my theory is these analysts are the same gang that covers the stocks, facebook, amazon, netflix. apple is the slowest grower by far. if they grow at a 1 % clip, that's a disappointment. for the revenue stream, that's a loss my solution, you need to view every hardware sale as like a one-time game. hardware is cyclic l but the subscription business is like a cable company. follow with the tech analyst think about a cable company hits you up for more money every month. they have a 99% satisfaction rate they do no favors but saying there are 420 million paid subscriptions. we don't want that how many subscribers, not subscriptions. we need that we need to build models. what's the churn you can find out the lifetime value of the subinstructioscrip. i know this business here is the issue, a tech analyst who covers hardware or software companies won't understand any of this they might not recognize the lifetime value of a credit card holder you can do the streaming, let's say bang k of america if you have 1.4 million people owning it and you know the rate and churn, you can see the pri

will see what happens with apple but it seems to be setting up for the same thing with facebook and amazon. i don't know maybe the market has finally gotten too far ahead of itself so maybe we're in for the 5% pull back tony has been talking about. >> are things different from what we thought powell would say? i mean 25 basis points, ending the balance sheet run-off earlier by two months, and then sort of -- you know what's next. >> we're going to grade the fed president later on in the show that will be a lot of fun. as guy is critical of the president's statements, i am as well i have to say though, i think he's right i think the market was expecting a much more aggressive fed and the market is only going on what the fed had guided them to i think we got to a place where the fed a's pivot for most of 21 is we're no longer in that immediate. three or mowre cuts in 2019 is something firmly on the fed's shoulders. the dow is no longer under control of the fed, and maybe it is not supposed to be once again, but central bank differentials are clearly a catalyst and a driver for dollar and dol

charles: in an amazon world where everything is cheap, everything gets lower and lower, maybe we're in a situation where the focus is not on what we were focused on when ronald reagan came into office? >> i think we would at least try to remember some things. if this is an environment which you have to cut rates when we just saw in some revised wage number that were out yesterday, all of you were reporting on it, 5% clip in 2018. 4.7% revised in 2017. wages and salaries taken together running at a 5 1/2% clip in june. the savings rate at 8.1%. i'm just saying i'm looking at all this and i'm saying, if that is an economy in need after little goosing on the part of the federal reserve, man, that is not the economy that i remember in the past that would require it. charles: maria, what powell is saying what he has said he wants to preserve those numbers neil is talking about. why be the fireman, why let this thing fall apart to try to put it back together if they can take steps, a, lou, to compete in the global economy against other central banks? and b, keep the prosperity going? on janu

they're trying to turn their offices into an amazon warehouse in order to get the tech valuation. i don't buy it >> so all of this is happening as they get ready for what reportedly could be a september ipo. this is probably one of the companies with the most hide-profile criticisms of its business model even uber and lyft did not necessarily have the heat on them like wework their valuation has continued to go up, but what's interesting about this is something we hear with wework or we company is the amount of capital that the founders have allegedly taken off the table, in secondary sales, with every one of these rounds, the founder will take a few chips off the table. this happened when snap went public we're talking about an order of magnitude more that has already gone in the possibilities of the founders, which is over $500 million. that's a lot of money that they are effectively holding on to risk free, because they sold it on the ride up. >> do we know if we're looking at -- so you want the last they were valued's juan $47 billion are we expecting them to do much more than

it's oil, nat gas, amazon, right, cheaper products, you know, robots. so there's a lot of forces in the u.s. economy and we know that the trade fight is tamping down business investment. i don't see weakening the dollar improving business investment. i think the fear is that you raise rates, to dagen's point, you will have more long-term capital management. neil: it will continue the froth. >> i think you're right. >> that trade fight probably has a lot to do with what will be happening today and what will continue to happen. all the indications we have from the talks in shanghai is everybody expected, is we are really going nowhere fast. i don't think anybody expects us to be going anywhere fast. neil: the longer this is unresolved, the more rates would probably come down. >> but i think there's motivation on both sides. everybody keeps talking about how china's trying to put this off until after the election. i have been seeing, i keep getting indications from the president himself in his tweets and comments that he's maybe motivated to do the same, t

she used to work for amazon web services. a tipster eventually contacted capital one, said you know there's someone on the internet right now that's bragging they have done this. turned it over to the fbi. the fbi was able to very quickly find the suspect's address. boom. there you have it. she's now facing charges of computer fraud and abuse and could spend five years in prison. stuart: i don't think the security of the cloud is at stake here. ashley: no. stuart: what's at stake is your employees. ashley: yes. stuart: if you've got one disgruntled employee who is doing this for whatever reason, look at the damage. 106 million people. susan: they put a number to it already, capital one says it will cost $100 million to $150 million in terms of cost. compare that to equifax, over $500 million. much broader, by the way, number of customers impacted there. stuart: okay. >> 200 years ago -- they took down one employee took down a 200-year-old bank. stuart: how do you find the bad apple before you put them to work? the ten-year tr

do you think the government will be deciding any of those winners if they think about breaking off amazon web services or anything? >> i don't really worry about that i do think that the government will try to take a whack at everything here. it will be part of everybody's political campaign we heard some of it -- although tech wasn't specifically mentioned last night with the democratic candidates, there seems to be sort of a lot of anguish toward anything that is large and growing. but we depend upon innovation as the backbone of this country and we also do see every enterprise becoming a software company and looking at how they improve their digital experience with customers we do truly have a global digital transformation under way. and there are many benefactors in the enterprise software space including companies that are critical to the long term viability of every enterprise which are the cloud vendors themselves microsoft, google and amazon >> having said that, it is not just the democrats, it is the republicans at this point too who are not thrilled with big companies on any lev

but just in the way the story is developing, she had worked for amazon cloud services for a number of years. she's clearly mentally having a lot of battles. one thing that let the fbi find her home address was she had shared a vet bill, i guess her cat was sick, so it had her home address, her real name and that's one of the reasons they were able to find her and arrest her. maria: wow, incredible story. >> it just shows somebody very much on the fringe but who wanted some sort of acceptance if you like from her peer group. but we know with equifax, for example, which went through a similar hack, they paid $700 million to settle a lawsuit, i should mention a class action lawsuit was filed yesterday in dc, someone in connecticut who has been affected has started to gather the troops. >> you know, maria, what is chilling in this case, a lot of hacks we think of foreign agents or people overseas. it's a reminder that for big companies, you've got all kinds of developedders coming in and out, -- vendors coming in and out, and a determined hacker who has an inside track, it's very, very ha

she is a former worker at amazon's cloud decision. the bank tells fox news that every current and previous capital one customer and anyone who has applied for a credit card at capital one could also be affected by the hack. cheryl: a senate panel is holding a hearing this morning on the federal aviation administration, particularly oversight of the agency. the senate appropriations committee expected to discuss the future of the boeing 737 max. the max has been grounded since march after crashes that killed nearly 350 people. boeing last week posted its largest ever quarterly loss. lauren: tariffs are mentioned in many of the conference calls held by these major corporations reporting their quarterly results. in fact, treasury secretary steve mnuchin and robert lighthizer are in shanghai, china right now for day two of talks with top chinese officials as president trump is ratcheting up pressure on china to quickly reach a deal. cheryl: jessica stonies at the white house with more. good morning, jessica. >> reporter: lauren and cheryl

amazon says its cloud storage wasn't compromised. a lawsuit seeking a class action status has already been filed. ed good news for customers is that capital one said none of the stolen info was shared or used to commit fraud in any way. still the company is offering free credit monitoring if you are worried your info has been stolen. >> remember when banks talk like that, that they know of so far. they can't define the fraud potentially going on. do you remember this moment when the 2020 democrats raised their hands saying yes we'll support free healthcare for illegal immigrants. president trump tweeted at the end of that web said that's the end of the race. let's bring in healthcare expert seth benson. that was a big moment. what was your take when you saw that? >> i was shaking my head. i don't know if i tweeted out anything. but i thought to myself. these democrats on stage are running like they are returning for the 14 stht congressional district of new york, not the united states of americans. liz: we are dig into polls from kai

we saw it with facebook recently and we saw it with amazon recently so it is logical to think we night see the same thing happen in apple tomorrow. >> the way gene set up the rest of the year in terms of the quarter, i mean september they raised the guidance as you pointed out as well, december the comps get easier this is almost a glide path to the refresh of the 5g phones next year. >> yes, well, you were talking about that yesterday okay do people give it a pass on an okay quarter if that comes up? because 5g is just around the corner. >> i don't think 5g is anywhere -- >> all right mull presidenti multiple needs to be higher. >> but if you look at what gene said, the point is a lot of analysts have a hold or sell on the stock that have to upgrade it here. of the 48 analysts that cover it, there are 25 holds or sells, the lowest number in about ten years. i think you have to see the upgrades come up here. >> is it faang >> in the extended faang. >> aa. so clearly we had a reshuffling of the faang leadership in the last two weeks if you look at what has gone on with apple and amazon,

it was compromise by an alleged former amazon employee who was able to access the information stored by capital one. investors are concerned about this. but should consumers be concerned? >> often we see stocks and the reaction is an overreaction. you can look at equifax, i it regained a lot of the market cap it lost. target, the stock has gone up quite a bit. >> healthcare companies too. this is an inside job. is doesn't look like it was completely the fault of cap one. >> this is important to a lot of people who have their information out there. generally the question is do people care? i think they do care. but i think they have become desensitized. if she takes it and does something with it where you have a detrimental consequence. people care. it's just not that much they can do about it. >> you are vulnerable over and over again. when we have had a lot of these breaches most of he people have not been affected. >> i have to say, despite the fact the stock was down, it's only back to where it was in early july. we have a lot to tell you, a story about delivery drivers and your f

authorities are saying that most recently, she worked at amazon web services and as they look into the allegations that she's the one who single-handedly ripped off all of this information, we will look at the credit card issuers elsewhere and see if there is any kind of possible, you know, halo effect, negative halo effect. not really here. we do have mastercard down three quarters of a percent. amex down half a percent. visa lower by 1%. >>> okay. so as we watch hour by hour, this does matter. now it's 23 hours away. we will finally find out just how much the federal reserve is set to cut rates. notice i didn't say whether. they are going to cut by a quarter point. that is what everybody thinks. one financial firm is already raising its outlook on stocks because it feels that this will be the catalyst for stocks. goldman sachs upping its 2019 year end price target for the s&p by 3% to 3,100. currently, we at the moment for the s&p are at 3,013 so we are really not too far off. goldman also set a 3,400 price target for the s&p for the end of 2020. that's another 10% rise from current

dragging amazon into the mess. that and so much more on "making money". ♪ charles: the fed kicks off the two-day meeting, the president has a message, start cutting. >> i would like to see a large cut and i would like to see immediately the quantitative tightening stopped. >> quarter point enough? >> then to have done quantitative tightening, also higher interest rates simultaneously, i think was a big mistake. charles: while the fed is expected to cut rates a quarter basis point president trump's unrelenting pressure on the central bank comes as the american consumer continues to hold up the economy. consumer confidence surging to 135.7. keep in mind that versus an estimate of 125. here to break it down, bellpointe chief strategist david nelson and author of the up side of inequality, ed connor let me start with you, david. first of all, the fed tomorrow, what do you see happening? >> it will be 25. this is the worst-kept secret in a long time. if you cad me the question i might have gone with nothing as the eco

apparently was able to access a web application in the cloud service provider used by capital one, amazon, and steal this information and take it to social media and many different social media accounts brag about what she had found she was arrested earlier this week >> and the breach apparently took place in march of this year why are we only finding out about it now >> it apparently started in march and went through july. so there's still some things that are a little unclear, but it looks like he only recently was able to get into the information she had stolen and started bragging about on social media. that's where the law enforcement authorities caught her >> was the vulnerability in the cloud at the cloud provider, in other words, amazon web services, or was the vulnerability solely at capital one? >> capital one builds its web applications on an amazon cloud server so the vulnerability was in a firewall that was owned by capital one and managed by them. but that sat on an application on the cloud server. >> was this perpetrator working with anybody was she selling the data to russ

we got a statement from amazon. it says amazon web services was not compromised in any way and as they put it functioned as designed. for capital one this lawsuit could be the beginning of its troubles. the company estimates that the breach could cost them up to $150 million. neil. neil: grady, thanks. a new probe of parents using a legal loophole to get college financial aid for their kids. jackie deangelis has more. >> nice to see you, neil. outrage over a new college admissions tactic concerning financial aid. "wall street journal" is reporting that the education department is investigating a loophole where wealthy parents transferred guardianship of their child to qualify for scholarship of their grants. through the transfer, only college bound earnings, their earnings savings are considered. still legal, no, but it reads as a whole lot of ethical questions. some college consultants are advertising they're able to save families money without specifically saying what that methodology is in the marketing materials

i mean, amazon is off a hundred bucks from july 12th, but really, in kind of a weak take for large cap today, as well it's hard to read. >> true, indeed. >>> let's get over to sue herrera now for a knnews update. >> here's what's happening at this hour. president trump talking to reporters before heading to historic jamestown in virginia to commemorate the 400th anniversary of american democracy. he says black legislatures who plan to boycott his appearance are going against people of color. >> they're so happy that i pointed out the corrupt politics of baltimore it's filthy dirty, it's so horrible, and they are happy as hell so you may have a couple of politicians boycott, but it's all a fix. >> thousands of sudanese students have taken to the streets. security forces fired live ammunition on monday to disperse student protests, killing at least five people. >>> and take a look at this. a cable stayed bridge with the world's largest and heaviest span was rotated into position in northern china and that bridge will have eight lanes on its 130-foot-wide deck the bridge's total weight, i

amazon is huge in the cloud. the stock is down 8 bucks, 1903. >>> facebook says its digital currency, the proposed libra could help law enforcement. do we have anymore on this, why they're saying that? susan: basically facebook is trying to sell libra to regulators saying it is okay people thought and do say cryptocurrencies is a haven for money launderers, i will is lit activity, drug dealers as well. david marcus, the head of colibra and libra at facebook says if you look at blockchain technology which is behind crypto, it's a public ledger of transactions, you have to put information out there in the public. using that information you can trace people, to help law enforcement track down who is using this, the bad guys in all of this. but of course, you know, we heard from the president and saying that if you want enact libra you better get a chart, a new currency at play around the world. stuart: before we close out this block, i do want to thank my colleague and friend mike murphy sticking with us religiously

>> amazon webb searches have been so impenetrable you can't game fraud that's one of the reasons why cyber arc is always taught there are people who can lead. they have the keys to the kingdom and you have to try to stop them. this was not equifax it was espionage. >> the stock is nowhere near the equifax situation on capital one. >> capital one eyes glaze over, until they look at their bank account one day and maybe something changes. capital one, people are going to have to say -- richard cramer is a pretty good guy -- smart guy i don't mean pretty good capital one has been the one to shoot against. they make you pay a lot and give you a lot of credit. this is apple's chance apple is not as opportunistic as i would like them to be. people will be up for grabs if this thing mushrooms. >> mastercard up 21 stock is a little bit lower i think. >> it is down -- my travel trust owns it. they did not guide up the way i would have liked but mastercard is one of those stocks where you wait three days and then you buy them. here's the problem with mastercard thin tech is like cloud tech thes

so she knew amazon's system very well. in this case, where capital one had a potential breach in the firewall, she was able to get in and she used the screen namer ne eratic. there was a white hat hacker who fight ifigured it out and got ih with capital one. as you go to the cloud, the risks are increasing. here we have one for capital one. the ceo addressed it, saying he apologized to everyone, doing their best to address it. maria: look at the impact on the stock, down 5% on capital one. >> this is serious, 100 million people. maria: normally you see all of these hacks from china and russia and you understand what they're trying to do, try to infiltrate our systems. but an american citizen just hacking, a hundred million accounts. >> it's the new face of criminality, the jesse james of this century, i guess. >> we saw with equifax finally a number put on the cost to the company when they had a monster fine for having allowed a lot of data to get out. i think this is no longer sort of a sin-free world. now regulators are

you saw a statement come out from capital one where is amazon in this? what does this mean at a time when everybody is moving to the cloud. capital one has been very aggressive moving to the cloud when we talk about a firewall that was misconfigured on whose end, assuming from -- from the reporting it suggests this information was sitting on an amazon server, on an aws server does this become a larger story about aws? >> i think that's an interesting question to pose she is a former aws employee >> she's a former aws employee the data was sitting on an aws server unless i lost my mind, i would say, okay, does she know something about the way these servers are configured with clients that others don't? >> it was on an aws server she -- they didn't look to see whether i had done this, i can tell you that much you need some serious expertise to be able to do this, right she's got years spent working at aws. even though she's, you know, fatherly young fairly young, 33. i read they put up a flimsy firewall >> i'm trying to understand is that a flimsy firewall

$150 million thi year back over to you >> the company was unnamed yet the guy was a former employee of amazon web services, but we're not putting two and two together right now >> that's right. this clearly seems like it's still under investigation. that's according to the "wall street journal" and their reporting. we'll have to see how this unfolds. >>> on deck, is the sizzle finally coming off of red hot beyond meat? shares losing more than 10% right now. we'll tell you why next. these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. get a 4-week trial plus postage and a digital scale i had a few good tricks to help hide my bladder leak pad. like the old "tunic tug". but always discreet is less bulky. and it really protects. 'cause it turns liquid to gel. so i have nothing to hide. always discreet. >>> bp shares are higher after second quarter earnings beat forecast production is up 4%. profit coming in at 2$2.8 bil

the rhetoric, the jock-killing tanking amazon in new york. that's why i'm in the race, greg. gregg: i believe the estimate is 92 trillion dollars for the green new deal. that's why when it came up in the senate, not a single person was in favor of it. her comments show she is economically illiterate. >> we are driving business out of the state of new york. it's what people in the bronx so desperately need right now. i'm trying to bring civility back to washington. i want to direct all of your viewers to my website and learn more about me, scheriemurray.com. thesupporthasbeenoverwhelming. gregg:howdoyoubeenoffhowdoyouhav ebeatthetwiterdarling? . >> also infrastructure policy and education as we roll out our campaign, we want to talk about the issue and give support to our president. in partnering these policy issue ofs to make america great again and keep america great and work for the constituents of the 14th congressional district. gregg: thank you. good luck. >> we have a tough fight ahead of us. i thank you for the opportunity. gregg: you have seen the crazy video of grass

brodin likes amazon and alphabet for now. much more "mad money" ahead. i'm sitting down with the ceo to find it and i'm on the grind to help your portfolio and all your calls of rapid fire in tonight's edition of the lightning round so stay with cramer. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. - when i see obstacles, i create opportunities. (soft music) - when i see adversity, i find a way. - when i hear never, i say now. - [announcer] southern new hampshire university is education made to fit your goals with over 200 degree programs, flexible class schedules, and some of the lowest online tuition rates in the nation. (cheering) - so when i face barriers, i can break through. - [announcer] breakthrough at snhu.edu. >>> you know me, i'm always telling you to have gold exposure if insurance against economic turmoil or inflation. in 2019 gold caught fire with the preci

i'm not certain amazon proof is one of them. i'll go to starbucks you're talking about a company with crazy valuations just as goldman initiated with a buy, you had other people downgrade the name as well. you're coming in a lot of these stocks valuations matter one that stands out to me and i worked there a day. >> shake shack. >> valuation through the roof yet their growth is pretty outstanding. so you have to ask yourself does shake shack make sense is it in the area that chipotle was a year or so ago i say yes. >> i guess embedded in this notion this is amazon proof is should these stocks demand a higher valuation at this point should we say fine i'm going to pay up for that because people need their coffee, they're not getting it delivered by amazon >> there was a couple other things underlying as well. the piece was a lengthy piece, maybe that's what took so long, i didn't get through the whole thing. some things they point out we've seen pressure on wages they're saying that's good who are the customers of these limited s

amazon was the fastest of the other ones and then you can go down the list, microsoft, 1,400 delays, starbucks, over 1,500 days, and then google, public in 04, 29,608 delaays. investors have front loaded this vast opportunity you can't look at any other stocks and say beyond meat's ultimate market opportunity is bigger and less appreciated at the ipo. i don't believe anyway it shows how high the bar is. >> i don't want to offset that extraordinary statistic for beyond meat but was it fair to say it was the smallest of all these companies when it ipo'd. >> i believe it would have been the smallest, although starbucks came public at a relatively modest valuation, and it's very true that microsoft was already a giant great company when it came public, google was highly hyped. you could make the argument that at the ipo price, beyond meat was completely depressed relative to its opportunity in terms of valuation, but nonetheless, 800% in three months is a pretty big helping no matter what. >> go get some lunch, mike, we'll see you in just a bit. also small float is that healthy or unheal

multiple aggregators in streams of video games microsoft has talked about with google and we'll see amazon get into the space as well there's multiple different ways to play it as we move from physical to full game downloads, partway through as of now to eventually streaming. >> manufacturers adderall, people talk about drugs in sports, drugs in e sports, adderall is a big big deal right now. >> absolutely. and these are kids, little kids. so you want to make sure they're very careful, no one's getting any extra edge or advantage. it could get really bad. >> we want to thank you both of you guys michael, russell, thank you. >>> a lot more on the exchange, the faa didn't understand the automated system at the root of that 737 max crash and that's just one of the revelations in a new "new york times" article the author of that piece is going to join us live. taking a swing at boeing on its earnings call. >>> and new presidential debates kicking off tomorrow with health care front and center. taking it on thehi cn. which candidate does big pharma actually want? >>> welcome back to the exchang

i got into amazon which you and i talked about friday, bought it at 19.29, not looking good today. out of the fangs, i'm okay with it there's other places in technology that you could be in 2019 and that's done well for me so far so when i look at apple, quality company, i'm sure it will do fine but i did what jim advises not to do, i traded it, successfully for the first time in a while >> hedge fund but i have to tell you, ubs did a piece, ubs evidence lab, we make jokes about that but we couldn't >> csi action. >> exactly what i think of sentiment with only 19% bullish on apple, down from 30%. it does feel like that apple is the fang that people aren't into at 16 1/2 times shares i don't like to run up ahead because that puts a lot of pressure on tim cook >> it goes back to positions we saw that in facebook's earnings in terms of the stock reaction afterwards. we call that in alphabet's earnings out of favor, going to earnings bam with a great report and the stock popped and is holding on to gains for the most part >> right the danger has been just as joe has said and josh, when

know, based on their pedigree, they have, let's bo honest, they have built a successful company >> amazon, google, and facebook money is probably going to factor into this somehow or people will expect it to. because phones are an area where all three of these megacompanies have failed to some degree facebook, phone, didn't really happen amazon fire phone went nowhere google has only got a tiny market share with its phone. do you expect them to kick in to help dish or whomever else to actually fund the marketing for this network >> well, i think they should i think if you're smart, you would come in and say, listen, here's a player that needs help. let us come in and let's be able to help them but they've got their own issues with who they're dealing with, so they'll make sure they're careful when it comes to the doj. these guys do like to control things they're not good at minority shareholders they like to control and own things i think that's one of the dilemmas i like to face, you're now working with dish as a partner as opposed to owning and operating it >> peter adderton, thanks for

so, amazon would be king kind of like kipling. >> the bull case you draw on amazon, downgrade at u.p.s. today, to hold on challenging macro, capex climbing. some of the charts over the weekend from deutsch looking at global trade with an overlay of fedex three months in advance is not encouraging. >> no, but fedex turned out to be quite different from -- fedex -- u.p.s. will tell you this -- fedex has the big capex spend cycle ahead of them. they think they've already spent the money, and they don't need to do any more and i'm very encouraged. i thought the u.p.s. quarter was fantastic. you want to make a valuation call, that's fine. this market doesn't like valuation calls. that's like downgrading starbucks at $89. >> i would think you'd applaud some fiscal discipline, right, on your target >> well -- >> these stocks are blowing through analyst targets. >> u.p.s. is abney's terrific. one of the reasons i love abney is he's from mississippi and i met fletcher cox, the great, you know, he really is the sack king for the eagles they're friends. and i saw fletcher cox on friday with the e

the former head of b2b globally for amazon as well. i can start taking a step back and allowing folks, the pros to do their job. stuart: just wait until you go public and you need an army of lawyers. chieh, always a pleasure. thank you for coming back. >>> check the big board. still holding on to a pretty good gain. 70 points up for the dow industrials. the nasdaq as we said going the other way. >>> facebook, article in the tech magazine "wired" caught our attention. it says facebook knows more about you than the cia. we've got that story for you after this, promise. ♪ welcome to the place where people go to learn about their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to

it's sad for long island city that the amazon deal fell through. we would love to have them there. the reason i wrote the piece is there was a lot of depression, dejected folks saying tech had top ticked in new york that is not the case but building start-ups is a long game and it takes five, six, ten years even if we want to start now, we have to do it the old-fashioned way investing in companies there >> was it a mistake to offer the tax incentives to amazon >> not at all. it was a public partnership that fell through for sad reasons >> you think we will do it again? >> sure. >> is that where the focus should be? >> i think new york made an intention al decision to make itself into a tech hub. we should be using private partnerships and government money. we have 9,000, maybe 20,000, start-ups here in new york when i was a kid and the yankees started winning world series, we grew our own players and supplemented with folks from the outside. >> what does that look like? everybody is happy to sit on this island. this is a popular place to be. nobody is going to brooklyn. some are, b

how do you break up amazon which is underpinned by cloud computi. google chose to work on -- historically it's rumored they're working on a censored version in china. they're inviting scrutiny and it's no surprise we're seeing -- charles: it doesn't help that they sort of kicked our department of defense to the sur curb and -- >> they're not working andre gone fly. that stopped -- on dragon fly. they stopped that. >> they were working with the chinese government. charles: thank you both very much. president trump just tweeting on the. u and china. the eu and china will further lower interest rates and put money into the systems, making it much easier for their manufacturers to sel sell produs in the meantime. too bad. what do you make of it. >> i think there's -- jack made this point earlier. there's all of this negative yielding debt around the world. there is slowing economies around the world. our economies are cup weld the rest of the world. -- coupled with the rest of the world. central bankers have to behave similarly if they want to stimulate

speaking of amazon, more than 20 amazon workers at a delivery facility in chicago are accusing the company of not paying them nor overtime during prime week. they filed a complaint with the illinois department of labor, claiming that management dismissed them six hours early on july 19th and promised to pay them for their full shift. the workers said amazon counted the six hours in the following week's papered, so they didn't -- pay period, so they didn't get the overtime for those hours. ashley: investors have a full plate this week with u.s.-china trade talks set to resume and the federal reserve meeting on interest rates. our next guest says don't expect any major progress this week on a trade deal. david nelson is chief strategist with bell point asset management. david, good morning to you. i was reading your note. you asked the question, so what are the chances of some breakthrough being made in china with these trade talks and you said in a word, no. >> can i go. ashley: yes. thank you for being here. over to you, lauren. no, you said president xi, the president of china has dou dug

>> we have certainly seen amazon and other large retailers that are taking advantage of the urgency that the consumer wants. the consumer today wants whatever they order to, whichever mode, it doesn't matter. but at the time that they want. so they have much more control over it and a lot of these large -- have led the way but something anticipated and we've ordered 44 additional aircraft over the five-year period to make sure we have the capacity. maria: the story of the transformation of ups. it has been real positive.you have been overseeing that. where are you in that process? >> we are right in line with where we wanted to be. we decided a few years ago and this is not the first time ups has had to transform. we started as a messenger service in 1907 in seattle then the -- we've done it for five times. we've had such a good career and we are so proud of our legacy. but we knew that to have continued success like we have had in the past, we have to be willing to change with the times and so this transformation doesn't have a beginning, it doesn't have an end. it's a continuous transf

so what does this all mean for apple, amazon, facebook, google and the rest of silicon valley? we're back with kim strassel, jason riley and bill mcgern. bill, let's take the facebook agreement first. what do you make of it? >> well, it's being made to be a bigger thing than it is. the ftc i think narrowly dealt with facebook's failure to comply with restrictions about telling -- not misrepresenting how they use data and how the data was shared. paul: it was a previous agreement. >> a previous agreement that they violated. i think they found the board didn't know or something. in some ways, i think it's a -- it was a modest response even though the fine was huge. i mean, a lot of people wanted them to go further. paul: for facebook, $5 billion is pocket change. >> right. that's the a argument. look, do we really want the ftc making these decisions or do we want congress to grapple with it and if they're going to set privacy rules, let them set clear privacy rules. in some ways, i'm gratified the ftc was modest. a lot of people are disappointed because they say this is pocket ch

i have my apple, google and amazon this one is obviously squarely in the middle of the trade sort of issues we were discussing to me as soon as the sentiment shifted from may to june, you had this stock up in a straight line 10% but here we are now, and i'll let carter speak to the charts, we're kind of at that gap level from late april. it's kind of hitting some technical resistance if you look at microsoft, you look at amazon, you look at google, it's a tale of three cities amazon had a's okay print to negative, google had an unexpected good print and it went up allot. google, alphabet and' many, expectations were low, off 10% or so from the all-time highs while the others were hovering around t. the option is implying a $9 monthly between now and next friday's close. on average the laviolette four quarters the stock moved 6%. that's a heck of a lot of price action for a name this big i actually think that expectations are low they put up a decent enough print into a weird quarter i think they almost have a mull began with the trade stuff i think the stock goes higher. options pric

amazon owns twitch which i think they bought for a billion dollars. this is a really big business. all i can say is who are we to judge. >> this has swept the nation. any time you add this prize money to it, it will become even bigger. but you are only the greatest thing until the next thing comes out. fortnight might have a bit of a run left. >> it's a horrible thing. i have got teenagers and that's all they do. >> at 15 winning a million dollars. that sounds like a career to me. some of them are making more money playing video games than they would in a lifetime. robots are going to be sitting in front of games. you talk about the guy who cheated with chess with a phone. no one wants a phone to win, they want the person to win. >> that sounds like an addiction. david: it does, but it's sweeping the nation. like the or n (announcer) the following is a paid presentation for prostagenix, brought to you by prostatereport.com. (upbeat music) ♪ hi, this is larry king. over 30 million men in america have prostrate problems. i know, i was one of them. and all these natural prostate sup

amazon had an okay print to negative, it went down a little bit. google had an unexpected good print and went up a lot. the one thing about google, alphabet and apple, expectations are relatively low, both off 10% or so from the all time highs. when i think about the quarter next week, the options market is implying $9 between now and next friday's close. on average, this stock moved 6% after day's earnings that's a lot for a name this big. i think expectations are low they put up a decent enough print into a weird quarter i think they have a mulligan almost with the trade stuff and i think the stock goes higher and option prices are probably pretty reasonable enough to make an at-the-money bet to get a breakout at that level the trade is simple to me. if you are bullish and you think it has the potential to outperform like google, you buy a call when the stock was trading at 208, you could buy the august 210 call playing 4.25 for that that breaks even at 214 a quarter. that's up only 3% from the current stock price here you are risking about 2% of