South korean conglomerate. It has come within striking distance of apples top spot. Amazon shares dipped thursday after they reported disappointing financial guidance, especially a potential loss in the third quarter. The second order earnings per share missed the low analyst estimates. Amazon is preparing to step up competition with walmart and Cloud Computing challengers. We broke down the numbers. This is a company that is investing. There is a cost to all that free video that amazon is lavishing on its prime customers. Emily where are the expenses . They dont specify. Its video. They are building Fulfillment Centers closer to cities. They are making all these great shows like transparent and man in the high castle, that costs money. The stock is down 2 . This is an unflappable shareholder base. There is a halo over the company. Emily shares are down 3 . This is why bezos is number one or now he isnt. The point is, they are able to take longterm investments in infrastructure and tur
Stay at houston methodist hospital. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Up next is Bloomberg Technology. Caroline im caroline hyde, and this is Bloomberg Technology. Tech mobilizes against the travel ban. Cut through the details and theusion and analyze political opposition streaming out of Silicon Valley. Plus the worlds richest man speaks out against the immigration fallout. Ahead. Tes weighs in and snap decides to roll with the 90 over the nasdaq. What could be the biggest tech ipo since facebook . Finds his voice is President Trumps immigration ban fuels outrage across the tech sector. Signed an trump executive order restricting immigrants from seven predominantly muslim countries. Next actionted his may be an even bigger blow. Secretary seanss spicer address the Reform Efforts earlier. Youve artie seen a lot of action on immigration. I think there is an overall need to look
Pete at least one of the reasons why i say its a 40 cash last week. Petes in cash, too. The market has been looking past it. Things keep popping up and eventually the market is not going to look past it. I dont know if this is the big one, so to speak, but you have to worry. There are these kneejerk tweets, so to speak. I know jim says you cant govern by tweet. But yet theres not a lot of follow throughs. The scary thing to me was what he did with the security counsel which was taking off national the joint chiefs of staff and putting on bannon. Are you changing the way that youre thinking about the market as a result of that or is immigration executive order . Its actually the way i thought about it, which is again why im in cash. Is that theres complacency and that youve already discounted the tax bill, youve discounted infrastructure. Life is going to be smooth sailing. Even under the most i should say rational presidency, those things take a lot of time. There are bumps along the w
What it is and why hes so bullish. The dow, the s p, the nasdaq and the russell ill all hitting new highs. Should you keep buying stocks at these levels . Guy. Scary, mel. Welcome back. We missed you last week. Good to be back. So try to be a little more sincere. I missed you too thank you, appreciate that. For me, it scares me up here without question. Ive been scared for months now. Ill say this. The key has always been, in my opinion, the russell verifying this move to the up side in the s p and over the last couple days it has. So iwm continues to trade above 130, i think its okay. Sectors you want to still be in we have been steadfast, defense stocks continue to work. We talked about amazon post earnings. A very good chance 700. Last monday before you left, it got down to 710. We talked about it that day on the reversal, said here is an opportunity, rallied almost 10 since. Thats interesting. U. S. Bank corp on the banking side. There are names to continue to work. As long as, aga
What appears to be a black vest and black boots who may be one of the three suspects firing his gun, and those are the gunshots that you can hear outside the mcdonalds restaurant. Weve isolated this video a little bit further for you because you can see the alleged suspect pointing his gun and then subsequently opening fire. That is right outside of the mcdonalds restaurant. A Munich Police spokesman reports witnesses report seeing three shooters with what they are terming, quote, long guns. That has yet to be defined, who attacked outside the mcdonalds and a munich Shopping Mall. Police are hunting the suspects and no one yet in custody. Its after 11 00 p. M. All trains, trams, buses, subways in the city have been shut down and police are urging residents to stay indoors. There is a very Large Police Presence at that mall and the surrounding areas as they search for the suspects. The attack, as you probably know, is the second in germany this week and it occurred just before 6 00 p. M