Apr 21, 2017

How Amazon will become the first $1 trillion stock

The case for "AMZN $1T" by Scott Galloway, founder of marketing company L2 and an NYU professor, is spelled out in a MarketWatch post:

The strategy: "I think Amazon is going to say to a series of households, 'Tell you what: You don't need any other retailer.'"

The long game: "Jeff Bezos & Co. have declared war on conventional brands, changed the relationship between a company and its shareholders, and deployed Alexa ... in clever ways. ... Amazon is giving people a discount on laundry detergent and other products when they order through Alexa."

Why it matters: "[T]he stock's going to become the first $1 trillion market cap company in the history of business."

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Debate night: Candidates' last face-off before Super Tuesday

Sanders, Biden, Klobuchar and Steyer in South Carolina on Feb. 25. Photo: Jim Watson/AFP via Getty Images

Sen. Bernie Sanders wants to keep his momentum after winning New Hampshire and Nevada, while former Vice President Joe Biden hopes to keep his own campaign alive. The other five candidates are just trying to hang on.

What's happening: Seven contenders for the Democratic presidential nomination are in Charleston, South Carolina, for the tenth debate, just days before the South Carolina primary and a week before Super Tuesday. They're talking about health care, Russian interference in the election, the economy and race.

Go deeperArrowUpdated 7 mins ago - Politics & Policy

Sanders to Putin: You won't interfere in any more elections if I'm president

Photo: Scott Olson/Getty Images.

Sen. Bernie Sanders sent a message to Russian President Vladimir Putin on the debate stage Tuesday, stating, "If I'm president of the United States, trust me, you're not going to interfere in any more American elections."

The big picture: It was unveiled last week that Russia has been interfering to boost Sanders' campaigns in an apparent attempt to strengthen President Trump's bid for reelection. Former New York Mayor Michael Bloomberg said that "Vladimir Putin thinks that Donald Trump should be president of the United States, and that's why Russia is helping [Sanders] get elected.

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