WEBVTT - Apple Rises and Amazon Dips; ExxonMobil and Chevron Report

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm time Keen with Paul Sweeney and Bloomberg's John Tucker.

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<v Speaker 3>Amazon projected weaker then expected operating income again and trailing

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<v Speaker 3>the sales growth of its cloud rivals. At this point,

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<v Speaker 3>investors are searching for science the company's big investments in

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<v Speaker 3>AI are going to pay off. Andy Jasey, the CEO,

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<v Speaker 3>is engaged in an AI infrastructure arms race, of course

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<v Speaker 3>with Microsoft and Alphabet. It does require a lot of

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<v Speaker 3>heavy spending on data centers. Both of their rivals earlier

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<v Speaker 3>reported strong earnings and said they're benefiting from the AI boom.

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<v Speaker 3>Amazon spent a record thirty one point four billion dollars

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<v Speaker 3>on capex in a quarter. That's up about about ninety

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<v Speaker 3>percent from the same period a year earlier. And they

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<v Speaker 3>have Amazon Web Services. This is the largest seller of

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<v Speaker 3>rented computing power, gaining a little more than seventeen percent.

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<v Speaker 3>Sounds good, you.

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<v Speaker 1>See, I haven't seen anywhere.

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<v Speaker 3>How did the boxes do I have no idea.

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<v Speaker 1>Yesterday I saw three trucks, one on Madison, I think

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<v Speaker 1>two on Third Avenue. The way the boxes come out

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<v Speaker 1>of those trucks, I mean they're like dented, they're throwing

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<v Speaker 1>those butt its heat.

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<v Speaker 3>The inside is like so much packaging in there. I've

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<v Speaker 3>never really had a problem with anything being damaged. Yeah,

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<v Speaker 3>but it's just like the delivery person for Amazon getting

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<v Speaker 3>your package undamaged to your front porch. That is not

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<v Speaker 3>a high priority.

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<v Speaker 1>I would love to say Shielda's David Letterman out of

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<v Speaker 1>the street doing in peace with the drivers in ninety

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<v Speaker 1>eight degree heat. Here from options continue to the next

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<v Speaker 1>stock O wise one.

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<v Speaker 3>Why don't we do? Apple recording its fastest quarterly revenue

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<v Speaker 3>growth in more than three years, revenue rising nine point

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<v Speaker 3>six percent. They also predicted fourth quarter revenue would be

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<v Speaker 3>up by more than analyst estimates. Tin Cook was on

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<v Speaker 3>the conference calls Well. He said, in his words, we

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<v Speaker 3>saw on an acceleration of growth around the world in

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<v Speaker 3>the vast majority of markets we track, including Greater China.

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<v Speaker 1>Okay, but my question is to Mark Kerman, is okay

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<v Speaker 1>they had a jignormous There's going to be terroriffts Let's

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<v Speaker 1>buy an iPhone? Does that mean the next quarter's week?

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<v Speaker 1>I hadn't seen that yet.

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<v Speaker 3>Possibly. One of the highlights was also services. That was

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<v Speaker 3>a bright spot topping projections. Services continued to be the

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<v Speaker 3>company's biggest growth driver at Apple.

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<v Speaker 1>Just huge, it's eighty one billion revenue.

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<v Speaker 3>Now you want to finish with big oil?

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<v Speaker 1>Oh please?

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<v Speaker 3>Excell Mobile Chevron better than expended results are it's been off.

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<v Speaker 3>It's over three dollars three yeah, but you know, okay, excellent,

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<v Speaker 3>So fantastic production figures cushing the impact of the lower

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<v Speaker 3>crude oil prices. Excellon actually pump more oil than it

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<v Speaker 3>has in any second quarter since the mobile takeover. That

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<v Speaker 3>was what a quarter of a century ago when they

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<v Speaker 3>took over Mobile Chevron, lifting output to an all time

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<v Speaker 3>high almost four million barrels a day. So all this

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<v Speaker 3>production boom booming output in the Permium basin especially and elsewhere.

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<v Speaker 3>The titans of the energy continue to surve pass at

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<v Speaker 3>Wall Street expectation.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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<v Speaker 2>the Bloomberg Business app. Mm hmm