president biden: no. todd: griff jenkins is in washington with the latest from the president s trip. griff. griff: good morning, carley and todd. joe biden s first trip to asia ends just moments from now. you are looking live at air force one, waiting to get wheels up from tokyo, just after 6 p.m. there. caps swing through south korea and japan intended to highlight a new economic pact. as you saw, the president leaves major questions looming over the u.s. policy toward taiwan, which the white house was forced to walk back in a statement and defense secretary austin tried to clean up yesterday. our one china policy has not changed. he reiterated that policy and our commitment to peace and stability across the taiwan strait. griff: not the first time the white house has had to clarify for the president, drawing harsh criticism from china s leaders and earlier this morning in one of the president s last public events, biden was hammered with questions over whether he
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
giant starbucks has ordered all of it workers across the country to be fully vaccinated by february 9th or face a weekly covid-19 testing environment. starbucks will require its 2,028 employees to reveal vaccination status by next monday. meanwhile, a flurry of smash and grab robberies have hit california in the recent months. nbc s jake ward reports on what happens to the goods after they re stolen. reporter: we ve all seen footage of organized groups emptying store shelves. but understanding why this is happening requires understanding what happens to the goods once they ve been stolen. in 2020, thieves robbing san francisco stores found buyers for bags of over-the-counter pharmaceuticals in the tenderloin neighborhood, according to police. the thieves brought their stolen merchandise to this street corner right here, and then gave it to a middleman. and then it wound up at this
district attorney. i mean, this happens to folks all the time. that they face a civil investigation at the same time that there s a criminal one. so it s not like that they hold up, you can t really tell someone s responsibility to enforce the law. oh, we just don t think you can enforce it right now. maya wiley and erin mclaughlin, it s so nice to see both of you and i thank you so much for being with me this morning. now to some other major headlines out west. this week, the biden administration will expand the trump-era remain in mexico program to san diego s border industry point. this as immigration court hearings begin under the policy with the administration bringing 36 migrants back to the u.s. from mexico for their proceedings. the administration says that it s against the program, we ve been asking the supreme court to allow its end, but it s currently under a court order to care on. a court order does not mandate it to be expanded, however. and seattle-based coffee