helping his son obtain a gun? breaking news: derek chauvin sentenced: a federal judge gives the former officer 21 years for violating george floyd s civil rights. remembering a hollywood icon: the godfather star james caan dies after a six-decade career. cbs carter evans has a story about why you could see lower prices on your next purchase.xt. and honoring great americans: the 17 civilians awarded the presidential medal of freedom at the white house. this is the cbs evening news with norah o donnell, reporting from the nation s capital. duncan: good evening, to our viewers in the west, and thank you for joining us on this thursday night. i m jericka duncan in for norah. tonight, british prime minister boris johnson is stepping down following months of scandals, but he s not leaving right away. the embattled leader says he will stay on until his chosen successor comes in setember. his three years in office very plagued by controversy including his handling
Eye to eye on a lot of things and some of the guys not happy with the president after he pulled out of the Paris Climate Accord and many other things. Contentious may be an understatement, but were all over it. Your money, it looks like youre going to be making money this morning, all major indices looking higher. This is what youre looking at the dow 30 minutes before it opens, it will open at a new alltime high, and a big stock story that were following for you, of course, that blockbuster deal announcement, amazon buying whole foods and both stocks soared on the news and jeff bezos 5 billion away from being the richest man in the world. A big day for politics, a big day for your money and weve got you covered. Varney company starts right now. All right. Lets get down to the london van attack. Liz the latest now, it could be ten injured and two injured and by the way, one person dead. Two of those injured have been injured quote, seriously. It happened after midnight june 19th. Two m
One of our producer bought sun glances at 20 off with a 20 cash back because he used his amazon credit card. Another bought a coffee maker, didnt need it, but couldnt resist half price. And it does match the new back splash in the new kitchen were told seriously. Amazons impact is dramatic. Shopping malls, Grocery Stores have taken a big hit. Now, we hear that Department Stores are discounting cosmetics because of amazons price competition. Look at the stock, opening today. Right around, pretty close to 1,000 a share. That means, amazon has a market value approaching a half trillion dollars and founder jeff bezos is worth nearly 81 billion. Another one of my colleagues is laughing, but theyre all over laughing. Wait, didnt buy anything . No, we think one of the producers bought womens glasses, a guy. Eric. Stuart and amazon is so powerful and disruptive there will be calls to rein it in. Right now, its riding high. Dare we call it the most Important Company in the world . Im going to.
They are missing the point. Microsoft has just confirmed that American Technology rules. The big five have the ideas, the profit and the growth. And, you know, that might be a problem for one of the big five, amazon. There are report that is the government is checking their prices. Are they really discounting . Thats a small scale investigation, but it may be the start of a pushback to the extraordinary power that amazon has acquired. In a moment, the full story on tech and the presidency on brink of a big win or a big fail. The friday edition of Varney Company can is about to begin. Stuart oh, look at the futures. Were down 50 points at the opening bell, 28 and a half minutes from now. Well check that market when it opens. Oh, dear. I told you a moment ago that microsoft reported stellar profits, and so they did. But the stock price is slipping a little after a big runup when the results were first announced. Profit doubled the, the Cloud Business took off, and were going to try to fi
And jubilant democrats celebrate their win, senators warren and schumer do a gleeful selfie. Thats the political state of play. Not good for the gop or the trump presidency. Another news development. The economy is expanding very nicely. Between april and june, we expanded at an annual rate of 2. 6 , way better than the 1. 3 gain in the first three months of the year. The obvious questions, how to react to the political mess, the economys improving performance and perhaps most importantly, amazons profit decline. Stay right there, please. All will be revealed. Varney companys about to begin. Stuart all right. Friday morning, in 29 minutes we open this market, and im going to start with the news on the economy again. Gdp growth, 3. 6 2. 6 percent annualized in the second parter of this year. Quarter of this year. What kind of growth rate would we get if the republicans got out of their own way . 4 . It is encouraging that were growing a little bit better than europe or crab grass right