Kevin Green addresses the September PCE print and the Fed's ongoing inflation fight after it paused interest rates for October. GDP's uptick offered a pillar of support for the U.S. economy, though KG points to the AI buildout as a lingering question mark for future growth. He notes the "historic" drag Alphabet (GOOGL) is creating for the communications sector after it posted a double miss in earnings. KG makes the case Alphabet is "cannibalizing its business to a point" in search and ads while cloud revenue surges. Microsoft's (MSFT) post-earnings pop also retreated soon after Thursday's opening bell.
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