robert is $46.00 he has no partner no children and very few expenses amazon paces camp side his health insurance and $15.00 an hour when he works managing customer returns it's a temporary contract for a couple of months. the cantor family lives next to robert. ivan 3 to our new. 80 year old ivan cantor is the oldest employ yet amazon's hebrew and warehouse he and his wife law rain work to top up their pensions and they say to have a better life personally i need a home base ah but. that the ferment i hope i can get out capital and the gift of the opportunity to do that. more financial security but you have to hit the road to get it perhaps not everyone's dream but it seems to work for some. in a lot of criticism about amazon and concern about what the growing off life trade industry would mean for work environments in the united states but one thing seems to be clear though the work campers in kentucky not quite happy with the lifestyle a job. and that's it for me and the d.w. business team more do check out our website d w dot com slash business i'm saving there's a blend it's for wa

. >> billion dollar winner amazon on its best pace for the whole year where the stock goes if here the investment committee is ready to go. "halftime report" starts right now. >>> welcome, everybody, once again. it is good to have you here with us on this friday. though this friday is not so good if you are long the market. our investment committee, josh rn brown, jim little bitten all this, steve wise, and lindy bell it may be a judge-free edition, but that does not mean we will be rendering judgments on thing. we begin with a look at wall street scott, stocks are tanking this hour on this last trading day of january, this last day that britain will be a part of the european union the dow set to end the month lower. the s&p trying to stay above water. the nasdaq still up 2.5% so far in january josh brown, i will start with you. we will go from my left to my right. january began so well. what happened? >> you have all of these people that have been saying stocks are overbrought. now they finally pull back and people get upset about it. wait, i thought that's what you were waiting for y

people are buying amazon's ring system at fevers pace. online sales jumped 180% since december. upsetting videos where hackers are harassing kids in their bedrooms, they have not hurt sales. why not? >> it is kind of amazing, isn't it? i feel like every couple weeks we have a story how someone's ring was hacked. we saw the girl -- deirdre: christmas one was horrible. >> it is horrifying but you know these security devices are hugely popular. i think people are using them beyond just, you know, watching their kids or, keeping an eye on the front door. deirdre: get a package, on the porch, you want to see your porch. >> exactly. at ces we saw a lot of talk about these home automation that work with a lot of other home automation. if you have led wi-fi enabled turned off and on when you ring the doorbell or senses someone in the backyard. i think benefits of these devices far out way the risk of somebody hacking into it or somebody watching through your security camera. i think a lot of people are using devices outside of the homes to keep an eye on the what is going on outside the

techs, they are all up on fabulous run, amazon is up 16 bucks, microsoft as we told you, apple now at 3.14. all right, jack, can the big tech-runup continue at this pacel be the biggest cast generator in america in just 3 or 4 years, it's going past apple most likely, apple's valuation is getting up there, it's not the fast-grower it used to be, you mentioned alphabet, facebook, show me companies with this valuation that are growing this quickly, companies that can grow the top line. >> microsoft you talked about and apple they are ear buds which sold amazingly well. >> microsoft at 164 and i sold most of the stuff, 159. stuart: 5 bucks per share. >> i'm sure you still have somewhere. i hear you. [laughter] stuart: can you put that up there, it's way down, below 500 points and you will tell me why. ashley: registrations in california which is a bellwether for the rest of the country, down 46.5% in the last quarter year over year, 7500 bucks now gone away, once you hit 200,000 sales of your car those credits starting to away, the tax benefits have gone away and registrations have gone way down. >> i think they caught a downgrade from morgan stanley, i

amazon is growing that advertising pace where pinterest does well is in that space i think you coulde a bid as a two-pronged approach they already bot jet.com. >> you see it as a takeover target >> i seek the jet.com founder may be looking for an exit ben silverman would be a great new ceo of walmart's e-commerce, and customers can start pinning stuff all over the place >> exactly. >> i like that i like that. >> thank you >> here we go. >> >>> this is the last commercial we are going to take before the close up next we'll bring you uninterrupted coverage of the final minutes of trade when we take you inside the market zone. as we head to break, here is a check on the major averages. you can watch us live, on the go, on the cnbc app. look at that the dow is down about half a percent, similar move lower for the s&p. "closing bell" will be right back find the best instructors in the world, and tie it all together with a world-class software experience. we ended up creating, as you all know, so much more. peloton is truly a category of one and we're just getting started. now, let's do th

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amazon those shares, a bright spot in today's trade. you have got shares surging nearly 9% after beating earnings estimates across the board on pace for itsest day in more than a year. the move sent amazon's market cap above the rare $1 trillion mark for the first time since 2018 and never actually closed above that threshold jon, morgan, we start with you guys jon, how big of a move for amazon and can it keep it that way? >> i don't know if it can keep it that way but it's big because of the surprise factor the earnings about two things i would argue. cloud momentum and one-day shipping they set the market up for, ah, 1 1/2 billion in costs hard going into investment mode and then not only did the move drive more revenue it didn't cost as much as everybody expected and profits tushed out to be better and then the set-up of microsoft and amazon maybe amazon's not doing well but they have decent growth in the cloud. at a good margin and so when you got that top line growth and profits from amazon expecting investment you get happy. >> a thing that stood out is how good and robust the prime membership is. for this particular company. >> mor

to a lower open near 180 points nasdaq lightly higher thanks to amazon yesterday, erasing a nearly 200-point loss in mid-day trading. on paceositive month in a row the 10-year 1.556% the 2-year, 1.355% japan trading higher hong kong slightly higher in trade. we'll see what is happening in europe the uk is preparing to leave the eu tonight at 11:00 p.m. local time in the uk the ftse 100 down. france is down about half a percent and germany off 0.4% this friday morning. we'll look at other top stories this morning kate rogers is here with more. >>> a california judge has ordered johnson&johnson to pay $344 million over the lawsuit involving the pelvic mesh. kamala harris has accused them of deceptively marketing the procedure as a safe procedure. they will appeal the decision. volkswagen is looking to take over navistar. they already own a 17% stake and will carefully review this proposal >>> american airlines and mechanics union have struck a contract deal covering more than 30,000 maintenance and service group employees. union members must still approve that deal. the american airlines pilots union sues to stop china flight

pace of economicic growth since two thousand and thirteen.n. london listed tullow oil continued its fall down further 16% is wednesday. amazonhas announced a billion dollar investment in india to help small and medium size businesses sell and operate online. ceo jeff bezos said this would be the indian's century. began a three day visit but as you can see their retailers organize demonstrations in some three hundred cities to express their opposition to the behemoths growing influence. earlier this year's competition commission of investigation into amazon and the walmart owned flipkart. they're accused of breaking the law promoting preferred sellers and offering. an offering steep online discounts under cut traditional traders take a listen. what is. to bring capitalism de. what a what is it about. what does one do y. pulled the competition are there going on. they're all done good never ending it seems struggle for amazon to implant itself and take over the whole world arc que thank you very much indeed can be who's already taken of the whole world access which is accepted. thank you. it's c cross t the stududio james crea

they have not managed to keep pace with leaders in the field which are amazon and microsoft.he biggest and azure trying to eat at the market share. google is way behind. they have made a few acquisitions to catch up in an effort to pivot away from the core advertising is this. there are the subject of huge regulatory scrutiny. francine: what does that mean for putting your money in tech or not? david: this is one of the most common conversations we have. but if itoves tech, is just in u.s. market cap, yo uhave ahuge concentration. huge concentration. if you wanted to go internationally you have tech outside of the u.s. in asia and europe. if you do those things, size, geography and private markets. keep the level the same but hedge the concentration at regulatory risk. somethingis there below the tech companies that you like? components or something else? david: one of the most important innovations is a fund focused on vehicles and the supply chains. these are tech firms focus on a thematic one and we have a whole range of tech and internal funds focused on different niche i

going to be, as we wait for amazon's earnings after the bell tonight, is their cloud business giving up any share or is it simply that the market continues to grow at such a pace that you can have microsoft succeed so strongly in cloud and amazon as well >> i'm afraid there's going to be a race to the bottom in order to get some -- >> in terms of pricing >> yes satya talks about national retail federation and he's talked about getting walgreens he talked about getting walmart. you're not going to get these guys just by service although he does point out that to move, to migrate from a microsoft corporate to the microsoft cloud is one-fifth the cost of amazon so he's got a great story. obviously amazon web services is fantastic. >> it's been the dominant player, but we know microsoft has moved up google, by the way, has become more aggressive as well. >> yeah. but it is the fastest grower listen to lisa su and a wildly misinterpreted conference call, the cloud is the greatest secular story of our time. but yeah, i think if you're amazon, do you need to acknowledge other -- we have competitors nipping. >> let's see what it looks like tonight. meanwhile the stock

. >> right when they miss -- earnings is a residual at amazon they didn't try to make a particular number. it was pacingvolumes and, obviously, when they were deciding to take the investment spending. but, obviously, massively reassuring to have that magnitude. it's interesting because aws it's kind of like apple blowing out the iphone line. when everybody was focussed on services i mean, here we have amazon the core business. the old core business driving, really, the upside at least for this point. >> yeah. we were talking about the stock here you own shares. >> i do. it was relative to the other faangs we talked about how it lagged. but aws was 31% growth they did a little something like 33% growth in aws. obviously margins up a little bit better than expected you have the operating leverage. so i usually think that the retail side is actually -- oh, usually it's disappointing this quarter. everyone has such great expectations this is very encouraging, for sure. >> how is the fight back of target and walmart peaked in terms of how it drags down their margin have we seen the worse of that for amazon >

amazon information. optimism a recovery may be under way. gdp increased one point 3% expanding at the fastest pace the third quarter of 2017. south korea is pinning its hopes on an export turnaround and trade tensions thought between its two biggest trading partners, the u.s. and china. and more than 5 million cars are being recalled here in the u.s. honda is calling back almost 2.5 million older vehicles for defective air backs -- airbags by the now defunct takata group. toyota has recalled 3 million cars over a faulty control unit, and airbags as well as seatbelts. global news 24 hours a day on air and on quicktake by bloomberg powered by more than 2700 journalists and analysts in more than 120 countries. i'm su keenan. this is bloomberg. rishaad: just getting a report of another coronavirus case in macau at the moment. sends china -- sands china still moving up. selina wang is our china correspondent. where do things stand now? selina: the heightened concern is that millions of people across china are already starting to travel for this major new year holiday where they are expected to rack up

amazon, tesla, the reasons why he's number one. >> two names that have held up very strongly in this market despite the fact you have the dow and the s&p on paceir worst week in six months >> i can't believe january is over >> i know, right >> yeah. nice having you here. >> great to be here, thanks. >>> thanks for watching "power lunch lunch.". >> "closing bell" right now. >> welcome to the "closing bell." i'm wilfred frost at the new york stock exchange. we have a big selloff. the dow was down 600 points or 2% on the dow. with 59 minutes left we are down 543 points >> welcome, everyone i'm sara eisen let's look at what is driving the action fears of the coronavirus as american, delta and united all suspend flights between the u.s. and china. the chicago pmi number plunges

amazon, tesla, the reasons why he's number one. >> two names that have held up very strongly in this market despite the fact you have the dow and the s&p on pace for their worst week in six months >> i can't believe january is over >> i know, right >> yeah. nice having you here. >> great to be here, thanks. >>> thanks for watching "power lunch lunch.". >> "closing bell" right now. >> welcome to the "closing bell." i'm wilfred frost at the new york stock exchange. we have a big selloff. the dow was down 600 points or 2% on the dow. with 59 minutes left we are down 543 points >> welcome, everyone i'm sara eisen let's look at what is driving the action fears of the coronavirus as american, delta and united all suspend flights between the u.s. and china. the chicago pmi number plunges the dow and s&p negative for the month of january and the big story bucking the trend is amazon looking to close up the day 10% higher after a blowout quarter. we will be all over the sellout through the close. global investor mark mobius is today's "closing bell" closer. joining us for the hour of trade, barbara duran is here from bba capital partners. what do you d

pace with that. markets such as india that are colossal and have high adoption of smartphones, they are challenging walmart's local business and have a huge head start. they accommodate cold, and amazond they beat estimates so much, because they did really well or talked the market down? alex: it is hard to know for sure. you take into account the lowering of expectations and even greater surprise. the fact is, the overall revenue growth was not that considerable and the business did not perform particularly better than a year earlier. it was better than analyst expectations and still, aws is the thing that prints money. what you might consider the core business, the e-commerce, is not a money printing machine. francine: alex webb focuses on technology. in the next hour, dan katzive and meredith sumpter. we will talk about the virus. we will talk about forecasts coming in from the fed. we had some disappointing data from italy and france. it is the day the u.k. leaves the e.u. so talk of brexit and trade deals. this is bloomberg. ♪ by the strolle♪s ♪ i want to go, go, go where my baby is ♪ hey. hey. you must be steven's phone. now you can take control of your home wifi and get a noti