And a 2020 launch. Facebooks Cryptocurrency Libra is set to debut next year. We will hear how the head of libra and the facebook coo touted this big promise. But first our top story. Recordbreaking sales for amazon. The ecommerce giant posted its largest advance on the s p 500 index on thursday. Amazon didnt release specific sales figures, but the statement backs up broader reports that Online Shopping picked up this year. I want to bring in spencer and darren baker. Spencer, talk to me about what we learned from amazon this holiday season. Spencer in terms of their statement, we didnt learn much. Every year is another record for amazon and ecommerce. What we did see was that this was the first year, one that they rolled out their oneday shipping pledge on millions of items, and that they handled so much of their own delivery on their own. I think a little bit of the boost is that amazon got through christmas without any disasters. Everyone was wondering how they would do this year. Ta
Libre is set to debut next year. We will hear how the head of libre and the facebook coo touted this big promise. But first our top story. Recordbreaking sales for amazon. Posted itsrce giant largest advance on thursday. Amazon didnt release specific sales figures, but they say it backs up broader reports that Online Shopping picked up this year. I want to bring in spencer and darren baker. Spenser, talk to me about what we learned from amazon this holiday season. In terms of their statement, we didnt learn much. Every year is another record for amazon. What we did see was that this was the first year, one that they rolled out their oneday shipping pledge on millions of items, and that they handled so much of their own delivery on their own. I think a little bit of the boost is that amazon got through christmas without any disasters. Everyone was wondering how they would do this year. And darren, every year is a record year. Is amazon just riding the wave of ecommerce or are they doing
Continues to pose risks. But first, our top story. Mark zuckerberg will get a firsthand look at the growing opposition to facebooks plan to create a cryptocurrency. He will testify october 23. The hearing will examine facebooks impact on the financial and housing industries. My first question is, how significant that it is zuckerberg . It is very significant. Anytime the ceo testifies, it is a big deal. I was there in april of 2018 when he last testified and it was a total zoo. Everyone wants to see him and asking questions. I imagine this will be the same. I know they had been trying to get sheryl sandberg. We wrote about that a couple of weeks ago. It looks like they got someone even better which is her boss. Taylor what do we know about the content of the hearing . Kurt this committee focuses on financial services. They also do housing staff. Stuff. Accused withbeen issues around its advertising businesses. People are being discriminated for housing related issues. I imagine that wi
Zuckerberg describes libra as complex and risky. More on his testimony effort of a House Committee wednesday on capitol hill. Plus, tesla reports Third Quarter earnings and shares spiking on a surprise profit. We have the latest. And cloud carries clout. Microsoft First Quarter revenue beats the highest analyst estimates. Demands come in strong but may be waning. We will explore. First, to our top story. Facebook Ceo Mark Zuckerberg fielded questions from the House Financial Services committee on merits of its plan to establish its own digital money called libra. While he struggled to convince them of facebooks plan, he did share one major view with lawmakers. Mark this project is too big for any one company to do on its own, which is why we set up this independent Libra Association with other companies and nonprofits. It is a very complex project. As you say, it is risky. Taylor for more, we head to washington, where our own kurt wagoner was standing by. Whats your first takeaway . Ku
Quarter earnings and shares a spiking on a surprise profit. We have the latest. Cloud carries clout did microsoft revenue beats the highest analyst estimates. Demands come in strong that it may be waning. We will explore. First, to our top story. Mark committee on merits of its plan to establish its own digital money called libra. While he struggled to convince them of the plan, he did share one major view with lawmakers. Too big forect is anyone company to do on its own which is why we set up this independent association with other companies and nonprofits areas it is a very complex project. As you say, it is risky. For more, we had to washington where our own reporter was at the hearing. Whats your first takeaway . People still do not trust facebook. That was the overarching theme from the questions we heard today. A lot of the feedback from members of congress was basically pointing out that things that facebook has done wrong in the past and asking given your track record, why shou