. ♪ i never expected their stock room to look like the amazon fulfillment warehouse, but i also didn'tge sale. it's thousands of square feet. get it organized and then make use with the rest of the place. cody. well, so, i figured since your inventory's upside down, i would hang upside down, too. chris: i knew there was gonna be a good joke here. lemonis: it doesn't look good. chris: yeah. lemonis: we need to totally remodel this basement. so, here's the challenge you have -- you have to liquidate $200,000 in 30 days, you have to organize this warehouse and the store up top. chris: it's a -- it's a constant game of keeping up right now, and that would -- lemonis: did you say "keeping upright"? chris: [ chuckling ] trying -- trying to keep upright -- jess: [ laughs ] chris: there it is. ♪ lemonis: eventually, we're gonna need to close down the whole store in order to remodel it, but for now, we'll start with the basement. there's at least 3,000 square feet down here. i want to use a portion of it to properly organize the inventory. but the balance of it -- i want to turn it into a whole

today, amazon broke ground on its first fulfillment center in fresno. 1500 new jobs once it opens inut a year. this location will focus on shipping small items, including books, electronics and children's toys and will become the fifth fulfillment center in the central valley. amazon stock closed today at $995. the dow ended above 21,500, after gaining 144 points today. the nasdaq saw an 87 point boost. >>> all 28 san francisco libraries are now open seven days a week. the city has added sundays to nine libraries and extended hours to all of the others. a few years ago, budget cuts forced some libraries to reduce the days they were open. >> san francisco has said libraries should be an essential service. so they voted themselves a tax. >> the city has hired 17 more librarians and staff to work the extra hours. >>> some of the top tech executives went to the white house today. >> we'll look at who made the trip and who didn't accept the president's invitation. >> i think we're moving a lot faster than people realize. >> the proposal that could put the brakes on robots taking over ou j

patent application says it would be used in urban areas because amazon wants to put its fulfillment centers and cities. it doesn't mean the towers will be developed, but suggests amazon is looking to move forward with drone delivery. >>> still ahead, could you visit the happiest place on earth every day for more than five years? we're talking about disneyland and one man has done just like that. more on him, after the break. ...that had the power to whawaken something old...... ...or painfully dated... ...or something you simply thought was lost forever... ...because it could form a strong bond, regardless of age... if a paint could give any time-worn surface stunning new life... ...you have to wonder... is it still paint? regal select exterior from benjamin moore®. only available at independently owned paint and hardware stores. >>> it is known as the happiest place on earth. were talking about disneyland. i've never been there but apparently someone has been going for more than five years now. >> that's exactly what a california man did it. every day for five years. he asked -- he explain

since then amazon has opened stores and fulfillment centers and pays taxes in every state. resident frequently attacked bezos during the campaign, claiming he used the "washington post" as a toy. >> amazon is getting away with murder tax-wise. he's using the "washington post" for power so that the politicians in washington don't tax amazon like they should be taxed. >> relations seem to have warmed since the election. the amazon ceo has met with the president several times including with other tech executives earlier this month. he's sitting next to nadala and to his left is jeff bezos. >> you wonder if there's pushback from bezos, the hash tag #bezoswashingtonpost. great the -- check it out on twitter. >>> president trump kicking off his bid for a second term. yes, already. why so early? how rare is this? and why the venue is raising some eyebrows. megan's smile is getting a lot of attention because she uses act® mouthwash. act® strengthens enamel, protects teeth from harmful acids, and helps prevent cavities. go beyond brushing with act®. >>> national security adviser h.r.

world, this is the way to kneecap the entire industry vir which yo virtue of them having fulfillment center, amazonnot have, but what are they going to stay in the next earnings call? >> how long will we know whether this is working for amazon 18 months, two years. >> i think we'll probably know within 18 months, but i think they're just beginning, man. when he made this decision, this is like a 10, 20-year decision. >> got to leave it there thanks have a great weekend. >>> for more on where amazon's efforts and grocery stand today we turn to diedre bosa. >> amazon has been pushing into the grocery space already for a decade with its fresh online grocery delivery service that started back in 2007, but guys, online grocery hasn't picked up as quickly as some may have thought. people still like to go to physical stores, they like to pick their own veggies and fruit. now, online sales are expected to grow, but for now the market is still mostly in physical stores and amazon has given us hints that it's been looking at an online/offline hybrid approach a few months ago we were in amazon's hometown of s

mhs is a provider of turn-key services on the fulfillment side of the world or the amazons, upss, the fedexes, dhls and others. they provide services from designing software, the physical infrastructure, the machinery and overseeing the engineering and implementation of the large facility that allow them to be-more efficient in delivering packages on a timely basis to consumers. maria: what your take on am zong taking over whole foods. >> it's a good move for amazon. it's hard to do that without the kind of specific logistic structure that a large supermarket retailer like whole food can bring. maria: thank you so much. scott sperling. more "wall street week" right after this. >> announcer: will the senate healthcare bill mac our economy healthier? carley maria: senate republicans release a bill of their draft. it would phase down the medicaid expansion, repeal obamacare taxes except the cadillac tax. it would also give state more latitude to opt out of regulations and eliminates all federal funding for planned parenthood. the senate is waiting on the cbo to score the bill. once they

pick up using the locations that whole foods has which dramatically expands the existing fulfillment nodes that amazonthen we're going to see a transition of the store to whole foods stores becoming a mix of both fulfillment center and a traditional retail store and eventually, you know, that click and collect and pick up service will kind of train the consumer that can you order groceries online and you'll get a quality product and eventually that will transition to more customers being comfortable with delivery that's where amazon wants it to go >> what do you see as the dangers for amazon in this area? >> groceries on thin margins, home delivery is expensive but in a lot of areas that amazon wants to move into, a the love areas where there are not whole foods, people are not willing to pay that much how careful does amazon have to be about how it tries to rollout. how are they going to do it now? >> yeah, the answer to that is very careful it is hard as i mentioned earlier to change consumer behavior they can go into a store and pick out the items and i think that's going to be, you know, something

since then amazon has opened physical stores and fulfillment centers. ollects sales taxes from its customers in every state. t the president claimed bezos used the "washington post" as a toy. >> amazon is getting away with murder tax-wise. he's using the "washington post" for power so that the politicians in washington don't tax amazon like they should be taxed. >> relations? i don't know who. he's just two to the right there. they seem to have warmed. sitting at the table with the president. the amazon ceo met with him several times including with other tech executives this month. >>> "newsweek" tweeting the amazon/"washington post" tweet the most confusing comments since kofefe. >> it was. >> fun, #amazonwashingtonpost. >>> one of the most senior members of the catholic church denying sexual assault allegations. what cardinal george pell said before facing charges in australia. these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanc

amazon going to have to address? what are the challenges if it is going to be selling more fresh food? >> are they just going to use these as fulfillment so there is availability in a 15-20 mile radius? will they truly use a distribution network and use the logistics to power amazon fresh so they can have a bigger network? right now, building the systems and learning that playbook is really slow and expensive. now to have access to it. >> this is an exception, the only model they have made so potent works for food. people want to see and touch food. do you think they add to the stores beyond this? do you think this fulfills that mandate? >> i think they will start adding to the stores. the last thought i had was when it comes down to it, we built this business over four years of hard work moving at the speed of a nimble company. if you are a traditional grocer today, you're probably thinking, what do i do? you are figuring out who will make the flight deck to present to the c.e.o. thinking they have to replicate a playbook we have written over the last four years, moving at their speed, it might be five to 10 years before they catch up

amazon is considering beehive-like structures for its delivery drones. the u.s. patent and trademark office just recently published this back in 2015. they would serve as fulfillment drones to take off and land. amazon said the centers could be placed in tensely populated urban areas, unlike their current warehouses which are on the outskirts of cities where space is available. >>> summer trees in san francisco are wearing an extra layer and it's all in the name of art. the knit for life project crocheted sweaters around several trees. sisters were commissioned by the city to dress the trees as part of a public art project. tomorrow and wednesday the sisters will knit sweaters around trees located in civic center plaza. >>> there are new details about that senate health care bill. why 22 million more americans could lose their insurance. >>> plus, what the supreme court is saying about president trump's travel ban. why part of it can go forward. >>> and check this out. that's not turbulence. what caused a flight out of australia to shake like that. the energy conscious whopeople among usle? say small actions can add up to something... humongous. a little thing her

delivery, watch out everyone the biggest problem for retail is if and how amazon uses the new 460 whole foods stores as additional fulfillmentor pick-up centers. that puts amazon that much closer to your front door and that is what the retailer should -- >> that last mile. >> that last mile. >> they've got the remnants of what was web van way back when back during the dotcom bubble. i remember the photos of all the refrigerated trucks. they were going to deliver groceries back then. they've been thinking about this for a long time. bezos learned a lot from whatever happened or didn't happen >> they've been experiment with amazon fresh they've looked at it in london online grocery delivery is really hard. nobody wants to pay for it you don't want to pay for that convenience because amazon got us used to not paying for that it's very expensive to have a fleet of refrigerated trucks the logistics of ordering and knowing exactly when you're going to be home if someone can figure it out -- >> don't they have a deal with instacart already? i would imagine instacart has lawyered up trying to fig are out, hey, we still have a deal h

they would be used in urban areas because amazon wants to put the fulfillment centers in cities.ods around and help maintain the drones. it doesn't necessarily mean that the towers will be developed but it suggests that amazon is committed to drone delivery. >>> facebook's ceo mark zuckerberg, says he wants to build stronger and more meaningful communities. he wants to create online communities to bring together people with common passions, problems, and ambitions. bitions. >> so today we're going to set a new mission, to set our course as a company for the next decade. and the idea behind our new mission is to bring the world closer to together. to-- closer together. >> zuckerberg is taking the same algorithm that facebook uses to bring friendships to more meaningful groups which means more time spent on the site which in turn means higher profits. >>> tesla might be getting into the music streaming business. the automaker is now talking to music labels about its own streaming service. it would come preloaded in all vehicles and include a web offer similar to pandora. no word ho

they are the low-cost provider, but on price they compete, but amazon competes on technology and fulfillment can see across so many industries right now, traditional businesses trying to get into digital. is this an indication that you can see this in automotive, all the places. it almost has to be the digital that reaches out to the traditional rather than the traditional moving into the digital? >> technology enables a lot of different things. it enables communication, it enables these companies to mediate, it enables you to sellers, ands and the better companies use technology to reduce costs and faith hill demands. the more market share, the more business they will do, and amazon has been a leader in doing that. >> thank you very much for joining us. acquiring whole foods market. coming up next, we will check and bloombergt, real yield will be live from the black rock trading floor. and we will bring you more coverage on a breaking story right here from new york. you are watching bloomberg tv. ♪ >> from new york city, this is bloomberg daybreak. breaking news in new york, amazon is to bu

the jobs and a are becoming utomated if you worked in a fulfillment center, a lot of jobs are becoming automated, the lead of the likes of amazon, more efficient pick and pack these things. i think you will see the retail job change a lot and retailers are like, b.j.'s in-demand, the highest job for them is a digital job. they want people to help them website and ir technical capabilities. the skills these companies are changing and ally you are seeing retail industry roups try to put emphasis on retraining and training new skilled workers for much more just folding t-shirts or restocking shelves. host: again, the numbers are on the screen. morgan this morning, nashville, retail.e, works in good morning, go ahead. caller: hi. say, retail kind of committed suicide. not customer ly centric, it wasn't interested in experience for the customer. , going ail started out hopping was not just a visual experience, which it was part of experience, visuals '90s and solete in the the customer base just dwindled away. used to have people who really were experts at what they were doing and now you have warm bodies ringing customers register.

amazon apply for a patent or a giant drone delivery tower. they will be futuristic structures filled with drones. the patent application say they will be used in urban areas because of the desire to put fulfillmentnters and didn't see -- in densely populated parts of cities. the patent application doesn't necessarily mean the towers will be developed, it suggested amazon is strongly committed to drone delivery. >>> the ford motor company offering a new option in san francisco for people who want to rent bikes. some smaller rental companies are worried this could be cutting into their business. >> blazing saddles is one icicle rental shop were tourists go to see the sights on wheels. but the owner says the florida go bike has been treading on his terms lately. they recently revealed $15 to ride unlimited three-hour trips within 24 hours, they are supposed to donate -- dominate the commuter niche. >> now that they are targeting the visitor market we feel it is encroaching.>> we do not want the ford motor company to do to our mom-and-pop like rentals what uber did to the tax industry. >> the supervisor says everyone needs to stay in their lanes. >> they should not cannibalize the tours industry, th

what amazon is especially good is managing giant fulfillment centers and packing things and getting themirms like on track. thesey're going to turn whole foods stores into refrigerated distribution centers they still have to build logistical capability for the 440 domestic locations. that's going to take a year or two. that's not going to be a this year walmart ties type event. simon,we just had bill former walmart ceo. he went to logistics as well and said that's what we underestimate with respect to walmart. they are really great at logistics behind the scenes. who's going to win that part of the battle? >> amazon wins no matter what. walmart is going to be a survivor because they sell everything just like amazon does. it's likely that everybody buys everything online. there's always going to be retail. there's going to be small box retail. supermarkets are in trouble. consumer electronics retailers are in trouble. i think walmart will be here in another 50 years. alix: what is the biggest retail issue that amazon could help solve for a company like whole foods? >> we don't focus on gr

amazon. jonathan, amazing reporting. thank you so much. the president might not fulfilldo, but he hopes it will. strong reaction across the board to the president's tweets about msnbc's mika brzezinski, the first lady defending the statement. what happened to her anti-bullying campaign? where are the other senior women in the administration? >> we have to find a better way to talk to each other, to disagree with each other, to respect each other. we must find better ways to honor and support the basic goodness of our children, especially in social media. last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big ways. china. oh ... he got there. that's the power of and. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at hol

it might suggest if they can actually fulfill that vision, they would have a potentially promising future. but they are going to go up against amazons just name that one. that's the company i would worry about most for them. any kind ofdo with delivery, including food, amazon is the company to worry about. that's what any company in this industry will be focusing on, including them. emily: i'm getting hungry watching this video. talk to us about momentum in the tech ipo market in general. snap went out earlier this year. this is another sign that the door is open. what's next? alex: the door is opening. we've had about $6 billion worth of tech ipos this year, compared to last year's just over $3 billion. it's already doubled and we are only in june. the momentum is definitely there. the markets seem to be behaving. caoml -- calm is always good for the market. companies like this are moving. the blue apron -- people will be looking at its close competitor, which has hired banks for an ipo as well. they just took money from unilever. when it comes to blue apron and the toughest competitor, whether it's beating them to the market or n

amazon. it's a low margin business. it's not a great business to be in. jeff bezos is thinking two or three steps ahead. he's thinking about is another whole foods stores as fulfillment, as processing centers, as warehouses. i think he is seeing all the whole customers being athletic customers with amazon prime members. remember, amazon's stock when not been increased more in market value than the entire purchase price they pay for whole foods. right now the market is betting on jeff bezos and thinking he will be -- maria: how about the other supermarket companies at all sold out. you look at kroger, other supermarket companies. do you think people are just nervous? >> is kroger, wal-mart, all of the companies thinking amazon is getting in here now did they will what they did in e-commerce. they'll just crush margins. they can afford to this money for a number of years, and therefore put a ton of pressure on all the other groceries. there is potential there and more consolidation. >> they've been having problems for some time now. i wonder to what degree this might be in part a strategic shot at wal-mart. maria: that's a big part of it. >> remember, activist hedge fu

on island of amazon women to be a fears warrier when high lot played crashes on their island and warns after deadly world war brewing, diana, decides to join a fight with mankinds to fulfillstin. >> i no one else will defends the world, then i must. >> lives up to the name, performing many of her stunt, including some re shoots, while she was pregnant with her daughter, mia. >> we shot the movie. then i went straight into just i was shooting, at the end, some additional photography for this one, so five month pregnant. and i just had a funny costume. they cut a big triangle, and painted green, and i came to work, me and mia, we came to work together. >> playing wonder wall was an honor, who thinks this superhero has a story for everyone. >> i think that it is so great, that finally we get to show this beautiful iconic character story, not only great for girls, it is great for boys, as well. it is about time. i'm just happy that it is finally happening, and i get to be the one to tell her story. >> sacred duty to defend the world. >> it is what i am going to do. >> for entertainment tonight, i'm kevin frazier, now, back to you in the studio. >> very intense movie. >> i kno

amazon does. >> right. >> think about where they have all their fulfillment centers. they can buy any amount.hey'll know exact my what we want. >> yep. >> they have artificial -- they have the best artificial intelligence remember when you hear about nvidia, remember nvidia, it's their chips. they know what we want ahead of what we -- when we want it they'll have it on the way home. have it in our house wherever you need it it will be -- by the way let's not forget, it can be a show room for everything. they could show room for appliances i don't want to own best buy they could be best -- they can use the whole foods format no keep it at food. let's keep it at food. but i'm saying they can stock more costco is threatened by this. >> i would imagine that one reason why costco -- >> this is going to bring the market - >> down 4%. >> the retail sector which has been clubbed >> but you would have rather seen this deal happen than say nordstrom's? >> i think nordstrom's get done. >> you do? >> yeah. if i'm nordstrom, if i were the brothers i would be selling it to the private equity because it's j

amazon has advantages over walmart. one is there's a vast, vast online audience, probably the second biggest online audience relative to google and maybe to facebook and the other thing that it has is a fulfillmentetwork that's really laser tuned for e-commerce, areas where walmart has to catch up, and they are getting ground, but amazon has a big head start. >> yeah. david, interested that you are saying this suggests strength in walmart's part and perhaps competitive on amazon's part. i feel i read it completely differently, which is that amson knows it can afford to did after the customers, perhaps subsidize it, depending how much margin they give up, expand the rolls, and for walmart, force everyone else to somehow try to answer this? >> first of all, the world's bigger -- there's a lot of opportunity for both walmart and amazon still left in the world. you know, they are both moving to the forefront of e-commerce. like i said, they have been really interesting acquisitions, particularly walmart, by amazon has done it for years. the one thing walmart does, especially the lower end customer is with food, and there they are the largest seller by far of food. >>apples, unless amazon gets those

amazon jeff bezos has global ambitions. never underestimate his ambition he is in tokyo, london, paris, he's moving all over the world with grocery delivery. basically anywhere where they have a fulfillmenta grocery delivery to it whether it's through prime now or amazon fresh. so i think you're going to see major moves including word is now that they're about to get approval in india to start delivering food in new delhi which would be a big market for them, obviously. >> noah, thank you >> thank you >> by the way, suggest that a lot of people would like this guy wants to know, where do plumbers typically invest? the survey -- >> is that the survey steve came up with? >> yeah. >> utility companies >> i mean i would like to know we could do a whole series of plumbing -- where's joe the plumber? what does he do? does he like bonds does he like growth stocks >> apple >> etfs? >> apple >> i just think steve, more air time anyway we talk to -- we talk to -- just athletes. although we care we talk to commerce secretary nlbur ross earlier. upext another cap net member will be here, energy secretary rick perry yep, i know. he's now - i think we should do that meeting tomorrow. well wait. what d

of amazon women to be a fierce warrier, when a pilot played by chris pine crashes on their island and warns every deadly world war brewing, diana, decides to join the fight, with mankinds to fulfiller sacred destiny. >> if no one else will defends the wormed, then i must. >> lives up to the name, performing many of her stunts, including some re shoots, while she was pregnant with her daughter, mia. >> we shot the movie. then i went straight into got pregnantly was shooting, at the ends, five month pregnant, and i just had a funny costume, we cut a big triangle, and painted green, and i came to work, me and mia. we came to work together. >> playing wonder woman was an honor, who thinks this superhero has a story for everyone. >> i think that it is so great that finally we get to show this beautiful iconic char err's story. and it is not only great for girls. it is great for boys, as well. >> it is about time. i'm just happy that it finally is happening and i get to be the one to tell already story. >> sacred duty to defend the world. it is what i am going to do. >> for entertainment tonight, i'm kevin frazier, now, back to you in the studio. >> and if you're interested in learning

dagen: amazon moving forward with this drone delivery plans, new images from a patent application show how the company would tailor fulfillmentn urban areas. this may not be what the final version looks like but does give you insight into jeff bez es' -- bezos' brain. >> it's interesting, if you compare this idea with the very first unveiling of prime air which is what they're apparently going to call the drone service, this was like a drone at the end of a conveyor belt. let's think drone first. the drone is the driving force within the warehouse, what would that look like, they came up with this. looks like something from out of the matrix but i can see the line of thinking there. kevin: the drone market is heavily regulated and is this even feasible or conceptual to put in reality? >> i think it's feasible and you're 100% that the regulatory and safety issues have yet to be fully resolved. amazon is thinking about that as others like google. what ultimately needs to happen on drones is redundant systems so that if one fails, another one that's completely independent can take over. really that's the only way you could safel

competitive advantage for amazon going forward if you look at the company from traditional retailers and walmart as they're trying to get more aggressive in the space, we think the fulfillmenty have and all the learning that they're doing, through existing learning partners and voice buying through alexa is really setting the company apart. >> michael, it's hard to argue with the evaluation, as brian mentioned before you can call out amazon for making it too hard to justify evaluations. some are warning about rising competition when it comes to amazon those on the cloud side with microsoft and google trying to get big on the cloud, and with the resir gent and walmart chasing after the business, do either of those concern you? >> i do think on the awf side there is some indication that microsoft is getting some share. awf may have a little less in the greenfield than what we thought, by microsoft getting in the space for a public cloud helps to expand the broader market and we think the overall adjustable market is bigger for aw s, even though they may lose a couple points or market share for microsoft. on the retail side like i said with walmart, i think the advantage that