Amazon Prime Day (and a Half) Will Be the Biggest One Yet
*By Max Godnick*
This year, Amazon's Prime Day is really more of a day and a half.
The thirty-six hour global shopping spree is the longest promotion in the event's four year history. While everything from light bulbs to luggage will be on sale, the made-up holiday is meant to drive shoppers to Amazon's own lines of products and devices.
"It's a really ingenious supervillain-type of idea by Jeff Bezos," said Matt Swider, the senior mobile and buying guides editor at TechRadar, in an interview with Cheddar on Thursday.
Prime Day's best deals have always centered around the company's own offerings such as the Echo, Kindle, and Fire suites. Swider says he expects the prices of those items to hit all-time lows when the event starts on July 16th.
"It's almost like the GoPros and the Playstations and the XBoxes are there to tempt you to the site, and then you'll buy Amazon products" he said.
This year, Amazon will extend the Prime Day deals to its brick-and-mortar Whole Foods and Amazon Go operations, bringing the day of savings into the real world for the first time ever.
Prime Day is Amazon's answer to the biggest shopping days of the holiday season: Black Friday and Cyber Monday. Swider said the company picked July because it's in a relatively quiet period in the national cycle of holidays and pop-culture events. While it hasn't quite lived up to the standards set by the end-of-the-year shopping rush, Prime Day fills a niche all its own: affordable home goods.
"It can't compare if you're looking for a Black Friday or a Cyber Monday," cautioned Swider. "If you're looking to pick up an item or two that you've been putting off, this is the time to buy it."
For the full segment, [click here.](https://cheddar.com/videos/everything-you-need-to-know-about-amazons-biggest-prime-day-yet)
Hyperice is a technology company that specializes in physical recovery for athletes, and it's now partnering with the NFL. Christian McCaffrey, Carolina Panthers running back and Hyperice athlete-investor, and Jim Huether, Hyperice CEO, joined Cheddar News to discuss the partnership. "It's definitely for both for performance and for recovery, as somebody who plays a brutal sport and have to go through some of the unfortunate realities of injury," McCaffery said of the products. "You're always fighting for that 0.1 percent difference between winning and losing and and the little things and every second matters."
Aurora Cannabis showed a beat on sales for its quarterly earnings report, a positive sign despite a loss of $59 million. CEO Miguel Martin, joined Cheddar Movers to discuss its latest earnings and prospects for future growth. "If you look at our core businesses, they've all had a great quarter, so steady as we go. Our transformation plan is absolutely on track and we feel really good about where the company's going," he said. "Our balance sheet has never been stronger." Martin also discussed entering the U.S. market and the prospects for the medical marijuana market.
Elon Musk announced that he expects Starship to reach orbit in 2022. The SpaceX CEO delivered updates about the largest space vehicle to be constructed from its Texas facility. Jim Cantrell, CEO and co-founder at Phantom Space, joined Cheddar News to talk about the future of Starship. "I've always done wrong by betting against Elon," he said. "The one thing that I find very curious is it launches 100 metric tons into space, and last year, in the entire year, we launched 750. So, you know, with about seven launches, he could launch every satellite on Earth."
Shares of Astra fell after the aerospace company announced a failure to deliver its NASA satellite payload mid-launch, resulting in its stock price plummeting to the point where trading had to be halted twice.
Amid a string of recalls for their electric cars, Tesla is also facing a lawsuit over workplace discrimination. The electric automaker is being accused by California’s Department of Fair Employment and Housing of a pattern of racial discrimination against Black workers. Caleb Silver, Editor-in-Chief at Investopedia, joined Cheddar News to discuss the numerous technical and safety issues that led to the recalls and the allegations of systemic racist abuse at its Fremont plant. "Tesla disputes these claims, but still you can’t avoid the pattern," he said.