BEHOLD Amazon One — the first cargo airplane with that famous Amazon smile

• Matt Weinberger
 

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Behold Amazon One, the first cargo plane to bear the online retailer's logo on the side and the boldest representation yet of the company's ambitions around taking over package-delivery logistics.

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Amazon One is a converted Boeing 767 operated by Amazon partner Atlas Air. Amazon says in a press release that it is leasing 40 planes, 11 of which are dedicated to hauling around packages on the company's behalf. This is just the first to bear the company's name on the sides.

It's all in good fun: Amazon One will make its debut at Seattle's annual Seafair Air Show parade. It also doubles as a very public show of confidence from Amazon in its ability to handle package delivery in-house, without relying as much on outside parties like UPS or FedEx.

Also of note: "Prime Air," as displayed proudly on the side of Amazon One, is also the name of Amazon's forthcoming drone delivery service.

As a nice little Easter egg, Amazon says Amazon One's tail actually bears a prime number, N1997A — in tribute to the Amazon Prime premiere membership program. 1997 was also the year of Amazon's initial public offering, so take that as you will.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

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Jeff Bezos just sold a boatload of Amazon stock

• Jillian D'Onfro
 

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Amazon CEO Jeff Bezos. REUTERS/Rick Wilking

Jeff Bezos just got a nice payday.

In his most valuable stock sale ever, the Amazon founder and CEO sold about 1 million shares of his company this week. That's more than $755 million worth of stock.

The sale itself is routine — Bezos sells a huge number of shares every year on a predetermined schedule — but the sheer bounty is pretty extraordinary.

Amazon just posted its third-straight record-breaking earnings, and the stock is up almost 44% since his last big sale, according to Yahoo Finance.

What will Bezos do with his new riches?

Who knows? Maybe he'll invest some in his rocket company. Or his underground clock. Or The Washington Post. Or charity. Bezos has a lot of interests.

Yahoo Finance

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

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Here's everything you need to know about Friday's jobs report

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A worker cleans the stage in preparation for the 2008 Republican National Convention. Reuters/Robert Galbraith

The July jobs report and the next few after it will be all about November.

Economists project that the Labor Department's report out on Friday will show that the labor market remains in good, steady shape.

And what the data say about how the economy is doing will be increasingly significant as we head closer to the November election.

Via Bloomberg, here's what Wall Street is forecasting:

• Nonfarm payrolls: +180,000
• Unemployment rate: 4.8%
• Average hourly earnings month-on-month: +0.2%
• Average hourly earnings year-on-year: +2.6%
• Average weekly hours worked: 34.4

"In general, voters tend to flock toward reform and bold plans during times of uncertainty," Andrew Chamberlain, chief economist at Glassdoor, wrote in a preview.

If data were to start showing cracks in the economy, particularly in a key area like the labor market, Republican presidential nominee Donald Trump would get more ammo to argue against four more years of a Democratic president.

Trump is already doing this. On Tuesday, he said at a rally in Virginia:

"The numbers are getting worse and worse all the time. If they get real bad, I hope it happens fast so I don't have to — they'll all blame me. You'll end up winning, and your first day, the economy crashes because of some incompetent people before me."

Last Friday, an advance estimate showed that the economy grew by 1.2% in the second quarter, less than expected, as business investment slumped. This is the kind of number that Trump refers to.

On the flip side, "good news pushes voters in favor of staying the current course," Chamberlain wrote. "For this reason, pollsters will be watching the next few jobs reports closely as we inch toward Election Day."

Pollsters like Nate Silver at FiveThirtyEight are incorporating new economic data into their predictions of who will win.

But what's irrefutable is that the labor market right now is stronger than the comparable periods in the last two elections, Chamberlain noted.

Wells Fargo

The unemployment rate is at 4.9%. It was 8.2% in June 2012and 5.6% in June 2008, seven months into the recession. Theeconomy gained 287,000 jobs in June 2016, versus a loss of 165,000 in the same period in 2008. Job openings are at a record high of 5.5 million.

The downside is that the labor force participation rate continues to fall, although this is largely because of retiring baby boomers.

"After seven years of consistent growth, the next resident of the White House stands to inherit one of the most robust job markets in a generation," Chamberlain wrote.

A hiring rebound back 'towards trend'

The pace of job creation plunged to 11,000 in May — a weak number even adding back the 35,000 Verizon workers who were on strike.

June brought a strong rebound, and July should return the pace "towards trend," said Wells Fargo Senior Economist Sam Bullard.

The trend has slowed this year in part because the economy is approaching full employment amid the lowest unemployment rate in eight years.

"Without a continued rebound in the labor force participation, gains should remain strong enough to further reduce the unemployment rate," Bullard said.

Meanwhile, wage growth is gradually rising as the labor market gets tighter.

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9 signs you'll never be rich

• Kathleen Elkins
 

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Contrary to popular belief, "Everyone has the same opportunity to acquire wealth,"says self-made millionaire Steve Siebold. But is wealth in the cards for you?

To help you evaluate that, we've rounded up nine red flags to watch out for. While no one can predict the future, the following choices most likely won't accelerate your path to riches.

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You put too much emphasis on saving — and not enough on earning

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Saving is crucial to building wealth, but you don't want to focus so much on saving that you start neglecting earning, which is what rich people focus on.

"The masses are so focused on clipping coupons and living frugally they miss major opportunities," Siebold writes.

There's no need to abandon practical saving strategies. However, if you want to start thinking like the rich, "Stop worrying about running out of money and focus on how to make more," Siebold advises.

Some experts say that "it's not about how much money you make, it's about how much you keep," but this shouldn't be an excuse to disregard earning completely. To keep money, you have to earn it in the first place. A common thread among millionaires is that they develop multiple streams of income and have smart savings habits.

You haven't started investing

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One of the most effective ways to earn more money over time is to invest it, and the earlier you start, the better.

"On average, millionaires invest 20% of their household income each year. Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time," writes Ramit Sethi in his New York Times best seller, "I Will Teach You to Be Rich."

The more you can set aside, the better, but even a little bit can go a long way, thanks to compound interest. An easy way to dip your toe into the investing pool is to start saving for retirement using accounts where your money is invested, like a 401(k) or IRA.

You're content with a steady paycheck

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Average people choose to get paid based on time — on a steady salary or hourly rate — while rich people choose to get paid based on results and are typically self-employed.

"It's not that there aren't world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest,"Siebold says. "The great ones know self-employment is the fastest road to wealth."

While the world-class continue starting businesses and building fortunes, "The masses almost guarantee themselves a life of financial mediocrity by staying in a job with a modest salary and yearly pay raises," Siebold explains.

You buy things you can't afford

Samir Hussein/Getty

If you live above your means, you won't get rich.

Even if you start earning more or get a hefty raise, don't use that as justification to give yourself a lifestyle raise.

"I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income,"writes self-made millionaire Grant Cardone at Entrepreneur. "I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy."

You're pursuing someone else's dreams — not your own

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If you want to be successful, you have to love what you do — that means determining and pursuing your passion.

Too many people make the mistake of chasing someone else's dream — such as their parents' — explains Thomas C. Corley, who spent five years researching self-made millionaires.

"When you pursue someone else's dreams or goals, you may eventually become unhappy with your chosen profession," he writes in "Change Your Habits, Change Your Life." "Your performance and compensation will reflect it. You will eke out a living, struggling financially. You simply won't have the passion that is necessary for success to happen."

You rarely step outside of your comfort zone

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If you want to build wealth, be successful, or get ahead in life, you're going to have to get used to uncertainty or discomfort.

Rich people, in particular, find comfort in uncertainty.

"Physical, psychological, and emotional comfort is the primary goal of the middle class mindset," Siebold writes. "World class thinkers learn early on that becoming a millionaire isn't easy and the need for comfort can be devastating. They learn to be comfortable while operating in a state of ongoing uncertainty."

You don't have goals for your money

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Money won't just appear; you have to work at it. If you want to eventually build wealth, you have to have a clear, specific goal in place before forming a financial plan to achieve that goal.

Rich people choose to commit to attaining wealth. It takes focus, courage, knowledge, and a lot of effort — but it's possible if you have precise goals and a clear vision,emphasizes self-made millionaire T. Harv Eker, "The number one reason most people don't get what they want is that they don't know what they want. Rich people are totally clear that they want wealth."

You spend first and save what's left over

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If you want to get rich, pay yourself first.

"What most people do when they earn a dollar is pay everyone else first," self-made millionaire David Bach writes in "The Automatic Millionaire." "They pay the landlord, the credit card company, the telephone company, the government, and on and on."

Rather than spending and then saving whatever is leftover, save first. Set aside at least 10% of your gross income and make the process automatic, Bach emphasizes. That way, you'll never even see the money and you'll learn to live without it.

You believe getting rich is out of your reach

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"The average person believes being rich is a privilege awarded only to lucky people,"Siebold writes. "The truth is, in a capitalist country, you have every right to be rich if you're willing to create massive value for others."

Start asking yourself, "Why not me?" he encourages. Next, start thinking big. Rich people set their expectations high. Why not$1 million?

Brazil impeachment committee to vote Thursday

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Brazilian President Dilma Rousseff lights the Olympic torch at Planalto Palace in Brasilia following the flame's arrival from Geneva, on May 3, 2016 © AFP/File Evaristo Sa

Brasília (AFP) - Brazil's presidential impeachment drama enters its end game Thursday when a Senate committee will vote whether to recommend removing elected president Dilma Rousseff from office.

The vote in the capital Brasilia on the eve the Olympic opening ceremony in Rio de Janeiro is non-binding but will send a loud message to the Senate plenary, marking yet another step in what looks increasingly like Rousseff's political downfall.

The committee is expected to vote overwhelmingly in favor of Rousseff's ejection on charges that she broke budget laws.

Rousseff, who is refusing to attend the Olympic ceremony because she would be in a "secondary role," calls the impeachment procedure a coup in disguise.

Her bitter political enemy Michel Temer, who is serving as interim president, will oversee the opening ceremony. If she is removed from office, he will become the full time president until elections in 2018.

On August 9 -- a few days into the Olympics that were meant to showcase Brazil's growing economic power and political stability -- the full Senate will vote on whether to proceed with the impeachment trial. A simple majority would suffice and the measure is expected to pass easily.

Then a final and decisive session in the full Senate is scheduled for August 29, a week after the Olympics close in Rio, when a two-thirds majority is required to eject Rousseff.

Impeachment committee official Antonio Anastasia said Tuesday that he fully supports finding Rousseff guilty.

"I vote for the accusation to go ahead," he said in his report to the rest of the committee, calling the case against Rousseff "undeniable."

Ana Amelia, from the conservative PP party, told AFP she predicts the committee will vote 16 to five on Thursday in favor of pushing Rousseff's case along.

Since taking over as interim president when Rousseff was suspended to face trial in May, Temer has taken the government sharply rightward.

With Brazil in its worst recession in decades and crippled by corruption, Temer says the country needs to leave 13 years of leftist rule by Rousseff's Workers' Party behind. 

The political mess makes a sad backdrop to the Olympics that were awarded to Rio in 2009 when Rousseff's predecessor and political mentor Luiz Inacio Lula da Silva was hugely popular.

Now, not only Rousseff is facing oblivion, but Lula is set to go on trial for obstruction of justice charges. He also faces corruption allegations that could sink his hopes of returning to power in the 2018 elections.

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