Good morning. Welcome to squawk alley. Sarah eisen, mike santelli. Joining us this morning, farhat manju. And also jason calicanis, ins e inside. Com founder. Shares hitting alltime highs this morning. Third record in a row. Jeff bazos speaking at the companys shareholder meeting. Now is not the time for complacency. There is no rest. We can not rest on our laurels. The competition is as fierce and challenging as ever. Speaking of not resting, amazon plans to open the door of a brand new bookstore in midtown manhattan on the site of what was once a borders book star. Farhat, one of the questions is, are they trying to make money . Are they trying to rub it in to these book sellers that they helped put them out of business . Whats the goal here . I dont think they are trying to rub it in. They are trying to make money. Thats what they do, sometimes. Stores are good for discovery, looking at electronics. They can try out lots of experimental things with the check outli list store they ar
Sales at 10 00 eastern time. Economists are looking for sales to have risen by 9 just over the last month. Andrew, back over to you. We have Corporate News it talk about this morning. Hewlettpackard announcing it plans to cut as many as 16,000 more jobs. This is part of meg whitmans plan. The Company Posted Quarterly Earnings in line with investors. Also, take a look at gap. Gaps earnings beating the street by a penny. Revenues in line. The retailer is dealing with weak demand for its gap and Banana Republic apparel brands. They had a bit of a resurgence, nor more questions. Aeropostale warning of a betterthanexpected loss. I havent been there in a while. I hope not. Its a teen retailer. I do remember the days, abercrombie, american eagle, aeropostale. We should tell you, tivo, which i do have and like by the way, tivo shares getting a boost in extended hours trading. Earnings beating the street. Total subscribers crossed 500,000 for the first time. Thats happening more often than not
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