the details and what it means for its chances against amazon when we continue after this. hi walter. join us for a walk? i'd love to, but my legs and feet are so tired and achy. walter, you need revitive ! it's the circulation booster! it really got me moving. i use my revitive every day! to relieve my aching legs and feet. it's so easy.... drug free.... and its electrical muscle stimulation really improves the circulation in my legs. i'm back walking this guy everywhere. check it out online. revitive ... fda cleared... clinically tested. only revitive relieves aches and pains, increases oxygen rich blood, and strengthens leg muscles. we've gotta do this. don't suffer any longer! order revitive medic with a 60 day money back guarantee. with free shipping and free returns. someone got revitive. order now and we'll send you our most popular treatment boosting accessories. a $50 value absolutely free! go to revitive.com or call... get moving today! >>> welcome back now, based on stock price, walmart's 2016 purchase of jet.com seems to be paying af. however, in an in depth rep

as opposed to offering a one-time toaster >> if we're now analogizing if that's a word. >> it is >> amazon prime, costco gold, and spotify to a toaster what, does that tell us about those businesses >> or our consumption. you open a bank account and you fall asleep. you never leave. >> unless they charge me a fee >> even if they charge you a fee, when was the last time you changed banks? >> the reason why is because i've always found the situation that i paid the least amount of fees on or zero fees no matter how much i have to transfer. >> do you bank-hop that much >> i don't bank-hop. i always find a product within my banking organization that allows me to have a fee-free situation. >> i had to change upon marriage and let me tell you, it took a lot of in-person long, drawn out. good luck. >> i hoped he was worth it [ laughter ] >> my wife and i both have separate >> so do we. >> separate banks. >>> topic for you. here's a new school. bitcoin has rebounded big time this year. and a new study shows just how energy intensive the crypto currency can be. cambridge researchers shows us that t

amazon hits the right note and american eagle jumps on the cbd bandwagon. that's all ahead in rapid fire advanced safety technology on a full line of vehicles. now, at the lexus golden opportunity sales event. lease the 2019 es 350 for $379 a month, for 36 months, and we'll make your first month's payment. experience amazing. - my degree from snhu has helped me tremendously. (gentle music) the flexible class schedules allow me to go to work full-time, run my catering business and be a mom and parent. when i reached this accomplishment, it was like, it's here, it's happening, it's now. souwe, atern new hampshire university, are the ones who succeed. we are the ones who break through. >>> welcome back let's catch you up on a few stories that should be on your radar today. it's rapid fire. here with their takes are leslie picker bill, you're supposed to be in that chair today >> that chair? >> youwant to switch >> no, i'm -- no, no, wait i'm hooked up to the chair can't do that. >> i was going to say. i know our director can handle it alan can handle anything

multiple aggregators in streams of video games microsoft has talked about with google and we'll see amazon get into the space as well there's multiple different ways to play it as we move from physical to full game downloads, partway through as of now to eventually streaming. >> manufacturers adderall, people talk about drugs in sports, drugs in e sports, adderall is a big big deal right now. >> absolutely. and these are kids, little kids. so you want to make sure they're very careful, no one's getting any extra edge or advantage. it could get really bad. >> we want to thank you both of you guys michael, russell, thank you. >>> a lot more on the exchange, the faa didn't understand the automated system at the root of that 737 max crash and that's just one of the revelations in a new "new york times" article the author of that piece is going to join us live. taking a swing at boeing on its earnings call. >>> and new presidential debates kicking off tomorrow with health care front and center. taking it on thehi cn. which candidate does big pharma actually want? >>> welcome back to the exchang

amazon a little smaller of a business but it's expected to grow faster because it's not as mature >> julia, what jumped out to you about facebook last night which, again, put up -- just showed the business continues to execute despite all the headwinds it's facing >> facebook growing as revenue faster than expected what i thought was so interesting, kelly, was during the earnings call last night there was a moment where the stock turned around. it had been higher and reversed and went into the red. that's when the cfo warned that they expect revenue to have a pronounced deceleration in the fourth quarter and going into 2020 and he said that's because of uncertainties around ad targeting. i do think facebook is not entirely out of the woods yet, and they don't entirely know how some of these changes in terms of a regulatory standpoint and in terms of consumer behavior around privacy are going to impact their ad business >> which raises the larger question, is their efficacy driven by the very practices that regulators are trying to crack down on? >> it's going to be a huge impact on t

que quieres vender de ahÍ comenzÓ abrir el negocio por ejemplo una plataforma en la cual vas solito amazon en su propio idioma y puedes investigar y navegar en la pÁgina a travÉs de la secciÓn de vendedores una vez que te registras la primera es vender y distribuir por tus cuenta, es decir, subes todo lo que quieres vender y segundo la otra opciÓn desde distribuir tu mandas el producto hacia un centro de describo y te apoyamos no solamente dentro de los estados unidos si no a nivel global al mismo tiempo te vamos asesorar a la hora de algÚn consumidor tenga pregunta o quejas de los productos nosotros te apoyamos. >> cosmÉticos en mejores empresas a nivel mundial me inspirÓ, como dijo nuestro experto de amazon tener un concepto de negocio y crear un producto porque vamos a entrar a una competencia pero con algo que es tuyo yo creÓ mill lÍnea maquillaje para la gente latina el quÍmico que necesitamos para estar en altas temperaturas entonces asÍ que anÁlisis te ves muy bien sÉ que rashel tiene preguntas. >> me encantarÍa que david me explicara que estÁ todo muy bien >>> creo q

authorities are saying that most recently, she worked at amazon web services and as they look into the allegations that she's the one who single-handedly ripped off all of this information, we will look at the credit card issuers elsewhere and see if there is any kind of possible, you know, halo effect, negative halo effect. not really here. we do have mastercard down three quarters of a percent. amex down half a percent. visa lower by 1%. >>> okay. so as we watch hour by hour, this does matter. now it's 23 hours away. we will finally find out just how much the federal reserve is set to cut rates. notice i didn't say whether. they are going to cut by a quarter point. that is what everybody thinks. one financial firm is already raising its outlook on stocks because it feels that this will be the catalyst for stocks. goldman sachs upping its 2019 year end price target for the s&p by 3% to 3,100. currently, we at the moment for the s&p are at 3,013 so we are really not too far off. goldman also set a 3,400 price target for the s&p for the end of 2020. that's another 10% rise from current

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

powering the gains today are robust earnings from tech titan alphabet owner google and titanner but amazon is the one tech giant that is lagging today and we'll discuss more later on in the program with our all-star tech panel so let's check stocks for the week. the nasdac winning the race as you see it there, followed up by the s&p 500 and investors, well speaking of earnings, devouring mcdonald's today pushing the stock up to a new record high. the fast food giants reported a same-store sales number that beat for its recent quarter by checking more diners with upgraded stores and new promotions as well and also hitting a record high today, starbucks, yes, the stock getting a caffeine buzz as the third quarter results beat in the biggest same-store sales growth in three years. the food and beverage chain also raising its fiscal 2019 profit forecast, as an employee anded lineup of offerings boost the gains of foot traffic in the u.s. and also in china. but let's get to t-mobile and sprint both stocks hitting new highs on the news, finally, the doj, the department of justice, has approved t

amazon just became one of president trump's targets moments ago. he took aim at america's biggest online shopping company. the stock is down about three quarters of a percent right now. when he was sitting there with the prime minister of the netherlands, the president targeted amazon's bid for cloud contract with the pentagon, saying it wasn't a competitive bid and that other companies like microsoft and oracle are complaining about it. he says quote, he's taking a strong look at it but no mention of the stalled trade talks with china or the slowing global economy. those issues remain among the top reasons for the federal reserve's recent dovishness. should they or shouldn't they cut rates two weeks from today and by how much? federal reserve vice chair richard clarida is here in a fox business exclusive. we will ask him all the important questions that could definitely move the markets. >>> plus, senator bernie sanders rolls out his $40 trillion plan to fix health care but senator lamar alexander, the republican chairman of senate health committe

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

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

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

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

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

it's oil, nat gas, amazon, right, cheaper products, you know, robots. so there's a lot of forces in the u.s. economy and we know that the trade fight is tamping down business investment. i don't see weakening the dollar improving business investment. i think the fear is that you raise rates, to dagen's point, you will have more long-term capital management. neil: it will continue the froth. >> i think you're right. >> that trade fight probably has a lot to do with what will be happening today and what will continue to happen. all the indications we have from the talks in shanghai is everybody expected, is we are really going nowhere fast. i don't think anybody expects us to be going anywhere fast. neil: the longer this is unresolved, the more rates would probably come down. >> but i think there's motivation on both sides. everybody keeps talking about how china's trying to put this off until after the election. i have been seeing, i keep getting indications from the president himself in his tweets and comments that he's maybe motivated to do the same, t

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

plus - free amazon returns now at all kohl's stores! this weekend... at kohl's. ( ♪ ) only tylenol® rapid release gels have laser drilled holes. they release medicine fast, for fast pain relief. tylenol®. for fast pain relief. stimulant laxatives forcefully stimulate i switched to miralax for my constipation. the nerves in your colon. miralax works with the water in your body to unblock your system naturally. and it doesn't cause bloating, cramping, gas, or sudden urgency. miralax. look for the pink cap. ♪ there's no wifi out here but you'll find an better connection. liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ you wouldn't accept from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills onl

she used to work for amazon web services. a tipster eventually contacted capital one, said you know there's someone on the internet right now that's bragging they have done this. turned it over to the fbi. the fbi was able to very quickly find the suspect's address. boom. there you have it. she's now facing charges of computer fraud and abuse and could spend five years in prison. stuart: i don't think the security of the cloud is at stake here. ashley: no. stuart: what's at stake is your employees. ashley: yes. stuart: if you've got one disgruntled employee who is doing this for whatever reason, look at the damage. 106 million people. susan: they put a number to it already, capital one says it will cost $100 million to $150 million in terms of cost. compare that to equifax, over $500 million. much broader, by the way, number of customers impacted there. stuart: okay. >> 200 years ago -- they took down one employee took down a 200-year-old bank. stuart: how do you find the bad apple before you put them to work? the ten-year tr

amazon, walmart, target, ikea and bed bath & beyond are accused of infringing of patents related to a specific time of l.e.d. light bulb made to look like a vintage-style edison bulb. the suit doesn't specify damages and royalties the universities may seek. acoo pt co rmour mind. no typing needed. oh thaphenomenal!, that's unfair. that's so unfair. c'mon jay-bo. let's go. let'♪ go. woahh!4. try my $4.99 barbeque bacon double cheeseburger combo. >>> is sonoma county sheriff's office released body cam video showing a man accused of an lsd fueled rampage on july 4th. that home security camera shows the 32-year-old talking to a security guard. police say he stabbed that guard with a metal outdoor light stick. he's also accusedounty sheriff' office's deputy shot him as he accelerated towards officers. >>> the search is on for three men accused of beating two senior sints in chinatown. police released the security camera footage. this was recorded on july 15th, the day of the attack. you can see three men a about the to cross the street at stock tan knee pacific right before the assault.

the amazon man did not want to pay.$15 minimum is only thing trump has done -- spent ane card entire three years talking rubbish about other people stealing the jobs and the money. host: are you on board with a wealth tax being proposed by senator warren? caller: absolutely right. the class is crushed. what is this wealth president trump is talking about for the middle class? nothing has changed. she isws exactly what talking about, not like everybody else. is talkings what she about. host: is she your candidate? caller: it is either warren or bernie. i have a feeling if warren runs against trump, warren has a better chance of winning because warren does not use the word socialism. the moment warrant -- sanders gets into the fray with trump, they are going to hammer that he is a socialist. warren has a better chance of winning over trump because she is a moderate. host: tim in north carolina, independent. are you considering voting for a democrat? caller: yes. republicans are terrible and democrats are slow thinkers. i am independent. have ptsd from trump winning. joe biden, we defin

do you think the government will be deciding any of those winners if they think about breaking off amazon web services or anything? >> i don't really worry about that i do think that the government will try to take a whack at everything here. it will be part of everybody's political campaign we heard some of it -- although tech wasn't specifically mentioned last night with the democratic candidates, there seems to be sort of a lot of anguish toward anything that is large and growing. but we depend upon innovation as the backbone of this country and we also do see every enterprise becoming a software company and looking at how they improve their digital experience with customers we do truly have a global digital transformation under way. and there are many benefactors in the enterprise software space including companies that are critical to the long term viability of every enterprise which are the cloud vendors themselves microsoft, google and amazon >> having said that, it is not just the democrats, it is the republicans at this point too who are not thrilled with big companies on any lev

spoke just a few moments ago saying the focus is what will keep apple back compared to big tech like amazon. something to watch closely. >> quickly, do you know what some of the other products that have made up the other half of the revenue for apple were? >> you're talking about things like wearables, services, the idea of selling music on to your iphone, the idea that you're going to have your apple watch attached to your iphone. this is something, incremental improvements and the problem is unless they have a new game changer and create a new market, they're going to be held back into the future. >> i feel like it's apple's world and we're just living in it. >>> coming up, mike allen has a look at this morning's one big thing and coming up on ceremo"m joe," the face off between the 2020 hopefuls as the split takes center stage. >> "morning joe" will have several of last night's participants, including mayor pete buttigieg, amy closure, former congressman beto o'rourke. "morning joe" is moments away. re "morning joe" is moments away. you make time... when you can. but sometimes life gets

sure it is absurd to see you tax google apple facebook and amazon now we tax your wind is completely morani we tax the technology companies because they reap enormous profits in our country millions of billions of euros and there's no reason for them not to pay taxes why in exports are a completely different thing when you feel it is unclear how much the us tax on wind will actually cost the french economy if it ever came to that experts say it's mostly makers of cheaper wines that might feel the pinch as their bottles won't find buyers in the us asked for the country's best vintages they should be fine. the united states is the biggest export market for the french outside the e.u. but only in terms of nail you not volume that means the american strength french wine that is expensive and i'm sure an american who buys a bottle for $100.00 or $150.00 won't think twice before buying a bottle price at $180.00 or $200.00. for the others there's always a decent california fun delta toast with. and from wine to be here belgium is known as one of the world's biggest and best beer producers a

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 it stored on amazon web services. a former amazon employee has been charged. 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 from bloomberg businessweek, with me in the studio. walk me through this. iphone sales missed estimates, services missed estimates, the forecast beat. what about all of these other indicators? is an interesting report. i would have said there would be no way they would be 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 quarter for them, at least based on how they missed estimates on revenue and also services. we have the president warning that the trade war may not get that are anytime soon.

we saw it with facebook recently and we saw it with amazon recently so it is logical to think we night see the same thing happen in apple tomorrow. >> the way gene set up the rest of the year in terms of the quarter, i mean september they raised the guidance as you pointed out as well, december the comps get easier this is almost a glide path to the refresh of the 5g phones next year. >> yes, well, you were talking about that yesterday okay do people give it a pass on an okay quarter if that comes up? because 5g is just around the corner. >> i don't think 5g is anywhere -- >> all right mull presidenti multiple needs to be higher. >> but if you look at what gene said, the point is a lot of analysts have a hold or sell on the stock that have to upgrade it here. of the 48 analysts that cover it, there are 25 holds or sells, the lowest number in about ten years. i think you have to see the upgrades come up here. >> is it faang >> in the extended faang. >> aa. so clearly we had a reshuffling of the faang leadership in the last two weeks if you look at what has gone on with apple and amazon,

investigators say the hacker is a former amazon engineer, paige thompson. here's a picture. she apparently bragged about this online left a real trail. she is charged with computer fraud and abuse and is scheduled to have a hearing on tuesday. today is tuesday, no. the hearing is on thursday. one person, all of this. >> is not unbelievable? computer fraud, five years in prison and a quarter million dollar fine. not enough frankly given the magnitude of the law to capital one not to mention all the privacy breaches to all these americans the canadians that were affected. >> shepard: is it just a matter of a lock that nobody's numbers are out there? >> i don't think we fully know. we are not really sure. investigation is still ongoing and at such a significant breach. you're talking about 140,000 social security numbers and she apparently went online to say she was going to publish all these numbers and the names of these individuals. who knows who she this information to you. frankly if i were defending her, we would like to see if we could cooperate and get that information.

the former amazon woman describes herself as a hacker. richard fairbanks had no statement, i'm grateful the perpetrator has been caught i'm deeply sorry for what has happened. i apologize for all the understandable worry this incident must be causing a dam committed to making it right. the banks and most of the exposed data involves information submitted by customers and small businesses that applied for capital one credit cards betwees year. it includes addresses, dates of birth and income. the nation's fifth largest company says it will contact those affected and offer them free credit monitoring and identity protection. some steps you can take, check your statement and report any suspicious activity to your bank and you can also put a hold on your card and even your credit reports. you should also perhaps change all passwords and of course don't give any information out over the phone to respond to emails asking you to login. make sure you are the one who initiates the contact through the phone number and we should add, the office is s

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

the former amazon web services employee was caught after leaving a digital trail of her alleged crime on the internet, bragging about online. they say that she stole personal gain of about 100 millions americans and 6 million canadians from capital one. an fbi complaint said the hacker got information, including social security numbers and credit scores, about 140,000 people. thompson, who uses the handle "erratic," has been charged with the computer fraud and abuse. capital one data is hosted by amazon's cloud service, which said in a statement that it was not compromised. capital one 'ceo richard fairbank said in a statement, "while i'm grateful that the perpetrator has been caught, i'm deeply sorry for what has happened. i sincerely apologize for the understandable worried this incident must be causing those affected, and i am committed to making it right." the bank said most of the exposed data involves information submitted by customers and small businesses that applied for capital one credit cards going back to 2005 all the way for early this year. it includes addresses, dates o

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

recibe dos o tres paquetes de amazon a la semana. nos despedimos de este "revoltillo digital" con un poco de poder femenino. "22". ♪ ♪ ♪ ♪ ♪ ♪ ♪hoy te tienes que olvidar de mÍ, de mi, de mi♪ ♪ raÚl: es que yo le quiero contrato el mundo que me cuesta montarme mucho en esta escalera. jessica: cada vez que hacemos esto, cada vez vas bajando mÁs. raÚl: yo pedÍ que lo hiciÉramos aquÍ.excelente tu "revoltillo digital". jessica: yo sabÍa que ellos tenÍan algoÁs de "despìerta con carlos loret de mola". francisca con un italiano. --francisca con un italiano. francisca: nos pone la mÚsica en el "despierta amÉrica" con un fuerte aplauso, porque es la primera vez de Él en "despierta amÉrica". espero que sea la primera vez de muchas. >> este contento de estar aquÍ y sobre todo la producciÓn que me da la oportunidad de mi primera vez. francisca: nos encanta historias como la tuya. dejaste todo para venir a este paÍs que es de valientes, a luchar por tus sueÑos. cÓmo te ha ido? >> imagÍnate, como todos Único

amazon is huge in the cloud. the stock is down 8 bucks, 1903. >>> facebook says its digital currency, the proposed libra could help law enforcement. do we have anymore on this, why they're saying that? susan: basically facebook is trying to sell libra to regulators saying it is okay people thought and do say cryptocurrencies is a haven for money launderers, i will is lit activity, drug dealers as well. david marcus, the head of colibra and libra at facebook says if you look at blockchain technology which is behind crypto, it's a public ledger of transactions, you have to put information out there in the public. using that information you can trace people, to help law enforcement track down who is using this, the bad guys in all of this. but of course, you know, we heard from the president and saying that if you want enact libra you better get a chart, a new currency at play around the world. stuart: before we close out this block, i do want to thank my colleague and friend mike murphy sticking with us religiously

it is put there for the benefit -- "the washington post," of amazon. it is my opinion, and i think it's a disgrace, and if they actually said that, i didn't read that. if they actually sublet, that mitch mcconnell is an asset of russia, they have to be ashamed of themselves, and they ought to apologize. >> are you watching the democratic debates tonight? your opponent -- >> well, i think right now, i am watching. i think right now, it will be sleepy joe. i feel he will limp across the line. that doesn't mean anything, but i know the other people, i think he is off of his game by a lot, but i think personally, it is going to be sleepy joe. >> millions of people -- >> no, i think i'm helping myself because i am pointing out the tremendous corruption that is taking place in baltimore an end other democratic run cities. all you have to do is look at the past mayors in baltimore. now, i think i am helping myself. i tell you what. the white house has sent letters, emails, phone calls. i received more phone calls i think that on any other subject of people fr

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

bank does this or amazon does this or your airline does this and i keep saying the irs is not an airline. it is not a bank. it is the tax agency and it can do terrible things to taxpayers. it is the most powerful creditor in the world or in the united states at least. and so we need to be able to pick up the phone and talk to the taxpayers of the united states when they want to talk to us about their taxes. host: taxpayers have picked up the phone to talk to you. we will start with ralph. good morning. caller: good morning. i have two questions for nina. host: we are going to work on having nina olson here. try that again one more time. go ahead with your question. caller: i have two questions for her. and i'm going to hang up. i'm a vitaestion is site coordinator and as you know we use tax layer and -- keeps it'sng 1040 and they say up to the irs to put it on one. my second question for sole proprietors and independent contractors what should they do to reduce the risk of being put under an audit? tost: first of all i want thank you for volunteering at a vita site. income taxlunteer ass

you saw a statement come out from capital one where is amazon in this? what does this mean at a time when everybody is moving to the cloud. capital one has been very aggressive moving to the cloud when we talk about a firewall that was misconfigured on whose end, assuming from -- from the reporting it suggests this information was sitting on an amazon server, on an aws server does this become a larger story about aws? >> i think that's an interesting question to pose she is a former aws employee >> she's a former aws employee the data was sitting on an aws server unless i lost my mind, i would say, okay, does she know something about the way these servers are configured with clients that others don't? >> it was on an aws server she -- they didn't look to see whether i had done this, i can tell you that much you need some serious expertise to be able to do this, right she's got years spent working at aws. even though she's, you know, fatherly young fairly young, 33. i read they put up a flimsy firewall >> i'm trying to understand is that a flimsy firewall

to another alert now, former amazon employee arrested in what is being called one of the largest ever data breaches, page thompson gained access of personal information of 100 capital one customers through misconfigured fire wall, 140,000 social security numbers were accessed, to find out if you were impacted head to foxandfriends.com. some things should go without saying, right, but the tsa is warning travelers do not fly with replica grenades or enactive missile launchers, the agency confiscating items in new jersey and baltimore on monday, american service member packed unassembled rocket launcher as souvenir after being deployed in kuwait. send it back to you. steve: if you're traveling you should not take your rocket launcher on the air? jillian: that is correct. ainsley: don't. we went to bermuda one time -- >> with rocket launcher? >> no. lady in the group and she said her husband was a big hunter and had show in the side of her suitcase in a pocket and he never took it out and she got stopped at security and she had to stay behind bars for like 2 days. jillian: oh, my gosh. ai

seattle woman was arrested yesterday and appeared in federal court, prosecutors allege thompson, a former amazon employee got access to the bank data through a misconfigured firewall protecting one of its applications, the dana said occurred between march 12th and july 17th. capital one tweeted out a link with more information, the bank apologized for the cyberbreach and said they would contact affected customers but if you are capital one customer you don't want to wait for that. might be good to do a security freeze. >> one person responsible for all of that. >> presidential hopeful tulsi gabbard suis in google, why congressman accusing the company of election interference for suspending her ads account after the first debate, telling tucker carlson if google can censor her they can censor anyone. >> this is about the unchecked power these big tech monopolies have over public discourse and how this is a real threat to our freedom of speech and our elections. we all have to stand united to protect our freedom of speech because today disney, tomorrow it could be you or someone else. >> she claim

i thought i was in one until you told me that his gifts were just amazon packages because he's my mail man. ( laughter ) hmm! ( laughter ) all right. i can tell when somebody's playing hard to get. ( laughter ) and thanks to new studies, we're learning all sorts of things about lippings, like this one which shows that the only thing gold diggers are mining for the french fries. >> according to a new study, many women are choosing free meals over relationships, the study in the journal social psychological and personality science says up to a third of women have engaged in a foody call, when a person sets up a date with somebody they have no romantic interest in all for a free meal. ( laughter ) that's right. studies show a third of all dates are just people trying to eat for free. ( laughter ) so, fellas, sometimes that eggplant emoji just means i'm in the mood to eat eggplant! ( laughter ) ( applause ) there's only one emoji that always means sex, and it's a hockey net because it's nice and wide. if you're trying to figure out what's going to happen to your relationship after your fir

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

thompson, a seattle woman arrested yesterday in federal court, prosecutors allege that thompson, former amazon employee got access to the bank data through a misconfigured firewall protecting one of its applications, data steps occur between march 12th, and july 17th of this year, capital one, they did tweet out a link with more information. they apologize for the cyber incident and said they will be contacting affected customers, they did say they will give that information out later but in the meantime if you are a capital one customer and don't know if you're impacted it might be best to raise your security freeze, contact all the credit reporting agencies just to be safe. >> seems like they would be doing that right away to let people know. >> i know if i was possibly involved i would want to know immediately. thank you so much, great to have you with us. tonight bernie sanders and elizabeth warren may get tough, taking the debate stage, surrounded by candidates known to bash their progressive agenda. >> if we turn toward socialism we run the risk of helping to reelect the worst president