The BAANG Heard ’Round the Street, & Bezos Passes the Baton: Walter Isaacson on the Amazon Innovator

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 3 February 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeff Bezos is stepping back from his role as Amazon CEO, passing leadership to AWS head Andy Jassy. Walter Isaacson, author of the introduction to Bezos’s book, “Invent and Wander,” discusses the Amazon founder’s infinite thirst for innovation and the transition of power at the “store” that changed everything. In the wake of the Redditor rebellion, Treasury Secretary Janet Yellen is calling for a meeting of financial regulators. Former Dallas Fed President Richard Fisher considers the regulators’ role in managing volatility, maintaining market fairness, and leveling the market’s playing field.

Transcript

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0:00.0	This is
0:02.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer,
0:05.0	today on our podcast.
0:07.0	Jeff Bezos built Amazon into the Everything Store,
0:11.0	and now he's moving on from the top job.
0:13.0	The biggest thing he used to get asked all the time was,
0:15.0	what's the internet?
0:16.0	Doesn't get asked that very often anymore,
0:18.0	but that tells you how long he's been doing this.
0:20.0	That legacy and Amazon's next leader with the man who wrote the intro to
0:24.1	Bezos's own book, Walter Isaacson. Jeff had already wandered away a bit in his
0:30.1	mind to other endeavors. I think this is one of the most confident transitions
0:35.0	you can imagine. And grounding the frenzy, Treasury Secretary Janet Yellen calling a
0:40.0	meeting with financial regulators to discuss the game stop Robin Hood drama.
0:45.0	Former Dallas Fed President Richard Fisher.
0:47.3	The purpose of regulation is to protect the investor not to let markets run wild and hurt investors.
0:55.0	It's Wednesday, February 3rd, 2021, Squawk Pod begins right now.
1:01.0	Good morning everybody.
1:02.0	Welcome to Squack Box here on
1:03.5	see and be
1:04.9	quick along with Joe Kernan and Andrew Ross
1:06.6	Sorkin it is not Groundhog's Day we're here new day new things
	...

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