it's him! that's totally the guy. safe drivers do save 40%. click or call for a quote today. but we can grill together. oscar mayer invites you to take your backyard cookouts to the front. on may 2nd, join us for the oscar mayer front yard cookout. enjoy sharing a meal together but safely apart, while we share a million meals with feeding america. and everytime you use the #frontyardcookout, oscar mayer will donate an additional meal - u

. >> microsoft and shopify, this is one of the things, people always say i'm late and i know microsoft and shopify was way up, but you know, i still like it, and i still have done pretty well for me and today was a good day and when things hit an all-time high like shopify and amazon should you run away, basically from a stock that is clearly at one of its high points like those two right now? >> that's a good question. there are a lot of names like that that are more defensive stocks, tim that are at highs so what do you do >> dave, you're very brave playing hurt right here and with microsoft, this is like an original sixth franchise that's come back and won the stanley cup. think about the microsoft and it's now back at the top of the heap and it's kind of another metaphor it's kind of like the athlete and the bryce harper who has signed a huge contract and the expectations are so high and he has a decent year, but again, it's really where it's priced from i think in microsoft's case you have a company that largely in the current environment is playing defense. you have a lot of clou

are they going to be working with microsoft as well? >> we are going to do this the connecticut way. we are off to a fast start. i talked to governor cuomo and thanks to his fast work, bloomberg philanthropies is looking at their technology platform. they're going to be providing training for contact tracers. connecticut will be part of that. , butace people in danbury they went to westchester. we are going to have a shared way to find out who was back and forth so we can protect each other. the westchester connecticut border is no border as far as the virus is concerned. >> so these state systems are going to talk to each other? gov. lamont: they are going to talk to each other. >> next, fox 61. >> governor, you just answered my first question talking about how you are going to be working with new york for contact tracing. could you spell out how you are going to be working with massachusetts and rhode island? will the department of public health be reaching out to individuals based in other states? paul, you are our ambassador to othe

microsoft, apple, amazon, google they're all very different companies, let's be clear.le, for the most part is almost entirely a consumer products company that's it. >> microsoft, almost entirely with the surface pro tablet which i hear is very good, is almost entirely an enterprise company. google is an advertising company. they don't actually have much in common at all except that they're big and they're lumped into the same acronyms and they're almost all up exactly the same amount today and is it just kind of lazy investing? >> i think it's a lazy stashing of the cash and just a way to go back to the tried and true names that you think will not blow you up in the long term and we hear a lot of the phrase core holdings and i talk to a lot of clients in the last few weeks of the growth side of the market and say this pandemic is terrible and it doesn't make me change my long-term investment philosophy i think it's a way of getting some money back into the market. things are starting to run and people don't want to miss the upside, but i wouldn't say there's anything s

dropped to record lows dipping below 0 putting new unknowns in the market and to take on amazon and microsoft as the competition for the cloud then boeing look to get back to work at a washington state factory but it is far from the usual. today so let's go and die right. krone virus has infected more than 2400000 people globally it's taken more than 160000 lives while some countries are seeing a flattening curve others are still seeing a surge in new cases coppa 19 has infected more than 766000 americans while deaths in the u.s. have top 40000 new york state which is finally seeing a drop in new cases announced that it's going to begin aggressive statewide antibody testing this week protests continue across the u.s. over shelter in place orders amid pressure on governors to reopen local economies at sunday's briefing president said that he'll use the defense production act to increase manufacturing of testing swabs while working with governors to reopen their economies over the governor's doing a better job than others. the robust capacity that we've brought online will empower governors to

it is not amazon like or microsoft like?t to middle single digit or revert to something better than that? this, i wouldor say this year will be a little light but i do have them going pretty strong into fiscal 21 -- fiscal 2021 because of the 5g iphone cycle and over the last couple of years, your services 15% to 20% probably cable business over the years, so revenue growth can continue to grow into calendar 2021. the revenue between apple and google has always been a bigger question, and in my view, given the diversity of revenue, apple has become a much more stable company than it used to be five or six years ago and it is solely dependent from the iphone cycle. you do have other vectors of growth from apple like the services. even within hardware, air pods are growing. it may not be enough to offset weakness, but they can do buffers. tom: we have got to do this in a couple of days when we see what the earnings are and what you do with your buy and price target. romaine will really go right to the data this afternoon. now

if you go to your windows computer and you fire up microsoft office and there's a green act's for microsoft excel. just on the button. that is the robot accountant. the first by a lazy guy that wondered why they have to spend it up for pieces of paper. i can do a computer to do this. he programmed microsoft excel. it's not very complicated. it lowers the task of arithmetic the accounting clerks of the u.s. of the time. and basically all of them were out of work and about five years. we now had more accountants than ever before. those people did different jobs. what is the point of that. the job of being an account became much more interesting. there is a situation where it wasn't complicated it wasn't sexy it was just microsoft excel. and changed the kind change the kind of things accountants did. they started doing scenarios. in strategic advisory work. it made it be a lot more interesting because the machine was being the most boring part of the accounting. let me give you another example of really exemplary -- exactly the same. we will show you of a graph this is not jennifer. jennifer i

i view microsoft really as the shining star in technology in this circumstances. think about the amount of people that need to utilize the cloud and think about how much usage remotely is going to be conducted for microsoft office and skype. so i think microsoft in this environment, obviously, it's a position i own, belongs on that list the other name i would add to that, possibly, jim, would be home depot >> tv is a funny thing i did a whole piece about microsoft and why you should own it last night, so i kind of referenced why i also like microsoft. you're dead right. there's a peace about, if you want to know the one stock that you should own, it's microsoft in the interest of not just making it sound like i didn't -- it was in the piece. so don't worry home depot was one that i really wanted to talk about it's down badly. there was a firm that raised numbers today -- raised price targets, one that lowered. you've got lower coming down that should be good. you've gotthe spring season. but here's my problem. they have a huge planting business and some of us aren

he programmed microsoft excel.el dramatically -- make it's not sexy is not very complicated. but it is a robot accountant at lowers the task of arithmetic. and it lowers the task of arithmetic of a particular kind accountant did the accounting club you call them clerks so i will translate. [laughter] the accounting clerks says there were 400,000 accounting clerks in the u.s. at the time, and basically all of them were out of work in five years. we now have more accountants than ever before because those people did different jobs it's obvious it's rows and columns with the point of that? but the accountants still expanded in the job of being an accountant became much more interesting. there's a situation where it wasn't complicated, it wasn't sexy, just microsoft excel, it completely reshaped and industry. it did not destroy any jobs. we have more jobs in accounting that we did before. but change the way we did those jobs. change the kind of things accountants did they get started in financial forecasting the sgt sc

emily: microsoft has efforts in health care and you oversee a lot of that.ome of these efforts help in the fight against covid-19? kevin: one of the things we have been super fortunate is to have good partnerships with biotech companies. doing interesting work with a company called adapted to buildlogies working up a mapping of immune system diseases. we have worked with adaptive to use ai machine learning to hopefully bring tests to market whether oretermine not there are covid-19 antibodies and a sample of blood. we are also doing some really interesting stuff right now using the same supercomputing capacities we had been previously using for training neural networks to run molecular simulations to try to identify covid-19 therapies for by better understanding the structure of the protein. most: time seems to be the precious resource right now. theseickly can some of actually start working? how quickly can we see the results of these exciting technologies? problem is, we need them now. kevin: i think everyone feels an incredible sense of urgency. scientist

the amazons and microsofts and apple have more. they don't have everything they have more than the have nothings have. retailers that are hurt. we have to be careful to say these stocks, the microsofts and facebooks are up the wap thy thy are because they will be good no matter what. they will be okay. certainly better than the others but not scot-free. >> it's interesting microsoft is about 5.7% of the s&p. 500 weight versus energy at 2.7% that's exactly to your point these kinds of stock, the fangs and a lot of the technology stocks have held up well, as they should. a lot of them are secular growers. even though there might be a lull in the action on enterprise this year. maybe it's cloud next year i think on technology you can make case to have an overweight rating on that in your portfolio. i want to have diversification and i want to have tech and growth i want to have some staples too where i can we lie on the d dividends as well. maybe energy is not where i want to go but some high quality industrial names, some high qualit

which company -- google, microsoft, facebook, apple, amazon.tial in earnings we are not expecting? dan: that we are not expecting or will have the biggest upside? i am just teasing you. everybodythe stock expects to have an incredible quarter. you've talked about the success they have had on all angles in regards to reacting to the covid-19 situation. they are a stock i think will perform extremely well. in terms of stocks that might be surprising, it might be facebook or google. these are companies that everybody thinks the advertising revenue will drop off on the quarter, we have seen estimates come down, they are looking for negative growth quarter to quarter, that being fourth quarter to first quarter in terms of advertising revenue. numbers,king at snap's they are up 44% year-over-year. i would not be surprised if the advertising revenue does not drop as much as everybody is anticipating, therefore getting better quarters out of two companies everyone has been negative on. alix: interesting perspective for that. i want to check on amazon b

also microsoft hire even as sales surge 15%.ufacture you may be using microsoft teams more than you used to. customers using the cloud more than ever, saying the company still does face some companies because of the lockdowns >> ultimately, microsoft is not immu immune from what is happening broadly in the world in terms of gdp growth at the same time, if there is going to be economic activity, i would claim digital would increase >> we are not immune to this crisis we did see a steep decline in advertising the beginning of march. we did see recent stabilization. >> caller: there is an impact on the economy and we are not immune from that the product of our teams has been very robust >> now with joel from wedbush. have you and your team liked what you have seen as guidance from these companies so far? >> yeah. i think the debate continues to intensify. increasingly, march numbers are good you are seeing one company pull their q 2 guide and the full year getting a pass for that as far as technology goes, we've heard from google 3

company's founder bill gates even referred to open source projects as a new form of communism now microsoft has shelled out 6500000000 euros for good hap a key open source software development platform and i.b.m. recently bought open source software developer redhat for a staggering 30000000000 euros making it i.b.m.'s biggest takeover ever which impact will this have on the open source community or tech idealists giving in to market pressures we asked mikel boom from the technical university of berlin who's been involved in the open source community for 20 years if he could so as you will in the commercialization of open source software that we've been seeing also with the acquisitions of red hat and get up hasn't really impacted the daily business because you still have free access to the software. not everyone in the open source community is as optimistic as. open source was designed to be collaborative and decentralized but its future looks uncertain for its recently ran a story titled is open source broken out. sure a talk given by getting the chief operating officer erica pressure she