Profits. The most valuable Public Company in the u. S. Easily beat wall street estimates. Reportingarnings of more than 10 billion in sales of more than 30 billion both double digit increase from us ay year ago. It may have made its name in the wonts operating system but the future in the cloud. The Cloud Business called azure owth in the recent quarter was below 6060 a big number with you one that gave investors pause. The stock volume nil initial after hours trading, josh lipton asore on microsofts quarter. Expectations ran highan into microsofts latest earnings with the stock up nearly 35 so far this year as invtors bet that its a smart way to capitalize on the shift to clou computing. One b b n nber that investors watch, commercial cloud revenue you go incding azure microsoft answer to riviv aws and cloud properties. Commercial cloud revenue clocked in at 11. 6 billion with gross margin spanning to 66 . Kirk ma tern says the growth in the cloud is translating into real earnings pow
And we got better than expected manufacturing data here in the u. S. , but the imf did lower its Global Growth forecast joining us for the hour is steve grasso from Stuart Frankel you know, we hit these highs earlier in the session didnt hold on to it for very long what do you make of todays action we didnt hear about impeachment. We didnt hear about china trade, really. We havent heard much about a lot of things, but we did hear mostly about were earnings so the market wants to get back to something that they can look at and say, its binary. Either services it was a win, it was a beat, they got it higher or lower and were going to run with the market there. Not enough to make new highs, but were on our way there with earnings, i would guess. It is interesting to look at companies fundamentals, actually push the trade headlines aside just a bit still hopeful, perhaps but let the day be run by earnings its true everybody has been run by macro lately so twothirds of all stocks trade with
That followed the reign of terror that happened here in france banks are now referring people to food bank to help them pay their mortgage this is in australia so its called food bank South Australia has been approached by banks tree for their clients to the charity in the hope that it will prevent people from defaulting on mortgage payments not let them eat oreos but let them eat food bank this is a real up to me moment in another replay so its got a couple of almost verbatim replays of the revolutionary times of france so not only are they collateralize ing property as you point out its no fat is nothing reinvented here its all property backed and now instead of letting them gauge slices of brioche theyre allowing the folks to use their foods to know theyre subsidizing the food banks to so they are bank will food so they dont default on their. Or mortgages these are normal middle class upper middle class an even indeed upper class people but there is stret they have 10 x. The they mi
We are thrilled this evening to welcome the programs founder, dan pedderson. He went on to become the senior officer in the group of nine men who formed the navys legendary Top Gun Program at navy air station in march 1969. He served in combat during the vietnam war with the flying crews. He retired as a captain having accumulated 6,100 flight hours and 1,005 carrier landings. For those of you who know his story from the 1986 movie top gun, you will be happy to know that he is producing a sequel which is scheduled to be released in 2020. Peddersons book is available for purchase and signing following this conversation. And here to keep the conversation moving is larry burke, cure ator of u. S. Naval aviation at the national air and space museum. So now please welcome dan pedderson and larry burke. You ready to go . Im going to take about ten minutes to just set the stage here for larry and i to go back and forth in final preparation for the questions coming from you. The assumption is
To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an