0nline retailer amazon leads a barrage of tech earnings. Its sales were up 34 in july to september, compared to the same period last year. And its bye, bye, bye to floor trading on the Hong Kong Stock Exchange. After more than 30 years, its going fully electronic. Welcome to World Business report. Im ben bland. Inafew in a few moments will be live on the floor of the Hong Kong Stock Exchange for one last glimpse before it closes. Thursday was a huge day for Technology Company results. Four of the big global tech giants reported their latest earnings. Alphabet, googles parent company, microsoft and twitter all posted their key numbers. But lets start with a look at amazon. The retailer reported revenues of almost 41; billion in the three months betweenjuly and september thats a jump of 34 over the same period last year. But profits were virtually unchanged since last year thats because this is often the quarter when amazon chooses to pile a bunch of money into its own projects like tech
Higher, nasdaq climbing. 33 , we keep hearing obituaries for this market will the alleged cause of death will something natural like old age or stocks went up too far too fast given the fundamentals . Will be slaughtered by the disappointment out of washington maybe just maybe the grim reapers being held at bay by a series of positive events closely tied to the nature of how companies are doing, hence the continued sense on both wall street and main street that theres value and then there are hills. Or at least values and then prices just look at broadcoms 105 billion hostile attempt to acquire qualcomm the thing about technology is skeptics dont understand how the industry has gotten so much bigger certainly the stocks are valuable with trading. The tie up with disney and fox, the story broke earlier today where disney will be buying the nonsport part just like broadcom trying to buy qualcomm, a disney fox deal make it so therell be less concentration on one product in this case espn.
Board that just approved the release of o. J. Simpson. Im talking about todays stock market where we saw a host of stocks just get hammered as sellers decided what the heck. Im not sticking around for any con vick slon. Im outta here as so often with the market, you cant rem i see the losses on the surface, because the money rotates from one place to another. It doesnt leave the house just dipping 29 points nasdaq actually climbing. 08 . Lets start with the shocking declines in the stocks of home depot and lowes, which shed 4 and 5. 56 respectively in this one session. These are two incredibly wellrun chains. The last quarter is particularly strong for home depot, where it delivered the requisite monster uprise surprise. Along with the 3. 75 billion boyback. The stock just kind of sat there initially. And then it has since meandered downward over time despite the excellent numbers. The best of the major retailers. It would sure look like a buying opportunity given that home depot does
Stock market fueled and i think quite rightly so on optimism that donald trump is looking out for america. Hes going to do the right things economically, Foreign Policy. But economically i think theres still a few gotchas for most people out there. Look, we have Median Household Income thats sll inflation adjusted still lower than it wa in 1998, dagen, its lower than it was in 2007. We have a Labor Force Participation that continues to decline. Just a couple years ago was 66 . Now its barely just a little bit below 63 . So theres people out there that dont have a job and still they feel, my gosh, i cant keep up with inflation with what im making. Lets put the money back in their pockets. We know the government doesnt spend it effectively. We know the people, its their money, they earned it, its the best thing donald trump can do to kick off the new year. Jonas, Consumer Confidence the highe esest level its been since before 9 11. And its because of the actual expectations of people loo
Stock market fueled and i think quite rightly so on optimism that donald trump is looking out for america. Hes going to do the right things economically, Foreign Policy. But economically i think theres still a few gotchas for most people out there. Look, we have Median Household Income thats sll inflation adjusted still lower than it wa in 1998, dagen, its lower than it was in 2007. We have a Labor Force Participation that continues to decline. Just a couple years ago was 66 . Now its barely just a little bit below 63 . So theres people out there that dont have a job and still they feel, my gosh, i cant keep up with inflation with what im making. Lets put the money back in their pockets. We know the government doesnt spend it effectively. We know the people, its their money, they earned it, its the best thing donald trump can do to kick off the new year. Jonas, Consumer Confidence the highe esest level its been since before 9 11. And its because of the actual expectations of people loo