Micron chairs plunging this morning.
As you can see, almost 15 or over 15%.
The company's earnings were above estimates.
Revenue was in line, but then the guidance for the
current quarter came in weaker than expected.
The company and said that consumer oriented markets will be
weaker near term does expect a return to growth though
in the following two quarters.
But you have to take their word for it.
Meantime, Amazon founder Jeff Bezos spotted at Mar a Lago
yesterday with Lauren Sanchez's fiance.
Bloomberg reported that Elon Musk was at the table with
Bezos and the president-elect for dinner at the deal book
conference earlier this month, Bezos struck a positive tone about
Trump's second term as president.
I'm actually very optimistic this time around that we're going
to see.
I'm very hopeful about this.
His he seems to have a lot of energy around
reducing regulation.
And my point of view, if I can help him
do that, I'm going to help him.
Later this morning, we're going to speak with Yale's Jeff
Somenfeld about the relationship between Trump and CE OS.
Meantime, thousands of Amazon workers are striking this morning.
The Teamsters union is holding demonstrations at several US warehouses,
including in New York, California, Illinois and Atlanta.
Union officials say that the retailer failed to come to
the bargaining table to negotiate contracts.
While the strike will be a challenge to Amazons holiday
fulfillment push, union representative facilities compromise only about 1% of
Amazons hourly workforce.
The company says it does not expect any impact on
operations.