2. 25. And oil, as you see, still below 50. A move made this week as we watched the commodity complex come down across the board. The road map starts with amazon overtaking walmart in market cap after reporting a surprise Second Quarter profit. The shares up 20 in the premarket. Star bucks shares also higher ahead of the open. The coo told jim last night. And anthem agrees to buy cigna. The price and the release is 188 a share. In reality, its a bit less than that. Well get to that deal. We begin with amazon reporting a Second Quarter profit of 0. 19 a share while wall street was expecting a 0. 14 a share loss. Sales up 20 . That was up by strength in web services. Shares of amazon surging in the premarket putting the market cap above that of walmart and making founder and the ceo about 7 billion richer. Thats right. 7 billion more just from the move up. Thats a side show. The main show is the numbers themselves. This Company Getting rewarded perhaps like no other for Revenue Growth. M
Alphabet. Well explain. A surprised evaluation of chinas wand sending it to new multiyear lows against the dollar. And shake shack, the company Beat Estimates and boosted guidance. First google creating a new Holding Company called alphabet which will become the parent of google. The google unit will include youtube, android and ad sense while nest, and Google Ventures will be the other ventures within alphabet. Alphabet will replace google as a publicly traded entity. Ticker symbols will remain goog l g oog. The Washington Post is calling this almost unprecedented, a General Electric for the digital age. People at home are going to be confused. It does matter. The price to earnings multiple has been controlled by a mishmash of company. If you could see the profitability broken out, you might want to pay up for google. Thats what people are doing. Ive heard a lot of analogies to these holding companies. Id like to analogize to am don. When they broke out web services you said holy cow.
Because of a trade embargo. Henna daniels, cbs 2 news. Well, facilities that have animals for 24 hours now have to be equipped with automatic fire sprinklers. The bill was passed to into law after several incidents of where they were trapped in burning buildings. One lawsuit cited the financial burden tennessee puts on business owners. The education commissioner say was the the city is working for options for schools who have no lowe testing rates. Geno smith is recover afghanistan having surgery on his broken jaw. Doctors at the local area hospital put plates and screws into his jaw. Ik enemkpali was released immediately. He was picked up by another teem. I apologize it should have never happened. I would have walked away from the situation. It was never my intention to hurt anybody. Reporter he also thanked nfl coach rex ryan for giving him a chance. The on the first series, the lions carved them up. Golden state is untouched for the first team of the jets defense. Genos replace zill
First lets start with Franklin Buchanan, since he was on one of our ironclads here in Hampton Roads. Franklin buchanan was born on september 17, 1800 in baltimore, maryland. His father the was founder of the Maryland Medical Society and his grandfather was a signer of the declaration of independence. So he comes from a wellheeled family. He will become a midshipment at age 15 in 1815 and will serve with distinction by 1844. He will be promoted to captain, and he will be named the first superintendent of the United States Naval Academy in annapolis. He is the founder in many ways of that school. In 1847 he will resign from that post so he can serve actively in the mexican war, which again he does with distinction, gaining the attention of flag officer matthew galbreith perry. Perry will assign buchanan as flag captain and commander of perrys flagship when he takes his fleet to open japan. It is said buchanan was the first naval officer to step foot in japan. Let me tell you about buchan
Since december. A big day for housing. Well get new home sales in an hour. After an historic day which saw the dow fall minutes into the trading session before closing down 588, futures are serging. Chinas central bank announced its lowering the Bank Reserve Requirements by. 5 . Its the fifth time in nine months theyve done this. The question is what are we going to get out of it . I thought the more important story than the cuts of rates is that maybe theyve stopped the game of trying to prop up individual stocks. The stocks are just not companies that you would theyre buying sock pickup truck. Theyre buying web van. And i think whats going on is this may represent a more serious attempt by the Chinese Communist party to put people to work or something. They could spend their money fixing the sewer systems. Maybe theyll start doing serious work to help their economy. Does that mean today is your chance to get out, to sell your least favorite names . Yes. I have to tell you, when i see