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Big GDP Report; Amazon delivers; Chipotle goes up



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. 1 Great Expectations: The US Government Publishes Its First Look at Second Quarter GDP at 8:30 ET and May Be Large

Economists polled by Thomson Reuters predict economic growth of over 4%.

The combination of tax cuts and a tight labor market could have fueled growth in the quarter. Some economists say trade concerns may also have increased numbers as countries raced to import US goods before tariffs came into force.

The American economy has been growing for nine years, making it the second-longest boom since records began.

2. Amazon Delivers: The technology company has achieved a quarterly profit of over $ 2 billion for the first time in its history. This impressive increase was fueled by continued growth in prime subscriptions, cloud computing and the burgeoning advertising business.

Amazon announced on Thursday that it had made a profit of $ 2.5 billion in the three months to June, an astounding jump over the $ 1

97 million earned in the same period last year.

It was the third quarter in a row that Amazon made a $ 1 billion profit, a remarkable achievement for a company that once invested so much in its business that it often lost money.

Shares in Amazon ( AMZN ) were active in pre-trade.

3. Disney Deal: [ DIS ) Acquisition of most of 21st Century Fox ( FOX ) is coming to the door officially. Fox shareholders are expected to meet on Friday and are expected to approve the deal.

Comcast ( CCZ ) commanded for the same assets, but failed earlier this month.

Fox's market value increased by 36% during the bidding war. Disney now has the most impressive content portfolio in Hollywood, completing an already impressive stable that includes Marvel, Pixar and LucasFilm.

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4. Market Movers: Twitter [ TWTR ) Share is up 15% pre-trade after the messaging platform reports earnings before the opening would have. In the second quarter, the company reported a decline in the user base.

Shares in Expedia [19455171] EXPE and Chipotle ( CMG ) were among the top winners in pre-market Trade.

Facebook ( FB ) Equities rebounded 2% pre-trade after slumping record losses Thursday.

Shares in Chinese E-Commerce Company Pinduoduo ( PDD ) which rose 40% during its Nasdaq debut on Thursday, should rise by a further 7%.

Intel ( INTC ) and Electronic Arts [ EA ) emerged pre-trade when investors turned up their last received revenue.

5. Deal Maker: Shares in BHP ( BBL ) rose 4% in London after the company announced that it sold its US shale assets for $ 10.8 billion. Most were acquired by British energy giant BP ( BP ) .

Chesapeake Energy ( CHK ) also entered into a deal: The company announced that it would be its entire slate in Ohio to Encino Acquisition Partners for around 1.9 Sold billions of dollars. Chesapeake shares rose 10% ahead of time.

6. Overview of the Global Market: US stock futures held steady.

The European markets have developed the most in early trading. Asian markets ended the day with mixed results.

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7. This week come:

Friday – Exxon Mobil ( XOM ) and Merck ( MRK ) Report the result; 21st Century Fox ( FOX ) holds shareholder meeting; US Reports Q2 GDP Data

CNNMoney (London) First published July 27, 2018: 5:07 AM ET


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