On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subcommittee on antitrust holding its second hearing on Online Platforms and market power this is focused on innovation and entrepreneurship this is part of a bipartisan investigation into digital monopolies we will hear from executives from apple, facebook, google, amazon, all scheduled to attend the hearings which will also include a panel of antitrust experts including some that favor breaking up the companies. Another topic will be the ftcs expected 5 billion fine agains facebook for privacy violations. Other major hearings on the hill this morning all about facebook and its planned libra Digital Currency we heard from Steven Mnuchin yesterday, he shared his concern over the digital coin. The Treasury Department has expressed very serious concerns that libra could be misused by money launderers and terrorist financiers we will not allow Digital AssetService Providers to operate in the shadows and will not tolerate the use of the cryptocurrencies in support of illicit activities later in the show, we have the majority leader on, and he wrote an interesting piece he said if you can view your mail we cant imagine someone opening and tampering with mail, knowing everything that is going on with your mail. Would you allow that if it was stamps were free all of us would say, uh, no. Charge me whatever it is 39 cents . I dont know it doesnt say anymore that would be a big no so how is this different its a bit different, but we all sort of got in this position maybe not willingly and completely knowingly about how much of our privacy certainly not thinking it through. And what concerns me as a parent is watching your kids give away so much privacy, have so much of their life posted online and knowing they have to live with that through job interviews and if in return like the Postal Service could say, i see youre going over to europe heres a couple of hotels we think might be nice. This is a great restaurant over there. Does that make it okay no. And the other concerns about what happens in terms of illicit uses is valid. If you talk to Law Enforcement officers they will tell you every single ransom or crypto now youre into crypto. Every demand comes in for ransom being paid in bitcoin. Leader mccarthy talks about blockchain being an answer to this where will we get the power . If everything is blockchain, its so power hungry me theres two issues, separate issues. The bitcoin or libra thing is an interesting issue and separate from bitcoin i dont think the rest of america shares your concerns because they havent thought about it or because they have nothing interesting going on in their lives . Im not sure. We talk about it on tv all the time you can read about it. Lawmakers are making an issue of it, yet it hasnt changed the behavior of people by the way, people accept television in large part because in many places its free with advertising or they pay for cable and take away thats a completely different thing. I understand, but people have made strange whether you think theyre strange or not, tradeoffs all the time about what theyre getting email is one of those things but privacy, giving away your privacy, you dont know what youve done until youre in a real problem with it the real question is whether you think the real problem has emerged. Its all an erosion the same idea with Insurance Companies that want to track your every move. Right now they offer it as an incentive, you get a lower fee if you get it, but eventually it will happen that you have to pay more because you wont do it you werent here for Contessa Brewer i was thats why ive been mentioning it and zuckerberg, 5 billion thats it . You take a debit card . He might do that himself you mean a libra card thats it hes like laughing we made 4 trillion stealing privacy. 5 billion we can come up with. Its a fair question. I dont know what the answer is. I dont know what youre willing to give away, what youre not. Certainly we werent aware of what we were giving away as it started. Do you know any of these anti trust experts that want to break up i do. They can make a real case for that i dont think its a good case i dont think it answers the problem. Thats in your dna, is it not . Antitrust type stuff it is in my dna sorkin senior its what the sorkin family has talked about at dinner tables my entire life. That explains so much but in this instance its not a solution to me if you think theres a problem whether its with privacy, breaking them up is not the solution i would agree with that. Treasury secretary Steven Mnuchin is throwing cold water on the idea of a looming Government Shutdown. I dont see a Government Shutdown looming again, thats not an issue until the end of september i have no expectation that there will be a golvernment shutdown. His comments come after the latest proposal to raise the debt ceiling before the Summer Congress recess. Pelosi said raising the dell ceiling on its own without a budget compromise is not a solution the dow is down 14 points after closing at a new record yesterday. When we come back, amazons sales holiday and the competition from other retailers. Right now as we head to break, lets look at the biggest premarket winners and losers in the dow. Johnson johnson leading the way. Well get earnings in just a bit. People know aflac. Aflac but not when to use it. Do i use aflac when the kids get slime in the plumbing . No. Thats home owners insurance. Slime in my motorcycle. No. Thats motorcycle insurance. Slime everywhere . Ughhh nooo, theres no insurance for that. Do they help when i have bills Health Insurance doesnt cover . Yeah thats it aflac gross guys. Get help with expenses Health Insurance doesnt cover. Get to know us at aflac. Com hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. It is day two of amazons prime day and other retail giants are looking for a piece of the action. Brian mcmillon yesterday speaking about keeping up with amazon we fell behind and have been playing catch up and have been doing a number of things to accelerate that progress joining us now to talk about amazons holiday is Courtney Reagan were now halfway through that 48hour prime day event amazon said worldwide sellers predominantly small and mediumsized businesses saw the biggest 24hour sales day in amazon history amazon says it has sold millions of alexaenabled devices including the Fire Tv Stick and the echo dot nerd wallet said prices were lower than 2018 prices for those devices. Other deals were instapot, the life straw water filter and crest whitening strips while this is the longest prime day yet, data suggests that this years prime day sales got off to a slower start on amazon. Com than the previous two years. Because it began at 3 00 a. M. Eastern time most folks are sleeping instead of 3 00 p. M. Like last year and 9 00 p. M. In 2017. Price blink says based on page views from the start of prime day, 3 00 a. M. Monday through midnight, at walmart. Com people were interested in the instapot, the google home pad mini and at best buy, the highest page views went to the play station, apple ipad 128 gig and the tcl e75inc 4kt tv. Courtney, thank you did you do your shopping yet i dont need anything. I bought an instapot and never opened it i learned my lesson. I have not learned my lesson. I dont need anything but i couldnt avoid the deals yesterday. For more lets bring in daniel flax from newberger bourbon and michael grant. Daniel, big day for them will it pay off . Will it make a difference on the bottom line . I think whats going on is that if you look at the prime membership, each year amazon makes it more and more valuable. So we now are seeing a shift to oneday shipping there are options to get goods delivered in your car and in your house theres more content so while the day in and of itself we think will drive sales, we see this as a bigger story towards an extension and expansion of the prime offering, which ultimately makes the amazon platform and the ecosystem with alexa going into more and more Third Party Devices become more valuable, which is ultimately whats critical to creating shareholder value. Michael, i was talking to people behind the scenes who have access to data. They said in terms of ad costs, the units sold, media budgets, allocated product units, it was all up twice as much as it was yesterday. They are definitely making this a bigger and bigger deal what do you think in terms of the bottom line and what daniel was talking about with this impact of luring in more prime members . I agree with what daniel said the Financial Impact is modest when you think about the context of an entire he year, the Holiday Season but when you think about, you know, whats going on at amazon, which is growth is slowing as growth slows, its important to make sure your customer lifetime value is as high as can be by really locking in consumers into the prime flywheel and the offering bundle that amazon has, it helps them elongate the relationship they have with each individual household how much money do you think theyre pulling forward into sales today . Or how much of this is additional money being spent i think its a combination. Theres a bit more, as becky was saying, you go online, you see things, theres impulse purchases. Mine was impulse purchases. Apple stuff was 30 plus percent off yesterday that never happen happens. Thats right. But for many people as they see the benefits of the prime membership, this will attract them to join then theyll see over the coming years the prime membership will become more and more valuable. Does it mean they can continue to ram up the price for a prime membership if theyre adding value, i think they can the cost to create content, all of those are rising. If you look at amazons profit margins, they have zone theyre able to balance growing increasing price where appropriate. For many goods they do cut price. Marketplace question. One thing that happens, if youre on their marketplace, you have to lower your price to match amazon in some cases amazon is losing money on products, so you have these other retailers who are quite upset about these. Are they forced to do it or do they have to to compete have to to compete. Its not walmart who is upset about this, but people who are partners of amazon so theres an interesting phenomenon taking place where you have people who are supposed to be in business with amazon and their partners effectively taking losses to help support the prime membership what do you think of that . What do you think that will mean longterm . To me this marketplace issue, youre talking about whats happening in washington today, thats where things get complicated. I think its a balance. In the Retail Industry there are periods around the holidays, around prime day now where there will be some losses. But you do see greater volumes that can ultimately lead to profitability. I would expect retailers and those Third Party Providers to continue to be attracted to amazons mralplatform its a balance between compete and cooperate. If those Third Party Sellers are finding value in being on the plat form, i wou platform, i would expect the growth of those business to continue what does walmart do about this Doug Mcmillon saying were behind walmart will always be behind because amazon has a distribution flywheel happening. Theyre better at delivering things at the whole ecommerce ma part of it walmart saying they can use stores as Distribution Centers theres a difference between an Amazon Distribution Center as opposed to a repail location where consumers are coming through. Its super important that ama n amazons not really brand friendly when you look at the categories they have underperformed in, retail and home, where brand is a little more important, they have not been able to really crack the code there as much as they have with more commodity high Velocity Products thats an important strategic issue for amazon Going Forward. Coming up, dow transmoports have been lagging, but one stock getting a boost on earnings. Well have a rundown of todays big movers after the break when it comes to your customers expectations, theres one thing you can be sure of. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. Learn how cognizant softvision designs experiences and engineers outcomes. Cool. I cant tell you anything about myself. As someone in cool. Witness protection, but believe me, im not your average consumer. Thats why i switched to Liberty Mutual. They customized my Car Insurance, so i only pay for what i need. And as a man, uh, or a woman with very specific needs that i cant tell you about say cheese. Mr. Landry . Oh no. Hi mr. Landry [ grunting ] Liberty Mutual customizes your Car Insurance so you only pay for what you need. Liberty. Liberty. Liberty. Liberty. Welcome back shares of jb hunt are surging. The trucking giant reported a big miss on Second Quarter earnings and revenue was in line analysts at citi and stevens putting out a note saying if it wasnt for a onetime pretax charge profits would have topped forecasts. Volumes fell 8 largely due to weakness in its eastern network. On the Earnings Call, the company says they expect volume to improve in the second half of the year some other stocks to watch today. Shares of bayer are higher in germany after a u. S. Judge cut the damages awarded to a california man who blamed its roundup weed killer for his cancer the judge says evidence supports punitive damages, but he reduced the amount to 20 million from 75 million you can see the stock is up by 1. 5 tesla is changing its pricing and its lineup once again. The company is killing the standard versions of the model s and the model x. That means the model s starts at 80,000, and the model x at 85,000. Tesla is cutting the price on the model 3 by 2,000. Prologis is buying Industrial Property trust for 4 billion including debt that deal includes more than 200 properties expanding the companys position in southern california, san francisco, chicago, atlanta, dallas, seattle and new jersey coming up a big morning. We are expecting earnings from two dow components well get jpmorgan and Johnson Johnson, and thats just in the next 30 minutes. We have more coming up after that well hear from Goldman Sachs and so many more plus well talk about this, a bit of a controversy that peter thiel is starting. Peter thiel doubling down on accusations of treason against google we will show you his comments and talk about them after the break. As we head to break a look at the s p 500 winners and losers through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From managing inventory. To detecting and preventing threats. To scaling up your production. 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