Yellen speaks at 10 30 12 30. The best showing against the yen in a couple of years. China got an update but showing there might get you arrested. You see shipments suffering. The steepest decline in almost two years. And facebook also higher premarket. How the company is looking to crack into the Music Distribution business. First up stocks on track to open strong. We have this morning on the hopes of a new proposal in greece will end the impasse and result in a bailout deal as we get ready to wrap up a volatile week for the market and week with hacks and glitches. Its been a difficult to watch question now is what happens with this deal and even if it gets done sunday what happens then some. This deal is not as good. Merkel should hate this deal even more. The Greek Parliament the right in merkels party and the left of tsiprass party cant like this but maybe theyre not loud enough. The one thing i would point out. Yesterday i said i didnt like it. Now i said listen this rally, you kn
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a reflection of where we see longterm value in i. T. This will take some time. I think one of the things that happened that was wrong were ibm was that the stock ran in anticipation this would somehow be a breakout quarter. The cf so great. He made it clear it wasnt going to be a great quarter. I kept thinking what about what he said made him feel like this was the one. Software was not as long as id like. Backlog did grow. There were problems in brazil russia, india, china. I am not defending th
Youtube would have been crushed without google. I bring you highlights from my studio 1. 0 interview. All of that ahead on bloomberg west. First though, we are talking about amazon, out with a much better than expected quarterly report, revenue jumping 20 and returned a surprise gain of . 19 per share. Analysts were expecting a loss of . 14 per share. They have efforts to lure more customers with amazon video. Right now, shares a rub 17 . With us from new york, the senior equity strategist for amazon and the Vice President of media ventures, and from seattle, our guest from a joint Venture Group and an amazon investor. Matt, lets talk about what is happening with aws. Matt they are just rocketing. They are up 80 yearoveryear. They are one of the most profitable, if not the most profitable section of amazon. You saw them at 23 billion for the quarter and they are just making progress. Emily david, i want to bring you in on some of the things were seeing with online video. Transparent wa
2. 25. And oil, as you see, still below 50. A move made this week as we watched the commodity complex come down across the board. The road map starts with amazon overtaking walmart in market cap after reporting a surprise Second Quarter profit. The shares up 20 in the premarket. Star bucks shares also higher ahead of the open. The coo told jim last night. And anthem agrees to buy cigna. The price and the release is 188 a share. In reality, its a bit less than that. Well get to that deal. We begin with amazon reporting a Second Quarter profit of 0. 19 a share while wall street was expecting a 0. 14 a share loss. Sales up 20 . That was up by strength in web services. Shares of amazon surging in the premarket putting the market cap above that of walmart and making founder and the ceo about 7 billion richer. Thats right. 7 billion more just from the move up. Thats a side show. The main show is the numbers themselves. This Company Getting rewarded perhaps like no other for Revenue Growth. M
First National Standards to limit Carbon Emissions from power plants. At t releasing the first given the completion with direct tv of that deal. And more monthly auto sales due today. Chrysler and nissan are out. Coming up soon ford and General Motors. First up wall street is gearing up for the first trading day of august. Last month the s p rose almost 2 . Dow up 4 . The nasdaq the best performer of the three, up 2. 8. Greece, the stock market finally opening and tumbling after opening for the first time in five weeks. Trading suspended in late june as capital imposed. The biggest crash ever and their pmis are at 30. Youre talking about a Great Depression there. The makeup of that decline, cocacola, greece greek Cocacola Company is a huge part of that index. Thats down about 10 . The banks are down because i think theres a sense that the banks have to recapitalize. But remember, there are strict rules about buying stocks in greece. Its viewed as a way to do capital flight. So theyre r