All the viral affect that those plays have, but theres a huge inf infrastrushlgt play thats almost impossible to beat. This is the classic example that if someone gave you money, you would probably have to return it because its almost impossible to compete with them. To put it in perspective, you talk about 150 global fulfillment centers. Thats just building those. The land alone would take a competitor a decade. Its going to be difficult for traditional retailers to regear how theyve been distributing their products. Let alone, to tap into that what we believe 65 million prime users. One last thought is that theyre going to be adding on to their products. They now have 40 cities that are offering same hour and same day. That number will continue to increase, which is going to chippewa at traditional brick and mortar. Then theres aws. What role does that have in your call today . Thats less of the call today. Its an important part of the story because its a faster growing segment. Its
Nasdaq meeting on the downside, looking at the today moves in the s p 500, you will see indeed that we had a big upsurge and yesterday we had pretty much gone sideways. Put another way, look at the bloomberg. I have the s p 500 intraday range thus far. Right now its only at 11. 7, 11. 8. It looks like that could be the lowest of the year. Of course, that has happened a couple of other days with late day changes. We will see what happens this time around. In terms of the groups on the move, we have material shares that are lower largely because of monsanto, which we will talk about in a few moments. Consumer discretionary with energy and financials, turning around later in the session. Whats interesting to me is that these inventory numbers from oil or what terrible. Lower by 20,000 barrels per day, but it was ugly and oil didnt really go catastrophic. Neither did the stock market. It really is strange. We did have loyal take a leg lower after the numbers came out. It was down by 2 and
Official anymore . Scarlett i dont know. Wednesday is official because j. P. Morgan is reporting. Julie whether you are talking about alcoa or the banks, there is not a lot of optimism when it turns to earning broadly with energy or financials. We have seen a pairing of gains today as we have gotten deeply into the session. The s p 500, if you look at the intraday move we have seen, it has been moving from steadily lower, a leg up in the past few , downs, but none the less sharply from the highs of the session. Lets take a look at the s p 500 profit estimates and the change we have seen in estimates. This is the change that we get quarterly. We are talking about a 10 percentage point swing in these estimates overall. The estimate is for earnings to fall 10 in the quarter that we are about to learn about. Definitely a lot of pessimism going into the season. The caveat we always talk about his companies tend to be by a high rate. As always, it will hinge on not just the reportings but wh
Shooting overnight at a university. One person is dead. Thers were wounded a suspect has been arrested. The shooting took place in a parking lot outside a dormitory. President obama ghost oregon today to meet with survivors of relatives of those killed in last weeks committee college shooting. At everyone is happy with the president s visit. And an organization that pushed peacefully for democracy is honored by the nobel committee. Goes tors peace prize the Tunisian Group who led the spring uprising. Matt take a look at futures here. We are not seen the kind of movement that we are seeing in overseas markets. In europeally overnight. But only a gain in the many contracts on the s p and the dow right now. For itst oil on pace biggest weekly gain since august. We are looking at oil and its. Ighs price that is one of the reason that Energy Stocks are seeing their longest rally in six years. Is upp 500 energy index about 15 , 16 of the last eight sessions. The commodities are doing well to
Ramey 490,000 new home sales for the month of november. This is less than what we were expecting for the month of november coming in at 500 thousand, so amiss. For the this is a miss month before. Youre looking at the revised number for october of 470,000, so a miss. That would have been three a row of gains, but we are missing that. Lets go to university of Michigan Consumer data and that is beating estimates, coming in at 92. 6. Iswere expecting 92, so this meaning we are seeing five months in a row of rises and better than what we saw from prior 91. 8 for the month of november. With see what is happening the markets. The markets opened in the green earlier and this is where we are. The markets looking like they are continuing to rise. The s p 500 is up by three quarters of 1 and the dow jones is up similarly and the nasdaq up by about two thirds of 1 . We are in positive territory. Down to the bloomberg territory, leading that the lets take a look at the leading and lagging. Let me