scott galloway is still with us from nyu.the oscars and he deeply understands online retailing. you say stores are the new black. >> brick companies are trying to figure out a way to have very robust e-commerce channels. e-commerce companies -- you will see amazon open stores. others are opening stores. >> is the store to have a retail storefront to get walk in traffic or is it to have a warehouse or you can deliver things more efficiently if you're an online retailer? >> it is incredibly flexible robust warehouse is that are called stores. >> does online not work if you are one individual brand because you need to create the in-store theater? shop up needs a physical presence? >> name and e-commerce company that works. you know what the underlying unit economics are. amazon's transportation costs were $6 billion last year and they are going up 40% a year. who just laid off 150 people? keep going. i like this. >> i agree with scott. i question the whole internet retail thing. last night, there was a moment in the oscars where

daniel bernstein and nyu marketing professor in front of the show, scott galloway. >> coming up, newbout medicine you take -- the fda joins forces with a silicon valley startup. ♪ >> i'm erik schatzker. this is a good time for headlines around the world. french authorities have issued arrest warrants for three former ubs bankers. the french are investigating whether the swiss tank help clients of aid taxes. ubs has posted a 1.3 billion dollars security deposit in case it goes to trial and the brain -- and the bank is found to be guilty. the british inflation rate showed -- slowed to its lowest rate on record. the big reason is the falling cost of gasoline and financial prices on the other. the french president has used an emergency constitutional measure to push through economic reforms stop lawmakers from his own socialist party of out to reject the legislation, arguing the bill reduces the job security that has been the hallmark of the french labor market. >> the fda is getting cozier with silicon valley, opening a massive database so they can share more information with technology