tech giants amazon and apple also the license for monsanto's life force eight is up for renewal in the u.s. and its facing challenges and a swiss investment group is helping to get iran's rail infrastructure back on track . welcome to your business i'm crystal kober in berlin the european commission is turning the screws on u.s. tech companies on wednesday it ordered amazon to repay a quarter of a billion euros and back at the commission is taking ireland to court for failing to collect billions from apple patience has run out of the european commission taking to the podium that you competition commission announced that brussels had on and in its sights taking the country's government to the european court of justice for its failure to collect taxes from us giant apple then a year ago the commission docked at the decision. requiring ireland to recover up to thirteen billion euros in the league from apple however i am has still not recovered any money not even in part. apple is currently appealing the case it argues that the revenues in question a subject to u.s. tax rules instead meanw

of the eucommission‘s mission to get the likes of luxembourg the likes of sweetheart deals to amazon and appleis thing started off with ireland in dire straits after the financial crisis in 2008 —09, so to entice amazon and apple on a low rate of tax, 4%, is exciting for them, so they make a lot of money, help the irish economy recover, then the eu says, you are so 13 billion euros in back tax. ireland don't even want them to pay it. and until everyone says tax loopholes are closed, it is all was going to be a negotiation. ireland were playing the game, maybe not to this extent, before the crash. it has been a long—running strategy, rather than just a recovery. will it be levelled out not necessarily by the actions of the european commission but national governments like donald trump who wants to reduce corporation tax in the united states, here in the uk we talked about that, you know, countries competing...? there about that, you know, countries competing... ? there is about that, you know, countries competing...? there is no doubt, but will you kill it off? no. one of the reasons going back

amazon and apple get slapped with hundreds of millions of dollars in back taxes by the european commission. and our tech reporter gets his hands on google‘s latest smart phone and finds out if it has what it takes to compete with the iphone. good morning, asia, hello, world. welcome to asia business report. i'm rico hizon. the european union has launched a fresh crackdown over taxes paid by technology giants amazon and apple. amazon has been ordered to repay more than $290 million in back taxes after european regulators that it was given an unfair tax deal regulators that it was given an unfairtax deal in regulators that it was given an unfair tax deal in luxembourg. the european commission also plans to ta ke european commission also plans to take island to court over its failure to collect billions of dollars of back taxes from apple. —— ireland. let's find out more on this. the european commission is really busy but what do these allegations mean for amazon? really busy but what do these allegations mean for amazon7m really busy but what do these allegations mean for amazon? it has to b

especially for to get knowledge even companies but when it comes to the european union going after amazon and applethe big question is first of all will they really get the money luxemburg island apple amazon they actually can. appeal this decision and then even if they have to pay three hundred million dollars for amazon sure it's a lot of money but not necessarily for her and isn't and the same is true for apple we're talking roughly thirteen billion dollars but apple just sitting on on a cash load of about two hundred fifty billion and most of that money is parked over seas and especially in europe anyhow so wall street actually was not too current cern the stock of amazon gains almost one percent epilog so just traded slightly lower than scored in new york thank you. the european commission also has to decide on whether or not to extend the license for glyphosate before the end of the year for say it is a highly controversial chemical that they world health organization listed as cancer causing back in twenty fifteen now banning the chemical could be a heavy blow to monsanto as life for say is

the eu is cropping down -- cracking down on apple and amazon's tax schemes. was this news received on wall street? jens: taxation is a hot topic all over the globe, especially for technology companies. when it comes for the european union coming after apple and amazon, the first question is first of all, will they really get the money? luxembourg, apple and amazon can actually appeal the decision. even if they had to pay $300 million for amazon, sure, is a lot of money, but not necessarily for amazon, and the same for apple. we're talking roughly $13 billion. apple sitting on a cash flow of about $250 billion, in most of that is overseas anyhow. wall street is not super concerned. amazon actually gained 1%. christoph: jens in new york, thank you. the european commission also has to decide on whether or not to extend the license for glyphosate. is a highly controversial chemical that the world health organization listed as cancer-causing in 2015. it could be a heavy epochal to monsanto, as glyphosate is the main agreement -- ingredient in round up. reporter: a

phones, smart speakers and other devices with artificial intelligence and looking at rivals, amazon and apple. the pixel has larger and brighter scenes and a head phone jack and wireless head phones that translates spoken language in real time. and one is similar to apple's home pod and one is similar to the echo dot. >>> the info entertainment technology that they are cramming into the dash boards of new cars making drivers take their eyes owe off the road and off the wheel for dangerously long periods of time. auto makers now offer more info entertainment options and it's more complicated to use, it use to have few buttons and nobs and now some have 50. >>> at shooting in las vegas a california is reunited with his lost therapy dog. raul ran off after the chaos on sunday night and his owner, ryan refused to go back home to california until he found her and followed hundreds of tips through facebook and email and twitter and was spotted wednesday night in a field not far from mandalay bay where the gunman killed 58 people on sunday. >> we saw her run by as we were talking and jumped over the

with artificial intelligence, google hopes it gives them an edge over similar devices made by amazon and apple>>> dunkin' donuts is down sizing its menu at many locations, the chain will offer just 18 doughnut varieties instead of the 30, idea toys streamline quality and service and to focus on featured, flavors. the changes reportedly kick in at the end of this month. >>> jim and rahel back to you. >> sounds like a good ideay don't think so. >> it is called dunkin' donuts , i want a variety. >> you are probably phasing out more obscure doughnuts nobody boost and most doughnuts people buy will be better quality. >> they had one with pretzels on top, that was a good stuff. >> hanna, you and are always together and we have to bring jim in the fold. >> thanks, hanna we will check with you tomorrow. >> bye, guys. >>> she was talking there, starting to day in longer allowed to fly a drone near a philadelphia landmark. faa is banning drone flights within 400 feet of the independent national historical park. it is one of the 10 sites where flights are being restrict including the statue of liberty an

with fair taxation of all the activities we want google, facebook and amazon to be in france and europe, but we want google, amazon and apple paying due taxes in europe. because we cannot explain to companies, to our people that google and amazon can be in europe without paying fair taxes to europe. >> the americans -- [ applause ] the americans may have a trick up their sleeve. a lot of money is trapped offshore congress is deciding on tax reform in the next few weeks and months if that money is repatriated, doesn't that take away this honey pot that regulators have been going after >>. >> i don't want to criticize tax reform within the eyes i'm trying to introduce an important tax reform in france and i can tell you that it is not an easy task because when you want to introduce tax reforms, you are changing not only the tax system, you are also changing the culture. for instance, this is necessary now to reduce the taxes on companies, so-called corporate tax. you have to explain to the people that we are not doing that for rich people we're not doing that only for companies. we're doing that because we want companies to h

could we see new or more regulation by washington with facebook and amazon and apple? brent: it's a tough question and obviously one that people are asking about. and on the ads and fake news stuff, i think a lot of what you see now, there's still a debate over what effectively can be done about it and until people can wrap their heads better at how to get to the problem, it's hard to see what any regulation may look like but certainly is something that will continue to be part of the discussion. host: we heard from the president saying again, we'll have the votes for health care, we're moving ahead to tax reform but will we see a health care vote again sometime this fall or winter? niels: well, it's not clear there will be any new repeal and replace vote any time soon. we may well see some sort of bipartisanship effort restarted or move ahead again to try and stabilize the market. but frankly, it might not be until 2019, or at least fiscal 2019, maybe the lame duck session after the midterms depending on how the midterms go before we see the next round of the actual at

company doubling down to its commitment to the hardware business as it competes with devices from amazon and apple. some of the devices were the google home mini and max a high-end pixel book laptop that runs the chrome operating software, two new phones the pixel 2 at at $600, and the pixel 2 xl that is 850 bucks and ear buds that can translate any language into english at the same time. >> the headphones sound cool >> how does it work? >> does realtime mean literally re realtime or -- >> is there somebody translating to you >> it's an impress serve edive n android never quite had that ka cache of getting people into the ecosystem, google launched their phones before but they have never taken off. but now they have that investment into htc. five years ago, htc was the leader in terms of hardware. it was better than samsung and slightly ahead of the curve than iphone, but they didn't have ios. but i think it comes down to whether they can make android a uniquer system for what it does with the google phones when they outsource their software, it won't become so unique for their hardware. we'll see

unveiled smart phones and speakers with artificial intelligence as it tries to compete with rivals amazon and appled pixel 2 xl showed off the android operating system and pack a powerful rear camera and have the screens and fingerprint sensors, a lot of it looks and feels like the competitors but this also has access to the lens feature within the google photos app. if you point it on to a sign with the animal. the lens will give you relevant information about the animal say phone numbers or a dog's breed. and like the new iphone the new pixels don't have the head phone jacks and they unveiled new wireless head phones that translate 40 spoken languages and one of the new smart speakers similar to the apple home pod and the echo dot. the market has new devices if you are shopping around. >> thank you alicia. that does it for "action news" at 4:00. i'm brian taff, i hope you join me with sharrie and ducis rogers for a full hour of "action news" at 10:00 on phl 17. sweet 4k tv, mr. peterson. thanks. pretty psyched. did you get fios too? no. mr. peterson, fios is a 100% fiber optic-network. what does

. >>> spaeking of taxes overseas they're cracking down on amazon and apple for back taxes. order aring amazon to pay nearly $300 million. amazon denies -- at the same time eu is pushing ireland to collect apple's tax bill ordering them to pay $15 billion in unpaid taxes. "early start" continues right to you with the latest from the las vegas shooting investigation. >>> a house paid for in cash and extra measures for privacy. new details this morning about the las vegas gunman's years of seclusion. now theshooting has some republicans thinking of new gun laws, but would they have stopped this attack? >> and the secretary of state insisting he'll stay after reports he called the president a moron. now, one republican senator says its atillerton keeping the country from descending into chaos. >> good morning everyone. i'm dave briggs. >> i'm renee marsh in for christine romans. it's 5:00 a.m. in the east. after days of painstaking investigation authorities are starting to piece together a picture of the man behind the las vegas mass a ter. among the new details cnn has learned

amazon and netflix both rose about 3%. >>> speaking of taxes, europe cracking down on u.s. tech companies targeting amazon and apple zon to pay nearly $300 million in claims luxembourg gave them illegal tax benefits for years, amazon denies this. the at the same time pushing ireland to collect apple's unpaid taxes. saying they gave illegal tax aid. $15 billion. thanks for joining us this morning. i'm dave briggs. >> "new day" starts right now. >> do you think this was all accomplished on his own? >> he had to have help at some point. >> why de acquire that stuff and never use it? was there a trigger that led him not to pursue building a bomb? >> he's got other weapons he's using as defensive or maybe part of the escape plan. >> anything

the european union is cracking down on multinational companies that aren't paying their taxes apple and amazon may have to pony up millions of euros all of that and other business headlines coming up with monica. the lists are on the rise when required and. i am taking a blue moon straight to highlights different shades of nationalism and to find out what the nation me to you. to show you so or join the conversation here on to w. on to the top and then facebook. going to let them know w. we speak your language our spanish program on you tube. only swilling someone doesn't put much and i can go to always close to the action but i'm up by my portable profile get along with what you can get that up to the minute news and opinion the background to political developments. d.w. we bring you more of the oil. at. the european commission is getting tough on the u.s. tech companies the yuan to address commission no orders back taxes to be collected from apple and to amazon. also coming up space. chip stock index tumbles as tensions between catalonia and madrid s collects. welcome to date of your busines

that's right some of the biggest speaker as this money 2020's conference are from apple, amazon and facebookapple's vision of the future, and sending money there i message. seeing you ordering tro restaurants using the app and paying with the information already stored in your account. this was all once the turf of traditional banks. if technology company versus their way, that won't be the indicate et ve. it's still earlier days, but they're growing fast, and the big question is do they want to actually -- the banking industry does. >> as any one of these companies decides to get into anyt banking, the universal blending or payments. impacted by the regulatory oversight. a very complex choice. using amazon, google or facebook for banking serv. an opportunity to partner and capitalize on a lot of the innovation that's in the market, that the banks may not have the ability to innovate around themselves. >> yes, they will offer some banking services, but they don't have to be the bank to do that. they have the regulations and regulatory authorities, and the regulations are so strict, it's hard

am nim for facebook, amazon and apple company formally known as google i'm trying to attach this, i got to attach this, i'm blaming etf's again. last night costco reported a number that looked terrific on the surface, stock wen after afterwards the competition of amazon chls just too more for costco the take that led to amazon stock roaring hir hire higher and it along with net felixs led this whole co-hurt up ward. it's now including other cloud based name like service now and workday. does this make any sense you know what, i don't even know any. here's why i asked, the highest value stock now making the big loops. so, i'm begging you to do something for me, if you're going to own a stock, a service now, please know what you're buying, please don't be afraid to take some profits don't worry they might go up all these people blindly piling into the momentum socks that gets me worried. the market's taking up a load of bad stuff along with the good. that is always been at a level where i get more concerned when that sell off comes you need to be prepared to buy into weakness rather than

your newberger berman owns a google, amazon, and microsoft, and apple. you're watching microsoft most closely. why? >> if the company under the management team has really transformed the business mix and really embraced the cloud, so the move to the cloud is really capitalizing on some of microsoft's core advantages in technology, and importantly, their customer relationships. so when we speak to their customers, they are telling us they're investing more with microsoft because microsoft is bringing them along into the new cloud era. >> where do you think the market is in terms of its expectations for these earnings reports? i mean, the expectations have always been pretty high. but is the market anticipating something that perhaps some of these companies might not be able to deliver on? >> i think in the short term, the market is obviously very focused on the results, in the case of microsoft tomorrow night. we think the company is likely to achieve or perhaps beat the consensus expectations. what we're really trying to better understand from the result

companies targeting amazon and apple for back taxes. first eu ordering nam a zon to pay nearly $300 million in claims luxembourg gave them illegal tax benefits for years, amazon denies this. the at the same time pushing ireland to collect apple's unpaid taxes. saying they gave illegal tax aid. $15 billion. thanks for joining us this morning. i'm dave briggs. >> "new day" starts right now. >> do you think this was all accomplished on his own? >> he had to have help at some point. >> why de acquire that stuff and never use it? was there a trigger that led him not to pursue building a bomb? >> he's got other weapons he's using as defensive or maybe part of the escape plan. >> anything we -- >> it's a ridiculous situation. it shouldn't have happened to any of those people. >> in the darkest moments what shines most brightly is the goodness. >> i'm not a hero. i just deal. >> we want to welcome our viewers in the united states and around the world. this is "new day," it is thursday, october 5, 6:00 here in new york. chris is in washington aft

what's coming up on "squawk alley." >> david, the good times are rolling to start the week for amazon and appleday highs, but a couple other names, twitter, facebook, heading to the hill. which narrative is going to win out in the long term we'll dig in and find out coming up on "squawk alley. we're going to find out coming up on "squawk alley" it lets you know where your data lives, down to the very server. it keeps your insights from prying eyes, so they're used by no one else but you. it. is. the cloud. the ibm cloud. the cloud that's designed for your data. ai ready. secure to the core. the ibm cloud is the cloud for business. yours. you know what's difficult? adulting... hi, guys. i'm back. time to slay! no,i have a long time girlfriend. you know what's easy? building your website with godaddy. get your domain today and get a free trial of gocentral. build a better website in under an hour. >>> the insurance industry is grappling with a troubling trend when it comes to boat theft. coast to coast investigators are seeing thievery on the rides, targeting specifically the engines. contessa br

doubling down on its commitment to the hardware business as it tries to compete with devices from amazon and applee new devices are a new google home mini and google home max. the speakers run from $200 to $400 and also two new phones. the pixel 2, $600. and the pixel 2, $850. and the pixel bud head phones can translate 40 languages in real time. alphabet closed up yesterday, $967.77. >> i already made the joke i will get a pair of those when i'm talking to wilfred maybe i'll understand if someone is telling me what he's saying, maybe that will help me understand -- >> you understand you >> whatever language that is that he speaks >> the british proper english. >> proper capitalized over there. in washington today the house will vote on its 2018 budget house and senate republicans need to agree on a budget resolution if they intend to pass a tax bill without broad bipartisan support from democrats. the senate's budget vote is expected next week for more on the top political stories, kayla tausche is here >> as they work to reach that budget deal in both chambers, they are already adding some money

betweenjuly and september this year, apple, amazon, google, facebook and microsoft spent $14 millions in washington. so many of you have been in touch about this story on social media and news. will discuss that in about five minutes tick squeezing in some other key business stories today, moving on to samsung. the electronics giant samsung has announced record profits despite continuing to grapple with its ongoing management crisis. let's cross over to seoul and speak to our correspondent mark lowen. market, when you think about what samsung has been through in the last 12 months, you would think that it is astounding they are coming with record profits. extraordinary resilience. these profits in the third quarter were record breaking, up third quarter were record breaking, up 148 cent year—on—year. $10 billion worth of profit betweenjuly and september, the third quarter of this year. samsung called it an overall robust performance by the group. that of course, despite the challenges as you suggested, including the former errors samsung, lee jae—yong, who was jailed in august on var

the tech giant unveiling a slew of new products to take on amazon and apple the man that run'se google'slunch" starts right ♪ >>> despite everything else that is goingx on, it is another day and another record for your money and the majorlp indexes continue their slow grindw3 higher consumer discretionaryñk stapl technologyf lagging performers and both of those, by the way at all-time highs. ge, apple, intel and pfizer are your worst dowq performers. >>> the stockt(rally tps and t ince the inauguration. the cnbc all-america survey asks what's getting in the president's way? 1e= steve liesman!u has the numbers >> pretty interesting results5a here juc i want to show you what the results from the traditional president. opposition from the opposing ko biased media coverage, that can come from the Ñ5epublicans, congressional republicans. that all makes+sense. look at the number one reasonçón ourÑipoll here,ñ melissa his erratic personalt behavior. 39% of theç public. our poll is created with a democratic and republicanñr pollster they analyzed this chart ujuk çóareful,j

emily: apple's plan to challenge netflix and amazon just got clearer. e iphone maker announced plans spielberg'seven amazing stories according to nbc universal which is one of the companies working with the tech giant. amazing stories would be the first original series apple would finance has they hired sony executives to shepherd its tv efforts. we are live here at the key choir -- geekwire summits. starbucks. the company was founded here 46 years ago. earlier we caught up with starbucks is ceo -- starbucks' ceo. i asked about the difference between him and the former ceo. merchant is an iconic and in many ways he has got years of intuition. i would characterize howard, a much more spontaneous intuitive leader. with my background in tech and digital i am much more thinking about using data to help inform me of decisions and being intentional walk what we do. for ae worked together long time. i value his creativity, point of view. i think i bring unique rings to the table that are going to help us as a company as we bring this transition into the future.

arlen to make it came back more than fifteen billion dollars by apple today's decision to order luxembourg to recover unpaid tax from amazon and refer ireland to the you caught for failing to recover on pay tax from apple. i hope that. both decisions see. message that companies must pay their fair share of taxes as the huge majority of companies do it's been a new round of antigovernment protests in the west african nation of togo the streets of the capital no men went quiet with shops and businesses closing down to demand the president going to stand down after twelve years of rule they also want presidents only to be able to run for two terms in nursing the family's been in

important element is, they will have to share their customers data with all of these and as well as, the apples and amazonses of the world. it is creating a new marketplace. by law. nejra: in terms of regulation, this is different from what is happening in the u.s.. does it put european banks at a disadvantage? >> that is interesting because at first glance it would seem to be. you have regulation coming from brussels which mandates, you shall do this. you shall open up, share all your data. the u.s. has nothing of the sort. it is being shaped by the marketplace. a hodgepodge. by forcing the european banks to get with the program on digitalization, it could make them leaner and more responsive to customers. that is the ideal that the law is going for. perhaps those banks that have been dragging their feet and going into this new world, they will have to get their act together by law. nejra: will we see some banks come well out of this while others don't and we will start to see that difference in the marketplace in europe? see at experts, you will separation between those banks that are really out in front

and other hardware are packed with artificial intelligence. google hopes it gives them an edge over similar devices made by apple and amazon. of that video, it's a little cheaper than apple's phone and that might give them an edge. >> hopefully more affordable for us. >> yes. hena doba at the new york stock exchange. thank you so much, hena. >>> still ahead, the newest distraction. high-tech dashboards giving drivers another reason to take their eyes off the road. ech dashboards giving drivers another reason to take their eyes off the road. before you and your rheumatologist move to another treatment, ask if xeljanz is right for you. xeljanz is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can reduce joint pain and swelling in as little as two weeks, and help stop further joint damage. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and chol

that could put pressure on those stocks remember, we had real pressure today on facebook, amazon, netflix and applethat about, the stock of companies that people think are doing really well are under pressure here. let them come in there is no hurry to buy any of fangs. there's always a bull market somewhere. i'm jim cramer and i'll see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ he's hoping to whet the sharks' appetite with his idea. hello, sharks. my name is les cookson. my product is the carsik bib. i am seeking a $30,000 investment in exchange for 15% of my company. now just imagine for a minute, that you're driving down the street with your beautiful little child here

and amazon, other tech giants, in terms of moving. they have dragged their feet, haven't they? they have, and jay hunt, who is behind the great british bake—0ff, it actually highlights the fact that appleious about broadening its appeal in this particular tv market. like amazon they could be the next titans of these industries, because they have fingers in a lot of other pies, just like amazon do. so they could be the next players. i think they could be, but it is an interesting trend. gdp growth picked up, some say blink and you could miss the difference. it went from 0.3% in the last quarter to 0.4% in the most recent quarter, so small steps, but some saying this could lead to a rise in interest rates when the bank of england meets next week. rise in interest rates when the bank of england meets next weekm rise in interest rates when the bank of england meets next week. it could lead to a rise in interest rates, the first ride since 2007, more than a decade. at the whole thing i would say, while these figures are not to be scoffed at, the growth trend has to be sustainable over time. i was listening to your previous speaker talking about the ecb easing its bond buying programme, but

and an upgraded camera. one major disadvantage right now verizon is the only major carrier to sell it. google smart speakers range in price 50 to $400 to compete with apple and amazone a wearable camera, laptop, earbuds. cheryl: we'll see if they can catch up with apple. the former ceo back on the hill yesterday. what happened? tracee: another day of testifying. the massive data breach which exposed the personal information of nearly 146 million americans have been because of a mistake by a single employee. 225 cybersecurity employees. smith said one person failed to heed security warnings and did not make software upgrades which would have prevented the breach. on a lighter note, if you are watching yesterday's hearing, you may be asking yourself, is that mr. monopoly sitting behind smith? yes, it was. a woman who manages public citizen campaign against the practice of their right to sue the companies they do business with. they wanted to bring some awareness to the issue. of course arbitration. cheryl: i don't really care. i just like the outfit. >> i can't believe the ex-ceo insane. >> it was one person. talk about placing blame. amazon is building second headqu

amazon, microsoft, and starbucks. let's kick it off now with my exclusive interview with amazon vice president of alexa devices. she told us that they would not rule out partnerships with major rivals like applend google if it means improving their voice activated technology. >> i am focused on trying to reduce friction for customers and drive towards what we call our customer experience north star. really the idea there is that alexa is more humanlike. so, it is conversational. so we can shorten the path from where the customer is starting and where they want to be with less and less work on their part. emily: is alexa be responding with the "uh-huh's" like in the "snl" skit? >> may be. i joke that that is something like a human would do. emily: when it comes to understanding human language, whether it is an adult talking or a child talking, or are we there when it comes to how much improvement can be made? >> we are definitely not there. it is day one, super early stages. we like to say we are on the tipping point of machine learning, artificial intelligence. i think we will see a lot of improvement over the next few years. emily: how so? >> i think the technology is there. having, ourselve

this is bloomberg. ♪ emily: apple's plan to challenge netflix and amazon in tv just got a little clearered plans to release a remake of steven spielberg science-fiction story, "amazing stories," according to nbc universal. this would be the first original series apple has agreed to finance since they hired sony executives to shepherd the tv production. peak -- gee at the ekwire summit in seattle. one of the biggest companies in seattle was -- is starbucks, founded 40 years ago. we caught up with the ceo kevin johnson. thearted by asking about difference between him and the farmer -- former ceo. >> howard has years of intuition. i would characterize howard, he is a much more spontaneous, intuitive sort of leader. with my background in tech and digital, i am much more thinking about using data to help inform decisions and being more intentional about what we do. at the end of the day, we have worked together for a long time. i value his creativity and point of view. i bring so many things to the table that will help us as a company as we make this transition into the future. emily: starbuc

we look at what's causing this you said it, it is google and facebook and netflix and it is going to be apple and amazon and that sort of thing i wonder if some point if those guys and jeff bezos are doing what he did with whole foods >> what other sector is basically as cheap as this retails, things like macy's and they are facing the same type of secular. everyone single time you are trying to draw the line, it is so cheap and it cannot get really cheaper, people realize that the business is deterior e deterioratideteriorat deteriorating and that's when they go lower. >> question for you carter, why would you play disney back to the '90s >> it is not viacom, it is disney or cbs and the whole thing is under so much pressure and would take a lot to fix it >> when you take a look at their closest comps though, this is the worst of the group >> it is down from 90 to 25. what i am saying is disney's price level. >> i know but the under lining business is deteriorating. >> we are risking 70 cents >> obviously, does not like the trend. >> that's all right though >> check out our website on optionaction.com >

home pod >> we partner with apple we're implementing the apple air play ii into the sonos i so we spoke of partnerships with amazon, google and apple because we don't think consumers should have to pick one of the eco-systems. we've proven we can do that with services and we're the only one that has the music services from all three. >> patrick spence, things for joining us today sonos and showing off the new speaker. >> an eventful morning of news markets have been able to hang on to gains. let's get to wapner and "the half." >>> a busy hour ahead. welcome to "the halftime report." i'm scott wapner our top trade. industrial strength rally. another new record for the dow this hour. how high can that average fly, and are the big blue chips the best bet for your money? with us for the hour steve weis, josh brown and the brothers najarian and ian winder, the co-head of equities at web bush securities we do begin with the major averages, the industrials and transports making another new high the nasdaq joining the party, albeit slightlas

and ourselves if we do it right. cory: at some level, they will sell fewer speakers. do i want the alexa speaker or the soto's -- sonos? patrick: with amazon, applee, they are after such bigger things. we want to build smart speakers for music lovers. i think they recognize that. we worked for them for years on their music services. we are the only system to have support of apple, amazon, spotify music services, so we have this experience, too. cory: i built a house. i had to wire the whole house for sound. i was very involved with the sonos controllers. it was complicated and difficult. the technology for these small speakers seems it has changed a lot. patrick: dramatically. we have wi-fi throughout our homes now. you have a great ability to deliver the music. we worked hard we can -- to make sure we can deliver the music every time to any room in the house using wi-fi. you don't need to run the whole house with wires. cory: you said the market is getting bigger. give me a dollar amount. how big is this market going to be in five years? patrick: at least $20 billion, $30 billion. cory: globally? patrick: yeah. cory: fascinating. it's an interes

amazon, alphabet, microsoft, and intel, their stocks are soaring. next week, apple and facebook report their earnings. can you expect more of the same? and will these giants turbo charge the tech rally, guys? >> it will be harder for a company like facebook, for example, to do what a microsoft did today or an intel did today

we would be silly not to always be aware of our environment and where -- how customers are living their lives >> now, apple, amazon, and facebook all have representation here at money 2020 this year a sign of their growing presence in this space, whether it be as partner or threat or maybe both. guys, back over to you >> deirdre bosa in vegas deirdre, thank you for that. >>> let's get back to headquarters and get the european close with seema mody >> stocks mostly higher in europe, but modest ahead o thursday's ecb policy meeting. spain is on the rise, offsetting worries about the country's current political situation. also point out italy is getting a lift from the likes of fiat chrysler the automaker's quarterly operating profit jumping 17%, helped by strong performance in north america and improvement in europe and latin america that stock up 5% also in italy is uni credit. it accidently released earnings due out next month the bank, which is in the midst of a big turn around plan, reporting an increase in third quarter net profit as it experienced lower loan losses. unicredit up 27% year to date, so a big move

and hopes it will jump start attempts to compete in the hardware market. google's android operating system dominates smartphone markete, with 2/3 global share. as rivals like apple, amazon, and samson adadd to their hardwe ranges, google risks being left behind. samsung. does not have samsung is trying to build their own ecosystem. they have their own assistant. google does not own that and has no way of controlling that. they need to have their own hardware so they can control the ultimate experience for consumers. the pixel launched last year at the center of a hardware division, but parts shortages hindered production, leaving the search giant with just 1% of the u.s. smartphone market, compared with 32% each for apple and samsung. google bought a part of taiwanese phone maker htc, counting on expertise in artificial intelligence to stand out, with earbuds that translate foreign linkages in real, and a --era that takes pictures of earbuds that translate foreign languages in real-time, and a camera that takes victors of faces it recognizes. genie: u.s. networks following the netflix model. stephen: this is the idea of using on-demand television instead of broadcasting

the european union is cracking down on multinational companies that aren't paying their taxes apple and amazon may have to pony up millions of euros all of that and other business headlines coming up with monica. are on the rise and you know i am thinking of the old story to highlight different shades of nationalism and to find out why that makes should be to you.

apple or google. gurmanerg tech's" mark joined the event and joins us from seattle. mark: this is amazontepping up to the plate and heralding itself as a major consumer technology player. it is no longer just apple and google. amazon is saying they are here now and they stepped up their smart home game. they have several new echo speakers are in. emily: mark, you review these products, how does this stack up to google home and what apple is planning to unveil in december? mark: google has their home speaker. it's the center of their smart home world. apple has their home pod speaker coming out in december. that will become the center hub of their smart home world. around those products, have other devices, apple has the apple tv and the iphone. google has the pixel phone and their tv products. and other operating system, android. what amazon is saying is we are going to make the smart home our category. we are going to take over every part of the home. not only do they have a smaller mid-tier speaker, but they have a new and a speaker that allows you to connect to appliances in the netwo

let's talk about amazon, the major spat with the european commission and apple are also getting in a t under that. funnily enough, it looks quite modest compared with the $1a billion which the eu has ordered apple to pay to ireland. the eu went to court for not collecting the back tax this week. the wider picture here is this continuing battle with europe and these big tech firms. they call them gaffer in europe, google, amazon, facebook, apple. they are very worried about their power. i think people around the world are worried about their power. the european commission is taking a different attitude from the competition authorities in america where the general mood is these are very powerful but they are not doing any harm to consumers. the european commission is more concerned about the structure of the industry and how to bear down on these mighty companies. gafa, i have not heard about that one before. i learned about that one before. i learned about fangs the other day. i am totting up all these new words! the other story that was big this week, yahoo, the breach was even bigger