All right. We're about 2 minutes away from the end of the trading day. Katie Greifeld and David Gura in for Romaine Bostick.And here to help take us through the closing bell, it's a global simulcast. We're joined now by Carol Massar and Tim Stenovec We bring together all of our different all of our audiences across all of our different platforms, Carol. And what an interesting day it has been in this market, The S&P 500 all over the place.But certainly looks like we're going to finish in the green. Yeah, we ...

Trade Relations - President Trump and President Xi Jinping agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers, including cutting fentanyl-related tariffs on Chinese goods from 20% to 10% [1] - China will resume purchases of US agricultural products such as soybeans and sorghum, while pausing controls on rare-earth magnets in exchange for the US rolling back restrictions on Chinese companies [1] Market Sentiment - US stock indexes closed higher, driven by positive corporate earnings, with Amazon.com leading the way with a more than 9% increase after reporting strong earnings [4][5] - Over 80% of S&P 500 companies that reported Q3 earnings have beaten estimates, indicating a bullish market sentiment [6] Economic Indicators - The markets are anticipating a 64% chance of a 25 basis point rate cut at the next FOMC meeting, with an overall expected cut of 82 basis points by the end of 2026 [2] - The October MNI Chicago PMI rose by 3.2 points to 43.8, exceeding expectations, which is supportive for stocks [3] Corporate Earnings - Q3 profits for S&P 500 companies are expected to rise by 7.2% year-over-year, the smallest increase in two years, while sales growth is projected to slow to 5.9% year-over-year [6] - Notable corporate earnings include Amazon.com with Q3 net sales of $180.17 billion, exceeding the consensus of $177.82 billion, and forecasting Q4 net sales of $206 billion to $213 billion [14] Government Impact - The ongoing US government shutdown is affecting market sentiment and delaying the release of key economic reports, with an estimated 640,000 federal workers furloughed [8] - The shutdown could lead to increased jobless claims and a rise in the unemployment rate to 4.7% [8] International Markets - Overseas stock markets showed mixed results, with the Euro Stoxx 50 down 0.65% and China's Shanghai Composite down 0.81%, while Japan's Nikkei Stock 225 rose sharply by 2.12% [9]

Five tech titans just sent a clear message to Wall Street: The artificial intelligence megatrend remains strong. All that talk about an AI bubble bursting and AI stocks crashing should be set aside – at least for now. Meta Platforms (META), Microsoft (MSFT), Google parent Alphabet (GOOGL), Amazon (AMZN) and Apple (AAPL) all posted solid results this past week. All signaled that they plan to step up already-massive bets on the artificial intelligence megatrend. The Facebook parent's big spender talk did spoo ...

Core Insights - The U.S. stock market ended October 2025 on a high note, driven by strong earnings from major technology companies, reversing earlier selling pressure [1][11] - All three major indexes, S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, posted solid gains, with the S&P 500 achieving its sixth consecutive monthly gain [2][11] Major Market Indexes Performance - S&P 500 rose by 0.6% to 6,872.65, Nasdaq Composite surged by 1.2% to 23,932.36, and Dow Jones gained 99 points (0.2%) to 47,586.98 [2] - S&P 500 recorded a 2% increase in October, while Nasdaq Composite saw a 5% rise, and Dow added 2% for the month [2] Major Stock News and Developments - Amazon's shares increased by approximately 12% after reporting a 40% profit rise to $21.2 billion, driven by a 20% year-over-year revenue increase in its AWS unit [4] - Apple forecasted record holiday-quarter revenue with overall revenue growth expected to accelerate between 10% and 12%, and its services revenue reached a record $28.75 billion [5] - Reddit's shares surged about 18% after reporting earnings per share of $0.80 and a 68% year-over-year revenue increase to $585 million [6] Company Challenges - Newell Brands' stock dropped 30% after lowering its full-year outlook due to tariffs and disappointing third-quarter results [7] - Exxon Mobil reported third-quarter earnings of $7.5 billion, but its stock performance was mixed, with some oil companies like Chevron gaining 3% [7] - Nvidia faced negative territory despite new partnerships, as investors scrutinized returns on AI capital expenditures [7] Upcoming Market Events - Investors will monitor key economic data releases in early November, including Markit PMI Manufacturing, JOLTS Job Openings, and ISM Services Business Activity [8][9] - The Federal Reserve recently cut its benchmark interest rate by 25 basis points to a range of 3.75%-4%, but further easing is uncertain [8] Conclusion - The strong performance in October, fueled by corporate earnings and AI momentum, sets a positive tone for the market as it moves into November [11]

Big Tech To Wall Street: AI Spending Boom Will Intensify 7:32 AM ETMicrosoft, Google, Amazon, Meta and Apple will continue to ride, and drive, the AI megatrend. Here's what their latest earnings... 7:32 AM ETMicrosoft, Google, Amazon, Meta and Apple will continue to ride,... EARNINGS PREVIEW: Palantir, Robinhood Among Leaders Set To Report Amazon (AMZN) stock popped and reached a record high Friday after the online retail and tech giant posted a robust quarterly financial report. The Magnificent Seven name ...

US stocks bounced back Friday, with Wall Street notching weekly and monthly wins as investors embraced strong earnings from Amazon (AMZN) that eased some doubts about prospects for Big Tech. The Nasdaq Composite (^IXIC) rose 0.6%, while the S&P 500 (^GSPC) gained 0.3%, both restoring solid gains after wavering earlier in the session. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, rose 0.1%. All three major averages ended the month with wins, with the Nasdaq gaining more than 4 ...

This is Bloomberg Businessweek Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies and trends shaping today's complex economy. Plus, global business, finance and tech news as it happens, Bloomberg Businessweek Daily with Carol Massar and Tim Stennett act live on Bloomberg Radio, Television, YouTube and Bloomberg Originals. And a very good afternoon, everyone.Welcome to Bloomberg Businessweek deli Carol Massar tim stanwick live here on bloomberg radio ...

Core Insights - Five major tech firms, referred to as the "Magnificent Seven," reported their earnings, marking a significant moment for the economic outlook of 2025 [1] Company Earnings - Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Google (GOOGL), and Meta (META) provided earnings reports that shed light on their performance during the ongoing AI revolution [1]

Core Insights - The overall sentiment regarding major tech companies like Amazon, Meta, and Microsoft is positive, with substantial growth reported despite rising expenses [1][2][3] - Earnings estimates for the S&P 500 are increasing, driven by strong performance from these companies, which collectively represent 25% of the index [2] Amazon - Amazon is experiencing a significant acceleration in AWS growth, reaching its highest growth rate in years, with expectations of continued strong performance [4][8] - The company is projected to spend approximately $125 billion this year on capital expenditures, the highest among its peers [10] - AWS's backlog has reached $200 billion, reflecting a 22% increase, indicating strong future business prospects [13] Meta - Meta's advertising revenue increased by 26%, with impressions up 14% and price per ad rising by 10%, suggesting effective monetization strategies [11] - Despite the positive metrics, there are concerns about the company's ROI compared to its spending, leading to a more cautious outlook [9][12] Microsoft - Microsoft has been added to the investment portfolio, with a focus on growth opportunities, particularly in AI and capital expenditures [3] - The company is expected to see substantial capital expenditures, contributing to the longevity of its AI initiatives [4] Industry Trends - A shift in sentiment regarding generative AI investments is noted, with a Wharton study indicating that 74% of enterprises investing in generative AI are seeing returns, contrasting with previous findings [6][7] - The overall capital expenditure from major tech companies is projected to reach around $400 billion this year, increasing to nearly $600 billion next year and $700 billion the following year, providing a strong tailwind for growth [4]

Let's bring in now our panel. High Tower Stephanie Link, a CBC contributor. So is Big Technologies Alex Canowitz.They're both here at Post 9. It's great to have you both with us. Um Steph, your your biggest takeaway from what you got this week as a shareholder in Amazon, as a shareholder in Meta, and now for the first time ever a shareholder in Microsoft.Welcome. >> Thank you. Well, expenses are going up, but we are also seeing substantial growth across every one of these companies.And earnings estimates af ...