Jim Kramer here to share with you a sample of my take on the market from today's

CMBC Investing Club morning meeting.

I'm going to start today with Andy Jassy.

We've got Andy Jassy from Amazon, and I think it's very important to know we're spending

a lot of time with him.

What I'm focused on right now, it's a free-ranging interview, about the things that he's

trying to do, or the keep costs down, how quickly you can get the same day. We've got, obviously,

July 8 to 11, we've got prime, but also what he's investing in, because I think that's what's

most pertinent to us, is the investing in data centers the way we heard Oracle

today? Now, Oracle, by the way, put out a AK about how they're spending more money on data

centers, but it was nothing new, just to understand that. But what I'm focused on, again,

is how much Amazon is going to spend. Why is that important? Because invidia is the principal beneficiary

of Amazon spend. And in the April letter that Andy Jesse put out, he did kind of indicate that

maybe Nvidia is a tax on the system, that it costs too much. Invidia has always said,

look, when you buy us, we've got, well, give you a four to one

push. In other words, you buy it and you make it back four times over. Invita, a big last

Friday. I think it's interesting to see that it's giving that back, but it's been a very big

winner for us, as you know, this quarter to. So that's number one. Number two, I want to talk

about Goldman Sachs. You know I think it's very important what the government is doing on deregulation.

I think deregulation is more important than what the Fed is doing. We spend, I think, way too much

time talking about the Fed. Look, I'm being very abject here. I'm trying figure out how to make you money. My next book, which is how to make money in any

market, talks about the idea that if you focus on the Fed, if you focus on these ephemeral issues,

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