. >> i want to make sure i get the right credit and it was mike rosenberg in the seattle times and he calculated the amazon accounts for 19% of the city's office. >> right. >> astonishing. >> right. >> should we be scared of amazon? i find it, despite the fact that they're clearly taking over the world, i think probably because i like buying book, and i think they just do everything so well and now they're in whole foods and they've replaced avocados and, they're a tough company to get scared of because they do things that seem and certainly with the question, is there an anti-trust element here? no, because they're reducing the prices for consumers. are they scarey? should we be more scared of them than we are? >> there could be anti-trust issues down the road. >> there could be. here's the way i would break the question up. as a consumer, i don't know if i would be scared. if i'm a competitor and someone in retail, you talk to the bookstore owners and how it got disrupted and i'm concerned. what they're delivering for consumers is consolidation and ease. i need something. there was

mike rosenberg calculated, seattle's the biggest company town in america. amazon has a big presence here already, renting on market street, east palo alto, land in sunny valley, we doubt they will move here. >> i bet they'd be on my doorstep, honestly. >>> so apple has reportedly struck a deal with song music warner music. the tech giant's first agreement with the major labels since launching apple music two years ago. shooern, the red hot chili peppers and bruno mars. apple plans to pay record labels a smaller percentage of sales from the subscribers than it previously did. apple also reportedly eyeing a similar path with taylor swift and justin timberlake. >>> and bad news for toys r us. the company reportedly hired a law firm to look at potential options, including finances or filing for bankruptcy. this comes as they are dealing with mounting debts 2005. competing with walmart which is now the largest toy seller. >>> help is on the way for business owners in san francisco struggling because of constant construction. according to the examiner, mayor ed l

mike rosenberg at the seattle times said seattle is now the biggest company town in america. it's renting space on market near twitter, it's not space in palo alto and space in sunnyvale it bought at well. headquarters is not going to be here. >> and the store front. >> yeah, across from the old borders. >> what'd you buy. >> i did buy a book and it's kind of cool you can buy it on your phone. you buy it and take off. >> oh, wow. i can do that at home too. >> thanks, scott. >>> well, maybe you woke up this morning with a little extra adrenalin. >> i did. >> a trivg twink until your eye. >> i don't know why. >> i can tell you why. today is game day the nfl season kicks off tonight. the new england and the only place you can see it, where else? right here, nbc bay area. the patriots and the chiefs take to the field tonight. it all starts at 5:30. also stick around after the game for a special edition of nbc bay area news. >>> that's what it was, i don't know why i knew that this morning. all right. let's check the forecast. it is nice out there. >> it is nice and we're starting

. >> we can do this with jeffrey rosenberg mike, let me go to you first. the reduced inflation along with real gdp is the macro economic advisers as a runway to 1.7 percent, the third quarter. is this a subpar american economy, is it 4% nominal gdp? >> it is not what you see on the forecast. it -- it depends on inflation. not lowering the gdp forecast. they raise it are 2% the next two years after that, what they previously forecast. is what question happens to inflation. they brought down inflation figures. the we could charts on the screen. moves in the market with a two-year out trying to find a , higher yield, stronger dollar, weaker euro. scarlet: jeff rosenberg, what did you take away from that? jeff: you did not get more dovishness out, i think that is the first takeaway. the second one is in terms of the path. it shall is a bit outward. a new 2020 forecast keys people a little on the runway -- the runway. if i'm looking at this correctly, if it -- it did come down a bit. it was not unexpected but it offset some of the disappointment, if there was s

. >> sandra: mike emanuel, thank you, sir. let's go to simon rosenberg and alex koenig, partner at fire house strategies. thank you to both of you for joining us. alex, you just heard the news from cassidy himself. we don't have the votes so there will be no vote. they will postpone it. >> i think that was probably the waoeu thing for them to do. i work with a lot of health care groups. there wasn't a single major health care group in the country who supported their legislation. it appeared to be a rushed legislation. i think they're taking the prudent step by delaying that vote. not to say obamacare doesn't still need to be fixed. there are big problems with the healthcare market. hopefully senators can continue to work on the scenes, bring stability to the markets, bring down premium, make sure everyone has access to healthcare like republicans have been promising and that president trump has promised to do. >> sandra: simon, graham says back to the drawing board. what does that look like? >> you know, before this came up in the last couple weeks, ther

. >> jon: joining is now, simon rosenberg and boyd matheson, former chief of staff to senator mike leeutherly institute. boyd, i'll start with you. congress is fond of saying that they can walk and chew it the same gun -- chew gum at the same time. we need to allocate some money for harvey relief. we need to raise the debt ceiling. why tie the two together? >> they shouldn't, it's irresponsible to tie those two things together. unfortunately what we're seeing is more washington as usual which is why there almost there and they can almost walk and chew gum at the same time. unfortunately what you're seeing as we have to pass harvey to solve the problems of the people in texas. tying it to the debt ceiling only solves the problem of politicians in washington. that's with the mayor can people are tired of. there's no reason to link those two things. if we need $15 billion for harvey relief, let's get that end. we don't need to raise $2 trillion in order to pay the 15 that we need for harvey relief. congress needs to do things one step at a time, let's have that debate and conversation wit

mike schumacher of wells fargo staying with us. we will have the latest analysis and reaction trump janet yellen and jeff rosenberg of blackrock wille joining us as well. we will have full coverage of her remarks following the fed decision at 2:30 eastern time wednesday. ♪ >> this is "bloomberg daybreak." i am taylor riggs. a big acquisition today in the defense contracting industry, northrop grumman has agreed to buy orbital in a deal worth $7.8 billion. weaponsmakes advanced and space systems. the world's central banks cannot ignore the bitcoin boom. at some point central banks may have to consider whether they should issue their own digital currencies. that is your bloomberg business flash. jonathan: thank you. jamie dimon turned the conversation up on this last week. take a look at what the ceo of jpmorgan had to say. >> if we were to trade at 6.5 in the second -- [laughter] morals, andinst our it is stupid. jonathan: joining me is stephen parker and mike schumacher. what are people who trade bitcoin like? >> i have no upside to agreeing with jamie on this one. focusing on global equity markets is important, and the technology