with amazon. we've also seen troubling reports in the "wall street journal" detailing amazon's use of third-party sellers' proprietary data to develop and market its own competitive private label products. "the wall street journal" also reported last week that amazon's venture capital fund uses meetings with unsuspecting start-ups to gain access to secret information and financial details. amazon then reportedly used that information to launch competing products, often disastrous results for the original start-up company. there are many examples of this behavior, but one allegation in the journal's reporting sticks out in particular. in 2011 amazon contacted an inventor about the possibility of investing in speech technology. the founder accepted the meeting thinking this was the company's big break. after displaying localized microphone technology and disclosing engineering data to amazon employees, the relationship came to an abrupt halt. amazon employees allegedly stopped responding to e-mails

there was no amazon? because we talk a lot about how, winners and losers. if there was no amazon, like, what exactly would we have done? what would have happened to the economy? melissa: i would have spent spea lot less money. >> at the risk much being a contrarian, when i was a very little boy the department store in chicago, marshall fields delivered anything you wanted them to deliver directly to your door. i'm not minimizing what amazon has done. i have just think it's a little silly to say we wouldn't get home deliveries if it weren't for the blessed amazon. david: we should count our lucky stars. melissa: i had no idea adam was that old? >> i am well-preserved. melissa: okay. let's go to lauren simonetti. right now looks like we have the second quarter numbers out of alphabet. parent company of google. lauren: guys, another massive beat. earnings per share, 10.13 versus estimate of $8.21. big beat on revenue too, $38.3 billion in the quarter compared to 37.37 billion. so, again, one of the big tech

it would grow back again in 40 years it's not easy to destroy the amazon it's very strong all the amazons not going to die will be dead 1st. birthday party at the gomez's house the farmers here are doing well they have cause to celebrate. at last they have a president who represents their interests. they all moved here from other parts of brazil. that most arrived during the dictatorship when the hunter hatched a plan to colonize the amazon. the generals claimed the rain forest provided foreign powers with avenues to invade brazilian territory. underboss noro the knives have been sharpened his talk of foreign powers using the fires as a pretext to interfere in brazil sovereignty has fueled decades of nationalist paranoia sit down well we live in a wealthy state that is persecuted by all kinds of n.g.o.s by bad mouth us brazilians accusing us of burning down the amazon as he later became a mouse like you guys just defies i.q. of course by foreign countries adjust after our riches our mineral resources. there are always fires in the amazon at this time of year in summer the dry season this

for the amazon files are a direct consequence of the forestation. we here to colonize the amazon. think we've been to produce. them not now with enough build up of our rain forest isn't being destroyed or consumed by fire these are all models spread by the media i mean to. me. brazilian president joe your boss in our says the rain forest is intact. but it's not. even after he temporarily banned the use of fire to clear land slash and burn agriculture remains commonplace. amid a greed for property profit and layer environmental protection has fallen by the wayside even though science shows that the rain forest is indispensable to humankind. its tree store huge volumes of carbon dioxide and generate rain. was available coordinates of deforestation mapping initiative map your mass. but the way they are muslin of up water might rain forest releases more moisture into the atmosphere than the biggest and most water rich river on earth the amazon. what you need a ship's idea but about what i want you how much energy would you need to evaporate this amount of water you would need 6 months

a major tributary of the amazon. alessandra is a 35 year old window to cool activist who left her village to study in the city. she's studying law and sent out i where the top i just flows into the amazon. on weekends when she can take time off from her studies and family she visits the window to cool villages. the lumber mafia soil barons and gold diggers have made life hard for her tribal brothers and sisters. she has just been to germany where she spoke to a huge gathering at berlin's brandenburg gate on world climate day. i think she's eager to share her experiences. about. 30 knots of people suppose us a moment to get in to the one. tons of kids their kids and young people. moved as they know many don't have a clue about what's happening here in brazil in the amazon they've only heard about the fires that are know that the fires are set by invaders that they're full. but i sundra heads back towards. our next stop is. where the more dooku are being driven from their ancestral lands by swipe plantations here in pl

for the amazon fires are a direct consequence of the forestation. we here to colonize the amazon. think we've been to produce. now not know with the build up of our rain forest isn't being destroyed or consumed by fire these are all lies spread by the media i mean. brazilian president joe your boss in our says the rain forest is intact. but it's not. even after he temporarily banned the use of fire to clear land slash and burn agriculture remains commonplace. amid a greed for property profit and land environmental protection has fallen by the wayside even though science shows that the rain forest is indispensable to humankind. its tree store huge volumes of carbon dioxide and generate rain. was a bit of coordinates a deforestation mapping initiative map your musts. they are muslin of up one of my rain forest releases more moisture into the atmosphere than the biggest and most water rich river on earth the amazon was what you needed idea but about what it was how much energy would you need to evaporate this amount of water you would need 6 months worth of the entire world's energy

it would grow back again in 40 years it's not easy to destroy the amazon it's very strong all the amazons not going to die will be dead 1st. birthday party at the gomez's house the farmers here are doing well they have cause to celebrate. at last they have a president who represents their interests. they all moved here from other parts of brazil. most arrived during the dictatorship when the hunter hatched a plan to colonize the amazon. and the generals claimed the rain forest provided foreign powers with avenues to invade brazilian territory. underboss an r. o. the knives have been sharpened his talk of foreign powers using the fires as a pretext to interfere in brazil sovereignty has fueled decades of nationalist paranoia as it doesn't work we live in a wealthy state that is persecuted by all kinds of n.g.o.s by bad mouth us brazilians accusing us of burning down the amazon as he later became a masonic face just defies a key of course by foreign countries adjust after our riches our mineral resources . there are always fires in the amazon at these time of year in summer the dry season t

so amazon bought it. after buying your leading competitor here, amazon cut promotions like amazon.mom and the discounts it used to lure customers away from diapers.com and increased the price of diapers for new moms and dads. did you sign off on the plan to raise prices after amazon eliminated its competition? >> i don't remember that at all. >> thank you. >> what i remember is that we match competitive prices and i believe we followed diapers.com. i can tell you after we bought diapers.com, we put -- >> just moving on. i'm sorry. so you said that amazon focuses excessively on customers. so how would customers, especially single moms, new families, how would they benefit when the prices were driven up by the fact you eliminated your main competitor? >> i don't agree with great respect, i don't agree with the premise. at the same time, you should recognize in context diapers -- [ overlapping speakers ] >> i'm sorry, mr. bezos, i need to push on. the evidence suggests that the predatory practices weren't un

so amazon bought it. after buying your leading competitor here, amazon cut promotions like amazon.mom and the discounts it used to lure customers away from diapers.com and increased the price of diapers for new moms and dads. did you sign off on the plan to raise prices after amazon eliminated its competition? >> i don't remember that at all. >> thank you. >> what i remember is that we match competitive prices and i believe we followed diapers.com. i can tell you after we bought diapers.com, we put -- >> just moving on. i'm sorry. so you said that amazon focuses excessively on customers. so how would customers, especially single moms, new families, how would they benefit when the prices were driven up by the fact you eliminated your main competitor? >> i don't agree with great respect, i don't agree with the premise. at the same time, you should recognize in context diapers -- [ overlapping speakers ] >> i'm sorry, mr. bezos, i need to push on. the evidence suggests that the predatory practices weren't un

that is what amazon does. censorshipt, on your argument, marsha blackburn, republican senator from big teche, tweeting " frequently sensors conservative voices. reform."30 is ripe for nora, independent, good morning. go ahead. caller: i was noticing the other day on my cell phone that i just got, it had a list. agree to allow third-party countries all over the world to have access to my posts,emails, facebook , andthing in the world that is none of their business. we are the united states. we should not be able to be accessed by all these other foreign countries that we are not -- we do not get access to their stuff. japan done been proven and china blocks us from seeing anything they do online, so why should they have access [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2020]

how to quantify amazon it's the largest online retailer in the u.s. by a long shot easily eclipsing competitors like walmart and e-bay it's estimated that 6 out of 10 u.s. households have a prime account. it also overshadows china's biggest players amazon raked in $280000000000.00 in revenue in 2019 almost 4 times what ali baba and j.d. dot com did but it's not just sales that separates amazon it's early embrace of technology put it well ahead of its competitors. they are the most advanced sophisticated corporation we have ever seen in terms of taking big data. artificial intelligence and machine learning and integrating. tools into our own lives and they're just starting that's what a lot of people do not realize amazon's relentlessness has a darker side to its tough corporate culture its low tax payments and its dominance over smaller retailers have all sparked criticism. the future is bright however the coronavirus pandemic has boosted the company's outlook. we expect taishan is that amazon will benefit from this in the long term because even after

amazon is a trillion dollar company but amazon customers are not guaranteed that the products purchased on your platform are authentic. amazon acts like it is not responsible for counterfeits being sold by third party sellers on its platform and we've heard that amazon puts the burden and cost on brand owners to police amazon's site even though amazon makes money when a counterfeit good is sold on its site. more than half of amazon's sales come from third party seller accounts. why isn't amazon more aggressive in insuring that counterfeit goods are not sold on its platform and why isn't amazon responsible for keeping all counterfeit products off of its platform? >> thank you. this is an incredibly important issue and one that we work very hard on. counterfeits are a scourge. they are a problem that is not, does not help us earn trust with customers. it's bad for customers, it's bad for honest third party sellers. we do a lot to prevent counterfeiting. we have a team of more than 1000 people that does this. we invest hundreds of millions of dollars in systems that do this we have somethi

for people that want to help out or be a part of fighting back for the amazon is amazon. watch dot org the best place to go. amazon watch dot org and on the chevron case there's a site called make chevron clean up dot com where you can take an action right now directed at the us congress and justice department specifically related to what they're doing to stephen dunn is here because this persecution of human rights lawyer is it is a dangerous precedent for anyone who's fighting corporate power whether it be chevron or black or any other group so we really need to rally together to protect his rights in order to protect all of our rights to fight back. absolutely thank you so much paul thank you for if you go to a quick break but really fast i want to let you know that the full redacted tonight episodes are available on the free streaming app portable t.v. it's at portable dot tv slash download all the segments of our shows will still be available at youtube dot com plus redacted night but for the full episode and special content go to portable t.v. also you can join our

either they give up access to the online market or don't so there were this on amazon and amazon takesusiness. we found that the fees have grown to 30% committing $30 of every hundred dollars the small business earns and most small businesses crash and burn on the site and that they are failing. these companies have amassed a good amount of wealth and power and that means that we are seeing more and more inequality, if and fewer people able to make a decent living because of that power. and i assume you agree with one of the lawmakers we saw questioning google who said at one stage you identify competitors and then simply crush them. that's radical these companies have all engaged in acquisition spree, they have been buying tonnes and tonnes of companies, small companies until someone comes along of companies, small companies until someone comes along with a good idea and they buy it the case of amazon we and they buy it the case of amazon we think of amazon as being this incredible and effective company, and maybe it was at one time, but many of its dominance now is driven by being ab

>> we don't compete with amazon. our merchants compete with amazon we think the future of commerce to survive and thrive it needs to be in the hands of many not the few. we like a future of retail that looks like many, many, many small businesses not single companies. >> when we consider the themes of 2020 particularly because of the covid, do you think you've seen such fast growth because just typical shoppers have gone online or because you've also seen people who may be forced into a situation decide to start a business all together in the way they stayed safety of their job they may never have taken that risk? >> certainly entrepreneurship is on the rise. as i mentioned earlier entrepreneurs and small businesses will be catalyzing factors to get the economy back on track that being said, i think there has been increased demand from consumers and consumer preferences have changed they do want to buy direct from brands we've seen that. direct to consumer as a trend has been around for a while. it should have been s

amazon did guide a little bit higher.net sales, a little bit higher, above the midpoint range of estimates of analysts surveyed by bloomberg. q3 operating income, $2 billion to $5 billion. estimate is for $3.04 billion. for the q2 numbers, they beat on net sales, eps by a pretty wide margin, $10.30 on eps. estimate was for $1.50. they really knocked it out of the park. amazon web services, if there is any area of concern, this could be it. the estimate was for 11.1 billion. that still represents about 5% growth in the quarter. growth still there but not necessarily a strong. a lot of the metrics with regards to some of the online shopping, grocery deliveries also up pretty strongly. covers amazon for us down there at bloomberg intelligence. he joins us on the phone. what is the first thing that jumps out at you? jitendra: i think that the q3 guidance was a big surprise. especially on the cost side. $4 billion the impact expected in q2, they overcome that with better profits. but they are seeing that impact tapering. that

the trust customers put in us everyday has allowed amazon to create more jobs everyday has allowed amazonorejobs in the united states over the past decade than any other company. hundreds of thousands ofjobs other company. hundreds of thousands of jobs across 42 states. other company. hundreds of thousands ofjobs across 42 states. amazon employees make a minimum of $15 an hour, more than double the federal minimum wage and we offer the best benefits, benefits that include conference of health insurance, retirement and parental leave that includes 20 weeks of paid maternity leave. more than any place in earth, entrepreneurial companies start, grow and thrive in the us. we nurture entrepreneurs and start—ups sta ble nurture entrepreneurs and start—ups stable rule of law, the finest university system in the world, the freedom of democracy and a deeply accepted culture of risk—taking. of course this great nation of ours is forfrom course this great nation of ours is for from perfect. even course this great nation of ours is forfrom perfect. even as course this great nation of ours is for from

i want to bring in our guest. -- workedfor amazon for amazon for 10 years and helped it to launch its business. melissa, great to have you. we would love to hear your high level takeaway from amazon's notlts, a company we have seen big profits from, despite the money they make. what is your take? yeah, it is pretty insane. it was their largest quarterly profit in their history. i was surprised. prioritizedit, they essentials, hand sanitizer, toilet paper, the grocery business grew. they sold a lot of stuff. on the call yesterday, they said it came from a reduction in marketing, so they did stop spending on google search for 12 and other things. business grew faster than the other business, and it is much more profitable for amazon. aws, of course, is very profitable as well. the other bucket, usually advertising, that group 41%, in-line with the advertising data we are seeing from our clients as well. dip,w that take a little either in april or may, depending on where clients were in their lifecycle inventory, but it was driven by inventory out of stock and a dip in advertising, and c

look, amazon has 39% of online shopping, it happens on amazon. google and facebook have a grip on line advertising. apple has its app store and the fee that is it charges people too. so there is definite economic cone constraint arguments to be made. they say they are fonts of innovation. a lot of their products are free to consumers. consumers choose to go to google. i'm not really sure congress has, congress is dealing with antitrust laws promulgated in 1890, 1914. these are long time ago laws meantme tot t t assdd dreomssiny en upenow sortf ol oompanies addressedrdrd. e lesseee aere a a a going t beb gotoin bg eing e lit atlitit hao yap tploapplheapseplheomhe comea .nedpp wenicrosoftrosoft t tbuybuhe bheehe har to t t apy to t t ces.. o,hi qhiuesthiiouenio o o wha n nt nt andnd how h f getss bsack bacthe mt on. wh awhrewhrewh sreck ssreck contio up. because i think the stock market has digested that. neil: you could be right. i know this is the subcommittee of the house judiciary committee. as you recall, john, yesterday, things goat a little

is violence like this, and the amazon? --common inmazon? the amazon?violence like this is common this is complex because it tells about different indigenous fighting together. on one side we have this group. their goal is to protect their lands. it is other side something more complex that has bad conditions of living. amazon the people in the like it. this is the paradox. it is a rich national treasure but it is really poor. they told me they knew the other indigenous passenger and he was collaborating with this group of illegall loggers inside thee reserves. patrolling.g cleanly passed by -- when he passed by he was on a motorbike. they started screaming at him. calling him bad names. that was the moment when it started. what happened then, they released him. out from the reserve the day after we received shootings. people shoot against us. we did not know from where. probably what the guard told me was these men -- >> it was a retaliation. >> what they do is really dangerous. >> he described it as a new far west. i wanted to touch on the fact your p

emily: let's talk about amazon.ow that amazon demands for e-commerce has been off the it comes to antitrust issues. jeff bezos is the only when we have not seen testify on capitol hill. we have seen the three other ceos appear before congress. how do you think that potentially changes the story for amazon? daniel: i think the amazon narrative is going to continue to be one where they are trying to bring a lot of value to their customers with prime, there is the marketplace that enables sellers, and really a much broader group of men and women, small businesses around the world to participate in their ecosystem. even though that will be jeff first time in front of congress, i don't begin it changes the narrative. we have the amazon web service, which has become instrumental. amazon web services has become a key part of their infrastructure. there is a lot that remains attractive over the next 2-3 years with amazon. but they are going to have to respond to what the government is looking for. areeneral, whether they ab

jason: not for amazon.e press reports are accurate the area antitrust are digging into is the use of data for third-party vendors to influence what amazon sells as a first party product. that is not even on the buy side's radar screen. if that is where the regulations land, i think it is a big nothing burger. tom: one final question. i will not do a lot of math but there is a way you do a logarithmic extrapolation of any blue-chip stock. inr target is somewhere 2021, maybe early 2022. douglas kass talks about amazon 5000, which is obviously out further. your critics would say all you are doing is extrapolating out the 10 year trend of amazon. are you above that extrapolation or on it? jason: i do not know if i am above or on it, but i can tell you the analysis we are doing is looking to make sure the growth at amazon does not slow. if the growth slows -- as long as you have ample headroom and e-commerce and these other verticals amazon is pursuing, i do not think the growth is going to slow. i can give you

amazon over other sellers? >> i think, directly or indirectly i'm not sure, but indirectly i think the buy box disfavor products which can be shipped with prime. especially if you're a prime member, the buy boxes trying to pick the offer. if we have multiple offers from multiple sellers for the same item, the customer wants to buy that item. the buy box tries to pick the offer that the customer we predicted would most like. if you are a prime member, and includes if the item is eligible for prime. >> thank you mr. bezos. i think my time has expired. >> before i recognize our last two colleagues, i think mr. zuckerberg would like to clarify something for the record as well. >> chairman, thank you. in response to congressman johnson's question, i said i was not familiar with the facebook research app. i wasn't familiar with the name for it, but i want to be clear that i do recall that we used a app for research that has since been discontinued. i would be happy to follow up with his staff on any more details than

noting that they trust only their doctors and the military over amazon to do the right thing. indeed, guys, that is why this moment is different than big tobacco in the '90s or banks reckoning after the financial crisis consumers like getting their stuff delivered to their door in just a few days. most don't fuss because google is the search engine because it works. the cracks are starting to show. that's why we're here. amazon still has a counterfeit and price gouging problem, access to third party merchant and cloud data raises questions about its own competing private label products and many google users they don't know any other way because the search engine directs them to google products. as you noted, guys, this is bezos' first time testifying but his prepared remarks make it very clear he is ready as for pichai, he was grilled back in 2018 on privacy and china. he is no newby here. back to you. >> deerd rarks so interesting here you're right people really think of these two companies as utilities they like them they use them all the time we mention in that interview wi

amazon is not there yet.goes to lose some ground there on the same day sales but again, for amazon, their expenses were heavy in the second quarter. i don't think we will see that going forward. e-commerce is here. at the expense of the small businesses, unfortunately. but we will continue to see outsized growth for both the cloud and also for e-commerce sales. cheryl: you mentioned google. i want to ask, again going back, we heard from the ceos yesterday, now we will hear from the companies, what did you make of sundar pichai's testimony yesterday? he had a lot of questions about their work with china. >> i think this is a big argument, a defense a lot of these tech names will have to make. i think some of these companies have been too easily swayed to do business with china without demanding china agree to certain stipulations in regards to human rights, in regards to privacy. i think they've got some challenges there. but as a stock, you know, from an earnings standpoint, i think ad revenue will continue t

look at amazon versus apple versus microsoft here to yo you have amazon leadn the way. apple and microsoft have more price history, but all three of them going back to 1997, we can't even see the other two lines. in fact, this is very humbling for all of us. $10,000 invested in 1997 in amazon is worth 32 million so the final chart this is the chart of amazon. i've got several annotations you see those flat lines, four of them? amazon has had three distinct periods where it went sideways and thing a big breakout you see the second instance from 2013 to 2015 and breaks out and of course this most recent instance where it was flat from 2018 to 2020 and broke out after each breakout we see a percentage game. that was up 315% all you have to do is advance 25% from here. that would take you to around 4,000 a share, which would be the $2 trillion mark so of these three, it's anybody's guess. it's a horse race. my guess, i'm betting on amazon. >> technically, carter, at the beginning of this new move higher started when? >> two and three years after consolidati consolidation. w

and our approach is working. 80% of americans have a favorable impression of amazon overall. who do americans trust more than amazon to do the right thing only their doctors and the military the retail market we participate in is extraordinarily large and competitive. amazon accounts for less than 1% of the $25 trillion global retail market and less than 4% of u.s. retail there is room in retail for multiple winners we compete against large established players like target, costco, kroger and, of course, walmart, a company more than twice amazon's size. 20 years ago we made the decision to invite other sellers to share in our store, to share the same real estate that we spent billions to market and maintain we believe that combining the strength of amazon store with the vast selection of products offered by third parties would be a better experience for customers, and that the growing pie of revenue and profits would be big enough for all. we were betting that it was not a zero sum game. fortunately, we were right there are now 1.7 million small and medium-sized businesses sel

it was a huge opportunity for names like amazon and shopify. what is priced in is winners and they need to prove it. i think that is what you're teasing out. and the digital presence names, and names like wix, and businesses in the cloud, microsoft, google, amazon, ibm, a series of companies. they should be seeing the demand but they did temper some of those expectations >> they, mark. how are you? i'm wondering what you're expecting in terms of profit from amazon. last quarter they said they would pour all four billion of them that they expected back into the business. seems like the street is still expecting amazon to make some money. do they have to? now that amazon is so much bigger, do they care about notching profits at the company? >> i think they do i think we're at a point now, i think it has been a case for the last two or three years. they have a real impact. both of those are higher margin segments it is a great makeshift story across all of technology there will be an expectation of being able to generate consistent sustainable ris

amazon just on a tear.at the white house, if we can, where this hour, vice president pence is hosting a coronavirus task force meeting with the department of education. he's expected to hold a news conference later this hour when to reopen schools is a big issue right now. >>> but first, i want to get back to this sound bite, if we can, from congresswoman ilhan omar on the economy. roll that tape. >>> as long as our economy and political systems prioritize profit without considering who is profiting, who is being shut out, we will capitulate with inequality so we cannot stop at criminal justice system. we must begin the work of dismantling the whole system of oppression wherever we find it. ashley: dismantling. all right. let's bring in charles payne for this, mr. american dream himself, and of course, host of "making money" on this very network. charles, i know you've got a lot to say about this. have at it. charles: i do, and ashley, one of the things i always wonder is like okay, when you dismantle this

company mobile devices now amazon says that e-mail which was sent as an alert to thousands of amazon employees was a mistake in the now retracted e-mail amazon had stated this quote due to security risks the tick tock app is no longer permitted on mobile devices that access amazon e-mail if you have to talk on your device you must remove it by 10 july to retain mobile access to amazon e-mail at this time using to talk from your amazon laptop browser is allowed so joining us now to discuss all that the west coast investigative journalist fence one all right ben so when amazon speaks we know the whole world listens what were some of the immediate fall out problems from the original e-mail. yeah regionally when there's e-mail went out obviously everybody jumped on it to us senators reid tweeted josh holley the republican senator from missouri said it was time for the u.s. government to follow suit and do what amazon was doing but of course within a couple of hours amazon backtracked and released a statement i want to read to you what they said then they came out saying this morning's e-

to india and amazon is at the forefront of indian it out in the country so if amazon has actually managed to get him and nods and. be biased against her presence and or has been instrumental in getting small businesses. i wouldn't be surprised if there has not been given the annoyance to not even they are also given the fact that we want syrians in india their religious the in some below 98 in the us in the us is our breaking them just happened in the last decade or innings. amazon is literally building out the market even in that sense so if these and haitians threats it just highlights how stupid is this intrusion. but the for india particularly there's also the security situation as well when it comes to big tech let's take the case of blackberry a few years ago web where they wanted say the indian government wanted access to blackberry service blackberry said no and that very disappointed disappeared in the country as a result where do you read it where it is the indians and figure their security versus freedom comes into this comes into play. this is this has been an ongoing debate i

that is what amazon does.ensorshipt, on your argument, marsha blackburn, republican senator from big teche, tweeting " frequently sensors conservative voices. reform."30 is ripe for nora, independent, good morning. go ahead. caller: i was noticing the other day on my cell phone that i just got, it had a list. agree to allow third-party countries all over the world to have access to my posts,emails, facebook , andthing in the world that is none of their business. we are the united states. we should not be able to be accessed by all these other foreign countries that we are not -- we do not get access to their stuff. japan done been proven and china blocks us from seeing anything they do online, so why should they have access to anything we do online? host: ok, nora. the new york times editorial board begins their peace by writing "the challenge for the committee will be to establish whether these tech companies operate as illegal monopolies in certain domains such as online search for google, online marketplace

amazon may have profited from them. about this is how easy it is to land on white supremacist material, without me ever having typed in anything to do with white supremacy. we need to demand that the companies that are providing these algorithms don'tjust sort of say it's the algorithm's fault, it's not our fault, they need to constantly be on top of, what is their algorithm recommending, and making sure that they are fine tuning it so that people cannot game the system or, worse yet, that somebody who is just on the periphery of some extremist movement doesn't get deeper into that movement and its subculture because the algorithm took them there. these symbols matter. they are the emblems of the extremist, racist far right. the christchurch shooter, for example, wore these two symbols. there's lots more i could show you on amazon, but let's take another example, this time, the kkk, the ku klux klan, from another online retailer, wish. now, wish doesn't have any explicit kkk merchandise but it does have this old 1960s c

with amazon there could be a focus on labor given all of the controversy about amazon warehouses in the pandemic. you can expect jeff bezos to highlight the record amount of hiring that amazon has done the last few months. it is a huge american employer and that is certainly something the lawmakers are going to want to hear. going into this, you can assume that the lawmakers have been hearing it from both sides. we know the companies have done their best to lobby and turn over voluminous amounts of documents. i am told millions of pages of documents stating their side of the story. we will also -- we have also heard from those on the opposite side. folks like the ceo of spotify and epic games, the maker of fortnite. i have interviewed these people in the last days and weeks. they have accused apple of being a monopoly. of apple and google being a duopoly. calling these big technology companies un-american. i do think that a lot of people do not understand the scale of these companies. almost half of the worlds population is on facebook. there is not a real question how much power the co

a new company with, like, five people should have, not amazon.amazing >> i agree, kelly, and we are getting amazon packages at my apartment. like i said last week, it feels like almost every other day at this point i'm curious to see how much continues to change post-pandemic. we're leaning so much on amazon and e-commerce right now it feels like the safe thing to do you're not necessarily going out in stores and seeing other people in person once you get into the habit of just relying on this company more and more, i think this is likely here to stay. i mean, i'm willing to wait a little longer to get something else in just because of the convenience factor >> maybe we'll have pent-up demand for wandering on main street again, if there's a main street left. >>> let's talk about coffee wars starbuck's is getting a nice boost on the street, kate, analysts saying they're more suburbs focused, saying there's 24% upside i guess they're more suburbs focused than dunkin' >> they talk about the flexibility that starbuck's has. they have this massive awa

today marked the first timeef amazon ceobezos has bezos founded amazon in 1994.th more than $1.5 trillion, and accounts for 38% of all online retail sales in the u.s. he defended that growty. >> we compete againstis large, estad players like target, costco, kroger and of course walmart, a company more than twice amazon's size. 20 years ago, we made the decision to invite other sellers to sell in our store, to share spent billions to market,ate we and maintain. amna: tim cook took over at apple in 2011. today, it's the most valuable company in the world, at $1.6 trillion. in the hearing, cook portrayed his massive company as an underdog >> our goal is the best, not the most. in fact,we do not have dominant market share in any market or any product categor where we do business. amna: mark zuckerberg founded the social networking site facebook in today, more than 3 2004. billion people use facebook-owned platforms at least once a month. and it's worth $665 billion. ockerberg called the grow apps like instagram, "an american success story." >> it was not a guarantee

or by amazon.hat did you make of that? ben: i thought it was fascinating, particularly on the issue of accessing the data of specific sellers. floated the question again and again, that he thought the company might have lied about it. basically, it was the main thing that bezos must have prepared for, and that that was the best he could offer was really striking to me. investigationat hasn't progressed very quickly or if it is turning up stuff. it is unclear, but i think the fact that he knew he couldn't deny it was really telling. bias, anti-conservative definitely a concern among republicans. lots of fire directed at alphabet's sundar pichai and mark zuckerberg on that account. tim cook somehow managed to avoid the toughest line of questioning. what was your take? bias was-conservative something the republicans really hammered on. they made this clear in the days leading up to the hearing, in memos, that they wanted to talk about this first and foremost. of course they are going to go out there a