Morning Brief anchor Julie Hyman breaks down the latest market news for October 31, 2025.
Amazon reported the fastest cloud unit growth in three years. CEO Andy Jassy touted the prospects for AWS (Amazon Web Services) and spoke about AI’s impact on the company’s businesses. The power capacity for the AWS data center fleet has doubled since 2022, and Jassy said he expected it to double again by 2027.
Apple forecasted a strong holiday season for sales, underscoring that the company’s flagship product, the iPhone, remains a strong growth engine. Apple’s lineup of phones remains its biggest moneymaker, accounting for half of its revenue. The Mac and wearables also performed better than anticipated.
Exxon and Chevron reported better-than-expected earnings results.
Oil production increases helped the companies outperform in the most recent quarter.
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