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Thirdquarter Profit Guidance also a miss. Up in smoke. Jules defense of its marketing policy goes proof. The company is grilled by lawmakers in washington who say more teens are getting hooked. First to our top story, a tale of two earnings as amazon and alphabet report secondquarter results. Shares of the Parent Company jumping while amazon is heading in a different direction. Alphabet reported revenue that beat the highest estimates, calling concerns of slowing growth at the heart of the largest digital ad company. Sales in the cloud unit grew by 37 , but not enough to top estimates. Joining us to discuss you cover alphabet and amazon, so what is happening here . Alphabet was such a bad q1, that it was easy to step back from the disaster they had. They put a great number up. An additional 25 billion. This is one of the cheapest largecap tech names we cover. It was the wors ....
That have a market underwhelmed if not disappointed. Mario draghi made it clear there is no unanimity on these positions. We are going into the summer break in the next meeting is scheduled for september. They willear whether have time to come to an agreement. These are technical issues. , the ecb iss to qe already running up against limits of what it can buy and how much of it. Ghen you look at the tierin system, this is incredibly technical. It is difficult to see how from now until september they come up with a package so they will be ready to announce when that meeting takes place. Guy thank you so much for joining us. From frankfurt, that is maria tadeo. Now lets go to michelle in new york. We no longer have the same governor in puerto rico. Michelle he resigned late night at midnight. As scheduled, it would be the secretary of justice that would take over as governor. Beellos last day will august 2. David what does this mean . Goingis a huge proceeding on to try to sort out the p ....
Thirdquarter Profit Guidance also a miss. Up in smoke. Jules defense of its marketing policy goes proof. The company is grilled by lawmakers in washington who say more teens are getting hooked. First to our top story, a tale of two earnings as amazon and alphabet report secondquarter results. Shares of the Parent Company jumping while amazon is heading in a different direction. Alphabet reported revenue that beat the highest estimates, calling concerns of slowing growth at the heart of the largest digital ad company. Grew by the cloud unit 37 , but not enough to top estimates. Discuss to you cover alphabet and amazon, so what is happening here . Bad q1,bet was such a that it was easy to step back from the disaster they had. They put a great number up. 25 billion. L this is one of the cheapest largecap tech names we cover. It was the worst sentiment going cover. Ny techmeme w ....
Joining us is josh brown. I think this is so important, we have this continued strength in the big indices and faang is not leading. This is the thing that everyone has always said. Its a very narrow market, only a handful of stocks. That is not whats get on this year yes, theres been huge performance in some of the faang names. A lot of that was recovery, but you have a broadened rally, something weve been looking for for a long time, and you have great rotation you still can get new highs out of the indices one thing i think is indicative of that, boeing down 2. 7 , give or take, thats the biggest weighting in the xli, almost 9 . Caterpillar, also a bad day. Thats either the third or the fourth biggest weight in the xli. Despite the xli, its doing great. You have other names picking up the slack. And that tells that theres strength everywhere. Thats really what a lot of people like myself have wanted to see. Of course in a price weighted index like the dow, they are dragging. Boeing ....
If she becomes president and will be welcome. Definitely is stock to watch all the major indices. Democrats win the senate you tomorrow as well as we said, netflix is lower microsofts Conference Call set have to be paying attention to to kick off next hour. What shes proposing in the back to john fortt with a look Communication Services bottom, campaign right now. Clearly, there is a bank at what to expect. John, what do you make of what Oil Continues to slide down 3 aspect of that, as you said, we heard from the quarter so with the reinstation of glass far . Yes, the call in just over 30 minutes, and this is going to today, 8 for the week as a be somewhat of a victory lap for whole. Financials top the sector stiegle. Whats your take on that performers microsoft. Revenue, you recall, came in news this hour, as ai ....