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Viewsroom

Big Tech is mostly leaping a low bar

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 10 August 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

The stock market’s mood increasingly hinges on the vagaries of tech giants like Meta, Amazon and Apple. In this Viewsroom podcast, Breakingviews columnists discuss how most of their recent earnings held up – even if only compared to muted expectations for their core businesses. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

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0:20.0

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0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.3

The views expressed on this podcast are those of the participants, not of Roalders News.

0:38.0

July was the fifth straight month of gains for the S&P and the tech-heavy NASDAQ, driven

0:43.9

by better-than-expected earnings and hopes of a soft landing for the U.S. economy.

0:49.0

Ever more swayed by the movements of a select few big tech stocks, major stock market indices

0:54.0

have been buoyed by better

0:55.2

than expected earnings, even if expectations were not particularly high. With quarterly earnings

1:01.2

from Apple, Amazon, meta-platforms, Alphabet, and Microsoft now in the books, the mostly good

1:07.3

news against a tough backdrop is the focus of this week's viewsroom.

1:16.6

Welcome back to the Viewsroom, a podcast from Reuters breaking views, where colonists around the world talk about the big stories of the week.

1:24.5

Coming to you from New York, I'm your host, Jonathan Guilford.

1:36.3

Google Parent Alphabet, Facebook owner mattera, and e-commerce giant Amazon.com all had pleasant surprises in store for investors, reporting results that leaped an admittedly lowered bar given challenges at their core businesses.

1:41.3

The good times, however, were not quite shared by all.

1:45.5

Here to talk me through this are Breaking Views columnists and big tech watches, Robert

1:49.4

Siren and Jennifer Saber.

1:58.6

Hi, Rob and Jen.

1:59.9

Welcome back to the views room.

...

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