At the open 🔔
The Dow rose 20 points. The Nasdaq and S&P 500 were each up a bit at the open. But Whole Foods prices were way down.
Here’s what you need to know:
Amazon’s purchase of Whole Foods is official. Amazon slashed the prices of dozens of items at all 460 of its new grocery stores. From fresh fish to produce, prices were down across the board.
As Hurricane Harry’s remnants continued to bear down on East Texas, gasoline futures spiked by as much as 7% Monday morning. They’ve come back down to earth a bit since. Prices at the pump are expected to rise, but they haven’t moved much yet.
Uber’s got a new CEO. Expedia’s Dara Khosrowshahi is set to take over the company, and he sure has his work cut out for him. Lawsuits against former CEO Travis Kalanick and a culture that allowed sexual harrassment are just the start of what Khosrowshahi will have to deal with.
