this comes less than a year after another jury deadlocked on the charges. he could get 10 years in prison on each count. he has been ordered to stay in pennsylvania. mike pompeo has been sworn in as secretary of state your the outgoing cia director heard from 57 senators yes, 42 voted no. pompeo left for a trip to brussels and the middle east after he was sworn in. a defiant scott pruitt faced off against a house committee today for the ethics and spending scandals that force a bipartisan call for his removal as epa chief there this hearing comes fell support rose and among republicans. the u.s. pushing to have a tentative nafta deal in place as officials from the u.s. go to canada for what is expected to be contentious trade talks. people familiar with the talks say they want exemptions from

they -- aluminum when global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. parenti.a this is bloomberg. ♪ emily: i am emily chang, and this is bloomberg technology. amazon declares we will crunch first quarter numbers. the e-commerce king closes out earnings season for the biggest tech companies. the other big tech support cards -- report cards, intact from intel and microsoft. slam.k. officials testimony from facebook cbo. what british lawmakers are fed

up with with the social network. but first to our lead, amazon shares are soaring as recording first quarter results, a profit that topped analyst estimates. this is swelling ranks of time subscribers and a profitable cloud computing division winning more and more corporate customers. here to break down all the numbers, the chief research officer at idc and also the senior executive editor brent stone. so to give you a good idea, jeff bezos has risen $12 billion just today. one of the highlights? >> i have the same feeling i had to say with facebook which was what was all the noise about? the talk about amazon captured by president trump's tweets, the post office, and none of it matters. the beats on all dimensions. amazon is growing quickly. 60% increase in

hiring year-over-year and $1.6 billion net profit, unheard-of. the very profitable purchase a business like aws and the other category, advertising, increasing. the north american retail business is also going up probably because of the 100 million prime members which jeff bezos emphasized the other week. emily: between from president trump has not had much of an impact but shipping cost did rise 38%. lots of noise about the u.s. postal service and whether they might raise prices as a result of some of the things president trump has been dumping on. when you take a look at these numbers, do you see any red flags, any weakness? reporter: it is kind of the opposite right now. as brad was saying, you're seeing this massive multiplied scale that the company is experiencing now. you will see shipping costs rise because that is related to the

top night -- top line and the consumer parts of the side where they do business. this quote in the press release where he talks about a significant lead aws has, how they had little competition for the last seven years, what they are doing is adding services to aws, and that translates into not only revenue but significant profits because it is a subscription business on a subscription is this. we are seeing that multiplied scale in a huge increase come 40% increase for aws. emily: microsoft also reporting today. they are also strong, in part due to the cloud business spread, aws far in the lead. our companies -- are companies like microsoft and google a threat? >> 48% of aws is accelerating. it was in the 44% last quarter.

so this is a wind that is propelling all these companies forward. the companies that are suffering are the ones that aren't as early in the cloud. emily: what about other businesses like grocery delivery and whole foods, like alexa and amazon echo? these are small businesses now, but how big could they become? crawford: quite large. we will see significant growth in alexa because -- and that growth high double-digit for a long time because they are trying to build out that platform for the for seeable future. they have a significant lead over google and a very significant lead over microsoft and apple in that platform. what they want to do is start connecting these services together. you will see a huge push toward combining the power of aws to alexa, platform to platform to

be able to connect and control more devices in your life. whole foods on the other hand is a fascinating acquisition because we are seeing the benefit of that now in terms of a year later, but i think we bee just begun to see them able to unlock the power in terms of how you can combine aws to the alexa landform to whole foods experience. that part is just getting started. emily: if you are an amazon investor, what are the risk factors? brad: you would be happy today. jeff bezos said earlier this week that, this is a conversation that needs to happen around all big tech companies. on the media call with amazon's cfo, somebody asked him about that. he declined to answer it, but you got to think at some point particularly under president trump and everything that is

happening in europe that amazon is forced to answer for some of the ways it sells advertising, some of the ways alexa advertises for amazon's white labeled products', amazons relationships with its survivors. that is the big question. talk abouts advertising, the other revenue category that doubled to $2 billion. that is in part because of amazon's advertising business which some analysts are excited about, thinking it would at some point surpassed facebook and rival google. what do you think? crawford: i think you don't want to get too far ahead on your expectations. i think that people are probably really excited now because they have not known what to make of this business and how fast to model it going forward. and the same today is that this business is a real business, and is accelerating, and it can accelerate based on the platforms amazon is building.

i would respond to one other question you brought up, which is the headwinds going forward. i would put in the category of expectation. the expectations are going to be massive going forward, notwithstanding their guidance. trees don't go to the moon. this is amazon's moment now, but managing how fast these businesses can grow and what their expectations are, that will be an increasingly large challenge going forward. emily: we have not talked about prime video, but on the side lines of this earnings call, they have announced the nfl is renewing its agreement with amazon prime video. center.is is a cost this is a part of the business that doesn't visibly bring in revenue. they say there is a connection to prime membership and retention, but they are concerned about netflix, which has its own runaway growth street, and they are investing in new shows.

multimillion to do that lord of the rings series. they are renewing some of the more high-profile shows. emily: this is a market of amazon that has been in turmoil. they have lost the head of -- [speaking simultaneously] crawford: i would argue they have not figured it out, not like netflix during it continues to be a work in progress, and is remarkable this is a company that shows $1.6 billion in net income despite the fact they are spending like a drunk sailor. emily: i want to talk about another company, intel, getting better than projected second-quarter sales protests. the computer industry cannot quit its products. the sales will be $16.3 billion, and the data center group grew 24% in the first quarter under the ceo. they are touting their efforts beyond pc's, processors and a business that will provide the company with income. europe take a look at the

numbers. -- you have taken a look at the numbers. crawford: we were all paralyzed with specter and meltdown last quarter and everyone was concerned this hack would be exploited and intel would have trouble associated with this. what we are seeing is a rebound at intel in terms of their ability to grow profits and expand ups in this business. that 49% growth we were talking about at aws in the cloud, those are retail chips, and that is where you are seeing the 25% growth in their data center business. popular business, intel is pivoting the company in that direction. and the left for dead category which was pc's that everyone thought would shrink to nothing actually that category grew 3%. they are seeing competition from people who were up significantly in the quarter, but really that is -- intel did a great job with commercial notebooks and defended and asked and it even the pc space. it was solid.

emily: there are companies like apple and facebook making their own ships which is a threat to intel. brad: we have heard that, that apple and facebook and microsoft and amazon want to make their own chips, but that has not dented intel's data server business. they are spending so heavily in their own data centers that it now propelling intel. emily: our senior executive editor for bloomberg technology, thank you, and crawford, chief research officer at idc. tech's latest revolving door, hired jim keller to oversee chip design at intel. he previously led teslas everett to develop their partially autonomous driving system. intel said he will lead silicon engineering as the senior vice president. the 59 euros has two stints at imd and was a part of apple's push to design chips. we continue coverage and

reaction to earnings area microsoft beat forecasts on the top and bottom line things to cloud services -- services. if you like bloomberg news, check us out on the radio or listen on the rim -- the bloomberg radio app, sirius xm this is bloomberg. ♪ ♪

microsoft reporting third-quarter results sales coming in $26.82 billion, revenue from the cloud-based $7.9 billion. but shares of the company are flat after-hours. this is the principal analyst at

forrester research, and i will start with you. why are microsoft shares flat, certainly a different tale from what we are seeing from amazon as we were speaking about moments ago? >> microsoft beat all the expectations, so they executed the way they were supposed to. it could be something related to amazon. , aws groupvenue grew much larger. there are strategic concerns about how quickly microsoft can catch up but overall this is a really good quarter. those do you feel strategic concerns at play here? crawford: i think he is onto something. massive look at the race and share aws has, 93% runs great in terms of the number,

but look at where they are coming from, the expectation is they will have to stay at that level, which they had been at levels posted to that for quite some time, or accelerate in aws. for them to gain on this is in north america a three horse race between amazon, microsoft, and google. they are all relevant, but it comes down to the expectation around how much ground can microsoft gain relative to what aws has put out. emily: how much do you think microsoft and gain? do you think microsoft can be a close number two contenders year at the -- at some point? jp: perhaps. have a lot of work to do. the reality is there a lot of green space here were the market , markets have been untapped, so it is not always highly competitive. they are not necessarily trying to displace aws. they are trying to gain new

organizations in their portfolio faster. the other factor is ai. both amazon and microsoft are offering an increasing number of ai skills that sit on top of the cloud platforms and allow people to build smarter applications. this is central to this vision for microsoft, intelligent cloud and intelligent edge. so far he seems to be executing nicely. emily: beyond the cloud, what do you see, what are the highlights? this is a huge transformation given not so long ago and other business was its main bread and butter. crawford: a lot of highlights. , tohis productivity space see office 365 putting out numbers close to 30%, 28% depending on the segment, congratulations to microsoft. pivoted the company

from being in the productivity of where business to being in the productivity software as a service business. they are doing a great job of must -- moving customers to that model and building a subscription business for the long term or that business continues, and i would argue that is arguably the second most important dual in the microsoft crown right here is that productivity segment. the service revenue at 30%, we talked about intel, you are talking about a pc market, intel in the aggregate grew that business 3%, surface was up 3%. it is a hot product and continues to be, they build the portfolio. then over and above that, this more personal computing segment up 13%, that will include windows, it will include xbox, it also includes the surface of her i give you. that was a big surprise. that was a stagnant category for microsoft, so clearly they saw

some nice moves. i suspect some of their windows numbers were up based on the commercial notebook number that you saw, the commercial mobility number you saw. that is probably driving the windows number as well. is a bigger story about how windows has adapted as if business important has declined. the company still makes money from windows, but not as much. it is still core to this productivity fleet. windows'umors of demise are greatly exaggerated. it is over $700 million, organizations, particularly for security reasons, for productivity reasons. so in the future, windows will continue to be important, but it will be subsumed under this experience is category, experiences and devices along with portions of office.

that makes sense. it is about empowering people to be productive. this is something that is very much within microsoft's wheelhouse. it is important to double down on that surface number, although there was lifecycle work. surface has been a powerful asset for reinvigorating and inspiring other pc makers how to move forward. emily: jp gallagher and crawford del pratt of idc, thank you. coming up, it is take two for snap, rolling out another version of spectacle. how will customers respond. this is bloomberg. ♪ this is bloomberg. ♪

emily: snap is introducing a new version of its spectacle. this latest take will be able to take photos, not just video and report high-quality sound. it will be smarter about predicting demand after losing

$40 million on the venture. the company will only sell the glasses online. even though ai has grown by leaps and bounds over the last decade, outside predictions about it destroying humanity or powering utopia have not come to pass at least not yet. bloomberg quick take explains what ai does for us now and why people like elon musk are so wary. two, have seen terminator the year 1997, artificial intelligence trying to destroy humanity. that has not come true, at least not yet, but ai is very much here. in the past decade artificial intelligence found real-world applications in everything from hedge funds to be a brewing and far from destroying community or solving all of its problems, expert question how much further it can go. artificial intelligence is software that solves problems and examines a problem, ventures a guess, and learns what happens. >> you can think of it like a .iant excel spreadsheet

you are running statistics to try and find the best guess. reporter: that is ashlee vance. >> this is an apple that is running all the calculations. apple and hass an qualities to reminded of an apple. reporter: the companies making the most use are companies like facebook, google, microsoft and amazon. >> it is basic stuff like recognizing your face in a photo. it is translating a menu on your google phone. it is using computer vision in a self driving car to see what other cars are doing and where the obstacles are. reporter: some of the first attempts in the 1950's with the arrival of neural networks, which is software that can process data with pattern recognition techniques that take place in our brains, but it was not until the last decade that ai started to take off. >> the internet supplied the kind of data these neural nets needed for sustenance, huge volumes of images and text, and

that is what allowed these ai algorithms to take off. reporter: today systems can beat or tradinglaying go stocks. they can help identify tumors, but the technology remains limited. today's ai needs humans to occasionally tell it yes, you are doing the right thing, or no, that is not right. >> the end goal is something called an agi, and artificial general intelligence, which would be ai that does not need a human to hold its hand and tell it what to do. reporter: there is a lot of debate when or if we will see that. even the possibility has made skeptics of people at elon musk ai iill gates who warned automated some mini many tasks that millions of humans could end up without jobs or the two other unforeseen calamities. with artificial intelligence we are summoning the demons. emily: amazon out with first quarter results, shares jumping over 6% in late trading with companies pointing to the new

record. the latest next. bloomberg tech's live streaming on twitter. check us out at 5:00 in new york , 2:00 in san francisco. this is bloomberg. ♪ this is bloomberg. ♪ retail.

under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store

near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ alisa: i'm alisa parenti. here is a check of your first word news. bill cosby has been found guilty of three counts of aggravated indecent assault. outside the courthouse is attorney made a brief statement. >> we don't think he is guilty

of anything, and the fight is not over. was ordered to remain in pennsylvania. defense secretary james mattis said the administration is considering whether the iran nuclear deal and be improved enough to persuade president trump to remain in it. trump that he will divide by may 12 whether to withdraw. kim jong-un and south korea's moon jae-in meet for the first time, and the historic summit is in the joint security area part of the peninsula's demilitarized zone. it comes with a potential meeting with donald trump. ine pompeo with kim jong-un a picture. the owner of the jacksonville jaguars has made an offer for wembley stadium. he reportedly wants to pay $700 million for the famed soccer arena and a move that would increase the number of nfl games played overseas and lose prospects for a british nfl franchise.

death boost prospects for a british nfl prospect. global news 24 hours a day on air and at tech talk on twitter powered by 2700 journalists and analysts in 120 countries. i am alisa parenti. this is bloomberg. after 5:30, 7:30 friday morning in any where we are joined by bloomberg's paul allen with a look at the markets. good morning. paul: good morning. it was a bright day on wall street. most of the major indexes finishing up. let's look at where they were. the s&p up 1%, the dow 1%, the doubt up 1.6% and positive reports from amazon with profit forecasts topping estimates, microsoft as well. this is setting us up for a reasonably positive day in the asia-pacific as well. looking at aussie futures, asx futures are up .8%, and nikkei

futures traded out of chicago also higher by 7 -- by .7%. the greenback continuing to show strength against the yen. quick look at commodities and check out aluminum, the recovery continuing. planning to remain at resolve , goldound the $8 weakening. keep an eye out for the announcement from the bank of japan. no change policy expecting, but china coming out with petrochina and bank of china results. i am paul allen in sydney. more bloomberg technology next. ♪ ♪ emily: welcome back to bloomberg technology. for some breaking news, reuters reporting that sprint and t-mobile are aiming to clinch a merger by next week.

-- the fears of spiking. these two companies have been trying to merge for quite some time. it has never happened for one reason or another, so we will continue to follow that story. according to reuters, t-mobile and sprint aiming to clinch a merger by next week. to our top story, amazon reporting blockbuster results, shares jumping 6% in late trading. jeff bezos has highlighted the company's gains in aws which increased 48.6% year-over-year. there was $51 billion in revenue representing 43% year-over-year. we have bloomberg tech' reporters listening to the call. here, weional nuggets know that prime subscribers have soared. we know aws has soared. what new analysis do you have? big number of people are

responding to his shares increase for next quarter. analysts were expecting on average 52, and the range was at 154, so that pushes beyond what people were expecting in terms of next quarter. this quarter was great, next will be even better. in other number to look at is they doubled the advertising revenues. this is a new business for amazon in the context of the company's history. online advertising, which google and facebook are dominating, amazon is the third player, dark horse in that space. it will be interesting to keep watching. emily: let's talk about aws because it is continuing to grow very fast from an already big base. how much bigger can it get? the infrastructure of the internet, the future of business. useis what any company can to host their services online, store all their information, data.

as more and more go online small to big, this category will grow. aws has ever had start. that is the way they categories it. -- categorize it. microsoft and google, other players, ibm, they are racing to jump into this market. it is a growing pie, but the competition is fierce. top liveoking at the blog, the bloomberg gadfly, the highest operating margin since 2016 but still laughably small compared with the company like facebook. why is amazon getting more leeway from wall street? >> this is amazon. they are growth machine. facebook get a lot of leeway. they had a tough couple of months. they just sort of reported some good numbers and have positive commentary in their shares as well. so the tech companies, the message overall this week is

investors are happy with results and can put the last couple months behind them. emily: all right, thank you. facebookke of the cambridge analytica scandal, lawmakers to end it -- lawmakers demanded answers, specifically from mark zuckerberg. while he did attend hearings in washington, he said his chief technology officer to speak with british lawmakers thursday. take a listen to this exchange between conservative u.k. lawmaker julia night and him. a moral frees zone, destructive to moral rights. you are wrong by the likes of cambridge analytica, but you are the problem. your company is the problem. what do you say to that? >> i respectfully disagree with that assessment. >> so you see yourself as --

this catalog of behavior. >> i think what you want from an organization is transparency and responsibility. you want us to say when we are responsible for things which we have multiple cases. >> [indiscernible] by inquiries such as this. >> you want transparency on things like ads. the core, this is not where i spend my day job. we try to build a service that helps billions of people around the world connect with each other every single day. emily: for more i want to bring in caroline hyde from london. tough talk from the u.k. lawmakers, pushback from .acebook's cto was that the tone of the entire day? .aroline: it was tense it was a tense discussion that lasted four hours. and it seems as though in europe there is tougher regulation and tougher questions coming from

the politicians as well. notably there were things like calling this a giant vampire squid. there was that turn of phrase level that goldman sachs. we have facebook being associated with cigarette in its addiction, but we did hear some committee feedback that was positive your the committee that heme of the things was telling them, notably they like the fact they would commit to being transparent in the and electoral advertising. they will ensure the political ads for that 2019 elections. listen to this. >> we will mark all of the political and prior to the 2019 elections here in the u.k. we will try the searchable archive of those ads and who paid for them and provide who transparency for people won't understand this.

i understand the concerns about giving people control over political advertising. it is an important issue. caroline: this is important because they have had a 14 month intricacy -- 14 month investigation. so still potentially calls for mark zuckerberg himself to come to the u.k. do you think that becomes a thing? caroline: this is really something, where the pushback game -- they are not happy. to be happyer going with the fact mark zuckerberg did not come to see them. what really antagonized the politicians is it seems mark zuckerberg during this committee hearing was actually saying he might be going to the european parliament to answer questions. this is inflaming the aggravation that is among the u.k. all editions, why don't they get their turn to really? zuckerberg? zuckerberg't mark

right-hand mans, who we were assured could represent his views was today failed to answer many specific detailed questions about facebook's business practices. this was fired back by damien collins, the lead of the digital committee, saying that he was unable to answer 40 questions or so. one of them, whether they know about this kindred analytica data breach in february -- they knew about this cambridge analytica breach. they felt perhaps they were angered they could not get an answer to the question of whether they can block all thoughts of categories of ads. they did not get a good answer on what is going to be put in place by facebook to ensure there is ahead of this news regulation may the 25th. also there have been reports facebook has moved one point $5 billion -- 1.5 billion accounts

of facebook users not in the u.s. or u.k. and moving them to the u.s., california, ahead of gdp strict regulation. there have been rumors why they are doing this, facebook saying people outside the e.u. will get as same privacy settings inside the e.u., don't worry about this, but many wondering they are trying to avoid this relation by doing that. there are key questions they felt weren't answered, therefore when they come to the u.k., we believe, says the head of the committee, given a large number needs toons facebook answer, mark zuckerberg should still appear in front of the committee. they could use a little rarely deployed legal step. this will be a formal summons. see where it gets them. more rolling out later this year, talk about that rollout and if there could be additional legislation as a

result of the more recent concerns around facebook. caroline: i think at the moment this would come to ease concerns in the e.u. the general protection data rules they feel would not allow any such occurrence to happen again. if this had been in place in 2015, there is no way facebook and have told users potentially there had been a data breach and it had been passed on to cambridge analytica, and therefore even used and -- in a untoward way in elections. the e.u. think they to be more built on these rules when they come into effect may 25, but i think they want an era of transparency to be at the behest of all of these big tech giants. this comes at a time when we see the e.u. notably germany in particular passing stricter and stricter regulations when it comes to taking down fake news, taking down terrorist related content, fines in germany.

there could be more regulation to come. when it comes to data, they think these rules will prove, we'll stop anything like this repeating again. emily: all right, caroline hyde, thank you. baidu shares are jumping, and is trading on a solid first-quarter with sales surpassing analysts' estimates and an update to outlook ahead. is china's largest baidu isand -- entering a critical year after selling four spinning off non-core businesses including food delivery. coming up after page ralph -- after paypal's strong earnings, the ceo will weigh in on possible m&a. this is bloomberg. ♪ this is bloomberg. ♪

this company has raised $6 billion towards the biggest .apital venture fund top venture funds have exploded recently to compete with the softbank vision fund and the $100 billion target. softbank has written massive checks to the start up like uber and india's foot card. optimistic forecast for the second. they continue to add new accounts, but what about rising competition and online payments? paypal ceo john remy discussed that earlier with vonnie quinn and mark barton. >> we have seen a lot of interests in the high-growth business we are in, and with money moving, there is a lot of companies that want to participate. we will continue doing what we have done, and if you look at our history since we separated from ebay, in a fast rowing

e-commerce market, we have expanded market share. we do that by having a powerful two-sided network, or we have over 200 million consumers on one side and 20 million merchants on the other side. there is a network effect to that. one of the things that stands the simplicitys and ease of use for consumers. one of the things we measure is conversion rates. we have 89% conversion rate which is higher than some of the other competitors which is how we are able to expand that market share. mark: your peer-to-peer payment center has continued to see strong growth. when is it going to make money? importanthat is an part of our business, and it is one of the most that's one of the fastest. it is reflective of the change in consumer sentiment around digital payments and more people are using mobile devices to exchange currency with their friends and network.

for us, we are one of the biggest part. something that has animal sort of viral effect that when it takes hold. one of the things we have done with this, it is entirely peter p. we are working on -- p2p very we shop venlo customers to across the world and that is how we monetize that. we are early on but very excited about this opportunity. we cann the bloomberg check, either way you get your revenue from -- 11% of your revenues come from here. you have announced this barclays attachment today, teaming up smallarclays, the payment business services. how easy is it? what is the payment environment like to attract new partnerships? john: i start with the point that you mentioned that we are

very international company. half of our revenue and more than half of our customers are outside the united states. the u.k. is an important market for us. the partnership with barclays is an extension of other agreements that we have embarked on where we have pivoted about two years ago to have a partnership strategy being open. with barclays we can nowwith baw their customers to vault a debit or credit card into a wallet with more ease. we are excited about the prospects of this going forward. paul: -- >> i am curious to potential m&a targets. landscape,rms of m&a capital allocation strategy, a primary importance in first us is growth. we are a high-growth company and we focus on growth that can be organic or inorganic. we have had a history of a very successful acquisition. we want to continue down that path, but as you can appreciate, m&a activity doesn't necessarily

happen in a linear form. it comes in waves sometimes. we are always canvassing the landscaper the opportunities out there that complement our existing platform with these other financial services or allow us to expand our presence in certain areas of the globe where we are not as strong. cfo johnat was paypal ramy. more on amazon's first quarter ratings. we heard the price of prime going up. increase the will price of the u.s. annual plan from $99 to $119 for new members. the price will apply to renewals starting june 16. starting june 16.

emily: continuing to cover tech earnings, amazon and microsoft out after the bell, amazon having any -- having a for blockbuster first quarter and tech earnings do not end yet.

we are awaiting apple this coming tuesday. joining in now, our executive editor. the bigth amazon and picture, the call happening now. we did hear the price of prime is going up. going up to $20 -- $20 a year. amazon knows they have us over a barrel. they know we will pay it. a lot of people spend a lot of time talking about prime and the benefits of prime, the impact on whole foods and the relationship between the benefits you get if you are a prime subscriber and go to whole foods. a lot of discussion on that on the call. amazon very confident in its prospects. this is a big contrast from earlier this year when we saw this bearishness flooding into the tech sector, particularly around amazon area there was a question of trump and his tweets and what would happen with the post office. our postal rates going to rise, and that is like a distant memory at this point, at least

for the moment. you see we are looking at a record high for amazon stock going into tomorrow. emily: jeff bezos made just 20 bill -- $12 million today. a few days ago we had analysts calling it a tech bubble having burst. 5% were, then over the last few days many of these companies have made it all back. tom: there has been a lot of interesting stuff. you see this separation from this group of stocks that we used to refer to as -- i never did, but the bank stocks. you started to see the exceptions of that, the netflix of the world going up and up. verysoft actually was resilient through all of this. you saw couple other stocks in the other direction. you saw apple going south a bit, facebook, tons of pressure. a stock about apple. apple is not out of the woods. as much as we have gotten great news from the tech sector this

week, apple, we will hear from next week. so a lot of questions about whether the iphone was the right strategy. we will talk about them in the coming days, but these other tech companies, facebook in particular proving naysayers wrong. we are still growing. emily: microsoft shares up slightly, to present. their cloud business is growing but not as fast as amazon and not included in the fang. very wall street term. tom: what is interesting about microsoft is they have been resilient in the last several months and weeks. very close to record. and after results came out, didn't get the bond you saw in but they haveon, been resilient. that stock has been up close to record, and as you said, right now they might be a little bit

in the red. emily: all right, our executive editor, thank you so much. wrapping it all up. that does it for this edition of bloomberg technology. we will continue coverage of tech earnings this friday. tune in for exclusive interviews with the expedient ceo. this is bloomberg. ♪ this is bloomberg. ♪ this wi-fi is fast.

i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's.

♪ paul: tech pushes equities higher in the balls retrieve. amazon sells a and jeff bezos pockets another $12 billion as shares hit a record in late trade. kim jong-un would walk into history and become the first north korean leader to ever enter the south. ramy: