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Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it. With Bloomberg News Now, I'm Doug Krisner. And we begin with earnings reported after the bell. Alphabet's fourth quarter revenue was above expectations. However, the company also said it's planning to spend far more than investors had expected this year. CapEx spending is set to double in 2026. Here is Scott Devitt, equity research analyst at Wedbush.
doing very well in search. I mean, they're growing the search business 17% in the quarter. The cloud business was expected to grow 38% and grew 48%. That's a business that's going to be approaching levels of $100 billion of revenue in 2026. And so I think there's a digestion period around this spend and the implications in terms of you know, free cash flow and a DCF.
But I think this is very positive for the AI ecosystem overall.
That is Scott Devitt, equity research analyst at Wedbush Securities. Shares in Alphabet were down by nearly 2% in late U.S. trading. Qualcomm gave a lackluster forecast on revenue for the current period, and this outlook only added to concern over component shortages and how that may drive up prices and then in turn hurt consumer demand. Here is Dan Ives at Wedbush Securities.
When you look at the smartphone market and you look what we see, look around the edges, there's weakness. I mean, we've talked about it in terms of Asia checks and now obviously, you know, this is something that's going to be a focus in terms of, you know, can they navigate it? How long the sort of softness will be there? Look, I think it just speaks to overall what we're seeing in this market.
Like you're going to you're going to have winners and losers. It's a stock pickers market.
That is Dan Ives from Wedbush Securities. Shares in Qualcomm were down by more than 9% in late U.S. trading.
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Chapter 2: What are the highlights of Alphabet's fourth quarter earnings report?
Tomorrow, Amazon is set to report its latest earnings after the bell. Bloomberg's Tom Busby has a preview.
Amazon.com is expected to show steady 21% revenue growth in its Amazon Web Services cloud computing division amid heavy spending on artificial intelligence. As for its bread-and-butter e-commerce unit, analysts expect the company benefited from resilient holiday spending despite a 35-day long government shutdown and a slump in consumer confidence.
Bloomberg Consensus calls for revenue of $211.49 billion on earnings per share of $1.96. Tom Busby, Bloomberg Radio.
Chapter 3: How is Alphabet planning to increase its capital expenditures?
President Trump's nominee for Fed chairman, Kevin Warsh, would have not been selected to lead the Fed if he wanted to hike interest rates. President Trump said as much today in an interview. President Trump said as much today in an exclusive interview with NBC News. And those comments could come up during Warsh's confirmation process where the Fed's independence will likely be a central topic.
For the moment, Trump said there's not much doubt in his mind that rates would soon be lowered.
Okay, we're way high in interest. We have now, with me, and with all the money, I've always been good at money. And with all the money coming into our country, we're a rich country again. We have debt, but we also have growth.
Chapter 4: What insights does Scott Devitt provide on Alphabet's revenue growth?
And the growth will soon make the debt look very small.
President Trump speaking to NBC News now. Republican Senator Tom Tillis has pledged to block any of Trump's nominees to the Fed until the DOJ ends its investigation into the renovation of the Fed's headquarters. The Supreme Court is allowing California to use its new congressional map during this year's midterm election. It favors Democrats.
And the court denied a request from the California Republican Party and the U.S. Department of Justice to prevent California from using its new map on the grounds it was racially gerrymandered. Now, California leaders have maintained the voter approved map was drawn purely. to counteract the Republican redistricting in Texas, and race was not a factor.
President Trump today spoke with Chinese President Xi Jinping by phone, and Trump said the two talked about increasing Chinese purchases of U.S. soybeans and other products. Xi, meantime, urged the U.S. to handle arms sales to Taiwan with the utmost caution. Here is Bloomberg's Tyler Kendall.
At this moment, it appears that it was almost a check-in ahead of President Trump's visit to Beijing in April. We're a few months out from that. We know this is going to be a highly anticipated visit for President Trump that he's been touting ever since he struck that deal in South Korea late last year.
That is Bloomberg's Tyler Kendall. Ukraine is asking the U.S. for more weapons as a way of forcing Russia to end the war. Bloomberg's Amy Morris has more from Washington.
Ukrainian President Vladimir Zelensky says President Trump is looking to stop the war by way of compromises, while Russia's Vladimir Putin is trying to force Ukraine to abandon all of the eastern Donbass region. Zelensky told a French TV station that, quote, Putin is only afraid of Trump. He says Trump can exert pressure through sanctions, the economy, and with weapons.
A Ukrainian delegation is currently in Abu Dhabi, taking part in the U.S.-brokered trilateral negotiations that also include Russia. Zelensky says their priority is to end the war. Amy Morris, Bloomberg Radio.
And that is news when you want it. With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.
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