greece's multi-billion bailout program is in sight the country's got plenty of work to do and amazing amazon the company doubles its first quarter profits. also coming up breathing the best hand is the key to finding success in ethiopia. i'm daniel winter and this is your business update germany is a major export nation and that's why trade issues were high on the agenda on friday when anglo muckle met donald trump especially u.s. import tariffs they'd have a huge implication on a variety of industry sectors including the car industry here's what's at stake for the german economy and what is seventy german companies a sold goods to the u.s. worth almost one hundred twelve billion euros mainly cars machinery and pharmaceutical products in the opposite direction the u.s. has sold goods what about sixty one billion euros to germany mainly computer technology pharmaceutical products and vehicles now that created a trade deficit of around fifty billion euros a bone of contention between merkel that trump the lack of parity and trade will likely remain in the foreseeable future so how are investor

amazing amazon soaring sales, rising prices, growth in new markets. the stock soaring to all-time highs and a ton of upgrades today. is it an unstoppable juggernaut that you can't afford to live without. >> history in the making, north and south korea planning to end their of 5-year-old war and work toward complete denuclearization of the region. what this means for u.s. policy. >> and president trump set to hold a news conference this hour with germany's angela merckal. trade front and center we will carry it live. "power lunch" starts

. >> it's not amazon's fault, they got an amazing deal, but guess what. amazon, and by the way not for nothing, but the post office losses have been declining ever since they entered the deal with amazon. i am sure amazon's negotiators are better than the one the post office. i get that. if you're telling me this is an unprofitable deal, the post office denies that. they specifically said they make money from our deal with amazon. >> theoretically if they make a dollar there making money. >> but they're not profitable, i think the ideas could've been a better deal. are they subsidizing amazon to the point were now they have enough money that can actually go after fedex and ups. at some point they won't need the post office. >> why would they be subsidizing it. >> because of the lousy deal. a cost x amount of money to move packages. >> they are running deficits not because of amazon. it's running deficits because of factors. >> the main problem with the post office. >> i'm not talking about the main problem. all i'm saying is that they could have a much bet

mike, circling back to the trading patterns, the most significant thing is these amazing amazon resultse possibility yesterday that this was a good cast whether the market would embrace great numbers in the first of the year or going to view it as just simply validation of what we already knew i think that w latter the nasdaq 100 up more than 40% for 2017 through january that is kind of what they paid for with this result >> right >> amazon was up it had traction. it did close 4% off the high of the day. i think in the likes of intel and microsoft, than are not willing to extrapolate this out forever saying we came in, and at least relatively -- i stepped back to say, the market's flat this earnings season, about flat this week, and it's about flat year to date it's trying to hold above the lows and absorb higher rates and other things as earns come through. >> i feel like we need to catch up it's been -- >> i missed you. >> we've been here together, we've had earnings come our way. we still had the 10-year go over 3% >> a lot happened. i will point out a few weeks ago, we had a number

. >> where is the actual tackle on amaz amazon, because he couldn't take out the 200 day because he walkedway from it. >> does reference them as being amazon's lobbiest. >> didn't mention the delivery boy comment about the post office >> true. >> this does not directly attack amazon i think that's because the 200 day helped. >> the what? >> 200 day. >> the president follows everything if you're going to break amazon, you have to take out the 200 day. >> somebody shorting the stock >> that's not your prediction that he's moving on? >> no, he's got to have more fun. he obviously -- what happened? did he get someone else's delivery at one point? >> i don't know what happened. i'm pretty confident it has a lot to do with that newspaper. >> with bezos and not a false delivery from prime? you don't think so i've been thinking it has to be bad prime. >> just to be clear, you're describing it as fun in jest because -- you might feel differently. >> we've been buying this right down, right into this. it's not like moby dick, it's more like captain quig. >> versus the cane mutiny. >> right. >> i'm n

amazon itself. that's an amazing ability of amazon to maneuver itself there.the future, they were, and probably still are, in some cases, very expensive. matt: peter toogood, ceo of embark group, still with us. citi group results came out friday. joining us for analysis, tim craig head director of research at bloomberg intelligence.t got earnings numbers from the big banks friday. what was the key take away from that and what are the implications for the banks, for the boards going forward? tim: it is quite simple. equities are gaining. that's how it has been during the first quarter. the equities business on the year on year basis for these two 25%up somewhere between to 45%. equities were up 55% to 65% quarter on quarter. this has applications that are good for morgan stanley, goldman sachs, ubs, credit suisse. not so much for deutsche bank, which you know, continues to be accord, andits own broadly speaking it is more fixed income oriented. that's where one of the weak points were during the first quarter. guy: i put together a grr, which 600 correlated dat

ramy: we get it, amazon is amazing, but i look at our bloomberg news article, and one thing we point on has been losing money on its international expansion. australia, middle east, care to comment on that? pd: that is an interesting point because the weight retail works in international locations is different than how it works in the u.s.. when you applied for success in the u.s. markets and take that internationally. for example in the middle east, we are working in developing technologies and countries like vietnam and china. over that the scenarios are completely different a gift of -- over their the scenarios are completely different and you have to focus on retail in different markets. singh, chief technology officer coming from us from seattle. thank you very much. bloomberg users can interact with the charts shown using gtv . browse recent charts on the brick tv and catch up with key analysis and save charts for future reference. this is bloomberg. ♪ ♪ ramy: delicious prime minister says china's growth to superpower status should not put it at odds with the u.s., even thou

amazing amazon soaring sales, rising prices, growth in new markets. the stock soaring to all-time highs and a ton of upgrades today. is it an unstoppable juggernaut that you can't afford to live without. >> history in the making, north and south korea planning to end their of 5-year-old war and work toward complete denuclearization of the region. what this means for u.s. policy. >> and president trump set to hold a news conference this hour with germany's angela merckal. trade front and center we will carry it live. "power lunch" starts right now ♪ change your mind on the first train line ♪ honey i'm still free take a chance on me. >> welcome to "power lunch" i'm michelle caruso-cabrera. stocks are under pressure this hour nasdaq surged more than 1% earlier fueled by strong earnings with am, microsoft and others as well all that faded now dow remains on pace for its first weekly loss in three it's the ipo of the day. dock oou sign. it soared 30% on its debut other big movers sony is soaring on record profits. starbucks is down, reporting smaller profi

trades for 90 days, plus get up to an $800 cash bonus when you open and fund a new account. ♪ the amazing amazonow 100 million prime members 100 million worldwide each pay 99 bucks year. think about this. amazon is under attack. but those 100 million people form a very powerful lobbying group. do they want the company reigned in or broken up? oh, probably not. that 100 million number is clearly helping amazon stock you know we're not heard it before. that stock is going to straight up premarket i believe we're up about

amazing earnings from amazon we saw the f.a.n.g.s putting in a strong earnings season so farfar talking about amazon, do you think the major concern will be one of regulatory backlash at some point in the future >> as you said, very strong earnings report cast from amazon the risk is regulatory problems, but at the moment there's no move from the trump administration on it he has tweeted about amazon and its effect on the u.s. postal service, also around how much tax that company pays. there doesn't seem to be a sense of worry in the market at the moment there's more worry on the regulatory front when you look at other names like facebook or alphabet and the google segment of alphabet. those seem to have mosh concere concerns the other thing to watch is spending the expenses rose 41% in this quarter year-on-year a lot of that is driven towards content and technology, but also fulfillment which is a key part of the amazon business allowing them to get parcels to peoples houses >> it's interesting it's taken them so long to increase the subscription service amount. amazon prime had the fi

. ♪ the amazing amazon the most exciting company in the whole world.es it is good morning everyone. there are now 100 million prime members 100 million worldwide each pay 99 bucks year. think about this. amazon is under attack. but those 100 million people form a very powerful lobbying group. do they want the company reigned in or broken up? oh, probably not. that 100 million number is clearly helping amazon stock you know we're not heard it before. that stock is going to straight up premarket i believe we're up about 28, 30 dollars per share on amazon. that is premarket. okay, that's the close yesterday. right there we don't have premarket. okay the story for all stocks continues to be stellar profits. so far companies are are making roughly 20% more than they made in the same periods last year. that's very strong. profits are the bed rock for stock prices the main reason for the market recent surge although the market will open down about 100 points on the dow today. a lot of that extra profit cool from tax cuts. your money look at okay this morning.

amazon. where is that growth coming from?m was really amazing quarter and the growth is coming from many areas. amazon is doing well across the board. amazon web services is definitely a key component that contributed to this great profitability. lots of other areas to two. —— too. in terms of international expansion and amazon prime membership. they have by justifying —— been diversifying, where do you think it is coming from and what can they do in the future to get people to sign up to it? based on the fact that the web services is so profitable, there is a lot of area for them to grow into new, international retail. as well as the fact that they are looking into healthcare, video content and new innovation in their devices, such as the new acquisition of ring. it is looking to diversify into that area, home security and that is must. you think it is going to be able to carry on growing at the pace it has been because this is an incredible pace of growth, isn't it? you think it can carry on doing that in the same way it is doing now? —— do yo

amazing. sales, 2800in stores.330,000 they would gain thought in suppliers which will compete against amazon and you cost in check at a time when mainstream growth is facing growing threat from discounters like aldi. what a move in sainsbury shares today. agreeingand the u.s., to acquire spain, $20.65 billion in stock. why we care is because deutsche telekom is a majority holder and t-mobile. deutsche and softbank have been in talks for a long time about this deal. deutsche telekom will end up with a 42% ownership in softbank and the combined entity. softbank will have 27% but there are doubts whether this deal will get to the regulators and , uris vegas hotel operator agreed to pay $560

this is about amazon and the others that was an amazing quarter. if you look at amazon and microsoft and intel, this was just all about cloud there's been some questions earlier in the cycle about how strong the cloud was we saw from oracle, some questions on how their software as a service business would scale. it's clear you have to segment out the different players again. there was thought that the second and third tier players were coming on strong in a different way, now you're seeing first tier players, amazon and microsoft just continuing to hit on all cylinders cloud was up 49% for amazon. azure was up 89% for microsoft, office 365 up 45%. the cloud segment grew 45% for amazon and microsoft, for intel that was the single largest individual segment that's significant >> it sort of feels like a tale of three companies jon is highlighting the cloud business, aws, which continues to be a profit machine there was this $2 billion advertising business that grew 73%. seemed to ab blowout and then prime, of course. those price hikes on prime talk us

>> i think that amazon is not just a triple threat, they're a quadruple threat. listen, jeff bezos is an amazing operator. if you think about what they're doing in e-commerce. when you look five or 10 years into the future, if you think about what those trends will continue be in terms of growth, cloud, ai, voice. amazon is a leader in all of those. so i think if you think about the "fang" stocks, what are the, what is the one company who is still going to be dominating five or 10 years down the road? i think it has to be amazon. melissa: that's true. they moved into every space and just dominated. carol, john, thank you. david? david: president trump holding a joints news conference with german chancellor angela merkel. blake burman, is the golden boy. let's go to the white house. congratulations. what did he tell you. >> i don't know if i'm the golden boy but i asked

i gave up on amazon on an amazing run. i felt like a pig. but then i felt like a fool when it kept on galloping, and it bugged me. that is the price you pay for following the rules. for every huge pile of cash that gets left on the table, you side step gigantic losses experience is the term two generations against stock maybe forever. never forget bulls make money, bears make money and pigs get slaughtered. and i will keep on repeating it forever with the sound effects because it is just that important. rule number 2, it is okay to pay taxes. look, no one has ever liked paying taxes but like death, taxes are inevitable and unavoidable. the aversion to paying taxes on stock market winnings border on the pathological wall street is littered with broken hearts of investors who made this kind of mistake. a couple of years ago i went to a presentation who recommended buying the stock of macy's it was ripe for some profit taking but i know people who had owned it for years with hefty profits and they didn't want to ring the register they would hav

jeff bezos and amazon have done an amazing job of conditioning the market is. -- marketplace. you can demonstrate to that the market for your business is big enough to warrant big-time investment, they will support it. that is what amazon has done. is really drive every amount of earnings they have back into their business, and other topanies have started to see conditioned themselves in going after a big opportunity. it generally gives them a pass on these things. we have seen it from alphabet, we are starting to see it from facebook. they had another big quarter of expense growth and that was generally supported by strong revenue growth. these companies generally provide high returns to investors. >> facebook has recovered about two thirds of what they lost the cambridge analytica scandal. abigail, what are we watching over the next weeks and months? today, the realization that they are expected to disclose more scandals as we continue their internal investigation. i think what would turn sentiment towards the more happened because what in march was a big hit to investor sent

jeff bezos and amazon have done an amazing job conditioning the marketplace that if you can demonstrateo me the long-term growth targeted addressable market for your business is big enough to warrant big-time investment, the market will support it, and that is what amazon has done over the years -- to really drop every amount of earnings they had back into their business. other companies have started to see if they can really condition the street that they are going after a significantly big business opportunity, and that the returns on this investment will be there, that the street generally gives them a pass. we had seen it from alphabet. we are starting to see it from facebook. facebook had another big quarter of expense growth, and that was generally supported by strong revenue growth. these companies generally divide high returns to investors. emily: facebook has recovered about two thirds of what they have lost so far since the cambridge analytica scandal broke. abigail, what are we watching over the next weeks and months? , you know,ust today this realization that they are expect

though, there's no mistake bit it was led by f.a.n.g., facebook, amazon, netflix and google now, alphabet. facebook gave you such an amazing quarter. moving this $500 billion stock up 9% and giving the rest of tech a beautiful halo and once tech gets rolling, big wheels, this strength creates its own rising tide. lifts all ships in the sector. something more likely than not when the "a" in f.a.n.g., amazon reported an astounding quarter this very evening. sending the stock up an incredible $100 in after-hours trading. amazon is $1,515 stock, at least that's what it closed or where it was before it reported its number i'm breathless so maybe $100 on top of that isn't as spectacular as it sounds still, though, it's a $730 billion market cap so, it's a pretty big deal remember, i said it will probably be the first stock to go to a trillion dollars and i'm telling you, it's going to get there of course, interest rates were benign going down ever so slightly to a tick below 3%. i'm sure these bond aficionados will be crowing that ten-we're is in charge and that's why we rallied. they see it being about the bond market that is h

personalized >> amazon has the best website in the world >> when are we going to get off the amazon web train they're amazingy are. >> no matter what walmart does online or omni channel, i'll make you put a dollar in a jar every time you say that -- >> i'm a big fan of terry lundgren >> is it too late because there's 70 million prime members already, and why would i shop at walmart.com no matter how good they are when i'm just locked into that amazon ecosystem >> no. >> it's brainless at this point. >> it's not too late walmart is growing twice as fast online as amazon right now >> a much smaller base >> but four times as big as amazon is in total they have enough capacity to do anything they want to do they don't have to answer to shareholders it's not like somebody will come after them if they're spending too much money online or buying something like jet.com for $3 billion. they need to play in this arena. they have the ability to >> we need to remember that not everyone in the world has an amazon prime membership, and there are many people who shop at walmart that may not have a prime membership but may

amazon. >>> president trump's war on amaze anden and the "washington post" shows no sign of slowing down sooname and why is he attacking one of america's most successful companies? let's discuss this with someone who lived through the twitter tie raiding. joe lockhart, the former chief communications officer for the nfl well. cnn political comment traitor margaret hoover a former staffer foregeorge w. bush. she has been here before. you're a new by joe. >> president trump attacked amazon by name 15 time limits since taking office and at it again this morning accusing the "washington post" of being the chief lobbyist. he said the fake news "washington post", the chief lobbyist are the amazon have phoney headlines, trump defiant as china adds trade penalties. should read trump admit as u.s. ads indiana typically bad reporting. what do you think ultimately is behind the attacks on amazon, the arctic pz coverage in jealous of bezos welt or something else. >> you know i think it's a combination. the obvious thing and the thing that gets under his skin most often is the "washington post" coverage.

people at amazon with investor, amazon or google my answer is yes they're both amazing businesses. if you look at strategic advantage, if you look at any place they overlap against each other, amazon media group and media, we always think of facebook and amazon about a 4 or 5 billion business if med why. it's growing faster than facebook, so show me where amazon is bumping up against anyone else in big tech and where they aren't win something. >> smartphones >> not too well. i mean, listen, alphabet is coming from a high class area. it's a high class problem to have the margins they do and spend and take out the 4.2 billion on that chelsea building still, five, 6 billion a quarter. you don't seem to believe, though, they will be successful which is what you mean to be implying >> i think the stock is north of here it's an amazing franchise. but if you look at how they're responding few look at the headline news and the reason the stock is down today, is because the capex tripled. the reason is a competitive response with a company to zero cost to amazon here's the problem if you can

amazon is amazing. we're huge fans of what jeff has done. we're big amazon customers.or is a better experience. amazon's a great marketplace. but when you go into our stores and you meet our customers and you get to touch and feel the product and you see the packaging we provide and all of the other cool lifestyle stuff that we do, we believe that there's a place for amazon and brands. >> maria: the packaging is a big deal. how do you grow it from here? you've got these ties that you brought in to show off. but i see we have a whole rack of dresses and -- what's the next step in terms of growth? >> i think one of the things we're really having a lot of fun with is joining our customers, the community that follow vineyard vines with other passions in their life. we just announced that we're going to be the official style of the boston red sox and fenway park. we're also the official style of the kentucky derby, the america's cup, we launched a partnership. >> maria: fantastic, getting into sports. i love it. >> we do kind of fun things. >> maria: really great. ian, shep

and someone handed trump some bubble wrap from an amazon box and he forgot all about it. [ laughter and applause ] "oh, my god. oh, my god, this is amazingu hear it pop?" [ laughter ] but after trump attacked amazon on twitter, their stock fell by 5%. [ audience ohs ] it's all part of trump's plan to get amazon stock to match his approval rating. [ audience oohs ] [ laughter and applause ] i guess trump is claiming that amazon cost the u.s. postal service, too much money. trump loves the post office, except every time he licks a a stamp, he makes them sign a a nondisclosure agreement. so, you have to understand. [ laughter and applause ] >> steve: hey-oh! hey! >> jimmy: you gotta be -- better to be safe than sorry. >> steve: hey! >> jimmy: "make it go away! [ light laughter ] just make it go away." i saw that later this month, trump will host japan's prime minister, shinzo abe at mar-a-lago. if you don't remember, abe is the guy who did this after shaking hands with trump. watch this. watch his face, yeah, he shook his hand, yeah. yeah. oh, boy. [ laughter and applause ] oh, ba-ba-ba-boy. all right, yeah. right, we got this over with? >>

so amazon is getting an amazing deal. put into this whole thing a sort of stipulation where the post office can't be competitive. they can't compete against fed yex or ups and limits what they can do. amazon is piggybacking off that. they'll go out there and create their own fedex and ups after years of piggybacking off the u.s. postal service under the subsidy. >> the u.s. postal service is making money. >> no one knows. they don't break out their earnings. packaging is up but the bottom line is a secret deal. no one is given the details on the deal. many think they're losing money. >> heather: find out what the secret is. >> i'm trying. >> bill: charles in charge. that man knows. thank you. president trump telling republicans go nuclear if necessary and pass tougher immigration laws. will it happen and when? we'll find out. check this out. >> for the win, scores! they win the national championship >> the hail mary right there, huh? take that back to touchdown jesus. an amazing last-minute game-winning shot. unless my ha

gary, one-stop shopping from amazon from your home it is impossible to beat, right? >> it is an amazing company. when anyone asks me, what stock do you buy, i said what stock do you use every single day, or seems like every single day? it's amazon. as you well know they're going into grocery. they will be in banking. they are, you may be exaggeration taking over the world. david: unless, kevin, unless, the government gets involved. there are republicans like donald trump and there are a lot of democrats, more democrats i think than republicans who whenever they see a company succeed the way amazon is succeeding says there has to be something wrong. you can't succeed that well, get that much of the market without being a monopolist. i do fear the government will try to come in and crack this company? >> i think it is important to note back in the '90s and 2000s, same argument was said about walmart. they were too much of a gdp. e-commerce is only 10% of retail sales. they have a long way to go. what this 100 million-dollar number is signifying which they never disclosed before, they will

don't even say any more about it number one in buy og graves in company profiles on amazon right now. >> that's amazingby. >> the whole thing's been great, great experience. >> congratulations and we look forward to celebrating scott wapner joining us, talking about his new book this is the best interview of the show. >> it was fun for me. >>> there's much more "closing bell" ahead. it's back to the sohn conference. e so, john fefr reveal what has thhedge fund world betting on, yes, crypto? stay tuned. es etfs are built ad the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. that means it's time to tap back into your regular life. oh wow. your majesty, this isn't what we had in mind. well, it's probably better. perhaps it's time for you to go. if you upgrade, i could stay

amazing. we just see these industries that we never thought could get amazon and then they do and we keep trying to pick the bottom this company bought back a huge amount of stock and i like it. i have shied away from when amazon is firing because the force, the shields don't protect anybody who is in the direct line of fire still a lot of confusion in the market but we have a robust economy and a strong consumer. i am cautious. but the positives, i like them more than the negatives. "mad money" off to the races when it comes to the first trillion company on earth. close race but which company could be the first to cross the finish line and it might surprise you then we open the new front in the trade war you might not even know about it other companies taking a hit and with the ceo of nucor to see how steel tariffs are helping the economy. so, stick with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question, tweet cramer, #madtweets, send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss sometnghi, head to madmoney.cnbc.com. once th

amazon combined. the woman in charge of licensing says the tech firms find it easy to some of support for their cause. there is an amazing passenger loyalty to the product and the ability through social media to get that passenger days to become your voice. george says the erosion of professional drivers' livelihood 01’ of professional drivers' livelihood or tragedy to their family. but he says his brothers death was a warning sign of a crisis that extends far beyond the streets of new york city. today is the deadline for british businesses to give a breakdown of the gender pay gap between men and women. there are lots of different measures of pay inequality, but on an hourly basis, the latest figures show that men are paid 18.4% more than women here in the uk. the world economic forum says that pay inequality is a global issue and that the gap has increased every year since the turn of the decade. but this varies massively across different companies and industries. for example, the consumer goods giant unilever pays women 9% more than men. this reflects the fact that the lower paid manufacturing jobs are dominated by me

phil, president trump going after amazon, daca, threatening to end nafta. you have an amazing piece out. you're saying this is because his stabilizers are lost. we're talking hope hicks, gary cohn, maybe even rob porter who kept a lot of misinformation away from the president's desk for a while, so talk about that. >> yes, that's exactly right, stef, you see a president sort of unchanged and free to act on his impulses, to say what he wants to say, to try to move the needle. he did it over the weekend on amazon, on nafta, and these trade issues. what we found inside the white house is he's increasingly taking his own counsel. the people who were stabilizing forces around him, who spent multiple hours a day with him, trying to sort of cool him down, are gone. hope hick, the communication director. h.r. mcmaster, the national security adviser, they're gone. many of the people left in the white house are sort of telling the president what he wants to hear. they're saying, sir, you have amazing instincts, you know, let's follow them. and helping enable and really enact what the pr

amazing. the prime membership revealed to be better than expected. let's face it, amazon prime is the best deal on the planet. the gateway drug to massive internet spending. if you don't have the stock in the portfolio now, you got one more chance and this thing is going to 2,000, and we own it and have for a long time. david: maybe a drawback, microsoft is coming out, of course, they are head-to-head in competition for the cloud money they're both getting. amazon has gone through the roof until microsoft realize we can do that, coming in with their own figures momentarily. that may draw down the value of what's happening after-hours with the amazon stock. they're doing extraordinarily well in all their numbers but the competition for microsoft coming up in just a couple of moments, might bring them down a little. melissa? melissa: let's have hitha react. what do you think? >> being a retail analyst i look at amazon on the retail side and how much they're doing month over month and quarter over quarter. melissa: what do you see there? >> with this, we keep talking about t

amazing to me. hours.ction in after it seems like when amazon spends money nobody cares. they are entrenching their primacy. right now the narrative was google is spending to play catch-up and that's not a good thing. the best kind of snap reaction i had from deutsche bank cutting their price target on this news basically said we think it's seeer for investors to gravity hit margins rather than operating leverage kind of pickup and that expands. i think there is fear that this thex will not generate necessary leverage to boost returns going forward so people don't have the same faith in them that they do jeff bezos. alix: offering margins could end up falling 22%. -- operating margins could end up falling 22%. thank you both very much. coming up, u.s. treasury investors hit pause on the selloff in u.s. bonds. we will take a closer look at how 3% yields couldn't -- could the investing landscape. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak. lily posted first-quarter earnings that beat estimates. guidance was more than 2% higher than the average analyst estimate. eu

amazing. sales, 2800in stores.330,000 they would gain thought in suppliers which will compete against amazon and you cost in check at a time when mainstream growth is facing growing threat from discounters like aldi. what a move in sainsbury shares today. agreeingand the u.s., to acquire spain, $20.65 billion in stock. why we care is because deutsche telekom is a majority holder and t-mobile. deutsche and softbank have been in talks for a long time about this deal. deutsche telekom will end up with a 42% ownership in softbank and the combined entity. softbank will have 27% but there are doubts whether this deal will get to the regulators and , uris vegas hotel operator agreed to pay $560 million -- 560 million swiss francs to acquire hotels and resorts for shareholders including a kingdom holding. by 1.9%. 90 minutes into the session in the u.s., abigail, how is it looking? abigail: the s&p 500 and the dow and the nasdaq all solidly higher. off the highs after with the declines last week in the first time we have seen that in three weeks. the bowl is bouncing back today. take a look at the dow t

flight and brings billionaire amazon founder jeff bezos a step closing to making space tourism a reality. jeff bezos doing that, and elon musk doing his thing, too. amazingboard. >> it looks weird, different. something from the moves itz. >> fascinatesing to see what they can do. these cute guys, leopard cubs at greenville zoo in south carolina, they celebrated their birthday with frozen cakes in a party that doubled as a going away. as part of the species survival program, the cubs will be transferred to separate zoos in memphis and new york where staffers hope they can continue to breed. and where leopards are the world's big skpeft most endangered capable of jumping up to 10 feet high. big happy birthday and sending off to these guys. >>> we thank you for being with us. i'm frances rivera. your news contins right here.uek with you. so let )s get ready. ad lib live picture-- san francisco >>> it is monday morning, taking a live look outside, san francisco this weekend -- this morning -- i guess i'm still thinking about the weekend. >> i was hoping you had a great weekend. let's get through the workweek. good morning, i'm laura garcia. >> i'm marcus was

has really pushed at amazon to show them they can make money and i don't hear any of that in gene right now. he's going a-plus on them sorry, guy. >> what do you mean guy? >> i'm amazedextraordinarily powerful machine it is. i would like to see the competitors as well will be seeing more from that. >> i guess the question is does wall street still believe in how amazon spends the money. it's assumed they're going to spend it somehow. >> as long as they don't care and when they're growing sales the way they do. this is a company that maybe at best will have $200 billion in retail sales this year, we have a $5.5 trillion retail market in the u.s., less than 10% of that is e-commerce. as long as they don't care about increased profitability then they care about the top line and the story's going to continue to work. >>> coming up, a huge beat on earnings. the stock soaring to its highest level on 2000. after-hours we'll bring you the very latest from that company's conference call. we're live at the nasdaq markets. muchor me "fast money" still ahead. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the ti

amazing results coming out in the earnings. let's see how it all plays out. amazonst to that sector. spectrumher end of the , slumping on its forecast. rising for a second month in march well retail sales fell, confirming the economy had hit a soft patch. it is unlikely that corona will will talk -- kuroda about in exit strategy. exit strategy. there is a lot of talk about the korean peninsula. 1.3% earlier in the session. aspmakers leading the gain intel is added to the optimistic and sk hynix.sung i want to highlight what is going on with jakarta as well as stocks in indonesia are snapping a decline. wondering if equities are cheap enough to buy after the worst drought since 2013. bonsai rallying as treasury yields fall. the indonesian bond rout continues. bank of indonesia saying it will not hesitate to hike rates to sure up markets. prices rising as paul mentioned earlier. control inretain hong kong. is halting a five day drop. rishaad: thank you, safety -- sophie. let's have a look at malaysia now. after failing to meet an earlier goal set for 2020, this was hi

as a result the amazon web service are by far the most evolved and most functionally rich pointed out that had remarkable sell -- hence these amazingbers. the surprising thing is the way microsoft and intel come back. two tech titans that uniquely missed out on the cell phone cycle. what matters here is that win tell has not missed the data revolution intel chose to fight into the autonomous of course amazon doesn't need to make a comeback at all they have always been in great shape i mentioned microsoft, intel, and amazon these companies have insane demand still in the early innings just like microsoft and intel were in 1993 the story was getting started. these days vinvestors are making the same mistake of the cloud. at the same time intel stock has already doubled based on previous lines of chips in the 46 take a look, old chart in the '90s everyone thought the big move occurred after that. the large gains have come and gone seven years later, intel stock peaked at 72 that kind of move will not happen again companies way too large. in fact it was written off as a desperate bid by intel to force people to upgrade. the next leg of

amazon. atlanta is much larger and could absorb the number of people coming to atlanta. i don't think either of these cities are actually going to win it they are two amazinges and they have great culture. i think that's what amazon looks for, where do young people, product developers, managers, bright mbas coming out of schools where do they wouldn't to live, put down roots and what is the most happening city both cities are super happening, great choices but i think they will lose to new york, boston or a wild card of miami. >> tax incentives differentiate these two cities atlanta was offering $1 billion. they were going to put serious money on the table nashville has apparently said no, either you want to come and embrace the things that make this a good place to have your headquarters but we are to the going to put a lot of money into it can atlanta afford that, to give away that kind of taxpayer money in order to get the headquarters there? >> i am sure governor deal has done a fantastic job of finding out exactly how much the state of georgia can afford to bring them here. you have to remember, kelly, they were talking about building $5 billion infra

data use issues for sure >> rob, your universe, it's been amazing week alphabet tonight wednesday, twitter facebook is in there as well amazony. of those big four reports, what do you think may be the most explosive and why? >> of those four, i would point to twitter just as the business has been rebounding and recovering, i don't think the sell side consensus in terms of modeling has not caught up to the slope of the recovery. a lot more of, i think, a riskier bet given the range of outcomes the others are very stable in terms of predictability. but that's the one that i think has the most potential upside going into earnings season for this week at least >> hey, walt, as a telecom annualist who follows apple as well, you mentioned this, but do you have any hard date on how long people are keeping their iphones past when the equipment installment plan is up and, therefore, the cycle has elongated? >> they report the upgrade rate. it's just an inverse of that you are on multiple years and operators have been reporting this upgrade rate in the united states for some time so these upgrade rates which are really helping the cas

amazing at your lexus dealer. >>> good morning it's 8:00 a.m. at amazon headquarters in seattle. it's 11:00 a.m.eet and "squawk alley" is live ♪ can't touch this ♪ can't touch this ♪ break it down ♪ oh oh oh ♪ ♪ oh oh oh oh oh oh ♪ ♪ stop hammer time ♪ >> good thursday morning welcome to "squawk alley."

because we have amazing statistics they have found, only about 2ers had to 4% of all state and local sales tax goes on tax through sales. we are talking about a very small piece of it now that amazon collects in every single state with the sales tax and a huge movement towards states collect 10 what perhaps was -- collect that piece that was perhaps untaxed before. you look at the idea that the p retailers, 87% to 96% of their sales get taxed currently. this issue that there is a huge gaping hole in sales tax codes is not run by the facts. i would argue it shows physical presence works. when a company like amazon has been successful at providing goods and services to so many americans out there and they want to expand same-day delivery which i take advantage of common -- of, they wanted -- to buy whole foods. when they wanted to expand and become the juggernaut company they are today, that means they've developed a physical presence nearly everywhere. and when a business gets to that level, they really would have a physical presence in those cases. let me just conclude with the idea of patrick byrne, founder of overstock, when he was testifying in front of house judiciary a couple

that's pretty amazing that the top pick for the nfl draft could receive a signing bonus of more than $20 million. having decenty earnings is being rewarded in this market. scarlet: amazon reports today, intel and microsoft. even as there has been a lot of scrutiny on semiconductors software has actually done great well -- quite well. their composite of compared with the rest of the broader tech. at the software in particular going forward as a place where perhaps you can see better value and you will be rewarded. scarlet: all about the cloud. julia: it's going to be about the cloud tonight as well for amazon. let's get to the first word news. >> bill cosby has been found guilty on all charges in his sexual assault trial. a jury near philadelphia convicted him of three charges of aggravated indecent assault. the guilty verdict comes less than a year after another jerry deadlocked on the charges. was charged with drugging and the lasting andrea constand in 2004. he could get up to 10 years in prison. the senate judiciary committee voted to protect special counsel robert mueller's job. today's vote what's the matter in the hands of senate majority leader mitch mcconnell w

amazon and jeff bezos. the laura ingraham controversy. heartburn! no one burns on my watch! try alka seltzer... ultra strength heartburn relief chews. with more acid-fighting power than tums chewy bites. mmmmm...amazingve heartburn. heartburn relief from alka-seltzer. enjoy the relief. 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 discover your story. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certa

once amazing and because this is right, i like brick and mortar stores, i like to look at things, but this is the wave of the future, this is what american people appreciate and like about amazon for president to insert himself into this situation because of this petty separate issue, related to jeff bezos this is a bad look. >> we have to go. on this -- but stick around, we have other hot topics. you are singing kumbaya during the commercial. >> we have update on identity of shooter at youtube headquarters, when we return we'll have more and candidate supporting president trump and his agenda, now g.o.p. candidates deciding whether that is their best strategy. after this break am plan. >> this is fox news alert, a woman found dead today at scene of massive shooting at youtube believe he, police is only suspect, a law enforcement source identify the herou to san francisco fox affiliatenc nasim aghdam that is in line with what we're hearing from other local affiliates, she has produced several videos for youtube and her open web site, and a video in 2017 she said youtube discriminated and filtered her content, and then complains about free speech, saying more in iran than in u.

amazon. we are live in the new york stock exchange in minutes. hi i'm joan lunden. today's senior living communities have never been better, with amazingters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice. so allstate is giving us money back on our bill. well, that seems fair. we didn't use it. wish we got money back on gym memberships. get money back hilarious. with claim-free rewards. switching to allstate is worth it. internet providers promise business owners a lot. let's see who delivers more. comcast business offers fast gig-speeds across our network. at&t doesn't. we offer more complete reliability with up to 8 hours of 4g wireless network backup. at&t, no way. we offer 35 voice features and solutions that grow with your business. at&t, not so much. we give you 75 mbps for $59.95. that's more speed th

expectations, orders, prime membership fees coming up, you name it, amazon is on fire and cristina know all of that. here more details, amazingory. >> amazing, investors that got in earlier very happy, the stock today just soared 8%, actually all-time high. was higher, way higher than that earlier this morning. so definitely coming higher. blew earnings expectations out of the park, they had profit of $1.6 billion in the first quarter. this is more than doubled the profit for last year at the same time. but to put it into context compare today other tech companies, you facebook that put out earnings, they had $5 billion in profit, microsoft, 7.4 billion, alphabet, 9.4. still lower than the pack and expenses, expenses have been up 42% for amazon if you're wondering why expenses going up, they are investing in array of various companies, most notably they are putting a lot of money into their content and the content has to do with amazon prime and that's the next big story for amazon, is that that 99-dollar u.s. per year annual membership is jumping up to 119 for all new prime members may 119 will be the day you see the hike if