Money Goldman Sachs was 'freaked out' by a rumour that Trump would personally kill the Amazon/Whole Foods deal because of Jeff Bezos

19:55  14 february  2018
19:55  14 february  2018 Source:   Business Insider Australia

Market Tumble Wipes Out Almost $100 Billion From World's Richest

  Market Tumble Wipes Out Almost $100 Billion From World's Richest Swooning markets Thursday cost the world’s 500 richest people $93 billion in net worth, and 20 of them lost at least $1 billion each. Jeff Bezos, the world’s richest person, saw his fortune drop by $5.3 billion to $113.2 billion, according to the Bloomberg Billionaires Index, as his Amazon.com Inc. tumbled 4.7 percent on the day. Berkshire Hathaway Inc. Chairman Warren Buffett ’s wealth dropped $3.5 billion and Facebook Inc.’s Mark Zuckerberg lost $3.4 billion.Elon Musk came back to Earth, dropping $1.1 billion in net worth after his Space Exploration Technologies Corp. successfully launched a Tesla Inc.

Goldman Sachs ’ Gregg Lemkau says that there was a rumor that President Trump might try to personally intervene to block Amazon ’s .7 billion purchase of Whole Foods . The move would have been motivated by animosity between Trump and Amazon CEO Jeff Bezos , said Lemkau.

Goldman Sachs ’ Gregg Lemkau said that the firm was worried by a rumour that President Trump would personally intervene to block Amazon ’s $US13.7 billion purchase of Whole Foods , right before the deal closed – in a move that could have been driven by animosity for Amazon CEO Jeff Bezos

Donald J. Trump et al. sitting at a table in front of a window© Provided by Business Insider Inc

Goldman Sachs' Gregg Lemkau said that the firm was worried by a rumour that President Trump would personally intervene to block Amazon's $US13.7 billion purchase of Whole Foods, right before the deal closed - in a move that could have been driven by animosity for Amazon CEO Jeff Bezos, he said.

"For four days we were freaked out," Lemkau said, speaking on stage at the Goldman Sachs Tech and Internet Conference in San Francisco on Tuesday. Lemkau serves as co-head of investment banking at Goldman Sachs, which assisted Amazon with its purchase of the grocery chain last summer.

Evidence Of A Bursting Bitcoin Bubble Is Piling Up

  Evidence Of A Bursting Bitcoin Bubble Is Piling Up Goldman Sachs sees bitcoin red flags everywhere.The 40 percent sell-off in bitcoin and other cryptocurrencies to start the year has once again sparked concerns among investors that a bubble in cryptocurrency prices may be bursting. Unfortunately for investors, Goldman Sachs analysts now say they see plenty of evidence that the cryptocurrency market is experiencing a textbook financial market bubble.

Goldman Sachs ’ Gregg Lemkau says that there was a rumor that President Trump might try to personally intervene to block Amazon ’s .7 billion purchase of Whole Foods . The move would have been motivated by animosity between Trump and Amazon CEO Jeff Bezos , said Lemkau.

Amazon CEO Jeff Bezos , left, listens carefully to President Donald Trump , right. Drew Angerer/Getty Images. Goldman Sachs ' Gregg Lemkau says that there was a rumor that President Trump might try to personally intervene to block Amazon 's .7 billion purchase of Whole Foods .

Lemkau said that President Trump's well-publcized spats with Bezos made people think that the deal might not get federal approval. The rumour was that Trump would try to use anti-trust policy to prevent the purchase from going through.

He compared it to what's happening with another mega-merger, currently in the works: Trump is said to be the driving force behind an ongoing lawsuit from the Department of Justice, which aims to prevent a merger between AT&T and Time Warner. Time Warner owns CNN, a news vertical that Trump has publicly feuded with on several occasions.

The White House and Amazon did not immediately respond to request for comment from Business Insider.

Jeff Horn dismissed as a 'nice welcoming party' for Terence Crawford as deal nears completion .
One of Jeff Horn's key divisional rivals, Keith Thurman, has given an insight into how lowly the Australian is rated on American soil.Horn's date with Crawford (32-0, 23 KOs) at Madison Square Garden on April 14 inches closer to official confirmation by the day, although it won't be full speed ahead until the ink starts to flow from Top Rank and Duco Promotions. Most consider it a done deal and the travel packages to Madison Square Garden are already on sale.

Source: http://au.pressfrom.com/news/money/-55340-goldman-sachs-was-freaked-out-by-a-rumour-that-trump-would-personally-kill-the-amazon-whole-foods-deal-because-of-jeff-bezos/

—   Share news in the SOC. Networks
This is interesting!