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Which is how you get to the dow today where it lost 129 points, 5. 3 of the nasdaq nose dive 1 . But the first two weeks of earnings season things were pretty straightforward sure this economy might be slowing down, but the consumer was doing so great backed by a strong job market, higher stock prices and i have to tell you, it was offsetting any industrial weakness hallelujah. This week its a totally different story. The markets no longer on its meds while twothirds of our economy is consumer oriented indeed, the other third has gotten so bad so fast its crying out for some kind of government intervention. Thats what caused todays weakness because the nonconsumer economy is plain worrisome. Tonight were speaking to electric power thats the largest Transmission Power Company in the whole country. If youre trying to get a read on the economy, theres Nothing Better ....
Guy adami. Yes, mel. What is your take on this big surprise you know, dan, i and karen were talking before the show tim gets here typically with 40 seconds to hey. It is true. I said this quarter came out of nowhere and dan made fun of me as he typically does. The eps beat is extraordinary, beat on revenue. Good for them. Stock buy back operating margins 24 . I said to karen, i dont know, you can make this argument, i dont know if it is true or not. Google, alphabet may be cheap you now than with the move yesterday. To karens point she said to me, it might make more sense to buy it today, up 90, than at the levels it was. I havent gone through the mass, i dont know how much one would adjust the earnings up what is happening here is google was in the penalty box after the disappointing quarter that they reported last time, and they didnt seem to have either a grand handle on it or they werent they were not able to convey confidence that, you know, this was a temporary thing and that the ....
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