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Amazon and Google made Wall Street really, really happy | Recode Daily: July 29, 2016

Google did fine, but Amazon hit it out of the park.

Asa Mathat

.Amazon recorded its fifth consecutive quarterly profit and its third straight record-setting profit. Amazon Web Services, the company's cloud computing division, is basically minting money at this point: The unit accounted for 56 percent of Amazon's operating income, and it grew 58 percent in the last quarter.
[Jason Del Rey | Recode]

.Google parent company Alphabet also had a good quarter, beating Wall Street expectations on the growth of its non-advertising business, which grew 33 percent. Like Amazon, a lot of that money is coming from its cloud services division.
[Mark Bergen | Recode]

.Hillary Clinton is officially the Democratic nominee. She gave a long speech last night that included lines meant to win over everyone from Bernie Sanders supporters to disaffected Republican voters. The election is in 101 days, and her first debate against Donald Trump is in 60.
[Patrick Healy and Amy Chozick | The New York Times]

.Yahoo is officially part of Verizon, and Marissa Mayer won't be there too much longer. On the new episode of Too Embarrassed to Ask, Lauren Goode talks with Kara Swisher about Yahoo's long decline and what the next stage of its life will look like.
[Eric Johnson | Recode]

.Apple has hired Dan Dodge, the guy who used to run BlackBerry's automotive software division, to join its own car effort, Project Titan. Cupertino is also reportedly changing its strategy, focusing more on self-driving software and less on building its own electric car.
[Mark Gurman and Alex Webb | Bloomberg]

By Ina Fried
The company has now shed nearly all of the Nokia mobile phone business that it acquired in April 2014.
By Noah Kulwin
It’s Apple’s first retail location in the borough of 2.6 million people.
Recode Decode
By Kara Swisher
The hit Broadway musical is not coming to virtual reality any time soon.
By Mark Bergen
CFO Ruth Porat gives the unit a shout-out.
By Jason Del Rey
Uber wants to be everywhere, which increasingly means being in other apps.
By Mark Bergen and Noah Kulwin
Both revenue and losses increased a bit.
The Verge's Emily Yoshida talked with director and famed curmudgeon Werner Herzog about film school, Pokémon Go and a bunch of other stuff. It's a hysterical interview. Observe: "When two persons in search of a Pokémon clash at the corner of Sunset and San Vicente is there violence? Is there murder?"

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