Denny, welcome good to see you. Thank you for having me appreciate it. Weve got about a hundred s p names on the tape so far for the quarter and in tech, at least, if you strip out netflix, what has there been to complain about, really . There really hasnt so far. You know, the numbers, particularly if youre focused on companies with Long Duration competitive advantage and you would highlight over the last couple of weeks, weve seen microsoft, for example, put up exceptional numbers, as the cloud transition continues and azure continues to ramp and you know, its just amazing, if we think about the numbers there of their commercial Cloud Business, which is effectively the size of Amazon Web Services. Its a different kpocomposition, mix of business. But both of those businesses are growing 40 at 40 billion annualized its pretty remarkable numbers so, you know, a great area to continue to be in. Microsoft, you know, still trades at, you know, an evaluated but reasonable valuation. Asml pu
Bribe at times because it cost money. I cant thank you enough for coming and speaking and being part of the incompass summit. Thank you for the broadband caucus and we look forward to working with you on legislation affecting the broadband deployments around the country and in michigan. Look forward to it. Chip, thank you. Thanks. [applause] [inaudible conversations] if i could have your attention please, we are ready for the next panel to begin. If everyon c seats, please. [inaudible conversations] all right. Welcome, thank you for joining us morning. The 11 00 oclock session is called bridging the Digital Divide using all the tools in our tool kit. Im your moderator katie, partner here at hogan levels and im joined by esteemed panel of great speakers who have a lot of ideas on how to make sure the promise of Broadband Connectivity is delivered nationwide to the benefit ofef all. To my right is evan fienman, director, broadband, equity access deployment better known as the bead progra
Amd, starbucks, pinterest out with results in the last hour shares are all on the move here. Weve got the ateam of reporters ready to dive into the numbers for us were digging into amd, the Conference Call is just kicking off. Amd shares are higher well be looking for more clarity on two factors progress made on amds a. I. Chip todays report shows us that Data Center Revenue was mostly in line, client business, which includes pc processors, sales actually came in higher than estimated. Its a very similar narrative to what we saw from intell last week heading into q3, the Company Expects data center and client to each grow double digit percentages. But they didnt provide any numbers in the report. And thats going to offset some gaming weakness. And this comes even though i. T. Budgets have been prioritizing a. I. Chips over traditional servers. Overall, thats good news for the stock, contributing to the bump that were seeing right now, as well as the earnings beat lastly, a. I. Will of
Yesterday, but again we were talking about Massive Gains not just through the month of july but year to date as well well continue to keep an eye on this if youre watching treasury yields, this is where you would anticipate seeing moves if there were a downgrade if people were afraid of rushing into this. But it turns out u. S. Treasuries are still a safe haven and why the yields are still a bit lower. The 2year note trading at 4. 86 . Of course, all that related to what were seeing. Talk about the downgrade because it is our top story. Theyre citing what theyre calling an erosion of governance Emily Wilkins joining us now good morning to you. Good morning, andrew. Yes, shocking news yesterday at least for some of those in the Biden Administration seeing that downgrade in the u. S. Credit ratings from a aaa to a aplus this is only the second time the u. S. Credit rating has been downgraded like this treasury secretary janet yellen is quickly depending the Biden Administration she says
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els