wall street, no big surprises, alphabet up 5.5%. and ea up just 2%.azon bringing up the rear. we're talking meta in just a moment. and bitcoin, up $200 after reaching all-time high. take a look. pulling back a bit. trading 72,450, just a few bucks above that. that's your morning setup now. we're getting to your morning's big money movers. that's big stocks this morning. we're going to start off with chipotle, those stocks tumbling, shares down 6.5%. earnings, beat expectations but revenue fell short on disappointing sales growth. for the full year, chipotle reiterating that same-store sales will grow untiin midsize range. and reddit, company reporting the first profit quarter ever. beating the street on the most recent quarter along with daily active user growth and average per user. forecast for the current quarter, beating expectations, shares of reddit up 24% in the pry market. and we're looking at visa, those shares getting a boost. profit beating expectations. the company reporting payments rose 8% from a year ago. signaling continued strength in

finally, alphabet lifted to 205 from baird.lts coming after the closing bell, including from microsoft. joining now to discuss is a guest from bloomberg intelligence. what do you think the readthrough is, if any, for the likes of microsoft a little later? >> yakima for both microsoft and amazon web services, they need to beat by a big number to show they are also getting the benefit of genai workloads. jonathan: some of the improvement to product of the we have seen already has been absolutely staggering. this came from alphabet's numbers yesterday that new computer code is written by ai more than a quarter of it, more than a quarter. we are seeing big changes not out of these companies but inside the companies. anurag: we have been seeing this for a while, that when you look at generative ai, the biggest one in our view is cogeneration by some of these copilots. we recently had amazon web services on one of our podcasts, and they talked about a massive shift in productivity on their backend as well. lisa: at this point, how mu

it's a bit of an uphill battle for alphabet. tonight it will have to show investors it can shed light on its many legal battles, new competition in a gen ai world, spending and a timeline for returns on all that spending. last quarter, remember, the ceo said the risk of underinvesting is dramatically greater than the risk of overinvesting. over the quarter we didn't see any signs of that slowing. in fact, the nuclear energy deal suggests that google is getting ready to build out more data centers into the 2030s. it is also the first hyper scaler to report earnings and could give us hints about how investors are feeling about the tradeoff between capex and returns. it could be becoming a double-edged sword for all of them. google, amazon and microsoft they're spending big so investors will worry about returns but if they scale back investors might fear that demand is falling so they have to thread that needle. interesting executive moves, too, this quarter we might hear more sound or color from on the call tonight. ash ken naez -

analysts will zero in on advertising revenue when alphabet, google's parent company, and meta when alphabeta report. for alphabet, this remains its main revenue driverfor meta. this remains its main revenue driver. for meta, the growth of its reality labs division will also be in focus. cloud computing will be a key theme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from apple's iphone segment. but they'll be watching for any weakness in china and the broader consumer electronics market. turning to india — and its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects, to online shopping — more and more companies have been creating digital solutions for the rural areas of the country.the bbc�*s nikhil inamdar went on a remote discovery and filed this report. we are on the set of the high octane drama about power and justice. the location today is the village hedman�*s house. this is a very small regional film and for a specific rural audience that lives in the northern s

alphabet is the only negative one. microsoft has done virtually nothing in the last, you know, few months. >> well, they were able to kind of go to sleep, as you suggest, because someone else got in the driver's seat and that was other areas of the market that have underperformed whether it's the 493 or you trade down in an equity size class to mid caps or even make the argument small caps in q3. there were other areas of the market got in the driver's seat. i don't think as we look into q4, scott, you're going to be blessed with that condition once again. if there's a misstep this week with the mega caps, i'm not so sure other areas of the market are going to be there to pick up some of the corrective behavior we're going to see. >> sameer, do you think momentum is back in tech, or are we still trying to figure out the next leadership leg is going to look like? >> oh, it's absolutely back in tech. it's hard to argue tech and comm services aren't up leaders. to joae's point, the cyclical areas have stepped up. i would

tom: breaking down earnings from amd and alphabet. to the u.k. and economic forecast a pivotal day, rachel reeves with her package of tax hikes will set the tone for the rest of the decade, the rest of the decade. lizzy burden, remind us of changes we are expecting? lizzie: leyba made some major promises. no tax hikes on working people whoever they are and we are expecting to see how far rachel reeves is willing to stretch this whole. expecting revenue including a rise in contributions for employers which would raise 20 million pounds. labor had no plans to increase taxes but the point is rachel reeves really wants to make sure spending is covered. for the longer term she laid the groundwork for a change, 70 billion pounds over five years and the question is the extent to which she can grow the economy. thom: whatever they say will be consequential. that leads to a question about the bank of england given their next meeting. lizzy: we have to ask whether the hammering they took was the extent of it? we do not want a repeat. it comes back to wheth

alphabet is a good indicator of that. i look at it as these are companies that are still going to grow earnings stronger than the broad market and sentiment got a little bit weaker here. the setup is fairly good. i'm with adam. i expect there to be up side in these names. >> do you think we're going to revert back to that outperformance versus the rest of the market that we had before? >> a lot of that outperformance i would argue, if you think about -- i don't think they're going to have the same level of outperformance. basically if you think about the end of '23, you had a pretty broad market expecting six rate cuts. the market now is more aligned with what the federal reserve is ultimately going to do. maybe they got out ahead of it. now it seems to be more aligned. if we're in a resilient growth environment, which i believe we are albeit moderating some, rates could come down a bit, that should lead to a broader market than what we had in 2024. >> let's just pause for a moment and focus more heavily on the big earnin

alphabet up 5%. we surged on the back of ai paying off for alphabet. they might not be buying their chips from amd at the moment, but they are investing. they are raising their capex -- capital expenditure. below buying into the cloud offering. it 35% growth in car. let's see what sundar pichai was pleased about. take a listen. >> i am very pleased with our growth. this business has real momentum and the opportunity is increasing as customers embrace gen ai. we generated q2 revenues of $11.4 billion, up 35% over the last year. caroline: let's get an investor take. mel lagomasino is here. let's hear about alphabet's perspective. mel: one of the interesting things as everybody was worried about how much money they were spending on ai, and now they are using ai and i heard their cfo speak yesterday, talking about how they are going to be using ai to become more productive and reduce expenses. so i think they are already starting to become or productive, using ai itself. caroline: using ai, managing to build up in terms of the cloud offering? we are also s

russian nationalism of ukrainianism, he was horrified by what was happening in galicia, how its alphabet was being used, but he had already created the ground for the formation of identity, nothing could be corrected. from a letter from kulesh to a galician scholar, teacher of the ukrainian language, emelyan partitsky. i swear that if the poles print my spellings, the reversal of our discord with great russia. "it was difficult for a christian to immediately cross over from a rusin to a ukrainian, it was difficult for him trample what was sacred and dear to him, it was even harder for him to understand why ukrainian professors somehow vaguely, cunningly, fornicatingly change rus to ukraine and confuse one name with another. so that soldiers called up from different parts of the empire could at least somehow understand each other. the phrasebook was published in six languages: german, hungarian, polish, czech, croatian and russian. there was no place for the ukrainian language in the phrasebook. they say that this is an artificial language, i can say as a cultural studies expert that it i

enough on the alphabet, let's turn to the numbers.ourselves for a packed fortnight of earnings which kicks off in the us in three and a half hours with the first of this week's five us megacap tech companies reporting after closing. alphabet, the parent company of google will tell investors just how it's fared in the third quarter of the year. microsoft and meta follow with their earnings tomorrow, and apple and amazon report on thursday. the so—called magnificent seven also include tesla, whose better than expected numbers came out last week, and nvidia — we'll have to wait a bit longer to hearfrom them. they report earnings on 20th november. let's cross live now to jamie mills o'brien, investment director at global investment company aberdeen2. in the past three months, alphabet�*s shares have dropped 2%, there have been fears google may be broken up to curb its search engine dominance. our investors right to be concerned?— our investors right to be concerned? . ., ., concerned? thanks for having me. i concerned? thanks for having m

she then goes to alphabet.n that conference call from alphabet, you heard a person that organized the alphabet story like it's never been organized, so maybe it's possible to belief that annette was integral to telling the story at lilly, and we forget how important cfos are, but i think she might have advised david ricks differently from what david ricks said today because as far as i'm concerned, david ricks said, boy, we are overwhelmed with demand and overwhelmed with supply, and all people heard about was, overwhelmed with supply. >> they have spent 10, $15 billion in manufacturing capacity this year alone, and at these levels, jim, this would be the worst session for lilly since march of 2020. >> deservedly so. march 2020, of course, covid. deservedly so, because i am a close observer of this company, and i watched the interview twice. and i came away, and i said, can i watch it a third time? but no, i had to come here and do the show. and i find that situation a situation that is beyond description, beca

alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion.eo said investments in al were paying off in use and sales in its search and cloud businesses. as the main search business matures, google is betting on growth in its cloud division which supplies computing power, software and services to other companies. google drew more cloud customers using ai expertise to gain ground on rivals amazon and microsoft. chip—maker amd has reported that its data centre business including ai chips has doubled in sales for the second straight quarter. the chief executive has also raised the forecast for al chip sales for 2025, but it fell short of analyst estimates, who see the company lagging behind market leader nvidia, sending its stock down 7% in after—hours training. meta, amazon and apple will also report this week as analysts watch for clues on whether the big spend on artificial intelligence is starting to deliver results. it's interesting right now, all but two of the big seven are reporting. some of the things you just highlighted, the sensitivit

we have the action and trade for amd, visa and alphabet coming up.y with us. >> this is "the exchange" on cnbc. it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. >>> welcome back. consumers just got more confident ahead of the election to a level of 108.7, the highest reading since january, and that was the biggest monthly gain since march of 2021, optimism about jobs also lifted the outlook this month. the rosy

alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion.d businesses. as the main search business matures, google is betting on growth in its cloud division which supplies computing power, software and services to other companies. google drew more cloud customers using ai expertise to gain ground on rivals amazon and microsoft. staying with tech, and another set of results, from snapchat�*s parent company, snap. the social media giant posted better than expected earnings for thejuly to september quarter, with sales up some 15% year on year. expectations — the parent company of google was helped by steady growth in its digital advertising business, and an ai—drivenjump in demand for cloud services. alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion. their ceo said investments in al were paying off in use as the main search business matures, google is betting on growth in its cloud division which supplies computing power, software and services to other companies. google drew more cloud customers using ai

full alphabet, this remains their main revenue driver.s division will also be the focus. competing will be a keith urban when it comes to the aws unit of amazon and microsoft's is your. analysts expect strong growth from apple's iphone segment, but we'll be watching for weakness in china and the broader electronics market. ln broader electronics market. in india and staying with tech, its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects to online shopping, more and more companies have been creating digital solutions for the rural areas of the country. the bbc went on a remote discovery and filed this report. we are on the sets of high octane drama about power and justice. action! the location today is the village. so this isn't any old big budget bollywood movie, it is actually a very small regional film and it is tailored for specific rural audience that lives in the northern state here. it is produced by stage, and app co—founded in 2019. ln and app co—founded in 20

alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion. ceo said investment in al were paying off in use and sales and search off in use and sales and search of cloud businesses. as the main search business matures, google is betting on growth in the cloud division which applies computing power, software and services to other companies. google drew more cloud customers using a the i expertise to gain ground on rival is amazon and microsoft. chip—maker amd has reported that its data centre business has doubled in sales for the second straight quarter. the chief executive has also raised the forecast for al chip sales for 2025, the forecast for al chip sales for2025, but the forecast for al chip sales for 2025, but it fell short of analyst estimates, who say the company lagging behind market leader in — video, sending the stock down 7% in after—hours training. earnings forthe third quarterfor snap training. earnings forthe third quarter for snap saw shares soar. a 15% increase and the company narrowed its net loss to $150 million, however it

you are the ceo of google and do alphabet.o they call you all the time with advice, what do they do? sundar: i'm fortunate, i'm very close with them. i see them almost every week. but my dad kind of -- it shows me amazingly, he is 82, he relentlessly reads everything. he has tried to keep up. he's not a software engineer by training, but a few years ago he wanted to know what an api is, and he has learned it. so he tracks news closely and so he does talk to me about it. david: 82 is young, the president of the united states is 82. still young. your mother? sundar: i talk to my mother all the time. i got my love of reading from a very young age from her. due to financial circumstances. she was working as a stenographer. she stopped working to support the family. but, you know, she was an orations reader. that's where i got my love of reading from. david: did you meet your wife that wharton, stanford, or where? sundar: we both went to iit, indian institute of technology. there weren't that many women in tech. she was a pioneer i

you can take a look at shares of alphabet.io tinto announcing it will acquire lithium producer arcad arcadium. you can see shares of arcadium, they're up over 30%. rio tinto pulling back just about 1% jiabaoing withdrawing its latest offer after the latest round of talks broke down late last night, this as ratings estimates estimate it will cost the company more than $1 billion a month, downgrading it and also a possible junk rating. >>> x is back online after an order from brazil's top judge was upheld by a panel of other justices. >>> also, disney announcing a raise on ticket prices. meanwhile disney is among the theme park operators closing due to hurricane milton. the storm is set to make landfall tonight. >>> we're watching shares of trump media after surging 19% yesterday, the stocks riding four straight gstrengths of gains. >>> here's what to watch today. we get weekly mortgage apps and august hold data. the fed releases its minutes at 2:00 p.m. eastern time. >>> also several fed officials are speaking including fed cha

that is the prospect facing alphabet over its dominance of the online search. any quick find in the us department of justice says it is one of the remedies it could seek after google was found to have illegally crushed its competition in online search any landmark ruling back in august. the case centres on google accounting for 90% of such inquiries in the united states, which is similar to other countries. one of the crucial ways it does so well is the more than $26 billion in annual payments it is thought to make two smartphone makers to make two smartphone makers to beat their default search engine. the advertising around the search meant its latest results, alphabet reported a profit of $23.6 billion in the three months until the end of june. the us government says it is harming competitors and fully remedying these harms requires not only ending its control of distribution today, but also ensuring google cannot control the distribution of tomorrow. google said in a blog post the melodies were radical and would have... to go through this now i am joined by

alphabet, microsoft, meta, amazon and apple on deck will next week be the moment of truth for big tech and the ai trade? i guess people will say, you know, what are they going to spend, and is it going to prove that nvidia's market cap, pe is worth it, tim? >> well, that is the question, and i think we've talked about a lighter capex load might actually be something to rally the mega caps on i think at times, especially we know with meta that the year of efficiency led to a lot of gains, people have been concerned. i think with google, who is going to report on tuesday, there's a dynamic that i think there is some need to see some follow-through here. i think ultimately as we go into this period, if you look at the nasdaq 100 or the qqqs and the mag seven outside of tesla, have not made new highs, going all the way back to july semis have retaken some leadership if you look at that period from september 9th, there's been a couple of different periods the market has used to both rotate out of growth, back into value and this and that. from september 9th or shortly after we got that payr

for alphabet, this remains its main revenue driver.ity labs division will also be in focus. cloud computing will be a key theme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from apple's iphone segment. but they'll be watching for any weakness in china and the broader consumer electronics market. she will have a very busy week. martin bryant is founder of technology consultancy big revolution. which of these companies will you be watching for most and why? you be watching for most and wh ? ~ ., , you be watching for most and wh ? ~ . , , why? what will be interesting is google- — why? what will be interesting is google. like _ why? what will be interesting is google. like microsoft - why? what will be interesting is google. like microsoft and| is google. like microsoft and amazon, google has a big investment in al, so as you correspond to a saying there, ai will be a big focus there. it has really made an impact in terms of its cloud services division, so where it provides remote c

there has been a sideways movement of alphabet shares. how are people trying to think about any rosing us from earning styling into the antitrust nature? >> those are the two major issues people are focused on. most are positive on alphabet as far as fund mentals go. advertising seems to be strong, which is key for the search business. you do have the antitrust and regulatory picture. there have been rulings against the company and people are not sure how to price the impact and how severe any punishment is going to be and how long this will remain in overhang on the shares. these are unclear right now and something that is weighing on the stock right now and preventing it from the gains you have seen in other stocks. ed: and it could weigh the index level. you were writing about how profit expectations for those names reporting this week are still beyond the s&p 500 overall. i think we are on track for basically our lowest quarter of expansion in six quarters or something like that. how high is the bar? how brace are we for this week? ry

and many months after that, what were looking at is an at&t alphabet could be broken up google could be removed from alphabet, the one thing this is forced investors to do, what is also but worth broken up into pieces, the good news or the silverlining in all likelihood is worth more, alphabet is worth $2 trillion today and if you look at the club business you can compare it to microsoft or amazon it if you look at the youtube business you compare that to instagram a meta interview try to figure out what searches worth value like a market based company you look at it $2.6 trillion evaluation easily up 20 or 30% to $210 stocks, that is the silverlin silverlining. >> if you review on the empire but if you're an investor it could have more streaming hours and netflix there are thoughts that meta and amazon could be next in the crosshairs. >> i remember pringles can't just eat one. >> you can have upset people. ladies you cannot just eat one. >> this is scandalous you look at the tech giant amazon and meta and apple in particular on what the justice department could look at next. >> but

sales, from alphabet, a terrific set of numbers from the parent but also from google itself.tock up 5.25%. advanced micro, down, single digit amount, 9% slump anticipated, snap, the social media channel, seeing up 9%. and reddit, speaking of social media, the company surprised with the numbers up yesterday. expecting reaction, sales growth 68% which moved the company to quarterly profit earlier than analysts had expected. so that stock expected to bounce 22%. >>> in terms of u.s. futures, i don't think we hit a record on the nasdaq yesterday. investors are seeking big tech names on the nasdaq. don't expect it to add to the record position, third odd points to the upside. the dow also expected to recover, trading weakly yesterday, trading upside along with the s&p 500. >>> with less than a week to go until election day, presidential candidates are making their final pitches to voters. democratic nominee kamala harris delivered a closing argument speech in washington, d.c., at the location of former president donald trump's rally before the 6th of january capitol riot. trump he

shares of alphabet down 3% week to date. we have to check the bond market. yields at the highest level since july. key today is the september inflation report which is sfcpi out at 8:30 a.m. eastern time. still ticking up. now 4.07. the two-year back above 4%. of course, the long bond at 4.35. remember, this is a read on inflation expectations. that's the money set up. we turn to the global markets and another wild session up in asia and europe getting its trading day under way. we have jp ong in asia and dan murphy in dubai. >> trading has been mixed overall. china stimulus and the middle east tensions and the fed playbook influencing the travel for majors today. first of all, i wanted to flag insurance stocks have been leading market gains as hurricane milton hit florida, but it is also tech stocks and mining shares pulling markets lower here which explains why trading is mixed. we have seen european stocks under pressure as bond yields continue to move higher. german ten-year yield hitting a fresh one-month high. it has been tracking the gains in the fed

meta, meanwhile, shares up today after alphabet blew past expectations last night. speaking of evenings, coinbase and robinhood are about to report. coin is still 25% below its all-time high. we have the story and the trades ahead in earnings exchange. over to dom chu for the market numbers. >> let's start off with the record high. the nasdaq composite, we are currently right now just about flat on the session, but we did, again, hit a record intraday level for the nasdaq, driven by that big tech trade. the s&p 500, again, marginal upside, though. not yet at records but trying to creep back towards those levels. 5837 is the trade, up about four points. the dow now green today, so up about 0.2 of 1%, 42,307, up 74 points, again, a record high for the nasdaq composite, all of that mix of data and results that kelly mentioned driving at least one key part of the market with the nasdaq towards those record levels. big technology, a big focus today. alphabet, done and dusted. very positive move, up 4.5%. advanced micro, down 9%. both companies reported general beats, pos

when you joined google, alphabet hadn't yet existed. it was 2004, the company was started in 1998, i believe. how big was the company in 2004? sundar: 2004 we were just over a thousand people. we were growing pretty fast. we were about a thousand people. david: why did you come to the company? who attracted you to come? small little search engine company. search wasn't that big a deal, probably. sundar: i was using the product from the outside and i clearly noticed how much better it was as a product. i was what i called a power user of the product. i had ideas in my head of how the product could be made better. more importantly, gaining access to technology made a big difference in my life. i always had the power of giving access to technology. the thing about google which appealed to me was, you could be in indonesia or be a professor at stanford and you would get access to that information, as long as you had a computer and connectability. david: with respect to the company today, you've obviously had some legal challenges. one legal

resources on not to use for her benefit, well, the thing quote, trade in africa is affiliated aid, alphabetize being related rather than being traded with on. if we run away for a moment from the trade, which is just drawing west africa, is being strong or life, the pipeline is from those on slide those on, on zillow. then we go into the army and none of aid. and we, i saw a saw is why it is that students african countries that he gained independence. we continue to receive a if we are not receiving aid from the international monday through fund, off from the was bank or from the european union unlikely event from this chinese. we us crouching and we are told that a is the magic bullet that will save the continental foss with the onset to that question. is no. somebody as a dumb be somewhere else as written, a book, which must be commended to all dead 8. i'm dumb boost that tells us that not a single chemistry is gone and butter eyes on the basis of being a to the some lawyer tells us not in so many was but to the effect that if monica continues to receive aid, then she would remain a slave, a

waymo is the autonomous driving unit of alphabet, parent of google. alphabet is leading the round.he stock did push higher after the open when the news hit. later, we will bring you the full details. interesting names in the world of finance participating. a lot of attention on autonomous driving. bloomberg is reporting the first u.s. chip plant in arizona has achieved yields that surpassed that of equivalent plants in its domestic home of taiwan. important political and industry story. shares up almost 3%. caroline: let's get to it. the nuance of the yields in the first plant in arizona surpassing similar factories back home is a significant breakthrough many feel for the u.s. expansion project. ian king joins us. it was hard to get to the position they are currently in. ian: there were several reports there were labor issues. can they really do this outside of their home base? this is big bet the government is making on a foreign company, is that going to work out? tsmc and our sourcing is indicating it is working out. ed: i think it is worth explaining to the audience what yield

you did have that better than expected report from alphabet and what was a higher nasdaq and

interesting piece on alphabet today, jim, looking at this a.i. tool. >> that would be absolutely fantastic if they could do it. right now, you can see that when you do a google search, it kind of -- it's pseudo-gemini, but if this would drive you to place where you buy, that has always been the reason i was worried about amazon is that i felt one day, alphabet could do that. if alphabet were to break out waymo and get it out of that other stupid area, that could be very positive. although, musk is relentless in saying that waymo is ugly and i think that's because it's got the thing -- when you hail a waymo, it looks like you're hailing a helicopter. >> you don't do this to hail a waymo, by the way. >> well, i have the waymo app. it's 30% less. >> there's no whistle? >> no, it doesn't do that. >> actually, those were the good old days. >> it's a jaguar, but it doesn't look like -- >> jaguar. >> that's how they pronounce it. i pronounce it jaguar. >> me too. jagiar. >> you mentioned cars. vw is closing some factories in germany, cutting pay by 10%,

namely, google—owner alphabet, amazon, apple, meta and microsoft.urse, with just a week to go before americans go to the polls to vote for their next president, investors will be keeping an eye on how the markets perform this week. our north america business �*them seven reporting. five of them take 23% of the 500 index, a big waiting with big implications for the stock market. if there is any underperformance, investors could punish the stocks, particularly if there are any mrs when it comes to artificial intelligence and that could bring about some volatility. on the economic side, some data coming out, the third measure of inflation, us gdp, and on friday, the all—important friday, the all—importa nt report friday, the all—important report for the month of october. when it comes to jobs, we are expecting only a modest increase, we have had a impact to the latest report, to hurricane is, the boeing strikes and some furlough which is likely to impact numbers, but it was a strong september report as well. when you look at gdp, they are expecting the

that is the very real prospect facing alphabet over at their dominance of online search, in a court filing the us department of justice says that is one of the remedies that it could seek after google was found to have illegally crushed its competition in online search in the landmark ruling but in august. this case centres on google, the fact that google accounts for 90% of the search inquiries in the united states, which is similar to other countries. one of the crucial ways it does so well is more than $26 billion of annual payments it is thought to make two smartphone makers to be the default search engine on their phones. the advertising around search means in its latest results, alphabet, google�*s parent, reported a profit of $23.6 billion in the three months to the end ofjune. the us government says that is harming competitors and remedying these harms requires ending google�*s control of distribution today and ensuring it cannot control the distribution of tomorrow. let's bring in albert north america business correspondent who is watching this story for us. how real do you think

focus on the cloud division of course at alphabet. coming up, we will switch focus because the israeli prime minister says he is open to a short truce in gaza and -- in what would be the first cease-fire deal with hamas in nearly a year. we bring you the details. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. israeli prime minister benjamin netanyahu says he is open to a short truce in the country is more with hamas that would lead to the release of a small number of hostages still held by the iran backed militant group in gaza. does this suggest that a truce in gaza, even if it is short, is getting closer? >> in some ways, there has been progress because the gaza truth talks have been stalled. take your picks two or three months or longer depending on how you define it. they've gone absolutely nowhere in that timeframe. the fact that negotiators are backing qatar talking about how to get a deal is certainly progress of sorts. egypt is proposing a 48 hour truce initially for the release of four hostages and the

alphabet reported a profit of $2.12 per share while revenue increased 15% to $88 billion.ales and search of cloud businesses. as the main search business matures, google is betting on growth in the cloud division which applies computing power, software and services to other companies. google drew more

alphabet. as google reported last night, digital assets with quarterly revenue.have all the numbers coming up. major economic data, the october adp in the first read of quarter gdp coming out this morning could be a market mover, the federal reserve inflation september pce out tomorrow ahead of the october jobs report on friday, then this trump social media company pulling back this morning after soaring along with the polls, djt valued higher than elon musk's x in the new york times. everything you need to know about the moves, european market is in the red take a look at the euros on decline across the board in europe. in asia as well, markets mostly lower and the asian embassies with the exception of japan which is down again, joining the conversation bullseye american ingenuity fund manager adam johnson, new york city council joe borelli and frontier strategy ceo mehek cooke. "mornings with maria" is live right now. ♪. maria: the white house doing damage control after president biden insulted trump supporters while on harris campaign and campaigning days befo

we had alphabet earnings coming out very positive. even though it is floating higher, you have other idiosyncratic stories under the surface. you don't see has much love in the semi conductor index. the two year yield at 414. a move of about four basis points. the 10 year at 425. that is not moving into the equity market at least for today. mid-day movers of the equity side. we'll bring in abigail doolittle. abigail: it's take a look at one of the big movers. alphabet up 5%. they beat adjusted earnings by 7%. they beat sales by more than 2%. search was strong. the cloud was strong. lots of other details for different analysts. morgan stanley liking the youtube result while barclays highlights ai. turning to one stock doing less well, amd down 9.6. percent the worst days since july of this year. they basically put up and in line quarter, the guide for this current quarter below what expectations had been for a little bit. the ai contribution not as strong as analysts were hoping for. the stock had been down more than 10% heading for it

it calls it the moon shot factor and has projects that sometimes don't make it to alphabet proper butoint of this moon shot factor is to let their employees try different things, new technologies that are high-risk, high reward and usually expensive. that's what waymo grew out of. by funding it sprayly separateln interesting way ofgrowing it, but the losses are in the billions of dollars. so it's an interesting way of keeping it inside the alphabet umbrella it could be a blueprint for other companies as they try to diversify and come up with new businesses within their core >> yeah, if regulators won't let you buy a startup, maybe you have to build them >>> coming up, two software names mizuho says are part of the key to unlocking the $100 trillion ai treasure we'll reveal them and how far they can run when "the exchange" is back after this glp-1 drugs used in weight loss treatments are a global blockbuster, even with disliked and inconvenient injections. study results are arriving monthly from lexarias patented oral delivery technology trials. lexaria bioscience. >>> welcome back the

alphabet after the close., next week on tuesday, we will get an election result i hope wednesday morning, could be election week. two days later after that, we get a federal reserve meeting. good luck to the fomc. lisa: are you having fun? exhilaration is not the first word when it comes to mind when thinking about the election, may be anticipation for some sort of certainty. especially at a time when you have yields creeping higher. that is why i think that is the main theme. why have you seen this 68 basis point rise in 10 year yields when the fed is still on track to cut rates? that mystery is underpinning a lot of what we see in the markets. annmarie: depends on who you ask. jessica taylor talking about, it may take days, at least for the presidential race, if it is that tight. that means may be friday, saturday. we could have a fed sitting down 48 hours after a presidential election not having any answer on what policy will look like going forward. jonathan: we are flying blind into 2025 and it is hard to

we have a feeling alphabet is one of their main sources there, so hearing from alphabet on what they're doing in building out search, building out a.i., really has the implication for all of these innovative trends moving forward and seeing if at these val united nationses things still make sense. as we saw earlier this year, there was a little bit of a concern in spending on investment and a.i., when mega cap tech trades down because they're so cap weighted to the overall market it really helped and brought the overall market down. so maria, i think listening to earnings, listening to the outlooks from these mega cap tech companies are really important in this stage of the cycle. maria: yeah. for sure. ryan, same question for you. we've got a big week on big tech earnings. what do you think? what are you expecting as well as big-time data coming out, we've got the september jolts report out this morning, economists expecting 8 million job openings were available at the end of last month. we'll get the october adp number and first read of this quarter gdp tomorrow and the october jobs r

alphabet, big catalyst.ill -- well, now the nasdaq is in the red, too. s&p down about 8 1/2 points. let's look at the ten-year quickly. 4.32%. it did seem to tick up a little when we were talking about how screwed we are. make sure you join us tomorrow. "squawk on the street" -- >> it will be better. >> we'll be fine. >>> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber. futures under slight pressure as the ten-year climbs to 4.32%, highest since july. pfizer, royal caribbean, sofi, paypal all guiding above. our roadmap begins with a parade of blue chip earnings, and mcdonald's comps fall more than expected. pfizer did hik

alphabet kicking off tech earnings, reported a double beat with a.i. revenue by 35%, $11 billion in that cloud revenue. stock is up 6 and-a-half percent right now. we are going to hear from microsoft and meta after the bell tonight. and then of course there's amazon and apple tomorrow night. these could be market movers coming up, particularly apple. what are your thoughts on earnings season so far, particularly in big tech. >> so the alphabet earnings is pretty exciting. i'm someone who is on the record as being a major bull of nvidia. if you listened to the call, the ceo talked about how generative a.i. and a.i. tools used for search is increasing interest and more search activity on the google search engine and we like seeing that if you're an nvidia bull because that means that you're starting to find ways to monetize a.i. these companies have been investing and so this is really bullish if you're on the a.i. train in any way, shape or form. he also talked about the cloud which again really benefits some of the semis and alphabet is not seen necess

we look at alphabet, still up.ok a dip as information reported that meta ai may be trying to reduce dependence on google search and build its own method of screening the internet for current answers to prompts. now we are up .7%. let's return to apple. helping lead the benchmarks higher today. let's go through what we have heard today. among the new products, we understand the new imac is coming with the chip, an upgraded camera. apple intelligence as well coming online as soon as today. let's get to it. we are all trying to work out how we are going to use apple intelligence in our various products, but how important are these announcements? >> i think the announcement is important from a tech point of view to showcase how good apple is when it comes to chip technology and how far it has come in the last four to five years. i think it is probably important from that point of view. as you know, mac account for 10% of total sales for apple, so financially not so much but it is important from a tech point of view. >>