top berkshire hathaway. is the number two shareholder.ke this company there already involved in. usg?e: what does it see in what they like is that it signals there is strength in the u.s. housing market. this company is in the middle of a turnaround. we have a great chart that -- out of the housing bubble piece, this drop in new homes now back above $1 million. it signals they think this is going to continue. they cleaned up their financials and many analysts are saying they think this is not the last we would hear of it. will be following this potential deal very closely . that was our stock of the hour. , 5:00 p.m.g up london, more coverage of the global actions against russia. this is bloomberg. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leavi

these three faces, berkshire hathaway ceo, warren buffett, jpmorgan chase ceo jamie dimon and amazon head jeff bezos put out the feelers, now the hunt for the job position of ceo to bring down costs is on. one man who many say would certainly have the resume qualifications and can straddle this fine line between fixing out-of-control cost situation while providing hundreds of americans with quality good health care is dr. toby cosgrove who helped build one of the most prominent hospital chains, the cleveland clinic. he joins us in a fox business exclusive. have they called you? >> i am not putting in resume, i will not be the ceo, they have identified the person they are looking for and just about to sign him. >> and that is? >> i don't know. liz: you hear there is a person that they want. >> i've chatted with him, yes. liz: ooh! very interesting. did they ask for your advice because you are the man who figured out how doctors should be paid on outcomes versus on how many tests, for example, were ordered? >> they haven't asked for my advice, i told them i have tremendous respect for

amazon announced in january that it was teaming up with berkshire hathaway and jpmorgan chase to try to simplify coverage and cvs and aetna have recently teamed up. >>> san francisco is moving forward with a project meant to help hundreds of families. this is the future site of the family connections ntilikina at mission street and seneca avenue. when completed the center will offer a wide range of family services, including child care, lit racy programs and granted parent support groups. it's set to open by early october and will focus on helping low income immigrant families. >>> a call to action from interim mayor masrk farrell. this morning he wants self-driving cars to prove their technology is safe in san francisco. the examiner sent a letter to 50 companies urging them to volunteer for safety testses with the san francisco police department. that way the city will know how to respond if an accident were to happen. right now san francisco has no regulatory kror ltory control o self-driving vehicles. that falls under the dmv. >>> new food options are coming to the san jose airpo

can you buy facebook or berkshire hathaway >> you can buy berkshire hathaway for, i don't know -- don't ask me this. i don't know. >> will you find out for me? >> yes >> which would you rather have >> berkshire hathaway. >> is it less than facebook? >> 504 >> tied with facebook. >> yeah. >> warren buffett, facebook. thank you, mike. i just looked at that. it's not how i feel about millennials or any of that stuff. >> i agree with you. >> how did it get to 5$500 billion. >> as an advertiser, there's a reason for it. >> when we come back, law americas on both sides of the atlantic are demanding some answers from facebook about the data firm that harvested information from more than 50 million users, the fallout for the social media giant is next let's begin. yes or no? do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives

berkshire hathaway, howard line,, that is the blue and amazon, facebook, and alphabet.commends 50%. half of the money should go in berkshire hathaway because the stock is trading 10% its value and he expects warren buffett to man the ship for five more years. off the bat, he was skeptical in the past. that was his -- alfa bank, he was skeptical in the past. he said that was an error. amazon, 25 percent across all three. howard hughes is 25% as well. i don't know, don't try it at home. market close is next. we are less than four minutes before the close looking at a selloff. the dow coming back off its lows. this is bloomberg. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. julia: the dow

>> you know, you mentioned jp morgan and amazon and berkshire hathaway and also aetna and cvs late lastr moves in the industry that are signalling change which is exciting so i think there's definitely a lot of people and a lot of board rooms trying to figure out how to evolve because the current system is definitely not sustainable. >> he also said that there is enormous pressure. but i'm not sure if he was talking about from employees or for end consumers for the status quo not to hold. for there to be change we talk about technology and the impact on how customers, patients can take control of their care and that's a big part of what you do how are you seeing these forces come to bear and on doctor on demonld demand that patients want you to take care of. >> we're a employer sponsored health care system by and large. they're the ones paying the bills. we work with hundreds of large employers across you can't trithat employ doctor on demand to provide greater access to care for their populations but also lower their costs and so when you look at a lot of the moves that are happening,

don't forget warren buffett's berkshire hathaway upping the stake in apple. here we are for the week. dow and s&p up more than 3%. tech-heavy nasdaq up more than 4%. this is the anniversary of the beginning of the nine-year bull run after the financial crisis. people are feeling pretty great. technology, consumers stocks and also financials doing very well since that time. dow up, you can see 286%. last but not least, down arrows. mattel, hasbro under pressure. they dropped 7% for mattel, there is news that toys "r" us plans to liquidate. that will hurt the recovery effort. highs of the day. back to you. melissa: nicole, thank you. david: stocks surging on a blowout jobs report, the u.s. economy hit 313,000 jobs, smashing expectations of 200,000. we have steve forbes, forbes media chairman. carol roth, to former investment banker and file legacy planning system and steve hough. steve, we had jobs report and astonishing news about north korea last night t all started yesterday right as the closing bell was ringing on wall street with the news that president tr

rounding out the topthree, berkshire hathaway's warren buffett. there are 20 billionaires around the world. they hold a combined net wortht of mor $9 trillion. >>> before we go, here is another look at how t major averages finished the day. the dow finished just nine points higher to 24,884. the nasdaq was up . and the s&p 500 added seven. keep an eye on how thearket reacts to the late evening report that the president's economic adviser gary cohn is resigning. >>> that will do it for "nightly business report" night. i'm sue herera. thanks for joining us. we want to remind you, this is the time of year your public television staon seeks your support. we thank you for it. have a great evening. seyou tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for amera's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends

>> rr: when it comes to large employer plans, amazon's new health venture with jpmorgan and berkshire hathaway is one of the driving forces for firms to prove that they can bring down costs. cigna's ceo says he's been in touch with members of that group and thinks the cigna/express scripts deal with help deliver consumers what they want. bertha coombs, "nightly business report," new york. >>> kroger says profits for the full year will com in below wall street estimates. the company has poured a money into its online operations to compete with walmart and amazon but that investment is cutting into profits. today ieestors w not in a shopping mood. trouble in aisle 6. kroger shares fellag >>> american outfitters offered customers discounts for a prolonged period of time. it hurt gross margins. the concern among analysts is that the retailer may need to rely on those discounts to keep shoppers coming back, they're oked on them. that offsetmerican eagles' sales. shares fell to $18.63. >>> burliopton storesd quarterly profits and issued an upbeat outlook. the ceo says its online operations continue

he moves ahead of microsoft co-founder bill gates and berkshire hathaway c-e-o warren buffett. ( davelots of sunshine today and mild...but an unsettled week ahead. your forecast is next ! (ácommercialá) (áábreakáá)(ácommercialá) for you, it's always leap over look. now over later. and pause. not even in your vocabulary. so when a cold sore tingle strikes you act on it. only abreva can heal a cold sore in as little as two and a half days when used at the first sign. it starts to work immediately to block the virus and protect healthy cells. nothing heals a cold sore faster. and because abreva acts on it... you can too. act on it, with abreva. pstop messing with your sister! hey! hey! don't make me come back there! so? feels really good.... yeah, i'm gonna buy it. (vo) customer service that goes the extra mile. enterprise makes it easy. doespeninsula trail?he you won't find that on a map. i'll take you there. take this left. if you listen real hard you can hear the whales. oop. you hear that? (vo) our subaru outback lets us see the world. sometimes in ways we never imagined. (avo) get 0

. >>> employees at warren buffett's company berkshire hathaway are in for a big payout if they choose teams to are their march madness brackets. so, buffett is offering workers $1 million a year for life if their bracket is perfect through the sweet 16. not bad. he will raise the payout to 2 million a year if creighton university in his hometown of omaha wins it all. >>> and speaking of winning it all, a big deal in the nfl. a trip to the championship game has apparently earned minnesota vikings quarterback case keenum a starting job in denver. reports say he will sign with the broncos tomorrow. >>> and coming up next right here, reaction to o.j. simpson's bombshell tv interview. what his lawyer is saying now. >>> also ahead, how a simple act of kindness from a waitress at a waffle house ended up changing her life. >>> and tom brady gets into a beer chugging competition on late night tv. so you have type 2 diabetes, right? yeah. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabete

prices but there is something wrong when you have a single entity a private equity firm like berkshire hathaway working with the government to guarantee that he's investing in a sure things a monopoly positions that are aided and abetted by a corrupt government that's not free market capitalism that's something else that's feudalism again they look at some of the data about how this ethos you know when he was the first to invest in monopoly pricing power and everybody has followed him since then two thirds of all u.s. industries were more concentrated in two thousand and twelve than they were in one thousand nine hundred seven the economist found since the reagan era the federal government has abandoned antitrust and foresman with markets for products like eyeglasses toothpaste beef and beer whittled down to a few suppliers the consolidation is vastly inflated corporate profits damaged workers and consumers stunted economic growth and supercharged economic inequality supercharge economic inequality the democrats favorite billionaire basically helped facilitate this by leading by example and we

prices but there is something wrong when you have a single entity a private equity firm like berkshire hathaway working with the government to guarantee that he's investing in sure things and monopoly positions that are aided and abetted by a corrupt government that's not free market capitalism that's something else that's feudalism again they look at some of the data about how this ethos you know when he was the first to invest in monopoly pricing power and everybody has followed him since then two thirds of all u.s. industries were more concentrated in two thousand and twelve than they were in one thousand nine hundred seven the. found since the reagan era the federal government has abandoned antitrust and foresman with markets for products like eyeglasses toothpaste beef and beer whittled down to a few suppliers the consolidation has vastly inflated corporate profits damaged workers and consumers stunted economic growth and supercharged economic inequality supercharge economic inequality the democrats favorite billionaire basically helped facilitate this by leading by example and we have don

prices but there is something wrong when you have a single entity a private equity firm like berkshire hathaway working with the government to guarantee that he's investing in.

berkshire hathaway working with the government to guarantee that he's investing in the sure things the monopoly positions that are aided and abetted by a corrupt government that's not free market capitalism that's something else as feudalism again they look at some of the data about how this ethos you know when he was the first to invest in monopoly pricing power and everybody has followed him since then two thirds of all u.s. industries were more concentrated in two thousand and twelve than they were in one thousand nine hundred seven the economist found since the reagan era the federal government has abandoned antitrust and foresman with markets for products like eyeglasses toothpaste beef and beer whittled down to a few suppliers the consolidation is vastly inflated corporate profits damaged workers and consumers stunted economic growth and supercharged economic inequality supercharge economic inequality the democrats favorite billionaire basically helped facilitate this by leading by example and we have donald trump we have incompetent buffoons that run for president nonstop becaus

the berkshire hathaway ceo commenting on the all-time high of businesses, adding that berkshire currentlyds $116 billion in cash in treasury and his extraordinary liquidity earns only a pittance. what is he going to do with the cash, and when will he make a move? >> everything is expensive right now, and that is why he has been holding off. there are not a lot of growth opportunities. of food companies, consumer products, manufacturing spaces where he would be the of foodpreferable buyer, they p aying higher prices. for buffett, if prices are going hasome down this year, he strike. he wants to do one last deal and solidify his legacy. >> jp morgan held it annual investor day yesterday. some highlights strike. he wants to do one last deal discussed berkshire and amazon, and the blockchain impact on its business in the battle on mobile. >> if they had any message, it hear usare jp morgan, roar. jamie dimon as ceo said, we will defend our turf. if there is an upstart or competitor that wants to compete, we will spend $5 billion, we will spend whatever it takes. i think the reason is because

and berkshire hathaway says there has been a nonbinding offer for a building materials manufacture thatted for over a decade. higher thanwith 10% the closing price on march 23 and values the building material company at four to family and dollars according to a filing today. that is your bloomberg business flash. julia: and the s&p 500 posting its worst week in two years last week my volatility spiked once again and the flareup underscores the return of volatility to the markets and investors are having to adjust. still with us, yana barton. investors underestimated the return of volatility, but since this year we have seen an increase. to what extent have investors adjusted in the way they put together portfolios for the pic above volatility and how much still has to be done? yana: i think when we are looking at what is selling in the market, last week was certainly a reminder that equity asset classes and de-risk on assets, you have to understand what you are investing in. when you see correlations -- we saw that last week, you had three-month correlations spike, what is telling you i

there is an interesting play going on here with berkshire hathaway.y say they will not support any deal, but they have this option traded, where they're holding out could be bought for two dollars a share. shery: -- vonnie: what is the most likely scenario going forward? d: it is difficult to see a rival come in and get this deal done. they may tweak the terms or try to negotiate something better with warren buffett. shery: one deal that could go pg is near toat t buying an indian hospital chain. d: this is a typical trade, of all the private equity firms -- iny have lots of expertise health care and do a lot of these kinds of deals. this looks like a fairly straightforward kill for them. -- deal for them. the lead part of the consortium asset has been embroiled in its own problems. some indian regulators are not happy with the way the company has been run. this is a slightly distressing play, but health care is a very core area for tpg. the opportunities here for private equities are limited at the moment because everything is so expensive. valuation

crimes over their wells fargo korea charlie monger what do you think well i think you know berkshire hathaway warren buffet's the biggest shareholder of wells fargo isn't he and you know look charlie munger is past its sell by date what does he ninety five now i mean that sounds a just i mean i hate to ask this president charlie munger just because you know they are one hundred years old was saying here is be uttering nonsense and it is don't diaper what they do is there he's talking his own position right so of course if you own the most shares of wells fargo you're going to leave fargo alone you're going to say they never did anything wrong because if the stock goes down your investors lose money so you and the the other problem is the media now it's all fake news i mean so of course they're going to put him on television to pitch his own book right so he rocks up and he says yeah wells fargo didn't do anything wrong sure she'd go higher buy him go buy them but here in castle wells fargo they patently did lots of stuff wrong they stole from people's accounts i think all money and we did it

of elbel to go down but if you're just doing mergers and acquisitions and you're just built berkshire hathaway is exploding in value and all the private equity funds keep enormously growing in value and there's just there's less stocks out there in the market to go down if there is a bear market that's been cut in half a number of stocks out there that's asset inflation right so you know you can buy less than you used to be able to buy as you know i mean you were in the stock market back in the day and you know that retails always the last day and so i mean i think we should take a little cautionary note to the folks watching this that retail has been the massive amount of buying that we've seen at this point in time so a comment that was made by a millennial is that he likes that he's buying stocks because trump offers a insulation was the word that he that was is that there is that insulation to the price move down. the trump is what does that mean if anything or is that like a red flag like oh it's like the cab driver that's telling you to buy stocks and he's got a stock tip for you when yo

owns the whole foods grocery store chain, it announced this health care joint venture with berkshire hathawayrgan. its fingers are in many pots. jason: what makes it so? jeff bezos is arguably one of the most fascinating figures in business, in media, potentially in politics in an indirect way. is this bezos materialized? what is the connection? shira: part of it is that amazon for the last 15 years has broken all of the rules of modern corporate america and gotten away with it, and part of it may be that bezos has this long-term vision of the company. he articulated that literally from the first moment the company went public in 1995, and it was always about -- look, don't think isn't it kind of weird that amazon is buying a grocery store chain? trust us, we have a long-term vision for the company and investors for the most part have trusted jeff bezos. jason: more amazon. we look up the ketchup flying off the shells at whole foods. carol: we talked about sir kensington's. >> it took the world by storm in 2010, but the real birth of it was in 2008 at brown university in a campus apartment. t

electricity grid change from a local nonprofit to part of a regional privatized grid run by berkshire-hathaway. this is the same one i mentioned last month. the reason i'm bringing it up now is we have heard from the grapevine and we have seen that the new language for the bill is out now and that it's going to move quickly, potentially, so if you as a body are going to recommend to the board of supervisors to oppose that ballot measure, you would need to take it up, i would think, by next meeting at the absolutely latest. this thing -- if they try to move this thing, they'll probably try to sneak it through very quickly, so we'll need you to agendaize that next month, if you can, and reach out to -- the best person to reach out to to learn more about it is former cpuc commissioner low commissioner loretta lynch who knows all about this problem and knows all about the bill and can explain to you in more detail about why this is so bad and bad for renewables across the board. it would basically bring cheap fossil fuel -- >> supervisor fewer: thank you, mr. brooks. next speaker, please. >> 350 b

thatc sentiment is going, is what amazon, jpmorgan and berkshire hathaway are trying to achieve.he ultimate goal. whether or not they succeed, we will have to see. vonnie: what about the premium? it is hefty. reporter: what is interesting is not takinggna on a significant debt load as cvs buying etna. that will be an advantage because they don't have to spend time paying down the debt. you're looking at it integration challenge but you don't have that yet load hanging over your head. -- that debt load hanging over your head. there are so many deals in the space, it looks like a fair and full price. others may struggle to top it. you never know. vonnie: cigna is down 10%, express scripts up 11%. stocks reacting. thank you to brooke sullivan. we ask what shorts, she is doing now. this is bloomberg. ♪ ♪ live from london and new york, i'm mark barton with vonnie quinn. this is "bloomberg markets." let's check in on the first world news. taylor? reporter: president trump says he is looking forward to meeting on tariffs. it is unclear whether he will sign the order to establish the hig

company continues to grow, the top goal is $650 billion, which is bigger than facebook and berkshire hathawayany needs to grow revenue and earnings before certain items in tandem with growing the market cap. how that will be achieved is nowhere to be found in this award, so that has led to speculation as to what tesla will do. will it by other companies? thisould imagine that outlines the plan for tesla to go beyond electric cars and solar panels, because there is no carmaker in the world that is , that has a $650 billion market cap. how tesla will get there, we are not sure. those thathat about perhaps didn't like the sound of this payday? not every single shareholder was pro-, including the california state teachers retirement association. what are their concerns? we have biggest concern heard is, a 2.6 billion dollar award for one person is too much money. although musk is integral to and they recognize that, they say they are fully behind elon musk and they like what he is doing with the company, they think it is a bit outsized. caroline: $50 billion. how can that be outsized? thinks for

we talked about jpmorgan, berkshire hathaway and amazon teaming up to tackle the cost curve.u think government could do to help on that fronts, too >> well, i think, you know, the consolidation on the provider space is different than the consolidation on the medical product space. there is consolidation on the medical technology space we're seeing a lot of new, disruptive innovations pretty virtuous cycle even as you see consolidation. you do see new companies entering the space on the services side i think some of the consolidation is concerning you see consolidation on the provider's space that's something you and i have talked about in the past where you're seeing a lot of these large capitated networks grow up in certain areas where i think they're going to have pricing leverage and be able to drive up pricing rather than drive it down at the end of the day, all health care delivery is local and local markets become consolidated, then you basically have monopolies in the marketplace. that is a concern as a longer term trend some of that is becoming unwound now with some o

he surpassed microsoft cofounder bill gates of berkshire hathaway, ceo warren buffett. you have to collect a lot of people. lauren: i'm not surprised, though. look at what it's worth right now for 2017 considering all the deals in the news on amazon. lea: she's america's only expensive billionaire. i like that word. thousands unfortunately still without power after last week's nor'easter. another one is slamming the northeast. janice dean will be outside and just today. attorney general jeff sessions to make a major announcement in california. jerry brown certainly not happy about that. investors not happy about this although the situation is looking a little better. dow futures down 270 points much better than they were just moments ago. we will be right back on "fbn:am." the new -- ♪ thy armor was forged by a feeble-fingered peasant woman... your mom! as long as hecklers love to heckle, you can count on geico saving folks money. boring! fifteen minutes could save you fifteen percent or more on car insurance. lea: welcome back. let's take a look at stock market futures

morgan chase and berkshire hathaway, and in february they acquired ring, and now in march amazon is lookingo provide customers with checking accounts and has iveries to prime customers in more u.s. cities. how do these announcements fit into the complex amazon operation? for more i bring in bloomberg -- how doeswriter this fit altogether under the umbrella of amazon operations? >> everything you mentioned -- it is a company that is a culture in the way it these centralizes and empowers teams to innovate and acquired to innovate. yet tens of thousands of people around the world looking for growth and expansion opportunities. emily: not every business day have started has exceeded, right? brad: absolutely, they have spent 10 years of trying to get groceries to work, amazon fresh to work as well as they hope and resulted and last year's blockbuster acquisition of whole foods. emily: talk about the delivery business and what that means. brad: there's so much they can do, they can bring in amazon paid to check out, and they want to do a loyalty club for prime members and redesign the grocery sto

the berkshire hathaway ceo commenting on the all-time high cost of buying businesses at his annual lettero shareholders. adding that berkshire currently holds $116 billion in cash in treasury bills, and his extraordinary liquidity earns only a pittance. it is far beyond the level he wishes to have. what is he going to do with the cash, and when will he make a move? >> it is a hard situation because everything is expensive right now, and that is why he has been holding off. there are not a lot of growth opportunities. a lot of food companies, consumer products, manufacturing spaces that he would normally be the preferable buyer, they are paying higher prices. i think for buffett, if prices are going to come down this year, he has to strike. he has all this cash he is sitting on and i think he wants to do one last deal and solidify his legacy. >> jp morgan held its annual investor day yesterday. some highlights discussed their venture with berkshire and amazon, and jamie dimon spoke on blockchain's importance in his business in the battle on mobile. >> if they had any message, it was, we ar

morgan chase and berkshire hathaway.february they acquired ring, and now in march amazon is looking into providing customers with checking accounts and announced it is expanding whole foods deliveries to prime customers in more u.s. cities. how do these announcements fit into the complex amazon operation? for more, i want to bring in our , whoberg executive tech also wrote the book on amazon. how does this all fit into -- together, under the umbrella of amazon operations? >> everything you just mentioned. one of its products is its culture and the way it decentralize is and empowers teams to innovate and even requires them to innovate. you have tens of thousands of people working for them around the world looking for growth and , expansion opportunities. emily: not every business they have started has succeeded right? , brad: absolutely, they have spent 10 years trying to get groceries to work. not work as well as they hoped and resulted in last year's blockbuster acquisition of whole foods. emily: talk about the deliver

we also heard about a potential tie up moving forward between the likes of jpmorgan, berkshire hathawayn. so lots of consolidation going on at the moment express scripts itup 14% in the premarket. >>> u.s. futures are around the flat line which is where they ended yesterday, which is a vast improvement from the market moves we saw 24 hours ago before the open on this show when we were down over 1%. we ended flat for the s&p, slightly higher for the nasdaq, slightly lower for the dow this morning we have the dow slightly lower as is the s&p the nasdaq slightly higher markets enjoyed that decent day on the market front and talk of a carve out for various allies with the tariffs. ten-year treasury note, 2.88 is what we're looking at now. we'll look at the european side today, mario draghi and the ecb have their meeting and press conference in a few hours time. >>> president trump was expected to make an announcement on tariffs this afternoon a senior administration official tells nbc news it's unlikely to take place today let's bring in john harwood. good morning to you. what's your latest

regional private grid of which the largest company acting, and it would be warren buffet's berkshire-hathaway who has attacked companies in other states. once our grid is part of a private grid than state grid, our california electricity grid will be under the control of the trump administration. this could kill community choice aggregation, and it could kill renewables in general for a decade, possibly more. this is the biggest threat we've ever faced, and it's vital that you oppose it. >> supervisor fewer: thank you very much. >> hi, commissioners. jed holtzman from 350 bay area. i just want to say attending the sf meetings, we're ready to go full steam ahead. the one thing i would say for lafco's role, as going forward, as we discussed in the workshop, the role you could play in cleanpowersf, the puc staff has a tremendous amount of work to do to roll out the program, get everyone enrolled, make sure that they're happy, make sure that the city, the board is happy with the budgeting and contracting divisions. i think one role that the lafco can play going forward is as advocates, we get rep

morgan chase and berkshire hathaway.company acquired ring for roughly a billion dollars and in march, amazon is now looking into providing its companies with checking accounts and has announced it is expanding both was delivered to amazon prime customers in more u.s. cities. how do these announcements fit into the complex operations of amazon? we spoke with brad stone. ♪ >> it is a company and one of its product is its culture and the way that it decentralizes and empowers teams to go innovate and even requires them to innovate. you have tens of thousands of people working for amazon around the world looking for growth and expansion opportunities. new businessery they have started has succeeded though, right? >> absolutely, they spent 10 years trying to make grocery stores work. that is the amazon fresh delivery service. it didn't work as well as they hoped. it resulted in the acquisition of whole foods. emily: talk about the expanding whole food delivery business. >> there is a much they can do inside whole foods, they

lots of rumor, amazon is getting into the health care business, not a rumor, berkshire hathaway, jpmorgan and amazon going figure out how to lower pharmaceutical prices. >>> not the only potential deal on the horizon. the new york stock exchange reportedly in advanced talks to buy another u.s. exchange. the chicago stock exchange. this would be a deal worth about $70 million according to sources, sounds small but talk about m&a, these exchanges are being sucked up minute-by-minute, we told you the cme was buying next out of england. another data breach, hitting 150 million people. not facebook, this time users of under armour's my fitness pal app. according to the sports apparel company, the hacker was able to access users' e-mails and login information but payment information and social security numbers were not exposed. i'm sure people are worried about the fact that now people will know how much they weigh? which is more important? credit card or how much you weigh? >>> president trump pushing ahead with border wall agenda, blasting democrats stalling the construction, even suggesting

morgan chase and berkshire hathaway.n march, amazon is now looking into providing its customers with checking accounts. it announced deliveries to amazon prime customers in more u.s. cities. how do all these announcement fit into the complex operations of amazon? we spoke with editor brad stone for bloomberg. brad: it is a company that one of its products is its culture. the way it he centralizes and empowers teams to innovate and requires them to innovate. you have tens of thousands of people around the world looking for growth and expansion opportunities. emily: not every new business they have started has succeeded, right? tryinghey spend 10 years to make her shoe stores work, and it didn't work out as well as they had hoped. it resulted in last year's blockbuster acquisition of whole foods. emily: talk about the whole food expanding delivery and what it means. brad: there is so much they can do. they can bring amazon pay into the checkout. they want to do a loyalty club for prime members. will make astore from it to