companies like google amazon and facebook on thursday the e.u. and mounts that it would introduce the digital services tax even without the u.s. on board should no international agreement be found by the end of the year. and outside an apple store in new york for us is the us avoiding taxes here or avoiding this digital tax who doesn't have a better suggestion. well i mean 1st of all it's really highly unusual how the u.s. so communicated that they're not going to continue negotiating about a digital text and the head of the treasury stephen nugent basically just sent a letter to add to european countries that well the united states has sort of the point of if you do that and the big digital companies are basically almost all american and if anybody texas american companies then it's the united states so that's sort of where the u.s. government stands and overall i mean the u.s. companies that clearly could afford a bit higher taxes just 5 of the top digital companies here in the united states have a cash flow just cash flow of a good $5500000000

of it as well and that's the business google facebook amazon they've changed the world the way we do business but what about the way they do business they have to pay any taxes europe wants to change that international talks but the u.s. has pulled out front is a pioneer when it comes to the digital services tax and the main driver behind finding an international agreement it's outraged about the u.s. withdrawal. it's a provocation against all the partners at the elysee day we were just centimeters away from a deal on the taxation of digital giants and this is a time when the digital sector is the only sector in the world to profit hugely from the coronavirus crisis such is also a provocation against everyone in the world who believe that it is perfectly legitimate for big tech to pay its tax and seek the lord something the us cites a lack of progress in the talks together with the pandemic as being behind this decision however it's already showed limited enthusiasm about the tax which will mainly affect us companies like google amazon and facebook on thursday the e.u. and mounts tha

companies like google amazon and facebook on thursday the e.u. and mounts that it would introduce the digital services tax even without the u.s. on board should no international agreement be found by the end of the year. tourism provides a livelihood for around 1600000 people in kenya coronavirus travel restrictions have hit the industry hard it's been particularly devastating for the communities living around kenya's national parks every company and organization has tried to make the best of the situation for example by switching the focus away from tourism altogether. for these women cleaning the river is the only job they can do at the moment due to the coronavirus pandemic there is no tourism and business as a standstill. nothing on there initiated the cleanup he pays each woman $5.00 a day as part of his effort to restore the ecosystem of the national lima cyclon 70 . this is the most important watershed in this part of the mara the local community relies on this water for they are used for cooking cleaning and even also the livestock and ou

companies like google amazon and facebook.while the european court of justice has rules that a law in hungary which requires n.g.o.s to disclose their foreign donors is illegal the court said that the law introduced by prime minister viktor orban government breaches the fundamental rights critics say that legislation aims to silence opposition a claim that orbán denies the court rejected hungary's argument that the law promotes transparency. let's get more now we'll bring in our brussels correspondent barbara vessel who is standing by so barbara what sort of consequences could be looking at for hungry if any. hungary has in a way to obey this verdict and they have done so in the past because this is not the 1st time that lost a case in front of the highest european court and so what are they to arbor and the prime minister usually does is he does 2 steps up politically and then he retreats one step and he is every time left was a little bit of what he thinks is a political gain so what he's trying to do is to sort of tighten t

companies such as google amazon and facebook. well a book by donald trump's former national security advisor is rattling washington and the white house among several explosive claims made by john bolton is that president asked china to help him win reelection in november the troubled ministration has been trying to prevent publication of this book and that alone has already made it a bestseller and excerpts of its have already appeared in today's u.s. newspapers. these pages contain claims which could rock u.s. foreign relations and significantly affect the u.s. presidential election in november they were written by john bolton who said he saw donald trump engage in fundamentally unacceptable behavior that eroded the very legitimacy of the presidency. top of the books list of bombshell claims that trump asked chinese president xi jinping to insure his win the election suggesting china find more american crops which would benefit us photos trump also encourage she and his mass detention of mostly muslim week of people in camps the

immigrants have either led or founded more than half of america's leading tech companies, including google, amazoncle and apple. currently both google and microsoft are run by immigrants and the senior ranks of all the big tech companies are filled with the world's smartest people to whom america gave a chance. it's no surprise, then, that trump's proclamation drew the ire of the likes of google, amazon, tesla. the truth is these companies will have to go where the talent is. as cisco's ceo said, this may be a canadian jobs creation act. can you go to toronto and hire people there and work quite effective effectively. that is the risk we run if we start eliminating these visa programs. the real winner will not be canada, but china and india. they produce hundreds of thousands of engineers every year. the best have tended to come to study in america and stay here. now, they will go back home and start those companies over there, keeping the innovation, profits and jobs far from the united states. what donald trump is really doing is making china great again. thanks to all of you for being part of m

because many sports events have been struck off still the big winners during the pandemic are amazon google facebook apple and tesla but not all techs are alike some have been going through a rough patch some poor bets from soft banks $100000000000.00 vision fund resulted in a $17700000000.00 loss that was the worst in the company's 39 year history you may remember saudi arabia lent a huge chunk of money to invest in the likes of we works and over we were posted a loss of $2900000000.00 in the 1st quarter that sits biggest loss in 3 quarters it has since cut 6700 jobs closed offices around the world and plans to sell off some of its businesses shouldn't surprise you it had an 80 percent drop in the number of people booking rides. well joining me now from new york fire skype is daniel i have daniel is the managing director of equity research at new york based web bush securities good to have you with us so what's pushing up the markets to record levels is the some sound economic basis for this confidence or is it just investors looking to speculate if you look this is really been a tech led

companies like google facebook and amazon do big business in europe but hardly any taxes here now the u.s. has pulled out of talks with france britain spain and italy aimed at agreeing tax rules on digital companies the u.s. says instead it wants digital tarts to be part of a broader talk organized by the organization for economic cooperation and development the o.e.c.d. . france is a pioneer when it comes to the digital services tax and the main driver behind finding an international agreement it's outraged about the u.s. withdrawal. it's a provocation against all the partners at the elysee a day we were just centimeters away from a deal on the taxation of digital giants and this is a time when the digital sector is the only sector in the world to profit hugely from the coronavirus crisis sun chips also a provocation against everyone in the world who believe that it is perfectly legitimate for big tech to pay its taxes but he lives up to the us cites a lack of progress in the talks together with the pandemic as being behind his decision however it's already showed limited enthusiasm

than you will to say a divide is emerging between if we can go in the old guard companies like google amazon apple and then the likes of. be in the. oh yeah i think you could definitely there's a divide because right now if you take a step back and you look at the cool with impact the gig autonomy the air v.m. the. you know the with some others do is have been ones that have really picked up on i mean that's where you have ridership that down globally for 7 year the percent but yet e-commerce amazon massively strong netflix streaming you look at apple in terms of services you can indeed social media as was online advertising view and facebook now those are stocks that continue to new lead the way so i think you are seeing a divide the really i'd call it it's the gig hermie right now that continues have just a massive black cloud because of the covert environment and health and safety concerns by let me get your thoughts on softbank almost 18000000000 dollars in losses is it losing credibility i think that would be an understatement i mean i think right now it comes down it would hard to be 5

and effectively hides the traffic sources so as a result walk telegraph and turn to use google on amazon holsteins or is it so it looked like the traffic was coming from google and not telegram and it was really quite ingenious as you can imagine as there was no way for the censoring authority to weed it out so it's been a thorn in the government's side for quite some time and of course at this point in order to save face the telecom watchdog said it was only now lifting the ban due to telegrams willingness to tackle terrorism extremism well could this ban have been lifted because so many people were still using it. well absolutely but there's also it's just completely ineffective at simply just trying to control the messaging but as ben just pointed out it's really i don't when the government officials are actually using and trying to corner coronavirus with relief efforts well then wasn't a huge part of telegram strategy to also then deploy the ton cryptocurrency which is a project that is now dead and speaking of crypto currency during these times many are turning to digital currencie

companies like google amazon and facebook. the work of a group of north korean defectors is raising tensions between north and south with the land border closed the defectors to the air and sea to send messages and medicine to the north supporters say that efforts are raising awareness about the plight of people there but critics say the group's plans are complicating efforts to promote dialogue between the 2 koreas w.'s frank smith reports. north korean defector park has been sending rice and medicine to north korea in plastic bottles using ocean currents for 4 years now following pyongyang's recent complaints south korean officials have vowed to stop such activities but poc is undeterred. i don't know why the government is trying to stop this now they should say that there is nothing they can do because this is a nongovernmental group activity. think it would be wrong to suppress such organizations because of what was said by north korea's kim. i'm confused whether i live here in seoul young. journos brother park sung hack h

companies such as google amazon and facebook. shares in electronics payment company y. or card have plunged by as much as $2.00 thirds during thursday's trading session in frankfurt it's after the tax lifted firm delayed publication of its $21000.00 financial results yet again auditors working for wire cards say that they have been unable to find evidence for around 1900000000 euros in cash balances now earlier this month german prosecutors searched the dax listed firms offices as part of an investigation into market manipulation. of get more from our financial correspondent julie barth who is standing by at the frankfurt stock exchange to tell us a little bit more about the dramatic action for this stock because this was one of the biggest share price falls in dax history what are you hearing on the floor there. 66 percent at the moment 55 percent minus and this is on top of losses incurred already over the past years one locations like this started coming in and wire card yet again not being able to explain how such irregularities could turn up in its books an analyst

leaders walked away from negotiations over taxing big digital companies like google amazon and even facebook will some european countries plan to move forward with new international taxes anyway which could then lead to the u.s. to retaliate with tariffs on some of their products were legal journalist molly barrows together with america's a lawyer joins us now with more molly good to see you why are european leaders proposing new international tax rules. well there they say it's long overdue that there needs to be a major update and overall these international taxes in order to bring it up to the modern digital era they're basically looking at big digital companies that are based in the u.s. getting corporately tax in the u.s. but not having to pay corporate taxes anywhere else in the world where they have hundreds of millions of customers and are raking in hundreds of millions of dollars each year so you're being countries have started to levy these digital taxes in the past year and they had them on hold as long as the u.s. was willing to negotiate well this week u.s. trade leaders said we

we wanted to be competitive so we can make room for the next great big apple, amazon and google.u don't have innovation in the marketplace because you are a market power, one of the real consequences is innovation. this investigation has revealed a lot of important information. we will talk about the status of the state of the marketplace and then we will hopefully develop some bipartisan recommendations to bring more competition into the marketplace. emily: let's talk about facebook in particular, which has been in the hot seat over the last several weeks based on how it handles political speech and political ads, specifically not fact checking or removing a post by president trump suggesting that looters be shot. mark zuckerberg said he would review facebook's content policy but that decision stands. they have taken some steps to allow users to hide political ads, but how big of a problem is this and do you think facebook in saying it does not want to be the arbiter of truth, but being such a significant platform is not fulfilling its responsibility here to the public? rep. cic

immigrants have either led or founded more than half of america's leading tech companies including google, amazonre run by immigrants and the senior ranks of all the big tech companies are filled with the world's smartest people to whom america gave a chance. it's not a surprise that trump's proclamation grew ire. cisco's ceo said you can go to toronto and hire people there and work effectively. that's the risk we run if we eliminate these visa programs. the real winner will not be canada, but china and india. they produce hundreds of thousands of engineers every year. the best have come to study in america and stay here. now they will go back home and start those companies over there, keeping the innovation, profits and jobs far from the united states. what donald trump is really doing is making china great again. thanks to all of you for being part of my program. i'll see you next week. >>> if you miss a show go to cnn.com/fareed for a link to my itunes podcast. to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or t

apple,e google, amazon, walk me through the logistics.his has been ongoing dispute between united states and the rest of the world. the idea is european countries feel clung -- commerce is being done across national lines by these internet companies and it should be taxed, notwithstanding the fact they also need the money and they would like to raise additional cash. the french put forward a tax proposal and the u.s. threatened the same sanctions. the sides agreed to negotiate. what they are trying to do is come up with a worldwide agreement about how you tax international trade like that. in the meantime, other countries like spain have adopted a digital tax framework they would use if there is no international agreement reached. the administration pushing back on that. what they have said is they will -- a do wetion 301 see harm to american companies investigation that could be the predicate for some kind of trade sanctions. it would probably be be a long time before any kind of tariffs would be imposed. it is more of a threat, probably

it does look like apple, google or amazon. >> guy adami >> mel, i'm not a fan of rosemary, the spice,me, by the way one man's pleasure, another man's pain comes in the form of snap versus facebook. >> all right. watching we'll see you tomorrow at 5:00 >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer >> is this market really as simple as it looks covid cases up, well, then, by the cramer covid-19

so we are talking about companies like google, amazon, liver, and twitter all put out statements yesterdaying the executive order that president trump just signed, twitter says "it undermines america's greatest economic asset, its diversity in. he unilaterally and unnecessarily stifling america's attractiveness the global, high skilled talent is shortsighted." but the white house says this executive order is designed to free up half a million jobs to be filled by american workers. here is the white house top economic advisor larry kudlow. >> i think the presidents view and i served on that task force, and we agreed that we have to help americans get back to work first. >> the order suspends five types of visas until the end of the year, and i just want to run through them briefly. visas for certain types of highly skilled workers, these are the kinds of visas that big tech is so upset about. those are for nonagricultural seasonal workers, each for vis visas, visas for cultural exchanges, and visas for managers of multinational corporations. there are some exceptions, but not many, and then

microsoft, apple, google, amazon, that is defensive. that's what led us off the bottom in march and was showing great relative strength. the fact that those stocks have broken out the way they did is pretty amazing i'll say this about the fed. jerome powell, that guidance, he's doing what i guess he thinks he needs to do. just so you know, the markets are working just fine, by the way, even the credit markets i'm not certain why the pedal is still on the metal as it relates to larry kudlow thn this afternoon on the exchange, what are they talking about how great the economy was. earnings were down year over year in 2019 the fed started cutting rates again in the second half of last year to use guy's term, it's kind of madness. we've been talking a lot about the banks. what are they telling you right now. it was a perfect rejection at its 200 day moving average it's down below the breakdown level in march jp morgan that's the one you keep an eye on, also down 8.5% from its highs i'll just say 105 is the level i think the banks, if they f

around the regulation battle that's brewing going into the late summer/fall we look at facebook, google, amazons well that's why i think it was important that zuckerberg and facebook took the opposite stand because for an investor perspective it's all about regulation it's a slippery slope. that's what we saw withtwitter it starts here but where does it lead to? does that put gasoline in the engines of some in the beltway going after big tech, which is the broader worry as we go into the fall, especially a presidential election. >> in terms of the scale of that risk, when we talk about more regulation, is this potentially going to be an entire business model risk for some of these tech players >> our view is likely it's funds but, no doubt, you're seeing a drum roll from the doj -- sister a state a.g. perspective, but also in terms of the senate as we're starting to see more and more hearings. bezos will lookikely will be th in the fall. one thing i would point out, you'll see big tech really halt any major m&a. i think you'll see a lot more scrutiny with that you're seeing that with facebook,

google, amazon, they're saying, okay, we're okay with it apple so far has declined to send tim cook.a lot of pressure coming apple's way. >> nilay patel, great stuff. thank you. >> thank you >>> let's go to dom chu for the details. dom? >> the media chain giant is going to request all guests who go to watch a movie in their facilities nationwide to wear a mask until further notice. the reason why that is important, kelly, is it was just yesterday that amc had outlined a reopening plan for its theaters nationwide starting on july 15th that would lead it up to individual jurisdictions. if the state required masks, then the theater would require masks. if it did not, guests would not necessarily have to wear masks that led to a huge outcry in just the last 24 hours as a result, amc saying all guests going forward starting july 15th nationwide will be required to wear a mask. kelly, i'll send things back to you. >> that is a big reversal. this is one of the big stories in the last day or so. we appreciate it, dom, thank you. dom chu with news there. >>> one restaurant opener opened his d

. >> google, amazon, if you scream, siri, alexa!intended for the theaters. >> it was. >> stephen: now there are no theaters. >> yes, that's true. well, you know, when i finished it, it was right in the first inkling of the pandemic was happening, so i finished the movie, i color timed it, and i couldn't even shake the hand of the people who color timed the movie for me, and then it was done, and then the town shut down, and at some point the studio said, you know, do you want to hold on to it for, like, a year and wait for all the movie theaters to reopen? or we can put it out on video on demand now. i thought, you know, the movie is about first responders and firemen and nurses and all these heroes who risk their lives for other people and sudden trauma and grief. i hope it's funny. you wouldn't know, but i hope it's funny. i thought it would be weird to hold back something that might make people happy. so we're excited to get it out there. >> stephen: judd, we have to take a break, if you can stay. back with nor judd apatow, every

we start with the us tech giants, facebook, google, amazon and apple, and the global row about how muchr multi—billion dollar profits around the world to avoid tax. global talks have been under way to agree a fairer system, but on wednesday the us government walked away from them, raising fears of a damaging trade war. in a letter seen by the bbc, finance ministers including uk chancellor rishi sunak have now written to the us treasury secretary, saying the pandemic is making tech firms more powerful and more profitable, as people spend more time online. and that it is fair and legitimate to expect that they pay their fair share of tax within countries where they create value and profit. let's get more on this, nick watson is an investment manager at janus henderson, hejoins me from london. good to see you. the rationale is pretty clear, everyone get that. the route to a deal ever more distant, it would seem?i think that is true, this has been rumbling around in the background for quite some time with the oecd trying to bring both parties together. it is interesting that as we move thro

robert lights are citing a lack of progress among others the attacks that affect us giants google facebook and amazon washington says it will place levies on imported vehicles if the tax is introduced. former u.s. national security advisor john bolton has accused president trump of asking china to help him win the election the legations set to be published next week in bolton's memoirs the justice department is trying to delay the book's release saying it contains classified information. european court of justice has ruled that a law in hungary which requires n.g.o.s to disclose their foreign donors is illegal the court said the law breaches the use of mental rights critics say the legislation aims to silence opposition that's a claim budapest denies. hours after the president of honduras announce he and his wife had contracted the coronavirus president juan or londo and nanda has been hospitalized for pneumonia latin american countries been struggling under the pandemic as cases rise sharply. we have some sports for you now and in midweek bonus league of football minds made the trip to dortmund hove

i think it is a good thing that these are american companies that google, apple, and amazon are americand about china trying to take over the technology industries. >> neil: knows that a president know that you are saying this and writing all of this stuff? that could be troublesome for you. i'm kidding. let me ask you a little bit about where this goes. they want to reign them and whether it is europeans that want to chop them up in washington or at least police, how they policed their content. what do you think? >> that may be very clear, i don't like censorship. i will just say, if it is the congress -- >> neil: they are saying conservative pads, liberals go good. >> look -- >> republicans don't like that. >> i told some of these executives in silicon valley, you are being very foolish. why would you want to alienate half of your consumers by being so liberal, by giving 90% of your money to democrat and liberal causes? i think that will change over time. my point is these are companies that i create a great technology. by the way, well you got some people on the republican side attack

that's google and facebook and amazon so i think the risk on the downside is lower and some of the ading to see real signs of recovery and i think facebook is probably the single best way to play that even with the stock at an all-time high. the valuation is attractive in the long-term growth potential >> not to mention apple and microsoft as well on the cash side mark, alicia, thank you very much >> thank you >> thank you >>> well, black voters see less room for advancement in the workplace. that's according to cnbc and change research's latest states of play survey elon is breaking down the numbers for us >> that's right. today is juneteenth, the day the last slaves were told they were free many of the black community say economic remains elusive today our research found that less than a quarter of black voters, 23%, believe that minorities have the same opportunities for advancement in the workplace as their white counterparts the numbers for latino voters was higher, 64 % believe that minorities have the same opportunities, the same percentage as white voters we spoke to crystal g

switched places during the 1st 3 months of the year and behind them more american tech mages amazon and google are now for bet. the much rankings are the 1st to take into account coronavirus and the disease has left its mark for example amazon shifted up one place compared with the rankings in december helped by a surge in delivery orders from housebound buyers around the world. not every day the. prison for murder for our netflix was another big winner because of the crisis it was one of only 10 companies in the top 100 to increase its value during the quarter as people stuck at home signed up to it streaming service it climbed $27.00 places in the rankings. but for all the when is there have been many more loses the combined value of the top $100.00 dropped by 15 percent between january and march with the oil and gas sector taking the biggest hit in recent months demand for crude wiped out by a global pandemic. and that's our show for today i'm chris caldwell mullin thanks for watching see you back at a more. good byes sausage and low fridge. big changes are underway in the food industry. ou

country can deal with the problem of high—tech companies, whether it is apple or facebook or google, or amazony want there to be some form of regulation, individual governments of all felt that but they also recognise that if they do not do it, they love to do it collectively. there is to be an agreement for the larger economies and they were making some progress on all of this, but suddenly the americans have decided that they don't want to play ball and they have pulled backed out of the talks and it's very hard to get an agreement anyway but if the americans are so threatening against the european union, the eu were to ta ke the european union, the eu were to take action as a poses a new problem outside the united states and is a curious time that he comes in that because back in the united states, president trump is now having a running with those companies, twitter, facebook whether they are seeking to censor him or put orders on some of the streets that they shouldn't be taking a face value. so, it may not be the end of the story and the americans will at some point be back in. but, it i

germany the large internet corporations are not too happy about them before tech giants google apple facebook and amazon or operate worldwide and set themselves above national regulation in most countries they can avoid taxes and use the monopoly is to their advantage national data protection laws are just a nuisance that. and they don't like taking responsibility for what happens on this site they have a watertight defense is they've insisted that this just into media is all that this neutral market places of course that's not really the case says. special about these platforms is that the ones who set them up are the rulers there they decide the rules and they're also the ones active in these markets they themselves created software. so. for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of participants the more the merrier then there's t