Summary
Kara Lawson, head coach of Duke University Women's Basketball and Team USA, shares insights on the evolving landscape of women's basketball, including the ongoing 2026 WNBA finals and Team USA's journey to World Cup gold. Lawson reflects on the significant progress made in the women's game and reveals her favorite player she has coached, highlighting the growth and visibility of women's sports.
In the financial sector, Microsoft and Google report contrasting earnings results. Microsoft sees a surge in stock prices after exceeding revenue expectations, driven by a 48% growth in its Azure cloud business. In contrast, Google's shares drop following disappointing advertising revenue, despite a 25% overall revenue increase. Analysts express concerns about Google's core advertising business, particularly in light of competition from AI-driven platforms like ChatGPT, which may be affecting user behavior and ad sales.
The Federal Reserve opts to maintain interest rates, with some officials dissenting in favor of a hike. The decision reflects a cautious approach amid strong economic growth and inflationary pressures, particularly from rising energy prices. Economists discuss the implications of the Fed's strategy, emphasizing the importance of managing inflation without stifling economic growth, while also addressing the challenges posed by external supply shocks.
Show Notes
Ed Elson is joined by Gil Luria to break down Microsoft and Google’s latest earnings, including Microsoft’s AI spending plans and why Google’s results disappointed investors. Then, Michael Gapen returns to explain why the Federal Reserve held interest rates steady and whether political pressure played a role in the decision. Finally, Ed shares his take on Microsoft’s voluntary buyout program.
Gil Luria is the Head of Technology Research at D.A. Davidson. Michael Gapen is the Chief U.S. economist at Morgan Stanley.
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