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Amazon continues to branch out — this time into live sports. The online giant has developed a reputation one of the world’s largest retailer. But with low margins on most products, combined with free shipping options, Amazon must be creative when it comes to generating revenues. Their real profit comes from other offerings, such as Amazon Web Services and Amazon Prime. Now, Amazon has won the rights from the NFL to broadcast Thursday Night Football games. What’s the benefit to Amazon of streaming live games for free? Is this part of Amazon’s master plan?
Read The Capitalist’s Take Here
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TRUMP REMOVES STEVE BANNON FROM NATIONAL SECURITY POSITION
President Trump on Wednesday removed controversial White House chief strategist Stephen K. Bannon from the National Security Council, part of a sweeping staff reshuffling that elevated key military and intelligence officials to greater roles on the council and left Bannon far less involved in shaping the administration’s day-to-day national security policy. The restructuring reflects the growing influence of national security adviser H.R. McMaster, an Army three-star general, who…
Read More at Washington Post Here
Read More at Fox News Here
Read More at Wall Street Journal Here
FED TO START UNLOADING $4.5 TRILLION BALANCE SHEET; RATES EXPECTED TO RISE QUICKLY
Federal Reserve officials said the shedding of the $4.5 trillion in bonds the central bank is holding on its balance sheet will begin this year. The revelation came Wednesday from a summary of the Federal Open Market Committee meeting held in March, during which the group approved a quarter-point hike in its benchmark interest rate target. Officials at the meeting noted that the Fed likely is on a faster pace with rate hikes ahead. Unwinding the balance sheet is significant both because of its sheer size and …
Read More at CNBC Here
Read More at The Street Here
Read More at Washington Post Here
Closing Bell
– Wednesday, April 5th
Markets Swing DOWN After Fed Releases March Minutes
Big Insider Trades
– MACOM Technology Solutions Holdings, Inc. (MTSI) CEO John Croteau Sells $2.25m
– G-III Apparell Group Ltd.. (GIII) CEO Morris Goldfarb Buys Another $750k
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