Points, s p dipped 0. 35 , nasdaq climbed 0. 30 we have to wonder if amazon would be responsible for some of the real damage. Its come down 125 points from its high amazon stock off another 8. 95, led us lower today it is the general sell sell sell. To the sell side. This one keeps standing out. Standing out among the weakest i can see the bear case unfolding. A month ago, amazon seemed invincible, didnt it . The other day, the former ceo of home depot gave an interview with called amazon the dark star of retail. He said Everyone Needs a strategy to deal with alexa, because lexa may be driving business to amazon instead of the competition. Now we learned today that walmart has teamed up with google on its home assistant thats competing with alexa. You could probably ask her to book a vacation somewhere and she would know where you would want to stay from what she has in the past, she could do it better than you could and less time alexa knows everything about you. I wish i had her help
Different tone from the president on taxes and trade to immigration and obamacare, his message to the markets. Plus, the market rally returns as investors digest white house Economic Policy and that possibility of a march rate hike for the fed. And prepping for the biggest u. S. Tech ipo since facebook, snap is set to price tonight but will the ipo prove a boost to the tech market . First up in his first speech before a joint session of congress the president highlighted his plans for boosting jobs and the economy including tax cuts, trade deals and a major infrastructure program. I will be asking congress to approve legislation that produces a 1 trillion investment in infrastructure of the United States financed through both public and private capital creating millions of new jobs. This effort will be guided by two core principles. Buy american and hire american. I guess we can start on infrastructure right there, jim. People paying attention to the language, legislation that produces
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