Tyler is on assignment tonigh we begin with a surprise from micros the Worlds Largest software compan rep stronger than expe earnings. A large part of that is due to gains in its cloud compu unit which helps businesses store their data on the intern revenu grew 3 from last year to more than 22 billion. And investors liked what they saw, sending shares initially to an alltime hi in after ho jo lipton has the one key takeaw on microsofts quarter. Rep 6. 4 billion. That w a big number in micross report. And it refers the companys revee in its socalled intet clo division. That resul was better than the stre expected. With that division, all eyes were on azure. Rememb, thats microsofts Cloud Platform which competes with amazons cloud business. And rbcs Ross Macmillan points out that azures revenue grew 121 percent. Macmiln saying that cloud grow is better than the street the profitabili of that busine, he notes, is improving faster than expected. Thats all good news for micrt bulls. For nightly bu m josh lipton, san francisco. Timothy lesko is principal portfoo man at granite inve managers and he owns the stock. Welcom timothy. Thanks for having me. The street obviously missed it with this one. It frequeny hap that way. You own the stock. Tell me what you saw in te highli in the report. Josh mentioned the cloud computin but what else did you see in th report that you liked . Well, i think josh kind of hit the nail on the head with it. We somewha knew that pc sales were going to be light. Thats been about 40 to 45 of micross business for a while. And by blowing out on the intet cloud portion of thr business, they really show the street that they have a Growth Engine again which they really havent had for years. Its hard for Big Old Companies to change from being pretty much a stodgy operating System Company and windows tools compy rea into a compe and growing cloud player. So its really nice to see them do that. That puts the intelligent cloud portn of their business above 30 of revenue and makes people really pay more attention. Can they continue to grow it, do you think . I think youre seeing more and more businesses move into cloud and more specifically move into private clouds and intet clouds. As theyre plenty of commod clo business out there, the real stuff that they n bring some, call it intell cap to the table tha only they have, makes it obviously a more profitable busine you saw mar in that business go from the low 40s to the high 40s. There really Nothing Better for busin when you can have better margins in a growing busine what about the linkedin acquis did we get more clar on when exactly that wi close and what its going mean to the company . The Conference Call started clarity ago, so i dont so far. It wil be an interesting one. Its on the heels of their skype acquis wondering if they going to take these intern based technologie and apply them to help grow their othe businesses. Otherw it could be a that they have to writ off like they had to do with the nokia acquisition. Were guardedly optimistic that they can add linkedin to the suit of products that they offer. Bu so far nobody really knows what that path is. Thank you, timothy. Them owe this is with granite advisers. Veriz and travelers also repo earnings. Verizo saw revenue fal of subsc adding far fewer wireless cust in the Third Quarter than expected. Part oe reason is heightened compet among all of the carrie. Meanti the company says its asseg wheth it will need to renegotiate its acquisition of yahoo after that company discd a major data breach. As for travelers, the property and casualty insurer reported a 23 fall in profit as gains from underw declined. Travels and verizon were the two worst performing stocks in the dow today. That decline in the shares of verizon and travelers weighed on the Broader Market today. S was enough to lift the rican blue chip index. American reported a strong quarter, which we told you about last night. So today, the dow jones lost 4 poin to 18,162. The nasdaq dropped 4 1 2 and the s p 50 was off nearly 3. Sales of existing homes rebod in september despite a persis shorte of prop to choose from. The National Assoc of real says sales rose more 3 to its highest level e june. The repor also showed that firs homebuyers accounted for 34 of september sales, matc the highest level in moren four years. Separa freddie mac reports that Mortgage Rates have hit their highest level in four months. And the number of americans fili for Unemployment Benefits rose more than expected last week. The labor depart reports initl claims for unemployment bene increased 13,000 to a seas adjusted 216,000. Part oth rea for the incr in claims could be re the effects of hurrmatthew, which left some people tempo out of work. For north carol in part increased by more th 2500 last week. And the economy was a big focus of the debate last night, from National Debt to taxes to economic growth. Steve n takes a look at what both candidates said and wher stand on the issues rep an economic foreca is neither fact nor fictio its jus more or ls possible. Well get to Donald Trumps big, intere and debatable claim his plank can achieve 4 growth is a debatable point fro hillclin i will not add a penny to the debt. He will add 20 trillion to the debt through massive tax cut. Rep his plan would add 200 billion to the budget over ten years. By contrast trumps plan would add more 6 trillion. Clinton t pay for spen by raising taxes. Trump pays for his tax cuts by cuttg spend and what i beli will strong growth. Im going to create trem jobs. Were bringing gdp from reais 1. I actu think we can go higher tha 4 . I think you can go to 5 or 6 . Rep the 4 number has rais a lot of skepticism. 2000 was the last year we grew that much. Only from 1997 to 2000 did we have a long sustained period of 4 growth. 15 is the number of the past 50 we were at or above 4 . 20 would be a more realistic numb of years that we were at or above 3. 5 . Growth is determined by prod and how efficient work are. 1992. Has trending produc has b mostly trendi down since 2002. That means the components of grow have been trending down, lead to expectation of slow growth. Most economists agree lower taxes c hel growth. They warn the positive effects can be outweighed if donald runs up the deficit. Fo nightly bu steve liesm craig leesmuk joins us now, chief economi at biding sparks. To have you back, craig, welcom good evening, sue. Lets put the politics aside and focus on th economics. You say that there are three reason that we have not been able to bac to that 4 level. Structural, they are policy and theres the global malae to deal with. Lets start with structural proble are the Biggest Issues . The Biggest Issue struct is that we have an aging population. This i somethingt monetary poli doesnt address. Fiscal policies dont address. When you have an aging popula the you tend to see econom gro slow down. Weve seen this play out in japan. Playing out in europe to a playing out in the u. S. Our probl isnt as big as japan as you have an aging population, rememb that when people get over 65, you have a declining labor force as steve referenced. Second they spend differ spend as much, they save more. Third, they borrow less. There s leverage in the syst and you hav weaker growth. Moneta policy, fiscal policy, neit of those things can addres that. Objecobstacles, you say the regula env is holdg back growth. Absolutely. Almost every industry that we talk to, Business Leaders talk ab the regulatory enviro whether its enviro policies or dodd f y that theyre s some type of dealg with today, its hurting busine confidence. When y look at business today, while its rebod from the recession, its still at a level thats cons with previous recess. The Business Outlook isnt very brig right now, number one for sales, but also because of the regu burde that theyre dealing with and trying to e they have to hire more you , and more workers to deal with the regulations rather than actu producing goods and servic. Now we go to global malaise, i kind of know what that is, but youre tal the downtu in many economies arou the globe. Right. And, y we dont ha to have growth be too fast globally for the u. S. To grow. Certaiy we coul be the engine of growth glob. But its nice when you have europe, japan, other developed nations g alongside you, it helps with u. S. Growth. Today we dont ha that. And so its not a prerequisite it helps. The european economy is growing very slowly, the japanese economy is stagnant. On that note, craig, well lee it there. Thanks us. Thank you. Still ahead, what the leaked emails rl about the clinton camps relp with the biggbt firms in si. One of the most cont topic of this pres election is trade. And more specifically tra partne tpp, a 12nation pacific rim trade deal championed by presobama. But both hillary cli and dona oppose it. So doe china. We have more fr. Rep trade is a touchy subjt in the president ial electi any proposal that even suggests that americans could lose jobs is heavily criticized. The tpp or transpacif partp is one such propos trade deal is part of presobamas pivot to asia, his efforts to strengthen americ role in the asia paci region. Both president ia candidates have rejecte it. And theyre in unusual company. China is wary too. China is not one of the 12 countr that signed onto the tpp. And it stands to lose out. The tpp isnt the classic trade deal like nafta. Its n so much about tariffs but standards of corporate beha on workers rights, envi protection, and how mu a government can grant a Company Financial support. The proponents of the tpp say it will help level the Playing Field for Companies Operating in asia, including american ones. That w likely pressure china to adhere to these newlydefine u. Standards. The tpp is meant to help tie the region eco to washin workers fear the pref treat under the tpp for countries such as vietm would hurt u. S. Factor in fac the deal would likely thre chinas manufacturi might. China is already losing fact to cheaper nations like vietnam. And th tpp would only give intel com extra ince to move their prod away from here. China has expressed concern about the u. S. s presence in asia and in fact beijing has drawn up plans to create its own asiawe free trade pact. U. S. Allies like japan have expe great Political Capital to sign on to the deal. If the tpp isnt delivered, the u. S. s credibili in asia as wes emerging worlds could be damage only bolster chinas polil sta in e region tpp could still be ratified in a lame duck session of cong after the november electi. And asia will be watching. The stolen hillary cli emas obt and released by wikiles revl new details about her position on encrypti w as weve been report is a divisive issue between silicon val and law enforcem and it pits privacy interests agai rep hi, sue. This is a relationship that came under inten scrutiny last year. Newly released Clinton Emails show cho they were with big compan newly released emails put clintos camn on the defens she spoke about encryption just days after the san bernard attack during a primary debate on nbc. I understand g about that. But i also understand when a law en charged with the responsibily of prev attacks, to go back to our early, how do we prevent attack a Clinton Campaign stafr told other Campaign Aides she had circulated clintos comments about encr to a contact at apple. Her email reads, looks good, just heard google is good too. The apple insider is believed to be the companys director of glob gover operations. He writes, hi sarah, this was great, i got the clip to tim last night, definitely struck the right tone. The emails seem to suggest that clinton camp was seeking appr and validation from the compan about her message on encryp apple had no comment. Neithe the Clinton Campaign nor google respond to requests for commen apple dispute with the fbi beca a public battle in early 2016 when a judge ordered apple to help the fbi unlock the san shooters phone. Sue, the leaked emails, which the Clinton Campaign have never conf were legitimate, also show congresswom zoe lofton wrote to john podesta, i hope our can does not leap on th side of the fbi on the encr ruling. If she is leaning that way, can i talk to her . Podest respo that clinton was inclined to stay out of it. A lot of insider back and forth. What might this tell us about apples possibl influence in wash if there is a clinton administ rep hard to say, but clearl from the tone and tenor of t emails, you get the sense tha clinton was look to run Hillary Clintons public statements by executives at apple in order to see whether got buyin from those exec over what she was saying that ind to me that apple will h a lot of influence if ther is a clinton admi in washington next year, at least sort of a frie relat betwe the o sid with the clinton ad realizing i ways politically it needs apple and silicon valley. Amon, thanks. To read more about the ema released by wikileaks, head to our website, nbr. Com. Falling demand hurts results at union pacific. Thats where we begin tonights. The Railroad Operator said prof and sal fell. The compa warned results for the Current Quarter will cont to slip as currency heads and consumer demand rema a challenge. American ai warned a rise in employee wages will hurt that companys Profit Margins nations Largest Airline also posted a drop in profit and sales but still beat expect. Doug parker sees a Silver Lining we were happy with todays result were seeing revenues, well, theye down year over year as wi airlines, theyre down less for us than others. Were stag to see a rebound in t revenue environment. Shares were down 4 cents to 40. 59. Walgreens alliance reported a higher than expected profit. The farmers operator says it expes its acquisition of rite aid to close soon. Shares rose to 81. 02. Pulte group said an increase in land and labor costs would cause s m to be lower than previ announced. Their shares were off 3 . At t and time warner have repo entered into talks that result in a potential tieup between the. Bloombg ss the talks are info and focused on building relatis ins laying out terms of a specific transaction. At ended the day down almost 2 to 38. 65. Time wr sha were up more th 82. 99. Paypal saw revenue rise as an uptick in customer tran helped estimates. Profits increased, and the coy raised the lower end of its full year sales guidance. Trading but ended the regular session down 15 cents to 40. 09. Cominup, words of wisdom. Busine advice from some of the countrs biotech firm alchemess depres drug trial signif red symptoms compar to a placebo, sending shar spiking by more than 40 in afterhours trading. Shares of ariad pharma on move afte two top democratic lawmak demanded pricing info leukem drug. Berniede a elijah cumm sent a letter to ariad aski for an explanation for why they raised the price of the drug. You cod see the stop dropoff when that letter was released. They e the Fastest Growing privat com in america. Many of them are gathered at inc. Magazines 5,000 confer. Their gro rates are something many only dream of. And tonight theyre sharing some their best business advice. Kate rogers reports fro rep in 2008, stay stacy brown all of a sudden found herself a single mom, trying to f how to support her three kids. She wa obsessed with Chicken Salad and started a quest in her own kitchen to perfect a recipe. She began selling her Chicken Salad door to door and saw her little bus take off. The phone was ringing off the one day the health depa called. And th me know that it was illegal to sell anything that you ha coo in home. I had to make the decision whetr i was going to go in a difft d or take the leap of faith and open a rest that only served chicn salad. Rep she took the plunge, opening her first chicn salad chick restaurant in alabama. She quickly grew into three locas and requests for franch began to pour in. Today she has 62 locations acro eight states, selling her 15 different styles of Chicken Salad fre daily. The company has grown at an eyepog rate with more than 90 million in sales to date restaue since 2014 and a growth rate of 6,000 , landing on the inc. 5,000 list of the Fastes Growing Companies in americ massacd paint night is growing even faster. The companys Online Platform arra parties at local bars where attendees learn to paint a piece of art over the course of the evening. Its grown 36,000 with 55 million in revenue in 2015. The company has hosted 4 million customs in thousands of cities across globe. Week three, we had posted a lo events. We sold 350 tickets in like 11 hours. We realized that this wasnt just going to be an occasional once a month thing, that this was going to be something we could host eve single day in boston, and then when we expa to new york city, and saw the same success, we knew we we onto something and basiy we were just trying to scale as quickly as possible. R the leaders of both startu attribu their success to embracing challenges and not waiting for perfection before trying new things. Perfect is the enemy of good enough. And to scale as rapidly as we did, i thi it was a wise choice, if trying to sure everyy perfect and not launching until. Do not be scared of change. Dependn it. So when things are good, dont take them for granted, because thin will change. And when things are bad, dont dwell on that, because things will change. And it helps me keep everything in perspective. Rep overall inc. 5,000 comp have grown at an aver of 490 over the past thre years, creating 640,000 jobs, provi that small busi really are the back of the american econom nightly buor im kat rogers in san antonio, texas. Finally tonight, snoopy is join the ranks of the unempl after appea for more than 30 years in print ads and tv comm for metlife, the insu compa is retiring the popular character. Metlif started using snoopy back in 1985 to make the company seem more friendly and approa snoopy will be replace by a big letter m in blue and green colors e decisio comes as metlife gets ready to spin off most of its u. S. Life insura busine good grief, Charlie Brown that d it for nightly tonight. Im sue herera. Thanks have a. Announcer explore new worlds and new ideas through programs like this made available for everyone through contributions to your pbs station from viewers like you. Thank you. 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