Amazon rolls out grocery delivery service for Prime members

TheStreet’s J.D. Durkin brings you the biggest news of the day, including the November jobs report and Amazon’s newest grocery venture.

Transcript

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.

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