Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
Lemonis new york city has a ton of energy, and its always been a place for dreamers. But when you get on the ferry, and you land on Staten Island, it may be less hectic, but theres still a real sense of possibility. Its one reason that im excited about today. For two years, sammy lazoja has been bombarding me with emails asking for my help. Hes been hyping this restaurant and how unique it is. And how it sets the standard. But to be honest with you, its kind of ordinary. Sammy marcus. Its a pleasure to meet you. Lemonis are you sammy . How you doing . Nice to meet you. Sammy its a pleasure. Lemonis weve been emailing for what is it, two years now. Sammy two years. Lemonis . Youve been harassing me . Sammy marcus, this is my dream. This is this is it. Lemonis well, come around front. Sammy i originally did the buildout. I put a lot of my funds in here. I put my life savings in here. Lemonis how much have you put in . Sammy around 250,000. Covello sammy sammy this is my partner joe covel
The tools are not what i call battle tested. A some peopleing if amazon is a monopoly. The question for the democracy is, arwe okay with one company essentially winning capitalism . Jeff think about e call to break you guys up . Simply because the companys been successful doesnt mean its somehow too big. Narrator now on frontline. Na domion was very much the narrator amazon empire. Frontline is made possiblby contributions to your pbs station from viewers like you. Thank you. And the corporation for public broadcasting. Major support is provided by thn john dcatherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. And by the Ford Foundation n working with visionariese frontlines of social change worldwide. Additional support is provided by the abrams undation, committed to excellence in journalism. The park foundation,ca ded to heightening Public Awareness of critical issues. The hn and Helen Glessner family trust. Supporting trustworthy journal
To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
Employees. Bank of america and Morgan Stanley among big banks reporting. Dow component Johnson Johnson right here. Futures in the red. We are standing by for retail sales and jobless claims this morning at 8 30 a. M. Eastern. Stocks edging higher, Investor Sentiment over covid19 vaccine pushing markets into the green. The dow industrials up 227 points, nasdaq up 62 and s p up 29. The state of travel today airlines in the midst of a sharp downturn as pandemic fears keep travelers grounded at 7 30 a. M. Eastern ill be joined by ceo of delta edward bastian. Plus this, drink up, how moderate Alcohol Consumption can protect against cognitive decline. Mornings with maria is live right now. Maria european markets on the decline. Standing by for the ecb decision for the next hour, rates are expected to stay unchanged. Ftse 100 is down 36 points, new data this morning from the uk shows half a million workers were furloughed in the month of may. Thats in response to the pandemic shutdown. This m