Ed Ludlow

You move past that moment in time, Caro, that is earnings, particularly the quarter gone, and people want to know what's happening with Siri, what's happening with the AI version of Siri.

Mark Gurman's done a lot of reporting on that, of course, but until the company says something material, that's still what the hopes and expectations of the street rest in.

What are you looking at?

It's an alphabet story too, isn't it?

But I'm going to pivot away from the earnings story just for a moment, Ed, because we've got to talk about geopolitical tensions.

We have seen the effect it's had on defence stocks.

They soared.

In fact, the sector gained nearly 44% you've seen in the last one year basis.

Military contractors are cashing in as governments ramp up the spending on fighter jets, yes, on missiles, but also tech areas, drones.

And some investors really say that the rally is just getting started.

Here with more is Bloomberg Equities reporter.

Avelis Bonilla-Ramos.

And Avelis, is this sustainable?

What are we expecting in terms of revenue growth, profitable growth, fundamental growth on these earnings?

Let's do a bit more on the political crosshairs.

When Caroline and I were in Las Vegas for CES, the president on True Social was very clear ahead of an executive order that he wasn't happy about defense company compensation, the compensation of the CEOs, the head of these primes, because they weren't delivering.

That seems incongruous with the massive run-up in those stocks.

and that is exactly why we have you on because of the tech focus that these businesses are having we'll watch out for their earnings bloomberg's alvarez thank you so much for joining us meanwhile let's turn to wintry weather it is blanketed most of the united states is leaving lingering effects too power grids they're expected to endure increased stress from really brutal cold in the wake of the damaging winter storms get this more than 800 000 homes and businesses nationwide are currently without power

And this is concerns already have been growing around the U.S.

's power grid's resilience in the face of rising AI power demands.