 We're at a spin-off YouTube. Needham says YouTube's standalone value would be more than half its value inside Alphabet. On Wall Street, more records for the Nasdaq and S&P as all three averages gained about two-tenths to nearly one percent. After the June jobs report fueled hopes for interest rate cuts, that's even with 206,000 jobs created last month. The Dow rose 68, the Nasdaq 164, the S&P 30. From the Bloomberg Newsroom, I'm Joan Doniger on WTOP.