of worldwide consumer at amazon and he started to. we doing in response to news that bernie sanders was going to visit best summer to support the workers he often calls amazon the bernie sanders of employers by which he means you know it's a progressive workplace and they actually deliver a progressive workplace so they're different from sanders at sanders you know is all talk no action and he mentioned that amazon workers have health care and that they have a $15.00 minimum wage and so he really seems to be bernie sanders his visit to bessemer that set off this sort of meltdown that if these tweets had come out maybe even $29000.00 like i don't know if they would be getting as much tension as they are right at this exact moment people are kind of looking at these now with sort of new eyes before pandemic the thought of the worker at amazon was maybe not as center stage as they are now i think that is probably the big difference now also the unionizing effort i mean like that just brings another layer of like attention to them i can't

from the business model that amazon has perfected and propagated. you know they're the ones who are responsible for this sort of just in time production and they get people hooked on it and so it starts and stops with amazon the company itself. this past week the world health organization released the findings of an investigation into the origins of the corona virus just how free were w.h.o. investigators to do their work in china how reliable are their findings not sure rob has been following the story nina 1st off on the origins of covert 19 are we any closer to an answer. in a word no the w.h.o. report says the virus most likely jumped from animals to humans and it refers specifically to the wildlife food markets in the city of one it also says it's extremely unlikely that the virus was leaked from a lab the report does come with caveats though the w.h.o. as director general says that investigators faced issues with access and independence when they were working in china and that there is further investigation required 14 countries led by the uni

more than 70% of votes were in favor of amazon.ow much should we read into this employees recognize that, hey, compensation and benefits are actually pretty good at amazon, relative to the rest of the sector >> yeah, we should read a lot into this. it does feel that amazon is indestructible right now i mean, find me a company that handled a union drive worse than amazon did over the past few months they had employees, you know, basically sending photos of them peing in bottles on the job. the workers have come out and provided that proof. and yet they crushed the union in this effort it really just goes to show you that the state of american labor right now is pretty weak and amazon -- that was the biggest challenge to them. were they going to change the way that these fulfillment centers work and it doesn't seem like that's going to be the case anytime soon if you're amazon, you're in a pretty entrenched position right now. >> yeah, i mean, you have a point. there was peegate, traffic lightgate, mailboxgate, so many pr missteps. t

the last week and over the weekend you saw amazon specifically publishing particular center where i. am on a lot. of convention or p.r. wisdom is that this was a bad idea. hello i'm richard gere's bird and you're at the listening post where we don't cover the news we cover the way the news is covered here or the media stories we're examining this week message in a bottle amazon goes under the microscope over working conditions and the unions drive to get employees organize. the world health organization releases a report on the origins of the coronavirus findings that raise as many questions as they answer well read the talking heads and the bookshelves that just credibility plus a traffic jam in the suez canal through the suez gongs looking pretty heavy no we're going anywhere we have a full report. we begin with one of the world's biggest technology driven companies amazon and the workers in alabama who have just voted on whether or not to unionize the votes which were mailed in due to the pandemic are still being counted but if those employees choose to join a union theirs will be

it's pretty clear amazon isn't the worst place to work. if you need to have a warehouse entry level jobs, there's worse places to work than amazon good on them they are moving the needled and let's hope they drag along a certain amount of that part of the economy with them. but is it enough i'm still not convinced. >> we'll find out. very provocative notions about aws and we'll see how the labor structure evolves over time.

line we had to bring me have a great leadership and amazon also pushes its messages through t.v. it's created an anti union website for its employees and bombards them with text messages telling them to vote no the company declined to be interviewed but provided us with this state amazon already offers what unions are requesting for employee industry leading pay comprehensive benefits opportunities for career growth via ability to communicate directly with the leadership of the company nowhere in that state to amazon acknowledge the grievances employees have raised about their work environment and the surveillance technology used to monitor their every move as for their ability to communicate with management reporters who deal with amazon employees say that's not how they see it on the warehouse full. this is a classic lie and every company uses when trying to fight a union. they paint the union as a 3rd party that's going to come between you and the manager or a working people has been devalued for a long time said jennifer bates is one of the workers at the bessemer warehouse w

looks like amazon came away the winner. >> what do you make of the fact amazon is a company, they haveently increased the minimum wage and their side of the campaign is we provide good jobs we plorovide good wages. why pay union dues if you have this is it likely there are other companies that could be vulnerable if they didn't have that side of the argument to really push here >> yeah, leslie, when you think about amazon, you have to see what we're looking at is we saw that employers and workers were not happy in some cases. elderly folks worked there and mentioned things that could have been changed but we're seeing management is actually realizing this we see from jeff bezos, they are hearing the issues but we saw jeff bezos spoke out about admini administration's policy. so management is realizing this is a real issue they want to get a foothold in front of now that's aside from the investor standpoint if you're an investor, we're happy and especially younger people are looking at it this is somethingyou want to take a strong look at and for management, they are doing that but it's

boom bustle of business show you can't afford to miss time rachel love and in washington coming out amazon could be on the verge of facing its 1st union avar as a massive company is hit with even more antitrust allegations from small businesses who say it's time to stand up to the giant corporation a lot of european regulators are now saying there could be a link between astra zeneca covert vaccine and rare blood talk. back seen prices continues and the same agency withhold that google from spot may be then the stock market may be ready for the buy in ministrations new $2.00 trillion dollars spending plan but corporate america says it's not ready to help pay the bill well discuss it all that we have a lot to get to so let's get started. amazon is steps away from what could become the company's 1st ever union as votes are counted in alabama this week and while amazon has pledged to resent every legal challenge possible it is now getting hit with a new campaign from small businesses who are calling for one of the largest companies in the u.s. to face accountability for antitrust violations a

and all we're seeing is amazon repeat that history. excellent points to consider herr professor richard roth thank you so much for your time thank you. the vaccine crisis in europe continues as the region's medical regulators announced wednesday that there is a possible link between astra zeneca is coated vaccine and the rare blood clots that were reported in less than 100 cases out of more than 20000000 doses of the shot that were administered. safety committee the for the good that you do it's in risk assessment committee of the european medicines agency has confirmed that the benefits of the astra zeneca back c. in preventing qubit 19. outweigh the risks of trying to fix the problem after and a very in-depth analysis has concluded that there are 3 cases of unusual. following vaccination with the astra zeneca vaccine should be listed as possible side effects of the vaccine meanwhile the same agency continues to hold its approval from russia sputnik me instead of claiming it plans to launch an investigation next week and whether clini

first and foremost of those would be amazon and the leaders of amazon herself.to be their customers. amazon has always said that they are always customer centric and thatis always customer centric and that is what they aspire to be and what their customers need and what their customers need and they defined their customers as and consumers who are buying products or watching videos on their properties, as well as small businesses that sell on their platform online. and there are aspects of the platform off—line and business customers who buy web services. and then of course they will be the influence of regulators as they are always has been. my best guess would be all those constituencies will help shape the future of amazon. 15 it constituencies will help shape the future of amazon. is it not a bit disingenuous _ the future of amazon. is it not a bit disingenuous to - the future of amazon. is it not a bit disingenuous to say that l a bit disingenuous to say that amazon is customer centric because that would suggest that its demand based product but a lot of th

amazon warehouse ended with the majority of workers voting no. 738 workers at amazon's bessemer, alabama, warehouse voted to unionize, while more than twice that number against.y but the battle is not over. the retail, wholesale and department store union that le the drive says amazon illegally interfered in the vote, and it plans to file unfair labor practice charges with the national labor relations board. activists and progressive leaders including bernie sanders praised the organizers, who they say will inspire similar actions at workplaces across the country. we'll have moren the amazon union efforts after headlines. coronavirus cases continue to soar across much of the globe. india has overtaken brazil as country with the second-highest number of confirmed infections after reporting a record 169,000 positive tests on monday. india's total cases are now at 13.5 million, second only to the united states. in brazil, a new report finds 19 million people have gone hungry during the pandemic, with nearly 117 million -- over half the population -- facing some level of food insecurity. hos

you compare that with amazon, amazon has lagged those two major indices year to date.underperformed the nasdaq 100 and the myc faang plus index. come with me into my bloomberg and look at this chart. all of the vote going on with the union and amazon. bottom line growth was pretty incredible and you can see their quarterly net income. they put in focus how amazon has grown and therefore, the working conditions at some of its warehouse and fulfillment centers. that is the question, what is mark mahaney looking really interested to hear that. that is the discussion for investors, where will growth come from for amazon. aws and the cloud has been such a big story around us working from home in covid. you have the questions, why don't you ask them. emily: indeed, i will. ed ludlow, thanks so much. facebook, but when it comes to amazon, some have a strong outlook of growth on the retailer. mark mahaney has the companies as one of its top picks. he goes on to say the company is probably the single best internet asset and i want to bring in senior managing director mark mahan

it environmental police patrolling the amazon-— the amazon.rst time | this has ever happened. none the amazon. it is a first time i this has ever happened. none of us are out in the field. last ear, us are out in the field. last year. 4200 _ us are out in the field. last year, 4200 square - us are out in the field. last year, 4200 square miles i us are out in the field. lasti year, 4200 square miles of year, a200 square miles of forest was cleared — a 12 year high. those involved in illegal deforestation often believe the government will parted their actions. — — pardon. it is notjust the amazon under attack, the neighbouring wetland is burning as well. last year, 50,000 is of this unique ecosystem was lost in the biggest failures ever recorded. this woman has a charity that tried to rescue wildlife during the failures. —— fire. a source in the environmental police told us the government ordered them not to attend the fires. the resilient government describes these claims as lies. once the trees had been cleared, the land is often used for far

there being pressured by amazon to simply start selling on the amazon marketplace as third-party sellers. i got the local governments in these schools say it will just buy from you on amazon. that means a course amazon's going to take a 15% cut at least from that transaction and that middleman transaction. will get routed little to the one click said that direct interaction between office-supply the local office by company and the buyer. the business owners have talked about how much that bothered them not just the cut there losing but they just knew that this new arrangement was going to cost the community in terms of tax revenue. the gristle that holds the community together. such a big part of what's being lost right now. >> there are two movies that came to my mind during the book. if you join american factory and. [inaudible] bridget going to love this book. there's a very aversive statement, fulfillment this idea of the winner takes all. and that motto. that model is indivisible we cannot do anything about it, just the way it is. take it from a quote we say things like amazon behav

and that is amazon. another product of baltimore the wire is a series of human stories change the political economy in a system of winners and losers and how institutions have failed, whole groups of people. so tell me how you found your people in kind of come about some of the people in this book. tell us sort of why they are good vehicles for understanding what is going on in the united states right now. make sure. to keep going as we'll find the people in society and places. i wanted to have certain cities there were hyper prosperous cities that were struggling with the prosperity than left behind in town is very clear what my cities was going to be cl is clear from the outset. the city had been utterly transformed by the company. and i knew i wanted to write about washington d.c. because it was also to me and very classic example i wanted to write about the baltimore divide and i went to pick pc from a city even though amazon did worked up very nicely. baltimore no wanted to write about because i liv

but this was a special time for the amazon.brazilian government made stopping the destruction of the rainforest a priority and rates of deforestation were falling dramatically. a few years later, i received an extraordinary invitation. helicopter blades whirring. well, after years of neglect, the brazilian government has finally decided to do something. we are flying into a base camp they've set up just outside the indigenous reserves, and that's where they're operating from. and from there, we're going to go into the forest. it was like flying into a kind of forward base in afghanistan or something. you just thought, hold on a second. the brazilian government, it really means business about protecting the awa. when we went back to the village, suddenly i started seeing all these familiar faces. katou? i think that's hello. hey, hello. i remember you. very good. yeah! but the best one was pira'i. 0h! no. we went into his house and he came out with a bit of string and waved it in front of me. not again! i've been tricked once, i

all eyes on amazon and twitter amazon is up 0.4% as we approach the close.after the bell s&p 500 up two-thirds of 1%, the dow up a little more than that, z 0.7%. it's a little off its session highs which were hit about half an hour ago. it was up 260, 270 at its highs. the nasdaq up 0.2% and the russell down 0.4%. we do have bitcoin below 53k and the 10-year yield pushing up to 1.64 at the close. at the close, sara, we are up two-thirds of 1% on the s&p, zmt 7% on the dow and 0.2% on the nasdaq >>> record closing high there for the s&p 500. another strong day on wall street welcome back, everyone, to "closing bell. i'm sara eisen along with wilfred frost and mike santoli take a look at how we finished up the day on wall street. the dow gaining 242 points, near the highs of the session had a nice final hour of trade there. for the week we're pretty much flat week to date. keep in mind we're going in one last trading day of the month of april. we are set for the strongest month for stocks since back in november s&p 500 closes up about 0.7 of a percent and clos

nevertheless, amazon up now by 0.5%. guy: we are also getting the budget details coming out, the skinny budget if actively being delivered by the biden adminstration. the biden adminstration is seeking an 8.4% fiscal year 2022 budget increase. that takes the number up to $1.52 trillion. the headline this dropping on "the new york times" is worth bearing in nine. basically, an increase in terms of the budget for fiscal 2022. the money just keeps pouring into the economy in terms of the physical process being delivered here. it is going to be interesting how the politics works around all of this. i continue to follow mr. manchin on that front. alix: so $14 billion in climate change investments, for ev and charging stations. that is a pretty interesting one as well. also, biden is now creating a commission to study expanding the supreme court. it is interesting because that has been sunday discussed once you had president trump at the last justice on the court. the real issue is how much more of that nondefense spending is

the elections and we know that amazon funds are jeff bezos funds the washington post so you see amazon finding these people and criticizing voting laws in georgia and criticizing him for election process but the 2nd has anything to do with their pocketbooks they do a $180.00 degree turn and so so it's just the irony of what's happening here is just so be contradictory to what amazon's actually doing well some people say irony is some people say in the end i think it's the voters and the workers that lose out thank you so much for joining us both of you. thanks guy. when we return our biden has about a commission to study possible expansion other the supreme court and will he do it before his executive orders on a gun control or challenge we're going to give you the 360 viewer right after the break stay tuned. to the industry prefers to me spend millions of you know the. reconditioned says he's all about making money making profits in some of the corporations international markets import export do you imagine the number of printing diseases that are in every community it is new due to n

big, big numbers for amazon.full rundown is straight ahead. >>> twitter shares crushed despite better than expected results. we'll show you how the company performed in the quarter mostly devoid of some guy named trump of his tweets. >>> another big day for earnings we hear from chevron and exxon and bring you the first interviews with executives from both it is friday, april 30th this is it you know what's next sell on main go away. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc

but this was a special time for the amazon.azilian government made stopping the destruction of the rainforest a priority and rates of deforestation were falling dramatically. a few years later, i received an extraordinary invitation. helicopter blades whirring. well, after years of neglect, the brazilian government has finally decided to do something. we are flying into a base camp they've set up just outside the indigenous reserves, and that's where they're operating from. and from there, we're going to go into the forest. it was like flying into a kind of forward base in afghanistan or something. you just thought, hold on a second. the brazilian government, it really means business about protecting the awa. when we went back to the village, suddenly i started seeing all these familiar faces. katou? i think that's hello. hey, hello. i remember you. do you remember me? very good. yeah! but the best one was pira'i. 0h! we went into his house and he came out with a bit of string and waved it in front of me. not again! i've been t

amazon sailed past amazon -- estimates well twitter tumbled. chinese regulators

when jeff bezos says amazon - amazon behind it?says amazon would be happy with a higher corporate tax rate, if you means, i am happy with that because we're not paying anything like the statutory rate anyway. amazon and the others would have to pay that minimum statutory rate. i think it would change the way that amazon competes with small domestic businesses. who can't take advantage of these profit shifting opportunities. i think this will be a real shot in the arm for competition. as much as anything else, we will see markets move better because we have read in the disproportionate power some of these big companies like amazon have. ., ~ these big companies like amazon have. . ~ ,, these big companies like amazon have. ., ~' ,, , these big companies like amazon have. . ~ , . ~ have. thank you very much, alex cobham, have. thank you very much, alex cobham. joining _ have. thank you very much, alex cobham, joining us _ have. thank you very much, alex cobham, joining us from - have. thank you very much, alex cobham, joining us from

>> i'm not worried about amazon.t doesn't affect anything i do on a daily basis or the investments we make -- >> what about -- >> sorry go ahead. >> what about the tax base, i know you have investments there, building a quiet presence in financial services, payment technology on the cutting edge, about to roll out new technology to whole foods stores, potentially license it out, whether just walk out or palm technology that doesn't make you think twice? >> no. paypal is still doing well, square, stripe is doing well, affirm doing quite well and these are the companies that i'm invested in. >> okay. then keith, is there anything about any of the big tech companies that you think that they could go into some of them are trying to get deeper into the health care space. i mentioned payments do you think new businesses will be difficult for them to make strides given sort of the antitrust issue as well. >> one of the reasons i'm not worried about large tech companies, they don't hire the right people that can create new b

amazon, everything seems on trend.case from here, and i ask because just today the stock nosed above where it traded on september second it's been swais. it doubled in the year before that what now valuation-wise gets you excited based on the numbers >> yeah. like you said, they crushed the first quarter numbers. and everyone was concerned about the q-2 guide. that was better than expected. q-2 is the first quarter of a lapping the pandemic search from last year. revenue guide was strong 28 % growth at the high end. that was above us and the street at high teens growth and then the op income guide was huge at the high end, 20% above the street so we did raise estimates price target from 4400 m implies 30% up from here i think we need to continue to sustain growth i think it should get the stock moving the stock has been inching up the last couple weeks. we have a lot of up side for the price target, and we expect it to be a strong year for the company. >> and aws, again, it was strong growth, but maybe in line with wha

site in case it suggested amazon was directly involved in collecting the votes if the n.l.r.b. accept the union's complaints the election could be rerun or the results could even be overturned and the union certified however amazon has dismissed any concerns in a statement it says it's easy to predict the union will say that amazon won this election because we intimidated employees but that's not true amazon didn't women our employees made the choice to vote against joining a union long time observers of labor relations in the usa they are w d s u is partly to blame for the results. this is the birth of this huge national movement solidarity extremism workers the so sweetly chicago got on a well strike what went wrong was they didn't build enough support. and so they tried to rush this and so now i think what we have to do is build a new movement of amazon workers nationwide co-incident long term labor because argue that the history of union organizing in the u.s. has always been a gradual process facing as it does such powerful opposition the r.w. d.s.u. says it's received ove

the awa live deep in the amazon rainforest.people on earth who still try to live as traditional hunter—gatherers. wow, the village... i really felt that they welcomed me in. we felt like we had a real connection together. i'm not going to dress like that, no. laughter. pira'i was probably my best buddy in the village. he was the one that instigated most of the jokes. you know, towards the end, we went on this big hunt with them that took two or three hours. when we got back, everybody was really hot and sweaty and they got to this lovely waterhole. and i thought, "yeah, ok, i'll go swimming" and itjust seemed right to take my clothes off. laughter. then they played a trick on me and it became clear that they were trying to, essentially, dress me like they dressed to hunt. laughter. you don't want to see it. laughter. it seemed they lived an idyllic life. but when i asked my new friend pira'i about what life was like when he was growing up, i learned just how traumatic things had been for the tribe. this community that, at that

the elections and we know that amazon funds are jeff bezos funds the washington post so you see amazon finding these people and criticizing voting laws in georgia and criticizing him for election process but the 2nd has anything to do with their pocketbooks they do a $180.00 degree turn and so so it's just the irony of what's happening here is just so deep contradictory to what amazon's actually doing well some people say ironies some people hypocrisy in the end i think it's the voters and the workers that lose out thank you so much for joining us both of you. thanks to you. when we return our biden has unveiled a commission to study possible expansion other the supreme court and will he do it before his executive orders on a gun control our challenge we're going to 3 thinks of you right after the break stay tuned. the world is driven by dream shaped by. the dares thinks. we fear to ask. some explaining the ugly truth of what's happening in america so you've got these tens of trillions of dollars worth of debt and having to 50 trillion dollars worth of debt which is just another way to

unionizing or not you know she has we've all seen and read the stories about how hard amazon workers have to work time toilet breaks that kind of thing you know the story of being an amazon employee behind the headlines on the face of it however it would appear that most of the workers in alabama who are employed by amazon quite happy with that. well it depends on how you interpret these results yes i was there just 2 weeks ago we were talking to workers and the word you kept hearing was dehumanization of being expendable there's such a high turnover of staff and i was on warehouses at one point during the pandemic in november i guess they were hiring $2100.00 workers a day it's quite clear to the workers that the that if if they step out of line of anything they do displease amazon in any way they can be fired i was talking to a diabetic woman who said that she doesn't want to even check blood sugar levels because you feel she will be fine because every minute you're not packing a crate or box for and i was on customer you are being judged and you're in and it's going down badly wit

amazon has a -- alabama has a right to work state. we did see house democrats last month pass the pro act and elements of that pro act that are embedded into this infrastructure proposal from the biden administration, as well. part of that process actually i think would move to strip the right to work provisions away. are we gearing up for a bigger, broader, more federal level push to see more unions or to see the ability of more workers to create more unions right now >> i think there is a push towards getting an elagantarian set-up the act was created to level the playing field, to give equal opportunity for workers to have a free choice in the selection of their representative. when franklin dell nor roosevelt pushed for the nation allay boar relations act the idea was since corporations are free to structure their corporation and select their officers and managers, workers should have the same ability to do the same thing. the election process as it has evolved involves now a lot of employer interference. president biden stated th

amazon and twitter earnings out. more on that and u.s. stocks across the board which rose to a record on thursday. quick screen on the screen when it comes to major averages. you can really see that is kind of a diversion. the s&p 500 higher, a lot of that thanks to big tech, even though they did not lead the indices higher, probably underperforming, but there is a diversion in the index, housing versus the nasdaq. i want to go overseas and show you that is not the case. when you look at the golden dragon index on a three-month timeline, tech trading sideways, maybe some marginal gains. monumental losses in this index. this is the one that has jd.com, alibaba, so that story is a big narrative in china now. stateside, the boards one more time, semiconductors. emily, you talked about that shortage. it is important to note that was part of the dynamic for caterpillar, apple, about how it could hurt their business to the downside. that helped semiconductor stocks. that demand story is not going away. you are seeing in the biotech index, some

we are sticking with amazon. let's take a deeper dive. let's bring in long time amazon veteran, melissa. huge numbers. lots of momentum. i wonder if this is the last quarter they will have that boost. what happens in the next quarter? melissa: this, i don't know if it is the last golden quarter, but starting q2, that will get harder. a very fine line item in this report, they mentioned prime day would be in q2 this year. that is an interesting data point. they are able to pull forward demand to q2 to help them, similar to what they did before. emily: that is interesting, moving prime day to june. do they need prime day to meet those numbers? melissa: absolutely. they are looking at comps year over year, and the only way to drive that demand is to move that event, like they did last year for q4. usually it is in the middle of summer, a dead month, so that's why they did that, last year, they moved it from july to october to move forward demand. they are using prime day to drive demand. that is impressive. emily: could advertising pick up s

when i compare amazon versus apple, amazon had years of investment in losing money, which steals themfor years to. come. -- shields them from taxes for years to come. 21% to 28 percent is not as much of a threat for amazon and apple as it would be for u.s. only company. lisa: -- even though they account for much smaller subset of actual sales. something like $15 billion of revenue. i wonder how much room there is to expand given some of the competitors, specifically microsoft, that are gaining a lot of clout. jonathan: i think microsoft is gaining but the story in 2021 for aws is amazon intentionally scaled-back usage for travel and leisure companies to help them save money to manage the pandemic. as we have the reopening and the economy rebounds, the travel and leisure companies will accelerate their spend on cloud computing, including aws. that will benefit them more than any competitive pressure from microsoft. lisa: this is for tom keene. why didn't they do a stock split? tom: for tom keene. i have followed the internet long enough to remember that in the late 1990's all you had t

the elections and we know that amazon funds are jeff bezos funds the washington post so you see amazon finding these people and criticizing voting laws in georgia and criticizing him for election process but the 2nd has anything to do with their pocketbooks they do a $180.00 degree turn and so so it's just the irony of what's happening here is just so be contradictory to what amazon is actually doing well some people say irony some people say hypocrisy in the end i think it's the voters and the workers that lose out thank you so much for joining us both of you thanks guy. when we return are biden has a valid a commission to study possible expansion other the supreme court and will he do it before his executive orders on the gun control or challenge we're going to give you the 360 viewer right after the break stay tuned. and when else seems. just don't. get to see it just comes out to. and in detroit it looks betrayal. when something is find themselves worlds apart we choose to look for common ground . i'm explaining the truth of what's happening in america you've got these tens of tril

we will have the latest and amazon's response. it is on track to be one of the most successful fund launches ever, the architect space etf which gained $500 million in its first five days of trading. the story of wework's rise and fall, including controversy around its founder. the story captured in a new documentary that investigates its origin. we will talk to the filmmaker behind it. all of those stories in a moment, but first, stocks climbing to another record as investors focus on prospects for an economic rebound. >> as the screen shows, it was a strong weak overall for the stock market. the s&p 500 and nasdaq 100 both ending higher and this was the third week of gains in a row for both of those benchmarks. chips had a good week, lagging a little bit, but still positive. it was your faang names, the start of the show. that index up 4.6% -- 4.8%. we have seen a big rebound in this sector. the nasdaq 100 closed at a new record today and there is a rocky road getting there. the index went negative on the year in march, but rebo

amazon's jeff bezos weighs in.peaking of amazon, the vice president of the company's cloud-based services will be among our guests wednesday in bloomberg tactics special -- bloomberg tech special, "chip crunch." we will examine the global surprise shortage and talk to ceos at nearly every stage of the production process, we will speak with the global foundry ceo and covering the chips shortage from all angles in our special, wednesday. this is bloomberg. ♪ ♪ emily: the tax plan president biden laid out will likely hit attack and to pharma particularly hard. -- hit tech and pharma particularly hard. the challenge for legislators will be to minimize loopholes that could diminish the impact, according to tax experts. i want to bring in bloomberg's laura davison who has been covering this in depth for us. what stands out to you? laura: tech and pharma have had the run of the tax code for a couple of decades. they have had all of the tax breaks advantages to them and they have had the flexibility because they were large

this is a great trade for amazon.e is nothing, but something they manipulate and $2,000 will end up in jeff bezos' pockets and this is a great trade for amazon. >> all right, then and a great trade for amazon is certainly a great trade for the guy that owns 17% of the company. scott, always good to see you. >>> before we go to break, i have to share some heartbreaking news. this morning we are mourning the loss of a fierce force of a woman who you saw many, many times on this show throughout the years. our dear friend midwin charles. she's passed away. her family says they will miss her for a lifetime. so will we, and as we honor her and her extraordinary life that was cut too short, i want to let her share her own words and tell you why she was unapologetically proud of the woman she was. >> both my parents are from haiti. i am first-generation american and when my parents came here they did so like most immigrants looking for a better life and they've done an extraordinary job in raising two daughters who contribute

everything is controlled by amazon, the route is set by amazon, the workload is set by amazon, the mileagetime constraints or the customer is not in, then i think they base your ratings on eight or nine different ratings, because if you don't deliver parcels, your ratings come down, so you are monitored all the time on every aspect of what you do. and what happens if your ratings continue to fall? the logistics firm will just get rid of you. lay you off? yep. and that's quite easy to do? oh, it happens all the time. the turnover of staff is phenomenal. drivers attend an amazon training day. they usually exclusively deliver for amazon and it is an amazon app that tracks and monitors them in their vehicles. and yet, remember, because they are self—employed, they don't have company benefits, they don't get sick pay, they don't get holiday pay and there is little recourse, should the company decide that their services are no longer required. the supreme court unanimously dismisses the appeal from uber. this isn't an issue about amazon alone. all manner of gig economy companies are grappling wi

amazon best lead. the way. they live right in the system. activists accuse the online retailer amazon of coercing workers into voting against forming a new. color that whether slouchy set fire across the arabian peninsula for the next few days further north something of a change going on there we've got some lively storms in the eastern side of the mediterranean some wet weather some blustery showers rolling across cypress into that western side of syria the lebanese mountains could see some wet weather possibly some snow over the high ground and the chance of some snow there into central and eastern parts of turkey yes again that wintry mix will make its way a little further east which as we go on through sunday started to see the temperatures picking up around the arabian peninsula once again doha getting up to around 36 celsius and 19 in kabul but the chances of wintry flakes into northern parts of afghanistan pushing towards the far north of pakistan further south of this generate dry that dry weather coming down across the malia if you