short-term costs, but it gives an advantage >> when you look at $18 and signing bonuses, this is andy jaffe's second quarter as head of the company, he said we will look at short-term for long-term profits. i think they are doing the right thing. i think he will put his stamp on this company anything that happens near term -- he was specific abou using that language in his press release -- i don't think he cares if the stock is 3300 or 3100 he will layout his vision. you just have to think about tim cook andy jassy will have his moment. i think investors would love to see this >> every step of the way from when a product is manufactured to when a product gets on the shelf, being one that can deliver product to your door in time for the holiday season, that could really help that business as opposed to some others which might face more problems because they haven't invested the same in their logistics. >> and they can't. they can't afford to invest the same amazon can afford to spend anything i agree with just about every single word dan said including the most important thing from the release

emily: we are also going to be looking at the first full quarter under andy jaffe's leadership.about how the transition has been? matt: it has looked smooth from the outside and the supply chain stuff was stuff that predated him. we have yet to see him put a stamp on the business. there is a bit of a new tone at the top but i know think we are -- but i don't think we are going to see anything showing up in the results. he is probably not going to show up on the call himself. emily: turning back to apple, where you have a more steady leadership team that has been in place many years, what are the things you are going to be watching? we have reported on some of the newer accessories, new airpods, the macbooks, the move to the new m1 chip and all of the possibilities that that opens up. anurag: the m1 chip is an important event for apple. they are going to take some share away from the high end pc's definitely and it is a remarkable upgrade compared to what we had before. the other thing is that we do want to hear what are they going to do with some of the fee structure that they h

chaos added to billion dollars and that is expected to double, their outlook disappointing, so has andy jaffe'sance as ceo, he steps down 6%. final thing on amazon, cloud and services revenue bigger than retail for the first time. similar story at apple when you look at the supply chains, $6 billion in sales. tim cook says it will get worse. i have good news for apple. this is a supply problem, not a demand one. revenue light, $83 billion, stock down 3.5%. stuart: of apple and amazon open up this morning at those reduced prices, i believe microsoft will overtake apple as this country's most valuable company. >> worth $2.5 trillion. of this loss for apple sticks and microsoft is higher it will be worth $200 trillion, number one in the us. stuart: i didn't see it, even though i bought it a few years ago. you've got to explain to me what facebook, they changed their name to meta-blooge >> can we have mark zuckerberg do it? >> the next platform will be more immersive in the experience. you can do everything you imagined. stuart: i don't want to be immersed. i to step into this new universe. lauren: