for just $0.10 a piece of additional chip. no, because i don't even have a cheap ticket as soon as overboard to technical shows. 3 generations. one jenny starts july 7th on d. w to the u. k. has a new prime minister here stormer, and his labor party came to power overnight and election landslide victory, voters sending 2 messages. after 14 years of conservatives and power, including 5 prime ministers battered by breaks it, they said enough is enough. the 2nd message is directed to storm or, and his labor party, nico, somewhat like this. you promised to fix what's broken and there's plenty to fix. now let's see how you do. i bring coughing berlin, this is the day the

we said we would be we will to the country. i would like to say 1st and foremost, i am sorry. we said we would turn the page up the way. it is important that all to 14 years in government, the conservative policy rebuilt. there was a massive gap almost as of right operators. politics of my job is to fit you and help us get all the best results from above 100. yes. today we saw the put in the work of tape also it coming up, but remember when we used to go shopping books spelt in a book store close in a department store toys in a toy store with 30 years ago today, jeff bezos started amazon and our retail reality would never be the say. the most important thing is to be customer obsessed. so don't satisfy your

customers. figure out how to absolutely delight them. that is the number one thing, whoever your customers. 2, our viewers watching on tv as in the united states and to all of you around the world. welcome. we'd begin the day in the u. k. where the clinical clock just underwent a major reset for the 1st time. in 14 years, the british prime minister is not a member of the conservative party here. storm or head of the labor party became the case. new prime minister on friday catapulted to victory. and then the election that is seen by some is the result of a major reform of labor. under stormers leadership, there had been comparisons made with the last labor land slide. some of you may remember 1997 when tony blair became britain's youngest at 20th century prime minister. he and his wife sherry entering number 10, downing street. the cheering crowds excited about the promise of

a rebranding party known as new labor. almost 3 years later does a comparison between new labor and storm or is labor? does it hold water? and what about the conservative? is that party? is it all washed up? i'll ask you just a moment, but 1st to reach you of the you case, read, set the election. a new era has begun in you people. it takes, at least that's what he has. toddler is promising. after 14 years of conservative, rude, he entered number 10 downing street. as the u. k is new prime minister. i say to you directly, mike government will serve you. politics can be a false for good. we will show that we change the labor policy, return it to service doctors, how we woke up

a country fast potty 2nd. after leading his guns. that'd be the body to it was selection defeat, have a former prime minister, richie, so not resigned as it's lead to of the apologize to the british people and his body . well, in this federal speech, i would like to say 1st and foremost, i am sorry. i have given this joke, miles, you have sent a clear signal that the government of the united kingdom must change. and yours is the voter turnout in the election was the lowest in years, but it was enough to prepare labor to over $400.00 seats in parliament and leave the conservative, languishing, but around a $120.00. the conservatives last. well, the populace reform parties gain deleda nigel for i want

a seat in parliament for the 1st time. the. it's not just disappointment with the conservative policy. there was a massive got of a sense of right of british politics. my job is to fit it, and that's exactly what i'm going to do. many people in the u. k. auto bank coming didn't new political landscape, but other side of skeptical of just how much change this new government can bring about. it would be interesting to see how labor actually performs. if they don't, i think we get another change of government in the next election life in see what's going on. i think people are getting fed up buttons, new, private, assert, got down to work immediately. he began appointing members office new cabinet in order to fulfill what he sees. this is the gold feel free building put in

as i'm joined now by quinton feel. he is a political commentator and a former for the editor for the financial times of familiar face to our viewers here in joins me tonight from london. quite. it's good to see you lots to talk about tonight. there has been a tendency to compare 2024 with 1997. is here, storm or is reformed labor party? is it the next version of tony blair's new labor? well in some ways it is. it's clearly a rather more moderate centrist, full of labor politics. it's a band of denny, of the hope said pretensions of the ha left jeremy colbin era. having said that, it does seem to be rather rather less vision rate than attorney blair ever was. attorney blair,

i had this vision of new labour which he sold very hard and very well where as i kissed um is it stings a much more cautious? but the question is he has one himself and a much larger. well, a majority almost as big as that one by tony blair. he has the for extraordinary amount of room for maneuver. so i think the real question is, how radical will cast um a debt to be what we've been following this. and i get the impression that he didn't want to offer anything radical. instead, he was trying to present politics as a serious business again to the british voters and may be as the, the anti boris johnson politics if you will. yes, very much. and that's what i think is, is a key reason why he did so well. although, interestingly, i mean,

the truth is in actual voting terms of the propulsion of popular fiction that voted full length of policy. 34 percent is actually rather low. but none the less the, the i come in terms of the seats is one is to give you many numerous room for political maneuver. so i think in the 1st place, yes, he wants to present himself as the office. it's a bar, is johnson, a really serious man who's not going to frighten the the horses and get just you have very much in the center ground of politics, whitney, i was looking at the numbers and i think that labor, if you look at absolute numbers, labor actually received a fewer votes in this election than they did in the last election when the conservatives one. and that has to do with what lower voter turnout. what. what does this tell us then about the mood in the u. k. of the mood in the u. k is really pretty miserable. i mean people are really rather fed up

with the hope that's a good establishment. a bar is johnson if you like, symbolized the reasons why they got fed up and that's why they really have turned away from the conservative party, just bar. it's jones of, i mean very popular that he was funny, amusing and with the but having said that, he was come to mentally rob a dishonest. he tried to be old things to old man. the. the is the coalition that he put together of people in favor of breaks it, that that is nationalist conservatives and left behind working close vouchers from the north of england. it simply hasn't held together. so i think that's the real problem, and that's the, the image of politics to which a kia system is appealing in and say, look, i'm a serious guy. i'm not going to do anything to radical,

but he's going to be under quite a lot of pressure to move fast because the country is in a real economic and social flight. it's got big problems and he needs to deal with them. you mentioned breaks it and we know that the cure starburst. he was against leaving the european union. he was not, it breaks it to year. but if you were to ask him today about the possibility of rejoining the you, he would say not in my lifetime. now that of course, speaks to how elastic politics can be. but if you were advising a european leader here on the continent about this new prime minister, what advice would you get ah, i think that he will prove to be a lot more engaged with europe. then he's giving is making it the parent. i mean, he is instinctively pretty pro european, but he is scared of the source of pro bricks its wing of his party,

most of whom he has done the luck to try and get back into the body. but having said that, i think he is worried. you know, he's, he's trying to come across and say, look, river city is done, we can go back on it. we stood in the guilt to make it look. but there were a lot of people in each party who actually do particularly the younger than that. but as a vote, as for his body to actually see, this is an opportunity of really um, doing the very real damage, the brakes it is done to britain to the economy and to its international reputation . if you look at the u. k, in comparison with other western democracies. right now u k. politics appear to be an anomaly. i'm, you've got france, you've got the united states also here in germany, the tennessee being to go to the right france, maybe the far right up in the u. k. we're going center left. is this

a true anomaly in your opinion? and what about the party of nigel for raj? and it's pull to the right. how strong do you think it will be or can it be? and i think that's a very open question because i think that's nigel for after. ok back into the selection campaign. very late in the day. and he gave his party the reform body, which is the sort of hard right and to europe and an anti immigration body. he gave it a real sense of momentum. so if that policy could actually pull the wreckage of the conservative party over to the right, then i think we might see that britain is simply a bit behind because for the wreck and the rest of europe where the file writes has done. not having said that the name of the policy has actually go to act together. and i'm like,

i suspect the sort of social democrats of germany or the center left in front who seemed to be rather in a band. so i think the, the jew resides with, okay, no, it will all depend on what a success he can make the government quick question for you before you run out of time quitting, receive that, do they took responsibility for this horrible tory defeat? how much was this loss? how much was it his fault? was it really his fault? he had a dreadful election campaign, but i do not think it was his fault. i think this was an antique conservative vote, rather than to be, she soon activate. it was antique conservative because of because of brakes to because of bodies, johnson because of his trust and the other incompetence. the conservatives are simply run out of time and run out to the voters trust that they could get the

economy onto an even keel. quinton peel. as always, we appreciate your valuable analysis. we appreciate you taking the time to talk with us on this friday night. thank you. so thank you very much. the amazon is 30 today, and it has been an astonishing journey to the company that jeff bezos started out of his seattle garage back in 1994 is now one of the most powerful in the world with the market value of more than 2 trillion dollars love it as a convenience or hated as a monopoly. amazon has gone from a online book seller to dominating the e commerce space. you can do all your retail shopping there, order food, get all of your entertainment needs, films, musics and games. and amazon is also a global leader in cloud computing and a i, and remember the corporate pandemic. it drove many companies out of business, not amazon more than doubled its profits. thanks to a walk down,

buying frenzy. it also exposed depressive working conditions inside amazon warehouses, warehouses, which are known in amazon corporate speak as fulfillment centers. jeff bezos, of course, is now one of the richest people in the world with a personal, fortunate more than $200000000.00. you step down to ceo the company in 2021, turning his attention to space tourism. so amazon in its prime. to discuss this, i'm joined tonight by dana matthew only. she's an award winning reporter for the wall street journal. who so be it happens to be amazon. she's also the author of this book, the everything more amazon's ruthless quest to own the world and re make corporate power. it was published in april by little brown and company, and he joins us tonight from new york date is good to have you. with this, my producer wanted me to ask you this. the past 30 years was 1994. the end of the

old testament of retail sales, i mean, they definitely revolutionized a new way of shopping that and honey enough at the time it seemed like it was against a large story. only 3 percent of americans ever been on the internet. when jeff started this company, wow, spoke to you, suggested to the build fee, and you know, now it's in the us, it's 40 percent of all e commerce here is through that one website, which is kind of incredible. it is incredible. i mean give. so give us some numbers or give us a sense of amazon's reach in the marketplace today. and then not just in retail. yeah, it may have staggering amazon is the number one or 2 biggest player and far reaching number of industry. so i, like i said, an e commerce has the number one line, but then in cloud computing, they have the top cloud computing companies in the world called amazon web services . there's a 3rd largest digital advertiser by revenue in the us. they carry more parcels than

us or fedex. they not only activated speaker and streaming devices, they sell 82 percent of all e books over there, all. and then it's a hollywood. you applied counts me for a health care john and to logistics to human. and those are some of the areas that it operates. is amazon. now in, and you were a student opinion, is it now a monopoly? well, i would say that regulators around the world would say yes. in september, the federal trade commission, which is the us as top anti trust agency to them for being a monopoly and that echoes other investigations around the world. we've seen other regulatory bodies also questions, companies power in size and, well, how that was affecting not only you know, main street in high street, but consumers as well. do you think amazon can be broken now as well as the f t. c? when it's lawsuit, it's definitely a possibility. if you read the lawsuit closely, they say that they are looking at structure of remedies, which is code for

a breakup at. but the big question to little too late are all of these kinds of goals that i just described, cloud computing, e commerce, logistics are they already so big, so entrenched, so much a part of daily life that if they were to be broken up that they just become officially the number one player in the space on their own and accumulate more power. that's, you know, you know, i think regulate or something that another giant retailer walmart, like amazon ventured beyond the united states. it's set up shop right here in germany, walmart. and like, amazon did not last long here in germany, workers' rights, the power of unions. you know, all of these things came together in may, walmart's business model unworkable here. could that happen to amazon? do you think? i don't think so. you know, i was able to obtain lots of internal documents and reporting out this book. hundreds of pages have been terminal financials that amazon doesn't disclose to

wall street or to the external public. and i found that germany's one of its biggest markets in the world, they've had wild success in germany, and it feels like there's a similar to nomic playing out there as it does here, where the warehouse workers have said that they're not being fairly compensator. they don't like the working conditions were smaller retailers. i'm having a hard time competing, even bigger retailers are better attempting to use amazon rates. so i think there's a very similar dynamic, and i think we're walmart failed. amazon has really done a great job globally getting its, its regional operations to take off, as well as with the cloud computing operations. i mean, when we, when we think of working here in germany, germany is a very worker rights friendly place. in general, trade unions and other media. there's nothing known here as of right to work state . i mean, unions are, can be anywhere and everywhere i'm, it is, there's something that amazon has done to be able to maneuver in this environment well, and at the same time, maneuver a place you know, what, having

a warehouse in mississippi in the united states where there is a trade union at all? no, i was able to get amazons lobbying disclosures as part of reporting out this book. and what's fascinating there is that even though they've stumbled in some areas, they've dedicated more money than almost any other company in the us to lobbying. and they've also made a concert or in other countries where there's laws that we're allowed to lobby, to dedicate a lot of resources, money, people, to make their case with government. and so get incentives. and i think in the places where amazon has really succeeded, they've had a lot of successes on the lobbying front. have you ever spoken the, you know, directly, personally, but jeff bezos that he did not speak with me for this book. i spoke to 17 of his top reports for the book without the company's knowledge. they all spoke to me, one and one. i spoke to 5 board members and more than 600 people. and like i said,

i had hundreds of pages of internal documents. but jeff did not speak for the book . everything in the book was run by him and his his people. okay. well your books title i, which i find interesting fascinating is um amazon's ruthless quest to own the world . does that speak more to the company? or does that maybe speak somewhat to the personality that is jeff bezos? mean, what would you say? i think it's both. i think jeff and the company are just stolen to created this culture of domination, where he wanted to just start with retail and books to make his test case. but then, you know, he told one of my sources, your margin is my opportunity. and he's looked at the whole world, and i mean for anyone else is making money and has profit, he thought amazon could take them and they've largely succeed front when you look at the string of bankruptcy is across the industry using job losses. but also the areas that amazon has entered without any background entering been dominated. you

know, anytime amazon says that it's going to go into a new industry, all of the incumbents in the space, their stocks tank because wall street makes very vocal just an amazon being able to have a top spot. yeah, and i think his, his vision and the company's vision, even though he's now executive chairman, he's not see you anymore or just sold links, and he's created this 30 years of this culture that is lasting legacy. well, let me ask you this. could amazon one day control so much of the retail world that it will be able to dictate what, what you pay, but also what you can choose from. all competition, killed or co opted. in other words, for the consumer is amazon or nothing. i mean, could we be in a world where we go from hyper capitalism, morphing into 21st century communism? it's interesting. you say that um, you know, in the us the f t c brought the forward this lawsuit against amazon and the chair of the f t. c is this woman named lina conn. and she became famous in the us in

2017 because she brought this large article in, she's lost it and she described amazon as the this utility that it was unavoidable . that if you're a seller of a good in the us or anywhere else, had to use them even if you didn't want to that sellers that customers felt like they had to use them. and, and, you know, there's a scene in my book where i describe how hard it is to be to not to use them. you know, even if you didn't shop on them, if you take an uber or a live yeah, watching netflix, that's all backed by amazon web services. you know, my doctor's office is bought when i was buying this book. they got into the health care space. they deliver up so many packages, even for other companies now. so because unavoidable and somebody, what about amazon prime is it, i mean are, are you a prime member? my husband is we don't use it as much to shop, but you definitely don't watch content. i mean, is it, but is it still worth it? i mean, i used to be amazon prime and, and i said, okay, i,

i don't think i'm getting my money's worth, what stopped it and, and i, i can see how, but i'm buying things. i can see how the algrove is everything, try to push me to, to, to resubscribe, but it isn't worth the money. a person for me to say if it's worth the money, but there's 200000000 people with a prime membership. and that's kind of a staggering number and then of itself, right? so it, and there's been some complaints lately in the us at least they started adding advertisements to amazon prime video. if you don't pay for a higher tier, right, there are some pain points that people have a spot it, and they think other people have also got rid of their membership because of those pain points. but it's, it'd be hard pressed to find another membership program with that many people paying to use it. yeah, it's 200000000 is. it's amazing. it is definitely the world domination that level for short, the internet, the only with the wall street journal, dana, we appreciate you taking the time to talk with us on friday and your book. excellent, fascinating. read. thank you. thank you for having as well

. the day continues online, you'll find this on x, also known as twitter and youtube. that needs to be news or you can follow me a brent golf tv and it was if you didn't know where to find on line to the are being football championships, it ended in bitter disappointment for, for the home fancier in germany. instead, it's the spanish fan celebrating after their $21.00 victory. so that's it for the we. thanks for watching every, remember germany vans whatever happens between now and then tomorrow is another day have a good weekend. everybody will see you next to the,

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day i nearly banished the dots to lie 18 o d w. the does it need to be news or these are our job stories. the u. k. is new prime minister, cure storm, or has announced a number of top cabinet positions including deputy prime minister angela main or, and rachel reed to becomes that you case 1st female finance minister. earlier on fridays drummer entered at number 10 downing street after his labor parties. landslide election victory, the outgoing conservatives suffered their worst defeat in decades. hundreds prime minister, victor or bon has met with russian president vladimir putin in moscow.