FIRST AIRED: July 26, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
earnings out late Thursday from alphabet and Amazon bragging rights go to the Google parent company this time alphabet shares up about eight percent in off to rouse trade that off the second quarter revenue jumped by nineteen percent to almost thirty nine billion dollars the numbers eased investor concern over growth prospects for the search giant in the previous call to it posted a one billion dollar earnings miss sparking a big selloff in the shed as a jump in revenue from cloud computing among the pluses this time , there was a much more mixed picture at Amazon the online retailer posted its first profit miss in two years it also said income would slump in the current quarter , rising costs all to blame Amazon is ramping up spending on one day delivery , it now has one hundred million subscribers to its prime service which offers fast shipping and a Ralph old online content , now it wants to stay ahead of rivals like Walmart which offers two day delivery without a subscription Amazon says the effort is paying off sales up by a fifth to over sixty three billion dollars in the second quarter investors seem to be focused on profit slow and those only edged higher up to two point six billion dollars and shorter for costs Amazon shares fell one percent off to the numbers