Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

A monster night of earnings and some monster moves in the stocks.

Nearly $6 trillion worth of companies reporting tonight.

We are dialed into the calls or bringing you all the trades.

Plus, not ready yet.

Fed Chair Powell reigning in hopes that a rate cut is coming soon, taking a bite out of the markets rally, what he said and how markets should read into the action. And 10 years strong, Ethereum marking the milestone today as a crypto continues to rally. We talk with the co-founder, Joe Lubin, about what is next. I'm Melissa Lee. Come to you live from Studio B at the NASDAQ on the desk tonight. Karen Feinerman, Dan Nathan, Guy Adami, and Michael Cantopoulos, Deputy Chief Investment Officer at Richard Bernstein Advisors. And we start off with that monster night of earnings, Microsoft, meta, Qualcomm, and more reporting results in just the last hour. We've got full team coverage breaking down all the numbers. Julia Borson's watching Meta, Christina Parts and Nubliss got the details on Qualcomm. Phil LeBow is driving into Ford,

but we start off with Steve Kovac, who's dialed into Microsoft, which joins NVIDIA in the

$4 trillion club with its after hours move here. Steve.

Blockbuster report, Mel, just beats across the board on all the metrics that we pay so much attention to.

And Microsoft disclosed Azure Cloud revenue for the very first time.

We'll get to that in a second.

But first, revenue beating expectation and is up 18% year-over-year to $76.4 billion.

EPS was a beat as well.

And Azure growth smashing expectations up 39%.

Street wanted to see it up 34.4%. And Azure, for the first time, like I said, full year 2025 fiscal

year sales, more than $75 billion, Microsoft saying that's up 34% from fiscal year 2024. This is the first time Microsoft

has disclosed that, and it seems like that's going to be a new annual cadence for that

big Azure number. As for CAPEX, for the quarter that just passed, a bit over $24 billion.

But on the call, we're going to get our first look at CAPEX expectations for

fiscal year 2026, at least for the current quarter if you want. We can multiply that by four

and get a little bit of an idea what the next fiscal year of CAPX spending looks like for

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