We have now publicly traded companies and we are unique in the way we are truly a Member Organization created 75 years ago under the guide of one number one vote. So nfib members vote the ballot and set policies for nfib. We dont decide what is good for Small Business. They tell us and we take that to state capitals and to the hill to lobby on your behalf. When it comes to going to build what is the main message you deliver at the white house if you have that relationship . One of the things most policymakers dont understand is Small Business makes up half the economy and have the job growth. Reminding them how important Small Business is to the wellbeing of the country through employment, growth and all that and reminding them Small Businesses are different, they are small, familyrun, in smaller communities having 1sizefitsall policy from washington that might be great for large corporations can harm Small Business. Does that apply to this accident to Small Business . Great point. We
2. 25. And oil, as you see, still below 50. A move made this week as we watched the commodity complex come down across the board. The road map starts with amazon overtaking walmart in market cap after reporting a surprise Second Quarter profit. The shares up 20 in the premarket. Star bucks shares also higher ahead of the open. The coo told jim last night. And anthem agrees to buy cigna. The price and the release is 188 a share. In reality, its a bit less than that. Well get to that deal. We begin with amazon reporting a Second Quarter profit of 0. 19 a share while wall street was expecting a 0. 14 a share loss. Sales up 20 . That was up by strength in web services. Shares of amazon surging in the premarket putting the market cap above that of walmart and making founder and the ceo about 7 billion richer. Thats right. 7 billion more just from the move up. Thats a side show. The main show is the numbers themselves. This Company Getting rewarded perhaps like no other for Revenue Growth. M
We have gone through a string of low inflation. I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way this and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or take immediate measures because of low inflation, that is news. Yellen is getting dovish anyway, but it plays in flat trends and the market has gotten a little short as well. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and support being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates that if that does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment proces
Talk. Our Political Insider weighs in. And we will weigh in to a beautiful start to sunday morning. Lots of sun around. But first, here is latest. It is 8 30 on sunday, sep president. I am anne makovec. And i am bill clinton. We have a matte. We bill ma tear. We have a lot of stories to cover. Yes. The bart strike deadline is just hours away. Negotiators are hopeful they can reach an agreement. I am always optimistic. You guys know that. They definitely have the Resources Available but they seem to be fixed on certain point and it seems more political than economic. We hope we get this thing done. Whether or not we dont or do, it is up to them, not us. We dont stop the train. The talks will restart at 9 30 this morning. Bart management began negotiating with two unions representing about 2,500 people april 1st. Workers went on strike for 8. 5 days in early july and Governor Brown had a 60 day cooling off period that expired last thursday. Then there was a 72 hour strike notice issued.
What a beautiful morning. We will have your forecast for your sunday coming up. It is 7 30 on october 13th,. Hundreds of thousands of people this morning are waiting, wondering if they are going to be able to find a new ride to work tomorrow depending on what happens today. These bart labor talks will resume in a couple of hours with a strike deadline hours away. Negotiators for both sides say they are still hopeful they can reach an agreement. Im always optimistic. You guys know that. Im always optimistic. We are looking for a deal. We dont want Service Interrupted so we are looking to make a deal. They definitely have the Resources Available but they seem to be fixed on some certain points and it seems more political than economical. We hope we get this thing done, whether or not we dont and whether they do, thats up to them, not us. We dont stop the train. The talks will restart at 9 30 this morning to try to head off a strike at midnight. Bart management began negotiating with two