adding to the fact that amazon walked away, and this is a case of amazon jumping before it was pushedy eu regulators. amazon is cutting jobs. this is a pretty big situation. we will go to brussels and speak to our reporter, and then we will go to seattle to get amazon's side of the story. amazon shares, look at the muted reaction. the other big mover to the upside is in the earnings context. sofi on track for its biggest jump since late july, august. profitability for the first time on a net income basis. this is the milestone the street was looking for. a lot going on on the technology side of sofi's business, a lot going on on the lending and financing side. who do we speak to? ceo anthony noto joins us now. that first profit with a number of companies. what were the main contributing factors to you guys hitting profitability on a net income basis, how confident can the street be that you will continue on this arc of increasing possibility -- profitability? anthony: the main thing is that we reach scale in al-anon lending businesses. we have three profitable segments. when i joined

for amazon it was different.y had to do which nobody else can do that no is their deplatform, they have trouble ads -- shoppable ads, you can convert an ad into a shopping experience. that goes into the power of amazon. sonali: thank you very much for your time. coming up next is the wall street week, my favorite topic to talk about, we talk about women in the boardroom for what is bacon finance, next -- what is big in finance, next. this is bloomberg. ♪ sonali: this is bloomberg markets, it is time for the wall street beat, look at what is buzzing in the world of banking and finance. we look at the gains women are making in america's boardroom and we are joined by bloomberg's jeff green. the numbers have gotten better over time, how are we away from any sort of parity? >> we are looking into the 20 30's, 2032 may be at the current rate. it was a little sooner during the #metoo movement, it has a slow down and we are still a records every year. it has been a dozen years since we have not set a record women in the

just very quickly. _ ethnic diversity in the amazon.re are they in relation to the pyramids or the stone age, where are they in the timeline? so stone age, where are they in the timeline? . ., , , timeline? so much indigenous in this art of the timeline? so much indigenous in this part of the amazon, _ timeline? so much indigenous in this part of the amazon, but _ timeline? so much indigenous in this part of the amazon, but two - timeline? so much indigenous in this part of the amazon, but two or- timeline? so much indigenous in this part of the amazon, but two or 3000 years ago it was two full of people, living on the platform connecting the cities with the roads, wide agricultural system, very elaborate, it's a complete surprise even for archaeologists. find it's a complete surprise even for archaeologists.— archaeologists. and when we discovered _ archaeologists. and when we discovered it, _ archaeologists. and when we discovered it, they _ archaeologists. and when we discovered it, they just - archaeologists. and when we | discovered

amazon, we haven't heard from them yet, but if you look at the amazon share price, it is up, irobot�*hares are down. ., ~ price, it is up, irobot's shares are down. . ,, ,, price, it is up, irobot's shares are down. . ,, i. price, it is up, irobot's shares are down. . ,, . in the uk, disposable vapes are set to be banned as part of plans to tackle the rising number of young people taking up vaping. the government says it'll prevent vapes being marketed to children. the charity action on smoking and health claims the number of ii to 17—year—olds vaping occasionally or regularly has doubled since 2020. but the uk vaping industry association said disposable vapes had "played a key role in helping millions of adults quit and stay off cigarettes." vaping industry expert tim phillips is managing director of tamarind intelligence, a consumer products consultancy. iam going i am going to throw another stat in there, 9% of 11—15 —year—olds now vape, as i believe, they are not old enough to smoke, so this has moved beyond, really, just helping people give up smoking, hasn't it? there is certain

you might picture the amazon as lush and green.he largest land—based carbon sink on earth, meaning it's able to absorb carbon emissions and help clean the air, but it faces a very uncertain future because of increased deforestation. it's often called the "lungs of the planet", for its ability to absorb vast amounts of carbon dioxide from the atmosphere and helping limit global temperatures but is it. carbon dioxide is the biggest source of global warming. live now to professor regina rodrigues, from florianapolis, in brazil. she is an expert in physical oceanography and climate at the federal university of santa catarina. thank you for being with us on bbc news. this is a bit of a double whammy — the increasing temperatures coinciding with an increase in drought that really poses a huge risk to the amazon.— drought that really poses a huge risk to the amazon. exactly. that's what is happening _ risk to the amazon. exactly. that's what is happening now, _ risk to the amazon. exactly. that's what is happening now, and - risk to the a

by other companies on amazon.s by with prime services. that is the division that is seeing the latest round of lay—offs altogether the tech giant has cut more than 27,000 jobs company—wide since the end of 2022, including hundreds of lay—offs of its prime video, mgm studio, switch, audible and amazon pay last week. less than 5% of the staff in prime division will be cut according to amazon. but we don't know how many that is. in amazon books person said the cuts affected a small number of roles. the spokesperson said thatis roles. the spokesperson said that is still a top priority and the company plans to keep investing significant resources investing significant resources in that division. moving now to switzerland — this week the who s who of the global economy gathered in the swiss town of davos. the theme for this years summit was "rebuilding trust" and it was seen as a time to draw a line under the pandemic. but there were certainly some interesting flash points. alex capri joins me live — he's a senior lectu

i took the breath from a native-american from the amazon. 15 tried to order her from amazon that nightch history, fbi. >> greg: all of the guys that came in for the cocaine and orgies, this is not the blow i had in mind. piers morgan, is this the answer to the climate crisis? >> here's the question for everybody: did anybody know what she actually said? >> greg: no. >> she will be known as the coughing lady who may have been spreading ebola and committing mass murderer. nobody has any idea why she was. it may have seemed a good idea at the time. it's pointless. it made a mockery of this poor woman where back in the amazon rain forest that's a tribal ritual and is taken seriously. instead she on comedy shows from here to london and that's ridiculous. >> greg: maybe we should send a gender studies lady to the amazon. doesn't that remind you of ruth buzzy? >> it looked like something in gilligan's island. it's like my wife at the drive in. it's silly and fun watching these people uncomfortable pretend they are not. nobody wants their head held and the red stuff. that's awful. you have see

but it's not valid not only for goods sold by amazon, by goods sold by other companies on amazon.me services and that's the division seeing the latest round of lay—offs. all together, the tech giant has cut 27,000 jobs country wide, including hundreds of lay—offs including hundreds of lay—offs in its prime video, mgm studios, twitch, audible and amazon pay divisions. we don't know how many staff that is. the amazon spokesperson said the cuts affected a small number of roles. as for buy with prime, the spokesperson said that still is a top priority. and that the company plans to keep investing significant resources in that division. now, to switzerland, because this week the who's who of the global economy gathered in the swiss town of davos. the teem for this year's —— theme for this year's summit was rebuilding trust. it was seen as a time to draw a line under the pandemic but certainly some interesting flash points. we have a senior lecturer at the national university of singapore business school and he says tensions between the us and china have been on display. i think with li

as a result, amazon is going to have to pay $91i as a result, amazon is going to have to pay ”a million irobot, but it is very difficult for irobot, because now it faces the future as a stand—alone company, the ceo, who also founded the company more than 30 years ago, has said he is stepping down and that they will have to make significant cost savings, and that includes laying off about a third of the workforce.— includes laying off about a third of the workforce. ,, . ~' ~ ., ., the workforce. sticking with amazon, another push — the workforce. sticking with amazon, another push to _ the workforce. sticking with amazon, another push to get _ the workforce. sticking with amazon, another push to get them _ the workforce. sticking with amazon, another push to get them to - the workforce. sticking with amazon, another push to get them to reveal. another push to get them to reveal who is accessing their data centres to train ai models.— to train ai models. yes, this is the latest phase _ to train ai models. yes, this is the latest phase in _ to train ai models. yes, this is the latest phas

amazon is also about the advertisers, and the many businesses that use amazon web services. that is right, it is part consumer, but part big enterprise. amazon web services helps enterprises that want to be in the cloud. almost every use of cloud, except for backup for your photos. cooper's use of cloud all the time. to better serve you. meta platforms, again, you are probably thinking, hey, wait a second, you are the client. and that is true if you are buying a vr headset, but it is not sure if you are using instagram or facebook. and that case, you are the product. the clients are advertisers trying to reach an assault on a truce of white. that is exactly how i would like to reach people because it is so targeted to almost guarantee a good return. but apple? consumer. it is very little enterprise exposure, which means it can be political to the same weakness as tesla. that is why people are so fearful of a huge guy count -- guide down [inaudible] for the next quarter, not this one, when apple reports. i am worried that the bears will get a hold of the police interested her

amazon and there is also the health of the consumer the amazon may give us a snapshot into. stuart: the super bowl is the kansas city chiefs versus the san francisco 49ers. will you watch all the way through if there are a lot of cutaways to taylor swift. >> i love taylor swift, i'm not quite to say anything negative about her. every time travis kelce bends down to tie his shoe, they don't need to pan to taylor's dramatic expressions. i think she is phenomenal but i want to watch football, i want to hear about football and they could show her once or twice but to make her the focal point is going to make this very hard to watch. stuart: the main point for television is to give the audience what it wants. if the audience wants taylor swift, give it to them in the ratings will go up and you make more money, do you have anything to say. >> here's my objection to taylor swift in these games, when they cut to her is after travis kelce has caught the ball. travis kelce is paid to catch the ball, he is a tight end stop being shocked. >> do we know she's going to the super bowl she

amazon said the findings were incorrect, and that amazon recorded not only the time the workers were too slow. amazon said the findings were incorrect, and that surveillance was necessary — adding it �*reserved the right to appeal.�* the english sparkling wine maker, chapel down, has reported a 14% rise in sales last year to £15m. the company which is the uk's biggest sparkling wine maker, benefited from a shift in the market towards english fizz, with the category increasing retail sales by 16% — whilst champagne sales were down 9%. sales of all chapel down products in pubs and restaurants rose by 26% as the brand extended to new outlets, while exports were up 67%. apple has paid a fine worth 1.3 billion roubles — or $13.6 million — to russia over claims its abused its position in the mobile app market. russia's federal anti—monopoly service said the company had banned apps from informing customers about the option to make purchases outside its official app store. moscow has issued dozens of fines against western tech companies since it sent troops into ukraine. stay with us, more c

and today you have bought even more amazon, why? >> yes, i like it. i like it a lot. it's traded over 20 times ebitda aws should see a re-acceleration to something like 15, 16%, maybe even higher in the second half of the year. we'll have to see. retail margins are on the rise and i think there's more they can do as their costs come down and i think the consumer is on fire look at retail sales last week 9.4% was online. they're continuing to see momentum and ad revenues were really weak last year. i think that will pick up for the whole sector, the whole faang complex, of course i think that it's underappreciated amazon. the valuation sort of makes sense to me. >> kari, you own it. reports next week. it was named a top pick by morgan stanley today people have been getting in line reiterating their love for it. >> i think among the magnificent seven, it might be the most attractive we own it, we're overweight it the cloud business, we'll hear about amazon, microsoft, google, and i think the numbers are going to be better they had a t

amazon is seen layoffs again.rom its prime video and studios unit continuing a trend that began in late 2022. twitch seeing hundreds of jobs on the line. matt day joins us now. are we to be surprised by this? that we are curtailing the area of production in particular? matt: i don't think so. especially around entertainment, there is a ton of pain now in streaming with folks reassessing how many bodies they will need for the demand for the town of three mobile -- streamable content out there. the amazon studio boss mentioned they might discontinue some things over the course of the layoffs but did not specify what those were. but the latest in what looks like cuts all over the place at amazon. they petered out. it's not tens of thousands of people like it was a year ago, but it seems ongoing. caroline: its ongoing across production elsewhere. we have seen a job cuts at disney, people curtail on their spending. netflix held spending steady in terms of new content production. it comes at the same time that amazon se

we've talked about less for amazon.y breaking overnight, the watchdog is looking at amazon it's a system put in place over employee surveillance monitoring the work activities and work performance of those employees. a $34 million fine. we seemingly paired those losses for the trading. another story in the context. teemu is known as a destination for younger consumers. the chinese e-commerce app is attracting hordes of bloomberg and gen x shoppers, let's bring in bloomberg's bloomberg in chief, spencer. this is surprising when i hear about this from all kinds of people we suggest a younger audience. what does that tell you? spencer: that was a surprise for us, especially mobile e-commerce platforms attracting other shoppers glued to their phones. the most loyal shoppers in that category 59 and older. that monitors credit card transactions. when you feel it back you do see there are a lot of gaming aspects on the app. you almost feel like you walked into a las vegas casino. it does make sense older shoppers are drawn to

whereas something like an adobe no something like an amazon no. so the case is do you favor those that have made it through or do you double back and find a laggard and play it? >> i think that's the better player that would be like a meta and we shall see about amazon. >> crazy to think that meta is a laggard given just its performance this year. >> the stock was death and, you know, a lot has changed, but what has really changed, right i realize the metaverse was thrown out the window and we stopped talking about it. >> that's what alphabet can do outline more year of efficiency. that's the one company that hasn't embraced that narrative as much. >> also some of the biggest risks when it comes to gen ai. people thought it was a company spending billions on machine learning, on generative ai and the lead up to that chatgpt launch and everything like that and when they went out and launched bard it was a disaster. this is a year ago think how they ended last year with a disappointing gemini. evolution of bard and meant to compete with openai. they

sales, amazon's 40% of that business.nd because they are -- if we move over christmas we had 25% of retail coming online. if you take that and take amazon's part, that's a $300 billion opportunity that they have. we think they're going to do well through this. we think apple has slowing growth. apple doesn't grow much faster than procter & gamble right now. so if you take the magnificent seven, still love apple but overweight it and overweight the amazons. we think nvidia still has room to run. but again, the world is going to have to catch up. chips are going to have to catch up with this massive data part of ai and going into everything. so we do believe that we're going to continue to see a broadening rally and then the magnificent seven, those that have room to continue to grow are going to continue to do well throughout. >> that's dryden pence, thank you sir. we'll see you soon. >> thank you. appreciate it, dom. >>> coming up on the show, without the biggest six tech stocks, the s&p 500 earnings are negative year ove

why does amazon want to option this too? spencer: amazon is playing a little bit of catch-up. key thing is that amazon does not have a smartphone so it comes in in a weak position. people are using prime video and they want to scream -- dream on another device they will have to do that through an android phone or ios device. and so amazon has that capacity to have the apps and functions operate that way on devices. so right now you will be able to stream prime video from ios or android devices onto an echo show or still be able to do it on a fire tv. what they are realizing is that devices need to be able to talk to one another and stream from one device or your phone where you get the signal onto another device you want to watch it. caroline: it is called matter casting. all we know -- already we know that some of these companies have been trying to agree on which the ways we can do this technology. what is so hard about it? how hard did amazon have to work? spencer: we know they had to negotiate with apple and google. and those things can be tense because it is hard to find

amazon began cutting back in 2022.f all, the layoffs affected the technical department, which develops the company’s own devices, as well as the sales personnel departments. global sales of electric vehicles in 2023 increased by a third, with more than 13 million sold. in december, they reached a monthly record of one and a half million units. in the usa and canada , sales of electric cars increased by half, in china by 15%, in europe by 27%. in russia, volumes sales of new electric cars increased to 15 thousand units, an increase of almost 300% year on year. let me remind you that in the fourth quarter of the twenty- third, the american company tesla for the first time lost its sales leadership to its chinese competitor. this was the economic news. in business and in a good mood, see you later, the morning broadcast on tv channels belarus 1 and belarus 24 continues with the zona x program. i am karina pashkova. hello. a resident of ivatsevichai became a defendant in a criminal case for setting fire after a failed duel

. >> the birthplace of amazon. it's modest three bedroom, two bathroom, ranch style house in bellevue, washington. that is the home that jeff bezos rented in the mid 90s to launch the company that would become amazon. okay. but the price is steep. >> look at it. $2.28 million was fun fact. >> yeah. >> sorry. what were you saying? >> i was gonna say that's the garage read. all started, right? >> that's right. many yachts later. and fun fact, amazon was originally called cadabra in reference to abracadabra, but they had to change it because apparently amazon said that a lot of people on the phone kept hearing cadaver o instead of cadaver. >> i still remember when amazon sold books only. yes, books, right a to z. >> that's where the logo comes from. the arrow, the z that might have been before you were born. >> not sure it was. no. yes. no next to the setting of a new world record by a 90 year old emma maria masinga ran the 200 meter distance in italy in just under 54.5 seconds, beating the previous record in her age

that's amazon. by the way, amazon, how much is it down today? these guys -- someone's going to break ground and downgrade amazon, and they will be wrong, but they will downgrade amazon. if i'm going to have to pay $3 not to have commercials, bring it on. i'll pay $3. >> amazon, back to the 50-day for the first time since, say, november, early november. >> this is andy jassy's chance to be able to line up with lilly and get that health care system going where you get a big break with prime. this is his chance. and i'm not sure andy's watching. he's a tremendous guy. but if you want to get back into this game -- well, he's in the game. amazon is the way that you might want to get the lilly drugs. >> there has been some work this week done on what ads may do on prime to revenue. it may be as much as $5 billion a year. and then there's the piece in jpm this morning on netflix, arguing that paid share is a dynamic that's going to last several quarters. >> well, it turned out they were brilliant again. i mean, netflix, you know, remember when reed has

andes, the amazon reverse or the coastal| the amazon reverse or the coastal force _ the amazon reverse ecuador, peru _ the amazon reverse or the coastal force of ecuador, peru and - the amazon reverse or the coastal. force of ecuador, peru and countries like that, _ force of ecuador, peru and countries like that, as — force of ecuador, peru and countries like that, as you _ force of ecuador, peru and countries like that, as you said, _ force of ecuador, peru and countries like that, as you said, the _ force of ecuador, peru and countries like that, as you said, the blue has. like that, as you said, the blue has plumage _ like that, as you said, the blue has plumage and — like that, as you said, the blue has plumage and the _ like that, as you said, the blue has plumage and the female _ like that, as you said, the blue has plumage and the female has - plumage and the female has green plumage — plumage and the female has green plumage so— plumage and the female has green plumage so is— plumage and the female has green plumage. so is kind _ plumage and the female has green plumage. so is

this week and amazon cut hundreds of employees from prime video and mgm. this after spending more than $8 billion to buy mgm in the first place. um and we also saw that amazon cut 35% of its staff from twitch which is a streaming service. it's used by a lot of gamers, but also other it's a competitor to youtube, and that was a significant cut. you know, amazon on, um, you know, for a long time was was financially boosted by its cloud division, amazon web services and these other things were essentially nice add ons to have, particularly its content like prime and mgm. um, you know, what they're selling with those prime memberships is fast shipping and, you know, having content is essentially a nice add on. it's an incentive. it's similar to how, you know, netflix is raising prices, but it also has made a decision to cut down the amount of content that it puts out, the amount of new content. um, i think that what all of these tech companies are doing is saying, you know, a lot of the financial decisions that we made in good times, when interest rates were l

amazon why are you bullish with amazon going forward? are you worried about the valuation? >> no, not really. valuation for amazon is at the le lowest level for pe basis for decades. this is the stock that has always traded on its sales nothing to do with earnings. the earnings this quarter are going to be up over 2,000% that number doesn't matter, but 79% versus pennies last year and we see that as a result of ecommerce picking up they continue to dominate. that business has been pretty good if you look at the ecommerce spending the last several months the cloud business that was fairly weak last year considering the growth had come down is picking up costs continue to streamline >> your pick is amazon sorry to cut you off we have to go. enjoy the weekend. thank you for being here we have "swoquawk box" coming up next enjoy your weekend old school hard work meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit.

that includes microsoft, apple, meta, amazon and alphabet. watching the data with the look at home prices and adp employment figures ahead of the jobs reports on friday. you get the latest policy decision on wednesday with jay powell speaking after the decision. let's see how the trading day is shaping up. we have been talking about the dow off the pressure. it would open up 30 points lower. the s&p is higher. the nasdaq is moving higher this morning. for more, let's bring in greg branch at veritas financial group. greg, good morning. >> good morning. >> we talked about the movement in the futures. i want a sense of how you see today shaping up. what is the "wex" word of the day? >> my word is reconciliation. i think wednesday will start a process or domino chain of reconciliation. i don't think we will see a lot of movement or any catalyst between now and then. i think this is what everyone is waiting for. there are a number of things we have to reconcile. we have to reconcile in the face of what has to be viewed as disappointing earnings so

i think amazon has this incredible advantage.tics advantage and your ability to go on to amazon increasingly and be able to get something shipped to you same day, same night overnight? none of those other competitors can do anything like that. anyway, i think the moats around amazon are pretty big. the reason i like the stock even though it had really nice outperformance last year is because of aws. i think the cloud business is what's going to accelerate. look, if it doesn't accelerate, this stock doesn't work. but i think it will accelerate, these gen-a.i. workloads are going to start powering growth at aws. that's why i like the business. they've shown a heck of a lot of leverage or profits out of their retail business. i think you're going to have the record margins in their retail business and record free cash flow margins as well. lauren: mark, you're right. i was with at one of their innovation centers in boston, and it's basically an a.i. center. it is robot afro bot, experiment after experiment. it's doing these things y

we are from microsoft and amazon alphabet. is their capacity that they could step up to the bar and make a substantial difference? chris: we see these companies already making a difference. google has a chip which has been producing for some time. many of its own ai models are already trained on this chip. amazon and microsoft are somewhat less developed but still have their own chips that you can use in data centers. openai is considering building out its own network of chip factories. ai requires tons of computing power which means tons of investment numbers. right now there are a couple of companies. nvidia the most important that can reduce these advanced chips for ai. it's not a surprise whether you're microsoft or amazon or google you want more sources of supply for these ultra critical chips. david: what's the gaining factor? what's keeping others from doing it? is it intellectual property, know-how, what keeps them from this? chris: in videos core advantage is its ecosystem. most of the advanced ai systems have been de

>> yes, but i think amazon's really your best buy.segment i think shirts this year. i think they hit -- accelerates this year. i think they hit record high free cash flow margins. and hen you get those kind of records in terms of margins and they go up, they generate more free cash flow, i think the stocks do what i recall roadway -- call rerating, so amazon's our number one pick. stuart: i'm told meta is going to boost its a.i. content or whatever -- >> yes. stuart: boost their a.i. usage. that's a big plus, i would think. >> i think it is. you know, people always look for these infrastructure ways like how do i buy, how do i play artificial intelligence. should i buy nvidia because they're at the chip layer, microsoft is at the infrastructure layer. i've got a great company that's at the application layer, and i think that's meta. they've used artificial intelligence to dramatically improve their ad targeting stack, and then also their user experience. and now the most interesting thing i'm seeing out of them and out of google too i

>>> at long last, justice for jam master jay after the decades-long search for his killer >>> new amazon ads are primed and ready. >>> and the birthday bash fit for a hero the california town throws the celebration of a lifetime for a pearl harbor survivor's centennial it's tuesday, january 30 "early today" starts right now good morning, i'm frances rivera the united states is vowing to retaliate against a drone strike that killed three soldiers in northeastern jordan. officials releasing the names of the victims. 46-year-old william jerome rivers, kennedy sanders and be breonna moffett. les go to chapman bell tell us more >> reporter: good morning, frances. tributes flowing in for them they were based at tower 22, home to some 350 service men and women who are working alongside the jordanians to stop the remnants of isis as well as to stop iran's influence in the area in their reach in and around syria now these three soldiers were killed, at least 40 more injured, eight seriously enough to be evacuated to a higher level of care according to central command, when a drone packed with exp

you know when you search for something on amazon or however you feel about amazon people use amazon and along the left you can check and uncheck boxes about brands and size and color and all stuff. i really that amazon would add one more little box that said made in usa again are a lot of work on their part because. somebody would have to actually vet the claim but i just think it would help all of us because stuff is out there it's not expensive. it doesn't have to be expensive. yes, some it expensive but some of it isn't. but if we really care supporting american workers and also getting around the awful guilt. right. that you feel when you buy something you don't quite know its origins. you don't quite know who made it getting around that that that concern if you care about that then a little box would be super helpful for for shoppers who want to do good and don't have the time to be super and will like me about the research. all right. want to go deeper deeper into sort of you and this writing process. you're obviously the author of a very well-received book into the raging sea abo

amazon's deal for irobot is expected to be blocked by the e.u.'s antitrust watchdog. happy friday. it is the end of the shortened week. this is what markets look like. nasdaq 100 up a percentage point. outperformance has been the story and semi-conductor shares. so much of that is the ripple effect from what we heard 24 hours ago. we are thinking about 2024. do we see improvement to end markets at all the chips go into. next week is a big earnings week. texas instruments, intel reporting. do we continue the story or do some momentum get halted dead? yields creeping up a little bit. bitcoin back even near to $40,000 per token. there has been a pullback in volatility after the euphoria of the spot bitcoin etf improvements of last week. the single name of the week has been apple. catalysts of the upside and the downside. on a five day basis, 2.4%. one big catalyst was bank of america's upgrade to buy with enthusiasm about what vision pro does on the hardware and services side of the top line for apple. you can place a preorder for a vision pro. if you go on the website you will notice

i will never remember how familiar with the levels of amazon. yeah. but the, using a allows me to go beyond my comments, whether it's the biodiversity, the amazon brain, waves or observations collected by the us based agency, nasa. the data for the kind of goals or is always chosen with the installation site in mind. for example, this project was created using 45 terabytes of data from the los angeles philharmonic digital archive. it was projected onto the exterior of the concert hall. immerse of art is also a topic in science. one of the pioneers of so called newest attics is through the next salmon from johns hopkins university school of medicine in the united states. her research focuses on how are impacts our brain. and she has a scientific explanation for all of the hype around numbers of art. i feel like immersive art so much because they make us feel good. it brings to the forefront all of the sensory systems that we have been wired for and often don't use in our daily lives. so it's ideal being at once in touch to smell, to feel, to see, to us

amazon up 83%, meta up 200, nvidia, 235. go through the list. why would anyone have a problem taking some profits? that's what we're supposed to be do doing. >> josh, the hardest thing is knowing when to get out and when to get in. you've had people say, don't trade them, own them. from a technical standpoint, i have roth mkm suggesting we recommend taking profits in amazon, respective charts have become very stretched above trend and poised for a pullback, so you own that stock. they say many names are now stretched and at risk of experiencing a deemer pullback. they find some opportunities. two existing holdings remain firm in trend, but tactically appear ready to pull back. how do you assess this? >> well, i think you just said a key word in the last sentence of what you were quoting, tactically. you have to ask yourself, first of all, do you even know what you're doing in the market? do you know if you're an investor or a trader? mkm is institutional research geared toward hedge funds and other more tactical traders, and they are actually tr

amazon has taken that away from their customers. when we talked to amazon on thursday, the question we put to them is, we understand what you are doing this week. what is the why? haven't received an answer. >> to play devil's advocate here, law enforcement will still be able to get their hands on certain surveillance footage they are looking for. they would just need to go through a formal request, a search warrant. >> right.really interesting in s of the process. what amazon is saying, go through a legal process. what the pry hivacy etch period are saying if police come to your door and say there's a pattern of robberies or assaults in your neighborhood, do you have anything useful on your camera, what you are supposed to say is, no, and come back with a search warrant. to get a search rar want, you have to show probable cause a crime has been committed and there's evidence there. the fact is, no court is going to issue a search warrant to blanketly look at cameras in a neighborhood unless you can show that you believe or that you

the one i like is amazon. full roundabout, but has and made all-time highs with the other four stocks. they have room to run. the trend line is slow and steady going higher. it is not overbought. the a.i. story. i can't wait to hear what they say on the call. >> a lot of people are waiting for amazon to talk about a.i. alphabet and meta and microsoft. amazon's elevation at 26 times forward earnings. amazon trading at 48 times forward earnings. are you concerned about earnings justifying the elevated valuation? >> i'm a technician first. this is not anything that i'm concerned about. i look at momentum and where rotation goes into the stocks and sectors. what we saw at the end of last year, the rotation in the small caps. they took off to start the year. now what i think we will see is the mega caps pause and maybe go up a little bit more. i don't think the momentum is there. you will see it come back to the small caps and russell. look at the finances within the russell and industrials within the russell. that

the first customer for us, is amazon. >> you actually mean down in scale. we have seen other outfits that we have come to know. they did not have to be boutique. you have already made a lot of product. >> this was from the last two quarters. this was super exciting. now, we were trying to get a lot of them. >> we were just trying to shoot. we found something that we might be interesting in this category. as the stands out, how to come up with this? we didn't have enough numbers. i know it is so distinctive. how did you do this? >> we didn't have a heritage. they were looking forward to this. amazing opportunity. we had hundreds of different front ends. importantly, this is a sense of importance. the stadium sheet was light. a lot of versions is what we went through. >> do you expect people to be looking? >> immediately, you can connect and identify with what our cars are. >> this is so important. at first, in fact, you have a very tight relationship with amazon. how is this happening? >> you are both the investor. we have the largest opportunity that is rig

today amazon's stock climbed almost 4 bucks. that's what we're dealing with. i expect this change in leadership will only get more pronounced as the month goes on because analysts are seeing stocks react to positive recommendations after years their ideas were almost irrelevant as the magnificent seven dominated no matter what. they've now rediscovered their own relevance. but bottom line to me as a stock picker i think this moment's kind of oddly joyous. we don't want two markets. we want one market. while i'd love it to be the mag seven and friends, they could simply go up more slowly than the other 493 stocks in the s&p 500, there's just not enough money to go around. so we've got a massive rotation going around, one that could be with us for a long time. until the people who own the magnificent seven but don't know what half of them do get blown out, and it will happen at lower prices. how about bill in massachusetts? bill. >> caller: boo-yah, mr. cramer. boo-yah. >> boo-yah, bill. what's happening? >> caller: i had a question for you about danaher. i got