>> i get apple stuff 33% off that never happens >> first world problems. >> however, that's amazon's response to. a spokesperson actually said we want to make everybody happy, but there's just such volume of orders that we don't have the capacity for delivery. so because everybody's so focused on getting the deal, they're not going to be that focused on the delivery. >> you sure are quiet over there. >> i hate cyber monday i won't buy anything on cyber monday amazon prime day is the new cyber monday >> you don't have to look buy, i you look at the deals, you'd be surprised. >> but they put you in the market with the deal, would you buy? >> an ipad i don't even need one. we have five already at the house. >> see i refuse to be sucked into the vortex of prime day. >> holier than thou. >>> tim hortons is expanding its menu to provide burgers for the first time ever. but there's a catch. these aren't real burgers. they're made from beyond meat. we need an expert to talk to us about that and we turn to our very own kate rogers >> now it's prime day. >> sully is going to be very angry. >>

they include the tech behemoths, facebook, alphabet, and amazon we'll tell you what's at stake >> plus, in less than an hour, some of the biggest tech executives head to the white house to talk about how to take on huawei as the u.s. ban of that chinese tech giant remains in place >> and disney, as they were just talking, the king of the box office the lion king of the box office. live action lion king movie dominating the weekend and it

amazon posting a rare miss on eps. netflix trying to recover from its disappointment last week and microsoft regaining the crown as the world's biggest company. for more i'm joined by paul, the lead portfolio manager of the wireless fund. paul, what's the takeaway message for you here >> the way i look at this, kelly, is that as i thought it would be this quarterly earnings season has been decidedly mixed. now one of the things that we have to absorb when we take a look at companies like amazon is some companies are delivering and guiding to revenues better than expectations, which is great. but they miss on earnings per share, and i think it's mostly because of a self-inflicted wound, which is the realities of most of these internet companies. they are going to have to spend more to meet these regulations for privacy. >> in amazon - >> so fizz a company still growing its top line but missing eps for reason of a self-inflicted wound, i think that's okay. >> so in amazon's case it's investing in one-day shipping. i'm su

they're trying to turn their offices into an amazon warehouse in order to get the tech valuation. i don't buy it >> so all of this is happening as they get ready for what reportedly could be a september ipo. this is probably one of the companies with the most hide-profile criticisms of its business model even uber and lyft did not necessarily have the heat on them like wework their valuation has continued to go up, but what's interesting about this is something we hear with wework or we company is the amount of capital that the founders have allegedly taken off the table, in secondary sales, with every one of these rounds, the founder will take a few chips off the table. this happened when snap went public we're talking about an order of magnitude more that has already gone in the possibilities of the founders, which is over $500 million. that's a lot of money that they are effectively holding on to risk free, because they sold it on the ride up. >> do we know if we're looking at -- so you want the last they were valued's juan $47 billion are we expecting them to do much more than

. >> announcer: coming up, amazon's prime day isn't just about amazon anymore how others are cashing in on the company's big day. plus, one billionaire investor says google should be federally investigated why? and dozen his role on facebook's board have anything to do with his call >>> and coffee without the coffee beans this is "the exchange" on cnbc. . they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ . >>> welcome back to "the exchange," everybody that time of year again, amazon's prime day is in full swing. it is a 48-hour discount bonanza that promises a massive number of sales and new prime members for amazon but this year, competitors are throwing their hats in the rick we will explain that with lauren thomas who is cnbc.com's retail reporter and courtney reagan welcome to both of you what's different about prime this year and why is prime so prime to amazon? >> so prime this year is longer, longer th

with facebook about this coin >>> next up, lady gaga is launching a new beauty line exclusively for amazon she gives retailers some serious star power as they are making a bigger move into cosmetics she said they're the right partner because it embraced self-acceptance. it will be available in september in nearly a dozen countries. >> so, it's a delicate thing all these luxury companies and even retail brands are going into partnering up with stars and saying this will sell. rihanna is partnering lmh, all going after these stars. and it's a new audience. these influencers are big with generation z if the price points are right and the product is right, fine but rihanna is now selling $200 t-shirts, $1,500 jackets that's not her audience. makeup - >> it's aspirational, though to be so rich to own that. but your parents have credit cards or kids' parents have credit cards >> i think this is good because her audience, makeup, amazon, that's a good thing. >> you know who else has credit for this is oddly kylie jenner she came out first on the scene with these kits. we talked about it making he

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.

. >> tambiÉn para expresar repudio un grupo de activistas pro-inmigrantes y extrabajadores de amazon llegaron adonde vive jeff bezos, para exigir poner fin a su relaciÓn con ice. >> segÚn activistas amazon web servicios ofrece almacenamientos de datos para ice a travÉs de un contrato con una compaÑÍa de software privada que da soporte privado al servicio de inmigraciÓn y control de aduana. el rechazo a la polÍticas de inmigraciÓn ha tenido otras forma de expresiÓn como en colorado donde la policÍa revisa varios videos para dar con los responsables de poner una bandera mexicana en centro de control de inmigrante operativo por la compaÑÍa... en aurora, tambiÉn utilizaron una bandera de estados unidos al revÉs con grafitis y mensajes "cierren ice" mÁs adelante regresamos con mÁs noticias, ahora vamos con chiquibaby y francisco para dar comienzo a la informaciÓn del mundo del espectÁculo. ♪ ♪ >> gracias felicidad. >> gracias. >> tenemos toda la energÍa de martes oigan. >> seguro que sÍ. >> porque suenan las campanas y la preocupaciÓn despuÉs que la hija de angÉ

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

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

amazon. the stock jumping 18.5% right now in the final hour. amazon, better by a quarter of a percent, standing at -- guys, we are $10 away from $2,000 a share for amazon. we stand at $1990, a single share. the new program is called turnkey. it will direct home buyers searching for an agent on amazon straight to realogy. i'm thinking eyeballs on ads, then they will get up to $5,000 of smart home devices and free home setup services from the online retail giant. there is some fine print in all of this but realogy, while down 77% over the past year, is trying to catch a bid here after shrinking residential brokerage margins and slowdown in housing market. that of course has hurt the stock. >>> investors are switching off netflix, not by much, just a percent, but the streaming giant is on track for its longest losing streak in five years. what are we talking about? nine days of losses in a row. the company's quarterly subscriber figures did fall short of analyst targets last week when they repor

>> 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

there's also the argument that one of the reasons why amazon may have come to northern virginia is because there are more educated people in northern virginia. there is a question of is it the chicken or the egg situation. is the economic development falling the talent or is the talent following the development? i don't think they have to be mutually exclusive. i think that you can both have an economic development and also invest in education to kind of build work together. if you look at arizona state, one of the things that they do is partner with industries and develop programs that tie some of those skills that companies will need to the curriculum. so i think that there still is a lot of work to be done in terms of economic development in rural areas, but there is a lot of work to be done in terms of college attainment in rural areas. >> one of the things we have not talked about in this conversation is the role of private, for-profit universities. are we seeing those kinds of schools try to fill in the gaps between the private university, the public university? do we see those for-p

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

will see what happens with apple but it seems to be setting up for the same thing with facebook and amazon. i don't know maybe the market has finally gotten too far ahead of itself so maybe we're in for the 5% pull back tony has been talking about. >> are things different from what we thought powell would say? i mean 25 basis points, ending the balance sheet run-off earlier by two months, and then sort of -- you know what's next. >> we're going to grade the fed president later on in the show that will be a lot of fun. as guy is critical of the president's statements, i am as well i have to say though, i think he's right i think the market was expecting a much more aggressive fed and the market is only going on what the fed had guided them to i think we got to a place where the fed a's pivot for most of 21 is we're no longer in that immediate. three or mowre cuts in 2019 is something firmly on the fed's shoulders. the dow is no longer under control of the fed, and maybe it is not supposed to be once again, but central bank differentials are clearly a catalyst and a driver for dollar and dol

charles: in an amazon world where everything is cheap, everything gets lower and lower, maybe we're in a situation where the focus is not on what we were focused on when ronald reagan came into office? >> i think we would at least try to remember some things. if this is an environment which you have to cut rates when we just saw in some revised wage number that were out yesterday, all of you were reporting on it, 5% clip in 2018. 4.7% revised in 2017. wages and salaries taken together running at a 5 1/2% clip in june. the savings rate at 8.1%. i'm just saying i'm looking at all this and i'm saying, if that is an economy in need after little goosing on the part of the federal reserve, man, that is not the economy that i remember in the past that would require it. charles: maria, what powell is saying what he has said he wants to preserve those numbers neil is talking about. why be the fireman, why let this thing fall apart to try to put it back together if they can take steps, a, lou, to compete in the global economy against other central banks? and b, keep the prosperity going? on janu

there is also the argument that one of the reasons why amazon may have come to virginia is because there are more educated people there. of thes a question chicken or big situation. is talent following the development? i don't think they have to be mutually exclusive. economicou can have development and also invest in education. if you are looking at arizona state, they partner with industries in order to develop programs that tie some of those skills companies will need to the curriculum. there is still a lot of work to be done in terms of economic development in rural areas. there is a lot of work to be done in terms of college attainment. host: one of the things we haven't talked about is the role of private for-profit universities. do we see those schools trying to fill in these gaps between the private university and the public university? gapthey slipping in that where people want the education? decade, youthe last did see an explosion of the for-profit sector in rural areas. you see the constriction of those. itt tech closed. most recently, another school closed. i spoke to some s

. ♪ >> it's just for the benefit of amazon. "the washington post" is for canoes. they actually said that, that mitch mcconnell is an asset of russia? they ought to be ashamed of themselves and not to apologize. >> harris: president trump there yesterday after "washington post" ran an op-ed calling senator mcconnell a "russian asset" for blocking election security bills. mcconnell is also pushing back against critics calling him a victim of "modern-day mccarthyism." the senate majority leader argues congress and the trump administration are already doing enough, and the bills are democrats putting politics. but one senator and presidential candidate says mcconnell is doing just that. >> totally aligned with the president. the president, i think, once chaos of the election. stop those bills in their tracks. he's doing it, and that's why he's doing it. because it protects their party. i think it's not patriotism. i think it's pure partisanship. >> harris: steve? >> steve: that's nonsense. mitch mcconnell's not trying to help the russians metal in in the 2020 election

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

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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

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

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

it's put there for the benefit, "the washington post" of amazon. and i think it's a disgrace. if they actually said it, i didn't read it. if they said that mitch mcconnell is an asset of russia, they ought to be ashamed of themselves, and they ought to apologize. well, i think right now, i am watching. i think right now it will be sleepy joe. i think. across the limp line. what i think doesn't mean anything. i know the other people. i know him. i think it's off his game by a lot. but i think personally, he endorsed sleepy joe. no, i think i'm helping myself because i'm pointing out the tremendous corruption that's taken place in baltimore and other democratic-run cities. all you have to do is look at past mayors in baltimore see what happens. no, i think i'm helping myself. and i'll tell you what, the white house and myself and letters an e-mails an phone calls have received more phone calls than i any on any other subject of people from baltimore and other cities corruptly run by democrats thanking me for getting involved. those people are living in hell in baltimore. they're

companies like amazon and billionaires not paying one nickel in federal income tax and 500,000 people sleeping on the street. what we need is a political revolution that tells these billionaire corporate america that they are americans, they'll participate in ow society but they have got to start paying their fair share of taxes. >> miss williamson, you're proposing to make college free for all qualified students. should the government pay for wealthier students to go to college? >> i think policies should be based on the idea that anything we do to help people thrive is a stimulation to our economy. so if a few people take advantage, there are four or five that are going to take the money they have in the bank -- when you look at this $1.5 trillion debt -- this is why i okay with bernie. we have a $2 trillion tax cut where it ges to the very richest among us. that does not stimulate the econam. think of all the young people that will be able to start their business. the best thing you can do is to get rid of this debt. this is not just about a planx it's about a philosophy of governi

so, i think it's a horrible thing which is just a paper for the benefit of amazon. the washington post is fake news just like the new york times is fake news. it's put there for the benefit the washington post of amazon , that is my opinion and i think , it's a disgrace. and if we actually said that i didn't read it. if we actually said that mitch mcconnell is an asset of russia they ought to be ashamed of themselves and they ought to apologize. reporter: [inaudible] pres. trump: well i think right now it would be sleepy joe. i think. i feel he will limbo cross the line. that is what i think. what i think doesn't mean anything. but i know the other people, i know him, i think he is off his game by a lot. but i think personally, i think it's going to be sleepy joe. reporter: [inaudible] pres. trump: no, i think i'm helping myself because i'm pointing out the tremendous corruption that's taken place in baltimore and other democratic run cities. all you have to do is look at the past mayors in baltimore and see what happened. i think i'm helping myself and i will tell

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

companies like amazon and billionaires out there do not pay one nickel in federal income tax. and we have 500,000 people sleeping on the street. what we need is a political revolution. that tells the billionaire ands corporate america they are americans. they'll participate in the society. they have got to start paying their fair share of taxes. period. >> thank you senator. williamson? you are proposing to make college free for all qualified students. should the government pay for children from wealthier families to go to college? >> i think all domestic and international policy should be based on the idea that anything we do to help people thrive is a stimulation to our economy. that's how you stimulate the economy. so if a few people take advantage four or five people who were going to take the money they have in the bank, when you look at this $1.5 trillion college debt. swap it. we had a $2 trillion tax cut. 83 cents of every dollar goes to the richest among us that doesn't stimulate the economy. if we get rid of this college debt, think of all the young people who have t

we have, right now, 20,000 miners in the -- northern amazon. that theyjust feel have a partner in the cabinet in brasilia. before, and the v very first day, the very same day when the wajapi leader was murdered, the president said he would open indigenous lands for mining. , what they expect activitity point, the will be e legalized, some sort f formalized, so they will be able to stay there and remain there, doing the activities, and unfortrtunately harming the environment in the indigenous people. in terms of the impact, of course, the amazon is the home of the highest percentage of forests, and chopping down trees and forests at the speed we are this masss in extension of biodiversity worldwide. inthe speed of destruction the amazon helps that, unfortunately. but we do not lose only the biodiversity. the forest is very important for local people, not only indigenous people. we have local communities that depend on the forest for their livelihoods. they extract their natural products from the forest, they good so they have a environment for k

she was a systems engineer at amazon web services from 2015 to 2016 capital one data is hosted by amazon's cloud service. >> it sort of shattered the myth that the cloud is some sort of out there secure impenetrable fortress where it's really just a series of servers and software, which is just as vulnerable to hacking. >> the hack compromised the personal information of about 106 million people, essentially anyone who has ever had or even applied for a capital one credit card. it is among the largest security breaches of a u.s. financial institution ever to have happened. capital one stock price fell around 6% today. in a statement, capital one ceo said "while i am grateful the perpetrator has been caught, i am deeply sorry for what has happened. i sincerely apologize for the understandable worry this incident must be causing those affected, and i'm committed to making it right." cyber security experts agree banks and bear the responsibility. >> the fact that we have unencrypted data sitting in infrastructure for large periods of time, that's an alarming trend and it needs to change. bank

. >> web computing service from amazon but that's essent capital one wacloud and usually to save money on it and that sort of thing. >> the company claiming based on their analysis so far believes it was unlikely that any of the hacked information was so used for fraud or made publicly available. >> companies struggle with computing services because they're so complicated and cannot configure them in the right way and vulnerable to the hack. >> apology expressed for the hack which was identified on july 19 saying, "i sincerely apologize for the understandable worry this incident must be causing those affected and i am committed to making it right". capital one said their credit card numbers or log in credentials were exposed and more than 99% of social security numbers were not exposed. customers affected bynotified t company. paige thompson has been arrested by the fbi and previously works for amazon and expected to cost capital one up to $150 million. >>> today the department of homeland security talking about modern flight systems being vulnerable to hacking if someone manages to ga

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

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,

and the last point that i want to make it's available online at amazon in the book version. bolsonaro brought the compare narrative to the government. so when you listen to him, he's basically dividing the country. the people that support the operation, people that are against the old school politicians, people that are different from everything that brazil has to offer, from the old school politicians from brazil, from the establishment, every time he feels pressured he goes against the work party. he's basically transporting the narrative that was successful in the campaign to the government. again, just to conclude here, that works if you have good economic management, if people are employed, but it's not the case in brazil. so they have a key challenge on the economic side, especially focused on the public opinion. >> thank you. andrea, it looks like politics in brazil as criticized as it has been is doing what politics does in most democracies. it is processing proposals from the executive. and what i hear including from monica this that the proposal o social security,

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

it's put there for the benefit the washington post of amazon and i think it's a disgrace. and if we actually said that i didn't read it. if we actually said that mitch mcconnell is an asset of russia they ought to be ashamed of themselves and they ought to apologize. well i think right now it would be sleepy joe. what i think -- i think he's off his game by a lot. but personally i think it's going to be sleepy joe. i think i'm helping myself because i'm pointing out the tremendous corruption that's taken place in baltimore and other democratic cities. all you have to do is look at the past mayors in baltimore and see what happens. i think i'm helping myself and i will tell you what. the white house and myself and letters and emails and phone calls have received more phone calls then i think on any other subject -- people of other cities corruptly run by democrats. those people are living in hell in baltimore. they were largely african-american. you have a large african-american population and they really appreciate what i'm doing and they let me know it. they really apprec

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

and amazon -- the "washington post" does a lot of critical reporting on amazon. so just setting those two facts straight for everyone, because they were stunning to hear, jim. >> no question. suzanne, if we could begin with you, because it's cnn's reporting that within the white house, and again we've heard this times before, that some of his aides are uncomfortable or have some discomfort with the president's attacks on elijah cummings. despite that, you heard from the president there really expanding his attacks on the sitting representative, claiming without basis that he's stolen billions of dollars in federal money. it appears the president is going to stick with this line of attack. >> he's doubling and tripling down on what he has said before. it seems like this is a approach in his mind, because cnn reporting that there are some staff in the white house that are concerned and uncomfortable with the kind of language going after a very popular congressman cummings, as well as the whole city of baltimore. we heard the president say that the people in baltimo

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

it's put there for the benefit, "the washington post," of amazon. that's my opinion. and i think it's a disgrace. if they actually said that -- i didn't read it -- if they actually said mitch mcconnell is an asset of russia, they ought to be ashamed of themselves and ought to apologize. [ inaudible question ] do you have a sense as to who your likely opponent will be? >> well, i think right now i am watching -- i think right now it will be joe. i feel he'll limp across the line is what i think. what i think doesn't mean anything but i know the other people. i know him. i think he's off his game by a lot. personally i think it is going to be sleepy joe. [ inaudible question ] >> no, i think i'm helping myself because i'm pointing out the tremendous corruption that's taken place in baltimore and other democratic run cities. all you have to do is look at the past mayors in baltimore, see what happened. no, i think i'm helping myself. i'll tell you what. the white house and myself and letters and e-mails and phone calls, have received more phone calls than i think on any

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

$150 million thi year back over to you >> the company was unnamed yet the guy was a former employee of amazon web services, but we're not putting two and two together right now >> that's right. this clearly seems like it's still under investigation. that's according to the "wall street journal" and their reporting. we'll have to see how this unfolds. >>> on deck, is the sizzle finally coming off of red hot beyond meat? shares losing more than 10% right now. we'll tell you why next. these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. get a 4-week trial plus postage and a digital scale i had a few good tricks to help hide my bladder leak pad. like the old "tunic tug". but always discreet is less bulky. and it really protects. 'cause it turns liquid to gel. so i have nothing to hide. always discreet. >>> bp shares are higher after second quarter earnings beat forecast production is up 4%. profit coming in at 2$2.8 bil