We start with amazon, because the Online Retail giant has revealed another set of mind boggling sales figures. Ceo jeff bezos says efforts to make one day delivery the norm for prime customers are paying off with accelerating sales growth. Shares have fallen though as investors were disappointed with how little profit amazon is making on all that business. Lets show you the details. Amazon made revenues of 63. 4 billion in the three months to the end ofjune. That was up 20 on the same period last year. But only around 2. 6 billion of that was profit less than investors were hoping. And its forecasting profit could be lower in the current quarter. Amazon has been spending heavily 800 million in the past three months alone to try and offer one day delivery on more products. Ceo jeff bezos says its now available on 10 million items and that is boosting sales. But amazon is facing growing pressure over its sheer size and power. Its facing antitrust investigations in the us along with the o
Is it better to travel then arrive . What would impeachment really mean for brazil . Welcome. Where a half hour away from the open. Let me take you to the bloomberg did let me show you where we think that open is going to be. It is a shortened week, as a result you may not see the volume you normally get. We will be opening softer did the euro stoxx down by. 3 . The cac looks like it is going. 6 . En softer, down by what else is on the move . King dollar. What is happening as the recent move down has the recent move down started to run out of steam. You it is up by. 1 good crude, that fellow friday, it has extended into monday. We are trading on the brent contract, just north of 50. We are going to talk to a major out of nigeria. Shanghai very strong. That rally continues. Take a look at gold. Check out the goldsilver ratio. Lets talk about what we need to know good here is the bloomberg first word news with Timothy Loehmann often. Above 50,000 level for the first time in two months. T
Other big s p winners, general growth, regeneron pharma, wyn ddz ham and under armour. Cvs up about 900 . Priceline, chipotle and netflix. Well talk about where that goes from here. First, before we do that, lets get some other corporate headlines. This one, i dont know what you think of this one, joe, snapchat now valued at near 10 billion. A lot company, 10 billion. The number based on a recent investment in the messaging start up. The wall street journal reporting that vc cliner perkins committed up to 20 million. Among the other startups now boasting valuations of 10 billion or more. B b and uber. And payment provider square theyre also getting a valuation boost. On their way to 6 billion. That Company Reportedly in the process of raising about 200 million in cash. Square, of course, run by twitter cofounder jack dorsey. Square was valued at 5 billion earlier this year and you might recall that starbucks has an investment in that company. And then we got a little bit of media tech
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
Those cuts amount to 4 of the Companies Workforce and is estimated to save 1. 1 billion every year. Stocks now and every 15 minutes. Nicole petallides. Nicole we are looking at a market that is to the downside. Lets take a look at citigroup. It is about 4 of the workforce. Citigroup is higher. It has had an up arrow throughout the day today. We saw the Dow Jones Industrials this week to the downside. We had two consecutive days in selling. Down arrows for the nasdaq. Down 1. 1 . Connell breaking news out of washington. Earlier, Speaker Boehner speaking about the fiscal cliff. Now it is president obama. Lets listen. We have emerged not yet where we need to be, but we certainly have made progress. The reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. I have said this to some of the small groups, let me repeat it to the large groups, i am pass