Amazon Prime Day unveiled: What to expect

I'm Conway Gibbs, reporting from the New York Stock Exchange, his mobile watching on the street. Today. The SP500 and the NASDAQ were back in the green as NVIDIA rallied for the first time in four sessions. Meanwhile, big home price gains in San Diego, New York, Chicago, Los Angeles and Cleveland catapulted home prices to a new record high, according to the S&P Core Logic Case Shiller index. Investors now look ahead to Micron's quarterly results as well as Chipotle, which will start trading on A50 for one stock split basis on Wednesday. In other news, Amazon Prime Day is coming. The online retailers attempt to lure shoppers to its site during the slower summer months is set for July 16th and 17th. Inflation wary shoppers are expected to flock to the site where they can find markdowns of up to 73% on some items. Amazon says millions of products will see price cuts, including brand name items from Clinique, Kiehl's, KitchenAid and even Coach handbags. There's also going to be pre Prime Day sales leading up to the main event. But there is of course a caveat. While all the sales are open to all shoppers. The best bargains are reserved for Amazon Prime members, who pay a monthly fee of 15 bucks. Expectations are riding high after a record setting Prime event last year. Amazon said it sold 100,000 items every minute during the two day sale, raking in over 2 1/2 billion dollars in sales. That'll do it for your daily briefing from the New York Stock Exchange. I'm convinced with the Street.