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tv   Mad Money  CNBC  July 26, 2022 6:00pm-7:01pm EDT

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orange blazer when i am a yankees fan. >> i like that one too. my final trade is thank god, that could have been so much worse. google, if i earned none, i would buy it right here. my mission is simple. to make you money. i'm here to the credit field for all. mad money starts now. hey, i am cramer. welcome to mad money. i'm doing my thing, i'm just trying to make more money. call me, 1-800-743-cnbc or tweet me @jimcramer . i've been
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thinking like this. every stock just got too expensive. maybe everything is just too high and had to come down. that is certainly how it feels after one more bad day where the dow lost 229 points s&p dropped 1.5%. nasdaq plunged. we are seeing all sorts of squawks. it is all been happening for no apparent reason. tons of de facto guidance cuts where you beat the numbers to the corner but don't you are full year forecast. if you see one saw coming down, you know the rest of them are going to implode too. coming down even harder than the original corporate. of course, many of the problems
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relate to individual companies. look to be very good numbers but not good enough numbers. shone dollar amount? yes. you cannot even get a read when the stocks are right in your face and that is called you to fall back. 45 minutes, i swear to god, the companies do not even know they are good. walmart. announce a huge disappointment lesson, one of the worst i've ever seen. bringing down the entire retail cohort. that is easy because they are all in the same. just like amazon crushing anything that looks like an e- commerce stock. for the most part, the earnings today were actually solid.
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that is what is really confusing. at mcdonald's such a great number. i loved how a giant spin taking healthcare division out. the chip anger with heavy auto a strong raise. all this good news just was not enough. there were too many negatives and stocks may just be too darn high. pushed that whole cohort which had been one of the strongest. it hurt competitors like palo
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alto networks. persistent inflation coupled with a federal deserve, cannot seem to wind no matter what it does. thank you russia's invasion of ukraine, the weakness of china caused by the lockdown. no matter what we do, we cannot escape. that includes the confusing microsoft quarter tonight. i found myself thinking, you know what? a snap. goodness tomorrow when the federal reserve will raise interest rates again. while we have had some relief rallies over the years when the fed tightens and then tends to, let's say, done for now. we are not that far along onto the rate cycle. i am sure the fed is conflicted amongst themselves. i want to put you in the
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dilemma. let's go to the dilemma because it really make sense why even he would be confused. i want you to think on friday, american express, everyone else, great credit broker, reported about the best quarter. there is tremendous money going on, restaurants, going out to go no stopping people from going all over the place especially on people who are using credit cards in incredible numbers. today, walmart stock got crushed because consumer apparently does not have by groceries and by close. walmart seems astonished by the lack of spending. on the one hand, you have a consumer and rising prices of gas, so crippled that all of
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these. on the other hand, the consumer will pay anything to go out. especially because the dollar is so strong. regular people tapped out into the inflation. he wants to the wealthy, not the working person. that makes no sense. if you are j powell, you want 5000 engineers, without raising wages. who could be that good? but, we know that 45 million people switch jobs in the last year. when the entire cost of living is up 9%. think about these things! what does powell do here? or does he say food and gas are
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two i and create more, push prices lower and hope prices come down with that? nobody knows that. when nobody knows, the wall street playbook save sell, sell, sell! especially ahead of a meeting. we know it only takes one misstep. everything is guilty until proven innocent. the feds will have to keep hitting us with a series of big right hikes to keep up with inflation. that means we don't know what anything is for. we have too many things going wrong to be able to make this judgment. we would know that things will get better in europe, russia just needs to and move on. as for china, come to their
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senses and start using good mrna vaccines but it seems that no homegrown. but put it all together. you have an uncertain fate, and uncertain china, and answered in america with rates going up, not down. both of these things tell me that the market and in its entirety, are still too high. it might be worth doing so because there are so many things that can happen in only individual companies. already come down dramatically. to the point where this was good enough. not a great reason to buy jake but not a reason to sell. again, tell you this was
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already placed in two. we do have some genuine upset. look at chipotle in the wake of a fantastic quarter. then again, that is not what you want to see if you're hoping inflation without the whole economy. a sign of recession and we will not have any real insight where this market is headed until tomorrow afternoon. we will get some clarity from the fed. it is just a tough moment for everyone. it does not seem like the time to be heroic.
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i don't think it can be better than that. i don't want you to deepen that. what is up? >> what would be later for my portfolio? home depot are going with a company like tractor supply? i work for both companies, both have a good yield. what you think i should do? >> i don't know if you caught that interview from what he is doing at tractor supply. i think they are terrific. it really is. there, and let me know how they are doing. we do not have to sweat the program like we have to do with home depot right now, lane. tractor supply would be the one for me simply because i do not know how home depot is doing. this is a confusing moment, everybody. will not have any real insight until tomorrow. the real deal, then logic check
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just like the rest of the states, managed to rally. i am taking a personal look we have never seen and how they might be attacking to the bottom line. stay with cramer. don't miss a second of mad money. follow @jimcramer on twitter. have a question? tweet cramer, #mad, tweets. give us a call at 1-800-743- cnbc . miss something? had you madmoney.com.
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it is now been several months since turn against stocks. question i had mandated slowdown. look at newport. not america me out best run manufacturer with a plunge from two. literally, their best numbers ever. only selling. if we only end up having a mild recession, just ridiculously
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cheap and you will have to go by it. he is the president and ceo of nucor . the 50th anniversary on the new york stock exchange. it was a total force interview, take a look. >> i think what makes it just talking is that the analyst expected nothing like this in the even so ask you, how can you be so optimistic? obviously, you are optimistic because the numbers are great.. thank you for having me today. the analyst keep getting it wrong and i think it is if you think. one is the history of this industry as so captivating and it is, they're not viewing us
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for the value of creativity we bring to the market today. secondly, we look at our beat. $9.67 for earnings. it is an industrial company that we are continuing to grow in spaces that offer more resiliency from the traditional still making lane that we have been a part of for so long. we are optimistic because we have an amazing customer base and we are optimistic because our order book is as strong as it is ever been. that is where the results are coming from. >> i spoke with you last year, analyst are expecting you to our nine dollars for the year and you did and one quarter. once again, just an example of how well you think things through around where the puck is going not where the other guys think it is going. >> as a look at the indicator lights out there, too many are looking the headlines instead
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of the balance sheet. they're looking at the headlines and not be cash flow statements. we generated nearly $5 million through the first half of the year. it is unbelievable. again, the rest of the year, we expect to be a record year. it is incredible what our team is going to be able to do and execute on. >> so many companies have chosen not to expand. you keep putting up that are in such high demand that it seems like from the moment they start, you got a full order book for the kind of steal that you are making. how do you know what is the right kind of steal? >> it is a great question in our team does an amazing job. it is to grow in our court, expands beyond the traditional steelmaking lanes which is all about the health and well-being of our team. i don't care about being the biggest. we want to be the biggest and most diverse steelmaker on the
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planet. in the west virginia mill, the automotive sector is really hungry to get that mill operating for today with the cleanest steel anywhere in the world. that is a unique opportunity for edinburg. will be the only mel in the western hemisphere. >> so exciting. i remember when made that steel and that they closed. the size. how are you going to have the size that you need just to make those windmills? >> it is incredible. it is massive. i cannot wait to bring you there. >> i know. it is massive. again, there will be very few competitors in the world that can produce the type of grades and quality that nucor will be able to produce.
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>> they're saying they're going to downstream, they do not know what they are doing. they brought this garage door over their face. >> the business model you are referring to, it is the nucor of overhead doors . there something the market on the head. and is now 10% year-over-year for the last 20 years. it is an amazing team, amazingly run company. again, it is a skill centric business. i cannot wait for the years to come because we are going to be the best, most efficient and most profitable overhead door company in the world. >> for those of us who agreed that terrace allow american companies to thrive, you have
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not raise the price of steel , you've actually kept things even keel. it is great, correct, all of the countries that you listed are not able to just dump the steel and make it so we can't get what we need. >> actually. i'm going to be a tireless advocate. to create a fair and level playing field in this country. when you have countries that illegally dump, the reason we continue to wind cases is that they are doing a horrific job and they are destroying industry after industry. is the largest steelmaker, we are going to continue to advocate for our industry very strongly. >> when i look at the numbers, occasionally the special dividend, you've done it before. maybe that is the right thing to do. >> we have a very purposeful of
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allocations. our five-year average is over 50%. we are going to continue to take great care of the shareholders. are number one priority is organic growth. we are going to stay with the investment-grade and we're going to grow. we are going to grow in ways that few have expected us to grow. again, you mentioned the industrial door company, because nucor has got to be viewed differently, treading in the 10 times range. our third cycle returns are going to prevent. >> i think you are done a wonderful job. it has been a remarkable company. it is not the same as the other guys. great balance sheet, great growth, consistent management people leon is the president of
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nucor , the symbol is in you me. congratulations on 50 years. that is fabulous. stay with cramer. tronic coming up, to the fortunes of these big american companies hinge on overseas performance? cramer is spanning the globe for intel, next. tronic how high a height will cpi and ppi on the rise lead the fed to fall the academy? remarks and analysis on power lunch tomorrow. watch or listen live on the cnbc app. cnbc equity and opportunity bring diverse perspectives to the forefront, shining a spotlight on organization and providing diversity, equity and inclusion. learn more at equityandopportunity.com. visibility for all. everyone loves outdoor
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every day, big decisions are made without full. overloaded by data . compounded by complexity. better decisions are made in the light. with clarity and confidence. is in the business of better decisions. let's talk about currents. so far, the big story of this earnings season all sorts of american companies lots of business overseas. we normally don't care about for the change but the balance got so high versus other currencies that have become impossible to indoor. you never want a stronger
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currency. unfortunately, that is exactly the situation right now and it comes on top of tightening, european paralysis and the war in ukraine. blaming insurance punctuation. two days later, microsoft cut its quarterly. the currency is inherently confusing. fast forward to last week and numerous aven brought down by the dollar. it looks great except that they would've had 60% growth. johnson & johnson put up some healthy numbers. just today, coca-cola had an excellent quarter, 16% organic growth. talk to about a currency in the
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third quarter. it would've been up a lot more. not everyone is getting punished for the currency pop. microsoft and got hit. even the best results from our big international companies. something we need to take into consideration with these currencies are enormous. only so much when we're talking about a four or 5% hit. we need to take this into consideration when we are picking stocks. american companies exposure now have an additional risk that we are not used to. especially because of the general unwillingness. thankfully, put out a report this week in analyzing the entire foreign-exchange exposure. i want to walk you through it because this is just one tremendous piece of research.
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first, let's understand how we got here. when you look at the staller index which managed. let's just say it is been roaring higher for about a year and a half. from january 6 of last year to today, the dollar index is up 20%. i have never seen anything like this. it is just stunning. this is a stunning route. we are talking first world currencies here. most of this is come within the last year. you can see right here, it is just been booming >> reporter:. earlier this month, they had a 20 year high. the dollar amount is so strong. in particular, look at the euro to dollar exchange over the past couple of years. early last year, now they are basically.
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this is a currency. this currency is in decline. serious decline. it matters because gigantic market from american companies and also european companies tend to be our closest competitors. believe me, they know that. how do we adjust? let's circle back to goldman sachs. the companies collectively get 71% of their sales u.s. when you run the numbers, every 10% increase in the dollar trellis into a 2 to 3% earning for the s&p as a whole. basically, the strong dollar has caused more than 2% earnings for the index. the s&p is just going lower. listeners. with discipline in sale results.
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they are especially ward with. half from where their sales from overseas. you have companies like philip morris and international. that is a gold mine. mostly selling to asia. they are some comedies i like very much. nearly 90% international.
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i think you should buy them. a very well run business but 75% international, they owe a lot of that to. 70% international. meta-and alphabet are both in the 50s. i'm not necessarily saying you should give up than half of the sales from overseas. but you need to brace herself for potential revenue spikes. of course, tons of companies
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with currencies not a problem. if anything, they have benefited because it makes the, cheaper. spots nearly today. chipotle has been stuck in a rut for the last year. tonight, amazing quarter. just a part to reorganize, no big deal. and number of healthcare names made the list. you know i like those guys. humana which owns, cvs too.
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ellis you don't have to worry about currency fluctuation. i think it is maybe too cheap to ignore, they have to get it together. now just because the dollar is strong. how can the dollar go down without? it would be quite a surprise. the bottom line, you need to be aware of these foreign-exchange headwinds like never before in my entire career. american companies with tons of international will keep coming this season. the hits are now simply too big to risk. let's go to ron in new york.
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>> hey, jim. hovering in the $30 range. what is your take on this company moving forward and are you comfortable buying at these? thank you. >> i need to hear more from the company. i was very disturbed by the release. they obviously got it wrong. at least they were very self effacing about getting it wrong. they misjudged and they got the e-commerce. before we know more, i have to tell you, i cannot pull the trigger. the hits now are simply too big to ignore. much warhead including from logitech. relief in sight as the stock adjust to new reality?
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i will help you figure out what made it happen. tonight addition of the lightning rods. stay with cramer. on clothing ground, first the action. with exclusive insights and strategies starting at 3:00 eastern. watch or listen live on the cnbc app. a hall of fame like capital group's, there is so much behind it. a lifetime of experience. the curveball. having a whole team behind you. powered by capital burke.
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with capital group, i can. what a moment. hello, hello. what a shot. yes, he did! oh, i have seen it all. this is unbelievable. a little things i have learned over the year in business but, first is, the most important aspect. it teaches you to rely upon the other people that you are working with. international bank has been an integral part of our team. they are key financial advisers that have helped us be
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covid hangover. i said that because last night, what i had to say was a definite quarter. down 39% and guidance for the first time since they issued the forecast in march. why? maybe it is because the stock is so darn cheap. came down from 140 last june to 53 yesterday. coming into the quarter, 12 times earnings. wall street confirmed positive initiative and at 9% of the sure counts. also some encouraging comments about the. with that in mind, will you have to do himself. ceo and president of logitech international. welcome back to mad money.
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>> thank you so much for having me, jim. >> we kind of set the scene as it may be is as bad as it gets and you have to start buying the stock. i also think there are some other things that work. when you cut numbers to numbers, i do search for a catalyst why this is the other than the fact it did not go down on a disappointing. >> the other day, you and i have been talking for a while, focus on. as you know, the last couple of years, we have grown a tremendous amount during the pandemic. right now, i did not do anything. our business is down a bit i do not think that is. people are just not at home.
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i think people will come back to the and they are really getting back to the work. i think we will see ourselves in a matter of time. we have great long-term fundamentals, as you know. big trends including video, hybrid, continued rise of gaming and experience becoming really one of the biggest jobs in the economy. >> you did signal that gaming revenue has come down. if gaming is still strong globally, i am trying to figure out exactly where gaming is in its own cycle. xbox tonight, down but down in its own single digits. ea had a great quarter so i am trying to figure out where the skimming weakness theory comes
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from. >> for us, remember, we are 75% over two years. we can think a lot of people for that. picked up especially, headsets. microphone so they can use their zim calls. people are still going to come back to gaming, they are just not physically sitting at their desk. it is not take much. >> you mentioned that your sales team, especially her enterprise teams, look like they're going to be doing some pretty good things. in the fall, will you be going to the companies that do video? i have to say, i still see people come on our air with people pictures that are so
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awful, i keep thinking, these are your customers but they are not being called on. will that change? >> for four years, we have really focus on selling. that was really our study center of the play focus. now we have expanded that and we are selling webcams. i think we will be able to exploit that pretty well. >> what are we doing in terms of the share we have purchased? some could argue that you are being so aggressive that you must have that this is just. i have not seen you, bracken, by this amount of stock before. >> we think it is a good use of
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our time. bracken, buy this amount of stock before. we had bought a few fost so we will keep looking. we will stay in the work it. we're going to make sure we use it wisely. >> usually you have something new. something no one else has. making these speakers that nobody wants. give me something that i need right now while i am at the pool or when i had the game. give me something. give me something for fantasy football. >> we have got something very important. we just announced drops, ultimate ear drops. their systems, totally custom- made. they have a very high like
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alicia keys or justin timberlake. we just watch them. they are available right now, you can buy them for business. >> i will go to amazon today. i will find another site that has them. bracken darrell, president and ceo of logitech . mad money is back after the break. thank you. what is on her mind, america? give us a call. the lighting round is storming the next. next, i want in a century story as it was relies in the zone. plus, what they believe at the economy. next on cnbc. how do we demonstrate our unmovable strength?
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it is time. lighting round is over, are you ready? thomas in texas, thomas? >> i just wanted to get your follow-up on the offshore dealers, dynamite. >> i always refer to surface stock. you know exactly why we like this, it is incredibly cheap. we have the ceo on last week. let's go to frank in florida. >> things for taking my call. >> yeah. >> thanks to the entire team on the hard work you guys do. >> you so much. how can i help? >> listen, i have a question on a former company that just spun off consumer healthcare
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division to focus on the prescription side including vaccines and major diseases. also created a great dividend. what is your perspective? >> you are a club member so you know that i favor. to companies, great balance sheet go what is not like? great management. any in maryland. kenny? >> jim, i love you so much on. >> my thoughts on till ray? if you wait long enough, two bucks. let's go to richard in new york. richard? >> thank you for taking my call. >> a lot of nice talk lately. i would love my mother to be alive so she could see some of the things they write about her
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son, jimmy. >> he deserves it. listen, something that acquired to go along for some time now. it is been downhill since october. this is insider trading by a cfo as well. apo. >> you know it, does not give me the that i want. i think they were very intelligent on tv and nobody can. we are not done yet. we're going to ruben in california. ruben? >> you are the reason cnbc. i love your enthusiasm and you make me feel that there is hope. >> there is extra >> i've been on here since june
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of 2020. >> and you want to stay longer, a terrific ceo. he is too mean to bang against. what can i do? not everybody is nice but some guys are moneymakers. let's go to derek in delaware. there? >> thank you for taking my call. >> i've been thinking about going on there and doing some trading. what is going on with you? >> my question is ing. >> did you know today, we are now today's largest of natural gas? buy, buy, buy it. that, ladies and showmen, is the conclusion of the lighting round. lighting round is sponsored by ameritrade. coming up, retail royalty,
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the bellwether of brick and mortar. and cramer does. more on the arkansas colossus next. when the traders tell us how to think or swim even better, we listen. like jack, he wanted a version he could access anywhere. no download necessary. and kim. she wanted to execute a preset trade strategy in minutes. are just made for traders, they are made for them. sink or swim by ameritrade. at a pork, we found her. you can find her and millions of other talented pros on up to
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nearly any agenda. >> thanks, linda. go find a lender! >> i would love a cup of coffee, two splendas lending tree, you wind. coming up, a once in a century storm in st. louis. from plus, down the big, what they reveal on the economy. the news with shepard smith, next, cnbc. mad money is going to get it tonight! yes, i was tough on walmart this morning. yes, i'm aware that other retailers might have the same problems. and really not saying that no
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one will screw up first. last time, it was target. i am saying that walmart, this is not just another retailer. is the type of the best technology. i am tough on walmart. don't believe me? google walmart ai. i am tough on them because for so long. they have the ability to get it right. they keep getting it wrong. for some they dropped the ball, now they are dropping the ball with the. in most of my career, i have been. i went to my first one years ago. i fell in love with the place. 22 years ago, i still. it was only after it period
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that i put them on the wall of shame. not long after, he came to see me. let's talk about what he felt i needed to see. i told him how few walmarts i have seen down. he told me to give him some time and then go back to the stores because the problems were going to get fixed. i went back to a year later and he was dead right, everything changed. i fell right back in love with the stock, i even bought it for my child. in the last six months, i have been astonished by how poorly the company is doing. back in may, walmart told us that too many and inventory. they just do not need that much hardware. they are fairly optimistic about the rest of the year. they dropped that bomb last night, this time, they misjudged the consumer.
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great merchants do not do that. for me once, shame on you. for me twice? no. sorry. this is walmart. not some retailer. walmart is the yankees of retail. of course, every other retailer got punished today. i still bet costco will find like they did last time. costco is also great franchise and unlike walmart, they have been living up to their reputation. i used to cover sports for a living, when you get that kind of reporting, you get a unique perspective of franchises like walmart. two miserable seasons and you would be if you did not qualify. it is ridiculous. walmart has got it wrong. and then they got it wrong
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again, the coach messed up. i'm not coming for the coach's had. that said, this is a, what have you done for me lately, bit. with walmart, the answer is, water everywhere. up to a third of grain. >> this came up very quickly. the forecast for st. louis. a warning from the international monetary fund. a global recession's what new earning reports from the company tell us.

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