The start of Thursday's session took a sharp downswing as Microsoft (MSFT) drags down Big Tech following the first round of Mag 7 earnings. Kevin Green talks about the divergence between Microsoft and Meta Platforms (META), along with the role "light revenue" plays in the downturn. One place he's not seeing cracks: the jobs market, as he takes investors through the latest jobless claims print. KG later turns to the commodity space in crude oil's rally.

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Chris Capozzi, CFO of Ethos Technologies (LIFE), discusses their IPO and the life insurance business. With Ethos, you can buy life insurance “in ten minutes,” with no medical exam, with the ease of “buying a plane ticket.” They have one of the largest “buy boxes” in the industry, and he explains how this lets Ethos cover a wide variety of applicants and policies. Chris explains how AI is helping them transform the industry.

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It's not just Mag 7 earnings moving markets Thursday morning. Diane King Hall points to IBM Corp. (IBM) rallying toward all-time highs after its strong report. Sticking with tech, Lam Research (LRCX) tapped record highs thanks to the AI boom. Royal Caribbean (RCL) continues to weather consumer uncertainty, with Diane noting demand 's lasting strength.

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Markets continue to break down Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) earnings after all three Mag 7 giants reported Wednesday evening. The first of which has the lone down arrow ahead of Thursday's session. Kevin Hincks explains why the numbers in Microsoft's report were "pretty solid" even though the trading action suggests otherwise. On the Fed, Kevin talks about the impact jobs data had on the FOMC's perspective.

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Kristina Hooper reviews the latest economic data and earnings. She notes that according to a recent survey, many CFOs are not seeing return on AI capex, which could signal a potential slowdown in adoption and spending. She thinks that’s behind Microsoft’s (MSFT) drop today. “A lot of her thesis” for markets rests on valuations, which are stretched in the U.S. Abroad, increased spending from the EU provides opportunities. She’s also “excited” about Asian emerging markets.

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Ahead of Apple's (AAPL) earnings report after Thursday's close, Rick Ducat provides the latest chart patterns to pay attention to on the iPhone maker's stock performance. He looks at the "sideways" trends in exponential moving averages and examines the 5% pullback in Apple shares so far in 2026. Later, Tom White maps out an example options strategy for Apple, utilizing a call diagonal trade with a bullish stance.

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Noah Yosif analyzes the latest jobless claims data that shows a slightly higher number that Street expectations and continues his belief that the U.S. is maintaining a "low-fire, low-hire" environment. "If you're fortunate enough to have a job, you're probably fortunate enough to keep that job," he adds. Noah adds the impact of potential rate cuts on employer's bottom line as well as the rise of AI use and its impact on productivity levels.

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Ivan Feinseth takes investors aboard the latest Royal Caribbean (RCL) earnings ride. While he notes the mostly in-line earnings, Ivan says the per-passenger revenue figures going up alongside a continuing demand for travel experiences will keep the overall cruise space chugging along. Ivan also adds the rise of online booking for Royal Caribbean for both short-term and long-term travelers. He addresses the ongoing rollout of new experiences for the cruise industry, including increasing access to private islands.

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"VIX up, equities up" is something to keep on the radar today, says Kevin Green. He dives into the premarket trading activity to highlight several indicators on his watch list. Meanwhile, he dives into the earnings reports for a pair of Mag 7 names going in different directions to start the day. To the upside, Meta Platforms (META) after its massive capex spending guidance. And, to the downside, Microsoft (MSFT) which KG believes could be getting hit thanks in part to mostly in-line Azure cloud growth. For today's trading range on the S&P 500 (SPX) he's watching 7030 acting as upside resistance, with 6940 a level to watch to the downside.

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Kevin Green and Alex Coffey join Marley Kayden and Sam Vadas for an in-depth earnings breakdown from some of the biggest names on the Street. It was a mixed message from Microsoft (MSFT) as KG goes under the hood on the company's cloud business. Meanwhile, Meta Platforms (META) guided for capex spending in the year ahead between $115B-$135B which caught the attention of investors in the after-hours. The story from Tesla's (TSLA) report also pointed to infrastructure investments in the U.S. with additional plans to invest $2B to buy preferred shares of xAI. Shares of IBM Corp. (IBM) popped as its AI exposure helped drive it to a top & bottom line earnings beat. Alex notes IBM's full "billion dollar increase" in cash flow guidance will potentially help the company continue growth in the AI space.

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