Big Tech knocked it out of the park

Yesterday, we got quarterly results for some of the biggest companies in the economy, including Google parent company Alphabet, Microsoft, Amazon, and Meta. Investors have been pinning hopes on Big Tech. We'll do the numbers on tech firms' earnings and discuss whether the good times — and big spending on AI — can last. But first, the U.S. economy grew faster in the first three months of this year, and we'll outline challenges awaiting Kevin Warsh as the next chair of the Federal Reserve.