these workers who organized amazon did not assassinate amazon. amazon is doing very well. stock prices soared. it still has lots of customers. these workers, you got some advice from some outside union workers, but it was not a democrat funded group. this democrat consulting from james g was consulting with amazon management. in ways, democrats were helping amazon. both my grandfathers, i am from new york, both my grandfathers worked in the garden industry and were both union members. they told my parents how garment jobs used to be terrible jobs and the unions turn those into safe, decent jobs. originally, water jobs, they were lousy jobs, unsafe jobs. in my book, i write about how gm managers require -- that is thanks to the unions organizing the giant companies like general motors and ford in the 1940's in the 1940's and 1950's. the middle class was created in the united states. the american standard of living in the 50's, 60's and 70's was the highest in the world. many companies or making dollars after world war ii, key union in the 50's and 60's, they gave workers pe

the first amazon union u.s. history, overcoming a multimillion dollar unionbusting campaign by the retail giant. we will speak with christian smalls and derrick palmer, the two best friends who helped launch the newly formed amazon labor union after the company cracked down their grassroots organizing for better working conditions, firing smalls and he let a walkout at the height of the pandemic will stop pmer still works at t warehouse. >> organizing come along with the other organizing, to win this election. it ia monumental moment in the labor movement. hopefully continue to unionize more ithe united states. amy: ukrainian officials are accusing russia of committing war crimes for killing civilians. >> amnesty international researers have just returned from ukraine where we documented a pattern of indiscriminate attacks by russian foes that have killed and injured civians in a string of cities across the country, from every pull to kharkiv. -- mariupol to kharkiv. amy: we will speak to amnesty international a

the workers that organized amazon, amazon is doing very, very, very well thank you. its stock price has soared and it still has lots of customers. these workers got some advice from outside organizers. it was not a democratic run group. actually -- you know, this democratic consulting firm, gsg , was consulting with amazon management. so in a way, democrats were helping amazon. both my grandsons -- i am from new york, both of my grandsons work in the garment industry in new york, they are both union members. they told my parents how government jobs used to be terrible jobs, and the unions helped turn those jobs into safe, decent jobs. the auto industry in the united states. people think of good, safe, high-paying jobs. before gm, they were lousy jobs, unsafe jobs. i wrote about how gm managers required their underlings, their subordinates to mow their lawns for them before the unions existed, because that's how much vast power the managers had over them. it's thanks to the unions organizing in general motors, ford, and u.s. steel that the middle class was created in

what is it amazon needs to do, and how are amazon's issues different from what a company like apple is facing? >> apple has spoken to rollover what they are selling. with the lockdown in china and zero-tolerance of covid, sellers are not able to get their goods. amazon is reliant on brands that are reliant on manufacturing supply chains. amazon is a marketplace trying to navigate all these things. emily: meantime, of course, we are seeing wage inflation, rising gas prices. how will this all impact consumer spending, which is the bread and butter? >> es, amazon implemented a fuel surcharge that actually goes into effect at the end of april, so a couple of days from now. the reality is that prices are going up, cost are going up, so there will be some slowing, but there are some bright spots. one of the things people complain about was q2, that had some core guidance that i think the market liked, but questions when q3 is here, so i think customers will be looking for deals. amazon is going to be having a huge q3. emily: let's talk a little bit about streaming because amazon also has a b

island voting to unionize in a first for amazon warehouse in the u.s. the vote is a defeat for the nation's second largest private employer known for aggressively opposing unionization efforts. joining us now is man behind the movement, amazon labor union president chris smalls chris, what a journey it has been for you let's go back to when you worked at the staten island warehouse what did you see that made you and others realize that this was needed and a worthy objective? >> yeah. well, my journey started two years ago when i led a walkout over covid-19 after amazon failed to protect us we had no ppe, no facial masks, no cleaning supplies, no real guidance, no social distancing and i tried to go through the proper channels, but the company neglected to hear us out and ultimately they just wanted to stop me from organizing by quarantining just me and nobody else so i led that walk out which terminated me two hours later. from that moment, you know, i traveled the country advocating for workers rights i didn't give up especially after jeff bezos himsel

that hugely benefited amazon. that party cannot continue forever and we are starting to see the effect of the trail off in the pandemic fueled boom that amazon benefited from for so long. emily: i asked him more about supply chain issues and russia and we are listening in and he said they will be giving eight number on russia revenue specifically in the hit they took their, given that they paused sales on products. julie, what is your outlook on how apple will continue to whether supply constraints given the ongoing lockdown in china? >> not being a supply chain analyst, you really kicked it off starting the call. whatever it is, apple continues to whether the problems well. they seem to just somehow be better positioned than their competitors in consumer electronics, even though it is impacting one or two of their categories today. never underestimate what apple can get done. emily: of course the other big story in the business world is streaming with netflix subscribers and apple having its significant position

, we use amazon. people love the service. but at the same time, it's conflicting, because people go, "wait, how are they being treated?" you know what i mean, it's a weird position for people to be in. what would you say to everyone going, "hey, this is what needs to change in amazon. ths why we're trying to do this." >> right, customers need know just because you hit one-click buy, it's not magic. these are real people being affect. we want you to stand in solidarity with these workers. they come from your community, they're your neighbors. and we're customers, too, as workers. and the first thing we're fighting for is job security. like you mentioned, they hire and fire all the time. there are people homeless working there, people in shelters working there, we help. we're fighting for $30 an hour, higher wages, better medical leave options. making everybody a shareholder again which they stopped in 2018. bringing back the monthly bonuses. v.c.p., for productivity and attendance, we used to get that.

amazon set to deliver results on thursday the e. commerce giant had has a wild year so far. if you think this stock is primed for a come back, tony says you may need to wait a bit longer what do you mean >> yeah, if you look at amazon stock reporting earnings next week, i unfortunately think there's potentially some down side risk going into that event. so if we take a look at a few charts here, the first one i want to take a look at is amazon relative to the broader markets. and what you see is a large under-performance of this particular stock since last year of this particular time. and the -- the question is whether or not the earnings catalyst is going to bewhat reverses this downturn or under-performance of this stock relative to the harkt. and if you look at the fundamentals, this is really where i don't see a strong case why now amazon in this particular quarter going to turn things around relative to the market you look at the chart for amazon relative to its sector as well, the consumer discretionary sector, you have largely the exact same chart under-performance r

>>> amazon adding a new surcharge. why it's happening and how it impacts the price you pay. >>> and 75 years ago today he broke baseball's color barrier changing the game and america tonight we celebrate the legendary jackie robinson >> announcer: this is "nbc nightly news" with lester holt >> good evening. i'm tom llamas in for lester as we come on the air tonight russia is lashing out. they're now warning the u.s. to stop sending arms to ukraine saying it is, quote, adding fuel to the conflict and may lead to unpredictable consequences russia also ramping up their military attacks. tonight new video of residents cleaning up from that missile attack in kyiv a city where they are now busy digging graves authorities revealing they found the bodies of more than 900 civilians. russia's likely still reeling from losing its most important battleship they had claimed it sunk after a fire broke out onboard, but now u.s. officials are saying it was, in fact, the ukrainians who took it down gabe gutierrez starts us off tonight

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the amazon doesn't become amazon without the people. and we make amazon what it is. >> how did these organizers pull off such an historic win? well, guess who's here? the president of the amazon labor union is our special guest, christian smalls, who's busy running around today, but made some time for us, and the former secretary of labor in the united states, robert reich. we're back in one minute. united. we're back in one minute ♪ it's the most wonderful time of the year, ♪ ♪ with the kids jingle belling ♪ ♪ and everyone telling you'll be of good cheer ♪ it's spring! claritin provides non-drowsy symptom relief from over 200 indoor and outdoor allergens, day after day. ♪ oh the most wonderful time ♪ feel the clarity - and make today the most wonderful time of the year. live claritin clear. nina's got a lot of ideas for the future. and since anyone can create a free plan at fidelity, nina has a plan based on what matters most to her. and she can simply focus on right now. that's the planning effect. from fidelity. with

amazon doesn't become amazon without the people. we make amazon what it is. >> joining me now is the man himself, the man who pulled off this union victory at amazon, chris smalls. chris, thanks for coming on the show. first off, congratulations on your successful organizing efforts. >> thank you. >> this is a huge deal. amazon is the second largest employer in the nation. they spent millions to try to foil any plans to implement a union. what does this achievement mean not just for amazon workers in staten island but american workers across the country? >> well, this hopefully is a catalyst for a revolution for the working class, you know. i'm a worker, even though i'm still unemployed, and i was able to lead us over here in new york. you know, my story and the workers that organized this campaign, all of our stories, it shows people that when people do come together, ordinary people come together, we can achieve anything. >> you made sure, chris, to thank jeff bezos for his help by saying that while he was in space, you were getti

sales of amazon slam after the first quarterly loss in seven years. it is not just amazon. rough morning for apple investors as that stock slips facing supply chain concerns. >>> elon musk dumping $4 billion of tesla as he moves to take twitter private. >>> it's back. wall of inflation. one year later we will show you the price moves of the 16 things from cars to corn. it will be eye opening it is all happening on friday, april 29th here on "worldwide exchange." >>> well good morning, good afternoon or good evening and welcome from wherever in the world you are watching i'm brian sullivan good to be back with you happy friday let's get to it. check out the markets and your money. futures unfortunately down across the board dow is not down by much. as always, it is a story about big tech nasdaq futures are down far more than the dow even on a numbers basis. 107. dow down 75 nasdaq off .80%. if nasdaq ends like this, it will be another down week for that index nasdaq off down nearly 18% so far this year. thursday, of course, a different story for the major advantages 10-year

amazon will contest it. the real work begins, bargaining , and will amazon sit down with this new and untested union? will it renegotiate things it gives employees, like a $15 an hour wage? this group is now going to be very tested. >> chris smalls has been a huge character in this story. i want to read amazon statement, we are disappointed with the outcome of the election because we believe having a direct relationship with the company is best for employees. we are evaluating our options including objections based on the inappropriate and undue influence that we and others witnessed in the selection. it sounds like amazon intends to make the argument that basically president biden's pick to run the labor board is moving in an activist direction. does that argument hold water? >> i don't know. historically when we look at organizations and unionization attempts, the power and balance -- imbalance is in favor of organizations, so i would be surprised if that held a lot of water in court, but i was not on the

back then people just thought you cannot win with amazon in an nlrb election, amazon is too wealthy, too sophisticated and too determined to fight the unions no matter what it takes. so the fact that the amazon labour union won and they won by a significant majority, it's probably the biggest organising victory in the united states for close to probably since the 1930s or �*a0s. i just want to interrupt you for a second, the national labour relations board, which will be helping i suppose amazon unionise and in that respect. but the first thing i saw from amazon is that i think they are going to try and push back against it, this is my question really is is this a done deal? it is a done deal in the sense that it is a victory which has huge symbolic importance and it will create so much energy and enthusiasm that will inspire amazon workers all across the country to think that if they did it at staten island, we can do it too. as you said, amazon has filed an appeal with the national labour relations board. i think it has almost zero chance of success, i think probably it is primar

you, becky we are at amazon headquarters. to give you context of the room we are in. behind me are signed posters of every amazon product launch. echo we will talk about how they create products here at amazon you will go inside some of the warehouse facilities and hear from some of the leaders inside amazon on projects like a fascinating project that is in play right now satellites in the sky to bring internet access across the world. we will talk about aws and supply chain and labor issues. so many things going on and then ceo andy jassy he is joining us at 8:30 a.m. eastern time then news at amazon this morning. you might have seen it it cross the wires overnight. amazon deciding to charge 5% more to third-party sellers on the platform this is a fuel surcharge i know, becky, we debated a day or two ago the charges for third-party sellers on etsy. it had gone from 5% to 6.5%. amazon addressing the additional costs. >> that's a big difference 5% increase versus 30% increase. if you are going from 5% to 6.5% that is a bigger

and amazon is beaten by workers in new york, as they vote in favour of a trade union — a first for amazon in the us. covid—19 infections in the uk, hit a record high — nearly five million had the virus last week. the draw for the 2022 world cup finals in qatar is under way. we'll bring you news of the groups in the next half hour. hello and welcome. in ukraine, the bbc has found evidence that russian forces have been forced to pull back from positions they held at the start of their invasion, five weeks ago. russian armour has been heading west out of the capital kyiv, and a bbc team gained access to one area, just hours after their retreat. a stretch of the e—ao highway was where shocking images from the early days of the war emerged — showing russian troops firing on civilians trying to escape. jeremy bowen and his team have now reached the scene of the attack, and found evidence that raises the possibility that war crimes may have occurred. a warning, his report contains some graphic and distressing images. on a stretch of road that runs between two villages with names that tra

. >> amazon disappoints wall street. sluggish sales forecast as buyers cut down on rising inflation. >> elon musk pitched for job and cost cuts at twitter as he negotiated to acquire the company. we are seeing downside pressure on u.s. futures after the s&p 500 had its best day in seven weeks. already we had the nasdaq 100 gaining 3.5% in the new york session given strong earnings coming out of meta, paypal, and qualcomm. the 10 year yield moved toward 2.80. the dollar index at the 20 year high. the wti is under a little bit of pressure after reaching the highest level in two weeks given the looming eu ban on crude imports. right now, it's all about the after hours session which is why we are seeing the downside pressure on u.s. futures. look at apple. results came in that are than expected. we had supply chain concerns being felt across the company. not enough to upset -- upsetting the positive news we talk about the $90 billion buyback. amazon is plunging almost 10%. they are not doing great because of inflation pressu

-- amazon. j.k. rowling had the first harry potter book that year and, of course, amazon has brought changes all the way across the board at every point in the distribution process or even the production process of a book, bringing it to a reader. but gradually the focus kind of widened, and so we have many pages on those earlier times, because the magazine itself has changed its look, and it's quite interesting to look at it, the way promotion has changed over the last century and a half, it has i nor enormously -- enormously changed. and the recollections and thought let's make a real statementing here that others, you know, decades from now can reflect upon. and it's kind of correcting the record or asserting the record of what r publishers weekly's gl has been in all of this. >> host: michael coffey, if somebody picked up the 1872 weekly trade circular, which is where your roots at pw begin, would they recognize it? >> guest: yes. they would recognize it in the sense that they would recogniz

down $400 in a session >> worst day for amazon. worst individual day for amazon since 2011 we're going to talk more about it later this is not a bad quarter. the problem is it is normalization of the typical growth rate back to 2019, early 2020 prior to the pandemic but that's, the market, you're talking people that have the attention span, they're on twitter, can't think straight. if you think about what's going on at amazon, cloud growth is almost 40% that's the growth business, not groceries. how do you not understand that >> the problem is, speaking of cloud doc, you own the stock, aws was 40% growth last quarter and it is still robust obviously. look, 36% growth that's not 40 though so you have concerns things are slowing even on the margins. jon najarian, give me your perspective. is this a no brainer buy on shares of amazon having a historic pull back >> i think it will be a no brainer pull back next week, scott. i don't think it is a no brainer pull back today. i hope i'm wrong i own amazon i have written calls against it.

going into earnings. >> all right, speaking of amazon, just last month you laid out an amazon trade set to expire next week how do you manage that one now >> it already has been managed f you follow me on twitter, i sent out a tweet today, trading still over 2900 buck a share at the time and i said, you know, discretionary is the better part of valor here. we have earnings coming up, the market looks terrible and we're spot in the middle of the short iron -- so the smart thing to do was to take profits, even though options expire most rapidly just as expiration approaches normally in that situation, you may have been inclined to carry it i think take something profits, even if more modest than we might have otherwise had hoped at this point was the right move follow us on twitter if you want those updates. >> yeah, absolutely. carter, what is your take on amazon here? >> it is charts like amazon that make the chart of the s&p. you have an incredible ricochet, 30%, and now it is reapproaching the low from which the rick ashay took place the implied move that tony referred to would ta

i don't work with inside amazon. we don't hang go be, you know, we were really close again with the he was a shame. he was only seen on the true ed form in the union was the best way to go the route because amazon worked as a kid to speak out. and this, this right here, t c o w was a former, we are the m is over because to speak out and now that we have the l u g which is kind of puts the problems and speak out. and i have to feel that the minute the job and you touched on it a little bit. but how do you think the pandemic changed the neighbor landscape, allowing this to happen again. we worked in a facility will walk down to where it is. and so, so we had no mass purpose here, which is walking around. and again, amazon was telling with positive but did not tell us what say she didn't tell us what the point me. you know, every day you either be losing your job or you going to go to bring your family or to your community. so you get this. this again, a fix amazon because they were taking they were because they would j

amazon spent over $4000000.00 to try to defeat the union boat. the company argued among other things that their $15.00 minimum wage is competitive. union leaders here have said they've already heard from amazon warehouse workers in over a dozen different locations expressing their desire to unionize as well. while the results at another amazon facility in alabama remains in the balance tension now turns to another new york amazon warehouse due to hold a unionization vote next month with this victory still very fresh in their minds. gabriel's dondo al jazeera new york ball. gusto peers is executive director of the workers' rights institute at georgetown university law school shows me now from washington, dc via z. good. have you with us on the program, sir victory for one warehouse, but they will be repercussions not only for amazon workers, but also for amazon itself, specially when it says as we heard in gabriel's report, it's reviewing it's options. mr. gaston perez, can you hear me? i can just kindly hear you i'm, i'm are determining that you

would amazon be interested in buying twitter? ♪ emily: some announcements from the amazon web services summit in san francisco. amazon has taken a new step toward getting all of its power from green sources. the world's largest online retailer has reached feels to boost its access to renewable energy by almost third. most of it will come from solar firms in the united states. it will be used to supply amazon offices, warehouses, and data centers. meantime, the ceo of eight of u.s. joins me here on the set in san francisco. we are going to get to that conversation momentarily, but first i want to get back to ed ludlow, who has been following tesla's results. we are minutes away from the earnings call. normally elon jumps on, models through some prepared remarks, and then goes off the cuff, right? ed: he kind of, respectfully, mumbles through repaired remarks for passing it to the cfo or the head of powertrain and energy. but you know him. today is four/20. emily: we were all expecting a big moment. ed: a lot of twitter users sai

amazon spent over $4000000.00 to try to defeat the union boat. the company argued among other things at their $15.00 minimum wage is competitive. union leaders here said they've already heard from amazon warehouse workers in over a dozen different locations expressing their desire to unionize as well. while the result at another amazon facility in alabama remains in the balance tension now turns to another new york amazon warehouse due to hold a unionization vote next month with this victory still very fresh in their minds. gabriel's ando al jazeera new york, the philippines and the united states are holding their largest f, a joint military exercises many, 9000 soldiers from both countries will take part. jamal alan grogan reports al jazeera is invited on a tour, a showcase of combined us and philippine for a power here in the northern province of korean, 550 kilometers from taiwan. a scenario is being played out. the philippine marines are defending the countries coastal waters from imagined foreign incursions with the help of the american troo

amazon trading down almost 10%. expensive overexpansion, they doubled their delivery capacity, they doubled warehouses. this knowledge with surprise loss for this quarter, and a forecast surprise loss for next quarter. manus: thank you for the tech roundup. build it and they will come did not happen. the china story is deteriorating amid lockdowns in shanghai, let's get to our economics correspondent enda curran on the slashing of the growth rate to 3.6%. is this your best case scenario, worst case, run us through. enda: it seems to be the scenario right now. zero covid is hurting the economy in a much deeper way than anyone anticipated. bloomberg economics talking about growth of 3.6% this year. that's all down to covered zero ruling lockdowns, her to consumers and industrial production. we did have some news with a readout from the politburo meeting. they are talking about more support for the economy and have highlighted the need to boost consumption. they are talking about taking pressure off the property market

correspondent: amazon is not about to give up. america's second-biggest employer said it was evaluating options and might not honor the results. those involved in the successful union effort here in new york hope this will involve others to do the same. >> this was a call to action not just for amazon workers here but for amazon workers in the u.s. and for workers in the world to take back what is ours. correspondent: another fight awaits the amazon labor union. perhaps the biggest challenge lies ahead, negotiating with amazon for better pay and conditions. after decades of decline american unions are having a moment. there is no bigger price than amazon, given its size and impact. anchor: and the u.k. farmers are calling for a ban on the production of a weedkiller over fears of parkinson's disease. they point to studies suggesting breathing in paraquat could be a factor. american workers allege the bio company failed to warn the public. claire marshall reports. correspondent: you can find a very different form, in the yard there

remember, you can watch us on roku, amazon fire, apple tv, and online. if you are on the go, and we'll check in with mike for the traffic situation but first the friday forecast because it's friday. >> the wind advisories expired yesterday. you might see a little bit of breeze out there. aside from that, the temperatures will be running a few degrees warmer today. we're headed into our warming trend just in time for our weekend. in san francisco it's about 49 degrees and then by 10:00, 11:00, we start to bump up into the upper 50s, eventually in the mid-60s. san jose right now waking up to 48 degrees, clear skies, and look at your 9:00/10:00 a.m. hour, upper 50s. we'll top out into the upper 50s, and low to mid-70s in the afternoon. the winds are calm and looking ahead at our next chance of rain, maybe? we'll check in on that ain a few minutes. >>> let's check in with mike. >> we'll talk about the wind from chp reports as well. this report should be clearing any second. happened overnight, since 11:30, they've had activity at the transition from highway

amazon is up 7%. microsoft is up 60%. even walmart, from a retail/e-commerce perspective is up 25% in that two-year span, an interesting way, jon, deirdre, to look at amazon from a lens of valuations from a number of different viewpoints it's tough to call given amazon's growth profile last two years. >> what's interesting, dom, i think, is that amazon has the strongest cloud business in aws, and nobody's questioning that, through all of these labor costs, and logistical issues really, it's the e-commerce and logistics businesses, that account for this valuation discount, and they're probably giving more of a valuation discount, in a way, than is apparent in the charts, right? >> and not just that you have to look at the reasons why that valuation discounts's happening with regard to the e-commerce, the consumer spending side, and of course the transportational logistics side. those sides are maybe more exposed to some of the cost pressures that could be anticipated over the course of the next couple of years, perhaps, we

>> well, amazon overbuilt, and i think that amazon built for the consumer that was aggressive and then a worker who got omicron, and they had to build the warehouse, and if i were the fed, this is the single most report that the consumer slowed a little bit, but amazon stopped up the workforce, and this is going to changement i think that you will see an increase in unemployment in the next two quarters, because of the slowdown of amazon. i still like amazon, but they overbuilt. i didn't say it, but the cfo said it. these two reports, amazon was not great, because they spent a huge amount of money, because they didn't know what the demand was going to be, and i think that maybe they misjudge and misjudged omicron, and apple misjudged omicron, and i mean, this thing, and we think that we are out of it, and then our friends come down with it. everyday, and always some new person, and imagine that you are any warehouse in the country. you have to shutdown or add more people, and amazon kept hiring and hiring and hirg,ing and i don't know what they are going to be doing with those people,

would amazon be interested in buying twitter? that conversation is next. ♪ emily: seven is meant from the amazon web services summit in san francisco. amazon has taken a new step towards getting all its power from green sources by 2025. the world's largest online retailer has reached deals to boost its access to renewable energy by almost one-third. most of it will come from solar farms in the united states. it will be used to supply amazon offices, warehouses, and data centers. meantime, adam selipsky, ceo of aws, joins me here on the site in san francisco. we will be going to that conversation momentarily, but first i want to get back to ed ludlow, who has been following tesla's results. we are minutes away from the tesla earnings call. normally how this goes, i believe elon jumps on, prepared some remarks, and then goes off-the-cuff, right? ed: he kind of, respectfully, mumbles through repaired remarks -- prepared remarks, then passing it onto to the cfo, the svp of powertrain and energy, but he always projects. you do know,

amazon shares slump as the pandemic online shopping boom starts to fade. into reverse. the us economy shrank in the last quarter, for the first time since the covid recession of 2020. hard brexit gets softer. the uk delays new border checks on eu foods yet again, amid fears they could make inflation worse. plus, landing in a neighbourhood near you? the pop up mini airports you could soon be using to catch a flying taxi. we start with amazon, because shares in the e—commerce giant have fallen sharply after it made its first quarterly loss in seven years. amazon has been riding a two—year boom in online shopping thanks to pandemic lockdowns around the world. but that's now unravelling fast, as it faces rising costs, and increasingly cash—strapped consumers. as our north america business correspondent michelle fleury reports from new york. amazon was one of the big pandemic winners, enjoying record revenue and profits during lockdown, when people went from shopping in person to shopping online. but the halo has slept after it predict that we can sales growth in the m

. >>> amazon workers voting to form the first union in the company's history in the u.s. a major blow for amazon after fiercely fighting against it. >>> the oscar producer breaking his silence in that shocking moment he says police were ready to arrest will smith for attacking chris rock on stage why he says smith wasn't removed >>> and our series, "the fleecing of america" the surge of telemedicine fraud during the pandemic. how one phone call can lead to thousands in surprise bills >> announcer: this is nbc "nightly news" with lester holt >>> good evening, everyone 37 days into russia's invasion it appears ukraine has turned the tables, crossing the border to attack inside russian territory. ukrainian helicopters striking a russian fuel facility. whether it was a daring one-off or a major change in strategy, it got the attention of the russians and the world. tonight, however, misery's center of gravity weighs squarely on the shattered and tortured port city of mariupol. today yet another attempt to bring in aid and bring out trapped civilians ended in mostly crushing d

amazon is down by 9.7%. if you work through the release from amazon yesterday after hours, the ceo said we are no longer chasing physical capacity. our teams are focused on improving activity and cost efficiencies throughout our fulfillment network. tom: that is the key single sentence from what we heard yesterday. we are not going to do price target. we are going to talk to brent hill. major headlines the day he launched from ubs over to jeffrey's. i want to talk about silicon valley arrogance. you are really good at this. how do you feel about the feeling that we are only in this for our consumers, we are not going to harm our consumers, the inflation is something that we will deal with separate. are they forgetting their shareholders because they are thinking only of their consumers and they need to input inflation fighting increases right now? brent: i think they have protected us in the pandemic. they went from 20% growth to 40% growth overnight. you cannot automate the delivery of toothpaste via a dron

amazon is certainly healthy they moved on to being the everything for other categories. but publishing and book selling really i think found its its strength and as proven they could survive in this. michael coffee has publishers weekly over the years opined? about amazon and its effect on publishing we have reported on it and i think that's an important thing to assert about publishers weekly is that it it's it's original intention was to make business better for those interested in publishing books and not to get involved in any fights not to take stands just to report what was being said what was problematic and to try to quantify it so you can certainly read and publishers weekly how many independent bookstores went out of business in the early part of the 21st century. that's there. it was a problem, but you also find how books stores have thrived and broadening the what you can find in a typical good independent bookstore. so, you know, there's always occasions when we are kind of expected to weigh in editorially on something that has happened, but it's it's very r

amazon may have to automate pretty aggressively. but they have to figure out how to down side a accident chunk of the 1.6 million employees. what does that have to do with jay powell with a company with that many workers lay off, the reverberations is -- because the company is still signing up millions of users for prime. we rang the register on a ton of amazon for the trust not long ago but we'll buy it back if if goes much lower. down 20% is where i'm looking. it could get there too believe me if which we get down here, i'll switch directions from what i saw out here but to get pack on track, powell is getting a break because amazon is a bellwether now that covid is no longer such a big threat to the work force, they could staff down. i don't think the cfo, who is so smart, would have even bothered to mention the term right sizing on the conference call if he wasn't planning on sizable layoffs. amazon like many other companies have to bring in ploem employees to cope with the pandemic in case someone got sick. they could afford to

but it doesn't change the fact -- by the way, the comparisons for amazon in amazon's case, it was going up against a 20% comp much easier comp than what apple just fought through. and so, yes, the comps matter. that does explain why these growth rates are slowing that's what 2022 is all about for all of these companies, base lines and the growth rates in this case it was a little bit more sharp of a decline than i was expecting, especially on the retail business. i think it's a read on the consumer i think this is something that i think you can see through to the rest of the economy and i think you'll see a similar type of commentary with again accelerating declines for amazon row retail business in the third quarter. >> gene, it's been mentioned retail business and consumer business should we be focused on things like cloud or consumer-facing parts of their business? >> i think that the most important part of the story is still retail i think it's still consumer. if you just look at raw percentages of revenue, the advertising business is impacted by retail. we're still talking about 85

apple and amazon, amazon is both, but we're going to focus on the consumer business in terms of commentary. we know cloud is fine. i don't see either upsetting the market if they miss unless they blame the consumer, see slowing economy, and that's the reason it happens so look, i am not hedged on amazon, hedging was way too expensive, made no sense, it is a long term hold as is apple so i'm just riding it. if it is not okay this quarter, it will be maybe next year, maybe in six months, maybe in three quarters who knows. and judge, give jenny more time today. >> she half agreed with you, weiss. you know who knows. >> i give it 80% agree >> okay. jon, you own amazon, too >> i do, scott and they've got what, 41 to 43% of the cloud market but that's only 15% of the total rev that amazon generates this behemoth is dependent on cloud like microsoft is but not wholly dependent on the cloud or aws in their case. i think they'll have a great quarter for that i believe that it will still be a three-way race between amazon, microsoft, and google. so i think the real issue here is the consumer spend o

yet amazon isn't about to give up. america's second—biggest employer said it was evaluating its options and implied it might not accept the results, citing what it perceives as the undue influence of the national labour relations board. those involved in the successful union effort here in new york hope this will embolden others to do the same. this was a call to action not i just for amazon workers here, but for amazon workers around the us. - and for workers around the us in the world to come _ together and take back what is actually ours i and what we deserve. but anotherfight awaits the amazon labour union. right now, they are savouring their historic win, but perhaps their biggest challenge lies ahead — negotiating with amazon for better pay and conditions. cheering. after decades of decline, american unions are having a moment — and there's no bigger prize than amazon, given its size and impact. michelle fleury, bbc news, new york. will smith says he s resigning from the body that awards the oscars followin

with the highest pe ratio, 53 times what did amazon do this week it was down 10, 11%. i don't know where it closed today. facebook was the opposite. it came into this week with a 14 times forward pe, and what did it do? it was up for the week so it doesn't mean that facebook is going to be immune to future selling, but at the same time, it is clear that some names have rerated from valuation standpoint and some have not the market is giving those names some credit for better valuations i do think that's important. today was also indicative of that i think the qs were down 4.5%, facebook down 2.5% if you have to be long, i think the valuation is important now. >> i saw what you tweeted about this -- the big swings being a sign the market doesn't know how to price in the risks that we face right now, but i think that applies to the big moves upside that we have seen. it works both ways i think we just don't know what the upi'side is, what the downse is, we don't know if china is going to get worse, not to bring the laundry list as to why you should be gloomy, but this is

meaning that the $8000.00 strong workforce will become the 1st amazon employees to unionize. in the retail giant 28 year history, beware of what it sa, though, because we want every other industry, every other business to know that dang, sustains. we go on, we go unionized, knuckle, quit our jobs, and more workers were demanding better pay and working conditions at the warehouse were jubilant. many say the ramifications of the unionization push will be felt far beyond the walls of one amazon warehouse. this is a victory, and it's a tide and it's not stopping. and it's going to sweep us all and means everything i it means worker power. the potential for working fast revolution is if you can unionize amazon, you can unionize anywhere. it's a remarkable story for the amazon labor organizers, a small independent union that began only last year and set up shop at a bus stop near the warehouse winning against one of the most powerful companies in the world. some believe the pandemic and its impact at amazon has sparked a see change in workers attitudes across the board. people real

amazon spent over $4000000.00 to try to defeat the union vote. the company argued among other things that their $15.00 minimum wage is competitive. union leaders here said they've already heard from amazon warehouse workers in over a dozen different locations, expressing bare desire to unionize as well. while the results at another amazon facility in alabama remains in the balance tension now turns to another new york amazon warehouse due to hold a unionization vote next month with this victory still very fresh in their minds. gabriel's dondo al jazeera new york. now the solomon islands says it won't allow china to build a military base that would refuse chinese navy warships. but both countries have drafted a security packed, despite concerns from neighbors, including australia, new zealand. china is rapidly building more warships and accused of aggressively pursuing tauriel claims to us. the starting point of the security deal between china and the solomon islands is to protect safety, or people and properties have nothing related to military i

first we are watching the amazon deal. i want to make clear to all i was looking at the prospectus on the break. that is what we do. we are so boring. i was leading the prospectus of the seven part bond deal on the break. kailey is looking at me like you are such a nerd. kailey: never. tom: jp morgan and morgan stanley and goldman sachs are the book runners. one of the phone calls will be to kriti gupta to see if she wants to load the boat on amazon. right now she is looking at the inflation-adjusted yield. kriti: we have to talk about the real yield because you were just talking about the idea of amazon, are they coming to market because they're expecting borrowing costs to surge. you talk about where real yields are headed as well as nominal yields. last week you saw steep moves. the real yield is catching a lot of people's eyes. we are 11 to 12 birds -- 11 to 12 basis points away from a positive real yield. the implications are significant, not just for the stock market, does that mean stocks become less attractive, but

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