>> amazon has ha history of creating businesses in house, just for themselves, amazon web services isood example. fulfillment by amazon. then sort of opening them up to outside businesses, you know. other companies. and turning them into, i guess what amazon web services is expected to be a $10 billion business this year. so if amazon decides to do that with its delivery business, it's almost overnight become one of the world's biggest delivery companies and it'll be, could be a direct competitor to fedex and ups. right now amazon says they're growing so fast, they're still growing their business with those companies but they're taking some of the business they used to do with those companies and doing it in house. the question is, how far do they go? i think a lot of people think, you know, in five or 10 years, they are going to be one of the world's biggest delivery companies and a direct competitor to ups and fedex. emily: devon leonard, read about his new piece in the upcoming issue of "bloomberg business week." and hear more every saturday and sunday on bloomberg television. comi

buy amazon. i think it's worth going over suggestions because frankly they really make sense to me as a place to go after the fed meeting. miller, a famous stock picker, started by saying he liked facebook, google, and amazon. i think he picked all three for two reasons. one being that he wanted to make clear his growth bona fides. but, two, he also knew they were probably all reviled by the audience because they're obvious and beloved by retail investors. hence why they're despised by the hedge fund intelligentsia in the room. i'm only being half fa seeshous or sarcastic or sardonic. you take your pick. why does miller like one obvious name, amazon over the other two? because the latter two are both going after the same $500 billion advertising market, and even though that's a huge pie they're splitting, he pointed out that amazon has its sights set much higher. the $5 trillion retail market. so, therefore, it's inherently better story. bigger tam, total addressable market. at one point there wa

amazon web services is a good example. full film l filament by -- fulfillment by amazon and open to outside businesses. and other companies and turning them into, you know, i guess what amazon web services, and expected to be a $10 billion business this year. so if amazon decides to do that with its delivery business, it's almost overnight become one of the world's biggest delivery companies. and it will -- it will be -- you could be a direct competitor to fedex and u.p.s. again, receipt now amazon says they're growing so fast and still growing their business with those companies. but they're taking some of the business that they used to do with those companies and doing it in house. and the question is how far do they go? and a lot of people think -- ultimately they are -- in five tore 10 years, they are going to be one of the world's biggest delivery companies and a direct competitor to u.p.s. and fedex. emily: all right. devin leonard. you can read about his new piece in the upcoming issue of "bloomberg businessweek." a

emmett: we worked closely with amazon studios promoting their videos and getting twitch users into amazon. we will deftly do more in the future. we are in the testing and experimentation phase. emily: you are just onstage at nch and said that there is a big immigration between amazon and twitch coming -- integration between amazon and twitch coming. emmett: we have been trying to figure out with amazon how we create something that drives value for twitch streamers, that drives value for creators to that is who we focus on. while being a great thing for amazon, i think we finally figured out an amazing integration point that is going to let us do that. i look forward -- speculation on what that might be. emily: here i go. you have been streaming political conventions, art classes, for example. we talked about the pilots. are you going in any of these directions? emmett: we discovered as we did more non-gaming content even though twitch is clearly a community for gamers, gamers don't just like a games. gamers like all kinds of stuff. we have seen great response to content, thenc creative co

carol: amazon's plan to dominate same-day delivery. and how one small american company successfully faced down stiff competition from china. david: all that ahead on "bloomberg businessweek." ♪ carol: i'm here with an editor and you have a great story about the controversy involving mylan epipen's pricing. they doubled the price of it. there was a lot of attention brought to it. they reduced the price and brought out a generic. it has made everybody take a look at the industry of pricing -- drug pricing. >> they do a good job of sort of explaining just how crazy drug pricing has become and how hard it is to fix the problem. epipens, it is widely used with people with terrible allergies, including myself. it is necessary. it is especially necessary for kids who have a lot of allergies. it used to be that you could get two epipens for $100 apiece. $600 is a lot. what peter shows in the story is how hard it would be to fix this. this is the excuse that the ceo of mylan made. what she was saying, the ceo was saying, you cannot, they did no

the new york times says prices of staples change daily on amazon. and that's leading to sticker shock, if $6 in june. then it jumped to $12 in august. and then back down to $7 in september. unfortunately, you can't lock in a fixed rate with amazons subscribe and save program. the new york times says amazon's prices vary according to supply and demand. so you're at the mercy of their computer algorithms. there's no doubt subscribe and save is convenient. but if you're looking to save your money, the only real option is to skip the automatic refills, and buy the items manually, while the price is right. otherwise, wt card statement for unexpected price hikes. for 13 action news, i'm beth fisher, helping you so you "don't waste your money."> karla -- do you know that old song -- harvest moon? okay -- i'll sing it for you. nah -- just kidding. i have a terrible voice. but 13-first-alert meteorologist -- karla huelga -- has a wonderful forecast. hot and dry will continue to be the theme for the rest of the under 100 tomorrow and sunny skies. on monday, t

or fulfilled by amazon partner.s is a question more about what they say and what they do as opposed to whether it's right in sort of the abstract. >> i 100% agree with that. and sort of our observations from, again, our small-scale tests, too, was that you seemed to get preferential product placement service, prices, shipping, if you are a prime member. your screen tended to look a little different and/or you are given those fulfilled by amazon products, which are often cheaper right at the top of the search. >> customers keep buying the stock just breaking through $800 a share, so we'll see where it goes. >> it's true. >> our thanks to both of you. >>> let's get over the dominic chu and get a quick market flash on another big e-commerce giant. >> alibaba hitting the highest since december of 2014, the stock up about 2% in early trading, tracking for a second day in a row of positive gains. today's move comes after analysts raised their price to 125 bucks a share, implying a 16% upside from the preopen price. the fi

consumer reporter john matarese shows a catch with one amazon program, so you don't waste your money. (john on cam) the newest way to shop for things you buy over again is with amazon's subscribe and save program. have you tried it? it automatically refills your orders for staples like detergent and trash bags. but a new report claims there's a catch that could be costly. ------------- subscribe and save takes some of the frustration out of kitchen and laundry chor running out of detergent, no more empty toilet paper holder. it's similar to a netflix subscription, except for one big difference: the cost is not always the same,. the new york times says sprices of staples change daily on amazon....leading to sticker shock if you re-order on the wrong day. example: folgers coffee: $6 in june, $12 in august, but back down to $7 in september. ---------------- 2 secs separator ---------------- and from the doesn't that with amazons subscribe and save program. the new york times says amazon's prices vary according to supply and demand...so you are at the mercy of their computer algorithms. p

amazon doesn't always have the lowest price. we'll tell you about one amazon count on for the best deal.. so you don't waste your money. woman: here in nevada, those were the worst days of our lives, and congressman heck called it "a blip." narrator: in 2008, joe heck called nevada's housing crisis "a blip on the radar." that's just how out of touch joe heck is. narrator: after heck sponsored a bill giving tax breaks to big banks, he took over $500,000 from wall street-- including banks who caused the housing crisis. it's clear what joe heck's priorities are, and families like mine get left behind. narrator: afscme people is responsible far from the las vegas strip--is closed tonight after a deadly crash. several vehicles are involved. and 13 action news anchor christopgher king is live at the scene. chris? a story now you asked us to investigate. a valley woman reached out to and says the cemetary wasn't doing anything about it. alisa celis says her mother's grave marker has been sinking because of a busted sprinkler box next t

that is going to be the hub for amazon.arol: when does everything start going up and running in wilmington, ohio? >> it is already happening. david: jeff bezos who founded obsessedny has been with this from the beginning. he cares a lot about the delivery side of things. >> he said, you know, a number of occasions, he could never imagine a customer wanting fewer products and less selection, higher prices, or slower delivery. he flips it around. [laughter] could not imagine not wanting faster delivery. that has been something he has been thinking about for a long time. it took them a while. early on, they had issues during the holidays getting packages out of the door out of their fulfillment centers. during the last couple of years, that is what they have been thinking about. they are concerned about the system being able to support their volume. very have to take matters into their own hands. so, this year, they are expected to ship 7 billion packages. in four years, it will be 13. how are they going to get all those boxes

you also order away from amazon. the numbers aren't captured in this company, growing by leaps and bounds really does distort any index that you have. spending patterns have changed. millennials are spending on experience. we hear that all the times from the companies we talk to. they go out, they take pictures sure, they are going someplace, but i believe many of the places they go to simply aren't being picked up by these aggregate features, nor more than i believe that the gigantic apple spend will be picked up by the september numbers. millennials also like to stay home and play video games. and binge watching television series that are usually superior to movies these days. there seems to be still one more wave of web inspired frugality. 100 million shoppers go through walmart each week, and that place is drawing them from more expensive stores. there's also this sharing economy, and that may not be reflected. staying at airbnb won't be recorded like a hotel spend. it's a more difficult retail environment to tra

for sale on amazon.a large selection. they also have convenience of prime shipping, which people love. and the reviews. and then pricing. so while those things are great for the consumer, as a manufacturer, trying to have your item stand out with 360 million options is harder. having the items be controlled from a reseller perspective is also harder. there's about 3 million marketplace resellers on the amazon marketplace. so managing them is a beast. >> okay. how do you know what's best? how do you know what algorithm it might trigger, how do you know what people want? >> part of it is experience. we spend hundreds of hours every day on the amazon platform, so we understand the reseller activity. we understand what's going activity, what's bad activity, what helps a brand and what detracts from a brand. >> i want to talk about this counterfeit issue because i had an interview with joe tsai with alibaba. he said it's a big issue for baba. how about amazon? what can you do for the customer? >> alibaba has

one amazon program -- so you don't waste your money.

so amazon is smaller than that. we're a long way from the brick and mortar retail death, are we not? it is shrinking, but 92% of all shopping is still done in a store. >> so that 8% number i believe is of all consumer expenditures, all retail sales. there are certain categories where there is low penetration online. if you're looking specifically at the apparel market, we are in the midteens, around 15% of all apparel expenditures are online at this point. that's a high number. had a meteoric rise over the last ten years and we expect that to continue to rise. so you're right, 8% of total, however, if you look at cat dpo categories online, the share is really material. >> what about grocerys? >> grocery would be one of the lower penetrated categories as far as online. if you look at uk as an example, they have penetration in the high single digit, low double digit range, you have a customer accustomed to buying their groceries online. back to apparel, amazon is taking a multipronged approach. if you look at what the

then i've got an idea for one more perk for those who love amazon prime. stock picking brought right to your door. jeff bezos, i hope you're watching this one. i know you never miss the show. occasionally maybe. and i'm taking a look at wall street warrior lululemon. is the retail name overstretched? is it a one-trick pony or just hitting its stride? may i suggest that you stick with cramer! >> announcer: 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 miss something? >>> there have been so many gettable wins the past couple days that you got to be kidding take red hat, the number one provider of open source operating systems for the enterprise, along with middleware, virtualization, and of course, the fabulous quick growing cloud business. it roared up nearly 4% today in the wake of a terrific quarter. all i can say is if you didn't see this one coming, you weren't paying attention, or at least you weren't watching "mad money." that's because

>> besides amazon and i believe just switch from ocado -- >> the delivery time is much better with amazon fresh. the quality is equally good. i'm not sure about the pricing. i think that's pretty -- >> one of the things ocado said they haven't seen any impact from amazon. part of that is you're getting a lot of slots available because not a lot of people are using it. as it ramps up that might change. ocado is the leader in its cfc methodology. that's the key. not using store picking. sansbury use pickers in the store. that's not a viable economic model. ocado is a model which you're removing costs. even though they are picking your groceries and delivering them to you you don't have the massive storage issues. >> now that they are seeing amazon fresh coming in and this competitive pressure in the markets do you think they are going to address this or going to wait it out and see what happens. is there anything they can do? >> i don't think they are particularly nervous. i think they would prefer amazon fresh to be a better competitor globally. one of the reasons they haven't been able to

amazon expected to reveal a platform with a large catalog of music for $10 a month. pandora and amazon close to wrapping up talks for deals with record companies that will allow them to offer these services. >> tesla ceo elon musk says they will upgrade the driving system in order to make it safer. the improvements would have prevented the only fatalities so far. the upgrade will make the system are dependent on radar rather than cameras. most accidents are not caused by drivers who are new to assist in. >> what about access for expert users? it is the expert. they get very comfortable with it and repeatedly ignore the warnings. lauren: drivers will have to pull over and restart the car if they ignore too many warnings. clever. >> basically saying you stink at this. start again. larry ellison tops the broader market up 13%. we will tell you what to expect they are. in sports, and upset at the u.s. open. pops novak djokovic. new england patriots hold out for the win last night. we will have all the highlights for you. after 400-point friday, let's check out u.s. stock

amazon, everyone in the space has realized they can't compete with amazon on speed.ailers have partnered with amazon. amazon can pass off a lot of their shipping costs to those retailers through it's shipping by amazon program if that becomes a bigger part of the mix. as demand fulfilled by amazon continues, they can uptick the price to retailers and offset that shipping cost. i think that's how they get away with that last mile is passing it off to the performance centers. >> the question continues to be asked, as it has for years, what will jeff bails do next? >> we remember those drones when he went on "60 minutes." >>> 10 minutes to go here in these last markets. that's our last mile. the dow, 104 points up again. big word on the use of this opec production cut, if you will. details are still being sketched out. the s&p up 10, the nasdaq up 10. >>> one money manager coming up says everyone is worrying about the election and the fed, but he says with stocks at an all-time high, you should block that out and get in the market. he'll tell you where to put the money,

meantime, amazon. matt: amazon is said to be pursuing video rights to a wide range of sports.es the french open tennis championship and professional rugby a will and drawn new customers to its online tv service? lucas shaw broke the story and joins carol massar and cory johnson on bloomberg radio. carol: welcome, everyone on bloomberg tv. lucas shaw, entertainment reporter from our los angeles bureau. , when it ison up to looking into sports streaming rights? for sure -- pursuing a wide range of sporting events. nfl, mlb you can watch on tv. that may not change for some time because rights are locked up by tv networks, but amazon is trying to find different ways, especially force posts with global appeals come up because its prime video service is a global service. that could be tennis, soccer, rugby, a couple of the ones that we mentioned in the story were the french open and professional rugby. i know that they have been talking to folks about those rights. amazon may also try to find ways to take those popular american sports and had them onto prime. the way the prime works

part of the beauty of echo is it is tied into your amazon account. we have one in the kitchen.i need groceries, i tell echo to put those in the shopping cart. we don't know if an apple device would have the same capabilities or integration with amazon, given the competition here. what is your take on this? david: i think it's inevitable that apple will build a product that is comparable to the echo/alexa product, just as google has announced that they will do. it's so important of a category, and amazon has so proven that there is a customer demand and it's a sexy new kind of interface for information, that apple would be insane to get out there with a product that is similar. the interesting thing is siri has a lot more intrinsic capabilities than what amazon currently has with echo. but it's all about the implementation, and it's going to be a real this advantage not to have been first. it's going to be tough to beat amazon but maybe with more intelligence, more things that it can do, it could be a genuine competitor that could really take some market share. emily: apple cert

as for amazon, the stock is at record high analyst jim kelleher saying he likes the amazon prime servicessays it will help amazon be the dominant player in e-commerce -- e-commerce. he also likes the cloud unit and set a $935 price target, suggesting amazon could climb higher. now, but backord in february commit was off 30% for the year. is there an outlook that sees mazon getting choppy again? abigail: interesting the, we go into the bloomberg and look at 35.. #37 it is a chart that shows a beautiful bull run after amazon reported a better than expected april quarter, and lots of twongth being driven by bush congestion areas. at the end of august, the uptrend started to break. interestingly, it happened on an area of bearish congestion. the sellers are more dominant there. we can see that even on a record high, it has been cap by the ascending selling pressure. this may suggest we could see amazon dropped back down toward of bottom of the area congestion, $750, and if the congestion happens to break to the downside, amazon could go even lower from there. perhaps it will be choppy for the

call the amazon prime effect.out this that people don't expect to get burgers in the mail obviously. the amazon prime conditions customer you shouldn't be in any pain. if you want the stuff right away you should get it right away. >> we were in a restaurant association meeting and research realized that is happening with customer expectations. goes from your mind to your mailbox in matter of moments. you get whatever you want. melissa: right. >> get school supplies. melissa: overnight. you look what is the pain my customer is feeling i have to erase? >> right, absolutely. melissa: the pain with amazon was waiting for stuff. they got rid of that. in your business what is the pain you have to get rid of? >> people wanted our menu available all day, every day. we've been doing burgers for breakfast since 1921. breakfast is available all day every day is going great. waffles for dinner. why not. melissa: one of those places, it would either be breakfast and it would be lunch and they want breakfast. inevitably that is

but there's one big difference: the cost is not always the amazon. and that's leading to sticker shock, if you re-order on the wrong day. for example: folgers coffee was $6 in june. then it jumped to $12 in august. and then back down to $7 in september. unfortunately, you can't lock in a fixed rate with amazons subscribe and save program. the new york times says amazon's prices vary according to supply and demand. so you're at the mercy of h computer algorithms. there's no doubt subscribe and save is convenient. but if you're looking to save your money, the only real option is to skip the automatic refills, and buy the items manually, while the price is right. otherwise, watch your credit card statement for unexpected price hikes. for 13 action news, i'm beth fisher, helping you so you "don't waste your money."> the curtain is closing -- on a long-running show -- after nearly a decade -- on the las emmy's. what happens before... the stars of your favorite shows.. hit the red carpet. the cast of "jersey boys" -- after more than eight years -- the curt

let's talk more on amazon. launching a voice controlled speaker. we take a look after this short break. don't go away. announcer: alvin and the chipmunks want to remind you-- bacteria can hide in food and make you ill. wow! announcer: but you can keep bacteria from ruining your day with 4 simple steps: clean. i'm ready for the rinse cycle! announcer: separate. all: woah! announcer: cook. fire in the hole! announcer: and chill. chipmunk: we chipmunks are notoriously tidy. announcer: check your steps-- the roadchip to food safety starts at foodsafety.gov. chipmunk: whoo! this is awesome! but your time is over. had a good long run. it's time for something new, something simple. grown right here in california with absolutely no antibiotics ever. food we're comfortable eating, making, serving. this is the new comfort food. and it starts with foster farms simply raised chicken. california grown with no antibiotics ever. let's get comfortable with our food again. >>> welcome back to "street signs." you're watching cnbc. uk officials, they say they'll be a

amazon, the retail king. 55% of all on-line products searches now start with amazon.google. what it means for retail. and millenials, gen-xers. boomers. we'll be back right after this. today i am helping people everywhere do what they do... better. i work with startups like alpha modus to predict markets five times more accurately. i am helping tv networks use social data to predict what people want to watch. and i worked with marchesa to turn fan feeds into a dress that thinks. hello, my name is watson. working together, we can outthink anything. >>> become back to the halftime report. deutsche bank making a bullish call as ceo john stumpf heads to dlil today. cross-covering all of it for us. last seen chasing mr. stumpt down the hallway, and going where others refuse to go. >> asking the questions of will he willfully give up some of his money? let's sum it up. wells fargo ceo john stumpf will for at this time $40 million of past pay. the timing coming very late in many people's eyes. the size is significant. one analyst saying to me this is a necessary but not suff

your share of wallet and purse with amazon will continue to expand. this seems like they've got a hit on their hands in the early stages. >> don't you think the fact that, yes, 33% of customers are aware of it, but only 6% have rushed out and bought it, means that maybe it's not a must-have for people? >> yes, you're absolutely right. it's not yet a must-have. could bit over time? that's the question. the broader point of our survey report is we're seeing prime adoption ramp pretty materially now. when we first started tracking this three years ago it was about a quarter of amazon customers were prime subscribers. now it's about 50%. alexa comes in and it's just another factor. amazon doesn't need any one factor, but it has a series of factors building together whether it's more third-party vendors on the marketplace, more products including groceries, now whether it's more devices that are tied into amazon and they're making alexa functionality common across multiple different devices. you now have 3,000 developer apps as part of the ecosystem, if yo

the last company was bought by amazon.nds better than most people what the competition is like out there, but he has developed a concept that i think is, and the idea of being able to buy with other people and get great deals are the result -- deals at a result, they might be able to build a stunningly business around that. emily: you worked at aol for a long time. what do you think of verizon buying them? i think it is a great opportunity. i think scale matters in this world, and with yahoo! and aol combined, it is a mobile media behemoth, and i think a lot of the customers that aol deals with on a regular basis are excited about having a third option in the world, so i think it is great. emily: as someone who ran brands there for a long time, do you think the yahoo! brand can be revitalized? can it have the cachet it once had? yahoo!ink less about the brand overall, but yahoo! has brands that have massive , and huge consumer love, whether it is yahoo! sports, oryahoo! tumbler, and i think that is really the way that aol

one of the biggest bulls on amazon on the street.my pleasure. >>> mylan ceo heather bresch grilled on capitol hill yesterday. we'll talk to the congresswoman who went after bresch for using a private jet, "power lunch" be right back. you create custom alerts for all the things that are important to you. i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. did you know kids who play outdoors have healthier lungs? totally. did you know that boys that play with dolls make better husbands? my son has lots of dolls. but did you know terry cloth diapers breathe better? i did. oh, yeah, yeah. did you guys know statistically friendly kids have more friends? yeah. that's obvious. did you know most people think they're using the right car seat for their kid, but they're not? announcer: parents who really know it all know for sure that their child is in the right seat. visit safercar.gov/therightseat to make sure your child is protected. >>> did you fly here today? >> earlier in the week, not today, yes. i

then i've got an idea for one more perk for those who love amazon prime. stock picking brought right to your door. jeff bezos, i hope you're watching this one. i know you never miss the show. occasionally maybe. and i'm taking a look at wall street warrior lululemon. is the retail name overstretched? is it a one trick pony or just hitting its stride? may i suggest that you stick with cramer! >> announcer: 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 something? head to madmoney.cnbc.com. hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi th

. >> one word we haven't used so far is amazon. the amazon effect. >> new high today? >> right. as long as amazon keeps going higher i don't think you can say the consumer is dead and burr r buri buried. i hear what b.k. is saying, never underestimate the u.s. consumers's ability or want to spend. all made that mistake over the years. talk about the consumer and department stores. that's a broad swath to talk about. >> true. >> but a name like kroger's, for example, i maine, that's a stock that was ballistic until the middle of last year, and so now it's just pulling back off an all-time high. valuation isn't ridiculous. i heard what supervalue said. kroger reports tomorrow. how you trade kroger's. you hope they miss or say something along the lines of super value did and buy it on the dip off of valuation and i think it's pretty reasonable. names like whole food markets, valuation got too high. a product of their own success. valuations got untenable. >> right. >> and those stocks sold off. margin compression has killed many of these places as well. who does that win towards? a

david: you will probably continue to use amazon. sellers out there and merchants and businesses out there that don't have the benefits of sitting on the home screen of your phone with a credential that is already stored with your identity to unlock with a single fingerprint. for all of the other players out there, it is hard to go from in intent to completion and intent to creation within their mobile app. what we are seeing right now, in france, there is match.com that has a brand there and they have created a full dating experience within messenger and they are seeing a 2x conversion as opposed to diverting people to a mobile app for mobile website. in india, there is another bot that takes care of bill payments and different things in one place. they have 10x conversion as a -- as compared to redirecting people to the mobile website. emily: the reality is people still use sms for messaging. how do you see the balance tipping? david: it's not true anymore. in developed markets and i think in markets where messenger is really an ap

facebook, amazon, netflix, google. investors returned to the group because of their love of growth, the magic elixir that makes the stocks so irresistible. jpmorgan raised the stocks to have 2017 year end alphabet okay. and it is only about $800 now. i'll tell you about that in a second. facebook is currently at 128. they took the price target from 170 to 175. amazon gets price target raise from 925 to 100. and netflix, which is at $97 goes from 116 to 126. in each case the price targets boosted the stocks higher during the day. i know what you're thinking. 2017 forth quarter end targets? we're not even through 2016, what is that hog wash? real growth investors don't particularly care about high-end numbers. they always look expensive with near term estimates but if things go right they will turn out to be very cheap once we get to what is known as out years. combo they got to their $1,000 price target. that's not nearly as problematic as tortured netflix valuation that this arrives at by putting price tags on the comp

amazon stepped up investments in india recently, with jeff besos, and that comes a few months after amazon bought ecommerce site, jet.com for about $3 billion. joining us this morning with more, megan quinn is general partner at spark capital. it is great to have you on the show finally. welcome. >> thank you. good morning, carl and team. >> we continue to spend this ecommerce story around and around. amazon up today at 820, as another analyst comes in with an aggressive price target. how are you thinking about their potential versus walmart's and all the ancillary tools that they have at their disposal? >> absolutely. so, jeff besos is committed to spending at least $5 billion in india building out amazon in the market. so it's very hard to see -- to not see, i should say, this rumored investment by walmart in flipkart as an reaction to that. amazon has developed an amazing playbook in the united states, developing a deep moat with consumers. starts off by having the greatest customer loyalty program in the history of retail, with amazon prime, and goes all the way to having a distributio

with one amazon program so you "don't waste your money."

they basically put amazon on notice. i think the problem is that in the end a business isn't noticing, their noticed. is he noticing their noticed. >> he's a pretty competitive guy that being mr. bezos. he's happy to take it on, i think. >> exactly. >> but this is a good thing. competition is always generally a good thing. you mentioned salesforce, they also seem to be introducing their new product einstein a little earlier than people thought. >> yeah. >> why'd they move that up? >> you're being facetious. >> a little bit. wait, their dream -- >> dreamforce. >> versus -- >> oracle world. but i mean, yeah, no love lost anymore. but remember, marc benioff worked for ellison. he always says they have a great relationship. i don't get -- i don't have a relationship with ellison where he tells me how the relationship is. >> sure. yeah. >> but i see there isn't a time they don't take a shot at workday. they have two shots at workday in the conference call. no shots at salesforce. >> speaking of bezos, of course he was mention

photos must be stored on the platform to be printed through amazon prints. >>> and amazon might be getting a little worried because google's new smart speaker is expected to be cheaper. the price details were leaked on line. several reports say that google home will sell for $129 when it goes on sale later this year compared to amazon's echo that sells for $179.99. >>> a look at the big board. the dow is down 153 points. >>> right now, the golden state warriors' media day is getting under way. the team tweeted out about the event happening at the practice facility in oak handled. and the team is unveiling the cross over uniforms, a nod to the run tmc era of the 1990s where hardaway and mullins dominated the court for two seasons. they will be worn in select sunday games this season we have a team at today's media day and we'll have much more with the players on kpix 5 news. >>> this season, warriors fans have two more chances to watch paul pierce on the court before he retires. pierce said he is honored to have the opportunity to retire with the clippers in the city where he grew up. >> i'

an amazon driver drops off the package. 1 minute later, the van comes back. a different man gets out and steals the package right that guy is taking my package back to the amazon van. >> he just delivered it, and he's taking it back. and i was freaking out. >> the thief was paying the amazon delivery guy $50 a day to ride along and steal packages. needless to say, amazon fired the driver. >>> angelina jolie filed for she is seek full custody of their six kids. entertainment website tmz reports her reason for the divorce has to do with pitt's parenting. >>> a man building an empire is there. >> we have 90 people so far. >> reporter: rows and rose of chairs that all earn matthew money. a man who could not be stopped. >> pure grit i would think. i just want really wanted a place where stylts an awesome, growing city. >> reporter: it started out ten years ago. now he has salons here, on broadway, and soon the tech center. his work is all over. top end models all over the world. >> hollywood at times. >> yeah, hollywood, new york a ton. this month alone, i'm going

so devin, tell us a little bit more about why amazon is doing this and why this could save them rather than cost them more. >> well, basically, amazon is growing so fast that they're overwhelming their long-time sort of delivery partners. whether that's fedex or u.p.s. at peak time. the holiday team so they're becoming a delivery company and they leased 40 planes. the first one was the prime airplane that we just saw. in seattle. and they're going to become one of the world's biggest delivery companies. and i guess that's got some people concerned, investors in fedex and u.p.s. and what it means for those companies. emily: isn't it insanely expensive? >> well, this is a company that spent $11.5 billion on shipping last year. so they're -- they're spending a lot of money. they've built all of these -- centers and prime now hubs and delivery stations. but they're just leasing the

amazon is up some 17%, i believe. google's had a nice gain as well, we were just talking about that. was that because they were undervalued heading into q3? or are things getting a little bit too heady overall right here? >> well, i'll make two points. one is that fundamentals across the internet space, for the leading companies in the internet space have never been stronger. amazon's fundamentals are the strongest i've seen in 20 years that i've been following the company. that's the same, probably, with google. it's the same with facebook. so we're seeing very consistent, but even strengthening trends amongst these names. it's impressive for them. now, in terms of the stocks, yeah, we think that the sentiment here is about as are bullish as i've seen on the large-cap internet stocks, and 2, 2 1/2 years makes us less bullish. we look for outliers, there are not many left. and i think google subpoena somewhat underappreciated. numbers go up and therefore the stock should go up. >> that backdrop that mark just painted,

. >> i was tracking amazon earlier. i was wrong on this. i was looking to where she mentioned her book "stronger together" go and check it out. it is number one right now in the political section of amazon. i guess talking about your work on television works. >> how does that compare to "art of the deal." >> i don't know about comparison it is # 117. it still has one star. the ratings aren't that good but she is selling a lot of them. >> maybe donald trump is the one who reviewed it. >> 17 minutes after the hour. no shortage of fireworks and accusations after the first debate. >> you want to improve trans-pacific partnership. >> that is just not accurate. >> you called it the gold standard. >> true or false? we are fact checking the candidates up next.