Time. Its disheartening to wall street investors. I wonder at what point investors look back and say remember 2016. Remember that year when amazon was profitable for a whole 7 quarters. Im wondering how long you think aws and the prime revenue will be able to cover Everything Else theyre spending on. Well, jeff besos is a very restless entrepreneur. He is willing to have failures and he is willing to have successes as he is having right now in the content area. Hes going to double down in video content. Its the area everybody is growing into. Its hugely competitive and very extensive and hell continue to use prime and other things to attract consumers and dominate the retail landscape which he does right now. Amazon is still spending a lot. Its interesting to me, in q3 theyre going to open up 18 Fulfillment Centers getting ready for the holiday quarter. Thats three tiles more than they opened last year but at the same time theyre projecting this operating profit and they also talked ab
For not being a natural born citizen unless he cleans up his campaign. Day,l news 24 hours a powered by 24 hundred journalists around the world. Im mark crumpton. Im emily chang and this is bloomberg west. Coming up a rough ride for the markets. Tech stocks feeling the pain. Investors say valuations have further to fall. Why chi wants dude to bring back in stock. And Silicon Valleys attitude problem. First, to our lead. Another week of extreme volatility as companies adjust to a new reality. Triggerhappy investors are ready to sell on the slightest instability. Even socalled bangs stocks are not safe. Amazon and netflix among the biggest losers. Activision and pandora plunging off the back of their latest reports. How do we talk about what is going on in the markets . My guest host for the hour to discuss, keys rob y, and Paul Kedrosky in san diego and oliver new york. Oliver, what happened today and this week . As you pointed out, a lot more volatility in the markets. Seems like that
President ial candidates in both parties are campaigning in South Carolina. Former Florida Governor jeb bush is drawing larger than expected crowds. His Campaign Says that events are being moved to larger venues do to increase demand. Hillary clinton is also campaigning in South Carolina before attending a dinner event in minnesota along with Bernie Sanders. And donald trump has tweeted that he will soon sue ted cruz for not being a natural born u. S. Citizen unless he cleans up his negative campaign. Cruz does not ted clean up his act, stop cheating and doing negative ads, i have standing to sue him for not being a natural born citizen. Global news 24 hours a day, journalistsur 2400 around the world. Im mark crumpton. Emily im emily chang and this is bloomberg west. Coming up a rough ride for the markets. Tech stocks feeling the pain. Some investors say valuations have further to fall. We will discuss. Could Chinese Companies thats a higher ipo price at home than abroad . We asked why
Been chipping away at flash flooding jobs. Now automation robots may be coming to the csuite. I thought some of our ceos were robots, i dont know. You better be hoping theyre not watching. Its a tale of two economies right now here in the United States. The Consumer Holding up but not so much on the industrial side. Morgan brennan is taking a closer look at the socalled industrial recession and what that could mean for the overall economy. Morgan . Thats right. So as commodities continue to collapse, Global Growth weaken, and the dollar strengthen, energy, mining, and manufacturing all struggling. We have seen Companies Slash cap ex, jobs, and financial outlooks and now a number of experts ever warning a socalled industrial recession is taking root, including u. S. Steel ceo mario lo longhi just yesterday. Its happening, its not imminent. For us its more than a reseths. Steel has been hit especially hard. What executives call a decoupling from the economy. But there are several key eco
The latest on the ground in paris. Dow hanging to some gains. Largely on the back end of an upgrade. We are waiting for developments in french and paris. French prosecutors expected to have a News Conference at 1 00 p. M. Oorn time to give us some developments, some details on those raids overnight in paris. Michelle caruso cabrera, our chief international correspondent, has been on the scene all morning long and brings us the latest. Good morning once again, michelle. Hello, carl. That raid occurred on this street, the block that you see behind me. An Apartment Building down 300 yards from here where we are. It was a dramatic night for the residents in this neighborhood beginning about 4 30 in the morning they heard gunfire, explosions. It went on for several hours. When all was said and done, seven people were arrested. Two were dead, including a woman who had detonated a suicide vest upon special forces entering the apartment. She killed another man who was in the apartment as well.