you know, andy jaff.mself to essentially create amazon's largest business, aws, amazon web services, so he knows how to create divisions that make serious, serious revenue. with jeff bezos focusing on the new more -- this is where it gets exciting to me from a long-term investor standpoint. jeff bezos now focusing on the what i call leap frog technologies and businesses out of amazon. if you're a long-term investor i would be very interested in investing now because i think it's a match made in heaven really from an operations standpoint. maria: dagen mcdowell, jump in. dagen: john, what about the regulatory risk, amazon web services which was run by andy jaffe pulled the plug on parler. essentially shut down a competitor, a social media matt form. at the same time, amazon was over $125 billion in just quarterly sales last quarter, is maybe too big and right now the democrats are controlling the house, the senate and the white house but that could and will likely change, maybe in two years. at least in te

now, looking back that perhaps the writing was on the wall and that it would indeed be andy jaffe taking over. certainly big news and it interrupted my phone call with the ceo of alphabet, we were talking to as this news broke. caroline: one more thought on amazon, your perspective. andy jassy has -- facial recognition and some of the products and use cases. he will come up against more and more focus in terms of the competitive nature of amazon. we have seen jeff bezos up in front of the partition. how do you think the future will be guided by someone like andy jassy? emily: you're right, amazon as well as many big tech companies, are facing antitrust group from both sides of the aisle. biden's administration cannot avoid it. jeff bezos, we saw him be quite combative with trump administration, as you referenced, dragged for congress. i think andy jesse will continue as the company was led. data-driven, growing that business, but now it is not just amazon well -- not just amazon web services come all of amazon. the power is under scrutiny. romaine: we did get those alphabet results which

bezos is leaving his post as ceo this summer handing the reins of the massive disruptor he built to andy jaffe, the current head of amazon web services in an internal e-mail bezos, who will become executive chair, said "i intend to focus my energies and attention on new products and early initiatives. i'm excited about this transition." early in his career bezos left his job in finance, founding amazon in 1994 he spoke withs about that career move in 1999. >> but i might really have regretted not having participated in this thing called the internet that i thought was going to be a really big deal >> reporter: and it was. what began as an online book seller grew fast. >> work hard, have fun, make history is our motto. >> reporter: ultimately becoming a mega online retailer with more than a million workers. >> he's almostponsible for every maor undercutting small businesses by aggressively lowering prices bezos is now one of the richest people in the world. his recent divorce from mackenzie scott was one of the most expensive ever after his affair with lauren sanchez was splashed across the tab

ceo jeff bezos announcing he will be stepping down from his role and that andy jaffe will become the next ceo. this coming on a day that amazon reported income and net sales beating estimates. the cofounder joins me on the phone. melissa, a longtime former amazon employee, you worked there for many years. this simply who has been covering the company for a long time, it certainly came as a surprise. curious for your take >> i think there is a signal when jeff wilkie announced he was retiring, that he would be the paper. that was about a year ago. kind of knew this was coming. andy jassy is, he has been with amazon since 1997. the inception of aws. he has led arguably amazon's most profitable business unit. i think it leaves patent -- leaves jeff bezos with somebody at the helm that he can really trust and can tackle the problems amazon has ahead of them, like health care, logistics delivery, a lot of great inventions and innovations. i think andy jassy will be a great leader to do that. emily: that said, jeff bezos has been so involved that amazon proper for so long. i think he is ve

really there are a lot of areas where amazon is expanding and could expanther panned under and andy jaffe have to understand the scale of what is happening in seattle. intentionally saying seattle because it is amds amazon, microsoft, and lately a lot more than that. it is impress oif. >> amazon now unchanged. down a little bit after-hours. we need to hear from an investor kourtney even if what john says is true and it sounds like he plans to stay on as executive chairman and won't be far away. without him running the day to day business, does that change the investment thesis around amazon >> look, as the founder of that company i highly doubt that he would have put someone in that seat that could not do as good if not better than him andy has been there 25 years that's a long time when we talk about skillset and talk about managing a business, i am sure that he has had a tremendous amount of exposure across that business, and influence one might not even know that he has had i think this is an incredible had boy jeff, by the team at amazon by their board in positioning them for the futu

so there is going to be a lot of heat on andy jaffe. maybe that's one of the reasons. >> dana: he says he wants to spend more time with his girlfriend and >> bill: his newspapers. what do you do with $185 billion? you got eight hours of sleep. >> dana: go to bed any time you want. >> spending a lot on a dietitian and personal trainer. that's how he got the new girlfriend i think. >> dana: billions probably didn't hurt. >> bill: fox news alert. two f.b.i. agents killed yesterday. three others wounded trying to serve a warrant in south florida. the suspect was under investigation for child pornography. he barricaded himself in an apartment, looked through a keyhole to see the f.b.i. officers approach him and then opened fire. what more do we know about this? >> they have the traffic running in front of this gated community that was shut down yesterday after the gun battle erupted just before dawn at 6:00 a.m. one of the darkest days in the f.b.i. history. one of the most deadly as well. two agents killed, three agents shot. two wounded. h

what do you think about that in light of the news of, you know, the bezos and jaffe -- jassy, excuse me, news? >> well, andy jassy will get them there, and i think it's dependent upon an investor's timeframe. i think the problem for amazon and for all of these mega-cap technology stocks is that the expectation for 2021 was so high, it became a conversation, scott, if you're not going to give me this 50% to 75% return you gave me in 2020, then the outcome is binary. i don't want to own these names anymore and i don't think there's justification in that. these companies as everyone has rightfully identified already. they are experiencing significant revenue growth, but more importantly engagement is so incredible. so just look at the engagement going back to alphabet for a second, with youtube and the remarkable 50% growth there. so i think amazon last night, the operating income was a little bit weak and i think the expectations were incredibly high and folks look at that and say okay, if you're not going to be 5% to 10% higher on earnings then i'll going to have some price disappointment and i just think th

jaffe >> i know it's fair to say i spent hours talking to him over recent years we do sit down at least once a year around aws, andysee so some perspective on what this means for amazon, really in jassee you have somebody who i have consistently seen process an organization emphasized and what he talks about and in how he leads and there is this sort of stra into focus the organization and a pressure to innovate around the customer sort of as a proxy for competition. because he would point out, amazon was pushing on him six years before others started paying attention, so what they've tried to build was this internal pressure to get better, even in the absence of external competition. i talked to him about why, for example, they kept lowering prices and reducing margin even when competition, itself, didn't demand it. here's what he said. >> we're much more focused on the long-term than most companies. we are trying to build a business and a set of customer reason customers get more done in their success on their own, even if it's going for margin percentages, over time, they'll be more successful, we will ultimatel