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

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

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

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

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

stuart: but i think amazon did something about the reviews. if you wanted to read reviews of this book amazon was blocking those reviews? i think that is the story? >> yeah. i don't know. as an author you're often frustrated by the fact that more information is not available. i think the bigger story, by the way, you know, again the "new york times," when i had number two best-seller on "new york times" i thought the formula was great. since then i had a lot of questions about it. i think the bigger story is, here is a book clearly one of the top five or six best-selling books in the country. mollie hemingway is tremendous reporter. the authors come from a conservative point of view. there is a lot of solid reporting in there, a lot of interest, when i wrote about this before fox news foxnews.com, had more than million page views. why aren't they inhave ited on network morning shows. it doesn't fit the narrative. if the same quality book was guilty of accusations that christine blasey ford was telling the truth, that person would be fetted on

amazon, for a start. this is the second and last day of their amazon prime days. they took in $4.2 billion worth of sales last year. some expect it to hit $6 billion this year. amazon stock is down a tiny fraction at $2,020 per share. >>> retailers, back to school shopping season starts up soon. new reports say this season's going to break sales records with each grade school family spending a whopping $697. add about $200 to that if you're off to college. $97 $978 per family. only walmart is down and they are close to a record high. $114. >>> the big board shows a gain of 28 points. we set a series of record highs on the dow this morning. right now we are at 27,386. we are watching interest rates. the yield on the ten-year treasury not doing very much this morning. 2.12% is your yield. >>> now this. joe biden out front, selling his $750 billion health care plan, repeating president obama's very famous promise. remember that one? you can keep this, you can keep that? sound familiar? roll tape. >> if you like your health care plan, your employer-based plan, you can

kohl's is now accepting amazon packages, returns. i was just talking about retail headline, i was like wow. different story. foot traffic. we'll see. this could be good because of foot traffic. again, you don't know. stuart: okay. right now, i have to say good-bye to michelle and to joel. thanks for being with us. we appreciate it. nice plug for microsoft. you're all right. what are you doing tomorrow? >>> check that big board, please. we have the dow now down 60 points, 27,150. >>> protests against the governor of puerto rico turning violent. police launched tear gas into the crowds. some cruise lines are avoiding the island all together because of the unrest. you can see it on your screens. >>> jon stewart going after rand paul in an interview on fox news, this after the kentucky senator delayed passage of the 9/11 victims compensation fund. bret baier joins us in our 11:00 hour this morning. >>> the house votes today on a bill that would raise the federal minimum wage to 15 bucks an hour. okay. the cbo says that would cost 3.7 mil

susan: this is to improve our services as amazon has said. it's just a small snippet for speech recognition and languages. stuart: you used to wear an apple watch. susan: i never had an apple watch. i do wear a watch. you haven't worn one in 40 years and you said it's all in your head how you keep time. stuart: i've just been nailed. i raised the subject of the apple watch because apple has pulled the walkie-talkie app on the apple watch why? susan: basically, we have a great audience here. stuart: laughing away. susan: the watch, the operating system on the apple watch, there's a walkie-talkie feature where two people who own the apple watch can talk to each other by pressing a button. apparently there was a glitch in the operating system where i could listen to the other person without them knowing it. two times this year, that's happened. you could actually dial and hear someone else on their own phone. stuart: all right. the market's going to go up. it's friday morning. we are going up in about four and a half minutes. we will be up 70 on

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

now you can sue amazon. susan: for all my probiotics. stuart: secretary pompeo said iran's recent actions should send a warning to the rest of the world. he want an international coalition to police the gulf. even so, oil is still 56 bucks a barrel even after all that. >>> the web site "daily beast" went after mariano rivera, the day after he was inducted for the hall of fame. if you're a celebrity in sport, you're not a trump hater, the liberal left will eviscerate you. oh, what a story. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. ♪ stuart: nice sound to it. i like this. boy, you're going to carry that weight. not sure what they are referring to. i still love it. >>> boris johnson is the united kingdom's, britain's next prime minister. susan: oh, yes, president trump seems to like him. susan: yes he does. they have a lot in common, don't they? stuart: yes. susan: let's first

amazon has shown an ability to go into so many different businesses. >> amazon has amazon web services, too, which is the base behind all the services it provides. uber has nothing like that. if my competition is coming up on uber's heels very fast and furiously. stuart: if i buy uber stock, you better turn bullish on me. >> i will be neutral. stuart: facebook releasing its annual report on work force diversity, says that it wants to double its number of women globally and black and hispanic employees in the united states. are they detracting or distracting from their privacy concerns? i notice the stock is back to $200 a share. >> you looking for me to say something negative about facebook wanting to hire more -- stuart: no, i'm not. >> that's not a hand grenade i'm interested in jumping on this morning. i think it's a great move on facebook's part. stuart: is this diversity move a distraction away from their privacy concerns? does it matter? obviously not, because the price of the stock is 200 bucks a share. >> they've got concerns, they are going to hear from, you know, from the lef

. >>> 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

e-commerce, amazons of the world came in and ate their lunch, right? >> absolutely. that was a competition issue. it had nothing to do with private equity. in fact, funds lost money in that deal. they didn't make money. ashley: but it makes for an easy campaign pledge, right? we need an enemy. she's making wall street the enemy. >> it's a campaign pitch but it's not the truth. ashley: how many people know that. that's the question. >> i think in the end, i think in the end they'll figure it out. ashley: stay there. we want to talk netflix, microsoft, all that good stuff. >>> let's get back to bernie sanders. he's all about that fight for a $15 an hour minimum wage but his campaign workers, well, they're complaining saying they are only getting less than $13 an hour and working 60 hour weeks. joining us now, ned ryan, former presidential writer for bush 43. you've just got to love the irony, the hypocrisy, whatever you want to call it but it is hypocrisy, right? >> absolutely. this is a perfect example of the hypocrisy of socialism. they want someone else to pay for e

stuart: what's the story from amazon? deirdre: year on year revenue growth is going to slow but i just want to note it's still at 17%. there's plenty of businesses that would love to have 17% sales growth year on year. as a side note, that is slowing for amazon. you may have the pessimists looking at that. also, they are spending more, spending more to keep us, so their expenses are going higher. i'm just giving you the glass half empty. but the glass half full for amazon is of course aws, the cloud services. they are rocking it. no other way to say it. only microsoft is taking them on with azure. stuart: glad you got that in. thank you very much indeed. 4:00 eastern time this afternoon, that is, watch the fox business network because we're right there with amazon, with google. you get it pronto. see exactly what's going on. >>> as i say, yesterday's mueller hearing in my opinion again, a big flop for the democrats. their impeachment case collapsing. all they have to run on is their socialist economic message. do they rea

they are expanding their amazon return program. if i need to return something to amazon, i can bring it to a kohl's store. they will box it and ship it for me. that's pretty cool, actually. good for kohl's. kristina: it is good for kohl's because they tried this out in chicago first. they noticed there was an increase not only in revenue in that store, but they saw a 9% increase in the number of new customers because people, myself, i don't go to kohl's very often but i would go to kohl's to return an item. i got excited when i read this story because i have this book in my apartment for the past two weeks, i haven't returned it back to amazon because i don't have a box. you can bring items unboxed to the kohl's locations as well as -- ashley: you read it, now you are going to send it back? kristina: it's damaged but it was from a third party seller. you cannot return third party seller items to the kohl's location. however, if it's amazon you can take it to over 1,000 stores across the country, whole foods as well as ups stores. a

she used to work for amazon web services. a tipster eventually contacted capital one, said you know there's someone on the internet right now that's bragging they have done this. turned it over to the fbi. the fbi was able to very quickly find the suspect's address. boom. there you have it. she's now facing charges of computer fraud and abuse and could spend five years in prison. stuart: i don't think the security of the cloud is at stake here. ashley: no. stuart: what's at stake is your employees. ashley: yes. stuart: if you've got one disgruntled employee who is doing this for whatever reason, look at the damage. 106 million people. susan: they put a number to it already, capital one says it will cost $100 million to $150 million in terms of cost. compare that to equifax, over $500 million. much broader, by the way, number of customers impacted there. stuart: okay. >> 200 years ago -- they took down one employee took down a 200-year-old bank. stuart: how do you find the bad apple before you put them to work? the ten-year tr

. >> yep. >> amazon also. lot of people want us to take action. >> you going to? >> i can't say that, tucker. david: should big tech be worried? >> absolutely. i sold my facebook stock in the last couple months because of this. i think congress is going to go after these big tech guys. congress loves having somebody to go after. whether it's big banks or oil companies, they love having red meat on the plate to go after somebody with a less favorable approval rating than themselves. they are going to go after big tech because this is right now, it symbolizes that wealth inequality, symbolizes the big brother out there. this is something i think congress is going to go forward with. david: all right. john layfield, great to see you. thank you very much. >>> to immigration. aoc slamming the detention facilities at the border. roll tape. >> this is them on their best day here and they put them in rooms with no running water and these women were being told by cbp officers to drink out of the toilet. they were drink

amazon is going online so everyone else is shopping there. if you don't have the service -- >> to stuart's point, what has been really the strength of the economy is the consumer. the consumer surprises us, it's resilient over and over again which is a tremendous testament to the jobs picture and the rising wages and what impact that has. stuart: i still haven't gotten over the imf raising its forecast for economic growth in the united states and it goes unreported by the major outlets. that is astonishing. here's where i need help. snap. not sure i know all about snap. but they came in with record user growth. shares are up 170% this year. they are up 14% right now. susan, i think you've got 30 seconds to tell me what's going on. susan: what snap does, recently they have gone into gaming as well so posted a smaller loss than expected. people are looking for something like ten cents. guess what, they actually grew their daily active user base, something they haven't done, they have been losing users. it looks like two or three million each an

the former head of b2b globally for amazon as well. i can start taking a step back and allowing folks, the pros to do their job. stuart: just wait until you go public and you need an army of lawyers. chieh, always a pleasure. thank you for coming back. >>> check the big board. still holding on to a pretty good gain. 70 points up for the dow industrials. the nasdaq as we said going the other way. >>> facebook, article in the tech magazine "wired" caught our attention. it says facebook knows more about you than the cia. we've got that story for you after this, promise. ♪ welcome to the place where people go to learn about their medicare options... before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to

. >> amazon taking 25,000 jobs in queens, incredibly low turnout primaries the far, far left vote. 8.6 million people in the city. he won both mayoral primaries with 300,000 votes. less than 4% of the city's population. he says i have to keep the 4% happy. tend to be big unions or most left-wing activists whose policies are not good for -- david: wrap it up, running short of time. we. >> radical policies, bring things to the center. david: takes power away from activists who have stranglehold on city council. >> that is the idea. absolutely. david: are you worried at all about somebody hacking them. >> we done them in west virginia, denver, multiple fbi audits. former officials come back clean. we'll keep testing. so far, so good. david: paint me skeptical, you're talking me into it. >> i will come back on to talk about. david: thank you very much. president trump and china's xi xinping agreeing to hold off on new tariffs at the g20 summit in japan this weekend. our tech expert, dan ives says apple is actually the biggest winner out of this agreement. he will explain why coming up. >>>

amazon is up big-time. microsoft is doing well. stuart, you can rest easy on your vacation. your microsoft is fine. michelle, what about the range? we have been talking about this range, we hit the 26,000, close to the 27,000 mark, then pulled down again, then go up. that's been happening for about a year. sometimes the downward move is dramatic, sometimes it's not as much. but this range, are we going to jump out of this range now, maybe up to dow 30,000? >> yeah, i mean, i definitely think we could be. exactly like jeff said, the fact that i'm kind of disagreeing with jeff but investor sentiment is definitely not -- david: more than kind of disagreeing with jeff. wholeheartedly disagreeing. >> he's hesitant and i'm seeing that with a lot of investors, they are skeptical. there's hesitancy if they think the market will move higher. that's often one of the biggest indicators i have seen when investor sentiment is hesitant it's a very bullish sign. davi david: what about big tech? big tech had the huge runup over the last year and a half, is it getting weighty? >> i think it