Amazon big quarter josh lipton live in san francisco. Besides the bottom and top obviously investors concentrate on the q 4 guided are guidance light. Between 86 and 86. 5 billion. Obviously for investors thats critical q 4, the Holiday Quarter dy just have a call with amazon cfo brian osafe ski. There are onetime items he mentioned weighing on q 4. He mention add consumption tax kicking in japan, from 8 to 10 . That created prebuying in september having a net negative impact in q 4. But the central question for investors is going to be the bottom line guidance well below what the street was looking for. On the call he fielded a lot of questions about that is it all oneday shipping he made it clear they are in investment mode and do believe where they need to be. They believe there is cost in the short run. He believes thats where amazon needs to be and there is evidence he says its paying off. Good increase in purchase behavior from prime members. Theyre buying more products, more oft
The other kind of baby i love my kids, but i especially love them now that they are adul adults this market is not an adult. Its a whalie wailing crying in. As it gets its way, its never content. After a day where the averages seesawed up and down, a classic past time for small children with the dow slipping 121 points and s p declining and nasdaq shedding 4. 3 , what does this darn baby want whats the pacifer that will smash your stocks . This is not an ordinary baby its like a bear cub and cant be separated from his mom. There is one thing that could be the stock markets mommy, the larger more important bond market when bond yields go down, the cub cries. [crying] because bond yells are viewed as a sign that the economy is slowing. And for a baby, thats pretty good logic, historically rates go down during a recession it doesnt matter how many times we demonstrate the u. S. Economy is doing just fine doesnt matter if the big retailers and Home Builders and talented ceos say business i
Also want to thank the witnesses for being accommodating knowing vote scheduled interfered with the original hearing schedule and accommodating us today. The topics covered in this hearing and i said this previously are not necessarily what is going to make cable news every night but incredible importance when we think of how best to serve the United States of america, our interests and Foreign Policy and the foundation for any real Successful Organization always starts with the right people and make sure they are equipped with the right resources and ability to do their job effectively. I said multiple times previously and want to reiterate we are proud of the men and women that serve us in our diplomatic corps overseas and in Development Work around the world and these are patriotic americans. I once again want to reiterate the work of how important it is for foreignpolicy and american strength. The last few months as subcommittees chairman i had the pleasure of meeting with many ind
The euro is trading lower, we had the ecb yesterday, down. 1 . This is the dollar versus the rent, but when it comes to the dollar versus the rand, moodys, the last country to have an the last company to have an Investment Grade on south africa, this Investment Plan doubles the investment to appropriations to that company, could end up being credit negative. A big move on the south african rand. Slowing in the First Quarter, but not as much as analysts expected, with the headline number for consumer spending, pushing gd pregrowth gdp growth to 2. 1 . Discuss here to discuss is our chief bloomberg u. S. Economist. Core pce was disappointing, and the deflator as well. That definitely tainted the report slightly, but what i think is most important at this point, the economy is growing above trend, right . Bettercent growth is than the feds long run estimate of 1. 9 growth. If you are growing at that pace, that tells you although there is not strong pressure on the economy, you will see Un
Were talking about other cloud plays on the horizon the Halftime Report starts right now. Great to be with you on this friday, your investment committee, joer er ijoe, john,y young, senior Portfolio Manager with young and associates at morgan still is larry fink right . Are investors not being aggressive enough right here, serrat with markets on the precipice of a fed rate cut . I think right now its fair to say we are properly valued. I dont think you want to be more aggressive going to the markets. Earnings are coming down we have a lot of uncertainty stocks have had a great run, plus 20 there are opportunities. I like a barbell approach on investing, where theres growth and value but going full force into the market is a little scary. Theoretically if rates come down, doesnt that make valuations more attractive, more acceptable to have higher valuations youre factually correct and discounted cash flows. I sense a but coming. But but b not a but, a distinguished perspective. From a f