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

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

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. 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

that disadvantages amazon. their shareases later in the season as consumers don't have confidence of getting there products on time like they do with amazon. that compressed season will be to amazon's advantage. was an analyst for the marketer. a tech giant visits the white house, the white house host the biggest tech companies to talk about fallout from the trade war with china and the ban on while -- huawei. this is bloomberg. ♪ emily: white house officials said they would send a delegation to china read by robert lighthizer after a high-level meeting in washington between the trump administration and ceos from google, broadcom, intel and qualcomm. the meeting was geared towards easing a ban on sales from china's huawei. >> i think this is a very dangerous meeting. huawei is not an independent actor. it is an arm of the chinese intelligence agency. us doing trust that business with them will not have negative consequences. i just read the washington post this past weekend and huawei was working with a shell

the power ofell -- google and amazon. fangipos list the two giants as a competitor or risk to their business. bitcoin's rally starting to waver again. the price of the currency down double digits since friday. first to our top story. any victory for beijing, president trump said he would hold off on any further tariffs for now and would relax constraints on huawei. manyonstraints remain and say optimism is overdone as many try to figure out what form the relief will take. huawei is still on the list usually reserved for rogue regimes and affiliated companies. on sunday, white house national economic council director larry kudlow commented on the move. >> this is not a general amnesty. they will remain on the so-called entity list and national security concerns will remain paramount. caroline: for more, we are joined by sarah mcgregor and sophie elstrom. sarah, talk to us about the orails surrounding huawei the lack of details. was it expected? sarah: there were a lot of questions on whether huawei would even come up in th

amazon tweeted it was the biggest 24-hour sales day in amazon history, at least day one. we are still waiting on final numbers. there were some shoppers complaining that they were seeing technical glitches. there was a spike in service for canceling amazon prime. so, presumably some of those people bought some things and wanted to cancel. what is the verdict so far, 36 or so hours? brad: sitting back and watching prime day, you have to marvel at what a marketing event they have concocted out of thin air. they created a holiday season in the middle of the summer. a holiday season brings with it a lot of problems. you've got porch pirates. you've got disappointed customers. all sorts of things, the frenzy. overall, you have to sit back and admire the company for bringing itself to a peak season in the middle of the slowest time of year, right? they have created a frenzy where otherwise it would not exist. they not only have done it themselves, but brought the rest of the online retail industry with them. you see everyone else offering sales as well. canceling prime is funny

what does this mean for amazon then? spencer: it is tricky news for amazon. they have enjoyed rapid prime member growth. once they lock in a prime member, they can count on that for more sales through the year. the typical prime member in the u.s. spent a little more than twice as much what i nonprime member does on amazon. prime, even though it is a big tale of deals, the revenue they make is not as important as a new prime member sign-ups because that is where the revenue keeps coming year round. the indication that people who were not prime members are simply joining for a brief period to get the deal and backing out is bad news for amazon's prime member recruitment strategies. paul: what are people buying anyway? some of the purchases do not sound terribly glamorous. spencer: it is not much different from previous years. big emphasis on amazon's on gadgets like the echo speaker, fire streaming stick device, e-readers. it is typical from previous years. some kind of lingering favorites like the instant pot that is selling well and some laptops and electron

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

. >>> 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

asked the governor how he planned to bring amazon and others to the state. income tax and a very low business taxes. we have a tax structure that is randomly to businesses. soundly managed. companies know that so they sort i look athan incentive packages that states have to offer. we certainly deal with companies in that way. we incentivize companies to come there. they look at workforce development and we have done a lot in our state to create workers for companies that are coming there. particularly tech companies and technology-based companies. our administration has done something called a future workforce initiative that is establishing the kinds of education curriculum and pathways that will create the workers for the future. a presence has there. what in the future do you think you can offer tech companies? you are obviously making the case here in san francisco this week to put a bet on tennessee. >> the biggest thing we can do is show to them our commitment for workforce. jobs requirelated a workforce of the future. they require an education system

an explanationto about the amazon complexity. >> amazon has this dual role, hosting a number of businesses , but also competing against them. we are looking into their use of data to see if it is in a fair way or will there be a case? to discuss,ng us our senior tech editor, brad stone. how big of a blow would this be? >> in the short-term, probably not a big blow. these things take a long time. google is facing $9 billion in eu fines. it has been appealing them, so that continues. this is the beginning of an investigation. or at least the expansion of an investigation for amazon in the eu. i think vestager is going to demand a kind of level of information that amazon has been unwilling in the past to provide. to the extent of which the company takes data from its marketplace how certain products are selling. seasonally, overall. and then moves those products into its first party marketplace. in other words, decides to sell what other sellers are offering, itself on the first party marketplace. amazon says it does not look at individual seller's data. if vestager could demand information f

amazon is lagging, off 1.9%. net sales looking good. -- operating income will be $3.1 billion, the estimate was more than 4 billion. alfa bank -- alphabet was killing it. they will be buying back shares and beat net sales and profit. a nice move in the other revenue. intel, athen you have big chip maker. they are guiding higher for the third quarter and the full year. they beat on second quarter revenue and starbucks reported fastest cell growth they have seen in about three years. that is largely because of the higher traffic and they are boosting full-year outlook to about 282 per share. that is from a range of 275. taylor: we are going to stick with these earnings. i want to bring in bob o'donnell, chief analyst at a consulting firm. thank you for joining us from san francisco. i want to focus on amazon, because those shares are declining among what has otherwise been positive news. we were expecting a margin hit, given we have been investing in that one day prime. investors seem more caught off guard then we

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

two or three times as much as nonmembers on amazon. the big business is locking them into get that big spending going forward. tell us a little bit about the competition that amazon has seen from rivals. wal-mart said, amazon is doing a two-day sale, so we are going to do a four-day sale. they are starting the day before prime day, ending monday after. bargains on whenever junk you need. specifically having a computing sale on the same days as prime day. the most interesting was ebay, where they did their crash sale, kind of mocking amazon's web glitches last year. a lot of customers frustrated. ebay launched a crash sale, crashes, jumpazon on over to ebay and check out our deals. they even had a commercial poking fun at prime day, saying they are selling a bunch of junk. see the real things on ebay. amanda: always great to have your thoughts, thank you. a quick reminder, you can catch all of the interviews on the bloomberg. the function is tv . from toronto and new york, this is bloomberg. ♪ i am mark compton with bloomberg's fi

that really advantages someone like amazon. we always see amazon increase their share later in the season as consumers don't have the same confidence in getting their deliveries on-time with other retailers as they do with amazon. that season will really be to amazon's advantage. that is one upside to q4. an,ly: that was andrew lipsm analyst for emarket. coming up, we invite some of the biggest tech companies to talk about the fallout from the trade war and the ban on huawei. and if you like bloomberg, check us out online, on sirius xm. this is bloomberg. ♪ emily: white house officials said they would send a delegation to china next week led by robert , lighthizer. this is after a high-level meeting with the trump administration and ceos from google, brought come, cisco -- brough broadcom, cisco, intel, and qualcomm. it was geared towards easing a sales ban on huawei. i spoke to a representative from arizona's seventh district. >> while huawei is not an independent actor, it is an arm of the chinese government. you cannot tru

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

amazon's financial future may be in the cloud. mullins.ve with scott let's get a check on the major averages. it sure did look as though it was earnings and not trade talks driving the action today. we check out the averages, and we can see it is pretty lackluster. s&p 500 off the lows of the session, we are seeing a couple key pockets of moves up and down based on earnings. philip morris with 8% at one point. we did see a rate from the philly fed factory surging. financials were up. consumer staples were up across the broad market. here is one we are watching to give you a sense. that is netflix. declineot seen a sharp since the court where it split its two businesses, the online streaming and the dvd. this is a two day look at it. and almost 12% decline. as a $15 billion drop in market value. as it dropped u.s. customers amid new competition and how much it is pending. shery: i'll focus this week has been on the earnings coming out of the u.s.. in the backdrop of this recent rally that we have seen, before the reason losses this

this is amazon's debt to revolutionize retail. carol: i was fascinated by the weighing of items, people moving products around if something is on the wrong shelf. tell us how it works. is something my colleague and i were curious about when we started to research this. one thing i knew from following amazon was they have worked on this for an extraordinarily long time. probably longer than most companies would invest. they start this in 2012. jeff bezos told a top lieutenant, figure out a way to do something unique in retail. this is what they went on. they investigated a number of to removeke it work the lines of the checkout. they were looking at rfid chips and packages, having customers scan barcodes. what they landed on was the combination of computer vision sensors. there are cameras on the feelings. there are cameras behind the shelves. there are weight sensors in the shelves. --combines a shattering smattering of inputs to figure out what has been trade away as opposed to what has been put back. the other thing is there is

jason: i love catching up with brad stone on amazon. he can go deep on the amazon go story but then we get to spend a little extra time with him. check that out on our podcast. carol: and you can find more stories on businessweek.com. jason: and check out our daily show. carol: more bloomberg television starts now. ♪ ♪ emily: i'm emily chang and this is the best of bloomberg technology will bring you all of our top interviews from this week. tech on the hill, all under scrutiny this week. representatives from amazon, apple, and google, all on the defense. plus, netflix needs to get stranger. subscriberge after a plunge -- dip.

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

give us a sense of how big this is for amazon. sarah: there is expected to be $5.8 million in sales that would be an 11% increase in what it saw last year. it is important day for them to satisfied customers and an important day for them to remind people why they have a prime membership in the first place. we reached this moment where walmart and target are starting to match the speed of shipping that has been promised by prime and doing so without a membership. this is an important test for amazon to show why people should be shopping there. wonder how much amazon has created a new shopping holiday that work for everybody. we have seen other retailers that we are cutting prices, too. not just shop at amazon. you will have to go to school at some point. why not start in the middle of july? sarah h.: this has become a rising tide that lifts all boats. 250 retailers expected offer sales today, compared 194 last year. this does into be moving back to school shopping season into july. usually august would have been peak. it is now spu

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

that includes amazon and google. jason: we spoke to neri about his plan. >> we believe the future will be eccentric and clout central and data-driven. and the cloud has to be closer to where the data is being generated. that is the edge. the edge is where we live and work. that's where the action is. so we have a clear strategy, to provide the right conductivity with a secure connection, analytics, and move computing closer to the data. it is cheaper to move the cloud to where the data is. not the data where the cloud is. so we have made a bold statement last year to invest $4 billion to develop that set of technologies that will accelerate outcomes. carol: how much pressure are you feeling from the likes of amazon, google and others? i know you have a partnership with google, but some of these other companies that have put their stake in the ground. how much pressure do you feel from them. >> many have moved to the public cloud. but when you look at the enterprise level, even the midmarket, see that not many product

alphabet and amazon earnings after the bell. what to expect and the numbers you need to know ahead of that, when we come back. this is bloomberg. ♪ this is bloomberg markets. i'm shery ahn in new york. amber: and on amber kammer into rocco -- in toronto. onslaught ofe an regulatory scrutiny and including a $2 billion charge tied to its ftc settlement, the social media giant still reported better-than-expected second-quarter earnings and revenue after an initial advance. shares are now down over 2%. for more insight, let's bring in our senior equity analyst. he has a hold on facebook. great to have you with us. so investors did like what they saw in the performance of facebook. they don't like the regulatory environment at the moment. does the stock price right now reflect that environment? so, actually. it is pretty much the regulatory environment, the additional costs that facebook can incur because of that will keep the stock down. i think it will limit the upside to the stock, and it is trading pretty much where we valued i

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

at this point, amazon's u.s. e-commerce sales are not growing entire u.s.than the e-commerce market, and to me that is a little visually and. -- a little bit worrying. we will see how they do in the third quarter and beyond, but this company's growth is slowing down. at the same time, it is spending more on things like warehouses. the margins people have been excited about and amazon are coming down at the same time the growth rate is also doing that. emily: ross, tesla coming up next week. i know you always have provocative thoughts on tesla. where is your head at? ross: i am excited for next week. tesla has gone through an enormous growth phase. the first quarter was a stumble, trying to get that international rollout, but it looks like they have been successful with it. delivery numbers are over 95,000. i expect them to make a profit. the street has said this company is dead and bankrupt, and that has proven to be untrue. cars isnd for ev continuing to explode. the heat in new york is so bad today, if this doe

putay, amazon said it would $507 million in deliveroo. spurnede bond investors by credit derivatives at the end of last year are increasingly willing to test out alternative ways to cut their risk. here to explain why they are looking into that is our credit reporter. set you up nicely. no longer credit derivatives? >> a big problem right now is in you are looking at a credit investor, these derivatives are not matching the airport only does. that can create a lot of issues especially when you think back to late 2018, we had that blowup at the end of the year and those derivatives or not effective hedges. a lot of investors are looking for alternatives. maybe looking for an etf bacon short or long. others like total return swaps as well. taylor: we have learned a long time that credit derivatives do not always follow hundred percent bonds. >> hedging is really popular again. we have this year were investment high-grade and investment are up 10%, you have these trade war issues. investors are looking to cut their risk. it is more relevant

amazon misses estimates and disciplines forecasts. amazon web service also comes short. deskn secretary of state secretary of state mike pompeo says he is willing to travel to tehran. and, the e.u. immediately rejects ellis johnson's demand for a better brexit deal. jean-claude juncker says the current agreement is the best and the only two possible. good morning everyone, good afternoon if you are watching from asia. this is? >>? > "bloomberg surveillance," i am francine lacqua in london. >> shares are moving higher by more than 7% for vodafone, spinning off their european business, saying that they might ipo. still, it will be officially super and entity in may of 2020, so we are seeing big gains. kering is on of the bigger losers unlike vodafone, dropping 7%, on track for the biggest loss since 2018. it is all about gucci, gucci is not so gucci anymore. sales flatlining after three years of breakneck pace. some of the comes are difficult. analysts are still bullish on the stock despite the sum of today. finally, anglo american had. positive earnings yesterday but toda

. >> nobody knows amazon like brad. he is the person to dig into jeff bezos's next attempt to slice into retail. uber might want to take a page out of jeff bezos ' book. carol: this is bloomberg businessweekcarol: ♪. jason: welcome back to bloomberg businessweek. i am jason kelly. carol: i am carol massar. still ahead, businessweek talk. solutionus, a special section called prognosis, meeting health care issues head on. carol: it has been 15 years since the first moon landing. how we got there. jason: we begin in the features section. the company that reinvented retail are not done. this is called amazon go. major cities in america, you may understand it. we went to the guy that literally wrote the book on amazon and bezos. >> there are 13 of them now. san francisco, seattle, chicago and new york. they are adding them slowly. it is best described as like a convenience store where you can pick up lunch or breakfast, a smattering of grocery store items. the big innovation and the reason things -- amazon has been working

facebook, amazon and google parent alphabet fell. suggesting policy missteps on trade talks and brexit could derail a projected rebound. the fund expects the world economy to expand 3.2% this year, slightly more next year. about 1/10 of a percent down from its forecast in april. that lowers expectations from what what already the lowest since the financial crisis. the bank of japan is likely to lower its forecast for the year. they also downgrade some of its growth projections when policymakers meet next week. the bank will cut its out -- inflation outlook to 1.1% for the year through march to reflect the impact of lower mobile phone charges. growth forecast may be ranging due to global uncertainties. british business is morning incoming prime minister boris johnson that he must avoid leaving the european union without a deal. johnson goes to downing street reiterating his pledge to leave the eu by the end of october, whether or not an agreement is in place. the confederation of british industry says that would be hugely worrying and

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

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

couple that with technology, amazon, we have a lot more goods. consumers are a lot better off now than ever before, and that's fantastic. but one thing powell mentioned which is important is the trade tensions, and -- they call it a crosscurrents. i would call it a negative on the economy. that is potentially dragging things down. they are now engaging in what they call accommodative policy of these other bad policies in the global economy, we are going to try to potentially counteract that. i'm not sure if that is a good idea from an overall perspective to be hiding problems. the more we hide problems, if it willtart coupling, it eliminate the ability of people to observe what is going on in the economy. shery: to your point, there has been so much uncertainty. this chart on the bloomberg showing monetary policy uncertain the, in yellow. trade uncertainties biking, the line in white. it is abouter said the health of the american consumer, so when will we see consumers take a hit from higher tariffs? who pay the consumers and also the american an

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

emily: next week, we have facebook, alphabet, amazon. i have a chart showing how microsoft has surpassed all of that. ross, what are you watching for next week? ross: i think all these companies are taking a different path. we used to look at it as they all kind of rose and fell together, but it is now as if they are all separating into their own orbits. it was from the explosion of facebook being a corrupt company. facebook is doing well in the advertising format because instagram is still a juggernaut, but their fines, their legal bills, the regulation, i just don't see a future where facebook is not heavily regulated going forward, and i think they are very clueless, and libra kind of proved that. on the others of the coin, we think amazon is doing well, and they are dominating the markets and continuing to drive growth in many areas. it is probably one of the most innovative companies in the world to this day, despite their size. as we go through different things next week, i think we will start to see divergence of the pads of these

all of it stored on amazon web services. a former amazon employee has been charged. shares spiking after hours after reporting third-quarter results. revenue topped analyst estimates. apple saying it remains optimistic about potential sales of new iphone models set to hit the market in the fall. for more on apple earnings as they are unfolding, we are joined by max from bloomberg businessweek, with me in the studio. walk me through this. iphone sales missed estimates, services missed estimates, the forecast beat. what about all of these other indicators? is an interesting report. i would have said there would be no way they would be on top and bottom line. wearables was a big plus. they also used about $21 billion of cash on the quarter to repurchase shares and increase the dividend. they did some other things to kind of help along which initially you would have thought would have been a tough quarter for them, at least based on how they missed estimates on revenue and also services. we have the president warning that the trade war may not get that are anytime soon.

like amazon's strength for example is its infrastructure services. or salesforce cloud streams as a customer relations and management platform. you see companies that are kind of buying into these services and using these clouds for different types of reasons. and what ibm is attempting to do is to become the glue that will stick together or connect all those different clouds onto one platform. so you may be a company that needs to use salesforce for a particular reason and needs to use amazon for a different reason. that means you may end up with up to 15 different cloud providers who all operate independently in different silos. you have no way to actually bring them together. ibm is hoping it will be able to become the connective tissue that in essence aligns all the different clouds under one platform. and one of the really interesting things here is this idea, this kind of strategic move to become partners with some of these former competitors like amazon, microsoft, or google is what ibm actually did back in the 1990's regarding its global busi

she plans a formal investigation into amazon. >> amazon has this dual role. they are hosting businesses but also competing in the very trade they do. so now we are looking into their use of data to see if this is done in a fair way or if there will be a case for us. >> north korea is likely suffering its worst downturn since the 1990's when it battled floods and famine. that may have lost as much as 10% of its population. the bank of korea estimating if ,ontracted by 3.5% in 2017 leaving the economy roughly the same size as the u.s. state of vermont. and bill gates, never ranking lower them number two in the seven-year history of the bloomberg billionaires index, until now. he has been taken over by lvmh is bernard arnault, company shares rising to a record and pushing his net worth to $107.6 billion, more than 200 million ahead of gates. global news, 24 hours a day on air, on tictoc, and on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. nejra? nejra: thank you so much. let's kick it off with trade a

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

it is something amazon typically has not done. they usually have their own deals and known products like their echo speakers and such. this is the first year amazon has really embraced celebrity star power to maintain the hype around this event which is now in its fifth year and facing a lot of competition. shery: we have seen them rely on mainstream marketing methods in order to gain more market share. what do we know? spencer: they were using people like mark wahlberg to sell protein powder and kobe bryant to sell deodorant. kind of mainstream actors and athletes in the u.s. very difficult for marketing. even some of the people that they have pushing merchandise on amazon also have deals locked up with their biggest competitors like walmart and target. it is a new phenomenon for them. shery: spencer soper, thank you so much. we have breaking news. the manufacturer ams is saying they are ending talks with -- the german lighting firm. we heard they have made a fresh offer. we are hearing ams saying they are ending talks. plenty mo

being inof amazon state-of-the-art technology. here they are in plywood mockup of a grocery store and you have amazon employees posing as cheese mongers and butchers in a grocery store and jeff bezos comes through to test it out. get rid of this. he did not like anything that would slow the process down for consumers and got rid of the cheese and meat. i first heard this, but to make itt, the way jeff bezos wants it, it is a 7-eleven. they have to spend millions of dollars in cameras and technology so you have a 7-eleven they go to. peter: they have people who walk out of 7-eleven's without paying now. literally scan on their go app when they come in the door and never touch their phone again. they just walk out the door. david: that doesn't make sense. peter: they had to put scales into the shelves so if you took an item off, you had to tell if there was a 1.5 grand item or a 1.7 graham item and that helped tell them what was being sold. alix: amazon go would not have slurpee's. it would not take long to replace it. we know that

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

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

twitter added 5 million users, but amazon, not so much. costsprofits missed on associated with one-day shipping. and we have been tracking the 10 year bund. the 10 day chart, down most of these days. losing six basis point. moving up yesterday on the less dovish tone than expected, but today we have german bunds rallying once again with the yield near record lows. guy? guy: this week has been fascinating if you are a bund watcher. btp's as well, a 20 point range yesterday. past the hour. larry kudlow has been speaking over the past few minutes and moving markets. couple of comments driving the market moves. the first one is that he is saying that the white house rules out any form of currency intervention. we are seeing, as you can see, a tick up in the bloomberg dollar index, and running over just a touch. there has been some speculation that sits side-by-side with the president the text that presidents attacks on jerome powell, that this is a lever that the president would pull. he has made comments about other countries come in his mind

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