two to q1. revenues on the other category, which is largely advertising, was up 83% year on year. these other revenue streams amazon has developed are now either continuing or rebounding in terms of revenue acceleration. that was former amazon executive frank kochenash on the company s rising profits. let s stay in the us, because wall street shares touched new record highs in thursday s session, after economic data showed the world s biggest economy has now recovered to pre pandemic levels. us gdp growth hit an annual rate of 6.5% in the three months tojune slower than economists were expecting. but that has helped reassure investors that the federal reserve won t be in a rush to remove stimulus measures. craig erlam is a senior market analyst at foreign exchange
because wall street shares touched new record highs in thursday s session after economic data showed the world s biggest economy has now recovered to pre pandemic levels. us gdp growth hit an annual rate of 6.5% in the three months tojune slower than economists were expecting. but that has helped reassure investors that the federal reserve won t be in a rush to remove stimulus measures. craig erlam is senior market analyst at foreign exchange brokers 0anda here in london is this the inflection point in the global pandemic? do you think this is an inflection point in the global pandemic, that would now got the world s biggest economy back where we were before the pandemic? it s not unusual to see the us leading the way in terms of growth, to see them back into positive territories. 0bviously back into positive territories. obviously an encouraging sign. the us like many others face
little benefit for people of wealth. back with us is jonathan, and katherine. claims he has plan is for the meddle class. it s clear it s for the very, very wealthy. but he can sell et to he has to his base anyway, right? the thing about being a populist, you have to do things that are popular. usually, that s helpful. if you look at the polling about tax cuts for the wealthy, tax cuts for corporations, they are not popular, even amongst republicans. large shares of republicans, majorities even, depending what poll you look at believe the taxes should be raised on corporations and the wealthy. so no, i think it will be very hard sell for his base. this is when they find out in the lower brackets they get the taxes increased. jonathan, one of the things donald trump loves to do is just brag and here he is today talking about the wild economic growth under his presidency. gdp growth hit over 3% last quarter was just adjusted
katherine. claims he has plan is for the meddle class. it s clear it s for the very, very wealthy. but he can sell et to he has base anyway, reegt? the thing about being a populist, you have to do things that are popular. usually, that s helpful. if you look at the polling about tax cuts for the wealthy, tax cuts for corporations, they are not popular, even amongst republicans. large shares of republicans, majorities even, depending what poll you look at believe the taxes should be raised on corporations and the wealthy. so no, i think it will be very hard sell for his base. this is when they find out in the lower brackets they get the taxes increased. jonathan, one of the things donald trump loves to do is just brag and here he is today talking about the wild economic growth under his presidency. gdp growth hit over 3% last quarter was just adjusted yesterday and is now at 3.1%, a
taxes should be raised on corporations and the wealthy. so no, i think it will be very hard sell for his base. this is when they find out in the lower brackets they get the taxes increased. jonathan, one of the things donald trump loves to do is just brag and here he is today talking about the wild economic growth under his presidency. gdp growth hit over 3% last quarter was just adjusted yesterday and is now at 3.1%, a number that hasn t been seen in a very, very long time and a number that s way ahead of schedule. he also tweeted up to 3.1 last quarter and many thought it would be years before that happened. we have just begun, well, in fact, quarterly growth was 3% or higher 8 different times under president barack obama, most recently when it was 3.3%. so that s not even true.