markets higher on monday after friday's sell off we'll tell you what's driving markets and amazon were go on strike in germany after employees voiced their concerns over phone a virus infection we have a show today so let's go and dive right in. data from john hopkins showed the crown a virus or past half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks health experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new coronavirus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the european union opens its borders the european commission declined to comment on the list of countries whose citizens will be allowed to enter the e.u. in the coming days. we're not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. but for the moment do is a process

marketplace higher on monday after friday's sell off we'll tell you what's driving markets and amazon for a tro on strike in germany after employees voiced their concerns over phone a virus infection show today so let's go into. data from john hopkins showed the crown a virus surpassed half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks health experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the european union opens its borders the european commission declined to comment on the list of countries whose citizens will be allowed to enter the e.u. in the coming days. we're not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. but for the moment do is a process of decision

markets higher on monday after friday's sell off we'll tell you what's driving markets up and amazon were held for a tro on strike in germany after employees voiced their concerns over phone a virus infection show today so let's go into. data from john hopkins showed the crown a virus or past half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks health experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new coronavirus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and the european union opens its borders the european commission declined to comment on the list of countries whose citizens will be allowed to enter the e.u. in the coming days. we're not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. but for the moment do is a process of decis

>> the amazon is a dangerous place, like the wild west. in this tribe is for trade at this moment which is really complex, which tells us about different people fighting together. on the one side we have this group and their goal is to protect their land. and on the others there is something more complex that deals with poverty and those conditions of living. this is the paradox, a really rich natural treasure, but at the same time it's really poor. case, they told me they knew that he was collaborating with this group of illegal loggers and side of the reserve. patrolling, and , he was withd by his motorbike. screaming, thed loggers were calling them bad names. that was the moment when it started. then, when wenened came out from the reserve the day after, there were some but we did not know from where. me, probably told this man went to -- >> to retaliate. >> there was that retaliation. what they do is really dangerous. new wildcribed it as a west, that's a way to describe it. and these photos were first revealed in september at the prec

online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will this includes the way the company treats 3rd party sellers legal journalist 1000000 barrels contributor with larry king now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues . pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation by aleisha as well in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how well

there was a positive corona virus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. is near attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and an amazon worker who's fed up with corporate power. we want to inform you that last night we learned of a case of a contractor of ormoc. if i could be individuals like mark. if i could been undergoing here. and we're. starting in late march workers at an amazon facility in chicago held a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on the case why are they so resisting the claim is the only to make you think we've all learned. we have people. we have people that love. we don't want to get anybody this job 7 is not lucky if we run this place to. say oh don't listen to any of 2 our people wrong. we'll

he wanted to be amazon of everything and i remember reading even about antiques and about cars and i remember thinking if i was a car dealership or an antique store and you might do so no i think that what we found is that this pandemic has been a silver lining for amazon and jeff bezos just recently was quoted as saying that their 2nd quarter profits estimated to be. about 4000000000 and are going to go right back into and forcing in reengaging and reestablishing even greater safety measures and as you just mentioned employing more people in terms of their entire supply chain so i think no it's not too big to fail because of the trends within our society and they are right now at the very forefront of these trains these and you know ai is being implemented in all of their warehouses you're seeing the robotics is taking over and so they're not even going to have starting issues someday so they're right at the cost of everything that's happening throughout this pandemic and the way the world's going and a lot of the t.v. commercials are showing now put a good spin on how it is to work

online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will this includes the way the company treats 3rd party sellers legal journalist 1000000 barrels contributor with larry king now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues . pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation by aleisha as well and in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations. are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how

north of a billion dollars making it one of amazon's biggest deals. this was last valued in the private market at $3.2 billion aside from amazon's monster purchase of whole foods, amazon has shelled out close to a billion dollars for companies only a few times including zappos, pill back, ring and twitch the big question is of course what does amazon want to do with a self-driving startup well zoox's has a fleet co another somewhat farther fetched theory is that amazon could actually develop its own autonomous ride hailing fleet. that would pit it against uber and lyft at a time when those ride sharing companies are scaling back amid the pandemic last year amazon invested in another self-driving car company, aurora and electric truck venture perhaps making that not so farfetched lastly, got to note the deal got the attention of elon musk who tweeted today jeff bezos is a copy cat emoji, ha ha. >> i like the use of the emoji that really sold the tweet deirdre, thank you speaking of amazon, suntrust rising its price target on the tech giant to 3400 amaz

marketplace higher on monday after friday sell off we'll tell you what's driving markets up and amazon were held for a tro on strike in germany after employees voiced their concerns over prone a virus infection show today so let's go and dive right in. data from john hopkins showed the crown of our surpassed half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks health experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks and april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the european union opens its borders the european commission declined to comment on the list of countries whose citizens will be allowed to enter the e.u. in the coming days. i'm not going to speculate on what is going to be the final decision by the council of course understand the huge interest that this issue raises. but for the moment do is a pr

there was a positive coronavirus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. is near attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and an amazon worker who's fed up with corporate power. we want to inform you that last night we learned of a case of a contractor in ormoc. if i could be individuals like mark. if i could been undergoing here. and we're. starting in late march workers at an amazon facility in chicago held a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on the case why are they so resisting the claim is the only to make you think we've all learned. we have people. we have people that. we all want to get anybody this job 7 is not luck if we run this place. then i will say oh don't listen to any of 2 our people. will just be a

because there was a focus on the local community thinking that amazon was just taking over so before all this happened yet there was a big push in or just before the local communities but by default all these smaller brick and mortar mom and pop shops i default their price point is much higher than something like a chain store like t.v.'s at the target or wal-mart because they buy things in bulk from overseas they are able to afford a much lower price point so yes now given the coronavirus and the fact that most consumers are strapped for cash at this point given the high unemployment rate they're less likely to want to focus on the smaller mom and shop even if they want to support it simply because they do not have the wall of budget in order to in order to make a contribution they much rather have to focus on these consumer staples that are necessary in order to maintain a household and the only people who are going to benefit from that is as we said the big giant wal-mart target c.v.s. amazon and these are the consumer staple names that used the rally at the stay at home trader on

as a feel good piece they know amazon advertises on their station. they know the advertising the advertising dollars are huge they don't even disclose that when they tell the pre-fab story that amazon produced for him which is a delusional you know completely fantasy story about how well their employees there's no disclosure here is there no there is none and that's part of the problem too and it's also with the producers there's an element of laziness in it too because they know with each 30 minute program they've got 22 minutes they have to fill 22 minutes well amazon just gave me 4 so now i'm down to 18 that's all i have to fill now and they they don't disclose that they get lazy they get caught up in this and amazon is not the only group that has been doing this as you mentioned the u.s. government has done this other corporations pharmaceutical companies have done this tremendously we have it hovered that ad nauseum and so it really calls into question we know cable news is biased one way or the other but i think the bias at the local level is f

speaking more about amazon. amazon has pulled congressional investigators. the house will cooperate in an -- amazon will cooperate in a house antitrust probe, making jeff bezos available to testify if necessary. we know that congress has been exploring the market power of big tech companies. seattle,et the day in covers amazon for us. give us the latest of where we know these investigations are at so far. how far has congress gotten and i will point would we see -- and at what point would we see things hit a crescendo? matt: the house has already held hearings and they are at the stage where they will either start calling ceos and coming up with conclusions. the department of justice also investigating big tech firms. so is the ftc. at least where amazon comes into this, the state of california said to be looking into amazon market power as well. emily: this would be, to my knowledge of a jeff bezos's first time on the hill in this kind of a hotseat. alphabeteen the ceo of , facebook ceo mark zuckerberg, and sheryl sandberg. tim cook has been on capitol hill

throw up amazon on the intraday. joe, as we started our show 26 1/2 minutes ago, we said you sold amazon. we did see on an intraday basis that stock give up some of its gains. that's how long it took to get them back. you see that v >> that's indicative, though, about where stocks are, where the mentality is, is right now there's no great appetite to sell stocks. >> i mean, that is just incredibly foolish if anyone is selling amazon based on me saying that i'm ringing the register >> you're moving the market. >> i don't know if we have time for a quick question -- >> i don't have that time, joe i apologize. tom, thank you for being here. i appreciate it very much. >> thank you >>> that's tom lee >>> all right. where are we at now? coming up next, well, weiss talked about selling the airlines, t 'lbuwel tease it anyway, we're back in two minutes. right now is a time for action. that's why usaa is giving payment relief options to eligible members so they can pay for things like groceries before they worry about their i

online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will listen clude the way the company treats 3rd party sellers legal journalist molly barrows contributor with you now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues . pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation by aleisha as well in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how well it's sell

you know that's that's very true keep in mind amazon has fired 3 workers who essentially have spoken out about the company and the conditions there one of them they said was violating social distancing 2 of them they said violated a centrally corporate rules that say you're not allowed to talk about the company to anyone and so they essentially fired to warehouse workers who were trying to organize and then remember there was a v.p. who actually stepped down from amazon recently saying that the way the company goes after people who do speak out about business practices creates a chilling climate and didn't want to be a part of it anymore so we are seeing a reaction from people who have been involved in the company who are walking away from the company amazon is a behemoth there's no question about it there is no reason i don't think in most people's minds why you can't treat workers better than they do and it's there almost a caricature of themselves in terms of being like the big corporation that doesn't care about the workers well this whole issue of firing worker is that it's here

he wanted to be amazon of everything and i remember reading even about antiques and about cars and i remember thinking if i was a car dealership or an antique store and you might do so no i think that what we found is that this pandemic has been a silver lining for amazon and jeff bezos just recently was quoted as saying that their 2nd quarter profits estimated to be. 4000000000 and are going to go right back into and forcing in reengaging and reestablishing even greater safety measures and as you just mentioned employing more people in terms of their entire supply chain so i think no it's not too big to fail because of the trends within our society and they are right now at the very forefront of these trains and you know ai is being implemented in all of their warehouses you're seeing the robotics is taking over and so they're not even going to have stopping issues some day so they're right at the cost of everything that's happening throughout this pandemic and the way the world's going. and a lot of the t.v. commercials are showing now put a good spin on how it is to work for the c

online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will listen clude the way the company treats 3rd party sellers legal journalist 1000000 barrels contributor with larry king now with more on the accusations that amazon is facing molly good to see you how many geisha ins are we talking about here and are they all focusing on the same issues. pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation violations as well and in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations. are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how well it's s

online retail giant amazon is facing multiple investigations and possible antitrust charges over its business practices will listen clude the way the company treats 3rd party sellers legal journalist molly barrows contributor with you now with more on the accusations that amazon is facing molly good to see you how many that are a geisha is are we talking about here and are they all focusing on the same issues . pretty much there are some nuance differences but basically you have several investigations 2 state investigations out of california and washington of course that's amazon's home state and also you've got the european commission that is looking into some antitrust regulation by aleisha as well and in fact charges are expected so in a nutshell amazon has its own private labeling brand and the european commission investigation is focusing on that in the 2 state investigations are sort of looking into similar issues but basically what that means is amazon has the ability to collect data on a lot of it's 3rd party sellers like information like who's looking for what how well it's

amazon is facing backlash in at least 40 hours of shutdown in germany as workers have gone on strike after staff at warehouses they've tested positive for corona virus will workers at 6 of the company's german warehouses are striking on monday and tuesday they're saying that the e-commerce giant is placing workers at risk and even endangering their health in a statement german labor union rep stated that amazon has so far shown no insight and is endangering the health of employees in favor of corporate profit well joining us now to discuss. co-host and investigative journalist ben so on ben the sound familiar i feel like we've talked about this before a 48 hour strike though it's not very long what do these workers hope to accomplish . well it's not very long 48 hours is obviously just really a kind of a shot across the bow with if you will for workers that essentially to say the amazon we need you to get into line and to treat us the way that they feel that they should be treated it is a big deal in germany though you have to remember that germany is amazon 2nd largest market after

there was a positive coronavirus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. these they are attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and an amazon worker who's fed up with corporate power. we want to inform you that last night we learned of a case of a contractor of ormoc. if i can be individual by march. the 5 have been undergoing a review. and we're. starting in late march workers at an amazon facility in chicago called a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on katie why are they so resisting the claim is the only to make you think we are all born. we have people. we have people that love. we don't want to get anybody this job 7 is not lucky if we run this place to. say oh don't listen to any of us. we'll just be above t

warehouses became co-op it hot spots just a month ago so here to weigh in former amazon employee and worker organizer chris wallace is here chris good to see you again 1st i would like to remind people of who you are and what happened to you when this pandemic 1st hit you were fired for raising the flag and calling foul on the company recap that for us. absolutely for those who don't know my name is chris smalls from staten island new york t.m.p. a former employee was one of the supervisors that worked with the company since 2015 and beginning of march we want protected and a lot of my employees former colleagues became sick until around me my race how can say because servants who the local h.r. departments are trying to go through the proper channels went down didn't have any response i raised my concerns to the government spin and now emails letters no response there as well so i have a walkout on march 30th that resulted to my terminations wow and now here you are still raising that flag now we're also learning of this press release put out by amazon's communications department th

there was a positive coronavirus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. is they are attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and in amazon workers who start up a corporate power. we want to inform you that last night we learned of a case of a contractor in ormoc. if i could be individuals like mark. if i could been undergoing here. and we're. starting in late march workers at an amazon facility in chicago held a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on katie why are they so resisting the claim is the only to make you think we've all learned. we have people. who have it without love. we don't want to give anybody the stuff 7 it's not worth. if we run this place to. say oh don't listen to any of us. will just be above th

he wanted to be amazon of everything and i remember reading even about antiques and about cars and i remember thinking if i was a car dealership or an antique store and you might do so no i think that what we found is that this pandemic has been a silver lining for amazon and jeff bezos just recently was quoted as saying that their 2nd quarter profits estimated to be. about 4000000000 and are going to go right back into and forcing in reengaging and reestablishing even greater safety measures and as you just mentioned employing more people in terms of their entire supply chain so i think no it's not too big to fail because of the trends within our society and they are right now at the very forefront of these trains these and you know ai is being implemented in all of their warehouses you're seeing the robotics is taking over and so they're not even going to have starting issues someday so they're right at the cost of everything that's happening throughout this pandemic and the way the world's going. and a lot of the t.v. commercials are showing now put a good spin on how it is to wor

amazon has a big hand in both of those. stock is up nearly 40% our next guest initiated coverage of amazon with a buy rating and $3,200 target joining us either nice and early or nice and late from california you are a media analyst. what are you doing covering a consumer products company like april amazon >> we have found that they are a consumer services. aws a widely valued. implying a trillion of amazon's value out of 1.3 is attributable to services businesses you are buying at the revenue, which is cheap to us $500 million for the media side? is john krazinski really worth that kind of money >> we are looking at ad and streaming. using the public costs twitch is one of the most valuable media because it targets 15 to 25-year-old young men. includes music which deepens penetration. that's your next generation of e commerce buyers. when you think about the on ramp of how to get people addicted to amazon products. it is great. they reach twitch and have the design they don't focus on the as sets as on ramps to the next ge

there was a positive coronavirus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. is near attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and in amazon workers who start up a corporate power. we want to inform you that last night we learned of a case of a contractor in ormoc. if i could be individuals like mark. if i could been undergoing here. and we're. starting in late march workers at an amazon facility in chicago held a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on katie why are they still resisting the claim is the only make you think we've all learned. we have people. who have it whatever. we don't want to get anybody this stuff 7 is not worth it if we run this place to. say oh don't listen to any of 2 us people. will just be above t

is mark, great to have you on amazon is currently training around 2500. you have been bullish on this name for awhile. what plead to the price target increase, though >> we were at our eighth annual u.s. survey. the trends have gotten more p positive every year. if you look at penetrate rates, the attention to spend, and maybe most bullish of all, prime pe penetration. they reached a record high level. we think globally they started around 150 million subs. we think they will exit this year doclose to 100 million sub. when we're more bullish we will raise the price target >> how sticky do you expect that model to be based on the research you said some of those satisfaction results among consumers have come down a bit >>> yeah, it is an issue we first saw it clipped down in our survey work, and why would satisfaction be falling and slipping at amazon it used to be high 80% of customers described themselves as very satisfied. that number now is in the high 60s. we think near term there was probably disappointment around covid disrupted deliveries i am worri

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of participants the more the merrier then there's the feedback effect the bigger the side the more data it can collect to optimize the system and that makes the site even more attractive to uses google and co hugely successful in securing their monopolies according to major silicon valley investor pizza deal competition is full news this. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro market with protests as well as legal and political action the battles yet to be decided. meanwhile china simply look to take china out with its enormous file will. put its they've been pursuing quite a

. >>> nearly 100 workers infected at a single amazon warehouse >>> and the primaries in a pandemic. will we see some election upsets tonight? >> this is "nbc nightly news" with lester holt. >>> good evening i'm savannah guthrie in for lester. tonight the stark warning from the nation's top infectious disease doctor coming before congress dr. anthony fauci said today we're seeing a disturbing surge of infections and the next two weeks will be critical cases of covid are on the rise in almost half the states now with record surges in florida, texas, and arizona where the president visited this afternoon. we have our team covering all angles tonight and we'll begin with nbc's tom costello in washington >> reporter: with long lines for testing and covid-19 cases surging once again in the south and the west, the nation's top coronavirus experts today warned congress, the pandemic remains a very real threat >> we're now seeing a disturbing surge of infections >> reporter: nationwide 23 states are reporting an increase in cases, 25% or more, over the last two weeks. with increases of 100%

there was a positive corona virus case at amazon we were demanding that amazon shut down for 2 weeks and pay us all. or attacking us and having a complete disregard for our lives and that means we need to defend ourselves and we need to do everything in our power to change this system completely and an amazon worker who's fed up with corporate power. we want to inform you that last night we learned of a case of a contractor in ormoc. if i could be individuals like mark. if i could bring undergoing in here. and we're. starting in late march workers at an amazon facility in chicago held a series of walkouts after hearing of coworkers testing positive for covert 19. they were demanding the company shut down their warehouse until they could guarantee it was sanitized and safe for them to return we just got another come on the case why are they still resisting the plane is the only make you think we've all learned. we have people. we have people that love. we don't want to get anybody this job 7 is not luck if we run this place. then i will say oh don't listen to any of our people wrong.

andd the effects w would not sty just in the amazon. what happens in the amamazon dos not t stay in the amazon. as we s saw last year, the smoke anand the particulatess that coe from the forest fire, they c can go to other areas and therefore affect other people in brazil as well. amy: earlier this month, the kayapoamazon indigenous chief paulinho paiakan died of covid-19. he was 66 years old. he was a lifelong defender of the amazon rainforest, who in the 1980's led the resistance against the belo monte hydroelectric project, an environmentally destructive massive complex of dams planned to be built on the xingu river in the heart of the amazon. the project was successfully suspended at the time, but later reinstated. in recent years, paiakan had warned against brazilian president jair bolsonaro's calls to open the amazon for agriculture and mining. which brings us back to the president and his policies and how the fact that he is being fined by a judge for himself not protecting himself, similar to his ally president trump. but his po

where does this leave amazon? how much more headroom does amazon have. clearly it has been a wealthy company of late. how much higher could we go? how much more potential is there to make money? james: we see this is a $2 trillion company. we are below that now. last i checked we are 1.3 1.4,on -- $1.3 trillion or we think that is easily where the company could get to as long as they continue to reinvest to the degree they are and make the gains on the logistics front. the optionality associated with grocery is not priced in at all, and then you have the gaming and video optionality on top of that. we are incredibly bullish on it and have no reason to get out of it anytime soon. alix: 1.3 trillion dollars as of right now. thanks a lot. james cakmak of clockwise capital. we want to give you an update on what is making headlines outside the business world. here is ritika gupta. ritika: applications for unemployment benefits in the u.s. continue to fall. americansmillion filed initial jobless claims. that more than doubled the worst during the great recessi

well-timed amazon, right >> yeah, i mean, amazon has really turned into an etf unto itself they seem to navigate the waters pretty well. every time i look at year to date performance on amazon i have to scratch my head to make sure i'm seeing the right number it's a tech spot it's a retail play it's cloud play. it's everything under the sun. they always seem to navigate it just right stocks up 46%. i think being able to buy fractional shares, you can get a different retail client to it. i haven't bought it here i was long at 190. sold at 650. went in and out, to 1,000. so practice what i preach. i haven't bought it here but i see why people would want to own this conglomerate of amazon the way it is now. >> guy, you think amazon needs to spend this on these ads, they air on cnbc, full disclosure, they're riveting, they really tell a good story. >> charm offensive i mean, i just, i love the sound of it. do they need to spepd spend it why not. they prove they can spent money on anything and the stock is impervio impervio impervious seems he bought that telescope to star gaze that's won

emily: amazon is denying the charges. how good is the amazon counterargument? some ofazon is denying the charges. about a year ago, emily, and executivecutive -- an setting sworn testimony before a congressional committee, that amazon wasn't doing any of this. but then "the wall street journal" and other publications found amazon was. so it is hard to evaluate amazon denials in light of that. amazon says they are investigating what is going on in their own company, basically. emily: the u.s. is looking into big tech, including amazon. how much of what is happening in the eu will affect the course the u.s. government is going to take? gary: it is going to have some publicityt from a point of view more than anything else. in thetandards they use e.u., emily, are different than the ones used here. and basically, legal standards in the eu make it much easier to bring charges against a company like amazon, and other platform kindsers, for doing the of things amazon is alleged to be doing here. in the united states, we have rather convoluted legal rules for antitrust

is next, where we speak with the amazon head of sustainability. this is bloomberg. ♪ ♪ from bloomberg's world headquarters in new york, i am caroline hyde. romaine: this is "what'd you miss?" caroline: on the nasdaq, once again we march higher. volumes higher, stocks higher. volumes lower on the s&p 500. president trump says not to worry about the china and u.s. trade deal after trade advisor peter navarro signals it could be coming to an end. over 2 million restaurants around the world fight to keep their doors open. as part of the bloomberg invest global summit, david rubenstein spoke with steven mnuchin, treasury secretary, on a range of topics. mnuchin: theetary president has been clear. we put a lot of money into the economy. unprecedented response and there is no question that money is having a major impact on the economy. ppp, whichis the impacted 50 million workers, the direct payments of over 60 million, enhanced unemployment. left they just republican senate lunch and we are beginning to discuss the aspects of what the bill would loo

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee has the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of participants the more the merrier then there's the feedback effect the bigger the site the more data it can collect to optimize that system and that makes the site even more attractive to uses google and co hugely successful in securing the monopoly according to major silicon valley investor peter thiel competition is full loses there's just no way around digital capitalists well is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro markets with protests as well as legal and political action the battles yet to be decided. meanwhile china simply love to take china out with its enormous file will. they've been pursuing quite a radical pro

. >>> nearly 100 workers infected at a single amazon warehouse and the primaries in the pandemic will we see some election upsets tonight? >> this is "nbc nightly news" with lester holt. >>> good evening i'm savannah guthrie in for lester and tonight the stark warning from the nation's top infectious disease doctor coming before congress dr. anthony fauci said today we're seeing a disturbing surge of infections and the next two weeks will be critical cases of covid-19 are on the rise in almost half the states now with record surges in florida, texas, and arizona, where the president visited this afternoon. we have our team covering all angles tonight and we'll begin with nbc's tom costello in washington >> reporter: with long lines for testing and covid-19 cases surging once again in the south and the west, the nation's top coronavirus experts today warned congress the pandemic remains a very real threat >> we are now seeing a disturbing surge of infections >> reporter: nationwide, 23 states are reporting an increase in casesof 25% or more over the last two weeks with increases of 100

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of participants the more the merrier then there's the feedback effect the bigger the site the more data it can collect to optimize that system and that makes the site even more attractive to uses google and co hugely successful in securing the monopoly according to major silicon valley investopedia deal competition is full loses. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into the market with protests as well as legal and political action the battles yet to be decided. meanwhile china's the tech giant out with its enormous file will. put its they've been pursuing quite a radical protectionism and i have to

dollars are huge they don't even disclose that when they tell the pre-fab story that amazon produced for him which is a delusional you know completely fantasy story about how well their employees there's no disclosure here is there no there is none and that's part of the problem too and it's also with the producers there's an element of laziness in it too because they know with each 30 minute program they've got 22 minutes they have to fill 22 minutes well amazon just gave me 4 so now i'm down to 18 that. all i have to fill now and they they don't disclose they they get lazy they get caught up in this and amazon is not the only group that has been doing this as you mentioned the us government has done this other corporations pharmaceutical companies have done this tremendously we have it hovered that ad nauseum and so it really calls into question we know cable news is biased one way or the other but i think the bias at the local level is far more than anyone understands awful fair and thanks for joining me thank you finally tonight some good news donald trump's threat to veto a bill

meanwhile amazon takes a step back from law enforcement for the next year the tech giant will ban police from using its facial recognition software shown to misidentify people with darker skin. born during the last down with her parents far away after weeks of separation the surrogate baby in the ukraine finally meets her family but many others still face a long way. to go and terry martin good to have you with us at a dramatic congressional hearing the brother of george floyd has called on lawmakers to make sure he did not die in vain for its killing in police custody ignited protests across america and around the globe the plea by phil lowness floyd came as demands grow to reform policing and stop african-americans dying from use of excessive force by white police officers. a day after his brother george was laid to rest in houston texas. alone as floyd was in washington d.c. in an emotional testimony he make is to ensure that his brother did not die in vain when you watch your big brother who you looked up to your whole entire life da da big a boy's mom i'm tired i'm tired of. paying

them legal immunity from misconduct on the job may be headed to the supreme court later in the show amazon's been caught red handed in its latest p.r. stunt feeding sponsored news content to local t.v. stations 'd across the country don't go anywhere america's war starts right now. riots in america where does it all lead how what does it mean for the next presidential election i have fair and cousins with me we're going to talk about this fair and you know this is this is complicated it's tough to do in 8 minutes to round all this out but as i was watching a couple of commentaries the thing that struck me was rick perlstein you and i did actually we interviewed rick perlstein my memory is who wrote nixon land and as i look at nixon land it plays right into what i see happening what is your take on it i think there's a lot of moving parts to this obviously you know we've got the the act. sins of the police officers not just the one you know who killed george floyd but what's been happening since then the videos of all of that the videos of people you know looting a target walking out with leg

one winner all day, amazon. i think this has to do with, even though we are reopening, they will continue to benefit as so many americans have started to use their services more. facebook up a little bit, netflix down a little bit. amazon receiving some price targets. overall, lagging on the day. these are the stay-at-home stocks. because we are now reopening, that is where investors have been moving out of. those stocks have been the big leaders on the year, both the nasdaq and s&p 500 lagging. even the you have investors not thinking so much -- even though you have investors not thinking so much about the opening, you could have catch-up. those bank stocks cooling off now and some of the other stocks catching up. let's hope it does not come at two big of an expense for some of those momentum names. in terms of rotation, it could be painful. that was happening earlier but at the end of the day, very much risk on. emily: all right, abigail, we will see what happens tomorrow. thank you for joining us. facebook is

for example amazon is provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of but disappoints the more the merrier then there's the feedback effect the bigger the site the more data it can collect to optimize the system and that makes the site even more attractive to uses google and co hugely successful in securing their monopolies according to major silicon valley investor pita deal competition is full loses. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro market with protests as well as legal and political action the battles yet to be decided. meanwhile china simply luck to take china out with its enormous file will. put its they've been pursuing quite a ra

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of participants the more the merrier then there's the feedback effect the bigger the side the more data it can collect to optimize that system and that makes the site even more attractive to uses google and co hugely successful in securing the monopolies according to major silicon valley investor pizza deal competition is full news this. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro markets with protests as well as legal and political action the battles yet to be decided. meanwhile china simply the tech giant out with its enormous file will. have been pursuing quite a radical protect

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee it is the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of but disciplines the more the merrier then there's the feedback effect the bigger the site the more data it can collect to optimize that system and that makes the site even more attractive to uses google and co hugely successful in securing their monopolies according to major silicon valley investor peeta deal competition is full news this. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro markets with protests as well as legal and political action the battles yet to be decided. meanwhile china simply the tech giant out with its enormous file will. have been pursuing quite a radical pr

amazon -- and it still has something like 100 billion. amazon does have net debt position. it is not as easy for amazon to say we're going to use of repurchasing. the flipside, amazon has tight margins in comparison to apple. its ability to extend that into more free cash flow is something investors are confident in. tom: what would they buy? what would apple by? what would amazon by\uy? is? twitter the obvious transaction? alex: the understanding is there close to buying zooks, which is one of the pioneers. that is not necessarily about delivering step to your doorstep. --is about getting transported around its warehouses. that is not a megadeal, 3 billion. i think the twitter thing is a lot of execution risk and a lot which --tional risk, frankly, from a data perspective, amazon has all of the data it needs because it knows what you're interested it and it knows when you buy it. but there are lots of adjacent fields that are about making it a i-efficient, what we like to consider big deal in the 2 billion, 3 billion, 4 billion range, those things that can really make the

sales of pepper spray have been selling on amazon itself. --sewing on amazon itself. dan, it is so interesting to see how these protests are impacting companies. pepper spray shot to the top of the bestseller ranks for boards and outdoor items. you have reviewers talking about the demonstrations in reviews, one saying "put the cops down when they mess with you." what do you make of this? >> amazon found themselves in the middle of a firestorm because on one hand, the delivery perspective, it is about the safety of its drivers. at the same point they have got to make sure that the packages get there. you are seeing rerouting across the board. when you talk about the pepper spray, it shows a lot of these companies, they find themselves in an uncomfortable situation relative to this backdrop, which is unprecedented, and i think that is something bezos and amazon are trying to navigate by the hour. emily: meantime, you have got amazon saying they will offer some new family benefits e.com to their 650,000 full- and part-time employees in part because of the pandemic, givin

for example amazon has provider on the marketplace that it has created worldwide. so it's not just the referee has the same time it's also a player. there are 2 main reasons why the gaffa big 4 dominate the markets one is the network effect that is as services usefulness increases disproportionately with the number of but disciplines the more the merrier then there's the feedback effect the bigger the site the more data it can collect to optimize that system and that makes the site even more attractive to uses google and co hugely successful in securing the monopolies according to major silicon valley investor peter thiel competition is full loses. there's just no way around digital capitalists is there. in india small businesses are fighting back against amazon india's powerful shopkeepers union has been trying to block amazon's entry into their 1000000000 euro market with protests as well as legal and political action the battles yet to be decided. meanwhile china simply luck to take china out with its enormous file will. they've been pursuing quite a radical pro