emily: john rainey with caroline hyde earlier on bloomberg markets.mazon's second-quarter results, the company missed estimates on revenue and the revenue forecast. growth on web services are strong and they beat on earnings. amazon is keeping a lid on expenses while investing heavily on devices and new businesses, like selling groceries and prescription drugs. take a listen. had what i achieve needed to continue strength in our most profitable areas. 49% fx neutral growth. advertising also had strong growth. elsewhere, we saw probably better than expected efficiencies in operations. emily: that does it for this edition of bloomberg technology. on friday, we will break down twitter's results. can the company meet high expectations after turning around its performance this year? we will discuss. this is bloomberg. ♪ phones have made our lives effortless. streaming must see tv has never been easier. paying for things is a breeze. and getting into new places is even simpler. with xfinity mobile, saving money is effortless too. it's the only network that

subjected need to do ritual and abuse me i was not even eighteen but when we arrived needle this man rainey declared i was nettled and his wife after escaping from my father's friend he began abusing me days of terror when i did nothing but think how to survive. according to save the children in italy almost two thousand girls have been sexually abused hundred sixty of them were children others either pretended to be adults or just recently turned eighty two political analysts were office told us europe's incapable of solving the other another problem of the own going migration crisis i think in such a chaotic situation. when you have to handle many incoming refugees it's hard to determine. actually what is the present age what is the real age of the migrant the whole migrant system and the way how the authorities take care of those vulnerable migrants all girls. under age of eighteen is very alarming. really for that macro interest to come to europe is whole situation shows that the migration to europe is a human tragedy policymakers in the european union and the national states they are l

we are joined now to get the inside track by john rainey. -- thepal ceo of hope paypal cfo.ave the share buyback with the second quarter beat? had a goodought we quarter and gave good guidance for the year. growth.ded 23% revenue to your point, we also announced the share buyback. for the back half of the year, we increase revenue guidance i $100 million. showing the momentum of the business and we are pleased with the progress we're making. quarter as a nation of that is misaligned with what wall street expects and perhaps that is why you are seeing what you see with stop us. you concerned by wall street in general? it is a record-breaking day in terms of the moves we see on facebook. have seed in your share price up 80% last year and up in 2018, doesn't make it harder and harder to live up to these expert haitians? john: i can't predict what wall street is going to do but i can focus on what we do at paypal which is growing digital payments. we are growing at a rate that is 30% year on year. and you are seeing interest in digital payments because of the way that people are

the ceo of john rainey joins us at 3:30 p.m. u.k. when you don't want to miss, considering the facebook announcement out of the united states. this is bloomberg. ♪ ♪ matt: welcome back to the open. let's get straight over to our reporter for some earnings reactions. >> a record high in the session. second quarter profit doubling. streamlining its global management structure after the world cup hurt second-quarter profits. shell falling after profits fell short due to adjusted net income. matt? matt: thanks very much. we will squeeze in all the earnings. we will come back with more market news after a quick break. this is bloomberg. ♪ ♪ facebook shares plunged as much as 24% in the after hours. the u.s. market could see $150 billion wiped from the company's market cap. trump and the president of the european union agreed to suspend new tariffs, maybe even getting rid of new subsidies. the latesti delivers policy decisions from the ecb, six years since the whatever it takes speech. good morning. welcome to the european open. i am matt