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

>> guest: so the opening anecdote of the book is jeff bezos being inducted into the smithsonian portrait gallery. this is the sanctified hall of the most famous americans throughout history, frederick douglass, abraham lincoln, george washington and bezos along with half a dozen other people like lin-manuel miranda are being inducted. the portraits are going to hang in the gallery. and there he is at the opening ceremony. his son preston introduces him. he gives a speech. he surrounded by the upper crust of american society, politicians, media. and through a number of things i really liked about it. one thing he said in his speech is he committed the artist for the portrait, which is quite severe. i don't know if you've seen it, eugene, but he looks scary in this portrait and he commends the artist for kind of portraying him, you know, scars and all, he says. he says i've gathered a lot of scars in the last 20 years leading amazon, and that's one thing the portrait shows. i think metaphorical scars. i like that because the book was going to be an account of his warts and all, rise to pow

kennedy: well move over santa claus, jeff bezos is coming to down will donate majority of his 124 billion fortune to charity before he dies but he is laying off thousands of employees before the holiday season. should bezos follow through with his plan or is there a better use for his money. joining me now jonathan hoenig is back. so, a lot of people think, charity is amazing you are so amazing, you sign a pledge. is there a better way for him to disperse his 124 billion dollar fortune. >> we hate bezos for making all this money, but he is a good guy now. because he will give it away. it is bezos' money, he can do whatever he wants, but i think it a real missed opportunity a lost opportunity if he wants to change the world and help people. charity is a real minor issue, not change the world, it is never helped anyone really long-term. and africa best example, billions of w dollars in africa over the years it has not changed. only thing that can help people capitalism, bono has talked about it for years. where capitalism as been adopted a bit people's lives have been promoted. bezos should

i have been a big jeff bezos fan. i think amazon is amazing company., amazing thing for this country that really i think saved a lot of us during covid. he sounded very 20 fund that. this is not the jeff bezos who is about to take delivery of a 500 million-dollar yacht that he wanted them to actually move in an historic bridge for so that he could get at out of the yard where it was built and i will go to the grifin pike i'm not -- i can't. i had thoughts about the girlfriend. anyway, i think he was very kondrath. -- tone deaf. i think he thought he was trying to be compassionate and relatable. i think that the life that he leads now is not relabeled and i think he is losing that connection to reality. >> and the media has an accountability responsibility and that. why are we asking him about that to begin with? they are suffering and not having to ask about historic bridges were dealing with real inflation, real cost issues and we need a may get that will help them not put them in the stratosphere. >> it is true. maybe it set him up for a tough situat

becoming super rich as jeff bezos has by giving everyone a better and cheaper way to shop made all ofus richer. ideologues like bernie sanders, he had his honeymoon in the soviet union, please remember. as stephen sondheim once wrote i've been to moscow, it's very yeah, well anyway, on the first of may. these ideologues are often invincibly ignorant of the basic economics. not only would a wealth tax be extremely harden and expensive to administer, it would have devastating impacts on the entire american economy and the american population. if, say, jeff bezos had to pay 8% of his net worth on taxes every year, he would have to sell 8% of his vast holdings of amazon stock. that of course would cause the price of amazon's stock to drastically decline. indeed, just the markets anticipation of the sale would cause it to decline, costing bezos far more than 8% of his net worth. amazon stock is held not just by jeff bezos, but directly and indirectly by millions of middle class americans in their 401k accounts, i. r. a. s, pension funds and annuity counts. about two thirds of corporate sto

bill gates has given away a fortune to charitable pursuits. jeff bezos could afford even larger donations tax on his huge fortune. and withjeff bezos still an influentialfigure in amazon, some say he should be doing more to make the company he derives his money from greener, too. james clayton, bbc news, california. the bbc is celebrating the 100th anniversary of its first official bbc broadcast — a news bulletin from london. it included a court report from the old bailey, details of disruption caused by fog in the capital, and the billiards scores. our correspondent david sillito reports. hello. 2lo calling, 2lo calling. november the 1ath, 1922, and the beginning of the bbc. 2lo was the call sign of the bbc station in london. and 100 years on, the six o'clock radio news has been marking how it all began. this bulletin marks the moment 100 years ago that the bbc began broadcasting. back in 1922, the news reader at 6pm was arthur burrows. arthur burrows at this point is the first voice of the bbc. he's almost had the idea of broadcasting a few years earlier as well, and within a month, he'

take this, for instance, in 2020 when jeff bezos then the ceo of amazon announced the $10000000000.00 business fund. his company emitted more than 60000000 tons of carbon emissions. 15 percent more than in 2019. in addition, companies like amazon, microsoft, and google, i just, some of the big tech corporations that make very public make a climate donations. and yet continue to build, bespoke artificial intelligence for oil and gas corporations to speed up the discovery of new oil deposits. when it comes to these mega dinah's and their arguments underpinning, how their money is used in the justifications why certain innovations are deemed more deserving of funding than others. there's an element of ideology that's important to recognize generally, that people who tend to have been going to cash in a certain way. and so the decision seems to be a little bit more technocratic. i want to spur. ready ideas and thinking about those long term need to capture carbon. we put the idea in innovation on the agenda . tech entrepreneurs can make our island 25 percent more efficient by just making

in one corner, west texas, actually amazons, jeff bezos, the founder of space tourism business, blue origin, and the other corner just to up the road. a new mexico virgin galactic founder, richard branson. on the day that branson was up on the edge of out of space staging a gigantic p r event for what he calls space tourism death valley in the united states was that it's hottest ever. and yet in a moment that was eerily similar to a scene in the climate catastrophe film. don't look up a climate scientist, catherine, hey, i said has slipped on cnn was cancelled because there was breaking news about the billionaire and his jet. what was this experience like for you? it was just far more extraordinary than that i could ever ever imagined. 9 days after branson's blast of jeff bezos had his moment in space and across the media will really try to do is build reusable space vehicles as the only way to build a road to space. research showed that american morning tv programs gave bezels nearly as much air time in one day. then they've given to climate reporting in the whole of 2020, and very

. >> that is jeff bezos he's sounding off on division in america.ore on the exclusive cnn interview straight ahead. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. (burke) deep-sea driving, i see... (customer) something like that... (burke) well, here's something else: with your farmer's policy perk, new car replacement, you can get a new one. (customer) that is something else. (burke) get a whole lot of something with farmers policy perks. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ 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. ♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. inst

bill gates has given away a fortune to charitable pursuits. jeff bezos could afford even larger donationsfortune. and withjeff bezos still an influential figure in amazon, some say he should be doing more to make the company he derives his money from greener too. james clayton, bbc news, california. the bbc is celebrating the 100th anniversary of its first official broadcast, a news bulletin from london. 0ur correspondent david sillito reports. hello. 2l0 calling, 2l0 calling. november 1a, 1922, and the beginning of the bbc. 2l0 was the call sign of the bbc station in london. and 100 years on, the six o'clock radio news has been marking how it all began. bell tolls this bulletin marks the moment 100 years ago that the bbc began broadcasting. back in 1922, the newsreader at 6pm was arthur burrows. arthur burrows at this point is the first voice of the bbc. he's almost had the idea of broadcasting a few years earlier as well, and within a month, he'll be director of programmes at the bbc and one of ourfirst children's presenters. yes, arthur was also �*uncle arthur', children's entertainer.

wilkie told bezos he wanted to step aside in 2020 and then the pandemic hit jeff wilkie, jaw said he stick around to help. he. says he did not know bezos was planning to step aside so maybe he's being disingenuous and saw the writing on the wall and thought i lost a political battle in my time is done, i have no evidence for that. he just says time at amazon was done. i think we can acknowledge and you wrote a good story about this, the turn over -- well, amazonav has always been somewht known for having high turnover. the velocity of people moving in and out of fulfillment centers in the lower ranks of the company is extreme. they voice said upper echelons the loyal extreme and that has changed, more people are leaving.g. i heard a joke will call it the jeff exit, so many people named jeff have left, blackburn as well, just blackburn and another senior executive. whether it's because stock prices have gone up in their wealthy or is it easy it's become a big unmanageable company and the bureaucracy is to be feared? it's a hypothetical, or they just disappointed in the media scrum of 2

including jeff bezos, he gave an award to musictar dolly parton to be used for terrible giving., jeff bezos himself plans to give away most of his $124 billion fortune during his lifetime. elon musk addressed the b20 via candlelit video link. he was unable to attend in person due to a court case over a tesla pay package. he's also dealing with chaos at twitter, hemorrhaging money in an advertiser exodus. the tesla founder, spacex ceo and chief twit announced he may have bit off more than he can chew. elon: i have too much work on my plate, that is for sure. i am working the most i can work, morning till night seven days a week. this is not something i recommend, frankly. bryan: checking on markets, london is no longer king of the hill for european stocks. paris's exchange is europe's most valuable stock market. u.k. businesses have sent british share values down. european indexes finished monday and positive territory, industrial output eating estimates for september. on wall street, markets dropped suddenly on mondays close after struggling to gain ground all day. friday brough

jeff bezos didn't and he's criticized for that.s worth about $124 billion and he plans to give most of his wealth away to charity during his lifetime. stu: wasn't it over $200 billion a year ago? lauren: we just brought you the amazon news and reported 10,000 job cuts. stu: we did indeed. thank you very much. mexico tried to scare kids away from using drugs by showing them videos of homeless people using drugs in philadelphia. we're on it. new study shows the most conservative governments in the country all easily won their elections. steven wright has the study and he joins me next. ♪ stu: so high? who's michael franti? lauren: i don't know but i love your boogie. i wish people could see that. stu: it's only 37 degrees but it's mid november. we're down across the board but not by much. i want to look at cryptos because there's real turmoil in that entire industry. susan's back with the latest. susan: the latest is binance founder announced on twitter he'll form an industry help fund to rescue projects that had nothing to do with f

i asked jeff bezos about that, how long he thinks it would last if we truly do get into one, and hisess owners. take a listen. >> i don't know if we're technically in a recession. economists argue over that and have certain technical definitions. what i can tell you is the economy does not look great right now. things are slowing down. you're seeing lay-offs in many, many sectors of the economy, people are slowing down. the probabilities say, if we're not in a recession right now, we're likely to be in one very soon. so my advice to people, whether they're small business owners is take some risk off the table. if you were going to make a purchase, maybe slow down that purchase a little bit. keep some dry powder on hand. >> it was a wide-ranging interview at their washington, d.c. home, ana. we got into a lot of topics, this coming on the heels of jeff bezos and longtime partner lauren sanchez giving dolly parton friday night a $100 million grant. it's called the courage and civility award. this is a grant he's formally awarded to jose andres and cnn's van jones. no strings attached.

multiply jeff bezos's woes under a wealth tax with 620 billionaires in the country today and you have a stock market crash that would be worse than 1929. wealth tax, would stick it to this room. not to mention hillsdale college endowment fund. i expect these policies will get nowhere, the wealth tax is certainly unconstitutional as well is a direct tax that cannot be apportioned from the state according to population and ability and are, supplied with a list of 600 billionaires in the country. the majority of americans celebrate capitalist success, not decry it like bernie sanders and elizabeth warren, and more golden eggs by so many people. they understand instinctively that those risk-taking entrepreneurial genes they inherited that socialism to borrow a phrase from george orwell is an idea so stupid that only an intellectual could be leave it. the united states is still stoning around for socialism. thank you very much.

amazon founder jeff bezos is facing a lawsuit from his former housekeeper. she claims working conditions at his home were so bad she had to climb out a laundry room, windowed, accessible bathroom, and she says staff members got urinary tract infections because they couldn't take breaks a basis. lawyer insists the lawsuit has no merit. meanwhile bezos may be looking to become an owner in the nfl is reportedly considering buying the washington commanders with rapper jay z. so stay tuned. that's an interesting duo. yeah coming up the exclusive interview behind the dettori isse fire festival what he is saying about the massive fraud. but first the new punishment for nba star kyrie irving and his anti semitic tweet and his new anti semitic tweet and his new reaction overnight. migraine hits hard, so u hit back with ubrelvy u level up u won't take a time-out one dose of ubrelvy works fast it can quickly stop migraine in its tracks within 2 hours without worrying if it's too late or where you are unlike older medicines, ubrelvy is a pill that directly blocks a prot

lisa: elaborate public relations on behalf of jeff bezos. jonathan: futures are down .5%. bramo with tons of swag. this is bloomberg. lisa m: keeping you up-to-date with the first word, i am lisa mateo. president biden and xi jinping had the first-ever in-person meeting today. they shook hands before sitting down at a hotel in bali, indonesia, where the group of 20 summit is happening. the president said the two have a responsibility to show that china and the u.s. can prevent competition from turning into conflict. in turkey, authorities say a kurdish poll taker and its u.s.-backed affiliates in syria were behind a deadly bomb attack in his temple, killing at least six people and wounding 81 in a taurus district. turkey says the suspect has been captured and was identified as a syrian national. in the u.k., chancellor terry hunt is expected to delay much of the 65 billion spending cuts and tax hikes until after the next election. that is to protect the economy and shore up support for the conservative party as the country heads into recession. the bulk of the savings woul

jeff bezos has been politcised to be —— for not giving more money to charity.here to go. jeff bezos is one of the richest people in the world. he's worth more than £100 billion. and yet, mr bezos has been criticised for his lack of charitable focus. his detractors say he's more interested in burning his money on going to space, which he did last year, then saving the planet that he actually lives on. famed for turning his idea for an online book store into a tech giant, some have argued that the amazon founder has so much money, he could buy much of the amazon rainforest to protect it. now, his first statement saying he will give away most of his fortune. do you plan to give away the majority of your wealth in your lifetime? yeah, i do, and the hard part is figuring out how to do it in a levered way. it's not easy. building amazon was not easy. it took a lot of hard work, a bunch of very smart team—mates. and i'm finding, and i think lauren's finding the same thing, that philanthropy is very similar — it's not easy, it's really hard. mr bezos has a very strange

is that the new model which is to say something like what's being done with, let's say, the jeff bezoshe's giving away money. his former wife is giving away money in different ways. is that a new model or do you think the traditional model, the ford foundation, rockefeller foundation, will stay as the model for large philanthropic foundations? darren: i think the model of philanthropy over many decades will continue to exist but the exciting thing about this moment is that there are new models, and you mentioned two really terrific ones, what jeff bezos is doing as well as mackenzie scott, what laurene powell jobs or the chan zuckerbergs are doing. all of these are part of a landscape of philanthropic pluralism, which we shod celebrate. no country in the world has the diversity of ways of giving as we do in the united states. so, i celebrate every time a new foundation is created, in whaver form. david: let's suppose you're not a billionaire, but you're just an average person. why should you want to give away your money? you worked hard to get this mon. why not just buy things that-- f

it was a pet project of jeff bezos when he was ceo.re that it wasn't making money because it was cool, it was trailblazing, but i now things have changed, we're in a downturn, it has competition, and amazon is prioritizing monetization. ashley: yeah. i think the novelty's worn off a little bit. lauren -- lauren: and i have the same glasses, by the way, as jonathan. [laughter] they're on my desk upstairs. ashley: i should never have brought the glasses up, that's for sure. food banks are being stretched thin. they're saying demand is up, donations down, and it's all thanks to inflation. >>> today is one of the busiest travel days of the year, we know that. tsa says more than 2.5 million people will board planes today, oh, my. so are the airports ready? well, we're going to have a report from reagan national coming up next. ♪ there's only one place that calls me one of their own. ♪ the hometown boy born a rolling stone. ♪ who says you can't go home ♪ if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal

. >> okay, coming up jeff bezos of the "washington post" are sounding the alarm over elon musk twitterven claiming he is making his employees cry. the left vilification of moscow, next. technically when enamel is gone, you cannot get it back. but there are ways you can repair it. i'm excited about pronamel repair because it penetrates deep into the tooth to help actively repair acid-weakened enamel. i recommend pronamel repair to my patients. ♪ ♪ welcome back to "the big saturday show". the mainstream media still cannot get over elon musk twitter take over the sink with the "washington post". earlier this week a trio from that jeff bezos owned newspaper wrote a piece of vilifying musk surprise. claiming he dismantled safety work. even it makes employees cry in an apparent smear campaign the reporters paint him as a ruthless trick to prude rusk has moved rapidly at times erratically to undermine a regime that's over a decade to define dangerous language on the side to protect vulnerable communities, replacing it with this own more impulsive style of ad hoc decision-making. wow, charlie

jeff bezos knows what you're buying, david, what i'm buying, what every person watching is buying as well. maybe we shouldn't take what bezos is saying with a grain of salt, right? the consumer is barely making ends meet when amazon and target are both warning discretionary spending is way down. that is concerning. majority of americans can barely afford needs let alone the wants. target earnings reflects, that right? my concern, you can see the consumer pull back holiday season q4. the holidays people ignore bank accounts and spend regardless for their children and families. i don't see a world where q1, q2 is strong at all. when belt buckle is tightened people reflect what is important in life, family and friends. that is not good for retailers and stocks but good for american families. david: we have to talk about layoffs because this has been a buffer against a hard recession for quite a while the excess jobs we have. layoffs at amazon. 10,000. meta 11,000 employees laid off. morgan stanley starting to hit the financial firms. morgan stanley, citigroup, they're laying off a thous

jeff bezos: we've been working on this lander for three years., jeff bezos, is also developing rockets to carry humans into space and spacecraft to deliver cargo to the moon. jeff: we have here as an example, a very large rover and by the way, even though that's a large rover, this vehicle can land four of them simultaneously on the surface of the moon. brad: it isn't just spacex. there's other companies like blue origin coming online as well, private companies and smaller groups in australia, or rocket labs in new zealand, for instance, that is all making that cost cheaper. i like to think of it's like airplane travel. we spent the longest time having one costly airline, but now we have a bunch of budget carriers that are making it effective. adam: we live on this little dot and what's out there is just massive, and i wanna explore what's out there and see it. michael: australian entrepreneur, adam gilmour, is building one of those budget carriers. adam: all right, guys, we're going soon. michael: five years ago, he cashed in a lucrative career

anchor: amazon may be cutting back but jeff bezos has plenty of money to spare. he will be giving away most of his $124 billion fortune to charity within his lifetime. he made the pledge an interview with cnn. o;o; ó7ó7

jeff bezos could need partnering up with rapper jay z, they are interested in buying an nfl team. the details on that. draft kings reported their earnings this morning. they had a blowout quarter report 136% increase in revenue. the ceo, jason robbins, will be on the show to talk about it. we had a 251,000 jobs last month, business owners say they are still struggling to find workers. edward lawrence has the report from the labor department coming up next. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimi

jeff bezos is formally stepping down as amazon's ceo, turning the reins over to andrew jesse.and his crew have blue origin have pulled up a safe launch, shadowing human beings to space for the very first time, landing without a hitch. welcome back to earth. how do you feel? wow. this is your first interview since landing. we all want to know the reality of seeing the earth from above. didn't live up to the dream? >> i am not talented enough to describe this in words. emily: mark zuckerberg goes all in on the metaverse. what is the serena slam for business? what does that look like? >> i have never been asked that question. i think that is such a good idea. emily: twitter is now officially owned by elon musk. >> the company go through a chaotic transition. it is not going to end well for him. >> point your hand this way. emily: that does it for this edition of bloomberg technology. i am emily chang's in san francisco. this is bloomberg. 12 years. that is how long i've been hosting the show. thank you, guys. there was a lot of people here. almost every day, 2500 episodes. this w

that's how rich jeff bezos is.o rich that you think it's charity when you give money to millionaires. "you poor thing, you don't even have a spaceship, do you?" let me break you off some." in major geopolitical news, president biden met for the first time with a chinese counterpart, xi jingping. and after the three hour meeting, biden declared that an invasion of taiwan is not imminent. and i know what probably happened here. xi jingping went into that meeting planning to stick it to joe, but first, biden told him about that one time we had a friend who was a baseball pl player, he wrote the amtrak all the way, [mumbling] ice cream, come on, jack. xi jingping was like, you can have that one. i just want you to stop talking. [applause] letslet's move on to some of the bigger stories of the day, starting with the midterms. that magical time of the year where the most exciting thing on tv is steve kornacki doing math. now votes are still being counted across the country, but a few things are clear: one, you can take o

amazon founder jeff bezos will give away most of his fortune to charity about it.at the businessman said the money will go to fight climate change and support those people who can unite humanity, divided socially and politically. bezos now ranked fourth in forbes' real-time rankings, his net worth is estimated at $122 billion, previously criticized by bezos. just because he still hasn't joined the so-called giving pledge, this is a project that warren buffett and bill gates launched in 2010. just in the fact that businessmen made public promises to give at least half of their fortune to charity. more than 200 people have already done this, including vladimir potanin and yuri miller cnn adds over the past 10 years without giving back 10 billion dollars created by him. the land fund supports all kinds of environmental initiatives. russian airlines this year will receive only 10 superjet 100 aircraft , the izvestia newspaper writes about this, citing sources and recalling at the end of march. head of the ministry of industry and trade. denis manturov predicted that 19

his twitter occupation will cost tesla to suffer. >>> dolly parton receiving the bezos award from jeff bezosuse the $100 million prize to put toward the organizations or charities of her choice bezos applauding her for all she has done for kids and literacy and all the other things. >>> and "black panther" hauling in $180 million in the domestic debut. this is a bright spot for disney which saw shares tumble last week on the fourth quarter results. "worldwide exchange" is back in just a moment. ♪♪ i had a bad relationship with my student loan. the interest was costing me... well, us... a fortune. no matter how much we paid it was always just... there. you know? ♪♪ so, i broke up with my bad student loan debt and refinanced with sofi. turns out we could save thousands. break up with bad student loan debt. refi and you could save thousands. plus, we're paying off up to a million dollars of student debt. enter at sofi.com/million sofi get your money right. 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.

somebody lie jeff bezos has reported >> i'm going to tick off all our viewers in denver. i love you, denver, you're an amazing town if the broncos went for 4-6, the commanders probably have to go for maybe november of 5.5, 6 billion? >> we'll see >> we're going to find out >>> well, that's going to do it for us here at "power lunch. "closing bell" starts right now. >>> investors are trying to maybe sense of the welcome, everyone, to "closing bell." dow just went positive you've got weigh necessary in home depot, apple and visa

jeff bezos is formally stepping down as amazon's ceo, turning the reins over to andrew jesse. the day after bezos formulated amazon.com. jeff bezos and his crew at blue origin have pulled off a safe launch, shuttling human beings to space for the very first time, landing without a hitch. welcome back to earth. how do you feel? my goodness. wow. this is your first interview since landing. we all want to know the reality of seeing the earth from above. did it live up to the dream? >> beyond. honestly i am not talented enough to describe this in words. emily: out with the old and in with the meta. mark zuckerberg goes all in on the metaverse. what is the serena slam for business? what does that look like? >> i have never been asked that question. and i have never thought about it. i think that is such a good idea. emily: twitter is now officially owned by elon musk. >> the company moreover will go through this completely chaotic transition where it is eccentrically learning how to operate from day one, yet it is already concerned with thousands of employees. it is not going to en

cnn exclusive, amazon founder jeff bezos one of the world wealthiest, warning people on big purchasesay that we are likely to be in a recession soon and the best way to protect yourself is to keep cash on hand. yes, you heard that right. founder of amazon is telling you to stop shopping. listen. >> if we are not in a recession right now, we are likely to be in one very soon. so my advice to people very soon, whether they are a small business owners is to take some risks off the table. if you are going to make a purchase, maybe slow down that purchase a little bit. keep them dry powder on hand and wait a bit, try to reduce some risk in your business or your life. >> he tweeted batten down the hatches, that's what you mean by? that >> if you're in an individual and thinking about buying a new large screen tv, maybe slow that down. keep that cash. same thing with a refrigerator, or a new car. just take some risks off the table. if you are a small business, maybe delay some capital purchase, do you really need that new piece of equipment? maybe it can weigh a little bit. how some cash on

. >>> remember this warning from jeff bezos of all people, one of the world's wealthiest people? we're not in a recession right now, we're likely to be in one very soon. my advice to people, small business owners, is take some risk off the table. if you're an individual and anything about buying a new, you know, large screen tv, maybe slow that down. keep that cash. see what happens. >> too late, but it was a good deal. that's okay, but it seems many americans aren't listening because this black friday broke records even amid rampant inflation and a looming recession. shoppers spent more than $9 billion in online black friday sales. that's a 2.3% increase from the year before and driving the surge? electronics, smart home equipment, toys and this wasn't me, exercise gear, but maybe other people bought that. back with me now susan glasser, chris cillizza and karen finney. you all laugh, but my peloton is now a hanger. i can't help it. i tried i was really there for a really long time, but i wonder first are you surprised at all about the amount people are spending? we have gotten

jeff bezos focused on his view on white companies to cut costs -- why companies should cut costs. >> are seeing layoffs in many sectors and people are slowing down. the probability say if we are not in a recession right now, we will be in one so my advice to people is take some risk off the table. kriti: ed ludlow has the details and amazon does a lot of things. amazon web service and where of these layoffs coming from --are these layoffs coming from? >> the layoffs could follow the devices this is closely. this is where they are focus on the echo smart speakers and the alexa for system and we understand that the retail business and hr departments are also vulnerable but as the chart shows, the proposed layoff of 10,000 employees is less than a percent of total staff. when you put is -- it side-by-side with other layoffs, it is not the severity we have seen. john: i did reporting with -- on bloomberg's plans, highlighted that speaking to an employee, they feel like it is the fastest because cutting -- -- and -- cost-cutting cost-cutting in a long time. can we tie anything back to the

. ♪ call one eight hundred, eight million all right everyone, remember this warning from jeff bezos,wealthiest people. >> if we are not in a recession right now, we are likely to be in one very soon. so my advice to people whether or not they are small business owners or -- take some risks off the table. if you're an individual and thinking about buying a new large scream tv, maybe slow that down. keep that cash, see what happens. >> too late. it was a good deal, but that is okay. but it seems that many americans are not listening because this black friday, it's broke records. amid rampant inflation and looming recession. chopra spent more than nine billion dollars on online black friday sales. that is a 2.3 increase from the year before. driving the surge? electronics, smart home equipment, toys, and this was in the exercise gear but maybe other people bought. that back with me now is susan glasser, grist to souza, and karen finney. you all of, but i cannot help it. i was with you for a very long time, i was really there, but i wonder first of all, are you surprised at all about the

. -- jeff bezos. wake up to a new you. with mucinex nightshift, it's not cold and flu season. always comeback season. 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. >>> a cnn excessive, amazon founder, jeff bezos, wanting people to hold off on big purchases cussing today we are likely to be in a recession soon and the best way to protect yourself is to keep cash on hand. yes, you heard that right, the father of amazon is telling you to stop shopping. listen. >> if we are not in a recession right now, we are likely to be in one very soon. my advice to people, whether small business owners or -- you know, take some risk off the table, if you are going to make a purchase maybe slow down that purchase little bit. keeps them dry powder on hand, and wait a bit, try to reduce some risk in your business or your life. >> you treated batten down the hatches, that's what you mean? >> yes,

you had jeff bezos warning people not to buy stuff. >> they said online sales will be up 3%. this is the founder of amazon. jeff bezos. let's listen to this. >> the economy does not look great. things are slowing down. you're seeing lay-offs in many sectors of the economy. the probabilities say if we're not in a recession, we're likely to be in one very soon. you have to try to be reasonable about it and take as much risk off the table. hope for the best and prepare for the worst. >> that is a little unusual coming from him. shouldn't he be promoting shopping? >> yeah. a lot of retailers were upset. they don't want retailers to delay buying decisions. on the other hand, pretty good advice. i have to admit. if you're thinking of going in the hole to buy certain things, big ticket items like a car or even some refrigerators will put you back quite a bit these days. many people are buying them on credit. it's a dangerous moment. first of all, interest rates are very high. your credit, you'll be paying a lot of money in credit. the fact is, when a recession is coming, you have to

check in on your current speed through the xfinity app today. >>> amazon ceo jeff bezos, one of the wealthiestweighing in on the divisive state of u.s. politics. he's also warning americans to prepare for a lickely recession >> bezos and his partner lauren sanchez sat down for an exclusive interview and he shared his thoughts on a wide variety of issues, and chloe joins us now. great interview. so what did he say about that? >> reporter: well, listen. it was wide-ranging. we covered a lot of topics. we spoke for over 20 minutes at their washington, d.c. home. it was their first ever sitdown interview together since they first debuted as a couple in 2019, and we spoke about these tough economic times, and also what is he going to do with $124 billion and what he said to me was pretty interesting. take a listen. >> i don't know whether we're technically in a recession. economists argue over that, and they have certain technical definitions. what i can tell you is the economy does not look great right now. things are slowing down. you're seeing layoffs in many, many sectors of the economy. people

khloe has more on this exclusive interview. >> jake, i sat down with jeff bezos ant his partner laurene weekend at their washington, d.c. home and we discussed the tough economic times and i asked jeff, are we in a recession. >> don't know whether we're technically in a recession. economists argue over that and they have certain definitions. what i could tell you, the economy does not look great right now. things are slowing down and you're seeing layoffs in many sectors of the economy. people are slowing down. the probability if we're not in a recession, we're likely to be in one very soon so my advice to people, whether their small business owners or -- you know, is take some risk off the table. if you are going to make a purchase, slow down that purchase a little bit. keep some dry powder on hand. >> this conversation with the couple came on the heels of them awarding dolly parton friday night with one of their courage and civility awards which means that dolly gets a $100 million grant to do whatever she wants when it comes to philanthropy. previously they've awarded cnn van jones

. >>> coming up, why billionaire jeff bezos is giving country icon dolly parton $100 million.achieve financncial freedom. we're providing greater access to investing, with low-cost options to help maximize s savings. from the plains to thehe coast, we help americans invest for their future. and help communities thrive. and i'm going to tell you about exciting medicare advantage plans thatan pride broad coverage and still may save you money on monthly premiums and prescripon drugs. with original medicare yoare covered fohospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibl

also, very different, i think, the contrast between jeff bezos saying, maybe don't buy a flat screen tv, and cz, not saying don't buy crypto he's saying this will all blow over i don't know there seems to be a difference in these types of businesses >> yeah, absolutely. he's saying don't buy crypto and that's his core business, it calls into question what is going to happen for some of the bigger exchanges if there's no crypto trading volume if the advice from seemingly the smartest people in the industry and someone like cz running the biggest global crypto exchange, if he says he was caught off guard, it calls into question the checks and balances and the type of due diligence and risk management out there, if this caught him off guard, how can you trust another ceo coming out and saying we don't have liquidity issues we don't have the lending problems that seem to have caught ftx and alameda off guard. we don't know how deeply they knew the risk, but it caught them off guard if one of the biggest crypto currencies they were holding as collateral crashed. how quickly this fell apar