Amazon CEO Andy Jassy was speaking live during the DealBook Summit and let some uncomfortable truths loose:
Jassy began by noting that they had done a lot of hiring and realized it was time to "streamline costs" adding that it was "clear that consumers are spending but being careful."
Finally, Jassy warned that the economy is a "lot more uncertain than previously thought."
These comments weighed on AMZN (and AAPL)...
This sent the broad markets lower...
Not exactly a sign of the soft-landing so many are hoping for.
https://www.zerohedge.com/markets/stocks-tumble-after-amazon-ceos-comments
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