Speaking of AI today, a possible deal between OpenAI and Amazon might be valued north of10 billion. For that, we'll turn to Mackenzie Sagalas. Morning, Mac. >> Hey, good morning, Carl.This would be a big upgrade and the Amazon OpenAI relationship. We're talking about both a huge investment, plus a path for AWS to land OpenAI as a flagship customer, which is a real optics win for Amazon's Nvidia alternative. Now, as for what I'm hearing from a source close to the discussions, Amazon is looking at an equity s ...

Market Overview - The week saw an interest rate cut from the Fed, leading to most indices closing higher, with the Nasdaq up 2%, S&P gaining 0.75%, and Dow also increasing by 0.75%. However, the Russell 2000 index closed 1.4% lower [1] Sector Performance - Technology and consumer discretionary sectors rallied close to 3%, while real estate, materials, and consumer staples sectors declined nearly 4% [2] Major Earnings Reports - Alphabet reported strong earnings, surpassing $100 billion in quarterly revenue for the first time, with search and other revenue at $56.6 billion and Google Cloud at $15.2 billion. The company plans to increase its 2025 capital expenditures to between $91 billion and $93 billion, resulting in an 8% stock increase [3] - Meta Platforms experienced a 12% stock decline despite beating earnings expectations, attributed to raising its 2025 capital expenditures to between $70 billion and $72 billion, compared to previous estimates [4] - Amazon reported $180 billion in revenue, exceeding estimates of $177.8 billion, with AWS Cloud growing by 20%. The company anticipates revenue between $206 billion and $213 billion for the current quarter, leading to a 9% stock rally [5] - Apple achieved record revenue post-earnings, despite missing iPhone sales expectations, while Microsoft reported an earnings beat but saw little change in stock price, down 1% for the week [6] Upcoming Earnings and Economic Data - Next week will feature earnings reports from companies such as Palantir, AMD, Qualcomm, Uber, McDonald's, and Nova Nordisk. Additionally, data on non-farm employment, JOLTS, and manufacturing is expected, contingent on the resolution of the government shutdown [7]