u.s. post office the u.s. taxpayer is subsidizing amazon's profits in an unhealthy way that's got to end i don't think makes any sense for the u.s. post office the american taxpayer just subsidize the delivery cost for amazon and their shareholders that's absolutely wrong i agree one trump on that well the u.s.p.s. is owned by the taxpayer and subsidized by the taxpayer and they have a natural monopoly on the last mile for mail delivery so amazon has a special deal which is by the way secret nobody knows what it is a special deal that they lose money on every package so it's not a deal that we don't need to be revisited when we don't know because we were not allowed to see the contract but the fact is that if you if somebody has a fifty pound bag of dog food delivered it costs the same as if you have a like a little tube of lipstick delivered but i was talking about correlation doesn't equal causation and i want to show you like a little chart. on this because i tweeted correlation doesn't necessarily equal cau

u.s. post office will lose $1.50 on average for each package it delivers for amazon. that amounts to billions of dollars. the failing "new york times" he says reports the size of the lobbying staff has ballooned, which doesn't include "the washington post" which is used as a lobbyist. if the post office increased its parcel rates, amazon shipping would rise by $2.6 billion. this post office scam must stop. amazon must pay real costs and taxes now. >> yeah, that figure came from a "wall street journal" op-ed that was published last summer. and that op-ed relied upon an analysis done by citigroup. and that analysis, funny enough, i had been looking for it for months and months and months and only about a week ago got my hands on it. josh barrow, a sharp business writer for "business insider" wrote a column taking issue with that number, which, again, is raising the question of, like, whose numbers are right and what's the cost? but that's, i think, where trump got the number. >> do you have a number in mind that you think is right? >> no. no. i'm trained to look for dat

u.s. postes by office. i don't understand that. i will take my answer of line. it is kind of confounding. what happens is that shipments will be moved, it will be parceled out by different companies. the postal service is really well positioned to do what is called a last mile delivery. they have a couple hundred thousand letter carriers. they go to people's houses and businesses every day regardless. it is very easy for companies to hand it off to the postal service at the end. it is not unusual to have two or even three companies handling the parcel before it reaches your hands. guest: bill, massachusetts. democrats. wondering -- the guy said amazon raise revenue for the post office. it really means nothing if the revenue is creating a loss. i am self-employed. if i had a million dollars worth of revenue, and i was losing 10%, i'll go out of business. what bothers me most is he mentioned that these numbers are being kept secret. you can't even get the numbers. what the price is, that amazon that is paying and so forth. whenever i hear something like that all i

u.s. post office he's been talking about what amazon's activities have been to small retailers around the country. his tweets have been, as far as i can recall, quite specific none of them relate directly to the department of commerce. >> but i guess the question on the amazon front is how much of this is about amazon itself, how much is it about jeff be zozos his ownership of the washington post whether executives who own the company should own a newspaper, too, given what now appears to be a conflict that's emerged >> well, the president has been very outspoken, his views on amazon, his views on the washington post and his views on jeff bezos i think he's your best source for follow-up questions. >> it was -- wilbur, it was interesting that nafta was actually brought into the conversation about the caravan, whatever you want to call it, coming up from mexico, wilbur. i mean, there's a lot of negotiation -- negotiating and tweets, things like that, is -- could -- could mexico's action given what happens with these hondurans, could they affect negotiations for something the size of a naft

u.s. post office. e post office struck this deal and so the president i think is in charge of the post office so he can strike any deal he wants with amazon. although, i suspect amazon at some point, you know, you've seen them doing much more around their own delivery has a lot of options here dhoenlt ha they don't have to do business with the u.s. post office or less business. probably he's talking about negotiations that would happen with big schippers the post office does it all the time so that's presumably what he's talking about. but obviously he's conflating jeff bezos relationship with "the washington post" with this so clearly that it's ridiculously political we'll see what happens >> ridiculously political or not, it's having an infeeffect the stock price. he also continues to make this untrue argument that amazon doesn't pay sales tax as we pointed out it does. it's third party sellers don't you think baez oes, i asked this earlier, is he under any pressure here? is there anything to be gaine

post office's disastrous state of affairs? with the closing bell ringing in about 47 minutes and the dow up 13, there's one company that might truly be tripping up the u.s. post office's business, and no, it's not amazon. find out who it might be on the day of a hugely successful ipo. >>> and do you believe north korean dictator kim jong-un when he says i'm ready to get rid of my precious nuclear arsenal? we're g to ask former u.s. ambassador robert kimmet. >>> can germany's angela merkel convince president trump to stop the steel tariffs? whether she can or he should? we'll ask the ambassador next. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. here's something you should know. there's a serious virus out there that 1 in 30 boomers has, yet most don't even know it. a virus that's been almost forgotten. it's hepatitis c. hep c can hide in the body for years without symptoms. left untreated it can lead to liver damage, even liver cancer. the only way to know if you have hep c is to ask your he

u.s. post office will lose 1.50 on average for each package it delivers for amazon. a cityand should be revised. >> reporter: epa chief scott pruitt is not only rolling back the obama era plans to make cars more fuel efficient, he's also setting up a legal show down with california. under the clean air act, california has a waiver that allows the state to set its own emission standards. but the trump administration is threatening to revoke the waiver. california governor jerry brown says the ep a's decision will poison our air and jeopardize the health of all americans. and state attorney general javier bassera tweets they could file suit if needed to protect the state standards. we spoke to residents driving fuel efficient cars and gas guzzlers, with rising gas prices, they want fuel efficient cars. pruitt says the epa will now go through a process to determine new mpg standards. in oakland, jessica flores, kpix 5. >>> and just a few hours ago, president trump announced that he wants to use the military to protect the u.s. mexico border. during a meeting with the ba

u.s. post office will lose a dollar 50 on average for each package delivered from amazon.nts to billions of dollars. the post office scam must stop. amazon must pay real costs. there are mountain questions about the president's plan. he had this to say about our role. >>> let the other people take care of it now. >>> trump has made no secret that he would like other nations to play a bigger role in the conflict. there are about 2000 u.s. troops . the state department says they are going to continue working on stabilizing that region. >>> tmz is reporting that president trump spent 27,000 $27,000 on monitoring media reports after the adult start suit him. the money went to a company that tracks new stories using keywords. the documents don't say what the story was being tracked are what story was being tracked the day before the payment was authorized. stormy daniels sued to get her confidentiality agreement validated. >>> bring your own big wheel race will be held. >>> we head towards your easter sunday. we will talk about some rain clouds and the complete update coming up

u.s. post office, you would think you would have some leverage somewhere. >> i'm not sure u.s. st office are the best negotiators. >> probably not. the presidential appointees and congress. >> they all derive from government. neil: i think you touched on something that's going to go significant here, the messaging, bully-pulpit of the presidency to pound a company, but is there any risk that you can overdo that? i mean, $20 billion off market value of a company now, don't cry for amazon, shareholders don't cry for jeff bezos, but that is a dangerous precedent set, one company because you don't like the guy. >> you put your finger on one to have key elements that makes donald trump who he is and we will see if it's successful or not. he does use external leverage to try to get his way on things and creates tremendous volatility in the process. we are seeing it with china and tariffs, we are seeing with the stock market recently and we are seeing it with amazon. the president's method here, though, he believes he can get a better good result as a result of cyber rattling and going

post" to protect amazon from taxes. >> reporter: amazon paid $957 million in u.s. taxes last year, its revenue nearly $178 billion. as for trump's claim that the post office loses billions for amazon deliveries, it is true that the online retail qualifies for a special bulk rate because it ships millions of packages. but the influx of business helps the struggling post office. >> in the meantime, your department stores are all going out of business because it is unfair competition. >> reporter: since the campaign trump has accused amazon of hurting small businesses. a record-breaking 6,700 stores closed in the u.s. last year alone. more than 66,000 retail jobs were lost. but amazon has added more than 245,000 jobs worldwide. amazon's founder hasn't responded directly to the president's recent attacks. this week, the company lost more than $30 billion in stock value. after reports surfaced that the president was considering taking on amazon. it bounced back, but all eyes will be on the markets monday after the president's tweets. tom. >> kenneth moton for us. kenneth, thank you. >>> now to the growing calls for the top official at the epa to step down. abc

u.s. post office. amazon losing more than 5% of its value. facebook, which started the tech downtown turn last month amid criticism of how it handled users' data lost 2.7% today. collectively, shares in the five tech giants known as fang-- facebook, apple, amazon, netflix, and alphabet-- lost about $324 billion of their value in the last two weeks. cbsmoneywatch.com editor-at- large jill schlesinger. >> anything that impedes their forward progress is a sell thgnal to the big investor. they don't want the risk of sitting atop of these multi-year profits to see those profits evaporate. >> reporter: the market also felt the effects of china slapping $3 billion in tariffs on american pork, fruit, and 120 different types of commodities. >> it's just a fraction of what we send into china. the fear is an escalation, whether this becomes a trade tit for tat conflict, which escalates into a trade war. ouat would be a terrible thing for each of those economies. >> glor: bianna, how much concern is there right now about an escalation in these trade offe

u.s. post office will lose $1.50 on average for each package it will deliver for amazon. that amounts to billions of dollars. it does not include the fake washington post which is used as a lobbyist it should so register. if the post office increased its rate than the amazon shipping cost would rise by $2.6 billion. this post office scam must stop. amazon must pay real costs and taxes. the washington bureau chief pushback in an article and he wrote, the president labeled the newspaper a mistake and demanded it register as a lobbyist from amazon. the pos operates independently m amazon. though the news organization is owned by the chief executive and founder of amazon. so far jeff and governor brown quiet about the presidents attacks. it is clear neither fight is over. >> thank you so much. the u.s. consulate in st. petersburg closing today. sixty american diplomats being kicked out as moscow makes good on its promise to retaliate for trump's decision to expel the same number of its nations diplomats. several countries are doing the same after the poisoning of a russian spy

, while we're on the subject of the post office president has been lashing out at amazon this week repeatedly for saying amazon has become taking advantage of the u.sal service. after he claimed the post office loses 1$1.50 for every amazon delivery which isn't true he tweeted this. saying i am right about amazon costing the u.s. post office massive amounts of money for being their delivery boy. amazon should pay these not have them born spelled wrong by the american taxpayer po leaders don't have a clue or do they. why insult the post off by calling them delivery boys they're adults. the trump has it out for amazon because owner jeff bezos owns the washington post that is constantly digging up stories about him. amazon has now lost $60 billion in valuation since trump start the going after them. their stock price has dropped. they are smart, amazon came up with something else. >> here at amazon we want to make sure your delivery gets to you in the most efficient, stream lined way possible, and in light of recent criticism of our use of the u.s. postal service amazon is proud to introduce our newest invasion in delivery, innovation in delivery, ama

post office a "scam." on twitter... trump wrote... "the u.s. st office will lose $1.50 on average for each package it delivers for amazon. that amounts to billions of dollars." an increase in postal rates could do damage at amazon. the u-s postal service has lost money for 11 years. that is mostly due to pension and health care costs... not package delivery. (jrstone) the trump administration is moving toward rolling back emission and fuel economy standards for cars. the e-p-a says it has delivered a 16-page draft proposal to the white house for review. tighter regulations on greenhouse gas emissions were a central focus of former president barack obama's second administration. they were not popular with many republicans and president trump campaigned on promises to cut them back. some states implement their own environmental rules that are stricter than federal standards. california has vowed to keep its tight regulations on automobile emissions in place regardless of what happens to federal standards. (jrstone) coming up... kids in one communi

u.s. post office. amazon into the day, losing 5% of its value.acebook which started the tech downturn last month amid criticism how it handled users data lost 2.7% today. collectively shares in the five tech giants known as fang. face book, amazon. apple. netflix and alphabet, apple, netflix and alphabet parent company of google lost $324 billion of their value in the last two weeks. cbs money watch.com editor at large jill schlessinger. >> anything that impede forward progress is a sales signal to big investor. they don't want the risk of sitting on top of multiyear prof tights see some of the profits evaporate. >> the market felt the effects of china's decision to slap $3 billion of tariffs on american pork, fruit and 120 types of commodities. >> just a fraction of what we send into china, the fear is an escalation. whether this brkz a trade tit for tat conflict which escalates into a trade war would be a terrible thing for each of those economies. >> so, how much concern is there now about an escalation in these trade offers back and forth? >>

while we're on the subject of the post office, the president has been lashing out at amazon this week, repeatedly, for -- he says amazon has been taking advantage of the u.s service. after he claimed the post office loses $1.50 for every amazon delivery, which isn't true, he tweeted this. he tweeted, saying, i am right about amazon costing the u.s. post office massive amounts of money for being their delivery boy. amazon should pay these not have them born, spelled wrong, by the american taxpayer. leaders don't have a clue, or do they? why insult the post office by calling them delivery boys? they're adults. the trump has it out for amazon because owner jeff bezos owns "the washington post," the newspaper that is constantly digging up stories on him and his people. and also trump is jealous because jeff besos is actually a billionaire. but amazon has lost $60 billion in valuation this week since trump started going after them. their stock price has dropped. they are smart, amazon came up with something else. >> here at amazon we want to make sure your delivery gets to you in the most efficient, streamlined way possible. and in light of recent criticism of

u.s. post office. amash on ships stuff to us.can't be making money on that, is net below cost pricing on the shipping and isn't that a purgatory act? -- predatory act? jennifer: you can violate antitrust laws, but to be honest, of all kinds of conduct that they may cross the line on, that is most difficult to prove because it has been proven they are selling the low-cost and you have to look at what that packages and are they truly selling below cost? that is hard to show, but he also have to show the intent is to ultimately drive out all of your rivals and get a monopoly position and recoup what you lost by raising prices. these are very difficult things to show and these are rarely if ever successful. david: it's takes us back to capitol hill to change antitrust laws. jennifer rie will be staying with us. here is a look at the stocks right now, all major averages down over 2%. the dow is down five and 30 points and s&p 500 down 63. will continue watching this the first day of the second quarter, which is not starting off strong

post" to protect amazon from taxes. >> reporter: amazon paid $95 million in u.s. taxes last year. its revenue nearly $178 billion. as for trump's claim that the post officeoses billions for amazon deliveries, it is true that the online retailer qualifies for a special bulk rate because it ships millions of packages but the influx of business helps the struggling post office. >> in the meantime your department stores are going out of business because it's unfair competition. >> reporter: since the campaign, trump has accused amazon of hurting small businesses. a record-breaking 6700 stores closed in the u.s. last year alone, more than 66,000 retail jobs were lost, but amazon has added more than 245,000 jobs worldwide. amazon lost more than $30 billion in stock value after reports surfaced trump was considering taking on the company. it bounced back but all eyes on the markets monday after the president's tweets. kenneth moton, abc news, new york. >>> coming up, former u.n. ambassador andrew young discusses race relations in america, 50 years after the assassination of martin luther king jr. you can watch "this week with george stephanopolous" at 8:00 righ

u.s. post office, maybe not since ben franklin, as we have from donald trump. amazing that we're focusing this much on the post office, which had problems for years inefficiencies for years, losing money for years. listen, obviously, this is used as an excuse to go after amazon. and the bigger issue here is not the underpricing of packages but whether this is really setting up a framework you know, not today, not in the next six months, for future regulatory, and i think more likely anti-trust action against amazon >> i don't doubt that this is a fig leaf, but i guess at the same time, i wonder if it's worth asking the question, do big e-commerce companies pay what is commensurate with their use of the underlying infrastructure that is paid for by the u.s. taxpayer, and if indeed we are subsidizing them >> the one for sure analysis that we have says at least it says that we're not. which is the postal regulatory commission i recognize there is a citi report and a "wall street journal" editorial by someone who is an investor, i think, in u.p.s. or something, but

post office a "scam." the president tweeted . "the u.s. erage for each package it delivers for amazon. that amounts to billions of dollars." the u-s postal service has lost money for 11 years. that is mostly due to pension and health care costs... not package delivery. coming up on the kron 4 weekend news... gone are the days when people would go the library... just to read a book. we'll show you how one library is putting a new spin on things... next after the live look outside... san francisco embarcadero. (ácommercialá) ( marty )today marks san francisco's 27th annual easter parade and spring celebration. the festivites kick off at today at 10 a.m. and ends at 5. the parade starts 2 p.m. on union street... between gough and filmore... in san francisco's cow hollow neighborhood they'll be alot of food and live performances. there will also be an easter bonnet contest along with kids' rides... games... face painting... and a petting zoo. and remember to get a picture with the easter bunny too. ( marty ) reading books and sitting in silence

u.s. post office is set to renegotiate that deal with amazon later on this year.wny, he has done expensive good work on this topic. thank you for joining us here. who has the upper hand in these negotiations, amazon or the usps >> i think it's first important to take a step back and assess how usps has negotiated these deals. in the past you heard a lot of talk that they're just looking to meet the costs, just to have one dollar of profit in their deal with amazon and the question that trump is asking and what we've looked into is whether or not usps is getting a good deal and getting a price that's fair. that's what they'll be negotiating. >> are they? would you say they're getting a good deal? some say they are getting looked by amazon but also then getting billions of dollars in revenue they didn't have before. >> we don't know the deal itself is secret. it's heavily redakctedredacted, contract version we can see. we know they're focused on meeting costs. if they wanted to look at this strategically, they would look at, you know, does amazon have any other opti

u.s. post office will lose $1.50 on average for each package it delivers for amazon. that amounts to billions of dollars. the failing "the new york times" reports that the size of the company's lobbying staff has ballooned and that that does not include the fake washington post, which is used as a lobbyist and should so register. if the post office increased its parcel rates, amazon's shipping costs would rise by $2.6 billion. this post office scam must stop. amazon must pay real costs and taxes now. >>> now, there are some factually questionable claims the president made in the tweets we have to point out. first off, amazon does pay state and local taxes. there are some third-party vendors, especially international ones, that sell via amazon that don't pay u.s. taxes. further, we do have to point out that the post office itself has claimed that it has a mutually beneficial relationship with amazon, so it's not clear exactly where the president is getting those figures. and further, it appears that he's conflating amazon with the washington post. the ceo of amazon, je

u.s. post office. trump administration is backing south dakota in this case and a really -- a ruling is expected in june. >> let's look at the ramifications. we have a business expert with us. thank you for joining me. let's say the supreme court decides to let states collect sales tax from out-of-state retail? who would benefit? >> big box stores would be the big winners. the chief harm comes to small businesses. think about california businesses who put up their own website to be able to reach customers around the country and trying to save themselves from the competition of big box stores. those websites that have to comply with 46 different state auditors and 12,000 different jurisdictions, that's a huge burden for these small businesses to have to file every month in 46 states and it's going to discourage people from going online to create their own store. >> what about south dakota's claim? do they have a case >> south dakota designed a brand-new law to be a challenge to the decades of precedent

>> the delivery service that the post office has is actually up 11% so there is growth there. and also the u.s office has a partnership with amazon and a mutual agreement where packages can be delivered on sunday. i digress with our fact check. how is amazon doing? amazon shares are back higher right now. but that wasn't the case earlier today. we did see amazon shares up 2%. then you saw the president, you know, unleash that tweet, we saw amazon shares fall immediately 1%. as i said now they're back higher right now. it really shows you the impact that president trump is having on amazon as he attacks amazon on twitter. >> what are traders saying about the president targeting and attacking a single company? >> the majority of the traders i've been talking to, they're saying, look, mr. president, stop tweeting. stop attacking one company. but they know deep down that president trump just isn't going to stop tweeting. so the next best thing is traders and investors saying let's not be so sensitive to what the president is tweeting. there is the reality with the president apparently having this

u.s. post office loses 1.50 o'average for package delivered by amazon amounting to millions of dollars.ut that's not true. the influx of business does help the struggling post office. he falsely accused "the washington post" lobbying for amazon tweeting they should register as lobbyists. it is a line he's used before. >> the owner of the "washington post." you know what he owns? amazon! do you know how little tax amazon pays? so he uses "the washington post" to protect amazon from taxes. >> reporter: amazon paid $957 million in u.s. taxes last year. their revenue nearly $178 billion. the "post" notes the paper operates independently of the retail giant. the president is taegs aim on another front, pushing back on a leader he previously said he wanted to get along with. >> do you respect putin. >> i do respect him? >> do you? why? >> well, i respect a lot of people. >> reporter: this weekend, 60 russian diplomats were expelled from the u.s. by the trump administration making their way home. that move aligning trump with allies after russia was accused of poisoning a former russian spy an

post" to protect amazon from taxes. >> reporter: amazon paid $95 million in u.s. taxes last year. its revenue nearly $178 billion. as for trump's claim that the post office loses billions for amazon deliveries, it is true that the online retailer qualifies for a special bulk rate because it ships millions of packages but the influx of business helps the struggling post office. >> in the meantime your department stores are going out of business because it's unfair competition. >> reporter: since the campaign, trump has accused amazon of hurting small businesses. a record-breaking 6700 stores closed in the u.s. last year alone, more than 66,000 retail jobs were lost, but amazon has added more than 245,000 jobs worldwide. amazon lost more than $30 billion in stock value after reports surfaced trump was considering taking on the company. it bounced back but all eyes on the markets monday after the president's tweets. kenneth moton, abc news, new york. >>> coming up, former u.n. ambassador andrew young discusses race relations in america, 50 years after the assassination of martin luther king jr. you can watch "this week with george stephanopolous" at 8:00 ri

u.s. post office will lose a 1.50 on average for each package it delivers for amazon.osed this tweet, this post office scam must stop. amazon must pay real costs and taxes now. they do pay taxes. and by all accounts it's a good deal for the post office that they have this alliance with amazon. their real problem is retirement funds and all that. why is he doing this? where is this coming from? is it about bezos and "the washington post"? >> yes. i feel like if we had a free market conservative at the table they'd be pulling out chunksz of their hair. he also talked about how it's killing small businesses. that's not true. if you're talking about killing small business, you have to talk about walmart and target. you talk about all these other big box stores. there really is -- it does seem to have a lot to do with jeff bezos and if you know anything about just how massive holdings work, amazon has nothing to do with the "the washington post." there can be two separate entities. >> jeff bezos owns "the washington post" he also owns a lot of money. $120 billion or somethi

u.s. post office to rip it up. amazon doesn't collect taxes on third party sellers responsible for more than half the units sold supreme court is category a situation. if the president stops tweeting and court rules in favor of third party sellers amazon's lucrative web service's business stays strong, trophy goes to amazon you can't count out microsoft. morgan stanley points out near term results should support a path to $1 trillion cap and as a handicapper from way back i have to agree jockeys switched the company's focus from a slow-growing windows product and enterprise software to the cloud. namely their incredibly fast growing azure business. a stock i always thought could one day be neck and neck with apple if the ladder slipped up alphabet has come back into the race after a series of lost races where it was hung on guidance but today deutsche bank comes out with a piece entitled google can beat a low bar in 1x '18 by, the gist, deutch thinks the hot money is going elsewhere and odds have gotten so long you

u.s. post office.est tweet on the subject from just this morning, i am right about amazon costing the united states post office massive amounts of money for being their capital d deliver capital b boy. amazon should pay these costs plus and not have them born by the american taxpayer. the united states post office is amazon's delivery boy is literally their job to deliver items to people. it's not because they're like new on the job and low on the totem pole. it's what they do. secondly, amazon is getting a deal on shipping costs from the post office but the postal service makes money on the deal badly needed money for an agency losing billions a year for the last decade. if amazon gets their drone delivery service off the ground, then president trump could start worrying about the post office. amazon has been working on prime air since 2016 which would deliver packages to customers in 30 minutes or less, and unfortunately the postal service drone race with the russians has already begun. that's thing

u.s. post office will lose $1.50 on average for each package it delivers for amazon. that amounts to billions of dollars. while it's true that they qualify for a bulk rate, because it ships millions of packages, that influx of business helps the struggling post office. the president falsely accusing bezos of using the "washington post," which the billionaire owns, to lobbying for amazon tweeting they should register as lobbyists. it's a line he's used before. >> the owner of the "washington post," do you know what he owns? amazon! do you know how little tax amazon pays? so he uses the "washington post" to protect amazon from taxes. >> reporter: amazon paid $957 million in taxes last year. the revenue nearly $178 billion. the post notes that the paper operates independently of the retail giant. meanwhile the president is taking aim on another front pushing back on a leader he previously said he wanted to get along with. >> do you respect putin? >> i do respect putin. >> why? >> i respect a lot of people. >> reporter: this weekend, 60 russian diplomats expelled from the

u.s. post office , so part of the reason why the president became so interested in this is because severalated the president on what was going on with the post office. they've literally lost billions and billions of dollars and the issue as you've said is that postal delivery, which we deliver six days everywhere now is decreasing, so the post office got into what we call the competitive business of package delivery. now, for packages there's plenty of other companies that can compete in the package business private companies. there aren't other companies that will deliver mail, six days a week so one of the things we'll be looking at is the cost allocation and the economics to make sure that the post office isn't under pricing and subsidizing the package business to put private businesses in a bad spot. liz: so by law the u.s. postal service can't strike bulk rate deals with companies like saks fifth avenue or amazon if they lose money on it so is this about truly trying to figure that out or is it this battle between the president and the head of the washington post who happens to be the

president trump saint amazon has money to pay a fair right to the post office and the u.s. g subsidies to amazon and post offices have seen losses. we talking about a range of topics, including russia and how the u.s. will get along with russia and the u.s. will find out if we if putin is a friend or foe. presidents ofwith estonia and lithuania and also talking domestic policy and immigrants and a caravan breaking up because of mexican laws. we saw him tweet about the caravan the last couple of days. david: and a use conference to come with baltic leaders. mark crumpton is here now with first world news. mark: crime is is considering letting the president -- facing criticism for having approved a $1.3 trillion measure. an eight to kevin mccarthy says he is discussing the plan with the president over the past couple of days. congress is on a recess until next week. despite reports that scott pruitt job may be in jeopardy, the president and his chief of staff have given him a vote of confidence. the administration has been told to fighting and the administration has his back.

u.s. post office will lose $1.50 on average for each package it delivers for amazon. mounts to billions of dollars. this post office scam must stop. amazon must pay real costs and taxes now. my question to you, ali, if he wants amazon to do it, what about every other company that ships things? >> he's going after amazon as a proxy for a very different problem so let's break that down. >> then hate the game, not the player. >> well, he's hating the player and there are reasons for that and it has to do with "the washington post of the" the president loves to swing at amazon but is amazon to blame for problems at the post office and in the retail sector. let's take this one by one. on taxes, the president is likely talking about sales tax, something amazon doesn't collect from third-party sellers. when you buy on amazon, sometimes it's from amazon and sometimes it's a third-party seller. if you buy it from amazon, it does collect sales tax in 45 states where it's required to do so. third-party sellers are required to collect the sales tax themselves. the company has supp

u.s. post offices will lose $1.50 on average for each package it delivers for amazon. ing the post office amazon's delivery boy, saying it's all costing taxpayers massive amounts of money. about those claims on the post office and taxes, cnn has found amazon pays the same lower rate that the post office charges other bulk shippers, and it does collect sales tax in every state that charges it. third parties who sell goods on amazon can still avoid state sales tax, though that is reportedly changing. and the postal service actually added delivery on sunday in some cities because amazon made it financially worthwhile. so why these attacks on amazon? "vanity fair" reports that trump believes bezos is using the paper as a political weapon against him. the magazine says trump's advisers have reportedly encouraged him to cancel some of amazon's government contracts, like its multi-billion dollar cloud computing contract with the defense department. >> the best defense to speech that you don't like about yourself as a public figure is to develop a thick skin. >> reporter: a thi

u.s. post office massive amounts of money, fake news, the big caravans of people from honduras heading to our weak laws border, and his admiration and respect for china's president. >> i have great respect for president xi. but we have a problem with china. they've created a trade deficit and i really blame our representatives and frankly our proceeding presidents. nafta's been a terrible day. until we can have a wall and proper security, we're going to be guarding our border with the military. probably nobody's been tougher to russia than donald trump. but getting look with russia would be a good thing, not a bad thing. and just about everybody agrees to that. except very stupid people. amazon is going to have to pay much more money to the post office. there's no doubt about that. >> that is what is on the president's radar today. but one year and more than two months into his presidency, there are rumblings of a trade war with china. stock markets are rattled. the dow plummeting more than 700 points yesterday before ending the day down roughly 459 points. when it comes to policy, the ju

u.s. post office will lose $1.50 on average for each package it delivers for amazon.ailing "the new york times" reports the size of the company's lobbying staff has ballooned and that does not include the fake washington post which is used as a lobbyist and should so register. if the post office increased its parcel rates, amazon shipping costs would rise by $2.6 billion. this post office scam must stop. amazon must pay real costs and taxes now. >>> all right. the chicago tribune points out federal regulators have found the postal service's contracts to deliver some amazon orders has actually been profitable for the postal service. people who buy products sold by amazon pay sales tax in all states that actually have a sales tax. the tribune also says that the post office's losses are due to pension and health care costs, not its deal to deliver packages for amazon. president trump did see some support over his claims amazon is too big from across the aisle from senator bernie sanders. >> this is an issue that has got to be looked at. what we are seeing all over this c

u.s. post office to lose money. says some of it stems from trump's lifelong rivalry with billionaires who surpass him on the list of planet's richest people. besides how unusual it is for american president to attack an american company. decision to zero in on baze oes and amazon.com as target, highlighted divide. a split philosophical as it is economy. fraying of communities and shape of commerce. pulitzer prize winning author and historian jon meacham, upcoming book, battle for better angels, new chicken soup for your political souls. weigh in on how weird it is to go after american company that employs more than 500,000 american citizens. >> presidents by and large, large is key word there, don't target individual corporate entities. we've had moments with presidents dealing with strikes, indust industry-wide crises, truman and steele, kennedy and steel. and this is different. think the other element to the whole story is that the president either has confused or is willfully confusing the fact that jeff bezos ow

u.s. post office is losing money. amazon is the one thing that's keeping it afloat. there is a president creating a problem where none exists. other companies, as we said earlier, walmart, costco, starbucks, barnes & noble, put mom-and-pop businesses out of work >> that's part of the point, too, was that it appears in some respects that the president wants to put the genie back in the bottle whether it's coal or steel, or other areas of the economy, and now this transformational effect that technology is having on all of us, and will continue to have for certainly the rest of our existence and well beyond that, you can't turn back the hands of time, doc. >> no, you can't get the tooth past bake into the tube, instead of the genie, both of pretty tough to do. subdiesing a money-losing operation is something that happens all the time am track and the post office clear already i. i think farmers make a little money, but they need to make more that's why they get the subsidies for land banking, so forth. >> we go back to the overall fallout. i think you're the only amazo

amazon made a very, very good deal with the post office and last i heard the u.s. has some influence over the u.s. post office and if they want to renegotiate, they can. you can't be on them for negotiating a good deal. >> nothing to do with -- amazon if they're losing with their massive -- health and pension benefits the system actually that buried them without amazon post office would be nothing. >> well i see going down further. look at now we're down 39, 40 per share on amazon. very close to breaking below 1400. >> what point do you jump in? >> great. or do you? you jump in there, james? >> i don't i don't know about t. i wish the government would just stop helping them how about that? don't prosecute them. you remember during the obama years the government used the antitrust division of the justice department to protect amazon from competition from apple so how about just getting out of the way. stop subsidizing through the postal service and just let them -- let the market do it. let nature take its course. i wanted to get some comment on the possible deal be

u.s. post office is subsidizing the united states government. that does not mean that you as a tax payer are supporting it itself or the post office or anyone who does business with that. that is on a side track pay to the bigger issue is with the president is doing and saying here. and the implications longer term. an issue that takes issue with no less then our judge, what do you think of this? >> deficit the president has te free speech rights as everybody else. if he is talking about the world of amazon in modern-day society, but if he is intentionally trying to harm amazon in order to enrich himself or enrich somebody else, he might potentially be liable for the financial consequences of what he says. i mean, take 16 billion away from jeff bezos. i realize that is not cash out of his pocket. you are reducing the value of his enormous holdings. self built holdings, i am a great admirer of jeff. it is an extraordinary thing for the president to say so. why does he do this? is it anger or is it a method to these attacks? i do not know. >> neil:

u.s. post office bizarre and wrong. trump tweeting this. it is reported that the u.s. the president have a point here? let's ask a guy good with numbers, associate professor at kings college, brian brenberg is back. amazon versus the postal system they think they are in a deal. >> amazon has a the deal with the post office. there is an issue here. president is talking about the tip of the iceberg when it comes to problems with the postal service. they're losing money on amazon but losing money across the board. we have to fix the bigger problem. here are the losses past 11 years. they lost money every single year. over $60 billion total. that is problem taxpayers will have to bear unless they can start getting back black. brian: we're not licking stamps. we're emailing a lot. >> we're not licking stamps. there is lot of ways to get communication from one person to the number. it doesn't have to be the through. brian: since 2007, we lost $60 billion. >> cumulatively $60 billion. the pot office had to borrow 15 billion through the treasury to find some of that. if they do