Nothing the last couple of weeks . I think the last ten days, weve been talking about the distinction between having a longerterm portfolio and wanting and needing the exposure to technology and really not touching the technology in the longerterm portfolio. This is a shortterm trading event. I think today we are bouncing. I dont think its over for a lot of the volatility that were seeing in the fang names we could see more, if you want to selectively buy in your longerterm portfolio, im fine with that, and as far as getting out of amazon, longer term, i dont think thats the right thing to do. Okay, difficult to get inside the head of somebody whos not sitting here to answer the questions himself or herself but weiss, what does it say when a guy who runs a tech fund at a big place like t. Rowe price, whos beaten 99 of his peers over the last decade has said enoughs enough on amazon and says the following when sentiment lifts, that is when we usually take money off the table. That is ha
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with sarahiz sarah eisen. First up, the president tweeting about jeff bezos thinking that the amazon Washington Post sometime referred to as the guardian of amazon not paying taxes, not new news. He criticized bezos for his purchase of the post during a speech in texas. I have respect for jeff bezos. But he bought the Washington Post to have political influence. And i have to tell you, we have a different country than we used to have. We have a different we owns amazon he owns political influence so that amazon will benefit from it thats not right and believe me, if i become president , oh, do they have problems theyll have such problems jason, we have the president of the United States targeting one of the soontobe richest men in the country and one of the richest men in the world. How important is this to bezos, to the post and to amazon . Listen, donald trump makes an extremely valid point. If it was 2008 amaz
Percent. In europe also seeing a bit of a mixed picture. The ftse is higher, up by 0. 3 points in france, the cac is under pressure in germany, the stocks are Weaker Crude Oil prices up yesterday for the sixth session in a row this morning up once again up 21 cents to 44. 96 blue apron pricing an ipo last night, 10 a share. Thats the low end of the reduced range the Company Announced yesterday, well below the estimates of 15 to 17 a share. Blue apron raised 300 million ahead of its debut on the New York Stock Exchange later today. Thats a third less than it had hoped. Staples going private. They are being bought basic moth by Sycamore Partners they will pay 10. 25 a stair r. Share f share for strappal staples the buyout comes two years after a federal judge blocked staples planned merger with office depot on antitrust grounds. There was a deal when it came to supermarkets, would supermarkets now be in a stronger vthanks to amazon lets talk banking. The fed clearing capital plans for 34
Delivery service blue apron going pub tlolic today. We talked about the ipo and the future of Online Grocery people care about quality thats why, quite frankly, Online Grocery as a share of offline grocery is a challenging thing. There have been tons of players trying to bring Online Grocery, you know, penetration up historically that hasnt been successful quality is so important. And because we run this virtualicly integrated supply train and involved agriculturally and manage our own Food Manufacturing centers and Distribution Network is one thing that allows us to offer Higher Quality food at better prices and grow the overall online share joining us this morning, good water capital cofounder eric kim as well as ydavid seeberg g to see you both. David, we know the challenges that theyre coming to market with not just the revised pricing more aggressive and also the idea they somehow got amazon a couple fridays ago how do they deal with that they got amazon look, its all about gettin
House passed medical malpractice reform, the gop has new health reform, the president sun leashing the u. S. Energy boom, south korea will now help with north korea and agree to get better trade deals and the market ended up today. Welcome to risk and reader, im Elizabeth Macdonald in for deirdre bolton. The democrats do have unnecessary traits threatening to derail his growth agenda. And now this. Representative jackson lee todays demands that President Trump resign. And we have representative Maxine Waters saying you know what . Thats not good enough. She wants trump quote exile. She tweeted that out. This as the nations economy is growing after bicycling eight years through quick stand, Consumer Confidence is improving, illegal immigration plummeting, iraqi Prime Minister now saying isis is near defeat. And syria got the message that there really is a red line against using chemical weapons. And now this. The secretary of nato of european and nato allies will finally increase the de