The announcement. Top Russian Sports officials are being investigated. The World Antidoping Agency accused the Russian Sports minister and officials of overseeing a coverup of hundreds of hailed doping test. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Microsoft on cloud nine after exceeding analysts estimates. The field narrows in the race for yahoo . Newshe longtime ceo of fox , roger ailes, who built the news in to the mostwatched is now in a negotiation to leave his job. Microsoft flying high on the cloud with shares hopping in afterhours trading. The company reporting fourthquarter profits and sales that topped analyst estimates. Revenue of 2 from the same quarter last year. The ceos aggressive push into software and services is going bullying revenue. Here with us to dig into the numbers are cory johnson and joining us from washington, frank gillett, research analyst. Lets start with the cloud. What is doing these numbers . Cory the business is growing
First, markets close in two hours. Julie hyman has been watching the movement. Julie we saw a pullback from those record levels yesterday. , sort ofower volume feels like a sideways trading pattern. The nasdaq is down. 5 . Volume of 14 versus the 20 day average. You see the other groups seeing defensiveume groups seeing that pullback in particular. What is putting pressure on the s p 500 . It has a lot to do with earnings. Netflix beating estimates, but subscriber growth trailed estimates. Philip morrison seeing the pinch and the stronger dollar microsoft reports its numbers after the bell. Point wise committees are the three biggest drags. In terms of point winners, mitigating the drop we are seeing today, we have johnson and johnson after that beat estimates, raised its fullyear forecast. Because arising, linked to whats going on with mcdonalds japan for the company is selling pokemon toys. Facebook shares trading a bit higher as well. That is the balancing act today. Right now, the
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