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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Jeff Bezos answers question from David Rubenstein. Saul Loeb/AFP/Getty Images

Jeff Bezos gave a master class on life and business onstage in Washington last night, with this keeper advice: "All of my best decisions in business and in life have been made with heart, intuition, guts, ... not analysis."

"If you can make a decision with analysis, you should do so. But it turns out in life that your most important decisions are always made with instinct and intuition."
— Amazon CEO Jeff Bezos
  • "Everything I have ever done has started small," Bezos added, drawing laughter at the 32nd anniversary dinner of the Economic Club of Washington, D.C.:
  • "Amazon [now with 500,000 employees] ... started with five people."
  • "It's hard to remember for you guys, but for me it's like yesterday I was driving the packages to the post office myself, and hoping one day we could afford a forklift."

Amazon's president, CEO and chairman was interviewed at the Washington Hilton for 70 minutes by David Rubenstein, co-founder and co-executive chairman of The Carlyle Group (one of the world’s largest private equity firms), and president of the Economic Club.

  • After a long answer, Rubenstein joked: "I'm not used to cutting off the richest man in the world."

Bezos, 54, owns The Washington Post, where today he'll cut the ribbon on a newsroom expansion to accommodate 850 journalists and 350 engineers. He drew applause with his defense of the press:

  • "What the president should say is, 'This is right. This is good. I'm glad I'm being scrutinized.' And that would be so secure and confident."
  • "But it's really dangerous to demonize the media. ... It's dangerous to say that they're the enemy of the people."

Turning to business best practices, Bezos said he sets his first meeting at 10 a.m.:

  • "I go to bed early and I get up early. I like to putter in the morning. So I like to read the newspaper. I like to have coffee. I like have breakfast with my kids before they go to school."
  • "I do my high-IQ meetings before lunch. Like anything that's going to be really mentally challenging, that's a 10 o'clock meeting. And by 5 p.m., I'm like, 'I can't think about that today. Let's try this again tomorrow at 10 a.m.'"

Bezos said he gets eight hours of sleep:

  • "I prioritize it. ... I think better. I have more energy. My mood is better."
  • "As a senior executive, you get paid to make a small number of high-quality decisions. Your job is not to make thousands of decisions every day."
  • "Is that really worth it if the quality of those decisions might be lower because you're tired or grouchy?"

"All of our senior executives operate the same way I do. They work in the future, they live in the future."

  • "Right now, I'm working on a quarter that's going to reveal itself in 2021 sometime."
  • "If I make, like, three good decisions a day, that's enough."
  • "Warren Buffett says he's good if he makes three good decisions a year." [Laughter].
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Go deeper

California governor declares drought emergency for entire state

California Gov. Gavin Newsom speakinng to reporters in Los Angeles in September. Photo: Allen J. Schaben/Los Angeles Times via Getty Images

California Gov. Gavin Newsom (D) extended a drought emergency declaration to cover the entire state on Tuesday.

Why it matters: "California is experiencing its worst drought since the late 1800s, as measured by both lack of precipitation and high temperatures," per a statement from the governor's office. This past August was the driest and hottest one on record, "and the water year that ended last month was the second driest on record," the statement added.

Updated 2 hours ago - World

Reports: Brazil leader to be accused of crimes against humanity over COVID

Brazilian President Jair Bolsonaro. Photo: Andressa Anholete/Bloomberg via Getty Images

A Brazilian Senate panel will recommend President Jair Bolsonaro be charged with "crimes against humanity," alleging his COVID-19 pandemic response led to hundreds of thousands of deaths, per the New York Times and the Washington Post.

The latest: The lawmakers initially said Bolsonaro should be charged with mass homicide and genocide, but lawmakers updated the report to replace these recommendations with the new charge, its lead author, Sen. Renan Calheiros, told the NYT.

Updated 6 hours ago - World

North Korea claims latest missile test new weapon launched from submarine

North Korean state media claims the country's military fired this missile on Tuesday. Photo: Korean Central News Agency

North Korean state media announced that a detected ballistic missile launch off its east coast on Tuesday was a newly developed weapon test-fired from a submarine.

Why it matters: Pyongyang's latest in a series of recent missile launches into the sea happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

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