>> reporter: hey, jon, it was close, but amazon edged out facebook for that top spot amazon web services is locked in a fierce battle with microsoft over the pentagon's $10 billion jedi contract. amazon spent $4.15 million on lobbyists in q2. facebook, $4.11 million. it was very, very tight. facebook has also faced some tough questions from policymakers about deep fake video and the launch of its cryptocurrency, libra. both of those companies appear to have set quarterly records for lobbying dollars third was alphabet, google, which was the top spender last year overall and actually decreased the money it's dedicating to lobbying from $5.8 million a year ago in the quarter to nearly half that amount last quarter. this amid reports that google recently fired several longtime lobbyists. microsoft and qualcomm rounded out the top five their spending on issues like data security, internet privacy, and competition as government scrutiny on those topics intensifies. during the quarter, top tech companies like facebook, amazon, apple, and google were also in the news about potential government

that's a big part of why we're as positive on amazon as we are. a lot of those store closures are happening in apparel, department stores, and footwear. all areas that benefit stitchfix. so to the extent that you live in a part of the country and you're losing access to a lot of your apair options, stitchfix actually becomes pretty powerful we've also done a really good job recently of launching new products around men's and kids we're launching in the uk. and their algorithms, the underlying piece of it that makes sure you get what you want has also gotten better >> you mentioned amazon. how big of a deal will prime day be for the country next week >> it's a big deal from a marketing standpoint and a customer acquisition standpoint just to drive some attention in terms of numbers, it doesn't really -- one day is not going to make it or break it for amazon more importantly for us is the fact that they're putting $800 million into same-day delivery, which means you're going to be getting your products faster, it opens up a whole new part of the wal

but there are deals abound beyond amazon. it's now a shopping event across retail, retailmenot counts more than 250 retailers offering deals around prime day, 40% more than did so last year. sales force says total ecommerce will see sales grow 51% this prime day compared to last year. adobe, a bit more bullish, for the largest u.s. retailers forecasting 49% sales growth on this prime day and if amazon's site goes down again this year as it did last year, it just opens up more opportunity for competitors, though jim shabai, the vp of amazon prime says there won't be a problem this year. >> we've worked really hard this year to make sure we've ironed out all of those technical glitches now 48 hours, over a million deals, deals being released every five minutes we're confident all of our members will have a great experience >> at least so far, no glitches on amazon or other websites have been reported, but we're watching it. we've got many, many hours left to go still. more kb moregan? >> yes, we do. i'm sure it's going to keep

amazon is the flavor of the day in the situation >> is there reason for regulators to think that amazon is implementing anti-competitive practices in its different businesses >> well, the thing is actually organically competitors are rising that are start to go quietly compete with amazon. i think there's an organic market practice. you have the google antitrust in the u.s., the huge if a is book fine recently, $5 billion. that should be trillions of dollars. i think regulation is often a measure of societal animous. >> if you were to rate on a spectrum the names of big tech companies with liability -- >> right >> who is on top >> i think they're the folks you're seeing at the hearings today on the hill. it is amazon it is facebook it is google it's the folks who have an enormous amount of power at least in part as a result of the tremendous amount of consumer data that they have and the requirement that is going to come along that they manage that consumer data in an intelligent fashion. so, again, amazon's got a number of other of these companies have anti-competitive questions, part

shelton when we return, it's been a 25-year run since amazon was founded. what can we expect from the company's next quarter century we'll discuss. >>> good day, everyone i'm tyler mathisen in today for scott wapner on the "halftime report" today, are the bulls offside on the fed after today's solid jobs report? we'll discuss that one plus, we will debate a serious warning from one top wall street firm, advising investors to get on the sidelines quickly we'll tell you who it is and why they think that. and where the investment committee hit and missed in the last three months. we've got the quarterly report it is all ahead today at noon eastern on the "halftime report." deirdre? >> tyler, looking forward to it! now, today is a birthday for amazon, turning 25 it was on this day back in 1994 that jeff bezos filed the paperwork to create what was originally called cadabra. now it's a household name, amazon the next quarter century, though, is likely to look a little different today today the uk's competition regulator says it is reviewing amazon's recent inves

amazon giving us a glimpse into the action from at least the first half so amazon says worldwide sellers predominantly small and medium-sized businesses saw the biggest 24-hour sales day in amazon history now, the company also says it sold, quote, millions of alexa-enabled devices, including the fire tv stick with the alexa voice remote and the echo dot. nerd wallet does verify that prices on those items were lower than amazon prices on black friday other top-selling items again this year include that instapot. everybody wants one and the lifestyle personal water filter as well as crest 3-d white professional effects whitening strips data from edison trends suggest this year's prime day event might have gotten off to a slower start than the previous two years because it began at 3:00 a.m. eastern time instead of 3:00 p.m. last year and then 9:00 p.m. in 2017. so that makes sense. nobody'sprobably shopping whil they're sleeping now, amazon may have introduced the event, but more than 250 retailers are offering competing deals. adobe an liquidates say that large retailers with at least $1

can it continue to fund all these expensive forays that amazon is doing? we know one day shipping is going to cost more than that $800 million initially estimated but as the cfo said they've been down this road before and so have investors which is maybe why you're seeing it only down 2% >> earlier today was on pace for the best session in a few years for alphabet and constant currency website growth up 150 basis points sequentially it's the third largest going back four years. a week where we've heard reacceleration, best acceleration a number of years for several companies. >> and we did get that $8 billion annualized runway on google cloud business and wondered if you would get more granularity with thomas coming in from oracle with a new team in place reaching out. talked to him a couple of times. now we're starting to get metrics which will be important. >> some metrics. it's amazing we don't know if or how profitable google's cloud division is when we do have a lot of transparency into amazon's and more microsoft. josh lipton spoke with the cfo after

tech stocks ahead of some big earnings later on in the week obviously, we'll get facebook, alphabet, amazon, intel, and twitter all before friday afternoon. bob pisani and mike santoli here at post nine on what to look for and which print do you think we have the most confidence in going in that was a question for cramer today. >> which print we're going to hear from this week? >> he thought maybe google had more liability >> well, google's in the penalty box of those four, so i think probably does have the most to have prove also, perceived to be the company that cares about making the number least i don't know if that works for them or against them in terms of setting expectations but this time i think what's going to be most interesting is how the stocks react and what was already built in or was this just kind of a big trade into big cap growth and we're not really talking about the quarterly results. it's just a placeholder type investment or are we really banking on great numbers from the likes of facebook and the others? i mean, microsoft is really interesting. flawless quarter, stoc

industry has prided itself on having great mathematicians to process data, but google and facebook, amazon and microsoft have the actual data as well as -- to process it, which is a huge advantage, and you can see amazon going into portions of the health care insurance market and presumably other insurance markets. you can see google making plays that suggest that they're starting to look at financial services obviously now we have facebook with its effort in libra, and i look at this and i think the financial services industry is incredibly vulnerable, unless regulators step in and require the tech giants to observe all of the same regulatory constraints that have historically been applied to banks and insurance companies. at the moment, the way the tech guys are approaching this, they're just going to move fast and break things and that shoul give everybody a lot of pause. >> always great to get your thoughts hope you have a great 4th of july holiday. >> happy 4th of july. >>> broad cam nearing a deal to buy symantec josh lipton is in san francisco with more. we're certainly seeing those

either that or we're going to see the actions of the government relative to google, microsoft, and amazon affecting those stocks in a manner more similar to what we've seen already at facebook. because i don't think this is a facebook exclusive problem they have cambridge analytica. the other guys didn't have that really bright, shiny light and there's a film out just yesterday on netflix called the great hack which really delves into that which i think is going to increase pressure but at the same time, i do think you have at google all kinds of regulatory issues on the horizon. >> it feels like what you're saying is everyone is reacting to what they're doing, but what if all of a sudden lawmakers get proactive or do you believe that that's just not going to happen? because that could fundamentally change their business model? >> from your lips to god's ears as far as i'm concerned. because i spend a lot of time in washington and the thing i can tell you is inside the trump administration, both the department of justice and the -- in the anti-trust division and the federal trade commissi

i mean, amazon is off a hundred bucks from july 12th, but really, in kind of a weak take for large cap today, as well it's hard to read. >> true, indeed. >>> let's get over to sue herrera now for a knnews update. >> here's what's happening at this hour. president trump talking to reporters before heading to historic jamestown in virginia to commemorate the 400th anniversary of american democracy. he says black legislatures who plan to boycott his appearance are going against people of color. >> they're so happy that i pointed out the corrupt politics of baltimore it's filthy dirty, it's so horrible, and they are happy as hell so you may have a couple of politicians boycott, but it's all a fix. >> thousands of sudanese students have taken to the streets. security forces fired live ammunition on monday to disperse student protests, killing at least five people. >>> and take a look at this. a cable stayed bridge with the world's largest and heaviest span was rotated into position in northern china and that bridge will have eight lanes on its 130-foot-wide deck the bridge's total weight, i

i'm glad that microsoft and amazon are still in there fighting this. they are willing to work with the military i think we could use a lot more of that and i would love to see more companies in the mix. >> i would note that four republican congresspeople, mac thornberry, elise stefanick, robert whitman and michael turner did send a letter to the president encouraging this process on jedi to continue to move on a pace, saying, quote, we believe it is essential for our national security to move forward as quickly as possible with the award and implementation of this contract. now we've talked before about silicon valley and the u.s. government and the importance of the government having access to the latest and greatest in ai. that's why you started anduril as you continue to watch the ai space, the advances on both sides on this, how do you feel about the u.s.' position >> i think we're in a very good position right now we have some legacy advantages we also have most of the best universities we have many of the best sciences that are working in this ar

. >> lee, do we think this happens to amazon and hbo, when they have a quarter that's not so strong as far as either sales, you know, not a big holiday, or there's not a "game of thrones" that subscribers actually drop that much -- we don't get that kind of visibility into their subnumbers, but is this unusual? >> it's a great question for hbo, we could see that happening in terms of how the content slate lines up amazon, obviously, a much different animal they're really monetizing their subscribers through ecommerce channels and much different than, say, one title on amazon instant video. >> but maybe that's why they came up with prime day >> certainly not a bad idea >> hollywood's got to be saying, welcome to the party in terms of just how hard it is to create hits, right? you think that's something that netflix is figuring out now? >> i think that's the right question and in hollywood, content is king and netflix's subscriber numbers continue to prove that out and you know, if netflix is going to be a more hitch-driven business, investors will be asking themselves, what multiple do

names overall have done so far year-to-date, facebook up, what, 47%, amazon up more than 25%, apple, 25%, netflix up 27% good evening is the laggard. but is there still room to run in some of these names that have performed so strongly in the first half >> yeah, as you mentioned, f.a.n.g. is up 27% year-to-date. so with that kind of gang, you tap the air brakes a little bit and do a check we do think the fundamentals are still very good. if you look at the rally we've seen, it's largely been in growth we're starting to see on our trading desk a shift back to value of sourcing, clients move back to value-earned names that will benefit someone like a google going forward, given the run we've had. but we continue to be really establish on facebook. it's the strongest roi we see in advertising right now. and we think they're capable of $10 of earnings power two years out. and to put a low-to-mid20 multiple on that and you have a 230 to $250 stock. so you still have a lot of room in facebook from our perspective. and again, some of the value names like expedia, google, even in midcap, go

. >>> several hundred climate change activists protested outside amazon's headquarters in paris. the protesters are reportedly upset with amazon, saying the company is representative of policies that exacerbate climate change and nasa conducting a full stress launch abort test for the orion capsules designed to carry astronauts to the moon the capsule was empty for morning demoe, which officials say appeared to be successful. nasa aims to put astronauts back on the moon by the year 2024 >>> you're up to date. that's the news update this hour i'll send it back downtown to you guys, morgan >> that's a big test that space industry was watching, orion, which is made by lockheed martin on behalf of nasa. it's going to be a big part of that push back to the moon for humans >> it's so exciting, it really is >>> when we return, just absurd! that's what tim cook's reaction to a report in the "wall street journal" over the reasons behind johnny ive's departure the editor in chief of the verge joins us next for his take >>> in the meantime, speaking of global markets, what should investors

how the dispute between google and amazon came to a tv. s&p almost went green. down two points. we're back in a minute but we'ra company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >>> welcome back to "squawk alley. we've got a big commercial space deal to tell you about today sir richard branson's virgin galactic will merge to create the world's first and only publicly traded human space flight company proforma enterprise value, $1.5 billion. shareholders of sch, which is a public investment sfleevehicle l own up to 49% of the combined company and social capital's pal happ pa pa palahapatia will become chairman >> this things looks like a software business under the hoot, even though it's flying people to space. so this is, i think, a really compelling risk/reward even taking a general step back, i think i've had a really good track record of being a little bit ahead of some big trends, whether

know, based on their pedigree, they have, let's bo honest, they have built a successful company >> amazon, google, and facebook money is probably going to factor into this somehow or people will expect it to. because phones are an area where all three of these megacompanies have failed to some degree facebook, phone, didn't really happen amazon fire phone went nowhere google has only got a tiny market share with its phone. do you expect them to kick in to help dish or whomever else to actually fund the marketing for this network >> well, i think they should i think if you're smart, you would come in and say, listen, here's a player that needs help. let us come in and let's be able to help them but they've got their own issues with who they're dealing with, so they'll make sure they're careful when it comes to the doj. these guys do like to control things they're not good at minority shareholders they like to control and own things i think that's one of the dilemmas i like to face, you're now working with dish as a partner as opposed to owning and operating it >> peter adderton, thanks for

shares of google, amazon, facebook are going to pivot around that over time. joining us with some insight on what this all means for facebook and the sector, is the former u.s. assistant attorney general in charge of antitrust and fobil bear thanks for your time i appreciate it. >> good morning, big news day. >> it's huge i'm wondering where you think the locust is of regulatory -- right now, lets just start with facebook. >> well, facebook, you know, it has resolved its ftc consumer protection privacy issues, but it's obviously in the cross hairs as a successful technology platform, and which may well have engaged in anticompetitive behavior that remains to be seen. there will be an investigation out of the ftc and some point down in the road we'll get an indication about what's going on. >> bill, what happens if facebook -- i should say when facebook messes up again just this week in the past couple of days we've had this news about facebook messenger for kids and how even though it was supposed to be private and controlled by parents, people were able to ge

have companies that you talk about every day with new dna that are all about cloud computing, ai, like amazon going after retail we have, what, 8,000 retail outlets closed in the united states last year or airbnb, you know no buildings, no facilities. and, you know, they're dominating the hospitality industry with the market cap greater than the sum of all hospitality companies in the world. again, it's all about ai, cloud computing. tesla, ai. iot and cloud computing on wheels disrupting the auto industry so we have a new generation of technology and i think the ceos of cat and 3m and boeing and royal dutch shell are adopting this technology so that they can survive and thrive in the new economy. >> you mentioned a number of industrial heavyweights there and certainly i have seen this in the fact that the industrial internet of things and many of the companies are essentially becoming the other tech companies. i would argue that honeywell probably belongs in the bucket too. when you look across corporate america who is adopting this technology and maybe getting it right and who isn't? >> jpm