amazon pushing back hard. we will discuss.ideo darling vimeo counts amazon and starbucks among its biggest customers, but the provider plunges in its public debut after splitting off from iac. did they get it wrong? i will speak to vimeo's ceo. and it has been one year since the tragic death of george floyd ignited a wave of protests. the biggest companies in the world, including apple, amazon, and facebook vowed to do better. how much has really changed? how promises haven't necessarily been kept. we will get to that in a moment. let's look at the markets. stocks climbed for another day this week. walk us through the day. >> it was a pretty quiet day. trading volume much below that of recent averages. that was reflected in the benchmark indexes. the s&p 500 ended a hair lower, about .2%. the nasdaq 100 just into the green. you saw the semiconductor index outperform both, ending about .4% higher. the real winner was the nasdaq golden dragon china index. about 1.8% higher. the real action was in the main stocks. day trader favo

of "amazon unbound". eugene: and also the company itself, the amazon that he is leading, his profile has completely changed from the first book until now. this conglomerate that is every business marketing that you can imagine. brad: we think back to amazon's battles with book publishers and how trivial the same now. in the larger scheme of things, not that those are they are significant issues with book industry that amazon was fighting with bookll publishersf the 999 kindle price. the availability of the number of e-books in the kindle store. and stripping suppliers and of the search results they weren't satisfying amazon. it was because of business was so strategic and this was 2011 and also into 22 oh. in the book business obviously still very rep. of amazon and its image and lot of people probably do still think of amazon is a bookseller. if it that is a minor part of his business, as a company that truly is the everything store now. one of its most important markets is no longer the can voice-activa

is running all of amazon retail.is a remarkable story of innovation and the mastery of operations but in some sense the true cost of tech it's moved quickly without a lot of caution or appreciation for the unanticipated consequences might be. host: with clark, it seems he has a different reputation compared to wilkie or others that were liked or respected but clark has a track record to create enemies along the way. i think he calls himself to people that i serve to fire people. does that work in his new role? >> one way people can look at it is twitter. he is the unusual amazon ceo who will trade blows with people the thing about fred smith the ceo of fedex and takes a shot at him. and tends to critique coverage of amazon have you ever been the subject of a dave clark tweet? he will start throwing elbows. maybe it is even refreshingly combat of because most executives just say the staff quietly. but he says what he believes. the reputation and i talked to a time of amazon operation folks to put together my portrait,

book "amazon i'm bound -- "amazon unbound."ews. he had said it would be some time in the third quarter. now we know when. >> the day really is a formality. not only had they announced bezos had been gradually stepping back at amazon, giving andy jaffe more authority, i think he will continue to do that. he will be second chairman. he will still be at the meetings. i do think gradually, he will let andy jaffe run the company. maybe in a couple of years, we will see him drop the executive title from executive chairman, but jaffe learned alongside jeff bezos. he is a bezos disciple. i don't think it changes the company all that much. emily: interesting. one of amazon's biggest problems looking ahead is regulatory scrutiny. we just got headlines that senator amy klobuchar is investigating amazon. what is your reaction? brad: that there is not just some dissatisfaction, but ultimately, this is a legal proceeding. one of the big gauges is does this eliminate competition? mgm is a relatively small studio. there's plenty of competition

and that is amazon.er product of baltimore the wire is a series of human stories change the political economy in a system of winners and losers and how institutions have failed, whole groups of people. so tell me how you found your people in kind of come about some of the people in this book. tell us sort of why they are good vehicles for understanding what is going on in the united states right now. make sure. to keep going as we'll find the people in society and places. i wanted to have certain cities there were hyper prosperous cities that were struggling with the prosperity than left behind in town is very clear what my cities was going to be cl is clear from the outset. the city had been utterly transformed by the company. and i knew i wanted to write about washington d.c. because it was also to me and very classic example i wanted to write about the baltimore divide and i went to pick pc from a city even though amazon did worked up very nicely. baltimore no wanted to write about because i live here

coming up, all eyes on amazon. as more states build an antitrust case against the e-commerce giant, this after washington dicey -- d.c. files the we will talk about which first. attorney generals could be next. this is bloomberg. ♪ emily: the number of states looking into amazon is growing, as attorneys general work to build a case for antitrust violations for the e-commerce giant. bloomberg news has more on the mounting state inquiries. we know washington, d.c. came out first. it was slightly unusual not to have other states on board. what do we know now about what other states are looking into? >> now we are seeing more states join the dog pile, massachusetts, pennsylvania, connecticut, all looking at amazon in some way or another. i don't have any indication they are looking at different things. they may choose to break up the investigation differently, but you figure amazon's practices affect consumers in all states equally. emily: i want to listen to part of our conversation with the washington, d.c. attorney

therefore, amazon had issues. then it becomes ebay trying to compete and beat amazon.have facebook and google using shopify to take on amazon. all those efforts are missing the point that amazon has a unique advantage in e-commerce. to beat them, you have to become vertical lysed, which is why you invest in poshmark and peloton. you have to invest in a different experience. emily: what is your outlook on these more niche e-commerce platforms? the stock has been struggling, in part, probably because of the continued power of amazon. hans: with companies that are still finding their way, a lot of the issues are sort of self-inflicted or more based on execution. when you see what etsy is doing, their stock price has gone up dramatically the last four years. you see that there is a way to compete against amazon. you see how wayfair have done, they have done extremely well. post-covid-19, in the process of doing so. emily: the popularity of creators and nex-gen personalities is a huge development in the e-commerce market with all of these tiktok stars hawking products and u

the awa live deep in the amazon rainforest. last people on earth who still try to live as traditional hunter—gatherers. wow, the village... i really felt that they welcomed me in. we felt like we had a real connection together. i'm not going to dress like that, no. laughter. pira'i was probably my best buddy in the village. he was the one that instigated most of the jokes. you know, towards the end, we went on this big hunt with them that took two or three hours. when we got back, everybody was really hot and sweaty and they got to this lovely waterhole. and i thought, "yeah, ok, i'll go swimming" and itjust seemed right to take my clothes off. laughter. then they played a trick on me and it became clear that they were trying to, essentially, dress me like they dressed to hunt. laughter. you don't want to see it. laughter. it seemed they lived an idyllic life. but when i asked my new friend pira'i about what life was like when he was growing up, i learned just how traumatic things had been for the tribe. this community that, at

he just says his time at amazon was done. think we can acknowledge and you wrote a good story about this in the business insider that the turnover, amazon has always been somewhat known for having high turnover. the velocity of people moving in and out of the lower ranks of the company is extreme. they've always said in the upper echelons of the loyalty when people stick around and that has changed. more people are leaving. i heard a joke so many have left, jeff blackburn and other senior executives and whether that's because the stock price has gone up so high they are enormously wealthy or is it that they see this has become a big and somewhat unmanageable company and the bureaucracy or, and this is a hypothetical where they were disappointed and the tabloid media 2019 lost a little bit of faith, i don't know, but we have to acknowledge that if they are largely moving aside, that will be a challenge for the company because you know, it is a difficult it he goes in craddick company to navigate and there are a lot of newcomer

what's your response to amazon's lawsuit that your lawsuit would force amazon to feature higher prices >> with all due respect to amazon, a great company that i respect a lot, it hasn't answered the dwe about it ts most favorite nations agreements and the requirements it poedss on third party sellers you have third party players that want to access the internet and sell their goods if they want access to largest marketplace, they've got to put in their price a high commission, upwards of 40% from amazon and then agree that they can't sell their product, not even on their website, let alone any other platform for price lower than that they put on amazon european, german and uk raised concerns about the same kinds of clauses. amazon backed away and changed its policy >> i was going to say i think europe and the u.s. have sort of different approach when it comes to anti-trust. in this case it's all about the consumer the one place where this is interesting to me is amazon has 40 or 50% of e-commerce but they are still 5% of total retail spending in the u.s. sellers who want to sell for lo

then amazon changed it to the fair privacy act. but the thing is that new clause does not necessarily say it prohibits the 3rd sellers, but that could be possible sanctions, and the attorney general is saying that's pretty much still the same. so that's what it's about. and you mentioned that there could be some penalties, but that's not all. if in any case, emerson would be forced them to actually change policies. i mean, that really could get pretty pricey for amazon as it also in some cases, charges, if piece of up to 40 percent was amazon had to say about these suggestions that it is essentially too powerful. yep. i mean, 1st of all, those 3rd party sellers are really important for the business of amazon. if i saw that correctly, it makes up about a little more than half off amazon's overall revenue. well, and amazon is saying that the attorney general is having it all backwards that actually if they would change the policy at the end of the day, customers would even pay more. and that, by the way, it's the 3rd party sellers th

how does amazon adapt? stephen: amazon is a winner.ns, the walmart, the targets continue to do well. the marketplaces are important in this environment. amazon is not the only marketplace. the consumer loves convenience. amazon sets the standard. the way they do the presentation of product, they understand the personalization. that will be the expectation. amazon is a winner but i think there'll be a lot of others as well. you also have these new evolving , whether it is resale or rental. all of this is new age in terms of how retail is evolving. tom: does amazon take luxury from luxury? will gucci sell on amazon. stephen: my guess is probably not. i think the gucci and lvmh will play in other kinds of marketplaces. maybe in the data of the sax.com. i do not know that those brands play in the amazon world, but amazon will be a major playing in apparel. i'm not sure it is at the high end. tom: it is been too long. stephen sadove very much appreciated. so much to talk about. it has been the most non-boring monday after jobs report i've e

this price based on the amazon fees. ag and the district of columbia here is saying is that that's anti-competitive under the law here and if you wanted to charge a lower price on some other site, if you were able to do that, you wouldn't be allowed to under the amazon contract he says that's anti-competitive and la to go like i said, we'll see how this is all litigated >> yeah, eamon, you mentioned a theoretical nature of the charge they do mention damages and penalties and attorneys fees but nothing specific right? >> right what we haven't seen yet and that the attorney general's right now doing a q&a session with reporters may be answering this question as we speak. we haven't seen any total dollar amount they're alleging here or any allegation here that the district of columbia needs to be reimbursed or consumers here in the district of consumers need to be reimbursed for any costs they've had here so what we'll wait and see is more details on the suit itself in terms of what the cost sand who has to pay and what the

in your amazon shopping cart.ed is the soon to be heading to amazon prime video, the pink panther and robocop franchises, as well as the oscar award-winning film silence of the lambs. >> with some fava beans and a nice chianti. emily: jeff bezos has not been shy about spending big on his -- amazon shelled out 11 billion dollars in streaming services in 2020 alone and has made an 11 billion commitment to thursday night nfl games. buying a studio makes amazon more credible in the heavyweight and crowded streaming market. just last week, at&t sealed the deal to urges warner media operations, including hbo, with discovery, shaking up the entertainment hierarchy again. is this just the beginning of long-awaited media consolidation? either way, it is the biggest move yet biotech giant to rock the hollywood boat. matt: we are going to talk a little bit more about that with brad stone later. like why didn't amazon go bigger? why are we making such a big deal out of the robocop franchise? that part has escaped me. but i wa

emily: you talk about so many of amazon's when shots. -- amazon's moon shots.ou for my advance copy. building a ws and blue origin and the one thing that stood out to me was that all of these things were really jeff bezos' ideas and he alone were pushing these projects that many people told him were not good ideas to start. he and the company made it happen. that seems to be somewhat of the theme. brad: yes and no. certainly alexa springs almost fully formed from his brain. he sent an email to his top executives, we should build a computer whose brains are in the cloud and is controlled by your voice. the fire phone was his idea. that was kind of a debacle. amazon's push into movies and tv shows. that was his idea. i also tell the story of the grocery initiative. while he signed off on that, he does not think it should be a rush. it was one of his deputies who kept pushing that amazon needs to get into groceries. because people shop for food multiple times a week. the question you raise is a good one. how important is jeff bezos to amazon's inventiveness and wh

anybody who shopped there pre-amazon, post--amazon could see that amazon efficiency, the looks on theorkers' faces changing over the months and years, not the same. but on the other hand, bezos, not amazon, bezos bought "the washington post" a media company, kind of hands off, sort of left it alone and andy jassy and the culture at aws different from core amazon people at aws stend to say i wok for aws than amazon. maybe they're getting better and maybe jassy in particular does >> yeah. look, you can always hope. i just think history says in particular the tech and media combination is really dicey and when you are paying the significant premium and you think the return on that value is going to be new kinds of creative -- i'm reading the press release, we're going to turn these treasured franchises and i.p. into new kind of entertainment, they're going in there to change it i think that change unless they have trusted creative leadership to execute that kind of massive change is dicey. "washington post," jeff bezos just owns it, gave them money, and said pursue a national strategy an

amazon unbound is out this week.dible, riveting a , page turner as only brad stone could deliver. coming up, the covid-19 pandemic has accelerated a digitization of businesses worldwide. like never before. we are going to speak to a microsoft executive about what industries handle the transformation the best. that is next. this is bloomberg. ♪ ♪ emily: a new report by the economist intelligence unit commissioned by microsoft finds 72% of businesses in multiple sectors claim the pandemic has accelerated their industry's pace in multiple ways. -- pace of transportation -- pace of transformation in unprecedented ways. this, as companies prepare for a gradual return to work. joining us, to discuss, the corporate vice president of worldwide commercial industries at microsoft. she is the latest guest in our work shifting series. talk to us about the trends you found and what surprised you most. >> thanks so much for having me. we commissioned the study to make sure we can learn from the market, learn from our customers and

amazon doesn't make these kind of large acquisitions. the rumored price tag $9 billion, big for amazon given its track record. >> absolutely. what i know, my sources tell me that mgm and amazon have had talks. we do know that mgm has been on the block. open to the sale for a long time i've heard that mgm has been valued by other companies in the $5 billion range, and now mgm is looking to get between $8 billion or $9 billion. a big boost. what's going on now, deirdre, a land grab for content. only so much independent content out there. only so many of these arms dealers, if you will, but if you have sony teaming up with netflix and these big mergers, there is a rush to figure where the content is coming from for a place like amazon, which really wants that content, de, to fuel they're amazon prime video and not just draw subscribers. also hold on to them. >> yeah. so surprising to me that amazon could potentially overpay for such a deal. talking about this earlier, may have to do with one key figure jeff blackburn who left the company an

amazon prime can be thing with netflix disney plus. where does this deal post amazon? well, it will definitely bring amazon in a couple of new i bolts. if you compare it to with netflix, for instance, netflix says worldwide around to 200000000 users or viewers, amazon and a recent service that, that about 170000000 people watch some content on their prime video offering. but it's not just about streaming movies or series. what it's really about for amazon is to get new subscribers because the main money that amazon makes. and that's different from netflix, or let's say disney is not with screening some content, but it's actually selling stuff for so it's all about engaging people, getting them as prime members so that they will spend all a lot of them money. also elsewhere on the amazon universe. i am called her new york. thanks for keeping up with it. found him now where court proceedings have begun in the european union's lawsuit against astrazeneca, of a current of ours, faxing deliveries the queues as the british swedish farm. the giant repeatedly and drastically f

on amazon but not rely on amazon solely.asier as a small business to sell through amazon if you want to also do your facebook stuff. instagram, lots of different platforms. handle logistics also. is it more about recognizing in giants exist and not necessarily betting against them, but having another strategy as well >> a fantastic point really, you can look at things like instacart or shopify and say, actually it would be sort of hard for these companies to normally get into market without an amazon. so what you're really seeing is a point/counterpoint incumbent business by default is not really going to invest in the technology in r & d. it's the nature of business and now is opening a huge opportunity for new start-ups, new businesses some of those small and mid-cap companies, you know, suddenly with the rise of amazon, with the rise of google, with the rise of tech, they're real business models being assailed look at uber, how taxi companies were value and looked at 10, 15 years ago. that business will never be the same

else but you really need to be amazon but, bob, you're talking about fees that amazon institutes?ld set their price but then there's a major fee off of that price. their margin gets compressed. again they have the advantage to your point, maria, of vis ability and trying to get a new product or service to the marketplace. if it catches on, then they want to expand that, maybe reduce that fee that amazon charges them and then offer the same price but they'll make more money on it. so that's really the challenge right now that a lot of small business and entrepreneurs are finding hopefully with the advantages, you know, in search engine optimization, wording and so forth. the small businesses and individuals will learn how to get their product online directly and try to get that visibility and avoid that whole issue with amazon in the -- dagen: amazon's app is crap compared to wal-mart and target. maria: this ag lawsuit, bob, is this going to be a pressure then for amazon? what is your thought on this lawsuit? >> yeah, i -- i -- as dagen said, it didn't seem to get a a lot of tracti

that shows is the amazon frontier, the e-commerce playing field in particular with amazon is almost inhe time, with lower costs, chinese sellers close to the manufacturers, and that is really hard to complete. that is a reality and a bitter one for a lot of sellers, and something that has gone to great lengths to obfuscate, but look, you sort of asked about what are the anticompetitive elements and there are a number of things they do like the price parity provision that the dca g is calling out that amazon insists that sellers sell at a lower price or an equal price that the company has gotten so big, they really deserve more attention. amazon will defend it, but look, they will walk away from and it probably does not hurt their business all that much. emily: the author of "amazon unbound," brad stone. that does it for this addition of bloomberg technology. wall street week is coming up next, david westin talking to dimensional advisors david booth of how investor should prepare for the this is bloomberg. ♪ prospect of inflation. this is bloomberg. ♪ this is bloomberg. ♪ david: caught

amp -- amazon mgm stick is have signed for amazon to buy mgm.reeing to buy mgm studios for $8.4 billion. a little bit lower than the $9 billion circulating in the news. wall street journal was the first report on this deal. lisa: there is a question is big tech tries to get into media and into this is this how many streaming services, how much people are willing to pay and whether it is a good deal. jonathan: there was talk apple was in the mix for this content. amazon came in big. much bigger than anyone else was offering. lisa: they had the cash. the question would be whether it is worth it at a time when it is peak content. tom: -- jonathan: that headline just crossing the bloomberg. amazon agreeing to buy mgm studios for $8.4 billion. widely expected. that is the headlines crossing the bloomberg this morning. tom: the value of intern copyright. much more that through the day. right now we endure in american economics. there is no one better than betsey stevenson, university of michigan professor of economics and a student of our social econo

to do with amazon.e had volatility in the large cap tech space people are rolling into cyclicals. it's nothing to do with streaming. having said that, you have a number of players. when you think about streaming, what do you think about? you think about netflix, disney and amazon and then the rest of the pool i bought recently viacom because i think they will all get bit up for their assets and the sell off that we have seen as late, nothing to do with fundamentals. stock was hit. yes, i agree with you there's going to be handle of players but i think the macro head winds for large cap tech are too much right now but if you want to gobble up some streaming, have at it. >> when we spoke to bill smead, he says he thinks the roll up will probably be acquired by one of the big tech players. again, you see why, a lot of people think, major consolidation is happening i can bet that higher price will be paid for some these saasset. >> yes, it will be many years before the warn e warner media discovery companie

here's what's coming up next. >> amazon is looking to buy. but is mgm studios the best bet, the traders have their prime pick and ready to dish this month -- plus bank of america g time to crash out of crypto weothat and more when "fast money" returns commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. the aflac post-pain show! aflac! what a day of upsets. ha ha. jill is certainly upset with that unexpected bill from her back surgery. aflac! let's see that one more time. ♪ ♪ (bleep) (wincing) oooh, right in the wallet! ouch! aflac! aflac would ha paid jill cash to help with expenses health insurance doesn't cover. hold on, i think she's trying to give us a side-eye... because she can't turn her head! (laugh) get help with expenses health insurance doesn't cover. get to know us at aflac.c

it's not sold by amazon.e i kind of. >> do more comparison shopping easier to do a google shop or. right to the other website and check. well, that was kristen sports reporting for us tonight. sorry caught me. >> having conversation is e online shopping get that does wrap up kron 4 news at 5. she figured out how to get the deal. so she was on right away like a cheap suit news at 6 is next. you see justine and catherine, what's coming up, guys? vicki was chatting with us. so that was all here's what's coming up at 6 o'clock a drought conditions in the bay area seemingly getting worse by the day. >> we'll show you how much we dried out in just the past week and explain which counties. >> are dealing the best or the worst. but the lack of water plus san francisco announcing some big changes to its health order. what you're now allowed to do. if you are fully vaccinated and where you can take your mask off in >> from the bay, area's news station. you're watching kron. 4 news news at 6. >> now it's 6 dry and dange

all of that income is declared via amazon's e. you've parent subsidiary, which is based in luxembourg. and here's the thing that subsidiary made a loss on paper, so amazon paid no corporate tax whatsoever on the billions that it earned. and that story was researched by the fair tax foundation. i'm joined now by its chief executive paul lawn. and paul, it's good to have you on the program, and maybe you can help us understand. here we're talking about millions, billions and turnover. yet zilch in corporate tax is paid by amazon. how does that work? and how is that legal? i'm smiling by shouldn't be really and what i think what all use to see in stories of amazon, not pain any tasks around the world. but the length is set to take is that we found, posted in last sunday. but astounding. i mean, we're talking about record loss in europe, a 1200000000 euros. not only are they not paying tax, they are building tax credits using the future. this year they bill so $50000000.00 euros a tax credit. last year it was $290000000.00 euros fee,

what will a post bezos amazon look like? will it be a post bezos amazon?utive chairman. i go back to that anti-trust subcommittee last summer where jeff bezos was sit thing on zoom alongside mark zuckerberg and tim cook. he doesn't want to be there, he doesn't want to be the face of amazon when it comes to washington anti-trust scrutiny. but i do think jeff bezos will be the loudest voice in the conference room. so in the near term, things aren't going to change, at least until that yacht is ready and bezos is spending more of his time sailing the high saes. >> yachts plural. one of the things about your book is you managed to track down the person who provided the voice for alexa through canvassing the voice active community. she had recorded radio ads. did you get to speak to alexa herself? >> i had to do a fair amount of sleuthing. her name is nina rollie. she lives in bolder. i did all my due diligence in figuring out it was her. i did give her a call. she couldn't talk to me. but it was unmistakable. that voice is distinctive. but no, i did not talk t

the new idea is that amazon is ready for the reopen and beyond. i think the stock is going to go >> all right so, liz young, that very much sounds to me like josh agrees with jim cramer, who said this bigger trade, which had consolidated and it had stag nated, is about to get going again. over the past week alone, facebook is up 5.5%. apple has been the empitome of the sideways josh's point about amazon and then you have alphabet up 4.5% netflix, which i don't put in this category but nonetheless it is up 3% microsoft is up 3.5% nvidia - >> are those stocks -- >> well, nvidia, we will talk about that, too. are these stocks about to get moving again, because it would be massive for the market, wouldn't it? >> it would be massive for the market because i think investors look at the faang stocks and big tech in general as their indication of sentiment. if tech and big tech is doing well people feel better about the market overall first of all i want to caveat by saying i don't think they're monolithic i don't think every faang stock is going to behav

then amazon changed it to the fair privacy act. but the thing is that new clause does not necessarily say it prohibits the 3rd sellers, but there could be possible sanctions that the attorney general is saying that's pretty much still the same. so that's what it's about. and you mentioned that there could be some penalties, but that's not all. if in any case, emerson would be forced to actually change policies. i mean, that really could get a pretty pricey for amazon method. also, in some cases, charges, if the use of up to 40 percent i was amazon had to say about these suggestions that it is essentially too powerful. yeah. i mean, 1st of all, those 3rd party sellers are really important for the business of amazon. if i saw that correctly, it makes up about a little more than half off amazon's overall revenue. well, and amazon is saying that the attorney general is having it all backwards. that actually, if they would change the policy at the end of the day, customers would even pay more. and that, by the way, it's the 3rd party se

and when you buy something on amazon here in germany you have to pay the value added tax so that's it that's in the price why is it legal or why are consumers required to pay via a value added tax when they buy with amazon but amazon is not required to pay corporate taxes on the income that it's generate and it is this really a double standard that the wall makers have allowed to exist. yes unfortunately that is true don imus and only seems to be one step ahead if not 5 steps ahead of the lawmakers all over the world and i think a lot of the lawmakers are so good about this and in the process they were just so busy saying they want seats which 5 jobs for example will imus in these i mean we've got to think now is and has got more employee the looks of the citizens and how and it looks of they're going see roubles the money the reports and accounts sometimes in e.u. salis just not going to happen so i think everybody has become tired it not just the public business people it was a hobby it's a paid their taxes because they want to consummate public service is there is as any member of

we saw amazon run really hard.he pandemic, they are both extraordinarily well positioned. it's everybody else that's in trouble. they've always been each other's biggest competitors once amazon came on the scene. walmart is the biggest threat to amazon amazon is the biggest threat to walmart and that's across all the disr cidisciplines. if you're not one of those big players, you're getting pushed around and your toe s are geting mashed i like walmart a lot because i think they solve online pick up, pick up scurb side and online selling and easy delivery from the store. i think they are getting better and pretty tough to compete with since they have 4700 distribution centers they just call them stores amazon has stickiest website of any in the world they're not going to lose share but everybody else will lose share. those two can't afford to let anybody else have any of the business they've got to continue to be fierce competitors >> so jason, this is key that fierce competition, the reason why i can see from a big

i think we're all used to seeing stories of amazon not paying any tax around the world but the latest sets of fake is that we found that in luxembourg would astounding i mean we're talking months of record loss in europe of $1200000000.00 euros not only are they not paying taxes they are building task credits to use in the future this year they built a 1000000 euros of tax credits last year it was 2 $190000000.00 euros it actually now got over $2000000000.00 of target all glossies to use in the future what that means is if at some point in the future they do decide to declare a profit on which tax will be required that they still have to pay tax because they've got all these carry it forward losses to utilize. what are the things you want from the apples that account isn't say as well that's a retail business it's a long margie. what we've got to remember gas m is it is the largest retailer in the world it's also the largest provider of cloud computing services in the world which is why it march in business politics percent margins easily so. i couldn't answer the question directly ho

regardless of politics would say amazon helped them. bezos amazon? >> that's the question. i don't see him fully untangling right away and he says he will stick around and work on new projects, and i go back to the antitrust sub committee last summer where jeff bezos was sitting there alongside tim cook and zuckerberg, and i think he didn't want to be there, and so things are going to change as bezos spends more time sailing the high seas. >> you managed to track down the person that provided the voice for alexa through canvassing the voice actor community, and she recorded radio ads like mott's apple sauce, and did you get to speak to alexa herself? >> well, i had to do a fair amount of that, and she's a woman that lives in boulder, and i did all my due diligence and i did give her a call, and she couldn't talk and got off the phone quickly, and it was unmistakable. that voice is very distinctive. but i did not talk to her at length, to answer your question. >> i wonder if she asked alexa to hang up on you. thank you so much for your t

so, you know, it is obviously great for amazon, and amazon— obviously great for amazon, and amazon willt for us as customers. tom, james bond — great for us as customers. tom, james bond fan _ great for us as customers. tom, james bond fan club _ great for us as customers. tom, james bond fan club contributor| great for us as customers. tom, i james bond fan club contributor on bbc news a little earlier this evening saying to me, look, it is good for the james bond franchise, and that may be one of the attractions forjeff bays owes and amazon. but there is a bit in the detail where they talk about kind of regenerating, reenergizing existing content, which will make some traditionalfilm fans content, which will make some traditional film fans perhaps a bit nervous. you are suddenly going to have godzilla introduced in the realm of the third dictator or godzilla in an mgm film, but you know what i'm trying to say. yes. godzilla in an mgm film, but you know what i'm trying to say. yes, i would be rather— know what i'm trying to say. yes, i would be rather worried _ know what i'm trying to

amazon is a tood more... but you did work the. amazon is a good example _ more. .. work the. amazon is a good example of— more... but you did work the. amazon is a good example of the _ more... but you did work the. amazon is a good example of the way - more... but you did work the. amazon is a good example of the way we - more... but you did work the. amazon is a good example of the way we want| is a good example of the way we want to engage with corporate, because we know we cannot deliver unless we work with people and companies and governments. amazon is a good example because you are quite right, it is a retailer, but if you look two years ago, amazon set up the climate pledge. 0nly last week i was delighted to see amazon joined the leaf coalition to commit notjust being necessary with carbon but also helping with deforestation. it is an example of how you can engage with a corporate, explained with the facts, evidence, how we can do what we do, continue to serve customers, but do so in a much more sustainable way. but doug, what you are a senior executive in t

on amazon's streaming strategy this hour.stocks making a

amazon's going to break some news as we speak in a direct challenge to apple amazon's head of servicesnd devices is coming up next. later on, dropbox's ceo drew houston in an earnings exclusive. at the bottom of the hour we expect to hear from the president about today's jobs number >> carl, tech stocks are higher as the 10-year sinks dow, s&p, nasdaq was on pace for the worst week since february until that jobs report came out. now it is leading the way. the divergence between big tech and speculative tech, that's been a little bit blurred as the sector gets a boost following the weak april number, jon. >> let's start with the amazon news building out amazon sidewalk, designed to connect devices anonymously in and out of the home and allowing people to share with others. this reminds you of apple's air tags announcement recently it's a similar concept title is going to join the sidewalk platform in june. us using bluetooth locate lost items. then there's level a brand of smart locks for homes. it's going to use sidewalk to directly connect with ring's doorbell service amazon owns ring

>> so, i was in amazon addict. i would chop everything on amazon.rriving at my door every single day, and i really had to ask myself, did i want to continue on with a company that was making society a way i did not wanted to be? i'm pulling several conservative books was sort of the last straw for me. i realized we are really going to have an issue going forward if amazon gets to decide what we read, and of course, other things they do also really obnoxious to me. i made the decision to stop shopping them.m. look, i love -- my kids tell me they need glue for school, they get it to be the next day, i'll buy it, but i decreased my spending on amazon drastically and i urge other people to do the same. >> tucker: right. so, have an occasional beer don't drink vodka alone in theee morning. it is a matter of moderation. i think you're right. karol markowitz, the last person -- >> thanks, tucker. >> tucker: so we have the coronavirus vaccine, people are acting as if it does not matter people are still wearing masks people are still under social distancing.

amazon is seemingly invincible at _ becoming? amazon is seemingly invincible at the _ becoming?ngly invincible at the moment, firing l becoming? amazon is seemingly l invincible at the moment, firing on all cylinders. their retail division has been strengthened due to the ubiquity of its offering and the fact that, during the pandemic, many shoppers made amazon the first port of call. it is important to remember it isn'tjust a retailer, they are a technology company, and so if you look at cloud computing, advertising, check out free shopping, digital content, every single aspect of its business has been strengthened, due to the fact that covid has accelerated a ship towards a more digital world. it has also speeded _ towards a more digital world. it has also speeded up — towards a more digital world. it has also speeded up changes _ towards a more digital world. it has also speeded up changes on - towards a more digital world. it has also speeded up changes on our high streets, where thousands ofjobs have been lost. debenhams, one of the biggest casualties. tomorrow, the biggest

so amazon is saying the d.c. attorney general has it exactly backwards. the d.c. attorney general saying that amazon is raising prices across the entire internet and that might seem surprising given amazon's reputation for low prices but that's the dispute and they'll have to settle it in court, guys. back to you. >> and the d.c. attorney general, i read in politico, that he has been vetted by the biden administration as a possible leader of the federal trade commission you just have to wonder where all this is going and whether we're going to see a bigger suit from the ftc or the doj. >> yeah, the federal government and then also the states are worth watching here too because he was on cnbc earlier today and talked about the possibility of other states signing on to this once they have a chance to kick the tires on this case and see if they like it. you could see a broader coalition of state ags trying to fight this out with amazon. >>> shares of moderna getting a boost after the company released new data on its covid vaccine in teens. meg tirrell has that story

starting off with a bang amazon acquiring mgm studios for $8.5 billion. >> amazon is behind in the video streaming wars it's trying to play catch-up and it's costing them $9 billion >> reporter: the deal gives them access to over 4,000 classic movies including the james bond franchise and oscar winners like "silence of the lambs" and "raging bull." >> there's no way i'm going down i don't go down for nobody >> can consumers expect to see a jump in pricing >> i don't think amazon is going to try to charge you more for amazon prime they just want you spending more time there. whether it's to buy more stuff tore or to look at stuff. >> reporter: this acquisition, made in the final months of jeff bezos's tenure as ceo, is the company's second largest to date after the $13.7 billion purchase of whole foods in 2017. bezos today saying, "it's going to be a lot of fun work and people who love stories are going to be the big beneficiaries. ♪ giving fans hope that reboots and sequels to some of their favorite films could soon be on the way. stephanie ruhle, nbc news, new york >>> a progressive app

legal trouble for amazon. the tech giant is hit with its first antitrust lawsuit ahead of an expected $9 billion deal for mgm. the details ahead. this is bloomberg. ♪ >> you're watching daybreak australia. the european union has moved to impose further sanctions on belarus after its forced landing of orion air jet over the weekend and arrest of the opposition journalist on board. the u.k. close iteris these -- closed its airspace. they are calling for the immediate release of the detained journalist. president biden welcomed the response. the first face-to-face meeting between president biden and vladimir putin is expected to take place june 16 in switzerland. the white house says the leaders will discuss a full range of pressing issues as the u.s. seeks to restore predictability and stability for the u.s.-russia relationship. the two will discuss issues that include cooperation on the fight against the pandemic. a powerful cyclone is set to slam into india on wednesday. the second in less than two weeks. offi