plus, the amazon agenda.ur deep dive into the ever expanding footprint of america's e-commerce king. not just a company, but industries potentially in its crosshairs. and our extended interview with diane greene, just one of the top female leaders of tech we bring you ahead. amazon and apple could feel the impact, especially considering products they manufactured in china. apple could have the most to lose. we discussed what a looming trade war could mean for the industry at large with executive editor tom giles. >> wall street is not happy. on the one and we cannot go too far. the reality is no one knows what is going on with this white house. people are upset. gary cohn it was the president of goldman sachs, anti-left for the white house, and that came after trump literally mocked goldman sachs on the campaign trail. that they relieved have this guide they saw as a friend, someone who could push to cut corporate taxes, and now gary cohn is gone and that is destabilizing. i talk to executives over the last 2

plus, the amazon agenda.ur deep dive into the ever expanding footprint of america's e-commerce king. not just a company, but industries potentially in its crosshairs. and our extended interview with google cloud ceo diane greene, just one of the top female leaders of tech we bring you ahead. first to our lead come with gary cohn departing the white house, trade tariffs are sending chills to the tech world, especially if it aims at chinese imports and consumer electronics. amazon and apple could feel the impact, especially considering manufacture in china. apple could have the most to lose. we discussed what a looming trade war could mean for the industry at large with executive editor tom giles. also max abelson who covers money and power for bloomberg. >> wall street is not happy. on the one hand, we cannot go too far. the reality is no one knows what is going on with this white house. you don't see the stock market losing 10%, but people are upset. gary cohn was the president of goldman sachs, anti-left for

emily: you were involved in the kickoff of amazon fresh grocery delivery and now amazon is all in, amazonght whole foods. the company still lacks walmart in grocery delivery. there's a lot of competition. what is a path to greater domination and groceries? >> during my 14 year career at amazon, what we're focused on is a great customer experience, a really great customer experience for our prime members. i think our collaboration with opioids gives us an opportunity to solve a really important problem. i am a mom taking a little kid through the grocery store, it is a big chore, especially if it is for things we know exactly what you want and what you need. i think you get it delivered to home is such an incredible convenience. i think our collaborations reat groceries is an incredible opportunity that are prime customers will love. just today, we lost a grocery delivery in as little as an hour in san francisco and atlanta. that is 24 other cities that last weeks ago. i am really excited about that opportunity for customers. >> that was stephanie landry. coming up, asia is encouraging its

it with amazon echo.nems to fit nicely that entire ecosystem because amazon's and goal isn't necessarily selling hardware, is this getting hard -- it is getting hard work in a platform. emily: talk about how this fits into the delivery strategy. amazon has been really focused on the last mile, now they have this concierge service, key, where amazon can go into your home and drop off packages. how does it tied together? alex: when you use a ring smart camera, you can have the person on the ground talk to it. if you are on your phone or pc, you can talk back. that kind of actually relationship where you are not a passive watcher, but can engage with the person there. deliveryan amazon person who is verified, you can open the door, tell them where to leave it. amazon has been pushing services like housecleaning and dog walking. anyone who is showing up at your door can be let inside when you are not there. you keep spending within the broader amazon platform. emily: what do you make of the price of this deal

for amazon, a small check.erson familiar with the matter told me that jpmorgan advised ring, amazon didn't have an advisor. they just shelled out the money for the deal. it seems to be another small, bolt-on that amazon is collecting as it continues to fill this set of tools it has to keep getting into people's homes. emily: and they of course did a big deal with whole foods last year. do you think amazon will be more acquisitive in the future? alex: i can tell you now covering tech m&a, they're number one on my list. we are waiting on the next big deal. nothing in the hopper i know about now. that doesn't mean it couldn't change. even the whole foods deal fits into this strategy perfectly. they show up with your food you , talk to the camera, get them in the door. emily: that was alex. coming up, the gun control debate hits the tech world. we will look at the growing backlash over the nra and streaming services. that is next. this is bloomberg. ♪ . emily: welcome back to "the best of bloomberg technology." i'm

duracell competes on amazon with amazon's own brands of batteries.the power if it wants to take advantage its own brands of of those of brands that are popular elsewhere. emily: that is an important point. with aix and machine learning with amazon, what can companies do and what should they be doing to be algorithm? >> it is not really about eating the algorithm but working with the algorithm. yes but the shopper and customer at the center. that is the sea shift of where the cpg companies should think about. and they should apply machines as opposed to having a human work with machines. what that means is you had have teams making strategic positions of where to win on marketing and where i should invest in stock levels. and have the machine start doing of where to win on marketing and the tactical divisions on a day-to-day basis. technology platforms that we have been building are around that, helping these rent manufacturers make the transition of going from a human and passive retailer relationship to something that is human guided but machine dri

plus, the amazon agenda.ur deep dive into the ever expanding footprint of america's e-commerce king. not just the company, but industries potentially in its crosshairs. and our extended interview with google cloud ceo diane greene, just one of the top female leaders of tech we bring you ahead. first, to our lead, gary cohn the parting the white house, president trump's desired trade tariffs are sending chills throughout the tech community, especially if they take aim at chinese imports, including consumer electronics. amazon and apple could feel the impact, especially considering the products that they manufacture in china. apple could have the most to lose, with most iphones, ipods and more being assembled there. we discussed what a looming trade war could mean for the industry at large with executive editor tom giles. we also spoke to max abelson, who covers money and power for bloomberg. max: wall street is not happy. on the one hand, we cannot go too far. the reality is that nobody knows what is going on

and you have seen it with amazon and go. -- amazon echo.seems to fit nicely within that entire ecosystem because, you know what, amazon's end goal is not selling hardware. it is getting the hardware in so they can sell more products on its e-commerce platform. get you to open your pocketbook a little bit more. emily: talk about how this fits into the delivery strategy? obviously, amazon has been really focused on that last mile. now they have this concierge service key, where amazon can go into your home and drop off packages. how does this tie together? alex: so when you use ring, a smart camera, you can have the person on the ground talk to it. if you are on your phone, tablet, or pc, you can talk back. so that actual relationship, where you are not just a passive watcher, you can engage with the person who is there. though -- so if it is an amazon delivery person who is verified, you can open the door for them and tell them where to leave something. but amazon has been pushing services like housecleaning and dog walking. so anyone who's

so you find a product on amazon, identify who makes it or who the vendor is, and then bypass amazon inway. so there's definitely a big conversation, not only about boycotting amazon but people boasting about canceling prime memberships and even coaching one another on how to boycott amazon with minimal obstruction to their lives if they been dependent on the service. selena andks to spencer. spotators brought in to fakes news and misleading videos stumbled in one of their first major tests this week. screeners mistakenly pulled right-wing videos in the wake of the park when shooting. some youtube channels began complaining about their accounts being pulled entirely. youtube said it would reinstate any videos removed in error and that it would continue to enforce existing policy. how do yound i just just how0 billion -- do you spend $100 billion? we find that next. plus, the renewed push for 5g. that's next. this is bloomberg. ♪ >> it has been one year since snaps ipo and we still have a lot of question. out of snap went public it make huge changes. it rolled out a bidding based adverti

a lot of people made this with respect to amazon about personalities and ceo at amazon, or at, we're talking about jeff bezos here. but this is really about policy. you have a huge company that has done amazing things in amazon spring up in very short amount of time and really tax policy and other policy has to catch up to that. those competing with amazon are on a level playing field. brian: the trump theme is changing again. secretary shulkin is out. ronny jackson is in. we do have some, you do some fake news you do want to report, right? we'll look forward, ronny jackson might have harder time, might have a hard time getting confirmation because people like him. he just doesn't have the experience. for you personally, they wrote but today. pete: you guys deal with fake fuse. maggie haber tweeted i never wanted to be under consideration. so much misinformation. clarify the pick of ronnie jackson what you hope he will do at the va. >> we think dr. jackson will make a tremendous secretary of veterans affairs. this is a man who as a doctor understands medicine. as an active duty membe

amazon up. nvidia up.t's a great quarterly story for the tech sector specifically, even after a pretty nailbiting week for the group. emily: netflix and amazon defying the odds. i have an interesting chart here which shows if you take out netflix,f you take out consumer and discretionary spending is actually down in the first quarter. what do you make of this? mike: absolutely. amazon -- we always consider it as a tech stock, but as far as the industry classifications of the big indices, it is considered a consumer stock in the retail category as well. a giant weight in those indexes. these are market cat waited indexes -- market-cap weighted indexes. consumerkes the discretionary look good when most of the rest of the group is struggling a little bit. emily: facebook turning a corner in the middle of the cambridge analytica data controversy, that still seems to be unfolding. has it hit bottom, or could there be more bad news to come, especially with mark zuckerberg potentially testifying in washington? mi

coming up, that amazon agenda. deep dive into the ever-growing footprints into e-commerce and the industries in its crosshairs. plus, hey big spender. blows $10.7 billion in just a few years. the cash burn for the world's most valuable startup. and boxed shares take a beating. but first to our lead. of the state stock of amazon, from its ballooning e-commerce and cloud businesses to newer forays into groceries and hardware. in amazon announced a health january, care venture with j.p. morgan chase and berkshire hathaway. in february they acquired ring, and now in march amazon is looking into providing customers with checking accounts and announced it is expanding whole foods deliveries to prime customers in more u.s. cities. how do these announcements fit into the complex amazon operation? for more, i want to bring in our , whoberg executive tech also wrote the book on amazon. how does this all fit into -- together, under the umbrella of amazon operations? >> everything you just mentioned. one of its products is its

on attacking amazon? does it play best with his base? >> so my colleague jonathan swann as axios reported earlier this week that trump is not really upset at facebook, he's upset at amazon, seeming to stem from jeff bezos and "the washington post." you're right that this does cater to his base and is also a lack of understanding of the issues of what's happening with big tech companies, and a narrow focus on amazon not only because it plays well with his base but advertise into this larger criticism that trump has of business deals he considers to be not great and the way he views "the washington post" and jeff bezos. >> the income from amazon helps the post office, it doesn't hurt it. the post office's fiscal 2017 annual report, the increase in growth was driven largely by the continuing gross of e-commerce. that's amazon. >> right, alex, that's what the data says. but that's not what has lodged in the president's mind. we've seen him repeat this line over and over again that amazon is hurting the post o

if trump hated amazon, he would have told the ftc that amazon should not be able to buy whole foods.f that merger. amazon is one of the great companies. it's worth, you know, hundreds of billions of dollars. it is delivering low cost products to americans. that's why they use it. so, you know, i think it's a great story and my only point was amazon really has benefited -- >> stephen, isn't that the problem, though, it seems as though the president on every other point would support amazon's growth but only for the fact they own "the washington post" that he appears to be calling them out. doesn't that concern you all he's attacking a media organization and using it, masking it somewhat, with his concerns about amazon? >> yes, it does, but my point is, he did allow the merger to go forward with whole foods. i think that's a positive thing. and, look, i think donald trump is pro business. he wants business to succeed. i think he would love to see jeff bezos maybe be more praise worthy to the policies because most of the policies trump put forward that has helped amazon -- >> so should

because when he speaks of the size of amazon and amazon posing a threat to brick and mortar, mom and pop operations, i get that. on the other hand, don't interrupt my amazon prime. i'm expecting a delivery today. >> you and i both are i think. i think it is an interesting strategy. i think he is playing back to his roots of kind of small town rural mom and pop businesses, small businesses. people who think that they have really been hurt by this. people who are not able to kind of keep up with technology. so whether that is a good play or bad play long term, i'm not sure kret. but it is really interesting. you wonder how much it is tied to his antipathy toward the "washington post" and other, but there is a sense that amazon has cost main street cities and towns across the country hundreds of thousands of jobs. >> i talked about "roseanne's" ratings and roseanne for all the strength of her tuesday night showing lagged behind where anderson cooper was in interviewing stormy daniels last sunday night. i mean the nation turned out to watch stormy. but politically speaking, can't we conc

when he speaks of the size of amazon and amazon posing a threat to mom and pop operations i totally gethat. on the other hand, don't interrupt any amazon prime, i'm expecting a delivery today. >> you and i both are, i think, michael. i think it's an interesting strategy. i think he is -- he is playing back to his roots of kind of small town -- rural small town, mom and pop businesses, small businesses. people who think they have been hurt by this. people who are not able to kind of keep up with technology. so whether that's a good play or a bad play long term i'm not sure yet. but it's really interesting. you know, you wonder how much it's tied to his antipathy toward "the washington post" and others but there is a sense out there that amazon has cost main street cities and towns across the country hundreds of thousands of jobs. >> hey, neil, i talked about roseanne's ratings and roseanne for all the strength of her tuesday night showing lagged behind where anderson cooper was in interviewing stormy daniels last sunday night. the nation turned out to watched stormy, but politically spea

let us get to the amazon story we know so many of you buy on amazon or prime members. watch out amazon, finally hearing me say that instead of the other way around. walmart announcing it is in preliminary talks to buy insurance giant humana. while there are no firm details what's being discussed. humana valued at $37 billion is the latest potential health care deal in what is becoming an m&a heavy sector. why do we say watch out for amazon? lots of rumor, amazon is getting into the health care business, not a rumor, berkshire hathaway, jpmorgan and amazon going figure out how to lower pharmaceutical prices. >>> not the only potential deal on the horizon. the new york stock exchange reportedly in advanced talks to buy another u.s. exchange. the chicago stock exchange. this would be a deal worth about $70 million according to sources, sounds small but talk about m&a, these exchanges are being sucked up minute-by-minute, we told you the cme was buying next out of england. another data breach, hitting 150 million people. not facebook, this time users of under armour's my f

abby, he's not just talking about amazon. the president also taking shots at california's governor today. what did he say about that? >> that's right. the president appeared to be this morning as he often is watching television, watching fox news which did a segment about jerry brown, the california governor who he has been fighting with over and over again the last several months over this issue of sank wary cities. jerry brown and this last week pardoned five illegal immigrants who were in this country illegally who had been convicted of crimes. and now brown close the individuals according to his office because they had turned their lives around after being convicted many, many years ago of these crimes. but the president in his tweet highlighted the crimes that the imgraj imgranlts we immigrants were convicted of, dealing drugs and then the president asks, is this really what the great people of california want? so here the president escalating his attack on jerry brown who has really resisted the president's push to crac

how surprised were you to see the president take on amazon this week?> our sources have told us that the president has talked privately among close friends about amazon for some time that he is concerned they are not paying enough taxes. he's concerned about the revenue effect that the post office may be having from amazon. i will point out here that the postal service has said they are actually gaining money from amazon services. but it is noteworthy, i will point out, that brad parscale, who is the 2020 campaign manager, has stressed this point as well and basically brought in "washington post" tweet criticizing amazon. ist is not amazon that owns the "washington post". it is jeff bezos. you are seeing all of these pieces brought together there with the attacks the president has had towards amazon this week. >> eugene, i sat down with you last week in washington for "march for our lives". all of a sudden a week later that is almost a case that has been turned in the media, and the president did that by focusing on amazon. is that strategy or just the

amazon is up 500%, apple is up 200% if you go with that historica y data, you go with amazon but apple could play catch-up. even the momentum is on amazon's side >> for me, listen, i looked at it this morning and said which of these two would i want to put a new dollar into. i looked at my technical analysis book, looked for triple tops, couldn't find any, then looked at apple's stock. there's no such thing as triple tops, they don't write about them for a reason. >> in the short term i have to disagree with my amazon friends, esteemed panelists no question apple is going to get there first. when i think about what amazon is doing in the grocery space, i think it's a massive, massive thing for their entire product categories i think so it's a halo effect for their whole business model if you listen to a couple of analysts, they'll have 900 billion in north america revenues, that's a number out of wolf, i read their report today. no matter what's going on here, amazon is taking market share from everybody they'll be taking market share from apple short run, it will be apple. they have a

ago, but now many states of passed so—called amazon laws to force amazon to abe local tax laws, amazontaxes in many jurisdictions. amazon has paid $1.6 billion in taxes, that is much less than walmart paid but it is hard to pay tax and you are not profitable, so pay tax and you are not profitable, so it is hard to know what shareholders make of this latest resident trump thai raid. they are still waiting for this latest package to actually be delivered. —— make of this latest president trump criticism. let's move to asia now but stay with president trump, because he has warned a revised trade deal with south korea might be put on hold until tensions with north korea are resolved. rico hizon in singapore is following the story. this is quite disappointing, especially the south korea because this was a day after he praised this renegotiated trade agreement as a victory for his get tough stance on commerce, david. but the president's remarks appear to suggest he is seeking to hold the deal as leveraged over washington's ally, south korea, head of the nuclear talks. north korea and south k

emily: is amazon taking over the world a good thing? for amazon investors, obviously.he company performance has been stellar and the stock prices have multiplied by a factor of four -- but no, the bigger it gets, the more industries it enters, the more questions of the market power arise. it could be great for customer certainly that amazon brings long-term orientation and willingness to lose money to pass on the benefits over to the customers in the form of lower prices. great for customers but destabilizing other industries and raising questions about market consolidation. it hasn't been all great news for amazon, amazon studio is struggling to get back on its high-profile a big departure today, amazon prime's greg really leaving for airbnb. brad: greg was an old timer and the first guy -- people don't remember, super saver shipping where for the first time if people wanted to wait a few extra days they can get shipping for free. itcost amazon money but entered the loyalty of customers and that was the beginning of the pathway for prime. they were basically using the

amazon off the worst levels of the day. i've not been a seller of the stocks on things like the president quote/unquote coming after them i think a lot of the potential ma malevolence is balanced out by a little bit of let's call it being all over the place and maybe even a little bit of incompetence so a lot of these industries that he was quote/unquote going to chase down, you really haven't seen that show on up in the fundamentals so they represent good buying opportunities. and long term trend for technology in general be, december spite the carnage, lonm up trends are still largely intact not a lot of these stocks have violated the longer term up trends >> pete, what do you think netflix good short, going to go below 300 bucks. here we are 286. >> certainly caught that i think what they are doing, coming after high multiple stocks if you go out even outside of fang, but if we're concentrating on fang, obviously with all of the facebook fallouts, you have seen this cascading thing and in the past as well where in f. one

he's criticized amazon before. linked jeff bezos who owns amazon with "the washington post" which he also owns. and that -- some people think that's part of his motivation for taking on amazon. it is true that amazon has been disruptive for a lot of small businesses in communities. and that's a fair conversation to have. it is not accurate to say that amazon does not collect sales tax, however. since last april, april of 2017, so for the last year, amazon has collecting sales tax wherever there are -- states where sales tax is levied. that's a criticism that used to be made against amazon that i think is now a little out of date. >> bret: here's steve forbes asked about this kind of focusing in on one company. big company. amazon. >> free markets will work in bringing that company down just as it does with any other company over time. i'm old enough to remember g.m. when that was the big, bad company. i.b.m. when that was the big, bad company. >> and microsoft. >> wal-mart was going to take over the world. now it's

if you've got an amazon account and the president is trashing them or you own amazon stock, what doest's unclear whether action is taken. and the president and lindsey walleters says there's no policies in the work now. the president says he's interested in looking at anti-trust regulations or how he could treat them with different tax treatment, but it's unclear whether he's actually going to move forward. leland: that's a knock on ama n amazon, you can't have to pay sales tax and now if you check your account you do. this would put up a rebuttal to the tweet. one person who expressed to the president, a negative story in the post is almost always the catalyst for one of his amazon rants. and amazon doesn't own the post, bezos does personally. >> as you mentioned "the washington post" put out this story and friday. leland: does that much your guy's reporting? >> about the story. basically the post says, you know, he hates "the washington post" as well in many ways, he thinks they're fake news and they report a lot of stories the wrong way and painted them in a bad light and thinks th

neil: you don't apparently assign that to amazon? >> the thing i will say about amazon is this. remember november 2016, a big event happened then. trump got elected. we heard he is going after sill son valley. he hates jeff bezos. he owns "the washington post." if you listened gotten short the stock, amazon was below 1000 beginning of this year, a year ago. these are times when you want to think about owning stocks if you like them. you don't chase them. wait for opportunities like this. you stand your ground. i still like the story. this is one i want to buy as opposed to i want to run. neil: what do you tell your clients, charles. >> essentially the same thing. we focus on fundamentals f they're growing top line organically, they have pricing power, their margins are expanding, taking market share, you have names you want to buy on the dip. neil: is amazon among them? >> absolutely. neil: really? >> even apple, all the times people point at apple, the last time they put out their numbers iphone, had a huge jump. even off years they have pricing power and they take market share

emily: you have got giants in the room, amazon especially. how big a threat do you think amazon is.nis really if you think about our space, the way that theory better pricing is by purchasing 10,000 units and passing it on savings. is selling itself on the table? >> now, we feel great about the market opportunity we have a. when i joined the ceo in may, i said, i believe we have a good market opportunity and that we can grow quickly. we feel great about the next three we are on. emily: but could you thrive better within a larger company, the great thingin has been the day job. 86% of the users are women and they count on us to wake up every single day and deliver on their behalf. we are socially responsible and socially conscious as an organization. focuses changed is our 86% of our sellers are women in our buyers are disproportionately female as well, so having a diverse culture that reflects the diversity of our market is important. we also get better ideas when we have people coming from many different backgrounds. we embrace all forms of diversity. we are making progress, but th

to amazon, they ran the retail business. at or below cost the stock market allowed them to do it. kept financing it. why wouldn't that be the case if, in fact, aws hasn't grown? i don't know why we directly know it's a direct subsidy >> it could be let's let it stand on its own and see if investors allow it to continue to grow at no profit at the rate it's been growing it's easier to do when it was growing from $2 billion to $5 billion. now that it's $140 billion and grown in a way that's been subsidized, or at least subsidized from an investor perspective, let's let it stand alone and see if investors want to continue to buy that business that continues to lose money at $100 billion or $150 billion i don't think that will be the case the growth will slow, investment will go and wouldn't be trading at $1500. >> do you think they ought to be broken up? >> i think it's a difficult question i think the playing field should be level for everyone. that hasn't been true in the past i will say building on what bill just said, amazo

there is no special treatment going on for amazon. amazon, the u.s.al service added sunday delivery because there are so much to deliver. that's helping the usps grow its business. the usps calls the partnership that it has with amazon mutually beneficial. >> mutually beneficial, says the postal service. thank you for that fact check. >>> the date is set, north and south korea agree on the first summit between the leaders in more than a decade. what this could mean for the looming meeting between kim jong-un and president trump. if your adventure keeps turning into unexpected bathroom trips you may have overactive bladder, or oab. ohhhh... enough already! we need to see a doctor. ask your doctor about myrbetriq® (mirabegron). it treats oab symptoms of urgency, frequency, and leakage. it's the first and only oab treatment in its class. myrbetriq may cause serious allergic reactions. if you experience swelling of the face, lips, throat or tongue, or difficulty breathing... stop taking myrbetriq and tell your doctor right away. myrbetriq may increase blo

president donald trump is obsessed with amazon and that he might eventually look at how amazon and other online retailers are text then we shouldn't forget a lot of the friends of donald trump are actually coming from the real estate industry and online retailers so well they put some pressure on brick and mortar stores and there seems to be one concern of. this beautiful rainbow colors behind you there yes well let's talk test things have not been bright for them on tuesday reported on their sinking stock after a crash involving one of their cars but that's not the only thing on investors' minds. you know the stock of tesla dropped another almost eight percent here in the wednesday's session and that was because the credit rating agency moody's lowered the credit rating for tesla mostly because of there there are some concerns in the respect to the production of the new model sorry we will get the new figures next week recently tesla promised to deliver about two and a half thousand of those we killed per week but now wants me to things it's more likely that it will only be a thousand t

amazon does feature some products like amazon pay and amazon cash, but will the -- what will this new mean for customers? want to bring in bloomberg tech how will this work for amazon? details, andht on basically, what we know is jpmorgan and capital one are interested in becoming the bank of amazon, of sorts, and are interested in providing products to amazon and it's very large customer base. emily: what kind of risk does that involve amazon taking on? >> in terms of risk, there isn't much risk -- there isn't too much risk. i think the question really is, why isn't amazon doing it? it comes with a ton of regulation in terms of the capital and all the regulatory requirements. banks like jpmorgan and capital one do this everyday, so it is more bread and butter for them. emily: talk about the footprint they have here. jennifer: that is a good point, they offer a lot in terms of small business loans and have a credit card already with jpmorgan and security financial. one of the things they did last year is they offered a prepaid account where you load money into an account and amazon gi

amazon is the client but they're making money doing that. .hey've even special service on sundays to send packages. which did not used to be the case and they're doing that. they make money that way. >> clearly, there is concern. i should just point out jeff bezos owns amazon, owns "the washington post" now. you're here because you're our colleague and regular go-to, but the fact is, this could be very troubling for amazon, because of the regulatory power of the federal government. you've got the president of the united states going after a private company. >> yes, i mean, it's very unusual. unprecedented for a president to directly attack individual companies. amazon isn't the first. he's also done it to boeing and a couple of others. what makes this doubly, you know, complicated is -- well, triply complicated really. so amazon is a giant global business, which, as jeff pointed out, does pay estate sales tax. but it, you know, is at the forefront of a business revolution, which the president is watching, and which legitimately the president o

sellers of amazon.amazon. amazon could come out ahead on that thing which is so weird. you think we're going after amazon. once again these guys have a strategy to get around it. it wouldn't surprise me that amazon comes out stronger than they compete against the third party sellers. they sell their own stuff, stuart, not somebody he will's. stuart: that was good, brian. give you that. as you may know this is baseball, opening day. in some case however, it will cost you more to park at the stadium than to enjoy the game. we will explain it. that's a promise. ♪ at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. crowne plaza. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ retail. under pressure like never before. an

welcome back if we want to break we are speaking a little bit about amazon with. japan's fair trade commission is rated amazon's tokyo quarters in pursuit of an anti-trust investigation of the online retailer the commission says the raid was prompted by complaints from suppliers that amazon pressured them to shoulder the burden of discounts amazon is also reportedly suspected of demanding a collaboration fee essentially a tax on the value of each item to cover discounts the fair trade commission previously cited amazon for demanding that suppliers price their products on amazon at the same level or lower compared to all other sellers japan is the world's third largest e-commerce market and amazon's second largest market outside of the united states. and bad boy bank wells fargo remains in the hot seat as it's reported today that a federal investigation extends beyond the unlawful tactics in the retail banking practice and now includes the wealth management business the u.s. department of justice and the securities and exchange commission are conducting the investi

for demanding that suppliers price their products on amazon at the same level or lower compared. all other sellers japan is the world's third largest e-commerce market and amazon's second largest market outside of the united states. and bad boy bank wells fargo remains in the hot seat as it's reported today that a federal investigation extends beyond the unlawful tactics in the retail banking practice and now includes the wealth management business the u.s. department of justice and these curious an exchange commission are conducting the investigation and agents from the federal bureau of investigation have been interviewing some wells fargo wealth management employees in recent weeks. virgin atlantic has posted its first ever loss of forty eight point five million pounds the airlines bottom line took a hit after a harsh hurricane season and problems with the rolls royce engines that led to increased cost cancelled flights and grounded planes virgin c.e.o. craig kreeger told the telegraph of london that virgin's fleet suffered a ten percent average grounding rate in two thousand

amazon does deeper into music with alexa playing dj. rise in the industry that could hit $41 billion by 2030. to our lead. in the massively competitive food delivery space, doordash just got a big leg up. softbank is leading an investment in the san francisco-based company. the company is taking on bloomberg needs and a cast of other competitors. joins usceo tony xu for a first on bloomberg interview. great to have you. that is a lot of money for a start up. what do you think justifies this kind of cash? the: the investor matches size of the ambition and the opportunity. billion that $200 happens in restaurant takeout sales. 90% of the time, the customer is still placing an order with a to theall or walking in store. our goal is to serve those customers and also go beyond restaurants emily:. how do you plan to bash go beyond restaurants. emily: to the store. our goal is to serve those customers and also go beyond how do you plan to invest it? 90%: we offer delivery from of the top 100 restaurants that offer delivery today. we plan on bu

but even wal-mart isn't doing as well against amazon i don't know if they're the biggest one or not because don't forget you have target to target as a brick and mortar stores and target stock is you know competing against wal-mart all the time for also in-store people how do they get the people through the gate when you get people to come out and go and shop and store you tend to have them spend more but i was on a stunt such a great job getting people and getting their things right away free shipping this and that next day shipping and wal-mart and target haven't been able to compete with those and i don't know if they're going to be able to compete with those and that is the problem amazon is definitely the king the queen of everything online and i don't know how anyone can compete with them in the future they're really good just growing by leaps and bounds i got a call with my driving home last night and i got a call from a guy in our party says there's amazon for you and i'm thinking why do you need to tell me well it was food that is was being delivered delivering food now so

but that's amazon.think the fundamental story here is one of the strongest if you're going to pick one asset in the internet space to buy and hold over the next five to ten years, it would have to be amazon. i'm in the flinching from that position >> you know, mark, back to spotify for a moment they're asking their potential investor base to accept the fact that because they believe as long as customer lifetime value is higher than subscriber acquisition costs, they're going to keep spending a lot of money to get new subscribers you seem to believe investors are going to go along with them, that they're not going to worry as much about profits up front >> well, okay. so a couple points this is a company that's done two years in a row of positive free cash flow they have a very nice working capital benefit to their model i think they'll get a little bit of credit for that it's actually ironic you can look at netflix, which has positive gap earnings but negative free cash flow. you've got this company tha

the vicespoke with president of amazon music. >> it is a huge part of amazon music.on smart speakers. the first thing people want to do with the speakers of listen to music. it has been a big part of the service. emily: is prime driving subscription and growth? >> it is. we have two tiers of amazon music. with your prime membership, you get prime music. survey -- ais a service called amazon music unlimited, which is a standalone subscription. emily: give us an idea of how many people actually use amazon music. in the world of spotify, apple music, these are big numbers. what kind of growth are you seeing? >> we are seeing exponential growth. we don't disclose numbers publicly, but i can say in a very short time, amazon music has become the third-largest streaming service globally. figures, we have seen this year alone in 2018 more thann alexa, two times what it was last year, which was also two times more than it was the year before. we reached the point where listening is bigger than listening -- where listening on alexa is bigger than listening on a smart phone. ca

if they didn't like amazon, if they didn't want to shop at amazon, they wouldn't.d get up in the morning, go stand in the line at a big box store and buy their product. that's not how the american consumer evolved. it's partly because of am stoaz coming on the scene. also recognizing what the american consumer wants. so the president, you know, talking down on amazon, yeah, it shows the impact it can have on the market but it's out of sync with where his own base is. >> let me read that because this was interesting from the oxios report. to your point, president trump told axios last year he doesn't mind facebook because it helps him read his audience. he's an old school business man who sees the world in tangible assets, real estate, physical mail delivery, main street, grocery stores. amazon takes direct aim at some of the core components of midcentury business. he's a 71-year-old guy. >> that's right. >> they're saying who's stuck in the ways of -- >> stuck in 1950s america where you just kind of got up and went down to the corner market or went to the local sto

people of amazon enough to volunteer, we have to reckon with the fact that we made amazon who it is, the beast. happy friday. 38 minutes after the hour. working to make america safe again the trump administration cracking down on anybody entering the us. extreme vetting is a tactic to roll out. a controversial curriculum, school assignments that require students to write to lawmakers asking for stricter gun control. forget the cream and sugar. how about a side of cancer with your morning cup of coffee? is coffee good for you or bad? a new warning to millions of coffee drinkers. ♪ dear great-great grandfather, you made moonshine in a backwoods still. smuggled booze and dodged the law. even when they brought you in, they could never hold you down. when i built my family tree and found you, i found my sense of adventure. i set off on a new life, a million miles away. i'm heidi choiniere, and this is my ancestry story. now with over 10 billion historical records, discover your story. get started for free at ancestry.com packing to the last minute. guys, i have a couple of things to wash

attack on amazon.resident trump once again lashing out at the e-commerce giant blaming it for scamming the post office out of billions. is the post office really losing out? we will break that down. >>> risky rental. the head had of the epa in hot water for his condo rental from lobbyists just the latest of several controversies involving trump officials. >>> we will go live on the ground as residents demand justice. one day after an autopsy rises new questions about the night stephon clark was killed by police. >>> we start with another member of president trump's cabinet facing new questions over spending decisions. the head of the environmental protection agency, scott pruett is under scrutiny for a deal he got for housing on capitol hill. he

president wants to change amazon's tax treatment let's go to mike hanna who is in washington d.c. for us so mike tell us what's been happening on wall street. well certainly bad news for amazon shareholders the stock has slid in close to five percent in trading during the day that some thirty three billion dollars out of the pockets of shareholders now this all following a report by x.e. are saying that president trump has got amazon in his crosshairs that the report says he's upset with taking some form of action against amazon one of these could be looking at its tax collection priorities finding some ways in which extra tax could be charged off amazon's of businesses so certainly a major situation for amazon just based on a report that the president is targeting it that my quote reasons with the president have to want to target amazon well the president has tweeted before in august last year for example he put out a tweet saying that amazon was costing us jobs he also according to the accessory port has been speaking to friends and business men who reportedly have told him that

postal service is probably thrilled with amazon's business right now so they need amazon.ie: but what is the attack on the u.s. postal service? what is that? liz: investors are getting ready to sign on a dotted line as a tech uni- corn prepares an initial public offering. nicole? let's get to it. nicole: that's right, filing initial documents when the ipo, the company is valued at $3 billion in 2015, the company trades under the ticker docu at the nasdac, and by the way 333.33 you'll hear a lot that's a tradition ahead of it the three-day holiday meanwhile one of the hottest ipo's of 2017, snap is laying off hundreds of employees the parent company of snapchat says it's about 3% of its workforce mostly in sales and french japanese automakers nissan are in talks to merge and they say the company would trade under a single stock and be run by the same chairman, the alliance would create a challenger as the industry shift s towards new energy vehicles and autonomous driving and up next a silicon valley attorney has a quick fix, facebook countdown with liz claman coming up nex

trump really do to amazon? and facebook taking more steps to clean up how it handles your data, what it's going to mean for you, the social media giant, facebook's business model fundamentally broken humpty dumpty or not power lunch starts right now >> welcome to power lunch. dow up triple digits now on track for the first weekly gain in three weeks for the month, the nasdaq is on track for the biggest monthly decline since january of 2016. more on the staggering stats straight ahead what's powering today's gains? disney, exxon, those are the biggest gainers in the dow facebook is feeling the s&p and the nasdaq 100 but tesla is losing gas today more on the tesla trade straight ahead. >> here's what else is happening a big shake up at microsoft. two main units the applications and platforms. the stock is higher right now. more on what this means for investors coming up. snap cutting about 100 more jobs mostly in the advertising and sales business this is the second round in recent weeks and a cyberattack targets

the service is making money off of amazon. federal law prohibits delivery of packages below cost. >> there are legitimate things that he could look at with amazon. his erratic approach of this undermines his case a little bit. >> amazon declined comment. the company is working behind the scenes with more than two days two dozen lobbyists hoping to avoid a legal showdown with the administration. >> another piece of the toys "r" us empire has disappeared. the bankrupt company has shut down its e-commerce website for toys "r" us and babies r us as part of its liquidation of u.s. operations. the websites were turned off at 5 pm yesterday. the company's corporate website toys "r" us inc.com is still operating. with no new orders are being accepted. >> stanford university says it has offered admission to 2040 students for the class of 2022. 47,000 students applied for those spots making an acceptance rate of just about 4%. that is down slightly from last year. stanford says the freshmen are from all 50 states plus washington d.c. an

.>>> amazon buys another company. we break down the deal for the maker of the smart doorbell and white could be the key to the success of one of amazon services. we will discuss it with our tech expert. >>> amazon is that expanded service pastor doorstep and right inside your home. the e-commerce giant is set to purchase ring, the maker of security cameras and doorbells. the company will pair ring products with the amazon key, a smart doorlock and security cameras service. for more what the acquisition could mean we are joined by ryan eldridge. inc. you for joining us. what does this mean?>> this is pretty big news. reportedly amazon purchasing ring for $1.1 billion this is coming on the heels of amazon's acquisition in december of blink, in other doorbell video company. it, from a layman's point of view looks like amazon is trying to corner the market on the video doorbell market but like you said in the intro, it is about them connecting their key service. if you imagine what we see a lot of news and social media th