Halister News

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News.

• Pending Homes 1% m/m; range 0% to 2.1% (27 estimates)
• Pending Homes 0.5% y/y; range 0% to 0.5% (3 estimates)
• • In April, pending home sales dropped for the third time since the start of the year
  • "Prior weakness in contract signings is weighing on the pace of resales in the current quarter, but will likely reverse in the second half of the year": Bloomberg Intelligence

(Bloomberg) -- President Trump tweets attacks toward the Washington Post for being a "guardian of Amazon" and protecting the company from paying Internet taxes.

• Trump: "The #AmazonWashingtonPost, sometimes referred to as the guardian of Amazon not paying internet taxes (which they should) is FAKE NEWS!"
  • NOTE: Amazon CEO Jeff Bezos purchased Washington Post in August 2013 for $250m; the company is separate from Amazon, in which Bezos owns 16.72% of shares, according to the latest Bloomberg data
• Trump previously tweeted accusations at Bezos for using the Washington Post "for purposes of keeping taxes down at his no profit company" Amazon
  • "The @washingtonpost loses money (a deduction) and gives owner @JeffBezos power to screw public on low taxation of @Amazon! Big tax shelter"

To contact the reporter on this story: Emily McCormick in Washington at emccormick14@bloomberg.net To contact the editors responsible for this story: Derek Wallbank at dwallbank@bloomberg.net Joi Preciphs

--BRIAN SWINT

--PAUL GORDON