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Chapter 1: What is the main topic discussed in this episode?
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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 Alphabet's fourth quarter revenue results and future spending plans?
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.
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. 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.
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