i know that bezos is actually right. bezos is speaking a lot of rationality. is absolutely right. the president is absolutely wrong about about -- it does not pay to say, you know what, nothing we can do. you can't shrug your shoulders endlessly like jimmy carter did and say, there's nothing we can do. >> does that set you up for a post-midterm bounce? >> yes. i would like you earlier but we have to have all the numbers. we have to have the numbers cut severely in a lot of cases. >> we have multiples trading down. some are extraordinary low. double digits from several companies that have significant earnings. at least we think so. but businesses not technology- related. >> we are starting getting the tech -- but we've got logistics that are going down. the fact that oil is going down at a time when ukraine and russia, and the fact is that china is coming back online, is a curiosity to me. unless you say the russians have been able to sell enough oil to india and to china. >> it does seem to be the case right now. unless the plan were to become reality, which seems unlikely. >> it

bezos says biden has a basic misunderstanding of economics. two thirds of americans don't think biden should run for a second term, citing his age and mental fitness in addition to the fact that he simply is, quote, a bad president. and we have a live report ahead on the highland park shooting that i was telling you about, horrific details coming out about the parade incident in chicago. "mornings with maria" is live right now. let's get back to this biden versus bezos feud that we sawer result over the weekend -- saw erupt over the weekend. jeff bezos taking aim on the president after he called on companies running gas stations to lower prices. biden tweeted quote, bring down the price you're charging at the pump to reflect the cost you're paying at the product and do it now. jeff bezos responding with this, inflation is too important a problem for the white house to keep making statements like this, it's either misdirection or a deep misunderstanding of basic market dynamics. the united states oil and gas association jumping into all a of th

jeff bezos not having it either., dominic --" says the guy who gave $1.7 billion with his company to president biden -- $1.7 million. >> we can tell companies to lower prices customer [laughter] why doesn't he try this with electric cars? why doesn't he try this with college tuition prices? i love how he goes after gas station owners. buying schedules -- and you asked the guy behind the bulletproof plexi glass to borrow the key to the men's room. how much money does that guy have? what do i need to do to be the guy that i.d.'s high schoolers to try to buy 40s? he is a working-class guy guy. how do the democrats, who fired pilots, fired keystone pipeline workers who have gone after this gas station -- made less than six figures -- how do they get away with that? seems like jeff bezos is going after it because because -- -- railroad tycoon, unionbusting. a revolutionary thinker that is idolized by a lot of people in the country, and you are one of the second richest guys in the world with a revolutionary product. >> i

. >> thank you for having me >>> coming up one year since jeff bezos handed the reins over jeff bezos handed the reins over to andrew new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. and it's easier than ever to get your projects done right. with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're covered by our happiness check out angi.com today. angi... and done. every search you make, every click you take, every move you make, every step you take, i'll be watching you. the internet doesn't have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. every search you make, every click you take, every move you make, every step you take, i'll be watchin

. >>> jeff bezos renewing the ongoing feud with biden and the white house. taking the president to task over the blame on energy companies for higher gas p rice. >>> and amazon marking one year under ceo andy jassy could a turn around be on deck it's tuesday, july 5th you are watching "worldwide exchange" here on cnbc >>> good morning welcome. i'm seema mody in for brian sullivan at this hour. let's kickoff the week with a look at the stocks at this moment a look at futures right now. according to a lower open. the dow indicating lower by 150 points stocks kicking off the second half of the year on a strong note all three climbing by 1% on friday still not enough to erase the steep losses for the week. dow falling 1.2% with the s&p shedding 2% as you see there the nasdaq, the biggest loser, falling more than 4% a lot of it having to do with the bond market. 10-year treasury has been around the 3% level today is below that at 2.88% we will keep an eye on that. draw your attention to the oil market we are watching this strike by norwegian oil workers. further

>> good morning, happy independence day there is a spat between the white house and bezos.he president tweeting about the high cost of gas and how it should have come downgiven the oil prices fallen bezos saying this is all too of an important issue it is either miss direction or misunderstanding of market dynamics then you have the president secretary at the white house saying it is not a basic market dynamics, it is a market affecting the american consumer. >> you mentioned the hot dog eating competition that price has gone up over the past 12 months if you are butting together a 4th of july buffet having wine and hot dogs wine has gone up hot dogs up 6.3%. bier and chicken wings are up. happy happy independence day to you both >> you can teledl, he do notogs? >> michelle will be up next with our of july forecast >>> a fan frenzy in toronto. drake wants is that way and he certainly got it ...an independent organization that sets strict quality and purity standards. nature made. the number one pharmacist recommended vitamin and supplement brand. did you know there are surf

, bezos slammed biden, peter doocy is live at the white house. peter. >> peter: and rich, the president did that even though 60% of the gas stations in this country are owned by small business people, individuals or families that just own one. and when we heard the president talking about the economy during a 4th of july event at the white house, his outlook was kind of gloomy. >> our economy is growing but not without pain. liberty is under assault, assault both here and abroad. >> peter: the president's sweet that got bezos attention read like this. my message is simple, a time of war and global peril. bring down the price you are charging at the pump to reflect the cost you are paying for the product and do it now. but that misses the point, according to industry experts. >> yeah, and it's not like there's some group chat with 150,000 gas station owners on it where they send out a message and oh, the president told us to lower prices so we are going to do it, it does not work that way. >> peter: the president has blamed gas prices on putin and

a look at what jeff bezos is saying about biden and why. first, two interviews about one of the most influential companies in the world and its name is tiktok. yes, the short form video app is the most downloaded app in the world beating instagram to that title. tiktok downloaded more than 3.5 billion. and the people who download the app love the app. they spent an average of 46 minutes a day on it. other social media giants look at tiktok with envy. tiktok is the fastest growing app in history. it is quite simply storming past the competition causing rivals to create rip-off products. on the surface the app appears to bring a lot of joy to people, influencing dance styles and pushing cooking trends and the like, something more sinister may be built into its model. that's certainly what critics believe. the control tiktok has, the power, comes from its data collection and its algorithms. so a tweak might lead to you stay inside and watch one more funny video clip, one more funny dog clip, or it might persuade you to form an opinion about a

f bezos. we'll be right back. i really do take care of myself. i try to stay in shape.ly important, especially as you age. i noticed after kids that my body totally changed. i started noticing a little pudge. so i took action! coolsculpting targets, freezes and eliminates treated fat for good. no needles, no incisions. discuss coolsculpting with your provider. some common side effects include temporary numbness, discomfort and swelling. you've come this far... coolsculpting takes you further. visit coolsculpting.com hi. we're zerowater. and we believe everyone deserves coolsculpting takes you further. the purest tasting water. that's why we strive for zero. you see, to some it means nothing. but to us, it means everything. here, take a look. this meter showing triple zeros means our five-stage filter did its job, and that virtually all dissolved solids or tds have been removed. and all that's left is the purest tasting water. let's compare. a two-stage brita filter stops here. but our five-stage filter doesn't quit. zerowater. we strive for zero. my asthma felt anything

truck is offering, popsicles, shaped like the faces of billionaires bill gates, ellen mosque, jeff bezos, and even ali baba's jack mall with names like gobble, gates, bite bezos, and munch musk customers seem to like the idea, but even taking a bite out of capitalism comes at a price. the popsicles cost a whopping $10.00 apiece. well, that's all we've got for me and the whole business team here in berlin. thank you for watching. with blue, the water came at night last summer, a terrible flood devastated the oro valley little was left standing. what does the region look like today? ah, and how a residence dealing with the focus on europe next on d. w. ah, the pandemic in sight. ah, we show what it could look like. will return to normal and we visit those. we're finding it difficult with successes or soon, you know, we're weekly coping 19 special in 60 minutes on d w. o. oh, i go, mike speaking, how can this passion hatred of the people be explained? a gold con go a history of anti semitism is a history of stigmatization and exclusion of religious and political power struggles. it's a hist

jeff bezos and even ali baba jack mar with names like gobble gates, bite bezos, and munch musk customers seem to like the idea. but even taking a bite out of capitalism comes at a price. the popsicles cost a whopping $10.00 apiece. well that's all we've got for me and the whole business team here in berlin. thank you for watching. we'll see you tomorrow with enter the conflict zone, confronting the powerful 18 months after the violence on capitol hill. it's clear that the u. s. democracy was in greater danger than previously believed. my guest is weak from thomas david from a writer and columnist for the atlantic magazine. he says the stakes were and still are frightening, really whole conflict on next. on d, w to the point a clear position and international perspectives. after claiming the capture of ukraine through hundreds region, russian troops, no one to take full control of neighboring done. so what's next for vladimir putin? and does he have an appetite for more? find out on to the point shore to the point in 60 minutes on d, w. o. oh . with the memories of a woman ali from syria

bezos, and munch musk customers seem to like the idea. but even taking a bite out of capitalism comes at a price. the popsicles cost a whopping $10.00 apiece. well, that's all we've got for me and the whole business team here in berlin. thank you for watching it or i i is the end of the pandemic in site. we show what it could look like. return to normal and we visit those. we're finding it difficult. a successes amazon, you know, weekly copays 19 special. next on d w. the 2021 blood catastrophe in mainland invoked by owned by a natural disaster was warned, but no one believed it. 184 people died, thousands lost their homes. but in the tragedy, holt appeared thanks to volunteers from across germany. a protocol in 45 minutes on d, w. o. oh . she's up to date. don't miss our highlights. the d w program on line d, w dot com, highlights not has no limit. i love is for everybody. love is live. i love matter. and that's my new podcast. i'm evelyn char, mom and i really think we need to talk about all the topics that more divide and deny that. an

jeff bezos and even ali baba's jack mar, with names like gobble gates, bite bezos, and munch musk customers seem to like the idea. but even taking a bite out of capitalism comes at a price. the popsicles cost a whopping $10.00 apiece. well, that's all we've got for me and the whole business team here in berlin, thank you for watching. with is the end of the pandemic in site. we show what it could look like return to normal and we visit those who are finding it difficult with successes or soon, you know, weekly copays 19 special next on d w. and to the point, strong, clear positions, international perspectives. after claiming the capture of ukraine through hahn's region, russian troops, no one to take full control of neighboring done. yes. so what's next to vladimir putin? and does he have an appetite for more? find out on to the point. sure. to point in 60 minutes on d w. o. oh, with the memories of a woman ali from syria is born in a female body, forced into marriage. great. his escape will be the journey of his life. far from home, ali can finally become the person. he's always wanted to

something even jeff bezos says doesn't quite add up.k meredith is at the white house with more. >> the white house is blaming gas high gas prices on vice president vladimir vice president vladimir putin as well as on the oil and gas industry is a halt to the president even drew some surprise and outrage from some over the weekend. with the tweet which read "my message to the companies when winning gas stations in setting prices at the pump is simple. this is a time of war and global peril, bring down the price you're charging at the pump to reflect the cost of paying for the product and do it now." the president telling companies to lower prices drawing outrage of mockery from u.s. energy producers and amazon ceo jeff bezos. the u.s. oil and gas association, which advocates for the industry, fired back writing working on it, mr. president, in the meantime have a happy fourth. make sure the white house intern who posted this tweet registers for econ 101 for the fall semester. gas prices are up. you're not imagining it. the national avera

bite bezos. >>> coming up, one man's nasty fourth of july surprise. he opened up his pickup truck to find this. why he thinks the culprit was a bear. >>> but first, "the bodyguard" coming true for many celebrities. details on the latest match. that's next. you're watching "world news now." with golo, i've lost 13 inches in my waist. they're outta here. you eat normal food. you're not eating diet food. i'm doing something good for me finally. (announcer) go to golo.com to lose weight and get healthier. i got this mountain bike for only $11. dealdash.com the fair and honest bidding site. this kitchenaid mixer sold for less than $26. this i-pad sold for less than $43. and this playstation 5 sold for less than a dollar. i won these bluetooth headphones for $20. i got these three suitcases for less than $40. and shipping is always free. go to dealdash.com right now and see how much you can save. >> announcer: "world news now" continues after this from our abc stations. 3, take one. here we go. my name is wesley, and i'm with my knucklehead brother. my frie

bezos has a point.ouse is giving conflicting statements, kind of throwing stations under the bus, throwing refiners under the bus, throwing oil companies under the bus, basically throwing anyone he can under the bus aside from saying look this is the situation we're in. a lot of this is borne out of the fact that covid caused refineries to shutdown, covid becaused demand to plummet but i do think there is a point to all of the scape goats the president is trying to point out it's just a combination of oil companies are raising production but keep in mind the biden administration has not made it easy for oil companies to return to a period of growth. that's fairly obvious. lauren: or to give them some sort of commitment that the return on their investments will be worthwhile in the future , even the near future , because they still have a green agenda and that does not include fossil fuels. >> exactly right. the clouds of uncertain are potentially holding back oil companies from investing billion s of do

bezos. this is far too important of an issue for the white house to keep misleading the american people. a president -- apparently, president biden missed the lesson on economics the day they studied economics in economics class, or maybe he's just forgotten what he learned. the bottom line is that the president needs to take this issue more seriously and stop pointing the blame at others. first, it was russia. then, it was the oil companies. and now it's the gas station owners. it's only a matter of time until the president finds a way to blame in on republicans or perhaps former president trump. ultimately, the buck stops at the white house, and the president must take responsibility for his anti-energy policies that have made it more and more difficult to explore and drill for oil right here under our feet in the united states. thank you, madam chair, and i yield back. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from north carolina, ms. foxx, f

bezos is right.eally having a grasp of how gas stations work. >> yeah, big time misdirection, trace. the president is looking for anybody to blame but his own policies. that's why he's gone after oil companies. now he's gone after gas stations. putin is in there as well. here's the problem. this is what happened on friday. the biden administration on friday said we are going to severely limit new leases for offshore oil and gas. translation, this isn't a gas station problem. this is a biden administration policy problem. of course, he released that friday. he tweets over the weekend, jeff bezos is right. this administration has given up on economics. it's all about politics. they are just hoping they can find somebody before the november elections to pin the blame on and americans he believe it. i can tell you, americans don't believe it. they're looking at a president that is failing them. >> trace: oil executives say we're not going to ramp up production and have the administration just bring it ba

the white house accused jeff bezos of supporting corporations that make huge profits at the expense of american people. earlier, the founder of amazon said that president biden did not understand the dynamics of the market at all, otherwise he would not have offered gas station owners to lower fuel prices. the cost of gasoline. raised to last month record highs of more than 5 dollars per gallon as a result, the billionaire who took the side of the owners of gas stations. accused of supporting a corporation. the ex-wife of johnny depp demands to cancel the court decision and find her not guilty in the case. about slander. now her team of lawyers is preparing for a new case, according to her defense, the evidence that dep presented means nothing, and the jury was biased. let me remind you that earlier the court recognized the pirates of the caribbean star as a victim. i ordered amber heard to pay him more than ten million dollars for a false accusation that nearly ruined his career. further, after a short advertisement, the exposure of fakes from a special operation in ukraine in the pro

m's on ceo jeff bezos clapping back with this. mic war of with jeff bezos. we got one from the preceptor you tweeted, "i guess it's not surprising that you think oil and gas companies at the expense of the american people's way the economy supposed to work." only jeff bezos questioning the president's tactics. the oil and gas association says that it was something a white house intern would come up with. top administration officials insist that this president knows how to communicate effectively. >> anybody who knows president biden knows that he's plainspoken and he tells it exactly what he is thinking. in terms everyone can understand. we take great exception at the idea that this is misdirection. the president speaking honestly. >> on capitol hill, it's not the words with the policies coming out of the white house that have many conservative lawmakers concerned. >> in a very gentle way, why do we have high prices? because we don't build pipelines, we are not drilling, we are not loaning to energy companies. we are putting addit

it sparked this response from jeff bezos.ation is far too an important problem for the white house to keep making statements like this. it is straight ahead misdirection or a deep misunderstanding of basic market dynamics. american petroleum institute president and ceo, that president biden should be supportive of the transition to electric cars instead of making everyone to gas station owners and drillers in texas the veil lan. bringing down the gas prices u.s. needs to increase oil production. to do that there needs to be long-term support shown for the u.s. energy industry. so far the administration continues to restrict supply and discourage investment in that industry as you know, charles. charles: when i read the tweet, edward, i could hear president biden's whisper, and do it now. edward lawrence, thanks a lot my friend. i want to bring in kathryn rooney vera. this is very frustrating. this keeps happening. jeff bezos, he is not on the right, we know that but he is a businessman and i think his frustration is the sort

amazon mogul jeff bezos slamming the president on twitter for blaming gas prices on big oil companiessaying it's either straight ahead misdirection or a deep misunderstanding of what's happening tonight, the white house hitting back, portraying bezos as part of the problem. >> if everybody cooperates on this, we could bring the price down at least by about a dollar a gallon. >> reporter: after a weekend at camp david, the president returns to the white house tomorrow for fourth of july festivities with those inflation issues top of mind on wednesday, the president will speak in cleveland, ohio, about economic efforts to help middle and low-income americans kate >> all right, josh lederman, thank you. >>> the top security officer for the u.s. supreme court is making a plea to end picketing at justices' homes. she wants officials in virginia and maryland to enforce laws to stop that. demonstrations ramped up after roe v. wade was overturned last month, police arrested an armed man near justice brett kavanaugh's home, charging with him attempted murder >>> now let's turn to ukraine where

bezos' philosophy was get big fast. earning money, making a profit, that will come later.e of their shopping online. it's so much more convenient because you have almost unlimited selection. the convenience is going to make this the year that shopping comes of age on the internet. >> this was a time that allowed you to make choices as a consumer without gatekeepers choosing things for you. you could decide, i want that, and you'd get it. if you don't live in a big city, you can still get big-city stuff. >> the worldwide computer network called the internet has inspired more movies than any big deal, technological fad since, oh, the cb radio boom of the 1970s. the internet itself, however, is definitely exploding. >> it hit, and within like two years, it's become so powerful. >> we're sitting on the most perfect beach in the world and all we can think about is -- >> where can i hook up my modem? >> in 1999, we are culturally, socially, financially quite dependent on the internet. >> in washington today a special senate committee is preparing to release a fairly alarming rep

let's create >>> bezos over the weekend twe tweeting out over the weekend.exhausted i am exhausted even trying to respond and i don't need thine aggregattaggre. nothing's going to change. president biden is not listening to me. >> i doubt he'll listen to jeff bezos. >> still to come, connecticut governor ned lamont is joining us to talk about gas and many more and later we'll talk to jeff currie, stay tuned, "squawk box" will be right back ng on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq (vo) while you may not be a pediatric surgeon volunteering yeah... oh. your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you s

jeff hoover -- jeff bezos had this retort.yes, this is really deep response out to inflation, it is support for the white house to keep making statements like this. it is either straight ahead misdirection or deep misunderstanding for it what i also found interesting was that divided white house responded to that. saying that -- abiding what houses wanted to that. saying that this is not basic market ethics. the american consumer, the other thing that i find quite interesting is that the psychologist -- psychology of the summer driving peak demand season when it comes to oil in the u.s., there are some signs, even as you see it more air travel this long weekend, the perhaps not as many people are going for long drives the summer because of how expensive gas has really been. let's get a quick check of the latest business flash headlines this hour for you. watching the world's biggest oil traders saying that oil costs are weighing on demand. speaking, they told the head of a shed that high energy costs are causing demand destruc

that suggest that supposed to b substantive that it was so off the mark that even jeff bezos said to clap back at the president president, look, i don't think it's a fair fight and anyone's eyes if joe biden, who has a 36 percent approval rating down from 54 percent fro a year ago when he took office, i don't think it's a fair fight for him to go up elon musk or jeff bezos. these guys have created so much wealth and jobs, and they are just not going to win that debate. >> i will ask you this. claiming that mom and pop gas stations, that have to make money by selling cigarettes and candy bars, and i haven't met anyone who is a really wealthy guy or woman, blaming them is really, it's so disingenuous. it is so unfair and it just avoids the reality of what's going on in america today. >> my favorite part of that fea is the end when he said and jus do it now. who does he think he's talking to? and he does he think he is? this is a free economy. the economy response to market impulses. it should never respond to the presidents tweet. a lot of them are first-generation americans who are tr

with me and studio cofounder of max fund.com and fox news contributor jonas max ferris, let's go to bezosally i don't like this guy, he's usually a supporter of the president and democrats but even he couldn't hold back, the week was ridiculous doesn't everybody know their local gas station i, he's not the one setting up a will flipped on the white house maybe because of the $500 million, he's going to bring in data will pay $9 a gallon. it is questionable, does the white house i don't know how it what they intentionally try to drink claiming the consumer or -- this spread which is sort of real, why gas pump prices are a little higher than they have been in the past -- >> why is that? >> is hundred, and with knows but there's a lot of demand and consumer's price incentive, i'm not going to say which oil major but the call it a.where you complain you don't really cut back on your gas consumption at the end of the day and of the price for energy companies and that's why stocks are up a lot until recently, the last few weeks stocks like valera profit from the spread of this and other energy

high gas prices ignite a new war of words between amazon founder jeff bezos and the white house. >>> caught on camera. a glacier in the mountains breaking apart, raining down on hikers down below. >>> the terrifying crash on this racetrack, how a formula 1 driver was able to escape uninjured. >>> later, the law against ice cream trucks finally overturned. >>> and a real pickle. the streaker on the field is no match for this pickles mascot. >>> good monday morning, everyone. happy fo we begin with the police shooting of jayland walker. prompting the city of akron, ohio, to cancel some of its holiday events today. >> he was killed in a hail of bullets after a vehicle and foot chase. the city has released dash cam footage. >> some of these images are disturbing. city officials in akron, ohio, are releasing what they're calling extremely disturbing body camera video. showing the moment officers shot and killed 25-year-old jayland walker. >> the video you're about to watch is heartbreaking and very tough to take in. >> reporter: authorities say early monday, officers tried to pull walker

bezos and mr. branson taking joy rides to outer space in their spaceships, buying $500 million super yachts and living in mansions all over the world while some 600,000 people in our country are homeless. in other wordses, we're looking at -- in other words, we're looking at two worlds. people on top never did better. the middle class continuing to decline and the poor living in amiss balance conditions. and in the midst of all of this, the american people want congress, want their elected officials to address corporate greed, to address income and wealth inequality, and end a tax system in which some of the wealthiest people in this country in a given year do not pay a nickel in federal taxes. where large profitable corporations do not pay a nickel in federal taxes. and they want a tax system which is fair where the wealthy and large corporations pay their fair share. madam president, the last poll that i saw had congress, the united states congress with a 16% approval rating, 16%. and to me this

what i said. >> trevor: if you said jeff bezos rock elevator i would have gotten it, you didn't haveo include-- anyway, what is going on in the traffic. >> choco taco was trash t was a trash, let's be real about t it-- likes everybody loves to be sad whenever they get rid of one of these treats. oh, take my choco taco from me, everybody who loved quhoko taco bought as much as much as they talk about how they love choco taco, they would still have a damn choco taco but you didn't do that, you went and got sorbets and gelatos now your choco taco is damn gone, it was all right. >> trevor: you told me that you loved it. >> that downt mean that it was delicious it was just all right, it wasn't a legendary ice cream treat, let's be real about the choco taco. it wasn't legender. it wasn't no necessarily bar t wasn't no flint sthoan push-up, is isn't no ice cream sand wimp, the truth of the mat certificate that most of the foods with losm i love, especially ice cream we just attach to people that he had and built memories with while consuming that treat. you don't miss the choco taco, you mi

. >>> amazon is celebrating its 28th birthday today marking one year since jeff bezos stepped down at ceo. on this day in 1994, bezos incorporated the company after launching it in his bellevue, washington, garage. andy jackie took over as the head of the company. stocks hit a record high, but since then it's down more than 40%. fallout from the covid pandemic, record inflation, supply chain constraints and labor challenges have all plagued the company. amazon is still worth more than $1 trillion. >>> up next, you may know her as dance cam mom. now the warriors fan favorite is going national taking her moves to a new tv show and you can find out where to watch it coming up. - [announcer] the more we learn about covid-19, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. >>> happening tonight, the warriors fan known as dance cam mom takes her talent to national tv

i don'ti don't think it's a fait for joe biden to go up against an elon musk or jeff bezos. bes these guys are multibillionaires who have created so many jobs, so much wealth and the like. and they're not just not going to win that debate. 10% of the country said we're headed in the right direction. that's because of gas prices and inflation. wil >> all right. all right. i'll ask you this. you know, blaming the mom and pop gas stations that have to make money by sellingt cigarets and candy bars. and i haven't met anyone who's an owner of those companies, you know, who is a really wealthy guy or woman blaming them is really it's so disingenuous and so it's so unfair and it's just it's just avoids the reality of what's going on in america today. >> you know, my favorite part, the end whens at he said and just do it now. ng >> who does he think he's talking to and does he think he ishe d? this is a free economy. the economy responds to market impulses.. it should never respond to a president's tweet. just do it now. pyou know, most of those gas stations, you mean that they're i

4th holiday, the president also under pressure over soars gas prices and inflation amazon mogul jeff bezos slamming the president on twitter for blaming gas prices on big oil companies, saying it's either straight-ahead misdirection, or a deep misunderstanding of what's happening the white house hitting back, portraying bezos as part of the problem. >> if everybody cooperates we could bring the price down by at least a dollar a gallon. >>> one person is dead after a fiery crash during an air show in michigan. the driver of a jet-powered semitruck was killed during a pyrotechnic stunt. priscilla thompson has the late e. >> reporter: tragedy on the tarmac >> oh, oh no >> reporter: at an air show in battle creek, michigan on saturday, chris darnell died after his family says the tire of his jet fuel truck blew out, rupturing the gas tanks which erupted in flames during one of the show's fiery stunts. video shows the shockway jet truck which can top more than 350 miles per hour emerging on the other side of the inferno before rolling several times what went through your mind as you saw the tru

that's what jeff bezos pointed out.direction or a deep misunderstanding of basic market dynamics." so i think when you put into context first blaming vladimir putin and now oil and gas companies directly, it is willful ignorance. it is a willful ignorance of econ 101, which in turn is an attempt to misdirect everyone on the source of these troubles. >> and also to do nothing about it. he saw those little fingers at the gas pumps now that say he did this to the price of gas. and he is saying, it's them. the message to the american people is very clear. me, joe biden, i'm not going to do anything about it. i'm not going to change my policy. the american people aren't stupid. you're right, poll after poll shows the american people are blaming joe biden and rightfully so for inflation and the price of gas. and this is a sign that they're not going to change course. because that's what people do, politicians should do. good politicians. don't expect to be perfect, but when you realize you're hurting people, hurting families,

jeff bezos is right, this is an inflationary problem, not a gas problem. you lose somebody who is in charge of your loudest advocates, you are doing something wrong. i'm not an economist but i don't need to be to see china talking about capitalism is a red flag. biden got what he promised. he said he was going to put the squeeze on oil and gas market. he did it. he keep investment out of it. he's done a lot of things for us to continue production at the rate we were at. one of the biggest fall lcis -- fallacies. . there's a surge in demand in everything they do because the cars were parked in 2020. >> china is applauding biden in its policies is a good look for the white house? >> no, it is embarrassing. it is embarrassing because the hunter biden connection to china. when john kirby goes on tv and says that joe biden is a plain spoken person. everything that comes out of biden's mouth is scripted by his teammates -- >> the teleprompter -- >> the teleprompter. >> there's a scene in rush hour two where chris tucker looked at jackie chan and says nobody unde

i assume, helima, you agree with jeff bezos, but i do wonder what you think the president is after heret that relationship is going to look like? >> i think for president biden, the challenge he has faced is there is no easy supply fix to this market. again, we keep saying it's going to have to be demand that balances this market because we really have a shortage of spare capacity and so i do think as we look out into the midterms, the president is trying to find a way to show voters that he is sensitive to the concerns about inflation but again, going after oil companies or talking about gas stations, that's not going to fix the fundamental issue in the oil market of a shortage of capacity again, demand will balance this market. >> do the companies have any ability to affect the price at the pump >> here's the issue, sara, is that most gas stations, the vast maj majority, are independently operated i mean what president biden has been trying to do is trying to get oil companies to basically produce more but that's not going to be an immediate fix, as we all know. you can't just turn th

"washington post" owner amazon founder jeff bezos, bezos responded by saying inflation is far too important a problem for the white house to keep making statements like this. it is either straight ahead misdirection or a deep understanding of basic market dynamics. besos finds himself in the unique position arguing making same criticism as some republican. >> all of this is due to the policies of this white house and a democratic-led congress and house. this could be changed right now. joe biden could say we'll open up domestic production of oil and gas. we'll remove regulations to allow drilling in all the different places in our country yet he refuses to do that. reporter: still in the president's 4th of july address he prepared americans for more pain ahead. president biden: our economy is growing but not without pain. liberty is under assault, assault both here and abroad. reporter: he will take his economic message on the road to try to persuade americans that his economy is working for everyone. jackie? jackie: edward lawrence thank you so much for that. millions of americans though s

>> as you know, we disagree with jeff bezos.all to call on everyone along that distribution chain as i just mentioned from oil companies to refineries to distributors to retailers to pass their lower costs through to consumers that is what is important to make sure that we should not make again, consumers pay first and get that relief last. >> when they talk about relief from high gas prices, remember before the president went off to europe, he called on congress to eliminate the federal gas tax. he want as three-month gas tax holiday. just because the president said that doesn't mean the democrats that control the house or the senate have done anything. here we are. no federal gas tax holiday. >> neil: it's going be a leap to get that. we wanted to hear from representatives from the oil and gas industry in response to what the secretary said like fingering a lot of the hardship that you're experiencing right now. tim stewart joins us. good to have you back with us. what the secretary was saying as his boss the president was say

before we get started, i want to put up the white house response to bezos' criticism. white house press secretary tweeting quote, oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down. that's not basic market dynamics. it's a market that is failing the american consumer. your response? >> the president's being intellectually dishonest. we're playing with fractions right here. frankly, what he's doing is what he always does for all the problems that he's created the blame game, the blame falls within. you know what leadership is? what a real president does? a real president stands up and says look, i made a real bad mistake when i limited the number of permits out there. i increased the red tape out there. and i just closed down the oil industry in every single way i could. how could the prices not go up? he wants to blame ukraine or the war in ukraine, and that's nonsense as well because frankly, if he had been a strong president, and he's not, he's weak, and he's feckless, and, you know, putin knew that, so he went ahea

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not long after that, bezos tweeted this. ouch inflation is far too important.roblem for the white house to keep making statements like this. it's either straight ahead, misdirection or a deep misunderstanding of basic market dynamics. a day later, biden press secretary karine jean pierre counter tweeted this back to beso, so oil prices have dropped by about $15 over the past month, but prices at the pump have barely come down. that's not basic market dynamics . it's a market that is failing the american consumer. we came to cordelia, where the 6 80 80 freeways meet. it's a place that's loaded with all kinds of gas stations and fast food places, so we asked some folks whose right as to base does not part of the lower class. he does an early, understand or get what ? we're all suffering because of this. i just feel like what can he do to better the situation? if he can better the situation then we are just golf. with the flow as to biden. governments never had a really good grasp on how economics work. how can you expect the public to believe that it's a crisis w

oh seven eight years ago jeff bezos with bezos expeditions funded an expedition to recover the f1 rocket engines from the saturn 5. he contracted with us to do the conservation. we did the mission control consoles down at nasa johnson space center historic mission operations control. some of our fabrication projects we did most of the set props and hardware for the movie apollo 13. we worked on from the earth to the moon we've worked on multiple productions for tom hanks such as magnificent desolation from the earth to the moon we did first man. we've done exhibitory work for groups all over the world. we we built a ufo of all things for a museum in taiwan. our team actually just traveled to dc last week. they built the display frame exhibit frame for the apollo 11 command module so they went out there to install it so our our team is one of the foremost experts at restoration built up an expertise on fabricating replicas and and then doing exhibit work. it's a division of ours, but it's one that does does generate revenue for the operation. that kansas proud we absolutely i'm gonna have

. >>> amazon founder jeff bezos speaking out over inflation.the white house of misdirecting consumers or a deep missunderstanding of market dynamics he is calling on energy producers to bring down the cost ofs gasoline at the pump kari next jean-pierre speaking out saying that basic market dynamics is a market that is failing the american consumer. the deutsche bank ceo says he would like the ecb raise rates more quickly than previously announced. rise of inflation is increasing the risk of global recession next year. we have the senior market analyst with us. susanna, it is great to have you with us. it was miserable for equities. reasonable to believe things will be different in the back half of the year >> miserable to say at least certainly europe has had a lift at the start of trading. i think what we are likely to see going forward is volatile environment. i think, of course, the u.s. earnings season kicking off through the month will be closely watched and just to find out if that dent in consumer confidence will start to move through a

we worked on an honest job and we generated so much, well for jeff bezos. when wealth didn't, none of that will trickle down to was amazon towed as their workers do, receive competitive salaries and pay. and this is what they told us about unions. our employees have the choice of whether or not to join a union. they always have, as a company, we don't think unions are the best answer for our employees. our focus remains on working directly with our team to continue making amazon a great place to work. back of the warehouse in north carolina. these 4 kids say they are determined to organize and confident it will happen. i believe in hagney, we are going to be the leads me to happen and that we will be ignored that, you know, we're here. you see that you see us here today. ah, to be quite honest, they don't know what to do. if they do legal face an uphill battle, convincing amazon to join them at the negotiating table for collective bargaining. german airline, lufthansa has cancelled more than a 1000 flights due to a strike by ground stuff. unions want a near

jonathan: i promised the jeff bezos's to the president.nflation is far too important for the white house to continue making statement like this. it is either misdirection or a deep misunderstanding of basic market dynamic -- basic market dynamics. tom: price theory 101. jonathan: we would love to catch up with jeff whenever he is free. from new york, this is bloomberg. ♪ jonathan: the u.s. and china pulling back on tariffs not enough. negative half of 1% on the s&p. losses last week, we add to them this tuesday morning. yields lower last week, a little higher today but picture this, -- a lot of this is about weak data, a feed of week data. all through most of last week with the potential to do that again this week going into payrolls friday. a turnaround, a big turnaround in the fx market. euro-dollar, very briefly with a 1.02 handle. tk, you have to go all the way back to 2002 to see these kinds of levels on euro-dollar and you can take your pick this morning. i would say look to the bundesbank, looking at the ecb emergency policy but for

you might get a question from come up in this case, a warren buffett or a jeff bezos.ali: it's fascinating because the other folks in the office are certainly the likes of jeff bezos, bill gates has been seeing here today. one interesting person here that has been benefiting from elon musk. the about tesla a lot. also, spacex. dan sondheim says a lot of his private investments are down. people are really worried about deploying capital when parts of their portfolio are bleeding. but he's gaining from spacex. so, how would you people are looking to warren buffett form -- for soaring valuations even in a tough time. kriti: the stock market is green on the screen. you are seeing that amid a low-volume environment. how much of this is sustainable? the fourth day of gains in the u.s., the longest streak year to date. does it sustain, especially, going into the payrolls report? stick with us on bloomberg television. this is bl mark: keeping you up-to-date with news around the world with the first word, i'm mark crumpton. orest johnson has given into pressure and resigned. th