Ecommerce growth that even as they do sends some other packages out through u. P. S. , fedex, logistics and others the vast majority, Something Like twothirds of their packages go the last Mile Delivery to peoples doorsteps through the Postal Service back over to you. Sometimes Postal Service delivers on sunday specifically for amazon, several years ago. Thanks, morgan. Lets talk about this. Are the president s attacks on amazon a sign of bigger issues ahead for the company . Donald, and dave are both with us. Welcome to you both. Tom, you think a strong argument could be made that amazon is getting a sweetheart deal here right . I definitely think if you look at the research ive read, theyre getting as much as a 1. 46 subsidy on a perpackage basis. I do think in the case of the u. S. Postal Service Amazon is definitely getting a sweetheart deal, yes. Donald, what about you . Well, absolutely. You know, the bottom line is the post office is subsidized its Parcel Delivery through its fi
Major averages are moving higher we have a panel of experts coming up here shortly. Dont forget about earnings we have a bunch coming our way after the bell, including disney well have an exclusive interview with ceo bob iger. Looking forward to that. First, though, theres also some news out of washington at this hour lets get down to aeamon javers with remarks from the president. Reporter it came about the dangers of the ms13 gang. The president talking about immigration saying he ultimately might want to shut the government down if he cant get a deal on immigration this week. Heres what he said. Id love to see a shutdown if we dont get this stuff taken care of. If we have to shut is it down because the democrats dont want safety and unrelated but still related, they dont want to take care of our military, then shut it down. Well go with another shutdown reporter the president there seeming to embrace the idea of another Government Shutdown on february 8th, later on this week thats th
Discuss north korea. Should investors use the weakness as a buying opportunity . Well debate that. Also, is the ipo market back certainly rokus shares have been roaring higher for a second straight day were going to look at whats behind all the excitement for that stock but in the meantime, we have some breaking news regarding the Federal Reserve. Steve liesman stepping in. What now, steve . Reporter im not stepping in bill Jerome Powell is the news. The Federal Reserve governor, Jerome Powell apparently according to the dow jones met on wednesday with President Trump, interviewed according to them for the fed chair job this comes as its been reported earlier this morning that former Federal Reserve governor kevin warsh met with the president on thursday i think the clear indication is this search for the next fed chair is heating up. We were trying to establish whether or not the current fed chair, janet jellyellen had mett the president. I do not believe thats happened recently well
This year, and coming up, whether now is the time to get back into it. Tomorrow marks President Trumps hundredth day in office, and tom cole says how Close Congress could be to getting a deal done on both taxes and health care. Amazon, alphabet, race to 1,000 a share. We are tracking the action. First to you on amazon. Hey, sara, will. If you are looking at price targets, the streak thinks amazon gets there first. Just shy 1500, thats 25 above alphabets. After the Quarterly Results yesterday, it is getting closer to the milestone. Amazon launched double digit revenue growth, and now heavy investments, and push in the indian market, drone delivery, to the recent nfl deal. Shares surged more than 50 over the last year, and about 25 since january alone. By the way, guys, once shares get 990, jeff besos is the worlds richest man of the its worth noting what spoils the party, and not everyone is on board with the thousanddollar plus average target. After earnings, Pacific Press downgraded a
Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have