Good Friday morning, welcome to school up in the street. I'm Carl Kintanier with

Courtney Reagan, David Faber here at Post 9 of the New York Stock Exchange, Sarah Eisen's on assignment.

Today, what's next for Big Tech after some clarity, at least around the Mag 7, this massive

pop for Amazon, consumer discretionary today up four and a half percent

we'll talk to t row price portfolio manager tony wong about his top picks going into year

rant speaking of tech is the massive outlay of cash into a i sustainable we'll talk to a

goldman sachs economist who says the spending boom is not too big plus disney goes dark details on this carriage dispute with YouTube TV that has left customers

without ESPN and ABC going into a big weekend of sports.

Let's start, though, with the results from those two tech mega caps.

McKenzie Segalis is covering Amazon stocks spike this morning.

Steve Kovac has got the Apple story for us as well.

McKenzie, we'll start with you on Amazon.

Hey, David.

So Amazon shares are popping 12% all thanks to its cloud comeback story.

AWS grew just over 20%, its fastest pace since early 2022, and beat even the most bullish whisper numbers with 33 billion in revenue.

That helped ease concerns that Amazon was slipping in the cloud wars, especially after Google and Microsoft posted even stronger year-over-year percentage growth.

Now, CEO Andy Jassy, he says that demand is strong across both AI and traditional workloads, and

that Amazon is scaling compute to meet it.

Now, he told investors he expects AWS to sustain this momentum for a while, taking the

company up for its first ever $200 billion plus quarter in Q4.

Backlog, that's now at $200 billion, not including October's unannounced deals, which apparently exceeded the entire Q3 volume.

So this wasn't just a rebound, it was a referendum.

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