Amazon navigates trade war world
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 10 April 2025
⏱️ 7 minutes
🧾️ Download transcript
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Get DoorDash from a robot
Episode transcripts: seekingalpha.com/wsb
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon. Today is Thursday, April 10th, and I'm your host, Kim Khan. Our top story so far, |
| 0:15.5 | Amazon CEO Andy Jassy, says the retailer's third-party sellers may pass costs associated to President Donald Trump's |
| 0:22.0 | tariffs onto customers. Jassy said in a TV interview that Amazon was still evaluating the impact of |
| 0:27.5 | the new tariff landscape, with China tariffs at 125% and a baseline of 10% for their nations. |
| 0:34.1 | I understand why, I mean, depending on which country you're in, you don't have 50% extra margin that you can play with, Jassy said, adding his company has made strategic inventory purchases and is moving to renegotiate certain purchase orders to mitigate the impact of tariffs. |
| 0:49.0 | Separately, in his annual letter to shareholders, Jassy said Amazon is aiming to be the Earth's most customer-centric |
| 0:55.2 | company, while highlighting AI infrastructure and services that the company had introduced and |
| 1:00.3 | is working on. Jassy said that generative AI is going to reinvent virtually every customer |
| 1:05.2 | experience we know, and enable altogether new ones about which we've only fantasized. |
| 1:10.3 | Jassy noted that if a company's customer experiences are not planning to use these intelligent models, |
| 1:15.2 | their ability to get smarter with feedback and data and future agentic capabilities, |
| 1:19.6 | they will not be competitive. |
| 1:21.3 | How soon? It won't all happen in a year or two, but it won't take ten either. |
| 1:25.1 | It's moving faster than almost anything technology has ever |
| 1:27.9 | seen, he said. The CEO noted that substantial capital investment is required for AI. In Amazon |
| 1:34.1 | Web Services, the faster demand grows, the more data centers, chips, and hardware the company |
| 1:38.4 | needs to procure. He added that the company spends this capital up front. In addition, |
| 1:43.2 | Jassy talked about Project Kuiper, the company's low-earth orbit satellite network, |
| 1:47.2 | which would help millions of people without broadband connectivity access the internet. |
| 1:51.4 | He said the company is launching its first production satellites |
| 1:53.9 | and will ultimately have $3,200 in orbit over the next few years. |
... |
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