Donald Trump is going after Amazon and Jeff Bezos, again
Mar 30, 2018, 00:40
He said: "A lot of people have made this, with respect to Amazon, about personalities and the CEO at Amazon - we're talking about Jeff Bezos here".
The report, published by Axios, said the president has considered going after Amazon "with antitrust or competition law", and that his friends in real estate have vented to him about Amazon hurting their business.
Before Wednesday's drop, Amazon's shares had soared more than 70% over the prior 12 months, a surge that more reflects Amazon's future growth prospects than its current size and earnings ability. Amazon closed Wednesday afternoon at $1,431 per share and by the time it opened Thursday, after the president's tweet, it was selling at $1,406. Also, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction dated Thursday, February 15th. LVWD's SI was 2,300 shares in March as released by FINRA.
According to one think tank, Amazon owed no federal income taxes in 2017 in part due to credits from a Trump-endorsed fiscal overhaul passed by Congress. Facebook's stock has plummeted about 20% since February 1.
President Trump took aim at Amazon yet again.
President Donald Trump tweeted Thursday that Amazon was causing "tremendous loss" to the Post Office.
It is clearly true that consumers' shift to e-commerce companies like Amazon has forced many traditional retailers to close stores. Amazon does not hold a stake in the Washington Post.
Shah reiterated that Trump was not making specific policy changes.
The White House told reporters on Thursday that the president now does not have a plan to make changes as it comes to Amazon, but is consistently attempting to find ways to "level the playing field" for businesses in the US.
"I have stated my concerns with Amazon long before the Election", Trump tweeted.
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The president has always been vocal with his disapproval of Amazon.
And today Trump admitted in a tweet his concerns over the internet retail giant and its impact on traditional retail businesses.
Amazon is known to collect and remit taxes in every required jurisdiction.
The Trump administration has urged the U.S. Supreme Court to let state and local governments collect billions of dollars in sales taxes from online retailers. Last year, the postal service reported profits of $7 billion and $20.7 billion in revenue.
Rep. Kristi Noem, a South Dakota Republican, has called for legislation requiring online retailers to collect sales tax. Olsavsky Brian T also sold $3.42 million worth of Amazon.com, Inc.
In the past Amazon has been criticised for attempting to skirt state sales taxes, but since April a year ago it has voluntarily collected state sales tax on items it sells direct to customers in all 45 states that have one.
Late previous year, Trump said the relationship between the United States Postal Service and Amazon was unfair, arguing that the agency "should be charging MUCH MORE" to deliver packages for the online business. "Should be charging MUCH MORE!"
Legally pursuing Amazon could affect more than its share price, which was largely steady after Trump's tweet.
"Amazon would just pass the majority of the taxes on to its customers, so it's just a wealth transfer from millions of consumers, to a small number of shop owners (including Walmart)".
President Trump told reporters again today he would like to testify , but his lawyers have been more cautious. Trump made the announcement during a trade event, shortly after his lead attorney John Down resigned.
It confirmed that all of the Toys R Us and Babies R Us locations would be closing and the liquidation sale had not started yet. An unsolicited bid to save some of the stores has emerged in recent days but is considered a long shot.
It would certainly be a popular outcome in the tennis world for a man universally respected and liked by players and fans alike. Del Potro meanwhile will be looking to make it three tournament wins in a row after victories at Indian Wells and Acapulco.
Senior officials from both sides exchanged views in an amicable atmosphere, reflecting the recent detente on the Korean Peninsula. North Korea has yet to officially confirm its interest in a summit between Kim and President Donald Trump .
Bajin specialises in staying positive and fighting for every point, which is Osaka's primary motive to making her game effective. The title win is huge for Osaka. "Yeah, I wasn't - I feel like I wasn't that aggressive today.
More of the same - wet and cold conditions - is expected Wednesday before the precipitation wanes Wednesday evening. The snow will likely have a wetter consistency, with the bulk of accumulations happening between 4pm and 4am.
The representatives of the US, Russia, China, France, Germany, the United Kingdom and Iran met in Vienna on Friday. The new sanctions are a bid to persuade Washington to preserve the 2015 nuclear deal with Tehran.
Reports say Mamata also met DMK leader K Kanimozhi and K Kavitha, daughter of Telangana Chief Minister K Chandrasekhar Rao. Addressing a press conference in the national capital, Mamata said, "Yes, Sonia Ji is unwell right now and recovering".
Loyola-Chicago led 57-47 after Custer's layup with 7:47 left before the Wolf Pack erupted with eight straight points and 12 of 14. Here are the game details for tonight's Loyola-Chicago vs Nevada basketball game, including the start time and live stream info.
Easter egg hunts happening all weekend, all over Wichita area
Our annual Easter Brunch takes place Sunday, April 1, under the open-air dome of the lovely Rose Hills Foundation Garden Court. There will be a worship service at 10 a.m.at Fort Harmar's River of Life Church followed by an egg hunt at 11:30 a.m.
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Israel Detains Armed Palestinians From Gaza
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Former Catalan President Puigdemont Detained in Germany
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Winter storm watch issued for large swath of Indiana
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