he's tougher on amazon and jeff bezos than the nazi groups. why the president is going after them is a real mystery to me. kennedy: some people make the argument that amazon must hate retail because they are putting people out of business and destroying malls. but isn't that how an economy evolves? doesn't it have to be forced into temporarily uncomfortable zones. >> there is no force. the president loves anti-trust laws. kennedy: this one is too big, it has to be broken up. >> this is a republican version of micromanaging the economy. amazon survives by trade. they created hundreds of millions of jobs. you could publish a book now because of amazon. to come down to them, this is the difference between economic power and political power. kennedy: are these shrewd moves bezos has knead or is he signing his economic death warrant. >> i don't want to be hyperbolic, threatening business:men for exercising their first amendment rights, that's akin to putin. that's akin to chavez and fascist dictatorships where free speech really isn't free. whateve

bezos owns amazon.com and owns "the washington post." the president should not be in a position where his deeds words or actions should influence the private sector because he has a beef with their political opinions. >> this is where the president is missing the opportunity to get back on stride. instead of petty twitter-driven political shots. >> the agenda is a long ways away. but i was going to foul on that twitter thing you are talking about, richard. i was looking back on his relationship with bezos, when all the i.t.ceos went to the white house and talked to the president about what he should do. he went after bezos for not paying taxes. he calls them the no-profit company. bezos may be the most of enlightened ceo on the planet. is this a relationship they should have? >> you are not going to get me to say no they shouldn't pay their fair share in taxes. but it's problematic he has found time to tweet about merck, am soon sheriff arpaio but he still can't find time to figure out how to get charlottesville right. gerri: what about

think the important question is, is that a call that someone like me or a mark zuckerberg or a jeff bezos should be able to make as really not politically sanctioned individuals, but ceos of tech companies who just happen to find themselves at the top of the organizations that make the internet work. liz: okay. again, you reserve the right under any circumstance to accept or reject any customer. but when you drop them, it doesn't go away necessarily. but the fact that it is -- they are now nakedded to hackers -- naked to hackers, that immediately affected daily stormer. what do you know about that site now? has it been -- does it have

bezos doesn't own the amazon he's a very large shareholder over you're right it started the fun withit you know but it is a publicly traded company makes it even more the public's business it's a for the most valuable company in the world with forty three percent and growing share of all u.s. online commerce that's monstrous and because those person interesting no two that people often forget to was that you know bales purchased the washington post in two thousand and thirteen for two hundred fifty million that same year he purchased the post amazon has landed a six hundred million dollars deal with the cia. to develop big coordinated computing cloud for all seventeen defense intelligence agency intelligence agencies in that community you know it's it's incredible how many fingers the as it applies to yes i would hope that there would be some you know reporting looking at him saying what's going on. we get free shipping so why bother. right if you're right that is the kind of thing if you have dollars in the humanity that's worth for a ship back for shipping. this sunday russian pres

. >> bezos started amazon.com at this home in seattle in 1994.books on internet has grown into a multibillion dollar business. >> the largest physical book stores only carry 175,000 titles. amazon.com has 2.5 million catalogs. there's no way to have that physical bookstore. >> bezos understood it would decades to create this infrastructure of shape shipping and warehouses. he had this vision of up end in the retail business. >> what's often said about your company. you're losing money. >> i can tell you that i think it's good we're losing money right now. it's important to amazon.com in the long-term. >> we'd like to know what day it is. >> you can't be the everything store unless you're absolutely gigantic. bezos' philosophy was to get big fast. earning money, making a profit, that will come later. for now, let's become the 800-pound gorilla. >> more and more people are going to be shopping online. it's more convenient because you have unlimited selection. the convenience is the year that shopping becomes of age ob the internet. >> this was a ti

because it involves the internet sales giant amazon and the newly crowned richest man in the world jeff bezos you see amazon through one of its going to lackey corporations is trying to muscle power lines through the historic community to power and amazon data center expansion in the area now one would think that any story involving amazon the stork minority community fighting for fighting for their neighborhoods that that includes properties acquired under eight hundred sixty six law that allowed freed slaves to own land would make for great anger to your average journalist but sadly apart from a few local papers and alternative news sites this story has been largely ignored but why would this be well journalist adam johnson of fairness and accuracy in reporting has found a very interesting pattern of coverage concerning mr bay's those amazon and tech reporting in general by a least three of the biggest newspapers in the united states the new york times the wall street journal and the washington post johnson writes a review of one hundred ninety articles from the new york times wall street j

i think as we have all learned, one has to be cautious betting against jeff bezos.e is global and the political insecurity right now. there are new scandals coming out of washington every day, should that impact investments? nikesh: we have always had different kinds of uncertainty in the market which could change people's outlook in the short-term and that causes times of overinvestment and times of underinvestment. many people have not made money in times of overinvestment and it is hard to find things to invest in. but it has been established moneyand again that when is scarce and there are a lot of things to invest in you will , make a lot of money. right now if you find great opportunities i would not worry , about the uncertainty. although i seem to think the uncertainty is not impacting valuations the way the stock market is moving. of my wide-ranging conversation with former softbank president, nikesh arora. coming up, apple is said to be thrown down the gauntlet when it comes to programming. but with other tech giants investing, will it be too little too la

jeff bezos was not going to that ineturn on his lifetime. you can look at startups and go, i can see a global this nas model here, and that's what's developing. -- business model here, and that's what's developing. julie: what are the business models? we know about spacex. are there others? >> spacex is the most expensive. there is also stuff down stream. services developing around the ideas of people going into space. tryingl company that's to be the expedia of space. joe: what about space mining? ago people were really talking about that. is that going to be viable at some point? >> there's a company called planetary resources. a lot of excitable analysts comment about, if you find one , that's enough to wreck the earthbound market. again, people get excited, but it seems like tangible returns are still the challenge. emma: how many people are actually going into space? , [indiscernible] did you say jeff bezos is spending a billion dollars a year? a billionpending dollars of amazon stock a year. he describes it as a robust business model.

but i think as we all have learned, one has to be cautious betting against jeff bezos.ly: there is global and political uncertainty right now. new scandals out of washington every day. should at impact investment, global tech investment? nikesh: we have always had different kinds of uncertainty in the market, which changed people's outlook in the short term. that causes times of overinvestment and underinvestment. many people have not made money in overinvestment when valuations are high and it is hard to invest in things. because everybody wants to invest. but it has been established again and again, when money is scarce and there are a lot of things to invest in, people make a lot of money. right now if you find great opportunities, i would not worry about the uncertainty. although, i think the uncertainty is impacting. emily: so what are you up to right now? nikesh: one of my up to? i just joined the board recently at richemont. it is different from tech, a luxury segment. they have a little bit of tech investing they are doing to try to see how the industry transfor

but it's around jeff jeff bezos is the c.e.o. of amazon and he's also the owner of the washington post so on officially the cia is a funder of the washington post what do you play implying that because of the bezos approved policy that won't let washed. critique advertisers that somehow that means they're not going to be critical of the cia i mean have some more faith than wash. ok first stop doing that and secondly i'm not implying that they won't criticize the guy i'm saying that i said that i said i just said it i don't know why there we already know that outlets like the post in the new york times routinely report you know or not to miss leaks that they're fed from intelligence community that are often later found out to be inaccurate wm d. now even a journalist who works for the post with good intentions and integrity can't call that out without risking terminations said no no they have no he there's a safeguard in place with this new policy there's a clause that encourages employees to snitch on one another if you have any

johnson writes a review of one hundred ninety articles from the new york times wall street journal and bezos own washington post over the past year paints a picture of almost uniformly uncritical. times booster coverage in fact the last time there was any kind of investigative journalism found in any of the big three was a new york times critique of amazon's labor practices almost two years ago in august of two thousand and fifteen so in a world where freedom of the press has preached a lot more than its practice just how much rain does the mainstream press give to the world's super rich and powerful let's find out and start watching the hawks. you know that i got.

but i think as we all have learned, one has to be cautious betting against jeff bezos.ere is global and political uncertainty right now. there are new scandals coming out of washington every day. should that impact investment, global tech investment? nikesh: we've always had different kinds of uncertainty in the market, which changed people's outlook in the short term. and that causes times of overinvestment and times of underinvestment. many people have not made money in times of overinvestment when valuations are high and it is hard to find things to invest in because everybody wants to invest. but it's been established again and again, when money is scarce and there are a lot of things to invest in, people make a lot of money. that's if you take a contrarian bet. right now if you find great opportunities, i would not worry about the uncertainty. although, i seem to think the uncertainty is not impacting valuations based on the way the stock market is moving. emily: so what are you up to right now? nikesh: what am i up to? i just joined the board recently at richemont

bezos' philosophy was get big fast. earning money, making a profit that will come later.t's become the 800-pound gorilla. >> this year i think more and more people will do more and more shopping online. it's so much more convenient. you have unlimited selection. the convenience is going to make this the year that shopping comes of age on the internet. >> this was a time that allowed you to make choices as a consumer without gatekeepers choosing things for you. you could decide, i want that, and you'd get it. if you don't live in a big city, you can still get big city stuff. >> the worldwide computer network called the internet has inspired more movies than any big deal technological fad since the cb radio boom of the 1970s. the internet itself however is definitely exploding. > it hit and within like two years, it's become so powerful. >> we're sitting on the most perfect beach in the world and all we can think about is -- >> where can i hook up my modem. >> in 1999, we are culturally, socially, financially quite dependent on the internet. >> in washington today a special

he has often had a go at jeff bezos about taxes. have seen start to pay sales tax in particular in every state that needed. on the one hand the jobs and the taxes, not really stacking up to the reality? ,aroline: i think that is right when the tweets from donald trump stack up. what we have got to remember here, jeff azo's is only a billionaire in the sense of everything from web services to a conglomerate, really, and "the washington post" did put out a critical piece yesterday about the announcement coming from donald trump yesterday. maybe that was the catalyst, the fight back against those who continue to be critical of the trump residency. noticeably we have heard him talk about there being some tax fore -- survival mechanism jeff bezos. you've got to know that "the washington post" and amazon are entirely separate, so a lot of these views coming from donald trump don't seem to ring true. there are other companies he could have done, right? pharmaceutical companies, tech companies, maybe apple? caroline: exactly right. he often

jeff bezos' new glenn is a similar breed. is taking up smaller satellites that spacex and the new glenn rocket are not addressing. emily: what makes the small satellite market such an attractive investment? >> it is a market that exists today and is large. you have a lot of incumbents. legacy aerospace companies that have been focused on the defense market for decades. they have gotten very large and have done things a certain way. we have seen new entrepreneurial ventures come in and start to shake things up. what normally has taken very large bus-sized satellites that cost $1 billion to build and launch, 15 years to put together, now we are seeing these entrepreneurial companies build these satellites for a few hundred thousand dollars, launch them for a few hundred thousand dollars. in doing so, they are able to cover more of the earth and get more data from the sensors. we are seeing a real proliferation of data from small satellite constellations versus the single, large satellite. emily: how would you characterize the l

david: that had jeff bezos who stepped in. you don't have a jeff bezos.ich battista: but the point is you can do it. there are different kinds of ways to do this. look at a company like apple, which, 20 years ago was left for dead. look how they reinvented that company. thee are great ways to take incredible raw materials and assets of this company and build it for the future. david: last question. what is the timing brand? how does time magazine fit and much lessyle southern living. is that a brand? rich battista: we don't typically think of time as a consumer brand but we think about our brands as an extent on their own. what we are doing as a company, the other thing we never really do -- never really did was we were thinking about a unified company. we broke the top 10 in digital audience rankings. if you accumulate our $130 million a month, we are in the same ballpark as companies like apple, google, facebook and the like. we think about our brand as consumer brand facing but now we have them across all of our operating parts of the company. we are a

jeff bezos owns "the washington post."s a lot of progress in tech companies which can be threatening to people in the administration, but other businesses. emily: since the events of charlottesville, virginia, a surprising topic has come to the forefront of silicon valley. deep-seated divisions about how far tech companies should go to silence hate groups, specifically nazis? where do these companies drop a line? bloomberg's editor export this topic and joined us to discuss. >> silicon valley has had a hard time navigating the era of donald trump. and that is partly because, even before the election, there was all this controversy around companies like facebook and google as to whether or not they were media companies are technology company -- if they were media companies are technology companies. if you are a technology company, you do not have to take responsibility for the content on your platform. if you are a media company, you do. most of these companies want to be a technology company because you do not have to spen

other person in the world until this week when bezos was surpassed by which website chief executive?ng to guess. >> mark: come on. [bell] >> you said -- >> mark: bill hemmer says elon musk. from tesla. let's go to the tape. >> facebook's chief has made more money, mark zuckerberg. he's up $23 billion. >> that's paper money. >> mark: you've lostst a point. north korean's gdp is $12 billion. if mark zuckerberg goes nuclear we're in trouble. question three, which big city mayor has been denying reports that he naps regularly inn his office disrupting the work flow of his colleagues? [bell] >> mark: bill hemmer. >> bill de blasio, new york city. >> mark: let's go to the tape. >> is it true that you taken nap after the gym? >> ridiculous. >> do you take a nap? >> ridiculous. >> maybe you're meditating. >> no, i don't get a chance to meditate. >> mark: stop spreading the news, he u wants to wake up in e city that goes straight back to sleep. bill deblasio, the napping mayor. shannon, one point ahead. >>ne she usually is. >> mark: it's like "the hunger games" here. long-standing double act.

yellenould it be janet that has an issue with jeff bezos?look at the volume that amazon ships and then it's a bottom line and it makes no money. the u.s. consumer is getting a free ride off of amazon because amazon is not there to make a profit by the grab territory and given the consumers very cheap goods and not paying out to shareholders. maybe janet yellen should have a big issue, this the disinflationary force that seems to explain some of the data we are seeing. sebastien galy: it is. these pressures as you are seeing a the one you mentioned, the fact there is competition and people look at the prices of somebody else and assess there's. it makes your life -- and sets theirs, and it makes her life very difficult. , thank youien galy for comments. without question, my interview of the day, the conversation with the congressman from paterson, new jersey. bill pascrell on a president -- bill pascrell. this is bloomberg. ♪ guy: i am guy johnson in london and tom keene in new york. i want to draw a line between what happened yesterday at tr

bob iger disney at abc, mark zuckerberg, bezos and charlie ergen of dish network. we know that at&t is not interested in the news business, it's not part of the strategy, it would make sense on all fronts and we know what mr. trump thinks of cnn as well, make sense to divest themselves and time warner has "tmz," and there are rumors they would divest themselves of cnn and "tmz," they will get a final say at the end of next month when the department of justice puts out the report on the conditions needed to get this done. liz: what's ironic, ashley, be careful what you wish for because whoever buys cnn, les moonves is no dummy. >> absolutely not. liz: each of the ceos are brilliant, they will make it bigger. by the way, you don't have to have a big network to make a ton of money. you know how much money cnn makes in advertiseing? a well, well-greased machine. >> a lot. liz: the perception is president trump would be a business leader who would allow mergers and acquisitions put through unlike the obama administration, it got personal and can't really do that. you go

foods or if he buys a hotel chain next or buys an airline next, this is just the beginning for jeff bezoshe's going to keep lowering the price on things we buy every day. 400 stores, 65 million amazon prime members. this could double the number of prime members. and the distribution of those 400 stores and what they're going to be capable of on the last mile front is absolutely extraordinary. this is a real shot in the arm for the american economy >> i also want to talk about uber with you guys uber's board of directors finally sending an e-mail to its employees naming current expedia boss dara kaushrashowy and the food with benchmark capital. >> i think it's the perfect choice if you look at the experience at expedia over the last 12 years, he's actually 12x the value of the company. he's beloved by everyone he doesn't shy away from solving problems and he's a leader so we're all very, very happy and excited about him joining. he's the perfect choice. >> jason, i see you've got an uber hat on. a little costume change while we were listening to shervin. does this change significantly at l

bottom line he is going after jeff bezos any chance he gets.going after amazon as well? liz: south carolina says you owe us nearly $13 million. amazon has on the site, basically to connect businesses on its site, businesses come on the site with consumers. this is separate from amazon selling. ashley: third party. liz: they're saying you owe taxes, distribute sales taxes on that too. we should point out congressman are looking at whole foods transaction. >> despite all the opposition, nothing bad has happened to amazon yet. they keep on expanding. liz: that is the point. stuart: bigger agenda ahead for republicans, the debt ceiling, obamacare and of course taxes. here is our question, does the divide between president trump and republicans put all or most of that agenda in jeopardy? that's a big question. we'll be right back. ♪ don't let dust and allergens get between you and life's beautiful moments. flonase outperforms the #1 non-drowsy allergy pill. it helps block 6 key inflammatory substances that cause symptoms. pills block one and 6 is gr

senator marco rubio was one of them tweeting: wednesday morning he ramped up his ongoing feud with jeff bezos owner of the "washington post." he accused the ecommerce company of doing great damage to tax paying retailers. brook silva-braga, cbs news, new york. >>> cities across the country will confederate statues are making moves. crews in baltimore took down four monuments around the city overnight. people came out to watch as they worked. the decision to remove the statues came from baltimore's city council monday night and was approved by the mayor, who says she wants to avoid violent clarks. meanwhile, in birmingham, alabama, the mayor ordered crews to cover up a confederate sailors and soldiers monument. some people are supporting it. >>> loved ones and the community held a memorial for the woman killed iaang reports. >> reporter: mourners are honoring the life of eamo32ri ol--yd servheice in virginia. >> i love my daughter. as i look at all you guys, you loved her, too,. >> reporter: organizers asked people to wear purple, her favorite color. this mother and daughter were first in line

. >> jeff bezos also owns the washington post and we know how trump feels about the washington post.nnect the dots there. >>> just ahead -- the hottest food on a stick at this year's texas state fair. >>> and the story about this ring on a carrot is going to make you smile. ...solve problems. how? we eat. we eat almonds... ...strawberries... ...quinoa. and yeah...we eat chocolate. ♪ we eat in sweatpants... ...in skirts. we eat alone... ...and together. women are strong. we eat, and we own it. special k. and life's beautiful moments.ns get between you switch to flonase allergy relief. flonase outperforms the #1 non-drowsy allergy pill. when we breathe in allergens, our bodies react by overproducing 6 key inflammatory substances that cause our symptoms. flonase helps block 6. most allergy pills only block one and 6 is greater than 1. with more complete relief you can enjoy every beautiful moment to the fullest. flonase. 6 is greater than 1 changes everything. take an extra 20%kohl's off your purchase. sale get the gear. win the school year. kids' licensed tees are just $6.40. boys' pla

jeff bezos, allof them 'tacks their businesses.s to perplexing and disturbing that you don't know what to say about it but certainly tech and especially tech workers just don't tolerate this kind of stuff. and so especially last week when last week was all about first amendment issues in sill cicon valley surrounding the firing of the google employee. they have to figure out what line they want to draw here. >> kara, the president may speak later today. if he takes the opportunity to sort of, you know, vehemently come out against what happened and all forms of, you know, nazi -- neonazi, everything on the far right that white supremacists and so forth and so on and goes on at great length about it, is there anything he can say today or going forward that you think will stem the need for the departures you talked about from tech executives from his council? could he do anything at this point that would change your mind or their minds about that >> i don't know. i think the thing with merck he can attack that guy but neonazis, that's

that is what jeff bezos wants. whole foods market was often marked as a high price. a new name. reporter: thank you. french president emmanuel macron says the european union could break off if it does not change rules that allow cheap labor abroad. he made this statement with visits to the capital of romania. france want to tighten rules so that temporary workers abroad are paid the same as locals. currently they are only taylor the workers are posted. -- only paid where the workers are posted. the french president has been pretty busy. he is lobbying for paris as the city of innovation. mobility is a key hurdle. the river taxi service called sea bubble could be the answer for many clogged cities. reporter: from afar, the fabled city of -- you realize the streets fill up with flowers during -- with cars during rush hour. that is where this man came in. he broke speed records with a boat similar to this one. now he wants to disrupt this boat service market by developing clean waterways and taxis for the cities. he wants to raise 150 million euros by the end of septemb

betty: jeff bezos makes oh rare for a into the bond market.mazon raises cash to pay for whole foods. >> goldman sachs takes a game to silicon valley, roosting storage for top tech talent. betty: this is "daybreak asia," live from bloomberg's u.s. and asia headquarters. i am betty liu, it is just after 7:00 p.m. in new york. after 7:00 a.m. here in hong kong. i am shery ahn. volatility falling, the japanese yen, and gold retreating this week. it looks like geopolitical tensions over north korea are waning. but political tensions in the u.s. are on the rise. betty: you could not see that reflected in the equity markets by any means. that turmoil you are seeing engulfing the president and throughout the country, largely shrugged off by the equity markets. certainly no rally like we saw the day before. we had markets closing unchanged. ingestrs still trying to all the news and the impact at my -- it might have on business and the economy. shery: that economic data out of the u.s. good july retail sales, that probably helped. let's look at the mark

through meetings with industry leaders like apple and amazon's jeff bezos.see everybody and that's my question for you ryan because he were a small start up relative to what we are talking about in terms of the impact on tax reform and some of these policies. what's the most important policies like to see coming out of this administration to help your business get to the next level? >> the way we think about policies we leave that to the experts. at a high level the thing that is important is actually pervasive right now and innovation. innovation is good for a group of economies and good for our domestic economy because it adds transformation change and opportunity. from our perspective at cadre we are innovating in real estate. we want more people to have access. the only way that was available in successful was because we innovated. we said this existing real estate investing model does not work and we want to change it for the better. the most important theme that needs to be pervasive and continue to be so is innovation. maria: one of the things as you

that people did not factor in is jeff bezos decided he did not want the same fate in india that he had in china. when jeff decides to invest billions of dollars into a market, now you have one well-funded player who has the technology and expertise around the world to execute the space. as you can see, it has generated the resources to do so. deal ended up with a similar backer who wanted to give them billions of dollars. i don't think it is clear right now who was going to win in the long-term in the e-commerce space in india, but as we have all learned, one has to be cautious. emily: there is global and political uncertainty right now. new scandals out of washington every day. should at impact investment, global tech investment? different always had kinds of uncertainty in the market, which changed people's outlook in the short term. overinvestment and underinvestment. many people have not made money in overinvestment, and it is hard to invest in things. but it has been established again and again, when money is scarce and there are a lot of think to invest in, people make a lot of m

editorial for disseminating fake news on behalf of the intelligence community which amazon's jeff bezos has a six hundred million dollars contract with which seems like a conflict of interest because he owns the washington post also plus facebook will be giving preferential loadings needs to get media i don't have to do that as i thought it. was. a. play and then i would get. the next rudy leader we're going to support. or maybe it's blown i'm not sure redacted correspondent on the caravan he filed this report. i'm going to take you for a war which is to never and once we're talking about this war. now there's no reason to be alarmed this was clearly an isolated incident. i am now receiving word that iran is building a three mile high roll of toilet paper. and the north koreans have a new surface to air tampon they're testing the arms race has begun the pentagon is now posing the question to drone or not to drone alleged terrorist cells in the philippines which is a strange question to ask because we already did in two thousand and six and twenty twelve. did we can did we just were. dru