amazon's c.e.o. of worldwide consumer business, jeff wilke, touted the robots last year. >> the robots change the work so they allow us-- people don't have to walk as far, which is a complaint that we've heard in the past. they make the job safer. >> reporter: but amazon's own records don't back that up. overall, warehouses with robots actually had higher injury rates. in fact, the rate of serious injuries at the most common type of fulfillment center was more than 50% higher at robotic warehouses. workers and former safety managers have told us, robots increase the speed of production, so employees have to go faster. this can lead to repetitive stress injuries and safety shortcuts that result in accidents. and amazon has insisted that injury rates do not go up during its busiest shopping times-- prime day and the holidays. last year, amazon told us, "the rate of injury has historically decreased or beestable during these two times." that's false. according to amazon's own records, injury rates have

i would say it is kind of similar with amazon. do we love everything about amazon?ere's about 2% we don't love, but we love almost everything. 98% is a good marriage and amazon is working out great for us. we're a much better company today than we were pre-amazon. david: so, amazon is about getting people to buy things and shipping to their home. you've been about people to come into their stores and buy things as they look around. is that a different kind of culture, and how has it worked out in that respect? john: there's overlap in the cultures. we're both very customer-focused. but one of the things amazon has done, which has been fantastic, and one reason the merger has worked well -- they respect our culture. they're not trying to change our culture. our culture is changing because we're taking on lots of attributes that amazon has, but they are not forcing us or coercing us. we're doing it voluntarily to make our company better. so, that's why we're evolving, but i think in a healthy, constructive way. people ask me, hey john, if you could do it all over agai

amazon is the big one. amazon's numbers are just coming out. in the third quarter, amazon already reported $96.1 billion in sales in a quarter. that is comfortably above the analyst estimates. they were supposed to be up 32 1/2% it were around they blew through that, looks like. with a net profit of $6 billion. on the eps side, we'll get back to it in a moment. comparable to analyst estimates. then to lauren, probably, scott martin, on that, 96 billion-dollar quarter from a company really kind of epitomized how you, for lack after better word thrive or take advantage of the situation we've all been dealing with for the better part of this year. >> epitomize how you will survive your life maybe to get through all of this? i love the way you kind of analyzed or i guess commentated on the number as far as top line revenue, connell. give or take another couple quarters this, company, boys and girls basically making in a year maybe half a trillion with a t dollars when they're all said and done what they're doing right now. that really speaks to how

you have written a book about amazon and are writing another book about amazon.ntingent selling its own products on its own marketplace. if that is disruptive, how far-reaching with the implications be? brad: right. it is a bit more than that with respect to amazon. i think the most effective parts of the report pertaining to amazon is really kind of describing how the company engages in what's the report .alls bullying suspending sellers without notice, requiring them to , forcing them into deadlines, which would prevent them from lowering prices. when it comes to the sellers, amazon disputes this, perhaps realizing that the chorus of voices is loud now and sellers feel like they are in a vice. it's as their interests are aligned with sellers, but the facts are the facts, and a lot of sellers have then complaining about amazon's conduct. emily: what kind of sustained reaction is this going to cost? obviously, democrats need to try to get republicans on side. this would be a long congressional process. the: it's the beginning of race. the justice department is ab

reasons allegations of high level corruption uncontrolled illegal logging and finds raging in the amazon rain forest i did so that's the 3rd highest figure in the world for cope with 19 infections my guest this week from brasilia is the country's vice president. how did the government let it all get so bad. vice president how milton were our welcome to conflict zone a few months ago you told journalists everything's under control we just don't know who's just how bad is the chaos in your administration. however saying it's ok in our administration that was a kind of a joke that i used to say ok it was not very straight for war war that i put it was a joke ali a joke because here in brazil everything is ok. what sort of joke was it you had 2 health ministers who were gone in the space of a single month during a health emergency and justice minister resigned and education minister however is off to the us just days after stepping down from the job saying i don't want to fight leave me alone don't provoke me isn't that enough chaos for you now it is not things that happen in any government

seeing highlights out of amazon.on't seem exuberant, so amazon is predicting a huge sales jump in the holiday quarter. also, big and lime -- big employment numbers they seem to be pretty proud of. walk us what their urc -- walk us through what you are seeing. brad: amazon stock is up 70% on the year, incredible year for the company in a unique position amid the pandemic. people are more comfortable shopping online. one big take away from the amazon earnings report was the number of full and part-time employees. over one million for the first time, a 50% increase on the year. amazon is now the second-largest employer in the u.s., half the number of employee of walmart. jeff bezos is trumpeting the $50 per hour wage, talking about adding 400,000 jobs this year. amazon's reputation as an employer is on the minds of many customers as they hit click on the buy button, so they are trying to trumpet all the things they do for their employees at a time there has been a lot of criticism and pushback on how they can operate du

amazon figured it out.ber trying to buy diet burner soda on amazon about a year ago and a sixpack was five dollars and a $12 delivery charge. i didn't do it. for i by 24 packs of bubbly six dollars and it is free delivery. they figured it out. because of the frequency of delivery and the volume of delivery, to every prime member's household, they are figuring out, we are getting four or five packages a day. i used to laugh at people who got three packages a week. we are literally getting everything on amazon. i think a lot of prime members are. certainly, people above median have found this convenient, and people who are afraid of buying have found this convenient. i never leave the house. emily: if i want a glass of bubbly i know where to find it. michael, good to have you on the show. thank you. coming up we will talk about verizon. bloombergs on television earlier touting their new 5g network. that is coming up. this is bloomberg. ♪ ♪ emily: u.s. carriers spent billions update -- upgrading their network

reasons allegations of high level corruption uncontrolled illegal logging i'm fine as ranging in the amazon rain forest i did so that's the highest figure in the world for cope at 19 infections my guest this week from brasilia is the country's vice president humble. how did the government let it all gets so bad. vice president hamilton were our welcome to conflict zone a few months ago you told journalists everything's under control we just don't know who's just how bad is the chaos in your administration. everything is ok in our administration that was a kind of a joke that i used to say ok it was not very straight for war war that i put it was a joke only a joke because here in brazil everything is ok. what sort of joke was it you had to health ministers who were gone in the space of a single month during a health emergency and justice minister resigned and education minister hurries off to the u.s. just days after stepping down from the job saying i don't want to fight leave me alone don't provoke me isn't that enough chaos for you now it is not things that happen in any government ok th

reasons allegations of high level corruption uncontrolled illegal logging and 5 is raging in the amazon rain forest added so that's the 3rd highest figure in the world for coping 19 infections my guest this week from brasilia is the country's vice president so. how did the government let it all get so bad. vice president hamilton moore our welcome to conflict zone a few months ago you told journalists everything's under control we just don't know who's just how bad is the chaos in your administration. everything is ok in our administration that was a kind of a joke that i used to say ok it was not very straight for war war that i put it was a joke ali a joke because here in brazil everything is ok. what sort of joke was it you had to health ministers who were gone in the space of a single month during a health emergency and justice minister resigned and education minister hurries off to the u.s. just days after stepping down from the job saying i don't want to fight leave me alone don't provoke me isn't that enough chaos for you now it is not things that happen in any government ok that

amazon, we were talking about it last weekend. in a row.days a down week even though the nasdaq had closed up for rate fourth week in a row. perhaps suggesting some are a bit nervous with what the results are around the amazon prime day event last week. of course risk off tone relative to stocks. we have bonds also lower. there was not a haven bid. maybe not quite as risk off as the declines suggest. it is the worst day for the major averages in about three weeks. emily: it is a big earnings week results afterwith the bell, stocks falling after our a bit. ?hy a down day abigail: in terms of ibm, i think investors think they cannot get out of their own way. down just 0.8%. earlier, down 1.5%. revenues and earnings both alling in terms of growth on year-over-year basis. earnings down by even more, about 14% on a year-over-year basis. the guidance is lackluster. investors hoping that they will get it together, turn it around. report,k going into the this tells you the story. of still unable to get out its own way this last quarter. r

revenue this past quarter very strong amazon a decent bet on both lines. up 6%.ment numbers, stock down just above 11% apple's numbers just ahead on the other side this short break. ♪ ♪ ♪ ♪ before money, people tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. results cross. with us, ed lee, jess re ka lesson, mike santoli, and dan ives and peter roenlers. mike, the key thing we are looking out for? >> any chlorothey have on iphone sales since the end of the quarter i think is the freshest information. the forecasts have been very stable for apple for some time now. going back several months. >> apple was up 3.7% in today's session and positive so far this week, up about .25%. as the dow is of cour

reasons allegations of high level corruption uncontrolled illegal logging and 5 is raging in the amazon rain forest added to that the 3rd highest figure in the world for covert 19 infections my guest this week from brasilia is the country's vice president. how did the government let it all get so bad. vice president how milton were our welcome to conflict zone a few months ago you told journalists everything's under control we just don't know who's just how bad is the chaos in your administration. everything is ok in our administration that was a kind of a joke that i used to say ok it was not very straight for war war that i put it was a joke only a joke because here in brazil everything is ok. what sort of joke was it you had to health ministers who were gone in the space of a single month during a health emergency and justice minister resigned and education minister hurries off to the us just days after stepping down from the job saying i don't want to fight leave me alone don't provoke me isn't that enough chaos for you now it is not things that happen in any government ok the way t

emily: my conversation with the vice president of amazon marketplace and its amazon marketplace businessxt-door meantime is considering options to go public. the social network for neighbors sharing information or trade in goods and services is valued in the range of $4 billion to $5 billion. tdoor was last valued at $2.2 billion after a funding round in september 2019. coming up, the pandemic has wreaked havoc on in person events and companies that support them. we will hear on how one company is switching gears to prepare for a more virtual future and this year's election. this is bloomberg. ♪ emily: welcome back to bloomberg technology. with the presidential election just three weeks away, fundraisers and campaign rallies would normally be flooding cities across the u.s. this year as the global pandemic continues, candidates have had to pivot to a largely digital presence. company z the events business have been pivoting too, so what is the future of life events in a more digital world? we are joined by eventbrite ceo julia hart. we have been talking a bit about how the business and i

amazon prime day, traffic up 30%. the echo. being the most popular item so far.e will take a closer look at the event. this is bloomberg. emily: we are in the final hours of amazon's prime day sale, adding to jump on this holiday season. shoppers are flocking to the platform team to score a deal. and with brick and mortar schools -- stores being reduced traffic, analysts expect this to be amazon's biggest prime day yet. how is this prime day so far different than all the others? >> what is different is it is occurring in the fourth quarter. historically, it was a june july event for them to beta test fulfillment centers to make sure they were up and ready for prime time, meaning black friday and cyber monday. this year, it's about maximizing revenue in the fourth quarter and minimizing pressure on the fulfillment centers, which is why you have a prime day in october this year. emily: how do you expect this one to play out? as we head into the holiday season, which will be a season like no other? >> i think that by having prime day in october versus i guess not ha

and amazon run their marketplaces and compete the one you think about is amazon they report what percentage of their unit sales are done by third party sales. that has risen it used to be 20% and now it's 60%. so amazon has seen its share go from first party to third party. you should think about that, as to whether amazon is tilting the playing field. one last thing to keep in mind these companies have created an enormous ecosystem for small businesses sometimes that's lost. back 20 years internet undermined small businesses. today is dramatically difference many of small businesses survive and thrive because they can advertise on facebook and amazon >> this may be a lifeline for these businesses thank you, mark. what do you think the impact to be it was clear that it would take an act of congress to enact any changes suggested by this report >> it's something that's been around for a long time i think it's a slow burn versus immediate risk i think it's hard to make a clear portfolio decision about what to buy and sell today based on this. i think it's too difficult by my calculations, i t

what's your final word on amazon?e are people that want to beat up on this company, and then there are others like you who were able to at least get your products in front of the nation and, quite frankly, the world instead of your little area. >> so, first of all, i wanted the platform. here's what i'll tell you, corporate spaces don't mean anything. there's another large online e-commerce business, they've been allowing price gouging of my products recently. we brought it to their attention, they won't take care of it. amazon brand protects my small business. they have an amazing ability with the brand protection to take care of me, and who would have thought that i needed to protect the brand of lentil and garbanzo beans? [laughter] yeah, right? amazon keeps getting new tools to help businesses like mine succeed. i think what you're going to see is that as a seller on amazon, you have so much more access to really good reporting, first of all, really good brand protection and really good relationships. liz: okay. >

it is almost hard to use amazon anymore because it's all kind of amazon's choice being pushed at you everywhere but that's life. we all -- we know that as things get more sophisticated, they're packed with ads. so you're saying $93 billion of earnings power with advertising. the rest of the street thinks it's only about $69 billion worth. does it feel like maybe things are all going a little bit too well to be believed? >> you know, i really don't. i would say two things one, i am discounting back on a reasonable multiple for 24 so, you know, my two cents is people are going to be valuing the stock in 2024 so i think you have a chance of this being a $6,000 stock by then so it's not that i think they're going to be $93 billion. but what i want to frame was people were not understanding the underlying contribution coming from advertising a, and b, when everybody tries to do the parts model which when companies give more wall street tendency, i don't think it's how amazon looks at advertising. it is really part of this fly wheel of retail, prime, and advertising together so that is wha

explain amazon they're not buying back stock. they don't even pay a dividend there's so much power and flexibility concentrated at that organization that i don't think they have pulled half the levers they could pull. that's the way i think about it. 4500 doesn't seem that unreasonable in that context >> we have more trades ahead on the half and as we go to break, look at some of the stocks today that are hitting new highs we tkeald peloton. we're right back economics? algorithms? magic? turns out, it's you. doing your thing. dreaming dreams. building new worlds. it's why we built our workspace technology. to help you do your best work and to see what you can become. you're made for bigger things. ♪ ♪ ♪ >>> it's time for the futures outlook. crude oil is getting hammered against today. scott, it really can't get out of its own way >> no, it's being crushed. hopes for a post-covid bump in demand are fading now. nothing having to do with petroleum has any good news, industry associations set demand for jet fuel, which is probably t

a campground near the amazon warehouses home to around a dozen for a camp purse. it's 2 pm time to get out for robert barker he works the night shift good morning. good morning good morning robert how you doing and. how was your shift it was great ok yeah easy money man you know basically robert you have your whole life inside that van yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've done some also i've worked a job in alaska salmon cannery have worked and beat harvest and. amazon's been really good to me and it's really easy money and allows me the freedom to do what i want to. like many were campers and robert barker lives a modest life with few frills his kitchen an outdoor microwave and a picnic table. kind of go in time here i may think i'm. not even curry right. robards lifestyle saves him $2000.00 a month he says money he uses later to travel robert is $46.00 he has no partner no children and very few expenses. amazon pace's camps health insurance and $15.00 an hour when he works managing customer returns it's a tem

amazon shipments account for 12% that have company's revenues fedex and amazon have broken off theirelationship, but third-party sellers make up half shipments on amazon so a big potential boost for fedex as well other retailers are launching competing sales expected to boost online shipping. walmart which has 5% poste-commerce market having its big save event from october 11th to the 15s, for example, and also for ups and fedex, this will strain capacity and prime day will also provide a sneak peek for holiday peak. fedex spiked last year by 31% and ups by 25% this additional volume will provide an opportunity for both carriers just to kind of figure out how to maximize this unprecedented holiday season where online sales rex pektsed to be a record 22% of the total sales. bill, back for you. >> but, let's not forgot i think you mentioned amazon is a lot more aggressive with their own deliveries right now does that take some. pressure off these guys as well? >> really depends on all of our habits you have to remember what a lot of people believe is there's a second wave coming so how

>> you know, amazon. we are going to get a december quarter that's going to include both prime day and the holidays and so we are expecting a blockbuster outlook from that company. and you know, you could easily see this stock move up another 10% by the time the year ends. facebook is also interesting. in terms of google, we say stay away because of the doj. that lawsuit, the one thing that can always, we say can always derail alphabet is government. and you know, we saw what happened to microsoft when the government went after them with the sherman act. this is probably not the time for google to be printing blowout stellar earnings. we would exercise caution on that name. liz: russell, really quickly, this is going to be a big holiday season for tech and toys, especially, if people are staying home. i know you are a big video gamer. if you could only purchase one item, the iphone 12, xbox, play station, the switch, what would you buy? >> you can get an iphone 12 for, you know, the same price you could g

but let's not make it a commercial for amazon.etailers, walmart, target and more counters with their own sales and maybe even lower prices so what does this mean for the sector joined by charlie o'shayed a moody's. i look at my local mall and half the stores are e and you have bankruptcies galore in retail and debt looking worse for many companies is it looking like we'll have five large national retailers and nobody else. >> i think that is a pretty dire prediction i think there is a lot of strength out there in retail there are pockets of strength. but the basic premise is not that far off, you have strong guys going into the pandemic and the pandemic certainly illuminated that where you have amazon, walmart, target, costco, best buy, and i'll show bj's into the mix and you have seen home improvement doing well the off price stores doing well once reopened. so there are pockets out there, but it is clearly a case of the haves and have nots. and that has been going on for a while. >> yeah, certainly it is hard for smaller retail

i know what happens in the amazon for the question of fires it's very clear we lot of people that we have some more than 500000 farmers in the amazon area and some 5 percent of dinner about some 25000 farmers they work their fields with fire and that's why our that's a very. system to work the fields so we have to make them we stop this so debt. don't grow year to year the fact is these are the worst 5 in a decade on day in september you know satellites recorded more than 32000 hotspots in the rain forest 61 percent rise over the same month last year and in both september and the oldest when you would tell the president was telling us there were no 5 the blaze matched all suppose last year's single month's high so the science director for your amazon environmental research institute said we have had 2 months with a lot of fun it's already worse than last year satellites can see it why do you deny it's worse than last year we don't deny we don't deny anything ok september of 20 has been a war since september last year but like i told you before some 70 percent of these fires are ragin

amazon, the prime day event starts tomorrow. also higher 2.6%. it was a strong rally for big tex but also a narrow rally. and, i said risk on relative to stocks, big tech, the internet companies. not right across the board though. for the holiday, bonds were closed. the yen rallying for the second day in a row. crude oil down as perhaps a parish tell on actual economic activity. some disturbing virus data out of europe and globally. transportation average up just slightly. that is a really good tell in terms of what traders are thinking around the virus. risk on for tech and big internet stocks. overall, we will give it a risk on star. caroline: we are excited to see how it lines up tomorrow. that of course honey holiday for many with -- that of course on a holiday for many. of course, it was a day of politics as well. the senate judiciary committee wrapped up day one in the confirmation hearings for judge amy coney barrett. they erected into a partisan clash. bigsenators, both facing elections in coming weeks, senator lindsey graham of south kam

i'm preschool rambling welcome to the program amazon has been one of the main economic beneficiaries of the pandemic locked out on the 3rd quarter of a nearly 40 percent increase in sales growth over the same period last year the company's results showed it sold more in more in the 1st 9 months of this year than in the whole of the previous people buying habits have shifted to online and trend is expected to continue for the holiday shopping season. let's get more on this from our financial correspondent conrad booze and in frankfurt conor at amazon is now valued over one trillion dollars how long can this trend of gaining value continue well chris as you just pointed out itself predicts at least one more quarter of records as the corona restrictions continue to make life for classical retailers difficult of chorus more mall christmas shopping is expected to shift online but i also have to say the dominating position that amazon has is causing many new discussions again the stronger the market position off amazon the more antitrust regulators dymov themselves isn't this dominating po

as one of the biggest companies in the world, amazon is familiar with scams. amazon telling abc news, it works hard to protect against bad actors that fraudulently use our brand, reminding customers to be skeptical of unsolicited calls and don't make payments outside of the amazon website. the better business bureau says once a scammer takes money, it's hard to get back, and with online shopping increasing during the coronavirus pandemic and the holidays approaching, customers must be vigilant. >> they're targeting anybody with a phone, so whether it's a business or somebody doesn't own their own company, you're a target. >> reporter: have victim says they'll now think twice before cybershopping. >> now i'm afraid to even buy anything online anymore because you don't know who is out there watching your phone or your account of these companies getting your information. >> reporter: the fbi reports an increase in online shopping and extortion scams during the pandemic. the better business bureau recommends before ordering anything online, read those customer rev

train as one high profile investment firm gets in on that big trend and xmtchristmas in october as amazon kicks off its two day prime day today, the investment play and if any other retailers have what it takes to compete with amazon, it is tuesday, october 13, 2020 you are watching cnbc right here on cnbc. ♪ let it go, let it go how you're one with the wind and sky ♪ >> everyone's kid knows that song good morning, i'm dominic chu in for brian sullivan you can see the dow is implied lower by just about 17 points, so we'll call it fairly stage and flat nasdaq higher by about 77, the technology trend continues the nasdaq has been leading on the up side and down side over the course of the last couple months the major averages all coming off yet another winning session, the dow rising more than 250 points for its first four day winning streak since early september. the major outperformer again was that nasdaq, surging more than 2.5% for its best day since september 9. you can see there just over the last two days here, a massive move higher, 2.5% gains there to close out yesterday. leading t

there's no better company at that than amazon.that amazon has made you, and this is understandable, a little more data-driven, less going by the gut. is it possible to give us us an example of what that data up covered if few yo and what decisions you made based on the data. >> sure. the best example of that is the way amazon has helped us apply data and measurements to our shrink, the stuff that's spoiling or stuff that's disappearing from your shelves for unknown reasons, maybe theft. and tracking that in more detail in every single store, in every single category. we tended to just be cavalier about it, well, that's just part of doing business. but as we began to track it more carefully, we began to measure it, and we can compare it between stores, and we could ask, well, why is this store having a problem, and the other stores around it are not. and so you dig deeper, and we've made significant improvements in our shrink. and that can be, you know, that's worth tens of millions of dollars a year. so that's one example. jack: e

brazil's amazon rain forest. we've got proper autumn weather fading in across a good pos if europe now is a cloud tumbling in across the british isles sliding across the low countries know the passive france northern areas of germany say this weather system here this cold front that's going to continue sinking its way further south which way is coming in from the north westerly direction and it will feel a good deal colder than if we go through the next couple days as that rain bands sinking further south was as it runs across the alps more snow coming in his shot was there you notice around the cost is around about the eric some showers not just balls afraid to cross northern parts of spain just around the pier in a some snow there once again into well pushing across into the austrian alps by the time we come to sunday and really heavy rain returning to croatia to see what heavy showers to across the northern half of italy as we go on through sunday a cold 13 or 14 celsius there for london and paris still a litt

. >>> we have a news alert on amazon and deirdre bosa has the story. >> according to a blog post, amazon says that over 19,000 u.s. workers contracted coronavirus over six months. amazon says that accounts for just less than 1.5% of u.s. front line workers there have been many calls for amazon to publish this information. so this is the first time that we're hearing from amazon a specific number of cases, infections at the warehouses it also, i should note, comes on the heels of a report talking about workplace safety so there are also calls for amazon to publish more information, be more transparent around injuries at its warehouses again, in a blog post, amazon saying that 19,000 u.s. workers have contracted coronavirus over the last six months. >> fascinating putting sharp numbers on it that way, deirdre. thank you very much. dan nathan, as we follow some of the chyrons there, this was 1.4% of their total workforce, 19,000 u.s. workers they say that the incidence within that workforce is lower than you might expect when compared with the general population i assume amazon would say it

that's what amazon's quite happy.k lives matter, and they canceled me. thereby reconfirming this old symbiosis between whites and blacks that we've been plagued with since the '60s where whites, in a sense, used blacks all over again to prove their innocence and their legitimacy and why they should have power, continue to have power. paul: right. >> so it was a power move on amazon's part. paul: are you going to -- where can our viewers see the film if they can't do it on amazon? i guess a web site? but where else? >> there is, there is that web site, what killed michael brown, and we -- not to get sidetrackedded, but we really do try to answer that question, what did kill hum. and those forces are still in play. but that web site, what killed michael brown, is the best place to find it at this point since we don't have amazon. paul: well, i hope -- >> it's available as of today. paul: good. i hope you have a, you get somebody else to be able to pick that up because it's an important message that needs to be heard, am

you pick, guy, apple or amazon what do you want to trade?our own adventure >> choose your adventure. >> this is not a would you rather but i will turn it into one since steve was able to do that earlier i would rather amazon here apple reports on the 29th. ends of then mo obviously they fired the split bullet last quarter. it was a weird quarter for them. you wonder how much was pulled forward. makes sense that it stopped here amazon i think continues to run into earnings. i said that last night given the parameters that you just said, i would rather amazon right here. >> all right coming up, a way to get in on the tech trade with under the radar plays. >>> and later, how oio aptnsre playing united health into tomorrow's report. "fast money" back after this grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always p

usually, amazon holds its prime day in july.you look at this chart, you can clearly see that in the fourth quarter of every year, the holiday quarter, amazon gets a nice pop in revenue. remember what the rationale of prime day is. attractses prime day to new subscribers and maintain existing prime subscribers, to give it momentum into the holiday quarter. looking at what my colleagues have written, even though prime day this year is in october, and there is a smaller run-up to the holiday shopping season, they think it is likely to support fourth quarter sales and help them with a new record number of prime subscribers going into the fourth quarter. what we know going into this quarter is that covid has also changed habits of how consumers are spending. i'm looking at this brief overview of data. smaller items. we know that amazon has discounted devices which fits into that narrative of working from home. fromd that, purchases suburban, highest median income consumers, kind of in line with the e-commerce activity we have seen in

amazon has announced a new payment service that uses a customer's hand to authorise payments.ers an image of the user's palm and is initially being trialled at two stores in seattle. and finally, if a device on your head for vr isn't enough, how about robot boots? these new creations from ekto vr are what they call the world's first robotic vr movement solution. they allow the wearer to walk through the virtual space without actually moving. virtual insanity? you decide. around this time of year the big tech companies do their annual hardware showcase, where they show off everything that will be going on sale just in time for christmas. last week it was amazon — they have turned their echo speaker into a sphere, and they had a flying home security camera — nothing creepy about that. this week is google‘s turn, with an online event, of course, so let's see what they announced. first up is google tv. it looks a lot like apple tv and amazon fire tv, it brings in recommendations and gives you a lot to choose from. and there is a new chromecast which has a voice remote control, jus

through the amazon. a cease fire between armenia and azerbaijan will come into effect in the coming hours it follows 2 weeks of intense fighting over the disputed region of not going to care about the deal was announced by the russian foreign minister sergei lavrov after 10 hours of talks in moscow said of course only reports from the city of monger. it's the 1st stark contact known to have taken place between our mania and azerbaijan since the new fighting broke out in the soviet republics 3 decade old conflict on september 27th. a pre-christian year again you're a ceasefire has been declared from 12 o'clock on october 18th for humanitarian purposes to exchange prisoners in the bodies of the did it will be done under the guidance of the international red cross the moscow talks came after that survey john foreign minister attended talks in geneva with the french u.s. and russian on warsaw thursday merely that it would miracle we are committed to a peaceful settlement of the karabakh conflict in a ready t

. >>> still ahead, earning rewards from amazon. the online retailer wants to know where elsewhere shop and will pay you for the information. wants to know where elsewhere shop and will pay you for the information. ... a pill for adults with moderate to severe rheumatoid arthritis when methotrexate has not helped enough. xeljanz can help relieve joint pain and swelling, stiffness, and helps stop further joint damage, even without methotrexate. xeljanz can lower your ability to fight infections. before and during treatment, your doctor should check for infections, like tb and do blood tests. tell your doctor if you've had hepatitis b or c, have flu-like symptoms, or are prone to infections. serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. taking a higher than recommended dose of xeljanz for ra may increase risk of death. tears in the stomach or intestines and serious allergic reactions have happened. don't let another morning go by without asking your doctor about the pill first prescrib

wake up and smell the darn coffee amazon you know what? i think it is telling that so many retailers use amazon web services rather than going with non-competitors google cloud or microsoft azure. some people think you have to be on amazon to get your business going. we got our friends at etsy, that stock never quits. how about spopify? give me a break. on the cloud side, amazon web services cutting its prices rele relentless who are their competitors? when three big companies controlled the entire street, it could manipulate prices. finally alphabet between google search and youtube and google cloud, they are too close to be a monopoly their stocks could go higher the sotp is worth so much more i would say bring on the scalpel and the hatchet. waymo, the same argument goes for amazon i say bring it on if you want to buy the stock. bottom line, the time these big tech stocks get hit by some bad headlines is the time you have to buy them. those guys want to come watch "mad money." i could have saved the government fortune regardless who win

amazon towards the bottom. you see in employee feedback and what led to higher versus lower result? what -- workplace transparency. trackingeen trained -- ways that workplaces transform their culture. one of the key ways people talk about their company is regards to how well they are doing in diversity. inclusion, and belonging. of they in the wake george floyd murder, we saw a huge spike in reviews mentioning diversity and inclusion, racial justice. we saw a spike of these mentions in our reviews. we went out and talk to jobseekers and we asked them, what are the factors that you consider when you apply to a job? they told us that one of the most important factors is diversity. now, we are rolling out a whole set of new features that shows diversity all across the world. emily: there's a big controversy in silicon valley. you have one saying their company will not be addressing social issues in the workplace. we won't take on activism outside our core mission network. other ceos are pushing back. jack dorsey s

'sat he has done with amazon amazon has improved the technology dramatically, and during the covid periodles have been higher than they would have otherwise been. he has that he will do this for a couple more years but he does not know how much longer. he is a content person. sometimes you get ceos and founders not happy with her life, he is a happy person. lisa: i think he spoke for all of us when he said 20/20 is the weirdest year of my life. why did he say that? david: he has had to retool the entire company. it used to be people came in for the shopping experience and walked in the aisles and now they have to focus more on people who have picked up because people do not want to walk in the aisle so much. he had to reinvent the business. and he has more competition than he used to have. he had virtually no competition for the first 25 years. he has been the ceo for 42 years , and for 25 of those there was not much competition. now the major supermarkets are all having whole food and other organic food displays, and he has more competition than he ever had. lisa: there is a question abo

amazon, though, price for perfection as it heads into this big holiday quarter.by prime day following in october of this year the pandemic, of course, boosted everything from e-commerce to groceries to cloud computing, aws unit the bigger that amazon gets, guys, this could be the first ever $100 billion revenue quarter, the more tension it could attract from regulators. now guidance from both will also be key how alphabet views the digital advertising market and how amazon is getting the fulfillment network ready for that holiday boom. julia? >> thank you, d. and, of course, don't forget apple. josh lipton has more on what we can expect this afternoon. josh >> so, julia, despite the selloff yesterday, it's been a strong 2020 for apple. that stock is up more than 50% so far this year it has rallied about 110% off the march low. though cooling recently, it's now off about 15% from the most recent high. the new iphone 12 and 12 pro arrived last week. faster processor, better cameras and they support 5-g investors are very eager to hear what early demand looks like w

brazil's amazon rain forest is shrinking by the day. last year it lost 10000 square kilometers to fires land grabbers and loggers this year it may lose even more according to new data just released by brazilian space agency. during the 1st 9 months of 202076000 fires tore through the rain forest the most for that period in a decade where all were brazil's worst the forestation record was in 1905 when 29000 square kilometers of the amazon was destroyed we had managed to reduce that number to 4000 square kilometers in 2012 but since then destruction has been on the rise. illegal logging and mining are problem but the main culprits are cattle ranchers who set fires to clear the land for pasture. indigenous activists amandla from the set out in a way tribe blames president also matters right wing government for easing environmental restrictions. i became i then knew that the fires make me very sad because we're losing so much territory if the forest goes we will die. president bush so natural says he's doing everything he can by sending the