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The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny� s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce...

In your new book the innovation stack you talk about a glassblower to team up with the founder of twitter to build a multibilliondollar Payment Company you talk about perfect problems when did you realize how Business Payments were a perfect problem . I needed a way to delineate problems if you think about the worlds problems those that are solved so we could copy the solution. And then for one reason or another are not solvable. We dont have a way to do it but then that group in the middle of solvable problems that have not yet been solved is the perfect problem because that is the focus of w...

Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got paid. When did you come to that conclusion, you talk in the book about your work, tummy about that mo...

Such a big mess. We will have that summary in just a moment. In the meantime, lets take a look at factory orders for august. They were down just 0. 1 when the market was looking for a to klein of 0. 2 for a decline of 0. 2 . Theres a potential Market Reaction there as well. Lets bring in our International Economics and Foreign Policy correspondent michael mckee, who is in washington, d. C. For us. Even though this number is an expansion, it missed the 55, and that is really what the market was looking for today. Michael the market has decided the economy is rolling over, and a weaker pmi, even...

Is on the road to recovery. Joining me now is kathleen brooks, Research Director at the stockbrokers xtb. No great surprise the bank didnt decide to make a move on rates. The forecast is still later in the year but it is interesting when we look at how those members of the mpc voted, we get a sense of what could happen next. Voted, we get a sense of what could happen next happen next. Absolutely, the two members that happen next. Absolutely, the two members that voted happen next. Absolutely, the two members that voted for happen next. Absolutely, the two members that voted for a happen next. ...