Amazon Surges on Earnings, Ford Misses, Inflation Watch & the Fed 10/27/23
Jim Cramer and David Faber capped a busy week of earnings with reaction to Amazon shares' sharp jump on better-than-expected Q3 results. The anchors explored where AWS and AI fit into the picture. Ford shares fell after a quarterly miss, including a wider loss in its EV unit. The automaker also withdrew 2023 guidance pending ratification of its tentative labor agreement with the UAW. Also in focus: Reaction to Core PCE -- the Fed's preferred inflation gauge, Intel surges, Exxon Mobil and Chevron earnings, solar stocks burned again, Chipotle's CEO take on GLP-1 drugs, Jamie Dimon's stock sale plan, Israel-Hamas war, FTX founder Sam Bankman-Fried testifies at his fraud trial.