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with google you have to wait. it is a big company, completely competent from a technical standpoint. the culture was moving slow. i was like, give it time to see if they can right the ship. i'm not 100% confident they are going to. there are still cultural issues within the company, but people who said it was over for google that was way oo early. even thinking about search, being has not cut into google's lead. we are more than a year after the introduction of chat gpt. >> let us switch to amazon trying to close at a new high today. it may not get there at this moment. how would you assess the job that the ceo has done, the hand that he was dealt, and that time it has taken him to turn the ship around. i mean, is that too much to say that they have turned the ship around at this point? can he declare victory at this point? >> i think they've turned it around but in a very particular way. they cleaned up some of the mess that jeff bezos left. jeff raises wanted to do everything, not all of them were working, and t
with google you have to wait. it is a big company, completely competent from a technical standpoint. the culture was moving slow. i was like, give it time to see if they can right the ship. i'm not 100% confident they are going to. there are still cultural issues within the company, but people who said it was over for google that was way oo early. even thinking about search, being has not cut into google's lead. we are more than a year after the introduction of chat gpt. >> let us switch...
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google gains. the tech giant closing back in on a $2 trillion market cap as shares hit another all-time high. how alphabet got its a.i. ambitions back on track and how the cloud is powering those gains. >>> plus, charged up. utility companies rushing to upgrade u.s. electricity grids and that is driving power prices higher for you. what could that mean for inflation, as the fed ponders its rate cut path? >>> and later, boeing's backslide as the plane maker faces another whistle blower claim. cisco surges on a bullish call. and banks get ready to kick off q-1 earnings season. how the rate backdrop will impact their business. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- julie biel, in person, karen fine fin finerman, dan nathan, and guy adami. >>> the nasdaq and the s&p managing to climb into the green, why the dow was slightly lower ahead of cpi. economists expect consumer prices rose 0.3% vert acceleration to 3.7%. we'll get to all of that in just a minute
google gains. the tech giant closing back in on a $2 trillion market cap as shares hit another all-time high. how alphabet got its a.i. ambitions back on track and how the cloud is powering those gains. >>> plus, charged up. utility companies rushing to upgrade u.s. electricity grids and that is driving power prices higher for you. what could that mean for inflation, as the fed ponders its rate cut path? >>> and later, boeing's backslide as the plane maker faces another...
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google should be at the top. this is a stock trading 20 times forward the earnings expected to grow 20%. we don't think the ai story is baked in here. the news to bring gemini on the iphone is huge and alleviates the concern regarding the search function in iphone. the stock is breaking out to all-time highs catching up with the magnificent seven and blue sky territory from here. this pullback in the market in this stock this is a buy in our opinion. >> okay. next up disney, the stock is up nearly 30% this year after bottoming out at 60% off all-time high last year. you say this one you also like and would buy. why? >> hi, contessa. disney is our turnaround play, despite the run up off the lows, it's still got a long way to go towards highs but this is a value play trading 20 times forward and this year those earnings are set to grow 25%. they have $7 billion in cash, decent balance sheet, 0.4 debt to equity. we like the investment in epic games and fortnite and think the parks, the rebound in the parks, have sta
google should be at the top. this is a stock trading 20 times forward the earnings expected to grow 20%. we don't think the ai story is baked in here. the news to bring gemini on the iphone is huge and alleviates the concern regarding the search function in iphone. the stock is breaking out to all-time highs catching up with the magnificent seven and blue sky territory from here. this pullback in the market in this stock this is a buy in our opinion. >> okay. next up disney, the stock is...
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that includes google. are not shaken or stirred, but i understand. is the owner, don't trade it here's a solar company. just been hammered mercilessly. no news, just the usual i'm back to the winners, how about eli lilly down 20 bucks? broke ground for the new $2.5 billion plant, another loser term winter for a day. 6%. eyed looked it up and i see one of the most horrendous shortfalls, the first quarter earnings but would be 21 to 41 points. that is a long fall. the red 119 last year. i'm not interested, i'd rather go fishing for flounders. in response to this earnings. about two winners, more than 3% respectively. so many important devices in the data center, still 30%. it was incredibly positive more than 6000 people and it was pretty much the start of the entire survey. the basis point increase. the number two fashion brand among upper female teams. the favored industrial, so many industries. it dominates the non-tech part of the data center. up almost 4%. the analyst came out and said by the stock. they take it hot this year. what a terrific time
that includes google. are not shaken or stirred, but i understand. is the owner, don't trade it here's a solar company. just been hammered mercilessly. no news, just the usual i'm back to the winners, how about eli lilly down 20 bucks? broke ground for the new $2.5 billion plant, another loser term winter for a day. 6%. eyed looked it up and i see one of the most horrendous shortfalls, the first quarter earnings but would be 21 to 41 points. that is a long fall. the red 119 last year. i'm not...
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then you have google. this is a real opportunity for google to gain some ground if they have the right tools. and it's all -- i'm told, about openness and choice. any enterprise that wants to develop their new gen-ai offerings, they want to go to the cloud provider that has the anthropic, the chatgpt the many, many other models. >> so it's a coming battle between these giants really. >> yeah. that's why i use all of these cloud events, right? you see aws and google cloud next is going on right now. they're all touting all these tools and all of their partners and all the customers sort of that are using their cloud infrastructure. so it feels like kind of a new battle. first over infrastructure. then it was over apps. now it's over gen-ai tools. >> the evolution of it is fascinating to watch. >>> folks, coming up, a former bolero employee claiming the company threatened to report him to the fbi. now trying to sue over proposed extortion and retaliation. details ahead. >>> and as we head to break, a quick p
then you have google. this is a real opportunity for google to gain some ground if they have the right tools. and it's all -- i'm told, about openness and choice. any enterprise that wants to develop their new gen-ai offerings, they want to go to the cloud provider that has the anthropic, the chatgpt the many, many other models. >> so it's a coming battle between these giants really. >> yeah. that's why i use all of these cloud events, right? you see aws and google cloud next is...
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people keep thinking they'll do the deal with google. that was supposed to happen in seven days, and hasn't happened. i don't know what's going on at ap ul. i continue to say own it, don't trade it. we need a phone that has ai in it like samsung. >> you just wait for the leaks to come out about june 10th? >> yes, you have to. i know it's tough. i know there are people who say why should i hold this thing. i think it should be held. i have great faith in tim cook. >> there is a bold case not embraced by that many, but i did run into one yesterday, significant holder, everybody is underestimating apple and siri. they're going to come with a cycle that blows people away. i'm looking at my notes here. >> siri has got much more -- >> by the way, apple has your location and your text messages. they can use that for training their ai don't underestimate what they will do once they do it. >> that's why i say own it, don't trade it. you don't know what they're going to release. you know siri, from the people i deal with, siri is going to be far m
people keep thinking they'll do the deal with google. that was supposed to happen in seven days, and hasn't happened. i don't know what's going on at ap ul. i continue to say own it, don't trade it. we need a phone that has ai in it like samsung. >> you just wait for the leaks to come out about june 10th? >> yes, you have to. i know it's tough. i know there are people who say why should i hold this thing. i think it should be held. i have great faith in tim cook. >> there is a...
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it can be 2%, the same for apple and google and the others as well. >> this isn't what we typically think of as tech stocks. we think about apple which isn't even there, and they have so much cash on their balance sheets. they're industry leaders. that makes them different. does that make them defensive in higher environments? >> they become defensive in consumer state companies in that sense. >> that's the product. >> however, the difference is that when competition comes in like we saw in the late 1999 area, look. if you are nestle, you're going to be selling chocolate three years from now. you don't necessarily know what's going to happen to instagram in three or four years, right? it's not a recurring revenue as much. so you're getting that multiple of 20 to 24 times. again, i'm not saying sell out of these companies. just don't bet the farm because there are other opportunities out there as well, and look. if theeconomy slows down and advertising comes back or regulation is coming after every one of these big seven companies. >> i was at a dinner last week with a few tech ceos, and t
it can be 2%, the same for apple and google and the others as well. >> this isn't what we typically think of as tech stocks. we think about apple which isn't even there, and they have so much cash on their balance sheets. they're industry leaders. that makes them different. does that make them defensive in higher environments? >> they become defensive in consumer state companies in that sense. >> that's the product. >> however, the difference is that when competition...
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and competing with openai, google and others. but interestingly we asked wood about the work that amazon doing to try to build a.i. technology in-house, building its own large language model itself, called olympus, versus making partnerships like this. >> one of the things that we have noticed with generative a.i. is that there is know going to be one model to rule them all. it seems that each different use case from different customers has a different sweet spot with a different model. so customers really value the opportunity to be able to match their use case to the right model. so some models are really great at reasoning. some are really great at summerization or image generation or understanding images. others have really great operational characteristics, cheap or fast or intelligent. by offering models from amazon, plus anthropic and others, we're able to allow customers to match their use case to the model that makes sense. so in isolation, they always get the right fit for the right model. so that's really, really impor
and competing with openai, google and others. but interestingly we asked wood about the work that amazon doing to try to build a.i. technology in-house, building its own large language model itself, called olympus, versus making partnerships like this. >> one of the things that we have noticed with generative a.i. is that there is know going to be one model to rule them all. it seems that each different use case from different customers has a different sweet spot with a different model....
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google just discovered in the ai space that china was stealing trade secrets. you can't have an economic competition where stealing and cheating are norm and accepted. >> the question is, if that is the case, then the answer is isn't, i want to be your friend, the answer is, i can't be your friend at all. >> the answer is exactly before this goes any further is making a choice. that's why it was so weird to have u.s. business leaders in china applauding the leadership of the prc, having all had their -- i can't tell you as chief of staff how many of those individuals were talking about trade secrets being stolen or being forced to hand over all the family jewels so they can get access to the market. and yet, china is discovered and by our own fbi and intelligence agencies, actually spreading misinformation in the united states. >> you're making the argument against doing business with china. >> i'm making the argument that you're very clear with china. and the fact is that you'll continue down that road, here are going to be the consequences. this is what you d
google just discovered in the ai space that china was stealing trade secrets. you can't have an economic competition where stealing and cheating are norm and accepted. >> the question is, if that is the case, then the answer is isn't, i want to be your friend, the answer is, i can't be your friend at all. >> the answer is exactly before this goes any further is making a choice. that's why it was so weird to have u.s. business leaders in china applauding the leadership of the prc,...
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that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this quick break. >>> welcome back. this week's inflation report only adds to the debate of when the federal reserve might be cutting interest rates this year. robert kaplan joins us now with his own view. also the former vice president of goldman sachs. mr. kaplan, welcome back. it's good to see you. >> good to see you, scott. >> how complicated did things get this week for the fed? >> uh -- i think the narrative continues, that goods are disinflating, not perfect, but disinflating. services is sticky, and the cpi and the ppi, i think were somewhat conflicting, but confirm that. and i think the other narrative here is you've got very restricted monetary policy is offset by an und
that's google, that's amazon. it is not apple here. i think apple is a bounce in a down trend. >> interesting. i appreciate your time. >> always. >> chris verrone joining us. >>> all right, he is back with us. how he is now sizing up this week's conflicting inflation reports and whether he thinks the feds should push back their rate cut timeline. that's after this quick break. >>> welcome back. this week's inflation report only adds to the debate of when the...
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he's a pioneer in the space who led google brain at one point. >> the stock is hitting an all-time high. how much of that has to do with all the excitement around ai? >> there has certainly been a lot of buzz. it's interesting, there has been a lot of notes lately and calls from wall street sell side analysts talking about amazon being their top pick especially in tech. it has very little to do with ai. more about sort of the north american margins. some of the profitability improvement, cost cutting, things like prime and advertising, which jassy also said in his annual letter, it could be profitable as its own stand-alone business. the sum of the parts, where ai comes in more on amazon web services and its cloud business. mark mahaney had a note talking about that being one catalyst for the stock and he also talked about some of the dislocation where amazon is trading compare today where it was before covid. about 30% below the average of where it was trading. part of it is dislocation, and then that cost cutting. that's really what wall street wants to see, where the silicon valley i
he's a pioneer in the space who led google brain at one point. >> the stock is hitting an all-time high. how much of that has to do with all the excitement around ai? >> there has certainly been a lot of buzz. it's interesting, there has been a lot of notes lately and calls from wall street sell side analysts talking about amazon being their top pick especially in tech. it has very little to do with ai. more about sort of the north american margins. some of the profitability...
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. >>> the chief of google plans to spend $100 billion over time developing a.i. tech. that comes at the conference yesterday when asked about the reported $100 billion super computer planned by microsoft and at openai. >>> and baidu's erniebot now has 200 million users. let's bring in the chief innovation officer at ey. jeff, great to have you here in london. >> thank you, frank. >> we are spelling out all of the companies using a.i. how will this impact us in the workplace? you put out a survey saying 61% of companies are uncertain around gen a.i. >> what i'm seeing is everybody is excited about a.i. and gen a.i. specifically. they will invest heavily into the space. if you look at the industry today, 99% of them said we are investing in a.i. 70% said we will accelerate investment in a.i. if you look at the banking industry alone, 60% have already started accelerating investment. that is why you see the large investments by the tech companies. >> this is fascinating. every financial vservices compay is investing in a.i. it has the lowest level of skepticism. at the sa
. >>> the chief of google plans to spend $100 billion over time developing a.i. tech. that comes at the conference yesterday when asked about the reported $100 billion super computer planned by microsoft and at openai. >>> and baidu's erniebot now has 200 million users. let's bring in the chief innovation officer at ey. jeff, great to have you here in london. >> thank you, frank. >> we are spelling out all of the companies using a.i. how will this impact us in the...
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google could have $30 or $40 a share. you look at the revolution, it is palantir. this is just the start of the 1995 moment. we see 15% up the rest of the year. >> dan, your notes say you like sa salesforce. quick take they are looking to acquire informatica. >> we applaud that. this is exactly what you want to see from tactician gaining more share. >> we have to leave the conversation there. stephanie link and dan ives, thank you for your time. have a great day. >>> coming up on "worldwide exchange," much more on the middle east tensions and if further violence with israel and iran could push crude abe ov$100 a barrel. "worldwide exchange" is coming back in just a moment. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> welcome back. oil prices are falling today after the drone and missile attacks on israel over the weekend by iran. that caused limited damage and investors are assessing
google could have $30 or $40 a share. you look at the revolution, it is palantir. this is just the start of the 1995 moment. we see 15% up the rest of the year. >> dan, your notes say you like sa salesforce. quick take they are looking to acquire informatica. >> we applaud that. this is exactly what you want to see from tactician gaining more share. >> we have to leave the conversation there. stephanie link and dan ives, thank you for your time. have a great day. >>>...
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with microsoft and with google and with amazon. so i think it is important to recognize that they're going to continue to look at this, and it is not just for now. don't forget the trial date is not until october of 2026 now. so they're going to keep gathering information to figure out is amazon using new technologies in order to -- in order to maintain their market power. but it is important to recognize that -- and i'm not sure all regulators totally grasp this, that the technology industry is iterative, that they build on innovations that they have and they -- sometimes they add to that by acquisition or by other types of cooperation. now, there is -- i think there's intended to be a chilling effect as to where companies can go with that right now, and i think that until the courts give them some guidance they're going to be treading lightly. >> do you have an expectation that if former president trump becomes the president come november that all of these cases end or continue? >> well, i'm not sure. i mean because for one reaso
with microsoft and with google and with amazon. so i think it is important to recognize that they're going to continue to look at this, and it is not just for now. don't forget the trial date is not until october of 2026 now. so they're going to keep gathering information to figure out is amazon using new technologies in order to -- in order to maintain their market power. but it is important to recognize that -- and i'm not sure all regulators totally grasp this, that the technology industry...
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companies including google, meta, amazon, microsoft, and others have created a coalition to push for several changes. these include things like collecting data, communication, and allowing tech companies a little more about how many times the government asks if for informing and what kind of information the government has requested. the members of the house intelligence committee say while some reforms are meant to deal with future abuse, some feel the changes could go too far and render the program ineffective. mike johnson said the bill needs to pass this week or, he says, the government will try to move the bill without further reforms. lawmakers will get a classified briefing on the topic today, and we're keeping an eye on the procedure real vote. usually democrats don't joint republicans in voting for these procedural matters. mike johnson can only lose two republicans and mike gates plans to vote against i. we'll see if they get a vote on this or not or if they end up tripping things up. >> by the way, why are the lawmakers pushing for more transparency in this case? >> you've
companies including google, meta, amazon, microsoft, and others have created a coalition to push for several changes. these include things like collecting data, communication, and allowing tech companies a little more about how many times the government asks if for informing and what kind of information the government has requested. the members of the house intelligence committee say while some reforms are meant to deal with future abuse, some feel the changes could go too far and render the...
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companies like meta and microsoft and google are the winners there. taiwan semiconductor with the $6 billion off the chips act. they will build three factories. biggest pbuyers are amd and taiwan semiconductor. you will see growth. >> thank you, sylvia. >> thank you. >>> as we try to make sense of everything taking place, just in the last hour, the u.s. government awarding samsung $6.4 billion in funding from the chips act. samsung promising to spend $40 billion to build logic chips in the u.s. the government's aid will help it in the facilities in texas and the existing plant in austin. commerce secretary gina raimondo will be on cnbc today at 2:00 p.m. >>> when we come back, more on everything taking place over the weekend and what it means and where it is all headed. david sanger will join us next on the conflict in the middle east and the ripple feefcts around the world. "squawk box" is coming right back. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpec
companies like meta and microsoft and google are the winners there. taiwan semiconductor with the $6 billion off the chips act. they will build three factories. biggest pbuyers are amd and taiwan semiconductor. you will see growth. >> thank you, sylvia. >> thank you. >>> as we try to make sense of everything taking place, just in the last hour, the u.s. government awarding samsung $6.4 billion in funding from the chips act. samsung promising to spend $40 billion to build...
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and the cte ad market for those top two players combined with what google seeing with youtube, there's a lot of momentum there, and i think you'll hear a lot of that on the earnings call later this week. >> rich, everyone is always talking about consolidation in this business. paramount is in the headlines, tl there's always a sense that warner brothers and discovery could want to merge with somebody else now that this lockup, but change in tax status would allow for a transaction of some sort. but at the same time, if you look at either the transactions that are being pursued right now and others, "a," there's no consolidation going on, and "b," it's unclear to me how much consolidating would help anybody meaningfully. so if you're a buyer in this market, how much you think the consolidation really helps you accept for maybe some savings. but the question is, how big are the savings? >> well, andrew, let's step back. i remember you had that, you know, seminole moment where you were interviewing zaslav on stage at deal book, and you think about sort of, how has consolidation really imp
and the cte ad market for those top two players combined with what google seeing with youtube, there's a lot of momentum there, and i think you'll hear a lot of that on the earnings call later this week. >> rich, everyone is always talking about consolidation in this business. paramount is in the headlines, tl there's always a sense that warner brothers and discovery could want to merge with somebody else now that this lockup, but change in tax status would allow for a transaction of some...