More bad news for Amazon in their second-quarter report:

The company, which launched the Amazon Fire phone, its first smartphone a few weeks ago, posted a loss of 27 cents per share on revenue of $19.34 billion in the second quarter. Analysts had been expecting on average a loss of 15 cents per share on $19.34 billion in revenue.

At the time of this writing, the online retailer's stock is down about 7 percent in after-hours trading. But Jeff Bezos boasts an eerie power to soothe Wall Street's indigestion. We'll see how he reacts to this news, and I bet the stock market will follow Bezos's lead.