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Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so

Sundar Pichai
Google CEO Sundar Pichai.

Everything you need to know before you reach the office this morning.

Good morning. On Fortune’s radar today:

  • Google booked the biggest profit in history—and Wall Street hates it.
  • Markets: U.S. futures decline as Middle East conflict worsens.
  • GE was a mess. Larry Culp tells us how he fixed it.
  • Iran: The war is getting worse.
  • Analysts are thinking the unthinkable: What if Trump cannot win in the Gulf?
  • Chart: The precipitous decline in U.S. immigration.
  • The incredibly complicated rules for drinking the “right” amount of coffee.

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This story was originally featured on Fortune.com

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