amazon is not far behind. thanks very much. more to come in a moment. qualcomm offers a downbeat sales forecast. details next. this is bloomberg. ♪ >> trade talks will resume in september after meetings in shanghai ended with no progress. the two sides discussed purchases of u.s. farm produce, ip rights and nontariff barriers. the white house said the talks were constructive and washington will host the next round. the people's daily newspaper rejected president trump's description of ripoff china. president trump tweeted that sharon powell has let the country down. he posted after the fed lowered by one quarter-point despite the president demanding a bigger cut. reduction is the first in more than a decade. there were two dissenters on the board. out against making any cuts. >> is intended to ensure against to help offset the effects these factors are having on the economy and to promote faster return of inflation on our 2% objective. >> a survey says u.s. hiring accelerated in july for a second month, undermining a strong job market that is driving

asked the governor how he planned to bring amazon and others to the state. income tax and a very low business taxes. we have a tax structure that is randomly to businesses. soundly managed. companies know that so they sort i look athan incentive packages that states have to offer. we certainly deal with companies in that way. we incentivize companies to come there. they look at workforce development and we have done a lot in our state to create workers for companies that are coming there. particularly tech companies and technology-based companies. our administration has done something called a future workforce initiative that is establishing the kinds of education curriculum and pathways that will create the workers for the future. a presence has there. what in the future do you think you can offer tech companies? you are obviously making the case here in san francisco this week to put a bet on tennessee. >> the biggest thing we can do is show to them our commitment for workforce. jobs requirelated a workforce of the future. they require an education system

in pink is apple, and orange amazon, and white soft. last year apple was in the $1 trillion market cap club all by itself. right now trying to get back up there and join microsoft. it will be interesting to see whether investors bid up the shares as the summer goes on. vonnie: abigail, thank you for that. the u.s. and china wrapped up a new round of trade talks in shanghai. the white house called the session projective -- the session productive. still with us, stephen blitz, ts lombard chief u.s. economist. how are you modeling it into your forecasts? steven: basically, we think there's obviously a lot of politics involved in this. there's a lot of midwestern farmers getting hurt by what's going on. i think it becomes kind of like an arms troops. i don't -- arms truce. i don't think they could possibly get to a full agreement. i think they recognize that. i always thought they would just do agreements in steps. let's agree on what we agree on, but we can't agree on, negotiate that, and have the existential threat of tariffs weighing on

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we've managed a series of all-time highs this year, with amazon and facebook and netflix, without apple hitting an all-time high. if you think of all of these bellwether stocks that have carried the market at various points, those still have some participation to do, some further highs to push to. david: whether it is apple or another stock, is the market prepared for a long, drawnout conflict with china? it's been a wild now, and it looks like it will go through the election. vincent: there are a sense that is earnings continue, we haven't seen it bleed into trade talks. of the fx in terms market, the stock market, is what will trump do after a 25 basis point fed cut? i would not be long anything going into the data friday. it would not surprise me whatsoever if he asked the treasury to be in the fx market. david: what would be the point of that? treasury officials don't have enough money to make a big difference. vincent: it is simply just to shake the tree. and central banks never really move the market, just a strange feeling i have that he may do something which no other president

all of it stored on amazon web services. a former amazon employee has been charged. but first to our top story, apple shares spiking after hours after reporting third-quarter results. revenue topped analyst estimates. apple saying it remains optimistic about potential sales of new iphone models set to hit the market in the fall. for more on apple earnings as they are unfolding, we are joined by max chafkin from bloomberg businessweek, and we also have the sin of this trust portfolio manager with as. walk me through this. iphone sales missed estimates, services missed estimates, the forecast beat. what about all of these other indicators? >> it is an interesting report. if you would have told me they would have missed on both services and iphone revenue, i would have said, they were not going to beat on top and bottom line. wearables was a big plus. they also used about $21 billion of cash on the quarter to repurchase shares and increase the dividend. they did some other things to kind of help along which initially you would have thought would have been a tough quarte

she was identified by amazon as one of its former cloud service employees. capital one says about six bit of were also implicated in the breach. chase has signed a five-year contract with a.i. marketing company which does machine learning to create customized ad campaigns and communication strategy. it follows a pilot program where j.p. morgan chase saw its click through rate on ads just 450% with the robots creative reading the way. global news, 24 hours a day, on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm su keenan. this is bloomberg. of play come across assets midday, getting into the japanese lunch break let us look at the global muck removers. we are down across equity markets -- global macro movers. down.ong is 1.5% yvonne is pointing down, every single stock is down here in hong kong. if you are hoping that it is bad weather that is delaying the release of gdp numbers, sorry to disappoint you, hong kong has said that that mother will not affect the release of gdp numbers. all of this co

she was identified by amazon as one of the former cloud service employees. capital one set about 6 million people in canada were also hit by the breach. you think a robot could convince you to sign up for a credit card? j.p. morgan chase does. it signed a five year contract with a company that uses machine learning to create ad campaigns and strategies. click through rates jump 450%. global news, 24 hours a day, on air, tictoc, and twitter. in more than 120 countries. this is bloomberg. ♪ to strugglentinues with the trump administration's component ban. the chairman spoke exclusively to bloomberg in shenzhen. the first ever television interview for him. >> we don't know when the u.s. will make the decision on android and when it will come. make preparations for our products. we will evaluate our strategy for the overseas market. developthe ability to our own operating system and ecosystem to become the basis for our services to the customers. >> give us a sense of how fundamentally you have had to change your supply chains. have you completed those changes

google is ramping up its effort in the cloud in a bid to catch up with amazon and microsoft. it unveiled a partnership with a software maker. it will help customers who want to move the work from corporate servers to google's clouded. those are the top global tech stories we are watching. paul: thanks. asle surged after the bell the revenue forecast for the court quarter beat estimates. john has been going over the numbers and listening to the call. what are the key takeaways? what has tim cook been saying? john: number one on my list is china where apple booked a much better than expected quarter. sales were down 4%, but this compares with high double-digit declines in the last two quarters. in my view, we are seeing improvement in a key region that accounts for about 20% of sales. i would say this -- iphone sales were little bit weak, but if you look at all other products, not iphone sales including services, they were up much higher than people expected. up 17% year on year, according to the company. they are doing well across the board which to me tells me they are gettin

all of the data that was hacked was stored on a server they rented from amazon web services. so what will be interesting to slows down adoption in terms of cloud technology in banking, if this is something regulators decide to take up. it will be something that we are keep an eye on. jon: just to follow-up on that, are you hearing that in your own conversations with other players in the financial community, about whether they would take a pause on any of the cloud transition because of his high-profile example we are talking about today? jenny: we have already had some banks who have been reticent. ,ank of america has been public that they are not huge fans of the public cloud, that they prefer a private cloud strategy. it will be interesting in that is what we see more banks going toward. capital one has been vocal about being on the public cloud, thinking that technology will cost, helpave on them move faster into this digital banking world. it will be interesting to see if other banks take this as a cloud -- sign that the public cloud is to public, but there is also the pu

stored onad been servers rented from amazon. capital one says it is unlikely any of the data was used for fraud. that is your business flash update. a quick check on u.s. markets. two hours into the u.s. trading s&p stillow is lower, off 3/10 of 1%, nasdaq leading the losses. slowing sales into the full year, given some of the trade tensions with china. -- the vix, ithat call that unchanged. i will call this lower, weaker, but not panicky. guy: europe looks a little worse. it certainly does on the continent. the dax down 2.1%. there are individual stock stories in their hurting the dax. downsideding sharply -- that is the monsanto roundup story. more gloom out of the aviation sector. the london market only down four of 1%, but, -- 4/10 the pound is kind of rescuing the british stock market. ♪ guy: 30 seconds to go until the end of regular trading in europe. a bright red trading story on the continent. mib down.ftse nordic markets down. the london market faring better. let me show you why. the reason is the british pound contin

a former amazon employee has been charged. the data had been stored on servers from amazon's cloud services unit. capital one says it is unlikely that any of the data was used for fraud. a warning from bayer. the german company says that reaching the full-year forecast looks increasingly ambitious. bad is threatening the -- weather is threatening the performance of the agricultural division. there is a number of plaintiffs in the weedkiller lawsuit. and steps to move past a scandal. the swiss asset manager has named a blackrock veteran as its new ceo. its staro it suspended bontrager and dismissed them for what he called gross that's what it called gross misconduct -- for what it called gross misconduct. that is your "business flash." guy: thank you very much indeed. mexico's president lopez obrador says that rates in his country are too high. he spoke exclusively to john mickelthwait in mexico city on monday. pres. lopez obrador: one thing is what is to be decided and another is what is possible. i would like the central bank

a former amazon employee has been charged. servers rented from amazon's cloud services unit stored the data. capital one says it is unlikely any of the data was used for fraud. i'm viviana hurtado. that is your blumberg business flash. alix: feeling better about -- your bloomberg business flash. alix: i'm feeling better about that. time now for wall street beat. first up, citi cutting hundreds of jobs this year. analysts say it won't be the first. then, a new ceo moving past a scandal that triggered an exit us of investor cash last year. and jp morgan is gearing up to take on the world's largest bank, china's biggest lender, icbc. david: joining us now is so and basak. -- is sonali think one of the things that is disappointing about this is this bank is not coming from a position of weakness like a lot of the european banks. people didn't know there would be some changes on wall street. david: isn't that the time to make the cuts, before you are actually in trouble? a lot of it is from equity trading. alix: and when deutsche b

a former amazon employee was charged. capital one says it is unlikely the data was used for fraud. ,hares of -- plunging announcing a plan to sell more than 3 million shares. just three months ago, beyond meat went public in the stock has soared almost 800%. in dubai have imposed their largest fine ever. the collapsed firm will have to pay $350 million, after being accused of wrongdoing including an -- this using investors money -- misusing investors money. there could be conspiracy charges in the u.s. scarlet: when it comes to corporate earnings, bp has blocked the trend, posting net income of more than 2.8 billion dollars, above the highest estimates. anna edwards sat down with bob dudley. bob: how to good quarter. our -- weref running and we also paid off our gulf of mexico sediment. -- settlement. capex, 16 billion to $17 billion, what is the risk to that number? what would make a change to capex? bob: we are right in the range of that. i think by the end of the year we will be bang on the end of the range we set. we are on track for that. anna: let me talk about the price of o

are in changing and the structural disinflationary influence of technology, not only because of the amazon effect, overall we have structural disinflationary pressures and qe has completely changed the game. the mindset of central banks needs to be overhauled. that is what i will say about the ecb and it applies to most of the major central banks around the world. however, the eurozone still has a growing population at the moment. there are less of those constraints there. the boj and ecb are pretty much identical balance sheet sizes. $5.3 trillion. versus $3.8 trillion for the fed. the euro zone an economy twice as large as japan. japan is the one who has way too much liquidity in the system. europe is theoretically not pushed to the end of the strain yet. in years ahead, it might go that way, but not quite yet. anna: let me ask you about what is going on in the pound. what is the lens you are looking at this through right now? seems that we are getting further away from any venue, any meeting point, physical meeting point of european leaders. without something like that on the radar, the

maisel" on amazon prime we'll be right back with more "tonight show," everybody. [ cheers and applause ♪ everybody has a great story to tell, and our job as producers is to help pull myat story out. ame is taylor, and i am a producer for tv and podcasts. the whole prode tion is on my surfacptop. it's very powerful, and just speeds up your whole day. i always have at least 4 or 5 programs open on my computer. i do need yw be able to work everre. 16+ hour days are pretty common, so i need a long battery life. it feels weird to be on this side of the camera for sure. [laughs] ♪ how do you like it, ♪ how do you like it ♪ ♪ more, more, more ♪ how do you like it, how do you like it ♪ all you can eat is back. how do you like that? applebee's. now that's eatin' good in the neighborhood. the hazelnut spread m&m'sve all been wspokescandy! (clapping) (audience gasps) oh my what did you do?? (giggles) we ate him. my car insurance, so i only pay for what i nes . and this i now! any physical changes to this man's appearance are purely coincidental. only pay for what you need. ♪ liber

i pull up my amazon request, what does it request? onof those swatters. >> no. >> yes. >> it happens. g 've all had it. >> we're all havinird experiences of, how did siri and alexa and facebook and all tse know? >> the robots are slowly taking over. >> it does seem that way. >>> we've got some more heat and some more potential storms? >> yeah, and you know what, tomorrow it's just going to be hotand humid out there. and it's going to be the worst day outwef the as far as the heat and humity go. in addition to that, some showers and thunderstorms are possible later in the day tomorrow with the best chance coming oowwednesday. nheck this out. today included, we have hit 90 degrees or higher for 34 days. the average for the entire year for us is 36 days at 90 or higher. we're going to get there by wednesday. and i was looking at the numbers with joseph martinez, our meteorologist on telemundo. we were saying, okay, august. how many 90-degree days can we anticipate? about 10. so we're running well above normal as far as the 90s go, lthkin

we note in the story that his predecessor and coo, came from amazon, didn't last three years. there are questions about whether they could sustain somebody in that role. it may be telling that they don't plan to hire another coo. emily: lyft shares are down. what is the plan? mark: they will have to outline that. they probably won't have profit but they will have to disclose financials in a week and a half. the plan is they are still somewhat in growth mode, spending a lot this year, expanding throughout the u.s. where they have a huge presence. they have a couple of locations in canada, but there's a big world out there to expand to. they haven't quite outlined how they are going to get to profit. emily: they did say this would be the year of spending. cooper is laying off people in the marketing department. mark: they are cutting the marketing department by one-th ird globally. emily: if those are what they call extraneous people, that's a lot of people. mark: they put out something that talks about how they saw the company had been slowing down, too many people overlapping

the s&p 500 and nasdaq falling and amazon and facebook lost ground and that dampen the sentiment. yields falling again for the second consecutive session. headed to the decision with the fed perhaps cutting rates this week. toare also looking forward the u.s. china trade negotiations starting this week. u.s. future is up 1/10 of 1% at the moment. let's see how we are setting up in asia. conviction int of the market open. andzealand and australia trading is going sideways. australia will be interesting to watch today. futures pointing higher by one half of 1% and it looks like the asx will hit an all-time high. the kospi future is high in quarter 1%. a big day in japan. job figures for june and the boj meeting. we will have much more on that in a moment. right now, the first word news. >> trump is back on the offensive ahead of the fed the bank willg probably do very little to counteract rate cuts in china. he says the wage cut is not enough. the fmoc is widely expected to lower rates. president said the fed made all the wrong moves, but we will win anyway. leaders in hong kong hav

other tech heavyweights weighing on the market, amazon, netflix, facebook dragging the benchmarks. also the 10 year yield falling for a second consecutive session ahead of the fomc meeting. focused on the resumption of trade talks between the u.s. and china. in the meantime we have futures unchanged in early trade. let's see how asia is shaping up, paul. paul: new zealand has begun ,rading on this tuesday morning , mixed picture for futures futures traded out of chicago for the nikkei currently looking kind of flat. a different story for so, up .25%. a big day in terms of news out of japan, a big earnings week with jobs figures expected to hold steady. the big one, the bank of japan meeting. in sydney, meanwhile, currently trading higher by .5% on the futures market. closing just shy of a record on monday. let's get the first word news. >> trade talks resume later tuesday after a two-month pause with little expectation of anything other than a framework for further negotiations. the two sides are holding their first face-to-face meeting since may but key differences remain and neit

. >> amazon has also come under fire. they rethaled that sand of employees listen to alexa recordings in order to understand alexa's human eespc your data will be deleted, they say. "news 4 hat 5:00" starts right now. >> hi, everybody, first up at 5:00 tonight, a new racially charged controversy for president hrump. i'm jndley. >> i'm pat lawson muse. today the president expanding his attacks on prominent black leaders after a weekend of tweets aimed at baltimore and its congressman elijah cummings. >> those comments coming in a flurry of tweets in which he calledcummings' district disgusting and ss edayaanvernoraid st enenroough dis enofeugh.t-in >> people are jtd of nonsense. why the are we not focused on solving the problems and getting to work instead of who is tweeting what and who is calling of names? w reporwhteor: tonigh shatrotn reaction from baltimore residents as their city becomes the center of a national debate. news 4's derrick ward is live now in baltimore. what are folks there saying. >> well, you know, fo

amazon, facebook, netflix all falling more than 1%. 02%.lso see the dow up t not only do we have trade negotiations resuming, but the fed speaking this week. pivoting now to that crisis at the u.s. next order. the u.s. border patrol chief calling the supplemental spending a band-aid and cindy not enough, urging lawmakers to address the way the children and families are detained and process at the southern border. joining us is ken cuccinelli, citizenship and immigration's services acting director. there was a big supreme court win for the trump administration, ruling the president can obtain additional funds to do what he wants to do, build the wall, from within the administration. how much money are we talking, what percentage? of $2.5the order billion, which is significant for wall funding. that is more than congress provided last year, for instance, by itself, in that specific area. the president has fought all the way to the supreme court to use dod funds for construction. all of this is being done strategically. we are not building 2000 miles of barrier. we are building where peop

is down.and amazon alphabet cooling off after a huge last week. facebook also put up a good quarter. the stock has been down a bit after that record fine of $5 billion by the government. paypal down 3.5%. let's take a look at the intraday chart of the pound. we have the pound at session lows. down 1.3%. possibilitys of the of a no dear breck -- no deal frexit counts. brexit mounts. pretty fast. we will come back to that. we will talk u.k. politics in a few minutes time. we will dig deeper into what is happening with the pound. let's discuss what is happening with these markets, more broadly. let's start with equities. has it changed your narrative? >> i don't think it has. i think earning season has been mixed. you have had company's report disappointing outlooks. especially on the industrial and transportation side, which confirms this idea that your pmi indicesthe globa that the global economy is weakening. the leadership market remains narrow. broad markete underperforming. confidencet suggests in what we are going to see out of the fed or thes

. >> amazon's echo h come under fire, too. >> what's the weather in seattle? >> this year, amazon disclosing thousands of employees listen to alexa recordings in order to improve alexa's understanding of human speech. the privacy concerns are expected to grow as smart eakers become more popular, by 2023, an estimated half a billion smart speakers will be up andnn ruing. for today, jo ling kent, nbc news. >> you talk about it, one of those things that is always on it doesn't even matter. >> i have seen it happen where sometimes it thinks you have watch,e key word, on my i'll see the words i have just spoken as if they're gog to go . >> that's kind of scary. >> yeah, it happens. >> it's to the point where we use itmi lessly. we walk in the room, what's the weather going to be. i heard my daughter doing her homework, okay, google, what's 7 plus we should probably turn it off for a white. >> sera, are you listening to us? >> that's something i don't know. >> ay. maybe not. >> that was a little vague. >> you ready f a morning boost? this is a good on we're talking

if you have more delivery routes can begraphic scale you out amazon it over. they do not have a lot of overlap. takeaway was in the u k before. they sold their assets because they cannot find a path to growth. is this going to be a solution? i don't know. alix: there are no margins in this game. it is all about scale. if you cannot get the numbers, how do you make money? brooke: that is a great question and the price is not out of this world. uber eats is a big player in the u.k., i do not know if we have seen the end of the story. alix: let's go to mylan and pfizer. pfizer merging its generic business with mylan. my question is who else needs to merge? brooke: this is a unique situation. it reminds me -- remember pfizer trying to buy allergan and they were going to do a similar deal and merge to the higher growth assets, and then you have the lower growth generic asset. this is a win-win situation for both of the players. i do not know if you have that exact dynamic any world but it is a great deal for pfizer. they get a load of the new company with debt, and

also the structural disinflation issues, that is technology and demographics, not just the amazon effect, but also the fact that the extraction transportation and distribution of commodities is getting cheaper. i'm not worried about consumer price inflation. we know if we continue to devalue currencies and pump it in, they become more valuable than fiat currencies. that is different from real economy inflation. i have zero concerns about real economy inflation at the moment. a lot being written over the recent weeks. let's ask you about what's going on closer to where i am. we see some weakness coming through in the u.k. currencies today. the pound is weaker. one of the things we need to look out for heading into the summit, but also september, the end of october, what is the market focused on? the one advantage is all the negatives are well known. they are all long-term things. we did get those comments over the weekend michael gove singh brexit is becoming the base case. it is definitely not priced in the market. it may seem like it is priced, but this is a currency backed by very low

. >> whether it's amazon or apple or google, they are all buildin a big surveillance economy that makes its money watching you and me. >> reporter: as we reported, much like alexa and google's assistant, siri records you as so. as you have activated h >> hey, siri, what's the weather? >> reporter: activation happens by accident attinconvenient s. >> i found something. >> it is rare you are heckled by your own mobile phone. >> reporter: a whistleblower tells theap guardian new when computers can't understand apple's human contractors take overnd can wiend up hearing drug deals, confidentialedical conversations and couples having sex. a spokesperson says a small portion of requests are analyzed to improve siri and dictation. >> the business model isn't to use humans to listen to you. it is to use computers to learn as much about yourit habs as possible. >> reporter: betterearn your habits because it is better for busiss. >> the question of whether they are listening to you, recording you, that's secondary in my mind to the larger issue which is that there are surveillance systems built to

that really advantages someone like amazon. we always see them increase their share later in the season as consumers don't have the same confidence in getting no deliveries on time with other retailers, but they do with amazon. the compressed season will really be to amazon's advantage. that is another element to upside in q4. emily: coming up, tech giants visit the white house. the trump administration hosted some of the biggest tech companies to talk about the fallout from the trade war and the ban on huawei. and if you like bloomberg news, check us out on the radio, listen on the bloomberg app, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: white house officials are sending a delegation to china next week led by u.s. trade representative robert lighthizer. this is after a high-level meeting with the trump administration and ceo's from google, broadcom, cisco, intel, and qualcomm. the meeting was geared towards easing a ban on sales to china's huawei. i spoke to a representative from arizona's seventh district. >

amazon, alphabet, and facebook all release second-quarter report cards. we will break down the results. and facebook results are overshadowed by a new antitrust investigation opened into the company's social media ads and mobile business. this after the social network pays a record $5 billion fine to

what are the takeaways from this amazon result? >> spending is back at amazon. they told us last quarter they will be spending some $800 million on trying to turn their two-day delivery pledge into a one-day delivery pledge. that has been more expensive than they thought it was going to be, and it indicated to investors it is going to continue at least for the next two quarters, rolling it out in the u.s. and internationally to try to increase the speed of delivery and integrate growth in the core retail business. vonnie: t-mobile has won the u.s. nod for the sprint sale, merger included. this is exactly what we were expected. does this mean that the two companies can go ahead with the deal? >> pretty much. they still have some stakes they need to be in front of and make sure they get aboard, but yes, it is a momentous occasion for the two companies, and this has been five years in the making. marcelo: it will be -- i call it a very strong race to see who can provide the best 5g. we feel very confident combined we are going to be able to do that, because the spr

that disadvantages amazon. their shareases later in the season as consumers don't have confidence of getting there products on time like they do with amazon. that compressed season will be to amazon's advantage. was an analyst for the marketer. a tech giant visits the white house, the white house host the biggest tech companies to talk about fallout from the trade war with china and the ban on while -- huawei. this is bloomberg. ♪ emily: white house officials said they would send a delegation to china read by robert lighthizer after a high-level meeting in washington between the trump administration and ceos from google, broadcom, intel and qualcomm. the meeting was geared towards easing a ban on sales from china's huawei. >> i think this is a very dangerous meeting. huawei is not an independent actor. it is an arm of the chinese intelligence agency. us doing trust that business with them will not have negative consequences. i just read the washington post this past weekend and huawei was working with a shell

that really advantages someone like amazon. we always see amazon increase their share later in the season as consumers don't have the same confidence in getting their deliveries on-time with other retailers as they do with amazon. that season will really be to amazon's advantage. that is one upside to q4. an,ly: that was andrew lipsm analyst for emarket. coming up, we invite some of the biggest tech companies to talk about the fallout from the trade war and the ban on huawei. and if you like bloomberg, check us out online, on sirius xm. this is bloomberg. ♪ emily: white house officials said they would send a delegation to china next week led by robert , lighthizer. this is after a high-level meeting with the trump administration and ceos from google, brought come, cisco -- brough broadcom, cisco, intel, and qualcomm. it was geared towards easing a sales ban on huawei. i spoke to a representative from arizona's seventh district. >> while huawei is not an independent actor, it is an arm of the chinese government. you cannot tru

earnings from big tech -- amazon, alphabet and facebook all release second-quarter report cards, we break down the results. and facebook results were overshadowed by a new antitrust investigation opened into the companies social-media, add and mobile business. this after facebook paid a record $5 billion

that really advantages someone like amazon. we always see them increase their share later in the season as consumers don't have the same confidence as getting deliveries on-time. that season will really be to amazon's advantage. emily: that was an analyst for the marketer -- for emarketer. analysts visit the white house. of the biggeste tech companies to talk about the fallout from the trade war and the ban on huawei. and if you like bloomberg, check us out online, on sirius xm. this is bloomberg. ♪ emily: white house officials are sending a delegation to china led by robert lighthizer. this is after a high-level meeting with the trump administration and ceos from google broadcom, cisco, intel, and qualcomm. it was geared towards easing a sales and on -- ban on huawei. i spoke to a representative from arizona's seventh district. iswhile way is not -- huawei not an independent actor, it is an arm of the chinese government. we cannot trust it will not have negative consequences. huawei was working with a shell company in north

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and the documentary "chasing happiness" is on amazon prime video. we're doing something fun with the jonas brothers when we come back stick around, everybody. it's going to be good. [ cheers and applause ♪ ♪ the whole world's gone crazy about food but let's not forget the best thing of all taste us at hellman's taste is everything and we believe great taste starts with great ingredients like cage free eggs and sustainable tomatoes because at hellman's we're on the side of food. at t-mobile, for $40/line for four lines, it's all included for the whole family, starting with unlimited data. use as much as you want, when you want. and if you like netflix, it's included on us. plus no surprises on your bill. taxes and fe are included. and now for a limited time, with each new line, get one of our latest smartphones included. that's right, only $40/line for four lines and smartphones are included for the whole family. who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedi

amazon was an interesting story. they had a big earnings miss, but it was in an amazon typical way. they developed a more robust one-day delivery operation, and that's the type of thing amazon investors in the past sort of embraced, even though it caused a hit in the short-term. i think the semiconductor stocks are a major story this week. we saw texas instruments, semiconductors are a weak spot. texas instruments coming out and saying this is just a typical chip cycle that lasts about five quarters of weakness. they see about three quarters of that. the semiconductor index rising to a record. this is just another boom and bust cycle in the chip industry. >> next week we've got apple, more chips. what are you watching? >> next week is a major week for semiconductor earnings. qualcomm, there are 10 members of the semiconductor index, about one third of the index next week. while the results are better than expected, they are down a lot. beating estimates by 14%. there doesn't seem to be a huge concern about the trade war yet. there are still semi-socks -- semi stocks to report next w

they say they will continue to improve topline growth and delivery. >> spending is back at amazon. they told us they will spend some $800 million on trying to today delivered pledge into a one-day delivery pledge and it is going to continue at least for the next and to try to increase the speed of delivery in the core retail business. u.s.mobile has won the approval of the merger with sprint. does it mean they can go ahead with the deal? >> pretty much. they still have some steaks they ,eed to be in front of, but yes it is a momentous occasion for the two country -- two companies five years in the making. >> we see who can provide the best 5g. we feel very confident combined we will be able to do that , it is sprint spectrum called the mid-band combined with t-mobile gives us the ability to build an advanced network, so there will be some great competition and i think the big beneficiary of this will be the american consumer with more choices and better prices. >> u.s. growth slowing in the first quarter, but not much as analysts expected including pushing gdp growth to -- >> busin

amazon missed earnings expectations. amazon missed the consensus were like eight or nine straight quarters, it went through the moon. amazon is on an island. presidentgoing to trump, who is speaking at the white house. american wines: are great. thingidn't do the right when they start taxing our companies. we tax our companies. him, i said don't do it. we are working on that right now. i just spoke to him. i have a good relationship. they shouldn't have done this. they are used to taking advantage of the united states. donek at deals that were with other presidents in this country, and it it's a disgrace countries have allowed this to happen. from $300 was making -- $500to $5 billion billion a year, now we are taking in billions of dollars from china, and it is all turning around. try -- i don't think personally china would sign a deal. would say let's wait, maybe trump would lose it. like the people who allow these deals to happen. i blame the united states for allowing that to happen. if iran wants to make a deal, i ca

substantial reciprocal action against france after the french taxingnt signed a law tech a, including amazon and google. for more on the story, let's welcome in technology reporter kurt wagner. trump has been very busy on twitter, talking about google potentially in bed with china, apple not being immune or getting any tariff waivers. but the moment france is potentially piling on the tech sector, that is when donald trump got very protective of these tech giants. little bit to be a concern here in silicon valley that what is happening in france could set a new standard for other countries in europe, and countries around the world. these are global companies. the more they have to do with individual tax rules, all of their different jurisdictions, it adds a lot of hurdles and red tape to jump through. we have already seen facebook talk about, if you break us up, you are paving the way for companies in china to come forward. i think there is a general sense right now of trying to protect u.s. tech companies, not necessarily from our own regulators, but definitely from abroad. vonnie: twitter

not as much for amazon. amazon is the odd stock out. it is down 1.4%. they missed estimates. that has to do with rising costs associated with one-day shipping. twitter up 8.9%, almost 9%. it is a big beat for profits and leading sales. they had 5 million users. investors liking this. starbucks up 7%. they beat all the metrics. in china, investors awarding the shares. everyone is waiting for the fed decision on wednesday. into the fomc policy decision, we see a lack of movement for the 10 year yield. we have the 10 year yield higher . that tells us haven bonds are trading lower on the week. they have been trading down three out of the last four weeks as yields are creeping higher, suggesting the rate cuts investors and traders are expecting on wednesday could already be priced in. it could have something to do with gdp numbers coming in higher than expected. coming up, gdp numbers show the economy continue to grow but at a slower pace. what does the state of the economy mean for democrats seeking the presidency? we asked her political roundtable, next. this is bloomberg. ♪ d

twitter added 5 million users, but amazon, not so much. costsprofits missed on associated with one-day shipping. and we have been tracking the 10 year bund. the 10 day chart, down most of these days. losing six basis point. moving up yesterday on the less dovish tone than expected, but today we have german bunds rallying once again with the yield near record lows. guy? guy: this week has been fascinating if you are a bund watcher. btp's as well, a 20 point range yesterday. past the hour. larry kudlow has been speaking over the past few minutes and moving markets. couple of comments driving the market moves. the first one is that he is saying that the white house rules out any form of currency intervention. we are seeing, as you can see, a tick up in the bloomberg dollar index, and running over just a touch. there has been some speculation that sits side-by-side with the president the text that presidents attacks on jerome powell, that this is a lever that the president would pull. he has made comments about other countries come in his mind

alix: we have twitter, google, amazon. to me, one of the biggest takeaways is these guys are going to keep spending money. it depends if you want to pay out for that are not. evan: that's right. it's hard to find growth in this market, especially within economy that is only so-so. these companies will keep spending. there will continue to be flows into these companies until something breaks. we are keeping a close eye on some of the doj and regulatory stories happening, but those are over a very long timeframe, such that we think these companies in the meantime can still do quite well. david: i thought that the earnings report from amazon was basically jeff saying, trust me. bezos saying,eff trust me. paul: there's no ceo who is established more trust with the market place than jeff bezos. for more than a decade, he's said we are going to spend money to make money. we are going to make profits in the future. don't worry about it. that's really going to drive our topline growth, and we will turn on the profits later. of cou