right now global giants like amazon google or facebook can decide themselves in which country they tax their profits or regulation the u.s. in particular would like to preserve the paris ones profits that are made in france to be taxed in france and it's determined to enforce that. the american proposal for a solution which companies choose whether to be taxed or not does not convince me if i haven't seen a lot of companies that freely accept being taxed i've always counted on everyone's philanthropy but i'm not sure that with regard to public finance it goes a long way so an optional solution obviously will not be acceptable for friends or it so you see the partners do see do the organization for economic cooperation and development is currently working on a proposal for an internationally agreed minimum tax for globally active companies but france plowed ahead this summer with its digital tax other countries like italy plan to follow suit and that has provoked the americans into retaliating with import tariffs on french products. if you double your financial correspondent yes court i

amazon, apple, google, they all want to streamline your devices so they can get along together in your home. is this move to help you the consumer or fatten their pockets? by the way, do you even trust them? this is not a gender wage gap, it's a crater, a woman would have to wait 250 years to wait as much as men. all that and so much more on making money. ♪. >> the senate exists for moments like this. that is why this body has the ultimate say in impeachments. >> i heard some of what mitch mcconnell said today, and it reminded me our founders when they wrote the constitution, they suspected that there could be a rogue president. i don't think they suspected we could have a rogue president and leader in the senate at the same time. neil: charles: house speaker nancy pelosi and senate majority leader mitch mcconnell facing the nation less than 24 hours after democrats voted to impeach president trump. now the white house is gearing up for a trial. what will be their line of defense? we'll now talk with the chief of staff to vice president pence, mark short. mark, thanks for joining us. >

companies like google facebook amazon and apple which have traditionally been able to keep their foreign tax bills low the tax when it comes into effect will be backdated to january and cover 3 percent of the company's profits from selling advertising and data the french government is hoping it will bring in around half a 1000000000 euros a year but washington says the tax unfairly targets american companies and if the u.s. makes good on its tariffs threat some $2400000000.00 worth of french imports would be hit. already even though the dow jones could recover a little bit we're still seeing tough times there where go to new york where our financial correspondent yes carter is waiting yes we have been talking about the end of the u.s. china trade war for months now what do you make of that statement but on top. yes no yes no i mean this game is going on for ever and that's how it seems well what we know what i heard is that the u.s. president donald trump for quite some time maybe had the intention not to necessarily settle the trade tension with china before the election because the u.s

oh but the silver screen seems to the out done by real life the silicon valley 6 amazon netflix apple google microsoft and facebook have a combined market capitalization value of roughly $4.00 trillion dollars they are worth more than the $1000.00 companies listed on the london stock exchange these companies have a special knack for not paying taxes according to the fair tax mark community group they seem to have avoided paying roughly 100000000000 dollars worth of taxes around the world now how exactly did they pull this off let's look at the details now the report says that amazon paid only $3400000000.00 in taxes this last decade while they made a revenue of roughly $916500000000.00 and made profits of roughly $26800000000.00 fair tax mark said this means amazon's effective tax rate was 12.7 percent while the standard tax rate for american businesses was 35 percent for most of that period amazon has gotten a lot of heat from u.s. politicians over tax issues both trump and the democrats seem to disapprove i have nothing against amazon but no company pulling in billions of dollars of profit

products in retaliation for the so-called gaffe attacks this is a tax on digital joints such as google amazon or facebook and apple suggesting it will levy those taxes of up to $2400000000.00 some of that product such as champagne on luxury goods such as handbags and also the famous french cheese some of these products could see taxes of up to 100 percent doubling that price for u.s. consumers now the u.s. trade representatives office has said that this so-called gaffa tax is discriminatory and trumpets hey try to gauge that tax saying frogs will not be taking advantage of his watch. your friends puts a tariff. again these are companies that are against you know who are good for you if i read the papers correctly or whatever we're going to be we're going to be this supposed to be very powerful and you know what so maybe they're not so her but there are companies i don't want to bridge trashing american companies if they're going to be taxed it's going to be. taxed their wealth of france is part they think that they have a right to the slice of the pie of the profits of these big digital giant

here is thissue negotiation going on about some sort of tax -- fair tax for google, amazon, facebook, these large tech companies spread across the world. they are working on how to resolve that. meanwhile, this is the ut behindat playing o the scenes. amanda: that digital tax has been floated here as well. in terms of what is happening at nato, spending on defense is very much on the table. there has been a fractious this u.s.' approach to nato. he was in the position to defend it because of president u.s.' is remarks. to be a good meeting in terms of the cosi -- cohesiveness of that organization? laura: you see a lot of money fights playing out on the nato front, digital tax front, everybody looking at these large saying i should get a bigger slice of the pie. saying i should get a bigger slice of the pie. it does not bode well for the agreements on the digital pact. they hope to have an agreement with 135 countries by the end of next year. that is moving slowly. still some optimism they could get that resolved. that would repeal the french tax. they would back up from that if there

we heard about amazon, apple and google forming an alliance for smart home devices because we are gettingtalk to our gadgets. what are they going to our gadgets. what are they going to do about it? this was a surprise, actually, but it is good to see and it is good for the consumer. we will see the major manufacturers coming together to build a standard that allows smart devices in the home to talk to the various smart assistance that we can buy. let's get a word on business, tilted toilet. standard toilet has designed a toil that sla nts toilet has designed a toil that slants at 30 degrees so it causes so much strain on your legs after a few minutes that you are in pain. is this a good idea, what do you reckon? i think it is a great way of understanding a company before you join. go to the toilet at the interview. it is a great way of quickly knowing what your boss is going to be like and the culture. so i get you are not for this? no, i think it is a bad idea. it is making your employees feel uncomfortable in the workplace. that can never be a good thing, surely?” the workplace. that ca

the digital world, just as you have seen google and amazon pull away, as we look in specific categoriesf e-commerce, we see the same thing. who in your opinion has been struggling? who are some of the losers who have not been able to keep up? stephen: when we look at companies who had a big boost from black friday, it has not always been a positive story. victoria's secret, forever 21, gamestop when we look at our data, we sometimes call it the trifecta. a big boost around black friday but a big boost also in paid search. and they had falling faces. that is a trifecta that is tough rebound from. incorporatedo you hannel,se of the omni-c whether it is curbside pickup, great delivery service. dan: it is all about the cost of getting an incremental customer. if you look at amazon, it is all about prime. once you are in that ecosystem, you will spend incrementally more. nel,s around the omni-chan it is not just what amazon is focused on. that isat every one chasing them is focused on. you are seeing across really the landscape here. taylor: dan, you cover apple, so i would be remiss if i le

like amazon and google.nch president has already on global techax that collect 25 million their brick-and-mortar peers. i got more from laura davidson and washington, d.c. laura: they , monday. are looking at a tax, saying the consumers in france are not necessarily paying for the service but that the consumers are there and france should get a piece of that pie. france was the first to take that step and you are seeing a lot of other countries, the u.k., new zealand looking at passing those laws. in some cases, we have seen more of these get on the books. this is concerning because the u.s. sees this as their tax revenue. these are american-based companies, and they are saying, if anyone gets to tax facebook, google, amazon, that is us. taylor: it is interesting how the conversation started. has the conversation shifted now to an antitrust or data privacy concern? laura: that is part of the concern, but really, the big tension point is you get the u.s. saying, look, you don't get this money. all of the othe

these are american-based companies and they are saying, , if anyone gets to tax facebook, google, amazonus. taylor: it is interesting how .he conversation started has the conversation shifted now to an antitrust or data privacy concern? laura: that is part of the concern, but really the big , tension point is you get the u.s. saying, look, you don't get this money. all of the other countries are saying you are , operating here, you have employees here, our residents are using the service. what we have seen at the large multilateral level, you have 133 countries sitting down and trying to see if they can figure out some system of which company gets to tax which company's portion of their revenue. on one side of the other, you have the u.s. and france. france saying, we will abandon our digital tax if you can get 132 people to agree to something. taylor: how does the u.s. respond to protect our entrepreneurial spirit in the tech sector? laura: that is something we are waiting to hear about today. the u.s. trade representative has been looking at this. they opened up this investigation to s

french products in retaliation for the so-called for talks this is a tax on digital joints such as google amazon or facebook and apple suggesting it will levy those taxes of up to $2400000000.00 some of that champagne on luxury goods that just handbags and also all the famous french cheese some of these products could see taxes of up to 100 percent doubling that price for u.s. consumers now the u.s. trade representative's office has said that this so-called gaffa tax is discriminatory and trump escaped out to gates that tax saying fronts will not be taking advantage of his watch. friends say terrorists are on our companies. companies that are against you know they were against me if i read the papers correctly i don't know why they were against me but they were give me the supposed to be very powerful and you know so maybe they're not so hard but there are companies i don't want to bridge gaps in american companies if they're going to be taxed it's going to be the united states we're taxed while the front says paul they think that they have a right to the slice of the pie of the profits of these

thet: on the cell--- on isl-side community, it amazon, facebook, google in no particular order. azon, followed by facebook followed by google. they are investing a lot of money in same-day shipping. what is the return going to look like? ineel we will see returns the first half of this year with growth in some shape or form. perhaps investors can give them a pass on margins. the second debate is, can amazon hold its market share in the cloud? i think that is the biggest kind of debate. 6, 12, 18r the next months, what amazon has been doing from machine learning, mega workloads that migrate to the cloud from mainframes and very old data centers, that is where amazon is doing a lot better compared to microsoft and google. that is where i am willing to bet that amazon again steps away from the cloud and continues to hold market share. taylor: picking the other two favorite children, facebook and google, i am showing a chart that is total ad revenue, google and facebook clearly number one and number two. are those the best two poised to benefit from a very constructive ad spend marke

unfairly excluding its rivals, whether amazon is treating independent software service providers differently if they also use other cloud providers like microsoft or googleose are the sort of market practices that the ftc will likely be looking into, and we will see if they find anything. taylor: any sense on how amazon has been responding to this? naomi: amazon has not publicly commented, but we do see them talking more publicly about their cloud business. they have shown no signs that they are worried about this at all. so it seems to be at least publicly business as usual for amazon. taylor: does any of this have a real impact on the fundamentals of the business? how are these headlines impacting earnings or the share price? >> i think that the antitrust risk at this point is priced into amazon shares, which have pulled back year to date compared to the overall market. or the retail performance year-to-date, amazon has not done as well, and it is because of this overhang. one of the risks amazon has faced is the overhang from antitrust. in terms of the stock price, there is an overhang on the stock, but in terms of the overall operations of the compan

lara: earlier this year, fran said we would tack big tech companies, google, amazon, facebook. companies are not using tax. we will put this taxon and you've seen several other countries follow, italy, austria, turkey. the u.s. said this is not fair. we will look into putting tariffs on you. we did this report that came out last let night and found out the tax france put on was discriminatory and said we will tack sparkling wine, makeup, cheese, quintessentially french products. this was expected but you see unlike some of the other tariffs that the business community is behind this. you have tech companies saying we think this is good movement by president trump and his administration. david: it is good because france is trying to do it all on their own. at the same time, people agree there is a global issue, especially with the tech companies because they situate in the lowest tax areas. oecd is trying to address this. what are the prospects of a global solution and is the united states in favor of that? laura: the u.s. is pushing strong from global solution. they have gotten

so amazon, google, they own a platform which is pretty cool, right? ybody comes to buy and sell and do the searches. and at the same time they own a bunch of businesses who are competing coming to amazon in order to sell their goods. they don't just compete straight up. they compete while trying to keep all of that information from every one of those companies and then decide i'm going after you, after you, i know what kind of volume to charge. it's a little like being an up pair in baseball and owning a team. my view is you can be one, be the umpire or, two, own the team. >> you dropped this plan today. this is your first big tv interview about it. let's take a look at the reception about it. >> elizabeth warren going after big tech companies. >> rolling out breaking up amazon, google and other tech giants. >> this is the toughest plan we've seen all day today. >> huge shakeup in the tech sector. >> it's big, it's bold, it will be difficult to achieve. >> could she really force this type of breakup? >> what's the answer? >> the answer's yes. let's be

international community it saw as failing to adequately tax the billions in dollars in sales made by google, amazon earned in france from digital services that's due to come into force on january 1st and will last until an international agreement is reached. the new levy is expected to bring in $550 million a year for france, mostly paid by us tech firms. facebook has such unilateral measures are damaging to the digital economy. while amazon announced 10,000 french businesses selling on the site will be subject to extra fees. the levy has also upset president donald trump who says us companies should be taxed at home and threatened tariffs on french wine. the united states' trade representative has been investigating france's digital services tax. it will release its finding and announce any possible retaliatory measures on monday. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is roni savage, founder and managing director ofjomas associates — an environmental and engineering consultancy. thank you forjoining us. good morning. do you w

there is movement against google and to a lesser extent amazon, but facebook is the company regulatorsng at in the eu, parts of asia, the united states, both parties here, and it is true, despite the fact they had a pretty good year on balance in their stock, that they are still below their highs. they have in hurt by all these controversies that never seem to leave them -- they have been hurt. maybe michael is right, that it is factored into the stock. it is just such an incredibly profitable company, and they have such an incredibly good at adiness -- add business -- business. analyst who covers the company, do you like what the company is doing in terms of trying to integrate all these platforms together? >> ostensibly, why the government is conceivably trying to go after them, yes, it likely does. they have definitely not had a lot of success to date monetizing messenger and monetizing whatsapp, and a big part of why they have been so successful monetizing instagram is they've got this phenomenal targeting engine and they've got the strong ad base in place, and do aust -- they just

and then a lawsuit against facebook would have to be filed facebook and other tech giants like google amazon and apple they have been under increasing scrutiny over whether they've taken actions that are eliminating competition in their respective markets there are also been a number of presidential candidates who are pushing the idea. up big tech companies so i know you're not a fan of that look i don't necessarily think that this is the kind of thing. antitrust you know applies to so what if owns what's up in instagram and facebook and they don't how are they called into the market by combining exactly they're really not and that's why i believe this is actually a very unfair attack on facebook and i and again i'm no fan of face rather they have had privacy issues a tremendous amount of privacy issues but the fact is that all they are doing is a volcano social media company they're not just going to stick to one thing they're just not going to be a facebook platform for ever they've evolved evolved into a streamlined chat they've evolved into photo sharing and that's why they want to just

earning more than $27000000.00 in revenue in france that would impact around 30 companies including google amazon and facebook. french luxury stocks dropped following the announcement m.s. and caring the owners of gucci dipped 1.7 percent in paris but french and european firms continue to dominate the market louis of utah has just acquired tiffany's the iconic american jewelry brand for most $17000000000.00 their share price dropped almost 2 percent following the u.s. announcement with french president emmanuel michel and the us president donald trump sake they hope they can find a solution to the dispute if you will still lose some of the i'm confident in the fact that we will be able to find a solution to get our i have not been part of the comments that they proposed but for my part i am determined to defend the interests of my country and the european union and do so would be greatest respect for the united states of america as the president as we tax why are the taxes well we'd rather than do that but that's the way it works or to work we'll work out. beneficial to us. the tax will be substa

another one of your calls is that google cloud will make significant roadway into that. how do they keep up with amazonft? which have dominated to this point. john: i think scale really wins the game. google has differentiated to use on analytics, getting developers to use the tensor flow framework for machine learning, ai basically. microsoft and amazon are involved in that too. but that's one of the things google can do to differentiate. tensor flow is very popular among developers and the developer community is always a great leading indicator of what is going to be successful and what is going to be adopted. taylor: finally, oracle is splitting up hardware and software. john: i think it is time. there have been a couple of decades of acquisitions that were really targeted at the old client server sort of world where you wanted to give an enterprise customer the database, operating system, everything. that was effective. but in the cloud world where most of these enterprises are now trying to outsource their infrastructure to the google and amazon and microsoft azure, then value proposition turns ar

we do know that what's in it for google and amazon, well, apparently you give him the financing, you a few bucks, but there's some access that you get to them. ashley: give him a leg up. charlie: give him access to information on the network. it's all involved in that. again, charlie ergen, key to this trial. another source of i guess financing which is key to his buildout which apparently he's eyeing the big tech companies. ashley: charlie gasparino earning his paycheck today and, by the way, a martini or two. i know you will run off and take up that offer. great stuff as always. appreciate it. >>> let's bring up the dow, s&p and nasdaq, all up anywhere from a third to half a percent. all of them will close at record highs if it stays this way. >>> now, the biggest name in rvs going along for the ride also. stay tuned for your fox business brief to find out why winnebago investors are hitting the gas this hour. and stars turning out to celebrate the final battle between the empire and jedi. will the box office be the ultimate winner as these warriors hang up their light sabers? that

apple, google, amazon are wanting one language for smart home devices.are joining up with an alliance that promotes standards for the internet of things. the goal -- to come up with a way to make internet of things and interconnected homes easier to use. those are the top global tech stories we are watching. taylor: thank you. micron reported a strong showing wednesday when the chipmaker reported first-quarter earnings. micron impressed wall street with a strong outlook of between $4.5 billion to $4.8 billion in revenue. shares in after hours trading jumped. with more on the analyst call, wedbush securities analyst matt bryson, who has an outperform on the stock. and he was on the call. what was your key takeaway? what did you hear from management? >> i think there were a couple of things that were important. one is they are seeing tightness in certain areas. also, they are calling a bottom for memory in general. they think this current order is -- quarter is going to be a bottom of the cycle. that fits with tightness in certain areas of dram and the fac

engineering a complex deal that would create a japanese champion to compete with global giants such as google, amazoncent. rishaad: indian markets just opening. let's take a look at what we have so far and what is going on . >> thanks for that. indian markets have been trading around their all-time high levels. the nikkei is just opening at a nifty bank is seeing cuts of about 28 points. becauseimportant week they have the monthly expiring today and with tomorrow being a holiday we could see some pre-expiry trade taking place. but what is supporting the indian equities is the lower volatility. and they have been showing a lot of interest in the last seven trading sessions. we've seen an infusion of $1 billion of money into the indian equities. volatility seems to be on the lower side. tell us more about the arbitration with the government. the line is a heavy weight on the index. it was down yesterday as well after the news came that the deli high court in india has asked for details of reliance industries and its partners. this comes after the indian stopnment had petitioned a -- saudi aramco. it ha

and they hurt google, amazon and other u.s. tech companies.list could see tariffs up to 100% on the products. and the companies affected by submit comments on how they would be affected and they will be hearings on this the mare after that process concludes in mid january. they could put the tariffs into effect tariffs up to 100% on 63 different products and robert says in the release that decision today sends a clear signal that the united states will take action against digital tax regime that's discriminate or otherwise impose undo purburdens on u.s. compani. this is something the u.s. was telegraphing they would do for the last several months. certainly the fact it has done it certainly ratchets up the tensions >> any ideas of what sorts of goods could be subject to the tariffs. >> we're waiting for the links we'll get back to with you the details. >> another use of tariffs as a weapon if you think about the complications in digital tax regimes right now and the imbalance in the world against u.s. mega cap, who could we do that to but fran

. >> reporter: employees and packs associated with facebook, google, amazon and apple have given overto candidates this campaign season and they overwhelmingly went to democrats. alphabet gave 2.6 million in campaign cash, 83% went to democratic candidates. apple's workers responsible for nearly $600,000 in donations, handed over a whopping 95% of that to democrats. facebook shelling out 69% of their total donationses to democratic candidates and amazon spent 75% of their dollars on democratic candidates, over $1.3 million this cycle. while candidates like senator elizabeth warren and bernie sanders have been known to demonize big tech on the campaign trail, they're still raking in the most cash from california where a lot of people outside of silicon valley work in the tech sector. elizabeth warren with the most and sanders in second. lauren and tracee. tracee: thanks, hillary. well, the security and exchange commission is looking under the hood of bmw. the wall street journal says the sec is investigating whether the company manipulated sales figures in the u.s. sources say regulato

. >> as we watch google, amazon now testing out flights in india. are you worried about the entrance of amazon into the online travel sector as though you guys needed another competitor >> you know i'm not worried about amazon it's a great company and they do a lot of things very well. travel historically has not been one of them. they've tried multiple times to get into the game without any success. we're attentive to what they're doing. we'll watch it, but i think the core efforts we're pursuing at kayak, like kayak for business will keep us ahead of them, as well >> how are you preparing for what will likely be the biggest moment in online travel, and that is airbnb going public next year >> i don't know that that's the biggest moment in online travel. as an entrepreneur myself, i think a couple of travel companies public i'm rooting for brian. we're great to see airbnb come out. as a competitor in some ways, i'm eager to see what their financial reports look like so we can get some visibility into their operations welcome to the property, brian

proposing tariffs up to 100% on french imports in response to new taxes on digital revenue from google, amazonher maker technologies. they say the tax is discriminating against us companies, proposing tariffs on tv, handbags, and other french products. the agency will accept public comment on the 26th and will hold a hearing on january 27th. stocks plunged after he tweeted that he would reimpose tariffs on brazil and argentina. the nasdaq fell 97 and the s&p closed about 27 points lower. >> cyber monday is on track to hit a record. the biggest shopping day of the year is living up to projections with $9.4 billion in sales. many of today's deals have been available for weeks. experts predict sales will be up 19% from last year. retailers created cyber monday to get people to shop online at a time when high-speed internet was rare. >> bait to catch thieves in the act, they expect ports pirates to take advantage of the high number of packages being delivered this holiday season. officers have been putting out bogus boxes on porches, inside cars, anywhere that they think a thief might take the bai

facebook, google, amazon, twitter, walmart, and other thousands of companies.ech industry agree that a privacy law would be preferable to a patchwork of state laws, but there is disagreement on several issues, among them, whether consumers should be allowed to sue. credit suisse is blaming its former chief operating officer for a second spying incident. a statement from the bankchief. orderingalone in surveillance on another top manager. incident. a statement from the bank says he used a contractor to spy on the company's ex-human resources for more, let's will come our finance reporter. headlinesstory with that sometimes seem truly unbelievable. what have we learned today? >> there is just a cinematic madness to it. this all started as a tiff between two neighbors that turned into a banking scandal. the former wealth management had who was tidjane thiam's neighbor, arguing over the fence that separated their house. a few months later, he left the firm, was chased down the street in downtown zurich, allegedly by spies. months andd a few now you have three separ