amazon is up 2.5%. oft has exacerbated some these gains because it looks like we weren't doing much of anything throughout the day. that is the story of this earnings season so far because if you look at the average move of any stock, it is completely flat. stocks arehink that doing nothing after earnings. but you look at the breakdown, the likes of amazon and ford and exxon intel mobil. it is two sides to the story. a $1ine: so close to trillion market cap. >> this is not just about individual stocks. you want to see something more broad-based. i want to bring in the head of institutional equity strategy. thisaw the gdp print morning. what is your read on that with regards to how the market responded to it and how they should have responded? what is calledat real final sales to domestic purchases, it was not that strong. i was listening to the show earlier. it was inventories and some of the government spending that helped drive the beat. i think what is going to happen is -- i heard the comment earlie

back to amazon. first-quarter earnings are out and the tech giant reported profit of more than seven dollars a share, handily beating estimates. amazon says it is still reaping the benefits of investments made in 2016 and 2017. the big question now is -- are investors more excited about record-breaking profit or will they be more worried about more hiring and spending coming later this year? thank you both for joining us. first to you, a busy day in the tech sector, but for amazon, the stock is up 2% on this beat. some concerns about next quarter. what do you make of the results? >> the last four quarters, there is a trend, in line revenue, massive beat on profit. advertising margin contribution continues to be strong. aws growth continues to be strong, so what we are seeing in the concern building about spending is they are moving from prime two-day shipping to offer more one-day shipping to secure the market share longer-term and that is where the incremental spending is going to come from apart fr

why can't amazon be your bank, your online credit card, doctor? amazon can be whatever it wants. next time you think about buying a stock you need to ask yourself a question, add this to your homework checklist, could amazon come in and destroy the company's margins? if so, lower your expectations some thought bezos was driven to distraction but he's more driven than ever and nothing can stand in the way of this company's wrath. let's go to wesley in texas. >> caller: jim, thanks for taking my call in light of everything that's been going on with boeing, would now be a good time to consider lockheed martin with a good dvd, i belie -- dividend, 3%. >> i like lockheed martin but people feel that this stock can't come back because the democrats won the house so i'm not going to recommend it to you. randy in california. >> booyah, jim, and much gratitude from long beach. i'm looking at the whole buildout and your guidance on sysco, looking for something a little more risky and looking at nok, nokia do you think it's bottomed and do you think this is a good place to enter for a subset

and a new bloomberg scoop, be careful what you tell your amazon alexa device, because thousands of amazon workers might be listening. but first, big tech companies have increasingly come under scrutiny from american lawmakers. from calls to make sure that they secure user data to antitrust laws on their business models, it seems some sort of legislation is coming. senators have introduced a bipartisan bill to stop what they say is manipulative designs or dark patterns that are featured on websites with over 100 million active users. virginia senator mark warner wrote that for years, social media platforms have relied on tricks and tools to get users to hand over personal data without really understanding what they are consenting to. he joins us from capitol hill now. senator warner, thank you very much for joining us. what do you hope will be brought into force with your bill? sen. warner: well, this is the first of a series of bills i'll be introducing to try to put some ground rules around social media. this bill is focused on something that, for many users, may just appear to be a nuis

if you look at the financial success of amazon, the stock, i own 16% of amazon. it is worth roughly $1 trillion. that means what we have built over 20 years, we have built $840 billion of wealth for other people. and that is great. that is how it should be. in theve so powerfully ability of entrepreneurial capitalism and free markets to solve so many of the world's problems. not all of them, but so many of them. david: you live in washington state in seattle, or outside of seattle. the man who was the richest man for 20 years is named bill gates and what is the likelihood that the two richest men in the world live not only in the same country, same state, same city, but same neighborhood. is there something in that neighborhood we should know about? are there any more houses for sale? jeff: after i saw bill not too long ago. you know, we were joking about the world's richest man thing and i basically said you are welcome. he immediately turned to me and said thank you. of seattle.rb i don't think there is anything special in the water. i did locate amazon in seat

we have seen amazon just go red, scott. your perspective on amazon and how they are managing business and made what some feel is a regulatory pushback? scott: i think the expectation qualitatively was total dominance, and results came in line with expectations. this is a company that now accounts for one in two dollars in the most valuable channel in the world, u.s. e-commerce. a share leader, the fastest, most profitable sector in technology, the cloud. and by the way, they are the fastest growing media company, over $1 billion at amazon midea group. i would argue we have never seen a company firing on this many cylinders in modern business history. it is a juggernaut. romaine: i want to point out that we are looking at their investments, talking about a boost in investment in data centers. on the capital side, almost $11 billion. $10 billion in the previous quarter. just a couple quarters ago, it was only $3 billion. joe: obviously amazon faces a lot of theoretical greg little regrets. we don't know if anything will -- th

amazon will have to invent new products. they have to come up with video ads to compete with facebook. they have to watch out for competition. walmart. the same 10% stat on amazon is 1.5% on walmart. i think that advertising business is one that amazon has the pay a lot of attention to. emily: we have talked about how amazon is behind google and facebook, but could be catching up in terms of the digital ad business. are you optimistic? brad: there is a big opportunity there, but it has never been quite in amazon's dna to put a video ad on the site or banner ad. finding ways to insert ads into search and product listing pages. i think the opportunity is there. the biggest challenge is whether they really want to do that, because they are famously a customer centric company. customers do not want to see an ad. you can rationalize it leads to a better search product, but it could be a distraction and worse user experience. amazon maybe have to sacrifice some of their values. emily: i wonder how long it will take for other retai

roughly 10% online and amazon has a third of that market. i think clearly they're makhag the bet over the next foreseeable future with moving to one-day shipping y can gain more share in the offline market. >> in rponse to the shipping goal, target offers numerous ways to shop same day and hours purchases within at many stores, target shoppers can picn up store with drive-up and order puckup. taet shipsame day and there that.99 annual fee for walmart has online order pickup options and declined to comment in reaction tthe amazon news. >> the buy online and pick up in store model is still incredibly effecte for the bricknd mortar guys and for amazon to mach a bigxpansion into brick and mortar they'll need to go faster. >> the most ideal scenario is to have both, a strong store strategy and efficient online operations, traditional retailers like walmart and target have spent billions to improve digitald operations speed up shipping while amazon has been building its physical store>> fleet. i think they woke up to that ality around two years ag

amazon shares up higher. let's get to deidre bossa. >> amazon higher in the after hours despite calls falling short at the call. brian mentioned that amazon will be spending a lot and part of that is on one-day shipping and investors reacting well to that. have a listen. >> turning into q2, illike to te tell you why that's lower and we are improving the prime two-day shipping program to a free one-day shipping program and we are able to do this because we spent 20-plus years of expanding the fulfillment network and this is still a big investment and a lot of work to do ahead of us. for q2 guidance we've included approximately $800 million of incremental spend related to this investment. >> it seems that investors are willing to stomach slower growth and higher spending because profits are rising and amazon by spending will continue to take more market. >> deidre, thank you let's get back to gene munster gene, you had a bold prediction before the conference call kicked off we are getting more spending and the

remember, amazon, you cannot underestimate the power of amazon in the advertising space. romaine: talk to me a little bit about this other revenue, the hardware, the cloud business. how much impact is that having on the company and how much of a growth story is it going to be going forward? tom: it is a great asset for them to have particularly in an area like cloud. amazon is the upstart in advertising. google is more of the upstart when it comes to cloud computing and finding customers. what google needs to do if it wants to compete with amazon and microsoft, amazon in particular, is go to the retailers, go to the consumer goods. the companies that they can say, look, you don't want to go to amazon for the cloud because they are your competitor. they are eating your lunch when it comes to retail, when it comes to consumer. that is when google can make a hard sell and say, we are an alternative to amazon. i wanted -- in a minute, i'm going to delve into some of the ads in the cloud. but certainly cloud is part of that other revenue area that is driving sales. also, remem

one of those fang names will be there, amazon. our reporters will tell you the key metrics to watch from that name as well as inl,te starbucks, ford, t-mobile and mattel put our workflows in the cloud? how about our jobs? [ mimics explosion ] [ mimics explosion ] our jobs. [ mimics explosion ] servicenow. works for you. wake up! there's a lot that needs to get done today. small things. big things. too hard to do alone things. day after day, you need to get it all done. and here to listen and help you through it all is bank of america. with the expertise and know-how you need to reach that blissful state of done-ness. so let's get after it. ♪ everything is all right what would you like the power to do?® ♪ all right ♪ don't get mad, put your money to work with e*trade's easy-to-use investing tools. mno kidding.rd. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, wi

it is interesting to hear this from amazon. is this a defensive play, do they want to increase the loyalty of prime members or are they worried they're losing some shoppers >> sure. >> shares of intel are also lower, dragging down the dow, this after cuttingfo foreca forecasts. ceo bob swan said the company is taking a more cautious view of the year on the quarterly conference call. he joins us now on the phone mr. swan, nice to have you thank you for joining us >> good morning, david nice to be with you. >> i'd love to start on china, since it did seem to play an important role in your lowered guidance for the year. can you give us specifics in terms of what you're seeing there? i know you highlighted as a growth headwind, not only cloud but enterprise and communications service providers. is it your sense this weakness in china will continue for some time >> david, the china market is a significant market for us and has been a big source of growth forev for us over time if you look at last year, the demand for china was signi

the other big amazon news, that kohl's will soon accept all your amazon returns. we're talking all 1100 plus stores. a retail analyst joins us, retail analyst extraordinaire. you were the first person years ago talked about the omni channel approach that every retailer will have to take. so funny because brick-and-mortar had to chase amazon. to a degree amazon is chasing brick-and-mortar. they need the physical footprints. how big of a deal is this? >> this is a big deal. amazon has been doing this for a while, it is called click and collect. they have been trying to expand the word, omni channel i don't love it, but basically they want to make sure their customer can be able to use amazon on all platforms. this is one way that they can get that customer to go in and be able to obtain their packages. you order on line. and let's say a kohl's is closer to your house versus you waiting for two days for that package to get to your house. you drive over to kohl's, pick it up, you're done. charles: the return thing is even as exciting. they will accept these items with

for a long time, amazon was criticised for not making money. the big that that they made was putting money back, you can argue it's paid off for some of the biggest companies in the world. through the interesting is how it's diversified source of income. amazon is number three behind google and facebook in advertising revenue. it's also owning the space and web services and there's the whole retail side of it. it's got other ventures as well. it started to focus on profit and you notice that rating margins are better, they produced losses, this is a company thatis produced losses, this is a company that is extremely well—run and the question is going to be, what they do in the next quarter? do they take some money back and reinvested? and it looks like there might be a ring vesting it. —— might be reinvested. how tragic it one day delivery gci’oss how tragic it one day delivery across the world. that is going to cost a lot of money. there are going to cost a lot of money and is going to cost a lot of money and is going to be an environm

with amazon. >> all right >> why amazon? >> i mean, personally, every day, i feel like i'm getting two or three amazon boxes. i can imagine what other people are doing. >> amazon's also reportedly eyeing a partnership with sinclair to bid for the regional sports network that disney is selling. e-commerce giant getting lots of love on the street all 45 analysts rate the company a buy. one of them, senior research analyst with piper jaffray just boosted his price target to $22.25 mike, welcome. >> good afternoon. >> why do you boost the price target with all the money they're going to have to spend on this one-day rollout? >> yeah, you know, it was a good quarter. they had a solid top line, the operating income beat significantly. really, actually the only knock on the quarter was next quarter looking at the guidance for operating income they guided below consensus but the last four quarters, they've beaten their guidance by an average of 71% over the last four quarters. it's probably the case that operating income guidance is

he's right about amazon as well. listen, amazon has changed the world and changed the ball game, especially in the cloud space. but i will go back to microsoft. this is the biggest comeback story of all time. liz: amen. agreed. okay. so i just want to check it one more time. market cap for microsoft, $993 billion. not quite at $1 trillion yet. good to see all of you. sarge, larry, phil, next time. >>> a special gift from the easter bunny to one stock in particular. with the closing bell ringing in 48 minutes and the dow down about 104 points, hershey's hitting a record high today after beating first quarter numbers. the maker of kisses and reese's peanut butter cups saying easter candy shipments boosted sales by 1.4% thanks to a longer holiday season. ticker symbol hsy, it's up 4% now. >>> up next, they turn trash into treasure. waste management expanding right alongside the economy and james fish is the ceo of the company, known for those bright green trucks. he's here for a first on fox business interview to dish t

you mention amazon that is important. you go back to that amazon quarter. in the after markets before amazon started talking about one day delivery, that stock was headed lower traded below $1900 briefly it appears as though it wanted to go down until they mention one day shipping so i would submit you're not seeing anything much different between what sort of amazon saying and google saying now i think both stocks got ahead of themselves jeff bezos warned us it break is coming. >> i think all the breakout with numbers, i don't think you'll see the breakout to the point that we're going to be excited you'll see revenue streams apple is pulling back on numbers. the trend is not to give more numbers or not to give precise numbers. it's to give macro the macro is still bullish. >> okay, let's talk to gene. can we do that >> sure. >> you brought in dom. >> now we have a mike on him, right, d day >> i have a mike on. >> we'll be with you >> anyway, johnny. let's bring in luke venture, founder and fast money friend gene munser. you had time to thichlt ynk you pro

. >> amazon challenge. ceo jeff bezos calls on his rivals toraise woray and the biggest retailer of them all strikes>> back. surprising winner, as fast-growing start-ups go blic, there's one company that appears to be coming out on top. >>> target big business. a trillion dollar tax proposal is taking aim at some of the biggestompaniesn ie nation. those stories and much more tonight on "nightly business report" for thursday, april 11th. >> good evening, everyone, and welcome. we begin tonight with the world's richestan amazon's ceo jeff bezos and the dare that he lay down to rival retailers. in his annual letter to shareholders, bezos challenged amazon's competitors to top its $15 an hour minimum wage saying that they' coun boeing, will benefit if retailers compete on pay. his invitation stands in stark contrast to his usual shareholder letters t have historically outlined amazon's long-term strategy, but as what solomon reports, that wasn't tht cas year. >> amazon's jeff bezos did not hold back. today i ch

amazons alexa is listening to our private conversations. good evening. >> we learned today, when alexa activates teams of amazon employees start listening. we have the explanation from amazon. >> reporter: alexa, are you listening to us? >> i only listen after you say a week word. >> reporter: it turns out she may not be the only one listening. a report says amazon listeners and contractors listen to voice recordings captured by this smart speaker and some of what they hear is not just you talking to alexa. >> with alexa what we have is amazon workers who are hearing snippets of conversations. there were a number of concerns that came up, one was that some of these recordings happen not when you say hey alexa or whatever the week word is for your smart speaker. >> reporter: amazon says only a fraction's of the conversations worldwide are monitored by thousands of amazon employees across the globe do listen and. amazon claims the goal is to improve the ai software helping alexa understand different languages or accents. >> what did the baske

how is amazon doing in that sector? >> one of the things we think deeply about is the transition to clouded. the high is getting so large there is plenty of room for other competitors like microsoft. amazon is clearly the winner, they have done a great job with the company's, and they are bringing innovation. amanda: do you expect this to be a winning quarter for amazon and its investors? >> we do. we think it will be a strong quarter from a profitability perspective and will see the growth begin to accelerate. shery: thank you so much for that. plenty more to come on bloomberg markets. live from toronto and new york, this is bloomberg. ♪ ♪ mark: i'm mark crumpton with bloomberg's first word news. watchdog agency has cleared axing defense secretary patrick shanahan of wrongdoing in connection with claims he used his official position to help his former employer boeing. an ethics watchdog accused him of making statements regarding boeing and disparaging competitors such as lockheed martin. he's been more than 30 year

is safer than buying from someone who sells on amazon >> yeah. definitely you know, those instances where amazon is actually, you know, providing the good when it's putting its brand name on there, that's a very large corporation with a lot at stake. when you're dealing with the third-party sellers you will run into potential problems. >> whether it's etsy or ebay oy ways to research the sellers other than looking at site reviews? >> yeah. a quick google search is often going to tell you a lot. at the very least, if you're thinking this might just be like a small vendor i've never heard of there will probably be some other digital footprint there. if this is a shop in colorado springs you will be able to find its website. someone trafficking in chinese counterfeit goods, the odds are they are not going to have anything else on-line or at least other fake things to indicate who they are. >> if you get an item you think is a fake, what do you do? >> you can't always -- you can contact the seller and the authorities. >> disputing it with your credit

most of the goods sold on amazon comes from third-party vendors with amazon acting as the muddleman. but some are selling big. and amazon is under pressure to crack down. you've been so helpless. >> reporter: she knew something was wrong when her service dog, riley became severely ill after taking the pet supplement she orders from amazon. then she got a letter saying they may not be the same. the comp an, nutramax says the counterfeit were a threat to pet's safety and well being. >> we've continued to make progress butted the number's not zeer eo. >> reporter: amazon's vice president of customer support says they caught 3 billion suspicious listings before buyers saw them but can't say how many made it on to the site. are you aubl to say how many you discovered over a year period? >> i don't think i have that data point. >> people claim amazon is responsible for facilitating the s theresponsibilityit product. lie? >> how d w preve counterfeit from getting in our store? we' weal make sure the customer is made whole and on average, 95% of the time we investigate that and take action w

they are not robots representatives of amazon workers from around the world to forge a coordinated strategy to improve when you know what warehouse working conditions for today i will have that story and a lot more in just about one minute i think i'm going to go thanks for watching. we're not here to judge but to eliminate prejudices. we're not here to change your opinion. but to open some space for different points of view we're not here to speak on behalf of anybody but to let everybody speak for themselves. not here to give the right answers but to ask the right questions. we're not here to indoctrinate but to listen. plus ninety connect to an unbiased agenda subscribe now on you tube. an apology if not quite the acceptance of responsibility that's what boeing shareholders heard from the big boss in their first meeting following two recent profits but is that enough. also on the show amazon workers of the world unite demanding same day delivery of better working conditions. and japan's emperor steps down marking the end of an ear off for the world's third largest economy. welcome to the

we did have amazon amazon was well received until not so well received, and we also have equities being down four points. the big thing that everyone wants to watch out for today, though, in the u.s. is that gdp currency first quarter gdp will be announced at 1:30 p.m. london time economists are expecting a 2.1% figure >>> russia's largest retailer x-5 is posted stronger than expected first quarter earnings amid higher sales and continued expansion. net income also grew 65% during the period. >> just for numbers here, just on those figures, just the kind of numbers that retailers in europe would die for if you look at the $8 billion market cap, they put the business on an enterprise value of more like $10 billion and still sees up side in the share price from here. with a 2019 price earnings multiple of something like 13. there are a lot of good things to be said about x-5 at this stage. let's find out a few more. we had a b.a.t. high at the beginning of the year. is that making russians reluctant to the current spending carousel and some of your other supermarkets? >> overall we still

this, as amazon becomes a bigger threat. google is spending heavily to fight hate and misinformation on youtube and facing the prospect of more information from lawmakers both in the u.s. and abroad as big and companies -- big tech companies in general are allowing their companies to be weaponized by extremists. i want to bring you highlights from a conversation with the alphabet cfo. first to talk about the intersection of tech and politics i would like to welcome senator marsha blackburn from tennessee. you have taken an interest in tech legislation and i am curious of your broadview. what is tech getting right and wrong? sen. blackburn: what they are getting right is they provide an service people enjoy. and they have changed the way we conduct a lot of our transactional life. many people will say that is for the better. at theirwhen you look lack of privacy enforcement, and may i, emily, people are beginning to figure out, oh, they are data mining me, they are tracking, they are following, they are sending my information

let's get ready for earnings from amazon. melissa: stocks extending the day mixed ahead of earnings report from amazon, intel and ford. the dow ending the day down 132 points, dragged down by 3m after an earnings miss. nasdaq fighting to close at a new record high, if it does it would be the 97th record close for the index under president trump. the s&p 500 also fighting to end in record territory. i'm melissa francis. connell: i'm connell mcshane. very fun stuff. another busy edition of here "after the bell" with those amazon earnings expected to come out any second now. so as always we've got you covered on all the market movers that will impact the trade at the open tomorrow. melissa: so as we await those results microsoft nearing the one trillion dollar mark for market value. it beat yesterday. let's bring in the market panel, kevin kelly, erin gibbs, s&p advisory services portfolio manager, boy that is a mouthful. erin, let me start with you. erin sikes. so what do you think right now, of this market, how earnings are pe

could that be big for amazon down the track? >> the potential is there, but the health care benefit they have may not necessarily -- may not necessarily be something they see the benefit of and the next few months. tocks typically tend discount what will be going on six months out and if we are starting to look here to a new spending cycle at amazon, certainly it is serving to temper investors' broader enthusiasm. more broadly, obviously, some of the concerns we see elsewhere in the tech sector from names like intel where revenue will be down year-over-year, certainly causes again broader concern for on thers, that coming heels of what we have seen earlier today out of the industrial company 3m, who cited weakness in china, electronics, and automotive is being responsible or their year-over-year revenue climb. >> am glad you mentioned intel because that was kind of interesting, the caution on the coming half, considering amazon has done quite well. why the week sentiment? certainly, you have to look at data centers, very much in

amazon... ..and on. another record quarter of profits for the online retail giant as it reveals it makes $1 billion a month. live from london, that's our top story on friday 26 april. profits at amazon may have more than doubled since last year. but are its days of massive growth coming to an end? plus selling the new silk road. china pushes its trillion dollar infrastructure plan at a summit in beijing, amid growing concern from the us and its allies. here's how the trading day has got off to a start in europe. everyone waiting for an update on economic growth in the united states later. we'll be diving into that and more in the next half hour. and we'll be getting the inside track on the big stories of the week with our economics correspondent andrew walker, including trade talks between asian economies and the us today we want to know... the actor daniel craig says james bond, the famously un—pc ‘70s male hero will be played, he says, with "an eye on" changing attitudes to gender politics. do you

an amazon reports a hugejump in reve nu es amazon reports a hugejump in revenues but analysts give the company a cold response. good morning, asia. hello, world. it's almost the weekend, glad you can join us. i am rico hizon. it's being billed as the project of a century. the initiative to revive ancient trading links between asia and europe. and build new ones around the world. china's president xi jinping is hosting world leaders at the beltland forum in beijing. he is hoping to highlight his flagship project and defended from growing international criticism. let's go to john side worth, china correspondence. there is a lot of criticism that these belt and road projects are receiving. that's right. this really is a mammoth initiative, in vision and scope and scale and spending, involving dozens of countries, tens of billions of dollars of funding, and for china, the aim is simple, to foster development and increase global and regional prosperity. but as you say, there is a lot of criticism. from those who say this is a way of exporting chinese overcapacity and doubt. it's a way of sa

amazon coming out later this week. facebook, as we mentioned, beating estimates on revenue and user growth. of course, bracing for a potentially $3 billion to $5 billion legal bill. tesla missing estimates. we're continuing to listen to both calls happening right now. stay tuned to bloomberg television for more on earnings. that does it for this edition of our show. we are live streaming on twitter, as always. you can check us out @technology. follow our breaking news @ticktok on twitter. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $100

they're comparing notes on working conditions in amazon's logistics centers around the globe. south america is a new market for amazon and workers there want to learn from others with more experience in gaining better conditions. it's very important for like you know everybody here in europe absolutely but it's also very important for their workers in south america because this is like an unknown territory for us and the sun is just getting into a lot of america our employees complain of low salaries and they are demanding collective bargaining agreements or at least a more formal dialogue with management they hope their cross border solidarity will make amazon more open to negotiations. well for one thing we've learned that we're not alone we've learned that we're facing some of the same challenges everywhere in the world you have fifteen countries in the room today and we all have the same experience as amazon expands its operations to more and more countries union leaders are now taking steps to help workers everywhere speak with one voice. if the u.s. has its way a ring an

well i think it's both actually amazon and jeff bezos i mean they are going to take over the world amazon did it initially with the prime subscription their entire goal here is getting customers into that customer base into the ecosystem and amazon has proven that people who are prime members spend far more on amazon dot com than people who aren't you know so now what they're doing is they're taking their base and they're pushing them into a whole foods lowering the price is targeting millennial and their huge subscriber list and i think it's going to be great for amazon and for whole foods it's an interesting concept i don't know if you if you have the if you're a prime member if you have the prime absolutely for it do you ok so i know i'm a prime member and i order everything on amazon and now i definitely want to start going to whole foods now that it's cheaper well right and so i've been an amazon prime member for a while and i've gone the whole foods and the tell you when you get to the register you know to use your your little app specifically for whole foods and get your discounts

só'ñó ♪ amazon silly -- amazon takes the lead. another day of record u.s. earnings. economists expect u.s. gdp to come back, but disagree on how much. lower revenues to come as deutsche bank figures out what it is going to do next. welcome to "bloomberg daybreak" on this friday, april 26. david westin, here with carol massar. alix steel is off today. lots of stuff going on. carol: let's talk about earnings. , a penny better than what wall street was forecasting. first quarter sales a little bit stronger as well. key,ompany, and this is still seeing mid single-digit decline in eps for the year

been racing to boost their minimum wages as well currently amazon and costco both pay their workers a minimum wage of fifteen dollars an hour target currently sits at thirteen dollars an hour but is said to boost pay to fifteen an hour by the end of two thousand and twenty bringing up the rear is wal-mart whose current minimum wage is only eleven dollars an hour with very low unemployment numbers employers are now more pressed to attract and to keep workers at their companies here to help us sort through the retail rumble is danielle shea director of options at simpler trading danielle good to see you. thank you yes well so let's jump straight into this new wage war take a look first of all let's talk about wal-mart although their minimum wage still sits at the bottom of the totem pole and pretty remarkably behind everyone else they are making some investments to lure people from online shopping most notably amazon their biggest competitor their remodelling their brick and mortar stores according to the financial times the company is investing tons of money into their remodels inclu

amazon they make you feel. you know i personally haven't tried it yet but what i think it is i think it's the long game and i think the more and more that they can publicize it they're cutting prices even further i think that in the long run should help members feel that it's a huge benefit and it should actually push them to the store well not such good news for walgreens will shift gears again because that company misfortune as they've now lowered forecast for the rest of twenty nineteen in the c.e.o. called q one of this year because of the most difficult quarter since acquiring that european drugstore chain alliance boots back in twenty fourteen we have a chart there that shows the drop off that looks like a diving board how does walgreens improve performance moving forward if this is the case. so look at walgreens in the performance there i mean a lot of this was caused by the margins on their generic drugs and i would also say that they need to work on pushing additional products and partnerships one of t

amazon it is in the green after reporting a huge beat on profits, announcing one-day shipping for its prime members there's a lot of consternation about what amazon would say about spending it did say that it is going to spend and the market is taking this well, sarat >> well, it's the classic amazon, right? the more money they spend, the better the stock does so if they ever say we're actually not going to be focused on earnings i think you get a rerating of the stock but what you have is this knockoff effect of other companies. we saw that last year with xpo logistics, double digit customer so i think market's giving them credit like it has for the last few years and basically what they're saying is this one day is going to bring in more business than you had and it's not going to be a zero sum game. it's actually going to be much better to amazon >> the check for the prime customers will go higher in cheer, the turn will be lower in theory and this really -- it ups the ante when it comes to the retail game, the online retail >> i own amazon. they have data showing what the impact w

and turning now to the retail sector amazon's jeff bezos. as fired get another shot in the ever growing wage wars by calling out his competitors to raise their wages he says in an annual letter to shareholders seemingly excitedly claim this quote today i challenge our top retail competitors you know who you are to match our employee benefits and our fifteen dollar minimum wage do it better yet go to sixteen dollars and throw the gauntlet back at us it's a kind of competition that will benefit everyone. following amazon's decision to raise their minimum wage to fifteen dollars an hour other retailers have been racing to boost their minimum wages as well currently amazon and costco both pay their workers a minimum wage of fifteen dollars an hour target currently sits at thirteen dollars an hour but is said to boost pay to fifteen an hour by the end of two thousand and twenty bringing up the rear is wal-mart whose current minimum wage is only eleven dollars an hour with very low unemployment numbers employers are now more pressed to attract and

why amazon has thousands of workers tuning in. that is next. this is bloomberg. ♪ amanda: this is "bloomberg markets." i'm amanda lang in toronto. shery: i'm shery ahn in new york. it is time for the bloomberg business flash. southbank is increasing its been on the future of insurance. japanese firm leading a $300 million round of funding in new york. the company uses artificial intelligence to speed up the claims process for renters and homeowners. bloomberg has learned a new round of funding values lemonade at two one $1 billion. netflix planning to publish its first magazine. chances are you won't be on this discussion list. online tvs largest network will use the magazine to promote its programs and stars ahead of this year's emmy awards. it will be distributed in june when industry professionals vote on emmy nominations. netflix has spent hundreds of millions facing hollywood awards. that is your business flash update. amanda: be careful what you tell your alexa because thousands of amazon workers might be listening. it is not a joke any

amazon coming out later this week. facebook, as we mentioned, beating estimates on revenue and user growth. of course, bracing for a potentially $3 billion to $5 billion legal bill. tesla missing estimates. we're continuing to listen to both calls happening right now. stay tuned to bloomberg television for more on earnings. that does it for this edition of our show. we are live streaming on twitter, as always. you can check us out @ technology. this is bloomberg. ♪ >> welcome to "daybreak: australia." i'm paul allen in sydney. shery: i'm shery on. ahn.e: -- i'm shery sophie: and i'm sophie kamaruddin. paul: the top stories we are covering in the next hour. wall street closes lower. the dollar extends its rally to a four-month high. tesla swings wildly in late trade after a mixed bag of results. new losses.

one guy, you know, amazon is howitzer, kroger has sharp knives amazon decided -- their collateral damage against walmart. and you can't beat them. and they haven't even done well with whole foods it is still expensive f ye ivex. if you look at kroger, flat line from when they came in. >> is it your suspicion they aim tomake it is a more whole food grocer >> i think they have a lot of firepower. if they come in under, they sense that walmart, they got this guy mark laurie, he's one of the most competitive people i have ever met. he's an amazonian in the bowels of walmart mark laurie is -- he's in the fight club >> yesterday, in retail, by the way, courtney reagan will talk to mcmillan tomorrow. >> he's such a sweet guy he's done great. >> he has. >> underrated. speaks too softly. i've been trying to get him to be more pumped up. he just won't go there that's my advice, come on, man come on! get some mojo! get the juju going he won't do it. >> stocks retreating a bit we're up 11 points on the dow. stock trading with jim is next we are accountable to our clients everyday. we have the freedo

we got amazon after the bell. they blew past the expectations but they warned of a slowdown in the second quarter. let's take a closer look at amazon's numbers. the challenges that lie ahead. fox news contributor gary b. smith is here. gary, what did you make of their first quarter profit, it doubled, but they warned about spending money to up their prime service. what do you make of it? >> yeah, i tell you what, amazon is phenomenal. let's stipulate that. it's made a lot of money for everyone. it will continue to be a great stock as they continue to build these moats as i call them around their company, preventing the competition. like the one day shipping -- two day was enough of a problem for other p companies to compete. one day will be more of a concern. however, they're going to have to spend a lot of money for that and as they said, their revenues are forecasted to slow down a little bit. i'm worried if that's the economy. throw that on top of the -- what i see as trouble that they've had with whole foods.

target has stayedelatively quiet since amazon's announcement. it, too, could be closer to one-day shipping. with the 35,000 restockings programlready doing it out of 60 metro areas for$2.95 and the shipped program offering same day delivery for 9 fee. the ultimate winner of the war will be the consumer. for "nightly busin i'm court any ragan. >> burger king's whopper isn't enough to help the parents with thein ea. the test of a plant-based burger went well and hopes to sell it nationwide by the end of the year but the parent be company restaurant brands had weaker than expected earnings as sales from the tim horton chain fell. today the stock was down nearly 1.5% to $65.50. >>>d spotify pos better than exekt ped growth with 33% ow . the company hit a milestone with 100 million subscribers paying its premium service. shares were down a fraction to 148.14. costco also plans a share buy back of up tobi $4 ion. today shares were up a fraction to $244.28. >>> amazon is starting to post new job openings and lease new office space at its hq2 in virgini

but very quickly you know amazon has become people like to say amazon is taking over the world right that's what it feels like is that the new about thirty seconds here the new business model for a lot of these mega companies is to diversify as much as possible. i think by definition we're all competitive so whoever you are you're looking at the person who is a little bit above you and you want to be them apple was the king apple was the king and now amazon's the king of us what the number one company in the world is nobody is saying apple they're saying amazon so with apple who are you going to look to they're going to look to amazon and even though i want to scribe them as competitors the model of expansion taking over other areas is clearly a blueprint they're taking from amazon and you know with all the money they have in reserve there's nothing that's going to stop them from being successful and with the bond sale today saudi aramco would argue it's the biggest in the world at a measure the c.e.o. of adam is trading group thanks so much for being with me. thank you. well that is