Live from the Nasak Market State overlooking New York City's Times Square.

This is Fast Money. I'm Melissa Lee.

Your traders on the desk are Tim Seymour.

Brian Kelly, Dan Nathan, and Steve Grosso, the S&P 500 closing at a fresh all-time high boosted by the promise of China trade progress

and strong earnings.

But that second part leads us right to Alphabet, which ding that trend.

The Tech Giant missing profit expectation shares are down right now by more than 1%.

We've got full team coverage to break down these results.

Fast Money for Gene Munsters in Minneapolis to give us his take on the quarter,

but we kick things off with Josh Lipton, live in San Francisco with the details on the results Josh

So most I just spoke to Aaron Kuster for Raymond James just to get a quick take from the street

His point strong results he said Melissa on the top line beat consensus there

Google Properties Revenue so that's the properties the company owns and operates

search YouTube 19% to 28.7 billion that was above what Kessler was looking for.

Operating expenses though were higher than expected he said at 13.7 billion dollars.

Now there I did have the chance to speak with alphabet CFO Ruth Poirrap.

She called this a noisy quarter in her words. She said there

were some unusual items. She pointed at $545 million expense related to a legal settlement in France also called out some

unrealized losses tied to certain venture investments though she

declined to say which ones. Switching gears a bit I asked her about

competition listen we just heard from Amazon.

They're burgeoning online ad business is growing very strongly.

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