from the pros in digestive health. >>> amazon ceo jeff bezos just went shopping, and when the richest man in the world buys something, he buys big we got a rare inside tour of the billionaire's luxury $80 million apartment in new york city it's this week's powerhouse. >> when you step off the elevator, what is your first experience size does matter >> reporter: you're getting an exclusive look inside amazon ceo's jeff bezos' brand-new penthouse. before the richest man in the world paid $80 million for this unit plus the two apartments below, we got an exclusive tour with broker nikki field. the sprawling 10,000 square foot pepts house alone has five bedrooms, including a massive seven-room master suite. >> the master bathroom has a priceless view of the empire state building from the master tub. >> reporter: when we toured it, the master was furnished with a $5,000 bentley dog bed one level up is the sunlit lounge just past the $23,000 glass fooz ball table is a 5,000 square foot wrap around terrace a private elevator to the next level reveals a private lounge and more outdoor space >

and space entrepreneur jeff bezos. he may play a critical role getting back to the moon. o knowt i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ imagine if we we would be such good friends. best friends. advantage ii, kills fleas through contact all month long. i mean he's a wreck without me. advantage ii, fight the misery of biting fleas. ...timing is everything. so why wait? start farxiga now. farxiga, along with diet and exercise,... ...helps lower a1c in adults with type 2 diabetes. although it's not for weight loss, it may help you lose weight. do not take if allergic to farxiga. symptoms of a serious allergic reaction include rash,... ...swelling, difficulty breathing or swallowing. stop taking and seek medical help right away. tell your doctor right away if you have... ...r

speaking of jeff bezos, jeff bezos's amazon stock on the move. but look at it right now after passing the $1 trillion market cap level earlier today, is just slightly below it in this final hour of trade, but that's not what has the street abuzz. closing bell is ringing in 26 minutes. coming up, the major investment, the everything store is making in helping humans protect their jobs from the artificial intelligence revolution. it is descending upon amazon. don't forget to download and rate and listen to my podcast, everyone talks to liz. it's on google podcast, apple podcast, fox news podcasts.com. the story today, i have already gotten so many compliments on this one and real nice feedback. "the claman countdown" is coming right back. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. 4 out of 5 people who have a stroke, their first symptom... is a stroke. 80 percent of all strokes and heart dise

rival billionaires, elon musk, founder of spacex, and jeff bezos, who owns blue 0rigin, are racing to populate the moon and mars. but what kind of person would actually be on these spacecraft? the first people to go to mars will be risk—taking adventurers, accepting that they may have one—way tickets, a small chance of return and they will be probably financed or sponsored by one of these private companies. at nasa, we discovered a little—known department where these risk—taking adventurers live. right now, there are four astronauts inside a spacecraft on a mission to phobos, one of mars‘s two moons. whispers: but they're actually in there. yes, in this tiny habitat, volunteers are locked away for 45 days on a simulated mission, with cameras and scientists monitoring their every move. this is nasa's human exploration research analogue. hera for short. inside the module, the crew is poked and prodded in different psychological experiments, from sleep deprivation to diminished privacy, all to fine—tune a critical component that could make or break any future mission to mars

rival billionaires, elon musk, founder of spacex, and jeff bezos, who owns blue origin, are racing to populate the moon and mars. but what kind of person would actually be on these spacecraft? the first people to go to mars will be risk—taking adventurers, accepting that they may have one—way tickets, a small chance of return and they will be probably financed or sponsored by one of these private companies. at nasa, we discovered a little—known department where these risk—taking adventurers live. right now, there are four astronauts inside a spacecraft on a mission to phobos, one of mars‘s two moons. whispers: but they're actually in there. yes, in this tiny habitat, volunteers are locked away for 45 days on a simulated mission, with cameras and scientists monitoring their every move. this is nasa's human exploration research analogue. hera for short. inside the module, the crew is poked and prodded in different psychological experiments, from sleep deprivation to diminished privacy, all to fine—tune a critical component that could make or break any future mission to mars

rival billionaires, elon musk, founder of spacex, and jeff bezos, who owns blue origin, are racing to populate the moon and mars. but what kind of person would actually be on these spacecraft? the first people to go to mars will be risk—taking adventurers, accepting that they may have one—way tickets, a small chance of return and they will be probably financed or sponsored by one of these private companies. at nasa, we discovered a little—known department where these risk—taking adventurers live. right now, there are four astronauts inside a spacecraft on a mission to phobos, one of mars‘s two moons. whispers: but they're actually in there. yes, in this tiny habitat, volunteers are locked away for 45 days on a simulated mission, with cameras and scientists monitoring their every move. this is nasa's human exploration research analogue. hera for short. inside the module, the crew is poked and prodded in different psychological experiments, from sleep deprivation to diminished privacy, all to fine—tune a critical component that could make or break any future mission to mars

jeff bezos filed the paperwork to create amazon 25 years ago, his genius was to recognise the potential of the internet long before others. for more, i turn to alexa. alexa, what is amazon? amazon.com incorporated is a multinational american technology company that focuses on e—commerce, cloud computing, digital streaming and artificial intelligence. amazon is known for its disruption of well—established industries through technological innovation and mass scale. its dominance is problematic, with its growth getting rid of retailjobs, and it has faced criticism over worker conditions at its warehouses. it's not a good look for amazon, or for any of these companies where efficiency is so prized that the kind of human caught up in the network ends up having a really challenging time. 0ne decision it may come to regret — its failure to place a second headquarters in new york. the acrimonious split with the biggest city in america may lead to a situation where governments are less friendly to amazon. alexa, is amazon good or evil? i like amazon. without amazon, i wouldn't exist. miche

ceo jeff bezos says it's now available on 10 million items — and that is boosting sales. but amazon is facing growing pressure over its sheer size and power. it's facing antitrust investigations in the us — along with the other tech giants. and earlier this month, the european commission also began an antitrust investigation into whether amazon is "abusing" its role as a marketplace provider. from new york — here's michelle fleury. emerson's wave of record profits has crested, the company ‘s second—quarter profit was more than 3.5% from a year ago. but it fell short of wall street ‘s expectations. worse still, the giant warned not to expect much improvement in the next quarter as it ramps up spending. investors have become used to amazon, the record—breaking, money making machine. total profit for 2018, top $10 million for the first time in the company ‘s history. this is fuelled partly by the success of its cloud computing business but amazon web services as cloud operations are known, posted its lowest growth rate in more than five years was not present qu

jason: and how uber might want to take a page from jeff bezos playbook. ba ol: this is "bloomberg we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. jason: welcome back. carol: ahead, business week talks. antonio mary tells us how his company can win the battle. jason: plus, a solution selection called prognosis, meeting health care issues head on. carol: it has been 50 years since the moon landing. how we got there and the lessons we learned. jason: we begin in the featured section, the company that reinvented retail -- they are not done disrupting. carol: jeff bezos has been sending lots of content loads of money on a plan to rid the world of checkout line and

maybe we won't jeff bezos founded amazon 25 years ago today. mind-boggling numbers how much money he's made is in then when "power lunch" returns. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. >>> jeff bezos founded amazon 25 years ago today. he has become the world's richest person in that time. that's a big perspective you have >> 25 years. i'm the richest person in the world that would being a great jeff bezos found amazon.com july 5th, 1994. 25 years ago today since then the company has broken many records. turned bezos into the richest person on the planet forbes said he and his family is worth $159 billion he did not make that money evenly across the 25 years but for some sense of scale consider what it means if you broke down into smaller increm

jason: and how uber might want to take a page from jeff bezos 's playbook. carol: this is "bloomberg businessweek." ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. jason: welcome back to "bloomberg businessweek." carol: still ahead among businessweek talks. antonio neri tells us how his company could win the battle for the cloud. jason: and a special solutions question called prognosis, meeting health care issues head on. carol: and it has been a 50 years from the first moon landing. jason: but we begin in the feature

jason: and how uber might want to take a page from jeff bezos ' playbook. carol: this is "bloomberg businessweek." ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. jason: welcome back to "bloomberg businessweek." carol: still ahead among businessweek talks. antonio neri tells us how his company could win the battle for the cloud. jason: and a special solutions question called prognosis, meeting health care issues head on. carol: and it has been a 50 years from the first moon landing. the management lessons we all lear

. >> are they ahead of jeff bezos and elon musk? >> everybody focussing on space tourism in a different way i would say they're ahead of blue origin, which is the most direct comparison, tourist flights to space, to the edge or past the edge of space, because they have done two of these with people on board. whereas blue origin has not yet done its crude test of its vehicle, they're expecting to do it by the end of the year. more or less, you'll see both of the companies if all goes according to plan beginning to bring paying customers to the edge of space. spacex is the orbatable side of thing, so is boeing. both of those companies got the green light from nasa to bring private astronauts to the international space station as soon as next year. >>> turning to boeing. new numbers out for the month of june phil >> we did not see a good month in terms of orders for the 737 max, which has been grounded since the middle of the march, in june no new orders for 737 max. that means three straight months with zero orders for the plane the b

uber might want to take a page out of jeff bezos ' book. carol: this is bloomberg businessweekcarol: ♪. jason: welcome back to bloomberg businessweek. i am jason kelly. carol: i am carol massar. still ahead, businessweek talk. solutionus, a special section called prognosis, meeting health care issues head on. carol: it has been 15 years since the first moon landing. how we got there. jason: we begin in the features section. the company that reinvented retail are not done. this is called amazon go. major cities in america, you may understand it. we went to the guy that literally wrote the book on amazon and bezos. >> there are 13 of them now. san francisco, seattle, chicago and new york. they are adding them slowly. it is best described as like a convenience store where you can pick up lunch or breakfast, a smattering of grocery store items. the big innovation and the reason things -- amazon has been working on this for so long is there are no cashiers. you walk in, you scan your app, you pick up what you need and you walk out. up, or medi

bezos and spacex from elon musk to follow? >> we're not expecting those two particularly because spacex has said they're not going to go public until they reach mars that's a little bit of a ways off. blue origin is wholly owned by bez bezos, so they don't have a need to go public there are other companies like rocket lab that could come public in the new generation of private space companies. >> wondering, making it all profitable, how you do that if it's simply flying civilians into space for a price or if you have to do deals with governments and other areas to draw enough revenue in >> well, with virgin galactic, their business model is solely focused on the revenue of those tourists i mean, it's not cheap $250,000 per ticket, and there's over 600 people already signed up, and both branson and chamath today were talking about another 2500 since their test flights have expressed interest. the revenue is their main source from those tickets itself, but over time, ubs has estimated they expect within ten years space tourism c

they have had humans there which is different from jeff bezos and elon musk. the kind of travel we are talking about is not like going to the moon. it is like going to space for a few minutes. just to the edge of space, experiencing weightlessness and coming down. it is in between a trip on the soyuz and the idea where you take a 747 and divebomb. emily: for the tower of terror at disneyland. how does this give them advantage over blue origin or spacex? more flexibility, more visibility? max: i don't think especially. it is somewhere around $30 billion, they have billions of dollars in government contracts cex. spaet blue origin has the world's richest man. branson is a wonderful marketer. being public and having that additional outlet for his, sort of doing his thing, will probably help the company. emily: a sky full of satellites. launches plan to thousands more satellites to bring internet to everyone. how will they clean up after them? that is next. this is bloomberg. ♪ emily: you think in today's day and age, everyone would be online but that is not the

emily: that was jeff bezos talking about the benefits of space travel with cbs news this week. saturday marks the 50th anniversary of the historic apollo moon landing. neil armstrong took his first steps on the moon, and the space race was dominated by a rivalry between the u.s. and russia. a lot has changed. however, dani burger takes a look at how the space race has evolved. dani: in the half-century since man first walked on the moon, the space race has fundamentally changed. it used to be a battle between the u.s. and the soviet union, but now most new missions are by private companies. the number of companies launched into outer space has also skyrocketed, from just two in 1957 to over 450 last year. industries using satellites in completely different ways. companies can now monitor the parking lots of retail outlets to get data months before official releases. the last 50 years have seen a seismic shift in humanity's understanding of space, but while it is still vast, unknown, and mostly unreachable, it is now also a resource that businesses can start to utilize. emily: b

jason: and how uber might want to take a page from jeff bezos playbook. carol: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." carol: still ahead among businessweek talks. antonio mary tells us how his company could win the battle for the cloud. jason: and a special solutions question called prognosis, meeting health care issues head on. carol: and it has been a 50 years from the first moon landing. jason: but we begin in the features section. the company that reinvented retail, they are not done disrupting. carol: jeff bezos has been spending time and money on a plan to rid of the world of the cash register. jason: if you live in some major cities in america, you may have seen it. to understand what it is all about, we went to the guy who literally wrote the book on amazon and business -- and bezos. >> there are 13 of them. they are adding them slowly. it is best described as like a convenience store where you can pick up lunch or breakfast. a smattering of grocery store items, they are small. thethe big innovation

jeff bezos founding amazon.com july 5th, 1994 that's exactly 25 years ago today. since then the company has broken many records and turned bezos into the richest person in the world. forbes says he and his family 159 billion. it just changed. he didn't make that money evenly across the 25 years. but for some sense of scale consider what it means if you broke it down into some smaller increments he has made an average of $6.4 billion per year every year over these past 25 that's $530 million a month, $122 million a week, and maybe most illuminating he made an average of $17 million a day every day for the past 25 years. the vast majority of his wealth has been made over just this past five years. in that span alone he has earned about $130 billion, or $70 million a day just since 2014 back to you. >> eric, you know what is so amazing about this when you break the numbers down like this, and it's all relative, the fact that he sells, what, about $1 billion worth of amazon stock a year to fund his other company blue origin, it almost seems like a drop in the bucket.

rival billionaires, elon musk, founder of spacex, and jeff bezos, who owns blue origin, are racing to populate the moon and mars. but what kind of person would actually be on these spacecraft? the first people to go to mars will be risk—taking adventurers, accepting that they may have one—way tickets, one with a small chance of return and they will be probably financed or sponsored by one of these private companies. at nasa, we discovered a little—known department where these risk—taking adventurers live. right now, there are four astronauts inside a spacecraft on a mission to phobos, one of mars‘s two moons. whispers: but they're actually in there. yes, in this tiny habitat, volunteers are locked away for 45 days on a simulated mission, with cameras and scientists monitoring their every move. this is nasa's human exploration research analogue. hera for short. inside the module, the crew is poked and prodded in different psychological experiments, from sleep deprivation to diminished privacy, all to fine—tune a critical component that could make or break any future mission

and it made its founder, jeff bezos, the rld's richest man. but the next 25 could take the company in a new direction. deidre bosa has more. >> reporter: 25 years ago today jeff bezos filed paperwork to create what was originally called cadabra inc.. the company has disrupted entire dustries from publish to retail to cloud computing. it has become one of the largest companies in the world. today it is worth close to a market dollars in value, second only to microsoft. the next quarter century though is likely to look ery different. amazon is making big moves in a number of new industries. groceries with its acquisition of whole foods in 2017, health care with its pill pack purchase, and joint venture with morgan and berkshire hathaway. there'slsodvertising smart homes, even ironically brick and mortar with the growing physical footprint of bookstores, convenience stores and pop-ups.t as amazon sets out on the second quarter century with more ambition than ever, the company is facing more scrutiny and criticism than ever. >> historically, it wa

jeff bezos a wonderful partner with nasa. a thrivinging commercial sector in space. that's what's helping us get there with a lot less taxpayer dollars. it has been a good use of taxpayer money today. we are looking for an additional $1.6 billion for this year to help secure a lander and other things to get started on right away to help us get back to the surface of the moon. we already have plans to go to the moon by 2020 eight, so if you shift those forward, you think about the things we would 2026, 2028, 2025, and it shifts those forward. don't get the $1.6 billion. will the schedule shift? jeff: it will shift. we were talking with congress about getting that money, and we have strong bipartisan support. i think we have a good shot of getting it done. if you don't get the necessary funding, things will be shifted on the schedule and be done in later years. we want it to be done by 2024, because it allows us to get to mars when we want to get to mars. mars, there are certain windows of time where the planets align and you can get there. we want to get to mars, and

rival billionaires, elon musk, founder of spacex, and jeff bezos, who owns blue 0rigin, are racing to populate the moon and mars. but what kind of person would actually be on these spacecraft? the first people to go to mars will be risk—taking adventurers, accepting that they may have one—way tickets, one with a small chance of return and they will be probably financed or sponsored by one of these private companies. at nasa, we discovered a little—known department where these risk—taking adventurers live. right now, there are four astronauts inside a spacecraft on a mission to phobos, one of mars‘s two moons. whispers: but they're actually in there. yes, in this tiny habitat, volunteers are locked away for 45 days on a simulated mission, with cameras and scientists monitoring their every move. this is nasa's human exploration research analogue. hera for short. inside the module, the crew is poked and prodded in different psychological experiments, from sleep deprivation to diminished privacy, all to fine—tune a critical component that could make or break any future mission

and space entrepreneur jeff bezos and

jeff bezos's company has asked the fcc's to approve 3200. and another company oneweb wants , to launch a month by the goal september. is to bring broadband access to the roughly 4 billion people on earth who don't yet have it. >> going forward, access to broadband is going to be close to being a fundamental human need. goal may seemhat noble, these satellites are designed to fly lower, it living to number is concerned it will interfere with the observation of distant galaxies. then there is the cost. the first string of satellites cost $1 million each to produce, they cost as much as $16.5 million just for space x to launch 60 satellites into orbit. still, investors are rocketing forward. $1.7 billion was invested in space companies in this year 's first quarter alone, according to the vc firm, space angels, and that is double the amount invested a quarter earlier. with satellites, the space economy, so to speak, appears ready for takeoff. we continue our look with one of satellites can bring more people online, with one of the companies you

as america marks the 50th anniversary of man's first trip to the moon, we talk to amazon's jeff bezos about the next frontier in space. he wants to build the infrastructure for future space travel. >> it takes hundreds of millions of dollars to even get started with something interesting. i want to reduce that price of admission with reusable space vehicles so that the next generation, you can actually have two kids in a dorm room, build a great space company. >> o'donnell: for you to start amazon, the infrastructure already existed.ave to build a transportation network to deliver packages. it existed, it was called the post office. >> o'donnell: we'll bring you more of jeff bezos' plan for the future of space tomorrow night along with a conversation with caroline kennedy. but up next, a look back at the women who helped put men on the moon. (burke) at farmers insurance, we've seen almost everything, so we know how to cover almost anything. even a parking splat. fly-by ballooning. (man) don't...go...down...oh, no! aaaaaaahhhhhhhh! (burke) rooftop parking. (burke) and even a hit and dr

and, by the way, this is not about hitting back at jeff bezos or helping one of his rivals. i worked on this contracting issue myself in government. giant monopolized contracts like this are bad policy, putting a all of our defenses cloud computing in one basket allows for more security risk that dividing it up into billion -- multiple, smaller contracts. it incentivizes efficiency and innovation. but, of course, the swamp doesn't like efficiency and innovation. they like backroom deals and corruption. finish mr. -- mr. president, ifu want to keep draining the swamp, don't let the bezos bailout fill it back up. all right. so now the democrats want to ban cooking with gas. literally. literally. loony left, at the alzheimer's association walk to end alzheimer's, literally. loony left, we carry flowers that signify why we want to end the disease. and we walk so that one day, there will be a white flower for alzheimer's first survivor. join the fight at alz.org/walk. ♪now i'm gonna tell my momma♪ ♪that i'm a traveller ♪i'm gonna follow the sun♪ ♪now i'm gonna tell my

jeff bezos' project kuiper has asked the fcc to approve 3200. and another company, oneweb wants to launch 30 satellites a month by september. the goal for most of these devices, to bring broadband access to the roughly 4 billion people on earth who don't yet have it. >> i think you can see going forward but internet -- access to broadband is going to be close to being a fundamental human need. emily: while that goal may seem noble, these satellites are designed to fly lower, living -- leaving astronomers concerned it will interfere with the observation of distant galaxies. and then there is the cost. the first string of satellites cost nearly $1 million each to produce. they cost as much as $16.5 million just for spacex to launch 60 satellites into orbit. still, investors are rocketing forward. $1.7 billion was invested into space companies in the first quarter of this year alone, according to the vc firm space angels. that is double the amount invested a quarter earlier. with satellites, the space economy, so to speak, appears ready for takeoff

. >> in the commercial entities now, repeat having -- can jeff bezos, elon musk, can they get people to do the same kind of work for just the money? >> for just mining? well, first of all jeff bezos and elon musk, i've been, i have been to elon musk facility but i've been to the blue origin factor in seattle and talk to those people and watched the rockets and the capsules get constructed. i've talked to spacex folks and of watched whatever beals bales watched. those operations are thrilling and their own way. you want to be excited about spaceflight and space travel in 2019 and you haven't yet, watch jeff bezos blue origin rockets come streaking back from the edge of space, backwards at 300t perfect, almost to the footwear and took off. it is an amazing moment. so i think what they're doing is exciting because they are region in space travel. if you got on the boeing 767 in lax in the morning at 8:00 every morning and flew to the gordy and glanced at 430 thymic and then we threw away the boeing 767 in the next day we started again with a new one, no one would get to fly from lax to

but jeff bezos is more likely to go to the moon to set up the base on the south pole and use the water. i hope he does do that. >> so with life on earth we have water is there enough water on mars quick. >> very good question. all of the studies continue to show there is water not only at one of the polls and of course it evaporates with the seasons but you may have seen the photos taken from different times apart looking at a crater and you can see a stream is probably mud and / that is clearly a liquid of some sort carbon dioxide cannot exist as liquid that water can. so right now it looks as if it's possible we just don't know how much of it. >> one of the cool things about technology to look out to use scarce resources better so a lot of that recycling stuff is a boondoggle that you could find ways to recycle water on the planet if it is that scares. initially you don't have billions of people on mars he would have enough anyway. >> as far away as it is from the sun is there enough 81 - - enough heat quick. >> if there is enough atmosphere yes it will not be tropical but most of th

jeff bezos' project kuiper has asked the fcc's to approve 3200. and another company, oneweb wants to launch a month by -- launch 30 satellites a month by september. the goal is to bring broadband access to the roughly 4 billion people on earth who don't yet have it. >> i think you can see going forward, internet to -- access to broadband is going to be close to being a fundamental human need. emily: while that goal may seem noble, these satellites are designed to fly lower, living astronomers concerned it will interfere with the observation of distant galaxies. then there is the cost. the first string of satellites cost $1 million each to produce, they cost as much as $16.5 million just for spacex to launch 60 satellites into orbit. still, investors are rocketing forward. $1.7 billion was invested into space companies in this year's first quarter alone, according to the vc firm space angels. that is double the amount invested a quarter earlier. with satellites, the space economy, so to speak, appears ready for takeoff. we continue our look at how

ceo jeff bezos says it's now available on ten million items and that is boosting sales. but amazon is facing growing pressure over its sheer size and power. it's facing antitrust investigations in the us, along with the other tech giants, and earlier this month, the european commission also began an investigation into whether amazon is abusing its role as a marketplace provider. victoria. with us now is hussein kanji, a partner at venture capital firm hoxton ventures. thanks very much for coming in. i wonder whether you think amazon is really abusing its market dominance? it isa really abusing its market dominance? it is a hard one. it definitely has a lot of market power, and like most big companies it will exert that power, but in the end consumers benefit from lower prices, so the traditional behaviour sees customers suffering when prices go up, and thatis suffering when prices go up, and that is what we complain about with infrastructure, but in this case eve ryo ne infrastructure, but in this case everyone kind of wins, but amazon really wins in a big way. well, tha

and, by the way, this is not about hitting back at jeff bezos or helping one of his rivals. i worked on this contracting issue myself in government. giant monopolized contracts like this are bad policy, putting a all of our defenses cloud computing in one basket allows for more security risk that dividing it up into billion -- multiple, smaller contracts. it incentivizes efficiency and innovation. but, of course, the swamp doesn't like efficiency and innovation. they like backroom deals and corruption. finish mr. -- mr. president, ifu want to keep draining the swamp, don't let the bezos bailout fill it back up. all right. so now the democrats want to ban cooking with gas. literally. loony left, next. ♪ -keep it down there. i have a system. -keith used to be great to road-trip with. but since he bought his house... are you going 45? -uh, yes. 55 is a suggestion. -...it's kind of like driving with his dad. -what a sign, huh? terry, can you take a selfie of me? -take a selfie of you? -yeah. can you make it look like i'm holding it? -he did show us how to bundle home and auto

and with space entrepreneur and amazon ceo jeff bezos. nasa has plans to put the first woman on the moon in the next decade and bezos hopes his moon lander will be on that mission. >> jeff, do you imagine that blue origin will be the first company that returns us to the moon? >> we're going to be, i hope, an instrumental part of it in cooperation with dozens of companies and governments. >> reporter: it's all part of a big push to return to the moon. >> what do you think happened since we haven't landed someone on the moon since 1972? did we stop caring? did we stop dreaming? >> my own feeling was that that was such an audacious project that when it was finished the resources to sustain it just weren't available. >> reporter: it was the early 1960s in the height of the cold war. the soviets were the first in space. >> this nation should commit itself. >> reporter: but president kennedy was determined to beat them to the moon. >> landing a man on the moon and returning him safely to the earth. >> he saw it as a way to mobilize our country

bezos is still at number one with a fortune of over 100000000000 dollars but the number 2 spot changed france's nor of luxury goods make l b m h s clinched it after the value of his company rose in the past few days that pushes microsoft founder bill gates known for his philanthropy to number 3. 1 of the great lakes of africa like malawi covers almost one 3rd of the area of the entire country of the same name it has long been a major food source for the region but for years fish stocks have been doing thing and now climate change is playing its part in further damaging livelihoods in this impoverished country. evening sets in it's. a small port on the shores of lake malawi. fishermen return after a day's work on the water fish are important here as a source of food and money. but the catch disappoints as has become the norm lately buyers and fisherman who goes here for traders take the fish they have bought to be prepared for market the industry here is not like it once was overfishing has devastated the stock of nutritious fish that used to be the main source of protein . do it was ea

it is not like they had no humans which is different from the jeff bezos and elon musk companies. it should be said the kind of space travel we are talking about is not like going to the moon. it is like going to space for a few minutes. you are going just to the edge of space, experiencing weightlessness and then coming down. it is in between a trip on the soyuz, which is currently the main option for private space travel and the idea where you take a 747 and they divebomb. emily: the tower of terror at disneyland. does this give virgin galactic an advantage over spacex or blue origin? more flex ability, visibility? max: i don't think so especially. spacex is a higher valuation. i think it is somewhere around $30 billion. they've got billions and billions of dollars in government contracts. that company is well-positioned. blue origin has the pocketbook of one of the worlds -- the world's richest men. those companies have nothing to worry about. branson obviously is a wonderful marketer. i think being public and having that additional outlet for his sort of doing his thing will p

potential of the internet long before others. -- jeff bezos. i turn to amazon. alexa, what is amazon? it's a multinational american technology that focuses on e—commerce, cloud computing, digital streaming and artificial intelligence. is known for its disruption of well—established industries through technological innovation. its dominance is problematic with its growth getting rid of retailjobs and it has faced criticism over worker conditions at its warehouses. it's not a good look for amazon or any of these companies where efficiency is so prized that the human component is challenged. one decision it may come to regret, its failure to replace a second headquarters in new york —— place. the acrimonious split with the biggest city in america may have a situation where governments are less friendly to amazon. alexa, is amazon good or evil? i like amazon. without amazon, i wouldn't exist. good or evil? i like amazon. without amazon, iwouldn't exist. michelle fleury, bbc news, new york. in other business news, malaysian anticorruption in

this could be seen by the president's critics as an effort to get back at jeff bezos. we'll see where this all plays out. no guidance from the white house yet as to what steps the president will take here but sending a shot acrowe the bow. >> secretary steven mnuchin. >> reporter: goingses are going on right now mnuchin said there's an increase in the debt ceiling, two years of top line federal spending numbers and recognition any spending increases need to be offset >> we're working hard to reach an agreement if we don't get there in time, i am encouraging a debt ceiling increase >> reporter: the offsets a source inside the white house tells me they're looking for about $150 billion in spending cu cuts, a number making it tough for democrats to sign on a reason this is such an urgent issue the treasury could run out of money in early september while congress is on recess. lawmakers want to take care of this as they leave for recess. republicans are floating the idea of a 30-day debt ceiling increase if they can't reach a compromise >> thank you, ylan mui dom chu has y

because you have given so much money away recently, jeff bezos became wealthier. d think if you had stayed in college and gotten your college degree, you don't feel inadequate now, is that right? >> it is a sign that i have not given the money away fast enough to drop out of the top 10. >> the market has been strong. year.oft is up 35% this to what do you attribute that? bill: the company is doing well. we have a great ceo. the importance of software has really come true. the five most valuable companies are technology companies. microsoft has a good share of that. i get to spend 1/6 of my time at microsoft. host: you said the biggest mistake you made professionally was that microsoft should have the android technology. why was that the biggest mistake? bill: when you are in a field -- we were in the field of doing operating systems for personal computers. we new mobile phones would be popular. we were doing windows mobile. we missed being the dominant mobile operator by a tiny amount. we didn't assign the best people to do the work. this is the biggest mistake i

. >> does donald trump hate jeff bezos and amazon? >> would he be able to get out of this, don't give it to them or is he not involved in this? >> what's interesting to note in this. yes, jeff bezos is public enemy number one for trump. some say is this possibly a proxy attack on by the way sew. after they pushed back on him so we see republican allies also coming out criticizing amazon's role in this deal and arguing for it to be restarted. people wonder about some of these arguments that the single source of vendor and whether that would be a risk. here is the thing, this amazon service, the cloud soervice wil be deployed. >> right. >> exactly. >> look, for me it starts and ends with the acronym and the government in this case. we often comes up with dumb acronym, jedi wins for me. >> our reporter gabe gutierrez granted an inside look of the facility of migrant children. the video and story coming up after this break, you are watching "velshi & ruhle." they're multiplying. no, guys, its me. see, i'm real. i'm real! he thinks he's re

bezos. >> that's right. a lot of the folks who are trying to lobby the president and lobby the administration to reconsider this contract are using that to reach the president. the president earlier this week tweeted out a fox news video from -- a clip from the network of a story that referred to this as the bezos bailout. this is definitely an attempt by people who want to stop this contract from going through to use that sort of personal animosity the president has for bezos and for amazon. >> michael warren, thank you so much. appreciate it. >>> still to come, as vooaping looks at new levels, congress is looking at how one company may have targeted children to start using their products. more next. we all use our phones differently. i can manage the time they spend on their phone, who they're texting with, all of that. it's a win for all of us. (vo) the network more people rely on, gives you more. like plans families can mix and match, including the new just kids plan. that's verizon. so, every day, we pu

it is not like they had no humans which is different from the jeff bezos and elon musk companies. it should be said the kind of space travel we are talking about is not like going to the moon. it is like going to space for a few minutes. you are going just to the edge of space, experiencing weightlessness and then coming down. it is in between a trip on the soyuz, which is currently the main option for private space travel and the idea where you take a 747 and they divebomb. emily: the tower of terror at disneyland. does this give virgin galactic an advantage over spacex or blue origin? more flexibility, visibility? max: i don't think so especially. spacex is a higher valuation. i think it is somewhere around $30 billion. they've got billions and billions of dollars in government contracts. that company is well-positioned. blue origin has the pocketbook of one of the world's richest -- the world's richest man. those companies have nothing to worry about. branson obviously is a wonderful marketer. i think being public and having that additional outlet for his sort of doing his thin

because you have given away so much money recently, jeff bezos's became wealthier. do think if you had stayed in college -- [laughter] you don't feel an adequate, -- inadequate, right? bill: i haven't given the money away fast enough to drop out of the top 10. and the market has been strong. host: microsoft is up 35% this year. to what do you attribute that? bill: the company is doing well. we have a great ceo. the importance of software has really come true. the five most valuable companies are technology companies. i get to spend 1/6 of my time at microsoft. host: you said the biggest mistake you made professionally was that microsoft should have the android technology. bill: we were in the field of doing operating systems for personal computers. mobile phones were very popular. we were doing windows mobile. we missed being the dominant mobile operator by a tiny amount. we didn't assign the best people to do the work. this is the biggest mistake i made in terms of something that was clearly within our skill set. we were clearly the company that should have achieve

bill gates not him jeff bezos probably but according to this whole deal is much much richer isn't an oil time or a crypto currency. he didn't start a tech company in a closet or come from old money he owes to. her 3 being a smart jupiter's moon leo computer maker in the 1980 students home was selling cars he was looking for his next career potentially in real estate and looking toward the sky one night he remembered that the 1967 united nations space treaty said that no country could own the most boring each other on a property so he did what any sensible person would do. the un asking any organisation to devise a legal research the one individual couldn't claim the moon is until the un determined it to be a preposterous request or they were simply too busy but either way to miss hope and her pursuit or spots so it's open season to solve plots of land possibly well since then he sold all the lot of land more than $600000000.00 and for each baker so as for 2499399 you know you know after the attacks and shipping and handling of the deep discounts apply to martial arts over 2 makers so

over 75 years of savings and service. >>> while elon musk's spacex and jeff bezos' blue origin grabbed the majority of the space headlines, it's the companies like cr nevada who actually get a lot of the space work. our morgan brennan has more on the billionaires you've never heard of morgan >> reporter: hey, carl, that's right. we talked so much about this billionaire-led space race, whether it is elon musk's spacex whose launch pad i'm standing at or blue origin, sir richard branson's virgin galactic, but they are not the only ones plowing major money and resources into commercial space. f fati and aaron osmond behind the sierra nevada corporation are the other billionaires funding space. >> the vision in general has been the stuff of innovators so our claim to fame is that we can come in and challenge the status quo and bring affordable, innovative solution. >> reporter: theirs is the story of the american dream. turkish immigrants who came to the u.s. with virtually nothing. the osmonds bought out their small employer in 1994, using their home as collateral, building a defense heav

bezos and softbank's massa san, who we also expect to be here. guys, back over to you >> if one thing is for certain, i think scott cohn is probably not in idaho, because, julia, that backdrop is just breathtaking so thank you for being -- >> it is very beautiful here, morgan >> thank you for bringing us that report and i know you'll be bringing us more headlines over the next couple of days. julia boorstin european markets are set to close momentarily. seema mody joins us with a breakdown of today's action. >> european stocks trading lower despite larry cud lowe telling cnbc that the u.s. are in talks to move forward on a trade agreement. there's one stock in focus today in europe and that is german chemical giant basf, cutti intis profit forecast, citing the trait dispute between the u.s. and china and growing weakness in the global automotive market. it now expects earnings to decline up to 30% this year. notable weakness in the chinese auto market. and you are looking at shares of other european chemical producers trading to the downside on b

jeff bezos started what is now the world's largest retailer in his garage, august 25th, 1994. he has grown this company. there are a lot of challenges ahead too. >> definitely. the 150 billion-dollar man at one point has come a long way from his garage. amazon like, that, when you get to the top you have to have a big new idea. this stock has been booming t has done a lot for investors. one of the most held stocks here in the u.s. but worldwide. what investors are looking to do, can amazon continue to keep the momentum going, not just momentum they have. >> good question. >> really get the snowball going. >> a lot of different businesses they entered into, carol. they are trying to take a bite out of apple with the web services. what do you think? how will amazon stand up? >> i think they have done a incredible job. this company is remarkable american dream. only 2 1/2 decades old at this point. i think you hit the nail on the head, jackie. something like amazon web services really enabling the cloud, such a huge driver of what is going to be ahead. things like a.i. i think am