We're going to get the creamer clip up in a section.

Tell me about the meltdown last night.

I want to talk about metal last night after the market closed.

Facebook came in a massive miss.

Tell us what happened.

Huge miss, down 22% last I checked a few minutes ago today.

A move like that for a company this size, a company that is absolutely mega cap.

A company that is as mature as Facebook met it is.

These moves are insane and particularly because it comes on the heels of similar moves,

not quite as pronounced, but still massive moves down for Microsoft and for Google alphabet.

Now look, the deplorable is out there are not fans of any of these companies and that's

totally understandable.

Because management of these companies, these are the very oligarchs that are moving in

many ways is fighting against.

But it is also important for us to realize and to recognize that these are important

takeaways on the health of the consumer, particularly the Google plunge because it related

specifically to advertising on YouTube.

Companies are not spending because consumers simply don't have the firepower to buy.

So there is a serious economic takeaway there.

Speaking of the economy, by the way, pretty big news out the Wall Street Journal has it

front and center right now on its website about mortgage rates.

The consequences of Joe Biden's inflation.

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