jeff bezos not having it either. "either straight-ahead or a deep misunderstanding of market dynamics, 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

bezos is right, this defies basic economics but in terms of jeff bezos virtual signaling about the biden administration talking nonsense, give me a break. you know, this is just as much his fault as it is theirs. cheryl: the wall street journal editorial board took it a step further and they say the president doesn't appear to know anything about how the private economy works and they say that this tweet portrayed a willful ignorance about the economy. >> they're absolutely right. the white house doesn't understand the fact that supply and demand remain undefeated and instead of making this country a leader and energy exporter, energy independent, they would rather have us depend on foreign powers for our energy and would rather say go buy a tesla rather than complain about prices at the pump. they don't understand economics, they don't understand the pain at the pump that everyday americans are feeling and michael is right when they can't blame republicans, they blame russia. when they can't blame republicans or russia they blame private industry and blame is what you do when you don't

something even jeff bezos says doesn't quite add up. mark 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 a

. >>> 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

jeff bezos is powerful, the president is not powerful. we are in error like when jay gould was telling grant he's got to buy more gold. your member? >> you think this generation of entrepreneurs who build empires in this country can be purveyors of confidence, or do they also benefit from 20 years, 30 years of cheap money? >> i think they are conveyors of confidence. >> that means a great deal. >> not as much is every hedge fund manager out there there. everybody finds himself saying, what do i do? >> you make your point. i jumped in. >> i'm just saying that there are business leaders that actually have confidence in. 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

. >> 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

. >> and jeff bezos accusing misdirection or ignorance when it comes to inflation. charles payne weighs in. >> sandra: "america reports" with new details from the police just out in the last few minutes on the suspect arrested in the disturbing and deadly shooting that rocked a small north shore chicago suburb celebrating the 4th of july. i'm sandra smith. >> police say robert crimo, iii, attacked his parade route, and he dressed in women's clothing to escape after the shooting. >> sandra: the gunman firing more than 70 rounds with adults and children running for their lives, when they realized what they were hearing was not fireworks. >> we will be joined with more in a moment. >> sandra: grady is live in highland park, illinois, and vigils announced as well by the mayor of the small town. what's the latest, grady? >> shocking developments from the press conference just a few moments ago. i want to go kind of line by line, officials said it started several weeks ago when the suspected gunman started planning his attack. they say this was preplanned. he was intendin

it sparked this response from jeff bezos. it says, inflation 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 frustratio

m's on ceo jeff bezos clapping back with this. it's either misdirection or a deep understanding of basic market dynamics and it does not end there. more on the back and forth. >> the white house is not only back and says it is engaging in a where the 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 man

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

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

jeff bezos responded ouch. inflation is too important a problem for the white house to keep making statements like this. it's straight-ahead misunderstanding or a deep minuting of market dynamics. bezos is right. the president not really 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

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

that's what jeff bezos pointed out. "inflation is far too much of a problem for the light has to keep making statements like this. it's either straight-ahead misdirection 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, poli

>> as you know, we disagree with jeff bezos. we call 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 wa

jeff hoover -- jeff bezos had this retort. haidi: 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

lauren: jeff bezos has become vocal. helicopters never been political charlie: the guys in charge of the firms and the women, are not going to say anything or go public with this , but they are signaling to their lobbyists, to others, that this administration just doesn't know what it's doing economically, and i think what you can assert is what jeff bezos said publicly over the weekend about biden not understanding the basic economic s of how people run gas stations, that refiners don't run the gas stations, it's not price gouging, these are mostly 60% of them mom and pops or people own chains of stores. that this is not a price gouging situation, this is someone, people, average people react, run these things reacting to the market. bezos critique is saying publicly, i guarantee and he may get mad at me for saying this , larry fink at blackrock, jamie dimon over at jpmorgan, james go rman at morgan stanley, i can go down the list, jane frazier at citigroup, they are all saying privately, i know this for a fact, that th

jeff bezos is slamming the president and one oil group is also responding by trolling biden on-line. we've got all of that for you. growing questions tonight over why a gunman opened fire at a july 4th parade in illinois killing at least seven people. we're tracking the latest details. and to the hunter biden scandal taking another wild turn when a new report reveals about the contacts found on hunter's laptop. three texas counties taking aggressive measure to curb biden's open border policy. we have that and much more. i'm jackie deangelis in for elizabeth macdonald. the"the evening edit" starts rit now. jackie: good evening, welcome, everybody. stocks staging a huge comeback as fears about a possible recession loom over the markets. the business world blasting the white house response to inplaying and ongoing pain at the pump as president biden accusing gas station as i cross the country of price gouging. edward lawrence with us at the white house with more. edward? reporter: jackie, some big long-term supporters of president joe biden starting to distance him themselves from his p

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

. >>> amazon founder jeff bezos speaking out over inflation. accusing 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

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

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

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 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

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

cream 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

bezos, elon musk, bill gates, and mark zuckerberg. the pops are pricey themselves, $10 each, and were sold from an ice cream truck in brooklyn. musk, the richest man in the world, was reportedly the most popular. the pops were also available in los angeles. mona, the early reviews are in, and apparently this ice cream is rich in flavor. >> oh, okay. i like that. eat the rich. 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 $4

jonathan: i promised the jeff bezos's to the president. inflation 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

we worked on an honest job and we generated so much, well for jeff bezos. but then wealth didn't, none of that will trickle down, so's amazon tote as their work is do, receive competitive salaries and peg. 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 cas say they are determined to organize and confident it will happen. i believe peter hagler, we are going to do the leaves near to happen and that we will be ignored. let 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, they will 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 wan

. >> as you know we completely disagree with jeff bezos. we will continue to call on everyone along that distribution chain as i just mentioned from oil companies to refineries to distributors to a retailers to pass their lower costs through to consumers. >> joining me now is charlie gasparino from foxbusiness. it's great to see you tonight. i will repeat jeff bezos question. i was reading a little bit. is this purposeful misdirection or just a complete financial illiteracy of basic market dynamics? >> well, it's always involved, but this is a particularly economically, i want to say illiterate but a president that lacks literacy when it comes to the economy. it's not just on this one. this is obvious. most of the gas station owners are small business people that operate on thin margins. the minute that the price on the futures markets go down it is not reflected in what they have already paid for the stuff that you are pumping in the tanks. they are not trying to rip people off. mom & pop are not trying to rip people off. the other basic s

what i said. >> trevor: if you said jeff bezos rock elevator i would have gotten it, you didn't have to 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

even billionaire jeff bezos called out the white house saying, quote, inflation is far too important of a problem for the white house to keep making statements like this. it's either straight-ahead misdirection or a deep misunderstanding of basic market dynamics, closed quote. i agree with mr. 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

come on, amazon founder jeff bezos called him out and tweeted out, inflation is far too important a problem for the white house to keep making statements like this, it's either straightahead misdirection or deep misunderstanding basic market demand. today, three this year as we don't believe we are in a recession but economists are raising for the worse. on the folks in charge in lala land? he with me and studio cofounder of max fund.com and fox news contributor jonas max ferris, let's go to bezos, we usually 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 hu

you might get a question from come up in this case, a warren buffett or a jeff bezos. sonali: 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

that's earned the white house and president biden some criticism, including from amazon ceo jeff bezos, who says that, quote, it's either straight ahead misdirection or a deep misunderstanding of basic market dynamics. listen, the white house hasn't actually offered any evidence for this idea that gas station companies are somehow misleading customers with the prices they're giving or holding back some of the savings they're getting as the price of oil comes down. in fact, it's very complicated market dynamics that are more likely to blame with volatile markets forcing these gas station companies to make difficult can choices. usually those gas station companies are not the ones reaping record high profits. that usually goes to the oil companies and refiners themselves. but the white house is sticking by its comments here. the white house press secretary firing back at jeff bezos, talking about the fact that the price of oil has come down $15 per barrel over the last month, saying this is a market that is failing the american people. ultimately, what's very clear here is that president

jeff bezos is right, this is an inflationary problem, not a gas problem. when 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

i assume, helima, you agree with jeff bezos, but i do wonder what you think the president is after here and what 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

of market i do ma'am economics which is it. >> as you know we completely disagree with jeff bezos. >> i also had a chance to ask her how it is that the president went from blaming high gas prices on putin to big oil and now to small businesses and she doubled down officials think all gas stations of all sizes can lower prices right away. mike? >> mike: peter doocy live on the north lawn, peter, thanks very much. stocks were mix today. the dow lost 12 #. the s&p 500 added 6, nasdaq gained 194. atlanta area grand jury investigating president trump's attempts to overturn the 2020 election in georgia has subpoenaed six key trump allies. the biggest names the fulton county grand jury wants to talk to are mr. trump's family roomer attorney rudy giuliani, south carolina senator lindsey graham and election turner john eastman. all six of those subpoenaed are ordered to appear on july 12th. it's been a day 00 particular few days for millions of americans traveling to and from their holiday destinations as airlines struggle to keep up with near pre-pandemic demand thanks in part to bad weather

jeff bezos wants to dismantle historic bridges, joe. i've you try to do anything like that in recent times? next i have a raft in my pool that seats two. i cannot quite relate to this. but this is what i mean. gates at least farmland, he's growing step it's a good thing i guess. but peso such as evil. destroy a bridge so your super yacht can go by. that's a big bad reflection on the post. like that to could be owned one and 17-foot yacht you've got to know there are some things you sh not do like dismantling netherlands.bridge in the but we've got to live there joe concho parade thank you for sticking around for a doubleheader. we always appreciate see you here. have a great fourth of july. >> you juice or have a good one. doubleheader like that. brian: i am brian brenberg and for elizabeth mcdonnell. it was fun tonight per your watch and evening edit on foxbusiness. that does it for us. thank you for watching and have a great evening and a great fourth of july weekend. ♪ >> and the fox studios in new york city this is maria bartiromo

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bezos. welcome to the papers and welcome to you both. thank you for coming on and agreeing to talk us through the paperas and agreeing to talk us through the paper as you can hear by my voice, i'm losing my voice for the i'm pleased both of you are here to talk us through, lots going on, always better start with the politics with “p better start with the politics with up the daily telegraph. the headline day is gone for is to knock takes aim at trusts over —— rishi sunak takes aim at liz truss over china's influence in universities.— influence in universities. yes, this is an announcement _ influence in universities. yes, this is an announcement from - influence in universities. yes, this is an announcement from rishi i influence in universities. yes, this. is an announcement from rishi sunak that came over the weekend talking about china is the number one security threat to the uk. he's trying to talk tough on china and says that if he were made prime minister he would close down b

bezos is calling out the white house over gas prices bringing in steve for all of that for us. how are you? >> good morning, happy independence day there is a spat between the white house and bezos. over the weekend, the 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 pu

i am a little bit on the side of jeff bezos here. there is a big difference between oil prices and gasoline prices in order to turn oil into gasoline, you need to do lots of things. it is related to refinery capacity. and there are lots of supply chain issues between getting a barrel of oil out of the ground and putting gasoline into your car. so the price of gasoline is a bunchds of different factors, the one thing that we can be relatively sure about is that the margins at those actual gas stations are super, super thin. these are the most visible pricing in the economy. you see the gas price in two foot high letters everywhere you drive. gas stations all compete with each other to offer the lowest prices and to have the lowest headline prices. so if you are seeing high gas prices, it's not because the gas station operators are saying oh, we could have massive profit margins. that's just not how it works. >> a very difficult question for just the couple seconds that you have to answer it. what can the biden administration do? becau

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 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 whe

jeff bezos was one of the people coming after the white house this weekend calling this either straight ahead misdirection or saying it's a deep misunderstanding of basic market dynamics. the white house, though, is standing firm on this insisting that because of the changes in the price of a barrel of oil that those prices should be passed on to american consumers and it's not happened yet of course but ultimately, brianna, this is really about the white house trying to show americans that they are doing whatever they can to bring those prices down even as they don't have much control over those gas prices and the president wants to show at least that he's focused and that he understands americans' concerns as they hit the roads this summer. >> maybe also showing that there just isn't much that he can do. jeremy diamond live at the white house, thank you. >>> let's dig deeper with the anchor of "early start" christine romans. christine, it's like there's a bad smell in the room and the president is just pointing to the dog. >> look, this is a real problem for the white house because pe

well, most people now who are looking at this feel that i'm referring to elon musk and jeff bezos as the space pirates. well sure their latecomers, but the early space pirates i think are very much. they're starting companies. they're being successful. they were doing this in the 80s and 90s, but the technologies had an advanced yet the markets the money all the things you need along with the policies, which i did help drive those those space pirates. i think were merging the lines now in a lot of ways between traditionalists and sometimes they like to call themselves new space. i don't like to call new space because then you have old days and no one wants to be old space. so we really have i think in front of us. a future that nearly everyone knows requires it. all right, so, all right, you mentioned this earlier. let's talk about commercial crew program. want that was i mean, this is a controversial at the time even considered maybe radical program that started with trusting the private sector. okay, you can fly cargo supplies to the international space station, but nasa was going