the biggest players in the area, amazon and microsoft, reviewing their efforts to improve diversity withinir ranks. sukhinder singh cassidy joins us for a company that connects boards and qualified female candidates. she was a former executive at amazon. good to see you. tell me what you are doing at geekwire in seattle. sukhinder: i'm here talking about my favorite topic these days, diversity in tech and corporate governance, and, boy, are they intersecting right now. cory: what's the audience in terms of that message? what's new in that conversation? sukhinder: in terms of what's new in the board of directors conversation, i think we need to look back to the last nine months, even here in the valley. of course, we can look to hollywood right now for much of the same unfortunate news, which is, boards of directors being surprised by allegations against the ceo, which brings sexual-harassment or sexual misconduct allegations. i think what we are really learning is that corporate governance is behind in the valley and particularly behind when it comes to matters of gender. cory: it doesn't

microsoft is in bellevue, adjacent to seattle. beyond amazonsoft, you have a spoke and google and alibaba and even -- you have facebook and google and alibaba and even baidu. tos interesting, in talking a venture capitalist yesterday, she talked about how she thinks that folks in the seattle tech scene may be even more loyal to their companies than they are potentially in silicon valley, because a lot of talent is coming from silicon valley to seattle, because there are fewer options. but that loyalty can really pay off when it comes to company productivity. take a listen to the conversation we been having with some of the folks -- we have been having with some of the folks. >> seattle is one of the major tech hubs in the world. it boasts 100,000 experts in i.t. emily: the start of scene continues to evolve here. i think it's always -- >> the start up scene continues to evolve here. it's always been strong. >> the cloud capital of the world. it is definitely cloudy in the weather. but, really, between amazon and microsoft and all of these other

night of earnings for the quarter our traders on the desk, it is tech's big time to shine amazon, alphabet, microsoft, intel all higher jack jackie deangelis is gearing up for amazon in a few minutes. dom chu is here listening to intel. rich ross is standing by, ready for instant reaction gene munster is standing by for us, you can see him on his red iphone listening to those calls. we start off with tech nirvana, alphabet, amazon, microsoft, jumping on the after hours some impressive moves for stocks that have had huge runs this year do you just keep betting on tech pete >> yes and it's easy to me because of the fact that we went into this and talked about the fundamentals if you listen to the earnings calls almost across the board, everybody has incredible growth. i'm mostly focused on microsoft, i have a large position. i also have something on intel those are the two i care about the most when i look at microsoft and i see the commercial cloud and the growth they've got there, this is something that satya nadella put out there the day he came on board and he's executed every quarter. the fact tha

. >>> it was a very big day for the tech titans state side amazon, microsoft and alphabet reporting. amazon soared, and customers snapped up grocery from whole foods. alphabet enjoyed strong growth in ad sales and higher than expected operating margins josh lipton has more >> alphabet reporting a clean beat across the board. earnings per share of $9.57. the street was looking for $8.33. revenue, 27.77 billion on the call, the ceo laid out his vision for the company, and his focus on ai. >> consumers can already experience how ai allows ai computing more naturally than ever before. computerers are adapting to people, rather than people needing to adapt to computers are. fundamental is google search and our assistant. we introduced our assistant last year and it gets better every day helping people get things done in the real world walmart and target integrated with google home, which means you can order every day items from them much more easily >> sundar pichai talking about how various businesses were performing he mentioned youtube which he said was seeing phenomenal growth with 1.5

amazon, microsoft and v.m.ware, it's a hub for technology and innovation.has been for quite some time, but outside of those tech giants, also a home to a growing number of startups that could lead the way with a.i. and cloud computing. always a pleasure to see you. look at you with the bloomberg monitors behind you. we've been talking about this for a long time. you and i have been talking about this for a long time, what makes seattle such a tech hub. we mentioned those great big companies. certainly microsoft and the history of microsoft in that city, you have to start there. >> you have to start with microsoft, they have been a huge driver of the ecosystem and now the cloud ecosystem. but as you said, two of the top five market cap companies in the world are the tech companies in amazon and microsoft. just a plethora of startups and there's thousands and thousands of folks working to get companies like google and facebook up here. so we really have it covered in terms of diversity of perspectives in the tech industry. cory: i guess we leave out companies

for the amazon microsoft and google's parent company alphabet have in common one or three american companies just keep on growing turning and better results quarter after quarter beating analysts expectations and the stock market well they're loving it. sales like prime day help attract customers and are driving amazon's profit to new heights but amazon isn't just making money with direct sales it's also earning more with online advertising and turning up the pressure on market leader google amazon recently opened a new office in new york with around two thousand employees dedicated to selling ads. and amazon cloud services remains the market leader when it comes to helping smaller companies into the cloud over the last three months amazon earned over two hundred fifty million dollars with demand for cloud services growing by the day microsoft is also doing solid business with its cloud solution it's flagship cloud platform is called and helps companies manage their websites apps and company data microsoft boss such an agenda has managed to successfully shift the tech giant away from its dep

we spend time with the biggest names in the region including amazon, microsoft, and starbucks. t's start with amazon vice president of alexa devices. nottells us that they would rule out partnerships with rivals if it means improving their voice activated technology. i am focused on trying to reduce friction for customers and drive towards what we call our customer experience north star. really, it is making sure that alexa is more humanlike. pathwe can shorten the from where the customer is starting and where they want to be with less and less work on their part. want alexa responding likeless of the "ah ha's" in the snl skit? >> something like that, yes. emily: when it comes to understanding human language, are we already there when it comes to how much improvement can be made? >> we are definitely not there. it is still day one, very early stages. machine learning, artificial intelligence, i think we will see a lot of improvement over the next few years. emily: how so? >> i think the technology is there. developers need to be able to build features in the cloud which will all

amazon is looking at a 4% move, alphabet aka google, also 4% microsoft, about 3.5%. put it all together, that represents about $67 billion in market cap swing potentially as far as the options market is concerned. a quick point about that also, these are in line approximately with the average moves on earnings over the past eight quarters for each of these >> pete, earlier you were saying if microsoft saw a pullback, you would consider buying. is that sort of a pullback which is an average move enough for you to buy >> add, because i'm already in it, i'm in the calls and the stock once again in that name as well i believe in the story i see their growth i think they are taking market share away a little bit from aws and the rest of the competition. i think their growth is strong enough i would want to buy >> for an amazon and a google, it's all about the acquisition costs, how it comes in, are they decelerating or accelerating i think you'll see potentially -- gross margins are the most important thing with amazon if there's a little bit of an uptick, that stock coul

scarlet: and you can credit amazon, microsoft, and alphabet. d speaking of amazon, it is now targeting health care. news that amazon received pharmacy wholesaler licenses in one dozen states triggered a selloff in drug distributors. other players seem to be looking at some defensive moves, with cvs in talks to buy aetna, the insurer. tito martins joins us now. when it comes to this report edna, this is from , defensive posture -- aetna this is from a defense upon your? this is the amazon specter, they cast a long shadow over any industry they are involved in or route to be involved in. there is not a lot of opportunities for cvs in their core businesses. they are a pharmacy and manager. we have seen horizontal mergers and those businesses are not going through these days by evidence of the walgreens-write a deal last year being pushed , so the only way they cannot on to their business and grow is to do anything outside of those core businesses. what about how this will look in the real world, i know that analysts are saying they might create man

in fact we saw facebook, amazon, microsoft, google all at new highs. amazon up 13%. alphabet google up 4%. microsoft up 6% and intel up 7%. amazon, who became the richest man in the whole wide world, $91 billion. the first time this happened when the stock hit a high in july. they published a list way back when. he was worth 7 1/2 billion. he is way over bill gates just slightly. he is number one. takes the cake there. we look at cvs and aetna. this is a story we broke right here on fox news right going into the closing bell yesterday. both came under pressure on tie-up of a deal. you can see a new low for cvs health. down 5.7%. aetna a big laggard. for the week we have all up arrows and we have to cheer some of those winners and tech did really great, really shine today. cheryl: the amazon effect hitting entire market. nicole, thanks so much. economic growth crushed expectation this is morning. gdp hitting 3% for the third quarter, despite impact with not one but two deadly hurricanes. let's bring in today's panel. care roth, entrepreneur, former investment banker an

amazon, alphabet, microsoft, and intel, their stocks are soaring. next week, apple and facebook report their earnings. can you expect more of the same? and will these giants turbo charge the tech rally, guys? >> it will be harder for a company like facebook, for example, to do what a microsoft did today or an intel did today

exactly what happened tonight with amazon, alphabet and microsoft. in particular amazon earnings gigantic, can gain every bit that industrial can gain and more but going forward, only a handful of tech companies that generate those games and most will struggle to keep up with the industrial joneses in this scenario, recognize that risk like beauty is in the eye of the beholder. right now what is risky used to let you sleep at night, food, drugs, health cares. what is rewarding, cyclical companies with managers who pruned and cut and tucked and nipped through the wilderness and finally at long last reached the promise land and making fortunes for everyone who stuck with them. going to mike in florida >> caller: boo-yah jim i invested in cedar fair about a year ago, a stock you recommended. good dividend. down about 2 1/2 points but rallied back and closed up again today. just get your opinion of the stock before it reports earnings next week. thanks >> think they're terrific but now in cyclical moments where people, really, really, really want somethin

the nasdaq will be a big star after a big night for big tech amazon, google and microsoft beat europes solid and back home watch bonds, the strongest back to back gains since 2015 the big day for big tech rollout earnings from amazon and alphabet and microsoft and intel. >> all of those set to move higher at the open as well we've got the amazon effect -- well, maybe, maybe being blown a little out of proportion what is true is cbs vs is tryint buy aetna, in a deal worth $66 million. >> the retail wreck, macy's kohl's moving lower also it is a strong morning for big tech all jumping on better than expected results, guys last night in the first hour of all of those results, the combined market cap of the three, microsoft, amazon and google, up $80 billion in an hour >> i'm calling it terrific thursday i mean, there were four pearls last night >> i know them. >> in reference to pearl jam. >> got it, even flow. >> very well done. >> i have to tell you i'm trying to rank them and i can't, they were that special. because i can tell you microsoft, azure number was great. i could go easily i

we spent time with the biggest names in the region including amazon, microsoft, and starbucks.et's kick it off now with my exclusive interview with amazon vice president of alexa devices. she told us that they would not rule out partnerships with major rivals like apple and google if it means improving their voice activated technology. >> i am focused on trying to reduce friction for customers and drive towards what we call our customer experience north star. really the idea there is that alexa is more humanlike. so, it is conversational. so we can shorten the path from where the customer is starting and where they want to be with less and less work on their part. emily: is alexa be responding with the "uh-huh's" like in the "snl" skit? >> may be. i joke that that is something like a human would do. emily: when it comes to understanding human language, whether it is an adult talking or a child talking, or are we there when it comes to how much improvement can be made? >> we are definitely not there. it is day one, super early stages. we like to say we are on the tipping point o

dagen: microsoft alphabet parent company of google on track for record highs amazon stock a boost microsofthis morning, you look at these stocks go, and amazon on the nice, that not just earnings but amazon is getting into the pharmacy business or gotten approval for wholesale pharmacy lines, "the wall street journal" reporting cvs in talks to buy third learners insurer in the country aetna 66 billion dollars, this deal is in direct response to amazon, is that right? what other kinds of deals could we be looking at in response to amazon's move into more and more businesses. >> this really is a shot across the bow if you think about what did amazon do that was of the most significant recently they bought whole foods. >> getting state licenses with pharmacy can they distribute basically prescription drugs through their wholly appoint logistics with whole foods cvs looking to do detail with aetna they have no experience in, so this is pretty telling we are going to see this story play out over the next couple quarters, not years there is going to be a lot of activity, we are going to get a lot

amazon was one of the first companies to join the challenge to join the travel ban. microsoftnd amazon committing to defense for its employees. this is critical to the university as well. some of our best students. emily: ai, machine learning, these are areas of innovation that are exploding. do we have the resources to train students to be ready for these jobs? is there a coming skills gap? >> there is a huge skills gap in this country in computer science. there is a workforce gap in this state. the gap between degrees and jobs available is four times as great as the gap in other areas combined. in washington. 77% -- 73% of all the newly created jobs in all of stem it will be computing. created -- whether all computer science all the time. we have got to educate them better and faster. >> i know you are incredibly passionate about diversity in computer science. what is the progress you are seeing? >> that is a good question. it is taken for more seriously. the university of washington has a long way to go but we graduated with a high percentage last year. the national average

next case, amazon, microsoft, google. they are huge companies, they report after the bell tomorrow. mike murphy, any hint on what you expect to see? >> good to very good earnings from the companies. they've all run up year to date, stuart, look at a company like amazon, amazon in the last three months is down about 5% while the dow is up 4%. amazon is sitting here and building a base. i think good to solid numbers are going to push the stocks back higher. new up trend. stuart: i may be getting ahead of myself, liz, do you agree with that? >> i think they better because they have been the market leaders and, yes, they have been a little bit soft lately compared to the market but they were, you know, it's been a concentrated market move for the first half of the year. the stocks were influential, so i think they probably will be good and we hope so. stuart: okay, i have to get to chipotle, i have -- probably the stock of the day, new queso dip isn't enough to lift profits. this all goes back to e. coli outbreak. they never

amazon, microsoft. ention lately as more than 200 cities across north america have put in bids to be home to the compa ny‘s america have put in bids to be home to the company's second headquarters. look out for any updates on amazon's $13.7 billion purchase of whole foods. the continued push to the cloud will help microsoft's revenue for the quarter. it is being led by its flagship cloud computing programme. finally, google's parent company alphabet is expected to report a rise in revenue. people searching on their mobile phones was a boost for their mobile phones was a boost for the company. its non—search businesses like youtube were all bigger than expected moneymakers. maike currie, investment director, at fidelity international. the tech earnings in just a moment, but let us roll back to what ben was talking about, the big meeting later today of the european central bank, high expectation they will unwind the years of loose monetary policy we have been seeing. what are you expecting? it is a key mom

amazon, alphabet, microsoft and intel moving sharply higher. amazon up by 7.5%. have more on those earnings in a moment ten-year treasury note for you also moved higher. that led to a decent move higher in the dollar. 2.45% as you can see continuing that trend over the last month of yields going higher main reason for that was the house passing the budget vote and i guess with that increasing hopes of tax reform being possible >>> a positive session overnight in asia with chinese stocks and hong kong stocks heading for the highest close in two years this comes a week after china wrapped up a major political event take note of the move in japan a fresh 21-year high for the nikkei, surfacing 22,000 ahead of an important bank of japan meeting next week. hang seng higher by 0.8% >>> in europe, some economic data that traders are digesting. the french consumer confidence pulling back on uncertainty. president macron's reforms getting much more scrutiny overall, the dax has been the big outperformer over the past 12 months. the ftse 100 up about 7% >>> as for broader m

it closed up 2% for friday itself, after some blowout numbers from the likes of amazon, microsoft andlphabet as we said already facebook and apple on the docket this week reporting their own numbers. this morning we are a little bit mixed. the dow and s&p slightly lower, the nasdaq slightly holding on to gains ten-year treasury note moved above 2.4% last week but slipped back down and in the last half hour dipped to 2.397% on the ten-year note. asian equities the nikkei coming another stellar performance last week, up 2.6%, a record close on friday but this morning in and around that level still, record intraday on friday but not a record close still nicely above 22,000, it's been a great set of numbers. recently shanghai was up 1% last week hong kong lower and both markets slightly soft this morning. european trade we saw the euro names do well the likes of france and germany up 2% after the euro softened during the course of the week the ftse ended the week sligh y ly lower and slight gains for spain. oil prices had a decent jump on friday taking the gains for the week to 4.5% this

night of earnings for the quarter our traders on the desk, it is tech's big time to shine amazon, alphabet, microsoftl higher jack jackie deangelis is gearing up for amazon in a few minutes. dom chu is here listening to

is it too hard to pick because of amazon, microsoft, intel, they were all so darn good >> they are and it's too hard to pick the growth on the type of revenue base they already have is outstanding i don't think you've ever seen it in the history of the market. >> but amazon, right, so the street is expecting seven cents. they come in with 52 they are like you want profitability, okay? we'll show you profitability. >> that's a good point 30% top line growth. >> they can turn it on and off the 30% top line growth is unbelievable google also great growth look, here's how -- >> 33% goog. >> too early to think about selling these and i'll tell you why. traditionally as you go into the end of the year, a positive market and not only that, you've got amazon with their own products which is helping drive revenues and drive profits, and you'll get into the christmas season so analysts will be tripping over themselves to raiseprice targets, a happy consumer and great economy globally so they will keep going and the change in these companies is really amazing, so you've also got to look at other

the earnings news is helping amazon, microsoft all rising.ng up, a statement at 815 p.m. about the referendum. catalonia was voting in favor of independence. you can catch all of our interviews on 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. scarlet: it's 2:00 p.m. in new york, 11:00 in san fransisco, and 7:00 p.m. in london on this friday. abigail: and i'm abigail doolittle, in for julia chatterley. welcome to bloomberg markets. ♪ we are live at bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and from around the world. a profitable quarter for internet giants,

we'll hear from amazon, microsoft enough of that. rods in terms of money moving although they haven't been training database numbers it will have numbers for you and analysis as soon as they hit the tape. take a look at markets right now when we see the dow jones industrial average, nasdaq and s&p 500 are higher by a fraction. europe stocks are higher as well. european embassies as well off by about a third of a percent on average. ft 125 points. ccf 27 points higher in the dax up 45. in five. nation overnight, americans close mostly higher with the exception of the hang seng and kospi. shanghai composite in china at the third of a percent. nikkei average in japan also higher. rebuilding america, chief economic adviser gary cohn telling lawmakers that a gas tax could be in play next year with the administration unveils its infrastructure package. what that means for your wallah coming out. walgreens bad idea. crisis in america. the lifesaving nasal spray narcan. president trump waiting on the opioid crisis while speaking with lou dob

right sarah save the best to last this friday big names some big numbers as well so what to amazon microsoft and google's parent company alphabet all have in common well the three american companies just keep growing turning in better results quarter to quarter beating expectations in the stock markets. sales like prime day help attract customers and are driving amazon's profit to new heights but amazon isn't just making money with direct sales it's also earning more with online advertising and turning up the pressure on market leader google amazon recently opened a new office in new york with around two thousand employees dedicated to selling ads. and amazon cloud services remains the market leader when it comes to helping smaller companies into the cloud over the last three months amazon earned over two hundred fifty million dollars with demand for cloud services growing by the day microsoft is also doing solid business with its cloud solution its flagship cloud platform is called sure and helps companies manage their websites and company data . microsoft boss such an agenda has managed to

here amazon's cloud quarter a quarter ago was a bit disappointing. microsofte unit that does productivity in cloud is expected to be the one that grows the most what metrics should investors look for. >> in the cloud in particular this is a huge fight. amazon had a real leadership edge this business was a stealth business for years nobody paid any attention to it. they burst out, now it's driving a huge amount of the value but now they're coming under increasing competition so that's an area that investors should focus on the other thing that happens with amazon often is they seem to be going into another investment cycle where they will be losing money. that often spooks people it has always paid off for them, but it's something that investors will likely focus on. >> data center will be big for intel's service business as well cloud is going to be big for their data center business as well so that will have an impact there as well. henry, thanks. >> great to be here. >> always good to see you. kayla tausche has breaking news out of d.c. >> treasury just push

amazon andicrosoft, intel. amazont, microsoft and all trading at all-time highs. tive fiber cloud. big influencea for all of these companies. for amazon, their most profitable unit. alphabet, big numbers. 24% year-over-year sales growth. by the cloud. joe: all about the cloud. scarlet: let's look at some things that are cloudy. these are the big losers. all declines.ney, baidu.lth and retail, earlier today, jcpenney was below three dollars. below 25%. it's worse a day since 1980. this is after they announced an inventory liquidation. cvs health on the possibility of amazon coming into the drug distribution space and investors not liking the possibility of a merger. and look at baidu, forecasts missed. investors bailing out. joe: let's take a look at the government bond market. yields in the u.s. today lower on the day. you get this massive risk on surge but lower yields. part of the explanation being the news that trump is leaning towards choosing jerome powell to head the fed. if you look at two-year yields, you can see that drop just before 10:00. right around 10

the industry was put to the test and passed with flying colors, as alphabet, amazon, microsoft, and intel blew past earnings estimates. >>> blockbuster deal. cvs health is reportedly in talks to buy aetna in what could be a transformsive deal for the health care industry. >>> why your mutual fund may not be all it's cracked up to be, tonight on "nightly business repo" for thursday, october 26th. >>> good evening, everyone, welcome. lots to tell you about tonight. a possible major deal in health care. a presidential push against opioid addiction. and a report that questions how you probably pick mutual funds. we begin with major news about profits in tech-land. and they were good. expectations were high, and big tech did not disappoint. four major companies reported quarterlies that were much stronger than anyone expected. let's start with amazon. the story here, simple. revenue. up. profit, up. the stock, up. the company earned 52 cents a share. expectations were for three pennies. sales jumped 30% to $43 billion year over year. vers s were giddy, sending shares through the thousand dolla

amazon was one of the first companies to join the challenge on the travel ban. microsoftmazon have been committing to provide defense for its employees. this is critical. the tech industry is critical to universities as well. emily: setting of students, ai and cloud computing and machine learning, these are areas that are exploding. do we have the resources to train students to be ready for these jobs? or is there a coming skills gap? ed: there is a huge skills gap in this country in computer science. right? there is a workforce gap in the state. the gap between degrees granted and jobs filled is four times greater than all other areas of engineering. emily: in washington? ed: in washington. 73% of all of the newly created jobs in the next decade in all of stem will be in computing. 55% of all available jobs, whether newly created or of a available, due to retirement. we have to educate them better and faster and grow our great companies. emily: i know you are incredibly passionate about diversity and computer science. women in computer science, what is the progress you a

can google, amazon, microsoft and so many more big names keep stocks climbing? jim terranova, jim lebenthal, jo

mcdonald's, caterpillar, boeing, amazon, microsoft, oouu.p.s. roughly 70% of companies see revenue beeps. should you keep buying stocks into earnings? >> you know, this is interesting. we have a little bit of volatility paradox going on here we frequently hear people expressing concern about valuations i don't know that valuations necessarily are the precurls forea potential drop i think i look at volatility, i see it as low as it is i see actually continued confidence in the market right here the other thing is that we are seeing some dispersion, that is, on these earnings results we've seen financials, for example, which probably did a little better on an operating basis, stocks don't move. something like materials which basically are otherwise flat stocks do well, industrials not so much so stocks going in different directions that basically is going to create some steadiness in the market. i think market unsteadiness is what would really cause investors -- >> we've seen all year long, for a couple of years, this rotation between different se

s&p companies and 12 dow components, names like mcdonald's, cat perfect ter pillar, boeing, amazon, microsoft, ups you get the picture. roughly 70% of companies think eps and revenue beat should you keep buying stocks into earnings? let's get in the money right now, mike? >> this is interesting we have a volatility paradocks i don't know that valuations are the precursor to a drop. i see volatility as low as it is i see continued confidence in the market right here. the other thing is that we are seeing some dispersion that is that on these earnings results we see financials which probably did a little bit better on an operating basis. stocks don't move. you see something like materials which basically are otherwise flat, stocks do well stocks not so much stocks are going in different directions that's going to create some steadiness in the market i think market unsteadiness will cause investors -- >> to mike's point, i think we've seen all year long this rotation between different sectors, right if you have this dispersion, then you're going to get active managers back in the space moving be

especially the focus will be on thursday when the big tech companies will be out with earnings amazon google microsoft intel but then also on tuesday we will have general motors for instance or make donald out was number so a lot depends on those earnings if there's a rally that we've seen recently can continue all right plenty to look forward to this weekend's quarter in new york for us thank you for us wealth already said given a german com make a fox fog and the green light to repair around thirty eight thousand s.u.v.s with really to diesel engines that could potentially have access and we should never and this is welcome news for fox german car maker would have had to pay up to four billion dollars had the u.s. authorities denied the approval for the vehicle fixes that means it's set to save around one billion dollars as a result of that decision that decision affecting its. seven and porsche cayenne models. nevertheless the clouds continue to gather over germany's car industry here in europe the european commission has announced even more raids on offices of comic saying it was looking for evide

>> i think it's probably going to be amazon and microsoft the guys playing catchup are oracle, they are trying to run as fast as they can there. and he's right that google is making a play there. so hard to be number three and four, so interesting to see how it plays out >> richard, what appears not quantities guyable is the regd laer to risks. there seems to be consensus that something is coming whether related to the elections or data gathering, et cetera can you can price in anything? what do you do with that big unknown out there? >> is that's a good question i think at this point microsoft is not bulletproof, but we think that it's in pretty good shape and if you listen to the narrative, he's a big proponent on legitimate security and safety and privacy and those things so i think they are on the right side of history in this case >> how about you, aaron? can you price this in at all and if so how? >> not too concerned with regulatory issues right now. google has a few in europe going on we don't think that are that impactful on the revenue side. let's say they

microsoft's cortana. these are all separate bullet points. it speaks to amazonwere just going to throw a bunch of stuff against the wall and we suspect some of the stuff is going to work. olivia: that's how they do it, they are the everything store. their strategy was consumer electronics, they always have something up their sleeve. alexa is about ordering more groceries and getting those customer touch points. .e all eat several times a day how can amazon integrate into our homes, our kitchens, and be there at every moment when we need something. abigail: at what point could this strategy possibly fail? flags, it ceo of six seems like they're getting into so much whether it's groceries, drugs, athletic wear. at some point a business model can benefit from having expertise or specialty in something. is it possible to be the best in everything? olivia: it's a really good point. we saw this with amazon fresh that they rolled out several years ago, and it wasn't working. people were not buying their groceries through amazon online. i think it is because the quality

amazon's results for us. josh lipton covering alphabet. jon fortt is covering microsoft. deirdre, let's kick things off with you. >> amazon shares surging more than 13% last time i looked above the 1,100 mark to all-time highs bringing year to date gains to 45% and'sly taking its market cap over the half a trillion dollar mark less investors, as usual, willing to accept lumpy profits especially as more consumers enter the amazon ecosystem subscription revenue including prime membership signups grew nearly 60% in in the quarter and its profit engine, aws, saw its profit margin expand that may be the riskier bets amazon is making in unproven businesses like groceries, hardware and content look like short-term pain for long--term gain during the quarter, amazon closed its whole foods acquisition, contributed $1.3 million to revenue and first time amazon broke up physical store sales with cfo telling analysts during the call that expansion into brick and mortar is on the way. to top it off, guys, amazon gave upbeat guidance going into the all-important fourth quarter holiday s

alphabet, amazon, microsoft, they all report. i believe alphabet had a strong quarter with good montization of youtube. amazon competes for cloud services business with microsoft as your division we'll see if data center is still growing at a blitzering take intel will tell a story -- remember it closed in a -- friday is our day for judging the big oils after the slowly disappointeding action of stock slummer gee, from what i thought was a decent quarter, i would not get your hopes up for exxon or chevron. merck's stock been -- by merck can't hold a candle to add visit and i believe it had more room to run finally we'll hear from colgate and there's a lot of -- the last couple of quarters of colgate were punishky and i think it's possible this one deserves the surprise of the group. i bet something good happens yet, big menu, big plays, truly rapid fire week so heres the bottom line. the bias is to buy not sell but only if you can get the high quality stocks unchanged to lower. chasing after these big runs no effects. wait for --

lots of adaptations taking place. >> amazon with echo, i think, i don't think of ai reaching the consumer quite as much via microsoftzon and the echo we can scott galloway talking about thinking it's the most innovative product of the last couple of years. these things are doing tremendously well today, all of them their results are quantifiable, right? what is not quantifiable is what is coming when it comes to the regulatory headwind. google last quarter. they paid a $2.7 billion find to the european commission so when they hit they can hit hard. >> we haven't really mentioned the europeans but talking about our own capitol hill which is by the way where a lot of companies will be next wednesday. >> lost in all of this, apple up better than 3% today perhaps on those long lead times now on the iannone x some people were worried nobody would want to pie a $1,000 phone but apple telling us that demand is off the charts. which charts, i'm not sure. >> i read be worried that the lead time is only going to take two weeks and now we're up to what, six? >> next week is the phone. tax legislation, the social media companie

shares in amazon, microsoft, and out of hit records friday.h giants reported earnings that showed a strong revenue and profit growth of the shoppers and advertisers for businesses. the three will send representatives to capitol hill as to whether new laws are needed to regulate social media. facebook announced transparency rules for political ads. it will bring the social network's rules closer to what is required of traditional like television. what is your take on the new rules that facebook laid out? a importantnk it is step. until today, facebook has been cooperated -- do not -- denied, do not operate mode. this is an important step to accepting responsibility for what third parties do on the platform. at this point, facebook was saying they were not responsible and will not attempt to release it. yes, they will have to release it. it will never prevent a recurrence of 28, but it is so much better than where they were yesterday that i am really they are beginning to recognize and act upon the notion that we live in a democracy in the count

amazon, google, microsoft u extremely important earnings, what are you expecting? od things, stuart, if you look at the market's performance this year is due to big techs companies that you mentioned, specially the googles, amazons, apples. the first meal of the meal next week. this is indicater of how tech is going to perform in the quarter's earnings, given the fact that stock performance has been good this year, i'm expecting more of the same. if you have a chance before the end of the day, if you're looking to add to positions i would do so. stuart: you would do so. lizzie, you say big techs have been down a little bit. liz: last six of seven sessions. operating ordinary -- earnings . expectation is about 7. they are coming in sweep for the broader market. stuart: stocks are up this morning before we get the official -- liz: that is correct. stuart: two different forecasts for market. number one jpmorgan analyst david kelly says he expects a rough time ahead for investors, that's what he says. a new survey from the center for audit quality shows 85% of investors

amazon. you've got google. you've got microsoft you've got intel i mean, we've had big, big gains in these stocks this year and they're expecting a lot. so we'll see if that has a big influence. but i can tell you, you can -- you're not crazy if you see yourself in stocks down, if you get big misses here. and by the way, you don't even need an earnings miss to drop stocks we saw this yesterday. take a look at boeing, for example. boeing had a perfectly fine earnings report, but it was down and one of the problems is, boeing was up 65% on the year. and we had some issues in the market you get a day when the market perceives there's risks, and it takes everyone down, even when you get a respectable earnings report from a company like boeing what are the risks to the market well, day told us yesterday, very clearly, the market is concerned about a rapid spike in interest rates i don't care if it's whether a stronger economy or maybe an inflation issue or a hawkish fed. and it's also concerned about tax cut failure and big changes in d

twitter, amazon, microsoft, intel. just a few of the companies reporting.live streaming on twitter. check us out on bloomberg tech tv. that is all for now. this is bloomberg. ♪ announcer: from our studios in new york, this is charlie rose parade charlie: several republicans have began to speak out. today, jeff flake announced he will not run for reelection in 2018. in his appearance this morning, senator bob corker says the president was dividing the nation. i wasr corker: i guess hoping he would bring out the best in the nation. what presidents do is try to unify around common

amazon shares jumping on the news making jeff bezos $6 billion richer. google and microsoft