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Amazon to hire 100,000 workers in U.S., Canada

Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Ines Ferre discuss the market action for Amazon.

Video Transcript

BRIAN SOZZI: Let's get back to Ines Ferre for a look at several stocks. Ines, Amazon continuing to gobble up human beings to work in their plants.

INES FERRE: That's right. And Amazon now planning to hire some 100,000 workers in the US and also in Canada as e-commerce just continues to surge during the pandemic. Amazon says that it will hire full-time and also part-time worker at dozens of locations. The jobs will start at least at $15 an hour. Remember that Amazon will be holding a career day this Wednesday. Last week, it had announced that it was going to hire for some 33,000 job openings for corporate and also tech positions in the area of Alexa, AWS, and also Prime Video.

I want to mention ViacomCBS, more than 1.5%. Viacom CBS is going to be selling CNET to Red Ventures for $500 million. Last month, "The Wall Street Journal" had been reporting that it was in talks-- the two companies were in talks last month for this deal to go through. CNET was acquired by CBS in 2018 for $1.8 billion. So you can see the valuation of the company that just went down from there. It was, at one point, of the most popular digital networks in the US.

I want to mention also an anticipated IPO that will be happening this week. Snowflake, the cloud company, it has raised its price range to $100 to $110 a share. That's up from $75 to $85. And it's offering 28 million shares, hoping to raise some $3.08 billion. It will be trading under the ticker symbol SNOW.

And one last mention, Brian, that I just want to note, that Oracle shares have started trading again. They were halted for trading for news pending earlier this morning. The stock is up more than 6%. Oracle has confirmed that it is part of a proposal to acquire the US operations of TikTok from ByteDance-- or the proposal for a deal, I should say, with ByteDance. And the US will be reviewing that proposal, Brian.