Wall Street Is Unfazed by Trump's Disdain of Bezos and Amazon

Wall Street Is Unfazed by Trump's Disdain of Bezos and Amazon

"I have stated my concerns with Amazon long before the Election", Trump wrote in a single tweet with liberal capitalization.

Stifel says Amazon collects sales tax on its owned inventory in all 45 states that have a state sales tax and Washington, D.C.; believes Trump's tax comments, which really refer to third party merchants, "is not a new issue" and actually favorably positions Amazon relative to its peers. The Postal Service loses tons of money every year, even without Amazon.

Read Friday's Arkansas Democrat-Gazette for full details. A few of the states where Amazon has no physical presence like South Dakota are seeking to change the law to require online retailers without stores or other facilities within their borders to collect sales tax payments from residents.

Trump has repeatedly attacked the Washington Post, too, calling it "Fake News Washington Post", and a "tax shelter" for Amazon.

Trump has previously taken aim at Amazon.

"Not only do Amazon packages cover their own costs", a source involved with the partnership told Benzinga, "but they help keep the overall service alive".

"There's no doubt that e-commerce is causing brick and mortar stores to close their doors", Behlke said.

LeBron James passes Michael Jordan with 867th straight double-digit game
It came to an end with Jordan scoring six points in 25 minutes on 2-for-10 shooting in a 27-point loss to the Indiana Pacers . The guard scored 21 points and broke the franchise record for points scored at 9,841, passing Dell Curry (9,839).

A spokesman for the U.S. Postal Service declined to comment.

Shares of the company fell as much as 6% in trading Thursday, though rebounded by about 1% by the day's end.

A year earlier, in December 2015, the then presidential candidate tweeted that Amazon's founder and CEO, Jeff Bezos, was able to "screw public on low taxation" through his ownership of the Washington Post. So in effect, taxpayers subsidize the most expensive part of the shipping process, according to Behkle. On Wednesday, Sanders said the Trump administration now had "no announcements and no specific policies or actions that we are now pushing forward or considering taking".

Amazon is "putting many thousands of retailers out of business!" "So has Starbucks, Barnes & Noble, Kroger and any other superstore that took share from small businesses".

White House spokeswoman Lindsay Walters said on Thursday: "The President has expressed his concerns with Amazon".

Amazon founder Bezos also privately owns the Washington Post, which won a Pulitzer Prize a year ago for its investigation of Trump's donations to charities.

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