>> hot wheels was crushing it. they don't even have the movies. the barbie movie in there. i like it. >> can't wait for that will be pretty >> disappointing first game in houston. the pullout game -- >> absolutely, got it. >> it is amazing. she knows. >> i know you're i'm here to level the playing field for all investors. i promise to help you find it. mad money starts now. hey i'm kramer. welcome to mad money. my job is not just to entertain you but educate you. call me or tweet me at jim

kramer. okay. i can't take it anymore i have had it. i'm tired of talking about the kind of recession we are going to have, an endless topic. a sensational day where the dow inched up 160 points. the nasdaq gained 1.36%. wow. what a run we have had. tonight i'm settling everything. tonight i figured it out. tonight i'm getting graphic. tonight i'm explaining what everybody keeps dancing around when we talk stocks by using props to make it come to life. in front of you, i have -- i will say this wrong because i'm from philadelphia. very three different salsas, the mild, the spicey and the ultra hot. these are the choices right here. almost nobody talks about avoiding recession anymore because the fed slamming the brakes so aggressively. it's just going to be one of

these recession sauces. the temperature of which symbolizing the depth of the recession. the size of the dip, if you will, and if you bet [inaudible] if you get the wrong sauce -- that will cost you some money. as i recover from what turned out to be hotter than i thought let's run through each variety and what you do with them starting with the one that doesn't give you a stroke. the mild. now for the past eight days this market has been trading with -- we are headed for a mild recession. because of the baggies. i should be calling this wells fargo. we have heard from a number of banks in the last week. they focus on what you may hear the consumer has dynamite balance sheet. most aren't feeling any down turn. it's true.

they aren't. now of course there's a number of people that have it tougher and i won't deny that at all. most people if you look -- you talk to bank of america you -- if you just talk to -- jp morgan they will tell you the consume certify in great shape. when you consider the strong job market ask all the money people save during the pandemic it's possible that consumer can ride out a wave of disappointment. we don't trade the consumer do we? isn't what we do here. not here in the new york stock exchange. like the consumer, like -- they are called companies. companies will still have a down turn but many stocks are already come down hard in anticipation of a deeper recession. they are acting quite well because they are down so much. mike run technology. here is a commodity chip maker with the stock that plunged to the 90s, the 50s and anticipation of a big slow down

in orders. when micro reported reported an okay number. then is slashed its forecast. the stock goes down for 10 minutes. from the high 50s down to 53 and next thing you know back to 63. why? micron was already trading like we headed for a spicey -- nobody was hut making production recession f you think it's only going to be mild then the stocks deserve a trade in the 60s or maybe in the 70s where i think it's going and then dr horton. dr. horton. the largest home builder. horton reported earnings this morning that were better than expected. then talked about elevated cancellations and a moderation in demand.

also brought back stocks. let's see. how much is it down? $2? $5? $8? no more. it was up. it was up because the stock was already very cheap. the more on -- i mentioned part -- selling less than five times earnings. what is that worth? it actually soars 3.76%. even better, okay, so now we have to start talking this is about anticipation. people anticipated. save it. now we have been dealing with this mild recession mind set for over a week now. it is taking up a lot of stocks. especially the bigger tech like the semi conductors. so it's not just about endless -- about micron. let me go more worldwide. i could make a good case for buying the stock of amazon in a mild recession. amazon which -- in health care today. see that one? makes it easier to see a

doctor. okay. it traded at 188 in november. now it's at 124. that's crazy. this is a pretty good company. they have retail which matters because it's one of the few that can get through a mild recession with flying colors. the others cosco. amazon has advertising which is doing quite well by the way. then finally amazon web services with cloud which is going gang busters. certainly a lot better than the absolutely pathetic [inaudible] which imported tonight and remember you cannot buy traditional retail stocks. it costs too much. you know what else comes to mind? disney. yeah. it just -- i mean let's face it. this stock is down to $102. it finally lifted its head north of 100. i think it fits the mild recession theory. it's stock is down huge reflecting a severe recession. not a moderate recession.

being dragged down by netflix because it has a streaming service. we have seen that's theme parks are jammed. it's what i call a chicken growth stock for those who want to buy a bounce back candidate. nobody is canceling their tickets to go to disney. you know what i smell? upgrades. now how about a hotter sauce? if wall street starts assuming we are headed for a spiceyer recession, not just a mild down turn then you will have to pull in the happying a bit. in the spicey situation you can buy the higher yielding stocks as interest rates will start to trend down, reducing the bond market competition. have you to only buy high yielders that can still make their numbers. to me, that means the oils. yeah, because they will have the highest yielding stocks. by the -- this stock is getting killed. i can't even say hard for me to look at. like putting hot sauce on my

eyes. don't do that. pioneer natural resources which is down huge from its highs. i like them because they have a dividend. they throw a ton of money at you when times good and even with oil pulling back to 96 today things very good. they are a low cost operator. i like the half oil, half natural gas company with the stock down barely. it should be able to -- easy crush. we would have said good-bye. we aren't. we are investors. we are going long term. morning meeting, whatever you want. what makes me feel confident about the oil? if we get a spice year he are session, this kind. it'll be -- it'll be -- it'll be because of the war in ukraine the war in ukraine is also the reason why [inaudible] why they have a global oil and gas shortage. the oils the ideal hedge. that's what i tell people. if things go bad these will make you [inaudible]. you may also want to buy the

dollar stores in deep recession. namely dollar tree and dollar general as that is when consumers like to trade down. another represents a false bargin. their candy aisle is to die for. i'm -- i'm temperaturing you like they have every candy -- like the historical ones. remember that? they are there. these stocks do go higher. during a period of medium. restaurant stock. finally. now what happens if we are headed for an ultra hot recession? meaning a real picante? one that burns you not once, but twice. that case you would have to buy the [inaudible]. we own a lot of these. they are doing so badly today because it's such a good day. i don't want to take any of these possibilities off the table. they are all with in the realm of what you can buy.

we know the fed will raise interest rates by 76 base points next week and maybe again in september after their august break. wouldn't you love to be two months off? can't beat that. more aggressive rate hikes to curb inflation then stocks like micron and dr horton will be destroyed, we won't want to earn them. you know they are selling at 20 times was those numbers will be cut by a real mouth burner of a are you september the industrials will crush them. what's safe in an ultra hot recession? what can you buy if someone comes to you and just says you are only allowed to eat this i think johnson and johnson fits. it just reported a better than expected quarter. j and j is splitting two entities. it's consumer product business and it's drug and medical device and the stocks are now down huge from its high last month. the only crime it's committed

has been rotating the hottest sauce to the mildest sauce. like i'm not -- you know what, don't confuse me with this cooking shows. or that show the bear. i can't day away from that show. j and j doesn't fit the mild situation that wall street is anticipating right now f you want a diverse portfolio you can't just bet on a single flavor. you need something for every possibility. you know just because i'm a charityible guy you can buy pepsco in this darker situation because this company belongs to pepsi. they just had great -- people still drink soda and it's raw costs will come down. finally i like consolation brands. beer does bet america a recession than not. corona, pacifica, that's a long neck. kids like to over pay for that

one. alarmly well with kids over 21. playerly well in texas where it does well. that's where it's major markets are and it's unusually hot. that's fabulous beer weather. consolation hit with a wave of insider selling long side -- that's okay. its been widely telegraphed. sitting on the shares. think the stocks can rebound eventually. don't pay up because the [inaudible] will keep knocking down. giving you the business with the sales. get better prices. here we go. we have mild, okay? we have moderate. yeah. that's me. we have severe. these are the choices okay? this is it. no more is like what -- be serious, be a dozy. we gave you the whole thing. can we avoid a recession? there's always the chance for no sauce at all in which case the diverse portfolio won't hurt you but to avoid a recession you need the war in ukraine to end and you need the

chinese economy to come back online. you also need the dollar to come down. don't hold your breath. especially if you have the ceyenne sauce in your mouth. bottom line. it's the recession, stupid. right now it's just the temperature that matters. doug in new york. >> hey. how we doing today? >> i'm -- never been better. what the going on? >> listen. congratulations on your new digs there. i hope they got the ac working for you. >> man this is unbelievable here. you can imagine this -- you know i slept here last night. it's din mite. they don't make me leave. i never have to go home. it's great. my don't have to worry about that. what's going on? >> calling about an old friend of ours that has been -- taking on a real beating lately. i know how you are feeling about companies that aren't making money right now.

i'm talking about julio. hopefully they will be cash positive by next year. they are making a big splash in the canadian market. >> they are doing all that. are you right. it's just they are still loosing money. i can't -- i have to be true to my word. i got to be true to my word. i'm saying that if they aren't making money they are not going to get my approval even identify think they are good. i will say this. if you are one to own that for 18 months i think you will do. do very well. that's a long time in this world. let's go over to again. just in case someone says i didn't hear what he had to say. mild, spicey, mad hot. this three possible kinds of recessions we face. there's always a -- a chance to avoid a recession all together but i wouldn't hold your breath. tonight a big night of earnings. this dow have what it takes to be a good corporate citizen and a good investment? ly check in with the ceo and then mattel reported after the bell and i break down the numbers and tractor supply fell

today after reporting quarter results. does [inaudible] say no to it? why don't we dig in with the ceo and i may suggest you that stay within [inaudible].

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see the stock plunge from $71 to $51 today because of recession fears. i think was a -- not supposed to own industrials. it got hit off the good numbers but talk about a dynamic environment which is code for it may not be that great in the future. i think that's why dow stock got hit today. at these level, 5.4% yield is it possible its being punished too much we got a chance to speak to the chairman and ceo of dell. take a look. you certainly did the number you that said you would and then some paying down a lot of debt. yet the response is muted. is this just because people are too negative about the overall economy? >> it was a good quarter. the team did a great job to

deliver in a dynamic environment. we had china, covid lockdowns in the second quarter and obviously europe was under pressure in the second quarter. that's a really good result. people are concerned, i believe, about what is coming in the second half of the year. demand in a lot of areas is still pretty robust. consumer strong, consumer discretionary is strong. packaging business which is a big part of our franchise is strong. mobility though limited by logistics and chip supply is still showing growth and if china opens up that's a big growth area. i think in 3rd and 4th quart we are he will see china gpd between 4 and 5%. that will be a quarter over quarter. we will see some pressure obviously in europe based open energy and infrastructure still good. that drives a portion of what we do in that sector.

>> you know i have to tell you. to me, when i looked at what people were doing i think that there -- a lot of the people were -- must think we are going down the severe recession. using what you just set out even if things go bad it feels like it can only be mild. there's too much strength worldwide to think that there couldn't be growth without much inflation. >> we are well positioned. we made investments early cycle and low cost region. we are well positioned. oil, i'm -- pretty bullish on oil. i don't see much supply coming. the demand for oil has been strong. so, the oil to gas spreads are at about $70 per barrel of oil. i think that oil will remain strong. obviously people are concerned about natural gas and at about europe's energy acquisition. our foot print in canada, the

united states, latin america, the middle east, really helps us a lot and we have stock flexible in that -- as well so relative to european competition, relatively advantaged there. we will obviously have to manage through the wintertime. >> you know i guess to go to when i really care about here. you have growth and decarbonization. largest asset manager. is he really going for that and growth and said that is probably the prevalent theme right now among particularly young erin vestors. you are spending, we mentioned about this last time. a lot of money, dec apbonizing and yet still growing. that's the story. >> we are progressing the strategy. we have a billion dollars a year of cap x ear marked for

that. the large project and -- in alberta is underway. we have projects in europe right now to decarbaniza -- and we are working on projects in the americas as well. we have more than 900 mega wats of purchase, power purchase agreements. that helps us so we are well on our way to that. we have 30% reduction from 2005 levels by 20330 and we have a clear line of sight to deliver that and grow the bottom line by $3 billion. we have taken our earnings corridor from 6 to 12 billion through the cycle up to 9 to 15 approximate billion dollars and our balance sheet is as strong as ever. the free cash flow has more than tripled since spend. we have less than a billion dollars of long term maturity due to 2027. you know we have essentially a

very clean balance sheet and we are moving in to our organic investment. that's good. we have improved economics and peak economies and that is what you want someone like us to do some this environment. >> at the same time when you do a net zero plan, i mentioned this to younger people and they say he is just buying credit. there can't be a net zero plan. that's just not understanding the technology that you developed, correct? >> we are actually -- reducing actual carbon emissions scope 1 and 2 by more than 90%. we are not doing it with off sets. we are doing it with tech november guilty investment. our crackers, it's alternative technologies for energy in longer term its looking at alternative electricity to be able to fire an electric cracker furnace. we just started up a pilot plan

in the netherlands with shell last quarter. we are working on that aspect of it. we are also working on circulation with plastics. today we announced 600,000-tons per year of investments with euro technology will be the off taker. they will build the assets but these will be the largest world scale assets for advanced recycling abilities. that's two thirds of our 2030 goal of a million metric tons of recycled plastic products. we are starting to see a big step change in the size and scale of these projects. >> i want to say congratulations to you. this is -- a remarkable achievement. you still -- you have growth and decarbon and probably i would say more than anyone i speak do. you should be proud, jim. jim, chairman ceo of -- always great to have you on this show, sir. >> great to see you, jim.

thank you. >> thank you. >> coming up, time to tanker with the toy stock? game on with mattel next.

have sign their stocks fall apart this year. mattel one of the best turn around stories out there. they made a killing during lockdown as parents bought toys to keep their kids entertained. you would think they would slow down but their stock is still up 12% for the year even as it pulled back a few dollars in recent months bases on worries about higher costs and weaker consumer spending. tonight though they reported great quarter, a big top and

bottom line. while management left the four year forecast unchanged which is why the stock is down a bit after hours i think they are just being careful. could they have more upside? we checked in with the c eric oh, of mattel to get a better read on the quarter and what comes next. >> are you spoiling us once again. accelerating revenue growth when almost no other company has it. how are you doing this? >> yes. this was another great set of results mattel with our quarter of top line growth. adjusted operating income up 82%. in spite of high inflation. following the record first half, we expect continued growth in the second half and a planning for increase in consumer demand in the holiday season. all in all very happy with the position and expect to win market share going forward. ist giften what you just said i

may have expected you to raise guidance for the second half. should i just get comfort you that are being conservative. what you just said should put you higher than the current forecast. >> we are -- first year guidance for strong top line growth and increase profit in spite significant inflation and negative currency so we have very happy with our position. we have new product innovation and back half of the year together with additional space. expect strong consumer performance and increasing consumer demand. >> what i like always something new they are describing, these -- blow out results from action figures, new action tag figures. some of these bans have been around a long time. why do they start again?

>> we saw great results in our action previous category led by jurassic world, minion masters of the universe this really sticks to our ability to manage franchises. really drive evergreen, ever brands and turn them into long term success. this is something we do really well and how we leverage our creative abilities. global supply change and commercial capacity to drive, to drive this brand and position matt, l as a partner of choice where the major entertainment companies. >> the one area that i -- i would have liked more growth but you always have a lot of things cooking, was dolls. i want to be sure that dolls on course particularly because you have dolls in outer space. i mean how you can beat that? >> that's right. category grew 5% led by barbie

and polly pocket. barbie grew 7% and another very strong performance with barbix what is special now is that today we wrap photography for the barbi, movie a year before we release it worldwide with our partners warner brothers and we could not be more excited about the vision and creative execution with our lead tars in the movie who will be shaping up to be an iconic cultural event. we have very excited about the barbi, movie. look out for that. >> when i first -- met you you said this would happen. you also said it wouldn't be one and done. that there are other things, other movie that you have, i mean to me i don't know what you are doing with elon musk and space x but i want to see barbi, in space. i want to see the carbon nuetral barbi, with dr. jane godall. have you a lot of good cultural

aspects. >> we do a really good job of infusing brand purpose into all of our bans and categories and continue to build the emotional connection with our consumers. this is a clip out of the strategy as we continue to grow the choice out of the business, we also building -- putting together a strategy and continue to see growth in our ip and capturing -- value in our incredible franchises outside of the toy aisle. this is all driven by very clear brand purpose, cultural relevance and great product out there. >> i will talk about cultural relevance. there's a lot of people who say it's all plastic. it just ends newspaper a landfill. you have doll that will be made from recycled ocean found plastic. your goals, your goals are

extraordinary. i would they they are hard to pull off. you think are you okay? >> if we take our role ace responsible corporate citizen very seriously. our aim is to have a more sustainable future. we continue to make progress on all of these fronts including as you said, creating and developing sustainable product, made from recycled, plastics and our goal is very clear about that to achieve 100% of our product in packaging made of this material by 2030. and jane goodall is a great example of how we created the doll from ocean bound plastic. recycled ocean bound plastic and we will do more of that and you will see that in the coming period. >> what i want you to do is i want to you come. i want you to bring the barbie

that went thiso space. then have you to bring the jane goodall. i still think that younger people are afraid to buy mattel stock. obviously it's [inaudible] because its been great. i -- you are doing so much more than everybody else to try to decarbonize. you deserve credit and i think your credit will go high father people know how much you are doing. >> thank you for saying that. we really executing a clear strategy on the corporate side is to grow our ip driven toy business and expand our enter taintment offering. you have been following the story for a while and you see how we consistently execute in our strategy and continue to see great growth and including mattel now in growth mode. we go beyond that and really take -- as -- and take our role and responsibility to -- consumer and contribute to a better world. we sell proconduct to young

audience, to children, and families trust us. we are develop a very important relationship with parents that is built on trust that we will do the right thing and continue to infuse important messages, important social messages into our product and embed that as part of a experience for cobb supers and that's been a key part of our success today. >> it's worked all the way. it's the thing we have come to can't. as i said you are spoiling us with these great numbers. that's in your dna. chairman and c eric o of mattel with another great quarter. great to see you. >> thank you so much. coming up, don't farm your homework out to someone else. tractor supply. next.

a brutal market for retailers. caught between higher costs and then maybe weakening consumer spending. some of the best names in the space. lifestyle changing [inaudible]. let's go back from $241 at it's peak in march of -- $198 now. 198? nearly $9 a -- [inaudible] i don't know what went wrong n early june tractor supply announced most of the good second quarter numbers we saw today. that's right. they preannounced. we knew what they were going to do and that crossed the raise of the estimates but the rest of june didn't go as well. it was all over the country and that may have operated costs of basically just made things not as great as we thought. not bad. while tractor supply still --

and raises for your forecast, that forecast still came in below what some of the -- were looking for. now you know what happened. still i think that is exactly why it could be a buying opportunity. assuming only headed for a yes, a mild recession. i don't want to you take it from me. i want you to talk to one of my favorite merchants in the world. the president and ceo of tractor supply to learn more about the quarter and the -- [inaudible] for the future. welcome back to mad money. >> thank you for having me back on the show. congratulations on your new set. look forward to -- up there anden joining the show in person. >> i know from your previous job you have a great eye because you have not just been in tractor supply. have you been at macy's and had to be -- one of the great merchants and of course home depot let's clarify things for people. you did your -- you were the only retail tear said things going better than expected then have you a drought in the cadence of the next fund. people on air were saying it

was disappointing. there was nothing disappointing. you said things were good. >> we had a record breaking sales, record breaking earnings, record breaking customer counts. you know the team did a great job navigating the number of macro economic factors that were out there and in addition to sales and earning we have the -- in to the second half of the year with great visibility in to the expenses and inventory in line and right on plan it was a very good quarter. just hat off to the team members. >> i want my tractor supply hat today. since 1938. i wear it everywhere because i'm proud -- you know i got one on -- to a jersey and it's just beautiful. i talk about what was really great about the quarter. a lot of people called you a pandemic stock as you if you were a peleton -- i like spotify but you know what i mean. the real -- and back to the

land self reliance themes have accelerated and we did -- you get to work from home but we uncontinue to want to work in rural areas. how did it come about as not just being a fad? >> yeah. thank you. it's a great point. we saw significant increase in our sales in 2020 and 2021. then our business has kind of levels back into a very steady cadence in the mitt single digit coms. it was very stable in q1 in the midsingle -- and very stable in q2. that's the peculiar as we move forward. if you look back over history this is a business that's demand driven. it's need base. you know we are -- the grocery store in many ways for our customers the largest seller of animal feed as an example in the united states. and over the last 30 years every single year for the last 30 years we have had positive revenue youth and every year for the last 30 years we had

positive transactions. it's just a very stable and very consistent business and we have returned to that post pandemic liftst. >> you mentioned that you are the largest -- there were some questions on the call about how wheat seems to have crested but you weren't sure. you didn't give us an inflation is subdude or over story at all in the stock. realist or just a basically -- acceptance of what is going on in the world? >> i think that our theme has been the inflation persisted consistent. we don't see in the next six to nine months, much moderation. you know perhaps from high single digits in to -- the set on the call the big thing we are watching is ppi. ppi has got to start to turn before cpi turns. you know -- ppi is a great proxy for all the costs we had

as retailers in terms of whole sale prices we are paying when -- once you start to see ppi moderate we will see ppi moderate as with respect to commodity, you know corn and wheat have had some pull back in the last couple weeks. those are big -- in pet food and other feeds we sell. i think that's jury is out if you will hold. there's a lot of assumptions on yield, on costs, and ukraine and brazil and other factor that go into play. i think that's jury is still out on how that will play out for the back half of the year. >> one last question. you know i'm a [inaudible] done it for 38 years. the other guys don't cater to me enough. you have really pivoted. i now feel like i'm not an after thought when i go to my tractor supply. can you pivot even more? because i don't want to go to where there is plants that are dying outside because they haven't been watered and i don't feel like i'm in anything other than an anti room to

another store. >> i appreciate the call out on the garden centers we have been building. our -- we have had a bright 84 year history. we think our future attract is just as bright. we are investing year nearly $700 million to capitol in the business. that is up from 275 million in 2019. one of those big areas of convenient met sent the build out of garden centers. we exited 230 garden centers, a little over 10% of the chain. we are looking to have over 15% of our chain built out with garden centers by the end of the year. its been a big home run with the customers. we are seeing new customers flock to them. they are driving people in to the stores as a destination category. it is bleeding over to the inside of the store and we are staffing them with garden center specialists and we are really take catering off to our customer. more fruit trees, more vegetables, shrubs and the

trees for land and pastures. they have over delivered on the results today. our expectations. we are bullish on them. >> it's a joy. i don't feel like a second class guy when i try to raise tomat oh, s and try to raise my cucumbers. that quarter was a good one and this is a long term story. mad money is back after the break. coming up your calls on the lightning round. next. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network.

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it's time. [inaudible]. then are you ready? let's talk about adrin in florida. >> jim. how you doing today? >> counted be better. how about you? >> can't complain. just curious what your thoughts are on the integrated shipping the $11 dividends $50 eps. >> that stock. that stock could be cut in half. that's the problem. that is why the dividend is a bit of a sucker play. i would be very careful with that one. that's my own view. a lot of people like it. let's go to steve in texas. steve. >> hey jim. appreciate you taking my call. > >> abgo. >> okay i want to use -- i want to use their charging station his get on electric car. i don't know if i want to own

the stock because they make no money. craig in pennsylvania. >> how you doing today? >> i don't know. going to training camp soon. how about you? >> i'm doing wonderful. i'm doing fantastic. i want to tell you about a stock that i purchased a while ago. i have a pretty good game right now. it's about 11% that i'm up. i wanted to know identify should wait for a pull back before i go back in or if i should just go right now with bc properties. >> i know -- i love that company. i recommended it when it was at 15. you stay along that bad boy. we aren't done. let's go to josh in indiana. josh. >> jimmy. how you doing? got a -- my friends at sticker tape and fulton trade, i'm. >> two of my favorites. i always talk about them when i'm watching a bear. what the going on? >> we have been going around and looking for a great

dividend stock. i was looking at vale. what do you think? >> valet? i think that this -- this is not the time in the cycle. the business cycle. that is the conclusion of the lightning round. >> the lightning round is sponsored by gm trade. coming up, why knowing the language of the ceo may save you a fortune. next.

? you need to know wall street double speak. i'm talking abhijit the secret codes that ce o's use to signal when business is weak. let me give you a lesson. they had so many good things to say about the quarter which was a solid beat fueled by strength many in different markets. packaging particular stand out and continued to strengthen that balance sheet. something we always want to hear when the economy may be going into recession. several times management said that things -- and i quote dynamic. you may assume that's a good word. then this hit me. dynamic is bad. you don't want things to be

dynamic hen are you running a business. you want them to be consistent. dynamic means things subject to change and that can be bad. i think the term dynamic is what pulled their stock down. a software company, they had a good quart we are a lot of sign ups and reups but they also mentioned there was an elongation sot sale cycle. another term that could be good or bad depending on what you are talking about. it's real bad t means its taking longer to close deals. there were many possible -- but they on that blotting out any good. what if stocks down 64% of the year. i don't love this double speak. when companies deviate their stocks get hit even harder. take at&t. customers taking a little long tore pay their bills. something like two days to

collect customer d costing them almost a billion dollars. they talked about extending collecting but that's not a -- the stock dropped almost 8% because if they are having trouble now imagine how they will do in a world with higher unemployment. att should have gone with elongated cycle. then another one. moderation. could be good. could be bad. moderation orders very bad. we aren't talking about all things in moderation. we are talking orders, moderating, going from good to worse. some words are obvious. just the loss of customers. going to say things bad. or better -- how about this?

now you know some of the worst they like to use to moderate. your losses about to get elongated. there's also the more market president biden has covid, and former president trump, the focus of tonight's prime time january 6th committee hearing. i'm shepard smith. this is the news on cnbc >> hey, folks, guess you heard this morning i tested positive for covid. >> the president's symptom, his treatment and the white house plan plus the push to boost the covid vaccine message. >> if you have not gotten a vaccine shot in the year 2022, you need to go get one. >> during the insurrection at the capitol, what was president trump doing? >> it was my understanding he was watching television. >> the new video from white house insiders, and the