this is bloomberg. ♪ taylor: amazon's cloud division is expanding. the company plans to build a regional data center in a free trade zone in argentina. amazon is preparing to invest about $800 million in the project over 10 years and will reap considerable tax benefits. for more, i want to bring in the person who covers amazon forest. us. why argentina? >> well, this will be amazon's first data center in south america since its first one in brazil in 2011, so now this was in argentina, the second economy in south america, so it is expanding its presence in latin america for the first time in several years. taylor: spencer, when i was in new york, amazon was looking at expanding their second headquarters, and they got a lot of pushback for tax breaks. is there any risk amazon gets backlash for the amount of tax breaks in argentina? >> i have not heard much on that. a lot of these are fairly standard for the trade zone down there, so that would be any business operating in this specific trade zone, getting these benefits that the argentine government p

now for a quick break but stay tuned because when we return amazon has come under heat for controversy around recognition technology and now that commerce giant is proposing to write their own regulations for their own program literally author and. joins a program to give us his view on what's in store for this sector and as we go to break here are those market numbers on a wild day at the court. all right going to follow on that comes out of. the middle of the set of one among them . a far left for the main t.v. they tell you not the high. i mean. some of the said on months in front of the house and so on. totally unknown to me a lot of those. didn't even then that it is someone who did the board. didn't. know why a paradise with some ground turned into a round experimentation feels great cultural chemicals we know that these chemicals have consequences they are major irritants there's no question otherwise why would the chemical company workers themselves be geared up that suited up locals attempt to combat the on regulated experiments but often in day you have many of these people w

now for a quick break but stay tuned because when we return amazon has come under heat for controversy around recognition technology and now that commerce giant is proposing to write their own regulations for their own program literally author and. joins a program to give us his view on what's in store for this sector and as we go to break here are those market numbers on a wild day of the. revolution . the demonstrations going to be relatively peaceful political protests. revolution is. always spontaneous or is it you know we're here i mean you are liz put pretty with me in the neighborly as i do spelling needle the former ukrainian president recalls the events of 2014. those who took boat i've invested over $5000000000.00 to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. on the surface this is not reported because it's too harsh fine to speak of that the fact that a credit markets reach such a stated just disrepair. that's. causing a run on the dollar. but because. of this connection to last him should ask for the past 70 and seen and

the reform of the catholic church might just have its origins in the amazon. now tourists are flocking to australia's iconic sandstone rock allure for one last climb before a permanent ban comes into effect starting on saturday the monolith will no longer be open to climbers the decision was made out of respect to indigenous australians who consider the site sacred according to the park's most recent data 300000 people visited the louvre and 2015 with a 130 people climbing it every day was added to the list of unesco world heritage sites in 1987. coming up next business africa where gary hart al for staying tuned for that in just a few minutes our. children. from africa. who are learning to exception your stories and discussion. of easy to our website interviewed smart pick up join us on facebook. for.

petersburg police arrested that former amazon driver. >>as they should they say daniel zambrano is now facing charges for grand theft. dealing in stolen property. let's take a live look outside right here in san francisco to talk about our 4 zone forecast there's the embarcadero it was windy and some of the other shot so looking little bit calm here. but the bear. >>it's been then with the little bit. >>classic fall weather chief meteorologist lawrence karnow is here. for the 7 day forecast. yeah we're working on a real yes, give me. we're going to these temperatures cooking i would be surprised we saw some 90's may return to bay area so yeah, this kind of in between though right now you can see >>as all right now at the airport winds kind of kicking up around the bay area see that in the tree down below in blustery at times but yeah, the camera kind of shaking in the wind there as well, but no delays at sfo oakland, or san jose we are looking good, but those winds have blown around you can see ghat 29 miles per h 20 in the palo alto 17

the hospital ship papa francisco will serve people in remote villages in northern brazil along the amazon the world's longest river. and it will provide medical care to villages in an area heart the size of germany. report back works full time on the hospital ship. they got one out got assigned as i heard about the project i was very enthusiastic about it it enables me to work as a franciscan and as a doctor in a region where the people are very distant here and we discuss with us look we can provide the people with what they really mean good health care but have to go on top of all. the franciscan nun gave up her post a senior physician at a hospital in germany and took on the job of chief medical officer on both the proper francisca and exciting challenge. dawn in santa antonio a small community of rivets well as in brazil. as soon as they heard the hospital ship was on its way people from the surrounding villages started gathering here. the assembly hall has been crowded since early morning free medical treatment brought virtually to the front door is. almost too good to be true but 1s

we also saw amazon invest heavily in sales and marketing for amazon web services. amazon did have a big leeway in terms of getting a head start for developing its cloud computing business, but now you are seeing google and microsoft pickup and stiffen the competition. the theme is investors concerned about this quarter not just being a one time miss that increased spending is going to continue for several quarters into the future. great to have you with us. we have a red headline breaking on eni. million net at 776 euros, slightly below the estimate. more details on that as they come through. we are busy with earnings season this week. coming up on daybreak europe, partly as reports third-quarter earnings. we speak to the bank's ceo jes staley. don't miss that after 7:00 a.m. london time. tune in to bloomberg radio on your mobile device or dab digital radio. ♪. matt: this is "daybreak europe." nejra: global equities are on track to end the week unchanged. the most loved shares were pummeled. dani burger, what are you looking at? >> we are seeing a slow-motion rep

david: shares of amazon plunging after hours, 6.5% after their earnings fell for first time in two years, what happened. >> they made less money than anticipated in the quarter, and growth driver, the cloud falling short of expectations this quarter, and worse to holiday shopping period, they guided market for less than a anticipated. and the market looking for something closer to 87 billion, this sunk the stock, we're down to about 8% down at one point, 9% lower, amazon, has said we'll see more higher costs we're getting to one day delivery, instead of two-day. it was anticipated it would fall but not this much. david: one day delivery costs a lot of money. >> yes, but are people buying. however, i would say i listened to head of consumer in long beach at "wall street journal" tech live event 24 hours ago. 48 -- jeff wil said consumer is strong. you are here for the hour. david: we bring in the panel. >> there are a couple things about amazon, it is a fascinating case study of whether or not the business is being run by a ceo who runs the business the way he thinks he should or running

seeming to suggest the deck was stacked in favor of amazon. that is likely to going to feature in whatever protest, if amazon should take that route. taylor: any sense of how likely it is that they could win? matt: they face a steep challenge. amazon's rival oracle showed that earlier this year when they tried to challenge an element of the contract. they said they were unfairly excluded from it based on some ties that amazon employees had with the pentagon. that was thrown out by a judge. just showing how hard it is to prove that a contract, or that the government improperly awarded a contract. courts tend to give a lot of deference to awarding agencies in these cases. given the amount of stuff in the public record from president trump on amazon, they are likely to make the effort. one thing contracting experts have pointed to is there a chance maybe the public hearing would force a revisiting of the contract, portions of it, but there's a long road ahead regardless of what amazon chooses. taylor: matt day, thank you for joining. now we take

amazon said in a statement, it is surprised at the outcome, at the decision, and amazon web services is the clear leader in cloud computing. >>> ahead, the insanely popular popeyes chicken sandwich isn't too chicken to make a return. cnn business, next. mornings were made for better things than rheumatoid arthritis or psoriatic arthritis. when considering another treatment, ask about xeljanz xr, a once-daily pill for adults with moderate to severe rheumatoid arthritis or active psoriatic arthritis for whom methotrexate did not work well enough. it can reduce pain, swelling, and significantly improve physical function. xeljanz can lower your ability to fight infections like tb; don't start xeljanz if you have an infection. taking a higher than recommended dose of xeljanz for ra can increase risk of death. serious, sometimes fatal infections, cancers including lymphoma, and blood clots have happened. as have tears in the stomach or intestines, serious allergic reactions, and changes in lab results. tell your doctor if you've been somewhere fungal infections are common, or if you've had

that was reported in the book screw amazon, trump's order to screw amazon that is an abuse of power, that is wrong. i have been harsh on president but he deserves it in this case. his endless assault on sa amazo, because jeff bezos owned it, this wrong, this is interfering in private business, the president is not just some guy with an opinion. >> caroll, one side of the argument buon button it. >> i don't like cronyism, i like free markets but be realistic this happens in every level of government, amazon has exploited it their benefit many times this time it did not work out for them, too bad. david: deal or no deal, conflicting reports about future of phase one of trade deal with china. what is going on? we'll ask a man in the know. curtis ellis, joining us next. ♪ (dramatic orchestra) performance comes in lots of flavors. there's the amped-up, over-tuned, feeding-frenzy-of sheet-metal-kind. and then there's performance that just leaves you feeling better as a result. that's the kind lincoln's about. ♪ it's been reported that there's a cyberattack on business every 39 seconds.

of exploiting the amazon basin. translation: may god preserve us from the greed of new forms of colonialism. the fire set by interests that destroy, like the fire that recently devastated amazonia, is not the fire of the gospel. the environment is the main focus of this three—week meeting of bishops and laypeople from the amazon region. but tucked away in the preparatory document is a potentially explosive idea, that to remedy the serious shortage of priests in the amazon, the church could ordain married men. that would break with centuries of tradition, whereby only celibate men could be raised to the priesthood. the suggestion has aroused serious opposition within the vatican, with some clerics worried that a solution to a latin american problem could be exported across the catholic world. cardinal raymond burke, who has become a focus of opposition to the pope within the vatican, has already denounced some of the synod discussion as heretical. but church leaders in brazil are adamant that the problem is real. o

terrible move to transfer anything like this to amazon cloud are you kidding me d.h. has an f.b.i. stop this. i sure hope d.h. has encrypted people's data before putting on to amazon servers hackers could easily search still data that he spoke to terry and possibly to his mother's digital specialists to get their thoughts on the she. can look at the system and say is this really geared towards things like terrorism or is this really just geared towards imprisoning lower classes for minor crimes like drug use these types of technologies have historically been used to micromanage non-crimes and basically profiting private prisons and police unions they've been used in my command these non-crimes instead of doing anything to keep americans actually safer there are many ways that such technology could be used in ways that follow the 4th amendment that have massive privacy protections that make sure that they are not violating people's natural right to privacy and dignity this government is choosing to use this technology in a way that violates the 4th amendment this is be

that comes into play again it's really really evil amazon. so evil amazon. but then i've got the other one that's still going through because there's another there's the other big dog that we haven't talked about the room with this is google and you know i want to get this in real quick is that you know let's not forget amazon also owns the not the other one that's still going through but it's there's another there's the other big dog that we haven't talked about the room with this is google and you know i want to get this in real quick is that you know let's not forget amazon also owns the cloud computing techniques thanks for the intel the old times old movies i'm going to be really contributing really big and we're going but we're going to google for them that involved all this because that is they've got to gerbs they've got something better supercomputers and all knowable they're going to go right on so right actually and so actually your google. google employees came out and said that they don't want anything to do with government contract with. google

amazon oracle and i.b.m. all pitted against each other microsoft is the winner so i don't know what it was exactly that you know there was other companies in there as well we had microsoft amazon oracle and i.b.m. all pitted against each other microsoft is the winner so i don't know what it is exactly of the contract and what is the jet i program please contract and what is the jet i program please i'm assuming it's what korea advertising for the upcoming star wars movie look at your company right which zooming it's what korea advertising for the upcoming star wars movie like a p.r. campaign right which we all know that those are i think i think are going to be living invested as well as we all know that those are i think i think are going to be living invested as well. but the joint enterprise defense infrastructure is what i stands for and what the joint enterprise defense infrastructure is what i stands for and where i did it and this is what it's going to stores it's across the stores it has been processe

remedy this the 3 week meeting of bishops will consider allowing married men in the amazon to become priests in a working document it suggested this should quote be studied for older people prefer to be indigenous respected and accepted by their community even if they have an existing and stable family. if everything continues as it was if we spend our days content that this is the way things have always been done then the gift vanishes and smothered by the ashes of fear and concern for defending the status quo. would be controversial go catholic priests are required to be celibate so they can be fully devoted to the church and traditionalists fear the move could pave the way for getting rid of the celibacy requirement altogether. we turn to sports and bundesliga soccer now and there are new leaders and a new 2nd place team after sunday's games. moved top after a 51 thrashing of book will spook beat union berlin at one nil to go 2nd frankfurt and bring in drew previous leaders byron munich were stunned 2 to one at home by hoffenheim on saturday while dortmund slipped up again and a q

amazon is kind of the same thing. less content alongside which is very important s subscription is very big the next big one will be health care they've bought another company this week. they want to be the next disruptor. they'll need an investor in that as well. >> one topic we haven't reached is regulation. you had an interesting observation that in the conference call, there wasn't a lot of focus is it just a matter of time before amazon comes under scrutiny and regulation comes on the stage. >> i think what we are seeing is that there is two levels of regulations. in the 2020 regulation put it that way before everybody goes after them and something more across the board in u.s. and europe, which is the selling third party goods. what do they do with the data? the u.s. are looking into it another layer is on the city level. we are seeing seattle and new york and cities kind of looking at the tech company and be a bit stronger >> by the way, companies facing the most scrutiny still up double digit gains so far, not

still ahead, we are talking amazon earnings. the stock on pace right now for its worst day in more than two months, wiping out $7 billion of market cap. from new york and london, this is bloomberg. ♪ ♪ romaine: live from new york, i'm romaine bostick. guy: from london, i'm guy johnson. this is "bloomberg markets." let's talk about what is happening with amazon. shares sharply lower, and the red. the retailer reporting its first year-over-year quarterly profit decline since 2017. taylor riggs joins us from san francisco. the company is back in investment mode, and the company doesn't sound that concerned about this. the market certainly is. why did the market get this one wrong? taylor: the market was much more concerned yesterday with the numbers after the bell. shares were still down, but you are seeing a bit of recovery from what we saw. you are right to mentioned the drop in profit for the first time this quarter, going back in about two years, is a big concern. that is the key in that chart, capex. the company is back in

amazon's year on year profits fell for the first time in two years. the company is sharply lowering guidance for the holiday quarter. cloud business revenue grew at its slowest pace since 2015. and advertising continues to take share growing nearly 50% year on year but the brightest news is coming from the smallest part of amazon's business. so what does this all mean for its future for more, i'm joined now by scott mushkin and our very own john ford. it's great to have you both here scott, i'll just -- i'll start with you you have a buy on the stock about a $2300 -- i'll round it -- price target so how concerning is the cloud slowdown to you? >> well, i mean i think if you look at the cloud, they obviously have more competition coming in. but at the same time, with the ebit slow down, we think there's two important factors here we actually think they're going to spin off the aws. we do. we think they're going to spin it off. >> you think amazon's going to break itself off and spin off the cloud? >> we do so, you know, number one is they really ramped

>> i think amazon is doing -- getting in front of a real issue, they have a target on their back like facebook has a target on their back from the administration and others in washington you know, amazon is a 40% of the e-commerce market, 4% of retail, but that's something that's going to be addressed, the fact that they're so dominant in retail technology with noeks folks in e valley, making sure washington realizes innovation is important. companies like facebook and amazon are important, we invest in and around their ecosystem to build the next amazon, the next facebook and in tech, you have to realize that tick tock and other chinese companies aren't seeing the same impact that u.s. based companies are, take a step back. understand that amazon needs to defend itself now, there is a lot of negative sentiment in washington and amongst consumers how large they become. but we should all realize how they helped move the country forward for a couple of decades now. >> yeah. you mention government contracting before, amazon is a government contractor, right they're doing work, jedi getti

the aeronaught. >> amazon has a different opinion on that. they've already froro what i'm seen there is a willingness to rk with apple andwo amazon with the theatrical exhibiters. >> one thing theav streamers he in common is the hope too captue awards and critical acclaim to promote their t services subscribers and top talent who don't want work lost in a crush of content online. for nightly business report, i'm julia boorst in los angeles. >>> and before we go, one final look at the day on wall street. minus signs for the dow mainly because of johnson & johnson and boeing, down 255 points. nasdaq down 67.li indemnitys the big looser there. she s&p dropped by 11. and that "nightly business repo" for tonight. i'm bill griffeth thanks for watching. >> i'm sue herera. have a great weekend we'll see you monday. ♪ ♪ ♪ ♪ ♪ woman: this is "bbc world news americ" made possible by... the freeeen foundation; by judy and peter blum-kovler foundation, pursuing solutrsns for america's neglected needs; an tby contributions s pbs station from view

david: shares of amazon recovery after a big earnings miss yesterday that amazon may have other troubles. they are facing a boycott of nearly 500 musical artist calling on the retail giant to cut ties with immigration and customs enforcement known as ice saying an open letter, we will not allow amazon to exploit your creativity to promote its brand while it enables attacks on immigrants communities of color, workers and local economies. we call on all artist who believe in basic right in human dignity to join us. should the company react to the boycott by the small group of artist customer. >> i don't think so. but sadly they will. this is making amazon choose between musicians to bring in a lot of business and ice law enforcement, why is amazon not allowed to do business with them. the musicians are in favor of open borders, i cannot think of any other reason customer. >> i think they should be glad amazon does it hire illegal immigrants. i'm surprised they're not outraged about the wall street journal a couple of days ago about how amazon uses factories and bigelow -- and walmart won't

remedy this the 3 week meeting of bishops will consider allowing married men in the amazon to become priests in a working document it suggested this should quote be studied for older people prefer be indigenous respected and accepted by their community even if they have an existing and stable family. if everything continues as it was if we spend our days content that this is the way things have always been done then the gift vanishes and smothered by the ashes of fear and concern for defending the status quo. would be controversial go catholic priests are required to be celibate so they can be fully devoted to the church and traditionalists fear the move could pave the way for getting rid of the celibacy requirement altogether. the iconic cabaret in paris has marked as 100 and 38th anniversary with you guessed it. when air can can show. the cabarets heikki can dancers perform in front of the moon a building that has hosted some major entertainers from france and abroad over the decades including shall us of will and ella fitzgerald. and there be more kicking though not so high in the

that's amazon. it collects information from every little business, and then amazon does something else. it runs the platform, gets all the information, and then goes into competition with those little businesses. look, you get to be the umpire in the baseball game, or you get to have a team, but you don't get to do both at the same time. we need to enforce our antitrust laws, break up these giant companies that are dominating, big tech, big pharma, big oil, all of them. >> thank you, senator warren. mr. steyer, your response? >> look, i agree with senator warren that, in fact, monopolies have to be dealt with. they either have to be broken up or regulated, and that's part of it. but we have to understand that mr. trump is going to be running on the economy. he's going to be saying he's the person who can make it grow. i started a business from scratch, one room, no employers, and built a multi-billion dollar international business. we're going to have to show the american people that we don't just k

we have had this great gathering in rome in recent days of people from the amazon, the synod of the amazon where they are talking about the issues that affect the people of the amazon basin. one of those things is the environment — pope francis is very passionate about the state of god's creation and the impact of climate change, but the people of the amazon lived great distances from priests. they need priests and there was a consultation before this gathering of bishops from the amazon to ask people what they wanted and they said, we need more priests, therefore, we need married men to be priests. so this has been put on the agenda. it is interesting because pope francis is listening to what they are saying, he's asking the bishops to discuss it and those bishops seem to be indicating that they think it is a good thing as well. the vatican loves bumf, it loves reports and paperwork so there has been a report before this synod coming out of the people of the amazon, the bishops from the amazon will then produce a report, pope francis will read it and then he will produce something and i

and the lack of priests in a remote catholic communities in the amazon forces the church to rethink its celibacy builds voice support finally getting rid of celibacy if a priest wants to be chased following but it should be voluntary not obligatory we need to want the most seeing a priest in the region who says it's time for the church to change. plus the last one it's called in the dispute australia's most famous truck ahead of the new climbing band is sacred to indigenous aboriginal australians and live longer opposed to people who plan to get. out and welcome i'm attaching a good to have you with us how know will the european union's latest drugs extension be that's what the big. government and the opposition parties in the u.k. are waiting to anxiously find out prime minister boris johnson wants only a short extension until mid november he thinks that and will put pressure on parliament to pass a bet's a deal which he's reached with the e.u. leaders last week johnson wants to get his deal through and then hold early elections in december. the e.u. steve bracks if they do see it init

unhappy holidays for amazon. shares of the online retail giant giant slump as it expect so we can forecast a christmas sales. find start your day, why you could soon be going to work in one of these air taxis. good morning asia, hello world. yes it is a friday, almost the weekend. i'm rico hizon for asia business report. what's start with amazon because the stock price fell in extended us trading. the slide comes as the company forecast revenue and profits for the christmas holiday quarter to be below expectations. amazon is facing fierce competition and rising cost from its plan to speed up delivery time globally. the latest from new york. amazon's push to push prime nomadic subscribers has... they send ten boeing dars and posting of the past three months. an extra spending means past three months. an extra spending m ea ns lower past three months. an extra spending means lower profits. compared to last year, amazon's quarterly profits have dropped 25% and that has caused shares to fall after martek —— after

there are also issues about amazon web services. still growing amazingly well, but softer than people thought. people see competition from microsoft and google. perhaps a few more clouds on the horizon. matt: it does also see my people likedon't remember -- seem people just don't member. let's talk about intel. why is that such a surprise? intel worked at the hard end of the cloud market. there has been a lot of capacity in the market. people are starting to order server chips. they have surprised people in terms of how the volumes have held up. their are selling more expensive versions of the chips. people have been worried about the kind of china trade issues. they seem to be punching through that. generally, the momentum and the impact of the trade war just does not seem to be affecting intel the way they are affecting competitors. anna: and turning topline into bottom line. it looks like twitter is having some monetization's so what is going on there -- monetization issues must so what is going on there? had to pullcally back on

we begin with amazon. as you can see, missing on earnings, down 4%, little less than in the premarket. amazon right now down 76 points at $1704. >>> let's take a look at visa. people spending more on credit cards but the stock just down slightly, down 1% at $174.21. let's take a look at intel. they had a good report, higher profits and raising its full year outlook and the market likes it. intel up 5% at $54.88. >>> taking a look at juniper networks, another chip maker reporting higher profits. been good for the chip makers. that stock also up nearly 6% at $25.95. take a look at verizon, adding more wireless subscribers, but not doing a whole lot for the stock right now. down about 1.5% at $59.73. >>> take a look at budweiser parent ab inbev, down on falling beer demand. craft beers and hard seltzers taking over, apparently, getting hit hard in the market early on. dmou down more than 8% at $84 even. >>> who is with us today on this friday as we look forward to the weekend? david dietze, susan li, deirdre

delivery to your door, eliminating the $15 a month charge for amazon whole foods delivery and amazon fresh. the orders will arrive in as little as two hours, though for free delivery, there is a minimum, and you must be a prime member that's about $10 a month membership from target averages $8.25 a month where delivery is free for orders over $35 at walmart, the average monthly fee is similar for just over $8, delivery is also free. more than half of americans have tried online grocery delivery this year, up nearly 20% from last year. some of the most popular items flying off the shelves, diapers, detergent, coffee pods, ice cream, and carbonated drinks but online delivery may mean bad news for big grocery chains. what does this mean for your traditional grocery store that's just a grocery store >> if there is a very specific brand you want, amazon can get it for you, and you aren't going to be able to get that at your average local grocery chain. >> reporter: online ordering with in-store or curbside pickup is also surging in popularity, as companies try to bring down the cost of co

i've been an admirer of amazon for 20 years. maria: but stay on this tech space for a second because you look at a bag to, you look at a facebook -- google, you look at a facebook, these companies are more powerful than they ever have been, that's why you see washington saying we might want to break them up. >> well, i don't believe breaking them up makes any sense. what i do think if they have to have -- there has to be sensible regulation. when these companies get to the size that they are, then, in fact, like any monopoly, they much sensible regulation. so for google, we spend -- at expedia we spend 3.5 billion, we probably spend 2.7, we spend 3.5 billion in marketing -- maria: yeah, they want your advertising, but they also want your customers. >> we spend multiple billions of dollars, and that's fine. we spend the money, they give us customers. what we don't like is then them competing with us in our own business. so we think that's kind of wrong. maria: do you have a thought on china and what's going on between the u.s. an

amazon results were outstanding. i think it took a little bit of a night for people to sit on it and say maybe things are not that bad and they are seeing the evidence of their growth. >> of course, the stock is way off the lows. maybe it took cramer putting sense in people this morning saying this is a gift, a gift you don't get that often. >> it's amazing how amazon acted after this quarter. i think that is -- >> regulatory. thanks. >> i think to your point about semi conductors, it actually is not that surprising that the market is rallies on the rally in intel. if you think about the best leading indicator in the economy, it's not energy but really the semi conductors. so the fact that we're seeing better cloud spend and all this secular trends that make semi conductor content the best leading indicator, i think that's why it is probably the top focus for the market today. >> i don't agree, and i'll tell you why. because texas instruments had a terrible quarter and the market didn't focus on semis that day. >> wh

amazon announced today that its amazon fresh delivery is

that would include joe biden. >>> new scrutiny of products sold on amazon that we see the amazon endorsement. amazon puts this choice badge on products that are highly rated and well priced. but those items typically sell three times better than the competition. but the fight for shoppers is so fierce some companies pay for positive reviews to get the badge. the customers are frustrated that the badge doesn't always help customers. >> i was actually surprised when i started digging a little deeper. the prize of the amazon choice item was actually double the cost of the item that i ended up purchasing. >> amazon said they had invested significant resources to protect the quality of reviews and it takes action against bad actors. it's a reminder to consumers to think twice if something seems too good to be true. >>> aawaiian family is now officially in the guinness book of world records for growing the largest avocado ever. >> they got the certificate this week for their 5.6-pound avocado. or is it a watermelon? [ laughter ] it came from a 10-year-old tree. it was planted and they pretty much

plus, amazon's big bet. did the e-commerce giant's $800 million investment into one day delivery pay off in the latest earnings report? details, ahead. and twitter misses third-quarter revenue estimates. we find out why new user growth did not translate into ad sales. facebook dominated the week in tech with ceo mark zuckerberg defending his social network before u.s. congress on wednesday. what was scheduled as a hearing on the cryptocurrency libra also included issues like antitrust and privacy. >> is it a currency? are you a bank? what is this association? >> it is a very complex project. and as you say, it is risky. >> do you consider libra to be money? >> i consider libra to be a payment system. >> so it's like me having my money in wells fargo bank. >> you could think about it that way. although, the we are not a bank, we are not applying for a bank charter. >> but that is the problem. that is the problem. that's what we're facing here. >> we are not going to launch the libra payment system here or any

amazon, the stock of the day. it's going to be down after reporting its first profit decline in more than two years. but that's because the company spent a ton of money to ramp up its one-day delivery option. that's a sign that amazon is trying to keep up with strong consumer demand. here's another sign of robust consumer demand. visa says people spending more on their credit cards. now, the stock going to be relatively flat, though, when the market opens. just down a little bit. overall, we're looking at a down market. the dow is going to

amazon is known for a while in terms of the behemoth coming into retail. costco, walmart, target are doing a very good job. the grocery store is continuing to evolve. they have prepared foods a store within a store a sushi restaurant or pizza guy or sometimes a brew house. albertson just reported very strong numbers >> you were talking in the last hour about that american dream place next to met life stadium i hear that they are going to charge $30 for parking there >> what? >> what do you think of this place? it is an enclosed mall but it's an amusement park. >> it heavily weighted towards entertainment. they are going to be drawing from a wide trade area i probably would tag them as more of a tourist destination versus a convenience oriented destination. we'll have to see how it does. obviously it's been in the works for a very long time and a number of different iterations i'm hopeful for them because we need some retail winds today >> certainly do not just yours again, thank you for joining us. great to have you here talking through some place where br

i've been an admirer of amazon for 20 years. maria: but stay on this tech space for a second because you look at a bag to, you look at a facebook -- google, you look at a facebook, these companies are more powerful than they ever have been, that's why you see washington saying we might want to break them up. >> well, i don't believe breaking them up makes any sense. what i do think if they have to have -- there has to be sensible regulation. when these companies get to the size that they are, then, in fact, like any monopoly, they much sensible regulation. so for google, we spend -- at expedia we spend 3.5 billion, we probably spend 2.7, we spend 3.5 billion in marketing -- maria: yeah, they want your advertising, but they also want your customers. >> we spend multiple billions of dollars, and that's fine. we spend the money, they give us customers. what we don't like is then them competing with us in our own business. so we think that's kind of wrong. maria: do you have a thought on china and what's going on between the u.s. an

of exploiting the amazon basin. translation: may god preserve us from the greed of new forms of colonialism. the fire set by interests that destroy, like the fire that recently devastated amazonia, is not the fire of the gospel. the environment is the main focus of this three—week meeting of bishops and laypeople from the amazon region but tucked away in the preparatory document is a potentially explosive idea, that to remedy the serious shortage of priests in the amazon, the church could ordain married men. that would break with centuries of tradition, whereby only celibate men could be raised to the priesthood. the suggestion has aroused serious opposition within the vatican, with some clerics worried that a solution to a latin american problem could be exported across the catholic world. cardinal raymond burke, who has become a focus of opposition to the pope within the vatican, has already denounced some of the synod discussion as heretical. but church leaders in brazil are adamant that the problem is real. 0n

amazon didn't do that. those kind of things play into the public opinion and also play into stock valuations and how money managers look at the companies. >> mostly because it is going to come from washington, that the more you hear stories like this, if the country moves materially to the left in the next election, then there will be more and more talk about regulating these companies and maybe even breaking them up. charles: the commerce business roundtable, the chamber of commerce, all sort of moving towards this stake holder comes first kind of thing. >> right, which is healthy, but in reality they have to deliver the profits. if you don't deliver the profits and the profit growth, nothing else is important. but the best companies will reward all stake holders. i think what's going to happen now, if the country moves to the left, you will start having people analyze these companies on a break-up basis so we can really try to unlock these other businesses that are hidden in there. charles: it sounds like

they were chosen over amazon. amazon may be fighting back. what is the story? ashley: maybe. the president is outspoken publicly about the dislike of "the washington post." jeff bezos owns "the washington post" and amazon. was there something going on behind the scenes that gave the contract to microsoft? we could see an appeal on two fronts from amazon. one, they could act for immediate stay by the government accountability office, audits government spending. go down that road, go to court, file a complaint with the u.s. court of federal claims. we don't know if amazon is going to do this. certainly those are two avenues they could take. they were the odds on favorite to win the contract all jedi contract. so questions are being asked. stuart: got more on this story. ladies and gentlemen, we're waiting for dennis muilenburg to make his opening remarks. we'll go to the hearing at that time. now i want to concentrate on this, a new book, it is called, "holding the line." it claims that president trump told secretary mattis, defense secretary mattis, to quote, screw amazon out

biometric data from the new system that will be moved to the amazon cloud. this already hosted for the cia and the department of defense and nasa and amazon can already record video and audio via doorbells the alexa device and the nest home security system and everybody is happy about the new arrangement. terrible move to transfer anything like this to amazon cloud are you kidding me d.h. as an f.b.i. stop this i sure hope d.h. encrypted people's data before putting on to amazon servers hackers could easily search or steal data we've got the thoughts of the us libertarian presidential candidate as well as the views of a digital specialist. i can look at the system and say is this really geared towards things like terrorism or is this really just geared towards imprisoning lower classes for minor crimes like drug use these types of technologies have historically been used to micromanage non-crimes and basically profiting private prisons and police unions they've been used in my command these non-crimes instead of doing anything to keep americans actually safe

so the amazon river and the amazon mouth is here the amazon reef presence was 1st revealed. years ago off the coast of brazil here with the 1st greenpeace expedition in the area and a 2nd when this expedition in the area last year identified the reef presence also into fresh rianna watchers we head off to find it no one has dived the seas before this expedition almost immediately were accompanied at the bow by a school of dolphins just joining for the ride these waters are brimming full of life. so in a device they call the fish is launched and scans the sea bed it images anxiously observed on deck we scanning the bottom of the ocean between 81 and one in 20 meter to find you there is a rock star reef this expedition is not alone with an interest in what lies below now 500 kilometers in that direction lies the mount of the amazon and the brazilian waters where it's estimated up to 14000000000 barrels of oil lies and companies like b.p. and the brazilian government for that matter they want to get at it and the fear is that should there be an oil spill the great outpouring of