jon fortt tells us the key takeaway from both amazon and microsoft's report. >> reporter: good day foreattle. amazon and microsoft both out with earnings that beat analysts' expectations on the top and bottom line. so one thing to look for in amazon's report is the guidance for the important holiday quarter. amazon at the high end guiding above analysts' expectations to $36 billion in revenue. we'll see where they actually come down. and then microsoft. strong quarter from them as well. beat on the pc line. though the expectations were low. the one thing to look at there is the growth in cloud. microsoft saying the cloud annualized run rate revenue was up 70% year over year to $8.2 billion, keeping pace with amazon. for "nightly business report" i'm jon fortt. >>> and the latest results from mcdonald's gave investors hope that the fast food chain is beginning to turn around. the company's u.s. sales rose for the first time in two years, and investors were loving it. sending shares up 8% to an all-time high. mary thompson has more now on mcdonald's tasty quarter. >> reporter: less than

let's bring in jon fortt as jon was an education report were in the silicon valley area.w into what this particular school will do for zuckerberg and for the vision that is they have, but also, you know reerks flekting on what many are calling the failure this have $100 million gift to newark. >> i think it goes too far to call that gift a failure if you track the performance of charter schools in new jersey in the newark area since then. in this particular gift and in this particular move that the zuckerbergs are doing, mark this day because it marks an important escalation in silicon valley techs attention to education and their willingness to get hands on with it. a few details here. east palo alto is right next to palo alto which is a very well to do community, steve jobs of course lived there, many other tech luminaries lived there, but east palo alto and menlo park are pretty i'm proven i wished, heavily latino and black populations there that are socioeconomic clee disadvantaged. this move is interesting because around three, four years ago a friend of mine who tea

jon fortt, what do we expect? >> this isn't the huge quarter, of course. the holiday is.e're going to get some hints toward that during this quarter. so setting that up, with e want see is amazon's base loyal. we had prime day, did it do well? also we'll be looking for amazon web services. amazon has begun breaking that unit out. analysts want to see a growth rate probably topping 70%. it was above 80% last quarter year-over-year and then holiday. how bullish is the guy going to be? amazon said their seasonal hiring will be up 25% year-over-year. they just expanded their same-day delivery in the new york area, chicago area, and bay area. there's a lot of spending there. >> and finally google's holding company alphabet reports earnings for the first time since it's formation. josh lipton, what can we expect? >> analysts looking for $17.21 on revenue of $18.5 billion. beyond the bottom and top three key metrics. one cost per click, what advertisers pay google when users click on an ad. expect to see cpcs decline 9% year-over-year. says investors want to see alphabet narrow