>> well, i'm not going to be too specific here, but i'm going to say, what, 70% of this year's rally is coming from maybe seven or eight names i think you have to play broadening out this rally. >> energy. psx. >> all right, thank you, michael, for joining us. anyofor watching "fast money. "mad money my mission is simple. to make you money. i'm here to level the playing field for all investors. i promise to help you find it. mad money starts now. >> welcome to mad money. welcome to kramer america. trying to make a little money. my job is not just to entertain but to teach and ut it in the context. call me or tweet me. i used to dread these days like

today. i was trying to gauge what was said and what would be said and what wasn't said or what changed at the last time. it drove me nuts. over the many years with the 25 basis points, the highest level in 22 years. i realized this is up. so many people call this stuff better then i do. who knows the nuance of every word? i think it is a better idea to use volatility created by these meetings and see the themes we have seen so far this earnings season. it is fresh and good. the dow gained 82 points. longest winning streak since 1987. that was a bad year. the s&p dipped .02%. nasdaq 2% down. let's do this. let me give you the 10 dominant decent team so far. this way you can make some hay with these longer-term stories.

lower inflation? you got it. the number one theme is the use of generative ffi cap to make better decisions and save money. not to mention time. so far, that is what we know a i can do >> with that said, it is down enough to by >> they call it a once out of 50 year technology change. the ceo bill mcdermott announced tonight that in september, the new version of the platform with the new ai tools can drive a 60-100% increase in contract value and

some customers. we are told it is well received. >> they need the nvidia ultrahigh end graphics card. it is the simplest way to power the ai theme and the easiest talk to plug-and-play. mcdermott emphasized those remarks this evening. also meta. that was helped by ai. meta had great cash flow, strong revenue. and engagement. mark zuckerberg was incredibly enthusiastic about the scale of the opportunity with ai. one of the few areas where he is spending more rather than less. ai winner again. second most dominant, housing. no matter what the fed does, they do not seem to be able to bring down the price of housing which is up 40% in four years.

come on! most mortgage lenders have lower interest. they want to surrender the low rates. we talked about credit issues among consumers. but the demand for homes is not changing. and fact, despite the higher mortgage rate, it is getting worse. what do you do? the third is margin expansion. this has been a recognition that some companies have such powerful brand that the point that they have been able to maintain higher price points even as the raw cost of come down and in some cases, come down a lot. we have seen the higher price points being preserved by pepsico. not enough mass. not enough scale. i think procter & gamble supports it. you can see the prices are up. monster worldwide.

and chipotle, they are not going to get a lot of credit. fourth is the return of enterprise software as a favorite sector of the stock market. from here, to here. the group is on fire. and has more room to run. my favorite, mongo db, confluent, monday.com and cloud player. before the fed started, these are my crib -- market values with great growth. the appendages strong growth with profitability which is what wall street wants. incredibly strong post covid. longer money and shorter time is the obvious thing. cruise line. caribbean, norwegian. i like the airlines. that will be delta and airbnb.

the last one is so good. destinations worldwide. let's not forget. we just reported a good quarter. now joining boeing with a multiyear move with the market and airspace. what is interesting with dave calhoun, the ceo of boeing, i think the stock has much further to run then it has. six, no need for the service here he. decent numbers. my favorite is palo alto networks. the superior offering. palo alto is a huge favorite. seventh infrastructure does not quit. talking about climate driven investments and alternative energy, i think about tesla. and now not being able to talk it out. i like caterpillar and the steel company. as much as i dislike the

chinese government, i like the chinese economy. still one more attempt to come back. that means you can buy starbucks and winn resort and casino company. don't trade at apple. i think the chinese communist party is doing everything it can to make the economy stronger. it has not succeeded yet. that means that it will keep trying. supply chain normalization finally taking place allowing many companies to deliver good numbers after a rough time because of covid. boeing talked about how the supply chain has gotten better. stanley black & decker. the supply chains have improved. same goes for coca-cola and pepsico. the multi-year logistics nightmare is over. trade down with sam's club owned by walmart and costco. having expense robust sales has consumers blowing horns. we will hear more about this issue when we speak to supermarket giant kroger later

today. why are we so confident? the information is on time and current and now. we know how the markets react in realtime. that is what i like. organized labor is stronger than used to be. markets clearly think the teamsters got the better of ups. i do worry about the uaw strike and the empowerment of labor. good for union members. bed for a cheryl horror look -- a shareholder. down enough? i think the topic is not overarching. how about the resurgence of ips. i like my approach. it is empirical. remember the theme this week. keep it simple. the same categories are as simple as they get. joe in new jersey. go. >> hello. i follow the fundamentals you talk about to

the t. and i would like to retire early. thank you so much. >> their ego. that is what the show is about. let's go. >> my question is on energy. a high dividend. is it a buy? >> the answer is yes. i change my mind. why? we have so much demand. i have to admit that the yield is good in. kelsey warner put together a decent conglomeration of pipes that work. dave. >> how are you? >> the chill man is in the house. >> love it. jim, i have been riding this stock for a little bit. it has come down off of it highs the last couple months. by about 20 bucks. i want to know if i should keep riding this pony or look for another thoroughbred in the same sector. my stock is aid. >> they are having what i

call a consolidation phase. i think the pc market is doing well. data center. worried too many data centers. i think you will be will find. i think you should stick with it too. remember the theme this week. keep it simple. these 10 categories are as simple as they get. write them down. they will make you money i believe in this choppy environment. it has been a good run but we have to find it will happen. taking a bite of the report. and spotify. i will share with you what i know about the new streaming service. it is pretty enlightening. >> and look no further than kroger. i'm seeing what the grocery kingpin is seeing with the company's top brand. so stay with kramer!

. >> send jim an e-mail to matt money@cnbc.com. or call us at 800-743-cnbc. missed something? missed something? go to matt money@cnbc.com. at morgan stanley, old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪

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we have these mixed numbers from kramer and chipotle. the mexican chain reporting a 34 cents bottom-line per-share earnings off of $12.31 basis with in-store sales. they are making more money thanks to better restaurant level operating margins. many fees coming down. the company got low to mid single digits. it is a bit below the number

the analyst wanted. and being conservative. given that the stock is up 50% for the year going into the quarter and revenue numbers, they don't want to see a single piece of this on. and trading down at close. overall, i thought it was good. don't take it from me. let's check in with brian nichol, the chairman and ceo of chipotle to get a better sense of the quarter and more importantly, what comes next. welcome back to matt money. >> good to be with you. >> branded it again. sales are good. have to tell you that the margin improvement, 230 basis points haven't gone the other way. why are your margins improving? >> the good news is we are driving traffic. obviously, the traffic is resulting in same-store sales growth. and friendly our supply chain team and operators have done a great job of managing labor and cost along the way. as you mentioned, our margin is

the highest margin at 27% since 2014 or 2015. so we are really proud of the fact that we are driving traffic. we are driving overall and flowing to the bottom line. so really proud of the results. >> you did say you were not out of the woods. you mentioned beans and rice and dairy. those are variables that should go the other way. you are confident though? >> yes. you bring up a good point, jim. i was going to say, the one thing is inflation is still showing up in both labor, the mid- single digit range. if you exclude the pull back cost avocados, you are seeing mid- single digit inflation in those areas you mentioned. so i think we have said this over and over again. we will keep an eye on it. to the good news is that we have tremendous pricing power. if we need to pull back, we can pull the lever. but we have always said we

would rather not be in front of where things are but rather make sure we understand where inflation is and adjust accordingly. >> we will adjust if we need to. >> you think the labor market is starting to cool but you are also making sure that you can control some of your own destinies. we talked about this last time. i thought avocado is something we should address. it is huge step you keep taking. >> we spent a bunch of times in the restaurants with team members wanting to find out the big pain points in the morning prep. obviously, we are bringing in all of this fresh produce. fresh avocados every day. one of the areas that is a task pretty hard and takes a lot of time is cutting, coring and peeling the avocados. and so we challenged our team to come up with a robotic or automated solution. and we have one that is a prototype to the avocado. we are pretty excited about what it can do for us.

not only does it make the job easier but it allows us to recover faster in those events that we find ourselves having not prepped enough guacamole for the day. >> you are so far ahead of the game. the reason we got the 50% increase is so we don't do what i'm about to do. there is a question on whether you are actually concerned. you are a little bit conservative on the next quarter. is that something that you saw as you went into the end of the quarter? or is it just you saying, anything can happen and we hope it goes well? >> if you look at the cadence during the quarter, it was all really strong. as we exited the quarter, it continues to be strong. we are rolling off of about five points of pricing in the quarter. and so obviously, we want to see how that plays out. the traffic continues to be something that is a strong underlying trend. i love the fact that the traffic is what is driving the account. i want to make sure we give guidance that we think is in the right range. the goal is to deliver on what

we say. i think we have done that over and over again. and every now and again, we are over. we need to be cognizant of the fact it is in front of us. so we are rolling out a fair amount of pricing. the pricing to date and driving that crossed through. >> fair enough. official sales of total revenue, during the height of the pandemic was at 60%. we happen to do that on chipotle day. the high 30 range, such as somebody wanting to go to the stores? i think your delivery system is superb >> one of the things we have scene is a little bit of pull back. a white label business. one of the things we know is as we roll out more chipotle restaurants, we see the delivery business go down and we get more order ahead business. and so we just passed i think the 600th chipotle.

i figure we can have the mix to change a little bit where more people shift to order ahead because they are able to get their food without getting out of the car. so it is a great experience, whether you choose delivery or to order ahead. if you come in to the, we always know you will get a great experience there too. >> i always have to do it at the end of my interview. chicken alpha stars. still viewed as one time only. can we just make that permanent? >> it is this time. definitely going to run its course. we will be bringing out a new menu item after the. you are not the only one giving us the feedback. that has been a tremendous program. it has driven a lot of transaction. our culinary team hit it out of the park. obviously the operators execute flawlessly. i'm glad you enjoyed it. >> flying in the mideast. and to dubai and kuwait. that is where i see you heading next. >> obviously terrific

operators. and we know the middle east. they are excited to be having the opportunity to leave the chipotle brandon that part of the world. we probably won't stick with chicken all pastore. we will start with the menu to make sure it is culturally relevant in all aspects. i'm excited about seeing the restaurants open next year. >> sometimes i think we missed the big picture. the big picture is, you are the best there is. brian nichol, ceo of chipotle. congratulations on another good quarter. >> absolutely. . coming up, it can you spot the day the music died? find out how the spotify rhythm turned into blues. next.

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what happened with spotify? that is the music streaming company. yesterday, stocks plunged 14%. changing the directions. at 107%. going into earnings. if you are like me, this is one of those puzzles. i want to help solve it for you. you know how it really works. sometimes it is counterintuitive. i have to tell you. some of this was great expectations. overwhelmingly. almost every earnings preview possible. many featuring substantial price targets ahead of the quarter. the stock was there. just over a month ago, wolf research upgraded the stock. who was the top pick among the sub scription internet place a cover? analyst protective accelerated revenue growth.

they thought the business was just, shoot the lights out booming. but then we get the numbers. it turns out they are adding new users like crazy. monthly average users were much better-than-expected. up 27% year-over-year. 551 million. that is extraordinary. the monthly average user growth has been accelerating for six straight quarters. previously up 70%. subscriber numbers came on strong in north america and latin america. spotify is popular. sadly, subscribers don't seem to be translating into terrific sales or earnings. the spotify total revenue came in weaker than expected. this is a european company. they have been hurt by the euro. they would have had 13% revenue growth. it seems pathetic. it brings me to the first big problem of the quarter.

spotify is struggling to monetize these people correctly. the average revenue per user was down 6%. this is one management reason why prices were raised earlier this week. $9.99 per month, to $10.99 a month. the first price increase since they launched the service 15 years ago. unfortunately, management said they won't see any impact from higher prices until the 4th quarter. so the current quarter could have issues. there is a gap. with spotify being late to the price increase, what is going on? average revenue per user has been sinking for quarters. on the app supported side, they don't seem to care about it. spotify added revenue at less than 1.2 euros per user. that is nothing. i know it has been challenged. but come on. i think the issue is that these guys have the user base of 343

million people and be that is little more than a funnel for the subscription business. premium subs were up 17%. maybe the need to change the mentality. next is both. why can't spotify pull up the same thing? let's talk about another prop. spotify expenses came in way higher than expected. they reported that asserting operating wealth of 117 million euros. free cashel at 9 million euros. they said it was more of a timing problem. but spotify has had this for three quarters in a row now. >> every other company spent the bulk of which. they sit at the top of the show

that wall street has turned against. growth. investors only want profitable growth. without it, spotify did not get them. everyone else's firing people left and right. meanwhile, these guys are spending like drunken sailors. take a look at what meta did if you want to pull it off. even netflix, which is are ghibli the closest analogue, has made a meaningful improvement for cash flow generation the last couple years. maybe spotify is late to the reporting. finally raisings absorption prices. with all that said, this one is fixable. already putting through a nice price increase and it would not take much to get on the spinning discipline and think about how to make more money from that. and don't forget that spotify stock got killed yesterday because of the expectations. when you look at the company's actual guidance, they basically hit or exceeded every one from the last of the forecast in april. it said the analysts thought the numbers will be higher than what management was promising. in some ways it was not the spotify's fault at all.

some guys can hit the forecast. i think it is apparent that spotify gives us absolute guidance for the quarter. the average user, gross margin all better-than-expected. only the revenue outlook was weaker and that was mostly related. more analyst raised the price targets and cut them. i think that is an important metric. even upgraded. that is why the stocks rebounded 6%. let's take a step back for a second. yesterday was the fourth consecutive down day for spotify. in total, it fell from the 52 week high of $182, to 140 as low as yesterday. 22% decline in four days is certainly serious. the fact that spotify basically gave back the gains from the past two and half months is not so bad. stocks up 89% year to date. and i'm not ready to give up those spots. at the end of the day, i hope

the incredible negative reaction to this suboptimal second-quarter will serve as a wake-up call, a shout across to the spotify management. it can get them covered and be more aggressive with cross cuts and pride -- price increases. bottom line. spotify has a usually successful german comedy. so successful at the entire music industry. but trouble turning strength into earnings. as a company, they can and will turn things around. it is time for spotify to prove it. until they do, i think there are greener pastures like netflix better a better bet on a positive turn. let's go to thomas in new york. thomas. >> we want to thank you for your continuous insight. we did well on carnival and we are doing well on mgm. as you know, mgm is around 15 and change. we have the 20-point balance. i'm curious to know your opinion as to whether i should buy more, sell some or whatever i

should do. >> i like a stuck up 50%. that is why i take 10% off of a 50% win. take 10% off of that tomorrow. you say, you still like mgm? of course i do. discipline the conviction. we take a little off. we let the rest run. bob. >> how are you? >> i'm good, bob. how about you? >> i'm okay. >> okay. that's cool. what stock are we talking? >> i would like to know about disney. you hear about a strike. >> let's talk about disney. and also esti■ lauder. these are two stocks i have blown. i am up proud teacher. i love to get it right. when i get it wrong, i owe you one. here is the problem. does and doesn't have the cash flow to pull off what he wants

to do. it does not have the right movies right now. only the theme parks are humming. i have thought that this would have a pivot and start going up. i know the quarter is not that good. i'm doing my best to rationalize why i'm still in the stock and the answer is, i think that they can still turn around. i have been wrong. you could argue that i shouldn't have any say about what to do with the stock at disney. you have to own it. you have to tell the truth at all times. >> i believe spotify can and will turn things around but it is time for them to prove it. until they do, i think there are greener pastures. and kroger. viewers know that we have coverage of standard m&a and recent roadblocks to what is going on with the nearly 25 billion-dollar acquisitions of the grocery chain albertsons. we have been talking a lot about that. let's get the latest. very important factor. what are winners and which are

done? >> i have the answers. i have done the homework and i will give you my take. of course all of your calls rapidfire in the lightning round. so stay with kramer!

more than 10 months ago, we learned kroger, the powerhouse, sold out $25 billion to acquire albertsons in a deal that could create a. grocer. the federal trade commission has been holding things up. and blocking the deal given the current hostility. kroger is ready to fight them

in court. i think they have a strong excuse. not much overlap with albertsons. it has kept them stuck in limbo. the numbers have been strong. i think it is time to get an update on the course of the deal and current state of food inflation, all the more important now that we have clear this. let's take a closer look with the chairman and ceo of kroger. mode welcome back to mad money. >> great seeing you. thank you for the invite as always. >> we had the fed meeting today. it sounds like it is bouncing around. the people's income in the country, the defense to listen. people are getting stressed. what are you seeing especially with snap benefits being cut back and student loans. you have to start paying for them. >> would be similar. we are seeing customers that are on a budget changing behavior. there are smaller basket sizes

and things like that to stretch the budget. shopping more frequently and spending less per trip. people not under the economic strains are continuing to behave the same in terms of looking at higher end wine or starbucks or things like that. they continue as they were even beforehand. >> what do we know about these articles we have seen. markets losing the food fight. some of these big box grocer's are able to undercut your pricing. >> for us, it is one of those things. the customer always benefits. if you look at the value we offer, we offer customers incredible value when you look at the everyday pricing. but the promotional activity and the rewards programming in. rewards and all those things. the customer can shop with us with the same price. we have invested and lowered our pricing for multiple years in a row. that is one of the reasons why we are so confident when the ftc looks at the details that we can share that the customer benefits are associated with the community benefit with the merger.

>> you guys just put out some really unbelievable work including partners. everybody needs to read. a few things you might not know about grocery. in it, it is clear that a walmart, costco, amazon have far more reach than you and do a lot more things and you. and putting kroger together with albertsons is unfortunately a drop in the bucket versus what walmart is doing with cost or amazon. does the government understand that in order for kroger to be as relevant as it wants to be, it has to stay as big as these other guys? >> that is the thing we are working on in terms of trying to help the government and the ftc understand. we are the fourth largest retailer before the merger. we will still be the fourth- largest after the merger. and the customer will benefit from that. it also allows us to further invest in technology seamlessly, which we call the online business seamless. and will continue to be able to support customers in a broadway

where they can shop online with delivery and also in a store. for us, it is one of those things where it is a two companies as you mentioned before. the overlap is pretty limited. when you look at it in terms of the map for the two companies. and it allows us to provide better job security. we will be the largest union employer in the united states. and if the merger didn't happen, the only one that benefits would be some of those nonunion competitors that you talked about. >> i know the government has been concerned. i saw the merger guidelines that came out. that is white is so great that you are on. they really don't want any overlap to be and do something that might not last or be strong enough including private equity. does that make it so any deal that has any overlap is screwed? >> i think at the end of the day, if the customer benefits and the associate benefits and the community benefits, i think

that the government, the ftc will work and understand all of those things. and it is one step at a time. obviously, we went through all of the analysis before we ever got to the point of actually sitting down with albertsons. i just have so much confidence and faith because we have a track record of actually, in the previous merger, lowering prices for customers and investing in wages and providing better job security. in fact, we have added over 100,000 union jobs since 2012. so those are the things that when you start looking at the details, i think it will be really important for someone to see. >> are they listening though? are they listening? the ftc thinks any merger is bad for the consumer. but this is a competitive more merger. >> i have so much faith in the professional people that will actually look at the real facts. so i have total confidence and

faith that they will be able to actually sit down and be able to talk to them and be able to listen and have a dialogue. so i have so much confidence and comfort that that will happen. >> in the meantime, i know it was hard to believe it is almost back to school time. you have 250 items for less than $3. tell me about that. i want to go. >> it is trying to help people on a budget. getting their kids back to school. being able to have the books for them and the pencils and all those things to make it easy. to be able to do it on a budget and have the things the kids like. obviously crayons as well. >> when i look at what you try to do, it is very clear that you are still doing local where local is right. is that working for you? all the different kinds of kroger's look different when you are in the market. >> yes. for us, it is incredibly important. for us, it is if the customer can't see it, we want to make sure we are going to the market as a bigger company. you look at technology to get allows us to invest in

technology and spread that across the whole company. we are able to compete with players that are bigger then us. if you look at, from a loyalty program, all those things allow us to get to scale. when somebody fills a prescription in cincinnati like if they are in phoenix, they can go there. all of those things are important. from up customer standpoint in terms of the products they love, it is important to be local. i know last thursday, i was in denver, colorado spending time with our team there. and the connection we have with local farmers is just outstanding when you look at the corn and palisade peaches and things like that. we are able to help a farmer grow their business and take that across the company. so we never ever want to lose that. it is so important. it is what makes it special. at the same time, we do have to understand that it is the 21st century and we have to make sure that we have the scale to compete with players.

>> understand. you need it. that is why we want to say, it makes too much sense to the american people which is what we really care about. the chairman and ceo of kroger, great to have you on the show. thank you. >> thank you, jim. >> we are back after the break. . coming up, cramer wants to hear from you. your call on a thunderous lightning round next. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. take the first step to see if your small business qualifies.

it is time for the lightning round.

are you ready? jim. >> my question today is pelletier. >> i have been against until they put together a terrific quarter. i told the cfo that and i think they should come on because the stock is going higher. >> jim, thank you for taking my call. >> my pleasure. >> i want to get your thoughts on one that has moved. it is try point homes. >> try point is good. i have to dmit that try point has put together a fabulous business plan. let's go to leo back in north carolina. >> hello jim. thank you for taking my call today. >> of course. >> my question, as they are heading into earnings, what are

your thoughts right now on trans medics? >> this is transplant therapy which is so vital to the country. we think it transcends the earnings and i like the story. let's go to brandon in new jersey. brandon. >> hello jim. my girlfriend really loves this restaurant. i don't really care for it. but i was wondering what you think about its stock. the cheesecake factory. >> the have a big menu. a lot of choices. that's okay. my take is that tripoli is what you want to go with. i like chipotle more. let's go to bob in florida. bob. >> thank you for taking my call. >> of course. >> i would like to get your opinion about an airline company not very well known. they have the highest net margin in the industry. what do you think about copal holdings? >> fantastic.

i just went fishing in panama. it is a great alternative that people don't know about. let's go to rickey in mississippi. rickey. >> how are you doing mr. jim? >> i'm doing well. how are you? >> this is riki in mississippi. 10% of my total net worth of my ira at mci. >> it is second to nvidia as a way to play ai. you are number two unknot number one. let's go to philip in kansas. >> hello jim. i'm looking at (indiscernible) rocket labs. >> let's move on from rocket loves. losing money. up almost 100%. losing money. not my cup of tea. we go to kenneth in ohio. >> i have been watching you

since could load days. >> that was black and white tv. incredible. what is happening? >> i have had merck for two years. i am of about 42%. should i continue to hold it? >> i think merck is reinventing itself and doing a terrific job. a way to hold the stock. >> gary in new jersey. gary. >> at evening, joan. thank you for taking my call. >> what's up? >> i have a question on a bank stock that i acquired five years ago when my bank was bought out. the stock was arny. >> it is making a comeback. have to tell you that it you probably want to be in key which is not bad. otherwise, wells fargo announced a gigantic buy back. why not go with wells. how about nick in florida. nick. >> nick from florida. i want to give you a big shout out. and thank you ahead of time because you might be the only

one who can put this in the proper perspective. it is absurd that our government has thrown a poll over the entire pharmaceutical industry. even my favorite person who i look up to in this world is paying top dollar for her meds in lindenhurst, new york. what rachel spends on her meds, and aside from eli lilly which might have a more realized valuation, do you think, there is a catch-up trade now in good old bristol-myers squibb? >> i do not. >> and that concludes the lightning round. >> the lightning round is sponsored by tdm imagery. >> operator, give me any major ceo. every earnings call tells a story but they are not happy for all of them.

kramer explains next. u want t ue on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.

oppenheimer is magnificent. the new york times calls it t staggering.. it's utterly enthralling and one of the best movies of the century. i say the same thing every earnings season. before you react, wait until the end of the call. listen to the call. read the transcript. if you know how to interpret it, you will know whether to buy or sell. it is not always easy. many calls can fool you. we caught that last night. expanding everything was great. cannot have been more wrong.

i'm seeing this is a hot stock. more important is the tone set. not the only comments but the granularity of the quarter. the so-called month-to-month. that is the forecast that is usually made by the cfo. sometimes by the ceo. the incredibly capable cfo of microsoft sent the stock down 14 points in after-hours trading as they talked about higher cost. if you bought into those promises, you were crushed. we do the meeting every single day. i stressed to people what is legendary for practicing. under promising and over delivering. trust me that i have done it for 30 years. you might ask, why microsoft is so up. they like to set a low bar. they did last night.

that was the under. the overdeliver comes next quarter when people realize that it did not include the usual revenue streams we garnered by the company's ai services which should ramp up the next few quarters. and could perhaps be the real profit from the artificial intelligence that we have seen at any place. >> the sellers of the stock will finish soon if they have not already. and in the opportunity is back. >> we often have a similar situation. not last night. the cfo has a habit of being too candid. talk about what could go wrong rather than what would go right. last night she talked about what is going right. search google cloud. especially youtube. that is why the stock worked today. it is not down. valuations are low. the ceo of general electric. until recently, his company was not doing that well. he had some stables to clean it. it is not going to give the

impression he was trying to buy it but has been brilliant. he talked about renewables embedded in business. yesterday was the first time i ever heard him talk positively about the division. may are very meaningful. it was the least credible? i have to say john stockton at at&t. the worst conference call for most quarters is from the 110 premier american semi conductor enterprise. expressing a genuine contempt for analysts. they just don't seem to want to bother with his conference call questions. and a total lack of desire to give analysts anything to work with stressing too much inventory and not enough demand.

a real buzz kill. when they are done trashing their own stock, no buying opportunity. let it be the best example of how some companies simply refused to play the game. texas instruments never plays the game. you can see what that did to the stock today. i say play the game or don't play at all. mark zuckerberg might be giving us more reason to cheer. a tesla cyber truck spotted in the wild. we have pics to show you. we want to hear what you think. will artificial intelligence be san francisco's savior? surprising comment from the mayor. it is the new ceo who is the ceo and former executive of mattel.