successor, first he said jeff bezos will be ceo forever but it will be and the more jeff them both of those unfortunately a lot of the senior leadership up until recently has been at amazon that both joined in the late nineties to help jeff bezos steer amazon through that.com best to build it what it is today jeff ran the consumer business and then retired last year and andy was the shadow the chief of staff early on in the amazon lifespan. then he took over the idea of aws and cloud computing. as a relic of the past amazon for a long time was a very unprofitable company it lost money and investors had a lot of patience but aws was the struggling gem in the portfolio because the net income was high and this is cloud computing that you think i company that used to have the data center in the back, walled off servers blinking with air-conditioning no longer has that they are computing power is on the internet. that is cloud computing and jeff bezos with jeff self conceived that early 2000 is a huge business now 50 million-dollar run rate and jeff has steered that so it has been a remark

until recently has been very mail items on both of those guys joined in the late '90s and helped jeff bezos steer amazon through the .com bust really build into what it is today and jeff okay, he ran the consumer business in the actually retired this year. and andy was a shadow, the chief of staff early on in amazon's lifespan. and he then took over this id for a ws or computing. some people might remember, relic of the past, amazon longtime was a very unprofitable company kind of lost money and investors have a lot of patience for it. but aws was always the sparkling gem in the portfolio because the operating margins of the net income was high and this was cloud computing, little difficult to understand to the layperson but think about the company that used to have a data center in the back, walled off and humming with air conditioning and service they're sitting there blinking. they no longer have that. there computing power is on the internet and amazon's data center for the google's microsoft and that his client computing to the chassis help conceded that in the early 2000 is huge busin

but i do think jeff bezos will be the loudest voice in the conference room.iling the high saes. >> yachts plural. one of the things about your book is you managed to track down the person who provided the voice for alexa through canvassing the voice active community. she had recorded radio ads. did you get to speak to alexa herself? >> i had to do a fair amount of sleuthing. her name is nina rollie. she lives in bolder. i did all my due diligence in figuring out it was her. i did give her a call. she couldn't talk to me. but it was unmistakable. that voice is distinctive. but no, i did not talk to her at length. >> i wonder if she asked alexa to hang up on you. brad stone author of "amazon unbound, jeff bezos and the invention of a global empire." thank you for your time. congratulations on the book. >> thanks, mehdi. >> thank you all for watching the show tonight. we'll be right back here next sunday 8:00 p.m. eastern. catch me monday through thursday at 7:00 p.m. eastern on "the choice" on peacock. but now it's time to turn it over to joshua johnson. >> tha

see later this year because andy jassy is a great operator but he he is not the innovator that jeff bezosu look at the innovator team, they are not as many technologists as their once were. jeff says he is not going anywhere. he wants to continue to continue to work on new things. over time, i think they are going to have to find someone with as much of his magic if -- they want to continue to pioneer new industries. emily: you mentioned jeff bezo'' personal journey. alluding i believe to his divorce and what is new going on in his personal life. you do paint that as a kind of turning point. did you see a turning point in jeff bezos the ceo? i believe the way you describe it is amazon employees at a , certain point were still asking, is this still our ceo? talk to us about that change in -- and how dramatic that was for him and for the company. brad: totally dramatic and totally surprising to the people who knew him well and other executives at the company. you know this was someone who , was wholly focused on the business, who was unfashionable, who saw himself as a family man and integr

brad stone recently published his second book on jeff bezos, "amazon unbound: jeff bezos the inventional empire." emily chang sat down with him and asked him to compare blue origin's and spacex and their leaders. brat: in the empire of accomplishment, blue origin for jeff bezos is the tarnished jewel, at least right now. emily: the ugly stepchild? brad: let me use the word they use. it is the tortoise and not the hare. he always wanted to go slow. he wanted to keep the team small and move step-by-step. the edge of space and bringing tourists will be the first step. then they would get orbit and get to the moon. then the hare came along. elon musk finances with venture capital and government contracts. they do quite well. jeff bezos has a fair amount of -- i do not know jealousy is the right word -- but curiosity, here elon musk is getting paid by the government to launch and here he is still firing -- we have seen jeff bezos accelerate blue origin's timetable, its ambitions, and seed a little bit of dysfunction. there has not been a lot to show for it. guy: the hare and the tortoise. l

look at jeff bezos,? right the founder and ceo of amazon. the richest man in the world.weeks before the pandemic began, jeff basis had amassed an estimated 130 billion dollars. a little more than a year later he is worth around 186 billion dollars. he's worth near 60 billion dollars more now than he was before covid. for context, charles koch is the 14th richest man in the world. not bad. he's worth an estimated 64 billion dollars. it is right now a very good time to be a billionaire. they have so much money it's almost impossible to make sense of it, right? i mean again, the math here is obvious but just take a second to remember what we're dealing with here because words of magnitude or heart. if you make $50,000 a year it would bait take 20 years to make a total of 1 million dollars. it would take 20,000 years to get to a billion dollars, right? a billion dollars is so much money, jeff bezos is north worth nearly 200 billion dollars. that's a question that comes, what on earth to do with that money? what do you do? it's impossible, utterly impossible. to spend it it's

jeff bezos' newspaper affecting congress and therefore your life. the rest of us finding it by buying cheap plastic crap from china? our next guest has a plan to make you less reliant on that. that's next. ♪ ♪ my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. as the covid-19 vaccines become available you may have questions. and that's normal. so, for the latest information, visit getvaccineanswers.org it's up to you. >> tucker: well, there is no information tonight about a very strange relationship, we first n told you about it on this show. fox news' trace gallagher has more on this. trace? >> if he were still alive, you can bet -- when it comes to the political odd couple of frank luntz and kevin mccarthy, one thing is still certain, there is a rulere violation, we just don't know which will. if

a billion dollars is so much money, jeff bezos is worth nearly $200 billion.es what on earth do you do with all that money? it's utterly impossible to spend it. too much. so one of the most expensive things you can buy in the world, probably the most expensive thing you can buy is a yacht, and you'll never guess what. yacht sales are absolutely crushing it right now. the market has been roaring since sam tucker, head of superyacht research, the number of transactions in recent quarters was record breaking. the secondhand market is red hot. if anything, demand for extravagantly yachts has outstripped supply. it's impossible to get a slot in a new build yard. they're totally booked. tell me about it. not surprisingly, jeff bezos, the world's richest man, is now going to build a superyaupt of his own. the world of superyachts is, as you might imagine, very secretive, but it's estimated this new superyacht is going to be 417 feet long and to cost more than half a billion with a "b" dollars just to build. the thing is that is about .2 of a tote olof his wealth or w

, we will see him drop the executive title from executive chairman, but jaffe learned alongside jeff bezoss a bezos disciple. i don't think it changes the company all that much. emily: interesting. one of amazon's biggest problems looking ahead is regulatory scrutiny. we just got headlines that senator amy klobuchar is investigating amazon. what is your reaction? brad: that there is not just some dissatisfaction, but ultimately, this is a legal proceeding. one of the big gauges is does this eliminate competition? mgm is a relatively small studio. there's plenty of competition in the streaming wars, so i think the doj for ftc will ask if it meaningfully eliminates choices for customers, and it is really difficult to make the argument that it does. emily: this is on the back of the washington attorney general filing the first antitrust suit against amazon in the area of third-party sellers, where amazon has argued it does not have a monopoly even in e-commerce. brad: right. if you look at overall market share in retail, that may be true, but there is the aspect of its conduct and amazon forc

there was jeff bezos' personal journey. amazon's navigating of the pandemic and becoming a lifeline for millions of customers around the world . -- the world. what i set out to do was allow people to understand the company. it is not as simple as what a lot of critics and regulators want to make it out to be. it is worthy of scrutiny. i try to get into what its tactics are and what some of the anti-competitive tactics are and why it is worthy of understanding it. emily: you talk about so many of amazon's when shots. -- amazon's moon shots. thank you for my advance copy. building a ws and blue origin and the one thing that stood out to me was that all of these things were really jeff bezos' ideas and he alone were pushing these projects that many people told him were not good ideas to start. he and the company made it happen. that seems to be somewhat of the theme. brad: yes and no. certainly alexa springs almost fully formed from his brain. he sent an email to his top executives, we should build a computer whose brains are

jeff bezos' newspaper affecting congress and therefore your life.t of us finding it by buying cheap plastic crap from china? our next guest has a plan to make you less reliant on that. that's next. ♪ ♪ do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >> tucker: well, there is no information tonight about a very strange relationship, we first told you about it on this show. fox news' trace gallagher has more on this. trace? >> if you were still alive, you can bet -- when it comes to the political odd couple of frank bronze and ke

yes, so of course jeff bezos holiday in mars? th and elon musk, of course, is planning to take people to the international space station, which is over 400 kilometres away from earth and those tickets will be costing over 55 million us dollars and the duration would be about ten days so that is a whole different level of experience and, of course, these entrepreneurs dream big and they do want to take people on holidays to mars when the technology is available and safe. in technology is available and safe. ., technology is available and safe. . . safe. in the meantime, we are seeinr a safe. in the meantime, we are seeing a lot — safe. in the meantime, we are seeing a lot of— safe. in the meantime, we are seeing a lot of progress - safe. in the meantime, we are seeing a lot of progress in - seeing a lot of progress in terms of what is happening on the red planet with various initiatives on the part of nasa together with the likes of elon musk as well. a lot of progress has been made in recent times? yes, of course, but we do not re

what is to stop a person with as much money as jeff bezos from being invincible? they have not missed a step, particularly in the pandemic, as you note. that kind of wealth and power does have some influence. the senator from washington proposing legislation to redo masses conference on the space exploration, and the eu is investigating amazon, and the ags in california and new york opened investigations, so he's got influence. amazon is a huge lobbyist, 18 million in 2020, but also makes it more of a target. >> but we live in a country where billionaires largely are celebrated, where we're told by a lot of our political leaders to celebrate american corporate success stories. do you believe the world is better off with amazon as it currently exists in it? what independent booksellers might say and -- >> it's the question in my book, is the world better off with amazon and bezos in it? on the one hand this company created $1.6 trillion in market value for investors and some small part for bezos himself, and it's got convenience and selection, and at the same time

strong, losses doubled, as well it was interesting, yesterday snowflake received high praise from jeff bezos at the amazon shareholder meeting. he named snow as an example of a successful upstart doing a great job and growing quickly. thought that was interesting because bezos doesn't usually mention competition by name, but it's also as if the market haven't appreciated snowflake. its price to sales ratio is still above 100. so some very lofty expectations to meet and investors are not liking those widening losses >> it is a signal of just how, i guess -- i won't say the nerves are deadened, but we're certainly accustom to revenues jumping 110% and getting guidance raises on top of that, john i guess some would argue because of all that and the market action shows on the market has been efficient as trying price some of these names. >> and look at the roller coaster ride of snowflake's stock price since its ipo. it's held a lot of that value from where that kinds of post ipo pop was. on the jeff bezos line, i mean, i think different ceos have a way of silently screaming we are not a monopol

jeff bezos may think he's -la in: a diet. jeff bezos may think he's playing a god _ diet.thank you very much forjoining us. time now for a look at the weather with a man who's always shaken and never stirred. hello there. by by finally wielding areas of high pressure building and for the end of may, that'll... and also temperatures will be on the rise as we head into the bank holiday weekend. had pretty heavy showers across northern and eastern areas through the day, that will fade away overnight. most places will be dry, and legacy of cloud across scotland in northern england, some missed patches around too. temperatures at 4-7 c. we patches around too. temperatures at 4—7 c. we start tomorrow morning off with a good deal of sunshine around, and he clouded missed in northern areas will melt away, just the chance of the odd shower developing across central and eastern areas, most places will be dry, it will be much warmer, 18—19 c in the central belt, we could reach 20 celsius somewhere in the southeast. but it will be turning cloudier and wetter out west thanks to a weath

jeff bezos is the subject of daily headlines about in everything from his net worth to plans for space. the new book is called "amazon unbound." and there is a lot in here. with stone filling in details about bezos versus the n"the nal enquirer," and remember that and the face-off with donald trump and how "the washington post" factors in. brad is normally the senior executive editor for bloomberg news and with me now. brad, great to see you. how do you cover the world's richest most powerful people and pierce the bezos bubble to learn more about him. >> it is not easy, brian. that is a secretive company and he's a secretive person. i have some history. i wrote another book about the early years of amazon called "the everything store" in 2013, but what happened as the past few years is the company changed. 30,000 employees to over a million. 100 billion market cap to $1.6 trillion and alexa and ownership of "the washington post" and tangled with trump and i knew i needed a sequel and so unfortunately there is a lot of turnover and a vast population of employees who are willing to talk

we don't know where it came from but this is another area were elon musk and jeff bezos are fightingng to launch tons of satellites into low earth orbit which is creating those kinds of conditions, those dangerous conditions that we saw. >> it's absently writes, i want to be clear, huge market for internet connectivity from space. morgan stanley says that market could be as big as $400 billion by the year 2040. that means there's lots of of opportunity there. we have to be safe in space. if we need to make sure the united states government through its regulators, the fcc and members of congress need to get active here and start saying what we need to do to be safe and we need to make sure there is access to low earth orbit for a lot of different companies. we have to make sure there is competition. i've always said the only thing worse than a government monopoly is a private monopoly the government is beholden to. we have to prevent that from happening for anybody, we need competition in the marketplace, there's a lot of opportunity here for a lot of different companies to provide in

coming up, the untold story of how jeff bezos beats the tablets.exclusive excerpt from the new book "amazon unbound was quote. --] amazon unmound. stay with us. this is bloomberg. ♪ emily: a new book out next week about jeff bezos captures the ceo's decade-long transformation from a single-minded techie to master of eight trillion dollar empire. joining us as the author brad stone. those words yours, not ours. how did your excerpt -- you save yeezus be the tablets when photos were in the national enquirer. how did he beat the tabloids? brad: if folks reflect back to that time, was it the brother, the saudi's, trump. i think that was the point. that remarkable post in early 2019, he says ami was trying to weaponize journalistic privilege and wrapped himself up in the washington post and said this is the most important work that i do. when i research this, i thought it was a team business book until all of this happened. i found it was a simpler story. it was the brother who sent all of the information to the national enquirer. bezos and his camp mig

jeff bezos last day as ceo of amazon will be july 5 e billionaire said during a call with shareholders. it was announced bezos will hand the reigns over. july 5 holds sentiment a the value to the company which was incorporated on the date in 1994. bezos will become the executive chairman. >>> americans starting to win big prizes for being vaccinated against covid-19. ohio announced the first vax million awards. one woman won a million dollars and a teen was awarded a full scholarship to a state college. maryland gave out $40,000. five states have cash lotteries. that's your cbs money watch report. >>> this morning there is a multi million dollar cash pay out for victims of two major northern california wildfires. several cities and towns will collectively receive $31 million from pge. the settlement stems from damages caused by the kincaid fire in october 2019. investigators say pge's aging equipment was to blame. pge is shelling out more than $12 million for the role in last year's zog fire. four people died in the wildfire which charred more than 56,000 acres. pge said it is working

that being said, keep in mind this is jeff bezos very customer focused.at from the amazon side of things. he has said repeatedly over the years that will be the game plan for this company as well i think there's also -- and i know this from my conversation with the folks at virgin galactic over the years, they're competitors, but i think in many ways you will potentially see some overlap in terms of people that buy tickets on one but also maybe buy tickets on the other as well, because they are different experience, albeit ones that go to the edge or just past the edge of space >> we could see some space c connoseurs maybe they could throw in some edge-of-space photographs. >>> meanwhile, honest opened shares gaining about 30% in initial trading. it was founded by jessica alba head to cnbc.com to watch the full interview >>> doge, another surge today, now up more than 13,000% since the start of the year. you heard that right a lot more "chectechk" still ahead, so stay with us so you're a small business, or a big one. you were thriving, but then... oh. ah.

>> jeff bezos can afford it. [ laughter ] >> yeah. no.2 diabetes was knocking me out of my zone, but lowering my a1c with once-weekly ozempic® helped me get back in it. ♪ oh, oh, oh, ozempic® ♪ my zone? lowering my a1c and losing some weight. now, back to the show. ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. ozempic® isn't for people with type 1 diabetes or diabetic ketoacidosis. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, v

it has been alternating between jeff bezos and elon musk.eff bezos took back the top ranking as wall street opened. they may be stylish and practical, and a lucrative part of the fashion industry, but are your blue jeans bad for the environment? an exhibition in paris is dishing the dirt on denim. reporter: they are one of the most popular items of clothing on the planet, with 73 pairs sold every second. but blue jeans are among the most polluting. a new exhibition in par covers a history of the cult garments, including how it is produced. >> [speaking french] reporter: one pair of blue jeans uses 11,000 liters of water and two kilograms of fertilizer with around 450 million pairs sold each year just in america. the environmental impact is significant. while workers who make blue jeans are often exposed to toxic chemicals. but blue jeans are big business. in 2019, the global denim fabric market was valued at around $90 billion and is expected to reach $105 billion in 2023. with no sign of demand dropping, some are suggesting they should be m

>> of course i didn't time it or have any idea that jeff bezos would be leaving as the ceo of amazon in fact i started this book in the beginning of 2018 so the list of things i didn't know about his long. i think it was just being announced and that played out in the early stages of my research. the divorce from mckinsey and the whole tabloid over his personal life happened midway through my research and then i was writing it during the pandemic, this extraordinary time when the amazon, a rapidly growing company was given an injection of steroids and moved into the center of this acrimonious debate of how it treats its workers during the covid-19. i'm sure you can appreciate this being a total glutton for punishment, because i was proud of the everything story and it occurred to me over the years that it was a sort of dated history. it was the beginning, the origin, the rise of jeff bezos and then there was alexa and the growth of the transportation network and the explosion of the marketplace. so much happened the company had to become the trillion dollar company and this was the w

jeff bezos has more money than god.ore business of amazon prime -- >> live there recording on the latest from jeff bezos. thank you very much. >>> we have less than a couple months until the tokyo olympics are set to begin. key words being set to begin. this morning, there's new pressure on japan to cancel the 2020 games which are delayed. you have a japanese newspaper, an official partner of the games, now openly calling for a cancellation. they say strains on the medical system. you have a state of emergency set to expire soon in and around tokyo. covid cases are on the rise. the vaccine rollout across that country has been barely started. you have olympic officials who are very sort of certain they will keep the games going on. they are incentivized to do that. there's a lot of money in keeping the games going. what would it take for a postponement or cancellation? is it your sense those things are off the table? >> reporter: everything that we are hearing from the ioc is that this is full steam ahead. officials have

jeff bezos, if you're watching. in today. 39-year-old princess, i think she's a princess, of course she is, yesterday received the first dose at london science museum and grateful to everyone for being a part of the rollout. she had no comment on the possibility that i could be the next james bond, but maybe that was on pace, too. [laughter] ♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪ ♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today. 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. - [narrator] imagine a shirt that actually makes you feel better, introdu

jack: it will be fun to see what they do after daniel craig who will jeff bezos because james bond.k. the memorial day holiday we have picked books. beverly, what do you have for the viewers? >> i've got noise, the new book, nobel prize winner in economics but writes a very friendly way. in noise he looks at why decision-making is so hard and how we can get better at it. if you don't want to read the book, read my interview with him in this week's issue. jack: i will try to read both but i would start with your interview. carlton, your pick. >> beverly has one of my favorite economists but i'm looking at money, the true story of a made up thing and it takes a look at the history of money going from trading shells to now i guess we are using paper and maybe even bitcoin, to some extent and how social relationships played into how we came to understand money. jack: carlton, beverly, great book ideas. thank you so much for dream or check out this week's edition@barron's .com. to forget to follow us on twitter at barron's online and twitter at barron's online and that is all for us ...

forbes magazine ranks bill gates as the 4th richest man in the world with amazon's jeff bezos the richest both men made their money with big tech and with creative accounting taking advantage of differing tax codes around the globe last year amazon's revenue came in at almost 44000000000 euros across the company's european operations that was a record some made possible by the pandemic surge in online sales to all of that income is declared via amazon's edu parent subsidiary which is based in luxembourg and here's a thing that subsidiary made a loss on paper so amazon paid no corporate tax whatsoever on the billions that it earned and that story was researched by the fair tax foundation i'm joined now by its chief executive paul one example it's good to have you on the program and maybe you can help us understand here we're talking about millions billions in turn over yet zilch in corporate taxes paid by amazon how does that work and how is that legal. i'm smiling but i shouldn't be really. i think we're all used to seeing stories of amazon not paying any tax around the world but the late

forbes magazine ranks bill gates as the 4th richest man in the world with amazon's jeff bezos the richest both men made their money with big tech and with creative accounting taking advantage of differing tax codes around the globe last year amazon's revenue came in at almost 44000000000 euros across the company's european operations that was a record some made possible by the pandemic surge in online sales to all of that income is declared via amazon's edu parent subsidiary which is based in luxembourg and here's a thing that subsidiary made a loss on paper so amazon paid no corporate tax whatsoever on the billions that it earned through that story was researched by the fair tax foundation i'm joined now by its chief executive paul flown am paul it's good to have you on the program and maybe you can help us understand here we're talking about millions billions in turn over yet zilch in corporate taxes paid by amazon how does that work and how is that legal. i'm smiling barr shouldn't me really. think we're all used to seeing stories of amazon not paying any taps around for the latest set

even bigger with its biggest deal since buying whole foods, but this morning surprising news about jeff bezos no longer the world's richest man. who's taken the number one spot and it's not bill gates. >>> plus, from the perfect diamond fetching a perfect price to the actor who will play a young willy wonka long before the chocolate factory to a colorful obsession for dunkin' fans. all the trending stories for your tuesday morning. >>> and good tuesday morning, everyone. we begin with that tragic plane crash. a small plane crashing right into a residential neighborhood of las vegas. >> we learned overnight that pilot was killed when the plane went down just outside nellis air force base. shortly after takeoff. >> the aircraft was owned by a military contractor involved in training missions. a terrifying scene in this residential neighborhood of las vegas. thick black smoke billowing into the sky after a plane crash left this backyard looking like a war zone. >> this was an f1 military aircraft that just crashed. >> reporter: authorities at nearby nellis air force base say the plane operated b

look at cases like jeff bezos or somebody. jeff bezos's wealth increased by tens of billions of dollars this past year, during the pandemic. tens of billions of dollars. he will pay no tax this year on that increased in his wealth. and if he keeps those assets, that entire gain will never be reflected in his income, and will never be subject to capital gains taxes. president biden's plan only raises the rate on capital gains so that it matches the top right on regular income, but a close that loophole so that huge amounts of capital gains, like, nasa became relations of wealth like jeff bezos has and other billionaires can't escape income tax indefinitely. host: let me ask both of you, there was a clarification coming from the white house as far as who will be taxed on the certain situation. the axios headline says that when it comes to that $400,000 figure that we heard about from the white house, it would be for individual earnings, not joint filers. mr. hammond, what do you think about this clarification? guest: president b

jeff bezos is stepping down as ceo.ow much of his magic will remain at the company. guy: we look forward to the book. regrets. -- congratulations. bloomberg's brad stone. in a few minutes boris johnson holding a press conference at 10 downing street. the exhilaration of the unwind of the restrictions in the u.k. is the subject of that. the bond market a big focus. bond options going to be a theme. alix: we get the tens, the 30's. we also get you a cpi data and president biden will host his first meeting with the house and senate leaders. thursday you get u.s. ppi and earnings in there as well. like i said early, i went around the corner where the offices. there was a line around the corner. any price increases or anything is not getting dented in terms of retail sales. guy: could you stand of the line or did you not stand in the line? alix: there was when i went in and i was like this is insane. there were so many people in the store. no t-shirt is worth this. then i -- then there was around -- then there was a line aro

that's probably why jeff bezos can buy a 418-foot yacht or whatever the hell. [ laughter ] >> becausefront. but i don't want to break eggs. >> once you're up, there's no return of going down, you know that. [ laughter ] >> once you're up, you're up. no, once you're up, you're up. >> jimmy: wow, you're tall. >> once you're up, you're up. you don't want to waste this food. you're up. >> jimmy: for sure, yeah. >> this is how you train. you learn -- >> jimmy: you're just jumping around, wow. you make it look easy. ♪ >> let's see, come on, jimmy. >> jimmy: really, what i have to do -- the dismount. [ laughter ] i thought i was going to have no problem with this. >> nice! >> jimmy: this is the hard part. >> yes! [ cheers and applause ] >> jimmy: you're very relaxed. i'm like frankenstein. >> loosen it up a little bit. [ cheers and applause ] >> jimmy: loosen it up. wait, this is not good. you know, in my mind, i felt like i looked good doing it. then i saw myself. [ laughter ] >> so now just relax, now strut. now you make big steps. [ cheers and applause ] >> jimmy: oh, watch this, heidi. >

did you know jeff bezos made $75 billion last year. he makes more money every second than the average american worker makes in a week. every minute, he makes more than three average workers earn in a year. when he walks by atms, they just start shooting out money like confetti. [ laughter ] but is he happy? yeah, looks like he is. [ laughter ] here in california, caitlyn jenner is learning that running for governor isn't exactly like running in the olympics. she is polling at 6% in our upcoming recall election, well behind two other republicans. do you know who those other republicans running are, ahead of caitlyn jenner? >> guillermo: no idea. >> jimmy: no one does. [ laughter ] none of them have any idea because none of them are on the e! network. caitlyn jenner is hoping to become our next governor even though she admits she did not vote in the last election. but she had a super solid reason for not going to the polls. >> i thought, the only thing in california i worry about that affects people is the propositions out there, and i d

they don't break out prime video and jeff bezos said in the last quarterly earnings that 175 million ime subscribers tuned into a tv or movie and why are you so certain it ends in tears? look at its success with twitch. bezos left that alone and it's continued to grow and thrive and looked like a pretty smart deal. >> i think they've actually meddled with twitch but twitch is a tech company. fundamentally that is a software engineering challenge that gets to level up software engineering using amazon scale there's a compatibility of the culture there that makes sense historically, if you look at tech companies or telecom companies, buying media companies, the culture clashes destroy the deal i'm going back to aol buying time warner, at&t having to spin off warner media because they tried tomess with the culture, bled all the talent and realized the margins weren't going to be there at the scale they wanted to be at, and who they sell it to, sold it to a media company i think at the end of the day, this is an experiment in trying to buy something fancy at a 40% premium, because as you

pension accounts from destroying the moral fabric of the country people like warren buffett or jeff bezos or bill gates successor etc they did so they achieve their wealth at the expense of the common good they literally threw the country under the bus and now we're dealing with the consequences of really starting with reagan and thatcher and the deregulation and central banks became activist under greenspan bernanke yellen and now jay powell where they do the bidding of the oligarchs and america has a very nasty oligarch problem and we need a leader that can deal with the oligarchs clearly the current policy leadership in the washington has no way to deal with oligarchies in america that's sad so going back to the 1970 s. and comparing the situation to then we're 50 years since the us dollar began and a global reserve standard in 1971 when nixon took us off the gold window so full circle like we started this year saying the u.s. dollar turns 50 is that going to make this year and of course the entropy sets in the entropy sets in the human being when you turn 50 things start going wrong y

>> jeff bezos. >> good job! if you were the richest person in the world, what would you do?stly, i think i would buy candy. >> buy candy. >> and buy toys. >> and buy toys. >> and buy hospitals. because you are very sugary from all that candy. >> diabetic. >> what does diabetic mean? >> diabetic means you have diabetes. >> you can tell me a lot more on the walk home. >> okay. ould donate $1 million to all the people in need. $1 million to the vaccines, all three, johnson & johnson, pfizer, moderna. and i would buy orphans a home. >> deanna, would you like to change your candy answer? no, you're sticking with it? >> buy myself a house and a car and a typewriter and a new computer and a phone. >> would you spend some of the money into developing a cure for the hiccups? >> yes, probably. >> our thanks as always to basis manhattan for sharing their amazing students with us. one told us she would use some of her money to run for president some day. she would have my vote. >> whatever they've been teaching on those zoom classes, keep doing what you're doing. i can't beam all those

jeff bezos' company announces it will launch its first sightseeing flight this summer. >> we have flown this vehicle 15 times. and after the last flight, we said it's time. let's put people on board it. >> on july 20th, the shepherd rocket will take off from texas carrying six passengers. the first seat on the rocket will be auctioned off to the highest bidder. the winner will become the first private citizen to launch into space from u.s. soil. astronauts from the space station cheering on this new space race. >> this will hopefully open the door for many more people, civilians, per se, to be able to come up and experience what we get to experience. >> while the ticket this summer will fetch a sky high price, the trip won't be a long one, only about 11 minutes with passengers experiencing a few minutes of weightlessness before returning to earth. other companies getting into the space tourism business, including spacex, plan to charge millions of dollars per seat. spacex celebrating its first, the company landing its starship spacecraft prototype for the first time. without incident. a

forbes magazine ranks bill gates as the 4th richest man in the world with amazon's jeff bezos the richest both men made their money with big tech and with creative accounting taking advantage of differing tax codes around the globe last year amazon's revenue came in at almost 44000000000 euros across the company's european operations that was a record some made possible by the pandemic surge in online sales to all of that income is declared via amazon's edu parent subsidiary which is based in luxembourg and here's a thing that subsidiary made a loss on paper so amazon paid no corporate tax whatsoever on the billions that it earned through that story was researched by the fair tax foundation i'm joined now by its chief executive paul thought to have paul it's good to have you on the program and maybe you can help us understand here we're talking about millions billions in turn over yet zilch in corporate taxes paid by amazon how does that work and how is that legal. i'm smiling by shouldn't me really. think we're all used to seeing stories of animals and not pain and attacks around the wor

what we saw with mckenzie scott and jeff bezos's divorce in washington state, jeff ended up getting 75% steak and mckenzie got 25%. right now we are not sure what will happen with the fortune and how it will be split, and we are also not sure how long it will take. it depends whether they have already filed, there is a 90 day holding period until they can dissolve the marriage. we don't know where they are in that process. shery: any idea what happened here? sophie: no, no. i have no clue. [laughter] haidi: of course we have talked about the inevitable comparisons to the other big tech billionaire split, mckenzie and jeff bezos, mckenzie scott i should say, and 2019. how does this compare to the complexity and whether that could give us an indication of what happens here? sophie: there are a lot of similarities and a lot of differences between the two couples. obviously they are both tech billionaires who live in washington. but the amazon fortune held by jeff and mckenzie was more straightforward, most of his wealth was held and amazon, they had a 60% -- 16% stake and it was pretty str