employers amazon offers more benefits than most of the benefits that come with jobs that amazon has worked as a way to attract new members of the working age population but it's also going to be a way to attract younger members of the sheriff in this country as the price of college or as a way to raise taxes for many young americans a job that pays full time with benefits beyond just medical is a better deal than tens of thousands of dollars in student debt it also allows them to get a head start on saving which is why some people at the job fair were in attendance with their kids so this is a great start for how this is a great opportunity and it gives them a chance to move up and advance you know so that they feel like you. have to make you feel as amazon's labor force grows so does its global presence and buying power and it's making other companies nervous in fact an analysis by bloomberg shows that amazon was mentioned more in earnings calls than anything else including trump wages or trade amazon's recent purchase of whole foods even earned a response from the c.e.o. of mcdonald's gi

its income far outstrips amazon. the higher margins are driving the bullish sentiment from investors. investors see alibaba as having more white space than amazon. alibaba has been rapidly expanding in fast-growing southeast asia and other international regions. not to mention world china. this is a huge area of green space for alibaba to push into and bring the rural chinese online, driving alibaba's bottom line. emily: is it fair to compare amazon and alibaba this way, by looking at their market cap? bob: it is tough. what we are looking at is sort of like comparing the chinese consumer economy versus the u.s. consumer economy. each of these companies are highly associated with the regions within which they play. they are compared because there are similarities. large e-commerce companies. they have made investments in entertainment platforms and services. there are interesting similarities. there are a lot of regional specificity each has. and there are unique characteristics on both sides. the other big point sel

now, there was no q&a session and no further details about what whole foods under amazon looks like amazon said they previous lip don't plan on any layoffs and don't plan to automate the cashier as it does in one of the trial grocery stores and simply that it's excited to add whole foods to its offerings of other grocery offerings now, one design firm, though, based here in austin, ergo design, has imagined a further off future where an amazon whole foods hybrid could change the entire food industry we have some images of their mock-ups representing that vision there's an echo refrigerator with an exterior-facing door that lets vehicles pull up to deliver groceries. they have garage gardens that take local fresh to another level. what they cleverly call produce as a service and car badge as a service garbage as a service and a meal-sharing system that is like a cross between blue apron and airbnb that sounds like a foreign idea, but i spoke to one of the creators this morning, mark barger, who said these are not sigh fie ideas they could happen within the next five years and was inspired b

after amazon in an amazon way i would not just say it's walmart. i'd throw as a pitch like two weeks ago it was best buy for me had a lit to the downside. back near the 52-week highs. why? their e commerce business is competitive and will continue to be they are seeing sales, they're seeing those traffic numbers crease both at walmart and best buy. i think there are ways people want to be in the bricks and tar and if they can use e commerce, it's a win win >> is isn't it odd you just mentioned groceries and now, you start to look at amazon? now you look at the whole foods acquisition. now, they're going after them at what their strength is amazon already has quick shipping you don't need to go to a walmart to pick it up. >> you're saying walmart is going to come after -- >> amazon's going after them already. they have to distribution network. they have groceries now. >> it's not the same segment i don't go into, i'm not like you. i'm just a regular guy i don't go into whole foods. >> no need to be redundant i go into walmart and by shampoo and soap

it's income far outstrips amazon. the higher margins are driving the bullish sentiment from investors. investors see alibaba as having more white space and amazon. alibaba has been rapidly expanding in fast-growing southeast asia and other international regions. not to mention world china. this is a huge area of green space for alibaba to push into and bring the rural chinese online, driving alibaba's bottom line. emily: is it fair to compare amazon and alibaba this way, by looking at their market cap? bob: it is tough. what we are looking at is sort of like comparing the chinese consumer economy versus the u.s. consumer economy. each of these companies are highly associated with the region's within which they play. they are compared because there are similarities. large e-commerce companies. they have made investments in entertainment platforms and services. there are interesting similarities. there are a lot of regional specificity each has. and there are unique characteristics on both sides. the other big point sel

this is not necessarily good news short term for amazon shareholders amazon is going to have to spend a fortune to make this work. that's the type of thing that may not be baked into the stork, but it might be starting tomorrow, when the analysts create numbers for how the new amazon is going to do. it won't be pretty i think the distraction of this acquisition could challenge anyone, including jeff bazos, the wizard of retail but with a snip snip here, and a snip snip there, and a couple of trol-la-las, other companies are catching up. yesterday, macy's brought in a technologist to help their business they need that fresh pair of eyes everyone has a strategy that's been a little more effective lowe's are putting up a big amount of money to make a push on the web the real retail winners have an edge tjx and ross stores have lower prices than amazon, because they buy clothes from retailers and sell it at a discounted price or if it's seasonal, they hold on to it until next year. and i don't know if you caught it last night, but the ceo of sales force told us the story of a bunch of lux

positions amazon is thrilled. to be expanding its presence in local communities it's not the biggest employer in the u.s. but you might assume otherwise after tending one of its job fairs at amazon jobs day nationwide in twelve locations people are lining up for hours just to apply for open positions and we're really excited to see this kind of turnout because across the country we're looking to fill more than fifty thousand roles here in the city and county in baltimore and in the region we're looking for about twelve hundred rolls for context that's nearly a quarter of the jobs added to the u.s. workforce in june alone some of the jobs filled will be part time at amazon sortation centers but a majority will be full time at the film and centers like the one here in baltimore and those full time gigs mean benefits this is a great opportunity it's not to me companies that you can walk into you already shareholders from day one offering your a very good benefits pakistan including your four one k. and a competitive

amazon's sales, so an interesting dichotomy there. >> it's all about the projected growth of amazon. when you seeting that disconnect when you see the size of walmart, the sheer revenue cloud the company has. has all those costs, while amazon turns those costs into businesses themselves. coming up, which you need to note for tomorrow's trading day. this is bloomberg. ♪ >> don't miss this, the jackson hole symposium kicks off tomorrow. at can catch our interview 7:30 a.m. eastern. >> i will look at paul ryan holding a town hall in washington. that is at 12:00 p.m. ,> lots of earnings tomorrow abercrombie & fitch, lots of retail. >> we will see with the ups and downs look like for those. that is it for global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> have a great evening. this is bloomberg. ♪ >> you are watching "bloomberg technology." let's start with a check of your bloomberg "first word news." the stock market has done well since donald trump was elected, but his wealthiest donors, not so much. fortun

impact from amazon across all of retail. as you increase touch points with the customer, especially as it relates to grocery, i think the opportunity is not just limited to grocery but think bigger picture into restaurants and all the way down the supply chain i think you will feel the effects. a big win for amazon to get this deal approved. emily: was in the grocery business, how do you see competitors responding? >> i don't think you can. the problem is the business models are so different. amazon has the opportunity to operate at a target 0% margin. they are able to do that because of the fact the business is subsidized through the cash flow proceeds from aws. there is no grocer that has that luxury and no retailer that has that luxury. that is why you continue to see deflationary impact from amazon. groceryook longer-term, is a massive step toward capturing an even greater part of the broader economy. emily: olivia, what is next? >> i think we can see next what james is pointing out, reader touch points --greater touch p

eventually to amazon prime members as well. shares fell on the news, including sprout, kroger, wal-mart, super value, let's take a look at these moves that have happened intrasession in the wake of this press release out of amazon, which was very aggressive let's bring in joe feldman, good to have you here, joe. >> thanks for having me. >> right in the press release, they say, we are going to lower price, monday, bananas, salmon, lean ground beef all going to be cut within it comes to pricing this sounds extremely

and amazon fresh and amazon prime pantry. there are moving pretty quickly. emily: i'm excited about the price cut on avocados. how does it impact whole foods' reputation as being a premium, wholesome product? david: on monday, i hope they have a lot of vegetables, salmon, and organic chicken, because those stores are going to be mobbed. even if the price cuts aren't that great, and i'd be curious how big brad thinks they might be, because he's the expert. i want to run to the store and buy cheaper, healthier food. there are massive implications about this move by amazon into the real, physical world, that i think we could talk about for days. emily: how big are the price that's going to be? brad -- are the price cuts going to be? brad: we don't know. i assume early on they will be fairly dramatic, because a lot of people will be paying attention. we will see over time. whole foods has been in a little bit of a tailspin, losing customers. same-store sales traffic down quarter over quarter. amazon has the appetite to lose money

and google are both about the same amazon, you can buy on amazon. google you can buy basically everywhere else. for information and tasks that's where google outshone the competition. google is a search engine with all kinds of information amazon does not music. they all have their own music systems. no clear winner there. fun and games. mad libs, things the kids can play by talking to it. google with the advantage. communication. siri on the iphone was the best there. functionality. siri was the easiest to set up it only took a few minutes the other devices 20 minutes each you could be 50 feet away and the devices could hear you speed, no clear winner there but in terms of understanding, human language things, being convco conversational google was much better you didn't have to say "hey, alexa. the clear winner in our opinion and experience google home was the way to go. i don't know if everyone likes that but that's based on our research. >> you know what's interesting to me about that, michael, what do you think, i thought the winner would be am

and amazon fresh and amazon prime pantry. there are moving pretty quickly. emily: i'm excited about the price cut on avocados. i don't know about you, but how does this impact whole foods' reputation as being a premium, wholesome product? david: on monday, i hope they have a lot of vegetables, salmon, and organic chicken, because those stores are going to be mobbed. even if the price cuts aren't that great, and i'd be curious how big brad thinks they might be since he is the expert, but this is a big deal. i want to run to the store and buy cheaper, healthier food. on the other hand, there are massive implications about this move by amazon into the real, physical world, that i think we could talk about for days. emily: how big are the price going to be? brad: we don't know. they did not specify. i assume early on they will be fairly dramatic, because a lot of people will be paying attention. we will see over time. whole foods has been in a little bit of a tailspin, losing customers. same-store sales traffic down quarter over

employers amazon offers more benefits than most the benefits that come with jobs that amazon has worked as a way. to attract members of the working age population but it's also been a good way to attract younger members of the generation especially as the price of college tour is and way to raise taxes for many young americans a job that pays full time with benefits beyond just medical is a better deal than tens of thousands of dollars in student debt it also allows them to get a head start on saving which is why some people at the job fair were in attendance with their kids so this is a great start for him this is a great opportunity and it gives him a chance to move up in a van you know so that they feel like you. have to make you feel as amazon's labor force grows so does its global presence and buying power and it's making other companies nervous in fact an analysis by bloomberg shows that amazon was mentioned more in earnings calls than anything else including trump wages or trade amazon's recent purchase of whole foods even earned a response from the c.e.o. of mcdonald's given its

but one amazon customer said it didn't arrive although amazon records show it did. julie watts tells us about a new delivery scam. >> this is the camera i bought. >> reporter: dave says the third party seller on amazon seemed legit until the delivery confirmation for his order arrived before the delivery. >> i thought that was strange. >> reporter: dave's amazon account only said his package had been delivered to pleasanton, california, which is where he lives. but when he called fedex to investigate -- >> they said no, this is never addressed to your address. this is addressed to a corporate address. >> reporter: where according to amazon, it was handed directly to a receptionist and someone named [ indiscernible ] signed for it. >> that's not me. >> reporter: he is not alone. other amazon buyers are now complaining of what they call a new scam, where third party sellers send your package without the product to another address in the same city where someone else signs for it, creating a delivery record that prompts amazon to deny your claim. >> all amazon at this t

some of them do continue to sell on amazon or they sell through third parties on amazon. and many of them can't ignore amazon. i did talk to one brand, sims fishing, which doesn't want to have any business with amazon a. >> but can't they then sell to third parties who might sell on amazon or? >> well, sims, for example, really tries to restrict who sells their products and they'll cut off folks who sell on amazon. you still find in their case i saw some of their older products on the site, but they do control who they're selling to then they set terms for those resales. >> this must be somewhat of a boon for the local retailer. it gives them a lot more power, does it not? >> i thcink it's helpful for th local retailers. they're looking for an edge, some way to compete. the other thing for the brand, the local retailers will give them feedback, this isn't selling well, change your packa packaging, make it different. the br you'r trying to give consumers reasons to go into those local >> thank you, ruth. a pleasure to have you with us tonight. >> pleasure to be with you. >

actively also been promoting amazon pay off of the amazon platform. we ran a consumer survey, and it is one of the top buttons consumers highlighted. emily: what's interesting about payments is that these companies and services are not necessarily apples to apples. volpe -- apple pay, they have been talking about that. there is also paypal. what is it mean for competitors to amazon pay? >> for the direct competitors to amazon pay, like a paypal, that is particularly concerning. core customers that is a small and medium merging doing -- merchant trying to sales online. amazon is directly targeting and mediummall merchant that may be selling goods to the amazon platform. emily: compared to alibaba and alipay? paypalre familiar with building here in the u.s. alipay buildup as part of the alibaba online platform, similar to amazon in china. recently it has spun out and is starting to expand pretty aggressively internationally as well. recently acquired money gram here in the u.s. and are trying to expand internationally. amazon is entering into so many ne

cory: and amazon is not one of them. amazon is paying boatloads in taxes. shift takingamatic place and the pain being felt this year, where so many retailers are suffering, not because amazon is so powerful but because u.s. consumers have shown a desire to shop online. amazon has been a primary beneficiary of that. it is more about consumer choice than it is about the power of amazon and i think the premise -- president's criticisms are out of place because of what people choose to do. vonnie: cory johnson, we will return. breaking news. the president strategic counsel is set to be defender. his strategy and policy pounds -- counsel which had 17 members left is set to be disbanding. we will bring you more details on that as we get them. the new york times has reported that it might be disbanding, that it was being considered. the manufacturing counsel will make a decision later, as well. cory johnson. -- back to cory johnson. we are not getting a reaction from amazon. will there be a reaction? is jeff bezos big enough to ignore this? cory: i think amazon is

the president is tweeting this morning first on amazon saying amazon is doing great damage to tax paying detailers and they are being hurt, many jobs being lost. he also discussed the special election in alabama saying congratulations to roy moore and luther strange for being the final two and heading to september run ah in alabama. exciting race. the big names reporting today includes target, both earnings and revenue topped expectation, a tough day for retail yesterday and that certainly hurt markets, markets this looking higher. dow industrials up about 50 points. quarter a per can't higher, nasdaq up 17, a third of a percent higher. in europe indices look like this, also gains to report. ftse up two-thirds of a percent. cac quarante in average better than 1%. fiat chrysler teaming up with bmw on the future of the technology. taco bell hopes that you find the new egg shell excellence, scramble to get. [laughter] maria: why the nfl allows your favorite stars to wear personal fleets. what does jack brewer have to say about that? take a look. target results follow a tough day for retaile

it's why we all go to amazon the only way to beat amazon is by becoming more like amazon while this is good news for kors and ralph lauren, the markets were becoming more discerning how much damage amazon can do to everybody. kors and ralph lauren are big suppliers to retailers, but they aren't on the mall hook like so many other players they joined pvh, the f-corps, coach as companies that are embracing the web and making necessary changes in the business unlike almost all of retail, all of their stocks have bottomed and have been flying high ever since. it's important to point out that of all these companies, every one of them, think calvin klein, think pvh, saw so much of this coming that's why he made amazon such a huge distribution channel for his business and a big reason his stock is up 37.7% this year, to a new high today. i've been adamant that some retailers are a lot harder for amazon to kill than others home depot, which faces no real amazon pressure, has seen the stock climb of late. same goes with children's place, a stock that's up huge i wish it wasn't running so hot go

but of those that do, more than 70% are talking to amazon's alexa. less than a quarter are talking to google. >> in the foreseeable future, you'll see more voice ordering and that may be the new mobile as you go down the next five to ten years. >> reporter: i asked walwalmart ceo how accurate the voice ordering is. he said it's sketchy, but as it continues to get better, i do see this as a primary way for consumers to shop in most cases. while walmart will get the benefit of being the first to order history with google, brian elliott tells me there is nothing preventing other retailers from doing the same, even, he says, if amazon wanted to be an order option on google home. for nightly business report, i'm courtney reagan. >> amazon's proposed takeover of whole foods took another step forward. shareholders approved the near $14 billion deal. regulators also cleared the merger saying it does not need further anti-trust scrutiny. both hope to close the deal before the end of the year. the takeover is the biggest retail merger so far this year, and it

those who don't shop on amazon can apply. >> no. i never ordered anything online. [ laughter ] >> oh,. >> reporter: here in the bay area, amazon making its presence known with 6 locations in sunnyvale, palo alto, cupertino and three in san francisco. one of those, a major lease at 525 market, san francisco business times reporting amazon will lease 180,000 square feet in this standout high-rise plus right now on its hiring page, the retailer shows nearly 1100 jobs available in the bay area alone. in some of the facilities, instead of staffers walking to shelves, those shelves come to them. >> so it makes our jobs more efficient for our associates so we continue to hire to meet customer demand. >> reporter: hire, they have done. according to geek wire, amazon employs more than 30,000 people in california making the golden state amazon's second biggest market in the country behind washington state. amazon leads the way when it comes to growth in commerce. online, that is. but as more people shop online, those brick and mortar stars ar

they have also been actively promoting the amazon pay button off of the amazon platform. we ran a consumer survey, and it is one of the top buttons consumers highlighted. emily: what's interesting about payments is that these companies and services are not necessarily apples to apples. you have apple pay, they have been talking about that. there is also paypal. what does this mean for competitors to amazon pay? >> for the direct competitors to amazon pay, like a paypal, that is particularly concerning. paypal's core customer set is a small and medium merchant trying to do sales online. amazon is directly targeting that same small and medium merchant that may be selling goods to the amazon platform. emily: compared to alibaba and alipay? >> we are familiar with paypal building here in the u.s. alipay built up as part of the alibaba online platform, similar to amazon in china. recently it has spun out and is under and financial and starting to expand pretty aggressively internationally as well. they have recently acquired moneygram here in the u.s. and are trying to expand

amazon is in new territory. it has a wired company over the , it always keeps them secretary of its record of an integrator of those companies -- has not historically been great. interesting to see how they will pull this off. >> i was talking to julie about this. site.ing on a third-party of paying withn my whole foods account. is this like apple pay, or i paypal alternative being developed? >> absolutely. amazon has not had a lot of in this payment mechanism -- not surprisingly. that amazoners say is there some for with whole briefing the press release in the past -- that they just put out, the point-of-sale immigrations is the first thing that will happen. going to anutely -- amazon bookstore today, the thing without -- just waving your phone and amazon app, we will see that fairly quickly and whole foods stores. about margins. in some has flexibility when it comes to margins. whole foods has been known of having relatively high margins with the grocery industry. to think those now get compressed, marked does

walmart has to care about amazon's for margin, doesn't seem to have to or have the units like amazon web services to give a cash flow and so forth. how good a retailer possibly compete? is this the walmart effect coming back to bite walmart? >> yes and no. i think ballmer can compete -- wal-mart can compete because walmart is very effective on price. the price studies we do, generally walmart is cheaper than amazon. i think the convenience of amazon's website and the fact that they have this more affluent consumer that is shopping via their website has helped them quite a bit, but as walmart starts to expand their base it little more and get that customer, and drive more sales, that's going to help them. and they already should profit. they are doing things profitably at walmart. they are generating 5.5% margins. vonnie: does the whole foods acquisition hurt walmart in the short-term? is there a response that walmart can get to that, maybe another acquisition? >> it's a good acquisition for amazon. i think it gets a more access to their core customer and get something -- some physica

josh, others are running scared from amazon. not walmart, they seem to be the only ones ready, willing, and able to be able to step up >> yeah, scott, we've been talking about this on the show a lot. i think, i think most of us were excited about the possibilities of the jet.com acquisition this takes it a step further and walmart and google, if both are going to be successful at what they obviously have to do in the next five to ten years, they kind of need each other google's got to figure out the voice internet because if display internet starts to become a dying incumbent thing, where are they going to put the adds? so if voice and virtual and things like that are going to be next, they've got to have an answer to it and google assistant has to have some utility that's where shopping comes in same for walmart obviously, ecommerce, if that starts going toward voice, sitting in your house and saying, you know what, i think i need new paper towels, having your digital assistant say to you, how many would you like me to order or

amazon? it seems like it is really challenging. you have technology colleagues ite looking at from -- at from that perspective, but how you analyze it when it is doing different things and expanding? charles: we consider it a retailer. most of the lion share is from the retailer. it seems like the growth on the revenue side is still going to come from the retail business. somel still see significant growth on other sites, but we see it as a retailer. let's talk about amazon as a credit risk. one of the factors is that amazon's earnings are the tories are choppy.- what about the fact that this is a changing is this model? we don't know how they will be able to integrate a physical grocery store into a web business. happy you factor in those risks when evaluating amazon -- how do you factor those risks when evaluating amazon? charles: that is the elephant in the room. where is the spending going? we know they are spending a lot on fulfillment. now, they are spending a lot and borrowing most of

there's a lot of shorts in amazon i like amazon long-term but they google voice is not as good as i think people think. >> they say that amazon accounts for 45 scents of every dollar online, 45, where as walmart is steady at 2. so there's some low hanging fruit i guess if walmart puts their mind to it. >> i think that jet.com, i notice look at the way he talked about jet.com as being part of the family i think they can do something but that's unbelievable last night when i was talking i said look amazon web services say juggernaut and it is everyone is scared of amazon web services people say look it's coming up. >> and they are. you see snap going up and google is doing well in data centers but whenever you really talk to people off line they say we have not been able to crack the amazon code. >> when alexa first came out with you can order stuff we made fun of it, right >> alexa is really smart when people use the term machine learning what that is is its each time it gets smarter and smarter and what i don't want it to do is say alexa what music should i listen to? you know me better t

the platforms are facebook, amazon, apple, and google. as long as they can figure out a mechanism that they can use their platform to distribute content and allow the creators and providers to make a fair share in the process. i don't know how much they need to get. emily: we will have much more with our conversation with the former softbank president nikesh arora including his outlook on , self driving cars in the future of automation. a feature i would like to bring to your attention, our new interactive tv function. you can find it at tv on the bloomberg. watch us live. if you miss an interview, you go back to it and send our producers a message. this is for bloomberg subscribers only. this is bloomberg. ♪ >> it is 11:29 p.m. in singapore. president moon has marked his first 100 days in office by newng there will be no world of law on the peninsula. .nly seoul can decide he expects current tensions in the north to be resolved peacefully. the u.k. unemployment rate fell to 4.4%, the lowest since 1975. but it is still failing to h

if you don't do that and you're amazon, you get more subscribing to amazon prime and already amazon prime, you know, has about as many members and subscribers as espn does. it's huge and will get bigger and cheaper to buy tickets and everybody wins maybe. we'll see. >> trish: right. nil amazon takes over the world and has a monopoly on everything. thanks, jeff. >> there you go. >> trish: amazon is getting very big very fast. what does that mean for consumers? so far it's good. so far prices have come down. at what point will that change? let's ask monica and charlie. monica, your thoughts. amazon just getting into everything. >> nod love lost for ticket master. i don't think they offer a service that anybody cares for anymore. amazon is interesting. they're not a monopoly but they get cash for nothing from the free markets and they're using that cash to put their competition out of business. the markets don't care if they turn a profit. it's as the promise of growth. it's an interesting situation where you can draw practically free capital from the stock market and use that money to put y

amazon to decapitate khol's. amazon to destroy advanced auto parts. amazon to crush dick's sports goods. ouch that is the theme ofthis retai earnings season, and frankly, i have never seen anything like it i can't remember another time when a single company could so disrupt every aspect of one of the largest industries in the united states. the retail sector. and almost no one is immune. not each the companies that put up incredible numbers. ♪ hallelujah companies like home depot, which reported a classic beat the estimates and raise the quarter guidance and these were not just small beats. this was not like that home depot gave you the best quarter it ever had. it had fabulous margins, a fantastic spring selling season, a much bigger forecast boost than anyone expected so what happened its stock got pulverized it fell four points, 2.65% the conference call, which is usually a beautiful primmer on how to run a big box business, became a nightmare for the company, almost from the first questioner, which was to paraphrase, how long can these good time

it's all amazon prime. everything is amazon. that's the future. >> reporter: carla castro has had many great jobs. she lives more than an hour away from robbinsville, new jersey, but she's waiting in line with hundreds of strangers today hoping for a warehouse job here at amazon. >> a full-time job with benefi benefits. that's what i need. i just spent a year fighting breast cancer. so i'm getting back into the work force. and i'm excited to work for such a growing company. >> reporter: these men and women saying amazon feels secure. they can imagine a solid future here. amazon says, they plan to hire 1500 people from this location to work at at least 12 buildings in our area. thousands of people will be hired nationwide just one reason why most of these men and women are not only standing in line. they are making plans for a future working at amazon. >> my daughter actually set this up for me. she's like you have to go. you have to go to the job fair. so, um, i stayed overnight with her so i wouldn't have to travel but i would

and the newly crowned richest man in the world jeff bezos you see amazon through one of its going to lackey corporations is trying to muscle power lines through the historic community to power and amazon data center expansion in the area now one would think that any story involving amazon the stork minority community fighting for fighting for their neighborhoods that includes properties acquired under eight hundred sixty six law that allowed freed slaves to own land would make for great anger to your average journalist but sadly apart from a few local papers and alternative news sites this story has been largely ignored but why would this be well journalist adam johnson of fairness and accuracy in reporting has found a very interesting pattern of coverage concerning mr bay's those amazon and tech reporting in general by a least three of the biggest newspapers in the united states the new york times the wall street journal and the washington post johnson writes a review of one hundred ninety articles from the new york times wall street journal and bezos own washington post over the pa

amazon, down 7/10 of 1%. -- presidentn trump tweeted an attack against amazon, saying that it was doing great damage to taxpaying retailers. amazon has issued $16 billion in bonds this year. they seem to be moderating to the downside somewhat today. last five days, moderating to the upside, gains for the dollar over the last five days. most of this can yesterday on the better-than-expected retail sales, but the dollar is trading higher among the time of these nafta talks, renegotiating nafta between president trump, mexico, finally rounding out retail upers, absolutely soaring 20% after the retailer posed a much better-than-expected quarter, beating estimates by 25%. it looks like anthropology and free people really helped out there. 22%,shorted risk their of there could be some coverage 1%, puttingt is up up a nice beat in the quarter, although brian cornell, this is a bit of a feather in his cap relative to a comeback or turnaround that they are trying to make happen for target. about theell did talk shopping retail environment, but today we have some winners for the first time in qui

amazon or tesla? >> amazon. >> amazon. >> i will go for tesla, it is wider here. jonathan: if i could give you a speech now, would you take yellen's speech or draghi? >> draghi. >> draghi. >> draghi. jonathan: who is at jackson hole next year, chair yellen or chair cohen? >> gary cohn. >> gary cohn. >> gary cohn. jonathan: that was an easy one. it has been great to have you on the program. thank you very much. from new york, that will do it for us. we will see you next friday. 5:00 p.m. in london. for our viewers worldwide, you are watching "bloomberg real yield." ♪ ♪ emily: he was tapped to be heir to the softbank empire. arora was raised the son of an indian air force officer and he came to the u.s. for grad school. in 2004 he got the job of a lifetime. larry page and sergey brin hired arora to help move google into an online ad powerhouse, making him one of the most sought after tech execs in the world. a decade later he was named softbank president with a plan to eventually make him ceo. but as son's retirement approached, arora said it became

in this year, where it feels like no one can stand up to amazon, etsy took amazon's best shot and kept kicking. in fact, the company has now gotten stronger. not many businesses can go from losing to making money when they're in amazon's cross hairs. usually it's the other way around so which of these small business facilitators has the best stock? shopify has a better growth story. but shopify the stock, heck of a lot more expensive it trades at 10 times sales estimates, one of the most expensive stocks around. but think about this shopify is even more expensive a stock than snap,a poster child for expensive stocks normally i prefer to use a price-to-earnings multiple but etsy just became profitable. shopify won't turn a profit until next year. so those numbers don't tell you as much as i would like to do on the show shopify may have faster growth, but you're getting much better value with etsy. so here's the bottom line in trying to explain how big money managers pick stocks and evaluate them. shopify and etsy both look good. while shopify has been a strong performer, etsy is the che

employers amazon offers more benefits than most of the benefits that come with jobs that amazon has worked as a way to attract new members of the working age population but it's also going to be a way to attract younger members of the sheriff in this country as the price of college or as a way to raise taxes for many young americans a job that pays full time with benefits beyond just medical is a better deal than tens of thousands of dollars in student debt it also allows them to get a head start on saving which is why some people at the job fair were in attendance with their kids so this is a great start for how this is a great opportunity and it gives them a chance to move up and advance you know so that they feel like you. have to make it and yet as amazon's labor force grows so does its global presence and buying power and it's making other companies nervous in fact an analysis by bloomberg shows that amazon was mentioned more in earnings calls than anything else including trump wages or trade amazon's recent purchase of whole foods even earned a response from the c.e.o. of mcdonald's

why wouldn't you want to work for amazon? >> it's like a cattle call. apply for a job and you could get contact through e-mail or phone and come on in for the interview. this is the first time i've done anything like this. >> reporter: may be retailers on pause, online sales seem to be booming, whereas on the flipside, stores like sears and kmart are closing across the country due to slumping sales. >> on a related note, amazon recently acquired wholefoods for nearly $14 billion. this latest hiring rush has many experts wondering what else amazon has planned. jessica castro, abc 7 news. >> we'll see, thanks. >>> we talk a lot about hot cars being a danger, but one mom is warning other parents about indoor heatstroke after her daughter wouldn't wake up from a nap. their story is next. >>> live look outside through the tower camera. cheque out the top of the golden gate bridge. we have the fog there keeping us cool, but boy, elsewhere, it's going to get hot. tso why is she smiling?r days driving all over town. because she shopped during the safeway annive

by and hold amazon or tesla? subadra: amazon. krishna: amazon. matt: i will go for tesla. it is wider here. jonathan: if i could give you one speech now, you could take away the speech and do whatever you want with it. would you take yellen's speech or mario draghi's? subadra: mario draghi. krishna: mario draghi. matt: mario draghi. jonathan: who is at jackson hole next year -- chair yellen or chair cohn. subadra: cohn. krishna: cohn. ee.t: is three for thr cohn. jonathan: guys, it has been great to have you with us on the program. thank you very much. from your, we will see you next friday. to our viewers worldwide coming up and watching "bloomberg real yield." -- to our viewers worldwide, you have been watching "bloomberg real yield." ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. vonnie: it is called 30 p.m. in new york and 5:30 p.m. in london and 12:30

, this is the amazon playbook right? slash margins. >> yeah i don't think they were surprised they were moving this direction. i do think barely 70 days after the announcement that monday after it closes that they are going aggressive on price cuts in stores. linking it to priechme it's ready to go what i also found interesting, maybe this is a side wrinkle, is that the stuff they're cutting prices on, its fresh stuff you can't stock pile it and bring it home. >> frequency of visits they want frequency of visits to whole foosd. >> organic avo cadcados too. >> the quote in the times about if you're a supplier how scared you must be that whole foods is a loss leader. the idea that amazon will be willing to lose money in order to drive prime that's new. >> it came in a week when the packaged goods companies were under pressure. >> hormel and smucker both had negative quarters. i'd say about kroger though, 10% of kroger stores are actually in direct competition with whole foosd. whole foods is big in urban markets and big in

>> amazon. >> amazon. >> i will go for tesla, it is wider here. jonathan: if i could give you a speech now, would you take yellen's speech or draghi? >> draghi. >> draghi. >> draghi. >> he was there next week, yellen or cohn? >> gary cohn. >> gary cohn. >> gary cohn. easy one.that was an it has been great to have you on the program. from new york, we will see you next friday. it is "bloomberg real yield ." ♪ got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. find your awesome with the xfinity stream app. included with xfinity tv. more to stream to every screen. emily: he was tapped to be heir to the softbank empire. he was raised the son of an indian officer and he came to the u.s. for grad school. in 2004 he got the job of a lifetime. larry page and sergey brin hired arora to help move google into an online ad powerhouse, making him one of the most sought after tech execs in the world. a decade later he was named presiden

it's name is amazon. yes, that amazon. already the seller of tens of thousands of books on-line, amazon is now opening a string of actual, physical book stores, like this one that opened today at santana row. the company touting it's integration of the on line experience with the physical world. every book in the store is displayed cover out and accompanied by a card with customer reviews of the book along with customer ratings gleaned from amazon's on line data base. in san jose rob fladeboe kron 4 news chief meteorologist brittney shipp joins us now... a building ridge of high pressure will lead to a substantialwarming trend especially for locations away from the coast.widespread upper 80s to lower 100s are likely starting on sundayfor inland areas. several days of very warm readings are likely which could lead to heat related issues. at the coast temperatures will be more moderate. (steve) moderate.temperatures will coasttemperatures will be more moderate. (steve) we have a winner. a ten dollar investment... turns into

there and it's good for amazon shareholders. >> jason, what grade do you give amazon on the first couple of days of amazon whole foods they seem to have rolled out a few price roll backbacks that h seem to have gotten people's attention. >> this is multiple shots across the bow of every other retailer in the world they should be terrified right now, because jeff bezos has made it very clear not only is he going to go on an m&a acquisition free, he's going to disrupt every business that he touches. them taking 30 to 40% off certain items in the store is them telling the world, they don't need to make a profit off of whole foods whole foods could be a loss leader or a break-even can you imagine what other retailers are feeling right now? they're waking up in the middle of the night screaming jeff's name and for consumers, this could be the tax break that trump can't get done, because if we can all save 10, 20, 30% on great things that we have to buy in the world, whether it's whole foods or if he buys a hotel chain next or buys an airline next, this is just the beginning for jeff bezos. he

and a valuable loyalty program with amazon prime. suddenly the world of online retail and your groceries combine into concash register. >> they will be able to essentially recognize what you as a consumer like to purchase and entice you with deals that are specific to you. >> reporter: they're banking on occasional shoppers becoming regular shoppers. it's too early to tell how competitors will respond. you can bet all industry eyes are on whole foods. >> it's going to be a positive thing and there might be more demand, the less expensive it may be to come. >> reporter: you can see the marriage between amazon and whole foods on their seasonal items aisle. you can find the amazon echo and dot on sale. who knows what else will be on sale at whole foods. kpix 5. >>> new leadership coming to san francisco based uber. expedia confirms its c.e.o. has been offered the top job at the ride share company. dara [ indiscernible ] has been the president and c.e.o. of expedia since 2005. he graduated from brown university with an engineering degree

anyone under amazon good but the food business, and the amazon deal closing for people hanging on to that >> we are coming up on the season where they're going to start selling what they make. >> they're going to have a lot of close outs. they're coming in with cash. when you see, i don't know if they go to k-mart to get stuff but all of these department stores are so thrilled and they take the cash. they give them the goods we'll do it for a whole year and then home goods which is one of my favorite places >> it would be a great story. >> it's fantastic. i love that place. >> a couple of research calls in retail you mentioned lows. >> yeah. >> and then cuts dks saying we overestimated the companies ability to withstand. >> you know, manny is on the board and you go across like i said to that intern that didn't wear a tie and i gave him a couple of bucks to wear a tie. you feel like you're at dick's sporting goods it's like four for one it's like buy one get three. you walk out there with like sacks of underarmour for the good quarter they did use the word promotional. >> yeah, they

cat being amazon they realized they don't have to be road kill amazon crushed the food industry today when they announced they would slash price force whole foods products in the last 24 hours, we've seen three different ways to beat amazon at its own game the pvh way and deep value way represented by the dollar store, dollar tree. all of these companies produce fantastic results and much higher stock prices. how did they do it after several years of fits and starts, hit-and-miss, i thought this might have some staying power because of the changes they made in the customer reinvention. wsm did a total, total makeover, embracing customer relations management, think sales force.com, time to market, time to delivery, and most important digital advertising which led to an expanded funnel and much higher than expected numbers a pe until recently, these sorts of things were exclusive profits of amazon it turns out this personalization which you may know as something like, hello, james, or whatever your name is, can be imitated with limited success. we have higher margins with the new person

the company is partnering with microsoft, google, ibm, and most notably, amazon's aws. pat gelsinger is joining us now. >> good morning, jon great to be with you this is becoming a bit of an annual ritual for you and i. >> it is, indeed, and i'm happy about it want to start off with vmware on aws. you finally launched in the region in the case of "the enterprise strikes back" when it comes to cloud, whether it's oracle or others we're hearing, enterprise companies kind of from the traditional era repositioning for the cloud, coming back in a bigger way how do you expect this amazon partnership to change the way your cloud customers understand what you do? >> well, we're very excited about it and since we announced late last year, the coming together, the leader in public and the leader of private, the response from our customers has been really quite overwhelming we've gone through our lighthouse program, and today making the availability of that service, and as you said, starting in the west, but over the next year we'll be making it available globally across all of th

amazon said it would start lowering prices starting monday. amazon prime member will see bigger savings in store and online. >> you can get the latest news any time with abc 7 news app. enable the push alerts to know about breaking news where you live. >>> you have to fight. fight from where you stand. >> a call to fight ahead of this weekend's protest this berkeley. the city just made a decision about the permit as one community leader calls the mayor a coward. >>> signs of support roll out. five words that are uniting berkeley and other cities across the bay bp. >> a san jose state professor is sanctioned for sexually harassing your student. student uproar leads to change. >>> i didn't want to put myself in that room. >>> good evening. >> we're following developing news out of berkeley. late today the city denied a permit for sunday's controversial anti-marxist rally. >> that's not expected to stop hundreds of people from coming to that city. abc 7 news reporter laura anthony is live in berkeley to explain why. >> reporter: the mayor said th

and the newly crowned richest man in the world jeff bezos you see amazon through one of its going to lackey corporations is trying to muscle power lines through the historic community to power and amazon data center expansion in the area now one would think that any story involving amazon the stork minority community fighting for fighting for their neighborhoods that that includes properties acquired under eight hundred sixty six law that allowed freed slaves to own land would make for great anger to your average journalist but sadly apart from a few local papers and alternative news sites this story has been largely ignored but why would this be well journalist adam johnson of fairness and accuracy in reporting has found a very interesting pattern of coverage concerning mr bay's those amazon and tech reporting in general by a least three of the biggest newspapers in the united states the new york times the wall street journal and the washington post johnson writes a review of one hundred ninety articles from the new york times wall street journal and bezos own washington post over t