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

>> 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

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

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

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

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

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

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

. >>> 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

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

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

it does not necessarily in a new economy where you talk about trace paternity and amazon because you grow faster, it does not lead to greater pricing power. so you can operate, you have to operate in a global economy. he keeps talking about global growth is slow. let's say he said we will not cut rates, the u.s. dollar would appreciate if you put pressure on emerging markets and the rest of the world in the u.s., if you dropped interest rates 25, i think you can go 50 basis point and i don't think that is out of the question in a couple of weeks. what happens is you keep the dollar contained which is hugely important for the u.s. economy. i think it's a really big dprk . by the way there is no pressure on inflation prayed if you get a little bit for the first time this week. >> we will have to watch. >> we are so far below two. let's say we rented to incorporate who cares. as long as you have economy operating well it is a tumor world, we talk about on your show a lot prayed when you have a manufacturing economy, goods, chemicals, energy. increase inflation and then you have to break

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

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

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

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

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

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.

. >>> amazon in the regulatory crosshairs. the move across the pond that could threaten the everything store's latest deal to expand its delivery reach. we have the details in your fox business brief. "countdown" is coming right back. [ paper rustling ] exactly, nothing. they're completely different people, that's why they need customized car insurance from liberty mutual. they'll only pay for what they need! [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. you've done it again, limu. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ kristina: no surprise here, crypto markets finishing out another wild week. bitcoin still cruising above the $11,000 mark but down from recent highs. the original digital currency plunging below $10,000 on tuesday after a group of house democrats on the financial services committee asked facebook to halt its crypto project libra due to oversight concerns and potential risk to consumers. so you have bitcoin that's coming back over the past three days or

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

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

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

. >> 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

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

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

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

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

amazon 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

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

we got a statement from amazon. it says amazon web services was not compromised in any way and as they put it functioned as designed. for capital one this lawsuit could be the beginning of its troubles. the company estimates that the breach could cost them up to $150 million. neil. neil: grady, thanks. a new probe of parents using a legal loophole to get college financial aid for their kids. jackie deangelis has more. >> nice to see you, neil. outrage over a new college admissions tactic concerning financial aid. "wall street journal" is reporting that the education department is investigating a loophole where wealthy parents transferred guardianship of their child to qualify for scholarship of their grants. through the transfer, only college bound earnings, their earnings savings are considered. still legal, no, but it reads as a whole lot of ethical questions. some college consultants are advertising they're able to save families money without specifically saying what that methodology is in the marketing materials

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

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