third, regulators could zero in on the amazon prime fly. whe if amazon is using money from other business units toid subsidize or music services, how can other companies that do have to make a profit compete? deidrebosa, "nightly business report." >>> finally, as we mentioned, parentgolphabet and et a ogle could be under scrutiny. here is josh lipton. >> google could be inme the gove crosshairs in part because of the estimated 80% market share in search. antitrust officials will have to decide if it is a monopoly harming consumers. but google officials recently testified on capitol hill, disputing that argument. >> foron example, whenmers search for information they can choose among amazon, yelp, microsoft, travelocity and many otheromnies like these that consistently report strong user growth. if you don't want to use google, there are many other information providers available. >> reporter: and then there is >> i don't think anybody reasonable is going to come to the conclusion apple is a monopoly. our share is much more modest. weon't ha

and dell other others mentioned microsoft google parent alphabet and amazon companies on the altering their plans of moving production to avoid new tariffs but also because they face high operating costs in china. u.s. private equity firm colloguing bank put in a $3400000000.00 of a german lighting group also the company formally as siemens subsidiary employs $26000.00 people purchase off a horse at least includes guarantees that office locations and jobs would be maintained also has been struggling struggling to turn a profit and sometimes the final decision about the buyout is expected later today . and that's it from me and the business. formal business news analysis back on stories check out. business. is next right after this quick look at global markets the for. when you will. be the 1st americans at some point in our lives will experience hardship listen. i'm not laughing at the germans because sometimes i am placed and laughing with the people think deep into the german culture. you did seem to take this crown the day off to you it's all that. time rachel join me for me to shu

why amazon had it right when it hose virginia for its second headquarters. those stories and much more tonight on "nightly business report" for wednesday, july 10th. . >>> good evening, everyone. welcome. well, the stage is set and investors cheered. federal reserve chair jerome powell bolstered the case for a possible interest rate cut when policymakers meet at the end of he suggested that lowering the benchmark rate would bolster growth and cited a number of uncertainties here and around the globe. thatd lif optimism on wall street, sending the nasdaq to new highs and the s&p 500 ble l briefly through the 3,000 mark before it pulled back. the downd jonestrial average rose 26 points to 26,860. theasdaq was up 60 and the s&p 500 gained 13. we have two reports tonight. bob pisani is at the new york stock exchange, but we begin with steve liesman and the fed. >>> fed chairman jerome powell all but guaranteed thel fed w be cutting rates probably as soon a this month, from the testimony in the house today. while he said the u.s. economy is in a good place he emp

google, apple, even amazon have been doing it a little bitng , and i think they're a little bit better at it. i think the libra just the timing of it, you know, now you'reng go geoive nefarious actors the ability to manipulate the next election with money they don't have to launder. you can seehe political engine getting under there that way. i think that's one of the reason facebook has sort of more scrutiny on it. >> now, we all know that these kinds of companies, you know, the companies that have been at the forefront of technology, cutting-edge technology for the last several years, have been leading this market higher. now they're getting this scrutiny from rishington. >>t. >> does that cap that growth do you think? >> well, i think every -- i think for facebook, i think it is built in or, you know, the light -- some sort of light regulation is built in. i think itns maybe even built a little bit for google as well, but perhaps not the more disastrous outcome for, say, example rewriting the 1996 communications decency act, which means both google and fallbook would act have to be

the company lags behind amazon and microsoft in the cloud infrastructure business. france has announced the introduction of a range of green taxes on flights from its airports, to reduce the environmental impact of air travel. the taxes will come into force next year. funds raised — about $200 million — will go to improve alternative french transport, including local trains. shares in a number of european airlines fell on the news. james dyson, the british billionaire and inventor of the bagless vacuum cleaner, has purchased the most expensive apartment in singapore, where his company plans to build an electric car. the three—storey "super penthouse" at the top of singapore's tallest building was reportedly sold for $54.2 million. not bad if you've got the cash! karishma vaswani is looking at this story. you're not in the penthouse, we should be clear! a very different outlook from the bbc bureau! no where near the figures it is thought james dyson paid for the super penthouse. it was called a bungalow in the sky when it was marketed a couple of years ago as l

the justice department didn't name any companies, but facebook, google, amazon and apple are likely to be scrutinised in the wide—ranging probe. it marks the latest scrutiny of the tech giants' power over the american economy. the company behind social media app snapchat says it added 13 million daily active users in the last quarter. snap inc beat analysts' estimates as it got a boost from a better version of its android app and the launch of new augmented reality photo lenses. shares of snapjumped 9% in after hours trading. we have many companies reporting their earnings this week and ford is one of them. ford will announce its latest earnings later, after showing a strong first—quarter on growing demand for its pickup trucks and suvs. ahead of that the carmaking giant has revealed details about its plans to develop an all—electric version of america's best selling vehicle — the f150 pickup. bbc business correspondent michelle fleury has more. ten double—decker train cars weighing over1 ten double—decker train cars weighing over 1 million ten double—decker train cars we

has about 3 months worth but i would expect you know delays to ripple through to companies like apple amazon samsung but also to be expecting higher prices for these products and some sort of very wide ranging effects could this also affect the way to grow a lot of 5 g. networks around the world really. right well that's a concern for europe and you know the background here is that you're up to spend lagging behind in 5 g. it's it's not anywhere near the 5 g. standards that the u.s. or asia is that right now. so semiconductors are obviously a huge part of the internet of things so there definitely is concern that any sort of cut back the amount of semiconductors out there could slow down. just generally the amount of speed of 5 g. adoption so it's many i'm friends with thank you. many companies today prevent pretend that they're socially conscious and ecological but if you look at the value changed things often look different the value chain expresses where the money is being made and by whom under what conditions who gets what share of the final price of a product in the textile industry fo

but amazon is facing growing pressure over its sheer size and power. it's facing antitrust investigations in the us, along with the other tech giants, and earlier this month, the european commission also began an investigation into whether amazon is abusing its role as a marketplace provider. victoria. with us now is hussein kanji, a partner at venture capital firm hoxton ventures. thanks very much for coming in. i wonder whether you think amazon is really abusing its market dominance? it isa really abusing its market dominance? it is a hard one. it definitely has a lot of market power, and like most big companies it will exert that power, but in the end consumers benefit from lower prices, so the traditional behaviour sees customers suffering when prices go up, and thatis suffering when prices go up, and that is what we complain about with infrastructure, but in this case eve ryo ne infrastructure, but in this case everyone kind of wins, but amazon really wins in a big way. well, that is eight, it is not a traditional monopoly, so traditional monopoli

over at amazon, soaring demand for its cloud business, the tech infrastructure thatis business, the tech infrastructure that is used by many businesses, it continues to contribute to the bottom line. the well‘s biggest online retailer is expected to post strong revenue for the second quarter. and healthy travel demand should help airlines mitigate some of the impact of a prolonged grounding of boeing 737 max jets. they are the two us airlines with the largest 737 max fleets. that is michelle, of course and itjust underlies how busy it is. joining us is richard hunter, head of markets at interactive investor. lots of earnings and we have mentioned at the european central bank, your thoughts on the ecb today? we have just been hearing from victoria about the german manufacturing data and of course, thatis manufacturing data and of course, that is very much the power within the european union so they are clearly in trouble, but at least we are not speaking like a couple of yea rs are not speaking like a couple of years ago about debt anymore, it is just that growth hasn't materialised soi

at this point, amazon's u.s. e-commerce sales are not growing entire u.s.than the e-commerce market, and to me that is a little visually and. -- a little bit worrying. we will see how they do in the third quarter and beyond, but this company's growth is slowing down. at the same time, it is spending more on things like warehouses. the margins people have been excited about and amazon are coming down at the same time the growth rate is also doing that. emily: ross, tesla coming up next week. i know you always have provocative thoughts on tesla. where is your head at? ross: i am excited for next week. tesla has gone through an enormous growth phase. the first quarter was a stumble, trying to get that international rollout, but it looks like they have been successful with it. delivery numbers are over 95,000. i expect them to make a profit. the street has said this company is dead and bankrupt, and that has proven to be untrue. cars isnd for ev continuing to explode. the heat in new york is so bad today, if this doe

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

antitrust regulators will investigate amazon the world's largest online retailer to see if its use of other merchants data breaches the block's antitrust rules meanwhile here in germany the consumer protection agency have a victory against the e-commerce giant german authorities are making amazon change how it works with 3rd party merchants in europe both the sellers and amazon and need to take more responsibility for incomplete or inaccurate order fulfillment will also need to wait 30 days before blocking or closing selling at closing the seller account excuse me in exchange germany's federal cartel office says it will drop its investigation into amazon. now the latest figures from the international air transport association show demand for passenger aviation in the next 2 decades is going to surge and the asia pacific region with countries like china indonesia and those leading the charge but in europe so-called flight shame is increasing social pressure on travelers not to fly as they're made out to consider the environmental impact of each trip. 100000 that's how many people come

i turn to amazon. alexa, what is amazon? it's a multinational american technology that focuses on e—commerce, cloud computing, digital streaming and artificial intelligence. is known for its disruption of well—established industries through technological innovation. its dominance is problematic with its growth getting rid of retailjobs and it has faced criticism over worker conditions at its warehouses. it's not a good look for amazon or any of these companies where efficiency is so prized that the human component is challenged. one decision it may come to regret, its failure to replace a second headquarters in new york —— place. the acrimonious split with the biggest city in america may have a situation where governments are less friendly to amazon. alexa, is amazon good or evil? i like amazon. without amazon, i wouldn't exist. good or evil? i like amazon. without amazon, iwouldn't exist. michelle fleury, bbc news, new york. in other business news, malaysian anticorruption in other business news, malaysian anticorru

amazon is set to fire the starting gun laterfor amazon is set to fire the starting gun later for prime amazon is set to fire the starting gun laterfor prime day, its 48—hour shopping bonanza, but warehouse workers in minnesota have targeted this particular event to strike over working conditions. last year the online retail giant committed to paying employees at least $15 an hour but concerns persist over the way workers are treated. the bbc‘s michelle fleury has more from minnesota. this is amazon's massive warehouse in minnesota. a handful of workers here are planning to mark amazon's prime shopping day, and annual sales event with a strike. earlier i spoke to one of the workers to ask what they are protesting. we're on strike on prime day mainly demanding safe and reliable jobs from amazon. the speeds we have to work are physically and mentally exhausting. some cases lead to injuries and people not seeing the job they can do long—term, plus with amazon's reliance on temporary workers, not having the same job security, basically we want them to treat us with respect as human be

the justice department didn't name any companies, but facebook, google, amazon and apple are likely to be scrutinised in the wide—ranging probe. it marks the latest scrutiny of the tech giants' power over the american economy. the international monetary fund has cut its growth forecasts for the global economy for this year and next. it predicts growth of 3.2% in 2019, and 3.5 % in 2020. the organisation said growth "remains subdued" and there is an urgent need to reduce trade and technology tensions. reports say that nissan plans to expand job cuts to over 10,000 to help turn around its business. that would include the 4,800 job cuts it announced in may. let's go to our asia business hub where shara njit leyl is following the story. lovely to see you. so what is nissan likely to be doing? what are the report saying? well, that's right, sally, you say these 10,000 jobs potentially cut, all based off media reports citing unnamed sources. nissan's spokesman has told the bbc the company does not comment on such speculation but we know that these potential cuts come after the car—maker

they have never touched live sport whereas amazon. they never touched mainstream entertainment. most of what next for dexter scripted drama. i don't think they will but they have to consider whether they will look at other entertainment genres and that as a way to bolster their subscriber base. presumably, especially as on the horizon disney its own screening, streaming service and apple, they are going to have to work hard to retain customers. apple, they are going to have to work hard to retain customersm apple, they are going to have to work hard to retain customers. it is the first time that they are subscriber base has gone down in america. not since they split their subscriber dvd rental service have they seen a drop in customers. always on the record saying words to the effect that netflix want to make your favourite tv show. i am not sure that is right because disney is loved, apple will be investing a lot of money. the advantage they have is they were the first to market and they were the first to market and they already have this big subscriber base. disney of course a

amazon spends more than $8 billion. they spent more than $8 billion less year in advertising and promotional activities, but that growth is something to think about. is it in terms of one-day shipping, is it prime-day related, or are they trying to fight back? emily: it's interesting given that we were talking earlier about google's cloud business and how it is still in third place, though the cloud business in general is continuing to grow and is certainly not a zero-sum game. what do you think the slowdown or the disappointing numbers have to do with? competition orf because of amazon-specific issues? >> i don't think it is amazon-specific issues so much as competition. microsoft cloud business is up 60% recently. we know that business is on fire . we do not have a lot of his ability to google members. numbers. now amazon is competing with two giants, i think that absolutely could eat into the top line going forward. emily: what about the advertising business which has slowlyowly growing, becoming a third-place conten

now she is taking on amazon. we will talk about the latest on europe's battle with silicon valley, next. ♪ >> they are hosting a number of businesses but also competing against those businesses in the very trade they do. now we are looking into the use of data to see if this is done in a fair way or will there be a case for us? emily: that is european union commissioner margrethe vestager. after five years battling big tech, the antitrust chief will step down from her post later this year but not without dealing one more blow to silicon valley. she plans to open a formal investigation into amazon within coming days. she has hinted for months that she wanted to escalate a preliminary inquiry to have amazon using sales data to undercut third-party markets. joining us to discuss is brad stone. how big of a blow could this be to amazon? brad: in the short-term term, probably not a huge blow. google is currently facing, think over $9 million in eu fines. it has been appealing them so that continues. this is the begi

emily: amazon opened a celebrity store a year ago. now they have all of these deals today tied to celebrities. they are starting to offer special products. lady gaga will offer an exclusive beauty product line only on amazon. how big of a deal is that? >> there are two things amazon has been trying to push into. fashion has always been an achilles heel for amazon. they have tried to go into basics by getting into and non-fashion categories. they picked up bigger business than macy's doing that. some of this is to get into the fashion accessories business. they are starting to realize the millennial crowd, they're going to start looking at different ways to attract that crowd back to amazon. channely has been a that has been added for a while now. emily: what are the trends you're falling one -- following on this particular prime day? over 48 hours. slightly more than last year. what is your take? >> prime day has typically been the biggest day of the year for amazon. this year, they expect that to be the same. one thing which has been

why is amazon suddenly caring? reporter: it is that they are beginning to get pressure from politicians, scrutiny from d.c. europe. it is bernie sanders today, but tomorrow, it could be both ends of the political spectrum. it is their growth. they are growing 20% topline per year. about one million employees throughout the world if you count temporary workers. . walmart, about 2 million. you can see a day when amazon becomes the largest employer in the world, and that will have pressure. emily: on one hand, we talk about the lack of workers to fill technical roles. on the other hand, there's an explosion of warehouse jobs, given what amazon and walmart are doing, and a decline in traditional retail jobs. what are the dynamics happening at the ground levels that has led amazon to do this? reporter: by some measures, it is the tightest labor market in half a century. you have companies complaining there's a shortage of the types of workers they want. of course, some management and economics experts would respond, are

people are not going to buy a uy a device or amazon -- by google or amazon device and run apple services. 1.4, 1.5le has the billion unique users, the problem is that they are not taking advantage. what they still don't have is some sort of subscription-based service for purchasing an iphone. i think until the services are up to snuff, there still is this device-centric approach. one more point on this. apple gets 90% of its revenues almost from hardware devices. i think going all in on services at this point is too early. emily: all of that said, johnny apple's chief designer who has been there for 30 years is about to leave. he was incredibly involved in the apple watch, in the airpods, and some of the biggest hardware hits apple has had since the iphone. laura, does that concern you? device-centric question. doesn't bother me at all. what i care about is revenue per user and value in the ecosystem. are they adding news, movies, tv? those increase stickiness and lifetime value. watches, which creates stickiness? increaseshat stickiness to the 900 million users who are rich and global.

so, i don't see them outspending apple or amazon. so i don't think original content can do it alone. what i have said for some time, i think they should invest money in buying an existing content provider that has a library and a fan base and some following, similarly to how disney bought fox. i think that is much more likely. the other thing that people talk about less but will play a significant impact in terms of time spent on netflix is the growth of ad-supported streaming services like pluto tv, recently acquired by viacom, and others. i'm a big believer in 2020 that netflix has to launch some sort of ad-supported tier that they can maybe feature the original content library on. emily: interesting. what will you be watching for on wednesday when the company reports? >> a couple of things. i will be looking more at the international number. i think that is an area where they have more wiggle room in terms of the first mover advantage. in those markets, they don't have these huge global international companies they are , competing

right now, the amazon echo has one tweeter. this one will have four or five tweeters which should be comparable to the homepod. emily: let's talk about sonos. do we know anything about -- they have made high-end speakers for a long time. certainly, many people have had sonos speakers in their home. i think we have lost mark gurman. all right, mark gurman is no longer with us. you can check out that story at bloomberg.com. what we are going to talk about now more is facebook and the record fine from the ftc -- $5 billion. we don't know more about it but alistair barr is likely with me on the set. tell us the nuts and bolts, what we know. all we know is the $5 billion number. alistair: we know the ftc commissioners voted 3-2 on that, with two democratic commissioners voting against it. we have been having a debate. $5 billion for sure and a split commission which is not ideal. they like to have 5-0 on these types of things. emily: there was some dissent. alistair: totally. it could mean we will have a debate of what happens on mo

we are seeing coalition's between amazon employees -- coalitions building between amazon employees. see the employees by the banding together to make the voices a little louder. emily: we will be following it. , thank you for the reporting. u.s. women's team was not the only winner of the world cup, with watchers 20% higher than the men's final. and in the netherlands, nearly 90% of those watching tv tuned in. go, team. that does it for this edition of "bloomberg: technology." our globalck out breaking news network tictoc on twitter as well. this is bloomberg. ♪ manus: this is "bloomberg daybreak: middle east." how the strong u.s. jobs report will factor in. goldman sachs says they are relying on the wisdom of the crowds. cuts, u.s. interest rate and the removal of the turkish central bank governor rocks the lira. , the islamic republic threatens to push uranium two 20% purity.

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

taylor: every time amazon enters the market, people get nervous. we call it the amazon affect. to be fair, these brick-and-mortar companies have done a very good job. target, walmart, of adapting. even when amazon came to the grocery business, walmart stepped up their game with online grocery delivery. what it can be said about these brick-and-mortar companies adapting and still hold onto their market share? jordyn: it says they still want to be in the game. they realize the game has kind of changed. their calculations have changed. but, when people think of going places -- you want to walk in, see things, have that excitement. the walmarts and targets of the world have able to maintain that excitement around back-to-school. prime day is not a real holiday. they are just competing on a fake holiday but they can also play that game too and manufacture some fun discounting days as well. taylor: we are in a whole new world when it is july 5 and we are talking about back-to-school. i just got my summer started. that was jordyn. if you missed the boston pops july 4 fireworks spectac

the power ofell -- google and amazon. fangipos list the two giants as a competitor or risk to their business. bitcoin's rally starting to waver again. the price of the currency down double digits since friday. first to our top story. any victory for beijing, president trump said he would hold off on any further tariffs for now and would relax constraints on huawei. manyonstraints remain and say optimism is overdone as many try to figure out what form the relief will take. huawei is still on the list usually reserved for rogue regimes and affiliated companies. on sunday, white house national economic council director larry kudlow commented on the move. >> this is not a general amnesty. they will remain on the so-called entity list and national security concerns will remain paramount. caroline: for more, we are joined by sarah mcgregor and sophie elstrom. sarah, talk to us about the orails surrounding huawei the lack of details. was it expected? sarah: there were a lot of questions on whether huawei would even come up in th

if you like amazon is leading the world in cloud at the amazon conference, at google, you feel like they want to. microsoft feels like they can. they have this incredible reach of every person in the world and how they can tap them into some cloud service. it is hard to ignore china. emily: if you can't ignore china, what could a potential impact of the trade war be? this seems to be not subsiding anytime soon. if tensions remain as they are, what does that mean for microsoft? aaron: microsoft strength in china has been around cloud services. early in that market, amazon caught up fast. amazon and azure, the market has been looking to go -- go global or access cloud services outside of mainland china. that market has potential to go strong, regardless of any iron curtain that might fall. they: microsoft felt antitrust pain in the 1990's with big antitrust hearings, but they have been largely out of the spotlight, with the recent raft of hearings at amazon, google, facebook, apple all in the spotlight. how can microsoft use that to its advantage? anurag: it is one of the biggest things fo

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.

emily: next week, we have facebook, alphabet, amazon. i have a chart showing how microsoft has surpassed all of that. ross, what are you watching for next week? ross: i think all these companies are taking a different path. we used to look at it as they all kind of rose and fell together, but it is now as if they are all separating into their own orbits. it was from the explosion of facebook being a corrupt company. facebook is doing well in the advertising format because instagram is still a juggernaut, but their fines, their legal bills, the regulation, i just don't see a future where facebook is not heavily regulated going forward, and i think they are very clueless, and libra kind of proved that. on the others of the coin, we think amazon is doing well, and they are dominating the markets and continuing to drive growth in many areas. it is probably one of the most innovative companies in the world to this day, despite their size. as we go through different things next week, i think we will start to see divergence of the pads of these

when you are ou at the amazon conference, you feel like amazon is leading the world in cloud at . at google, you feel like they want to. microsoft feels like they can. they have this incredible reach of every person in the world and how they can tap them into some cloud service. it is hard to ignore china in that context. emily: if you can't ignore china, what could a potential impact of the trade war be? i mean this seems to be not , subsiding anytime soon. so if tensions remain as they are, what does that mean for microsoft? aaron: microsoft's strength in china has been around cloud services. it was very early in that emily: for two days this week, facebook's stephen marcus was peppered with questions about the social network's newly-proposed cryptocurrency, libra, but there was one question or statement that seemed to catch him completely off guard. take a listen. rep. sherman: we are told by some that innovation is always good. the most innovative thing that happened this century is when osama bin laden came up with the innovative idea of flying to wo airplanes into towers. th

is it amazon or microsoft? naomi: amazon from the get-go has been seen as the front runner for the contract. that's because a few years ago, it won a very important cloud contract from the cia and was security approvals that are necessary to handle sensitive and top-secret data. recently, microsoft has been contender.trong we may get a surprise here. they recently also got a deal with intelligence community. they are a known player in the defense department. many people in the federal government, many federal agencies use microsoft word, so they are a known player, so they definitely have a case to make to the dod. it will be interesting where the dod comes down on it. if it goes to amazon, there might be more concerned about if trump would weigh in or microsoft could have an upset here. emily: thanks so much for your reporting on this. i know you will keep us posted. returning to facebook's liber hearing, the company took a beating for the second straight day over its crypto plans. maxine waters says if facebo

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

amazon at one point was one of the bidders. one of the networks that was pulled out of that was the yes network, sold for $3.5 billion to the yankees, but also amazon was one of the players. so more generally, at&t says it wants to sell regional sports networks, which are much more limited. they have the rockets, the penguins, the mariners. they are not nearly as big as the fox networks, but you are not integral to warner media. warner media is largely national media. networks are likely to be very interesting to companies that are local, like sinclair, two other regional broadcasters, but we step back and see all of the tech companies are now getting into sports more generally. we've got amazon, which is doing simulcasting of thursday night football. we had twitter, which is doing mls. we have facebook, which is supposedly bidding on international sports rights. we are about to see the tech companies get much more interested in sports. regional sports networks are likely to get a piece of that. caroline: and then sports teams

the ftc was going to be looking at facebook and amazon. now this means that both agencies could be looking at these companies? a very broad -- it is giving itself a lot of leeway to take a broad look at these industries to find out whether further action is needed. this is basically them sending the signal that we are casting a wide net, we are not going to limit ourselves. all this talk about us getting this and the ftc getting that, we are not going to be bound by that. how there'st about a lot of people who believe that antitrust regulation in the u.s. which dates back more than 100 years needs to be updated for the 21st century to account for social networking, retail platforms that have taken over the internet and are killing the retail industry, need to be updated for search and all of the services being provided digitally from the apples, soogles, amazons, and facebook of the world. this seems to be what the doj is doing. do we need to look at these industries in a ? light?-- nin a new emily: all of these companies appeared on the h

shares of apple, amazon, facebook, and alphabet down on after-hours trading as the u.s. justice department says it is investigating whether tech giants are harming competition. the head of the antitrust division laid out the reasoning, saying without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands. and added the department's antitrust division will explore. -- explore these important issues. to discuss, we have chris calabrese, the vice president of policy for the center of democracy and technology. with us in the studio, eric hippeau, the managing partner of lerer hippeau. what is your take on the rising pressure at the highest levels of big tech? eric: it is a major reversal of the lack of enforcement we have seen in previous administrations. five of the top five companies in america are tech companies, and they are subject to antitrust activity. emily: used the word lax, implying that have not been doing enough? eric: i think they would like to on the privacy issue for sure and we are

how is what ibm is trying to do different than what amazon web googles, microsoft, and do with their clouds? olivia: they all provide different public cloud networks that have particular kinds of strengths. example,strength, for is its infrastructure services, or salesforce's cloud's strength is its customer management platform. you see companies buying and using these clouds for different reasons. what ibm is attempting to do is become the glue that will stick together or connect all of those different clouds onto one platform. you may be a company that needs to use salesforce for a particular reason and amazon for another reason. that means you may end up with up to 15 different cloud providers that all operate independently, and you have no way to bring them all together. ibm is hoping it will be able to become the connective tissue that aligns all of these clouds under one platform. one of the really interesting things here is this idea, this kind of strategic move to become partners with their former competitors, like amazon, microsoft, or google, is what ibm actually did in the

my sense is amazon will take a slower approach. are clearly very aggressive folks, but we are feeling veryd and confident about what we're doing. emily: a different view of a modern space race. thank you so much for sharing your work with us. this edition of "bloomberg technology." on can connect with us twitter. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. paul: welcome to "daybreak australia." sophie: we are counting down to asia's major market opens. ♪ paul: here a

my sense is that amazon will take a slower approach. are clearly onn a very aggressive cap. we are -- path. we are charging ahead and feeling very confident about what we are doing. emily: a different view of the modern space race. thank you for sharing your work with us. that does it for this abuse -- this episode of "bloomberg technology." be sure to follow our global breaking news network to talk on twitter. -- tictoc on twitter. this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. >> the following is a paid program. the opinions and views expressed reflect those of bloomberg lp, its affiliates or employees. >> this program is a paid presentation for omega xl

this narrows the delivery gap in competition with amazon. they are also feeling pressure from an internet sales tax recognized in 19 states. bloomberg talked to the ceo and asked about the impact. >> there's no doubt we have seen a headwind from the rollout of internet sales tax. that will continue as more and more states roll it out until we fully implement it and work our way out of that next year. at the beginning of the year, no states had an internet sales tax. right now there are nine that have implemented, there are 30 have declared. i think it is a terrible policy. i think it is a regressive tax on small business. we've been advocating on behalf of small business for quite a wild. it's the only tax i know of where states effectively are taxing people out of state that can't vote for their politicians. so i think it is a bad policy, but at the end of the day, it is what it is. we comply with the laws of states, and if they implement a tax, we will collect it on behalf of sellers. i think practically, what it means for our business is

how is what ibm is trying to do different from what amazon web services, microsoft, google do? olivia: they all provide different public cloud networks with particular strengths. iszon's strength infrastructure services. cloud's strength is its customer management platform . when you see companies buying and using these clouds for different reason. ibm is trying to become the glue that will stick together or connect all of those different clouds onto one platform. you may be a company that has to use salesforce for a particular reason. up to 15 different cloud providers that all operate independently, and you have no way to bring them all together. theis hoping it can become connective tissue that aligns all of these clouds under 154 -- under one platform. the strategic move to become partners with their former competitors is what ibm actually did in the 1990's regarding the global services platform. it kind of partnered up with software providers, and allowed hardware, weour will partner with you instead of run against you. emily: a potentially huge technological transition un

at the amazon conference, you feel like amazon is leading the world in cloud. at google, you feel like they know they want to. likecrosoft, they feel they know they can and they focus a lot on the incredible reach of every single person in the world and how they can tap them with some sort of cloud service. it is hard to ignore china in that context. emily: if you cannot ignore china, what would the impact of the trade war be? this seems not to be subsiding, so if tensions remain, what does that mean? >> microsoft's strength in china has been around the cloud services. it was early in the market. amazon caught them fast. the market in china is for companies that want to go global or access the cloud services for the offerings they are providing outside china. so that has the potential to go strong, regardless of any iron curtain that might fall. emily: microsoft felt the antitrust pain in the 1990's with big antitrust hearings, but they have been largely out of the spotlight with the recent raft of hearings with amazon, google, facebook, apple all in the spotli