By Tyler Durden
Bloomberg may have launched today’s last hour marketwide buying panic, when it reported that there have been no ongoing talks in the White House about action on Amazon, and it may be Bloomberg that now sinks futures, because in a report that at least partially refutes what it said earlier, according to Bloomberg, tonight President Trump will have dinner with Oracle co-CEO, Safra Catz, whose company is competing with Amazon.com Inc. for a multibillion-dollar Pentagon contract.
Joining them will be Trump supporter and venture capitalist, Peter Thiel, according to Bloomberg’s sources.
Oracle Corp. co-chief executive Safra Catz
While Trump has aggressively attacked Amazon in both tweets and before the press since March 29, sending its market value by as much as $55 billion before Tuesday’s last hour ramp, he has not mentioned the competition to provide cloud computing services to the Defense Department.
That is now changing.
The Pentagon intends to award a single company the multi-year contract, plans that have drawn criticism from lawmakers as well as Amazon competitors including Microsoft Corp., International Business Machines Corp. and industry groups that include Oracle. They’re worried the move will favor Amazon, which is dominant in the cloud services market.
After tonight’s dinner, and …read more