A deluge of earnings

Earnings reports dominate the financial landscape as Microsoft and Google release their quarterly results, with Amazon's report anticipated later. Microsoft shows strong cash flow, leading to a rise in stock prices, while Google faces challenges with declining search revenue despite increased query volume. Concerns arise that AI advancements may be impacting Google's traditional search business, as users turn to chatbots for information.

Amazon's performance is expected to hinge on its AWS division, which is crucial for stock movement. Analysts predict growth in Amazon's retail sector, particularly following successful Prime Days, but emphasize that cash flow will be the key metric to watch. Meanwhile, macroeconomic indicators reveal a slight increase in inflation and unexpected drops in jobless claims, alongside stronger-than-expected GDP growth for Q3. The Federal Reserve's decision to hold interest rates steady raises questions about their approach to managing inflation, especially with midterm elections approaching.

Amazon earnings preview (0:25) Google concerns, Microsoft's good cash flow (1:40) Inflation data, FOMC surprise (3:30)

Episode transcripts: seekingalpha.com/wsb

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