Nyc. Kara fisher is here. Only she can get away with the sunglasses its bright in here yeah, absolutely. We always talk about what the lead is. Yeah. After the first night what is today . Were doing our best, were so sorry well try to improve for most of the Big Companies. I think it was interesting you know, a lot of them are very admitful about the problems theyre having and trying to tend towards solutions and the things that are coming and just wait to see what were going to do it was a lot of im so sorry for a long time the conversation was, boy, mobile is huge hook how fast these Certain Companies are growing. Look how it is changing the world. Look at china. And now will is not so much talk about growth and competition anymore. Right its about youre already big. Yeah. Snou youre innovation is going to be how awe void getting regulated to death or please regulate us we look forward like andy jasy which is a massive company, talking about how he didnt want to get spun off because
his view of the jewish people who give them a social media platform. sounds great. i think he thinks the new elon musk. and the conversations broadly being about hey let s make sure one has a say. the promise i feel like half the time people think that it s cancel culture don t realize that no one wants to hear the antisemitism. did not canceling you, the counseling an idea that wasn t already canceled. don t worry it s but we re not thinking about some viewpoints? it s bizarre to me. that that was interesting that didn t he was a billionaire. he s worth about two billion dollars. i learned that on your show tonight. it doesn t surprise me. he is a genius. he is brilliant and it is a travesty to see what is going on. maybe a minute and popular position. but have to tell you that have seen the documentary, i know there was one genius where the top bottom somewhere but have a very difficult time he s not term for people who have you points that i find so problematic a
Squawk alley. Im Carl Quintanilla with john fortt. Retails are stories once again, with Online Shopping soaring to a record 5. 3 billion on black friday alone cyber monday is set to possibly become the biggest internet shopping day in history. For more on that we send it out to our Courtney Reagan whos at Amazon Warehouse in robbinsville, new jersey hi again, court. Good morning to you, carl cyber monday has always been a really big day for amazon, but now that they have the prime day, they are going to have to beat their own record in order for it to be the biggest day of the year for amazon. You can see were in this Fulfillment Center in new jersey and its just one of 75 of amazons Fulfillment Centers like this in the country here it covers a million square feet there are 14 miles of conveyer belts running 24 7 thousands of both human employees, as well as robots fulfilling those cyber monday orders last year amazon said 64 million items were ordered on its website. They are not givi
A roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. And more on the latest on the disappearance of egyptair flight. First up, stocks are poised to open higher a day after the s p touched a twomonth low on concerns the fed might hike rates next month, or in july. The dow and the s p on track for its fourth consecutive weekly loss, thats the first such streak since october of 14. The nasdaq on pace for its first fiveweek streak in the red since 2012. Yeah. Interesting to put in perspective the month weve had. Money pouring out of the market worse actually, these guys talking on squawk box worse than 2008 and 2009. People concerned its not just one hike, its multiple hikes. I dont know how that conversation comes back on. Thats scaring people. Earnings just soso. Geez, its just kind of a subpar picture, i think. Really . Even with the economy essentially the fed saying its essentially Strong Enough to handle this. Why is t
We were talking about the fouryear anniversarile earlier in the week, kara . Yes, that is a disaster, and remember that . That seems so long ago. Yes, it feels like most people in Silicon Valley agree, it is the most powerful company, and cohesive management, and doing ip novations, and fascinating m a, and hitting on all cylinders except for the recent conservative backlash from the trending area, but from the stockholders point of view and investors they couldnt be happie happier. And kara, this is ap al year ago. Yes, it could. Absolutely. This is a little different business, because that is a hardware business really, and it depends on the latest hot topic, and people are vested into facebook, and they have their lives there, and the Facebook Live video is pop ular ashs son ta have to keep innovating like other company, and cnbc and like anybody else, you have to keep innovating to be relevant to the consumer, and so far so good for the consumer. We will see if they supplant it wit