they would still keep a lot of these amazon go, amazon fresh, amazon pantry.could be an addition to the amazon ecosystem attacking the grocery market, which is an ambitious project for bezos. emily: a lot of question marks, matt townsend who covers retail. coming up, we check out the global impact of amazon on big bet on groceries. how european details can damage that high. this is bloomberg. ♪ >> wall street, experts, analysts, they think that jeff bezos doesn't know what he is doing. he doesn't worry about earnings, he is paying attention to quarterly earnings. in the end, he has had the last laugh. he is now one of the two or three richest man in the world. underestimating him has not been a smart thing to do. if jeff bezos thinks it is a good idea, it probably is a good idea. emily: mobike has raised more than $600 million in funding. it was led by an internet giant. they will use the funds to fuel its global expansion. the company says it plans to be in 200 cities by the end of the year. amazon's takeover sent shocks across the u.s. and across the pond. i

stays on as ceo with amazon.hat happens >> over to the half. >>> top trade this hour, supermarket superdeal, what amazon's stunning buy of whole foods means for everyone else in that space and how it's yet another sign big tech the is taking over the world. with us today, jim, josh, jon, courtney gibb on is here, the president of loop capital. also is is ross levinson, the tech and media insider cnbc contributor as well joining us onset we begin with amazon's deal for whol

amazon --to deal with they have a deal with amazon already.o ise heard from heaven an hereditary it potentially, we might see more. this is another u.k. online only retailer. he suggesting that it could be next. there is a lot of movement going on. , thatggest one of the day is our whole delay. they have a big presence in the u.s.. the u.s. things they will be hit first. europe will be hit as well. online groceries are still just a fraction of overall grocery shopping. what are the actual trend among european shoppers? >> about a fraction. but actually a bigger oppression than in the u.s.. these numbers blow my mind sometimes. if you dig into these numbers, they go into who is winning the race in e-commerce. charge,rea leads the they have something like 70% of all commerce being done electronically. the u.k. isn't far behind. they have 7% of all of their retailing, all of their spending is done online. we're seeing that the u.k. is a pretty prominent fire when it comes to online buying. they like their online purchases. spain falls lay off wit

amazon is not that small a thinker. amazon is a big thinker. think amazon stock going to go up even higher because they have the wherewithal. this grocery business has been waiting for rationalization. i always thought there only be a couple but remember look at the template of what happened. first it was the supermarket then it was the costco and then the dollar stores capitalizing off of food stamps an then walmart refines. target comes in aggressively and then the germans come in with three different companies that they can lose money all they want, because they're private. then along comes the beast the beast. i mean, these guys are the -- belichick is now in food wow. >> yeah. >> don't know. it's a game changer. >> thinking of what's in the ipo pipeline, blue apron. >> yeah. good -- they'll try to pull something off. the bankers are desperate to do a deal you can sell -- you can get a deal done, make a deal happen. but there's also been private equity in that market. i don't know how those companies -- the people -- i mean, amazon is an ar

amazon is king.ut woodhead have happened without pressure on whole foods? howard: whole foods is in the tank. when you go in the tank and you are a public company you start to get your brains fried out by investors. that is the game. if you don't like it, stay private. as a public company you get money, you get liquidity, and one of the negatives that comes with it is you get a bunch of guerrillas sometimes who by your start kicking you around and foresee sometimes to do things you do not like. it is part of being a public company. it is not all fun. whole foods has been on a major trend downward and there is a lot of new competition in the organics business across the board. kroger has been kicking there but, walmart has improved. ie's is building thousands of new stores. , anday they are positioned trader joe's is a lot better than whole foods and by the way, a lot cheaper and it is owned by aldi so there's a lot of stuff going on. i think that amazon will clean up the price and value issue very qu

so much, amazon's locations are experiments, and analysts estimate amazon fresh is small what's it mean for other grocery retail players when amazon airs a category whether it's books, video, streaming, or cloud computing, it plays to win meaning it pushes prices lower. whole foods is working to shed the whole paycheck nickname as they expand offerings at lower prices amazon gives it the financial power to get there faster, threatening other players like kroger and walmart running thin grocery margins and likely ups the possibility for other consolidation in the industry. walmart is the world's largest retailer and grocer saying the customers look for shopping experiences that's providing everyday low pricing and a mix of channels to meet their needs. we feel great about the position with more than 4500 stores around the country and fast growing e-commerce and online grocery businesses the bigger concern from analysts is if amazon begins to use the whole foods stores as distribution or pickup points, lowering the cost of the last mile giving shoppers, again, another option to get their

, amazon prime brand. this is a huge branding and distribution opportunity for amazon. mark: just coming back to the shares, they are down across the retail space there and in europe. why are some retailers rising? you might think today, they the amazon will not stop with whole foods, maybe there will be more acquisitions. what do you think? spencer: it is possible. it is a very big acquisition for them, their biggest on record and if they are willing to throw this kind of money around they might be more willing to buy other things as well. talk that they are a potential buyer of slack which could help with their cloud computing division, and amazon is getting so big now that this internal mantra of we don't buy, we build, may not be realistic. if there is markets they want to get into and the price is right, acquisitions can be a better strategy to get a quick jump. vonnie: thanks to bloomberg's selena laying and spencer sofer. let's check in on the first word news. courtney: deputy attorney general rod r

amazon has deep pockets. that means it can lower prices of whole food's natural and organic food products, leaving other groceries no choice but to cut prices as well. lower prices might even make that organic food more accessible to a wirder customer base and steal customers. that's why the packaged food companies like hershey's also saw stocks fall on the news. amazon has a broad national reach through its prime program, prime fresh, prime pantry, and other lines that could help sell whole foods branded products all over the country, far beyond the 400-plus stories that whole foos operates. but the biggest question for the grocery industry, how does appears see the future of groceries? is it online, in-store, some sort of hybrid? we don't know yet, but the biggest online retailer buying one of the biggest organic groceries could bring an experimental testing ground for the way we buy food. for "nightly business report," i'm sara eisen. >>> it's not just food and grocers that find themselves in the crosshair

i think it is the amazon prime or amazon fresh customer another option. but go pick it up in the store. order a subset of your groceries online and then go into a whole foods store to sort through the fruits and vegetables. at the same time, prepackaged meals at whole foods -- 20% of its business -- you get those to your home and 10, 15 minutes delivered over the last mile via amazon. that's another option. in the super hot restaurant hub,s business versus grub doordash, ubereats. love it. they give amazon a lot of patience, and they will bring some of these new technologies at the point of sale in the supply chain to bear at whole foods, and we will see if they can change the economics and dynamics of that business. thank you both. julie, i will send it back to you. julie: cannot get enough of this story. thank you so much. -- julia: still ahead, looking for a prime trade? amazon stock is surging on the news that it is acquiring whole foods market. plenty more to come from new york. this is bloomberg. ♪ julia: this is "bloomberg markets." julie: it is ti

if amazon expands internationally, you could struggle. linkedy've always been with amazon. we argued that if amazon is going to buy the u.k., it shouldn't by accardo, it should by booker. ,onnie: i thanks to brad stone and andrea felt dead and -- fel dstead. as well as tom keene. mark: have a look at what european equities are trading, 60 minutes away from the end of today's session. we start with the stoxx 600 individual movers within the retail sector, i think you understood what i was saying, retail worst-performing, industry groups say look at the big presence in the united states is the result of the belgian and dutch merger, 8% lower today. a big presence in the united states. 4.5%, andrea says it's a double-edged sword. could it be a target of amazon in the future? is it going to be hit hard because they are in the same space? that's a fascinating chart. we are talking about deflation and today, inflation in the u.k., food space. this is cpi and the eurozone, which is slowing, which paints a picture of the ecb president mario draghi has been painting that there's no

high for amazon.e all-time high of amazon, but nonetheless, up 3% this morning. the market is saying, amazon's going to try to take over grocery and the market says, amazon may just do it. look at amazon go, and look at the competition go down. nicole, great stuff. thanks for being with us, i'm leaving you now and leaving the subject with amazon up nearly $30 a share. total shift in gears, the comments of steve scalise's condition. dr. marc siegel is here with an update for us. >> improving. the hospital issued a statement he's improving. they went back in yesterday presumably tied off more bleeders and checked what they had done before, they repaired a fracture. as i predicted the first 24 hours were key, if they could stabilize the bleeding, remember, the pelvis is rich with organs that bleed a lot, so the key is repairing those organs, like the colon, the blo bladder, the kidneys and get the bleeding stopped. right now i'm predicting he'll probably be okay. stuart: good news. >> good news. they hav

amazon has a lot of experiments out there from the amazon fresh delivery service to amazon prime deliveringher stores. to their prototype stores in seattle, maybe you don't need a cashier, you just let something from a shelf and incense is what you have any charges your online account. amazon will bring all these technologies and efficiencies to bear in 400 plus stores. i think the competitors need to look at their own businesses and how they get more efficient. >> i get that this is a $1 trillion consumers market. if we look at the struggle going on in the broader retail sector, the pricing pressures, the margin pressures we are facing, i have to wonder if -- for amazon, if this is not more about the data and the access to the customers that whole foods represents, the opportunities that there are in groceries, more broadly. what are your thoughts? >> mine are more abstract than that, go to the simplest thing, amazon wants to be -- it was to gives its customers what they want in the lowest prices at the shortest amount of time. they have done that well in hard goods. it has made incredible

it would be very risky for amazon it makes a ton of sense with their amazon prime now. they're clear they want to expand amazon fresh in a number of amazon markets and having whole food stores within those markets may enable them to have a better assortment and better surf those urban customers >> this came out a short while ago, i think 12:30, barclays agrees with you. they upgraded whole foods and slapped $48 target on it up from $40. they are in your camp where they see a potential new bidder let me go back to sara's point do you think, and i don't want to put you on the spot legally, i have questions i do believe this will be looked at by regulators because of amazon prime do you think the deal could be blocked? what happens to kroeger? kroeger is down 30%. i wonder if amazon really wanted bigger distribution. they could get kroeger for about the same price, maybe more, but get six times the number of stores >> i think from a regulator perspective amazon doesn't disclose grocery sales but saw low market share i don't see grounds for stopping of competition from a kr

>> amazon is more innovative. when you look at the two areas amazon has tried to tackle lately, aggressive in grocery and now we know why, because they have a great platform with overloads. they have a great platform in apparel. they don't have to buy their way into that business. vonnie: we did hear from oppenheimer earlier that there might be a rival. if you can tells you could tells that is, but my main question is, if this goes through, will we walked into whole foods and see amazon products? >> i think there will be some of that. i think all those products will be available on amazon, and amazon might use it rain in the -- brand in the store. as for bidders, who wants to tangle with amazon? who has the strategic synergies that amazon has? vonnie: apple maybe. but i don't know. >> amazon has more to win from owning this company. other players that might want to own whole foods, they have more to lose. amazon will either build it or buy it. if they can buy it, that makes more sense, what if they can't they will

fear is amazon will, well, amazon, it's a trillion dollar industry gorgeous guy adami. >> yes, sir. >> any of the names whacked today deserve another look >> first of all, grad to have you on second of all, i thought target was a screaming buy. it made i think a 52 week low today. you have to say yourself the move is warranted. i can understand these stocks selling off a little bit not nearly to the extent they did. are these names worth a look yes, i believe they are. the first i would say is wal-mart i think if anybody can combat amazon or play at their own game, it would be wmt. >> the issue is wal-mart had big issues before this deal, the problem is in that space, one of the big issues about half of the guys that sold off today, there is way too much forward space for not enough buyers. you have food deflation. we have food input prices, food prices going down. that's what's been killing kroger as much as anything the competitive space gets worse. that's a big issue. >> that doesn't change i didn't get today, i'll be skeptical the deal, investors like it. you got to listen to the

and they can compete with amazon on price no one has really competed on price with amazon. now ellison's doing it then there are the investors who are saying that amazon's power is being overestimated in the marketplace. last night we heard that staples might be taken private by sycamore, a very private equity firm long been considered amazon road kill nordstrom is very much pursuing its own private transaction. i think buying that stock here makes sense. it will most likely be sold at a higher price both deals are based on the idea that amazon isn't going to wreck their business perhaps all that selling in the marketplace, including, of course, the bed bath selling tonight, is overdone meanwhile, there are other companies that are taking advantage of amazon. yesterday, nike stock went up because of talk it might partner with amazon. amazon, biggest customer in terms of clothes, is the biggest customer of clothes for pbh. that's right, pbh has amazon as a terrific partner a potential deal for nike is good, it's great for pbh the stock rallied almost 4% today. huge disconnec

and they're trying to compare themselves to amazon saying if you search on amazon, you're getting -- it's apples and oranges, isn't it? a search engine versus a store if i'm searching for something zshgs that mean i want to give google a cut >> no. i think that's a fair point. i would make the following observation. the way that google's product works makes it their anti-competitive behavior much more obvious but do not underestimate how powerful facebook's monopoly has been to boosting instagram and what'sap and the other thing tharz doing. the ability to cross sell cross promote these products is overwhelming on a global basis the but i think your point is right on i think that, you know, google's been caught here doing something that is their business model and the challenge for the european union and i think what should be the challenge in the united states but won't be is to ask the question of, you know, to what degree do you want monopoly's to flourish they do stifle creativity. they do stifle innovation. they stifle entrepreneurship and there's -- you can see this even in sil

do you think amazon will ever be of real estate i wonder is that the $100 billion industry that amazonody is calling for years of disruptions in the area and it has not happen. >> hospitals maybe the next thing >> yeah. >> got it. meg, thank you very much >> all right, technology stocks are seeing a big bounce today. the best day since march bringing our trading team, denn dennis, last week we are talking about the tech rec and the failure of fangs is this a one day wonder or the drop we saw just a couple of days at a still solid up trend >> the phrase that people were using of a tech come back and the stock of the 15% for the year >> i have not used it nor would i, they're all doing well. >> we'll leave it to ll cool jay to call it a come back we are seeing an upside, that's right. that's where i spend my time >> we are buying a triple q options. so we are seeing gaining exposures back in the tech sector and using options on the broader base tech indexes which are the fang stuff >> when luke at the charts, you see that blimp down, what do you think? where is the trend >> the trend is

amazon the amazon washington post he calls it sometimes referred to as the guardian of amazon not paying internet tax which is they should is fake news this just hit a couple of moments ago. some discussion online of what he means specifically by that. >> he has made references to that in the past. >> every time they put up a distribution center in a particular state they begin to pay sales tax in those states. there are still perhaps a number of state where is amazon customers are not paying sales tax. that is possible i think maybe that's what he is referring to although that has changed overtime again as their distribution network has needed it if you're in new jersey you're paying and new york you're paying. >> he wrote the washington post is owned by jeff besos for purposes of keeping taxes down at his no profit company amazon. >> he once called it a big tax shelter. >> they're completely separate things. >> he's the president now and what's interesting is everyone was wondering if he's going to keep targeting these dip cap tech companies i don't know are they going to have a regula

amazon is buying the mecca of organic stores. today announcing it is rolling out something called amazon wardrobe so joining the box party with may feel like the online retailer is pretty much taking over your life your t.v. screen your shopping your reading and even your home have no fear folks it's only taking over your life in your home. amazon has brought breathtaking a fish and sea to consumerism right it is also brought breathtaking inefficiency to consumerism amazon is incredibly convenient for all of us and it is the worst thing to happen to us since the bottom play. it's like of the one that play got infected with steve bannon but. it came down with. those statements that i just said are true and yet they conflict right there a paradox and it makes your brain want to punch itself in the face and yes a brain could punch itself in the face our eyes mind does it every time chris matthews speaks. in our culture we are now almost incapable of taking multiple ideas into our brains when when those ideas are condensed into one t

we note that amazon does pay taxes. they have long criticized amazon's tax position. more >> reporter: it's the battle between the most powerful man in the world and the soon-to-be richest man in the world it just gets better every day. trump has a history of going after jeff bezos for the taxes it started back in 2015 when trump accused bezos of buying "the post" as a tax dodge. he bought the post for $215 million. he said, @washingtonpost loses money, a deduction, and gives owner jeff bezos power it's the guardian of amazon not paying internet taxes. it was true for years that amazon didn't pay state sales taxes in many states and they also had a special structure in luxembourg to allow them to funnel a lot of the european profits through a low tax entity there but they have lost most of the benefits in europe they changed the rules and as we know, amazon now pays state sales taxes in all the states they collect it and the local and state tax rate for amazon for years after 2007 was arrest 13% that's about half the s&p 500 average. now it's more like 24% just on the

there's nothing you can't get on amazon. was a bookseller in the mid 90's were amazon was pretty much just selling books. it's not only the everything store, but there are so much beyond that with amazon web services starting to get into the enterprise. they launched a sort of skype competitor. vonnie: before we have to go, when is your next review date? robert: typically with the creditwatch we try to resolve it within a few months, but we will have to see the timing. vonnie: tracking amazon sponsor the moment? robert: we have not looked, but they don't have that much debt out there so we will have to see. vonnie: thank you so much for joining. that is robert schultz, s&p global credit analyst. let's get a check on the first word news with courtney donohoe. hastney: the supreme court agreed to take up the case on gerrymandering. democrats and wisconsin have challenged republican drawn boundaries for state legislature districts could a federal court has struck down the districts as unconstitutional and the court say they wer

turned into pulp to make amazon boxes. pretty good pretty good and an organist. last remaining child with a happy childhood unfortunately totally about it i. know it's coming wednesday. new g.o.p. health care plan includes televised gladiatorial fights in which winner gets dialysis. that's your show but if you don't always have time to watch redacted tonight as i mentioned earlier you can check out the podcast free every week it's called moment of clarity you can get it i tunes and stitcher until next time goodnight and good biting. all the world's a stage and all the news companies merely players but what kind of parties are into the american play party america offers more artsy american personal. many ways the music landscape just like if you really do speak good actors that act and in the end you could never you're on. some other park all the world's all the world's a stage we are definitely a play. on larry king. i get to kind of be a nut job like a cartoon like a cartoon character you like to love him because he was s

you're supposed to buy nordstromings and tiffanys when it's down, walmart and amazon after amazon buying, even walmart's lost it's sheen they grow at 1.2%. that's because these soft goods plays have above average yields in a world that's starved for income, yet they're more expensive than almost every single profitable company, when it comes to price ratios and tech goes so much faster and long-term bonds see their yields rise as demand improves, i would not betagainst the bon market, because historically its much smarter than the stock market as we learned today, with and n an -- and an namic quarter when um employment is up, driving -- the inventories are bulging. finally a small group of tech companies have taken on market capitalizations that couldn't have been dreamed of at any other time they're wildly profitly, unlike, say, 2000. this is driving a lot of old school observers commentators, stock pickers totally crazy. conclusions that have historically held true are worthless. layer on top of that the uncertain nature of this administration, then you have to fall to companies that

pickers turned into pulp to make amazon boxes. pretty good pretty good and an organist. last remaining child with abbey childhood unfortunately totaled about i. guess coming wednesday. new g.o.p. health care plan includes televised gladiatorial fights in which winner gets dialysis. that's your show but if you don't always have time to watch redacted tonight as i mentioned earlier you can check out the podcast free every week it's called moment of clarity you get it i tunes and stitcher until next time goodnight and good biting. let's talk about blackness and the blues of being black. and always will in a big house down at least that's what i've been told but it was simply that we in relays is such because we simply forgot. the scene we've allowed them to rearrange the plane you told us the sickness of trusting the enemy we came to face. that's what i call the lack of blackness or understanding the blues of being black. sheep blues of being black sheep mandate that we attack knowing how when and what to do to come the simple in his

amazon is trying to become walmart faster than walmart can become amazon. amazon is trying to build products for low income households faster than walmart can build e-commerce offshoots of its company. they're competing against each other and that's good. i agree with joe's final point. i think we're dealing with two extremely separate issues, government policy and corporate policy. government policy, we should have transfers to low income to help them pay their bills and buy food. but on corporate policy, it is good, it is good for companies to offer lower income families a discount so they can buy certain products if they so choose. i can't think of a good argument against a company doing so. >> very good discussion, gentlemen. derek thompson from "the atlantic," joe rideout from consumer action. thank you both. >> thank you. >>> coming up, smart medicine. meet the startup that helps patients take their meds. >>> uber has reportedly fired 20 employees. this follows a company investigation into sexual harassment claims at the ride hailing company. they tol

businesses selling on amazon and not from amazon directly.s a very big deal to them. what they are trying to do now is promote amazon as an avenue, not just to reach shoppers in the u.s., but also to use amazon services to reach customers globally. that was a big push at the meeting today, encouraging sellers who had some success selling things on amazon, reaching customers in the u.s., to encourage them to use amazon services to sell to shoppers in europe, china, brazil. they offer a lot of services like currency exchange rates to simple five the process for smaller businesses who might think it's too complicated. emily: i've got to ask you about this amazon/washington post tweet from president trump. "the #amazonwashingtonpost -- amazon does pay state taxes, as we have discussed. what is the president talking about here? spencer: i wish i knew. there is this funny relationship between trump and bezos. it goes back to his election campaign, where this became a good deflection from any critical story in "the washington post" about president t

push amazon to pay more for the grocer.clay's karen short moved her rating on whole foods to overwigt with weight with a price target of overweight andrew wolf thinks kroger could make a play. he said their capabilities with big data and analytics in grocery could be more critical than what amazon offers whole foods. he says an offer could be considered an offensive and defensive move at $50 per share. they said that would be about neutral to their earnings. now, john mackie has a duty to accept the higher offer, but what we've heard, he's pretty e ma' nam mored with amazon and jeff bezos. >> thank you we thought this would be the perfect time to play the whole foods dating game. our four traders are are standing by to reveal who they think should sweep in and block amazon's deal. bachelor number one the tim seymour. the ladies like to call him the ambassador been neen to take exotic trips to canada. he's got a mind for business but a mullet for sin and next is brian kelly. he loves o eat and has expensive tastes just tony

turned into pulp to make amazon boxes. pretty good pretty good and an organist. last remaining child with a happy childhood unfortunately totally about. this coming wednesday. new g.o.p. health care plan includes televised gladiatorial fights in which winner gets dialysis. that's your show but if you don't always have time to watch redacted tonight as i mentioned earlier you can check out the podcast free every week it's called moment of clarity you get it i tunes and stitcher until next time goodnight thank you biting. thank you. thank. those issues in the post you sent the things. i. believe my. i. believe. so if. you. just. have to leave the last the few that believe. it or not that i. was i don't know that my kind of thing before the cell phone with a cell phone. but do you investigate police officers behavior as well. i'll take drugs and what. presence here. people as you. please. please please. please. please. leave a little bit of noise. around so. today or tomorrow. and the people here are. just having video emerge

we'll pivot to amazon. prime wardrobe is an outfit delivery service for prime customers similar to stitchfix, trunkclub and others as we get new comments from whole foods john mackey on amazon's plan to buy a high grosser at a town hall with employees he characterized it love at first sight. suggested, roger, that maybe amazon could thread out some additional brands and addition to whole foods itself. there is discussion today about data being the real crown jewel here we haven't had a chance to get your take on friday's news >> what i would say is that i believe that amazon has a strategy that really we haven't seen in the economy to this point. there's a fellow by the name of ben thompson who writes a blog in hong kong called striktechory his view of business mod slz one that applies here. what amazon is doing is creating services where eachst operations is not actually a business in their mind it's a customer. so if you think about it, when they created amazon web services and prime, their number one cus

stays on as ceo with amazon. see what happens >> over to the half. >>> top trade this hour, supermarket superdeal, what amazon's stunning buy of whole foods means for everyone else in that space and how it's yet another sign big tech the is taking over the world. with us today, jim, josh, jon, courtney gibb on is here, the president of loop capital. also is is ross levinson, the tech and media insider cnbc contributor as well joining us onset we begin with amazon's deal for whole foods. nearly $14 billion both stocks on the move. ross, what do you make of this >> there was a swerve over the last two days about them buying slack. which is a sass based business in the tech world. they surprised everybody and buy a physical retail e. i think about the store they opened up in seattle as a test maybe they learned something there and thought this could be a trojan horse, not just b about food, but about physical location if you think about how much data they have on all of us and what we purchase and they put a ring ar

that amazon was having not a difficult time but on the food side similar to what amazon did with jet for it, that's an open yet, much like the question of whether walmart will get a favorable result with jet over time >> bob, do you expect this deal to draw any regulatory scrutiny? >> i'm not a regulatory expert but from our perspective when you think about the 1% market share that they had prior and you put the whole foods piece together, it's a huge market, it's a huge opportunity and ultimately i think the consumers will win so i think that would increase the likelihood of this really proceeding >> all right we're going to talk more about that issue in the next hour on "squawk alley." >> thank you >> speaking of "squawk alley," let's send it over to john for a look at what is coming up on that aforementioned program. >> a lot of tech ceos gathering at the white house to try to get president trump's ear. and, yes, amazon whole foods, is there any regulatory argument for blocking this? we will dig in and finally, youtube and google trying to put a lid on extremism. can they do it al

when you look at the must-own facebookhe fang's, come amazon, apple, netflix, amazon,- facebook, applex, google, or some other highfliers, what do you see? a great, rosy future, people will do well. a couple of problems, and it's going to be difficult for investors to recover over a period of time. erik: your holdings right now are concentrated into three groups, sears, and what i will call the sears extended family, fannie mae and freddie mac, and st. joe. if i described that portfolio as a bet on three things, retail, gse reform, and northwest florida real estate, would i be right or would i be wrong? bruce: i think you would be right, but my focus from the start has been on the real as ae, the physical world, margin of safety in the businesses. i'm not a retailer. i have great love for sears, and i think it is an iconic brand, company. i want to see the company transform as a retailer. but sears has many businesses. sears, kmart, kenmore brand, ard,tsman brand, dieh there's an insurance company. there's over 100 million square feet of real estate. there are many parts to sears, and

turned into pulp to make amazon boxes. pretty good pretty good and an organist. last remaining child with a happy childhood unfortunately totally about. this coming wednesday. new g.o.p. health care plan includes televised gladiatorial fights in which winner gets dialysis. that's your show but if you don't always have time to watch redacted tonight as i mentioned earlier you can check out the podcast free every week it's called moment of clarity you get it i tunes and stitcher until next time goodnight and good biting. you should. not post the system just didn't. believe it. so. you. just. have to leave the institute that really. took a bucket. list i don't know that made the thing for yourself or what they said but oh. but the investigate police officers behavior as well. i'll take drugs in the west and presence here. people. little kids often. little. money does she don't consume don't tell you then doesn't do little jacob dealing with the saying i'm done will soon enough that are equal to two inches under what he calls

games on amazon.esn't publicize its number of prime subscribers but analysts estimate that it could be around 50 million people. lea: interesting. amazon's future has been looking promising. what does this do for amazon? >> they are pushing toward new markets, they are trying to be competitive with netflix. the biggest live streaming service who they have entered into a sports what arena. cheryl: they are going to be streaming the cowboys on amazon. i guess i am. qatar airways has a controversial plan to buy a 10% stake in american airlines and that plan is running into some turbulence with american ceo doug parker, he's not happy about qatar's proposed investment adding that the unsolicited bid is puzzling and strange. qatar airways will seek to acquire nearly 5% in american and then add to it after getting approval from the company's board regulators. some u.s. and european carriers have accused qatar airways and other gulf airlines from benefiting of government ownership. qatar is denying those cla

west at amazon. amazon controls 40% of the cloud. that's the next place that you want to own >> so he says, look, i found three better places to be other than amazon and tesla, by the way, josh, which he unloaded for intuit, workday, and ultimate software but the statement this sale makes is what. is it anything to be concerned about for the average investor who's holding some of these stocks that have done incredibly well, and saying maybe it's time to heed the advice of a great fund manager and do the same >> so, he sold it to someone and we don't know who that is or many people, more likely and probably some indexes, too that's one number two, there were probably people saying the same thing the whole way up maybe $200 a share from now, someone else will make that statement. so i don't know that regular investors need to necessarily heed what any one fund manager is doing, even a super successful one but, to steve's point, this is a stock that's made people a ton of money the bigger it gets, the harder it's going to be to continue

game inis upping its its retail rivalry with amazon.e had to arkansas where thousands of shareholders have gathered at the annual meeting. we take a look at the week that was andy major tech backlash facing the white house after president trump withdraws from the press climate agreement. the u.s. jobs report added 130,000 jobs in may. the labor market getting mixed signals. the on implement rate declining to a 16-year low contrasted with hiring and wage growth that fell behind economists' consensus. the data could indicate increasing challenges to find and hire skilled workers in the united states. spoke to bloomberg from the white house and touted the results. >> since inauguration day, the u6 rate is down 1%. we brought back close to 200,000 people that were dissatisfied or underemployed in the u.s. workforce. that to us is a really amazing trend. there are some very -- there is some very good news in this labor report. emily: here to break it down, we are joined by cory johnson and jake schwartz c.e.o. general assembly, a firm that w

the focus for amazon is very different, but amazon's overall profit margins are below 2%.ash flow in the use that to reinvest the business. thing that whole foods shareholder activists are looking for. increases margins. out a newbnb rolling feature to combat the global refugee crisis. we hear from the cofounder, next. this is bloomberg. ♪ emily: airbnb is outlining an ambitious plan to use its platform to help refugees and evacuees around the globe on its new open home platform. the goal, to find housing for 100,000 displaced people in the next five years. we spoke with an airbnb host from denver who hosted several refugees. she explained why she signed up for this program. >> when i was first contacted by airbnb asking if we could host a refugee in need, it was an unequivocal yes. it is consistent with our values as a family, and quite honestly, it aligns with the broader vision and mission of airbnb, which is to serve those in need. emily: we spoke with airbnb co-founder, who make new announcements about the platform from paris, and how the company is trying to get more

plans to the company's sell on amazon and instagram. z drops his first album in at 4 years on black -- backget to the markets with abigail plus -- abigail doolittle. abigail: it looks like we are starting to end a relatively volatile week and we have the dow, s&p 500, and nasdaq higher at this point. the dow by the most, s&p 500 by 3/10 of 1%. the nasdaq had been lower earlier but we have not seen a big continuation of the selling that hit the markets yesterday and on tuesday. investors taking a bit of a breather after all the volatility and with saws and down. we have the nasdaq down 1.8%. it's worst week of the year. some investors are calling this serious, there aren't a lot of reasons for actual why investors are selling off those tech shares perhaps too far, too fast. it is still the best sector on the year and a great sector on the quarter despite this decline. for its500 on pace worst decline since the middle of april the look at the small-cap russell 2000 and the dow jones transportation average great we have the dow transport a

we were talking amazon-whole foods.n't think about qualcomm and xp and others, seem to be a lot of other tech companies trying to move into adjacent areas, blending the real world with digital how much do you expect that to have an influence over stocks over the next few months >> you're right, john. we're getting now extra catalyst on top of very strong earnings growth in terms of these deals that are going off that is obviously creating m & a activity and interest in the sector as a whole. obviously i would expect it to continue i thought the amazon whole foods deal was interesting question talk about that later but i expect to see other deals like that coming down the road in technology which will create more interest in more of a catalyst in the view on top of the strong earnings growth >> what do you mean more deals like that? you mean more tech players buying brick & mortar retailers? >> we could see more of that i just expect down the road as we like for example in the cloud sector, you think of who are the major

amazon fresh four or five years ago was only being offered to 2% of american households and amazon isnding that. this week, it's 12-14%. the competition has been growing. lydlee seen aldi and talking about opening up new stores and kroger thursday released numbers and amazon is doing this because we think this is the holy grail and amazon is making the next move. erik: we have this sense that amazon buying whole foods is a game changer. how do you think about it? >> it is staggering. this is drop the bomb on the industry, the houses on fire. number one, jeff bezos just showed his cards. quietly expanding amazon fresh but nobody really talks about it. nobody is aware it's happening. this has been a big thing but jeff bezos has laid his cards on the table and it's hugely impactful. assets to goed the for online. ishas shown his cards and he massively accelerating his move to online groceries. in my opinion, he has slammed floor.al to the what would have taken them five years to build up, he has it tomorrow which is the bakeries, the kitchens, the logistics, the distribution centers -- i

any thoughts on what a unique amazon win looks like?well, look, i think this really does come back to building prime as a destination for television viewership. as we know, if someone subxribz subdescribe to prime, snenld more money on products on amazon they can build prime as a great destination for live tv as well as the original. they obviously won some awards for shows like "transparent. if they can really change the way we think about subscribing to amazon prime and really seeing value from a television perspective, i think that will have big value for amazon down the line now for now, it seems like they're just filling in those slots. it will be interesting to see if maybe down the line they can make those ads more interactive which as you mentioned could have some real value for seeing, you know, how people shop and what they can do there >> yeah, jewel yashgs i guess like so many things with amazon, fwz a long term play, not necessarily about the financial return immediately we'll be watching. that thank you very much >> exactl

, and amazon and amazon prime will be arriving in australia in december this year.hey have brought for their expected arrival by almost 12 months. going to find is that the algorithms that amazon uses to price the same products that many retailers are selling are going to produce much more attractive to i guess offers to customers, and as a member of 52% of households have an amazon prime account in the united states, which is more than the number of people, households the go to church. it is the same trend, if it emerges in australia, we will find a lot of the volume growth that retail require and a lot of the margins that they have been earning will prove to have been wer earning, and so what look forward, we see the outlook a lot less attractive than it has been in the past. those april numbers look backward spirit the stock market of course is we look forward, we see the outlook a lot casting a shadow before it, and it is looking at the future. rishaad: tell me something, we have some common suggesting they are not concerned by amazon entering the market there.

emily: amazon crossing $1000 a share this week.stay there. >> everybody loves amazon now, a lot of people. emily: amazon is the company everybody loves to love right now. >> they are looking at e-commerce. they are dominating e-commerce. they are killing the retail industry and there's still a long way to go. not just in terms of them selling you stuff but how they get it to you. drones, their whole logistics effort. there is a lot. cloud commuting. and they seem to be running away with it. microsoft, google, oracle wants to get into the act and give amazon a run for their money. they are so far ahead. we have not even talked about hardware, the echo, and the entertainment business they are investing lots of money in. >> i watched reed hastings from netflix and all he could talk about was amazon as a potential threat. i think the number of opportunities for amazon to grow into new lines of business and expand is so big. emily: someone said it is a 10-legged stool. tom giles and eric newcomer, thanks so much. it looks like uber has