Bloomberg Market Wrap 7/15: Amazon Shares, Oil, Steel Stocks

The video discusses Amazon's Prime Day event and its impact on the company's market cap, which is nearing a trillion dollars. It also covers the oil market, highlighting the drop in WTI prices below $60 due to factors like Hurricane Barry and China's economic slowdown. Lastly, the video examines the steel industry, focusing on the effects of US tariffs and recent stock performance.

What event is Amazon closely monitoring that could impact its market cap?

• Cyber Monday

• Singles' Day

• Prime Day

• Black Friday

What was a significant factor in the recent decline of WTI crude oil prices?

• Rising demand in Europe

• OPEC's decision to cut production

• Hurricane Barry moving inland

• Increased production in the Middle East

Which country's economic slowdown is affecting the oil market?

• India

• China

• Russia

• Brazil

What did U.S. President Donald Trump propose that affected the steel market?

• Reducing steel imports

• Subsidizing foreign steel

• Increasing U.S. steel usage

• Eliminating steel tariffs

What has been the impact of tariffs on foreign steel on U.S. steel companies?

• More foreign investments

• Higher stock prices

• Decreased market cap

• Increased profits