Caroline Hyde

We're not thinking that there will be any move in terms of rates.

But still there's nervousness.

Nervousness around Iran as well, Ed.

There's a lot to be focusing in on.

But for now, the Nasdaq 100 holds on to its gains of 0.4%.

What are you looking at?

The breaking news story of the morning, Amazon is cutting 16,000 more corporate roles, eliminate middle management, streamline.

It confirms a lot of what Bloomberg had already reported.

The stock kind of bouncing around in the session, now softer by 7 tenths of 1%.

We're going to get to that later in the program and go deep on what's happening in Amazon and tech more broadly.

Then there's ASML.

At one point in the session, up more than 7% and pushing to a fresh record high.

Great blockbuster bookings.

bookending the 13th consecutive year of growth and also doing its own job cuts.

I guess, you know, fix the roof while the sun is shining kind of analogy, Caro.

But now the stock is down softer, two and a half percent.

Something might have been happening on the call.

Yeah, we've got to dig into it because, as you mentioned, 1,700 jobs to go and the Dutch maker of the semiconductor equipment that is sort of world-used says it plans to cut 1,700 roles, around 4% of the workforce.

It's an effort to streamline the organization, the CEO has said.

This is as the company reported earnings that you mentioned showing record fourth quarter bookings, fueled, of course, by AI demand.