10AM Hour: Alphabet Shares Plunge Post-Earnings, Ares Management CEO Michael Arougheti, Doordash Delivers a Deal 10/29/26
Summary
This episode examines the economic impact of AI capital expenditure, noting that soaring spending is driving inflation and GDP growth while fueling market anxiety. The hosts discuss Alphabet's sharp decline due to search monetization concerns, Microsoft's strong cloud results, and ServiceNow's significant drop, alongside Caterpillar's stock slide despite solid earnings. An exclusive interview with Aries Management CEO Michael Arrieta covers record fundraising, private credit trends, and data center financing strategies.
Topics discussed
Sponsors: Schwab Market Update and thinkorswim
Preview: Aries Management interview and stock movers
GDP and PCE data: AI CapEx and consumer spending
Fed policy: Inflation, rates, and Warsh's stance
Market reaction to credit tightening and AI CapEx
Tech earnings: Microsoft, ServiceNow, and Alphabet
Alphabet: Search growth and AI monetization concerns
Microsoft: Azure growth and capacity delays
ServiceNow: Stock drop and AI investment strategy
Preview: AI trade concerns and Aries Management
Sponsors: VantageScore and LinkedIn Premium
Caterpillar: Earnings beat but stock pressure
Economic limits: CapEx constraints and inflation
Outlook: Growth risks and AI disruption
Sponsors: Monday.com and Schwab recap
DoorDash-Instacart deal: Antitrust and market impact
Thrive Capital take-private deal and private credit
News: Alaska election probe and Meta safety alerts
Interview: Aries Management CEO on credit and AI
Cyber sector: Fortinet results and options flow
Eli Lilly: Earnings beat and obesity drug demand
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