The companys earnings fell short of wall street expectationss its heavy investments cut into the profitability. They have been spending on oneday delivery to Cloud Business and Advertising Sales force as well. The good news is revenue grew at a healthy clip, but wasnt what analysts were looking for. Josh whitman takes a closer look at amazons quarter. Reporter good quarter, bad guide. Thats how on lists are describing the latest Earnings Report, specifically of the companys g 4 forecast disappointed analysts calling for 80 billion to 86. 5 billion. Jeffrey says thats critical. G 4 is the big quarter, the holiday quarter, though he does caution amazon is conservative in its forecast. He also notes the company is back in investment mode, spending to bring oneday shipping to its prim members and its weighing on the bottom line. Josh whitman, san francisco. Lets push to tom forthey to learn more. Hes a Senior Research analyst. Toto welcome, nice to have you here. Thanksor having me. I dont
Dow climb 2g 28 points s p advancing 2. 2 its time to revisit fang, my acronym for facebook, amazon, apple, netflix, alphabet, aka google ill throw in the other big tech theme under fire, microsoft. Lets start with apple in the Tour De Force of the new iphone and the watch to me it looks incredible. Battery lifes longer. One hour to four hours depending on your new model. Cheaper prices you also get apple plus, their new streaming service for free with purchase. 4. 99 per month value. Ive looked at some of what theyre developing for the video platform even though i think it is universally poopooed, over time i think youll see its essential watching its half the price of netflix i like the entertainment the new watches 0e78 only cost 199 i think thats the price point to get worldwide adoption for this thing which will only layer on still more Service Revenue. I have fantasy football on this thing. Every time one of my guys scores,explosive when a version of the ipod hit that level, 199,
fight o er the ramparts we watched were so gallantly streaming. and the rockets red glare, the bombs bursting in air gave proof through the night that our flag was still there. o, say does that star-spangled banner yet wave o er the land of the free and the home of the brave pete: we begin. this sunday morning with a fox news alert. a chinese warship coming within 150 yards of a u.s. destroyer in the taiwan strait in the latest chinese provocation in the region. u.s. indo-pacific command slamming their chinese counterparts for maneuvering in an unsafe manner. rachel: china says it s the monitor thed the two ships but made no mention of the close call. this comes days after a chinese fighter jet did its own unnecessary aggressive maneuver by buzzing around an american recon plane. will: all this as the ccp if cracks down on activists as today marks 34th anniversary of tiananmen square massacre. eight people were detained, accused of disrupting order in publi
comeback. could the surge lead to mandates? and later, platinum party. the latest on the pomp and circumstance. reporter: i m holly williams outside buckingham palace in london where the queen is celebrating 70 years on the throne. diaz: with a final look at m the monarch s lifelong passion for these small subjects. this is the cbs weekend news from chicago with adriana diaz. diaz: good evening. we begin tonight with the latest on the nationwide baby formula shortage. today, abbott, the country s largest baby formula manufacturer, announced that production has resumed at its plant in sturgis, michigan, for the first time since february. but boosting supplies in stores is a whole other matter. it is an urgent issue for parents, and more recently, for the president. cbs christina ruffini is at the white house. christina.christina. reporter: good evening. t reporter: good evening. the reopening of that plant is significant, but it s not an immediate fix. abbott sa
Christmastime. Well bring you all of the details tonight and Deputy Attorney general rod rosen stein testifying today that he will not fire special Council Robert mueller as republicans ripped into the 375 texts many of which ripped into President Trump, from two fbi officials assigned to muellers russia probe that would be peter strzok and lisa page. Their texts are viral against President Trump and they call him an idiot and they are supportive of Hillary Clinton at the time when the fbi was investigating her private email server. The texts began as early as december 2015. Strzok has been reassigned in the fbi but now these texts are drawing the attention of congressional investigators plus its official in terms of the seed of its rocket ship rise on the term bitcoin now surpassing the infamous 17th century mania, one analyst says and we will break it all down for you, so is it time to buy or sell . Were watching your money weve got an allstar guest line up including former Senior Ad