07/21/2017: Yep, Amazon is launching a social network

Segments From This Episode

• In Congress, a move to save an earthquake early warning system from budget cuts

  by Jed Kim

  

  Efforts to build a warning system have been going on for years. Now they face possible demise.

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• GE’s latest earnings are a last-chance showing for its CEO

  by Amy Scott

  General Electric is expected to report its second quarter earnings before the markets open today . It’ll be longtime CEO Jeffrey Immelt’s last chance to seal his legacy at the company before stepping down at the end of the month. GE’s stock has earned the distinction of being the worst performer in the Dow Jones […]

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• Sears is hoping Amazon deal will turn around its fortunes

  by Dan Gorenstein

  Sears has inked a deal with Amazon that it hopes will boost its flagging sales. Amazon will begin selling appliances by Kenmore — one of Sears’ flagship brands. But there could also be a downside for the struggling department store chain. Click the audio player above to hear the full story.  

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• Amazon’s new social media network wants you to start making impulse purchases

  by David Brancaccio

  

  Its quest for world domination continues.

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• 07/21/2017: When the company that used to be run by the Secretary of State sues the Secretary of the Treasury…

  by David Brancaccio

  The Treasury Department has fined ExxonMobil $2 million for violating economic sanctions against Russia while Secretary of State Rex Tillerson was running the company. On today's show, the BBC's Jonathan Frewin joined us to break down the controversy. Afterwards, we'll discuss Sears' new business relationship with Amazon, and then look at a possible cut in federal funding to an early earthquake-warning system.

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