in one of these two quarters >> what about efficiency are we done hearing about efficiency from andy jassy >> i think you'll hear from jassy a tone that's similar. the three big names i have looked at, google was wishy-washy, i think, when they shouldn't have been on expense management though google is a rising margin story this year. meta i think just stamped that point home last wright, the year of efficiency has tender to year of -- because you had such a natural setup last year. they just had the kitchen sink in terms of cost inflation thrown at that model last year as the growth recovers and they find ought these efficiencies, i think you'll get back to not just peak margins, but good operating margins. the path will be that we'll see that in the next 3, 6, 9 months. >> going how thrown have been by the sell out? alphabet >> that was a real surprise. i get the disappointment i can see that decel coming. i think it's because google cloud is more of a secondary cloud provider i think the on optimization, i think that started earlier than google i think google is a delay, mash a two quar

. >>> ad sales surge at amazon sales nearly triple sending shares 5% higher after hours andy jassy saide is excited about the deals ahead. >> the company that moves slowly in an uncertain economy in 2023. we are seeing the pace of deals pick up in the strong last couple months and new deal signings >>> happy friday julianna and myself are happy to see you all. let's get to the markets and what is interesting about what is going on today is although at the surface, are yoyou are seeia lot of green ftse 100 is trading in the green on the last trading day of the week dax is marginal as well. there is a lot happening beneath the surface. large, large movers today. let's get straight to that we are going to start taking a look at nat west nat west at the bottom of the stoxx 600. not the stoxx 600. right at the bottom of the ftse 100. down 11% today the bank has downgraded the full-year margin after it met the third quarter pre-tax profit reporting 1.3 billion pounds the earnings were overshadowed by review into the de-banking scandal. this is in reference to the closure of the account the fi

caroline: consumer looking more resilient, what was it that andy jassy got across that stirred nerves around aws and cloud in particular? poonam: for aws, the important thing was his tone. the fact he said the deal was good and things were not slowing further. it is like the trend is continuing to stabilize. it is encouraging and in contrast from what we heard from other cloud providers earlier. that really took the stock up during the call. i think that is what you are seeing. the confidence in the cloud business near-term. and for the longer-term, we remain optimistic on the cloud business. both on the margin side and the top line. ed: poonam, thank you very much. news crossing the bloomberg terminal i have broken with colleagues around the world in the last few minutes. aesc, a japanese battery maker, has just closed $1 billion series b led by gic, singapore's wealth fund. what i'm hearing from sources is they are also working on a series c with bankers and advisers that would value them in the billions of dollars. this is a battery company that makes cells that goes into evey's. i

andy jassy is focused on efficiency and cost-cutting, and aws, amazon's cloud unit, has accounted forrity of the companies operating profit for a long time now. it came in $100.5 billion ahead, or more than the street was exciting. it is more of a cash cow than we expected, and the story that andy jassy told was, guys, this generative ai stuff is great, we are signing new customers, we are going to grow. it's great. guy: microsoft, alphabet, amazon -- put it all together, what is the message? d: i asked the cio of alphabet, did you add a new customers in the field of generative ai? she didn't answer the question. she talked about a backlog of demand across all ai product. they didn't excel the same story to the market. market couldn't see in their financials are there customers coming to an saying we need your cloud computing. microsoft had it in the numbers for azure growth overall. but they make money selling suffer as well. those are the principal differences. alix: let's move also to some headlines that you just reported recently and that has to do with x and what is happened with

ceo andy jassy saying surprise from the generative a.i. business. >>> inflation seems to be cooling. the pace of inflation came in a 3.7% for the month of september. we're keeping an eye on the auto industry, mean white the uaw reportedly delivering a new offer to gm. amazon is up nicely after reporting quarterly results. ceo andy jassy saying he's been surprised by the company's growth in a.i. >> you look at the very substantial, gigantic, new generative a.i. opportunity, which i believe will be tens of billions of revenue for aws in the next several years, i think we have a unique and brought approach that's really resonating with customers. you can see it, you know, with the customers i mentioned that are using us, starting with the workloads for generative a.i i can see it also, the growth rate for us is very fast >> of course, if they can get ahold of the chips they need, give me your take on the quarter. >> okay. so you go through what went wrong with alphabet which was disorganized, incoherent. >> you've been a bit more critical of

growth of aws cloud unit revenue growth has been decelerating for over a year investors hoping andy jassyally bottomed. it has given mixed signals the cloud business is getting a boost from a.i. tools and google disappointed as customers reviewed spending. back to you. >> what do you expect, guy, after the close? >> it comes down to do they want to turn the knob up with margins? aws is something everybody looks at here. when they decide they want to show strength in margins, the stock goes higher and if they decide they want to spend in march, the spend goes down if we put up a longer chart, frank, it was november or december of 2021 when the stock indicated with the all-time high at 190 the recent low in january of of $81 that is a textbook 50% retrenchment of the move i don't know i think it is a pair with twos you will see a similar move. >> guy, it is great to see you >> thanks for having me, frank >>> we turn to the breaking news with the uaw with a tentative deal this comes as ford gets ready to report results phil lebeau is back with the latest phil >> reporter: we will get results

amazon is a really great story has andy jassy finally gotten his sea legs the idiosyncrasy building up, apple is probably going to be like a facebook or a google versus an amazon or a microsoft. i think we're going to see dispersion of returns within these names. until bonds settle down, i think we all have to buckle up and know volatility will remain high >> you, weiss, bought apple puts are you concerned about what will be delivered next week? >> i am. i don't know how much of an impact of the 15 launch will be. a lot of it happened after the quarter. i just can't imagine the commentary will be good with what's happening in china. we're seeing huawei pick up share, and the government came out and said, you know, to the government entities, don't buy apple phones and we're seeing them shift through supply chain to india. there's a reason they're doing that >> tim cook himself was over in china himself we're told recently >> just a couple weeks ago if not last week. it's troubling plus it's overvalued, and they have not shown over the last few years the growth we're seeing, also, the g

amazon profits tripled to nearly $10 billion on the strong sales of cloud and advertising and retail andy jassy offering a bullish outlook on generative a.i. opportunities and aws cloud business for the quarter amazon reported a 13% rise in sales to $143 billion. profit came in at $9.9 billion ahead of the street estimate with shares up 5.5%. >>> despite the tech bounce this morning, the month is shaping up to be another tough one for investors. indices down between 2% and 5% dow and s&p and nasdaq on pace for three straight months of losses let's bring in senior equity strategist at federated hermes linda, great to have you here. >> good morning. >> we were laying out the three-month slide for the markets. according to your research, we should pay attention to the three months ahead i believe you are including october, but you say this is when we see a big rebound. >> thank you for having me on this morning november is the best month of the year, historically, and moving into the end of the year, we feel positively inclined to the market we feel the s&p could reach 4,600 by the year. we think

and andy jassy at amazon, sunder pichai, the leadership of those companies have unequivocally supported israel and the system here, two to $3 trillion more of support in what is going on here, the life-size of the industry in cyberspace industry. part of what enables our conversation now and for the viewers at home from the moment they woke up until now it would have probably used an israeli technology so we continue to perform, we continue to develop and part of that is how do we manage the emergency situation in israel and out of empathy for the workforce, to the broader community, but how do we remain committed to solving the greatest challenges, even when we are under war and under attack of thousands of rockets. this insidious attack, ices class from last saturday. that is what we are committed to do. ed: founder and ceo of healthy i/o and the former -- nvidia had been due to hold its ai summit in tel aviv sunday and monday but it was canceled given the events of the week. coming up on "bloomberg technology," we turn to m&a as the biggest deal in gaming history has finally come to

last night andy jassy, the ceo, did put to rest some of the biggest concerns about its cloud businessrowth at 12% it was flat year over year so, analysts in the street are hopeful that's going to be on the upswing once again however, i would point to its revenue guidance that came in about $3 million light in the midrange of that guidance. that may raise some questions about the quarter ahead. this is supposed to be amazon's blockbuster quarter with lots of holiday shopping events. including its own prime day, which we just had. that is the opportunity to really tell the street whether it continues to sort of maintain the market share it has or if there's more competitive forces. that's going to be something to look at. i will say, though, that profitability has been great at the company. we haven't seen an amazon that has seen this kind of operating income in a long time. aws margins were up some 600 basis points in the quarter, above 30%. you've also got some of its newer businesses like advertising. that grew 25% on the top line and third-party sellers, this is higher margin busine

the street tonight wants to see that that slump has bottomed if andy jassy and his team cannot confidently upswing, amazon could be another mega cap drag on the market with that outsized effect. amazon will need to guide for a strong holiday quarter ahead and that rests largely on its e-commerce business. no shortage of shopping holidays, no matter how many prime days we've got. >> it's a week where, you know, the slowdown in google cloud but the resilience of azure, kind of held this debate about why only raining on one side of the street as cramer likes to say, i wonder if aws breaks that tie. >> mixed signals here it's important to keep in mind that microsoft's cloud unit is still a lot bigger than that of google and it's more tied into its core proposition to serve enterprises. in that sense microsoft is probably a better indicator for an amazon because amazon is building off of its ai products into the cloud, so what i'm hearing as well is that he with need to return to that double-digit growth. if aws growth is 13% that's great news for the market. if it dips below 12% that is going

did it enter the extended trading session higher question mark in terms of aws, again, andy jassy talkingng to help boost excitement for what they can offer on the cloud, says that can actually offer tens of billions more in revenue in the years going forward. so, very optimistic on the ai front. you can't have an analyst call without a lot of talk about ai. amazon shares performed strongly a year today, clearly getting a shot in the arm with this. it's expected that the gains will translate into the early friday trading in the u.s. vonnie: intel's shares took a jump on their forecast. su: is the turnaround story that all investors are waiting to hear. they believe they will be returning to sales profit and sales growth, i should say that has a lot to do, they say, with the rebound in pc sales. a lot more competitive product offerings. shares were better than 7.5% in extended trading. results show more evidence of the ceos turnaround efforts. the company has said the pc computer market, which is the biggest business in terms of the units they ship, they say it's through the worst of a his

oil and gas wants to go down, so, yes, you're reacting to mark zuckerberg and reacting to andy jassy who are just -- to jensen huang. there, i'm talking about meta, amazon, and nvidia. and these are the companies that move things higher. anything that's in the sights of glp 1, even by the most fanciful, and this is wegovy and maunjaro. that's the thread. i think there's a piece today talking about res med and how it made -- sleep apnea may not be that bad. the problem with all these is that, look, let's say diabetes. it's absolutely true that if you have diabetes, you're going to take the libra -- the monitor from abbott, but if you're prediabetes and overweight, maybe you get your weight down and don't get diabetes. it's the populace that might not need any of the drugs or devices, and it is the, i would say, the people who, in the future, have drugs that they take, and they never talk about this, but they really should. there are a lot of drugs, 15 million people between 5 and 15, take drugs that put on weight. they usually don't take it because they put on so much weight, and they

what does that mean for the nii tailwinds they've been andy jassy -- enjoying much longer than the street> bank of america are notable they declined what many others have. 19% for the year in part. we sawit with the decline in the stock with a long fairly long dated bond portfolio when rates were 4.8 on the 10-year or more. any expectation in terms of what it's going to show or whether they discussed it? obviously, these are embedded losses that will probably never be realized. >> probably never be realized because it's such a large bank and very well capitalized bank and people don't expect there to be a run on deposits like in the regional banks earlier this year. that said it's having an impact on the stock. it raises overall concerns. i expect them to bring it up, especially on the earnings call. it will be something that is discussed and disclosed. but in terms of just an overarching, you know, systemic issue with the stock, it's not -- that's not necessarily something that we're going to see there. it is absolutely a concern among, you know, the street, investors, as well as analyst