Transcripts For FBC Mornings With Maria Bartiromo 20170428 :

Transcripts For FBC Mornings With Maria Bartiromo 20170428

Alphabet parent to google up better than 4 right now. Set the action right here and the nasdaq composite is up a fraction as the s p 500 and the Dow Jones Industrial average. I would have expected a bigger move there so we will take a look at markets coming up. In Europe Markets are mixed right now, the cac quarante and dax index up fractionally. In asia overnight, markets closed like this as you see, shanghai composite scweaked out a gain. The airline settling with that person and his lawyer is now praising United Airlines, we will tell you why. Airlines comes into fire, southwest is getting proactive, it will no longer overbook flights. Populist site was down for several hours, what caused that crash coming up and mobile ordering a boom for starbucks, nearly onethird of sales were made online but popularity actually backfired, we will bring you the stories and joining me to talk about independent voice and president heather is with us the king of College Professor Brian Brendberg is here. Good to see everybody. Good morning. Brian still talking health care, government shutdown, we started the week saying theres so many issues in play, we are ending the week with issues in play. Looks like itll be big as well. As we all know, good policy is better than fast policy but fdr started us down this road the first 100 days, so it gives us a hook. Mike i think what President Trump has been able to accomplish and the work and Different Things hes been able to get on the table, not all passing but just being able to get them out there shows us what we are in store for and its a positive for the economy overall. Maria which is why the markets have been on fire. Big program ahead. Stay was. We are talking about the ceo, mark is with us. The attorney general of texas will join us. Florida cangman and the director of White House National Economic Council gary cohn joining us live to talk. President trump set to mark a milestone tomorrow, 100 days in office to issuing more than 30 executive orderers as well as Getting Supreme Court nominee confirmed. It is clear this president s First One Hundred days have been defined by action. President trump himself reflected on life within the white house. Listen. I love my previous life. I had so many things. I actually this is more work than in my previous life. I thought it would be easier. Maria its funny, as heather said, 100 days is so arbitrary, what do you think of future historians and how they will look at President Trumps first 100 days. Brian he has done what he said he wanted to do. Nile gorsuch to me is the biggest. He had biggest losses, he keeps moving ahead and he says, im going, im not going to stop, im not looking back, no regrets. Unapologetic is the way hes running the white house and overthe long term thats the way you have to manage a white house, but it means in the short term theres big wins and losses. I wouldnt call it a loss because remember, there are two filibusters in the senate. One that we all think of that stops the debate and moves to a vote and the senator can i say i need more time to discuss this but the one thats been strategic block and the reason the senate has gone to the most deliberate body to not deliberating anything, the democrats have used time and time and time again to stop legislation thats passed the house from getting through the senate. Thats one of many blocks, confirmation blocks, et cetera, this stuff is not going to happen in the short period of time. Hes keeping his proms, one of big themes, everybody is going to talk about the litanies of whats gotten done and whats not. Hes been a disrupter and effective, maintained read lines and thats incredibly important to supporters and focus on jobs, his constantly proving the people that were so per fied about how extreme he is. Remember, the rhetoric about nafta, the rhetoric about nato versus the reality of how these are actually negotiating opening gamuts to get this to a better place, the same thing is happening with health care now and hes hes a businessman, hes not a politician. In politics you either go for the win, if you lose you hide, for him its moving ahead. Part of the process. He ran on taking washington. Hes never been a politician. He has the most important job in the world. Im sure hes made a lot of mistakes along the way and learned a lot on along the way but he has us in a pretty good place right now. Maria i have to agree because of the way he approaches things. For example, look at the border and the number of people even train to cross, the rhetoric, sort of putting it out there and Jeff Sessions putting it out there saying, dont come, if you are committing a cme, you will to ja and you will go back home and then theres north korea, big take away from the reuters interview, assessment of north korea which he called biggest global challenge. A chance that we could end up having a major, major conflict with north korea. Absolutely. Maria now despite the animus words, the president said he would love to solve things diplomatic but its very difficult. How do you see trumps comments internationally of north korea, theres a crazy person in charge of north korea and hes going to do what he wants to do . Brian nobody really know how things land in north korea. I think he wants those words to land to china actually. If you look at him recently, he has been praising praising the chinese president. Interesting words given critique and been very praiseworthy. On the other hand, conflict is very possible. I think those words land in china and its meant to get china to help with the diplomatic solution in north korea. Maria finally some expectation that china is helping or trying or addressing this realistically, three president s have tried to get china involved in reining north korea and unable to do so. The strike into syria in retribution for gas attacks was the big stick followed by the speaking softly. We have a Teddy Roosevelt president now internationally who understands the use of power and where the rest of the world believes that hes serious about his willingness to use it. That has to have an effect even in north korea, but certainly in china. Maria big statement, we will take a short break. We have a lot to come this morning. When we come back United Airlines settles, meanwhile competitors are announcing plans to eliminating overbook altogether. Alphabet and amazon reporting booming results last night for the quarter, what that growth means for the Technology Industry and the stock prices, back in a moment, mornings with maria continues anything worth pursuing requires knowledge, hard work and a plan. At baird, we approach your Wealth Management strategy the same way to create a Financial Plan built to last from generation to generation. Well listen. Well talk. Well plan. Baird. Bp uses flir cameras a new thermal imagining technology to inspect difficulttoreach pipelines, so we can detect leaks before humans can see them. Because safety is never being satisfied. And always working to be better. Maria welcome back, alphabet and amazon reporting earnings last night. Alphabet net profit up 30 and amazons profit was up over 40 . Joining us ubs internet and media analyst, revenue up at amazon, correct, revenue has been the story . They also beat profitability. They came up 25 better than earnings. They did guide lower for next quarter but right now when you see these signs of growth, investors are giving them a pas on investment cycles because investments are being paid. Maria even after the huge runup that we have seen you put new money to work in amazon or alphabet . I would, between the two we have a little bit more positive risk alphabet over amazon. Youre only paying 20 times Free Cash Flow for alphabetow. Valuation always a tough argument with amazon but you cant argue with the scale and the growth of the company. Pointing Mike Companies put you have massive quarter, who is going to be the first, will it be apple, alphabet, will it be amazon, is there a chance that the government steps in here on any one of the mentioned companies and says this company is getting too big, too power, lets break them up . The number one risk factor that we have identified for investors when we put out big topten themes, regulation is the number one risk these companies are growing fast and they are large in size. You never know where you can get an edge on regulation but thats probably the biggest risk. Do you think thats a risk with the Trump Administration . There are mixed signals on that. Most people view the Trump Administration as a bit more of an old economy than a new economy approach as an administration. I think that is being debated amongst investors and two companies that are examples of american exceptionalism at its finest, growing, global powers, gaining, increasing strength. I dont have any edge on which one ends in Trump Administration. Last quarter we saw sign that is competition is heating up; maybe the growth is going to slow a little bit, how do you see it playing out with big rivals . We really think Cloud Computing is a threehorse race, its aws from amazon, its microsoft, and gcp, google, compute from google. Their cloudcomputing and its 500 billiondollar end market thats still very small penetration to that. Maria does ibm fit into that list . You know, ibm is more of a legacy player, i dont cover it. I would say these newer entrance that are leading with public loud are taking a lot of incremental share from existing ip players. Maria the quarter has been good in terms of earnings, right, mike, how would you characterize things right now in mike i think the quarter has been great. We talked about this going into the First Quarter that people were just feeling more positive, whether it was the potential for tax cuts or the potential for a probusiness administration, but i think thats where we are getting and two of the Biggest Companies that can benefit from that are both alphabet and amazon because of the economy grows, business has so many different levers that they can pull to improve profitability, right . They are both involved involved in many aspects to have economy, obviously advertising is the lead product of google, we are talking about Cloud Computing, now with pixel and we are talking about hardware. Amazon has a twoprong story. Maria one of the reason that is we are talking about the Growth Numbers that we are seeing out of Technology Names is that theres not a lot of growth, look, we are right here on the doorstep of gdp report thats expected to be horrible today, right, gdp is coming in about two hours we are expecting half a percent growth for the quarter. Around a percent and a half but its very bad number and i agree, these are the companies that are driving growth. They are driving the creative destruction. When we talk about the government getting involved and shutting the Big Companies that scares me because this is where the innovation and growth is happening. That happens im not sure where the growth is going to coming up. Not shut it down but break it up but destroy the growth story that we are seeing here. Maria brings up good point. Theres smaller and smaller list of companies that are producing 20 plus, top line growth in allow gdp environmen youre seeing a bit survivorship bias in where people want to put dollars the work. Maria moving the needle on Economic Growth and jobs, eric, good to see you. Take a break, when we come back, starbucks, is it running cold . Missing growth expectations, how mobile ordering is impacting the business there. In United Airlines settles, the company reaching an agreement with a passenger who was violate ently dragged off of a flight. Details back in a minute think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov we ship everything you atcan imagine. N, and everything we ship has something in common. Whether its expedited overnight. Or shipped around the globe,. Its handled by od employees who know that delivering freight. Means delivering promises. Od. Helping the world keep promises. Maria welcome back, back to the war on terror we go. Two u. S. Service members are killed in antiisis raid in eastern afghanistan. Cheryl casone with the story now in headlines, cheryl. Cheryl well, maria, good morning, the attack occurred late last night when the two servicemen came under fire during raid against Islamic State fighters. A state Defense Department official did confirm to x news. The soldiers battling with afgh Defense Forces were the mother of all bombs was dropped by the United States earlier this month. Also overseas, one woman was shot by police and four arrested in antiterror operation that happened in london last night. The woman was taken to a hospital where shes under police guard this morning. Authorities said he has not yet been arrested due to her condition. The other four suspects are in custody at a south London Police station. The raid, part of ongoing intelligenceled operation in that city. Okay, here at home dr. David do, passenger dragged off of overbooked United Airlines flight has settled, attorney confirming yesterday, a united spokesperson sent a statement, quote, we are please today report that united and dr. Dao have reached amick cable resolution of the unfortunate incident that occurred and we look forward to implementing the improvements we have announced. This comes after united Ceo Oscar Munoz did confirm several changes to Airline Policy including a 10,000dollar incentive for voluntarily bumped passengers on overbooked flights and promise to reduce amount of overbooked flights. Southwest airlines changed its policy. It will no longer overbook their flights, ceo saying theyve been thinking about that actually quite some time, confirming that yesterday. Moving onto earnings news for you. Starbucks missing growth expectations in the u. S. After reporting firstquarter earnings, the company came below revenue estimate, 45 cents a share, but starbucks says its customer traffic has stalled as its working on problem in stores created by mobile ordering. Stores struggle with orders and that makes up more than 20 of their business, make sense, to combat gestion, they will be given tablets. The change obviously going to help update with realtime data, maria. The mobile ordering is to popular at starbucks specially morning commute times and it came out in earnings. Maria big convenience, for sure. Coming up hurdles for health care, what it means for President Trumps agenda, when might we see that bill and what happens to senate. Protests erupting at berkeley again. Police marking six arrests as hundreds rally over canceled appearance by ann coulter, the latest coming up. Stay with us predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Maria welcome back. I am mariaartiroma, your top stories, 6 30 on the east coast was on his 99th day in Office Donald trump meets the nra. The National Rifle Association Leadership forum, the first sitting president since Ronald Reagan to speak at this event but as the president travel south there is tension in washington, republicans may not get a Health Care Bill, will not get a 100 stay in office this weekend. Lose lose lose situation, 17 support among the American People, even republicans are not supporting the bill. Just bring it up, not good. Maria more on the latest on the setback, when will we see the healthcare bill, big oil driving earnings, we would hear from exxon mobil, and General Motors, setting the tone for market, technology was strong last night, we are awaiting the First Reading on the First Quarter gdp. Economists expecting growth of 1. 2 but the low end is that 1 2 . Stay with us for that gdp number. Markets fractionally higher. Markets are mixed. The s p 100 down a 12 45 . In asia overnight, worst performers there, hang thing down 1 . The meltdown after the site crashes. Millionaires in philadelphia last night. With the first pick in the nfl draft, the Cleveland Browns miles garrett, defensive end. Maria breaking down surprise pics and major trades on first round of the nfl draft. Would you pay 100 to see wonder woman . The super promotion that gives unlimited access ahead. Those stories ahead but first, another hurdl

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