arthel: that's an interesting point because amazon web service chief executive matt gorman set up theirwellin that environment and do not want to, that's okay for their other companies out there. at amazon we want to be in an environment where we are working together and we filled the collaborative environment is incredibly important for our innovation and for our culture. so jean do you think the dynamic in the labor market is changing with employers having more power, then to your point how could this impact the unemployment rate in overall economy? >> it has a big impact on trying to find workers u.s. guinea employers with the top three most requested benefits of course it's health insurance and retirement plans. i'm 2024 it is flexibility. most employees if they can there are some jobs you cannot be flexible. most expect some level of flexibility the ability to work from home. again working one 100% virtual i don't think is a great model. wh41% in the office is so great either in 2024. there is a middle ground. the reality is although you and i are trauma amazon because they make al

amazon web services ceo saying, quote: if there are people who just don't work well in that environmentt to, that's okay. there are other companies around. the executive adding there are three days in office policy quote didn't accomplish anything. not a good day for baseball after the guardians stunned the yankees. >> game three. fly. deep drive. left field. fry is watching. it is walkoff home run. david fry lights up the cleveland night. >> the guardians pulling a 7-5 victory over the yankees in game three of the alcs. meanwhile the mets following to the dodgers in game 4. shohei ohtani setting the tone early on. >> there is a shot, right center field, and owe ohtani lights te fire. >> carley: there it is the dodgers one win away from the world series. steve over to you. >> steve: thank you very much. former president donald trump is going to be live in this room. he is going to be here on the curvey couch. put down the remote. he's going to be with us in less than an hour. ♪ type 2 diabetes? discover the ozempic® tri-zone. ♪ ♪ i got the power of 3. i lowered my a1c, cv risk, and lost

amazon web services making a huge investment in the alternative energy source. how much they're spending, and just how much a.i. will drive power demand. >>> plus, netflix earnings on deck. what to expect from the streaming giant when they report tomorrow. and how the rest of the media landscape stacks up. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. ♪♪ ♪♪ the winter escapes sale is now on. visit beaches.com or call 1-800-beaches. >>> all right, welcome back. amazon, the latest big technology company hopping on the nuclear energy train. amazon web services announcing it will invest more than $500 million to try to develop small modular nuclear reactors, known as smrs. diana olick has more. di diana? >> well, brian, the investment spans three different projects. first in virgini

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these are not as big as google or amazon web services or microsoft, but nevertheless very, very impactfule first principles of democracy, the right to privacy, the source protection ofjournalists and simply having some personal contacts and communications. you began your campaign to get, in a sense, civil society to wake up to the potential dangers that came with the digital revolution when you were a member of the european parliament and you actively campaigned on the issue of spyware and surveillance, which people weren't aware of and you said had to be outlawed and the export and import had to be controlled of this sort of software. right. you made a very interesting decision a few years ago to leave europe and go to the united states, which seems odd in a way, because europe seems to have been listening to your messages in a way that the us doesn't seem to be inclined to listen. so why did you choose to go over there? well, i wanted to look at the power and the political impact of silicon valley. i don't think it's treated as a hub of power as much as it is seen as a hub of innovation

also in seattle, amazon web services expects a full five-day return to office early next year, promptingn an internal flak channel to complain. >> these companies are saying you have to be in the office three days a week, five days a week, they're going to lose talent who demand flexibility? >> yes. and we can demand flexibility now because we didn't realize we could before. >> reporter: one study found most employers want workers in the office at least three days a week. but only 51% of employees right now actually are. and 80% of companies have returned to office policies. only 17% enforce them. some companies are quietly downsizing their big office footprints to save money, and others like spotify and drop box are now fully remote. >> 2025 will be an attempt to get people back int2 office, but ultimately, the pace of change in technology will get us all working virtually. >> reporter: for now, companies struggling to balance culture and the flexibility many workers crave. christine romans, nbc news, new york. >>> when we come back, baseball's biggest fans celebrating their hometown he

amazon web services is investing more than hall a billion in nuclear energy across three different projectsginia, home to nearly half of the data centers here, they signed an agreement for small mod ullr nuclear reactor. i asked matt garmin why the push to nuclear. >> we're looking forward, and we seed the need for gigawatts of power in the coming year, and there's not enough projects to meet the needs. the technology is advance to get a place with smrs where there's a new technology that would be safe, easy to manufacture, at a much smaller form factor. >> reporter: the kind of nuclear reactor with a smaller footprint, allowing them to be built closer to the grid, and faster build times. amazon also announced an agreement with energy northwest to invest in the development of smrs in washington state. as part of that, amazon's climate pledge fund announced it's the lead anchor in a dollar 500 million financing round for x energy, which will provide the parts and nuclear fuel for that project. at the presser this morning, energy senior jennifer granholm announced $900 million in d.o.e. fundi

they'll join us next to make their case >>> amazon web services doubling down on its generative ai partnershiph databrics as investors look ahead to that potential ipo. "the exchange" is back after this >> this is "the exchange" on cnbc (♪♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com what if your mobile network investment objectives, ris wasn't just builtses to work out here... ...but was designed differently to also give you blazing fast wifi where you are most of the time? reliable 5g, plus wifi speeds up to a gig where you need it most. xfinity mobile. now xfinity internet customers can buy one line of unlimited and get one free for a year. >>> welcome back disney announced yesterday that james gorman will replace mark parker as chirm chairman of the effec

i remember a year and a half ago i was screaming because amazon web services was underperforming, cameht back. the attempted assassination of donald trump led to a light sales quarter. it comes right back, it comes right back. i say knock yourself out and sell if you have to. let me ask you, did you sell amazon at 161 after the last supposedly bad quarter? how did it feel when the stock bounced to 195? once again i think it is a matter of time before amazon bounces back as usual. no hurry. stock does seem to be headed lower, i have no doubt about that. i get it. but sell to buy it lower? can you really get back in that? too hard. how about jeffries downgrading apple this morning? it seemed cogent. listen to this. quote, we like apple intelligence long term as apple is the only hardware-software integrated player that can leverage proprietary data to offer low-cost, personalized a.i. services. so good so far. then pivot. smartphone hardware needs rework before being capable of serious a.i., with likely timeline of 2026-2027. end quote. jefferies claims the high expectations for iphone 1

. >> gelsinger added that in addition to amazon web services, intel's foundry added two more customerso telling us that producing chips in the u.s. in its foundry division is on track to ramp in 2025. now, when gig elsinger was aske about former president trump's criticism, he said he was frustrated the money had not been dispersed faster, but said he was anxious for whoever wins to the election to reinforce the impact of that chips money. shares up 9% in afterhours, but yeah, still down over 50% this year. the call did start, brian, i'll get you the details -- details as they come in. >> seema, thank you. i'm not going to make light of this, tim, this is a company that was -- everybody knows their little jingle and logo. >> intel's inside, brian. >> one of the most valuable companies in the world for a long time. powers this computer that i finally got working. and investors have just been -- i don't say wiped out, but they -- >> you can say wiped out. >> they lost half their money this year. i don't -- what -- is intel a value -- is there any value in intel, is it a value trap? >> no

>> yakima for both microsoft and amazon web services, they need to beat by a big number to show theykloads. jonathan: some of the improvement to product of the we have seen already has been absolutely staggering. this came from alphabet's numbers yesterday that new computer code is written by ai more than a quarter of it, more than a quarter. we are seeing big changes not out of these companies but inside the companies. anurag: we have been seeing this for a while, that when you look at generative ai, the biggest one in our view is cogeneration by some of these copilots. we recently had amazon web services on one of our podcasts, and they talked about a massive shift in productivity on their backend as well. lisa: at this point, how much of a tell is google for meta, for the likes of microsoft? anurag: i think when you really sick about it, when it comes to the benefits of genai, cop providers are one of the biggest ways to look at this stuff because there are companies that cannot run these genai workloads, which is they don't have the capital to go and buy gp use, ai servers, heil

amazon web services is investing more than half a billion dollars in nuclear energy across three differentia, home to nearly half of all the datacenters in the u.s. aws signed an agreement with dominion energy to explore the development of an smr or small modular nuclear reactor near dominion's existing north anna nuclear power station. i asked aws ceo matt garman why the push to nuclear. >> we're looking forward, and we see the need for gigawatts of power in the coming years and there's not going to be enough wind and solar projects to meet the needs, so nuclear is a great opportunity. also, the technology is advancing to a place with smrs where there's going to be a new technology that's going to be safe. there's going to be easily -- easy to manufacture, and a much smaller form factor. >> smrs are an advanced kind of nuclear reactor with a smaller physical footprint, allowing them to be built closer to the grid. they also have faster build times than traditional reactors. >> it is safer. so, the technology is self-contained and how the cooling is done, so it's a new technology and how t

dollars worth of contracts with the federal government through his other businesses like amazon, particularly web services and the aerospace manufacturing company blue origin. on the same day that the post publisher announced the newspaper would not make an endorsement, the associated press photographed two executives from blue origin, the ceo on the left, and megan mitchell, vice president of government relations on the right, speaking with donald trump on the tarmac in austin. this highlights complexity of business journalism conflicting with or undermining the actual work of journalism, which can have dire consequences for society as a whole. the legendary newspaper publisher and former politician joseph pulitzer warned us about this in 1984. our press will rise or fall together. and able disinterested public spirited press with trained intelligence to know the right and courage to do it can preserve that public virtue without which the government is a sham and a mockery. a cynical mercenary demagogue at press will produce in time, a people as base as itself, end quote. and that might be the path we ar

amazon web services group. 21% is the buy side expectation we believe with those good google cloud resultseing pretty good, maybe should be looking for more upside. as amazon finally catching up with a are relative to google with the genai model and microsoft with that gpt model access. the second thing is north american margins. that was such a big driver of the story last year. stalled this year. you have had things like project kuiper, satellite launch is pop up and hold back margins a bit. consensus is expecting a big step up in q4. the third thing is overall top line. what is the consumer like? we saw ebay disappoint last night. there's been mentioned and be consumers holding back because of the election. last quarter, third party sellers that amazon seem to be holding back. we could see revenue growth guidance fall into the single digits. with the stock of 30 times plus earnings is high single-digit growth enough? jonathan: the politics two -- two, you think there could be a basis point cover some democratic voters? >> i don't know about that. we are starting to field questions run a

>> well, becky, amazon web services is announcing it is investing more than half a billion dollars ine power for generative a.i. and cloud computing here at home in virginia, home of half the data centers in the u.s. aws signed weren't agreement with the state's company to explore and smr, a small nuclear reactor near the nuclear power station. projecting power increase by 80% over the next 15 years. just spoke with the ceo about why nuclear? >> we are looking forward, and we see the need for gigawatts of power in coming years and not enough wind and solar projects to immediate the need. nuclear is a great idea and new technology safe and easy to manufacture in a much smaller form factor. >> smrs are an advanced nuclear reactor with a smaller footprint, physically, allowing them to be built closer to the grid and faster build times than traditional reactors. >> it is safer. so the technology is self-contained in how cooling is done. it's a new technology how that works and a fundamentally different way about, going about powering these plants. so it is a safer technology. >> amazon is

amazon has a web services division that saves businesses hundreds of dollars. if it is so pernicious how could there be more than 200 million prime members? that's what we need to be protected from? how about the 1.5 million people that have their salaries provided by amazon. if you work there they have incredible benefits. if that's a villain i say, give me more villains. you want a real bad actor? how about apple making such bad phones. how much does the government despise the app store business where they get a chunk of every transaction? without the app store it would be incredibly difficult for most subscription businesses to stay in business. it is how you get customers. do i want to give them a huge chunk of the subscription dollars? of course not but i would rather have 70% of some than 100% of nothing which is the alternative. the justice department is investigating nvidia for dominance in the chip market. they invented the chip market. it would not exist without them. should we blame them for making such a tremendous product it created the entire indu

if you take the amazon web services, for example, i met their chief executive in seattle in february. labour programme of government should —— would be should we win the election. i explained how to make innovation swifter. i explained we would change planning laws very rapidly so that data centres would become a national priority. and i explained about the stability that the labour government would bring to the running and management of the economy again. so these companies were preparing for these companies were preparing for the fact there could be a labour government. 0nce the fact there could be a labour government. once there was a labour government. once there was a labour government they could act swiftly. amazon web services recently announced an £8 billion investment into the british economy going forward. they are represented at this summit too. this is the work we have been putting in. you can now see the signs that we are unlocking the potential that britain has. higher standards for workers, greater investment for around the world, planning for the long term, thatis worl