the seattle times writing amazon plans tallest tower marking presence in belleview, unveiling 30-foot story that would accommodate thousands of employees, amazon aim to go finish the building in 2024 and the mississippi ledger says selling veggie burgers in mississippi can land you in prison. companies sue state over law. upton's naturals is suing over a law that prohibits companies from using meat terminology when selling vegetarian and vaguan products, you can't say vegan burger or meatless hot dog, remember the controversy about almond milk or oat milk because it's not really coming out of the mammaries of an animal so you can't say milk, violaters can face up to a year in prison and 1,000-dollar fine. somebody is taking money from the meat lobby, the beef lobby. >> you think? dagen: yeah. [laughter] dagen: this is how we are spending tax dollars? >> i don't think anyone who has ever eaten a meatless hot dog thinks it's a hot dog, we all need to just chill. dagen: i think it's much to do about nothing. can we come up with another name, if it's a patty why can't it be a hamburger, d

on the other hand, i tip my hat, he has positioned microsoft so they're breathing down the backs of amazon in terms of the cloud offering, going gang busters, they're also pioneering and making money hand over fist with converting people from buying one-time, perpetual licensure software to converting it into software as a service, they're coining money as far as the eye can see. that cheers investors and finally, of course, they've got that monopoly in office 365. they're skillful in terms of the way their positioning is, no one in congress is beating them up, and it's a sticky product, so that bodes well. maria: sort of been there, done that, right? they were the target of antitrust and everybody else in government back in the '90s. look, you didn't see the kind of performance at sap, you didn't see the kind of performance elsewhere, maybe oracle. microsoft really did -- >> well, that's the story. but what i like about any della is he's no drama, he's not making provocative acquisitions like food stores that are outside their traditional business, you know? he's not going out and trying

they deserve to go under, they could not compete with amazon's of the world. if we are worried about vampires and we should've been worried about amazon, we should've been worried about google, microsoft, all of these were vampires that suck the life and capital out of other competing firms. if we did not have venture capital private equity firms you would not see a machine like this. an iphone that has more power behind the moon landing of 50 years ago. this is an attack on what has made america great and in warren's world she would like to have all the power and the money of the government because they know better than everyone else. >> you make an excellent point, i want to build on that. this is the problem with the democratic party. there is so much pressure to go left, left, left. to be more like the squad and at this point they are coming up with rules and regulations for the sake of doing it. i was on a show and the panelist said nancy pelosi is considered body o moderate. when that is the case you know how extreme the party has gone. there is nothing

amazon is seen as the leader to win that contract but the president says he's been presented with many concerns. >> we're getting tremendous , really complaint from other companies and from great companies some of the greatest companies in world to complain about it having to do with amazon and the department of defense. and if i will be asking them to look at it very closely. president also met thursday at the white house with executives from airline industry that included the head of airwaves along with united jett plus, and american. the white house says that discussion was on transparency and competition. back to you in new york. >> blake, thank you let's stay with the white house because president trump is planning to nominate eugene he tweeted last night gene has a great success in legal and laicial field highly rpghted as a lawyer but with great experience working with labor and everyone else. the 55-year-old is the son of the late justice angt antonin and step down from the position just last week costa after rules of prosecutor negotiating plea deal with jeffrey epstein. >> th

>> comes down to earnings, first we've amazon, may hear more how prime days went u.s. consumers how cloudy business doing after microsoft ibm blew expectations in that part of the business last week second thing facebook albert how well they monetize that data they find new mousetraps to do well with it in ad. >> we hear about u.s. consumer concerns about global xhooern, starbucks mcdonald's reporting lat er part we are getting a good picture what u.s. consumers are doing in terms of -- those businesses, and global growth as well. >> to point on technology earnings, top story in the journal today is that microsoft apple am phenomena facebook made up, almost one-fifth of the s&p total return this year, but, again, that is that is best return for the s&p since this time of the year since 98. >> large-cap names driving it look at other side of the coin small caps doing terribly relative to large caps the question is as investors try to sort all this out are there bargains in this small cap mix. >> or is small caps telling us something that people investing in big cap stoc

names like amazon, facebook, if the fangs can't perform, i think the market will struggle. cheryl: facebook was expected to get to the settlement announcement before the close of traying tomorrow, we'll -- trading tomorrow, we'll hear about the $5 billion with the ftc. >> it's a drop in the bucket for a company like facebook. we like to think the settlement means it's settled. when it comes to facebook, it's almost like the nuclear industry was in the '80s, pharmaceuticals were in the '90s, oil was in the 2000s, that's big tech right now. they're kind of public enemy number one. my fear is whether it's on privacy, whether it's all these other issues, that the government isn't over when it comes to regulating and micro managing facebook. cheryl: elizabeth warren coming out and saying she believes there's an economic crash coming and then she said here's what i'm going to do about it, i'm going to erase student debt. >> she's got a plan. cheryl: we're going to offer free tuition. with unemployment at record lows and she talked about manufacturing jobs, i'm not sure where she'

amazon founder jeff bezos' divorce expected to be the most expensive settlement in history. reports say bezos will pay $38 billion to his soon to be ex-wife, mackenzie bezos. she is said to be taking a 4% stake in amazon, making her the fourth richest woman in the world. a trial date has been set for elizabeth holmes, in august of 2020 and it is expected to last three months. she is accused of lying to doctors and patients about blood test results. thernos reached a valuation of $9 billion before unraveling. pepsi is testing water in cans. they will start using aluminum cans for water starting next year. the company said the switch is expected to remove more than 8,000 metric tons of plastic from the environment. cheryl: a couple of big stories we're following here. of course, that trade truce if you will, that meeting between president xi-jinping and president trump really giving investors optimism now that talks are going to restart, some of these restrictions lifted off of huawei, that maybe just maybe a trade deal is in the future. dow up 271, less than a percent away fr

amazon is hoping it does. find out what real estate giant they just partnered with to potentially revolutionize the home buying experience. will it work? details coming up next. this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. >> it happened a little sooner than we thought. nancy pelosi and during other. >> it is a crushing of the threshold of public awareness. the what happened. and how it confirms to the wall or not. >> the president likes to have, this that and the other. but we have a test on him. a contradictory charge. mueller investigation by the numbers, $40 million recovered for the u.s. government. remember he said how much it would cost, less than that. 37 people and entities charged, 25 ongoing criminal cases were served. seven convicted include a five top trumped campaign officials. then we had no collusion or know this or that. ten instances

facebook, alphabet, amazon will report. plus was wall street too quick to write off the semiconductors? wait until you see what they're doing. president trump taking to twitter to set up a meeting with chuck schumer after the democrats trip to the border. what does it mean for washington, d.c.? can we let go of politics and finally get something done to fix the border crisis? we'll be right back. ♪ (vo) the ant mindlessly marches on. carrying up to 50 times its body weight. it never questions the tasks at hand. but this year, there's a more thrilling path to follow. (father) kids... ...change of plans! (vo) defy the laws of human nature... ...at the summer of audi sales event get exceptional offers now! prpharmacist recommendedne memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. hey! i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get exci

executives from facebook, google, amazon and apple all facing congress ppg antitrust panel of the house judiciary committee is looking to find out whether company have become so big that they need to be broken up. the hearing coming as regulators around world are voiceing concern about tech giant market power and data correction policy. >> facebook is planning for cryptocurrency libra expected to face tough questions today at another hearing on capitol hill. facebook executives david marcus basically the head of the libra project will answer questions from the senate banking committee, president trump and federal reserve chair jay powell have already raised serious concerns about facebook libra projects. now treasury secretary steven mnuchin says he has his own reservations. >> cryptocurrency sughs bit coin have been exploited to support billions of dollars of illicit afnght like cybercrime, tax evasion, extortion, ransomware elicit drugs, human trafficking. mnuchin says facebook has, quote, a lot of work to do to convince regulators that libra will have the proper anti-money landering

amazon is a bellwether stock. a make-or-break for any quarter. i own the name. likely will stick with it. charles: nicholas, you have reservation about mow moan mum names? >> i throw out ford, if you're retiree investor, good out look, 6% dividend, company like ford. charles: full disclosure, that is in my model portfolio, if it breaks 12 bucks. david, i love the suit. we'll talk to you. >> thank you. charles: most liberals pushing for $15 minimum wage, congresswoman, fellow "squad" member, rashida tlaib upped the ante that minimum wage should be $20 an hour. we're diving into the economic ramifications. >>> he was brutally attacked by antifa. journalist andy ngo is about to meet lawmakers. here with his story is his attorney, harmeet dillon. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do. and we need your help. we need your s

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. >> i'm getting tremendous complaints about the contract with the pentagon and with amazon. they're saying it was not competitively bid. this is going on a long time, probably before this administration. we're looking at it very seriously. one of the biggest contracts ever given, having to do with the cloud, a lot of other things. we're getting tremendous really complaints about other companies and from great companies, some of the greatest companies in the world are complaining about it, having to do with amazon and the department of defense. i will ask them to look very closely what is going on. i have had not such few things where there is complaining, not only complaining from the media, asking questions about it from the media, complaining from different companies like microsoft, oracle, ibm. great companies that are complaining about it. we'll take a look at it. we'll take a strong look at it. thank you very much, everybody. >> thank you, press. right this way. thank you, press.

lauren: amazon is the exception here. for the week all three major averages ending in the green for the third week in a row. >>> at the white house president trump is about to sign a safe third country asylum agreement with caught maulla. we will bring you breaking headlines from the president as we get them. connell: fox business team coverage of all this. kristina partsinevelos on floor of the new york stock exchange. watching those records. jackie deangelis in new york with the newsroom. with the news breaking at white house as usual, blake, let's start with you. reporter: president trump pulled out his favorite punching bag once again hitting federal reserve as we got the gdp reading at 2.1% for the second quarter of this year. the president tweeting the following after that reading saying quote, not bad considering we have the very heavyweight of the federal reserve anchor wrapped around our neck. almost no inflation, usa is set to zoom. now the president's top economic advisor larry kudlow suggesting on "wsj at larg

amazon just became one of president trump's targets moments ago. he took aim at america's biggest online shopping company. the stock is down about three quarters of a percent right now. when he was sitting there with the prime minister of the netherlands, the president targeted amazon's bid for cloud contract with the pentagon, saying it wasn't a competitive bid and that other companies like microsoft and oracle are complaining about it. he says quote, he's taking a strong look at it but no mention of the stalled trade talks with china or the slowing global economy. those issues remain among the top reasons for the federal reserve's recent dovishness. should they or shouldn't they cut rates two weeks from today and by how much? federal reserve vice chair richard clarida is here in a fox business exclusive. we will ask him all the important questions that could definitely move the markets. >>> plus, senator bernie sanders rolls out his $40 trillion plan to fix health care but senator lamar alexander, the republican chairman of senate health committe

powering the gains today are robust earnings from tech titan alphabet owner google and titanner but amazon is the one tech giant that is lagging today and we'll discuss more later on in the program with our all-star tech panel so let's check stocks for the week. the nasdac winning the race as you see it there, followed up by the s&p 500 and investors, well speaking of earnings, devouring mcdonald's today pushing the stock up to a new record high. the fast food giants reported a same-store sales number that beat for its recent quarter by checking more diners with upgraded stores and new promotions as well and also hitting a record high today, starbucks, yes, the stock getting a caffeine buzz as the third quarter results beat in the biggest same-store sales growth in three years. the food and beverage chain also raising its fiscal 2019 profit forecast, as an employee anded lineup of offerings boost the gains of foot traffic in the u.s. and also in china. but let's get to t-mobile and sprint both stocks hitting new highs on the news, finally, the doj, the department of justice, has approved t

. >> yep. >> amazon also. lot of people want us to take action. reporter: the president wouldn't say if the doj will get involved, but trump does say that twitter makes it difficult for people to find and follow his tweets. he thinks they are using their political bias to suppress his followers and that companies like google and facebook are against him and using their platforms to fight back. i reached out to all three companies, but they're not commenting on the president's remarks. neil? neil: thank you very much. meantime, "wall street journal" reporting that youtube and facebook overrun with false claims about cancer treatments. susan li has more on that. susan: we call medical snake oil in the social media age. "wall street journal" did this extensive piece taking a look at a lot of misinformation, scientifically dubious cancer treatments, alternative cancer treatments that could be harmful to patients who are looking for hope, right. hope that isn't necessarily there. so the "wall street journal" says t

connell: or alexa with amazon, right. >> there are minutes long recordings have also come through. it will always be a rick. more connected devices in your home the always a possibility that this will come out. connell: we care about this generally speaking in the united states. >> sure. connell: i find it interesting as the technology eye involves, we'll talk about 5g in a second, rest of the world depends where you go. other places don't have as much concern, saying with china it is not really up to them. the government decides. they're collecting all the data. how does that affect the race for technology, will we fall behind because of our cone concerns about privacy? >> i think china is more bullish and more cavalier about pushing this technology because again the privacy concerns are not there. i think it makes sense for us to be who are hesitant and more thoughtful about it. again privacy is such a huge part of our country and our government. it is in the constitution. we better get it right. connell: it is just interesting, it is not, again not up to them, not a concern. >>

amazon saw a record run of earnings come to an end. profit margin compression came from $800 million in spending during the quarter. that was to improve the business. things like delivery, infrastructure changes, amazon prime makes one day shipping the norm. aws is the cloud, it is the growth part of the business. it is the shining star. 37% growth for the quarter. not so bad. lower than first quarter, 41%. twitter hitting it out of the park as well. the stock sharply higher. the president's favorite platform doing well, neil. neil: indeed. that was a surprising there. i guess the big goal is that that people, more people getting involved, staying a little longer, makes a big difference. >> it does. neil: thank you very, very much. meantime how is the fed reading all of this? does it necessarily mean given the environment, and given the slowing gdp data we have been seeing, whether blamed on the fed and rate hikes prior or not? are they more inclined to go ahead and cut rates, a quarter point? that seems to be consensus bet end of next

the unbelievable power tech giants, google, facebook, amazon influencingio our elections? we'll have that and more after these quick messages. we are coming right back. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - this is a fight against time. what we're dealing with is coming out, meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $25, we'll rush an emergency survival p

. >> she is killing jobs with the intro of the green new deal and she killed jobs with the amazon deal in new york. we elect representatives to legislate. right now they are not legislating. they are more concerned with the limelight than delivering results. liz: aoc saying calling someone communist is rooted in white supremacy. she tweeted out the president is calling communists white supremacists. she is saying, i have a long history of believing in democracy and economic rights. but the president was not talking about civil rights. it's misleading. it's about their big government socialist communist takeover of the economy. even democrats are warn being that. >> absolutely. aoc's suggestion that somehow calling someone a communist is rooted in white supremacy is rubbish. the words and phrases communist and socialist have been used in insults in this country because americans understand from the cold war and from the principles of communism and socialism that they are incompatible with the founding principles of this country. people are called those things obviously during the cold w

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

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

well next, the unbelievable power tech giants, google, facebook, amazon, influencing our elections we'll have that and more right after these quick messages. stay with us. we're coming rite back. i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> well cyberattacks originating in communist china invading aid of the world technology service providers a smart strategy former cyberadvisor telling reuters thefts were part of elaborate scheme to advance chinese economy no kidding really? the u.s. justice department called the chinese denial of these attacks ritualistic and bogus i think they meant to say that chinese communist were lying sob's but maybe i'm just guessing research psychologist robert last night with carlson issuing stunning warning about the power that google and other tech giants possess. >> google and similar companies like facebook are a completely u

. >> this is a hit to amazon this weekend now news points 7 hundred million dollars to retrain or train workers providing them degrees in unrelated fields or basically paying for them to go back to college. >> while working. >> while working, already amazingly managing to provide free college bernie sanders says government should do. >> kate? >> paul my hit for uber debuted a new feature where riders kayx for uber comfort allows you to tell your preferred air-conditioning settings, quit ride where driver doesn't talk to you and a lot of worry when uber started that this wouldn't be competition, now the competition from lyft lied sharing services fierce that uber rolling out hilarious onions prestate nothing one circulate speak to you in car. >> a tongue-in-cheek social justice lawyers wore one halle berry cast in live action disney mermaid a couple people upset animated version came out defending her but for the last couple years all we have been hearing from social justice crowd that if the actor rules don't match race gender sexual orientation i am happy to see they are coming around

we ask is amazon's prime time over. >>> new missile tests in direct defdefiance of the trump administration's warnings. lauren: joe biden says no more mr. nice guy ahead of next week's debate. will that strategy work? >>> a mcdonald's mixup, a

look, amazon went to $15 wage, they're a trillion dollar company. they're still a trillion dollar company. it didn't hurt the stock but helped 350,000 workers. what we're saying in a economy with trillion dollar corporations creating extraordinary wealth, let's make sure everyone working hard has some stake in it. we can afford to be paying workers $15, when we see huge increases in their productivity. charles: it is always interesting when someone in the government starts to talk about private industry as we. in other words, private industries in our country are part of the public domain. >> they're still american -- charles: you know how that can spare people off? >> they're american companies. i do believe companies have an obligation to this country, we all do, whether you're a congressman, whether you're a ceo. i think your first obligation, your first duty is to the united states of america before anything else. you have an obligation to this nation. charles: before i let you go, joe biden, by almost every account got roughed up a little bit i

now we are in the middle of a two-day amazon prime sale. obviously the consumer is undeterred by these worries. what do you make of that? >> it's pretty amazing. so resilient. a lot of the reason is we are a more isolated economy than most countries. we trade, texas trades with new york and california trades with pennsylvania. we do far more of that, less dependent on imports and exports. they're important to us, but not as important. they are for the u.s. consumer am i working, does my neighbor have a job, i'm finally getting a raise, i think i will spend some money. that's why consumer strength continues to spike the manufacturing and trade issues. they're not horrible problems. they're just slowing. neil: the president said a couple of weeks ago that if he were replaced or if he were voted out of office, you could anticipate a market crash, saying that the principles he put in place have really gotten us to these hyper levels. as you indicated, they're not necessarily hyper as much as a little generous. what do you think of that? the ele

it is likely to be google, amazon, you name it, apple, places with the money looking for content but they're looking for the price to go down. what i'm hearing here from sun valley until i get thrown out, neil. back to you. neil: i live for those moments, charlie. be safe. >> [laughter] neil: you are in a beautiful locale. charlie gasparino there. talk of minimum wage could go up and soon on a federal level but that could put a lot of people out of work in the process. we'll explain how that works after this. this is about thing, you know, make america, you know his hat? make america white again. they want to make sure people, certain people are counted. it is really disgraceful. neil: everything is racist, right? speaker nancy pelosi, slamming the president over the census, suspecting that maybe what he is really up to is white only america that doesn't keep accurate count of minorities, but the fact is, that when it comes to census questions, a lot of countries, western powers all, ask this very question, including australia, canada, france, indonesia. there is also ireland, german

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

we're seeing negative news breaking up amazon. you have negative news around big leadership. again i think we really need to take a look at, investors investing in large cap, high-profile names, the "fang" stocks, really starting to take a look at other companies, start diversifying your portfolio. don't stay concentrated in names we talk about every day. charles: erin, appreciate it. thank you very much. >>> financeer jeffrey epstein is in manhattan court at this hour pleading not guilty to charges of creating, maintaining sex trafficking network, exploiting abusing dozens of under age girls. some as young as 14 years old. epstein was arrested oaf the weekend as he arrived in the night from paris on his private jet. prosecutors will ask him to remain in jail pending trial. this is 11 years he was left off of a very light once secret plea deal. >>> new poll finds one in four americans expect to retire ever. are you one of them. tweet me: @cvpayne. how ominous is it? >>> president trump says i.c.e. raids will start fairly soon. one government official is weighing in, wondering

. >> amazon taking 25,000 jobs in queens, incredibly low turnout primaries the far, far left vote. 8.6 million people in the city. he won both mayoral primaries with 300,000 votes. less than 4% of the city's population. he says i have to keep the 4% happy. tend to be big unions or most left-wing activists whose policies are not good for -- david: wrap it up, running short of time. we. >> radical policies, bring things to the center. david: takes power away from activists who have stranglehold on city council. >> that is the idea. absolutely. david: are you worried at all about somebody hacking them. >> we done them in west virginia, denver, multiple fbi audits. former officials come back clean. we'll keep testing. so far, so good. david: paint me skeptical, you're talking me into it. >> i will come back on to talk about. david: thank you very much. president trump and china's xi xinping agreeing to hold off on new tariffs at the g20 summit in japan this weekend. our tech expert, dan ives says apple is actually the biggest winner out of this agreement. he will explain why coming up. >>>

but investors are piling back into the comfort of big momentum names like facebooks of the world and amazon doing pretty well. this as investors, all of us are waiting to hear from fed chair jay powell tomorrow. we'll have a preview, a possible outcome. after getting mercilessly mocked, the socialists on capitol hill say let's go for it again. they are offering a new green deal. we'll discuss that in a moment. attorney general bill barr says there is a legal way to get the citizenship question on the census this year. what is it? we'll let you know and so much more on "making money." ♪ charles: newer, greener at least that is the problem is bernie sanders and alexandria ocasio-cortez teaming up yet again. they will try to relaunch the green new deal, a climate plan, declaring a there is a climate emergency. this after the first plan failed to earn even a single vote. so why should they expect the results to be different now? let's ask rick ungar, the host of the rick ungar show. fox contributor deroy murdoch. rick, why is it different this time. >> it is not. charles: we have the all-star

when asked what he thought about amazon, facebook and google, the answer was interesting. >> they've changed the world and they're the disrupters now. we were disrupters in our youth. now they're the disrupters. we have to figure out how to position ourselves to adapt to the changing world that they're changing. you're not going to fight them. so you better accept them as a fact. >> reporter: so interesting there. they're the disrupters, they are changing the world he said and sort of also said if you can't beat them, join them. that's part of the conversation i think that's happening behind the scenes here today. but the other things people are going to be watching is sheri redstone. we're looking for an announcement on a cbs, viacom veemerger.maria: another topice potential regulation within the social media space, right? particularly as we've got a tech summit going on at the white house and all of this criticism about censorship. >> reporter: that's the conversation going to be taking place in washington and a conversation that's taking place here. it's going to have such an impa

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

on thursday, very familiar names, amazon, alphabet, intel. we're expecting intel to drop in terms of profit but revenue climbing a little bit higher. on your screen you're seeing key economic data we're expecting this week. new home sales, a lot of economists will look to see if the housing market is stablizing. thursday, durable goods. those are goods you don't purchase as frequently, every few years or so. last but not least on friday gdp for the second quarter. first quarter we saw gdp come in at 3.1%. we're expecting something similar. i want to end on this. there is always fear what is going to happen with the fed and whether there will be a rate cut on july 31st. if we look at the futures market they're pricing in a probability of 76% right now which i like to highlight. this is 76% chance of a quarter point. that is lower than last week which was a little higher. back to you, neil. neil: kristina, thank you very much. no talk of a half-point cut in rates. thematica research expert on all of this join us, lenore hawkins. lenore, if the

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

amazon is back well above $2,000 per share. 2017 to be precise. that's it for me. time is up. neil, it is yours. neil: stuart, thank you very, very much. all eyes on the federal reserve as jerome powell continues his testimony before the house financial services committee. a lot of people are talking today. the president is tweeting the we'll hear from the labor secretary of united states, alex acosta, in his role in the early epstein cases but probably the most consequential development of all the bigwigs yapping today, would be the federal reserve chairman. he sets interest rates. some say he is the lasted a adult standing in the financial community. that is a matter of opinion but we're going to be living on this, staying on this, what he has been saying. we have cut away here. i wanted to let you know has talked about the tax cuts have to be measured longer term on their impact, not just the near term. he talked about a weakening economy, headwinds developing enough to trigger optimism in the financial community that he is going to cut rates at the end of this month. maybe