prime day isn't just a big day for amazon though. it has created a halo effect for rivals, many which offer competing deals. adobe analytics predicts sales could surge 79% compared to an average monday or tuesday in july >>> thank you very much. now chewy is set to post results for the first time since going public lesley pickard has the preview hey, lesley. >> hey, wolf that stock up 55% since its ipo just last month. a slew of analysts initiated coverage on chewy this week with more holds than buys actually. the main bearish case on the street is valuation. the stock popped in its ipo as investors clamored for the largest pure play online pet retailer the bulls, however, point to chewy's growth and a recession-proof category with a path to profitability. chewy's first quarter earnings are due out after the market close on thursday with a conference call to follow. we will be listening in, guys. >> leslie, thank you >>> sticking with earnings, the big banks also set to post results next week. wilfred, you will be busy. what should w

if the investigation finds amazon broke competition rules, it is company could be fined up to 10% of global annual revenues >> aditi, thank you. >>> facebook facing another hears today, this time before the house financial committee. ylan mui has more. >> reporter: lawmakers wanted the company to commit to a moratorium on libra, or at least start with a pilot program facebook said no, so congressman brad sherman says he's taking it to the top. >> zuckerberg can't print money, yet. and problem number two, zuckerberg is under attack, because he invades the privacy of ordinary americans and sells it to the highest bidders. we need zuckerberg here. >> reporter: guys, chairwoman of the committee maxine waters said today was just the first step. >>> for more on the growing calls to regulate big tech let's bring in representative rho khanna amazon not in your direct, but i'm curious to get your thoughts on the eu taking seemingly a more aggressive stance on much of our large technology companies than we as yes have, and specific to amazon and the latest -- that may be having to deal with in

facebook, amazon, google all reporting results flex week. how to pro situation yourself ahead of the big reports a major developing story in the oil market, crude shooting higher on news iran seized two tankers in the strait of hormuz. we are watching the reaction very, very carefully karen, you are not

amazon pushes you to amazon prime. so roku is agnostic. so you wind up getting everything you could funnel through and decide what you like better they're going to be in more and more tvs, more and more set-top boxes. i think that it is due for -- ripe for a pullback when it's up 200% you can't knock mahaney for backing off t. >> 30 minutes to go. here are things driving the action, mixed action on aufwall street we are on record close watch for the s&p 500. any positive close would set a new record i think it would be the seventh record close of 2019 oil prices sinking as opec wraps up its meeting in vienna they popped yesterday. and yields on the ten-year treasury falling back below 2% >>> time for a news update with sue herera >> hello, everybody. here's what's happening at this hour after three days of negotiations, e.u. council president donald tusk confirming that the european union have reached agreement on their new leadership >> we have proposed an underline of the next president of the european commission, and nominated christine

facebook, amazon, apple less so, google more so but less than 2%. i mean, are you surprised we're not seeing bigger declines now that the doj is looking more seriously at that. >> i wouldn't say surprised. it's understandable we get this reflex move. facebook especially, amazon certainly so it's sort of a step back. >> do investors have no fear of this >> i think dough mean't know ho quantify it. i think the things -- first of all there is a chilling effect on additional acquisitions if you thought they had to be aggressive, probably not going to happen and the bundling of products and services. amazon privileging its own, you know, its own in-house brands or something like that. google, you know, if i do a mobile search on a movie and google, google wants to give me the google rundown as opposed to some third party, imdb owned by amazon that's what i wonder about >> google wasn't mentioned in the list of names this is just additional reports but one would imagine it might be in the spotlight as well. >> for sure. >>> now, chipotle stock hitting an

analysts are likely looking for clarity on how amazon could respond to regulatory scrutiny amazon is usually quiet on this front but we'll see if tomorrow it is different. back to you. >> all right deidre, thank you. >>> alphabet set to report tomorrow josh lipton here with the preview. josh. >> reporter: so, sara, alphabet is up about 9% this year but it does badly lag the market and the tech sector. street expecting q2 eps of 11.32 billion. the company is facing head quins including slowing growth and increasing regulatory threats with the doj opening the antitrust review some believe google could be in the crosshairs in part given its market share in search guys, back to you. >> thanks for that a lot of after hours moving. >> facebook has slipped as well. so it looks like it will be a bit of a test here of the notion that earnings have been good enough, we have the fed, lots of things moving in the bull's direction. very good action today. >> and regulatory pile on. >> today's record -- >> a little bit. hey, it was a soft open today, too, and there was resilience throughout the da

and i think it's interesting on amazon, i only worry about the top line amazon spends so much money, and i will say this, i have a lot of positions in private companies that sell consumer goods and services in america, almost in every state now, and about 30% to 40% of our sales are now on amazon, and there's good pros and cons to that, but we really want that same-day delivery. so, if there's more capex going into that, i'm very happy with my position in amazon. that's going to be a game-changer for a lot of providers. same-day is a big deal, because it lets you get an advertising spend and get a direct measure to how impactful it is in regional markets, when you can deliver the same day >> we have got another earnings report out, and it's starbucks kate rogers has the numbers. >> very strong q-3 for starbucks here, beat on every metric we'll take you through eps 78 cents adjusted compared to 72 cents the street was expecting. revenues $6.82 billion versus estimates of $6.6 billion. that's up 8% year on year. the company also says that's an all-time high for revenues global comps up

deidre >> amazon is in full spending mode and that is cutting in to profits. investors, they don't seem to mind much because higher spend translated in to faster top line growth within day shipping costs may be bigger than expected, but as the cfo noted, they have been down this road before with warehouses and fulfillment, the willingness to spend on innovation in the past rather than deliver profit has paid off so far. so investors remain patient for now. this time around though, things could be different amazon is facing international and of course regulatory challenges >> deidre, thank you alphabet is on pace for its best day since 2015 actually contributing a huge chunk of today's index gains josh lipton has more in san francisco. >> so heading into this print alphabet was lagging the market and tech sector, but today i investors are mil piling in. easing fears of slowing growth that have weighed on the name. and the company gave investors something else they wanted too, more disclosure. revealing that its cloud business is now on track to rake in more tha

you get overwhelmed with it in just one streaming service netflix, amazon prime video. you've got now at&t warner media that will launch a streaming service and all of these cost money. if it's a stand alone, $16, $17 which is what at&t says it is going to cost. big deal but you try to bundle those altogether and try to figure out content. is this a scenario where those who are late to the party miss out entirely if you missed being on cable in the '90s >> well, you know, i don't know if that's the case but what i do know is that there are several content companies out there that could be very attractive to somebody who want to bundle or somebody that want to add to their content. >> like what >> well, there's discovery out there which is, great assets you deal with john malone to get it or lion's gate and that kind of thing also amc which is a very attractive asset in terms of content creation and audience. also, i think there's an opportunity for what i call targeted content companies to find a place and build a brand and ultimately may be acquired we have one within

a lot of retailers get prepared to hone in on amazon's prime event next week. back over to you >> bertha, thank you >>> millennial traders are breaking from the rest of the market for the first time in two years. t.d. ameritrade is seeing a divergence between millennials and the general public, according to their june imx survey joining us now is chief market strategist at t.d. ameritrade. so let's talk about that age gap differential >> for the first time since november of 2016, our clients were net sellers of things not just equities but overall. >> by a big margin >> well, yeah, a pretty good margin, particularly in equities even more so than fixed income i think one of the interesting things about this is it shows that although, you know, as the market is at all-time highs, at the end of the day it was a good first half of the year for retail traders i think they've gotten to a point where they're like, okay, there is so much on the horizon. maybe we should take some risk off the table overall. i think it's interesting they didn't go equities right into fix

amazon one of the best performers in the s&p 500. we're also waiting results from levi strauss this hour we'll bring you them as soon as we get them. first to talk about the market today barry math is here welcome barry. tom farley still here chairman and ceo of far point llc mike, what about you, had an interesting mix of sector performance today, materials not so hot, real estate doing well, but financials and tech. >> exactly mostly financials and tech consumer remains pretty much leadership across the board. so i think that's been pretty consistent we were talking yesterday about how this calming down of the market after highs last wednesday looked innocuous was a little overheated. i would imagine tomorrow with powell and the next day, it's a two-way risk could say something the market could relax and move to the upside as well as potentially taking back talk about a fed rate cut seems like it makes sense. the open this morning the s&p was just barely below friday's morning low, after the jobs report and picked up from there. th

amazon, fresh all-time highs, underperforming last six months. take it now. >> grasso. >> you know what has no impact with trade or anything going on? match.com. >> match >> match group. >> what match? >> match group. >> whoa. >> up 71% year-to-date if you want to hold back, wait until it reaches 75. >> are you on that >> steve knows a lot about that. >> final drad? >> soar industries. >> interesting. >> for a >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to make you money. my job is to entertain, educate, teach you, explain it all. call me or tweet me @jimcramer that's it. okay i have had enough, right i keep hearing at today's rally dow gaining 77

we're all focused on amazon. this one skates right past everyone >> it got dissed by us. >> we didn't do a whole show on it there was no trillion dollar market cap ringing the bell. there was no thing we do for bitcoin in the lower right, that whole thing. >> nathan, though, you know dan, maga, that's the m in maga. >> but i think dan would say faded at this point. >> he's not here, he would hate it. >> anyway, with can we move on unh, brian kelly fade it or trade it i'm going to take a page out of carter's book and not tell you what i think. >> because you don't remember. >> take the camera off me while i look at it i'm looking at this in the beginning of the month the stock was $240, right? we've now moved up almost 30 points well over 10% move here any asset that moves up that much and particularly a stock when the volatility is relatively low to that, to me that's a fade. i'll fade it this is where you sell this one, not necessarily anything against the company, but it's just the price action. >> see this is

is all about the original content and that's what they have to do right now, and let's keep it. >> amazon did it for 20 years, didn't it? >> yes. >> just burned through cash. >> i owned netflix and bought it a little over a year ago i pitched this one as well and everybody voted against me why? because they didn't see the vision he sees right now in terms of international power and -- >> i change my vote now. >> i appreciate it. >> now that everybody sees that view, that's why he founded -- >> he has the vision. >> all right still ahead, energy getting slammed today. one trader says more pain to come it is not going to get better. we will break it out and talk about why. check out the cramer cam, jim cramer speaking with domino's ceo. that stock was roasted today we will bring you those comments right after the break. ♪ and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. >>> all right. we

guy had amazon as the bad. facebook is good so my good would actually be amazon my bad would be facebook which makes a good "fast money". here's why amazon is good. they focused on profitability over the last four or five quarters much to, i think, at times disappointment because people were finally looking at this company as a growth company that stopped growing how do you have this multiple. ultimately i do think they will start to give you north of 20% neutral growth and i think that's really the issue. when i look at facebook, despite the fact that it's been and maybe because of it's been such a great run for the stock the realities around the regulatory environment the libra coin is not a game changer for them revenue wise any time soon their expense margins continues to go through the roof that would probably be my ugly if it wasn't for google which i do think is a great company and agree with karen the problem with google right now and what makes this quarter ugly not the company and not the valuation, n

to tim's point, the stocks had tremendous runs, at least amazon and facebook you look at amazon, into earnings now, you have to wonder, do you want to try to play it from the long side into earnings with this headline risk out there. it is interesting, quickly gene said facebook's five points out of ten which i sort of get, but you talk about stifling competition. i mean that's been -- >> amazon, that's their game. >> -- for a long, long time and it is one of the lead lines i'm reading in the doj headline. >> plus there's the political, bezos. >> no question. >> you can't think of this administration who went after at&t time warner when it was a loser there's another element here. >> yes >>> coming up, chipotle, snap, visa all on the move in after hours. their conference calls getting started. we will break down the headlines straight ahead texas instrument, the stock hitting a new high after hitting a blowout quarter. back now with two more parts of the market that are ready for take breakout. we're live from times square in new york city, much more "fast money" right after this. xfi

the amazons? >> those are the games i don't know that i shifted away from those names, but when you look at the names, fang names. expand it more and look at what microsoft has been doing and look at cisco. they have been performing. part ofs that that when we look at the companies and you look at the growth perspective and the guidance from the various names, by the way, i know when we are talking about the earnings and everybody is concerned about the numbers in the past or whatever, there were names out there that absolutely crushed it. they crush it on their revenues and you are seeing some of it in the semis as well. a lot of these names, there is a lot of different areas right now that you can put your money. financials is the biggest let. everybody knows that it has been that debt stone that when does that finally kick in it still hasn't. >> this is going to be the question for the next many weeks. whether the market is expecting too much from the fed. let's bring in mike at the new york st

on amazon, nat in atlanta want to know how much higher amazon may be headed. good question on the start of their prime day. >> let's forget about the noise of the next two days whether the prime day disappoints or better than expected this valuation of this company is not based on a valuation metric as the momentum continues, stocks can go higher they have license to spend whatever they want to spend on initiatives. they have done well. you have to give them credit they are one of the smartest operators out there if not the smartest that we have ever seen. >> they invented their own holiday, prime monday. > jim in florida asking about slack. you might be slacking right now. >> i'm never slacking. i own the stock. i bought it the day they came public i'll probably end up adding. i do want to see them report a quarter. get a sense of not only what they have to say but how the street thinks about it in the aftermath. that will probably be -- it's been public for ten days not much to say about it that's where i am with this. >> carol wants to know if gold will con

we'll also see at the end of amazon prime day how strong the consumer is. >> the new cyber monday was yesterday. bryn makes an important point. there are people that are getting pinched by tariffs nobody is saying they're not have you or anybody on the panel heard their family or friends or anybody they have seen in the store say, you know what, m maybele? don't buy that, it's 5% more expensive than it was. >> the euphoria citing for the consumer, if there is euphoria and the consumer has a concern it's not the tariffs as much as it is potentially housing. and the impact of salt and the fact that house prices have reached a level that somewhat unaffordab unaffordable to me the euphoria is present if we saw house prices continuing to move higher and consumers reaching through leverage to pay the higher price we are not seeing that we see the sensitivity in price. i think that's a good thing. >> i'm excited about trade wars vis-a-vis consumers in china the reason the market doesn't correct every time there is more trump rhetoric regarding the trade war is this. the upside for me as a u.

they didn't care about amazon. when they weren't making money but this is one that is making money which is why they don't care in other words, can they go out there and can bad stuff come out about how lax they were as far as security and how people like cambridge analytica and so forth got in there yes, you can shoot all kinds of arrows at them but when you see a company that's going from, you know, $4 a quarter in earnings to like $7 and almost $8 a quarter, come on when you have this many shares and you're talking about the numbers we're talking about here, that's why they don't care they will care about those others when they're not making money because then all of a sudden, you can turn on a dime but you can't just run away from this one because they are printing money as if they are the government itself. >> so snap, we mentioned reca ed earlier, had good earnings on its own. pete, you had unusual activity on this back in the middle of june and the stock is up big since then how much of today is about snap's

in terms of amazon, regardless of what happens this quarter it's not the end of the amazon story. in terms of azure, look, it was the slowest growth they have had in the cloud in the last three years i believe, but that's a -- that's because of the size of the base has gotten big, so i still think they can be there and still perform. i don't think the market needs to perform to your point, but i think they will perform. alphabet is the one that i'm worried about because they have had some growth issues even though the growth expectations are very muted, below 20% versus 26% we're used to i shaved a little last week. i own a little amazon. i'd buy more if that got crushed. microsoft is still there, and i bought a little more after the quarter actually i think it's much more predictable earnings stream in microsoft and more analyzable than amazon or the others so i'm happier. >> it was a first-quarter disclosure that have slowdown that really got alphabet, right? >> yeah. >> and that's partly why or a big reason why it's been a lagard compared to its big-cap peers? does the valuatio

>> yes it's 8 billion for 36 billion at amazon which is why amazon going to 37% aws growth isn't that big of a deal it's large numbers microsoft is 17 billion. >> being third in a business -- >> is okay. >> that's one. two i think a lot of the street were thinking more like 6 billion for analyzed cloud revenue and google is on an 8 billion run rate, ahead of expectations 40% growth in quote/unquote other. so 40% of the revenue comes from advertising and cloud and now you have this other unit with some of the bigger bets they have made starting to surprise to the upside. >> you own it you said. >> um-hum. >> i own it too. >> own it. >> do not own it. >> would you add >> everyone owns it. everyone in america owns it, it's one of the biggest holdings most people are in an index or an active fund tracking an index. so i think it's good for the markets overall to have a company like this where expectations were low come along and say we're not going anywhere, we're still google, still alphabet. >> it's a huge name. >> it's 3% of the s&p. >> right. >> would you add it, absolutely. >> why wo

amazon web services. while that 63% premium sounds like a hefty price tag, considering there were other potential bidders, they paid what they had to pay to get the job done it's a little misleading it seems like ibm paid through the nose for red hat if you measure where the price tag was before the announcement. at the time, $116 stock, ibm sold out 190 we've been supporting it for years when it was in the 50s, 60, 70s, 80s red hat, even a year before, the price seems a lot more reasonable in june of last year the stock was at $177. after getting clobbered for a suboptimal quarter if you think jim white hearst like i do can turn things around -- and i did -- then it wasn't going to stay down here for long it was going to start climbing with or without jenny. if you take red hat's price over the year before's ibm's take overbid, $142, ibm only paid a 34% premium. in other words, i don't think they overpaid versus what this business was really worth. then there's the qualitative argument for years ibm had

i would bet on mary dylan if the stock gets hit, buy more the company knows how to handle even amazon, people, we're seeing a return to the 1980s growth today so stop complaining, and stop talking about the fed, and let's settle in to companies that are doing real good job winning in the supermarket, the grocery store. on "mad money" disney is powering more than the movie theater box office i'm sitting down with hazbaro and a snack attack on wall street which company could come out victorious because i'm focused on the 1980s group stocks and comparing hershey and one super star is teaming one chase to help young entrepreneurs jamie diamond is getting behind the guy. he told me himself stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. moving is hard. no kidding. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online

big box spending continues unabated although amazon, after a big run up better than expected quarters, took a breather tonight because of heavy spending cycle i told you was going to kick in when we get the game plan. most recent mortgage application decline, low single digits housing is still pretty good the industrial economy is so weak j. powell has plenty ammo to justify cutting interest rates. if the president rolls out new tariffs on chinese import, 300 billion, one rate cut will not be enough. here's the bottom line, people arksz i've been saying, we have two economies in the country the manufacturing economy and consumer economy for the moment they are very out of step with each other. the former doing badly the latter doing well. this industrial weakness is a serious problem. it will not go away unless the fed steps on the accelerator only offset the weakness, along with the air pollution from china. >>> jeffrey in washington, jeffrey. >> caller: bouye i can't from seattle, jim home of jwn. >> that's right, i forgot, that was on the 52 week low i have to get a new address. wh

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

, it was the tale of three cities here in a way microsoft had a good print, didn't go anywhere amazon had an okay print to negative, it went down a little bit. google had an unexpected good print and went up a lot. the one thing about google, alphabet and apple, expectations are relatively low, both off 10 pearls or so fr % or so from the all time highs. when i think about the quarter, the options market is implying a $9 between now and next friday's close. on average, this stock moved 6% after day's earnings that's a lot for a name this big. i think expectations are low they put up a decent enough print into a weird quarter i think they have a mulligan with the trade stuff and the stock goes higher and options are pretty reason enough to make and at-the-money bet to get a breakout at that level the trade is system presidentim. if you are bullish and you think it has the potential to out perform like google, you buy a call when the stock was trading at 208, you could buy the august 2, '10 call playing 4.25 for that that breaks even at 214 a quarter. that's up only 3% from the current

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

h q2 and we're going to go in depth with exclusive new details about how virginia won amazon. guys >> all right thank you very much. scott cohn >>> competitors are taking aim at netflix, stripping the service of two of its most popular shows. "friends" and "the office. so what will be the next shot fired in the streaming wars? we'll look at that when "power lunch" returns carvana is six years old this year and is the fastest growing place to buy a car in the nation. it's because we have thousands of people working hard to make our customers' experiences the best. it's because we have tens of thousands of cars ready to be delivered to your doorstep. and it's why hundreds of thousands of happy customers have ditched the dealership and bought their car online, earning us an average 4.7 stars in the process. so if you didn't know about us before, you do now. we're carvana, and we want to give you the car buying experience you deserve. >>> welcome back netflix is losing its "friends" weeks after finding out it would be kicked out of "the office." we'll have more on that in a moment

consumer discretionary, that's amazon and home depot, essentially. let me show you the biggest stock s that were out there. microsoft was almost 7% of the reason we got from 2,000 to 3,000. of all the gain, it was amazon you put these top five together, facebook and apple and jpmorgan, the top ten companies in the s&p 500 accounted for 34% of the gain from 2000 put up the next full screen, from 2000 to 3,000, ten companies accounted for two-thirds of the gain why do we keep paying all of this money for technology stocks what's where the growth is, kelly. growth is hard to find investors are paying anything for growth that's in technology >> so the fed chair, mr. powell, fueling the markets to new highs again today. he have testify today again in front of congress. he said that monetary policy have not been as accommodative as could have been what a change from last december and that the relationship between unemployment and inflation has gone away. the phillips curve he's also worried about the global manufacturing pullback. has the fed just given th

>> so i own amazon and i actually own amazon not for e commerce, not for prime day, of course this year prime days. but because of amazon web services here's a company that has an overall operating margin of 7%, the average company in the united states has won many the double digits. here's a situation where if they can continue to grow their revenues, 15 to 20% per year, their earnings growth because of expansion will probably grow at double that clip and so no, it's not inexpensive. never going to be a value stock, but then on the other hand, i think it shaould be a stake on anybody's portfolio. >> all right, fine, we get a share of each. that's kind of the seem i see with all of these. what happens if they go with facebook and you spin out the what's app and instagram spin out youtube for shareholders like me, it might be more valuable thanks, appreciate it. >> cool to be here zpl good to get your point of view >> all right this chart is a pretty picture for snap investors the share's up nearly 200% so will it continue to make investors smile? trading nation is is next and the nba se

top brass from apple, amazon, google, facebook, all grilled on the hill we examine the real risks facing the companies and their shareholders >> and solid demand and low interest rates home builders should be ecstatic, right? maybe not. we'll show you what's worrying them about the american housing market as "power lunch" begins right now. >>> welcome to "power lunch. i'm courtney reagan. let's get a check on the markets this hour. a cautious day on the street stocks trading in a narrow range. the dow managed to hit an intraday high earlier, but now we're in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. oil also tanking this hour secretary of state pompeo says iran is ready to negotiate about its missile program. the final trade details are straight ahead brian. >> big oil story i'm sure we'll get more. thank you very much. we have a lot to do. let's kick off this hour from news from washington where else where once again, president trump sparking new uncertainty about any kind of a trade

of these other businesses that amazon hasn't been successful at advertising. can amazon continue to be as innovative and go into as many businesses, guloseri rgrocery, o >> jason, am i a horse's ass don't answer that question that's a separate issue. you see where i'm going. you can look wback at media companies, conglomerates over the ages, and see that history tells you they rarely stay in tact zpl it's a fair point. there are you know all these software analysts would love for that to happen >> you bet >> aws business and we would be kickoffing the retail. the e commerce side. amazon, we think is going to try to keep their business in tact for as long as they can and remember, netflix got the first competitor walmart, early customer. big competitor, so until you start to see a netflix, a walmart say you know what, we are not doing business with this xwaen, then there's what would be the other reason? so we don't think it happens in the investable future. at least right now >> see you after the bell. >> one tiny issue with your idea these are founder control

look out for amazon as far as the major logistics provider >> victor anthony of aegis capital. thank you. >> thank you >>> let's get to the action in the bond market today. rick santelli is tracking that at the cme >> hi, kelly two-day charts you see the big drop yesterday right at 8:30 eastern. at that time we were getting the durable goods headline also mario draghi. everything is pretty much the same pattern however, let's look at minus bund in mid-may. that's a good thing. let's out run. maybe we can out run the bad policy the questionable policy because as you look at the euro versus the dollar, the lowest level since may of 2017. maybe they are in thmanipulating their currency kelly, back to you. >> rick, thank you very much >>> coming up, beyond meat versus bitcoin and pet power and lean hog getting leaner that is in today's tasting menu. today's power house is 58,000 square feet. actual 2 karat gold covered front door we will take a look inside and check e icpot xtthpre inne every day, visionaries are creating the future. so, every day, we put our latest technology and

maybe we won't jeff bezos founded amazon 25 years ago today. mind-boggling numbers how much money he's made is in then when "power lunch" returns. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. >>> jeff bezos founded amazon 25 years ago today. he has become the world's richest person in that time. that's a big perspective you have >> 25 years. i'm the richest person in the world that would being a great jeff bezos found amazon.com july 5th, 1994. 25 years ago today since then the company has broken many records. turned bezos into the richest person on the planet forbes said he and his family is worth $159 billion he did not make that money evenly across the 25 years but for some sense of scale consider what it means if you broke down into smaller increm

were never intended to become what they have become, which is $15 trillion worth of assets it's like amazon was never intended to become what it became in a way, right what do you mean >> it was a fluke politically. you know, the legislation here wasn't because some member of congress said why don't we set up this great retirement plan to help people save for retirement. it was enacted for what were known as cash deferred employer funded profit sharing plans. that was the reason for it that legislation was passed in the fall of 1978 had a delayed effective date of january 1980 january '80 came, no one was running around the country setting up 401(k)s we didn't have financial advisers selling these because no one anticipated it being a big thing. it was in the fall of '80, you know, that i came up with the idea of throwing a matching employer contribution and an employee pre-tax contribution into this section of the code. and there wasn't anything there saying thou shalt not. so i chose to take the more aggressive interpretation, and ultimately, it got supported >> for better and for worse.

names overall have done so far year-to-date, facebook up, what, 47%, amazon up more than 25%, apple, 25%, netflix up 27% good evening is the laggard. but is there still room to run in some of these names that have performed so strongly in the first half >> yeah, as you mentioned, f.a.n.g. is up 27% year-to-date. so with that kind of gang, you tap the air brakes a little bit and do a check we do think the fundamentals are still very good. if you look at the rally we've seen, it's largely been in growth we're starting to see on our trading desk a shift back to value of sourcing, clients move back to value-earned names that will benefit someone like a google going forward, given the run we've had. but we continue to be really establish on facebook. it's the strongest roi we see in advertising right now. and we think they're capable of $10 of earnings power two years out. and to put a low-to-mid20 multiple on that and you have a 230 to $250 stock. so you still have a lot of room in facebook from our perspective. and again, some of the value names like expedia, google, even in midcap, go

that's a big part of why we're as positive on amazon as we are. a lot of those store closures are happening in apparel, department stores, and footwear. all areas that benefit stitchfix. so to the extent that you live in a part of the country and you're losing access to a lot of your apair options, stitchfix actually becomes pretty powerful we've also done a really good job recently of launching new products around men's and kids we're launching in the uk. and their algorithms, the underlying piece of it that makes sure you get what you want has also gotten better >> you mentioned amazon. how big of a deal will prime day be for the country next week >> it's a big deal from a marketing standpoint and a customer acquisition standpoint just to drive some attention in terms of numbers, it doesn't really -- one day is not going to make it or break it for amazon more importantly for us is the fact that they're putting $800 million into same-day delivery, which means you're going to be getting your products faster, it opens up a whole new part of the wal

. >>> several hundred climate change activists protested outside amazon's headquarters in paris. the protesters are reportedly upset with amazon, saying the company is representative of policies that exacerbate climate change and nasa conducting a full stress launch abort test for the orion capsules designed to carry astronauts to the moon the capsule was empty for morning demoe, which officials say appeared to be successful. nasa aims to put astronauts back on the moon by the year 2024 >>> you're up to date. that's the news update this hour i'll send it back downtown to you guys, morgan >> that's a big test that space industry was watching, orion, which is made by lockheed martin on behalf of nasa. it's going to be a big part of that push back to the moon for humans >> it's so exciting, it really is >>> when we return, just absurd! that's what tim cook's reaction to a report in the "wall street journal" over the reasons behind johnny ive's departure the editor in chief of the verge joins us next for his take >>> in the meantime, speaking of global markets, what should investors

shares of google, amazon, facebook are going to pivot around that over time. joining us with some insight on what this all means for facebook and the sector, is the former u.s. assistant attorney general in charge of antitrust and fobil bear thanks for your time i appreciate it. >> good morning, big news day. >> it's huge i'm wondering where you think the locust is of regulatory -- right now, lets just start with facebook. >> well, facebook, you know, it has resolved its ftc consumer protection privacy issues, but it's obviously in the cross hairs as a successful technology platform, and which may well have engaged in anticompetitive behavior that remains to be seen. there will be an investigation out of the ftc and some point down in the road we'll get an indication about what's going on. >> bill, what happens if facebook -- i should say when facebook messes up again just this week in the past couple of days we've had this news about facebook messenger for kids and how even though it was supposed to be private and controlled by parents, people were able to ge

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

shelton when we return, it's been a 25-year run since amazon was founded. what can we expect from the company's next quarter century we'll discuss. >>> good day, everyone i'm tyler mathisen in today for scott wapner on the "halftime report" today, are the bulls offside on the fed after today's solid jobs report? we'll discuss that one plus, we will debate a serious warning from one top wall street firm, advising investors to get on the sidelines quickly we'll tell you who it is and why they think that. and where the investment committee hit and missed in the last three months. we've got the quarterly report it is all ahead today at noon eastern on the "halftime report." deirdre? >> tyler, looking forward to it! now, today is a birthday for amazon, turning 25 it was on this day back in 1994 that jeff bezos filed the paperwork to create what was originally called cadabra. now it's a household name, amazon the next quarter century, though, is likely to look a little different today today the uk's competition regulator says it is reviewing amazon's recent inves

amazon embraced her message of self-acceptance and of course this is a push by amazon to push further into cosmetics challenging alta and sephora. >> i don't know anythingabout makeup. >> what? you wear it every day. sure you do. >> try not to wear -- >> everybody wears makeup. >> i need as much help as i can get. >> really? its he hard to reveal the top states for business in the top of the hour. with a rundown of all of the diabolical hints we've had here's a look at yesterday's s& 500. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> welcome back you're watching "squawk box" live from the nasdaq market site in times square. >>> good morning u.s. equities futures at this hour down 72 on the dow. those are some of the worst levels we've seen since we came in anyway this morning the s&p indicated down about 10.

>> have you ever tried to download a show on amazon prime, vs. netflix. we wouldn't have enough time relative to the second it takes on netflix technology is hard and netflix, that's all they do i think there is something to be said for the only thing netflix does is streaming video. all the other companies we can talk about they do many other things. i think that's a distraction or makes it hard to focus purely on streaming. look, it certainly argues, you think about sun valley, it argues, all of these companies need to get bigger i heard david on here yesterday, you asked him if he was for sale he said no way discovery is for sale. there may not be a buyer because companies like comcast and disney and via com, cbs haven't merged yet there will be consolidation. >> i was thinking 16 billion or so that's a big number. you'd have to take 30, wouldn't you? >> comcast is a pretty big company. disney is a big company, via koym and cbs. >> wouldn't you have to take 35 oring? >> the headwinds are not going o'way, i call the next five years the let in flicks era

amazon has created this event. macy's played, nordstrom's played already, walmart and target will be huge players. all across the board, people say now i've got to have real product for july it can't just be clearance i'm going to compete i'm going to kick off back to school, and i'm going to do some business against amazon. everybody still loses market share to amazon at walmart and target because that's where the business goes, but everybody plays the game. >> is this new money that's being spent or are we just pulling forward money that would otherwise be spent >> are you always going to buy that go pro either way >> i was eventually going to -- i wanted to buy this go pro. right, if i'm the example, it's pulling it forward at a cheaper price. i would have probably gotten this go pro sometime in the fall, maybe for the holidays for the kids or whatever it is but now the go pro's on sale, and i want it. >> that's a fair point as to whether there's a potential kind of pull forward impact there is, but i think when

amazon's prime event we don't know how the full thing wrapped up it was the longest by 12 hours amazon has told us so far that worldwide sellers, predominantly small and medium sized businesses saw the biggest 24 hours sale day in amazon's history. amazon's first 24 hours of prime day sales were 79% higher than last year according to e-receipts adobe analytics says they saw a 64% increase in sales versus an average monday in july compared to last year's 54% growth on prime day. even the niche retailers saw a 30% increase on online sales based on an analysis of pain views, the echo show 5, fire tv stick with alexa remote and kindle paper weight were the top sellers. it makes sense because those were drastically discounted on amazon's sales day events. walmart during prime day, the page views there indicat instapot, the apple watch 3, the vizio 54 inch 4k tv were the big sellers. when you have a big peak and a swell of packages coming through the system at the same time, deliveries could be slower >> you need to tell sorkin about the exchange we did. >> the shoe store. >> you know about

projects in manhattan and new york city, including the long island city development that would have housed amazon's second headquarters. look, there are a lot of good projects out there currently on the slate, but the reporting requirements that were in the original legislation were mysteriously taken out right before it passed so there will be no reporting requirements on what's being built, how it's improving employment in these areas or whether it's helping housing values or the lives of people in these distressed areas. >> stay right here let's bring in two guests to talk about opportunity zones joining us is operation hopes founder, chairman and ceo john hope bryant. he's also the founder of promise homes. and heritage foundation senior policy analyst joins us from washington john, you're here on set with us obviously you want to see a lot of this economic development, but are you concerned about the way it's being monitored >> i'm always concerned about washington, d.c. but look, as long as -- first of all, the issue about some of these projects are in neighborhoods that are aspiring. if you

why we didn't get amazon here. there were jobs lost there. >> that was -- as i've said a million times, i thought a terrible mistake and a political one but in a very different way than people think -- >> this is arizona and arizona, i don't think the governors of oregon or washington are going to -- are going to come down on the same side as arizona. >> so joe, andrew and becky, i would point out in one of the tweets in the string that governor ducey put out he did say that arizona and the city of goodyear, arizona, are well off enough without nike being there and that is one of the reasons why they're talking about taking some of the incentives and fee rebates away from that potential nike facility in goodyear, arizona. >> okay, dom, thanks. >> let's talk more about market and possible wild cards. joining us is david bianco from dws group. and tom tessorous from head of fixed income what do you see as far as the jobs numbers coming in and do we want a strong one or a weak one and are rates going lower? >> i don't

they can go on to a portal and amazon will match them up. once the buyer closes, amazon home services steps in with as much as $5,000 in services with things like painting, hanging your tv and installing devices >> there are so many ways you can get low quality internet leads out there that realogy and amazon are delivering high-quality leads >> the program launches in 15 major markets today including l.a l.a., san francisco, dallas and washington, d.c. >> short interest is very high red fin is down 1.6% is its business threatened by this partnership in your view? >> absolutely. it has become a very, very competitive market they have very high-tech a platforms. realogy needed to step up its game we did ask the ceo if they expect to see the properties listed on amazon, which i got to believe will happen. he said they hadn't discussed that yet >> diana, thanks >>> coming up, jeffery epstein's deep ties to wall street insiders check out futures at this hour looking at triple digits squawk box will be right back. moving is hard. no kidding. but