Luke Vargas

Amazon stock is down more than 7% off hours after the company announced a nearly 60% jump in its planned AI spending, far higher than Wall Street had been expecting.

At the same time, year over year, cloud computing growth of 24% came in below Microsoft's 39% and Alphabet's 48%.

Amazon has said that growth rates don't fully capture its standing in the industry.

And CFO Brian Olsavsky tried to convince investors that AI spending would pay off.

But that hasn't satisfied investors, as AI spending concerns feed a wider downturn in European and Asian markets this morning.

Korea's tech-heavy index even halted trading at one point as stocks slumped.

That follows another sell-off in U.S.

software stocks yesterday after Anthropic released a new AI model with upgraded data analysis, coding, and product management functions.

Meanwhile, shares of Jeepmaker Stellantis are plunging today to lows not seen since the start of the pandemic.

To blame, an announced $26 billion in written-off investments after the company overestimated demand for EVs in the U.S.

Those charges exceed similar recent write-downs by Ford and GM.

And so much for Jobs Friday.

Thanks to the latest government shutdown that ended on Tuesday, investors won't be getting a look at January's jobs report today as scheduled.

Instead, the Bureau of Labor Statistics will publish the data on Wednesday, shifting the release of January inflation data to next Friday instead.

According to Journal Economics reporter Matt Grossman, investors may need to come to terms with delays to official data, given that four of the last five jobs reports have been delayed in some fashion.

Well, who better to provide insights on the job market than you, our listeners?

Whether you're hiring, firing, happily or worriedly employed, looking for a promotion or a new job altogether, we'd love to hear your impressions of the labor market or help to track down an answer to a question on your mind.

To weigh in, email us a voice memo to WNPOD at WSJ.com.

And make sure to include your full name and location so we can use your comments on the show.

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