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Amazon earnings miss puts further pressure on the Nasdaq

Matthew J. Belvedere
David Ryder | Getty Images. Jeff Bezos attributes this skill to Amazon's success.

IN THE NEWS TODAY

In a dramatic early Friday morning floor vote, the Senate blocked the latest Republican attempt to dismantle Obamacare, the so-called "skinny repeal" measure. Three GOP defections, including John McCain, sank the measure 49 to 51. (CNBC)

* The GOP tax reform effort just won key support (CNBC)
* Retailers cheer the death of the border adjustment tax (CNBC)

Anthony Scaramucci, the new White House communications director, unleashed a profanity-filled tirade against White House chief of staff Reince Priebus and chief strategist Steve Bannon in an interview with the New Yorker.

House Judiciary Committee Republicans are calling for another special counsel , in addition to the one leading the federal Russian investigation. They want a second counsel to look into Hillary Clinton, James Comey, and Loretta Lynch. (CNBC)

* Congress sends Trump sanctions on Russia to sign or veto (NBC News)
* Russia hits back over sanctions, orders US diplomats to leave (Reuters)

Meg Whitman dismissed speculation she may become CEO of Uber, a role co-founder of the ride-hailing service Travis Kalanick vacated last month under pressure. Whitman, currently chief executive of Hewlett Packard Enterprise (HPE), said she does not plan to move. (CNBC)

* Uber Approaches outgoing GE CEO Jeff Immelt (WSJ)

Tesla's Elon Musk is set to take the stage tonight at an event to showcase the first deliveries of the Model 3 sedan that he hopes will help transform his niche electric automaker into a more mass-market force. (WSJ)

The National Highway Traffic Safety Administration is expanding an investigation into 1.33 million Ford Explorer SUVs over reports of exhaust odors inside the vehicles and exposure to carbon monoxide that may be linked to crashes and injuries. (Reuters)

* EPA approves long-awaited fix for VW diesel cars (USA Today)

Wells Fargo (WFC) will reimburse about $80 million to 570,000 customers who were wrongly charged for car loan insurance. It's another black eye for the bank, which has been working to restore its reputation after a massive fake accounts scandal. (CNBC)

STOCKS TO WATCH

Dow stock Intel (INTC) beat estimates by 4 cents with adjusted quarterly profit of 72 cents per share. Revenue also beat. The chipmaker raised its full-year revenue outlook on optimism for its PC business.

Expedia (EXPE) fell 4 cents shy of estimates, reporting adjusted quarterly profit of 89 cents per share. Gross bookings, a key metric for the travel website operator, also fell short. However, revenue beat expectations.

Electronic Arts (EA) posted adjusted quarterly profit of 36 cents per share, beating estimates. Revenue also beat. But shares of the video game maker were pressured in the premarket after hitting a record high Thursday.

Mattel (MAT) lost 14 cents per share for its latest quarter, wider than the 9 cents forecast by analysts. The toy maker also saw revenue fall short as global sales of its flagship Barbie brand fell 5 percent.

First Solar (FSLR) reported adjusted quarterly profit of 64 cents per share, well above the 4 cent estimate. Revenue also exceeded forecasts by a wide margin, while issuing an upbeat forecast for the full year.

Boston Beer (SAM) earned $2.35 per share for the second quarter, well above estimates. The brewer of Sam Adams also reported revenue above forecasts and increased revenue per barrel produced.

Align Technology (ALGN) reported a second quarter profit of 85 cents per share, 12 cents above estimates, with revenue also beating forecasts. The maker of the Invisalign braces also delivered an upbeat outlook.



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