andy jassy i think is a little bit of a humbler target.d be a little bit more of an effective spokesperson being the guy in the hotseat answering questions from politicians. emily: all right. it will be an interesting next chapter. maybe worth a book number three. brad: don't even say it. emily: a few years from now. brad stone, senior executive editor for our global tech coverage. amazon unbound is out this week. it is a page turner as only brad stone could deliver. coming up, the covid-19 pandemic has accelerated a digitization of businesses worldwide. we are going to speak to a microsoft executive about what industries handle the transformation the best. that is next. this is bloomberg. ♪ emily: a new report by the economist intelligence unit commissioned by microsoft fined 72% of businesses in multiple sectors claim the pandemic has accelerated their industry's pace in multiple ways. this as companies prepare for a gradual return to work. joining us to discuss, the corporate vice president of worldwide commercial industries at microsof

we'll break down what is behind that surge and finally, andy jassy's vision from amazon. some clues from jeff bezos on what could be in-store for the incoming ceo, next >> so far, it's been a mixed day for stocks so the dow is up we did get our best intraday level since may 10th paying in tech, though, names like twitter and tesla are having their best week since early april. and bitcoin is getting a bounce, as well, trying to close in on 40,000 but, john, it is about the earnings that we got last night. >> nvidia and snowflake, both names showing big growth, but they already had healthy multiples. meanwhile snowflake saw sales more than double alongside losses that rose, as well. they are projecting that their growth rate will slow. both stocks lower this morning so what is the play for investors? deer diedre, they did beat their guide, they guided to underdoubling and then they more than doubled i think at this stage, investors are trying to see how conservative these companies are with guidance. but pretty much just in line with their beat this quarter nvidia, though,

andy jassy, chief of web services, will replace bezos as ceo. >>> and the "associated press" says howardrsity named its college of fine arts after the late actor chadwick boseman. boseman graduated from howard in 2000 with a degree in directing. while studying there he helped lead a student protest against plans to merge the college of fine arts into the college of arts and sciences. his widow said that the naming of the school ensures his legacy will continue to inspire young storytellers for years to come. >>> well, still ahead, a contest for burger lovers. heinz is searching for its first head burger artist. what the job entails. tist. what the job entails. ♪ ♪ pain? yeah. here. aspercreme with max-strength* lidocaine. works fast and lasts. keep it. you're gonna need it. kick pain with aspercreme good night syra. night, drive safe. i love you. drive safe. ok buh bye mommy. you guys ready? you sure you got everything? drive safe. we all say it; chevy can help you do it. with chevy safety assist standard on the new equinox and trailblazer part of the chevy family of suvs. drive safe. if

with andy jassy taking over later this year. and yesterday, julia, talked a lot about szaslav >> john is not the person we talked to or talk about as frequently but personally owns about 27% of discovery stock and of course, chairman of liberty has all of these different business interests sirius xm among them when it comes to discovery, not his companies owns the company he has 27% stake in discovery and he's giving up his preferential voting shares as part of this deal. only one class of shares in the combined company very close with david zaslav a mentor in addition to sitting on discovery's board and sounds very much working with zaslav to figure out terms of this deal maybe not in the combined company but sure to be a voice on the board that is, that people are listening to, and just fascinating he's 80 years old and just does not stop doing these tax advantage deals. that's his signature. >> yeah. lots of energy some calling him the logan roy from succession in all this. julia, thank you >>> now a surge for gamestop, and a

bezos bought "the washington post" a media company, kind of hands off, sort of left it alone and andy jassynd the culture at aws different from core amazon people at aws stend to say i wok for aws than amazon. maybe they're getting better and maybe jassy in particular does >> yeah. look, you can always hope. i just think history says in particular the tech and media combination is really dicey and when you are paying the significant premium and you think the return on that value is going to be new kinds of creative -- i'm reading the press release, we're going to turn these treasured franchises and i.p. into new kind of entertainment, they're going in there to change it i think that change unless they have trusted creative leadership to execute that kind of massive change is dicey. "washington post," jeff bezos just owns it, gave them money, and said pursue a national strategy and i'm getting out of your way that is not operating a business like amazon operates its businesses >> time is going to tell us more about how they're going to handle this. it's a fascinating deal and certainly fodde

bac" and how they cooperated with that i talked with dave clarke, the ceo of the amazon business, andy jassy. bezos not. he prefers to remain out of reach. i don't know i think the times since when he helped me with the documentary amazon has opened up a little bit. >> brad, it's morgan congrats on the book i can't wait to read the rest of it, especially the part on blue origin bezos as the monopolist, i see this tigdbit here talking about the trove of data from amazon third-party vendors to make competing label products and lying about it that gets at the heart of the antitrust debate and investors are keeping an eye on when it comes to a company like amazon what do you mean by that >> something so easy for regulators and lawmakers to understand in this complex business the question is, when we look at the amazon products, have they decided what supplement to introduce by looking at the data of their third-party sellers and what's working they said they don't do it and if those policies were broken they're going to investigate it. i don't know that they've lied about it as much as obfuscate

amazon is trying to drive down the price of everything, everything, and if you talk to andy jassy, lookou would think >> yes >> issues we need resolved around here. jim, thank you we will see you in a couple of minutes. in fact, that's it for us today. make sure you join us tomorrow "squawk on the street" is coming up after a quick break folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system whoo, what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be a deep learning engineer to help make the world a smarter place does this come in blue? become an agent of innovation with invesco qqq >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faber. futures are steady and amazon buying mgm for $8.5 billion, and the biggest since whole foods and bolstering the entertainment and streaming features >> and climate decision. shareholders are voting on the company's first major activist investor