in some industries and or tax intensive but it's a different industry jeff bezos did pay taxes for many years general electric submitter of $80000.00 page tax returns they got a tax credit i think basis actually got a tax credit you get paid by the government so taxes there's not that thing illegal here it's just like the industry of property speculation means you're carrying a huge debts which gobble up that the write offs are huge and so the tax that taxes are could be 0 and francis mckenna was correct and to put the perception is what needs to be managed right because people see that number $750.00 and they don't you know most people are financially illiterate and they don't the is going on they just like say well i pay 5000 dollars last year jews will settle well i do think it's a scam and we're going to go into this i think is totally totally 100 percent wrong that trump gets away with only paying $750.00 and yeah give me a $35000000000.00 property portfolio and i now i don't care if it defaults and goes away crumbles i don't care as long as i don't have to pay taxes what's wrong w

way not to pay taxes to corporations don't like to pay taxes amazon doesn't like to pay taxes jeff bezos says season against taxes just like to pay taxes so this is simply a business is a preserve perception problem because this clearly it's not unusual well real estate is something most people go in because they want to generate tax losses because they want to offset income from somewhere else he has income from other places that the real estate works really well probably to offset jeff bezos he only reports income when he has a tax loss carry forward that he needs to use because it's going to expire and i report. but on that that's been what's happened so no it's not unusual taxes this one thing what people report for for regular profits on their financial statements is something else the thing is it's really hard to explain to the average reader what does this mean why does he have all the writing of an enormous level of financial illiteracy in america so it's hard to really explain how business is done right and we cover the story in france the mechanic did a great job but the tax re

i don't know if you've heard the story that's been circulating courtesy of my next guest, but jeff bezosas been kicking the can at cnn that he might want to buy it. he already has "the washington post," but here to get a little update on that. what are we talking about here, charlie? >> just going to feed off of what we reported earlier that there is i would say rampant investment banking speculation of two things, that at&t, because it has two shed assets after its 2016 purchase of time warner, is looking possibly to shed cnn and that jeff bezos, the founder and ceo of amazon, but the current owner of a small media company that owns the big "washington post" may be interested. i've heard this from at least three major media bankers today. if you know, there's a lot of stuff going on with the election, as you know, lots of stories out there, but on wall street, the story was captivating wall street about his potential interests. it is what we know whether he's going to do this or not. at&t, people close to at&t tell fox business they have received no notice from them about any potential

i spoke to someone close to bezos.as of now, it ain't happening, this is not a deal that's in the works. we should point out this deal couldn't happen now for a lot of reasons. one reason is, president trump not only hates cnn and jeff zucker, he mates jehates jeff b. if president trump remains president next tuesday and he will be in office until january even if he loses, his justice department will never approve this deal. it's not going to happen with jeff bezos. they know that. clearly there's an issue here with cnn. when we first reported this story, my phone was ringing off the hook from cnn employees asking me about this story, how true it is, how much they would love to be out from under at & t which is a culture unlike anything cnn has been used to in the past. years ago, at & t bought cnn as part of its purchase of time warner. it's a telecommunications company. it is not a media company. it is now in the media company, there's a lot of tension between mr. zucker and his new bosses, including randall stefenso

just based those and others oh yeah let's look at the likes of these others or you would just jeff bezos as mark zuckerberg and ben gilbert chairman of quick look at what they've made i mean jeff bezos wealth grew from 113000000000 in march 18th 203000000000 by october increase 80 percent zuckerberg 54700000000 in march 18th to 101000000000 by october 30th 85 percent increase the law must 24600000000 march 18th now close to 100000000000 dollars and then gilbert terminal quicken loans saw his wealth rocket by 656 percent 49000000000 at the start of the year from $6000000000.00 at the start of the year to $49000000000.00 now at the end of the year that's massive wealth heading their way now i get it for a jet basis for instance because the majority of us are still using amazon especially when you know all of the stores were raided and everything at the start of 1000 a lot of people are turning to online shopping i get it or face. we're talking about mark zuckerberg because of the ad buys that campaigns are using and as well as you know different political groups right now in a campaign ele

just based those and others oh yeah let's look at the likes of these others or you would just jeff bezosas mark zuckerberg and ben gilbert chairman of quick look at what they've made i mean jeff bezos wealth grew from 113000000000 in march 18th 203000000000 by october increase 80 percent zuckerberg $54700000000.00 in march 18th to $101000000000.00 by october 30th 85 percent increase the law must $24600000000.00 march 18th now close to 100000000000 dollars and ben gilbert chairman include quicken loans so his world rocket by 656 percent 49000000000 at the start of the year from $6000000000.00 at the start of the year to $49000000000.00 now at the end of the year that's massive wealth heading their way now i get it for a jet basis for instance because the majority of us are still using amazon especially when you know all of the stores were raided and everything at the start of 1000 a lot of people are turning to online shopping i get it or face. we're talking about mark zuckerberg because of the ad buys that campaigns are using and as well as you know different political groups right now i

percent rise according to the reports now some fortunes have risen even faster amazon founder jeff bezos has personal wealth ballooned this year from roughly $115000000000.00 to more than 200 $1000000000.00 so who has the most billionaires the u.s. leaves with $788.00 china's next with $342.00 and then germany is the european leader with $119.00 now in contrast the whole continent of africa has 20 billionaires and more on this i'm joined now by my colleague with business kate ferguson she's already at the table kate good to have you with us. why is it that the rich are getting richer and should we be concerned that this is happening this is not really a new trend at all the rich have been getting richer and the poorer for quite some time that there are a couple of reasons for this one of them is that over the past few decades and this is a global trend the rate of talks of the super wealthy in paying has actually fall and the argument for this is that it boosts innovation and it creates jobs but the effect is that these super wealthy individuals have a whole lot of money to play with and

and heavy speculation that cnn could be for sale in the meyer of cnn could be none other than jeff bezosr personally of the washington post and what banking sources are saying these are the media banking source meant on major deals i've been covering media and banking stories for a long time, it is rampant that jeff bezos is interested in buying cnn and obviously we should point out that fox business has not been able to confirm baeza's interest and he is not told us that, cnn has declined to comment all the people at at&t the. company for cnn has said that they have not really received any interest from jeff bezos just yet, still the reason why record stories like this deal is maybe foreshadowing something might come in the future, at&t is looking to shed assets they were massive under massive debt load and time warner spent a lot of money fighting porting court over the objection of antitrust of the trump administration, now they need to shed some assets, cnn is an asset that does make money although it's in third place in terms of rating from what i understand is profitable and also a

bezos, you think he's sitting on his hands saying 104 times sales? maybe i want a piece of that action maybe i fix my database. >> maybe they just do it better. >> that's my whole point why would you take that risk i can't believe anybody would pay 100 times sales for anything but don't hit me because i own a couple stocks that are a hundred times sales right now. but at least they have a reason, they have a brand inside the consumer play. this is b to b so it's different. this is margin crushing eventually, this is competition from microsoft and tell me a company that's better than microsoft at ripping off a good idea and two years later making it theirs and doing it better than ever before that's all they do they're great at that. >> no two snowflakes are alike, though, kevin. remember that. as we go to break, a check on the s&p sector heat ma'p. up today led by technology back after this. you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple th

current and former amazon employees marched to jeff bezos's beverly hills mansion last night.activists say they are calling up the company for its working conditions and impact on the climate. they also wanted to call attention to the plight of the working class. >> you should really be less greedy and help people. pay your employees a living wage so they don't have to be on government subsidies. just pay them enough so they don't have to get the government subsidies for babysitting. >> demonstrators also called for tax reform and accused billionaires like jeff bezos of not paying their fair share of taxes. >>> a new traffic death is being traced back to a troubled airbag manufacturer. diane king hall of cbs money watch joins us live from new york. good to see you. morning. >> reporter: good to be with you. house speaker nancy th this prog coronavirus relief bill. democrats passed a $2 trillion bill on thursday but it does not have support yet in the republican-controlled senate. another motor vehicle death has been tied to faulty takata airbags. and this is a fatal crash over

that's my bezos. now, on its surface, this sounds like a surefire money saver. but i'm sure a monkey workforce has its challenges. in fact, we have foot annual-- do we have this? we have footage of a recent uprising, where the monkeys started rolling coconuts at their manager. ( video game noises) >> stephen: manager's fine. he has three extra lives. now, chaokoh denies using monkey labor to produce its coconut milk, even commissioning a report entitled the "monkey-free coconut due-diligence assessment" -- which, of course, is also the name of my favorite '60s psychedelic band. i want to reiterate my position that exploiting monkeys is abuse. it's wrong. it's never acceptable. even when it's funny, like dressing them as astronauts, teaming them up with clint eastwood to fight crime, or washing a cat. but i will say, if you do need to wash your cat, you're not going to do better than a monkey for getting in the nooks and the crannies. but as elvis presley once said, "too much monkey business." it's time now to turn to the story that has set the pundit-sphere a-bu

. >>> jeff bezos' company, blue origin launched its rocket today launching several nasa experiments into space. take a look. the new shepherd blasted off from west texas this morning hoisting a capsule containing the experiment. they exposed to fumes and weightlessness before it parachuted down. the launch completed the rocket's fourth space white and blue origin's 10th test flight. >>> that will do it for kpix5 news at noon. remember we are on 24/7 on cbsn bay ar >> bill: you're telling me to stay away from steffy? >> liam: no. i'm not. but, dad... [ sighs ] all right. you're right. all right. you're right. i'm sorry. i'm sorry. i just... i know you're just concerned about steffy, but there's a lot going on, and let's be honest. you can be a little... a little you, okay? and i'm worried enough as it is. >> bill: about steffy. >> liam: well, about her doctor. >> steffy: i mean it. thank you for being here, for getting me here. >> finn: you're welcome. >> steffy: and listen. i know liam doesn't show it, but... he's thankful. >> finn: i know he has issues with me, but i understand.

percent rise according to the reports now some fortunes have risen even faster amazon founder jeff bezos has personal wealth balloon this year from roughly $115000000000.00 to more than 200 $1000000000.00 so who has the most billionaires the u.s. leaves with $788.00 china's next with $342.00 and then germany is the european leader with $119.00 now in contrast the whole continent of africa has 20 billionaires and for more on this i'm joined now by my colleague with business kate ferguson she's already at the table kate good to have you with us. why is it that the rich are getting richer and should we be concerned that this is happening this isn't really a new trend at all the rich have been getting richer and the poor poor for quite some time now and there are a couple of reasons for this one of them is that over the past few decades and this is a global trend the rate of talks of the super wealthy in paying has actually fallen and the argument for this is that it boosts innovation and it creates jobs but the effect is that these super wealthy individuals have a whole lot of money to play

amazon ceo jeff bezos announced earlier this week his foundation will open its first preschool calledezos academy big deal netflix has been running a preschool in my living room for months president trump addressed the national catholic prayer breakfast yesterday in a prerecorded speech of course, if he was catholic, he would have been reassigned to a new country by now according to a new study, hawaii is the happiest state. that story again, hawaii is the state furthest away from the rest of america. the makers of reese's candy announced yesterday they will be offering peanut butter cups with pretzels, which is frankly more helpful than anything the democrats are offering and finally, "rolling stone" magazine has released an updated list of the 500 greatest albums of all time. "but i haven't made 500 albums," said kanye west. and that -- you guys, that was the monologue. we got a great show for you tonight. oscar-winning actress alicia vikander is here to talk about her new film "the glorias. plus, the creators and stars of "pen15," which is back for its second season on hulu. it's s

jeff bezos company is testing lunar landing for astronauts and may put astronauts on the moon by 2024. the ride took about ten minutes today including more than 1 million tomato seeds to be given to school children around the u.s. and in canada. in just a few months, we've learned a lot more about the covid-19 virus. it's real. and it's dangerous. so, on behalf of all of us working on the front lines, please take it seriously. and while we don't yet have a cure or a vaccine, we do know how to keep you and your loved ones safe. wear a mask. wash your hands. stay six feet apart. do your best to stay out of crowded spaces. and get a flu shot, it's even more important this year. we can do this. if we do it together. >>> we have new list of the best places to live from the group real estate u.s. news which looked at 150 cities across the nation and one area made the top ten in the by the way area. san francisco is there for its businesses and tre 29th and san colorado. this is a rare sight. it is a triple breach when three whales jump out of the water in succession and happened on sunday a

ing i think awc will be independent, but i think bezos will decide to spin it prophylactically. stocks aren't really getting hurt, and i think it's because investors think, well, that's fine, i'd own separate great companies instead of one great company. you've also made the ca case this is more than economic, that there are actual societal benefits to breaking up. you hinted at it before with the alex jones on youtube or whatever. can you get into that a little bit more? why would instagram versus facebook be better than instagram being part of facebook? >> well, if instagram has incentive because of more competitors to not, to insure or that certain types of content or maybe age restrictions or identity don't result in our teen depression doubling, if you talking about has incentive -- youtube has incentive to be a better citizen. the legitimacy of our elections has been questioned because the largest media company or platform in the world, facebook, continues to be weaponized by bad actors. they have no real reason to clean up their act because we don't seem to want to regula

the ceo jeff bezos expects the growth to continue predicting an unprecedented holiday season. >>> not as many americans getting their java from starbucks. but the java giant says people are starting to return to its stores. it announced a better than expected profit of $393 million and a 9% drop in year over year sales. analysts expected the numbers to be worse. starbucks says it is serving fewer customers these days but they tend to order more than just one drink. that's your cbs money watch report. for more head to cbsmoneywatch.com. at the cbs broadcast center, i am diane king hall. >>> sin mark will reopen movie theaters in san francisco and santa clara counties. no popcorn for you. concession sales are still banned. fans will be treated to a mix of new releases and so called come back classics like jurassic park. surfaces will be sanitized on the regular, seating will be staggered and capacity will be 50% in san francisco and 25% in santa clara county. >> the capacity number doesn't much as no food and beverage. we are very anxious to have consistency with dine in restaurants as

and pricewaterhouse coopers king of the billionaire class is who else amazon founder jeff bezos has personal personal wealth ballooned from roughly $115000000000.00 to more than 200000000000 dollars this year the u.s. is the main billionaire hotspot with the number of $788.00 china is next with $342.00 and germany is the european leader with $119.00 billionaires seems like it is a good time to be rich of the month and it is to china and the annual golden week holiday normally sees millions of people travel internationally but this year due to the bend they are staying in china the country's tourism ministry said $425000000.00 people traveled within the country during the 1st 4 days of the holiday week alone that's $425000000.00 ticket sales from china's biggest online travel portal shows that local tourism is already back at 80 percent of pre pandemic levels china hasn't reported any local coronavirus infections for business . and as china's gold we call the days are drawing to a close i asked our correspondent so what's on hand in taipei what we could learn from the economic figures during

launch and return humans to and from earth safely touched down in texas, thanks to amazon founderjeff bezosook banned posts that distort or deny the holocaust after a successful campaign led by survivors of the nazi genocide. the chinese city of shenzhen has handed out ten million yuan in a pilot of its mobile—first currency. 50,000 citizens received the equivalent of around £20 to spend in local stores. bbc micro bit, the pocket—sized computer used by millions of children worldwide, has just announced its first major tech upgrade. initially rolled out in 2016, the device now comes with: a speaker, a microphone, artificial intelligence and machine learning capabilities. scientists have built earpods that can monitor muscle movements to translate facial expressions. researchers say these could turn important facial cues into avatars, emoji, or speech commands in remote work or learning environments. and finally, who wouldn't want an army of tiny robot artists? in a world first, researchers have shown how robot swarms can follow instructions to create art in real—time. yes, they say the bots,

murder was mocked in a high profile vigil attended by the post's owner and the world's richest man jeff bezos a monument was placed just yards from the saudi consulate store a place for people to pay their respects for the slain journalist who was not afforded even the rights for a proper burial a saudi official still refused to disclose the whereabouts of his body or his remains. only this year's anniversary is being marked with the launch of the organization which will he was setting up before he was killed dawn or democracy in the arab world now it was this type of work his advocacy for freedom and pluralism that earned him the wrath of saudi crown prince mohammed bin son man jamal was perhaps the arab world's most famous political exile in saudi arabia try to silence we will give a voice to thousands like him who struggled for change in their countries while his friends and colleagues have succeeded in continuing his legacy through the launch of drone there's been little success in the fight for justice. after initially denying they killed him saudi arabia then pushed the narrative that t

support for prop 22 before they accept a rock this is actually an idea they're developing for when jeff bezos runs for president in 12 years rather than go out and campaign he's just going to remind the 75 percent of the country that will work for amazon by that point to make sure to vote for him if they want to get paid on time at the beginning of october residents in southern california were inundated with yes on 22 mailers that appeared to have been prepared by some surprisingly left wing sounding groups with names like progressive voter guide council of concerned women and feel the burn i think i know what feel the burn means but council of concerned women that sounds like a group founded to rehabilitate the name karen according to an investigation done by s.f. gate all of these organizations just like the benefits they claim workers will reap with prop 22 are totally fake despite all the fanciful promises and wacky distortions these companies make proposition 22 is really about something quite simple making sure good workers don't become full employees who are paid regular wages receive

murder was marked in a high profile vigil attended by the post's owner and the world's richest man jeff bezos a monument was placed just yards from the saudi consulate store a place for people to pay their respects for the slain journalist who was not afforded even the rights for a proper burial a saudi official still refused to disclose the whereabouts of his body or his remains. this year's anniversary is being marked with the launch of the organization which will she was setting up before he was killed dawn or democracy in the arab world now it was this type of work his advocacy for freedom and poor ism that earned him the wrath of saudi crown prince mohammed bin son man jamal was perhaps the arab world's most famous political exile in saudi arabia try to silence . we will give or use thousands like him struggled for change in their countries. while his friends and colleagues have succeeded in continuing his legacy through the launch of dawn there's been little success in their fight for justice after initially denying they killed him saudi arabia then pushed the narrative that the journal

create this ai agent and apple let that die in the brian amazon it was built by a merchant and jeff bezos is much more aggressive in understanding how these agents and that's that's like a text editor compared to a full color con we're it's a survey we're in we're not even at the beginning stages of the agent era that we're talking about it doesn't require new technology to be invented it requires companies to destruct themselves so if you are in the business of say m is on selling goods or google selling somebody is context and information the world that i'm talking about doesn't look so pleasant because it's quite disruptive it's to shop there because you have 100 percent agency and control over your content and context and that becomes a problem and like all technology disruption it's only come out bigger. roger going to be groups of people building this stuff for their own gain and for their own entertainment like steve was an act then steve jobs the immigrants and ultimately it will start taking its place but the old age is already over nobody's downloading apps as much anymore we've

went into massive debt for many years to become the world's biggest retailer and it paid off and jeff bezos is the world's richest man but this time america went almost into similar debt and before it's all over probably equal if not more debt but without any payoff there's no way that there will reap any reward to this because they are hauling themselves out after world war 2 the us was intact the rest of the world is in shatters here the us is in shatters and the rest of the world is on a relative basis in different layers and levels of being shattered and it becomes kind of a battle of the most shattered and in that battle the us is not necessarily got the best poker hand it's mazing that to me that the timing of this new bretton woods talk comes at the exact same time debt levels in the u.s. work where they were during it just after world war 2 so when you get into those huge debt levels and you need a reset you realize your paper funny money is no longer valuable you need to appeal to the globe now we were essentially america's tapping out or tapping out and saying we need a reset and

murder was mocked in a high profile vigil attended by the post's owner and the world's richest man jeff bezos a monument was placed just yards from the saudi consulate store a place for people to pay their respects for the slain journalist who was not afforded even the rights for a proper burial a saudi official still refused to disclose the whereabouts of his body or his remains. colleagues this year's anniversary is being marked with the launch of the organization which will she was setting up before he was killed dawn or democracy in the arab world now it was this type of work his advocacy for freedom and poor ism that earned him the wrath of saudi crown prince mohammed bin saddam on general was perhaps the arab world's most famous political exile in saudi arabia try to silence we will give a voice to thousands like him struggled for change in their country. while his friends and colleagues have succeeded in continuing his legacy through the launch of dawn there's been little success in their fight for justice after initially denying they killed him saudi arabia then pushed the narrative t

murder was mocked in a high profile vigil attended by the post's owner and the world's richest man jeff bezos a monument was placed just yards from the saudi consulate store a place for people to pay their respects for the slain journalist who was not afforded even the rights for a proper burial a saudi official still refused to disclose the whereabouts of his body or his remains. only this year's anniversary is being marked with the launch of the organization which will he was setting up before he was killed dawn or democracy in the arab world now it was this type of work his advocacy for freedom and pluralism that earned him the wrath of saudi crown prince mohammed bin son man jamal was perhaps the arab world's most famous political exile in saudi arabia try to silence we will give a voice to thousands like him struggled for change in their countries while his friends and colleagues have succeeded in continuing his legacy through the launch of drone there's been little success in the fight for justice. after initially denying they killed him saudi arabia then pushed the narrative that the j