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Transcripts For CNBC Mad Money 20140806

Gaining 14 points, s p, and the nasdaq climbing. 05 . You have to admit its pretty amazing, especially because at one point we looked like we could be down at least a percent from the get go and slide even further. Just think of everything thats gone wrong in the last 24 hours. First of all, sprint walked away from buying tmobile which totally wrecked the big consolidation play that couldve led to stable pricing and more profits for all the phone companies. Plus, the new company, sprint, will have to spend even more money to complete its next generation buildout. The idea was you can tag team with tmobile and not have to spend so much money. The crushing of sprint down nearly 19 today. Shocked those who were betting the deal was basically done even as tmobile, which was down 8. 4 have been playing very close to the vest recently. The justice departments involvement in blocking the steel suggests the antitrust regulators might be making a comeback. Big huge ugly negative. That was sprin

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