It's Jim Kramer here.

You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm David Faber along with Jim Kramer. We're live for Post 9 at the New York Stock Exchange. Carl has an assignment today, I think is what it says there. He's on assignment. Let's give you a look look at futures if we get ready to wrap up the trading week when we start 30 minutes from now. That's a little bit of different picture. Yeah, but maybe you put up the buttons and let's see how different pictures. Yeah, I know, that tenure. All right, let's start with our roadmap, though, and it does not start with the tenure. In fact, it starts with Amazon, AWS, its AI strategy.

CEO Andy Jassy saying he'd been, quote, surprised at the growth of the company's generative AI business.

Plus, inflation seems to be cooling.

The Fed's preferred gauge showing the pace of inflation came in at 3.7% for the month of September. And we're keeping an eye on the auto industry.

Ford withdraws its guidance, delays EV investments. Meanwhile, the UAA reportedly delivering a new offer to GM. All right, let's start with Amazon. That stock is up nicely after reporting quarterly results.

Overall profit more than tripling from last year.

CEO Andy Jassy saying on the conference call that he has been surprised by the company's growth

in AI.

You look at the very substantial, gigantic, new generative AI opportunity, which I believe will be tens of billions of dollars of revenue for AWS over the next several years.

And I think we have a unique and broad approach that's really resonating with customers.

And you can see it with, you know, the array of customers I mentioned that are using us,

starting to build workloads for genera AI and who have already on top of us.

I can see it also just, you know, the growth rate for us in generaI is very fast.

Of course, if they can get a hold of all the invidia chips they need even though they're

designing uh their own give me your take on the quarter uh okay so you go through

what went wrong with alphabet in the conference school which was disorganized

incoherent.

Getting a little more critical of that alphabet conference call a few days later.

No, that was kind.

There was a kind, kind view of it.

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