bob: jeff bezos is an original. i think of the terrific robin williams movie "dead poets society" 20 years ago or more where he played a subversive instructor at a boys prep school, and he is causing trouble all the time and at one point he gets on his desk and the boys in the class i like what the hell's going on? he standing on his desk and robin williams said, i stand on my desk to remind myself that we need to find new ways to think about things. i think that is what you are doing. you know, what you do with your a.m. report is new, different. what they says -- what jeff amazon, heone with has transformed the economy. idea, we are going to take the money we make and plow it back in the business. we are not going to give it to the stockholders. that, you know, wall street said, you are crazy. that will never work. he is now worth $75 billion. mike: how this jeff bezos hire people? bob: i asked him this once and he said four criteria, first i want people who have been right a lot. makes sense. i want people who li

we do our job but then step back. >> you mentioned jeff bezos owns the washington post. what is the most important thing bezos has done? >> money, that makes a big difference, and. you gave a better answer that i could when we were talking. >> we talked about the ambition and a sense of purpose that i think all washington journalists have at this moment. and bezos is, he's an original. >> i think of this terrific robin williams movie dead poets society 20 years ago. >> or more where he played the subversive instructor at a boys from school and he's caught causing trouble all the time, at one point he gets on his desk and the boys in the class go what the hell is going on? he standing on his desk and robin williams says i stand on my desk to remind myself that we need to find new ways to think about things. i think that's what you're doing, i think what you do with your atm report is new, is different, what bezos has done, he's transformed the economy andcommerce in america , his idea was we are going to take the money we made and give it back to the business, were not goi

neil: the opinions of larry glazier when he calls jeff bezos dr. of larry glazier. >>> it is making a bigger statement about the nonstop frenetic pace of the market advance that's really gone, you know, nonstop as i say, but since donald trump's election, there are other factors for this, but a lot of people say it's priced for perfection when you're talking about the technology issues or a market that is confident despite the troubles president trump is having, still get his tax cuts, still get health care reform. i know that's not a technology play but could affect technology if he doesn't, doesn't it? >> seems good bezos has the mantra that don't obsess over profits. think about market growth, all the different ways that you can get in and expand including that race to outer space over how much money you're making. interesting he's relentless on that focus as well. but yeah, what i see in the silicon valley a lot, is a bunch of companies, who's the better facebook, who's going to outfacebook, facebook, and outapple, apple. the alexa device, one

alison: bono and amazon's jeff bezos are investing in a local technology company. jonathan: it is a software company. alison: tim barber takes us inside of the software company. of: you may not have heard the company, but you may know a student who has benefited from it software. jeff bezos,'s twitter's evan williams, and rockstar bono all put money into the business which just received $190 million in private donations. ofwe reach hundreds thousands of students, millions of students every year. tim: from georgetown to american university, 60 million students have taken the company's courses that deal with problems like bankruptcy, sexual assault, and addiction. >> getting real feedback help solidify the learning. tim: now they will reach even more students because of the $190 million. >> they idea of building an institutional standalone i can be used for a long time and do it anyway that has not been tried before. tim: tim barber, abc 7 news. alison: some good news -- there is still hope. jonathan: we have to call these guys the cardiac kids. alison: the caps beat

jeff bezos is obsessed with data from customers but also from partnering companies.mazon has started to load trucks before we have even pressed the goodbye button. it is a powerhouse. >> the u.s. consumer spending, this is the biggest increase in four months, what can we take away from that? >> it is a good sign that the u.s. consumer is in shopping mode. talking about amazon, they will probably profit from it. much more than the traditional department stores that are struggling quite a bit. those numbers from consumer spending are also hinting that now in the second quarter, the u.s. economy micro about 3%. the u.s. consumer probably will be the backbone for the entire u.s. economy. >> thank you. >> the average budget airlines as it posted profit for the first few years. the dublin-based carrier says it expects profits to rise further mainly due to a fallen deal cost. there's actually declined last year. that has attracted plenty of passengers. high occupancy contradicted to the good -- contributed to the good results. back over to sarah. sarah: we have some sports

>> jeff bezos thinks it's important to have a store. you look at barnabos, parker, they started awe out on the internet. they're opening stores, they know to connect with the customer, they have to have a physical presence. >> that doesn't mean you shouldn't have internet. but you got to have both to be a major player. remember this, how many internet players are making any profit? when i started in the business, part of the game was to make a profit. they don't make profit. they're making money on the value of the stock. but ultimately you have to bank some bottom line or you can't pay the bills. >> allen, we did ask you in our pre-interview where the stocks would be a year from now, j.c. penny's, macy's nordstrom's, you said across the board these stocks would get higher. how does it get higher from here at this point? what does that process entail? >> i think i crossed on what i didn't say, it's a sure thing that nordstrom's stock will be higher. i think the macy's stock will be higher, maybe for penny, because what i think they're b

jeff bezos is worth $80 billion. he is above warren buffett and amancio ortega. >> i'm tim bigelbigel i'm dave . "new day" starts now. >> are not the deal you make. >> if he wants to reach out, we're all ears. >> washington lawmakers reaching a deal to avoid a government shutdown. >> we need to stop the drugs and human trafficking. >> donald trump has given us a graveyard of broken promises. >> they say we don't cover pre-existing conditions. we cover it beautifully. >> i think healthcare reform is around the corner. >> and this is not appropriate. >> it doesn't mean human rights don't matter. we need cooperation among partners in asia. >> this is "new day" with chris cuomo and alisyn camerota. >> welcome viewers from around the world and the united states. it is monday, may 1st. no government shutdown. congress has a deal to keep the u.s. government funded through next week, but through september. the bipartisan deal has a lot to discuss. notably money for the border wall. not there. funding for planned parenthood is there. >> and the white house extending an in

when i went to jeff bezos' facility they were building the same rocket for $30 million. do thing that were never done before. after russia launched a satellite our president said this. >> our nation should commit itself to achieving the goal before this decade is out of landing a man on the moon and returning him safely to earth. >> we are carrying that infrastructure with us today. nasa spend $18 billion of taxpayer money per year. half of that goes for the infrastructure that was built for apollo. they only have a third of the buying power so they can't do as much with the rest of it. john: most of the rockets going up now are private companies. >> space has been privatized. john: they are planning to go to mars. >> probably $50 billion by the time it's built. we have no money to do anything beyond that. the soonest we would go to mars would be the mid 20s and 3. i just don't think that that's going to be the way we get there. elon musk announced he's going to mars in 2018. not with people. but should he do that near the range with the heavy-lift vehicle. it will be ob

haidi: amazon has truly delivered for jeff bezos. personal fortune has left almost $21 billion this year at the stock surges towards and tops $1000. the stock is up 40% from a year ago and double-dip 15% gain of the s&p 500. power's success shows the of e-commerce. its market value of $470 billion is twice that of walmart. fired theber has executive at the center of a legal spat with his former employer, alphabet. he was hired to lead uber self driving program after spending years at googles unit. waymo sued uber claiming he stole trade secrets and patents. he was given a stock option worth $250 million when hired, and it was forfeited on his departure. traders have bond called no witnesses at the trial. are schapiro and to others betting that the prosecution evidence will be too weak to convict them. the three men did not take the stand. they are being accused of lying to customers about the price of mortgage bonds. a verdict is expected within a week. german plastics is seeing a rise in demand for its products. china is trying to d

he mentioned jeff bezos, that he's somebody he keeps an eye on.e pushed amazon into amazon web services. the cloud computing section. and that's made things tough for a lot of the companies. ibm has struggled with trying to go up against this area that jeff bezos created and that others seem to be doing well, too. but it hasn't escaped warren buffett's notice. he had some kind words to say again last night. >> jeff bezos i do think is the most remarkable business person of our age. i've said that before to you. to succeed in two different big businesses in a huge way is really -- i can't think of another example like it. and he talked on charlie rose three or four months ago, which was really good, he talked about how in the cloud he thought at best he would get a two year or a seven year. he's a tough competitor. you have some very smart people competing in that field. >> reporter: now all of these questions will be things that -- additional questions will be asked to both mr. buffett and charlie munger when they take the stage tomorrow. 6 1/2 ho

>> i was part of kleiner perkins when jeff bezos made the first pitch. it was all books. you just think about how far they've come. i look at amazon web services as the single most compelling, if you will, start-up that's been going on in tech over the last ten years. and the notion that a company that began as a retailer, the most important infrastructure player for the industry as a whole is astonishing. i think amazon has a lot of good days to look forward to. eventually they get to repeat the strategy microsoft did with windows where it went from operating systems into applications. amazon is hosting all the best applications. how long would it take them to go from zero to number one in e-mail, for example? or how long would it take them if they decided to make security a really, really, really important element of what they're doing? i think they could replace microsoft in a lot of these applications. so this isn't the end for them. >> you think they could destroy rivals at will? >> absolutely. there's no constraints today. no trust. there's absolutely nothing to sto

the net worth of amazon founder jeff bezos rose nearly $2 billion on friday.rted strong earnings that sent the stock skyrocketing. he's now worth about $80 billion, just behind amancio ortega and above warren buffett and way above mr. bigs and christine romans. >> i got to play golf, i thought it was a win. wow $2 billion. all right, guys, "early start" starts right now. >>> breaking overnight, negotiators reach a deal to keep the government funded through september, anyway. the deal features some big wins for democrats and funding for the president's border wall is out. >> isn't that the job, by the way, to pay the bills, keep the lights on? >> good job, government. >> good job, doing your job. >>> and pushback over the president's decision to invite the authoritarian president of the philippines to the white hou house. why the white house is defending it, and will rodrigo duterte even show up? good morning and welcome to "early start." i'm christine romans. >> and i'm dave briggs. it is monday, may 1st, 5:00 a.m. in the east. >>> and breaking overnight, cong

jeff bezos-- what has done with amazon -- he has transformed the economy and commerce in america. his idea was we are going to take the money we make and plow it that in the business. we are not going to give it to the stockholders. wall street that you are crazy. that will never work. he's now worth 75 billion. host: how does jeff base oh's hire people? guest: i asked him this once and he said four criteria, first i want people who have been right a lot. makes sense. -- veryeople who listen important to listen. he said i'm very interested in people who change their minds. and last, i want people who have failed, who are still standing but have had a failure because thanearn more from failure success. >> backstage you were kind of saying-- [inaudible] guest: yes, you, you know you are the robin williams of journalism. [laughter] [applause] guest: you have everything but the sense of humor. [laughter] guest: but, you're doing new things and you know we live on what's new. i send it to people, i applied it because its aggregation when someone has really good story, important story,

jeff bay soezos set that up and long ahead of the competition. bezoshe thought he had two years of runway before people jumped in, turns out they had more like seven years. we'll run more of those clips later this morning. >> thank you very much. look forward to that great stuff. >> thanks, guys. >> awesome knowledge on the fly of ibm share prices. warren buffett's number of shares. >> how open he is. just answers the question. >> cool under fly. even more to look forward to monday morning. >> our other guest shareholders could learn a thing from that. >>> to france, where today is the last day of campaigning before sunday's presidential election. the latest polls showing emanuel macron holding a lead over marine le pen. joining us is christian millard. thanks for joining us. >> good morning. pleasure. >> we spoke in france last monday after the first round results. after that result everyone very confident that this would mean macron would beat le pen. over the course of the last couple weeks of campaigning, has peoples view on that softened? has ther

stuart: for a moment, howard, take a quick look at jeff bezos and his net worth.t, $82 billion. it is up just $11 billion since the election. now, jeff bezos, as you know, howard, because he owns and runs "the washington post." so here you have jeff bezos owning the newspaper which is the biggest, i'm going to say the biggest hater of donald trump, where its owner jeff bezos is the biggest gainer from donald trump's election. now i would call that a contradiction. what do you say? >> well i don't agree with the biggest hater label but donald trump complained to me, the reason jeff bezos bought "washington post" to use its influence to help amazon. i haven't seen much evidence of that. bezos is not much involved in the newsroom. his net worth shooting up is part of the trump bump. amazon more valuable than other companies. after all the years wall street dissed bezos and thought amazon would not be a moneymaker i don't think trump gets all the credit but bezos benefiting from surge on wall street. stuart: i think as "washington post," the political newspaper. certa

about some of those competitors, the one he mentioned more than any was amazon, pointing out that jeff bezos really been able to do with the amazon web services, the cloud division, what none of its competitors saw coming. bezos has been phenomenal in two different industries, with online shopping and secondly with the cloud services. he's been incredibly impressed by that. and talked about how none of the competition really saw that coming. he said bezos himself says that -- said he had expected to get about two years lead time, by moving into cloud services. he got seven years head lead time and that has made all the difference for amazon. now, another stock that buffett is a huge shareholder in is apple, the other technology stock we talk about being a berkshire holding, one he moved very aggressively into and berkshire hathaway owns more than $19 billion worth of apple shares. and he talked about those earnings as well because obviously those earnings came out earlier this week, a bit of a disappointment to the street, warren buffett said he was not sf disappointed by it. he talked about

>> the risk is when jeff bezos has stated the goals for prime air.se goals will hardly be achieved if they can't retain pilots that operate for prime air and deliver everyone's packages. >> reporter: thank you very much. amazon build out its logistics business. back to you. >> thank you. as the stock continues to hit all-time highs, wall street analysts remain bullish. there's not a single sell on the street. jason ware is the ceo who owns amazon stock for clients. great to have you with us. >> a lot will say the valuation is crazy. what metrics are you using to get your arms around investing in amazon? >> sure. so we look at price to sales is a good metric to look at. here is a company doing $143 billion in trailing revenues. and then upwards of $200 billion. one of the reasons we know amazon profits and cash flow are there if we were to cease the investment spending. we want them to continue with the innovation. the price of sales is at a five-year high. does that warrant it at the time. amazon is investing so level in everything and becoming an ai

and it's attracted multi- millionaires and billionaires, like elon musk and jeff bezos.layer is las vegas real estate tycoon robert bigelow, who, at 73, is making the biggest gamble of his life. not on rockets, but on expandable spacecraft-- large, lightweight structures that inflate in space-- a technology that could dramatically change how humans live and work in zero gravity. nasa has partnered with robert bigelow, who's an unconventional figure in the aerospace world. he's more at home on the vegas strip than at america's space agency, and he's obsessed with aliens and u.f.o.'s. in the spring of last year, he and nasa carried out an historic test to prove his high-flying technology is ready to support humans in space. >> three, two, one, liftoff... >> logan: when elon musk's space-x rocket roared into the skies above cape canaveral, it was on a mission for nasa, carrying nearly 7,000 pounds of cargo to the international space station: food, supplies and robert bigelow's expandable spacecraft. >> robert bigelow: flying to the international space station, is a really b

but it was enough to put amazon's ceo jeff bezos within striking distance of topping bill gates' wealth to become the world's richest man. tonight, a look at how amazon got to where it is today. >> reporter: may 15, 1997. amazon debuts on wall street. shares were priced at $18 and closed at $23.50, up 31%. four years later, during the t dot-com bust, many internet companies fold, but amazon weathers the storm. then came the growth. amazon rolls out its amazon prime membership service and guaranteed shipping. tens of thousands of people sign up in the first month. the following year, the launch of amazon web services, a secure cloud services platform for businesses. today, amazon prime is one of the world's most popular subscription services with tens of millions of members. amazon web services is now used by more than 1 million customers and has a third of the market share for cloud spending. may 15th, 2007, amazon turns 10. closing price that day, $60.58 per share. now a decade later, shares break the $1,000 milestone. in the 20 years since its ipo, amazon is the third biggest company

bezos to pull it off. that was his biggest issue. he thought there were hard challenges and he couldn't pull it off and he did. a lot of people doubted jeff e bezos when he wasn't making profits. you remember when they were c l called amazon.bomb years ago. he probably should have focussed on tech more. we tried to get him to come to code. he said i don't get tech. i don't like the business. i was like it's kind of big. we talked to his people all the time. it was interesting. it was a resistance to looking at something. i could see why looking back you would do that. because the prices. but even now amazon and alphabet have big bets in ia and automation. i think those are two dbig area going forward. they are pricey, but you have to wonder who is going to own the next part of the computing product. >> it's not like he doesn't have any exposure. he owns apple and ibm. we can glean something from both of these investments if you're looking at the buybacks. you're getting ramped up again at apple, whether it's a consumer products company. talked about watson as an ai play. you can glean miss tech incite there. >> and effectively, i think it

. >>> new report says amazon's jeff bezos and apple's tim cook could bury the hatchet. the hatfields and the mccoys getting together. we'll explain a little bit later. let's begin, though, with mr. buffet's market moving comments on ib mrgs today. this is what he told becky quick on why he sold a third of the shares. >> i don't value ibm the same way that i did six years ago when i started buying them. i mean, overall, i think the six years that i revalued it somewhat downward, and as a matter of fact, over the 180, we actually sold a reasonable amount of stock. >> you sold a reasonable amount of ibm? >> right. >> last i'd seen you, something like 13, 14 billion dollars worth of ibm. >> that was a different price. >> trying to think back the number of shares -- >> we owned about 81 million shares. >> okay. >> and we -- when it got over 180 -- >> a share? >> a share. and compared to the valuation, we started selling stock, and that was all in the first quarter. most was in the first quarter. some in the second quarter. >> how much did you sell. >> about 30%. >> 30% of th

online retailer amazon opens at nearly a thousand dollars a share and that's good news for founder jeff bezos. if it keeps rising it puts him on track to become the world's richest man. just, 3 billion shy of bill gates. >> so close. >>> all right, when we come back, why you were likely overcharged for your last emergency room visit. >>> and galloping through the streets of new york city. a horse runs wild through rush hour traffic. why not give professional-you the day off? amateur-you has got this! it's just an open house. you stand there... smile pleasantly... and hand out a few brochures. (yelling) you could do it with your eyes closed. (police sirens) yeah, that's not gonna work. bring out your best you, and awaken your senses with the refreshing taste of tropicana. flea bites can mean misery for your cat. vantage®i monthly topical kills fleas through contact. fleas do not have to bite your cat to die. fight the misery of biting flea