Other advertisingbased names like werner, disney and the growth broadly. Tgif what an epic week. We start our show with amazon shares they are surmging after reporting better than expected q2 results painting a bright picture against the macro back drop. Basic Consumer Spending has remained strong. Management adding overcapacity concerns something that dragged down the stock in the first half of the year are now being solved. They do warn, however, inflationary pressures remain and could be strong in q3. A negative on the quarter, amazon taking a 3. 9 billion hit on its investment in rivian which resulted in 2 billion but there was a 12 billion gain a few quarters earlier this is basically the ceo saying, he knows this playbook he watched jeff bezos, figure a lot of the stuff out amazon went from one of the worst performing mega caps this year to maybe in the best position for the second half of the year and i have to give you credit when a lot of the street was getting bearish on the
Investor john calamos here with his take on what investors should be doing right now. Could apple help pull this market out of the funk. Apple due out with earnings at 4 30. Well have the crucial numbers the moment they cross with the analysis they need. Apples results will be watched closer than ever. Regardless, it will have a huge impact whatever apple does because of the size of that company. It will have a big impact on markets tomorrow. Lets look again at this hour of where we stand. The tenyear u. S. Treasury yield is pretty flat. As a result earnings moving the indexes to some extend. We have caterpillar contributing in the range of 40 points to the dow which is up 47 at this hour. Take a look at the nasdaq. This the underperformer today and its the social media names which we have to watch. Its off about 0. 4 or 16 points. And the s p 500, as mentioned, is fighting to return to positive territory. You can look there at the chart and see this turnaround weve had since midday. L
Megan hughes looks at how the faa is to dealing with drone mania. Ons begin with peter cook the Marijuana Industry and new guidelines from the department of justice. Good afternoon. Good afternoon. This is another step forward to legalize marijuana use in the United States, specifically in the state of colorado and washington, which have allowed for the Recreational Use of marijuana. The federal government, the Justice Department and the Treasury Department possible euro of crimes enforcement are releasing guidelines to banks in those states that would allow actually provide services to marijuana businesses, to marijuana customers. Federal government still views marijuana as an illegal substance, treated that way although these laws have changed and those businesses in colorado, the only place where you can actually buy marijuana, for Recreational Use, those businesses have not been able to bank with anyone. They have been cash only business is because the federal banking laws against
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1420 GMT - Softcat s shares could do better than the market thinks, Citigroup says, increasing its recommendation on the IT infrastructure and services provider to buy from neutral. The company s.