Evening Scan

Thursday was earnings day with a hangover: Alphabet and ServiceNow are both staring down record one-day drops, even as the cloud numbers looked fine on paper. Wall Street's fastest firms are paying for first dibs on presidential posts.

24% — ServiceNow's drop on Thursday morning after its third-quarter earnings. (MarketWatch)

Microsoft just shared Azure's actual revenue in dollars: $33.2 billion

After years of reporting only growth percentages, Microsoft finally put a dollar figure on Azure, which is a flex or a pre-emptive explanation, depending on your read. (TechCrunch)

Sources: Bloomberg, Susquehanna, and Jump Trading signed up for Truth Social's fast API feed of President Trump's posts, paying $60K to $100K per month

The most expensive way to read a social feed just got a price list, and trading firms are lining up to pay it. (Reuters)