I told tu would be a good show. Even when they say it is not it is always about money. Adam fallout from the minimum wage movement. Amazon is hoping to replace some workers with robots. They hope to have 10,000 rob boats operating in its warehouses by the end of this year. We want to bring in simon constable from wall street journal. And monica met at that and can they totally replace human, monica . This is more to seek investor interest. There was a warning last month that revenue is really slowing down. Theyre looking potentially a 500 million loss next quarter. For a company not really great at profitability and more so on growth they need to have the sizzle. Adam let me ask you, simon. Im looking right now, shares of amazon are trading up. This company, they are so huge. Are they jumping the shark . I dont think so. I use amazon all the time. Other than my rent i think tax man adam you will own your apartment one day. Watch. They probably will. We heard a lot about amazon factorie
Good morning. In the Al Jazeera America. Were one step closer to a Government Shutdown, and late saturday night House Republicans passed a spending bill that would delay the Affordable Care act by at least one year. The bill will be sent to the senate where democrats have vowed to reject it. President obama promised to veto any legislation that strips him of his health plan. More from capitol hill. Reporter the house of representatives passed a spending bill largely along party lines to keep the federal government funded and operating through middecember. It has big Strings Attached. First of all, it will delay implementation of the federal Health Care Law known as obamacare by one year. It would also repeal a medical device sales tax. While that tax is controversial, some say it is necessary to help pay for the Health Care Law. Another bill passed unanimously, and this one would ensure that members of the military get their paychecks even if the federal government shuts down. The acti
For tech domination. Us what is will tell behind the f the fed gave the bank and why he feels he is being picked on. The bighe big three, stocks we are watching. Julie hyman is keeping an eye on these. Lets start with cognizant, and i. T. Consulting company, upgraded at Morgan Stanley to overweight. The price target goes to 60 a share, well above 10 above where it is trading right now. The analysts say the estimate for the companys earnings and where its stock will go, the consensus is not pricing in the acceleration that we will see in the consulting business and the economy more broadly. Those shares rising today. Interesting bounceback for gamestop. We were talking about the company yesterday because it fell four percent on the back of earnings. Today it is coming back and then some, shares rising seven percent even some saying that the future is not so bleak for gamestop. In fact, the folks at Bloomberg Industries say continued sales of things like the xbox, the newest playstation,
Internals that are breaking down . Well have that coming up. James paulsen is not surprised by todays red arrows but hes also not worried. Hes here to talk about how hes playing the volatility. Is this a buying opportunity for him . It could be for you as well so stay tuned for that exclusive interview. Also, the fight over tesla continues. On friday on this program we had the arizona lawmaker who is now fighting to overturn that states ban of direct sales to consumers. Today the president of the Arizona Auto Dealers Association will join us exclusively presumably to give us the other side of that trade. That should be very interesting. Thats coming up later on the closing bell. So many people following that story. Here is whats happening in the markets. The dow is off 21 points as you can see there. Thats well off the session lows. Were climbing back towards positive territory, but still about 0. 1 to go. The nasdaq, this is the one getting all the attention. Its off 1. 2 . 50 points
Bull market continues right now, kelly. I think the up love is turning into hate as people continue to watch and try to figure out what to do next. Thats the kind of question well pose to people. Bill, a lot of people focus on the fact its not just stocks, its also gas prices looking here in the case of gas prices sixyear highs for the fourth of july travel season its an important one. Its not all quite coming up roses. Thats for sure. Lets bring our Closing Bell Exchange in. We have a busy couple of hours lined up here. Arob gibbs is with us, mark teper, todd salimony, todd liden from Global Investment trains and our own rick san tellie. Todd, youre bullish in part because it is a relatively unloved bull market, isnt it . It is despite what weve been reading in various newspapers, blogs, a lot of strategists and Market Participant also tell you theres a lot of complacency in the market. Were looking at the volatility init exto come to that conclusion. Well argue with historical volati