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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Stocks were under heavy pressure Friday after a much weaker-than-expected jobs report. That has investors questioning whether Fed Chairman Jerome Powell’s decision to hold rates steady Wednesday was the right move. As a result, expectations for a September rate cut are rising. Jim Cramer called the jobs numbers “jarring” and urged Powell to cut rates. Adding to the uncertainty, President Donald Trump announced new tariffs on several countries as Friday’s deadline arrived. A pullback in the AI trade that’s been driving the market higher also cooled, driven in part by the nearly 8% post-earnings drop in Amazon shares. 2. Cramer said the big Amazon decline is an “amazing buying opportunity.” The market reaction followed mixed guidance, delivered Thursday evening, and growth concerns about its Amazon Web Services cloud business. AWS reported 17.5% year-over-year growth. While solid, that figure did not meet the high bar set by Microsoft’s Azure cloud growth of 39% or Google Cloud’s 32%. Jim believes AWS sentiment turned negative after CEO Andy Jassy responded to a cloud question on the call by proceeding to “wax about things that weren’t as related to Amazon Web Services.” That left the market thinking the unit may not be as strong as expected. “That’s not the case,” Jim said. “I don’t want people to get mixed messages at all. It was a very good number.” On “Squawk on the Street,” Jim said he would “buy Amazon hand over fist.” 3. Shares of Apple were trending lower despite delivering an excellent quarter. Jim highlighted the iPhone maker’s better-than-expected performance, particularly in China, where smartphone competition is fierce. However, what put a cap on the stock is the company’s lack of direction about its AI strategy. Jim spoke with CEO Tim Cook after earnings Thursday evening about the company’s AI roadmap. Jim said he came away more confident that Apple is open to a deal with an external partner to enhance its AI capabilities if the right opportunity were to arise. 4. Stocks covered in Friday’s rapid fire at the end of the video were: Chevron , Reddit , Clorox , Coinbase , and Figma . (Jim Cramer’s Charitable Trust is long AMZN, AAPL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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