00:00all right futures are near unchanged here today to slightly down s&p futures actually exactly
00:12flat here 0.00 percent change dow futures here down three tenths uh it's likely because of
00:19microsoft down 0.30 and the nasdaq actually just turned green it was just flat and now it is up
00:250.02 percent so for the most part we are basically just flat here today now let's take a look at some
00:32cues from the last session the s&p 500 sectors largely declined on wednesday
00:37as real estate consumer staples and material stocks recorded the biggest losses the meeting
00:47between president trump and president xi yielded significant agreements including reduced u.s
00:53fentanyl tariffs in exchange for china restarting tremendous amounts of u.s soybean imports a
00:59settled deal on rare earths and strong indications that a broader trade deal is going to be imminent
01:05quote pretty soon so some pretty good news there although not totally official that gives us another
01:12possible upside catalyst we'll see when that does end up coming despite the positive meeting fed chair
01:17jerome powell's speech on wednesday wait on stocks as he cautioned that another cut is quote not a
01:24foregone conclusion far from it end quote uh this is pushing back against expectations that have built
01:31up across financial markets in recent weeks and i'm sure we're going to be talking about it here today
01:36but how many of you think we're going to be getting a rate cut in december um looks like there's some
01:42question about that and the cme fed watch tools supports that as well the 10-year treasury bond
01:49yielded 4.07 percent and the two-year bond was 3.59 percent now we do have some stocks in focus here
01:56today and none of them should be a surprise the first one here is alphabet alphabet soared 7.57 percent
02:03in the pre-market on thursday after reporting better than expected financial results for the third quarter
02:08with revenue of 102.35 billion and earnings of 287 per share both of those beat the estimates
02:16um the key here is google cloud revenue growth uh in my opinion they caught up to microsoft and caught
02:24up to amazon maybe not completely caught up but they absolutely closed the gap uh google here actually
02:29trading at 299.82 as your high print here in the pre-market we might see 300 prints out of google here
02:36today the next one is meta meta platforms tumbled 7.39 percent despite upbeat earnings however it's
02:44diluted earnings per share of 105 which includes a one-time non-cash income tax charge of 15.93 billion
02:51made the results not directly comparable to wall street estimates of 668 per share meta also had a
02:58comment we're going to cover it here in a sec but meta had a comment about increased costs to
03:03increase capex spending on the ai front microsoft is our third stock in focus here today they declined
03:102.78 as it estimates second quarter sales of 79.5 billion to 80.6 billion versus the market estimate of
03:1879.95 billion microsoft actually is up off the lows in the pre-market today so there might actually be
03:26a short-term trade setting up for microsoft here today amazon was five tenths lower or a half a percent
03:33lower ahead of its scheduled earnings to be released after the closing bell today it didn't stop with the
03:37big earnings yesterday today is going to be apple and amazon analysts are expecting 157 per share on
03:43revenue of 177.74 billion apple rounds out our list as i just mentioned shares were 0.72 percent higher
03:52as analysts expected to report earnings at 177 per share on revenue of 102.17 billion after the closing bell
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