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Amazon's (AMZN) annual Prime Day sale — the online retail extravaganza that sees site-wide deals and discounts on a myriad of products — kicks off this week from Tuesday, July 16, and lasts until Wednesday, July 17. The two-day event sees major discounting on Amazon-branded products and third-party goods, an optimal time for Amazon customers to purchase top-of-the-line electronics and tech.

CNET managing editor Nick Wolny joins Wealth! to discuss the best deals consumers can look forward to for Amazon's Prime Day and how the e-commerce platform is leveraging "invite-only" deals to create scarcity for through aggressive price cuts.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino