amazon ceo? >> guest: that's a good one, eugene. time to ask you to go first. look, i mean, i think a lot of it might actually have to play out. i think we'll see some kind of antitrust case against amazon in the years ahead. i think we will see regulation as governments try to grapple with some of the paradoxes of the amazon model. the fact that it's a platform for sellers and a seller, the fact that sells private l products in competition with and sometimes using the data of some of its independent sellers. the stories that sellers are telling out about amazon are not uniformly good. there's a lot of consternation they are. and we look back and look at our rockefeller, that's colored a little bit by the government action. but let's acknowledge that and say acknowledges the legacy that is still not yet completed, and might have some asterisks next to it. but we will put that thought aside and say, and give jef and say it's likely with the passage of time that a lot of negativity is going to fade, and will be lt thinking that someone who revolutionized business

brings the paper and argues people are buying things from amazon once every other week but at walmart or at kroger they are going there multiple timeseek to buy food that customer relationship even though it is a low-margin creates a strong bond with the customer and if they ever get into the amazon business to do e-commerce that could be dangerous and disruptive jeff said it made me think he begins to authorize more ambitious and projects and investments in groceries so they expanded fresh it doesn't work they tried prime now delivery service in new york it expands but my sense wasn't always lost money they introduced to the ago store the cashier no grocery store then he thinks of the land rush and the long-term opportunities you ways that groceries was a long-term opportunity but then google introduces google express insta cart becomes popular then finally he realizes it is a land rush you have to get serious whole foods was in trouble being attacked by activist investors and now amazon is opening up its own supermarket all over partly thanks to the pandemic online grocery shopping has caught on. so by virtue of his experience and

amazon should. >> the first thing i would like to ask, the timing of the book and that of becoming the perfect timeish a book about amazon given just bezos stepping down in a couple months but can you tell us your thinking behind coming up with the book? >> sure. and of course i did not have any idea just bezos would leaving as ceo of amazon. i started this in the beginning of 2018 so the list of things i didn't know about, think it was just being announced and it played out in the early research, jeff's personal saga, his divorce from kenzie, the tabloid over his personal life, that happened midway through my research and i was writing during the pandemic, an extraordinary time when amazon already about the growing company basically was given injection of steroids and moved to the center of debate over how it treats its workers in the safety of the workers during covid so it was all a surprise. the reason i wrote the book and decided to do another amazon book which i'm sure you can appreciate being run for punishment, i was proud of the everything store yet it occurred to me over the years it was

the at amazon time to day we train pushes. so you just go on your met. hey, below your shoulders. then you go to on your fits, then your chest is moving to the floor and then you push up again, down and app. if that's a problem, no problem at all. we go an hour nice and then we do exactly the same. so you go down and push up, your arms are next through chest with trend your shoulders, your chest, your stomach on. of course you should do just as many reps as you can so i can do maybe to read. next week i just try to increase my ribs. so i try to dupe 3. that's all from this week's episode of in good shape till we see you again. take care and stay healthy. ah, with you. ah. the only way i can be on the top is to create my own empire, discover stories for all those i own way. just to click away. majority the destination, right? find out they still can make trees with the full subscribe. now i can name tree. what making the headlines and what's behind them. d. w, news, africa. the show that was the issues shaping the continent. life was slowly getting back to normal. yeah. well the st

amazon for instance, is that they simply hide to many people. they're expecting the good times to continue. and now the consumer demand is going down. and now they're having to lay off. but another reason is the macroeconomic situation rising interest rates and these are not unrelated to each other publicly listed companies are not able to raise money from the market at such favorable terms anymore. and startups that are be funded or finding it much harder to raise funds from b c. so in order to extend their runway and make sure that they make it through to the other side of the looming recession, they're having to cut costs. how much of this is also done to misjudgment by, on the part of the management? you said, of course, about that the, the over hiring during the pandemic. but we are used to hearing people like l on mosque, amongst talk about make pronouncements about the state of the tech industry in the state of the tech in the world and almost getting it right most of the time. but this seems to be significant misstep. what's going on? yes, so it is significant. this is

more than 11000 employees from its worldwide had kind of 87000 twitter has cut about half a stuff amazon times to cut jobs to and the list of companies trimming the workforce is growing. it's not just in the u. s. tech start ups in asia and africa have been cutting their stuff to meta chief executive. mazacco was blaming the company's rapid expansion and said he's got it wrong. invested billions of dollars in the so called met of us pitching it as a virtual reality future in which people will work exercise and go to concerts. tech fund received a layoff of partly because they just hired too many people on twitter. you want to, you know, must says his freshly acquired company could face bankruptcy. or joining us from oxford is a really little theater. he's a professor, the oxford internet institute is also author of the book cloud. empires, how digital platforms are overtaking the state and how we can regain control. thank you very much indeed for being with us. what's changing in the market that's forcing these lay offs, the tech companies? so one reason is obviously the overreach during the p

he just says time at amazon was done.nk we can acknowledge and you wrote a good story about this, the turn over -- well, amazonav has always been somewht known for having high turnover. the velocity of people moving in and out of fulfillment centers in the lower ranks of the company is extreme. they voice said upper echelons the loyal extreme and that has changed, more people are leaving.g. i heard a joke will call it the jeff exit, so many people named jeff have left, blackburn as well, just blackburn and another senior executive. whether it's because stock prices have gone up in their wealthy or is it easy it's become a big unmanageable company and the bureaucracy is to be feared? it's a hypothetical, or they just disappointed in the media scrum of 2019? they lost a little bit of faith? auto but we have to acknowledge the old-timers and amazon are moving aside and it will be a challenge the company because it is a difficult and weird company to navigate and there are a lot of newcomers in positions of ioinfluence so it

and what i want to ask you all to do is to take action for the amazon my time is up but i want you to go to amazon watch .org. and take a pledge to protect the amazon and stand with indigenous peoples. and just if you remember anything of what i've said today i want you to remember that. the best way that we can protect the amazon is by standing with indigenous peoples and if we protect the amazon. and if we protect the amazon we will protect our climate. and we will not reach that tipping point and we will have hope for our future generations so where you stand with me. that stands. okay.■x■x■ this is "focus on europe." i'm lara babalola. welcome. the war in ukraine is escalating, after moscow fired a barrage of missiles on areas far from the front line in ukraine. fear and uncertainty have now returned to places of relative calm and safety. the latest attacks hit several civilian targets. russian president vladimir putin says the shelling is retaliation for the explosion on a key bridge linking russia to the annexed region of crimea. even though it is still unclear

pull back, big tech companies need to reevaluate the cost of doing business, and i guess it's the amazon's time today on this reported cost-cutting review. neil, back to you. neil: thank you, lauren, very much for that. lauren simonetti. charlie gasparino is here looking at the, i guess we're still waiting for so many districts, states and all this other stuff -- >> and we've got a runoff in georgia which could decide it all. and you have an interesting cpi print today -- neil: right. >> i don't get it, 7.7% inflation is good? neil: i guess when -- [laughter] they were looking at 8.2% -- you're right, i hear you, but they're leaping on -- >> it's crazy. i mean, it's a broken market. it reminds me, this happens on the downside too. in 2009 everybody was looking for reasons to sell. dow went down to 6,000 even though it was clear the fed was going to print money. it was going to, the banking system was going to be saved. it's the same thing here, they're looking for reasons to buy. and i'd be really careful if you're the average investors. on top of that, you have an unsettling political situatio

this time amazon plans for record job cuts.tte has that story and more in today's "moneywatch" report. >>> the markets lost ground as there had been reports of big gains. hopes had started to rise that inflation may be easing. the dow lost 211 points, the nasdaq slid 127 points, and the s&p 500 sank 35 points. >>> amazon is preparing for the largest layoffs in the company's history. multiple reports say as many as 10,000 employees will lose their jobs as soon as this week. the online retail giant stock has plummeted 40% since the beginning of the year. >>> another hit for crypto trading site ftx. federal prosecutors in new york are now reportedly examining what caused the company to collapse and how it handled customer funds. financial investigators in the bahamas where ftx is based are also looking into what happened. >>> and ralphie's house is going on sale. that is, ralphie's house if there the movie, "the christmas story." the iconic house where the film was made in cleveland, ohio, is now a museum and bed and breakfast pai

obviously the amazon as a source of extensive bio diversity, many of the medicines we've developed in recent timescome, for example, from plants that grow in that unique environment. but, when it comes to the climate crisis,the amazon is one of the most important carbon sinks on the planet. it sucks carbon out of the atmosphere and it buries it beath the ground in its root systems and in the leaf litter. so it is very -- it's a very important way that the earth system has to moderate the concentration of co2, of carb dioxide. and when we destroy rain forests, when we d forest, when we burn wood, when we clear it, that puts carbon back into the atmosphere. so, there have been some estimates that if we continue on the course that we have been on in recent decades, then the amazon rain forest will go from being a very important carbon sink, that is taking carbon out of the mosphere, it will become a source, adding to the net carbon pollution. so, it's critical that we reverse course and stop the continued destruction of this very important component of the earth system. >> that his entity because bra

weeks as you know, there have been thousands of layoffs and this week even more are expected this time at amazon the new york times is reporting approximately 10,011,000. amazon employees will be let go abc7 news reporter lose. pena has been covering tech layoffs and has the latest on what this means for the economy blues. yes, it seems like new week new tech layoffs amazon's layoffs are sent to impact 3% of corporate employees. these cuts would be the largest in that company's history. i spoke to an expert who explained why we have to keep a close eye on these layoffs. the wave of tech layoffs continues up next amazon planning to lay off approximately 10,000 employees according to the new york times. we haven't seen these kinds of trend simultaneously maybe ever certainly not in the last 20-25 years. it's not easy to pin, you know the explanation for particular problems on any one thing. we've been through pandemic. there's global inflation. there's a war in ukraine and and energy disruptions in the last couple of weeks twitter laid off approximately half of its workforce meta more than 11,000

every time red line you got to pounce, got to pounce, got to pounce, always right. that's when she thinks that it's a great setup. exactly what we had in amazonhat did we get we got one of the greatest rallies i've ever seen in my life more importantly, every time amazon pulled back in 2020 you can savely safely buy the dips e out like a bandit but it gets people killed in 2022. check out amazon's daily chart boroden points out it's almost the exact opposite of what we were looking at in 2020. amazon made a series of lower lows and lower highs forming a clear negative pattern see? lower, lower, lower, lower the stocks below both the 200-day, that's this one and it's 50-day, that's this one, these are crucial for moving average trigger the five-day versus 13-day is in bear mode. this crosses that, okay. it's under note the 13th day this is terrible take a look at that. everything that could be wrong is wrong with this stock and boroden knows this chart does not support buying the dips she thinks you take your life in your hands after you do that even if the stock is e viserate. there is one more thing she's looking at here. she likes to take p

the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to a report from the new york times. the cuts at amazon are said to be concentrated among the corporate workforce and it's devices organization. as the headlines, the news continues here on al jazeera, after witness. the news ah. oh . sauce sister julie reached me. she normally do still muted the thought of the energy. patricia moment good. you put it with the with the she got no, there was agreement at and i for him to slip my essay claim of the chena grades to go to so i think she only jonathan is not up. wouldn't die julia or bracelet that i'm on nicholas. somebody hall garza? what missouri i used to buy it. so what to put the road that is or what the spot for with these new things. yeah. with no no, no familiar with them. oh it's our stop. get it, my gosh, you might want to a fish, jim aka dora below just please don't say her again. go there. the purity of civil beasley. gus is e suited with gus or see plenty to let the mobile bomb bomb wish this judy should do good at the bombers out of your printer, give you anoth

now, you'll get it back over time as people realize that they get better prices, but it's a painful transition. now, with amazony dropped our prices 3 times, and we're going to keep dropping them, so amazon is a net-- that's another great benefit of the merger for us. we are getting more and more price competitive, and amazon is willing to be patient and let that play out over time. rubenstein: so a couple years ago, you had, as you wrote in your book on conscious leadership, a hedge fund, kind of an activist hedge fund came along, and they were agitating for a higher price, and ultimately, you looked at some alternatives, and one of them that seemed the best was selling to amazon. is that right? mackey: that's correct. we had-- the activist investors jana partners wanted to-- i met with them, and they basically said, "we're going to take over your board, "and we're going to throw you out. "we're going to sell the company, "so why don't you just save us all a lot of anguish and just let's just agree to do that?" so, of course, we didn't want to sell the compy to the highest bidder, and we had to think about our

the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to the new york times. the cuts that amazon are said to be concentrated among the corporate workforce and it's devices group and support is up to news. yes, world cup squad were out in force on monday as the team bus arrived at a hotel and katara capital, doha hundreds of supporters welcome the team for what will be their 6th world cup. their 1st match is next tuesday against denmark. well those are the headlines and it continues here now to 0. after hours they were world state you then to watching . ah ah a hiss is with some of them with with my bessie then about my interview with with with a little bit of a show me a new before. is it not digit or got any that may be a new mr. brennan have caught up really called on the bill, but was he up? would you flip on all fair on fail unless, you know, does he bought on political or does it, but is it deeper in blue and blue until the initial, say, bill garcia said you submitted? no, he wants to generate a little bundle of them sort of dc. well, the bush or drug w

apple and -- so if you stop vitting, you would have missed the two great it's investments of all time amazon, google and netflix were just getting started so there continues to be during these pertains of market collapse and economic volatility, a entrepreneurial economy that continues to invest, continuing to build companies, continues to create new products and services, and i continue to invest in them >> glenn hutchins, agreed to talk to you today. >> by the way, don't miss the interview. same sam bankman-fried will join mea colleague later this afternoon >> for the alzheimer's therapy they brace down results. we are in session highs right now. sgleet we'll be right back ♪♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family... ...or passing down the family business... ...or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? ♪♪ these days, just tell us - what'

we talked about amazon and the concerns amongst their employees not for their first time, the amazonouse workers. there is now across 40 different countries angst, anxiety, and forms of protest from warehouse workers. royal mail workers as well. what is happening in terms of the workers as they look to higher wages? andrea: that is going to impact because i think this will be a robust black. if consumers see news of the strikes and are worried about their orders, they may well hold off from shopping. that is the sort of double-edged sword because if they hold off, they might shop when there are not bargains. some people will stop shopping altogether. trouble is black friday tends to kick off a promotional season. once you go into discount, you do not go into full price again. while there might be some affect from people shopping later, there will not be much of that. the biggest danger is people seeing that my order is not getting to me and i will not shop. tom: how much of this is about retailers trying to shift that inventory buildup? how much of that will be shifted , or are they

will work to look like to we want it to be amazons model where people, health is put to rest each time they go to work. do we want it to be amazons model, where people feel under pressure so much and under constant surveillance that they feel they have no choice but to quit their jobs on the turnover rate is a 150 percent a year. and that should tell us a lot people, no matter what amazon is paying, just are not able to endure working here. ok, so what kind of stance is amazon lucky to take over this, that when they came in, why say today is an important day because you're seeing a common message from workers all over the world. and um, we're getting the attention of the world making amazon pay day. i think that in itself creates a lot of pressure on the company. and it also shows that people are willing to work in coordination, amazon or so. now, one union, one country is going to be able to change amazon, but when we work in solidarity with each other across national boundaries, change is possible. okay, we'll have to leave it there to apple, them live for a sat in new york. thank yo

. $47.00 people, the online retailer, amazon's wanting to lay off around $10000.00 employees. that's according to the new york times concert amazon are said to be concentrated among the corporate workforce and it's devices group. it follows a wave of job cuts across the technology sector in the us. so those were the headlines that he's continues here on al jazeera after generation football stadium . thanks for watching bye. for now. a new series exploring how traditional knowledge from indigenous communities is helping tackle today's environmental catastrophe. we see how the melanesians people of the torah straight of fighting rising sea levels which threatened to swallow their islands 1st nations frontline, the torres strait swallowed by the sea on al jazeera. ah welcome to generation football. coming up, we find out what's happened to afghanistan, youth women's national football team since they were granted asylum in portugal in 2021. how is the full effect of their lives and what are their hopes for the future? mickland kit, danny walker. nick thought it would bush him, but 1st is going to life off to football f

we need to start with the amazon news today, moving higher in the last few minutes in the wake of "the new york times" story, which just broke, reporting the company plans to lay off around 10,000 employees they're not the only big tech name talking about cost cuts today. apple shares trading lower after ceo tim cook confirmed reports of hiring slowdowns at the company, saying the key to success isn't keeping costs low but investing in the business correctly. take a listen. >> we're being very deliberate on our hiring. that means we're continuing to hire but not everywhere in the company are we hiring. we believe strongly investing for the long term. and we don't believe you can save your way to prosperity. we think you invest your way to it >> as for the times, jon, the times does say the total number remains fluid, but if it stays around 10,000, roughly 3% of corporate and less than 1% of their global workforce, obviously, more than a million >> yeah, i think the timing here is important this is happening right before the biggest week or two of the year, of the holiday shopping season and amazon sh

lisa, the suspect is a student the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to the new york times the constant amazon are set to be concentrated among the corporate workforce and then it's devices group. it follows a wave of job cuts across the technology sector in the us. of santos ra was our technology analyst. he says, many tech firms. the downsizing are expanding rapidly. during the pandemic, they need to come back. demand is slow, revenue growth is slowing, and they just need to adjust to the changing times at this point, which is what they're doing. all of them across the board, all the tech guys. in some cases, it's very specific to the companies in twitter case, you're saying must totally overhaul the whole company. he's just pricing and dice and the whole company and come up with a new business model. so he's, in the case of facebook, it's more self inflicted. they want to go into metal worst. they hired those to i think, live 10000 people, mostly in the european union. i think they're cutting back quite a few of the, quite a few of those metaphors people. so i think it's

cut jobs. >> amazon is set to lay off 10,000 corporate employees starting as early as this week, representing 3% of office staff as the company faces slowing online sales after boom times for e-commerce. amazon has already instituted a hiring freeze after acknowledging it had over-hired during the pandemic. the news comes in the wake of 11,000 layoffs at facebook parent company meta. >> there has clearly been a massive drop off in growth that we have seen across the tech indury. i think it speaks to what we are seeing with consumers. big companies have to react to what is clearly a significantly slowing environment. >> regulatory bodies in the u.s. and worldwide are investigating failed cryptocurrency exchange ftx which declared bankruptcy in the wake of a bank run. that was spurred by report that ftx and its parent company were dangerously intertwined and short on cash. the crunch quickly escalated to insolvency after its chief rival announced it would be selling its holdings of ftx's proprietary digital coin. ftx's ceo has been replaced by the lawyer who once oversaw the $23 billion bankruptcy of texas energy trader and run. there could be up to one million creditors

>> this is the first time amazon had an international strike day and look at two strike days and theerspective and i'm focusing on the latter and potential ramifications regarding wage inflation and that's what one amazon is fighting for here and higher wages and do workers still have the leverage for higher wages as they did one year ago before the fed really started focusing on getting rid of job openings and job openings was the leverage point for demanding higher wages and that aspect is again and bottom line, if these workers can get traction, it's stickier and this could affect consumer growth and spending moving forward and could have an affect on market and profitability for corporations. >> dagney: that's a concern for the federal reserve is even though this didn't start with wages that the inflationary pressures could continue with a wage price spiral. i just looked to this -- the rail strike and increase in pay that the rail workers are demanding and is potentially on the horizon and could push the federal reserve to hike interest rates maybe at a clip investors aren't exp

amazon the next company after meta and twitter laying people off. all of this happening right up to the holidays. >> this morning, more holiday woes for the tech industry. "the new york timesits workforce, the biggest layoff in the department's history. >> so that was actually the "today" show producer, and that was -- >> it happens. it happens. we are in the midst of election coverage. >> yeah, things get tricky. i will pick up from there. what we were saying is that the situation with amazon is two-fold, right? you have a decade of the tech companies surging and there's a connection going on and that's why you are seeing some of the layoffs. with amazon, remember, during the pandemic, that's all people were doing were ordering off amazon, and now the pandemic breaks and people are changing their habits and they are actually going to stores and then you have inflation. and people are just simply buying less. on top of all this, and this is interesting, you have jeff bezos with his $124 billion fortune has come out to say he will give the vast majority of that to charity, and you have to wonder if people losing their jobs at amazon, how they are feeling about that? >> when

barbara al jazeera london, the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to a report from the new york times. the cuts at amazon are set to be concentrated among the corporate workforce and it's, and in its devices organization, it follows a wave of job cuts across the technology sector in the us just last week. facebook's parent company meta slash at least 11000 jobs terrain in cos. santa rao is a technology analyst and the head of research at the merchant bank manhattan venture partners. he joins belie from new york. santano, thanks for joining us. let me ask you 1st, how you prized are you about this reported news of plans to lay off 10000 people at amazon. not surprised at all. thank you for having each not surprised at all. this is just a continuation of right sizing that's going on. there was a lot of hiring that was put forward a demand for these companies ended up or hiring just to meet the demand during the pandemic. and that's, that's what you're seeing in the case of amazon, you're seeing right sizing in the warehouses. you're right sizing the devices where the demand is down or e

time. can we tie anything back to the new ceo? >> these are the deepest cuts that amazon experience in this industry --history. the context is they want at the size at this time and in the first two years of the pandemic period, and amazon hired almost a million people. the difference is the input cost headwinds are continuing to climb and andrew jesse was known for cost discipline. it didn't just impact the retail e-commerce business but started to impact the bottom line of aws and that started to erode margins. you are seeing a response that an unwinding of mega-growth -- that amazon went through. kriti: we have been having you talking about strife and meta. >> there is a week it -- a weakness in e-commerce and less interest in ad supported businesses. you listen to the venture capitalist and all of them will tell you that with a recession on the horizon, now is the time to make decisions around cost discipline to freeze hiring. one area we are interested in is cryptocurrency and the kind of meltdown relating from ftx. it is a big employee and many of those names have g

are burning it. >> do you think -- maybe they can go. >> amazon has deep pockets, about as deep as you can get and that the -- is that the timezon to buy them, or ford? >> i'm not sure where ford guess that money. >> that's true. >>> we've got a news alert out of washington. the president making some comments about elon musk ka kayla touch has the details he spoke about the upcoming meeting with president xi and spoke with the continuation of aid to ukraine it was his comment about the international deals of elon musk in his acquisition of twitter that made these newsworthy remarks. >> i think that elon musk's cooperation and/ortechnical relationships with other countries is worthy of being looked at. >> specifically about the large share holding from the saudi government and whether should be a security review of the acquisition or of musk himself, and he spoke as you heard rather oblique by about that possibility but suggesting there should be an when they addressed this before they said any position national security review of this deal is not true. it's not hamming and when there was a follow-up question as to what kind o

in the world with that size and scale a singles day was flat that was $85 billion that is two times amazonson sales the company, i would say with jd.com, the company is certainly going to witness fastering growth than alibaba. i would expect growth at 15% over the next three years. the company sales are not growing as fast, but i have not looked at recent earnings results. the net services line is growing faster i think my focus here is the free cash flow of both businesses which is how to the value a business >> so, sid, we have a few moments left here. let's take us through. the opportunity that has happened over the last year or year and a half in chinese tech stocks getting beaten up has created opportunities. what are your favorite picks what is the most attractive in china tech >> certainly the stock market is expensive. i police of i prefer alibaba the closing price in the ipo it is still trading close to ipo levels the warren buffett indicator for gdp ratio in china is 55%. in the united states, it is close to 150%. my top pick is alibaba for the fact that it is aligned with the ch

the online retailer, amazon is planning to lay off around $10000.00 employees as, according to a report from the new york times. the cuts at amazon are set to be concentrated among the corporate workforce and in its devices organization. as the headlines, the news continues here on al jazeera, after a sense of community. thanks for watch. on counting, the cost is germany too. dependent on china is the economic reliance. i've a blank, the developing world calls on please just to pay the climate bell at top $27.00. and diana is balancing in oil, blame, honest threat to the and by canceling the cost on al jazeera. ah, welcome to the hebrides, scotland ah b. i took him to reduce a chain of islands of the west coast of scotland. ah valley sparsely scott so spectacular. cedar with the on the beach on the sea could look absolutely beautiful. caribbean blue with any tool snit community. everybody knows everybody with or not with challenges. there. population has half done the last 60 years. we don't have enough people to walk all the jobs that are going here. it's a really alarming said audio that we've got a populati

the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to a report from the new york times a cuts at amazon not said to be concentrated among the corporate workforce and it's devices group. it follows a wave of job cuts across the technology sector in the united states. so those are the headlines. the news continues here on al jazeera, after the stream stage, with them watching data on counting. the cost is germany, too. dependent on china is the economic reliance overblown. the developing world calls on uses to pay the climate bill at top. 27 and guyana is balancing an oil boom, honest threat to the environment. counting the cost on al jazeera with high on semi ok. thanks for watching the stream. by november, the 15th, there will be 8000000000 human beings in the well, that's according to a projection by united nations. so some questions that i have. how do we respond to being one in a 1000000000? how will, how do we maintain a decent quality of life for all of us? and then what happens after 8000000000 humans in the world? those, the questions i have for an expert pedo. i

most job cuts seen at amazon in history of the company according to a report from the "new york timesin -- areas that are perhaps not so profitable for amazon we saw signaling from the "wall street journal report"ing last week this could potentially come and comes in the same couple of days disney, for example, implemented a hiring freeze, too. seeing more and more of these companies begin to, going back to jeff baezos comments early. batten down the hatches. >> again, right before the holidays. >> timing cannot be overlooked. >> and now hire 50,000 people for other jobs seasonable jobs at the warehouse and then laying off -- i get it. got to right size your business, but wait until january 2nd or something. ahead of the holidays. >> tricky. beats all the layoffs in general in tech. >> or too much hiring during the pandemic we'll find out morgan, see you tomorrow >> yeah. >> see you tomorrow, all right. >>> that does it for us here thanks for watching "power lunch. "closing bell" starts right now. >>> stocks have been gaining steam pulling back in last hour following the best week for

naturally, i want some of the gains that amazon have made over the last few days --they will be facing increased costs. it is a critical timen. are they willing to withstand a strike and not given to workers? or will they give into the higher wage increases? i have a feeling it might be the latter. manus: yes. certainly. there are a number of strikes planned around the world. let's close off with a view on -- i say bring back queuing up massive crowds of people at front doors, not mass hysteria years ago on black friday. it is forever? >> what we have seen at springboard is that since covid has ended, the pandemic has finished, there has been a huge return to stores. shoppers are very keen to shop in stores. online trading is only slightly higher now than it was before covid, likewise in the u.s.. people clearly favor stores to buy products. whether or not we will have the long queues we used to have, that is a portion --, that makes it more comfortable for people to shop, and more attractive proposition to go out and it is not quite so stressful. i think definitely, the results we have seen, definitely store shopping is he

and people who try to poke holes in apple's app store business model over the years, epic, amazon, google, at times is this time any different is this just an attempt to get some leverage? >> look, i think there have been many voices, jon, as you suggested, spotify among them as well, and there is a legal process ongoing in the u.s. and in other countries where apple is being challenged legally about its position as the guardian of the app store. i think ultimately this will play out in the courts and musk is adding to others' frustration with the rates being charged by the app store. i think this really is largely a question about what is the fair rate in app developers' minds because clearly apple is providing a service. they're providing access to, you know, 1.5 billion devices in their install base and enabling someone to reach out and to sell effectively to those customers they clearly deserve something, much like amazon deserves something for vendors who place product on amazon's site the question is, is 30% the right rate it's actually 30% per subscription in the first year and 15% thereafte

if you want that, find a reputable place, amazon, walmart, target. every time think and you click that link, you are allowing potentially spyware and malware. slow down, take a breath. if you are find it from a reputable place it will save you the bucks. dan: coming up on this special elysian of "unfiltered." after the endless mandates on masks and school closures. dr. fauci's time at the white house is coming to an end. >> the record will show we didn't recommend shutting everything down. i recommended to the president that we shut the country down. dan: welcome back to a special edition of "unfiltered." the woke won't stop until we conservatives take a stand. while some medical schools are scrapping the mcat the american bar association is making the lsat optional. why? inclusion, diversity, and all the buzz words. joining me is someone who refused to wow to the mob during covid. this stands dangerous mixing wokeness with medical training. i have a golden rule which is don't get dead. i just want you to be a good doctor. >> imagine you are being wheeled back

alphabet is the relative discount play here, it's around 16 times forward earnings. it was 26. amazonwas, again, 96 at the highs, and tesla is 39 times, down from just around 157 at the highs of the year to give you an idea of the context, remember, the nasdaq 100 trades at roughly 20 times forward earnings now, we took a look at some of the other forward pe stocks for the nasdaq 100 among some of the highest is murcotta libre, also crowdstrike which is about 85 times forward earnings and zscholar which trades at roughly 107 times forward earnings all that can shift around as analysts change their views. if you're curious, guys. about what some of the other higher valuation nasdaq 100 stocks are, just head over to my twitter feed i have posted the highest 25 valuations in the nasdaq 100 over there just to give you an idea of context, you can check out that particular piece of data back over to you >> i'm glad you bring up the cybersecurity names. we mentioned at the beginning of the show, those are some of the hardest hit in the market and you tell us why. the forward pe multiples sti

stuart: amazon's market cap closed below a trillion bucks yesterday for the first time since 2020, andhat amazon's stock is down 20% in five days. would you touch amazon at 95? >> i would. you know, if your time horizon's long enough, i see no issues buying amazon here. however, i think you'll get a better opportunity to buy it lower. the writing's been on the wall for at least the last three quarters. if you've looked at the gdp prints as they come out and you actually look at consumer spending, consumer spending has been positive over the last three quarters, but it has been negative when it comes to consumer spending on goods. so consumers have shifted their spending preferences over to services. a lot of pent-up demand in travel. so the writing's been on the wall. stuart: so you wouldn't touch it until it goes a little bit low lower. >> i think it's got further to drop. stuart: would you buy it at 90? >> i'll nibble. [laughter] stuart: a new poll shows 71% of voters think the economy's heading down the wrong path. the economy looks like it's the defining issue in this election, and

. >> apple and amazon are influencing hiring freezes. apple is causing hiring full-time employees through september of next year. amazon is causing hiring for its corporate workforce. the company had halted new hires for retail jobs with the latest freeze affecting other types of businesses. >>> paul pelosi is back home after being released from the hospital. nancy pelosi's office says her husband remains under doctor's care as he recovers from the attack. the suspect in the attack on paul pelosi is due back in court this morning, this comes as documents released showing david depape may be in the united states illegally. he crossed into the u.s. as a temporary visitor in 2008 and did not leave. documents show that he had a list of targets beyond speaker pelosi and that includes other high-profile politicians. striker lori smith the former santa clara county sheriff found guilty on corruption and willful misconduct, stemming from allegations that smith mismanaged jails , traded weapons permits for campaign contributions and lined on campaign-finance forms. voters will ch

the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to the new york times. the cuts at amazon are said to be concentrated among the corporate workforce and in its devices organization. so those were the headlines. these continues here now to sierra after counting the cost states, you've been selected enough over flowing with passion, but desperately under resourced trach. national football team has never qualified for the africa cup of nations. all the world cup al jazeera world asks, what will it take for the squad to find success? poor wilbur t. v for ever sideline judge football dri. on al jazeera i lay my money inside. this is counting the coastal now desert, your weekly look at the world of business and economics. this week, almost half of all european investments in china come from germany. the chancellor is on the pressure to cut back on business with beijing. but is this country too dependent on the chinese market? also this week leaches should pay compensation for the damage caused by climate change. that is the message from developing nations. at

if you want that, find a reputable place, amazon, walmart, target. every timeon't think and you click that link, you are allowing potentially spyware and malware. slow down, take a breath. if you are find it from a reputable place it will save you the bucks. dan: coming up on this special elysian of "unfiltered." after the endless mandates on masks and school closures. dr. fauci's time at the white house is coming to an end. >> the record will show we didn't recommend shutting everything down. i recommended to the president that we shut the country down. the virus that causes shingles is sleeping... in 99% of people over 50. it's lying dormant, waiting... and could reactivate. shingles strikes as a painful, blistering rash that can last for weeks. and it could wake at any time. think you're not at risk for shingles? it's time to wake up. because shingles could wake up in you. if you're over 50, talk to your doctor or pharmacist about shingles prevention. (jennifer) the reason why golo customers have such long term success is because the golo plan takes a holist

broadly for technology, it has been a rough year for big tech stocks, meta-in particular, amazon had a tough timee seen the acquisition of twitter by elon musk, is the technology sector, will we see more fallout or is the worst over? >> it is cyclical because they grew so fast during covid, their services were in more demand than they had been previously. they over hired and that will fix itself. jerry: always a great read, thank you for joining us. that is it for this week's show. thanks to all my guests and the panel and to all of you for watching. you can catch me every friday on the wall street journal at large on the foxbusiness network. we hope to see you next week, have a great weekend and see you then. moderate to severe eczema still disrupts my skin. despite treatment it disrupts my skin with itch. it disrupts my skin with rash. but now, i can disrupt eczema with rinvoq. rinvoq is not a steroid, topical, or injection. it's one pill, once a day, that's effective without topical steroids. many taking rinvoq saw clear or almost-clear skin while some saw up to 100% clear skin. plus, they fel

amazon wasn't able to be more flexible? i was package is definitely profit. it was a time to exclude is a lot of people. new job is that amazon was the only company open for people to come in and i haven't traveled spot, so it's no interview for amazon. you apply what you get the job. so amazon use a myself to come in and abuse us during colby voices and a lot of public support for unions, which is really interesting about where we are in 2022 days. when you're reporting about labor unions and, and labor disputes, what are you getting the sense from what sent you getting from the public in the united states about how supportive they are. of these big companies, some of them big companies and workers organizing their which is really a david and goliath situation. i a little person. thank you. on a big company and many little companies around the country. how does the public be happening? so we know from annual polling that the gallup polling entity does every year, they measure the public satisfaction or dissatisfaction with labor unions. and right now it's a decades long high, you know, the approval of u

his family enjoyed shopping in town but protests across the world by amazon workers wondering if they would get their gifts on time this year. >> >> amazon workers in over 40 countries, including here in the united states, walking off the job on black friday demanding higher pay and better working conditions. here's one amazon worker in new york. >> we cannot tolerate the way amazon operates we must make amazon pay. >> nor'easter the amazon strike nor the looming railway strike appearing to slow president biden down today. he had lunch at a local restaurant called brotherhood of thieves and then did a little shopping, including in a local bookstore. the white house apparently tweeting its response to the protest. supporting working people is how we continue to build the economy pro-act to help workers unionize and achieve a $15 anyone mum wage. while inflation remains at near 40 years high slightly from this summer. proof the president says his policies are correct. >> and our approach, i believe, is working, it's going to take time to get inflation back to normal levels. >> critics say with christmas exactly one

the spotlight that we needed on the reality of working in an amazon warehouse and how de-humanizing it is. one of the things i stress >> full-time for one final question.e >> that come withs a raised cost burden on the people who are then producing and not necessarily hungry but dependent on o systems like amazon or wal-mart to get basic chloric needs, what mechanisms do you suggest to support them when the government may not be able to subsidize them but the only exceptable food is cheap and often and nonnutritious.g goofed prices have been artificially lowered because we're not paying the full price and we look at what the impact is of current going practices where we're p destroying land ad it starts raising questions still because on the one hand, the challenge is moving with hunger and it's incredibly -- it's an incredible challenge and one that plagues us and how do we do so with one that's dsustainable in our communitie? >> we've had a wonderful opportunity to learn about the responsibilityty.

points at one point, chief global economist, great to have you here >>> next here on half time, tech in trouble amazon and alphabet hitting new lows and the semis under pressure we'll debate what's next on this trade and on the back of that decision half time back in two minutes. at fidelity, your dedicated advisor will work with you on a comprehensive wealth plan across your full financial picture. a plan with tax-smart investing strategies designed to help you keep more of what you earn. this is the planning effect. with gold bond... you can age on your own terms. new retinol overnight means the smoothing benefits of retinol are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. >>> all right, welcome back to half time report tech getting wrecked once again microsoft, amazon, and meta all hitting new 52-week lows carrie, i'm going to come over to you we're seeing the performance the name i left out here is obviously apple. >> right, you know, apple's holding up very well and it's been an amazing performer relative to

the online retailer, amazon is planning to lay off around $10000.00 employees. that's according to a report from the new york times. the cuts at amazon are said to be concentrated among the corporate workforce and it's an in its devices organization. it follows a wave of job cuts across the technology sector in the us. just last week. facebook's parent company mehta slashed at least $11000.00 jobs to raymond course santos rao. is a technology analyst and the head of research at the merchant bank, manhattan venture partners. he says, many tech firms are downsizing after expanding rapidly. during the pandemic. they need to come back, demand is slow, revenue growth is slowing. and they just need to adjust to the changing times at this point, which is what they're doing. all of them across the board, all the tech guys. in some cases it's very specific to the companies in twitter case, you're saying must totally overhaul the whole company. he's just striking and diving the whole company and come up with a new business model. so he's, in the case of facebook, it's more self inflicted, they want to go into metal worse. t