In a few minutes how you might be equity rich, it's about your house.

I'm David Bronkaccio, later this morning we'll get the hiring and unemployment reports

for July.

Forecasters expect hiring to be strong, but not wildly strong, and for the percentage

of those defined as unemployed to hold steady, we shall see, the three A's of tech, Apple,

Amazon and Airbnb have revealed their sales and profits, not all get an A. Here's Market

Places Nancy Marshall-Genzer.

Apple says revenue for its fiscal third quarter was down 1% from the same time last year.

iPhone sales were weak in China, and Apple is predicting falling sales of Macs and iPads.

It is making more money from things like streaming, warranties and payment services.

Amazon had better news, its earnings and revenue surged above expectations.

Amazon has cut thousands of jobs since last fall.

It froze corporate hiring, and sales of Amazon cloud services were above projections.

Revenue at Airbnb also surpassed expectations, more Americans are traveling abroad to take

advantage of a stronger dollar, and there's still a lot of pent up travel demand from people

who hunkered down during the pandemic.

Airbnb is taking advantage of that demand by charging more.

I'm Nancy Marshall-Genzer, for Marketplace.

Homeowners are sitting on a lot of stored value in their properties, one of the many definitions

of equity.

And there's another term, equity rich, it's defined as people who've paid down their

mortgage by half or more or own the place outright.

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