We also hear from starbucks. The results that could change your fortunes in a flash coming out in just moments. Plus Republican Leaders are scrambling to shore up support from both conservatives and moderates for a new health care bill. Could we see another vote in the next 36 hours. Helping your heroes, President Trump signing an executive order for our veterans. Well bring it to you live. Among our guests mashables lance ulanoff, congressman andy biggss, zane tankel, Lieutenant Colonel oliver north. Taya kyle all coming up in the hour. Melissa companies with combined worth of 2 trillion reporting in the next few minutes. The results have a major impact on markets tomorrow and your wallet. Here is how theyre ending the day today. Amazon, microsoft, alphabet already closing at new record highs ahead of their results. Well see if they can hang on to that. David as we await word from the tech giants, i want to bring in our pannell, lance ulanoff, mashables editoratlarge. Scott martin, kingsview asset management, hot hardware editorinchief, carol roth, former Investment Bank are and entrepreneur. I will to to lance first, youre the tech expert. Tech stocks, what are we on the verge of, some new technological revolution . If you think about ai. Everybody getting david hold on one second. Amazon reporting First Quarter results. Lets go to lori rothman. Give us the numbers, lori. Reporter shares trading higher as a result of numbers. Earnings per share 1. 48 versus expectations of 1. 12. That is only better than expected. Revenue expectation was 35. 3. So a little bit better, 23 increase in revenue for amazon from this time last year. Headlines still crossing. If you were lucky enough to get in on last earnings drop. Youre to be awarded. We owned amazon for a long time. Lance talked about it prior, this is the technological. Technological revolution. I would run, not walk to pick up shares. Melissa everybody believes in jeff bezos, next her call man. Started out as a books company. Spent fortune doing the cloud. Reading books, not ipads, that is not his devices. I didnt believe him. Now he is pouring a ton of money into original content for prime. That is the incomes big gamble. Will that pay off or is there an end to jeff bezoss miracles . What do you think . He is not just pouring money into content, he is reaching out everywhere. They introduced something echo look, put as camera inside your bedroom to tell you if youre dressed right. Melissa that doesnt sound good. Only if you talk to it. That ties directly into retail business. Maybe you dont look so good, maybe you buy more clothes from them. Melissa thats interesting. Lori rothman. Alphabet, Parent Company of google out for the results. Is ashley giving that to us or lori . Ashley, go ahead and give that to us. Im all over Alphabet Google, whatever you want to call it. , per share coming in 7. 73. The estimate was 7. 39. Beat on earnings, revenue coming in at 24. 75 billion. That too is a beat. It is up 22 yearoveryear. The paid click growth up 44 . However the costs per click, that is your average ad revenue is down 19 . The stock shot up about 3. 5 when earnings came out. Now coming back a little bit, still up 2 afterhours, guys. David thank you very much. Cost per click was expected to go down 11 . Look again, what is happening. This is two for two right now. Both Alphabet Google and amazon doing extraordinarily well afterhours. Carol, there is a lot that google is doing now, didnt used to. Still gets vast majority of money from advertising. It does a lot of other stuff as well. Well look closely at that are we not, as well as investors . We do look at that. I think what is interesting about google, even though they are always investing for the future, they stayed true to their Core Competencies for the most part. Not a situation like old yahoo you didnt know what the company is about. Google continues to invest and a great brand trusted from Small Businesses to individuals. And they just continue to keep innovating. If you look at where theyre priced, versus an amazon, for example,n multiple basisu know this is a company that you can actually understand their valuation for future. David amazing, theyre both in the 900dollar range per share of stock. By the way, starbucks out with their Second Quarter results. Lori has the numbers there. Go ahead, lori. Not as good as many on wall street had hoped. Numbers here, 45 cents a share, that is in line with eps let me move on to revenue. This looks like a bit of a problem. 5. 3 billion, versus 5. 41 billion stilt. Starbucks will no longer give forward guidance. Melissa ooh. In terms of samestore sales. That is troubling with investors. Theyre bid off 1 and 3 4 in extended session. Back to you. Melissa let me go back to my panel. Carol, let me ask you your reaction for this. They will not provide historic guidance. They would get back to historic level of 5 samestore sales. Well look for those numbers. This doesnt bode well for that. Howard schultz stepped down from the ceo into executive chairman role. Starbucks is interesting one. It obviously has very full valuation. They have a lot ahead in terms of china, when i did an interview with Howard Schultzs last year we talked about infrastructure put in place to make china a huge opportunity. That potentially could be bigger than the u. S. U. S. Basis they are potentially struggling. Kevin johnson, the new ceo has a very different take. He has a technology background, a different way he is going to approach this this is one where there is a little bit more risk in terms of that forward story at least in the near term. Melissa microsoft reporting Third Quarter results. Ashley webster with those in the newsroom. Ashley. Start with earnings per share, nongaap number3 cents. The stilt was 70 cents. We have a beat on earnings revenue. 23. 6 billion, right where it was expected. I want to look at the cloud platform, this is what they call intelligent cloud owth coming in at 2. 18 billion. Linkedin, this is the first full quarter linkedin part of microsoft. They bought it of course last year for 26 billion. The revenue from linkedin for this quarter, 975 million which is a little better than the 950 most analysts have been predicting. Ashley, thank you for that. David lets go to dave. Dave, the fact they beat on the numbers, but the stock is down about 3 . Why . I dont really understand that i dont understand why the market isnt reacting. Microsoft is firing on all cylinders. Theyre investing in bizs make sense for the company. Azure the cloud, is a big play. Theyre starting to nip on amazons heels with aws. Interestingly next month, may 7th, we have an event coming to new york, microsoft in education. Were fully expecting microsoft coming with lower cost mainstream surface for education, backed up with office 365 and Cloud Storage with one drive. I think that will give Google Chrome books in education a run for its money. A little bit puzzled by the loss. David i will mention one other thing going for it. It has 113 billion in cash overseas. Even though President Trump may not get all he want in the tax changes, he wants to bring the cash back home. They are number two. Apple is number one. Second Richest Company in terms of cash overseas. That could bring that back. That would help a lot. David melissa. Melissa lori rothman has more on amazon, what can you tell us . What is interesting about amazon, you have been critical of this company for its cash burn, spending so much money on its exion, from data centers totent, well as part of the report amazon is saying that free cash increased to upwards of 10 billion. So that melissa wow. That tells investors, right, the company has a little wiggle room. Maybe theyre not overspending. By the way they are spending on especially with the content, Academy Award winning movies. Its paying off. Its a beat. Amazon crush it with profit, 1. 48 per share versus 1. 12. Revenue rose 23 . Blowout quarter for amazon. Shareholders must be pleased. Scott, let me get your reaction to that, free cash. Music to my ears. As shareholder i will not lie, melissa. What is interesting, lance mentionedded it, amazon is dropping products into your life everywhere you turn. Look a lex is a, popularity. I have not seen estimates that the amount of alexas will be in homes next several years will be close to 100 million of them. There are tons of product that amazon Free Cash Flow, they will continue to drop in your life, in your life and make part of what your life is. Amazon is the stock to own if looking at retail, looking at tech, if youre looking at cloud. Melissa lance . So, yes, funny watching video with amazon, one of the thing i noticed is all the robots running around. Melissa yeah. They spent so much money on infrastructure for fast delivery. That had been a drag on the business for a time. It seems to have righted itself. Amazon so so wellpositioned in so many different ways to be pervasive, to it be delivering content and also be a place where you consume the content, you know. End cycle of looking at stuff. Digital device, always ready to hear you. Amazon, echo and alexa. Melissa carol, i agree with all that. That is interesting. They are a the forefront for technology, i worry about the money spent on content. No one starts out making a bad movie or a bad series. Amazon doesnt have anything to do really with technology. It is about art and taste that worries me. Am i crazy . I think the only reason why youre crazy, you know, melissa, i always agree with you, only maybe a little bit crazy, i dont think content is a big part of the investment thesis behind amazon. If you look at cloud services, if you look at internet of things, if you look at that ecosystem, into the house, artificial intelligence, all of these things that are going to drive technology, amazon is the at forefront of that. Theyre also a leading brand with everybody from teenagers all the way up to Small Businesses. They really do have a hold everywhere. I think the amount theyre spending on content is a rounding error in relation to everything else, these bigger tech theses that are really driving the valuation. That would be the only place i would perhaps disagree on that. Melissa welldone. David google is clearly at the forefront of search. It is killing it through alphabet its Parent Company. Ashley has more numbers. Very impressive, david. Driven by a surge in advertising on mobiles and popular Youtube Video plaid form continuing to generate revenue. Revenue not shared with anyone else, that revenue coming in at 20. 112 billion. That is much better than the 19. 8 billion that was estimated. Revenue up 22 yearoveryear. Paid clicks growth up 44 . David ashley, let me focus in, what you mean by extech, they spend money, billions dolla every quarter to work with company that help them out to spread the word of going going. It is not a big part of their overall money. Youre saying that is going down even more. So they dont have to spend as much going out and, some people meet say bribing others to work with them. Well they get a slice of the action. If youre a carrier, you know, they will partner with you, google alphabet, in order to access more people out there. So it is working clearly, especially on the mobile platforms, advertising and youtube of course, the advertising revenue is just showing impressive gains. David but scott, the point is, theyre so big, theyre so powerful, they dont have to spend as much convincing people to work with them. No, they dont, david. That is the beauty of todays market environment. If youre sitting out there i have cash on the sidelines, where do i go because i feel the market is high, i say all year, stay with the leaders, the lead dogs. Thats what weve seen today. Amazon, microsoft even though a little bit down but facebook. These are leaders, some smaller fringe companies are losing competitiveness with. They will lead the market. David they are changing what they do. The cost per click is proof of that, lance. They were expected to lose about 11 in cost per click. In fact theyre losing 19 , but you still see the enormous gains after hours. So theyre kind of moving away from the old cost per click business model, right . They have to because the value of those clicks it is decreasing. People arent seeing advertising in the same way so they have to shift. Im glad to hear theyre making gains on mobile side. Certainly google wants to make a lot more money on the cloud side. They would like to make money on hardware side. They have a good sense how they have done with the Google Pixel Phone been in the market six month or so but they have to diversify. They cant rely on one thing. One of the interesting things to think about on the google side is the the youtube story. They went through a bad moment toh advertisers where there things that people literally pulled out of youtube. We wont realize any of that. We wont see how that impacted youtube probably later in the year, but i think it has cost them money, but its a behemoth. You cant stop youtube. This is number one way millenials watch content. They sit there and just watch Youtube Videos. Doesnt matter what is going on in the world. David one leads to another. Like popcorn, you just cant stop. Melissa. Melissa lets go back to lori. She has more on amazon. Lori. We talked so much about amazon and the retail business. What is key for amazon is the cloud business. This is very important. Just as much factor in the blow out quarter as anything else going on with amazon. 42. 4 increase in the cloud business, amazon web services. Dollar value . 3. 66 billion. Staggering amount really. If you look at income, it is 724 million, but on operating basis, one billion dollars even. So the Free Cash Flow too is coming. So really firing on all cylinders for amazon. Melissa all right. Good stuff. What do you think about that, carol . What do you think about that . I think that a number of the names were hearing today are all leaders and are leading in those technologies that are going to be drivers of growth for the next several years. One of the things that i always look at, im not a trader. Im a longterm investor. That is you hot average investor should be looking at things. Think about what is going to be powerful, and who is going to be ahead of the pack three years from now, i think names talking about here today you can see that clear path where theyre still going to have the leadership. Melissa right. When it is three years from today. Melissa no it is true. All right, guys, thank you very ch. Helping our heroes President Trump taking measures to support our veterans and families this hour. He will make comments on this well bring them to you live. Lt. Colonel oliver north, and tea yaw kyle, widow of Navy Seal Chris kyle is coming up. David united reach ad settlement with the passenger. Details ahead. Melissa a new health care bill, could we see a vote in the next 36 hours . Well ask arizona congressman and Freedom Caucus member andy biggs, as House Speaker paul ryan tries to manage expectation this is time around. What . Its just. We were going to ask about it but we werent sure when. So thanks. Being upfront is how edward jones makes sense of investing. Try new flonase sensimistgies. Instead of allergy pills. It delivers a gentle mist to help block six key inflammatory substances. Most allergy pills only block one. New flonase sensimist. Melissa closing in on health care deal. Obamacare replacement plan winning over conservatives but moderate republicans are still not on board. Voting could happen as early as this week but will the plan have enough support to pass . Republican congressman andy biggs from arizona, member of the house Freedom Caucus. What do you think of the bill, sir . I think it still has problems. This is replacement bill. It does not repeal. It keeps some obamacare in place. Melissa what would you like to change . Sound like youre holding on for full repeal . That would have been the best thing. I think next best thing would be doing 2015 bill. But i think this bill is probably going to get the votes and be passed out of here fairly soon. I dont know when but i think it will get the votes. Melissa what do you think happens from there . It gets to the senate. When it gets to the senate i think they will fiddle around with it around they will do their own deal and he bring it back doing whatever it is they want to do. It will get back to the house and be voted on over here. That is when the real tough sledding will hit. Melissa House Speaker paul ryan says it cant be a cookie cutter system. That we want the best possible system. Let me play for you what he said and get your reaction. We want to bring down costs. We want to preserve protections for people with preexisting conditions and we want to respect the fact that states have different issues, Different Health care market places and we want to give states greater flexibility so they can get the maximum reduction in policies in premiums and we can get the best possible health care system. Melissa does the plan that is moving forward right now address those things . I think it attempts to goes those things. Waiver plan, doesnt require states to go hat in hand at federal government. It is a temporary waiver. Not a longterm waiver. The fact states have to ask for waiver, tells you havent repealed obamacare. What are you waiving . Demands in obamacare. That is a bit of a problem. Melissa if you have one tangible thing you want to change with this as it is, that is what it is coming down to, making an agreement with what we have, what would be the one thing you want first . Im offering an amendment that would actually not require to the state to apply for an opt out. They would simply be able to notify the department of health and Human Services that they are either in or out of obamacare. That is the simplest cleanest way. Respects states rights. Actually comes closest to simulating at least if you can