he had a scar. >> he was the mean guy >> he was the antagonist of the show you still own amazon and amazon is one way we haven't waivered on on this desk and it's not about any of the standard numbers, eps revenue and by the way, they actually missed last quarter on revenue to me it's all about operating margins. if you go back last quarter, operating margins are looking at 5.5% why do i bring that up because morgan stanley in their piece cited exactly that they're getting higher margin businesses which is why they have a $2500 price target and i don't think $1 billion is the finish line in terms of market cap and it's a mild marker & -- >> is it must own? and we ask them in the sense if you believe the markets will go to e in effect be invested in amazon do you have to believe in amazon, as well? >> it is's big part of the nasdaq this is a stock that's up 70% of the year 2000 is up a nice, round number. >> it's want the bull being of their expected $230 billion in sales and to me at some point this wrecking ball, i think we've spent a lot of -- and perceiving it at some point it will be a

they sent shoppers to amazon.f you want this product and you have prime, go to amazon and buy it. >> interesting. once you are on amazon, it's important to get reviews. i know i always look at the reviews. sure, you can get all your friends and families to go on and review, but how do you get thousands of reviews? >> start with what you can and cannot do on amazon. do not ask friends and family to come and give reviews for you. amazon has a policy that states anyone with a financial stake in your business should not leave a review. >> how do you get customers to give reviews? >> one, you have to build a great product. if you don't have a good product. >> of course. everyone needs to build a good product. how do you get them to do it? >> build a brand experience on amazon. a lot of fans miss it from the listing to your photos to your product description to an hansed brand content and product packaging. tell your own story. when you come to them, send them an e-mail and ask for a review. they have a connection to yo

within their catalog they actually have amazon exclusive products that you can only buy on amazon and they also use their website. so on february 12th, two days before valentine's day they knew their shoppers would need the products overnight and they sent their traffic to amazon saying if you want to buy this product and you have amazon prime then you know, go to amazon and buy it. >> interesting. now, let's talk about once you're on amazon. it's really important to get reviews. i know i always look at the reviews. and sure, you can get all of your friends and family to go on there and review, but how do you get the thousands of reviews? >> yeah, so let's start with what you can and can't do on amazon. you should not ask your friends and family to come and give reviews for you. amazon has a policy that states that anyone with a financial interest if your business should not leave a review for the product. of course they're going to leave you a good review. so a lot of people tend to go that way, but just be careful and know what you should and shouldn't do. >> so how do you get your

of the twenty first century and beyond so it seems that these books are a clear violation of amazon's terms of services and the question is really why are they part of it's sort that they're actually offering to the public they sent me sound extraordinary i'd say i am but what about people who town said that these are protected under freedom of speech well i mean in the united states many of these books would be protected under some freedom of speech regulations however as i was reading in the terms of service is there amazon says it does not wish to support this political worldview and it doesn't want these books in its collection but that's actually quite the interesting fact many of them are labelled with the tag ships and sold by amazon dot com which would seem to indicate that these aren't being sold by third parties as amazon claimed with many other devices are not devices but rather are books and what really is quite interesting is while many of these books would be covered by american free speech regulations amazon was more than happy to ship them to germany and the german gov

amazon has the government using products with nazi symbolism from its online store the decision comes off as it was criticized for allowing sales by third parties of right wing paraphernalia have as it says it's blocked several center accounts and is reviewing the status of others imus's regulations bound proxies from setting products promote hatred violence all racial and sexual intolerance. and on use of or to air until tim has been looking in detail at this story good to see so we understand that amazon has removed the offending items is that the end of the story i don't think it actually is you know we read some of those reports today and we decided here in the newsroom to take a look at some of the products you can get on amazon and we're actually quite shocked but we were what we found i mean according to the terms of service amazon doesn't allow the sales of products that promote or glorify hatred violence racial sexual religious intolerance or for more organized organizations which have the similar views and while we're looking at some of these items which were banned we quick

jeff bezos, did you invest in amazon? what a fool i was. you were! but i am amazon? what a fool i was. you were! butiama amazon? what a fool i was. you were! but i am a shareholder today. good you have disclosed that. let's talk about zimbabwe mother front of the independent, many people feel huge disappointment because it started so well —— on the front page of the independent. polling day, it took a long time, long queues, it seemed peaceful and fair and a new era beginning in zimbabwe and then we saw bloodshed yesterday? several things anger me about this, there we re things anger me about this, there were eu and us observers and there is no allegation the observers didn't do theirjobs, while the observers said there were minor irregularities, the wholesale fraud, which is alleged by the opposition, didn't take place. that's not coming from the eu and the us. when the leader of the opposition, nelson chamisa, says on twitter, we won and we will defend it, isn't that going to lead to violence? not necessarily. you're absolutely right, the army should not have opene

let's look at -- amazon and out but. amazon and alphabet. he has raised his numbers by 35% for amazon. for our about -- frau quebec, up 4%. -- for alfa bank, up 4%. where we do not have strength, let's take a look at the retail picture here. was also bad. blaming the under armour shoes. we now see under armour down. it will be interesting to sort that out. -- of a bit of early relief for the bloomberg dollar. jay powell's comments last week, we are looking at two update. the first two-day gain for the bloomberg dollar index in about two weeks. >> that is abigail doolittle. joining us now for analysis on today's economic data is the vanguard level chief economist. he joins us from malvern, pennsylvania. with the pending home sales, the data not necessarily great. how much concern should we have about this weakness we are seeing in the housing market? >> i think it is clearly a disappointment. us thing that has confounded is giving increasing confidence of consumers. we should be seeing a greater contribution to growth from the housing market.

emily: this has been the story of amazon from the beginning, and amazon investors have never cared. but it doesn't mean the stock hasn't fallen 95% before, that's what it did in the dotcom fallout. this idea that because they are so impenetrable, that happens in all manias. people get very short memories. here we sit in san francisco. i live in seattle. these are the epicenters of conversation. it is a seattle business, not a south bay business. if i want to regulate big tech, through advertising. if hosting is what i want to regulate, regulate electricity, because you spend more electricity on things like bitcoin and hosting than anything else. it comes down to price. what can investors make in returns? what i rather take a risk on tech or bet that in 2030, we have the most millennials between age 30 and 40, and the money i make on them buying cars and homes is way easier than trying to figure out if losing 5 billion in content per year can create something better than disney. emily: are you saying you think amazon could fall 95%, that we are on the verge of a dotcom bust or this c

amazon is growing. amazon is amazon.rms of advertising business i think it is advertising business grew 130% in the past year. i think you can see it capture market share. >> is apple tv left behind in the moment >> it is between roku and amazon right now. apple tv is behind for now. >> great reporting, as always. thanks for coming on to talk about it. >> thanks so much. >> so we have 40 minutes to go before the closing bell. s&p and nasdaq both trading at record highs. any gain would be a close at new highs. the dow is up 64 points after trailing earlier about a quarter of a percent. dick's sporting goods playing the blame game for soft quarterly sales which could spell trouble for one athletic wear brand. >>> shares of pot company surging on the back of strong earnings and what the ceo told us last night here on closing bell has the bulls flying. >>> the rally rolls on into record territory. russell 200 index up half a percent. >>> let's check in on stocks to watch. dick's sporting goods partially blaming underarmer fo

and amazon removes nazi branded products from its online offerings the internet sales giant says its troops prohibit the sale of products that incite hatred and violence . the. time had on the home free glad you could join me temperatures in europe a full cost to reach the highest ever recorded on the continent this weekend places in portugal have already broken local temperature records with some areas documenting highs of forty five degrees on a friday now in spain at least three people have died from heat stroke. mercilessly the sun beats down day after day driving the temperatures in portugal to record breaking highs. people do whatever they can for relief. authorities have issued a nationwide health alert and are urging people to take precautions against heat stroke the most important thing is to drink lots and lots of water. i need lots of water something cool and i try to stay at home. easy doesn't stay in the shade and drink a large thing that's are going to the. emergency services are at maximum readiness because of the threat of forest fires last year wildfires killed more

amazon is very big.he government could do something and we cannot have these big companies like google, facebook and amazon do exactly what they want and act as if they are above government and ruin things in the process. i think the government can and should do things we are beginning to see a slight tide turning against them in this way. i'm sure on my companies would not said a swindle anyone out of anything. the broader point you are making which was not tied in specifically to amazon. having dipped his toe in the water in this way, philip hammond, will yet to put his money where his mouth is come the budget? certainly in the short—term there will have to be something that the government can do, can be seen to be doing, to try to mitigate this. in the longer term the government will have to think about why people care about high—street shops going. that is something much broader about community in what globalisation is doing to how people see their village, their town, their city. that is more, the g

world this is right there the logo amazon. is everything from a to c. he's got all this isn't an ad for amazon what i'm saying is that this is the situation we're looking forward into twenty eighteen and twenty twenty because watching i only watch the cable news when i'm here in new york city and in a hotel room and i can watch it and they have no idea what is out there they have no idea what is coming or perhaps like these other billionaires who are like afraid of an apocalypse what. i think what you're seeing from the rachel maddow is she's she's you know she's embodying that apocalypse that fear of the apocalypse that something's coming and they're coming for my class of people my my people so there's i don't think they understand what the voter is feeling and i don't understand i think they i think it's going to be another swell of things where they don't hear since the election twenty sixteen there's a certain group in the media they keep asking the question how did this happen why did this happen how is this continuing t

emily: this has been the story of amazon from the beginning, and amazon investors have never cared. it doesn't mean the stock hasn't fallen 95% before, which it did in the dotcom fallout. this idea that because they are so impenetrable, that happens in all manias. here we sit in san francisco. i live in seattle. these are the epicenters of conversation. tech,ant to regulate big through advertising. if hosting is what i want to regulate, regulate electricity, because you spend more electricity on things like bitcoin and hosting than anything else. it comes down to price. what can investors make in returns? what i rather take a risk on 2030, weveet that in have the most millennials between 830 and 40, and -- age 30 and 40, and the money i make on them buying cars and homes is easier. emily: are you saying you think amazon could fall 95%, that we are on the verge of a dotcom bust or this could happen again? 15 stocks.is narrow, a 15-stock mania. straight out the 15 stocks, take out a lot of market cap and enthusiasm. at the same time, doesn't mean it can't be damaging for equity invest

is amazon competing against anyone?ust heard that amazon is a front runner, that there are other suitors, potentially from the private equity firms and even some other traditional media companies. you are looking in the ballpark of the hundred million. >> thank you. unanswered question after a decade of operation and maybe still away from a public offering, is it still viable? with their huge cash bright, $1 billion in the last year? >> more like $3 billion. this is almost a 10-year-old company. it is valued at almost $70 billion. it has burned cash its entire life. we don't know whether the business model works because it has been funded for growth with outside capital. it has never had to stand on its own two feet. shery: -- amanda: what would it take to show that the model works? they will have to do that before an initial public offering. >> amateur that they do. we are in this -- i am not sure that they do. we are in this environment where investors are so hungry for growth that they are willing to overlook compani

is amazon changing -- perception of e the amazon brand, do you think that can evolve in the other direction? used to be books. now it's a million different things. so if it's taught us anything in the last 20 years, brands can be malleable. they can stand for a lot of different things. emily: brad stone out of bloomberg's global tech unit. thank you so much for weighing in. china, some rare public criticism. state run media rebuked china's most valuable for safety second female a customer was killed allegedly by a driver. has halted its hitch two senior fired executives. coming up, 10,000 dead and one illionle who have lost their mianmar. >> live streaming on twitter, be to follow our global break news work on tictoc. this is bloomberg. tictoc. this is bloomberg. emily: facebook is taking action against military leaders in mean march. should be hey genocide.d for they removed pages that were used to incite violence against minority.m those pages were followed by nearly 12 million people. the e same time, it banned military's commander-in-chief and television network. ome 10,000 people have

at amazon or any employed by them and any. qualify for public benefits. even a possibility i would argue a company that size making that much money where it. is the richest man in the world fifty billion. even if they're a part time worker they should be paid. but what's really crazy is when you look at like the individual states where they are. this research yeah well one of those early years that we didn't have they didn't have sex on every single stage but one of them and so they looked out with arizona and what's really those according to the new food a comedy that just in the state of arizona amazon was awarded roughly four million and subsidies for million and subsidies in the company employs about six thousand people in the save more than eight hundred of those employees were on food stamps and twenty seven thousand that's one in three one in three employees of amazon in arizona have public assistance in order to have enough food to eat well you literally own grown entire grocery chain you literally tote yourselves is the great. now they have a res

amazon was criticized for allowing sales by third parties and right wing paraphernalia i was in says it's blokes several said accounts and reviewing the status of others and this is regulations bound policies from selling products that promote hatred violence or racial and sexual intolerance. you support our until today has been looking at this story in detail. was and says that it's removed the offending items so story over actually i don't think it is i mean yes to amazon's credit they removed many of the offending items many of the nazi propaganda that paraphernalia that was brought up however just with a cursory review of their store today i was able to find dozens and dozens of books that still openly called for well the introduction of the neo nazi ideology throughout the world i mean as you were saying amazon's terms of service has been banned anything that promotes or glorify hatred violence or religious or racial intolerance however we just a couple minutes of research i was able to find books that said things like they were calling for the creation of a pro white government

world this is right there in the logo amazon a to z. it is everything from aig to see he's got all this isn't an ad for amazon what i'm saying is that this is a situation we're looking forward into twenty eighteen and twenty twenty because watching i only watch the cable news when i'm here in new york city and in a hotel room and i can watch it and they have no idea what is out there they have no idea what is coming or perhaps like these other billionaires who are like afraid of an apocalypse what you i think what you're seeing from the rachel maddow is she's she's you know she's embodying that apocalypse that fear of the apocalypse that something's coming and they're coming for my class of people my my people so there's i don't think they understand what the voter is feeling and i don't understand i think they i think it's going to be another stalling thing just where they don't hear since the election of twenty sixteen there's a certain group in the media they keep asking the question how did this happen why did this happen how is thi

are the things amazon will do. they're working on integrating into the point of sale and etting people excited about discounts. i mean, certain businesses like awf have become successes. and look it gives them these ts and physical footprints to do pharmacy which hey're interested in doing to expanding possibilities of the devices. showrooms for a and physical stores is important for that. and and is amazon changing. >> this is -- do you think it can evolve? >> amazon used to be books right? now, it's a million different things. so. >> coming up, does social media play a part in ethnic cleansing of a muslim minority? and be sure to follow our global breaking news network this, is bloomberg. bloomberg. >>> face book is taking action in nst military leaders myanmar. at the same time, television for 10,000 acting with againo sidal intent. and this has opinion going on for years. why now? >> the fact the un has come out folks gives se find of math so . s how facebook was used to incite violence in this case. this musli

however amazon it is confident recognition will be of good use to law enforcement and won't be used as an attack against minorities that is if cops at the confidence level on the facial recognition program to ninety nine percent match it would amazon's general manager argues the members of congress were misidentified during the a.c.l.u. test because the a.c.l.u. used the setting of eighty percent confidence wood said quote we continue to recommend that customers do not use less than ninety nine percent confidence levels for law enforcement matches this illustrates how important it is for those using the technology for public safety issues to pick appropriate confidence levels so they have a few if any false positives therefore of the setting is lower than ninety nine there's a possibility a civilian could be misidentified as a criminal or worse a terrorist many members of congress are now critical of amazon's recognition service writing a letter to bases. saying quote we're requested immediate meeting with you to discuss how to address the facts of this technology and order to prevent

is demanding that amazon remove the service from the market and washington national banks arts. choice picture yourself as a criminal they want to meeting you right now it's time for a quick break right now but hang here because when we return we'll talk with the c.e.o. of vera software todd shipley who gives us his take on what's going on with artificial teligent who's going to world cup profit and how can characterise be stopped from killing the ai golden goose then finally there is something rotten about prices and competition with french supermarkets are to stroll in the bins he explains from paris as we had to a short break here the closing numbers at the bell will be right back. to what we've got to do is identify the threats that we have it's crazy going for indication let it be an arms race move his arms off and spearing dramatic development the only move really i'm going to resist i don't see how that strategy will be successful it's very critical time to sit down and talk. busiest says hun kentucky. we've already proved them for you see you going to three families in t

is demanding that amazon remove the service from the market and washington national banks arts. boyd picture yourself as a criminal they want to meeting you right now it's time for a quick break right now but i'm here because when we return we'll talk with the c.e.o. of vera software todd shipley who gives us his take on what's going on with artificial teligent who's going to help profit and how competitors be stopped from killing the ai golden goose and finally there's something rotten about prices and competition with french supermarkets are too strong to pinsky explains from paris as we head to a short break here the closing numbers at the bell will be right back. global. some people something. they use indigenous people as you know we that the feed in the people the plant trees. mostly and say it's only the beginning but yes the food. and all of a sudden the man just trying to still be there was a time. i said i would enter it in the if they would not allow him. you know should we. fight our hour long a million million indeed i'm daft i'm not picking on you new nominee begin

amazon big name up 3%.his on the back of a very bullish upgrade for morgan stanley going the most bullish on wall street, slapping a 2500-dollar or not stock that would value amazon at $1.2 trillion. also, amazon being boosted by news it is developing an ad- supported free tv service. roku stalling in the session. retailers in focus being dragged lower by earnings from american eagle. that beat on earnings, guidance was soft. dicks sporting goods blaming tighter gun controls and under armour for its underperformance. back to you. liz: great to see you, susan. to this story, they allegedly dreamt of jihad, shooting up schools, hospitals and shooting them up too, becoming a terrorist martyr. they're walking free. a district judge dismissing charges against three of the five defendants in the new mexico compound terror case. not because they're innocent, but because of a technicality. charlie kirk is here to respond into. >> also tonight, more than 100 facebook workers calling out what they say is facebook's q

in terms of amazon's priorities, and of course nobody knows what amazon is thinking, but i want to goput together they want a population of a million people, you've got that. stability and business friendliness, not so well. talent, you've got the work force here, some issues with things like infrastructure and housing and b plus location is c plus again because of the instruct is overall a b is that fair >> no, i'd say location is an a plus los angeles, east coast, new york to london is the most traveled in the world. i think if we didn't have a city here we'd have to build one. and when amazon which is about moving goods look at los angeles where twin ports of l.a. and long beach we're densely populated but we're spread out so we have a chance to test new ways to deliver things on street and air. aerospace is based here, and amazon prime already has a huge investment here. we're confident amazon will grow their investment in los angeles. whether they choose us for hq2 or not, i think it's kind of a connector to this world and connector to this nation >> $5 pillion in investment, $50

more people search for products on amazon than google or anywhere else.is really parsing through all of the thousands and thousands of products on the site if you look at one of the examples used in research, we did a search for 4ktvs, and 4,000 results came up. you basically have to pay amazon to be on a sponsored listing or banner ad. >> here's a problem potentially, seems like amazon is already pushing the third party retailers on its site to use its logistics operation to take advantage of prime and pay them for various different services if they also then have to pay to get their product discovered, will that eventually drive some of them at least to tasks growing off amazon's platform because they're paying taxes to stay on? >> well, i think that's a good question however, i think we're at a point where amazon's reached an escape velocity, and it is hard as a product manufacturer or seller, third party seller to move to a different platform it is going to be very challenging. we think that it is a tax that product manufacturers have to pay. as a res

we will take a deep dive into amazon's impact on seattle next.s is bloomberg. ♪ . ♪ emily: amazon has always been a company grabbing the attention of the united states, but earlier this year, it put the nation in a frenzy when it announced it would be taking bids from cities to host its second headquarters. cities like new york and other well-established tech sectors would compete to be the new home for amazon.even smaller players , like vallejo, california, wanted in. it put a spotlight in seattle where amazon created a home for its workforce. joining us, an author of this latest piece in "bloomberg businessweek." there's a lot of controversy around the idea that amazon could not expand in seattle. so, talk to us about why that didn't happen and what it means for seattle now. >> well, clearly, we are talking about a company, amazon, that just has a tremendous amount of ambition. to make sure that they can deliver on their goals, they are now looking for a second headquarters. really, they have, in many ways, maxed out what they can do here in se

t put a spotlight in seattle where amazon created a home for its workforce.ning us, an author of this latest piece in "bloomberg businessweek." also with us our head of global tech, ned stone. noah, there's a lot of controversy around the idea that amazon could not expand in seattle. so, talk to us about why that didn't happen and what it means for seattle now. >> well, clearly, we are talking about a company, amazon, that just has a tremendous amount of ambition. to make sure that they can deliver on their goals, they are now looking for a second headquarters. really, they have, in many ways, maxed out what they can do here in seattle. i think it's important to note that, when we talk about hq2, so far, amazon has talked about this as being a co-equal headquarters. it's not like they are picking up and leaving seattle, but they certainly are looking for a lot more space. what we wanted to do in this article was take a look at just how they grew so rapidly here in seattle and what underpinned that. really, at its base, it is a tremendous real estate story. em

$2500 on amazon. >> so we don't own amazon. and it was interesting in that report because she uses a sum of the parts valuation. to me, that's not in the -- a five-part sum of the parts reality is who's going to build amazon no one who's going to buy it? no one so i'm not sure if sum of the parts valuation is the right way to look at it. at some point in any company ice lifetime, it trades at a market multiple i went back to the late '90s when intel was trading at $45 a share and had the same arguments. like it doesn't matter what the multiple is. sum of the parts valuation you look at that and intel i think is a great idea now, but it took 20 years to consolidate into a market, swinto a rationa market, investable multiple. i don't know if it happens now, later, i don't know if it takes 30 years for amazon, sorry, i don't know if it gets another 30%, but it could take years for amazon to consolidate and it could just be flat >> yeah, i -- it's tough for me for all of us ton desk to pull the trigger on buying amazon i've bought

how does this compare to amazon offerings?e are still waiting to hear more about -- what amazon is going to be doing with whole foods. when amazon reported earnings earlier, whole foods was not really mentioned. when it comes to walmart and you mentioned they saw e-commerce growth of 40% last quarter. compared to second quarter of last year, walmart saw e-commerce growth of more than 60%. they have returned to 40% on a bigger basis, suggesting a more impressive results. the walton family is the wealthiest family in america. they just became a lot 12 year. anay's stock move has put additional $11.6 billion into well for the waltons. selena: any discussion around tariffs or changing consumer sentiment? emma: they are concerned because it creates uncertainty. there is not a massive effect on consumer products right now. one of the things walmart is transportation and labor costs are pushing up the prices of household items. walmart is known for low prices. they don't want to have to impart increased costs to their customers. that

technically, there's not a case to say that walmart would take over leadership from amazon. take a look at the long-term chart here, and as a starting point, amazon's long-term trend is firmly intact to the upside. is it extended yes. a better entry point is off the 200-day moving average as we've seen here and here and here and here, but i think the relative strength continues to build to the upside so it's really early to make a case that something is changing in terms of amazon's long-term chart and maybe it's extended here and i would rather buy it off the 200-day moving average here and here and maybe you get a pullback and the relative strength is driving to the upside and it's always a mistake to be shorting or betting against established leadership in the bull market and we want to stay long amazon from a long-term perspective and when we look at walmart's chart from a long-term standpoint, it is an attractive chart and it's been a huge trading range and it's 25, 28 years and it's just starting to break out this is the kind of thing that real price chartists love. yo

amazon number 3 at 61% other names we don't talk about, align technology and amazon.q composite is leading major indexes, up under 5% could close higher for the fifth straight time. then the tech spider etf, that's stronger, that's up about 6% so far. and if you look into the action today, chips, interesting both the leaders and laggers for nasdaq 100, we have some upgrades and down grades that's the reason you're seeing split action there if i can point out one outperformer, moving up sharply, brooks automation. this company selling cryogenic business to a swedish company, and that's the reason you see the shares popping higher by 27%, marking its best days in about 18 years carl, back to you. >> court, thank you very much. courtney reagan. >>> the president tweeting criticism of social media, calling into question the legality of regulating content, alleging the process is quote rigged this as facebook and twitter are taking down accounts that violate policies joining us at post 9, the verge editor and chief and jason kebler who published a book on facebook's decisi

. >> a few years ago, the worldt thought buy t was goingo debt amazoned. best buy has been a very positive story for us for the last four or fiv years, at least. it's an example of what can happen to brick and mortar when th unlock those stores and really double down on the stomer experience. >> reporter: serving the tstomer and making it easier to connect technolog consumers' lives is a key part of best buy's strategy going forwuyd. best b continues to grow with free in-home adviser programs and expd i total tech support membership. the retailer also justea purchad t call. it's a company that makess de for aging consumers thaty allows famembers to connect with caregivers and access n.dical informat experts expect that total consumer electronic sales will rein steady, so innovating beyond just selling gadgets is key for best buy's growth. for "nightly business report," i'm courtney reagan. >>> and it was a blowout court for dfw. the company reported record earnings and revenue and raised its full-year guidance. the discount shoeai retailer sd its results w

but how does this compare to amazon offerings?e're still waiting to hear more about what amazon is going to be doing with whole foods. when amazon reported earnings earlier, whole foods was not really mentioned at all. when it comes to walmart and e-commerce, which is another area you can see a direct comparison between the two, you mentioned that they saw e-commerce growth of 40% last quarter. and that was compared to second quarter of last year, walmart saw e-commerce growth of more than 60%. but the fact they have returned to 40% on a bigger basis, suggests a more impressive result for walmart. one other winner here is the walton family. they are the biggest shareholders and walmart, the wealthiest family in america. and they just became a lot 12 -- whole lot wealthier. today's stock move has put an additional $11.6 billion into well for the waltons. selina: what about challenges in the back half, any discussion around tariffs or changing consumer sentiment? emma: they're concerned because it creates uncertainty. but there's no

your income or here's the budget and now what we see is that amazon this huge employer that makes all of this money and gets lots of corporate welfare. and here they are here they are again here they are again they're relying on taxpayers to cover their employees living expenses essential that sort of breaks down to you know rather than pay these employees a living wage where these people can you know afford food without the help of the government well now it's not paying that much let's just let the government fill in the blanks that we won't because we want to make more more more more money because jeff needs to buy a car and then i don't know like you know what more can he buy with that much more than two hundred. the center of legislation is essentially a one hundred project so we you know what it is and you home the centers of such and such a one hundred percent tax on large employers that's equal to the amount of federal benefits received by their low wage workers it breaks down like this if an amazon worker let's say receives three hundred dollars in food stamps amazon the comp

story in the sense who's amazon's customer amazon's customer is everyone. when you look at department stores you say are they catering to the affluent consumer what kind of consumer are they the same thing you can categorize with walmart which has become obvious, similar to amaz amazon, walmart has a universal customer base. when you see that walmart is selling fresh foods. that's the consumer. that's a real story for walmart, when you're expanding your customer base to be more universities along when you're seeing the online sales up 40% that's an incredibly positive story. and it's a story that we all talked about them potentially having and i think it all began when they bought jet.com a couple years ago >> up to 100 bucks a share talk to me about the amazon position that you have >> yeah, just talking about online shopping, online sales up 40%. again, if you look at total sales of walmart, what are we talking about half a trillion dollars? pretty sizable we're talking about amazon still growing its top line in excess of 30% and now it's so much more tha

now amazon is on the brink of joining the club what it'll take to hit that milestone ahead. >>> the clock is ticking for the united states to sign a trade deal with canada the latest on those negotiations as friday's deadline looms >>> silicon valley may no longer be a welcoming place for startups we'll explain why. "the closing bell" starts right now. >>> good afternoon and a very warm welcome to "the closing bell" bell let's check in on the markets. we had a bit of a sell-off there. >> we saw the major averages dip a leg lower on those reports that president trump could impose tariffs on china as early as next week in washington for the latest on what we know on the president's plans with china >> yeah, that's a report from bloomberg which is reporting that the president plans to impose $200 billion next week. once the comment period for the proposed tariffs expires they've been reporting the details for a while that he plans to go ahead and actually impose those duties. there are some conflicting voices in the white house on this i asked sara sanders just a couple of minutes ago about

but amazon has been going pretty much straight up since then. is being powered by three different booster, not one. powered by retail, the cloud and advertising. earlier this year jeff bezos revealed that amazon prime had more than 100 million members. that's a shocking number from a man who never gives specifics if he can avoid it. i shows how entrenched the company is in retail, not that we really need in order proof. when you consider the rapid growth rate, the business could be worth nearly as much as the whole entire company right now let's call it $800 billion, if you want to be conservative. 800 billion. what about the cloud we heard about how amazon services is pulling away from google cloud and microsoft's azure. it's not so much that they're pulling away, it's that they have a fantastic lead and they keep maintaining the lead. the web service division by itself could liz be worth, are you ready? $500 billion so now we're up to $1.3 trillion and then along comes a piece of research today, very thoughtful titled amazon advertising profit

we looked at the amazon market share.arol: last year amazon captured about 5% of american retail spending. jason: is that a lot? it depends on how you look at it. >> 5% is roughly the share of total u.s. retail sales that amazon is responsible for, the products that it sells to americans and that its merchant partners sell to americans. 5% of total retail sales excluding restaurant and bar transactions -- that seems like a lot for one company, but walmart is double that number. it is how you choose to interpret it. jason: i did not know what to think. carol: why is it important to have this discussion? >> there are people on the left and right of the political spectrum, including the president of the united states, who are openly asking if amazon is too powerful and should antitrust rules be used to crack down on this company. we are not antitrust attorneys. it all depends on how you look at the market. amazon has an incentive for that number to be seen as low, for these antitrust critics on the left and right, and also t

lucky for you, mike has a way for you to get into amazon for less than $20.oing to say musician. he's not that either he's not a magician either and he's at the plasma to show you how and a call to action >> we're using a call spread to amazon similar to the structure that we used in apple. the first is as bob was just highlighting the stock is expensive at over $2,000 a share. if urn going to buy a round lot and it's expensive on a valuation basis and we're okay making a bullish bet here. the second bet is the options are also quite expensive and two aspects to this and one on the dollar basis, because the stock itself is, but also usually as stock prices rise the implied volatility comes and we're at or slightly above the means in the last three months or so and finally, we're chasing and we're chasing the stocks at an all-time high. so when you take a look at these three factors, using options and the call spread specifically, right now you can see here we are closing the day basically at the all-time highs in the stock and if you're making a bullish bet h

so you've seen twitter demolished and google not demolished and amazon not demolished and amazon is a we're not talking about that, facebook, flat they've got the cerebral content that they need in front of these politicians so i think the worst is over, quite frankly >> worst is over >> not for google. >> take a look at basically facebook's multiple here which is the exception and cheap if we can talk about gap versus non-gap and obviously, we're taking a look at what their forward earnings are and the way they report them right now and the company does look cheap which suggests that the bad news is baked in. twitter and alphabet i don't think have the same kind of exposure that facebook does. it's no surprise to me that folks on the hill didn't understand how these businesses work and they don't understand the nuances. >> that's what he said we run ads, senator. >> so here's the thing about facebook twitter or google. twitter could have a whole host of problems. >> the censorship issue is one that has not been addressed in front. it was down 2% and, and i thin you go back 20 years a

if investors say, amazon has only 5% of u.s.l sales, and a significantly smaller share of global retail sales, look at how much amazon can go in growth if it is a $900 billion company now. jason: from an online perspective, their market share is massive. 49%. carol: huge. >> they are talking about half of everything people buy online. carol: directly or through third-party. >> amazon sells itself out of its own coffers. or acting as a middleman. jason: it is also about the growth rate as well. it is 5% now, but 25-30% topline growth every year. >> that is where they have been trending recently. if you look at how americans buy things, 90% of all purchases people make, from lumber to aspirin, 90% of those sales still happen in a physical store. amazon does not really touch that 90% spending for now, apart from its whole foods grocery chain and a handful of bookstores it owns. we can see where things are heading. people are buying more things online. literally everything. plays to amazon's strengths. jason: the sanctions-hit econo

the only bowl argument i can hear is it is a baby amazon. in the reality, it is anti-amazon. a wonderful hedge to be short on wayfair. as amazon stock started to increase, when their earning started to increase, the difference to that, as you saw from the chart, is wayfair's were going lower as a stock is going higher. that is a function of the market. don't think it will last long. i don't think the market has to correct for this for wayfair to correct. lisa: i think you raise an interesting point. people are seeing another amazon in wayfair in that they can keep spending money and losing money but they are growing their sales at a fast -- fast rate that it will become a dominant player. what do you say to them? why is wayfair the anti-amazon when it is trying to sell online and this intermediate some of the restoration hardware's? andrew: it has -- amazon has shown the ability to scale. wayfair has not. they are consistently buying customers. that is directly -- if you look at the charts, for the growth of the earnings. will sacrifice bottom line for topline and continued t

amazon has been hugely controversial in terms of tax in the uk. report, amazon has paid £1.7 million in corporation tax in the uk. it is of the lowest bill in five years. the point of the story is, the uk high street has been suffering. we have seen so street has been suffering. we have seen so many street has been suffering. we have seen so many shops closing down, diminishing the number of stores. amazon is getting bigger and bigger and yet the government is not seeing the benefits. it is a policy failure. you cannot have a company fast on the heels of apple not paying their tax. they can afford all offshore tax protection is and lawyers to work international law to their advantage which the average person on high street, averaged businesses cannot afford. amazon says it pays all tax in all countries where it operates. it is based on profits not revenue and save their profits is low. they would say that. in the sense that they are going to work within the law. that is why it is a policy question. what is the british government doing to counterba