was michael purves. coming up, we dive into tech earnings.lphabet shares wiped out gains after operating profits missed estimates. we break down the numbers next. and if you like bloomberg news, check us out on the radio. this is bloomberg. ♪ taylor: earnings from alphabet continued monday, suggesting the google advertising business struggling to maintain growth. broke down the numbers with mark spurgeon. ever was like, best call because they made monumental disclosures. we saw a lot from the cfo about the cloud business and the optimism there. said this wasy cloud storage, which competes with aws. we saw enthusiasm from youtube about the potential market youtube has an digital advertising, as well as new ways to make monetization. because some of the ad numbers fell below estimates out there. carol: we got comments the ceo on youtube's growth. >> you may have seen our post about work to remove misleading information about the upcoming election. policies toing our reduce misleading information about voting locations or censuses. we are please

taylor: that was michael purves. coming up, we dive into tech earnings.lphabet shares wiped out gains since july after the company's operating profits missed estimates. we break down the numbers next. and if you like bloomberg news, check us out on the radio. you can listen on the bloomberg app, bloomberg.com, or in the u.s. on bloomberg xm. this is bloomberg. ♪ taylor: earnings from alphabet continued monday, suggesting the -- revenue from the key holiday quarter missed key wall street estimates. suggesting the google advertising business struggling to maintain growth. we broke down the numbers with mark bergen. >> from goldman sachs they were like best call ever because they are monumental disclosures for the company. we saw a lot from the cfo about the cloud business and the optimism there. last year, they said this was largely cloud storage, which competes with aws. has been their biggest growth. you saw little enthusiasm for youtube but they talked about the potential market youtube has in digital advertising, as well as new ways to make monetization

that was michael purves.oming up we dive into the tech earnings, aspect shares wiped out their best gains from july after the company operating profits missed wall street estimates. we break down the numbers next. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg gap, bloomberg.com and on sirius xm. this is bloomberg. ♪ >> tech earnings continued this week with alphabet kicking off the auction on monday. revenue from the key holiday quarter missed wall street estimates, suggesting the company's advertising business is struggling to maintain growth in the face of rising competition. we broke down the numbers with bloomberg technology's mark bergen. someone was like it the best call ever and these are monumental disclosures justify their opening up with transparency. cfowe saw a lot from the and the ceo about cloud business in the optimism there and it grew 50%, last year they said this is largely the cloud storage with can sleep -- competes with aws. you saw a little enthus

joining us from new york to discuss all of this is michael purves. nt your take on what it will take to pull this market back? you have the iran scares, the coronavirus and we are seeing a resilient rally. michael: there's no question, the underlying trend in momentum for risk assets has been very strong. just to put context on it, it was only a few months ago in september when we have the bond market signaling a recession that was coming in 2020. even though the bond market has clearly been supported, this concept of a recession narrative both domestically and further economic contraction overseas is fading there. you can check a lot of risk on boxes right now for sure. been there and liquidity is strong as many people have commented on. wanting to -- the resilience of this rallyer very. ownsr: michael, if anyone -- owns -- owes volatility analysis, it is you. what do you? michael: it is funny, i think the vix curve is really flat. strongnot -- given how the lift higher today was in equity levels, you might have expected to see a bigger contraction a