Someone thought there was a method to this madness we are back on the first floor you should watch this show just to see what goes on on times square take my word for it, there is stuff that goes on out there you dont want to miss you got to be 18 for some of this stuff we are ready to go. Brand new set. It is good to be here. We thank everyone for the love beautiful coloring and lights nothing was spared in terms of money for this. Look at this it looks like we are going to take off here. An elon musk designed set. We have that Federal ReserveBoard Meeting coming up. Well hear that decision in a couple of hours. In the meantime, you are watching the futures dow indicated up by about 14 points nasdaq by about one point. Nasdaq up about one point. We touched a high yesterday and gave it back a little bit. Still looking at the s p a couple of points off the alltime high. Dow futures indicated up by 16 looking at the treasury market, still looking at the 10year yielding up to 1. 83 something well be watching so closely as we get ready to hear from the Federal Reserve and continue to get this flow of earnings coming in ge is reporting there is usually a 7 30 report the estimate for ge is about 11 cents a share on revenue of 22. 927 billion that came in with earnings adjusted that is better than anticipated. You are looking at revenues. They are also talking about industrial organic growth and Margin Expansion company raising the Free Cash Flow out look. This time from zero to 2 billion. Backlog at 386 billion. Organic Revenue Growth up to 7 . Two notes on analysts some still apparently have baker hues in their estimates. It is worth noting that ge is reporting the discontinuing operations when you are doing apples for apples. Reflecting another quarter of progress the Margin Expansion and cash amid the macrouncertainty. They say we are raising the out look even with external head winds and tariffs. We are holding to the outlook. Much more work to do. Reduced income from moving baker hues much more work to do. Stocks up about 6 stocks are up. Ge has reported as a dow no longer a dow component. 79 billion market cap under 100. Almost a midcap at this point. Thats not a large cap we can report the next piece breathlessly at t says it will launch new streaming service in may at a higher price point than disney and apple. Hbo max will cost 15 a month. Exact same price as a regular hbo subscription triple of the new Apple Service and disney offering movies and shows from hbo as well as Warner Library including friends and Big Bang Theory and dc movies and will be the streaming home of south park it will launch with a new 10episodes game of thrones prequel. Hbo announcing it will not pick up a separate prequel that was going to be starring naomi wats. It is materially more than apple. Having said that, the amount of content is materially more than what youll get on disney and specifically apple because they dont have the library at 15, it forces the issue for ska cable operators. It is very hard for cable operator whether charter or comcast to say, we are not going to take this i imagine the goal over time will be to collect as many people into this as possible and hope it becomes a this or a netflix. You also have disney that is a big challenger especially if you are a family with kids the question is, how many do you sign up for . I think if you are a family, youll do a disney and then is it a netflix versus hbo max . We have peacock coming that will be free. I wonder whether hulu gets pushed out if we are playing an either or game netflix, i understand. Because hbo, people already have it but then it makes it so much harder for hulu. The big issue is where the content is down the road with netflix, you can turn it off any month. I dont think anybody knows where to price this. Right now, you are right you can turn right out at any given month. What will happen over time like with disney, they are saying buy in for a year. They have introductory offers that never last. A couple of quarters under their belt. Youve seen that with netflix. If youve got the content, people will show up and pay. 3 or 5, they look introductory a lot of people saying profits you dont want to maximize those. You want to try to get to the point of ee las tisity where people will keep it and at least have some margins. The real question to me on hbo, how many more people will get hbo because of the bigger library . That seems to be what was sticky what they had paid for to keep inhouse from as much as we no about the netflix viewership aside from these big releases then you have people come on and say you dont need any library. You just need a handful of shows people feel they are addicted to later on, well be joined by barry diller at 8 00 a. M. Eastern time well learn more about hbo max when david sits down with john stankey coming up at 10 30 a. M this news of the two game of thrones guys and bailing out of star wars. Big news for my son. I said to you, there is a backlash against those creators. I think they are brilliant no doubt. He mentioned some stuff that happens on game of thrones. The guy who becomes king stop. Everybody has seen it you havent seen it returning for round two of grilling about safety. Talking with senators and people who were at that hearing yesterday. Concern over the companys 737 max jet. It was a little surreal. Opening remarks before the committee, he apologized to the family members of the families that died in those two crashes on behalf of myself and the boeing company, we are sorry, deeply and truly sorry as a husband and father myself, im heartbroken by your losses much more as alluded to on the boeing earnings at the bottom of the hour coming up, adp, gdp and the fed. Well get you ready. And later dont miss our exclusive interview with barry diller the spin off on his companys dating business. Well be right back. The world is built for you. So why isnt it all about you when it comes to your money . So. Whats on your mind . We are a 97yearold firm built for right now. Edward jones. Its time for investing to feel individual. Welcome back, everybody an early read on the jobs data at 8 30, our first look at third quart quarter gdp. And looking to the fed decision. And it is earnings season. Dom, i feel like we have hit our stride we are just about half way to earnings season. We have themes developing. Not unlike some of those seen in previous seasons this week rolls on this week, north of 40 Companies Reporting their results. Particular focus will be april the closing bell with the likes of apple and facebook and starbucks in there as well those three companies the headliners today the first read on the initial iphone 11 sales. Take a look at the score card. Interesting development here about half the Companies Reported in the s p. 16 miss every other Company Reports earnings will decline just shy of 2 and revenues will be up at 3. 5 you look at the movement, the Earnings Growth has been generated. Health care has seen a 7 growth rate real estate will be a 4 Earnings Growth gainer utilities will grow. Those are the ones and lets talk about the market implications roughly unofficially october 15, these are the sectors that have done the best since that time. Health care is up 5 in that span so far. Financials and materials up 3 and the ledger so far have been some of the more defensive sectors like utilities well watch to see if those play out. Health care, financials, materials are the best performing sectors so far this earnings season. Back over to you thank you lets talk more about the quality of earnings. Whether we can continue to lift the markets. Joining us for that, are you 80 sure we are bottoming in terms of these metrics you have a lot of numbers you Pay Attention to do you have a high degree level of confidence . I do. About 80 sure earnings have bottomed and you point out more importantly, you can see it in revenue that you say companies cant gain revenue like they can with earnings. Thats right, i focused on revenues quite a long time if you see revenues beating expectations that is strong. Youve got 9 growth amazon is an example of that theyve all been reporting decent growth. Telling me theyve made the adjustment to the 2014 to 2016 25 increase to the weighted dollar. Honeywell in particular, they produce and they are affected. Is this a momentary calm could they get worse or is this a new normal if the trade talks and negotiations were to deteriorate much further and had a shock that left the whole global economy, that would be a different story. Based on what has happened so far, it is a big deal. A big drag on china. But in the u. S. , not nearly as much but the main channel it worked through was the confidence channel you had a stock and the flow theyll assume they remain in place. Unless there is additional tariffs, companies will normalize. Confidence starts to rebound then we move on from there im in the position or of the view that unless things deteriorate further well see that acceleration. We are not at 5 we are at four. Well be close if we get that recovery and Business Confidence and spending will tick up, well get back to five you think the Regulatory Environment has been sort of held back and that will insert itself and we are in good shape. The trends in that are pretty robust you had return on equity capped the entire 10 until the Third Quarter of last year the u. S. Banking system is profitable there is an interesting dynamic in that as well. You may have seen mnuchin gave an interview yesterday saying, that isnt the core of the repo problem. Thats how they should be fixing it you werent a math major, where you . No. Son of an engineer he points out that 10 level was crucial. Only then do you see things trade above book value where are we . We are at 12 thats good too this is an Inflection Point. What does that mean for the s p . Is that the new high thats why we are at new highs. The rate of change matters for the multiples. Last year, growth was peeking. This year, it is troughing and reflecting back up expanding and markets will go higher it is likely youll see Earnings Growth go and the market will have discounted it even when the fed says it will hold later. Hold on, we got an Inflection Point and a new set. We are here and ready for positive action. You are going to hear positive news from the fed with the potential. It is not about the fed andrew, the rates arent what matter what caused the melt down a year ago was globally synchro the fed is about to pump 600 billion in the reserve that money is not going to go to just fix the plumbing. It will work its way out into the system the dollar probably goes down as a result that losens trade credit the whole global trade recession should end the market telling you it should end. Autos are rallying in japan and germany. Sweden and germany are outperforming the rest of europe there are two kinds of people in the world those who blame the recent slow down on the fed being too tight or on trump trade wars you are making the case that it is both . In the Fourth Quarter of laelast year, it was global. My whole thesis of this year is that it was an echo of 87. And in 88, the market spent the whole year recovering because the fed responded to it. You had a trade war under way then too reagan put 100 million tariff on semiconductors then okay. Thank you. Appreciate it. We got a story. Your story you appreciate this stuff too. A hands on review of apples new air pods pro hes going to tell us why the Noise Cancellation may be a game changer and why they may or may not fit in joes hears when we come back. Danafarber Cancer Institute discovered the pdl1 pathway. Pdl1. They changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. Um houston, weve had a problem problems. Its human nature to hate problems. But why is that . After all, problems inspire us to mend things, bend things, make things better. To rewrite the rule books, the history books, and future books. Thats why so many people work with ibm, on everything from city traffic to ocean plastic. From new schools, to new energy. From flight delays to food safety. The problems even got us to the moon and back on one tank of gas. And who knows where theyll take us next. Welcome back to squawk box this morning Big Tech Companies are fighting for your ears. Amazon is out with new echo buds and apple Just Launched the new air pod pros weve talked about these a lot you have both. I have this one. I have old school. Which are still great and you also have to solve for joes ear issues i think these will work there are three different buds now. Noise canceling is the thing then there is a transparency mode so if you want to allow the outside noise in say if you are on a subway and you need to hear are these as good or better than in ear bose on an airplane. I carry these around by day but for those road warriors watching us, then i carry the bose for a plane i am the same way im flying this thursday out to seattle. So far, they do have the noise canceling that works well blocking out all the noise you know when you turn on bose and it blasts you and almost feels like you have a head cold. This has a vent that blocks that out. In terms of the health of your ear your health as you walk around new york city whackialkig around your phone and you can hear nothing i am with you but they do have this transition mode these are going to be in your ear always these have a much smaller stem harder to hang on to these the controls are different. You squeeze them to turn on the different modes. You can put different ends on them there is three different tips did you put these in your ear already. You might have heard, shes a germophobe it will walk you through in set up to let you know how good the seal is. They are 3. 99 to replace them. How do they compare to these . Not as attractive i just didnt find them to be as high quality the case is chin si. It uses microusb instead of lightening that doesnt seem like a big deal but most people dont carry this cord. That also has wireless charging. I didnt find that very comfortable. One pro, you can talk to alexa you could say alexa, shell come up the way siri does one thing for amazon is to put alexa everywhere these are 129 versus 250 you are saying but they are not as good. You can distinguish between fashionable to unfashionable yes they are totally goofy least bad least dorky. I like that they shortened the arm. I think it is important so you dont drop it, lose it well talk about this i want to hear about your airplane right ge shares rising after the companys earnings and revenue beat expectations. Check that out now as you see the shares gained almost 7 at almost 9. 70 a share. Well look at yesterdays s p 500 winners and losers through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From using feedback to innovate. To introducing products faster. To managing website inventory. And network bandwidth. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. When you look at the world, what do you see . Where others see chaos, we see patterns. Connections. Relationships. When you use location technology, you can see where things happen, before they happen. With esri location technology, you can see what others cant. Good morning. We are in our new home on the floor of the Nasdaq Marketsite take a look at u. S. Equity futures at this hour the dow looks like it would open up higher. Nasdaq looking to open about two points higher and the s p looking like a margin of green there for now. A couple of pieces of Corporate News a Top Executive at juul filed a lawsuit saying the company knowingly sold tainted or old products to retailers. He claims the company charged the suppliers 7 million for providing tainted liquid he also says the company sold old product without labeling dates and said that the company retaliated against him just adds to the whole story and concerns around vaping 100 . Not the same story but you need to worry about everything you use obviously, maybe in this case, was this a false positive Johnson Johnson shares are rising they say they retested baby powder and found no signs of asbestos in one lot which prompted a voluntary recall of 33,000 two Third Party Labs conducted 15 tests and found no asbestos the thing that jumps out at me is that they bought it on line i wonder about the sourcing. It could be tampered with it could be tainted theyve had experience with that do you have that big nypd, new yorks finest . I cant really see it the wide shot you can see you got the hard rock thats cool. That is nice not in the close up, just in the wide shot. Getting used to our new home. Getting 5used to it what do we think about the arms on the new chairs . I like it karl, how is the gut . When can i breath. Just so people know, the camera adds at least 10 pounds. 12. 12. Ive been checking twitter havent seen anything yet. Now you are egging them on. You have you have nothing in one of your legs and you store everything there you are so svelt thank you ill take a compliment i was saying too skinny this is why we have to move on bayer shares jump. Now says the number of lawsuits related to roundup weed killer has jumped to 43,000 shares up about 2. 1 this morning. Coming up, big day for earnings we have a fed decision today well get you up to speed ahead of the earnings bell we dont want to miss the media interview to talk about media wars and streaming landscape stay tuned heronnbe cc. Theres one thing you can be sure of. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. Learn how cognizant softvision designs experience