one, he was looking for ways to exploit amazon's early lead in amazon web services. and he was, you know, he was looking for ways to kind of, you know, move amazon into every day use in people's lives. so to answer your question, he conceives the project. he puts greg hart, his chief of staff in charge of it, and then he uses the uber product manager, that's kind of what they called him. he drives the vision. he meets with the team sometimes several times a week. he picks alexa's voice. he makes decisions about what features it should have. he wrestles with the team about whether alexa is going to basically do practical stuff like playing music. he wants it to be the computer, kind of a versatile artificial intelligence, and then he sets the bar high. first he says he wants it to launch in six months, which is impossible. it takes three years. but he constantly drives the team. he authorizes probably the biggest impact he had, he's willing to spend hundreds of millions of dollars on it. at one point he said to greg hart, hire all the ai folks that you can. there shou

he joined amazon. they started amazon fresh in 2007. it limped along a couple of years and bezos never invested in it. he thought of the things like alexand and five phone and china and india were more important. in 2012, doug brings this paper and it argues that, i'm going to summarize, that people are buying things from amazon once a week, once every other week, right at walmart orut at krogerr at tell for they are going there multiple times a week to buy food. that customer relationship even though it's profitable and craft stands for can't realize a or spur low-margin, is, crates a strong bond with the customer and if those retailers every get into the amazon business and figure how to do e-commerce it could be very dangerous and disruptive. jeff says this may be think and he begins to authorize more ambitious investment, , large investment, more ambitious projects in groceries. they expand amazon fresh, work.t quite they try prime now, i kind of to our delivery service in new york.ow it expands by my sense was it always lost money.

is running all of amazon retail. it is a remarkable story of innovation and the mastery of operations but in some sense the true cost of tech it's moved quickly without a lot of caution or appreciation for the unanticipated consequences might be. host: with clark, it seems he has a different reputation compared to wilkie or others that were liked or respected but clark has a track record to create enemies along the way. i think he calls himself to people that i serve to fire people. does that work in his new role? >> one way people can look at it is twitter. he is the unusual amazon ceo who will trade blows with people the thing about fred smith the ceo of fedex and takes a shot at him. and tends to critique coverage of amazon have you ever been the subject of a dave clark tweet? he will start throwing elbows. maybe it is even refreshingly combat of because most executives just say the staff quietly. but he says what he believes. the reputation and i talked to a time of amazon operation folks to put together my portr

back over to amazon. jeff bezos stepping away from his chief executive role but will world's richest person for new joining us now robert frank request more on the wealth side of the story. >> jeff bezos became a millionaire back in 1997 when amazon went public and raised $54 million. the next year jeff bezos reached the forbes list the first time at 1.8 billion the year after that, $8 billion on the forbes list now, in the early days bezos's wealth grew faster than his taste. in 1999 his amazon wish list included a dvd player and his okorn dvd. his wealth crashed during the.com bust but by 2010 it reached skap velocity. 10 billion, 20, 50 in 2017 he topped $$100 billion that year for the first time becoming the richest person in the world, passing bill gates. his divorce cost him about a quarter of the total amazon shares he also sold billions to fund blue origin, "the washington post," his more than half dozen homes, and of course his philanthropy last year jeff bezos became the first northwestern histo

and amazon did cooperate. they operate a couple of top executives like andy jassy and jeff loki and after jeff loki retired bezos would not talk to me in mackenzie scott as far as i can tell has done one interview with "vogue" magazined years ago as an intensely private person. >> host: maybe you could start with the first chapter of the book. i think there are a lot of great anecdotes about jillian role in coming up with the likes and the echo and the common thread is that bezos set the bar really high and be aimed for irrational goals. one quote every member about the products. how important was it in coming up with this device that arguably was the most successful device that they have come up with? >> guest: we will probably talk about amazon is a potential monopolist and a dominating force in american business so i don't mind and giving amazon credit and jeff bezos credit as an innovative company and that's how he likes to describe himself. when i dug into alexei was surprising because the real story had

early lead in amazon web services and he was looking for ways to move amazon into everyday use in people's lives so to answer your question, he puts greg hart as chief of staff in charge of the event he is the project manager, that's kind of what he call. he meets with the team and picks the employees and makes decisions what features and fresh wrestles with the team for the whether it would be practical stuff, he wanted to beat the computer, artificial intelligence and then set the bar high. he wanted to watch and six months, which is impossible, it takes three years. he authorized probably the biggest impact hem has, he is willing to spend hundreds of millions of dollars on it and says greg hart who hired a.i. folks, there should not be any limit. he gets them to go higher any smart a.i. or speech present available and when the s ceo is behind something like that particularly the founder, that gives any company that gives a project a lot of momentum. >> with bezos as the key product manager, that creates this culture of fear where people are afraid to argue against different ideas or say

that's how much carbon the amazon stores. so it's a vital component to fight climate change. animals are being affected to it's believed that there are about 3000000 different species of plant and animal life from the amazon. in the amazon, it's estimate that there is $16000.00 pieces arbitrary. unfortunately, a thing that was in my lifetime, if there is no political will, if we don't take strong positions that isn't going to be going me. but president volts now wants to abolish protection for digital lans is called have been echoed by miners put self preservation ahead of environmental conservation. brazil is one of the biggest goal producers in the world without reported at 81000000 kilograms in 2018. there is a new gold rush in brazil to day one. healed by soaring unemployment in regions inside the amazon rain forest there. evading public lands law. the trees. do some gold mining and damaging these areas or do some fishing and hunting me today. my news have become more organized, creating co operatives to hunt for gold. co

these suppliers are being pressured by amazon to simply start selling on amazon marketplace as third-party dollars from local governments and school districts say buy from you on amazon. that missus amazon is going to take 815% cut atn' least from tt transaction and it's going to get routed literally through one click insteadll of direct interaction between office supply local office supply companyce and the buyer business owners talk to me how much it bothered them not just the cut they were losing but they knew new arrangement would cost the community in terms of tax revenue all of this gristle that holds our community together so it is a big part of it right now. >> there two movies that came to mind in the book, american factory and -- are going to love the book. there is a controversial statement about this idea, winner takeses all and that mod. the idea that that model is unreachable, you can't do anything about it, it's just the way it is. i'm taking this idea when he said something like are not going to behave because it's the only way for the business to survive. for him, it's not

i'm very excited to be here to interview you today for your new book amazon. before we start i want to tell you when i first started covering about five years ago, the first thing i did is read your previous book about the amazon store so it is a true honor to get this opportunity and i am looking forward to it. >> people probably don't know this, but the reporters who cover amazon it is a small one and we all kind of know each other. you just have done tremendous work covering so it's great to talk to someone who is steeped in the secretive bizarre company like amazon. >> the first thing i would like to ask is for the timing of the book it t ended up becoming incredibly prescient the perfect time to publish a new book about amazon given that he's stepping down in a couple of months. can you show us what was the catalyst or the thinking behind coming up with this book? >> i did not time it or have any idea that he would be leaving as the ceo of amazon. in fact i started this book in the beginning of 2018 and so the list of things that i didn't know about his l

amazon. there's a lot of people working with the people from illegal loading. the people from our business, there's a people linking to illegal gold mining. for example. there's a lot of people working with this chain off crimes in the hours on their for station is one of the cleared land as he used to produce beef and agri products. a large portion of which is exported to parts of asia. people need to understand that we are all responsible for this. so even people, far away pakistan in china in australia are also helping with the environment problems in the amazon because their consumers mm. worldwide forests still cover about 30 percent of the planet, but they are disappearing at an alarming rate. between 990-2016, the world lost 1300000 square kilometers a forest. according to the world bank that scenario larger than south africa, we arrive in the state of barbara to investigate the effects of the fires in northern brazil. burned down jungles, now resemble a water. erica veranda is an envi

for me, the book actually began not about amazon, it's often thought of as a book about amazon, but it began about the growing gaps between places in america. i'm a reporter who's spent a lot of time around the country, and i just have grown increasingly concerned, even alarmed by the disparities that i saw between winner take all cities and left behind towns. and i have been wrestling with this for years thinking about how to write about it, how to capture it in a book. and what i finally decided to do was to frame it around amazon, to use amazon as a lens and these glaring regional divides. >> okay. amelia? >> yes. i started reading alec's book, and itta is absolutely gripping, fascinating and reporting and recommend everyone to read it. so i'm the author of "made in china." i'm really excited to be here tonight. thank you so much for the introduction, camilo. so, you know, the main narrative that really spoke to me when i was doing research about all the different chinese sos letters written by prisoners who had ended up in the u.s. and other democratic countries, i found this one p

there being pressured by amazon to simply start selling on the amazon marketplace as third-party sellers. i got the local governments in these schools say it will just buy from you on amazon. that means a course amazon's going to take a 15% cut at least from that transaction and that middleman transaction. will get routed little to the one click said that direct interaction between office-supply the local office by company and the buyer. the business owners have talked about how much that bothered them not just the cut there losing but they just knew that this new arrangement was going to cost the community in terms of tax revenue. the gristle that holds the community together. such a big part of what's being lost right now. >> there are two movies that came to my mind during the book. if you join american factory and. [inaudible] bridget going to love this book. there's a very aversive statement, fulfillment this idea of the winner takes all. and that motto. that model is indivisible we cannot do anything about it, just the way it is. take it from a quote we say things like amazon behav

amazon, 30% for google. we're also hearing concerns about use of consumers' personal information. that would be privacy. of course, privacy legislation has somehow if i lewded us, mostly -- eluded us, but that's the other piece of this puzzle in addition to the work that needs to be done on antitrust. americans are counting on us to protect innovation and competition, to go over the stats. 94 million people in the u.s. own at least one connected speaker which they can use the play music, ask about the weather, tell their kids to come down for dinner. in the years to come, connected devices in our home will become even more sophisticated. these devices work with each other through technology interfaces, often digital voice assistants like alexa. i want to highlight a few key concerns that we will explore at the hearing today. first, many consumers use their connected speakers to operate other connected devices like asking the digital assistant to lower the thermostat. they should get the very best available w

and how to write about it or capture in the book so i finally decided to frame it around amazon to use that as a lands and not to a country in these growing divides. >> i started to read his burkett is grippingg and fascinating i recommend everybody to read it. so the main narrative that spoke to me to do research aboutbo all the written by prisoners that ended up in the us and other democratic countries thinking consumers would purchase these products just one particular story. and the making of the tolerate on - - halloween decorations it's product you would hang on the lawnr or might use as a decoration for a children's halloween party. but it was manufactured in a chinese to log in with the forced labor where they died and from the camps. and that story in particular and where it was made it was a great way to take a deep dive into the many problems for these countries especially china. >> i read the book and i kept thinking how it promotes the destruction no space protection going from laptop and then we'd all realize that and in those difficult spaces were put in place but fantas

now these are all being pressured by amazon to start selling on the amazon's third-partyself . the local governments and school districts say we will buy from you on amazon but that misses that amazon is going to take a 15 percent cut at least from that transaction, from the middleman transaction. and it's all going to get routed literally through the one click instead of that direct interaction between the office supply, local office supply company and the buyer and the business owners talk to me how much this bothered him, not just to cut their using but just they just knew that this new arrangement is going to cost the community in terms of revenue. it was going to cost in terms of office wrestle and hold a community together so it's such a big part of what's being lost right now. >> there were two movies that came to mind . if you enjoy american factory , you're going to love this book. there is a very controversial statement about this ideal. winner takes all and that model. and it's that that model is in a invisible place. you can't tdo anything about it, it'sjust the way

with amazon managing our life with amazon. alexa, eating with amazon at whole foods, basically doing everything amazon and now banking and payment with amazon. so it gets like into this very dangerous kind of monopoly thing and to burn flint, i think they're going to base a lot of regulatory scrutiny here. just like facebook, but i think the difference is how they define the scope of this coin. because facebook was a little over ambitious with their labor project. they said they were going to create the currency of the world. and it was very ambitious and they had absolutely no plan out how to do it, but regular here, this and they get all freaked out being like you can't do this we, we have control of currency, not you, not tech companies. but if amazon wanted to do a model similarly to how alibaba deal with ali bucks, i think they'll have an easier time because essentially to say, hey, we're issuing a coin, uses coin to buy things on amazon marketplace. it's essentially like a gift card, not really any currency that's going to disrupt politics or anything like that. so if they fram

as you point out, in many ways, amazon - of it? as you point out, in many ways, amazon was | of it? as you point out, in - many ways, amazon was perfectly fitted, the right company, the right place, the right assets and capabilities for what the pandemic presented and they do seem to have capitalised on it very well. as the news report pointed out, we are seeing a re— normalisation of the modernisation and growth rates of on line shopping 16%, but we should record that 02 last year was on line stores up 49%. even on a compound basis, they did not get those gains back. they grew them. but we are seeing a renormalisation of that but undoubtably, they've harvested and benefited from consumers shopping on line and creating prime memberships to do that shopping. for prime memberships to do that sho inc. ., ., shopping. for vaccinated communities _ shopping. for vaccinated communities with - shopping. for vaccinated | communities with lucinda shopping. for vaccinated - communities with lucinda locke down rules, right across the world, particularly in europe and the us, there are things

for me, the book actually began not about amazon itself, a book as amazon, but a book about regional inequalities, the growing gaps in america. i'm a reporter who spent a lot of time around the country and grown increasingly concerned and even alarmed by the disparities, i would find between winner take all cities and left hyped towns-- left behind towns and i've been thinking how to write about it and capture it in a book and decided to frame it around amazon, and to use amazon a lens onto the country and glaring regional divides. >> amelia. >> yes, i started reading alec's book and it's gripping and fascinating and important and recommend everyone to read it. i'm the author of "made in china", i'm excited to be here tonight. thank you for the introduction, camilo. so you know, the main narrative that really spoke to me when i was doing much r -- research by the chinese sos prisoners ended up in the u.s. and other democratic countries, consumers would purchase these products and i found this one particular letter story, particularly unforgettable, it was written by a political priso

amazon. amazon's invention of the echo smart speaker has meaningfully increased competition in the voice assistant and smart home space, increased customer choice, provided a new channel for customers to reach online services and created significant new growth opportunities for third-party manufacturers. when we set out to build echo and iowa lex shah ten years ago -- iowa alexa ten years agoe wanted a service to allow customers to access the power of the internet just by using their voice. it took us longer than we expected and required us to invent our way through many previously unsolved technical problems and to invent new ways to preserve and protect customer privacy. we are incredibly proud of alexa, and we work to constantly are improve them because we know customers have other options. alexa is not the most widely used voice assistant. google assistant and apple's siri are both used by many more customers. the truth is that most voice-assist usage occurs on mobile phones, and nearly a

amazon�*s jeff bezos is to stand down as chief executive of amazon today. he founded the company in 1994 as an online bookstore and transformed it into an e—commerce giant. it employs now someone .3 million people and has a hand in everything from package delivery to streaming video to cloud computing —— some 1.3. it's cloud computing —— some 1.3. it�*s replacement runs amazon web services so what is next forjeff next for jeff bezos? next forjeff bezos? when jeff bezos started his online bookstore he told his parents had had a 70% chance of failure. a zumbo succeeded beyond his wildest dreams. he describes himself as being obsessed with customer satisfaction and that drivers help to turn amazon into a colossus. his management style is esoteric, people who work closely with him say he likes people to challenge him, just listen to this from a former colleague. i listen to this from a former colleague-— listen to this from a former colleauue. ., ., colleague. i would bang on the desk. really? _ colleague. i would bang on the desk. really? i— co

>> not the way amazon is asking. amazon mischaracterized the precedence here. no one has ever said that if you're an enforcer and have specific views on the law, that you have to recuse yourself. that's just kind of silly. >> matt, we saw a judge this week really press facebook's critics at the federal and state level on how they define a market, and whether facebook really is a monopoly how is amazon a monopolist when it has arguably 50% of less even of the u.s. e-commerce market? >> it is a great question. i think you can look at a bunch of different -- you can look at -- you can define markets in lots of diffes of different way. amazon has monopoly power over books. you look at that specific sector of the market and say they have dominant market power and you can look, there is a bunch of areas where they have market power. and, you know, you can see what they're doing. it is not just about what happens if you are a monopolist, it is also what happens if you are engaged in what are called restraints of trade. certain contractual arrangements, price discrimin

but they shouldn't be forced to if they choose any amazon product have to use the entire amazon suite so, again, i think that what we hear from customers, especially in the e-commerce space, is that there is increasingly distrust of amazon and, again, amazon on a daily basis seems to go into a new line of business while it is e-commerce today, may be banking or healthcare tomorrow. >> sounds like a line we were hearing about microsoft 20 years ago, people are saying less now. give me your perspective as we head deeper into this earnings season on how business customers are spending on tech in the face of the delta variant i can imagine that some might be pulling back because of the uncertainty, but some might be leaning in because technology gives them some optionality. what are you seeing? >> sure, without talking about this quarter, for previous quarters what we saw at the very beginning of the pandemic was that customers were looking for ways to be able to ensure that they keep the lights on. it was an incredibly scary time a year ago for it organizations around the world the begin

for me not about amazon's thought about a book about amazon but began about regional inequality the growing gap between places in america.ca i'm a reporter that spent a lot of time around the country i've grown increasingly concerned even alarmed by the disparities when a go around the country and left behind towns. i have been resting with this for years and hownk to capture it in a book. and regional divides. >> i started reading this book it's fastening a recommend everyone readpo it. thank you so much for introduction. the main narrative that really spoke to me when i was doing research about all of the different chinese letters written by palouse prisoners who ended up in the u.s. and other democratic countries they would purchase these products i found this one particular story that particularly unforgettable because it was written by a political prisoner. he had the making for what was halloween decorations i was a product it was actually manufactured in a chinese were there were very much real graves all around with the force laborers if they died from agree just labor conditions th

andy jassy takes the reins from amazon. what that means, will he receive scrutiny in the overall transparency of the giant. u.s. stocks fell with a streak of seven consecutive record highs. u.s. treasury market is where the action was. yields at the lowest since february. there is a key picture that has big tech back on top. >> it was a risk day off on the market. you could see the 2020 trade. tech serving. that is what you are seeing. s&p 500 dealing with a lot of negative factors. the delta variant, the pfizer vaccine affect efficacy, and the potential for opec plus to not come to an agreement in oil prices higher. those inflationary concerns weighing on the s&p 500. that risk off nature showing up in the nasdaq. it did not translate to chinese textures, which is something we do with a bundle trade and has everything to do with dd. a 14% plunge, or i should say an 11% plunge, it was 14% earlier, but you are seeing the idea that although it was an attractive ipo for reasons, this ipo that had so much data on a chunk of the

so amazon doesn't want to repeat of that. and so the potential job post day, the hiring of someone as a block chain lead that will, that would potentially lead up to potentially an amazon coin or maybe even accepting bitcoin on their marketplace. but i do think that they will need to take a step back and do a lot more due diligence and actually figure out how they're going to approach it from a regulatory point of view. rather than be just another complete flop like facebook flood. now been what's your take on this? do you believe that amazon is not truly planning to accept that coin or are they focus instead on their own digital currency? i think the 2nd one is the most likely scenario. i think it's most likely that amazon is looking to do it, and i think they probably will, by the way, accept a point in the future. i think they will accept that theory and some of these others. but i think their ultimate plan is to create their own token, and we talked a little bit about this yesterday, something i want to clarify. so as lon

i think that is a very fast rollout schedule for amazon. so i believe that in their denial, they're saying that the timing is uncertain here because the job posting that is a very, very legitimate reason that animals on looking at it. because as you know, they're taking a step, they're taking a page on a facebook page paper playbook because on facebook came out with the libra association. they drummed up all this hype only to have the entire project. basically be dead on arrival. so amazon doesn't want to repeat of that, and so the potential job post the, the hiring of someone as a block chain lead that will, that would potentially lead up to potentially an amazon coin or maybe even accepting bitcoin on their marketplace. but i do think that they will need to take a step back and do a lot more due diligence and actually figure out how they're going to approach it from a regulatory point of view. rather than be just another complete flop like facebook flood. now been what's your take on this? do you believe that amazon is not truly planning

go to change things for amazon, do you think? well, it's actually not that easy to craft and not something that we saw last week with. and the us supreme court actually cutting down as i lost the federal federal government has applied against facebook. so we may be a little bit more pressure, but any meaningful changes a little while the way i think. thank you kate crypto currency mining. it's a power and is bad for the environment. it's more carbon dioxide, denija and tina. a bank of america report says no other human activity has a higher carbon footprint, which is why people are trying to make change. these serve as need know expensive cooling system. siberia, cold air naturally regulate the high temperatures generated by the mining rigs. they are stored at a former aluminum plant in brought a new by hydro power plant, generates electricity for the remaining aluminum plants, the new crypto mines with the media area. and the it could screen is a location for several reasons. the 1st is the cheap cost of electricity. there are f

>> i want to thank every amazon employee and every amazon customer, because you guys paid for all of this. seriously, forvery aman customer out there and every amazon employee, thank you from the bottom of my heart. amy: as the world's richest man flies his blue origin rocket into suborbital space come here on earth calls grow to tax the rich and let amazon unionize. we will speak with paris marx, whose article is headlined "leave the billionaires in space." >> on tuesday morning, jeff bezos launched into space and promised his trip was the beginning of an opening to space for everybody, but we should understand it as an important public relations move to try to win puic contrts that will allow him to control the infrastructure of space within ford. " we will look at the privatization of space with journalist peter ward, author of "the consequential frontier." jeff bezos' space trip got nearly as much coverage in one day as climate change did for all of 2020. this comes as white men overwhelmingly dominated the airwaves on climate coverage for at least the fourth year in a row. we wi

but let's talk with amazon -- talk about amazon,. joe: amazon shares sliding. they beat on earnings, but everyone beats on earnings. the outlook wasn't great. the bread-and-butter, e-commerce online sales, not great. aws advertising, these are still big-money printers. but you can see it down 6%. online sales, weakest growth since the start of the pandemic. so a lot of that transition, that huge boost that they got, starting to fade. let's bring in bloomberg live reporter kriti gupta. kriti: it is interesting we got all this on the same day the eco-data came out. at the end of the day, the shift is from goods to services and that is showing up and amazon earnings. what struck me though, was that their numbers missed estimates you have not seen a technology company do that. -- missed estimates. you have not seen a technology company do that. caroline: pinterest though, with monthly users. kriti: amazon missed on their sales forecast, which is crucial because you are saying apple, microsoft, alphabet, this is a bloody selloff for amazon. you can't miss anymore in

we'll have more on the amazon trade. shares off 6% and a big driving force behind why the nasdaq looks to under perform at the opening bell >>> first, breaking news from the european union we head to julianna tatelbaum standing by in the london newsroom good morning, julianna >> good morning, dom crossing the wires now are fresh numbers from the eurozone. the preliminary flash q 2. 2% growth versus q 1 13.7% year on year versus 13.2%. stronger than forecasts on both the quarterly and yearly basis earlier this morning, we got a little bit of country level insight. germany returning to growth into the quarter. it wasn't germany that surprised the upside spain grew faster than expected. one key itssue plaguing the economy is germany shortage of growth materials eurozone growing 2% quarter on quarter. i want to take you to european equity and see how we are trading on the final day earnings are a big focus for inn ve investors in europe. the main benchmark hit an all-time high yesterday. we are trading on the back foot. a co

he then went to work at the amazon warehouse making less than half he made. the work was done, dangerous of course but incredibly isolating. and it was just he felt so completely alone. none of that kind of fellowship he had at the steel mill and he finally quit after just a few years. i was talking recently to another who lives nearby and he commented on the fact that he noticed the workers at the warehouse now when they are leaving their shifts go screaming out of the warehouse just flying out driving so fast they had to put biggest speed bumps to try to slow people down and people are desperate to get outt of there because there is absolutely no sense of fellowship there. you do your shift and then get out and get home where the workers would roll out of the hesteel mill and as a bunch roll into the bar or the diner or whatever it might be. the other groups i focus on in the chapter are small business owners in el paso who run a small office supply companies essentially think of gender mifflin fromll the office except it's in el paso and these are people r

amazon is almost certain to contest the ruling. here's our business correspondent samira hussain in new york. it is certainly a much bigger amount that was predicted, and also it shows that luxembourg, which is where amazon is headquartered in the eu, is willing to really show its might and to enforce these rules. in the past, it has been a lot more favourable to these us multinationals that are coming and establishing itself there. look, this is a big way for the eu to really send a message that you need to abide by these rules. what the eu is saying is that, really, amazon didn't do enough to get people's consent before using their personal data. now, amazon, for its part, has said that this actually has absolutely no merit and that it is taking a very different kind of interpretation of the law, and that's why amazon says that it's certainly going to contest this in court. samira hussain there. let's talk a bit more about this now. let's speak to sam schechner, tech reporter for europe for the wall streetjournal. thanks forjoini

amazon, are you growing your money at amazon stock morning? we want to bring ken bloomberg intelligence's senior analyst for u.s. retail. that's start with this one. some people think maybe amazon is just shifting the bar lower, resetting things. what is your take? reporter: you can say that. they have to bring down consensus is that is too high going into the back half, and you can't except amazon to grow north of 20% on top of comparisons from last year. there's new estimates we have at 10% to 16%. you could argue that it may be beatable, especially as they move into territory where virus cases are rising, and you could see a pullback in spending in the areas that have picked up such as restaurants and leisure. lisa: what i hear underneath that, and i know you are not going to make a call, but people have overreacted. is that what you are saying? reporter: i think amazon has done well. if you look outside of those numbers. they are all growing over 30%. i don't think everyone is looking at the brighter side of the picture. there's a lot that

. _ amazon and the eu? i think this is an important case. i _ amazon and the eu? i think this is an important case. i think- amazon and the eu? i think this is an important case. i think this - amazon and the eu? i think this is| an important case. i think this case is going to set further guideline and give notjust our legal landscape additional information but consumers some guidance on how to stay out of trouble. so this is the first step and i do predict that this will not be an easy battle. thank you very much for your time. day eight of the tokyo olympics is just getting under way. the bbc�*s sarah mulkerrins has the latest on what we can expect to see on the middle weekend of the games. well it's the middle week end of the olympics and there is some and there is some reat action ahead on the track on saturday. not least the women's 100 metres final. we've been billing that, over the last couple days because there's so many star names in that. they've all made it safely through the heat and they've been setting some very, very quick times on the track at t