S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
Data, that amazon does not use that data for its own benefit, and im now hearing you say, well, youre not so sure thats going on. And the issue that were concerned with here is very simple. You have access to data that far exceeds the sellers on your platforms with whom you compete. You can track consumer habits, interests, even what consumers clicked on but didnt buy. You have access to entirety of sellers pricing and inventory information past, present and future, and you dictate the participation of thirdparty sellers on your platform. So you can set the rules of the game for your competitors but not actually follow those same rules for yourself. Do you think thats fair to the mom and pop thirdparty businesses who are trying to sell on your platform . I appreciate that question, and i like it a lot because i really want a chance to address that. I am are proud of what weve done for thirdparty sellers on this platform. We started our thirdparty platform 20 years ago, and we had zero
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Sources tell me that the person who rented the home from airbnb, falsely told that they needed to escape the fire, the kincaid fire. The owner headband the parties of more than 12 people. More than 100 people were spilling out on the streets in a city that is not used to such violence. Quiet and peaceful. This is the last place that i would never expect Something Like this to happen. Reporter in a statement airbnb says that they have taken action. That their thoughts are with the loved ones of the victims. Reporter neighbors had previously complained about the parties, transit parking issues. The city manager tells us that the owner handle those issu ktv the seat of the crime has been full of activity all day long. Paul chambers has this part of our coverage. We video chat about four times. Reporter he is talking about his son. The 24yearold is one of the people injured in the shooting at the home in orinda thursday night. He was in the wrong place at the wrong time. I dont like it and
Out of gilroy, brakes lights. Were seeing the slowest speeds there in to mojgan hill. Expect that this morning. On 101 you wont have any delays into san jose and no accidents in the south bay right now. Not the case for the eastshore freeway. Were getting first reports of a trouble spot. It is eastbound 80. It is a noncommute direction. Not a lot of delays but the two left lanes are blocked and a surface street problem traffic hazard here. We have an oil spill in the lanes there on surface streets. Bay bridge metering lights are on. Youre just beyond the 880 overpass. Looking okay there. Developing news this morning. Contra costa county several people are dead after a Halloween Party. Lets get to jackie ward who has the latest from police in orinda. Reporter were in the hills of orinda right now and i know it is dark but i want to show you where they have been focusing their attention on. Along, sleep steep driveway, and four people dead and several others injured. A Halloween Party wa