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Premarket: Here's what you need to know before the clock



Amazon ( AMZN ) reported Thursday a profit of $ 2.6 billion for the three months ending June – up from the previous year, but well below the record of 3 $ 6 billion over the first three months of this year. That concludes Amazon's line of four quarters in a row with record profits.
The weaker profits come as Amazon ( AMZN ) invest heavily in accelerating deliveries. The company announced earlier that it would spend $ 800 million in the second quarter to create a free one-day shipping standard for its Prime customers and effectively halve the regular shipping window. The Amazon share was down 1
.4% in the premarket.
2. Google rebound: Any concerns about reducing the growth of Google parents Alphabet ( GOOGL ) may have been too early.
Alphabet reported $ 38.9 billion in revenue for the three months ending June, over analysts' estimates of $ 38.2 billion. The number increased by 19% from the same quarter last year. The company also authorized a new $ 25 billion repurchase. Google's advertising revenue, which includes YouTube, grew by 14% from the same period last year to $ 32.6 billion.

The shares in Google were above 8% ahead of the market.

Alfabets previous quarter disappointed. The company has developed a number of new business divisions, including cloud computing and hardware. However, investors have begun to wonder if the new business areas can be as big as advertising, as the main advertising business matures.
3: Vision Fund 2: On Friday, SoftBank said they expect to raise $ 108 billion for new Vision Fund 2 from such Apple ( AAPL ) Foxconn, Microsoft ( MSFT ) and Kazakhstan's Investment Fund.

The Japanese technology company said it intends to invest $ 38 billion of its own money in the fund.

Vision Fund 2 will plow money for tech startups powered by artificial intelligence. SoftBank ( SFBTF ) Entrepreneur Masayoshi Son has repeatedly said that he wants to have a stake in companies that lead the AI ​​revolution.
Son launched his first huge tech fund in May 2017, with almost half of the money coming from the Saudi government. This fund has invested heavily in dozens of start-ups like WeWork and Slack ( WORK ) and is the largest shareholder in Uber () ] UBER ) .
4. Global Market Review: US equity futures are higher as investors distribute revenue reports and prepare for US GDP data.
Second quarter GDP data will be released at. 20:30 ET. The consensus estimate is for a growth of 1.8%. Boeings ( BA ) 737 Maximum production decline can be a factor in the weak performance.
Companies Including McDonald's ( MCD ) and Twitter ( TWTR ) will report about income. Wanda Sports, the Chinese company behind Ironman triathlon, is scheduled to start trading on Nasdaq on Friday.
The European markets opened up the mixed trend in Asia. Shares in Chinese car manufacturers slipped lower on Friday after an industry association cut the forecast for car sales this year.
US stocks ended lower on Thursday, as revenue gaps pulled the main stock markets lower. Dow and Nasdaq recorded the worst cases in one day over a month.
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5. Comes this week:

Friday – Second quarter GDP of the United States; McDonald's ( MCD ) and Twitter ( TWTR ) earnings

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