Alphabet's cloud revenue grew more than 80% year on year and the stock still dropped 3%. Tesla burned cash too, positing its first negative free cash flow in over two years. And with Houthi militants now forcing Saudi tankers to turn around in the Red Sea, oil is pushing toward $100 a barrel - giving the ECB a headache it wasn't expecting today. Today’s recommended read: America's 'mass affluence' is bigger than you think, Mike Dolan Subscribe to Mike Dolan's Morning Bid&newsletter,&and check out his columns on&Reuters Open Interest. Read more from&Amanda Cooper&and&Anna Szymanski Produced by Eliza Davis Beard and Abisoye Osundairo Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
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