11AM: Alphabet Plunges After Earnings, Shell CEO on Q3 Results & Thrive Holdings Partner on ADT Deal 10/29/26
Summary
This episode covers Alphabet’s significant stock drop following weak earnings and rising AI cannibalization concerns, alongside a preview of Amazon’s upcoming report. Guests include Citigroup’s Heath Terry on AI infrastructure trends, Thrive Capital’s Karim Zaki on the $7.6 billion ADT acquisition, and Shell CEO Wael Sawan on record profits. Former Atlanta Fed President Rafael Bostic also discusses the Federal Reserve’s recent policy decisions and the ECB leadership transition.
Topics discussed
Sponsor segments: Chase and Schwab
Market preview: Shell earnings and ADT acquisition
Alphabet earnings miss and AI search cannibalization concerns
Amazon earnings preview: AWS growth and CapEx outlook
Market volatility and rotation into healthcare and AI adoption
Fed meeting analysis: Dissents and transparency issues
Investment strategy: Quality factors and profitability spreads
Sponsor segments: Vantage Score and YouTube Premium
Stock movers: Sprouts decline and Crocs 52-week high
Interview: AI infrastructure trade and token price dynamics
Upcoming segments: ADT deal and Fed reaction
Sponsor segment: Schwab Market Update podcast
ECB leadership transition and Christine Lagarde's departure
Interview: Rafael Bostic on Fed patience and inflation
Interview: Thrive Capital on ADT acquisition and OpenAI
Interview: Shell CEO on record profits and energy security
Market wrap-up and legal disclaimer
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