The Rundown Amazon Falls on Soft Sales Forecast, Tesla Sales Slip in China
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Feb 7, 2025 The podcast dives into the latest U.S. jobs report, discussing its impact on the economy and Federal Reserve policies. Amazon faces challenges with a soft sales forecast, while Tesla encounters difficulties in the Chinese market. The surge in Pinterest's earnings is a highlight, along with the much-anticipated announcement of GTA 6. The conversation wraps up by examining how consumer behavior affects cosmetics sales and mentions the intriguing availability of the Super Bowl on Tubi.
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January Jobs Report: A Mixed Bag
- The January jobs report showed mixed signals, with lower-than-expected job growth but a drop in unemployment.
- Wage growth is increasing faster than predicted, potentially influencing the Federal Reserve's decisions on rate cuts.
Amazon's Mixed Q4 Earnings
- Amazon's Q4 earnings were mixed, with strong revenue growth but concerns about high capital expenditures.
- The company's cloud business and advertising business performed well, but potential tariff impacts and AI spending are causing hesitation among investors.
Tesla Faces Competition in China
- Tesla sales in China declined in January, while competitor BYD saw significant growth.
- Tesla is responding by cutting prices, releasing new models, and working on bringing full self-driving technology to China.