did a lot of out of it brooks -- books through these booksellers through amazon and amazon not only provides access to these people, but they also you know, i know what your experience -- my experience with amazon is terrific. you get books lent to you by some absolutely unknown, tiny bookseller, who knows where, and yet you know, it's prompt and whatever they represent the condition of the book, that is how it comes. so, some bookseller's actually are benefiting from amazon. but the only real advantage that a conventional bookstore has over amazon is browsing. but that is going to change, because amazon already you know, it provides recommendations. they are looking at what you are ordering and they are using that to make recommendations. that is an artificial intelligence service that is not highly developed. it's unsophisticated and it doesn't work well, but that is a matter of time before it advances. computer science will provide much more intelligence advice from amazon and what you should be considering while browsing. so i don't think the bookstores, part from these special

about amazon or complaining about amazon. they are aggressive in actually, what, you know, jeff, the chairman there is man tray is lower pricing for consumers. if you get that, he talks to the partners in the publishing business -- sometimes they don't see eye to eye. so he started a publishing business which is another thing that all of the publishers are scratching their heads about and wondering where they're going to go next. so amazon is really the driver -- really the most important player in the industry today. but one thing they don't no is physical bookstores. barnes & noble is still the largest operator physical bookstores. they have made no intention of opening any more. as most of you probably know, borders went out of business about a year ago. that leaves us with only seminational change. bookings million how aggressive thailg be is anybody's guess. that means we're going to have new books stores probably going to come from independent book sellers. for the long time, independent book sellers segment had been sm

and the smartphone, and amazon as the blackberry.e guy that you to beat is mercado libre. >> and do you have a case, dave? >> well, they have to use the credit cards for online shopping and trust the delivery system, and people across the latin america do not trust the postal service, and they do not believe that what they order will arrive in the mailboxes in good shape. that is the other hurdle i watch out for. >> fantastic. thank you for joining us today. i'm mandy drury here with tim seymour, and you can catch us again next friday. don't think local but trade global. have a great weekend, everybody. >>> next on the "celebrity apprentice," the final two will be revealed. >> it is for the whole enchilada. >> and get my agent on the phone. >> the "celebrity apprentice" next on cnbc. it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an a

amazon does not have to play that role. we believe that they have therefore been given an advantage in the marketplace. the playing field is not level. legislation being considered in congress to remedy that, which a lot of the independent books, not just what sellers, lots and lots of retail businesses across the country are very much in line. so, you know, these are all things that concern us greatly about -- the way that they go about their pricing, the fact but they don't collect sales tax and contribute. the fact that we believe there will be much less competition and it could be much worse for consumers in the end if it turns out. >> one last question read here. front-row. >> i just have a general question. in the motion picture business there is a rating system. in the book publishing business there is no rating can tell if the book is appropriate for certain ages. >> i think that their is a significant devaluation system, which is one of the great things and social media. don't you think that the book websites provi

the reduced canopy from the indiscriminate harvest and allows the sun to drythe amazon e forest floort aing to the fire haza fire and smoke plus reduced vegetion decreasing the rainfall and further increasing fires. it's a vicious cycle that is broken by careful tree harvests. as chris uhl learned, e ees grow backif you give . t s scovery len even bigg: if ranchers and farmers could use their land more efficiently and for longer periods of time, perhaps both developmentalng new and environmental needs could be accommodated. it has to do with the difference between extensive and intensive agriculture. and bynsiv we anninking about as a viable alternative that a g pof ld itode,l taeaafteyear now, the reachalngin this, of course, t te apoaus. narrator: rnear belém, small farms shave been practicing intensive agriculture for decades. by mixing a variety of crops and by using locally produced organic and mineral fertilizers, anvae ean increase eir income thsame piece of la fomany . nepstad: these systems include trees or other perennial crops, fruit crops, black pepper, cacao-- which is ch

-- 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

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

we've seen how successful crocker amazon has been. you go there, it's an incredible sight to see on a saturday morning. there are hundreds of kids that are there and i think beach chalet, i play there, played soccer there, played irish football there, it's a great facility. i think it could be used to its potential. we've got rugby and we've got lacrosse, we've got baseball, we've got so many sports that would benefit greatly to have the field astro turf'd. i know everybody's concerned about the impacts against the environment. i think golden gate park is a phenomenal place and down through the years it's kind of changed as the needs of the city have changed. it's constantly changing. so please accept the e.i.r. i think it would be a great benefit for young families and families with kids and they'll get great enjoyment out it. >> commissioners, steve kerrier. you've had a wonderful week, haven't you? >> yes. >> i'm president of the outer merchants and residents association and a few years ago i was chair of the crocker amazon crock a

our final total was $10.10 of amazon credit.e looked at two other sites, buy back and second span. buyback only wanted seven cds for $3 but seconds been was willing to purchase 16 with a payout of $15.30. how does that compare to brick and mortar? >> there's nothing we don't want >> he has been buying used cds for years in berkeley >> i would like popular cds that were well taken care of in good shape >> he says the use supply is ballooning thanks to digital download so we were not expecting much but we got a surprise >> i'm willing to take the mall >> $30 credit or $15 cash, just enough to buy a couple more cds. he may need to figure in shipping costs when dealing with on-line sites but they will generally pay amazons program is for web site credit only and the others offer cash. if you have an idea or a problem give us a call. even get rid of clutter and make a little extra cash although you might make more actually selling them on amazon rather than treating them in. >> it is kind of fun to go to the cd store though. >> a sho

. >>> and amazon is coming to xbox.t says it will add amazon's instant streaming to its xbox gaming console, allowing you to watch movies and tv shows from amazon right in your living room, much like you can with netflix. now, if you pay for amazon's prime service, you can get many of those shows for free. we use it all the time at my house through the roku device. there are hundreds of tv shows, of course, you have to pay for the amazon prime account, about 80 bucks a year, but many of the videos are free. there's a pay-per-view option too, but lots of interesting content. >>> you remember last year, google bought the gap. well, the company's now showing off how they're incorporating the reviews into google's search. one in five searches on google have something to do with the local area. so this is really good news, because you can get the gat reviews for free. it's tough news, though, for its competitor, yelp. back to you. >> okay. thank you, scott. >>> well, tobacco companies are putting financial muscle behind the

amazon instant video. google, hulu and netflix are making plans to have original content. >>> target says it will stop selling amazon's kindle e-reader at all of its stores and website. the decision comes just as apple is said to open kiosks in more than two dozen target stores. apple and amazon are tangling for dominance in the tabloid computer market. make way for the apple train through target. >> that's got to be a blow. >> a big one. >> absolutely. thanks, ashley. >>> straight ahead, your thursday morning weather. and in sports, a little drama on the last out as the angels' jared weaver pitches his first no-hitter. angels' jared weaver pitches his first no-hitter. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. i was worried it would be hard to install. but it's really easy. the better i drive, the more i save. i wish our company had something this cool.

>> the only reason -- here's how you anticipate in amazon. you buy my new book "the big win" on amazon on the site. that's how you participate. but away from that, it's also focused on margins. margins are razor-thin there. he thinks they hold up. to me, the biggest issue is that if you want to raise money for the government, tax online commerce, and i think you'll see that pick up this year. >> and scott, also on amazon, the one thing you have to watch, and i love the company, and it does a fantastic job, and i think they have a real niche here. but you have to be careful of the apple mini ipad coming out. they're talking somewhere around a $200 price tag. that could eat into the kindle sales, or at least eat into the kindle margins. >> nobody, grasso, either seemed all that concerned from the recent npd data, which i think we had on the show a couple of weeks ago, which showed a really dramatic drop in market share for the kindle. >> yeah, but if you look -- first of all, let's look at it technically. from that 426 bounce coming out of earn

>> it will be hard to see amazon not be in the picture. but what is interesting about the joint venture with microsoft is they haven't yet named it. the obvious name would be nook but they haven't used that. so it will be interesting to see what vehicle they really create but i will anticipate that will do well swz all right, john, thank soches. dow have any disclosures to make? >> no. >> susie: all right, john tinker of maxim group. >> thank you. >> tom: monday's are known for merger announcements and rumors. it wasn't just microsoft's investment in barnes and noble. first, the rumor: coca-cola late today denied it was in talks to buy monster beverage. there were reports out during the day that coke was negotiating what would be its biggest brand buyout, probably over $11 billion. after closing in the mid-$60 range last week, the rumors pushed monster stock up to almost $84 dollars per share, before tumbled just before the closing bell when coke denied the deal. in energy, sunoco shareholders will get more than $50 per share from pipeline

we like amazon. it's important to amazon. it's 10% of the revenues. it's locked up for amazon to their advantage. >> let me turn your attention to yahoo!. the legs on the scott thompson resume, how far does that go? >> i think we're going to get through that pretty quickly. scott thompson has proven himself at pay pal, the leading online payments solution out there. he proved himself there. so i don't remember what he did in college. and yahoo! is another issue we are of that stock. if anybody can solve that. >> isn't it fair to ask a question, for a company that already has a credibility issue having a ceo with potential credibility issue in certain circles, you have to pay attention to something like that? >> yeah, you do. i think that's a pretty small issue. it's different than the beer drinking issue that you brought up last week related to another internet company. with yahoo! this is really a small issue. scott thompson has only been there for a short period of time. he's got good assets to work with. he's got to work with them quickly because t

amazon that problems competing against their -- their shop, the amazon shopping maturity think. groupon is a clean space. i don't see amazon coming in and crushing groupon. also, merchants know that groupon brings in the customers. there's no question that if you're going to do a groupon play, you're going bring in customers. there's no other company that can guarantee it, and facebook has still not and yahoo! >> the next holy night you're watching, netflix. that's because they have original programming which is available on netflix streaming. do you think that series will move the needle? >> two words. arrested development. okay? this reminds me of apo back in 1990 where i worked. they were going nowhere until they did original programming. same with netflix. dot fourth, fifth and sixth series of arrested development. bring in other original movies and content. don't forget, netflix sin creasing those streamings subscribers. this is not a company that's been going down the tubes. they've been executing on their business plan. increasing sub xrisscribers and original programming

and look at amazon earnings. sales uf 30% driven by units. amazon is going to drop priepss and care less about margins. when you operate amazon and best buy, vu to operate distribution facilities. a lot more cost overhead, and even though best buy is lowering price, the margins erode. >> tom: what category should best buy focus on to improve business for shareholders? >> best buy -- i think they need to focus to appliances -- seriously. they need to focus on electronics at this point. that's what they're doing. they're building cutouts mobile phones. and you. it's competitive. they're banking on selling services to the masses. that's not good. >> bby. close to a three and a half year low. it live upha tainable top line revenue. if i'm on the outside looking in, their earnings may not grow for five years, and 10 years may not be in business. >> are you short that stock, ryan? >> we have no position. >> thanks, brian. >> susie: another day, another investigation into what went wrong at j.p. morgan chase. this time, it's the commodity futures tr

amazon has not had to play that role. we believe that they're there for been given an advantage in the marketplace that the playing field is a is a level. there's legislation in congress being considered to remedy that which a lot of the independent, not the booksellers. lots and lots of retail businesses across the country are very much in line with. so these are all things that concern us greatly about the way that they go about their pricing, the fact that they don't collect sales tax and contribute back to communities that they are in, and the fact that we believe there'll be much less competition and could be much worse for consumers in the end if that does turn out a certain point. >> one last question here in the front row. >> i just have a general question. in the motion picture, there is a rating system. y. and book publishing there is a rating so we can tell is the book is proper rate for certain age is? >> i think there is a significant evaluation system, which is one of the great things of social media. don't

it's amazon, apple, google, facebook. what we are going to witness over the next ten years is a flat out war between the four of you, fo the future. how do you see that? >> i mean, people like to talk about war. there's a lot of ways in which the companies actually work together there are real competitions in there. but i don't think that this is going to be the type of situation where there's one company that wins all this stuff. >> but you are already getting in each other's businesses. >> i mean -- >> yes and no. >> there is something called google plus. >> yes, and no. i mean i think you know google i think in some ways is more competitive and certnly trying to build their own little version of facebook. but you know, when i look at amazon and apple, i see companies who were extremely aligned with us. and we have a lot of conversations with people at both companies just trying to figure out ways that we can do more together. and there's just a lot of resense there. i can't think of an apple product or an amazon produc

. >> the deal between two california cities and amazon that would bay the company millions. >> alan: a big crowd for lady gaga, but no one in the crowd is a fan. the nation that wants her to stay away. >> ama: all eyes are on the skies for a ray solar eclipse. >> leigh: actually got a nice clear night this evening, so with protective eye gear, you're able to go out there and view this eclipse. how clear will we be tomorrow morning? we'll take a look at the seven-day forecast. get ready for a big cooldown this week. >> closed captioning brought to >> closed captioning brought to ama daetz son.com sells product in california without charging tax but now stands to pocket millions of dollars in sales taxes paid by golden state customers. am zone is setting up two centers in the city of san bernardino and patterson. sales to amazon are deemed to take place just in those two cities so they'll receive all the sales taxes earmarked for local government. local officials want to give amazon the lion's share of their estimated $8 million take as a reward. >> access to twitter has been restored

you can get just about anything on amazon and soon. that will include your high fashion fix. >> we'll explain as we continue. time now 6:20. as a fashion blogger, i love when i get to do a morning talk show. i'm always talking about t.j.maxx. i tell people how to look like a million bucks without spending it. fashion direct from designers. savings direct to you. t.j.maxx. let us make a maxxinista out of you. moms make everything sweeter. this mother's day, return the favor with the blooming hearts bouquet. chocolate dipped strawberries and pineapple hearts. visit, call, or go to ediblearrangements.com - ♪ edible arrangements >>> welcome back. saving up for that high-end outfit, man a pair of shoes, designer belt, a popular web site is now making it all for all of us very easy to find them. this this morning's business beat, we'll start off with how your stocks are trading. lauren simonetti with fox business network is live in new york. happy tuesday. >> happy tuesday. we survived the european elections. we were looking at steep decline

. >> for google, amazon and a bunch of folks, they have been able to initiate very significantly obviously. but net new centrality -- can you just share with us.

let's -- this was priced very close to the multiple that amazon commands.y the way, others have made the solution to amazon in its early days from its '97 ipo. that came down to something like $1.30 in '9d 3. 93. that's a company that doesn't really care that much about what it's doing to shareholders in terms of investing quarter to quarter. >> even now, they spend money for fulfillment crepters on robotic arms and they don't care. >> but they could show unbelievable profitability if they wanted to. and they've elected to think about the future. could facebook show unbelievable profitability? >> by the way, do the split adjusted, it was a disaster to stay long amazon through this. maybe facebook has to have that same test before it really becomes -- >> now, you did say last night at 30, it becomes a plain old buy in your words. >> well, i think that -- at 30, the gross stock guys will come in. now, is this the greater fool theory? yes. when the growth stock guys come in, you have to buy into their methodology to own it. i've compared, last night, eaton, co

scott, you mentioned amazon. i think amazon is winning. $13 billion a year? this company is on fire. >> and you know what, i think the point that einhorn was making is that jeff doesn't care about earnings. he's sacrificing short-term earnings growth for long-term growth. >> yes. and revenue growth. >> yeah. and that's why he thinks he's going to do whatever it takes to hurt somebody like dick's. >> certainly feels that way. thank you, scott. we'll see you later, scott wapner at the conference in new york city. >>> gold prices today tumbling in the bear market territory on concerns that greece will have to exit the euro. the precious metal fell more than 20% since the train day record in september as the u.s. dollar index has hit a four-month high. gold settling down 1% at 1536 an ounce. >>> bruno, the london whale at the center of the trading loss is still at the firm. he's expected to leave at some point and there was a chief investment office ina drew resigned. he oversaw the disastrous trade. james baker and saratoga and trust, the jpmorgan chase and mana

>> reporter: in today's tech bites, the fire may have gone out of amazon's tablet. there was a big drop in kindle fire shipments in the first quarter more than 80%. there could be a number of reasons including saturation during the holidays. but it appears there's good news ahead for the kindle ereaders. the amazon website i wants that downloads of -- hints that downloads of the harry bother books will be sable -- potter books will be available commercially soon. they cited more than $1.5 billion in sales just last mor. >>> a new customer satisfaction survey for online retailers. amazon received a record high score and apple was the number one computer and electronic site. >>> a new robot vacuum cleaner does more than just clean your floors. sharp's cocoa robo also send you text messages on its progress. watches your pet and even says ouch when it bumps into a wall but no it doesn't do windows. those are your tech bites, i'm sunny hostin. >>> well, clean-up will continue this morning in louisiana after a tornado touched down on wednesday. you can see pieces of the h

target says it will stop selling amazon kindle ending a conflict of interest. analysts say it's getting worried about amazon swiping sales across a variety of products. as for stock market stocks were lower today, fresh job data show companies added fewer jobs than estimated. the bloomberg silicon valley index up slightly. ebay and intel two of the top gainers on the day. last night finding out fac facebook's road she to ipo could be kicking off, but will facebook be able to friend china? the count story blocked from using it. mark zuckerberg has been vocal about wanting to break into that market. he was spotted in shanghai prompting speculation but could facebook friend china some day? a guest on bloomberg west told us he thinks regulatory issues are going to be a real problem. and added he doesn't think it's worth it for facebook and for sees facebook getting tochbz demonstrations in the u.s. and this is a story we're going to be continuing to follow in the next couple weeks. back to you guys. >> thank you. >> our sunny skies out there could be changing quick

by the end of the day facebook will be richer than target, starbucks, disney it even amazon.ls will happen over the weeks in years to come. women prepare this hard sell video landis slain today at at&t park. here is a look at the mt. tam camera. off we are looking business more with less conditions. this afternoon will be warm inland. >>erica: we are enjoying a friday light for the roadways. at the approach to the bay bridge, there are no backups. the east a freeways are still moving pretty well. no problems in the south bay. a pretty smooth ride coming out of marin county. >> in berkeley a fatal crash around 1:00 a.m.. this is all that is left of the cadillac. here it was traveling of california >>james: at the start of the bay to breakers, it will be called by drive here in the house as a move towards a hayes st. hill, 57-62 degree temperature. >>darya: we will remind you when our special show is. here is the beauty. if you want to go to the race, you have to get up early in the lineup for, you can just roll out of bed at an ad and watch the whole thing for the comfort of y

selling amazon's kindle. parents do play favorites with their kids. jane king has the bloomberg business report. >> target turning its back on amazon parrot that will stop selling amazon's kindle. will continue to offer similar products from apple and barnes and noble. target has been expanding its line of apple products. a mixed close for the markets yesterday. the bloomberg maryland index slightly higher with help from catalyst help solutions. that 60% of young people do get help from their parents. parents do play favorites. he lives in a pineapple under the sea. viewership of the cartoon has dropped. nickelodeon may be facing over exposure for the brand after 13 years on the air. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> my kids love that cartoon. >> i love that cartoon. have the orioles cast aside their own curse of the bambino? keith mills will have highlights. >> here is a look at last night's winning maryland lottery numbers. does your phone give you all da

amazon has finally come around and said we're sick of fighting this thing.ebay if we get this law passed so they're in favor of a law passing. >> they support the bill that i filed now. >> handicap it. where are we in terms of something really moving here? >> my sources tell me that post the election there's a real chance -- >> nothing happens preelection. >> no, nothing happens preelection. >> where's mitt romney on this issue? >> i don't know. as a federalist, i'd hope he would be in favor. george bush as a former governor was strongly in favor of it. i do think they will make the bill so it's truly simple. bill's bill simplified the taxes. the decision said it was too onerous to figure this out. now they created 15 uniform classes of goods, you know if baseball is a good or sundry, one tax rate per zip code, one check to the state. it truly made it simpler and thus constitutionally viable to pass -- >> on a related topic, i want to ask you with relation to staples, does it have the best buyer problem of essentially being a showroom for amazon? people go i