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Analysts also said China's shift to focus on dealing with the three major tasks next year will help improve its ability to innovate.

Analysts said the Fed's hike of 25 basis points — a quarter of percentage point — was in alignment with market expectations, and the mild increase leaves little room for a significant market response.

And Hanauer’s iconoclastic image — rooted in a liberal philosophy — is on full display in a lengthy profile in The Seattle Times today by political reporter Jim Brunner. The piece largely centers on Hanauer’s role in pushing for a per hour minimum wage in the U.S.

Analysts estimate Amazon is investing .5 billion in video this year to better compete with streaming giants like Netflix and HBO. Amazon bought “Manchester by the Sea” for an estimated million after the film’s well-received Sundance debut.

Anand Rao, an AI consultant at PwC, stressed that initially North America would experience productivity gains faster than China.