well there's always this competition between apple and amazon when you take a look at the valuation of amazon amazon is estimated to have a valuation of about eight hundred and eighty billion u.s. dollars they could be the next to hit the one trillion us dollar mark that have been fired for saying here. and here's another tech industry landmark for you air b.n. b. turns ten years old today the home sharing website has disrupted the travel industry like none other shaking our business models turning tenants into hotel is and putting small independent hotels out of business in the process b. and b. is one of the first to capitalize on the so-called sharing economy but resistance is growing fast in many places around the world from residents and regulators alike . munich has the highest rents in all of germany it's also a major tourist destination some residents here earn good returns off the air b.n. b. apartments as these officials in the local authority know only too well meaning homeowners and tenants need a permit to rent out their apartments for more than eight weeks a year. the investigators sus

movements and that type of speech can be banned in germany so we took a look at the german version of amazon amazon dot d e and i was actually shocked to find many of the same books were listed there and also all the used copies were being offered here which could actually be a violation of german laws right on news reports and tilton thank you very much for looking into this fascinating story for us. in cricket the first test match between england and india has seen the hosts claim victory on day four in what has been a thrilling series opener england all rounder ben stokes starred in the second innings putting on a brilliant bowling display to claim four wickets india's captain star player virat kohli being the biggest of the bunch for the second test match will be played on in london at lord's next week. some transfer news now is via munich has sold chilean midfielder arturo vidal to boss alone a deal worth a reported thirty million the thirty one year old joined by and from eventis back in twenty fifteen claiming three bundesliga titles and one german cup during his three years fell in bavaria

amazon and to their own website. within their catalog, they have amazon exclusive products you can only buy on amazon and they use theirebsite. february 12th, two days before valentines they knew shoppers needed it overnight. they sent shoppers to amazon. if you want this product and you have prime, go to amazon and buy it. >> interesting. once you are on amazon, it's important to get reviews. i know i always look at the reviews. sure, you can get all your friends and families to go on and review, but how do you get thousands of reviews? >> start with what you can and cannot do on amazon. do not ask friends and family to come and give reviews for you. amazon has a policy that states anyone with a financial stake in your business should not leave a review. >> how do you get customers to give reviews? >> one, you have to build a great product. if you don't have a good product. >> of course. everyone needs to build a good product. how do you get them to do it? >> build a brand experience on amazon. a lot of fans miss it from the listing to your photos to your product description to an hansed brand content and product pack

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

well there's always this competition between apple and amazon when you take a look at their valuation of amazon amazon is estimated to have a valuation of about eight hundred eighty billion u.s. dollars they could be the next to hit the one trillion us dollar mark down a coping fine for thank you. here's another tech industry for you ambien b. is ten years old today home sharing website has disrupted the travel industry like none of us shaking up business models turning tenants into hotel years and putting small independent hotels out of business altogether b. and b. is one of the first to capitalize on the so called sharing economy but resistance is growing fast in many places around the world from residents and regulations alike. munich has the highest rents in all of germany it's also a major tourist destination some residents here only good returns of the air b.n. b. apartments as these officials in the local thought are you know only too well meaning homeowners and tenants need a permit to rent out their apartments for more than eight weeks a year. the investigators suspect a tenant here of illeg

that doesn't know amazon so when you're going out and you want to turn around you want to buy something or you want to get somewhere do something you just think it automatically amazon amazon so it's really hard to compete with them but i think the nice thing about that is enough like sense of the world and even apple that's starting to get into this to where the content is and they're starting to go before amazon so it's not that they won't look into it but they're starting to do beforehand but i don't i don't have necessarily a lot of conviction that amazon would be some place that i'd want to go and buy a subscription to watch a show or think that they would produce some great shows because everything they've touched has not been the type of quality that you've seen for people who really focus on that thing whatever those are doing whether it's food shopping whether it's team being whether it's production content whatever it happened retail clothing whatever happens to be super interesting and insightful and intelligent as always most of the c.e.o. of the start of those things was anglia. and turning now to the issue of infrastructure the sickly broadband internet acces

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

amazon. because amazon's advertising business is like an atomic bomb. it's just exploding everywhere people are starting their searches on amazon and that's on mobile, that's on desktop. at what point does owning amazon and google become incongruous because they're going to start coming after you or does it never happen because digital search and digital advertising is so big? i don't know the answer, i'd love to hear your take >> never say never >> okay. >> just putting numbers around the advertising number i think it's expected to annualize at $4 billion. for amazon, the treatment. and let's go back to aws, where it was, and where it's going with the margins google is so much more than -- i know it's advertising, but it's so much more in terms of the platform that we have, the youtube, the phones, google maps there's so much more and i think what you highlighted which is the key point, the market is huge and digital, as a percentage of the overall ad spend is still 40%. >> right >> do we think it's going higher yes. who is going to take the disproportionate portion of that pie? that guy >> it's coming from tv >> it is coming from tv. there's still a $7 b

is a target of criticism from donald trump but this time amazon is going to battle with bernie sanders. amazon's firing back. amazon calling in accurate and misleading accusations by sanders who said he will introduce a bill requiring large employers like amazon and walmart to pay a, quote, living wage. sanders said that amazon isn't paying its employees and of suggesting a lot of them get government assistance, medicaid, subsidized housing in order to make ends meet. amazon disputing those claims saying they pay their full-time associates $15 an hour on average, inviting sanders and his team to come to one of the warehouses. we will see if the president weighs in on this. >> you never know. >> i remember when i was a kid. >> clear beer is in. >> not just clear beer but clear coffee, clear drinks that taste like coca-cola so this is the latest trends in beverages in japan. they want to make these drinks look like water but they are flavored. they say consumers want to think that still taste good. rob: doesn't look like it tastes good. that is the problem. jillian: we should get some and try it. jillian: time for th

amazon workers. amazon strongly denying it. what is your take on it? >> the message amazonere is not same message that employees are saying. i don't think it is about bernie sanders. about having a consist extent message. i know individuals work for amazon saying same thinking bernie sanders is saying. we have to look at metrics? does amazon have data and measurable outcomes to set forth the claims. if they do not, we need to look into the ways they're treating employees. liz: this is about possibly unionizing amazon warehouses, right, amy? >> it is. they're attack somebody that has creating jobs. amazon created 130,000 jobs in the last year and i'm sure those people are happy about that. he talks about food stamps. it is actually called snap. he needs to get with the program. i'm glad to see amazon push being back on him. bernie should fire his fact checker, you can't compare, you cannot compare one employee may have two children, one employee at certain hourly wage may not qualify for something while another employee who has children may qualify for something. it is apple

place now for amazon to just steal their, business. >> it looks like retailers are putting up a good despite does that mean that amazon has a tougher time retail has to go down in order for amazon to go up. >> from a retail perspective, i think that's becoming a better fight. i don't know that it may give amazon a hard time, but it's a better fight and because of that fight they have to make aws a real winner for them and they are. i'll bring up microsoft. why? because they're in the cloud and they compete, they've actually slowly been getting market share ahead of amazon. >> and it's another aspect of microsoft and it's forgotten and the amount of money they make on this side, as well. >> it sounds like would you rathering yourself would you rather >> i would rather -- amazon or microsoft and you'd rather microsoft. >> i own microsoft and here's why. the one difference i'll say really quick, amazon right now and i look at p-e and aws and everything else. it's really difficult to say, you know what? i can buy this and feel comfortable going to bed at night because i don't think i can. it's been a great buy for those that jumped in when you look at microsoft and it's trading at

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

by the way, with amazon, amazon's hitting new highs you know what else is hitting new highs? or at least exploding to the upside, every single company that amazon is supposedly putting out of business. you and i talked about this on a couple occasions whether it's target, whether it's walmart whether you want to go all the way back to kroger look at cvs with the nice reboot with walgreens there is competition out there as well. there are a lot of companies giving up for dead that can't compete that are competing with the markets of the world and that's helping the markets hit the new high >> and the emerging markets, i can't feel bad enough for the folks talked into that trade because there's been nothing but pain there the turkish lira continues to plum lower, and as that does, it's dragging their market obviously, it's a part of the eem that we talk about all the time you satake a look at south afri, oh, my god, the place imploding. and not a significant implosion as far as what the impact is to us because they're not a significant buyer. but the people that are down there and are stuck and watching things go nationalized and things like that

amazon. why walk into a market that is so dominated by one player? >> we don't think about brandless as competing with amazon. amazoneverything store. brandless is a community of people that believe everyone deserves better and it doesn't have to cost more. and we can curate and edit a simple assortment of what you're looking for. we searched shampoo on amazon, you will get 20,000 results. you say you only want to see the clean ones. on brandless, we sell shampoo that is not tested on animals. you will get one great shampoo and it is three dollars. is simplified. amazon has everything, we have products we have created and curated for the community that we sell to the community, and it's not a lot of choice, which for a lot of people is very relaxing. it's anti-overwhelmed. emily: you're only a year old. you personally -- >> i would like to say i won him over, but the product in the story and the opportunity to reimagine an industry is what he has built the fund for. he built a team of investors who are joining our board who are operators, who know how to scale things, who see that the cpg industry is really broken.

amazon. -- net and neck between apple and amazon. amazon has been up. hold your breath. ex, does anyone care that they missed on the unit sales numbers? way it matter that while has overtaken them in market share? are there any issues that will make them want to sell stock? >> the china question is interesting. clearly, while way has overtaken them. phonese not able to cell -- sell phones in north america. apple is taking all the value. units, but value in those units. tariffs,lking about and someone said he equated tariffs to attacks on the consumer. i equate that to mean they were -- will pass on the cost of any tariffs to the smartphone buyer. there are already comments about what sort of apposite -- appetite there is to continue pushing the price. if iphones are being pushed higher and tariffs on top of that, that does big questions about whether there is a breaking point and how many more dollars they are able to squeeze out of every phone. ,uy: it is still iphone inc. isn't it? >> yes. guy: that still represents a risk for an investor. >> yes. two things are interes

who will be next >> amazon, movrt, alphabet >> i think it's amazon and amazon has the ability to apple to create the dire and consumer buys that we don't have yet, and their operating margin was $275 and there's more leverage to pull than anybody and they're 15% away. >> they're closest statistically and it would make them the most likely because they're the closest. if alphabet were to do something more on the per share basis that's bigger than apple's they could get there much quicker. >> amazon 8.95 amazon, 8.58 and microsoft 8.25 as of this conversation or thereabouts. >> the bull market is intact and we continue to go higher after next year and ail will be trillion dollar market caps and it's important to remember that the five biggest stocks we're talking about, apple, amazon, facebook and microsoft, they have a combined market cap of $4 trillion that's almost the size of the shanghai company comp when you think about it so this is happening it's a juggernaut. >> that's the sign when we start asking the question, is that the top in the market when you have all of these companies

the mall and amazon eating everything >> so amazon is still eating and tj is off mall. >> i think it's also interesting, the improvement in retail is happening simultaneously with amazon'srating remaining at robust levels we can kind of have a world where we co-exist and amazon does their thing and retail kind of chugs along xbl if the consumer is particularly strong, which it is which they are right now, correct >> deflation and inflation are going to be interesting because at some point clothing is a staple it's a decembiscretionary but i staple we have to be clothed, hopefully. if there's a lot of product and prices come down it's more staple right now it feels we're more in the discretionary edge. >> are either giving commentary what a real trade war with china would mean for price and sources? >> the majority of our companies have moved away in terms of production from china. the companies that have commented on it thus far are telling us it's very demin mus part of the business and apparel is not mixed in. >> i thought 40% of the apparel was made in china and way more percentage of foot wear? has that changed >> the companies we're talking about right now, low end

amazon, in a rare move, they made a public response to bernie sanders. he has spent months slamming both amazon's working conditions and pay, but the tech giant accused the vermont senator of spreading, quote, misleading statements and urged sanders to visit one of the company's fulfillment centers. sanders shot back earlier today, quote: many amazonst person on earth are paid wages so low they can't make ends meet. he threatened to call the occupational safety and health administration to investigate, quote, unsafe conditions in the company's warehouses. president trump has also been a critic. who's going to win this war of words? >> danielle, i'll start with you. i understand that bernie sanders has a problem with big, successful businesses sometimes. people are voluntarily working for amazon. amazon today said, hey, not only you, senator, ask our employees. i think that's a pretty good response, don't you? >> i do. and i, of course, read jeff bezos' response, the average wage for a pull-time worker -- full-time worker is over $15 an hour. they get great medical benefits, they get stock, maternity and paternity leave. the issue was part-time workers, hasn't worked very long. if you're working full time, i don't think you should be needing to get food stamps, there's a problem there, but i don't think amazon is -- guy: part of me

>> i just don't see how they could build a business on the scale of amazon web services you take amazon, outside of amazon services and whatever you think of jeff bezos and his management skill, numerically it is not an attractive business. has low margins, very low free cash flow generation i don't think there's room in the aws/cloud industry for jd to ever make enough money to justify the fact that owning the goods and doing the e-commerce is just not as good a model as joe tsai and jack ma have in alibaba. alibaba is a very, very good business now, you have to have a lot of faith. a few years ago a number of american investors spent weeks writing reports how bad their accounting was and the stock has more than doubled since the ipo, so they have been proven wrong i believe go back to what i said originally if the chinese government wants something to happen, the odds are that it is going to happen because the chinese economy over the last 20, 30 years has grown very rapidly even if it is slowing, the numbers are so staggering. you look at this, they added 15 million users sequentially in the quarter. t

amazon. amazon new all-time high, 1891.51. the stock is up 88%. record close of 2018. apple and amazon are only tech titans to hit record highs in the months of august, thank you, charlie brady, senior editor. weighing an offer to sell the chicago tribune. the stock was halted at one point. you see the big pop. selling off the newspaper business what they're weighing. the stock off 13% roughly. cvs moves to the upside, up about 4% on a day of good profit numbers, also defending their pharmacy benefits business. that was a bright spot. last but not least, we talk about michael kors passed estimates. did very well thanks to the jimmy chu line in particular, changing up the way they have been marketing that. the stock hit a new 3 1/2-year high of 70.99. we anticipate and wait for 21st century fox earnings but analysts are very optimistic. they're expecting earnings to jump about 50% year-over-year. we'll wait for that. good news on cable and affiliates. david: nicole, thank you very much. oil slammed today, closing down more than 3%, now near a seven-week low. phil flynn, what happened? >

everyone uses, it's an analogy that makes sense it's 1999 and the internet stocks >> if we look at amazon, amazonits peak, it took nine years to recover from peak trough back to peak. you had to recover your value. if we look at intel, 15 years. microsoft 17 years new technologies, take a long time to understand and i think what we saw in crypto is this massive runup, where everyone got fear of missing out. what it caused is a speculative bubble, and we talked about bubbles and capital formation a lot. all of that is getting deployed into building real businesses that serve a real purpose. it's a story that's going to take some time, we're experimenting with that narrative, we're starting to see real traction. a lot of it is defining the data points i don't think this is new. any time there's new technology we're trying to understand and bring into the market. it's a question of finding the right data points, getting that message out there, and telling that growth story to investors who are looking for value and growth >> what are some of those metrics, louch is traded, if you don't like price, y

amazon and apple. i love talking about these names. apple seeing its best month since 2012. amazon continues to power higher and this is on the back of a very bullish price target increase by morgan stanley. they have just gone bullish, probably the most bullish on wall street, $2500 is the price target they have slapped on amazon. amazon today with pretty positive news, the information reported they are developing a television service they are currently in negotiations for older television shows and movies to provide content and that's boosting amazon shares but hurting roku stock as well. i love talking about retailers because we have the dick's sporting goods reporting results today. dick's sporting goods is being hurt in the quarter, reporting lower than expected same store sales because of tighter gun controls. dick's was one of the first retailers to stop selling assault rifles, high capacity magazines as well as selling guns to people under the age of 21 after that tragic shooting in florida in february. that's dragging down the rest of the retailers today. macy's, kohl's and american eagle reporting results. guidance soft for the rest of the year. back to you. david: just extraordinary. thank you very much. oil surging today. near a three-week high. also we are hearing about gas prices that are on the w

amazon. amazon trying to become a member of the million dollar market cap club. not happening yet. amazon is close. it has to get to 2050.27 to make that happen. apple in the news as well. warren buffett saying he is buying more shares of that stock. take a quick check on the market this is week. the dow up .6 of a percent, nasdaq up 2. have to tell you don't look away from your screen because this has been a great month for stock, great week for stocks. finishing out better than expected after today's news. guys, back to you. kristna: better than expected despite back and forth with trade talk. thanks very much, gerri. david: i have breaking news this is statement from the u.s. trade representative on negotiations with mexico but specifically with canada. we're quoting here. the talks have not succeeded but the u.s. is sending formal notification of congress now in order to preserve the 90-day time frame to sign a deal before the new administration comes in, in mexico. they just had an election. the new administration there is coming in on december 1st. canada can join later if they reac

amazon is the new walmart. 20 years ago, we talked about walmart killing all the mom and pop stores. now amazon is killing walmart and killing everybody. you have a bifurcated market as far as earnings. sears is heading to the tar pit, it certainly looks like. gap earnings are down. macy's, kohl's and target blew away earnings. what is going on in retail? >> it's very interesting because amazonstill the strongest in that sector. they are still making new highs constantly. everyone is still competing. i have to tell you, target came out this week with earnings, they were up. walmart had earnings the other week. they were up huge overnight. i like that stock, too. these stores that had the brick and mortars are trying to compete in the store and online with amazon. amazon does not have an online store. if they can compete with them in both arenas, walmart and target can go up against these people. penney and sears, unfortunately, i think they're out the door. john: michael, i want to ask about sears specifically. once the dinosaur starts to head for the tar pit, tends to never turned around. they tried with yahoo! but it seems to me sears is just hanging on. are they on life support and will not be around the next five years? >> yeah, well, eddie lampert went in and stripped out all the good assets for his hedge fund. sears' days are clearly numbered at this point. john: you t

would e and market cap accrue to public market investors betters private, and had you se of amazon, invested in amazon, you could have made hahn times your money ipo price he facebook it's more like five times your money so we're seeing this trend of businesses going public later. that means that more value will accrued to private markets investors so the pool of and value creation to capture is larger today than historically it has been. there is a lot of money floating around out there, a hundred billion dollars of money, but the private value creation story is incline, so n an we're going to participate in that. metha, lead edge capital, thanks as always for stopping by. could biotech combat that thick green algae that's florida gulf coast? we'll explore next. this is bloomberg. ore next. this is bloomberg. >> a lot of people have emotional support animals. emotional support another equired emotional support animal. emily: a colorful toxic slime has blanketed several gulf ities on florida's coast covering boats, docks and wildlife with a thick green goop of their g people out homes. the bacterial c

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amazon empire. the controversy over the fa ct empire. the controversy over the fact that most of amazon's european sales are fact that most of amazon's europeanhe oecd and other organisations. there are many ideas over how to resolve that. the fundamental difficulty is that all of those organisations, they are us corporations. unless we get the united states to cooperate with changing the rules, those rules will just stay as they are with nothing more than tinkering around the edges. given the present incumbent in the white house, it seems unlikely that that will change, but is there a wider problem here that britain is pretty powerless to try and tackle companies that channel so much of their activities to like luxembourg? because it, of course, has british overseas territories which themselves have very low levels of taxation. indeed. to some extent, there is a slight irony here that almost 40 years ago, the state of california was so incensed at the way foreign multinationals were operating within california and not paying californian tax that it proposed something not dissimilar to what the european union has proposed in relation to these

amazon, a lot of information amazon rallying more than 60%, but many other traditional retailers, the brick and mortars are also joining in. look at that, macy's up 60%. tjx, parent company t.j. maxx and homegoods, up. target up. it's what could push the market to new highs and beyond this year bob pisani who no doubt, went to a number of bee gees shows back in the day on roller skates joins us now from the nyse >> no, neil young and nuwave, blondie, talking heads and no, not the bee gees, sorry, brian >> they hit an all-time high and the xrt is up 13% and the last three months hit an all-time high today that's important because the xrt is equal weighted index of about 90 retailers you don't have one big name and you don't have a walmart and amazon pushing it around too much i like this action amazon is on fire this year, but the big retail names like kohl's and abercrombie and 5 below, they're all soaring 30% to 50% this year. what's going on? first, the second-quarter earnings and i don't mean in general. the 108 retailers that retail metrics track are seeing earnings gains of 18% and that's almost as good as the whole s&p 500 gain of 22% so the retailers are making money why is this happening? well, the big box retailers are finally starting to solidify positions and are grabbing some business that amazon isn't they're not going through amazon so the discounters like ross stores and tjx and the ross stores are doing better and most importantly the department stores and the macy's and nordstrom's, they're finally seeing revenue stability and even a little bit of improvement in some cases. second thing and this is important. some of this may reflect the fact that there are fewer and fewer stocks and we talked about this there w

amazon. that may mean they would have to charge us more for the products. what the times is reporting tomorrow isa what the times is reporting tomorrow is a different story about amazon, which is the next week the advertising standards authority will tell amazon they can no longer say they are amazon prime in the adverts that promises next day delivery to customers. who knows how many amazon prime subscriptions have been sold solely off the back of that promise, at least indirectly or as part of the picture behind it? it speaks to the picture behind it? it speaks to the nagging doubts, i think, the picture behind it? it speaks to the nagging doubts, ithink, in the picture behind it? it speaks to the nagging doubts, i think, in the backs of quite a lot of consumers brains which is, i want to shop online, it is more convenient. i really trust the companies i am buying from in the same way we trust the family department store? do you succumb to that? i know i have. when i want something, i want it immediately. i am very patient. i did yesterday ordered something from amazon. i needed a machine to feed my cat while i am away. i was told it would come next day and it is not coming next day, so i have to get a human to come in and do it. i notice n

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

amazon $1.2 trillion. also rallied amazon today, the news the story by the information they put out, they say amazon will produce free tv service that will rival roku. amazon apparently is in talks with major studios. they will license out the older tv shows for the service. similar to what roku offers which is older tv episodes, movies, et cetera. roku is down 5% in the session. according to the information, amazon will call this new free tv service free dive in the future. that is yet to be of course confirmed by amazon itself. i also want to show you what is aping with tesla shares, down in an up market. you pointed out, liz, we're closing, closing towards these record highs. tesla underperforming once again because it seems like elon musk can't get off twitter. invest stores are spooked once again about tweets last night reviving his back and forth arguments with a diver that took part in the rescue of the soccer team from that thai cave. we're checking in some of the volume resume on the tesla trade and it has been pretty heavy in the past 20 days in tesla. today we're looking at 7 million shares changing h

amazon not only getting state tax breaks, but according to this report, apparently amazon negotiates with local utilities in these states to lower its tax bills. and, amazone rate increases for consumers. this is not good for amazon. does not look good. >> i totally agree with kelsey. whether state, federal, this corporate welfare takes money out of hands of every day taxpayers. into behemoth of of amazon. foxconn. wisconsin taxpayers paying $200,000 jobs for foxconn to come in. liz: we're talking about electric bills going up. >> sure, all corporate welfare. liz: that is different ballgame. >> i agree there is so much opacity is bigger problem. liz: kelsey, final word. >> i think there is a lack of transparency in regards to amazon what is actually going on in this. sounds like some sort of a scheme. they need to be open, take a lesson from what facebook learned in their lack of transparency and telling us are you creating backdoor deals making americans power bills go up? because that's a big deal. liz: kelsey, danielle, thank you so much for coming in. appreciate it. >>> next up, twitter chief jack dorsey is admitting twitter is left-leaning and biases

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

has amazon made the cross-over, and can tesla do that? >> amazon, justify amazon'suation as any company, even if it is cloud, tell me how you get to $880 billion. they have absolutely replaced -- i think the transformative moment was jeff bezos letter to investors where he said i am going to focus on nonperishable things for customer value, going for the long term, even if it doesn't mean earnings. i would bet, i think every time they report a profit, he calls top leadership into a room and said you screwed up. green light everything, reinvest 100 krenl 100 cents on the dollar into the consumer experience. why not do that as long as the markets allow it with tesla, they can reinvest 120 cents on the dollar. there's a protected class of companies that don't have to play by the same rules, tesla and amazon fall into that category. >> in light of that, play a game of would you rather. would you rather have the sort of slow and steady considered less visionary from a market standpoint ceo, maybe apple, or have a divisionary that delivers on promises but fervent base of

amazon -- or perhaps on tivo. amazon is developing a new device that records live television, working around cable providers and basically encroaching on tivo's market. this is according to people familiar with the plans. if you look at shares of tivo, they have taken a lead lower -- leg lower on the headline. there is that big drop-down, 3.9%. not much of a reaction on amazon powerhouse. lisa: it is a shift and destroying all others. scarlet: barely any move. amazon off by .5%. we will keep you updated on any development. this is bloomberg. ♪ lisa: this is bloomberg markets. i'm lisa abramowicz. scarlet: and i'm scarlet fu. president trump once the sec to study a proposal to do away with quarterly finance reports and move to a system of reporting every six months instead. he said he got this idea from a prominent ceo. 's ceo,nt trump: pepsico and great woman who is now retiring -- i asked, what would we do to make it even better? she said two times a year reporting, not quarterly. that makes sense to me, because we are not thinking far enough out. we have been accused of that for a long time in this country. we are looking at that very, very seriously. lisa: the ceo the president referring to is indra nooyi. other prominent ceos have also criticized the quarterly reporting system. joining us now is brooke sutherland of bloomberg opinion, who has just publi

amazon. text leads the charge again. lisa: amazon, it is doing really well. it hit a new record of nearly 3%. morgan stanley so growth remains strong -- sales growth remains a strong. pour out compared to amazon. exporting goods is not doing so hot after missing expectations for sales. they blamed under armour and guns. we will see. american eagle down a significant amount 7% -- amount, 7%. joe: let's take a look at the government bond market. not much going on today. we got some good economic data, but rotations tend not to be big market movers so we did not get too much action. 2.68 -- twoup to year yield is up to 2.68 and 10-year gilts unchanged. -- 10 year yield is unchanged. caroline: the pound missed getmism that maybe we might -- meanwhile, the canadian dollar we sought holding off its games in the last couple of days. i hope they get a decent deal with the u.s. and mexico continuing this trade talk. the lira is being punished, down 3%. this is dollar strength versus the turkish lira. this has been woeful for the emerging markets. tightening liquidity. check out what has been happening to the argentinian peso. with sunk more than 45% on the year. we down another a percentage in the wan

amazon, so you have some pretty high ambitions. eddy: definitely. learn from the amazon experience, and are you worried about amazon's moves into fashion and apparel? ying your consumables, the toilet paper, but in terms of amazon, there is an increasing buy aof fakes, where you tripod but it is not from -- a de pod but it is not even with tied. you want to buy something that you can have self expression on, like sneakers, it is hard to buy from a place like amazon, which is a mass-market consumable space. what we are seeing is that our consumers really identify with the goat brand and want to buy from us rather than a mass-market shop like amazon. emma: sneakers are obviously a new area where a lot of idle is happening with retail. there are a lot of people fighting over it at the moment. scarlet: and fighting over others. i have a pair, but they are not built for new york weather. it rained too much and it is too hot in the summer. you cannot wear it. thing.roys the whole it is perfect for the bay area. emma chandra, thank you so much. a those is amazon, j betting on the big screen. we will explain why the amazon founder is adding brick and mortar

amazon is essentially setting prices in the marketplace. -- because they're trying to maintain market share. alix: does china have more pricing power than we think? megan: that is probably true because they don't have the amazon affect. -- amazonffect. if you look at all of china's priorities, one of them is to reduce their budget deficit. they cannot do that if they are trying to boost growth and they're trying to backstop the consumer. they're going to have to give up on some of these goals and figure out their priorities. on the same levers they always do. david: megan greene of manulife asset management, thank you for being here. coming up, we will take a look at lending standards with the ceo of the biggest bank in oklahoma. that is next. ♪ taylor: this is bloomberg daybreak. coming up on bloomberg markets, balance of power, the former u.s. housing and -- secretary. and now let's get your bloomberg business flash. it's $60 billion takeover of aetna is set to close. the drugstore chain says it is working productively with regulators. bloomberg is learned of the antitrust board does not see competitive problems that can stem from uniting companies at different levels of the supply chain. the city of newark, new jersey is re

amazon have expanded a tire purchase and installation program. customers who purchase tires on amazon can get them installed and balanced at sears auto centers. amazon cofinancing movies with at least two major --joiningstudios, in us now with more, it is no secret that amazon has struggled with its studio and the leadership of its studio. what can you tell us about these possible new arrangements? >> what me and my colleague have picked up on in l.a. is early exploratory talks amazon's having with two studios, major studios, sony pictures and paramount, which is part of viacom. both are the smaller of the big six in hollywood, and they are the ones that still take on partners.g the likes of disney don't. amazon has had conversations with them to explore what they can do to get bigger, more exciting films out to their users. one way that they might do that is by cofinancing films, seeking a stake in some of those potential hits. the finances of this, how big a deal would it be for a sony or a paramount to give up certain online rights to amazon? or is it all about extra exposure? anousha: you know, it is a trade-off for a film studio. this is where

of that and we ask we ask for a 10-dollar donation or you can get them for your friends on amazon debt -- amazon and you have a huge notice across the country. and to have a private meeting with the education secretary. but. but i was honored in 2016 and with that action team on education policy's piece i was one of seven people in the country to serve on that team i am pleased to say with the national headquarters in one of the model teams in the transition. all of you are such an important part taking back our country even in the area like the bay area nobody thought he could have a chance a chance now here he is president of the united states. thank you for your activism and with freedom and liberty and your support of this organization and all the great speakers to education thank you very much. [applause] >> as part of the forum there is no raffle tonight. sorry. it has been about a year. but with the education department and one of those initial things in president trumps tenure that when he put out his budget but he wanted to eliminate one of the programs that research has shown totally i

amazon effect. lauren, show me the other cool thing. do that. stores, retail ice age. 44,000 stores out of business as a result of amazon. hardware is kind of, immune to the amazonk what that does. you have a weed whacker, neil, if you do, you hate to wine that occurred. this automatically winds the whipper thing, the string trimmer line. there you go on that. ace has done a great job, competing with amazon. amazon now, you know, sell be people's stuff online, 90% increase since 2014. pretty crazy. we talked to the ceo of ace hardware who talked about this competitive environment he is in right now. take a listen. >> we know amazon is the most disruptive company in human history but there is a desire of our to be owning the home preservation business. a lot of that has to feel in touch. we're blessed to be in a business that tends to be a little more insulated perhaps some other retailers from the convenience of commoditized, one-click ordering. reporter: i leave you with a picture of a electric lawn nower. lauren is showing you how the thing folds up. that can go in your briefcase when you're done. pretty amazing. lauren, thank you so much. and, i leave you wit

amazon -- alphabet and amazon upgrade helping out. some of the other big winners of the last week, amg. check it out, up 28%. really pretty extraordinary after putting up a strong quarter and investors and analysts very bullish there. one setting a price tag or -- a price target of $30 a share. these are the big winners of the last two weeks, really propelling the nasdaq higher. i mentioned amazon all-time high, the bullish call from morgan stanley. here is a four day track, of four -- up four days in a row. and of course mccaul today, brian novak over at morgan stanley raising his price target by 35% to $2500 per share, liking the margin story here on the shares of amazon, or on the company of amazon. investors like in the call a lot. and if you had any question as to whether it is risk on or risk off for bonds, the yen falling against the dollar, down for tenths of 1%, even as the dollar is down. not a place for safety. it is a risk on day. caroline: india. i should note -- indeed. i should note that the peso in argentina's plunging, closing down a percent versus the dollar today. lisa: this is a chart of the dollar strength versus the peso. it is currently the weakest it has ever been against the u.s. dollar. the job today was the biggest since december 2015, heading for its a second recession in two years with a 30% inflation rate. the president of argentina, mauricio macri

enable companies to track her across the net and collect vital data on her surfing habits amazon is off amazon and here we have a cookie from google pager. doubleclick. jessica regularly deletes have browser data including unwanted cookies so can she still be identified and tracked online. browser automatically sends data such as has screen resolution phone operating system and time zone to the provider of the site she's currently on that data helps them to optimize best site jessica visits am i unique dot org to find out whether she can be identified and tracked it turns out she can as nobody else relays the exact same data as jessica website providers can recognize and follow her and place ads on her screen even without cookies. meanwhile marc wants to buy a new laptop he's already tried out a range of online suppliers and found one that he likes but as he's not one hundred percent sure he puts the product in his account shopping cart and then makes his way to his next lecture. pretty soon the online computer store is sending mark a steady stream of ads to his current laptop and his phone th

amazon did a study, and the average amazon worker, they employ 575,000 people. the average $20,000 a year. that is $4,000 above the poverty level. and far more than what jeff bezos is worth. we reach out to amazonsly and they set him at this is not a 575,000 full-time workers project account that a lot of these people are part-time, and yes, they are paid hourly, which they say is above the minimum wage of $15. >> neil: wow, susan, thank you very much. be careful what you wish for and shape it you might ultimately get what you want, mr. president. but, in the end, you barely made it our friends. they might not be coming back. after this. ess. - [narrator] custom ink has hundreds of products and free shipping. upload your logo or start your design today at customink.com. upload your logo or start your design today oh! oh! ♪ ozempic®! ♪ (vo) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than seven and maintained it. oh! under seven? (vo) and you may lose weight. in the same one-year study, adults lost on average up to 12 pounds. oh! up to 12 pounds? (vo) a two