Talking about there the socalled jedi contract, its about a 10 billion contract related to Cloud Computing for the pentagon amazon is seen as the frontrunner for that contract it is a big, big number. Here the president saying that other Technology Companies are complaining about the way it was handled. Hell take a look at it. He doesnt specify exactly what it is hes going to do about that contract or how it will be awarded but poses difficult Business Decisions for them. There will be a political overlay onto this as well, tiger. As you know the president is a robust critic of jeff bezos, irked by his ownership of the Washington Post which the president says he feels is unfair to him calling it the amazon Washington Post. This could be seen by the president s critics as an effort to get back at jeff bezos. Well see where this all plays out. No guidance from the white house yet as to what steps the president will take here but sending a shot acrowe the bow. Secretary steven mnuchin. Re
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking about now iran on the tape is saying, maybe, we still want our piece. Thats going to be the question, iran and iraq as well who is also ramping up production to get money, its an expensive fight it has on its hands with isis. Thats the big caveat that Oil Producers will agree. Before this announcement, brent crude was up as much as 5 . Its still higher. The bulls would say, at least were getting diplomacy. This is the first coordinated move that the major producers are doing since the pain began,
Highlights. Reporter it was a short discussion because he was meeting with King Abdullah right after our interview. It was a ride ranging discussion. I asked if the u. S. Was at war with isis and he said that was the wrong terminology. If you want to think about it as a war, i cant stop you but he said that there are a lot of things going on in this strategy, this counterterrorism strategy that people dont associate with war in terms of stopping the flow of finances and stopping the flow of foreign fighters into iraq and syria and he also defended the administrations use of the 2001 authorization by congress to go after al qaeda. Theyre trying to use it as justification for this campaign now saying, randi, that isis really used to be part of al qaeda. It split off but it says you may change your name but he considers them still connected and so thats really interesting because a lot of people are questioning what the administrations legal justification is to launch this campaign. We al