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Report
Amazon rolls out grocery delivery service for Prime members
The Street
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12/8/2023
TheStreet’s J.D. Durkin brings you the biggest news of the day, including the November jobs report and Amazon’s newest grocery venture.
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Sports
Transcript
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00:00
I'm JD Durkin reporting from the New York Stock Exchange and here's a look at what we
00:03
are watching on the street today.
00:05
Investors are reacting to the November jobs report.
00:08
199,000 jobs were added in the month of November, above analyst expectations of 180,000.
00:15
The unemployment rate fell to 3.7% from 3.9% in October.
00:21
According to analysts, the increase in employment could be attributed to the over 40,000 autoworkers
00:26
and actors that were on strike.
00:29
This report will be key when the Federal Reserve decides interest rates on the 13th of December.
00:34
In other news, Amazon is now testing a grocery delivery service for Prime members.
00:39
Prime members will have the option to pay $9.99 a month for unlimited grocery deliveries
00:44
from Whole Foods or Amazon Fresh on orders of more than $35.
00:49
The new program will also give members a 30-minute pickup window for any order.
00:54
Of the new initiative, Amazon's head of physical store business said, "We're always experimenting
00:59
with features to make shopping easier, faster, and more affordable, and we look forward to
01:04
hearing how members who take advantage of this offer respond."
01:08
Since acquiring Whole Foods for $13.7 billion back in 2017, Amazon has worked to grow its
01:15
grocery business.
01:16
The company launched a chain of Amazon Fresh supermarkets and has merged online and brick
01:21
and mortar grocery services.
01:23
The new pilot program is being tested in three cities, Denver, Colorado; Sacramento, California;
01:29
and Columbus, Ohio.
01:30
That will do it for your daily briefing.
01:32
From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:35
Thank you.
01:36
[end]
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