Amazon. And its stock is paying the price. The Online Retail behemoth earned a dollar a share. That translates into its largest quarterly profit in its 19year history. But investors wanted more, a lot more. Expects were 1. 56 per share. Revenue came in shy of estimates despite rising more than 20 from a year ago. And as for its shares they were punished initially after that report. John ford has more on amazons results. Big number to watch in amazon earnings is the top line revenue wall street was looking for, 35. 9 billion in revenue, they got 37. 7 billion. Eps missed also. Its overall growth thats been driving the valuation for amazon. Amazon web services did well. That actually beat despite high expectations. But the stock fell after hours on that topline number. Well have to see the impact is on other highvaluation stocks because this is certainly one of the ones that gets a lot of notice. Guys, back to you. John ford reporting. A different story altogether for dow components micr
Global stocks on track since 2012. We begin with the final trading day of the month and quarter. Hong kong stocks closed lower amid continuing protests. Paypal will be spun out to its own publically traded security next year. The stock spiking this morning. We have more from ebay ceo john donahoe. Caseshiller home price numbers are out. Well talk with Robert Shiller first here on cnbc. Well discuss that decision by ebay to reverse course for something the company was articulating was not a good idea, namely splitting itself into its paypal. Ebay represents more of the profits, but is not growing as quickly as the paypal business. I did have an opportunity to catch up with ceo john donahoe late yesterday. When he was fighting with carl icahn in a proxy fight earlier this year, he said a Payment Network needs a Commerce Network bike ebay. Its no wonder they are getting into payments and Payment Companies are getting into commerce. Ebay helps accelerate paypals growth. I asked mr. Donahoe
June off the table. When will we know . When when when . You can tell us. You can whitsper in my ear. A huge halle. The dow having their best oneday gain since march 30th. They had their best day since march 16th and a handful of points away from the all time closing high of 21. 17. Lets get more on the trading action. Stationed at the nasdaq and first down to you, bob pisani on the floor where you can always hear the roar the boom out of the gate with stock this is morning. What they want is volume. We are not getting strong volume, but its decent. Lets take a look at the advance. 41 declining and nine of the ten are up more than 10 . Thats broad. Doesnt get bigger or broader than that. The push lower this week was led by the fears of higher Interest Rates. Thats abated a little bit. Interest ratesensitive groups are doing very well. They benefit the Public Storage and all of them up are two, three, even up 4 . Whats under performing if you get a flatter yield curve, regional banks do
Have got so much documents to say what you are all doing is not what you are telling the governor. It is not your fault. But if you continue on, you are going to be put in that category as either one are two that i am filing on and conspiracy . Now, i am talking for real, and just like joe hinesfield and if you dont do the right thing and sit down at the table and talk about the fillmore situation, and immediately. You cannot continue on, i volunteer to see everything thatvy been involved before you all were involved with the jefferson put together what they called the mass lease and you are all spreading millions of dollars from there to now, there are obligations that you all owe us, and the community. And if not the community, sure enough on me. You know what this calls sweat equity and i have been doing this for 20something years. Now, these obligations that you are talking about is that you want to assent and sacramento and you need to sit down with the community and not only in t
Ever before. Good morning. Look who is back. Summer vacation is over and here is stephanie ruhle. Thrilled to be here. Month. Been gone for a a lot of news happened while i was gone. And some crazy stuff. Some of you have been seeing these on twitter. Thererazy super fan out made socks. I was hoping to wear these today in honor of your return. They are really designed maybe there are are hand warmers. They are stretchy. You can see the picture. I never wanted to have my face against eric buseys sweaty feet so much. Thank you, that super fan who ordered these. Matt miller. Down to business. Economic indicators. Manufacturing data from the institute of supply management. Fors go to Michael Mckee more. You expect me to follow the sox . The news we have may not be as exciting but it is very good news for the u. S. Economy. In 59. More than expected and the highest since march of 2011. Hers rise to 60 67 from 60 34 yard production up to 60 45 from 60 12. This may be the peak. It is hard to