earnings they didn't go down well with investors it shares lost over six percent at the frankfurt stock exchange google parent company alfabet also blaming the u.s. tax reforms for its poor performance a quarterly net loss there of three billion dollars but trade us gave the green light to apple and amazon's record profits. it's all signals go for the titans of the new economy retailer amazon posted its first billion dollar profit that's a remarkable change for a company that's a shoot profits until now reinvesting all its income into new high tech ventures like a supermarket without cash registers. for the company's new headquarters in seattle founder jeff bezos said the alexa voice assistant had well exceeded expectations. ok jeff. meanwhile google parent alphabet said its profits would have been up but it chose to pay a one time charge of almost ten billion dollars to bring cash back to the u.s. under the new tax reform there. and bumper results for apple two sales of the i phone may have dipped slightly but c.e.o. tim cook called it the biggest quarter in the company's history saying the flagship i

is did not go down well with investors it shares lost over six percent at the frankfurt stock exchange and google parent company alphabet or so blaming the u.s. tax reforms for its poor performance a quarterly net loss of three billion dollars that the traders gave the green light to apple and amazon's record profits. it's all signals go for the titans of the new economy retailer amazon posted its first billion dollar profit that's a remarkable change for a company that issued profits until now reinvesting all its income into new high tech ventures like a supermarket without cash registers. for the company's new headquarters in seattle founder jeff bezos said the alexa voice assistant had well exceeded expectations. ok jeff. meanwhile google parent alphabet said its profits would have been up but it chose to pay a one time charge of almost ten billion dollars to bring cash back to the u.s. under the new tax reform there. and from her results for apple to sales of the i phone may have dipped slightly but c.e.o. tim cook called it the biggest quarter in the company's history saying the flagship i p

stock exchange. this was an. old. google will be. one of the weaker ones. was not according to the case of. china's investor early geely company has become the largest shareholder in germany stunner a company stock market filing say he bought a nine point seven percent share in the maker of luxury order. is the chairman of gilly automobile holdings so multinational automotive company based in china the billionaire already has holdings in europe gilly acquired sweden's wallboard car maker eight years ago. and time for the latest from across the pond so let's turn to saw fisherman ski our correspondent on wall street have a selfie in new york nice to see you now first off the monetary policy report has been released to congress today tell us more what we should be looking at in that report. oh for investors the main question at the moment is certainly if there might be a forced rates hike in twenty eighteen and the report offered only little clarity in that regard in the center of it it was basically the fat's assessments of the american economy and how they are going to further proceed with

investors dr bank shares shedding more than five percent at the frankfurt stock exchange another firm hit by the u.s. tax change google parent company alphabet which blamed the reform for its quarterly loss of three billion dollars setting aside eleven billion dollars for taxes as it brings profits home without that alphabet remain highly profitable driven by search advertising budgets looking for new sources of income among them life sciences cyber security and self driving cars. apple on the other hand has yet again had a record quarter making a profit of twenty billion euros in the final three months of last year better than expected sales of the recently released i phone ten cost revenue to soar but the models have to price tag has helped obscure a trend likely to be worrying the company sales of i phones overall were down compared to the same period last year as life becomes ever more complicated and digitized consumers are crying out to get in touch with the simple design in the real world buy them watches furniture even mattresses here in berlin one man is following a century old family tradition making mattres

biggest lender shedding more than five percent at the frankfurt stock exchange currently while another firm hit by the u.s. tax change google parent company alphabet which blamed the reform for its quarterly loss of three billion dollars setting aside eleven billion dollars for taxes as it brings profits home now without that alphabet remain highly profitable driven by search advertising but it's looking for new sources of income among them life sciences cyber security and self driving cars. apple on the other hand has yet again had a record quarter making a profit of twenty billion euros in the final three months of last year better than expected sales of the recently released i phone ten cost revenue to soar but the models have to price tag has helped obscure a trend likely to be worrying the company sales of i phones overall were down compared to the same period last year now super bowl fifty two is due to kick off on sunday the season final of the national football league is the u.s. is most watched sporting event is also traditionally an advertising extravaganza at least one of the three hour spectacle is usually reser

stock exchange. five minutes in the bell rings, the story is walmart, gerri. reporter: what we're seeing tech the only sector in the s&p in the green all day long. googleosoft, amazon, intel enjoying gains here, the overall sector up about 0.6%, this sector did better than others last week. these are growth companies, companies that have a plan going forward into the future, and i think investors like that right now. if you were to drill down on amazon, this is a stock that is simply refused to go down in the sell-offs. it's been the one stock certainly that so many investors wanted to stay on board, but all of the companies really doing well here, and you mentioned financials doing well. i have to tell you, technology even beating out financials today, as we see these companies for a variety of reasons because they're remaking the way retailers sell their goods, because they're remaking the way drugs are sold in this country. seeming like every category getting involved in technology. we see this sector really go to town, back to you. >> yeah, gerri. the future really is technology and investors know that. charlie gasparino, final thought to you, we h

facebook, apple, google here how to buy into tech growth beyond f.a.n.g., we welcome for the very first time, is this true, first time on "closing bell" here at the new york stock exchangegood to see you. >> yeah. you just named a whole heck of a lot of names that really were a big part of the s&p's performance last year. they got out of the gate some of the first ones to go down a couple weeks ago. one thing that's interesting after you have a big drawdown in the market to see which of the market leaders make a new high we see where amazon closed today, 1500, all time high what's interesting, i think steph tweeted out yesterday that amazon's gains 30% year-to-date is making up 30% of the s&p's gains, year-to-date. you have a heavy concentration in some of the private winners how do you broaden this out? how do you not be in such a concentrated story everyone knows the amazon story. i think you want to go old school a little bit. i think youwant to think about low growth names but cheap valuation. intel, cisco both reported good q1s in the last couple of weeks. trading well below market multiples, reporting nice dividends. i think there's ways to play in some emerging t