The economy created 160,000 new jobs for the month. That was below expectation, but the Unemployment Rate fell to 7. 4 . As fewer people looked for jobs. It was a record setting week for the markets, meanwhile the dow and s p 500 kicking off the month of august with a bang, hitting new highs on thursday. After kmepts made by the fed earlier in the week. The s p 500 closed above 1700. And the markets continued to rise on friday. Those comments were after a 2day meeting wrapped up, and the feds announced that they would continue to buy bonds and mortgagebacked securities to keep Interest Rates low. But the fed used the phrase, modest growth instead of moderate growth. It was a slight and subtle down grade. The First Reading of the gdp was released this week and it came in stronger than expected. It rose 1. 7 . And expectations had been for an increase of. 9 of a . The biggest drag was government spending, with cut backs due to the sequester. Consumer buying was strong. Master card, beat
The economy created 160,000 new jobs for the month. That was below expectation, but the Unemployment Rate fell to 7. 4 . As fewer people looked for jobs. It was a record setting week for the markets, meanwhile the dow and s p 500 kicking off the month of august with a bang, hitting new highs on thursday. After kmepts made by the fed earlier in the week. The s p 500 closed above 1700. And the markets continued to rise on friday. Those comments were after a 2day meeting wrapped up, and the feds announced that they would continue to buy bonds and mortgagebacked securities to keep Interest Rates low. But the fed used the phrase, modest growth instead of moderate growth. It was a slight and subtle down grade. The First Reading of the gdp was released this week and it came in stronger than expected. It rose 1. 7 . And expectations had been for an increase of. 9 of a . The biggest drag was government spending, with cut backs due to the sequester. Consumer buying was strong. Master card, beat
What is your claim to fame . Im the founder of amazon. Com. What began as an online bookstore a millennia from now, people are going to look back and say wow. Has become a virtual empire. Amazon really is arguably the most Successful Company in the history of business. Wow, thats saying a lot. This is the beginning of ecommerce. You guys didnt even know if this thing was going to work. We had a pretty good instinct. If you make the best Service Online, people will come. This is a company that wants to control the infrastructure. As computers continue to get cheaper, we will layer innovation on top of that. Its plausible that amazon will know you better than you know yourself. Alexa. Its in our homes. Should people trust that it wont be used against them in some way that they dont authorize . Absolutely. At our fingertips . Amazon web services took over the web basically in a decade. Does having that much power give you pause . Thats a significant responsibility. Were aware of that. And
Ecommerce. You guys didnt even know if this thing was going to work. We had a pretty good instinct. If you make the best Service Online, people will come. This is a company that wants to control the infrastructure. As computers continue to get cheaper, we will layer innovation on top of that. Its plausible that amazon will know you better than you know yourself. Alexa its in our homes. Should people trust that it wont be used against them in some way that they dont authorize . Absolutely. At our fingertips. Amazon web services took over the web basically in a decade. Does having that much power give you pause . Thats a significant responsibility. Were aware of that. And now it fuels our economy. Amazon is americas second trillion dollars company now. The company is now worth almost as much as the entire economy of australia. Is amazon too big . I dont think amazons too big. Amazon has got to pay i think they have monopoly power. Amazon has become an Invasive Species. So you think amazo