Opening Bell: January 20, 2026

Summary

The segment discusses Amazon CEO Andy Jassy's comments from Davos on tariffs and the consumer, including reports that U.S. consumers are bearing most tariff costs. Speakers debate whether tariffs have had the feared economic impact and note companies are not absorbing margins. Jim Cramer highlights that consumers are trading down and Amazon offers many lower-priced options. The opening bell shows a lower market open with broad red on the board.

• Amazon CEO Andy Jassy discussed tariffs and the consumer in Davos.
• Reports suggest U.S. consumers, not exporters, are bearing most tariff costs.
• Speakers note tariffs have not had the feared impact on the economy.
• Companies are not seen eating margins, leaving the trade response unclear.
• Consumers are trading down, and Amazon is cited as a destination for lower-priced goods.
• The opening bell shows a lower market open with broad red on the board.