AWS outage, futures rise, CPI report this week: 3 Things

00:00 Julie Hyman

Welcome to Morning Brief, Yahoo Finance’s flagship program. I am Julie Hyman.

00:05 Julie Hyman

Let’s get to the three things you need to know today.

00:08 Julie Hyman

First, a massive Amazon web services outage crashed major websites and platforms overnight.

00:15 Julie Hyman

Amazon now says outages are decreasing. He is seeing significant signs of improvement. Amazon, Robin Hood, Coinbase, Disney Plus and other airlines were hit as the cloud provider said an operational issue was affecting multiple services.

00:27 Julie Hyman

But the outage isn’t much of a concern for investors. Amazon shares were little changed ahead of the open.

00:32 Julie Hyman

Meanwhile, futures are pointing to gains ahead of a big week for earnings; Markets are generally bullish, with Nasdaq performing the best.

00:39 Julie Hyman

As reporting season heats up, investors will be watching major results from Netflix, Coca-Cola and GM.

00:46 Julie Hyman

Other key topics this week include more regional bank results and developments on trade with China.

00:51 Julie Hyman

And the delayed September Consumer Price Index report is finally coming out on Friday. This will be the Fed’s last look at inflation before next week’s interest rate decision.

00:58 Julie Hyman

Although the market expects a disruption, beyond that the outlook is darker due to the government shutdown. Agencies were unable to collect data.

01:05 Julie Hyman

September CPI data is particularly vital for social security beneficiaries as it is part of the formula used to calculate cost-of-living adjustments for next year.