he also said investors can expect continue knew di because jeff besos will still be involved remember besos is amazon's largest shareholder, so he's not exactly retiring here. the timing of the announcement may come as a surprise, but certainly not the man who is tapped to take over. andy jassy has been at the company almost as long as besos. he pioneered before google and microsoft even got started in a memo to employees besos writes that jassy will be an outstanding leader and he has my full confidence. as for earnings, which was certainly overshadowed by that announcement they were very strong indeed interestingly, though, jassy, the cloud chief, he will be taking over as aws growth is decelerating and as retail sale are growing at a quicker pace than awf back to you. >> the stock is up 1% riling now. guy adamy, it's interesting to see what the reaction is people are saying this is going to be the smoothest transition you've ever seen is this the biggest news story with the least of impact we've seen in a long time >> it's a huge story, i think five years ago it would have been dif

amazon posted strong results but then announced that jeff besos will step away from his role as ceo.ur take at this point? >> right so the breakout for earnings, for a resolution of the standoff by month sideways has been deferred, not cancel which is to say, the operating business, the premise for the breakout in hand and delivered, and yet, of course, when the founder of enterprise such as this steps down, people rethink it, at least on a short-term basis, so stay long and roll your call. mike will have a play for you. >> mike, what is it? >> yeah. so it's interesting. i mean, this was looking great right after earnings, and then, of course, jeff lowered the boom on us. what's interesting, of course, with this trade is that because of the decay and the near dated options and the fact that the stock has held up really ell we actually could stay long on those longer dated calls and turn this into what we call a super calendar it's a situation where we cover the short calls that essentially decay to nothing then we sell another set another month out. we've got less capital allocated t

jeff besos will become the chairman andy jassy will become the ceo in q3. alphabet stock up.lines. price target of 2150 first of all, your reaction to the amazon leadership change news >> i think it's not a shocker. he ran the business to one of the biggest software business on the planet they're using it to underpin their back end this is the bulk of the profitability for amazon it lets them experiment in the other segments of the business that are less profitable like retail so we think ultimately this is a great move i don't think that really much is going to change obviously, if you're a software individual, which i am, we're excited, because this is the recurrent visibility that calm me -- we think this will firmly establish that they're going to spend aggressively against microsoft and google he's an incredible leader and what'd they've built in aws is hard to kpre hence given what they did in the face of all these other tech giants that were chasing them that were really software dna. >> what did you make of alphabet numbers? >> phenomenal. best top line in two and a h