AMZN, GOOGL: CEO's Know They Have To Be More Profitable

This isn't really an Amazon (AMZN) story anymore, says David Nelson. He discusses how Amazon will reportedly lay off 10,000 workers. He talks about how these layoffs are making a larger statement about tech and outsized growth in the sector. He notes that CEOs have gotten the message to be more profitable. He goes over what tech layoffs mean for the economic outlook. he also says that Alphabet (GOOGL) is the best big tech name. Tune in to find out more about the stock market today.