interesting considering that jeff bezos of amazon amassed a fortune of $25 billion in counting. while workers sweated away in warehouses evocative of a charles dickens title. there's the president in the amazon warehouse today offering republicans in congress a grand bargain, a big cut in corporate tax rates in exchange for programs to create jobs. the president starting by reframing what it means to work. >> jobs are about more than just paying the bills. jobs are about more than just statistics. we've never just defined having a job as having a paycheck here in america. a job is a source of pride. it's a source of dignity. it's the way you look after your family. it's proof that you're doing the right things and meeting your responsibilities and contributing to the fabric of your community and helping to build the country. >> jobs are not just about paying the bills. so we need to make sure country is growing good jobs. that was part one. and then because republicans in congress have already said they will not go along with the president's economic proposals, the president ref

i will talk to the parents of amazon founder jeff bezos with kids and big ideas. each week, keep it right here, where we are, "on the money". have a great week, everybody. i will see you next weekend. mom? did nana ever give you cheerios when you were a little kid? yeah, she did. were cheerios the same back then? cheerios has pretty much been the same forever. so...when we have cheerios, it's kind of like we are having breakfast with nana... yeah... ♪ yeah. you're so smart. >>> tonight, class action. the only universities mentioned in the same breath were harvard and yale and stanford and cambridge. >> everything you get from a top tier university, only the classes will be online. >> our tuition which at traditional ivy league school is $40,000 a year. will be well under half that amount. >> class action goes inside the education startup, the minerva project. jerry brown delivered on a long time promise to overhaul california schools and doing it with cash. tonight we get answers f

i will talk to the parents of amazon founder jeff bezos with kids and big ideas.h week, keep it right here, where we are, "on the money". have a great week, everybody. i will see you next weekend. subpoena . >> royal highness. prince george. cambridge. is here. hi everybody. welcome to "access hollywood". this is weekend edition. i'm shaun robinson we hit the might year mark biggest stories that captured our interest and no berth news with more anticipation than that of prince william and kate middleton little 1. live on july 22nd and tim is there all along. >> big breaking news we understand new baby boy has been born. >> i learn right now it's a son. the new heir is a baby boy. >> now we hear it's a boy. it's a boy. this is coming across as we have of information. >> yes. royal highnesshe

i'll talk to the parents of amazon's founder, jeff bezos about kids and big ideas. each week, keep it right here where we are "on the money." have a great week, everybody. i'll see you again next weekend. >> oh-ho! mama mia! >> ted turner is one of the largest individual landowners in the united states. he owns two million acres across 12 states. he's been described as a genius and a jackass. he's decided to reflect on a tumultuous life and more or less tell all. >> good girl, dixie. >> ted turn may have mellowed a bit, but he's still incapable of pulling his punches. >> now there's not anybody i don't like. but after this interview's over, i may not like you. >> [chuckling] yeah. [ticking] >> i suppose you can say anyon

then earlier this year a team lead by billionaire jeff bezos recovered parts of two apollo ofgines from the bottom of the atlantic. today bezos confirmed that one of them is from apollo 11. another rare piece of history is going up for auction, an original copy of "schindler's list", one of only four known to exist it contains the names of hundreds of jews whom oskar schindler saved from the nazis by employing them at his factory, the bidding starts at $3 million. >> on the day after his 95th birthday nelson mandela got a visit from an old friend and fellow nobel peace prize winner south african archbishop desmond tutu. he was asked about mandela's condition. >> he was asleep. he was very peaceful looking, yes. but you know, he was there for his 95th birthday. whooo! >> archbishop tutu said mandela will continue to inspire the world to become more compassionate and caring. >> there is something very unusual in the basement of this house. steve hartman on the road is next. next. >> tonight's on the road segment is sponsored by progressive, comparing rates to help you save. now that's pro

but applaud american spirit, their ma pa newerrism -- entrepreneurism that got this started with jeff bezose out of work potentially are going to look forward to working for amazon, let's not get hung up on the modest-paying job, they are 30% higher than typical retail job. neil: a job is a job, gary? >> i know a lot of people out of work at this point. and even though this is not highest paying thing, it would be a job. and that is meaningful some are somebody to get out of their house, go to something, psychologically makes them feel better, they will get a paycheck, amazon continues to grow, sales 20% a year. let's hope it continues. neil: all right, something that might discontinue. final issue, seems target launching a price guarantee that promises if you find a better price on-line, they will match it at the store, i think on-line would mean amazon? should amazon be worried? >> potentially, target is doing the right thing, worse thing for retailer, somebody to come in store, see a product they want, not buy it because of price, you maybe lose a little bit on margin but you get loyalty

last year first week in september was when amazon ceo jeff bezos brought us the latest kindl launch inn, of course, there's apple, iphones and ipads. those two products alone delivering $113 billion in ref hue for apple last fiscal year. it's the possibility of lower-priced phones that are going to drive the story on this one. apple's gross margin guide in september, of course, then will be huge. mandy? >> thank you very much for that. john, well, let's bring in roger kay, president of end point technology associates. roger, we'll get a bit more micro in a second and overall can tech break its second half performance? >> oh, yeah, mandy. i think it probably will. i mean, particularly since you're talking about a. apple had a real desert of a first half in terms of product introductions, really just no excitement as all, and they have got a number of things in the wings that are going to be coming out. we know that they just trade marked iwatch in japan. people say why not the united states, and we don't know, of course, but it's possible that someone else is squatting on that property,

. >> you know that -- i mean, that's been jeff bezos, that's the way he rolls.ke so many companies to task for not reinvesting, for not investing in their future. and that's what he's been always about, whether it's about going after the cloud, you know, other initiatives, introducing the kindle. i mean, those aren't always money-making opportunities, but they speak to the longer-term, which so many ceos avoid, because of the pressure from wall street. >> i'm not against cap ex, but i'm for profitability. how do shareholders get rewarded? by higher and higher prices? that's the way they get rewarded. but you eventually -- >> they have been, right? >> yes, they have, because it basically keeps going up. eventually, you will have to produce free cash flow. if this wasn't a public company, how do you make a profit? this man has a strategy, he tells you to become a customer. he's very adequate at producing revenues. you cannot spend revenues. it is financed by payables. and eventually, it's going to come to an ugly end. i said the same thing about -- said the same t

online, but it is the place that gets the bulk of my online -- >> and i think whenever, you know, jeff bezos has the same response, whenever anybody, i think, discounts amazon -- >> that's one you're going to, right? >> apparently not. go ahead. >> i know where you're going. to starbucks, it was a much different -- >> you needed to make a joke. okay. >> i can't. >> yeah, i wasn't. >> let's talk about -- >> i got crickets. >> let's talk about starbucks, it was a much different story for starbucks. the coffee house chain reported profits of 55 cents a share, two cents ahead of whats street was expecting. global sales grew by 8%. the company says the fruit beverages and seasonal frappuccino ice drinke drinks h drive profits. shares were soaring in the late trading. it is up by 6.5%. >> unbelievable. that guy. >> starbucks founder and chowar schultz will be on "squawk box" later this morning. >> it seems like -- is it even two years since they were trying to find out if there is a problem with the baristas and whether they -- the sandwiches in morning. they were lost when he was gone. he said, i

is described as a central witness in the antitrust e-book trial and is here along with amazon's jeff bezos and many will go with their families on a whitewater rafting trip. carl, we'll continue to bring you more and more on cnbc.com. back over to you. >> sounds strenuous, julia. thanks very much. it's a beautiful shot there as well. if the white house has its way greek yogurt will be on lunch menus at schools across the u.s. and it could mean big business for our next quest. the ceo of chobani joins us when "squawk on the street" returns. really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis. she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ >> the obama operation wants to add greek yogurt to children's food. the founder of chobani, joining us here at post 9, welcome. >> thank you so much. >>