Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm David Faber at post-9 of the New York Stock Exchange.

Jim Kramer, there he is on the other half of your screen there. Hopefully he can hear me. He's in Seattle,

fresh from his exclusive interview with Amazon CEO, Andy Jassy. Of course, that aired on Mad Money last night.

Carl has the morning off after last night's CNBC premiere of Cities of Success, Nashville.

There's a look at futures.

We do seem to be set up for what may be a higher open about a half hour from now.

Let's get to our roadmap this morning.

And we're going to start with Amazon. You're going to want to hear what Andy Jassy had to say to Jim about the consumer,

AWS, and a lot more. Speaking of CEOs, that man right there is ExxonMobil's CEO, Darren Woods,

and he's going to join us exclusively. We're going to be talking about yesterday's big news,

where they outlined, of course, Exxon's plan for growth and spending and buybacks. That was all yesterday. And then we've also got another big guest. Towards the end of the show, HomeBuilder stocks hitting new highs. Well, told Brother CEO Doug Yearly is going to join us. And again, as I said, later in the hour. All right, let's start off with Amazon. Jim McCour sat down with

CEO Andy Jassy last night. They talked to everything from AWS to AI, the consumer, the holiday

season up ahead. Take a listen. Consumers are still spending. They're being careful about what they spend on and they're looking for bargains and deals wherever they can and wherever they can trade down on price. They're trying to do so.

And it's really why if you looked at what we did in our holiday season, it's always important to save customers money, particularly during the holidays and especially in this type of economy.

And so we, you know, in our prime Big Deals Day, which was our exclusive event for prime members

to kick off the holidays, we had tens of millions of deals and it was by far the best

kickoff event that we ever did.

Jim, you know, that's interesting and especially coming on the back of hearing from Doug McMillan yesterday as well, the other major retailer in our country, in terms of the consumer, what else stood out to you?

Well, look, I think that the consumer, I was surprised when the consumer starts buying, I thought they would, for the holiday season, pay up a little more. But, you know, Andy Jassy's talking about some of these Chinese sites, the Shi'an, that that's doing incredibly well, that people are looking for bargains, but at the lower end, I'm wondering if the lower end isn't struggling. You put that together with what McDonald said yesterday, lower end, having trouble. There is just this cohort, David, that has been left behind.

And it's important that we remember that this is the group that's been left behind by inflation.

So I know a lot of people feel, and certainly in the bonpice, that inflation is under control.

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