On thetop of the bottom line profit hit by a fine from the European Union that Conference Call is kick off now. Gene munster is manning the red phone. Josh lipton is out in San Francisco. He spoke with alphabets ceo, so, josh, we kick off with you. Melissa, digging into this report briefly here, a couple numbers stand out, one is revenue from Google Properties 18. 4 billion, thats search, youtube. Talking to Aaron Kessler of raymond james, obviously as he points out, thats the highest marg margin businesses for the company up 20 pk he also pointed out reasons for concern in the report. Traffic acquisition costs, what the company is paying their partners for mobile traffic. Obviously when thats rising, can pressure overall margins a couple other key lines here that stand out, other revenues remember, that includes cloud, play, hardware, that clocked in at 3. 1 billion. And other bets revenues. Everything from selfdriving cars to nest Smart Thermostats operating loss of 772 million final
Street, the trading perspective. Roger from the economic perspective. Well bring you the results as soon as they are released. Kate kelly is standing by with all of that. How about twilio soaring on its debut. Its just under 28. Granted thats not saying much. But a hello they debut here for twill owe. Well discuss whether it could spark a new rush. Wow, did they leave money on the table. I dont know. In this climate . Priced above the range. Its the indication. Its a Business People can understand and theyll like. We will see. Lets start with our full Team Coverage of the historic brexit vote. Everybodys in london this week. Wilfred frost has the latest numbers for us. Kayla tausche also and sara ice never. The betting has moved. We were as long as 7 1 for an exit. Its now 5 1, implied probability expecting to remain, 83 . But a slight improvement. They havent had any polls for quite some time. Now its 4846, leave. What does the next few hours hold for us . As you said, polls close 5 0