You'll love to see an all-time high. Except for what involves credit cards at. You're

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I'm Ricky Mulvey. Joining us now is Bill Barker. Good to see you. Good to see you.

Well, Best Buy reported earnings this morning. Always a good chance to see the appetite for

those big ticket purchases. Also, completing the earnings triple sales beat expectations.

The company lowered guidance in the very first analyst question was about artificial intelligence.

Best Buy seeing a drag from appliances down 16 percent. But Bill, anything stand out to you

about the consumer electronics retailers quarter?

Well, they've been essentially in a little bit of a micro recession for Best Buy. Of course,

that's attributable to the fact that a lot of in-home electronics and appliance purchases were made

in the 2021-2020 era. A lot of sales were pulled into those years and the last two years you've

seen a decline in sales, which is really returning the company back to a normalized level

and in terms of the little bit of a bump up today in the stock price, that's mostly attributable to

the company saying that it sees a light at the end of the tunnel. It will be continued to

declines this year from last year and last year sales were down about 10 percent for the company

as a whole. But they see next year maybe showing a little bit of growth. That's enough to make

the market happier this afternoon than it was last night. About a 5 percent rise this morning

and CEO Corey Barry would very much like investors to focus on those upgrades cycles.

Saying, quote, natural upgrade and replacement cycles in the normalization of tech innovation

has basically pulled forward demand, which they are now at the bottom. I don't know. I think

there's also a consumer debt story that might be playing out with this company that they are not

addressing what say you. I think at the margin maybe a little consumer debt situation,

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