Interesting. Amazon to buy Whole Foods Market for $42 per share

Amazon down 1% now up $25, in premarket trading.

Not forex related (well you might be able to spin a story), but Amazon is to buy Whole Foods Market for $42.00 per share.

Amazon has opened some test grocery markets in the US, whereby consumers take goods off the shelf and via the mumbo jumbo of technology on phones, automatically have the payments for the goods made electronically. So no formal check out. No check out people. No jobs. Food retail shares are all lower in pre-market trading.

Amazons purchase of Whole Foods gives them the physical stores to expand this idea. It also can be the springboard to replicating the idea in other retail stores. PS they have opened up test book stores too.

HMMM....imagine Christmas shopping without the lines at check out?

PS. Amazon stock is now up about $9 $25 after initially falling on the news.....Walmart is down -4% and Target is down -6%. At some point, Amazon will buy them cheap.