Amazon Layoffs, Votes for House Speaker, and Chinese Tech Stock Gains 01/05/23

Amazon is raising the number of employees it plans to lay off, with job cuts focused on the company's e-commerce business, human resources, and technology. Arete Research's Richard Kramer explains the outlook. Plus, Republican congressman Kevin McCarthy is set to try and secure enough votes to become House Speaker for a third straight day. Stifel's Brian Gardner gives the latest. And, big gains in Chinese tech stocks may be signaling that the government's wide-ranging crackdown on tech and other sectors may be nearing an end. Krane Shares' Brendan Ahern discusses whether China is investable again. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.