Amazon Founderjeff Bezos briefly becomes the worlds richest person. But wall street nerves about the companys massive Spending Push him back down to number two. Plus, Making America Grow again. Will the latest figures on the us economy bring President Trump closer to his 3 target . Welcome to World Business report. Im rachel horne. Also coming up a billion dollar round of coffees as starbucks buys out its chinese partner. But first we start with retail giant amazon. It has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad its spending a fortune on developing its business, and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately, they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual
Muted start. And Chlorinated Chickens, the Electric Mini and tech titans well be looking at whats been a busy week in today we want to know does great wealth bring great responsibility . Yesterday amazon founder jeff bezos was, briefly, the richest person in the world what would you do if it was you . Just use the hashtag bbcbizlive. Hello and welcome to Business Live. We start with retail giant amazon it has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad news its spending a fortune on developing its business and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual profit a comparatively measly 197 million and down 77 on last
Prospect of flynn entering a plea is not unexpected and, quote no one should draw the conclusion that this means anything about general flynn cooperating against the president. Instead, they believe any charges against flynn will likely be related to his lobbying work on behalf of turkey and have nothing to do with the president or russia. Some legal experts are also suggesting that even if Michael Flynn had damaging evidence against the president , there are real questions about his credibility. Given the potential charges against flynn including false statements, you know, his credibility is suspect. And im not trying to run down a guy who served his country for years. But ultimately, when you have to look at as a prosecutor to put him on the witness stand against those charges, theyre going to need some corroborating evidence to support his testimony Going Forward if he agrees to cooperate. Reporter and the fact that flynns attorneys have ended their informationsharing agreement wit
as the billionaire pop star s eras tour gets underway in scotland. welcome to business today. i m sally bundock. more now on the results in europe as the bloc s parliamentary elections come to a close. as you ve been hearing, we ve seen a surge on the right across the region. we ve seen a surge to the right across the region. in france, the strong showing for marine le pen s national rally triggering a snap election in france called late yesterday by president emmanuel macron. the outcome of these elections are of significance because the politicians in the european parliament will be agreeing on the bloc s budget and economic policies and its position on trade. the european union is the world s largest trading bloc the top trading partner for 80 countries worldwide. with 27 member countries and an integrated economy, it has a combined population of around 440 million people. that s a vast consumer base for its own producers and exporters around the world. let s hear now
the traditional nuclear family do better on virtually all parameters.. dr. ben carson. the book. the perilous fight. he has a book about a soul, thank you for joining us on a sunday night. thank you so much, my pleasure. yes, sir, i hope you have a great week ahead, thank you for spending part of your sunday with us, as we say good night, a special word of thanks to those two sailed a cross an ocean to liberate a continent, especially those who did not sail back home, d-day, 80 anniversary. until next week you can find us on-line. good night from south carolina. . hello i am joey jones with molly line, cheryl casone and charlie hurt. welcome to the big weekend show . we have a big story tonight. trumps hot streak in hot las vegas. it is 110. but it does not feel it to me. we are sad here for a little while. if anybody gets tired, you will let me know. they were so worried everybody was so worried about you and they never mentioned me, i m up here sweating lik