>> you know what's growing faster than ecommerce in the u.s. ecommerce in china more and more people are trying online marketplaces for their shopping needs that means if you want to do business in china, you really need a digital presence. which brings me to bal zun, which trades here. the ticker symbol is bzun, one of the leading ecommerce provides of solutions. it will analyze consumer dat a. they have huge customers microsoft, panasonic, j & j, philips, levi strauss, haagen-dazs just to name a few if you want to do business in china, you have to go to bal san. tyler in new jersey asked about those on july 7th. bal zun saw the call in the show this is the second ceo who appeared thanks to fabulous callers. let's take a closer look with vincent chu to get a better sense of how his company is doing. welcome to "mad money. good to see you, sir. >> good to see you, jim. >> have a seat. >> thank you >> let me ask you something, vincent, if i may call you vincent. i have always marveled some companies do incredibly well in china, for instance, nike. i see that as a customer of you. what

and it's really broader than ecommerce.t's all consumption related you know, supply has been very disciplined in the last couple of years, and demand has been really strong so the combination of those two have made the best market of my career. >> wow that's saying something. i know the previous quarter there had been some concern there was going lot more building and that didn't happen this quarter, right? >> yeah. you know, there were some starts ahead of our expectations last quarter, and we'll really see the effects of those early next year but, of course, we sounded the word of caution and that extra supply did not keep up this quarter so i think we'll be fine we actually could use more supply because i think southeast demand today is constrained by the lack of availability of space and some more supply could help with that situation >> let me ask you about that i was going to ask you a question about how you differentiate. in a perfect world a developer should go the bank, gate loan and put up the property because the

so if you want to play on global growth and ecommerce growth, that's your way. >> maybe we should be talking about the transports more than we are, which are at a high. >> i think they have stealthily crept up the numbers that john are talking about is pretty important, that this isn't just something speculative, it's actually supported by the economy. i think in that regard, look, we still see a lot of job growth. wage gains aren't as great as we would like to see them, but they're positive meaning people have money to spend. they may not be spending it in the traditional way of brick and mortar stores, but they're spending it and those goods need to be shipped. that's good for the transports >> what if this whole move to value is nothing more than a head fake. just like everyone got excited when that initial big tech, high-growth, high-momentum tech started to sell off. maybe this is just, everyone's going to come back to work after the holiday. job report this friday, people are going to trade some of these stocks >> obviously, i pay attention to this here are some of the numbers

the company delivered more ecommerce packages leading to stronger than expected profit and revenue. they left their guidance unchanged and that disappointed investors. shares off 4% at $107.79. with demand for barbie dolls and fisher price toys caused mattel to post disappointing sales. the toy maker did note it saw strong sales tied to the cars 3 franchise. mattel posted a wider loss. shares initially fell after hours erasing a nearly 2% gain from earlier when shares closed at $21.30. and the video game publisher electronic arts topped revenue estimates but the company gave a weak sales outlook for the current quarter. e.a. said the higher sales of the games battlefield 1 and the sims helped earnings beat street targets. initially shares dropped after hours and also ended the regular section down a fraction to $117.60. >>> finding skilled labor is becoming an increasingly burdensome target for main street. it's making it difficult for small companies to find talent. in her latest installment of "small business matters," kate is in denver with how entrepreneurs are dealing with the

and we'll be getting the inside track on alipay, the chinese digital payment giant owned by ecommercelibaba. the ceo will be joining us later. and as jay—z‘s digital—only album goes platinum in under a week we want to know, what was the last physical album you bought? let us know. just use the hashtag #bbcbizlive. welcome to the programme. in a few hours‘ time, the eu and japan will sign off on a major trade deal in brussels — covering everything from cars to cheese. it comes despite doubts around the world about free trade deals and the rise of trade protectionism in the us under the trump administration. japan and the eu account for about a third of global gdp — that's over $21 trillion. both sides believe their trade relationship has room to get even bigger. eu officials say the deal will boost the eu economy by 0.8% and japan's by almost a third of a percent. among the big winners, the car industry. the eu will scrap a 10% duty on japanese car imports, while japan will remove barriers to entry for european automakers. the deal‘s also very symbolic, partly because of brexit — europ

we launched with one retail store at an ecommerce site and they said that was absolutely the wrong way it. if you have conviction and you go with your gut and you believe you're answering a need, that's when it works. >> in 2015, "forbes" listed birch as the 73rd most powerful women in the world. behind the scenes, she knew her company was starting to suffer from growing pains. >> every ceo i had spoken with had told me about this inflection point and i didn't buy into it until i just had this feeling that things were different. things were happening. technology was taking hold. and we needed to really address the next ten years of our business. it was about putting in the right infrastructure. putting in the right systems. looking at our team which was hard because i'm a really loyal person. but some people are great at different parts of your business and you need to look at and pivot into different areas. it was probably the hardest thing i've ever done. you have to be a leader. you have to have your team believe in what we're doing. and it's not always easy. but i think if you're n

. >> wingtip started in 2004 as an ecommerce store curated by ami who always appreciated fine wines, cigars and fancy clothes. after a few years, he had enough funding to open his brick-and-mortar store. in 2010, he started the members only club. was it scary for you to make the investment that this club required? >> i would say it was an educated gamble. >> educated, because ami had developed an incredibly loyal customer base at the store, one that he turned to to recruit the founding members of the club. >> i sent out an e-mail on a saturday morning to about 40 of our best customers, very high-level explanation of what we were trying to do. i asked for $1,000 per person and i need to know by tomorrow. we got there. >> roger to join the club? >> it was the people, just the overall thought that went behind their front line product. >> roger is an ideal member and shopper. >> i've tried this on for two months. >> really they're all one in the same. when you join the club, your dues goes towards a credit at the store. >> all the things we sell are part of the modern gentleman's lifesty

ecommerce continues to sky rocket. we're about 360 million parcels last year. and significantly increased this year. so very, very difficult in that environment. and as well as on a southwest border they hide in the numbers. i think we have dedicated men and women using all of the tools that this committee and others provided us. we are effective. but there is stuff that gets through no doubt. >> what's your sense actually i think it's important for people to realize that coming from china through ecommerce -- what's your sense of the percentage coming through that versus coming up through the border. >> i'm not sure i have a percentage. i can tell you though that the testing that we have done, the purity of the chinese fentanyl come through the mail i and the express is very close to 100%. it is very, very strong, very deadly. the purity of the fentanyl coming from the southwest border is much less. still a very significant threat but you've got two different challenge attention that you're dealing with hopefully with the engagement with the international part

. >> yes, this is a basic security provision that anybody involve would in ecommerce uses.on and you make a credit card payment and go to obama campaign website and buy a sweatshirt. you have to give credit card number and cvv. and the reason they do that is to prevent fraud. and stop graud transactions. it is very, very important. in the political space, you showed those 99s and a lot of democrats don't use the cvv, and hillary clinton to her credit did. and less than ten percent of the professional democrats use the security on their campaign website. and so it is easy to track whether they are getting fraudulent donations or not. and in the washington eight. obama received tens of thousands of illicit donations this week and so it is it a real problem. >> i am pointing out a double standard and a dnc paid operative and ukrainian embassy and reported in political co on top of the uranium one deal and she signs off on giving vladimar putin and the russians 20 percent of our uranium. >> it is very simple. we'll pretend that president trump gives 20 percent of the uranium to

the ecommerce giant is looking to fill more than 50,000 jobs across the country.ers for positions at ten sorting centers at amazon jobs day on august 2nd. they will be full time. many in packing, sorting and customer service. >>> it was a record breaking day on wall street. >> the dow, nasdaq and finished with record highs. >>> a special fleet of food trucks is making its way around san francisco treating the lunchtime crowd to a sweet delicacy and for free. through mid-august, these united airlines food truck will be roaming around town. they are handing complimentary crumb cakes. the trucks will make daily stops in the truck district. if you're wondering why, united says the give away is being done to celebrate non-stop flight between sfo and munich, germany. >>> how about the heat? >> we have 90s inland and 60s at the coast even though the fog is roaring back to the coast as you can see right here on our live doppler 7 radar image. let's take a live view from our east bay lihills camera. this area we have sunny skies but there's some fog along some parts of the

let alone ecommerce or sports merchandising beyond trying to use the company's throws of data on 500on shoppers to figure out who should we target as to certain merchandise based in the purchasing histories or whatever based on where they live or whatever. if you bought a tennis racket somewhere in northern china, we can send you data on all the stuff you can sign up for online, all the way down to the local level online court times, coaching and that anything. oliver: there obviously are a lot of tools alibaba has to figure this out, but they are kind of battling an uphill game in which the chinese market does not spend a lot on sporting goods. they are virtually selling the sports fans, but also trying to create sports fans and get people excited about was happening around them. jeff: it is relative. i mean, the company sold or moved about 76 billion yuan worth of sporting goods related merchandise, about $11 billion u.s. so it's not like it's nothing but that's about 1/10 the size of the u.s. market which is a lot smaller people wise. carol: president trump rethinks his nafta stra

let alone ecommerce or sports merchandising beyond trying to use the company's troves of data on 500 shoppers to figure out who should we target as to certain merchandise based on their purchasing histories or whatever based on where they live or whatever. they are going far enough down to the local level to say, well if you bought a tennis racket , somewhere in northern china, that we can send you data on all the stuff you can sign up for online, all the way down to the local level online court times, or coaching, or that kind of thing. oliver: it seems like alibaba has a lot of tools at its disposal to figure this out, but they are battling on uphill sort of -- an uphill game in which the chinese market does not spend a lot on sporting goods. it seems like their project is fansrtually sell to sports but that also kind of create sports fans and get people excited about what is happening around them. jeff: it is relative. i mean, the company sold or moved about 76 billion yuan worth of sporting goods related merchandise on his platforms worth about $11 billion u.s. so it is not like

the king of ecommerce, the company is piling up sales. its revenue up 25% to $38 billion.ts profits plunged over 70% weakest quarterly profit in two years amazon just keeps spending lots of money on growth. it's all about growth for amazon. plans to hire 130,000 new employees by the middle of next year! shares in those firms are moving lower. a lot of tech weakness again for the second straight day. so the market is opening lower today. let's go to the big board see how we're doing so far. dow down about 25. nasdaq down 13. s&p down 4. intel and chevron are earnings winners after their results. back to you guys. >> thank you. >>> here's a live look at some of the prep work under way to get the gilroy garlic festival ready for hungry visitors. >> fire it up! whoo! >> looks good. >> there it goes. >> the celebration of all things garlic starts at 10 a.m. look at the flames. tickets to the festival $20 a day for adults. garlic bread, garlic fries and garlic ice cream. i want to try it. caltrain is offering a special charter train to the event. the dollar is valley transportat

with that ipo price of $10 a share >> today on the eve of prime day, i guess you've got to look to ecommercely doing better than amazon, ul nearly 2.5% >> and paypal got an upgrade >> blue apron is up for a change we've been monitoring this one since about -- >> i know, i was joking in the break, never trade hungry. hopefully those who are long it will do well now back to headquarters for the half >>> welcome to the "halftime report." i'm scott wapner taking sides the report on where the stocks will head from here and whether the risks to the rally are growing or just growing tired. with us for the hour today, josh browne, jim leventhal, erin brown is with ubs o'connor also with us from minneapolis, pete najarian. let's begin with the markets and a flurry of forecasts the today over where your money will work best in the months ahead teu can see stocks somewhat

isn't it the ecommerce that's moving the amazon story? isn't that the main engine >> that's the main engine. where they make money is where i'm looking. >> let's get to seema mody. >> this was a deal that would have taken it private. according to sources gnc has failed to raise finances the deal the companies were discussing would have been structured as a leveraged buyout and counted as one of the largest deals in years given ca's market value of $14.6 billion. >> thank you so much let's go now to sue herera who has breaking news on the case against billy walters. >> indeed. the legendary sports gambler and the acting united states attorney general releasing this that billy walters has been sentenced for the $43 million insider trading scheme involving dean foods he was sentenced in the -- to five years in prison for committing insider trading from 2008 to 2014, principally relating to trading in the securities food company. as you might recall, basically he got some inside information, that was the allegation, from thomas c. davis who w

i'm a little bit surprised that you are in favor of this idea that ecommerce companies should collectax equally from everyone talk a little bit about your reasoning behind that. >> i'm not sure that you've correctly stated my position >> did i not please clarify. >> i support the supreme court's ruling that states can tax economic activity in their states, but not if you buy something from another state if you buy coca-cola from another state and drive into the state, there shouldn't be a sales tax on that. if you buy something that's shipped in amazon is now paying taxes in the 50 states on its sales because they have a physical presence they're building warehouses and stores in all 50 states. when you have a physical presence, you pay sales taxes. if you're physically there, you pay income taxes but there has been a move by incompetent states to want to export taxes out of their state to businesses and individuals in others states and they should not do that. the goal is not just sales taxes, they're very clear, they want to export corporate taxes they want to say, hey, bezos, you s

compliment that with what we're seeing with ecommerce and amazon i think it continues to go higher i'mhanging the trajectory, up >> steph, we'll get to you in a moment with csx, but what about fedex. stay with it >> i own it, i like it, i've been adding the last two weeks or so. they had a great quarter and i think it just got overlooked, actually they have a great story to tell in terms of tnt and synergies. but they're also doing a good job on ground margins and improving those marks. and if they can get those up, your earnings power is substantially higher >> one of your big winners was csx, up 14.5% since the middle of april >> yes, since hunter harrison was announced to be the new ceo. and he's just a proven winner, a proven restructuring guy >> from pacific. >> yep and he's going to do the same thing at csx there's no question about it he's got a huge cost-cutting program, operating ratio to get down below 60% this is an earnings power story of $3 to $4 a share. it's still cheap i prefer union pacific, because it's lagged, but i do like csx >> all right, pete, give me a read on t

>> today on the eve of prime day, i guess you've got to look to ecommerce ebay actually doing better than amazon, ul nearly 2.5% >> and paypal got an upgrade >> blue apron is up for a change we've been monitoring this one since about -- >> i know, i was joking in the break, never trade hungry. hopefully those who are long it will do well now back to headquarters for the half >>> welcome to the "halftime report." i'm scott wapner taking sides the report on where the stocks will head from here and whether the risks to the rally are growing or just growing tired. with us for the hour today, josh browne, jim leventhal, erin brown is with ubs o'connor also with us from minneapolis, pete najarian. let's begin with the markets and a flurry of forecasts the today over where your money will work best in the months ahead you can see stocks somewhat muted today. dow is up about 20 points. s&p and nasdaq in the green, as well but it's getting on the street morgan stanley with a note that says sticker shock things look expensive. you have some on the other side, too, but where are we today in the

. >> imy >> well, look, there is big, big changes going on for many years to ecommerce more people are buying online than in stores having said that, i don't think it's reasonable to expect the in store experience to go to zero. >> you pop into some of these stocks that are getting hammered today or no? >> yes, i might. i'm not going to today i haven't done my research on home depot, but i'll tell you bluntly, i don't think home depot is going away. >> do you have to do a whole bunch of research to know if you're going to buy it >> i do a lot of research before i buy a stock. having said that -- i don't want to be sanctimonious. >> home depot is not going away. down 7.4%. >> i just got a text from wyse, he says you're wrong. >> you're talking about a company that's taking 1.8 billion to 1.2 billion shares. even if earnings are flat, even at basis they're going to earn $75 billion of revenue cap ex is 2.5 billion. they have a total flexibility. the question is short term market dynamics. more importantly for me, at what point does somebody step in and say, hey, wait, jeff is being too d

the ecommerce giant declared july 11 will be fun day, but the saves start earlier. day of deal kicks off at 9:00 p.m. on july 10th. for 30 hours it will slash prices on a wide variety of items for its prime membership customers. >> technically speaking, instagram has rolled out a new tool to crackdown on internet trolls cruiser have a label high offensive comments. it hides sexually explicit or offensive comments from anyone's view except for the person who posted it. it's meant to keep trolls from working around or block or hide their posts. >>> sony music entertainment said it will start pressing vinyl records. they stopped making them in 1989 when cat discs became the rage. many music fans are spinning the black circles. sales could reach $900 million. >>> love it. >>> posh -- porsche has unveiled their new 911 it has a turbo charged 700-horsepower 3.8-liter 6 cylinder engine. if you're not a gear head it can go from zero to 60 miles per hour in 2.7 seconds. it can reach a top speed of 211 miles per hour. too fast for any of our roads like the schuylkill expressw

it will rank behind amazon and walmart and ecommerce.i this year, a 31% increase from last year. that includes big names like gymboree, the limited and radio shack. if qvc can buck that trend, it will be due to loyal viewers who enjoy the home shopping experience, online or on-air. >> shopping at qcv and hsn, for some people, is like a competitive sport. they like sitting there and wafing the programming for hours. >> house holds that decide to give up the cable tv. $14 billion in annual sales. no $15 billion. a billion there. a billion here. >> you have hsn on one channel. qvc on the other. >> same pipeline. >> it's entertaining. >> it is. >> i like to watch it. >> sheinelle, thank you. >>> coming up, carson's in the this sounds redundant, controversy on capitol hill. >> that's right. the hottest debate in washington these days. not health care. not tax♪ showing up in your beat up truck ♪ ♪ and now i'm sure it's more than a stroke of luck ♪ ♪ yeah, i love you, do you love me, too? ♪ ♪ yeah, i love you, do you love me, too? ♪ ♪ clap your