amazon down by 2%. alphabet, sometimes the options markets get it right, they were pricing a move up or down of 6%. stock up 6.25% after the earnings release. >>> intel reporting its second quarter results. that is another big one to get too. jackie deangelis joins us with those numbers. what do we see, jackie? reporter: connell, intel soaring because we have a beat top and bottom line. revenue 16.5 billion, surpassing the 15.7 expectation. earnings per share $1.06. that was well above the 89-cent estimate. where intel tripped up last quarter was on the guidance. it gave weaker guidance, even though beat on top and bottom line. that was a problem. this quarter raising the full-year revenue outlook, up 500 million from april. so investors are looking at that in a positive light too. before the earnings came out we saw headlines regarding apple acquisition of intel's smartphone modem business. that is in fact happening. that will happen for a billion dollars. apple is getting a majority stake in it. after

as i said, amazon up $8.40 to $2,019. amazon not set to report earnings until later next week. can't wait to see that. let's get to citigroup. citigroup kicked off the big bank names, second quarter earnings season this morning before the bell. the bank reported better than expected earnings and revenue for last quarter. now, you can see the stock is responding at the moment positively, up higher, but there was some concern that the fact that it might have a little trouble with some of the margins and trading business might ding other banks. speaking of other banks, 25 other financial institutio, jpmorgan chase, goldman sachs, wells fargo, all set to report this week along with tech names like ibm, microsoft, and netflix. we're going to be sweating it out here on "the claman countdown" but 56 s&p 500 names are set to report this week. 80 s&p companies overall have warned, though, that their second quarter financial results will be weaker than initially expected. this is hitting companies from alphabet google and apple to pfizer and adobe, micron and netflix also on the list. wi

amazon workers on strike. it is prime day but that is not stopping employees at one shipping facility in minnesota, from walking off the job about one hour ago, calling for better working conditions. more job security, higher wages. we are live on the scene with the breaking headlines. >>> a new warning after a massive blackout crippleed heart of new york city. what officials are saying today. how the mayor of the city, who wants to be president by the way is defending himself for being thousands of miles away. >>> the first hurricane of the season to hit the u.s. is making its way north where we are he can track barry's past. residents begin cleanup efforts. ashley: so much to go at. fox business team coverage. jackie deangelis at the new york stock exchange. edward lawrence as always live at white house. susan li at a amazon fulfillment center warehouse in shakopee, minnesota. we begin with you, jackie. reporter: even though these were small positive gains on nasdaq and dow, hitting records psychologically s

amazon. do you feel amazon miss treats their workers? >> i can't speak about whether or not amazon miss treats workers but the conditions in my company are becoming more and more burden some as amazon increases the pressure of the operations. >> what does that mean, in your case, because we've heard from workers here who say they have to pack a lot of goods in 16 minutes but as a pilot what does that mean for you? >> that means we have a staffing problem with the contracts that we have today we can't recruit enough pilots to stock these airplanes and amazon has really ambitious growth plans, and just getting the airplanes staffed and crewed properly in order to serve amazon is becoming a problem. >> so they're asking a lot of you. i'm just wondering do you feel that you're being paid enough to meet those expectations? >> actually we're losing pilots because we're not paid enough. if you compare the jobs we do to a company like ups or fedex and amazon clearly put themselves into that segment,

amazon. lauren: facebook said the ftc opened an investigation into them. this follows a settlement with the ftc over privacy allegations. facebook posted stronger than expected second quarter results, able to grow their user base, despite the investigations. cheryl: tesla shares, we're watching that stock in the premarket right now. the company's second quarter numbers missed the street's forecast. tesla said it is working to increase production capacity. the stock is down 10 and three quarters of a percent. also, the company said that they lost over $400 million in the quarter, despite record sales led by of course the new model 3. and then there was this, another tesla executive is pulling up stakes. chief technology officer jb strobel is leaving after taking in $30 million in share sales. lauren: more earnings today, southwest, american, 3m, durable goods orders, north korea firing two short range issues into the he sea of japan. cheryl: tracee carrasco has details. tracee: the missile fil

today. >> shares of amazon in the premarket trading slightly to the upside amazon of course wrapped up the prime day and some shoppers complaining because longer than expected delivery times because so many orders flooded the site. a data company said the internet searches for canceling amazon prime or 18 times higher on monday. that suggests that some customers just want to snatch up some discounted items without making that long term long-term commitment to amazon and the annual fee. he apparently is celebrated at the close of prime day by standing on top of the amazon spears at the company's seattle headquarters. >> the stock is up $2,000. if you only knew that when. you could've bought some. when it was under hundred and i did it. let's look at the dow and s&p and the nasdaq. weave green arrows. nasdaq up 18 and half. they trade jabs over healthcare. are they trying to woo one of the biggest fans. as i going to work. in the economy may be booming. details coming up when "fbn:am" returns. [music] this is the couple who wanted to get away who used expedia to book the vacation rental

and amazon prime day. so what has -- what started as just a day for amazon is now bigger than amazon. but we still anticipate amazon to break records next year. melissa: we are running a list of companies that have been hammering my inbox with offered. when you see things like this funny report googling cancel amazon prime membership was up 18% as people were joining to get the deal then canceling. >> we still expect to see amazon break records with the number of mimms they are driving and the number of deals they issued is much more than last year. and they are driving sales of their own branded devices, which is one of the keys to their strategy. melissa: i mountained that. when you go on prime day, the only stuff on sale is their product and i want to buy other stuff. do they make money on the whole prime thing? i get preshipping on about 5 million items during the year because of the prime thing. are they still making money on me? >> absolutely. amazon is not known for having the biggest discounts. the

‘s fulfilment centres think that amazon ‘s fulfilment ce ntres ca n think that amazon ‘s fulfilment centres can keep pace with a lot of this because productivity appears a little off? amazon has been a lead in the commerce market, that's why it has been so successful, drones of the next day delivery, we have regular issues there so we don't know which countries will allow drones first the uk is one of the markets that is trying to open up drones regulation. but i expect suddenly amazon has warehouses that have some of the most advanced robots in the same way that a british company does, amazon is improving all aspects of delivery and also moving into new markets like healthcare, luxury goods, et cetera. google, and amazon, i should say the parent company, they both have their specific set of challenges in both reporting accelerating growth, due think anti—trust probes are going to play anti—trust probes are going to play a big role in the future?” anti—trust probes are going to play a big role in the future? i do. the biggest issue for regulation right 110w biggest issue for

amazon is the enemy? before microsoft, before amazon, seattle in the '80s was a dying timber town. there was no wealth there at all. microsoft came, amazon came, they created the wealth. they created literally millions and millions of millionaires. now as you're seeing just in fact how mobile money is and the more difficulties administrators and bureaucrats make it to create jobs because seattle's minimum wage is just one example, more money not just leaves seattle but leaves america writ large. >> the positive is that the reporter said it only at the end, they are going to bellevue and will create a 40-story plus building over there. they are still focusing on washington area. to add to all of this, apple, just within the past two weeks, announce they hare doing this five-year expansion plan in the united states and specifically within seattle, i know it's not amazon, but apple announced they would be adding 2,000 jobs. hopefully that could offset some of the loss from amazon overall. i still think it's good. you have amazon investing in bellevue, they will build a light rail syst

with amazon. in one of their cases here in the state much california, they are saying we shouldn't be overregulated because all of the customers that go on to amazon are our customers. they are not reseller's customers. then in another court case they said they are not our customers, we don't want to be liable if something goes wrong with the product. we need to update the law. we are a 21st century economy. we can't let the rules of the 40s and 50s apply to this current marketplace. reporter: google is denying it has ties with china. >> it's very peculiar back ground where google is working with the chinese communist government and not with the u.s. military. so the project decision was not to work with ai with the american military but they are working with the communist chinese. the question is what in the world is going on there. reporter: google reresponsibilitied, as we've said before, we do not work with the chinese military. what about the president and the fact he says his administration

amazon changed everything. they changed it for the better and the reason, they stayed on top, because they have been able to continue to innovate. ironically, that's a risk for the stock moving forward because in order to maintain that valuation, they have to keep innovating. that's one of the reasons you are seeing, for example, amazon now enter the real estate business. this is the number one risk for these companies moving forward. lack of innovation and even more acutely, government. i got microsoft from 1999 to 2016 under the antitrust activations from the federal government, the stock was stagnant. only a government can hurt a company like that. >> you love government, don't you? >> investors certainly don't. >> to add on to your point, if you are looking at the numbers, when you talk about amazon's web services, you saw deceleration, she made the comparison to microsoft and how much growth they had but microsoft also had some deceleration, too. overall, that is what drives a lot of the profits. there was

can amazon still deliver? >> it is a good question and ask gibbon founder of nonpolitical news diagnostic and chief research officer, at ace research as well as a retail analyst thanks for joining us ladies. >> thanks for having us. i want to start with first of all did you buy anything today and do you think this a.m. disoon prime day is really going to -- stack up how it is supposed to and how it has in years past? >> you know as a new mom or gave birth about a year ago, you're certainly on amazon prime all of the time. so i'm constantly buying stuff on amazon prime for the kids, however, i think because people are -- they really push this marketing message out there so what they're trying to do especially with new prime members are people that aren't prime members yet. they want to make sure that that membership increases. so you know they have this amazon prime concert, they're really trying to go and kind of take market share away from the target customer through wal-mart mirrors. so there's that big push

amazon. there is always an amazon story and there's one today. they are going to spend $700 million to retrain about a third of their u.s. work force. now, the stock's gone to $2,022. tell me about this. susan: basically, just ahead of prime day as well, where we are expecting a worker strike at a minnesota facility for them. amazon says they will retrain about a third of their work force. that's about 100,000 workers by the year 2025. stuart: $700 million. susan: it breaks down to roughly $7,000 per worker. they are saying look, we are trying to help those that -- whose jobs might be lost because of automation when it comes to robots and facilities and deliveries, that last mile delivery. we are going to try to help those 300,000 they already employ, 100,000 will get extra training. stuart: the story is surely prime days next week, two days, and the stock is back over $2,000 a share. what more is there to this story? >> spending $700 million on retraining and they didn't have to ask for a government subsidy to do it. go figure. stuart: you would

alexa, is amazon good or evil? i like amazon. without amazon, i wouldn't exist. michelle fleury, bbc news, new york. electronics giant samsung estimates that its profits slumped 56% in the three months to the end ofjune, to $5.6 billion. but that was not as bad as expected. let's go to our asia business hub, where rico hizon is following the story. good to see you, hi there. tell us more about these numbers. well, despite the poor numbers, samsung's performance improved from the first quarter, when the company reported its lowest earnings in more than two yea rs, its lowest earnings in more than two years, and the weak earnings guidance from april to june years, and the weak earnings guidance from april tojune is basically due to the semiconductor industry recovery being delayed by the slowing global economy. you also have the us— china trade war and the export controls on huawei. the us campaign against acro to swelled the glut of memory chips in the global market, with the chinese company being one of the korean tech sector's biggest customers. as for korean

i want to ask about alphabet and amazon. first, jack brewer, jump in here. >> twitter had big plans for streaming, likely sports and gaming. fantasy sports continues to rise, legal gambling continues to rise, being able to chat amongst the platforms could be a revenue source for twitter. what's your opinion on that? >> in terms of their increasing their overall basically usage? they have soccer, they have football. they're doing all kinds of things to basically increase the number of usage in terms of time. as we mentioned before, the average user is only a couple of seconds and they're trying to get to the point where people will kind of listen for an entire game. maria: everybody wants live. >> you can work in the advertising from there. >> and gambling. maria: people want live and l gambling. >> in my opinion, that's a big area of growth for twitter to capitalize on. there's a lot of money going into gaming platforms. no social media platform has gotten their hands around the gaming side and that's what's going to control

amazon continues to be a u.s.—based amazon? amazon continues to be a us. —based company and amazon? amazon continues to be a u.s.—based company and a lot of their revenues still originate from their revenues still originate from the us. they are getting more global but they just pulled the us. they are getting more global but theyjust pulled back the us. they are getting more global but they just pulled back from china, the second—biggest market in the world. not as important as the us but ethnically growing. bao vu on amazon's prime day performance. 50 yea rs performance. 50 years ago, the apollo 11 moon landing marked a defining moment in human history and since then businesses have been looking for ways to make money from our only permanent natural satellite, and that includes mining. earlier the chief executive of japan's ispace told me about his plans. we are looking to be on the moon by 2021. we have a lunar lander and a lunar rover to explore the surface. how do you plan to make money? well, we are aiming to do business by transportation business to the lunar surface at t

amazon shares are lower after record run of earnings come to an end. something tells me it is temporary condition. jeff bezos don't care about share price. his focus is world domination. we have jackie deangelis, and rob luna. jackie, listen, i think the numbers are phenomenal we've seen so far. >> they are. even the weakest link, amazon, one of the reasons they missed they reinvested $800 million back in the company. bezos said in order to grow and deliver what we promised users the one day delivery, we need facilities in check. we, top of this. aws, that is the shining star, future. charles: that is the cloud business. >> the cloud business. growth was 37%. a little less than 41% than we saw previously but still -- charles: getting more competitive there. google for first time i notice bragging about their cloud business. before i go to rob on the investment part of this, technology accounts nine billion dollars, up 25%. fulfillment, 9.3 billion, up 17%. marketing up 48%. amazon spent the money to build the empire. they're not worried about minutia a

focus today on amazon. tell us what your experience was like there, through the context, what do you mean, they treat you like a robot. >> so when it comes it a robot it is more like that you are sort of held to robotic standards of productivity, which in my kay when i was a picker at f-8, we carried around a scan gun. it would assign you tasks. when you got, every time you scanned something to complete that task, it would immediately give you a new one. there is a bar at the bottom, that would start ticking down the seconds you had left to do it. connell: they were tracking you, you were saying the whole time? >> yeah. the thing was gps enabled. connell: amazon has responded, i will tell you what they said in a second. >> i know what they're going to say. connell: here it is, let me get to it first. i will ask you another question. for someone who only worked at amazon for 11 days, emily's statements are not an accurate portrayal of working in our buildings. we're proud of the safe work places and allegati

this amazon box is actually a cake. emily mcgwire's husband thought it would be perfect since she gets three amazon packages every week, even the shipping label was edible, featuring the address, one, two, three, four, birthday lane. that's what's happening now. deirdre: that is great, appropriate for a lot of people. lauren: only three packages a week? i've got her beat. bring on the cake. deirdre: the u.s. is set to resume trade talks with china next week. top u.s. and chinese officials meeting in shanghai for the first time since president trump and chinese president xi-jinping agreed to revive negotiations. riley walters with us now, a heritage policy analyst in asian economy and technology. riley, thanks in advance for the time. i noticed as part of the group that's going to be meeting that the chinese trade minister, who has really been absent this entire time, is going to be at the table. he's known as a hard-liner. what do you think this changes, if anything, about the conversation? >> well, with the inclusion o

a house cleaning by amazon home services, again, i keep hearing amazon. what's the difference between something that realogy is doing there versus working with me, any other brokerage because at the end of the day, we can also give credit at closing and what i know buyers want is money in their pocket, not just an amazon gift card or smart home or anything else they could just buy on their own, at their own discretion. charles: that's why i did ask ryan if there were other aspects to this, perhaps some technology help, something else. listen, their stock has gone from $52 to $5 in the last six years. so we can see that there's something in that industry, something happening that's not right. it goes beyond the sagging housing market that we have seen although, you know, when it comes to housing, we are getting reports that more and more wealthy new yorkers continue this mass exodus, they are leaving and going down to your neck of the woods. >> yeah. let's also start by saying that foreign spending is down by 36% from last year. so florida's number one wit

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

i do take a look at ebay versus amazon. year to date, ebay is outperforming amazon. if you look at the 52-week view, though, amazon is outperforming ebay by about four percentage points. we are joking about amazon prime day, you said it's 48 hours for the first time. i think there's a lot of analysts who say obviously this is good for amazon but it's also probably going to benefit target and walmart are trying pretty hard to keep pace. you can order a lot of stuff on an app on your phone, they will run it out to your car if you want. i'm not kidding. stuart: i want. i want. deirdre: why not. stuart: to immigration. nationwide i.c.e. raids in cities, new york, los angeles, rounding up illegal immigrants for deportation, but it reportedly only happened in a handful of neighborhoods. we are talking to the mayor of miami, florida. i want to know what happened in his city over the weekend. we'll be right back. ♪ - did you know that americans that bought gold in 2005 quadrupled their money by 2012? and even now many experts predict the next gold rush is just beginning. s

this is an amazon's massive warehouse here in minnesota. a handful of workers here are planning to mark amazon's prime shopping day, and annual sales event, with a strike. earlier, ispoke and annual sales event, with a strike. earlier, i spoke to one of the workers to ask him what they are protesting. we are going on strike on prime dave mainly to demand safe and securejobs on prime dave mainly to demand safe and secure jobs from amazon. the speed at which we are required to work are exhausting, sometimes leading to injuries, and people not seeing a job as a thing they can do long—term, plus with amazon's reliance on temporary workers, not having the same job security. basically we just want them to treat us basically we just want them to treat us with respect, as human beings, and not treat us as machines. for most consumers, you click a button, your package arrives a couple of days later, good prices and convenience, what is the issue here? iama convenience, what is the issue here? i am a picker, i convenience, what is the issue here? i

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

if you work in part of the corporate amazon, and if you want to retrain as an engineer, amazon will make that happen for you. even more interestingly, if you work in one of the fulfilment centres, so this is one of the basic entry—leveljobs at amazon, and you want to train as a nurse or as an airline mechanic, jobs that do not exist at amazon, they will pay 95% of the tuition fees and costs associated with getting those certificates or degrees. there is a few reasons for that. firstly, it really highlights their future ambitions, their future goals. we have heard that amazon wa nts to goals. we have heard that amazon wants to get into the plane business. they haven't got there yet but they want to do that. we know that amazon is interested in the pharmaceutical industry. they have already made some business gains in that avenue. so what they are doing is pretty impressive. they are already training a workforce that will be dedicated to amazon. now let's brief you on some other business stories. that's it for the business briefing this hour, but before we go, here are the markets. up ne

one council auld amazon's founder enemy of the city. it would have cost amazon more than $12 million a year. the rationale, amazon was driving up wages, housing prices so much it was largely responsible for seattle's homeless problem. so it should pay to build subsidized housing for poor. a venture capitalist told the city council that they are chasing jobs away. >> amazon has been unfairly blamed for challenges that we as a region experienced, that we would have experienced regardless of amazon. reporter: amazon just issued a release showing what it has done for seattle over 25-year history. $4.5 billion in capital investment. it has paid out to employees $32 billion in wages which of course is spent locally. now the company is looking across lake washington to bellview. it announced plans for a 43 story story next to twin 15-story towers. it has five other sites under development. >> city staff met with amazon. we want to make sure that they feel welcome in bellevue. reporter: clearly amazon does feel welcome over in bellevue. in fact

yes, amazon is one, as is google. these are companies who are strangling consumers' access to information and ultimately leading them to potentially make decisions that are not the best for them. liz: let me play devil's advocate. arguably, both of these companies are competing and in fact, i know for a fact both of them either started in apartments or garages, and here they are, they had the fastest runners and you are saying they shouldn't be allowed to win. >> we are saying, we are answering the question the ftc has asked, which is has technology changed the marketplace such as the rules need to change. the answer is yes. those are gigantic companies today. they represent, the two of them, amazon and google represent 60% of products searched. amazon alone represents 50% of all e-commerce. liz: people are choosing them. tell me your biggest beef. where do you feel, because you just said these names sometimes restrict access or are not allowing the consumer to have access to certain things. give me an example. >> tha

it is descending upon amazon. don't forget to download and rate and listen to my podcast, everyone talks to liz. it's on google podcast, apple podcast, fox news podcasts.com. the story today, i have already gotten so many compliments on this one and real nice feedback. "the claman countdown" is coming right back. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. 4 out of 5 people who have a stroke, their first symptom... is a stroke. 80 percent of all strokes and heart disease? preventable. and 149 dollars is all it takes to get screened and help take control of your health. we're life line screening... and if you're over 50... call this number, to schedule an appointment... for five painless screenings that go beyond regular check-ups. we use ultrasound technology to literally look inside your arteries... for plaque which builds up as you age- and increases your r

alexa, is amazon good or evil? i like amazon. without amazon, i wouldn't exist. michelle fleury, bbc news, in new york. when amazon first started, it was great for the internet age but now it isa great for the internet age but now it is a monster with too much power. sarah says, good and bad, more needs to be done if they keep growing. peter makes a good point and says it's terrible for the environment with thousands upon thousands delivering single parcels to houses day in, day out. there should be a minimum order of five parcels before you get delivery to cut the mileage, fuel and c02. surprised people are not protesting. michael says, excellent for the consumer, next—day delivery but not so good for bricks and mortar retailers and shopping areas. let's bring injeremy retailers and shopping areas. let's bring in jeremy thomson retailers and shopping areas. let's bring injeremy thomson cook. 25 yea rs, started bring injeremy thomson cook. 25 years, started from a small business selling books but now look at it. yes, you can buy anything on amazon now and get i

amazon is being moral. what did amazon do? they cut stock compensation, they cut bonuses and cut worker jobs. they have 100,000 robots now. so that's the point. you're not suddenly moral if you raise the minimum wage. you've got to look at the market impact and there is one as the cbo just noted. stuart: i don't think government should be in the business of legislating wages. it always backfires. there is always a downside. there are unintended consequences. liz: china mandates the minimum wage. they can pay a dollar an hour. there's a flipside to that. stuart: that's true. they could. look at that. the market is down 90 points on the dow industrials right now. charles, i think this is all about the fed. there seems to be some disappointment that maybe the federal reserve won't drop rates 50 basis points at the end of this month. we have had people on the show saying they aren't going to cut rates at all. what say you? charles: i think they will. i think jay powell has sort of backed himself into the corner talking about an ou

i think they have to understand that amazon's amazon. they can pick up kind of the rest of it if you will. dagen: which retailer does the best job riding on amazon's coat tails. walmart would be the obvious one. >> i would say walmart. i would say target has done a phenomenal job. they're using retail stores more than a lot of other retailers will use them because of the sortments. -- assortments. a lot of retailers are using the actioam xiom if we take the stot of the h equation, we reduce co. >> i'm a regular amazon prime shopper. i didn't know it was amazon prime day. are they advertising -- i mean, how come i didn't get an e-mail about this. you have to turn on "mornings with maria." are they advertising this in a way i'm missing. >> good question. i've been getting hit. they've been blitzing me over the last several days, weeks. the big announcement was june 25th where they announced exactly when it would be. you kind of knew if you're an amazonophile. then they hit you with it's going to be 48 hours this year instead of 36. they ma

he's offering things that have nothing to do with amazon. if you are a worker at amazon and you want to go take a nursing degree there, you can do that. charles: see, most businesses would be afraid of losing employees as they enhance their skills. i think that's where the issue is. we've got 7.34 million jobs out there. deirdre: we talk about this a lot, that are unfilled every single month. this is sure a great way to attack that. human psychology is so interesting. there has been so many studies on this. people are actually very loyal to companies that allow them to grow and improve their education. they are more loyal than companies -- to companies that don't invest in their people whatsoever. this is clever on many, many different levels. in theory, it lets amazon retain more of its work force which is cheaper for them. it makes the people who are there more motivated and also lets the people actually be more skilled. for example, they were saying people who work in the warehouses, you mentioned bernie sanders criticizing, they need to

david shuckman, bbc news, in the amazon. the wimbledon tennis tournament is under way and 15—year—old cori gauf has caused a major shock by beating former champion venus williams. the american teenager beat her 39—year—old opponent in straight sets. she's the youngest player ever to qualify for the main draw. a reminder of the top story: a tan scum has descended on hong kong hours after police fired tear gas. ——a hours after police fired tear gas. —— a tense calm. you're watching bbc news. hello again, we are in the middle of quite a quiet spell of weather, really. looking at the week ahead it will be dry. there would be a few subtle changes, mind you. the satellite picture is quite interesting where cooler atlantic air is meeting the extreme heatwave. we have these massive thunderstorms that have developed. there is a risk of damaging winds, flash flooding, even large hail, but we also have some thicker cloud working into scotland and northern ireland at the moment and that will continue to provide the focus

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

dragging amazon into the mess. that and so much more on "making money". ♪ charles: the fed kicks off the two-day meeting, the president has a message, start cutting. >> i would like to see a large cut and i would like to see immediately the quantitative tightening stopped. >> quarter point enough? >> then to have done quantitative tightening, also higher interest rates simultaneously, i think was a big mistake. charles: while the fed is expected to cut rates a quarter basis point president trump's unrelenting pressure on the central bank comes as the american consumer continues to hold up the economy. consumer confidence surging to 135.7. keep in mind that versus an estimate of 125. here to break it down, bellpointe chief strategist david nelson and author of the up side of inequality, ed connor let me start with you, david. first of all, the fed tomorrow, what do you see happening? >> it will be 25. this is the worst-kept secret in a long time. if you cad me the question i might have gone with nothing as the eco

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

to answer some of those questions we have amazon's senior spokesperson, the head of amazon operations pr, we have ashley robinson to join us to answer some of these questions. what do you make of their claims? >> look, it is prime day, which is great for amazon but it has become an event our critics like unions and politicians have used to raise the visibility much their cause and in some cases to increase their membership dues. and the fact of the matter is, they have a business cause to conjure misinformation about amazon and we, we provide the things that they are already reporting are their cause. we provide industry leading benefits. we provide safe working conditions. we provide great opportunity for career mobility and we think a lot of people protesting outside if they do show up are simply not well-informed what goes on here port the to you don't think a lot of staff members will walk off the job in protest and they want full-time jobs? >> i am confident majority of our employees will work business as usual. they're excited about prime day. there is a lot of energy going on h

but today is amazon prime day. tomorrow will be amazon prime day as well, and there are these protests all across the country. legitimate at this point? or is amazon just being targeted here? >> it's both, right? not one of these things that has to be one or the other. certainly there's an opportunity for employees who have been denied reasons who have legitimate complaints about their working conditions, who have legitimate complaints about the waps treats employees to say all eyes on amazon right now and we'll take this opportunity to stage job protests and make our voices heard but as i wrote about last week, in the axios market newsletter, you're seeing this pushback to the minimum wage hikes all over the place. walmart employees, target employees when they got minimum wage increases they said this is nice but not enough. we haven't gotten a raise in 10, 15, 20 years and now you want to give us an extra dollar more while we see booming profits coming from the company we deserve a bit more so i think you'll see

if you work in part of the corporate amazon and if you want to retrain as an engineer, amazon will make that happen for you. and even more interestingly, if you worked in one of the fulfillment centres, this is one of the basic entry level jobs at centres, this is one of the basic entry leveljobs at amazon, and you wa nt to entry leveljobs at amazon, and you want to train as a nurse or airline mechanic, jobs that do not exist at amazon, they will pay 95% of the tuition and fees and costs associated with getting those certificates or degrees. associated with getting those certificates or degreeslj understand certificates or degrees.” understand the first bed because people develop within the company but why the second was the rationale? the rationale for getting them to train as nurses and mechanics, love, few reasons. one, it really highlights their future ambitions, and goals. we heard amazon wants to get into the plane the business they haven't got there yet but they want to. we know they are yet but they want to. we know they a re interested yet but they want to. we know they are i

it's not amazon or apple — but microsoft. and it has just proved again why it is the world's most valuable publicly traded company. injust three months, this giant brought in almost $34 billion in revenue. about the same amount as the value of cyprus‘s entire economy. and unlike a number of the tech giants, this company is actually making money. lots of it. in fact, $13 billion of profits. how? office software and cloud computing are proving to be the big money—spinners for microsoft. the likes of microsoft 365 and the azure business in particular. what's powering all of this? an unexpected rise in the number of new desktops and notebooks being sold around the world. they're up by almost 5%. why? companies are trying to replace old machines still running on windows 7 before support for the software expires next year. there's also the fear that this could be a much more costly investment in the future if trade tariffs rise. all of this has helped the company cement its place at the top of the wall street tree. you can how

with the tax you could hold of the huge amounts of money that the likes of facebook and google and amazon and the like are making out of non—american companies. it is all coming together. it has been a long—standing problem for these digital web—based companies and they haven't got much infrastructure in oui’ haven't got much infrastructure in our country. they generally have headquarters in places that are somewhere like dublin with local fresh and tax rates and we don't see much if any of the tax revenues. for cbr earning hundreds of millions so it's a bit of a scandal. the only problem with what is going on here is that it will look like a direct attack on american large companies like google, like those amazon and so like google, like those amazon and so forth, you do worry that this is going to start some kind of trade war because it does seem quite apparent that president trump isn't averse to putting up tariffs if he feels in any way a tax like that.” think that made the point of, do that and it will be tariff. there will be a price to pay. the other point being made by t

i know longer own amazon. liz: no longer own amazon you sold those shares we'll get to why but first to pace book. tell me what you thought of this fine. $5 billion. you know, it was interesting to see when you have to come out and announce it the gentleman who was in charge said that the $5 billion fine equals 9% of revenue. now facebook is about 50 billion in revenue. was that enough? i heard people say it was a slap on the wrist and others say well that'll cause a mark. >> yeah i'm in the camp of the latter that it causes a mark. 9% of revenues for most people is the difference between growth for the year and no growth. obviously facebook has had robust growth, but trust me, it got their attention, but i wouldn't be surprised if there is one, it is much much bigger. liz: did it serve as an important deterrent in any way, shape, or form? >> i think it did. i think it is one of the biggest fines ever given despite the fact they do have 50 billion of revenue and the fact that mark zuckerberg is personally acco

amazon, everyone points to amazon as the bold case for netflix. neil: but netflix isn't building a structure as much a lot of stuff to for people to watch. it is very different than amazon building you know a infrastructure that would support all of this. >> amazon is leveraged? >> i don't know that. >> i don't think so. >> they have been, amazon can make a lot of money if they want to. >> right. anytime, turn on the switch. >> problem with netflix they have off-balance sheet long term obligations. this company, you you 2011, 2012 like a ferrari. reed hastings is genius. they got the company moving quickly. today they don't have the luxury. they have committed to content. neil: are they raising prices? >> they are trying to. it is tough. the bull case from here, that unit adoption where it is, that we will continue to raise prices aggressively. our work suggests, once you get over $10 a share, $10 a month for streaming service, when price sensitivity, consumer kicked. this quarter we -- >> i can't figure it out. i can't find anything. >> there is

do you get your music streaming through amazon if you are a member of amazon prime? you can extend your services into that. as with all of these companies, they are trying to broaden their offering to keep you within one particular sphere and not transposing you into some of the other technology giants. it's such a massive market, there is room for everyone. indeed. the whole music industry has changed immeasurably. we offer certain age where we would have bought our music in different ways. what is on your amazon or spotify or apple music?- the moment i've been listening to british group bastille. in our house, my boys are crazy about queen. they saw bohemian rhapsody. is the next generation coming through! my little girl wants listened to notorious big. will say no more. that's it from business live today. good morning. quite an messy picture, a lot of cloud around. the focus this afternoon on thundery showers especially in eastern scotland. low pressure moving into scotland, it's quite messy at the moment. lots of cloud with outbreaks of rain. a lot of the rain cl

many amazon workers striking today, protesting on one of amazon's biggest shopping days. susan li is in shoco -- is in s shshakopee, minnesota. they are walking off the job on one of amazon's busiest days. what they are protesting are better work conditions and alleviating some of these stressful hourly packing quotas. >> it's a very difficult place to work. it's a tough job. it's very physical. it can be very boring. and there are things amazon could do to improve those conditions. reporter: amazon contends this walkout is opportunistic. >> with unions it increases their membership dues. it works within their favor to conjure information about our working conditions. the fact of the matter is we already offer things that these organizations purport. we offer great benefits and opportunities to succeed. reporter: elizabeth warren of massachusetts tweeted out, i fully support amazon's workers' prime day strike. bernie sanders says higher wages is just part of the equation. liz: prosecutors say he is an extraordinary flight risk. but attorney for jeffrey epstein is telling

david shukman, bbc news, in the amazon. the final footage of eight international mountaineers who were killed by an avalanche while climbing india's second highest mountain has been released by the indian authorities. four climbers from the same expedition survived after turning back due to bad weather, but the remaining team members died during their ascent of nunduh davey. gareth barlow has more details. these are some of the last recorded moments from the ill—fated expedition. the eight mountaineers roped together for safety, walking slowly as they attempt to scale the peak. shortly after this, the footage ends. an avalanche, a common thread on snow—covered mountains, swept the climbers to their deaths. as members of the team who were sent to retrieve the victims loop was bodies we re retrieve the victims loop was bodies were recognised for their efforts, the leader of the rescue operation called for more climbers to carry cameras. i think it should be mandatory for all high—risk mountain climbers, all members shou

this is happening all over the amazon, to create new farmland. the result is that the great forest has never been under such pressure. the us vows to keep up maximum pressure on iran, after it exceeded the agreed limit on its stockpile of enriched uranium. we start in hong kong, where protesters yesterday broke into the legislative council building. the chief executive of hong kong, carrie lam, used a news conference in the early hours of the morning to condemn the protesters. my colleague karishma vaswani has been following developments in hong kong. in the early hours of this morning we heard from the chief executive, carrie lam, who held a news conference to condemn the violence. she said the protesters disregarded the rule of law which is so cherished here in hong kong. those protests coincided with the 22nd anniversary of the handover of power from the uk of hong kong to men than china and against a backdrop of continued unrest over an unpopular d raft continued unrest over an unpopular draft bill, the extradition bill, which if it had passe

also in the programme... delivering a blow to amazon on one of its biggest days of deals — workers in the us target prime day with a strike over pay and conditions. markets in europe have started on a positive note as we begin a busy week for corporate earnings. and the internet may make it easier than ever for firms to go global, but how do they stand out from the crowd. is it all about getting a boost in the search engine rankings? we'll speak to the founder of one firm hoping to offer small business a helping hand. after a thrilling weekend of sport with the winners taking home millions — we want to know what can be done to invest in tomorrow's champions? are elite sports off—limits for young talent if they don't have wealthy backers? let us know, we'll discuss a little later — use the #bbcbizlive. hello and welcome to business live. let's catch our breath after that crazy day of sport and sunday and talk through what is happening in china. it grew at its slowest pace in almost three decades in the three months to the end ofjune as it continues to feel the impact of the trade

david shuckman, bbc news, in the amazon. the german and british foreign ministers have called on iran violation of the 2015 nuclear deal, as gareth barlow reports. european countries climates are called today runs who adhere to its commitments. the landmark 2015 nuclear deal violated, an uncertain future ahead. the secretary general is very much aware of the reports that the islamic republic of iran are may have surpassed itsjcpoa limits ona are may have surpassed itsjcpoa limits on a you reached —— enriched uranium. the plan was left in jeopardy after the united states walked away last year, donald trump, having branded it a horrible, laughable, outrageous deal. he said iran was playing with fire. they know what they are doing, they know what they are playing with and i think they are playing with fire. so no message to iran whatsoever. ever since there was pulled out of the agreement, iran, with its economy crumbling under american sanctions has look to europe to keep the deal alive. that message repeated once more. ca

david shuckman, bbc news, in the amazon. let's return now to our top story,o ur reporter nick beake —— our, was on the scene at hong kong's parliament when police entered the building. hundreds of protesters ransacked the building overnight. here's some of his reporting after he made it inside. this is the place where thousands of protesters today took siege, putting up barricades. you can see the graffiti on the wall. they were here, trying to break into different entrances. let's see if we can take you just inside. let's go through here, danny. this is one of the government buildings, normally it would be a highly secure area. it's been completely trashed. for instance, there, the whole place has been ripped apart. if we go into one of these other entrances, this is where the place where politicians, the people who make the decisions in this city would be coming to work every day. and if we just take you inside, this is where some of the protesters went through. there is an eerie silence and there isa there is an eerie