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.

we know that amazon also does the same thing. they record conversations and use it again to improve their products and services. but i want to talk to you about apple. apple also had another glitch today in their apple watch. the walkie-talkie where two people with the watch can talk to each other, however work the operating system glitch, one of them can listen to the other's phone without them knowing about it. this is the second time this has happened this year with apple, with the group face time being the first. >> second time it's happened. however, this time i must applaud apple because they got ahead of this before it was discovered and used at least currently it's been reported that it hasn't been used by anyone else this vulnerability so applaud apple for getting ahead of it and squashing that bug before it was too late, unlike last time with the face time vulnerability. >> with all this technology, i think people should understand in this high-tech world, with social media, privacy is no longer probably something that

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

and amazon prime day. so what has -- what started as just a day for amazon is now bigger than amazon. but we still anticipate amazon to break records next year. melissa: we are running a list of companies that have been hammering my inbox with offered. when you see things like this funny report googling cancel amazon prime membership was up 18% as people were joining to get the deal then canceling. >> we still expect to see amazon break records with the number of mimms they are driving and the number of deals they issued is much more than last year. and they are driving sales of their own branded devices, which is one of the keys to their strategy. melissa: i mountained that. when you go on prime day, the only stuff on sale is their product and i want to buy other stuff. do they make money on the whole prime thing? i get preshipping on about 5 million items during the year because of the prime thing. are they still making money on me? >> absolutely. amazon is not known for having the biggest discounts. the

they are catching up to amazon and one of the areas that they need to grow is china. let's see what they have to say. let's see if they can keep up these revenue numbers. keep in mind, this is a company that does substantially more revenue than amazon does. so they have a lot of firepower to endure a decline a lot of tech companies may not have. connell: guys, what we'll do, we'll come back. first, second, maybe third glance, just about everything we saw from microsoft looks solid. we'll dig through it, wait for the call, look at some of the guidance figures come back to later in the show. erin, lance, you come back for a segment later. thanks, guys. melissa: breaking news on iran, president trump announcing a u.s. showdown, a shot-down iranian drone in strait of hormuz. blake. reporter: commander-in-chief announced this, u.s. quote, unquote, destroyed an iranian drone. president saying that this happened in the strait of hormuz. he said that this iranian drone was going about 1000 yards or so away from the u.s. boxer, it ignored multiple calls to stand down. this was

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.

focus today on amazon. tell us what your experience was like there, through the context, what do you mean, they treat you like a robot. >> so when it comes it a robot it is more like that you are sort of held to robotic standards of productivity, which in my kay when i was a picker at f-8, we carried around a scan gun. it would assign you tasks. when you got, every time you scanned something to complete that task, it would immediately give you a new one. there is a bar at the bottom, that would start ticking down the seconds you had left to do it. connell: they were tracking you, you were saying the whole time? >> yeah. the thing was gps enabled. connell: amazon has responded, i will tell you what they said in a second. >> i know what they're going to say. connell: here it is, let me get to it first. i will ask you another question. for someone who only worked at amazon for 11 days, emily's statements are not an accurate portrayal of working in our buildings. we're proud of the safe work places and allegati

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

you think amazon sits back on the information as well? everybody uses the information because its their form and the real money in the business is by amount of names and people they collect they can market to through their advertising. so at the end of the day you want to be product, you want it for free, that is what you will get. i don't think there is any defense of your privacy if you're handing over your information. connell: we continue to do it, lauren. 2.1 billion people use facebook, whatsapp, messenger, every single day. that plays into the active daily users on facebook alone is over 1 1/2 billion. when you work in the other platforms. young people on instagram. that is over two billion. we're doing exactly what todd suggests. >> exactly the consumer is out there say they don't like the privacy is being used in ways they don't necessarily like but they still continue to go on these apps. if they go on, facebook continues to sell ads. that is what it comes down to facebook is making money. until that happens, investors won't car

amazon down by 2%. alphabet, sometimes the options markets get it right, they were pricing a move up or down of 6%. stock up 6.25% after the earnings release. >>> intel reporting its second quarter results. that is another big one to get too. jackie deangelis joins us with those numbers. what do we see, jackie? reporter: connell, intel soaring because we have a beat top and bottom line. revenue 16.5 billion, surpassing the 15.7 expectation. earnings per share $1.06. that was well above the 89-cent estimate. where intel tripped up last quarter was on the guidance. it gave weaker guidance, even though beat on top and bottom line. that was a problem. this quarter raising the full-year revenue outlook, up 500 million from april. so investors are looking at that in a positive light too. before the earnings came out we saw headlines regarding apple acquisition of intel's smartphone modem business. that is in fact happening. that will happen for a billion dollars. apple is getting a majority stake in it. after

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

amazon turning 25. the challenges ahead as the tech giant marks a major milestone. >> hiring bouncing back. the u.s. economy added 224,000 jobs in june, beating wall street expectations, easing concerns about a economic slow down. let's go to edward lawrence at white house. reporter: great to see you, jackie. showing fundamentally the economy is very strong the unemployment rate ticked up to 3.7%. it ticked up for a good reason. the size of the labor force grew. that means for people are looking for jobs. the president is still upset seven fed rate hikes have happened under his presidency. >> if we had a fed that would lower interest rates we would be like a rocket ship. we're paying a lot of interest. it is unnecessary. we don't have a fed that knows what they're doing. reporter: federal reserve chairman joe powell says pressure does not play into any dizzy but they look at average hourly wages as sign of inflation. wages grew 3.1% over last 12 months. that is low enough to indicate inflation pressures

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

melissa: gary, it was never a coincidence, we saw amazon saying they would raise their minimum wage to $15 an hour. it wasn't very apart from the announcement we read about more robots, more automation. that is how this works, no? >> when you mandate more expenses to any business owners, big or small without any productivity gains there is going to be an equal and opposite reaction. it is going to be kiosks or a lot of people losing their jobs or not getting jobs. just remember business owners look at talent. if they see somebody making $10 an hour, all of sudden they have to pay them 15, they may not keep them. there will be a lot of repercussions. of course people coming out with this mandate know nothing about economics. know nothing about risk capital but are willing to tell all of business what they must and have to do. it will not look good when all said and done. melissa: taking a shot at facebook, apple cofounder steve wozniak is warning about the loss of privacy on the popular social media site caught on tape by "tmz." listen to this. >> there are many different kinds of peopl

rep robert lighthizer launching an investigation into france's planned attacks on tech giants like amazon, facebook and apple. lighthizer says the u.s. is very concerned that the tax expected to pass the french senate tomorrow quote unfairly targets american companies. we will continue to monitor that story for any developments. we will bring those to you. meanwhile, the world champion u.s. women's soccer team getting a tickertape parade through new york city as mayor and 2020 presidential candidate bill de blasio saying he would enforce equal pay for the women's team if he were president. democrat senator joe manchin also weighing in. he's introduced a bill cutting off funding for the 2026 men's world cup until that pay gap is closed. that's what the left is saying. here are the numbers. in their last world cup cycle, the u.s. men's team brought in over 5.3 billion dollars in revenue, but the women's team is expected to bring in 131 million. that's less than 40 times what the men earn. so should the women make the same amount of money when they're bringing in just a small fraction of wha

government approving a new digital tax on tech giants, applying 3% on revenue of companies like alphabet, amazon make in their country. the u.s. government is now launching an investigation to see if this new tax discriminates against american companies and you know what could happen then. could this cash grab lead to a new trade war? what do you think? >> oh, those french politicians never seen a tax hike they didn't like, never seen a tax cut they did like. by the way, let me add that the french now just put in a tax on airlines flying out of france. that's going to hit the consumer also. leave no doubt for every action, there's an equal and opposite reaction. that's called president donald trump. if this does occur and hits our companies, expect some pushback and guess what that's going to be? jonathan's favorite tariffs. >> i hope -- why would he put tariffs on americans? that's what i don't understand. he's going to have a trade war now with france because france is taxing american companies? he's going to tax americans who -- look, anything but -- instead of more taxes, why not get rid of

[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

amazon. do you feel amazon miss treats their workers? >> i can't speak about whether or not amazon miss treats workers but the conditions in my company are becoming more and more burden some as amazon increases the pressure of the operations. >> what does that mean, in your case, because we've heard from workers here who say they have to pack a lot of goods in 16 minutes but as a pilot what does that mean for you? >> that means we have a staffing problem with the contracts that we have today we can't recruit enough pilots to stock these airplanes and amazon has really ambitious growth plans, and just getting the airplanes staffed and crewed properly in order to serve amazon is becoming a problem. >> so they're asking a lot of you. i'm just wondering do you feel that you're being paid enough to meet those expectations? >> actually we're losing pilots because we're not paid enough. if you compare the jobs we do to a company like ups or fedex and amazon clearly put themselves into that segment,

with amazon. in one of their cases here in the state much california, they are saying we shouldn't be overregulated because all of the customers that go on to amazon are our customers. they are not reseller's customers. then in another court case they said they are not our customers, we don't want to be liable if something goes wrong with the product. we need to update the law. we are a 21st century economy. we can't let the rules of the 40s and 50s apply to this current marketplace. reporter: google is denying it has ties with china. >> it's very peculiar back ground where google is working with the chinese communist government and not with the u.s. military. so the project decision was not to work with ai with the american military but they are working with the communist chinese. the question is what in the world is going on there. reporter: google reresponsibilitied, as we've said before, we do not work with the chinese military. what about the president and the fact he says his administration

reconsider a $10 billion cloud computing contract it's thinking of awarding to either microsoft or amazon or possibly both. companies like oracle are complaining about the awarding of this contract. so the shares were down all day on that news. but after hours, the shares soaring on good old-fashioned eps. back to you. kristina: we saw that like you said, up 39%. thank you, gerri willis. the acting department of homeland security secretary clashing with democrat lawmakers on the hill today as he testified about conditions at the border. >>> california democrat rho cana was there. his take will be next. >> you want to make this longer, it's been very clear from this administration, you want to keep kids longer. >> we want to keep families together through an immigration proceedings in an appropriate setting. it can't be done in 20 days with due process. ♪ ♪ award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. the volvo xc90. when crabe stronger...strong, with new nicorette coated ice mint. layered with flavor..

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 bad for consumers? they are reducing costs, not raising them. >> they created all of this. there was no internet comments. the same argument in the 90s, it was going to be no kia, other companies that would be the monopoly. this is government meddling. >> you say that but then look at the ad revenue and how much google dominated across the board. according to this report, they look at how the companies leverage their network of users. >> why did they dominate? they provide a service people want to use. >> are they taking advantage of the fact that they are so large? he said i don't think anyone would come to the conclusion that we are a monopoly. can we say that? they are simply looking into it. they are simply looking into it. >> how many times when politicians are simply looking into something to the end up doing something that hurts the marketplace? - i think most of the time. this is not standard. he was holding the country hostage. you look at maybe google, google was the only one who could maybe h

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

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

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

a trillion dollars for amazon. we'll be right back. ♪ connell: there is all kinds of things going out, going on in sun valley. big tech executives not at white house. they're out there today. secretary of state showing up. bigger than all of that, charlie gasparino who is still there. here he comes flying in for us. charlie, talk about your scoop or scoops. can you look up, please, charlie, if you're on the air. >> i'm sorry. i'm sorry. connell: i thought you didn't like me. >> i got my cue. connell: t-mobile, sprint, i was going to get into, your scoop or scoops, start from that, move from there. what are you hearing? >> here is what we got. reason i'm looking down, here is what i have my notes. this is what we've been reporting, i can't tell you this thing will definitely happen tomorrow the next day. what i said earlier in the week, i said two things, number one, likely tuesday or wednesday. that is how the deal talks were progressing, that doj would get comfortable with the structure of deal, sale of spectrum

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, apple, certainly google. the ones would likely be the target of government wrath, they are down, not a lot, they're down. but you know nasdaq 100, technology index and nasdaq rich the technology names that is flirting in and out of record territory. it is not having the effect a lot of people thought, but what do you make of that? >> not yet, but i mean, you and i forgot we've been talking about this for a while. we're finally here. i have to believe the folks who cover these companies, whether they're analysts or investors, we knew this day was coming. i think what was interesting about the announcement from the justice department, neil, is that, this investigation is, i mean it is pretty broad. this goes back to bill barr's comments he made during his confirmation hearings where, you know, he said straight out. he thought it was high time that the justice department took a look into the entire tech industry and, with the lens of, have some of these companies gotten too big? and whether or not they're engagi

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

neil: amazon, get your thoughts. alexa hears more than we know and hangs on to it longer than we thought. >> this was reported in -- it was in response to a letter from delaware senator chris coons who wrote to amazon, saying how long do you keep these recordings? as you know there was a bloomberg story they do record what you say. neil: right, right. >> surroundings, to better improve the service. looks like chris coons got a response. he says the american people deserve to understand how their personal data is used by tech companies. i will work with both consumers and companies to identify how to best protect american's personal information. you may not like the amazon's response. they don't delete it. you have to do it yourself. they keep it forever. neil: to what end? >> to what end? to improve services, detect voice pattern recognition better. it is up to you to protect your own privacy. for my part i have never owned an alexa speaker because of this. no one needs to know what i'm doing at home. neil: they cree

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

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

it is descending upon amazon. don't forget to download and rate and listen to my podcast, everyone talks to liz. it's on google podcast, apple podcast, fox news podcasts.com. the story today, i have already gotten so many compliments on this one and real nice feedback. "the claman countdown" is coming right back. -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. 4 out of 5 people who have a stroke, their first symptom... is a stroke. 80 percent of all strokes and heart disease? preventable. and 149 dollars is all it takes to get screened and help take control of your health. we're life line screening... and if you're over 50... call this number, to schedule an appointment... for five painless screenings that go beyond regular check-ups. we use ultrasound technology to literally look inside your arteries... for plaque which builds up as you age- and increases your r