The companys earnings fell short of wall street expectationss its heavy investments cut into the profitability. They have been spending on oneday delivery to Cloud Business and Advertising Sales force as well. The good news is revenue grew at a healthy clip, but wasnt what analysts were looking for. Josh whitman takes a closer look at amazons quarter. Reporter good quarter, bad guide. Thats how on lists are describing the latest Earnings Report, specifically of the companys g 4 forecast disappointed analysts calling for 80 billion to 86. 5 billion. Jeffrey says thats critical. G 4 is the big quarter, the holiday quarter, though he does caution amazon is conservative in its forecast. He also notes the company is back in investment mode, spending to bring oneday shipping to its prim members and its weighing on the bottom line. Josh whitman, san francisco. Lets push to tom forthey to learn more. Hes a Senior Research analyst. Toto welcome, nice to have you here. Thanksor having me. I dont
Today. Retailers helped lift investor sentiment. Yes, retail. That same sector thats been struggling to keep up with fastchanging consumer behavior. Four of the five best performing stocks in the s p 500 today were retailers. Then theres the bd market. The yield curve inverted for the second time in a week. Late today t t yield on tenyear treasury bond dipped below the twoyear yield. That also forecasts a recession, and thats when it happened last week the dow fell by800 points, but not today. This time stocks held on to their gains. Fact, the dow was up more than 240 points. It closed at 26,202. The nasdaq was up 71 and the s p added 23. Ail so lets start with r and targets surprise quarter. The big box retailer blew past every wall street estimate focast thrown at it, and thats not something that you hear very often when it cometo retail, which has seen a number of Traditional Stores struggle to figure out whatsu crs want. Target soared 20 , its best n oneday g ever. Its market cap i
Very clear to me i hope its clear to you that selling into the teeth of the sell off early this week was a big mistake. I said so at the time and im saying it again because it is that important in fact, tonight i want to go one step further and immunize you against false fears, thats right, false fears that cause so many people to panic over the past few days. I have to go back to history i think it was an f. D. R. Moment where the only thing you had to fear was fear itself so many of these worries were totally groundless those fears set up the situation we havent seen since the many bear market bottoms in december. We had negativity as recorded by the Investors Intelligence index. Dramatic drop from bullish sentiment, bears rising. Those were negative readings when you see those kinds of numbers, its a reason to buy, not a reason to sell why . Because when you get numbers that weve had in the last week where all the weak handed bulls have turned bearish, that means there is no one lef
A deep division among the Democratic Party in the United States right now and thats one of the things that voters will have to decide on whether or not they want sort of some of the canvas to represent the further left wing of the Democratic Party the progressives or some of the more moderate centrist typically what you would see of the Democratic Party in recent years so this is the fissure that was exposed but it was very heated very passionate sort of on the issue of race on the issue of Border Security on the issue of the war in afghanistan there were some real policy differences very passionate debate and we expect that combative nature to continue in the 2nd round this evening yeah as you say kimberly we have round 2 which starts in a few hours time joe biden of course were trying to fend off camera as cory booker so just talk us through what we can expect in some nights debate. Yeah well 1st of all the way theyre standing on the stage may be a little bit difficult for joe biden
Points you were talking about down about 1. 8 for the dow and s p, down 2 for the nasdaq s p indicated up by 7 points this morning nasdaq indicated up by 30 points overnight in asia, some weakness in stocks there, too probably started by what happened here. The nikkei actually ended flat the hang seng was off by three quarters of a percent. The shanghai was down 0. 8 in europe, where there is active trading taking place at this hour, you will see there are green arrows across the board. The biggest gainer of the three major averages is the cac up three quarters of a spent. More modest advances for the ftse and the dax treasury yields will be watched closely. Treasury yields went into a free fall on the feds report yesterday or the idea that it would be one and done. You can see the tenyear barely held on to a yield of 2 that was the weakest level in three weeks. This morning trading back to 2. 04 . There were two key words that sparked a strong reaction from the markets and President T