maria: yeah. >> because aoc has dna at the crime scene in terms of amazon taking off. maria: good point. all those jobs. a lot of -- >> overlapping the congressional district. maria: there's netflix earnings, the stock is down big this morning, down 10 and a half percent, lost significant number of subscribers in the u.s. first time in nearly decade, blaming downward trend of second-quarter content, the stock is coming down. >> i'm not surprised by this, there was going to be point where there was many competition in the field too, the whole idea of cutting the cord was that your bill should be cheaper, if you're subscribing to every service, they will not end up being cheaper, they are going for content and there's a lot more to choose from. maria: you the behemoth like a disney coming out and putting content from netflix. >> that's certainly an issue and users will see where am i getting the most content for value that i'm getting, they will switch and adjust bills that way. >> viewers have a finite wallet that they are willing to pay for subscriptions and netflix ju

i think they have to understand that amazon's amazon. they can pick up kind of the rest of it if you will. dagen: which retailer does the best job riding on amazon's coat tails. walmart would be the obvious one. >> i would say walmart. i would say target has done a phenomenal job. they're using retail stores more than a lot of other retailers will use them because of the sortments. -- assortments. a lot of retailers are using the actioam xiom if we take the stot of the h equation, we reduce co. >> i'm a regular amazon prime shopper. i didn't know it was amazon prime day. are they advertising -- i mean, how come i didn't get an e-mail about this. you have to turn on "mornings with maria." are they advertising this in a way i'm missing. >> good question. i've been getting hit. they've been blitzing me over the last several days, weeks. the big announcement was june 25th where they announced exactly when it would be. you kind of knew if you're an amazonophile. then they hit you with it's going to be 48 hours this year instead of 36. they ma

maria: a new amazon dropoff, a major retailer now accepts amazon returns. retirement out of reach, why many americans fear they will never stop working. back in a minute. ♪ what if i lose it all. ♪ twenty-four people came together to sign an agreement that created the stock exchange. just the right elements coming together. it started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. it started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. it started with the markets, bringing together steel and buildings and silicon and medicine and rockets. we believe the possibilities of life and investing are greater when we come together. it's why for eighty years we've connected ideas with technology, data with inspiration, investors with solutions. so that every day together, it all starts again. ♪ the cloud i need? it has to keep up with sales, supply chain, inventory - ♪ ♪ it needs to

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. >> 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.

can amazon still deliver? >> it is a good question and ask gibbon founder of nonpolitical news diagnostic and chief research officer, at ace research as well as a retail analyst thanks for joining us ladies. >> thanks for having us. i want to start with first of all did you buy anything today and do you think this a.m. disoon prime day is really going to -- stack up how it is supposed to and how it has in years past? >> you know as a new mom or gave birth about a year ago, you're certainly on amazon prime all of the time. so i'm constantly buying stuff on amazon prime for the kids, however, i think because people are -- they really push this marketing message out there so what they're trying to do especially with new prime members are people that aren't prime members yet. they want to make sure that that membership increases. so you know they have this amazon prime concert, they're really trying to go and kind of take market share away from the target customer through wal-mart mirrors. so there's that big push

amazon is the enemy? before microsoft, before amazon, seattle in the '80s was a dying timber town. there was no wealth there at all. microsoft came, amazon came, they created the wealth. they created literally millions and millions of millionaires. now as you're seeing just in fact how mobile money is and the more difficulties administrators and bureaucrats make it to create jobs because seattle's minimum wage is just one example, more money not just leaves seattle but leaves america writ large. >> the positive is that the reporter said it only at the end, they are going to bellevue and will create a 40-story plus building over there. they are still focusing on washington area. to add to all of this, apple, just within the past two weeks, announce they hare doing this five-year expansion plan in the united states and specifically within seattle, i know it's not amazon, but apple announced they would be adding 2,000 jobs. hopefully that could offset some of the loss from amazon overall. i still think it's good. you have amazon investing in bellevue, they will build a light rail syst

this is amazon in particular. amazon is celebrating an anniversary today. we will tell you about that later. the dow jones industrials down about 118 right now. s&p is down by a greater amount percentage-wise. the nasdaq's the worst performer in premarket activity. that could change as investors begin to realize the effect of so many more people coming into the work force. that's why the unemployment number ticked up despite the big jobs numbers. 335,000 people coming back into the work force. that is a huge number. >>> now this. president trump held his salute to america event on the washington mall. hoor here's a clip of his speech. >> from the banks of the chesapeake to the cliffs of california, from the humming shores of the great lakes to the sand dunes of the carolinas, from the fields of the heartland to the everglades of florida, the spirit of america's independence will never fade, never fail, but will reign forever and ever and ever. david: come in, larry o'connor, "washington times" associate editor. i heard the rain kept you away from the mall b

they drove amazon out. david: that's right. >> so they should stay clear of political activism. >> first of all, it is a shoe. it is a shoe that nike itself introduced and then withdrew. this whole thing is -- if not a teapot, then a sports shoe in the sun devil stadium. this is probably going to hurt in the state of arizona. [laughter] >> i'm trying here. this is going to hurt arizona more than it is going to hurt nike. after all it was their shoe that they withdrew. the "wall street journal" reported that there was some, you know, white nationalists using this as their own thing. i have no idea. david: we tried to find it. we couldn't find it. >> again, nike has every right -- not every right. like bank of america last week not lending to detention centers -- they don't want the bad press. they now have some bad press. that's just what companies do. and it is a shoe. >> well, speaking of press, nike of course had a statement of their own that they made. they said we already employ 35,000 people in the u.s

they are expanding their amazon return program. if i need to return something to amazon, i can bring it to a kohl's store. they will box it and ship it for me. that's pretty cool, actually. good for kohl's. kristina: it is good for kohl's because they tried this out in chicago first. they noticed there was an increase not only in revenue in that store, but they saw a 9% increase in the number of new customers because people, myself, i don't go to kohl's very often but i would go to kohl's to return an item. i got excited when i read this story because i have this book in my apartment for the past two weeks, i haven't returned it back to amazon because i don't have a box. you can bring items unboxed to the kohl's locations as well as -- ashley: you read it, now you are going to send it back? kristina: it's damaged but it was from a third party seller. you cannot return third party seller items to the kohl's location. however, if it's amazon you can take it to over 1,000 stores across the country, whole foods as well as ups stores. a

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

amazon workers on strike. it is prime day but that is not stopping employees at one shipping facility in minnesota, from walking off the job about one hour ago, calling for better working conditions. more job security, higher wages. we are live on the scene with the breaking headlines. >>> a new warning after a massive blackout crippleed heart of new york city. what officials are saying today. how the mayor of the city, who wants to be president by the way is defending himself for being thousands of miles away. >>> the first hurricane of the season to hit the u.s. is making its way north where we are he can track barry's past. residents begin cleanup efforts. ashley: so much to go at. fox business team coverage. jackie deangelis at the new york stock exchange. edward lawrence as always live at white house. susan li at a amazon fulfillment center warehouse in shakopee, minnesota. we begin with you, jackie. reporter: even though these were small positive gains on nasdaq and dow, hitting records psychologically s

amazon. there is always an amazon story and there's one today. they are going to spend $700 million to retrain about a third of their u.s. work force. now, the stock's gone to $2,022. tell me about this. susan: basically, just ahead of prime day as well, where we are expecting a worker strike at a minnesota facility for them. amazon says they will retrain about a third of their work force. that's about 100,000 workers by the year 2025. stuart: $700 million. susan: it breaks down to roughly $7,000 per worker. they are saying look, we are trying to help those that -- whose jobs might be lost because of automation when it comes to robots and facilities and deliveries, that last mile delivery. we are going to try to help those 300,000 they already employ, 100,000 will get extra training. stuart: the story is surely prime days next week, two days, and the stock is back over $2,000 a share. what more is there to this story? >> spending $700 million on retraining and they didn't have to ask for a government subsidy to do it. go figure. stuart: you would

a house cleaning by amazon home services, again, i keep hearing amazon. what's the difference between something that realogy is doing there versus working with me, any other brokerage because at the end of the day, we can also give credit at closing and what i know buyers want is money in their pocket, not just an amazon gift card or smart home or anything else they could just buy on their own, at their own discretion. charles: that's why i did ask ryan if there were other aspects to this, perhaps some technology help, something else. listen, their stock has gone from $52 to $5 in the last six years. so we can see that there's something in that industry, something happening that's not right. it goes beyond the sagging housing market that we have seen although, you know, when it comes to housing, we are getting reports that more and more wealthy new yorkers continue this mass exodus, they are leaving and going down to your neck of the woods. >> yeah. let's also start by saying that foreign spending is down by 36% from last year. so florida's number one wit

. >>> another amazon story. the europeans, they have just opened an antitrust investigation into the company. this going to hurt them? susan: it's basically they are contending amazon has a dual role as a marketplace provider and also a seller as well. do they use data to basically enhance their own product? how do they set up the default option? why were they using this data? it's a money grab in the eu. they fined google $9 billion over the years. back taxes have to be paid by apple, amazon also. don't forget, taxes on revenue in retro active years by facebook as well. stuart: i'm just tired of this story, quite frankly. nothing ever happens. ashley: once a week. stuart: facebook is under pressure, google is under pressure, amazon's under pressure. the stocks hold up at very high levels. what do you say? >> in the case of europe, the european governments are always looking for revenue. they need tax revenue to fund these social programs and if you are a company with a lot of money, a lot of cash, perhaps they

kohl's is now accepting amazon packages, returns. i was just talking about retail headline, i was like wow. different story. foot traffic. we'll see. this could be good because of foot traffic. again, you don't know. stuart: okay. right now, i have to say good-bye to michelle and to joel. thanks for being with us. we appreciate it. nice plug for microsoft. you're all right. what are you doing tomorrow? >>> check that big board, please. we have the dow now down 60 points, 27,150. >>> protests against the governor of puerto rico turning violent. police launched tear gas into the crowds. some cruise lines are avoiding the island all together because of the unrest. you can see it on your screens. >>> jon stewart going after rand paul in an interview on fox news, this after the kentucky senator delayed passage of the 9/11 victims compensation fund. bret baier joins us in our 11:00 hour this morning. >>> the house votes today on a bill that would raise the federal minimum wage to 15 bucks an hour. okay. the cbo says that would cost 3.7 mil

today. >> shares of amazon in the premarket trading slightly to the upside amazon of course wrapped up the prime day and some shoppers complaining because longer than expected delivery times because so many orders flooded the site. a data company said the internet searches for canceling amazon prime or 18 times higher on monday. that suggests that some customers just want to snatch up some discounted items without making that long term long-term commitment to amazon and the annual fee. he apparently is celebrated at the close of prime day by standing on top of the amazon spears at the company's seattle headquarters. >> the stock is up $2,000. if you only knew that when. you could've bought some. when it was under hundred and i did it. let's look at the dow and s&p and the nasdaq. weave green arrows. nasdaq up 18 and half. they trade jabs over healthcare. are they trying to woo one of the biggest fans. as i going to work. in the economy may be booming. details coming up when "fbn:am" returns. [music] this is the couple who wanted to get away who used expedia to book the vacation rental

amazon changed everything. they changed it for the better and the reason, they stayed on top, because they have been able to continue to innovate. ironically, that's a risk for the stock moving forward because in order to maintain that valuation, they have to keep innovating. that's one of the reasons you are seeing, for example, amazon now enter the real estate business. this is the number one risk for these companies moving forward. lack of innovation and even more acutely, government. i got microsoft from 1999 to 2016 under the antitrust activations from the federal government, the stock was stagnant. only a government can hurt a company like that. >> you love government, don't you? >> investors certainly don't. >> to add on to your point, if you are looking at the numbers, when you talk about amazon's web services, you saw deceleration, she made the comparison to microsoft and how much growth they had but microsoft also had some deceleration, too. overall, that is what drives a lot of the profits. there was

amazon has shown an ability to go into so many different businesses. >> amazon has amazon web services, too, which is the base behind all the services it provides. uber has nothing like that. if my competition is coming up on uber's heels very fast and furiously. stuart: if i buy uber stock, you better turn bullish on me. >> i will be neutral. stuart: facebook releasing its annual report on work force diversity, says that it wants to double its number of women globally and black and hispanic employees in the united states. are they detracting or distracting from their privacy concerns? i notice the stock is back to $200 a share. >> you looking for me to say something negative about facebook wanting to hire more -- stuart: no, i'm not. >> that's not a hand grenade i'm interested in jumping on this morning. i think it's a great move on facebook's part. stuart: is this diversity move a distraction away from their privacy concerns? does it matter? obviously not, because the price of the stock is 200 bucks a share. >> they've got concerns, they are going to hear from, you know, from the lef

one council auld amazon's founder enemy of the city. it would have cost amazon more than $12 million a year. the rationale, amazon was driving up wages, housing prices so much it was largely responsible for seattle's homeless problem. so it should pay to build subsidized housing for poor. a venture capitalist told the city council that they are chasing jobs away. >> amazon has been unfairly blamed for challenges that we as a region experienced, that we would have experienced regardless of amazon. reporter: amazon just issued a release showing what it has done for seattle over 25-year history. $4.5 billion in capital investment. it has paid out to employees $32 billion in wages which of course is spent locally. now the company is looking across lake washington to bellview. it announced plans for a 43 story story next to twin 15-story towers. it has five other sites under development. >> city staff met with amazon. we want to make sure that they feel welcome in bellevue. reporter: clearly amazon does feel welcome over in bellevue. in fact

i want to ask about alphabet and amazon. first, jack brewer, jump in here. >> twitter had big plans for streaming, likely sports and gaming. fantasy sports continues to rise, legal gambling continues to rise, being able to chat amongst the platforms could be a revenue source for twitter. what's your opinion on that? >> in terms of their increasing their overall basically usage? they have soccer, they have football. they're doing all kinds of things to basically increase the number of usage in terms of time. as we mentioned before, the average user is only a couple of seconds and they're trying to get to the point where people will kind of listen for an entire game. maria: everybody wants live. >> you can work in the advertising from there. >> and gambling. maria: people want live and l gambling. >> in my opinion, that's a big area of growth for twitter to capitalize on. there's a lot of money going into gaming platforms. no social media platform has gotten their hands around the gaming side and that's what's going to control

amazon shares are lower after record run of earnings come to an end. something tells me it is temporary condition. jeff bezos don't care about share price. his focus is world domination. we have jackie deangelis, and rob luna. jackie, listen, i think the numbers are phenomenal we've seen so far. >> they are. even the weakest link, amazon, one of the reasons they missed they reinvested $800 million back in the company. bezos said in order to grow and deliver what we promised users the one day delivery, we need facilities in check. we, top of this. aws, that is the shining star, future. charles: that is the cloud business. >> the cloud business. growth was 37%. a little less than 41% than we saw previously but still -- charles: getting more competitive there. google for first time i notice bragging about their cloud business. before i go to rob on the investment part of this, technology accounts nine billion dollars, up 25%. fulfillment, 9.3 billion, up 17%. marketing up 48%. amazon spent the money to build the empire. they're not worried about minutia a

i do take a look at ebay versus amazon. year to date, ebay is outperforming amazon. if you look at the 52-week view, though, amazon is outperforming ebay by about four percentage points. we are joking about amazon prime day, you said it's 48 hours for the first time. i think there's a lot of analysts who say obviously this is good for amazon but it's also probably going to benefit target and walmart are trying pretty hard to keep pace. you can order a lot of stuff on an app on your phone, they will run it out to your car if you want. i'm not kidding. stuart: i want. i want. deirdre: why not. stuart: to immigration. nationwide i.c.e. raids in cities, new york, los angeles, rounding up illegal immigrants for deportation, but it reportedly only happened in a handful of neighborhoods. we are talking to the mayor of miami, florida. i want to know what happened in his city over the weekend. we'll be right back. ♪ - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now many experts predict the next gold rush is just beginning. s

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

but today is amazon prime day. tomorrow will be amazon prime day as well, and there are these protests all across the country. legitimate at this point? or is amazon just being targeted here? >> it's both, right? not one of these things that has to be one or the other. certainly there's an opportunity for employees who have been denied reasons who have legitimate complaints about their working conditions, who have legitimate complaints about the waps treats employees to say all eyes on amazon right now and we'll take this opportunity to stage job protests and make our voices heard but as i wrote about last week, in the axios market newsletter, you're seeing this pushback to the minimum wage hikes all over the place. walmart employees, target employees when they got minimum wage increases they said this is nice but not enough. we haven't gotten a raise in 10, 15, 20 years and now you want to give us an extra dollar more while we see booming profits coming from the company we deserve a bit more so i think you'll see

amazon, everyone points to amazon as the bold case for netflix. neil: but netflix isn't building a structure as much a lot of stuff to for people to watch. it is very different than amazon building you know a infrastructure that would support all of this. >> amazon is leveraged? >> i don't know that. >> i don't think so. >> they have been, amazon can make a lot of money if they want to. >> right. anytime, turn on the switch. >> problem with netflix they have off-balance sheet long term obligations. this company, you you 2011, 2012 like a ferrari. reed hastings is genius. they got the company moving quickly. today they don't have the luxury. they have committed to content. neil: are they raising prices? >> they are trying to. it is tough. the bull case from here, that unit adoption where it is, that we will continue to raise prices aggressively. our work suggests, once you get over $10 a share, $10 a month for streaming service, when price sensitivity, consumer kicked. this quarter we -- >> i can't figure it out. i can't find anything. >> there is

used to be you couldn't sue amazon if the product you bought at amazon was defective. you would have to sue the manufacturer of that product. the court ruled you can now sue amazon. maria: all the retailers wanted it to go that way. they thought amazon got a free ride. a lot to come, the border crisis, mike pence visiting the southern border this friday. i'll speak with his chief of staff, mark short, next. stay with us. most people think a button is just a button. ♪ that a speaker is just a speaker. ♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer. maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is wednesday, july 10. your top stories right now, 7:3. jay powell on the hot seat today. it is day one of his two-day testimony. his prepared remarks will come out at 8:30 a.m. e

charles: moments ago president trump brought up amazon. amazon was already in the news. people were feeling antsy how this major pentagon contract, 10 billion-dollar contract went to the company. a employee who worked for the pentagon, then for amazon. he went back to the pentagon. shares are really tumbling. when you see something like this, is it a buying opportunity? is it a red flag if what do you make of it? >> here is how, excuse me, here is how i look at that. does this disturb the business case for anything amazon does in any business segment it has? the answer is no. this is about sentiment this is technically-driven trading. to me it does not disturb the buying case for amazon. this i look as opportunity to pick up shares if i'm interested. i think it has a little bit more to fall but that doesn't bother me in the scheme of things. charles: we're at summer doldrums. we hit a new high earlier in the week. we've been sort of drifting. no sense of panic. when does that turn around? do we wait for entire earnings period, wait for the fed to cut rates? what will be

now you can sue amazon. susan: for all my probiotics. stuart: secretary pompeo said iran's recent actions should send a warning to the rest of the world. he want an international coalition to police the gulf. even so, oil is still 56 bucks a barrel even after all that. >>> the web site "daily beast" went after mariano rivera, the day after he was inducted for the hall of fame. if you're a celebrity in sport, you're not a trump hater, the liberal left will eviscerate you. oh, what a story. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. ♪ stuart: nice sound to it. i like this. boy, you're going to carry that weight. not sure what they are referring to. i still love it. >>> boris johnson is the united kingdom's, britain's next prime minister. susan: oh, yes, president trump seems to like him. susan: yes he does. they have a lot in common, don't they? stuart: yes. susan: let's first

reporter: amazon is getting a clear showout for thinking ahead. i would be remiss, jpmorgan chase has a partnership with mit. at&t has a partnership with notre dame university. other large companies are trying to figure this out. it is not for altruistic purposes. connell: so many industries. one you would think of, ours as half a joke. i was at hong kong, in hong kong at "wall street journal" tech conference. they had the artificial intelligence news anchor there. there was no deirdre bolton. >> that is google is working on, have the computer make the appointment with the hairdresser. it sounds completely natural. the front end, direct customer relations will be handled in automated, computer or a.i. fashion. connell: crazy world. >> those studies, the oxford study, they talk about the pace of change, if the pace of change is matched by retraining then we're okay. if the pace of change goes too fast, then you will have more people out of jobs because they -- connell: you can't keep up with it. we have to go. thanks, lance, deirdre, appreciate it.

amazon, alphabet set to report after the bell. the trend has been the friend of the earning are looking pretty good as charles payne. charles: intel that was one of the big names. nobody talked about it. they report after the bell. who cares. neil: i'm sure you do. charles: but i'm weird like that. good afternoon, everyone, i'm charles payne. this is "making money." the stocks are lower as investors wait two powerhouses, amazon and alphabet/google. buying stocks after everybody writes off the company. i can tell you how when we go in depth. most americans in decades review the economy postively. they are giving p

the basically the argument is amazon and google have too much control. they control what you search for. they pretty much providing the platform, so the information about pricing what have you is in their hands. what do you make of this? >> companies are so worried that google and amazon are taking all of the oxygen out of the room. i think this goes to show how important search is among other things, right? so if you can't find something, based on internet, basically doesn't exist in the mind of the consumer. the question though they will be facing regulators if they decide to look at this more closely, how are you going to set up rules that will debate, design how much people can search what they can search for? connell: right. >> how would you even enforce those rules especially dealing with a company like amazon that is not only a marketplace, 50% of all e-commerce sales cross the internet? it is huge. connell: this retail group is saying you have to do things disclose where products are from, erin. you should talk about whether they are new or used.

the second one would be amazon. the reason is that if you look at the other fang stocks, google and facebook are going to have regulatory overhang here and then you have netflix which is a whole separate issue around competition. so i would put a distant second at amazon. liz: amazon, distant second. gene, great to see you. thank you so much. >> thank you, liz. liz: gene munster. what's the next musk moonshot? we have a major hint for you. closing bell ringing in 36 minutes. the eccentric billionaire elon musk rolling out his plan to connect your brain to something he calls neweurolink? what is that? find out next on "the claman countdown." >> if someone has broken their neck, broken their spine, we can solve that with a chip. this is something that i think most people don't quite understand yet. from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. my body is truly powerful.

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

this year's 48 hour event will be amazon's longest ever. delta airlines is giving coach travelers a pretty nice perk. starting this november, passengers will be treated to, are you ready, a complementary drink right after you take a off. and by that we mean one with alcohol. for free. cheryl: free? lauren: free. del tadelta also upgrading the d menu. it will not be free. this, the dairy industry came up with a new way to get kids to drink more milk. >>> it's setting up coffee bars in high schools across the country. milk consumption has fallen 40% since 1975 and the coffee bars could help reverse that decline. there's one high school in north dakota that uses 530 gallons of milk making coffee drinks the past school year alone. so kids will be caffeinated but they will get their -- cheryl: there's a reason that parents don't want their kids to have dairy. like allergies, health and wellness. lauren: i'm sure there will be soy and coconut options too. cheryl: another natur.cheryl: s expected to supply plenty of natural fireworks for the 4th o

[heartbeat] david: it is not just amazon. google and apple are now caught in the middle of their own privacy scandals. a new report saying google has been allowing contractors to listen in on the recordings of customers collected by their virtual assistant called google home. meanwhile apple has had to disable the walkie-talkie app on their apple watch due to concerns about people who can eavesdrop on your conversations. so is privacy a thing of the past? >> completely, absolutely. no matter what, google or amazon or apple do about it, you just can't control the technology. in the google case, this blows my mind. first of all, the contractor had the information. a conversation that you have with your wife in your bedroom or with your kid, i mean, they have this information and then they leak it. but the fact that the device is listening in before the wake word, before the okay google and storing the information. david: weird. >> yeah, we've voluntarily taken these microphones into our homes and gone on to websites where we ar

i don't think it impacts amazon's business model one iota. it is no different from a market manager in heidelberg or recommending the bourse at christmas. they don't know retailers than any other. the question is whether or not the internet is involved. neil: target of various government probes is that a high point you say slow down or what? >> not for me. i'll tell you why. because most of the antitrust regulation, the concerns over business practices, those were levied at a time where the consumer was being hurt. arguably it is not the consumer that's being hurt. prices have gone down. delivery times have gone down. so the benefit is very, very real. if they go after them on something like that, they have to change structure of the laws. that won't stop them from trying to grab headlines. neil: keith, thank you very much. good catching up. >> thanks, neil. neil: there are numbers. there is emotional testimony behind those numbers, from families of boeing 727 max victims today. fbn's kristina partsinevelos with the very latest. reporter: nei

. >> yep. >> amazon also. lot of people want us to take action. >> you going to? >> i can't say that, tucker. david: should big tech be worried? >> absolutely. i sold my facebook stock in the last couple months because of this. i think congress is going to go after these big tech guys. congress loves having somebody to go after. whether it's big banks or oil companies, they love having red meat on the plate to go after somebody with a less favorable approval rating than themselves. they are going to go after big tech because this is right now, it symbolizes that wealth inequality, symbolizes the big brother out there. this is something i think congress is going to go forward with. david: all right. john layfield, great to see you. thank you very much. >>> to immigration. aoc slamming the detention facilities at the border. roll tape. >> this is them on their best day here and they put them in rooms with no running water and these women were being told by cbp officers to drink out of the toilet. they were drink

>> i think this week we have to watch amazon. i know it doesn't come out until thursday and it comes out after facebook, which you also have to watch, but remember last week the bulls twisted an ankle a little with netflix when they missed? it took a little of the power out of tech. if amazon doesn't come in strong, if the guidance isn't great, that stock doesn't respond well, i would have to think tech loses a bit of its luster but if they actually come through, i think we can get back above 3,000 in the s&p and some momentum could cam back because we have been lacking momentum the past few weeks. liz: facebook is up just about 2% on that news about the settlement. amazon is up 1%. luke, give me your names that you watch. you being down at the nymex and in the oil space, you have a different perspective. >> yeah, well, just on the tech names, you are absolutely right. google, amazon and facebook. that's going to be really important. amazon is going to be important because they are going to tell you how people are shopping. you g

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

. >> problem with bernie, he made a moral case, gone after walmart and amazon. >> big corporaterations. >> right, but, the more difficult question, small business owners or campaign like his, he needs the people to be knocking on doors, 60 hours a week, but can his campaign afford to pay them at $15 an hour, not. kennedy: they get 4 weeks off expesmeemployer based healthcart single payer. >> right, i think his problem, full of hypocrisy. all over. but i think the fact he made the moral case is all right biting him you know where. kennedy: does not matter what the moral case is, you know milton prid friedman, they point you can have good intentions but the bad things that happen on the way are not worth it. >> 15 in new york is not same at rural america, the idea that is a federal minimum wage is something to think about. kennedy: also in this something we don't talk about enough. employees will never pay anyone more, that is the most anyone will get paid, that is why businesses should be able to determine if someone is just entering workforce, they don't ern as much as someone who has

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

amazon treatment prime day deals were a steal, porch pirate stole a package, face 5 years in prison, or three if he is a prime member, baltimore police have been unable to catch the box stealer, no one has been able to catch anything in baltimore this season. people who bought season tickets to orioles bought a toaster for bathtub. >> two million people watched video of package pilferer, amazon workers were happy to see a picture of a package that was not sent by jeff bezos. topic three. l.a. lakers, signed big stars this off season, now they landed new player, who will only see court during garbage time. baby raccoon. stuck up here, i'm hamstrung. a monster jam. got called for a three second violation after getting stuck in the net. trash panda stuck for two hours before rescuers cuts him free, authorities warn of a possible rabies scare, hopefully, it won't catch anything from the people of los angeles. >> and lebron james "space jam" sequel. if we don't. only time colbert hits both sides when he is busy kissing elizabeth warren's bony old tu tuckous. >> this next one might be most

amazon produces products cheaper than if you buy it off-the-shelf. it will be hard to show as a result of what they did they're keeping prices up, rather than lowering them, expanding their base. connell: you see this as an uphill climb from the government's point of view from the get-go? >> i do. can i make political comment? allegation more likely to see in the obama doj than the trump doj but here it is, things get flipped whatever in this day and age. good to see you. the department of justice looking a broad new antitrust review. new tech companies. we'll stay on top of it, meantime overseas, big story, new leader for the uk. he was born in new york city, boris johnson but he has been chosen by members of the conservative party to be the next prime minister of the united kingdom, vowing to get the country out of the european union by the halloween deadline. deal or no deal. >> some waggles pointed out, deliver, unite, defeat was no the perfect acronym for an election campaign since unfortunately it spells dud. they forgot the final e, my friends

finally amazon, get this, hitting $2,000 a share for the first time since october. this is one week before the amazon prime day, the big sale starts. very exciting there. i have to tell you, a good day for the markets. we like i had down here. melissa: save the hat. it looks good. gerri, thank you. connell: we'll eventually get there. jonathan hoenig joins us on the panel, capitalist pig hedge fund founding member, fox news contributor. todd horowitz with us, bubba trading show host. obviously been for some time, jonathan, it continues to be all about the fed. we know what we're getting in july, get a rate cut, 100% chance in the futures market. now i guess the debate whether, how big after rate cut we get, not whether we get one. what do you think will happen on that front? the other part of the question, what should happen, right? >> amazing turn of event, connell, look back to the end of 2018, we were talking about rate hikes. as you said virtually 100% of a rate cut. even a 30% chance of a 50 basis points rate cut. federal reserve as you mentioned citing issues

top executives from google, amazon, apple and facebook are about to testify. it's one of at least -- it's been a crazy, crazy week already. four hearings scheduled on the hill this week involving big tech. are we at a tipping point for the stocks? a house judiciary aide telling hillary vaughn today's hearing was decidedly not part of an effort to start a critical investigation into any of these tech companies. but the aide did blame a lack of bipartisan consensus, not a lack of desire, to do it. hillary has been following all the developments, reporting the story from on the ground in capitol hill. what is your sense that the mood there, as this is about to begin, do big tech companies think that it's the start of a critical investigation or more hammering on their businesses? reporter: certainly they have to make that case, that they do not pose a threat to competition and that they need to defend their dominance in front of lawmakers on the house judiciary committee antitrust panel today. but we did get a quote from ranking member doug collins, who does say

amazon also. a lot of people want us to take action. >> are you going to? >> i can't say that. i can't say. cheryl: well house judiciary committee opened antitrust investigation into google and amazon just last month. well, elon musk boring company putting up help wanted sign, looking to expand the workforce in vegas where they are planning to begin construction on tunnel system also headquarters in california and musk says the jobs include engineers, construction managers, architects and boring machine operators, most new hires expect extended hours and weekend work among the many requirements. those are your headlines, dagen, thank you. dagen: thank you, cheryl, fresh controversy for nike, the company pulling its betsy wall's flag shoes at the request of colin kaepernick, former nfl star jack brewer weighs in next. it's time for our lowest prices of the season on the sleep number 360 smart bed. it senses your movement and automatically adjusts to keep you both comfortable. the queen sleep number