whether foreign ir, the u.s., i don't know >> nobody else is going to buy this company other than amson. okay >> that doesn't mean -- >> someone else -- >> i will go to "options action". mike ko lives in austin. he probably knows, probably neighbors. >> he's in woods hall. >> on deck, apple making a major push in your living room gene munster says netflix could be in trouble. we'll explain why. nike getting a down grade from j.p. morgan chase. later on, has tesla run too far too fast carter worth, he called the breakout he says you may want to get out. 's here, whole tell you why. d ty just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. >> apple is

. >> amson briefly taking an 8% dive, losing billions in market cap in a matter of seconds t. action could start off a broader warning. we september guy over to the plaza to break it down. >> thanks, mem. i do think nobody was ever able explain to me at least what happened in may six or seven years ago when the market had a flash crash of some 1,000 points. it was never explained. she probably knows a little more than i do. the fact is, if a move like there can happen in a name like amson, where the stock basically went from 980 to 927 in a straight line, what's the stop that happened in etfs or the broader market in general. i'm not trying say there is some cataclysmic event that happened. clearly something went on today. can you say it was a fact finger, you think about the black home the stock traded it. who's to say the next time we won't continue to mover. so my point is, in an era where we love machines and machines have been taking the market higher. you see how quickly in amazon today things can go pare shaped and to shuth it couldn't happen in indices or the broader m

we see the death of so many things amson got into retail, walmart still exists, right? now they get into grocery. you're going to be -- you're going to have high end, low end, middle is going to be squeezed, and, as you said, this is amazon getting into a business they were already in, and they realized we need the bricks and mortars. >> kelly, i argue with my old professor and say actually you don't necessarily gain the shoppers because i really believe based on data i have seen that you already have a big overlap, meaning if you're a whole foods shopper, high probability you're an amazon and more than likely than that an amazon prime shopper >> that was true, mike, with the people we spoke to in the store. i asked them, are you a prime member it was at least three quarters were >> sure. if nothing else, they have more data about them, which whole foods didn't john, bigger picture with the dominant tech companies. it seems as if maybe the look at grocery as a tremendous end market that amazon feels it has to attack or other companies looking at transportation, mobility

as i was when you outlined the caller in amson. the math is working very nicely here.s we discussed before, usually when you do these protective strategies, there the a cost for ensuring its. very often you don't get equivalent upside to down side when you put these trades on so this actually looked really nice here the fact that you can take 15, you can flip a coin if you own the stock to gather another 15 bucks worth of profits on it. think it makes a tremendous amount of sense. >> the point of view from the charges as set up. this is a stock that drew down 45% in 13, it drew down 35% on the lows, now up 100 almost on an 18th-month basis. you trend. you take profits, you do a dance on that. nothing goes to the sky. >> this is one of those signifiess also, take a look at how the stock behaved over the last two years, generally speaking, when bad news comes out, what happens? they don't take the stairs back out. you take the elevator down. when the math happens to work as it does here. >> even if the next nickals to you, carter, even if the technic also are favorable,

. >> amson can pay 10% more for the company. it's accretive that's how much they gained on this news. >> who is happy about this this the a $65 stock back if '13 '14, still at this price down. who wasn't want to be bailed out? is it going back to 65 >> let's be clear, carter, at 42.68 where whole foods is on a $42 bid. barclays and oppenheimer had a note saying they thought another deal could come in if you go out there and buy whole foods, are you guessing. that's what you are doing. >> well, you are playing odds. >> you are playing with another bitter. >> you are kind of stopped. >> you don't have a whole heck of a lot of down side t. other thing you will see in deal situations leak this you can have another bidder come in, just to make amazon pay more. >> if the other deal doesn't go through. >> i don't think amazon will walk away from it. i think they're fairly committed to it. i think they've laid out their strategy here. they will buy this company so if someone comes in to make them pay 46 or 47, they will pay higher than

tech with a rough day, big names across the board with quite the week, facebook, apple, alphabet, amsonr more with apple having the worst loss, down some 7% for this week alphabet, amazon down 5% th beginning of a selloff or breather let's ask jay from griffin securities and gene munster from luke ventures. jay, starting with you i mean, in terms of if there is a buying opportunity, which name do you buy, and do you think it is that buying opportunity >> we would. we've been recommending microsoft now as the preferred megacap name in software for five years for reasons that i think remain valid with addit n additional reasons that are increasingly compelling, not the least of which is the success in the cloud businesses services, but if you think defensively, one thing you should start focusing on is cash flow this is a company that's shown particularly strong results in that respect, and right now, particularly after the selloff, particularly good free cash flow yields, so we focus on that. >> is there a case to be said the windows business is coming back what percentage is their rolls

bezos asking amson echo to buy some milk from whole foods but the echo saying, "buying whole foods."ke there. another imagined conversation. this is what i get for $13 billion, jeff bezos says, staring at three bags of groceries on his desk. another person says i too spend $13.7 billion at whole foods. someone else going if i had a nickel for all the whole foods is expensive jokes i have seen today i could probably buy some peanut foods. we did the math, no, he still can't buy peanut butter. >> it's called whole paycheck for a reason. they do have a nice hot bar. jonathan: sweetie, go to the whole foods and get me something? come back with whole foods. thank you. talk about what is happening. this is a busy weekend weather wise. brian: it's every afternoon and everything. not all day. there is plenty of time to be outside and time to be good to dad. michelle: looking out for you. brian: we have a threat daily. outside right now the heaviest in the valley. i think slowly overnight it may approach us. we could see heavy rains tonight. head outside and first things first. show you the b

and back to amazon ceo, jeff, he became a lot richer, practically overnight, the surge in price of amson stock added $1.8 billion to his net worth according to loomburg. his at $85 billion, just 5 billion less than bill gate who is the richest man in world. he also has a good chance of the taking over the number one spot. he is focus on aggressively expanding amazon, gates now giving away a lot of his money, to charity organization. we will see what happens now that amazon take over whole foods further expanding into the grocery business. so, jeff is not sitting back on his fortune. he's working hard,. >> he continues to try new thing. >> we will have to see what happens with whole foods. >> thank you. >> time is 7:28. bill cosby still free on bail for now after no verdict was reached in sexual assault trial but a very unusual decision a judge may make today about the jury that couldn't make a decision. decision. . >>> good morning. we have slow traffic on the east shore freeway this morning, we had a stalled car adding to everything, looks like a tow truck is there but it has been a slo

i feel i read it completely differently, which is that amson knows it can afford to did after the customersperhaps 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 people, how do they answer for it? >> answering for it by leading in price. walmart never gave up leading in price and will continue to try to do it. it's going to be a war, but there's a lot to get that share. >> michael, less than a minute to a videotape we'll show of the president meeting with congressional leaders of the white house and made an interesting comment about james come