Drop in supply. Road map begins with amazons winning streak. Shares of the e commerce giant, poised to extend gains this morning. The company now worth nearly twice the market value of rival walmart. And after the march adp report shows the private sector job gains are much higher than expected. And panera added the popular bakery and restaurant chain to its portfolio. Ron shaich will join us live at post 9. Amazon is on a roll. Its in the midst of the seven session winning streak. Market cap now more than 430 million, double walmart. Meanti meantime, they have struck a deal with the nfl to stream thursday night football, not exclusive, jim likes to call it tired night football. But its a twitter was a one and done deal. Yep. They decided that they wanted to do go with the subscription model. Twitter did not come in with that. Paying five times what twitter did. Twitter intends to continue a relationship with nfl. This is something if you want prime, you get more. They keep giving you
Will cover all the commodities. Caroline hyde in paris on a warning by the oecd, and Ryan Chilcote in vienna previewing the opec meeting. We begin in asia where Prime Minister shinzo abe has decided to postpone an increase to the sales tax. Delayed once, it is twice, and i am wondering if we will ever get it. Enda i think it just shows you how nervous the outlook is for japans economy. Japan has the biggest debt burden and they have been trying crying out for the government to do more to tackle debt. Minister day has had to step back again and surrender and say, we need to do more spending and try and get growth going. The economy keeps flirting between contraction and expansion. It is also interesting in terms of what it needs means for the bank of japan. We have already seen the reaction, a big gain in the end today as it takes pressure off Central Banks in the yen today as it takes pressure of signature banks. It shows you that japans economy remains on quite narrow footing. The dol
Its called a tsunami move. The swiss bank stunning markets overnight scrapping the peg against the euro sending its currency soaring up 10 against the dollar now, but it was up as much as 30 right after that announce. Check this out. Gold moves on the swiss move this morning. The last trade on the gold market is up 28. 5 on the trading session. Sarah eisen is following the story for us here with the move that stunned markets all the way around the world. Shocking policy uturn. This is what happened. The peg, were talking about, was put in place three and a half years ago to keep the swiss frank from being too strong hurting exports, a key part of the economy. This goes back to the european debt crisis three and a half years ago when people just could not get enough of the swiss franc. What they did, they got rid of it today. Why . It was becoming very costly. It was reeking havoc on the Balance Sheet of the central bank, building up more than 500 franc in reserves defending the line in
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