Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm time Keen with Paul Sweeney and Bloomberg's John Tucker.
Speaker 3: Amazon projected weaker then expected operating income again and trailing
Speaker 3: the sales growth of its cloud rivals. At this point,
Speaker 3: investors are searching for science the company's big investments in
Speaker 3: AI are going to pay off. Andy Jasey, the CEO,
Speaker 3: is engaged in an AI infrastructure arms race, of course
Speaker 3: with Microsoft and Alphabet. It does require a lot of
Speaker 3: heavy spending on data centers. Both of their rivals earlier
Speaker 3: reported strong earnings and said they're benefiting from the AI boom.
Speaker 3: Amazon spent a record thirty one point four billion dollars
Speaker 3: on capex in a quarter. That's up about about ninety
Speaker 3: percent from the same period a year earlier. And they
Speaker 3: have Amazon Web Services. This is the largest seller of
Speaker 3: rented computing power, gaining a little more than seventeen percent.
Speaker 3: Sounds good, you.
Speaker 1: See, I haven't seen anywhere.
Speaker 3: How did the boxes do I have no idea.
Speaker 1: Yesterday I saw three trucks, one on Madison, I think
Speaker 1: two on Third Avenue. The way the boxes come out
Speaker 1: of those trucks, I mean they're like dented, they're throwing
Speaker 1: those butt its heat.
Speaker 3: The inside is like so much packaging in there. I've
Speaker 3: never really had a problem with anything being damaged. Yeah,
Speaker 3: but it's just like the delivery person for Amazon getting
Speaker 3: your package undamaged to your front porch. That is not
Speaker 3: a high priority.
Speaker 1: I would love to say Shielda's David Letterman out of
Speaker 1: the street doing in peace with the drivers in ninety
Speaker 1: eight degree heat. Here from options continue to the next
Speaker 1: stock O wise one.
Speaker 3: Why don't we do? Apple recording its fastest quarterly revenue
Speaker 3: growth in more than three years, revenue rising nine point
Speaker 3: six percent. They also predicted fourth quarter revenue would be
Speaker 3: up by more than analyst estimates. Tin Cook was on
Speaker 3: the conference calls Well. He said, in his words, we
Speaker 3: saw on an acceleration of growth around the world in
Speaker 3: the vast majority of markets we track, including Greater China.
Speaker 1: Okay, but my question is to Mark Kerman, is okay
Speaker 1: they had a jignormous There's going to be terroriffts Let's
Speaker 1: buy an iPhone? Does that mean the next quarter's week?
Speaker 1: I hadn't seen that yet.
Speaker 3: Possibly. One of the highlights was also services. That was
Speaker 3: a bright spot topping projections. Services continued to be the
Speaker 3: company's biggest growth driver at Apple.
Speaker 1: Just huge, it's eighty one billion revenue.
Speaker 3: Now you want to finish with big oil?
Speaker 1: Oh please?
Speaker 3: Excell Mobile Chevron better than expended results are it's been off.
Speaker 3: It's over three dollars three yeah, but you know, okay, excellent,
Speaker 3: So fantastic production figures cushing the impact of the lower
Speaker 3: crude oil prices. Excellon actually pump more oil than it
Speaker 3: has in any second quarter since the mobile takeover. That
Speaker 3: was what a quarter of a century ago when they
Speaker 3: took over Mobile Chevron, lifting output to an all time
Speaker 3: high almost four million barrels a day. So all this
Speaker 3: production boom booming output in the Permium basin especially and elsewhere.
Speaker 3: The titans of the energy continue to surve pass at
Speaker 3: Wall Street expectation.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,
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