Per our last conversation about the will of a Republican president and Senate, a reader writes…
“So, when it comes down to it, how many pieces of legislation have actually gotten through the House in the last three and a half years ? Just sayin’.”
That’d be an interesting rabbit hole to go down…
Another reader repeats Wednesday’s contributor: “Why do we keep blaming Socialist Democrats when we have a Republican president and senate?”
“Really?” she says. “The ballyhoo raised by the Democratically-controlled House over ‘Russiagate’ in order to impeach President Trump (now confirmed to be a fraud/Fake News) is blatant proof of the Democrat/Socialist’s power.
“And we taxpayers are required to pay for all of the crazy-making going on over the last 42 months.”
Thanks for your opinions; we’ll have more to talk about Monday.
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Your Rundown for Friday, June 26, 2020
Amazon and Autonomous Vehicles
In a deal announced Friday: “Amazon has acquired self-driving start-up Zoox for more than $1.2bn,” reports The Financial Times, “marking the ecommerce group’s biggest investment into the autonomous vehicle sector.”
The plan, according to FT, is for “Amazon [to] work with Zoox to create a… fleet, pitting the ecommerce group against Waymo, the self-driving industry leader backed by Alphabet.”
And this isn’t the Bezos behemoth’s first foray into the self-driving sector; Amazon already owns stakes in electric truck maker Rivian and another self-driving startup, Aurora.
How will Zoox fit into Amazon’s fleet of acquisitions (including grocer Whole Foods, shoe retailer Zappos and video game platform Twitch)?
“Amazon has invested heavily in same-day delivery and demand for its services has been boosted by coronavirus lockdowns in the US, pushing its stock up 45 per cent this year to a valuation of $1.37tn.”
So expect an Amazon driverless delivery coming to Main Street America…
Market Rundown for Friday, Jun. 26. 2020
The S&P 500 Index is down 54 points to 3,030.
Oil is down over 1% to $38.20 for a barrel of WTI.
Gold’s pat at $1,770 per ounce.
Bitcoin is down $108.40 to $9,143.
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We hope you have a relaxing weekend, and be sure to check back Monday.
For the Rundown,