being a defender of the amazon is really dangerous.d, attacked, and even killed. sophie: one month before we visited the guajajara, 26-year-old forest guardian paulo paulino came across illegal loggers in the forest. they shot him dead. we find his father jose in a nearby town. jose guajarara: [speaking foreign language] sophie: no one has been arrested over paulo's death. jose: [speaking foreign language] sophie: a logger was also killed when paulo's fellow forest guardians returned fire and the guajajara villagers now live in fear of revenge. franciel: [speaking foreign language] ♪♪♪ ♪♪♪ sophie: as we leave guajajara land, we hear that a convoy of indigenous leaders has been ambushed by gunmen, not far from the area we had just been. two members of the tribe are killed. fires on nearby farms continue to burn. ♪♪♪ ♪♪♪ sophie: we're now traveling into para state, which has the highest rates of illegal land clearing in the amazon. ♪♪♪ sophie: it's very remote out here. the roads are unsealed and there's no phone signal. we're told that

today amazon buying into the doctor's visit amazon bidding $4 billion for one medical as it pushes further into healthcare. shares are on pace for the best month since the pandemic and later, we're talking tesla stocks up despite the declining margins as the company dumps most of its bitcoin holdings the ceo of binance, exclusive this hour coming up. >>> we'll kick off today's feed with amazon's big bet on healthcare this morning. the company announcing plans to acquire one medical for $18 a share, in all cash deal valuing the primary healthcare provider at almost $4 billion shares of parent company one life healthcare are skyrocketing on the news, up more than 65%. the deal expands amazon's growing presence in healthcare, adding depth to the company's offerings, like its online pharmacy, which launched after its acquisition of pill pack, and telehealth service amazon care but most notably yet another example of the company putting dry powder to work as tech valuations slump if this deal is approved, it would be amazon's third biggest acquisition, trailing only its purchases of whole foods

for amazon. tough challenge for amazon. emily: is amazon and a better position because they have aws and cloud computing units? something that walmart and target don't have? tom: absolutely. if you look at amazon and go back to the third-party unit sales, their relative profitability is clearly the highest and cloud computing and strong in advertising. and much higher on third-party retail sales. so we compare them versus walmart or target, cloud computing helps a large percentage of their sales from third parties rather than through amazon. emily: let's talk about some of the challenges amazon has had coming out a couple of years of pandemic spending. they grew too fast, built out warehouse capacity to quickly. they haven't been able to fill that space. how much of a headwind will that continue to be? tom: it is a headwind but the data suggests they had 100,000 less employees between the march order and the june quarter. amazon is more noble adjusting had -- nimble adjusting headcounts when it c

we have known about amazon's health-care ambitions. why is amazon buying one medical?is is the third biggest deal after whole foods and mgm. amazon gets access to hundreds of thousands of customers. this is amazon trying to make its mark and pushing into health care in a big way. they bought pill pack. this is them getting deep into the primary care market. the deal took some people by surprise, but i think knowing how good amazon is with manipulating data and analyzing it, it will be interesting to see what they do with one medical, how they use the whole foods channel, if they combine those things to offer memberships or services where you could get blood pressure checks at whole foods or something like that the way you can return an amazon package at whole foods. emily: for one medical customers, what's going to change? >> there are many details we know so far. we know that one medical had been burning cash. the stock was on a roller coaster. this will help it expand a little more quickly and probably push into new markets. beyond that, we are waiting on more detail

and for amazon, theoretically, they could avoid fine, so that would be positive for amazon. but as i said, it can take a couple of time until this comes and then basically what amazon, what else to do with be ahead of time. because at some point in the near future and amazon probably anyhow, what if it changed their policy? they're about, as i said, so they're trying to avoid those fine too, if the you agree. so that could be applied positive for amazon. right? yeah, we're talking about those policy changes getting ahead of them. we know that the european union plan to address other accusations against amazon with the digital markets act, which is supposed to go into a 4th next year. tell me r u. s. tech giant, worried about this regulation here. christine yodi is say take j n. so it's, it's against amazon. it's against google. it's about meta, it's a couple of companies. so where the european union is aiming at that mean there is the saying america innovative and of the european union a regulate so, but that actually does not have to be such a bet. and things so detect gian

in return, amazon prime subscribers in the u.s. will get one year of grub hub plus added to the list of benefits. take a look at the shares of grub hub competitors, uber and doordash dash down about 8% these companies have been moving into things like beauty, electronics, convenience that's amazon territory right there. so this perhaps is amazon saying i see you guys, i'm going to keep tabs on you and i'm going to help the number three player. >> indeed. it's somewhat of a tricky game though, i think. here is a service that amazon is adding to prime that they don't control, and grub hub hasn't done that great in this space, so the risk to amazon is they add a number three and to consumers it feels like they're adding a number three, and the value of prime perhaps gets diluted there. it also highlights the strategic importance of consumer subscription services, carl, and inflation market eventually, perhaps even as we speak, there's going to be pressure on all these services to show value either by adding more things to what they're

the european commission is asking amazon competitors for feedback on the proposed settlement and amazonengaging constructively. is proposing? >> i think they are meaningful. a proposal to buy a second project. -- product. not just what amazon recommends, but a second-tier. if you went inside the seattle for amazon they said they are fine with this. they have to promise they are not going to break the rules. and offer sellers another option to be seen. emily: obviously big tech is facing regulatory scrutiny around the world. it is what amazon doing potentially a harbinger of compromises to come from others? >> this is the compromises that would like to see. they would like this more than antitrust bills being kicked around in u.s. congress which strikes them as a more structural risk. they do not want to do anything that changes how they run their marketplace. and their retail website at its core, this e.u. thing is that deal for them. emily: you are reporting today that unionization efforts at amazon warehouses in new york are losing momentum after a major victory at at least one wareho

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so if for amazon, theoretically they could avoid a fine, so that would be a positive a for um amazon. but as i said, it can take a couple of time until the sun comes and then a basically what amazon would also do is be ahead of time because at some point in the near future, and amazon probably anyhow, would have a changed their policies. they're about, as i said, so they're trying to avoid those fine. so if see you agree, said that could be a slight positive for amazon. right? yes, we're talking about those policy changes getting ahead of them. we know that the european union plans to address other accusations against amazon with its digital markets act, which is supposed to go into a force and next year. tell me, are you as tech giants worried about this regulation? here, christine yodi is say take j n. so it's, it's against amazon, it's against google, it's about meta, it's a couple of companies. so where the european union is aiming at, i mean, there is a saying america innovative and of the european union. a regulate sir, but that actually does not have to be such a bet and things

amazon will hit on something where they can make a lot of money.sition of mgn, they have rights to the thursday night nfl game. what is uc going forward? jack: the purchase of mgm makes it look like the serious hobby. it is a giveaway for retail subscribers. they don't have to hire someone, they run the cloud. is a chance there was serious market share. streaming economics for now and makes me wonder about netflix and the cash flow it will reach. ben: the ftc might not let them do that. jack: round tail members get their ideas for the coming week and jack says there could be trouble for tiktok. al customizing your car insurance, so you only pay for what you need. if anyone objects to this marriage... (emu squawks) kevin, no! not today. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ we hit the bike trails every weekend only pay for what you need. shinges doesn't care. i grow all my own vegetables shingles doesn't care. we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people

amazon is just as good as in the pandemic high. the challenges that amazon faces are significant, but i might argue that they are challenges that the entire market faces unions, apple has union issues, too. overcapacity, sure speaking of overcapacity, last september i talked with andy jassy, his first interview being ceo. >> we think we've probably experienced 18 years of growth in 18 months just to give you an idea, john, we spent the first 24 or 25 years of amazon building a very broad fulfillment center network, and over the last 18 months to two years, we've had to double that footprint so it's an unprecedented demand. >> they got their ankles broken on demand, carl, coming out of the pandemic i'm sure the fed can sympathize there. but with their size and with their diversification and business moldel, they might be better positioned than others to figure out what's next >> we're going to find out definitely with some of these inventory levels i don't know if you saw the story in the journal over the weekend, dee, about target

however, once again, wall street doesn't care about amazon's profitability. two straight quarters of a loss and this quarter at the low end, operating income could be zero dollars. is that risky? if markets turn again, they value value more, could that be a leg down for amazon in the back half of the year? >> i think the trajectory here on amazon is definitely higher in terms of margins and profitability. they've been going through a really tough period in terms of really absorbing a lot of the inflationary costs, passing less than a typical company would along to consumers or businesses we're starting to see them rationalize capacity volumes will grow into the fourth quarter i think the profit outlook here is actually -- looks a lot brider ahead than what we've been battling with for the last several quarters >> lloyd, amazon did a lot better than some folks expected in this quarter. but i wonder from here, especially as we look to q4 and beyond, is a bet on amazon also a bet that we get either a soft landing or just a very short mild recession >> look, i th

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losing share to amazon >> walmart losing share to amazon >> absolutely. losing share to amazon and people who steal and fence it on amazon >> that's -- that is a thing. >> you know that home depot and lowe's would tell you people steal their own brand and then you see them on amazon, but it's not -- the money doesn't go to home depot that's because the pill fringe is something no one is willing to talk about. it's time for retailers to say -- in the old days before you had sensemattic in the '80s, you would hear how much was stolen we had 3% shrinkage or 2% shrinkage. the shrinkage is costanza like at these places. >> you think -- i got the costanza thing >> i was saying -- >> i was about to call you -- >> we know what you meant. was this the best of the megas >> yes it was extraordinary you know, it's funny, the cut and dry nature basically are you guys seeing trade. no decline. no andy jassy, i was told, the last quarter, it was one of those he was throwing things and had it, and he basically was belichick he was belichick he was not going to allow anot

apple and amazon on the move here. amazon still holding on to the 12% gain. is back with a break down of the cpaomny quarters next. check out phizer. the move sparking interest in the options market. the details when fast money returns. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. >>> welcome back to fast money. we have another report on roku. shares plunging 25%. that's the worst drop on record. >> that's right. roku missed expectations on the top and bott open line and most concerning for incestors it gave a graham warning about what is a head. guiding to 3rd quarter revenue of $700 million. that's far short than $902 million that analysts anticipated. the ceo anthony wood writing to share holders, in 22 there was a significant slow down in tv advertising spend due to the macro environment. that pressured the platf

amazon gets the top spot, unseating the ten-year what an 11.4% will move on amazon off earnings. the ten-year is number two buying today more pressure on yields, 2.66 is the tenure and that is helped with stocks rebound this month apple is up almost 3.5% off earnings and the two losers which are intel and roku we'll be right back. >>> take a look at shares of roku the stock is plunging now down more than 23%. it was a miss on the top and bottom line. roku blames macro economic issues and they took a hit from the joining ad spent sweata just downgraded roku cutting the price target to $140 a lot of the analysts stuck with their bullish views on the company and on the stock, after the conference call when anthony wood said this is temporary, this is what you would expect to see in a difficult macro economic environment which is businesses cutting back onnard spending. why did you see it as a game-changer. >> thanks for having me. because of a few reasons one is that roku is facing almost like a double-whammy the not only slowing top line growth but at the same time their continuing

over the last two years, it is a disaster for amazon. amazon is down 21% versus the queue is up 13. the risk for amazon is somehow it does not do well on its earnings. let's look at one final chart, amazon. have a lot of overhead supply and immediately above and you do have a gap to fill. i am thinking we will get a nonevent. it moves a lot during earnings and has moved a lot. maybe this is a push this time and amazon is right where it belongs. >> mike, you are looking at amazon? >> i am with carter here. first of all, over the course of the last two reporter quarters for amazon, we had big moves. two quarters ago, we got a big pot and most recently we got a big drop. should the stock is down under 27% year-to-date, underperforming the nasdaq. of course there is good news for amazon, a lot of people noticed. aws is growing at a great rate antifeminist margins, 35% plus. a lot of people are looking for potentially 40% margins. i think the $1 trillion gross market value that everybody is looking out for 2025, i think that is very much still insight. the important thing i would point o

as always, expect supersized savings on all amazon products like the amazon basics collection and techs, and tvs. >> we are seeing an early offer on a 55-inch fire tv for under $300. that's $60 less than it was during black friday of last year. >> but this year, experts say consumers should focus on everyday essentials instead of those big-ticket splurges. >> paper towels, batteries, trash bags. it may not seem like the most glamorous thing to buy, but it is something that we can all use in our house. >> with inflation and high prices at the grocery store, prime day proving an opportunity to stock up on things like shampoo, snacks, and paper goods. >> we typically see discounts of about 20% to 25% off on some of those household essentials like paper towels and toilet paper. with the cost of everything going up these days, it's a good time for people to tap into those savings. >> now is also a good time for families to plan ahead. if you've got kids' birthday parties to plan for, family functions to stock up for, or apparel you know you'll need in a few months' time, buy now. speaking o

basically every big box store is having a deal event to compete with amazon prime anticipated amazondeals include this 50 inch 4 k tv for just $100. a video doorbell for $35 for kids kindle for $50. that's more than half off and protest. adults can use it to its one of the best times to shop for amazon devices specifically. and there are a lot of really great things on devices available on prime think friends including amazon echo fire tv and ring. there's also a promotion if you buy an amazon gift card and don't worry, you can apply it to your own account this year. if you purchase a $50 amazon gift card, you get an additional 12, 50 in credits to use shopping in more amazon credits by buying a ticket or merge for the movie lightyear or elvis for a total of $15 just in related credits. there's a stamp card promotion complete for amazon prime tasks to get a $10 credit and to boost your savings. check out the slickdeals cash back program. currently we have a percent cash back on amazon devices. my advice remains the same every year. start putting items you actually want in your amazon

i trust my current health care compared to amazon?re's always concerns when you have data and technology mixing. these large tech companies sell our data. i talked to amazon today. they said we will not sell the data that medical one gives us. there is still that concern and i think it's legitimate because if you talk about the echo or the ring doorbell and lots of other things that these large companies have done, they haven't been totally honest with you. >> facebook is an example. >> perfect example of this. it's one thing to say, hey, your political data is being given to advertisers. what about your health care data? amazon and other companies need to show it is sacrosanct and locked up and health care among any business in america right now is really, really ripe for disruption. >> i was going to say that. this is something we actually a will the of people want. it's something more cleaner. it seems like our health care system is archaic. >> what is more encouraging is amazon is kick starting other startups to say we can do this

over the last two years, it's a disaster for amazon. amazon's down 21%, versus the qs up 13. the risk for amazon is that somehow it doesn't do well in its earnings let's look at one final chart, amazon so you've got a lot of overhead supply immediately above, and you do have a gap to fill. i'm actually thinking that we're going to get a non-event it moves a lot during earnings, but maybe this is a push this time and amazon is right where it belongs fwlc >> so mike, you're with carter here >> two periods ago we got a really big pop and then a big drop and the stock is down just under 27%, underperforming the nasdaq as he points out now of course there is good news for amazon we've got aws growing at a great rate it has very nice margins 35% plus, a lot of people are looking forasmuch as 40% margins. the $1 trillion gross market value that everybody's looking at for 2025, i think that is very much still in sight the important thing i would point out that creates headwinds is that their sales pmargins wee actually quite miserable the and the other thing is that they've pushed th

how does one medical fit into amazon's plan? i'm hopeful with this acquisition is that amazon can take its abilities and focus around how they make products and services more convenient, more affordable, and we've seen that in in so many walks of life and bring that into american healthcare. we have a problem in this country with primary care and a lack of affordable, convenient, high quality, accessible primary care. too few people have access to primary care doctors when you look at underserved communities, whether that be rural or within our own urban centers, that problem gets even worse and too few people have access to that kind of primary care. and so i'm hopeful that what this does is bring an injection of new ideas, new investment and new capital into growing out more primary care infrastructure. in this country that's badly needed. even touching on this. amazon is definitely a company that most people are familiar with. it certainly changed the way that we buy things online. get more specific. how do you think this lat

today is also amazon's prime day. doesn't seem to be as big a deal as in the past, and maybe that's by design. does amazon still want retail to be its loss leader and bill ekman's spac couldn't make the deal. is the spac model flawed first the markets, where we're seeing a lot of green. >> we'll take it after yesterday's losses the dow industrials up about 150 points, one-half of 1% advances there. right now, 31,330. the s&p 500, up about one quarter of 1%. similar percentage advantages, up 32 points 11,408, the last trade again, positive. it's not gangbusters, but the bulls will maybe take it, given what we've seen over the last several days in terms of market action one place we are seeing a little bit more of that activity is in the gold side of things. kelly did mention that dollar string translating into 20-year lows for the euro. the dollar advancing advantages does have an impact on commodity prices like gold gold has been historically viewed as an inflation hedge and if the 17% declines are indicative of anyth

because amazon has unrealistic expectations and they want, that's a pay living wages. our number one priority is that we work a hard, green hours, worked on an honest job. and we generated so much, well for job measles. when wealth didn't, none of it will trickle down, so's amazon tote as their workers do, receive competitive salaries and pay. and this is what they told us about unions. our employees have the choice of whether or not to join a union. they always have, as the company, we don't think unions are the best answer for our employees. i'll focus remains on working directly with our team to continue making amazon a great place to work. but it's not just amazon. starbucks has seen more than 180 stalls file a petition to form a union and counting. google and apple have also seen union activity. janera ties knows both sides of the battle. she worked at the end r o b for 10 years. the federal agency that enforces labeled now she works with companies as a labor and employment law partner, and i commit. she's not certain whether this trend is a new labor movement. if

amazon by its own admission has too many people.orms are laying off people, although it could still grow. i think we will see massive layoffs at many financial tech companies. this might even hit computer scientists and coders, area was where demand has been steady for ages. it will be a different factor in this economy. i think it will offset whatever small and medium-sized businesses we have still growing, resulting in a more balanced employment report. i expect labor department numbers to show a cooling. not with a bang, but a pastiche, a whimper. the only question is when? will we see the slowdown friday? possible, but if not, it will be next month. >>> a surprising turn in the case of the man charged with murdering seven people at a fourth of july parade. i'm shepard smith. this is "the news" on cnbc. >>> the highland park shooter confesses. >> he admitted to what he had done. >> his story to police in detail including what happened after he ran from the scene >>> plot thwarted. another mass shooting planned for another city >>

globally amazon is the top hyperscaler.ing more than a third of the infrastructure as a service market with customers including verizon, vanguard and disney there have not been many reports on cyberattacks stemming from the russia/ukraine war but they are happening and at the conference today up in boston, the keynote is to cussing on the emerging trend of zero trust architecture to protect data >> when you're talking to customers are you advocates for them to move toward the zero trust architecture >> very much so. the implementation of zero trust and the way of reducing individual human access to data helps both in the ransomware situation but helps against those nation state actors as well if you look at a lot of them, their favorite way to get access to data is by finding the identity of someone who is authorized to access it already. they do that for two reason, one, it's much easier than using a super sophisticated tool, the second reason is it's much harder to detect >> now, according to them only 10% of using zero t

he's on his way to his workplace, and amazon warehouse in gonna north carolina. his to president of course, carolina, arizona, in st. united for solidarity and empowerment. a group trying to build a union at this facility. it's one of the only handful across the us with ryan and his fellow organizers say they're fighting for better working conditions. because amazon has unrealistic expectations and they want better pay, living wages. our number one priority is good, we work a hard, green hours. we worked on an honest job and we generated so much, well for jeff bezos. when wealth didn't, none of that will trickle down to was amazon towed as their workers do, receive competitive salaries and pay. and this is what they told us about unions. our employees have the choice of whether or not to join a union. they always have, as a company, we don't think unions are the best answer for our employees. our focus remains on working directly with our team to continue making amazon a great place to work. back of the warehouse in north carolina. these 4 kids say they are deter

amazon is pausing work on 6 new office buildings due to labor shortages . a middle shift to hybrid work pandemic has changed working conditions for people across the world, of course. and it's pushed some amazon workers in the us to unionize to fight for more rights. in april, the 1st successful union in new york made headlines across the world. now a handful of others have joined to one organization in north carolina dw went there to find out more. ah, what brian brown is on a mission. he's on his way to his workplace. an amazon warehouse in ghana, north carolina, his to president of course, carolina, amazonian, st. united for solidarity and empowerment. a group trying to build a union at this facility. it's one of the only handful across the us with ryan and his fellow organizers say they're fighting for better working conditions because amazon has unrealistic expectations and they want better pay living wages. our number one priority is good. we work a hard, green hours. we worked on an honest job and we generated so much well for job measles. women weal

up 11.6% for amazon. we will have much more on those results as well as apple throughout the show, today. first, we have got some breaking news over the last minute or so in london. we will send it over to roseanna. >> we do have some serious economic data to bring you. gdp preliminary for the second quarter compared to what you saw stateside yesterday. this morning, we have had a .7% preliminary figure for the second quarter for gdp for the entire area to beat expectations. it was .6% growth in the first quarter. it is something of an expansion. we are not getting that technical recession. the other key is this inflatio . these flash figures, that much expectation, around 9% for the second quarter. eight point million %. we are seeing riproaring inflation. europe is very different when it comes to a collection of countries. you see inflation at 20%. it is a different country and a very different picture. germany on the flatline, so far. italy beating expectations around 1%. the euro dollar keeping at 1.0

they talk about the amazon region because it's trendy, it's a fad to.n region is not being devastated, they are politically doomed to fiasco. it's politically good for them. criticism yields power, it yields media visibility, yields votes and that is what celebrities feed on. they are not at all familiar with the amazon region, they are not at all knowledgeable about the region and the difficulty of investing in it. they just criticize it because it's a fad. >> tucker: you don't seem that bothered. have you enjoyed being president of brazil? >> i must admit i first launched myself as a candidate, of course i intended to become the president but i was all too aware of the challenges and the difficulties and the experiences we have undergone or i have undergone, i could've never imagined imagined what it would look like. i am comforted by the fact that the other candidates, the workers party candidate, if he had won, brazil would certainly be what venezuela is today. that is a source of comfort to me. that encourages me to the state of the population, god

lauren: take a look at amazon shares today.ay, it's today and tomorrow, but the company is offering many deals including, you ready for this? a of 65-inch alexa built-in 4k smart tv, originally 2500, now $1600. apple air pods pro originally listed at 249, now they're priced at about 170 for a savings of $79. but, look, the theme is inflation. it continues to hit consumer spending, and shop isers might look to take advantage on filling their shopping carts with necessities instead. and that is a theme we are expecting to see. let's bring in our two guests to talk about this. we have nick jones with jmt securities, an internet equity research analyst, and katie thomas. nick, katie, thanks for joining us. so, katie, is that really the trend this year, people are shopping for, like, diapers and baby wipes and pape you are towels -- paper towels instead of that fancy tv? >> we anticipated a shift in that direction, yes, lauren. historically, consumers have loved prime day because its summertiming allows them to shop for themselves g

amazon batteries. the double-a battery they're making money off of are much lower than the competitor. >> interesting to see how they do it. have a good friday and weekend. >>> 4:42. helping war-torn ukraine. next come the weight one lol next come the weight one lol ca one fateful morning, while at your daughter's little league game, you will make the most iconic catch in the history of the tucson toucans. many will claim it was your unusually long arms, but you'll know you're just a regular armed mom in a fabulous top you got for an amazing price at marshalls. anything can happen with a top like that. flex alert! flex alert! you got for an amazing price a power outage is looming. that's just alert, he's always getting worked up about something. flex alerts notify us of preventable power outages. that way we always know when to help stop one. okay, flex, just drop some knowledge on me again. oh okay, i will. i'll turn our thermostat to 78. i'll unplug the blender. the hair dryer. - my blankie? - yep! -

prime to head up amazon health care. they could perhaps, you could envision them prying to bring it all together because they've tried to market amazon care, their virtual service which they use for their own employees. pill pack hasn't found traction with that either i remember talking with some amazon health care executives saying why aren't you bundling those together now when you put in in-person care buying one medical, which had been shopping itself around like so many of these companies, they came public back in january 2020, ahead of the pandemic, it did fabulously well. and like a lot of these health tech firms they've seen their valuations just crater over the last year and just not really gain enough traction so this will give amazon a physical and virtual infrastructure there have been some reports that cvs had approached one medical as it tries to build out its in-person care at its pharmacies this is where everyone in health care is looking. you want to be able to have both those capabilities you want a fro

amazon was out 21%. the risk for amazon is somehow it does not do well on his earnings. let's look at one final chart. you have a lot of overhead supply and you have a gap to field. i am actually thinking we are going to get a nonevent. it moves a lot during earnings, but maybe this is just a push this time and amazon is right where it belongs. >> my, you are looking at amazon? >> i'm with carter. over the course of the last two reporter quarters we had very big moves. two quarters ago we got a big poppa most recently a big drop. the stock is down just under 27% year-to-date, underperforming on the nasdaq. of course a lot of people know this, we have aws growing and a great great and has very nice margins, a lot of people are now looking for potentially as much as 40% margins. i think the $1 trillion growth market value that everybody is looking at for 2025. i think that is very much still in sight. the important thing that creates headwinds is there are sales numbers and margins on these numbers in the most recently reported quarter that were quite miserable. they have

it gives amazon access to boutique primary care offices.tha coombs joins us we've seen a few moves in this space before. >> this helps them leapfrog what they have been trying to do. they announced that they wanted to build out brick and mortar primary care facilities to go with their amazon care virtual service. this gives them a footprint. as elizabeth anderson over at evercore notes, it also gives them the infrastructure because one medical has relationships with health systems like mount sinai here in new york, mass general in boston, and they also have relationships with insurers so that's one of the things that helps amazon now build this out faster and it gives one medical a lot of backing to be able to expand faster than they would on their own. >> a few things stand out here one, bertha, the premium that amazon is paying, 80% to the closing price yesterday, not too shabby and then just the overall broader who is going to be scared of this move. whenever amazon reaches further into another industry, there's always that fear factor,

let's look at amazon. proving its e-commerce power in the computing business helping turnout revenue that consumers can offset. it gave revenue forecast of 17%. that relieved investors. it had the best month since 2009. particularly from the consumer angle. what's amazing is before the earnings, we were worried about what walmart was suggesting and asked by. then, amazon shows its power and prowess. >> and relief. that's exactly right. there were these expectations then the results blew the concerns away. investors were very relieved that amazon had resumed growth up to 17% in the current quarter and also they shed about hundred thousand workers and they got their spending under control. there were concerns about overbuilding and having too many people. investors were worried how long that was going to last and drag on. this quarter, they showed they are starting to unwind that and starting to see more positive signs. >> anymore details from the call yesterday? they spelled out how they were going to manag

amazon is saying we need help. they tried to solve this before so what does amazon try to do in the past to combat this problem? >> in the past, they have taken legal action against some of these companies and they also monitor for these types of reviews before they're posted so they can prevent them from being published. it is a hard problem to solve, because most of the time, these scams start on platforms that amazon has no control over, like facebook, for example, but they also start with the customer sometimes. the way these scams begin in certain cases is an honest shopper might buy something on amazon only to open their package and find an insert that has a qr code or a website or something similar pointing them to a facebook group or a website that coordinates the incentivizing of the fake reviews or in some cases, the insert will just flat-out offer money or a gift card to write a positive review. so that is part of why this problem is so difficult to solve, because a lot of it happens, a lot of the coordi

so joining us now with the bull case for amazon is jason held ofsteen of opepenheimer. he has an outperform rating and with the bear case for some balance here we have barton crockett, rosenblatt securities who has a hold rating on amazon and a $107 price target. jason, barton, thank you very much we will start, first of all, with jason he's going to make the case because this is a stock that is obviously on people's shopping list, if it goes down in value why does it belong there, and how high could it go, jason? >> sure, so this is a business of today that the market's basically valuing the retail business at zero or less than zero so when you take a look at the aws business, i think it's ironic, two internet/media analysts, you know, talking about this company when effectively 100% of the value today or most to have is actually the cloud business. so if you put 25 times next year's aws profit like ebit including depreciation and then you put ten times on advertising this year, eight times next year eb ebitda, assuming a 65% margin, you're basically paying, you know,

that did not happen in this case amazon continuing to trade down.retail being an area of opportunity. what about amazon web services are they seeing more competition from microsoft or goiogle or other cloud players? is that a concern? >> amazon is a distant leader beyond microsoft and google and other fast followers they have more than 30% margins. it is annual revenue business. they are adding more services at a clip that no other company is doing. on top of that, i feel amazon web services is on the cusp of integrating hardware and software that could disrupt many others in the space. there is more green room for web services i feel they still remain under va valued and positions are something that we could have positive surprise over the next 6 to 12 months from aws. >> all these high names with a strong bull run. now cut back on spending what comes to mind is netflix. that stock down 70% this year. when it comes to amazon, where does it cut back on spending how does prime video hold up amid all this? >> to some extent, they have already shown hi

last night and today. >> amazon you make the case. why do you think they did manage to buck the broader trend that we see across retail with massive head winds does that piece of the business mat matter >> we think about amazon in terms of prime what am i paying for as a customer time savings on the retail side and whole host of services that come with prime from media to grocery to gaming. whatnot. so at the end of the day this is a company that can continue to propel that flywheel forward and they did exactly what they said they were going to do. if you read the first quarter transcript the cfo said do not be fooled by the revenue growth numbers you see and every reason to believe it would reaccelerate back to the averages of 20%. they guided to 21% the revenue dwroet is coming back demand is not articficial to drive leverage now and down the road. >> you think the stock's a double in the next couple years. what about apple do you like it like amazon >> i do but we don't own as much given the fact that the valuation, it is fairly va

you know, amazon. so it's a very bad idea to pay these roads and really to continue to develop this, this way of developing infrastructure rolled infrastructure then, which is the main driver of the for a station. and now also the main driver of the explosion of organized crime, etc. in the amazon, well that's what i was going to bring up next. was the, the spin off effects. it's not just the environment, it's the illegal logging. it's the illegal mining that becomes possible. it's the fishing, the over fishing that happens on a coast drug running as well. all of these things go with exploration of the amazon and will increase with more of it. absolutely, of course, i mean, this is legal crime. they happen even with approval transportation systems. however, as soon as there is opening enrolled, then the legal lent, grabby becomes exponential. and then all the other, the organized crime will act together in the this illegal and grabbing miami, fishing wildlife trafficking and also drug trafficking, expl