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Transcripts For KQED Nightly Business Report 20240714

Of the Largest Companies in the sector, are out with their Quarterly Results just one day after the nasdaq hit a record. The group h been a Major Driving force behind the makts rally despite threats from regulations from lawmakers. Lets start with the biggest of them all, azon. The companys record profit streak is over. The online retailer reported mixed results, missing earnings expectations but exceeding revenueforecasts. Amazon cited high shipping costs and weaker than expected growth in its clouds computing business. Investors were disap sent the stock lower in initial after hours trading. And then theres alphabet, the Parent Company of google easily topped earnings expectations and reported a rebound in reven growt thanks to strength in its advertising business. Investorsn cheered initial after thundershowehours trading. We have two reports for you tonight. In a moment, it will be josh lipton on alphabet but we begin with deidre bosa on amazon. Reporter the big qn for amazon this

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