Depending on your political persuasion -- or how much you're invested in cryptocurrency -- the recent bank runs and international move away from the dollar could be signs of a prolonged economic downturn.
But Amazon is at the center of the American retail economy, and CEO Andy Jassy is seeing some interesting behavior from the American consumer.
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"Consumers are spending but they are much more careful about what they are spending on," Jassy told CNBC Thursday. "We see a lot of trading down. You see people trying to save money wherever they can. People are very deal conscious."
But retail is only one part of the U.S. economic equation -- and only one side of Amazon's business model. For enterprise, Jassy is also seeing caution win the day.
"Most companies are trying to find ways, in an uncertain economy, to save money anyway they can. That impacts things like advertising, but also in their technology infrastructure spend," Jassy said.
But Amazon's ambitions go far past just the retail economy.
The company has spent billions turning itself into a prestige film and television studio. The company has also partnered with the NFL to broadcast games for the next decade.
"We're trying to build the best destination and the best collection of streaming video content anywhere. A lot of that will be our own content," Jassy said while mentioning the NFL, Lord of the Rings, and Daisy Jones and the Six" as popular programs on his platform leading the way.
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