Good tuesday morning. Welcome to squawk alley. Jon fortts on assignment. Hes headed out west. A bunch of big names on that guest lit starting tomorrow. Well hear from steve ballmer, and a lot more over at code over the next couple of days. In the meantime the dow is down 32. Amazon broke through to 1,000 for the First Time Ever as tech stocks continue to rally in the First Six Months of the year. Bertha coombs with the latest. Hi, bertha. Amazon stocks helped lift the stocks to a new high. They have helped Large Cap Fund managers achieve outperformance to the overall market. Theyve really sort of caught up in that area. Active Fund Managers are now about 24 overweight in large cap tech. Thats the largest overweight they even been since 2008. It doesnt hurt that amazon and fail bet are at alltime highs. Facebook has been a little laggard in this group, near 8 gains with other fang members. Apple, they dont really touch on, but coming into this month, ubs noticed that most Fund Managers
Bitcoin at a new record as the price does too, nearing 3,000, 2818, as we speak, an an investor said its in a bubble, bitcoin is. You think . Details ahead. Amazon takes a a shot at walmart again, this time by offering discounts on prime membership for customers who receive government assistance. Well have a good oldfashioned debate on amazon versus walmart coming up in a bit here. Im telling you, its going to be just amazon versus walmart in Retail Industry at some point, right . I think maybe amazon and everybody else, but youre right. They are they are making some right moves. They are. Walmarts coming back. Thats definite. Thats in a bit. Beginning with breaking news, President Trump is scheduled to meet with congressional leaders at the white house. Eamon is there. What are they going to talk about . Reporter yeah, hi, bill. Theyre going to talk about the legislative agenda here on capitol hill. The White House Briefing reporters yesterday saying they are still focused on the idea
10 times more on viagra than transgender care. When the blackid hawk helicopter was shot down, she did not care if the troops sent to rescue her were gay, straight, or transgender. This is bloomberg. Chnology the 2 billionst mark. Meg whitman is stepping down from hp. Could this be part of a bigger move . Plunging . S stock first to our lead. President is expected in a few moments to announce that the taiwanese manufacturing giant plans to open a factory in the United States in wisconsin. The facility will be located in the home state of House Speaker paul ryan. Is expected to employ 3000 people at first and expand. Our bloombergg in reporter who covers the white house. What exactly do we know . That thewhat you said, white house is trying to get as much press for this as they can. They have a big event. And is not something they will just have foxconn announce in a press release. Issues thatof those the president is strongest in, jobs, manufacturing. This is what the administration go
10 times more on viagra than transgender care. When the blackid hawk helicopter was shot down, she did not care if the troops sent to rescue her were gay, straight, or transgender. This is bloomberg. Chnology the 2 billionst mark. Meg whitman is stepping down from hp. Could this be part of a bigger move . Plunging . S stock first to our lead. President is expected in a few moments to announce that the taiwanese manufacturing giant plans to open a factory in the United States in wisconsin. The facility will be located in the home state of House Speaker paul ryan. Is expected to employ 3000 people at first and expand. Our bloombergg in reporter who covers the white house. What exactly do we know . That thewhat you said, white house is trying to get as much press for this as they can. They have a big event. And is not something they will just have foxconn announce in a press release. Issues thatof those the president is strongest in, jobs, manufacturing. This is what the administration go
How it has come within striking distance of apples top spot is the worlds most Profitable Company. First to our lead, amazon shares dipped post market thursday after they reported disappointing financial guidance, especially a potential loss of a third quarter. The earnings per share missed Second Quarter the lowest analyst estimates. Amazon is preparing to step up competition with walmart and Cloud Computing challengers alrosoft and also that phabet. We looked at the numbers. This is a company that is investing. There is a cost to all that free video. Emily where are the expenses . Specify, but it is video and fulfillment. They are building Fulfillment Centers closer to cities. That is why they can get your stuff in one day. Theyre making all of these great shows like transparent and man in the high castle. That costs money. The stock is down 2 are in this this is an unflappable shareholder base. There is this deal of the company. Emily shares are down 3 . Bob, what is your take echop