andy jassy, president and ceo of amazon.iss the final part of the interview and some fireworks during tomorrow's show. >>> it is time, it's time for a very special seattle edition -- and then the lightning round is over. are you betty -- brian in ohio. ryan. >> caller: jimbo, thank you so much for what you do . me and my friends all got in the market in 2020 and you really helped. thank you so much. >> thank you, big guy. >> caller: my big one of the day is so five. i went to see where it's going. >> it went above eight a few seconds ago. you know what, the race is going the wrong way. don't leave it. go there. mike in nevada. mike. >> caller: thank you for taking my call. stillwater, multiple price levels, and they've had a string of bad moves over the last year, what do you think? >> we are going to go down there and we are going to go by -- because we can't fool around with bad operators. let's go to dean. >> caller: hey, jim . longtime listener and watcher of the show and the first time caller. u.p. wk, up work incorpora

great to see you. >> that's andy jassy, president and ceo of amazon.nk you. >> thanks for having me. >> announcer: coming up -- what's a move in mortgage rates mean for a home builder like toll brothers? cramer checks out the foundation of a cohort with a home field advantage. next. something amazing is happening here. students are inspired and engaged. that's because school districts consulted with cdw to design modern classroom solutions with preconfigured hp devices making education immersive, accessible and secure. now, when researchers study elephants, kids learn from 9000 miles away. make amazing happen. hp and cdw. >>> welcome back to "mad money." coming to you from the iconic space needle in seattle. now, a year or two ago if you had told me that we could have the highest mortgage rates in decades and some home builders would be hitting new all-time highs, i would have just laughed in your face. but that's exactly what we're seeing in toll brothers, the luxury home builder, which soared again after it reported a great quarter on tuesday night.

andy jassy is talking about the chinese types. people are looking for bargains, but at the lower end. i'm wondering if the lower end isn't struggling. lower end having trouble. there's this cohort, david, that's been left behind. it's important we remember this is the group left behind by inflation. a lot of people feel that inflation is under control. that's not what i felt from andy jassy. >> we've been hearing that there's weakness, particularly at the lower end so to speak of income, jim. you know, i wonder does that translate into a significant diminution in overall demand? >> no, i don't think so. i just think if you're in the high end and you're trying to sell something online for the holidays, i think you're going to struggle. it's not where the money is. by the way, these chinese sites, they're partners with andy jassy. if you go to them, you'll see the arverage price of what peope are buying is 12 bucks. it's hard to make money at 12 bucks if you're amazon. i think amazon is doing fabulously. they can pivot. they don't h

i don't know what else you may have on the show as well. >> we're focussing andy jassy, this is a tnp take no prisoners. i feel like jassy knows more about what's happening with the country whether it's with a.i., the cloud, or retail. he's the man, and i cannot wait to sit down with him. >> so many places to go that are of importance. it really is. a great interview. a great get. >> thank you. >> i'm not sure when you flew, how you flew, middle of the night i suppose, it had to be. it had to be. >> yeah. best way to fly. >> best way to fly. >> that's how you get things done. >> tuesday nights, they're not for sleeping. >> i don't like sleeping on a tuesday. >> no. jim, good luck. see you later. >> thank you. >>> coming up right here, by the way, speaking of the consumer, we have an exclusive with walmart's ceo, doug mcmillon. also ahead, eight ceos that include moynihan, dsolemn -- there's brian moynihan there. they're in front of the senate we'll bring you the q&a. shot of capitol hill right now where the nation's -- the ceo of the nation's eight biggest banks including jamie dimon,

jim cramer talks with amazon ceo andy jassy at 6:00 p.m. tonight. >>> ahead of all of that, let's get a look at how the trading day is climbing. let's bring in jeff kilburg, a cnbc contributor. jeff, there's a lot of talk on capital. i wonder whether or not you feel this is the engine for 2024. >> you know what, dom? it's interesting you say that. i think when you look at the new undercurrent of ai, you vo to is vuc microsoft, it nvidia and has one of the worst stocks in the nasdaq. i think apple is important, but it's not the paramount focus of investors. >> there are issues that we have right now atz well. how much is that going to play into the discussion overall. do you feel there are certain sectors that are going to big greater than others? >> i think it's really critical to understand where we are in the market. a lot of folks have seen nearly $6 million in cash. utilities down the most but consumer energy is tied for third. crude is down, 71.80. i think you can add names like exxonmobil and chevron, names i like. pea are going to se

amazon ceo andy jassy offered a mixed picture with the consumer picture when speaking with jim cramerlast night. take a listen. >> consumers are still spending. they are being careful over what they spend on and they are looking for deals where they can and where they can trade down on price, they are trying to do so. >> what does that say about the consumer and confidence right now? >> he's right. obviously this time of year people are spending probably when they wouldn't be spending in a different time of year. the holidays bring that out in people. i think we have to watch delinquency rates even now in the fourth quarter. delinquency rates are up on credit cards and autos in the 29-to-40 year group. this is wages up 5% year over year and that tells us the consumer is concerned. they are watching. i think earnings is an interesting tell because we have two different consumer bases. we have dollar general and we have lululemon. it is interesting to see what the ceos have to say. >> victoria, the word of the day before we let you go. >> cavalier is the word i'm using for today. the ma

. >> amazon bouncing higher on comments last night from andy jassy. >> there has been a pause on treasurieske under 4.25 on the ten year. we close within half a percent on the s&p for 12 or 13 days in a row, there's a chance we get above it here. >> we have a jobs report tomorrow. >> we do. >> i think it feels like a weak number with the rally in treasuries. but that's it for us for now. we'll see you tomorrow. scott and "the halftime report" up now. >>> all right, sara. thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the ai wars. alphabet firing its latest salvo. that stock surging as we come on the air. we'll discuss and debate with the investment committee what all of it means to your money. bryn talkington, josh brown, bill beruch. a bounce of 53 points. the nasdaq, 1.25%. you heard sara talking about that, 4.12, the yield on the te

we'll hear a lot more about the retail landscape with the ceo of amazon to find, andy jassy joins "madrn. >>> looking forward to that. after the break, we'll head back to capitol hill as the top bank executives continue to answer questions from the senators. stay with us. >>> welcome back. tonight. cnbc launching its new cross-platform franchise called "cities of success." it's a new series that explorers cities that have transformed into business power centers, driving chains across the entire u.s. economy. the first stop, nashville. the city looking to attract a wide array of businesses, including manufacturing, as autoworkers fight for better pay and benefits, nissan, just one of the companies that has put down roots. >> in nissan's mind, it had to make financial sense obviously. we had to retain key talent, to be able to make the move from california to tennessee, and i think the state and the local area put together a package that made it doable. >> nissan just one of the companies profiled as part of the series. do not miss cnbc's one-hour prime time series" cities of success" to

i wrote about this stock as a case study in my book because andy jassy got tim cooked. over apple it is up 1600%. you can't underestimate these companies. cloud is still growing. they're the 800-pound gore little l cloud growing 17%. up from 13% this year. online stores improve growth from nine to 11%. margins are improving and free cash flow in 2026 or 2025 will hit $100 billion, after they spend 50 billion on cap-ex in that same year. so this is a company you cannot underestimate. cash machine. maybe we get a dividend at some point. maybe not. but if you look at the company since the ipo it is up 178,000%. so it has been a lot of opportunities to buy it. charles: you're saying it is not too late. one thing i notice whether service now, amazon, you mentioned jassy always important to focus on management as well. opportunities are out there. only a handful of folks are able to truly, truly execute. i tell people look at management because that could be the key. nancy, belated merry christmas, happy new year. we may not have to call you own amazon for 10 years but i have

. >>> and jim is chatting exclusively with amazon's ceo andy jassy, we've got the interview, top of ther on "mad money." more "fast money" in two. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. ♪ ♪ from hr to payroll, adp designs forward-thinking solutions ♪ ♪ ♪ ♪ >>> i've always been deeply opposed to crypto, bitcoin, et cetera. you pointed out the only true use case for it is criminals, tax avoidance. if i was the government, i'd close it down. >> that was jpmorgan ceo jamie dimon testifying earlier today. the bank exec answering questions from senator elizabeth warren an the safety of bitcoin. shares of crypt

andy jassy got tim cooked.en you look at the fact that tim cook was no steve jobs, since that time apple is up 1600%. maybe being tim cook is a good thing. that is what we were paying attention to. andy jassy has grown into position. he is focused. he was the initiator and the ceo of the cloud business. we think this company continues to outperform for a lot of reasons. katie: amazon shares up 83% in 2023 alone. a fantastic run. let's talk about tech more broadly. i am obsessed with the idea of all weather sectors. tech stocks are the new defensive names. does that make sense when it talks about interest rates up, down, economy bad and good, these are the companies that are going to perform? nancy: if you think about what i want to own in a slowing environment, you want reliable earnings growth. even in the tech bear market of 2022, you had a company like service now delivering 20 to 25% earnings growth each quarter. the stock would run up and then everything sold off again. these are not the kinds of companies

we got that with andy jassy when i spoke to him at length at amazon i do think that we've got this --hat the lulu is a misinterpretation. those are chinese. those all trade china. obviously, european companies. >> that's ultra-luxury a lot of that is related to demand from china >> you really have to parse the lulu calvin mcdonald is a fabulous ceo, and the numbers are all great. so, the big conundrum is, how could he be so worried about the quarter if it started so well? does he know something we don't know and he got a little defensive at the end. for a guy who's one of the great merchants of our time. >> although he had a pretty healthy movement in price targets. increases at morgan stanley, oppenheimer, key and some others >> people recognize that's just him being -- >> stock was looking worse after they reported the number >> because the headline -- they did the -- whatever the chatgpt. it basically says, immediately, hey, listen, this is really bad. and then you listen to conference call, and the analysts seem to be more influenced by headlines than a long time. carl, i think th

. >> andy jassy will tell you he can predict when sauce gardner will blitz because of the third quarter of generative ai. >> that's not generative ai, it's just regular ai. >> it's generative. >> generative is when it's creating things for you. >> yeah. >> that's the thing they've been advertising on amazon with the whole thing and the percentage catch. >> don't you love that? >> that's old. give me something new. >> god, you put me down at all -- >> i'm not putting you down. i'm just telling you -- i don't put you down. >> no? >> no. >> let's move on. >> what do you have on the list? >> so, david, one that i've always liked that you know i've been a big aficionado of, tractor supply. >> i remember those days when we would talk about it all the time. >> can we have a ten-year chart of tractor supply? >> sure. >> people started -- one of the things they did during the pandemic was left the city and went to the country and created their own little farm. >> like green acres. >> yes. >> like eddie albert. >> exactly what i was thinking. >> of course you were. >> these guys at b of a say tha

. >> david, when i was out to see andy jassy who is a sports fan, it is clear if there's sports he'snterested, and we talk about all these companies and think lilliputians compared to a.m. son. couldn't amazon say the nfl contract, can i buy this paramount, i get cbs, hey, i'll just go do that. what do you think? >> i mean, regulatory-wise that's a very difficult thing for them to consider doing. i don't see them getting the approval. now, listen, things can change. administrations change. we know that, jim, but that's a tough one. because i think, frankly, if amazon were a potential buyer you'd have warner brothers/discovery say buy us, you know, pay a big premium and we'll be yours that. -- that would be a possibility in a different world. i don't know how amazon views it, but i -- it's hard to imagine from a regulatory standpoint. >> speaking of giants with cash, jim, a couple of stories on apple today, one is bloomberg saying they will ramp up their produce of the vision pro aiming for a february launch and ai says their research department says they want to catch up with some of

he's getting ready for his exclusive interview with the ceo of amazon, andy jassy.c special presentation of cities of s.