it is the first one for amazon ceo andy jassy. how he addressed growing concerns about worker safety at the company's market cap threatening to dip back below $1 trillion. all of that in a moment but first let's get a look at the markets, stocks climbing after a volatile trading day in the tech heavy nasdaq 100. outperforming. bloomberg has the latest. why the turn from yesterday? >> it is quite interesting that we do see stocks finishing the day in the green. and as you mentioned, nasdaq 100, really outperforming here and a lot of that down to some of the heavyweights, apple and amazon in particular, leading that index higher. i will point out that a lot of the impetus, the momentum really started gaining after the fed minutes. were starting to see traders paring back expectations in how aggressive the pace of rate hikes maybe. that is those growth fears, sue did not see change in a 10 year yield, but the two year yield, which is more sensitive to fed policy changes just taking a little higher. then i do have to touch on nvidia,

spencer, what were the big takeaways and andy jassy's responses to some of these resolutions? big one -- there were several regarding worker treatment. jassy had to respond to that and these high injury rates. amazon was hiring a lot of people through the pandemic and jassy was trying to explain a lot of them are new to industrial work environments, therefore injury rates climb, even though amazon made this pledge to make it the best place to work and to target reducing injury rates. he's definitely trying to buy some time by explaining the unique circumstances around the pandemic. there was also an advisory vote on pay. it was a big deal because you have jassy promoted into this role as ceo, promoted to succeed jeff bezos. some influential advisory firms saying that jassy and two other executives, their pay is not li nked strongly enough to company performance. emily: quickly on that, you have amazon shares dipping nearly below $1 trillion in market cap. how concerned are shareholders about that? spencer: that did come up. jassy addressed it. one of the questions shareholders

. >> andy jassy making comments about lowering costs >> shareholders voted against all of these investor-ledy did vote, however, for proposals approving executive compensation and board members in the stock split now this is andy jassy's first meeting in ceo and he ran the q and a where the focus was on cost and profitability on inflation. they're focused by improving productivity and he has high confidence that he can get back on track on inflation he said this, when the war in ukraine hit inflationary costs continued, he said they couldn't keep rung the business he said they passed those on to consumers by amazon sellers. he also took questions on worker safety and climate goals all in all, guys, it didn't feel like jassy was more on the back foot which shouldn't be a surprise because it has been rising from profitability to labor and perhaps the change in the tone from the days when bezos ran this meeting deirdre, thank you very much deirdre bossa. the stocks dos and don'ts. should you buy the dip we have a bull and bear debate going old school when we come back pull bonnie up on phone, m

reads proxy statement, but amazon has one of the best management compensation programs in tech andy jassys not earn 80% of his compensation including age 6 to 10 and that's shareholder friendly as you can see and he wouldn't have taken the job unless it was opportunity and not for fun. >> this day and age some ceos don't last six to ten years. a lot of them don't, particularly with a falling stock. talk me through amazon prime and whether you see it as a consumer discretionary item that might be vulnerable to -- to subs cutting off as people have to spend their money on higher price groceries and gasoline, et cetera >> that's a great question i think amazon gets lumped into the subscription basket with netflix and so on, but when you think about your portfolio of subscriptions that you own, what is the most valiant? you are paying $139 a year for amazon to get things within a day, max, two, or you're paying $120 for netflix to use up your time versus save your time with amazon we see it as much less discretionary and if you believe andy jassy's words that he put in his investor letter, hi

andy jassy hasn't been through the dot-com bubble burst like bezos has. he's also facing the biggest labor challenge in the company hess history plus pandemic overhiring is poised to weigh on gross margins through the end of the year. so we're talking about perhaps this is the most vulnerable, or look at it another way, maybe the most opportunity >> i don't know about vulnerable it's interesting i think labor is the pivotal issue for amazon in part because amazon picked that remember the shareholders last year where jeff bezos said we want to be the earth's greatest employer or something to that degree amazon in a lot of ways is a microcosm of the broader economy. they've got the high-end employees paid mostly in stock who are certainly suffering from this downdraft in the stock. they have hourly employees in warehouses considering orga organizing, salary and benefits being a part of that then they have the contractor workforce, carl, in delivery that sort of represents in a way the gig economy, the worker who is not an employee but trying to figure out h

all of this happening under a still untested ceo in andy jassy. it remains that go-to success story out of the dot-com crash it went on to earn a lot of money. jeff bezos may be reminding investors of that with the tweet just a few minutes ago that risky bets can pay big dividends. he posted a cover of "businessweek" in 2006 and said wall street hated awz but recognize of $62 billion amazon's profit engine this time amazon is bigger, perhaps maybe less nimble. wall street is willing to give it the benefit of the doubt. it remains positive on the stock with one sell rating in a price target over $1,000 where it is today. >> amazon is just so many businesses, what happened to an amazon during a growth scare or recessionary period because they sell a lot of staples and have become a mainstream part but also are very connected with i.t. spending in the web services business. what is the thought on what to do with a stock like amazon in a slowdown >> i think that's what investors are trying to figure out we know that is facing more competition. we know