BUZZ-Amazon: Drops after Trump tweets fresh attack

By Kitco News / April 02, 2018 / www.kitco.com / Article Link

** Amazon's shares down ~3 pct, falling for the 3rdstraight day after facing fresh backlash from President Trump** Trump's latest tweet : "Only fools, or worse, are saying that our money losing PostOffice makes money with Amazon. THEY LOSE A FORTUNE, and thiswill be changed. Also, our fully tax paying retailers areclosing stores all over the country...not a level playingfield!"** Trump tweeted on Thursday and again Saturday accusingAMZN of not paying enough tax, taking advantage of U.S. postalsystem and putting small retailers out of business ** Amazon's slide began on Weds., after news website Axiosreported Trump is obsessed with Amazon and wants to rein in itsgrowing power ** "A combination of a choppy market and saber rattling fromthe oval office, seemingly, has put pressure on shares ofAmazon," brokerage D.A Davidson says** AMZN has now tumbled ~6 pct in past three sessions,shedding roughly $44 bln in market value (Reporting by Amy Caren Daniel in Bengaluru)

Amy.CarenDaniel.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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