3.8 • 950 Ratings
🗓️ 29 April 2025
⏱️ 8 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
0:09.8 | Good afternoon. Today is Tuesday, April 29th, and I'm your host, Kim Khan. Our top story so far, |
0:15.5 | companies looking to break out costs of tariffs for their customers could face the ire of the White House. |
0:20.5 | Amazon was forced to deny something it hadn't even announced after a strong rebuke from |
0:24.5 | the White House on the very idea that it would list the cost of tariffs with products, |
0:28.7 | much like many companies do with sales tax. |
0:30.9 | Here's what went down. |
0:32.0 | Punchball News said in its AM newsletter that Amazon would soon show how much Trump's tariffs |
0:37.0 | are adding to the price of each |
0:38.3 | product. Punchball cited a person familiar with the plan. Later, White House press secretary |
0:43.2 | Caroline Levitt told reporters at a briefing that she had discussed Amazon with Trump. This is a hostile |
0:49.0 | and political act by Amazon. Why didn't Amazon do this when the Biden administration hiked |
0:53.7 | inflation to the highest |
0:54.9 | level in 40 years, she said? She added the move was, quote, not a surprise, unquote, and cited a |
1:01.0 | Reuters story from December 2021 that said Amazon had partnered with a Chinese propaganda arm. |
1:07.0 | Following the briefing, Amazon went all mission impossible and disavowed all knowledge. |
1:11.6 | As always, should you or any of your IM force be caught or killed, the secretary will disavow any knowledge of your actions. |
1:19.1 | This tape will self-destruct in five seconds. |
1:21.6 | The team that runs our ultra-low-cost Amazon Hall Store has considered listing import charges on certain products. This was never a consideration |
1:29.2 | for the main Amazon site, and nothing has been implemented on any Amazon properties, the company |
1:34.1 | said. Now, CNN reports that President Donald Trump called Amazon founder Jeff Bezos to complain |
1:39.6 | about the Punchable News report, arguing that a multi-billion dollar company shouldn't be passing |
... |
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