there's always been a sort of interesting dynamic with investors and amazon amazon was really it really wasn't profitable and told around 2015 and it only started posting real like above $1000000000.00 profits in 2017 and investors are really willing to just sort of look aside and focus on the revenue growth and that sort of helped it become one of the biggest companies in the world despite only having small revenues but what's sort of shifted over the past few years is that amazon's revenue growth has started to slow it's sort of face saying new competition and it's facing just you know the problems that come with being such a massive company and i think that's been really concerning for investors so people really want to see amazon make a big investment and you know the future of growth for this company is so i think they're generally was you know i think investors are looking for amazon to make these investments and they're willing to sort of discount the profits and we did see that and the stock reaction yesterday there was general concern about about the cost of this and we saw the

place amazon business in the process. our financial correspondent yan's court joins us now from was street yes so ali baba taking on amazon going head to head with amazon what chance does on about the have here. well i mean overall ali baba already has some experience in the u.s. and the market to be so business the business market is huge it's estimated to surpass this year trillion dollars so there was quite some potential and if i understand correctly ali baba's going a bit of a different way than amazon so that specially small american companies are going to keep the customer relationships and also the data so that is something that has not been offering that easy. so yes there is a certain chance for ali baba to get a piece of this is a huge market. some new opportunities there then but timing is obviously clearly an issue what impact would the u.s. china trade war have on ali baba's plans to push further into the u.s. . timing certainly could be better in regards to the trade tensions between china and chinese compa

antitrust regulators will investigate amazon the world's largest online retailer to see if its use of other merchants data breaches the block's antitrust rules meanwhile here in germany the consumer protection agency have a victory against the e-commerce giant german authorities are making amazon change how it works with 3rd party merchants in europe both the sellers and amazon need to take more responsibility for incomplete or inaccurate order fulfillment is on will also need to wait 30 days before blocking or closing selling it closing the seller accounts excuse need in exchange germany's federal cartel office says it will drop its investigation into amazon. now the latest figures from the international air transport association show demand for passenger aviation in the next 2 decades is going to surge and the asia pacific region with countries like china indonesia and vietnam among those leading the charge but in europe so-called flight shame is increasing social pressure on travelers not to fly as they're made out to consider the environmental impact of each trip. 100000 that's ho

in new antitrust regulators will investigate online retailer amazon to see if it uses data from 3rd party merchants to improve its own market position the oak were. from the office of the e.u. competition commissioner a stocker follows complaints from merchants who say click and purchase data on their sells through the site are being used to improve amazon's positioning of its own merchandise coincidentally germany's antitrust authority announced wednesday an agreement with amazon for the retailer to assume more liability for 3rd party order fulfillment and let's check in with our financial correspondent in new york he ends quarter ends europe once again applying pressure on a american tech giants any reaction there on wall street to these announcements well i mean we did see it takes stocks a little bit under pressure here in the wednesday session and we do not just get the regulatory oh political pressure out of europe but also within the united states there is quite a debate going on but interestingly enough wall street does not seem to be too call on certain at least at this point if

own merchandise coincidentally germany's antitrust authority announced wednesday an agreement with amazon for the retailer to assume more liability for 3rd party order fulfillment and let's check in with our financial correspondent in new york he ends quarter yes europe once again applying pressure on a an american tech giant any reaction there on wall street to these announcements well i mean we did see it takes stocks a little bit under pressure here in the wednesday session and we do not just get the regulatory oh political pressure out of europe but also within the united states there is quite a debate going on but interestingly enough wall street does not seem to be too concerned at least at this point if you look at companies like amazon but also. google or apple or other companies they're all almost at a record high talking about record to seem to be a little bit of confusion and uncertainty what effect the trade negotiations between the u.s. and china might bring and that is actually causing some pressure not just here on wednesday but to all week long so the record in the recent

in a lot of criticism about amazon and concern about the growing online tree industry would mean for work environments in the united states but one thing seems to be clear that the work campers in kentucky applied to nothing but the lifestyle they chose. it could be a unique place to explore the universe from a wide offering jobs to locals but plans to build a giant telescope of how wise tallest mountain have met with fierce resistance from protest us and they to say the place is sacred. trouble in paradise the construction of the 30 meter telescope on the u.s. state of hawaii's tallest mountain mounted care sparked outrage among locals the $1000000000.00 project is said to be a massive boost to why it's economy which is heavily dependent on blue paint tourism jobs but protesters say the mountain is sacred and they're blocking access to the construction site. we're willing to clear out if the mare and the governor and the t.m.t. promises that they will not build on monaco representatives of the 30 meter telescope remain committed to the project you know we've been working in the comm

and amazon of course is working hard to increase profit and to do that it needs workers they should be flexible and not too costly in the u.s. it's now become quite a trend for workers to camp in vans close to warehouses of online giants ws all of us reports. the recreational vehicle the r.v. a symbol of freedom. home is wherever you take it and were ever work may take you. to camp grow your own the warehouse in hebrew in kentucky is home to a road that doesn't work campers it's 2 pm time to get up for robert barker he works the night shift. good morning good morning robert are you doing good hours here should. it was great ok yeah easy money man you know basically robert you have your whole life inside that man yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've done some also i've worked a job in alaska salmon cannery have worked and beat harvest and. amazon's been really good to me and it's really easy money and allows me the freedom to do what i want. robert is $46.00 he has no partner no children and very few expenses amazon pace's camp side

business news now and amazon is trying to speed up its deliveries and for that it needs and for most of us is thought unusual to move to a different city to take up a new job but in the so-called gig economy moving house to be gay or job can become necessary on a weekly basis while it is in the us the campaign vans in trade as close to the warehouses of amazon and other online giants and they have no fixed address and many actually appreciate the feeling of freedom this lifestyle gives them as did obvious all of a sudden it reports. the recreational vehicle the r.v. a symbol of freedom. home is wherever you take it and were ever work may take you. to. a campground you're on the warehouse and cheaper on kentucky is home to a round it doesn't work camp purse it's 2 pm time to get up for robert barker he works the night shift. good morning good morning robert all you do and good how is your shift it was great oh great yeah easy money man so basically robert you have your whole life inside that yeah i've been living in my van for 6 years now. working seasonal work for amazon and i've don

in terms of amazon, regardless of what happens this quarter it's not the end of the amazon story. in terms of azure, look, it was the slowest growth they have had in the cloud in the last three years i believe, but that's a -- that's because of the size of the base has gotten big, so i still think they can be there and still perform. i don't think the market needs to perform to your point, but i think they will perform. alphabet is the one that i'm worried about because they have had some growth issues even though the growth expectations are very muted, below 20% versus 26% we're used to i shaved a little last week. i own a little amazon. i'd buy more if that got crushed. microsoft is still there, and i bought a little more after the quarter actually i think it's much more predictable earnings stream in microsoft and more analyzable than amazon or the others so i'm happier. >> it was a first-quarter disclosure that have slowdown that really got alphabet, right? >> yeah. >> and that's partly why or a big reason why it's been a lagard compared to its big-cap peers? does the valuatio

the world on these moves a threat to google and amazon in any way well what we've seen recently i mean for example yesterday facebook were fined $5000000000.00 in the us of a previously concerns nevertheless in the next breath they announce some stunning financial figures google has been fined 9000000000 by the e.u. over the past 2 years that's 3 separate fines that add up to 9000000000 and still it posts healthy results so it seems like they've proven that are able to absorb these problems that said it seems like not a week goes by where some country doesn't say we're going to crack down on tech giants the most recent as you mentioned is today australia saying they're going to look particularly at google and facebook and that dominant positions in the advertising markets but we've heard from the just it's departments in the united states they're going to look at big internet firms we expect both amazon and alphabets to be involved in that for their parts from alphabet to said we understand there is going to be more scrutiny and we will engage constructively oh right you know what's re

at the amazon conference, you feel like amazon is leading the world in cloud. at google, you feel like they know they want to. likecrosoft, they feel they know they can and they focus a lot on the incredible reach of every single person in the world and how they can tap them with some sort of cloud service. it is hard to ignore china in that context. emily: if you cannot ignore china, what would the impact of the trade war be? this seems not to be subsiding, so if tensions remain, what does that mean? >> microsoft's strength in china has been around the cloud services. it was early in the market. amazon caught them fast. the market in china is for companies that want to go global or access the cloud services for the offerings they are providing outside china. so that has the potential to go strong, regardless of any iron curtain that might fall. emily: microsoft felt the antitrust pain in the 1990's with big antitrust hearings, but they have been largely out of the spotlight with the recent raft of hearings with amazon, google, facebook, apple all in the spotli

taylor: every time amazon enters the market, people get nervous. we call it the amazon affect. to be fair, these brick-and-mortar companies have done a very good job. target, walmart, of adapting. even when amazon came to the grocery business, walmart stepped up their game with online grocery delivery. what it can be said about these brick-and-mortar companies adapting and still hold onto their market share? jordyn: it says they still want to be in the game. they realize the game has kind of changed. their calculations have changed. but, when people think of going places -- you want to walk in, see things, have that excitement. the walmarts and targets of the world have able to maintain that excitement around back-to-school. prime day is not a real holiday. they are just competing on a fake holiday but they can also play that game too and manufacture some fun discounting days as well. taylor: we are in a whole new world when it is july 5 and we are talking about back-to-school. i just got my summer started. that was jordyn. if you missed the boston pops july 4 fireworks spectac

and i think it's interesting on amazon, i only worry about the top line amazon spends so much money, and i will say this, i have a lot of positions in private companies that sell consumer goods and services in america, almost in every state now, and about 30% to 40% of our sales are now on amazon, and there's good pros and cons to that, but we really want that same-day delivery. so, if there's more capex going into that, i'm very happy with my position in amazon. that's going to be a game-changer for a lot of providers. same-day is a big deal, because it lets you get an advertising spend and get a direct measure to how impactful it is in regional markets, when you can deliver the same day >> we have got another earnings report out, and it's starbucks kate rogers has the numbers. >> very strong q-3 for starbucks here, beat on every metric we'll take you through eps 78 cents adjusted compared to 72 cents the street was expecting. revenues $6.82 billion versus estimates of $6.6 billion. that's up 8% year on year. the company also says that's an all-time high for revenues global comps up

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 searches -- 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. can

>> yes it's 8 billion for 36 billion at amazon which is why amazon going to 37% aws growth isn't that big of a deal it's large numbers microsoft is 17 billion. >> being third in a business -- >> is okay. >> that's one. two i think a lot of the street were thinking more like 6 billion for analyzed cloud revenue and google is on an 8 billion run rate, ahead of expectations 40% growth in quote/unquote other. so 40% of the revenue comes from advertising and cloud and now you have this other unit with some of the bigger bets they have made starting to surprise to the upside. >> you own it you said. >> um-hum. >> i own it too. >> own it. >> do not own it. >> would you add >> everyone owns it. everyone in america owns it, it's one of the biggest holdings most people are in an index or an active fund tracking an index. so i think it's good for the markets overall to have a company like this where expectations were low come along and say we're not going anywhere, we're still google, still alphabet. >> it's a huge name. >> it's 3% of the s&p. >> right. >> would you add it, absolutely. >> why wo

sales are not actually amazon direct they are third-party retailers, in many cases using amazon's fulfillment. it's not just amazon's platform alone giving some argument that this isn't quite as cut and dry as the treasury secretary presented. take a look in shopify it has a $36 billion market cap. that has tripled in two years. and its business is really allowing businesses to compete without being on amazon necessarily, though as part of the latform, you can also operate on amazon. don't forget about etsy. they have an $8 billion market cap. that has quadrupled in two years. amazon was competing directly with etsy. and you know what, they are still doing just fine. one area that has popped out for amazon anti-trustwise is again that third party retailing platform there have been some complaints that amazon has a lot of data about what customer demand is for those third party goods. can then use that against its competition that might be an angle that the feds choose to pursue but we haven't even talked about cloud, kelly you know, amazon has not really tied the retail and cloud businesses c

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

yes, amazon is formidable. you know, nobody disputes that but i think what you are seeing is bright spots in other retailers which have high table stakes and are making inroads. >> an example would be target. somebody else? >> you know we are speaking ever the new ones to the market if you think about companies like revolve, you are seeing where high customer economics, high lifetime value where repeat purchases and gross margin give you a long-term value that customer exceeds the cost of customer acquisition and they have a long runway. >> influencers could replace marketing budgets? >> it is working your go-to-market strategy could be very different and very digital. >> you used to run hudson's bay company, of course that's a retailer. it is a department store we got an interesting call today out of goldman sachs and they are downgrading ralph lauren they are worried about the department store space and sort of that wholesale model with some of these brands do you think that's warranted? >> i think that the t

and let's go back to europe where amazon employs a 7 of the company's german locations went on strike on monday to mandate higher wages the strike was scheduled to coincide with amazon's so-called prime day that's a 2 day discount event on retail giants german workers earn a minimum of 10 euros and $0.78 per hour for the labor union verity says amazon is only able to offer discounts to customers because it doesn't pay its workers fairly . and that's it for me in the business team can of course find out more about these and other stories at d w dot com slash business or on social media which would or facebook i'm seeing bears in berlin thanks for watching. early the good tourist guide fun germany's booming capital i love berlin the scope of the multicultural metropolis you know your attack series the financial landslide like. i love you even want to show it was a certain look southwest like me despite the 15 nations 50 story. and 50 very personal tips on berlin's a very busy joseph. book now in atlanta every week on t.w. . now has it been the star. is facing a mass extinction. you coul

on monday demanding higher wages the strike was scheduled to coincide with amazon's so-called prime day that's a 2 day discount event and retail giants german workers earn a minimum of 10 euros and $0.78 per hour at the labor union verdi says amazon is only able to offer discounts to customers because it doesn't pay its workers fairly . and that's it for me in the business team can of course find out more about these and other stories at d w dot com slash business or on social media with twitter facebook i'm seeing tears in berlin thanks for watching. 80 percent of americans at some point in our lives will experience hardship that. cocoa today girl makes you to challenge. the finest moments. with the exclusive. the must see concerning heart you're a. curious mind. do it yourself networkers to a. subscriber don't miss out. quite melody. later. ready resonate with. the mind amusing. tovan 1st 12019 from september 6th to september 29th. this is the story of a free a simple fridge available all year round all around the world. this is the story of a fruit on which an empire was built on

numbers google pound alphabet crushes their expectations and triples its profits in the 2nd quarter and amazon has delivered growth to. also on the show germany's wrecked causes germany records rather its hottest day and farmers are bracing for a poor harvest. when in rome recycle as the romans do the city is testing a new ecology bonus for train coming. to business to business i'm going to have off as a bell and welcome we begin in the tech world where 2 of the biggest names have presented their figures for the quarter that ended in june quarterly profits google's parent company alphabets tripled to just under $10000000000.00 figures feed most analysts expectations were down to higher effort advertising spent on searches on you tube a different story amazon big spending on speedy shipping meant profits were lower than expected. now we tend to think of on as an as a big online shopping google as a search engine but much of the money these giants make comes from rather hazy source these days cloud computing and. it's division a ws generated more revenue on its own then mcdonald's microsoft's in

. >>> amazon's second quarter misses on the bottom line as its profit streak comes to an end sending shares lower in extended trade. >>> don't miss our interview with renault's ceo as the french carmaker cuts its full-year sales guidance on a degradation in demand. >>> no clear direction so far in european markets after that key announcement from the ecb about forward guidance, the introduction of quantitative easing down the road and what seems to be an almost certain rate cut in september in terms of the individual markets across europe, though, you can see the four major indices in europe are trading slightly higher. the ftse 100 in london about a fifth of a percent higher. similar story in germany we have huge amount of earnings going on at the moment the cac 40 is slightly above the flat line. in italy, where we've been hearing from the two deputy prime ministers about the future of the economy, you can see the ftse mib is in negative territory. media performing well as is telecons technology in europe bouncing slightly higher, up 0.4% the retail sector often facing some challen

this is happening all over the amazon, to create new farmland. the result is that the great forest has never been under such pressure. the us vows to keep up maximum pressure on iran, after it exceeded the agreed limit on its stockpile of enriched uranium. we start in hong kong, where protesters yesterday broke into the legislative council building. the chief executive of hong kong, carrie lam, used a news conference in the early hours of the morning to condemn the protesters. my colleague karishma vaswani has been following developments in hong kong. in the early hours of this morning we heard from the chief executive, carrie lam, who held a news conference to condemn the violence. she said the protesters disregarded the rule of law which is so cherished here in hong kong. those protests coincided with the 22nd anniversary of the handover of power from the uk of hong kong to men than china and against a backdrop of continued unrest over an unpopular d raft continued unrest over an unpopular draft bill, the extradition bill, which if it had passe

now she is taking on amazon. we will talk about the latest on europe's battle with silicon valley, next. ♪ >> they are hosting a number of businesses but also competing against those businesses in the very trade they do. now we are looking into the use of data to see if this is done in a fair way or will there be a case for us? emily: that is european union commissioner margrethe vestager. after five years battling big tech, the antitrust chief will step down from her post later this year but not without dealing one more blow to silicon valley. she plans to open a formal investigation into amazon within coming days. she has hinted for months that she wanted to escalate a preliminary inquiry to have amazon using sales data to undercut third-party markets. joining us to discuss is brad stone. how big of a blow could this be to amazon? brad: in the short-term term, probably not a huge blow. google is currently facing, think over $9 million in eu fines. it has been appealing them so that continues. this is the begi

let's take a look at those amazon results first. how important is growing at sales to their growth and outlook? >> that was one area that was actually pretty strong for them. we saw about a 37% year-over-year increase in terms of their other revenue category, which is basically their ad actually, that was even though the quarter was interpreted as being somewhat negative because they missed on the bottom line, that was actually part of the report that was actually very strong, so that is encouraging that they are continuing to garner more of that online advertising dollars because we saw great numbers earlier this week from facebook and snap in that same space. call: that's the encouraging side of the picture, but amazon has had to defend its story around this one-day delivery. how is that cutting and profitability, and does -- is amazon's story believable going forward that this is the way to go? >> it's not really much different than we have seen from amazon over the years. they came out, said they are going to spend $800 million

. —— and amazon and getting paid to play video games. we start with amazon as shares have fallen after its earnings disappointed investors. revenues for the three month to the end ofjune came in at 63.1; billion dollars. up about 20% from a year ago, just over 2.6 billion dollars was actually profit but the crux is it was less than expected. the company has been spending heavily, some $800 million alone in the past three months, to make one day delivery the norm but it is facing pressure of its size and power and facing an anti—trust investigation as well as being probed in europe. michelle flurry has more. the wave of record profits has more. the wave of record profits has a crested. by more than 3.5% from a year ago but fell short of wall street expectations, worse still, the ecommerce giant want not to expect much improvement in the next quarter as it ramps up spending. investors have been used to amazon the money making machine. they topped $10 billion for the first time. this was fuelled by the success first time. this was fuelled

on monday demanding higher wages the strike was scheduled to coincide with amazon's so-called prime day that's a 2 day discount event the online retail giants german workers earn a minimum of 10 euros and $0.78 per hour to labor union verity says amazon is only able to offer discounts to customers because it doesn't pay its workers fairly. and that's it for me in the business team can of course find out more about these and other stories at d w dot com slash business or on social media with twitter facebook i'm seeing bears in berlin thanks for watching. thanks so much. happening to me. your link to lose from africa and the world. your link to assumption stories and discussions in the muslim student news actually program and from foreign to me from our use of museums and wild with sandy desert called smash africa join us on 3 school g.w. for come. i'm not laughing at the joke well i just sometimes i am but i still laughing which is that the german thinks the printer german culture of looking at the stereotypes quests but in a single piece of the country that i not. needed to take ph

guy had amazon as the bad. facebook is good so my good would actually be amazon my bad would be facebook which makes a good "fast money". here's why amazon is good. they focused on profitability over the last four or five quarters much to, i think, at times disappointment because people were finally looking at this company as a growth company that stopped growing how do you have this multiple. ultimately i do think they will start to give you north of 20% neutral growth and i think that's really the issue. when i look at facebook, despite the fact that it's been and maybe because of it's been such a great run for the stock the realities around the regulatory environment the libra coin is not a game changer for them revenue wise any time soon their expense margins continues to go through the roof that would probably be my ugly if it wasn't for google which i do think is a great company and agree with karen the problem with google right now and what makes this quarter ugly not the company and not the valuation, n

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

of these other businesses that amazon hasn't been successful at advertising. can amazon continue to be as innovative and go into as many businesses, guloseri rgrocery, o >> jason, am i a horse's ass don't answer that question that's a separate issue. you see where i'm going. you can look wback at media companies, conglomerates over the ages, and see that history tells you they rarely stay in tact zpl it's a fair point. there are you know all these software analysts would love for that to happen >> you bet >> aws business and we would be kickoffing the retail. the e commerce side. amazon, we think is going to try to keep their business in tact for as long as they can and remember, netflix got the first competitor walmart, early customer. big competitor, so until you start to see a netflix, a walmart say you know what, we are not doing business with this xwaen, then there's what would be the other reason? so we don't think it happens in the investable future. at least right now >> see you after the bell. >> one tiny issue with your idea these are founder control

david shuckman, bbc news, in the amazon. the german and british foreign ministers have called on iran violation of the 2015 nuclear deal, as gareth barlow reports. european countries climates are called today runs who adhere to its commitments. the landmark 2015 nuclear deal violated, an uncertain future ahead. the secretary general is very much aware of the reports that the islamic republic of iran are may have surpassed itsjcpoa limits ona are may have surpassed itsjcpoa limits on a you reached —— enriched uranium. the plan was left in jeopardy after the united states walked away last year, donald trump, having branded it a horrible, laughable, outrageous deal. he said iran was playing with fire. they know what they are doing, they know what they are playing with and i think they are playing with fire. so no message to iran whatsoever. ever since there was pulled out of the agreement, iran, with its economy crumbling under american sanctions has look to europe to keep the deal alive. that message repeated once more. ca

to favor amazon products? >> our algorithm aims to predict what customers want to buy. we welcome now from washington, david, he served as the policy director of the bureau of competition of the fcc. welcome, good to have you with us. you heard one of the exchanges where you heard lawmakers say you have too much power and you are abusing it in your the tech people say no. is there too much power, too much concentration in big tech today? >> from a competition perspective, power has to be defined in terms of a specific market. you look at the example of amazon, they are in intensive -- intensely competitive retail market. they the relatively small market share. it is important not to look just at size. what amazon and some of these other competitors do is they help make the market more efficient by eliminating middlemen, by having greater at -- access for consumers and ultimately leading to lower prices. necessarily something you need to be concerned about. david: the definition of the market is critical here.

how much of that growth is driven by amazon web services. that's one part of the business that is a huge focus for people. it seems to be less about the retail operations, nmore about growth and cloud >> when you talk about profit, that's certainly the cloud that's amazon's profit engine that enabled it to make so many risky bets and go into new businesses interesting over the last few quarters, we're talking more about advertising. it's in the other revenue category it's been growing very, very quickly and taking on, you know, the duopoly that is google and facebook so it will be interesting. that's a high margin business as well we'll see what happens there we can't get away without mentioning regulatory scrutiny amazon typically plays it quiet. doesn't respond or talk a lot about this i wonder if they can get away with it this quarter with the scrutiny ramping up. >> deirdre bosa, thank you very much >>> joining us now is joel kalina, head of technology and media training over at web bush securities we heard what happened with regard to a

has amazon destroyed retail? the head of the online second quarter results, we will debate that very question stay tuned you are watching "squawk box" right here on -- cnbc these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. who used expedia to book the vacation rental that led to the ride ♪ which took them to the place where they discovered that sometimes a little down time can lift you right up. ♪ flights, hotels, cars, activities, vacation rentals. expedia. everything you need to go. >>> if you look at amazon, although there are benefits to it they've destroyed the retail industry across the united states there is no question they've limited competition. their areas where they've really hurt small businesses. >> that was secretary steven mnuchin right here on "squawk box" yesterday blaming amazon for the decline of american reta

is it going to be a net win for amazon >> you know, we think it will be obviously amazon is showcasing not only great deals, they're showcasing their music they've been spending all week showcasing whole foods they've built a big infrastructure around this prime day, and we think it will be very successful for them. >> is there any indication that this drives new consumer spending, ed, or simply, well, i need a pair of jeans in a month so i might as well get it now because it's on sale and it's kind of a zero sum game. >> we think it does drive new business it creates that spontaneity, that need to buy now and people obviously tend to buy stuff they don't need. ultimately, you know, this is a very quiet time and we think this drives incremental sales across all of retail. >> you've got a $2,100 target on amazon obviously we're optimistic does this matter for amazon? do these 48 hours or so matter to the stock, or is it just part of a longer term, more macro trend? >> i think it's more of a big macro trend, but i think the big fly away with amazon is emphasizing to people it's important

on monday demanding higher wages the strike was scheduled to coincide with amazon's so-called prime day that's a 2 day discount event on retail giants german workers earn a minimum of 10 euros and $0.78 per hour for the labor union verity says amazon is only able to offer discounts to customers because it doesn't pay its workers fairly . and that's it for me in the business team going to course find out more about these and other stories at d.f.w. dot com slash business or on social media which would or facebook i'm seeing bears in berlin thanks for watching. allegations are serious. is turkey's intelligence agency carrying out adoptions across the globe. to men to tell their stories of. jail and torture. other kidnappings if they're the ones beating. up dr. shows up in 60 minutes on d.w.i. . it's time to take one step further. and face some. tough drug just such the other nothing and the fight for the truth. is hard to overcome boundaries and connection. it's time for. and you don't really use coming up ahead. minds. diagram. it's been 50 years since the. sheep was the 1st man to w

stocks, mostly amazon. so this is a play, just so viewers know, this is really a play on amazon >> it is it is. when you take the three products, you multiply the holding of amazon by three so you get a significant exposure to that stock which in the short-term has done quite well >> that is want. what is need >> need is consumer staples. >> toothpaste? >> exactly >> paper towels. >> that defensive play like cycle performer play. it's the consumer is going up sort of holding back but they'll keep buying toilet paper and toothpaste so you have the full staples a good balance sheets, good net income and dividends they don't pop as much lower beta to the market >> we have netflix earnings out today. netflix is a name everybody knows. a lot of people out there may have invested in it. what products do you have that would highlight a name like a netflix? if you're going big -- these stocks can move big. rolling the dice in a big way, is there a way to play netflix >> 3x communications is tak, you get exposure to

they went partnering with the biggest online retailer in the world, amazon. potential home buyers now can go through amazon's turn key portal to a rea ag page where they enter information about what they want anare then connected with a real ag brand agent including coldwell banker, senturynd 21, sotheby's corcoran. they then step back in with up to $5,000 wor of free services like painting, cleaning, hanging your tv as well as p the home installed by amazon after the closing. >> your package comes with a curated suite of smartome products. >> like a ring video doorbell. >> reporter: it is a strategyde gned to boost sales for both amazon and real ag. >> t we need involve the consumer experience with the transaction. thut program is not just a helping people get into the right house with a great agent, but it is about havinge then power of amazon's home services and a fully-equipped smart home be ready for them when they're ready to move in. >> alexa, turn on the tv. >> ok f. >> reporte amazon, the benefit for now is to boost sales of its smart home products l