Bezos, hes now the second richest person in the world. Right behind bill gates. And bezos has around 79 billion. He made 3 billion just overnight. Lets not forget google. This is extraordinary. Thats revenue up every single quarter for seven straight years, thats a juggernaut. That stock also going straight up at the opening bell today. All right, thats money. Now, politics. It takes longer than 100 days to drain the swamp. Oh, yes, it does. No vote on obamacare today, or tomorrow. It may be next week. And the left, no growth plan for the democrats. The New York Times and democrat leaders call the president s growth agenda, a give away to the pitch. They dont like it. Your money looking good. Politics and that swamp is still there. But its friday and were glad youre with us. Varney company is about to begin. Aint no stopping us now were on the move all right, okay, ill go with that. It seems like theres no stopping, certainly no stopping the big, big tech names that have been on such a role recently. Amazon is going to be around 950 a share as we said. Alphabet otherwise known as google, up 33, theyre above 900. Talk about being on a role. They most certainly are. Thats the focus of our market coverage today. The big name tech stocks going straight up again today. Lets move onto the economy. Very, very different story there. The economy only expanded, at annual rate of. 7 . Very, very weak. My prediction, the left blames President Trump, okay. Kind of inevitable. Lets bring in john lonski. Who is to blame . The u. S. Consumer, its not trumps fault. U. S. Consumer spending after grown barely 3 10 of a percent. Stuart why are they keeping the money in their pocket . The attractive Job Opportunities arent there. We had a bit of a slowdown by employment growth in march and were finding, too, that this recovery is getting on in years. And companies, in order to keep increasing sales, have had to come up with ways of allowing more marginal kourps, more financially stretched consumers, subprime consumers to buy automobiles and the like. And its a drop by real Consumer Spending on durable goods, autos and the like. Stuart would you predict a downsback in the Second Quarter . Oh, yeah, probably to 2 1 2 , if we dont, uhoh. Stuart uhoh indeed. Tell me about amazon on a roll, 950 per share almost. You think its overvalued. From the simple perspective you are paying Something Like nearly 190 for each dollar of amazon earnings. And for the s p 500, thats 24 per dollar of earnings. This is not a cheap stock. It could be that theres a more attractive entry point at some point in the future when inevitably theres a bit of bad news that brings a share price down. Still, its a Great Company and has a great longterm future. Stuart but thats profits were up 40 year over year or quarter per quarter. Thats a great number, but its perhaps impossible to sustain that type of growth. Stuart the difference between amazon stock today and the dotcom bubble of 1999 or whatever it was. Dont forget about that. There was a lot of wreckage following the dotcom bubble and amazon is in High Technology and hue technology is notorious for a lot of rapid unforeseen change that changes the companies. Stuart im calling them the king of the hill and you say thats too expensive for a stock of that name. If youre king of the hill, you can only go one direction, lower. Somebody could push you off the perch. Am i especially worried about amazon . No. At some point in the several several months you could get in at a more attractive price than today. Stuart john lonski. And im going to stay on many a son, their chief jeff bezos, their net worth is up there as amazon stocks go up. Liz breaking toward 80 billion. Its around 79 billion. Up 10. 4 billion since the election. If these gains hold today and microsoft is under pressure, he could be the worlds richest person net worth. And you know what he is interesting about him, is that his money, his net worth is up 65 billion plus in five years time. Stuart look at that, see on the screen. Hes up 10 billion. Liz thats what i just said, sips the election. Stuart 10 billion dollars. Liz you know whats interesting he hates trump. Liz he doesnt like trumps policy, but enjoying the trump rally and the trump ride. Stuart he owns the Washington Post, and the Washington Post detests trump, is utterly contemptuous of it yet, hes made 10 billion since the election of donald trump. Liz he hasnt said anything about that. Ashley i feel so sorry for him. [laughter] and the Washington Post is now jeff bezoss blog and people need to look at it. [laughter] the blog. I said its jeff bezos blog. Stuart and it may be a muted opening to the market, well be up 15, 20 points at the open. Strong sales and profit at alphabet. Its important because theyll be up 30, 35 at opening bell. Ashley you know its interesting, the analysts are falling over themselves to raise the price target on Alphabet Google, 1050. And amazon, jeff bezos is getting richer. , but theyre buying the stocks at high mull multiples. Stuart let me turn your attention to microsoft, i own a tiny sliver. Will you look at that . The Cloud Business surged at microsoft, however, sales of the surface tablets and laptops, they declined. The stock, though, is going to be up this morning. I think if it opens at that level, 68. 49, 68. 50, i think a new alltime high. Liz the cloud is up 50 . Stuart the Cloud Business. Liz up 50 . Stuart not that i understand it, but its up high. Gopro lost less money. Ashley great. Stuart they were helped by flagship cameras. And exxon doubled its profits and the stock is up 1 1 2 . Now, take a look at this, from the New York Times. This is an article in the news section. It is not an editorial. It sure reads like it. Look at that, the outline that mr. Trump offered on wednesday, less a tax overhaul plan than a list with no price tags attacked staring down mr. Trumps 100 day in office, and businesses large and small. Liz says paul kirkman. Stuart thats an editorial. Its actually already, like when you go to the bar and an angry drunk liberal pounding on the bar putting down another scotch. And somebody was clearly typing when they were having an evening. Stuart and once you call the Washington Post a blog. I have a lot of liberal friends and thats what theyre saying, but thats inebriated. That took two reporters to do that and its a rant and of course, theyre also wrong. They pretty much throughout say theres no details. Hes not giving any information. The next to the last paragraph of that news editorial is them saying, well, maybe there are no details because that will help the negotiation, that will go on in congress ap thats the point. The president is setting out a basic standard of what he expects and what he wants. Knowing now, hes learned that he has to go to congress, and theres going to it leaves room open for that. These things, if youre going to want jobs and increase in wages, and increase in the gdp youve got to have the people owning businesses, large and Small Business owners youve got to give them more money so they can expand and hire more. This immediately goes back into the system. The New York Times knows it, but they didnt have any success for President Trump. He will succeed in this and the American People will feel the benefits. Stuart okay. The New York Times is a blog, is that what youre saying . Actually, they are, too. Stuart wait, wait, wait. Facebooks Mark Zuckerberg is giving his employees the green light to take monday off to protest President Trumps immigration policies. No repercussions if you take the day off. Zuckerberg says he wants his employees to feel comfortable expressing their opinions. And forget what you heard yesterday, the republicans will not vote on a Health Care Bill, maybe until next week. Not enough yess. They are delaying the vote until next week. Maybe next week. All right . That wraps up our ablock. More after this. Were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member always save more at holidayinn. Com qualcomm is a chip maker and guess what . It has cut its forecast for the future. That stock will be down about 2 . Weak revenue at intel and growth at its data centers slowing. Intel is going to be down 2 . Thats money. Politics, congressman Louie Gohmert said on fox and friends there may be a Health Care Vote on friday, thats today or saturday. The rules committee met last night to make sure that theyve got the bill done before midnight which opens the possibility of having a vote on friday. Stuart okay. Then speaker ryan said this. Roll tape. I think were making very good progress. Dont have were going to go with when we have the vote. Thats the decision well make when you have it. Something tells me youll be the first to know when that happens. Stuart congressman Louie Gohmert joins us now. Welcome to the program, always a pleasure, congressman gohmert. What happened . You didnt have the votes. Apparently. I really did think there was no reason we would not have the vote. The Freedom Caucus, the conservatives have compromised and compromised yet again. You think about it, you know, if youre louie. Hold on a second. Stuart, no, think about it. Stuart you compromised, you compromised. Demanded and demanded and got your way and now the moderates who wont come on your side. No, look, we have been told for two months that this bill is a repeal of obamacare. It repeals obamacare and we finally gave up on demanding repeal and said, look, lets just get at least a little bit of repeal in that will bring down premiums. And by the way, why dont we anow states to get a waiver from obamacare because you say its been repealed, so, why wouldnt you jump at that chance to say, oh, you want a waiver . Well, theres nothing left, we repealed it, sure, you can have a waiver. Why would you balk at a waiver, you just repealed everything, i dont get it. Stuart the whole thing makes the Republican Party as a whole, look bad. It does. And i hate to say this on television because it sounds like such a wild idea, but, stuart, its almost as if there was some kind of force in the Republican Party that did not want to see trump succeed. I know that sounds crazy, but its almost like that. Stuart you think it was its crazy i know, but the feeling is there. Stuart you think that theres something going on amongst moderate republicans or whomsoever that antitrump within the Republican Party . I dont know, but we did bend over backwards and we compromised again and again. Look, we agreed to what we thought was the mainly demands of i dont really see a reason why we dont have a vote today or tomorrow and go ahead and pass this thing. It gives trump a victory and we really wanted to see that happen. I really thought it would happen, i dont know. Stuart clearly theres going to be a lot of pressure over the weekend and early part of next week. Can you handicap it for us . What do you think of the chances theyll get a vote next week and get the 216, tell me. I dont see a reason we didnt have a vote today or tomorrow. I dont know, stuart, its whether we can overcome any potential feeling that people hope trump doesnt succeed. We need to get this done so we can move on and thats why weve bent over backwards. Stuart i cant believe there are people in the Republican Party in congress who do not want to see the president s agenda even succeed partially. Well, i know, its just crazy, but if you go back and look september and october leading up to the election, there were people that were campaigning on issues that were 180 degrees the other direction from what President Trump was exchange on. Stuart okay. So, you have some different agenda items that may be in conflict, but we have got to help america with the premiums that are just devastating families all over america. Stuart okay. Louie, will you please come back soon, maybe next week and tell us how the arm twisting and sausage making and horse trading is going on . I will be happy to. And i hope it will be how glorious the president finally has his win. Stuart wed like to see that. It wont be the congressional win, it will be the president s win because congress as mmussed this up pretty good. Stuart thats the outcrew were lo the outcue. President obama has speaking gigs and some are not happy. Elizabeth warren ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. The news broke monday that president obama, former president obama would be paid 400,000 for a second speaking engageme engagement. Senator Elizabeth Warren and Bernie Sanders have been criticizing taking the first one. Here is what the Washington Post says about it all. And now democrats are in the position to decide whether former president obama would take 400,000 and in some cases, its just that, posturing. Tammy, i dont object with people getting the market rate. And clintons 7 million, averaging 200,000. What obama is making ten times the average salary of americans, but the market will pay him that, come on. Clearly it will, besides the hypocrisy that mr. President obama himself said hes not going to be president to enrich a lot of wall street fat cats. Its hypocrisy and same with Elizabeth Warren troubled by this. We know that the clintons made millions of dollars doing the same thing, she endorsed Hillary Clinton as well. So, she may be troubled, but shell still support them. This is what the democrats have to face. This kind of hypocrisy on serious issues that affect americans lives. Liz you know, just last white house Correspondents Dinner last year president obama made fun of Hillary Clinton saying, you know, her Goldman Sachs speeches, maybe ill take my material tonight and use it in a Goldman Sachs speech. He made fun of her, he is making 60 million in a book deal. And making money off of politics. Ashley i dont have a problem with it at all. 400,000 if theyre prepared to pay it, take tech lecture why his regulations were so great. Stuart im all for the market with that kind of money. Liz and the democrats ran hold on a second. Were coming up on the opening of wall street. Two stocks are dominant. Amazon and alphabet otherwise known as google. M amazon going up. And alphabet 34, 35, way above 9 the 900 a share and moments from now, the dow will probably hit 21,000. Back in a moment. Break through your allergies. Try new Flonase Sensimist 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. Now, theres a lot of background activity that will be the backstop to the market today. First of all, extremely weak economic numbers coming out of the first quarter. Were only growing at. 7 . Thats about as weak as its been for a long, long time. Other story, the Big Technology companies are reporting simply spectacular earnings, certainly, thats true of google and amazon. You can see their stocks go straight up at the opening bell. And by the way, were going to open only 19 points away from the 21,000 mark, the trump rally is holding. This morning, were off and running and open for business. Where do we open, theres the question, 20,984, 20,987. Were going to hold at that, a very modest day. Ashley jinx. Stuart did i jinx it . Maybe i did. And still plenty of green on the lefthand side. Lets cheer up, everybody. Were up 2 points. Were up 1 and okay. Check out the lets get to the good stuff, shall we . Amazon and google. Show me where they opened, see if im right. Yes, im right. Amazon opening up 30 a share close to 950. Look at it go up 30. Google better, theyre up 36, thats 4 . 928 on google. Surging, thats the only word to use, surging two big tech stocks. Hoout microsoft, their Cloud Business surged. The sale of their surface tablets and laptops declined. The Cloud Business doing so well, that lifted microsoft to another all time hey [trumpets playing]. Stuart theyre playing trumpets because i have a little microsoft. And 3 lower on starbucks, its dropped below 60 a share. On the other hand, exxons