and microsoft also had numbers out better than expected so those five companies facebook microsoft apple amazon and google they alone made about a good twenty percent of the gains of the s. and p. five hundred in total in the past year twenty percent is not to be sniffed at so if we see those giant tech companies spend those stock market records what does this send tell us about the state of the u.s. economy because trump of course had been taking credit for those rallies. now well but i mean if donald trump is taking credit of the rally and it's especially of economic growth here in the united states we shouldn't forget that for example this tax reform is just starting so we can't have any effect on the u.s. growth yet but on wall street we trade expectations and so therefore the u.s. president does have a certain impact was the recent rally here on wall street but as the numbers of those big tech companies are a bit mixed we will see how trading will continue on friday he ends court in new york for us thanks for your analysis. now two years after taking office cuban president raul castro open

nasdaq we're talking about alphabet which is the parent company to google we're talking about microsoft apple amazon those are just name a few of the list goes on and on and like i said when you think of them or the newer technology companies you're going to think of it as that and when talk about stock exchanges we can go back to the rice exchange in tokyo you know the hundreds of years ago and amsterdam in the sixteen hundreds the relative to those sorts of things nasdaq itself is also fairly new on the market is fairly new is actually founded in one nine hundred seventy one so it's round forty seven years old but it's really gaining popularity especially with the tech boom and the dot com for the last few decades and it's only going to become more and more important as these technology companies become more popular one of the things i think that people may not also know about technology is that most of these trading that the trading that takes place was the first one that was totally electronic and so now most exchanges are electronic but the new york stock exchange in lower manhattan you reporte

that we're talking about alphabet which is the parent company to google we're talking about microsoft apple amazon those are just name a few of the list goes on and on and like i said when you see more of the newer technology companies you're going to think of the nasdaq and we talk about stock exchanges and we can go back to the rice exchange in tokyo you know the hundreds of years ago and amsterdam in the sixteen hundreds the relative to those sorts of things nasdaq itself is also fairly new on the market is fairly new is actually founded in one nine hundred seventy one so it's about forty seven years old but it's really gained popularity especially with the tech boom and the dot com for the last few decades and it's only going to become more and more important as these technology companies become more popular one of the things i think that people may not also know about technology is that most of these trading the trading that takes place. now that was the first one that was totally electronic and so now most exchanges are electronic the new york stock exchange in lower manhattan you reported t

speaking of big tech companies, microsoft before you move into the apple and amazon of the world. >> ome i look at companies in terms of what kind of milk they have. is it hard to keep out competition? have we had that for years with windows? now there are kind of a hardware cloud computing company. anyone can be a cloud. their hardware has not excited anyone for years. this would be another pass for me. >> we are zero for two so far. how about this. i'll go to amazon. everyone most amazon. every single story we do, the quote, unquote amazon effect in the effect it's having on you pick your industry or your company. what about the stock price came in the run-up we've seen. >> fantastic and i still love it. it is the flipside of the mill boat story. what is amazon most? that is fantastic, but anyone can do and are not. it's the distribution centers, fact they give product out within two days. who can compete with them? the only one that showed relevant as wal-mart, but wal-mart just doesn't seem to get the internet. i've never gone to wal-mart.com to order product. maybe if they change

oil majors ruled the roost just a decade ago now the most valuable listed companies are apple google microsoft amazon and facebook all tech giants that have turned the corporate world on its head the austrian economist you'll see it once said situations emerge in the process of creative destruction in which many firms may have to perish but he was concerned the corporations of his time would stifle innovation and end the destructive process is fears were unfounded. what is disruption. wrecking destroying cracking open now with the old in with the new innovation. taxis with human drivers set to be replaced by autonomous vehicles. big factories with jobs that involve heavy lifting forget it let robots do the work disruption is not a new phenomenon steamships for example replaced sailing ships and horse drawn carriages gave way to cars wikipedia made print encyclopedias look quaint while digital cameras finished off thirty five millimeter film the drawback old companies like kodak went bust and lots of people lost their jobs the advantage everything speeded up got cheaper and for some ideas fortunes wer

microsoft, apple and amazon without the aeros. they picture, neil.eople are feeling obviously it's a different picture, differently at the land. neil: thank you very much. a new federal reserve chairman has been sworn in for the next two years. adam shapiro at the federal reserve at the very latest. all of a sudden his world has changed a little day. >> is world has changed a little bit, but you can expect more of the same because they like consistency and there's no expect nation it would shake up the normalization of the balance sheet or the repair to raise interest rates. remember as you look at the picture is now the chairman being sworn in at the federal reserve, remember they were planning one of the inner workings here at the fad, leading three interest rate increases this year. some analysts have banks across the country predict in as many as four as the economy heats up, but then you hear people like president harker out of philadelphia saying perhaps there should only be two. jerome powell is now the person in charge. here's what he said ab

liz: amazon has the stretch to go to be the first trillion dollar company, apple has a shorter run at the first 1 trillion. stuart: amazon just passed microsoftcome the third most valuable company in the world. apple, google, amazon, microsoft. that's the order as we speak, okay. that guy is worth 118 billion right now. check that market. we have had a turnaround, ladies and gentlemen, i was hoping for it so totally wrong. so now we are up 44 points, 25,242, friday morning, following a great week, we are up. oh, bitcoin, that's interesting. they are back to $10,000 per coin right now. ashley: steady rebound. interesting. stuart: in line with the stock market's rebound. is this significant, david? >> well, significant because it's showing all risk assets are seeing positive inflows, one of the positives for bitcoins was not supposed to be correlated. turns out it's correlated. the one thing that's not going up is the u.s. dollar. i'm trying to factor that in. flag for inflation. stuart: i'm going tell him to put make-up one day and get on the set. steve wynn as you know out as ceo of the gaming company that he founded. he gets no compensation

five largest boost highly valued companies in the world and they are undermining google, apple, microsoft, amazon and facebook. these are not in themselves bad companies. all of our friends companies want to be monopolies. that is natural you want to dominate the market but is it good for innovation. we need the same kind of regulation today whether it is antitrust regulation, whether it is new walls on protecting the data privacy for consumers, whether it is the law of perhaps even how. sensible business people whether it is bill gates recognized the value and i think silicon valley is changing and more people in silicon valley are recognizing that the technology is about to be regulated. we moved into what steve called the third wave, and the third wave i think he's absolutely right it is the political stage. the french are excessive regulators which forces them to pay newspapers and it is absurd. and counterproductive. >> i want to get into that because i know that one of the concerns i have is particularly washington where the regulators our age and older to get them to understand what the ra

the world's biggest technology names posted earnings over the past few days facebook apple amazon alphabets and microsoft produced quarterly revenues of around one hundred billion dollars altogether and that's likely to continue back in two thousand and thirteen the economist predicted a looming tech clash in twenty eight hundred internet giants are under the microscope over the way they do business new data privacy rules will go into effect in the e.u. in may germany is already investigating how facebook uses the data from millions of its users and the u.s. is looking at whether apple broke laws with software updates which slowed older i phones and congress is holding more hearings on the use of social media platforms to allegedly disrupt the u.s. elections consumers too are asking if things like smart phones designed to keep us on line for longer are just making companies richer at the expense of children's mental health so joining us now from new york is daniel eyes chief strategy officer and head of technology research at g.b.h. insights thanks very much for being with us so let me ask you there has

we have a few in the green qualcomm, netflix, apple, amazon, microsoft.se are all the single biggest stocks in the biggest etfs shocr. wee ckig aer this. >>> barclays making a big call on volatility on stocks all the way back in december of 2014 this is what they wrote. i posted it on my facebook as well volatility is shortening via leveraged etps, and this is a cause for concern, especially because effective liquidity is thinner and managers of these products are required to buy vix as they go up, which could amplify volatility moves by the way, that was back in 2014 now, barclays writes we estimate that the current aum in this type of strategy is $305 billion, and they, managers, would likely need to decrease their leverage given the increase in expected volatility, although precise timing is difficult to ascertain, the estimate is these funds would need to sell $225 billion worth of stocks over the next few days that's the same barclays credit analyst this morning who wrote that piece back in december of 2014 i'm not sure that he knew how right he migh

these are premarket quotes, facebook, amazon, microsoft, alphabet, apple, all of them opening lower thatning. how about the banks? now they are supposed to benefit from higher interest rates, look at them now with interest rates going down, still more losses among the banks. these were the biggest drags on the dow yesterday, look at them now, boeing, exxon, 3m, home home depot, united technologies, all of them down again at the opening bell today. these were the biggest drags on the s&p 500, look at them now, these are premarket quotes, wells fargo, that's a special case, crack-down from the case. iconic and video energy devices, all of them going down again at opening bell. jeff sica is with us, he's a market watcher, i want you to give advice. all viewers are out there, what on earth am i going to do, address the group of viewers who are say within five years of retirement? >> first of all, i have been warning about levels, one thing the market should do to invest ors is come pla sanky has no place in investment strategy, those people who are retiring within five years, those people wh

. >> the markets in the meantime, facebook and microsoft moving higher after they reported earnings. apple, amazont on deck to report today. lauren: take a look at the yield on the ten-year treasury note above to .7% as the fed signals another interest rate hike next month. trying to start coming off their highs late in the day on

fourth biggest is the i shares growth and ivw, 26% of the holdings are -- you guessed it apple, microsoft, facebook, amazon and both classes of alphabet finally, the schwab u.s. large cap growth etf, 23% of the four holdings are -- yep, apple, amazon, facebook and alphabet but it does feature berkshire hathaway so if you are thinking about buying these and which might be the most diversified based on the least concentration of stocks at top, it is not the qqq. the most popular one 61% of its weight is just the top 15 stocks, the least weighted to the top is the iwm it is 15 stocks make up just 36% of that waiting. so let's talk about this joining us is a legend in the industry, john van vex, they have a number of etfs which none of which he will tell you are levered. and i'm not trying to scare anybody and these have done a lot good afternoon for people. and what i'm trying to point out and tell me if this is bunk, when you have a couple of big names, running the show in the etf's, if investors decide that amazon or apple or whatever is overvalued and start to sell it, do you think it would have the power

amazon up. facebook down. alphabet, microsoft down. apple up but only 3 cents. ashley: shake it all about. hokeypokey. ashley: that's right. stuart: 2.85 on the 10-year treasury we speak. scott shellady. how high does the rate on 10-year treasury go in this go-round? >> you know what? i think if you're talking like some folks are 3 1/2 to 4% you have to rip the face off the ball when it comes to innation. i don't think we'll get that much inflation. we're going so get some. we lost natural buyer bond with the qe program ending, now the government need to borrow more. i think we're looking somewhere to 3 and 3.25%. that is probably where we're going to go. stuart: i would imagine, stock, the stock market could handle a 10-year yield of 3.25%? >> once, stuart, once we digest this idea, the stock market might actually like that, right? because that is going to put more fat in the system. smaller lenders can make money. put more margin in the system. so after we finally get over the fact, hey, some of this good news is good for the economy, the stock market could actually like it. stuart: i wa

some top holdings in this etf, apple, microsoft, amazon, facebook and alphabet.lee ed, it's good to have you here because you can kind of remind us what's changed with these companies. >> what's fundamental about these companies. >> yeah. so, we were just told apple was at a four-month low, for example. amazon going into this week was up 40% on the year so - >> we just passed earning season for the big tech issues. i think apple had some disappointment, some softness in their iphone sales a lot was predicted. i thought a lot of that was priced into the market already i think amazon did the best in the quarter in terms of what they showed, what they demonstrated what's interesting about that company is you don't know when you'll get a profit quarter to quarter. that's not why you invest in that stock you invest for the top line, for the thing going up and up and up that's the thing if you're doing puts on this, you know, how far out? maybe a few months out yes, there's going to be some pullback but longer term, six months out, even a year out, i think these guys a

amazon's market value soared above $685 billion this morning, surpassing microsoft for the first time. its stock has grown 21% so far this year. amazon still trails behind apple, valued at $815 billion, and google's parent company, alphabet, valued at $750 billion. >>> bud light is making good on a promise to philadelphia eagles fans. last summer an eagles lineman promised fans free beer if they won the super bowl. bud light promised to foot the bill. now that eagles fans are celebrating their championship win, bud light says it will pass out free beer during thursday's victory parade in philadelphia. fans 21 and older can redeem the offer at bars along the parade route. >>> doritos for women may be a no go after all. the brand responded to backlash on twitter saying we have doritos for women. they're called doritos and loved by women. this is after the ceo of pepsico said men like to chomp down, and lick their fingers. the ceo said they're looking into quieter, less messy doritos for ladies. many called it a roadblock to gender equality. >>> a puppy caught red-handed pawing at socks on a couch, but he's got a trick up his sleeve to get what he wants. at at&t

amazon up here, apple, microsoft, all good news there as we hone in on the stocks, they've been big performersup and up, and apple and microsoft and the list is appearing what to buy with the markets bouncing, i guess i've informed you. anyway, neil, back to you. >> thank you very much, gerri willis on the floor of the new york stock exchange, where stocks are up about 144 points. meantime, the president, of course, is still talking up infrastructure reform proposal that will cost maybe 2$200 million up-front, maybe a trillion and a half over ten years where, does he get the money? proposed hiking a gas tax, somewhere looking at mileage tax, maybe both. the mileage tax gotten people's attention, to michelle how a plan would work. explain the mileage tax, how would it go? >> what it is alternative tax, not a new tax it. replaces the gas tax for those individuals who are participating in our program. so when they sign up for the program, they elect to pay the permile charge instead of the gas tax. they select account options, receive a device, it plugs into the car, the device transmits mileage

currently facebook, microsoft, and apple are up but amazon's down and alphabet'sdown.ltbaum, kaltbaum capital management kind of guy. what about facebook, would you buy it? will it go higher still? tell me your analysis. >> i think it is going higher but my worry the market and facebook are ahead of themselves. let's say this, their sales are up 47% a year. this company is delivering everything they said they would deliver on, the market is thinking, they're doing the right thing. earnings are up 80%. i like it longer term right here. i would probably wait. i think we may be in little bit of corrective mode. stuart: tell me about microsoft, i believe at new high today, above $95 a share. where is it going, gary? >> i think it is ahead of itself. i this everything is great, the numbers are good. by the way, microsoft sales were up 10% year-over-year for a company that gargantuan it is an amazing story. amazing story of a company everybody thought was going to be in big trouble as of 2000. now it he eclipsed numbers from 2000. i think it goes higher longer term. same wit

and how could that set the tone for a number of other aging unicorns dropbox names amazon, apple, google and microsoft as risk factors, the field that investors will be closely scrutinizing after snap and blue apron fizzled in their debuts amid threats of bigger tech names. other unicorns will be watching this ipo as well. they include uber, spotify and airbnb. uber is on track, melissa. >> thank you very much. >>> so with dropbox going public with this unleash the unicorn ipos. brick heightsman an early stage, great to have you with us. >> thanks. >> you're in the position at companies now that might actually go public, do you watch ipos like dropbox and how they trade first before deciding whether or not to go >> completely. marketing conditions is one of the key factors and we've been investors in a lot of great ipos going back and going forward, we have a number of companies getting ready to go and we look at market conditions and now is about as good as market conditions as we've seen. >> are you yourself feeling the push to push them out the gate >> not really. we look at the right time to go. y

apple, amazon, also that "after the bell" tonight. we've got the preview. last night we heard from facebook and microsoft after the close. a rise in profit but investors showed that the concern after the company said users are reducing the time they spent on the social media site for the first time ever. microsoft topped expectations on news that it took a one-time tax related charge of nearly $14 million. the stocks are bouncing. the market spending the day higher. the dow in january at 6% for the overall month. futures this morning take a look. dow industrials at 72 points in the futures that could have pulled the dow down 40 points. the dow and s&p are higher with earnings as we speak beating expectations on revenue as well as earnings. european markets looking like this. cac in paris up half a percent. dax in germany of one third of 1%. overnight in a check of the nikkei average are good. japan up one and two thirds%. the other majors as you can see mixed fractionally moving. tragedy on the tracks are poor. the carrying republican lawmakers to their retreat with several lawmakers from their seats. the details as the

amazon and apple, remain under pressure this week as lawmakers in d.c. and others call for the deconsolidation of some of silicon valley's major players, this as amazon surpasses microsoftirst time in market capitalization. it now trails only apple and alphabet among publicly valued companies. our next guest has a piece titled "silicon valley's tax-killing, soul-sucking machine. scott galloway is joining us as well as early facebook investor roger mcnamee, who published and op ed in the "ft," how to drag big tech away from the dark side all right, go at it, guys, although you kind of seem to have a similar view to a certain extent you really are very strongly opinionated on this point. why? >> i believe this capitalism is the worst system of its kind, except for all the rest, and the key to maintaining capitalism is fair wage-labor compact and competitive markets, and i think the markets are no longer competitive. i think they're failing. >> and what do you cite as evidence of a lack of competitiveness? >> press release with the name amazon in it, and within two hours of the opening bell, health care industry sheds $31 billion. amazon could take any stock on this board

amazon up another $21. microsoft is up a buck. google is down $10. apple back to 163.l over the place today. ashley: pepto bismol. stuart: what? ashley: pepto bismol. stuart: we were down 350 at the start. now we're down only 34 points. i think we need a little perspective. i will try to do that for you in a moment. . . this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities - trade confirmed - and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. stuart: after last week's big selloff you can be exuded for being nervous this monday morning. we are not used to stock market prices dropping. that's a 4% loss. we are down just a tad more right now. anxiety is inevitable. there are a lot of people who are looking at money and worrying that all those wonderful gapes are going away, time for some perspective. first of all, stocks are going down because the eco

stuart: the big tech stocks, same story we brought you ten minutes ago, facebook, amazon, microsoft, alphabet down. appletwitter reports first profit and 12% increase in daily active users from a year ago. that thing is up 23%. grubhub, food delivery service, record high. announcing a partnership with yum brands. investors really like that. grubhub is up 27%. that is a nice move. viacom, cutting costs, making money. exploring a merger with cvs. viacom owns paramount pictures, nickelodeon, mtv. investors love this one. >>> tesla, more production troubles with model 3. we'll get into it a little bit later. the stock is down 2%. 338 on tesla. here is david dietze, chief investment strategist for point view wealth management. can we relax? is it over? the panic is gone and done? >> every time people tell me a little correction is healthy i am so skeptical. no one a longer term bull on the product activity of the american economy and what our country was going to do, any pullback is healthy was not enough to get rid of that speculative froth. some people went through the windshield. we know there is a lot of

amazon is not the biggest part of the triple qs. if you mike microsoft at it's multiple, i think you would great that apple is at least on your radar screen. it's the tonality of what amazon does and how much time people focus on that as a core metric of growth in tech. i don't care what percentage of the index they are if either of those had a major correction, it would pull back a lot of names semis are also controlling the world. yet they same to trade in a different sphere and netflix, kind of ran lapse around disney by not focusing on buys back stock, but by investing in its plat much, and international growth and said if only they paid a different i look at every day as where i do deploy -- i asked myself when i look at these names, when i have to deploy capital to 20% weighting, would i put it in netflix? no, i think those multiples are in sane. >> i agree i'm just pointing out that they have always been the investor base are not specifically looking for current income on their shares, and, by the way, if netflix had played it safe and listened to wall street and listened to the consensus, they might not have made the investm

only one that is down, apple, alphabet, microsoft. amazon, $1458 a share. we have cisco.hey will bring back $67 billion they had parked overseas. they are going to spend 25 billion on a stock buyback program. that is always good for the stock and it is today. 4% higher. have we got , general electric, whoa, $15 a share for good ol' ge. there you have it. >>> i have to return to the florida shooting. 17 people killed after this gunman opened fire. that gunman is nicolas cruz, arrested charged with 17 counts of premeditated murder. president trump tweeted about the gunman earlier this morning. so many signs that the florida shooter was mentally disturbed. even expelled from school wither rattic and bad behavior. neighbors and classmates knew he was a problem. must always report such incidents to authorities again and again. authorities in florida will hold an update soon. the president will address the nation at 11:00 eastern time this morning. we'll bring you both of those events. we'll bring them to you directly. pete hegseth, "fox & friends weekend" co-host joins us now.

. >> between google and microsoft and hp and amazon, everyone else has already moved in. apple bought up more land. we have plenty to deal with on our plate. i made it clear we wouldn't offer necessities or tax breaks and i think that's what they're looking for. we get it. >> have a great state of the city and we appreciate you taking the time this morning. >> thank you, have a great day. >>> coming up next, illegal dumpling -- dumping and oakland, looking at a new camera system that doesn't seem to be doing a lot to catch the culprits. >>> is dating your coworkers a good or bad idea. a new policy by google and facebook in the wake of the etoo movement. >> we continue to cover the developing news out of berkeley where the driver of a car died after the vehicle collided with an ac transit bus and the bus crashed into a house property. >> it happened near california street and sb avenue. >> it's close for a couple of blocks, allie rasmus has been at the scene since shortly after the crash and she joins us with the latest.>> reporter: the crash happened at 6:30 am, ashley in calif

so plan your weekend amazon is worth more than microsoft, the on line retailer's market value of $685 billion makes it third largest corporation in america , behind google and appleplanning to build a second headquarters in philadelphia, in one of the 25 finalists to host the new site >>> popular fast food item could help grow a healthier head of hair. >> it sounding strange but new study says chemical that mcdonald's uses to cook its frenchfries can generate hair growth, type of the silicone that reduces oil splatter while fries are cooking japanese researchers say silicone can produce new hair follicles but more research is needed. >>> barber shops might be surprise on the side. >> maybe, i don't know, eating things to make you grow hair. i have a lot of questions. >> more research is needed. >> yes. >> it could be but more research is needed. >> high tech treatment that seems to stop trembling hands. >> high tech treatment that seems to stop trembling hands. >> stephanie s ♪ ♪ there are two types of people in the world. those who fear the future... and those who embrace it. the future is for the unafraid. ♪ ♪ the future is for the unafraid. let's team up to ge

continued to do extraordinarily well, we have five of the biggest on the board, facebook, amazon, microsoft, alphabet, apple want to bring in jack to give us his opinion, tech, can they keep up, keep this going? >> yeah, i think they can. i mean, obviously these have run -- the fang companies as we have called them have run faster than the market as a whole. i think there's more value in some other places but doesn't mean these can't continue to run. reason is that new technology -- we live in just an amazing period of time, you know, while everybody has been bearish over the last nine years, i mean, this isn't tech but invented and perfected fracking, invented apps, the smartphone, the iphone x, it's ten years old, this is all happened in the last ten years, it's changing our world, it's boosting productivity, it's boosting profits and efficiency and that's what drives the market in the long run and i don't see why it can't continue. charles: jack, your thoughts? obviously artificial intelligence, robots, autonomous cars, the internet of things, all of these things just now you have to say, first, second a

. >> it is interesting to note, i think the five top market values are apple, alphabet, facebook, amazon and microsoft mentioned one of the biggest s&p laglaggards. mike santoli is here. >> it's the weakest sector in a very weak market the sector as a whole down about 3% at the moment xle, let's take a look at some of the etfs that actually play on this sector xle is the broadest and largest of them all. it is down pretty much about that 3% that we saw the broad market down. this one is dominated by the integrated majors. exxon and chevron together have 40% of the etf exxon is down some 5%. one thing i will note about the xle is this decline has brought the dividend yield up 3% it was above 3% during the oil crash. also, the xop, that's the exploration and production etf, it's basically equal weighted. no stocks in particular dominate that also down 2.9% down 10% on a one-year basis oih, this one dominated by halliburton and slumberge. basically nowhere to hide in the energy space, guys, in particular i think because some of the downstream operations of exxon mobil were the weakest, chemical, petro an

brought and sit back this morning is not the time if you have been holding core holding in amazon microsoft facebook apple two years, three years, you don't the get up this morning and say sell, you are going to sell that, let's see how the market reacts in this i don't believe this is cause -- again 11% drawdown peak to trough not cause for bear market major collapse this is several hundred point move has been -- become normal we were down a few hundred points yesterday closed flat three up daisy market going to open down today, the market goes up and goes down take deep breath look at information if you are too exposed to equities sell them on this sell-off sell on rally -- but -- >> the danger we need to point out to people, if you are trying to reallocate your portfolio, reduce your stock allocation, you have to be careful what type of fixed income that you put it in, because if you have longer term treasurys think long ohr term rates keep going up north % that is a loss -- ooh north of 3% a principal loss if you are not careful you have. >> asset allocation challenge entering period of rising interes

apple is building their own data centers over time. profitables a business, certainly with the cloud business as you are seeing with amazon and microsoftto underscore that comment. i'm going to point out something our tech reporter said -- apple has to work harder to sell related services and other devices. and also means less time for the company great the next big hit. augmented reality, virtual reality, or automation. you are kind of narrowing your window from big numbers to sell things that you are talking about, developing a greater proportion of revenues. the bridge they are crossing is a bridge from being mostly a hardware vendor to a much more balanced revenue mix between hardware, software, and service. >> what is the last software product they develop that everyone loved? their ownhe app on screen on any of the iphones they developed? they can't even do their own podcast app that works. tim cook knows what they are good at, they make hardware everyone wants and he focuses on that, thus gross margins do well. i don't think he knows how to push to the bottom line or top line, real revenue. 10% is other services, that isn't goin

we have amazon, facebook and alphabet up. microsoft and apple fractionally down.e, it's a gainer today, one of the very few but not much. it is up six cents at 14.73. oil, shale production is absolutely booming. that is pushing the price of crude down to 58 bucks a barrel. we have latest read how much they have in storage at 10:30 this morning that could affect the $58 price. >> immigration push, i say there is reasonable shot at is a deal. listen to charles schumer. roll tape. >> if we can come up with a bipartisan compromise, looks like it is in the ballpark of 60, let it rip. let's go. stuart: let it rip. mark short white house legislative affairs director. marc, the president seems to be absolutely determined on one thing, that is the wall. is that a non-negotiating position? >> well, stuart thanks for having me. i think the president is sincere not just about the wall but fixing this program once and for all. we're trying to avoid a short-term solution which congress does kicking the can down the road and having and bade approach. as you were seeing in the in

if you look at facebook, apple, amazon, which isn't even included in the tech companies, microsoft, google'sthe gains we have seen so far this year in the msci world index. those four or five alone are really pushing it higher. spread, it is getting awfully close to us having tech be the sector that dominates global equities. anna: your thought on the technology sector in the raft of reporting we had this week. excited you get about the tech sector with its current evaluations? a research give you typical answer. we are overweight techs got -- tech stocks but if we wrote our market outlook for 2018, we noted tech as one of the main risks. whatever is going to happen, i am always right. aside, what you can see right now and that is also over the last couple of weeks, tech was dominated by momentum. up until yesterday evening, what is the best-performing sector since the start of the year, tech. buyers, buyers, tech there are a couple of thoughts and worries. the earnings picture is tech bubble sort of style while it is only priced into forward earnings and so on, but when you look at simple m

amazon. we like apple. you would feel comfortable putting freer money in what with the other two,ph et and microsoft? are they buys in your book. >> m hrosoft more tail winds in terms of what is happening on the cloud upgrade cycle where you ine really sta to see more enterprises move cloud with microsoft front and center. when you lookt alphabet, you know, inth think this quarter w shaky.ul mately you look at you tube, you look at search. the metization story continues to be alive and well. you talk about tech stocks. the fang-led recovery, we are seeing no signs of that slowing downith apple t first to hit $1 trillion in our >> thank you. >>> the nominee to head the federal trade commission is open to possibly examining tech companies in response to a question about the tech sector's size scope and contro jeph simon expressed a willingness to look at companies like google or facebook to see if they are abusing theirwe >> the place most likely to have anti-trust problems is placesat ave market power. right? those are the places you want to look the most and those are the places you want toou make su

microsoft. >> amazon shares closed $1,451 putting the internet retailer in third place for most valuable company in the world behind google's parent company, alphabet and apple. >>> facebook's forecast isn't good when it comes to younger users. >> market research company e-marketer expects the site to lose 2 million subscribers under the age of 25 to snapchat this year. young millennials like sites that emphasize visuals. apple is acknowledging that home pod is leaving white rings on oil wood surfaces. >> apple says the silicone base is to blame for the white rings. the company says they should fade over time after the home fade over time after the home pod is if you're worried about allergies, you probably should be this time of the year. it's whether you take the medicine that really tips the scale, doesn't it? tree pollen will be moderate. weed pollen, grass pollen, mold spores low. the uv incompetent decdex will also. >>> researchers can reverse alzheimer's in mice. a drug that cuts off a brain enzyme in mice was found to dissolve brain plaques connected with the disease. the drug could one day reverse the disease in humans as well. it remains to be seen

apple versus amazon? amazon are flying at the moment. it is 850 billion now. alphabet and google aren't far behind, neither microsoft.eristics that give them the strength to grow in five years, that is because if you look at the tech themes, boys, cloud, artificial intelligence, automation, you need a certain number of characteristics to be successful. cloud infrastructure, a high number of users, they each have 800,000. and you need cash to invest. they all have it. thank you very much indeed. let's take a look at some of the other stories making the news. japan's financial regulator has raided the offices of the crypto—currency exchange coincheck. they say they were checking their systems following last week's cyber attack which saw the firm lose more than $500 million of virtual assets. the regulator said security gaps in coincheck‘s systems were among the reasons it didn't have approval to operate. shares in the toymaker mattel have fallen sharply after it reported a surprise loss of $252 million in the last three months of 2017 which includes the all—important holiday season. sales of its best known brand barbie

. >> look at the money that facebook amazon, microsoft google and apple have got. and it's -- poblghts on the -- >> streaming a lot of these sports, and this is not as you say -- a captain obvious thing. it is changing size of phones. phones are getting bigger right apple will come out with a new -- fat phone enterings that cbs would release this news but don't make you want to buy stock 19753 that's close to 180 her share. i don't think it is 180 at this point o. ting that's a high in the moment. then this papa johns months after former ceo john -- publicly criticized the nfl's handling of national anthem protest papa johns is no longer prison is it a of the nfl. is that -- said it hurt the sales but now pizza hut is stepping in as official pizza sponsor of the nfl. >> trying to figure out did -- papa johns fire nfl or nfl fire papa johns because they now have the pizza hut deal they mentioned. they said it was mutual but sounds like they got edged out because of the controversy this nfl thing is really hurt a lot of businesses i think -- and lost my shirt on bost