. >> we had a chance to talk to andrew jassy here and on tech check. i wonder as a long-term investor, how you frame amazon's ambition now to be the world's best and safest employer that implies investment over time do you thinks that a worthy investment and how are you warding off that stock >> i think it is good business in an esg world where people can more easily communicate in a world where social media can help or hurt you, i think it is good business and the right thing. i think when you look at the company, they've been investing for 25 years from the time they went public. and and how that company is actually doing and being managed. >> lost in the results was amazon's return from some of the other big tech names like amazon and google it will keep a return and not be man dating in your view, is this the right move >> i wish i knew i don't think that's an amazon question i think that's an economic and health and policy question >> other companies are making this decision on their own when it comes to mandating the vaccine. >> i think that will

bezos at the helm would be quite an understatement he is now passing the torch to his aws chief andrew jassy one at amazon monday kicks off a new era, new ceo in andy jassy, new guiding principles, fresh challenges jeff bezos created some $1.7 trillion in shareholder value over the past two-plus decades through relentless customer obsession in the start up in mentality, even as it became one of the biggest companies in the world, he stayed true to that. jassy begins his reign with a softer approach, empathy and a goal of becoming earth's best employer those two principles were added to amazon's leadership principles yesterday and as the company has more to obsess over than customers these days there's its growing work force, labor activists, regulators, and lawmakers scrutinizing its size and influence. as always there are still investors looking for ever more growth at a time when amazon is facing more competition than ever in cloud, and ecommerce sales that are set to slow post-pandemic. bezos as executive chair he will still be involved in all the major decisions but it will fall on andy

for what's next for amazon >> while it is almost day one for amazon, monday kicks off a new era, andrew jassyresh challenges jeff bezos has created share value over the past decades and a start-up mentality that persisted even as it became one of the biggest companies in the world. jassy begins his reign with a somewhat softer approach empathy and a goal of becoming earth's best employer and those were added to amazon's leadership principles yesterday as the company has more than just customers it obsess over, there's a growing workforce, activists and lawmakers all scrutinizing its size and influence and there are still investors at a time when amazon is facing more competition in the crowd and the commerce sales that are said to slow post pandemic bezos' is the executive chair and he will still be involved in major decisions and it may fall to andy jassy and jassy, not bezos, is likely the one to face congress and antitrust pressure much like that fell on pachai. he has been there from the very beginning and he has pioneered its cloud business and while bezos hinted just before he left that

mister basis is by andrew jassy, the 27 year veteran with amazon web services, which is a huge company, 50 billion dollar company inside of amazon and then amazon has reported 8.1 billion dollar profit. a lot of americans are angry, healthy profit so much during a pandemic. and retails pass this year. walmart. so. i would say all things considered amazon is looking pretty good. minus that a union may try to rise in amazon's rank this year, which would be bad for the stock higher labor costs could for society because more people making more money spreading the wealth. and then there's also there by mg m they paid a lot of money for james bond and other products. yeah, we'll able to digest that. well, and it just shows that they got a lot of money yeah, he washed washington be looking at. what is it with rich guys in space. >> we just tell me that. you know this. i did until the day as the street and just is valedictorian of the school and a speech. he talked about setting up to 3 million people to be in space hotels when later gets into that part of his business. he wanted to set up spa

>> yeah, i'm just curious about the guidance i realize this wasn't the first full quarter with andrew jassy at the helm as ceo based on what we know about him and his leadership at aws is there a chance that we could be seeing a conservative guide? because you have a new ceo who is in place now? >> i don't think so. you know, i the top line guide was, you know, lighter as i mentioned than we thought. i think they're just bumping into tougher e-commerce comps and i didn't think either the top line guide or the op income guide were conservative, but the op income guide was surprising to me just given -- i'll give you an example, in the second quarter, you know, depending on what you assume for the margin for the advertising business, advertising plus aws were over 90% of the op income for the company. so -- and those two businesses are accelerating, so b-- but i don't think it was conservative. i do think we need to look at the longer term here, the intermediate, and the longer term in this historic fulfillment investment the plan going into 2020 was to ramp fulfillment network for one day an

andrew, andrea? >> all right, megan, thank you. >>> amazon employees now answer to a new ceo. yesterday jeff bezos followed through on his promise to step down, 27 years to the day after founding the company. andy jassy will handle the day-to-day operations now. the world's richest man now plans to focus on philanthropic projects, climate change and space travel. >>> all right. coming up, the former first couple celebrating their 75th wedding anniversary. that's next. you're watching "world news now." ♪ [male narrator] for as long as we've existed, boys & girls clubs has always been about coming together. to support the families of our communities and do whatever it takes to give every kid a chance at a great future. but we're going through a challenging time right now. and while we may not all be able to come together in the same physical ways, in other ways, we're coming together like never before. because that's what “whatever it takes to build great futures” means. it means providing a safe place to go for children whose parents are on the front lines battling the virus. it means providing millions of meals for kids who previously relied on their school or a meal program which are now shut down.

jassy >>> it wasn't just a long weekend, but longer. "squawk box" begins right now. >>> good morning welcome to "squawk box." i'm melissa lee. andrews. >> very quiet today for you. what did you do? >> cleaned it up >> sweep of the area you made everyone do into the hotel. >>> let's chec

jassy >>> it wasn't just a long weekend, but longer. "squawk box" begins right now. >>> good morning welcome to "squawk box." i'm melissa lee. andrew and becky are off today >> we are in times square. not on this level. >> not on the ground level this is big leagues. >> very quiet today for you. what did you do? >> cleaned it up >> sweep of the area you made everyone do into the hotel. >>> let's check on the u.s. equity futures stock markets reopen after what joe called a long weekend. quiet here longer weekend relative basis >> not long enough. >> friday, all three closed at record highs we settle in as we head back to the morning. treasury yields. 10-year is 1.42% still there. relatively low here. >> you will be here all week >> yes. >> what did it take? >> they asked me and i said yes. >> 3:00 a.m. it is nice you are ready to do this i'm happy you are here you do that great show at 5:00 and individual investment. this is unbelievable this is unbelievable for so many reasons. where is the money coming from $28 billion. >> households have saved >> pandemic savings. stimulus fed. jay powell where is it going? meme stocks? >> i call