Where i was over the weekend among the headlines and there were a lot, a warning about potential risk for the u. S. If Tech Companies decide not to do business with the pentagon. My view is if big tech is going to turn their backs on department of defense, this country is in trouble. That just cant happen so we have to, it is up to the Senior Leadership to say i understand these are emotional issues, we dont have to agree on everything, but this is how were going to do it we are going to support the department of defense. This country is important. Meantime, heavily redacted 103 page document that was just made public a short while ago, amazon says President Trump launched, behind the scenes attacks against the company, which led to it losing out on the major jedi contract for Cloud Services that we have been covering so closely. Guys, in general the bottom line from jeff bezos at the event this weekend is amazon, you could make the argument origin, the Space Company looking for Nation
A piece over the weekend diving into the tech giants Cloud Computing arm saying its quote snuffing out the competition. Joining us now to discuss with us on set. Happy monday. Good to have you. The central question i think here is when is this sort of behavior selling your house brand not okay Grocery Stores do it. Best buy does it. You know, they got best buy internal brand tvs and what not. Is amazon so powerful and got good market share that this becomes kind of a soul crushing and anticompetitive activity. This is one of the Biggest Companies in america inside one of the Biggest Companies in america. If you spun it off it would be massive within amazon which has been accused of this kind of thing around retail, around all kinds of services it offers, its not a great look for it. Actually, this company even though google and others have gotten into the business, it still dominates and keeps it rating feature after feature after feature. If youre a Small Software player, youve got to
Caroll roth. Were allies shocked . It was a packed busy day for President Trump, it ended, just wrapped up within the last 20 minutes, but there was no bigger headline this day than president s first from this morning, he suggested that potentially a trade deal between the u. S. And china might need to wait a full year until after the election. There were three minitype press conferences from president , one with leader of nato, others with leaders of france and canada, president of the asked about the stock market as it was falling because of those comments he sort of brushed it aside. Were in a critical stage. They called us today. They called us yesterday. Were having on going discussions. Well see what happens, but if the stock market goes up again, i dont watch the stock market, i was watch jobs, i watch makine proper deal. Reporter president said he does not watch the stock market, but just look at his twitter feed, to know he tweets about it. In nearterm, there is a question sur
Alphabet apple price target up to 300 couple upgrades at nike, goldman. A lot of research to the up side. Facebook and google in particular have been in the penalty box over regulation concern, trying people in front of congress, having to answer questions. As that was going on, we saw earnings hold up i had the question how long before the numbers outweighed some sentiment while the upgrade seems to be happening. Speaking with all of the market strategists dayin and dayout, they talk about the new trend of cyclical growth, not new per se, but some of the themes theyre focused on while these companies play into that theme. Interesting timing with the upgrade. Seems like theyve seen Sundar Pichai assuming the role as one that would lead to Brighter Future for the company you know, also in terms of valuation, seems like thats another thing that they look at as being a net positive. The other element, facebook in check by the hsbc call that says 40 of market cap could be at risk. Definite
Proved to be the new Magic Kingdom while the apple kingdom apple card cant shake its controversy. First its all about our top story, we work. Theyre set to face the securities and exchange inquiry into possible rules violation into the runup of its failed ipo. The agencys review was said to be preliminary and may not lead to an enforcement case. The company at one point was worth 47 billion dollars before it fell out of favor and needed a bailout from softbank. More outlets bring in congratulations on the story. What we know so far about the inquiry . An inquirythere is happening. It is early, preliminary, we dont know what might come of it. We do know that we work has taken steps to respond to it. They have hired who used to be the head of the Sec Enforcement Division who now works in private practice coming on to help them respond to this. This is also coming from the Sec Enforcement Division, the part of the sec you dont want to hear from. Although we dont know exactly what is promp