according to filings with the employment development department by the end of the week ebay will have cut nearly 300 bay area employees with the majority of those layoffs coming in san jose. industry analysts say although the loss of jobs can be sobering the silicon valley economy is strong isser than it's ever bee >> the hope is that those employees affected will be able to be reabsorbed back into the silicon valley ecosystem that has a record unemployment rate of 2.8%. >> reporter: a spokesperson told abc 7 news that all affected employees were notified the end of june. it's trying to align its workforce with new initiatives, a recent push to rebrand the platform as a place for shoppers to discover new products. according to fortune, while the company success revenue is up to $9.6 billion last year from 9 billion the prior year, it took a loss of 1 billion. >> the competition has gone up. now you have lots of places online you can get stuff. so part of, i think, the challenge for ebay, if it does not evolve to what the next generation for ecommerce should be. >> reporter: in additio

ebay is not a retailer. ebay is 23 years old. pure online% marketplace. nothing on the site that you buy or sell is ebay owned. have inventory, warehouses, logistics, trucks, anything like that. we simply connect buyers and sellers from across the country and around the world, and it is what we have done from day one. is a realhas allowed small businesses and entrepreneurs to come online to be able to sell their goods and reach customers in places they never thought they could before. and that has happened in no art -- to an an overarching framework around how we look at small businesses on the internet and startups, and not overburdening small businesses in ways that create problems, a lot of excessive unnecessaryiance, red tape and headaches that stop small businesses from becoming the big businesses we have seen before. the courtway from case is pretty simple. we were disappointed. thought 50 years of supreme court precedent should have been left alone. however, when looking at the , it was clear the justices on large retailers and how those retailers

and where ebay is equation i have been there less than a year and a half so that they have on a single issue but in a year and a half it is apparent there is a misunderstanding of the mechanics of how this works and just was certain the laws and not to be underestimated through that process. even a is not a retailer. it is 23 years old and has always been day 1100%. online marketplace meaning that nothing on the site that you buy or sell do they own we don't have inventory or warehouses with logistics or trucks we connect buyers and sellers and it is what they have done so what this has allowed with other marketplaces it is the empowerment of small businesses with empowerment of entrepreneurs and those reaching customers they never thought they could before. that has happened in no small part to how we look at the small businesses on the internet. the startups and not to burden the small business in ways that create market entry problems within that unnecessary red tape and headache small businesses had that we have seen before. so keep the court case pretty simple. we were disappointe

a 100% pure online marketplace meaning that nothing on ebay's site that you buy or sell does ebay own. we don't is any inventory, and we don't have any warehouses, and we don't do the logistics, and no trucks or anything like that. we simply connect the buyers and the sellers from across the country and around the world and it is what we have done from day one. what this has allowed is ebay and other marketplaces and et si and others is to allow a real m empowerment, an empowerment of the small businesses and empowerment of the en tre ptreps to come on line to be able to sell their goods and reach customers in places that they never thought that they could do before. and that has happened in no small part in the overarching framework of how we look at small businesses on the internet, and startups. and not overly burdening the small businesses in ways that create market entry problems and in ways that create a lot of the excessive costs and compliance and unnecessary red tape and headaches that stops small b businesses from becoming so many of the big businesses that we have seen befo

lo que ella hizo fue que me dijo que necesitaba una aseguranza de ebay por si algo le llegaba a sucedero exhibiÓ le Ó mandara los nÚmeros la vendedora se esfumÓ. >>> si le piden que paguÉ con tarjetas pre pagadas es seÑal de estafa, ahora lo Único que luz tiene en sus manos son las tarjetas de ebay y los recibos. para ella ha sido una lecciÓn que quiere compartir . >>> hay que ver el vehÍculo primero . >>> si piensa que podrÍa ser un fraude lo mÁs recomendable es evitar problemas y perder su n dinero . >>> es un portal para compradores y vendedores, en su sitio la compaÑÍa no se responsabiliza por actos i ilegales que puedan ocurrir entre el ven comprador, por eso hay que tener mucho cuidado. si tiene un caso para telemundo 48 responde nos puede llamar. un estudio reciente encontrÓ carreras prometedoras para quienes buscan empleos y solamente tienen el diploma de preparatoria. entre los mejor pagados estÁ el de electricista y no requiere de un tÍtulo universitario, puede ganar mÁs de $26 por hora. >>> las tarjetas de crÉdito tienen sus ventajas y pueden ayudar a mejorar el estado de su

. >>> big changes coming to ebay. what's happening to the local company, by the end of the week. >>> good morning, right now we do have traffic that is off to a decent start if you're driving on the san mateo bridge heading off to the high-rise. >>> it does look a little warmer for some today. we start off with thick fog. 54 in santa rosa to a warmer 62 in san jose. . >>> a board of directors unanimously confirmed a ban on commercial vehicles in the lower heights neighborhood. the netflix reboot of the show "fuller house" has led to bigger crowds of fans taking pictures and blocking streets and driveways. neighbors are also worried about safety as people dash across the street to look at the hom. board of directors vote visits them from operating in front of the house. >>> developers broke ground on one of the last water front properties on the bark of the north bay bridge. the developers reportedly kicked in (1) 500-0000 towards affordable housing elsewhere. a luxury apartment should go on the mark some time in the m

this comes at acial time for ebay. challenging times for the bay area company credited with revolutionizing the world of online shopping. according to filings with the employment development department ebay plans to cut 300 local employees, the majority coming from hamilton avenue on san jose. >> the competition has gone up. and now we have lots of places online where you can get stuff from. so part of, i think, the challenge for ebay, if it does not evolve to what the next generation of ecommerce should be. >> reporter: a company spokesperson said all employees were notified the end of june. ebay is shifting its focus and aligning the workforce with its new initiatives. just two years ago, ebay was celebrating the expansion of its headquarters in san jose, saying the best was yet to come. according to fortune, while the company's revenue was up to $9.6 billion last year from $9 billion the prior year, it took a loss of 1 billion. the loss of jobs can be sobering, the silicon valley employment base is strong isser than

so if you're a small merchant, you have the choice of either doing it yourself now, ebay puts the onusdoing it on you, or letting amazon do it for you, and by the way, amazon at least in two states in pennsylvania and washington state have been doing it for third party merchants for free that's what i'm talking about. >> so is more of the market like amazon or like ebay in the sense that is this going to damage more e-commerce competitors or perhaps drive them into the arms of the likes of shopify and adobe and other players trying to ease the load from the new rules and regulations? what's going to happen to the e-commerce cohort? >> i think that's a good question clearly i think amazon is a winner the other winners are those companies like you made the point of adobe and others that have the capabilities and have been inquisitive in the last two to five years to acquire a solution to help small merchants, small businesses do what amazon is doing as they stand alone. those that fall behind are companies that don't have capabilities or frankly the scale to get those capabilities. >> re

ebay in terms of growth rate. data that came out of amazon prime day, record numbers of new prime subscribers, something we have been watching as an issue, and secondly, 100 million units sold in that time period amazon seems to be clicking on all cylinders right now, ebay is not. >> kirk, you had a bullish note on microsoft and its progress with azure recently saw a tie up with walmart in that department, not being shy, saying this is about taking on amazon, trying to blunt their cloud ambitions. what makes you excited about microsoft? do you expect them to overtake amazon in significant ways how bullish are you? >> i think we're very bullish on what microsoft is trying to do i would say when you think about public in general, it is not necessarily a mutually exclusive winner and loser category. the pie is growing very fast microsoft is doing an exceptional job at the enterprise level, you could argue taking share within the enterprise this is a growing by that you see a lot of major players doing well our comfor

>> problems like that are really very, very rare on ebay.ng ebay pioneered is this idea that we rate each other. so that future transaction participants can see whether you're a good person to deal with or not. it's in your financial interests to be looked up to and respected as a trustworthy transactional partner. >> on nbc news in-depth tonight, we're going to talk about the superstars of the stock market, those red hot internet stocks. companies that in some cases didn't even exist a few years ago are now trading in the stratosphere. >> the whole dotcom bubble of the late '90s was based on this idea that what counted was not profit. what counted was eyeballs. if you could get enough people using your stuff, you would figure out a way organically from that to make a profit. >> the daily volume, 3.7 million shares. we are almost a $2 billion company. >> people love these stocks. anything that has dotcom or net in its name, it goes like hotcakes. >> it's billed as the earth's biggest bookstore. not just the country's but the earth's. but you

when an analyst is trying to model ebay, they want to know how thee bay will model. ebay call was discouragingasn't worked out the way they hope the stock was down badly it wasn't about tariffs, it had no impact. these days you had to ask the question and alcoa talking about taking a $12-14 million monthly hit from the tariffs on canadian aluminum imports coal may be the largest producer in america, 28% comes from canada we opened a new one in 40 years in this country. all that's happened in the tariffs is inofficiate supplies. that's actually bad for the industry canada thought they would get an exemption and the stock was slammed and fell 13.3%, one of the worst performers today you know what goes on when you start getting these questions? the portfolio managers start listening what the heck? why do i have to listen to this? it can't hurt my company as they talk about more and more goods, trying to model earnings estimates becomes more and more complex for the wall street earnings issues. especially as they keep escalating president trump said, i told you so they just slapped a fine on googl

iraqi food, but not only that, you served it on plates that you's specifically requisitioned through ebay, they were so much a part of the saddam hussein story that in the end, the iraqi government wanted them back. they were amazing. so what is it about food that speaks to you in such a broad way, in such a sort of artistic, experiential way? well, just as a point of clarification, which is interesting in answering your question, i was collaborating with a chef at this restaurant called park avenue and the chef's name was kevin lasko, and what we did with that project was really kind of look at the way that a menu happens. and a menu is presented to you almost like, almost like the accession cards in a museum now that tells you exactly what kind of pigment is used and so, the menu tells you where your rugelach comes from, it tells you where your meat is harvested from. it's a way of making the dinerfeel good, and i wanted to make the dinerfeel bad. so iraqi date syrup in the united states hasn't been labelled as "product of iraq" for years because it's been impossible to get it through c

squau john, do you like ebay at this price? >> not yet we think it's caught between amazon and the brick and mortar retailers, so at this time we're not using that stock in our strategies >> we've got another earnings alert, guys. this one on sketchers. >> and sara, i'd like to draw your attention to shares of sketchers which are now down about 25% in which was a disappointing report earnings came in at 29 cents analysts were looking at 41 cents on its bottom line but guidance also very weak for the third quarter. ceo robert greenberg, though, remains confident saying with the resurgence of retrolooks and sketchers delights we are the originator of one of the hottest trends in footwear but perhaps consumers think otherwise. you can see the stock is down now just about 21% and you can see heightened competition in shoe wear >> a volatile one. looks like it's going to be ugly >> it has these enormous moves on earnings. it got really destroyed last quarter after its report there's a bit of a fashion content element of sketchers th

ibm, we'll talk about ebay microsoft of course tonight.ncies remain a fierce issue as dollar strength continues the yuan versus the dollar another year low for all the discussion about trade at delivering alpha, forex was the thing some managers are truly worried about. at least volatility. >> right it is changing a lot of people's view because this sudden shift in the strong dollar -- which larry kudlow by the way praised again today because it keeps inflation down -- is making it so whatever they would like to guide up and they can't. they just can't do it because the currency, it is back to that x currency thing it happened so quickly that it is taking a lot of these executives by surprise they don't want to be as bullish as they necessarily would like to be. a lot of these analysts can't figure out how much of this is dollar adjusted, how much is not. we're really in die-down it is making it hard for analysts to do their job than i've seen in a long time >> market doesn't seem to care a whole lot. fewer than 2% of that 2,872 that we go

moneyback guarantee applies to virtually all actions. ebay and amazon said they aggressively combators. crosby showed us this list of items that are fake mostly because they do not exist in the manufacturer's authentic product line like these flash lights and amazon says they have been removed. fake law enforcement badges. >> that is a replica of a united states secret service current issue badge. >> reporter: this was on amazon? >> yes. >> reporter: here this is vote. and memory cards. >> you see them at 64 and 128 gigs and they just erase your data and overwrite it. >> reporter: amazon trusts they will receive out thennic products and we take it seriously. we strictly prohibit the sale of counterfeit products and invest heavily to ensure our policy is followed. we remove su suspected counterfeit products. >> there's a real risk. if you have to ask yourself is that authentic, i would shop elsewhere. >> my question what if you want to buy online and feel you're getting the real thing. stay away if prices are too low. some counterfeits are starting to raise prices to make them look m

. >>> ebay is eliminating hundreds of bay area jobs. they've filed a notice with the state saying it is permanently laying off about 300 employees in san jose, san francisco, and brisbane. those layoffs are supposed to be completed this week. ebay's profits have been declining in the past year. >>> it's one of the city's most well known photo ops, but neighbors say the tourists are nonstop. now the san francisco street that's home to the famous full house victorian will soon be a little less full. kpix 5's andria borba is live on broderick street where the city just banned tour buses, andria? >> well, elizabeth, the move bans vehicles that carry more than nine passengers from this one block stretch of 1de street in san francis,t urstalgi tha a -- >> looking at the full house house. >> reporter: -- and ready for instagram. for neighbors, though, the reality isn't necessarily seen through the forgiving filters of social media, but the cold, hard reality of traffic. >> i get it. you know, i get everybody wants to see the house. but it's al

ebay announced its new best price guarantee. no membership is required and there's free shipping on all ebay deal items. >> california lawmakers hope to push through a net neutrality bill. supporters say the measure took a hit when an assembly committee gutted its strongest provision. critics believe heavy lobbying, including from nbc's parent company comcast, may have had something to do with it but state legislators still aim to restore in california what the fcc took away. >>> two california schools can claim to be the best public university in the country. for the first time ever "u.s. news and world report" has a tie at the top of the list. are you surprised? it's uc berkeley and ucla. they both rank 21 in overall. stanford tied for fifth with columbia and m.i.t. princeton ranked number one overall for the seventh straight year. >>> disappointment for families in fairfield last night. can you imagine explaining this to the kids? the travis air force base drone show didn't go on as plan. officials had to postpone the celebra

after the ebay beat on earnings and missed on sales even as ite added m active buyers.form also gave revenue current quarter and for the year. that was a little bit light. shares of ebay fell initially in the afterut hours, finished the regular session up a fraction at $37.95. >>> bargain hunters rejoi. by one estimate there were more than 150 retlers offering deals over the past day or so to compete with amazon's primeay. target said yesterday it was its biggest online day of the year so far for sales and traffic. as for amazon itself, by its own ed up te, prime day e being its biggest shopping event ever. courtney reagan has the detai. >> even though amazon prime day had glitches preventin shoppers from shopping for the first seven hours, it was still ain record bre day. prime day and a half was the biggest global shopping event in it history, beating out cyber friday and last prime day when comparing 36-hour periods. ugh, comparisons are here's what amazon said. prime members bought more than 100 million item, a record ande global sy small and medium-s medium-sized b

but ready to move on. “— up for dispute, ebay but ready to move on. —— debate. president but also to be a strong opposition to him and that is what a strong opposition party should do. in 2006, andres manuel lopez 0brador came very close but it is a long time in quite a while that a left—wing candidate has made it. how sick the ticket is it? it is a huge change and that is what the mexican voters have been looking. it is not since the 1970s since someone from the left will become president of mexico and this represents the fact that mexican citizens were fed up with the vidigal class, with how the pad and —— pan and pity our did not deal with corruption and security. there were two types of supporters for andres manuel lopez 0brador, some the true believers, who think it represents the type of change mexico needs, represent those left behind and fight corruption but others voted to him more because they were not going to vote with either of the other main parties, they are so fed up with them. they we re they are so fed up with them. they were willing to take so

we're watching ebay which has been cutting jobs recently. then there is good ol' ibm./4 of a percent. liz, we'll watch for any sales bumps in particular, the enterprise spending has been moving and growing. so earnings season is on. so far so good. over 80% of the companies have been beating. we're about 10% in. back to you. melissa: this market is on fire. the economy is certainly strengthening. i want to bring in craig hodges. portfolio manager at hodges fund. he is ripe with advice. we would thought we would bring you in today, jerome powell, the federal reserve chief, mentioned a few words about the tariff wars. but these stocks, overall continue to move higher. i'm just interested in your perspective about that and what we're seeing with the markets right now. we're within spitting distance of session highs for the dow and s&p is at five-month high. >> we're optimistic. these tariff wars, all the sabre-rattling gone along with it has taken down a lot of industrial companies especially some of these steel names which we really believe, steel will be in a much bette

when it comes to revenue i see 2.64 billion for ebay in the quarter.hat is slightly below estimates. as you see the stock is down some 4%. when it comes to revenue guidance for the year, we're still looking above 10 billion from what i see in terms of their guidance going forward and forecasts. q3 net revenue coming between 2.64, 2.69 in line what we're seeing. not much growth priced in. i assume that is why the stock is down close to 4 1/2%. david: big drop after-hours. melissa. melissa: the white house wrapping up a heated press briefing. the majority of the questions surrounding president trump's recent comments on russia. blake burman is live in washington to spell all this out. reporter: white house backing off concerns that the president and russian meddling this week. at one point dan coats the director of national intelligence said the threat from russia relates to election meddling is ongoing and pervasive. those were his words but the president today, there were questions exactly what he believes that from can dose because of this exchange ri

the bay area-based ebay is trying to one-up amazon prime day with exclusive deals happening the week of july 16th, the same time that amazon prime happens. the items are up to 80% off of the regular prices. and ebay recently announced the best price guarantee, and no membership required an free shipping on all of the ebay deal items as well. >> come up here on today in the bay, the fourth of july is over, but the fireworks are not. the reason that firefighters are still worried about illegal fireworkses in the south bay. >>> and plus, to the right, to the right. the changes taking effect this week or for drivers trying to turn left on one of san francisco's busiest streets. you are watching "today in the bay." >>> nbc bay responds. >> we help to solve your consumer problems. >> recovering more than $2 million combined. >> fantastic. >> continue taact us any time. >> we respond to every phone call and e-mail. area. taking a live look outside from >>> right now at 6:30 we are expecting a warm and pleasant day ahead here in the bay area. we are looking live at the plaza in downtown conc

. >>> a company planning to make changes in ebay and the reason behind the cuts. >>> have you reachedst people say they would like to buy a home and retire. >>> trading has been underway for a little more than two hours. the dow jones industrial average is up right now. the s&p 500 posting a gain as well. nasdaq slipping a little bit. but technology stocks in general have done very well, especially the on line sites like amazon. but ebay, 3 hand people are losing their jobs much the company announced that the cuts will come from the likes in san jose, san francisco and -- this friday and that includes some jobs at the san jose headquarters. ebay lost 1 and a half billion dollars in the fiscal year that ended in march. profits are down more than 60%. ebay faced more competition like amazon and even next door. >>> amazon said that prime day was the biggest shopping day ever. they bought 136 million produces. the sales are up 89% in the first 12 hours offer the same time last year. >>> wal-mart is making their shopping faster and easier teaming up with microsoft. microsoft will provide c

. >>> you can cash in o ebay's midsummer sale. the website is offeringcl ive deals with some items up to re80% oflar retail price. talking about electronics, outdoor gear and clhing. no membership required here and there's free shipping on all ebay items. >>> just scary moments for a familyaving a relaxing day around the house. shot throughbolt their home. it traveled through theew attic and wo holes in the ceiling. one was sitting in the living room when all this happened. >> the neighbor css the canal, it cam down the balm, shooting up the mud and the water. >> thankfully nobody in the house was struck. >>>vy h rain in houston fced holiday celebrations. some areas near downtown houston, will hit with four to rain.ches of the city's fireworks show wednesday on as planned. no one was allowed on-site. >>> last night, a few ominous clouds in thesky. by the time the fireworks came on, it was so night. a nice breeze going through. and you're thinking, it was totally different today. >> we had storms north and west of d.c. it's importa

ebay signaling it is losing momentum. sales will now be about $10.8 billion.predicting about $11 billion in april. ebay struggling in the face of amazon's relentless advances, also facing competition from brick-and-mortar stores. nba starred wayne wade has clinched a new deal in china, signing what has been described as a lifetime contract with a shoemaker. latest sportss footwear. financial details have not been released, although he has been with them since 2012. for breaking news wherever you are, bloomberg and twitter want tictoc by twitter, the first global network designed to social media. offering live video coverage. do jump on twitter and follow tictoc by bloomberg. ♪ rishaad: it is that time of the day where it is the battle of the charts. chris and mark are going to hit their best charts against one another. people can access their charts. who wants to go first? chris? chris: yes. i was inspired to make this chart by when i listened to one of the guests on the program aboutday who was talking this addiction to credit that major economies have, and w

if you want to comment ebay indicated this would not affect them. so my question is going to go to you it's also going to go to kurt bramble. i'm from texas. is a big state. so long ago we are discussing, we are talking about before wayfarer we are talk about bricks and mortar. what kind of context the businesses had in the state. now we've gone beyond that with criteria. so i just ask the two of you, what kind of impact is on our states now in the state of texas as we stand. and then mr. pincus if you would just give us the purpose of your thinking on your lawsuit and i would simply join with republicans and democrats to try and resolve this in a way that addresses our small businesses throughout the nation. our states that are dependent on sales tax. and as i said we are cutting so much out of the federal government, so what are we going to be able to pay our light bills with this tax bill that we haven't seen the impact from. but i really want to be able to help our small businesses. so mr. honorable past presidents entered a representative where

internet, se quieren quedar atrás por lo que compiten con el prime day de amazon, y una de ellas es ebay si usted cuenta con la membresía apenas hace unos cuantos 15 minutos comenzron las ofertas por internet siendo el día más esperado para muchos consumidores serán 36 horas donde usted como miembro puede aprovechar esos productos en línea de amazon y si no tiene la membresía puede ponerla a prueba por un mes te pueden dar un descuento para que estés en tu casa y compres todo >> cone sabitzer ofera es irresistible negarse >> ¿qué pasa cuando un arquitecto da rienda suelta a su imaginación? >> tal vez el resultado es una casa que parece que pudiera volar >> veamos los resultados ♪. ♪. >> escondida entre las montañas de santa mónica existe una obra arquitectóniac única en el mundo (hablan en inglés). >> la casa avión tiene como techo la sala de un boeing 747 y cuando alguien la ve por primera vez la reación es simepre la misma (hablan en inglés). >> la casa avión es obra del arquitecto david hurs, que nació con el diseño aerodinámico de las alas >> quería evitar una visión del edificio com

ebay is not on a steady course heading into the busy holiday season.s not only online, but also from brick-and-mortar stores. in thesome decline financial-related stocks today. bank of new york coming out saying basically it is spending more. it is spending on technology and other measures. it beat estimates but revenue growth is not what investors have been looking for. american express raises forecast, but not to above its previous range. its vapingis, products are not catching on as it hoped. device developing in japan will probably not pay off. companies that are reporting misses are getting punished more than they did last quarter. you are looking at the first quarter reaction to earnings-per-share versus the second quarter reaction, seem for sales. we see more deep decline -- same for sales. we see more deep declines. we will be updating these graphics as we go along. on the plus side, we have oil rebounding after recent rocky performance, and regarding sharply. it has to do with comments from saudi arabia, missing assertions .hat it oversupplied

recapping result your after the bell, ebay reported earnings. at the forecast, and fall short a little. the cut its net revenue for full year. its guidance was 1.4% below the average estimate. it's eps for the full year also not as high. it did not beat the average analyst estimate. we could say it did not top it. the stock was down 1%. it had fallen earlier as far as 1% -- 4%. talk about all of these tech "high flyers," ebay is not on the list read the stock is only up about a half cent year to date. -- half percent year to date. it has underperformed relative. 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. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. streaming must see tv has never been e

investors are worried that he by -- ebay is losing momentum.gave a lackluster sales cast for the quarter and lowered its forecast for the year. ebuddy -- ebay is trying to find its place in the shadow of amazon. more when we return. this is bloomberg. ♪ ♪ emily: mrs. "bloomberg techonology, i am emily chang in san francisco. crypto insurance. there aren't two many details -- there aren't many details on how this works. a is an industry worth well-deserved reputation for being like the wild wild west, an unregulated digital frontier. and as cryptocurrency blockchain technology slowly gain appeal and acceptance, insurers are betting that they can avoid the pitfalls. we are joined by chief commercial officer sunny tseng. how does crypto insurance actually work? >> we take it very seriously. we have had our insurance providers on it as well, and we think it is a necessary evil. you have to have insurance, as ashley with this type of money floating around. we raised enough money. we have a large new york equity firm that is focused on insurance, run

but ebay has indicated this will not affect them. my question goes to you and to mr. bramble. i am from texas. it is a big state. we were talking about brick-and-mortar and what kind of context the business had in the states. so let me ask you. mr. bramble, what kind of impact is on our state of texas now as we stand? pincus, if you were just give us the purpose of your thinking on your lawsuit. i will simply join with republicans and democrats to try to resolve this in a way that a jesses how small business -- that a jesses how small esses hows -- that addr small businesses will be able to pay their bills. i want to be able to help our small businesses. i yield. >> thank you. i cannot speak for texas, but i can say in you -- in utah, after the wayfair decision was handed down, it did not change our tax structure. we did not have a stretch of tory framework -- have a statutory framework. this was compliant with the agreement. but the challenge to small businesses in utah, and we've heard today about women and minorities in businesses, those are being challenged. the people who

ebay has lost more than $1.5 billion in the fiscal year that ended in march. its profits are down 60%. prime day brought in big bucks for amazon. sales are estimated at 3.4 $3.4 billion for the 36 hours the of deep discounts. almost immediately there were problems though that kept customers from using the website app and digital voice assistant for about an hour. by the end of the day a record high and jeff bezos became the richest man in modern history. >>> build-a-bear is now recovering after the disastrous promotion of pay your age last week. children 14 years and under can come in and buy a pay your age bear any day of their birthday month. parents need to register for their children to take part. >>> apparently won no one's last night's $375 million jackpot. 0 here's the numbers again. once again, no winner lats night so start your office pool now because friday night's drawing looks like it will be worth 422 $422 million. 0. >> i will invest in it again. i didn't win. >> we're glad you're here. >> i'll give you the exclusive and bayou a car. >> i'm not t

whether on ebay, walmart, target so many retailers, including retailers lobally. the site is back up and running. consumers who didn't see what they wanted yesterday will come back they are curious they'll spend 15, 20 minutes on the site skoaling throu iscrolle and add things to their cart >> one last point here prime day is prime day it's a 36-hour event what's the biggest risk to your mind from an exkulecution standpoint what is the one thing that could rerail all of the amazon succ s success? >> one thing not talked about is the lack of regulation around the third party sellers in particular what we ended up seeing is a lot of rogue sellers who don't sell high quality merchandise it can be anything from merchandise that falls apart or doesn't work when you get it often because it's coming directly from china to counterfeit products in the united states the ftc does more to regulate small sellers at garage sales than it does to regulate any third party sellers online if donald trump wants to stick it to some of these larger e-commerce sites to do something arou

. >>> ebay is cutting hundreds of local jobs. the online retailer eliminating 300 jobs in brisbane this friday including jobs at its san jose headquarters. ebay has lost more than $1.5 billion in the fiscal year and profits down 60%. amazon is bringing in an estimated $3.4 billion and counting for prime day. amazon prime day seems to have been a success. the software company says sales were up 89% in the first 12 hours over the same time last year. >>> walmart is taking steps to cut expenses at brick and manaforter stars. the retail giant teamed up with microsoft in a five year deal. they will provide services to eliminate cashiers in check outlines from stores. both companies are battling amazon for market share afrjt the food and drug administration is warning dog owners about certain types of dog food that may increase the risk of developing heart problems. >> what veterinarians are saying about it. >> many dog owners get the same advice. >> he's supposed to be on grain free diet. >> but now the fda has a warning about some gr

express on the rise, 21% rise in quarterly profit, and ebay, saw second quarter profit rise, 7.7% and 175 million global active buyers. >> great. liz: coming up, the man who is trying to block the california law that lets illegals get driver licenses. this after his son was killed in a collision with an illegal in 2010. >> also tonight alexandria ocasio-cortez now calls for abolish i.c.e. protesters to occupy the borders across the country. and the backlash in the democrat party against the her. >> jobless plate, unemployment at -- generation allows, former president obama is pushing ideas, you are not going to believe what he is doing. steve forbes will react to that after the break. [music playing] (vo) from the beginning, wells fargo has supported community organizations like united way, non-profits like the american red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new

police are looking for the suspect in these surveillance images from ebay fair station center. they say he punched him in the head and that men died. inctio dnesday at the pleasa r- bart police admit they are stretched thin. they say their 26 offers below over 2 million passengers a week. there are now working cameras in every car and officers have increasing patrols. >> we try to protect our workers and or passengers. >> at the end of the day we want to go home to her family's also. >> reporter: the bart union president says she would like to see a passenger alliance to help them push through more safety measures in the future. >> meanwhile our writers are welcoming -- remembering -- meanwhile bart riders are remembering nia wilson and say the killing touched a nerve. th six days a week at all different times. >> the murder suspect john lee cowell is due in court tomorrow morning. >>> police are looking for a gunman who killed a man in san francisco's mission district early this morning. the shooting around 3:00 a.m. left one man dead and another with life-threatening injuries

familiares de las vÍctimas de la masacre de las vegas el aÑo pasado, la administraciÓn del hotel mandala ebayegerse de acusaciones legales en su contra. asÍ comenzamos "ediciÓn nocturna". ♪ este es su noticiero univisiÓn " ediciÓn nocturna" con enrique acevedo y patricia aÑÓn. patricia:donald trump se empeÑÓ en dar explicaciones y cambiar la versiÓn de lo que dijo ayer, estando junto al presidente ruso. ayer, trump asegurÓ que no hubo intervenciÓn rusa en las elecciones de 2016 en estados unidos, dÁndole la razÓn a putin por encima de las agencias de inteligencia de estados unidos. esto motivoa fuertes crÍticas de polÍticos de ambos partidos. janelnos cuenta lo que dijo trump parÁ calmar las aguas. janel: el presidente dice que unas simples letras son las culpables del escÁndalo que desatÓ la conferencia de prensa con vladimir putin. en una oraciÓn clave" dije podrÍa en vez de no podría", dijo el mandatario como justificaciÓn. razÓn de por quÉno habrÍa sido rusia la que interfiriÓ en las elecciones presidenciales de 2016. trump no se disculpÓ durante la reuniÓn con congresistas republicanos e

finally, ebay is having its were saying about two weeks. he was a chart where we see the stock down about 1.7% on a downgrade over suntrust to hold on that recent online scotus ruling that the second quarter will be ok but longer-term could hurt gross suggest -- gross merchandise volume. ebay is down for the were saying about two weeks. shery: no one wants to pay taxes. tliv for that. coming up, president trump has made his pick for the supreme court. now he has to be confirmed. we will ask senator tillis on the judiciary committee about the process. this is bloomberg. ♪ ♪ power.this is pounds of i am david west -- this is bloomberg: balance of power. i david westin. shery: i am shery ahn. joinedrett kavanaugh vice president hands and mitch mcconnell as he made the rounds on capitol hill, holding meetings with senators who support his confirmation. mitch mcconnell says while the expects them up as to grill kavanaugh on his decisions and hypothetical cases, he discourage them from doing so because he says it shows disregard for actual cases

ebay and netflix lower as well. with the exception of ebay, it doesn't appear to be on any news.l be reporting it second quarter next monday. investors, analysts very positive about that. ebay has been downgraded to a hold at suntrust. citing the recent tax online decision -- on the long-term, that could weigh on ebay. another stock weighing on the nasdaq, shares of health care stock, lower all day long, down 4.7%. this comes on a downgrade at citing a business model shift and the possibility that big tech names could incrementally eat into the company's growth. the same analyst had been positive on quest diagnostics. while the nasdaq maybe year,onally lower, on a it is a different story. averages and the incremental averages very volatile on the year, flipping between gains and losses. now, the nasdaq in white leading the way, up 12%. the russell 2000 and purple right behind it. there in yellow on this trade war -- investors buying that news. it was less bad than some investors were thinking. julie: we will see how it evolves over time. mark: supreme court nominee brett kavanaug