BBB Ep 24 - Amazon zooms, Apple jumps after quarterlies; Rand, Gold, Bitcoin rise again; Unpacking ANC's Taliban; US technically in recession

Amazon shares surged 13.5% higher in the after-market as the group's quarterly results surprised on the upside. There was a similar reaction to Apple Inc, with its share price gaining 4.5% after the official close, despite a double digit percentage drop in profit. This buoyancy came after a fourth successive rise for the Nasdaq index, which rose after the release of US data showing the world's biggest economy contracted for a second straight quarter during the three months to end June, dropping America, technically at least, into recession. That's a strange definition, however, considering the US unemployment rate for Q2 remains at a record low of 3.5%. The Rand, Gold Price and Bitcoin reacted positively to the latest data, rising strongly last night. Also in this episode of the BizNews Breakfast Briefing, Dr Ralph Mathekga explains what's behind the ANC's anti-Ramaphosa 'Taliban' faction. Learn more about your ad choices. Visit megaphone.fm/adchoices