. >> for more on this, joining us at post nine, chairman and ceo of ipg, one of the largest advertisingncies that counts amazon as one of its many clients. also out with earnings early this morning michael, good to have you on thanks for joining us here. >> it's great to be here thank you. >> taking a look at amazon, the fact that all its different businesses and earnings, the one that grew far and away the most, more than doubling, is this advertising business we talk a lot about facebook and google and the duopoly there is amazon poised to interrupt that in terms of advertising >> you look at the results, it's clear that they are. it's pretty clear that they're growing to be the number three replacement, at least, in terms of the digital ad spend. our job is to help our clients allocate their advertising dollars to where they can get their most best return on investment it's welcome to have additional outlets, if you will, to reach the consumer that amazon, through its platform, provides for us we welcome as many players as can be so, it helps us be more efficient and reach more consu

in the long run i innk they have leeway computing more aggressively in google assist and omnicom and ipgde. so i think they need to do this in the short-term to continue to retain their top clients. betty: what about the next step, what about breaking it up? is that in the cards? >> i would, i am not really sure. i would say this year they have very valuable asset. most of the agencies under that umbrella are highly valued and widely respected. they have excellent reputations. oncei would say is that the begin to operate more efficiently, once they slimmed down a little bit, then maybe the breaking up of the various assets or selling various assets would become more attractive. betty: i want to talk about martin sorrell himself and misconduct allegations. .e has been a controversial ceo pay package was the subject of many doors -- news articles over the last years. is there a sense of the board letting it out of hand, that they gave him too much power? does 30 to be an overhaul internally? -- does there need to be an overhaul internally? >> based on what the company itself has stated, wh

ipg it's interesting when you hear him initially deny, but then as soon as kimmel said it was funny,think that is? >> this is somebody who you know, he's always looking for the advantage. suddenly, the advantage looked like it was in a slightly different place, so why not. why not flip. why not do that. i think it's interesting that when he had you know, a let's see, a third son, his fifth child, he couldn't really name him donald trump jr. because he already had donald trump jr., so he named him barron, after john barron, perhaps. >> that's interesting. right. well, it seems to be b a bit of a pattern with trump because besides posing as fake person, which is extraordinary on its own, there's always the fake thyme magazine coverment the fake painting he tried to pass off as real. what do you think is at the root at this hunger for affirmation? >> it's a hunger for acclimation to always be the winner. always be the one on top. always been the number one person every respect. and to have you know, the idea of surrounding yourself with you know, marble kole plcolumns, th r ree gal noti

. >> ipg, doug -- judge. doug, how are you today?yeah. >> inreason i like them is because of advertising and marketing. i believe earnings are tomorrow. doug >> all right, jerry. >> scott, i like these gaming stocks -- >> back to you, doug. >> back to you, doug. >> we talked about a lot of them recently wynn i think they're an opportunity i ng tthink is going to be $200. >> you can never call scott judge again. do you have advice for the stock drafters >> find a double look what kevin o'leary did the year before. >> all right that does it for me. i'm doug >> way to go >>> thanks, doug i'm melissa lee, here's what is on the menu. stocks making nice gains investors putting aside fears about rising rates, instead focusing on good earnings. where the money it's going technology it's the best performing sector today. it has been battered lately. ford phasing out cars. focusing on suvs and trucks instead. is the sedan running out of gas? what it means for the automakers power lunch starts right now

parks feature the pixar animation studio characters and experiences from films like toy story, monsters ipgo a fireworks spectacular, longer paint the night parades. >> we are seeing our favorite friends, woody, buzz, jesse, sully and mike all here back for another around of paint the night. >> pixar fest continues at disneyland parks through september 3rd of 2018. and disney as you know is the parent company of pixar and abc 7. >>> right on track, not quite. the long winding road to transbay as the costs mount. we'll have an update including some of the new declines just ahead. >> dan is here what's ahead on abc 7 new at 5:00 frmgt the effort to combat car break-ins in san francisco. police say there is an easy way to avoid becoming a target. plus. >>> that's sweet. that's sweet. >>> the beach and the mystery of how it got there. and night owls ersz early birds. which are you. there is a clear winner. those stories and oolts more when we see you for abc 7 news at 5:00. >> announcer: we have all stood with the north bay through fighting fires to finding shelter. through burned homes to new

whether he still has a medical license if these allegations are true about opioids is writing his own ipgserifying these accusations. >> starting a week ago we have claims and accusations that were made. we are following up talking to some 23 different people. and there is more that come forth every day about some of the challenges that admiral jackson had as chief of the white house medical union. and we are following up with them. the reason that document was release as i talked to the chairman's staff this morning -- my staff did -- and gave him a document that was pretty well scrubbed because we don't want to give away the allegations. these are active or retired service members and they are very concerned about theirable to maintain work in the white house medical unit. once they gave it to us we gave it to them and you guys are entitled to it too. >> are you comfortable that al of these allegations are true enough that they need to be in the public arena or do you think some of these need to be run down and corroborated before you release it to the public? >> the committee question i

ipg it's been the fed all along. everything else is sort of noise, facebook, tariffs, everything else going on the fed is what's really -- >> this isn't even about a fed mistake. again, let's not just this fed, no one's doing that. but rates have to move higher because we shouldn't be at certain accommodative policy whatever it's growing at it is not a time for rates to b this low if you look at the headline kind of a relief. if you look at the core, it's actually kind of hot we got ppi yesterday that was the high since 2011. inflation is there if you listen to steve leaseman who does a good job with this stuff, you have some of the numbers that are starting to run off so your numbers will look a lot hotter we had deflationary forces that are baked into these numbers keeping them low the fed is very focused and these minutes today tell you the fed has to move. >> i agree, speaking with steve liesman. we had a little bit of back and forth there, i said that i think the minutes were a little bit hawkish. when you hear

giant ipg ceo will join us in a moment ♪ today is a good day to make a plan for your financial goalsour everyday ones too. pnc can help. we'll be with you every step of the way. let's start today. anyone can get you ready, holiday inn express gets you the readiest. because ready gives a pep talk. showtime! but the readiest gives a pep rally. i cleared my inbox! holiday inn express, be the readiest. >>> good morning it's 8:00 a.m. at amazon headquarters in seattle. it's 11:00 a.m. on wall street and "squawk alley" is live. ♪ the prime time of your life the prime time of your lif

ipg b those are obligations that all companies big or small should be willing to live with on behalfabout the user themselves asserting their new demands in the marketplace for example, if i'm learning this now going, you know what? i'm not comfortable with facebook having all this information on me. i'd rather go to a new platform that's going to protect that or i'm not comfortable with what google knows i'd like to go to a start-up that's able to offer me privacy controls that maybe those platforms don't offer. do you think the marketplace can answer that over time? >> i think this is a really important point because i think consumers are waking up to the fact that you can't actually escape much of what we're entangled with with the large data platforms it's like the big banks. they've almost become too big to fail we need them, we like them but we're also beholden to them. i don't think there's an easy way to move away and have a completely different data collection experience. and that's why i think the argument for federal regulatory policy has become more compelling in recent m

be willing to talk about the role of foreign policy interventionism, non-interventionism, isolation ipgs, globalism, whatever term you want to use, it there's but we don't hear much about it. >> i think americans like winning wars. when a war is being won they'll rally to the party in power and don't like losing wars. when a war is going poorly they'll react to that party and otherwise they don't care much about philosoph about foreign policy. that's my take on it. they don't know much about it aside from this war is going well or going poorly. sorry. something anna raised was raised by the first panel as well, terms of this disconnect in 2016, between the electoral college and the popular vote, and then perhaps that continuing for the next couple of elections. it's clearly bad for democracy. i wonder if it's more problematic for the democratic party or democratic leaning vote, in terms of there not being an incentive to vote because their vote is not as worth as much as it should be, whereas the republican leaning vote, their vet is counted more than it should. it might not be a discour