evening, jacqui. good evening, bret. unfold. republicans what sound at times campaign speech. that s how they are starting their new term. cutting taxes on billionaires. president biden touting his administration s achievements today as questions squirrel about the motivation tore keeping the news about his apparent mishandling of classified material out of the news for as long as it was. who made the decision to not tell the american people six days before an election? democrats admit president biden may have jeopardized national security. i don t think we can exclude the possibility without knowing more of the facts we have asked for an assessment in the intelligence community of the mar-a-lago documents. i think we ought to get that same assessment. and say this is not good for biden or their party. it s an embarrassment, no doubt about it. this is the kind of thing that the republicans love. house republicans demanding a record of who may have had acce
to nine months. and that is the key to how the apple growth story plays out stop , plays out. interestingly, the other servers went up also what are the other services? overall services continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. you re going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. that has been a big part of what i call the re rating of apple stock. meanwhile, retail giant amazon has reported a quarterly profit that smashed market expectations. for 02, that came in at $6.7 billion, eclipsing forecasts. in fact, this was amazon s biggest earnings reveal since the last quarter of 2020.
out stop , plays out. interestingly, the other servers went up also what are the other services? overall services continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. you re going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. that has been a big part of what i call the re rating of apple stock. meanwhile, retail giant amazon has reported a quarterly profit that smashed market expectations for q2. that came in at $6.7 billion, eclipsing forecasts. in fact, this was amazon s biggest earnings reveal since the last quarter of 2020. my colleague michelle fleury with more.
to for apple. that is all about the install base. we are still in the early days of this all playing out. they have a massive install base they are going to tap into the end in my opinion, that is really the key. meanwhile, retail giant amazon has reported a quarterly profit that smashed market expectations for q2. that came in at $6.7 billion, eclipsing forecasts. in fact, this was amazon s biggest earnings reveal since the last quarter of 2020. my colleague michelle fleury with more. amazon s results show it s firing on all cylinders. it turned in a strong online retail performance and registered higher sales at its cloud computing business. revenue for the second quarter rose ii%. investors liked what they heard. shares in the seattle based company, already up 50% before these earnings this year, rose on the news. now, ahead of the quarterly earnings, there were some concerns about people shopping less because of inflation,
got a major big business in the us banks got a m rates. big business in the us banks gota m rates. bank big business in the us banks got a m rates. bank of interest rates. bank of americamake second quarter profits beat wall earned more expectations, as it earned more from customers s loan payments. loan is investment banking and loan is also fared better. it projected its net interest income would increase 8% this year, after it rose 14% of the second quarter. its shares closed 4% higher on also the news. morgan stanley also performed better than expected in the paddock profit beat second quarter. its profit beat estimates as wealth in its wealth management offset lower trade revenues. net revenue rose 16% to a record $16.7 billion. that s all we have for you. thanks for watching.