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Transcripts For CNBC Mad 20240627

Today we found out whats wrong with the drugstores. Its not the maximum security of merchandise where you need to call the jailer to get a bar of soap. Its not the often downtrodden employees. No. Its amazon. On a day where the dow gained 36 points, up 0. 9 , i see amazon hitting an alltime high, putting it in rarefied air of the 2 trillion club. I see wall grgreens hitting a multiyear low of 12, down 22 today. After reporting an abysmal quarter, it was its worst day ever. Sell, sell, sell house of pain. We had our cnbc Investor Club meeting today, and we discussed the greatness of amazon, but i feel we gave it short shrift. Amazon is so phenomenal, it can destroy any industry it chooses to go after. Its the retail death star. We learned that amazon is planning to launch a Discount Store to go after the ultralow cost but often ultralow quality of temu and shein. Those have become the most powerful apparel makers in the woshld. Now that amazon is rolling out a similar discount story to

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