-- i will pick on brother amazon -- amazon's innovation was not technology. it was not technology. they have to use virtualization technology to enable what they are doing, but their innovation was not virtualization. for the old people in the room, ibm did this in 1972, right? their innovation was 12 cents an hour. 12 cents an hour. and transparently. we could go right now and look it up. you can buy it for 12 cents an hour. that ability to sell you -- and they are not the only ones. other people are starting to do this. so transparent, by the way. but that innovation to give you computer for 12 cents an hour. that is a business innovation. they were economically not possible before. let me give you a simple example. some of you may not know this. a couple of years ago, and they may not want to talk about this, but 350,000 people could not file their taxes on tax day. not very good. you may not know this, but the number one day for ecards on the planet is valentine's day. by a long shot. hallmark processes more on valentine's day. this is because you do not

>> amazon is going to be the winner this holiday shopping season. we have black friday coming just less than 24 hours away. however, the problem with black friday is we just had the market down, six days in a row. the consumer is still cash strapped and you have amazon as a cyber play. 95% of americans still shop in real brick and mortar stores. but amazon is running specials all day friday online to keep people home, they've really expanded their network of retailers, very competitive in terms of pricing. have you the kindle fire, all cylinders are go for amazon. >> tom: what's your price target? it had been at 250 earlyier in fall. do you think it will return in the next year? >> i'm hoping in the next 12 months we'll see that 246 to 250 level again, but it more of an expensive stock. but a growth story. >> tom: latest of questions in our inbox surrounding p. m. i. group, this is a mortgage insurer. it filed for chapter 11 bankruptcy protection today. the stock has been halted since october when it was seize bid regulators in arizona. you mentione

and amazon's new tab blet computer goes on sale today. and korts take a looking to see what it has to offer and used the new kindel fire to down lead lood and stream movies and testers say the display look goods and does have more trouble with glare an thorj tablets. it's responsive, however did mistake a touch per move, which may take getting used to. >> this looks like a fine performer and at $200 costs less than $500 and up you'll pay for ipad. >> so it does have limitations and there is no camera and there is less storage. and just seven inches, and it does make it easy to carry around. >> yes. and for that price? great. >> good deal. >> let's get a last check of the forecast now. >> there is this is a time lapse view from south beach camera looking eastward across the bay. scattered clouds and lots of blue skies. sunny, mild, high temperatures into 60s, tochl, state wide we'll see a pattern similar to what we have here in the bay area. there is a remainder of the state, mainly sunny and dry. tahoe, yosemite, highs into mid to upper 5

in amazon web services, you have more than 3.5 billion objects. they have to know which one to go for it here that have to break your access. then they have to break the description on the of jets. the probability of stealing your data and getting away with an attack is vanishingly small. >> i think you address one of my concerns, which was the security of my data out on the cloud, but you raised a new question -- who owns my data? what if i do want it to go away? >> there are very challenging concerns. certainly, governed by state boundaries. for example, numerous canadians do not want their data in american dissenters. under a land the vessels, that can be subject to inspection and seizure. all the regulations relate to national boundaries there as well. a cloud providers actually end up having to meet numerous diverse regulatory requirements related to where data may resign and how it may be encrypted. there are different purchase centers for different christian center's and countries -- there are different encryption centers for different regi

what amazon is trying to encourage people to do is pick up amazon prime. this is 80 bucks a year.let and get this $80 a year amazon prime. it gives you free streaming movies, two-day shipping on any products you get on amazon.com, and it also gives you this access to this netflix of ebooks, it's a lending library. so you can rent out nearly 5,000 different books you can use if you're a big ebook reader. they're pushing people to really be a one-top shop for content. >> very cool. i do both. i like to read on ebook and i like to hold a book in my hand as well. so thank you, katie. appreciate it. >> thanks. >> all right. >>> after a quick break -- ♪ it's the end of the world as we know it ♪ >> yeah, 31 years and 85 million albums sold. r.e.m. says it is time to break up. ahead, michael stipe and michael mills talk about the songs that meant the most to them. >>> but first, this week's "making their mark." a 61-year-old canadian man didn't keep driving when he saw sarah berg and her cousin having car trouble on a busy wisconsin interstate. victor changed over and pulled berg's flat t

the best supply came from the amazon. so i'm reading these accounts, and people keep referring to this book by this guy, neville b. craig. which, the thing that is really strange in my living room is an ancestor of mine, neville craig. and i think after while what are the odds? this guy. and i find it is. this guy in my living room has played a part in this story. so i had the sort of genealogical kick, i started researching about, i mean, i've always thought we came from a family of lunatics, and here's another prime example. so, in my living room hangs a portrait of either my grandmother's angle or a great, great uncle, both men were named neville craig. my grandfather found at a thrift shop that this was a older, the founding editor of the first newspaper in pittsburgh. the late 19 city of us don't suggest it was a younger craig. intend to make his fortune and -- in rubber. the primary source of natural source was latex from the tree. the trees most abundant in the borderlands between brazil and bolivia. portion is to

by selling it for $199, amazon basically breaks even on each sale. the company is expected to sell up to six million devices before the year is done. amazon hopes its lower price will help make it more attractive than apple's ipad 2, which has a starting price of $499. last month, amazon warned it could lose money in the fourth quarter as it spends heavily on the fire and other projects that may not generate immediate returns. here's what we're watching for next week: our friday market monitor guest is bernie schaeffer, chairman of schaeffer's investment research. we'll see the october reports on existing home sales and personal income. on monday, hewlett packard reports quarterly results. we'll find out if new chief executive meg whitman is turning the tech firm around after a year of instability. 1,000 detroit city workers will be laid off between now and the end of february. that's about 9% of the city's workforce. the city is scrambling to trim costs as it looks to avoid impending insolvency. the job cuts are expected to save $14 million this fis

. >>> today, an amazon tablet. tomorrow, a smartphone? well, word is amazon will challenge the iphone and android phone with its own device. it would be priced to compete with those phones and maybe even undersell them. the phone is expected about this time next year. >>> and that amazon tablet is one of two, new competitors this week for the apple ipad. amazon's kindle fire and the nook tablet from barnes & noble, features smaller screens and smaller prices than the ipad 2. "usa today's" ed baig says they also have fewer features than the ipad but do the job. >> what people want is the ability to watch movies, listen to music, and of course, read on these things. play the games. surf the web. and you can do that on both devices quite nicely. >> so, basically, the choice boils down to which features you want and which retailers you like best. >> we'll see. >>> well, next on "america this morning," legendary actress natalie wood. a new investigation into her death. >>> also, students trapped at school under an elevator. we'll hear their fr

but you know when i look at amazon and apple and i see companies who werextremely igned with u right,and we have a lot of conversations with people at both companies just trying to figure out ways that we can do more together. there's just a lot of reception there. i can't think of an apple product or amazon product that i look at and it's like that's really -- >> look at it amazon just announced a new kindl fire. >> i know. >> to compete with the ipad. >> and that's cool. we don't have a tablet so we could care less about that. >> rose: there are no borders out here in terms of what you might want to do. >> there are no borders for us. >> rose: exactly. >> we want everything be social. and we want, prefer everything to be social with facebook. and so for us you know our goal i really to work across. weant work on every tablet. >> this is the important stuff. >> and apple and amazon, you know, god bless them, they can compete and build-- . >> rose: you found a device you want to be seen on it. >> that's right. >> if are you amazon one of the big strategies is sell kindls so you can se

and the best supply came from the amazon. so i'm reading these accounts, and, um, people keep referring to this book by this guy, neville b. craig, which what's really strange is in my living room it's a picture of an ancestor of mine, neville craig, and after a while i think, what are the odds? i find out, it is. this guy in our living room has played a part in this story that i was reading. so i had this sort of genealogical kick, and i started researching about the, i mean, i've always thought we came from a family of lunatics, and here's another prime example. [laughter] so in my living room hangs a portrait of either my grandmother's uncle or great, great uncle. both were named neville b. craig. my grandmother thought the subject was the older craig, the founding editor of the first daily newspaper in pittsburgh. but the late 19th century style of the painting suggests it was the younger craig, an engineer who shipped for the amazon a week after his 31st birthday. craig was not planning on working directly with rubber. t

amazon is hoping to heat up the tablet market for the holidays. shipments of the new kindle fire started going out yesterday. a day sooner than expected. that gives them a slight jurp zart on the no ork k tab lets that hits shelves later this week. kindle fire sells for $199. analysts expect amazon to sell 3 to 5 million tablets this quarter. >> we don't need an app for weather. >> i came in on friday. everyone says it's not raining but my phone says it is. well, there's the dilemma. that's why we still have a job, meteorologists across the bay area. your phone probably says it's foggy if you're waking up, and in this instance your phone is accurate. nothing too extreme in terms of visibilities dropping off just yet. otherwise we're looking good in san jose. 39 degrees in santa rosa. looking to a really nice, comfortable day. lots of sunshine. it will be on the cool side for the first part of the day. by the end of the week, showers arrive, turning cold. patchy fog and a little bit of sunshine. we'll see completely sunny skies by 2:00 to 3:00 p.m.

they use amazon at home. they don't have to reinvent the wheel. >> charlie: you keep using a billion. i st did an interview with marc and they don't have that kind of business yet jeurgs -- >> by the time it's over, it's a phenomena. >> charlie: it's the most powerf company in the world. >> it's billion. it's incredible. >> charlie: is it becoming the most powerful company in the world this. >> no. >> charlie: okay. >>hat idea -- >> charlie: a billion. it's t third largest country in the world. >> here's the thing. that idea of a tech company is so powerful it's going to control everything. nd of came out of ibm when they kind of controlled everything and innovation. they went after everybody and tried to stop it for while. microsoft kind of mirrored ibm. but the internet has changed everything and since the internet not even the evil empire microsoft has been able to control everything even if they tried. because it's a new world. >> charlie: what happened to microsoft? do you think it's really over for micr

but does that make sense for amazon? we tallied up costs associated with building the fire costing $201.70 but amazon is selling it for just $100 -- $199 and selling at a loss. at bloomberg studios in san francisco, i'm emily chang. larry? >> thank you very much and looks like we might not have too much rain on thanksgiving. >> there is partly rainy day. it's a part going to be raining in morning hours. so the system is falling. i'll show you. and let's take a look at this. there is a live view from our camera. looking at mount diablo. mostly clear skies. and there is our live doppler 7 hd. and there is some wet weather. will be slow to arrive. now, we're dry and partly cloudy skies with temperatures into upper 50s to low 60s at this hour. there are will be rainy tomorrow night into thursday morning. thanksgiving day starts out wet. but things could improve. and there is going to split going to the south. and there is a part that will move north will bring us rainfall. and there is rain beginning to push light rain into

amazon is ready to tackle apple with a smartphone. there are two new competitors for the ipad. amazon and another have fewer features than the ipad but do the job. >> people want the ability to listen to music and read on these things, play the games surf the web. you can do that on both devices quite nicely. >> you'll have to buy both your books and apps from the sellers of the device so it boils down to which features you like best. >> thank you rob. it appears americans are putting aside worries of the economy as thanksgiving approaches. triple a predicts 42 million americans up 4% from last year will travel at least 50 miles from their home for thanksgiving. that's despite higher airline tickets as well. >> it's usually 4.28 now it's 4.25. i'm going to visit my money then go pick up the kids and bring them back to see grandma. >> the national average 3.39 a gallon up 50 cents compared to last thanksgiving. >> you guys going anywhere for thanksgiving? >> thanksgiving and the next morning. >> are the minute societiens coming to you? >> no. >> no gas money there. weather and f

i like the fact that they're challenging apple with their amazon kindle fire.hink the stock has 40% in it over the next year. >> brenda: thomas, do you think so? >> yeah, i think amazon has done great but 40% is a little bit of a stretch, i think. >> brenda: jonas, your prediction? >> the canadian government is replacing paper currency this week and other currencies with plastic dollar bills. so you don't have to criticize paper currency anymore. >> brenda: ok, gary b., bull or bear? >> i am bullish on it. i say it's been a snoozer. now it's the time for it to mauk a move. good call. >> brenda: ok. and thomas, your predictions, and scott? >> we like any chemical stock right now. they've been very well. we agree. what's your prediction? >> c&j energy services, they've been benefitting big time from the boom in the oil and gas market in the u.s. we think high

: but amazon just announced a new kindle fire. their tablet can compete with the ipad! >> and that's cool. th can both have tablets. >> rose: there are no borders out here in terms of what you might want to do. come on, sheryl. >> there are no borders for us. >> rose: exactly! >> we want everything to be social and we want... prefer everything to be social with facebook. and so for us our goal is to work across. we want to work on every tablet. >> this is the important part. >> and apple and amazon, god bless them, they can compete... >> rose: you've got a device and we want to be seen on it. >> so if you're amazon one of the big strategies is sell kindle so you can sell more things. if you're apple a big part of your strategy is sell devices because that's how you make money. if you're google they want to get... android as widely adopted as possible. >> rose: therefore they go out and buy motorola. for example. >> little purchase on the side. >> rose: and there are rumors that microsoft may buy nokia. >> sure, but our goal is not

smart phone, citi group says amazon is working on a cheaper phone. analysts say it makes sense to continue to run with platforms they can push content on to and he thinks it's a question of timing. price point he says amazon can under cut pricing for anyone. expect it to cost less than $200. and he added it's going to be a great player and lining itself to compete with apple z finally say hello to electric luxury if you can afford it. it's a car everyone dreams off, but only few can buy. rolls royce is thinking about cater together tree-hugging crowd. the car is electric. you can't buy it just yet. people are getting in line already. as for how much, those interested looking to pay mer than half a billion -- million dollars. the rest of us can dream. at bloomberg studios in san francisco, i'm emily chang with bloomberg west v a great weekend. >>, you, too. not sure we'll be ordering that soon. >> it's going to be dry now. and there is a big game tomorrow night. >> sprinkles today and likely more tonight. so things hold the way we're looking, drier fo