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

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

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

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

so amazon can add singles day and amazon's unstoppable on prime day or any other day, selling hundreds of items a second that no one else can match. >> is there some sort of risk that with prime day there's going to be a lot of loading of purchases into those two days, could that affect, say, back-to-school for a lot of retailers including amazon? >> great points. it will affect back-to-school for everyone that you referenced. and at the same time, though, it will add more prime members so amazon with over 100 million prime members will probably add millions more. and at the same time, with price discovery, people even if he or she spends the same amount of money will buy more units. so it will raise the standard of living and also lower prices and that's one of the reasons maria and dagen report every day the fed can be more accomodative because amazon is a key catalyst in price deflation and a lack of overall inflation. >> i agree with that as well. >> people think of amazon as a retail company. if you actually look at how it makes most of its money, it's the idea that it provides cl

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

amazon in terms of the unions turning their focus to amazon to try and unionize the workforce there, so they use tactics like this and they also use language like what you heard from alexandria ocasio-cortez which, by the way, your own city would have benefited greatly from the tax revenue from amazon and the jobs that that company would have brought in. maria: she really blew that one. dagen: using language to cover-up horrible mistake and helping drive amazon at least the second headquarters out of new york. jon: i would say as far as this trying goes, i would say this is a sign of a strong economy and that's good news, right, because workers in a really weak economy aren't going to go out and strike and, you know, put themselves in a position where they could lose their jobs, this is a sign that once, again, the economy is strong, unemployment is low and workers are emboldened to say we want more. >> i can tell you that people in virginia would be happy to have a facility from amazon in that part of the country which is still -- still just quite frankly part of a waste land left o

maria: a new amazon dropoff, a major retailer now accepts amazon returns. retirement out of reach, why many americans fear they will never stop working. back in a minute. ♪ what if i lose it all. ♪ twenty-four people came together to sign an agreement that created the stock exchange. just the right elements coming together. it started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. it started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. it started with the markets, bringing together steel and buildings and silicon and medicine and rockets. we believe the possibilities of life and investing are greater when we come together. it's why for eighty years we've connected ideas with technology, data with inspiration, investors with solutions. so that every day together, it all starts again. ♪ the cloud i need? it has to keep up with sales, supply chain, inventory - ♪ ♪ it needs to

amazon owns the day. it's now amazon prime day. so i think it's a really fascinating thing to watch and how we're seeing such a different model. >> yeah, amazon is the 800-pound gorilla. there's some other big players. but the notion that you can take a customer and say here's a great deal and it's called the loss leader, now buy something else. with amazon they're not trying to get you to buy something else. they're trying to get you locked into their system. >> yet they are. i would love to know what the average amazon prime member has spent in the last 24 hours. i'm seeing on social media all of these folks are posting, did you get this deal, did you get this deal and people are buying air fryers and all kinds of things they don't need. dagen: i would like to return the bag of groceries i bought from whole foods on sunday because a lot of it was molded. i'm looking at goldman sachs earnings. looks like a beat, ashley. ashley: let's start with the headline numbers, dagen. earnings per share coming in on a diluted basis, 5.81, $5.

the websites on a google search, the sellers on amazon. and then absolutely is where they get in trouble that's basically what my microsoft got in trouble in the 90s and so much of apple and revenue is built around iphone yet so many smart phones out there from google to samsung so would you call apple monopoly or because apple store how do you look at that ?fnlgt all of the platform industries have a win or take all dynamic with one or two given winners so ios and android and they control 95% of the actual operating systems in mobile and then you look at there's an article in "the wall street journal" this morning about apple get favoring its own app, versus other third party app developers in the app store which is same thing as grade school favor its own content over yelp trip advisory and many other sites to get this trouble when they integrate or compete unfairly with producers contradicting value or content or apps into the platform ecosystem that's kind of what you call being greedy. >> it would be many previous years unthinkable ma

the seattle times writing amazon plans tallest tower marking presence in belleview, unveiling 30-foot story that would accommodate thousands of employees, amazon aim to go finish the building in 2024 and the mississippi ledger says selling veggie burgers in mississippi can land you in prison. companies sue state over law. upton's naturals is suing over a law that prohibits companies from using meat terminology when selling vegetarian and vaguan products, you can't say vegan burger or meatless hot dog, remember the controversy about almond milk or oat milk because it's not really coming out of the mammaries of an animal so you can't say milk, violaters can face up to a year in prison and 1,000-dollar fine. somebody is taking money from the meat lobby, the beef lobby. >> you think? dagen: yeah. [laughter] dagen: this is how we are spending tax dollars? >> i don't think anyone who has ever eaten a meatless hot dog thinks it's a hot dog, we all need to just chill. dagen: i think it's much to do about nothing. can we come up with another name, if it's a patty why can't it be a hamburger, d

used to be you couldn't sue amazon if the product you bought at amazon was defective. you would have to sue the manufacturer of that product. the court ruled you can now sue amazon. maria: all the retailers wanted it to go that way. they thought amazon got a free ride. a lot to come, the border crisis, mike pence visiting the southern border this friday. i'll speak with his chief of staff, mark short, next. stay with us. most people think a button is just a button. ♪ that a speaker is just a speaker. ♪ or - that the journey can't be the destination. most people haven't driven a lincoln. discover the lincoln approach to craftsmanship at the lincoln summer invitation. right now, get 0% apr on all 2019 lincoln vehicles plus no payments for up to 90 days. only at your lincoln dealer. maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is wednesday, july 10. your top stories right now, 7:3. jay powell on the hot seat today. it is day one of his two-day testimony. his prepared remarks will come out at 8:30 a.m. e

maria: yeah. >> because aoc has dna at the crime scene in terms of amazon taking off. maria: good point. all those jobs. a lot of -- >> overlapping the congressional district. maria: there's netflix earnings, the stock is down big this morning, down 10 and a half percent, lost significant number of subscribers in the u.s. first time in nearly decade, blaming downward trend of second-quarter content, the stock is coming down. >> i'm not surprised by this, there was going to be point where there was many competition in the field too, the whole idea of cutting the cord was that your bill should be cheaper, if you're subscribing to every service, they will not end up being cheaper, they are going for content and there's a lot more to choose from. maria: you the behemoth like a disney coming out and putting content from netflix. >> that's certainly an issue and users will see where am i getting the most content for value that i'm getting, they will switch and adjust bills that way. >> viewers have a finite wallet that they are willing to pay for subscriptions and netflix ju

amazon also. a lot of people want us to take action. >> are you going to? >> i can't say that. i can't say. cheryl: well house judiciary committee opened antitrust investigation into google and amazon just last month. well, elon musk boring company putting up help wanted sign, looking to expand the workforce in vegas where they are planning to begin construction on tunnel system also headquarters in california and musk says the jobs include engineers, construction managers, architects and boring machine operators, most new hires expect extended hours and weekend work among the many requirements. those are your headlines, dagen, thank you. dagen: thank you, cheryl, fresh controversy for nike, the company pulling its betsy wall's flag shoes at the request of colin kaepernick, former nfl star jack brewer weighs in next. it's time for our lowest prices of the season on the sleep number 360 smart bed. it senses your movement and automatically adjusts to keep you both comfortable. the queen sleep number

>> comes down to earnings, first we've amazon, may hear more how prime days went u.s. consumers how cloudy business doing after microsoft ibm blew expectations in that part of the business last week second thing facebook albert how well they monetize that data they find new mousetraps to do well with it in ad. >> we hear about u.s. consumer concerns about global xhooern, starbucks mcdonald's reporting lat er part we are getting a good picture what u.s. consumers are doing in terms of -- those businesses, and global growth as well. >> to point on technology earnings, top story in the journal today is that microsoft apple am phenomena facebook made up, almost one-fifth of the s&p total return this year, but, again, that is that is best return for the s&p since this time of the year since 98. >> large-cap names driving it look at other side of the coin small caps doing terribly relative to large caps the question is as investors try to sort all this out are there bargains in this small cap mix. >> or is small caps telling us something that people investing in big cap stoc

how do you break up amazon which is underpinned by cloud computi. google chose to work on -- historically it's rumored they're working on a censored version in china. they're inviting scrutiny and it's no surprise we're seeing -- charles: it doesn't help that they sort of kicked our department of defense to the sur curb and -- >> they're not working andre gone fly. that stopped -- on dragon fly. they stopped that. >> they were working with the chinese government. charles: thank you both very much. president trump just tweeting on the. u and china. the eu and china will further lower interest rates and put money into the systems, making it much easier for their manufacturers to sel sell produs in the meantime. too bad. what do you make of it. >> i think there's -- jack made this point earlier. there's all of this negative yielding debt around the world. there is slowing economies around the world. our economies are cup weld the rest of the world. -- coupled with the rest of the world. central bankers have to behave similarly if they want to stimulate

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

when asked what he thought about amazon, facebook and google, the answer was interesting. >> they've changed the world and they're the disrupters now. we were disrupters in our youth. now they're the disrupters. we have to figure out how to position ourselves to adapt to the changing world that they're changing. you're not going to fight them. so you better accept them as a fact. >> reporter: so interesting there. they're the disrupters, they are changing the world he said and sort of also said if you can't beat them, join them. that's part of the conversation i think that's happening behind the scenes here today. but the other things people are going to be watching is sheri redstone. we're looking for an announcement on a cbs, viacom veemerger.maria: another topice potential regulation within the social media space, right? particularly as we've got a tech summit going on at the white house and all of this criticism about censorship. >> reporter: that's the conversation going to be taking place in washington and a conversation that's taking place here. it's going to have such an impa

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

but just in the way the story is developing, she had worked for amazon cloud services for a number of years. she's clearly mentally having a lot of battles. one thing that let the fbi find her home address was she had shared a vet bill, i guess her cat was sick, so it had her home address, her real name and that's one of the reasons they were able to find her and arrest her. maria: wow, incredible story. >> it just shows somebody very much on the fringe but who wanted some sort of acceptance if you like from her peer group. but we know with equifax, for example, which went through a similar hack, they paid $700 million to settle a lawsuit, i should mention a class action lawsuit was filed yesterday in dc, someone in connecticut who has been affected has started to gather the troops. >> you know, maria, what is chilling in this case, a lot of hacks we think of foreign agents or people overseas. it's a reminder that for big companies, you've got all kinds of developedders coming in and out, -- vendors coming in and out, and a determined hacker who has an inside track, it's very, very ha

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

there's nothing monopolistic about amazon controlling 5% of retail sales. lauren: same thing with apple, they don't dominate when it comes to the iphone or music. can you see all of this potentially backfiring against the government as the big tech companies let's say hire more lobbyists? >> yeah, i think that's a absolutely what's going to happen. it's going to backfire. it's going to be a stalemate. we've been talking about privacy regulations for two years. we'll be talking about the anti-trust concerns probably for just as long and not have much action taken by the government. lauren: the broader market is under pressure today. the premarket boards of the major tech companies are under pressure today. facebook reports earnings after the bell today. it's expected to do relatively well. does that surprise you? >> no. look, fundamentally facebook has been a strong business. it just can't keep out of the headlines with the privacy concerns. today if they put up better than expected growth, i think it's going to cure all that ails facebook. it's going to be

stories at big tech earning season kicks into high gear some of the biggest names report hear from amazon and alfa bet will you had fallout from antitrust ageses in trade war with china weigh on the markets hottest sector. that is a big question. iran now blaming national security advisor john bolton after rogue nation season of british oil tanker. how should u.s. respond? take a look. >> here we go. all eyes on robert mueller an highly anticipated testimony this week will he say anything different than he did two months ago and will democrats turn it into a 2020 campaign event? >> and how one study says teamwork can actually be bad for your health. it is monday julynd fbn:am starts right now. ♪ good morning i'm cheryl casone. >> i'm deirdre in for lauren simonetti. >> great to have you here deirdre. monday moving on this monday we have green arrows across the board pickup continues with dow up by 66 and s&p up by eight and quarter and the nasdaq up by 30 and a quarter. >> taking a look at the bond market with tenure treasury yield you can see 2.04%, of course, a lot of that a lot of tr

speaking of amazon, more than 20 amazon workers at a delivery facility in chicago are accusing the company of not paying them nor overtime during prime week. they filed a complaint with the illinois department of labor, claiming that management dismissed them six hours early on july 19th and promised to pay them for their full shift. the workers said amazon counted the six hours in the following week's papered, so they didn't -- pay period, so they didn't get the overtime for those hours. ashley: investors have a full plate this week with u.s.-china trade talks set to resume and the federal reserve meeting on interest rates. our next guest says don't expect any major progress this week on a trade deal. david nelson is chief strategist with bell point asset management. david, good morning to you. i was reading your note. you asked the question, so what are the chances of some breakthrough being made in china with these trade talks and you said in a word, no. >> can i go. ashley: yes. thank you for being here. over to you, lauren. no, you said president xi, the president of china has dou dug

trade officials are looking into a french tax that could affect companies like google and amazon. trade representative robert lighthizer says the u.s. is very concerned that the tax unfairly targets american companies. so this proposal would apply a 3% tax on revenue that the tech giants get from targeted ads and digital marketplaces within france. lauren. lauren: climate change is a top concern on the campaign trail. senator elizabeth warren running for president reintroducing a bill requiring public companies to disclose critical information such as greenhouse gas emissions. warren also wants to hold companies accountable for their contribution to these environmental risks. but what cost will this place on corporate america? we asked rebecca walter, walter wealth participate ceo. good morning to you. >> good morning, lauren. lauren: is this fair, her proposal? >> the problem is this. you cannot apply this kind of cost on public american companies when 1.3 billion in india, and people in china, won't have anything to do with any kind of climate change measures that will stop and

kohl's is helping amazon with returns. you no longer have to wait at the post office, just in time for amazon prime day, shopping sprees and back-to-school shopping, kohl's says its more than 1100 stores nationwide now accept amazo am amazon returns. cheryl: we're seeing a little bit of a downward tick in futures this morning on this monday. remember, this is after the blockbuster jobs report we got more jobs out of than expected. a little bit of a retracement this morning. nasdaq is down 30. global markets reacting. we'll have more on that in a moment. also, this. brand-new numbers showing president trump's approval rating hitting an all-time high. but there's still a range of re-election risks he could be facing. and how the federal government has been able to tap into a massive facial recognition database without the public's consent. you're watching "fbn: a.m.." ♪ we fight fall apart before too long. ♪ we can work it out. ♪ we can work it out. ♪ ride-along, captain! i've never been in one of these before, even

this year's 48 hour event will be amazon's longest ever. delta airlines is giving coach travelers a pretty nice perk. starting this november, passengers will be treated to, are you ready, a complementary drink right after you take a off. and by that we mean one with alcohol. for free. cheryl: free? lauren: free. del tadelta also upgrading the d menu. it will not be free. this, the dairy industry came up with a new way to get kids to drink more milk. >>> it's setting up coffee bars in high schools across the country. milk consumption has fallen 40% since 1975 and the coffee bars could help reverse that decline. there's one high school in north dakota that uses 530 gallons of milk making coffee drinks the past school year alone. so kids will be caffeinated but they will get their -- cheryl: there's a reason that parents don't want their kids to have dairy. like allergies, health and wellness. lauren: i'm sure there will be soy and coconut options too. cheryl: another natur.cheryl: s expected to supply plenty of natural fireworks for the 4th o

. >> yep. >> amazon also. a lot of people want us to take action. >> are you going to? >> i can't say that, tucker. that i can't say. cheryl: well, the house judiciary committee opened apan anti-trust investigation into goodell and amazon last month. lauren: many americans agree, the economy is doing well, but this is interesting. many not so quick to give president trump credit for it. cheryl: interesting. rich edson is at the white house with details on that. rich. >>> good morning. >> it's incredible what's happened to the american economy, we're the best economy in the world. >> reporter: this month, the u.s. economy is on track to grow for 121 straight months, the longest economic expansion in american history. it started a decade ago, following the deepest economic crisis since the deep depression. >> the unemployment rate is low. we had the best june stock market the dow jones in over 80 years, that's going to fill up the 401-ks of middle class folks everywhere. >> reporter: nearly two-thirds of america

executives from facebook, google, amazon and apple all facing congress ppg antitrust panel of the house judiciary committee is looking to find out whether company have become so big that they need to be broken up. the hearing coming as regulators around world are voiceing concern about tech giant market power and data correction policy. >> facebook is planning for cryptocurrency libra expected to face tough questions today at another hearing on capitol hill. facebook executives david marcus basically the head of the libra project will answer questions from the senate banking committee, president trump and federal reserve chair jay powell have already raised serious concerns about facebook libra projects. now treasury secretary steven mnuchin says he has his own reservations. >> cryptocurrency sughs bit coin have been exploited to support billions of dollars of illicit afnght like cybercrime, tax evasion, extortion, ransomware elicit drugs, human trafficking. mnuchin says facebook has, quote, a lot of work to do to convince regulators that libra will have the proper anti-money landering

amazon is seen as the leader to win that contract but the president says he's been presented with many concerns. >> we're getting tremendous , really complaint from other companies and from great companies some of the greatest companies in world to complain about it having to do with amazon and the department of defense. and if i will be asking them to look at it very closely. president also met thursday at the white house with executives from airline industry that included the head of airwaves along with united jett plus, and american. the white house says that discussion was on transparency and competition. back to you in new york. >> blake, thank you let's stay with the white house because president trump is planning to nominate eugene he tweeted last night gene has a great success in legal and laicial field highly rpghted as a lawyer but with great experience working with labor and everyone else. the 55-year-old is the son of the late justice angt antonin and step down from the position just last week costa after rules of prosecutor negotiating plea deal with jeffrey epstein. >> th

amazon founder jeff bezos' divorce expected to be the most expensive settlement in history. reports say bezos will pay $38 billion to his soon to be ex-wife, mackenzie bezos. she is said to be taking a 4% stake in amazon, making her the fourth richest woman in the world. a trial date has been set for elizabeth holmes, in august of 2020 and it is expected to last three months. she is accused of lying to doctors and patients about blood test results. thernos reached a valuation of $9 billion before unraveling. pepsi is testing water in cans. they will start using aluminum cans for water starting next year. the company said the switch is expected to remove more than 8,000 metric tons of plastic from the environment. cheryl: a couple of big stories we're following here. of course, that trade truce if you will, that meeting between president xi-jinping and president trump really giving investors optimism now that talks are going to restart, some of these restrictions lifted off of huawei, that maybe just maybe a trade deal is in the future. dow up 271, less than a percent away fr

set to be awarded to either amazon or microsoft. it could be worth as much as $10 billion over ten years and learned about letters from republican member of congress that claim contract excluded some companies. cheryl: we've got a lot more coming up this morning is the squad outshining the 2020 democratic presidential homefuls? how rising rivalry with president trump could actually be helping the president. and just when you think it is finally gone or for good. baby shark is back. the reason officials of one florida city are blasting the relengtless song. >>lauren: don't play it right n. ♪ ♪ baby shark ♪ mommy shark ♪ whoa. travis in it made it. it's amazing. oh is that travis's app? it's pretty cool, isn't it? there's two of them. they're multiplying. no, guys, its me. see, i'm real. i'm real! he thinks he's real. geico. over 75 years of savings and service. let's get you caught up own global market action declines in u.s. earnings jitters trade fears overwhelming investors at this hour. dow is down 4-9d points nasdaq down

media summit yesterday and also look ahead to the hearings next week, tuesday house testimony from amazon, apple, facebook, google and more throughout the week. we've been talking about how to regulate big tech for about two years now. at what point does the talking become action, does something really happen. what can the trump administration really do here? >> thanks for having me on, really appreciate it. yesterday's summit was a good discussion point and starting point to begin bringing people to the table to talk about concerns that are flairing and it is how are these tech companies moderating content. now, the rules are clear, if you actually read them. but nonetheless, there are concerns out there. what i think is being missed in the conversation is how technology has propelled conservatives to victory back under president trump's inauguration, as well as looking forward to 2020. and that's what i think's really being lost in the conversation is the opportunity for conservatives to harness the power of social media and social technology to reach voters who they otherwise could nev

names like amazon, facebook, if the fangs can't perform, i think the market will struggle. cheryl: facebook was expected to get to the settlement announcement before the close of traying tomorrow, we'll -- trading tomorrow, we'll hear about the $5 billion with the ftc. >> it's a drop in the bucket for a company like facebook. we like to think the settlement means it's settled. when it comes to facebook, it's almost like the nuclear industry was in the '80s, pharmaceuticals were in the '90s, oil was in the 2000s, that's big tech right now. they're kind of public enemy number one. my fear is whether it's on privacy, whether it's all these other issues, that the government isn't over when it comes to regulating and micro managing facebook. cheryl: elizabeth warren coming out and saying she believes there's an economic crash coming and then she said here's what i'm going to do about it, i'm going to erase student debt. >> she's got a plan. cheryl: we're going to offer free tuition. with unemployment at record lows and she talked about manufacturing jobs, i'm not sure where she'

she is a former worker at amazon's cloud decision. the bank tells fox news that every current and previous capital one customer and anyone who has applied for a credit card at capital one could also be affected by the hack. cheryl: a senate panel is holding a hearing this morning on the federal aviation administration, particularly oversight of the agency. the senate appropriations committee expected to discuss the future of the boeing 737 max. the max has been grounded since march after crashes that killed nearly 350 people. boeing last week posted its largest ever quarterly loss. lauren: tariffs are mentioned in many of the conference calls held by these major corporations reporting their quarterly results. in fact, treasury secretary steve mnuchin and robert lighthizer are in shanghai, china right now for day two of talks with top chinese officials as president trump is ratcheting up pressure on china to quickly reach a deal. cheryl: jessica stonies at the white house with more. good morning, jessica. >> reporter: lauren and cheryl