we caught up with senior vice president jay carney and asked about the plan. y: these will become full headquarters. we will have shareholder meetings in these headquarters -- board of directors meetings, our all-hands meetings, our employee meetings in new york and the d.c. area, just like we have them now in seattle. he will move around. the rest of leadership will move around. and then, as these headquarters grow, we will have senior leaders based in each of these locations. i, myself, i'm on the leadership team. i live in washington, d.c. now. i'll be going up to new york a lot, which i'm excited about. we are a seattle-based company right now, but we long ago became more than just seattle. we have employees in 46 states. we have 18 tech centers across the country employing 20,000 people. we have invested over $116 billion in the u.s. over the last year alone. as you know, we hire a lot of folks, and we pay up and down the income scale. and these jobs will be high-paying and bring a lot of positive benefits to new york and d.c. emily: jay, how do you feel a

emily: what did you think of jay carney's response to that? as a company this big that is creating this many jobs, shouldn't they be getting these tax breaks and if the data is available to all, couldn't it be useful? barry: -- point is right that amazon was in secret negotiations with economic development authorities said it has a good sense of what those cities and states are willing to offer. this is a company that had 600,000 plus employees. it operates warehouses and data centers and other facilities in just about every state in the u.s. and around the world, and so it needs to have information to figure out what are the best places to put our growing demand for warehouses and white-collar offices and data centers and places like that. carney is right, but also that doesn't tell you the whole story about what amazon got out of this process. emily: barry, amazon had said this process was going to take two decades. two decades from now, how do you think this will change arlington, virginia and long island city? barry: i think the issue is h

guy: thank you very much indeed, emily chang with jay carney. oil extends its losing streak as opec flashes its global demand. we will dig into the details next. this is bloomberg. ♪ vonnie: from new york, i'm vonnie quinn. the european close on bloomberg markets. vonnie: oil extending its losing streak. and theyiea are out don't see eye to eye. was said about it earlier on bloomberg. >> 70 to 80? >> when you look at it coming from 40 to 140, we are narrowing it down, so 70 to 80 is the right price. supply.ed more the $100 a barrel. we have to that because it's not good for the consumers. it is not good for the producer. everything is stable, there is no geopolitical playing in price, iion of the think the price will stabilize. what should prevail is the correct balance between supply and demand reflected on the price. vonnie: we are joined by the bloomberg managing editor for energy and commodities in the in america's. -- americas. why is the crude oil market looking at this as a bearish note? u.s. wrench the mark price can't find a foothold. i

amazon's senior vice president jay carney. to talk more about the decision to split its headquarters, i want to bring in the open market institute executive director andy lynn from washington our bloomberg correspondent. who do you think the real winners are here? >> i think amazon is the big winner. they have made the selection process highly public, so it has generated a year of. publicity. in each of the cities that was vying for the location, places like birmingham, calgary, alberta. think amazon is the biggest winner. emily: i know you are a skeptic about this, but do you think amazon took advantage of cities in this process? >> absolutely, no doubt about it. aboute just talking amazon stuff this immense amount of data from cities across the country. and it is not this publicly available data, it is data about what kind of deals, tax deals, tax breaks, subsidies will these administrations put forth to lure in investment. a lot of this information was entirely secret, available to no other company. is, as just mentioned, a

jay carney is amazon's senior vice president. >> we need a lot of tech employees, software developers, computer scientists, tech hgineers, and both cities have available talent locally. en reporter: the news ended a grand, 14-month marketing campaign that inspired 238 cities to go to enormous lengths to win the prize, some of it bordering on the absurd. the mayor of kansas city, missouri, wrote 1,000 amazon product reviews and posted a lfdeo of himself doing it. but amazon may be the biggest winner, getting more than $2 billion in tax giveaways, as well as a massive amount of marketing data that the 20 finalists handed over, all of which gives the online retail giant a leg up on its marketing, icipping, and logistics decisions. the cities clearly believe amazon will help them, but if the experience of its home headquarters of seattle is any rdicator, the relationship could be rocky. amazon has been blamed for seattle's stagnant wages and lack of affordable housing, and that has residents, like new york's jonathan westin concerned. t> we don't need to recruit businesses to come here. t

jay carney is amazon's senior vice president. >> we need a lot of tech employees, software developers, computer scientists, engineers, and both cities have available talent locally. >> reporter: the news ended a grand 14-month marketing campaign that inspired 238 cities to go to enormous lengths to win the prize. some of it bordering on the absurd. the mayor of kansas city, missouri wrote a thousand amazon product reviews and posted a video of himself doing it. but amazon may be the biggest winner, getting more than $2 billion in tax giveaways as well as a massive amount of marketing data that the 20 finalists handed over, all of which gives the online retail giant a leg up on its marketing, shipping, and logistics decisions. the cities clearerly believe amazon will help them, but if the experience of its home headquarters of seattle is any indicator, the relationship could be rocky. amazon has been blamed for seattle's stagnant wages and lack of affordable housing, and that has residents like new york's jonathan westin concerned. >> we don't need to recruit businesses to come here. t

, we appreciate greg leroy from good jobs first, coming up, we will speak with amazon spokesman jay carney about what amazon will bring to the table and presumably he will have sharp rebuttals for what you just heard. >>> oil is tanking right now, get it, oil tanking down about 6% big canarys in the cole mines. the longest losing streak ever if it ends this way. what's causing the oil slick and how much lower it may go from here. we'll get a live report from california on the wildfires burning. the consequences underwater can escalate quickly. the next thing i know, she swam off with the camera. it's like, hey, thats mine! i want to keep doing what i love. that's the retirement plan. with my annuity i know there's a guarantee. annuities can provide protected income for life. learn more at retireyourrisk.org annuities can provide protected income for life. ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. welcome to emirates mr. jones. just sit back, relax and let us entertain you... ...with over 3,500 channels of entertainment, including the latest movies and box sets from around the world.

. >> the vice president's communications director -- or press secretary, biden and obama with jay carneyh, everyone. >>> inside the gut-wrenching and frantic search for the missing in the california fires as the list surges to 600 people. stay with us. this is not a bed. it's a revolution in sleep. the new sleep number 360 smart beds are on sale now during sleep number's veterans day sale. it senses your movement, and automatically adjusts to keep you both comfortable. it even helps with this. so you wake up ready to put your pedal to the metal. it's the final days of our veterans day sale where the queen sleep number 360 c4 smart bed is only $1299 - save $400. plus, 24-month financing on all beds. ends sunday. sleep number. proven, quality sleep but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. ( ♪ ) ready to juvÉderm it? correct age-related volume loss in cheeks with juvÉderm voluma xc, add fullness to lips with juvÉderm ultra xc and sm

jay carney, press secretary for obama.d have to raise taxes on corporations. now is that amazon defending the tax goodies a spokesman for amazon right now. stuart: we should remember amazon does not have to build any housing. they don't have to employ locals and jeff bezos gets his own private helicopter landing pad at the new facility. stuart: it's a big wording on the existing infrastructure. no doubt about it. >> this is why alexandria ocasio-cortez -- >> just sit there and not have any development and stagnate what you look forward and grow. >> we understand what she's saying about corporate welfare. shady dealings in the broader corporate welfare argument. to listen, and this gets the ntn governor cuomo off the couch to fix new york city subway system and go at it. stuart: spoken like a true new yorker. you see on your screen amazon is down about. the price of gold friday $1200 for some time. it's going to be about 6300 bucks. below six program as of right now. waymo joined by google of course. writing on service next

ahead, speeches from the bank of england's governor mark carney and then fed chair jay powell.that coming up live on bloomberg. this is bloomberg. ♪ guy: live from london, i am guy johnson. vonnie: this is "bloomberg markets." guy: time for futures in focus. let's get down to the cme. oil is under pressure. we are working to see will happen this weekend at the g20. some of the big heavyweights in argentina. we have the opec meeting coming up. bob, what do they make of the data down there, c.p.a. data, and what is -- the epa data? bob: the build is a little more than expected. in gasolinedraw that helped shore up futures a tiny bit. the data comes out. we dropped down below that more than -1.25%. we have rallied a little bit. i think that is in the refinery utilization part of the number that jumped up to 95 and change on the percentage. that leads crude oil prices in the short term because that is an point demand, refinery demand combined with the gasoline drop. you may be starting to see a base. it may not be today but it may be coming. guy: what is the positioning like ahead

we look at jay powell and governor carney talking about brexit.ound $60 a barrel. tom: the powell speech was big. and othershere assembled from bloomberg. it is going to be an important speech. what i noticed overnight was the shift for prime minister may. illance"l deserve "surve translation. francine: let's get straight to the bloomberg first word news. president trump has renewed his attack on federal reserve chairman jerome powell. he told the washington post that he is not even a little bit happy with his choice to head the central bank. hikes forrecent recent stock market declines. to the postested that you may cancel his planned meeting with russia's president over that confrontation with ukraine. the president said he is waiting for a full report from his national security team on what happened. the two leaders planned to meet argentina.summit in the european union has unveiled its long-term vision for fighting climate change. it out its plan for a carbon neutral society. this comes after president trump rejected his own governments warnin

carney says the nation could suffer its worst slump since world war two. nejra: u.s. stocks surge the most since march yesterday and the dollar dropped as jayikes an unusually dovish tone on rates. when you are traveling to work, tune into bloomberg radio on your mobile device or dab digital radio in the london area. this is bloomberg. ♪ >> interest rates are still low by historical standards and remain below the range of estimates of that level that would be neutral for the economy. that is neater -- neither speeding up or slowing down. we do not detect a broad-based lowering of buildup of leverage. dealers appear robust. from a financial stability perspective, today we do not see dangerous excesses in the stock market. we note the economic effect of gradual rates are uncertain. we will focus on what economic data are telling us. as always, decisions on monetary policy will be designed to keep the economy on track in light of the changing outlook for jobs and inflation. nejra: the bond market reaction in the u.s. session was muted to help off comments, but the s&p rallied more than 2%, the most since march. today, we are asking the questio