Cramer's Morning Take: Amazon 4/29/25

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Jim Cramer (1:04)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting. Very strange day, Jeff, because everything looked down at the opening. I mean, everything, even though the futures overnight were good. And a lot of just like crazy news flow, like Amazon is putting out the price of how much is tariffs, or we had the Honeywell we're going to talk about in a second. But, and by the way, can I just say that we've got, we don't talk about the bomb market. Besant suddenly is on, saying we're about to have trade deals. And I just urge calm. And I urge calm, because as I said last night at the top of the show, the upside risk is much greater than the downside risk now. Because I think that the president has woken up to the idea that he's in control of the narrative. Why let it go down anymore? I think things have changed.

Jeff Marks (1:50)

Sure. I mean, to that point, you do need to see trade deals, I suppose, have been waiting on that. Maybe a de-escalation with China. You mentioned bonds. Deals are a little bit lower today. There was some weaker consumer confidence number. Really not a surprise considering a lot of the headlines out there and the tariffs and uncertainty. Although, as we saw from a lot of banks and credit card companies, consumer spending is still pretty good. If anything, there was an uptick, maybe a pull forward.

Jim Cramer (2:17)

Bank of America would say that. Yeah, American Express would say that.

Now, that is highly unusual. There's a great, I would say, disparity between when you read the newspapers about what people think and when you look at what they spend. And for us, what matters is what they spend and their spending as if things aren't bad. I'm not saying it's not spending, things aren't great, but they're just saying it's like, look, right now, maybe you could say it's a rush, Jim. They want to buy the wash machine before the price goes up or you say like I do, which is that, you know what, employment always controls. And as long as I have been in this business, which unfortunately is very, very long, if employment is bad, you're going to get hurt. Well, if employment is good, you're not going to get hurt.

Jeff Marks (2:57)

Yeah, I mean, you mentioned washing machines. I saw an ad yesterday, Raymore and Flanagan get in pre-tariff prices and then you have Amazon. They are reportedly putting the cost of tariffs next to the total price of the products on the site. The White House slammed it this morning. That's why the stock was down even more this morning.

Jim Cramer (3:14)

I got confirmation.

Jeff Marks (3:16)

They called it a hostile and political act.

Jim Cramer (3:18)

But I got confirmation from Walmart earlier today that, okay, he said, no, we're not itemizing. We do have, but we will have increases. So they are not going to, I'd say, land base the president, so to speak, which is what someone might say. To me, Amazon is about transparency. But what worries me about Amazon is, how do we know how much is eaten by Amazon, how much is eaten by Shein or whatever it is? Because that's what I want to know. I mean, if Amazon puts the tariff on, is the tariff part of the mitigated price? Because we talk a lot about mitigated, and this is how companies have been able to deal with it, but we don't know who takes part, who discounts, and that's what I would know. Who's giving me the break?