You have the acquirer going up 3 in the situation like this. Lets take a look at the operating margin at amazon. That is something to get a lot of attention. If you look at amazons operating margin versus some of these brickandmortar grocers, its much lower. Target, for 7 from example. The question is as well, for whole foods, which is a relatively highpriced grocer, is operating margin around 5. 5 . What then does that brings to amazon and how does it affect its financials . Consumer stocks are trading lower by a lot and you can see that if you look at some of the stocks we just looked at and the companies we just looked at, kroger, target, costco, walmart all trading off sharply and krogers in particular dropped 18 yesterday, if you recall its because the company came out with a disappointing forecast. Not only has it been hit to some degree by food deflation also, there are concerns about an increasingly tough price war with some of the other groceries, especially when you have the
Alex is in for sal. Lets go to mark first in for steve. Youre tracking our storm. Yeah, it was pretty intense the activity has been trending down a little bit over the last couple of hours. This is a Flash Flood Watch posted for the Santa Cruz Mountains until 7 00 this morning. But on close her inspection, this is actually a Flash Flood Warning closer to felton. The river has been rising rapidly. So this is in place until 6 45. And its hard to ignore that the rainfall total, ben lomand over 6 inches of rain over the past 24 hours, so significant rainfall there, and up to the north bay area, this Flash Flood Warning in place until 7 45 this morning. The creek there has been running high, and as a rut, they have that Flash Flood Warning. Thankfully, the rainfall rates have been tapering off a little bit. Here is the coverage out there. And those yellows and some greens, at least backing off a little bit. There you can see some of the coverage up in the north bay. Well push the maps close
The main event was organized in washington. This is bloomberg. Caroline coming up, google steps up its cloud business. We have all of the highlight highlights from googles conference. The next wave of u. S. Tech one nano degree at a time. Interest as a Search Engine with a more personalized touch. Google sees reliability as a competitive advantage. Conference, dan ranked google ahead of those companies as the most reliable copywriter for 2016. Clients. O attracting it in the latest speech, he says he sees cloud becoming one of the Core Products such as search advertising. Google cloud is a natural extension. We are just doing it for businesses. Increasingit means availability and lowering costs. We also talked about i is going to open up new businesses, for example Financial Services and we can. Ave Better Services we can have new ways of delivering products to customers. Ai Machine Learning is huge. I deeply believe this is the driving force of a transformative time. Is this why you w
The main event was organized in washington. This is bloomberg. Caroline coming up, google steps up its cloud business. We have all of the highlight highlights from googles conference. The next wave of u. S. Tech one nano degree at a time. Interest as a Search Engine with a more personalized touch. Google sees reliability as a competitive advantage. Conference, dan ranked google ahead of those companies as the most reliable copywriter for 2016. Clients. O attracting it in the latest speech, he says he sees cloud becoming one of the Core Products such as search advertising. Google cloud is a natural extension. We are just doing it for businesses. Increasingit means availability and lowering costs. We also talked about i is going to open up new businesses, for example Financial Services and we can. Ave Better Services we can have new ways of delivering products to customers. Ai Machine Learning is huge. I deeply believe this is the driving force of a transformative time. Is this why you w
Muted action and stocks are on track for the third positive week. First time since the fall. First up this morning in about half an hour, former gop president ial nominee mitt romney will give a speech urging voters to reject donald trump. Excerpts are leaking and he says trump is a phony, a fraud, hes playing the American Public for suckers. He gets a free ride to the white house and all we get is a lousy hat. You were early and going to iowa and reminding people that he had staying power. This was awhile ago. Very compelling. Thats been proven true. Does this matter . This whole thing matters. If this didnt have such an impact on the future of the country and the world it would be the most entertaining reality show in history. Its unbelievable whats happening to the r Republican Party. They have only themselves to blame by saying no to everything for years. We live in democracy you dont get everything you want and if you say no to everything you dont get anything you want so people a