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Good morning from the newsroom of the Financial Times. Today is Friday, October 26th, and this is your FT news briefing.

Today, we'll be looking at disappointing growth projections from Amazon and Snap and the

unmasking of a billionaire retailer accused of racist and sexual harassment.

Then we'll see how the White House is responding to a group of Central American migrants headed for the U.S. border.

Plus, ahead of Brazil's second round of voting on Sunday, we'll take a look at the expected presidential winner,

and why some fear he might mean the end of Brazilian

democracy.

I'm Eric Krupke.

And I'm Lila Raptopoulos and here's the news you need to start your day. The NASDAQ rebounded almost 3% yesterday in New York

trading, pairing back some of the loss it suffered on Wednesday. But the rally

came just ahead of third- quarter results from Amazon, Alphabet and Snap, which all reported after the bell.

Amazon blew past expectations on earnings for the second consecutive quarter, but said their expected net sales in the fourth

quarter would only grow between 10 and 20 percent year on year. That's below Wall Street's

forecast, which was 22 percent. The holiday shopping season is crucial for

retailers and shares in Amazon dropped as much as 9% in after-hours trading.

And Google's advertising business grew less than expected in the third quarter.

Revenue growth slowed to 21% down from 26% last quarter.

Google's parent company, Alphabet, also reported a jump in costs and capital spending.

Alphabet shares were down by almost 5% in aftermarket trading yesterday.

Snapchat's parent company reported another drop in daily users and said it expects further declines before the end of the year.

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