k this hour, a deep dive on alphabet you're not going to want to miss dee's exclusive with ceo sundar pichai recession risk, whether the economy that hass seen peak inflation. >>> we'll start with the selling in tech and crypto, strange volatile day today, the nasdaq was down more than a percent and a half up by more than a percent. mean stocks, game stop up 20%. amc up 14, bit down trying to climb out of a hole. regaining 30 k with other cryptos still down to discuss, the senior markets -- >> hey, jon, you know, that litany you just went through represents a lot of, i think, psychological round number levels that were breached in the downside and it's been a one-way market, at least tactically, the fastest moving trader said does it make sense to get further greedy on the down side. s&p gets the -- nasdaq to a 30% decline, you have amc going to the single digit prices at game stop below 100, and all of these things that seemed like, you know, were gathering up the extremes, i don't think you want to necessarily infer too much more from the action than that, kept it has been a shutout being

tomorrow alphabet ceo sundar pichai joins us on "techcheck. we're back in just a moment.you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. what's it like having xfinity internet? it's beyond gig-speed fast. and it can connect hundreds of devices at once. that's powerful. unbeatable internet from xfinity. made to do anything so you can do anything. >>> the hotter-than-expected inflation number hit the market. dominic chu has a look at what's moving. >> the volatility, carl, is the theme. we've seen so many of these moves and wild swings and economic catalysts driving it. today,

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what did he say about all of these things we'll tune in tomorrow deirdre bosa with sundar pichai. seymour, you own it, stock has been terrible. what do you do here? >> it was an outperformer today. this is one where i think you have an opportunity to be adding on weakness and i wouldn't feel uncomfortable owning google at these levels this is a company that not only on multiple, we talked about this all the time, it is a peg ratio that is inside of one, it is a company that is trading probably 18 times forward, maybe less at this point, but they continue to invest in their business they also just have come out with a bunch of products that i don't know if you challenge apple, with their own smartwatch or their own earbuds or with a handful of other products, but i do think when you look at the core business that they have, search, but then also the youtube business, and where they sit in the digital ad world, these things aren't going anywhere these companies at these levels have been thrown out with the bath water. >> not going anywhere in the sense that they're not going away bu

that's pretty much what cio sundar pichai made clear last week. >> i've worked through past moments like this, be it 2008 or the early days of the pandemic, and we take a long-term view obviously when you're serving across the economy, a lot of the macroeconomic factors like gdp growth end up affecting advertisers spend as well. >> in that interview he said they're facing uncertainty like everyone else and they have to stay nimble. the majority of alphabet revenue, still digital advertising, despite all the other businesses they're getting into in a downturn or recession, carl, advertising is typically the first area the companies cut back on. youtube showed some cracks last quarter. >> we had that youtube revenue number still lingers as one of the biggest internal prints as a quarter. it's going to be interesting it's one of the things where you don't need to cancel orders like you do with hard goods, you just sort of shut that off. if you see the way consumers are changing their mix, the question will be whether corporates start changing their mix as well. >> indeed. carl, how is googl

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ceo sundar pichai showed off the augmented reality glasses at google's developers conference. the glasses, translate languages and display captions of what the speaker is saying in the language chosen by the listener. right now. the glasses are just a prototype, which i did not say if they will ever go into full development. but google also announced this fall. it will go up against apple with its long awaited pixel watch. it will integrate fitbits technology because google owns that now. no word on a price for the watch. probably will be just about what an apple watch costs. i'm pam cook. that's a look at your dollars and cents. thank you now to an incredible story you have to see and hear. in florida. a man who had never flown a plane before was able to make a safe emergency landing after the pilot of a cessna had a medical emergency situation. pilot john idea how far the airplane roger what's your position? i have no idea. roger trying to hold the wings level and 50 can start sending for me forward on the controls and descended a very slow rate. could we all be as cool and

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. >> it's a good point sarah friar was optimistic and we spoke to sundar pichai last week but there isn between companies that can continue to do that, uber is an example of one that says they're going to scale back. robin hood as well some of the others, so is this still going to play out, could that weigh out on earnings the rest of the year i know this shift is secular but in the shorter term there was a belief that as you said, enterprise spending was going to be kept intact maybe that softens >> i think it's somewhat sector dependent, uber obviously is heavily reliant on consumer spending, and in some ways, travel, and return to work, and major metro markets, you know, we see pockets of real optimism. you guys know we're a big fan of smbs, companies that sell technology to small businesses in america and we're starting to see a big rebound there. we forecasted that we would, coming out of covid. we're now seeing metrics for small business in america to be strong, and, again, small businesses, 40% of u.s. gdp, 60% of americans work for small business, we're seeing, i'm on the board

the ceo sundar pichai showed off the augmented reality glasses at google's developers conference.sses are able to translate languages and they display captions of what the speaker is saying in the language chosen by the listener right now, the glasses are just a prototype. the ceo didn't say when or if they'd ever go into full development. i know there's a lot of sneaky like i would be a spy in the middle of a room, but to me, i think of multigenerational families where grandparents speak one language grandchildren don't speak and this would use that communication. just think about going to another country and traveling and you don't have to worry about it. but it does look better than google glass, right? that's those new glasses because the google glass didn't really ever take off those look much better. remember when there was a little controversy, some woman few years back went into a bar in san francisco. and the people in the bar were saying get that out of here. we don't thought she was doing video on the on the global glasses. yeah exactly. so i guess now that we're a litt