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Jul 21, 2019
07/19
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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
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...
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Jul 20, 2019
07/19
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amazon tweeted it was the biggest 24-hour sales day in amazon history, at least day one. we are still waiting on final numbers. there were some shoppers complaining that they were seeing technical glitches. there was a spike in searches -- spike in service for canceling amazon prime. so, presumably some of those people bought some things and wanted to cancel. what is the verdict so far, 36 or so hours? brad: sitting back and watching prime day, you have to marvel at what a marketing event they have concocted out of thin air. they created a holiday season in the middle of the summer. a holiday season brings with it a lot of problems. you've got porch pirates. you've got disappointed customers. all sorts of things, the frenzy. overall, you have to sit back and admire the company for bringing itself to a peak season in the middle of the slowest time of year, right? they have created a frenzy where otherwise it would not exist. they not only have done it themselves, but brought the rest of the online retail industry with them. you see everyone else offering sales as well. can
amazon tweeted it was the biggest 24-hour sales day in amazon history, at least day one. we are still waiting on final numbers. there were some shoppers complaining that they were seeing technical glitches. there was a spike in searches -- spike in service for canceling amazon prime. so, presumably some of those people bought some things and wanted to cancel. what is the verdict so far, 36 or so hours? brad: sitting back and watching prime day, you have to marvel at what a marketing event they...
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Jul 5, 2019
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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
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...
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Jul 17, 2019
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to favor amazon products? >> our algorithm aims to predict what customers want to buy. we welcome now from washington, david, he served as the policy director of the bureau of competition of the fcc. welcome, good to have you with us. you heard one of the exchanges where you heard lawmakers say you have too much power and you are abusing it in your the tech people say no. is there too much power, too much concentration in big tech today? >> from a competition perspective, power has to be defined in terms of a specific market. you look at the example of amazon, they are in intensive -- intensely competitive retail market. they the relatively small market share. it is important not to look just at size. what amazon and some of these other competitors do is they help make the market more efficient by eliminating middlemen, by having greater at -- access for consumers and ultimately leading to lower prices. necessarily something you need to be concerned about. david: the definition of the market is critical here.
to favor amazon products? >> our algorithm aims to predict what customers want to buy. we welcome now from washington, david, he served as the policy director of the bureau of competition of the fcc. welcome, good to have you with us. you heard one of the exchanges where you heard lawmakers say you have too much power and you are abusing it in your the tech people say no. is there too much power, too much concentration in big tech today? >> from a competition perspective, power has...
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Jul 16, 2019
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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
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...
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Jul 26, 2019
07/19
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amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red. and you saw but yields go up again. that's because he says there is no crisis. he sees it coming back to the economy once these man-made problems, as he describes them, are solved. meaning once the char not u.s. -- u.s. china trade war is over, he sees it coming back to germany. investors were relieved and started letting go of the paper, yields rising. look at the stoxx situation. we don't see futures falling here. but we do see asian stocks coming down. we have cac and dax futures up a little, ftse futures down, but relatively little c
amazon forecasts income below expectations. alphabet and intel jump in late trading after beating expectations. good morning. matt: good morning to you, less than a half-hour hour to the start of trading. take a look at the bunds. this is something i was talking about. you saw a reversal in the bond yields. as we were heading into the ecb meeting, yields were coming down. investors were looking for the possibility of a cut. then we interviewed the german finance minister where i circled in red....
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Jul 17, 2019
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samee does not have the assets that amazon has. amazon kind of splits the difference. we can talk about their of as a platform player, but the thing that makes the money is amazon web services. so the effectiveness of that business is not necessarily to do with their platform, it is the things on top of it. anna: thank you very much. let's get to our top stock stories. annmarie hordern has the movers. annmarie: good morning. this is the biggest gainer on the stoxx 600, up more than 15%. , biotech technology company boosting revenue forecasts for the entire year. asml, they are to the upside. coming out of global growth slowdowns. pretty much unscathed after second-quarter results. while they are forecasting third-quarter sales trailing analyst estimates, they're keeping the outlook -- 2019 outlook the same. to the downside, down more than 2%. it is the biggest silver miner, cutting production forecasts for the year. we have not seen the stock drop that much since april. matt: thanks very much. i want to offer a sincere apology. you may notice we are experiencing some t
samee does not have the assets that amazon has. amazon kind of splits the difference. we can talk about their of as a platform player, but the thing that makes the money is amazon web services. so the effectiveness of that business is not necessarily to do with their platform, it is the things on top of it. anna: thank you very much. let's get to our top stock stories. annmarie hordern has the movers. annmarie: good morning. this is the biggest gainer on the stoxx 600, up more than 15%. ,...
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Jul 26, 2019
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amazon's take on nasdaq you see futures rising. let's check in on the markets in asia, with juliette saly, in singapore. juliette: a bit of a risk off session in asia, ahead of the u.s. gdp later. we got industrial production numbers here in singapore, a beat, rising 1.2% in june, first is estimated 0.8% drop. about 0.6%, yen steady at 108. indian stocks fluctuating on earnings coming through, but elsewhere it is very risk-off, and australian stocks off near all-time highs. the kospi down a third session in a row. i want to focus on stocks in japan. we heard softbank will launch a second division fund, with -- vision fund, with $108 billion in funding, including with partners, the likes of apple. this investment, daiwa securities, is likely to boost earnings. bloomberg opinion says masayoshi son has a lot to do with the second fund, because there aren't many didis, grabs, ubers to find with this new investment round. tokyo, on the close in with a 99% plunge in first quarter profit, doubling the jobs it will cut to 12,500. no surpri
amazon's take on nasdaq you see futures rising. let's check in on the markets in asia, with juliette saly, in singapore. juliette: a bit of a risk off session in asia, ahead of the u.s. gdp later. we got industrial production numbers here in singapore, a beat, rising 1.2% in june, first is estimated 0.8% drop. about 0.6%, yen steady at 108. indian stocks fluctuating on earnings coming through, but elsewhere it is very risk-off, and australian stocks off near all-time highs. the kospi down a...
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Jul 25, 2019
07/19
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let's take a look at those amazon results first. how important is growing at sales to their growth and outlook? >> that was one area that was actually pretty strong for them. we saw about a 37% year-over-year increase in terms of their other revenue category, which is basically their ad actually, that was even though the quarter was interpreted as being somewhat negative because they missed on the bottom line, that was actually part of the report that was actually very strong, so that is encouraging that they are continuing to garner more of that online advertising dollars because we saw great numbers earlier this week from facebook and snap in that same space. call: that's the encouraging side of the picture, but amazon has had to defend its story around this one-day delivery. how is that cutting and profitability, and does -- is amazon's story believable going forward that this is the way to go? >> it's not really much different than we have seen from amazon over the years. they came out, said they are going to spend $800 million
let's take a look at those amazon results first. how important is growing at sales to their growth and outlook? >> that was one area that was actually pretty strong for them. we saw about a 37% year-over-year increase in terms of their other revenue category, which is basically their ad actually, that was even though the quarter was interpreted as being somewhat negative because they missed on the bottom line, that was actually part of the report that was actually very strong, so that is...
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Jul 26, 2019
07/19
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amazon misses estimates and disciplines forecasts. amazon web service also comes short. deskn secretary of state secretary of state mike pompeo says he is willing to travel to tehran. and, the e.u. immediately rejects ellis johnson's demand for a better brexit deal. jean-claude juncker says the current agreement is the best and the only two possible. good morning everyone, good afternoon if you are watching from asia. this is? >>? > "bloomberg surveillance," i am francine lacqua in london. >> shares are moving higher by more than 7% for vodafone, spinning off their european business, saying that they might ipo. still, it will be officially super and entity in may of 2020, so we are seeing big gains. kering is on of the bigger losers unlike vodafone, dropping 7%, on track for the biggest loss since 2018. it is all about gucci, gucci is not so gucci anymore. sales flatlining after three years of breakneck pace. some of the comes are difficult. analysts are still bullish on the stock despite the sum of today. finally, anglo american had. positive earnings yesterday but toda
amazon misses estimates and disciplines forecasts. amazon web service also comes short. deskn secretary of state secretary of state mike pompeo says he is willing to travel to tehran. and, the e.u. immediately rejects ellis johnson's demand for a better brexit deal. jean-claude juncker says the current agreement is the best and the only two possible. good morning everyone, good afternoon if you are watching from asia. this is? >>? > "bloomberg surveillance," i am francine...
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Jul 13, 2019
07/19
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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
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...
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Jul 26, 2019
07/19
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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
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...
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Jul 12, 2019
07/19
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a high and amazon made speaker for music listening. taylor: every time we get excited about a new product launch, amazon announces an upgraded product. can you put this into perspective you echo -- perspective? towe are not expecting them reveal this product into next year at the earliest. be some minoro upgrades to the existing echo and the echo show with the screen. basic echoes without for sound quality. a key thing next year. the robot will be a year after that. things are going slowly but it is still happening. romaine: let's talk about the robot. this is the most exciting. robot that waser made a year or two ago. i'm told the amazon robot is similar to that one. is that right? >> right. a lot of players are trying to enter the robotics space. if you think about consumer products in the home, it is the rumba. doing with this? it is basically an echo three feet high, the same capabilities of an echo. on top ofop things it. you want to send a drink over, you can you -- you can have it come to you and set it down and it has high-tech
a high and amazon made speaker for music listening. taylor: every time we get excited about a new product launch, amazon announces an upgraded product. can you put this into perspective you echo -- perspective? towe are not expecting them reveal this product into next year at the earliest. be some minoro upgrades to the existing echo and the echo show with the screen. basic echoes without for sound quality. a key thing next year. the robot will be a year after that. things are going slowly but...
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Jul 18, 2019
07/19
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amazon's financial future may be in the cloud. mullins.ve with scott let's get a check on the major averages. it sure did look as though it was earnings and not trade talks driving the action today. we check out the averages, and we can see it is pretty lackluster. s&p 500 off the lows of the session, we are seeing a couple key pockets of moves up and down based on earnings. philip morris with 8% at one point. we did see a rate from the philly fed factory surging. financials were up. consumer staples were up across the broad market. here is one we are watching to give you a sense. that is netflix. declineot seen a sharp since the court where it split its two businesses, the online streaming and the dvd. this is a two day look at it. and almost 12% decline. as a $15 billion drop in market value. as it dropped u.s. customers amid new competition and how much it is pending. shery: i'll focus this week has been on the earnings coming out of the u.s.. in the backdrop of this recent rally that we have seen, before the reason losses this
amazon's financial future may be in the cloud. mullins.ve with scott let's get a check on the major averages. it sure did look as though it was earnings and not trade talks driving the action today. we check out the averages, and we can see it is pretty lackluster. s&p 500 off the lows of the session, we are seeing a couple key pockets of moves up and down based on earnings. philip morris with 8% at one point. we did see a rate from the philly fed factory surging. financials were up....
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Jul 19, 2019
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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
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...
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Jul 25, 2019
07/19
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alphabet and amazon earnings after the bell. what to expect and the numbers you need to know ahead of that, when we come back. this is bloomberg. ♪ this is bloomberg markets. i'm shery ahn in new york. amber: and on amber kammer into rocco -- in toronto. onslaught ofe an regulatory scrutiny and including a $2 billion charge tied to its ftc settlement, the social media giant still reported better-than-expected second-quarter earnings and revenue after an initial advance. shares are now down over 2%. for more insight, let's bring in our senior equity analyst. he has a hold on facebook. great to have you with us. so investors did like what they saw in the performance of facebook. they don't like the regulatory environment at the moment. does the stock price right now reflect that environment? so, actually. it is pretty much the regulatory environment, the additional costs that facebook can incur because of that will keep the stock down. i think it will limit the upside to the stock, and it is trading pretty much where we valued i
alphabet and amazon earnings after the bell. what to expect and the numbers you need to know ahead of that, when we come back. this is bloomberg. ♪ this is bloomberg markets. i'm shery ahn in new york. amber: and on amber kammer into rocco -- in toronto. onslaught ofe an regulatory scrutiny and including a $2 billion charge tied to its ftc settlement, the social media giant still reported better-than-expected second-quarter earnings and revenue after an initial advance. shares are now down...
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Jul 20, 2019
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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
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...
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Jul 26, 2019
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amazon missed earnings expectations. amazon missed the consensus were like eight or nine straight quarters, it went through the moon. amazon is on an island. presidentgoing to trump, who is speaking at the white house. american wines: are great. thingidn't do the right when they start taxing our companies. we tax our companies. him, i said don't do it. we are working on that right now. i just spoke to him. i have a good relationship. they shouldn't have done this. they are used to taking advantage of the united states. donek at deals that were with other presidents in this country, and it it's a disgrace countries have allowed this to happen. from $300 was making -- $500to $5 billion billion a year, now we are taking in billions of dollars from china, and it is all turning around. try -- i don't think personally china would sign a deal. would say let's wait, maybe trump would lose it. like the people who allow these deals to happen. i blame the united states for allowing that to happen. if iran wants to make a deal, i ca
amazon missed earnings expectations. amazon missed the consensus were like eight or nine straight quarters, it went through the moon. amazon is on an island. presidentgoing to trump, who is speaking at the white house. american wines: are great. thingidn't do the right when they start taxing our companies. we tax our companies. him, i said don't do it. we are working on that right now. i just spoke to him. i have a good relationship. they shouldn't have done this. they are used to taking...
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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
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...
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Jul 17, 2019
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she plans a formal investigation into amazon. >> amazon has this dual role. they are hosting businesses but also competing in the very trade they do. so now we are looking into their use of data to see if this is done in a fair way or if there will be a case for us. >> north korea is likely suffering its worst downturn since the 1990's when it battled floods and famine. that may have lost as much as 10% of its population. the bank of korea estimating if ,ontracted by 3.5% in 2017 leaving the economy roughly the same size as the u.s. state of vermont. and bill gates, never ranking lower them number two in the seven-year history of the bloomberg billionaires index, until now. he has been taken over by lvmh is bernard arnault, company shares rising to a record and pushing his net worth to $107.6 billion, more than 200 million ahead of gates. global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. nejra? nejra: thank you so much. let's kick it off with trade a
she plans a formal investigation into amazon. >> amazon has this dual role. they are hosting businesses but also competing in the very trade they do. so now we are looking into their use of data to see if this is done in a fair way or if there will be a case for us. >> north korea is likely suffering its worst downturn since the 1990's when it battled floods and famine. that may have lost as much as 10% of its population. the bank of korea estimating if ,ontracted by 3.5% in 2017...
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Jul 26, 2019
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alix: we have twitter, google, amazon. to me, one of the biggest takeaways is these guys are going to keep spending money. it depends if you want to pay out for that are not. evan: that's right. it's hard to find growth in this market, especially within economy that is only so-so. these companies will keep spending. there will continue to be flows into these companies until something breaks. we are keeping a close eye on some of the doj and regulatory stories happening, but those are over a very long timeframe, such that we think these companies in the meantime can still do quite well. david: i thought that the earnings report from amazon was basically jeff saying, trust me. bezos saying,eff trust me. paul: there's no ceo who is established more trust with the market place than jeff bezos. for more than a decade, he's said we are going to spend money to make money. we are going to make profits in the future. don't worry about it. that's really going to drive our topline growth, and we will turn on the profits later. of cou
alix: we have twitter, google, amazon. to me, one of the biggest takeaways is these guys are going to keep spending money. it depends if you want to pay out for that are not. evan: that's right. it's hard to find growth in this market, especially within economy that is only so-so. these companies will keep spending. there will continue to be flows into these companies until something breaks. we are keeping a close eye on some of the doj and regulatory stories happening, but those are over a...
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Jul 30, 2019
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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
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...
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Jul 5, 2019
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putay, amazon said it would $507 million in deliveroo. spurnede bond investors by credit derivatives at the end of last year are increasingly willing to test out alternative ways to cut their risk. here to explain why they are looking into that is our credit reporter. set you up nicely. no longer credit derivatives? >> a big problem right now is in you are looking at a credit investor, these derivatives are not matching the airport only does. that can create a lot of issues especially when you think back to late 2018, we had that blowup at the end of the year and those derivatives or not effective hedges. a lot of investors are looking for alternatives. maybe looking for an etf bacon short or long. others like total return swaps as well. taylor: we have learned a long time that credit derivatives do not always follow hundred percent bonds. >> hedging is really popular again. we have this year were investment high-grade and investment are up 10%, you have these trade war issues. investors are looking to cut their risk. it is more relevant
putay, amazon said it would $507 million in deliveroo. spurnede bond investors by credit derivatives at the end of last year are increasingly willing to test out alternative ways to cut their risk. here to explain why they are looking into that is our credit reporter. set you up nicely. no longer credit derivatives? >> a big problem right now is in you are looking at a credit investor, these derivatives are not matching the airport only does. that can create a lot of issues especially...
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Jul 25, 2019
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all of amazon profits. so it is actually greater than retail now. >> trying to take a bite out of market share, and the big guy oracle microsoft et. great to have you this morning. thanks so much. >> thank you. john freeman coming up democrats divided but maybe not for long what to expect from nancy pelosi meeting with congressman alexandria and numbers after the break. $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. no matter what you trade, at fidelity don't miss your gto experience our most advanced safety technology on a full line of vehicles. now, at the lexus golden opportunity sales event. lease the 2019 es 350 for $379 a month, for 36 months, and we'll make your first month's payment. experience amazing. welcome back i'm maria bartiromo and it is thursday july 25th your top stories right now, 23u6 30 a.m. on east coast first full day on the job for a new u.k. prime minister, boris johnson meeting with his new cab
all of amazon profits. so it is actually greater than retail now. >> trying to take a bite out of market share, and the big guy oracle microsoft et. great to have you this morning. thanks so much. >> thank you. john freeman coming up democrats divided but maybe not for long what to expect from nancy pelosi meeting with congressman alexandria and numbers after the break. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per...
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Jul 22, 2019
07/19
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amazon is the one that has both. microsoft -- does that make it different in terms of future growth? michael: it absolutely does. it is well run. the ceo has done a tremendous job. we know the cloud is an ever-growing segment of the market and an ever-growing segment in business. microsoft is here to stay. they have missed the mobile revolution but they are not missing cloud. the fact that i think they belong in faam and the market is rewarding them. these four stocks had 20% of the gains. the market is rewarding china tech companies because they are great stories. these are real companies. david: they are great stories. james and michael, thank you both for being with us. singapore's sovereign wealth fund expands its u.s. holders -- its u.s. holdings. we will speak about how trade issues may affect foreign portfolios. this is bloomberg. ♪ viviana: i'm viviana hurtado in the hewlett-packard enterprise greenroom. coming up later today, jason furman. here is your bloomberg business flash. state media in china hitting
amazon is the one that has both. microsoft -- does that make it different in terms of future growth? michael: it absolutely does. it is well run. the ceo has done a tremendous job. we know the cloud is an ever-growing segment of the market and an ever-growing segment in business. microsoft is here to stay. they have missed the mobile revolution but they are not missing cloud. the fact that i think they belong in faam and the market is rewarding them. these four stocks had 20% of the gains. the...
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Jul 17, 2019
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it's official, european regulators are investigating amazon. they're going to look at whether amazon's use of other merchants' data breached eu rules. it will focus on amazon's standard agreements with marketplace sellers and whether the company uses their data unfairly. amazon says it will cooperate. there was a hit in the stock this morning. it is slightly lower in the premarket right now. taking a look at shares of qualcomm, they are actually moving higher in the premarket, more than 5 and-a-half percent right now. the justice department asked a federal appeals court to pause the enforcement of an anti-trust ruling. justice department says it would be impossible to replace qualcomm's role in 5g technology in the short term. back in may a judge ruled qualcomm engaged in anti-competitive patent licensing practices and ordered the company to license its technology to rival chip makers. we'll see where the court case goes now. in honor of the the 50th anniversary of the apollo 11 mission to the moon, the washington monument is looking more like
it's official, european regulators are investigating amazon. they're going to look at whether amazon's use of other merchants' data breached eu rules. it will focus on amazon's standard agreements with marketplace sellers and whether the company uses their data unfairly. amazon says it will cooperate. there was a hit in the stock this morning. it is slightly lower in the premarket right now. taking a look at shares of qualcomm, they are actually moving higher in the premarket, more than 5...
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Jul 23, 2019
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you go on amazon, we will find you and agent. alix: once you get the house, you have a free moving benefit, deep cleaning, a handyman to install your pictures and shelves. david: and then alexa can listen to you. dwyer willg up, tony be joining jonathan. ♪ 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. jon: from new york city, i'm jonathan ferro. the countdown to the open starts now. coming up, equities continuing to grind higher. the dollar stronger for a third straight session. the ecb rate decision, the next stop for this market. boris johnson will be the next british prime minister. good morning, good morning. here is your tues
you go on amazon, we will find you and agent. alix: once you get the house, you have a free moving benefit, deep cleaning, a handyman to install your pictures and shelves. david: and then alexa can listen to you. dwyer willg up, tony be joining jonathan. ♪ 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,...
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Jul 27, 2019
07/19
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>> we have certainly seen amazon and other large retailers that are taking advantage of the urgency that the consumer wants. the consumer today wants whatever they order to, whichever mode, it doesn't matter. but at the time that they want. so they have much more control over it and a lot of these large -- have led the way but something anticipated and we've ordered 44 additional aircraft over the five-year period to make sure we have the capacity. maria: the story of the transformation of ups. it has been real positive.you have been overseeing that. where are you in that process? >> we are right in line with where we wanted to be. we decided a few years ago and this is not the first time ups has had to transform. we started as a messenger service in 1907 in seattle then the -- we've done it for five times. we've had such a good career and we are so proud of our legacy. but we knew that to have continued success like we have had in the past, we have to be willing to change with the times and so this transformation doesn't have a beginning, it doesn't have an end. it's a continuous transf
>> we have certainly seen amazon and other large retailers that are taking advantage of the urgency that the consumer wants. the consumer today wants whatever they order to, whichever mode, it doesn't matter. but at the time that they want. so they have much more control over it and a lot of these large -- have led the way but something anticipated and we've ordered 44 additional aircraft over the five-year period to make sure we have the capacity. maria: the story of the transformation...
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Jul 28, 2019
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one of the takeaways from this amazon result? >> spending is back at amazon. they told us last quarter they will be spending some $800 million on trying to turn their two-day delivery pledge into a one-day delivery pledge and it indicated to investors it is going to continue at least for the next two quarters, rolling it out in the u.s. and internationally to try to increase the speed of delivery and integrate growth in the core retail business. >> t-mobile has won the u.s. nod for the sprint sale, merger included. does it mean they can go ahead with the deal? >> pretty much. they still have some stakes they need to be in front of and make sure they get aboard, but yes, it is a momentous occasion for the two companies five years in the making. >> it will be -- i call it a very strong race to see who can provide the best 5g. we feel very confident combined we are going to be able to do that, because the sprint 5g spectrum that we have, called the mid-band, combined with the low band of t-mobile, gives us the ability to build an advanced network. so there will b
one of the takeaways from this amazon result? >> spending is back at amazon. they told us last quarter they will be spending some $800 million on trying to turn their two-day delivery pledge into a one-day delivery pledge and it indicated to investors it is going to continue at least for the next two quarters, rolling it out in the u.s. and internationally to try to increase the speed of delivery and integrate growth in the core retail business. >> t-mobile has won the u.s. nod for...
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this is amazon in particular. amazon is celebrating an anniversary today. we will tell you about that later. the dow jones industrials down about 118 right now. s&p is down by a greater amount percentage-wise. the nasdaq's the worst performer in premarket activity. that could change as investors begin to realize the effect of so many more people coming into the work force. that's why the unemployment number ticked up despite the big jobs numbers. 335,000 people coming back into the work force. that is a huge number. >>> now this. president trump held his salute to america event on the washington mall. hoor here's a clip of his speech. >> from the banks of the chesapeake to the cliffs of california, from the humming shores of the great lakes to the sand dunes of the carolinas, from the fields of the heartland to the everglades of florida, the spirit of america's independence will never fade, never fail, but will reign forever and ever and ever. david: come in, larry o'connor, "washington times" associate editor. i heard the rain kept you away from the mall b
this is amazon in particular. amazon is celebrating an anniversary today. we will tell you about that later. the dow jones industrials down about 118 right now. s&p is down by a greater amount percentage-wise. the nasdaq's the worst performer in premarket activity. that could change as investors begin to realize the effect of so many more people coming into the work force. that's why the unemployment number ticked up despite the big jobs numbers. 335,000 people coming back into the work...
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Jul 25, 2019
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shery: thank you so much for joining us from seattle on amazon. still ahead, apple is buying intel's modem unit. will this provide relief from third-party supply issues? held up next, the ecb steady but laid the groundwork for a rate cut in the near future. we will ask what that means for other central bank decisions. this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen allen in sydney. the march to lower global ra tes continues. inove to cut its key rate september. the federal reserve appears ready to drop its rate next week. turkey's central bank made the biggest policy rate cut on record. kathleen hays is here. let's get started with the ecb. it is worried enough to cut the rate but not just yet. kathleen: not just yet but something very strong signal that it is getting ready to do so. it is studying the landscape, trying to figure out what it will need to do before it does it. when you hear the head of the european central bank come out of this meeting were so much is -- the manufacturing sec
shery: thank you so much for joining us from seattle on amazon. still ahead, apple is buying intel's modem unit. will this provide relief from third-party supply issues? held up next, the ecb steady but laid the groundwork for a rate cut in the near future. we will ask what that means for other central bank decisions. this is bloomberg. ♪ shery: this is "daybreak asia." i am shery ahn in new york. paul: i am paul allen allen in sydney. the march to lower global ra tes continues....
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Jul 30, 2019
07/19
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so she knew amazon's system very well. in this case, where capital one had a potential breach in the firewall, she was able to get in and she used the screen namer ne eratic. there was a white hat hacker who fight ifigured it out and got ih with capital one. as you go to the cloud, the risks are increasing. here we have one for capital one. the ceo addressed it, saying he apologized to everyone, doing their best to address it. maria: look at the impact on the stock, down 5% on capital one. >> this is serious, 100 million people. maria: normally you see all of these hacks from china and russia and you understand what they're trying to do, try to infiltrate our systems. but an american citizen just hacking, a hundred million accounts. >> it's the new face of criminality, the jesse james of this century, i guess. >> we saw with equifax finally a number put on the cost to the company when they had a monster fine for having allowed a lot of data to get out. i think this is no longer sort of a sin-free world. now regulators are
so she knew amazon's system very well. in this case, where capital one had a potential breach in the firewall, she was able to get in and she used the screen namer ne eratic. there was a white hat hacker who fight ifigured it out and got ih with capital one. as you go to the cloud, the risks are increasing. here we have one for capital one. the ceo addressed it, saying he apologized to everyone, doing their best to address it. maria: look at the impact on the stock, down 5% on capital one....
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Jul 18, 2019
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trump wants more details about a cloud computing contract the pentagon is set to award amazon or amazon -- or microsoft. is worth $10 billion with amazon seen as the favorite. but the president has reportedly been told of complaints that companies were frozen out of the bidding. of second deadliest outbreak the ebola virus has become a global health emergency. that is according to the world health organization. there are concerns the virus could spread outside of the democratic republic of congo. this outbreak has already killed more than 1500 people. the bank of korea has unexpectedly cut its benchmark rate as the nation's exports slump continues to drag on. the rate was lowered 25 basis points to 1.5%. the banks governor painted a gloomy picture for the economy. he said rising protectionism -- cited rising protectionism and increased tension with japan. shares of sap fell the most in years. they were up 15% after a 26% gain in the first three months of the year. they have spent more than $10 billion to buy to u.s. based cloud startups. global news, 24 hours a day on air, on tictoc, an
trump wants more details about a cloud computing contract the pentagon is set to award amazon or amazon -- or microsoft. is worth $10 billion with amazon seen as the favorite. but the president has reportedly been told of complaints that companies were frozen out of the bidding. of second deadliest outbreak the ebola virus has become a global health emergency. that is according to the world health organization. there are concerns the virus could spread outside of the democratic republic of...
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Jul 4, 2019
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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
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...
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Jul 17, 2019
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. >>> another amazon story. the europeans, they have just opened an antitrust investigation into the company. this going to hurt them? susan: it's basically they are contending amazon has a dual role as a marketplace provider and also a seller as well. do they use data to basically enhance their own product? how do they set up the default option? why were they using this data? it's a money grab in the eu. they fined google $9 billion over the years. back taxes have to be paid by apple, amazon also. don't forget, taxes on revenue in retro active years by facebook as well. stuart: i'm just tired of this story, quite frankly. nothing ever happens. ashley: once a week. stuart: facebook is under pressure, google is under pressure, amazon's under pressure. the stocks hold up at very high levels. what do you say? >> in the case of europe, the european governments are always looking for revenue. they need tax revenue to fund these social programs and if you are a company with a lot of money, a lot of cash, perhaps they
. >>> another amazon story. the europeans, they have just opened an antitrust investigation into the company. this going to hurt them? susan: it's basically they are contending amazon has a dual role as a marketplace provider and also a seller as well. do they use data to basically enhance their own product? how do they set up the default option? why were they using this data? it's a money grab in the eu. they fined google $9 billion over the years. back taxes have to be paid by apple,...
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Jul 10, 2019
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amazon will cover the rest of the world. amazon studios is also working on a lord of the rings tv show in an effort to boost interest in its prime streaming service. shery: this year's likely biggest ipo price is later thursday was sources saying the institutional order book is at least 1.5 times covered. the retail order book is at least three times covered. budweiser brewing will list in hong kong after shares expected to beat uber's earlier this year. likely to value the operation at $64 billion u.s. paul: wynn resorts announced plans for a $2 billion expansion of properties in macau which include a theater and museum. the complex will be next on the cotai strip and will feature two hotels, interactive sculptures, gardens, and performance space. it is expected to begin in 2021 with a grand opening three years later. shery: nintendo unveiled a new cheaper version of its switch gaming console. the device that helped fuel a rebound in the stock this year. let's get more details from tom in tokyo. there are very high expectat
amazon will cover the rest of the world. amazon studios is also working on a lord of the rings tv show in an effort to boost interest in its prime streaming service. shery: this year's likely biggest ipo price is later thursday was sources saying the institutional order book is at least 1.5 times covered. the retail order book is at least three times covered. budweiser brewing will list in hong kong after shares expected to beat uber's earlier this year. likely to value the operation at $64...
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Jul 24, 2019
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explain how it works and how you will do it better than amazon. >> thank you. we appreciate the time. we are here with thousands of sellers and it is exciting. we are not in the warehouse business and does not employ capital that well but there is a tremendous capacity of warehouse is in the world and that is the marketplace, we will build a marketplace of warehouse capacity for our sellers, that means efficiency and lower costs , better velocity because they can get their packages to consumers faster. we already get packages in about three days in the u.s., we can get that in a shorter distance and that better cost. we do not want to compete in a fast shipping war but for our sellers their shipping millions of packages in the u.s. per day, we are number one or number two in every market in the world and think this will hit a sweet spot for small merchants who are looking for a better solution to help them manage logistics. vonnie: you say you do not want to get into the speed delivery game and to try to beat amazon on that score but don't you need to a little
explain how it works and how you will do it better than amazon. >> thank you. we appreciate the time. we are here with thousands of sellers and it is exciting. we are not in the warehouse business and does not employ capital that well but there is a tremendous capacity of warehouse is in the world and that is the marketplace, we will build a marketplace of warehouse capacity for our sellers, that means efficiency and lower costs , better velocity because they can get their packages to...
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Jul 24, 2019
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charles: i wish they would stop amazon selling live christmas trees. that is a hustle for people around the country comes once a year. that is my only personal belief. >> no problem. charles: facebook reporting earnings after the bell today, after getting hit with that record ftc fine. plus mark zuckerberg, their ceo, now has a new rule book to insure compliance but does this order really have any teeth at all? ♪ fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? (past them because she didn't sknow they were talking to her.g and she would just walk right (deborah) i just could not hear. i was hesitant to get the hearing aids because of my short hair, but nobody even sees them. (avo) our nearly invisible hearing aids are just one re
charles: i wish they would stop amazon selling live christmas trees. that is a hustle for people around the country comes once a year. that is my only personal belief. >> no problem. charles: facebook reporting earnings after the bell today, after getting hit with that record ftc fine. plus mark zuckerberg, their ceo, now has a new rule book to insure compliance but does this order really have any teeth at all? ♪ fact is, every insurance company hopes you drive safely. but allstate...
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Jul 27, 2019
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they say they will continue to improve topline growth and delivery. >> spending is back at amazon. they told us they will spend some $800 million on trying to today delivered pledge into a one-day delivery pledge and it is going to continue at least for the next and to try to increase the speed of delivery in the core retail business. u.s.mobile has won the approval of the merger with sprint. does it mean they can go ahead with the deal? >> pretty much. they still have some steaks they ,eed to be in front of, but yes it is a momentous occasion for the two country -- two companies five years in the making. >> we see who can provide the best 5g. we feel very confident combined we will be able to do that , it is sprint spectrum called the mid-band combined with t-mobile gives us the ability to build an advanced network, so there will be some great competition and i think the big beneficiary of this will be the american consumer with more choices and better prices. >> u.s. growth slowing in the first quarter, but not much as analysts expected including pushing gdp growth to -- >> busin
they say they will continue to improve topline growth and delivery. >> spending is back at amazon. they told us they will spend some $800 million on trying to today delivered pledge into a one-day delivery pledge and it is going to continue at least for the next and to try to increase the speed of delivery in the core retail business. u.s.mobile has won the approval of the merger with sprint. does it mean they can go ahead with the deal? >> pretty much. they still have some steaks...