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Amazon kicked off the last trading day of the week with news of a billion dollar buyback. The online retailer said Friday that the companies' board approved the share repurchase of what would be up to 1 billion dollars. The buyback would take place over the next 2 years. Fast food giant McDonald's overseas same store sales moved well ahead of domestic sales. Overall sales at restaurants open 13 months or more, rose close to 6 percent globally. European sales far outstripped the US, with sales in Europe up 8.2 percent while sales in the US rose just 1.9 percent . The US economy has entered a recession - that's according to a report out Friday. The Reuters/University of Michigan consumer sentiment survey says that this recession could be more painful and drawn out than usual. The survey points to inflation pressure as a key reason for the extent of the recession. The report also says that disproportionate pain will be felt by mid to low income Americans. And the rich won't be completely left out as the stock market slide will likely hit some investment portfolios. For Reuters, Diane King New York.