already been sold on amazon.t's a potential gray market and as a brand or manufacturer, when that happens you don't have control over the consumer experience or even the product. it may not even be a legitimate product. we see a consistent shift where a lot of manufacturers are embracing markets particularly amazon for that reason. cory: david spitz, thank you very much. we appreciate you joining us. coming up web tv, sling tv. it's all in the air, just like the ncaa is. we'll talk about that next on "bloomberg west." ♪ ♪ cory: this is bloomberg "west." the world financial greg gard are holding less foreign-currency river -- reserves than they haven't quite a while. 11.6 trillion monthly record of 12 trillion last year. the job may be overstated due to the strengthening market. a significant shift from 2004-2014. interbank intrigue -- in current -- increased by fivefold. japan in talks to hire as many as 200 employees from the royal bank of auckland. part of the 3 billion-dollar acquisition of the loan portfolio

so part of the appeal of amazon from a consumer perspective is the bar to become an amazon seller is a bit higher and amazon did that to ensure that there's a quality of service and delivery that consumers experience on the platform. cory: this has bane long-running battle. going back probably at least to like '95, '96. from the very early days when amazon recognized ebay, while essentially very different was a competitive threat. indeed that's probably why ebay bought paypal in the first place because they were afraid amazon would scoop it up. what was the dynamic that changed in the last year? >> well, in e-commerce it's about selection, it's about value and it's all about speed of product delivery. and back in 2005/2006 when amazon started offer prime, that really became the gold standard in terms of what consumers expect in terms of getting products in two days reliably and without additional costs. and amazon has invested considerable amounts of capital in building out their distribution centers and they're really unrivaled in terms of their distribution cast today. this is why

amazon's chief technology officer will break it down. amazon shares up nearly 15%. alley" will be right back. financial noise financial noise financial noise so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪ >>> let's bring in simon hobbs as we get you to the close in the uk and across continental europe. >> you can see a good rally, the stage was set early with some good confidence data from germany. the efo survey rising to a ten-month high. the momentum may be slowing according to jp morgan. the greek stock market is up over 3%. take a look at this video shot in latvia. as the finance ministers of the eurozone gathered earlier today. take a look at the greeks, look, if they were isolated at the beginning of the meeting, boy, were they isolated by the end of it it's wi

emily: when did you become the lead analyst of amazon?ill: shortly thereafter, we got into a competition of who would be the lead banker of amazon. emily: what was that like? bill: it was exciting. getting exposure to somebody like jeff bezos at that moment in time and seeing what he has accomplished today is amazingly rewarding. i have been able to keep up with him. he is a large investor in our fund and one of the smartest, quickest thinkers i've been exposed to. emily: what has surprised you most about amazon and jeff bezos, now almost 20 years later? bill: he has convinced wall street that he is playing this super long-term game, and they let him forgo profits for what is now 20 years. it kind of goes back to what we were talking about with the overfunded startups. he gets to play a different game because he has convinced them it is ok. emily: is it ok? bill: every investor gets to decide that on a daily basis. i think there were multiple periods in amazon's life where people doubted whether the model had long-term legs and they force

>> i would say amazon's position with prime is pretty remarkable. would probably put them in the safe camp. i think google, with the profitability of the search business and this insane foot print of android, i would put them in the safe camp, too. on facebook, i think they're working through an interesting challenge. they have lost the trust of their user. if you ask someone, do you have certainty who is seeing your facebook content, my guess is 90% of the people would say no. that creates anxiety. i think it made room for snapchat, which we are an investor in. even a company like nextdoor, which we are also invested in. because that lack of trust limits what you can do next. >> and apple? >> i think apple's only problem is android. and google. and google's willingness to be aggressive. apple should have paid anything. flat out. if you're going to pay $3 billion for a headphone company, $2 billion for a maps company is a no-brainer. i also think they should have found a way to broadcast. i have a deep respect for tony fidel. >> should apple buy twi

what do you think the next step is for amazon web services? do you think they are charting a path to spinning this business out? >> i actually doubt it. i think that there's a strategic reason that they are in the business and probably more than anything i think they want to control all data on the planet and figure out what everybody is doing all the time. i mean think big brother, but in a good way so that they can make sure that they get us what we need. i really think there's an overarching retail and media strategy, and i think they just want to see all information flow. >> your price target is below where the stock is trading now which is of course an all-time high in the after-hours session, michael. you would say to sell the stock at this point? >> i mean obviously now that i have earnings and i say what aws is doing i can re-evaluate my target so i guess the premise is if i don't move my target maybe. let me ruminate over this overnight and i'll have a note out tomorrow i promise. but, you know i think the big surprise, and i think th

it is really coming down for amazon.we did not know was you had a business growing at a 50% clip. does that suggest amazon's business of selling stuff to people is actually slowing down more than we got? jack: you are talking about a business 10 times greater than the size of aws. maybe there is room for it to grow. selling stuff is a more traditional business. it is probably more competitive. amazon had a seven year head start on the cloud. these rates are a manifestation of a bunch of perplexing occurrences. it is now turning into profit. cory: it is suggested microsoft's web service is apples to oranges. ibm, their number, how are these things different? matt: two big ways. most of amazon web services is true infrastructure. the things i used to buy in the form of servers and storage, but microsoft is counting on their commercial cloud business. it is a combination of azure and software applications like office 365 and their other software services they sell to commercial accounts. those are different things. the othe

he's been studying gold mining's toxic legacy in the amazon since 2000. so now miners have better access to the remote forest, they can get their equipment there, everything's easier because of that highway. >> everything's easier it's essentially part of the perfect storm that is madre de dios. so not only do you have a brand new highway that makes transport easier you have record high gold prices and the preexisting condition of extreme poverty. >> tell me about this illegal gold mining. what is the process? >> we're really on the edge between the amazon and the andes, and erosion over millions of years have worn down the rocks of the andes which are gold rich, and all that sediment has washed down the rivers. >> next stop - a mining area near la pampa. but that can be dangerous for an outsider. the only way into this spot is on the back of a motor bike. the going is tough - and wet. and makeshift bridges - don't always hold up. these illegal mining operations extend for miles and miles away from the main highway. we've already been on the bikes for hal

amazon may be down. amazon web services is going to be disclosed for the very first time.ying to figure how big it is. if it is over $6 billion that would be good. very interesting. jeff bezos has said this will be bigger than the retail business long run. the retail businesses almost $100 billion. that is saying something. if retail is much less profitable i just don't know. we will have to get that break down. alix: do these numbers justify the run-up we have seen? kathy: i think there is an excel rated shift to the cloud. i think enterprises understand if they don't go there they will not be competitive. they have to do this. amazon is doing all kinds of things challenging others in terms of competition. one of the biggest ones as robots. they went to 15,000 robots in one year. everybody has to follow. alix: to your point, we are getting their cloud numbers out now. first quarter 1.5 -- $1.7 billion. kathy: 6 billion was expected. the question is what was the profitability? alix: the cost per $1.3 billion. kathy: that is saying that retail is less profitable than people

you have netflix, you have amazon tv.ow impressed have you been with some of the original content on some of these other outlets? aaron: if you are a writer, the more vendors that there are for content, the better. obviously, netflix is on fire with "house of cards" and "orange is the new black." amazon has the gary trudeau show, "alpha house." nontraditional tv is great. emily: how about you? are you a binge watcher? aaron: yes. not just of new stuff. i am a binge watcher of old stuff. i can spend a weekend watching "the office." all nine seasons. by sunday night i have done nothing but watch 200 episodes of "the office." emily: is this the golden age of television? is content better than it's ever been before? aaron: i think content is better than it has ever been before. most television isn't very good, there is just more on the high-end now of what is very good. emily: how much more competition is there for writers like you, show runners like you? aaron: i just don't see it that way. if you have something good, it's g

start with amazon.going on here. >> it looks like at least from some of the commentary you are seeing that the profitability in growth in amazon web services was so impressive now that they're breaking out those numbers. people are wondering if if the other side is the core e-commerce business where they were bundled together. there was some anticipation saying you'd want to see them hemorrhaging money in that business. maybe it means the rest of it just looks modestly worse. >> does it make it more or less likely there would ever be a spinoff down the road? >> i think it is more likely there will be a spinoff down the road. right now it is up $15 from the close. it is up $10 through the 52-week high. at some point, if the shareholders were able to bring pressure -- which they're not, by the way -- jeff bezos would have to decide on his own to make a move like this. i don't believe shareholders could put pressure on him because of the structure of the company. i think at some point it would make sense f

and that is not other than amazon. it is all about retail, e-commerce for amazon.his is a company that brings in $22.7 billion per quarter. in sales, sales up 50% -- they be the estimates. and drastically, they start to break out in terms of what they do in terms of the cloud computing. this is about a retailer, a company that actually wins when interest gets bigger, when netflix get bigger. why? they preventovide with the power via their web service. they break it out by showing them they are up 49% in terms of sales. clearly, the cloud is a key growth area. again amazon just flashing that cash. they have spent $22 billion this quarter. they made it, but they spent it to invest in their future. once again, we are seeing investing in new warehouses, new data centers -- in media content. remember, he is trying to make us completely addicted to amazon. by getting amazon prime to watch videos. on your tablet, there might be on your fire or kindle. also, your worldly needs -- the goods on your house at the touch of a button. you can order to detergent with amazon.. ten

i like my amazon echo that you ask about playing music. >> wait a minute. you're downing the button that you actually press but you're touting the amazon echo? how lazy do you have to be to talk to a piece of plastic? >> i think the bigger issue is the buttton only orders one thing. you have your button for gillette raisers and you're waiting and waiting to push that button. >> and they send you the economy pack of 30 raiy zors. they could put a convenience charge on this. for a company that has the lowest price around if you are so lazy that you're not going to go to the website, couldn't they make this more expensive for you? >> i think we have finally found a topic to keep a straight face with than drones. >> the person who has the amazon acount on their phone doesn't have to be the one to order. the kids can do it, the teenager can do it. all they have got do is slap it. it's dangerous if you're not amazon. >> i didn't even consider the kids issue. >> i tunes found that out the hard way. >> never going to run out of cookies. >> when we come back, one mi

amazon reporting last night and the big takeaway was how much money amazon was taking in it's cloud business. that's the first time that amazon has broken out it's cloud revenue. $5 billion is how much it generated in 2014 and it continues to see cloud as a big opportunity going forward. they say going forward it will become a bigger part of the core growth strategy and ten years from now it might be bigger than e-commerce. >> we have been a technology company from the get-go. so enabling others to use our technologies was another step in building platforms. this is a huge opportunity. jeff besos has said several times that he believes the opportunity is so big they may be overtime become bigger than the retail company. >> now one of the tech disrupters that is using the cloud is evernote which is becoming a popular tool used in the work place. i'm joined by the general manager here at the next web conference and i was speaking to an executive that says she is so reliant on evernote she sees it as the digital brain. talk to us about the tools you're offering to the audience. >> good morning.

it's called amazon dash. some of your favorite products with a simple push of a button. >> oh, beautiful! >> too early for an "elf" clip? no because christmas has come early for amazon customers now that the company has introduced shiny new buttons. it's called amazon dash. >> a simple way to reorder the important things you always run low on. >> reporter: it's a wifi connected button you can stick anywhere in your house for a convenient push for product purchases. it's just the latest way the company is learning your habits and trying to hone its selling power. >> with prime shipping you will get new products delivered to your door before you run out. >> what they're trying to do is change some pretty ingrained behavior in terms of how we shop. >> reporter: jason is editor at large for wired and says soon even something this convenient may come to seem archaic. >> i think the end point is you think something and it's delivered to you. >> alexa, what do you do? >> i can play music. >> reporter: amazon echo an

will you touch amazon's-button? what is it and how does it work? you thought this was an april fool's joke. the superstar analyst, why he thinks this button is more than a gimmick and how it pushes amazon's branch to make shopping simple and you wait here. it is not quite the same go daddy danika patrick poses but the company definitely ago as a public company. 31%, the trading continues for another 59 minutes. you are watching it with go daddy's ceo blake irving, his first game in the public aisle. we will push him on the new business strategy. will work? we have him in the last hour. breaking news, it is april fool's day but had leather very serious. we have recovered from every angle, peter barnes has the breaking news that broke on the iran nuclear talks. who is a more going? rich edson is following the religious debate when it comes to the freedom of religion act. attempting to join indiana and other states with similar laws and a button with amazing power or just an annoying device you don't want in your house? will be dash button change the

amazon is up 43%.d best performer in the nasdaq 100 this year behind netflix. google up 8%. microsoft, a half of 8% and apple has done well one 17%. let's talk more about this. james, first to you. the surprise so far, at least to you, of the nasdaq this year. what is it? >> i think it's amazon. this is a stock that had been left, you know for dead for a while, with disappointing results and losses but what we saw for the last two quarters is not only the ability the to deliver profits, but do so fabulously. the thing that we did this week is we updated the stock right before the quarter, because the first time that we felt that we had a catalytic event by peeling the onion back and seeing what their amazon web sources business was doing. not only did we see that is their most profitable business but their north america core mature business is improving profitably as well. and that's the thing investors needed to see, greater conviction following the quarter. and i think, you know, you're going to cont

netflix was one of them, amazon i think is another name. we're taking a look at situations where sometimes it's worth paying up for a little bit of premium and think how much you're spending here, looking at spending about 2 bucks on something that costs about 50. risks 4% of the current stock price. the question you need to ask yourself between now and expiration could the stock move that much or more. the answer is clearly yeah, it could easily. and that's all you're risking. if that move is against you you do a trade like this. >> a good bet momentum in this part of the market, dynamic names and every chance that what happened last quarter will happen again this quarter. >> move on here. it wasn't just tech stocks that were soaring this week, fast and casual diping stocks have been on fire, dominos, dunkin' and cheesecake factory up sharply on earnings that could spell good news for one restaurant stock reporting next week. carter has been taking a looks at one chart. >> i have charts an we're going to take a look here at the screen and

it is called amazon destination. and hello. so, amazon had amazon local before. it was a travel site, i guess, they had flash field for booking, amazon is different. in fact, won't finds much of a savings at all. avenue been experimenting all morning. basically the identify see -- idea is. >> this most people don't fly, they drive, they do the romantic get away. let's help them. if you live near new york, la, seattle, find hotels adam son things are great, book it that way, amazon taking 15% fee from the hotels for the booking. and if you trust amazon, a lot of people do, they could be the hotel select or for your next get away. >> what about, what's that new hotel site that has the skinny guy that, lou like he's been out all night? travago? yes. >> i don't know that one. >> you don't know that one? i want to be as skinny as him. >> really? >> and he is kind of school, kind of swarmy sexy? >> swarmy sexy? >> swarmy is not sex. >> i come on, people, travago guy. >> sue said she's seen them. >> good morning, lauren? we seem to never know what you are talking about,

it's not the case that amazon has run away with this. still a lot of ground to cover. >> reporter: as for dash, more than a dozen brands have already signed up for this christmas in april by amazon. on coffee, on trash bags, on snacks, do not stall. dash away, dash away, dash away all. don't forget, delivering presents from the air was on amazon's checklist two years ago. now it's gotten its wish. the faa granted the company an experimental airworthiness certificate. this technology will only get more prevalent, but not to worry. for those concerned about overexcited little button pushers in the house, amazon limits customers to one order at a time. >> we're going to order pedro a new mike on amazon. >> that was our jake tapper reporting. that does it for us this hour. thank you for watching, everyone. i'm zain asher. >> i'm john vause. errol barnett, rosemary church are up next with the latest on that news of an attack at a university in kenya. you're watching newsroom on cnn. ♪ where do you get this kind of confidence? at your ford dea

so amazon gave us amazon services. wasn't a lot of disclosure but it was shocking to me the profit margins on amazon web services. seemed very un-amazon-like. >> i don't know of a analyst on wall street who wasn't shocked by those margins. there may have been a handful. this was a huge surprise. >> they beat expectations. >> shockingly. and there's two surprises in here. one is that the business is so intrinsically high margined. the second is that they would allow it to be run that way. the company with a mantra that your margin is my opportunity. it's surprising that they did that. it's almost a little surprising that they displace closed it now, because they put a little wit of a bull -- bit of a bulls's eye on their back. if they're that high, that good in cloud computing, you bet it's going to bring a lot of competition in. >> except they're lowering prices like crazy. but just as shocking was how unprofitable the rest of the business was. >> well, except that they really haven't. there hasn't really been a major

amazon delivers the next day with their amazon fresh program. they deliver from their warehouses.s from whole food. they want the groceries from costco. they can get that through instacart. they cannot through amazon. >> does any shopper know good from bad? >> we train our shoppers to make sure they understand how to pick groceries really well. they pack the bread in a way so it doesn't get squished. we make sure that eggs do not break. these things are minor details, but they are very important for us to perfect. >> let's talk about petco. have i i have two dogs. it's out of my way. i know i want the stuff delivered. how do i get -- how do you i specify i want something from petco? >> open your app. choose the petco store. search and find what your dogs like. add them to your cart and there you go. in a day, petco offers groceries for pets. >> you are a person -- so is there any reason when you hear that uber wants to be in it that you would think uber knows how to do it? >> i think it's fantastic. they deliver passengers. why not deliver packages? what does that mean for instaca

amazon i think is another name.re taking a look at sometimes it's worth paying up for premium, and think how much you're spending here. you're looking at spending $2 on something that costs $50. you are risking 4% of the current stock price. the we you need to ask yourself, could the stock move that much or more. the answer is very clearly, yeah, it could very easily, and that's all you're risking. the move is against you, then that's the reason to do a trade like this. >> there's a good bet. these are dynamic names, and there's every chance -- >> let's move on here because it wasn't just tech stocks before this week. casual dining stocks have also been on fire. names like domino's, duncan, and cheesecake factory up sharply on earnings. that could spell good news for one restaurant stock reporting next week. carter has been teaing a look at one. >> i have some charts. we'll take a look here at the screen. we want to look at buffalo wild wings. this is an interesting setup. first, let's look at the group s&p 500 rest

all part in and parcel to the amazon story. all the upgrades today cited the upside in cloud here. >> crm, sales force, a hidden cloud name. when you ask somebody what their favorite cloud space name is this name comes up. up 14% year to date. quietly all the short-term momentum indicators are racing higher. i think it's still a buy. >> interesting because you take a look at a rack space, 52-week high on the day, on the back of aws. >> another one that rallied today, seemingly on the back -- look at what ibm has done qui quietly. earnings released, stock spikes over 170, down to 163ish. overs the last couple days a nice rally in ibm picking up on that theme. i don't think it warrants this price but clearly something going on over the last couple days in ibm. >> another big earnings trend. video. facebook announcing 4 billion videos are watched on its site every single day. that's a lot of individuals. google touting youtube success. one third of all internet users watching hundreds of millions of hours of youtube video every da

today tech giants google and microsoft along with amazon will announce their results.s fourth quarter earnings last year disappointed investors. microsoft profits fell due to sluggish computer sales, but amazon smashed expectations, blowing past wall street and what they were expecting. >>> after a sluggish start, stocks on wall street finished higher yesterday. the dow gained 88 points, the s&p rose 10 points. now just 10 points below its record high the nasdaq finished 21 points higher. >>> some good news for recent college grads. companies plan to hire more grads this year according to a just released survey. 65% of employers say they plan to hire a recent college grad. that is the most since 2007. 33% are offering higher pay, including a quarter who will pay $50,000 or more. >>> amazon is considering a new delivery site, the trunk of your car. the retailer is teaming up with dhl and audi to start a small test run next month in germany. during checkout amazon customers indicate the location of their cars during the delivery window. the delivery agent uses an order-s

reason why you like amazon so much.you look at amazon share price, how much of that price do you think is cloud versus the core old-line retail business? >> thanks, melissa, thanks for having me. it's pretty interesting if you look at it that way. you know the cloud business in that, we've got more detail. could be worth something about maybe 60 billion, 80 billion in total valuation. but honestly, the upgrade today was really on three points. to the north american retail margins were improving. even though they were lower than we thought, they were improving and strong growth in the third-party marketplace. on top of the aws profitability. >> in terms of the improving margins, a lot of that is just recovery from the spending free sprooe that amazon did with the firephone and the results on that not coming in too well. are you confident that bezos won't ramp that up once again with other project? or other device, that he wants to sell to consumers? >> i mean that's clearly a risk. they might come back in on the phone. b

why won't amazon be able to do what you're doing?ecause of the kind of neighborhood ethos you're trying to cultivate. the idea that you're careful about how the products are being made and who's making them? >> it's simple, 92% of buyers who come to etsy, say they come there to find goods they can't find anywhere else. by coming to etsy. you're buying merchandise you can't find on any other platform and that's really important and our sellers are very much a community. can you see it in excitement of our sellers, we have 10,000 etsy teams. these are self-organized groups of etsy sellers around the world who meet offline we make a home for them at etsy, for creative entrepreneurs that is really unique and they're really bound to the platform and we really appreciate that. >> now, where your sellers are are is a big part of your story. you're trying to engage communities outside of the u.s. communities of sellers. how do you do that? and how much a part of your success is that going to be, if you're able to get unique goods sourced say

i had thought of amazon as in partnership with writers. and for a company to try to make a business point by turning its back on -- i have sold, through amazon, millions of books. i have contributed mightily to their bottom line. i would've thought they would see me as an asset. me and other writers have brought people to their site in droves. and now they have turned on us. it is, to say the least, a puzzling strategy for a business to turn on its assets. i would love to have a conversation with jeff bezos about the self-destructive nature of this particular strategy. emily: amazon is arguing that books must be cheaper in this environment where there are so many media distractions. do you have any sympathy for their argument? malcolm: complete sympathy for it. i just don't understand why, in order to get to that preferred outcome, they have chosen to screw over the people who bring revenue to their business and customers to their site. emily: do you need a traditional publisher for your next book? is there another way? malcolm: is this an

let's take amazon. they actually told us something.n's conference calls have been with exchanges just sleep walking and contemptuous at times. not to mention frustrating for anyone who is trying to model the next quarter of the next year. not this time. this time we heard a break out of howell they're doing. turns out it's fabulous for amazon. a line item that could be insanely lucrative. plus the company told stories of potential good tidings in india and china which seemed pointless. you can hear the jeers turn to cheers and the stock which had started to recoil before the call only zoomed up $56 in more than 14% to a new high. how about google. we already knew that growth was slowing as the company was losing ad share to facebook. that was a given. we heard nothing different on the front last night and the numbers were considered disappointing but this time we heard two things overwhelmingly positive on the conference call. first google's main problem was the company's inability or unwillingness to monetize youtube. it began to thin

i will when amazon stock goes up and lose its amazon stock goes down acyl shareholders. my bet as an option holder will be leveraged. i will when a multiple or lose a multiple of the share price change in amazon stock. that was the essence of the problem. there were two essences. one was this one. they typically embody a lot of leverage. they magnified the loss, which is great during the boom. sorry i said at the wrong way. they magnified the games, which is great during the boom. they magnified the loss, which is horrible during the bust. second thing is a lot of the derivatives are about more complicated than what i described. i used a real example. call option on amazon stock. everyone in the financial market understands what that means. when you start doing derivatives on synthetic cds in things like that which all sounds like generation turns out to be gibberish even allegedly very sophisticated investors who churned out didn't know what they were buying. >> host: in your book, "after the music stopped," the first-order business was to put an end to bubbles, right?

in the amazon, there is incredible forest destruction for cattle ranching. there's a huge explosion in soybean farming. there's massive logging operations. there's an avalanche of new highways and roads and other kinds of projects which are creating a lot of problems for the forest. we focus on those areas because they're the most important from a conservation perspective. narrator: often called the lungs of the planet, the world's rainforests have gone from covering 14% of the earth's land surface to 6% over the last 50 years. in addition to providing us with over 20% of the oxygen we breathe these forests are the most biologically diverse habitats on the planet, home to over half of the world's estimated 60 million species of plants, animals, and insects. dr. bill laurance: one of the really exciting things about working in tropical rainforests is they're just such a mystery and there's just so much we don't know about what's here, even just in terms of cataloging the number of species here. right now we think there are somewhere between maybe 5 million an

it seemed very un-amazon-like.: i do not know a single cell site or by side analysts on wall street that was not shocked. cory: it beat expectations. guest: shockingly. there are two to problems. the business is so high margin but secondly amazon would allow it to be run it such high margins. this is a company that enjoys razor thin margins. they have the mantra your margin is my opportunity. i put a little bit of a bull's-eye on their back. if margins are that fat, that high, that good, you can bet it will bring a lot of competition in. cory: except they have been lowering costs like crazy. but just as shocking, how unprofitable the rest of the business was. guest: except they really haven't. there has not been a major price decrease at aws since they took that really big price cut following the introduction of dce -- gcwe. mark is right. it was a shock to everyone, the level of the profitability. they have these profits because they can. they are the one company in the cloud that is operating at the scale you nee

a way for all the macy's, the bloomingdale's, the foot lockers, the nordstrom's an ability to out amazon-amazon. you can buy something and rather than have the item shipped to you in california from a distribution center in atlanta, mailsies can identify that that item is available in a store two miles away from your house, our driver picks it up and delivers it to you. >> reporter: deliv's business model, to be the uber x of same-day delivery. >> i don't own warehouses i don't own trucks, i don't pay for drivers i don't use, i don't buy inventory. >> reporter: so leslie gibbons, for instance, drives only when a delivery is needed, earns up to $20 an hour according to the company. she considered driving for lyft or uber but -- >> it's nice to have packages versus people in my car. i love people but it's much more relaxing to be driving on my own. >> hello. >> reporter: as for customers like kim holland well, she paid $5 to have deliv bring the present she ordered for a friend on macy's.com to her door. >> a lot of times i don't have time to go to the store or i don't have time to wait for fed e

hernandez trial and amazon makes sure you never run out of goods thanks to a simple button. this is the "cbs morning news." hernandez trial and amazon makes sure you never run out of goods thanks to a simple button. this is the "cbs morning news." an fda-approved treatment that significantly reduces headache days for adults with chronic migraine. 15 or more headache days a month each lasting 4 hours or more. it's proven to actually prevent headache days. and it's injected by my doctor once every 3 months. the effects of botox® may spread hours to weeks after injection causing serious symptoms. alert your doctor right away as difficulty swallowing speaking, breathing, eye problems, or muscle weakness can be a sign of a life-threatening condition. side effects may include allergic reactions neck and injection site pain fatigue and headache. don't take botox® if you have a skin infection. tell your doctor about your medical history muscle or nerve conditions and medications, including botulinum toxins as these may increase the risk of serious side effects. put the odds on your

why is amazon such a good partner?switch to microsoft if they have a slightly better price? >> a lot of companies have made this investment and have a lot of people built up. they can't really change now. we have changed our applications to run well for security purposes on amazon. they're going into more and more companies. they opened up shanghai. i don't want to have to build data centers? all these countries. >> i want to talk about that for a moment. you are building enterprise software with a different sort of philosophy. trying to design it more beautifully. trying to make it consumer friendly, but for the enterprise also. how does that play out for you when you're trying to get deals signed? >> it's funny. we have all these great devices at home like your apple phone, then you go to work and have these horrible looking screens. most generations won't use those applications. we took that on as a strategy. we created a design agency in new york, hiring people who know something about design and beauty and have th