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Automatic TRANSCRIPT

Help me understand this. Their third quarter results were better than expected their cloud revenue growing to crushed it. When we walked in the studio. The stock was down a couple of percents. We'll get to the stock in a second just in terms of the quarter. What stood out to you with Alibaba? Well a company that large turning in earnings that are up thirty eight percent. I mean that's amazing right if you just think about if you think about the quadraphonic function of earnings like it just going up just a little bit. It's really hard to generate that type of earnings growth in off of a base. That's that big. So thirty percent. Twenty three billion in revenues for the quarter seven point one billion in net income. That's amazing it really is the the stock over the past year. It's up about thirty percent is what we're seeing today. A little bit of the a little bit of the valuation and maybe throw in just sort of general market sentiment that the news over the past twenty four hours with regards to corona virus. Yeah he's not moving in the direction that it had been over. Maybe the previous forty eight seventy two hours I. You're crazy if you believe those numbers that come out of the Chinese government regarding the melt. It really doesn't help. Yes so that being said that. Will you know that that will be the most confrontational in this in this particular recording? Yeah you know. They came out and they said that really things are being impacted throughout the Chinese economy. And the you know the the means of production. The means of transportation workers can't get to you know get get to work. Even if there's the supply chain is completely messed up. They are having huge issues over a company like Alibaba that basically sells products and services online. They are seeing a huge impact. Maybe not as bad as other companies because they do control some of their means of production and really a lot of their means of transportation and distribution but it is still a big a big deal For a company that is that has so much of its earnings coming from one place for that place to to literally be on lockdown