Jassy has had to deal with some pretty extraordinary circumstances, not just the pandemic and then the resulting slowdown in e-commerce. And I think he's been in adjustment mode, of course, correction mode. The idea that the latest thing is that they were stopping construction on the second phase of HQ2 is another black guy for a company.
The Nasdaq rose 17% in the 1st quarter, but we're not popping champagne just yet.
(0:21) Ron Gross and Matt Argersinger discuss: - New inflation data and real estate concerns in Silicon Valley - Why they're watching company margins and guidance updates over the next few weeks - Disney shutting down its metaverse division - Lululemon's (unsurprising) write-down of Mirror - The latest from Walgreens, RH, and McCormick
(19:11) Brad Stone, head of Bloomberg's global tech coverage, weighs in on the state of affairs at Amazon, whether Jeff Bezos will return as CEO, and what to watch in the growing industry of AI and ChatGPT.
(32:40) Matt and Ron discuss Moderna's prospects, Pepsi's new logo, and share two stocks on their radar: ERP Properties and Wesco International.
To get your copy of our free report "Top Stocks For Rising Interest Rates" just go to fool.com/interest.
Stocks discussed: DIS, META, LULU, WBA, RH, MKC, AMZN, GOOG, MRNA, PEP, EPR, WCC
Host: Chris Hill Guests: Ron Gross, Matt Argersinger, Brad Stone Engineer: Dan Boyd
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