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Francesca Fontana

👤 Speaker
709 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

I can't speak for everyone, but it really feels like this year is flying by.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

I don't know where the time is going.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

All in all, the Dow rose 2.2% for the week, the S&P 500 gained 1.9%, and the Nasdaq rose 2.3%.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Now don't think I wasn't going to mention the giant internet breakdown that kicked off this week.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

No, I put it at the top of my list.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Amazon breaks the internet.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

So a quick rundown, in case you were off the grid this past week.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

On Monday, a widespread outage linked to Amazon Web Services cascaded across the web.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

More than 4,000 flights were delayed, financial transactions were affected, Slack was down, Zoom was down, Venmo, Instacart, news websites like WSJ.com, the list goes on.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

And it put into stark relief just how fragile our global internet connectivity is.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

One glitch sending huge ripple effects across corporations and our everyday lives.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Especially when, for instance, Amazon controls about a third of the public cloud computing market, aka the internet's core infrastructure.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

By late afternoon on Monday, Amazon said it had restored much of the service that had been knocked offline.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Compared to the CrowdStrike outage last summer, which sent the company's stock into a total tailspin, I'd say Amazon's stock certainly came out unscathed.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Its shares ended more than 1% higher on Monday, and on a weekly basis, Amazon notched a gain of more than 5%.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Warner Bros.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Discovery debuted some big news this week.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

The TV and film giant is putting itself up for sale.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

Warner said it's exploring a potential sale of all or some of its media holdings, setting into motion a deal process that could reshape the future of the entertainment industry.

WSJ What’s News
What’s News in Markets: AWS Outage, Warner Plans, Earnings Movers

You may recall that the Wall Street Journal recently reported Warner has received and rebuffed multiple bids from rival Paramount Skydance.