Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Much of the world still thinks of Amazon.com Inc. as Jeff Bezos’ company. But Bezos, the fourth-wealthiest person on the planet, hasn’t led Amazon for five years. Under his handpicked successor, Andy Jassy, Amazon’s market value has increased by 45% as it’s pushed further into retail, advertising, sports broadcasting, filmmaking and now the AI wave that’s coming for us all, whether we like it or not.

Jassy, and the way he’s pulled Amazon into the artificial intelligence age, is the subject of our June cover story. But if Bezos and his politics still color your feelings about the company — and your Prime membership status — you might want to reconsider. He remains Amazon’s executive chairman, speaks last at board meetings and shares his enthusiasm for new technologies like robotics. But he stays out of operational decisions, other board members tell us. “No one is confused that Andy’s the CEO and Jeff is in there as an incredible asset,” said Brad Smith, the former CEO of Intuit and an Amazon board member since 2023.

Bezos deserves credit for what was by all accounts a model CEO transition. The world today is full of companies (and political movements) inextricably linked to a single person. Tesla Inc. would have a fraction of its market value without Elon Musk at its helm and the army of credulous investors who hang on his sci-fi prognostications. Other companies — Airbnb, Meta Platforms, Nvidia, Palantir, to name a few — remain linked to their founders, who seem to like it that way. Bezos selected his successor and stepped out of the way.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:
Brad Stone, Bloomberg Businessweek Editor
Blake Leonard, Stew Leonard’s Wines & Spirits President
Kai Boysan, Flix North America CEO
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Airlines are cutting uneconomic routes, revising forecasts, and building in buffers, effectively managing around volatility rather than eliminating it. That’s creating a downstream behavioral shift. Travelers, particularly at the premium end, are no longer optimizing for price or experience alone. They’re prioritizing predictability and control over their time, a dynamic that is beginning to reshape both commercial and private aviation.

In private aviation, that shift is even more pronounced. Demand remains strong, but the real differentiator is no longer access, its execution, especially in constrained environments where the gap between scheduled and actual travel becomes most visible.
Alan Walsh is the President of Sentient Jet. He speaks with Carol Massar and Tim Stenovec.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Jared Kushner, envoy for President Donald Trump, sends WhatsApp messages to royals across the Persian Gulf and has participated in investment meetings at his private equity firm, Affinity Partners.
Affinity Partners manages billions of dollars for Qatar, Saudi Arabia, and the United Arab Emirates, which have agreed to pay Kushner's firm tens of millions of dollars in fees annually.
Kushner's financial interests have created a fraught backdrop as Trump tries to put an end to the biggest foreign-policy crisis of his presidency, with critics saying his twin roles as diplomat and investor have blurred lines between public policy and private profit.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:
David Gillen, Bloomberg News Senior Editor On Kushner Disappoints Mideast Clients Who Spent Millions for Sway
George Mattson, Wheels Up CEO on earnings, Delta partnership
Lizzie Fournier, Bloomberg News Senior Editor On Big Take: Here Is Jeffrey Epstein’s Sprawling Web of Influence
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Hosts Carol Massar and Tim Stenovec speak with Haley Sacks: Mrs. Dow Jones and author of 'Future Rich Person'. They discuss her work, personal finance tailored for Gen Z and how young people can build wealth.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The latest reports from “Little St. Jeff’s,” the notorious Caribbean hideaway of Jeffrey Epstein, are startling.

One recent visitor was allegedly hog-tied naked. Would-be interlopers on jet skis have been chased away. Another, apparently, was bound with duct tape and assaulted in the presence of police officers.

Epstein has been dead for almost seven years, but this strange new drama is now playing out on what was once his private island — Little St. James in the US Virgin Islands. The new owner, distressed-debt billionaire and Black Diamond founder Stephen Deckoff, has been besieged by curiosity-seekers and voyeurs.

On today's episode, hosts Carol Massar and Tim Stenovec speak with:
Sri Natarajan, Bloomberg News Chief Wall Street Correspondent & Ava Benny-Morrison, Bloomberg News Senior Legal Reporter on how the new owner of Jeffrey Epstein's private island has been dealing with curiosity-seekers, voyeurs and other unwanted visitors
Gerry Doyle, Bloomberg News Global Defense Editor on BIG TAKE: China’s Secretive Missile Program Is Making Dozens of Companies Rich
John Connors, CEO of Boathouse on C-suite report about AI and the labor market
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