So here we are at the end of a long week here. It was a very long week. So you were of course i was in switzerland. I was covering xi jinping but lets talk about the markets since we are hooking at a big rally yesterday with the Dow Jones Industrial up 29 points. The implied open is telling us the s p 500 is up 9 points. Dow jones is higher by 30 and the nasdaq called up by 80 points. Lets talk earnings and so many of them and big names coming out after the bell. That includes amazon. Amazon. Com surprising investors with an earnings beat thanks to stronger sales when it comes to the Cloud Services unit. The stock was up some 12 in after hours beating its all time high from late july. We take a closer look at the numbers. Amazon turned in Earnings Results that really blew past analyst expectations sending the stock up after hours. They turned in revenue of 25. 4 billion. Thats better than 24. 9 billion expected and wall street was looking for a loss of 13 cents. Got a profit of about 17 cents. The guide was also relatively strong. Amazon tends to be a bit conservative on its Guidance Range guided to q4. Thats the Holiday Quarter revenue above the 35. 1 billion that the street was looking for. At least at the high end. 36. 75 at the high end of amazons guide. Operating income was also at the high end of their guide. A little better than what analysts were looking for. That was enough to send the stock higher when combined with the fact that the cloud piz, a major Growth Business we found out last care and treatment was more profitable than a lot of people expected. That also experienced strong growth. Analysts were looking for that to clock in just under 2 billion in the quarter. It was over 2 beside clocking in at 2. 1 billion. Management said to be careful about assuming that the exact same clip would continue in that Cloud Business saying the progress would be lumpy but they expect the growth generally to continue. Also highlighting areas in india and china where theyre experiencing strong growth and saying that Third Party Sellers on their platform now constitute 46 of overall sales and its growing because of prime and fulfillment by amazon. They actually take the Third Party Products into their own warehouses and delivers them. Costs are higher as amazon continues to invest in that delivery infrastructure but growth is high too so investors dont seem to mind. Now the letter b, its for buy backs and beats. Alphabet beat earnings projections and announced a 5. 1 beside buy back. The first time google has returned cash to shareholders in its 11 year history as a public company. Clash a shares surged more than 9 in after hours to an new all time high. This was the first time alphabet reported results since its announcement in august revealing this new Corporate Structure and this was one for the bulls. The stock shooting higher in the after hours. That as the Company Reported q3 eps of 735 on revenue of 18. 7 billion and that was a beat on the bottom and the top drilling down cost per click or what advertisers pay the company did drop 11 but paid clicks or overall clicks climbed 23 and that was way more than analysts predicted. The big news wasnt what they had to say about the bottom or the top. It was capital return. They plan to buy back 5. 1 billion in class c stock and q4. Remember when the new cfo came to her role at the company the street applauded in part because it was thought she would put in place a new Capital Return Program and now they have it and turning ahead in q4 saying that the company will break out revenue and profitability of google separately from the companies moon shots or big other ambitious projects and that should give analysts and investors more clarity into the business as something bulls have been clamoring for. We saw a couple of upgrades coming for alphabet. Jeffreyss raising the price target to 900 from 800. Jp morgan raising the price target to 900. Nomura also raising the price target and so was rbc. Surprising Share Buy Back but this is also Financial Engineering to make earnings per share look bigger on the Balance Sheet when they report in their next report card but alphabet, yeah, the knock on them was can they monetize on mobile . Can they boost up mobile search revenue and can they cut down on costs . So theyre doing pretty well. Lets talk about softy and microsoft shares are popping after the tech company soared past projections with adjusted earnings because you have to look at adjusted here. 67 cents a share on 21. 6 billion in revenue. The companies cloud unit is seeing an 8 gains in sales last quarter compared to the same period last year. However they announced more job cuts. A thousand of them in addition to 6700 already announced in late july. Shares were up some 8 in after hours trade and were talking about a 15 year high there for new york trade when they open up at these levels. Meantime in frankfurt yeah thats where microsoft also trades looking at gains pretty much in line with the rally that we saw in after hours in the u. S. And, you know, its interesting what theyre doing because theyre also going to the cloud as well since they made their Office Software now free for download. So how they get recurring revenue is they get to their they basically boost their Cloud Services. Apparently theyre running revenue at an annual rate of 8. 2 billion and then they want to target 20 billion in the future. Apparently they are on track to do just that. It seems like the new strategy is really paying off and investors in microsoft, they have to be paced for such a long time. Who would have thought this big strategy shift pays off now that the focus is on software and Cloud Services but dont forget hardware because the real big test some analysts say is still going to be the launch of the new lum i cania phones and the e pro. We see that windows 10 is having a little bit of a positive impact but windows sales to computers makers still fell 6 but the slow down, that has been improving a little bit. The interconnected world in the systems microsoft is trying to build. I also want to touch on amazon since we do have analyst upgrades as well for amazon shares. They keep knocking the fact that amazon is basically, its a spender. They dont produce profit. You know, guys, weve seen profit from amazon 9 out of the last 15 quarters since 2012. So again another profit somehow. 79 million worth in those three months. We have jp morgan, evercore raising price targets on amazon shares and tech doing pretty well but i think its also reduced expectations and, you know, the analyst expectations and forecasts for earnings because were looking and forecasting to 5 for eps. We did that last quarter as well. Are we setting the bar too low i think sometimes for these corporate report cards. We always do. Every single quarter it seems. Shouldnt really be a surprise. Were going to continue with this earnings roll out because a lot also reporting including one of the Worlds Largest shipping lines. Maersk is at sea after a downgrade to its forecast. Were joined with a first on cnbc after this. Good friday morning. U. S. Futures are pointing higher as the big three look to post hair fourth week of gains. Amazon and alphabet hitting all time highs after stellar Third Quarter results and paul ryan officially enters the race for House Speaker. Quick check of european markets and theyre still in rally mode. This is the draghi rally which started yesterday. Up by 2 yesterday as mr. Draghi hinted at more stimulus as early as december. The stoxx 600 jumped by 2 and xetra dax this morning tacking on 1. 3 . Lots of Corporate News out. Ericson missed on operating profit and sales as brazil and russia hamper growth. Operating profit came in at 604 million below expectations for 639 million with india and Southeast Asia the bright spots. Its mobile broadband business in the u. S. Remains stable but did grow slower than the year prior. The company saw a slow down in 4g deployment in Mainland China and later on the show, be a little more patient well be speaking to the ceo of ericsson at 5 30 eastern and that will be a first on cnbc. Shares of maersk trading lower after it downgraded by more than half a billion dollars. The shipping and oil group says Market Conditions were weaker than expected and also neals anderson is the ceo of mollermaersk. Thank you for joining us on the program today. I want to talk to you about Global Conditions right now. You guided for 4 billion in revenue. Youre still pricing at 3 to 4 billion for 2015. But youre talking about Global Conditions. Global head winds. Can you geographically point to where the biggest concerns are coming from . Yeah. The Profit Guidance is down by 600 million which correspondents more or less to hundreds and the bid for container transported so its a big sum but in relation to turnovers not huge. But the thing is that we see very weak development in the trade between asia and europe and because theres a lot of capacity coming into that trade weve seen pressure on rates. What effects us is more the rates than the volume but that trade looks particularly weak. But in general redont see great, great positive news on the trading front. Most trading areas are very quite and possibly also our expectation for, you can say up or downgrades from the International Institutions on growth expectations from the year is probably more to the down side than through the upside. Its probably your most important, i would say, important trading lane. What does that say about the slow down in china . Maybe its worse than expected . Yeah. I think what is happening in this trade, we need to analyze it further but what we think is happening is that it has depreciated a lot versus the euro. So we have seen first a reduction in stocks and then a disappointing peak season trade from asia to europe and currency and competitiveness is surely playing a role but we need to understand the underlying conditions better. So how quickly do you think, can you adapt your capacity to the new environment that youre seeing . How much of a lag can we expect to see here . We already have taken initiatives here in october so we have caught capacity. So our capacity is more or less in line with what we need. And what we now hope for is of course that the rates will go up and thats all we can say. Its not unusual that you have these ups and downs in hshippin and we still make 1. 6 million this year so the company is doing well but we would like the rates to pick up a bit. Also want to talk to you about oil prices. Obviously your business benefitted from that but on the other hand you also have sizable production. Now you have said to my colleague louisa not too long agatha youre not looking at reigning in activity there. At what point would you reconsider that . Well, i think now the oil price is very low. Of course we dont know whether it will stay low or whether it will go up but actually for us, looking to grow our oil price it gives us some topportunities to buy into fields and what were also doing, new large projects at lower costs so its an irritant in the shortterm but also brings some benefits but the combination of low oil and very, very low rates is of course putting some pressure on us. But having said all of that, we still deliver 3 3. 4 billion profits in a year like that and thats a good result. Thank you for your time. Really appreciate it. Still to come on the program, a is for alphabet. B is for beat. Find out how googles new Parent Company is impressing investors in the market. That comes your way, next. vo what does the world run on . It runs on optimism. Its what sparks ideas. Moves the world forward. Invest with those who see the world as unstoppable. Who have the curiosity to look beyond the expected and the conviction to be in it for the long term. Oppenheimerfunds believes thats the right way to invest. In this big, bold, beautiful world. Marathon testimony for Hillary Clinton on capitol hill yesterday. Successfully surviving the 11 hour congressional hearing on her handling of the 2011 benghazi attack during her time as u. S. Secretary of state. Clinton calmly denying that she ignored requests to close a u. S. Diplomatic mission in libya. I was the boss of ambassadors in 270 countries. I was the boss of ambassadors in places like afghanistan where shortly before i visited one time the embassy had been under brutal assault by the taliban for hours. I am very well aware of the dangers faced by our diplomats and development professionals. There was never a recommendation from Chris Stevens or anyone else to close benghazi. Okay. Lets get straight to washington d. C. Nbc news tracie potts joins us. An 11 hour congressional grilling and some are still calling this a political witch hunt. Well, democrats say that it was really just a big show by republicans because she has been here before and answered all of these questions before. There had been 8 other investigations but this special committee set up to deal with benghazi had not had their chance to question Hillary Clinton and now they have all day and late into the night. You heard her there talking about the danger. They spent quite a bit of time talking about the fact that the diplomats and other people working there knew it was a dangerous situation. They were going in to get information. They knew there was not military installations close by. The cia was and two of their people among those killed but they knew this was a dangerous situation and well aware of that. A lot of the questioning centered around why security requests from benghazi went unheated including from ambassador Chris Stevens. Hundreds of them in the month leading up to this attack. This was about protecting the lead. She has it after winning the democratic debate and joe biden dropping out of the race but another story emerging this morning is paul ryan finally officially entering the race for House Speaker. Exactly. Despite the fact that one of his demands wasnt quite met. He wanted the endorsement of the three larges caucuses within the republican party. He got two of them. The other he got 70 just shy of the 80 but they did have what they called a super majority to support him. This is the very conservative Freedom Caucus going for another candidate. 70 versus 80 . He decided to go with that. So he has decided to go ahead and formally throw his hat in the ring as House Speaker as a consensus candidate from all of these republicans that are on different pages and were expecting the internal vote and the full house vote to happen. Thank you so much. B stands for buy back beating earnings projections and announcing a buy back. This is the first time google has returned cash to shareholders in its 11 year hisself r history as a public company. Lets talk about all the earnings. Joining us from the big apple, new york, principle analyst at forester research. Great to have you. Lets start with alphabet since it was a surprise that they returned 5 billion but also a bit of Financial Engineering because it benefits them too when you have less dilutionary shares and makes it look bigger. Well, certainly, thats the key story with alphabet is the buy back. Revenues were strong but what was still obscure is what theyre doing from a Cloud Business. That is a small part of their business but of course cloud is in many ways the big story coming out of the earnings with microsoft and alphabet and with amazon all emphasizing cloud. But google not really emphasizing that much. So the buy back was the big story. Also, monetizing off mobile clicks was a knock on alphabet and also cutting on costs and some say thank you to the cfo because shares have been up some 25 since late july. She has been doing a good job when it comes to keeping the Balance Sheet in check. Thats definitely been a good move for alphabet. It certainly has created a lot of credibility for them on the street and i think that the spin off of their businesses would help give more clarity. Business right now has a lot of obscurity as to where the revenues are coming from. But the theme for both amazon and alphabet andrew is the fact that theyre Growth Companies on the one hand side given that were seeing huge growth specifically in cloud and that pertains to amazon. Now on the other hand theyre Value Companies as we discussed returning so much in capital. Can they actually be both . Good question. For Companies Like amazon theres no question that they have been a Growth Company and not an earnings company. The interesting thing about the Amazon Web Services though is that it actually is a profit center. It generated more than half of their operating income this quarter. Very profitable business and i think its important to note that thats why they split it out. The other part of the business still is going very well but not nearly as well as the aws and not nearly as profitably. So for amazon theyre emphasizing this aws visit because of both profitable and high growth. Thank you so much. You have a good weekend okay. Vice president and principle analyst at forrester research. Well stay with the technology theme. Still to come on the program, slow Network Growth hurting e c ericssons earnings when we speak