Investors may be losing patience with the spend first strategy. Shares are tanking in after hours. Winning me in the studio is cory johnson and our Bloomberg News reporter who covers amazon. And a bgc partners technical analyst. Colin, shares are down almost 10 . What is your take . When the shipping is free, the profits dont come easy. Quarter forugh amazon and you are seeing a new pattern developing in 2014. Quarter, thent the stock has been trading often used to snap right back. It has been slowly grinding off and we have losses, close to 20 billion in revenue and you cant make money . For the september quarter, weve the juneger loss in quarter, so investors are getting increasingly concerned that even though we have revenue growth, these expenses are not going to tamp down and we are not going to see the leverage we once expected. Ask yet, theyve given amazon a free pass quarter after quarter. Is it the end or have they lost their patients . A newhas changed to trading pattern and
And intel, suffering off about 3. 3 . Beyond the do you, nasdaq, the s p and the russell 2000, theyre all higher as well, but basically kind of a quiet day. Modest gains for the market. Its the question just about every homeowner wants to know and wants to know often, how much is my house worth . Today, tomorrow, the next day. Well, google says it knows, and diana olick is going to tell us about that coming up. And the world series mvp gets a recalled pickup truck. And thats just strike one for gm last night. Well tell you the rest of it after an exciting end to the world series. Sue at the nyse. Hi, ty. We begin with a very big story in the corporate world. Tim cook says hes, quote, proud to be gay. Apples ceo coming out publicly in a Bloomberg Businessweek essay. Josh lipton is live outside apples hq in cupertino. Josh, over to you. Reporter well, sue, you know, tim cook values his privacy, doesnt typically look to draw attention to himself. But as you mentioned today, he made a very
Well bring you the latest on where things stand on that. And america loves apple again. Huge sales of the this weekend of the iphone 5s and the 5c. How did wall street get this one so wrong . The stock is up more than 4 since the september unveil of that product and up 8 in just the past week. Sue, meanwhile, is at the nyse and lets check in with here. Good to see you. Noticeably Stronger Security today because of the breaking news we start with from kenya. The kenyan army is attacking terrorists inside that nairobi mall. It has been three days since the initial attack on the crowded westgate shopping center. That mall right now is on fire. Eyewitnesses say it caught fire as the army tried to storm the building to kill or capture the remaining terrorists. The government says 62 people were killed in that attack by al shabaab, a group with ties to al qaeda. This is going to be video of what it looked like inside that mall saturday when the terrorists began that horrific rampage killing
Closing high. Tyler, just thinking about that, that was april 30th, our 25th anniversary and see if we can do it again today. I think the s p is trading at record high closing territory. Meantime, a heavy duty lineup on closing bell. Exclusive interviews with cant fitzgerald head and two friends who started with 200 have a brand worth millions. And will housing turn out to be a bad investment over the next decade . Kevin oleary says yes. Hes here to make the case that youre better off renting right now than owning a home and wait until you hear why. Heres where we stand in the markets. Tyler mentioned the dow is up a couple of points to 16,729. Still 15 shy of the record closing high. Take a look at the nasdaq which after underperforming for the last couple of sessions is trying to add 15 point today and the s p 500, keep a close eye on this one. The record high is 1924 just about, and were trading at 1926 right here with about an hour to go, tyler. Lets talk markets. Joining our Closi
The day today. Goldman sachs raised for example putting still dynamics to a buy from a sell. It shifted its rating. It was cautious originally but now the standout stocks that are worth keeping an eye on and buying as they say. Adam thank you, nicole. Lori a live look at the u. S. Attorneys office in new york where in moments they are going to unveil Insider Trading plea deal with sac capital capping a multiyear insidertrading probe. We will bring you this live. Charlie gasparino also on hand when the attorney general speaks. Adam we want to bring you the latest developments on blackberry. Dennis kneale has been covering this. Is this a surprise . Dennis it is a shocker. Now it was down 16 . The whole thing is what if they had a buyout and nobody even showed up . Those stocks selling off on that because the buyout is over and replacing the ceo. It is hard to think of a ceo who has performed worse. He bet on a touchscreen smartphone when the real keyboard was blackberry mainstay. He bou