Opioid addiction. And a report that questions how you probably pick mutual funds. We begin with major news about profits in techland. And they were good. Expectations were high, and big tech did not disappoint. Four Major Companies reported quarterlies that were much stronger than anyone expected. Lets start with amazon. The story here, simple. Revenue. Up. Profit, up. The stock, up. The Company Earned 52 cents a share. Expectations were for three pennies. Sales jumped 30 to 43 billion year over year. Vers s were giddy, sending shares through the thousand dollar mark. Jackie deangelis zeroes in on the Biggest Surprise in amazons report. Reporter one of the key points of interest w how Amazons Web Services division did. The company delivered. That segment bringing in revenue 4. 58 billion, handily topping analysts expectations. Aws is amazons version of the cloud. Its an emerging space where Many Companies are competing for share, amazon appears to be one of the winners. As business in
Courtney reagan who is in for sara today who is on assignment. Good morning. Good morning. Lets get straight to the market action. Rallies across the board. Record highs across the board yesterday as we said already. The dow, s p, the nasdaq, russell 2000, s mid caps and th dow all hitting fresh highs yesterday. Extraordinary stuff. Broadness of the rally. The dow called higher this morning by 42 points. S p by 3. Nasdaq by 3. 5 points. U. S. Equities doing well. We also saw equities in europe do well yesterday. Lets look at what the euro did over the last 48 hours or so. It moved very sharply. Initially going about a percent higher. When the decision from the ecb was announced, the market was focusing on the fact that the monthly size of purchases was reduced, there fourth euro rallying on the expectation, that meant stimulus was being withdrawn. About an hour later, when the press conference began, the euro fell sharply. About a percent and a half down for the day. That was when mari
Murders of nine black parishioners. Mark strassmann is in charleston. Reporter dylann roof spoke softly and calmly to jurors. The reason i chose to represent myself was to prevent my lawyers from presenting a Mental Health evaluation. Forget what my attorneys have told you about myMental Health. There is nothing wrong with me psychologically. He did not apologize. He also never admitted to the killings the way he did to fbi agents the day he was arrested. Reporter assistant u. S. Attorney Nathan Williams was emphatic today. This reporter williams introduced roofs jailhouse journal, which he wrote six weeks after the murders. Clementa pinckney, mother emanuels pastor, was one of them. His wife jennifer and sixyear old daughter malana were hiding under a desk in this adjoining office during the massacre. Jennifer pinckney told jurors, as roof kept shooting, the petrified girl whispered to her, mama, is daddy going to die . By then, Clementa Pinckney lay among the dead and dying. Sharon r
Ben bernanke will be overseas. Taking us overseas to the investigation of what brought down a russian charter jet and now its looking like a bomb may have been the cause. We have the details on that story in just a bit but before that well go over to michelle with a round up of the days top business headlines. Thank you. Expedia is buying home away for 3. 9 billion in cash and stock. This is the largest acquisition and come ace year after they bought orbitz. It values the socalled alternative lodging market at 100 billion and the home away deal will help it directly compete with airbnb. The chairman will join us first on cnbc 8 30 a. M. Eastern time to talk about the deal. The fed vice chairman says the central bank may be closer than thought to the inflation target. The 2 target may be hit once oil prices stabilize and the dollar starts rising. When is that going to be . Kraft heinz is stepping up its cost cuts. Announcing plans to close 7 factories and lay off 2600 employees in north
Was temporary or a bit more. Its also the penultimate jobs report before the federal reserves next meeting in december, where many believe the central bank might raise Interest Rates. Hampton pearson takes a look at what to expect and where we stand. Reporter most of the economists and fed watchers are looking for a rebound in job growth in october. The Consensus Forecast calls for an increase of 180,000 jobs added to nonfarm payrolls, well above the average of just 139,000 for august and september. With headline Unemployment Holding steady at 5. 1 . Were expecting about 180. If it comes in anywhere north of 150, i think the market will still believe that they plan on tightening. Reporter its the first of two employment reports that will be on the desk of Monetary Policy makers when they meet in december. A meeting described this week by fed chair janet yellen as a live possibility for the first rate hike in nearly a decade. What the committee has been expecting is that the economy wil