grubhub is owned by a dutch company.omberg intelligence says -- why did amazon want to get into this delivery service? >> the lines are clearly blurring between what amazon is doing for delivery in terms of -- and with these companies are doing with food and grocery delivery. for amazon, it is an easy way for them to partner with grubhub. it is losing share, but it does have a good customer base in cities and urban areas. it is good for them to segment the market. they did a similar partnership with delivery in the u.k., really targeting high-end users that grubhub has. i think that is the play here. over time, they want to bundle everything. they already have music, video. they will add more services and the prime script and become some the customers cannot do without. caroline: why go to the high-end? deliveroo started with top-end routes and then went lower. is the higher-end buyer more recession proof in america? >> and they have higher repeat business. >> amazon says they wie you a flat fee. it does no matter how ma

grubhub?rubhub a chance to show what it's got it might be a long shot. >> jon, thanks >>> coming up, jim cramer's first take on the trading day ahead. plus we're going to talk crypto ayth galaxy's mike novogratz st tuned you're watching "squawk box" on cnbc leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy

not necessarily clear and there are peopleloya to other services who won't necessarily care that grubhubnot in the basket. >> or maybe they have a dash pass subscription. what kind of question is what kind of restrants is it going to tap into? the timing is very interesting because amazon has been in this business before, unsuccessfully, it had amazon restaurants as well as prime pantry it closes operations because they weren't gaining much traction and this is for amazon to dip its toe back in and see how the industry has changed and we know very well that it has changed a lot over the last couple of years. doordash and uber, the major place and they're getting beyond cosmetics, electronics and convenience and maybe amazon can keep an eye on potential competition. >> interesting, indeed dee, thank you doordash down 7.5% and as we head into the watch the fed minutes, the major averages just about flat and we'll see where we can go from here. that does it for the exchange. "power lunch" starts right now ♪ ♪ >>> and welcome to "power lunch. i'm dom chu in for tyler matheson with courtney r

it's buying a percentage of grubhub and will provide access to members for a year.on customers will get free deliveries worth $12 the move could drive traffic for grubhub, which has lost shares to doordash and uber eats. investor demand is looking for a seller for grubhub >>> walmart will charge some suppliers new fees to transport goods to its warehouses and stores due to a rise in fuel and shipping costs that's according to "wall street journal" and reuters there will be a fuel surcharge based on the cost of gas to ship orders last month walmart cut its profit forecast for the year >>> meta is pushing ahead with plans to roll out digital collectibles for its 3 billion users despite the crash in crypto prices. they tell the "financial times" that meta is not adjusting its plans around nfts. it's encouraging creators to sell it through its platforms. >> collectibles. i'm not quite into the nft collectible world. >> it's cool to see what's out there. >> i'm an analogue >>> let's get a check on crypto prices bitcoin just above 20,000 right now at 20,200 bucks right no

shares in the parent company for grubhub shot up almost 15. no big earnings reports today.y'll come in in the next week or so. but the federal reserve releases its minutes from the june meeting, and economists say wall street seems to be preparing for at least a mild recession. taking a live look at the numbers headed lower initially when that opening bell rang this morning, but a little bit of a recovery for the s and p 500, the nasdaq up slightly the dow jones you can see live look down a little bit. but the nasdaq is up about a quarter of a percent with tech stocks in particular doing well this week. california's recently passed budget includes a tax break for cannabis growers. now the cultivation tax on growers has been eliminated. governor. newsom says he supports the elimination of the tax is part of a move to boost the legal marijuana industry and reduce the influence of illegal markets . cannabis industry groups say eliminating that tax will help make legal sales more competitive. walmart is going to start charging suppliers and new fee to deal with increasing fuel

in exchange, amazon gets to buy a stake in grubhub and lockdown mode for iphones.he new security feature saying only use it if you believe you're the target of a sophisticated cyber attack it's helping to help high-profile users guard against hackers. apple is offering up to $2 million to any researcher who finds a security flaw. >>> today at the pump, gas is $4.77 a gallon on average nationwide that average price has gone down 22 days in a row, but still up $1.64 from this time last year on wall street, the dow up 70. s&p up 14. the nasdaq up 40 >> the company that beat everybody to the market with the first electronic or electric truck is now reporting ramped up production and strong demand rivian reports it delivered 4500 trucks and four times as the previous quarter, but going electric isn't cheap the msrp on one of rivian's r1t models more than $67,000 the electric truck market is still relatively small, but ev sales are generally escalating cnbc's phil lebeau covers the auto industry for us you know, lots of momentum for evs right now. >> you see it, shep, in

if the deal brings grubhub enough customers, amazon gets an additional 13% of their shares. the agreement will renew every year unless one party terminates it, amazon and just eat takeaway as you can see both stocks are higher, amazon up by 1.5%, just eat takeaway is up by almost 13.5%. here is the other side of this though. food delivery competitors uber and doordash, yup, opposite story. they are seeing red and this is actually, it could be very bad news for uber eats and obviously for those companies as well. that new partnership, now let's take a look at rivian right now. they are saying that they are on track to produce 25,000 electric vehicles this year. that's going to meet wall street expectations. the stock, as you can see , is higher by more than 10.5%. the administrations-backed electric truck startups saying it produced 4,400 vehicles in the second quarter that's a 72% increase from the prior. the company also delivered 4,467 vehicles, nearly four times more than the proceeding quarter. that stock is higher. starting in august, norwegian cruise line passengers wi

amazon has the option to buy 2% into grubhub, as much as 15%.k across the pond, grubhub's dutch parent rallied 15% in amsterdam on word of this news. competitors like uber, uber eats and doordash selling off. this seems to be a bold andy jassy decision. the only second ceo in amazon's history, succeeding bezos last year. eptering his second year on the job this week. amazon is adding 5% surcharge in april to sellers to cover higher inflation costs. walmart doing the same. making that announcement, they will charge an extra fee to sellers to cover higher transport and fuel costs that will kick in on august the 1st. walmart news is up on this announcement, because they're protecting their profit margins or trying to. apple's macbook air, next generation chips will be inside shipping next week. you have to remember apple makes its own chips for iphones, ipads, mac books, ending multidecade partnership with intel, one of the largest chip-makers on the planet all of sudden. goldman sachs cutting their price target down to 130. goldman says the slowin

a year of grubhub+ for free, paramount+ for 99 cents a month, or four months of amazon music unlimitede, great savings on kitchen countertop devices. the chefman large air fryer for $84.99 or a ninja for just $90. of course those deep discounts aren't just for amazon prime members anymore. target deal days also going on right now, and that's an online only sale from now through tomorrow as well as best buy's black friday in july sale, which is also running right now through tomorrow as well. one more tip i want to offer you guys if you are going to participate in prime day. what you can do right now on the home page, create deal alerts, and it will suggest deals to watch for products that you might have been looking at in previous days. so i've been looking at getting an air fryer. i can set a deal alert for that air fryer. and then if the price dips from anytime now through tomorrow, i'll get a notification. >> anybody need socks or dish soap? >> if you're a retail therapist, then i have confessions of a shopaholic. we were talking about how every day is amazon prime day here and how

grubhub and doordash now saying your food orders are unfair to them. a new chevy is the smart way to hit the open road this summer. the smart way to road trip—. ♪♪ and seek new adventures. ♪♪ go a little farther this summer in a new chevy. find new get up and go. find new roads. enjoy the open road and make no monthly payments for the rest of summer on all 2022 equinox models. plus, get 0% financing when you finance with gm financial. ♪♪ find new roads at your local chevy dealer. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? dupixent helps keep you one step ahead of eczema with clearer skin and less itch. hide my skin? not me. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes, including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your doctor about dupixent. reggie: some relief for people living near the washburn f

amazon will offer a year membership to grubhub for those who are members of prime.mazon stock is down .4%, but a much bigger move for competitors. doordash down 8%, uber is down 3.4%. we have talked a lot about fiat currencies, we have not talked about cryptocurrencies. bitdog is a little bit lower, crypto names are moving lower. off 80% year to date. riot blockchain down 2%. that is all the crypto talk for today, i promise. tom: i know that you'll be doing that on thursday getting ready for tuesday. kelsey berro joins us now, fixed income portfolio manager at jp morgan. i believe it is price up, yield down. with inflation coming in, how will bonds react, where is the opportunity to go from nine percent to 7% inflation? kelsey: there has been incredible volatility in the inflation markets, bond markets recently. there has been a repricing of inflation, particularly when you look at the one-year inflation swaps. it has erased all of that inflation risk premium that cut baked into the market as a result of the invasion of ukraine, all of the upside inflation we've bee

they have bought a 2% stake in chicago-based grubhub.l, amazon will add grubhub delivery to services in the u.s., which means prime members can have delivery fees waived for select restaurants. amazon already had grocery delivery with its whole foods acquisition. for third straight week, the average gas price has gone down. according to triple-a, prices declined more than a dime since last week. experts say americans are spending nearly a hundred million dollars per day less on gas than when prices peaked a few weeks ago. in the bay area, gas prices are still more expensive than the rest of the country in san francisco, it will cost you around 6:31 for a gallon. in oakland, a little less. here is the new york stock exchange, hovering just around 50 points right now. kumasi: a stiff career jersey netted a pretty big -- a steph curry jersey netted a high price. this is the jersey he wore during one of the finals, when he set a record for the most three-pointers in a quarter in a annals game. the winning bid was more than $203,000. there is

grubhub's free lunch offer in new york crashed its website and app, because they did not have enough on the road to handle the volume of orders, leading to mountains of unclaimed wedge salads congealing on restaurant counters. that is not right. salad should not go to waste on a restaurant counter. it should go to waste in the back of my refrigerator. i swear, i'm going to eat it tomorrow unless i definitely buy a meatball sub. because now i don't need abs. ( laughter ) meanwhile-- ( applause ) so close. so close. meanwhile, in weird science news, scientists used gene editing to create mutant cockroaches in a breakthrough. really. can't roaches already survive a nuclear apocalypse? why are we giving them mutant powers? i don't want a cockroach that can read my mind and looks sexy in spandex. ( laughter ) if you've got a mutant formula, maybe use it on something that needs the help, like the salad at the back of my fridge. i swear i just put it in there last week, and it's already pesto. that's why i'm getting a meatball sub. meanwhile, in great news for lovers of wraps, a team at joh

the retail giant is buying a 2% stake in grubhub.n will add grubhub food delivery to its suite of prime services to prime members will get free delivery by select restaurants. no word on when the services will begin. forget taco tuesday. now there is amc tuesday. amc theaters are offering five dollar discount tuesdays. that means tickets will be five dollars plus tax all day long. for members of the program, that is not much of a catch because the basic program is free to join. amc tuesday will join through the end of october. . i think this is just a way to try to get people to come back into theaters. >> do know if they have it in portugal or bali? >> folly. >> i will see you there. >> a program meant to help kids around the state find jobs is getting a $35 million boost. >> the youth job core is going to continue to build our communities in important ways. the young people who participate are those who may not normally have access to gaming skills to success. >> state assembly speaker anthony rendon help to launch a recruitment op

amazon is taking a stake in grubhub. that is lifting just eat.h that stock is down massively so far this year. asml, the left longer for company -- the lithography company, what we are seeing here is the u.s. putting pressure on the dutch company to stop providing the equipment you use to make chips to the chinese. asml, up by 3.14% today. then we come to shell, down very sharply. today down again, down another 2.2%. kriti: it is interesting we are ending on oil companies, because they are extending their slide. we got a red headline that the u.s. and allies are talking about that price cap at somewhere between $40 to $60 when it comes to russian oil. she oil has already been trading at a discount. and a backdrop of these recessionary fears, which are pressuring the entire commodity complex. let's bring in kevin book, managing director of clearview energy partners. thank you for joining us. this is the first time we are getting an actual price target on what kind of price caps they are looking at. $40 to $60 on russian oil. how much of a differen

but we get videos to or other perks as well, now grubhub like you mentioned.o pile things on to make it as compelling as possible, because people are looking at their budget. granted, they just raised it so people write be thinking it is time to cut them loose. caroline: we will keep her flooding on our budgets and seeing what is most integral. it depends on the programming as well. according to my producer, it is makeup brushes, lotion and collagen. that does it for bloomberg technology. tomorrow, exclusive interview with the partner at sequoia capital. navigating marketing conditions, you do not want to miss it. check out our podcast pretty can find it on the terminal as well as online, from new york, this is bloomberg. ♪ vo: when times get dark, we can't see the help that's all around us. let 2-1-1 be your guiding light. for help with food, health care, and other resources. operator: 2-1-1, how can i help you? vo: call 211 or visit 211.org 2-1-1 get connected. get help.

the retail giant will have an option to take a stake in gru grubhub. on this news. >> let's get over to dom chu with a look at this morning's top premarket movers >> melissa, joe, if you take a look at some of the acceleration we're seeing in some of these stocks in the premarket, we are noticing some individual names getting some more activity we'll start with shares of altria, the big u.s. tobacco company up 2.5% right now, again, still down about 10% on a year-to-date basis, and one of the big reasons why for that particular move here in the second half of this first half of the year is tied to its stake in juul labs the e-cigarette maker. the fda had moved to ban juul products in the u.s. is rescinding that, temporarily suspending the ban on juul and the e-cigs until they can find out whether or not there's a benefit for juul and its e cig products juul products can still be sold. that's seen as an incremental gain overall for altria, so those shares up 2.5% because of that link up with juul and the fda's decision to temporarily suspended ban on ju

but we get videos to or other perks as well, now grubhub like you mentioned.trying to pile things on to make it as compelling as possible, because people are looking at their budget. granted, they just raised it so people might think it's time to cut amazon loose. caroline: we will keep her -- we all keep reflecting on our budgets and seeing what is most integral. it depends on the programming as well. according to my producer, it is makeup brushes, lotion and collagen. that does it for bloomberg technology. tomorrow, exclusive interview with the partner at sequoia capital. her advice to founders on how to navigate the current market conditions, you do not want to miss it. don't forget to check out our podcast. you can find it on our terminal and apple. from new york this is bloomberg. , ♪ psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on

the agreement is expected to expand membership at grubhub, plus more than half of adult americans sayut is essential to the way they live, but only one third used those third party delivery services. now the food orders must be at least $12 for that free delivery . and then grubhub will automatically charge you 9 99 a month after that first year and costco is raising the prices on several of its popular food court items. costco's chicken bake is going up from 2 99 to 3 99 drinks from the soda fountain machines are now 10 cents higher to 69 cents. however another food court favorite, the hot dog and soda combo. that's going to remain good news. dave dollar 50. and i think that the euros will remain as well popular good speculation. though bad news, costco could be increasing the membership fees by the end of the year. i'm pam cook. that's look at your dollars and cents. okay well, how many costco hot dog and soda compass? can you buy and be happy in california? let's talk about a new study that pinpoints how much money a person needs to make. to be happy living in our state, according

according to a motion filed in us district court, doordash and grubhub will dismiss their suit if the city will agree to a lower 15% cap limit. the board of supervisors is set to consider the lower limit and it's meeting next tuesday. well today, on mornings onto the nine we took the show on the road, santa clara for our fourth zip trip of the summer, claudine wang introduces us to the man who was making reading fun and accessible in santa clara. past singing along the way. here youtube videos are fun to watch. thank you. if you sit in the bookmobile with cody, you better be prepared to sing even if it's just a little trip song ktvu this friday add. nice cody is a senior library assistant for the city of santa clara. looking for that next dinosaur book. it's right here. come and get it, and this book mobile is a way to share his love for books with this community. yeah exactly. access is an issue in some parts of town where people just can't get to the library. um i think an example is we go to the schools? a lot of those parents. they can't take their children, you know, many miles a

other news amazon has purchased a minor ownership in the food delivery system grubhub and will offer amazon prime users free delivery from select restaurants when the bill is greater than $12. amazon once dabbled with its own food delivery app called amazon restaurants. back to you. >> thanks, scott. you can see scott mcgrew and the rest of the morning team every weekday. tune in to today in the bay from 4:30 to 7:00 a.m. right here on nbc bay area. >>> up next the stranger spin-off. details of a new plan to create a spin-off of netflix's hit show, "stranger things." >>> okay, put yourself in the driver's seat here. say you buy a new car that now needs $15,000 in work. that's exactly what happened to one of our viewers. i'm consumer investigator chris chmura. nbc6 bay area responds next. >>> i'm chief meteorologist jeff ranieri. check it out, more clouds check it out, more clouds returning for when big tobacco's products were found out to be killers, they promised smokers safety. they called it a filter. but this filter wasn't safe or useful, just small and made of microplastics that

amazon has also a deal to buy 2% of grubhub.mp that up to 15% but look, i think it's probably a win for grubhub given that they get access to 115 million prime members here in the u.s. and look at the competition, the uber, doordash, all down and by the way, this is an andy jasse decision, you know he is only amazon's second ceo in history, entering his second year starting this week. stuart: all right coinbase. this is your turf. the crypto people, obviously, coinbase is actually now up, i thought it was down. why is it, what's the connection between coinbase and this bankruptcy voyager digital. >> so they are competitors. i don't think there is much of a connection. i would say it's probably more to do with ftx, you know, sam bankman-fried, one of the richest men in crypto, and he is trying to propose to d.c. to allow traders, crypto traders to trade derivatives directly on to the exchange ftx in particular, without having to go through the brokers like voyager , et cetera. so that means more competition for coinbase, which is

uber and doordash are both under pressure, following news that amazon is buying a small stake in grubhubybe offer one-year service to prime members. >>> the fda has temporarily suspended the ban on juul products >>> coinbase is getting downgraded to neutral. head been overwater. atlantic is citing a numb are of questions abincluding how the company is able to attract talent >>> some key economic data out the pmi for june, 55.3, compared to consensus of 54.9 jolts, 11.3 million job openings at the end of may. ahead today is the fed minutes at 2:00 p.m. eastern sometime. steve liesman is rounding up some of this is figures and internals. >> i'm just poring over this data there's definitely been a slowing that's picked up in the service sector this could be because of what's happening in the real estate market the real estate industry is a big part of the industry at the same time, aspects are coming back with travel portion, going out to restaurants, haircuts, the whole resurgence of story from the pandemic is coming back. i will at the you the employment index is in contraction territory.

amazon will take a 15% stake in grubhub in a partnership stateside.rancine: we have learned that the opec secretary-general barkindo has died. he took the job in august of 2016 and was expected to step down this month. he had a great sense of humor at one o --and was one of the most able oil experts. when he saw a group starting to enter this unthinkable partnership with nonmembers such as russia, he was doing some of the diplomacy every two days and no one has ever said a bad word about him. tom: the loss of opec+ secretary-general mohammad barkindo. coming up, we will talk to sir john curtice. that interview is next. this is bloomberg. ♪ tom: welcome back to the open. we are 22 minutes into the european trading day. gains on european equities of 1.7%, the ftse 100 gaining despite the political turmoil. let's return to the u.k. political story and the crisis engulfing boris johnson's government following the resignations of sunak and javid. we are now joined by a professor of politics at the university of strathclyde, given your history of monitoring

reggie: san francisco looking to look for a deal with grubhub and doordash.deliveries were originally capped at 15% both companies filed lawsuits calling that unconstitutional. the companies paused their litigation and will dismiss if the new ordinance is amended. the board of supervisors will review the proposal tomorrow. it preserves the 15% cap for basic services but allows fees up to 30% for octant services like marketing and better visibility. jobina: keeping their cars in the garage, boulder commuters took their inner tubes to work. it is nearly tradition. somewhere wetsuits over there business suits for a float down boulder creek. it has increased in popularity with more than 500 people taking part. even though they were hit with some traffic jams down group, they did get to have some refreshments at the end. reggie: that looks so fun. jobina: what a fun time. i would hope there is a shower at work. lisa: it looks like a live forecast. i can do the job from their. reggie: make it happen. lisa: it has been interesting. we have had typical summertime wea

. >> there could be a deal tomorrow with delivery companies grubhub and doordash.ap deliveries at 15%, the chronicle reports they applause their litigation and dismisses it -- will dismiss if a new ordinance is amended. it preserves the 15% cap for basic services, it allows restaurants to waive the captive pay higher commissions for marketing and better visibility on the apps. amanda: what role did steve bannon play in planning of january 6? that question will be the focus of his trial with jury selection today, the prologue expected to be key evidence. dan: bay area food business closing it production facility in the south bay, the job loss impossible writer -- rider impac t. >> a couple warned edd about fraudulent claims and people with plaque psoriasis, are rethinking the choices they make. like the shot they take. the memories they create. or the spin they initiate. otezla. it's a choice you can make. otezla is not a cream. it's a pill that treats plaque psoriasis differently. with otezla, you can achieve clearer skin. don't use if you're allergic to otezla. ot

but amazon prime members have to sign up for the grubhub service after a year of the free access. they will likely have to pay those normal fees. >> turning now to some news that is definitely out of this world. we learned today that the first images from the world's most powerful space observatory will include new nebulas and an alien world. nasa has promised the images we'll provide an unprecedented look into the deepest reaches of the cosmos. among the first targets arm the karina and southern ring nebulas. a galaxy known as stephens quintet and the wasp. 96 be exo planet. the targets were selected by an international committee of scientists. that is something i would like to see. stick with us. we'll be right back after the break. >> welcome back. joe summers is one of the most recognizable chinese american women in comedy. she regularly headlines. major comedy clubs across the country. it's just wrapped up 3 back to back to back sets here in san francisco. here's chance to say about the importance of forging her own path on her journey to success. i remember why just dot come

doordash shares are lower after amazon struck that big partnership and possible stake with grubhub andde oil. let's bring in now david treanor and i guess maybe we'll talk about this, david, first with coin base and crypto that 20,000 area for bitcoin has been key for a lot of folks out there the same note pointed to some problems attracting and retaining in the future. is coin base after its precipitous fall a stock you would be buying? >> not at all. the business is headed in the wrong direction. it's become terribly unprofitable and management has guided down on every single kpi so we'll be going from unprofitable to even more unprofitable so we think the stock has another 50% plus down side, $17 a share, and that even assumes that margins stay positive and the company grows at consensus rates. we think there's a lot of down side from here. >> speaking of down side the price of oil, the base commodity has fallen sharply we're talking more about an equity play so shell is our next name on our three stock lunch. what do you think, can we dive into this one? >> this is a buy one of the

kristen: san francisco is looking to make a deal with grubhub and doordash.ounty leaders voted to cap deliveries at 15%. both companies file a lawsuit, calling the move unconstitutional. they've paws litigation and will dismiss it if a new ordinance is amended. the board of supervisors will review the proposal tomorrow. it preserves the 15% cap on services but allows restaurants to waive the cap to pay higher commissions for marketing and utter visibility on the apps. larry: as prices rise with inflation, we are looking at creative ways to save on groceries. >> the hunt to cut costs in the grocery aisles is on. food prices serving over 12% this past year alone, the biggest annual increase in more than four decades. shoppers turning to creative ways to save like switching from ran names to store brands. >> the major advantage of buying a storebrand over the past 10 years as the quality has improved. they've got a money back guarantee. >> another tip, if you can, shop around. we hit three stores to compare costs. some of the everyday items are seeing a -- an up

kristen: also delivery has gotten easier with doordash and grubhub, although services, who reads.ng people -- uber eats. young people grip of the app in their hand. >> going out is not as enjoyable as he used to be, i have heard that the service is not as good as it used to be. >> that is probably pandemic related as well. i do not go out, michael, because i think i might run into you. >> i will say service is not as good as it used to be. allowed people left the profession -- a lot of people were left by the profession, partially there given money by the government to find some thing else to do and they did. i do nothing they're coming back. it will be interesting. >> that is what it is for us, you don't why do dishes or cook, that's have someone else wait on us. >> a of clothing -- a new line of clothing for windows fans, the t-shirt is selling for six dollars, the 90's collection also includes hat, sweats, and pants. in the statement the microsoft said the reflection is refined about normcore style and every piece is intentional. larry: i will be intentional and not buying it,

know you will need, buy now, prime day features deep discounts on subscription services, a year of grubhub plus for free. paramount plus for $.99 a month or four months of amazon music unlimited at no cost. and of course great savings on kitchen countertop devices. the large air fryer for $84.99 or a ninja for $90. the deep discounts are not just for amazon prime members. target deal days is going on and that is online as well as best buy's black friday in july sale running through tomorrow. reggie: not an ad i have that ninja and i like it and i was wearing out the blenders. jobina: i had a neutrophil and it was not doing it. reggie: we told you yesterday about the world's most expensive french fries in new york city but today is the opposite of that, free fries and you will be happy to know it does include mcdonald's. drew: blas. reggie: it is mcdonald's and wendy's giving customers a free order all week long. mcdonald's you have to do a little bit of work. you will get a free large order but only if you have their app and you order through the app, so you have to be a member of the loya

but they're going to start letting us use grubhub basically service fee free and amazon prime is probably going to be when a prime day when they announced on the 11th top of july. >> you think that your exclusive cause you're an amazon number. >> you know what? i belong to costco to do you probably craziest thing because actually keeps track of how many dead people have their cards still. and our members. >> let's how popular. so while it when they report financially, people like me, have to tell us how many people actually dead and not shopping. i would still keep their current active. i see, ok, you past the car down. i'll give it to my kids. there's my fortune kids okay. and then they have to renew it next year. speaking of a recession, why would anybody buy a car? now when i looked at the prices that you have to pay because of the interest rates. it's crazy. >> yeah, it's it's interest rates of creep kept up or they've gone up. progress of seen in the mortgage costs. now we're seeing in car cost. so the average car payments and some are $12 and that won't get you a mustang or bmw that

they did just announce they're going to add grubhub to the mix of benefits here it should help hold onsome people i'm sure they'll provide echo devices and other amazon hardware on discount but playing it safe when it comes to inventory >> yeah. >> meanwhile, b of a took a look at how the shares act leading up to prime days, seven times going back to 2015 five days, three days, seven days ahead of prime day. the stock is up every single time but going out after the day five days, seven days, ten days, actually down more than it's up. so fascinating people definitely like to anticipate but it is a bit dsl on the news thing. so you're saying buyer's remorse is a thing not just for the stuff you buy on amazon. >> yes speaking of, think of the rushes that is another side of this so maybe by not going big, they can save money on the back end there. >> meantime, speaking at e- commerce, check out shares of canoe surging after agreeing to a deal to supply walmart with 4500 evs they can purchase up to 10,000 units. stock is almost doubling this morning. still down 60% since last november to pu

amazon prime members do have to sign up for the grubhub service after a year of getting it free. they will likely have to pay the normal fees. turning now to some news that is definitely out of this world. we learned today that the first images from the world's most powerful space observatory. >> will include new nebulas and an alien world. nasa's promised the images will provide an unprecedented look into the deepest reaches of the cosmos. among the first targets are the karina and southern ring nebulas a galaxy known as stevens quintet and the wasp. 96 be exo planet. you know that when lawrence, the targets are selected by an international committee of scientists and staying on the subject of space, the international space station on its way out, but can still come up with a few new tricks. >> crew members have a new way to take out the trash. roughly 172 pounds of garbage was ejected in a special trash bag recently. the trash containing things like used foam packing materials, office supplies, clothing. the bag will eventually burn up as it enters earth's atmosphere. it's done

in the deal, amazon will take a 2% stake in grubhub with the option to buy up to 15% in the future.ell rings live. stocks are headed little bit lower this morning. certainly not as far as down, as they did yesterday. but the nasdaq heading a little higher of all your business news coming up here on mornings onto i'm pam cook. good morning. i'm dave clark. welcome to wednesday . it's july. 6th and pam we get to talk about the weather just outside. it's not too bad the skies opening up and we're looking live at the airport, sfo. yeah little foggy out there. we've seen a lot of fog rolling through the golden gate this morning. usually it's not thick enough to worried drivers . yeah the commute. we're used to that rolling across the golden gate bridge. right south. i'm glad you mentioned that pam because traffic camera we're going to show you some fog on the golden gate bridge and it is a little bit slow on some parts of marin, but not here. the traffic on the marine county committee looks good. the fog is covering the bridge, but it's shallow. it's a little on the bay, but it really is

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