Friday's economy & business stories
Amazon to start collecting sales tax in all states that have one
Amazon plans on April 1 to start collecting sales tax in Hawaii, Idaho, Maine and New Mexico, according to CNBC. Those are the last four states in which Amazon had yet to collect applicable state sales tax.
Retailers had long complained that Amazon and other online retailers maintained an unfair advantage by not adding sales tax to purchases. Many states were also unhappy ,, saying that they were missing out on $23 billion in lost revenue, as of 2012, due to online and catalog retailers not demanding sales tax.
Tax still won't be collected in Alaska, Delaware, Oregon, Montana and New Hampshire, but that's only because those states don't have a sales tax.

Stocks whipsaw after Trumpcare fail
Markets took a turn for the worse Friday afternoon after it became increasingly clear that the House would not pass healthcare legislation. Late in trading, however, markets recovered most of those losses. The Dow closed down 0.28%, while the S&P 500 ended the day falling 0.08%.
Why it matters: Some investors are concerned that the lack of Republican unity on display will imperil policy— like tax cuts and infrastructure spending—that is especially important to corporate profits.

Tech giants fight for NFL streaming rights
Amazon, Twitter, Facebook and YouTube have all submitted bids to stream Thursday night NFL games next season, Recode reports. Other companies likely also submitted bids, as groups like Yahoo and Verizon both competed for the contract last year. Here's where each company stands:
- Twitter won the coveted deal to stream 10 games last year for 10 million dollars, a drop in the bucket compared to the streaming rights major networks have to pay. But it seems the investment only somewhat paid off for Twitter. While each game last year drew an average of 3.5 million unique viewers, Twitter's revenue and monthly active user base both only increased by less than 1% during the quarter.
- Amazon reportedly outbid Twitter by $5 million last year, but they still lost the deal.
- Facebook is pushing to win the sports live streaming business, and announced a partnership to stream MLB games earlier this month.
- YouTube should be best positioned to win the deal, since it has the largest streaming audience and a pre-existing Google VR partnership with the NFL, but the company is currently going through a bit of an advertising and branding crisis that could make the NFL wary of doing business with them
Why it matters: Social and streaming companies are brokering content deals to win over TV audiences, in an attempt to eat at the $72 million U.S. TV ad market. They're going after sports deals for their live-streaming platforms because unlike most TV content, sports are still viewed live. (Per comScore, 90% of sports games are watched live, as opposed to 71% of dramas.)
FedEx offers customers $5 for the inconvenience of requiring Adobe Flash
Adobe Flash has been on the ropes since Steve Jobs went on his famous tirade 7 years ago, but that doesn't mean some sites don't still require it.
For its part, FedEx is apologizing to customers and offering $5 discount for the fact that printing labels online still requires the browser plug-in.


Trump claims credit for 2016 Charter jobs pledge
President Trump hosted Charter Communications CEO Thomas Rutledge at the White House Friday to tout the company's plan to invest $25 billion in the United States and hire 20,000 call workers over four years. The only hitch: Charter announced its intention to insource those workers back in October.
Why it matters: This isn't the first time the president has taken credit for jobs pledges that had already been announced, and there's no reason to believe that the strategy won't continue to pay off. Corporate America has been happy to engage in PR for a president as committed to reducing regulations and taxes as he.

How health care stocks could change with the Trumpcare vote
Wall Street is closely following the House vote on the American Health Care Act. Health care stocks are almost guaranteed to move in one way or the other next week, depending what happens this afternoon.
But the House vote is just the beginning. "Wall Street seems to understand that the House bill is not the final product, and some of the draconian measures that are most negative to the group almost certainly will be removed to get the bill through the Senate," Spencer Perlman and Sumesh Sood of investment research firm Veda Partners said in a research note Friday.
Here's what could happen to health care stocks in the short term.

The bank lending slowdown is bad news for U.S. economy
In a research note to clients, UBS Strategist Stephen Caprio argues that investor confidence — evidenced by high stock market valuations — may may be misplaced, given a recent slowdown in bank lending.
U.S. bank loan growth by domestic banks is falling in nearly almost category, most especially "commercial and industrial" loans. Caprio points out that this decline is not being made up by higher growth in corporate bond issuance, and is being driven mostly by a lack of demand for borrowing.
Why it matters: Companies are issuing less debt due to a mix of uncertainty regarding tax and spending policy, already high debt levels in the U.S. corporate sector, and the threat of higher interest rates. Investors are counting on stronger global growth to help U.S. companies overcome these headwinds, but they may be discounting the chances that some sort of shock — like the 2014 oil price collapse — constrains growth and triggers a stock market pullback or correction.
Marketo apologizes after video promo for its conference panned as sexist
Marketo, which specializes in helping companies promote themselves, apologized Thursday after one of its own promotions fell flat.
The ad, promoting an upcoming Marketo conference, featured a ditzy female newscaster and the company's male CEO, Steve Lucas. Marketo told Axios the ad, which was roundly criticized on Twitter, has been pulled down.
We sincerely apologize for the offense we caused with what was intended to be a light-hearted promotion for Marketing Nation Summit. The video was created to promote the conference, playing off our theme of engagement. Marketo has always had a steadfast commitment to championing diversity and empowering female leaders in technology and beyond.

Trumpcare problems could hit tax reform — and stocks
A big part of the "Trump rally" in stocks has been a consensus belief that corporate tax reform of some sort will occur in 2017. Now that belief is being severely tested.
The problem: Trump and Congressional Republicans put healthcare ahead of taxes, because doing the latter without a baseline from the former is mathematically nonsensical. Healthcare, however, is proving far more difficult to get done than the GOP expected, judging by the postponement of Thursday's planned House vote. Every day (or week) that passes without healthcare getting done is another day (or week) that tax reform has to wait, and Congress isn't actually in session all that often. The calendar is tyrannical.
The (bigger) problem: If Republicans can't agree on healthcare reform, it isn't entirely clear that taxes will be much easier. Even within the White House there is a major split over the proposed border adjustment tax, and that doesn't even address Trump's plans for a 15% corporate tax rate that could give deficit hawks a minor aneurysm. The White House calls Trump "the closer," but his struggles in the ninth on healthcare could raise new questions about his ability to deliver on tax promises. And tax reform is the air that a lot of current stock prices are floating upon.

Ford owners can now order Starbucks through Amazon's Alexa
At its annual shareholders meeting in Seattle Wednesday, Starbucks announced that Ford vehicles, equipped with the lastest Sync3 infotainment technology, will be able to order and pay for their coffee by connecting to Amazon's Alexa voice assistant, per GeekWire.
In January, Starbucks announced that customers could start making their orders by saying, "Alexa, order my Starbucks." Ford also began rolling out its interactive relationship with Amazon in January by allowing hybrid and electric car owners to control their vehicles from inside their homes using Alexa-enabled devices.
Why it matters: It's another example of Alexa's expanding reach as Amazon tries to find new ways for consumers to engage with the digital voice assistant technology. This summer, the automaker will expand the integration by adding Alexa to its SYNC 3 in-car technology — allowing drivers to press a button to ask for driving directions, sports scores and anything else Alexa would normally do.

The TV war messing with March Madness
This year will have the most TV blackouts ever. There have already been more this year (125), than all of 2016 combined (104) and more than 1462% more than 2010 (8), per the American Television Alliance.
Data: S&P Global Market Intelligence; Chart: Andrew Witherspoon / Axios
Why this matters: The year's biggest college basketball games are being used as leverage in a fight between pay-TV providers (satellite and cable companies), and broadcast channels. The fight is over retransmission fees -- the money pay-TV providers have to pay broadcast and cable companies to distribute their content and the dispute could spread to other popular sporting events. Since 2010, broadcast and cable companies have raised retransmission rates more than 3700%, in an effort to make up for lost revenue from rising programming costs and declining ad revenues.









