End up taking away some services i want to know when we start suing European Companies to get back what they steal from our companies. Every time you get a 5 billion charge against an american tech company, lets sue them back which ones . Take s. A. P. Thats the only one they got they basically legislate innovation out of their business in europe. Well dig deeper into this. Its something the markets are focused on you think election cycles end . I think well go through an intense 18 months. Get a week off. Do we get a week . This cycle it will be about bashing tech it wont be about bashing healthca healthcare youre a good outsider looking in you have great oil and gas stuff. Good miners. You will blackberry for a while. That seemed okay you had a little tech. You admire what were able to do down here. Im a huge investor down here i know. I think the biggest trade opportunity in the next five months will be taking u. S. Dollars, converting them to canadian you would have to beloony t do that. Ive done that. I think the government there will fail. I think the existing socialist government will get kicked out in october it will be a boost for mining bazne businesses thats interesting. Youre not shy provocative you get that from the sharp elbows you need on that other show im just saying if youre looking for trading opportunity, Canadian Dollar was 73 cents last month now its 76. The chance trudeau survives i think is zero. Kevin is with us for three hours. We have a lot to dig through with him lets look at the u. S. Equity futures. The yesterday the markets were down slightly. Loss of 23 points for the dow. That was the first time the dow was down in five sessions. It was the first down day for the zep the s p in six sessions. The dow yesterday did set an intraday high before giving back some by the end. The s p futures indicated up by 5. The nasdaq up by 15 points overnight in asia, youll see the nikkei was down by 66 points that was a decline of a third of a percent. Hang seng was slightly weaker. The shanghai was down 0. 20 . In europe, where there is some active trading taking place, you will see a mixed picture modest advances and declines, but the dax and the cac are slightly higher. The ftse is weaker treasury market, same story weve been watching for a long time those retail Sales Numbers from the government were stronger than expected yesterday. This morning the tenyear is yielding 2. 1 . U. S. china trade war is front and center again this morning after President Trump said that the worlds two largest economies still have a long way to go on trade, even suggesting that the u. S. Could still impose a new round of sanctions we have a long way to go as far as tariffs with china is concerned if we want we have another 325 billion that we can put a tariff on if we want. Were talking with china about the deal i wish they didnt break the deal they had. We had a deal where china opened up, we had a deal where intellectual property thef would be taken care of the question is whether the threat of new tariffs will move this along woo youve been supportive generally of this tariff approach, correct . The upside of settling a deal with china the next two years is so good for s p and my situation is everything i make thats a hit domestically that i make in china gets ripped off within 90 days isnt part of your argument that the u. S. Economy has been much stronger and has been able to withstand the repercussions of this . You would think if this rhetoric stayed on that we would never get a china deal, the s p would correct 20 , 30 i think my attitude s i think theres others like me, keep squeezing chinese heads until you open up the middle class to sell, i want that. Let me litigate when you steal my stuff would you do that even if our economy was not growing the way it is now . No, i wouldnt do that. Thats the balancing act. Why not do it now no matter how you think about trump or whether you like him or dont like him, this is the first leader to have the you know whats to face these chinese guys im a huge advocate for fixing this now lets look at what could be moving markets ahead of the trading day. Economic data at 8 30 a. M. Eastern time the june read on Housing Starts on the earnings front we have bank of america, Pnc Financial and bank of new york mellon. On the backs of hearing from Goldman Sachs yesterday and so many others. After the closing bell today well hear from ebay, ibm, first of the f. A. N. G. S, a report from netflix. And its another busy day for tech regulation. Facebook executives will be heading back to capitol hill once more for a second day of testimony over the libra currency the European Union launching a formal investigation into amazon now and how it uses data from third party merchants. That was part of the conversation during the testimony yesterday on antitrust. More fines could be ahead. Were also tracking the fallout from President Trumps comments that he will be taking a look at googles dealings with china that was prompted by calls from facebooks board member, peter thiel. Then later today, g7 ministers are meeting in france. They too have tech regulation in their sights well be monitoring developments and bring you updates as we get them the price of bitcoin fell sharply during the libra testimony yesterday. Now sitting well below 10,000 its erased most of the gains it added shortly after Facebooks Libra digital coin was announced about a month ago. Still not in the buy range for sorkin no. You were 3,000. Under 5,000 anything under 5,000 im disciplined at 3,000 under 15,000. To me watching the testimony yesterday made me think the reason why congress is interested in libra, they think it has a chance. The second that bitcoin becomes a stable anything and has a chance at real meaningful taking over the dollar or taking over something i think Facebook Libra is right for regulation, bitcoin is unrelatible. Thats the issue. My worry as a bitcoin investor, im not one, but if you were is whether you think that the government, which is not going after bitcoin yesterday, but if it ever got to a stage of escape velocity, that they would try to put that back into the bottle. You think all the attacks coming from congress at this point or from the administration are because they worry about the reserve currentry, and the dollar currency and the dollar i think thats part of it i worry about keeping it afloat my problem with bitcoin is what does it solve when you transfer money, whenever you transfer money, it takes it to zero. The reason it doesnt work for that solid reason, youre down 11 in 40 minutes that eventually, its are you saying thats if it ever became stable, then it might actually be used as a currency in which case i think the regulators could potentially step in and say you know what . We cant track this. We have this problem, this problem, this problem. By then it will work. I think thats what is already happening. I dont know much of it is protecting the monopoly of the u. S. Currency bitcoin you cant track down because you cant find it. If its a company like facebook you can. Its not libra and bitcoin are so different. You didnt think so when they first came out they are different. Underneath it is a more broader idea that we regulate banks like crazy. We regulate anything that has to do with the movement of money. They are looking at libra now. They have not really dealt with bitcoin. Think of the problem libra solves its such a brilliant idea heres why it will work. You dont think it will work. No. Heres why it will work it will work like paypal or lets take mexico, canada and the United States. Im an investor i want to put on a trade with mexico and canada to get north american exposure today, which i tried to do last month, i want to move a large amount of u. S. Dollars into canadian do you know how much pic shfricn there is to do that . I have to find a trader, buy the index in canada. With libra, the potential the canadian government agrees to monitor it, the u. S. Agrees so you think it is good i do. Theyre basically saying regulate us. So that i can say ill put 5 million into this currency ill move a million up into canada a million in mexic i never have to leave leeb brachlt i can buy the libra. I think libra could get regulated and work jpmorgan is trying to do Something Like a libra santander. Theres other people doing this. You will see lots of these things its not in jpmorgans interest to do it because they clip me 20 basis points. Thats the same argument that mastercard is involved in this, too. Let them compete. They all will be. Will they be regulated . I think its no coincidence that libra is based in switzerland. Will they be regulated like a bank my dad is swiss, my step dad, he told me today that they have not even talked to facebook yesterday. They will become a bank youre back to one a digital gold, one is a Digital Currency. You can use it its like paypal thats what it is the other one has inherent value in the no. Im not mad that r. I. M. , you dont do a lot for us. But looking at who came from canada we love you. Shatner. Yep both ryans, remember both cories both ryans come from ryan . You know the two. I dont need to spell it out. Ryan gosling, Ryan ReynoldsRyan Reynolds yeah. Both of them mike meyers neil young yep wait. Michael j. Fox. Joni mitchell it is a keanu reeves yes keanu reeves. Donald and keiffer sutherland. This is an awesome list howie mandel thank you, canada. Thank you. Its wonderful. Thank you when we come back, amazon prime day is in the books. Well bring you the latest on the big sale and how amazons competitors fared with their own sales. Right now as we head to break, a look at the premarket winners and losers in the dow. Justin bieber intel is up by a half percent. Well be right back. Moving is hard. No kidding. But moving your internet and tv . Thats 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, with twohour appointment windows, its all on your schedule. Awesome. Now all you have to do is move. That thing. [ sigh ] introducing an easier way to move with xfinity. Its just another way were working to make your life simple, easy, awesome. Go to xfinity. Com moving to get started. Amazon sales bonanza wrapping up hours ago. Courtney reagan has been watching this and has more its been a long 48 hours deals galore. It ended three hours ago. Amazons prime event we dont know how the full thing wrapped up it was the longest by 12 hours amazon has told us so far that worldwide sellers, predominantly small and medium sized businesses saw the biggest 24 hours sale day in amazons history. Amazons first 24 hours of prime day sales were 79 higher than last year according to ereceipts Adobe Analytics says they saw a 64 increase in sales versus an average monday in july compared to last years 54 growth on prime day. Even the niche retailers saw a 30 increase on online sales based on an analysis of pain views, the echo show 5, Fire Tv Stick with alexa remote and kindle paper weight were the top sellers. It makes sense because those were drastically discounted on amazons sales day events. Walmart during prime day, the page views there indicat instapot, the apple watch 3, the vizio 54 inch 4k tv were the big sellers. When you have a big peak and a swell of packages coming through the system at the same time, deliveries could be slower you need to tell sorkin about the exchange we did. The shoe store. You know about this mens shoes i should have known what is this saks is spending 60,000 square feet of 800 sneakers its 6,000. 6,000 square feet. So the fashion sneakers, luxury sneakers, theyre 895. You get two pretty hot. Theyre sort of a gateway drug into other categories. Luxury stuff. Then you can get your designer jeans, your designer tshirts im in. Im wearing mine im the wrong guy im the wrong guy for that segment yesterday. Still got those no, they finally fell apart a break through on the exchange yesterday is joe wore a jacket youve been pushing the jacket for so long he looked fabulous. It took 20 pounds off you. Everybody was watching and said my gosh the guy looks fabulous i must have looked emaciated. You looked good look at the jacket thing im shot switching it out mr. Wonderful tells the truth. Im still wearing lululemons. Back to the lululemons today and i got a zipper for my wallet check you out full suit i wore a full suit. Im doing the exchange today. You dressed up yeah. Okay. Back to amazon charlie is here wondering. Charlie oshea is here from moody moodys. What kind of sneeshg sneakers a wearing . How did the competitors fair . It doesnt matter if its profitable you have have 60 million prime members in the United States, try to keep them happy the best deals on prime day are always the amazon devices, the gateway to the ecosystem, which locks people in. Some things we focussed on early was the delivery issue i live in bucks county theres an amazon flex warehouse down the road from me. There were 220 rental vans in the parking lot of the mall which is almost like a staging area a couple nights ago thats the last mile for amazon. Thats what theyll rely on for next day delivery. There are bound to be hiccups. This is the test for holiday and see where the kinks are. I dont even care if the stuff is late that i bought. I used to be an impulse shopper, im not in the stores anymore. One thing that i saw is that amazon is offering 10 to prime day shoppers who hand over their data if you let them track you on the websites that you visit, which seems like a rare stupid bone headed move on amazons part to be getting in the middle of all of this at the same time were seeing this regulation focus on privacy. Why do this . Data is key to everything customer lists companies that didnt mine it properly companies trying to mine it to death. I think that its still evolving youre in the governments cross hairs right now. I know. Not just from regulation from congress but what youre seeing with the big agencies that are investigating them why do this now . Good question i dont have an answer for that right now. Because consumers dont care. Consumers want the discount 10 yes yes, you are. Why dont you pull a walmart and say you will get the everyday low prices, the best price i will offer it for you. I think consumers feel amazon, facebook, theyre taking our data any way ten bucks sounds like a low price, but as long as you give me something for it, sure. Ill give it to you. Youre taking it any ways. I own my data, i should be able to sell my data they are selling their data to improve the general marketing but theyre selling the data, knowingly selling it i would have no problem with this its great to bash these companies, but the consumers dont give a damn. I dont think they could. Charlie, is there blowback that comes from this its similar to credit card breaches in my mind. They happen, and people say oh well Credit Card Companies take care of you if the information gets out there i know what i am, but i dont want to go cheap you can have my data, but 10 bucks . 10 at least compensate me for it im worth more than that can you make more than 10 bucks off it i dont know. All of these companies yesterday only half of them participated in the discounts down to 30 less we got a big lift in sales we make no money but the real issue is we dont get the data we dont get it. Amazon gets it most of these companies that are small, early startups, they are trying to figure out a way to get you after you buy the product to register. I have one that is big that does cat dna. For 99, i will do the analysis on your cat, tell you what it will die from, where it came from i dont buy this kind of thing its a hot product you swab your cat in the mouth with a q tip, you send it to me for 99 bucks, this is a huge hit. So we have to get the data you dont get your katdcats dn unless you set up the account on the server i love this business, but its a Good Business of how a company can fight back to get their data charlie, with amazon, what do you tell people . Is it your favorite or is there anybody else amazon won the online battle. Walmart and the rest are fighting for second place. One key thing during prime day is you get the free ride you get the free ride the buzz amazon creates you want to be the second click. If youre walmart, target, best buy, any of the other brickandmortar retails, you want to be next. Maybe you get a shot if youre next if youre next you have to be good all of these guys have upped their games immensely. Pure online retail, amazon won walmart is still dominant, a half trillion dollars in re knew, theykne revenue, theyre the dominant retailer right now coming up a progress update from one of elon musks side products this one wants to attach mumen p processors to the human brain. Well give you the details after the break. And we are expecting quarterly numbers from bank of america. Thats coming up at 6 45 a. M. Eastern time you do not want to miss that well bring you the numbers and reaction from wall street straight ahead were changing whats possible every single day. , and if you run a business, that means a lot. We create Financing Options for your customers. To help them get the things they love instantly. Our data provides insights into what your shoppers have already bought. So you can offer them what they might consider buying next. Our financial and Tech Solutions are changing whats possible in all sorts of ways. So, how can we change whats possible for you . Mind Reading Technology might soon calm from the realm of Science Fiction to fact elon musks latest side product, they plan to drill holes into the brain and attach a tiny processor that can attach to a smartphone via bluetooth i volunteer what . He wants to do trials within the next year. Musk says the company is planning to equip its first human patient with that technology by the end of next Year Technology would mean huge improvements to the lye lives of people suffering from severe brain injuries, but the Company Still needs to get fda approval. They have been doing this to mice, others are trying to do Different Things with implants to h