amazon, we have to be wise, to share this prosperity. how we'll do this? integrate our economies. build more infrastructure, more roads, more contacts. we can benefit from that, and they can benefit from our development. >> hinojosa: okay. but at the same time, you're talking about brazil now geopolitically. it's not just its relationship in terms of latin america. but you're also talking about brazil making relationships now with the bric, which is the brazil russia india china coalition. you have brazil having lots of conversations with iran. you have brazil having conversations with chavez in venezuela. so, you know, where do you see brazil as a geopolitical character? >> i think it's a work in progress. brazil... i don't... i would not characterize brazil as a superpower. i would characterize china as a potential superpower. the only superpower is still the united states. now, brazil is an emerging power, is an important global player. there are issues of interest to the world. go talk about agriculture. you cannot have a reasonable conversation about agriculture without talking to

of time talking about cloud so far at the conference and amazon is putting so much pressure on everyone, especially hardware makers like yourself. given that, how much growth do you really see for hpe in the long-term given how much pressure amazon is putting on the entire industry? whitman: i think this is a 1% to 2% to 3% growth rate category overall, but there are real pockets of growth. as i said, compose of infrastructure. change is the name of the game for infrastructure as we think about private cloud. not everyone wants to put all their applications into a public cloud. some want a private cloud. that is a growth area for us. we had a really interesting conversation with dropbox who is a company born in the cloud, who is moving back into the data center into a very advanced infrastructure that is designed for their application in their data center because as they got so big and it began to cost more , they needed more control, so they have done the opposite. they have moved from a public cloud back into a hybrid cloud in a moret, traditional way, their own ability to do

endorsed hillary clinton? amazon raising the stakes, is it -- we will discuss what it means for local competition. and fiat's tech of section after -- obsession, partnering with google to build a fleet of self driving minivans. the company talks with uber about a driverless car partnership. hewlett-packard enterprise is holding its annual discovery conference, the first since its split into two separate companies. withnnounced a partnership ge with the companies will work together on the internet of things. we caught up with ceo meg whitman and asked about everything from tech m&a to donald trump and if whitman herself will ever go back into politics. we began on just how the company is faring, post-split. take a listen. whitman: i have to say the split has been fabulous. in this day and age when technology is moving at lightning speed, frankly i think it is imperative to go smaller so we can go faster. it actually has been easier as separate companies then it was as one big company. i know that hp ink and we have enterprise we have all been pleased with the split and how it has

. back to you. >> hot and getting hotter. we're ready. thank you, rob. >>> up next, her amazon account closed and blocked from opening another one. why one woman says amazon blind sided here. a look at this year's winner of the ugliest dog competition, and i don't think there's such a thing, but this little lady took the top prize. >>> back out to breaking news in livermore for a live picture of the fires. there were three different fires that converged on the side of westbound 580, the lanes reopened here. at the exit, you can see where the firefighters are cleaning up on top of the grass fire that three converged burning about a hundred acres. back here now to more nbc bay area responds series. one woman asked if amazon could ban her for life. the company told her they closed her prime account without any warning. our consumer investigator explains, yes, amazon can do that. >> i was shocked. i said, what do you mean i'm banned from amazon? how is that possible? >> reporter: too many returns, that's how. jenn says amazon blind sided her with this e-mail that reads, we have clo

" tomorrow on cnbc. >>> good morning, 8:00 a.m. in amazon headquarters, and it is 11:00 on "squawk alley" and we are live. ♪ ♪ i will tell you a story are about the joker and the thief in the night ♪ >>> good morning. i'm carl quintanilla, and jon fortt is off today and kayla tausche is with us as well as mark santoli. and big news with prime minister modi about to address a joint session of congress. and our own seema mody is with us. >> paul ryan is introducing everybody in attendance, and we have not seen the prime minister take the stage yet, but we will bring you the highlights, and once they come. it is going to be prime minister making the case of why the companies in the u.s. should do business in india, and india is a better place to do business than other emerging markets. this is a momentous time for the country, because it is currently the fastest growing momentous market in the world, but it is not the biggest, and china is. and india knows and prime m minister modi knows that in order to reach the target, it needs the help of u.s. corporations as discussed at the u.s.-indi

amazon. we go inside one company moving 20,000 packages a way, adjusting their prices by the hour. >>> and finally same of sexism. he's back in the dead and has a lot to say. john snow feeling the sting of sexism. but first, the "nightline" five. >> if your family outing is magical for all the wrong reasons, you may be muddling through allergies. try zyrtec. it's different than claire tin. it starts working faster on the first day you try it. muddle no more. >> constipated? try dulcolax. try suppositories for relief in minutes and stool softeners. >> number one in just 60 seconds. ♪ amsleep number beds with you with sleepiq technology give you the knowledge to adjust for the best sleep ever. it's the semi-annual sale! save $500 on the memorial day special edition mattress with sleepiq technology. know better sleep. only at a sleep number store. >>> good evening. thanks for joining us. tonight, one mommy blogger revealing the truth behind the glossy image of perfection we saw on her social media. the polishes smiles, yummy meals she says were often bought and paid for my advertis

future at amazon, the retail stores, donald trump. yeah. plus a new month in the markets after that may rally. stocks as you saw starting in the red. and a deal this morning, not that large a deal but an interesting one, salesforce buying a software company $2.8 billion total price tag, had a lot of cash. marc benioff going to join jim right here this morning. i will at least get to say hello to the bearded master, i'm hoping. let's get to carl in california at the code conference where jeff bezos was making some news, carl. >> you got that right, david. we love the code conference, quality conversation is fantastic. bezos did not disappoint. talked about amazon's business model, talked about why he's so committed to taking industry to outer space, talked about the promise of india, talked about artificial intelligence. here's a little taste of what bezos said basically regarding the four pillars around which he is now building the company. >> i think of them as little seeds we've planted. and we'll see will they turn into big trees? >> that's a good example. >> and amazon studios.

, drones on grocery, and testing delivery systems? >> yes, amazon is very good at the distribution systems, but it is a standard development for walmart and it is going to help if they can get it right. and the other side is competing with amazon on the last mile. this is where the commerce is going, and huge companies around silicon valley at the realtime economy, and walmart is a great company, but they are at a big disadvantage to amazon. this is what amazon does, and it is orange nized around the digital and not a side business, and walmart has the advantage of the real ate estate in a lot of locations to have the pickup sener ters, but the idea of somebody shopping for you is tremendously expensive and very different from the walmart model. if they started to get real volume in the store, they would have to hire a ton of people to shop, and then delivery charge. it is not the core business they are in, and as both of the companies move toward this amazon has the big advantage. >> and we should say that bezos is an investor in business insider. >> and i own amazon, and not beca

like daughter there. we wish them the best. >>> up next, banned from amazon. how it happened to a woman and how nbc bay area responds got her account back. stay with us. license plate readers will soon be watching drivers in danville. ==vo== gave the cameras a greent night light. soon be watching drivers in danville. town council members last night gave the cameras a green light. more than $800,000 will go towards installing 36 fixed and 18 portable devices. the cameras will be spread throughout the town, including the all wars memorial which has been vandalized several times. >>> would you wait in line for an hour for a doughnut? what if it was a dunkin donut? the famed chain opened up its first bay area store in decades. check out the crowds here. this is the walnut creek location at newell avenue just off i-680. the grand opening started at 5:00 in the morning. people were not swayed by that. they waited in line for an hour for their famous coffee and doughnuts. some people like the coffee better than the doughnuts. put me on that list. many bay area customers swung by there. t

amazon is holding its second annual prime day on july 12th. >> reporter: that is right, so amazon says it will slash prices on 100,000 items, which makes it the biggest sales day ever. last year amazon sold more items on prime day then black friday and spark a wave of new sign of prime service. >> good for amazon and good for us, right. >> are you a member of the amazon prime? >> reporter: not only am i not a member of the amazon prime i have never ordered anything from amazon. >> i ordered a book yesterday but i'm not a member of prime. i will go on there once a year. i'm not a big amazon person. >> reporter: it is funny, jim, because i'm getting to know you better and i was thinking you were going to say something that you don't use amazon and i was going to say in this case i'm's with you. i'm not a big on line shopper. >> i ordered a book yesterday as a gift for a friend, we will see. >> jill, he is not on amazon, he ordered a book. >> i'm thinking brooke, you are. >> of course. >> see you in the next hour. >> well, coming up after the break we will get another check of weather and

acronym for facebook, amazon, netflix, and google. now, alphabet. there's a simple reason for that. growth. they've got it. others don't. no matter what. and that's why f.a.n.g. led the charge today. when we look back at what this moment is about, when we search for the ultimate brexit-related worry, it's a recession. the slowdown and uncertainty that this vote triggered turned out to be broader than the united kingdom. not able to separate one country's economy from another at least when it comes to stocks. everything's impacted whether or not it makes sense because stocks trade in baskets, the s&p futures as well as the myriad of etfs out there and the baskets have no rationality to speak of. the same way that a terrorist attack like in istanbul this evening could have ramifications. cnbc will have a special report coming up right after the show. some stocks can get up on their own two feet a lot faster than other after any kind of selloff. so-called supergrowth names. people love and seek them out u for the superior bounceback capabilities. let's review why these stocks have such stayin

most isn't in san francisco, but seattle based amazon. whether it's with the endless disruption in retail and what it means to try to keep up or the connected car and how the echo combines with ford to get your garage door open, and while it warms up to cook your roast, amazon is worshipped, feared and worshipped. you ignore amazon at your own peril. only the paranoid survive against them as andy grove described so eloquently in his book about technological change. a great read. how does this play out in the real world out here? let's take macy's. 150-year-old retailer. today we learned that the merchant will be stepping down next year as ceo. while there was charter about lundgren being nudged or it being sped up, what really matters is the statement that the 64-year-old released. i quote, now is the time to reset our business model. our company must and will change in response to the profound secular changes that are driving consumer spending, end quote. this is a remarkable acknowledgment from lundgren. why? because he's been trying to reset the business model for years now to c

made a very tags decision. they partnered one amazon. people in certain xharkts access the products and you can get them delivered free of charge to your door with amazon prime. but the ceo of sprouts said he's been pleasantly surprised by the partnership and would like the deepen his company's relationship with amazon by spinning into additional markets. right now you can orderston to order from sprouts in three cities. l.a., steg and san jose. and san diego. i've been thinking about this. i say in retail, partnering up with amazon is like making a dwoo he will the devil. this puts sprouts into direct competition with amazon itself which is a place no one ever wants to be. amazon has their own line of products, generally at lower price points. in many parts of the country, amazon customers can lower it with an app. when you log on to your account, you can see the same things being sold by various retailers. while you have products from sprouts on your computer, you can also directly compare the items of similar items. some are unique to sprouts but others are similar. and you never

amazon. this deal is all about the customer. sales force, $2.8 billion for it. far more than anyone expected because the ceo wanted to prevent any other pursuers. sales force might be getting some big business within an extremely short time since the deal was announced. therefore it seems like a worthwhile acquisition. no wonder the sales force only dropped. people recognized that sales force wants to own and help that customer. demand ware is crucial because the customers are all trying to compete against the one company that understands the consumer better than anyone. which you know which company that is. amazon. many of the demand ware companies use amazon web serve is also part of the sales force for fulfillment. they don't want to cede any more than that. if they get in bed with amazon, they lose the ability to mark up merchandise. that's the cost of doing business with the ecommerce and tights high a cost to pay. what if you don't even try on keep one amazon and its customer pampering? i think that's another huge theme. we know for instance the sports authority that now defun

stocks that worked last year -- we're talking about facebook and google and amazon -- you're a value investor, but you owned a lot of these stocks, and you continue to own them. what's the thesis besides them working, why do you own them? >> yeah. we don't own -- of course, we want them to work, but i think we really want to own great businesses. we're very cog cognizant of val, but to us, value is the present value of future cash flow properly discounted. you don't want to pay too much for that, but none of these companies, not even amazon if you look at it in terms of its free cash flow multiple, are expensive. and conversely, they're really super businesses. if i were to look at google and facebook, for example -- and they are important investments -- to me, they're the two most important media companies in the world. there are a lot of other great media businesses, including fox. but both of these companies, essentially, operate throughout the entire world excluding china. so they can leverage their asset base, their database, their software, their skills and, in fact, bene

. >> walks through the recent court cases this is a mosaic distribution case said amazon and apple where is the authors guild? >> that is the broad question so i will start with electronic distribution we are neutral of what format or how they publish the media we wanted to be written and read so the formats it doesn't really matter it is how they want to read but the media has caused some obstruction of how authors get paid and this is a huge issue for us right now where they making less money now? there is a number of different causes and one of them is that amazon pushed down the price of the electronic book that $9.99 that has had the effect to devalue the books so before that was the threshold now it means less money for the publisher and that one budget line where that is somewhat negotiable is now zero not so the author loses out so there is toehold that movement is something is online issue before free so one issue was piracy and in recent years an increasing amount of books with them were to be made available by rio criminal copywriting ventures trying to make their money

mark barton. amazon jumping into one of the world east competitive grocery markets. amazon fresh foods delivery service will be available in central and eastern times. joining a very crowded market. it's the first time the service is being offered outside the u.s. why would anyone want to join this cut throat grocery market? >> lot of people are asking that question. for amazon this is about trying to draw more people into amazon prime. i spoke to them yesterday they were -- if they can fix it here, why not anywhere else. >> after a little while, those members would have to pay extra, about $10 to enjoy delivery within four hours. how does this stack up against competitors? >> pricing model is different. amazon need the prime membership for a start. the fresh delivery pass. that gets you free grocery deliveries if they've over 40 pounds. if they're less you have to pay another four pounds. it prices up the groceries. they pitched their offering just below the cheapest player currently in the market. it does deliveries if they've over 40 pounds. if they're less you have to pay another f

look at how much of a threat amazon's idea of its only delivery network poses to the shipping giant. we begin with our market minute. the band is back together once again. the dow beating more than a hundred points. this is the s&p 500 best day since may 25. if you break it down by sector you have 9-10 major groups higher. the exception is utilities. you only have utilities and staples doing not as well. industrials and energy are leading the advance. w.t.i. gained more than 2% on the day. >> we've definitely come off the highs of the day. at one point the s&p over 2100. still up on the day but not quite where we were earlier on. >> we definitely saw the yen start to rally at the end of the day, too. overall the rally did wind up starting in asia, the nikkei, hang seng were up. it spread over to europe. the ftse actually had its biggest rally since february. it did spread here to the u.s. check out the vix. it measures fear in the market. this is a five-day chart. look what happened there. one point near 23 last wednesday and then now back down to 17. to show the wild ride we're see

got nothing to do with central banks. later, for all the talk of amazon's success, one outperforming the giant this year. the retail's surprising story, perhaps the next great trade. but first we start off with the lottest on the ground in london ahead of tomorrow's key vote. wilfred is live there for us now. >> reporter: just past 10:00 p.m. local time. big ben has just struck the tenth ring at the top of the hour. the latest financial times poll puts leave just ahead. the resulting poll of polls is 44 go to 43 stay. that has a small effect on the betting market. which we know still favors remain. we've tightened the odds such that 80% remain down to 74% as we stand this evening. what's ahead in the next 24 hours here in the london and the rest of the united kingdom. of course, the polls open at 7:00 a.m. local time tomorrow morning. 2:00 a.m. eastern time. they close at 5:00 p.m. eastern time. we'll start to get the first regions reporting results, estimates of these times at around 7:30 p.m. eastern. and then all of the results should be through with an outright announcement of th

driver. details of that ride. >>> then amazon ships fast but does it deliver fastçó enough t keep its promises. i'm consumer investigator we'll show you policy that could save you some money. delivery takes three days? .or four? or maybe even seven days? jess/2shot >>> what happens when two-day delivery takes three days or four or maybe seven days. >> these the question axd san je man asked and chris responded. his answer. >> fair question. 54 million of us pay $99 a year for amazon prime membership. it includes two-day delivery. well, it's supposed to. >> yeah, i pay attention to details. >> he's hung up on his new phone, because getting it from amazon in two days took almost seven. >> i notice thunk when they occur. >> todd order freddie amazon tuesday night and documented every step. he chose prime, expect it friday. >> when it didn't arrive friday i called saturday morning. >> reporter: todd said amazon delayed his two-day odum tuesday, almost a week after the order. somehow the package tracker read on time. >> they represented it was going to be delivered in two days, confirmed i

regulators suing american companies like google, amazon, saying european citizens, i'm quoting, may soon enjoy better protection than u.s. customers. jason what do you make of these comments? >> you know he, gosh, i could go on and on. listen, really difficult to process the logic behind all of it. it is really coming from a person that maybe is well-intentioned but is completely outside the realm of business. call it idealist. call it what you will. i don't think something that works. you have companies like apple and google driven by very smart people. their goal is to make profit. their goal to provide services for the world. then somebody says you know what? you created this massive, amazing thing, now you can't do what you need to do with it. you have to change it because the government thinks you're too good. the government thinks they're too good. david: dominic, we know what european regulators are like, i shouldn't say all, most of them are from the left. motion are socialist. some even further left than that they make these arbitrary regulations. that is why the brits got

could go in the environment of maybe fang stocks, the so-called stocks of facebook, amazon, netflix, et cetera, are coming back into favor or not. >> well, that's a good point. i wrestle with that all the time. it's basically thought to be a risk on stock. this is a high multiple stock. it trades at a valuation that i think at times is not for the faint of heart. for that reason, i think when you have risk on days like today, actually netflix seems to trade better on a beta adjusted basis, so to speak. on the other hand, you may say well, it's unsafe or a risky stock. i wouldn't put it that way, because there's such a dearth of companies with real growth ahead of them. this is one that really has true revenue growth and we worry a little here and there about churn or the pace of subadditions but in reality, the price-value relationship is very attractive. >>> it's walmart and a chinese online retailer called jd.com. i will note right now they are halted for trading for news pending, it has been halted for about five minutes or so. you may recall that earlier today, dow jones put out

authorities are threatening legal action against amazon. servicet has offered a with deliveries in the french capital within an hour of ordering, but it is meeting resistance from authorities and local businesses, who fear it will be yet another as was unfair competition. kate moody has the details. kate: electric appliances, furniture, and even food, and your doorstep with the click of a button. express delivery service is up and running in paris. the prices are a bit lower than most supermarkets in france. i don't know any service in paris that can deliver so many products so quickly. ,ate: from its new headquarters amazon prime says it will deliver to most areas of the city within one hour for five euros and $.90. next hour is needed for customers in the southernmost neighborhoods. the service is stirring trouble with french authorities, who said the giant only informed them within days of starting the service. they say that amazon is trying to skirt rules. france needs some kind of regulation like we did for airbnb and uber. we want them to pay the same fees and face the same t

right now. >> a couple of recent court cases if you could go through, amazon, apple, google, where is the authors guild? >> guest: that is a broad question. that may start with where we are with the electronic distribution. we are neutral as to how books are published and in what format we want books want books to be written, read and soul. so therefore matt -- format, but that digital media has caused some friction and how authors get paid. how books to pay for. this is a huge issue for us right now because wire others making less money now, one of them is we see that amazon pushed down the price of e-books to $9.99 cents, they created a standard and in many cases many lower. that is had the effect of causing and devaluing books. now consumers expect that 9099 cents expect that $9.99 is a threshold for what you're going to spend on a book. that means there's less money for the publisher and guess where, the one budget line where they can actually is somewhat negotiable is what they pay the author. so the author ends up losing out. there are also, there the whole information that i

right back on. >> up next, the battle of the tech heavy weights between amazon and google. who will win in the race to become the next $1,000 stock. the traders are taking sides. looking for big returns? we've got a simple strategy that has crushed the market since 1990. we'll tell you what that is. later, it's the famous chart that has all of wall street talking. it could rock the global market. the woman behind that call when "fast money" returns. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. can an established bank move like a start-up? it's a question we get from some of our largest banking clients. the face of their business was tellers. then atm's. today it's their mobile app running on the ibm cloud. across every transaction, the hybrid cloud he

amazon, the compression of margin, and all of the rest of this that keeps these guys from really getting up and running fast. >> and so, pete, we have been hanging on this the notion that ath leisure, and sports leisure is where to be? the apparel across almost all of the retail. and now a note from morgan stanley's jay soul, and it is a 50-pager, aed he put out 50 page, and he says that the u.s. at lettic apparel category is weakening and time to worry about one of the pillars of strength. that is one of the overriding concerns. >> weakening or dying. weakening is a little different sense of what is going on, but if you go through the b of a notice, you can see that what did stand out for me is the fact that in the shoe area, in the footwear, they are losing a little bit for the first time since 2010 that nike is actually losing a little bit of the market share there, and that is slightly concerning, but it makes sense when you look across, because it is a very very competitive market, and we talked about it the other day, and talk about under armour, and talk talked about it again. a s

. google and amazon making headlines at that code conference in california today. find out why jeff bezos of amazon says winning golden globes helps sell more shoes. >>> and sheryl sandberg joins us. stay tuned for that and facebook's ceo. and steve leishman now. on whether the fed is givie ini clues on the next rate hike. >> u.s. is youing modestly. and the --. the beige book did stay tagt labor markets were seen widely. and have seen wages pick up. other sectors show real estate was stronger and looks like manufacturing is doing a little better up at least from recent lows and today's ism manufacturing suggesting the same thing. the beige book said consumer spending increased moderately throughout districts. points toon economy that sounds like it is growing around 2%. but some say it is strong enough for the fed to hike over at jeffries they put out an immediate commentary that said the reports --. not a whole lot of evidence to do. real data tomorrow. the adp delayed because of the holiday tomorrow morning. and jobs and services on friday. overall jobs look of course are 170 as

bay area proud. >>> much more ahead "today in the bay." coming up, her amazon account was closed, she was blocked from opening another. why one bay area woman says amazon sold her down the river. and we have the latest numbers on the race for president. a new nbc news poll shows what registered voters are saying about donald trump versus hillary clinton. take a live look outside......( >>> and welcome to you on this fine sunday morning. this is a live look at san jose as we're going to have blue skies, warm temperatures. good morning, everyone. thanks for joining us. >> it's going to be another warm day. we'll be back into the 90s. remember that s pf. temperature back into the 50s and 60s. 62 in san jose. livermore clocking in at 61 degrees. look at river more later on this afternoon. 91 there. the same deal for gilroy and up to 78 degrees santa cruz and 75 today for san francisco. temperatures will be all over the place. temperatures will go up even more, believe it or not, over the next couple of days. we will talk about the full forecast in about 15 minutes, about 7:45. we'll

amazon announcing a major investment in india. jeff bezos met with prime minister modi last night. we'll hear from him when he addresses congress later this morning. >>> clinton wins enough delegates to become the presumptive democratic nominee. is the battle between her and mr. trump gains momentum. the market seems to be shrugging off this political uncertainty. >>> shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. we'll talk about what's ahead for that company. stocks are looking to maintain their upward momentum a day after the s&p posted highest close since july of last year. oil rising to some eight-month highs. brent hits 52. all of that happening as david said within the politics mix. hillary clinton declaring victory in the race to become the democratic presidential nominee winning four primaries including california where it wasn't nearly as tight, jim, as some suspected it might be. >> yeah, you know, i think that people just want some sort of resolution of who it's going to be an

game starting startup where people can watch games in real-time. now it is a part of amazon. kevin joins me now. great to see you. you started as a game serving -- game service. what is the single most significant way in which your business has changed since being purchased by amazon? >> great to be on. yes, since the acquisition, the biggest thing that has changed -- they very much believe what they are doing, trying to go as quickly as possible. we are able to do that. we are at the point where we are -- watchingillion two hours per day. tell a written -- television viewership in terms of engagement, a lot of chatting and a number of broadcasters going to nearly 2 million per month. we have about 17,000 broadcasters actually earning money, whether they are earning a full living for supplementary income. >> what are the more interesting ways they are using the platform? differently than originally envisioned? >> it was an offshoot of tv, all about the idea of streaming yourself twee 47 for the world, building a community around yourself. advent that develops low latency live strea

popularity with google and amazon's ai platforms. is it too late? joining us now, one of the early backers of siri, and tim tuttle of mind meld with brett taylor. brett, opening siri to developers, is this game changing? >> they opened up messaging, siri. for the first time, i think you will start seeing third-party apps in every part of your ipad experience. people who order ubers with siri probably order through messenger as well. being able to see your app permeate the entire experience of your phone rather than being relegated to the home screen is a meaningful change. it is something android has been doing and competing messaging apps have been doing well. i think your apple phone experience will substantially change. emily: can they maintain the quality? >> i think they will. apple are using this technology for extensions. they launched two versions of ios slowly and deliberately. they have a deliberate approach. that has always been apple's strategy, quality over quantity. quality overspeed. google and others have taken a different approach. apple's approach has worked well

, and amazon is where the future is going, and goldman taking down the numbers today, and all raises the new questions for the investors to consider, and steve weiss, you considered it and shorted apple this morning? >> yes, the second time short this week, and there is a story ta broke from nike saying that it is going from the two-year cycle refresh to threef-year, and that is news that they are running out of technology, and innovation, so, that is why i did that. i went back today, because the analysts typically seem to follow the herd, and not all of them, but some. goldman is cutting the number, and mary meeker who used to be a real, real force in the business on the sell side that is, and she is in private equity or venture, and goldman, and so analysts will now look at their numbers and come out and do the same thing, and cut estimates, and so it is purely a momentum trade from the longer term holding standpoint and going out a year or two, it is a hold, but it is nothing that i am excited about right now. >> and doc, you are on the other side of this? >> yes, i don't believe

. sure. sports authority went you said. but these are just amazon kill. and they don't take that much capacity. we can't expect home depot to merge with lowe's but there are so many smaller chains they should be gobbling up. way too many suppliers fighting for precious aisle space in these stores. have you ever tried counter the restaurant chains? wendy's, burger king, buffalo wild wings, jack in the box, kfc, taco bell, pizza hit, domino's, mcdonald's, you name it. it is ridiculous. judging by these. we know that honey well tried to merge. you know the best thing going? something that we were asked about. that's a good deal. the auto parts company need combine to get more power over the automobile manufacturers for certain. media mergers make so much sense. you think you're getting blocked by stubborn participant. time warner gave them the high. tribune went rogue and it looks like that blew up for no good reason other than ego. the best way to solve the problems? unite with cvs. how about biotech? do you know who came back with a snap back rally? do we really need all of them? those

thrown punches at a man in front of officers! the attack police are now investigating. >> and amazon shot in the arm for the east bay economy. the expansion bringing new jobs and why it is just the beginning. >> we have seen some pretty crazy stuff on bay area freeways but now this. that's a go-kart chase on 880. >> and something we have become very familiar with in the summer in the weather department, fog by the coast, cooler temperatures inland, seems like nothing but good news. we'll have the forecast all the way into the 4th of july as we look live now towards coit tower. all happening after a break. ,, ,,,,,,,,,,,,,, they're trying to build support for new gun control laws. minority leader nancy pelosi joined >>> democratic leaders rallied outside san francisco general this afternoon to get new gun control laws. nancy pelosi joined other democrats to push for what they call is common sense gun bills. they want universal background checks as well as a law that would prevent people on the terrorist "no fly" list from buying firearms. >> the american people have to weigh in. that'

though, amazon, again. all-time high yesterday, it will open around 719 this morning. 720, a couple of bucks from the all-time high. still way up there. how about this? under amour says sports authority's bankruptcy will hurt stock of the that's down at the bell. and check nike, it's going to open lower, it's a dow stock, a couple down, 3, 4% down. you've got to tell me, ashley, why are two sports companies in trouble? >> under amour and nike for that matter are going to be affected by sports authority. the sports authority went into bankruptcy protection in march. under amour hoped they could reorganize and reemerge. when they put the forecast together, it's based on that. now we know that sports authority is going to be liquidated. it's done and therefore, under amour and nike are having to scale back their revenue forecast because they're not going to have this outlet. stuart: look it, that's an interesting point. i want to move on to michael cors. i describe them as democratic luxury, luxury just within reach of the middle class. it's up nicely liz: they have reasonable pricing

dropping its two-year effort. we've got the details on that coming up. >>> meantime, amazon is making a big bet on its echo device called alexa. all the alexas answering out there, people listening in. they're looking to make it a $1 billion business. will increasing competition from apple and google get in its way. that's something we'll look at coming up here. >>> plus, the end of an era. the partnership between american express and costco will officially end on monday. we've got new details on how american express is looking to address the losses. what citigroup and visa are planning next. >>> let's start with the concerns over next week's uk vote whether to leave the european union. will fred front is about to head over to london for coverage of that big event. before you leave, though, will, give us the latest. >> thanks very much. campaigning on both sides of the brexit debate was postponed today following that fatal shooting of labor party, a member of parliament, jo cox yesterday. the date of the vote remains unchanged, thursday next week. jo cox favored remain, and whatever t

. >>> time now 4:51. still ahead, amazon is facing trouble. how much the company could have to pay for violating regulations. >> and what's cool about your school or summer camp? email your nomination to us at coolschools@kpix.com. we may come and feature your school or camp on the show. ,,,,,,,,,,,,,,,, there are about to be a lote *friends at facebook... >>> welcome back. as we go flying around the bay area, checking some numbers, temperatures are definitely below average for this time of year. 70 is your high in palo alto. 69 in fremont. and 73 for folks in san jose. we are not even reaching 80 in some of our hottest spots. brentwood, antioch, only reaching into the low to mid- 70s. around the bay cooler still. mid-60s sausalito. 70s kentfield. berkeley 66. clearlake 74. saint helena 77. >>> quick look at the bay bridge, you can see traffic is backed up in the cash lanes. but still moving okay in some spots as you head out of oakland into san francisco. no roadwork on the bay bridge. you are also clear on 101 and 280 heading into san francisco. >>> there are about to be a lot mo

? chamath: i think what is happening, the short answer is no. companies like amazon and facebook who are now moving conversation to the primary metrics that they report are going to take the band-aid off and force every company to do the same thing. so the post that i wrote was about making sure onto printers and ceos and the investor classes, who are not intelligent , recognize this is a huge issue and what creates a viable public company. now companies like facebook will force-feed you, and you see companies like linkedin will compensate, the ceos and founders will have to internalize had why pay employees fairly, but how do i report them in a transparent, obvious way everybody? emily: what does it mean for m&a? think the reality is if you tell an entrepreneur, your goals ultimately, when you take the bravado of impact has driven away, you make more money than you spend, many have a quizzical look on their faces. those with a quizzical look and don't really understand the economics, profitability, a sustainable company that spends less than it makes, you will have to sell. so going

deal like all the executives like amazon. in the last couple of quarters they've been very subpar. remember his age, born in 52, this is not unusual for anyone in retail to be stepping down. not minimizing how bad the last year was but just pointing out, come on, nobody works in ceo over retail forever. >> no, certainly not one that has -- i mean, this has been a very difficult period. but again, it is important to note he will remain as executive chairman. so it not as though he's going away. i don't know mr. gennette. do you, jim? >> no, i don't. the cfo is the person you want to care the most about. she's been the rock of gibraltar through a very, very difficult time. macy's i remember delivering alpha, david. when you talk to people in retail about what the starboard guys wanted to do, there are chop ter chapter 11 talks these days. people would have said this would be a replay of what happened in the 80s. the cash flow for macy's right now not a problem covering the dividend. the trend in the last -- it sound weird to say this -- 180 days in terms of online have been so accel

] >> chris: it's time for amazon wish list: donald trump. if today seemed a little oranger than usual, that's because it was the birthday of evil james spader character, donald trump. yes, the donald turned 70 today, though his hair only turned 6. but what do you get for the man who had everything, lost everything, got everything again, lost everything again, and is now close to becoming leader of the free world? [laughing] >> chris: i didn't do it. you just check amazon! comedians, give me as many items that you might find on donald trump's amazon wish list as you can. i'm putting 60 seconds on the clock, begin. >> father daughter porn. chris: points. grace. >> child leash for bianca. hris: grace. >> reluctant handjob from chris christie. >> chris: points. mamrie. >> a soda stream. it doesn't affect anything. it's just a great product. >> chris: great gift. mamrie. >> the hulk hands painted orange to hide his tiny hands. >> chris: matteo. >> the rosie o'donnell box set. >> the hug from his father he never got, that's why we're in this place. >> chris: that's the end of amazon w

amazon, news this morning, investing $3 billion in india. barron's says amazon could be the biggest company in america by 2020. what's this all about? >> meaning it's half full. exxonmobil. really, what it's about is growth. what we're talking about is e-commerce. it's only about 12% of u.s. retail is set to possibly triple by 2020. and basically, amazon could dominate half of that. that means the growth potential is enormous for amazon right now, according to barron's. >> growth, growth, growth, where the stock goes up. a report in the washington time says illegal immigrants are kidnapping children to sneak into the u.s. as family units. what's that about? >> according to the obama administration, this kind of goes back to a federal judge last year that said families captured running across the borders should be released immediately, or quickly. so, in other words, at the time the administration officials said don't do that because you could end up with kids being kidnapped because people getting across the border want to appear as a family unit, knowing if they are captured, this'

clinton thick headed hillary 37. >>> come up on the show, amazon says 1,000 employees working to develop artificial intelligence, but they've only scratched the surface. find out bezos sees the feature of the company. taus. >>> shares of under armour fell after hours. boeing has secured a defense contract with the united states according to the pentagon.. the agreement asks providing tail kits to improve gps to accuracy accuracy for bonds. shares are down 12% in the last 12 months. >>> goldman sachs has responded to shareholder concerns about the division. speaking at an investor summit, gary cohen said the unit's average return on equity should not be cared to the lenders average overall. he blamed the low growth and low rating environment for the slide in profit. tuesday were a lower close, nasdaq cloeding the month up 376%, the s&p 1.5% and the dow clung on to gains finishing up 0.1% posting its fourth positive month in a row for the first time since 2014.. if you got all that, then you're smarter than me. if you're joining us now live from los angeles is jimmy. great to have