EARNINGS ALERT: AMZN, ABNB

Amazon (AMZN) shares slide lower on a slight earnings beat above Street estimates. Alex Coffey suggests this could be a "margin story" as investors react to the e-commerce company's profit outlook in a new tariff environment. Caroline Woods adds that usually one earnings story for Amazon surrounds its AWS cloud business - not tariffs impact - but this quarter has presented a different headwind. AWS Sales checked in at $29.3B, up more than 17% year over year, while its Ad business grew 19% in 1Q. Then, for Airbnb (ABNB), Caroline notes the travel stock's drop is likely due to its weak guidance.

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