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Joe Terranova explains why investors were disappointed by Amazon's earnings

Amazon said in its earnings report on Thursday that operating income for the last three months of the year will be between $1 billion and $4.5 billion. That incorporates roughly $4 billion of costs tied to Covid-19 for things like testing, cleaning, extending employee breaks and social distancing measures. Joe Terranova, senior managing director for Virtus Investment Partners, joins "Squawk Box" to discuss.

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