i think the amazon web services business continues to hold in the place of competition from microsoftoud offering. we know that microsoft has been getting market share, but i think amazon web services has gotten a lot of special attention in terms of the potential of growth. i think this quarter they will he answered all doubts, about 34% growth. 26.5% operating margin. amazon web services really at the forefront of them on innovation. you look at the other areas, prime membership group, you get a sense that it was actually a major catalyst for that. a lot of positive takeaways. remarkable execution. >> amazon web services was one that was going to be watched closely, expectations were firmly managed to say the least. what does it need to do to remain competitive against microsoft and google without spending unsustainably? i think they are actually doing what is within their control. markets, somenal of the stocks growing to the margin markets. like india, a notable call out there. cloud the pentagon infrastructure contract to microsoft was a big blow to aws, which they are still liti

we're seeing amazon web services at the forefront of a lot of technology and innovation.ou look at other areas, prime membership growth, why they don't disclose those numbers. you get a sense that the holiday season was a major catalyst for that with the one-day shipping. a lot of positive takeaways across the board with remarkable execution here. >> amazon web services was the one that was going to be watched closely. expectations were firmly managed there to say the least. still surprising. what does it need to do to remain competitive against microsoft and google without spending unsustainably? >> i think they are actually doing what is within their control. the biggest upside that i see is the international market. some of these fast-growing emerging markets like india being a notable callout there. losing the pentagon cloud infrastructure contract to microsoft was a big blow. this is a huge addressable market that will be big enough for the three major players of which amazon is still the dominant player in that space. despite the competition from microsoft and googl

capture the u.s. government. >> narrator: in 2013, he got a major boost when iwas revealed that amazon web services. >> amazon web rvices was awarded a ten-year contract for pi00 million. >> amazon is hel the c.i.a. build a secure cloud computer network... >> the c.i.a. contract was probably one of the best things that happened to amazon's cloud business. it lifted all doubts about the security of the cloud and on ether you cod trust amazon with your most precious data.he >>essage to the world is, "if the c.i.a. trusts amazon with its data, then maybe other companies and governmentio inst can, as well." >> narrator: and they d. >> experience it witexpedia. >> narrator: a.w.s. became by far the world's leading cloud-computing platform. >> on cbs. >> narrator: today, han a million businesses, as well as pbs, pay amazon to store and manage their data. >> narrar: bezos had again anticipated the next frontier in technology, and had made himself indispensable to it. >> what jeff bezos is after is really creating a company that is the infrastructure, that owns the infrastructure for how commerce is do. an

the amazon web services business continues to at least hold its own.f positive takeaways with remarkable execution here. >> finally happening after 3.5 years of division and uncertainty, the u.k. is leaving the european union today. the starting gun was fired in january 2013 with a speech by david cameron. markets especially expected the 2016 vote to go the way it did. >> now starts the real work, boris johnson negotiating with the eu. what do we need to watch out for? >> alignment is key. to what extent will the u.k. remain aligned with the european union after brexit? boris johnson said he won't extend the negotiating period. whether he will be flexible with the timing is crucial. >> behind the scenes, the conversation moved into the relation a long time ago. what the europeans worry about is not so much the u.k. leaving, but being undercut when it comes to business. they worry about the u.k. being an unfair competitor, cutting taxes, and the number one priority for the eu is protecting markets. >> u.k. and russia confirming their first cases of the

that's essential to what they would call the justice in this case so it's interesting this is amazon web services an arm of amazon that was seeking this contract and of course they realize the president presents unique circumstances as they put it in their order so maybe they don't really hold out much of the actually get a chance to depose him but it's certainly giving him a chance to air their concerns are you of course working with america's lawyer you know precedent is key here is there actually any precedent for a military contract being denied and the president of the united states being deposed or even the defense secretary for that matter. not that i know i'd have to dig into that a little bit more to see if there are any specific precedents or other cases where they were in fact opposed but for the most part it seems as though in previous cases where a public official whether it's a president or another military or congressional leader was asked to be subpoenaed whether it's you know president clinton and his impeachment trial or whatever else they eventually find a way to make a comprom

thursday but was apparently sealed and therefore it's not public and nobody seems to know why amazon web services or 8 of us which has filed the suit was also instructed by the court to set aside $42000000.00 for any costs and damages that could be incurred in the event that this injunction was issued wrongfully as we've reported amazon's lawsuit claims that president trump wrongfully intervened and blocked it from receiving the $10000000000.00 contract over 10 years because of his dislike for amazon owner jeff bezos shares of microsoft fell on the news amazon stock rose just a little bit. well big oil is down today dropping by as much as $300.00 in just one hour just as the world's largest 'd crypto currency was about to break through the $10500.00 mark meanwhile wells fargo is pouring some $5000000.00 into cryptocurrency forensic firm elliptic in hopes of creating products that can help crypto exchanges build relationships with banks the main product elliptic discovery is designed to provide a bill of health for over 200 crypto exchanges worldwide services will provide everything from how those

. >> next up, microsoft firing back, amazon web services amid its defense contract dispute calling the claims in amazon's lawsuit in their words sensationalized and politicized rhetoric tend to agree with this. claims microsoft awarded the government's jedi contract unfairly under the pressure of the president who hates "the washington post. maybe. the company filing a motion in federal court seeking testimony from president trump and the defense secretary as part of the complaint. when this happens, morgan, i just think that it sells sat satya -- they were suing. >> exactly. >> microsoft was able to get the act together with a competitive offering here and just being bitter and saying this is -- doing this completely with -- what okay you tell me, morgan. bezos hate >> extremely controversial supposed to be a fast competition process. the whole essence basically to start migrating in a broader sense the pentagon over to the cloud and this idea of what's been created commercially adopt it to this high security, highly sensitive abilities within the dod. it took 18 months. you had a pre

what jeff bezos has the right to do, however, we are looking at two tech giants, microsoft and amazon web servicesgoing to be able to provide what the defense department needs, now here is the ultimate thing, the president wants what's best for our military and i don't think any personal dispute would interfere with that, at the end of the day if the defense department is not technologically asuit -- astute, then our military is impacted, readiness is impacted. >> to me it seems like it would someone who follows them, the stocks and growth of cloud businesses, i don't see how amazon other than saying they were first and by default larger could say that they have any distinct advantage per se, tough hill to climb, both to your point very, very good at this. >> right, so when you're doing the proposals you to submit to people that you are going to have working on the project. now you're going down to maybe resumes. charles: they scrutinize it that much? >> of course. charles: really. >> when are you going to be able to delivery, looking at the who i will concept from cradle to crate, so for them to

they use amazon web services way to do all the permutations dr.auci said they have something, they're going to fast track how it's done. the question i have is will -- remember, we had the tuskghee airman case where we specifically gave people something. >> they couldn't get the test base from china. >> interesting, wasn't it? i thought that was counterintuitive given the fact that i don't think chai china has a very similar health care system they have a not great public health care system, not like retail, scott. >> i was going to say, i didn't have us making such a quick pivot from nike to moderna. >> i'm trying to cover everything here. does anyone know modena? lamborghini, that restaurant there, cheese capital of the world. i'm surprised you haven't been there. >> i wish i had. >> i got to see it. >> met them recently, though, highlight. >> volatility, stick around for pete's two new trades and unusual activity coming up next. as a reminder, watch or listen to us live on the go on the cnbc app. we're back after this. so you can quickly check

it's all about getting off of carbon yesterday, and many of his employees point out that amazon web servicesg, they work with fossil fuel industries to find new pockets of oil and gas faster at a time when science is saying we can't afford to burn the stuff we already know about. that's not to mention all the ships and trucks, and planes it takes to get our toothbrushes to our doorstep. if he was able to harness the power of that company, amazon is the only retail company that doesn't participate in what's called the carbon disclosure project, and this is, you know, how you get a's, b's, and c's at restaurants, they give these grades to companies based on damage they're doing to the planet. >> and they can't even grade amazon because they're not -- >> they're not even playing ball. they give a's to walmart and microsoft, again, bill gates' company, which not only vows to be carbon negative by 2030 but by 2050 they vow to remove all the carbon they've ever burned since 1975 because they're going to come up with machines to suck this stuff out of the sky. that's the race, stopping the stuff we

moderna is most likely to have a vaccine because they do all that great work we talked about with amazon web serviceso moderna is a likely way to bet on a -- on a vac keecine and right now, gilead. like, wow, gilead's working. i said as a cheap stock, i told you to buy gilead earlier this week i said buy gilead. up nicely today. i think it is likely we will soon see drug shortages in this country. and then we will have surge pricing in the u.s., as we are too dependent, ridiculously so, on pharmaceutical ingredients made in china. and i am angry about this. it'll be just one of the many more shoes to drop in this epidemic because we are so dependent on the prc much more "mad money" ahead. last year, companies lost more than $1.7 billion because of e-mail scams basically, small businesses that are set up to scam you i am sitting down with the ceo of a company trying to take a major bite out of cybercrime just ahead i'm taking a victory lap with symantec lightning round. so stay with cramer. you ever get the urge to go a little crazy? you know what i'm talking about, right karen? huh? you wanna let you

amazon web services.nk they have an embryonic health care business an embryonic transportation business and more than an embryonic digital advertising business each of those things could be multibillion dollar businesses. >> what price gets 40 today? >> i think a little lower. we don't worry about the fundamentals but we find some kind of technical support, that's probably down about 5% more from here. >> we'll see if that's true of the broader market paul, great to see you today thanks so much >> thank you >>> a news alert from google from diedra, it's about google, which we were just discussing. what's happening >> that's right. google is confirming an employee in its zurich office has tested positive for the coronavirus it's not sharing any more details includes where the employee is is now or where he or she may have traveled to. in a statement, the company says that one employee has been diagnosed with coronavirus they were in the surk office for a limited time before e they had symptoms we'll contin

plus has already been off to a good start now some extra growth might be in the cards amazon and other web based services are also hoping for a positive effect of coronavirus however as the epidemic grows so do losses for the broader economy gains in one sector won't make up for those. u.s. bank wells fargo has agreed to pay $3000000000.00 to settle an investigation into its fake accounts scandal between 222016 the bank pressured employees to meet unrealistic sales goals they did to the creation of millions of credit and checking accounts rates existing customers was fargo has admitted to collecting large amounts of money in fees and interest as well as harming the credit ratings of some customers and misusing personal information. now for a quick look at some of the other business stories making news the 27 e.u. member states have failed to reach agreement after a marathon budget negotiations in brussels they blamed hard to bridge a rift between poor countries of wealthy states wanting to rein in spending those include germany and the so-called frugal for austria denmark the netherlands and sweet. speak

plus has already been off to a good start now some extra growth might be in the cards amazon and other web based services are also hoping for a positive effect of coronavirus. however as the epidemic grows so do losses for the broader economy gains in one sector won't make up for those. now for a look at some of the other business stories making the news the 27 e.u. member states have failed to reach agreement after marathon budget negotiations in brussels they blamed hard to bridge rift between poor countries and wealthy states wanting to rein in spending those includes germany and the so-called frugal for austria denmark the netherlands and speed. speaking of the netherlands it plans to cut gas extraction from your largest failed to a trickle before closing the tap completely in 2022 hours after a series of damaging earthquakes gas mining from the groningen field is to be cut to $3000000000.00 cubic metres by next year earthquake victims will be compensated and buildings reinforced according to the dutch have a. now argentina stories economies shrink by 2 point one percent last year the south american

couple times on "mad money" and how does vaccines better than anyone they used awv they use amazon web serviceshey used bases to figure out the blueprint of the dna and what's amazing and what will happen with mow derna. if they give it to china, then you're going to find out what china would do, they give you the vaccine and they try continue to ininfect you. we're a little bit more -- >> sometimes the immune response is what kills you. have they come up with a vaccine for sars >> uh. >> no. >> no. but they came up with a vaccine for ebola. >> yes. >> i'm just saying it's typical -- >> the president said they're close on an ebola virus today. >> well, look, we don't know what they're going to do. let's just point out if this is not the way vaccines are made. they are -- they are moving like this. i mean, i'm developing -- it's been 7's seven months typed with the ird. then you get through with the review board. then you get through the review board and a mini trial. then you do 1.0. >> if it doesn't kill people. >> we do not -- the chinese are not doing that. and the president's right. >> here

do you remember when amazon broke out amazon web services and you said to me, jim, this breakout is everythingou didn't say the latter. but, i think that they broke it out so you have a path. and suddenly you don't have to just look at that depressing search number. so i think breaking it out is the beginning of the move. the stock i remind you was up 80 points yesterday, got ahead of this self. but i -- every single analyst raise price target. f.a.n.g. sought. >> the core business is larger than we thought as a percentage of the whole and it's not growing as fast as people thought. >> just you wait. cloud is just in its infancy. >> okay. i believe you. >> thomas is taking the world by storm, yu you juou just didn't easy >> that a big shift in the google narrative. we'll talk about it more. >> is anyone able to get thomas on >> i think you're working on it. >> i'm working on it. >> tom ford had him on. >> i'm sorry. >> as jim said, it's a rough start to the democratic primary season. we're awaiting the results from last night's caucuses in iowa. kayla is there in des moines with the very lates

what's going on in their business i just spend time interviewing andy jazzy and talking about amazon web servicesbroadly so most of my focus has been taking the opportunity to listen to our clients tell me about what's going on in their business and how technology is evolving in their business platforms. >> last year you said if goldman were out here in silicon valley people would be throwing money to own a piece of the business why then nearly a year later do investors still place higher value on the likes of pay pal and others than they do goldm goldman sachs. >> when i was referring to, you're referring to the comments i made around marcus we're proud of what we built in our consumer business in a short period of time in just three years froma standing still zero start, we've built a digital bank that is $60 billion of deposits, 5 million customers, $7 billion of loans, big credit card platform with the launch with apple. at the moment we're not getting a lot of credit for that. >> why is that >> because i think it's inside goldman sachs and i think people are in love with the trajectory of gr

because all they do is this they personalize vaccines and they have hope in cancer they work with amazon web servicesumber of possibilities, so i understand that i look to that [ bell ringing ] >> there is the opening bell and the s&p 500 it's generac maker of generators for homes and businesses celebrating its tenth listing anniversary, at the nasdaq the bowery mission helping the homeless since the 1870s. morgan stanley downside should be limited to 3100, upside to 3500 as the liquidity driven bull market remains in charge. >> every time we see that downtick in interest rates, you keep coming back to okay, i want to be in i2.7% yield you start lowering what kind of yield you need and companies you didn't regard as being yield oriented suddenly become oriented which say lot of the s&p, because they've been serial increases, because ever since the great recession, companies have been reporting cash and when they get too much cash they dividend it back to shareholders even though they always say and if we saw growth, we'd give it to that. very few companies see growth. it is return and return and now

amazon web services seem to have the inside track but last fall and microsoft was announced as the winnern excerpt by james mattis and guy snodgrass wrote, in the summer of 2018 trump called and directed him to screw amazon by locking them out of a chance to bid for the $10 million a network in the contract known as jedi. he's complained that amazon has hurts small businesses. and coverage he gets from the newspaper. now if perhaps it's payback time as amazon is seeking to depose president trump. >> the amazon team made a profoundly compelling case to the judge. and i'm sure that has been unleashed by jeff bezos to do whatever is it legally appropriate and ethically permissible to win this case. >> of the department of defense that we are disappointed in today's ruling i believe the action taken in this litigation have unnecessarily delayed implementing the d.o.t. jay limitations and we are confident in our cloud contract to microsoft and focused on getting this critical capability into the hands of our war fighters as quickly and efficiently as possible. sandra? all right, dan springer f

also doesn't this speak how powerful aws, amazon web services are these days, they have so much data,, aws is really the most exciting thing going in amazon. maria: taking a ton -- >> so much data. maria: exactly. we will watch the stocks, they are up this morning but they were down last night, quick break and suspicious ties to china, my guest says california public fund invested, he wants the cio out, details after the break, they say breaking up is hard to do. >> do-- i do. >> we should break up. >> what? >> google reveal's the top relationship questions, you will be surprised at what tops the list, that's right after this. ♪ ♪ ♪ don't just plan to retire. plan to live. an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an annuity can give you lifetime income at protectedincome.org it's unacceptable that americans pay vastly more than can give you lifetime income people in other countries, for the exact same drugs. but they aren't listening. they've just raised the prices of over five hundred drugs. president trump support

against with google trying to get bigger in that space and slowing revenue growth from aws, amazon web services probably the achilles heel and physical stores with whole foods down about 1% from a year ago. stuart: a half million employees in this country. there must be one of, if not one of the top three -- ashley: yes. stuart: walmart -- susan: mcdonald's has a few hundred thousand employees as well. stuart: how about that. i have to leave time to get to the virus. jeff, i have to ask you about apple. apple has exposure, they've got factories in china and they've got stores which they closed in china. would you buy apple at $306? >> no, i wouldn't. you know what, i have been critical of apple but now apple is so heavily dependent on china for manufacturing, that this virus will affect their manufacturing capabilities if it continues to spread. i would be very careful if chasing apple at this price because they don't have a lot of production facilities outside of china that they can rely on. stuart: $307 and change as we speak. quick check of the big board. high of the morning. now we are up 1

political enemy, jeffrey bezos, founder, ceo of amazon, that was part of the reason that amazon's aws web servicethey want to depose both the president and the defense secretary. stuart: by the way, amazon's up 40 bucks. microsoft still up $2. record high for microsoft today. okay. >>> in a few moments president trump speaks to state governors, part of the white house business session. you will hear that speech on this program. plus the president heads to new hampshire tonight. another big rally coming and he is raising a lot of money in the aftermath of impeachment. we'll break it all down for you. we'll tell you what his war chest is in our next hour. ♪ i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. ahh no, come on. i saw you eating poop earlier. my focus is on the road, and that's saving me cash with drivewise. stuart: we're about to hear from the president. he's addressing the nation's governors. you never know exactly what he will say but it will be, i guarantee, entertaining. in advance of his remarks, here's the latest on what's affecting

web site, pbs.org/newshour. stations, "frontline" examines the ascent of the world's j richest maf bezos. who is leading amazon's deliveru of endless ps, entertainment servicesnd technology innovations to swipe.ers with just a simple but at what price? "frontline's" "the rise and reign of jef bezos," tonight at 9:00 and 8:00 central. and that is "newshour" for tonight. on wednesday, from las vegas, a preview of the next democratic debate. join us again here tomorrow evening. for all of us at "e pbs on.shour,"hank you and see you announcer: mngor funor the pbs newshour has been provided by -- >> collette guides traveler to expanse the world in more than 160 destinations, across five travel styles like small-group explorations. the inclusive tours feature local guides, cultural experiences, meals, and accommodations. since 1918, collette has guided travelers around the world. le >> fidelity investments. american cruise lines. bnsf railway. consumer cellular. carnegie corporation of new york, supporting innovations i education, democratic of international peace andent security at carnegie.org. and with the ongoing support of these individuals and institutions t

amazon's plan. maxar technologies aims to capitalize on the growing demand for satellites and their services both through its own next gen constellation and telestat planning to compete against spacex and one webpoke with the ceo earlier about how maxar is merging >> demand pipeline is strong, and i think there's a bit of changeover between whether it's geostationary or low-earth orbiting we're well positioned to play in both areas so we announced this week a contract with geostationary satellites we're building st. pauler satelli -- smaller satellites as well and our own satellites in the low-earth orbit. we're excited to play in both e sectors. returns are in the future but very good. >> spacex is putting up its star link satellites. in the coming days one web will be launching one of its satellites as well is there room for all of these different meg continaconstellat, room for everyone to compete, not just financially but physically in terms of being in space? >> well, there's only so much spectrum they'll compete with each other. the fact they're launching, they think the business cases are there. we're happy to support them as they go at that. i'm not sure whether they'll all be successf

web site, pbs.org/wshour. later tonight on most pbs stations, frontline examines tho rise of tegy titan jeff bezos, the richest man in the world, who is leading amazon's delivery of endless products, entertainment services and technology innovations to customers with just a click at a button, buhat price? and that's the newshour for tonight. on wednesday, from las vegas: a preview of the next democratic debate.uf i'm judy woo join us online and again here tomorrow evening. for all of us at the pbs newshour, thank you and e you soon. >> major funding for t newshour has been provided by: >> collette guides travelerso experience the world in more than 160 destinations, across five travel styles, like small group explorations. theiinclusive tours feature acal guides, cultural experiences, mea accommodations. since 1918, colette has guided learn more atund the world. collette.com/smallgroup >> carnegie corporation of new york. supporting innovations in education, democtic engagement, and the advancement of intertional peace and curity. at carnegie.org. >> and with the ongoing support of these institution and individuals. >> this program was made porible by the corporation public broadcasting. and by contribu