sarah: jeff bezos has alarmed investors with his massive spending to get into new markets.o far, his efforts have been successful, like amazon's e-commerce platform. duds,others have been like it's smart phone. alex: the bottom line is that amazon investors have had to be patient, and in the long run, it has paid off. sarah: the stock is up 43,000% since the company went public in 1997. in the past 10 years, it is up 2100%. alex: snap is a much younger and riskier bet. for now, evan spiegel will be asking potential shareholders to trust him. caroline: coming up, verizon is close to a renegotiated deal with yahoo! after security breaches. the surprises just how little that discount is. we will break down the tentative deal next. later this hour, we hear more from the man credited for the payment app loved by millennials. venmo's ceo joins us. this is bloomberg. ♪ caroline: verizon will begin offering unlimited data, charging $80 a month for a $18 a month for a single user. it is an about-face for the biggest wireless provider in the u.s., which has steadfastly refused to off

jeff bezos of amazon. >> there is talk of space tourism.e -- i'm a guess i'm a little jaded about that too, because what we learn from the space shuttle, after all was monitored as well as any spacecraft, that roughly one to 2% of people we send into space are going to die. there were two accidents in a little over 100 missions. if that starts happening in the private enterprise where people die, you're going to see big problems. lawyers will be making money but i'm not sure anyone else will, assuming this all happens, we start sending tourists into space, would you be happy to go on one of those flights? >> yeah, probably would. i probably would. i wouldn't, i, i used to want to go to mars. the only wray to go to mars is one way. i think i'm happier here on earth. in the current climate, maybe mars is okay. ashley: matt damon made it back. >> that is the movies. the real world is harder. ashley: it is. thank you so much, lawrence. appreciate it on this president's day. >> thank you. ashley: up next, where is rick grimes when you need him?

is jeff bezos donald trump's best friend in terms of job creation?- capital spending, you have seen years, the past six seven years, eight years, and was on spending money, investing and logistics, fulfillment centers to get close to the consumer and out into actually -- actual logistics, transportation, airplanes, shipping, here is a company that is willing to invest because they recognize the long to death long-term revenue story is a long-term growth story and he will put the money up now to get close to the customer. francine: are they right? amazon has gone for market share and they think about the profits -- not secondary but they want to make sure they go to the first and then about making profits, when do investors lose patience with that? >> investors have been conditioned for the amazon story to invest for the long term. if we think back to 2015, they dial back the spending and put up pretty significant profits and the cloud business started to grow which is a profitable business. 20 -- and early investors got profitability but the last cou

jeff bezos owns "the washington post." that plays into the trump factor, it is everywhere the trump factor. >> if you're a company in the s&p 500, david, you want to get along with dt. you have opportunity. one thing amongst controversial things donald trump has done, he has reached out and i think connected, david, with the business community. it is such a sigh of relief, breath of fresh air to have somebody in the beltway that actually understands business from private sector experience. that is why corporations are in better shape than they were two months ago when obama was still in there. david: jason, not only getting along with donald trump, it is understanding what makes donald trump tick and where he want to go, how that affects things like the dollar. how that affects things like exports, right? >> you got it, 100%. that is exactly what i was going to touch upon. really, i disagree with people making a blanket statement that trump is good for the whole stock market and every u.s. company. it literally is a case-b

musk, like amazon's jeff bezos, has grand ambitions.want to be in on those, you've got to buckle up and get ready for an autonomous, driverless ride. there's only one real difference i can tell between bezos and musk, bezos never gave a damn about them, didn't participate, but musk answers everything, and the more outrageous the answers, the more everyone seems to like it. the cfo jason wheeler is leaving after only two years on the job. that could be horrifying. except he's staying until until april when he'll be replaced by the former cfo. tesla may be close to the edge financially, and as musk says it probably makes sense to raise capital and reduce risk. but when you consider tesla last came to the market with 9.3 million share back in may of 2016, you're up 41 points since then. maybe the next secondary is going to be a gift. i actually think the stock would have been up today if it weren't for the comments about the secondary. what's he doing? he's prepping you for the offering. shorts will probably fight for it. and, yes, musk wi

jeff bezos made a much stronger statement to his employees, uber also strengthened the statement.re was a little bit of a herd mentality, but you feel it. the tech industry is passionately against the idea of restricting immigration .passionately against the idea charlie: some like to dry difference between the idea of travis or brian and bill gates, and saying that gates and zuckerberg, they are more geeky, these guys are more sales and marketing people. brad: and they had to be. they had to be storytellers. not only were they talking to regulators in every city, but they were trying to enlist their customers in the political blocks. the only reason they were ever legal in the city of washington, d.c. is because travis personally got thousands of customers to email every member of city council and tweeted them. each city councilmember felt the ceiling was caving in on them, they were getting so much mail. they dropped some of the restrictive things they had planned. i do feel like these ceo's had to be different. we talked to bill gates in the early days. mark zuckerberg and larr

and jeff bezos getting a nod at the oscars.ll talk about the future of streaming in hollywood when "squawk alley" comes back. uh, yeah. it's over, larry. what is? the whole wheelie thing. what do you mean? i just got this baby to get around the plant floor. right, but now ge technology monitors every machine. yeah, it brings massive amounts of information right to you. so you don't need that. well, it makes me look young and uh..."with it." time to move on. oh i'll move on... right into the future. ...backwards. you're going backwards. the future's all around us! not just on your little tablet, my friend. >>> berkshire hathaway's warren buffett sitting down with becky quick all morning on "squawk box," weighing in on the market, valuations, and some specific investments, including apple. >> apple strikes me as having quite a sticky product and an enormously useful product to people that use it, not that i do. tim cook's always kidding me about that. but it's a decision based -- but again, it gets down to the future earning powe

jeff bezos has earned the trust of investors for some of these investments that are outside of the boxditional retailer to get into the logistics of transportation side of the business. amazon, you have proven if you can streamline your distribution and brendan closer to your customers, you can drive up and generate more sales. after this point, investors will give management the benefit of the doubt. one present talked about alibaba and how they are taking pages out of the amazon playbook. do we see the opposite happening? paul sweeney: it is interesting. they are clearly looking at what isbecause alibaba, interesting about the infrastructure and distribution, alibaba has been in the distribution side of the business in china because the mechanisms were not developed. they had to go and do that. alibaba has always been focused because they wanted a close to the customers now a more rural areas. that does amazon more confidence that maybe that is the way we need to go as well as we push out into more markets. david: paul, good to talk to you. paul sweeney for bloomberg intelligence. on

stuart: and amazon, jeff bezos vigorously against donald tru trump. and "the washington post."aria: jeff bezos owns washington post personally not amazon. it's the family. stuart: right there. gopro is near an all-time low. nicole, you want to tell me what's going on. nicole: gopro is a name that disappointed since the ipo. this week it's down almost 17%, they came out, and they missed it. there is a guy using a gopro. more people need to use them. they're not seeing the demand and goldman sachs noted for the holiday season, they had delays for their drone and also for their new camera. it's been a total miss since the ipo. down 75%. since the ipo in 2014 is. and you have competition and cheaper alternatives. so, gopro seems like a great concept, but it's been a total miss for anybody who believes in the product and them getting out new products. it's a miss and you can see the down arrows, 17%. >> that's a huge drop. thank you very much indeed. best buy has oculus rift virtual reality displays. you can use them, try them in the stores. and the news is, they're taking them out

jeff bezos who is the cofounder of amazon, he takes exception, why?ever new york post, whor your anonymous sources are in the story, they have micked up their meds. [laughter] >> the story basically said big mega brick and mortar market run by robots, jeff bezos pouring water in the story. stuart: not going to happen. [laughter] stuart: we will have for you more varney after this ♪ shopping network. tonight forget we've had other department stores who do the same thing. neiman marcus and nordstrom. >> and rapid fire donald trump tweets about this. he said can i read that, please, on the following? i can't read that. >> my daugherty have to think ahab treated so unfairly by nordstrom. she is a great person. always pushing me to the right thing. terrible. >> what do you say, liz? liz: what are you politicizing shopping for and politicizing clothes for? effectively i'm paraphrasing. >> everything's political these days. the super bowl was political, for heaven's sake. >> no, thank you. >> i'm about to hand it over to neil cavuto. nonetheless i could not

jeff bezos the guy who runs amazon.com is a big supporter of this legal action in washington. had some problems in the past. his newspaper "the washington post beats up donald trump left and right. jeff bezos probably feeling very good the judge he legally supported the guy from amazon.com ruled in his favor. brian: of course, ainsley is an amazon prime best shopper. ainsley: i am on that site all day long. brian: you and your elites. ainsley: you're not a prime? brian: evidently my wife is a prime. i just don't have the password. steve: you don't have the amazon.com password? brian: she went prime on me. steve: same account? brian: it doesn't let me on. ainsley: you might need to order something next four hours. steve: we could actually get you a necktie. brian: i think i look sexy and joel told me that earlier so i'm going to leave it off. ainsley: you feeling a little loose? brian: so yesterday on this very set, we had a chance to the eastern of the patriots who was kind enough to make it an annual event to appear on our show. ainsley: such a nice guy. brian: he told the st

jeff bes bezos went to twitter to deny it. in convenience stores.a better way to get into bricks and mortar grocery if they really want to do it handle the buy a whole foods and rebrand and it put a bunch of bots in there. you want to get margins up? that's how you do it. you fire up robots. >> what would they be buying? the real estate? >> you would be buying a store that people are comfortable going to. they go less and less. >> the blue apron. what i'm saying is all of a sudden amazon will go bricks and mortar. there's easier ways to do it. this could be where you buy the infrastructure. let them modernize it. that's how you get into the space. >> let's stick with things that are not. give yad, that stock was a major buzz kill today. the lowest level had had hixt delivered a weak never sales of its help tights c drug. >> the product of their own success. the victim of their own success. they have basically cured it. >> now what? dan has been on this stock since the down side since it was a $120 stock. that's true. unequivocally you've been saying

. >> did you have a conversation with jeff bezos on the news that amazon will spend $1.5 billion in investing in cbg? >> our airport can get a little bit of expansion. we're also concerned some of it may come from the wilmington air park, being from cincinnati, sara, you know about it. dhl pulled out and 8,000 employees lost their jobs several years ago. we were bringing some of the jobs back. we're watching that one carefully. it's a good sign that amazon believes our part of the world is a good place to invest. we want to keep the investment going in ohio. >> we'll leave it there. senator rob portman. >> thanks, bill. great to be on with you. >> thank you, sir. >>> we have rather odd breaking news. we are receiving word right now that president trump has left the white house on marine 1. this is an unannounced trip, and the destination has not been disclosed. we'll bring you an update as soon as we have more details on that. that's all we know right now. >>> brexit, wilfried frost joins us on the phone. they've cleared the first hurdle? >> yes. the prime minister's european union bill which

. >> do you see jeff bezos talking with cat walk?walk has jumped the shark. >> that inflates actual price. he probably sees -- the one thing i assume with amazon any time they enter the category, they have a tremendous amount of data on what time of stuff people buy. who is the likely candidate to be a buyer of this item and what the price point would be. >> this is a bad category to talk about. i buy t-shirts. i pay $3 for them online. >> if you look at the costs, had pr imark, $3.50. i can tell you. you can get less than $15, extremely high quality products. ? why do people get more? >> they must think it's worthwhile. some consumers must think it is worthwhile. there's victoria's secret at $39.50. a lot of people will go there in terms of premium. >> you've listened to the ceos of victoria's secret over the years talk about their product as if it is silicon valley innovation. we have the new thing something in the history of things we've never tried before. >> for a while that's what they were doing. but they've missed a couple of

your company like "new orleans times" and "washington post" with a deep-pocketed investor in it in jeff bezosan, in the 2020 report, you indicated you would be laying off people as well at the same time you're investing. what do you foresee -- >> our business, as i said, it's privating. we're building a digital business at the same time we're managing clients and print business. we have the biggest newsroom in north america. we're completely investing where we need to in great original journalism. our whole pitch to our audiences is about having more insight, more depth. we have, as you know, we have bureaus around the world. we have reporters across america. you asked about covering america. we, you know, we're the only general interest newspaper in the country which covers the entire country. >> i've heard the following criticism logged, and i'll say it again. >> so i can answer it again. >> for the public. the window for the stories, whether it's the front page, business page, the arts page, the style page, even the sports page, race, class, gender, sexual orientation seems to be the windo

. >> and even jeff bezos tweeted last night, if you know how to make 20% margins in the grocery businessou have his number you can let him know. >>> breaking news on shares halted on news pending. >> in the ongoing patent case between regereron on cholesterol drugs. a judge said the drug can stay on the market as it dukes out this patent case with am gen. a previous ruling had ordered rejenron drug off the market as the ways was proceeding because of a claim that it infringed patents on am gen's cholesterol drug. am gen had risen 2.75% before being halted. now it's down a couple of percent on the news. it will play out over a few months or more than a year as the case keeps going. regeneron reports tomorrow. the drug can stay on the market for now as they duke this out. back to you. >> meg, how big of a deal is this? they were one of the standout performers when biotech was flying. now, of course, everybody is reappraising everybody's prospects. >> that's definitely true. in terms of the cholesterol drugs, they're a new way to treat cholesterol using an injection rather than the typical

reports that billionaire jeff bezos wants amazon to be the next hbo or showtime. post amazon is in early talks about developing a new pay channel carrying its own first run dramas and movies. the paper says the plant was prompted by amazon's recent success of the golden globes in a number of oscar nominations for its movies. that is your bloomberg business flash. tom: jim mckay with us of critical group. a superb manager of what we're going to do with our money down the road. he and principal group do that every day. an actuary. jordan rochester with us as well. jim, i've been dying to have this conversation with you. a bunch of harry markowitz 1952 mumbo-jumbo called the efficient market. i would say it's going at the window. are we still trying to live a single digit reality or should we get used to double-digit returns again? >> i think it's probably single digit sadly. i think the reason for that is the technology is deflationary. you have automation reducing the cost of many goods and services. .lentiful commodities that is all tending to push down the return

they're spending money on innovation, which jeff bezos successfully has done.e's done it, he's not afraid to take risks. they dominated 40% of the retail market, they took 40% of the retail market and that's impressive. >> if we don't trust the expectation theory, does that abandons back from 804, 820, 830 sometime soon? >> i believe it's going to come back. what investors need to see for amazon so grow, they have to continue to build the facilities which are very expensive and they continually have to invest in content. if they execute on this plan, you're going to see significantly higher profits from them. stuart: one last one, 227,000 new jobs, the jobs report came out a half hour ago, i don't think it has much impact on the market at all. do you? >> it doesn't. keep in mind, this jobs report is very focused on the potential for there to be tax cuts and right now the tax cuts are up in the air. as i said in the last show, we have a very good possibility that we will not see 2017 tax cuts, which could affect sentiment and hiring. stuart: you're going to talk

jeff bezos owns "the washington post" and founded amazon, i used that phrase last year when i was being's a great, great phrase. but there are those say what about independent newspapers, do they die in the dark as well? anyway. stuart: controversy, i'm not surprised. a couple stocks in the news. this one is down. it's boston beer. they make sam adams. they are down about nearly 3% there. weak demand i believe is the problem. the personal computer business though, that is reportedly bouncing back. that is a new trend to me. that is helping hewlett-packard. they make them. and that stock has just hit a 52-week high with a 7% gain. who would have thought? >>> then there is this. an illegal immigrant caught smuggling thousands of dollars worth of meth per month. story police? liz: maria concepcion she was caught in florida. violent illegals working system. deported after convicted served three years. comes bake five years later. joins a 25-member drug gang in control. dealing crystal meth all throughout the south into california. what happened she went on food stamps as did 11 other member

making some comments about amazon where you were very complimentary of amazon, its founder jeff besos, probab -- bezos you've seen. >> i think he is. i've said that. it's remarkable, a guy gets in the car with his wife, starts driving and thinks how can i take over the world? maybe i'll sell books online. he's one terrific business person. >> that investor asked me, why don't you own shares of amazon. >> that's a good question but i don't have a good answer. obviously i should have bought it long ago because i admired it long ago but i didn't understand the power of the model as i went along. the price seemed to more than reflect the power of the model at that time. so it's what i missed big time. >> is it too late or you don't know. >> i don't know. retailing is tough for me to figure out. if you go back when i was a kid, in every town the guy that owned the billing department store was king, marshallfield, dayton in detroit, frederick nelson in seattle. you name it, the department store was king. what can happen to it? down there where streetcar lines crossed and women took streetcar there and could