how will amazon integrate irobot's products?to discuss is irobot co-founder, she's also the ceo of a solar powered meeting robot for homes and garden. -- weeding robot for homes and garden. irobot goes way back. what do you make of amazon buying the company now? >> thank you for having me. i'm glad to see amazon showing such a strong interest in home robots and not just investing heavily, not just in astro but buying irobot. they've got it track record for seeing with the future is going and helping accelerated. with e-commerce, with making performance more automated, with web services, and now home robots are my passion. emily: there has been concern this gives amazon access to more of our data, interior access map -- interior maps of our home, for example. should we be worried about that? helen: i don't think people need to be worried. you get lots of technology on all of our devices. you got a gps, you've got a camera, you don't need those but the addition of benefits, you get maps and pedometers, having the best cameras and

amazon is spending $1.5 billion to a buyer irobot.eal has some confused because amazon already had a robot butler in the works. how amazon will integrate the products, here to discuss, the irobot co-founder. thank you so much. guest: thank you for having me. i am thrilled to see amazon having such a strong interest. they have a track record of seeing where the future is going and helping accelerated with e-commerce, making performance more automated. now, home robots. emily: maps of our homes. should we worry about that? guest: you have gps. the additional benefits like video calls, most people have really optimized navigation. it's amazing. it gets you a better clean. clean under the table. all of these features will have your information of your home. i have home maps in my home. i don't think the downside is there. it can transmit pictures. when he gets you is a picture of your floor. that is something i have read about. that is horrible. rumba can avoid that, creating these technologies, simulated data. i think it is well worth it

up next, irobot.is bloomberg. ♪ emily: amazon continues its push into internet connected home devices. it has agreed to buy irobot in a deal valued at $1.7 billion. here to tell us why is reid garrett hoffman out --is carolina milanesi creative strategies llc. carolina: amazon is irobot thing over $1000 and has not yet made it to market. rumba is already in homes. i rumba already has trust of consumers. there is an opportunity to get to more homes and gather more data. emily: what about amazon's astra robot. they had a big reveal and we have not heard a lot about astro since. carolina: i had the opportunity to try it in my own home. it is very different from a rumba. it is almost like a pet in your home that takes adjusting to have communications us far as where it goes. it is very early days. there is a lot of opportunity for information. but from a price point perspective, the roomba fits a larger market today that will get necessary information to amazon to make the astra more successful -- astro m

previous hires not only gotten past ip from companies but the tech, aqua hires irobot, roomba, doing it for years even before there was a "ihome." >> and you check out these products any good particularly roomba? getting better amazon should leave them alone or do they need help >> they'll error good. the question about big tech and questions about privacy's what roomba did well, roombas do really well what the astro has done well too. maps your house. knows exactly where things are looking at it here knew exactly where my son was, you see there. knows where it needs to go see parts of the house knows exactly if something's closed how to get around it. do you want that data in hands of amazon? a big question for new buyers, the question for regulation. but in terms of tech there, melding those two, right amazon working on in its robotic flag and roomba has had and many years of robotics, that's a prit y pretty killer combination. >> wow see how they work it out joanna, thank you. >> thank you. >>> cloud player twillia heading in opposite directions this morning. more on the results f

this values irobot at a premium of 2 2%. look at this though, irobot is getting up there and $59.60 and a gain of 19.25% and the deal comes at a time when analysts expect cash rich technology companies to go on an acquisition spree and the fourth largest for amazon behind purchases of whole foods, mgm, and medical provider one medical. beyond meat stock, sizzling as some of the message boards are talking about a short squeeze that hammed -- well, happening right now before our eyes. look at this gain, 19% higher for the plant based meat maker. last month short interest on this stock meaning people betting against it hit a new high as analysts anticipating a bearish earning report. new constructs warned that the stock could go down to zero. we're not at zero now but at $37.49. yesterday the company did cut its revenue guidance and said inflation made it pricier to buy the plant based meat. and actually they want to see it become more affordable for consumers so they're working on that. speaking of inflation and higher prices,

. $1.7 billion in cash irobot stock surging on that news sort of a pandemic darling but 23 facing a lot of headwinds. what does amazon want with it? >> amazon has been building out this network of alexa devices and ecosystem of alenxa devices this all ties into this idea that we're going to have everything in our home be smart. keep insp mind amazon bought th wi-fi router maker and ring, the maker of those video doorbells and security cameras ring even has a drone that will fly around your house and monitor security that way. so some really crazy pie in the sky ideas. also robotics. a decade ago, they bought a robotics company to work in their warehouses and move product around the floor it's really neat to watch how robots and humans work together. on the consumer side they introduced a $1500 robot that can even bring you a beer from the fridge, sara. >> that's convenient more data for amazon to have inside your personal space lovely thank you very much, steve kovach. >>> tesla is under pressure following its shareholder meeting. meantime, shares of carvana skyrocketing the online used

that is how much amazon is paying to acquire irobot. the creator of rumba robots. it sold 40 million home robots over the years. amazon already has lots of robots in the warehouse, so why do a deal like this? let's ask our bloomberg intelligence team member. she joins us now. nice to have you with us. what is your reaction to this deal? >> it is just one of those things that amazon does for they want to enhance their home offerings and automation within consumer homes. you have an echo and an echo device. you have an amazon security. so why not have the rumba, integrate with alexa. just own the home space when it comes to automation. >> i'm confused. i thought there was an administration that was anti-big tech and anti-amazon, according to the ftc chair. >> they've been inquisitive. they are acquiring the largest in the last two years, but this is fairly small. 1.6 5 billion dollars. they can do this. they have the funds to do this. will they care? that is a question i cannot answer. >> i'll throw in at you. hopefully you can answer this. you obviously keep a close

the deal is now awaiting approval from irobot shareholders.his comes as amazon looks to expand their lineup of smart home devices, which includes echo speakers and ring security cameras. a jury has ordered conspiracy theorist alex jones to pete nearly $50 million in damages to the parents of a child killed in the sandy hook elementary shooting in scarlet lewis, whose six year old son was killed w 45.2 million in punitive damages . the texas jury also awarded the parents $4.1 million in company suntory damages yesterday. jones had repeatedly claimed that sandy hook shooting was a hoax economist testified today that jones and his company are worth up to $270 million. jones was not in court today. he faces two more trials next month , including one brought by the families of eight other victims in connecticut. coming up a deadly lightning strike in washington d. c. what we are learning. about three people killed that includes a pair of tourists visiting for their wedding anniversary. also ahead . tonight changes maybe on the way for kids this sch

we'll see what happens fashion, you know, broom and dustpan kind of going around your house and irobot speaker in your house. what? you know what to do. no no, i don't. i'll keep my business to myself. let's put it that way. on the story here. that's read n sites in oakland and san francisco. backers of the measures say they're disappointed, but not giving up . ktvu is james tauruses live here in studio with us to tell us about the governor's reasoning, james some are suspecting that it might have a lot to do with a political future for governor newsom. number of local leaders say they're no longer happy with the governor's decision maker, london breed assembly and matt haney and local organizations like glide in san francisco, all called the veto tragic, saying they will continue to work to bring the idea of supervised injection sites to the table, and they argued the sites will help prevent overdose deaths in places like san francisco and in oakland. which are plagued by the opioid crisis, but those against the injection sites say this is good work from the governor, arguing, supervi

amazon has agreed to by irobot. it's devices are also used in bomb disposal. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. >> paying their hat on the idea that people can find a job quick. job openings are not a thing that we are supposed to be hanging our hat on. they lag in earnest in the midst of a recession. jonathan: from new york city this morning, good morning. tom keene, jonathan ferro, lisa abramowicz. futures up a little more than 0.1% on the s&p. crude, 88. not much price action going into payrolls. tom: vix under 22 shows the extent of how we have moved. right now we dive into the job support. mike mckee and jeffrey rosenberg will join. but we start with randall kroszner from brown university, now at the booth school at the university of chicago. the professor basically invented price theory, the dynamics of price within any system. do we understand the price theory of wages? do we understand how wages are actually d

. >>> amazon sucking up another company and this time it is irobot best known for its robotic vacuum cleaner, rumba. the company announced the all- cash deal today. and a big bear coming to dollywood. the country music singer, dolly parton announcing a major expansion and the new attraction is big bear, nearly 4000 foot long roller coaster, $25 million ride features hills, high-speed tunnels and waterfall and is scheduled to open next spring. >>> today at the pump, the average price nationwide is $4.11, that is down from 50 straight days, $0.90 over that time. one gallon costs 30% more than it did this time last year. >>> on wall street, the dow ended up 77 and the s&p down modestly, seven points. the nasdaq is off 63 but finishing up for the week for the third straight weekly gain. that has not happened informants. >>> i'm tyler mathisen in for sheppard smith. here is what's making the news. a car barrister and ellie intersection, the fire aftermath and what we have learned about the person behind the wheel >>> warner bros. shelves batgirl. why the movie studio decided to pull back

amazon is buying irobot for $1.7 billion.s rocketed up by 20% yesterday before the opening bell. the deal must be approved by shareholders and regulators and would expand amazon's reach into robotics. privacy experts fear this is a new way for amazon to get even more data on you so they can have an advantage in the market. it is already compatible with amazon's alexa. san francisco city college has reopened its campus. the school struggles with the climbing enrollment numbers. abc 7 news explains what is being done to bring the campus back to life. >> it is a day more than two years in the making. >> a special day. i would like to call it a mission day in san francisco. >> city college provides free tuition to all san francisco residents. it opens access to those living in or around the mission district instead of having to travel across town to their main campus. >> this is what we need. there is nothing better that you can give to a community than education. the future is ours. >> the campus still faces an uphill battle. be

. >>> amazon on the announcement to buy irobot. story analyzing who can be next a note from morgan stanley, keep an eye on consumer hardware names drug lower by revaluation reset. guys, amazon historically hasn't been especially inquisitive. whole foods by far the largest one. but there is an idea of build first, buy later amazon likes to try to do things themselves, put a lot of money into it. get to know the market and then buy i thought one of these picks was interesting too. love sack, a furniture retailer, down 47% for the year, market cap 528 million, a tiny little accusation for amazon. i don't know if it would move the needle a huge amount when you think about twitch, right, what they were able to get that at, turn it into something really quite grand they make the little d to c acquisitions. >> that's an interesting one we see that amazon continues to expand out, especially around things that go into the home right? so seonos was interesting to me it's digital it has a lot of data amazon loves data. they say they don't do

amazon is buying the irobot. that's the company that makes the roomba vacuum. and as the tech giant continues, expanding its smart home portfolio. >> people are questioning what this means for you and your privacy reporter nick smith has more on this roomba. >> no, not a dance move. their own robot vacuum. they've been one of the coolest pieces attack in my opinion that's been around for a long time. chances are you've shown yours off at christmas time. our pets have adjusted to their presence and they've served as entertainment a time or 2. but amazon's 1.7 billion dollar acquisition ofeai robots. self-sufficient vacuum is raising some eyebrows. is this just another way to spy the room already comes camera equipped, but it's the mapping technology that could really benefit amazon. now they can actually know the layout of your home and even products that are in your home to target. you. >> for further purchases of really anything, any kind of consumer goods. that's right. >> access to your floor plan need a bigger couch. how about a new rug? not a bad business

the support of all 50 democrats and vice president kamala harris in order to pass amazon is buying irobot the company that makes the roomba for 1.7 billion dollars. i robot saw it shares rock it up yesterday by about 20% before the opening bell the dealrody sd regulators and it would expand amazon's reach into the world of robotics and home automation. well some priv. experts fear. this is just a new way for amazon to get even more data on you so they can have an advantage in the market. the roomba already is compatible with amazon's alexa. san francisco city college has reopened its mission district campus nearly two and a half years after the pandemic began. this comes as the school struggles with declining enrollment numbers abc 7 news reporter lena howland explains. what's being done to try and bring the campus back to life. it's a day more than two years in the making today's this most special day. i do believe this is i would like to call it august 5th mission day in san francisco. it's provides free tuition to all san francisco residents the mission center opens up access for those

and amazon is buying irobot . about alexa playing music and she did and if i said clean my room that it would be a tornado. >> there it is, the opening bell . >> with the first day of trading with the nasdaq and tec marketplace. >> now, gina who does amazing work put out a piece to me versus performance in the s&p. you would not invest if you looked at her work, which i am trying to promote because it is unbelievable. >> just look at the index to get a sense, but i want to move on quickly. the market broadly speaking gives you a sense once you do a deal. >> i'm sorry, we are out here. >> nasdaq is up and nvidia is down. >> you and i talked about this and when the news happens and we are on air and i am frantic. all i have is what is in the release combat the release, itself is the prelude to the change at nvidia and i welcome it. first they went to serum which hurt them and then gaming. in gaming, we saw from best buy. best buy thought the gaming cycle would not end for another year. but the gaming cycle has run i

. >>> jim mentioned a deal with amazon today buying irobot for $61 in share.values at about 1.7 billion, and you have to look at everything amazon buys. >> i think that putting together a suite of things that you can just say, alexa. last night, i was saying, alexa, and i got two alexa's. my ipod over here, and i was like, oh my god. i realize there is music playing. now, when i say alexa, mop my floor. i guess she will mop my floor. she is a lot more hopeful than siri. siri does ot do much for me. >> right. coming off of the one medical thing, do you think amazon is establishing a pattern here? >> i think amazon is going to become your life. by the way, the fee for the medical is low. i am looking at it to supplement my current prestige, what, i've got one of those concert systems. this takes the zero off of it for me. i think that, yes. i think that they are going to be changing bezos' strategy. whatever they touch, i want to own. ultimately, i bet they do another thing where everything, you get everything. >> what do you make of headlines like yesterday whe

roomba maker irobot announcing job cuts. lauren simonetti with all the details.slowly start to add up. we might see it start to get worse. reporter: it is. the list is growing. we'll show you to you in a second. when you think about it, it's a tale of two stories. on one hand you have the latest jobs report. the economy added 528,000 jobs in july. that stunned economists t even stunned the white house. then you have corporate america painting a very different picture with thousands of layoffs this summer. here is a few. here is the list that continues to grow. it is across sectors. ford, netflix, apple, amazon, robinhood, oracle, all birds the sneaker people they're cutting jobs or freezing hiring. the tech industry is getting hit the hardest. crunch base 32,000 tech workers let go this year alone. so yeah, it is big companies. but even the small ones too. crypto companies are not immune. major ones like coinbase and gemini slashing their workforce. coinbase by 18%. and the reasons for the layoffs are varied. of course high prices, cost of labor, slowing sales, c

i-robot has halted at the moment and we're showing the move when it resumes trading are you in the irobotcking it out. i don't know, and it definitely is halted. >> a roomba. you know what a roomba is, right? >> yeah, i've seen it. >> vacuum cleaner, robotic vacuum cleaner it goes around your house. >> some people enjoy vacuum cleaning, andrew >> are you suggesting you're one of them? >> i know people who enjoy it. >> you know what i do enjoy? when the carpet goes back. you know when you can move the carpet each way and see the lines? like on a baseball field >> it's all part of it i have two german shepherds. it's very satisfying, although you need an industrial-strength vacuum cleaner, i'm not kidding. you really do. the carpet's almost a different -- can be -- if it's not maintained getting to eunice now. china responding to house speak e speaker pelosi's visit to taiwan with punitive measures stomping their feet. >> those punitive measures are being directed at the united states now so just moments ago china announced that it's cutting off talks with the u.s. in various areas. so thes

it also follows their deal to buy the maker of roomba, irobot.it's exploring selling itself. and finally here first solar, upgraded at bank of america to buy, $141 pice target. that's 15% upside. bofa credits the inflation reduction act and credits going to first solar. ashley: okay. look at solar stocks. lauren, thank you very much. the dow was down 242, still down 200. we should also look at the 10-year yield. the justice department, meantime, big day today has been ordered to unseal the redacted mar-a-lago search affidavit by noon today. tammy bruce joins me now. great to have you here, tammy. i guess my first question is are you, are you optimistic we're actually going to learn more with all of the redactions we're expecting? >> i don't necessarily think so. it's going to look probably like somebody got ahold of the most giant marker that ever exists and is blanking out a lot of these pages. [laughter] i think that we'll certainly know more than the doj and the f fbi wanted us to know because they wanted it to be completely sealed, so we'll h