there's a lot of amazon too.with us the mayors of most cities are together in one place. >> reporter: there's no shortage of things of mayors of big cities to discuss. there's the opioid epidemic. there's tax reform for 20 cities still standing in the competition for amazon hq2, maybe a chance to do trash talking. that's about to go away. mayors confirming that amazon is insisting on confidentially as this process goes forward. that means less transparency mayors are okay. >> it's a very secretive process. we're continuing to do what we did last week after the announcement which is sell miami and broadcast to the world, not just to the united states that miami is the place to be for amazon >> if i were to lay out now what i think we should offer, it would be criticized and looked at and determined whether or not that's good or bad >> we aren't really going to talk about what's on the table we have a frame work that's been in place that's supportive of our community and legislature to attract technology companies

but it is not made by amazon. why would amazon give that away?zon echo system embedded in multiple devices, and amazon has more ways to deliver you products. you can interact with amazon not just when you are here at your desktop with your phone, maybe when you are driving you can order from alexa off of one of those things. and alexa devices for your car. we think, and we are probably too conservative, there are 40 million amazon alexa echo installed devices. that number is probably 50 million, even maybe 60 million. it is growing rapidly. you already mentioned the other one, the number of prime customers. we think there are 60 million in the u.s. they added 4 million in just one week with the subscription. cory: what is the conversion rate, you think? during a holidays it is probably lower than at other times. mark: 50% or something like that. it is probably higher. and then there was another one. the number of units they delivered, expedited, either a prime or same day, or next day, doubled year-over-year. people talk about this price -- cory:

to amazon.nd google have solidified themselves as must -- must buy networks. i don't know if it impacts google. i don't believe it impacts google or facebook, it makes a larger for online advertising that is growing to 20% on average for the last several years, which is impressive. >> will have to check with you a few months on that. thank you for joining. androm investor lawsuits resignations, 2017 was a rough one for uber. for all of the crises that hit the start up, they had a critical problem in their foundation. --mer ceo, travis kalanick an inside story on the uber's last year in the fall of travis kalanick. joining us now, eric, this is a fantastic story and much darker than i had anticipated. from the pr crises and internal turmoil. give us the scoop you had. >> one we wanted to take people behind the scenes. he was actually in a meeting with top executives -- discussing uber's toxic brand. uber had found that people had a good impression of uber if they had never heard of travis kalanic

amazon will bring other companies, other innovation.made -- may be more appealing to live and go to school there. i think it's why you have seen so many mayors in cities go to amazon.ngths to attract they recognize there are not 100 amazon's in the world right now. they can have a big impact on a region. selina: fascinating stuff. thank you so much for joining us as well as spencer. saveg up, the battle to net is seeing u.s. states take legal action. we talked to one of the state's attorney general's leading the effort, next. "bloomberg technology," is livestreaming on twitter. check us out weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. this is bloomberg. ♪ selina: qualcomm has won eu approval for its bid to take over a rival chipmaker. to secure the approval, qualcomm fieldt will not by near communication patents. it will also maintain licensing technology. a side effect of the deal might make it harder for broadcom to push through the $105 billion takeover bid for qualcomm. now the fat for -- fight for net neutralit

plus amazon go is open.open the doors for an inside look at the tech giants brick and mortar convenience store. facebook makes a critical admission regarding its own societal impact. why the social media now says he can have a negative impact on democracy and what it is doing. netflix turns in a big beat. the company's biggest quarter ever. subscribers additions be citations pushing the company's value above $100 million for the first time ever. it closed 2016 at a market cap of just $53 billion. reporter lewiss shot joins us from--lucas shaw joins us from new york. netflix's thesis on spending more money on original ramming -- original programming continues to work. look at the slate of shows that they released. they had a new season of stranger things, the crown, new shows in the punisher, godless and mine hunter. they had this new movie, bright. flex does not release ratings but based on some of the data that nielsen released about stranger things and the crown, those would rank as the biggest hits in the

amazon go in seattle.btore lets shoppers what they want without seeing a cashier. give us the lowdown. >> we have been here since about lunchtime. at lunchtime, there -- the line was around the corner. this is a store where you walk in. you have an app on your smart phone. inside, you pick from's images, salads, meal kits, a lot of traditional convenience store staples like note in a. everything is built-in automatically. you just walked out. they are trying to make checking out logjams history. >> are there security guards? are there clerks to help? are the folks there to prevent theft? staff is not at issue. today, there's a lot of amazon people on board. they are definitely rolling out the corporate today for people excited about the new technology. they are limited by the fire code. they say that technology can handle big crowds, but you can customers at a time. inside the store they have a number of employees preparing them -- sandwiches and salads the -- salads. they also have people who are stocking

amazon is a creative company and this is gratifying, and with everything with amazon, scary.y because at the end of the day you need healthy people to pay more to lower the cost. do you care about the kind of effort amazon will have to put into this in terms of money, profit margins? david: no, because they think it will save them money. you have a half-million employees, or more, and you are already suffering from this enormous, chronic tragic and efficiency of american health care, which makes us competitively disadvantaged around the world and it would've frankly be not nearly enough on the front burner of policy discussion. it has nothing to do with obamacare, that is a tiny step in the right direction may be, but we have fundamental reform needed and they are saying, we will do it ourselves. alix: and it comes into a broader sector. we are looking at tech earnings, the forecast, versus the forecast for the s&p. s&p a big move up and attack has not, underperforming. but the stocks are pretty robust. what do you make of the earnings and what do you make of the strength of

leastillion in cost at for amazon. fact that they are getting health care, that they are frustrated with the way it has worked and they are trying to disrupt the industry, it doesn't surprise me. have: what details do we about how this is going to work? >> we don't know how it will work. jpmorgan,hathaway, and amazon are taking on health care. a say that want to look at transparency, look at doing stuff digitally, bring down cost to provide care to their employees, but it remains to be seen. does it mean it will replace some of the middlemen in the system? certainly investors are concerned about it, but we just don't know yet. jamie dimon saying the three of our countries have just three of our companies have extraordinary resources. warren buffett saying the ballooning costs of health care acts as a hungry .apeworm does not come to this problem with answers, but we also don't accept it as -- what kind of conclusion will they come to? >> they have been buying this so long, as zach said the intermediaries have been tryi

where can the partner fill a glass -- a gap that amazon has and fill it more quickly than amazon couldelf from scratch. what sears did was help them get into the bigger appliances game. it helped them around out there inventory of appliances. and potentially get them into the more heavily into the service of those appliances which amazon which -- would like to get a piece of that action. target is getting them into that market with a brick-and-mortar presence and a more vibrant successful store. know what was interesting recently, i purchased a house cleaning session from amazon. i did not really like it. i was really surprised they even have these services coming up as one of their products. not just physical products. is this a new segment of the business they will be looking into? have amazon home services. your experience points out the problem. if you want a regular housekeeper, you do not need amazon as a go between. amazon is taking a shape of that money. they are trying to get into that. they have got the key to let people into your home. that seems to be the latest advantage t

at amazon's current headquarters in seattle. it's 11:00 a.m. on wall street "squawk alley" is live ♪ allow me to reintroduce myself ♪ ♪ you can call me ceo of the roc ♪ ♪ fresh out of the frying pan and into the fryer ♪ >> good thursday morning welcome to "squawk alley." we're at post nine of the new york stock exchange. dow is down 91 currently the worst drop of the year so far. the big news today though, amazon announcing the finalist for the hq2. we have details. >> good morning, carl. and let's go straight to a map of the 20 contenders you'll see that most of the locations, they fall in the midwest, south, and east coast of the country away from amazon's current home of seattle and the west coast in general where most of the biggest tech companies are. the only city from this coast, the west coast on that list is los angeles. and the only city outside the u.s. is toronto, canada. it has tons of engineering talent close by. an interesting candidate given the current political environment. now other contenders include cities that already have

berkshire marginally down, look at amazon over the past ten years, whenever you pair amazon with a sector they're not in yet, it has quite the effect. the man who knows the amazon effect inside and out, scott galloway, author of the four, the hidden dna of apple, amazon, facebook and google. you are arguing the dominance of the four companies, today amazon, needs to be curbed because this specific type of, let me get in this market, let me get in that makes them too big to fail eventually? >> if they went out of business, i don't think it would tank the economy the same way the bigger banks could tank the economy. the reason they need to be broken up, as evidenced today, we don't have fair competition, when one company can perform a jedi mind trick and go into a sector. you see tens of billions of dollars shed from the industry, it means effectively the markets are failing. key to competitive markets is no one player or company has too much power and amazons that proven it has too much power. can choke the mother's milk of business off that has access to capital. liz: that is exactly what

you have news on amazon?> still waiting. >> what was that >> i like doing this, by the way, this makes people -- >> what is that? >> it actually helps. >> like apollo 13. >> they are announcing their candidates for hq 2. >> where are they? >> as we were saying before the show began, whether or not this -- the first stage of their announcement would it be one city or collection of finalists so to speak. >> to make it more fun but again, give us some of the finalists. atlanta, boston, chicago and dallas and denver, indy, l.a., miami montgomery county, maryland nashville. >> those are -- that's a list of teams -- >> new york city >> new york city there's -- so basically narrow down -- they narrow down -- >> they left out philly. >> philly is in, pittsburgh. raleigh. >> they went to the nfl. >> toronto and washington, d.c. >> toronto >> i didn't take that course >> how many is that, carl? >> is it 20? >> i think it might be who did they leave out that's an nfl city >> i didn't hear houston, which people because o

alphabet, amazon, facebook why? why those?e play on advertising and just the massive power that google and facebook have there is there something else about their heft, their size, their momentum >> well, really it is a combination of factors that keeps us bullish on these large cap internet companies first off, there's such a rapid pace of innovation in technology that's benefiting disproportionately these platform leaders things like artificial intelligence, augmented reality, personal assistance. in addition to that, the core secular growth trends in e-commerce, in online media, and online advertising are clearly benefiting the same companies, as well. so when we look at the spectrum of potential alternatives to these large cap internet companies, we still come away more bullish as we look in the year ahead >> steve, for somebody who's investing in young companies, are these big guys sucking up all the oxygen in the room, or is there opportunity for smaller companies to get bought by them? how are you looking at 2018? >> we

beche worely took a trip to amazon go. >> reporter: today the amazon go convenience store in downtownts is open to the public. >> what would shopping look like if you could walk into a store and grab what you want and just go. >> reporter: you need the amazon app to enter the store. >> amazon is a trend trendsetter, they are shaping the way in the way millennials expect. >> reporter: amazon said they have the same type technology used in self driving car, computer vision and sensor fusion. >> when you leave our just walk outline technology adds up your virtual card and charges your amazon account. >> style of shopping is for the millennials. they are about saving time, and speed and they health conscious, they want to see is this gluten free. >> reporter: walmart outside of houston, grab a hand hell devices, and scan as you go to check out. no cashiers needed. walmart and amazon say cashiers jobs won't be in jeopardy if the store spreads. they will change the roles of their employees. >> amazon go, no lines no check out. no, seriously. >> very cool. >> lines no check out. >> it's good

amazon will benefit.distribution benefit, led by supervalu, symbol svu, as well as walmart which we've been recommending a long time as well as kroger and costco. liz: quickly, amazon will have alexa, announce at consumers electronics show alexa in smartwatchers, headphones and fitness trackers to order products from your watch. stuart: is that dick tracy who had the shoe? liz: fitness trackers. stuart: are you sear us? you could speak to a little watch -- liz: speak to alexa and order things on amazon from your watch. stuart: okay. here is another one for you about amazon. they're supposedly bidding for the rights to stream premier league soccer. how you don't know -- >> i know premier league soccer because i work throughout london, ireland, europe and worldwide. your point, stuart with, premier league soccer and everything else amazon is unstoppable but let's go to barnes and nobles support the book of fox's own don maloney inspiring book, the sandcastle for children. stuart: get out of here. what is yo

project -- product searches initiate on amazon. >> wherever amazon is bumping up against the others, it is winning. where it is bumping up against apple and voice, 70% share of voice in the home. apple and media, it was number seven with a percentage of share during prime time and now it is number three. the fastest-growing media group. siri.taking the but of vonnie: with what this entity might mean for clients, joining us is matthew borscht on the phone. what kind of deal is this? it is clearly the amazon inclusion that is striking fear in the heart of stocks, today. is this trio trying to replace the hmo and pharmaceutical distributor? matthew: yanis answer is we don't know yet. -- the honest answer is we don't know yet. we can hope that we will get more information from those backing the company. the depth of commitment remains to be seen, but there seems to be some signaling around the seriousness, given the quotations for jamie dimon, warned buffett -- warren buffett and jeff bezos. the language of the press release suggested to me that managed care could be part of what they ar

plus is amazon's next target target itself? gene munster says it will happen this year that doesn't make sense for either company? we've got u.s. markets closing in two hours time. we got a rally today. once again we are seeing the divergence that characterized late november or early december. outperformance dwarfed by that of the nasdaq as it is rising more than 1%. tech shares accounting for a decent amount of the game. the gains are relatively broad-based as people get back to work today. among the fang stocks helping account for the rise today we've got netflix on the rise. we also have some of the content and broadband providers on the rise as well. disney, dish, discovery communications and charter communications. mccrory looking at the media landscape for this year emphasizing the idea that content is king and that some of these content creators are going to do better. fox buying more content. various eitherer of the pipes, providers of the access to over-the-top networks or to the providers of content like discovery the

coming up. >>> amazon is revolutionizing the way we shop with their new amazon go store.n this morning in the latest store and it is the definition of grab and go. it allows you to grab groceries off the shelf and walk out of the store. there are no lines or pay, everything is tied into your amazon account. joining us on skype to explain how this works is todd bishop, todd, we understand there were a lot of people waiting to get in didn't live up to your expectations?>>> -- >> reporter: it was flawless, that was one of the questions about amazon go, whether the technology could track what people were taking off of the shelves when there were so many people in the store. they quickly reached fire marshal capacity which was about 90 people in 1800 ft.2 store who were taking items off the shelves after they would scan themselves into the store with the app. they walked out and shortly after the technology was registering it on the receipt in the app. it worked as expected. >> give us those details, they scan themselves in, what you mean by that?>> reporter: first off, you ge

amazon can be leveraging amazon go, amazon fresh pickup stores and honestly creating and reimaginingntire experience for groceries. so amazon has a myriad of ways they can actually achieve the goal. it is theoretically possible but the challenge is going to be amazon first has to complete the transition of whole foods, the technology to amazon platform and then also work internally with amazon, work internally with whole foods to really get the right assortment. it's not going to be easy. i made it clear when i wrote the article that it's a theoretical possibility, not a guarantied possibility but make no mistake, amazon is going to be a major player in groceries. dagen: here is mitch roschelle. mitch, it was astonishing to read the wall street journal about how much grocery sales had gone up for amazon. >> britain, if they integrate brick and mortar retail, they start competing with themselves a little bit because the customer experience is much different walking into a store versus clicking away, have they figured out how to strike the balance? >> well, the it's not that they figur

today, amazon whittled down the omoices from 238 to 20. mark strassmann is in atlanta, one of the finalists. >> there's never, ever been a more exciting time in philadelphia than right now. >> reporter: finding a home for amazon's second headquarters-- the company calls it hq2-- tocame corporate catnip to a frenzy of suitors coast to coast. >> amazon's second headquarters is, obviously, d.c. >> reporter: american communities courted with gifts of land and tax incentives worth billions. stonecrest, georgia, proposed 345 free acres and even changing its name. >> welcome to amazon, georgia. >> reporter: deliberations were secret, but amazon had a type in mind. a metropolitan area of more than one million people, that's a hub for top tech talent. a lanta touted its airport, highways, and business climate. mae city made amazon's final cut, a birthday present for new mayor keisha lance bottoms. >> number of jobs and just how it really can positively change the landscape of the city. a b a big deal. t reporter: these 20 names on amazon's new danc

well according to amazon h q two will be a complete headquarters for amazon not just a satellite office the company plans to invest over five billion dollars and grow the second headquarters to accommodate as many as fifty thousand high paying jobs they do know that well according to amazon their investments just get in the past five years you know few years in seattle and in the west coast. they have basically. grown the economy by thirty eight billion dollars there because of these high paying jobs look the tradeoff has always been workers vs the market wall street versus main street wall street's been winning now for ten twelve thirteen years it's about time for main street to start winning again make america great again that does mean however that inflation and wage inflation will creep back into the economy which means that the bond market the sovereign bond market is probably going to crash sometime in the next six to twelve months and that will be having a profound impact on the economy and markets so look for that but that's the trade off i mean it's time for main street to part

, amazon could buy a bank, it could buy advance auto parts, amazon could buy a pharmacy benefits managementis a number of different directions that amazon could go in. so the target acquisition is the latest analyst prediction. >> there has been so many guesses out there. lululemon could be one, abercrombie & fitch, bed bath & beyond, which one makes sense for amazon t? >> you to think of what the gap is for amazon and help quickly they could fill that gap on their own. the best lesley has is there hope would purchase, that was the biggest acquisition in the company's history. for whole13 billion put, they got about 400 some odd stores around the country and a small amount of grocery market share. amazon had been working on groceries for about 10 years and had little to show for it. he realized that he needed physical stores and people could go in, look at the merchandise, feel the produce, smell the produce before buying it. amazon realized that was a weakness so they had to buy this be serious about groceries. we have to think about other gaps. if they are pushing into apparel, a potentia

amazon churns through people. typically people have three years or so at amazon.f you're talking about 50,000 employees, you have to take into -- you have to account for turn and attrition. selina: what will it take to attract people to the city they choose and where are they going to come from? will they be silicon valley transplants, organically grown? >> this is why education and the university system are so important. when they look at cost of living and their hometown, they love to -- they would love to stay if there were enough jobs. people gravitate to the bay area and other areas because they perceive that their own hometown does not have the economic opportunities. and onezon to base hq2 of the smaller cities, it would be a bet, to say they will be able to keep the talent there versus watching the talent leave and go to other places. one other factor is amazon's focus on a diverse workforce. if you think about where there might be greater pools of diverse candidates, that might be a factor. selina: amazon has received huge tax breaks to build its delivery

amazon comes in at number two. who is at number one. but we will tell you more coming up. i deal and the senate the house voted to keep the government open. and reauthorize the children's authorized program. thank you so much for joining the present is of course admitted to not getting a shutdown. i think at the democrats are just on the wrong side of history. and the space of a month they voted against the tax cuts. people they know are getting bonuses and raises and having a job security in capital investments by the major employers. they are say no to military funding. note to federal workers being able to rely on the next paycheck all on the author of daca. he told the whole world a week ago and that hour-long meeting that he is willing to negotiate. it is very concerning that they are shutting down the government.ç chuck schumer has said and the past that a shutdown would be terrible. and the president has also been vocal about avoiding a shutdown. it will put a deeper on damper on the military. what are the implications. should t

at amazon headquarters and 11:00 a.m.d "squawk alley" is live ♪ and here we are >>> good tuesday morning stocks tumbling for the second straight day although the major averages are off the lows of the session. joining us at post nine to

charles: i am not sure about amazon.t to sell healthcare insurance but improving employee's health is a noble one and it is not altruistic. if they get some things out of is that can be exported or sold somewhere else or given away for free they are still accumulating data. it won't all be out of the business of their hearts which is fine. stuart: looking for reasons we are down 293 now, 200 yesterday. i could blame a lot of it on higher interest rate, the 10 year treasury, 271. there is something to be said about nervousness. nervousness ahead of the big five technology earnings, the slightest disappointment and down we go. charles: they have all experienced 10% pullbacks along the way and guess what, they rebounded quickly and went back to all-time highs. real quick on the yield, 1980, when we hit a peak, the 10 year yield was 12%, 1987 before the crash the yield close to 9%, 2000 before the crash, the yield was over 6% so 3% yields historically do not necessarily a harbinger of the market crash. stuart: he does his ho

. >>> and the amazon race. why the competition for amazon's second headquarters is taking a new secretive turn. those stories and more tonight on "nightly business report," for thursday, january 25th. good evening, everyone, and welcome. i'm tyler mathisen. sue herera has the evening off. the dow closed at a record for the tenth time this year. for the s&p 500, it was its 13th record finish in just 17 trading days so far. earnings helped drive the blue chip index as some of the world's biggest global companies easily beat profit expectations. they also said things are looking fourp the rhett of the year. at one point today more than 30% of all of the 30 dow components from at all-time highs. here are the closing numbers. the dow jones industrial average advanced 140 points to 26,392. nasdaq fell nearly four, though. but the s&p 500 rose by about two. once again, the dollar came into play, adding some volatility to the trading day. now yesterday we told but the dollar's impact on the stock market after the u.s.

>> by amazon >> by amazon it really kinds of puts together this duopoly of walmart versus amazon >>hat was gene munster exactly a week ago on this show, making that bold prediction that amazon could buy target this year amazon's acquisition of whole foods in june of last year was proof that the e-commerce giant is interested in expanding their business to brick and mortar could amazon be targeting target next after having its best year ever for prime with over 5 billion items shipped in 2017, does amazon even need to buy target you predicted this, made this call before. what do you think? >> i think they want this type of a footprint, for whatever they want it for they want to sell their goods, cross-sell their goods they also have a lot of overlap with target. i think somebody they don't have overlap with would be a better choice, i'm talking jcpenney they don't have the same clients as target. there's an access to a totally different demographic if they buy this brick and mortar that doesn't exist with their existing clientele but having said all that, that might be a pipe dream o

amazon isn't just reshaping the seattle skyline.so reinventing the idea of office space. >> it's a place where all employees in the company can come and hang out and get in touch with nature. >> reporter: an amazon rainforest in cold, rainy, downtown seattle. the company asked horticulturist ron gagliardo to make it happen. when amazon said, "we want to you have free reign and pick whatever you want." >> oh, hell, yeah. ( laughter ) one of the things i kind of learned here has been you can't be afraid to think big. >> reporter: this 62-foot wall is the centerpiece of amazon's spheres. it's made up of 25,000 plants, 200 species from 30 countries. that includes a 55-foot fig tree named rubi, that could only be brought in by crane and a temporary hole in the roof. there are streams, fish, chocolate plants, vanilla orchids; all designed for employees with high-stress jobs to disconnect. do you want people to feel like they're in a tree house? >> yeah, yeah, we want people to walk on this-- >> reporter: so this is bouncy. >> ...and go, w

the amazon go app to scan them through the door. cameras and sensors inside the store track what customers pick off the shelves, then charge their amazon accounts after they leave. >> it's definitely fun to walk out without talking to anybody. >> it's really nice. it skips a lot of time and everything. >> reporter: i also tried this out for myself. five minutes later you get the receipt right on your app with the total purchase price. walking around the store while doing facebook live i got to answer many other viewers' questions including if this business would till jobs by eliminating workers. amazon tells me there will always be employees in the store cooking meals and interacting with customers if people need help. >> the real test will be whether people are comfortable with the kind of tracking it's doing. >> reporter: this tracking technology had been tested in the store over a year when it was opened just for amazon workers. today those shopping here for the first time tell us they will likely come back. >> it's progress. it'

>> steve has been all over amazon, i'll let him talk about amazon boeing has been a monster. we've been talking about it for the last few years what do they have going for them commercial aviation, they're crushing it. a backlog of 6,000 planes, people are ordering planes from boeing what else? the defense component of their stock as well. you lump them in with lockheed martin the problem is in my opinion, now you're starting to get a little bit ahead of yourself boeing is trading close to 30 times forward earnings, which is expensive in history terms, in terms of what they've been over the last decade or so. they've grown at 15, 16%, which is great i think boeing continues to rally into earnings, january 31st unless they pull out a miracle number, which they're capable of, i think they disappoint. you take profits ahead of earnings >> or unless they guide higher right? >> here's the deal on boeing if you think about the five-year kind of average on the company, they traded around 17 times. so they're very expensive in the five-year average, not expensive in the 12-month. two

apple, amazon, gains of nearly 2 2%. >>> time for a cnbc news update. let's get over to sue herera. >> hello, kelly, hello, everyone here's what's happening at this hour senator orrin hatch is retiring at the end of this year. he began serving in the senate in 1977. hatch is 83 years old. the announcement earlier this afternoon already creating a lot of buzz about potential candidates with mitt romney's name coming up frequently. >>> kids in erie, pennsylvania, getting another day of winter vacation the city needing one more day to clear the roads of snow. they got hit with 7 feet since christmas. >>> and the cold spell even affecting florida. disney universal and seaworld all say that they will close their water parks in orlando universal and seaworld saying until at least thursday. disney officials are still evaluating universal orlando is owned by comcast, which is also the part company of this network. >>> and are you feeling lucky? well, huge money is on the line this week, if you are feeling lucky. the megamillions jackpot is now estimated at $361

i'm sure amazon is taking a look at new york city and philadelphia why would they come to amazon when it's on the verge of passing a 15-dollar minimum wage? >> that's a trend that's going on in a lot of states that the minimum wage is going up. it's an economic reality. amazon is one of the companies who may be able to accommodate that. smaller businesses will struggle. >> democrats and the legislator are pushing back. the battle line is over farmers and teenagers. some have said it's inherently racist to not apply to farmers. >> the impact of a 15-dollar minimum wage on farmers would be disastrous. it would be disastrous for small business in any business owner struggling to make ends meet. to increase the wage by 80% makes no sense. you hurt the same workers you're trying to help. >> when i heard $5 billion in tax incentives i thought how high are the taxes in new jersey that you can offer that. >> you want to keep people here. you want to promote economic growth. it's a balance. what an expensive place to do business. when you have to cough up $5 million to be competitive. >> and t

amazon go is open for business.e open the doors for an inside look at the brick-and-mortar convenience store. first, to our lead. a shakeup for the leadership team at twitter. the ceo has resigned from the company to take the ceo position at a fintech startup. he has his work cut out for him. he will fill a leadership void that has existed since the cofounder resigned as ceo last year, amid accusations of sexual harassment. we got all the details from selina wang. >> that delivers a blow to twitter, especially just at the very early beginnings of their turnaround strategy. several analysts upgraded their company. they are finally showing revenue and user growth. noto did put in place much of the structure they needed to continue this turnaround. some sources have said that this could provide a good opportunity for jackson. he and noto haven't always agreed on product division. this could be a way for him to pursue other paths that haven't been possible. emily: there was a tweet. one of my favorite commentaries is th

from a strategic point of view, for all of them amazon is their number one competitor, if they see amazon's exploring it and understand it and deliver something compelling for their customers. it is interesting how you talk about having a nar natural conversation. we start speaking in language that's not human. we start talking in stunted phrases, "alexia, do this."|j human. we start talking in stunted phrases, "alexia, do this." i would say natural language. i think, i don't think we need conversation from any of these applications just yet! if you canjust from any of these applications just yet! if you can just say what you're looking for and you don't want to have this back and forth and have a chat with it, but using natural language where we can be more descriptive. it is so interesting. come back and see us and let us know how it's going. dr peter cahill there. he is the founder of voysis. self—driving or autonomous cars have been a big focus for every major auto maker around the world. yogita limaye is at the detroit auto show and has been checking out what is on offer. this is a sel

amazon picks 20 finalists for its second headquarters.ut as cities court the e-commerce giant, what's really in it for them. >>> economics of the e virus is the country. and e costs are rising. those stories and more tonight on "nightly business for thursday, january 18th. good evening, everyone, i'm sue herera. tyler mathis is off tonight. wall street' focus is once again on washington. the deadline to fund the government is tomorrow at midnight. and lawmakers appear to be far from a deal. if an agreement isn't reached and a spending bill isn't passed, the government should shut down. the president today said that is a real possibility. f the country shuts down, which could very we be, the budget should be handled a lot differently than it has been handled over the last long period of time, many years. >> that kept a lid on stock prices. the dow jones industrial average dropped 97 points to 26,017. the nasdaq was to have two and the s&p 500 fell 4.5. what could happen to the market if a hutdown is not averted? >> reporte stocks have been

now, amazon's hq2 is expected to employ upward of 50,000 people. that also includes a $5 billion investment in which ever region it chooses. the the news conference sill going on behind me, commerce director fielding questions we will have the latest on this very big news story for philadelphia and the region starting on "eyewitness news" at 5:00 the i'll see you then, reporting live in center city, joe holden, cbs-3, "eyewitness news". >>> thanks joe. and the countdown is on. >> it is. >> three days away from the nf c championship game between the eagles and minnesota vikings. >> eagles head coach doug pederson talks about the positive changes that he has cents seen in quarterback nick foles. >> nick is nick. i mean, he comes to work every single day does the same thing every single day. and prepares the same, and there is no a lot that really gets under the skin. >> i've seen more confidence in him, you know, he's great practice yesterday and look forward to another one today. >> well this afternoon some of the players will be talking and we'll h

just today, amazon, berkshire, j.p.gan chase teaming up to tackle health care costs, shaving $75 billion off the market cap in this sector overall and one of the more recent examples prior to today's fireworks was last summer's news of amazon's foray into brick and mortar groceries yes the whole whole foods situation. and if you can't remember when those rumors and headlines made their way into the markets, just look at a chart of, say, kroger or costco or walmart or sprouts farmer's market over the last year hint, look in june each one of these stocks took a decent sized dip around the middle of the month and to be fair some did go lower in the weeks that followed. but take a look at each of those stocks and their charts from then until now kroger stock is back to where it was before the amazon whole foods news hit costco stock is actually sitting near a 52-week high the last two days not w standing. it was a small bump along the road for walmart stock which has been on a steady climb ever since to record high levels a

amazon buys another retailer. when amazon bought whole foods, the price of its stock went up enough in the first day to cover the cost of the deal. and while the full extent of the takeover hasn't been seen yet, now that the online behemoth sees the value in physical retail, it could buy another well-known name, possibly one that targets consumers. kiley cosmetics gets bought. the youngest manner of the kardashian/jen family has sales and a following that cosmetics companies can only dream for "nightly business r" m courtney reagan. >>> and from retail to health care. this is a sector that touches all of our lives from the doctors we see to the medicines we take. and the tremendous change in that industry shows no sign of letting up. meg terrell on the new innovations being made by pharma and biotech companies. but first, bertha coombs. >> reporter: i'm bertha coombs. 2018 will be another year of change and uncertainty in health care. here's what to watch. one, m&a, as in mergers and antitrust scrutiny, will be fr

the profits from amazon's cloud business is all of the profits from amazon. when they send us all that stuff to our doorstep. the way they are able to continue to do that is their profits on amazon web services. what is interesting to me is how long is jeff bezos willing to do this? why doesn't he want amazon web services to be as wonderful and low-margin as amazon's other services to undercut all of the competitors and grow their model? right now the growth has been some fantastic, 30% operating margin from the web services has not affected growth, i think. one wonders if they would not adhere to the actual philosophy of amazon, which is to lower prices. vonnie: isn't part of it that they were first to market? they don't have to acquire them from whole foods or something else. you could say the same thing with amazon selling books initially. why lower prices? vonnie: my point is they had to lower prices for books but not web services because they were the first one out there. cory: they have big competition from microsoft, potentially from google. they have

it's amazon we're talking about. google and facebook to me are the easiest buys based upon valuation. in google's case and facebook's case, tremendous ad growth, 65% to 70% of the ad market. facebook's ad growth is growing at about 41% this is roughly a 25 times 2019 multiple at $9 a share so at this phase of a market where people are concerned, expectations are very low on facebook i actually think that's a very interesting call, and google to me is executing on all cylinders, but they have been rallying hard. >> steve, what's your play here? >> so just to push back a little bit on facebook, i think whenever you tweak with that news feed, there's a lot left to the unknown. it accounts for 85% of the revenue for facebook, any tweak

defend amazon, i am not here to defend amazon, is above the national average.bs and the foundation work that bezos does is he is notjust hoarding it. he is going into space. there is not much he can do if the share price goes up. it is the employees and the quality ofjobs. there has been some negative press about the quality ofjobs but as long as he creates jobs in about the quality ofjobs but as long as he createsjobs in britain and keep investing, at least, whether you call it trickle on or something else, at least there is expansion in the uk and i hope they really accelerate that and i hope they accelerate it around the uk. how worried are you about fake news? in singapore they will examine the threat of fake news but some have said that this is just censorship. threat of fake news but some have said that this is just censorshiplj am worried when politicians call it fa ke am worried when politicians call it fake news, if it is the president of the us or otherwise. i was looking at the press freedom index. singapore has a score of 67 between zero and 100 and

you, amazon and facebook with earnings reports. abigail: apple, there are reasons to think the stock could have a bearish break on that march outlook. i wanted to point out twitter had its best day of the year, up more than 9%. on another round of takeover speculation, lots talking about about salesforce.com buying twitter. i wanted to point out bloomberg news is saying twitter, the volume, is that a three-month high. that may suggest m&a monday, there could be deal activity. whether or not that happens is speculative. but we are pointing out twitter up more than 9% on the day, its best day of the year. its first update in nine days, too. bullish action on twitter. emily: is that just chatter or something more? we will talk about that later in the show. thank you both. a story we are watching, a company preparing for its u.s. debut. seeking a bankroll, logistics buildup, and may set up a facility in a late -- in l.a. they will send -- they will sell 10% of its logistics arm. coming up, infiltrating and earnings that beat estimates

you see the up and comer as amazon.st: amazon has been quietly been building a multibillion dollar at business. it started a couple of years ago, primarily targeted at pcg's. it is very hard to distinguish product types on amazon. the ceo of the big four ad agency mentioned that the conversation is around, how do i avoid commoditization on amazon? the answer to that is spending at dollars to differentiate that product. if you think about where amazon sits, they are at the bottom of the final. they know exactly -- the funnel. they know exactly when and where you convert. facebook and google are at the top of the funnel. they can track you across the web, but they may not know whether you actually convert on that product. that is kind of the holy grail to advertisers, and why they are more attracted to and thinking about advertising on amazon relative to google or facebook. emily: using amazon could surpass google or facebook? guest: it will be tough. google is about an $80 billion or $90 billion at business. we do think