Amazon Prime Day unveiled: What to expect

Amazon has officially announced its 2024 Prime Day dates. Here's what shoppers need to know.

Transcript

00:00I'm Conway Gibbs reporting from the New York Stock Exchange. Here's what we're watching on the street

00:03today. The S&P 500 and the Nasdaq were back in the green as NVIDIA rallied for the first time

00:09in four sessions. Meanwhile, big home price gains in San Diego, New York, Chicago, Los Angeles,

00:15and Cleveland catapulted home prices to a new record high according to the S&P CoreLogic

00:21Case-Shiller Index. Investors now look ahead to Micron's quarterly results as well as Chipotle,

00:27which will start trading on a 50-for-1 stock split basis on Wednesday. In other news,

00:33Amazon Prime Day is coming. The online retailer's attempt to lure shoppers to its site

00:38during the slower summer months is set for July 16th and 17th. Inflation-weary shoppers are

00:43expected to flock to the site where they can find markdowns of up to 73 percent on some items.

00:49Amazon says millions of products will see price cuts, including brand name items from Clinique,

00:55Kiehl's, KitchenAid, and even Coach handbags. There's also going to be pre-Prime Day sales

01:01leading up to the main event. But there is, of course, a caveat. While all the sales are open

01:06to all shoppers, the best bargains are reserved for Amazon Prime members who pay a monthly fee

01:11of 15 bucks. Expectations are riding high after a record-setting Prime event last year. Amazon

01:17said it sold 100,000 items every minute during the two-day sale, raking in over $2.5 billion

01:25in sales. That'll do it for your daily briefing from the New York Stock Exchange.

01:29I'm Conway Gittens with The Street.