Lows. Almost 2 3 of the indices loss is boeing. S p 500, nasdaq ening in the red yesterday after hitting record highs. Connell a little bit of a pullback. We look at big names we brought you after the bell are closing out today. Tesla plummeting following big quarterly loss. The stock is down more than 13 1 2 . Lauren look at ford down 8 . Disappointing earnings results. Facebook erasing earlier gains despite a earnings beat. We told you yesterday a rise in daily active users. Connell at the white house the president holding an event celebrating the Administration Commitment to help American Workers. Well bring you headlines at this hour as well. Lauren were waiting with bait the brett with latest earnings from amazon and parent alphabet. Todays panel, adam lashinsky, Fortune Magazine editor. Youre alphabet spouse. Which means your wife works at google. That is exactly right. Lauren hitha herzog, chief research officer. Thanks for joining us, as we await on the results start with you.
[inaudible conversations] welcome to brown, welcome to our conversation, i have been watching politics a long time. I dont think ive ever seen an election like this one, the College Democrats and the College Republicans both internally split. College republicans couldnt agree on which candidate to support, sharp emails were exchanged and now both democrats and republicans trying to figure out what direction for the party, where do we go, who are we . To help us sort this out im delighted to welcome back our graduate, i wont say what class, recent class of Brown University david, david is the Washington Bureau chief for mother jones and if you read it, hes written in it. I guess thats probably all that needs to be said. The inside story of spin scandal and the selling of the iraq war, familiar face around the Watson Institute and Brown University. He will take it from here. He will help us sort out the future of the American Party where to republicans and he will introduce our panelists
Next, a look at the future of the Republican Party with mercedesive columnist schlapp and john weaver, an they sit down to discuss the first days of the jump presidency and what might happen between now and the 2018 midterm elections. From brown university, rhode island, this is just under one hour hand a half. I dont think i have ever seen an election like this one. The College Democrats and the College Republicans both internally split. College republicans couldnt agree on which candidate to support. Sharp emails were exchanged. And now both democrats and republicans trying to figure out what direction for the party. Where do we go . Who are we . To help us sort this out, im delighted to welcome back our graduate i wont say what class a recent class of brown university, david corn. David is the Washington Bureau chief for mother jones, and if you read it, he has written in it. I think that is all that needs to be said. Awardwinning journalist. I will plug your book. Hubris the inside
Up 69 and prime membership up 51 year on year but the take away for many is that they have so much demand they either dont have a place to put it or theyre paying for more a place to put it and then to ship it. Whats your take on this today . Its great for consumers. And the more popular they become the more hostile it becomes. I use amazon a lot. Especially this holiday season. Its interesting because the prices were very competitive. But again i saved all kinds of money in order to attract all these customers amazon has to do a lot of things that raise the cost. Retail is a very tight margin. Thats what happened here. People probably dont want to hear this on a morning when the stock is down about 9 but i think amazon turned in a really good quarter. Pretty much across the board. Now granted in the past when the fundamentals were pretty strong, but maybe they missed revenue or maybe they missed the eps the stock will still go up. Maybe the valuation got so rich it came based on the i
Ground. My hope is that this is going to be the beginning of a fruitful process where were able to come to an agreement that will reduce our deficit in a balanced way. Eliot once the meeting was over the congressional leaders all agreed that some sort of agreement was possible. Democrats reid and pelosi were firm on the need to compromise and get things done quickly. We have the cornerstones of being able to work something out. Were both going to have to give up things that we know are a problem. We should have a goal in terms of how much deficit reduction. We should have a deadline before christmas. Before should show milestones of success so that confidence can build as we solution. Eliot for their part republicans boehner and mc mcconnell agreed that that some sort of agreement was possible. We should show our seriousness. Weve put revenue on the payable. Eliot earlier this week president obama met with labor and business leaderrers to get their insights opposite the fiscal cliff. T