partnership, if you're a small business with amazon, amazon is doing another thing which is apparently using their algorithms, logistics and delivery services back towards amazon. so if you decide i'm going to use 3rd party delivery systems, not amazon directly, i'm going to use logistic systems that are separate from amazon. amazon is varying the search results for you, and instead they're giving a higher advantage to companies that use them. and again, this may be a whole other set of antitrust, again, unfairly treating those 3rd party groups better. we could do a whole show on this boom bust host, ben swan, thanks for breaking it down for us today. you got it and that's it for this time. you can catch boom bust on demand on the brand new portable t.v.'s, which is available on smartphones and tablets there. google play in the apple app store by searching portable t.v. . or what if you could also be downloaded on your model, fans smart t.v.'s as well as roku devices or simply go to portable t.v. . see you next time. join me every thursday on the alex salmond shill. and i'll be speaking to guest of the world of politics, sports business, i'm showbusiness. i'll

amazon free christmas. others say using click can collect to support smaller businesses. things didn't. i deliberately avoid amazon, especially now it would be irresponsible in that i'm rejecting amazon. amazon has responded to the criticism, which has come from as high as the mare of paris by promising to delay its black friday specials. it says it wants to give small businesses time to reopen, before the shopping bonanza begins and that's a show for more. you can check out our website at d, w dot com slash business or c. take a look at our social media efforts. i'm chris colfer and roland. thanks for watching. ever stop a successful get into parliament. despite coming from a poor family, the pop star wants to become president. challenges and god doesn't store starts december 10th. that is for me. beethoven is for him. beethoven is for beethoven is for everyone he told when 2020 years and 50th anniversary on d. w. to get to corey's seat back at us with the promise of a new plug, a dream destination for tourists teeming with marine wildlife and on its shores chorus now is an island paradise. but it's under threat. the former dutch colony located off the coast of venezuela, is feeling

amazon is going to verify these prescriptions. drug addiction is a huge problem in this country. how will amazon handle all that? spencer: that's a great question . what amazons offering here is not exactly new. there are other folks already doing this kind of thing. the question is, will amazon , simply because of its size and trust factor, will that pull people into the fold? one of the companies that got clobbered today was group rx. they've got about 5 million members. amazon has about 80 million, 90 million prime members in the u.s. and those are households. if we see a big shift in prime members that count on amazon for more and more of their day-to-day needs, if we see a good percentage of those prime customers go to amazon for drugs, this is where the book becomes sweeping and sticky, if those people move and if amazon is able to deliver. just the hassle of changing. it is easy to go on amazon and start buying general products. but, to switch your prescription from a traditional pharmacy to amazon, you have to call your doctor, amazon has to contact your insurance company. there is some friction. that's going to be the hold up. emily: we will be watc

into thanksgiving is etsy it more than doubled granted they don't have the market share of an amazon, amazone and everything either is fighting for the rest but nonetheless, that is still a marked increase for small entrepreneurs if you will trying to sell their wares. people shopping more online, they are looking a bit more personalized >> okay. very quickly, be honest, i know you live in manhattan, so it is a bit of a different story, when is the last time that you were inside a mall? >> wow i will tell you -- >> mine was in 2019. >> i was at one a couple months as go, but it is an outdoor mall, like it is on the street and i felt much more comfortable doing that we went for lunch because it was nice and spacious. and so that made me comfortable. going inside a mall, i'm still working up my courage. that's just me >> you'll be just fine and we appreciate that you are there. and i actually kind of looking forward to hitting the food court, sampling all the free things and not paying for anything we'll see you all day long thank you very much. >>> joining us now to talk more about retail win

amazon is shaking up the pharmacy industry. starting today, amazon is offering delivery on common prescriptions, including medications that need to stay refrigerated, like insulin. customers will need to create a profile and how their doctors send the prescriptions to amazon. amazon pharmacy will accept most forms of insurance. customers can also use flexible spending accounts, or health savings accounts to buy prescriptions. some analysts say this venture can be an uphill climb. >> even with delivery, you see significant in-store pickup of prescriptions. because people want control. because they want to know that they're going to get their medication when they need it. >> the service is available in 45 states, including california. the company says it won't ship opioids, or any other drugs with a high risk of being abused. >>> it has happened again, some bay area stores are said to be running out of toilet paper. we found bare shelves at target stores in san jose livermore today. shoppers across the u.s. are stockpiling supplies, especially in parts of the country where coronavirus cases have been on the rise. according to the data, about 21% of paper products and 16% of household cleaning products are out of stock nationwide. in normal cases, only about

amazon and trying to morph to a very difficult landscape here. reporter: yeah, those big box stores like walmart are trying to give amazon a run for its money, but this weekend, amazone to the occasion and to the competition. take a look at these numbers from thanksgiving and black friday. amazon had 55% share of online sales compared to these other retailers. that's up for amazon about 4% year over year. amazon was followed by walmart, best buy, target and then ebay. you mentioned this, foot traffic in retail locations was way down this year, about 52%. look at this video we have. it looks like any other day at the store, not on a black friday. but that was partly by design. the stores didn't want big crowds this year. so instead, they tried to push people online for the entire month of november, not just on black friday. that seemed to work out best for target. sales online for the month of november in the run-up to thanksgiving and black friday, up about 305% which might explain this next graphic. sales were down for target on thanksgiving and black friday but that's likely because they spread out their deepest discounts over the entire month of november. etsy, t

amazon. amazon says it has no idea how the misinformation got out there. but it did find this on apple maps. wilbert's number for the amazon. amazon has contacted apple and the number has been removed. that's the sound of silence. >> you've been the best help to me than anybody. >> now, we haven't substantiated that google also made the same mistake. apple did not comment on the cause of what made this occur but it did supply us with a link on how you can change a number if this should happen to you. we've posted all that information just go to abc7news.com. dan? >> yeah, that silence is golden, michael, thank you. >>> there is a local contestant on jeopardy tonight. an engineer from oakland will appear on tonight's episode you can watch immediately following abc 7 news at 6:00. tonight's episode is hosted by alex trebek. he was working up until about a week and a half bump his death. his final episode will air on christmas day here on abc 7. >>> all right. let's check back in on the weather, dan. >> ama, the rain seems to abated. spencer christian is back with the forecast. >> okay. dan and ama, we have smooth sailing for

amazon. but the european union says amazon's growth comes with a price that consumers should not have to pay. and we have now come to this preliminary conclusion that amazon illegally abused some anticipation as a marketplace service provider in germany and france, the biggest market spaces for amazon, and in the year opinion. but to our viewers watching on p.b.s. in the united states and to all of you around the world. welcome. we begin today with a u.s. president elect preparing so that he can hit the ground running and the sitting u.s. president standing in the way. in the weeks since the election, joe biden has wasted no time with celebrating yesterday, he appointed a coded 1000 commission to help develop a national strategy for dealing with the pandemic. world leaders continue to congratulate biden. today, the president elect spoke with the german chancellor and the british prime minister . now in stark contrast, president elect biden has spoken with very few republican members of congress. they continue to be silent as president. trump continues to claim that democrats stole the election and offer no evidence to back those claims. the faults, accusa

amazon. so basically, the retailers, the birth, depending heavily on amazon to retail customers. so what do you want? what would you like to see amazon do? if, if they were willing to do whatever you said in order to get rid of this anti-trust suit, what would they have to do? well, for that would have to address them the specific on songs on, on stress investigation, takes time. and we will be able to assess, indeed they then disco of the harm on their, on the effects of these, of these practices. so certainly, if i was on to address these them these concerns that will help to discuss how to deal with the state, the practices. we do commissions in a way that they don't get an unfair competitive advantage by gaining these data on their way to enforce a you sit beside the retailers. it's going to about 30 seconds. here is one of the get your thoughts about. we see the european union taking issue with google for example. and now with amazon is the consumer in the european union, enjoying the, in your opinion, the best protection that it can get anywhere on the globe. us consumers in them are being, you know, we are in a privileged posi

amazon sales and shares rise this year, so does scrutiny of the tech giant. julia? >> i wonder as you look at amazon being such a huge business, 42 cents on the dollar going to amazon d the anti-amazon, do you see the trend that people are embracing the small businesses on etsy as a way to try to help some of the companies that have just not been able to operate during covid-19 and is really an alternative to the amazon behemoth >> certainly etsy is benefiting at the expense of amazon there are different markets for different things can you get the vintage personalized stuff on etsy that you can't get on amazon. there are signs that amazon is pushing into the space of course, they've bfeen pushin the small business angle all year hopefully it will create good will as they're under this antitru antitrust scrutiny and questions around the third party sellers as you look online, that's a good question. perhaps amazon does eat some of etsy's lunch but for now, there is probably enough pie for a lot of e- commerce players >> there is a $20 billion market value at this point or more. thank you. with us now on where the best tech deals are today and the rest of this holida

amazon or walmart. emily: how does amazon's offering different from walmart? matt: amazonsmaller brick-and-mortar presence. walmart has thousands of stores you can pick up from. amazon will deliver fresh groceries in most metro areas. beyond that, you're probably looking at a much more limited selection of shelfstable or frozen stuff rather than fresh food. emily: there are many worthy organizations out there working to fight hunger, but some of them aren't happy about this. can you explain that? matt: the overarching critique, e-commerce and grocery delivery have been a thing for many years now. i think the biggest lingering question mark for folks is the number of retailers involved, primarily walmart and amazon, and there are concerns that the surface area in terms of coverage for deliveries is not as wide as people might have hoped. it is not going -- not going to as eliminating food deserts. emily: do these companies, amazon, walmart, do they have anything special planned for these folks heading into the holidays? matt it's a great question. : both of them have ramped

amazon. and amazon is one of our income platform streams that runs collaboratively with our bricks and mortar stores. and you, recently the internet was seen as one of the biggest threat to these small businesses . but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazon among the biggest winners. last quarter, the enter net retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. amazon right now is getting more and more popular because it offers the convenience factor to people. other businesses can't really afford to. and they're specially during a pandemic when people don't really want to go outside and they want to stay within like their bubble as much as possible. that makes booksellers all the more, dependent on amazon. allen's type x., another lockdown, would put a store out of business. i think about it every day. ok, and i prepare for what i am hoping that this vaccine is going to be successful. that there were 60, everything will come back from normal normality will probably include cooperating with amazon because there's no guarantee customers will return to a store. once the pandemic is over. i'm not full from a in the business theme here in berlin for more check out our website. he tells me

amazon, and amazon is one of our income platform streams that runs co, hourly with our perks and mortar stores. and they're reasonably be internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down and internet day and like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. that makes booksellers like alan, all the more it's a pendant on amazon back it continue even after a lockdown since there's no guarantee that customers will come back to stores. and now to some of the of a business stories making the news to talk can keep dancing for now. the u.s. treasury has extended by a week the deadline for the apps, chinese owner to sell its american business by dance and has until december 4th to get rid of tech talk, which the u.s. government believes can be used for chinese espionage, burns, economy, economic emergency leave because of the pandemic has only just begun, according to the u.k. finance minister, the economy is expected to shrink by more than 11 percent this year and not recover to pre-crisis size until the end of 2022. government borrowing will rise sharply to deal with the economic impact

amazon is both a platform where other companies go to sell their goods and it's also a brand itself it sells a number of products from batteries to clothing to furniture under its own label the amazon label and what the e.u. is saying is that amazon is using all that data it gets from other companies selling on its platform to really boost its own brand so one potential example of this could be that amazon is looking at the data and suddenly sees a big spike and sales of yoga mats and in response to that it starts either upping the marketing for its own yoga mats or producing more of them and that the u.s. saying is it's really a breach of competition law it also comes and that have big backlash to tech science like amazon around the world so it's not just the e.u. that is investigating this kind of behavior it's also the u.s. and other countries around the world. that's the point of view here your let's now cross the atlantic and speak to our financial correspondent. who's out and about in new york what some reasons response been to this update from the european commission. maybe just one quick word you mentioned the 10 percent of global sales that amazon could be charged if we look at the year 29000 for example that would trans

amazon. amazon is one of our income platform streams and mortar stores. until recently, the internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. that makes booksellers like allen stripe, all the more to pendent on amazon. that could continue even after a lockdown, since there's no guarantee that customers will come back to stores. figure a peon union has approved a mini trade deal with the united states, which include feel emanation of tariffs on u.s. lobster imports. the e.u. will drop a 8 percent tariff on us for the next 5 years, and possibly even for good. the business was worth well over $100000000.00, a year before it fell by high. as a result of u.s. e.u., trade tensions in return to the u.s. slashing tariffs on $160000000.00 worth of e.u. imports now and some of the other business stories making news. a 5 g. convention has got underway in the city of joe in southern china. the focus of the event is on demonstration, the applications of the technology in areas like

amazon amazon was part of faang already. if you got microsoft for cloud representation, you've got shopify for e-commerce representation y keep amazons one company that made the trants isition beautifully we argue that represents a majority of amazon's total market capitalization right now. what they're doing on the infrastructure side is absolutely foundational. and so we went back and forth. but fear that it's insincere to pull them out even though they made this transition beautifully. and microsoft very credible challenger in in the infrastructure as a service arena. there, are you know, a dozen folks going after that globally. google's credible here but really it's become a two horse race at the top with amazon owning the mass market and the consumer type business applications and microsoft with the azure platform really making a fabulous run at the enterprise work loads >> byron, just a quick one on all the s-1s, what is the most compelling company what is going to be much bigger, let's say, a year from now from when they go public? >> airbnb is the company that i continue to love i think they've had these massive covid-19 hea

amazon is amazon. i would bet on amazon in that regard so the question is what happens to the delivery -- what happens to delivery business and how big it gets and what happens when people can go out again. i think people -- i think restaurants -- i'm more bullish on restaurants over the long term even though it's a very difficult business in the best of times i think people are going to really want to get out much more so i would see a down turn in that maybe i'm wrong. but people are used to doing it. it's just new york city had it forever. and now everybody has what new york city had, i guess they have handled the pandemic very well and they have a pifrt back to when people start to travel again hotel businesses have a lot of ways to go here. they had a lot stuff they put on the shelf. a lot of interesting and promising businesses this he can pivot into whether it's airlines or experiences, double down on those or whatever. they have a lot direction to go in travel. i think they're the amazon of that >> probably music to brian's ears, kara >> yes >> he doesn't want to be called the amazon of somethi

amazon didn't care about profitability in their first days of e-commerce this is what walmart does in their sleep. >> dan nathan, i said goliath versus goliath in the beginning of this segment. in fact, amazon, if you want to consider them goliath, walmart is like mini-goliath so far this year, is the valuation argument one that favors walmart over amazon >> i don't really think so these guys all make great points about walmart teas ability to game share they have less than 10% of the e market share amazon is going to grow sales this year 35% off $280 billion number this year versus walmart at low single digits to me i think amazon is so far ahead of walmart i think walmart is doing amazing things target is doing amazing things retailers were forced to adapt they were forced to leverage investments they have been making for years and taking them into e-commerce. but i hit it walmart will dominate and take new shares amazon down 11% from its recent highs, i like the fact it's consolidating. in 2021, if walmart is going to work, amazon is also going to work >> that's why karen finerman owns both of them. >>> stephanie joins us on the fast line. in your mind is amazon still the preeminent way to play retail versus walmart >> thanks for having me. i tend to agree with the traders who say why not both medications, why two can win and not on

online retailer amazon but the european union says amazon's growth comes with a price that consumers should not have to pay and we have now come to this preliminary conclusion that amazon illegally abused them in the situation as a marketplace service provider in germany and france the biggest market spaces for amazon in the european union. which you our viewers watching on p.b.s. in the united states and to all of you around the world welcome. we begin the day with a u.s. president elect preparing so that he can hit the ground running and the sitting u.s. president standing in the way in the weeks since the election joe biden has wasted no time with celebrating yesterday he appointed a coded 1000 commission to help develop a national strategy for dealing with the pandemic world leaders continue to congratulate by today the president elect spoke with the german chancellor and the british prime minister now in stark contrast president elect biden has spoken with very few republican members of congress they continue to be silent as president trump continues to claim that democrats stole the election and offer no evidence to back those claims the false accusations have be

amazon free christmas. others are using click can collect to support smaller businesses, things hidden by deliberately avoid amazon, especially now it would be irresponsible in it are rejecting amazon. amazon has responded to the criticism which has come from as high as the mayor of paris by promising to delay its black friday specials. it says it wants to give small businesses time to reopen, before the shopping bonanza begins led to some of the other global business stories making news. general motors says they will recall nearly 7000000 pickup trucks and s.u.v.s equipped with to cut the air back in place. years in response to a u.s. record 3 order, 27 people have already been killed worldwide by the company's exploding inflation. the decision will cost the old to make around $1200000000.00, that's around a 3rd of its national income. so far this year. the international air transport association says airlines need another $70.00 to $80000000000.00 to survive. they perceived an estimated $160000000000.00 in aid so far, both sides. the crisis continues, the risk of bankruptcy remains serious. the i 88 will hold its annual general meeting tomorrow. german coalition leaders are expec

amazon free christmas. others say using click can collect to support smaller businesses. things didn't deliberately avoid amazon, especially now it would be irresponsible in it. i'm rejecting amazonmazon has responded to the criticism, which is come from as high as the matter of paris by promising to delay its black friday specials. he says it wants to give small businesses time to reopen the full of the shopping bonanza begins and not just some of the other global business stories making news. china is planning new measures to manage its aging population according to state media that could include financial support, encouraging people to have more children. for 40 years, china had a one child policy meant to constrain population growth. now the country's health and social systems are facing pressure due to the growing elderly population. singapore's economy gray, stronger than expected, 9.2 percent of the 3rd quarter. a new government report said that while a slowdown of travel continues to weigh in the economy, the pharmaceutical and electronics industries are rebounding from recovery follows a record 13.2 percent contraction in the prior quarter. to today. 2 months coronavirus

amazon. you and i have been talking about amazon for a month or so. now down 10%. amazon in a correction. a piece of it is the eu talk you were mentioning, plus the idea that this is the ultimate stay-at-home stock. if the economy is going to reopen, recover a little bit sooner than expected. we have hope around pfizer's vaccine, even as the virus numbers are worsening right now. investors want out of amazon, want out of microsoft. nvidia and zoom, these stocks up so much on the year. investors taking another look at it, a repricing of risk as inflation -- there is a specter of inflation on the screen. selling big tech. we don't know if this is going to last. as for what is happening after the bell, lyft has reported that the stock is all over the map in the after hours. right now up a bit. their losses narrower than expected. revenues beat. revenues last year growing 60%. now down down 20%, but still better than expected. they have not provided a fourth-quarter outlook. still lots of uncertainty, but that is good enough right now for the stock to be higher. emily: bloomberg's abigail dool

amazon, apple and facebook all higher. those are the names that have a big waiting. those ares defense, the sectors that lead tech and discretionary. >> let's talk a bit more about amazon as you say edging higher. we have this news of cases continuing, hospitalizations surging, more staying at home. how much of this is an overhang from the big pharma news about amazonaking an even bigger play in prescription drugs? >> in terms of amazon on the day, i think we are looking forward relative to that. it is widely acknowledged it will be a big disruption to the pharmacy space. proven.t until that time, it is probably not going to do much for amazon shares. amazon is stuck in range -- you can make the case the stock is technically bearish. what we do have a reaction in is the drug stocks. cvs and walgreens down. analysts are saying this is a big concern from the -- for the long-term but in the near term, it is unlikely to be that much of an effect. you can see big declines in the space. thanksabigail doolittle, so much for breaking it down. one of the companies that stands to see some impact is good rx. how big will that impact be? i want to bring in the founder and ceo. there are some predictions this will be incredibly disruptive to your industry. you are one of the incumbents. what is your answer to this? >> what is interesting as amazon has had mail-

amazon free christmas. others are using click can collect to support smaller businesses, things hidden by deliberately avoid amazon, especially now it would be irresponsible. i'm rejecting amazon amazon has responded to the criticism, which is come from as high as the mayor of paris by promising to delay its black friday specials. he says it wants to give small businesses time to reopen, before the shopping bonanza begins led to some of the other global business stories making news. the international air transport association says airlines need another $70.00 to $80000000000.00 to survive. they've received an estimated $160000000000.00 in aid so far, but as the crisis continues, the risk of bankruptcies remains serious. caroline trade association will hold its annual general meeting tomorrow. german coalition leaders are expected to sign off on a diversity quote up for company board. the new rule announced friday would require listed companies with more than a 3 board members to give at least one spot to a woman. critics argue the rule won't do much to boost diversity on a larger boards. iceland's main labor union accuses retailers of cashing in on the coronavirus pandemic. it

amazon. amazon always wants to be in that space, it's an opportunity to buy a great company and really join in with the rest of the marketplace. that's my number one m & a target. for buy-backs -- charles: i love that idea. okay. i love that idea. i really do. low risk/reward. you are 100% right. if it's not amazonate equity firm. sorry to cut you off in the buy-back. >> berkshire hathaway. think about the girth of that company, how much they play into the rotation trade. i believe we are coming out of the recession and we will be growing in leaps and bounds in the first and second quarter. where are we going to do well? big industrial names, which is a big part of berkshire hathaway. they are buying back stock, have been for two quarters in a row. you will win on two fronts, upward in revenue and upward in buy-backs as they continue to buy more will be stimulative to the stock price. charles: great stuff. really really great stuff. hope people were taking notes. have a great thanksgiving. talk to you again real soon. >>> meanwhile, facebook is being exposed for reportedly changing its algorithm after the election to favor certain news outlets. lauren simonetti has the details. lauren: hey, charles. "new york times" is reporting that right after the election, facebook changed its algorithm to de

amazon. so basically, the retailers, the birth, depending heavily on amazon to retail customers. so what do you want, what would you like to see amazon do? if, if they were willing to do whatever you said in order to get rid of this entire trust suit, what would they have to do? well, 1st of all there would have to address them the specific on songs on, on a stress investigation takes time. and we will be able to assess, indeed they then of their, of the harm on their, on the effects of these, of these practices. so certainly if i was on to address these them, these concerns that we hope to discuss how to deal with the state, the practices. we do commissions in a way that they don't get on the competitive advantage by gaining these data on the way to enforce the use of peace or be the retailers. it's going to be 30 seconds. here is one of the get your thoughts about. we see the european union taking issue with google, for example, and now with amazon is the consumer in the european union, enjoying the, in your opinion, the best protection that it can get anywhere on the globe. us consumers in them. and you know, we are in a privilege

amazon, accusing amazon to use data to get an unfair advantage against other sellers. it make issue with their use of nonpublic business data to avoid the, quote, normal risks of competition. and to leverage its dominance. amazon faces a possible fine of up to 10% of the annual worldwide revenue that could amount to billions of dollars. the eu regulators said amazon has been notified and we have reached out to the company for comment. we'll keep you posted. back to you. >>> president-elect joe biden is in talks for his plans of daca recipients to help create a path to citizenship, after president trump campaigned against duka in 2016. -- against daka in 2016. many were in tears knowing they could be deported. president obama started daca or deferred act for childhood arrivals in 2012, giving so- called dreamers the ability to stay in the u.s. one dreamer almost dropped out of law school when trump was elected and now he's breathing a sigh of relief. >> i was holding my breath, you know, since tuesday. i could finally let it out. >> and then there is flora martinez, whose parents brought her from mexico when she was three. >> i am glad that this opportunity and hope back on the table that was taken from us. >>

time exchange there is a good amount of it just as a result of amazon's announcing amazon pharmacy, prescription medications delivered from amazonmbers can access savings on medications and amazon pharmacy when paying without insurance as well and they're talking at over 50,000 other participating pharmacies nationwide. big savings is what they're offering free delivery within two days as well let's go through some of the names. there you see them rite aid, walgreens, cvs, goodrx, all getting hammered on this move in but also the drug distributors, don't forget them. i don't know if we have cardinal health or mckesson interestingly, amerisource bergen is a -- is pill pack's distributor. but i don't -- i don't know if that necessarily extends to amazon pharmacy. remember, pill pack is going to still be operated as a -- a distinct service for customers who manage their multiple daily medications. >> you're right. look at how little they're down. >> yeah. that's not down as much. cardinal health, mckesson and we saw all the big drug -- i should say drug chains, cvs and wa walgreens. >> cvs bought aetna, now we know why, right how a

been in the online game for much longer than amazon, amazon still takes precedent over walmart or target. now those two retailers are starting to gain on amazonng to take away that market share. while walmart really dominates on the grocer side, that is where amazon fails. so walmart's trying to make sure that they maintain a strong hold on that consumer that is buying groceries but also wants to be that one-stop shop. so david, one of these days you may be going to walmart to not only buy your groceries but also to buy your flat-screen tvs. that is what they want. same thing with target. david: i think so, but eventually i think these ideas of one store fits all kind of wear thin as the product line becomes a little less sophisticated, particularly on the grocery side where they don't exactly know how to shop for fish or the right vegetables. actually that is why john mackey did so well with whole foods when he started it out because he realized that the big retailers were not doing such a good job from the customers point of view but there may be room for both, no? >> you may be surprised, david. you're my neighbor in the neighborhood. we g

amazon. edging higher. ofhave the news of cases continuing hospitalizations, more people staying at home. how much of this is an overhang for the big pharma news, about amazon making an even bigger play in prescription drugs? abigail: in terms of amazon on the day, at this point we are looking forward relative to that. it is widely acknowledged there will be a big disruption to the pharmacy space. it is not proven. until that time, it probably won't do much for amazon shares. amazon is in a range. you can make a case that the stock is technically bearish. not surprisingly, we have a reaction on the drugstore stoxx. cvs and walgreens are down. a bigts are saying it's concern for the long term, but in the near term, it is unlikely to be much of an effect. but you can see big declines in these spaces. emily: abigail doolittle, thank you so much for breaking it down. more on that now, one of the companies that stands to see some kind of an impact when amazon enters the pharmacy fray, good rx. how big will the impact be? i want to bring in the cofounder and ceo. there are some predictions it will be destructive to your industry. you are one of the incumbents. what is your answer to this? doug: amazon has had a mail order pharmacy for a co

amazon. >> the amazon rain forest, one of the world's most bio diverse and for tall regions. hundreds of indigenous groups live here in isolated villages, reachable only by boat but even here people have not been safe from covid-19. you know as the leader of the -- people, there are 15,000 indigenous people who live near the border with peru. in may t virus began to rip through his village. >> [speaking foreign language] >> we had to stay just outside the village is because of the risk of transmitting disease to the people inside. thmany oe who died were elders and their community. he was known as the human library for his knowledge of his people. he died, age 96. so have reached the age of 106, but after a two-week battle of covid, she passed away too. leaders say they were not given medicati to treat covid, so they had to rely on traditional plants. many are angry at what they see. >> [speakingoreign language] >> according to local organizations, more than one in eight indigenous people were infected in the region. and among those who caughthe disease, the mortality rate was 150% higher than the brazilian average. but some communities have been organizing their own defenses. this is another group that lines in village the brazil/peru erder. they h managed to keep coronavirus out of their homes by stric we who goes in and who goes out. >> [speaking foreign language] >> so far, the measures have worked we met leaders just outside the village who showed us how they order food, medicines, and office supply. e goods are brought from the city and unloaded by the river, minimizing the risk of transmison. in a country where thousands have died from covid-19, it' not hard to see why some of brazil's indigenous people are taking mattershanto their own s. laura: covid affecting the amazon, while the pentagon says it will sharply reduce the number o u.s. forces in afghanistan from 4500 to 2500 by january. the news is not sitting well with senior republicans who fear it will hurt peace talks with let's go now to my colleague. the president is trying to fulfill his campaign pledgme of endingca's wars, but what kind of pushback is he getting? >> he is getti pushed even from people within his party. so people surprised to see y tch mcconnell speaking out about is stronsterday and today saying precipitous withdrawalir fro or afghanistan would be a mistake, and comparing the possible consequences to barack obama's withdrawal in 2011 from iraq. that was surprising. hather been the sofretary genera nato warning that it could lead afghanistan to becom ace where international terrorists are able to form and carry out their plans. they are also warning that isis could rebuild their caliphate from their. -- from there. this is not the first time the president has made a big decisio

amazon. amazon is one of our income platform streams that runs collaterally with our bricks and mortar stores. and here recently the internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazonamong the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. amazon right now is getting more and more popular because it offers a convenience factor to people that other businesses can't really afford to. and especially during a pandemic, when people don't really want to go outside and they want to stay within like their bubble as much as possible. that makes booksellers all the more dependent on amazon alan stipe exits another lockdown, would put a store out of business. i think about it every day. ok, and i prepare for hoping that this vaccine is going to be successful there within the next 6 to rethink, we'll come back to normal. normality will probably include cooperating with amazon because there's no guarantee customers will return to a store. once the pandemic is over. a mouthful from me and the business being here in berlin for more check out our website. he tells me you don't call

amazon. >> we're headed there. it's going to be amazon. nothing else. >> we finished talking about walmart, and how there's not a weak point in their earnings, and a couple percent of gdp. >> can i still buy a book at amazonn. >> you don't have to yet, though, but you can. >> think about amazon, think about that think about, i mean, there's a picture of him here at the nasdaq, becky, remember that picture of him, and you know what he looks like now. >> ringing the bell. >> yeah, exactly ringing the bell he looks like robocop. >> terminator, the guy we used to put on with the funny laugh now he looks like adonis classic the way the world works. >> you were talking about 30 years ago, buffet should have bought that company. that company didn't exist 30 years ago. i'm one of the early subscribers to amazon and i think my account goes back to 1999, 21 years ago. >> amazing, young guy. you know, i'm such a fan of the whole thing and capitalism and everything else. i feel bad for the people disrupted, though, because business is disrupted. it's the way things work it's very painful. >> a lot of ingenuity taking place. the etna, cvs sergmerger makes sense. >>> covid-19 cases rising, steve. this number is, you kn

amazon. and amazon is one of our income platform streams that runs co, hourly with our perks and mortar stores. until recently, the internet was seen as one of the biggest threat to these small businesses. but the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. that makes booksellers like allen stripe, all the more to pendent on amazon, back it continue even after a lockdown, since there's no guarantee that customers will come back to stores. now that 2nd lockdown in germany, we told you about means bars, restaurants, and of entertainment. venues must stay closed until the end of december. the restaurant owner in frankfurt expressed his displeasure at those by filling us tables with 100 stuffed toy and us they were served with a freshly prepared food and drinks like, of course, corona beer. if you want to bring some life back to his location, you know, that's a show. thanks for watching. the fight against the corona virus pandemic has the rate of infection been developing. what does the latest research say? information and contacts? virus update on t w. n. u, i mean yes, yes, we can hea

amazon like a lot of institutions got tired of waking up to the headlines. amazon contends that trump actually cost amazon10 billion defense department jedi contract. i think amazon will be pleased with a more predictable administration in the white house next year, but it is hard to say with that antitrust question mark. day inbloomberg's matt seattle who covers amazon, thank you so much for bringing this story. business, how does a review site stay afloat when the world is on lockdown? we are going to hear from yelp's throughow he has led pandemic terror, but finally sees a light at the end of the tunnel. that is next. this is bloomberg. ♪ when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. that's simple, easy, awesome. visit your loc

on amazon for more and more of their day-to-day needs, if we see customers go to them for drugs, if amazon moves and if they are able to deliver. just the hassle of changing. it is easy to go on amazon start buying general products. but, to switch your prescription from a traditional pharmacy to amazon, you have to call your doctor, amazon has to contact your insurance company. there is some friction. that will be the hold up. 90ly: we will be watching million prime members all getting prescriptions on amazon. sounds like quite a challenge. filed to, airbnb has go public on the nasdaq. we will look at the company's journey to the market next. this is bloomberg. ♪ has filed for its ipo even as it outlines widening dropping revenue amidst a pandemic. but, when the economy does recover, the airbnb listing is set to be one of the biggest of the year. we are joined by kathleen smith, the cofounder of renaissance capital. we have all been wondering what airbnb's numbers look like. now we have a glimpse into their financials and how hard he hit they took during the pandemic. what are your takeaways now that you have seen the numbers? >> this company has been able to and produce year positi

amazon, the marketplace loves anonymous relationships. and amazon in a recurring bundle, a subscription businesses. more people have amazon. we get worried when a cable company has 20% or 25 market share. we're uncomfortable with any utility having more 50% of a market share. this is a company that has 82% of households. amazon prime that get 24-hour delivery. this is probably the stronging recurring relationship between a company and consumers than anywhere in the world. microsoft office comes close in the corporate world but nothing matches amazon. this company was literally invented for the pandemic. e-commerce, and amazon has invested more in their fullment to get the stuff at home in the last years than wall mart in the last 20 years. this was literally invented for a pandemic. >> okay. on that score. now headed into the health carell mancare realm, what will that mean? >> there's a silver lining here. 90% of the people contracting antibodies for the novel coronavirus have never set foot in a doctor's office or a hospital. we have $3 trillion disburperse. the key word is "dispersion." we'll have 90% deliver to the hosp

we did see two people from amazon and amazon web services, but in general there was a lot of tech representationi call them less controversial companies, the dropboxes, smaller companies that have not been as much in the and try trust glare -- in the antitrust glare in washington. we are seeing more momentum, especially after the congressional report came out where the accused tech of monopolistic behavior. that gives the democrats a mandate to push forward with aggressive antitrust action. host: how important was social media during this campaign, and what changes do you think we will see going forward? cat: it was critical just given the fact that a lot of traditional forms of campaigning couldn't happen during the pandemic, particularly on the democratic side. we saw biden not hold rallies, not engaged during the -- engage inthe campaign season doorknocking. that forced campaigns to invest heavily in social media. given that dynamic, we have seen this election play out on social media that is much more extreme and apparent than 2016. kyle: very much so. in 2016, there were still at a stage wh

amazon. and amazon is one of our income platform streams that runs co, hourly with our perks and mortar stores. and they're reasonably be internet was seen as one of the biggest threat to these small businesses that the pandemic is now a much greater evil. small bookstores are among the biggest losers due to the lock down. and internet giants like amazon among the biggest winners. last quarter, the internet retail giant posted a profit of more than $6000000000.00, the largest in the company's 26 year history. that makes booksellers like allen stripe, all the more to pendent on amazon, back it continue even after a lockdown, since there's no guarantee that customers will come back to stores. or pro-democracy demonstrators in thailand have been out in force again in recent days . they're calling for political reforms, but they're also demanding changes to the monarchy to make it more accountable. many complain the excessively lavish lifestyle of king by have a year long corn. but the king is also causing disquiet here in germany. that's because he spends most of his time in a hotel in bavaria. some politicians say he may be breaking the law by conducting state affairs of another country. for months, pro-democracy protesters in thailand have been trying to send a message to the king. reform our country and your monarchy. but the man they

amazon to stop avoiding taxes. actions took place in south america, the u.s., the u.k., here in france, to. the biggest in germany where about 3000 amazon workers walked off the job at six facilities. amazonor its part, says it is aiming for net zero emissions by 2040, says it pays billions in taxes, and also haseen offering holiday bonuses to front-line workers in a bid to head off this strike movement. a germ union says amazon is not protecting health measures in the country. it says amazon is refusing to recognize regional collective labor agreements. recent reports in the u.s. have suggested the company is keeping very close tabs on workers in order to head off any union organizing, so that's also troubling. the make amazon pay campaign says they are targeting azon in part because they have done so well during this pandemic. amazon profits are due 3% up over last year, while workers have seen just a 6% from in hourly pay since march. amazon's chief, jeff azores' net worth now over $100 billion. it's very troubling for workers trying to make some change there at amazon. >> thank you so much for the update. i'm going to take a quick break, but stay with us. i will be back in just a coup

from google, from facebook, from apple on that list and we did see i believe to people from amazon and amazon web services. in general there was a lot of tech representation but typically for more i would call them less controversial companies, the drop boxes, smaller companies that haven't been as much at the trust claire in washington. certainly we're seeing a lot of momentum -- antitrust glare -- recently when they accuse tech of these monopolistic behavior and so that gives the democrats a mandate to push forward with aggressive antitst action aimed at the industry. >> hos how important was social media during this campaign, and what changes do you think we'll see going forward? >> guest: i think it was critical just given the fact a lot of the traditional forms of campaigning can happen during the pandemic, particularly on the democratic side. we saw biden not hold rallies, not engaged during the entire campaign season, doorknocking and that traditional canvassing. that really force a lot of campaigns to invest more heavily in social media and just given that dynamic we've seen the elect

amazon what would it mean for amazon? we are at the start of a long probe for amazon can seek to defend its practices but ultimately this couldup to 10% of turnover but more fundamentally, orders to modify its business practices and change its behaviour. and this comes hot on the heels of so much scrutiny and conversation especially in the united states amongst legislators there but the size and scales of these companies. amazon, apple, google, facebook. seen as monopolies, really. what are your thoughts on what is ahead? traditionally, competition law does not attack market power as such so being strong and powerful, it is only the abuse of market power that is unlawful but some of the proposals that have been put forward go right to the heart of market power and question whether there is a case to break up some of these large organisations to think that could be in the future? well, it has certainly been proposed. whether this is seen asa proposed. whether this is seen as a last resort, which is really the suggestion of whether that is imminent is the big question. it certainly is. we might ask you it again in the future. t

amazon . that escalates an investigation into how the company handles data from rival sellers on its massive online platform. the eu commissioner says amazon rules should not favorites own retail office or those of retailers using amazony services. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. guy: thank you very much. the european union is imposing tariffs on $4 billion worth of u.s. goods. an escalation of the fighttlantic flight -- given this is over illegal aid to boeing and airbus. we spoke to the trade commissioner who said the tariffs have nothing to do with joe biden's victory. >> the decision related to tariffs in boeing's case is not with u.s. elections. it is linked to the fact that the wto has given us the award -- ourillion and internal procedures. to talk about this, shanker singham. this is a trait law and economic policy consultancy. what happenedut in the last 24 hours. there was this view that may be the eu would delay this decision until joe biden was in the white house because there is an expectation the first thing joe biden will do is get rid of all the tariffs, thou

amazon. annmarie: clearly some competition. i want to know, this pressure mounting on amazon, will it change pressure -- work practices in europe? >> it could. so far, and to be fair to amazoney comply with all the european regulation. the french side of the company has been in damage control for two weeks. the french director general giving the pushback, saint there are a lot of misconceptions about the amount of money the company makes. misconceptions about some of the taxes it may pay in europe. they do repeat they comply with all the regulation in europe. also, there has been no changes in the way it operates in europe for a few years. we have seen revenue jumps. they are making more money than they were before. it feeds into a narrative that tech companies in europe benefit from a huge market, but they do not pay for play by the european playbook paris that is something that comes repeatedly out of brussels. european institutions have to tweak how they operate in europe if they want to meet the regulation and the institutions. annmarie: you brought up the fact this is a huge u.s. tech giant. how does this fit into the wider debate we hear about taxing u.s. not just ama