Amazon shares shed more than $31 billion of value following an Axios report this morning that President Trump has been talking about going after Amazon on taxes or anti-trust grounds.
What they're saying: White House Press Secretary Sarah Sanders told reporters today that Trump is "always looking to create a level playing field for all businesses and this is no different."
Be smart: Amazon isn't alone in the pain, as Axios' Dan Primack notes the "so-called FANG stocks have had a terrible week, losing a combined $168.6 billion in market value over the past five trading days."
Go deeper: The W.S.J. notes that Amazon and fellow tech stocks are running into the collision of political and economic forces.
P.S... Tim Cook swipes at Amazon: Finding a location for Apple's new offices won't be a "beauty contest,” the Apple CEO told Recode. "That's not Apple." More.
Indian Hindu devotees are sprinkled with water as they pull a chariot decorated with flowers and statues of Hindu god Kapaleeswar during a chariot festival in Chennai. Photo: Arun Sankar/AFP/Getty Images
John Legend has the lead role in a live NBC version of "Jesus Christ Superstar," the iconic rock opera, the AP reports.