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  • President Obama blamed Congress for not acting on tax reform. CNBC's Larry Kudlow and Steve Liesman debate if Congress is really to blame. Kudlow says the president is wrong when he says the companies that invert don't pay any taxes.

  • CNBC's Steve Liesman discusses President Obama's strategy on tax inversions and discusses why he has not put more muscle behind tax reform in America.

  • Eric Sheridan, UBS analyst, discusses Amazon's much wider- than-expected second quarter loss and how investors are to gauge their value and growth.