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

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 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

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.

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

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

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

[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

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

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

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

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 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 not, it's here to stay. that does it for "bulls and bears" rsh. liz: president trump slamming the democrats for doing quafer they can with this quote impeachment nonsense. house judiciary chair jerry nadler now indicating impeachment is more than tough talk. he says

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

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

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. >>

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

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

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

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.

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

. >> 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

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

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

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

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

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

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

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

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

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 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

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'

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

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

. >> 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

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

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

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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

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

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

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 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