Financial Focus: Big banks, Amazon, FedEx and fast food

Video Credit: KTNV Channel 13 Las Vegas
Published on January 16, 2020 - Duration: 01:53s

Financial Focus: Big banks, Amazon, FedEx and fast food

Financial Focus: Big banks, Amazon, FedEx, and fast food.

Financial Focus is sponsored by Clark County Credit Union.

Watch it weekdays on 13 Action News.


Financial Focus: Big banks, Amazon, FedEx and fast food

WALL STREET...DOW IS UP 91 POINTS...NASDAQ IS UP 7 POINTS...S-P500 IS UP 6 POINTS...AND IN LOCAL GAMING...BOYD IS UP 2 PERCENT CAESARS ISDOWN POINT 1 PERCENT MGMIS DOWN POINT 6 PERCENTLAS VEGAS SANDS IS UP POINT 2PERCENT WYNN IS DOWN SLIGHTLYSRED ROCK RESORTS IS UP POINT 8PERCENT.IN TONIGHT'S....FINANCIAL FOCUS...AMERICA'S BIGGEST BANKS ARESEEING MORE PROFITS....DESPITE INTEREST RATE CUTS....THAT MADE LENDING....LESS PROFITABLE.J-P MORGAN CHASE JUMPED 21PERCENT IN THE FOURTH QUARTER,EARNING "8 AND A HALF" BILLIONDOLLARS.MEANTIME, CITIGROUP'S PROFITSROSE 15 PERCENT -- TO JUST SHYOF "FIVE BILLION" DOLLARS INTHE FOURTH QUARTER.AMAZON HAS LIFTED ITS BAN ONITS THIRD-PARTY SELLERS....USING "FED-EX GROUND"....FOR SHIPMENTS.AMAZON PUT THE BAN INPLACE.....NEARLY A MONTH AGO SAYING....FED-EX WAS FAILING TO MEET ON-TIME DELIVERY REQUIREMENTS.....FOR ITS PRIME CUSTOMERS.FED-EX STOCK JUMPED....-2- PERCENT....AFTER THE NEW ANNOUNCEMENT.HOWEVER...AMAZON IS STILL TRYING TO BUILDUP.....ITS OWN SHIPPING NETWORK.THE FAST FOOD INDUSTRY MAY NOTBY A TRADITIONAL CAREER PATHBUT SOME RESTARAUNTS ARE TRYINGTO CHANGE THAT.TACO BELL JUST ANNOUNCED....IT'S INVESTING MORE....INTO ITS EMPLOYEES.ALL EMPLOYEES CAN NOW GET....-24- HOURS OF PAID SICKTIME.... PER YEAR.

AND....GENERAL MANAGERS CAN NOW EARNUP TO....-1- HUNDRED-THOUSANDDOLLARS....A YEAR.RIGHT NOW...MANAGERS MAKE CLOSER TO....-40- TO -60- THOUSANDDOLLARS.... A YEAR."ITS ALL ABOUT CREATING ACULTURE WHERE EMPLOYEES FEELLCOMFORTABLE TALKING TO THEIRLEADERS ABOUT THEIR CAREERASPIRATIONS."CAREER EXPERTS CALL IT.....A BOLD MOVE....THAT'S NECESSARY....TO ATTRACT ENTRY LEVELWORKERS....IN THIS TIGHT JOB MARKET.THE FAST FOOD INDUSTRY ISEXPECTED TO GROW....-11- PERCENT....BY 20- 28.TONIGHT'S FINANCIAL FOCUS ISBROUGHT TO YOU BY "CLARK COUNTYCREDIT UNION"..NEXT ON 13 ACTION NEWS...

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