B Bezos News Today

>> all right, max. max foster live for us from england. appreciate it. jeff bezos has quasi retirement becomes official today. stepping down as ceo. he should be okay in retirement, though, because hes worth an estimated $197 billion. making him the richest person on earth. cnns christine romans joins us now. nice work if you can get it. good for him. >> he is one of a kind. he is not your typical retiree. later today he steps down as the ceo of amazon, the company he founded that changed the ...

Thats what happened when jeff bezos wrote a post on the website medium, no thank you, mr. pecker, got to love that. that completely turned the table on "the national enquirer" david pecker. you recall they exposed bezos affair earlier this year, coinciding with the end of his marriage, b bezos released how got to them, whether it was a hit job because the "post" has been a frequent target of president trump. manuel franceia, think about this, there is a negotiation of sorts taking place, some wo...

Raleigh. and then you end up saying no, were going to go to, as you put it so well, the financial capital and where, by the way, b bezos. every year, americans spend 7$79 billion to move jobs in the u.s. thats more than the federal government spends on education or infrastructure. this is absurd waste. >> what is the rationale? >> the rationale is they -- theres several things theyre saying. one thing theyre saying is they need to expand in order to be a truly national company, right? i dont buy...

Amazons the clear winner here. it now accounts for 43% of online retail sales. on the losing side, nearly 7,000 store closures have already been announced this year. and companies like toys "r" us, payless, radio shack, many others have all filed for bankruptcy. this retail apocalypse is happening despite a strong economy. online shopping is also speeding up change in the industry. one bad holiday season could be enough to close a store that would have survived in the past. >> all right, christi...