here is cfo ruth porat on the print.ake a listen. >> once again our results were driven by ongoing strength in mobile search in particular as well as youtube and cloud. our total revenues reflect an acceleration in reported and constant currency revenue growth across all regions compared with first quarter. >> melissa, the ceo was also on the call and gave metrics about cloud business he said google cloud reached an annual revenue run rate of over $8 billion, so lifting the curtain a bit. that's something investors want, more disclosures from google, and you are getting new metrics. google cloud has the new chief, t thomas curran. they are going to triple their salesforce over the next few years so gunning for amazon and microsoft's business as you mentioned at the top, i had a chance to catch up with ruth porat i asked her, listen, you are facing more regulatory scrutiny from doj, and some folks thinks, i asked her, you have a primary target on your back given your dominant position in search. so told me in response, li

>>er i did have the chance to catch up with cfo ruth porat we talked about the quarter and other issuesat, $14.21 versus the expectation of $11.30. talked about the operating performance, called out the strength in sites, that would include search and youtube, talked about the strong growth in the other segment, so that's cloud and play obviously we'll see on the call with more metrics on how the cloud business is performing we did talk as well about, listen, google like many other tech giants is clearly under this increasing regulatory scrutiny and i asked ruth porat how she feels about that scrutiny some analysts believe her company is a primary fartarget, just given their market share in search on that topic, ruth porat telling us they are already subject to oversight in a number of areas she semi-sized this is not new for the company, shoe taeld me, and that they have been engaged with regulators around the globe for quite some time. switching gears, we did also talk about huawei. that's interesting because its phones use that android operating system, but apparently, it's now huawe

agree that the last move was we don't know what is going on with the core business, but i think ruth porateam came out and sent a message that actually means it continues to outperform. >> they did a great job on the call no reason the stock shouldn't be back at prior highs in a relatively stable market. >> you can read about the big moves on our website, cnbc.com coming up, one trader cooked up a great way to get in on beyond meat for cheap, cheap meat we will break down the sizzling opportunity. plus, a $30 million prize pool up for grabs in the fortnite world cup right now in new york. one of our traders got to squad up, as they say, with one of the teams. i'm tyler matheson, live from the nasdaq market site overlooking new york city's mesqre"ft ne back after this quick break memory support brand.ed you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> and welcome back to "fast money" $30 million is what's on the line at the first-ever fortnite world cup underway at arthur ash stadium in queens, new york. our own tim seymour squadded up w

it was almost like ruth porat said, i hear you you don't want us to trash our stock anymore. >> he actuallyfriday morning -- >> did you >> because of your complaints about google's opacity in recent quarters. >> ruth porat clearly listened maybe she talked to anthony, her fabulous husband, and came back and said maybe cramer's right. no, that would be so maniacal, it's scary thank god my wife doesn't know what channel i'm on. i thought alphabet told a great story. and they really were granular about where the money's being made and youtube. that's the largest tv station in the world. finally they mentioned it. finally! that stock's not done going higher it's going to be a technical breakout soon. >> we had the reacceleration in google, the reacceleration in facebook today the "journal" comes out and says that the overlay of mutual fund and hedge fund ownership of the top 50 names, you see this piece -- >> yes, yes. >> they all own the same stocks. >> they do i'm with stephanie link today on "halftime. she loves talking about -- they're all closet indexers. and yet, we may them a fortune the

there is always one line ruth porat, i want them to make the quarter. they have great firepower.had a cloud initiative that was not strong and they let these guys get ahead of them it is a duopoly now. i had ginni rometty on with the fellow donovan from at&t and that was a very good conversation but literally, a few days later, the big cloud win was microsoft. and -- >> azure, we say cloud 39, azure 68 that's a crazy number on azure, even at the 68. >> incredible. you are talking -- not a lot of large numbers has caught up with them too not early days any longer. >> that's why -- >> google is trying to play catch up. >> these guys -- they float like a butterfly and they sting like a bee. and they are the go a-team now. >> does everybody get lifted by the enormous movement of -- >> i don't think they can. >> commercial opportunity to the cloud. >> i think that this -- it is not a share take there is tremendous growth and benioff and -- look, you get the same story if you went to ryan at adobe, you get the same story from andy jassy. just a wholesale change. talking about the numbe

alphabet, ruth porat under some criticism for just that lack of disclosure, whether it is youtube, whetheris -- that's the case to some extent, but relief today and don't forget a $25 billion addition to the buyback, which is also making investors feel better. >> deutsche this morning, we came away encouraged by the improved quality of disclosures after countless quarters of being dissatisfied by the magnitude of business insights this trend continues if cramer were here, he would say ruth came through. >> i think he tweeted last night it was a good conference call and pleased with the reports the cloud business is about quadruple what google has now. >> double that of microsoft. though, again, law of large numbers as well, but alphabet is growing much more quickly now in terms of a growth rate it would seem more quickly than amazon's amazon, you know, let's step back for a second to the broader stuff, the economy we heard from microsoft, it beat on revenue strong. facebook, alphabet, amazon, all of them having top line growth that was better than anticipated. and very strong despite this

quarterly revenues jumped 19% driven by strong search and youtube ad sales on the earnings call ruth porat says youtube's revenue was the second largest contributor last quarter they blamed youtube on decelerating growth the second derivative. glad i took calculus the board also approved a share buyback of up to $25 billion. sounds like a big number it's a huge market cap, so it really isn't google looking good today. $93. that's a move. >>> shares of starbucks are trading higher, too. the chain posting better-than-expected quarterly results and raising full-year guidance same-store sales rose by 6%. results were driven by strong demand for its new beverages in the u.s. and in china. all of those stories that you heard about the china blowback, not the case for sbtarbucks >> big news this morning this i think is a bigger impacted than what's happening in silicon valley. softbank launching a new 1$108 billion fund they will invest in companies developing artificial intelligence technologies. the list includes apple, in the first fund, microsoft, foxconn proceeds from the first vision fund w