Exactly three hours ago the tech and ecommerce giant got hit with a new lawsuit from the federal trade commission and 17 state attorneys general. They are accusing amazon of using its market power to inflate prices, overcharge third theparty sellers and for using strong arm tack tactics to maintain its monopoly. The suit comes after a 4year probe into alleged monopolistic moves by amazon. So its actually affecting the Broader Market here. The stock is driving the nasdaq 100 lower. Right now we have got the nasdaq down about 209 points or 1. 5 . It is among the worst performers on the index. Siriusxm on semiconductor cin actioner cintas joining amazon on the biggest laggards list. The that major indices head for their fifth if fifth fifth down day over the last six. If you look at the dow, it is down 403 points, thats at the low concern below its 200day moving average. Microsoft, goldman sachs, caterpillar and United Health care account for onethird of the dows losses. Apple is in the w
Think we made tremendous progress this year i am very fortunate to have the opportunity to talk with and meet with a lot of my colleagues current c. E. O. s prior c. E. O. s like myself and i think there is such a positive and optimistic view of the economy one of the recent surveys. Has its the second highest optimism that weve seen in the last thirty years on a score of you know zero to ten its about seven point five so the optimism is very high why you mentioned it in your opening comments weve seen regulation roll back which has been very helpful not only to large corporations but i spent a lot of time recently with small corporations Family Offices and they see that its a very very positive for every new regulation you have to roll back two or three i see you mention the tax issue i think. What theyve done now to help the Small Business man or woman no longer having to take their taxes at the personal rate but to get more of a corporate rate well everyone ive talked to has said it
The troubling ministration the American Economy super c. E. O. Robert nardelli is our guest on this edition of politics. To a special edition of politicking on larry king President Donald Trump is taking credit for a record breaking stock market substantial cuts in government regulations trade policies he claims will help american businesses and of course the tax reform plan which he tells as a gift to the middle class critics denounces nothing more than a Corporate Tax benefit so whats the truth and how will the trump and ministration policies help or hurt the American Economy in the twenty eighteen year lets talk about that with Robert Nardelli and. Oregon businessman is the former chairman and c. E. O. Of the Chrysler Corporation as well as c. E. O. Of the home depot from two thousand to two thousand and seven prior to that he rose to become one of the top executives and. Is very active in more of the more successful business thanks for coming here its great to be here thank you ok
Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same as the previous growth estimate for that period. David shares of air chemical and products are up after the Company Announced it will plan to look for a new ceo. The chairman and ceo john mcklain will retire next year. Liz the government stepping up plans to get out of General Motors entirely. It now owns just over 7 of gm stock. The treasury plans to sell all its remaining shares by april 1st of next year. After the bell starts right now. Liz weve got breaking news on lazard Capital Markets. Ch
Reported to have led the attack. Hes known as being from niger. He phoned Media Outlets throughout the siege. Reporter he is on the video that is believed to have been recorded in northern mali in 2010 or 2011. He and other militants showed their hostility towards western and arab nations. Reporter the people in the media were from different parts of africa. They trained with various types of weapons. From antitank rocket bombs to antiaircraft artillery. Security experts say many of the weapons came from libya. They say different groups took the arms across the border after the fall of moammar gadhafi. The video shows the transit end life the militants led in the desert. They moved frequently from one location to another. This is one of the senior members shown in the video. He has links to al qaeda. Analysts believe hes the mastermind behind the attack in algeria. Algerian Officials Say the militants prepared well. They say that the group gathered in southern libya and then crossed th