in the first half of 2022, e amazon lost an area five times the size onew york city.ng us now to talk more about the future of the world's largest reinforce is michael man, presideial distinguished professor and director of the center for science, sustainability, and the media at the university of pennsylvania. ehs''also the author of the new climate wars. >> it is great to be with you. geoff: over the past 50 years the amazon has lost about 17% of its total forrest. help us understand why the world's largest rain forest is important to the global ecosystem. >> it is important in lots of ways. obviously the amazon as a source of extensive bio diversity, many of the medicines we've developed in recent times have come, 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

e. amazon was all up very up with the ladder and was like, was what was the most value for? this part was a minimum. what we know the study, but i see is the problem and i was in the l. m. was what the square was. so now they have to remember a very from one a hint, then on our mass, a loss by saddle, mickey can or seen oil, where to go more like in there and i'll put us in seattle, maniachi lazy, another lady, alexander monsieur. i oh, oh, we will need papa sierra with us when doris. but as one of those faces his bank will be in the corner. no. hill is your celebrity and momento, isabella. cassandra present, thomas was alexio's ill. she ran yes. ensure what i think is, what are the rules who put us young, put up, waited as the 11 b, m, eat i represent that he up. all your selection for lever to bias is salam. we will need to, but i use a someone, we continentals. what, i'm sorry, what was that? i'm also mostly come, we cannot seem foreseeable in the i look at that. it was me. where did i see making all you gotta look? you know what? i can't be on the moon. the presidio and

e. amazon was all up at up with you. i don't and was like was what was the most excited for? this part was a memo, he will not put on the other study, but i see is the problem and i was in the l. m. was what those where was soon i legally up to remember a where to put one in thing on our mass. a lot spice on on that he cannot seem oil lyrical more like him. there am helpless in seattle, muddy a cheap, lazy another, legally alj a oh oh. and we will need proper sierra with us will put us. but is one of those places his bank will be in the corner? no, he lives your celebrity and momento is i will cost 100 percent muscle selection. iran. yes. ensure what i think is, what are the rules who put us young, put up, waited as the 11 b, m, eat i represent that he up will your selection for level to bias? is salam we will need to, but i use a someone we call dental sports. i'm sorry. what was that? i'm will secret mostly come. we cannot enforce the info. and when the i look at that, it was me with a c make equal, you got all up, you know what a company on the moon, the presidio and i got

e on us. we've seen amazon, microsoft meta struggling in the current economic environment. some say the known tech business models that succeeded so far have been appended. what are the great and good of tech saying there at the conference? well, you know, the atmosphere really is different from previous websites in the world just isn't the same. the war in ukraine has prompted global insecurity. we have storing inflation around the world and the market reflects that. the company, the hiring less, they're investing less and tech executives. and investors here are really saying in a brace yourself for a couple of tough month in the years to come by, the situation might get even worse. okay. and which areas in particular, do tech leaders seem to think that will be particularly hit hard by this downtime? i mean one area that will likely be hit particularly hard as the world of start. that's right. you know, young companies, upcoming companies who rely on fresh money to roll further. and it's actually something that we already see. i mean jag mcconnell of the business intellige

they see that they rush out the amazon kindle to make sure that doesn't happen to books now e-book salesdown. that was a 20 year trend now netflix is raising so amazon creates a video store to download movies and tv shows. that model starts to fraying now it is streaming yet to pay billions of dollars to license friends or seinfeld that is competitive they are enriching the studio so how do you get out of the battle to pay for content? you make your own. it is cheaper this goes back to the days of hbo and showtime everybody figure this out it is cheaper and more effective and more of a hold on your customers when you produce your program so amazon gets into the business and jeff bezos loves that. he is surrounded by celebrities. he goes to parties with matt damon and ben affleck. and you have a big ten full of stars everybody is orbiting around him was 2015, 2161 of the wealthiest in the world steve jobs has passed away with ingenuity and he enjoys that we don't know this contributed to the end of the marriage but mckenzie did not seem to enjoy it as much. and jimmy kimmel starts to make

. >> 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 in ft

now to some of the other global business stories making news, e commerce joined, amazon announced that will temporarily stop hiring new employees for its corporate workforce. that's due to an uncertain and challenging economy. says the company said the hiring freeze would remain in place for the next few months and its official twitter is laying off a large part of its $7500.00 employees. one week after elan mosques, acquisition of the company employees will receive an email today confirming whether they've been fired or retained. twitter offices will be closed for the day and badge access removed. mosque is expected to cut around half of twitters workforce this week over $70000.00 tech executives and investors are gathering in the portuguese capital for this year's edition of the web summit. europe's largest technology conference, but soaring inflation around the world. and a looming global recession haven't dampened the mood. well, joining us from lisbon to explain all about it is the w's chief technology correspondent, young oce, delta janusz. we've seen amazon, microsoft meta strug

when you see amazon say your package will be there nine to 11 and the follow-up e-mail that says we areed, is going to be early afternoon, that's because amazon controls the supply chain, that couldn't happen ten years ago.s amazon says it will move today to one day delivery prime numbers in the pandemic hit is says is going back to today, great. these are things possible because of what clark built so it is a portrait this executive harsh and unrelenting and allowed him to be the gold of the founder of the company. >> it will be interesting to see how he plays with the new ceo, a different dynamic. >> and there is this natural impulse like everyone probably thinks they can continue to do old job so will he give wrote him room to run? will bezos give them room to be the ceo? then dave clark, now the boss former peers. will doug harrington or other executives who runw divisions like advertising and the divisive business, one of their peers is the boss and that can create an uncomfortable dynamic as well. >> i think we should spend time talking about donald trump. clearly a big piece of a

ed: e-commerce, a really big driver in the markets. amazon, one of the few stocks in the green on the nasdaq 100 on monday. probably the biggest point gainer as well. there is optimism around the sales outlook from black friday going into cyber monday, which is ongoing. that stock higher by around .6%. pin dodo, really interesting earnings from the chinese e-commerce giant having the best day since august. again that story as well probably a factor that what we are seeing play out in china might result in a policy change which would be -- disney down. they are going to keep with it when it comes to the hiring freeze and their morning about a move from linear tv. activision we will get into later. apple we have to talk about this because it is under pressure with what we are seeing play out in china and the impact to production as well. caroline: over the last couple of days apple down 4.4%. you have been driving that story down and let's dive into more because it has been gripping the entire world. china's growing process against covid curves

amazon with an outperform. a lot of optimism we will continue to see penetration in the e-commerce sector from amazon. coming up, elon musk management style does not seem to be in sync with his free-speech focus. we are going to discuss that next. this is bloomberg. ♪ hi, i'm jason and i've lost 202 pounds on golo. being a veteran, the transition from the military into civilian life causes a lot of stress. i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. caroline: we touched on it at the top of the hour, but we have not had a deep dive on elon musk for 24 hours. ed: according to sources, spacex is having a with investors to raise more money, either through our primary or attender or both. the important point is the evaluation. as is always the case, early stages and terms can change. it would once again put spacex at the top of the pile when it comes to glo

-commerce merchants use aws's -- i'm sorry, amazon's e-commercelities? so i talked with her and i guess i didn't completely mess it up because then she had me come in and talk with andy jassy and after that talked way number of the other senior leaders at amazon it seemed like one of those a-ha opportunities where i don't know if it's possible or not but if it is, if we can do this it could really be of enormous benefit to customers and turn into a really significant business at amazon so that was the promise of it. that was the dream of it at the start. >> yeah. and it has turned into a significant business today selipsky's announcing new aws features including clean room, a service that will let two companies run analysis across their sensitive data and draw out insights without sharing the proprietary information. he's also announce aws supply chain, software to help customers better track goods and balance inventory. >> amazon.com does have over a couple decades of experience managing a very sophisticated and complex set of supply chain issues

ed: e-commerce, a really big driver in the markets. amazonone of the few stocks in the green on the nasdaq 100 on monday. probably the biggest point -paneer as well. there is up missing from the sales outlook from black and going into cyber monday, which is ongoing. pinduoduo, really interesting. really strong earnings from the chinese e-commerce giant on the lower end, on the discount end. having the best day since august. again that story as well probably a factor that what we are seeing play out in china might result in a policy change which would be supportive for businesses in tech. disney is down 3%. they will keep with the hiring freeze and are wondering about a move from linear tv. activision we will get into later. but very quickly, apple. we have to talk about this stock because it is under pressure with what we are seeing me out in china and the impact to production. caroline: over the last couple of days apple down 4.5%. you have been driving that story down. let's dive into it more because it has been gripping the entire world, c

and the e—commerce giant amazon is cutting 10,000 jobs.d the technology industry as a whole? a little earlier, i sat down with independent tech expert and the author of the book technology is not neutral: a short guide to technology ethics. doctor stephanie hare, a real pleasure having a real pleasure having you on my show. always good to see you. let's start with this, because we have seen the job cuts in the tech industry, twitter, but notjust twitter, right? meta, the owner of facebook, amazon, then it was followed by others and i'm just wondering, stephanie, is this a trend? it is not a coincidence, because a lot of these companies that we call technology companies are in fact digital advertising companies heavily linked to the fortunes of the advertising industry and that is responding to the wider macro—economic condition which is higher inflation, higher interest rates, slowing growth, so if you have your advertisers have your advertisers slashing your advertising budget, that will hit certain companies. then in specific cases like

amazon, their core business is e-commerce. s a sign that even amazon is seeing some weakness in that market. they will cut headcount as they try to build up profits in some of the more profitable areas for their cloud computing. dani: i am going to bring you a breaking line, this coming from a report from reuters saying that tesla is shutting its flagship china store in beijing. again, not seeing too many details at this moment as to why that might be, but it comes as foxconn is having lockdowns around there, so adding to this overall sentiment. does it mean that the markets propensity to rally at this moment around this reopening narrative is perhaps folly if we are seeing an area around foxconn and tesla shutting its flagship store in beijing? here we go, reuters saying that they are pausing it as covid-19 restrictions play. peter: you mentioned this reopening narrative that got investors quite excited over the past day or two as there were these rumors circulating within the market and perhaps the beijing government was gett

profit, creates a strong bond with the customer and if those retailers ever get into the amazon doesn't figure how to do e-commerce, it could be very dangerous and disruptive. jeff says this made me think, and he begins to authorize more ambitious investments, large investments, more ambitious projects in groceries. so the expand amazon fresh, doesn't quite work. they try prime now, kind of to our delivery service in new york. it expands but my sense was it always lost money, and the editors the coaster, the -- land rushes and kind of long-term opportunities. he always thought groceries more of a long-term opportunity. a couple thing started mapping. google google introduces google expressed, insta cart starts to get very popular, and finally he realizes this is a land rush. he has to get serious about it. whole foods in 2017 was in trouble, is being attacked by activist investors and they went and made the purchase. and now amazon is opening up its own supermarkets all over the place, and look, partly thanks to the pandemic, it is i think online grocery shopping willie has caught on. so doug i think by v

paul with any sher filiette seizure, they shut the locker your j e n year. he'd be amazon, did i give you it back? i thank you. this guy goes, you come in night. he is over a week. so frame even up on you have to be what garden you. so like during the was this me to sure you, but i remember i forgot which of the board last thought you were doing the one you say, what was your spring know, what did you, where you live at the bottom. you can all i should go are you in the past? thought was more than that because as you look up what you can excuse with this, but as a virginia sir, slab, roslyn, media feel sky or but there as sure. oh disease. but it was issued the ability of course, email, but i didn't look so the spree skill lee got quite a yet asked to update the vote or chill sleazy plaza music or easel according but only show quite though or called it g g been shown on while vocalizing the thing with ceo's slow here vision, when you said miss teen macbook to be near my p t, do i need ski, neil, we'd new feet that them get that me and they did do the diplomatic. it will give them, but

billion and mobile shopping also hitting a brand new record shopping, and that's helping the e-commerce giants, amazon rallying in this type of down market. paypal also up on higher demand for mobile payments as well. so when you shop online, checkout online as well. the amazons of china also up which i find kind of counterintuitive given the anti-lockdown protests, but still these shocks were hammered in asia trade overnight, but one of those retarials -- retailers reporting better sales thanks to more online shopping when citizens are stuck at home. so there are some winners in this. and finally, giant multi-national corporations, think of the apples, the teslas and the disneys of the world, are being impacted by china's zero-covid policies. bloomberg reporting this morning there might be 6 million fewer iphone 14 pros this year. web bush says 5-10% of iphone 14s might be impacted, and tesla's shanghai factory is pretty close to the epicenter of most of where the eruptions of the protests have taken place. and you have to remember that tesla factory also exports to europe as well as china, and disne

they show, they show a block a your j e in your laugh, it's equally amazon directive. if you went back, i bet you because guy, yours, you come in night, you 00 matter we initial frame, even that'll need to be what garden you. so like hearing was this me, if you sure you return my girlfriend for clock. yeah. this is amber law stuff. you are doing the button. you say what was your spring and know what is your where you live at the bottom. you can always should. the apostolic here was more than that because as you look up what you can just guess, worst zeus, but is a virginia. so slab allows me to feel ski or put there. i should oh, disease. but it was really should still be as ability across the email around and look. so the preschool lee got quite a a yet are still at the at the or she's, she's easy. plaza, this is holt calling, but tommy shoak with or called it jim that he said he'd been shown on file walkaway messing with ceo's movie a vision when you said miss teen macbook to be in your why fi stuff done with keys to read? need ski neil read you eat that them get tha

when you see amazon say your package will be there nine to 11 and the follow-up e-mail that says delayede early afternoon because amazon controls the supply chain. that couldn't happen ten years ago. when amazonil says it will moveo day delivery to one day for prime and then the pandemic, these are all things possible because of what clark built so it is a portrait of an executive who is harsh and unrelenting and it's allowed him to meet the unrelenting goals of his boss as the founder of the company. >> it will be interesting how plays with them, the new ceo, a coat completely different dynamic of all of them. >> i think you're right and is a natural impulse like everyone probably thinks they can continue to do their job so while there's room to run, bezos give him room to be the ceo? with dave clark, he's now the boss of his former peers doug harrington or any of the other executives who run divisions like advertising, one of the peers is now there boss and that can create this dynamic as well. >> i think we should talk about donald trump, clearly a big piece of amazon's narrative past

e o n. yes, he'd be amazon directive. if you went back i thank you because guy goes to come in night. he said, well, a week he said, think even up on you can do. what got you. so like during this meeting? sure. you remember, arthur, oprah winfrey rubber law stuff. you're doing the burden. you say, what was your spring? you'll know what that you really at the bottom you can always should. boy, you, in the past thought was more than that because as you look up a chicken excuse with this. but as we're unit a slab allows me to feel ski or put there. i'm sure this is, but it was issued the a garage and of course the email, but i didn't look so the spree ski got quite a yet asked to update the boat or change sleazy plaza music or easel coin, but only show quit or colgate, ga, ga, been show by any more colliding with ceo's more of your vision. when you said miss team with nick, boy, you being you might be done with keys to read needs in your own lead. you beat that them. i mean, the gcg people might think it will give them, but i see those are the 2 lead hatch wichita and she had me with you

saying sales is going to drop for the first time in five years, really worrying for the likes of amazon and e-commerce. tesla under pressure as elon musk's focus is on twitter, not tesla. that stock has been under pressure. there was some spill from what micron had to say to the rest of the chip sector as well. caroline: nvidia just reported, and revenue was a beat, but that comes out -- after really concerning news out of micron that sent shockwaves through the chip sector as it expects a slowdown in demand. debbie wu joins us now from bloomberg. with nvidia, they beat, but it was a drop in revenue. had market analysts lowered their guidance so far they managed to overcome those low hurdles? debbie: we have mixed news today from nvidia and micron. the demand for pc's is still ongoing, but this is partly reflected in the demand for processors, somewhat weak. nvidia did say demand for data center products are propping up sales, so while it's revenue has not declined year-over-year, it does still beat analyst estimates. ed: china is a big part of this story, the hit from u.s. export curbs. ther

. >>> we know a lot of you are shopping online for the holidays, so we looked at the amazon warehouse in richmond e rush pick the 200,000 square foot warehouse launched just a couple months ago, still hiring for full-time and part-time positions. chances are your email inbox has been full of offers for black friday and cyber monday offers. we ask a host and producer for some tips to get the best deals without having a lot of stress. >> cyber monday is a sickly black friday with a different label on it. so a lot of these deals are the same. a lot of these deals have already rolled out. if you want to look at stores already you will find a lot of those same deals throughout the week pick one thing that gets people excited to go to stores are certain things, but if you think let me snag that tv at best buy, you might have to line up at 4:00 a.m. to get a for ease of shopping, it could be easier. a lot of those deals are similar online and in-store. if you don't to deal with shipping, you can just pop in, if it's on the shelf you can have it. than having something shipped to you is one of the benefits

we've got pink slips raining town on amazon. the egiant confirming it has now notified employees in its devices group that they have been laid off. shares down 2 the.25% right now. amazon, apparently, is targeting some 0,000 job cuts -- 10,000 job cuts after announced it had launched a cost-cutting review in the wake of weaker consumer sales. >>> carnival cruise line taking a plunge, down 14% after a pricing its planned $1 billion convertible debt offering. the cruise operator seeking to raise cash again, this time as part of its 2024 refinancing plan. the initial concessioner rate of the notes equivalent to a hair price of $13.39. it's at $9.51 right now. and approximately 40% premium to where it is trade thing at the moment. norwegian down with it, down if 3.8%, and royal caribbean by about #.5%. advance auto part shares looking like a three-car pile-up at this hour down 5 is %, on pace for its large percentage decline since march of 2020. this after the company reported weaker than expected quarterly numbers and lowered its full-ye

. >>> coming up, tech layoffs hit amazon the e-commerce giant announcing job cuts what it will mean for the stock. >>> plus shares of biogen jumping thanks to another company's bad day. we'll explain, back in two 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. just look around. this digital agerinkled skin we're living in,wo days. it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. >>> we've got a news alert on david tepper's appnnaloosa >> they are cutting kohl's, selling over 1.8 million shares. while there is no change to its larger position in macy's, they hold 6 million shares, macy's earnings or out wednesday before the

incredible competition everywhere for the longest time, tech companies grew and grew and grew amazon owned e commerce and cloud infrastructure and microsoft and facebook owned social media and instagram netflix and salesforce and workday service. they have their own separate domain where they were untouchable and started going against each other microsoft azure goes up against al s amazon services and google cloud that reported a horrible quarter tonight that i am stunned and addressing these situations with investing club members this evening in a very harsh way. h highly unusual for me. every software play wanted a piece of customer relations management they're all taking it. there are a lot of smaller vessels that digitize finance or auto industry including tesla that is a broken stock as underlying companies are in good shape and caravana fintech landing is just disastrous a firm reported a good quarter tonight but a weaker forecast. the ceo will be on the show later on to explain upstart gave you a miserable forecast and it is being crushed sell, sell, sell, sell didn't say i didn't pre

what is the e-commerce landscape outside of amazon?'s an interesting time in venture because it's a tough time and particularly for consumer and consumer tech. what you are seeing is a lot of consumer brands are being judicious with their spend not only because they are concerned about the consumer and worried that this might be a more tapered holiday season but number two, they are trying to extend the runway. they know they need to show strong numbers to their investors. need to show a positive ratio. they are being very thoughtful about how much pay to spend they are using. thinking about how they can acquire customers more cost-effectively, what channels to use. caroline: we are having a bit of a laugh today about a tresemme ad on youtube going into the metaverse and it looked deeply awkward and uncomfortable. overall, what are the innovations being made to make us want to shop in a more exciting different way? >> part of it is there is a shift right now that we have all been trapped at home for so long and even the people who are

amazon has the e-commerce shopping component.etail is the focus and we have some interesting earnings winners in contrast to yesterday's earnings laggard in terms of target. macy's up. they boosted the profit outlook. the ceo is been talking about the idea fresh inventory is the key to keeping consumers shopping. bath and body works, up 16.7%. they'd beat and boosted and have a mix of old and new products. there could be a short squeeze there but polls now up three point -- coals up in the premarket after they suspended their 2022 outlook. gap is tonight. another piece of the retail story. of course is the commercial real estate space. you look at this long index over the next five years it's not doing so well. a big bulk of this decline happening around the pandemic as folks started to rely more on e-commerce so it's interesting to start thinking about all the ways of sagging and shifting consumer trends, the impact and where it is. guy: i heard someone talking about the idea that as we've come out of the pandemic were looking t

and then there is amazon, the e commerce company is expected to lay off 10,000 of its employees.e, technology and corporate workers would be impacted as early as next week. this is the newest blow to hit the tech sector foxes giovanni luigi joins us live tonight from silicon valley after speaking with economists about what's driving the layoffs, giovanni. evening will economists say that these layoffs are happening because companies are trying to lower their bottom line and just save as much money as possible as we possibly head into a recession. so we've seen last week twitter and medical layoff . thousands of people and those same economists are warning that these could be the beginning. these recently offs and the one that was just announced today with the amazon could be a predictor of what we start to see in the future. so already this month more than a dozen company easily laid off about 30,000 employees. in total this year more than 150,000 tech employees and once again these cuts could really just be the first start of layoffs here. in the tech world, inflation has shrunk

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 emerce 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 gone through massive growth. think about coinbase that had headcount reduction in place. john: thanks very much. bloomberg's ed ludlow with the latest on amazon's latest potential moves on employees. we will take up -- a quick break and the latest bloomberg survey is out and what does it say about the outlook for the economy? we will h

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 eut 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 past swings in the stock and then run them through the prison of the fibonacci ratios for scales price and duration, time right now she says amazon has a cluster of fib fibonacci cycles. if

cloth of the one us, i'm honest to drill, but gosh, here by up on lee from his shoes from amazon is not on, but e is because of a slow to absolutely new equipment. you see us from the bristol with white only day for america's midterm elections. everything seems to be breaking in the direction of the republicans. this would seem to confirm this will truly be a change election and a solid defeat for joe biden. and the democrats, the country is deeply divided. well, these elections make things worse. only 41 percent of us, it does have enough savings to cover a $1000.00 emergency. we have record numbers of americans who are on the verge of having their cars repossess more than a 137000000 americans are facing financial hardship because of medical debt. in america. we do have a well 1st system in place to help people who are struggling financially, but it's a conditional system. you have to prove to the government that you truly need help . the simplest way, like explain a basic income, is that it's like social security for the rest of us. a basic income would be a monthly payments that would go to e

think of amazon, think of e-commerce, the lack of warehouse facilities in this country.refilled at 100%, about 110% of last year's rents. i'm all over that. >> health care. >> housing is the same, talking about midlevel affordable housing. >> about there is no affordable housing out there. >> that is part of the problem, that is part of the problem. health care, again think about demographics. we have baby boomers who are starting to sort of tax the system get into their dissaving years. need a lot of medical support. we also had a lot of innovation and a lot of flow both intellectual capital and monetary capital come in throughout covid. what we did in the health care and rma space so health care is going to be one of those areas that if you go, you stand outside, look around, all of these things we need and we want to get behind those investments. charles: i love that, you gave us a way, or a path. >> oh, it's a path. charles: it will be choppy waters. thank you so much. >> my pleasure. charles: folks when we talk about the path ahead it is reflect where the country ha

next, brazil's president-effect has promised to work on ending deforestation in the amazon by the year 2030. lieu weiss ee made the announcement at the climate conference. >> translator: the fight against climate change will have the highest priority in the next government. >> lula also said brazil hopes to host the cop30 meeting in 2025 with a venue in the amazon. the area is the world's largest rain forest. about 2/3 of it is in brazil. deforestation of the amazon accelerated under the outgoing administration as it pushed for development. an estimated 13,200 square from august 2020 to july 2021.ed scntists say the loss of the amazon speeds up global warming. >>> shifting now to the weather. residents of southeastern parts of australia have been dealing with an exceptionally wet year. our meteorologist jonathan oh has the details on that in our world weather report. >>> hello, we have been talking about a rain pattern that has been drenching new south wales over the past, well, several months. look at the numbers here for sydney. over ten-month span, almost 2.4 meters of rain fell, and the annual averag

. >> we have to be careful about unprofitable when it comes to amazon very often e-commerce in general is unprofitable but that doesn't mean they're shutting it down as well as the delivery business. don't think it necessarily means that everything amazon does is on the table they are very strategic, you know, the aws business didn't start out sort of printing profits the way it does now. it took a while to grow that over time. i wouldn't expect them to lose their, all of their long term focus. >> all right for more on what the cpi print might mean for tech and trading at large let's bring in cnbc contributor "wall street journal" market writer, good to see you again. what a morning between equities and what is happening in yields. i wonder how you think about the price action today and how much is due to the data itself or some of the evolving fed speak we've gotten over say the last 48 hours >> what a morning. i mean, we are seeing the best day for the nasdaq composite since april 2020, which is just wild when you think about what was happening back then. the economy was shutting dow

liz: nick, etsy, amazon, do you like any of these e-commerce names in particular and what do you seerchase on cyber monday these days? >> so i like both stocks. i think etsy is really unique platform whose done a great job throughout the pandemic and providing consumers really unique products. amazon is behemoth they are kind of the top e-com platform everybody wants their stuff in a day or two in some cases same day. liz: i mean, do you like the stock here? its been hammered. >> i do. i think the stock, i think amazon looks really compelling here. aws will continue to be a growth driver and investors aren't paying enough attention to how big advertising could be overtime. i still like amazon and i like it here a lot. liz: ivan? what won't you touch? what don't you like in this retail atmosphere? >> well, there's just a lot of smaller retailers, a lot of apparel retailers that are struggling. you look at one of the biggest disappointments to me is bed, bath and beyond. they really had a great business and really just in almost every way have destroyed it from the shift to private lab

blanchard shows us, amazon and other e tailers are rewriting the script.r what black friday used to look like stampedes of people rushing into department stores before dawn to get those must have deals. but are those days gone for good black friday of lining up overnight to get into the store is no longer when we survey consumers about their black friday plans. 37% believe that they're going to get the best black friday deals online that one day in persons shopping experience of the past looks a lot different now. covid protocols made some retailers shift to online sales in 2020, with many stores now closing on thanksgiving day. sites like amazon have attracted holiday shoppers with prime day sales as early as october, and other retailers have followed suit. black friday happens, you know, all season long. it's three months long now. big box stores like wal mart and target have been pushing black friday deals weeks early, actually already purchased all of my items for this year. shoppers could see even more discounts this year because retailers are oversto

the p gap launching a store on amazon, the retailer is hoping the e-commerce giant can help revive salesklein, victoria's secret, starting to distribute their products through amazon. gap stock is higher by more than 8 and-a-half percent. we're going to be getting retail sales from these companies next week. and retail sales data. finally, there is this. this is really come. nasa confirming a piece of the space shuttle challenger has been found off the coast of florida. this comes 37 years after the shuttle exploded shortly after liftoff, killing all seven crew members. the discovery made by a history channel documentary crew a. here are the pictures. there's video of it. it's a 20-foot long piece. it's said to be from the underbelly of the shuttle. so it was the tiles that led nasa to confirm the video is indeed from challenger. so the documentary is coming out this month but now the question is, obviously, do you recover this piece and, well, bring it up? again, a way to honor that crew. maria: yeah. wow. what an amazing shot. thank you so much, cheryl. meanwhile, president biden is on

peloton, amazon, moderna more "power lunch" is straight ahead. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. thanks to avalara we can calculate sales tax on almost anything, anywhere, automatically. avalarahhhhh. what if tax rates change? ahhhhhh. filing sales tax returns? ahhhhhh. managing exemption certificates? ahhhhhh. business license guidance? ahhhhhh. does it connect with accounting? ahhhhhh. item classification? ahhhhhh. cross-border sales? ahhhhhh. what about? ahhhhhh. ahhhhhh. do you have those budget markups? thank you. mmhm. [bubbles] >>> welcome back we have a few stories before we go this one, if you haven't heard it, is interesting according to numerous reports

layoffs in the tech industry and twitter, meta, lyft and more companies with public layoffs amazon is one of the larger e-com retailers announcing it will cut jobs. interest rates will be high across the board this combined with persistent inflation we talked about is only started to ease it still is a big consumer problem that a lot of the rate hikes haven't been able to fully address. there is all of the political turmoil in ukraine and war in ukraine. i think what will happen for retail, specifically, they will review all of the different departments and business units and ventures and may make tough decisions to contain costs i think this is going to happen across the board not just in a certain sector of retail to answer your specific question about which retailers will win, yes, consumers in a period of uncertainty and period of crisis and recession tend to be more cost conscious and price sensitive. what they do is they trade down. they trade down to retailers that are more value players. we will see walmart, target, club channels and other low-cost best value proposition retailers win in this pac

amazon employees in more than 30 countries have gone on strike to protest against the e-commerce giant policies. the call to action will coincide with one of the busiest shopping days of the year. asking for better working conditions and better wages. >> with a small amount of money or salary you earn, you can't live in this time. i have three children and we both work and we have a huge problem because the costs have risen so a sleeve that you can't live with what you earn. >> under pressure, people fall sick, and have a work-related accident. on top of that, amazon doesn't recognize people who have an accident at work. >> in brazil, three people killed and several others injured after a gunman attacked schools in the southeastern state. official see a teenager in military attire opened fire and the suspect has been arrested. european interior ministers have failed to produce a concrete plan after an emergency meeting and migration. they continue to work together to reform the system. at least 50 people have been killed by russian shelling in the southern ukrainian city. russia has st

e-commerce storylines. different reasons for a number of stocks in the move. amazon is down today. the market is digesting news of a debt related offering. alibaba is up close to 5%. possibly more people in china are getting vaccinated and could be encouraging. you also have big commerce. those shares are higher. however, areas such as footlocker are sliding. we want to get back to the u.s. rail story. nancy pelosi saying legislation will be on the house floor tomorrow in an effort to prevent a strike. ian kullgren joins us now from d.c. thank you for being with us. can you take us through those rallying to get to the finish line versus those vocal in their opposition? ian: after weeks of silence the president finally made clear his position on this issue last night and today in meetings with congressional leaders. that is that the time for negotiation is over. congress needs to step in and pass a rail deal to avoid what could be a crippling train stoppage before the holidays. congressional leaders fell in line with that message and nancy pelosi says there will be a house vote tomo

i'm carry johnston indo are the top stories on al jazeera, amazon employees in more than 30 countries, have gone on strike, to protest against the e commerce giant's policies. the call to action is time to coincide with one of the busiest shopping days of the year. black friday workers are demanding better conditions and better wages. when did i miss gib ringing by talk with the small amounts of money was celery that you earn. you can't live in this time, like i have 3 children and we both work and we have a huge problem because the costs have risen so enormously that you can't live with what you earn on. don't want to talk if we are always asked to meet quote, there's an under pressure, people fall sick, i don't sick leave and i have a work related accident. on top of that, amazon doesn't recognize people who have an accident at work. in brazil, at least 3 people have been killed and several others injured after government attacked 2 schools. it happened in the town of our cruise in a south eastern state of the spirit of santa officials say, a teenager in military attire open fire. the suspect has been arrested on a case in our c

he's also pledged to put a halt, illegal deforestation in the amazon. joining us for a massage job in u e is hydro luko, a condo dean of the college, a communications at the university of georgia and a latin american analyst. when he, thanks for joining the program now on the campaign trail lula offered rather broad short strokes of his economic vision that was putting the space at the center of the economic development. what do you make of his plans so far? well, is it interesting? because mr. rule of the, the few who are b now is going to confront a completely different scenario from the one having its 1st government. in this case, we have more than the prices that have come down in the market, which is a stark contrast to the time in which he was pressing the 1st time in which commodity price prices were on the rise. the other thing in the debt, the brazilian national debt, which is to bubble in between now and to talk, and in 27, it's a huge problem which will demand measures of cutting public spending and bringing it will take in some of the international debt and agreements. that yo

amazon. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle.ovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. >>> an alarming new report about the plant's climate crisis, a u.n. group finding a third of the most iconic glaciers are on track to dispeer in the next 30 years. joining us is renee marsh. 30 years is quick. >> reporter: it is. this is the first of its kind global assessment of the world's most iconic glaciers. some of these sites might feel like a world away but the impact of this accelerated melt will be far reaching as it drives global sea level rise. some of the world's most renowned glaciers are on track to disappear in the next 30 years whether global warming is slowed or not. a sobering finding from researchers based on satellite data. among the glaciers on the brink of vanishing are in the most visited u.s. national parks yosemite and yes low stone. they document the glaciers over time. >>

scenes of shoppers waiting in long lines to rush stores early in the morning, maybe history with amazon, another etailers rewriting that script. lauren blanchard has the latest from washington. remember what black friday used to look like stampedes of people rushing into department stores before dawn to get those must have deals. but are those days gone for good black friday of lining up overnight to get into the store is no longer when we survey consumers about their black friday plans 37% believe that they're going to get the best black friday deals online that one day in persons shopping experience of the past looks a lot different. now covid protocols made some retailers shift to online sales in 2020, with many stores now closing on thanksgiving day. sites like amazon have attracted holiday shoppers with prime day sales as early as october, and other retailers have followed suit. black friday happens, um, you know, all season long. it's three months long now. big box stores like wal mart and target have been pushing black friday deals weeks early, actually already purchased all of my items for

amazon is taking -- sources telling bloomberg the largest e-commerce company is freezing staff levelsd it's profitable ads business, will continue to fill vacancies but will not create new jobs. coming up, growing demand for cybersecurity services. we will talk with the ceo tracking cyber efforts in russia's against ukraine, plus the story behind the rise of the tech giant alibaba we will get the inside story from former executive brian wong. he has a new book out. this is bloomberg. ♪ emily: welcome back to "bloomberg technology," i am emily chang in san francisco come the banking sector says people and businesses are paying more and more in the wake up ransomware attack's. banks reported one point $2 billion in ransomware attacks, more than five times in 2019, a taste of what jeff stone will explore with the weekly newsletter. including coverage of inside the world of hackers and espionage mall businesses are playing defense. tells more about cyber bulletin and the goal. guest: that cybersecurity is a lot more than ones and zeros, and the latest data breach there is all types of cha